MIRA
INFORM REPORT
|
Report Date : |
23.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
ARYA FILAMENTS PRIVATE LIMITED |
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Registered
Office : |
344, Vishnupuri Annex, Bhanwar Kuwa, A.B.Road, Indore - 452001, Madhya Pradesh |
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Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
10.06.1991 |
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Com. Reg. No.: |
10-006499 |
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Capital
Investment / Paid-up Capital : |
Rs. 20.000 millions |
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CIN No.: [Company Identification
No.] |
U03110MP1991PTC006499 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
BPLA01331B |
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PAN No.: [Permanent Account No.] |
AABC9838Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Electrical Items like TU
Wire, Moly Wire, General Lighting Service, (GLS) Lamps, High-Intensity
Discharge (HID) Lamps, Compact Fluorescent Lamps (CFL), Tungsten Filaments,
Electronic Ballast, Electric Fitting, etc. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 240000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. The company
has recorded modest scale of operation and moderate leverage. The rating also take into consideration the increase in external
borrowing and foreign exchange fluctuation risk. However, trade relations are reported to be fair. Business is active. Payments
are reported to be slow but correct. The company can be considered for business dealings with some caution. |
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 |
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Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
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Rating |
Long term rating : “BB” |
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Rating Explanation |
Having moderate risk of default regarding timely servicing of
financial obligation. |
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Date |
July, 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.
LOCATIONS
|
Registered Office : |
344, Vishnupuri Annex, Bhanwar Kuwa, A.B.Road, Indore - 452001, Madhya
Pradesh, India |
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Tel. No. : |
91-731-2474264 / 2761783 |
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Fax No. : |
91-731-2476366 |
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E-Mail : |
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Factory : |
Plot No. 20 & 22 B, Industrial Area, Sector – 1, Road No. 13, Pithampur, District Dhar – 454775, Madhya Pradesh, India |
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Tel. No.: |
91-731-2474264 / 2761783 / 5091179 / 80 |
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Fax No.: |
91-731-2476366 |
DIRECTORS
As on 25.09.2012
|
Name : |
Mr. Surendra Kumar Agarwal |
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Designation : |
Managing Director |
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Address : |
344, Vishnupuri Annex, Bhanwar Kuwa, A. B. Road, Indore, Madhya Pradesh, India |
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Date of Birth/Age : |
04.04.1967 |
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Date of Appointment : |
10.06.1991 |
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DIN No. : |
00028104 |
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Other Directorship
:
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Name : |
Mr. Nanuram Agarwal |
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Designation : |
Whole-Time Director |
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Address : |
Cf‐148, Salt Lake City, Kolkata – 700064, West Bengal, India |
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Date of Birth/Age : |
28.01.1942 |
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Date of Appointment : |
10.06.1991 |
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DIN No. : |
00082130 |
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Other Directorship
:
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.09.2012
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
Allottees as on
27.12.2012
|
Names of Shareholders |
|
No. of Shares |
|
Nanuram Agarwal |
|
17850 |
|
Surendra Kumar |
|
7000 |
|
Nanuram Agarwal |
|
9278 |
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Nanuram Agarwal |
|
10420 |
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Surendra Kumar Agrawal Karta of S K Agarwal HUF |
|
10500 |
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Darshan Devi Agrawal |
|
5000 |
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Surendra Kumar Agrawal |
|
14000 |
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Darshna Devi Agrawal |
|
5000 |
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Omprakash Tiwari |
|
290 |
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Ram Lagan Ray |
|
285 |
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Rajesh Gupta |
|
315 |
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Rajesh Garg |
|
270 |
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Total |
|
80208 |
As on 25.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
61.09 |
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Other top fifty shareholders |
38.91 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Electrical Items like TU
Wire, Moly Wire, General Lighting Service, (GLS) Lamps, High-Intensity
Discharge (HID) Lamps, Compact Fluorescent Lamps (CFL), Tungsten Filaments,
Electronic Ballast, Electric Fitting, etc. |
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Products : |
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PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Licensed
Capacity |
Installed
Capacity* |
Actual
Production |
|
Tungsten Fine Wire Drawing |
2400 |
3000 |
16.96 Lacs Mt. 885.385 Kgs |
|
Molybdenum Wire Drawing |
2100 |
3000 |
140.61 Lacs Mt. 2962.32 Kg |
|
Tungsten Filaments (In Lacs Pcs) |
600 |
718.50 |
666.04 |
|
Lamps (In Lacs Pcs) |
172.50 |
172.80 |
207.19 |
|
HID Lamps (In Lacs Pcs) (HPSV/MV/MHL) |
2.40 |
2.40 |
0.64 |
|
Electric Fittings and Accessories (In Lacs Pcs) |
2.40 |
2.40 |
0.50 |
|
CFL lamps (In Lacs Pcs) |
158.40 |
158.40 |
3.53 |
|
Electronic Ballast (In Lacs Pcs) |
2.00 |
2.00 |
0.06 |
* As certified by
the management
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
· State Bank of Indore, P. Y. Road, Indore - 452001, Madhya Pradesh, India HDFC Bank Limited Corporation Bank State Bank of India ING Vysya Bank Limited Standard Chartered Bank |
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Facilities : |
Note Term Loan Term loan from HDFC Bank and Corporation Bank was secured by
hypothecation of Cars. Term Loan from ING Vysya Bank was secured by hypothecation of assets
purchased/ created with term loan. Working capital term loan from ING Vysya Bank was secured by
hypothecation of entire present and future current assets and plant and
machinery except vehicles. Cash Credit The cash credit facilities availed from ING Vysya Bank are secured by
hypothecation of the company’s current assets consisting of Inventories of
Finished Goods, Goods in Process, Raw Materials etc. and Book Debts both
present and future. All term loan, Working capital term loan and cash credit facilities
from ING Vysya Bank are further secured by equitable mortgage of Industrial
Property located at Plot No.20 & 22 B Industrial area 1, Pithapur-454775
(M.P.). It is further secured by equitable mortgage of Residential property
of Flat No.401 & 402 Kabir Menor, Sanghi Colony, Indore in the name of
Shri Surendra Kumar Agarwal and Mrs. Suruchi Agrawal and personal guarantee
of all the directors, Mrs. Suruchi Agarwal and Corporate Guarantee of Arya
Electrical Private Limited and R.S. Electricals Private Limited |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
S.R. Naredi and Company Chartered Accountants |
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Address : |
204 Manas Bhawan Extn. 11 R.N.T. Marg, Indore – 452001, Madhya
Pradesh, India |
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Tel. No. : |
91-731-2513878 |
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Mobile No. : |
91-9827034764 |
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E-Mail : |
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PAN No. : |
ABUPN5883D |
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Related Parties : |
· R. S. Electrical Private Limtied Arya Electrical Private Limtied |
CAPITAL STRUCTURE
After 25.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.100/- each |
Rs. 30.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
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|
280208 |
Equity Shares |
Rs.100/- each |
Rs. 28.021 Millions |
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As on 25.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.100/- each |
Rs. 30.000 Millions |
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|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.100/- each |
Rs. 20.000 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
20.000 |
20.000 |
|
(b) Reserves & Surplus |
|
33.565 |
27.770 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
5.921 |
5.821 |
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Total Shareholders’
Funds (1) + (2) |
|
59.486 |
53.591 |
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
9.763 |
6.904 |
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(b) Deferred tax liabilities (Net) |
|
3.151 |
2.833 |
|
(c) Other long term liabilities |
|
1.174 |
1.331 |
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(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
14.088 |
11.068 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
91.345 |
60.820 |
|
(b) Trade payables |
|
88.838 |
91.857 |
|
(c) Other current
liabilities |
|
18.491 |
9.445 |
|
(d) Short-term provisions |
|
2.419 |
1.830 |
|
Total Current Liabilities (4) |
|
201.093 |
163.952 |
|
|
|
|
|
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TOTAL |
|
274.667 |
228.611 |
|
|
|
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|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
33.074 |
33.016 |
|
(ii) Intangible Assets |
|
0.654 |
0.902 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
1.619 |
1.085 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
35.347 |
35.003 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
105.243 |
68.830 |
|
(c) Trade receivables |
|
113.714 |
103.281 |
|
(d) Cash and cash
equivalents |
|
10.216 |
7.962 |
|
(e) Short-term loans and
advances |
|
9.839 |
13.003 |
|
(f) Other current assets |
|
0.308 |
0.532 |
|
Total Current Assets |
|
239.320 |
193.608 |
|
|
|
|
|
|
TOTAL |
|
274.667 |
228.611 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
20.000 |
|
|
2] Share Application Money |
|
|
5.931 |
|
|
3] Reserves & Surplus |
|
|
23.243 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
49.174 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
51.362 |
|
|
2] Unsecured Loans |
|
|
3.563 |
|
|
TOTAL BORROWING |
|
|
54.925 |
|
|
DEFERRED TAX LIABILITIES |
|
|
2.543 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
106.642 |
|
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
31.509 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
53.892 |
|
|
Sundry Debtors |
|
|
80.340 |
|
|
Cash & Bank Balances |
|
|
6.172 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
12.482 |
|
Total
Current Assets |
|
|
152.886 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
75.535 |
|
|
Other Current Liabilities |
|
|
0.857 |
|
|
Provisions |
|
|
1.361 |
|
Total
Current Liabilities |
|
|
77.753 |
|
|
Net Current Assets |
|
|
75.133 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
106.642 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
354.189 |
283.863 |
|
|
|
Other Income |
|
15.139 |
13.053 |
|
|
|
TOTAL (A) |
422.062 |
369.328 |
296.916 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw material consumed |
|
152.070 |
107.697 |
|
|
|
Trade purchases |
|
85.669 |
91.309 |
|
|
|
Manufacturing expenses |
|
25.639 |
21.746 |
|
|
|
Employees remuneration and benefits |
|
21.752 |
15.191 |
|
|
|
Administrative expenses |
|
34.900 |
27.612 |
|
|
|
Selling and Distribution expenses |
|
18.672 |
10.756 |
|
|
|
Excise duty |
|
16.168 |
10.662 |
|
|
|
Increase/(Decrease) in Stock |
|
(5.309) |
(3.556) |
|
|
|
TOTAL (B) |
396.724 |
349.561 |
281.417 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
25.338 |
19.767 |
15.499 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
13.219 |
9.122 |
6.547 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
12.119 |
10.645 |
9.952 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.266 |
3.913 |
3.620 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
8.853 |
6.732 |
5.332 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.058 |
2.205 |
1.588 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
5.795 |
4.527 |
3.744 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
27.008 |
22.481 |
18.737 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
32.803 |
27.008 |
22.481 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
0.022
|
0.702 |
0.606 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
60.126 |
47.058 |
35.557 |
|
|
|
Traded Goods |
1.352 |
1.225 |
0.377 |
|
|
|
Capital Goods |
0.000 |
1.504 |
0.000 |
|
|
TOTAL IMPORTS |
61.478 |
49.787 |
35.934 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
28.98 |
22.64 |
18.72 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.37
|
1.23 |
1.26 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
1.90 |
1.88 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.22
|
2.94 |
2.89 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.13 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.70
|
1.26 |
1.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.19
|
1.18 |
1.97 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming financial
year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS
|
Particulars |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
In Millions) |
|
Long-term
Borrowings |
|
|
|
Term Loan |
|
|
|
Magma Fincorp Limited |
0.185 |
0.950 |
|
HDFC Bank Limited |
0.793 |
1.838 |
|
Standard Chartered Bank |
0.000 |
0.444 |
|
Short Term
borrowings |
|
|
|
Term Loan |
|
|
|
Magma Fincorp Limited |
0.745 |
0.614 |
|
HDFC Bank Limited |
1.045 |
0.894 |
|
Standard Chartered Bank |
0.444 |
1.676 |
|
Total |
3.212
|
6.416
|
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U03110MP1991PTC006499 |
|
Name of the
company |
ARYA FILAMENTS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
344, Vishnupuri Annexbhanwarkuwa A.B.Road, Indore - 452001, Madhya
Pradesh, India E-mail: aryask949@rediffmail.com
|
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10190620 |
|
Type of charge |
Others (Corporate Guarantee) |
|
Particular of
charge holder |
State Bank of
India, SME Branch, Sector-5 Ranipur, BHEL, Haridwar – 249403, Uttarakhand,
India E-mail: sbi.00586@sbi.co.in |
|
Nature of
instrument creating charge |
1. Guarantee
Agreement |
|
Date of
instrument Creating the charge |
14.01.2013 |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest As per Agreement
of Guarantee or/ as advised by Bank from time to time. Terms of Repayment As per Agreement
of Guarantee or/ as advised by Bank from time to time. Margin As per Agreement
of Guarantee or/ as advised by Bank from time to time. Extent and Operation of the charge As per Agreement
of Guarantee or/ as advised by Bank from time to time. Others The Company i.e. Arya Filaments Private Limited has undertaken a Corporate Guarantee to secure the repayment of various cash credit facilities aggregating to Rs. 45.000 granted by Bank to Arya Electricals (India) Private Limited: Cash Credit : Rs. 35.000 millions Cash Credit (Book Debts) : (Rs. 17.500 millions) Letter of Credit : Rs. 10.000 millions Total : 45.000
millions |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Corporate
Guarantee |
|
Particulars of
the present modification |
Corporate
Guarantee given by Arya Filaments Private Limited, for the Enhanced Cash Credit Limits
provided by the Bank to Arya Electricals (India) Private Limited Details of Enhanced Cash Credit limits
are as follows: Cash Credit: Rs.
30.000 millions to Rs. 35.000
millions Cash Credit (Book
Debts): (Rs. 15.000 millions)
to (Rs. 17.500 millions) Letter of Credit:
Rs. 0.000 to Rs. 10.000 millions Total: Rs. 30.000
millions to Rs. 45.000 millions (as the previous Limit of Rs. 64.000 millions was reduced to Rs. 30.000 millions) |
CONTINGENT
LIABILITIES NOT PROVIDED FOR:
(Rs. in millions)
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
Bank Guarantee |
1.412 |
1.255 |
|
|
|
|
FIXED ASSETS
v
Tangible
Assets
Land
Land
and Site Development
Factory
Building
Plant
and Machineries
Electrical
Installations
LPG
Bullet and Gas Cylinder
Computers
Furniture
and Fixtures
Vehicles
v
Intangible Assets
Computers
Softwares
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.59.41 |
|
|
1 |
Rs.90.74 |
|
Euro |
1 |
Rs.78.11 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
36 |
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.