1. Summary Information
|
|
|
Country |
|
|
Company Name |
EPCOS INDIA
PRIVATE LIMITED |
Principal Name 1 |
Mr. Tushar Kanta
Mishra |
|
Status |
sSatisfactory |
Principal Name 2 |
Mr. Hari Shankar Banerjee |
|
|
|
Registration # |
21-030763 |
|
Street Address |
Kulia Kancharapara, P.O. Netaji Subhash Sanatorium, Kalyani, Nadia -
741251, West |
||
|
Established Date |
08.11.1976 |
SIC Code |
-- |
|
Telephone# |
91-253-2205103 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-253-2353761 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Capacitors |
|
|
# of employees |
Not Available |
Product Name 2 |
Solar Modules |
|
Paid up capital |
Rs.886,014,000/- |
Product Name 3 |
Metallised Film
Capacitors |
|
Shareholders |
Foreign holdings-100% |
Banking |
Citi Bank |
|
Public Limited Corp. |
NO |
Business Period |
36 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (46) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding
Company |
|
EPCOS
AG |
- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,681,877,000 |
Current Liabilities |
1,120,414,000 |
|
Inventories |
965,316,000 |
Long-term Liabilities |
1,908,070,000 |
|
Fixed Assets |
1,663,622,000 |
Other Liabilities |
106,767,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
3,135,251,000 |
|
Invest& other Assets |
234,151,000 |
Retained Earnings |
523,701,000 |
|
|
|
Net Worth |
1,409,715,000 |
|
Total Assets |
4,544,966,000 |
Total Liab. & Equity |
4,544,966,000 |
|
Total Assets (Previous Year) |
3,647,479,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
5,770,373,000 |
Net Profit |
254,095,000 |
|
Sales(Previous yr) |
4,537,200,000 |
Net Profit(Prev.yr) |
208,663,000 |
MIRA
INFORM REPORT
|
Report Date : |
18.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
EPCOS INDIA
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Kulia Kancharapara, P.O. Netaji Subhash Sanatorium, Kalyani, Nadia -
741251, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
08.11.1976 |
|
|
|
|
Com. Reg. No.: |
21-030763 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.886.014
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U92131WB1976PTC030763 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NSKE00321G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of
Capacitors, Solar Modules, Metallised Film Capacitors, etc |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 5600000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a 100%
subsidiary of EPCOS AG, It 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. In view of strong
parent company, the subject can be considered 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.
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 : |
Kulia Kancharapara, P.O. Netaji Subhash Sanatorium, Kalyani, Nadia -
741251, West |
|
Tel. No.: |
91-253-2205103 /
2353756/ 2353760 / 33-25891410 |
|
Fax No.: |
91-253-2353761 /
33-25891418 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory/
Godown : |
Plot No. E-22/25,
MIDC Industrial Area, Satpur, Nasik-422007, |
|
Tel. No. |
91-253-2353756 |
|
Fax No. |
91-253-2353761 |
|
Area : |
24000 sq. mtrs.
(Owned) |
|
|
|
|
Branches : |
Located at :
|
DIRECTORS
As on: 06.09.2011
|
Name : |
Mr. Tushar Kanta
Mishra |
|
Designation : |
Director |
|
Address : |
217-A, |
|
Date of Birth/Age : |
25.09.1936 |
|
Date of Appointment : |
30.09.2002 |
|
DIN No.: |
00112178 |
|
|
|
|
Name : |
Mr. Hari Shankar
Banerjee |
|
Designation : |
Director |
|
Address : |
G 18 and 19, Serene Meadows, |
|
Date of Birth/Age : |
05.07.1958 |
|
Date of Appointment : |
22.02.2001 |
|
DIN No.: |
00041860 |
|
|
|
|
Name : |
Mr. Balakrishnan Natarajan
|
|
Designation : |
Managing Director |
|
Address : |
A 804, Mantri Elegance, N S Palya, |
|
Date of Birth/Age : |
01.06.1957 |
|
Date of Appointment : |
01.10.2012 |
|
DIN No.: |
00112332 |
|
|
|
|
Name : |
Mr. Nagesh Vishnu
Nadig |
|
Designation : |
Director |
|
Address : |
3rd
Floor, Adimay 55, Navshya Ganpati, Sector B, |
|
Date of Birth/Age : |
23.06.1962 |
|
Date of Appointment : |
17.09.2008 |
|
DIN No.: |
02340175 |
|
|
|
|
Name : |
Mr. Werner Faber |
|
Designation : |
Director |
|
Address : |
Ganghoferstr 19, |
|
Date of Birth/Age : |
24.09.1948 |
|
Date of Appointment : |
25.01.2010 |
|
DIN No.: |
02946367 |
KEY EXECUTIVES
|
Name : |
Mr. Jayesh Kumar
Thakkar |
|
Designation : |
Secretary |
|
Address : |
D – 1, Atharva
Bungalows, Kale Nagar, |
|
Date of Birth/Age : |
23.09.1977 |
|
Date of Appointment : |
09.12.2008 |
|
PAN No : |
ADNPT6321K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 06.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
EPCOS AG, |
|
88601337 |
|
EPCOS AG Jointly with EPCOS Electronic Components S.
A., |
|
42 |
|
|
|
|
|
Total |
|
88601379 |
Equity Share Break up (Percentage of Total Equity)
As on: 06.09.2011
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
Capacitors, Solar Modules, Metallised Film Capacitors, etc |
PRODUCTION STATUS (31.03.2011)
|
Particulars |
Unit |
Actual
Production |
|
AC
Capacitors and Sprayed Coils |
Nos |
31130 |
|
Moralized
Film |
Kgs |
1765 |
|
DC
Capacitors |
Nos |
233645 |
|
Soft
Ferities |
Kgs |
3054 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
·
Deutsche Bank, Hazarimal Somani Marg, Near Sterling
Cinema, Fort, Mumbai – 400 001, ·
Citi Bank, 2413, Kumar Capital, |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
S. R. Batliboi and Company Chartered Accountants |
|
Address : |
C-401, 4th Floor, Panchshil Tech park, Yerwada, Pune-411
006, |
|
PAN.: |
AALFS0506L |
|
|
|
|
Holding
Company : |
|
|
|
|
|
Ultimate
Holding : |
|
|
|
|
|
Fellow
Subsidiaries : |
|
CAPITAL STRUCTURE
As on: 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
90000000 |
Equity Shares |
Rs.10/- each |
Rs.900.000 millions |
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
|
|
88601379 |
Equity Shares |
Rs.10/- each |
Rs.886.014 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 |
886.014 |
886.014 |
886.014 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
523.701 |
269.606 |
60.943 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1409.715 |
1155.620 |
946.957 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
535.000 |
698.020 |
724.380 |
|
|
2] Unsecured Loans |
1373.070 |
840.516 |
1142.519 |
|
|
TOTAL BORROWING |
1908.070 |
1538.536 |
1866.899 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
6.658 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3317.785 |
2700.814 |
2813.856 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1663.622 |
1394.300 |
1553.435 |
|
|
Capital work-in-progress |
222.245 |
179.231 |
139.227 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
965.316
|
683.083
|
662.755
|
|
|
Sundry Debtors |
1152.466
|
1061.696
|
773.515
|
|
|
Cash & Bank Balances |
216.345
|
66.774
|
76.654
|
|
|
Other Current Assets |
0.000
|
0.000
|
84.299
|
|
|
Loans & Advances |
313.066
|
262.395
|
249.343
|
|
Total
Current Assets |
2647.193
|
2073.948 |
1846.566 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
804.958
|
634.199 |
574.227 |
|
|
Other Current Liabilities |
315.456
|
277.165 |
111.389
|
|
|
Provisions |
106.767
|
35.301 |
39.756
|
|
Total
Current Liabilities |
1227.181
|
946.665 |
725.372 |
|
|
Net Current Assets |
1420.012
|
1127.283 |
1121.194 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
Other Assets |
11.906 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3317.785 |
2700.814 |
2813.856 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales and Other Income |
5770.373 |
4537.200 |
3784.459 |
|
|
|
TOTAL |
5770.373 |
4537.200 |
3784.459 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
4970.334 |
3825.371 |
3329.315 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
800.039 |
711.829 |
455.144 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
300.138 |
443.508 |
430.332 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
499.901 |
268.321 |
24.812 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
245.806 |
59.658 |
(8.562) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
254.095 |
208.663 |
33.374 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
3023.335 |
2224.089 |
2261.788 |
|
|
|
Agency Commission |
40.561 |
27.967 |
29.110 |
|
|
|
Discount received |
3.244 |
1.743 |
3.068 |
|
|
|
Others(Misc other Income) |
0.698 |
2.911 |
0.000 |
|
|
TOTAL EARNINGS |
3067.838 |
2256.710 |
2293.966 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
1490.801 |
1021.382 |
944.193 |
|
|
|
Stores & Spares |
69.986 |
50.837 |
55.743 |
|
|
|
Capital Goods |
205.506 |
191.109 |
157.711 |
|
|
|
Trading Goods |
103.143 |
142.243 |
119.973 |
|
|
TOTAL IMPORTS |
1869.436 |
1405.571 |
1277.620 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.87 |
2.36 |
0.38 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
4.40
|
4.60
|
0.88 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.66
|
5.91
|
0.66 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.60
|
7.74
|
0.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35
|
0.23
|
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.22
|
2.15
|
2.74 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.16
|
2.19
|
2.55 |
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Construction
of the firm |
Yes |
|
Premises
details |
Yes |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
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
the business |
Yes |
|
Details
of sister concerns |
Yes |
|
Major
Suppliers |
No |
|
Major
Customers |
No |
|
Payment
Terms |
No |
|
Export
/ Import Details [If Applicable] |
No |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
Yes |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
Yes |
|
Incorporation
details, if applicable |
Yes |
|
Last
accounts filed at ROC |
Yes |
|
Major
Shareholders, if applicable |
Yes |
NATURE OF OPERATIONS:
The Company was incorporated on November 8, 1976 under the Companies Act, 1956. The Company is a
wholly owned subsidiary of EPCOS AG,
The Company has two divisions:
- Ferrites division - The Plant is located at Kalyani and is engaged in the manufacturing of ferrite cores.
- Capacitors division - The Plants is located at Nashik and Bawal and are engaged in the manufacturing of metalized plastic film capacitors and metalized plastic film.
The Company's products are sold in the domestic as well as international market. The Company also trades in products manufactured by the group companies and obtains commission for the procurement of orders in the domestic market for the group companies.
OPERATIONS:
The Company continued to maintain its trend of
growth. At 5,770 Mio, the turnover increased by 27% over the previous year
4,537 Mio. The Depreciation is lower as
compared to previous year as there was no impairment provision in the
current due to turn around in the ferrites business, as a result the profit
before tax (PBT) registered an increase of 86% at 499 Mio as compared to 268
Mio in the previous year. The tax expenses were higher in the current year due
to disallowance of brought deprecation losses of 235 Million for earlier years.
FUTURE OUTLOOK:
Central government
has announced high infrastructure spending budget which is expected to induce
demand and accelerate growth to around 8-9 % in the next year. The company
therefore expects to grow in all product segments. The company’s initiative to
set up a separate division for medium voltage capacitors has helped in making
substantial inroads for the supply to the electricity transmission and
distribution sector. The company expects substantial growth in this segment
pursuant to the budgetary support from the central government The Company will
continue its focus on new product developments in AC and PFC capacitors in
order to provide comprehensive range cater to additional segments and cost
effective products. Market situation apart, the Company is continuously
focusing on productivity improvement, effective cost control and efficient
management of resources for achieving profitable growth.
CONTINGENT LIABILITIES:
|
Particular |
As on 31.03.2011 |
As on 31.03.2010 |
|
Claim against
the company not acknowledged as debts: |
|
|
|
Excise authorities (Refer Note 1) |
11.132 |
11.132 |
|
Income taxes (Refer Note 2) |
153.351 |
153.351 |
Notes:
1) Demand received from excise authorities in relation to duty payable (including penalty) on gain on prepayment of sales tax deferral loan Rs.11.132 Millions pending with CESTAT (Customs Excise Service Tax Appellate Tribunal)
2) Disallowances made in the transfer pricing assessments of the Company for the financial years relevant to assessment years 2002-03 and
2003-2004.
Interest on ECB (External Commercial Borrowing) loan for acquisition of fixed asset Rs.1.137 Millions was disallowed in the F.Y. 2004-05. Company has filed Appeal against this requesting to allow depreciation after capitalisation. Appeal is pending before Commissioner of Income Tax Tribunal (Appellate).
Bankers Charges
Report as per Registry
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U92131WB1976PTC030763 |
|
Name of the
company |
EPCOS INDIA
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Kulia Kancharapara, P. O. Netaji Subhash Sanatorium, Kalyani, Nadia –
741 251, West |
|
Type of charge |
Book Debts Floating Charge |
|
Particular of
charge holder |
Citi Bank N.A. 41, E-Mail: Jesslyn.nazareth@citi.com
|
|
Nature of description
of the instrument creating or modifying the charge |
Goods security
Agreement for Loan and cash credit facilities |
|
Date of
instrument Creating the charge |
13.03.2008 |
|
Amount secured by
the charge |
Rs.605.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 13.50% p.a. Terms of
Repayment On demand Margin 25% Extent and
Operation of the charge The whole of
stocks and book debts |
|
Short particulars
of the property charged |
All the borrowers
stocks of raw materials, semi finished and finished goods, stores, in the
borrowers premises or godowns situated at E – 22-25, MIDC, Satpur, Nashik –
422007 or at Kulia Kancharapara, P. O. Netaji Subhash Sanatorium, Kalyani, Nadia –
741 251, West Bengal, India |
AS PER WEBSITE
DETAILS:
PRESS RELEASES
Inductors: SMT
version with highest reliability (TDK-EPC Corporation)
- 30 percent higher current capability than standard series types
- Broad operating temperature range from -55 to 150 °C
TDK Corporation presents a new series of EPCOS SMT inductors with the highest reliability. The components of the new R series offer 30 percent higher saturation current capability than standard series types. The saturation current is between 1.05 and 38.0 A at inductance values from 0.82 to 1000 µH. The DC resistance is between 5.0 mΩ and 1.35 Ω.
With a wide permissible operating temperature range from -55 to +150 °C, the EPCOS B82477R series of inductors satisfy the rigorous requirements of automotive electronics and are qualified to AEC-Q200. Designed with a baseplate, they offer very high mechanical stability. These components have a footprint of 12.5 x 12.5 mm2 and a maximum insertion height of 8.5 mm. Thanks to their magnetic shielding; they can be placed in direct proximity to other components on the circuit board. These high-performance inductors are RoHS-compatible and suitable for lead-free soldering to JEDEC J-STD020C.
Glossary
- AEC-Q200: Standardized reliability tests for passive components used in automotive electronics.
- Saturation current: DC current that causes magnetic saturation and reduces the inductive resistance in an inductive component.
Main applications
- Power supply units in automotive electronics such as for LED lighting systems
- Clocked power supplies with high requirements on reliability and temperature range
Main features and
benefits
- High saturation currents of up to 38.0 A
- Inductance values from 0.82 µH to 1000 µH
- Broad operating temperature range from -55 to +150 °C
- Qualified to AEC-Q200
- RoHS-compatible and suitable for lead-free soldering to JEDEC J-STD020C
About TDK Corporation
TDK Corporation is a leading electronics company based in
About TDK-EPC
Corporation
TDK-EPC Corporation, a TDK group company, is a leading
manufacturer of electronic components, modules and systems, headquartered in
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.54.39 |
|
|
1 |
Rs.86.56 |
|
Euro |
1 |
Rs.69.30 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
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.