|
Report Date : |
22.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
SKH SHEET METALS COMPONENTS LIMITED (w.e.f. 19.07.2011) |
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|
|
|
Formerly Known
As : |
SKH SHEET METALS COMPONENTS PRIVATE LIMITED (w.e.f. 16.11.2007) VIVID SHEET METALS COMPONENTS PRIVATE LIMITED |
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|
|
Registered
Office : |
B-5, Vrindavan
Apartments, Vrindavan Vihar, |
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|
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|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
30.05.2005 |
|
|
|
|
Com. Reg. No.: |
17-020833 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.120.000
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U50300RJ2005PLC020833 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNES23784F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCV0528K |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer of Exhaust Systems for Automobiles. |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 159000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Unknown |
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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, there appear huge accumulated losses recorded
by the company. However, trade relations are reported to be fair. Business is active.
Payments are unknown. The company can be considered for business dealings with some
cautions. |
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-5, Vrindavan Apartments, Vrindavan Vihar, |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Factory: |
Gat No.542-545, Behind |
|
Tel No.: |
91-2138-675401 |
DIRECTORS
As on 25.09.2012
|
Name : |
Mr. Parvesh Soni |
|
Designation : |
Director |
|
Address : |
2248, Sector - 8, |
|
Date of Birth/Age : |
04.07.1963 |
|
Qualification : |
Chartered Accountant |
|
Date of Appointment : |
22.09.2009 |
|
DIN No.: |
00009994 |
|
|
|
|
Name : |
Mr. Ajay Kumar Bedi |
|
Designation : |
Director |
|
Address : |
176, Deerwood Chase, Unitech Nirvana Country, Sector-50, Gurgaon – 122
001, |
|
Date of Birth/Age : |
08.10.1951 |
|
Qualification : |
BE |
|
Date of Appointment : |
09.09.2010 |
|
DIN No.: |
00171608 |
|
|
|
|
Name : |
Mr. Sanjay Kohli |
|
Designation : |
Director |
|
Address : |
24-A, DDA Flats, Ber Sarai, |
|
Date of Birth/Age : |
03.06.1976 |
|
Qualification : |
BE |
|
Date of Appointment : |
16.02.2008 |
|
DIN No.: |
02013973 |
|
|
|
|
Name : |
Mr. Sunandan Kapur |
|
Designation : |
Director |
|
Address : |
B - 5, Chirag Enclave |
|
Date of Birth/Age : |
21.08.1974 |
|
Date of Appointment : |
27.02.2012 |
|
DIN No.: |
00003638 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Suave Infrastructure Private Limited, |
|
2600 |
|
Chrous Infrastructure Private Limited, |
|
4900 |
|
Ripple Infrastructure Private Limited, |
|
2500 |
|
Ashok Kapur |
|
11989700 |
|
Arti Kapur |
|
100 |
|
Sunandan Kapur |
|
100 |
|
Supriya Kapur |
|
100 |
|
Total
|
|
12000000 |
As on 25.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
0.08 |
|
Directors
or relatives of directors |
|
99.91 |
|
Other
top fifty shareholders |
|
0.01 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Exhaust Systems for Automobiles. |
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Products : |
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PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Installed
Capacity* |
Actual
Production Qty |
|
Fuel Tank |
88128 Nos. |
21988 |
|
Gear Shifter |
Nil |
Nil |
|
Axle Housing |
86400 Nos. |
18907 |
|
Heat Shield/Stamping |
72161280 Nos. |
7913635 |
|
|
|
|
Installed capacity
is as per a certificate issued by the Management and is not verified by the
Auditors being a Technical matter.
*Licensing requirement for automotive parts, including the company’s product,
has been dispensed with effective July 25, 1991.
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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|||||||||
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Bankers : |
v Axis Bank
Limited, 2nd Floor, Statesman House, 148, v
State Bank of Travancore, Udyog Vihar, Phase-V,
Sector-18, Gurgaon – 122 016, v
Axis Bank Limited., 4/10, OPG House, v
HDFC Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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|
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Auditors : |
|
|
Name : |
Baweja and Kaul Chartered Accountants |
|
Address : |
A-1, 104, Lalwani Vastu, Sakore Nagar, Viman Nagar, Pune – 411 014, |
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Tel. No.: |
91-20-41283976 |
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Income-tax
PAN of auditor or auditor's firm : |
AABFB1274A |
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|
|
|
Associates : |
v
ABR Auto Private Limited v
AKPS Auto Accessories Private Limited v
Amcon Estates Private Limited v
Charmwood Developers Private Limited v
Chorus v
Gain Properties Private Limited v
Gladdolia Farms Private Limited v
Hartik Estate Private Limited v
Himanshu Enterprises Private Limited v
Kharti Infrastructure Private Limited v
Krishna Interior Private Limited v
Krishna Ishizaki Auto Limited v
Krishna Maruti Limited v
Krishna Package Trips Limited v
Krishna Quinette Seats Private Limited v
Luxurious Bus Seats Private Limited v
Luxurious Car Seats Private Limited v
Magneti Marelli SKH Exhaust Systems Private
Limited v
Munradtech Air Filteration Company Private
Limited v
Narcissus Auto Sheet Metals Private Limited v
Pasa Infrastructure Private Limited v
Prudent Management Strategies Private Limited v
Radiant Sheet Metal Components Private Limited v
Ripple Infrastructure Private Limited v
Ritsi Investments Private Limited v
Roz Ka Meo Components Private Limited v
S. Mehta Investments Private Limited v
SKH Auto Components Private Limited v
SKH Auto Parts Private Limited v
SKH Buildcon Private Limited v
SKH Buildwell Private Limited v
SKH Cabs Manufacturing Private Limited v
SKH Car Seats Private Limited v
SKH Constructwell Private Limited v
SKH Education Private Limited v
SKH Global Travels Private Limited v
SKH Infrastructure Developers Private Limited v
SKH Management Services Limited v
SKH Media Private Limited v
SKH Metals Limited v
SKH Real Estate Private Limited v
Spectrum Seating Systems Services Private Limited v
Swapn Farms Private Limited v
Tulip Farms Private Limited v
Uranus Auto Trims Private Limited v
Venus Estates Private Limited |
CAPITAL STRUCTURE
As on 25.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
12000000 |
Equity Shares |
Rs.10/- each |
Rs.120.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
12000000 |
Equity Shares |
Rs.10/- each |
Rs.120.000
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 |
120.000 |
120.000 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(80.362) |
(25.315) |
(7.141) |
|
|
NETWORTH |
39.638 |
94.684 |
(7.041) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
310.445 |
84.937 |
0.000 |
|
|
2] Unsecured Loans |
76.721 |
84.132 |
75.375 |
|
|
TOTAL BORROWING |
387.166 |
169.069 |
75.375 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
1.297 |
0.524 |
|
|
|
|
|
|
|
|
TOTAL |
426.804 |
265.051 |
68.858 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
246.259 |
118.594 |
12.832 |
|
|
Capital work-in-progress |
163.628 |
27.439 |
14.203 |
|
|
|
|
|
|
|
|
Preoperative Expenses (Pending allocation to Fixed Assets) |
0.000 |
1.136 |
4.977 |
|
|
|
|
|
|
|
|
INVESTMENT |
47.575 |
60.397 |
32.575 |
|
|
DEFERRED TAX ASSETS |
23.228 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
103.821
|
31.541 |
7.620
|
|
|
Sundry Debtors |
112.738
|
22.927 |
8.258
|
|
|
Cash & Bank Balances |
3.545
|
4.748 |
2.383
|
|
|
Other Current Assets |
0.000
|
0.000 |
0.000
|
|
|
Loans & Advances |
96.181
|
47.275 |
8.159
|
|
Total
Current Assets |
316.285
|
106.491 |
26.420 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
363.055
|
47.930 |
20.566
|
|
|
Other Current Liabilities |
5.632
|
0.000 |
0.589
|
|
|
Provisions |
1.488
|
1.082 |
1.002
|
|
Total
Current Liabilities |
370.175
|
49.012 |
22.157 |
|
|
Net Current Assets |
(53.890)
|
57.479 |
4.263
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.004 |
0.006 |
0.008 |
|
|
|
|
|
|
|
|
TOTAL |
426.804 |
265.051 |
68.858 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Operating revenue, net |
417.090 |
91.748 |
12.112 |
|
|
|
Other income |
10.381 |
0.771 |
0.038 |
|
|
|
TOTAL (A) |
427.471 |
92.519 |
12.150 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
354.691 |
71.243 |
10.529 |
|
|
|
Manufacturing service costs |
58.774 |
9.276 |
0.468 |
|
|
|
Employee related expenses |
23.292 |
15.390 |
4.619 |
|
|
|
Administrative selling other expenses |
35.932 |
10.973 |
2.861 |
|
|
|
Prior period items |
0.301 |
0.017 |
0.000 |
|
|
|
TOTAL (B) |
472.990 |
106.899 |
18.477 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(45.519) |
(14.380) |
(6.327) |
|
|
|
|
|
|
|
|
|
Less |
INTEREST
FINANCIAL CHARGES (D) |
22.042 |
1.517 |
0.002 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(67.561) |
(15.897) |
(6.329) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
12.010 |
1.491 |
0.148 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(79.571) |
(17.388) |
(6.477) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(24.524) |
0.786 |
0.664 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(55.047) |
(18.174) |
(7.141) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(25.315) |
(7.141) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(80.362) |
(25.315) |
(7.141) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
28.968 |
0.640 |
0.000 |
|
|
|
Bought Out Components |
12.178 |
12.499 |
6.827 |
|
|
|
Capital Goods |
13.386 |
4.893 |
0.000 |
|
|
TOTAL IMPORTS |
54.532 |
18.032 |
6.827 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(4.59) |
(87.76) |
(714.09) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(12.88)
|
(19.64)
|
(58.77)
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(19.08)
|
(18.95)
|
(53.48)
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(14.14)
|
(7.73)
|
(16.50)
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(2.01)
|
(0.18)
|
0.92
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
19.11
|
2.30 |
(13.85)
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.85
|
2.17 |
1.19
|
LOCAL AGENCY FURTHER INFORMATION
|
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 229,
|
Unsecured Loans |
31.03.2011 Rs. In Millions |
31.03.2010 Rs. In Millions |
|
Loans directors - unsecured |
76.721 |
84.132 |
|
Total |
76.721 |
84.132 |
FINANCIAL
HIGHLIGHTS
During the year the Company has suffered loss of Rs.55.047 millions due
to investment in its project.
The Company has been converted into Public Limited Company w.e.f. 19th
July, 2011.
CONTINGENT LIABILITIES:
(AS ON 31.03.2011)
Guarantee given to
Corporation Bank on behalf of Magneti Marelli SKH Exhaust Systems Private
Limited amounting to Rs.260.000 millions. The Balance outstanding of the loan
taken by Magneti Marelli SKH Exhaust Systems Private Limited as at March 31,
2011 is Rs.53.300 millions.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U50300RJ2005PLC020833 |
|
Name of the
company |
SKH SHEET METALS COMPONENTS LIMITED |
|
Address of the registered
office or of the principal place of
business in |
B-5, Vrindavan
Apartments, Vrindavan Vihar, E-Mail: sitansudash@skhmetals.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10239664 |
|
Type of charge |
Book Debts Movable Property
(not being pledge) |
|
Particular of
charge holder |
Axis Bank
Limited, 2nd Floor, Statesman House, 148, E-Mail: f8.axisbank@gmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental Deed
of Hypothecation. |
|
Date of
instrument Creating the charge |
17.08.2012 |
|
Amount secured by
the charge |
Rs.410.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: As per Sanction
Letter No.AXISB/MC-1/SK/12-13/136 dated 17.08.2012 to be amended from time to
time. Terms of
Repayment: As per Sanction
Letter No.AXISB/MC-1/SK/12-13/136 dated 17.08.2012 to be amended from time to
time. Margin: As per Sanction
Letter No.AXISB/MC-1/SK/12-13/136 dated 17.08.2012 to be amended from time to
time. Extent and
Operation of the charge: Extent and
Operation - 100% Others: the above is to
secure the following credit facilities :- Cash Credit /
WCDL = Rs.250.000 millions EPC/FBP/FBD (as a
sublimit of CC) = (Rs.50.000 millions) Letter of Credit
= Rs.140.000 millions Bank Guarantee =
Rs.20.000 millions LOU for Buyers
Credit (sublimit of LC) = (Rs.140.000 millions) One way
interchangeability from WC Fund Based to WC Non Fund Based. |
|
Short particulars
of the property charged |
Hypothecation by
way of first and exclusive charge over all present and future current assets
of the company and second charge by hypothecation of all present and future movable
fixed assets of the company stored or to be stored at the company's godowns
or premises or wherever else the same may be. |
|
Date of latest
modification prior to the present modification |
25.04.2012 |
|
Particulars of
the present modification |
Bank's first
charge over all present and future current assets of the company and second
charge over all present and future movable fixed assets of the company stored
or to be stored at the company's godowns or premises or wherever else the
same may be, already registered for Rs.270.000 millions shall stand enhanced
to Rs.410.000 millions. |
FIXED ASSETS:
v
Land
v
Buildings
v
Plant and Machinery
v
Furniture and Fixtures
v
Electrical Installations
v
Office Equipments
v
Computers
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 records 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.53.87 |
|
|
1 |
Rs.85.53 |
|
Euro |
1 |
Rs.71.77 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
27 |
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.