1. Summary Information
|
|
|
Country |
|
|
Company Name |
SRI YANTRA ENGINEERING AGENCIES PRIVATE
LIMITED |
Principal Name 1 |
Mr. K Jayaraman |
|
Status |
Satisfactory |
Principal Name 2 |
Mrs. Rajeshwari Jayaraman |
|
|
|
Registration # |
08-011798 |
|
Street Address |
362/A, 10th Cross, 4th Phase,
Industrial Area, Peenya, Bangalore – 560058, Karnataka, India |
||
|
Established Date |
22.03.1991 |
SIC Code |
-- |
|
Telephone# |
91-80-40710555 |
Business Style 1 |
Trader |
|
Fax # |
91-80-40710556 |
Business Style 2 |
Importer |
|
Homepage |
Product Name 1 |
Simple Conventional Lathes |
|
|
# of employees |
27 (Approximately) |
Product Name 2 |
Slant Bed Tuning Centers and TurnMill Centers |
|
Paid up capital |
Rs. 7,480,000/- |
Product Name 3 |
--- |
|
Shareholders |
Directors or
relatives of Directors 100% |
Banking |
Syndicate Bank |
|
Public Limited Corp. |
No |
Business Period |
22 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (44) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
4,092,000 |
Current Liabilities |
15,050,000 |
|
Inventories |
22,822,000 |
Long-term Liabilities |
8,271,000 |
|
Fixed Assets |
22,954,000 |
Other Liabilities |
1,479,000 |
|
Deferred Assets |
0.000 |
Total Liabilities |
24,800,000 |
|
Invest& other Assets |
0.000 |
Retained Earnings |
17,588,000 |
|
|
|
Net Worth |
25,068,000 |
|
Total Assets |
49,868,000 |
Total Liab. & Equity |
49,868,000 |
|
Total Assets (Previous Year) |
60,396,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales (Total Income) |
157,609,000 |
Net Profit |
5,794,000 |
|
Sales(Previous yr) (Total Income) |
228,954,000 |
Net Profit(Prev.yr) |
11,246,000 |
MIRA
INFORM REPORT
|
Report Date : |
14.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
SRI YANTRA ENGINEERING AGENCIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
362/A, 10th Cross, 4th Phase, Industrial Area,
Peenya, Bangalore – 560058, Karnataka |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
22.03.1991 |
|
|
|
|
Com. Reg. No.: |
08-011798 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 7.480 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299KA1991PTC011798 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
BLRS12821E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS8041A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader, Importer and Distributors of Lathes Provides intelligent Turning
Solutions to their Clients with in-house Technical Centres at |
|
|
|
|
No. of Employees
: |
27 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
The company has seen a drastic dip in its sales turnover as well as net profitability
during 2013. However, trade relations are reported to be fair. Business is
active. Payments are reported to be usually correct and as per commitments. The company can be considered 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 – 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
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The report
says that the adverse effects of rupee depreciation are likely to be offset by
the gains in the exports performance due to improved external competitiveness.
Since May this year, the local currency has depreciated substantially and fell
to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social responsibility
in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
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 : |
362/A, 10th Cross, 4th Phase, Industrial Area,
Peenya, Bangalore – 560058, Karnataka, India |
|
Tel. No.: |
91-80-40710555 / 23304203 |
|
Fax No.: |
91-80-40710556 / 23309204 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
4050 Sq. ft. |
|
Location : |
Rented |
|
|
|
|
Warehouse : |
Located at Coimbatore |
|
Tel No. : |
91-4220-2625601 |
|
Area : |
9000 Sq. ft. |
|
Location : |
Rented |
|
|
|
|
Sales Centres : |
Located At : · Bangalore · Coimbatore · Chennai · Mumbai · Pune · Baroda · Ahmedabad · New Delhi · Ludhiana · Jamshedpur · Kolkata |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Krishnaswamy Jayaraman |
|
Designation : |
Director |
|
Address : |
Srinivasam F- 29, Manyata Residency, Outer Ring Road Nagavara,
Bangalore-560045, |
|
Date of Birth/Age : |
29.12.1954 |
|
Qualification : |
DME |
|
Date of Appointment : |
22.03.1991 |
|
DIN No.: |
00768350 |
|
|
|
|
Name : |
Mrs. Rajeshwari Jayaraman |
|
Designation : |
Director |
|
Address : |
Srinivasam F- 29, Manyata Residency, Outer Ring Road Nagavara,
Bangalore-560045, |
|
Date of Birth/Age : |
19.06.1955 |
|
Qualification : |
BA |
|
Date of Appointment : |
23.10.2001 |
|
DIN No.: |
00719161 |
|
|
|
|
Name : |
Mr. Ravishankar Jayaraman |
|
Designation : |
Director |
|
Address : |
Srinivasam F-29, Manyata Residency, Outer Ring Road, Bangalore –
560045, Karnataka, India |
|
Date of Birth/Age : |
20.09.1982 |
|
Date of Appointment : |
01.10.2010 |
|
DIN No.: |
03325389 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
K Jayaraman Jointly With Rajeshwari Jayaraman |
|
49960 |
|
Rajeshwari Jayaraman Jointly With K Jayaraman |
|
18720 |
|
K Jayaraman |
|
990 |
|
Ravishankar Jayaraman |
|
2160 |
|
Suma Jayaraman |
|
2970 |
|
TOTAL
|
|
74800 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Importer and Distributors of Lathes Provides intelligent
Turning Solutions to their Clients with in-house Technical Centres at |
|
|
|
|
Products : |
· Simple Conventional Lathes · Slant Bed Tuning Centres and Turn Mill Centres · High performance Twin Spindle Twin Turret CNC Lathes · CNC Automatic Lathes with up to 11 Axes Services Offered
: Application Engineering, Component Trials, Process Planing After Sales Service Support by Qualified Factory Trained Service
Engineers |
GENERAL INFORMATION
|
No. of Employees : |
27 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
· Syndicate Bank, No. 697, Raghavendra Krupa, Ramamandir Road, III Block, Rajajinagar, Bangalore – 560 010, Karnataka ·
ICICI Bank Limited · Axis Bank Limited, Credit Management Centre, 1st Floor, No.41, Seshadri Road, Anand Rao Circle, Bangalore - 560009, Karnataka, India · The Hongkong and Shanghai Banking Corporation Limited, 07 Mahatma Gandhi Road, Bangalore - 560001, Karnataka, INDIA |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
H R Yathiraj Chartered Accountant |
|
Address : |
No.05, II Floor, Narang Members, |
|
PAN No.: |
AACPY9959N |
|
|
|
|
Memberships : |
·
Federation of Karnataka Chambers of Commerce and
Industry ·
Confederation of Indian Industry |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000 |
Equity Shares |
Rs.100/- each |
Rs. 7.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
74800 |
Equity Shares |
Rs.100/-
each |
Rs. 7.480
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
7.480 |
|
(b) Reserves & Surplus |
|
|
17.588 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
25.068 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
4.026 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.024 |
|
(c) Other long term liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
0.000 |
|
Total Non-current Liabilities (3) |
|
|
4.050 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
4.245 |
|
(b) Trade payables |
|
|
4.731 |
|
(c) Other current
liabilities |
|
|
10.319 |
|
(d) Short-term provisions |
|
|
1.455 |
|
Total Current Liabilities (4) |
|
|
20.750 |
|
|
|
|
|
|
TOTAL |
|
|
49.868 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
22.854 |
|
(ii) Intangible Assets |
|
|
0.100 |
|
(iii) Capital
work-in-progress |
|
|
0.000 |
|
(iv) Intangible
assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
1.433 |
|
(e) Other Non-current assets |
|
|
0.000 |
|
Total Non-Current Assets |
|
|
24.387 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
22.822 |
|
(c) Trade receivables |
|
|
0.487 |
|
(d) Cash and cash
equivalents |
|
|
0.723 |
|
(e) Short-term loans and
advances |
|
|
1.362 |
|
(f) Other current assets |
|
|
0.087 |
|
Total Current Assets |
|
|
25.481 |
|
|
|
|
|
|
TOTAL |
|
|
49.868 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
7.480 |
7.480 |
|
|
2] Share Application Money |
|
0.000 |
0.666 |
|
|
3] Reserves & Surplus |
|
13.543 |
5.775 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
21.023 |
13.921 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
17.589 |
6.302 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
17.589 |
6.302 |
|
|
DEFERRED TAX LIABILITIES |
|
0.014 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
38.626 |
20.223 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
21.570 |
21.809 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.011 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
28.591
|
3.515
|
|
|
Sundry Debtors |
|
1.339
|
1.289
|
|
|
Cash & Bank Balances |
|
0.876
|
0.779
|
|
|
Other Current Assets |
|
0.128
|
0.000
|
|
|
Loans & Advances |
|
7.892
|
15.691
|
|
Total
Current Assets |
|
38.826
|
21.274 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
5.229
|
19.537
|
|
|
Other Current Liabilities |
|
10.856
|
2.200
|
|
|
Provisions |
|
5.685
|
1.134
|
|
Total
Current Liabilities |
|
21.770
|
22.871 |
|
|
Net Current Assets |
|
17.056
|
(1.597)
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
38.626 |
20.223 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
157.609 |
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
157.609 |
228.954 |
173.099 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
146.851 |
209.576 |
170.695 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
146.851 |
209.576 |
170.695 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
10.758 |
19.378 |
2.404 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.349 |
2.123 |
1.332 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
8.409 |
17.255 |
1.072 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.615 |
6.009 |
0.313 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
5.794 |
11.246 |
0.759 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
`NA |
5.015 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
17.588 |
13.543 |
5.775 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
21.893 |
20.745 |
6.547 |
|
|
TOTAL EARNINGS |
21.893 |
20.745 |
6.547 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
77.45 |
150.35 |
10.14 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
3.68
|
4.91
|
0.43
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.86
|
28.57
|
2.48
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34
|
0.82
|
0.07
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.33
|
0.84
|
0.45
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23
|
1.78
|
0.93
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
Note:
The registered office of the company has been shifted from
F-65, Industrial Estate, Rajajinagar, Bangalore – 560044, Karnataka, India to present
address w.e.f. 01.09.2010
OUTLOOK:
I must report to you that the company's performance in the financial year 2012 - 2013 has been just a bit better than originally forecast by us at the year beginning. However, the overall performance as compared to 2011-12 has been about 30% lesser mainly because of weak market conditions and expensive USD.
Their branded product - Alpha CNC Flat Bed Lathe - has continued to receive good response from users 8, business for this product has been stable.
For Galaxy CNC Lathes, we have faced severe competition. Due to weak market conditions, the larger manufacturers reduced prices of their products and introduced more aggressive strategies to push their sales. Galaxy has not beer, able to keep pace and sales suffered.
We could not secure any significant f business for any of the imported lines due to reasons mentioned earlier. While US D became expensive against INR, JPY weakened significantly resulting in Japanese machines becoming attractive to Indian buyers. In fact some Japanese machines became cheaper than Korean/Taiwanese machines. Their performance in Hanwha has been the worst hit.
There is some good news. We finalized marketing arrangement with the reputed brand Tongtai of Taiwan for their range of products including HMC, DTC, VMC, VTL etc.
The forecast for next FY 2013-14 is not at all encouraging. The automotive industry continues to be very weak, US Dollar continues to keep going upward and general market conditions are very weak.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10384224 |
06/12/2012 * |
20,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
07 MAHATMA GANDHI ROAD, BANGALORE, KARNATAKA - 560001, INDIA |
B63894208 |
* Date of charge modification
FIXED ASSETS
· Goodwill
· Land And Building
· Furniture And Fixture
· Office Equipments
· Motor Vehicles
· Computers
· Plant And Machinery
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.62.13 |
|
|
1 |
Rs.101.53 |
|
Euro |
1 |
Rs.85.41 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.