MIRA
INFORM REPORT
|
Report Date : |
02.11.2007 |
IDENTIFICATION
DETAILS
|
Name : |
HOLOSTIK INDIA LIMITED |
|
|
|
|
Registered Office : |
50, Adhchini Sri Aurbindo Marg, New Delhi 110017 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2007 |
|
|
|
|
Date of Incorporation : |
13.02.1991 |
|
|
|
|
Com. Reg. No.: |
55-43077 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U51909DL1991PLC043077 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELH01752C |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACH0239F |
|
|
|
|
Legal Form : |
A Closely Held
Public Limited Liability Company. |
|
|
|
|
Line of Business : |
Manufacturer of Security Hologram, Holographic Films and Allied Holographic
Products. |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 984000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and reputed company having fine
track. Available information
indicates high financial responsibility of the Company. Trade relations are reported as fair. Business is active. Payments are usually correct and as per
commitments. The Company can be considered good for normal business dealing. |
LOCATIONS
|
Registered Office : |
50, Adhchini Sri Aurbindo Marg, New Delhi 110017 |
|
Tel. No.: |
91-11-26518977 |
|
Fax No.: |
91-11-26868828 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
W – 51, Sector – 11, Noida, District Gautam Budh Nagar, Uttar Pradesh
201301, India |
|
Tel No. : |
91-120-2519156/7/8/9 / 2522938 / 2554593 / 254 9056 / 251 9938 |
|
Fax No. : |
91-120-251-9155 |
|
E – mail : |
|
|
|
|
|
Branch : |
|
DIRECTORS
|
Name : |
Mr. Umendra Kumar Gupta |
|
Designation : |
Director |
|
Address : |
1, Anupam Apartments MB Road, Opposite Saket, New Delhi 110068, India |
|
Date of Birth/Age : |
09.06.1954 |
|
Date of Appointment : |
16.07.1993 |
|
|
|
|
Name : |
Mr. Kumar Rupramka |
|
Designation : |
Director |
|
Date of Birth/Age : |
08.07.1946 |
|
Date of Appointment : |
13.02.1991 |
|
|
|
|
Name : |
Mr. Mahender Kumar Gupta |
|
Designation : |
Director |
|
Address : |
B-108, Sarvodaya Enclave, New Delhi 110017, India |
|
Date of Birth/Age : |
14.02.1944 |
|
Date of Appointment : |
12.01.1993 |
|
|
|
|
Name : |
Mr. Ritesh Rupramka |
|
Designation : |
Director |
|
Address : |
A-37, Sector – 17, Noida 201301 |
|
Date of Birth/Age : |
05.08.1973 |
|
Date of Appointment : |
16.07.1993 |
|
|
|
|
Name : |
Mr. Alok Kumar Gupta |
|
Designation : |
Director |
|
Address : |
26-C, Vijay Mandal Enclave, New Delhi 110017, India |
|
Date of Birth/Age : |
02.01.1954 |
|
Date of Appointment : |
14.03.1995 |
|
|
|
|
Name : |
Mr. Sharad Kumar Garg |
|
Designation : |
Director |
|
Address : |
SFS Flat No. 271, Pocket A, First floor, Category, Sarita Vihar, New
Delhi 110044, India |
|
Date of Birth/Age : |
17.03.1954 |
|
Date of Appointment : |
01.03.1997 |
|
|
|
|
Name : |
Mr. Satyadeep Ray |
|
Designation : |
Director |
|
Address : |
House No. H, 14/16, Malaviya, New Delhi 110017, India |
|
Date of Birth/Age : |
17.06.1970 |
|
Date of Appointment : |
19.05.2004 |
|
|
|
|
Name : |
Mr. Ankit Gupta |
|
Designation : |
Director |
|
Address : |
1, Anupam Apartments MB Road, Opposite Saket, New Delhi 110038, India |
|
Date of Birth/Age : |
17.06.1970 |
|
Date of Appointment : |
19.05.2004 |
|
|
|
|
Name : |
Shobhit Gupta |
|
Designation : |
Director |
|
Address : |
Flat No. 1, Anupam Apartments, M. B. Road, New Delhi 110068, India |
|
Date of Birth/Age : |
10.05.1983 |
|
Date of Appointment : |
08.06.2007 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders |
|
Percentage of
Holding |
|
Equity Share
Break-up |
|
|
|
Foreign holdings
|
|
8.80 |
|
Bodies Corporate |
|
10.82 |
|
Director or relatives of Directors |
|
74.23 |
|
Others top fifty [50} shareholders |
|
6.15 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Security Hologram, Holographic Films and Allied
Holographic Products. |
PRODUCTION STATUS
|
Particulars |
|
Unit |
Installed
Capacity |
Actual
Production |
|
Sheets |
|
Tone |
470.20 |
244.57 |
|
Master |
|
Pieces |
900 |
629 |
GENERAL
INFORMATION
|
No. of Employees : |
600 |
|
|
|
|
Bankers : |
State Bank of
India Commercial
Branch, Vardhman Trade Centre, Nehru Place, New Delhi 110019 |
|
|
|
|
Banking Relations
: |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
Vinod Kumar & Associates |
|
Address : |
21A, Ansari Road, Daryaganj, New Delhi 110002, India |
|
|
|
|
Associates/Subsidiaries : |
|
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4000000 |
Equity Shares |
Rs. 10/- each |
Rs. 40.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2500000 |
Equity Shares |
Rs. 10/-
each |
Rs. 25.000
Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
25.000 |
25.000 |
25.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
221.177 |
169.156 |
135.110 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
246.177 |
194.156 |
160.110 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
117.042 |
52.651 |
24.855 |
|
|
2] Unsecured Loans |
2.107 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
119.149 |
52.651 |
24.855 |
|
|
DEFERRED TAX LIABILITIES |
25.851 |
19.922 |
21.762 |
|
|
|
|
|
|
|
|
TOTAL |
391.177 |
266.729 |
206.727 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
274.334 |
151.537 |
132.307 |
|
|
Capital work-in-progress |
23.991 |
50.995 |
26.003 |
|
|
|
|
|
|
|
|
INVESTMENT |
15.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
34.104
|
22.012 |
17.793 |
|
|
Sundry Debtors |
95.888
|
92.670 |
58.995 |
|
|
Cash & Bank Balances |
12.375
|
7.643 |
31.040 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
18.354
|
13.978 |
13.083 |
|
Total
Current Assets |
160.721
|
136.303 |
120.911 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
66.466
|
59.731 |
62.489 |
|
|
Provisions |
16.403
|
14.247 |
10.005 |
|
Total
Current Liabilities |
82.869
|
73.978 |
72.494 |
|
|
Net Current Assets |
77.852
|
62.325 |
48.417 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
1.872 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
391.177 |
266.729 |
206.727 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
Sales Turnover |
398.466 |
367.164 |
407.314 |
|
|
Other Income |
0.580 |
2.815 |
1.072 |
|
|
Total Income |
399.046 |
369.979 |
408.386 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
87.913 |
56.810 |
64.680 |
|
|
Provision for Taxation |
- |
- |
26.555 |
|
|
Profit/(Loss) After Tax |
87.913 |
56.810 |
38.124 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Raw Material Consumed |
90.574 |
85.392 |
0.000 |
|
|
Material and Manufacturing Expenses |
0.000 |
0.000 |
184.501 |
|
|
Personal Expenses |
0.000 |
0.000 |
45.072 |
|
|
Selling and Distribution Expenses |
0.000 |
0.000 |
107.204 |
|
|
Purchases made for re-sale |
3.645 |
7.196 |
0.000 |
|
|
Consumption of stores and spares parts |
12.260 |
8.487 |
0.000 |
|
|
Increase/(Decrease) in Finished Goods |
[3.127] |
2.785 |
0.000 |
|
|
Salaries, Wages, Bonus, etc. |
52.063 |
43.192 |
0.000 |
|
|
Managerial Remuneration |
6.533 |
6.249 |
0.000 |
|
|
Payment to Auditors |
0.280 |
0.285 |
0.000 |
|
|
Interest |
6.044 |
3.857 |
1.977 |
|
|
Insurance Expenses |
1.689 |
1.785 |
0.000 |
|
|
Power & Fuel |
5.938 |
4.915 |
0.000 |
|
|
Depreciation & Amortization |
12.612 |
9.467 |
8.257 |
|
|
Other Expenditure |
122.619 |
139.559 |
0.000 |
|
Total Expenditure |
311.130 |
313.169 |
347.011 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
22.03
|
15.36 |
9.33 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
22.06
|
15.47 |
15.87 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
20.20
|
19.73 |
25.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35
|
0.29 |
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.82
|
0.65 |
0.60 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.93
|
1.84 |
1.60 |
LOCAL AGENCY
FURTHER INFORMATION
Form 8
Bankers Charges
Report as per Registry
|
This Form is for |
Modification of charge |
|
Charge identification
number of the charge to be modified |
90033294 |
|
Corporate
identity number of the company |
U51909DL1991PLC043077 |
|
Name of the
company |
HOLOSTIC INDIA
LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
50, Adhchini Sri Aurbindo Marg, New Delhi 110017, India |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
State Bank of
India Commercial
Branch, Vardhman Trade Centre, Nehru Place, New Delhi 110019 |
|
Nature of
description of the instrument creating or modifying the charge |
Copy of recitals
attached |
|
Date of
instrument Creating the charge |
28.03.2007 |
|
Amount secured by
the charge |
Rs. 219.800
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
[a] Rate of
Interest Cash Credit : 25%
below SBAR. Term Loan : 1.25%
below SBAR Corporate Loan :
0.25% below SBAR [b] Terms of
Repayment Term Loan : 60 monthly
installments of Rs. 1.675 Millions first installments on 1.01.2007. Corporate Loan : 16 quarterly installments
of Rs. 1.500 from 1.10.2005 [c] Margin RM/SIP/FG : 25% Receivable : 30% LC/BG : 15% [d] Extent and
operation of the charge For the entire
credit limits sanctioned. |
|
Short particulars
of the property charged |
1 B-07,
Chak/Khasra No. 180, Green Park, Village Dibdiba, Tehsil : Bilaspur, District
Rampur, U.P. 2, Private Plot No. 10, 504/2 min. Sunny Dels colony, Rudrapur
(Dehat), The : Kicha, District U. S. Nagar Uttaranchal 3, C-57, Chak/Khasra
No. 180, Green Park, Village Dibodiba, Tehsil : Bilaspur, District Rampur,
U.P. 4, A – 56, Chak/Khasra No. 108, Green Park, Village Dibdiba, Tehsil :
Bilaspur, District Rampur, Utter Pradesh |
|
Date of latest
modification prior to the present modification |
NA |
|
Particulars of
the present modification |
EM for the
properties created for the credit facilities of Rs. 219.800 Millions |
|
Name of the company |
HOLOSTIC INDIA LIMITED |
|
Presented By |
U. K. GUPTA MANAGING DIRECTOR |
|
1) Date and description of instrument creating the change |
01.11.1994 agreement for cash credit term loan against hypothecation
of stock and book debts and others dated 01.11.1994 registered on 12.12.1995 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 5.400
Millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Stock of raw
material, WIP, finished goods, Book Debts of the Company movable plant and
machinery, equipment, furniture, motors and all type of transport vehicles,
immovable land and building. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
0.25% below SBAR
effective Rate 10% |
|
5) Name and Address and description of the person entitled to the charge. |
State Bank of
India Commercial
Branch, Vardhman Trade Centre, Nehru Place, New Delhi 110019 |
|
6) Date and brief description of instrument modifying the charge |
Supplementary
agreement dated 20.06.2005 equitable mortgage of E-10, Sector 3, Noida, W –
50, Noida of the Company. |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
From Rs. 66.500
Millions to Rs. 94.100 Millions cash
credit Rs. 35.000 Millions Term Loan Rs.
5.100 Millions L.C. Rs. 15.000 Bank Guarantee
Rs. 15.000 Millions |
AS PER WEBSITE DETAILS :
Incorporated
in February 1991, Subject played a pioneering role in the introduction and
popularization of security holograms in India.
Today,
Subject has emerged as one of the premier holographer amongst all the
holographers across the globe.
Subject
is the undisputed market leader having the largest number of customers and
enjoys more than 50% of the market for Security Holograms in India.
Subject
operates under the flagship of Ukay Group of Companies headed by Mr. U.K. Gupta
(Chairman and Managing Director).
The
Marketing network includes 13 centers at strategic locations in India and four
locations abroad viz. Katmandu (Nepal), Dhaka (Bangladesh), Dubai (UAE) and
Colombo (Sri Lanka). The entire marketing operation is handled by a team of
competent and dynamic marketing personnel.
Subject
achieved a turnover of Rs. 420.00 Million ($ 9.8 Million / € 7.9 Million)
in the Financial Year 2004-2005 and is aiming at a turnover of Rs. 500.00 Million
($ 11.62 Million / € 9.42 Million) for the current Financial Year 2005-2006
and the turnover is growing at a very fast rate every year.
Their Credentials
Manpower
of more than 300 in Holostik and 600 in the group
More
than 50% market share
Exporting
to 17 countries
13
offices across the nation and 4 overseas
6
production facilities
An
ISO 9001:2000 Company
IHMA:
The first Indian Company to have been accorded the coveted status of “Full
Member” by the “International Hologram Manufacturers Association” (IHMA),
U.K./U.S.A. who have drawn up a Code of Practice intended to promote ethical
business practices and the highest standards by its members.
HoMAI:
It is due to the initiative of their Chairman that the Hologram Manufacturers
Association of India (HoMAI) was constituted in 1998. HoMAI has also drawn up a
Code Of Practice intended to promote ethical business practices and the highest
standards by its members.
They
have a technology tie-up with one of the world renowned holographers based in
Europe, giving them
·
Access
to advanced techniques of master origination (key factor in holography)
·
Continuous
exposure to technological developments in international holography.
One
of the few companies in the world to have fully integrated and modern
manufacturing facilities, under one roof and under a high security environment.
Sophisticated
master origination facility (Both Conventional Master Origination Laboratory
and High Security Dot Matrix System [12000Dpi & 3000 Dpi]), with
state-of-the-art laboratory equipment (imported from Europe), manned by highly
qualified foreign-trained professionals.
High
security environment at their Works (most critical in the holography industry) with
round-the-clock vigil by security personnel, access control; video
surveillance, and special vaults and safes for archival of masters and storage
of production plates.
They
ensure 100% guarantee of confidentiality/ secrecy of customer-related
information of a sensitive nature.
Comprehensive
in-house quality control measures including totally controlled and dust free
atmosphere.
Continuous
in-house R & D activities e.g they have developed new security features in
master origination under their nomenclatures “Anigram”, “Dubagram” and
“Clickogram”
Technically
qualified, experienced personnel of high integrity ensuring professional
management of their works, complemented by a dedicated work force, the whole
team committed to customer satisfaction.
Today
they can provide any type of security solution for brand and document
protection. They have various kinds of security holograms having different
level of security features (starting from 2D/3D Holograms to very high security
hologram with features like animation, kinetic effect, micro lettering, covert
images, animated covert images, concealed images, animated concealed images,
nano text, high resolution line pattern also called guilloche pattern etc.).
PRODUCTS :
v
Hologram
·
Sheet Form: The holograms are supplied in sheet form suitable for
manual application. Each Sheet is serially numbered for proper accountability
of the holograms. There is no gap required between two hologram for square
hologram with sharp edge corners, but a gap of 3 mm is required for circular
and rounded corner holograms.
Recommended for: Brand
Protection, Document Protection, Brand Promotion, Aesthetic look etc.
v Spool Form: The holograms are
supplied in spool form with a gap of minimum 2.5-3 mm between two holograms.
These holograms can be applied both manually and automatically using automatic
dispensing machine.
Recommended for: Brand
Protection, Document Protection, Brand Promotion, Aesthetic look, High Volume
Product, suitable for line induction etc.
v
Holographic Strip
The impression/
images of the hologram are embossed on lacquered (tamper evident coating),
mettalized polyester film and then a special heat activated adhesive coating is
provided in the foil which enables the user to laminate the holographic strip
to the substrate using an attachment in the customer's existing lamination
machine or using an automatic lamination machine.
Recommended
for:
Brand Protection, continuous Affixation etc.
v
Holographic Hot Stamping Foil
The
impression/images of the hologram are embossed on lacquered, mattalized
polyester film and then a special hot melt coating is provided in the foil
which enables the user to transfer the holographic image to the substrate using
hot stamping machine. They can provide both registered and unregistered image
in form of Hot Stamping Foil. The supply of these type of holograms are made in
spool form.
Recommended
for:
Documents, Cards, Tax Labels etc.
v Holographic Wads
The holographic
image is laminated with Aluminum foil and later coated with wax and LDPE for
making hologram induction sealing wads. The hologram induction sealing wads can
be used like normal wads, but provide that extra security.
Recommended
for:
Containers, Bottles etc.
v Holographic Pouch
Holographic
pouch is a combination of flexible printing technology with optical (Hologram)
technology. The general polyster film used in flexible packaging is substituted
by holographic film. Highest level of optical security features can be combined
with printing technology to provide a highly secured pouch further enhancing
its aesthetic looks.
Recommended for: Any product which has pouchy
application etc
v Holographic Labels
Holographic
labels can provide both aesthetic looks and security in a single label.
Holostik can provide very cost effective solutions to easily allow users to
incorporate a variety of information and security features (UV ink, magnetic
inks, inkjet numbering etc) in the holographic label.
Recommended
for:
For all kinds of Label Application etc.
v Holographic
Scratch
To protect
scratch off plastic cards, telephone cards, lottery cards etc.) From
counterfeiting, Holostik India Limited has developed new Holographic Scratch
off foils. These holographic foils gather the characteristics of the
conventional scratch off foils.
·
Easy and clean scratch of high opacity.
·
Authentication thanks to the holographic image.
·
Multiple security features available with the originations.
·
Protection against alteration thanks to the substrates used which
are destroyed in case any removal attempt
Recommended for: Telephone cards, pre-paid cards, promotion
coupons etc.
v Holographic Board
The holographic
impressions / images are transferred on the paper board which can be widely
used in various packaging applications. Holographic board can also have various
levels of optical security features and supports all kind of printing.
Recommended
for:
Box packaging etc.
v Holographic
Aluminum Foil
The holographic
impressions are transferred on aluminum foil which can be widely used specially
in pharma packaging. The existing aluminum foil is replaced by holographic
aluminum foil and can be overprinted as the customer requirement. Holographic
Aluminum foil provides extra level of security because of presence of optical
security features.
Recommended
for:
Pharma packaging, Tag Foil (to cover the opening of the containers like milk
powder) etc.
v Holographic
Transparent Laminate
Holographic
transparent laminates to protect identity documents against the thread of
counterfeit and forgery. Mainly used to protect identification document,
matriculation certificates, permits, etc.
Recommended
for:
Identification document, matriculation certificates, permits etc.
v Holographic
Breakable Vinyl
Holographic Breakable Vinyl is a specialized temper evident paper
label which is 100% self destructive in nature. This label contains fibers, so
it cannot be removed from the original surface by any means.
Holographic Breakable Vinyl can also combine both optical & printing
technology thereby giving highly secured product.
Recommended
for:
Jewellery, Sports goods label etc.
v Holographic Wide
Web Film
Holographic
wide web film (upto 40 inches) is intended for packaging industry. They can
supply holographic wide web film in both PET (minimum thickness 12 microns) and
BOPP (minimum thickness 19 microns).
Recommended
for:
Flexible packaging, gift wrapping etc.
v Shrink Sleeves
with Holography
Holographic shrink sleeves are a reliable security solution to
protect branded drinks against counterfeit and refilling. Their sleeves
incorporate a tamper-evident holographic stripe safely attached to the inside
of the sleeve. The stripe is “reverse originated” with their proprietary
electron beam technology.
Recommended
for:
Bottle packaging, containers etc.
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records 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. 39.37 |
|
UK Pound |
1 |
Rs. 81.82 |
|
Euro |
1 |
Rs. 56.83 |
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 |
8 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--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. |
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 |
|