MIRA
INFORM REPORT
|
Report Date : |
07.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
THE EIMCO-K.C.P. LIMITED (w.e.f.17.10.1968) |
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|
|
|
Formerly Known
As : |
THE EIMCO-K.C.P. PRIVATE LIMITED |
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Registered
Office : |
183, New No. 239, Ramakrishna Buildings, Annasalai, Chennai – 600 006,
Tamil Nadu. |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
26.09.1967 |
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Com. Reg. No.: |
18-005550 |
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Capital
Investment / Paid-up Capital : |
Rs. 6.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27209TN1967PLC005550 |
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|
|
IEC No.: |
0488004586 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHET00256E |
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PAN No.: [Permanent Account No.] |
AAACT2962M |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Liquid Solids Separations
Equipments |
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|
|
No. of Employees
: |
150 (Approximately) |
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 200000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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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 usually correct and as per commitments. The company can be considered good for normal 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 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Raju Gopal |
|
Designation : |
Secretary |
|
Contact No.: |
91-44-28555171 |
|
Date : |
23.09.2011 |
LOCATIONS
|
Registered Office : |
183, New No. 239, Ramakrishna Buildings, Annasalai, Chennai – 600 006,
Tamil Nadu, India |
|
Tel. No.: |
91-44-28555171 / 28555862 |
|
Fax No.: |
91-44-28555863 |
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E-Mail : |
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|
Location : |
Owned |
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|
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|
Factory : |
11A, 3rd |
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|
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|
Branch Office : |
231, Arun Chambers, |
|
Tel. No.: |
91-22-24944030 |
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Fax No.: |
91-22-24954608 |
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E-Mail : |
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Branch Offices : |
Group’s offices Located in ·
Hyderabad ·
Mumbai ·
Cochin ·
Delhi ·
Kolkata ·
Bangalore |
DIRECTORS
AS ON 18.08.2010
|
Name : |
Ms. Irmgard Velagapudi |
|
Designation : |
Chairman |
|
Address : |
No. 15, Damodarapuram, Main Road,
Chennai, Tamil Nadu, India |
|
Date of Birth/Age : |
18.09.1936 |
|
Date of Appointment : |
18.10.2001 |
|
DIN No.: |
00091370 |
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 |
U65993TN1996PTC037113 |
Durgamba
Investment Private Limited |
Director |
12-12-96 |
12-12-96 |
Active |
NO |
|
2 |
L15421TN1995PLC033198 |
K.C.P.Sugar
And Industries Corporation Limited |
Managing
director |
29-03-10 |
11-09-00 |
Active |
NO |
|
3 |
U40105TN1992PTC022298 |
Energy
Device Technology (India) Private Limited |
Director |
07-05-01 |
07-05-01 |
Active |
NO |
|
4 |
U74140TN1980PTC008358 |
V M
Rao Consultants Private Limited |
Director |
20-08-01 |
20-08-01 |
Active |
NO |
|
5 |
U73100TN1998PLC041501 |
Kcp
Sugars Agricultural Research Farms Limited |
Director |
18-10-01 |
18-10-01 |
Active |
NO |
|
6 |
U27209TN1967PLC005550 |
The
Eimco-K.C.P. Limited |
Director |
18-10-01 |
18-10-01 |
Active |
NO |
|
Name : |
Ms. Velagapudi Kiran Rao |
|
Designation : |
Director |
|
Address : |
No. 11, |
|
Date of Birth/Age : |
18.12.1964 |
|
Date of Appointment : |
30.07.2003 |
|
DIN No.: |
00091466 |
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 |
L15421TN1995PLC033198 |
K.C.P.Sugar
And Industries Corporation Limited |
Whole-time
director |
29-07-07 |
29-07-02 |
Active |
NO |
|
2 |
U27209TN1967PLC005550 |
The
Eimco-K.C.P. Limited |
Director |
31-07-03 |
31-07-03 |
Active |
NO |
|
3 |
U65993TN1996PTC037113 |
Durgamba
Investment Private Limited |
Director |
31-08-05 |
31-08-05 |
Active |
NO |
|
4 |
U74140TN1980PTC008358 |
V M
Rao Consultants Private Limited |
Director |
04-07-07 |
04-07-07 |
Active |
NO |
|
5 |
U55100TN2010PTC075641 |
Amethyst
Cafe Private Limited |
Managing
director |
10-05-10 |
10-05-10 |
Active |
NO |
|
Name : |
Mr. Jakka Satyanarayana |
|
Designation : |
Director |
|
Address : |
Old 76/5/1, New 34/5/1, |
|
Date of Birth/Age : |
15.05.1936 |
|
Date of Appointment : |
14.02.2001 |
|
DIN No.: |
00020580 |
|
|
|
|
Name : |
Mr. Krishnaswamy Kalyanaraman |
|
Designation : |
Director |
|
Address : |
25, 3rd Main Road, MC
Nagar, Chitlapakkam, Chennai, |
|
Date of Birth/Age : |
29.06.1945 |
|
Date of Appointment : |
10.08.2007 |
|
DIN No.: |
01761928 |
KEY EXECUTIVES
|
Name : |
Mr. Raju Gopal |
|
Designation : |
Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 18.08.2010
|
Names of Shareholders |
No. of Shares |
|
Irmgad Velagapudi M Rao |
3 |
|
KCP Sugars and Industries Corporation Limited, India |
599990 |
|
P.R. Ramakrishnan |
1 |
|
R. Prabhu |
1 |
|
Ramaniklala Kalyani |
1 |
|
Vinod R Sethi |
1 |
|
Kiran Rao |
1 |
|
R. Ganesan |
1 |
|
S. Chidambaram |
1 |
|
Total
|
600000 |
AS ON 18.08.2010
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Liquid Solids Separations
Equipments |
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Products : |
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Exports : |
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Countries : |
·
Thailand ·
Singapore |
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Imports : |
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Products : |
·
Raw Material |
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Countries : |
·
Germany ·
Italy |
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Terms : |
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Purchasing : |
Depend |
PRODUCTION STATUS AS ON 31.03.2010
|
Particulars |
Unit |
Actual
Production |
|
Filters , Besides Washers, Classifiers, Clarifiers, Components, Spares
etc. |
Nos. |
4 |
|
|
Nos. |
11 |
GENERAL INFORMATION
|
Customers : |
·
End Users |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
·
Axis Bank Limited, CMC Centre, Karumuttu Nilayam,
No.192, Anna Salai, Chennai-600002, Tamil Nadu, India ·
Canara Bank, 787 Mount Road, Madras -600002,
Tamil Nadu, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
B. Purushottam and Company Chartered Accountant |
|
Address : |
3-D Pioneer Homes, 23-A, North Boag Road, T. Nagar, Chennai-600017,
Tamil Nadu, India |
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PAN No. : |
AADFB9589N |
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|
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Holding Company : |
K.C.P.Sugar And Industries Corporation Limited CIN No. : L15421TN1995PLC033198 |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
Rs.10/- each |
Rs. 6.000
Millions |
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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 |
6.000 |
6.000 |
6.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
46.209 |
40.645 |
37.329 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.00 |
|
|
NETWORTH |
52.209 |
46.645 |
43.329 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
75.383 |
86.522 |
44.599 |
|
|
2] Unsecured Loans |
13.500 |
16.300 |
12.100 |
|
|
TOTAL BORROWING |
88.883 |
102.822 |
56.699 |
|
|
DEFERRED TAX LIABILITIES |
0.217 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
141.309 |
149.467 |
100.028 |
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
20.143 |
21.062 |
5.462 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
15.493 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.011 |
0.011 |
0.011 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.154 |
0.013 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
76.457
|
65.166
|
50.164
|
|
|
Sundry Debtors |
117.757
|
160.841
|
89.238
|
|
|
Cash & Bank Balances |
11.914
|
11.654
|
4.826
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
30.642
|
25.689
|
23.182
|
|
Total
Current Assets |
236.770
|
263.350 |
167.410 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
59.322
|
83.002 |
55.855 |
|
|
Other Current Liabilities |
35.422
|
35.024
|
19.300
|
|
|
Provisions |
20.871
|
17.084
|
13.206
|
|
Total
Current Liabilities |
115.615
|
135.110 |
88.361 |
|
|
Net Current Assets |
121.155
|
128.240
|
79.049
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
141.309 |
149.467 |
100.028 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|||||
|
|
SALES |
|
|
|
|||||
|
|
|
Income |
285.921 |
265.585 |
163.230 |
||||
|
|
|
Other Income |
7.499 |
3.702 |
2.642 |
||||
|
|
|
TOTAL (A) |
293.420 |
269.287 |
165.873 |
||||
|
|
|
|
|
|
|||||
|
Less |
EXPENSES |
|
|
|
|||||
|
|
|
Materials
Consumed |
167.037 |
158.527 |
87.715 |
||||
|
|
|
Purchased
of Finished Goods |
0.000 |
1.035 |
0.945 |
||||
|
|
|
Payments and Benefits to
Employees |
33.760 |
26.354 |
19.947 |
||||
|
|
|
Manufacturing Selling,
Administration and Other Expenses |
64.454 |
58.918 |
40.999 |
||||
|
|
|
Taxes
and Licenses |
2.702 |
1.051 |
0.718 |
||||
|
|
|
TOTAL (B) |
267.953 |
245.885 |
150.324 |
||||
|
|
|
|
|
|
|||||
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
25.467 |
23.402 |
15.549 |
|||||
|
|
|
|
|
|
|||||
|
Less |
FINANCIAL
EXPENSES (D) |
12.206 |
13.482 |
5.656 |
|||||
|
|
|
|
|
|
|||||
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
13.261 |
9.920 |
9.893 |
|||||
|
|
|
|
|
|
|||||
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.925 |
3.830 |
1.082 |
|||||
|
|
|
|
|
|
|||||
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|
PROFIT BEFORE
TAX (E-F) (G) |
9.336 |
6.090 |
8.811 |
|||||
|
|
|
|
|
|
|||||
|
Less |
TAX (H) |
3.771 |
2.774 |
3.270 |
|||||
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|
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|
|
|
|||||
|
|
PROFIT AFTER TAX
(G-H) (I) |
5.565 |
3.316 |
5.541 |
|||||
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|
|
|
|
|
|||||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
28.641 |
25.325 |
19.784 |
|||||
|
|
|
|
|
|
|||||
|
|
BALANCE CARRIED
TO THE B/S |
34.206 |
28.641 |
25.325 |
|||||
|
|
|
|
|
|
|||||
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|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|||||
|
|
|
Export Earnings |
4.096 |
0.000 |
0.458 |
||||
|
|
TOTAL EARNINGS |
4.096 |
0.000 |
0.458 |
|||||
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|
|
|
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|
|||||
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|
IMPORTS |
|
|
|
|||||
|
|
|
Components |
13.805 |
1.848 |
1.120 |
||||
|
|
|
Finished Goods |
0.000 |
1.044 |
1.026 |
||||
|
|
TOTAL IMPORTS |
13.805 |
2.892 |
2.146 |
|||||
|
|
|
|
|
|
|||||
|
|
Earnings Per
Share (Rs.) |
9.27 |
5.53 |
9.23 |
|||||
|
Particulars |
|
|
31.03.2011 |
|
|||||
|
Sales Turnover (Approximately) |
|
|
290.000 |
|
|||||
|
|
|
|
|
|
|||||
Expected Sales (2011-2012) : Rs.350.000 Millions
The above information has been parted by Mr. Raju Gopal.
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.90 |
1.23
|
3.01
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.27
|
2.29
|
4.86
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.63
|
2.14
|
5.10
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.13
|
0.20
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.92
|
5.10
|
3.35
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.05
|
1.94
|
1.89
|
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1. Year of Establishment |
Yes |
|
2. Locality of the firm |
Yes |
|
3. Constructions of the firm |
Yes |
|
4. Premises details |
Yes |
|
5. Type of Business |
Yes |
|
6. Line of Business |
Yes |
|
7. Promoter’s background |
----- |
|
8. No. of Employees |
Yes |
|
9. Name of person contacted |
Yes |
|
10. Designation of contact person |
Yes |
|
11. Turnover of firm for last three years |
Yes |
|
12. Profitability for last three years |
No |
|
13. Reasons for variation <> 20% |
-- |
|
14. Estimation for coming financial year |
Yes |
|
15. Capital in the business |
----- |
|
16. Details of sister concerns |
---- |
|
17. Major suppliers |
---- |
|
18. Major customers |
---- |
|
19. Payments terms |
Yes |
|
20. Export / Import details |
Yes |
|
21. Market information |
----- |
|
22. Litigations 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 accounts filed at ROC |
----- |
|
30. Major Shareholders, if available |
----- |
FORM 8
|
Corporate
identity number of the company |
U27209TN1967PLC005550 |
|
Name of the
company |
THE EIMCO-K.C.P.
LIMITED |
|
Address of the
registered office or of the principal place of business in |
183, New No. 239, Ramakrishna Buildings, Annasalai, Chennai – 600 006, Tamil Nadu, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
Immovable
property Book debts Movable property
(not being pledge) Floating charge |
|
Particular of
charge holder |
Axis Bank Limited, CMC Centre, Karumuttu Nilayam, No.192, Anna Salai,
Chennai-600002, Tamil Nadu, India |
|
Nature of
instrument creating charge |
Composite
Hypothecation Deed (Current Assets, Movables, Plant and Machinery) Declaration cum
Confirmation Deed of Confirmation For The Extension of Mortgage |
|
Date of instrument
Creating the charge |
11.04.2011 |
|
Amount secured by
the charge |
Rs. 220.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Cash Credit :
BR+3.25% i.e.12.25% EPC : up to 180 days
BR+2.25% i.e.11.25% and beyond 180 days BR+3.25% i.e.12.25% FBP/FBN : up to
90 days 12.25% beyond 90 days 13.25% i.e. BR+4.25% (Base Rate : 9%
p.a) Terms of repayment Cash Credit :
Repayable on demand FBP/FBN :
Repayable on due date Margin Cash Credit : 25%
on Stocks an book debts (Cover period 120 days) EPC : Drawing
will be permitted only against confirmed export orders / Letter of Credit
lodged with the bank actual
drawing will be permitted up to 80% of the FOB value of the confirmed
export orders / letter of credit or 75% of the value of raw material / stock
in process, finished goods, which is lower. Bank Guarantee :
100% cash margin Other Nature of
Facilities Existing Modified (Rs. in millions) Cash Credit 100.000 100.000 EPC (Sub Limit to
CC) (5.000) (5.000) FBP/FBN(Sub Limit
to CC) (5.000) (5.000) LER(Sub Limit to
CC) - - - (1.200) BG
100.000 120.000 LC (Sub-Limit to
BG) (30.000) (30.000) Total
200.000 220.000 All other terms
and conditions as per sanction letter and Instruments executed. |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation on
Exclusive Charge on all movable goods, stock of raw material, work in
progress, semi finished goods and finished goods such as mechanical bar
screens, GRIT collectors/detritors etc. Hypothecation by way
of Exclusive Charge in favour of the bank on all the present and future Book
debts, Outstanding monies, receivables, claims, contracts, securities,
investment, rights, etc., Hypothecation by
way of First Charge on all the tangible movable plant and machinery,
furniture, fixtures, fittings, other installations, electrical fittings,
computers and other accessories, vehicles Extention of EM
situated at Plot No.11-A at Ambattur Industrial Estate, Saidapet Tk, Athipet
Village and Chinglepet M. G. R. District, measuring about 1.84 Acres
Comprised in S No. 453, 454 and 455(1,2 part) |
|
Charge
identification number of the charge to be modified |
90288462 |
|
Date of
instrument modifying the charge |
24.09.2008 |
|
Particulars of
the present modification |
The amount
secured by the charge has been Enhanced from Rs. 200.000 millions to Rs.
220.000 millions All other terms
and conditions of the original charge and the subsequent modification remains
unchanged. |
FIXED
ASSETS:
- Land
- Buildings
- Plant and
Machinery
- Furniture and
Fittings
- Computers
- Knowhow and
Design
- Vehicles
WEB SITE DETAILS
PROFILE
Subject is one of the supplier of equipment and technology in India for Liquid - Solid separation and Biological treatment
processes. The company's products and technical services are
extensively used in Mineral processing, Chemical processing, Food processing,
Refining, Pulp and paper manufacturing, Municipal and Industrial water and
waste water treatment.
Milestones
|
1967 |
The Eimco-KCP
Limited, was launched in the year 1967 as a joint venture company between
EIMCO-K.C.P. Limited, Chennai, India and EIMCO Corporation, USA. |
|
1970 |
In the 1970's,
EIMCO Corporation was taken over by Envirotech Corporation. |
|
1984 |
The joint venture
existed until Baker International, USA took over the Envirotech Corporation,
USA in 1984. Eimco-KCP paid a lump sum for the EIMCO drawings and manuals and
took possession of the same updated until 1984, thus becoming a wholly owned
subsidiary of the KCP Limited. |
|
1996 |
From 01.04.1996
Eimco-KCP Limited has become a wholly owned subsidiary of KCP sugars and
Industries Corporation Limited, Chennai, India. |
|
1997 |
The Eimco-KCP
Limited has obtained ISO 9001 certification from LRQA in Feb 1997. |
Management
Smt. Irmgard Velagapudi M. Rao, Chair Person
Smt. Irmgard Velagapudi
M. Rao, aged 70 years, is a German National, wife of Sri. V. M. Rao, the
Promoter of this Company, and holds a German Diploma in Commerce. She was instrumental
in managing the Company through one of the most difficult times for the
industry and the Company and her sustained efforts had resulted in the improved
crushing and profitability.
Shri. Vinod R. Sethi, Group Chairman
Vinod R. Sethi, aged 44 years, is a Chemical Engineers from Indian
Institute of Technology, Mumbai, and an MBA (Finance) and a Beta Gamma Sigma
Graduate from New York University. He established the Indian business for
Morgan Stanley and was its Chief Investment Officer for 12 years, where the
business grew in excess of USD 2 billion in assets. He is holding Directorship
of a few other Companies as well.
Smt. V. Kiran Rao, Vice
Chair Person
Smt. V. Kiran Rao, aged
41 years, is a German National, an Anthropologist, Historian and a graduate
from the University of London and had worked in various assignments in Europe
and the United Kingdom. Under the leadership of her father, Sri. V. M. Rao, she
had gained wide experience in the sugar industry and related matters.
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. 49.19 |
|
|
1 |
Rs. 75.92 |
|
Euro |
1 |
Rs. 65.44 |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--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.