MIRA
INFORM REPORT
|
Report Date : |
13.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
SCHENCK ROTEC INDIA LIMITED (w.e.f.
20.01.2006) |
|
|
|
|
Formerly Known
As : |
SCHENCK AVERY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. A-5, Sector 81, Phase II, Noida - 201 305, Uttar Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2011 |
|
|
|
|
Date of
Incorporation : |
11.07.1986 |
|
|
|
|
Com. Reg. No.: |
20-030401 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 86.385 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999UP1986PLC030401 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MRTS05159A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS6590E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Balancing and Diagnosis. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 800000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Trade relation are reported to be fair. Business is active. Payments are reported
to be usually correct and as per commitment. The company can be considered for business dealing at usual trade
terms and condition. Note: Subject has
changed its financial year which was earlier ending on December to now the
year ending on March. |
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 |
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/ Factory : |
Plot No. A-5, Sector 81, Phase II, Noida - 201 305, Uttar Pradesh,
India |
|
Tel. No.: |
91-120-2563174 / 2563175 / 2563176 /
2563177 / 2563178 / 2563179 |
|
Fax No.: |
91-120-2563172 / 2563173 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Sales Offices : |
Ø
Ahmedabad Ø
Ø
Chennai Ø
Ø
Ø
Ø
Pune |
DIRECTORS
AS ON 29.06.2012
|
Name : |
Mr. Vikas Chandra |
|
Designation : |
Managing director |
|
Address : |
T2/ 1103, Parsvanath Estate, Sector Omega Pocket P-2, Greater
Noida-201 306, Uttar Pradesh, India |
|
Date of Birth/Age : |
29.01.1955 |
|
Qualification : |
B. Tech from IIT Kanpur, MBA (PGDM) from IIM/Calcutta |
|
Date of Appointment : |
01.05.2002 |
|
Voter ID : |
FJF3878097 |
|
PAN No.: |
ADYPC0823G |
|
DIN No.: |
01390060 |
|
|
|
|
Name : |
Mr. Ralf Michael Fuchs |
|
Designation : |
Director |
|
Address : |
Untermain Anlage-5, 60329, Frankfurtam, Germany |
|
Date of Birth/Age : |
23.05.1958 |
|
Qualification : |
Diploma in Industrial
Engineering from University of Karlsruhe, Germany, Doctor of Engineering (
Dr.-Ing.) from University of Stuttgart, Germany |
|
Date of Appointment : |
11.09.2002 |
|
DIN No.: |
00841363 |
|
|
|
|
Name : |
Wolfgang Helmut Maria Scheithe |
|
Designation : |
Director |
|
Address : |
64347, Griesneim / Darmstadt Zeppelinstabe, 4A, Germany |
|
Date of Birth/Age : |
11.03.1950 |
|
Qualification : |
Diploma in
Physics from University of Darmstadt, Germany, Doctor of Natural Sciences ( Dr.
rer. nat. ) from University of Darmstadt, Germany |
|
Date of Appointment : |
29.06.2009 |
|
DIN No.: |
02630951 |
|
|
|
|
Name : |
Franz Peter Matheis |
|
Designation : |
Director |
|
Address : |
Max-Reger-Strasse-16, 69121, Heidelberg, Germany |
|
Date of Birth/Age : |
23.03.1967 |
|
Qualification : |
Diploma in Industrial Engineering from University of Kaiserslautern,
Germany |
|
Date of Appointment : |
29.06.2009 |
|
DIN No.: |
02634494 |
|
|
|
|
Name : |
Mr. Arvinder Singh |
|
Designation : |
Director |
|
Address : |
D-002, Suncity Heights, Golf Course Road, Sector-54, Gurgaon-122 003,
Haryana, India |
|
Date of Birth/Age : |
05.07.1955 |
|
Qualification : |
BA (Hons)
Economics. 1975, Shri Ram College of Commerce, Delhi University, Fellow of Institute
of Chartered Accountants of India New Delhi Qualified in 1980,Articled with
Price Waterhouse and Company |
|
Date of Appointment : |
09.11.2009 |
|
Voter ID : |
NWD1250414 |
|
DIN No.: |
02733311 |
KEY EXECUTIVES
|
Name : |
Mr. Roopali Agarwal |
|
Designation : |
Secretary |
|
Address : |
8/495, Adarsh Nagar, Opposite Modi Inter College, Modi Nagar, |
|
Date of Birth/Age : |
14.12.1975 |
|
Date of Appointment : |
16.02.2009 |
|
PAN No.: |
AKDPA2174J |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.06.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sudershan Kumar Bhatia |
|
1 |
|
Carl Schenck AG, Germany |
|
8638455 |
|
Saangeeta Alu |
|
1 |
|
Vikas Chandra |
|
3 |
|
Tarun Krishna Goswami |
|
1 |
|
Som Nath Sista |
|
2 |
|
A. K. Roy |
|
1 |
|
S. S. Sharma |
|
1 |
|
Total |
|
8638465 |
AS ON 29.06.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Balancing and Diagnosis. |
|
|
|
|
Products : |
Ø
Dynamic Balancing Machine Ø
Vibration Measuring Monitoring and Control
Equipments Ø
Dynamometer |
PRODUCTION STATUS AS ON 31.12.2010
|
Particulars |
Unit |
Licensed
Capacity * |
Installed
Capacity |
Actual
Production |
|
Dynamic Balancing Machine |
Nos. |
NA |
60 |
58 |
|
Vibration Measuring Monitoring and Control Equipments |
Nos. |
NA |
2500 |
1065 |
|
Dynamometer |
Nos. |
NA |
NA |
1 |
* Delicensed Products
GENERAL INFORMATION
|
No. of Employees : |
100 (Approximately) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
Yes Bank Limited,
9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant
Road, Worli, Mumbai- 400018,
Maharashtra, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S.S. Kothari Mehta and Company Chartered Accountants |
|
Address : |
146-149,Tribhuvan Complex, New Delhi - 110 065, India |
|
Tel. No.: |
91-11-46708888 |
|
Fax No.: |
91-11-66628889 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AABFS6730L |
|
|
|
|
Fellow Subsidiary company : |
Ø Schenck RoTec GmbH Darmstadt Germany Ø Schenck Shanghai Machinery Corporation Limited, Shanghai, China Ø Nagahama Seisakusho Limited, Osaka Ø Durr Assembly Products, GmbH, Germany Ø Durr Ecoclean, GmbH, Germany Ø Durr Brasil Ltd A, Brazil Ø Durr System Inc, United States Ø Durr Somac GmbH, Germany Ø Durr Ecoclean Inc, United States Ø Agramkow Asia Pacific Pte. Limited, Singapore Ø Durr I. T. Service GmbH, Germany |
CAPITAL STRUCTURE
AS ON 31.12.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9995000 |
Equity Shares |
Rs. 10/- each |
Rs. 99.950 Millions |
|
5000 |
Preference Shares |
Rs. 10/- each |
Rs. 0.050 Million |
|
|
Total |
|
Rs. 100.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8638465 |
Equity Share |
Rs.10/- each |
Rs. 86.385
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
86.385 |
86.385 |
86.385 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
115.491 |
88.486 |
58.793 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
201.876 |
174.871 |
145.178 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.291 |
1.591 |
0.075 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
1.291 |
1.591 |
0.075 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
203.167 |
176.462 |
145.253 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
59.935 |
52.594 |
44.141 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
4.167 |
3.533 |
3.698 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
126.745
|
75.468
|
64.196 |
|
|
Sundry Debtors |
99.636
|
87.347
|
95.894 |
|
|
Cash & Bank Balances |
46.980
|
82.170
|
17.355 |
|
|
Other Current Assets |
0.509
|
0.687
|
0.078 |
|
|
Loans & Advances |
12.073
|
12.696
|
16.433 |
|
Total
Current Assets |
285.943
|
258.368
|
193.956 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
94.886
|
72.906
|
48.879 |
|
|
Other Current Liabilities |
26.492
|
38.160
|
23.013 |
|
|
Provisions |
25.500
|
26.967
|
24.650 |
|
Total
Current Liabilities |
146.878
|
138.033
|
96.542 |
|
|
Net Current Assets |
139.065
|
120.335
|
97.414 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
203.167 |
176.462 |
145.253 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
303.834 |
284.707 |
173.188 |
|
|
|
Other Income |
71.884 |
50.495 |
34.839 |
|
|
|
TOTAL (A) |
375.718 |
335.202 |
208.027 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
148.597 |
122.179 |
|
|
|
|
Manufacturing service costs |
7.621 |
7.592 |
181.114 |
|
|
|
Employee related expenses |
99.412 |
78.401 |
|
|
|
|
Administrative selling other expenses |
70.233 |
80.742 |
|
|
|
|
Research development expenditure |
0.188 |
0.191 |
|
|
|
|
TOTAL (B) |
326.051 |
289.105 |
181.114 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
49.667 |
46.097 |
26.913 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.373 |
1.530 |
0.949 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
47.294 |
44.567 |
25.964 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7.614 |
5.496 |
4.292 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
39.680 |
39.071 |
21.672 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
12.675 |
9.378 |
7.875 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
27.005 |
29.693 |
13.797 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
57.097 |
27.404 |
13.607 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
84.102 |
57.097 |
27.404 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
60.974 |
9.795 |
28.074 |
|
|
|
Commission Earnings |
54.002 |
36.395 |
21.530 |
|
|
TOTAL EARNINGS |
114.976 |
46.190 |
49.604 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and Components |
56.432 |
28.309 |
15.804 |
|
|
TOTAL IMPORTS |
56.432 |
28.309 |
15.804 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.13 |
3.43 |
1.60 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
PAT / Total Income |
(%) |
7.19 |
8.86
|
6.63 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
13.06 |
13.72
|
12.51 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.47 |
12.56
|
9.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.22
|
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.01 |
0.001
|
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.95 |
1.87
|
2.01 |
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 |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating,
if available |
No |
OPERATIONS:
During the year
2011, the company has successfully executed prestigious orders for leading
Indian Companies such as IFB, LukIndia, JK Tyres, MRF, JOC international (China),
THK Nashik and China, TVS Mahindra Forgings, Maruti Udyog, Voith Turbo,
Kirloskar brothers, Forbes, Behr India, BFW,KSB pumps, BDL, Sumeet electrical
etc.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U74999UP1986PLC030401 |
|
Name of the company |
SCHENCK ROTEC INDIA LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
Plot No.A-5, Sector 81, Phase II, Noida-201 305, Uttar Pradesh, India Email: roopali@schenck-ind.com
|
|
This form is for |
Modification of
charge |
|
Charge identification (ID) number of the charge to be modified |
10177582 |
|
Type of charge |
·
Book debts ·
Movable property (not being pledge) ·
Floating charge ·
Others (Hypothecation on all Current& Movable
Fixed Assets) |
|
Particular of charge holder |
Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of
India, Dr. Annie Besant Road, Worli, Mumbai- 400018, Maharashtra, India Email: dlbbcaddel@yesbank.in CIN No.: L65190MH2003PLC143249 |
|
Nature of instrument creating charge |
Supplemental Deed of Hypothecation dated 8th November, 2012 executed
by Schenck Rotec India Ltd. in favour of Yes Bank Limited for securing credit
facilities of INR 40 Million |
|
Date of instrument Creating the charge |
08.11.2012 |
|
Amount secured by the charge |
Rs. 40.000 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest
WCDL- To be mutually decided at the time of disbursement. CC- Yes Bank Base Rate plus 2.00%p.a. PCFC/PSFC- To be decided by the Lender at the time of each disbursment PBG- 0.75% p.a Terms of
Repayment WCDL- Maximum 3 months CC- 12 months PCFC- 06 months PSFC- 03 months PBG- NA Margin WCDL- 25% on (Book debts <90 days), 100% on stocks CC- 25% on (Book debts <90 days), 100% on stocks PCFC- 10% of underlying PO/PI PSFC- 10% of invoice value PBG- 20% margin in the form of Fixed Deposit receipts to be kept under
lien with the Lender Extent and
Operation of the charge Exclusive charge in favour of Yes Bank Limited (Lender) on all current
and movable fixed assets (both present and future) of the borrower located
anywhere in India, during the tenor of the facility. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Exclusive charge in favour of Yes Bank Limited (Lender) on all current
and movable fixed assets (both present and future) of the borrower located
anywhere in India, during the tenor of the facility. |
|
Date of instrument modifying the charge |
22.03.2011 |
|
Particulars of the present modification |
Overall limits remain unchanged to INR 40.000 millions, Modification
is for addition of Packing Credit in Foreign Currency(PCFC)/ Post Shipment
Credit in foreign (PSFC) of INR 20.000 millions within overall existing limit
of INR 40.000 millions against exclusive charge on all current and movable fixed assets (both present and
future) of the borrower located anywhere in India, during the tenor of the
facility. Other T and C remaining same. |
CONTINGENT
LIABILITIES:
(Rs. In Millions)
|
Class of Provisions |
Balance as at January 1, 2011 |
Additions during the year |
Amounts used during
the year |
Unused amounts reversed during the
year |
Balance as December 31, 2011 |
|
(a) Warranty |
3.814 |
3.729 |
3.189 |
-- |
4.354 |
|
(b) Sales Commitment |
0.913 |
3.258 |
-- |
0.384 |
3.788 |
|
(c) Direct Tax Cases |
0.100 |
-- |
-- |
-- |
0.100 |
|
(d) Indirect Tax Cases (Includes interest of Rs. 403,980 considered in year 2007) |
3.100 |
-- |
-- |
1.101 |
2.000 |
|
(e) Security Deposit |
1.338 |
-- |
-- |
-- |
1.338 |
|
(f) Provision for sales tax cases |
0.457 |
0.300 |
-- |
-- |
0.757 |
|
Total |
9.722 |
7.288 |
3.189 |
1.484 |
12.336 |
FIXED ASSETS:
Ø Computer Software
Ø
Ø Building (Office and Factory)
Ø Plant and Machinery
Ø Furniture, Fixture and Office Equipments
Ø Motor Vehicles
Ø Motor Vehicles on Lease
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. 53.96 |
|
|
1 |
Rs. 84.49 |
|
Euro |
1 |
Rs. 72.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
|
TOTAL |
|
48 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.