MIRA
INFORM REPORT
|
Report Date : |
13.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
CADMACH MACHINERY COMPANY PRIVATE LIMITED |
|
|
|
|
Registered Office : |
“Zydus Tower” Satellite Cross Roads Ahmedabad-380015, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2006 |
|
|
|
|
Date of Incorporation : |
06.09.1973 |
|
|
|
|
Com. Reg. No.: |
04-2373 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U68186GJ1973PTC002373 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
AHMC01308G |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACC6242R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer, Seller and Exporter of Pharmaceutical and Machines and their spare parts. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 300000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having satisfactory track. General financials are reported as good. Payments are correct and as per commitments. The company can be considered good for normal business dealings at usual trade terms and conditions. |
INFORMATION PARTED
BY
|
Name : |
Mr. P.D. Modh |
|
Designation : |
Deputy General Manager |
|
Date : |
11.06.2008 |
LOCATIONS
|
Registered Office : |
“Zydus Tower” Satellite Cross Roads Ahmedabad-380015, Gujarat, India |
|
|
|
|
Head Office/ Factory : |
Plot No. 3604 and 3605, GIDC, Phase IV, Vatva, Ahmedabad – 382445, Gujarat, India |
|
Tel. No.: |
91-79-25841491-3/25841717/53 |
|
Fax No.: |
91-79-25842602 |
|
E-Mail : |
|
|
Website: |
|
|
Area : |
Owned |
|
|
|
|
Corporate Office / Factory/ Head Office: |
101, B- Poonam Chambers, 1st Floor, Shivsagar Estate, Dr. Annie Baseant Road, Worli, Mumbai – 400018. |
|
Tel. No.: |
91-22-24948811/24923331/24948753/24936612 |
|
Fax No.: |
91-22-24938042 |
|
|
|
|
Factory : |
Survey No.417/P, at Village Vinzol, Taluka Daskroi, District Ahmebabad – 382445 |
|
Area : |
50,000 sq.fts. |
|
|
|
|
Delhi Office: |
7-K, Gopala Tower,7th Floor, 25 Rajendra Place,New Delhi -
110 008 |
|
Tel. No.: |
91-11-25733329 |
|
Fax No.: |
91-11-25742842 |
|
|
|
|
Kolkata Office : |
C/o.Business Communication Centre, 21, Parsee Church Street.,
Kolkata – 700001 |
|
Fax No.: |
91-33-22350630 |
|
|
|
|
Hyderabad Office : |
202, Shamshiri Estates, 11-5-423 Redhills,Lakdi-Ka-Pool,
Hyderabad - 500 004 |
|
Tel. No.: |
91-40-26666301 |
|
Fax No.: |
91-40-23372027 |
|
|
|
|
Chennai : |
"Shoba" Flat No:D-2, Third Floor, No:12, 10th
Avenue, Ashoknagar, Chennai - 600 083 |
|
Tel. No.: |
91-44-24899710. |
|
Fax No.: |
91-44-24897804 |
|
|
|
|
Bangalore Office : |
N. J. Chamber, Third Floor, 22/2, Venkatswamy Naidu Road,Opp.
Hotel Harsh, Taskar Town, Bangalore-560051 |
|
Tel. No.: |
91-80 – 22861615 |
|
Fax No. |
91-80- 22927410 |
DIRECTORS
|
Name : |
Mr. J.V. Khambatta |
||||||||||||||||||||||||||||||
|
Designation : |
Chairman cum Managing Director |
||||||||||||||||||||||||||||||
|
Address : |
44, Jawahar Nagar, Sarkhej Road, Ahmedabad – 380007, Gujarat, India |
||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
75 Years |
||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.07.1974 |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Name : |
Mr. Vijay Khambatta |
||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
48 Years |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Name : |
Mr. K. J. Khambata |
||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||
|
Address : |
44, Jawaharnagar Society, Sarkhej Road, Ahmedabad – 380007, Gujarat, India |
||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.09.2006 |
||||||||||||||||||||||||||||||
|
Other Directorship : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Name : |
Mr. P. R. Patel |
||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
52 Years |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Name : |
Mr. S. P Patel |
||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||
|
Address : |
16, Aza Society, Ambawadi, Ahmedabad – 380015, Gujarat, India |
||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
27 Years |
||||||||||||||||||||||||||||||
|
Date of Appointment : |
22.09.2001 |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Name : |
Mr. Mukesh Patel |
||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||
|
Address : |
293, Lane No 16, Sector No. 1, Satyagrah Chhavni, Near Bhavnirzar, Jodhpur, tekra, Ahmedabad – 380051, Gujarat, India |
||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.09.2006 |
||||||||||||||||||||||||||||||
|
Other Directorship : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Name : |
Mr. Patel Pankajbhai Rambhai |
||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||
|
Address : |
16, Aza Society, Ambawadi, Ahmedabad – 380015, Gujarat, India |
||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.03.1953 |
||||||||||||||||||||||||||||||
|
Date of Appointment : |
16.02.1990 |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Name : |
Mr. Jayantbhai Khambatta Vinit |
||||||||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
||||||||||||||||||||||||||||||
|
Address : |
44, Jawahar Nagar, Sarkhej Road, Ahmedabad – 380007, Gujarat, India |
||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.08.1961 |
||||||||||||||||||||||||||||||
|
Date of Appointment : |
16.02.1990 |
KEY EXECUTIVES
|
Name : |
Mr. P.D. Modh |
|
Designation : |
Deputy General Manager |
|
|
|
|
Name : |
Archana Tatu and Associates |
|
Designation : |
Company Secretary |
|
Address : |
205/206, Safari Complex, Paldi, Ahmedabad – 380009. |
|
Tel.: |
91-79-26580949/26568394 |
|
Residence : |
91-79-26760818 |
|
Email: |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Mr. Modi Indravadan Ambalal |
2322 |
10.45 |
|
Mr. Khambhatta Jayantilal Veljibhai |
2940 |
13.24 |
|
Rashil Investment Private Limited |
36 |
0.16 |
|
Pripan Investment Private Limited |
36 |
0.16 |
|
Mr. Modi Indravadan Ambalal |
6 |
0.02 |
|
Mr. Patel Taraben Ramanbhai |
306 |
1.37 |
|
Mr. Modi Indravadan Ambalal |
426 |
1.91 |
|
Mr. Modi Rajiv Indravadan |
426 |
1.91 |
|
Patel Pankajbhai Ramanbhai |
51 |
0.22 |
|
Patel Pankajbhai Ramanbhai |
50 |
0.22 |
|
Mr. Patel Sharvil
Pankajbhai |
100 |
0.45 |
|
Mrs. Patel
Pritiben Pankajbhai |
100 |
0.45 |
|
Mr. Modi
Rajiv Indravadan |
1800 |
8.10 |
|
Mr. Modi
Indravadan Ambalal |
600 |
2.70 |
|
Mr. Modi
Indravadan Ambalal |
600 |
2.70 |
|
Mr. Modi
Indravadan Ambalal |
420 |
1.89 |
|
Mr. Modi
Indravadan Ambalal |
420 |
1.89 |
|
Mrs.
Khambhatta Sardaben Jayantilal |
1854 |
8.35 |
|
Mr.
Khambhatta Vinit Jayantilal |
900 |
4.05 |
|
Mr.
Khambhatta Ketan Jayantilal |
1854 |
8.35 |
|
Mr. Modi
Indravadan Ambalal |
15 |
0.06 |
|
Mr. Modi Indravadan
Ambalal |
255 |
1.14 |
|
Mr. Patel
Pankajbhai Ramanbhai |
6 |
0.02 |
|
Mr. Patel
Pankajbhai Ramanbhai |
50 |
0.22 |
|
Mr. Patel
Pankajbhai Ramanbhai |
306 |
1.37 |
|
Mrs. Patel
Taraben Ramanbhai |
300 |
1.35 |
|
Mrs. Patel
Niranjanaben Kanubhai |
300 |
1.35 |
|
Mr. Patel
Pankajbhai Ramanbhai |
50 |
0.22 |
|
Mrs. Patel
Taraben Ramanbhai |
50 |
0.22 |
|
Mr. Patel
Pankajbhai Rambhai |
2304 |
10.37 |
|
Mr. Patel
Pankajbhai Rambhai |
3317 |
14.94 |
|
Total |
22200 |
100.00 |
Equity Share Breakup (Percentage of Total Equity)
|
Category |
|
Percentage |
|
Directors or Relatives of Director |
|
65.49 |
|
Other top 50 Share Holder |
|
34.19 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Seller and Exporter of Pharmaceutical and Machines and their spare parts. |
|
|
|
|
Exports : |
|
|
Countries : |
USA, UK, Bangaldesh, Sri Lanka, Indonesia, Kenya, etc. |
|
|
|
|
Imports : |
|
|
Countries : |
Europe |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit ( 70% Cash, and 30% Credit) |
|
|
|
|
Purchasing : |
Credit |
GENERAL
INFORMATION
|
No. of Employees : |
More than 550 |
|
|
|
|
Bankers : |
Bank of Baroda |
|
|
|
|
Facilities : |
CC ( 8.500 Millions) (Non Refund 1300.000 Millions) |
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
Mukesh M. Shah and Company Chartered Accountants |
|
Address : |
2nd Floor, H. K. House, Ashram Road, Ahmedabad – 380009 |
|
Tel. No.: |
91-79-26580949/26568394 |
|
|
|
|
Associates/Subsidiaries : |
CADILA Group of Companies |
CAPITAL STRUCTURE
As on 28.09.2007
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25,000 |
Equity Shares |
Rs 100/- each |
Rs. 2.500 Millions |
|
15,000 |
Preference Shares |
Rs 100/- each |
Rs. 1.500 Millions |
|
10,000 |
Unclassified |
Rs 100/- each |
Rs. 1.000 Million |
|
|
Total |
|
Rs. 5.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
22200 |
Equity Shares |
Rs. 100/-
each |
Rs. 2.220
Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
No Financials subsequent to March 2006 is yet available.
Mr. P.D. Modh, Deputy General Manager denied financial and business
details although they gave estimated sales figures.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
2.220 |
2.220 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
76.591 |
65.981 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
78.811 |
68.201 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
8.393 |
8.752 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
8.393 |
8.752 |
|
|
DEFERRED TAX LIABILITIES |
|
4.479 |
5.336 |
|
|
|
|
|
|
|
|
TOTAL |
|
91.683 |
82.289 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
46.245 |
44.266 |
|
|
FIXED ASSETS [Net Block] |
|
0.000 |
0.000 |
|
|
Capital work-in-progress |
|
|
|
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.001 |
0.001 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
39.123 |
35.553 |
|
|
Sundry Debtors |
|
99.982 |
83.203 |
|
|
Cash & Bank Balances |
|
0.347 |
1.942 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
15.388 |
13.323 |
|
Total
Current Assets |
|
154.840 |
134.021 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
95.354 |
83.603 |
|
|
Provisions |
|
14.049 |
12.396 |
|
Total
Current Liabilities |
|
109.403 |
95.999 |
|
|
Net Current Assets |
|
45.437 |
38.022 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
91.683 |
82.289 |
|
PROFIT & LOSS ACCOUNT
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
|
Sales Turnover |
|
|
|
|
Other Income |
|
384.473 |
319.371 |
|
Total Income |
|
384.473 |
319.371 |
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
19.078 |
15.533 |
|
Provision for Taxation |
|
0.000 |
0.000 |
|
Profit/(Loss) After Tax |
|
19.078 |
15.533 |
|
|
|
|
|
|
Total Expenditure |
|
365.395 |
303.838 |
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
|
4.96 |
4.86 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
4.96 |
4.86 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
9.48 |
8.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.24 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
1.49 |
1.53 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.45 |
1.39 |
LOCAL AGENCY
FURTHER INFORMATION
Bankers Charges
Report as per Registry
|
Name of the company |
CADMACH MACHINERY COMPANY PRIVATE LIMITED |
|||||||||||||||
|
Presented By |
MR. VINIT J. KHAMBHATTA, DIRECTOR |
|||||||||||||||
|
1) Date and description of instrument creating the change |
Memorandum of entry i.e. equitable mortgage by deposit of title deeds dated 6.03.2004 (copy enclosed) |
|||||||||||||||
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs 19.000 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 |
Equitable mortgage by way of deposit of title deeds on all that plot no. 3604 and 3605, having total land admeasuring 19600 Sq. meters together with construction standing thereon in phase IV of Gujarat Industrial Development Corporation, situated on the land bearing survey n. 417/p, situated lying and being at Village Vinzol, Taluka Dascroi in the Registration Ditrict Ahmedabad and sub-district Ahmedabad – 5 (Narol) together with all buildings and structures now standing thereon or to be erected heerafter and the plant and machinery attached to the earth or permanently fastened to anything attached to the earth both present and future. |
|||||||||||||||
|
4) Gist of the terms and conditions and extent and operation of the charge. |
The company created equitable mortgage on properties more particularly described in second schedule to the above referred memorandum ef entry for securing the various working capital credit facilities as described hereunder.
Together with interest, additional interest, further interest by way of liquidated damages, interest tax, commitment charges, premia on prepayment or on redemption, guarantee commission, cost, charges and expenses and other moneys payable under Loan agreement / Letters of sanction / Memorandum of sanction / Memorandum of terms and conditions, amended from time to time. |
|||||||||||||||
|
5) Name and Address and description of the person entitled to the charge. |
Bank of Baroda, Ashram Road Branch, Ahmedabad - 380009 |
|||||||||||||||
|
6) Date and brief description of instrument modifying the charge |
N.A. |
|||||||||||||||
|
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. |
N.A. |
Website Details Attached:
CADMACH- Globally trusted name and serving Pharmaceutical
Industries in India and Worldwide since its inception way back in 1967.
CADMACH existence to the
need for sophisticated Pharmaceutical Machinery.
Intensive study, Research, Man-hours
invested to execute state of the art manufacturing practices to earmark current
standards and regulations.
CADMACH® today has
developed appropriate capabilities to compete in the national and international
market. This includes a strong and effective domestic presence, in built
manufacturing capabilities, constant endeavour to introduce new products, wide
spreaded network, backward integration for improving in-house capabilities,
product packaging and above all strength to satisfy global customer.
CADMACH® with its strength and profound experience of more that three
decades is ready to plunge into new avenues to cater the need of Pharmaceutical
Industry.
CADMACH® Duly
awarded twice by Government of India for import substitution. Also recongnised
and acknowledged for their association with UN, UNIDO, WHO for implementing
health care projects worldwide.
Products
Single Stroke
Tabletting Machine SSF3
|
|
|
|
Model |
SSF3 |
|
Version |
Standard |
|
Max. diameter |
19mm |
|
Max. depth of fill |
17.5 mm |
|
Max. output/min. |
85 |
|
Max. operating pressure |
4 tons |
|
|
|
Description :
- The machine is
designed and engineered for small scale production and long life.
- Useful for
research, quality control and small batch production.
- Fine adjustment
of pressure and tablet weight can be made easily, even while the machine
is in operation.
- Automatic and adjustable pressure
overload release device
Single
Stroke Tabletting Machine CMS-15 CMS-25
|
Model |
CMS-15 |
CMS-25 |
|
Version |
Standard |
Standard |
|
Max. diameter |
18mm |
18mm |
|
Max. depth of fill |
15 mm |
25 mm |
|
Max. output/min. |
60 |
60 |
|
Max. operating pressure |
5 tons |
5 tons |
Description :
- Useful for
research and small batch production.
- Capable to press
tablets up to 18 mm diameter.
- Endures 5 Tons
of
maximum operating pressure.
- Output of
2700-3600 tablets/hour.
- Smooth and
easy in operation
Single Stroke Tabletting Machine
K-35
|
Model |
|
K-35 |
|
Version |
|
Standard |
|
Max. diameter |
|
57-15 mm |
|
Max. depth of fill |
|
57.15 mm |
|
Max. output/min. |
|
288 |
|
Max. operating pressure |
|
35 tons |
Description :
- Large Table
size production
- Higher
operating pressure upto 35 tons
- 17,000 Tablets
per hour
- User friendly
operation
R and D:
Research and Development is the prime most important task
for CADMACH® for strengthening their existing product range as well
new Product and Design by keeping an eye customers requirement.
About two million man-hours invested in last
one decade to ensure all the customers worldwide that constant efforts imposed
on for product enhancement and new product development
R and D activity at CADMACH®
spreads in multifold with following criteria :
- Qualified
manpower and effective CADCAM paramateric pro-engineering system for
design to execution.
- Enhanced
Engineering capabilities of critical components
- Research and
various studies conducted to analyse optimum usage of Hydraulic,
Electronic and Mechanical Components.
- Qualified
Industrial as well Computer Engineers to ensure cohesive structure for
user friendly computer access control system.
CADMACH® proudly presents today integrated SCADA
System for close loop control on entire tablet press for full cycle operation.
Technology
The evolution of Tablet Press was necessity of Human Care.
Tablet Press Technology passed through various stages from manual operation to
single stroke to rotary type machine.
CADMACH® Walked Through all stages and today able to cater the
need for small, medium and large batch production unit.
Resources and strength within cadmach today able to fulfill all the
demand of various customers across the globe.
CADMACH offers :
- Various range
of single stroke press for small size batch to R and D requirement
- Rotary type
machines comply with GMP regulations
- Uses various
control access system for consistent, reliable and High Speed operation of
machine
- Multipoint
Hydro Electro Mechanical Design for optimization of each level and stage
of operation of machine.
- Also offering
now GMP compliant allied and Injectable range of machine for providing one
stop solution to Pharmaceutical Industries
- CADMACH®
has today develop their own know how to provide complete close loop control
operation of each stage which comply with GMP regulation-The need of the
pharmaceutical Industry.
The factory has
the following department working round the clock to produce machinery of
International Standard
- Machine Shop
- Grinding,
Fabrication and Buffing Section
- Assembly Shop
- Dies and
Punches Section
- Tool Room
- Paint Section
- Research and
Development Section
- Quality
Control Secition
The equipment
used for manufacturing the machines are
- CNC Turning
Centers
- Horizontal
Boring Machine
- Hobbing
Machine
Cylindrical Grinding Machine
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.42.81 |
|
UK Pound |
1 |
Rs.83.75 |
|
Euro |
1 |
Rs.66.10 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
49 |
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 |
|