MIRA
INFORM REPORT
|
Report Date : |
02.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
E I DUPONT INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
7th Floor, Tower C DLF, Cyber Greens, Sector – 25A, DLF City, Phase – III, Gurgaon – 122 002, Haryana |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
10.12.1998 |
|
|
|
|
Com. Reg. No.: |
05-034086 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.561.327 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24299HR1998PTC034086 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RTKE01049G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACE2462M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers and Exporters of Engineering Polymers, Agrochemicals, Synthetic Monofilament Yarn Polyamide Monofilament. |
|
|
|
|
No. of Employees
: |
550 (In Office + In Factory) Approximately |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 13320000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having good track. The company
is doing well. 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including industrial
deregulation, privatization of state-owned enterprises, and reduced controls on
foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of persistently
high inflation and interest rates and little progress on economic reforms. High
international crude prices have exacerbated the government's fuel subsidy
expenditures contributing to a higher fiscal deficit, and a worsening current
account deficit. Little economic reform took place in 2011 largely due to
corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ 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.
LOCATIONS
|
Registered Office / Corporate Office : |
7th Floor, Tower C DLF, Cyber Greens, Sector – 25A, DLF City, Phase – III, Gurgaon – 122 002, Haryana, India |
|
Tel. No.: |
91-124-4091818/ 2540900/ 2540875 to 2540885 |
|
Fax No.: |
91-124-2540889 to 2540892/ 2540900 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
·
Plot No. II, GIDC Industrial Estate, Tel. No.: 91-2667-264201/ 664000 Fax No.: 91-2667-264226/ 264214 · Plot No. I, K. V. 1, GIDC Industrial Estate, Allindra Village, Savli Taluka, District Vadodara – 391 775, Gujarat, India Tel No.: 91-2667-666000 Fax No.: 91-2667-264220 ·
·
Plot No. 339, at Zak, Taluka Dehgam, District
Ahemadabad, · Elnet Software City, TSI 40, Block 2 and 9, 3rd Floor, Module 31, Rajiv Gandhi Road, Taramani, Chennai-600 113, Tamilnadu, India |
|
|
|
|
Branch Office : |
Chemical Industries, Indian Corporation, Bldg No.62 and 63, Mankoli Naka, Bhiwandi-421303, Maharashtra, India |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Balvinder Pal Singh Kalsi |
|
Designation : |
Chairman and Managing Director |
|
Address : |
H -33/39, DLF Qutab Enclave, Phase – I, Gurgaon – 122 002,
|
|
Date of Birth/Age : |
22.08.1957 |
|
Date of Appointment : |
23.12.2005 |
|
Date of Cessation : |
15.12.2011 |
|
DIN No.: |
00012784 |
|
|
|
|
Name : |
Mr. Ramkrishna Mudholkar |
|
Designation : |
Executive Director |
|
Address : |
H -37/3, DLF Phase – I, Gurgaon – 122 002, |
|
Date of Birth/Age : |
10.04.1959 |
|
Date of Appointment : |
27.10.2004 |
|
DIN No.: |
00012850 |
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 |
U91110DL1980GAP216937 |
CROPLIFE
INDIA |
Director |
14/11/2003 |
14/11/2003 |
Active |
NO |
|
2 |
U24299HR1998PTC034086 |
E I
DUPONT INDIA PRIVATE LIMITED |
Director |
27/10/2004 |
27/10/2004 |
Active |
NO |
|
Name : |
Mr. Vineesh Anil Kochhar |
|
Designation : |
Executive Director |
|
Address : |
1610 – B, Beverly Park, Part II, |
|
Date of Birth/Age : |
14.05.1968 |
|
Date of Appointment : |
29.09.2006 |
|
Date of Cessation : |
28.02.2012 |
|
DIN No.: |
00015083 |
|
|
|
|
Name : |
Mr. Vinod Mani Tiwari |
|
Designation : |
Director |
|
Address : |
103, Aranya, 25, Alkapuri Society, |
|
Date of Birth/Age : |
01.04.1961 |
|
Date of Appointment : |
29.09.2008 |
|
Date of Cessation : |
31.03.2012 |
|
DIN No.: |
02360740 |
|
|
|
|
Name : |
Mr. Vivek M. Bhide |
|
Designation : |
Director |
|
Address : |
M/21, Yashowardhan, |
|
Date of Birth/Age : |
26.12.1966 |
|
Date of Appointment : |
13.03.2009 |
|
Date of Ceasing : |
28.02.2012 |
|
DIN No.: |
02645197 |
|
|
|
|
Name : |
Mr. Homi Cawas Bhedkar |
|
Designation : |
Director |
|
Address : |
C-6, |
|
Date of Birth/Age : |
10.12.1948 |
|
Date of Appointment : |
14.09.2007 |
|
DIN No.: |
01944969 |
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 |
U24299HR1998PTC034086 |
E I
DUPONT INDIA PRIVATE LIMITED |
Director |
28/09/2007 |
14/09/2007 |
Active |
NO |
|
2 |
U74900AP2008PTC060867 |
E.I.
DUPONT SERVICES CENTRE INDIA PRIVATE LIMITED |
Director |
28/09/2012 |
07/08/2012 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Chitrabhanu Ghosh |
|
Designation : |
Secretary |
|
Address : |
B – 102, Shramdeep Apartment, B9/1B, Sector 62, Noida – 201307, Uttar
Pradesh, India |
|
Date of Birth/Age : |
08.03.1977 |
|
Date of Appointment : |
21.06.2006 |
|
PAN No.: |
AFWPG8375B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Dupont Far East Inc., |
20 |
|
Dupont India Limited, |
55947880 |
|
Liquid-Box Corporation Inc., |
184738 |
|
E I Dupont De Nemours and |
26 |
|
TOTAL
|
56132664 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
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 : |
Manufacturers and Exporters of Engineering Polymers, Agrochemicals, Synthetic Monofilament Yarn Polyamide Monofilament. |
||||||||||||
|
|
|
||||||||||||
|
Products : |
|
PRODUCTION STATUS (AS ON : 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity* |
Installed
Capacity* |
Actual
Production |
|
Delrin® Polyacetal Resins |
Tonnes per Annum |
9504 |
9504 |
5768 |
|
Zytel® Polyamide Resins |
Tonnes per Annum |
6384 |
6384 |
4807 |
|
Engineering and
Industrial Products based on Poly Tetra Fluoro Ethylene - Teflon® Non Stick
Finishes |
Kgs per Annum |
300000 |
300000 |
58466 |
|
Synthetic
Monofilament Yarn Polyamide Monofilament- Tynex® (based on
standard up-time on single shift basis) |
Kgs per Annum |
520000 |
520000 |
324139 |
|
Refrigerant Gas
SUVA® |
Kgs per Annum |
120000 |
120000 |
2542 |
|
Performance
Coatings – Refinishes (based on standard up-time on triple shift basis) |
Litres per Annum |
-- |
6960000 |
825820 |
|
Fungicides -
Lannate® and Curzate® |
Tonnes per Annum |
-- |
1750 |
449 |
|
Insecticides -
Avaunt® |
KL per Annum |
-- |
1500 |
426 |
|
Insecticides -
Rynaxypyr® |
KL per Annum |
-- |
2500 |
353 |
|
Herbicides - Almix®,
Algrip® and Kloben® |
MT per Annum |
-- |
125 |
37 |
*As certified by the Management and accepted by the auditors being a
technical matter.
GENERAL INFORMATION
|
No. of Employees : |
550 (In Office + In Factory) Approximately |
|||||||||||||||||||||
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|
|
|||||||||||||||||||||
|
Bankers : |
· Citi Bank N.A, Cyber Greens, Gurgaon ·
Bank of · ABN Amro Bank N. V., Gurgaon ·
State Bank of · Deutsche Bank · ICICI Bank Limited, Gurgaon · Standard Chartered Bank · Corporation Bank |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Building 8, 7th and 8th Floor, Tower – B, DLF Cyber City, Gurgaon – 122002, Haryana, India |
|
PAN No.: |
AAEFP3641G |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000000 |
Equity Shares |
Rs.10/- each |
Rs. 2500.000 Millions |
|
500000 |
Preference Shares |
Rs.100/- each |
Rs. 50.000 Millions |
|
|
TOTAL |
|
Rs. 2550.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
56132664 |
Equity Shares |
Rs.10/- each |
Rs. 561.327
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 |
561.327 |
561.327 |
561.327 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2771.088 |
261.518 |
2298.872 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
3332.415 |
822.845 |
2860.199 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
2606.041 |
1011.968 |
1895.343 |
|
|
TOTAL BORROWING |
2606.041 |
1011.968 |
1895.343 |
|
|
DEFERRED TAX LIABILITIES |
174.590 |
154.806 |
88.683 |
|
|
|
|
|
|
|
|
TOTAL |
6113.046 |
1989.619 |
4844.225 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2964.578 |
2716.949 |
2097.751 |
|
|
Capital work-in-progress |
489.870 |
89.524 |
298.224 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
3787.324
|
3942.841
|
2661.975 |
|
|
Sundry Debtors |
4807.832
|
3845.893
|
3298.858 |
|
|
Cash & Bank Balances |
294.518
|
125.054
|
315.060 |
|
|
Other Current Assets |
0.914
|
0.000 |
0.000 |
|
|
Loans & Advances |
1125.675
|
1013.943
|
866.002 |
|
Total
Current Assets |
10016.263
|
8927.731 |
7141.895 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
7110.538
|
5772.432
|
4443.292 |
|
|
Other Current Liabilities |
191.997
|
279.256
|
194.298 |
|
|
Provisions |
55.130
|
3692.897
|
56.055 |
|
Total
Current Liabilities |
7357.665
|
9744.585 |
4693.645 |
|
|
Net Current Assets |
2658.598
|
(816.854)
|
2448.250 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
6113.046 |
1989.619 |
4844.225 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
19799.490 |
15984.850 |
13256.000 |
|
|
|
Other Income |
1877.570 |
1809.760 |
1021.000 |
|
|
|
TOTAL |
21677.060 |
17794.610 |
14277.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
19154.560 |
15224.380 |
13837.000 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
2522.500 |
2570.230 |
440.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
254.980 |
171.400 |
112.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
2267.520 |
2398.830 |
328.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
739.780 |
836.120 |
140.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
1527.740 |
1562.710 |
188.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
105.250 |
2298.870 |
2111.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
156.270 |
0.000 |
|
|
|
Proposed Dividend |
(841.990) |
3087.300 |
0.000 |
|
|
|
Dividend Tax on Proposed Dividend |
(139.840) |
512.760 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
2614.820 |
105.250 |
2299.000 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1073.220 |
1544.051 |
1364.596 |
|
|
|
Commission Earnings |
517.127 |
519.329 |
319.320 |
|
|
|
Service Income |
1254.605 |
801.447 |
639.343 |
|
|
TOTAL EARNINGS |
2844.952 |
2864.827 |
2323.259 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
5306.817 |
4181.544 |
3194.578 |
|
|
|
Capital Goods |
130.406 |
73.128 |
248.892 |
|
|
TOTAL IMPORTS |
5437.223 |
4254.672 |
3443.470 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
27.22 |
27.84 |
3.34 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
7.05
|
8.78 |
1.32 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
11.45
|
15.01 |
2.47 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.47
|
20.60 |
3.55 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.68
|
2.92 |
3.55 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.04
|
13.26 |
2.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36
|
0.92 |
1.52 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
PERFORMANCE REVIEW
Subject ended the
year with a strong growth of 25% in Gross Sales. The major businesses
contributing to top line were DuPont Crop Protection, DuPont Titanium Technologies
and DuPont Performance Polymers amongst others. Volume Growth and Price
Increases are equally contributing to this growth which is a very positive
indicator about the overall performance of the company. Customer centric
approach and Key Account relationships are really helping the company to
position itself as solutions provider contributing to the growth. Marketing and
Channel strategies is helping the company to create a value proposition for the
customer leading to the increased revenue. There are multiple projects going on
within the company which would bring the sustainable growth in the years to
come.
FIXED ASSETS
·
Land (Freehold/ Leasehold)
·
Buildings (Factory/ Office)
·
Plant and Machinery
·
Office Equipments
·
Computers
·
Computer – Leased
·
Furniture and Fixtures
·
Lease Hold Improvements
·
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 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. 53.77 |
|
|
1 |
Rs. 86.76 |
|
Euro |
1 |
Rs. 69.71 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
54 |
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.