Business
information report
1. Summary Information
|
|
|
Country |
India |
|
Company Name |
UMW DONGSHIN
MOTECH PRIVATE LIMITED |
Principal Name 1 |
Mr. Muthukumar Ayarpadde |
|
Status |
Moderate |
Principal Name 2 |
Mr. Choon Woo Lim |
|
|
|
Registration # |
11-133046 |
|
Street Address |
Plot No.: A –
19, Talegaon Industrial Area, Village Navlakhumbre, Taluka Maval, Pune -
410507, Maharashtra |
||
|
Established Date |
16.04.2007 |
SIC Code |
-- |
|
Telephone# |
91-20-26608813 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-2114-206010 |
Business Style 2 |
Supplier |
|
Homepage |
Product Name 1 |
1200 T Tandem Press Line |
|
|
# of employees |
150 [Office +
Factory] |
Product Name 2 |
250 T Medium Press Line |
|
Paid up capital |
Rs. 500,000,000/- |
Product Name 3 |
150 T Small Press Line |
|
Shareholders |
Foreign holdings – 100% |
Banking |
Standard Chartered
Bank |
|
Public Limited Corp. |
No |
Business Period |
5 Years |
|
IPO |
No |
International Ins. |
- |
|
Public Enterprise |
No |
Rating |
B (27) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding
Company |
Malaysia
|
MK Automotive Industries Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
404,420,000 |
Current Liabilities |
114,642,000 |
|
Inventories |
58,379,000 |
Long-term Liabilities |
1,154,931,000 |
|
Fixed Assets |
1,199,346,000 |
Other Liabilities |
1,985,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
1,271,558,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
(109,413,000) |
|
|
|
Net Worth |
390,587,000 |
|
Total Assets |
1,662,145,000 |
Total Liab. & Equity |
1,662,145,000 |
|
Total Assets (Previous Year) |
1,442,544,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales (Total Income) |
227,815,000 |
Net Profit (Loss) |
(109,413,000) |
|
Sales(Previous yr) (Total Income) |
90,780,000 |
Net Profit(Prev.yr) |
1,925,000 |
MIRA
INFORM REPORT
|
Report Date : |
04.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
UMW DONGSHIN MOTECH PRIVATE LIMITED (w.e.f. 19.11.2009 ) |
|
|
|
|
Formerly Known
As : |
DONGSHIN MOTECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.: A – 19, Talegaon Industrial Area, Village Navlakhumbre,
Taluka Maval, Pune - 410507, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
16.04.2007 |
|
|
|
|
Com. Reg. No.: |
11-133046 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 500.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29255PN2007PTC133046 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEU06667D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCD5858L |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business
: |
Manufacturer and Supplier of Automobile Body Parts. |
|
|
|
|
No. of Employees
: |
150 [Office + Factory] Approximately |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1500000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There appears
huge accumulated loss recorded by the company. However, trade relations are
reported to be fair. Business is active. Payments are reported to be slow but
correct. The company can be considered for business dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
Plot No.: A – 19, Talegaon Industrial Area, Village Navlakhumbre,
Taluka Maval, Pune - 410507, Maharashtra, India |
|
Tel. No.: |
91-20-26608813 91-2114-306035 |
|
Fax No. : |
91-2114-306010 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Talegaon, Pune, |
DIRECTORS
AS ON 24.08.2011
|
Name : |
Mr. Choon Woo Lim |
|
Designation : |
Director |
|
Address : |
29, |
|
Date of Birth/Age : |
06.12.1964 |
|
Date of Appointment : |
16.04.2007 |
|
DIN No.: |
01381510 |
|
|
|
|
Name : |
Mr. Muthukumar Ayarpadde |
|
Designation : |
Additional Director |
|
Address : |
No.66, Jalan Setiajaya Bukit Damansara, |
|
Date of Birth/Age : |
13.07.1972 |
|
Date of Appointment : |
27.07.2007 |
|
DIN No.: |
01799039 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U67120TN2007PTC062493 |
A-RANK HOLDINGS
PRIVATE LIMITED |
Director |
23/02/2007 |
23/02/2007 |
Active |
|
|
2 |
U24221WB2006PTC112168 |
MULTICOAT
COATING TECHNOLOGIES PRIVATE LIMITED |
Director |
06/04/2007 |
06/04/2007 |
Active |
NO |
|
3 |
U50101TN2005PTC056529 |
SATHYA AUTO
PRIVATE LIMITED |
Director |
11/04/2007 |
11/04/2007 |
Active |
NO |
|
4 |
U29299TN2005PTC058228 |
CASTWEL AUTO
PARTS PRIVATE LIMITED |
Director |
06/05/2007 |
06/05/2007 |
Active |
NO |
|
5 |
U29255PN2007PTC133046 |
UMW DONGSHIN
MOTECH PRIVATE LIMITED |
Additional
director |
27/07/2007 |
27/07/2007 |
Active |
NO |
|
6 |
U26922AP1997PTC027909 |
UNITED SEAMLESS
TUBULAAR Private LIMITED |
Director |
23/08/2007 |
23/08/2007 |
Active |
NO |
|
7 |
U14108AS1990PTC003429 |
JAYBEE DRILLING
PRIVATE LIMITED |
Director |
30/09/2009 |
19/03/2009 |
Active |
NO |
|
8 |
U28910TN2009PTC073165 |
ACME FAB - CON
INDIA PRIVATE LIMITED |
Director |
12/10/2009 |
12/10/2009 |
Active |
NO |
|
9 |
U45400TN2011PTC083085 |
INDKO E&C
INDIA PRIVATE LIMITED |
Director |
11/11/2011 |
11/11/2011 |
Active |
NO |
|
10 |
U50200TN2011PTC083622 |
ARMA ENGINEERING
PRIVATE LIMITED |
Director |
16/12/2011 |
16/12/2011 |
Active |
NO |
|
Name : |
Mr. Jong Soo Rhee |
|
Designation : |
Director |
|
Address : |
59620/5], 105401, Singaegeum LG Aptartment,105401596 [20/5], Gaegeum
Dong Busanjin - GU |
|
Date of Birth/Age : |
04.12.1965 |
|
Date of Appointment : |
27.07.2007 |
|
DIN No.: |
02483978 |
|
|
|
|
Name : |
Mr. Syed Hisham Bin Syed Wazir |
|
Designation : |
Director |
|
Address : |
No.1, Jalan USJ, 18/7, UEP Subang Jaya, Selangor-47630, Malaysia |
|
Date of Birth/Age : |
26.06.1954 |
|
Date of Appointment : |
06.10.2010 |
|
DIN No.: |
03281121 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U26922AP1997PTC027909 |
UNITED
SEAMLESS TUBULAAR Private LIMITED |
Director |
28/05/2011 |
05/10/2010 |
28/06/2012 |
Active |
NO |
|
2 |
U29255PN2007PTC133046 |
UMW
DONGSHIN MOTECH PRIVATE LIMITED |
Director |
06/10/2010 |
06/10/2010 |
- |
Active |
NO |
|
3 |
U14108AS1990PTC003429 |
JAYBEE
DRILLING PRIVATE LIMITED |
Director |
30/09/2011 |
06/10/2010 |
- |
Active |
NO |
|
4 |
U50101TN2005PTC056529 |
SATHYA
AUTO PRIVATE LIMITED |
Director |
06/10/2010 |
06/10/2010 |
- |
Active |
NO |
|
5 |
U29299TN2005PTC058228 |
CASTWEL
AUTO PARTS PRIVATE LIMITED |
Director |
06/10/2010 |
06/10/2010 |
- |
Active |
NO |
|
6 |
L26932AP1985PLC005329 |
OIL
COUNTRY TUBULAR LIMITED |
Director |
28/05/2011 |
21/10/2010 |
- |
Active |
NO |
|
Name : |
Mr. Nik Norzrul Thani Bin Nhassan Thani |
|
Designation : |
Director Appointed in Casual Vacancy |
|
Address : |
No.25, Jalan Bidai U8/13, Seksyen U8, Bukit Jelutong-40150, Shah Alam
Selangor Darul Ehsan, Malaysia |
|
Date of Birth/Age : |
29.06.1960 |
|
Date of Cessation : |
24.03.2012 |
|
DIN No.: |
03551569 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 24.08.2011
|
Names of Shareholders |
No. of Shares |
|
Dongshin Motech Company Limited, |
20000000 |
|
M K Automotive Industries Limited, |
30000000 |
|
TOTAL
|
50000000 |
AS ON 27.09.2011
|
Names of Allottees |
No. of Shares
Allotted |
|
Dongshin Motech Company Limited, |
4165560 |
|
M K Automotive Industries Limited, |
6248340 |
|
Total |
10413900 |
AS ON 24.08.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Automobile Body Parts. |
PRODUCTION STATUS AS ON 31.03.2010
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
1200 T Tandem Press Line |
Nos. |
1584000 |
242000 |
|
250 T Medium Press Line |
Nos. |
2640000 |
286000 |
|
150 T Small Press Line |
Nos. |
3168000 |
506000 |
|
250 T Auto Blanking Line |
Nos. |
4224000 |
814000 |
|
Assly Weld Shop |
Nos. |
1512000 |
198000 |
GENERAL INFORMATION
|
No. of Employees : |
150 [Office + Factory] Approximately |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
·
Standard Chartered Bank, Crescenzo, Plot No.C-38 and
39, G Block, Bandra Kurla Complex, Bandra (East), Mumbai-400051, Maharashtra,
India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
SNDA and Associates Chartered Accountants |
|
Address : |
2 Alankar Apartments, S No. 26/14, Shivajinagar, Near Sakhar Sankul,
Pune 411005, |
|
PAN No.: |
ABLFS4120K |
|
|
|
|
Holding Company : |
MK Automotive Industries Limited, Malaysia |
|
|
|
|
Associates : |
·
UMW Oilfield International Limited ·
UMW Corporation SDN BHD |
|
|
|
|
Enterprises which are owned, or have significant influence
of or are partners with Key management personnel and their Relatives : |
Dongshin Motech Company Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs. 500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs. 500.000 Millions |
|
|
|
|
|
AS ON 24.08.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000000 |
Equity Shares |
Rs.10/- each |
Rs. 750.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60413900 |
Equity Shares |
Rs.10/- each |
Rs. 604.139 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 |
500.000 |
306.336 |
245.069 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
(109.413) |
1.925 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
390.587 |
308.261 |
245.069 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
816.275 |
982.664 |
63.545 |
|
|
2] Unsecured Loans |
338.656 |
22.490 |
308.000 |
|
|
TOTAL BORROWING |
1154.931 |
1005.154 |
371.545 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1545.518 |
1313.415 |
616.614 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1199.346 |
1100.548 |
2.866 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
671.368 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
58.379
|
24.157
|
2.103 |
|
|
Sundry Debtors |
51.075
|
193.256
|
0.071 |
|
|
Cash & Bank Balances |
6.306
|
5.869
|
100.396 |
|
|
Other Current Assets |
152.316
|
110.864
|
0.000 |
|
|
Loans & Advances |
194.723
|
7.850
|
0.000 |
|
Total
Current Assets |
462.799
|
341.996 |
102.570 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
30.725
|
28.216
|
153.309 |
|
|
Other Current Liabilities |
83.917
|
99.251
|
5.736 |
|
|
Provisions |
1.985
|
1.662
|
1.626 |
|
Total
Current Liabilities |
116.627
|
129.129 |
160.671 |
|
|
Net Current Assets |
346.172
|
212.867
|
(58.101) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.481 |
|
|
|
|
|
|
|
|
TOTAL |
1545.518 |
1313.415 |
616.614 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
227.815 |
90.780 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
281.240 |
74.754 |
0.000 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(53.425) |
16.026 |
0.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
55.988 |
14.149 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
(109.413) |
1.877 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
[0.048] |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(109.413) |
1.925 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(109.413) |
1.925 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
165.405 |
29.986 |
249.234 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(2.19) |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(48.03)
|
2.12 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(6.58)
|
0.13 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.28)
|
0.01 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.26
|
3.68 |
2.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.97
|
2.65 |
0.64 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
No |
|
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 |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
No |
|
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 |
|
31] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
32] |
Passport No of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
NOTE
Registered office of the company has been shifted from No 29 Devadi Street, Mylapore Chennai 600004, Tamilnadu, India to the present address w.e.f. 23.10.2008
OPERATIONS AND FUTURE PROSPECTS
The Company has
commenced its operation since the previous financial year. The year 2010-11 is
the second year of operations. During the financial year 2010-11 sales
including other income amounted Rs. 227.815 Millions as compared to Rs. 90.780
Millions in the previous financial year 2009-10 showing a substantial growth of
around 15 Percent Since the Company is still in the stage of development there
is a loss of Rs. 109.413 Millions in the books of accounts of the Company for
the year ended on 31st March 2011 However the Board of Directors are
confident that there is enough potential for growth and with aggressive
marketing and business development the Company should emerge from this loss in
the coming couple of years
FORM 8
|
Corporate
identity number of the company |
U29255PN2007PTC133046 |
|
Name of the
company |
UMW DONGSHIN
MOTECH PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No: - A-19,
Talegaon Industrial Area, Village, Navlakhumbre, Tal., Maval, Pune – 410507, Email : milind@dst-india.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Movable
property (not being pledge) |
|
Particular of
charge holder |
Standard Chartered Bank, Crescenzo, Plot No.C-38 and 39, G Block,
Bandra Kurla Complex, Bandra (East), Mumbai-400051, Maharashtra, India |
|
Nature of
instrument creating charge |
Unattested Memorandum
of Hypothecation |
|
Date of
instrument Creating the charge |
10.12.2011 |
|
Amount secured by
the charge |
Rs. 50.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest As agreed by and
with the Bank from time to time. Terms of repayment As agreed by and
with the Bank from time to time. Margin As agreed by and
with the Bank from time to time. Extent and operation of the charge The Bank is having
first charge on the security given by the Company |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation by
way of first charge on all present and future of movable properties of the borrower
including without limitation its movable plant and machinery, furniture and
fittings, equipments, computer hardware, computer software, machinery, spare
tools, die and accessories and other movable, both whether now lying loose or
in cases or which are now lying or stored in or about or shall hereafter from
time to time during the continuance of security of these BR brought into or
upon or be stored or be in or about all the borrower's premises, warehouses,
stockyards and godowns or those of the borrowers agents, affiliates,
associates or representatives or at various work sites or at any up country
place or places or wherever else the same may be or be held by any party
including without limitation, the followings - Tools and Dies |
FIXED ASSETS
·
Building
·
Plant and Machinery
·
Electrical Machinery
·
Vehicle
·
Computer
·
Furniture
·
Leasehold Land
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. 56.08 |
|
|
1 |
Rs. 87.02 |
|
Euro |
1 |
Rs. 68.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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.