MIRA
INFORM REPORT
|
Report Date : |
23.10.2012 |
1. Summary Information
|
|
|
Country |
|
|
Company Name |
ASCENT CIRCUITS
PRIVATE LIMITED |
Principal Name 1 |
Mr. Manjunath Punyamurthy |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Arvind Aroor Rao |
|
|
|
Registration # |
08-024700 |
|
Street Address |
B-13, I.T.I
Industrial Estate, Mahadevapura,
|
||
|
Established Date |
01.02.1999 |
SIC Code |
-- |
|
Telephone# |
91-80-28511709 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-80-28511709 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Single Sided Printed Circuit
Boards |
|
|
# of employees |
250 (Office 30, Factory 220) (Approximately) |
Product Name 2 |
Populated Boards |
|
Paid up capital |
Rs.15,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors 100.00% |
Banking |
State Bank of |
|
Public Limited Corp. |
No |
Business Period |
13 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba
(49) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
302,852,000 |
Current Liabilities |
76,523,000 |
|
Inventories |
74,724,000 |
Long-term Liabilities |
181,852,000 |
|
Fixed Assets |
188,960,000 |
Other Liabilities |
21,298,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
279,673,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
271,863,000 |
|
|
|
Net Worth |
286,863,000 |
|
Total Assets |
566,536,000 |
Total Liab. & Equity |
566,536,000 |
|
Total Assets (Previous Year) |
572,928,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
916,374,000 |
Net Profit |
64,379,000 |
|
Sales(Previous yr) |
713,478,000 |
Net Profit(Prev.yr) |
64,045,000 |
IDENTIFICATION DETAILS
|
Name : |
ASCENT CIRCUITS PRIVATE LIMITED (w.e.f. 07.04.2000) |
|
|
|
|
Formerly Known
As : |
RIC CIRCUITS PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
B-13, I.T.I Industrial Estate, Mahadevpur, Bangalore-560048, Karnataka
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
01.02.1999 |
|
|
|
|
Com. Reg. No.: |
08-024700 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 15.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31200KA1999PTC024700 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRA06934E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCR2074D |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer of Printed Circuit
Boards. |
|
|
|
|
No. of Employees
: |
250 (Office 30, Factory 220) (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having satisfactory track.
Directors are reported to be experienced and respectable businessmen. 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) |
|
|
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
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
TERM LOAN : CRISIL BBB |
|
Rating Explanation |
Moderate degree of safety it carry moderate credit |
|
Date |
04.08.2011 |
|
Rating Agency Name |
CRISIL |
|
Rating |
LETTER OF CREDIT : CRISIL A3+ |
|
Rating Explanation |
Moderate degree of safety it carry higher credit risk |
|
Date |
04.08.2011 |
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 : |
B-13, ITI Industrial Estate,
Mahadevpur, |
|
Tel. No.: |
91-80-28511709 |
|
Fax No.: |
91-80-28511709 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Plot No. 111, Sipcot Industrial
Complex, Phase – I, Hosur – 635 126, |
|
Tel. No.: |
91-4344-400108/ 400124 / 400103/
400102/ 400109
271123 / 271124 |
|
Fax No.: |
91-4344-400128 / 271148 |
|
E-Mail : |
|
|
Area : |
5.5 Acres |
|
Location : |
Owned |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Manjunath Punyamurthy |
|
Designation : |
Managing Director |
|
Address : |
1282, 13th Cross Indira Nagar, II State, Bangalore-560038, |
|
Date of Birth/Age : |
05.02.1960 |
|
Qualification : |
B. Tech. |
|
Date of Appointment : |
01.02.1999 |
|
DIN No.: |
00900902 |
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 |
U01300TZ1989PTC002484 |
HOSUR
COIR FARMS PRIVATE LIMITED |
Director |
24/03/1993 |
24/03/1993 |
Active |
NO |
|
2 |
U31503KA1986PTC007459 |
TECHNOVA
TAPES ( |
Director |
25/08/1994 |
25/08/1994 |
Active |
NO |
|
3 |
U31200KA1999PTC024700 |
ASCENT
CIRCUITS PRIVATE LIMITED |
Managing
director |
01/02/1999 |
01/02/1999 |
Active |
NO |
|
4 |
U17111TZ1995PTC006507 |
PEPS
INDUSTRIES PRIVATE LIMITED |
Director |
14/09/2006 |
16/12/2005 |
Active |
NO |
|
5 |
U31300KL2008PTC027811 |
GLOBALWAVE
TECHNOLOGIES PRIVATE LIMITED |
Director |
12/05/2008 |
12/05/2008 |
Active |
NO |
|
6 |
U17214TZ2010PTC016432 |
HOSUR
MATTRESS INDUSTRIES INDIA PRIVATE LIMITED |
Director |
13/10/2010 |
13/10/2010 |
Active |
NO |
|
7 |
U74900KA2011PTC059112 |
ACE
ENVIRO TECH PRIVATE LIMITED |
Director |
13/06/2011 |
13/06/2011 |
Active |
NO |
|
Name : |
Mr. Arvind Aroor Rao |
|
Designation : |
Director |
|
Address : |
188/A, 6th |
|
Date of Birth/Age : |
04.06.1959 |
|
Qualification : |
B. Tech. |
|
Date of Appointment : |
10.02.1999 |
|
DIN No.: |
00110677 |
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 |
U31503KA1986PTC007459 |
TECHNOVA
TAPES ( |
Managing
director |
07/02/1986 |
07/02/1986 |
Active |
NO |
|
2 |
L85110KA1942PLC000295 |
THE
MYSORE PLANTATIONS LIMITED |
Whole-time
director |
01/09/2011 |
28/11/1991 |
Active |
NO |
|
3 |
U01300TZ1989PTC002484 |
HOSUR
COIR FARMS PRIVATE LIMITED |
Director |
01/04/1994 |
01/04/1994 |
Active |
NO |
|
4 |
U31200KA1999PTC024700 |
ASCENT
CIRCUITS PRIVATE LIMITED |
Director |
01/02/1999 |
01/02/1999 |
Active |
NO |
|
Name : |
Mr. Shankar Ram Gopalan |
|
Designation : |
Director |
|
Address : |
201, Trinity Golf Links
Apartments, 139/8, Sharadhamma Layout, Domlur, |
|
Date of Birth/Age : |
04.12.1959 |
|
Qualification : |
B. Tech. |
|
Date of Appointment : |
01.02.1999 |
|
DIN No.: |
00110783 |
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 |
U01300TZ1989PTC002484 |
HOSUR
COIR FARMS PRIVATE LIMITED |
Director |
24/03/1993 |
24/03/1993 |
Active |
NO |
|
2 |
U31200KA1999PTC024700 |
ASCENT
CIRCUITS PRIVATE LIMITED |
Director |
01/02/1999 |
01/02/1999 |
Active |
NO |
|
3 |
U17111TZ1995PTC006507 |
PEPS
INDUSTRIES PRIVATE LIMITED |
Director |
14/09/2006 |
16/12/2005 |
Active |
NO |
|
4 |
U17214TZ2010PTC016432 |
HOSUR
MATTRESS INDUSTRIES INDIA PRIVATE LIMITED |
Director |
13/10/2010 |
13/10/2010 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Arvind Aroor Rao |
315000 |
|
Manjunath Punyamurthy |
750000 |
|
Shankar Ram Gopalan |
435000 |
|
Total |
1500000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Printed Circuit Boards. |
|
|
|
|
Product : |
|
PRODUCTION STATUS (As on 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Printed Circuit Boards |
Sq.mtrs |
480000 |
480000 |
299946 |
GENERAL INFORMATION
|
No. of Employees : |
250 (Office 30, Factory 220) (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
State Bank of |
|||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
G Jagadish Babu Chartered Accountants |
|
Address : |
No.760, 2nd Floor, |
|
Tel. No.: |
91-80-23153425 |
|
Mobile No.: |
91-9448324794 |
|
PAN.: |
AAOPB3442M |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000
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 |
15.000 |
15.000 |
15.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
271.863 |
207.483 |
143.437 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
286.863 |
222.483 |
158.437 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
149.731 |
138.058 |
164.443 |
|
|
2] Unsecured Loans |
32.121 |
53.949 |
56.416 |
|
|
TOTAL BORROWING |
181.852 |
192.007 |
220.859 |
|
|
DEFERRED TAX LIABILITIES |
19.659 |
22.333 |
34.332 |
|
|
|
|
|
|
|
|
TOTAL |
488.374 |
436.823 |
413.628 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
188.960 |
197.263 |
208.791 |
|
|
Capital work-in-progress |
0.000 |
2.749 |
2.749 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
74.724
|
64.169
|
70.286 |
|
|
Sundry Debtors |
222.215
|
170.706
|
150.290 |
|
|
Cash & Bank Balances |
25.322
|
20.243
|
17.329 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
55.315
|
117.798
|
95.575 |
|
Total
Current Assets |
377.576
|
372.916
|
333.480 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
73.809
|
53.896
|
76.705 |
|
|
Other Current Liabilities |
2.714
|
0.261
|
0.129
|
|
|
Provisions |
1.639
|
81.948
|
54.558
|
|
Total
Current Liabilities |
78.162
|
136.105
|
131.392 |
|
|
Net Current Assets |
299.414
|
236.811
|
202.088 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
488.374 |
436.823 |
413.628 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
916.374 |
713.478 |
|
|
|
|
Other Income |
NA |
8.283 |
|
|
|
|
TOTAL (A) |
NA |
721.761 |
604.306 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
NA |
589.957 |
512.100 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
131.804 |
92.206 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
19.485 |
23.639 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
112.319 |
68.567 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
32.884 |
26.211 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
97.476 |
79.435 |
42.356 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
33.097 |
15.390 |
15.180 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
64.379 |
64.045 |
27.176 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
131.897 |
67.852 |
40.676 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
131.897 |
67.852 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
209.463 |
189.679 |
229.242 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
501.577 |
356.761 |
296.607 |
|
|
|
Stores & Spares |
12.566 |
10.537 |
7.023 |
|
|
|
Capital Goods |
10.471 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
524.614 |
369.720 |
303.630 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
42.92 |
42.70 |
18.12 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
8.87 |
4.50 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
10.64
|
11.13 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.21
|
13.93
|
7.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34
|
0.36
|
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.91
|
1.47
|
2.22 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.83
|
2.74
|
2.54 |
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 |
Yes |
|
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) |
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] |
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 |
Yes |
BACKGROUND:
The company was incorporated on 1st February 1999 with its
registered office in
FORM 8:
|
Corporate
identity number of the company |
U31200KA1999PTC024700 |
|
Name of the
company |
ASCENT
CIRCUITS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
B-13, I.T.I Industrial Estate, Mahadevpura, Bangalore-560048, Email- manjunath@ascentcircuits.com
|
|
This form
is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
90197640 |
|
Type of
charge |
·
Immovable property ·
Book debts ·
Movable property (not being pledge) ·
Floating charge |
|
Particular of
charge holder |
State Bank of Email – rjr.cs69@gmail.com |
|
Nature of instrument
creating charge |
Supplemental agreement of hypothecation of goods and assets for
increase in the overall limit form C-2A; letter regarding the grant of
individual limits within the overall limit form C-5 and memorandum of deposit
of title deeds. |
|
Date of
instrument Creating the charge |
08.04.2011 |
|
Amount
secured by the charge |
Rs.367.500 Millions |
|
Brief of
the principal terms an conditions and extent and operation of the charge |
Rate of Interest 1) WCL - at 3.00% above BR, effective rate 11.25% p.a with monthly
resets. 2) SLC - at 4.00% above BR, effective rate 12.25% p.a with monthly
resets. 3) TL - as per existing terms of sanction. Terms of
Repayment WCL - on demand. Advance is for a period of 12 months. TL - as per existing terms of sanction. Margin RM/SIP/BD/Receivables/FG : 25% Stores spares and Consumables : 25% LC - 10%, BG - 10% (100% in
case of BGs issued covering disputed/litigant claims). Extent and
Operation of the Charge Exclusive first charge on the assets of the company and to the full
extent. Others Cash credit Rs 110.000 Millions; TL-2 Rs 27.500 Millions; TL-3 Rs 40.000 Millions; TL-4 Rs 18.000
Millions; Open TL Rs 25.000 Millions; LC Rs 113.000 Millions; SLC Rs 25.000 Millions; FCL Rs 9.000 Millions; Total Rs 367.500
Millions. |
|
Short
particulars of the property or asset(s) charged (including complete address
and location of the property) |
Hypo. of company's present and future movable fixed assets and current
assets like stocks, raw materials, semi finished and finished goods, book
debts, receivables, outstanding monies, bills, rights, Stores, components, furniture and fittings; other movables, vehicles
and assets to be purchased out of bank finance. EM of Land and Building in the name of the company at Plot No.99 and
111, Phase 1, SIPCOT, Hosur, Tamilnadu. |
|
Date of
instrument modifying the charge |
26.03.2010 |
|
Particulars
of the present modification |
The amount secured by the charge stands increased to Rs. 367.500
Million. The securities described herein above continue for the enhanced
limit. All other terms and conditions remain unchanged. |
FIXED ASSETS:
·
Land
·
Building
·
Effluent Treatment Plant
·
Furniture
·
Plant and Machinery
·
Equipments
·
Vehicles
·
Computers
·
Generator
·
Electrical Installation
·
Guest House
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.53.67 |
|
|
1 |
Rs.86.05 |
|
Euro |
1 |
Rs.70.07 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
49 |
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.