MIRA INFORM REPORT
|
Report Date : |
09.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
TATA INTERNATIONAL LIMITED |
|
|
|
|
Registered
Office : |
Block A,
Shivsagar Estate, Dr. |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
30.11.1962 |
|
|
|
|
Com. Reg. No.: |
11-012528 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.200.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1962PLC012528 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT10815A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT3198F |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and
Selling of High Fashion Leather and Leather Products and Exporter of Various
goods, Services and Technologies. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
A (59) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 10300000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is a part of ‘TATA GROUP’. It is a well established and reputed company having a good track record.
The latest financials are not available. However, the company has strong parentage and investment portfolio
which provide strong financial flexibility. The company has acquire premium exporter of leather products and has
reputed international client which enhance the good business. Trade relationsare reported to be fair. Business is active. Payments
are reported to be regular and as per commitment. In view of experience promoters, 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term loan : “AA-” |
|
Rating Explanation |
Having high degree of safety regarding timely servcing of financial
obligation. It carry very low credit risk. |
|
Date |
May, 2013 |
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.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE (Tel. No. 91-22-66652200)
LOCATIONS
|
Registered/
Corporate Office : |
Block A,
Shivsagar Estate, Dr. |
|
Tel. No.: |
91-22-66652200 /
10 / 66612835 |
|
Fax No.: |
91-22-66612837 /
66612835 / 66612832 / 66612833 / 66612836 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate
Support Services: |
Sterling Centre, 3rd Floor, |
|
Tel. No.: |
91-22-66652299 |
|
Fax No.: |
91-22-66612836 / 37 |
|
|
|
|
Representative
Office : |
Tata Centre, 43, Chowringhee
Road, Kolkata, West Bengal, India |
|
|
|
|
Factory 1 /
Leather and Leather Products Business Unit: |
No. 15, Mechano Industrial Estate, Vellappanchavadi, Chennai - 600077,
|
|
Tel. No.: |
91-44-66362500 / 10 |
|
Fax No.: |
91-44-66362522 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Industrial Area, Agra Mumbai Road, Dewas - 455001, Madhya Pradesh,
India |
|
Tel. No.: |
91-7272-258900 / 04 / 425500 |
|
Fax No. ( |
91-7272-258150 / 258271 |
|
Fax No. (LFB Marketing) : |
91-7272-258914 |
|
Fax No. (LGB Marketing) : |
91-7272-258574 |
|
Fax No. (Ladies FW Plant) :
|
91-7272-400161 |
|
|
|
|
Engineering
Business Unit: |
Located
at ·
· Kolkata · Mumbai |
|
|
|
|
Overseas
Offices: |
Located at · China · Japan · Singapore · South Korea · Myanmar · Taiwan · Thailland · Cambodia and Lao PDR · UAE · Vietnam · South Africa · Zambia · Mozambique · Zimbabwe · Kenya · Uganda · Namibia · Ethiopia · Nigeria · Tanzania · Netherlands · Poland · Russia · Spain · UK · Brazil · Mexico · USA · Panama |
DIRECTORS
As on 20.09.2012
|
Name : |
Mr. Balasubramanian Muthuraman |
|
Designation : |
Chairman |
|
Address : |
111/A, NCPA Apartments, Nariman Point, Mumbai – 400021, Maharashtra, India |
|
Date of Birth/Age : |
26.09.1944 |
|
Qualification : |
B.Tech (IIT), MBA (XLRI) |
|
Date of Appointment : |
12.08.2004 |
|
DIN No.: |
00004757 |
|
|
|
|
Name : |
Mr. Homiar Sorabji Vachha |
|
Designation : |
Director |
|
Address : |
Flat No. 9, Naoroji House, Naigaum Cross Road, Dadar, Mumbai – 400014, Maharashtra, India |
|
Date of Birth/Age : |
23.04.1942 |
|
Qualification : |
MA, Phd (Economics) |
|
Date of Appointment : |
28.11.2003 |
|
DIN No.: |
00016610 |
|
|
|
|
Name : |
Mr. Piyush G. Mankad |
|
Designation : |
Director |
|
Address : |
P-161, ATS Greens Village, Sector 93-A, Expressway Noida - 201301, Uttar Pradesh, India |
|
Date of Birth/Age : |
18.11.1941 |
|
Qualification : |
MA, IAS (Retd) |
|
Date of Appointment : |
12.08.2004 |
|
DIN No.: |
00005001 |
|
|
|
|
Name : |
Mr. Arun Kumar Vora |
|
Designation : |
Director |
|
Address : |
S-2, 3rd Floor, Orchid Apartments, 161, 5th Main, Defence Colony, Indira Nagar, Bangalore – 560038, Karnataka, India |
|
Date of Birth/Age : |
14.08.1941 |
|
Qualification : |
BE (Mechanical), PG Industrial engineering (UK) |
|
Date of Appointment : |
04.09.2006 |
|
DIN No.: |
00191774 |
|
|
|
|
Name : |
Mr. Raman Dhawan |
|
Designation : |
Director |
|
Address : |
28A, 3rd Street, Houghton, Johannesburg, South Africa |
|
Date of Birth/Age : |
07.11.1948 |
|
|
FCA (India), FCMA (UK) |
|
Date of Appointment : |
04.12.2001 |
|
DIN No.: |
00265526 |
|
|
|
|
Name : |
Mr. Noel Naval Tata |
|
Designation : |
Managing Director |
|
Address : |
Windmere, Cuffe Parade Colaba, Mumbai – 400005, Maharashtra, India |
|
Date of Birth/Age : |
12.11.1956 |
|
Qualification : |
Graduate from Sussex (UK) |
|
Date of Appointment : |
12.08.2010 |
|
DIN No.: |
00024713 |
|
|
|
|
Name : |
Mr. Ramakrishnan Mukundan |
|
Designation : |
Director |
|
Address : |
9, Swastik Building Plot 151 Major Parmesh Waran Road, Wadala, Mumbai – 400031, Maharashtra, India |
|
Date of Birth/Age : |
19.09.1966 |
|
Qualification : |
BE (Electrical), MBA |
|
Date of Appointment : |
29.07.2010 |
|
DIN No.: |
00778253 |
|
|
|
|
Name : |
Mr. Ravindra Narayan Pisharody |
|
Designation : |
Director |
|
Address : |
Hill Park Building No.-1, Flat No. 9, 2nd Floor, AG Bell Road, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
24.11.1955 |
|
Qualification : |
B.Tech (Electronics IIT), PGDM IIM) |
|
Date of Appointment : |
29.07.2010 |
|
DIN No.: |
01875848 |
KEY EXECUTIVES
|
Name : |
Mr. Ajay
Murlidhar Ponkshe |
|
Designation : |
Company Secretary
|
|
Address : |
Flat No. 3, 1st
Floor, Yashodan, Sahayog Mandir Path, Naupada, Thane – 400 601, |
|
Date of Birth/Age : |
27.02.1960 |
|
Date of Appointment : |
20.07.2007 |
|
PAN No.: |
AAEPP6047Q |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 20.09.2012
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Tata Motors Limited |
50000 |
12.47 |
|
Tata Chemicals Limited |
48000 |
11.97 |
|
Voltas Limited |
10000 |
2.49 |
|
Tata Refractories Limited |
1870 |
0.47 |
|
Tata Sons Limited |
167400 |
41.75 |
|
Tata Industries Limited |
17122 |
4.27 |
|
Trent Limited |
3000 |
0.75 |
|
Tayo Rolls Limited |
2000 |
0.50 |
|
Ewart Investments Limited |
25000 |
6.23 |
|
Tifco Holdings Limited |
8000 |
2.00 |
|
Tata Steel Limited |
9480 |
2.36 |
|
Shapoor Pallonji Mistry |
200 |
0.05 |
|
Cyrus Pallonji Mistry |
200 |
0.05 |
|
Sheba Properties Limited |
19350 |
4.83 |
|
Af-Taab Investment Company Limited |
24000 |
5.99 |
|
Simone Naval Tata |
112 |
0.03 |
|
Kalimati Investment Company Limited |
15266 |
3.81 |
|
Total |
401000 |
100.02 |
As on 20.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
99.87 |
|
Others |
0.13 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and
Selling of High Fashion Leather and Leather Products and Exporter of Various
goods, Services and Technologies. |
PRODUCTION STATUS (As on 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Finished Leather |
Million sq. ft. |
78 |
57 |
67 |
|
Leather Garments |
Numbers |
200,000 |
200,000 |
106,386 |
|
Shoe Uppers |
Pairs |
2,100,000 |
2,100,000 |
1,447,489 |
|
Leather Footwear |
Pairs |
4,200,000 |
1,860,000 |
1,062,136 |
Notes:
(i) As certified
by the Management and relied upon by the Auditors being technical matters.
(ii) Actual production of shoe uppers includes production for
consumption in leather footwear.
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
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|
|||||||||||||||
|
Bankers : |
· State Bank Of Mysore, Corporate Accounts Branch, 224-C Mittal Court, 4th Floor, Nariman Branch, 224-C, Mittal Court, 4th Floor, Nariman Point, Mumbai-400021, Maharashtra, India · State Bank of India, Overseas Branch, World Trade Centre, Cuffe Parade, Mumbai - 400005, Maharashtra, India · ICICI Bank Limited, 9 Raffles Place, # 50-01, Republic Plaza, Singapore 048619 |
|||||||||||||||
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|
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|
Facilities : |
|
|||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Dr. Annie Besant Road, Shivsagar Estates, Worli, Mumbai – 400018,
Maharashtra, India |
|
Tel. No.: |
91-22-66679000 |
|
Fax No.: |
91-22-66679100 |
|
PAN.: |
AACFD4815A |
|
|
|
|
Holding Company: |
Tata Sons Limited, India CIN No.: U99999MH1917PLC000478 |
|
|
|
|
Subsidiaries : |
· Light Source Manufacturers Limited, Tanzania, United Republic of · Pamodzi Hotels Plc, Zambia · Tata Africa Holdings (SA) (Proprietary) Limited, South Africa · Tata Automobile Corporation (SA)(Proprietary) Limited, South Africa · Tata De Mocambique Limitada, South Africa · Tata Ghana Limited, Ghana · Tata Holdings (Tanzania) Limited, United Republic of · Tata Holdings Mocambique Limited · Tata International (Australia) Proprietary Limited · Tata Namibia (Proprietary) Limited · Tata International (Australia) Pty. Limited, Australia · Tata West Asia FZE, United Arab Emirates · Tata Uganda Limited, Uganda · Tata Zambia Limited, Zambia · Tata (Zimbabwe) (Private) Limited · Tata South-East Asia Limited, Hong Kong · Tata Africa (Senegal) S.A.R.L., Senegal · Tata Africa Holdings Kenya Limited, Kenya · Tata Africa Services (Nigeria) Limited, Nigeria · Graziella Shoes Limited, India (CIN: U51102TN1996PLC034121) · Blackwood Hodge Zimbabwe (Private) Limited, Zimbabwe · Tata Africa Steel Processors (Proprietary) Limited · Bachi Shoes India Limited (w.e.f. December 26, 2010) CIN No.: U18209TN1997PLC037515 · Euro Shoes Components Limited, India CIN No.: U19116TN2005PLC056665 (w.e.f. December 26, 2010) · TIL Leather (Mauritius) Limited (w.e.f. November 10, 2010) |
|
|
|
|
Joint Venture: |
· Tata International DLT Private Limited, India CIN No.: U34200MH2005PTC154348 · Drive India Enterprise Solutions Limited, India CIN No.: U72900MH2000PLC126195 · Tata Precision Industries (India) Limited, India CIN No.: U72900MH2000PLC126195 |
|
|
|
|
Fellow
Subsidiaries: |
· Tata Teleservices (Maharashtra) Limited, India CIN No.: L64200MH1995PLC086354 · Tata AIG General Insurance Company Limited, India CIN No.: U85110MH2000PLC128425 · TC Travel and Services Limited, India CIN No.: U63040MH2008PLC187559 · Tata Industries Limited, India CIN No.: U44003MH1945PLC004403 · Tata Consulting Engineers Limited (Formerly known as TCE consulting Engineers Limited) CIN No.: U74210MH1999PLC123010 · Tata Consulting Services Limited, India CIN No.: L22210MH1995PLC084781 · Tata AIG Life Insurance Limited · Infiniti Retail Limited, India CIN No.: U31900MH2005PLC158120 · Tata Precision Industries (India) Limited, India CIN No.: U29120MP1995PLC009773 |
CAPITAL STRUCTURE
As on 20.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
700000 |
Equity Shares |
Rs.1000/- each |
Rs.700.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
401000 |
Equity Shares |
Rs.1000/-
each |
Rs.401.000
Millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.1000/- each |
Rs.300.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.10/- each |
Rs.200.000
Millions |
|
|
|
|
|
Note:
(Of the above
76,200 shares are held by the holding company Tata Sons Limited directly and
28,561 shares indirectly through its subsidiaries.)
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 |
200.000 |
200.000 |
200.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2380.272 |
3158.100 |
3051.071 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2580.272 |
3358.100 |
3251.071 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2451.266 |
1924.446 |
1578.538 |
|
|
2] Unsecured Loans |
3084.734 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
5536.000 |
1924.446 |
1578.538 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
8116.272 |
5282.546 |
4829.609 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1137.084 |
715.296 |
737.468 |
|
|
Capital work-in-progress |
17.351 |
352.315 |
30.471 |
|
|
|
|
|
|
|
|
INVESTMENT |
5214.651 |
2366.137 |
2436.421 |
|
|
DEFERRED TAX ASSETS |
30.163 |
28.087 |
20.701 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1722.973
|
1521.484
|
1405.692
|
|
|
Sundry Debtors |
1116.923
|
874.918
|
995.638
|
|
|
Cash & Bank Balances |
58.720
|
99.193
|
73.220
|
|
|
Other Current Assets |
0.158
|
0.158
|
33.909
|
|
|
Loans & Advances |
1991.147
|
1828.338
|
1503.600
|
|
Total
Current Assets |
4889.921
|
4324.091
|
4012.059
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1360.112
|
844.014
|
770.200
|
|
|
Other Current Liabilities |
601.015
|
410.143
|
391.454
|
|
|
Provisions |
1211.771
|
1249.223
|
1255.254
|
|
Total
Current Liabilities |
3172.898
|
2503.380
|
2416.908
|
|
|
Net Current Assets |
1717.023
|
1820.711
|
1595.151
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
9.397 |
|
|
|
|
|
|
|
|
TOTAL |
8116.272 |
5282.546 |
4829.609 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
8556.445 |
6943.287 |
9043.664 |
|
|
|
Other Income |
297.520 |
404.964 |
589.890 |
|
|
|
TOTAL (A) |
8853.965 |
7348.251 |
9633.554 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption material changes inventories |
6875.224 |
5104.159 |
|
|
|
|
Manufacturing service costs |
972.463 |
708.381 |
|
|
|
|
Employee related expenses |
555.683 |
469.559 |
|
|
|
|
Administrative selling other expenses |
803.409 |
582.233 |
|
|
|
|
TOTAL (B) |
9206.779 |
6864.332 |
9066.237 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(352.814) |
483.919 |
567.317 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
193.354 |
129.829 |
144.831 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
(546.168) |
354.090 |
422.486 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
159.897 |
124.126 |
118.040 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE TAX (E-F) (G) |
(706.065) |
229.964 |
304.446 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(3.424) |
93.783 |
123.146 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) AFTER TAX (G-H) (I) |
(702.641) |
136.181 |
181.300 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2000.192 |
1897.163 |
1760.962 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
|
33.152 |
10.000 |
|
|
|
Dividend |
0.000 |
|
30.000 |
|
|
|
Tax on Dividend |
0.000 |
|
5.099 |
|
|
BALANCE CARRIED
TO THE B/S |
1297.551 |
2000.192 |
1897.163 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods calculated on FOB basis |
6605.452 |
5483.325 |
7997.943 |
|
|
|
Charges Recovered |
13.745 |
4.083 |
14.142 |
|
|
|
Interest |
1.886 |
0.774 |
3.742 |
|
|
|
Dividends |
67.070 |
160.854 |
87.216 |
|
|
|
Others |
233.635 |
175.211 |
152.685 |
|
|
TOTAL EARNINGS |
6714.836 |
5582.135 |
8255.728 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
792.865 |
677.619 |
843.088 |
|
|
|
Components, Stores and Spare Parts |
125.492 |
101.778 |
88.851 |
|
|
|
Capital Goods |
93.298 |
155.389 |
82.121 |
|
|
|
Trading Goods |
541.106 |
352.977 |
285.134 |
|
|
TOTAL IMPORTS |
1552.761 |
1287.763 |
1299.194 |
|
|
|
|
|
|
|
|
|
|
Earnings/(Loss)
Per Share (Rs.) |
(3513.00) |
681.000 |
907.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(7.94)
|
1.85 |
1.88 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(8.25)
|
3.31 |
3.37 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(11.72)
|
4.56 |
6.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.27)
|
0.07 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.15
|
0.57 |
0.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.54
|
1.73 |
1.66 |
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 |
Yes |
OPERATING PERFORMANCE
The year 2010-11 was
a year full of challenges and opportunities for the Company. It achieved a
turnover of Rs.8160.000 Millions (2009-10: Rs.6640.000 Millions). While on the
one hand the Company achieved a 22% growth, it reported a loss of Rs.706.000
Millions for the year. The loss was primarily on account of new initiatives
undertaken by the Company like setting up a plant for manufacture of
Performance Leather, launch of footwear and accessories under the Company's own
brand Tashi in the domestic retail market, acquisition of a stake in a Company
involved in the niche market of children's footwear, etc. The Company's leather
products business has a major exposure in the European markets, which have
still not recovered from the economic downturn. This has not only put pressure
on margins, but also resulted in a mark down of inventories, which contributed
a substantial portion of the losses.
The Company has
already initiated various measures to reverse the trend by entering new geographies,
rationalising the product portfolio, strengthening the marketing set up in
overseas markets, etc. The Company is confident that these initiatives will
yield the desired results.
NEW INITIATIVES IN 2010-11
Launch of Footwear Retail – Tashi
With a view to
address the vast domestic market for leather footwear and accessories, the
Company launched its footwear in the domestic market under its own brand,
'Tashi'. To date, the Company has opened 7 stores. The market response is
encouraging and the Company would continue to expand its footprint in its
focused market segments in India.
Acquisition of 76% stake in Bachi Group, Chennai
The Company
acquired a 76% stake in Bachi Shoes Limited and Euro Shoe Components Limited,
niche manufacturers of children's shoes and unit soles for PU injected shoes
for with exports mainly to markets in Europe. Hitherto, the Company was engaged
in the business of manufacture of ladies and men's shoes. The acquisition of
Bachi Shoes complements the current portfolio of the leather and leather
products business of the Company.
Investment in MoveOn Componentes E Calçado, S.A.,
Portugal
During the year,
the Company, through its wholly-owned subsidiary in Mauritius acquired a 19.9%
stake in MoveOn Componentes E Calçado, S.A., a shoe manufacturing company in
Portugal. It has since increased its stake to 51% stake in MoveOn.
Investment in Tata Industries Limited
The Company has
made a long-term strategic investment of Rs.400.000 Millions in acquiring shares
on 'rights basis' in Tata Industries Limited.
TIL Leather (Mauritius) Limited
The Company has
set up a wholly-owned subsidiary in Mauritius - TIL Leather (Mauritius)
Limited. which would act as an investment arm of the Company and enable the
Company make future investments overseas.
Representative Office in Chengdu
The Company,
through its wholly-owned subsidiary, Tata South-East Asia Limited. Hong Kong
has set up a representative office in Chengdu, China to tap the domestic
opportunities in the finished leather business in China and also scout for
other sourcing opportunities in the region.
Tata International Trading Brasil Ltda
The Company has
recently set up a subsidiary in Brazil - Tata International Trading Brasil
Ltda. to tap opportunities in the areas of Iron and Steel Industry products and
Minerals business. The business operations would commence shortly.
Launch of bicycles in the domestic market
In order to make
an entry in the domestic market, the Company has launched bicycles under its
own brand 'Stryder' in the North and North-Eastern Indian states. The initial
response is encouraging. The Company intends to pursue and widen its
distribution base across the other states in the country in due course.
LEATHER BUSINESS
During the year,
Finished Leather Business (Fashion and Performance Leather segments) achieved a
turnover of Rs.3000.500 Millions (2009-10: Rs.2467.000 Millions), registering a
growth of 22%. The manufacturing facilities for producing performance leather
was commissioned during the year.
This being the
first year of operations, the division received initial sample orders. The
division received approval from a leading sports shoe manufacturer to produce
performance leather for their athletic shoes.
As a step to nurture
and grow the Performance Leather segment, the Division has initiated discussion
with a US-based automotive upholstery company for setting up a Joint Venture to
promote the automotive leather upholstery which has a high demand due to
exponential growth of the automotive industry.
The Footwear
Division achieved a turnover of Rs.2230.000 Millions (2009:10: Rs.2020.000
Millions) registering a growth of 10% . While the business achieved higher
volume and turnover, the margins were under pressure due to continued
recessionary trends in its major markets in Europe.
Graziella Shoes
Limited (Graziella), a wholly-owned subsidiary, manufactures shoes mainly for
UK and European markets. It is one of the main suppliers of shoes to Marks and
Spencer, Weyo Group, Tempe S.A., Lloyd, etc. During the year Graziella achieved
a turnover of Rs.861.000 Millions (2009-10: Rs. 728.800 Millions) and Profit
before Tax of Rs. 9.300 Millions (2009-10: Rs. 12.200 Millions).
ENGINEERING BUSINESS
The Engineering
Business achieved a turnover of Rs.3365.900 Millions (2009-10: Rs. 2544.900
Millions), registering a growth of 32% . The increase is primarily in export of
iron and steel industry products, aluminium and mining industry products and
infrastructure and construction equipment, etc. During the year, the Division
forayed into new markets like Australia and North America for aluminium and
mining industry products and new initiatives were taken for sourcing pig iron
from Brazil. The Division has strengthened its bicycle manufacturing operations
in Ludhiana, strengthened its marketing set-up in Nigeria and Kenya for
infrastructure and construction equipment business. The Division also
re-visited the non-viable product portfolio and exited from areas like castings
and forgings, equipment supplies to Power Projects, and railway equipment, etc.
CONTINGENT
LIABILITIES (AS ON 31.03.2011)
[Rs. In Millions]
(a) Claims against
the Company not acknowledged as debts comprise of :
(i) DEPB /
Drawback claims rejected by Commissioner of Customs (Appeals) disputed by the
Company relating to issue of inadmissibility aggregating to Rs. 32.796 Millions
(31st March, 2010 Rs.32.796 Millions).
(ii) Demand
notices aggregating to Rs. 32.311 Millions (31st March, 2010 - Rs.
32.362 Millions) have been issued by the Sales Tax Authorities under the M.P.
General Sales Tax, M. P. Entry Tax, U.P. Trade Tax Act,1948, Bombay Sales Tax,
Gujarat Sales Tax, Karnataka Sales Tax and the Central Sales Tax Act, 1956,
relating to issue of applicability and classification.
(iii) The Service
Tax department, Mumbai has issued demand and recovery notices aggregating to
Rs.2.601 Millions (31st March, 2010 - Rs. 4.994 Millions) including
interest, towards service tax allegedly payable by the Company for the period
2005 to 2009. The Service Tax Authorities contend that the Company was
rendering services as "Clearing and Forwarding Agents" during the
said period and was, therefore chargeable to service tax in respect of those
services.
(iv) The Service
Tax department, Dewas has raised demands of Rs.6.458 Millions (31st
March 2010 - Rs. Nil) for import of services during the period 2004 to 2009.
The matter is under appeal.
(v) Other Matters
Rs. 10.732 Millions (31st March, 2010 - Rs.6.520 Millions).
(b) Taxation
matters:
Demand against the
Company not acknowledged as debts and not provided for relating to issues of
transfer pricing, deductibility and taxability in respect of which the Company
is in appeal :-Income Tax: Rs. 78.875 Millions (31st March, 2010 -
Rs. 72.250 Millions)
(c) Bills
discounted not matured Rs. 32.323 Millions (31st March, 2010 - Rs.
52.322 Millions).
UNSECURED LOANS
|
Particulars |
31.03.2011 (Rs. in Millions) |
31.03.2010 (Rs. in Millions) |
|
Non-convertible debentures unsecured |
2450.000 |
0.000 |
|
Working capital loans banks unsecured |
234.734 |
0.000 |
|
Other debt unsecured |
400.000 |
0.000 |
|
Total |
3084.734 |
0.000 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U51900MH1962PLC012528 |
|
Name of the
company |
TATA
INTERNATIONAL LIMITED |
|
Address of the
registered office or of the principal place of business in |
Block A,
Shivsagar Estate, Dr. Annie Besant Road, Worli, Mumbai – 400 018,
Maharashtra, India E-mail: mdeshmukh@tatainternational.com
|
|
This form is for |
Creation of charge |
|
Type of charge |
Book debts Movable property (not being pledge) Floating charge |
|
Particular of
charge holder |
ICICI Bank
Limited, 9 Raffles Place, # 50-01, Republic Plaza, Singapore 048619 E-mail: r.balaji@icicibank.com
|
|
Nature of
instrument creating charge |
Deed of
Hypothecation. |
|
Date of
instrument Creating the charge |
13.03.2013 |
|
Amount secured by
the charge |
Rs. 1728.000
millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest The aggregate of:
The interest margin and 3 months USD LIBOR Interest Margin:
5.45% p.a. Terms of Repayment Repayable in quarterly
installments after a moratorium of four quarters from the first drawndown
date. Others Nature of fund based facility Amount (USD) Foreign Currency Term Loan 32,000,000.00 Equivalent to INR 172,80,00,000/-. (Conversion Rate Applied is Rs.54/-). The above credit facility is enjoyed by Tata International
Singapore Private Limited, Singapore. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of Second
charge on entire stocks of raw materials, goods in process, semi finished and
finished goods, consumable stores and spares, book debts, receivables, both
present and future, situated at
Hypothecator's factories, premises and godowns situated at Dewas, Madhya
Pradesh and Chennai, Tamilnadu or wherever else the same be situated. The above
security is offered for the credit facility enjoyed by Tata International
Singapore Private Limited, Singapore (Subsidiary of Tata International
Limited) |
PRESS RELEASE
ST KINETICS APPOINTS TATA INTERNATIONAL AS DISTRIBUTOR FOR TRXBUILD AND
LEEBOY IN AFRICA
Market presence
expands to include another 13 new key African markets
Singapore, 13 February 2013 – ST Kinetics, the land systems arm of ST Engineering, today announced the strategic appointment of Tata International as the distributor for its TRXBUILD and LeeBoy brands of heavy construction and road construction equipment in Africa. Tata International, the global trading arm of India’s Tata group, will distribute TRXBUILD and LeeBoy products and provide customer support in East, West, South and Central Africa.
The appointment of Tata International will see a significant expansion of ST
Kinetics’ distribution and customer support network in Africa beyond its
existing dealers in Algeria, DR Congo and Tanzania to 13 other African
countries: Angola, Ethiopia, Ghana, Kenya, Malawi, Mozambique, Nigeria, Rwanda,
Senegal, South Africa, Uganda, Zambia and Zimbabwe. Customers in these
economies will not only benefit from a range of equipment catering to the
mining, infrastructure development, road construction and maintenance sectors,
but will also benefit from Tata International’s established customer support
network.
Tata International’s operations in Africa are managed by its wholly owned
subsidiary, Tata Africa Holdings, based in Johannesburg, South Africa. Among
the first foreign companies to enter Africa, Tata International spearheaded
TATA group’s commercial operations in the continent that began in 1977 in
Zambia. From its maiden involvement in motorcars distribution, the Group later
ventured into other regions in Africa with new businesses, which included
mining products, steel and hospitality. It later diversified into areas such as
farming, telecommunications, chemicals and information technology.
LeeBoy has its roots in the US and is a premium manufacturer of road
construction and maintenance equipment for over four decades. It is today
the leading player in North America for commercial class Asphalt Pavers and
Motor Graders. Since 2010, LeeBoy had expanded into India with the setup
of LeeBoy India in Bangalore, India. LeeBoy brings to the table a range of
premium equipment including Motor Graders, Backhoe Loaders, Pavers, Pothole
Patchers, Concrete Curbers, Asphalt Maintainers and Distributors.
TRXBUILD is headquartered in Singapore and offers a range of value for money
mining and construction equipment including Crawler and Wheeled Excavators,
Off-road Dump Trucks, Milling Machines, Pavers, Port Tractors, Emergency
Vehicles and Asphalt and Concrete Batching plants.
“We are delighted to have Tata
International as our esteemed partner in Africa. Without doubt, this
distributorship agreement is strategically important in our quest to gain a
strong foothold into the African continent. Many parts of Africa are developing
quickly and, with Tata International as our experienced partner, we are now in
a good position to grow with the continent.” ~
Joseph TAN, Vice President, Head of International Sales and Marketing, ST
Kinetics
“ST Kinetics
and Tata International complement each other well. It’s crucial that we
have a strong partnership with a well-established player to be effective in
tapping Africa’s challenging markets. Tata International is one such partner,
well positioned to support our TRXBUILD and LeeBoy customers with its
comprehensive network of professionally run sales and distribution centres, and
high level of aftersales support.” ~ Phillip YEO,
President, Commercial Business Group, ST Kinetics
“Our
partnership with ST Kinetics is a win-win arrangement for both
organisations. Together, we would be able to utilise and mobilise our
marketing and distribution resources more productively to achieve greater
benefits overall, both in terms of cost-effectiveness and time. Customers
will benefit from a slew of innovative and quality products through our
extensive network in Africa.” ~ Ramesh MANI,
Head-Trading, Tata International Limited
Tata International (Tata International Limited) is the premier trading arm
ofIndia’s most respected conglomerate, the Tata Group with presence in
manufacturing, trading, distribution and supply chain integration in select
businesses. Established in 1962, the company’s global business lines include
leather and leather products, metals trading, minerals trading and distribution
of automobiles and construction and farm equipments. Supported by a 2,500+
strong employee base the Tata International operates through a network of
offices and subsidiaries across 33 countries in Africa, Asia, Europe and
theAmericas. Over the years Tata International has formed strong strategic
alliances and partnerships that have reinforced its role in international trade
and business. It leverages its global presence along with sourcing and marketing
expertise to offer a gamut of products and services in the four key verticals
it operates.
In line with the TATA Group philosophy, the company is deeply committed to
being a proactive, integral and responsible member of the community and the
environment in which it operates. It has won several prestigious national
awards and International certifications for Environment and Quality and is a
signatory to the UN Global Compact.
ST Kinetics (Singapore Technologies Kinetics Limited) is the land systems and
specialty vehicles arm of Singapore Technologies Engineering Limited. It
delivers integrated land systems, specialty vehicles and their related through
life support for defence, homeland security and commercial applications.
TATA INTERNATIONAL FORMS JV WITH WOLVERINE WORLDWIDE
New Delhi, Mon Apr 23
2012
Tata International Ltd (TIL) today said it has formed a joint venture with Wolverine World Wide Inc for wholesale distribution of the latter's footwear and apparel brands Merrell and Caterpillar in India.
The 50:50 joint venture will also have an arrangement with another Tata Group firm, Trent Ltd, which operates lifestyle chain Westside and family fashion store Fashion Yatra among others.
"This (the partnership) is consistent with Tata International's focus on growing its presence in footwear distribution and retail in domestic and international markets," TIL Managing Director N N Tata said in a statement.
NYSE-listed Wolverine World Wide Inc markets branded footwear and apparel and its portfolio includes several brands like Bates, Chaco, Cushe, Hush Puppies, Merrell, Sebago, Soft Style and Wolverine.
In a separate statement Wolverine Worldwide Chairman and CEO Blake W Krueger said: "This new partnership demonstrates the progress we are making towards our goal of expanding the global retail presence of our brands through stand-alone stores, shop-in-shops and selected wholesale distribution."
This joint venture model follows the successful strategy of our owned operations in the United States, Canada and much of Europe, he added.
Commenting on the alliance with Trent, Wolverine said: "This retail alliance will further aid the expansion of the Merrell and Caterpillar footwear brands into this important consumer market."
TIL is the trading arm of the USD 83.3 billion Tata Group. The company manufactures and exports leather and leather products like footwear, garments and accessories.
TIL also retails footwear and leather articles in India under the Tashi brand.
The firm's other businesses include trading and distribution of vehicles, steel, chemicals, minerals, engineering products and solar energy solutions.
TATA INTERNATIONAL WOLVERINE JV LAUNCHES CAT PRODUCTS
Mumbai January
31, 2013
Tata International Wolverine Brands, a joint venture between Tata International and Wolverine World Wide today announced the launch of 'Cat' footwear, apparel and accessories in the country. Cat brand is part of Wolverine.
In April last year Tata Internatiol entered into a joint venture with NYSE listed Wolverine Worldwide, which retails brands such as Hush Puppies, Bates and so on. The 50:50 JV will also also had an arrangement with another Tata group firm, Trent Ltd, which operates lifestyle chain Westside.
The over 100 year-old Cat brand will be available across monobrand stores, leading department stores, footwear specialty stores and online through partners like Myntra, a release from the JV said.
"The Cat collection will provide the Indian consumer with a range of globally-designed products which deliver style and durability to suit varied occasions. Unique in its design, the Cat collection fits well with the Indian consumers," Sanjay Mehra Managing Director of Tata International Wolverine Brands Limited said.
Cat will have denim, woven pants, heritage inspited graphic tees in men's apparel, denim, woven pants in women's apparel and footwear and accessories, the companies said.
NOEL TATA DOES A TRENT AT TATA INTERNATIONAL
Mumbai February
3, 2013
Noel Tata, who built Trent into a Rs 1000 crore company and launched a slew of brands such as Sisley and Zara in India, is looking at launching global brands in Tata International, the exports and trading arm of Tata Group which he heads.
Tata International Wolverine Brands, a joint venture between Tata International and US-based Wolverine World Wide, plans to launch more brands from Wolverine’s portfolio in India.
"We have a pipeline of brands. We will launch more brands when the JV is ready to absorb additional brands," said Sanjay Mehra, Managing Director of Tata International Wolverine Brands.
Wolverine World Wide has 16 brands under it and those include Bates, Harley-Davidson Footwear, Cat, Hush Puppies among others. " We will not launch Hush Puppies which is currently managed by Bata," Mehra said.
The JV launched apparel, footwear and accessories under the premium brand 'Cat' from Wolverine stable on Friday and looking to launch another brand in the next 3-4 months.
"The next brand will also have products for head to toe," Mehra said.
In April last year, Tata International entered into a joint venture with NYSE
listed Wolverine Worldwide. The 50:50 JV will also had an arrangement with
another Tata group firm, Trent Ltd, which operates lifestyle chain Westside.
Noel Tata was managing director of Trent before taking over as MD of Tata International in July 2010.
Tata had successfully launched Zara in India with a JV with Spain’s Inditex group and followed it up with JV announcement with the same group for Massimo Dutti stores. Tata was also instrumental in getting a franchisee agreement with UK’s Tesco to provide back end support to Trent’s Star Bazaar stores.
However, Trent’s venture with Italy’s Benetton Group to open and run Sisley stores in India did not see desired success as the former started winding down the stores last year.
Tata’s stint at Tata International and Trent have similarities. After he joined Tata International, the company ventured into footwear retailing under the ‘Tashi’ brand. Tata International acquired 76 per cent stake each in Bachi Shoes India (BSIPL) and Euro Shoe Components (ESCPL) in late 2010. In 2011, the company acquired 51 per cent stake in Portugal’s Move-on shoes.
However, Tata International had to scale down its footwear retailing venture as most of the stores were rendered commercially unviable.
“Tata has hands on approach in retail and good understanding of global brands. But it is conservative and that’s why the scale and size of Trent and Tata International has not been commensurate with Tata group’s size and scale," said Arvind Singhal, chairman of Technopak Advisors, a retail consultant.
Meanwhile, Tata-Wolverine JV has already opened some pilot locations and is looking to launch Cat stores in the next two months, Mehra said. The stores will have a size of 800 to 1200 sq ft size and the combine will evolve from there. The JV has targeted 10-15 top cities to open stores, he said.
The combine is also looking at opening shop-in-shops in department stores, he said. The JV has already done pilot launch in Westside stores and is in active negotiations with three to four department stores, he said.
"CAT will be a profitable brand in the mid term," Mehra said. Cat's price will range from Rs 3000 to Rs 10,000 in footwear and T Shirts will be available for Rs 900 and jackets will be sold for Rs 3000 to Rs 4000 a piece, he said.
For the industry perception that Cat is not widely known in India and the JV could find it difficult to scale up, Mehra said: "Customer studies have found that the brand is well known and even retailers are bullish about opening Cat stores."
"There is no direct competition in the segment and we have got very positive response," he said
FIXED ASSETS
- Lease hold
Land
- Building,
Roads
- Plant and
Machinery
- Computers
- Furniture and
Fixtures
- Office and
other equipments
- Electrical
installation
- Air
Conditioner
- Refrigerator
- Vehicles and
transport
- Software
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.61.05 |
|
|
1 |
Rs.90.89 |
|
Euro |
1 |
Rs.78.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
59 |
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.