1. Summary Information
|
|
|
Country |
|
|
Company Name |
Deki Electronics Limited |
Principal Name 1 |
Mr. Jai Kumar |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Charu Sahni |
|
|
|
Registration # |
55-008845 |
|
Street Address |
132, Somdutt Chambers – 1, |
||
|
Established Date |
23.01.1978 |
SIC Code |
-- |
|
Telephone# |
91-11-26186261 / 26161246 / 26182867 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-11-26182867 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Plastic Film Capacitors |
|
|
# of employees |
226 [Approximately] |
Product Name 2 |
Electrical Transformer |
|
Paid up capital |
Rs.
9,550,800/- |
Product Name 3 |
Knitted Garments |
|
Shareholders |
Government companies (11.48%) Directors or relatives of directors (84.22%) Other top fifty (50) shareholders (4.30%) |
Banking |
Canara Bank |
|
Public Limited Corp. |
NO |
Business Period |
33 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba [50] |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates |
|
RDC Marketing Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
129,039,000 |
Current Liabilities |
33,050,000 |
|
Inventories |
51,150,000 |
Long-term Liabilities |
69,635,000 |
|
Fixed Assets |
94,358,000 |
Other Liabilities |
33,556,000 |
|
Deferred Assets |
1,483000 |
Total Liabilities |
136,241,000 |
|
Invest& other Assets |
50,000 |
Retained Earnings |
130,288,000 |
|
|
|
Net Worth |
139,839,000 |
|
Total Assets |
276,080,000 |
Total Liab. & Equity |
276,080,000 |
|
Total Assets (Previous Year) |
235,078,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
484,139,000 |
Net Profit |
41,914,000 |
|
Sales(Previous yr) |
283,791,000 |
Net Profit(Prev.yr) |
9,211,000 |
MIRA
INFORM REPORT
|
Report Date : |
11.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
DEKI ELECTRONICS LIMITED |
|
|
|
|
Registered Office : |
132, Somdutt Chambers-I, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
23.01.1978 |
|
|
|
|
Com. Reg. No.: |
55-8845 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.551 Millions |
|
|
|
|
CIN No.: [Company Identification No.] |
U32109DL1978PLC008845 |
|
|
|
|
TAN No.: [Tax Deduction
& Collection Account No.] |
DELD00348F |
|
|
|
|
Legal Form : |
A closely held public limited liability Company. |
|
|
|
|
Line of Business : |
Manufacturers, Exporters and Importer of Plastic Film
Capacitors. |
|
|
|
|
No. of Employees
: |
226 [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 560000 |
|
|
|
|
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 – 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 |
LOCATIONS
|
Registered Office : |
132, Somdutt Chambers-I, |
|
Tel. No.: |
91-11-26186261 / 26161246 / 26182867 |
|
Fax No.: |
91-11-26182867 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
336 sq. fts. |
|
Location : |
Rented |
|
|
|
|
Administrative
Office / Factory 1 : |
B-20, Sector - 58, District – Gautam Budh Nagar, Noida – 201 301, |
|
Tel. No.: |
91-120-2584687 / 88 / 2585457 / 58 / 26161246 |
|
Fax No.: |
91-120-2585289 / 26182867 |
|
E-Mail : |
|
|
Area : |
25000 sq. fts. |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
D-19, Sector 10, Gautam Budh Nagar, Noida, |
|
Tel. No.: |
91-120-2584687 / 88 |
|
Fax No.: |
91-120-2585289 |
|
E-Mail : |
|
|
Area : |
16000 sq. ft. |
|
Location : |
Owned |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Jai Kumar |
|
Designation : |
Whole Time Director |
|
Address : |
160 Munirka Enclave, |
|
Date of Birth/Age : |
05.02.1930 |
|
Qualification : |
Msc. Chemistry |
|
Date of Appointment : |
31.03.1982 |
|
DIN : |
00253838 |
|
|
|
|
Name : |
Mr. Vinod Sharma |
|
Designation : |
Managing Director |
|
Address : |
160 Munirka Enclave, |
|
Date of Birth/Age : |
20.09.1965 |
|
Qualification : |
Diploma in Hotel Management |
|
Date of Appointment : |
11.08.1992 |
|
DIN : |
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 |
U32109DL1978PLC008845 |
Deki Electronics
Limited |
Managing
director |
25-10-07 |
11-08-92 |
Active |
NO |
|
2 |
U74899DL1967NPL015218 |
Elcina
Electronic Industries Association Of |
Director |
08-09-05 |
08-09-05 |
Active |
NO |
|
|
|
|
Name : |
Mr. Charu Sahni |
|
Designation : |
Director |
|
Address : |
405, Block – 3, Silver Estate, Sector – 50, Noida – 201 301, |
|
Date of Birth/Age : |
24.05.1969 |
|
Qualification : |
Post Graduate from NIIFT |
|
Date of Appointment : |
17.08.1999 |
|
DIN : |
00145037 |
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 |
U74899DL1995PTC069201 |
Shri Krishna
Investments Private Limited |
Director |
30-05-95 |
30-05-95 |
Active |
NO |
|
2 |
U32109DL1978PLC008845 |
Deki Electronics
Limited |
Director |
17-08-99 |
17-08-99 |
Active |
NO |
|
3 |
U74899DL1995PTC069197 |
Deki Housing
Private Limited |
Director |
28-03-04 |
28-03-04 |
Active |
NO |
|
|
|
|
Name : |
Mr. Somnath Chatterjee |
|
Designation : |
Director |
|
Address : |
H – 166, Sector – 41, Noida, Gautam Budh Nagar, Uttar Pradesh - 201303 |
|
Date of Birth/Age : |
11.03.1961 |
|
Qualification : |
Post Graduate from NIIFT |
|
Date of Appointment : |
16.12.2003 |
|
DIN : |
00334820 |
|
|
|
|
Name : |
Mr. Pramod Chawla |
|
Designation : |
Director |
|
Address : |
K – 87, Hauz Khas Enclanve, |
|
Date of Birth/Age : |
16.04.1941 |
|
Qualification : |
Post Graduate MBA |
|
Date of Appointment : |
18.08.2005 |
|
DIN : |
00646044 |
|
|
|
|
Name: |
Mr. Ashok Kumar Gupta |
|
Designation: |
Nominee Director |
|
Address: |
18 UPSID Officers Colony, Nawab Ganj, |
|
Date of Birth/Age : |
11.05.1956 |
|
Date of Appointment : |
28.04.1983 |
|
DIN : |
01250708 |
|
|
|
|
Name: |
Mr. Ranjit Kumar Whig |
|
Designation: |
Alternate Director |
|
Address: |
C-231, Defence Colony, |
|
Date of Birth/Age : |
29.09.1941 |
|
Date of Appointment : |
22.02.2011 |
|
DIN : |
03378661 |
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 |
U32109DL1978PLC008845 |
Deki Electronics
Limited |
Director |
30-06-11 |
22-02-11 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2009
|
Names
of Shareholders |
No of Shares |
|
|
16000 |
|
Jai Kumar |
708010 |
|
Vinod Sharma |
16880 |
|
Vimla Agarwal |
1600 |
|
Charu Sahni |
16000 |
|
Ruchika Gupta |
15700 |
|
Deepika Sharma |
14100 |
|
Lakshmi C.Chand ((Joint Kusum Chand) |
73000 |
|
Lakshmi C.chand (Joint Ram Chand) |
127000 |
|
Charu Sahni |
16000 |
|
Kumari Gupta |
3400 |
Equity Share
Breakup As on 30.09.2010
|
Category |
Percentage |
|
Government companies |
11.48 |
|
Directors or relatives of directors |
84.22 |
|
Other top fifty (50)
shareholders |
4.30 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers, Exporters and Importer of Plastic Film
Capacitors. |
||||||||
|
|
|
||||||||
|
Products : |
· Polyester Film Capacitors · Mixed dielectric Film Capacitors · Polypropylene Film Capacitors |
PRODUCTION STATUS
As on 31.03.2010
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Film Capacitor |
Million Pcs.
P.a. |
700 |
460 |
672134281 pcs |
GENERAL INFORMATION
|
Customers : |
OEM’s and Dealers |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
226 [Approximately] |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Canara Bank, South Extension, Part – 1, ·
The Canara Bank Limited, T.S No. 81-1 of 15th
Ward, Light House Hill, Mangalore-110049, |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R. K. Lal and Company Chartered Accountant Address : B-84,
Defence Colony, |
|
|
|
|
|
|
|
Associates/Subsidiaries : |
· RDC Marketing
Private Limited D-9, Sector 10, Noida, Line
of Business: Job Work · D-9, Sector 10, Noida, Line
of Business: Garment Manufacturing · Deki Housing
Private Limited |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3000000 |
Equity Shares |
Rs.10 each |
Rs.30.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
955080 |
Equity Shares |
Rs.10 each |
Rs.9.551 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 |
9.551 |
9.551 |
9.551 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
130.288 |
90.536 |
82.728 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
NETWORTH
|
139.839 |
100.087 |
92.279 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
46.511 |
77.838 |
55.646 |
|
|
2] Unsecured Loans |
23.124 |
21.896 |
19.285 |
|
TOTAL
BORROWING
|
69.635 |
99.734 |
74.931 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.759 |
0.382 |
|
|
|
|
|
|
|
TOTAL
|
209.474 |
200.580 |
167.592 |
|
|
|
|
|
|
|
APPLICATION OF FUNDS
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block]
|
94.358 |
106.275 |
88.688 |
|
Capital work-in-progress
|
0.000 |
0.000 |
3.021 |
|
|
|
|
|
|
|
INVESTMENT
|
0.000 |
0.000 |
0.000 |
|
DEFERREX TAX ASSETS
|
1.483 |
0.000 |
0.000 |
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES
|
|
|
|
|
|
|
Inventories
|
51.150
|
45.126
|
40.671
|
|
|
Sundry Debtors
|
86.788
|
57.583
|
48.053
|
|
|
Cash & Bank Balances
|
5.178
|
3.507
|
3.857
|
|
|
Other Current Assets
|
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances
|
37.073
|
22.525
|
21.666
|
Total Current Assets
|
180.189
|
128.741
|
114.247
|
|
Less : CURRENT LIABILITIES & PROVISIONS
|
|
|
|
|
|
|
Current Liabilities
|
8.793
|
3.134
|
6.741
|
|
|
Sundry Creditors
|
24.257
|
21.136
|
16.816
|
|
|
Provisions
|
33.556
|
10.228
|
14.882
|
Total Current Liabilities
|
66.606
|
34.498
|
38.439
|
|
Net Current
Assets
|
113.583
|
94.243
|
75.808
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES
|
0.050 |
0.062 |
0.075 |
|
|
|
|
|
|
|
TOTAL
|
209.474 |
200.580 |
167.592 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
484.139 |
283.791 |
236.406 |
|
|
|
Other Income |
6.801 |
1.873 |
1.718 |
|
|
|
TOTAL |
490.940 |
285.664 |
238.124 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing Expenses |
324.612 |
182.368 |
140.580 |
|
|
|
Personnel Cost |
66.448 |
50.221 |
45.305 |
|
|
|
Administrative Expenses |
13.604 |
10.884 |
6.087 |
|
|
|
Marketing and Sales Expenses |
4.933 |
2.181 |
1.448 |
|
|
|
Increase / Decrease in Stocks |
[9.424] |
0.143 |
[3.711] |
|
|
|
TOTAL |
400.173 |
245.797 |
189.709 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
90.767 |
39.867 |
48.415 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
11.475 |
11.941 |
10.053 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
79.292 |
27.926 |
38.362 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
15.621 |
13.490 |
12.829 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
63.671 |
14.436 |
25.533 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
21.757 |
5.225 |
8.902 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
41.914 |
9.211 |
16.631 |
|
|
|
|
|
|
|
|
|
|
Adjustment
Relating to Previous year |
0.073 |
0.272 |
0.366 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
59.029 |
51.696 |
37.225 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
Transfer to General Reserve |
2.099 |
0.474 |
0.850 |
|
|
|
Proposed Dividend @20% |
1.910 |
1.433 |
1.433 |
|
|
|
Tax on Dividend @ 16.995% |
0325 |
0.243 |
0.243 |
|
|
|
BALANCE CARRIED
TO THE B/S |
96.682 |
59.029 |
51.696 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
|
24.160 |
9.020 |
19.510 |
|
|
TOTAL EARNINGS |
24.160 |
9.020 |
19.510 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
135.867 |
112.050 |
96.202 |
|
|
|
Stores & Spares |
1.508 |
3.082 |
1.219 |
|
|
|
Semi finished Capacitors |
129.138 |
34.481 |
14.255 |
|
|
|
Machines |
3.547 |
24.886 |
3.076 |
|
|
TOTAL IMPORTS |
270.060 |
174.499 |
114.752 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
43.88 |
9.64 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
PAT / Total Income
|
(%)
|
8.54
|
3.22
|
6.98
|
|
|
|
|
|
|
Net Profit Margin
(PBT/Sales) |
(%) |
13.15
|
5.09
|
10.80
|
|
|
|
|
|
|
Return on Total Assets
(PBT/Total Assets} |
(%) |
23.19
|
6.14
|
8.19
|
|
|
|
|
|
|
Return on Investment (ROI)
(PBT/Networth) |
|
0.45
|
0.14
|
0.28
|
|
|
|
|
|
|
Debt Equity Ratio
(Total Liability/Networth) |
|
0.97
|
1.34
|
1.23
|
|
|
|
|
|
|
Current Ratio
(Current Asset/Current Liability) |
|
2.70
|
3.73
|
2.97
|
LOCAL AGENCY FURTHER INFORMATION
PERFORMANCE AND
FUTURE PROSPECTS
Net sales during the year 2009-10 was Rs.484.139 Millions which was 70.60% higher than the sales value of the previous year 2008-09, highest annual growth rate ever achieved by Deki. Emerging from the financial crisis, Indian companies have shown a steady increase in off-takes. The lighting industry’s growth has been particularly impressive . the company’s focus on this segment has yielded good results. They have also been able to consistently claim enhanced market share versus imported capacitors. The manufacturing expansion implemented during the previous year, along with capacitors procured from their Chinese partner have substantially enhanced their market presence.
Export turnover during the year amounted to Rs.24.160
Millions as compared to Rs.9.020 Millions in the previous year. This is a
growth of approximately 268% in exports. The company is striving hard to
further improve export sales of capacitors. They have recently made inroads
into two large customers in
Profitability during the year has shown a very healthy
increase, largely based on the robust increase in the top line and operational
improvements at the plant level. They are aiming at being the first choice of
their Indian customers. A healthy growth rate is envisaged, though sustaining
the rate achieved last year is ambitious.
EXPANSION /
DIVERSIFICATION
They had recently concluded expansion in the metallized capacitor line during the previous year. This capacity was almost fully utilized during this year. An enhancement of productivity was undertaken in Film/ foil capacitor winding section followed by a project to balance capacity in the entire film/foil capacitor line.
FINANCE
The working capital limit with Canara Bank is Rs. 62.500 millions. During the year, company has repaid Rs.16.870 Millions from existing term loans. Out of term loan sanctioned in Aug 2008 approx Rs.4.178 Millions have been disbursed to the company by the end of March 2010, which has been utilized towards expansion programme. No other amount has received as term loan during the year.
CONTINGENT
LIABILITIES (As on 31.03.2010)
Contingent
liabilities are as under:-
a) An amount of
Rs.0.244 million in respect of guarantee and Rs.2.683 Millions in respect of
Bonds given to Excise Authorities (Previous year Rs.0.171 and Rs.2.110 millions respectively).
b) Rs.0.207
million for custom duty on UPS import under EPCG scheme.
c) LC to the tune
of Rs 4.598 millions was outstanding at the close of year. (Previous year Rs.
1.143 millions)
d) An amount of
Rs.3.109 millions in respect of non receipt of .C. form and Rs.0.289 million in
respect of non receipt of ‘I’ form from customers for sales made up to quarter
ended Dec 2009
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U32109DL1978PLC008845 |
|
Name of the
company |
DEKI ELECTRONICS LIMITED |
|
Address of the registered
office or of the principal place of
business in |
132, Somdutt Chambers – 1, |
|
This form is for |
Creation of
Charge |
|
Type of charge |
Movable property
(not being pledge) |
|
Particular of
charge holder |
Canara Bank South Extension, Part – 1, |
|
Nature of
instrument creating charge |
Canmobile Agreement dated 29-09-2009 |
|
Date of
instrument Creating the charge |
29.09.2009 |
|
Amount secured by
the charge |
Rs. 1.700
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest
- @ 8.50% for 12 months, @ 9.50% for 24 months and @ 10.00% p.a. for 24
months or BPLR - 2.00% Terms of
Repayment - Repayable in 60 EMIs of Rs. 0.036 million each commencing from
October 2009 till the entire loan with interest and other charges are repaid
in full. Margin – 10% Extent and
Operation of the charge - 100% Others - To
secure all amounts payable under Vehicle Loan of Rs. 1.700 millions granted
to the company together with all interests, costs, charges, expenses etc. |
|
Short particulars
of the property charged |
Hypothecation of Toyota Fortune having Chasis No. 5000658, Engine No. 1 KD 6356749, Colour - Black Mica |
FIXED ASSETS
·
·
Building
·
Plant and Machinery
·
Electric Installation
·
Machinery
·
Machinery Accessories
·
Tools and Equipments
·
Air Conditioners
·
Typewriter
·
D G Set
·
Coolers
·
Fans
·
Fire Fighting
·
Vehicles
·
Cycles
·
Furniture and Fixtures
·
Computers
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.49.07 |
|
|
1 |
Rs.76.65 |
|
Euro |
1 |
Rs.66.17 |
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 |
6 |
|
--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.