MIRA
INFORM REPORT
1. Summary Information
|
|
|
Country |
|
|
Company Name |
SUPERMAC
INDUSTRIES (INDIA) LIMITED |
Principal Name 1 |
Mr. Harbhajan Singh |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Kamarjit Singh |
|
|
|
Registration # |
55-107110 |
|
Street Address |
A-29,
Naraina Industrial Area, Phase-1, New Delhi – 110028, India |
||
|
Established Date |
03.08.2000 |
SIC Code |
-- |
|
Telephone# |
91-11-25896041 / 25896042 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-11-25798674 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Insulating and Sheathing Machines |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.10,275,700/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of Directors - 99.99 % Other top fifty shareholders - 0.01% |
Banking |
Punjab
National Bank |
|
Public Limited Corp. |
No |
Business Period |
12 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba (48) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
85,337,000 |
Current Liabilities |
47,065,000 |
|
Inventories |
48,884,000 |
Long-term Liabilities |
94,261,000 |
|
Fixed Assets |
90,218,000 |
Other Liabilities |
6,645,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
147,971,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
66,192,000 |
|
|
|
Net Worth |
76,468,000 |
|
Total Assets |
224,439,000 |
Total Liab. & Equity |
224,439,000 |
|
Total Assets (Previous Year) |
152,973,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
288,310,000 |
Net Profit |
13,873,000 |
|
Sales(Previous yr) |
232,292,000 |
Net Profit(Prev.yr) |
12,291,000 |
|
Report Date : |
30.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
SUPERMAC INDUSTRIES (INDIA) LIMITED |
|
|
|
|
Registered
Office : |
A-29, Naraina Industrial Area, Phase-1, New Delhi - 110028 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
03.08.2000 |
|
|
|
|
Com. Reg. No.: |
55-107110 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.276 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL2000PLC107110 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS17477F |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Insulating and Sheathing Machines for the Cable Industries. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 300000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Company performance seems well. Trade relations are reported to be fair.
Business is active. Payments are reported to be usually correct and as per
commitment. The company can be considered for normal business dealing at usual
trade terms and condition. |
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 / Head Office : |
A-29, Naraina Industrial Area, Phase-1, New Delhi -
110028, India |
|
Tel. No.: |
91-11-25896041 / 25896042 |
|
Fax No.: |
91-11-25798674 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Plot No 2, Sector 6, IMT Manesar, Gurgaon, Haryana, India |
|
Tel. No.: |
91-124-4690500 |
|
Fax No.: |
91-124-4690501 |
|
E-Mail : |
|
|
|
|
|
Marketing Office : |
01, 'SARGAM' Plot No.4, Sector-1, Charkop, Kandivli
(West), Mumbai – 400067, Maharashtra, India |
|
Tel. No.: |
91-22-28696552, 28681525 |
|
Fax No.: |
91-22-28691834 |
|
E-Mail : |
DIRECTORS
As on 28.05.2012
|
Name : |
Mr. Harbhajan Singh |
|
Designation : |
Managing Director |
|
Address : |
C-65, Mansarver Garden, New Delhi – 110015, India |
|
Date of Birth/Age : |
07.09.1941 |
|
Date of Appointment : |
03.08.2000 |
|
DIN No.: |
00042847 |
|
|
|
|
Name : |
Mr. Kamarjit Singh |
|
Designation : |
Director |
|
Address : |
C-86, Mansarver Garden, New Delhi – 110015, India |
|
Date of Birth/Age : |
04.12.1946 |
|
Date of Appointment : |
03.08.2000 |
|
DIN No.: |
00043323 |
|
|
|
|
Name : |
Mr. Baljinder Singh |
|
Designation : |
Director |
|
Address : |
C-65, Mansarver Garden, New Delhi – 110015, India |
|
Date of Birth/Age : |
03.02.1980 |
|
Date of Appointment : |
01.07.2004 |
|
DIN No.: |
00043377 |
|
|
|
|
Name : |
Mr. Jasvinder Singh |
|
Designation : |
Director |
|
Address : |
C-86, Mansarver Garden, New Delhi – 110015, India |
|
Date of Birth/Age : |
04.09.1974 |
|
Date of Appointment : |
20.08.2001 |
|
DIN No.: |
00043353 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.05.2012
|
Names of Shareholders |
|
No. of Shares |
|
Harbhajan Singh |
|
500010 |
|
Kamarjit Singh |
|
322510 |
|
Amarjit Kaur |
|
10 |
|
Harjit Kaur |
|
10 |
|
Jasvinder Singh |
|
120010 |
|
Baljinder Singh |
|
85010 |
|
Gurdarshan Singh |
|
10 |
|
Total |
|
1027570 |
As on 28.05.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
99.99 |
|
Other top fifty shareholders |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Insulating and Sheathing Machines for
the Cable Industries. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
· Punjab National Bank, SME Branch, Naraina, New Delhi - 110028, India ·
Small
Industries Development Bank of India |
||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Prakash K. Prakash Chartered Accountant |
|
Address : |
B-1 Sagar Apartments, 6 , Tilak Marg, New Delhi – 110001, India |
|
Tel. No.: |
91-11-23382207 / 23388753 |
|
Fax No.: |
91-11-43590843 |
|
E-Mail : |
|
|
Website : |
|
|
PAN.: |
AAEFP5293J |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1100000 |
Equity Shares |
Rs.10/- each |
Rs.11.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1027570 |
Equity Shares |
Rs.10/- each |
Rs.10.276
Millions |
|
|
|
|
|
The company has only one class of share
referred to as equity share having a par value of Rs.10 each holder of equity
share is entitled to one vote per share. The company declares and pay dividend
when the same is approved by the shareholders in the unstaring Annual General
Meeting.
Reconciliation of the
number of equity shares outstanding at the beginning and at the end of the year
|
Particular |
Equity Share |
|
|
|
Number |
Rs. In Millions |
|
Share outstanding at the beginning of the
year |
1027570.00 |
10.276 |
|
Add share issued during the year |
-- |
-- |
|
Share outstanding at the end of the year |
1027570.00 |
10.276 |
Equity shareholders holding more than five percent shares in the Company
|
Particular |
As on 31.03.2012 % |
As on 31.03.2011 % |
|
Harbhajan Singh |
48.66 |
48.68 |
|
Kamarjit Singh |
31.39 |
31.39 |
|
Jasvinder Singh |
11.68 |
11.68 |
|
Baljinder Singh |
8.27 |
8.27 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
10.276 |
10.276 |
10.276 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
66.192 |
52.319 |
40.028 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
76.468 |
62.595 |
50.304 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
65.893 |
33.141 |
32.990 |
|
|
2] Unsecured Loans |
28.368 |
8.868 |
8.868 |
|
|
TOTAL BORROWING |
94.261 |
42.009 |
41.858 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
170.729 |
104.604 |
92.162 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
90.218 |
45.331 |
40.126 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
48.884
|
47.430 |
50.375 |
|
|
Sundry Debtors |
55.977
|
35.316 |
17.674 |
|
|
Cash & Bank Balances |
18.323
|
0.730 |
4.645 |
|
|
Other Current Assets |
10.529
|
7.572 |
2.387 |
|
|
Loans & Advances |
0.508
|
16.594 |
26.686 |
|
Total
Current Assets |
134.221
|
107.642 |
101.767 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
41.607
|
24.357 |
29.184 |
|
|
Other Current Liabilities |
5.458
|
18.462 |
16.247 |
|
|
Provisions |
6.645
|
5.550 |
4.300 |
|
Total
Current Liabilities |
53.710
|
48.369 |
49.731 |
|
|
Net Current Assets |
80.511
|
59.273 |
52.036 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
170.729 |
104.604 |
92.162 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
288.310 |
232.292 |
171.060 |
|
|
|
Other Income |
2.347 |
4.402 |
2.467 |
|
|
|
TOTAL (A) |
290.657 |
236.694 |
173.527 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
202.343 |
|
|
|
|
|
Changes in inventories of finished good, working-in-progress and
stock-in-trade |
(1.454) |
2.945 |
152.579 |
|
|
|
Employee benefit expenses |
19.342 |
16.408 |
|
|
|
|
Others expenses |
38.975 |
30.670 |
|
|
|
|
TOTAL (B) |
259.206 |
210.627 |
152.579 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
31.451 |
26.067 |
20.948 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
5.374 |
3.581 |
3.207 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
26.077 |
22.486 |
17.741 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.557 |
4.643 |
4.267 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
20.520 |
17.843 |
13.474 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
6.647 |
5.552 |
4.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
13.873 |
12.291 |
9.174 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
81.488 |
35.202 |
16.198 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Value of Imports |
16.340 |
10.376 |
8.433 |
|
|
TOTAL IMPORTS |
16.340 |
10.376 |
8.433 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
13.50 |
12.96 |
NA |
|
%20LIMITED%20-%20198980%2030-Oct-2012_files/image001.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.77
|
5.19 |
5.29 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.12
|
7.68 |
7.88 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.14
|
11.66 |
9.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27
|
0.29 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.94
|
1.44 |
1.82 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.50
|
2.23 |
2.05 |
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 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 |
No |
Note:
The registered office of the company has been shifted from C-65,
Mansarver Garden, New Delhi – 110015, India to present address w.e.f.28.10.2002
OPERATIONS
During the year, the company has attained turnover of Rs. 288.310 Millions as against Rs. 232.292 Millions and net profit of Rs. 13.873 Millions against profit of Rs. 12.291 Millions of previous year.
CONTINGENT LIABILITIES (As on 31.03.2012)
The bank has issued LG worth Rs.3.770 Millions
against the security of fixed deposits as on 31.03.2012
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity
number of the company |
U74899DL2000PLC107110 |
|
Name of the
company |
SUPERMAC
INDUSTRIES (INDIA) LIMITED |
|
Address of the
registered office or of the principal place of business in |
A-29, Naraina Industrial Area, Phase-1, New Delhi – 110028, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
90049814 |
|
Type of charge |
· Book debts · Movable property (not being pledge) ·
Floating charge |
|
Particular of
charge holder |
Punjab National Bank, SME Branch, Naraina, New Delhi - 110028, India |
|
Nature of instrument
creating charge |
Hypothecation of
Goods and Book Debts to secure Cash Credit Facility Packing Credit
Agreement (Hypothecation) Counter Indemnity
Deed of
Hypothecation to Secure LC on DA Basis |
|
Date of
instrument Creating the charge |
19.06.2012 |
|
Amount secured by
the charge |
Rs.100.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest CC - @ BR + 3.25
%, presently 13.7 5% p. a., PCL - @ BR + 0.75
%, OBD against LC - @ BR + 1.00 % Non Fund based -
As per bank's guidelines Terms of Repayment Payable on
demand. Margin CC / PCL - 25
%. Non Fund based
-10 %. Extent and Operation of the charge 100 percent. Others The said charge
is hypothecated to secure following credit facilities granted by the bank to
the company: S. No. Nature of facilities Amount
(Rs. in Millions) 1) CC (H) 35.000 2) PCL 20.000 3) FOBP/FOBNLC 30.000 4) OBD against LC 30.000 Max. (1+2+3+4) 60.000 5) ILG/FLG 30.000 6) ILC/FLC 10.000 Total (Max) 100.000 |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
following: i) Present and
future stocks of raw materials, work in progress, semi finished goods,
finished goods. ii) Present and
future book debts, outstanding decrees, money receivable, government
subsidies, claims, bills, contracts and investments. |
|
Particulars of
the present modification |
The amount of
charge over hypothecation of stocks of raw materials, work in progress, semi
finished goods, finished goods and book debts of the company stands enhanced
from Rs.75.000 Millions to
Rs.100.000 Millions to secure
various credit facilities |
FIXED ASSETS
·
Air Conditioner
·
Car
·
Computer
·
Electrical Equipment
·
Furniture and Fixture
·
Office Equipment
·
Plant and Machinery
·
Scooter
·
Tools and Equipments
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 oragainst 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.53.81 |
|
|
1 |
Rs.86.52 |
|
Euro |
1 |
Rs.69.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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.