%20LIMITED%20-%20162880%2013-Dec-2011_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
13.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
ROSOBORONSERVICE (INDIA) LIMITED |
|
|
|
|
Registered
Office : |
R-700, TTC Industrial Estate, MIDC Rabale, P.O. Ghansoli, Navi Mumbai
– 400701, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
28.04.2005 |
|
|
|
|
Com. Reg. No.: |
11-152890 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.6.750 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH2005PLC152890 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR18379E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCR0040B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Engineering and System Support to Shipping Industry and Supply Defence
Equipment to the Navy. |
|
|
|
|
No. of Employees
: |
40 (Approximately) (In Office + In Branches) |
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 74000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. The
company has improved its performance in the year 2009-10. 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
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. Sunil Mokashi |
|
Designation : |
Senior Accounts Department |
|
Contact No.: |
91-22-27641945 |
|
Date : |
12.12.2011 |
LOCATIONS
|
Registered Office : |
R-700, TTC Industrial Estate, MIDC Rabale, P.O. Ghansoli, Navi Mumbai
– 400701, Maharashtra, India |
|
Tel. No.: |
91-22-27641945 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Branch Offices : |
Locate at ·
Goa ·
Delhi |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Gopalan Jayaprakasan Vattappurayidathil |
|
Designation : |
Managing Director |
|
Address : |
A-27, AWHO, Dara Enclave, Sector – 9, Nerual, Navi Mumbai – 400 706, |
|
Date of Birth : |
20.01.1946 |
|
Date of Appointment : |
28.04.2005 |
|
DIN No.: |
00837992 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U35110MH1995PTC085711 |
Krasny
Marine Services Private Limited |
Managing
director |
20-02-95 |
20-02-95 |
- |
Active |
NO |
|
2 |
U29210MH1998PTC116143 |
Krasny
Corporate And Technical Services Private Limited |
Managing
director |
05-08-98 |
05-08-98 |
- |
Active |
NO |
|
3 |
U74999MH2005PLC152890 |
Rosoboronservice
(India) Limited |
Managing
director |
28-04-05 |
28-04-05 |
- |
Active |
NO |
|
Name : |
Mr. Vladimir Grigorievich Peshekhonov |
|
Designation : |
Director |
|
Address : |
Ul (Str) Podrezova, Plot 21, Flat 1, St Petersburg - 197 136, Russian
Federation |
|
Date of Birth/Age : |
14.06.1934 |
|
Date of Appointment : |
28.04.2005. |
|
DIN No.: |
02623188 |
|
|
|
|
Name : |
Mr. Konstantin Yurievich Shilov |
|
Designation : |
Director |
|
Address : |
Ul (Str) Lizy Chaykinv,
Plot 22, Flat 87, St. Petersburg - 197 198, Russian Federation |
|
Date of Birth/Age : |
12.05.1952 |
|
Date of Appointment : |
10.06.2008 |
|
DIN No.: |
02623196 |
|
|
|
|
Name : |
Mr. Alexander Alexeevich Kopanev |
|
Designation : |
Director |
|
Address : |
Moscovskiy Pospekt, Plot 197, Flat 123, St Petersburg – 196066,
Russian Feredation |
|
Date of Birth/Age : |
17.02.1950 |
|
Date of Appointment : |
28-04-2005 |
|
DIN No.: |
02623204 |
|
|
|
|
Name : |
Mr. Georgy Anatolievich Korzhavin |
|
Designation : |
Director |
|
Address : |
Ul (Str) Malichnaya, Plot 55, Flat 53, St Petersburg – 197155, Russian
Federation |
|
Date of Birth/Age : |
26-12-1945 |
|
Date of Appointment : |
28-04-2005 |
|
DIN No.: |
02623215 |
|
|
|
|
Name : |
Mr. Obnosov Victorovich Boris |
|
Designation : |
Director |
|
Address : |
Ul (Str) Vilnyusskaya, Plot 15, Flat 68, Moscow – 117574, Russian
Federation |
|
Date of Birth/Age : |
26-01-1953 |
|
Date of Appointment : |
28-04-2005 |
|
DIN No.: |
02623224 |
|
|
|
|
Name : |
Mr. Victor Alexandrovich |
|
Designation : |
Director |
|
Address : |
Vehsnya Kovskaya Str, Plot 3(1), Flat 89, Moscow - 111 402, Russian
Federation |
|
Date of Birth/Age : |
16-05-1945 |
|
Date of Appointment : |
28-04-2005 |
|
DIN No.: |
02623230 |
|
|
|
|
Name : |
Mr. Anatoly Petrovich Isaykin |
|
Designation : |
Director |
|
Address : |
Ul (Str) Veshnyakovskaya, Bldg. 1, Flat 103, Moscow - 111 402, Russian
Federation |
|
Date of Birth/Age : |
17-12-1946 |
|
Date of Appointment : |
10-06-2008 |
|
DIN No.: |
02623240 |
|
|
|
|
Name : |
Mr. Anatoly Dmitrievich |
|
Designation : |
Director |
|
Address : |
Flat No.12, Block III No.16, Rubloske Shosse, Moscow – 121615, Russian
Federeation |
|
Date of Birth/Age : |
24-05-1943 |
|
Date of Appointment : |
28-04-2005 |
|
DIN No.: |
02822201 |
|
|
|
|
Name : |
Mr. Sergey Ivan Melekhin |
|
Designation : |
Director |
|
Address : |
18/1, Ovchinnikovskaya nab, Muscow, 113324, Russian Federation |
|
Date of Birth/Age : |
28-03-1957 |
|
Date of Appointment : |
28-04-2005 |
|
DIN No.: |
02855178 |
|
|
|
|
Name : |
Mr. Victor Mikhail Komardin |
|
Designation : |
Director |
|
Address : |
Udaltsova Street, Bldg No. 7, Wing No.1, Flat No. 45, Moscow - 119
415, Russian Federation |
|
Date of Birth/Age : |
29-08-1952 |
|
Date of Appointment : |
17-03-2009 |
|
DIN No.: |
02855223 |
|
|
|
|
Name : |
Mr. Ivan Ivanovich Dobrik |
|
Designation : |
Director |
|
Address : |
Bldg. No.11, Room No. 238, Pokryshkina Street, Moscow – 119361,
Russian Federation |
|
Date of Birth/Age : |
03-08-1959 |
|
Date of Appointment : |
30-09-2008 |
|
DIN No.: |
02913561 |
KEY EXECUTIVES
|
Name : |
Mr. Sunil Mokashi |
|
Designation : |
Senior Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Fsue Rosoboronexport, Russian Federation |
|
17550 |
|
Krasny Marine Services Private Limited, India |
|
16875 |
|
FGUP GMZ Salyut |
|
4725 |
|
OAO NPF Meridian |
|
4725 |
|
FGUP GRANIT TSNII |
|
4725 |
|
FGUP NPO Avrora |
|
4725 |
|
FGUP TSNII Elektropribor |
|
4725 |
|
OAO Korporatisya Takticheskoye Raketnoye Vooruzheniye |
|
4725 |
|
OAO MNIIRE Altair |
|
4725 |
|
Total |
|
67500 |
As on 30.09.2010
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
75.00 |
|
Bodies corporate |
25.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Engineering and System Support to Shipping Industry and Supply Defence
Equipment to the Navy. |
||||
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|
|
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|
Products : |
|
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|
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|
Terms : |
|
||||
|
Selling : |
L/C, Cash and Credit |
||||
|
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|
||||
|
Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Wysetek System Technologies |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Customers : |
End Users and OEM’s ·
Cochin Shipyard Limited ·
Naval Aircraft Yard |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
40 (Approximately) (In Office + In Branches) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
·
ICICI Bank ·
The
JSC VTB Bank, Mezzanine Floor, The Taj Mahal Hotel No. 1, Man Singh Road, New
Delhi – 110 011, India ·
Axis Bank, Corporate Banking Branch, Ground Floor ,Axis House Bombay Dyeing Mills
Compound, P.B Marg ,Worli, Mumbai - 400025, Maharashtra, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Asit Mehta and Associates Chartered Accountants |
|
Address : |
501-4, Midas Chambers, Near Fun Republic Multiplex, Off Andheri Link
Road, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
PAN.: |
AAOFA3603M |
|
|
|
|
Associates : |
·
Kransy Marine Services Private Limited, Belapur,
Mumbai, Maharashtra, India ·
FSUE Rosoboron (Export) |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
67500 |
Equity Shares |
Rs.100/- each |
Rs.6.750 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
67500 |
Equity Shares |
Rs.100/-
each |
Rs.6.750
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 |
6.750 |
6.750 |
6.750 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
11.774 |
1.292 |
1.136 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
18.524 |
8.042 |
7.886 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
96.808 |
97.022 |
0.706 |
|
|
2] Unsecured Loans |
0.000 |
2.500 |
0.000 |
|
|
TOTAL BORROWING |
96.808 |
99.522 |
0.706 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
115.332 |
107.564 |
8.592 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
107.678 |
1.982 |
1.894 |
|
|
Capital work-in-progress |
4.668 |
104.543 |
1.000 |
|
|
Intangible Assets |
1.134 |
1.701 |
2.268 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1.168
|
0.000 |
0.000 |
|
|
Sundry Debtors |
66.685
|
69.637 |
45.871 |
|
|
Cash & Bank Balances |
3.471
|
34.976 |
3.990 |
|
|
Other Current Assets |
0.014
|
0.173 |
0.007 |
|
|
Loans & Advances |
3.785
|
3.474 |
1.692 |
|
Total
Current Assets |
75.123
|
108.260 |
51.560 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
46.252
|
99.915 |
46.101 |
|
|
Other Current Liabilities |
22.869
|
7.500 |
1.090 |
|
|
Provisions |
4.150
|
1.550 |
1.025 |
|
Total
Current Liabilities |
73.271
|
108.965 |
48.216 |
|
|
Net Current Assets |
1.852
|
(0.705) |
3.344 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.043 |
0.086 |
|
|
|
|
|
|
|
|
TOTAL |
115.332 |
107.564 |
8.592 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
559.928 |
445.685 |
202.397 |
|
|
|
Other Income |
3.386 |
0.274 |
0.245 |
|
|
|
TOTAL (A) |
563.314 |
445.959 |
202.642 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases and other Direct Expenses |
493.314 |
413.425 |
167.432 |
|
|
|
Administration cost and other Expenditure |
40.066 |
29.467 |
32.793 |
|
|
|
Preliminary Expenses Written Off |
0.043 |
0.043 |
0.043 |
|
|
|
Prior Period Item |
0.264 |
0.429 |
0.168 |
|
|
|
TOTAL (B) |
533.687 |
443.364 |
(Including
Financial Charges) |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
29.627 |
2.595 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
12.086 |
1.101 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
17.541 |
1.494 |
2.206 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.458 |
0.812 |
0.776 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
13.083 |
0.682 |
1.430 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
2.601 |
0.525 |
0.725 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
10.482 |
0.157 |
0.705 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.293 |
1.136 |
0.431 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
11.775 |
1.293 |
1.136 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
155.29 |
2.32 |
10.44 |
|
%20LIMITED%20-%20162880%2013-Dec-2011_files/image003.gif){kind=small}
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover (Approximately) |
|
|
1000.000 (More Order executed
business is growing) |
Expected Sales (2011-2012) : Rs.1500.000 Millions
The above information has been parted by Mr. Sunil Mokashi.
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.86
|
0.04 |
0.35 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.34
|
0.15 |
0.071 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.07
|
0.01 |
0.03 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.71
|
0.08 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
9.18
|
25.92 |
6.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.03
|
0.99 |
1.07 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
Yes |
|
5) Type of Business |
Yes |
|
6) Line of Business• |
Yes |
|
7) Promoter’s background |
-- |
|
8) No. of employees |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last two years |
Yes |
|
12) Profitability for last three years |
No |
|
13) Reasons for variation <> 20% |
No |
|
14) Estimation for coming financial year |
Yes |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
Yes |
|
18) Major customers |
Yes |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
No |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
No |
|
28) Incorporation details, if applicable |
-- |
|
29) Last accounts filed at ROC |
-- |
|
30) Major Shareholders, if available |
-- |
FINANCIAL RESULTS:
During the Third financial year, the Company has earned Net Profit After
Taxation of Rs.10.482 Millions (Previous Year : Net Profit After Taxation of
Rs.0.157 Million.
CONTINGENT LIABILITY:
(Rs. In Millions)
|
Particulars |
31.03.2010 |
31.03.2009 |
|
1)
Contingent Liabilities
– not provided for |
|
|
|
a.
Bank Guarantees |
29.677 |
29.412 |
|
b. Disputed Tax liabilities |
0.794 |
0.000 |
|
c. Legal Cases |
0.000 |
0.000 |
|
d. Others |
0.000 |
0.000 |
|
2)
Estimated amounts of contracts
remaining to be executed on capital account and not provided for, net
advances. |
19.704 |
Not Available |
FORM 8:
|
Corporate
identity number of the company |
U74999MH2005PLC152890 |
|
Name of the
company |
ROSOBORONSERVICE
(INDIA) LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
R-700, TTC Industrial Estate, MIDC Rabale, P.O. Ghansoli, Navi Mumbai
– 400701, Maharashtra, India E-Mail : office@rosoboronserviceindia.com
|
|
This form is for
|
Creation of charge |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
Axis Bank,
Corporate Banking Branch, Ground Floor ,Axis House Bombay Dyeing Mills
Compound, P.B Marg ,Worli, Mumbai - 400025, Maharashtra, India E-mail : adlalwani@rediffmail.com |
|
Nature of
instrument creating charge |
1. Memorandum of
entry (equitable of mortgage by deposit of title deeds) |
|
Date of
instrument Creating the charge |
16.09.2011 |
|
Amount secured
by the charge |
Rs.150.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest As stipulated by
bank from time to time Terms of
repayment As stipulated by
bank from time to time Margin As stipulated by
bank from time to time Extent and
operation of the charge First charge
(present and future) = bank guarantee
limit of Rs.150.000
Millions and/ or as stipulated by bank
from time to time Others As stipulated by
bank from time to time and as per agreement attached and as per sanction
letter of the bank |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
First charge
(present and future)=(1) emg of all that piece of land admeasuring about 1488
sq mts, bearing plot no R-700,in the trans trans creek industrial area,
within the village limits of tatavli and limits of navi Mumbai municipal
corporation in rural area, taluka and registration sub-dist of thane,
district and registration district of thane and bounded as follows:- on or
towards north by nalla: on oor towards the south by estate road:- on or
towards the east by plot no R-701 and on or towards west by east road
together with building and structure standing thereon |
FIXED ASSETS
·
Building
·
Plant and Machinery
·
Office Equipment
·
Computer
·
Furniture and Fixtures
·
Vehicles
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.52.42 |
|
|
1 |
Rs.81.92 |
|
Euro |
1 |
Rs.69.94 |
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 |
YES |
|
--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.