1. Summary Information
|
|
|
Country |
India |
|
Company Name |
SAMSUNG C AND T INDIA PRIVATE LIMITED |
Principal Name 1 |
Ho Bong Kang |
|
Status |
Satisfactory |
Principal Name 2 |
Young Oh Kim |
|
|
|
Registration # |
55-169971 |
|
Street Address |
B-2, 2nd Floor, The Mira Corporate Suites, Plot No.1 and 2,
Old Ishwar Nagar, Mathura Road, New Delhi - 110065 |
||
|
Established Date |
30.10.2007 |
SIC Code |
-- |
|
Telephone# |
91-11-46559000 |
Business Style 1 |
Service Provider |
|
Fax # |
91-11-46559090 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
-- |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
111,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings – 100% |
Banking |
Shinhan Bank |
|
Public Limited Corp. |
No |
Business Period |
6 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (44) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding Company |
-- |
Samsung C&T Corporation |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,237,747,000 |
Current Liabilities |
590,837,000 |
|
Inventories |
25,250,000 |
Long-term Liabilities |
500,279,000 |
|
Fixed Assets |
110,592,000 |
Other Liabilities |
17,056,000 |
|
Deferred Assets |
2,725,000 |
Total Liabilities |
1,108,172,000 |
|
Invest& other Assets |
0 |
Retained Earnings |
157,142,000 |
|
|
|
Net Worth |
268,142,000 |
|
Total Assets |
1,376,314,000 |
Total Liab. & Equity |
1,376,314,000 |
|
Total Assets (Previous Year) |
491,330,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
2,042,035,000 |
Net Profit |
9,947,000 |
|
Sales(Previous yr) |
625,177,000 |
Net Profit(Prev.yr) |
68,903,000 |
MIRA
INFORM REPORT
|
Report Date : |
19.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
SAMSUNG C AND T INDIA PRIVATE LIMITED (w.e.f. 19.03.2009) |
|
|
|
|
Formerly Known
As : |
SAMSUNG E AND C INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-2, 2nd Floor, The Mira Corporate Suites, Plot No.1 and 2,
Old Ishwar Nagar, Mathura Road, New Delhi - 110065 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
30.10.2007 |
|
|
|
|
Com. Reg. No.: |
55-169971 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 111.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45400DL2007FTC169971 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AALCS2873B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is
primarily engaged in the business of Engineering, procurement and
Construction, Business Development, trading of various products and export of
marketing services through its branch offices. |
|
|
|
|
No. of Employees
: |
Not Available |
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 1070000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of “Samsung C and T Corporation”. It is a well established company having a satisfactory track record.
There appears drastic fall in the profitability during the current year. However, performance capability seems to be improving. The subject
gets good support from its holding company. 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 normal business dealings at usual
trade terms and condition. |
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 |
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 : |
B-2, 2nd Floor, The Mira Corporate Suites, Plot No.1 and 2,
Old Ishwar Nagar, Mathura Road, New Delhi - 110065, India |
|
Tel. No.: |
91-11-46559000 |
|
Fax No.: |
91-11-46559090 |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
18th Floor, Tower-C, Building No. 5, DLF Cyber City, Phase
III, Gurgaon-122002, Haryana, India |
|
Tel. No.: |
91-124-4981200 |
|
Fax No.: |
91-124-4981202 |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Ho Bong Kang |
|
Designation : |
Managing director |
|
Address : |
A/3, 1003, 10th Floor, Sahara Grace, M G Road,
Gurgaon-122002, Haryana, India |
|
Date of Birth/Age : |
28.07.1963 |
|
Date of Appointment : |
30.11.2009 |
|
DIN No.: |
02855786 |
|
|
|
|
Name : |
Young Oh Kim |
|
Designation : |
Director |
|
Address : |
A 142, Groun Floor, Nit Bagh, New Delhi – 110049, India |
|
Date of Birth/Age : |
11.06.1960 |
|
Date of Appointment : |
28.12.2011 |
|
DIN No.: |
05159890 |
|
|
|
|
Name : |
Joongfa Kim |
|
Designation : |
Managing director |
|
Address : |
102, Anand Lok, First Floor, New Delhi – 110049, India |
|
Date of Birth/Age : |
18.11.1964 |
|
Date of Appointment : |
11.04.2012 |
|
DIN No.: |
05251325 |
KEY EXECUTIVES
|
Name : |
Ms. Kanika Mahna |
|
Designation : |
Secretary |
|
Address : |
B 204, Janak Puri, New Delhi – 110058, India |
|
Date of Birth/Age : |
18.09.1986 |
|
Date of Appointment : |
17.04.2012 |
|
PAN No.: |
BATPM3395N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Samsung E and C America Inc., USA |
|
1 |
|
Samsung C and T Corporation, Korea |
|
7999999 |
|
Samsung C and T Corporation, Korea |
|
3100000 |
|
|
|
|
|
Total |
|
11100000 |
AS ON 28.09.2012
|
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 : |
Subject is primarily
engaged in the business of Engineering, procurement and Construction,
Business Development, trading of various products and export of marketing
services through its branch offices. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
Shinhan Bank, Mercantile House, Upper Ground Floor, 15, Kasturba
Gandhi Marg, New Delhi – 110001, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Dass Gupta and
Associates Chartered Accountants |
|
Address : |
A-51, Hauz Khas, 1st Floor, New Delhi – 110016, India |
|
Tel. No.: |
91-11-46111000 (30 Lines) |
|
Fax No.: |
91-11-46111099 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AQLPM6561F |
|
|
|
|
Holding Company : |
Samsung C&T Corporation |
|
|
|
|
Liason Office of
Holding Company : |
Samsung C&T Corporation Liason Office |
|
|
|
|
Subsidiary of
Holding Company : |
Samsung Hong Kong Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17,400,000 |
Equity Shares |
Rs. 10/- each |
Rs. 174.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11,100,000 |
Equity Shares |
Rs. 10/- each |
Rs. 111.000
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 |
111.000 |
111.000 |
80.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
46.500 |
|
|
3] Reserves & Surplus |
157.142 |
147.196 |
62.793 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
268.142 |
258.196 |
189.293 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
403.279 |
21.408 |
0.000 |
|
|
2] Unsecured Loans |
97.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
500.279 |
21.408 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
768.421 |
279.604 |
189.293 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
110.592 |
16.141 |
14.270 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
2.725 |
2.988 |
1.156 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
25.250
|
5.958 |
0.000
|
|
|
Sundry Debtors |
820.292
|
130.877 |
117.746
|
|
|
Cash & Bank Balances |
73.012
|
183.029 |
161.496
|
|
|
Other Current Assets |
43.382
|
56.976 |
0.000
|
|
|
Loans & Advances |
301.061
|
95.361 |
143.861
|
|
Total
Current Assets |
1262.997
|
472.201 |
423.103
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
46.047
|
38.178 |
142.601 |
|
|
Other Current Liabilities |
544.790
|
133.870 |
71.692
|
|
|
Provisions |
17.056
|
39.678 |
35.199
|
|
Total
Current Liabilities |
607.893
|
211.726 |
249.492
|
|
|
Net Current Assets |
655.104
|
260.475 |
173.611
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.256 |
|
|
|
|
|
|
|
|
TOTAL |
768.421 |
279.604 |
189.293 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
2042.035 |
625.177 |
|
|
|
|
Other Income |
24.054 |
6.189 |
|
|
|
|
TOTAL (A) |
2066.089 |
631.366 |
759.186 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Construction |
957.674 |
290.668 |
|
|
|
|
Purchase of Stock-in-trade |
842.438 |
82.421 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and
Stock-in-trade |
(19.292) |
(5.958) |
|
|
|
|
Employee benefit expenses |
127.304 |
86.551 |
|
|
|
|
Other expenses |
114.357 |
64.568 |
|
|
|
|
TOTAL (B) |
2022.481 |
518.250 |
610.909 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
43.608 |
113.116 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
14.391 |
1.278 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
29.217 |
111.838 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.492 |
6.567 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
22.725 |
105.271 |
148.277 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
12.778 |
36.368 |
49.642 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
9.947 |
68.903 |
98.635 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Service Charges |
125.826 |
123.185 |
82.240 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Hot Rolled Steel Plates |
341.389 |
0.000 |
0.000 |
|
|
|
Abs Natural Grade |
7.092 |
0.000 |
0.000 |
|
|
|
Traded Goods |
251.160 |
1.639 |
0.000 |
|
|
|
Capital Goods |
34.194 |
0.000 |
0.000 |
|
|
|
Consumables |
25.864 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
659.699 |
1.639 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.90 |
7.09 |
12.33 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.48
|
10.91 |
12.99 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.11
|
16.84 |
N.A. |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.65
|
21.56 |
33.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.41 |
0.78 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.87
|
0.08 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.08
|
2.23 |
1.70 |
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 |
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 |
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 |
BACKGROUND:
Samsung C and T India
Private Limited (Formerly Samsung E and C India Private Limited) (“the
Company”) is a company registered under the Companies Act, 1956. It was
incorporated on 30.10.2007 as subsidiary of foreign company Samsung C and T
Corporation (Earlier known as Samsung Corporation) and started its business
operation from 14.11.2007. The company is primarily engaged in the business of
Engineering, procurement and Construction, Business Development, trading of
various products and export of marketing services through its branch offices.
TVS construction
project is the branch office of Samsung C and T India Private Limited.
involving execution of contract for on shore supply and services for contract
–B with DMRC of the Mass Rapid Transport System Face II vide letter of
acceptance no. DMRC/ELECT/CONTRACT/BE 99 Lot2/24870 dated 26.05.2008.
Oasis Mixed use
Project is the branch office of Samsung C and T India Private Limited.
Involving execution of contract for construction of Mixed Use Project located
in Worli, Mumbai and has entered into a contract with Oasis Reality vide letter
of Acceptance No. LOA/29072011 dated, July 29th, 2011.
FINANCIAL PERFORMANCE:
During the period
company has shown good growth in both Construction and Trading division.
Company has spearheaded its efforts in Indent business by its brilliant
Construction services, although the true picture has been has just starting to
coming up which will be more visible in the coming years. The results are
slowly but steadily visible in the form of enhancement in more profits, getting
more projects awarded in the name of Company with various Government
authorities as well as international clients, and increase in clientage,
improved brand recognition and facilitation by other ancillary factors. As a
result of the series of measures undertaken, the Company has seen an augment in
the client referrals for the new project launches, financial impact of which
can be seen in the forthcoming years. Company has also established their two
branch offices in Mumbai this year.
Trading division
has started a domestic business in Delhi and Mumbai offices. Further Company
increased the men power to support the domestic business. Company is working
hard to grow the Commission based business in India and planning to establish its
branch office in Pune. They are looking for the more domestic business in
coming time in Steel, chemicals, commodities. The actual results will be seen
in the coming time.
The Company is
looking forward to Delhi Metro Rail Project (DMRC), Housing Projects with DLF
and other developers and company is also looking for new business opportunities
in the field of construction, hydro sector and infrastructure. On the other
hand Trading division is also shown very good sign of growth they have very
good potential in Steel, Petrochemicals, electronics and other commodities.
CONTINGENT
LIABILITIES
Ø Performance
Guarantee issued to ‘Delhi Metro Rail Corporation’ towards performance of the
contract undertaken by the project office are as follows:-
- Performance
Guarantee for Rs. 0.832 Million (Previous year Rs. 1.760 Millions) valid upto
08.03.2013
- Performance
Guarantee for Rs. 50.171 Millions (Previous year Rs. 98.924 Millions) valid up
to 30.01.2013
Ø Bank Guarantee issued
to ‘Delhi Metro Rail Corporation’ as security for release of Retention Money in
accordance with the terms of Contract.
- Bank Guarantee
for Retention Money for Rs. 25.086 Millions (Previous year Nil) valid upto
30.01.2013.
- Bank Guarantee
for Retention Money for Rs. 0.416 Million (Previous year Nil) valid upto
07.03.2013.
Ø Bank Guarantee in
lieu of security deposit issued to ‘The secretary New Delhi Municipal
Corporation’ valid up to 31.12.2012 for a sum of Rs. 0.500 Million (Previous
year Rs. 0.500 Million)
Ø The Company
Estimated amount of contracts remaining to be executed on capital account (net
of advances) and not provided for – Nil (Previous year Rs. 9.597 Millions).
FIXED ASSETS
Ø Computer
Ø Furniture and
Fixture
Ø Office Equipments
Ø Vehicles
Ø Plant and
Machinery
Ø Buildings
Ø Electrical
Equipments
WEBSITE DETAILS:
PRESS RELEASE
GVKPIL INKS PACT WITH
SAMSUNG C&T, SMITHBRIDGE FOR ALPHA COAL PROJECT
Under the agreement, Samsung C&T will provide majority of steel and supply ship loaders from the Republic of Korea
Hyderabad October 17, 2012
Hyderabad-based GVK Power and Infrastructure Limited (GVKPIL) through its subsidiary Hancock Coal Infrastructure Private Limited, Australia, has entered into an agreement with Korea-based Samsung C&T and Smithbridge Group Private Limited of Australia to build a pit-to-port project at Abbot Point in North Queensland.
The Terminal-III (T3) port, being built with an investment of $10 billion for Alpha Coal project, involves construction of onshore and offshore infrastructure, including a 500-km rail line, 60 million tonne per annum (mtpa) port and a 30-mtpa coal mine in the first phase, a company release said today.
"Construction contracts for the project such as infrastructure development, wash plant and rail will be announced in the next few months," the release added.
Under the agreement, Samsung C&T will provide majority of steel and supply
ship loaders from the Republic of Korea and other Asian countries, while
Smithbridge will be responsible for engineering, marine works and provide local
Australian expertise.
G V Sanjay Reddy, vice chairman, GVKPIL. said “Given the size of this project
and the complexities involved, both Samsung C&T and Smithbridge will play a
crucial role in areas such as construction supervision and program
management."
Upon completion, the port will consist of a stockyard, two rail receiving dump
stations and a piled jetty structure extending 3.8 km north-northeast from the
shoreline. The project is expected to deliver first coal 36 months from the
commencement of construction.
The company has received all the important strategic Australian federal
government's approval under the Environment Protection and Biodiversity
Conservation Act 1999 for the project, which is coming up at port of Abbot
Point, near Bowen.
It was announced as one of the key projects during the visit of Australian
Prime Minister Julia Gillard to New Delhi, the release said.
GVKPIL had acquired 79% stake in Alpha Coal and Alpha West projects and
100 per cent stake in the Kevin's Corner project in Queensland from Hancock
Prospecting Private Limited in 2011. These projects are expected to hold 8
billion tonne coal and a peak capacity of 80 million tonne a year.
GVK GROUP GIVES
AUSTRALIA PORT CONTRACT TO SAMSUNG C&T, SMITHBRIDGE
10/17/2012
By Rajesh Roy
NEW DELHI--India's GVK Group said Wednesday its unit has given a contract to South Korea's Samsung C&T Corp. (>> Samsung C&T) and Australia-based Smithbridge Group Pty Limited to build a port in Australia.
The port is part of the Alpha Coal project that GVK and its Australian Hancock Coal Infrastructure unit are developing in the Galilee Basin of Queensland state. They target to produce 30 million metric tons of coal annually over at least 30 years from the Alpha project.
The announcement on the port contract came during Australian Prime Minister Julia Gillard's three-day visit to India to boost trade and economic ties between the two countries.
The two countries are also expected to begin discussions toward a civil nuclear agreement that may eventually open the door for Australia to export uranium to India.
SAMSUNG C&T
INDIA PRIVATE LIMITED – LASER FOCUS WORLD
On September 4, 2012, in News, by coriney2012
Samsung C&T India Private Limited Laser Focus world The technologies Samsung has adopted are continuously being tested and innovated upon during the development and production of semiconductor equipment, industrial robots, jet engines and optoelectronic equipment, supporting high speed, enhanced …
Samsung C&T India Private Limited Laser Focus world The technologies Samsung has adopted are continuously being tested and innovated upon during the development and production of semiconductor equipment, industrial robots, jet engines and optoelectronic equipment, supporting high speed, enhanced …
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair and
reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 54.29 |
|
|
1 |
Rs. 84.09 |
|
Euro |
1 |
Rs. 72.44 |
INFORMATION DETAILS
|
Report Prepared by
: |
BVA |
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 |
4 |
|
--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 |
|
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.