MIRA
INFORM REPORT
|
Report Date : |
03.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
STERLING AND WILSON POWERGEN PRIVATE LIMITED [w.e.f. 12.03.2008] |
|
|
|
|
Formerly Known
As : |
|
|
|
|
|
Registered
Office : |
10th Floor, Universal Majestic, L.P. Lokhande Marg, Chembur
(West), Mumbai-400043, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
22.05.1995 |
|
|
|
|
Com. Reg. No.: |
11-088637 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.114
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U70100MH1995PTC088637 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of
Diesel Generator, Control Panels, High Voltage Low Voltage Electrical
Systems, Heating, Ventilating and Air Conditioning, etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 686000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and reputed company having satisfactory
track. Trade relations are reported as fair. Payments are reported to be regular
and as per commitments. The company can be considered normal 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 – 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
BBB [Fund Based- Cash Credit] |
|
Rating Explanation |
Moderate credit quality. It carries higher average credit risk. |
|
Date |
January 2012 |
|
Rating Agency Name |
ICRA |
|
Rating |
A3+ [Non Fund Based-Bank Guarantee] |
|
Rating Explanation |
Moderate credit quality. It carries higher credit risk. |
|
Date |
January 2012 |
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 : |
10th Floor, Universal Majestic, L.P. Lokhande Marg, Chembur
(West), Mumbai-400043, Maharashtra, India
|
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Head Office : |
No. 8, Sundaram Estate, Govandi Station Road, Govandi (East),
Mumbai-400088, Maharashtra, India |
|
Tel No.: |
91-22-25526190 |
|
|
|
|
Factory : |
Survey No.59, 343/1, Village Kala, Kherdi, Khanvel, Silvassa, U.T. of
Dadra and |
|
Tel. No. : |
91-260-2677408 / 419 |
|
Fax. No.: |
91-260-2677408 |
|
|
|
|
Branch Office : |
No.4A/14, 4th Main Chikka Adugodi New Extension Thaverekere Road,
Bangalore – 560029, Karnataka, India |
|
Tel. No.: |
91-80-67178601 / 09 |
|
Fax No.: |
91-80-67178675 |
|
E-Mail : |
|
|
|
|
|
|
ALSO LOCATED AT
:
|
DIRECTORS
AS ON 30.09.2011
|
Name : |
Zarine Yazdi Daruwala |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
613, Dinshaw, Mody Building, |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.12.1944 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
22.05.1995 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
00190585 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Khurshed Yazdi Daruwala |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
613, Dinshaw Mody Building, Jame Jamsed Road, Parsi Colony, Dadar,
Mumbai – 400014, Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.03.1969 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
22.05.1995 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
00216905 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Khurshed Yazdi Daruwala |
|
452 |
|
Kainaz Khurshed Daruwala Jointly With Khurshed Yazdi Daruwala |
|
48 |
|
Shapporji Pallonji and Company Limited, India |
|
638 |
|
|
|
|
|
TOTAL
|
|
1138 |
AS ON 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
56.00 |
|
Directors
or relatives of directors |
|
44.00 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Diesel
Generator, Control Panels, High Voltage Low Voltage Electrical Systems,
Heating, Ventilating and Air Conditioning, etc. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
Union Bank of India, Industrial Finance Branch, Branch 66/80, Mumbai
Samachar Marg, Fort, Mumbai – 400023, Maharashtra, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kalyaniwalla and Mistry Chartered Accountants |
|
Address : |
Kalpataru Heritage , 127, |
|
PAN No: |
AAAFK7554R |
|
|
|
|
Holding Company : |
Shapoorji Pallonji and Company Limited [U45200MH1943PLC003812] |
|
|
|
|
Fellow Subsidiary : |
·
Sterling Generators Private Limited
[U99999MH1995PTC085899] ·
Sterling and Wilson Limited
[U31200MH1974PLC017538] |
|
|
|
|
Associates : |
·
Faery Estates Private Limited
[U70101MH1998FTC114830] ·
Sterling Viking Power Private Limited
[U74999DL1996PTC083281] ·
Sterling and Wilson Services Private Limited [U45200MH1994PTC081493] ·
Sterling and Wilson Energy Systems Private
Limited [U51504MH2008PTC181253] |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.100/- each |
Rs.1.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1138 |
Equity Shares |
Rs.100/-
each |
Rs.0.114
Million |
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 |
0.114 |
0.114 |
0.114 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
171.591 |
146.297 |
103.224 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
171.705 |
146.411 |
103.338 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
117.899 |
0.000 |
48.810 |
|
|
2] Unsecured Loans |
218.775 |
0.000 |
13.650 |
|
|
TOTAL BORROWING |
336.674 |
0.000 |
62.460 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
508.379 |
146.411 |
165.798 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
192.211 |
10.612 |
5.160 |
|
|
Capital work-in-progress |
6.773 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.431 |
1.431 |
1.431 |
|
|
DEFERREX TAX ASSETS |
5.725 |
4.583 |
2.655 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
98.712
|
109.585 |
85.635 |
|
|
Sundry Debtors |
699.587
|
378.144 |
383.452 |
|
|
Cash & Bank Balances |
8.634
|
24.592 |
11.236 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.421 |
|
|
Loans & Advances |
87.765
|
67.409 |
29.216 |
|
Total
Current Assets |
894.698
|
579.730 |
509.960 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
384.032
|
286.983 |
272.187 |
|
|
Other Current Liabilities |
188.834
|
138.201 |
68.166 |
|
|
Provisions |
19.593
|
24.761 |
13.055 |
|
Total
Current Liabilities |
592.459
|
449.945 |
353.408 |
|
|
Net Current Assets |
302.239
|
129.785 |
156.552 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
508.379 |
146.411 |
165.798 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
1610.407 |
1348.040 |
|
|
|
Other Income |
|
NA |
87.762 |
|
|
|
TOTAL (A) |
NA |
NA |
1435.802 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Work Expenses |
|
|
1314.534 |
|
|
|
Employee Remuneration |
|
NA |
72.561 |
|
|
|
Selling and Administration |
|
|
31.382 |
|
|
|
Share issue Expenses |
|
|
0.100 |
|
|
|
TOTAL (B) |
|
NA |
1418.577 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
NA |
17.225 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
NA |
7.375 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
|
65.545 |
9.850 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
2.517 |
0.920 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
|
63.028 |
8.930 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
19.957 |
3.983 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
25.294 |
43.071 |
4.947 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
3.244 |
(1.703) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
46.315 |
3.244 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
22226.71 |
37847.98 |
4347.10 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
NA
|
0.34 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
3.91
|
0.66 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
10.67
|
1.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.43
|
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
5.41
|
3.07
|
4.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.51
|
1.28
|
1.44 |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last two 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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
NOTE:
The registered office of the company has been shifted from Bussa Udyog Bhavan, Industrial Premises Co-Operative Society, 175, Ground Floor, Tokersey Jivraj Road, Sewri (West), Mumbai-400015, Maharashtra, India to the present address w.e.f. 20.01.2011.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U70100MH1995PTC088637 |
|
Name of the
company |
STERLING AND
WILSON POWERGEN PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Bussa Udyog Bhavan, Industrial Premises Co-Operative
Society, 175, Ground Floor, Tokersey Jivraj Road, Sewri (West),
Mumbai-400015, Maharashtra, India |
|
Type of charge |
Book Debts Movable Property
[not being pledge] |
|
Particular of
charge holder |
Union Bank of India, Industrial Finance Branch, Branch 66/80, Mumbai
Samachar Marg, Fort, Mumbai – 400023, Maharashtra, India |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
Composite
Hypothecation Deed (SD-20) |
|
Date of
instrument Creating the charge |
14.11.2011 |
|
Amount secured by
the charge |
Rs.850.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest as
determined by the bank from time to time. Terms of Repayment On Demand Margin 25% on BD and 25%
on RM / WIP / spares for sod (BD) / cc (hypothecation of stock and book debts) 5% for import /
inland LC (DP / DA 120 days) Extent and Operation of the charge To secure an
aggregate amount of Rs.850.000 Millions granted by the bank to the company as
under - nature of
limit
amount sod (BD) / CC
(Hypothecation of stock and BD) : Rs.150.000 Millions W/W UBD under L/C
... : (Rs.100.000 Millions) Letter of
guarantee..... : Rs.700.000 Millions W/W import/inland LC
(DP/DA 120 days) : (Rs.100.000 Millions) |
|
Short particulars
of the property charged |
The borrower
hypothecates by way of first charge in favour of the bank :- (1) all tangible
movable machineries, plant, machinery fixtures, fittings, other
installations, cranes, furniture, computers and Other
accessories, vehicles together with spares, tools and accessories and all
other articles lying on the borrower's premises at 62/2, Kongaon Chowk, Near
Cipla Toll Naka, Kon Savla Road, Old Mumbai Pune
Highway, Behind Natraj beer bar, Panvel - 410206, Maharashtra or in the
course of transit. (2) The whole of
the borrower's movable goods and assets both present and future Including all
stocks of raw materials, work in progress, semi finished goods, finished goods,
packing materials, consumable stores and spares etc. Whatsoever and
wheresoever situate and / or in transit. (3) All the
present and future book debts, outstanding, monies receivable, claims, bills,
contracts, engagements and securities which are due and owing to the borrower
in the course of its business by Any person, firm,
company or body corporate or by the government of India or any state
government or Indian railways or any government department or office or any
municipal or local or public or semi Government body
or authority whatsoever including those relating to the assets leased out
and/or given on hire purchase basis. |
FIXED ASSETS:
- Tangible Assets
- Lease Hold Improvement
- Office Equipments and Machinery
- Computer
- Furniture and Fixture
- 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.53.66 |
|
|
1 |
Rs.86.37 |
|
Euro |
1 |
Rs.69.24 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
50 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this report.
The assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.