|
Report Date : |
05.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
XENOS AUTOMOTIVE LIMITED (w. e. f. 30.11.2011) |
|
|
|
|
Formerly Known
As : |
XENOS TECHNOLOGIES LIMITED (w. e. f. 26.11.2002) MATRIX TECHNO ENTERPRISE (INDIA) LIMITED |
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|
|
Registered
Office : |
965, Harita Center, Avanashi Road, Coimbatore – 641037, Tamil Nadu |
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|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
06.11.2002 |
|
|
|
|
Com. Reg. No.: |
18-010356 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 25.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29308TZ2002PLC010356 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Trading in Four and Two Wheeler Accessories |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (12) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having a moderate track record. The
latest financials are not made available with the government department. As per previous year’s record. There appears huge accumulated losses
recorded by the company. Profitability of the company is under pressure. However, trade relations are reported to be fair. Business is active.
Payments are slow. The company can be considered for business dealing on a safe and
secured 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) |
|
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
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
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 : |
965, Harita Center, Avanashi Road, Coimbatore – 641037,
Tamil Nadu, India |
|
Tel. No.: |
91-422-3252624 |
|
Fax No.: |
91-422-4214825 |
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E-Mail : |
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|
Website : |
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|
|
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|
Corporate Office : |
C – 84, Shivalik, Malviya Nagar, New Delhi – 110017, India |
|
Tel. No.: |
91-11-32410011 |
DIRECTORS
As on: 30.09.2011
|
Name : |
Mr. Damotharan Vijay Mohan |
|
Designation : |
Director |
|
Address : |
Shrimayi 232, Tea Estate Race Course, Coimbatore – 641018, Tamil Nadu,
India |
|
Date of Birth/Age : |
11.10.1947 |
|
Date of Appointment : |
06.11.2002 |
|
DIN No.: |
00001843 |
|
|
|
|
Name : |
Mr. Kavassery Narayanan Subramanian |
|
Designation : |
Director |
|
Address : |
B-27, Government Employees Colony, Kunaimuthur, Coimbatore – 641008,
Tamil Nadu, India |
|
Date of Birth/Age : |
04.04.1956 |
|
Date of Appointment : |
05.01.2009 |
|
DIN No.: |
01770790 |
|
|
|
|
Name : |
Mr. Samakulam Anantha Padmanabhan Gopalakrishnan |
|
Designation : |
Director |
|
Address : |
Old No. 11, New No. 17, Sriramajayam, North South Road, No .4,
Muthuswamy Colony, Coimbatore – 641026, Tamil Nadu, India |
|
Date of Birth/Age : |
13.03.1972 |
|
Date of Appointment : |
02.09.2011 |
|
DIN No.: |
03594629 |
|
|
|
|
Name : |
Mr. Damodaran Gopalasamy |
|
Designation : |
Director |
|
Address : |
Old .No 2 New No. 5, Kothari Layout, Singanallur, Coimbatore – 641005,
Tamil Nadu, India |
|
Date of Birth/Age : |
12.08.1940 |
|
Date of Appointment : |
06.12.2010 |
|
DIN No.: |
01691037 |
KEY EXECUTIVES
|
Name : |
Jmacs Associates |
|
Designation : |
Company Secretaries |
|
Address : |
No. 51, 1st Floor, Ramaswamy Layout, (DPF Street),
Papanaickenpalayam, Coimbatore – 641037, Tamil Nadu, India |
|
Tel No.: |
91-422-2245224 |
|
Email : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Vijay Mohan |
|
1837415 |
|
Vanitha Mohan |
|
37535 |
|
Vikram Mohan |
|
10 |
|
Viren Mohan |
|
10 |
|
Lakshmi N. Mohan |
|
10 |
|
Vikram Sathyanathan |
|
625000 |
|
K. N. Subramanian |
|
10 |
|
T. G. Thamizhanban |
|
10 |
|
Pricol Holding Limited, India |
|
900000 |
|
Total |
|
3400000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2011
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
26.47 |
|
Directors or relatives of directors |
|
55.15 |
|
Other top fifty shareholders |
|
18.38 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading in Four and Two Wheeler Accessories |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
·
Indian Overseas Bank, 1027-A Avinashi Road, Near
V O C Ground, Uppillipalayam, Coimbatore – 641018, Tamil Nadu, India ·
IDBI Bank Limited, 1078 Viscose Towers, Avanashi
Road, Coimbatore – 641018, Tamil Nadu, India |
|||||||||||||||||||||||||||||||||
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|||||||||||||||||||||||||||||||||
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Facilities : |
(Rs.
In Millions)
|
|||||||||||||||||||||||||||||||||
|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Haribhakti and Company Chartered Accountants |
|
Address : |
“Shree Shanmugapriya " 2nd Floor, 454 Ponnaiyan Street, Cross Cut
Road, Gandhipuram, Coimbatore – 641012, Tamil Nadu, India |
|
Tel. No.: |
91-422-2237793/ 8793 |
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Fax No.: |
91-2233793 |
|
PAN No.: |
AAAFH2010F |
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|
|
|
Other Related Companies : |
·
Pricol Limited ·
Pricol Packaging Limited ·
Pricol Travel Limited ·
Pricol Technologies Limited ·
Pricol Properties Limited ·
Pricol Corporate Services Limited ·
Ananya Innovations Limited ·
KPJ Management Consulting Private Limited ·
M and M Enterprises (India) Limited |
CAPITAL STRUCTURE
As on: 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3400000 |
Equity Shares |
Rs.10/- each |
Rs. 34.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3400000 |
Equity Shares |
Rs.10/- each |
Rs. 34.000
Millions |
|
|
|
|
|
As on: 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3400000 |
Equity Shares |
Rs.10/- each |
Rs. 34.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs. 25.000
Millions |
|
|
Share Application Money Pending Allotment |
|
Rs. 9.000 Millions |
|
|
Total |
|
Rs. 34.000
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
25.000 |
25.000 |
25.000 |
|
|
2] Share Application Money |
9.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(392.607) |
(344.575) |
(225.604) |
|
|
NETWORTH |
(358.607) |
(319.575) |
(200.604) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
54.245 |
49.499 |
33.587 |
|
|
2] Unsecured Loans |
165.000 |
81.000 |
0.000 |
|
|
TOTAL BORROWING |
219.245 |
130.499 |
33.587 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.514 |
|
|
|
|
|
|
|
|
TOTAL |
(139.362) |
(189.076) |
(166.503) |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
13.121 |
14.964 |
18.797 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
94.639
|
103.684 |
208.980 |
|
|
Sundry Debtors |
95.496
|
106.938 |
90.914 |
|
|
Cash & Bank Balances |
47.000
|
28.807 |
20.558 |
|
|
Other Current Assets |
0.532
|
0.439 |
0.000 |
|
|
Loans & Advances |
34.078
|
40.129 |
31.313 |
|
Total
Current Assets |
271.745
|
279.997 |
351.765 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
424.228
|
484.037 |
534.415 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.000
|
0.000 |
2.650 |
|
Total
Current Liabilities |
424.228
|
484.037 |
537.065 |
|
|
Net Current Assets |
(152.483)
|
(204.040) |
(185.300) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
(139.362) |
(189.076) |
(166.503) |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
534.706 |
503.759 |
430.292 |
|
|
|
Other Income |
15.612 |
2.085 |
1.522 |
|
|
|
TOTAL (A) |
550.318 |
505.844 |
431.814 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase |
437.088 |
328.693 |
282.023 |
|
|
|
Employees Cost |
70.902 |
65.553 |
69.846 |
|
|
|
Selling and Distribution |
22.844 |
28.019 |
25.156 |
|
|
|
Advertisement and Publicity |
0.409 |
30.787 |
3.186 |
|
|
|
Repairs and Maintaenance |
4.224 |
4.574 |
2.695 |
|
|
|
Administrative Expenses |
41.988 |
50.402 |
41.765 |
|
|
|
Increase/(Decrease) in Stock |
9.044 |
105.296 |
79.498 |
|
|
|
Provision for bad and doubtful debts |
0.000 |
0.000 |
12.783 |
|
|
|
TOTAL (B) |
586.499 |
613.324 |
516.952 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
(36.181) |
(107.480) |
(85.138) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.575 |
7.782 |
6.247 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND
AMORTISATION (C-D) (E) |
(44.758) |
(115.262) |
(91.385) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.274 |
4.223 |
3.728 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(48.032) |
(119.485) |
(95.113) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
(0.514) |
1.686 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
(48.032) |
(118.971) |
(96.799) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(344.575) |
(225.604) |
(128.805) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(392.607) |
(344.575) |
(225.604) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
173.883 |
119.913 |
97.998 |
|
|
TOTAL IMPORTS |
173.883 |
119.913 |
97.998 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(19.21) |
(47.59) |
(225.76) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(8.73) |
(23.52) |
(22.42) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(8.98) |
(23.72) |
(22.10) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(16.86) |
(40.51) |
(25.67) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.37 |
0.47 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
(1.79) |
(1.92) |
(2.84) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.64 |
0.58 |
(0.65) |
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 |
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 |
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 702/7 Avanashi Road, Coimbatore – 641037, Tamil Nadu, India to present address w.e.f. 25.05.2012
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U29308TZ2002PLC010356 |
|
Name of the
company |
XENOS
TECHNOLOGIES LIMITED |
|
Address of the
registered office or of the principal place of business in |
702/7 Avanashi Road, Coimbatore – 641037, Tamil Nadu, India |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10120383 |
|
Type of charge |
· Book debts · Movable property (not being pledge) · Others |
|
Particular of
charge holder |
Indian Overseas Bank 1027-A, Avinashi Road, Near VOC Ground, Uppilipalayam, Coimbatore –
641018, Tamil Nadu, India |
|
Nature of instrument
creating charge |
Letter of Hypothecation dated 23rd September 2011 Cash Credit : 54,000,000 Letter of Credit (Inland / Foreign) on DP : 25,000,000 Letter of Credit / Letter of Guarantee : 25,000,000 |
|
Date of
instrument Creating the charge |
23.09.2011 |
|
Amount secured by
the charge |
Rs. 104.000
Millions |
|
Brief of the
principal terms and conditions and extent and operation of the charge |
Rate of interest Cash Credit : BPLR with minimum of 13.50% per annum Terms of repayment Repayable on demand Margin 1. Cash Credit Stock : 25% Book Debts : 40% IDDBP /IDUBD : 10% 2. Letter of Credit 10% by way of Deposits 3. Additional Letter of Credit 50% by way of Deposits Extent and
operation of the charge Exclusive First Charge on Stocks / receivables and current assets of the Company. Documents of Title to Goods /accepted hundies. Collateral Security : Exclusive First Charge on the fixed assets of the Company (excluding vehicle for which loans are taken from HP lenders), |
|
Short particulars
of the property or assets charged (including complete address and location of
the property) |
Stocks / receivables and the current assets located at the premises of the company. Fixed Assets of the Company (excluding vehicle for which loans are taken from HP lenders) |
|
Date of last modification prior to the present modification |
05.08.2010 |
|
Particulars of the present modification |
Credit facilities aggregating Rs.100.000 Millions has been enhanced to Rs.104.000 Millions |
OPERATIONS AND
OUTLOOK
The fiscal 2010-11 was a year of consolidation and increasing Xenos brand name and value in the mind of customers, channel partners, employees, suppliers and associates.
The company's turnover grew to Rs.534.706 million from Rs.503.759 million. The Commercial Vehicle Products sales are expected to grow as the rule of speed governor will be implemented in the states of Karnataka and Andhra Pradesh
The company's main business area of the Personal Vehicle Accessory products saw a healthy growth. The company has discontinued non performing product lines and has planned a Slew of new product line in the Infotainment segment and Car care products for the coming years for high growth and profitability.
FIXED ASSETS
· Furniture and Fixtures
· Office Equipments
· Computer
· Motor Vehicles
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. 54.85 |
|
|
1 |
Rs. 88.16 |
|
Euro |
1 |
Rs. 71.54 |
INFORMATION DETAILS
|
Report Prepared
by : |
UDS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
12 |
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.