1. Summary Information
|
|
|
Country |
India |
|
Company Name |
LS CABLE INDIA
PRIVATE LIMITED |
Principal Name 1 |
Mr. Yeon Soo Kim |
|
Status |
Moderate |
Principal Name 2 |
Mr. Euy Don Park |
|
|
|
Registration # |
55-168806 |
|
Street Address |
12th Floor, IFCI Tower, Nehru Place, New Delhi-110019,
Delhi, India |
||
|
Established Date |
28.09.2007 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Manufacturer |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Power |
|
|
# of employees |
Not Available |
Product Name 2 |
Telecommunication Cable Products |
|
Paid up capital |
Rs.930,495,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings -100% |
Banking |
Shinhan Bank |
|
Public Limited Corp. |
NO |
Business Period |
5 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B
(26) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding Company |
Korea |
LS Cable Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
618,597,000 |
Current Liabilities |
215,263,000 |
|
Inventories |
333,661,000 |
Long-term Liabilities |
1,681,507,000
|
|
Fixed Assets |
1,033,600,000 |
Other Liabilities |
3,922,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
1,900,692,000 |
|
Invest& other Assets |
310,240,000 |
Retained Earnings |
0,000 |
|
|
|
Net Worth |
395,406,000 |
|
Total Assets |
2,296,098,000 |
Total Liab. & Equity |
2,296,098,000 |
|
Total Assets (Previous Year) |
1,482,386,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
394,782,000 |
Net Profit |
(226,882,000) |
|
Sales(Previous yr) |
437,564,000 |
Net Profit(Prev.yr) |
(160,166,000) |
MIRA
INFORM REPORT
|
Report Date : |
18.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
LS CABLE INDIA PRIVATE LIMITED (w.e.f.26.08.2008) |
|
|
|
|
Formerly Known
As : |
LEADING SOLUTION CABLE INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
12th Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
28.09.2007 |
|
|
|
|
Com. Reg. No.: |
55-168806 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs.930.495 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U64200DL2007PTC168806 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELL03680F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCL3621Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Power and Telecommunication Cable Products. |
|
|
|
|
No. of
Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1580000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. There appears
huge accumulated losses recorded by the company. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some
cautions. |
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) |
|
|
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 : |
12th Floor, |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Plot No.-28-31, Sector 5, Phase - 2, GC Bawal, Rewari -123501, |
|
Tel. No.: |
91-1284-264267/277/297 |
|
Fax No.: |
91-1284-264364 |
|
|
|
|
Sales Office : |
101, 1st Floor, Park Centre, Sector-30, Gurgaon – 122002 |
|
|
|
|
Branch Office |
209, Level-2. Dynasty "A" Wing, Andheri – |
|
Tel No.: |
91-22-40309525 |
DIRECTORS
As on 29.09.2011
|
Name : |
Mr. Yeon Soo Kim |
|
Designation : |
Director |
|
Address : |
Dong Jak Sant Evill, 103-701 # 719, Tongjak – Ku, |
|
Date of Appointment : |
28.09.2007 |
|
Din No.: |
01684358 |
|
|
|
|
Name : |
Mr. Euy Don Park |
|
Designation : |
Managing Director |
|
Address : |
1146, Silguh, Apartment, 733-1004, Sanbon, Dong, Koonpo-SI, |
|
Date of Appointment : |
10.11.2009 |
|
Din No.: |
02763067 |
|
|
|
|
Name : |
Mr. Roe Hyun Myung |
|
Designation : |
Additional Director |
|
Address : |
939-1, Kansuk Lemian XI Apartment, 122-2001, Kansuk-Dong, |
|
Date of Appointment : |
10.11.2009 |
|
Din No.: |
02763847 |
KEY EXECUTIVES
|
Name : |
Deepti Verma |
|
Designation : |
Secretary |
|
Date of Appointment : |
01.02.2008 |
|
Pan No.: |
AEWPG4028A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2010
|
Names of Shareholders |
No. of Shares |
|
LS Cable Limited, |
39716499 |
|
JS Cable Company Limited, |
1 |
|
|
|
|
Total |
39716500 |
As on 29.09.2011
|
Names of Allottees |
No. of Shares |
|
LS Cable Limited, |
2664600 |
As on 29.09.2011
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Power and Telecommunication Cable Products. |
|
|
|
PRODUCTION STATUS AS ON 31.03.2010
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
RF Cable |
Metre |
-- |
12576452 |
3887737 |
|
|
|
|
|
|
Notes:
i. The Company‘s products are exempt from
licensing requirements.
ii. Installed capacities are certified
by the management of the Company.
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
Shinhan Bank, Mercantile
House, Upper Ground Floor, 15, Kasturba Gandhi Marg, New Delhi – 110001,
Delhi, India |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
Rs.
In Millions
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountant |
|
Address : |
7th Floor, Building 10, Tower B, DLF Cyber City Complex,
DLF City Phase-II, Gurgaon – 122002, Haryana, India |
|
Pan No.: : |
AABFD2095B |
|
|
|
|
Holding Company : |
LS Cable Limited, Korea |
|
|
|
|
Fellow Subsidiaries |
·
JS Cable Company Limited. (JS Cable) ·
LS Industrial System Company Limited
(LS Industrial) |
CAPITAL STRUCTURE
After 29.09.2011
Authorised Capital : Rs.1700.000
Millions
Issued, Subscribed & Paid-up Capital : Rs.1691.055 Millions
As on: 29.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120000000 |
Equity Share |
Rs.10/- each |
Rs.1200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
119695500 |
Equity Share |
Rs.10/- each |
Rs.1196.955
Millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
99000000 |
Equity Share |
Rs.10/- each |
Rs.990.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
93049500 |
Equity Share |
Rs.10/- each |
Rs.930.495
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 |
930.495 |
397.165 |
356.832 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(535.089) |
(308.205) |
(148.039) |
|
|
NETWORTH |
395.406 |
88.960 |
208.793 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
136.009 |
80.000 |
0.000 |
|
|
2] Unsecured Loans |
1545.498 |
1260.141 |
1036.247 |
|
|
TOTAL BORROWING |
1681.507 |
1340.141 |
1036.247 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2076.913 |
1429.101 |
1245.040 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1033.600 |
1048.604 |
1113.814 |
|
|
Capital work-in-progress |
310.240 |
2.799 |
10.641 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
333.661
|
164.237
|
108.950 |
|
|
Sundry Debtors |
122.063
|
102.446
|
56.352 |
|
|
Cash & Bank Balances |
341.284
|
84.477
|
105.944 |
|
|
Other Current Assets |
0.800
|
1.698
|
0.000 |
|
|
Loans & Advances |
154.450
|
76.567
|
73.109 |
|
Total
Current Assets |
952.258
|
429.425 |
344.355 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
150.552
|
36.294
|
227.463 |
|
|
Other Current Liabilities |
64.711
|
9.957
|
8.942 |
|
|
Provisions |
3.922
|
1.799
|
0.546 |
|
Total
Current Liabilities |
219.185
|
53.285 |
236.951 |
|
|
Net Current Assets |
733.073
|
376.140
|
107.404 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
1.558 |
13.181 |
|
|
|
|
|
|
|
|
TOTAL |
2076.913 |
1429.101 |
1245.040 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
394.782 |
437.564 |
105.946 |
|
|
|
Other Income |
70.108 |
76.913 |
27.641 |
|
|
|
TOTAL (A) |
464.890 |
514.477 |
133.587 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption of Material |
|
415.114 |
165.942 |
|
|
|
Manufacturing, operating and selling expenses |
|
132.366 |
57.942 |
|
|
|
TOTAL (B) |
561.514 |
547.480 |
223.884 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(96.624) |
(33.003) |
(90.297) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
73.073 |
73.988 |
36.114 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
(169.697) |
(106.991) |
(126.411) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
57.185 |
53.175 |
28.193 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
(226.882) |
(160.166) |
(154.604) |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
0.000 |
0.000 |
0.632 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-I) (J) |
(226.882) |
(160.166) |
(155.236) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(308.205) |
(148.039) |
1.797 |
|
|
|
|
|
|
|
|
|
Add |
EXCHANGE
LOSS ON FOREIGN CURRENCY LOAN |
0.000 |
0.000 |
5.400 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(535.087) |
(308.205) |
(148.039) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Interest Income |
0.117 |
0.675 |
5.366 |
|
|
|
Export |
52.300 |
5.215 |
0.000 |
|
|
TOTAL EARNINGS |
52.417 |
5.890 |
5.366 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
384.446 |
150.109 |
|
|
|
Trading Items |
NA |
25.186 |
95.713 |
|
|
|
Import of Capital Goods |
NA |
0.000 |
337.813 |
|
|
TOTAL IMPORTS |
NA |
409.632 |
583.635 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(2.44) |
(4.40) |
(4.35) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(48.80) |
(31.13)
|
(116.21) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(57.47) |
(36.60)
|
(145.93) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(11.58) |
(10.84)
|
(10.60) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.57) |
(1.80)
|
(0.74) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.81 |
15.66
|
6.10 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.34 |
8.06
|
1.45 |
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 |
No
|
|
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 |
No |
|
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 |
BUSINESS PERFORMANCE
This is the third year of starting business process of the Company. In third year net Sales Turnover was Rs. 394.800 Millions as compared to Rs. 437.600 Millions during the last year. During the current year Company has an other income of Rs.70.100 Millions on account of interest on fixed deposits and exchange fluctuation gain as compared to Rs.76.900 Millions during the last year.
FUTURE OUTLOOK
The Company has undertaken development and other necessary
activities so as to gain and maintain the confidence of its precious Customer.
With the genuine hard work and constant effort the Company would definitely
gain its position in the market of cable in a very short span of time.
CONTINGENT
LIABILITIES (As on: 31.03.2011)
Demands raised by Income tax authorities not acknowledged as debts Rs. 3.114 Millions (Previous year Rs. Nil). No provision has been made for these demands as the Company expects a favorable decision in the appeals.
The estimated amount of contracts of capital nature (net of advances) remaining to be executed, not provided for Rs. 641.703 Millions (Previous year Rs. 0.334 Million).
The Company has purchased fixed assets under the ‘Export Promotion Capital Goods Scheme’. As per the terms of the license granted under the scheme, the Company had undertaken to achieve an export commitment of Rs. 720.914 Millions (Previous year Rs.720.914 Millions) over a period of 8 years, which expires in 2 July, 2016 and would have been liable to pay customs duty of Rs. 90.114 Millions (Previous year Rs.90.114 Millions).
The Company has fulfilled its export obligations of Rs. 57.623 Millions (Previous year Rs. 5.215 Millions) till 31 March, 2011, the balance export obligation being Rs 663.291 Millions (Previous year Rs 715.699 Millions). The Company is yet to make an application to the Director General of Foreign Trade for issuance of the export obligation discharge certificates (EODC).
Guarantee issued by bank on behalf of the Company Rs. 21.985 Millions (Previous year Rs. 22.438 Millions) till 31 March, 2011.
FORM 8
|
Corporate identity
number of the company |
U64200DL2007PTC168806 |
|
|
Name of the
company |
LS CABLE INDIA
PRIVATE LIMITED |
|
|
Address of the
registered office or of the principal place of business in |
12th Floor, IFCI Tower, Nehru Place, New Delhi-110019,
India Email: sungsu.hong@lscable.in
|
|
|
This form is for |
Modification of
charge |
|
|
Charge identification (ID) number of the charge to be modified |
10281691 |
|
|
Type of charge |
Immovable
property |
|
|
Particular of
charge holder |
Shinhan Bank,
Mercantile House, Upper Ground Floor, 15, Kasturba Gandhi Marg, New
Delhi-110001, Email: shbdb@vsnl.net |
|
|
Nature of
instrument creating charge |
Declaration - Cum
- Confirmation Deed [Extention
Of Charge] |
|
|
Date of
instrument Creating the charge |
08.09.2011 |
|
|
Amount secured by
the charge |
Rs. 514.800
millions |
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest: As per agreement Terms of repayment As per agreement Margin As per agreement Extent and operation of the charge Extent and
Operation - 100% Others The Above Is To
Secure The Following Credit Facilities
:- Working Capital
Demand Loan = RS.
135.000 millions Working Capital
Demand Loan Credit Line = RS. 310.000 Millions PCFC
= RS. 65.800 Millions (EQV.TO USD 1,400,000) For the purpose
of filing of form-8 PCFC limit of USD 1,400,000 has been calculated @ Rs.47/-
per USD. |
|
|
Short particulars
of the property charged (Including location of the property) |
equitable mortgage
by way of first charge over company's immovable property i.e. industrial Plot
Bearing No.28 TO 31, Sector-5, Phase-II At Growth Centre, Bawal, District
Rewari, Haryana, Admeasuring 1,62,000 SQ. MT Land Area, As Doc. No.1562 In
Bahi No.1, Jild No.47 On Page No.12 ON 03.01.2011 and an additional copy has
been Pasted In Bahi NO.1, Jild No.754 On Pages 67 TO 76 and the same is registered in the office of
sub-registrar Bawal, District Rewari, Haryana Together With All buildings and
structures thereon or to be thereon. |
|
|
Date of last modification prior to the present
modification |
27.04.2011 |
|
|
Particulars of
the present modification |
Bank's first
charge by extension of equitable mortgage over company's immovable property i.e.
Industrial Plot Bearing No. 28 to 31, Sector-5, Phase-II at Growth Centre,
Bawal, District Rewari (Haryana) admeasuring 1,62,000 sq. Mt. Land area,
together with all buildings and structures thereon or to be thereon, already
regd. For Rs. 445.000 millions shall stand enhanced to Rs. 445.000 millions |
|
FIXED ASSETS:
- Plant and
Machinery
- Computers
- Office
Equipment
- Furniture and
Fixtures
- Vehicles
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.55.70 |
|
|
1 |
Rs.87.55 |
|
Euro |
1 |
Rs.68.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
26 |
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.