MIRA INFORM REPORT
|
Report Date : |
31.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
SUPERNOVA ENGINEERS LIMITED |
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|
|
|
Formerly Known
As : |
SUPERNOVA ENGINEERS PRIVATE LIMITED |
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|
Registered Office : |
B-91, C G Road, Pariseema Complex, 9th Floor, Opposite Lal
Bungalow, Ellisbridge, Ahmedabad-380006, Gujarat |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
02.02.1987 |
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Com. Reg. No.: |
04-009346 |
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Capital
Investment / Paid-up Capital : |
Rs. 36.000 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U31100GJ1987PLC009346 |
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|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
AHNS00113B |
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PAN No.: [Permanent
Account No.] |
AACCS6758G |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
Line of Business : |
Manufacturer and Exporter of Diesel Generators Sets. |
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No. of Employees
: |
100 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 960000 |
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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 an established company having a satisfactory track record.
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 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 |
CARE |
|
Rating |
BBB+ (Long Term Bank Facilities) |
|
Rating Explanation |
Having moderate degree of safety regarding timely servicing of
financial obligation. It carry moderate credit risk. |
|
Date |
February 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. Loknath |
|
Designation : |
Export Import Department |
|
Contact No.: |
91-79-26401450 |
|
Date : |
29.07.2013 |
LOCATIONS
|
Registered Office : |
B-91, |
|
Tel. No.: |
91-79-26401450 / 26401676 / 26407792 |
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Fax No.: |
91-79-26400004 / 26408982 / 26400633 |
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E-Mail : |
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|
Website : |
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|
Area : |
4000 sq. ft |
|
Location : |
Owned |
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|
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|
Marketing Office : |
3rd Floor, Gopal Palace – ‘A’ Wing, Opposite Ocean Park,
Nehru Nagar Cross Road, Ahmedabad, Gujarat, India |
|
Tel. No.: |
91-79-32422163/ 32422166/ 26766824 |
|
Fax No.: |
91-79-26766825 |
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E-Mail : |
|
|
|
|
|
Factory 1 : |
Rajpur 1470/1, Village, Rajpur, Taluka, Kadi, District Mehsana, Gujarat,
India |
|
Tel. No.: |
91-2764-324852/ 856 |
|
Fax No.: |
91-2764-278469 |
|
Area : |
10000 sq.mtr |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
Silvasa Survey No. 263/2/1, Plot No. 1, Village Sayli, Silvassa, Dadra and
Nagar Haveli, India |
|
Tel. No.: |
91-260-2996630/ 32 |
|
Fax No.: |
91-260-2996631 |
|
Area : |
40000 sq. ft |
|
Location : |
Owned |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Samir Vasudev Mistry |
|
Designation : |
Managing Director |
|
Address : |
14, Pushpadhanvan Bungalows, Opposite Taxsheela Flats, Vastrapur,
Ahmedabad-380015, |
|
Date of Birth/Age : |
15.11.1961 |
|
Qualification : |
Diploma in Electric Engineering |
|
Date of Appointment : |
02.02.1987 |
|
PAN No.: |
AFQPM4432D |
|
DIN No.: |
01376697 |
|
|
|
|
Name : |
Mr. Unmesh Vasudevbhai Mistry |
|
Designation : |
Whole Time Director |
|
Address : |
14, Pushpadhanvan Bungalows, Opposite Taxsheela Flats, Vastrapur,
Ahmedabad-380015, |
|
Date of Birth/Age : |
10.11.1965 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
02.02.1987 |
|
PAN No.: |
ACLPM5340A |
|
DIN No.: |
01637552 |
|
|
|
|
Name : |
Mr. Vasudevbhai Keshavlal Mistry |
|
Designation : |
Whole Time Director |
|
Address : |
14, Pushpadhanvan Bungalows, Opposite Taxsheela Flats, Vastrapur,
Ahmedabad-380015, |
|
Date of Birth/Age : |
03.10.1939 |
|
Qualification : |
Diploma |
|
Date of Appointment : |
30.09.2003 |
|
PAN No.: |
AKNPM5307R |
|
DIN No.: |
01376968 |
|
|
|
|
Name : |
Mr. Nilaykumar Harshadbhai Parikh |
|
Designation : |
Whole Time Director |
|
Address : |
2-11, Akash Apartment, Javahar Chowk, Maninagar, Ahmedabad-380008,
Gujarat, India |
|
Date of Birth/Age : |
18.01.1969 |
|
Date of Appointment : |
02.08.2012 |
|
DIN No.: |
01941137 |
|
|
|
|
Name : |
Mr. Dilip Digambar Pundlik |
|
Designation : |
Whole Time Director |
|
Address : |
Flat No.5, Shree Dhanalaxmi Society, Senapati Bapat Road, Pune-411016,
Maharashtra, India |
|
Date of Birth/Age : |
14.05.1948 |
|
Date of Appointment : |
02.08.2012 |
|
DIN No.: |
02595500 |
|
|
|
|
Name : |
Mr. Sandeep Chhaganbhai Jolapara |
|
Designation : |
Whole Time Director |
|
Address : |
B-20, Axardhara Flat, P-1, Satellite Road, Ahmedabad-380015, Gujarat,
India |
|
Date of Birth/Age : |
12.02.1975 |
|
Date of Appointment : |
02.08.2012 |
|
DIN No.: |
05265271 |
KEY EXECUTIVES
|
Name : |
Mr. Loknath |
|
Designation : |
Export Import Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Samit Mistry |
654750 |
|
Unmesh Mistry |
669900 |
|
Nitin C Thakkar |
150000 |
|
Vasudev Keshavlal Mistry |
235600 |
|
Surekhaben Mistry |
211100 |
|
Trupti Mistry |
387150 |
|
Hita Mistry |
228000 |
|
Samir Vasudev Mistry HUF |
400600 |
|
Unmesh Vasudev HUF |
17100 |
|
Vasudev Keshavlal Mistry HUF |
180800 |
|
Supernova Systems Private Limited, India |
465000 |
|
TOTAL
|
3600000 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
12.92 |
|
Directors or relatives of Directors |
82.91 |
|
Other top fifty shareholders |
4.17 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Diesel Generators Sets. |
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Products : |
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GENERAL INFORMATION
|
Customers : |
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No. of Employees : |
100 [Approximately] |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institution : |
Sundaram Finance Limited, No.21, Patullos Road, Chennai-600002,
Tamilnadu, India |
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Auditors : |
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|
Name : |
Talati and Talati Chartered Accountant |
|
Address : |
Ambica Chambers, Near Old High Court, Navrangpura, Ahmedabad-380009, |
|
Tel. No.: |
91-79-27544571 / 72 |
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Fax No.: |
91-79-27542233 / 30084575 |
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PAN No.: |
AAAFT4520A |
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|
|
|
Related Parties : |
Supernova
Systems Private Limited CIN No.:- U31110GJ1989PTC012833 Autonova Motors
Private Limited CIN No.:- U50100GJ2005PTC045283 Nixynova Motoren
Private Limited CIN No.:- U50100GJ2008PTC053617 |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5250000 |
Equity Shares |
Rs.10/- each |
Rs. 52.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3600000 |
Equity Shares |
Rs.10/- each |
Rs. 36.000
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 |
|
36.000 |
36.000 |
|
(b) Reserves & Surplus |
|
204.686 |
193.134 |
|
(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) |
|
240.686 |
229.134 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
31.769 |
24.551 |
|
(b) Deferred tax liabilities (Net) |
|
18.024 |
19.010 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
2.033 |
1.467 |
|
Total Non-current
Liabilities (3) |
|
51.826 |
45.028 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
200.536 |
90.296 |
|
(b) Trade
payables |
|
202.322 |
246.508 |
|
(c) Other
current liabilities |
|
36.300 |
57.111 |
|
(d) Short-term
provisions |
|
1.678 |
1.401 |
|
Total Current
Liabilities (4) |
|
440.836 |
395.316 |
|
|
|
|
|
|
TOTAL |
|
733.348 |
669.478 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
161.910 |
177.894 |
|
(ii)
Intangible Assets |
|
0.907 |
1.174 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.166 |
0.166 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
10.504 |
13.886 |
|
(e) Other
Non-current assets |
|
0.082 |
0.096 |
|
Total Non-Current
Assets |
|
173.569 |
193.216 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
130.945 |
85.392 |
|
(c) Trade
receivables |
|
201.359 |
177.802 |
|
(d) Cash
and cash equivalents |
|
199.954 |
183.864 |
|
(e)
Short-term loans and advances |
|
26.369 |
27.766 |
|
(f) Other
current assets |
|
1.152 |
1.438 |
|
Total
Current Assets |
|
559.779 |
476.262 |
|
|
|
|
|
|
TOTAL |
|
733.348 |
669.478 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
36.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
190.403 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
226.403 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
108.515 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
108.515 |
|
|
DEFERRED TAX LIABILITIES |
|
|
14.844 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
349.762 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
198.714 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.166 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
181.234
|
|
|
Sundry Debtors |
|
|
212.830
|
|
|
Cash & Bank Balances |
|
|
321.097
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
131.898
|
|
Total
Current Assets |
|
|
847.059 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
490.011
|
|
|
Other Current Liabilities |
|
|
57.461
|
|
|
Provisions |
|
|
148.705
|
|
Total
Current Liabilities |
|
|
696.177 |
|
|
Net Current Assets |
|
|
150.882
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
349.762 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
803.386 |
1040.134 |
2132.585 |
|
|
|
Other Income |
17.356 |
26.818 |
44.928 |
|
|
|
TOTAL (A) |
820.742 |
1066.952 |
2177.513 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
629.722 |
862.176 |
|
|
|
|
Employee benefit expense |
28.120 |
26.665 |
|
|
|
|
Other expenses |
102.191 |
119.364 |
|
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
(0.245) |
14.121 |
|
|
|
|
TOTAL (B) |
759.788 |
1022.326 |
2036.103 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
60.954 |
44.626 |
141.410 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
28.942 |
17.410 |
5.775 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
32.012 |
27.216 |
135.635 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
17.469 |
18.509 |
13.289 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
14.543 |
8.707 |
122.346 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.991 |
5.976 |
41.587 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
11.552 |
2.731 |
80.759 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
121.135 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed dividend declared |
NA |
NA |
33.611 |
|
|
|
Corporate dividend tax |
NA |
NA |
5.582 |
|
|
|
Transfer to general reserves |
NA |
NA |
8.076 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
154.625 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
2.348 |
8.316 |
37.279 |
|
|
TOTAL EARNINGS |
2.348 |
8.316 |
37.279 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Components & Spares |
408.563 |
346.368 |
280.297 |
|
|
|
Capital Goods |
0.000 |
0.000 |
13.400 |
|
|
TOTAL IMPORTS |
408.563 |
346.368 |
293.697 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
3.21 |
0.76 |
24.03 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.41
|
0.26 |
3.71
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.81
|
0.84 |
5.74
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.98
|
1.30 |
11.70
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
0.04 |
0.54
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.97
|
0.50 |
0.48
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.27
|
1.20 |
1.22
|
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 |
Yes |
|
19] |
Payments terms |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Short Term
Borrowings |
|
|
|
Foreign Currency Term Loans from Banks |
125.452 |
44.963 |
|
|
|
|
|
TOTAL |
125.452 |
44.963 |
CURRENT MATURITIES
OF LONG TERM DEBT
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Current maturities of long-term debt |
3.311 |
12.345 |
NA |
|
|
|
|
|
|
TOTAL |
3.311 |
12.345 |
NA |
VIEW INDEX OF
CHARGES
|
S.
No. |
Charge
ID |
Date
of Charge Creation/Modification |
Charge
amount secured |
Charge
Holder |
Address
|
Service
Request Number (SRN) |
|
|
1 |
10320533
|
08/11/2011
|
3,500,000.00
|
BANK
OF INDIA |
AHMEDABAD MID CORPORATE BRANCH,
1ST FLOOR, BOI BUILDING, SWASTIK CHAR RASTA, C. G. ROAD, AHMEDABAD, GUJARAT -
380009, INDIA |
B26569897
|
|
|
2 |
10197867
|
21/12/2009
|
20,500,000.00
|
BANK
OF INDIA |
AHMEDABAD CORPORATE BANKING BRANCH,
2ND FLOOR, BANK OF INDIA BUILDING, BHADRA, AHMEDABAD, GUJARAT- 380001, INDIA |
A77628733
|
|
|
3 |
10194966
|
21/12/2009
|
22,000,000.00
|
BANK
OF INDIA |
AHMEDABAD CORPORATE BANKING BRANCH,
2ND FLOOR, BANK OF INDIA BUILDING, BHADRA, AHMEDABAD, GUJARAT- 380001, INDIA |
A76627728
|
|
|
4 |
90112928
|
23/01/2010
* |
768,850,000.00
|
DEVELOPMENT
CREDIT BANK LIMITED |
"PRERNA ARCADE", GROUND
FLOOR, OPPOSITE DOCTOR HOUSE, NEAR PARIMAL GARDEN, C.G.ROAD, AHMEDABAD,
GUJARAT- 380006, INDIA |
A77547909
|
|
|
5 |
90111795
|
29/03/2013
* |
520,000,000.00
|
DEVELOPMENT
CREDIT BANK LIMITED |
"PRERNA ACADE", GROUND
FLOOR, OPPOSITE DOCTOR HOUSE, NEAR PARIMAL GARDEN, C. G. ROAD, AHMEDABAD,
GUJARAT |
B74232901
|
|
|
* Date of charge modification |
|
||||||
FINANCIAL RESULTS
AND OPERATIONAL REVIEW
During the year, the
Company has earned a profit before tax of Rs. 14.543 Millions after providing
Rs. 17.469 Millions for depreciation and Rs. 28.942 Millions for financial
expenses. The Company has also made provision of Rs. 2.991 Millions for Income
tax expenditure after considering Mat Credit Entitlement, short provision of
Income tax, excess provision of deferred tax. After taking into accounts the
previous year profits of Rs. 157.356 Millions, the total profit carried to
balance sheet stands at Rs. 168.908 Millions.
During the year,
the Company has earned total income of Rs. 892.421 Millions from sale of
products and service income. The Company has also received Rs. 24.136 Millions
from other sources. The Company also received Rs.6.780 Millions from other
operating revenues.
FIXED ASSETS
- Freehold Land
- Factory
Building
- Office
Building
- Plant and
Machinery
- Electric
Installation
- Office
Equipments
- Furniture and
Fixtures
- Computer
- Air Condition
- Wind Mill
- 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 records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
regisered 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. 59.82 |
|
|
1 |
Rs. 91.75 |
|
Euro |
1 |
Rs. 79.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
DPT |
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 |
5 |
|
--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 |
|
45 |
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.