|
Report Date : |
25.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
TATA INTERNATIONAL DLT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
3rd Floor, Sterling Centre, Dr. A.B. Road, Worli, Mumbai –
400 018, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
29.06.2005 |
|
|
|
|
Com. Reg. No.: |
11-154348 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.170.800
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34200MH2005PTC154348 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT13214F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCT2953Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Design, Development and Manufacturing of Trailers,
Semi-Trailers, Trolleys and Engineering Fabricated Assemblies. |
|
|
|
|
No. of Employees
: |
Information declined by the Management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 816000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was formed as a 50:50 Joint Venture between Tata International
Limited (TIL) and Dutch Lanka Trailer Manufacturers Limited. It is an established company having a satisfactory track record.
Financial position of the company is improving. It has recorded a better
increase in its sales turnover during 2012 but there appears some dip in
profits. Trade relations are reported as decent. Business is active. Payments
are reported to be usually correct and as per commitments. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term Rating: A |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
January 10, 2012 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Rating: A1 |
|
Rating Explanation |
Very strong degree of safety and lowest credit risk. |
|
Date |
January 10, 2012 |
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 BY
|
Name : |
Mr. Krishnan R. |
|
Designation : |
Deputy General Manager – Marketing |
|
Contact No.: |
91-9922968948 |
|
|
|
|
Name : |
Mr. Anjan Kumar Srivastava |
|
Designation : |
Chief Financial Officer |
|
Contact No.: |
91-9011015809 |
|
Date : |
23.07.2013 |
LOCATIONS
|
Registered Office : |
3rd Floor, Sterling Centre, Dr. A.B. Road, Worli, Mumbai –
400 018, Maharashtra, India |
|
Tel. No.: |
91-22-66652299/ 66652200 |
|
|
91-9922968948 (Mr. Krishnan R.) 91-9011015809 (Mr. Anjan Kumar Srivastava) |
|
Fax No.: |
91-22-66612836 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory/ Correspondence
Address : |
Gat No.281 and 284, Village Santosh Nagar, Off Pune-Nasik
Highway, Waki, Taluka Khed, Pune – 410 501, Maharashtra, India. |
|
Tel. No.: |
91-2135-278234 |
DIRECTORS
AS ON 28.07.2011
|
Name : |
Mr. Arun Kumar Vora |
|
Designation : |
Director |
|
Address : |
S-2, 3rd Floor, Orchid Apartments, Defence Colony,
Indiranagar, Bangalore – 560 038, Karnataka, India |
|
Date of Birth/Age : |
14.08.1941 |
|
Date of Appointment : |
23.05.2007 |
|
DIN No.: |
00191774 |
|
PAN No.: |
AAIPV2198N |
|
|
|
|
Name : |
Mr. Sudhir Laxmikant Deoras |
|
Designation : |
Director |
|
Address : |
191-B, Maker Towers, B Wing, Cuffe Parade, Mumbai – 400 005,
Maharashtra, India |
|
Date of Birth/Age : |
01.08.1951 |
|
Date of Appointment : |
13.10.2009 |
|
DIN No.: |
00206099 |
|
PAN No.: |
ABIPD0866A |
|
|
|
|
Name : |
Mr. Dilip Mohanlal Kodikara |
|
Designation : |
Director |
|
Address : |
161/2A, Wimukthi Mawatha, Kaduwela Road, Malabe, 0, Sri Lanka |
|
Date of Birth/Age : |
09.01.1965 |
|
Date of Appointment : |
29.06.2005 |
|
DIN No.: |
00324507 |
|
|
|
|
Name : |
Mr. Ajay Murlidhar Ponkshe |
|
Designation : |
Director |
|
Address : |
Flat No.3, 1st Floor Yashodhan, sahayog Mandir Path,
Naupada, Thane – 400 601, Maharashtra, India |
|
Date of Birth/Age : |
27.02.1960 |
|
Date of Appointment : |
27.08.2007 |
|
DIN No.: |
01663073 |
|
PAN No.: |
AAEPP6047Q |
|
|
|
|
Name : |
Mr. Opender Kumar Kaul |
|
Designation : |
Director |
|
Address : |
102 B, Vaibhav Nagar, Kannadia Road, Indore – 452 016, Madhya Pradesh,
India |
|
Date of Birth/Age : |
30.10.1948 |
|
Date of Appointment : |
28.04.2009 |
|
DIN No.: |
01474455 |
|
PAN No.: |
ADZPK7405M |
|
|
|
|
Name : |
Mr. Kulbhushan Girotra |
|
Designation : |
Director |
|
Address : |
D-4, Melody, 12 ICS Colony, Ganesh Khind Road, Pune – 411 007,
Maharashtra, India |
|
Date of Birth/Age : |
01.10.1947 |
|
Date of Appointment : |
13.10.2009 |
|
DIN No.: |
00286114 |
|
PAN No.: |
AAYPG5642A |
KEY EXECUTIVES
|
Name : |
Mr. Manoj Vasant Deshmukh |
|
Designation : |
Company Secretary |
|
Address : |
G-1002, Eternity, Teen Hath Naka, Thane – 400 602, Maharashtra, India |
|
Date of Birth/Age : |
30.04.1963 |
|
Date of Appointment : |
06.10.2008 |
|
PAN No.: |
AHMPD2381G |
|
|
|
|
Name : |
Mr. Krishnan R. |
|
Designation : |
Deputy General Manager – Marketing |
|
|
|
|
Name : |
Mr. Anjan Kumar Srivastava |
|
Designation : |
Chief Financial Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2012
|
Names of Shareholders |
|
No. of Shares |
|
Tata International Limited, India |
|
85400 |
|
Dutch Lanka Trailer Manufacturers Limited, Sri Lanka |
|
85400 |
|
Total
|
|
170800 |
AS ON 28.07.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
50.00 |
|
Bodies
corporate |
|
50.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Design, Development and Manufacturing of Trailers, Semi-Trailers,
Trolleys and Engineering Fabricated Assemblies. |
||||||||
|
|
|
||||||||
|
Products : |
|
PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
Unit |
Licensed
Capacity* |
Installed
Capacity* |
Actual
Production |
|
Trailers |
No. |
3000 |
3000 |
2270 |
|
Others |
No. |
-- |
-- |
59 |
* As certified by the management and relied upon by the auditors being
technical matters.
GENERAL INFORMATION
|
Suppliers : |
·
Dhanashree Engineers
Private Limited ·
Jai Jagdamba Precision ·
Clinweld Wires Private
Limited ·
Maheshawari Stamping ·
Mansons Suspensions
Private Limited ·
Metcon Coatings and
Chemicals (India) Private Limited ·
Nath Hari Engineers
Private Limited ·
Pioneer Ispat Private
Limited ·
Soham Industries ·
Toss Enterprises ·
Vishwadeep Enterprises |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Customers : |
Tata Motors |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
Information declined by the Management |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
· The Honkong and Shanghai Banking Corporation Limited, Bund Garden, Pune, Maharashtra, India · State Bank of India, Industrial Finance Branch, Kasarwadi, Pimpri Branch, Pune – 411 034, Maharashtra, India · The Honkong and Shanghai Banking Corporation Limited, 52/60, Mahatma Gandhi Road, Mumbai – 400 001, Maharashtra, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
J.P.J. Associates Chartered Accountants |
|
Address : |
46, Shri Krishna Nagar, Borivali (East), Mumbai – 400 066,
Maharashtra, India |
|
Tel. No.: |
91-22-28975829 |
|
E-Mail : |
|
|
PAN No.: |
AABFJ6339C |
|
|
|
|
Joint Venture Partner : |
· Tata International Limited, India · Dutch Lanka Trailers Manufacturers Limited, Sri Lanka |
|
|
|
|
Subsidiary of Joint
Venture Partner (Tata International Limited) : |
· Tata South East Asia Limited, Hong Kong |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs.1000/- each |
Rs.250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
170800 |
Equity Shares |
Rs.1000/- each |
Rs.170.800
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 |
|
170.800 |
170.800 |
|
(b) Reserves & Surplus |
|
33.152 |
28.458 |
|
(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) |
|
203.952 |
199.258 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
112.500 |
55.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) Long-term
provisions |
|
1.270 |
0.855 |
|
Total Non-current
Liabilities (3) |
|
113.770 |
55.855 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
185.227 |
67.548 |
|
(b)
Trade payables |
|
109.332 |
206.724 |
|
(c) Other
current liabilities |
|
55.186 |
7.062 |
|
(d) Short-term
provisions |
|
10.516 |
7.644 |
|
Total Current
Liabilities (4) |
|
360.261 |
288.978 |
|
|
|
|
|
|
TOTAL |
|
677.983 |
544.091 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
284.398 |
115.553 |
|
(ii)
Intangible Assets |
|
1.561 |
0.624 |
|
(iii)
Capital work-in-progress |
|
0.000 |
45.350 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
1.138 |
2.501 |
|
(d) Long-term Loan and Advances |
|
1.418 |
0.591 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
288.515 |
164.619 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
208.648 |
155.550 |
|
(c)
Trade receivables |
|
131.377 |
196.656 |
|
(d) Cash
and cash equivalents |
|
0.125 |
1.541 |
|
(e)
Short-term loans and advances |
|
10.059 |
8.624 |
|
(f)
Other current assets |
|
39.259 |
17.101 |
|
Total
Current Assets |
|
389.468 |
379.472 |
|
|
|
|
|
|
TOTAL |
|
677.983 |
544.091 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
106.800 |
|
|
2] Share Application Money |
|
|
45.016 |
|
|
3] Reserves & Surplus |
|
|
10.598 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
162.414 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
55.862 |
|
|
2] Unsecured Loans |
|
|
39.492 |
|
|
TOTAL BORROWING |
|
|
95.354 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
257.768 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
121.251 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
1.196 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
207.363 |
|
|
Sundry Debtors |
|
|
34.920 |
|
|
Cash & Bank Balances |
|
|
1.579 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
53.295 |
|
Total
Current Assets |
|
|
297.157 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
149.821 |
|
|
Other Current Liabilities |
|
|
7.039 |
|
|
Provisions |
|
|
5.865 |
|
Total
Current Liabilities |
|
|
162.725 |
|
|
Net Current Assets |
|
|
134.432 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.889 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
257.768 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1482.981 |
1386.544 |
769.020 |
|
|
|
Other Income |
NA |
NA |
15.902 |
|
|
|
TOTAL (A) |
NA |
NA |
784.922 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Operating and Other Expenses |
NA |
NA |
724.150 |
|
|
|
Exchange Loss |
NA |
NA |
4.324 |
|
|
|
TOTAL (B) |
NA |
NA |
728.474 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
NA |
56.448 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
NA |
15.442 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
11.939 |
42.514 |
41.006 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
NA |
5.090 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
NA |
NA |
35.916 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
NA |
11.433 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
7.077 |
27.818 |
24.483 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
25.658 |
10.598 |
(13.885) |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
2.800 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
30.352 |
25.658 |
10.598 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
0.000 |
4.871 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and Components |
NA |
100.383 |
0.000 |
|
|
|
Accessories Stores & Part of Trailer |
NA |
0.000 |
181.873 |
|
|
TOTAL IMPORTS |
NA |
100.383 |
181.873 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
41.00 |
155.00 |
229.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
NA
|
3.12 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
4.67 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA
|
8.58 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA
|
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.46 |
0.62
|
0.59 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.08 |
1.31
|
1.83 |
LOCAL AGENCY FURTHER INFORMATION
Details of Current
maturities of long-term debt:
|
Particulars |
31.03.2012 (Rs.
in millions) |
31.03.2011 (Rs.
in millions) |
31.03.2010 (Rs.
in millions) |
|
Current maturities of long-term debt |
37.500 |
0.000 |
NA |
|
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 |
No |
|
6) Line of Business |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
No |
|
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 |
Yes |
|
18) Major customers |
Yes |
|
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 |
Yes |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
Yes |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10264495 |
24/01/2011 |
150,000,000.00 |
TATA CAPITAL
LIMITED |
One Forbes, Dr V
B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B04526257 |
|
2 |
10273678 |
24/01/2011 |
150,000,000.00 |
TATA CAPITAL
LIMITED |
One Forbes, Dr V
B Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India |
B07985393 |
|
3 |
10211233 |
15/11/2011 * |
200,000,000.00 |
STATE BANK OF
INDIA |
Industrial
Finance Branch, Kasarwadi, Pimpri, Pune, Maharashtra - 411034, India |
B29576139 |
|
4 |
10026737 |
31/10/2011 * |
200,000,000.00 |
THE HONGKONG AND
SHANGHAI BANKING CORPORATION LIMI |
52/60, Mahatma
Gandhi Road, Fort, Mumbai, Maharashtra - 400001, India |
B26740662 |
* Date of charge modification
OPERATIONS:
The Company sold
2474 trailers during 2011-12 with a turnover (net of excise) of Rs.1482.981 millions
compared to sale of 2329 trailers and a turnover of Rs.1386.544 millions in the
previous year.
NEW PRODUCTS
During the year,
the Company initiated research and experiments on a range of new products like Semi
Low Bed Trailer, Trailer for special Defense application, Running Gears with
Air Suspension for Tanker Trailers, etc. The Company has already commenced
commercial production of these products and are being accepted well in the
market.
FIXED ASSETS:
· Land
· Building
· Plant and Machinery
· Office Equipment
· Computer
· Furniture and Fixture
· Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.45 |
|
|
1 |
Rs.91.24 |
|
Euro |
1 |
Rs.78.44 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
52 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.