|
Report Date : |
06.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHAPOORJI PALLONJI AND COMPANY LIMITED |
|
|
|
|
Registered
Office : |
70, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
23.01.1943 |
|
|
|
|
Com. Reg. No.: |
11-3812 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2030.200 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200MH1943PLC003812 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS39398C / MUMS39389A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS6994C / AAACS9383H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company. |
|
|
|
|
Line of Business
: |
Civil Construction Activity. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (79) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 24840000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and reputed company having fine track
records. Financial position of the company appears to be sound. Fundamentals are
strong and healthy. Directors are reported to be experienced and respectable
businessmen. Trade relations are reported as fair. Business is active.
Payments are reported to be regular 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.
INFORMATION DENIED BY
|
Name : |
Mr. Surendra |
|
Designation : |
Finance Executive |
|
Contact No.: |
91-22-22871040 |
|
Date : |
03.04.2012 |
LOCATIONS
|
Registered
Office : |
70, |
|
Tel. No.: |
91-22-22871040 |
|
Fax No.: |
91-22-66338176 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Administrative Office : |
Shapoorji Pallonji Centre, 41/44, MINOO Desai Marg, Colaba, Mumbai -
400 005, |
|
Tel. No.: |
91-22-22871040/41/22870197 |
|
Fax No.: |
91-22-66338176 |
|
E-Mail : |
|
|
|
|
|
Corporate office
: |
36, 2nd Floor, 1st |
|
Tel. No.: |
91-44-24341555 |
|
|
|
|
Kolkata - EPC
Office : |
|
|
Tel No.: |
91-33 - 2367 5245 / 46 / 47 |
|
Email : |
atanu.ranjan@shapoorji.com
(Mr. Atanu Ranjan) |
|
|
|
|
Regional Office
: |
Contractor Bldg, Basement, Ramjeebhai Kamani Marg, Ballard
Estate,Mumbai-400038 Maharashtra |
|
Tel No.: |
91-22-6623 3600 |
|
Fax No.: |
91--22-6623 3563 |
|
Email : |
paras.vishwakarma@shapoorji.com (Mr.Vishvakarma) |
|
|
|
|
Human Resources
Department : |
|
|
Tel. No.: |
91-22-67490000 |
|
Fax No.: |
91-22-22662997 |
|
Email : |
|
|
|
|
|
Showroom : |
54, |
|
Tel. No.: |
91-22-23421770 |
|
Fax No.: |
91-22-23421517 |
|
|
|
|
Overseas Office:
|
Dubai Mr. M D Saini Tel. No.: 0097-14-2690334 Fax No.: 0097-14-2690335 Email : mohandass.saini@shapoorji.com Shapoorji Pallonji Mideast LLC P. Box 38/49, Bin Moosa Tower, Office # 304, Hamdan Street, Abu Dhabi, UAE Mr. A. Vivek Anandarajah Tel. No.: 0097-12-6275774 Email : vivek.anandarajah@shapoorji.com
|
|
|
|
|
Branches : |
Pune A-9,2 nd floor,Street -
3, Indian Airlines Colony,Begumpet, Secunderabad-500 003 Kolkata
Chennai Delhi Ahmedabad |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Pallonji
Shapoorji Mistry |
|
Designation : |
Director
|
|
Address : |
|
|
Date of Birth/Age : |
01.06.1929 |
|
Date of Appointment : |
07.04.1956 |
|
|
|
|
Name : |
Mr. Shapoor Pallonji Mistry |
|
Designation : |
Managing Director |
|
Address : |
|
|
Date of Birth/Age : |
06.09.1964 |
|
Date of Appointment : |
22.04.1987 |
|
|
|
|
Name : |
Mr. Cyrus Pallonji Mistry |
|
Designation : |
Managing Director |
|
Address : |
|
|
Date of Birth/Age : |
04.07.1968 |
|
Date of Appointment : |
27.03.1991 |
|
|
|
|
Name : |
Mr. Patsy Pallonji Mistry |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
19.09.1939 |
|
Date of Appointment : |
31.03.2007 |
|
Other Directorship : |
Shapoorji Pallonji [ CIN No.: U51900MH1944PTC020365 |
|
|
|
|
Name : |
Mr. Khushroo Burjor Captain |
|
Designation : |
Director |
|
Address : |
D/4, |
|
Date of Birth/Age : |
24.04.1930 |
|
Date of Appointment : |
18.07.1984 |
|
|
|
|
Name : |
Mr. Firoze Kavshah Bhathena |
|
Designation : |
Director |
|
Address : |
C/203,
|
|
Date of Birth/Age : |
18.07.1948 |
|
Date of Appointment : |
18.07.1984 |
|
|
|
|
Name : |
Mrs. Jimmy Jehangir Parakh |
|
Designation : |
Director |
|
Address : |
502, |
|
Date of Birth/Age : |
01.10.1949 |
|
Date of Appointment : |
22.04.1987 |
|
Date of Ceasing : |
01.04.2011 |
KEY EXECUTIVES
|
Name : |
Mr. Roshen Minocher Nentin |
|
Designation : |
Secretary |
|
Address : |
King’s Building, |
|
Date of Birth/Age : |
12.12.1952 |
|
Date of Appointment : |
20.10.1978 |
|
|
|
|
Name : |
Mr. H. J. Tavaria |
|
Designation : |
Director - Finance and Systems |
|
|
|
|
Name : |
Mr. R. A. Jain |
|
Designation : |
Director - Building Products Division |
|
|
|
|
Name : |
Mr. M. D. Saini |
|
Designation : |
Director - Operations |
|
|
|
|
Name : |
Brigediator A. R. Sinha |
|
Designation : |
Chief Executive Officer - Real Estate |
|
|
|
|
Name : |
M. S. Hingorani |
|
Designation : |
Director- Corporate Affairs |
|
|
|
|
Name : |
Mr. Surendra |
|
Designation : |
Finance Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Shapoor
Pallonji Mistry |
|
1081100 |
|
Cyrus
Pallonji Mistry |
|
1081100 |
|
Sterling
Investment Corporation Private Limited, Mumbai |
|
1346100 |
|
Cyrus
Investment Limited, Mumbai |
|
346100 |
|
SC
Finance and Investments Private Limited, Mumbai |
|
50080900 |
|
SP
Finance Private Limited, Mumbai |
|
50080900 |
|
Blue Arrow
Finance Private Limited , Mumbai |
|
4000 |
|
Total |
|
104020200 |
AS ON 30.09.2011
|
Names of Shareholders
(Preference Shares) |
|
No. of Shares |
|
Shapoor Pallonji Mistry |
|
50000100 |
|
Cyrus Pallonji Mistry |
|
50000100 |
|
Total |
|
100000200 |
AS ON 30.09.2011
|
Category |
Percentage |
|
Bodies corporate |
97.92 |
|
Directors or relatives of Directors |
2.08 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Civil Construction Activity. |
GENERAL INFORMATION
|
No. of Employees
: |
Not Available |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
Deutsche Bank Ag, 222, Kodak House, D N Road, Fort,, Mumbai - 400001, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
Footnotes (A)
(Secured
by hypothecation of specific assets) {Amount due within a year Rs. 255.242
Millions (Previous year Rs.227.112 Millions )} (B)
(B) (Secured
by English Mortgage on flats under construction owned by the company and by
hypothecation of the Company's Stocks and book debts) (C)
(C)
{Term loan of Rs. 1,079.267 Millions (Previous year Rs. Nil) secured by
hypothecation of specific assets and Rs. 2,590.000 Millions (Previous year
Rs. 1,500.000 Millions) secured by pledge of shares of Sterling and Wilson
Ltd., a subsidiary and mortgage by deposit of Title Deeds of one of the
Company's immoveable properties) {Amount due within a year Rs 2,766.410 Millions
(Previous year Rs. Nil )}
Footnotes (A) (The debenture is compulsorily convertible
into 1,000,000 equity shares of Rs. 10/- each at a premium of Rs. 3873.80 per
share at any time after the date of allotment viz October 27, 2010, but on or
before March 31, 2012) (B) {Including Rs. 19.447 Millions (Previous
year Rs. 616,447,300) from Directors and a loan of Rs. 300.000 Millions
(Previous year Rs. 300,000,000) covered by as undertaking of non-disposal of
certain investments by Managing Directors} (C) Commercial paper are net of discount not
written off on them. Discount not written of on commercial paper for CY-
Rs.24.770 Millions and PY-Rs.45.799 Millions and Maximum outstanding during
the year Rs. 2,500.000 Millions (Previous year Rs. 2,000.000 Millions) |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountant |
|
Address : |
12, |
|
Tel. No.: |
91-22-66679000 |
|
Fax No.: |
91-22-66679100 |
|
|
|
|
Subsidiaries : |
·
Abhipreet Trading Private Limited ·
Afcons (Overseas) Constructions And ·
Investments Private Limited A F C O N S
Infrastructure Limited ·
Alaya Properties Private Limited ·
Archaic Properties Private Limited ·
Bengal Shapoorji Business Parks Private Limited ·
Bengal Shapoorji Infrastructure Development
Private Limited ·
Blue Riband Properties Private Limited ·
Chinsha Property Private Limited ·
Corporate Apparel Usa Inc ·
Cyrus Engineers Private Limited ·
Delna Finance And Investments Pvt Ltd ·
Delphi Properties Private Limited ·
Devine Realty And Construction Private Limited ·
Doris Properties Private Limited ·
East View Estates Private Limited ·
Empower Builder Private Limited ·
Fayland Estates Private Limited ·
Firstrock Infrastructures Private Limited ·
Flamboyant Developers Private Limited ·
F Loorai S E Developers Private Limited ·
Floral Finance Private Limited ·
Flore A T Investments Limited ·
Flotilla Finance Private Limited ·
Forbes and Company Limited ·
Forvol International Services Limited ·
Gallops Developers Private Limited ·
Gokak Textiles Limited ·
Gossip Properties Private Limited ·
High Point Properties Limited ·
Joy Car Care Private Limited ·
Khvafar Investments Private Limited ·
Lucrative Properties Private Limited ·
Make Home Realty And Construction Private Limited ·
Manjri Developers Private Limited ·
Manjri Horse Breeders' Farm Private Limited ·
Meriland Estates Private Limited ·
Mileage Properties Private Limited ·
Miracletouch Developers Private Limited ·
Mydream Properties Private Limited ·
Next Gen Publishing Limited ·
Neil Properties Private Limited ·
Palchin Real Estates Private Limited ·
Phenomenon Developers Private Limited ·
Precaution Properties Private Limited ·
Relationship Properties Private Limited ·
S P International ·
S C Impex Private Limited ·
Shachin Real Estates Private Limited ·
Shapoorji And Company Private Limited ·
Shapoorji Data Processing Private Limited ·
Shapoorji Drilling Enterprise Private Limited ·
Shapoorji Hotels Private Limited ·
Shapoorji Pallonji (Gwalior) Private Limited ·
Shapoorji Pallonji Energy (Gujarat) Private
Limited ·
Shapoorji Pallonji Finance Limited ·
Shapoorji Pallonji Infrastructure Capital Company
Limited ·
Shapoorji Pallonji Investment Advisors Private
Limited ·
Sharus Building Services India Private Limited ·
Simar Port Private Limited ·
Sp Agri Management Services Private Limited ·
Sp Biofuel Ventures Private Limited ·
Sp Infocity Developers Private Limited ·
Steppe Developers Private Limited ·
Sterling And Wilson Limited ·
Sterling And Wilson Powergen Private Limited ·
Sterling Generators Private Limited ·
Sterling Industries Fz Llc ·
Sunny View Estates Private Limited ·
Think Ahead Properties Private Limited ·
United Motors (India) Limited ·
Universal Mine Developers And Service Providers
Private Limited ·
Shapoorji Pallonji Pipelines Engineering Company
Private Limited |
|
|
|
|
Associates : |
· Armada D1 Pte Ltd · Awesome Properties Private Limited · Bengal Shapoorji Housing Development Private Limited · Blessing Properties Private Limited · Cyrus Chemicals Private Limited · Grand View Estates Private Limited · Natural Oil Ventures Co. Limited · New Heights Properties Private Limited · P T Gokak Indonesia · Shapoorji Pallonji Mid-East (Llc) · Sharus Steel Products Private Limited ·
Trichy Tollway Private Limited |
CAPITAL STRUCTURE
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
105050000 |
Equity Share |
Rs.10/- Each |
Rs. 1050.500
Millions |
|
100000200 |
0.5%
Non-Cumulative, Non-Convertible, Redeemable Preference Shares |
Rs.10/- Each |
Rs. 1000.002
Millions |
|
|
Total |
|
Rs. 2050.502 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
104020200 |
Equity Share |
Rs.10/- Each |
Rs. 1040.202
Millions |
|
100000200 |
0.5% Non-Cumulative,
Non-Convertible, Redeemable Preference Shares |
Rs.10/- Each |
Rs. 1000.002
Millions |
|
|
Total |
|
Rs. 2040.204 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2040.204 |
2030.200 |
2030.200 |
|
|
2] Share Application Money |
0.000 |
0.007 |
0.000 |
|
|
3] Reserves & Surplus |
8678.955 |
5519.473 |
4179.917 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
10719.159 |
7549.680 |
6210.117 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
4337.352 |
2542.719 |
4805.929 |
|
|
2] Unsecured Loans |
21661.360 |
13736.707 |
6346.621 |
|
|
TOTAL BORROWING |
25998.712 |
16279.426 |
11152.550 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
36717.871 |
23829.106 |
17362.667 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2227.508 |
1854.323 |
1797.875 |
|
|
Capital work-in-progress |
13.740 |
2.246 |
9.658 |
|
|
|
|
|
|
|
|
INVESTMENT |
11044.989 |
7623.398 |
2317.660 |
|
|
DEFERREX TAX ASSETS |
334.542 |
288.714 |
187.222 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
8993.442
|
4930.427 |
3398.815
|
|
|
Sundry Debtors |
11597.106
|
10387.326 |
10564.902
|
|
|
Cash & Bank Balances |
2319.898
|
1783.544 |
1634.695
|
|
|
Other Current Assets |
858.275
|
754.090 |
316.608
|
|
|
Loans & Advances |
18043.794
|
13437.503 |
9185.649
|
|
Total
Current Assets |
41812.515
|
31292.890 |
25100.669 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
8405.239
|
6316.334 |
6335.418
|
|
|
Other Current Liabilities |
9794.391
|
10519.516 |
5413.077
|
|
|
Provisions |
515.795
|
396.615 |
301.923 |
|
Total
Current Liabilities |
18715.425
|
17232.465 |
12050.418 |
|
|
Net Current Assets |
23097.090
|
14060.425 |
13050.251
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
36717.871 |
23829.106 |
17362.667 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
31706.498 |
26938.952 |
30886.352 |
|
|
|
Other Income |
3006.345 |
1679.618 |
1084.675 |
|
|
|
TOTAL (A) |
34712.843 |
28618.570 |
31971.027 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
13389.118 |
10513.018 |
26404.151 |
|
|
|
Manufacturing service costs |
2201.374 |
1978.169 |
1123.244 |
|
|
|
Contract cost |
13405.486 |
10211.324 |
47.403 |
|
|
|
Employee related expenses |
786.138 |
751.375 |
847.883 |
|
|
|
Manufacturing other operating expenses |
1059.239 |
1396.915 |
0.000 |
|
|
|
TOTAL (B) |
30841.355 |
24850.801 |
28422.681 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3871.488 |
3767.769 |
3548.346 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1995.051 |
1717.935 |
1405.809 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1876.437 |
2049.834 |
2142.537 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
347.067 |
294.296 |
303.423 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1529.370 |
1755.538 |
1839.114 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
42.189 |
636.797 |
637.188 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
1487.181 |
1118.741 |
1201.926 |
|
|
|
|
|
|
|
|
|
|
ADJUSTMENTS
RELATED MERGER ACQUISITIONS |
0.000 |
220.814 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
6690.599 |
5203.418 |
3863.862 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
14.40 |
10.86 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
4.28
|
3.91 |
3.76
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.82
|
6.52 |
5.75
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.47
|
3.29 |
6.84
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.23 |
0.30
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.17
|
4.44 |
3.74
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.23
|
1.82 |
2.08
|
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
|
|
|
|
Creditors due small micro enterprises |
7.860 |
5.414 |
5.984 |
|
Creditors due others |
8397.379 |
6310.920 |
6329.434 |
|
|
|
|
|
|
Check List by
Info Agents |
Available in Report
(Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions 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 |
No |
|
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 |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if
applicable) |
-- |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
-- |
|
30) Major Shareholders, if available |
Yes |
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] 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.51.04 |
|
|
1 |
Rs.81.08 |
|
Euro |
1 |
Rs.67.39 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
9 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
9 |
|
--LIQUIDITY |
1~10 |
9 |
|
--LEVERAGE |
1~10 |
9 |
|
--RESERVES |
1~10 |
9 |
|
--CREDIT LINES |
1~10 |
9 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
79 |
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.