MIRA
INFORM REPORT
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Report Date : |
10.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
ARK INDUSTRIAL PRODUCTS PRIVATE LIMITED |
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Registered Office : |
8 Jor Bagh, New Delhi – 110 003 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
06.10.1987 |
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Com. Reg. No.: |
55-29394 |
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CIN No.: [Company
Identification No.] |
U74899DL1987PTC029394 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELA12774G |
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PAN No.: [Permanent
Account No.] |
AAACA0564G |
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Legal Form : |
Private Limited Liability Company
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Line of Business : |
Manufacturer
of Multi Cyclone Dust Collectors for Bagasse Fired Boilers |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 42000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established company meeting its normal commitments
timeously. Trade relations are fair. Payments are usually correct and as per
commitments. The Company can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
8 Jor Bagh, New Delhi – 110 003, India |
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E-Mail : |
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Website : |
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Factory : |
F-7/B, Okjhla Industrial Area, Phase – I, New Delhi – 110 020, India |
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Tel. No.: |
91-11-41614144-47 |
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Fax No.: |
91-11-41614148 |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Ajay Kashyap |
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Designation : |
Director |
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Address : |
163-D, Sainik Farms, New Delihi – 110 062, India |
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Date of Birth/Age : |
11.08.1949 |
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Date of Appointment : |
06.10.1987 |
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Name : |
Mrs. Romilla Kashyap |
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Designation : |
Director |
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Address : |
163-D, Sainik Farms, New Delihi – 110 062, India |
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Date of Birth/Age : |
26.07.1952 |
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Date of Appointment : |
05.05.1995 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 29.09.2007)
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Names of Shareholders |
No. of Shares |
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Ajay Kashyap |
14600 |
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Romilla Kashyap |
5500 |
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Total |
20100 |
Equity shares Breakup (percentage of total equity)
(As on 29.09.2007)
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Category |
Percentage |
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Directors or relatives of directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer
of Multi Cyclone Dust Collectors for Bagasse Fired Boilers |
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Products and Services : |
EPC services ·
Piping ·
Fuel Oil Handling ·
Balance of Plant (BOP) ·
Thermal Engineering Systems ·
Energy Conservation ·
Air pollution Control ·
Waste Water Management ·
Solid Waste to Energy |
GENERAL
INFORMATION
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Customers : |
·
Mussoorie International School ·
Tata Cummins Limited ·
Munjal Showa Limited ·
Apollo Tyres Limited ·
Ranbaxy Laboratories Limited ·
Ansal Hotels Limited ·
Polar Chem Coates Limited ·
Bajaj Hindustan Limited ·
Haryana Petrochemical ·
Punjab Concast Steel Limited ·
Swadeshi Detergents Limited ·
Basti Sugar Mills Company ·
Texmaco Limited · Ferro Alloys Corporation Limited |
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Bankers : |
Corporation Bank Bhikaji Cama
Place Branch, New Delhi, India |
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Facilities : |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Sanjesh Kumar Jawarani Chartered Accountants |
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Address : |
A-13, First Floor, Green Park Extention, New Delhi – 110 016,
India |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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25000 |
Equity Shares |
Rs.100/- each |
Rs.2.500 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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20100 |
Equity Shares |
Rs.100/- each |
Rs.2.010
millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
2.010 |
2.010 |
2.010 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
6.426 |
6.356 |
6.624 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
8.436 |
8.366 |
8.634 |
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LOAN FUNDS |
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1] Secured Loans |
0.135 |
0.321 |
0.525 |
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2] Unsecured Loans |
0.000 |
0.525 |
0.558 |
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TOTAL BORROWING |
0.135 |
0.846 |
1.083 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
8.571 |
9.212 |
9.717 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.695 |
0.938 |
1.270 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.030 |
0.006 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.738
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0.402 |
0.357 |
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Sundry Debtors |
2.350
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0.361 |
1.726 |
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Cash & Bank Balances |
5.427
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5.358 |
6.835 |
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Other Current Assets |
0.000
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0.000 |
0.000 |
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Loans & Advances |
2.651
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4.744 |
4.010 |
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Total
Current Assets |
11.166
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10.865 |
12.928 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
2.110
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1.552 |
3.514 |
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Provisions |
1.210
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1.045 |
0.967 |
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Total
Current Liabilities |
3.320
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2.597 |
4.481 |
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Net Current Assets |
7.846
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8.268 |
8.447 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
8.571 |
9.212 |
9.717 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2006 |
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Sales Turnover |
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4.620 |
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Other Income |
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0.000 |
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Total Income |
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4.620 |
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Profit/(Loss) Before Tax |
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(0.196) |
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Provision for Taxation |
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0.079 |
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Profit/(Loss) After Tax |
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(0.275) |
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Total Expenditure |
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4.816 |
KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
NA
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(5.95) |
NA |
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Net Profit Margin (PBT/Sales) |
(%) |
NA
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(4.24) |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
NA
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(1.66) |
NA |
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Return on Investment (ROI) (PBT/Networth) |
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NA
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(0.02) |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
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0.41
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0.41 |
0.64 |
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Current Ratio (Current Asset/Current Liability) |
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3.36
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4.18 |
2.89 |
LOCAL AGENCY
FURTHER INFORMATION
Form No. 8
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Name of the company |
ARK INDUSTRIAL PRODUCTS PRIVATE LIMITED |
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Presented By |
Corporation Bank,
Bhikaji Cama Place and Company |
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1) Date and description of instrument creating the change |
Unattested Deed
of Hypothecation of movables dated 26.02.2001 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs.2.000 millions
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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 |
Hypothecation of
all the movables of the company including furniture, fixtures, computers etc. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Rate of interest
shall be 16.50% p.a. the limit sanctioned is PSBG with 25% margin |
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5) Name and Address and description of the person entitled to the charge. |
Corporation Bank Bhikaji Cama
Place Branch, New Delhi |
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6) Date and brief description of instrument modifying the charge |
Not Applicable |
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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. |
Not Applicable |
Web Details
Subject have built the reputation on professionalism and excellence in turnkey
project execution in the fields of :-
·
Utility, Yard and Plant Piping
·
Fuel Oil Storage and Handling Systems
·
Balance of plant (BOP) for Coal, Diesel and Gas based Captive Power
Plants (CPP)
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Thermal engineering systems
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Energy Conservation and Heat Recovery Systems
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Air Pollution Control, Dust and Fume Extraction Systems
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Waste Water Treatment / Recycle Plants
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Solid Waste to Energy/ useful Manure Conversion Plants.
The company has a proven track record of completing projects in time,
within cost and the best safety record thus relieving the customers from
project management responsibility, time and cost over-runs and accident related
losses.
Since inception they have executed more than 200 EPC projects involving concept
design, detailed design and engineering, fabrication, procurement, inspection,
supply, installation, commissioning, testing, O and M training of customer
operators and final handing over.
Many of the projects were innovative and challenging applications of
unique technologies or import substitution specially in the fields of energy
substitution, energy conservation, air pollution control and waste water
recycling.
The Company has used it’s extensive contact network to create an agency sales
and representation division in which they currently represent foreign and
Indian Principals namely ;
·
Mojj Engineering Systems Limited, Pune, India :
Spray, Fluidized bed and Rotary
driers, Evaporators,
Distillery
and Ethanol Plants.
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Perma-tec GmbH, Germany. :
Automatic grease/ oil Lubricators.
Mr.
Ajay Kashyap, Chairman of the Company, is a post graduate in Engineering from
Lamar Tech, Texas, USA completing his graduation in Chemical Engineering from
the Indian Institute of Technology, Delhi. He has fifteen years work experience
with M/s THERMAX LIMITED in various senior positions.
The
company is managed by experienced professionals with outstanding experience in
their fields of specialization.
Projects Executed
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Client |
Location |
Nature of Job |
Year |
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Mussoorie International School |
U.P |
Turnkey design to commissioning of swimming pool heating based on hot
water boilers, hot water distribution piping (approx.1km)insulation,
calorifier tanks and heat exchangers |
1988 |
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KB and T Limited |
Gurgaon |
Turnkey design to commissioning of utility piping system comprising
vacuum piping, compressed air piping, steam and condensate piping with
suitable insulation and cladding |
1995 |
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Tata Cummins Limited |
Jamshedpur |
Turnkey design to commissioning of utility piping system
comprising compressed air, vacuum, lube oil, steam and waterpiping |
1995 |
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Hero Cycles Limited |
Ludhiana |
Turnkey design to commissioning of utility piping system comprising compressed
air, steam, LPG, Argon, Nitrogen, chilled water, DM water, raw water,
re-circulation water, effluent piping. |
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A/c : Rim Plant |
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2001 |
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A/c : Tubular Plant |
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2001 |
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A/c : New Rim Plant |
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2001 |
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Munjal Showa Limited |
Gurgaon |
Turnkey design to commissioning of utility piping system
comprising compressed air and process oil. |
2004 |
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Apollo Tyres Limited |
Baroda |
Turnkey design to commissioning of Electrical Tracing for fuel oil handling
system for LSHS and Furnace Oil involving heat tracing and insulation of
storage tanks, unloading station, yard piping, electrical panels
includingelectrical tracer tapes |
1991 |
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Apollo Tyres Limited |
Baroda |
Turnkey design to commissioning of heat tracing for
Aromatic Process oil system involving electrical tracer tapes, insulation,
out flow heaters, electrical cabling, electrical and controlpanels. |
1991 |
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Apollo Tyres Limited |
Baroda |
Turnkey design to commissioning for BOP of 3 x 14 TPH oil fired
boiler, self supported chimney 42 m height, boiler house piping, headers,
fuel oil service tanks. |
1990 |
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Ranbaxy Laboratories Limited |
Dewas |
Turnkey design to commissioning for BOP of 1 x 10 TPH oil fired
boiler, self supported chimney 40 m height, boiler house piping, headers,
fuel oil service tanks, DM water storage tanks. |
1992 |
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M.P. Iron and Steel Company Limited |
Gwalior |
Turnkey design to commissioning for BOP of 1 x 12 TPH oil fired
boiler, self supported chimney 30 m height, boiler house piping, headers,
fuel oil service tanks, DM water storage tanks. |
1992 |
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Ansal Hotels Limited |
New Delhi |
Turnkey design to commissioning for BOP of 4 x 600 Kg/hr. oil fired
boilers involving, supported chimney 30 m height, boiler house piping,
headers, fuel oil service tanks, DM water storage tanks,
steam and hot water distribution piping with insulation and cladding. |
1998 |
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Central Distillery and Breweries Limited |
Meerut |
Turnkey design to commissioning for BOP of 1 x 1MW Captive Power
involving 2 x 150 M3 LSHS storage, 1 x 50 M3 diesel storage, unloading
and transfer stations, electrical tracing and insulation, day oil tanks,
self supported chimney 58 m height, flue gas ducting, boiler house and
turbine house piping, HP and exhaust steam headers, DM water storage
tanks, HP and LP steam piping , condensate return piping, SS-304 process
and product piping, compressed air, treated water, raw water,
cooling water recirculation piping, insulation and cladding, 100 MT
structural work. |
1999 |
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Goodyear India Limited |
Faridabad |
Design, selection, supply, installation and commissioning of Sonic
Soot Blowing systems for coal fired boiler. |
1989 |
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Polar Chem Coates Limited |
U.P |
Turnkey design to commissioning of conversion of imported paper coating
machine from natural gas fired heating to thermal fluid heating including
thermal fluid heat exchangers, accessories, piping etc |
1989 |
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Nasrapur Metals Limited |
Pune |
Plate Heat Exchanger for kerosene cooling |
1990 |
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Ballarpur Industries Limited |
Yamunanagar |
Design, selection, supply, installation and commissioning of Sonic
Soot Blowing systems for 80 TPH coal fired boilers. |
1990 |
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Trans Fibre Pipes Limited |
Patna |
Turnkey design to commissioning of thermal fluid heating and drying
system for paper tube drying including tunnel drier,radiators and temperature
control system |
1991 |
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Apollo Tyres Limited |
Baroda |
Turnkey design to commissioning of Skid mounted Temperature Controfor
BANBURY mixer. |
1991 |
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Bajaj Hindustan Limited |
Golagokarnath |
Plate Heat Exchanger for heat recovery from distillery spent wash |
1991 |
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Haryana Petrochemical |
Haryana |
Plate Heat Exchangers for ethylene glycol cooling |
1992 |
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Odemis Tekstil (Export) |
Turkey |
Concept design to supply of Heat Pipe based heat recovery system for
yarn dryer |
1991 |
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Apollo Tyres Limited |
Baroda |
Turnkey design to commissioning of waste heat recovery system using
heat exchanger, flash vessels, flash steam scrubbers, piping and control
valves |
1992 |
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Sanjay Agro Industries Limited |
Ambala |
Pulse Jet Bag Filer for flour dust collection |
1989 |
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Triveni Engineering Works Limited |
New Delhi |
Multicyclone fly ash arrestor for 2 x 30 TPH Bagasse fired boiler |
1990 |
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Punjab Concast Steel Limited |
Ludhiana |
Modification of Pulse Jet bag filter for VOD furnace |
1990 |
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Cawnpore Sugar Works Limited |
Padrauna |
Multicyclone fly ash arrestor for 1 x 30 TPH Bagasse fired
boiler |
1990 |
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Shrijee Engineering Works |
Bombay |
Multicyclone dry sugar dust collection system |
1990 |
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Bajaj Hindustan Limited |
Golagokarnath |
Multicyclone fly ash collection system for 12 nos. Bagasse
fired boilers |
1991 |
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Bajaj Hindustan Limited |
Golagokarnath |
Bag filter based dry sugar dust collection system |
1991 |
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M.P. Iron and Steel Company |
Gwalior |
Bag filters for dust extraction system for HB / Sponge
Iron conveying system |
1992 |
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Swadeshi Detergents Limited, |
Bag filter based Detergent dust collection system |
1992 |
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AEC Cements and Construction Company
Limited, |
Bag Filter for Cement dust extraction system |
1992 |
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Walchandnagar Industries Limited |
Pune |
Multicyclone fly ash arrestor for Bagasse fired
boiler |
1992 |
|
A/c : Harinagar |
1 x 70 TPH |
1993 |
|
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A/c : Gangeshwar |
1 x 80 TPH |
1994 |
|
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A/c : Narmada Projects |
2 x 30 TPH |
1994 |
|
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Basti Sugar Mills Company |
Pune |
Multicyclone fly ash arrestor for 2 x 25 TPH Bagasse fired boiler |
1992 |
|
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|
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Kesar Enterprises Limited |
Baheri |
Bag filter based dry sugar dust collector |
1992 |
|
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|
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|
Amrit Banaspati Company Limited |
U.P |
Bag Filter (Ryton Bags) for fluidized bed coal fired boiler |
1992 |
|
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Upper Ganges Limited |
Seohara |
Multicyclone fly ash arrestor for 4 x 50 TPH bagasse fired
boilers |
1993 |
|
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|
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|
Texmaco Limited |
Calcutta |
Multicyclone fly ash arrestor for Bagasse |
|
|
|
fired boiler |
|
|
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A/c : Deoband |
1 x 42 TPH |
1993 |
|
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A/c : Balrampur |
1 x 40 TPH |
1993 |
|
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A/c : Sasamusa |
1 x 32 TPH |
1993 |
|
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A/c : Shahjahanpur |
1 x 32 TPH |
1994 |
|
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A/c : Puranpur |
1 x 32 TPH |
1994 |
|
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A/c : K.M. Sugar |
1 x 50 TPH |
1994 |
|
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A/c : Eastern Sugar |
1 x 50 TPH |
1995 |
|
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A/c : Ajudhia Sugar |
1 x 50 TPH |
1995 |
|
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A/c : Upper Ganges |
1 x 70 TPH |
1995 |
|
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A/c : Oudh Sugar |
1 x 70 TPH |
1995 |
|
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A/c : Nanpara |
1 x 32 TPH |
1995 |
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A/c : Ramkola |
1 x 40 TPH |
1995 |
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A/c : Rosa |
1 x 70 TPH |
1995 |
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A/c : Aira |
1 x 70 TPH |
1995 |
|
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A/c : Kirlampudi |
1 x 50 TPH |
1995 |
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A/c : Pandavapura |
1 x 50 TPH |
1996 |
|
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A/c : U.P. Provinces |
1 x 70 TPH |
1997 |
|
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A/c : New Swadeshi |
1 x 70 TPH |
1998 |
|
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A/c : Seksaria |
1 x 50 TPH |
1998 |
|
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Saraya Sugar Mills Limited |
Sardanagar |
Multicyclone fly ash arrestor for 2 x 60 TPH and 2 x 25TPH Bagasse
fired boilers |
1993 |
|
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|
Ferro Alloys Corporation Limited |
Nagpur |
Turnkey design to commissioning of dust and fume extraction system for
AOD furnace convertor involving suction hood, water cooled ducting, air
to air forced draft gas cooler, poppet damper, modular bag filter, ID fan,
Chimney, interconnecting bye pass ducting, electrical panels and cabling |
1993 |
|
|
|
|
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|
Sanderson Industries Limited |
Calcutta |
Bag Filter (Ryton Bags) for fluidized bed coal fired boiler |
1994 |
|
|
|
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|
Naveen Projects Limited, |
New Delhi |
Bag Filters for dust extraction system from material handling
conveyors. |
1996 |
|
|
|
|
|
|
Isgec John Thompson |
New Delhi |
Multicyclone fly ash arrestor for Bagasse fired boiler |
|
|
A/c : Jagjit Industries Limited |
1 x 8 TPH husk fired fluidized bed boiler |
1996 |
|
|
A/c : Baba Sahib Ambedkar |
2 x 30 TPH |
1996 |
|
|
A/c : Shivasakti |
|
2 x 30 TPH |
1997 |
|
A/c : Nagartaluka |
2 x 30 TPH |
1997 |
|
|
A/c : Sharad SSK Limited |
2 x 30 TPH |
1998 |
|
|
A/c : Rana Paper |
1 x 30 TPH |
1999 |
|
|
A/c : Raver Project |
1 x 30 TPH |
1999 |
|
|
A/c : Mysore Sugar |
1 x 45 TPH |
2002 |
|
|
A/c : Adiwasi Projects |
1 x 30 TPH |
2002 |
|
|
|
|
|
|
|
Lipi Boilers Limited |
Pune |
Multicyclone fly ash arrestor for 2 x 32 TPH Bagasse fired
boiler |
1996 |
|
|
|
|
|
|
Sterling Agro Industries Limited |
New Delhi |
Multicyclone fly ash arrestor for 1 x 12 TPH fluidized bed multi
fuel fired boiler |
1998 |
|
|
|
|
|
|
|
|
|
|
|
Indian Maize and Chemicals Limited, |
New Delhi |
Turnkey design to commissioning of Effluent Treatment system to treat
400 m3/day of effluents from the starch manufacturing processinvolving
aerators, clarifiers, pumps, piping and electricals |
1990 |
|
|
|
|
|
|
Polar Marmo Agglo Merates Limited |
Udaipur |
Turnkey design to commissioning of water recycle plant for treating
120 120 m3/hr. of waste water and making it fit for recycling in
the process using sedimentation tanks, slurry pumps, piping, dosing skids,
control valves etc. |
1991 |
|
|
|
|
|
|
Gem Granites |
Madras |
Turnkey design to commissioning of Water Recycle plant for treating
500 LPM of water |
1992 |
|
|
|
|
|
|
STI Granites Limited |
Bangalore |
Turnkey design to commissioning of water recycle plant for treating
120 m3/hr. waste water and making it fit for recycling in the process
using sedimentation tanks, slurry pumps, piping, dosing skids,control valves,
semi automatic filter press for slurry dewatering. |
1992 |
|
|
|
|
|
|
BTW Industries Limited |
Calcutta |
Turnkey design to commissioning of water recycle plant for treating
240 m3/hr. of waste water and making it fit for recycling in the process
using sedimentation tanks, slurry pumps, piping, dosing skids,control valves
etc. |
1992 |
|
|
|
|
|
|
Murudeshwar Ceramics |
Karnataka |
Turnkey design to commissioning of water recycle plant for treating 90
m3/hr. of waste water and making it fit for recycling in the process
using sedimentation tanks, slurry pumps, piping, dosing skids,control valves
etc. |
1993 |
|
|
|
|
|
|
Star Granites Limited |
Srikalahasti |
Turnkey design to commissioning of water recycle plant for treating
100 m3/hr. of waste water and making it fit for recycling in the process
using sedimentation tanks, slurry pumps, piping, dosing skids,control valves
etc. |
1993 |
|
|
|
|
|
|
Laxmi Granites Limited |
Secundrabad |
Turnkey design to commissioning of water recycle plant for treating 60
m3/hr. of waste water and making it fit for recycling in the process
using sedimentation tanks, slurry pumps, piping, dosing skids,control valves
etc. |
1994 |
|
|
|
|
|
|
Grapco Granites Limited |
Jaipur |
Turnkey design to commissioning of water recycle plant for treating 75
m3/hr. ofwaste water and making it fit for recycling in the process using
sedimentation tanks, slurry pumps, piping, dosing skids,control valves etc. |
1994 |
|
|
|
|
|
|
Golu International |
Ludhiana |
Turnkey design to commissioning of Effluent Treatment 75 m3/hr.
ofcum colour removal plant for Textile dyeing and finishing
industry. |
1998 |
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.47.76 |
|
UK Pound |
1 |
Rs.74.87 |
|
Euro |
1 |
Rs.60.81 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
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 |
|