Business
information report
1. Summary Information
|
|
|
Country |
|
|
Company Name |
OM STEEL TUBE LIMITED |
Principal Name 1 |
Mr. Vivek Gupta |
|
Status |
Moderate |
Principal Name 2 |
Mr. Vineet Gupta |
|
|
|
Registration # |
55-009770 |
|
Street Address |
33, |
||
|
Established Date |
01.08.1979 |
SIC Code |
-- |
|
Telephone# |
91-11-41047705 |
Business Style 1 |
Manufacturer |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
Not Available |
Product Name 1 |
Stainless steel tubes |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 45,840,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate (25.00%) Directors or relatives of directors (75.00%) |
Banking |
Kotak Mahindra
Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
33 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (30) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
|
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
31,468,000 |
Current Liabilities |
15,915,000 |
|
Inventories |
45,269,000 |
Long-term Liabilities |
50,066,000 |
|
Fixed Assets |
58,966,000 |
Other Liabilities |
1,172,000 |
|
Deferred Assets |
000 |
Total Liabilities |
67,153,000 |
|
Invest& other Assets |
187,000 |
Retained Earnings |
22,897,000 |
|
|
|
Net Worth |
68,737,000 |
|
Total Assets |
135,890,000 |
Total Liab. & Equity |
135,890,000 |
|
Total Assets (Previous Year) |
115,378,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
109,128,000 |
Net Profit |
3,425,000 |
|
Sales(Previous yr) |
92,352,000 |
Net Profit(Prev.yr) |
5,951,000 |
|
Report Date : |
30.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
OM STEEL TUBE LIMITED |
|
|
|
|
Registered
Office : |
33, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
01.08.1979 |
|
|
|
|
Com. Reg. No.: |
55-009770 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 45.840 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27102DL1979PLC009770 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELO00918B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Stainless Steel Pipes and Capillary Tubes. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 200000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Profitability
appears to be low. Trade relations are reported as fair. Business is active.
Payments are reported to be slow. The company can be considered for business dealings with some caution. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
|
|
|
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
33, |
|
Tel. No.: |
91-11-41047705 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Head Office : |
Flat No. G – 2, House No. 3, Road No. 83, West Punjabi Bagh, |
|
Tel. No.: |
91-11-41047704-07 |
|
Fax No.: |
91-11-25225605 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Dharuhera (Joniawas) Distt. Rewari, |
|
Tel. No.: |
91-1274-267182 / 267183 |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Vivek Gupta |
|
Designation : |
Managing director |
|
Address : |
33, |
|
Date of Birth/Age : |
09.11.1967 |
|
Date of Appointment : |
30.08.1995 |
|
DIN No.: |
00908621 |
Other Directorship :
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
L74899DL1993PLC055507 |
OM SECURITIES
LIMITED |
Whole-time
director |
01-10-08 |
04-10-93 |
Active |
NO |
|
2 |
U27102DL1979PLC009770 |
OM STEEL TUBE
LTD |
Managing
director |
01-10-08 |
30-08-95 |
Active |
NO |
|
Name : |
Mr. Vineet Gupta |
|
Designation : |
Whole-time director |
|
Address : |
33, |
|
Date of Birth/Age : |
06.06.1969 |
|
Date of Appointment : |
07.12.1995 |
|
DIN No.: |
00908619 |
Other Directorship :
]
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
L74899DL1993PLC055507 |
OM SECURITIES
LIMITED |
Managing
director |
01-10-08 |
04-10-93 |
Active |
NO |
|
2 |
U27102DL1979PLC009770 |
OM STEEL TUBE
LTD |
Whole-time
director |
01-10-08 |
07-12-95 |
Active |
NO |
|
Name : |
Mr. Deshpal Gupta |
|
Designation : |
Whole-time director |
|
Address : |
33, |
|
Date of Birth/Age : |
12.06.1945 |
|
Date of Appointment : |
13.08.1986 |
|
DIN No.: |
00905829 |
|
Name : |
Mrs. Rajni Gupta |
|
Designation : |
Whole-time director |
|
Address : |
33, |
|
Date of Birth/Age : |
26.02.1968 |
|
Date of Appointment : |
07.12.1995 |
|
DIN No.: |
00905828 |
|
Name : |
Mr. Rama Gupta |
|
Designation : |
Whole-time director |
|
Address : |
33, |
|
Date of Birth/Age : |
30.08.1941 |
|
Date of Appointment : |
07.12.1995 |
|
DIN No.: |
00905824 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2011)
|
Names of Shareholders |
|
No. of Shares |
|
Hari Krishan Gupta |
|
9025 |
|
Janak Raj Gupta (HUF) |
|
8145 |
|
Sushil Kumar Gupta |
|
6455 |
|
Deshpal Gupta (HUF) |
|
5955 |
|
Vandana Gupta |
|
5035 |
|
Rama Gupta |
|
6895 |
|
Mohit Gupta |
|
6700 |
|
Uma Gupta |
|
5600 |
|
Sita Gupta |
|
5300 |
|
Pritam Dai |
|
5195 |
|
Indrawati |
|
4500 |
|
|
|
6580 |
|
Deepali Gupta |
|
5400 |
|
Geetanjali Gupta |
|
4350 |
|
Kapil Gupta |
|
6200 |
|
Arti Gupta |
|
6055 |
|
Vineet Gupta |
|
6050 |
|
Sohan Dai |
|
1250 |
|
Sudha Gupta |
|
1000 |
|
Pokhar Mal |
|
3300 |
|
Lala Ram Gupta |
|
1575 |
|
Yogesh Kumar |
|
3150 |
|
Mishi Gupta |
|
4150 |
|
Sushil Kumar Gupta |
|
6200 |
|
Shyam Sunder |
|
4450 |
|
R.K. Mittal |
|
1025 |
|
Shri
Chand |
|
2550 |
|
Nihal Chand |
|
2350 |
|
Ram Prakash |
|
2500 |
|
Paras Ram |
|
2950 |
|
Nanak Chand |
|
2600 |
|
Mahabir Parshad Mittal |
|
2700 |
|
Om Securities Limited, |
|
100000 |
|
Gopi Securities |
|
11000 |
|
Chhavi Investments P , |
|
7000 |
|
Money Flow |
|
7000 |
|
Riwaaz Investments , |
|
8000 |
|
Expressions |
|
7000 |
(AS ON 30.09.2011)
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Bodies corporate |
|
25.00 |
|
Directors or relatives of directors |
|
75.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Stainless Steel Pipes and Capillary Tubes. |
|
|
|
|
Products : |
Stainless Steel Tubes |
PRODUCTION STATUS
|
Particulars |
Unit |
As
on 31.03.2011 |
|
|
|
|
|
Licensed Capacity |
M.T. |
500 |
|
Installed Capacity |
M.T. |
500 |
|
Actual
Production |
|
|
|
a) Stainless steel tubes |
|
|
|
Finished Goods |
M.T. |
261.709 |
|
Increase / (Decrease) Semi Finished Goods |
M.T. |
19.118 |
|
|
|
|
|
b) Stainless steel Seamless tubes |
|
|
|
Finished Goods |
M.T. |
-- |
|
Increase / (Decrease) Semi Finished Goods |
M.T. |
-- |
|
|
|
|
|
c) Scrap |
M.T. |
80.048 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
Kotak Mahindra Bank
Limited, 36-38A, Nariman Bhavan, 227,D, Nariman Point, Mumbai - 400021,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||
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|
Facilities : |
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
T. Dhingra and Company Chartered Accountants |
|
Address : |
Cottage-13A, Flat G-5, West Patel Nagar, |
|
Qualification : |
B.Com, FCA |
|
Tel. No.: |
91-11-25875682/25872682 |
|
Mobile No.: |
91-9810070394 |
|
PAN NO.: |
AAJPD9440Q |
CAPITAL STRUCTURE
(AS ON 31.03.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Share |
Rs.100/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
458400 |
Equity Share |
Rs.100/- each |
Rs. 45.840 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 |
45.840 |
45.840 |
45.840 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
22.897 |
19.472 |
13.521 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
68.737 |
65.312 |
59.361 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
15.936 |
8.443 |
3.973 |
|
|
2] Unsecured Loans |
34.130 |
22.343 |
20.981 |
|
|
TOTAL BORROWING |
50.066 |
30.786 |
24.954 |
|
|
DEFERRED TAX LIABILITIES |
1.172 |
0.763 |
0.258 |
|
|
|
|
|
|
|
|
TOTAL |
119.975 |
96.861 |
84.573 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
58.966 |
45.429 |
44.171 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.187 |
0.187 |
0.187 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
45.269
|
35.319 |
30.883 |
|
|
Sundry Debtors |
23.146
|
27.026 |
23.975 |
|
|
Cash & Bank Balances |
2.243
|
2.515 |
3.155 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
6.079
|
4.902 |
3.095 |
|
Total
Current Assets |
76.737
|
69.762 |
61.108 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
14.436
|
17.140 |
19.265 |
|
|
Other Current Liabilities |
1.479
|
1.377 |
1.415 |
|
|
Provisions |
0.000
|
0.000 |
0.213 |
|
Total
Current Liabilities |
15.915
|
18.517 |
20.893 |
|
|
Net Current Assets |
60.822
|
51.245 |
40.215 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
119.975 |
96.861 |
84.573 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
109.128 |
92.352 |
73.834 |
|
|
|
Other Income |
0.590 |
0.483 |
4.466 |
|
|
|
TOTAL |
109.718 |
92.835 |
78.300 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
64.927 |
54.241 |
46.653 |
|
|
|
Increase / (Decrease) in Inventories |
(9.270) |
(3.892) |
0.441 |
|
|
|
Manufacturing Expenses |
27.763 |
20.485 |
16.661 |
|
|
|
Remuneration to Employees |
2.855 |
2.305 |
1.875 |
|
|
|
Adm, Selling and Other Overheads |
13.601 |
8.024 |
7.347 |
|
|
|
Purchases (Sales Return) |
0.761 |
0.103 |
0.316 |
|
|
|
Loss on |
0.564 |
0.044 |
0.000 |
|
|
|
TOTAL |
101.201 |
81.310 |
73.293 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
8.517 |
11.525 |
5.007 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.742 |
2.137 |
2.067 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
5.775 |
9.388 |
2.940 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.350 |
3.437 |
0.476 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
3.425 |
5.951 |
2.464 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEAR
ADJUSTMENTS |
0.000 |
0.000 |
0.017 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
12.141 |
6.190 |
3.709 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
15.566 |
12.141 |
6.190 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
14.483 |
7.192 |
3.369 |
|
|
TOTAL EARNINGS |
14.483 |
7.192 |
3.369 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
8.791 |
10.838 |
1.849 |
|
|
|
Stores & Spares |
0.000 |
0.436 |
0.766 |
|
|
|
Capital Goods |
8.716 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
17.507 |
11.274 |
2.615 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.47 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.12
|
6.41 |
3.15 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.29
|
10.17 |
3.98 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.26
|
8.15 |
2.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.14 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.98
|
0.77 |
0.78 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.82
|
3.77 |
2.92 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
Type of Business |
Yes |
|
Line of Business |
Yes |
|
Promoter’s Background |
Yes |
|
No. of Employees |
No |
|
Name of Person Contacted |
No |
|
Designation of Contact person |
No |
|
Turnover of Firm for last three years |
Yes |
|
Profitability for last three years |
Yes |
|
Reasons for variation <> 20% |
--------- |
|
Estimation for coming financial year |
No |
|
Capital in the business |
No |
|
Details of sister concerns |
No |
|
Major Suppliers |
No |
|
Major Customers |
No |
|
Payments Terms |
No |
|
Export/ Imports Details (If applicable) |
No |
|
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 |
FINANCIAL RESULTS:
During the period, the company earned a net profit of Rs.
3.425 Millions as against the previous year’s net profit of Rs. 5.951 Millions.
The Turnover/ Sales of S.S. Tubes/ Pipes has increased from Rs. 92.352 Millions for the year 2009-10
of Rs. 109.128 Millions for the year which is a increase of about 18%. The
prospects in the coming years seem to be very bright and it is hoped that in
the neat future, the company shall be able to reap substantial benefits.
PROSPECTS:
The company has bright prospects in the Indian market with ever increasing demand for the various kinds of Stainless Steel Tubes manufactured by the company. The products of the company are being well accepted in European markets and they foresee good growth prospects in coming year.
FORM 8
|
Corporate
identity number of the company |
U27102DL1979PLC009770 |
|
Name of the
company |
OM STEEL TUBE
LIMITED |
|
Address of the registered
office or of the principal place of
business in |
33, |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10261201 |
|
Type of charge |
Immovable property Book Debts Movable Property Others |
|
Particular of
charge holder |
Kotak Mahindra
Bank Limited, 36-38A, Nariman Bhavan, 227,D, Nariman Point, Mumbai - 400021,
Maharashtra, India Email: john.fernandes@kotak.com |
|
Nature of
description of the instrument creating or modifying the charge |
1. Supplementary
Deed of Hypothecation. 2. Memorandum of
Entry for Mortgage by Constructive Delivery of Title Deeds. |
|
Date of
instrument Creating the charge |
11.03.2011 |
|
Amount secured by
the charge |
Rs. 35.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest OD / TL I / TL II-
Floating over t~he tenure of the facility. The ROI has been arrived at on the
basis of the Bank's Benchmark PLR. WCDL - As deemed
fit by the Bank at the time of disbursement. Terms of
Repayment TL I - Maximum 36
months (7 EMIs already paid) TL II - Maximum
36 months. LCC - Repayment
by way of disbursement of Term Loan of Rs. 2.500 Millions from the Borrower's
own sources or debit to current account of Borrower. WCDL - On demand
as per terms and conditions as deemed fit by the Bank. Margin TL I - 25% TL II - 30% LC I/II / LCC -
Minimum cash margin of 10% shall be provided upfront in the form of FD. Lien shall be
marked on the Fixed Deposit in favour of the Bank. WCDL - On demand
as per terms and conditions as deemed fit by the Bank. Extent and Operation
of the charge 1. First and
exclusive charge by way of Hypothecation of Current assets and Movable fixed
assets present and future of the Borrower, in favour of Kotak Mahindra bank
as security for repayment of financial facilities granted by the Bank to the Borrower. 2. First and
exclusive charge by way of Mortgage on Immovable property of the company, in
favour of Kotak Mahindra bank as security for repayment of financial
facilities granted by the Bank to the company. |
|
Short particulars
of the property charged |
The whole of
Borrower's Current assets and Movable fixed assets both present and future as
described in Schedule to the Supplemetary Deed of Hypothecation. All that piece
and parcel of land adms. 116, Khatoni No. 128, Mustatil No.128 and 03, Killa
No. 6(2-6), 15(6-10), 16(8-0), 17(4-8), Mustatil No. 04, 9(2-0), 10(8-0),
11(8-0), 12(6-10). 16(2-4), 20(8-0),
10 Killa, 58 Kanal, 1 Marla, situated at Moja Malpura, Rewari. |
|
Date of latest
modification prior to the present modification |
02.02.2011 |
|
Particulars of
the present modification |
Bank had granted
facilities of Rs. 15.000 Millions to the Borrower which was secured by way
Hypothecation on Current assets on 31/12/2010. said charge was modified from
time to time, additional security was offered by Mortgage on Immovable
properties and the said charge was modified accordingly. Now by this
modification bank has granted additional facility of Rs. 2.500 Millions and
the said charge is modified by way of Hypothecation as well as Mortgage and
extended to the revised facility of Rs. 35.000 Millions. |
FIXED ASSETS:
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. 56.31 |
|
|
1 |
Rs. 88.06 |
|
Euro |
1 |
Rs. 70.91 |
INFORMATION DETAILS
|
Report Prepared by
: |
ACH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YE |
|
TOTAL |
|
30 |
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.