MIRA
INFORM REPORT
|
Report Date : |
10.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
OLYMPIC LAMINATES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
6, 1st Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
25.03.1999 |
|
|
|
|
Com. Reg. No.: |
04-035650 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 16.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U20299GJ1999PTC035650 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMA02488D / AHMO00240C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACO3029Q |
|
|
|
|
Legal Form : |
Private Limited Liability
Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Decorative
Laminates. |
|
|
|
|
No. of Employees
: |
160 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory
track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can
be considered normal 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.
INFORMATION PARTED BY
|
Name : |
Mr. Deepak |
|
Designation : |
Account Executive |
|
Contact No.: |
91-79-40017979 |
|
Date : |
09.02.2011 |
LOCATIONS
|
Registered
Office : |
6, 1st Floor, |
|
Email : |
|
|
|
|
|
Factory : |
Block No. 49-50,
Behind Kalpaturu Paper Mill, Village Karoli, Taluka-Kalol, Mehsana, Gujarat,
India |
|
Fax No.: |
91-79-40017900 |
|
E-mail: |
|
|
Area : |
8000 sq. mtrs.
(Approximately) |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Bharatkumar
Ambalal Patel |
|
Designation : |
Director |
|
Address : |
Meghdoot, 6
Savsar Plot, Ahmedabad- 363641, |
|
Date of Birth/Age : |
27.07.1960 |
|
Date of Appointment : |
25.03.1999 |
|
DIN No.: |
00203868 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U20299GJ1999PTC035650 |
OLYMPIC
LAMINATES PRIVATE LIMITED |
Director |
25-03-99 |
25-03-99 |
Active |
NO |
|
2 |
U26990GJ2009PTC058630 |
OLYMPIC
GLASS PRIVATE LIMITED |
Director |
23-03-10 |
23-03-10 |
Active |
NO |
|
Name : |
Mr. Jitendra
Tulsidas Patel |
|
Designation : |
Director |
|
Address : |
Meghdoot, 6
Savsar Plot, Ahmedabad- 363641, |
|
Date of Birth/Age : |
15.06.1960 |
|
Date of Appointment : |
09.07.1999 |
|
DIN No.: |
00204168 |
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 |
U20291GJ1987PTC009532 |
TOPPAN
PLYWOOD PRIVATE LIMITED |
Director |
30-03-87 |
30-03-87 |
- |
Strike
off |
NO |
|
2 |
U20299GJ1999PTC035650 |
OLYMPIC
LAMINATES PRIVATE LIMITED |
Director |
09-07-99 |
09-07-99 |
- |
Active |
NO |
|
3 |
U26933GJ2004PTC043848 |
ROYALTOUCH
ALUMINIUM PRIVATE LIMITED |
Director |
24-03-04 |
24-03-04 |
- |
Active |
NO |
|
4 |
U20200GJ2006PTC047948 |
ROYAL
TOUCH LAMINATES PRIVATE LIMITED |
Director |
17-03-06 |
17-03-06 |
- |
Active |
NO |
|
5 |
U29308GJ1994PLC023531 |
AJANTA
MANUFACTURING LIMITED |
Director |
30-09-08 |
01-01-08 |
26-04-11 |
Active |
NO |
|
6 |
U36101GJ2009PTC058631 |
CROWN
LAMINATES PRIVATE LIMITED |
Director |
20-11-09 |
20-11-09 |
- |
Active |
NO |
|
7 |
U26990GJ2009PTC058630 |
OLYMPIC
GLASS PRIVATE LIMITED |
Director |
20-11-09 |
20-11-09 |
- |
Active |
NO |
|
Name : |
Mr. Arvindkumar
Ambalal Patel |
|
Designation : |
Director |
|
Address : |
Meghdoot, 6
Savsar Plot, Ahmedabad- 363641, |
|
Date of Birth/Age : |
19.03.1957 |
|
Date of Appointment : |
25.03.1999 |
|
DIN No.: |
00211536 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U20291GJ1987PTC009532 |
TOPPAN
PLYWOOD PRIVATE LIMITED |
Director |
30-03-87 |
30-03-87 |
Strike
off |
NO |
|
2 |
U20299GJ1999PTC035650 |
OLYMPIC
LAMINATES PRIVATE LIMITED |
Director |
25-03-99 |
25-03-99 |
Active |
NO |
|
3 |
U26933GJ2004PTC043848 |
ROYALTOUCH
ALUMINIUM PRIVATE LIMITED |
Director |
24-03-04 |
24-03-04 |
Active |
NO |
|
4 |
U20200GJ2006PTC047948 |
ROYAL
TOUCH LAMINATES PRIVATE LIMITED |
Director |
22-09-06 |
22-09-06 |
Active |
NO |
|
5 |
U36101GJ2009PTC058631 |
CROWN
LAMINATES PRIVATE LIMITED |
Director |
20-11-09 |
20-11-09 |
Active |
NO |
|
6 |
U26990GJ2009PTC058630 |
OLYMPIC
GLASS PRIVATE LIMITED |
Director |
20-11-09 |
20-11-09 |
Active |
NO |
|
7 |
U26933GJ2010PTC060861 |
SUNWORLD
VITRIFIED PRIVATE LIMITED |
Director |
12-06-10 |
12-06-10 |
Active |
NO |
|
8 |
U26933GJ2010PTC062032 |
SILK
TOUCH VITRIFIED PRIVATE LIMITED |
Director |
19-08-10 |
19-08-10 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Deepak |
|
Designation : |
Account Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Arvindkumar
Ambalal Patel |
218620 |
|
Bharatbhai
Ambalal Patel |
220130 |
|
Jay Ashwinbhai
Patel |
257250 |
|
Bharatbhai
Tulsidas Prasania |
92000 |
|
Bharatbhai
Tulsidas Prasania (HUF) |
64500 |
|
Hinaben B Parasania |
47000 |
|
Chetanaben
Parsania |
66500 |
|
Dineshkumar Patel
|
106250 |
|
Dineshkumar Patel
(HUF) |
74400 |
|
Rajkumar
Parasania |
60000 |
|
Tulsidas
Parasania |
52400 |
|
Tulsidas
Parasania (HUF) |
63700 |
|
Jitendrakumar
Patel |
101250 |
|
Jitendrakumar
Patel (HUF) |
64500 |
|
Simagauri
Parasania |
62000 |
|
Nishaben A Patel |
16500 |
|
Geetaben Patel |
15000 |
|
Monaben B Patel |
15000 |
|
Shiv Patel |
53000 |
|
Total |
1650000 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Decorative
Laminates. |
|
|
|
|
Products : |
Decorative
Laminated Sheets |
|
|
|
|
Brand Names : |
‘Delta’ |
|
|
|
|
Exports : |
|
|
Products : |
Laminates |
|
Countries : |
·
Hong Kong ·
China ·
Dubai |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
Germany ·
Japan |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash, Credit (30 days) |
|
|
|
|
Purchasing : |
L/C, Cash, Credit (30 days) |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity AND Installed Capacity |
Actual
Production |
|
|
|
|
|
|
Decorative Laminated Sheets |
Nos. |
2800000 |
2076910 |
GENERAL INFORMATION
|
Suppliers : |
·
Akashdeep Papers Private Limited ·
Asian Solvochem Private Limited ·
Alex Engineering Works ·
D D Engineering ·
G. E. B. (Uttar Gujarat Vij Company Limited) ·
Jayant Shipping Agency Private Limited ·
Jay Mahakali Engineering Works ·
Lalibhai Trading Company Private Limited ·
Multishaper (India) Private Limited ·
Surface Logistics ·
Rama Krishna Transport Corporation |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
·
Wholesalers, Retailers and End Users ·
Advanced Laminated Private Limited ·
Anmol Laminates ·
Bhatia Engineering Works ·
Deco Mica Limited ·
Delta Laminates ·
Formica Holdings Limited ·
Formica Limited ·
MOF Office Automations Private Limited ·
Royal Touch Laminates Private Limited ·
Sumit Laminart Private Limited |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
160 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Praodkumar Dad and Associates Chartered Accountant |
|
Address : |
110-112, Ashwamegh Avenue, Near Mithakhali Underbridge, Navrangpura,
Ahmedabad-380009, Gujarat, India |
|
Tel. No.: |
91-79-26466027 |
|
Mobile No.: |
91-9824031207 |
|
Fax No.: |
91-79-26466027 |
|
E-Mail : |
|
|
Pan No.: |
AACFP3352Q |
|
|
|
|
Subsidiaries : |
Olympic Glass Private Limited |
|
|
|
|
Enterprises over which key management personnel have significant
influence : |
·
Meghdev Enterprises ·
Royal Touch Laminates Private Limited ·
Silk Touch Vitrified Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1650000 |
Equity Shares |
Rs.10/- each |
Rs. 16.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1650000 |
Equity Shares |
Rs.10/- each |
Rs. 16.500 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 |
16.500 |
16.500 |
16.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
270.343 |
224.997 |
153.181 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
286.843 |
241.497 |
169.681 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
103.235 |
43.880 |
32.694 |
|
|
2] Unsecured Loans |
18.254 |
2.204 |
39.376 |
|
|
TOTAL BORROWING |
121.489 |
46.084 |
72.070 |
|
|
DEFERRED TAX LIABILITIES |
5.767 |
6.148 |
5.642 |
|
|
|
|
|
|
|
|
TOTAL |
414.099 |
293.729 |
247.393 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
139.037 |
117.607 |
93.052 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
16.782 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.129 |
0.160 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
260.880
|
196.940 |
130.525
|
|
|
Sundry Debtors |
121.368
|
93.173 |
68.771
|
|
|
Cash & Bank Balances |
76.629
|
50.842 |
0.555
|
|
|
Other Current Assets |
0.000
|
0.000 |
0.000
|
|
|
Loans & Advances |
1.267
|
1.861 |
21.093
|
|
Total
Current Assets |
460.144
|
342.816 |
220.944 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
133.618
|
140.278 |
66.965 |
|
|
Other Current Liabilities |
28.291
|
3.922 |
2.184
|
|
|
Provisions |
23.302
|
22.654 |
14.236
|
|
Total
Current Liabilities |
185.211
|
166.854 |
83.385 |
|
|
Net Current Assets |
274.933
|
175.962 |
137.559
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
414.099 |
293.729 |
247.393 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
930.347 |
754.449 |
629.584 |
|
|
|
Other Income |
0.311 |
0.246 |
0.355 |
|
|
|
TOTAL (A) |
930.658 |
754.695 |
629.939 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
746.884 |
534.485 |
475.149 |
|
|
|
Direct Expenses |
22.424 |
22.970 |
19.712 |
|
|
|
Manufacturing and other Factory Expenses |
61.933 |
51.802 |
41.524 |
|
|
|
Salary and Wages |
13.310 |
9.581 |
7.334 |
|
|
|
Administration and General Expenses |
4.873 |
2.976 |
2.925 |
|
|
|
Selling and Distribution Expenses |
21.094 |
14.699 |
14.502 |
|
|
|
Director Remuneration |
0.408 |
0.816 |
0.816 |
|
|
|
Increase/(Decrease) in Finished Goods |
(36.207) |
2.493 |
(2.646) |
|
|
|
TOTAL (B) |
834.719 |
639.822 |
559.316 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
95.939 |
114.873 |
70.623 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
9.626 |
5.156 |
5.190 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
86.313 |
109.717 |
65.433 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
17.999 |
14.769 |
11.904 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
68.314 |
94.948 |
53.529 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
22.922 |
23.118 |
13.575 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
45.392 |
71.830 |
39.954 |
|
|
|
|
|
|
|
|
|
Less |
PRIOR PERIOD
(INCOME) / EXPENSES |
0.047 |
0.013 |
0.114 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
119.998 |
53.181 |
18.341 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
5.000 |
5.000 |
5.000 |
|
|
BALANCE CARRIED
TO THE B/S |
160.343 |
119.998 |
53.181 |
|
|
|
|
|
|
|
|
|
|
EXPORT VALUE |
104.999 |
100.246 |
84.852 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
186.236 |
149.682 |
136.729 |
|
|
|
Capital Goods |
11.916 |
4.351 |
10.318 |
|
|
TOTAL IMPORTS |
198.152 |
154.033 |
147.047 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
27.51 |
43.53 |
24.21 |
|
Expected Sales (2011-2012) : Rs. 1000.000 Millions
The above information has been parted by Mr. Deepak.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
4.88
|
9.52 |
6.34 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.34
|
12.59 |
8.50 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.40
|
20.62 |
40.55 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.39 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.09
|
0.91 |
0.95 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.48
|
2.05 |
2.65 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1. Year of Establishment |
Yes |
|
2. Locality of the firm |
Yes |
|
3. Constructions of the firm |
Yes |
|
4. Premises details |
Yes |
|
5. Type of Business |
Yes |
|
6. Line of Business |
Yes |
|
7. Promoter’s background |
------ |
|
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 |
No |
|
13. Reasons for variation <> 20% |
------ |
|
14. Estimation for coming financial year |
Yes |
|
15. Capital in the business |
No |
|
16. Details of sister concerns |
No |
|
17. Major suppliers |
No |
|
18. Major customers |
No |
|
19. Payments terms |
Yes |
|
20. Export / Import details |
Yes |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
23. Banking Details |
Yes |
|
24. Banking facility details |
------ |
|
25. Conduct of the banking account |
------ |
|
26. Buyer visit details |
------ |
|
27. Financials, if provided |
No |
|
28. Incorporation details, if applicable |
------ |
|
29. Last accounts filed at ROC |
------ |
|
30. Major Shareholders, if available |
------ |
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
|
|
|
|
Sundry Creditors for Goods |
122.490 |
130.429 |
58.865 |
|
Sundry Creditors for Capital Goods |
0.132 |
1.133 |
0.315 |
|
Sundry Creditors for Expenses |
10.996 |
8.716 |
7.785 |
|
Total |
133.618 |
140.278 |
66.965 |
SUNDRY CREDITORS
PARTIAL DETAILS
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors
|
|
|
|
|
Akashdeep Papers Private Limited |
0.209 |
2.755 |
|
|
Asian Solvochem Private Limited |
15.220 |
0.000 |
|
|
Alex Engineering Works |
0.132 |
0.495 |
|
|
D D Engineering |
0.033 |
0.183 |
66.965 |
|
G. E. B. (Uttar Gujarat Vij Company Limited) |
1.375 |
1.562 |
|
|
Jayant Shipping Agency Private Limited |
0.161 |
0.175 |
|
|
Jay Mahakali Engineering Works |
0.483 |
0.057 |
|
|
Lalibhai Trading Company Private Limited |
0.352 |
0.256 |
|
|
Multishaper (India) Private Limited |
0.187 |
0.081 |
|
|
Surface Logistics |
0.499 |
0.080 |
|
|
Rama Krishna Transport Corporation |
0.105 |
0.141 |
|
NOTE:
The registered office of the company has been has been shifted from
Shree Complex, 3rd Floor, Opposite Sardar Patel Stadium,
Navrangpura, Ahmedabad – 380 017, Gujarat, India to the present address w. e. f
16.10.2009
BUSINESS
OPERATIONS:
During the year the Company has achieved turnover of Rs.
966.865 Millions as compared to Rs. 752.202 Millions in previous year and the
company has earned a net profit after adjustments of Rs. 45.392 Millions as
compared to Rs. 71.830 Millions previous year.
FORM 8
|
Corporate
identity number of the company |
U20299GJ1999PTC035650 |
|
Name of the
company |
OLYMPIC LAMINATES
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
6, 1st Floor, |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book debts Movable property
(not being pledge) Floating charge Others |
|
Particular of
charge holder |
ICICI Bank Limited,
Landmarkrace Course Circle, Alkapuri, Baroda-390015, Gujarat, India |
|
Nature of
instrument creating charge |
Deed of
Hypothecation (For Rupee Loan, ECB Facility And Working Capital Facility ) Executed By The Company
In Favour of ICICI Bank Limited |
|
Date of
instrument Creating the charge |
31.01.2012 |
|
Amount secured by
the charge |
Rs. 163.000
Millions |
|
Short particulars
of the property charged (Including location of the property) |
Stocks, book debts,
and other assets |
FIXED ASSETS
- Factory and Other Land
- Tubewell
- Building
- Staff Colony
- Plant and Machinery
- Fire Extinguishment
- Electrical Fitting
- Lab Equipments
- Factory Stores
- Tools Hand Tools
- Welding Machine
- Furniture and Fixture
- Air Conditioner
- Computer
- Telecom Tools
- 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. 49.28 |
|
|
1 |
Rs. 78.09 |
|
Euro |
1 |
Rs. 65.58 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
49 |
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.