MIRA
INFORM REPORT
|
Report Date : |
27.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
JYOTI CNC AUTOMATION PRIVATE LIMITED [w.e.f. 28.04.2008] |
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|
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Formerly Known
As : |
AMB ENGINEERING COMPANY PRIVATE LIMITED |
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Registered
Office : |
G-506, Lodhika, GIDC Estate, Village Metoda, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
17.01.1991 |
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Com. Reg. No.: |
04-14914 |
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Capital
Investment / Paid-up Capital : |
Rs.111.468 Millions |
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CIN No.: [Company Identification
No.] |
U29221GJ1991PTC014914 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
RKTJ00293G |
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PAN No.: [Permanent Account No.] |
AABCJ1947R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of CNC Machines. |
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No. of Employees
: |
1200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4700000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Financially company is performing well. Trade relations are reported to be fair. Business is active. Payments are reported to be regular and as per commitments. The company can be considered normal for business dealing 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 |
Long Term Loan = Crisil BB |
|
Rating Explanation |
(Crisil BB) = It contains moderate risk of
default regarding timely servicing of financial obligation. |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Hiren |
|
Designation : |
Account Department |
|
Contact No.: |
91-2827-287081 |
|
Date : |
26.07.2012 |
LOCATIONS
|
Registered Office/ Factory 1: |
G-506, Lodhika, GIDC Estate, Village Metoda, Rajkot – 360021, Gujarat, India |
|
Tel. No.: |
91-2827-287081/
287082/ 287412/ 287052/ 287212/ 287812 |
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Fax No.: |
91-2827-287480 |
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E-Mail : |
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Website : |
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Area : |
5000 Sq. ft. |
|
Location : |
Leased |
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Factory 2: |
283, Lodhika, GIDC, Metoda, Rajkot – 360021, Gujarat, India |
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Administrative Office : |
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Tel. No.: |
91-281-2386331/ 2372039 |
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Fax No.: |
91-281-2367625 |
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E-Mail : |
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Website : |
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Area : |
70778 Sq. mt. |
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Location : |
Leased |
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Branch Office : |
M-62, 11th Cross, Brindhavan Nagar, TNHB, 7th
Phase, Hosur – 635109, India |
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E-Mail : |
DIRECTORS
(AS ON 30.09.2011)
|
Name : |
Mr. Parakramsinh Ghanshyamsinh Jadeja |
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Designation : |
Director |
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Address : |
“Osho”,
2, |
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Date of Birth/Age : |
21.10.1968 |
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Date of Appointment : |
26.03.2003 |
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Voter ID No.: |
GNC5558325 |
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DIN No.: |
00125050 |
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Name : |
Mr.
Vikramsinh Raghuvirsinh Rana |
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Designation : |
Director |
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Address : |
601,
Kishan Kanaiya-II, |
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Date of Birth/Age : |
19.01.1970 |
|
Date of Appointment : |
26.03.2003 |
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DIN No.: |
00125079 |
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|
|
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Name : |
Mr.
Sahdevsinh L. Jadeja |
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Designation : |
Director |
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Address : |
Shreenil,
Plot No.70, Silver Stone Main Road, Near Oscar Tower, Rajkot – 360 004,
Gujarat, India |
|
Date of Birth/Age : |
22.07.1965 |
|
Date of Appointment : |
26.03.2003 |
|
DIN No.: |
00126392 |
KEY EXECUTIVES
|
Name : |
Mr. Hiren |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Anilbhai B. Virani |
|
1602000 |
|
Kishore Virani |
|
1718000 |
|
Babita P. Rathod |
|
1 |
|
Basant Fulchand |
|
1 |
|
Mahendra Fulchand |
|
1 |
|
Popatlal Fulchand |
|
1 |
|
Regal Computer Systems Private Limited |
|
1 |
|
Sangeeta P. Rathod |
|
1 |
|
Subhash Fulchand |
|
1 |
|
Samir N. Shah |
|
1 |
|
Bhavesh L. Jadeja |
|
98750 |
|
Dakshaba Rana |
|
96900 |
|
Darshan J. Chauhan |
|
5000 |
|
Ghanshyamsinh Jadeja |
|
213900 |
|
Jagdishsinh L. Jadeja |
|
63850 |
|
Jyotiba Jadeja |
|
22490 |
|
Kaushik D. Solanki |
|
21620 |
|
Lalubhai H. Jadeja |
|
181800 |
|
Parakramsinh Jadeja |
|
2589050 |
|
Ramanikba G. Jadeja |
|
53250 |
|
Rajeshriba P. Jadeja |
|
287490 |
|
Sahadevsinh Jadeja |
|
445050 |
|
Ushaben G. Solanki |
|
96650 |
|
Vijay P. Zala |
|
101950 |
|
Vikramsinh R. Rana |
|
357850 |
|
Shyamal Rana |
|
140000 |
|
Jyoti International Private Limited |
|
828000 |
|
Smit R. Virani |
|
2140000 |
|
Chaitanya K. Solanki |
|
4000 |
|
|
|
|
|
Total |
|
11146808 |
(AS ON 31.03.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
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|
Jyoti International Private Limited, India |
|
764000 |
|
Bindiya C. Solanki |
|
8000 |
|
Chaitanya K. Solanki |
|
7200 |
|
Chaitanya K. Solanki HUF |
|
8000 |
|
Parakramsinh Jadeja |
|
556000 |
|
Sahadevsinh Jadeja |
|
19200 |
|
Rameshbhai Virani |
|
864000 |
|
Anil B. Virani |
|
4315 |
|
Kishore B. Virani |
|
377060 |
|
|
|
|
|
Total |
|
2607775 |
(AS ON 30.09.2011)
Equity Shares Break – up
|
Category |
|
Percentage |
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|
|
|
|
Directors or relatives of directors |
|
100.00 |
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|
|
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Total
|
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of CNC Machines. |
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Products : |
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Exports : |
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Products : |
CNC Machines |
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Countries : |
· Saudi Arabia · Brazil |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
Germany |
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Terms : |
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Selling : |
Depends |
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Purchasing : |
Depends |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed Capacity |
Actual Production |
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CNC Machines |
Nos. |
1500 |
1566 |
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GENERAL INFORMATION
|
Customers : |
Wholesalers and Manufacturer Major Customers ·
Mahindra ·
RICO ·
Godrej ·
Lagan Jute Machinery Company Limited ·
Amul ·
Harsha ·
Sona Koyo ·
Sonalika International ·
Kirloskar ·
MM Forgins ·
Bhavani Industries Limited ·
C M Smith and Sons Limited ·
Chandan Steel Limited ·
Agrasen Engineering Industries Limited ·
Kadvani Forge Limited ·
Bhairavnath Industries Private Limited ·
Snecma Safran Group ·
Siemens ·
Peugeot |
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No. of Employees : |
1200 (Approximately) |
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Bankers : |
·
Corporation Bank, Main
Branch, Nijanand, Dhaber Road, Rjakot – 360 001, Gujarat, India ·
HDFC Bank Limited, Venkatesh
Plaza, Dr. Radhakrishna Road, Opposite Kathiawar Gymkhana, Rajkot – 360 001,
Gujarat, India ·
Bank of India Para
Bazar, M G Road, Rajkot – 360001, Gujarat, India ·
Bank of Baroda, 1st Floor, BOB Tower, Law Garden, Ahmedabad – 380006, Gujarat, India ·
State Bank of Commercial Branch, Nobel House, Kalawad Road, Rajkot – 360001, Gujarat, India ·
Rajkot Commercial Cooperative Bank Limited ·
Bank of Saurashtra ·
IDBI Bank, |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Kalaria and Sampat Chartered Accountant |
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Address : |
311, Orbit, Moti Tanki, Rajkot – 360001, Gujarat, India |
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PAN No.: |
AACFK2045F |
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Subsidiaries : |
·
Huron ·
Jyoti SAS [ ·
Huron Canada Inc. ·
Huron Frasmaschimen |
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Associates : Associate Firm : |
·
Jyoti Enterprises ·
Jyoti International Private Limited |
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Management Control of
Huron Graffenstaden SAS, |
·
Rolo and |
CAPITAL STRUCTURE
(AS ON 30.09.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Millions |
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13754583 |
Equity Shares |
Rs.10/- each |
Rs.137.546
Millions |
|
|
|
|
|
(AS ON 31.03.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
Rs.10/- each |
Rs.120.000 Millions |
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11146808 |
Equity Shares |
Rs.10/- each |
Rs.111.468
Millions |
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|
|
|
|
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 |
111.468 |
111.468 |
111.468 |
|
|
2] Share Application Money |
128.300 |
129.500 |
108.000 |
|
|
3] Reserves & Surplus |
921.895 |
764.695 |
755.579 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1161.663 |
1005.663 |
975.047 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1673.719 |
1385.422 |
1165.874 |
|
|
2] Unsecured Loans |
202.716 |
218.480 |
217.844 |
|
|
TOTAL BORROWING |
1876.435 |
1603.902 |
1383.718 |
|
|
DEFERRED TAX LIABILITIES |
139.686 |
94.362 |
86.632 |
|
|
|
|
|
|
|
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TOTAL |
3177.784 |
2703.927 |
2445.397 |
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|
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|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1706.202 |
1577.477 |
1254.498 |
|
|
Capital work-in-progress |
0.000 |
38.598 |
102.502 |
|
|
|
|
|
|
|
|
INVESTMENT |
288.290 |
2.059 |
2.059 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
Foreign Currency Monetary Item Translation
Different Account |
0.000 |
0.462 |
3.020 |
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1743.317
|
1254.034
|
889.681 |
|
|
Sundry Debtors |
500.614
|
323.300
|
387.226 |
|
|
Cash & Bank Balances |
74.302
|
75.481
|
52.725 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
413.944
|
468.532
|
485.601 |
|
Total
Current Assets |
2732.177
|
2121.347
|
1815.233 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
1132.427
|
844.830
|
671.343 |
|
|
Other Current Liabilities |
341.456
|
166.282
|
35.828 |
|
|
Provisions |
75.002
|
25.082
|
25.179 |
|
Total
Current Liabilities |
1548.885
|
1036.194
|
732.350 |
|
|
Net Current Assets |
1183.292
|
1085.153
|
1082.883 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.178 |
0.435 |
|
|
|
|
|
|
|
|
TOTAL |
3177.784 |
2703.927 |
2445.397 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3007.203 |
1543.174 |
1430.723 |
|
|
|
Other Income |
288.881 |
74.905 |
31.502 |
|
|
|
TOTAL (A) |
3296.084 |
1618.079 |
1462.225 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material, stores and spares consumed |
|
1142.587 |
1030.581 |
|
|
|
Manufacturing and other direct Expenses |
2744.423 |
147.217 |
134.805 |
|
|
|
Personnel Expenses |
|
112.733 |
89.245 |
|
|
|
Other Expenses |
|
106.362 |
154.942 |
|
|
|
Increase / Decrease in stock |
|
(205.726) |
(258.336) |
|
|
|
TOTAL (B) |
2744.423 |
1303.173 |
1151.237 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
551.661 |
314.906 |
310.988 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
222.335 |
185.278 |
171.152 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
329.326 |
129.628 |
139.836 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
118.879 |
108.234 |
84.413 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
210.447 |
21.394 |
55.423 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
53.257 |
8.375 |
19.234 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
157.190 |
13.019 |
36.189 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
-- |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
Excess
/ short provision of previous year |
-- |
0.043 |
0.035 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
-- |
13.062 |
36.224 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export at FOB Value Earnings |
176.125 |
281.552 |
331.678 |
|
|
TOTAL EARNINGS |
176.125 |
281.552 |
331.678 |
|
|
|
|
|
|
|
|
|
|
Value of Imports
CIF Basis |
799.981 |
475.503 |
464.814 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
14.10 |
1.17 |
3.58 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
4100.000 |
|
|
|
|
|
Expected Sales (2012-13): Rs.5000.000 Millions
The above information has been parted by Mr. Hiren.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
4.77
|
0.80
|
2.47 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.00
|
1.39
|
3.87 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.74
|
0.58
|
1.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.02
|
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.95
|
2.62
|
2.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.76
|
2.05
|
2.48 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
(Rs. In Millions) |
||
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
- Creditors due others |
1132.427 |
844.830 |
671.343 |
|
|
|
|
|
|
Total |
1132.427 |
844.830 |
671.343 |
|
Check list by info
Agents |
Available in Report (Yes/ No) |
|
|
|
|
Year of Establishment |
Yes |
|
Locality of the Firm |
Yes |
|
Constitution of the Firm |
Yes |
|
Premises details |
Yes |
|
Type of Business |
Yes |
|
Line of Business |
Yes |
|
Promoter’s Background |
Yes |
|
No. of Employees |
Yes |
|
Name of Person Contacted |
Yes |
|
Designation of Contact person |
Yes |
|
Turnover of Firm for last three years |
Yes |
|
Profitability for last three years |
Yes |
|
Reasons for variation <> 20% |
----- |
|
Estimation for coming financial year |
Yes |
|
Capital in the business |
Yes |
|
Details of sister concerns |
Yes |
|
Major Suppliers |
No |
|
Major Customers |
Yes |
|
Payments Terms |
Yes |
|
Export/ Imports Details (If applicable) |
Yes |
|
Market Information |
----- |
|
Litigations that the firm/ Promoters Involved in |
----- |
|
Banking details |
Yes |
|
Banking Facility Details |
Yes |
|
Conduct of the Banking Account |
----- |
|
Buyer visit details |
----- |
|
Financials, if provided |
Yes |
|
Incorporation details is applicable |
Yes |
|
Last Accounts filed at ROC |
Yes |
|
Major Shareholders, if available |
Yes |
|
PAN of
Proprietor/Partner/Director, if available |
No |
|
Passport No of
Proprietor/Partner/Director, if available |
No |
|
Voter ID No of
Proprietor/Partner/Director, if available |
Yes |
BUSINESS RESULTS:
Machine tools a
strategic industry, forms the backbone of many if not most of the major sectors
of industrial activity in a country in the traditional manufacturing context. Therefore,
a country such as India which is on the threshold of becoming a major global
industrial and economic power must have a strong, well-developed, robust and
modern machine tool industry to support and assist its manufacturing sector.
The machine tool
industry in India has played and will continue to play a key role in enhancing
competitiveness and enabling development of quality and excellence in the
output of the manufacturing industry and of the Indian economy as a whole. In
India, the machine tool industry supports the strategic development and growth
of the automotive, the white and brown goods, the capital goods industries as
well as strategic sectors such as defence, railways, aerospace, etc. Machine
tools also contribute to the vibrancy of small and medium scale manufacturing
industries, in particular, the millions of job shops in the country.
After a good
2009-10 during which economies across the world showed signs of recovery, the
economic conditions continued to be strong and positive in 2010-11, resulting
in strong growth for the machine tool sector. This has emboldened Indian
Machine Tool Manufacturers Association (IMTMA) to set an ambitious target of
growing at a compound annual growth rate (CAGR) of 25 per cent over the next 10
years.
The size of the industry is expected to be Rs 230000.000 Millions by
2020.
Supported by its
strong distinct product offerings the company recorded sales of Rs.3007.203
Millions as against Rs. 1543.174 Millions during the previous year registering
a growth of 95%. Operating profit before Interest, Depreciation and
Amortization grew by 75% amounting to Rs.551.661 Millions as against Rs.314.905
Millions during the previous year while Net profit before tax grew by a
whopping 884% amounting to Rs.210.447 Millions as against Rs.21.394 Millions
during the previous year.
FINANCE
The secured
borrowings of the Company as on 31st March 2011 stood at Rs.1673.700 Millions.
During the year,
company was sanctioned fresh term loan of Rs.100.000 Millions and Corporate loan
of Rs.200.000 Millions. The Working capital limits of the company were also
enhanced by Rs.200.000 Millions.
Contingent Liability not provided for on account of:
|
Particulars |
31.03.2011 |
31.03.2010 |
|
Letter of Credit |
15.174 |
21.554 |
|
Bank Guarantees |
17.352 |
29.086 |
FORM 8:
|
Corporate
identity number of the company |
U29221GJ1991PTC014914 |
|
Name of the
company |
JYOTI CNC
AUTOMATION PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
G -506 Lodhika GIDC, Vill: Metoda, Rajkot –
360021, Gujarat, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10261448 |
|
Type of charge |
Immovable
Property Book Debts Movable Property Floating Charge Others: Plant and
Machinery |
|
Particular of
charge holder |
Corporation Bank Main Branch,
"Nijanand", Dhebar Road, Rajkot – 360001, Gujarat, India |
|
Nature of
description of the instrument creating or modifying the charge |
- Joint deed of hypothecation. - Common joint
memorandum of agreement for equitable mortgage cum extension. |
|
Date of
instrument Creating the charge |
01/05/2012 |
|
Amount secured by
the charge |
Rs.2.846.619
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest Different rate of
interest for different facility of all the five bankers as per instrument of
charge attached. Terms of
Repayment Cash Credit
repayable on demand and for other facilities as per the respective documents
executed and attached herewith. Margin Different margin
for different facilities of different banks Extent and
Operation of the charge The charge is by
way of Hypothecation on stock of Raw materials, stock-in-process, semi
finished and finished goods, stores and spares, bills receivables, book debts
and all other movables and equitable mortgage on immovable properties more
particularly described in instrument of charge in favour of five charge
holders extends to secure the aggregate credit facilities 2846.619 Millions
together with the interest, costs, commission, charges etc. Others The Corporation
Bank is designated and recognised as the Lead of the Corporation Bank
Consortium and all the other four banks namely Bank of India, State Bank of
India, IDBI Bank and Bank of Baroda are designated as member Bank of the
Corporation Bank Consortium with the consent of all parties to secure the
aggregate credit facilities of Rs.2846.619 Millions and all the terms and
conditions shall be as per the documents executed by and between the borrower
and respective charge holders. |
|
Date of latest
modification prior to the present modification |
21/07/2011 |
|
Particulars of
the present modification |
The limit of
credit facilities granted by the various banks has been enhanced and accordingly
the charge by way of hypothecation and mortgage over properties described in
file attached herewith has been extended in favour of five charge holders to
secure the revised limit of Rs.2846.619 Millions together with the interest,
cost, commission, charges, etc. |
FIXED ASSETS:
· Land
· Building
· Plant and Machinery
· Electric Fittings
· Dies and Tools
· Electrical Installations
· Office Equipments
· 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.55.95 |
|
|
1 |
Rs.86.56 |
|
Euro |
1 |
Rs.67.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
50 |
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.