1. Summary Information
|
|
|
Country |
India |
|
Company Name |
Technocrat Plasma Systems Private Limited |
Principal Name 1 |
Mr. Arun Kumar Sharma |
|
Status |
Satisfactory |
Principal Name 2 |
Mrs. Vandana Sharma |
|
|
|
Registration # |
11-082603 |
|
Street Address |
310 Tapo Commercial Center, Ram Mandir Road, Goregaon (West), Mumbai –
400104, Maharashtra, India |
||
|
Established Date |
01.11.1994 |
SIC Code |
-- |
|
Telephone# |
91-22-26763513/ 14/ 4048 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-26764001 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Welding Equipment |
|
|
# of employees |
70
(Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.7,852,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors – 100% |
Banking |
Vijaya Bank |
|
Public Limited Corp. |
No |
Business Period |
17 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba
(45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
41,567,000 |
Current Liabilities |
29,987,000 |
|
Inventories |
38,315,000 |
Long-term Liabilities |
37,294,000 |
|
Fixed Assets |
24,128,000 |
Other Liabilities |
4,884,000 |
|
Deferred Assets |
0,000,000 |
Total Liabilities |
72,165,000 |
|
Invest& other Assets |
2,770,000 |
Retained Earnings |
26,763,000 |
|
|
|
Net Worth |
34,615,000 |
|
Total Assets |
106,780,000 |
Total Liab. & Equity |
106,780,000 |
|
Total Assets (Previous Year) |
92,117,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
Not Available |
Net Profit |
Not Available |
|
Sales(Previous yr) |
Not Available |
Net Profit(Prev.yr) |
Not Available |
MIRA
INFORM REPORT
|
Report Date : |
23.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
TECHNOCRAT PLASMA SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
310 Tapo Commercial Center, Ram Mandir Road, Goregaon (West), Mumbai –
400104, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
01.11.1994 |
|
|
|
|
Com. Reg. No.: |
11-082603 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.7.852
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH1994PTC082603 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT05173A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT5491R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Welding Equipment. |
|
|
|
|
No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 140000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to be
usually correct and as per commitments. The company can be considered normal for 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 |
INFORMATION PARTED BY
|
Name : |
Mr. Arun Sharma |
|
Designation : |
Director |
|
Contact No.: |
91-9322879396 |
|
Date : |
23.08.2011 |
LOCATIONS
|
Registered Office: |
310 Tapo Commercial Center, Ram Mandir Road, Goregaon (West), Mumbai –
400104, Maharashtra, India |
|
Tel. No.: |
91-22-26763513/ 14/ 4048 |
|
Mobile No.: |
91-9322879396 (Mr. Arun Sharma) |
|
Fax No.: |
91-22-26764001 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office/ Factory : |
Nirav 2, Goan Devi Industrial Estate, Sativali, Vasai (East), Thane, Mumbai
– 401205, |
|
Tel. No.: |
91-250-3262624 / 6453954 / 6454305 /06/ 2481511/ 12/ 13 |
|
Fax No.: |
91-250-2480299 |
DIRECTORS
AS ON: 30.09.2010
|
Name : |
Mr. Arun Kumar Sharma |
|
Designation : |
Director |
|
Date of Birth/Age : |
52 years |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
01.11.1994 |
|
|
|
|
Name : |
Mrs. Vandana Sharma |
|
Designation : |
Director |
|
Date of Birth/Age : |
48 years |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
15.12.2004 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Arun Kumar Sharma |
|
24949 |
|
Vandana Sharma |
|
6011 |
|
Jaykaydee Industries Limited |
|
1000 |
|
Realgold Trading Company Private Limited, India |
|
6620 |
|
Alka Diamond Industries Limited, India |
|
7200 |
|
Hema Trading Company Private limited, India |
|
2400 |
|
Kush Hindustan Entertainment Limited, India |
|
11840 |
|
Lexus Infotech Limited, India |
|
2000 |
|
Vanguard Jewels Limited, India |
|
1000 |
|
Yash Jewels Limited, India |
|
2000 |
|
Javda India Impex Limited, India |
|
2000 |
|
Signora Finance Private Limited, India |
|
2000 |
|
|
|
|
|
TOTAL |
|
69020 |
(AS ON 30.09.2010)
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Welding
Equipment |
|
|
|
|
Products : |
·
Plasma Cutting ·
ARC Welding Machines ·
MMA/TIG Welding Machines ·
Inverter Based Welding Machines ·
Thyristor Based Welding Machines ·
MIG/MAG CO2 Welding Machines ·
Submerged (Arc) Welding Machines ·
CNC Plasma/Gas Profile ·
CNC Pipe Profile Cutting Machines ·
Semi Automatic Gas Cutting1 |
GENERAL INFORMATION
|
Customers : |
· 3, Advance Base Workshop, C/0 56 Apo, Udhampur, Jammu and Kashmir · Alpha Laval India Limited, Pune, Maharashtra · Aster Teleservices Private Limited, Hyderabad, Andhra Pradesh · Bhabha Atomic Research Centre, Mumbai, Maharashtra · Bharat Heavy Electricals Limited, Tiruchirapally, Tamilnadu · Bhilai Engineering Corporation Limited, Bhilai, Madhya Pradesh · Bhilai Steel Plant, Bhilai, Chattisgarh · Binani Cement Limited, Pindwara, Rajasthan · Bokaro Steel Plant, Bokaro, Jharkhand · Center for Advanced Technology, Indore, Madhya Pradesh · Central Glass and Ceramic Research Institute, Calcutta, West Bengal · Dalmia Cement (Bharat ) Limited, Dalmiapuram, Tamilnadu, · Deccan Mechanical and Chemical Industries Limited, Pune, Maharashtra · Defence Metallurigical Research Laboratory Hyderabad, Andhra Pradesh, · Defence Science Centre, Metcalfe house, Delhi · Delhi College of Engineering, Bawana Road, Delhi · Director General of EME, MGO branch, Army headquarter, New Delhi · Director General Naval Project (DGNP), Vizag, Andra Pradesh · Director General Naval Project (DGNP), Mumbai, Maharashtra · Directorate General Border Security Force, Saket, Delhi · Directorate of Technical Education, Jodhpur, Rajasthan · Dodsal Limited, Mumbai, Maharashtra · Electronic Corporation of India Limited (ECIL), Hyderabad, Andhra Pradesh · Era Metals Building Systems Limited, Dist. Udham Singhnagar, Uttaranchal · Finolex Cable Limited, Ponda, Goa · Godrej and Boyce Mfg. Company Limited, Mumbai, Maharashtra · Gun Carriage Factory, Jabalpur, Madhya Pradesh · Heavy Engineering Corporation Limited, Ranchi, Jharkhand · Heavy Vehicles Factory, Avadi, Chennai, Tamilnadu · HEG Limited, Rasmada, Chattisgarh · Hindustan Shipyard Limited, Visakhapatnam, Andhra Pradesh · Hindustan Zinc Limited,Udaipur, Rajasthan · Hyderabad Industries Limited, Hyderabad, Andhra Pradesh · IBP Company Limited, Nasik, Maharashtra · India Government MINT, Mumbai, Maharashtra · Indian Navy Ship (INS) Shivaji, Lonavla, Maharashtra · Indian Sugar and General Engg. Corpn., Yamuna Nagar, Haryana · Institute of Plasma Researh, Gandhinagar, Gujarat · Ispat Industries Limited, Raigad, Maharashtra · Jawaharlal Nehru Port Trust, Navi Mumbai, Maharashtra · Jindal Saw Pipes Limited, Taluka Mundra, Dist. Kutch, Gujarat |
|
|
|
|
No. of Employees : |
70 (Approximately) |
|
|
|
|
Bankers : |
· Vijaya Bank SME (SSI) Branch, Goregaon (East), Gogte Wadi, Mumbai – 400063,
Maharashtra, India |
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ashok Anil and Associates Chartered Accountant |
|
Address : |
Andheri, (East), Mumbai – 400069, Maharashtra, India |
CAPITAL STRUCTURE
(AS ON
31.03.20101)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
78520 |
Equity Shares |
Rs.100/-
each |
Rs.7.852
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
7.852 |
7.852 |
6.902 |
|
|
2] Share Application Money |
0.000 |
0.000 |
1.550 |
|
|
3] Reserves & Surplus |
26.763 |
26.403 |
22.501 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
34.615 |
34.255 |
30.953 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
30.361 |
30.574 |
17.893 |
|
|
2] Unsecured Loans |
6.933 |
0.000 |
0.394 |
|
|
TOTAL BORROWING |
37.294 |
30.574 |
18.287 |
|
|
DEFERRED TAX LIABILITIES |
1.584 |
1.408 |
1.170 |
|
|
|
|
|
|
|
|
TOTAL |
73.493 |
66.237 |
50.410 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
24.128 |
21.442 |
20.932 |
|
|
Capital work-in-progress |
2.725 |
3.816 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.045 |
0.045 |
0.045 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
38.315
|
33.579
|
34.972 |
|
|
Sundry Debtors |
35.923
|
24.815
|
25.972 |
|
|
Cash & Bank Balances |
1.525
|
2.872
|
1.546 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
4.119
|
5.548
|
2.804 |
|
Total
Current Assets |
79.882
|
66.814
|
65.294 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
29.987
|
25.880
|
35.861 |
|
|
Other Current Liabilities |
0.000
|
0.000
|
0.000 |
|
|
Provisions |
3.300
|
|
|
|
Total
Current Liabilities |
33.287
|
25.880
|
35.861 |
|
|
Net Current Assets |
46.595
|
40.934
|
29.433 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
73.493 |
66.237 |
50.410 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
113.321 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
|
|
113.321 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw material Consumed |
|
|
88.221 |
|
|
|
Purchases |
|
|
10.690 |
|
|
|
Manufacturing and other Expenses |
|
|
29.286 |
|
|
|
Preliminary expenses W/off |
|
|
0.066 |
|
|
|
Increase / Decrease in stock |
|
|
(21.979) |
|
|
|
TOTAL (B) |
|
|
106.284 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
7.037 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
2.363 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
4.674 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
1.292 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
|
3.382 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
1.519 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
|
1.863 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
|
3.030 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
|
4.893 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
31.80 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
NA
|
NA
|
1.64 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
2.98 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA
|
3.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA
|
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.04
|
1.64
|
1.74 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.40
|
2.58
|
1.82 |
LOCAL AGENCY FURTHER INFORMATION
Bankers Charges
Report as per Registry
|
Name of the company |
TECHNOCRAFTS PLASMA SYSTEMS PRIVATE LIMITED |
|
Presented By |
VIJAYA BANK, GOREGOAN WEST BRANCH, MUMBAI – 400062. |
|
1) Date and description of instrument creating the change |
18.03.2005 Agreement for
demand cash credit against Hypothecation of Stocks and Book Debts. |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs.7.000 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 |
At the request of
the borrower, the bank has sanctioned cash credit limits of Rs.7.000 millions
to secure the due repayment of the limits and for interest and other charges
thereon, first charge and hypothecation of whole of the borrower’s present
and future stocks of raw materials, goods in process or manufacture and all
finished goods and articles such as plasma cutting and energy saving welding
machines, all the current assets and other movables of the company. All the
borrower’s present and future book debts, outstanding monies, receivables,
claims, bills, rights to or immovable properties and movable assets and which
are now due owing or payable or belonging to the borrower or which may at any
time hereafter during the continuance of this security become due, Payable or
belonging to the borrower in the course of the business. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
(a) Interest @
2.00 p.a. over the Vijaya Bank’s prime lending rate of interest as may be
fixed by the Bank from time to time subject to minimum of 13.00 % p.a. on
daily outstanding balance with monthly rest. (b) Margin 30% of
the Hypothecation Assets. |
|
5) Name and Address and description of the person entitled to the charge. |
Vijaya Bank,
S.S.I. Branch, S.V. Road, Goregaon(west), Mumbai – 400062, Maharashtra, India |
|
6) Date and brief description of instrument modifying the charge |
NA |
|
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. |
NA |
|
Corporate
identity number of the company |
U74999MH1994PTC082603 |
||||||
|
Name of the
company |
TECHNOCRAT PLASMA
SYSTEMS PRIVATE LIMITED |
||||||
|
Address of the
registered office or of the principal place of business in |
310 Tapo Commercial Centreram Mandir Road, Goregaon
(West), Mumbai – 400104, Maharashtra, India |
||||||
|
This form is for |
Creation of
charge |
||||||
|
Type of charge |
Immovable
Property Book Debts Movable Property Others: Stocks,
Book Debts etc. |
||||||
|
Particular of
charge holder |
|
||||||
|
Nature of
description of the instrument creating or modifying the charge |
1) Hypothecation Agreement 2) Agreement for demand Cash Credit against
Hypothecation of Stocks and Book Debts 3) No Instrument - Deposit of title Deeds 4) No Instrument - Deposit of title Deeds 5) No Instrument - Deposit of title Deeds 6) No Instrument - Deposit of title Deeds (All the above documents constitute a single Charge) |
||||||
|
Date of
instrument Creating the charge |
25.06.2011 |
||||||
|
Amount secured by
the charge |
Rs.2.000 millions |
||||||
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest : Interest @ 6% + Base
rate (Presently 16% p.a) or such other rate as agreed between the Borrower
and the Bank from time to time. Penal Interest @ 2% p.a in addition to agreed
rate in case of default. Terms of Repayment : Repayment, 3
Months Margin : Margin rate, Against RM &
FG 25% Against Book
Debts 40% Extent and Operation of the charge : At the request of
the Borrower the Bank has sanctioned ADHOC Cash Credit Limit of Rs.2.000
Millions against First Charge and Hypothecation of Stocks of RM, SIP, FG and
Book Debts of the Company and against Mortgage of Property situated at Unit
No. 304, 309, 310, at Tapo Comm. Centre, Goregaon, Gala No. 105, at Gaodevi
Indl. Estate, Vasai, Gala No. 6, 7, 8 and 106,107,108 at Gaodevi Indl.
Estate, Vasai, and Unit No. 7 at Rajyog Indl Estate, Vasai. Others : |
||||||
|
Short particulars
of the property charged |
First Charge and Hypothecation of Stocks of Raw
Material, Stock In Process, Finished Goods and Book Debts of the Company Mortgage of Industrial Gala No. 6,7,8 on
the Gr. Floor, and Gala No. 105, 106, 107,108 Building Known as Nirav No. 2,
in the Industrial Complex, Known as Gaodevi Indl. Estate, Survey No. 44, 45
And 94 At Village Sativali, Vasai Taluka, District Thane. Commercial Unit No.
304, 3rd Floor, Tapo Commercial Centre
At Ram Mandir Road, Goregaon (West). Commercial Unit
No. 310, 3rd Floor Tapo Commercial Centre At Ram Mandir, Goregaon (West). Unit No. 7,
Rajyog Industrial Estate Premises Co-Operative Society Limited At Gokhivare,
Village Vasai. Flat No. A-204,
2nd Floor, in the Building Malhar, in the Vasant Nagari Malhar, Co operative
Housing Society Limited, at Village Manikpur Vasai, Thane. Commercial Unit
No. 309, 3rd Floor, Tapo Commercial Centre Of Ram Mandir Road, Goregaon West. |
WEBSITE DETAILS:
PROFILE:
Subject is an Organisation promoted by 'TECHNOCRATS'. The
Company was conceived in the year 1990, the Period when imports were
discouraged. The Company was to design, develop & manufacture high
technology products in the country. 'TECHNOCRATS' became market leader within 3
years of its inception in the field of Plasma Cutting Systems. The company has
continued to Occupy the position of market leader for Plasma Cutting Systems in
the country.
The Encouragement received from the users made 'TECHNOCRATS'
diversify into the field of Welding Machines and Systems. The company is Number
one producer of inverterised Welding Machines in the country today and is fast
approaching towards becoming market leader for the entire range of welding
equipment's and systems in the near future.
The company has its own R&D, Production, Marketing and
after Sales Service network throughout the country. Thousands of users vouch
for the quality of products and after sales services. The company has entered
into the new millennium with financial turnover of rupees 50 millions. Having
consolidated its position in the Indian market today, the company is all set to
take on bigger Challenges and face the international competition.
Many Products manufactured by the company are based on
latest technology such as PSM, TOPOLOGY, DSP, Micro Controllers etc. and the
entire range is soon to be available only with such advance features.
Automation Division at Technocrats is functional now and
products such as CNC Plasma/ Flame Cutting etc. in various models are
available. Welding and Plasma cutting applications with robot can be tailored
as per the requirements of the customers.
Technocrats as over 80 distributors and 500 dealers for the
domestic market today. Strong marketing team of over 70 qualified Engineers are
present all over the country to service the requirements of the valued
customers.
Technocrats is all set to reach the sales target of Rs.1000
Millions by year 2010.
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.45.69 |
|
|
1 |
Rs.75.29 |
|
Euro |
1 |
Rs.65.77 |
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 |
5 |
|
--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 |
|
45 |
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.