1. Summary Information
|
|
|
Country |
India |
|
Company Name |
PEC LIMITED |
Principal Name 1 |
Mr. Arun Kumar Mirchandi |
|
Status |
Good |
Principal Name 2 |
Mr. Amrit Raj |
|
|
|
Registration # |
55-005600 |
|
Street Address |
Hansalaya,
15, Barakhamba Road, New Delhi - 110 001, Delhi, India |
||
|
Established Date |
21.04.1971 |
SIC Code |
-- |
|
Telephone# |
91-11-23313619 |
Business Style 1 |
Export |
|
Fax # |
91-11-23315279 |
Business Style 2 |
Import |
|
Homepage |
Product Name 1 |
Arranging Financing |
|
|
# of employees |
193 (Approximately) |
Product Name 2 |
Logistics |
|
Paid up capital |
Rs.200,000,000/- |
Product Name 3 |
Project Exports |
|
Shareholders |
Government
(Central and State) – 100% |
Banking |
United Bank of
India |
|
Public Limited Corp. |
NO |
Business Period |
41 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
A (59) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiaries |
-- |
Tea Trading Corporation of India
Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
44,470,768,000 |
Current Liabilities |
54,366,549,000 |
|
Inventories |
14,742,876,000 |
Long-term Liabilities |
1,940,000,000 |
|
Fixed Assets |
8,442,000 |
Other Liabilities |
174,334,000 |
|
Deferred Assets |
109,937,000 |
Total Liabilities |
56,480,883,000 |
|
Invest& other Assets |
4,001,000 |
Retained Earnings |
2,655,141,000 |
|
|
|
Net Worth |
2,855,141,000 |
|
Total Assets |
59,336,024,000 |
Total Liab. & Equity |
59,336,024,000 |
|
Total Assets (Previous Year) |
-- |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
99,699,448,000 |
Net Profit |
709181,000 |
|
Sales(Previous yr) |
110,259,390,000 |
Net Profit(Prev.yr) |
677168,000 |
MIRA
INFORM REPORT
|
Report Date : |
16.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
PEC LIMITED (w.e.f. 25.11.1997) |
|
|
|
|
Formerly Known As : |
THE PROJECTS AND EQUIPMENT CORPORATION OF INDIA LIMITED |
|
|
|
|
Registered Office : |
Hansalaya, 15, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
21.04.1971 |
|
|
|
|
Com. Reg. No.: |
55-005600 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs.200.000 millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U74899DL1971GOI005600 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELP00390F |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACT0101G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company. It Is owned
by Government of India |
|
|
|
|
Line of Business : |
The company engaged in Exports, Imports, Deemed Exports,
Third Country Trading, Arranging Financing, Logistics, Project Exports and
Management. |
|
|
|
|
No. of Employees : |
193 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (59) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 11000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a public sector undertaking under ministry of Commerce and Industry, Department of Commerce, Government of India. It is a well established company having fine track. Financial position of the company appears to be healthy. Trade relations are reported as trustworthy. Business is active. Payments are reported to be regular and as per commitments. The company can be considered good 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 – 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 DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ 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 / Head Office : |
Hansalaya, 15, |
|
Tel. No.: |
91-11-23313619/ 23316372/ 23316397 |
|
Fax No.: |
91-11-23315279/ 23314797/ 23313664 |
|
E-Mail : |
pec@peclimited.com |
|
Website : |
|
|
Telex : |
31-65256 and 65199 PEC-in |
|
Area : |
15000 Sq. ft |
|
Location : |
Rented |
|
|
|
|
Overseas Office: |
Mr. N. G. Nghiem, C/o. Embassy of India 121-122, B-17, Kim
Lien, |
|
Tel. No.: |
91-844-8523475 |
|
Fax No.: |
91-844-8523914 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
Located At :
|
DIRECTORS
As On 27.09.2011
|
Name : |
Mr. Arun Kumar Mirchandi |
|
Designation : |
Managing Director |
|
Address : |
C – 52, |
|
Date of Birth/Age : |
12.09.1957 |
|
Date of Appointment : |
28.02.2007 |
|
DIN No.: |
00359522 |
|
|
|
|
Name : |
Mr. Amrit Raj |
|
Designation : |
Director |
|
Address : |
B-10, D-II, Moti Bagh-I, Delhi-110021, |
|
Date of Birth/Age : |
17.04.1971 |
|
Date of Appointment : |
28.06.2010 |
|
DIN No.: |
03149839 |
|
|
|
|
Name : |
Mr. Rajiv Chaturvedi |
|
Designation : |
Director |
|
Address : |
34/1, East Patel Nagar, |
|
Date of Birth/Age : |
05.05.1959 |
|
Date of Appointment : |
30.10.2007 |
|
DIN No.: |
01864223 |
|
|
|
|
Name : |
Mr. Ravi Kumar |
|
Designation : |
Whole – time Director |
|
Address : |
C-11, Dronocharya Appartments, Mayur Vihar Phase-I, Extn.
Delhi-110095, |
|
Date of Birth/Age : |
30.06.1960 |
|
Date of Appointment : |
01.10.2008 |
|
DIN No.: |
02339639 |
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 |
U74899DL1971GOI005600 |
PEC LIMITED |
Whole-time
director |
01/10/2008 |
01/10/2008 |
Active |
NO |
|
2 |
U74899DL1995NPL067008 |
NATIONAL
CENTRE FOR TRADE INFORMATION |
Director |
25/11/2009 |
25/11/2009 |
Active |
NO |
|
Name : |
Mrs. Aditi Das Rout |
|
Designation : |
Director |
|
Address : |
D-508, Purvasha Anand Lok Society, Mayur Vihar, Phase-I,
Delhi-110091, |
|
Date of Birth/Age : |
17.11.1963 |
|
Date of Appointment : |
30.03.2010 |
|
DIN No.: |
03049172 |
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 |
U74899DL1971GOI005600 |
PEC
LIMITED |
Director |
30/03/2010 |
30/03/2010 |
Active |
NO |
|
2 |
U85110KA1982GOI005013 |
STCL
LIMITED |
Director |
30/03/2010 |
30/03/2010 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Ashok Kumar Monga |
|
Designation : |
Secretary |
|
Address : |
WZ 15C, Ugarsain Market, Ashok Nagar, Delhi-110018, |
|
Date of Birth/Age : |
27.07.1954 |
|
Date of Appointment : |
01.12.1997 |
|
PAN No.: |
AAIPM8172B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As On 27.09.2011
|
Names of Shareholders |
No. of Shares |
|
|
|
|
The President of |
1999998 |
|
A. K. Mirchandani, CMD, PEC (as a nominee of the President of India) |
1 |
|
Aditi Das Rout, Director, MOC (as a nominee of the President of India) |
1 |
|
Total |
2000000 |
As On 27.09.2011
|
Category |
Percentage |
|
Government (Central and State) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company engaged in Exports, Imports, Deemed Exports, Third
Country Trading, Arranging Financing, Logistics, Project Exports and
Management. |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
193 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Samsand and Associates Chartered Accountants |
|
Address: |
4800/247, |
|
Tel No.: |
91-11-23264383 |
|
Mobile No.: |
91-9312238484 |
|
|
|
|
Subsidiaries As on 31.03.2010 : |
Tea Trading Corporation of India Limited CIN No.: U51226WB197PLC028174 |
CAPITAL STRUCTURE
As On 27.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3000000 |
Equity Shares |
Rs.100/- each |
Rs.300.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2000000 |
Equity Shares |
Rs.100/-
each |
Rs.200.000
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 |
200.000 |
200.000 |
200.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2655.141 |
2120.294 |
1606.919 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2855.141 |
2320.294 |
1806.919 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1340.000 |
680.000 |
0.511 |
|
|
2] Unsecured Loans |
600.000 |
1600.000 |
0.000 |
|
|
TOTAL BORROWING |
1940.000 |
2280.000 |
0.511 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4795.141 |
4600.294 |
1807.430 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
8.442 |
10.117 |
11.665 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
4.001 |
4.001 |
0.001 |
|
|
DEFERREX TAX ASSETS |
109.937 |
106.482 |
68.218 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
14742.876
|
8873.681
|
11749.444
|
|
|
Sundry Debtors |
28168.551
|
30810.238
|
25397.218
|
|
|
Cash & Bank Balances |
3117.693
|
3238.289
|
4455.698
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
13184.524
|
12178.779
|
8455.634
|
|
Total
Current Assets |
59213.644
|
55100.987
|
50057.994
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
49458.835
|
45270.019
|
|
|
|
Other Current Liabilities |
4907.714
|
5098.152
|
|
|
|
Provisions |
174.334
|
253.122
|
249.035
|
|
Total
Current Liabilities |
54540.883
|
50621.293
|
48330.448
|
|
|
Net Current Assets |
4672.761
|
4479.694
|
1727.546
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4795.141 |
4600.294 |
1807.430 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
99699.448 |
110259.390 |
102747.843 |
|
|
|
Other Income |
7034.531 |
6648.494 |
9314.191 |
|
|
|
TOTAL (A) |
106733.979 |
116907.884 |
112062.034 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
105269.975 |
115452.418 |
110561.797 |
|
|
|
Salary and Allowances |
266.863 |
200.801 |
249.727 |
|
|
|
Administrative Expenses |
122.697 |
97.128 |
109.073 |
|
|
|
Payment to Auditors |
1.406 |
1.104 |
0.993 |
|
|
|
Bad Debts |
0.000 |
12.692 |
8.506 |
|
|
|
Provision for Doubtful Debts |
1.753 |
108.521 |
0.496 |
|
|
|
TOTAL (B) |
105662.694 |
115872.664 |
110930.592 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1071.285 |
1035.220 |
1131.442 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1071.285 |
1035.220 |
1131.442 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.637 |
5.657 |
5.679 |
|
|
|
|
|
|
|
|
|
Add |
PRIOR PERIOD
ADJUSTMENT |
0.000 |
(0.656) |
(0.216) |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1065.648 |
1028.904 |
1122.620 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
356.467 |
351.736 |
400.897 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
709.181 |
677.168 |
721.723 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
10650.422 |
11058.247 |
11476.763 |
|
|
|
Other Earnings |
2.169 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
10652.591 |
11058.247 |
11476.763 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
85944.918 |
85506.570 |
91345.741 |
|
|
|
Foreign tours |
3.769 |
2.860 |
3.933 |
|
|
|
Others |
367.616 |
613.519 |
1334.352 |
|
|
TOTAL IMPORTS |
86316.303 |
86122.949 |
92684.026 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.55 |
3.39 |
3.61 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.66 |
0.58 |
0.64 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.07 |
0.93 |
1.09 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.80 |
1.86 |
2.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.37 |
0.44 |
0.62 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
19.78 |
22.79 |
26.75 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.09 |
1.08 |
1.04 |
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) |
No |
|
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] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
FINANCIAL RESULTS
The Company achieved sales turnover of Rs.99699.450 million during the year. This includes exports of Rs.11362.510 million, imports of Rs.79068.090 million and domestic trade of Rs.9268.860 million.
Business operations resulted in profit before tax of Rs.1065.650 million.
The Company faced intense competition in its trade activities, both from local as well as international players. This was responded to through growth in core operations, efficient service and also by tapping new areas of business, proactive marketing and optimum utitilisation of available resources.
AWARDS
Subject is proud to have received MOU Excellence Award 2008-09 in the Trading and Service sector presented by Honble Prime Minister of India.
During the year, the Corporation received Engineering Export Promotion Councils Silver Trophy for Merchant Exporter in recognition of its outstanding contribution to engineering exports during the year 2008-09.
Subject has received award for promoting use of Hindi in official work for the year 2008-09 from Honble Minister of State for Commerce.
During the year subject received Indias Best Public Sector Enterprise 2011 KAIZEN WARRIOR Award instituted by Dalal Street Investment Journal for its consistent performance and highest revenue per employee, among the Non Manufacturing Miniratna.
CONTINGENT LIABILITY:
(Rs. In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
Guarantees issued by banks on behalf of subject |
1163.947 |
967.857 |
|
Letters of Credits opened by banks (As certified by Banks and Management) |
45229.794 |
55766.679 |
|
Bill Discounting under Local L/Cs |
3134.622 |
1296.671 |
|
Claims against the company not acknowledged as Debts (excluding legal cases where amounts are unascertainable) |
685.297 |
720.886 |
|
Amount realized against bank guarantees valuing Rs.58.800 Millions Invoked pending finalization of Court Case. |
0.000 |
40.000 |
|
Interest |
0.000 |
155.251 |
FORM 8
|
Corporate
identity number of the company |
U74899DL1971GOI005600 |
|
Name of the
company |
PEC LIMITED |
|
Address of the
registered office or of the principal place of business in |
Hansalaya 15, E-mail id :
ashokmonga@peclimited.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Book debts Movable property (not being pledge) Floating charge Others (Goods and Current assets) |
|
Particular of
charge holder |
DBS Bank Limited,
Upper Ground Floor, Birla Tower, 25, Barakhamba Road, New Delhi -110001,
India E-mail Id : anurag@dbs.com |
|
Nature of
instrument creating charge |
Deed of
Hypothecation dated 06th July, 2012. |
|
Date of
instrument Creating the charge |
06.07.2012 |
|
Amount secured by
the charge |
Rs.1000.000
millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest as agreed between
the parties.. Terms of repayment as agreed between
the parties. Margin 1. 25% against
the Hypothecated Goods 2. 25% against
the Hypothecated Debts. Extent and operation of the charge First pari passu
Hypothecation and floating Charge over all its goods both present and future,
its current assets including but not limited to book debts and securities in
trade, present and future to secure the financial facilities sanctioned by
the Bank plus interest, cost, commission, costs, charges and expenses |
|
Short particulars
of the property charged (Including location of the property) |
1. Goods being finished
goods, semi-finished goods, stocks of raw material, work in process both
present and future located at various factories/godowns/warehouses whether in
transit or lying at any other place. 2. Borrower's
present and future book debts, outstanding monies receivables, claims, bills,
contracts, engagements, securities, investments, rights and assets. |
COMPANY OVERVIEW:
Subject was incorporated in April, 1971 in New Delhi, India. It is a public sector undertaking under Ministry of Commerce and Industry, Department of Commerce, Government of India. The company's primary business thrusts are in exports, imports, deemed exports, third country trading, arranging financing, logistics, project exports and management.
Subject, over last three decades, has expanded its role to become an international business organizer and a provider of integrated trade facilitating services. Through its diversification activities since early nineties, it has emerged as a positive force for the exchange of commodities, goods and services between India and the nations of the world. Subject as a trading company, is both initiator and intermediary, developer as well as facilitator for global trade.
Subject’s comprehensive, global commercial services is balanced by their readiness to listen to the individual client and tailor their services to his needs. Each of their people is familiar with the local market he or she covers and have a deep appreciation for the differences in regional flavor, national character and prevailing situations.
Their client services are geared to two objectives: conducting international transactions and developing whole new business ventures that will contribute to India’s trade.
Subject brings buyers and sellers from India and countries around the globe together on the common ground of mutually profitable trade.
Their acquired expertise and up-to-date information are unerring guides to rich market opportunities. Their skills in negotiation have been tested and refined over years in various marketplaces around the world. They can arrange for the funds required for financing a transaction and the logistics of transporting goods to their destinations.
Three decades in international trade has taught us how rapidly and radically global trade flows can shift. They follow and interpret these changes for their clients’ benefit and also take an active part in directing the change.
Subject knows that, as there is no routine in the complex and volatile global market, there is no profit in simple textbook solutions. To be sure, the basic forms of trade, such as export, import and counter-trade, are immutable. But, with the entire world a marketplace, these basic forms support limitless opportunities for profitable commerce.
They also know that capitalizing on the dynamics of international takes a global outlook, openness to the possibilities of the unexpected and to try a fresh approach.
Subject thus offers an unmatched wealth of experience, skills and product knowledge. But they hold equally important their creative ability to select and adapt their resources to meet the particular needs of each client as well as the current realities of the market.
Their clients can make use of their resources and expertise at any stage of a transaction.
Subject thus offers:
· Review and refinement of trade objectives thus helping a client to craft a strategic plan for building a profitable business.
· Advising clients on adapting products, pricing and distribution to meet local needs and preferences in new markets.
· Generation of a wealth of data on any transaction that a client may contemplate, from cost estimates to the creditworthiness of customers.
· Negotiation of transactions on behalf of a client anywhere in the world taking into account the different cultures, customs, languages and monetary systems prevalent in that particular market.
· Prepare all the necessary and indispensable paperwork required by each legal and regulatory jurisdiction that touches a client’s transactions.
· Line up the funds required to set a client’s transaction in motion and oversee payment and collection at its conclusion.
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.55.64 |
|
|
1 |
Rs.87.31 |
|
Euro |
1 |
Rs.68.81 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
|
59 |
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
unfavorable 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.