1. Summary Information
|
|
|
Country |
India |
|
Company Name |
FREUDENBERG NONWOVENS INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Bruce Robert Olson |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Ramesh Gnanasekharan |
|
|
|
Registration # |
18-078651 |
|
Street Address |
No.104, Poonamallee High Road, Opposite Sindhi College,
Vellappanchavadi, Chennai-600077, Tamilnadu, India |
||
|
Established Date |
30.03.1998 |
SIC Code |
-- |
|
Telephone# |
91-44-32512477 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-44-24715420 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Woven Products |
|
|
# of employees |
100 (approximately) |
Product Name 2 |
Nonwoven Products |
|
Paid up capital |
Rs.24,000,000 |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings (100%) |
Banking |
Dresdner
Bank AG |
|
Public Limited Corp. |
NO |
Business Period |
13 years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Fellow
Subsidiary |
-- |
Freudenberg Far Eastern Spunweb Company Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
209,488,000 |
Current Liabilities |
124,717,000 |
|
Inventories |
73,105,000 |
Long-term Liabilities |
0,000 |
|
Fixed Assets |
35,869,000 |
Other Liabilities |
57,143,000 |
|
Deferred Assets |
19,318,000 |
Total Liabilities |
181,860,000 |
|
Invest& other Assets |
1,161,000 |
Retained Earnings |
133,081,000 |
|
|
|
Net Worth |
157,081,000 |
|
Total Assets |
338,941,000 |
Total Liab. & Equity |
338,941,000 |
|
Total Assets (Previous Year) |
460,673,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
NA |
Net Profit |
NA |
|
Sales(Previous yr) |
NA |
Net Profit(Prev.yr) |
NA |
MIRA
INFORM REPORT
|
Report Date : |
11.11.2011 |
|
|
|
|
Tel. No.: |
91-44-24715421 |
IDENTIFICATION DETAILS
|
Name : |
FREUDENBERG NONWOVENS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.104, Poonamallee High Road, Opposite Sindhi College,
Vellappanchavadi, Chennai-600077, Tamilnadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
30.03.1998 |
|
|
|
|
Com. Reg. No.: |
18-078651 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs.24.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29197TN1998PTC078651 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEF03311A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of woven and non-woven products |
|
|
|
|
No. of
Employees: |
100 (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 600000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of Freudenberg Betelinus GmbH, Germany Company
has been successful in wiping off all its previous losses. Trade relations are
reported as fair. Business is active. Payments are reported as usually
correct and as per commitments. The company can be considered normal for business dealings at usual
trade term and conditions. Profit and Loss Account of the year 2009 and 2010
is not given. |
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) |
|
India |
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. Dinakar |
|
Designation : |
Assistant Manager |
|
Contact No.: |
91-44-32572477 |
|
Date : |
10.11.2011 |
LOCATIONS
|
Registered Office : |
No.104, Poonamallee High Road, Opposite Sindhi College,
Vellappanchavadi, Chennai-600077, Tamilnadu, India |
|
Tel. No.: |
91-44-32512477 |
|
Fax No.: |
91-44-24715420 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Branch Office : |
200, Sai Sampanna, |
|
E-Mail Id : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
No. 4/14, |
|
Tel. No.: |
91-44-24715421 |
|
Fax No.: |
91-44-24715420 |
|
|
|
|
Factory 1 : |
A – 324, TTC Industrial Area, Atul Raje, Thane – Belapur Road, Mahape,
Navi Mumbai - 400 701, Maharashtra, India |
|
Tel. No.: |
91-22-5797394 / 97 |
|
Fax No.: |
91-22-5797398 |
|
E-Mail : |
|
|
|
|
|
Factory 2 / Sales Office 1 : |
Freudenberg Nonwoven India Private Limited, New # 78/2 (Old # 80/2),
IV th Avenue, Ashok Nagar, Chennai-600083, Tamilnadu, India |
|
Tel. No.: |
91-44-24715420 |
|
Fax No.: |
91-44-24715421 |
|
|
|
|
Sales Office 2 : |
Eagle Seals and Systems India Limited, Burgmann India Private Limited,
No.5, Mahalinga chetty, II nd Cross Street, Mahalingapuram, Chennai-600034,
Tamilnadu, India |
|
Tel. No.: |
91-44-28172203 / 28170140 / 28170649 |
|
Fax No.: |
91-44-28172884 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Sales Office 3 : |
Sigma Freudenberg NOK Private Limited, Simrit Service Centre, Chennai
Regional Sales Office, (North Boag Road), T. Nagar, Old No.3, New No.9, B. N.
Reddy Road, Chennai-600017, Tamilnadu, India |
|
Tel. No.: |
91-44-28155935 |
|
Fax No.: |
91-44-28154638 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Sales Office 4 : |
KE-Burgmann Flexibles India Private Limited, 194, Nagappa Industrial
Estate, G. N. T. Road, Puzhal, Chennai-600066, Tamilnadu, India |
|
Tel. No.: |
91-446590632 / 6590634 |
|
Fax No.: |
91-44-6590917 |
|
E-Mail : |
DIRECTORS
(AS ON 30.09.2010)
|
Name : |
Mr. Bruce Robert Olson |
|
Designation : |
Director |
|
Address : |
Gemuendener Strasse 35 D-60599, Frankfrut |
|
Date of Birth/Age : |
09.03.1952 |
|
Date of Appointment : |
31.12.2007 |
|
|
|
|
Name : |
Mr. Ramesh Gnanasekharan |
|
Designation : |
Managing Director |
|
Address : |
K 142, Sena Vihar, Kammanahalli Main Road, Bangalore – 560043,
Karnataka, India |
|
Date of Birth/Age : |
28.09.1965 |
|
Date of Appointment : |
30.06.2006 |
|
|
|
|
Name : |
Mr. Sivasailam Gunasekaran |
|
Designation : |
Director |
|
Address : |
F-3, Land Marvel, No. 9, |
|
Date of Appointment : |
15.07.2009 |
|
|
|
|
Name : |
Mr. Alexander Karl Rozman |
|
Designation : |
Director |
|
Address : |
House 15 L (DD219 LOT 270), Hing Keng Shek, Sai Kung, New Territories,
|
|
Date of Birth/Age : |
07.08.1975 |
|
Date of Appointment : |
01.06.2009 |
|
|
|
|
Name : |
Mr. Udayabanu Doraiswamy |
|
Designation : |
Director |
|
Address : |
Ketak 401, Sri Mahalakshmi M, 6, Just Ratnavel Pand. Road, Golden
George Eng, Chennai – 600107, |
|
Date of Appointment : |
15.07.2009 |
KEY EXECUTIVES
|
Name : |
Mr. Dinakar |
|
Designation : |
Assistant Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2010)
|
Names of Shareholders |
|
No. of Shares |
|
Freudenberg Beteiligungs GMBH ( |
|
1999999 |
|
Freudenberg Beteiligungs GmbH (Partly Paid Up) ( |
|
4000000 |
|
Asto Betelingungis GMBH ( |
|
1 |
|
|
|
|
|
Total |
|
6000000 |
Equity Share Breakup
(AS ON 30.09.2010)
|
Category |
|
Percentage |
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of woven and non-woven products |
|
|
|
|
Terms : |
|
|
Selling : |
Cash / Credit (30 days) |
|
|
|
|
Purchasing : |
Cash / Credit (30 days) |
GENERAL INFORMATION
|
Customers : |
OEM’s |
||||||||||
|
|
|
||||||||||
|
No. of Employees : |
100 (Approximately) |
||||||||||
|
|
|
||||||||||
|
Bankers : |
Dresdner Bank AG, Nariman Point, Mumbai 400 021, |
||||||||||
|
|
|
||||||||||
|
Facilities : |
(Rs. in Millions )
* Term loan and bank overdraft are secured by corporate guarantee given by Freudenberg
and Company Kommanditgesellschaft, Germany |
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
SR. Batliboi and Associates Chartered Accountants |
|
Address : |
TPL House, Second Floor, 3, |
|
Tel. No.: |
91-44-42194400 |
|
Fax No.: |
91-44-24311450 |
|
|
|
|
Holding Company: |
Fredudenberg Beteiligungs GmbH |
|
|
|
|
Fellow Subsidiaries : |
|
CAPITAL STRUCTURE
(AS ON 30.09.2010)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity shares |
Rs. 10/- each |
Rs.100.000
Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity shares (Fully paid up)* |
Rs. 10/- each |
Rs.20.000
Millions |
|
4000000 |
Equity shares (Re. 1 paid up #) |
Rs. 1/- each |
Rs.4.000
Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 24.000 Millions |
Note:
Out of the above:
- (Of the above, 1999999 (Previous year : 1999999) Equity Share of Rs.
10 each, fully called up area held by Freudmberg Beteiligungs Gmbh,
Germany, the holding company)
·
# (Of the above 4000000
(Previous year : 4000000) equity share of Rs. 10 each, Re. 1 called up are held
by Freudenberg Beteiligungs GmbH, Germany, the holding company)
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 |
24.000 |
24.000 |
24.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
133.081 |
87.101 |
83.547 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
157.081 |
111.101 |
107.547 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
104.569 |
133.891 |
|
|
TOTAL BORROWING |
0.000 |
104.569 |
133.891 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
157.081 |
215.670 |
241.438 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
35.869 |
49.255 |
68.602 |
|
|
Capital work-in-progress |
1.161 |
1.675 |
4.282 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
19.318 |
17.573 |
19.329 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
73.105
|
82.891
|
100.045
|
|
|
Sundry Debtors |
95.981
|
163.624
|
96.076
|
|
|
Cash & Bank Balances |
14.831
|
67.289
|
72.613
|
|
|
Other Current Assets |
0.000
|
2.456
|
0.000
|
|
|
Loans & Advances |
98.676
|
75.910
|
68.362
|
|
Total
Current Assets |
282.593
|
392.170
|
337.096 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors & Other Current Liabilities |
124.717
|
211.828
|
144.286
|
|
|
Provisions |
57.143
|
33.175
|
43.585
|
|
Total
Current Liabilities |
181.860
|
245.003
|
187.871 |
|
|
Net Current Assets |
100.733
|
147.167
|
149.225 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
157.081 |
215.670 |
241.438 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
652.767 |
|
|
|
Other Income |
|
|
27.140 |
|
|
|
TOTAL (A) |
|
|
679.907 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
255.072 |
|
|
|
Personnel Expenses |
|
|
52.060 |
|
|
|
Operating and Other Expenses |
|
|
135.295 |
|
|
|
Raw Material Consumed |
|
|
167.658 |
|
|
|
Increase/(Decrease) in Finished Goods |
|
|
4.921 |
|
|
|
TOTAL (B) |
|
|
615.006 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
64.901 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
23.872 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
41.029 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
32.418 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
|
8.611 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
4.967 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
|
3.644 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
|
120.401 |
|
|
|
Others |
|
|
89.391 |
|
|
|
Capital Goods |
|
|
1.742 |
|
|
TOTAL IMPORTS |
|
|
211.534 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
1.52 |
|
|
Particulars |
|
31.03.2011 |
31.03.2010 |
|
Sales Turnover (approximately) |
|
1000.000 |
1000.000 |
The above information has been parted by Mr. Dinakar.
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
NA
|
NA |
0.54
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
1.32
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA |
2.12
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA |
0.08
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.16
|
3.14 |
2.99
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.55
|
1.60 |
1.79
|
LOCAL AGENCY FURTHER INFORMATION
Note:
Registered office of the company has been shifted from 5th
Floor, Sentinel, Central Avenue, Hiranandani Gardens, Powai, Mumbai-400070,
Maharashtra, India to 200, Sai Sampanna, Station Road, Vikhroli (East), Mumbai-400083,
Maharashtra, India w.e.f. 20.02.2009.
The Registered Office has been again shifted to No.104, Poonamallee High
Road, Opposite Sindhi College, Vellappanchavadi, Chennai-600077, Tamilnadu,
India.
|
Check List by
Info Agents |
Available in
reports |
|
1) Year of
Establishment |
Yes |
|
2) Locality of
the Firm |
Yes |
|
3) Constitution
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 of last two years |
Yes |
|
12)
Profitability for last three years |
No |
|
13) Reasons for
variations <> 20% |
--------- |
|
14) Estimation
for coming financial year |
No |
|
15) Capital in
the business |
No |
|
16) Details of
Sister concern |
Yes |
|
17) Major
Suppliers |
No |
|
18) Major
Customers |
Yes |
|
19) Payments
terms |
Yes |
|
20) Export /
Import details (if applicable) |
-------- |
|
21) Market
Information |
--------- |
|
22) Litigation
that the firm / promoter involved |
--------- |
|
23) Banking
Details |
Yes |
|
24) Banking
facility Details |
Yes |
|
25) Conduct of
the banking account |
--------- |
|
26) Buyer visit
details |
--------- |
|
27) Financials,
if provided |
No |
|
28)
Incorporation details, if applicable |
---------- |
|
29) Last account
field at ROC |
---------- |
|
30) Major
Shareholders, if available |
---------- |
COMPANY BACKGROUND:
Subject was incorporated on March 30, 1998
under the Companies Act, 1956. The Company is a subsidiary of Freudenberg Beteiligungs GMBH
(FBG) which is a 100% subsidiary of Freudenberg and Company
Bankers Charges
Report as per Registry
|
Name of the company |
FREUDENBERG
NONWOVWNS INDIA PRIVATE LIMITED |
|
Presented By |
JOINTLY
COMPANY AND CHARGEHOLDER |
|
1) Date and description of instrument creating the change |
Hypothecation of stocks and book debts dated 12.03.1999 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 15.000 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 |
1) All stocks of non wovens like liquid filters, vertical nonwovens (used in cable industry, hallery separators, GRP, textile Press) and spunbond nonwovens (used in automobile industry) and such other goods belonging to the borrower which are now or hereafter brought into the premises belonging to or in the occupation of the company at 301, Delta, Hiranandani Gardens, Powai, Mumbai 400 071 or else where or in course of transit. 2) All present and future book debts, outstanding moneys receivable, claims, bills, contracts, securities. 3) All shipping and other documents of title negotiable instruments, bills, drafts, bills of lading , policies of insurance. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
1) Security created by way of first charge and to cover the principal together with interest, charges, costs, expenses etc. 2) Interest @ 1.34% above the Bank’s Prime lending rate or at such rate or rates as may be specified by the Bank from time to time. 3) Bank to have power of entry, power of seizure, power to take possession and power to appoint receiver. |
|
5) Name and Address and description of the person entitled to the charge. |
Dresdner Bank AG Nariman
Point, Mumbai 400 021, |
|
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
- Leasehold
Premises
- Plant and Machinery
- Furniture and
Fixture
- Office
Equipment
- Computers
- Motor
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 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.49.78 |
|
|
1 |
Rs.80.10 |
|
Euro |
1 |
Rs.68.81 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
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 |
YES |
|
--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.