|
|
|
Country |
India |
|
Company Name |
3D TECHNOPACK
LIMITED |
Principal Name 1 |
Mr. Manoj Tarachand Mohanka |
|
Status |
Moderate |
Principal Name 2 |
Mrs. Dipika Roy |
|
|
|
Registration # |
11-040844 |
|
Street Address |
467/A, Vora
Bhavan, 2nd Floor, Opposite Maheswari Udyan, Dr. B. Ambedkar Road,
King Circle, Mumbai-400019, Maharashtra, India |
||
|
Established Date |
05.09.1986 |
SIC Code |
-- |
|
Telephone# |
91-22-65811091 /
24012239 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-24035257 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Seamless Plastic Tubes |
|
|
# of employees |
3000
(Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 273685000 /- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings - 61.80 % Directors or
relatives of Directors – 2.31% Others – 35.89% |
Banking |
HDFC Bank Limited |
|
Public Limited Corp. |
NO |
Business Period |
25 Years |
|
IPO |
NO |
International Ins. |
---- |
|
Public |
NO |
Rating |
B
(26) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding Company |
India
|
Virtual Machine Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
159,927,000 |
Current Liabilities |
62,458,000 |
|
Inventories |
41,775,000 |
Long-term Liabilities |
126,476,000
|
|
Fixed Assets |
283,709,000 |
Other Liabilities |
-- |
|
Deferred Assets |
-- |
Total Liabilities |
188,934,000 |
|
Invest& other Assets |
55,975,000 |
Retained Earnings |
301,230,000 |
|
|
|
Net Worth |
352,452,000 |
|
Total Assets |
541,386,000 |
Total Liab. & Equity |
541,386,000 |
|
Total Assets (Previous Year) |
343,985,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
310,638,000 |
Net Profit |
(32,304,000) |
|
Sales(Previous yr) |
194,331,000 |
Net Profit(Prev.yr) |
(51,242,000) |
MIRA
INFORM REPORT
|
Report Date : |
07.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
3D TECHNOPACK LIMITED (w.e.f. 30.05.2005 ) |
|
|
|
|
Formerly Known
As : |
VORA CORK INDUSTRIES PRIVATE LIMITED VORA PACKAGING LIMITED VORA PACKAGING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
467/A, Vora Bhavan, 2nd Floor, Opposite Maheswari Udyan,
Dr. B. Ambedkar Road, King Circle, Mumbai-400019, Maharashtra. |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
05.09.1986 |
|
|
|
|
Com. Reg. No.: |
11-040844 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 273.685 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29100MH1986FTC040844 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMV09679F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACV0142R |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Seamless Plastic Tubes. |
|
|
|
|
No. of Employees
: |
3000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1400000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The profitability of the company appears to
be under severe pressure. There appears to be huge accumulated losses
recorded by the company. However trade
relations are reported as fair. Business is active. Payments are reported to
be slow. The company can be considered for business dealings with caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Vijay Rangle |
|
Designation : |
Chief Accountant |
|
Contact No.: |
91-9833381010 |
LOCATIONS
|
Registered Office : |
467/A, Vora Bhavan, 2nd Floor, Opposite Maheswari Udyan,
Dr. B. Ambedkar Road, King Circle, Mumbai-400019, Maharashtra, India |
|
Tel. No.: |
91-22-65811091 / 24012239 |
|
Mobile No.: |
91-9833381010 (Mr. Vijay Rangle) |
|
Fax No.: |
91-22-24035257 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
More than 1000 Sq. ft. |
|
Location : |
Rented |
|
|
|
|
Factory : |
449/6, Masat Industrial Estate, Masat Silvassa, UT of Dadar Nagar
Havelli, India |
|
Tel. No.: |
91-260-2640191 |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Manoj Tarachand Mohanka |
|
Designation : |
Director |
|
Address : |
5, Loveloc Palace, Calcutta-700019, West Bengal, India |
|
Date of Birth/Age : |
05.03.1963 |
|
Date of Appointment : |
31.03.2003 |
|
DIN No : |
00128593 |
|
|
|
|
Name : |
Mrs. Dipika Roy |
|
Designation : |
Director |
|
Address : |
252, Cuffe Parade, Mumbai-400005, |
|
Date of Birth/Age : |
14.01.1961 |
|
Date of Appointment : |
31.03.2003 |
|
DIN No : |
00323761 |
|
|
|
|
Name : |
Mr. Bharat Bhagwandas Kewalramani |
|
Designation : |
Managing Director |
|
Address : |
252-A, |
|
Date of Birth/Age : |
26.03.1959 |
|
Date of Appointment : |
27.02.2008 |
|
DIN No : |
00772687 |
|
|
|
|
Name : |
Mr. Ram Prakesh Kewalramani |
|
Designation : |
Director |
|
Address : |
3rd Floor, Sitaram Prakesh High School, Opp. Vadala
Station, Mumbai-400031, |
|
Date of Birth/Age : |
18.01.1982 |
|
Date of Appointment : |
01.04.2005 |
|
DIN No : |
00575917 |
|
|
|
|
Name : |
Mr. Cyrus Adi Bagwadia |
|
Designation : |
Director |
|
Address : |
A – 10, Rustom Baug, Byculla, Mumbai-400027, |
|
Date of Birth/Age : |
24.01.1947 |
|
Date of Appointment : |
10.11.2008 |
|
DIN No : |
01565989 |
KEY EXECUTIVES
|
Name : |
Mr. Vijay Rangle |
|
Designation : |
Chief Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
|
|
|
Sindhhat Sinha |
255000 |
|
Virtual Machine Limited, Island |
18643246 |
|
Bharat Kewalramani |
1 |
|
Pankaj Vora |
1 |
|
Ram Prakesh Kewalramani |
1 |
|
Dipika Roy |
1 |
|
Manoj Mohanka |
1 |
|
Payal Mohanka |
476207 |
|
Rakesh Jhunjhunwala |
9840073 |
|
Eliza Hancock, Ireland |
245788 |
|
Mrunal Mohanka |
237843 |
|
Alok Chandra Mishra |
132135 |
|
Adil and Makduda Zainulbhai |
132135 |
|
Anuradha Tondon |
52854 |
|
Sunil Pophale |
132135 |
|
Adil Siraj Zainulbhai |
607822 |
|
Azeem Adil Zainulabhai |
10570 |
|
Manish Gupta |
79281 |
|
Utpal Sheth |
132135 |
|
|
|
|
Total |
30977229 |
AS ON 30.09.2010
|
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 |
61.80 |
|
Directors or relatives of Directors |
2.31 |
|
Others |
35.89 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Seamless Plastic Tubes. |
|
|
|
|
Products : |
Seamless Plastic Tubes. |
|
|
|
|
Exports : |
|
|
Products : |
Seamless Plastic Tubes |
|
Countries : |
·
France ·
Dubai |
|
|
|
|
Imports : |
|
|
Products : |
·
Machinery ·
Raw Material |
|
Countries : |
·
Switzerland ·
Qatar |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Credit (60 days, 90 days),
BL-Bill of lading |
|
|
|
|
Purchasing : |
Cash, Credit (30 days, 60
days), TT |
PRODUCTION STATUS AS ON 31.03.2010
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Seamless Plastic Tubes (millions) |
-- |
-- |
80.000 |
63.159 |
|
|
|
|
|
|
GENERAL INFORMATION
|
Customers : |
·
Corporate |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
3000 (Approximately) |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
The Saraswat Cooperative Bank Limited, Matunga
(East) Branch, Pioneer High School Building, Telang Road, Matunga (East),
Mumbai-400019, Maharashtra, India ·
HDFC Bank Limited ·
ING Vysya Bank Limited |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Contractor Nayak and Kishnadwala Chartered Accountant |
|
Address : |
1-B, Pushpam, 6, K. D. Road, Vile Parle (West), Mumbai-400056,
Maharashtra, India. |
|
Pan No.: |
AACFC8587E |
|
|
|
|
Holding Company : |
Virtual Machine Limited |
|
|
|
|
Fellow Subsidiaries : |
3D Packaging Fze Saif Zone Sharjah (Wholly owned subsidiary of the
company) |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
33000000 |
Equity Shares |
Rs.10/- each |
Rs. 330.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
27383149 |
Equity Shares |
Rs.10/- each |
Rs. 273.831
Millions |
|
Less |
Call in arrears |
|
Rs. 0.146 million |
|
|
|
|
|
|
|
Total |
|
Rs. 273.685 millions |
Note:
(Out of the above 840000 equity shares are
issued as fully paid up bonus shares by capitalisating general reserve)
(Of the above 18643251 (Previous year 18052269)
shares are held by holding company Virtual Machines Limited.)
AS ON 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
33000000 |
Equity Shares |
Rs.10/- each |
Rs. 330.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30977229 |
Equity Shares |
Rs.10/- each |
Rs.309.772
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 |
273.685 |
256.490 |
216.271 |
|
|
2] Share Application Money |
68.000 |
4.043 |
25.506 |
|
|
3] Reserves & Surplus |
301.230 |
286.420 |
172.256 |
|
|
4] (Accumulated Losses) |
(290.463) |
(258.158) |
(206.940) |
|
|
NETWORTH |
352.452 |
288.795 |
207.093 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
126.476 |
9.488 |
1.459 |
|
|
2] Unsecured Loans |
0.000 |
2.366 |
59.247 |
|
|
TOTAL BORROWING |
126.476 |
11.854 |
60.706 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
478.928 |
300.649 |
267.799 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
283.709 |
215.821 |
149.783 |
|
|
Capital work-in-progress |
55.950 |
8.421 |
12.653 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.025 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
41.775
|
35.506
|
29.378 |
|
|
Sundry Debtors |
92.259
|
60.006
|
45.532 |
|
|
Cash & Bank Balances |
54.820
|
7.519
|
37.755 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
12.848
|
16.712
|
26.415 |
|
Total
Current Assets |
201.702
|
119.743 |
139.080 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
43.148 |
28.635 |
24.323 |
|
|
Other Current Liabilities |
8.604
|
6.744
|
4.090 |
|
|
Provisions |
10.706
|
7.957
|
5.304 |
|
Total
Current Liabilities |
62.458
|
43.336 |
33.717 |
|
|
Net Current Assets |
139.244
|
76.407
|
105.363 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
478.928 |
300.649 |
267.799 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
310.638 |
194.331 |
143.462 |
|
|
|
Design and Development Charges |
0.644 |
0.315 |
0.945 |
|
|
|
Exchange rate Fluctuations |
(1.054) |
6.432 |
(3.917) |
|
|
|
Other Income |
9.481 |
3.841 |
2.083 |
|
|
|
TOTAL (A) |
319.709 |
204.919 |
142.573 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing Expenses |
24.082 |
23.109 |
16.154 |
|
|
|
Administrative Expenses |
15.957 |
12.395 |
13.721 |
|
|
|
Material Consumed |
178.461 |
105.799 |
69.567 |
|
|
|
Selling and distribution Expenses |
5.096 |
6.051 |
6.145 |
|
|
|
Export Freight and Expenses |
7.307 |
13.386 |
16.027 |
|
|
|
Payment and benefits to employees |
46.708 |
34.213 |
26.823 |
|
|
|
Power and Fuel |
20.010 |
17.265 |
10.900 |
|
|
|
Loss on |
0.000 |
0.000 |
0.343 |
|
|
|
TOTAL (B) |
297.621 |
212.218 |
159.680 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
22.088 |
(7.299) |
(17.107) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.248 |
2.829 |
2.398 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
18.840 |
(10.128) |
(19.505) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
51.144 |
40.564 |
27.364 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(32.304) |
(50.692) |
(46.869) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.550 |
0.519 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(32.304) |
(51.242) |
(47.388) |
|
|
|
|
|
|
|
|
|
|
EXCESS / SHORT
PROVISION FOR TAX |
0.000 |
0.024 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(258.158) |
(206.940) |
(159.552) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(290.462) |
(258.158) |
(206.940) |
|
|
|
|
|
|
|
|
|
|
EXPORT VALUE |
44.262 |
57.583 |
44.475 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
31.965 |
23.405 |
6.204 |
|
|
|
Stores & Spares |
4.093 |
2.387 |
1.912 |
|
|
|
Capital Goods |
74.449 |
57.156 |
8.543 |
|
|
TOTAL IMPORTS |
110.507 |
82.948 |
16.659 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(loss) Per Share (Rs.) |
(1.23) |
(2.17) |
(3.13) |
|
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover (Approximately) |
|
|
510.000 |
|
|
|
|
|
Expected Sales (2011-2012) : Rs. 600.000 millions.
The above information has been parted by Mr. Vijay Rangle.
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
(10.10)
|
(25.01)
|
(33.24) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(10.40)
|
(26.09)
|
(32.67) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(6.65)
|
(15.11)
|
(16.23) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.09)
|
(0.18)
|
(0.23) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.54
|
0.19
|
0.46 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.23
|
2.76
|
4.12 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS:
The Company has performed satisfactory during the year. In a highly
competitive business environment, the Company achieved higher turnover of Rs. 332.452
millions in respect of Rs. 211.367 millions from previous year. The Company was cash profitable for the first
time in 7 years and will, this year, move to net profitability based on higher
volumes for which capacity will be installed in July.
FORM 8
|
Corporate
identity number of the company |
U29100MH1986PLC040844 |
|
Name of the
company |
3D
TECHNOPACK LIMITED |
|
Address of the
registered office or of the principal place of business in |
467/A, Vora Bhavan, 2nd Floor, Opposite Maheswari Udyan,
Dr. B. Ambedkar Road, King Circle, Mumbai-400019, Maharashtra, India |
|
This form is for |
Modification of charge |
|
Type of charge |
Book debts Movable property (not being pledge) Floating charge |
|
Particular of charge
holder |
The Saraswat Cooperative Bank Limited, matunga East Branch, Pioneer
High School Building, Telang Road, Matunga (East), Mumbai-400019,
Maharashtra, India |
|
Nature of
instrument creating charge |
Agreement
of Hypothecation of Movable Property |
|
Date of
instrument Creating the charge |
22.02.2011 |
|
Amount secured by
the charge |
Rs. 100.000 millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest 14.5%p.a.
or at such rate as may be determined by the bank from time to time Terms of
repayment On demand Margin 30% Extent and
operation of the charge This is cash credit facility |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation
of all the stock and debtors less creditors, current asset tangible movable
property(both present and future) belonging to the borrower and lying and
being at the borrowers place of business at 467A, Vora Bhuvan, R No 34, 2nd
floor, Matunga, Mumbai 19 or at Masat Union Territory of Dadra and Nagar
Haveli Silvasa or wherever else the same maybe. Hypothecation
of all the book debts, out standings, monies, receivable, claims and bills. |
|
Charge
identification number of the charge to be modified |
10205773 |
|
Particulars of
the present modification |
Cash credit limit enhanced from Rs. 70.000 millions to Rs. 100.000
millions (additional Rs. 30.000 millions) |
FIXED ASSETS:
·
·
Building
·
Air Conditioning System
·
Plant and Machinery
·
Moulds, Tools and Dies
·
Generator Set
·
Electric Installations
·
Equipments
·
Computers
·
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. 49.22 |
|
|
1 |
Rs. 76.06 |
|
Euro |
1 |
Rs. 65.06 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
26 |
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.