MIRA
INFORM REPORT
|
Report Date : |
16.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
SCHREIBER DYNAMIX DAIRIES LIMITED (w.e.f. 03.11.2006) |
|
|
|
|
Formerly Known
As : |
DYNAMIX DAIRY INDUSTRIES LIMITED |
|
|
|
|
Registered Office
: |
A-306/307, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
11.05.1992 |
|
|
|
|
Com. Reg. No.: |
11-66700 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.950.962 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1992PLC066700 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMD09903F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD3743J |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Supplier of Value added dairy products. |
|
|
|
|
No. of Employees
: |
600 (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 10000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having good track. General financial
position is satisfactory. Trade relations are reported as fair. Business is
active. Payments are reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Pravin Heda |
|
Designation : |
Senior Manager |
|
Contact No.: |
91-22-67711900 |
LOCATIONS
|
Registered /Corporate Office : |
A-306/307, Dynasty Business Park, 58 Andheri Kurla Road, Andheri
(East), Mumbai - 400059, Maharashtra, India |
|
Tel. No.: |
91-22-67711900/903 |
|
Fax No.: |
91-22-67711910 |
|
E-Mail : |
praveen.heda@schreiberfoods.com
|
|
Website : |
|
|
Area : |
5000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
E-94, MIDC, Bhigwan Road, Baramati – 413133, District Pune,
Maharashtra, India |
|
Tel. No.: |
91-2112-243821/22/23/24 |
|
Fax No.: |
91-2112-243710/ 243707 |
|
Area : |
2 acre |
|
Location : |
Owned |
DIRECTORS
As on 16.09.2011
|
Name : |
Mr. Amitabha Ray |
|
Designation : |
Managing Director |
|
Address : |
82, Trishul, 3rd Cross Road Lokhandwala Complex, Andheri West,
Mumbai – 400058, Maharashtra, India. |
|
Date of Birth/Age : |
23.08.1949 |
|
Date of Appointment : |
18.11.2005 |
|
DIN No.: |
00082806 |
|
|
|
|
Name : |
Mr. Pramod Krishnamoorary Goenka |
|
Designation : |
Director |
|
Address : |
Jakni Kutir, Vaibhav Society, Juhu Church Road, Mumbai – 400049,
Maharashtra |
|
Date of Birth/Age : |
31.12.1961 |
|
Date of Appointment : |
09.06.2001 |
|
DIN No.: |
00029243 |
|
|
|
|
Name : |
Mr. Gobind Kaliandas Dryanani |
|
Designation : |
Director |
|
Address : |
Flat No. 24, 2nd Floor, Chitrakut Building, Altamount Road,
Mumbai -400026, Maharashtra |
|
Date of Birth/Age : |
13.08.1933 |
|
Date of Appointment : |
24.06.2005 |
|
DIN No.: |
00324867 |
|
|
|
|
Name : |
Mr. Craig Edward Newman |
|
Designation : |
Director |
|
Address : |
3071, Mercedes Drives., |
|
Date of Birth/Age : |
22.09.1967 |
|
Date of Appointment : |
25.09.2003 |
|
DIN No.: |
01776419 |
|
|
|
|
Name : |
Helmut Felder |
|
Designation : |
Director |
|
Address : |
425, Pine Street, Green bay, WI, USA-54301 |
|
Date of Birth/Age : |
16.06.1957 |
|
Date of Appointment : |
14.01.2004 |
|
DIN No.: |
01776381 |
|
|
|
|
Name : |
Mr. Krishna Murari Goenka |
|
Designation : |
Director |
|
Address : |
501 Kings Paartment, Juhu Tara Road, Mumbai – 400049, Maharashtra,
India. |
|
Date of Birth/Age : |
06.12.1936 |
|
Date of Appointment : |
11.05.1992 |
|
DIN No.: |
00029591 |
|
|
|
|
Name : |
Harley Tipton Skidmore |
|
Designation : |
Director |
|
Address : |
1894, Cady Lane, |
|
Date of Birth/Age : |
09.02.1958 |
|
Date of Appointment : |
13.03.2009 |
|
DIN No.: |
02585285 |
KEY EXECUTIVES
|
Name : |
Mr. Hemant Rajnikant Kothari |
|
Designation : |
Company Secretary |
|
Address : |
D – 201, Akruti Park, A K Road, Andheri (East), Mumbai – 400072,
Maharashtra |
|
Date of Birth/Age : |
13.03.1976 |
|
Date of Appointment : |
10.01.2009 |
|
PAN No.: |
AJSPK4393H |
|
|
|
|
Name : |
Mr. Pravin Heda |
|
Designation : |
Senior Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 16.09.2011
|
Names of
Shareholders |
|
No. of Shares |
|
Krishna Murari Goenka |
|
1082720 |
|
Vinod K. Goenka |
|
1647920 |
|
Vinod K. Goenka – Karta HUF |
|
1647954 |
|
Aseela Goenka |
|
1647920 |
|
Vinod K. Goenka |
|
1647920 |
|
Pramod K.Goenka |
|
1561714 |
|
Gobind K.Daryanani Rajni G. Daryanani |
|
11811788 |
|
Schreiber International Inc., USA |
|
48499062 |
|
Shivkumar Dalmia - HUF |
|
201879 |
|
Surendrakumar Dalmia - HUF |
|
201879 |
|
Ashokkumar Dalmia - HUF |
|
201879 |
|
Meghna S. Dalmia Surendrakumar Dalmia |
|
108537 |
|
Shivkumar Dalmia Umadevi Dalmia |
|
102893 |
|
Surendrakumar Dalmia Nirmala Dalmia |
|
165628 |
|
Ashokkumar Dalmia Veena Dalmia |
|
102676 |
|
Sunita Bali Yashodham |
|
1676670 |
|
Ram K. Daryanani Sangeeta Daryanani |
|
8379830 |
|
Yashvardhan Goenka |
|
3910668 |
|
Sunita Bali |
|
594050 |
|
Pramod K.Goenka Bina Goenka |
|
6886918 |
|
Jayvardhan Goenka Aseela Goenka |
|
1647920 |
Equity Share Break up (Percentage of Total Equity)
As on 16.09.2011
|
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 |
52.43 |
|
Directors or relatives of Directors |
46.42 |
|
Other top fifty shareholders |
1.15 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Value added dairy products. |
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Products : |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
·
Middle East ·
USA ·
Europe |
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Terms : |
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Selling : |
Depends |
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Purchasing : |
Depends |
PRODUCTION STATUS AS ON 31.03.2010
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Processed Cheese |
MT |
16307 |
3724 |
|
Casein MPC80 |
MT |
3200 |
1513 |
|
Lactose |
MT |
3200 |
2260 |
|
Powders |
MT |
21600 |
17389 |
|
Butter and Ghee |
MT |
11520 |
8738 |
|
UHT Milk / Fl Milk / Juice |
Ltr.’000 |
142356 |
61435 |
|
Natural / Mozzarella Cheese |
MT |
7200 |
6345 |
|
Dahi |
MT |
7920 |
1936 |
(a) Licensed
capacity of 15 lakh (Previous Year 15Lakh) litres per day approved by Ministry
of Food Processing Industries, Government of India
(b) The installed capacity
of butter is 4,800,000 kilograms (Previous Year 4,800,000)
(c) Installed
capacity has been determined on two/three shift basis, wherever applicable, and
on the basis of maximum handling capacity of milk by each production line, as
certified by the management of the company. The information being of a
technical nature has been relied upon by auditors.
(d) The above
information has been mentioned only for those class of goods, which are mainly
meant for sale.
(e) Actual
Production includes :-
i) Quantities
Produced by third parties under contract with company.
ii) Quantities of
Samples.
iii) Quantities
for Captive Consumption.
GENERAL INFORMATION
|
Customers : |
·
Dominos ·
Pizza Hut ·
MC Donalds |
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|
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|
No. of Employees : |
600 (Approximately) |
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Bankers : |
State Bank of India, Mumbai, Maharashtra, India |
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Facilities : |
|
|
Financial Institute : |
Rabo India Finance Limited, 1A Janpath, New Delhi – 110001, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. R. Batliboi and Company Chartered Accountants |
|
Address : |
6th Floor, Express Towers, Nariman Point, Mumbai – 400021,
Maharashtra, India |
|
PAN.: |
AAACE2442D |
|
|
|
|
Ultimate Holding
Company : |
Schreiber Foods Inc. |
|
|
|
|
Holding company
: |
Schreiber International Inc. |
|
|
|
|
Fellow
Subsidiary : |
GBM Green Bay Machinery Co. Inc. |
|
|
|
|
Enterprises
owned or significantly influenced by key management
personnel or their relatives (Where
transaction exists) : |
·
Hotels Private Limited ·
Conwood Construction and Developers Private
Limited ·
Sahyadri Agro and Dairy Limited CIN
No.: U01110PN1994PLC132478 ·
Devashree Foods P Ltd ·
Aniline Construction Company Private Limited CIN
No.: U24239MH1959PTC011443 ·
Conwood Ashish Assocaites ·
Conwood Construction and Developers Private
Limited CIN
No.: U70100MH1979PTC020933 ·
Conwood Db Joint Venture ·
Crystal Granite and Marble Private Limited ·
D B Realty Limited CIN
No.: L70200MH2007PLC166818 ·
D B Hospitality Private Limited ·
Dania Oro Jewellery Private Limited CIN
No.: U36100MH2005PTC156430 ·
Dynamix Balwas Resorts Private Limited CIN
No.: U55101MH2006PTC164356 ·
Dynamix Chains Manufacturing Private Limited CIN
No.: U36911MH2007PTC175044 ·
Dynamix Developers ·
Dynamix Reality ·
Eversmile Construction Company Private Limited CIN
No.: U45200MH1982PTC026500 ·
ECCDB Joint Venture ·
Eon Aviation Private Limited ·
Goan Hotels And Clubs Private Limited CIN
No.: U55101MH2004PTC149219 ·
Goan Real Estate And Construction Private Limited CIN
No.: U45200MH1989PTC154095 ·
Hillside Constructions Company Private Limited CIN
No.: U45200MH1990PTC056103 ·
K G Enterprises ·
Lily Jewellery Private Limited CIN
No.: U36911MH2004PTC144344 ·
DB (BKC) Realtors Private Limited ·
Milan Theatres Private Limited ·
Neelkamal Realtors and Builders Private Limited CIN
No.: U70100MH2003PTC142172 ·
Neelkamal Realtors and Erectors India Private
Limited CIN
No.: U45200MH2004PTC145288 ·
Neelkamal Realtors ·
Suburban Private Limited CIN
No.: U70100MH2005PTC154506 ·
Neelkamal Realtors ·
Tower Private Limited CIN
No.: U70100MH2005PTC158322 ·
Nihar Constructions Private Limited CIN
No.: U45400MH2007PTC170439 ·
Priya Construction ·
Say India Jewellers Private Limited CIN
No.: U36910MH1995PTC088038 ·
SLS Energy Private Limited CIN
No.: U40109MH2008PTC209064 ·
Span Construction Company Private Limited ·
Suraksha DB Reality Private Limited ·
Turf Estate Joint Venture ·
Uppar Goind Nagar Welfare Association ·
Upvan Developers ·
Y J Reality |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
110000000 |
Equity Shares – A |
Rs.10/- each |
Rs.1100.000 Millions |
|
100000000 |
Equity Shares – B |
Rs.1/- each |
Rs.100.000 Millions |
|
|
TOTAL |
|
Rs.1200.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
95096200 |
Equity Shares |
Rs.10/- each |
Rs.950.962 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 |
950.962 |
950.962 |
950.962 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1549.719 |
1419.105 |
1202.013 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2500.681 |
2370.067 |
2152.975 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
84.175 |
228.555 |
165.897 |
|
|
2] Unsecured Loans |
150.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
234.175 |
228.555 |
165.897 |
|
|
DEFERRED TAX LIABILITIES |
205.615 |
220.306 |
168.983 |
|
|
|
|
|
|
|
|
TOTAL |
2940.471 |
2818.928 |
2487.855 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1868.794 |
1941.327 |
1442.302 |
|
|
Capital work-in-progress |
53.614 |
28.524 |
152.972 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.820 |
0.820 |
0.820 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1254.705
|
1069.098
|
792.951
|
|
|
Sundry Debtors |
450.604
|
444.677
|
453.165
|
|
|
Cash & Bank Balances |
57.324
|
126.955
|
117.160
|
|
|
Other Current Assets |
14.257
|
26.773
|
6.645
|
|
|
Loans & Advances |
156.185
|
177.859
|
228.509
|
|
Total
Current Assets |
1933.075
|
1845.362
|
1598.430
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
539.943
|
694.076
|
384.321
|
|
|
Other Current Liabilities |
266.353
|
214.673
|
262.096
|
|
|
Provisions |
109.536
|
88.356
|
60.252
|
|
Total
Current Liabilities |
915.832
|
997.105
|
706.669
|
|
|
Net Current Assets |
1017.243
|
848.257
|
891.761
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2940.471 |
2812.928 |
2487.855 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
9378.103 |
7505.550 |
8719.422 |
|
|
|
Other Income |
119.074 |
91.851 |
106.584 |
|
|
|
TOTAL |
9497.177 |
7597.401 |
8826.006 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption material changes inventories |
7780.288 |
6095.094 |
|
|
|
|
Manufacturing service costs |
691.083 |
578.166 |
|
|
|
|
Employee related expenses |
356.342 |
297.649 |
|
|
|
|
Administrative selling other expenses |
225.889 |
139.949 |
|
|
|
|
TOTAL |
9053.602 |
7110.858 |
7949.849 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
443.575 |
486.543 |
876.157 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
23.905 |
9.939 |
32.390 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
419.670 |
476.604 |
843.767 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
223.207 |
162.943 |
147.305 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
196.463 |
313.661 |
696.462 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
65.848 |
96.569 |
244.141 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
130.615 |
217.092 |
452.321 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1027.387 |
810.295 |
357.973 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1158.002 |
1027.387 |
810.294 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Exports on FOB basis |
1447.871 |
775.917 |
3033.058 |
|
|
TOTAL EARNINGS |
1447.871 |
775.917 |
3033.058 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
372.147 |
271.048 |
151.809 |
|
|
|
Components, spare parts and packaging material |
78.334 |
109.908 |
53.271 |
|
|
|
Capital goods |
0.000 |
287.289 |
14.226 |
|
|
TOTAL IMPORTS |
450.481 |
668.245 |
219.306 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.37 |
2.28 |
4.76 |
|
Expected Sales (2011-12) : Rs.10000.000 Millions
The above information has been parted by Mr. Pravin Heda.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.38
|
2.86
|
5.12
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.09
|
4.18
|
7.98
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.17
|
8.28
|
21.80
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.13
|
0.32
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.46
|
0.61
|
0.41
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.11
|
1.85
|
2.26
|
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) Constitutions of the firm |
Yes |
|
4) Premises details |
Yes |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter's background |
Yes |
|
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 |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
Yes |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
No |
|
18) Major customers |
Yes |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if
applicable) |
Yes |
|
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 |
Yes |
|
30) Major Shareholders, if available |
Yes |
PERFORMANCE AND
PROSPECTS
During the year
the performance of the Company has been satisfactory. The domestic market has shown
a positive trend. The increase in the price of milk and recent ban on export of
various dairy products has adversely affected the performance of the Company.
This has, to a large extent, been compensated through increased realization
from sale of all dairy products in the domestic market.
Nature of
Operations
The Company is
engaged in the business of manufacturing value added dairy products viz.
Casein, Skimmed Milk Powder, Dairy Whitener, Cheese, Butter and Ghee. It also undertakes
contract manufacturing in respect of certain products such as Butter, Ghee,
Cheese, Fruit Juices, Curd etc.
TRADE REFERENCES
·
Dominos
·
Pizza Hut
·
MC Donalds
FIXED ASSETS
·
Free
·
· Buildings
· Furniture and Fixtures
· Vehicles
· Plant and Machinery
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON DESIGNATED
PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government official
or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.41 |
|
|
1 |
Rs.81.93 |
|
Euro |
1 |
Rs.67.66 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--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.