1. Summary Information
|
|
|
Country |
India |
|
Company Name |
FLOWSERVE INDIA
CONTROLS PRIVATE LIMITED |
Principal Name 1 |
Mr. Palghat Subramanian Sivaramakrishnan |
|
Status |
Good |
Principal Name 2 |
Mr. Willliam Durant Brown III |
|
|
|
Registration # |
08-21388 |
|
Street Address |
Plot No.4, 1-A, Road No.8, Export Promotion Industrial Park Whitefield
Bangalore – 560066, Karnataka, India |
||
|
Established Date |
13.11.1996 |
SIC Code |
-- |
|
Telephone# |
91-80-40146200 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-80-28410286 |
Business Style 2 |
Service Provider |
|
Homepage |
Product Name 1 |
Flow Control Product and Services |
|
|
# of employees |
15000
(Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.173,639,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings- 100% |
Banking |
ABN Amro Bank |
|
Public Limited Corp. |
No |
Business Period |
17 years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
A (65) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Fellow
Subsidiary |
Austria |
Flowserve (Austria) Gmbh |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
2,966,946,000 |
Current Liabilities |
2,828,831,000 |
|
Inventories |
1,771,478,000 |
Long-term Liabilities |
0,000 |
|
Fixed Assets |
743,319,000 |
Other Liabilities |
180,624,000 |
|
Deferred Assets |
57,429,000 |
Total Liabilities |
3,009,455,000 |
|
Invest& other Assets |
33,248,000 |
Retained Earnings |
2,389,326,000 |
|
|
5,572,420,000 |
Net Worth |
2,562,965,000 |
|
Total Assets |
|
Total Liab. & Equity |
5,572,420,000 |
|
Total Assets (Previous Year) |
3,487,443,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
NA |
Net Profit |
NA |
|
Sales(Previous yr) |
4,983,200,000 |
Net Profit(Prev.yr) |
647,400,000 |
MIRA
INFORM REPORT
|
Report Date : |
05.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
FLOWSERVE INDIA CONTROLS PRIVATE LIMITED (12th January
1998) |
|
|
|
|
Formerly Known
As : |
VALTAK INTERNATIONAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.4, 1-A, Road No.8, Export Promotion Industrial Park Whitefield
Bangalore – 560066, Karnataka |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
13.11.1996 |
|
|
|
|
Com. Reg. No.: |
08-21388 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.173.639 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85110KA1996PTC021388 (New) U29299KA1996PTC021388 (Old) |
|
|
|
|
IEC No.: |
0703005308 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRF00773D |
|
|
|
|
PAN No.: [Permanent Account No.] |
DLSPS0407R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Importer, Exporter and Service Provider of
Flow Control Product and Services. |
|
|
|
|
No. of Employees
: |
15000 (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 10250000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of Flowserve international INC USA. It is a
well established company having good track record. Financial position of the company appears to be sound. Net profit margin
of the company is growing. The company is in 500 list of America’s largest company. Trade relations are reported as fair. Business is active. Payments
terms are regular. The company can be considered good for business dealings at usual
trade terms and conditions. NOTE: Profit and Loss for the year 2012, is not available |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in agriculture,
industry and services. Dampening sentiment led to a cut-back in investment as
well as private consumption expenditure. Inflation remained at high
levels fuelled by the pressure from the food and fuel sectors. The large fiscal
and current account deficit s continued to cause grave concern. It is
imperative that India regains its growth trajectory of 8-9 % sooner than later.
This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
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.
INFORMATION DENIEDS BY
MANAGEMENT NON CORPORATIVE (91-80-40146200)
LOCATIONS
|
Registered Office : |
Plot No.4, 1-A, Road No.8, Export Promotion Industrial Park Whitefield
Bangalore – 560066, Karnataka, India |
|
Tel. No.: |
91-80-40146200 |
|
Fax No.: |
91-80-28410286 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
“The Oval”, III Floor, New No.10-12, Venkatnarayana Road, T. Nagar, Chennai – 600017, Tamilnadu, India |
|
Tel No.: |
91-44-24324800/ 24504100 |
|
Fax No.: |
91-44-24328754 |
|
|
|
|
Corporate Office : |
Unit-II, Plot No.31-C, 2nd Cross, Veerasandra Industrial
Estate, Hosur Road, Bangalore – 560100, Karnataka, India |
|
Tel. No.: |
91-80-33247903 |
|
|
|
|
Factory : |
S. F. Nos.136/3 and 137, Myleripalayam Road, Coimbatore – 641032, Tamilnadu, India |
|
Tel. No.: |
91-422-2612117/ 2612001 |
|
Fax No.: |
91-422-2612002 |
DIRECTORS
As on: 28.09.2012
|
Name : |
Mr. Palghat Subramanian Sivaramakrishnan |
|
Designation : |
Director |
|
Address : |
Block 22, 04-04, Melville Park, Simeri Street 1, Singapore – 529945 |
|
Date of Birth/Age : |
15.06.1958 |
|
Date of Appointment : |
31.03.2006 |
|
DIN No.: |
00194097 |
|
|
|
|
Name : |
Mr. Ajit Frances Devotta |
|
Designation : |
Director |
|
Address : |
No. 19, |
|
Date of Birth/Age : |
04.02.1960 |
|
Qualification : |
BE Mechanical, MS Industrial Engineering, MBA in Finance |
|
Experience : |
27 years |
|
Date of Appointment : |
23.03.2009 |
|
DIN No.: |
00349560 |
|
|
|
|
Name : |
Mr. Willliam Durant Brown III |
|
Designation : |
Director |
|
Address : |
608, Fairway View Terrace, Southlake, USA - 76092 |
|
Date of Birth/Age : |
17.11.1958 |
|
Date of Appointment : |
03.08.2007 |
|
DIN No.: |
01758279 |
|
|
|
|
Name : |
Mr. Asokan Venugopalan |
|
Designation : |
Whole Time Director |
|
Address : |
No.67/12, K g Layout Bharathi Park, 8th Cross Road,
Coimbatore – 641011, Tamilnadu, India |
|
Date of Birth/Age : |
04.06.1964 |
|
Qualification : |
BE – Mechanical |
|
Experience : |
23 years |
|
Date of Appointment : |
20.09.2011 |
|
DIN No.: |
03629587 |
|
|
|
|
Name : |
Fehlman Paul Wesley |
|
Designation : |
Director |
|
Address : |
3116, Westminter Ave, Dallas, Tx75205 USA |
|
Date of Birth/Age : |
31.08.1963 |
|
Date of Appointment : |
20.09.2011 |
|
DIN No.: |
05105422 |
KEY EXECUTIVES
|
Name : |
Mr. Krishna Kumar V.S |
|
Designation : |
Secretary |
|
Address : |
No. 369. 2nd Cross, 9th Block, Nagarbavi II stage,
Bangalore-560072, |
|
Date of Birth/Age : |
03.05.1966 |
|
Date of Appointment : |
20.03.2012 |
|
PAN No.: |
AEVPK0184N |
|
Email : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 28.09.2012
|
Names of Shareholders |
No. of Shares |
|
Flowserve International Inc.USA |
17363939 |
|
Flowserve International Inc., USA Jointly with Dara P Mehta and Uday Kamat |
1 |
|
|
|
|
Total
|
17363940 |
As on: 28.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Importer, Exporter and Service Provider of
Flow Control Product and Services. |
||||||
|
|
|
||||||
|
Products : |
|
PRODUCTION STATUS AS ON (31.03.02011)
|
Particulars |
Licensed Capacity |
Installed Capacity |
Actual Production |
|
|
|
|
|
|
Valves and Heavy Duty Actuators |
12750 |
-- |
3429 |
|
Pumps |
40000 |
-- |
4446 |
|
Electrical Actuator |
500 |
-- |
51 |
|
|
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
15000 (Approximately) |
|
|
|
|
Bankers : |
ABN Amro Bank, Presige Towers, Bangalore, Karnataka, India |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Warehouse Chartered Accountants |
|
Address : |
Mittal Towers, 10th Floor, C Wing, 47/6 M G Road, Bangalore – 560001, Karnataka, India |
|
Tel. No.: |
91-80-25587231 |
|
PAN No. : |
AAEFP5579P |
|
|
|
|
Holding Company : |
Flowserve International Inc, USA |
|
|
|
|
Ultimate Holding Company : |
Flowserve Corporation, USA |
|
|
|
|
Fellows Subsidiaries : |
·
Flowserve (Austria) Gmbh, Austria ·
Flowserve (Thailand) Limited, Thailand ·
Flowserve – Al Rushaid Company Limited, United
State ·
Flowserve / Abahsain Flow Control Company
Limited, United State ·
Flowserve / Valbart Flow Control S.R.L. United
State ·
Flowserve Ahaus Gmbh, Germany ·
Flowserve Australia Pty Limited, Austria ·
Flowserve B.V Netherlands, Netherland ·
Flowserve Canada Corp., Canada ·
Flowserve Colombia Ltda, Canada ·
Flowserve Dortmund GmbH &Company KG, United
State ·
Flowserve Essen Gmbh, Germany ·
Flowserve Essen Gmbh, Germany ·
Flowserve Flow Control GmbH, Germany ·
Motion and Control (Suzhou) Company Limited,
United State ·
Flowserve France Holding S.A.S., United State ·
Flowserve GB Limited, United State ·
Flowserve Gulf FZE, United State ·
Flowserve Industries Medina S.A. de C.V., United
State ·
Flowserve International Limited, United State ·
Flowserve Italy LLC, Italy ·
Flowserve Japan Company Limited, Japan ·
Flowserve Management Company, United State ·
Flowserve
Netherlands, Netherlands ·
Flowserve PMV, United State ·
Flowserve Pompes S.A.S., United State ·
Flowserve Pte. Limited, United State ·
Flowserve Pump Scranton, United State ·
Flowserve S.De R.L.De C.V, United State ·
Flowserve S.R.L, Argentina ·
Flowserve S.R.L, United State ·
Flowserve South Africa(Proprietary) Limited,
United State ·
Flowserve do Brasil Ltda., Brazil ·
Flowserve Hamburg GmbH, United State ·
Gestra Espanola, SA, United State ·
Ingersoll-DresserPumps S.r.l., United State |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18750000 |
Equity Shares |
Rs.10/- each |
Rs.187.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17363940 |
Equity Shares |
Rs.10/- each |
Rs.173.639 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
173.639 |
|
(b) Reserves & Surplus |
|
|
2389.326 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
0.000 |
|
(2) Share Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
2562.965 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c) Other long term liabilities |
|
|
31.642 |
|
(d) long-term provisions |
|
|
37.212 |
|
Total Non-current Liabilities (3) |
|
|
68.854 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
0.000 |
|
(b) Trade payables |
|
|
2029.476 |
|
(c) Other current
liabilities |
|
|
767.713 |
|
(d) Short-term provisions |
|
|
143.412 |
|
Total Current Liabilities (4) |
|
|
2940.601 |
|
|
|
|
|
|
TOTAL |
|
|
5572.420 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
734.448 |
|
(ii) Intangible Assets |
|
|
8.871 |
|
(iii) Capital
work-in-progress |
|
|
33.248 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
57.429 |
|
(d) Long-term Loan and Advances |
|
|
347.700 |
|
(e) Other Non-current assets |
|
|
0.278 |
|
Total Non-Current Assets |
|
|
1181.974 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
1771.478 |
|
(c) Trade receivables |
|
|
2170.872 |
|
(d) Cash and cash
equivalents |
|
|
253.751 |
|
(e) Short-term loans and
advances |
|
|
194.318 |
|
(f) Other current assets |
|
|
0.027 |
|
Total Current Assets |
|
|
4390.446 |
|
|
|
|
|
|
TOTAL |
|
|
5572.420 |
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
173.639 |
173.639 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
1656.631 |
1009.270 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
1830.270 |
1182.909 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1830.270 |
1182.909 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
609.754 |
561.501 |
|
|
Capital work-in-progress |
|
48.036 |
7.379 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
37.825 |
37.228 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
1221.975
|
691.315 |
|
|
Sundry Debtors |
|
870.813
|
598.561 |
|
|
Cash & Bank Balances |
|
342.103
|
412.220 |
|
|
Other Current Assets |
|
153.267
|
158.801 |
|
|
Loans & Advances |
|
203.670
|
95.499 |
|
Total
Current Assets |
|
2791.828
|
1956.396 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
1027.031
|
554.194 |
|
|
Other Current Liabilities |
|
537.213
|
462.294 |
|
|
Provisions |
|
92.929
|
363.107 |
|
Total
Current Liabilities |
|
1657.173
|
1379.595 |
|
|
Net Current Assets |
|
1134.655
|
576.801 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1830.270 |
1182.909 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
NA |
4983.200 |
4102.800 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
3946.800 |
3012.600 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
1036.400 |
1090.200 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
NA |
74.600 |
68.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
961.800 |
1022.200 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
314.400 |
354.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
NA |
647.400 |
668.100 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
800.400 |
798.200 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
|
0.000 |
66.800 |
|
|
|
Dividend Tax |
|
0.000 |
86.200 |
|
|
|
Interim and Proposed Final Dividend |
|
0.000 |
512.800 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
1447.800 |
800.500 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
NA |
2905.376 |
2624.116 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and Components |
|
1233.807 |
845.457 |
|
|
|
Stores & Spares |
|
4.497 |
12.828 |
|
|
|
Capital Goods |
|
8.582 |
11.721 |
|
|
|
Trade Goods |
|
29.782 |
45.684 |
|
|
TOTAL IMPORTS |
NA |
1276.668 |
915.690 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
NA |
37.28 |
38.48 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
12.99
|
16.28 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
28.28
|
40.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.53
|
0.86 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.00
|
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.49
|
1.68
|
1.42 |
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 two years |
Yes |
|
12] |
Profitability
for last two 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 |
No |
|
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 |
FIXED ASSETS:
· Freehold Land
· Building
· Plant and Machinery
· Office Equipment
· Furniture and Fixture
· Computer and Computer Software
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.60.80 |
|
|
1 |
Rs.91.95 |
|
Euro |
1 |
Rs.80.36 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.