MIRA
INFORM REPORT
|
Report Date : |
08.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
G R INFRAPROJECTS LIMITED (w.e.f. 31.08.2007) |
|
|
|
|
Formerly Known
As : |
G. R. AGARWAL BUILDERS AND DEVELOPERS LIMITED |
|
|
|
|
Registered
Office : |
G R House, Hiran Magari, Sector No. 11, Udaipur-313002, Rajasthan |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
22.12.1995 |
|
|
|
|
Com. Reg. No.: |
17-011270 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.194.406
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45201RJ1995PLC011270 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JDHG01925A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG5306N |
|
|
|
|
Legal Form : |
A closely held Public Limited Liability Company. |
|
|
|
|
Line of Business
: |
Construction Activity. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4600000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having fine track. Financial
position of the company appears to be sound. Trade relations are reported as fair.
Business is active. Payments are reported to be correct and as per
commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
NOTES :
Any query related to this report can be made on
e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
G R House, Hiran Magari, Sector No. 11, Udaipur-313002, |
|
Tel. No.: |
91-294-2487370 |
|
Fax No.: |
91-294-2487749 |
|
E-Mail : |
DIRECTORS
As on 15.09.2010
|
Name : |
Mr. Vinod Kumar Agarwal |
|
Designation : |
Managing Director |
|
Address : |
42, Ambavgarh, Udaipur-313001, |
|
Date of Birth/Age : |
11.08.1959 |
|
Date of Appointment : |
22.12.1995 |
|
Din No.: |
00182893 |
|
|
|
|
Name : |
Mr. Purshottam Agarwal |
|
Designation : |
Director |
|
Address : |
42, Ambavgarh, Udaipur-313001, |
|
Date of Birth/Age : |
17.09.1972 |
|
Date of Appointment : |
26.12.2000 |
|
Din No.: |
00182907 |
|
|
|
|
Name : |
Mr. Mahendra Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
42, Ambavgarh, Udaipur-313001, |
|
Date of Birth/Age : |
11.09.1962 |
|
Date of Appointment : |
22.12.1995 |
|
Din No.: |
00182925 |
|
|
|
|
Name : |
Mr. Ajendra Agarwal |
|
Designation : |
Director |
|
Address : |
42, Ambavgarh, Udaipur-313001, |
|
Date of Birth/Age : |
30.03.1964 |
|
Date of Appointment : |
30.09.2006 |
|
Din No.: |
01147897 |
|
|
|
|
Name : |
Mr. Anil Bijayraj Bhandari |
|
Designation : |
Director |
|
Address : |
503, Resort View, Thakur Complex, Kandivali East, Mumbai-400101, |
|
Date of Birth/Age : |
27.07.1965 |
|
Date of Appointment : |
31.03.2009 |
|
Din No.: |
00488200 |
|
|
|
|
Name : |
Mr. Anand Rathi |
|
Designation : |
Director |
|
Address : |
198, Opposite UIT Office, Near |
|
Date of Birth/Age : |
31.12.1975 |
|
Date of Appointment : |
31.03.2009 |
|
Din No.: |
02791023 |
KEY EXECUTIVES
|
Name : |
Mr. Sudhir Mutha |
|
Designation : |
Secretary |
|
Address : |
C-8, Raghukul Complex, Subhash Nagar, Udaipur-313001, |
|
Date of Birth/Age : |
04.12.1981 |
|
Date of Appointment : |
04.02.2010 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 15.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Vinod
Kumar Agarwal |
|
537207 |
|
Ajendra
Kumar Agarwal |
|
431199 |
|
Mahendra
Kumar Agarwal |
|
469875 |
|
Purshottam
Agarwal |
|
430947 |
|
Devki Nandan Agarwal |
|
422235 |
|
Harish Agarwal |
|
58838 |
|
Gumani Ram Agarwal |
|
50299 |
|
Ajendra Agarwal
HUF |
|
74000 |
|
Devki Nandan
Agarwal HUF |
|
72000 |
|
Mahendra Agarwal
HUF |
|
73800 |
|
Purshottam
Agarwal HUF |
|
68200 |
|
Vinod
Kumar Agarwal HUF |
|
69700 |
|
Pankaj Agarwal |
|
50000 |
|
Vikas Agarwal |
|
52500 |
|
Kiran Agarwal |
|
30400 |
|
Ritu Agarwal |
|
15000 |
|
Rupal Agarwal |
|
10500 |
|
Suman Agarwal |
|
28000 |
|
Laxmi Devi
Agarwal |
|
28300 |
|
Lokesh Agarwal |
|
4000 |
|
Mohini Devi
Agarwal |
|
6000 |
|
Jasamrit
Designers Private Limited, |
|
200000 |
|
Jasamrit
Creations Private Limited, |
|
250000 |
|
Jasamrit
Construction Private Limited, |
|
200000 |
|
Jasamrit Fashions
Private Limited, |
|
200000 |
|
Jasamrit Premises
Private Limited, |
|
200000 |
|
|
|
19000 |
|
G R Infratech
Private Limited, |
|
9250000 |
|
Lokesh Builders Private
Limited, |
|
7000000 |
|
|
|
|
|
Total |
|
20302000 |
As on 15.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
85.21 |
|
Directors
or relatives of directors |
|
14.79 |
|
Total |
|
100.00 |
List of Allottee:
As on 09.03.2011
|
Particular |
No. of Shares |
|
|
1413659 |
|
|
696280 |
|
IDFC Investment Advisors Limited, |
1265963 |
|
|
|
|
Total |
3375902 |
BUSINESS DETAILS
|
Line of Business : |
Construction Activity. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2010)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Emulsion and PMB |
MT |
30000 |
30000 |
4044.115 |
GENERAL INFORMATION
|
Bankers : |
|
|
|
|
BANK FACILITIES:
|
Particular |
As
on 31.03.2010 (Rs.
in Millions) |
As
on 31.03.2009 (Rs.
in Millions) |
As
on 31.03.2008 (Rs.
in Millions) |
As
on 31.03.2007 (Rs.
in Millions) |
|
EQUIPMENT LOANS |
|
|
|
|
|
ABN Amro Bank |
0.000 |
6.799 |
39.727 |
75.660 |
|
Citi Bank N.A |
0.000 |
2.943 |
16.788 |
44.785 |
|
ICICI Bank Limited |
0.000 |
0.000 |
10.103 |
26.731 |
|
Indusind Bank Limited |
0.000 |
0.156 |
1.346 |
2.439 |
|
HDFC Bank Limited |
14.584 |
57.893 |
0.000 |
0.000 |
|
Srei Equipment Finance Private Limited |
110.823 |
3.271 |
0.000 |
0.000 |
|
Punjab National Bank Limited (Secured by hypothecation of assets financed) |
0.521 |
1.502 |
0.000 |
0.000 |
|
Bank HDFC Limited |
0.000 |
0.000 |
172.900 |
0.000 |
|
Term Loan SBBJ, (Secured by substitution agreement in favour of the bank, escrow
account for cash accrual form toll receipts and collateral security by way of
pledge of plant and machinery worth Rs.21.000 millions and various
residential properties, belonging to the directors and their family members,
worth Rs.24.700 millions. Further secured by personal guarantees of all the
directors of the company and Mrs. Kiran Agarwal, Mrs. Shakuntla Agarwal, Mrs.
Sangeeta Agarwal, Mr. Manish Gupta and Mr. Harish Agrwal) |
0.000 |
0.000 |
0.000 |
30.274 |
|
SBBJ Sector 11 (Secured by equitable mortgage of land of Udaipur Cotton Mills at Udaipur,
hypothecation of all current assets, present and future of the company and
plot at Saheli Marg, Udaipur. Further secured by personal guarantee of all
the directors of the company except Mr. Ajendra Kumar Agarwal and corporate
guarantee by Udaipur Buildestate Private Limited) |
0.000 |
0.000 |
0.000 |
82.500 |
|
State Bank of (Secured against hypothecation of wind mill, further secured by
equitable mortgage of property including residential plot own by Mr. Vinod Agarwal
situated at Plot No. 1, 2 and 3, Khasara No. 1153/659 Goverdhan Villas,
Udaipur, Further secured by personal guarantees of Mr. Vinod Kumar Agarwal) |
41.982 |
0.000 |
0.000 |
23.414 |
|
Bank of |
0.000 |
0.000 |
32.040 |
0.000 |
|
Cash Credit HDFC Bank Limited (Secured by hypothecation of the entire movable stocks of raw
materials, consumables, finished and semi finished goods, book debts,
receivable both present and future and construction equipments with market
value of Rs.20.000 millions of the company. Further secured by equitable
mortgage of company’s property of Shastri Nagar, |
17.051 |
133.622 |
89.585 |
0.000 |
|
Oriental Bank of Commerce (Secured against equitable mortgage of properties including
residential house owned by Mrs. Suman Agarwal, plots at Udaipur, owned by
Mrs. Kiran Agarwal and Mrs. Lalita Agarwal respectively, plot at Udaipur
owned by Mr. Vinod Agarwal and Mr. Ajendra Agarwal, property at Udaipur
belonging and owned by Lokesh Builders Private Limited, property at Udaipur
belonging and owned by Grace Builhome Private Limited and property at Udaipur
belonging and owned by Udaipur Buildestate Private Limited further secured by
hypothecation of specific machinery. Further secured by personal guarantees
of Mr. Viond Kumar Agarwal, Mr. Devki Nandan Agarwal, Mr. Mahendra Kumar
Agarwal, Mr. Ajendra Kumar Agarwal, Mr. Purshottam Agarwal, directors of the
company Mrs. Suman Agral, Mrs. Lalita Agarwal and Mrs. Kiran Agarwal and
corporate guarantee fo Lokesh Builders Private Limited.) |
0.000 |
94.221 |
0.000 |
0.000 |
|
Total |
184.961 |
300.407 |
362.489 |
285.803 |
|
|
|
|
|
|
|
Unsecured Loan |
|
|
|
|
|
From Directors Others |
52.515 |
52.515 |
48.900 |
29.155 |
|
Total |
52.515 |
52.515 |
48.900 |
29.155 |
|
|
|
|
Financial Institution: |
3i Infotech Trusteeship Services Limited, 3rd to 6th
Floor, International Infotech Park, Tower No. 5, Vashi Railway Station Complex,
Vashi, Navi Mumbai-400703, Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rajesh K Rathi and Company |
|
Address : |
Chartered Accountant |
|
Tel. No.: |
118, Shri Hari Park, Near Center Point Building, Ring Road,
Surat-395002, Gujarat, India |
|
Mobile No.: |
91-261-2464478 / 3935578 |
CAPITAL STRUCTURE
As on 15.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
21000000 |
Equity Shares |
Rs.10/- each |
Rs.210.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
20302000 |
Equity Shares |
Rs.10/- each |
Rs.203.020
Millions |
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
21000000 |
Equity Shares |
Rs.10/- each |
Rs.210.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
19440559 |
Equity Shares |
Rs.10/- each |
Rs.194.406
Millions |
After 15.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
23677902 |
Equity Shares |
Rs.10/- each |
Rs.236.779
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
|
1] Share Capital |
194.406 |
64.406 |
31.906 |
31.906 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
965.023 |
686.413 |
499.309 |
273.109 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1159.429 |
750.819 |
531.215 |
305.015 |
|
|
LOAN FUNDS |
|
|
|
|
|
|
1] Secured Loans |
184.961 |
300.407 |
362.489 |
285.803 |
|
|
2] Unsecured Loans |
52.515 |
52.515 |
48.900 |
29.155 |
|
|
TOTAL BORROWING |
237.476 |
352.922 |
411.389 |
314.958 |
|
|
DEFERRED TAX LIABILITIES |
39.104 |
8.105 |
3.481 |
4.501 |
|
|
|
|
|
|
|
|
|
TOTAL |
1436.009 |
1111.846 |
946.085 |
624.474 |
|
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1004.674 |
701.341 |
454.852 |
386.721 |
|
|
Capital work-in-progress |
82.235 |
0.000 |
22.864 |
0.000 |
|
|
|
|
|
|
|
|
|
INVESTMENT |
231.604 |
26.237 |
25.851 |
2.040 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
|
Inventories |
344.462
|
249.411
|
248.826 |
211.076 |
|
|
Sundry Debtors |
90.808
|
42.010
|
87.535 |
17.850 |
|
|
Cash & Bank Balances |
412.553
|
121.707
|
159.952 |
124.359 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
188.787
|
170.443
|
165.773 |
133.130 |
|
Total
Current Assets |
1036.610
|
583.571 |
662.086 |
486.415 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
|
Sundry Creditors |
237.598
|
48.867
|
132.039 |
213.567 |
|
|
Other Current Liabilities |
681.516
|
88.201
|
12.013 |
9.235 |
|
|
Provisions |
0.000
|
62.235
|
75.516 |
27.900 |
|
Total
Current Liabilities |
919.114
|
199.303 |
219.568 |
250.702 |
|
|
Net Current Assets |
117.496
|
384.268 |
442.518 |
235.713 |
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
1436.009 |
1111.846 |
946.085 |
624.474 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
Income |
2865.919 |
2227.157 |
2186.637 |
1298.622 |
|
|
|
Other Income |
14.442 |
10.440 |
2.759 |
5.200 |
|
|
|
TOTAL (A) |
2880.361 |
2237.597 |
2189.396 |
1303.822 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
Raw Material |
688.505 |
729.781 |
1020.774 |
232.404 |
|
|
|
Civil Work Expenses |
1636.193 |
1037.943 |
742.731 |
868.541 |
|
|
|
Payment to Employees |
81.961 |
62.161 |
44.676 |
31.834 |
|
|
|
Administrative Expenses |
62.719 |
43.740 |
32.259 |
28.451 |
|
|
|
Increase / Decrease in Stocks |
(95.050) |
(0.585) |
(35.713) |
(55.027) |
|
|
|
TOTAL (B) |
2374.328 |
1873.040 |
1804.727 |
1106.203 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
506.033 |
364.557 |
384.669 |
197.619 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
20.583 |
30.987 |
15.737 |
18.165 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
485.450 |
333.570 |
368.932 |
179.454 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
104.313 |
81.117 |
68.252 |
57.933 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
381.137 |
252.453 |
300.680 |
121.521 |
|
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
106.999 |
65.349 |
74.480 |
22.372 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
274.138 |
187.104 |
226.200 |
99.149 |
|
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
686.413 |
499.309 |
273.109 |
173.960 |
|
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
960.551 |
686.413 |
499.309 |
273.109 |
|
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
|
Export Earnings |
2.252 |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
|
Raw Materials |
0.000 |
41.600 |
NA |
NA |
|
|
|
Stores & Spares |
25.118 |
15.699 |
NA |
NA |
|
|
TOTAL IMPORTS |
25.118 |
57.299 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
14.10 |
58.64 |
70.90 |
31.08 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
9.52
|
8.36 |
10.33 |
7.60 |
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
13.30
|
11.34 |
13.75 |
9.36 |
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
18.67
|
19.65 |
26.92 |
13.92 |
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33
|
0.34 |
0.57 |
0.40 |
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.00
|
0.74 |
1.19 |
1.85 |
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13
|
2.93 |
3.02 |
1.94 |
LOCAL AGENCY FURTHER INFORMATION
Note: The registered
office of the company has been shifted from 80/A, Shahi Complex, Hiranmagari
Sector 11,
OPERATIONS:
During the Year
under reference, turnover of the Company has increased from 2226.200 Millions
to Rs. 2865.900 Millions thereby showing an increasing trend of 28.74%. In the
same time profit before interest, depreciation and tax has also grown by 38.78%
to Rs.506.000 Millions. The company has secured significant work orders in the
year and expect that the same trend be continued in coming years also as the
infrastructure development is included in the priority sector of the all
Central as well as state governments.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10194597 |
|
Corporate
identity number of the company |
U45201RJ1995PLC011270 |
|
Name of the
company |
G R INFRAPROJECTS
LIMITED |
|
Address of the registered
office or of the principal place of
business in |
G R House, Hiran Magari, Sector No. 11, Udaipur-313002, |
|
Type of charge |
Book Debts Movable Property
(not being pledge) Immovable
Property |
|
Particular of
charge holder |
Axis Bank Limited, 222/21, Saheli Mag, Near UIT Circle,
Udaipur-313001, Rajasthan, India |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
Deed of
Hypothecation General
Undertaking Counter Indemnity Memorandum of
Entry |
|
Date of
instrument Creating the charge |
21.02.2011 |
|
Amount secured by
the charge |
Rs.800.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Perf Guarantee
0.40%p.a. payable monthly; 0.75% p.a. in case external rating falls below
"A-" Fin Guarantee
0.75%p.a. payable monthly; 1.00% in case external rating falls below
"A-" LC 0.40% p.a. Terms of
Repayment Valid for 12
months and limit to be renewed annually. Margin Cash Margin 5%
(100% cash margin in case of disputed liabilities) Extent and
Operation of the charge The mortgage / charge
shall continue to subsists till such time all the borrower dues have been
repaid in full. |
|
Short particulars
of the property charged |
I)
Equitable
Mortgage of Residential Plot No. 2,3,4,5,6 and 7 Revenue Village Bhuwana,
Tehsil Girwa, II)
1st
Pari Passu Charge in favour of the bank by way of hypothecation of current
assets of the Company. |
|
Date of latest
modification prior to the present modification |
22.12.2009 |
|
Particulars of
the present modification |
Bank Guarantee
Limit has been enhanced to Rs. 800.000 Millions. |
FIXED ASSETS:
- Land and Site
Development
- Plant and
Machinery
- Dumper
- Trucks
- Tankers
- Motor Grader
CAT
- Vehicles
- Computer
- Milling
Machine
- Air
Conditioner
- Furniture and
Fixtures
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON DESIGNATED
PARTY
No 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.44.80 |
|
|
1 |
Rs.72.85 |
|
Euro |
1 |
Rs.63.11 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
53 |
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.