MIRA INFORM REPORT
|
Report Date : |
10.07.2007 |
IDENTIFICATION
DETAILS
|
Name : |
HUMBOLDT
WEDAG INDIA PRIVATE LIMITED |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
21.07.1976 |
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Com. Reg. No.: |
21-030634 |
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CIN No.: [Company Identification No.] |
U99999WB1976PTC030634 |
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TAN No.: [Tax Deduction & Collection Account
No.] |
CALH00484B |
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PAN No.: [Permanent Account No.] |
AAACH7474G |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Manufacturer
of Cement Plant and Machinery, fast expanding and having good business in
Indian and International market. |
RATING
& COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
56-70 |
A |
Financial
& operational base are regarded healthy. General unfavourable factors
will not cause fatal effect. Satisfactory capability for payment of interest
and principal sums |
Fairly Large |
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Maximum Credit Limit : |
USD
597685 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject
is a well established company and a part of German giant. Financial position
is good. Payments are correct and as per commitment. Trade relations are
fair. The
company is doing well. It can
be considered good for any normal business dealings. It can
be regarded as a promising business partner in a medium to long run. |
LOCATIONS
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Registered Office : |
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Tel. No.: |
91-33-22279758 |
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Fax No.: |
91-33-22884010 |
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E-Mail : |
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Website : |
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Corporate
Office : |
CC-29,
2nd Floor, Nehru Enclave, Opposite Paras Cinema, New Delhi-110019,
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Tel.
No.: |
91-11-26227325/
28 |
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Fax
No.: |
91-11-26227215 |
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E-Mail
: |
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Branch
1 : |
Suite 803,
8th Floor, Dina House, Ruttonjee Centre, 11, Duddell Street,
Central Hong Kong |
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Tel.
No.: |
852-25373613 |
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Fax
No.: |
852-25373689 |
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E-Mail
: |
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Branch
2 : |
36th
Floor, Tower 1, |
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Tel.
No.: |
86-21-25373277 |
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Fax
No.: |
86-21-63173763 |
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E-Mail
: |
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Branch
3 : |
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Tel.
No.: |
43-1-240-25-300 |
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Fax
No.: |
43-1-240-25-310 |
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E-Mail
: |
DIRECTORS
|
Name : |
Ashok Kumar
Dembla |
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Designation : |
Director |
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Address : |
House
No.1007, Sector-9, Faridabad-121006, |
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Date of Birth/Age : |
31.08.1959 |
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Date of Appointment : |
28.06.2002 |
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Name : |
Vidya
Sagar |
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Designation : |
Director |
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Address : |
Remfry
House, |
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Date of Birth/Age : |
20.12.1925 |
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Date of Appointment : |
21.07.1976 |
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Name : |
Ravindra
Prakash |
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Designation : |
Director |
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Address : |
13, |
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Date of Birth/Age : |
12.12.1944 |
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Date of Appointment : |
12.01.2004 |
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Name : |
Johann
G. Zimmermann |
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Designation : |
Director |
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Address : |
Falkenstasse-7,
53859, |
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Date of Birth/Age : |
23.08.1949 |
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Date of Appointment : |
21.04.1998 |
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Name : |
Pich
Rudolf |
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Designation : |
Director |
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Address : |
Alte
Koelner Strasse, 10B, D-51503, |
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Date of Birth/Age : |
22.07.1946 |
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Date of Appointment : |
27.11.2001 |
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Name : |
James
Brain Busche |
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Designation : |
Director |
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Address : |
13402,
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Date of Birth/Age : |
15.06.1958 |
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Date of Appointment : |
04.05.2006 |
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PAN NO : |
00294607 |
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Name : |
John
Michael Musacchio |
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Designation : |
Director |
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Address : |
127,
Hidden |
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Date of Birth : |
08.08.1947 |
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Date of Appointment : |
04.05.2006 |
KEY
EXECUTIVES
|
Name
: |
P. T.
Satheesh Kumar |
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Designation
: |
Secretary
(Marketing Department) |
MAJOR
SHAREHOLDERS
|
Names
of Shareholders |
No. of Shares |
|
KHD
Humboldt Wedag GMBH |
1919904 |
|
MFC
Industrial Holdings AG |
96 |
BUSINESS
DETAILS
|
Line of Business : |
Manufacturer
of Cement Plant and Machinery, fast expanding and having good business in
Indian and International market. |
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Products : |
Decanter
Centrifuge Components Other
Spares Vibrating
Screen Centrifuge |
GENERAL
INFORMATION
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No. of Employees : |
2500 |
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Bankers : |
Deutsche
Bank AG 9,
Shakespeare Sarani, Kolkata-700071,
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Banking Relations : |
Unknown |
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Auditors : |
Bansal
& Company Chartered
Accountants |
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Address : |
A-6, Maharani
Bagh, New Delhi-110065, |
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Associates/Subsidiaries : |
KHD
Humboldt Wedag GmbH 51170,
Tel.
No.: 49-2216504-0 E-Mail
: info@khd.de, services@khd.de Cement
Division Ø
Mr. Michael Brachthauser Sales Manager Tel.No.: 49.22165041410 Fax No.: 49-22165041429 E-Mail : brachthaeuser.m@khd.de Ø
Mr. Heinrich House Mineral
Division Mr. Stephen Schewarz Tel.
No.: 49-22165041701 Fax
No.: 49-22165041709 E-Mail
: Schwarz.s@hw-cmt.de Production Mr.
Reimund Goldmanns Tel.
No.: 49-22165041600 MFC
Industrial Holdings AG Dillenburger
STR. 69 51770 Tel:
49.221.6504.6010 Fax:
49.221.6504.6019 Email:
info@mfc-ih.de
Robabond
Holding AG MFC
Commodities AG KHD
Humboldt Wedag International Holdings GmbH KHD Humboldt
Wedag International GmbH Humboldt
Wedag, Inc. Tel:+1
770 810 7300 Fax:+1
770 810 7333 or 7343 Email:
hwi@humboldt-wedag.com Humboldt
Wedag India Limited Sasamat
Capital Corporation MFC
Industrial Holdings AG KHD
Humboldt Wedag GmbH Zementanlagenbau
Dessau GmbH Altmark
Industriepark AG ZAB
Industrietechnik & Service GmbH |
CAPITAL
STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
2000000 |
Equity
Shares |
Rs.10/-each |
Rs.20.000 millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
1920000 |
Equity
Shares |
Rs.10/-each |
Rs.19.200 millions |
FINANCIAL
DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
|
19.200 |
19.200 |
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2] Share Application Money |
|
0.000 |
0.000 |
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3] Reserves & Surplus |
|
130.221 |
54.649 |
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4] (Accumulated Losses) |
|
0.000 |
0.000 |
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NETWORTH |
|
149.421 |
73.849 |
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LOAN FUNDS |
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1] Secured Loans |
|
0.000 |
0.000 |
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2] Unsecured Loans |
|
0.000 |
0.000 |
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TOTAL BORROWING |
|
0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
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TOTAL |
|
149.421 |
73.849 |
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APPLICATION
OF FUNDS |
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FIXED
ASSETS [Net Block] |
|
50.632 |
32.164 |
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Capital
work-in-progress |
|
2.021 |
0.000 |
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INVESTMENT |
|
0.000 |
0.000 |
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DEFERREX
TAX ASSETS |
|
1.995 |
2.199 |
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CURRENT
ASSETS, LOANS & ADVANCES |
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Inventories |
|
40.187 |
43.196 |
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Sundry
Debtors |
|
420.144 |
139.987 |
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Cash
& Bank Balances |
|
285.480 |
114.592 |
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Other
Current Assets |
|
3.254 |
2.053 |
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Loans
& Advances |
|
393.400 |
144.180 |
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Total Current
Assets |
|
1142.465 |
444.008 |
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Less : CURRENT LIABILITIES &
PROVISIONS |
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Current
Liabilities |
|
801.539 |
327.519 |
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Provisions |
|
246.153 |
77.003 |
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Total Current
Liabilities |
|
1047.692 |
404.522 |
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Net Current Assets |
|
94.773 |
39.486 |
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MISCELLANEOUS
EXPENSES |
|
0.000 |
0.000 |
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TOTAL |
|
149.421 |
73.849 |
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PROFIT & LOSS ACCOUNT
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
|
Sales
Turnover [including other income] |
|
1560.544 |
556.590 |
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Profit/(Loss) Before Tax |
|
418.656 |
22.296 |
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Provision for Taxation |
|
44.379 |
8.473 |
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Profit/(Loss) After Tax |
|
374.277 |
13.823 |
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Total Expenditure |
|
1141.887 |
534.294 |
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2006 |
31.03.2005 |
|
PAT /
Total Income |
(%) |
|
23.98 |
2.48 |
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Net Profit Margin (PBT/Sales) |
(%) |
|
26.82 |
0.04 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
|
35.09 |
4.68 |
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Return on Investment (ROI) (PBT/Networth) |
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|
2.80 |
0.30 |
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Debt Equity Ratio (Total Liability/Networth) |
|
|
7.01 |
5.48 |
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Current Ratio (Current Asset/Current Liability) |
|
|
1.09 |
1.10 |
LOCAL
AGENCY FURTHER INFORMATION
KHD’s
Subsidiaries:
Humboldt
Wedag (SA) (PTY) Limited
Elandsfontein
1406
Tel: +27
11 397 4660
Fax: +27
11 397 4411
Email: jkottmann@humboldtwedag.co.za
KHD HW
Tehran Representative
1st Fl,
No 309, Dastgerdi Str. (Zafar),
Tel.:
+9821 8790131
Fax:
+9821 8790132
Fax:
+9821 8790133
Email: info@khdhw-iran.com
KHD
Humboldt Wedag
Guo Ji
Da Sha 25-E
CITIC
19,
Jianguo Menwai Dajie,
Tel: +86
10 6500 4101
Fax: +86
19 6500 8623
Email: contact@humboldt-wedag.cn
KHD
Humboldt Wedag GmbH
Representative
Moscow
Mjasuitskaja
ul., 24/7, Office 108
10100
Moskau
Tel: +7 095
925 1844
Fax: +7
095 923 3480
Email: khd_wedag@mtu-net.ru
EKOF
Flotation GmbH
Herner
Str. 299
44809
Tel: +49
234 9032 0
Fax: +49
234 9032 257
Email: ekof-roy@t-online.de
KHD
Humboldt Wedag GmbH
Yanbu,
Saudia Arabia
Phone:
+966 4 391 0811
Fax:
+966 4 391 1414
Email: khdjed@sbm.net.sa
Humboldt
Wedag Australia Pty. Limited
Tel: +61
3 9580 5277
Fax: +61
3 9580 1006
Email: HUMBOLDT@c031.aone.net.au
MFC
Commodities GmbH
21st
Floor
Handelskai
94-96
1200
Telephone:
43.1.240.250
Facsimile:
43.1.240.25.260
E-mail: office@mfc-commodities.com
CMT
REPORT [Corruption,
Money laundering & Terrorism]
The Public
Notice information has been collected from various sources including but not
limited to: The Courts,
1] INFORMATION
ON DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international anti-terrorism
laws.
2] Court
Declaration :
No records exist to suggest that subject is or was the subject of any
formal or informal allegations, prosecutions or other official proceeding for
making any prohibited payments or other improper payments to government
officials for engaging in prohibited transactions or with designated parties.
3] Asset
Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record
on Financial Crime :
Charges or conviction registered
against subject: None
5] Records
on Violation of Anti-Corruption Laws :
Charges or investigation registered
against subject: None
6] Records
on Int’l Anti-Money Laundering Laws/Standards :
Charges or investigation registered
against subject: None
7] Criminal
Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation
with Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation
Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM
as part of its Due Diligence do provide comments on Corporate Governance to
identify management and governance. These factors often have been predictive
and in some cases have created vulnerabilities to credit deterioration.
Our
Governance Assessment focuses principally on the interactions between a
company’s management, its Board of Directors, Shareholders and other financial
stakeholders.
CONTRAVENTION
Subject
is not known to have contravened any existing local laws, regulations or
policies that prohibit, restrict or otherwise affect the terms and conditions
that could be included in the agreement with the subject.
FOREIGN
EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US
Dollar |
1 |
Rs.40.38 |
|
|
1 |
Rs.81.88 |
|
Euro |
1 |
Rs.55.52 |
SCORE
& RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
63 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial condition (40%) Ownership background
(20%) Payment record (10%)
Credit history (10%) Market trend (10%) Operational size (10%)
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses
an extremely sound financial base with the strongest capability for timely
payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses
adequate working capital. No caution needed for credit transaction. It has
above average (strong) capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial
& operational base are regarded healthy. General unfavourable factors will
not cause fatal effect. Satisfactory capability for payment of interest and
principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable
& favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
|
11-25 |
Ca |
Adverse
factors are apparent. Repayment of interest and principal sums in default or
expected to be in default upon maturity |
Limited with full security |
|
<10 |
C |
Absolute
credit risk exists. Caution needed to be exercised |
Credit not recommended |
|
NR |
In view
of the lack of information, we have no basis upon which to recommend credit
dealings |
No Rating |
|