%20LIMITED%20-%20168204%2002-Feb-2012_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
02.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
BRIDGE AND ROOF COMPANY ( |
|
|
|
|
Registered Office : |
2/1, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
16.01.1920 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs.549.872 Millions |
|
|
|
|
Com. Reg. No.: |
003601 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U27310WB1920PLC003601 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALB05717F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABSB3166E |
|
|
|
|
Legal Form : |
A closely held public limited liability company. |
|
|
|
|
Line of Business : |
Civil
engineering and industrial and factory construction services. |
|
|
|
|
No. of Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (60) |
|
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 8584116 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having fine track. Financial
position of the company appears to be sound.
Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered good for normal 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.
INFORMATION DECLINED BY
Management Non Co-operative (Name not Disclosed)
LOCATIONS
|
Registered Office : |
2/1, |
|
Tel. No.: |
91-33-2217-2108 /
2275 / 2276 / 22174053 / 4054 / 4056 |
|
Fax No.: |
91-33-22172106/4519 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office / Factory- : |
427/1, |
|
Tel. No.: |
91-33-2666-9131 to 34 |
|
Fax No.: |
91-33-2666-9137 |
|
E-Mail : |
|
|
840 Chirag |
|
Tel.
No.: |
91-11-2925-7917 / 8223 |
|
Fax
No.: |
91-11-2925-3991 |
|
E-Mail
: |
|
|
|
|
|
Mumbai Zonal Office: |
"Priyadarshni", RCF
Office Complex, (1st Floor) Eastern |
|
Tel.
No.: |
91-22-2404-5401/5402/5404 |
|
Fax
No.: |
91-22-2404-5403 |
|
E-Mail
: |
brijroof@vsnl.net |
|
|
|
|
Chennai Zonal Office: |
New No. 90 / Old No. 85,
Second Street, Kamraj Avenue, |
|
Tel.
No.: |
91-44-2441-6480/2442-0318/2445-1149 |
|
Fax
No.: |
91-44-2490-1091 |
|
E-Mail
: |
|
|
|
|
|
|
107/108, |
|
Tel.
No.: |
91-265-2330066 Extn. 201 |
|
Fax
No.: |
91-265-2337946 |
DIRECTORS
AS ON 23.09.2011
|
Name : |
Mr.
Chandan Choudhuri |
|
Designation : |
Whole Time Director |
|
Address : |
197, Second Floor, J Block,
Saket, New Delhi – 110017, India |
|
Date of Birth/Age: |
20.08.1953 |
|
Date of Appointment: |
22.11.2008 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U17232WB1971GOI027958 |
THE JUTE CORPORATION OF
INDIA LIMITED |
Whole-time director |
07/01/2005 |
07/01/2005 |
21/11/2008 |
Active |
NO |
|
2 |
U17232WB1980GOI032768 |
NATIONAL JUTE MANUFACTURES
CORPRATION LIMITED |
Whole-time director |
04/04/2005 |
04/04/2005 |
21/11/2008 |
Active |
NO |
|
3 |
U27310WB1920GOI003601 |
BRIDGE & ROOF CO
(INDIA) LTD |
Whole-time director |
22/11/2008 |
22/11/2008 |
- |
Active |
NO |
|
Name : |
Mr.
Mukesh Jha |
|
Designation : |
Managing Director |
|
Address : |
5/3K, Raja Mahindra Road, Kolkata - 700037, West Bengal, India |
|
Date of Birth/Age: |
09.10.1952 |
|
Date of Appointment: |
18.07.2008 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U27310WB1920GOI003601 |
BRIDGE & ROOF CO
(INDIA) LTD |
Managing director |
18/07/2008 |
01/04/2005 |
- |
Active |
NO |
|
2 |
U74210UP1986GOI008026 |
BHARAT YANTRA NIGAM
LIMITED |
Director |
01/05/2007 |
01/05/2007 |
- |
Under liquidation |
NO |
|
Name : |
Mr. Gurkeerat Singh Gill |
|
Designation : |
Director |
|
Address : |
170, D-II, Flats/Cffic Ers Flats) Wat
Nagar, Delhi, Haryana |
|
Date of Birth/Age: |
15.03.1950 |
|
Date of Appointment: |
08.10.2010 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U35201MH1990GOI223738 |
KONKAN RAILWAY CORPORATION
LIMITED |
Director |
20/12/2005 |
20/12/2005 |
31/07/2007 |
Active |
NO |
|
2 |
U99999MH1970SGC014574 |
CITY AND INDUSTRIAL
DEVELOPMENT CORPORATION OF MAHARASHTRA LIMITED |
Managing director |
31/07/2007 |
31/07/2007 |
31/03/2010 |
Active |
|
|
3 |
U45200MH2004PTC146973 |
NAVI MUMBAI SEZ PRIVATE
LIMITED |
Director |
13/06/2008 |
18/10/2007 |
31/03/2010 |
Active |
NO |
|
4 |
U93090MH2009SGC192415 |
MAHATOURISM CORPORATION
LIMITED |
Nominee director |
15/05/2009 |
15/05/2009 |
31/03/2010 |
Active |
NO |
|
5 |
U45203MH2002SGC136979 |
MAHARASHTRA AIRPORT
DEVELOPMENT COMPANY LIMITED |
Director |
29/09/2009 |
29/09/2009 |
- |
Active |
|
|
6 |
U74120MH2010PTC204590 |
GRV Real Infra Consultants
Private Limited |
Director |
21/06/2010 |
21/06/2010 |
- |
Active |
NO |
|
7 |
U27310WB1920GOI003601 |
BRIDGE & ROOF CO
(INDIA) LTD |
Director |
08/10/2010 |
08/10/2010 |
- |
Active |
NO |
|
8 |
U70102MH2010PTC203673 |
AYYAPPA BUILDERS AND
DEVELOPERS PRIVATE LIMITED |
Director |
29/09/2011 |
29/09/2011 |
- |
Active |
NO |
|
Name : |
Mr. Mahendra Kumar Singh |
|
Designation : |
Director |
|
Address : |
Flat No.12, 6th Floor, Beacon
Building, Near Maninagar, Madame Cama Road, Mumbai – 400021, Maharashtra,
India |
|
Date of Birth/Age: |
01.11.1957 |
|
Date of Appointment: |
22.07.2011 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U28920MH1973GOI016389 |
RICHARDSON AND CRUDDAS
(1972) LIMITED |
Managing director |
01/02/2007 |
01/02/2007 |
- |
Active |
NO |
|
2 |
U35921MH1980GOI023354 |
NATIONAL BICYCLE CORPORATION
OF INDIA LTD |
Managing director |
10/07/2007 |
10/07/2007 |
- |
Active |
NO |
|
3 |
U27310WB1920GOI003601 |
BRIDGE & ROOF CO
(INDIA) LTD |
Whole-time director |
22/07/2011 |
22/07/2011 |
- |
Active |
NO |
|
Name : |
Mr. Rohit Kumar Parmar |
|
Designation : |
Director |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U25112WB1984GOI037225 |
TYRE CORPORATION OF INDIA
LTD |
Director |
13/09/2011 |
13/09/2011 |
- |
Active |
NO |
|
2 |
U27310WB1920GOI003601 |
BRIDGE & ROOF CO
(INDIA) LTD |
Director |
13/09/2011 |
13/09/2011 |
- |
Active |
NO |
|
3 |
U28991UP1970GOI003577 |
BHARAT PUMPS AND
COMPRESSORS LIMITED |
Nominee director |
13/10/2011 |
13/10/2011 |
- |
Active |
NO |
|
Name : |
Mr. Rajinder Pal
Goel |
|
Designation : |
Managing Director |
|
Address : |
P-6, Dobson Lane, Howrah
– 711101, West Bengal, India |
|
Date of Birth/Age: |
11.01.1961 |
|
Date of Appointment: |
07.06.2010 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U45201UP1965GOI003196 |
TRIVENI STRUCTURALS LTD |
Director |
17/12/2007 |
17/12/2007 |
- |
Active |
|
|
2 |
U74210KA1970PLC001379 |
TUNGABHADRA STEEL PRODUCTS
LIMITED |
Director |
07/06/2010 |
17/12/2007 |
26/04/2011 |
Active |
NO |
|
3 |
U27310WB1920GOI003601 |
BRIDGE & ROOF CO
(INDIA) LTD |
Director |
07/06/2010 |
17/12/2007 |
26/04/2011 |
Active |
NO |
|
4 |
U28999AP1966GOI001202 |
BHARAT HEAVY PLATE AND
VESSELS LIMITED |
Nominee director |
21/04/2011 |
17/12/2007 |
- |
Active |
NO |
|
5 |
U28920MH1973GOI016389 |
RICHARDSON AND CRUDDAS
(1972) LIMITED |
Nominee director |
07/06/2010 |
17/12/2007 |
26/04/2011 |
Active |
NO |
|
6 |
U28991UP1970GOI003577 |
BHARAT PUMPS AND
COMPRESSORS LIMITED |
Nominee director |
07/06/2010 |
17/12/2007 |
26/04/2011 |
Active |
NO |
|
7 |
U29299RJ1964GOI001174 |
INSTRUMENTATION LIMITED |
Director |
17/08/2009 |
17/08/2009 |
28/07/2010 |
Active |
NO |
|
8 |
U51395RJ1981GOI002249 |
RAJASTHAN ELECTRONICS AND
INSTRUMENTS LTD |
Nominee director |
19/08/2009 |
19/08/2009 |
03/08/2010 |
Active |
NO |
|
9 |
U14220RJ1958GOI001049 |
HINDUSTAN SALTS LIMITED |
Managing director |
03/03/2011 |
01/07/2010 |
30/04/2011 |
Active |
NO |
|
10 |
U14220RJ1964GOI001188 |
SAMBHAR SALTS LIMITED |
Managing director |
03/03/2011 |
01/07/2010 |
30/04/2011 |
Active |
NO |
|
Name : |
Mr. Debasis Jana |
|
Designation : |
Director |
|
Address : |
C-8/88, 4 Vasant Kunj, New Delhi – 110070, Haryana |
|
Date of Birth/Age: |
19.07.1965 |
|
Date of Appointment: |
26.04.2011 |
KEY EXECUTIVES
|
Name : |
Ms. Rakhee Kar |
|
Designation : |
Director |
|
Address : |
9, Kaji Para Road, Parnasree
Pally, Behala, Kolkata – 700060, West Bengal, India |
|
Date of Birth/Age: |
09.08.1976 |
|
Date of Appointment: |
01.02.2010 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 23.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Balmer Lawrie and Company Limited, Kolkata |
|
357591 |
|
Sadasiva Tyagaraja Sadasivan |
|
300 |
|
C K Shinha |
|
3 |
|
Sadasiva Govibdaraj |
|
100 |
|
Sadasiva Tyagaraja |
|
100 |
|
M S Khanna |
|
1 |
|
Sultamall Ganglee |
|
3 |
|
Tehmy Keki Dharwell |
|
600 |
|
Lalitha Tyagaraja |
|
200 |
|
Jayanand Govindaraj |
|
100 |
|
Vatsala Govindaraj |
|
100 |
|
Chandralekha Mehta |
|
600 |
|
Ajit Sinha |
|
300 |
|
President of India, New Delhi |
|
54627155 |
|
J Chandy |
|
2 |
|
Total |
|
54987155 |
AS ON 23.09.2011
|
Category |
Percentage |
|
Government (Central and State) |
99.000 |
|
Government Companies |
0.65 |
|
Other top fifty shareholders |
0.35 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Civil
engineering and industrial and factory construction services. |
GENERAL INFORMATION
|
Customers : |
Oil and Gas ·
Indian Oil Corporation Limited ·
Oil and Natural gas Corporation Limited ·
Reliance ·
Petronet MHB Limited Petrochemicals ·
Indian Petrochemicals Corporation Limited ·
Haldia Petrochemicals Fertilizer and
Chemicals ·
ICI India Limited ·
National Fertilizers Limited ·
Rashtriya Chemical and Fertilizers ·
Sterlite Industries Limited Power ·
Bhaba Atomic Research Commission ·
Nuclear Power Corporation ·
Essar Projects Limited ·
Tata Projects Steel ·
Steel Authority of India Limited ·
Bhushan Steel and Stripls Limited ·
Visa Steel Limited ·
Vikram Ispat Limited Non-Ferrous ·
National Aluminium Company Limited ·
Hindustan Zinc Limited ·
Bharat Aluminium Company limited ·
Vedanta Alumina Limited Cement ·
The Associated
Cement Companies Limited ·
Cement Corpn. of ·
Orissa Cement
Limited ·
Diamond Cement ·
Mysore Cements
Limited Road ·
National Highways
Authority of ·
Public Works
Department ·
Goverment of
Gujrat. ·
His Majesty's
Government of Railways ·
Indian Railways ·
Metro Railway ·
IRCON
International Limited ·
Rail Infrastructure ·
Delhi Metro Rail
Corporation Limited ·
·
Garden Reach
Shipbuilders and Engineers ·
National Council of
Science Museums ·
Reserve Bank of ·
Indian Council of
Cultural Relations ·
WB National
University of Juridical Sciences ·
·
·
Adani Agri
Logistics and Power. ·
Bengal Greenfield Housing
Development Company Limited ·
·
·
·
Indian Bank ·
The Society for
Sports and Stadium, ·
·
Director General
Border Roads ·
Indian Navy ·
·
·
Cochin Shipyard
Limited ·
Metro Cash and
Carry India Private Limited |
|||||||||||||||||||||
|
|
|
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|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
State Bank of India, Kolkata Branch |
|||||||||||||||||||||
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|
|
|||||||||||||||||||||
|
Facilities: |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
·
Jain Saraogi and
Company Chartered
Accountants ·
M/s. Santosh Jain and
Company Chartered
Accountants |
|
|
|
|
Associates/Subsidiaries : (AS ON 31.03.2010) |
·
Bharat
Heavy Plate and Vessels Limited ·
Bharat
Pumps and Compressors Limited ·
Richardson
and Cruddas Limited ·
Triveni
Structural Limited ·
Tungabhadra
Steel Products Limited |
|
|
|
|
Holding Company (AS ON 31.03.2010) |
Bharat Yantra
Nigam |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
60000000 |
Equity Shares |
Rs.10/- each |
Rs.600.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
54987200 |
Equity Shares |
Rs.10/- each |
Rs.549.872
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 |
549.872 |
549.872 |
549.872 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1596.157 |
1038.544 |
631.360 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2146.029 |
1588.416 |
1181.232 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
499.028 |
537.918 |
671.682 |
|
|
2] Unsecured Loans |
0.000 |
90.000 |
150.000 |
|
|
TOTAL BORROWING |
499.028 |
627.918 |
821.682 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2645.057 |
2216.334 |
2002.914 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
491.035 |
446.019 |
491.544 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
84.124 |
81.960 |
93.735 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
423.083 |
390.237 |
669.016 |
|
|
Sundry Debtors |
103.889 |
73.684 |
3576.654 |
|
|
Cash & Bank Balances |
819.593 |
661.456 |
67.057 |
|
|
Other Current Assets |
5422.175 |
4321.340 |
163.547 |
|
|
Loans & Advances |
4389.201 |
3319.460 |
2755.826 |
|
Total
Current Assets |
11157.941
|
8766.177
|
7232.100 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
6081.603 |
4456.673 |
3577.160 |
|
|
Other Current Liabilities |
2066.910
|
1986.275
|
1804.573 |
|
|
Provisions |
939.530
|
634.874
|
432.732 |
|
Total
Current Liabilities |
9088.043 |
7077.822 |
5814.465 |
|
|
Net Current Assets |
2069.898 |
1688.355 |
1417.635 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2645.057 |
2216.334 |
2002.914 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
13289.668 |
11620.103 |
9141.178 |
|
|
|
Other Income |
45.277 |
32.988 |
52.139 |
|
|
|
TOTAL (A) |
13334.945 |
11653.091 |
9193.317 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
3094.896 |
2974.670 |
2518.057 |
|
|
|
Manufacturing service costs |
375.276 |
314.042 |
0.000 |
|
|
|
Contract cost |
7082.150 |
5995.800 |
6176.624 |
|
|
|
Employee related expenses |
873.028 |
804.663 |
0.000 |
|
|
|
Administrative selling other expenses |
833.870 |
683.618 |
0.000 |
|
|
|
Increased / (Decreased) In stock |
0.000 |
|
(209.860) |
|
|
|
TOTAL (B) |
12259.220 |
10772.793 |
8484.821 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1075.725 |
880.298 |
708.496 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
66.482 |
103.026 |
223.792 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1009.243 |
777.272 |
484.704 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
138.359 |
136.161 |
152.124 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
870.884 |
641.111 |
332.580 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
294.099 |
221.103 |
115.737 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
576.785 |
420.008 |
216.843 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.49 |
7.65 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total
Income |
(%) |
4.33
|
3.60 |
2.36 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.55
|
5.52 |
3.64 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.48
|
6.95 |
4.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.41
|
0.40 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.46
|
4.85 |
5.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23
|
1.24 |
1.24 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
6081.603 |
4456.673 |
3577.160 |
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.42.79 |
|
|
1 |
Rs.85.04 |
|
Euro |
1 |
Rs.67.34 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
60 |
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.