MIRA
INFORM REPORT
|
Report Date : |
24.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
BAUMER TECHNOLOGIES INDIA PRIVATE LIMITED |
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|
|
Formerly Known
As : |
WAAREE INSTRUMENTS LIMITED (w.e.f. 07.02.1997) WAAREE INSTRUMENTS PRIVATE LIMITED |
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Registered
Office : |
8/A & 8/B, 8th Floor, 32 Corporate Avenue, Near Paper,
Box House, Off Mahakali Caves Road, Andheri (East), Mumbai – 400093,
Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
27.02.1989 |
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Com. Reg. No.: |
11-050808 |
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Capital
Investment / Paid-up Capital : |
Rs. 40.369 millions |
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CIN No.: [Company Identification
No.] |
U29299MH1989PTC050808 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of all types of Pressure Gauges, Temperature Gauges,
Temperature Gauges, Termperature Sensors, Pressure and Temperature
Calibrating Systems, Various Accessories, Valves and Weights for Dead Weight
Tester among others. |
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|
|
|
No. of Employees
: |
600 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1010000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “BAUMER HOLDINGS AG”. It is an established company having a satisfactory track record. There
appers drastic dip in its sales and profitability. However, general financial position seems to be strong. Trade
relations are reported to be fair. Business is active. Payments are reported
to be usually correct and as per commitment. 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 |
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Restricted |
C2 |
|
Off-credit |
D |
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Ms. Pallavi |
|
Designation : |
Accounts Department |
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Contact No.: |
91-22-61274039 |
|
Date : |
24.07.2013 |
LOCATIONS
|
Registered Office : |
88/A & 8/B, 8th Floor, 32 Corporate Avenue, Near Paper, Box House, Off Mahakali Caves Road, Andheri (East), Mumbai – 400093, Maharashtra, India |
|
Tel. No.: |
91-22-61274039 / 61274000 |
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Fax No.: |
91-22-36873613 |
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E-Mail : |
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Website: |
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Location : |
Owned |
|
|
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Factory 1 : |
Plot No. 34, Phase- 1, GIDC, Vapi - 396195, |
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Tel. No.: |
91-260-2410123 |
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Fax No.: |
91-260-2410177 |
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E-Mail : |
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Factory 2 : |
260/3/1, |
|
Tel No.: |
91-260-2668006 / 8544
(Telefax) |
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Mobile No.: |
91-260-3293740 / 42 (Fac. RIM) |
|
Email : |
waareedadra@waaree.com
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|
Website : |
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Area : |
35 sq ft |
|
Location : |
Owned |
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Factory 3 : |
Plot No. 231-236, |
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Branch Office : |
Located at: ·
Baroda Chennai Delhi Chandigarh Kolkata Pune Nagpur Dharwad Dadra Hyderabad |
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Overseas Office : |
Located at: · Dubai Italy Doha-Qatar Russia China Europe Qatar Saudi Arabia UAE |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Shyam Arjundas Warialani |
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Designation : |
Managing Director |
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|
Address : |
60/61, Suncity Complex, Near Vishwamitrri Railway Station, Manjalpur,
Baroda – 390011, Gujarat, India |
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Date of Birth/Age : |
19.01.1958 |
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Date of Appointment : |
01.04.2011 |
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DIN No. : |
03379947 |
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|||||||||||||||||||||||||||
|
Name : |
Alf Benedikt Zips |
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Designation : |
Additional Director |
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Address : |
Konstanzer Strasse 13 Kreuzlingen |
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Date of Birth/Age : |
11.06.1957 |
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Date of Appointment : |
14.02.2013 |
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DIN No. : |
06490732 |
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|||||||||||||||||||||||||||
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Name : |
Mr. Suresh Dattatray Dikshit |
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Designation : |
Additional director |
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Address : |
A-41, Paradise Tower, Opposite Baner Telephone Exchange, Pune -
411045, Maharashtra, India |
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Date of Birth/Age : |
06.02.1948 |
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Date of Appointment : |
01.10.2012 |
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DIN No. : |
00056768 |
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Other Directorship :
|
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KEY EXECUTIVES
|
Name : |
Ms. Pallavi |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Baumer Holding AG, Switzerland |
|
4036919 |
|
Baumer Management Services AG, Switzerland |
|
1 |
|
Baumer Electric AG, Switzerland |
|
1 |
|
Baumer Innotec AG, Switzerland |
|
1 |
|
Baurdon – Haenni Holding AG, Switzerland |
|
1 |
|
Viebe Holding AG, Switzerland |
|
1 |
|
Oliver Vietze |
|
1 |
|
Total |
|
4036925 |
As on 28.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of all types of Pressure Gauges, Temperature Gauges,
Temperature Gauges, Termperature Sensors, Pressure and Temperature
Calibrating Systems, Various Accessories, Valves and Weights for Dead Weight
Tester among others. |
|
|
|
|
Exports : |
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|
Products : |
Finished Goods |
|
Countries : |
·
Kuwait Indonesia Australia Malaysia South Africa Bangladesh Mauritius Sri Lanka Brazil Mexico Syria Canada Nigeria Taiwan Chile Pakistan Turkey China Philippines UAE Denmark Poland UK Egypt Saudi Arabia Uruguay Iran Singapore USA Israel Korea Venezuela Italy France Zambia Japan Russia Kenya Thailand |
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|
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Imports : |
|
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Products : |
Raw Materials |
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Countries : |
· Stati Uniti Italia Gran Bretagna Australia Svizzera Europe USA Germany Switzerland |
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Terms : |
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Selling : |
Credit |
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Purchasing : |
Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
600 (Approximately) |
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Bankers : |
· Syndicate Bank, Andheri (East) Branch, Sangam Cinema Compound, 127 Andheri Kurla Road, J. B. Nagar, Andheri (East), Mumbai - 400059, Maharashtra, India Tel. No.: 91-22-28329537 ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri,
Baroda - 390015, Gujarat, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Sudit K Parekh and Company Chartered Accountants |
|
Address : |
Ballard House, 2nd Floor, Adi Marzban Path, Ballard Pier,
Fort Mumbai - 400001, Maharashtra, India |
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Tel. No. : |
91-22-66178000 |
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Fax No. : |
91-22-66178002 |
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E-Mail : |
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PAN No. : |
AAAFS4500P |
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Holding
Company : |
Baumer Holdings AG, Switzerland |
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|
Fellow
Subsidiaries : |
· Baumer Limited Baumer S.A.S Baumer Electric AG Baumer (Singapore) Pte. Limited Baumer Limited Baumer Inc. Baumer Management Services AG Baumer Beteiligungs GmbH Baumer (Italia) S.r.i Baumer SCI Baumer Beteiligungs GmbH Bourdon Haenni Holding AG Qualivision AG Baumer (China) Company Limited Baumer (China) Trading Company Limited Baumer Innotec AG Baumer India Private Limited Baumer do Brasil Ltda. Baumer Sp.z.o.o Baumer Middle East FZE |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
600000 |
Preference Shares |
Rs. 10/- each |
Rs. 6.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.
56.000Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4036925 |
Equity Shares |
Rs.10/- each |
Rs. 40.369 Millions |
|
|
|
|
|
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 |
|
40.369 |
40.369 |
|
(b) Reserves & Surplus |
|
212.442 |
198.079 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
252.811 |
238.448 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
45.065 |
45.437 |
|
(b) Deferred tax liabilities (Net) |
|
1.357 |
5.689 |
|
(c) Other long term liabilities |
|
0.625 |
0.625 |
|
(d) long-term provisions |
|
3.426 |
1.324 |
|
Total Non-current Liabilities (3) |
|
50.473 |
53.075 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.841 |
64.667 |
|
(b) Trade payables |
|
172.600 |
144.356 |
|
(c) Other current
liabilities |
|
20.979 |
26.419 |
|
(d) Short-term provisions |
|
1.007 |
3.272 |
|
Total Current Liabilities (4) |
|
195.427 |
238.714 |
|
|
|
|
|
|
TOTAL |
|
498.711 |
530.237 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
87.601 |
107.508 |
|
(ii) Intangible Assets |
|
3.083 |
4.039 |
|
(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 |
|
13.841 |
9.384 |
|
(e) Other Non-current assets |
|
4.790 |
0.000 |
|
Total Non-Current Assets |
|
109.315 |
120.931 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
172.951 |
154.401 |
|
(c) Trade receivables |
|
195.783 |
204.205 |
|
(d) Cash and cash
equivalents |
|
8.726 |
28.600 |
|
(e) Short-term loans and
advances |
|
11.869 |
22.033 |
|
(f) Other current assets |
|
0.067 |
0.067 |
|
Total Current Assets |
|
389.396 |
409.306 |
|
|
|
|
|
|
TOTAL |
|
498.711 |
530.237 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
40.369 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
253.057 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
293.426 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
144.170 |
|
|
2] Unsecured Loans |
|
|
5.996 |
|
|
TOTAL BORROWING |
|
|
150.166 |
|
|
DEFERRED TAX LIABILITIES |
|
|
13.148 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
456.740 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
169.806 |
|
|
Capital work-in-progress |
|
|
0.509 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
67.708 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
102.021 |
|
|
Sundry Debtors |
|
|
186.201 |
|
|
Cash & Bank Balances |
|
|
14.151 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
40.120 |
|
Total
Current Assets |
|
|
342.493 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
100.799 |
|
|
Other Current Liabilities |
|
|
12.420 |
|
|
Provisions |
|
|
10.557 |
|
Total
Current Liabilities |
|
|
123.776 |
|
|
Net Current Assets |
|
|
218.717 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
456.740 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
|
|
|
Income |
|
842.193 |
620.892 |
|
|
|
Other Income |
|
12.519 |
7.629 |
|
|
|
TOTAL (A) |
692.952 |
854.712 |
628.521 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
464.634 |
338.107 |
|
|
|
Manufacturing and Other Expenses |
|
185.185 |
107.214 |
|
|
|
Personnel Costs |
|
103.194 |
83.509 |
|
|
|
Prior Period Adjustments |
|
0.639 |
0.000 |
|
|
|
(Increase)/ Decrease in Stocks |
|
(39.542) |
1.576 |
|
|
|
TOTAL (B) |
664.774 |
714.110 |
530.406 |
|
|
|
(Including |
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
Financial and
Depreciation) |
140.602 |
98.115 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
20.301 |
18.131 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
120.301 |
79.984 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
12.598 |
9.713 |
|
|
|
|
|
|
|
|
|
|
PROFITBEFORE TAX
(E-F) (G) |
28.178 |
107.703 |
70.271 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
13.815 |
34.546 |
26.259 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
14.363 |
73.157 |
44.012 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
143.675 |
206.065 |
162.053 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
7.411 |
0.000 |
|
|
|
Interim Dividend |
0.000 |
109.885 |
0.000 |
|
|
|
Tax on Dividend |
0.000 |
18.251 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
158.038 |
143.675 |
206.065 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
NA |
303.787 |
217.626 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.56 |
18.12 |
10.90 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.07
|
8.56 |
7.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
12.79 |
11.32 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.69
|
20.31 |
13.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11
|
0.45 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.18
|
0.46 |
0.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.99
|
1.71 |
2.77 |
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
Index of Charges: No
Charges Exist for Company
NOTE
The registered office of the company has been shifted from 36/ 37, Damji
Shamji Industrial Estate, Off
BACKGROUND
Subject is a company incorporated in 1989 registered in Mumbai presently involved in the manufacturing of all types of Pressure Gauges, Temperature Gauges, Temperature Gauges, Termperature Sensors, Pressure and Temperature Calibrating Systems, Various Accessories, Valves and Weights for Dead Weight Tester among others. The company is a wholly owned subsidiary of Baumer Holding AG, Switzerland. Subsequently, the company has changed its name to Baumer Technologies India Private Limited
UNSECURED LOANS
|
Particulars |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
In Millions) |
|
Long term
borrowings |
|
|
|
45,000 (PY: 45,000) 10.5%Compulsorily Convertible Debentures of Rs. 1,000 each fully paid up (AH the above compulsorily convertible debentures are held by Baumer Holding AG, Switzerland, the holding company. The above debentures are compulsorily convertible as per the conversion ratio of 3.51 equity shares of the company for each fully paid compulsorily convertible debenture at an agreed price per equity share and would be converted on earlier of expiry of period of 60 months from the date of issuance or requirement of law or at discretion of the investor but not before 12 months from the date of investment agreement dated 16th October 2010). |
45.000 |
45.000 |
|
Short term
borrowings |
|
|
|
From banks: |
|
|
|
Overdraft facility (The above facility from Deutsche Bank is secured by way of corporate guarantee from Baumer Holding AG) |
0.841 |
64.667 |
|
Total |
45.841
|
109.667
|
FIXED ASSETS
v Tangible Assets
Leasehold
Land
Factory
Premises
Plant
and Equipments
Office
Equipments
Furniture
and Electrical Fittings
Computer
Systems
v
Intangible
Assets
Computer
Software and Licenses
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.59.45 |
|
|
1 |
Rs.91.24 |
|
Euro |
1 |
Rs.78.44 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.