|
Report Date : |
24.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
UMAX PACKAGING LIMITED |
|
|
|
|
Registered
Office : |
215, 2nd Floor, Raheja Plaza,
Plot No.15, Off Veera Desai Road, Andheri (West), Mumbai – 400 053, Maharashtra
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
14.09.2007 |
|
|
|
|
Com. Reg. No.: |
11-174118 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 63.575
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74950MH2007PLC174118 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMU05282E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of all kinds of Plastic Aluminum and Polyester Foils and
Other Packaging Material. |
|
|
|
|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1300000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. There
appears considered increase in its sales turnover and profit during 2011. Trade relations are reported as decent. Business is active. Payments
are reported as usually correct. The company can be considered 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BBB (Long Term Rating) |
|
Rating Explanation |
Moderate Credit Risk |
|
Date |
26.07.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A3+ (Short Term Rating) |
|
Rating Explanation |
Moderate degree of safety |
|
Date |
26.07.2012 |
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.
INFORMATION PARTED BY
|
Name : |
Mr. C.L. Khimscra |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9829600804 |
|
Date : |
23.08.2012 |
LOCATIONS
|
Registered Office / Corporate Office : |
215, 2nd Floor, Raheja Plaza,
Plot No.15, Off Veera Desai Road, Andheri (West), Mumbai – 400 053, Maharashtra,
India |
|
Tel. No.: |
91-22-22825210/ 26736555 |
|
Mobile No.: |
91-9460551215 (Mr. Pankaj Chhajer - Account Manager) 91-9829600804 (Mr. C.L. Khimscra - Finance
Manager) |
|
Fax No.: |
91-22-22824578/ 26736557 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Communication
Office : |
National Highway No. 65, |
|
Tel. No.: |
91-291-2868285, 86, 87 |
|
Fax No.: |
91-291-2868288 |
|
E-Mail : |
|
|
|
|
|
Gurgaon Office : |
102/104, Silver Oaks, DLF Phase 1, Gurgaon - 122 002, |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
Khasa No.20/20-2, |
|
Tel. No.: |
91-291-2111675 |
|
|
|
|
Factory 2 : |
G – 155/156, Ambaji Industrial Area, Santpur, Abu Road, Sirohi
District – 307 026, Rajasthan, India |
|
Tel. No.: |
91-2974-226881 / 882 |
|
Fax No.: |
91-2974-226883 |
|
|
|
|
Factory 3 : |
Uma Nagar, |
|
Tel. No.: |
91-291-2868131 / 132 |
|
Fax No. : |
91-291-2868275 |
|
|
|
|
Branch Office 1 : |
H – 64, Sector – 2, Noida – 201 301, |
|
Tel. No.: |
91-120-2547434 |
|
E-Mail : |
|
|
|
|
|
Branch Office 2 : |
34, B-Block, 2nd Floor, |
|
E-Mail : |
|
|
|
|
|
Branch Office 3 : |
61, |
|
Tel. No.: |
91-33-24661658 |
|
E-Mail : |
|
|
|
|
|
US Office : |
13810, |
|
Tel. No.: |
+1 816 377 7633 |
|
E-Mail : |
DIRECTORS
AS ON 27.09.2011
|
Name : |
Mr. Shripal Raj Lodha |
|
Designation : |
Managing Director |
|
Address : |
C-66-67, Shastri Nagar,
|
|
Date of Birth/Age : |
20.10.1958 |
|
Date of Appointment : |
14.09.2007 |
|
DIN No.: |
00057381 |
|
|
|
|
Name : |
Mr. Atit Satish
Gandhi |
|
Designation : |
Whole Time Director |
|
Address : |
403, Kripanidhi, Greater Mumbai Co-Operative
society, Gulmohar X Road No.4, Juhu
Scheme, Vile Parle, Mumbai – 400 049, Maharashtra,
India |
|
Date of Birth/Age : |
30.10.1977 |
|
Date of Appointment : |
27.09.2010 |
|
DIN No.: |
00968654 |
|
|
|
|
Name : |
Mrs. Sarita Lodha |
|
Designation : |
Whole Time Director |
|
Address : |
C-66-67, Shastri Nagar,
|
|
Date of Birth/Age : |
22.05.1966 |
|
Qualification : |
BA |
|
Date of Appointment : |
14.09.2007 |
|
DIN No.: |
00057325 |
|
|
|
|
Name : |
Mrs. Shruti Lodha |
|
Designation : |
Director |
|
Address : |
C-66-67, Shastri Nagar,
|
|
Date of Birth/Age : |
28.11.1988 |
|
Date of Appointment : |
14.09.2007 |
|
DIN No.: |
01316941 |
|
|
|
|
Name : |
Mr. Shrikul Lodha |
|
Designation : |
Director |
|
Address : |
C-66-67, Shastri Nagar,
Jodhpur, Rajasthan, India |
|
Date of Birth/Age : |
28.01.1992 |
|
Date of Appointment : |
15.04.2011 |
|
DIN No.: |
03011881 |
|
|
|
|
Name : |
Mr. Viral Malaybhai Dalal |
|
Designation : |
Director |
|
Address : |
215/702 A, Nilan Sagar
Building, Jawahar Nagar,
Road No.3, Gurgaon (West), Mumbai-400062, Maharashtra, India |
|
Date of Birth/Age : |
14.11.1967 |
|
Date of Appointment : |
11.07.2011 |
|
DIN No.: |
03591831 |
KEY EXECUTIVES
|
Name : |
Mr. C.L. Khimscra |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2011
|
Names of Shareholders |
No. of Shares |
|
Uma Polymers Limited, |
6357494 |
|
Uma Polymers Limited, Shripal Raj Lodha |
1 |
|
Uma Polymers Limited, Sarita Lodha |
1 |
|
Uma Polymers Limited, Shruti Lodha |
1 |
|
Uma Polymers Limited, Rakesh Jain |
1 |
|
Uma Polymers Limited, Chiranji Lal Khimsara |
1 |
|
Uma Polymers Limited, Shrikul Lodha |
1 |
|
TOTAL
|
6357500 |
AS ON 09.03.2012
|
Names of Allottees |
No. of Shares |
|
Uma Polymers Limited, |
250000 |
|
TOTAL |
250000 |
AS ON 27.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of all kinds of Plastic Aluminum and Polyester Foils and
Other Packaging Material. |
|
|
|
|
Products : |
v Beverage Closures and Systems v Consumer Products v Flexible Packaging Products v Food Packaging v Soil Confinement and Stabilization Systems v Stand-Up Pouches v Matte Finishes v Freshgard(TM) v Showpack (R) Flat Bottom Bags v MetalWhite v Viscopack v Re-Seal It v Stickpack v Shrink Labels |
|
|
|
|
Imports : |
|
|
Products : |
·
Machinery ·
Raw Material |
|
Countries : |
·
Singapore ·
Thailand ·
Saudi Arabia ·
USA |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
PRODUCTION STATUS (AS ON 31.03.2010)
Licensed Capacity:
N.
A.
Installed Capacity: Not ascertainable since it depends upon and varies according to
different size and specifications of the various Jobs.
|
Particulars |
Unit |
Actual
Production |
|
Flexible Rolls/Poly |
MT |
2243.433 |
|
Scrap Generated |
MT |
207.872 |
GENERAL INFORMATION
|
Suppliers : |
·
Reliance Industries Limited |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers and Retailers ·
Pepsico International
Holding Private Limited |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
300 (Approximately) |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
v
State Bank of v
ICICI Bank Limited, Landmark Race Cource Circle, Alkapuri,
Baroda-390015, Gujarat, India v
State Bank of |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rajendra Jain and Company Chartered Accountants |
|
Address : |
‘Sudershan’, E–123, Kalptaru
Shopping Centre, |
|
PAN No.: |
AAOPJ6227C |
|
|
|
|
Holding Company : |
Uma Polymers Limited CIN No.: -
U25201RJ1987PLC003956 |
|
|
|
|
Associates : |
Secure Real
Estate And Energy Private Limited CIN No.: -
U70100MH2005PTC150756 Uma Polypacks Private Limited CIN No.: -
U25201RJ1994PTC008544 |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6357500 |
Equity Shares |
Rs.10/- each |
Rs. 63.575
Millions |
|
|
|
|
|
AS ON 27.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12500000 |
Equity Shares |
Rs.10/- each |
Rs.125.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6607500 |
Equity Shares |
Rs.10/- each |
Rs. 66.075
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 |
63.575 |
51.325 |
48.825 |
|
|
2] Share Application Money |
12.500 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
263.929 |
164.269 |
144.975 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(2.472) |
|
|
NETWORTH |
340.004 |
215.594 |
191.328 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
373.830 |
269.846 |
200.082 |
|
|
2] Unsecured Loans |
3.012 |
0.414 |
0.240 |
|
|
TOTAL BORROWING |
376.842 |
270.260 |
200.322 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
716.846 |
485.854 |
391.650 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
403.702 |
305.133 |
268.806 |
|
|
Capital work-in-progress |
8.007 |
8.225 |
22.847 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.004 |
0.004 |
0.004 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
84.067
|
75.143
|
28.617 |
|
|
Sundry Debtors |
175.402
|
80.326
|
27.576 |
|
|
Cash & Bank Balances |
19.156
|
13.530
|
21.793 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
121.267
|
52.159
|
52.017 |
|
Total
Current Assets |
399.892
|
221.158 |
130.003 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
74.861
|
41.073 |
29.372 |
|
|
Other Current Liabilities |
5.940
|
3.484
|
0.694 |
|
|
Provisions |
13.986
|
4.151
|
0.000 |
|
Total
Current Liabilities |
94.787
|
48.708 |
30.066 |
|
|
Net Current Assets |
305.105
|
172.450
|
99.937 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.028 |
0.042 |
0.056 |
|
|
|
|
|
|
|
|
TOTAL |
716.846 |
485.854 |
391.650 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1016.844 |
374.439 |
74.466 |
|
|
|
Other Income |
10.059 |
3.608 |
3.271 |
|
|
|
Closing Stock |
-- |
-- |
4.237 |
|
|
|
TOTAL (A) |
1026.903 |
378.047 |
81.974 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
819.096 |
280.104 |
-- |
|
|
|
Manufacturing service costs |
31.828 |
16.764 |
4.926 |
|
|
|
Employees related expenses |
25.234 |
11.661 |
3.816 |
|
|
|
Administrative and Selling Expenses |
37.282 |
11.864 |
1.956 |
|
|
|
Raw material consumed |
-- |
-- |
49.559 |
|
|
|
Cost of Trading Goods |
-- |
-- |
9.644 |
|
|
|
Stores and Components Consumed |
-- |
-- |
1.551 |
|
|
|
Preliminary Expenses written off |
-- |
-- |
0.014 |
|
|
|
Prior Period Items |
-- |
(0.479) |
|
|
|
|
TOTAL (B) |
913.440 |
319.914 |
71.466 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
113.463 |
58.133 |
10.508 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
33.041 |
27.429 |
8.752 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
80.422 |
30.704 |
1.756 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
16.323 |
13.517 |
4.228 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
64.099 |
17.187 |
(2.472) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
13.189 |
2.921 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
50.910 |
14.266 |
(2.472) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
11.794 |
(2.472) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
62.704 |
11.794 |
(2.472) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
22.553 |
31.909 |
9.833 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
22.500 |
0.000 |
|
|
|
Capital Goods |
NA |
2.539 |
137.956 |
|
|
TOTAL IMPORTS |
NA |
25.039 |
137.956 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
9.35 |
2.92 |
(0.51) |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
1540.000 |
|
|
|
|
|
Expected Sales (2012-2013) : Rs. 2000.000
Millions
The above information has been parted by Mr. C. L. Khimscra.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
4.96
|
3.77 |
(3.02) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.30
|
4.59 |
(3.32) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.98
|
3.27 |
(0.62) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
0.08 |
(0.01) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.39
|
1.48 |
1.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.22
|
4.54 |
4.32 |
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 |
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 |
Yes |
|
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 |
|
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 |
Yes |
SUNDRY CREDITORS
DETAILS
(Rs. In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors
|
|
|
|
|
Creditors due
small micro enterprises |
0.000 |
0.000 |
28.894 |
|
Creditors due others |
74.861 |
41.073 |
0.478 |
|
TOTAL |
74.861 |
41.073 |
29.372 |
NOTE
Registered office has been shifted from 807, Tulsiani
Chambers, Nariman Point, Mumbai-400021, Maharashtra, India to the present address w.e.f.15.02.2010
FINANCIAL RESULTS
The Sales
increased to 1119.977 Millions as compared to 403.754 Millions in the previous
year mainly on account of overall good performance of the Company in every
field, which resultant in to the boosting results.
FORM 8
|
Corporate
identity number of the company |
U74950MH2007PLC174118 |
|
Name of the
company |
UMAX PACKAGING LIMITED |
|
Address of the
registered office or of the principal place of business in |
215, E-Mail: khalidhussain@umapolymers.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10240004 |
|
Type of charge |
·
Immovable
Property ·
Book
Debts ·
Movable
Property ·
Others
(Hypothecation of Current Assets) |
|
Particular of
charge holder |
State Bank of Bikaner and Jaipur, City Branch, Kapra Bazar, Jodhpur – 342 001, Rajasthan, India |
|
Nature of
instrument creating charge |
1. Supplemental
Deed of Guarantee for Increase in Overall Limit, dated: 18.05.2012. |
|
Date of instrument
Creating the charge |
18.05.2012 |
|
Amount secured by
the charge |
Rs. 450.300 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Not applicable as
the company has provided corporate guarantee only. Terms of repayment Not applicable as
the company has provided corporate guarantee only. Margin Not applicable as
the company has provided corporate guarantee only. Extent and operation of the charge Bank has enhanced
overall limit from Rs. 427.300 Millions to
Rs.450.300 Millions (comprising of CC limit and Term Loan) to M/s. Uma Polymers Limited, Jodhpur for which the company has
provided Corporate Guarantee by way of Equitable Mortgage of its entire
property and Hypothecation of entire current assets. |
|
Short particulars
of the property charged (Including location of the property) |
Equitable
Mortgage of its entire property and Hypothecation of entire Current assets. |
|
Date of
instrument modifying the charge |
18.07.2011 |
|
Particulars of
the present modification |
Bank has enhanced
overall limit from Rs. Rs.427.300 Millions to Rs. 450.300 Millions (comprising of CC limit and Term
Loan) to M/s. Uma Polymers Limited, Jodhpur for
which the company has provided Corporate Guarantee by way of Equitable
Mortgage of its entire property and Hypothecation of entire current assets. |
TRADE REFERENCES:
v
Pepsico International Holding Private Limited
v Reliance Industries
Limited
FIXED ASSETS
· Buildings
· Plant and Machinery
· Office Equipments
· Furniture and Fixtures
· Computers
· 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. 55.18 |
|
|
1 |
Rs. 87.65 |
|
Euro |
1 |
Rs. 69.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
43 |
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.