MIRA
INFORM REPORT
|
Report Date : |
20.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
WILSON ENGINEERING INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
Block 7/B, 24, Park Street, Anju Chamber, 7th Floor,
Kolkata-700016, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
20.07.2004 |
|
|
|
|
Com. Reg. No.: |
21-099164 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 46.971 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74210WB2004PTC099164 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer of Road Construction
Equipment and Spares |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 420000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having a moderate track record. The
profit margin of the company seems to be low. However, Networth of the company seems to be strong. 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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: BB - |
|
Rating Explanation |
Having moderate risk of default regarding timely servicing of
financial obligation. |
|
Date |
February 2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Samudra Gupta |
|
Designation : |
Marketing Manager |
|
Contact No.: |
91-9432220207 |
|
Date : |
20.06.2013 |
LOCATIONS
|
Registered Office / Factory / Sales Office : |
Block 7/B, 24, Park Street, Anju Chamber, 7th Floor, Kolkata-700016,
West Bengal, India |
|
Tel. No.: |
91-33-22262960 / 22262961 / 2962 / 2963 |
|
Mobile No.: |
91-9432220207 (Mr. Samudra Gupta) |
|
Fax No.: |
91-33-22264045 |
|
E-Mail : |
|
|
Website: |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Shyam Sunder Sahay |
|
Designation : |
Managing Director |
|
Address : |
15A, Ankur Apartment, 10, Lord Sinha Road, Kolkata-700071, West
Bengal, India |
|
Date of Birth/Age : |
20.07.1937 |
|
Date of Appointment : |
20.07.2004 |
|
Voters ID No.: |
WB/23/146/093670 |
|
DIN No.: |
00490903 |
|
|
|
|
Name : |
Mr. Vikas Sahay |
|
Designation : |
Director |
|
Address : |
15A, Ankur Apartment, 10, Lord Sinha Road, Kolkata-700071, West
Bengal, India |
|
Date of Birth/Age : |
20.03.1971 |
|
Date of Appointment : |
20.07.2004 |
|
Voters ID No.: |
AJAP54967P |
|
DIN No.: |
00490974 |
|
Name : |
Mr. Olayad Surendran |
|
Designation : |
Director |
|
Address : |
152, Raja Rajendra Lall Mitra Road, Kolktata-700010, West Bengal,
India |
|
Date of Birth/Age : |
29.06.1948 |
|
Date of Appointment : |
20.07.2004 |
|
Voters ID No.: |
ALFPS6321N |
|
DIN No.: |
00491153 |
KEY EXECUTIVES
|
Name : |
Mr. Samudra Gupta |
|
Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Shyam Sunder Sahay |
|
108867 |
|
Sulekha Sahay |
|
27740 |
|
Olayad Surendran |
|
521 |
|
Vishal Sahay |
|
56563 |
|
Vikas Sahay |
|
53600 |
|
Shyam Sunder Sahay |
|
74420 |
|
Camino Trade and Investment Private Limited, India |
|
118000 |
|
Raj Vanijya Private Limited, India |
|
30000 |
|
|
|
|
|
Total |
|
469711 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
31.51 |
|
Directors or relatives of Directors |
68.49 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Road
Construction Equipment and Spares |
|
|
|
|
Product: |
· Asphalt Drum Mix Plant · Static Road Roller · Vibratory Roller · Mechanical Paver Finisher · Vibratory Plate Compactor · Wet Mix Macadam Plant ·
Bitumen Sprayer. |
|
|
|
|
Selling : |
Cash and Credit |
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|
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|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
200 (Approximately) |
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|||||||||||||||||||||
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Bankers : |
·
Uco Bank, Kolkata Main Branch, 10, B.T.M. Sarani
(Brabourne Road), Kolkata-700001, West Bengal, India ·
Allahabad Bank, Park Street Branch, 57, Park Street,
Kolkata – 700016, West Bengal, India ·
Kotak Mahindra Bank Limited |
|||||||||||||||||||||
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Facilities : |
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Banking
Relations : |
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Auditors 1 : |
|
|
Name : |
Gora and Company Chartered Accountants |
|
Address : |
8/2, Kiran Shankar Roy Road, 2nd Floor, Room No. 2 and 3,
Kolkata – 700001, West Bengal, India |
|
Tel. No.: |
91-33-24925053 |
|
Mobile No.: |
91-9093650221 |
|
E-Mail : |
|
|
PAN No.: |
AHOPM1687J |
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|
|
|
Auditors 2 : |
|
|
Name : |
Sarkar Mitra and Mitra Chartered Accountants |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
469711 |
Equity Shares |
Rs.10/- each |
Rs. 46.971
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 |
|
46.971 |
27.471 |
|
(b) Reserves & Surplus |
|
57.800 |
54.894 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
19.500 |
|
|
|
|
|
|
(3) Non-current
liabilities |
|
|
|
|
(a) long-term borrowings |
|
103.466 |
113.087 |
|
(b) Deferred tax liabilities (Net) |
|
1.433 |
0.756 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
4.879 |
3.755 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term borrowings |
|
7.153 |
6.091 |
|
(b) Trade payables |
|
172.322 |
109.578 |
|
(c) Other current
liabilities |
|
4.610 |
2.414 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
TOTAL |
|
398.634 |
337.546 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
92.116 |
100.224 |
|
(ii) Intangible Assets |
|
0.120 |
0.120 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
5.558 |
5.756 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
25.247 |
24.921 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
128.876 |
102.225 |
|
(c) Trade receivables |
|
117.592 |
87.183 |
|
(d) Cash and cash equivalents |
|
13.022 |
3.405 |
|
(e) Short-term loans and
advances |
|
13.627 |
10.410 |
|
(f) Other current assets |
|
2.476 |
3.302 |
|
TOTAL |
|
398.634 |
337.546 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
27.471 |
|
|
2] Share Application Money |
|
|
10.500 |
|
|
3] Reserves & Surplus |
|
|
52.827 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
90.798 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
137.372 |
|
|
2] Unsecured Loans |
|
|
17.195 |
|
|
TOTAL BORROWING |
|
|
154.567 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.756 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
246.121 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
97.826 |
|
|
Capital work-in-progress |
|
|
4.127 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
2.285 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
109.637 |
|
|
Sundry Debtors |
|
|
77.775 |
|
|
Cash & Bank Balances |
|
|
36.820 |
|
|
Other Current Assets |
|
|
0.463 |
|
|
Loans & Advances |
|
|
19.361 |
|
Total
Current Assets |
|
|
244.056 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
84.004 |
|
|
Other Current Liabilities |
|
|
10.947 |
|
|
Provisions |
|
|
7.222 |
|
Total
Current Liabilities |
|
|
102.173 |
|
|
Net Current Assets |
|
|
141.883 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
246.121 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
468.788 |
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
468.788 |
446.417 |
445.233 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
438.423 |
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
438.423 |
420.334 |
421.873 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
30.365 |
26.083 |
23.360 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
15.328 |
11.479 |
8.573 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
15.037 |
14.604 |
14.787 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
10.329 |
10.859 |
7.333 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
4.708 |
3.745 |
7.454 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.125 |
0.972 |
1.151 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3.583 |
2.773 |
6.303 |
|
|
|
|
|
|
|
|
|
Less |
Earlier year taxes written off |
0.000 |
0.705 |
(0.027) |
|
|
|
|
|
|
|
|
|
Less |
Provision for Deferred Tax |
0.678 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
24.096 |
22.028 |
15.699 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
27.001 |
24.096 |
22.029 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN EXCHANGE |
14.396 |
8.626 |
1.476 |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
58.623 |
56.292 |
63.431 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.63 |
10.09 |
22.94 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.76
|
0.62
|
1.42 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.20
|
1.13
|
2.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
0.04 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.06
|
1.17 |
2.84 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.50
|
1.75 |
2.39 |
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 |
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
NOTE
Registered office has been shifted from 13, Abdul Ahmid Street,
Kolkata-700069, West Bengal, India to the present address w.e.f.07.06.2007
OPERATIONAL
RESULTS:
The total turnover
of the Company for the year achieved an increase by Rs 22.371 Millions
over the last year in spite of slow down of industrial growth rate, mounting of
inflationary pressure, and affect of breakdown of European economy etc. The
Profit before tax has increased to Rs 0.962 Millions during the year due to up gradation of
technology and reduction in cost.
CONTINGENT
LIABILITY NOT PROVIDED FOR:
Against bank guarantees for Rs. 36.227 Millions
UNSECURED LOAN
|
PARTICULARS |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
From Bodies Corporate |
18.318 |
18.377 |
|
Total |
18.318 |
18.377 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Advance from Customers |
7.153 |
6.091 |
|
Total |
7.153 |
6.091 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity
number of the company |
U74210WB2004PTC099164 |
|
Name of the
company |
WILSON
ENGINEERING INDUSTRIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Block 7/B, 24, Park Street, Anju Chamber, 7th Floor,
Kolkata-700016, West Bengal Email: info@wilson.co.in |
|
This form is for |
Modification of charge |
|
Charge identification
(ID) number of the charge to be modified |
10048669 |
|
Type of charge |
·
Immovable
property ·
Any interest in
immovable property ·
Book debts ·
Movable
property (not being pledge) ·
Floating charge ·
Movable Plant
and Machinery Etc. |
|
Particular of charge
holder |
CIN: U74210WB2004PTC099164 Allahabad Bank, Park Street Branch, 57, Park Street, Kolkata – 700016,
West Bengal, India |
|
Nature of
instrument creating charge |
(1) General
letter of hypothecation. (2) Supplemental
letters of mortgagor confirming deposit of title deeds. |
|
Date of
instrument Creating the charge |
28.08.2012 |
|
Amount secured by
the charge |
Rs.249.200
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest @ 3.50% p.a. over
Allahabad Bank's base rate which is at present 10.50% p.a. subject to change
by the bank from time to time. Terms of
Repayment Repayable on
demand. Extent and
Operation of the charge Exclusive first
charge in favour of Allahabad Bank, Park Street Branch, 57, Park Street,
Kolkata-700016. Others The hypothecated
and mortgaged assets shall be insured against loss or damage under bank
clause. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
entire stocks of raw materials, wip, finished goods such as road roller, drum
mix plant, hot mixed plant etc. Stores and spares which now or hereafter from
time to time during ... Contd. This security
stored or to be stored at the borrower's factory premises and godowns
situated at (1) Patliputra industrial
estate, Patna, Bihar, (2) Sidcul Industrial Park, Uttarakhand,....Contd. Hypothecation of
all tangible plant and machinery fixture, fittings, other installations,
furniture, computers and other accessories etc. both present and future
located at the said premises situated at
....contd (1) Patliputra
Industrial Estate, Patna, Bihar, (2) Sidcul Industrial Park, Uttarakhand, (3)
Sandhipur, Howrah, West Bengal, and (4) Bultikuri Industrial Area, Howrah,
West Bengal or wherever else. Equitable
mortgage of leasehold land together with building and structures situated at
pataliputra industrial estate, patna, bihar (details under schedule 'b' of
suppl. Letter of mortgagor) Equitable
mortgage of leasehold land together with building and structures situated at
Plot No D-11b, Sidcul, Industrial Park, Uttarakhand (details under schedule
'b' of suppl. letter of mortgagor) Equitable
mortgage of land together with building and structures situated at Sandhipur,
P.S. Sankrail, P.O. Dhulaguri, Howrah, West Bengal (details under schedule
'b' of suppl. Letter of mortgagor) Equitable
mortgage of leasehold land together with building and structures situated at
Baltikuri Industrial Area, P.S. Jagacha, Howrah, West Bengal (details under
schedule 'b' of suppl. Letter of mortgagor) Equitable
mortgage of office premises admeasuring 1200 sq.ft. Situated at 13, Abdul
Hamid Street, Kolkata-700069 West Bengal (details under schedule 'b' of
suppl. Letter of mortgagor) |
|
Date of
instrument modifying the charge |
30.03.2009 |
|
Particulars of
the present modification |
By this modification
the overall credit facilities has been enhanced from Rs. 245.000 Millions to
Rs. 249.200 Millions All other terms, conditions and assets charged and
mortgaged as security remain unaltered. |
FIXED ASSETS
·
Goodwill
·
Land and Site Development
·
Building
·
Factory Shed
·
Plant and Machinery
·
Electrical Installation
·
Furniture and Fittings
·
Motor Car
·
Scooter
·
Office Equipments
·
Office Renovation
·
Jigs and Fixture
·
Dies and Mould and
Patterns
·
Measuring Instrument
·
Computer
·
Tools and Implements
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.58.74 |
|
|
1 |
Rs.91.99 |
|
Euro |
1 |
Rs.78.70 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYN |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
NO |
|
--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 |
|
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.