MIRA
INFORM REPORT
|
Report Date : |
19.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
TPS INFRASTRUCTURE LIMITED |
|
|
|
|
Formerly Known
As : |
TPS MANUFACTURING AND CONSTRUCTION COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
M-84, Commercial complex, Greater Kailash-II, New Delhi-110048 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation
: |
05.02.1985 |
|
|
|
|
Com. Reg. No.: |
55-020070 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 109.062 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1985PLC020070 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
DELT04570G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT3227D |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company. |
|
|
|
|
Line of Business
: |
The company is primarily engaged in the manufacturing of pollution
control equipments. |
|
|
|
|
No. of Employees
: |
Not Available |
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 1500000 |
|
|
|
|
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 – 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 |
LOCATIONS
|
Registered Office : |
M-84, Commercial complex, Greater Kailash-II, New Delhi-110048, India |
|
Tel. No.: |
91-11-29212101 / 29214007 |
|
Fax No.: |
91-11-29216856 |
|
E-Mail : |
DIRECTORS
AS ON 29.09.2010
|
Name : |
Mr. Virendra Oberoi |
|
Designation : |
Managing Director |
|
Address : |
34-Q, Ashoka Avenue Sainik, Farms, New Delhi-110062, India |
|
Date of Appointment : |
05.02.1985 |
|
DIN No.: |
00062910 |
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 |
U74899DL1985PLC020070 |
TPS
INFRASTRUCTURE LIMITED |
Managing
director |
01-04-08 |
05-02-85 |
- |
Active |
NO |
|
2 |
U74999DL2000PTC104623 |
FOCUS
EXPORTS PRIVATE LIMITED |
Director |
07-08-10 |
23-03-00 |
- |
Active |
NO |
|
3 |
U74899DL1994PTC060460 |
D N
MARKETING PRIVATE LIMITED |
Director |
17-08-01 |
17-08-01 |
- |
Amalgamated |
NO |
|
4 |
U74899DL1994PTC060491 |
NIKHIL
OVERSEAS PRIVATE LIMITED |
Director |
17-08-01 |
17-08-01 |
- |
Amalgamated |
NO |
|
5 |
U24231DL1999PTC100530 |
VARACITY
MARKETING AND CONSULTANTS PRIVATE LIMITED |
Director |
12-06-02 |
12-06-02 |
- |
Active |
NO |
|
6 |
U17299DL1999PTC100640 |
CROWN
TEXTILES PRIVATE LIMITED |
Director |
15-06-02 |
15-06-02 |
- |
Amalgamated |
NO |
|
7 |
U74140DL1999PTC101268 |
CHANANA
CONSULTANTS PRIVATE LIMITED |
Director |
24-06-02 |
24-06-02 |
- |
Amalgamated |
NO |
|
8 |
U72200DL1999PTC098471 |
MORPHEUS
B2B MARKETING PRIVATE LIMITED |
Director |
03-10-07 |
03-10-07 |
- |
Amalgamated |
NO |
|
9 |
U30007DL1999PTC098511 |
G-3
INFOTECH PRIVATE LIMITED |
Director |
03-10-07 |
03-10-07 |
08-12-07 |
Amalgamated |
NO |
|
10 |
U30007DL1999PTC098512 |
META
PROCESS SERVICES PRIVATE LIMITED |
Director |
08-12-07 |
08-12-07 |
- |
Amalgamated |
NO |
|
11 |
U74999DL2002PLC114806 |
TURBOATOM
TPS PROJECTS LIMITED |
Director |
05-08-08 |
01-05-08 |
30-09-08 |
Active |
NO |
|
12 |
U29253DL2011PTC215563 |
SHANDONG
HEAVY INDUSTRY INDIA PRIVATE LIMITED |
Director |
10-03-11 |
10-03-11 |
- |
Active |
NO |
|
Name : |
Ms. Alka Oberoi |
|
Designation : |
Director |
|
Address : |
34-Q, Ashoka Avenue Sainik, Farms, New Delhi-110062, India |
|
Date of Appointment : |
05.02.1985 |
|
DIN No.: |
00062929 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U74899DL1985PLC020070 |
TPS
INFRASTRUCTURE LIMITED |
Director |
05-02-85 |
05-02-85 |
Active |
NO |
|
2 |
U74999DL2000PTC104623 |
FOCUS
EXPORTS PRIVATE LIMITED |
Director |
07-08-10 |
23-03-00 |
Active |
NO |
|
3 |
U74899DL1994PTC060460 |
D N
MARKETING PRIVATE LIMITED |
Director |
17-08-01 |
17-08-01 |
Amalgamated |
NO |
|
4 |
U74899DL1994PTC060491 |
NIKHIL
OVERSEAS PRIVATE LIMITED |
Director |
17-08-01 |
17-08-01 |
Amalgamated |
NO |
|
5 |
U24231DL1999PTC100530 |
VARACITY
MARKETING AND CONSULTANTS PRIVATE LIMITED |
Director |
12-06-02 |
12-06-02 |
Active |
NO |
|
6 |
U17299DL1999PTC100640 |
CROWN
TEXTILES PRIVATE LIMITED |
Director |
15-06-02 |
15-06-02 |
Amalgamated |
NO |
|
7 |
U74140DL1999PTC101268 |
CHANANA
CONSULTANTS PRIVATE LIMITED |
Director |
24-06-02 |
24-06-02 |
Amalgamated |
NO |
|
8 |
U30007DL1999PTC098511 |
G-3
INFOTECH PRIVATE LIMITED |
Director |
03-10-07 |
03-10-07 |
Amalgamated |
NO |
|
9 |
U30007DL1999PTC098512 |
META
PROCESS SERVICES PRIVATE LIMITED |
Director |
03-10-07 |
03-10-07 |
Amalgamated |
NO |
|
10 |
U74999DL2010PTC200683 |
AINA
COSMETICS PRIVATE LIMITED |
Director |
25-03-10 |
25-03-10 |
Active |
NO |
|
Name : |
Ms. Anchal Oberoi |
|
Designation : |
Director |
|
Address : |
34-Q, Ashoka Avenue Sainik, Farms, New Delhi-110062, India |
|
Date of Appointment : |
10.06.2006 |
|
DIN No.: |
00333894 |
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 |
U74899DL1985PLC020070 |
TPS
INFRASTRUCTURE LIMITED |
Director |
10-06-06 |
10-06-06 |
- |
Active |
NO |
|
2 |
U11201DL2007PLC164648 |
TURBOATOM
TPS (PUNJAB) PROJECTS LIMITED |
Director |
12-06-07 |
12-06-07 |
24-09-10 |
Active |
NO |
|
3 |
U40105DL2007PLC164934 |
TURBOATOM
TPS (HARYANA) PROJECTS LIMITED |
Director |
19-06-07 |
19-06-07 |
24-09-10 |
Active |
NO |
|
4 |
U72200DL1999PTC098471 |
MORPHEUS
B2B MARKETING PRIVATE LIMITED |
Director |
03-10-07 |
03-10-07 |
- |
Amalgamated |
NO |
|
5 |
U74999DL2010PTC200683 |
AINA
COSMETICS PRIVATE LIMITED |
Director |
25-03-10 |
25-03-10 |
- |
Active |
NO |
|
Name : |
Ms. Ankita Oberoi |
|
Designation : |
Director |
|
Address : |
34-Q, Ashoka Avenue Sainik, Farms, New Delhi-110062, India |
|
Date of Appointment : |
01.06.2007 |
KEY EXECUTIVES
|
Name : |
Mr. Md. Nishat Hassan Noor |
|
Designation : |
Secretary |
|
Address : |
House No. 161/1, 3rd Floor, Masjid Moth, South Extension-II, New
Delhi-110049, India |
|
Date of Appointment : |
02.09.2008 |
|
PAN No.: |
AGAPN3479L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2010
|
Names of Shareholders |
No. of Equity
Shares |
|
Virendra Oberoi |
5275544 |
|
Alka Oberoi |
2253862 |
|
Bhagat Ram
Oberoi |
153916 |
|
Satya Bala Oberoi |
181816 |
|
Focus Exports
Private Limited, India |
1309150 |
|
Varacity
Marketing and Consultants Private Limited, India |
75200 |
|
Dipankur Ceroils
Private Limited, India |
55500 |
|
G3 Infotech
Private Limited, India |
55700 |
|
Meta Process Services
Private Limited, India |
55650 |
|
Morpheus B2B
Marketing Private Limited, India |
50150 |
|
Anchal Oberoi |
3250 |
|
Mukti Auto Parts
Private Limited, India |
433400 |
|
Abhinand Agro
Private Limited, India |
319000 |
|
PRM Consultants Private
Limited, India |
271050 |
|
V.News Marketing
Research Private Limited, India |
305550 |
|
Dugar Securities
Limited, India |
70000 |
|
Total |
10868738 |
AS ON 29.09.2010
|
Names of Preference Shareholders |
No. of
Preference Shares |
|
Virendra Oberoi |
2750 |
|
Alka Oberoi |
1000 |
|
Total |
3750 |
AS ON 29.09.2010
|
Equity Shares
Break Up |
Percentage |
|
Bodies corporate |
27.60 |
|
Directors or relatives of Directors |
72.40 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is primarily engaged in the manufacturing of pollution
control equipments. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
·
Punjab And Sind Bank, Gurunank Market, Hemkunt
Colony, New Delhi-110048, India ·
State bank of India, Overseas Branch, Jawahar
Vyapar Bhawan, 1, Tolstoy Marg, New Delhi-11001, India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
Note: Cash credit facilities taken from State Bank of India, are secured by first
charge over entire current assets of the Company including receivables,
present and future with other working capital lenders and personal guarantee
of three Directors.
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
·
Rajasthan State Industrial Development And Investment
Corporation Limited, Udyog Bhavan, Tilak Marg, Jaipur-302005, Rajasthan,
India |
|
|
|
|
Auditors : |
|
|
Name : |
S Saddy and Company Chartered Accountant |
|
Address : |
A-219, Som Dutt Chambers-I, 5, Bhikaji Cama Place, New Delhi-110066, India
|
|
Tel. No.: |
91-11-26192122 / 26170226 |
|
E-Mail : |
|
|
PAN No.: |
AAOPS1715J |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13120000 |
Equity Shares |
Rs.10/- each |
Rs. 131.200 Millions |
|
5000 |
Optionally convertible Preference Shares |
Rs. 100/-
each |
Rs. 0.500 Million |
|
|
Total |
|
Rs. 131.700
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10868738 |
Equity Shares |
Rs.10/- each |
Rs. 108.687
Millions |
|
3750 |
Optionally convertible Preference Shares |
Rs. 100/-
each |
Rs. 0.375
Million |
|
|
Total |
|
Rs. 109.062 Millions |
AS ON 29.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13120000 |
Equity Shares |
Rs.10/- each |
Rs. 131.200 Millions |
|
5000 |
Optionally convertible Preference Shares |
Rs. 100/-
each |
Rs. 0.500 Million |
|
|
Total |
|
Rs. 131.700
Millions |
Issued, Subscribed & Paid-up Capital : Rs. 109.155 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 |
109.062 |
106.155 |
99.072 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
267.415 |
199.068 |
121.736 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
376.477 |
305.223 |
220.808 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
183.669 |
136.800 |
125.713 |
|
|
2] Unsecured Loans |
5.571 |
8.275 |
4.470 |
|
|
TOTAL BORROWING |
189.240 |
145.075 |
130.183 |
|
|
DEFERRED TAX LIABILITIES |
4.925 |
2.671 |
1.219 |
|
|
|
|
|
|
|
|
TOTAL |
570.642 |
452.969 |
352.210 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
70.374 |
48.138 |
57.066 |
|
|
Capital work-in-progress |
34.617 |
34.617 |
34.617 |
|
|
|
|
|
|
|
|
INVESTMENT |
4.485 |
14.485 |
0.050 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
132.500
|
125.500 |
99.750 |
|
|
Sundry Debtors |
347.626
|
279.197 |
211.897 |
|
|
Cash & Bank Balances |
84.476
|
74.427 |
46.524 |
|
|
Other Current Assets |
22.438
|
18.738 |
17.476 |
|
|
Loans & Advances |
77.349
|
74.701 |
43.172 |
|
Total
Current Assets |
664.389
|
572.563 |
418.819 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
138.876
|
140.313 |
103.573 |
|
|
Other Current Liabilities |
50.313
|
61.276 |
45.872 |
|
|
Provisions |
14.176
|
15.425 |
9.116 |
|
Total
Current Liabilities |
203.365
|
217.014 |
158.561 |
|
|
Net Current Assets |
461.024
|
355.549 |
260.258 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.142 |
0.180 |
0.219 |
|
|
|
|
|
|
|
|
TOTAL |
570.642 |
452.969 |
352.210 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
709.287 |
787.382 |
457.379 |
|
|
|
Operation and Maintenance Charges |
25.189 |
19.768 |
20.656 |
|
|
|
Sales – Exports |
35.932 |
94.802 |
49.105 |
|
|
|
Sales –E1 |
0.988 |
7.320 |
1.875 |
|
|
|
Freight and Cartage |
8.946 |
7.947 |
0.000 |
|
|
|
Other Income |
7.714 |
5.647 |
5.108 |
|
|
|
TOTAL (A) |
788.056 |
922.866 |
534.123 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Consumption |
487.896 |
636.244 |
338.439 |
|
|
|
Manufacturing Expenses |
118.551 |
134.413 |
61.864 |
|
|
|
Administrative Expenses |
74.098 |
46.906 |
56.829 |
|
|
|
Payment made to / for Employees |
47.240 |
40.592 |
33.328 |
|
|
|
Pre-operative Expenses W/Off |
0.036 |
0.036 |
0.036 |
|
|
|
TOTAL (B) |
727.821 |
858.191 |
490.496 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
60.235 |
64.675 |
43.627 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
25.046 |
26.734 |
21.906 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
35.189 |
37.941 |
21.721 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
11.424 |
16.590 |
9.160 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
23.765 |
21.351 |
12.561 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
8.254 |
7.761 |
5.269 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
15.511 |
13.590 |
7.292 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Value |
37.007 |
94.801 |
NA |
|
|
|
Commission Received |
0.911 |
0.124 |
NA |
|
|
TOTAL EARNINGS |
37.918 |
94.925 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
22.815 |
22.822 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.66 |
1.50 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.97
|
1.47 |
1.37 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.18
|
2.40 |
2.47 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.23
|
3.44 |
2.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
0.07 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.06
|
1.20 |
1.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.27
|
2.64 |
2.64 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8
|
Corporate
identity number of the company |
U74899DL1985PLC020070 |
|
Name of the
company |
TPS
INFRASTRUCTURE LIMITED |
|
Address of the
registered office or of the principal place of business in |
M-84, Commercial complex, Greater Kailash-II, New Delhi-110048, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
State bank of India, Overseas Branch, Jawahar Vyapar Bhawan, 1, Tolstoy
Marg, New Delhi-11001, India |
|
Nature of
instrument creating charge |
1. Tripartite
Agreement Executed By The Company In Favour of Riico and SBI. 2. Entry Made In
The Memorandum of Entry Of Riico. |
|
Date of
instrument Creating the charge |
30.12.2010 |
|
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 12.50% per annum payable
on quarterly compounding basis. In case of default additional interest@2%p.a.
on amount in default for period of default. Terms of repayment The loan shall be
repaid in 24 quarterly installments starting from august 15, 2012, of
Rs.6.250 millions each. Extent and operation of the charge First charge on
the entire fixed assets acquired and to be acquired of the company situated
at Plot No. Sp 883-884, RIICO Industrial Area, Pathredi, Bhiwadi (Rajasthan) Second charge
ceded on the entire fixed assets acquired and to be acquired of the company
situated at Plot No. Sp 883-884, RIICO Industrial Area, Pathredi, Bhiwadi
(Rajasthan) in favour of State Bank of India, overseas branch, New Delhi |
|
Short particulars
of the property charged (Including location of the property) |
LL The Existing
And Future Movable and Immovable Assets of The Company Situated At Plot No.
Sp 883-884, RIICO Industrial Area, Pathredi, Bhiwadi (Rajasthan) In Favour of
RIICO Second Charge On
The Entire Fixed Assets Acquired And To Be Acquired of The Company Situated
At Plot No. Sp 883-884, RIICO Industrial Area, Pathredi, Bhiwadi (Rajasthan)
In Favour of SBI |
|
Charge
identification number of the charge to be modified |
10207858 |
|
Date of
instrument modifying the charge |
11.06.2010 |
|
Particulars of
the present modification |
Second charge on
the entire fixed assets acquired and to be acquired of the company situated
at Plot No. sp 883-884, RIICO Industrial Area, Pathredi, Bhiwadi (Rajasthan)
in favour of SBI |
FIXED ASSETS
·
Land
·
Factory Building
·
Plant and Machinery
·
Furniture and Fixtures
·
Air Conditioner
·
Vehicles
·
Office Equipments
·
Computers and Software’s
·
Cycles
·
Office Buildings
WEB SITE DETAILS
PROFILE
Subject is an established
Engineering Equipment Manufacturer and are the market leaders in the field of
manufacturing of a wide range of equipments covering a wide array of Pollution
Control Equipment, Municipal Solid Waste Handling and Management, Housekeeping
in Infrastructure Industries, Special Purpose Mobile Equipments, Bulk
Transportation Equipments like Industrial Trucks, Tanker Trucks, Industrial
Tanker Trucks and Material Handling Equipments etc.
The Corporate office of their Organization is located in Delhi. The company has
its self owned regional offices in Mumbai, Chennai, Jamshedpur, Kolkatta and
Bhuwaneshwar. A large number of other local regional offices are also
established by TPS in other parts of India and abroad. Presently, Three
manufacturing plants are operating at Ghaziabad about 25 Km. from Delhi. New
manufacturing plant in 42000 Sqm. Area is under construction at Bhiwadi about
60 Km from Delhi on Delhi – Jaipur National Highway.
With our 25 years of industrial presence, they have carved a niche in the
industry and have unfolded a success story. This is the result of their sound
infrastructural facilities and our expert and experienced engineers and skilled
workmen.
They are not
satisfied with producing technically excellent machines and equipment, but also
aspire to increase the safety, comfort and satisfaction of their clientele in
their daily operating environment. Thus they cater to all the relevant
industries in the national and international arena.
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. 51.35 |
|
|
1 |
Rs. 80.97 |
|
Euro |
1 |
Rs. 69.25 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
4 |
|
--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 |
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.