|
Report Date : |
30.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
AMBER ENTERPRISES INDIA PRIVATE LIMITED |
|
|
|
|
Registered Office : |
C 1, Phase II, Focal Point, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
02.04.1990 |
|
|
|
|
Com. Reg. No.: |
16-10265 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs.16.505 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U28910PB1990PTC010265 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PTLA11313B / PTLA11284A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Air Conditioners, Refrigerators, Washing Machines and
Microwave Oven. |
|
|
|
|
No. of Employees : |
250 Approximately |
RATING & COMMENTS
|
MIRA’s Rating : |
A (65) |
|
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 2700000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well 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.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
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 : |
C 1, Phase II, Focal Point, |
|
Tel. No.: |
91-1762-22646 / 230570 |
|
Mobile No. : |
91-9718521500 (Mr. Birinder) |
|
Fax No.: |
91-1762-25570 |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
C-38, Ecotech Part-2, Udyog Vihar, Noida –
201 305, |
|
|
|
|
Factory 2 : |
P5/2, Upside Industrial Area, Sela Qui, India |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Kartar Singh |
|
Designation : |
Whole Time Director |
|
Address : |
20-A, SBS Colony, Rajpura – 140 401, |
|
Date of Birth/Age : |
02.08.1947 |
|
Date of Appointment : |
30.09.2010 |
|
DIN No.: |
00183326 |
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 |
U28939PB1989PTC009006 |
ACME
FABRICATIONS PRIVATE LIMITED |
Managing
director |
24-01-89 |
24-01-89 |
- |
Active |
NO |
|
2 |
U28910PB1990PTC010265 |
AMBER
ENTERPRISES INDIA PRIVATE LIMITED |
Whole-time
director |
30-09-10 |
02-04-90 |
- |
Active |
NO |
|
3 |
U29191PB1998PTC021062 |
ACAMA
APPLIANCES PRIVATE LIMITED |
Director |
10-02-98 |
10-02-98 |
- |
Active |
NO |
|
4 |
U00072PB2005PTC029176 |
AMBER
AVIATION (INDIA) PRIVATE LIMITED |
Director |
14-11-05 |
14-11-05 |
- |
Active |
NO |
|
5 |
U29190PB2004PTC027594 |
AMRIT
AIRCON SYSTEM PRIVATE LIMITED |
Director |
08-05-06 |
08-05-06 |
- |
Active |
NO |
|
6 |
U01120PB2007PTC031196 |
AMBER
ORGANIC FARMING PRIVATE LIMITED |
Director |
11-06-07 |
11-06-07 |
- |
Active |
NO |
|
7 |
U74120UR2010PTC033101 |
AMBER
INFRACON AND ENERGY INDIA PRIVATE LIMITED |
Director |
23-03-10 |
23-03-10 |
- |
Active |
NO |
|
Name : |
Mr. Jasbir Singh |
|
Designation : |
Managing Director |
|
Address : |
20-A, SBS Colony, Rajpura – 140 401, |
|
Date of
Birth/Age : |
28.05.1975 |
|
Date of
Appointment : |
30.09.2010 |
|
DIN No. : |
00259632 |
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 |
U28910PB1990PTC010265 |
AMBER
ENTERPRISES INDIA PRIVATE LIMITED |
Managing
director |
30-09-10 |
01-10-04 |
Active |
NO |
|
2 |
U00072PB2005PTC029176 |
AMBER
AVIATION (INDIA) PRIVATE LIMITED |
Managing
director |
01-12-08 |
14-11-05 |
Active |
NO |
|
3 |
U01120PB2007PTC031196 |
AMBER
ORGANIC FARMING PRIVATE LIMITED |
Director |
11-06-07 |
11-06-07 |
Active |
NO |
|
4 |
U74120UR2010PTC033101 |
AMBER
INFRACON AND ENERGY INDIA PRIVATE LIMITED |
Director |
23-03-10 |
23-03-10 |
Active |
NO |
|
5 |
U55101DL2009PTC196079 |
HARVEST
HOTELS AND SERVICED APARTMENTS PRIVATE LIMITED |
Director |
30-12-10 |
20-10-10 |
Active |
NO |
|
6 |
U29190PB2004PTC027594 |
AMRIT
AIRCON SYSTEM PRIVATE LIMITED |
Director |
15-09-11 |
31-08-11 |
Active |
NO |
|
Name : |
Mr. Sukhmani Lakhat |
|
Designation : |
Director |
|
Address : |
20-A, SBS Colony, Rajpura – 140 401, |
|
Date of Birth/Age
: |
27.11.1979 |
|
Date of
Appointment : |
01.10.2009 |
|
DIN No. : |
02738985 |
|
|
|
|
Name : |
Mr. Daljit Singh |
|
Designation : |
Director |
|
Address : |
20-A, SBS Colony, Rajpura, Patiala-140401, Punjab, India |
|
Date of Appointment : |
01.01.2008 |
|
DIN No.: |
02023964 |
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 |
U28910PB1990PTC010265 |
AMBER
ENTERPRISES INDIA PRIVATE LIMITED |
Director |
30-09-08 |
01-01-08 |
Active |
NO |
|
2 |
U29190PB2004PTC027594 |
AMRIT
AIRCON SYSTEM PRIVATE LIMITED |
Director |
15-09-11 |
31-08-11 |
Active |
NO |
|
Name : |
Mr. Kirpal Singh |
|
Designation : |
Director |
|
Address : |
Vill. Buta Singh Wala, P.O. Banur, Tehsil Rajpura, |
|
Date of Appointment : |
27.09.1991 |
|
DIN No.: |
00483171 |
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 |
U28910PB1990PTC010265 |
AMBER
ENTERPRISES INDIA PRIVATE LIMITED |
Director |
27-09-91 |
27-09-91 |
Active |
NO |
|
2 |
U01120PB2007PTC031196 |
AMBER
ORGANIC FARMING PRIVATE LIMITED |
Director |
11-06-07 |
11-06-07 |
Active |
NO |
|
Name : |
Ms. Poonam Garg |
|
Designation : |
Additional Director |
|
Address : |
A-802, The New Cosmopolitan Apartment, Plot No.33, Sector-10, Dwarka,
New Delhi-1110075, India |
|
Date of Appointment : |
10.09.2011 |
|
DIN No.: |
00049894 |
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 |
L74899HR1991PLC032873 |
NARAINGARH
SUGAR MILLS LIMITED |
Director |
14-11-06 |
14-11-06 |
23-04-07 |
Active |
NO |
|
2 |
U85110AS1985PLC002447 |
G N
R C LIMITED |
Nominee
director |
14-11-06 |
14-11-06 |
22-12-08 |
Active |
NO |
|
3 |
U74999DL2000PLC106206 |
SATYAM
CINEPLEXES LIMITED |
Nominee
director |
14-09-09 |
05-02-09 |
17-06-11 |
Active |
NO |
|
4 |
U29130TN1959PLC003951 |
GUINDY
MACHINE TOOLS LIMITED |
Nominee
director |
28-08-09 |
28-08-09 |
27-04-10 |
Active |
NO |
|
5 |
U31902GJ2009PLC056235 |
DE
CORE NANOSEMICONDUCTORS LIMITED. |
Nominee
director |
30-03-10 |
30-03-10 |
- |
Active |
NO |
|
6 |
U31200AP1995PLC019206 |
TITAN
ENERGY SYSTEMS LIMITED |
Nominee
director |
19-10-10 |
19-10-10 |
- |
Active |
NO |
|
7 |
U31506UP2001PLC043372 |
DE
CORE SCIENCE AND TECHNOLOGIES LIMITED |
Nominee
director |
30-09-11 |
24-03-11 |
- |
Active |
NO |
|
8 |
U36104CT1988PLC004711 |
MINWOOL
ROCK FIBERS LIMITED |
Nominee
director |
23-07-11 |
23-07-11 |
- |
Active |
NO |
|
9 |
U28910PB1990PTC010265 |
AMBER
ENTERPRISES INDIA PRIVATE LIMITED |
Nominee
director |
30-09-11 |
10-09-11 |
- |
Active |
NO |
|
10 |
L29120MP1995PLC009327 |
SHAKTI
PUMPS (INDIA) LIMITED |
Nominee
director |
18-01-12 |
18-01-12 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Kartar Singh |
1480320 |
|
Kirpal Singh |
456800 |
|
Jasbir Singh |
6685840 |
|
Daljit Singh |
5700880 |
|
Total |
14323840 |
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 of Air Conditioners, Refrigerators, Washing Machines and
Microwave Oven. |
|
|
|
|
Products : |
·
Air Conditioners ·
Refrigerators ·
Washing Machines |
GENERAL INFORMATION
|
No. of Employees : |
250 (Approximately) |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
DBS Bank Limited, Upper Ground Floor, Birla Tower, 25, Barakhamba
Road, New Delhi-110001, India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R. K. Pahwa and Company |
|
Address : |
Chartered Accountant |
|
Tel. No.: |
71, Dalima Vihar, Rajpura – 140 401, |
|
Mobile No.: |
91-1762-223217 |
|
Pan No.: |
AANPP1642C |
|
|
|
|
Associates: |
Amber Aviation
(India) Private Limited CIN No.:-
U00072PB2005PTC029176 Acama Appliances
Private Limited CIN No.:-
U29191PB1998PTC021062 Amrit Aircon
System Private Limited CIN No.:-
U29190PB2004PTC027594 Amber Organic
Farming Private Limited CIN No.:-
U01120PB2007PTC031196 Acme
Fabrications Private Limited CIN No.:-
U28939PB1989PTC009006 Amber Infracon
And Energy India Private Limited CIN No.:-
U74120UR2010PTC033101 |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1650480 |
Equity Shares |
Rs.10/- each |
Rs. 16.505
Millions |
|
|
|
|
|
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs. 150.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14323840 |
Equity Shares |
Rs.10/- each |
Rs. 143.238
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 (Consolidated) |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
16.505 |
16.505 |
16.505 |
|
|
2] Share Application Money |
1.400 |
1.400 |
1.400 |
|
|
3] Reserves & Surplus |
658.222 |
863.464 |
690.107 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
676.127 |
881.369 |
708.012 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1188.958 |
286.400 |
162.372 |
|
|
2] Unsecured Loans |
0.067 |
0.067 |
1.067 |
|
|
TOTAL BORROWING |
1189.025 |
286.467 |
163.439 |
|
|
DEFERRED TAX LIABILITIES |
22.462 |
17.127 |
10.035 |
|
|
|
|
|
|
|
|
TOTAL |
1887.614 |
1184.963 |
881.486 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
987.164 |
1033.997 |
772.997 |
|
|
Capital work-in-progress |
264.537 |
23.800 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
9.940 |
14.750 |
14.750 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
712.377
|
685.926
|
351.695 |
|
|
Sundry Debtors |
494.888
|
435.524
|
487.151 |
|
|
Cash & Bank Balances |
62.734
|
100.473
|
32.175 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
159.036
|
119.172
|
168.863 |
|
Total
Current Assets |
1429.035
|
1341.095 |
1039.884 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
1162.372
|
904.110 |
|
|
Other Current Liabilities |
845.456
|
54.774
|
34.362 |
|
|
Provisions |
4.739
|
14.700
|
8.258 |
|
Total
Current Liabilities |
850.195
|
1231.846 |
946.730 |
|
|
Net Current Assets |
578.840
|
109.249
|
93.154 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
2.424 |
3.167 |
0.585 |
|
|
OTHER ASSETS |
44.709 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1887.614 |
1184.963 |
881.486 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 (Consolidated) |
31.03.2009 (Consolidated) |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5593.079 |
5430.830 |
3582.613 |
|
|
|
Other Income |
14.639 |
11.366 |
52.076 |
|
|
|
TOTAL (A) |
5607.718 |
5442.196 |
3634.689 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
4768.419 |
0.000 |
0.000 |
|
|
|
Manufacturing and Other Expenses |
0.000 |
5291.340 |
3551.495 |
|
|
|
Preliminary Expenses |
0.000 |
0.372 |
0.076 |
|
|
|
Increase / Decrease in Closing Stock |
0.000 |
(156.991) |
(43.658) |
|
|
|
TOTAL (B) |
4768.419 |
5134.721 |
3507.913 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
839.299 |
307.475 |
126.776 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
33.215 |
11.224 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
839.299 |
274.260 |
115.552 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
88.123 |
55.679 |
34.689 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
751.176 |
218.581 |
80.863 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
574.148 |
45.223 |
11.034 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
177.028 |
173.358 |
69.829 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
291.969 |
222.140 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
465.327 |
291.969 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
107.26 |
105.03 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.16
|
3.19
|
1.92 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
13.43
|
4.02
|
2.26 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
31.09
|
9.20
|
4.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.11
|
0.25
|
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.05
|
1.72
|
1.57 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.68
|
1.09
|
1.10 |
LOCAL AGENCY FURTHER INFORMATION
PERFORMANCE
The performance of
the company was encouraging during the year. The company made a turnover of
Rs.5593.100 Millions during the year as compared to a turnover of Rs. 5430.800
Millions made during the previous year. On year to year basis the turnover
increased by %. On profitability front also the company achieved new heights.
It made a profit (before tax) of Rs.230.018 Millions during the year as
compared to Rs. 218.581 Millions earned during the immediately preceding
previous year, which shows a handsome growth. The directors assure that they
will continue to work hard to achieve new heights in the performance of the
company.
FORM 8
|
Corporate
identity number of the company |
U28910PB1990PTC010265 |
|
Name of the
company |
AMBER ENTERPRISES
INDIA PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
C 1, Phase II, Focal Point, |
|
This form is for |
Modification of charge |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
DBS Bank Limited, Upper Ground Floor, Birla Tower, 25, Barakhamba
Road, New Delhi-110001, India |
|
Nature of
instrument creating charge |
Extension of
Mortgage by deposit of title deeds dated 18th October, 2011. |
|
Date of
instrument Creating the charge |
18.10.2011 |
|
Amount secured by
the charge |
Rs. 400.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest As agreed between
the parties. Terms of repayment As agreed between
the parties. Margin As agreed between
the parties. Extent and operation of the charge Extension of
Equitable Mortgage by deposit of title deeds over immovable property of the
borrower to secure the credit facilities. |
|
Short particulars
of the property charged (Including location of the property) |
1.
Immovable
property situated at D-36,37,38 Industrial Area at Selaqul, Pargana/Tehsil,
Dehradun admeasuring area 13450 Square mtrs, 2.
Immovable
property situated at C-1, Phase-II, Focal Point, Rajpura, Patiala, Punjab admeasuring
area 5865.55 Square Yards together with all the buildings and structures
thereon along with all plant and machinery attached to the earth permanently
fastened to anything attached to the earth and bounded. |
|
Charge
identification number of the charge to be modified |
10285501 |
|
Particulars of
the present modification |
The charge was
further secured by way of by Extension of Equitable mortgage by deposit of
title deeds in favour of the Lender over the immovable properties of the
Company situated at: 1.
D-36,37,38
Industrial Area at Selaqul, Pargana/Tehsil, Dehradun admeasuring area 13450
Square mtrs, 2.
C-1,
Phase-II, Focal Point, Rajpura, Patiala, Punjab admeasuring area 5865.55
Square Yards and All other terms
and Conditions remains the same. |
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. 51.14 |
|
|
1 |
Rs. 81.41 |
|
Euro |
1 |
Rs. 68.22 |
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 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
65 |
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.