BUSINESS INFORMATION REPORT
1. Summary Information
|
|
|
Country |
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Company Name |
SAUMYA MINING LIMITED |
Principal Name 1 |
MR. AJAY KUMAR JAIN |
|
Status |
SATISFACTORY |
Principal Name 2 |
MRS. PRADANYA JAIN |
|
|
|
Registration # |
10-011152 |
|
Street Address |
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||
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Established Date |
22.08.1996 |
SIC Code |
-- |
|
Telephone# |
91-771-2536956/ 2226728 |
Business Style 1 |
SUBJECT IS ENGAGED IN EXTRACTION
AND MINING ACTIVITIES VIZ. COAL, URANIUM AND METALLIFEROUS MINING |
|
Fax # |
91-771-2226728 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
1100 |
Product Name 2 |
-- |
|
Paid up capital |
Rs.23,422,500/- |
Product Name 3 |
-- |
|
Shareholders |
BODIES CORPORATE-28.77% DIRECTORS OR RELATIVES OF DIRECTORS-70.88% OTHER TOP FIFTY SHAREHOLDERS-0.35% |
Banking |
CITI BANK N.A |
|
Public Limited Corp. |
NO |
Business Period |
14 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (50) |
|
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 |
998,492,000
|
Current Liabilities |
582,228,000
|
|
Inventories |
31,469,000
|
Long-term Liabilities |
771,440,000 |
|
Fixed Assets |
805,718,000 |
Other Liabilities |
51,463,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
1,405,131,000 |
|
Invest& other Assets |
184,075,000 |
Retained Earnings |
563,700,000 |
|
|
|
Net Worth |
614,623,000 |
|
Total Assets |
2,019,754,000 |
Total Liab. & Equity |
2,019,754,000 |
|
Total Assets (Previous Year) |
1,378,892,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
1,787,300,000 |
Net Profit |
44,900,000 |
|
Sales(Previous yr) |
1,602,833,000 |
Net Profit(Prev.yr) |
54,115,000 |
MIRA
INFORM REPORT
|
Report Date : |
22.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
SAUMYA MINING LIMITED |
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Formerly Known
As : |
SAUMYA MINING PRIVATE LIMITED |
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Registered
Office : |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
22.08.1996 |
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|
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Com. Reg. No.: |
10-011152 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51102CT1996PLC011152 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JBPS01275B |
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|
|
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PAN No.: [Permanent Account No.] |
AADCS5050J |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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|
Line of Business
: |
Subject is engaged in Extraction
and Mining activities viz. Coal, Uranium and Metalliferous Mining. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2458000 |
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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 and a reputed company having satisfactory
track. Trade relations are reported as fair. Business is active. Payments are
reported to be regular 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 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
|
Registered Office : |
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Tel. No.: |
91-771-2536956/ 2226728 |
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Fax No.: |
91-771-2226728 |
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E-Mail : |
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Website : |
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Corporate Office : |
Hari Kripa CB – 25, Sector – 1, |
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Tel. No.: |
91-33-23342768 / 23595526 |
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Fax No.: |
91-33-23371017 |
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E-Mail : |
DIRECTORS
As on 29.09.2009
|
Name : |
Mr. Ajay Kumar Jain |
|
Designation : |
Director |
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Address : |
230, Shankar Nagar, |
|
Date of Birth/Age : |
30.09.1964 |
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Date of Appointment : |
22.08.1996 |
|
DIN No.: |
00161846 |
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Name : |
Mrs. Pradanya Jain |
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Designation : |
Director |
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Address : |
230, Shankar Nagar, |
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Date of Birth/Age : |
27.10.1964 |
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Date of Appointment : |
22.08.1996 |
|
DIN No.: |
00256387 |
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Name : |
Mr. Ashok Anoopchand Jain |
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Designation : |
Managing Director |
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Address : |
DL-53, Sector – II, |
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Date of Birth/Age : |
16.12.1961 |
|
Qualification : |
B.Com (Hons), DBM |
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Experience : |
Over 28 Years |
|
Date of Appointment : |
29.11.2010 |
|
DIN No.: |
00161865 |
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|
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|
Name : |
Mr. Teka Nungsang Mannen |
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Designation : |
Director |
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Address : |
T.N. Mannen (IAS), Near Sub Jail, Kashiram, Dimapur – 797 112, |
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Date of Birth/Age : |
03.12.1949 |
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Date of Appointment : |
15.09.2009 |
|
DIN No.: |
02395309 |
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Name : |
Mr. Vashi Badlani |
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Designation : |
Director |
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Name : |
Mr. Anoopchand Jain |
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Designation : |
Director
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Address : |
230, Shankar Nagar, |
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Date of Birth/Age : |
23.09.1935 |
|
Date of Appointment : |
15.03.2007 |
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Date of Ceasing : |
10.10.2008 |
|
DIN No.: |
00061882 |
KEY EXECUTIVES
|
Name : |
N. K. Sharma |
|
Designation : |
Group President |
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TECHNICAL TEAM |
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|
Name : |
R.C. Singh |
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Designation : |
AISM (Ex-Mining Head, Lafarge) |
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Name : |
D.K. Sarkar |
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Designation : |
Chief of Survey (Ex-Chief Survey Officer, Coal India Ltd.) |
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PROJECT TEAM |
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|
Name : |
H.K. Chowdhury |
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Designation : |
Project Officer, Uranium (Ex-GM, Coal India Ltd.) |
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Name : |
S.P. Shukla |
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Designation : |
Project Officer, Amlohri (Ex-GM, Coal India Ltd.) |
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Name : |
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Designation : |
(Project Officer, Lafarge) |
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Name : |
A.K. Gupta |
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Designation : |
AISM (Project Officer, Aggregate) |
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OPERATIONS AND MAINTENANCE TEAM |
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Name : |
D.K. Das |
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Designation : |
GM (Technical) (Ex-GM, BEML) |
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Name : |
O.S. Nair |
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Designation : |
Er. (Mechanical) |
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FINANCE TEAM |
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|
Name : |
Kshitij Jain |
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Designation : |
Chartered Accountant |
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Name : |
Sunil Maheshwari |
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Designation : |
MBA Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2009
|
Names of Shareholders |
No. of Shares |
|
Anoopchand Jain |
17150 |
|
Gunmala Jain |
25650 |
|
Ashok Jain |
216900 |
|
Ajay Jain |
58125 |
|
Pradanya Jain |
387950 |
|
Vaishali Jain |
103925 |
|
Saumya Jain |
47500 |
|
Ashok Jain (HUF) |
37500 |
|
Ajay Jain (HUF) |
123500 |
|
D.K. Das (Employee) |
5000 |
|
Omega Knitfab Private Limited |
209550 |
|
Saumya Infraventure Private Limited |
203750 |
|
Total
|
1436500 |
As on 29.09.2009
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
28.77 |
|
Directors
or relatives of directors |
|
70.88 |
|
Other
top fifty shareholders |
|
0.35 |
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Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Extraction
and Mining activities viz. Coal, Uranium and Metalliferous Mining. |
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GENERAL INFORMATION
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No. of Employees : |
1100 (Approximately) |
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Bankers : |
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Facilities : |
Notes: Nature of
securities for Secured Loans 1. Loan from Non Banking Financial Institutions are secured against
hypothecation of trucks/ machineries which are finance by them. 2. Loan from Bankers are secured against hypothecation of machineries
which are finance by them. 3. Loan from Bankers/ Financial Institutions are further secured
against personal guarantee of directors. |
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Banking
Relations : |
-- |
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Financial
Institute : |
Sundaram Finance Limited, |
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Auditors : |
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Name : |
Pukhiraj and Associates Chartered Accountants |
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Address : |
204, 1st Floor, Rajiv Gandhi Complex, Bal Ashram, Kutchery
Chowk, |
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Tel. No.: |
91-771-2227591 / 2539648 |
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Fax No.: |
91-771-2539648 |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 millions |
|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2342250 |
Equity Shares |
Rs.10/- each |
Rs.23.423
millions |
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|
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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 |
23.423 |
11.969 |
9.904 |
|
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2] Share Application Money |
27.500 |
47.910 |
80.800 |
|
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3] Reserves & Surplus |
563.700 |
301.154 |
207.804 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
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NETWORTH |
614.623 |
361.033 |
298.508 |
|
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LOAN FUNDS |
|
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1] Secured Loans |
766.440 |
551.177 |
658.509 |
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2] Unsecured Loans |
5.000 |
48.888 |
54.947 |
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TOTAL BORROWING |
771.440 |
600.065 |
713.456 |
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DEFERRED TAX LIABILITIES |
13.423 |
15.996 |
14.977 |
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TOTAL |
1399.486 |
977.094 |
1026.941 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
805.718 |
814.877 |
764.554 |
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Capital work-in-progress |
0.000 |
12.622 |
11.445 |
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INVESTMENT |
183.957 |
8.944 |
8.445 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
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Inventories |
31.469
|
29.930
|
11.157 |
|
|
Sundry Debtors |
419.879
|
183.206
|
196.343 |
|
|
Cash & Bank Balances |
164.024
|
106.783
|
74.182 |
|
|
Other Current Assets |
414.103
|
200.464
|
196.002 |
|
|
Loans, Advances & Deposits |
0.486
|
21.826
|
31.590 |
|
Total
Current Assets |
1029.961
|
542.209
|
509.274 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
206.506
|
201.933
|
85.914 |
|
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Other Current Liabilities |
375.722
|
168.540
|
141.122 |
|
|
Provisions |
38.040
|
31.325
|
40.117 |
|
Total
Current Liabilities |
620.268
|
401.798
|
267.153 |
|
|
Net Current Assets |
409.693
|
140.411
|
242.121 |
|
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|
|
|
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MISCELLANEOUS EXPENSES |
0.118 |
0.240 |
0.376 |
|
|
|
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|
|
|
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TOTAL |
1399.486 |
977.094 |
1026.941 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1787.300 |
1602.833 |
1011.985 |
|
|
|
Other Income |
5.500 |
5.694 |
7.435 |
|
|
|
TOTAL (A) |
1792.800 |
1608.527 |
1019.420 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Cost of Goods Sold |
1515.600 |
(31.780) |
11.168 |
|
|
|
Work Expenses |
|
1289.939 |
761.689 |
|
|
|
Administrative Expenses |
|
99.754 |
78.925 |
|
|
|
TOTAL (B) |
1515.600 |
1357.913 |
851.782 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
277.200 |
86.528 |
167.638 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST &
FINANCIAL EXPENSES (D) |
82.100 |
52.042 |
31.683 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
195.100 |
34.486 |
135.955 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
124.300 |
116.529 |
81.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
70.800 |
82.043 |
54.555 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
25.900 |
27.928 |
19.831 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
44.900 |
54.115 |
34.724 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
159.500 |
105.400 |
70.700 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
204.400 |
159.500 |
105.400 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
19.19 |
45.21 |
35.07 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
2.50 |
3.36
|
3.41 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.96 |
5.12
|
5.39 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.86 |
6.05
|
4.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.23
|
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.26 |
2.77
|
3.29 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.66 |
1.35
|
1.91 |
LOCAL AGENCY FURTHER INFORMATION
NOTE
Registered Office
of the company has been shifted from
THE BUSINESS
During the year,
the company has once again grown leaps and bounds in terms of sales, net worth
and assets. The company has been able to maintain its track record of
excellence by clinching a growth of 2.23% in turnover, over the previous year.
After successfully venturing into niche area like uranium mining and having
developed core competency in the field of mining, they have entered into
captive mining in the current year in a bigger way through joint venture route
by joining hands with acclaimed companies.
AUTHORISED SHARE CAPITAL
The authorised
Share Capital of company is Rs.100.000 millions divided into 100,00,000 equity
shares of Rs.10 each till 31st March, 2010 only. It is to be further
noted that 23,42,250 shares were allotted as fully paid-up.
THE OPPORTUNITIES AND FUTURE OUTLOOK
The company has
been able to turn the global recession in an opportunity for asset acquisitions
and further expansion. The previous year being an era of Merger, Acquisition,
Diversification and Joint Venture with the features of growth oriented Indian
economy, Government's emphasis on infrastructure sector has prompted Saumya
Mining to formulate structured plans to leverage the opportunities ahead in
this segment. To capitalize the enormous opportunities rising under the infrastructure
development in New Capital Region (NCR),
Besides activities
in mining, their venture to enter into few other business areas are being
explored in order to diversify company's activities. The company is accordingly
focused towards:
·
Operation of large mechanized opencast mine as big
capacity as 40 million cum meter of composite excavation a year.
·
Underground mining operation.
·
Mining in captive coal block in Nagaland.
·
Diversification in activities in Coal
Beneficiation.
·
In Aggregate Business
·
In Exploration activities and MoEF clearance
process.
·
In City Gas Distribution (CGD) – to start with, at
The Team to Take Forward
The company has
built up a core team consisting of senior management personnel, reputed
consultants and advisors to shape the future diversification process and its
successful implementation. While exploring business opportunities, the team is
devoted to prepare strategic business plan for the company coupled with system
driven operational processes to convert the opportunities into business. With
all these in place, the company will be in a position to concretize in
strengthening the business in particular and the industry as well as the
society at large.
THE ISO CERTIFICATION
The company has
established its position as one of the leading mining companies in the country
and is certified with:
·
Quality Management System – ISO 9001: 2008
·
Environment Management System – ISO 14001: 2004
·
Occupational Health and Safety Management System in
Mechanized Opencast Mining OHSAS 18001:2007
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U51102CT1996PLC011152 |
|
Name of the
company |
SAUMYA MINING LIMITED |
|
Address of the
registered office or of the principal place of business in |
E-Mail: jainpukhraj@yahoo.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book Debts Others (Current
Assets) |
|
Particular of
charge holder |
Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227, D, Nariman Point, Mumbai – 400 021, Maharashtra, India E-Mail: john.fernandes@kotak.com |
|
Nature of
description of the instrument creating or modifying the charge |
Deed of
Hypothecation. |
|
Date of instrument
Creating the charge |
29/01/2011 |
|
Amount secured by
the charge |
Rs.5.000 millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest:
5% p.a. Terms of
Repayment: Tenure of 35 months. Extent and
Operation of the charge: First and exclusive charge created by way of
Hypothecation in favour of Kotak Mahindra Bank on the Current assets of the
Company. |
|
Short particulars
of the property charged |
Current assets of
the Company. |
|
Corporate
identity number of the company |
U51102CT1996PLC011152 |
|
Name of the
company |
SAUMYA
MINING LIMITED |
|
Address of the
registered office or of the principal place of business in |
|
|
This form is for |
Creation of
charge |
|
Type of charge |
Others - Hypothecation |
|
Particular of
charge holder |
Sundaram Finance Limited, Emil ID: pv@sundaramfinance.in
|
|
Nature of
instrument creating charge |
Hypothecation
Agreement Dated 31.07.2010 Bearing Cont # FZ564176 |
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Date of
instrument Creating the charge |
31.07.2010 |
|
Amount secured by
the charge |
Rs.7.225 millions
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 13.08%P. A. Terms of
Repayment The total amount of
Rs.7.225 millions finance amount -- Rs.5.660 millions + interest-- Rs.1.564
millions) is repayable in 41 installments as given in the second schedule in
9 of the attachment. The 1st installment date is 10.09.2010. Margin Nil Extent and
Operation of the charge The total amount
of Rs.7.225 millions finance amount -- Rs.5.660 millions + interest--
Rs.1.564 millions) is repayable in 41 installments as given in the second
schedule in 9 of the attachment. The 1st installment date is 10.09.2010. |
|
Short particular
of the property or asset(s) charged |
The asset located
at Po:harikripa, |
|
Name of the company |
SAUMYA MINING LIMITED |
|
Presented By |
Mr. Pradanya Jain, rector |
|
1) Date and description of instrument creating the change |
Loan cum
hypothecation agreement dated 24.08.2004 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs.6.655 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 |
One agreement for
1 No. Hydraulic Excavator Invoice
No.VCE/BLR/152/2004 Model No.Volvo
EC-290 BLC Mention the loan
cum hypothecation agreement |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
First and
exclusive charge on 1 Np. Hydraulic Excavator along with the interest @6.00%
p.a. As per loan cum
hypothecation agreement. |
|
5) Name and Address and description of the person entitled to the charge. |
|
|
6) Date and brief description of instrument modifying the charge |
Not Applicable |
|
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 |
FIXED ASSETS
- Truck
- Machinery
- Office Equipment
- Computer
- Furniture
- Car and Jeep
- Cycle and Scooter
- Land
- Building
WEB DETAILS
PROFILE
On 17th Sept 1955 their
Chairman laid the foundation of a proprietary firm. This firm progressed and
prospered under his leadership and guidance. The firm on it’s journey ahead
grew from a proprietary business to a partnership firm and then to a
Professional Mining Solution Provider - Saumya Mining Limited (SML), in the
present form. SML’s activities in the last five decades, has seen it
undertaking challenges successfully in diverse conditions all over
Subject’s track
record, its ability to adapt the working conditions to whatever adversity a
site can present and its reputation for timely completion, has made the company
a Partner of Choice.
Subject has been able to maintain its track record of excellence by clinching a
growth of 63.04% and 55.90% in turnover and net profit respectively over the
previous year despite the ongoing global recession. After successfully
venturing into niche area like uranium mining and having developed core
competency in the field of mining, they are poised to enter into captive mining
in the current year in a bigger way through joint venture route by joining hand
with acclaimed companies.
Subject has built up a core team consisting of senior management personnel,
reputed consultants and advisors to shape the future diversification process
and its successful implementation. While exploring business opportunities, the
team is devoted to prepare strategic business plan for the company coupled with
system driven operational processes to convert the opportunities into business.
Subject has established its position as
one of the leading mining companies in the country internationally certified
for:
- Quality
Management System – ISO 9001 : 2000
- Environment
Management System – ISO 14001 : 2004
- Occupational
Health and Safety Management System in Mechanized Opencast Mining – OHSAS
18001 : 2007
The company is a custodian of more than 1100 strong workforce comprising mostly
of skilled personnel led by a group of competent, qualified experienced
engineers and managers.
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.45.05 |
|
|
1 |
Rs.73.05 |
|
Euro |
1 |
Rs.63.81 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
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 |
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 |
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--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
50 |
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.