MIRA
INFORM REPORT
|
Report Date : |
04.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
PEC LIMITED |
|
|
|
|
Registered Office : |
'Hansalaya', 15, Barakhamba Road, New Delhi - 110 001 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2007 |
|
|
|
|
Date of Incorporation : |
21.04.1971 |
|
|
|
|
Com. Reg. No.: |
005600 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U74899DL1971PLC005600 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELP00390F |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACT0101G |
|
|
|
|
Legal Form : |
A closely held public limited liability company. It is
owned by Ministry of Commerce and Industry, Government of India. |
|
|
|
|
Line of Business : |
Consultancy assignments and execution of turnkey projects
in the field of civil construction, industrial plants, water and sewerage
disposal plants, textile spinning mills, paper project, gas plant, LPG
Cylinder plant, etc. |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 4761000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established and large trading company. Available information indicates high financial responsibility of the company. Financial position is satisfactory. Payments are usually correct and as per commitments. The company can be considered good for normal business
dealings at usual trade terms and conditions. |
LOCATIONS
|
Registered Office : |
'Hansalaya', 15, Barakhamba Road, New Delhi - 110 001,
India |
|
Tel. No.: |
91-11-23322268/23316372/23313356/23314969/ 23315508 |
|
Fax No.: |
91-11-23315279/23314797/23313664 |
|
E-Mail : |
|
|
Website : |
|
|
Telex : |
31-65256 & 65199 PEC-in |
|
Area : |
15000 Sq. ft |
|
Location : |
Rented |
|
|
|
|
Overseas Office: |
Mr. N. G. Nghiem, C/o. Embassy of India 121-122, B-17, Kim Lien, Hanoi, (VIETNAM) |
|
Tel. No.: |
+844-8523475 |
|
Fax No.: |
+844-8523914 |
|
Mobile.: |
+84-91-222695 |
|
E-Mail : |
|
|
|
|
|
Branches : |
55 Chowringhee Road, Kolkata – 700 071, West Bengal, India Maker Chamber IV, (6th Floor), Nariman Point, Mumbai-400021, Maharashtra, India Contact Person : Mr. L. K. Dongre, Branch Manager Tel. No. : 91-22-22840241/22822554/22830902 Fax No. : 91-22-22840241/22024856 E-mail : pecimumbai@peclimited.com Telex : 011-82721 PEC IN Cable : ESTICIENG Chandra Kiran, 2nd Floor, 10-A Kasturba Road, Bangalore – 560 002, Karnataka Contact Person : Mr. S. M. Dongarwar, Branch Head Tel. No. : 91-80-22214750 Fax No. : 91-80-22120327 E-mail : pacbangalore@peclimited.com 143, Greams Road, Thousand Light, Chennai – 600 608, Tamil Nadu Contact Person : Mr. R. S. Harnwal, General Manager Tel. No. : 91-44-28290590 Fax No. : 91-44-28290951 Flat 1A, Jagannath Apartments, Waltair Uplands, Visakhapatanam (VIZAG) – 500 003, Andhra Pradesh Contact Person : Mr. Dhananjay Kumar, Branch Head Tel. No. : 91-891-2710311 Fax No. : 91-891-2710311 E-mail : pecvizag@peclimited.com Flat No. 103, Kaling Building, Behind Bata Super Store, Near Mt. Carmel School, Ahmedabad – 380009, Gujarat, India Contact Person : Mr. Bableesh Kumar, Branch Manager Tel. No. 91-79-26582972 Fax No. 91-79-26580772 E-mail : pecahmedabad@peclimited.com D-7, NU-10-B, Shakti Nagar, Gandhidham, Kutch, Gandhidham – 370203, Gujarat, India Contact Person : Mr. P. K. Ahuja, Branch Head Tel. No. : 91-2836-2236353 Fax No. : 91-2836-2236326 E-mail : peckandla@peclimited.com 401, Parth Appartments, Opposite Lal Bhai Stadium, Surat – Dumas Road, Piplod, Surat – 395007, Gujarat, India Contact Person : Mr. Gurpal Singh, Branch Head Tel. No. : 91-261-23346330 Fax No. : 91-261-23212820 604, Shreeji Vihar, Pandit Nehru Marg, Main Road, Jamnagar – 361006, Gujarat, India Contact Person : Mr. S. C. Sachdeva, Branch Head Tel. No. : 91-288-2751478 Flat No. 8, 1st Floor, Halona Apartments, St. Mary’s Colony, Miramar, Panaji, Goa – 403001, Contact Person : Mr. V. K. Kathuria, Branch Head Flat No. 2, 8th Floor, Commerce House, 2 Ganesh Chandra Avenue, Kolkata – 700013, West Bengal, India Contact Person : Mr. J. K. Sanyal, General Manager Tel. No. : 91-33-22366106/22348068/22370549 Fax No. : 91-33-22363658 E-mail : peckolkata@peclimited.com Aashiana, Lakhimi Path, K. G. Baruah Road, Guwahati – 781024, Assam, India Contact Person : Mr. B. K. Kapoor, Branch Head Flat No. 706, Pioneer Towers, 1, Marine Drive, Cochin – 682031, Kerala, India Contact Person : Mr. Rajinder Prasad, Branch Head Tel. No. 91-484-2371602 to 09 Extn. : 404 Fax No. 91-484-3630920 301, Lovely Mission, 3rd Floor, 6-3-1090/C/A-301, Somajiguda Raj Bhawan Road, Hyderabad – 500082, Andhra Pradesh, India Contact Person : Mr. S. K. Majumdar, Branch Head Tel. No. 91-40-55666155 Fax No. 91-40-55668332 E-mail : pechyd@pol.net.in 45/1A, 2nd Street, West Briyant Nagar, Tuticorin – 628008, Tamil Nadu Contact Person : Mr. Rajender Kumar, Branch Head Tel. No. 91-461-2391355 Fax No. 91-461-2391355 Flat No. 103, Skyline Enclave, 1st Floor, Door No. 14/3/188/5, Balmatta Road, Mangalore – 575001, Karnataka, India Contact Person : Mr. V. N. Sekaran, Branch Head Tel. No. 91-824-2425200 Fax No. 91-824-2407131 Flat No. SF-3, [3rd Floor], RGR Residency, Veterinary Hospital Road, Near Town Railway Station, Ramaraopet, Kakinada – 533004, Andhra Pradesh, India Contact Person : Mr. R. K. Jain, Branch Head Tel. No. 91-884-2359090 Fax No. 91-884-2359090 E-mail : peckakinada@peclimited.com |
DIRECTORS
|
Name : |
Mr. Anil Kumar Srivastava |
|
Designation : |
Chairman & Managing Director |
|
Address : |
15-Barakhamba Road, New Delhi - 110 001 |
|
Date of Birth/Age : |
25th June, 1947 |
|
Qualification : |
B.SC (Engineering) |
|
Date of Appointment : |
25th May, 1998 |
|
|
|
|
Name : |
Mr. Tejinder Pal Singh Narang |
|
Designation : |
Whole time Director |
|
Date of Birth/Age : |
14th September, 1948 |
|
Date of Appointment : |
17th May, 1993 |
|
|
|
|
Name : |
Mr. Arun Kumar Mirchandi |
|
Designation : |
Whole time Director |
|
Date of Birth/Age : |
12th September, 1957 |
|
Date of Appointment : |
01st March, 2002 |
|
|
|
|
Name : |
Mr. Vijay Kumar Gauba |
|
Designation : |
Director |
|
Date of Birth/Age : |
15th February, 1959 |
|
Date of Appointment : |
14th June, 2001 |
|
|
|
|
Name : |
Mr. Ashok Kumar Monga |
|
Designation : |
Company Secretary |
|
Date of Birth/Age : |
27th July, 1954 |
|
Date of Appointment : |
01st December, 1997 |
|
|
|
|
Name : |
Mr. Birendra Bihari Madhukar |
|
Designation : |
Director |
|
Date of Birth/Age : |
10th October, 1943 |
|
Date of Appointment : |
08th September, 1998 |
|
|
|
|
Name : |
Mr. Kulvinder Singh Sawhney |
|
Designation : |
Director |
|
Date of Birth/Age : |
15th November, 1951 |
|
Date of Appointment : |
07th October, 2003 |
|
|
|
|
Name : |
Mr. Harish Chandra Jayal |
|
Designation : |
Director |
|
Date of Birth/Age : |
06th October, 1946 |
|
Date of Appointment : |
30th November, 2000 |
|
|
|
|
Name : |
Mr. V D Alam |
|
Designation : |
Director |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders |
No. of Shares |
|
The President of India |
149998 |
|
Mr. Anil Kumar Srivastava |
1 |
|
Mr. Vijay Kumar Gauba |
1 |
|
|
|
|
Total |
150000 |
BUSINESS DETAILS
|
Line of Business : |
Consultancy assignments and execution of turnkey projects
in the field of civil construction, industrial plants, water and sewerage disposal
plants, textile spinning mills, paper project, gas plant, LPG Cylinder plant,
etc. |
||||||||||
|
|
|
||||||||||
|
Products : |
|
||||||||||
|
|
|
||||||||||
|
Exports : |
|
||||||||||
|
Countries : |
· Afghanistan ·
Ambulance vans to Namibia and Togo |
||||||||||
|
|
|
||||||||||
|
Imports : |
|
||||||||||
|
Countries : |
· U. K. · U.A.E. · Dubai · Switzerland · Russia · Sri Lanka · China · Japan · Australia · Singapore ·
South Africa |
||||||||||
|
|
|
||||||||||
|
Terms : |
|
||||||||||
|
Selling : |
Contract, L/C or other terms |
||||||||||
|
|
|
||||||||||
|
Purchasing : |
Contract, L/C or other terms |
GENERAL
INFORMATION
|
Suppliers : |
· Supreme & Company, Kolkata · Rashtra Udyog Limited, Kolkata · Hindustan Vidyut Products Limited, New Delhi · Greaves Limited, Mumbai ·
Aksh India Limited, New Delhi |
|
|
|
|
No. of Employees : |
250 |
|
|
|
|
Bankers : |
· State Bank of India, New Delhi - 110 001 · State Bank of India, Mumbai · Indian Overseas Bank, New Delhi - 110 001 · Central Bank of India, New Delhi - 110 001 · UTI Bank, New Delhi - 110 001 · IDBI Bank, New Delhi - 110 001 · Vijaya Bank · ICICI Bank · State Bank of Mysore · Punjab National Bank ·
Canara Bank |
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
D. S. Rawat and Company Chartered Accountants |
|
|
|
|
Associates/Subsidiaries : |
All Government of India Companies |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.100/- each |
Rs. 20.000 millions |
|
|
|
|
|
|
|
Total |
|
Rs. 20.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.100/-
each |
Rs. 20.000
millions |
|
|
|
|
|
|
|
Total |
|
Rs. 20.000 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 |
20.000 |
20.000 |
20.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
932.200 |
726.500 |
628.300 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
952.200 |
746.500 |
648.300 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
190.000 |
0.000 |
1612.200 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
190.000 |
0.000 |
1612.200 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1142.200 |
746.500 |
2260.500 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
10.000 |
10.100 |
10.400 |
|
|
Capital work-in-progress |
0.000 |
0.500 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
77.100 |
77.100 |
77.100 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1466.300
|
685.500 |
1995.900 |
|
|
Sundry Debtors |
14682.600
|
9168.500 |
6993.100 |
|
|
Cash & Bank Balances |
2106.400
|
814.500 |
19511.800 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
613.300
|
752.100 |
1424.700 |
|
Total
Current Assets |
18868.600
|
11420.600 |
29925.500 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
17379.200
|
10390.700 |
27477.900 |
|
|
Provisions |
434.300
|
371.100 |
274.600 |
|
Total
Current Liabilities |
17813.500
|
10761.800 |
27752.500 |
|
|
Net Current Assets |
1055.100
|
658.800 |
2173.000 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1142.200 |
746.500 |
2260.500 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
Sales Turnover |
45179.100 |
37254.300 |
59613.200 |
|
|
Other Income |
1110.100 |
909.100 |
2540.500 |
|
|
Total Income |
46289.200 |
38163.400 |
62153.700 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
418.500 |
206.800 |
233.600 |
|
|
Provision for Taxation |
143.000 |
74.300 |
88.000 |
|
|
Profit/(Loss) After Tax |
275.500 |
132.500 |
145.600 |
|
|
|
|
|
|
|
|
Imports : |
|
|
|
|
|
|
Raw Materials |
46101.100 |
36373.000 |
60294.900 |
|
Total Imports |
46101.100 |
36373.000 |
60294.900 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Excise Duty |
0.000 |
0.000 |
0.000 |
|
|
Power and Fuel Cost |
2.900 |
2.800 |
2.900 |
|
|
Other Manufacturing Expenses |
3.000 |
3.400 |
3.400 |
|
|
Employee Cost |
116.200 |
165.200 |
82.000 |
|
|
Selling and Administration Expenses |
66.300 |
71.400 |
58.900 |
|
|
Miscellaneous Expenses |
356.000 |
23.100 |
15.300 |
|
|
Interest and Financial Charges |
0.900 |
2.200 |
1.800 |
|
|
Depreciation |
5.100 |
5.100 |
5.100 |
|
|
Stock Adjustments |
(780.800) |
(1310.400) |
(1455.800) |
|
|
Other Expenditure |
46101.100 |
38993.800 |
63206.500 |
|
Total Expenditure |
45870.700 |
37956.600 |
61920.100 |
|
KEY RATIOS
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
Debt-Equity Ratio |
0.11 |
1.16 |
3.52 |
|
Long Term Debt-Equity Ratio |
0.00 |
0.00 |
0.00 |
|
Current Ratio |
1.05 |
1.03 |
1.02 |
|
TURNOVER RATIOS |
|
|
|
|
Fixed Assets |
951.14 |
826.04 |
1436.46 |
|
Inventory |
41.99 |
27.79 |
21.89 |
|
Debtors |
3.79 |
4.61 |
6.68 |
|
Interest Cover Ratio |
466.00 |
95.00 |
130.78 |
|
Operating Profit Margin(%) |
0.94 |
0.57 |
0.40 |
|
Profit Before Interest And Tax
Margin(%) |
0.93 |
0.56 |
0.39 |
|
Cash Profit Margin(%) |
0.62 |
0.37 |
0.25 |
|
Adjusted Net Profit Margin(%) |
0.61 |
0.36 |
0.24 |
|
Return On Capital Employed(%) |
44.41 |
13.90 |
8.73 |
|
Return On Net Worth(%) |
32.44 |
19.00 |
24.39 |
LOCAL AGENCY
FURTHER INFORMATION
History:
PEC Limited formally known as (Projects and Equipment
Corporation) started as a gateway for the export of engineering products and
railway equipment 26 years ago. Today it is an international engineering &
trading organisation for a diverse range of products and its turnover is valued
at around US $ 250 million.
PEC Ltd has over the years,came to be recognized as a realiable source for
project expertise in a spectrum of engineering fields like
consultancy,technical & engineering services right from conceptualising to
commissioning on a turn key basis. It has emerged one of the largest trader in
commodities from India which includes Wheat,Rice,Sugar,Maize,Kerosene
etc.
In 2000-01 PEC has secured a turnkey contract for setting up 20,000 spindle
textile spinning mill worth Rs.197 million in Vietnam. It has also successfully
developed export of aluminium alloy strip to Vietnam for manufacture of
electric bulbs and expects more business to come.The company has completed
contract for modernisation of Paper project worth Rs.59.6 million in
Guyana.
The Company also took part in Techmart India Exhibition held in New Delhi in
November 2000.
PEC Ltd is planning to increase engineering exports in select thrust markets in
SAARC,South East Asia,Africa,West Asia.
New
Initiatives:
PEC continues to strive for new markets, new products and new associates. We
are targeting thrust countries for export of turnkey projects, engineering
equipment and manufactured goods in Africa, Asia, Latin America and
Caribbeans.
PEC has initiated steps for both backward and forward linkages for assured
supply and sale of coal. We have also identified new opportunities in the
trading of agro commodities where we take positions on our own. We also plan to
enter future trading gradually to hedge price risk.
Exports:
During the year, PEC secured contracts for setting up 2000 TPD Clinker Grinding
Plant worth Rs. 445 million in Benin, against stiff competition.
In respect of contract for pre-fabricated steel structures for 400 units worth
Rs.112 million in Sierra Leone secured last year, supplies worth Rs.41.42
million were made during the year. Erection and commissioning work is in
progress and expected to be completed by end 2007.
Other major exports during the year were Cables and Transformers to Bhutan and
Nepal, Conductors to Mauritius and Line Hardware to Nepal and Syria, etc.
Medical and healthcare supplies worth Rs. 75 million were exported to Zambia,
Malawi, Ethiopia and Sri Lanka.
Exports of rice, sugar, maize and soyameal aggregate to Rs. 1808.08
million.,
Defence stores and goods worth Rs. 442.64 million were also exported during the
year.
Cotton yarn and fabric worth Rs. 183.7 million were exported to various
countries.
Imports:
PEC's import turnover of Rs. 38305.47 million during the year increased from
last year's Rs. 31844.29 million. Bullion import aggregate to Rs.12853.23
million during the year.
PEC undertook bulk import of coal, zinc, cement clinker, manganese ore, staple
fibre, petroleum products, industrial chemicals, diamonds, etc. during the
year.
Agricultural commodities like wheat, pulses and jute were also imported during
the year
Domestic Trade:
Braving intense competition, PEC secured contracts for supply, erection and commissioning
of Power Sub station and Transmission Line projects worth Rs. 800 million from
Karnataka Power Corporation. The work at site is in progress and the projects
are scheduled to be completed in 2007.
During the year, domestic sales in wheat, pulses, cotton yarn, coal, zinc,
steel, defence stores, etc. aggregate to Rs. 3305.89 million.
Subsidiary Company:
Tea Trading Corporation of India Ltd., a wholly-owned subsidiary of your
Company is still under winding up process by Official Liquidator appointed by
Hon'ble High Court at Calcutta.
Export Excellence:
During the year, Engineering Export Promotion Council (Northern Region) awarded
Regional Trophy for Top Exporters to PEC in appreciation of its outstanding
export performance during the year 2003-04.
Trading In Agricultural Products
PEC has established itself
as a reliable trader of rice, wheat, soyabean/meal, edible oil, sugar, corn
etc. and has emerged as one of the largest traders in commodities from India.
With expertise gained over years as a consistent player in the international
agro commodity market, PEC is able to source agro commodities from world over
to meet the requirements of Indian buyer and also able to export agro
commodities of Indian produce.
For Commodity-wise details,
please click on following:
- Edible Oil
- Rice
- Wheat
- Sugar
- Soyabean/meal
- Corn
- Agro
Export of Projects, Capital Goods and
Engineering Equipment
PEC LIMITED is fully equipped to translate clients concepts into viable
projects, in association with leading Indian suppliers of technology and
equipment. Acting as a consortium leader or prime contractor, PEC Limited
provides the client with a single window solution, thus saving them from the
complexities of multiple contracting.
During the last thirty years, PEC Ltd. has successfully completed 50
projects in 22 countries spread across three continents. A majority of these
cater to the basic needs of the people living there. Agro based projects in
particular, and textile projects in general have contributed to employment and
economic growth in these areas.
Efforts are also being made to supply plant and machinery for setting
up projects in the medium and small scale sectors in developing countries using
appropriate technology available in India.
Projects undertaken by PEC are mainly in the following
sectors:
Textile Projects
- 25,000
spindles spinning plant for Kohinoor Texile Mills, BTMC, Bangladesh
- 25,000
spindles spinning unit for Rajshahi Textile Mills, BTMC, Bangladesh
- 25,000
spindles spinning unit for Dinajpur Textile Mills, BTMC, Bangladesh
- Spinning,
weaving and finishing machineries for 8 textile mills under Bangladesh
Textile Mills Corporation
- Spinning,
weaving machinery and auxiliary equipment for Kukje Textile Co., South
Korea
- 300 Silk
Looms and associated equipment for Marikas Overseas Limited, Hongkong
- Plant and
machinery for textile mills under General Organisation of Industries,
Eqypt
- 15,000
spindles spinning mill for P.T. Vastra Indah, Indonesia
- Processing and
Finishing mill machineries under Phase – I modernization of Nam Dinh
Mills, Technoimport, Vietnam
- Acrylic
Blanket Unit of capacity 1 million per annum for Sonitex, Algeria
- Plant and
machinery for phase-II modernization of Nam Dinh Textile Mills, Technoimport,
Vietnam
- 10,000
spindles spinning plant for Vinh-Phu Textile Mills, Vietnam
- 20,000
spindles spinning plant for Thang Loi Textile Company, Vietnam
- Textile
Processing plant for Myanma Textile Industries, Myanmar
Agro related Projects
- 200 TPD capacity
Sugar Plant for West Kenya Sugar Company, Kenya
- Pineapple
Processing Plant for Uganda
- Tea
processing machinery for Nghe Tinh Province Tea Factory, Vietnam
- Complete Tea
machinery for operation of 4 lines at La Pipe Tea Factory, Mauritius
- Balancing,
Modernisation and Rehabilitation of 3 Sugar Mills under Bangladesh Sugar
Industries and Food Corporation
- CTC Tea
Factory of capacity 25,000 leaves per day for Ministry of Plantation, Sri
Lanka
- Tea Packing
machinery for Samarkand Tea Factory, Uzpisheprom, Uzbekistan
- 2 Paddy Mills
with par-boiling facilities of capacity 2 TPH for Cooperative Wholesale
Establishment, Sri Lanka
- Orthodox Tea
Factory of capacity 12,000 leaves per day for Kalubowitiyana Tea Factory
Limited, Sri Lanka
- PP Tape and
Polysack Plant for Wray’s Enterprise Limited, Guyana
Projects in Electrical and related sectors
- 70 kms. 132
KV Transmission Line project for Dubai Electricity Company, UAE
- Lighthouse
Lighting Project for Ministry of Transport, Malaysia
- Telecommunication
Network and Cabling project for Mauritius Telecom
- Electrical
Concrete Pole Factory for Nepal Electricity Authority
- Electrical
Concrete Pole Factory for FLAPEC, Sri Lanka
- INSAT based
satellite MDD Reception System for Bangladesh Meteorological Department
- PVC Cable
Manufacturing Plant for Myitmakha Engineers Limited, Myanmar
Paper Mill Projects
- Balancing,
Modernisation, Rehabilitation and Expansion of North Bengal Paper Mills,
Bangladesh
- 25 TPD Kraft Liner
and Corrugated Medium Paper Plant for Seals and Packaging Industries
Limited, Guyana
- Paper
Recycling plant for Caribbean Container Inc., Guyana
Cement Plants
- 2000 TPD
Rotary Kiln Cement Plant for P.T. Semen Padang, Indonesia
- 200 TPD
Cement Grinding Mills for Karim Cement Limited, Bangladesh
- 300 TPD VSK
Cement Plant for Mineradora Carmocal Ltda., Brazil
- 100 TPD VSK
Cement Plant for Scirocco Enterprise Limited, Zambia
Industrial Plants
- 70 TPD
Boilers for Bangladesh Chemicals Industries Corporation
- Continuous
Casting Plant for Southern Steel Union, Vietnam
- Tabletting
Plant for Regal Pharmaceuticals, Kenya
- Baggage
Conveyor System for 3 airports, Ethiopia
- Oxygen Gas
Plant for Myanmar Tools and Electrical Industries
- Acetylene Gas
Plant for Myanmar Tools and Electrical Industries
- LPG Cylinder
Manufacturing Plant for Myanmar Tools and Electrical Industries
- Industrial
Fasteners Unit for Myanmar Tools and Electrical Industries
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 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.42.53 |
|
UK Pound |
1 |
Rs.83.44 |
|
Euro |
1 |
Rs.66.18 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
9 |
|
PAID-UP CAPITAL |
1~10 |
9 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
9 |
|
--LIQUIDITY |
1~10 |
9 |
|
--LEVERAGE |
1~10 |
9 |
|
--RESERVES |
1~10 |
9 |
|
--CREDIT LINES |
1~10 |
9 |
|
--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 |
|
81 |
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 |
|