1. Summary Information
|
Country |
INDIA |
||
|
Company Name |
BMI CABLES PRIVATE LIMITED |
Principal Name 1 |
MR. KUMAR GOYAL |
|
Status |
SATISFACTORY |
Principal Name 2 |
MR. HARESH CHAND GOYAL |
|
Registration # |
55-097111 |
||
|
Street Address |
ROOM NO.307, 3RD FLOOR, BHIKAJI CAMA BHAWAN, NEW DELHI –
110 066 |
||
|
Established Date |
17.11.1998 |
SIC Code |
-- |
|
Telephone# |
91-11-46032371 |
Business Style 1 |
MANUFACTURER |
|
Fax # |
91-11-46032372 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
ELASTOMERIC (RUBBER) CABLES |
|
|
# of employees |
NOT AVAILABLE |
Product Name 2 |
CONTROL CABLES |
|
Paid up capital |
RS.5,951,150/- |
Product Name 3 |
XLPE POWER CABLES |
|
Shareholders |
BODIES
CORPORATE-19.09% DIRECTORS
OR RELATIVES OF DIRECTORS-80.91% |
Banking |
BANK OF INDIA |
|
Public Limited Corp. |
NO |
Business Period |
15 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
RELATED PARTIES |
-- |
K.G. METAL AND ALLOYS |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
90,607,000
|
Current Liabilities |
12,383,000
|
|
Inventories |
29,217,000
|
Long-term Liabilities |
94,886,000 |
|
Fixed Assets |
27,251,000 |
Other Liabilities |
4,304,000
|
|
Deferred Assets |
0,000 |
Total Liabilities |
111,573,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
29,551,000 |
|
|
|
Net Worth |
35,502,000 |
|
Total Assets |
147,075,000 |
Total Liab. & Equity |
147,075,000 |
|
Total Assets (Previous Year) |
165,160,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
297,953,000 |
Net Profit |
2,110,000 |
|
Sales(Previous yr) |
314,335,000 |
Net Profit(Prev.yr) |
2,113,00 |
|
Report Date : |
04.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
BMI CABLES PRIVATE LIMITED (w.e.f. 21.02.2008) |
|
|
|
|
Formerly Known
As : |
B M I IMPEX PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
Room No.307, 3rd Floor, Bhikaji Cama Bhawan, New Delhi –
110 066 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
17.11.1998 |
|
|
|
|
Com. Reg. No.: |
55-097111 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.5.951
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27209DL1998PTC097111 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELB05329C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB8128N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Elastomeric (Rubber), PVC, XLPE Power and
Control Cables, Mining, Telecommunication Cables including FR, FRLS and Low
Halogen Cables. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 142000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct 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) |
|
|
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 |
SME SE 2B |
|
Rating Explanation |
High performance capability and low financial strength. |
|
Date |
May, 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/ Corporate and Head Office Marketing : |
Room No.307, 3rd Floor, Bhikaji Cama Bhawan, New Delhi –
110 066, India |
|
Tel. No.: |
91-11-46032371/ 32968380/ 81/ 82 |
|
Fax No.: |
91-11-46032372 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
F-83+84, Kushkhera, RIICO Industrial Area, Bhiwadi, District: Alwar -
302 019, Rajasthan, India |
|
Tel. No.: |
91-1493-250385 |
|
Fax No.: |
91-1493-250399 |
DIRECTORS
As on 14.09.2012
|
Name : |
Mr. Kumar Goyal |
|
Designation : |
Director |
|
Address : |
A-8/22B, Vasant Vihar, New Delhi – 110 057, India |
|
Date of Birth/Age : |
31.03.1982 |
|
Date of Appointment : |
25.08.2001 |
|
DIN No.: |
01767191 |
|
|
|
|
Name : |
Mr. Haresh Chand Goyal |
|
Designation : |
Director |
|
Address : |
A-8/22B, Vasant Vihar, New Delhi – 110 057, India |
|
Date of Birth/Age : |
19.05.1953 |
|
Date of Appointment : |
21.01.2006 |
|
DIN No.: |
00156153 |
|
|
|
|
Name : |
Mrs. Renuka Goyal |
|
Designation : |
Director |
|
Address : |
A-8/22B, Vasant Vihar, New Delhi – 110 057, India |
|
Date of Birth/Age : |
29.08.1958 |
|
Date of Appointment : |
11.02.2003 |
|
DIN No.: |
00387045 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 14.09.2012
|
Names of Shareholders |
No. of Shares |
|
Renuka Goyal |
92960 |
|
Kumar Goyal |
77750 |
|
Haresh Chand Goyal |
143025 |
|
Monisha Goyal |
4540 |
|
Bimla Investment and Finance Limited, |
113635 |
|
Haresh Chand Goyal (HUF) |
163205 |
|
Total |
595115 |
As on 14.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
19.09 |
|
Directors
or relatives of directors |
|
80.91 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Elastomeric (Rubber), PVC, XLPE Power and
Control Cables, Mining, Telecommunication Cables including FR, FRLS and Low
Halogen Cables. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
“BMIC” |
GENERAL INFORMATION
|
Customers : |
|
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|
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No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||
|
|
|
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|
Bankers : |
|
|||||||||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M.K. Choudhary and Company Chartered Accountant |
|
Address : |
401, Padma Tower-II, 22, Rajendra Place, New Delhi – 110 008, India |
|
Telefax No.: |
91-11-25812103 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAKFM1554B |
|
|
|
|
Related Parties : |
|
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 millions |
|
|
|
|
|
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 millions |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
595115 |
Equity Shares |
Rs.10/- each |
Rs.5.951
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 |
5.951 |
5.951 |
5.951 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
29.551 |
27.666 |
25.553 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
35.502 |
33.617 |
31.504 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
51.487 |
56.479 |
78.160 |
|
|
2] Unsecured Loans |
43.399 |
49.024 |
13.554 |
|
|
TOTAL BORROWING |
94.886 |
105.503 |
91.714 |
|
|
DEFERRED TAX LIABILITIES |
0.604 |
0.595 |
0.837 |
|
|
|
|
|
|
|
|
TOTAL |
130.992 |
139.715 |
124.055 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
27.251 |
29.790 |
32.881 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
29.217
|
32.664 |
30.070
|
|
|
Sundry Debtors |
77.843
|
89.243 |
68.071
|
|
|
Cash & Bank Balances |
5.488
|
6.157 |
3.494
|
|
|
Other Current Assets |
1.218
|
0.954 |
0.000
|
|
|
Loans & Advances |
6.058
|
6.352 |
7.864
|
|
Total
Current Assets |
119.824
|
135.370 |
109.499 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
12.147
|
20.432 |
14.151
|
|
|
Other Current Liabilities |
0.236
|
1.118 |
0.644
|
|
|
Provisions |
3.700
|
3.895 |
3.566
|
|
Total
Current Liabilities |
16.083
|
25.445 |
18.361 |
|
|
Net Current Assets |
103.741
|
109.925 |
91.138
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.036 |
|
|
|
|
|
|
|
|
TOTAL |
130.992 |
139.715 |
124.055 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales (Net of Returns) |
297.953 |
314.335 |
242.324 |
|
|
|
Labour Charges |
0.913 |
1.188 |
0.000 |
|
|
|
Miscellaneous Income |
NA |
1.518 |
1.698 |
|
|
|
TOTAL (A) |
NA |
317.041 |
244.022 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Increase/ Decrease in Stock of Finished Goods |
NA |
8.291 |
(6.636) |
|
|
|
Raw Material Consumed |
NA |
256.104 |
172.990 |
|
|
|
Cost of Trading Goods Sold |
NA |
1.466 |
35.356 |
|
|
|
Manufacturing & Administrative Expenses |
NA |
33.076 |
26.262 |
|
|
|
Miscellaneous Expenditure W/off |
NA |
0.012 |
0.012 |
|
|
|
TOTAL (B) |
NA |
298.949 |
227.984 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
17.030 |
18.092 |
16.038 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
9.631 |
10.496 |
8.398 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7.399 |
7.596 |
7.640 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.168 |
4.683 |
4.355 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3.231 |
2.913 |
3.285 |
|
|
|
|
|
|
|
|
|
|
TAX (H) |
1.121 |
0.997 |
1.437 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2.110 |
2.113 |
1.848 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
19.523 |
17.410 |
15.562 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
19.523 |
17.410 |
|
|
|
|
|
|
|
|
|
|
IMPORT VALUE |
Nil
|
Nil
|
18.529 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.55 |
3.55 |
3.11 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA |
0.67 |
0.76
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.08 |
0.93 |
1.36
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.20 |
1.76 |
2.31
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.09 |
0.10
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.67 |
3.14 |
2.91
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
7.45 |
5.32 |
5.96
|
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
17) Major suppliers |
No |
|
18) Major customers |
Yes |
|
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 |
|
Unsecured Loans |
31.03.2012 (Rs. in Millions) |
31.03.2011 (Rs. in Millions) |
|
LONG TERM BORROWINGS |
|
|
|
Inter-corporate
Deposits |
3.000 |
5.000 |
|
From Directors
and Relatives |
4.618 |
9.914 |
|
SHORT TERM BORROWINGS |
|
|
|
Foreign currency
loan from Bank of India |
29.692 |
29.206 |
|
Aditya Birla
Finance Limited |
6.089 |
4.904 |
|
Total |
43.399 |
49.024 |
Note:
The Registered office of the company has been shifted from New Delhi – 110 057, India to the present address w.e.f. 01.04.2007
CONTINGENT LIABILITIES
NOT PROVIDED FOR
|
PARTICULARS |
31.03.2012 (Rs.
in millions) |
|
Guarantee given by Bank in favour of various parties |
1.618 |
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U27209DL1998PTC097111 |
|
Name of the company |
BMI CABLES
PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
Room No.307, 3rd Floor, Bhikaji Cama Bhawan, New Delhi –
110 066, India E-Mail: accounts@atulagg.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable Property Movable Property (not being pledge) |
|
Particular of charge holder |
Bank of India, SME Branch, Mayapuri Industrial Area, New Delhi – 110
064, India E-Mail: akandco@hotmail.com |
|
Nature of description of the instrument
creating or modifying the charge |
Agreement of Term Loan and Hypothecation
of Movable Assets/Goods/Property/Plant and Machinery and Oral Assent of
extension of Equitable Mortgage dated 20.04.2012 |
|
Date of instrument Creating the charge |
20.04.2012 |
|
Amount secured by the charge |
Rs.4.500 millions |
|
Brief particulars of the principal terms
an conditions and extent and operation of the charge |
Rate of Interest: 3.25% over Base Rate inclusive tenor
premium of 0.50% presently 14% p.a. with monthly rests or such rates as may
be notified Terms of Repayment: Repayment shall be made in 60 monthly
installments of Rs.0.075 million each commencing 6 months after first
disbursement payable on 30th of each month. Monthly interest is payable
separately as and when applied (Including Moratorium period) Margin: 25% Extent and Operation of the charge: 100% Others: The above is to secure Term Loan amounting
to Rs.4.500 millions granted to the company together with interest, costs,
expenses and other charges etc. |
|
Short particulars of the property charged |
Hypothecation of all machinery and plant
whether installed or to be installed in particular Briadng Machine 24
cariers, Bobbin Widing Machine, 50mm PLC extruder line, 500mm B type bunching
machine, 630mm A type bunching machine, 630mm Auto coiling machine, Middle
cross section coiling machine, 500-630 mm magnetic tension pay off, 630-1000
mm magnetic tension payoff, 70+35 mm PLC extruders etc. situated at factory
at Khushkhera, Bhiwadi and/or in transit and/or wheresoever situated. Equitable Mortgage on Immovable Properties
of the company situated at F-83 and 84, RIICO Industrial Area, Bhiwadi,
Rajasthan |
FIXED ASSETS:
·
Land – Leasehold
·
·
Data Processing M/C
·
Plant and Machinery
·
Furniture and Fixtures
·
Vehicle
·
TATA 407
·
TATA ACE
WEBSITE DETAILS:
PROFILE:
Subject is accredited with ISO 9001 : 2000 certification. This includes well established production lines, modern quality control factlities, up-to-date technical assistance wing and well planned plant utility and offsite facilities. This is supported by team of dedicated, experienced and qualified managerials, engineering and other staff. The Company always enjoyed an excellent industrial relations.
It has now an integrated cable manufacturing plant with facilities right from
wire drawing to packing of the finished products under one roof, and produces
cables of high quality with ISI certification. The utilities and offsite
facilities cover Water Storage, Steam Generation, Electrical Transformers,
Standby D.G Sets, Air Compressors and Material handling facilities.
The manufacturing facilities are supported with a workshop for ensuring adequate maintenance and upkeep of machineries. The testing and quality control section offers facilities to carry out all Routine, Acceptance and Type tests as per Indian as well as international standards.
BMI And other national / International standards like IEC,STM,JIS,VDE,DIN, It
has also designed, manufactured, tested and supplied wires and cables meeting
special requirements of various customers.
Excellent quality of cables is maintained by strict quality control at every
stage of manufacturing and by virtue of very stringent tests conducted as per
the relevant Specifications at their well equipped laboratory under the
supervision of qualified engineers and experts, subject has implemented an
extensive quality assurance and quality control programme. It's Testing
Laboratory is fully equipped with most sophisticated and imported instruments,
engineers are busy checking, testing and ensuring quality of inputs including
raw materials as well as the finished products at every stage. Their products
have been successfully type tested in- House and other government testing
laboratories.
Subject has a team of highly trained technical staff who could advise you
regarding suitability of cables for special applications and on laying
conditions for optimum economy and also advice you regarding the accessories
such as jointing, termination etc. Today, subject serves Power, Cement, Steel
Sector, Telecommunication and Fertilizer Companies as well as wide range of
Contractors and Industrial users.
Looking to the need of unfailing and dependable power transmission and
distribution to sustain the tempo of industrialization, subject has undertaken
extensive modernization, upgradation and expansion programme to enlarge its
products range to LT and HT Elastomeric (Rubber)/ PVC/XLPE Cables and provides
improved technical products and services.
Lastly, in line with the Corporate objectives of Quality Control, Perfection
and professionalism, subject has emerged as a force to reckon with.
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 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.54.39 |
|
|
1 |
Rs.82.05 |
|
Euro |
1 |
Rs.69.59 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.