MIRA
INFORM REPORT
|
Report Date : |
03.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
ROCKMAN INDUSTRIES LIMITED |
|
|
|
|
Registered Office : |
A-7, Focal Point Phase V, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
25.11.1981 |
|
|
|
|
Com. Reg. No.: |
16-004729 |
|
|
|
|
Paid-up Capital : |
Rs. 151.564 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U35921PB1981PLC004729 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
JLDR00965G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturing of Automotive Components. |
|
|
|
|
No. of Employees : |
About 2000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (65) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 13900000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having fine track record. Financial
position of fine company appears to be sound. Trade relations are reported as
fair. Business is active. 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 |
AA [Long Term] |
|
Rating Explanation |
High degree of safety. It carry very low credit risk. |
|
Date |
January 2012 |
|
Rating Agency Name |
ICRA |
|
Rating |
A1 + [Short Term] |
|
Rating Explanation |
Highest degree of safety. It carry low 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 : |
A-7, Focal Point Phase V, Ludhiana-141010, |
|
Tel. No.: |
91-161-2670701/ 2670702/4 |
|
Fax No.: |
91-161-2670700 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office
: |
503, 5th Floor Rectangle 1, D4, Saket District Center, New
Delhi-110017, Delhi, India |
|
Tel. No.: |
91-11-43270701/05 |
|
E-Mail : |
|
|
|
|
|
Factory : |
3/P-1, Sector 10, Siducul, Haridwar, |
DIRECTORS
AS ON 30.07.2012
|
Name : |
Ms. Suman Kant Munjal |
|
Designation : |
Managing Director |
|
Address : |
26, |
|
Date of Birth/Age : |
26.02.1953 |
|
Date of Appointment : |
10.01.1986 |
|
DIN No. : |
00002803 |
|
|
|
|
Name : |
Mr. Sanjay Tandon |
|
Designation : |
Additional Director |
|
Address : |
House No. 1556, Sector 18-D, Chandigarh-160018, |
|
Date of Birth/Age : |
10.09.1963 |
|
Date of Appointment : |
11.06.2007 |
|
DIN No. : |
00484699 |
|
|
|
|
Name : |
Mr. Ujjwal Munjal |
|
Designation : |
Whole Time Director |
|
Address : |
26, |
|
Date of Birth/Age : |
17.12.1978 |
|
Date of Appointment : |
30.06.2008 |
|
DIN No. : |
01051972 |
|
|
|
|
Name : |
Mr. Mohamad Abdul Zahir |
|
Designation : |
Director |
|
Address : |
95, New Rajguru Nagar, Ludhiana-141002, |
|
Date of Birth/Age : |
18.12.1942 |
|
Date of Appointment : |
11.03.2002 |
|
DIN No. : |
00002973 |
|
|
|
|
Name : |
Mr. Surinder Kumar Mehta |
|
Designation : |
Director |
|
Address : |
HM-147, PB, Housing Board Colony, Jamalpur, Ludhiana-141002, |
|
Date of Birth/Age : |
06.12.1934 |
|
Date of Appointment : |
11.03.2002 |
|
DIN No. : |
00002888 |
|
|
|
|
Name : |
Mr. Sridhar Venkiteswaran |
|
Designation : |
Director |
|
Address : |
C-34, III Floor, Panchsheel Enclave, New Delhi-110017, India |
|
Date of Birth/Age : |
07.07.1966 |
|
Date of Appointment : |
08.06.2011 |
|
DIN No. : |
03499271 |
|
|
|
|
Name : |
Mr. Brijmohan Lall Munjal |
|
Designation : |
Director |
|
Address : |
B-109, Greater Kailash – I, |
|
Date of Birth/Age : |
01.07.1923 |
|
Date of Appointment : |
29.05.2010 |
|
DIN No. : |
00004134 |
|
|
|
|
Name : |
Mr. Pawan Munjal |
|
Designation : |
Director |
|
Address : |
B-109, Greater Kailash – I, |
|
Date of Birth/Age : |
29.10.1954 |
|
Date of Appointment : |
29.05.2010 |
|
DIN No. : |
00004223 |
|
|
|
|
Name : |
Mr. Sunil Kant Munjal |
|
Designation : |
Director |
|
Address : |
Kothi No 1 – A, Friends Colony West, |
|
Date of Birth/Age : |
14.12.1957 |
|
Date of Appointment : |
29.05.2010 |
|
DIN No. : |
00003902 |
|
|
|
|
Name : |
Mr. Rahul Munjal |
|
Designation : |
Director |
|
Address : |
B-109, Greater Kailash – I, |
|
Date of Birth/Age : |
14.01.1976 |
|
Date of Appointment : |
29.05.2010 |
|
DIN No. : |
00118339 |
KEY EXECUTIVES
|
Name : |
Ms. Bindu Garg |
|
Designation : |
Company Secretary |
|
Address : |
20, Upkar Nagar, |
|
Date of Birth/Age : |
01.06.1975 |
|
Date of Appointment : |
08.06.2005 |
|
Pan No. : |
AENPG7117H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.07.2012
|
Names of Shareholders |
|
No. of Shares |
|
Suman Kant Munjal |
|
576000 |
|
Pawan Kant Munjal |
|
576000 |
|
Sunil Kant Munjal |
|
576000 |
|
Renu Munjal |
|
192000 |
|
Abhimanyu Munjal |
|
192000 |
|
Rahul Munjal |
|
192000 |
|
Suman Munjal |
|
576000 |
|
Bahadur Chand Investments (Private) Limited, India |
|
909091 |
|
Hero Investcorp Limited (Formerly Puja Investments Private Limited),
India |
|
10458182 |
|
Munjal Acme Packaging Systems Limited, India |
|
909091 |
|
|
|
|
|
TOTAL
|
|
15156364 |
AS ON 30.07.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
81.00 |
|
Directors
or relatives of directors |
|
19.00 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Automotive Components. |
||||||||
|
|
|
||||||||
|
Products : |
High Pressure
Die Casting
Low Pressure Die
Casting
Gravity Casting
|
PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Automobile Chain |
Nos. |
-- |
5041731 |
|
Auto Parts (Numerous) |
Nos. |
-- |
32895815 |
|
Automobile Wheel |
Nos. |
-- |
1107282 |
NOTE: It is not feasible to give installed
capacities of Auto Parts as numerous items of auto Parts having difference
weight are manufactured by the company. However, the installed capacities for
casting of Aluminium at Ludhiana Plant is 11700 metric tones per year and
Haridwar plant capacity is 57422 metric tones per year.
GENERAL INFORMATION
|
No. of Employees : |
About 2000 (Approximately) |
|||||||||||||||||||||||||||||||||
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|
Bankers : |
·
Standard Chartered Bank, (Acting as an Security
Agent) CDU, Narain Manzil, 23, Barakhamba Road, New Delhi-110001, India ·
Punjab National Bank, Miller Ganj,
Ludhiana-141003, Punjab, India ·
State Bank of India, Overseas Branch,
Ludhiana-141001, Punjab, India ·
Yes Bank |
|||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B D Bansal and Company Chartered Accountants |
|
Address : |
34-A, Court Road, Amritsar-143001, Punjab, India |
|
PAN No: |
AABFB0018J |
|
|
|
|
Holding Company : |
Hero Investcorp Limited [U67120PB1981PLC004754] |
|
|
|
|
Other Related Parties : |
·
Munjal Showa Limited [L34101HR1985PLC020934] ·
Highway Industries Limited
[U00000PB1971PLC003012] ·
Hero Motocorp Limited [L35911DL1984PLC017354] ·
Hero Mindmine Institute Limited
[U80904DL2007PLC163580] ·
Hero Cycles Limited [U35911PB1966PLC002667] ·
Hero Corporate Services Limited
[U74899DL1995PLC065253] ·
Hero Investment Private Limited ·
Bahadurchand Investment Private Limited ·
Munjal Acma Packaging system Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
16000000 |
Equity Shares |
Rs.10/- each |
Rs.160.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15156364 |
Equity Shares |
Rs.10/- each
|
Rs.151.564
Millions |
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 |
151.564 |
151.564 |
151.564 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
3337.515 |
2371.407 |
1704.040 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
3489.079 |
2522.971 |
1855.604 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
558.956 |
748.234 |
1193.182 |
|
|
2] Unsecured Loans |
61.191 |
157.659 |
849.783 |
|
|
TOTAL BORROWING |
620.147 |
905.893 |
2042.965 |
|
|
DEFERRED TAX LIABILITIES |
65.037 |
46.083 |
39.444 |
|
|
|
|
|
|
|
|
TOTAL |
4174.263 |
3474.947 |
3938.013 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3352.533 |
2995.255 |
2662.184 |
|
|
Capital work-in-progress |
174.020 |
13.876 |
7.523 |
|
|
|
|
|
|
|
|
INVESTMENT |
37.915 |
215.389 |
93.905 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
458.332
|
500.893 |
224.408
|
|
|
Sundry Debtors |
1624.465
|
1767.181 |
958.212
|
|
|
Cash & Bank Balances |
161.280
|
66.673 |
34.240
|
|
|
Other Current Assets |
28.707
|
0.425 |
0.000
|
|
|
Loans & Advances |
599.706
|
282.230 |
1154.293
|
|
Total
Current Assets |
2872.490
|
2617.402 |
2371.153 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1527.633
|
1783.352 |
515.918
|
|
|
Other Current Liabilities |
636.542
|
504.838 |
636.650
|
|
|
Provisions |
98.520
|
78.785 |
44.184
|
|
Total
Current Liabilities |
2262.695
|
2366.975 |
1196.752
|
|
|
Net Current Assets |
609.795
|
250.427 |
1174.401
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4174.263 |
3474.947 |
3938.013 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
12742.520 |
10017.062 |
7077.747 |
|
|
|
Other Income |
19.827 |
62.515 |
67.418 |
|
|
|
TOTAL (A) |
12762.347 |
10079.577 |
7145.165 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
8869.016 |
7044.635 |
|
|
|
|
Employee benefit expense |
668.726 |
498.613 |
|
|
|
|
Other expenses |
1791.772 |
1417.191 |
6122.604 |
|
|
|
Changes in inventories
of finished goods, work-in-progress and stock-in-trade |
(24.916) |
(39.512) |
|
|
|
|
TOTAL (B) |
11304.598 |
8920.927 |
6122.604 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1457.749 |
1158.650 |
1022.561 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
94.090 |
135.353 |
151.572 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1363.659 |
1023.297 |
870.989 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
314.375 |
264.656 |
225.846 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
1049.284 |
758.641 |
645.143 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
21.523 |
47.236 |
108.828 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
1027.761 |
711.405 |
536.315 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1826.900 |
1230.700 |
792.253 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
102.800 |
71.200 |
53.632 |
|
|
|
Proposed Dividend |
53.000 |
37.900 |
37.891 |
|
|
|
Tax on Dividend |
8.600 |
6.100 |
6.293 |
|
|
BALANCE CARRIED
TO THE B/S |
2690.261 |
1826.905 |
1230.752 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
50.693 |
51.414 |
31.810 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
NA |
261.413 |
|
|
|
Stores & Spares |
NA |
NA |
90.478 |
|
|
|
Capital Goods |
NA |
NA |
41.845 |
|
|
TOTAL IMPORTS |
NA |
NA |
393.736 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
67.81 |
46.94 |
35.39 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
8.05
|
7.05 |
7.50 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.23
|
7.57 |
9.12 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.85
|
13.52 |
12.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30
|
0.30 |
0.35 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.17
|
0.35 |
1.10 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.27
|
1.10 |
1.98 |
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 |
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 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10324282 |
|
Corporate
identity number of the company |
U35921PB1981PLC004729 |
|
Name of the
company |
ROCKMAN
INDUSTRIES LIMITED |
|
Address of the
registered office or of the principal place of business in |
A-7, Focal Point Phase V, Ludhiana-141010, |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Standard Chartered Bank, (Acting as an Security Agent) CDU, Narain
Manzil, 23, Barakhamba Road, New Delhi-110001, India Email: ashima.Tandon@sc.com |
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum of
entry. |
|
Date of
instrument Creating the charge |
14.12.2012 |
|
Amount secured by
the charge |
Rs.636.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest ECB of USD
12,000,000 and for the purpose of filing of form-8, ECB facility to the
extent of USD 12,000,000 has been converted to Rs. 636.000 Millions (1 USD =
Rs. 53/- each) Terms of Repayment As per facility
agreement dated 09.12.2011 to be amended from time to time. Margin As per facility
agreement dated 09.12.2011 to be amended from time to time. Extent and Operation of the charge The security by way
of specific first charge over movable/imm. Fixed assets of auto chain plant
of the co. at mangli, Ludhiana has been created in favour of standard
chartered bank for the purpose of securing the external commercial borrowing
facility to the extent of USD 12,000,000 granted / to be granted to Rockman
Industries Limited. Others For the purpose
of filing the form 8, it is clarified that the facility amount is repayable
in USD, hence, any repayment from the sale / enforcement proceeds of the
above said assets shall be made at the prevailing foreign currency exchange
rate, for conversion from Indian rupees to USD, at the time of repayment, to
ensure full repayment of the facility amount. |
|
Short particulars
of the property charged |
Hypothecation by
way of specific first charge over all present and future of the moveable
properties of the borrower including plant and machinery at mangli, Ludhiana Furniture and
fittings, equipment, computers hardware, computer software, machinery spares,
tools and accessories and other movables etc. Stored or to be stored at
company's Godowns at
mangli, Ludhiana or premises situated at phase-viii, mangli, Ludhiana, Punjab
(new Ludhiana plant for auto chain project) |
|
Particulars of
the present modification |
ECB of Rs. 63.60
cr. (USD 12 million) shall adlly. be secured by first charge over co's immo.
prop. i.e. Khasra no. 18//12/1, 12/2, 9,10,11,19, 18/3, 27, 13, 22, 21, 20,
19//6, 7, 13/2, 14/1, 15, 16/1, 17/1/2, 2, 3/1, 3/2, 9/1, 9/2, 12/1, 8, sit.
at phase-viii, mangli, Ludhiana, Punjab together with all build. and struc.
const./to be const. thereon, fixed p/mach. attached to the earth or
permanently fastened to anything attached to the earth, f/fittings
erected/installed or to be erected/installed |
FIXED ASSETS:
·
·
·
Building
·
Machinery and Equipments
·
Furniture and Fittings
·
Vehicles
·
Computer software
·
Technical know-how
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 exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.33 |
|
|
1 |
Rs.82.72 |
|
Euro |
1 |
Rs.69.82 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
65 |
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.