MIRA
INFORM REPORT
|
Report Date : |
22.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
SUPREME NONWOVEN INDUSTRIES PRIVATE LIMITED (w.e.f. 02.01.2008) |
|
|
|
|
Formerly Known
As : |
BHILAD TEXTILE INDUSTRIES PRIVATE LIMITED |
|
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|
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Registered
Office : |
Plot No.110, 8th Floor, 16th Road, Chembur,
Mumbai – 400 071, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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|
|
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Date of
Incorporation : |
04.06.1984 |
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|
|
|
Com. Reg. No.: |
11-033072 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.5.882
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17120MH1984PTC033072 |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACB1673P |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing and Exporting of non-woven fabrics, non-woven
interlinings, non-woven filter fabrics, etc. |
|
|
|
|
No. of Employees
: |
Information declined by the Management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3484000 |
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|
|
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company having a fine track record. Financial position of the company is sound and healthy. Directors are
well-experienced and knowledgeable businessmen. It has rich client base. Trade relations are reported as decent.
Business is active. Payment terms are regular and as per commitment. The company can be considered good 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 |
CRISIL |
|
Rating |
Long Term Rating: BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
24.04.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating: A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
24.04.2013 |
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 DECLINED
Management Non-Cooperative
(Mobile No.: 91-9930262002)
(Tel. No.: 91-22-25212323)
LOCATIONS
|
Registered Office : |
Plot No.110, 8th Floor, 16th Road, Chembur,
Mumbai – 400 071, Maharashtra, India |
|
Tel. No.: |
91-22-25208822/ 25212323 |
|
Fax No.: |
91-22-25208092 |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
National Highway No.8, Bhilad, District Valsad – 396 105, Gujarat ,
India |
|
Tel. No.: |
91-260-2784169/ 4669 |
|
Fax No.: |
91-260-2784170 |
|
|
|
|
Factory 2 : |
Next to Dalwada Substation, Kadaiya Village, Airport Road, Daman – 396
210, India |
|
Tel. No.: |
91-260-2221706/ 2220943/ 2220998
|
|
Fax No.: |
91-260-2220706 |
|
|
|
|
Factory 3 : |
Plot No.83, Phase I, GIDC, Vapi – 396 195, Gujarat, India |
|
Tel. No.: |
91-260-2420441/ 3948420 |
|
Fax No.: |
91-260-2401332 |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Mohan Mahadev Kavrie |
|
Designation : |
Whole Time Director |
|
Address : |
E/25, Matru Krupa, Nandadeep Everest Colony, Sahakar Nagar, Road No.4,
Chembur, Mumbai – 400 071, Maharashtra, India |
|
Date of Birth/Age : |
24.09.1948 |
|
Date of Appointment : |
02.05.2000 |
|
DIN No.: |
00243269 |
|
PAN No.: |
AADPK5561F |
|
Voter ID No.: |
MT/07/047/0264230 |
|
|
|
|
Name : |
Mr. Amit Mohan Kavrie |
|
Designation : |
Director |
|
Address : |
E/25, Matru Krupa, Nandadeep Everest Colony, Sahakar Nagar, Road No.4,
Chembur, Mumbai – 400 071, Maharashtra, India |
|
Date of Birth/Age : |
21.08.1977 |
|
Date of Appointment : |
10.07.2006 |
|
DIN No.: |
00153017 |
|
|
|
|
Name : |
Mrs. Christine Marieluise Koegler |
|
Designation : |
Director |
|
Address : |
Wernher-Von-Braun-Str. 23, Oberkotzau, Germany |
|
Date of Birth/Age : |
06.01.1964 |
|
Date of Appointment : |
14.10.2010 |
|
DIN No.: |
03269542 |
|
|
|
|
Name : |
Dr. Harald Lothar Stini |
|
Designation : |
Director |
|
Address : |
Neue Plauensche Str 92, Plauen Ot Oderlosa, Germany |
|
Date of Birth/Age : |
29.03.1958 |
|
Date of Appointment : |
26.06.2006 |
|
DIN No.: |
02864818 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Mohan Mahadev Kavrie and Jaya Mohan
Kavrie |
|
14254 |
|
Jaya Mohan Kavrie |
|
2001 |
|
Leela Mahadev Kavrie |
|
2000 |
|
Mahadev Satnamma Naik |
|
2995 |
|
Supreme Nonwovens Private Limited, |
|
3750 |
|
Eswegee Vilesstoff GmbH, Germany |
|
28824 |
|
Amit Mohan Kavrie |
|
2500 |
|
Smita Mohan Kavrie |
|
2500 |
|
Total |
|
58824 |
AS ON 28.09.2012
|
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] |
|
49.00 |
|
Bodies
corporate |
|
6.38 |
|
Directors
or relatives of directors |
|
44.62 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Exporting of non-woven fabrics, non-woven
interlinings, non-woven filter fabrics, etc. |
||||||||||||
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|
||||||||||||
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Products : |
·
Hygiene Non Woven Fabric ·
Non Woven Carpet ·
Non Woven Fabric ·
Non Woven Filter Fabric ·
Non Woven Geotextile ·
Non Woven Interlining ·
Non Woven Shoe Lining
|
PRODUCTION STATUS (AS ON 31.03.2012)
|
Particulars |
Actual
Production |
|
Fabric |
31688066 |
|
Roofliner |
2761003 |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the Management |
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Bankers : |
·
The Shamrao Vitthal Co-operative Bank Limited, Natasha
Plaza, Plot No.913, D.K. Sandhu Marg, Chembur (East), Mumbai – 400 071,
Maharashtra, India ·
Standard Chartered Bank Limited ·
HDFC Bank Limited ·
Saraswat Co-operative Bank Limited |
|||||||||||||||||||||
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|
|||||||||||||||||||||
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Facilities : |
|
|
|
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Kalyaniwalla and Mistry Chartered Accountants |
|
Address : |
Kalpataru Heritage, 127, Mahatma Gandhi Road, Mumbai – 400 023,
Maharashtra, India |
|
PAN No.: |
AAAFK7554R |
|
|
|
|
Enterprises with substantial interest in the Company : |
Eswegee
Vlisstoff GMBH (holds 49.0% of the equity share capital of the Company) |
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|
|
|
Enterprises over which the Company’s Directors exercise significant
influence : |
·
Supreme Nonwovens Private Limited ·
Supreme Poly Fibers Private Limited ·
Supreme Treves Private Limited ·
Matru Fabrics Private Limited ·
CERA Technologies Private Limited |
CAPITAL STRUCTURE
As on 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
60000 |
Equity Shares |
Rs.100/- each |
Rs.6.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
58824 |
Equity Shares |
Rs.100/- each |
Rs.5.882
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 |
|
5.882 |
5.882 |
|
(b) Reserves & Surplus |
|
865.182 |
810.776 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
0.000 |
0.000 |
|
|
|
|
|
|
(3) Non-current liabilities |
|
|
|
|
(a) long-term borrowings |
|
243.020 |
276.547 |
|
(b) Deferred tax liabilities (Net) |
|
84.194 |
79.512 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term borrowings |
|
159.881 |
112.628 |
|
(b) Trade payables |
|
106.092 |
73.806 |
|
(c) Other current
liabilities |
|
204.197 |
224.604 |
|
(d) Short-term provisions |
|
6.727 |
29.755 |
|
TOTAL |
|
1675.176 |
1613.512 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
904.393 |
885.798 |
|
(ii) Intangible Assets |
|
3.331 |
6.795 |
|
(iii) Capital
work-in-progress |
|
67.745 |
80.553 |
|
(iv) Intangible
assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
1.048 |
1.068 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
51.258 |
47.629 |
|
(e) Other Non-current assets |
|
2.083 |
2.121 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
314.633 |
258.896 |
|
(c) Trade receivables |
|
195.694 |
186.605 |
|
(d) Cash and cash
equivalents |
|
22.171 |
19.549 |
|
(e) Short-term loans and
advances |
|
112.817 |
124.494 |
|
(f) Other current assets |
|
645.317 |
589.545 |
|
TOTAL |
|
1675.176 |
1613.512 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
5.442 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
663.361 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
668.803 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
558.727 |
|
|
2] Unsecured Loans |
|
|
2.028 |
|
|
TOTAL BORROWING |
|
|
560.755 |
|
|
DEFERRED TAX LIABILITIES |
|
|
68.484 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1298.042 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
867.835 |
|
|
Capital work-in-progress |
|
|
35.608 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
1.068 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
184.938
|
|
|
Sundry Debtors |
|
|
276.339
|
|
|
Cash & Bank Balances |
|
|
20.913
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
111.669
|
|
Total
Current Assets |
|
|
593.859 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
170.301
|
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
|
|
30.027
|
|
Total
Current Liabilities |
|
|
30.027 |
|
|
Net Current Assets |
|
|
393.531
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1298.042 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
1711.759 |
1491.523 |
|
|
|
Other Income |
|
NA |
NA |
|
|
|
TOTAL (A) |
|
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
NA |
NA |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
|
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
241.108 |
262.522 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST (D) |
|
51.698 |
48.274 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
189.410 |
214.248 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
77.570 |
72.136 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
111.840 |
142.112 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
28.842 |
39.768 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
82.998 |
102.344 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
|
200.775 |
132.955 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
|
8.300 |
10.400 |
|
|
|
Proposed Dividend |
|
0.000 |
20.757 |
|
|
|
Interim Dividend |
|
20.294 |
0.000 |
|
|
|
Tax on Dividend |
|
3.292 |
3.367 |
|
|
BALANCE CARRIED
TO THE B/S |
|
251.887 |
200.775 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
1.248 |
0.827 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
1410.95 |
1739.83 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PBT/Sales) |
(%) |
6.53 |
9.53
|
NA
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.97 |
6.70
|
NA
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.17
|
NA
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.46 |
0.47
|
0.84
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.71 |
2.67
|
2.96
|
LOCAL AGENCY FURTHER INFORMATION
|
Check
List by Info Agents |
Available
in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
No |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last two years |
Yes |
|
12) Profitability for last two years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if
applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
|
31)
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32)
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
Yes |
|
34)
External Agency Rating, if available |
Yes |
|
Unsecured Loans |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
SHORT-TERM BORROWINGS |
|
|
|
Rupee term loans from banks |
0.000 |
2.272 |
|
Total
|
0.000 |
2.272 |
Note:
The Registered office of the company has been
shifted from Centre Point, 7th Floor 18th Road, Chembur,
Mumbai – 400 071, Maharashtra, India to the present Office address with effect
from 29.11.2012
PROGRESS
The company has
achieved satisfactory production and sales during the year.
JOINT VENTURE:
The Joint Venture agreement with the German Company having expertise in
nonwoven business is progressing satisfactorily.
Bankers Charges Report
as per Registry
|
Corporate identity number of the company |
U17120MH1984PTC033072 |
|
Name of the company |
SUPREME NONWOVEN INDUSTRIES PRIVATE
LIMITED |
|
Address of the registered office or of the
principal place of business in |
Plot No.110, 8th Floor, 16th Road, Chembur,
Mumbai – 400 071, Maharashtra, India E-Mail: amit.kavrie@supremegroup.co.in |
|
This form is for |
Modification of charge |
|
Charge identification number of the
modified |
10044174 |
|
Type of charge |
Immovable Property |
|
Particular of charge holder |
The Shamrao Vitthal Co-operative Bank Limited, Natasha Plaza, Plot
No.913, D.K. Sandhu Marg, Chembur (East), Mumbai – 400 071, Maharashtra,
India E-Mail: legaldept@svcbank.com |
|
Nature of description of the instrument
creating or modifying the charge |
Recording Letter Evidencing Deposit of
Title Deeds |
|
Date of instrument Creating the charge |
13.03.2013 |
|
Amount secured by the charge |
Rs.362.741 millions |
|
Brief particulars of the principal terms
an conditions and extent and operation of the charge |
Rate of Interest: As may be decided by bank from time to
time Terms of Repayment: As may be decided by bank from time to
time Margin: As may be decided by bank from time to
time Extent and Operation of the charge: To secure the due repayment of credit
facilities aggregating Rs.362.741 millions (SVC Bank: Rs.84.267 millions,
HDFC Bank: Rs.137.224 millions and YES BANK Rs.141.250 millions), (out of
Rs.56.250 millions by Yes Bank liability to be restricted to Rs.14.400
millions (existing Rs.2.500 millions and new Rs.11.900 millions) together
with interest, costs, charges and expenses thereon, granted by the Bank to
the Company and Supreme Treves Private Limited. Others: Total Facilities: SVC Bank: TL (Existing) : Rs.84.267 millions HDFC Bank: TL (Existing) : Rs.77.000 millions and
Rs.60.224 millions YES Bank TL: Rs.85.000 millions (Existing) and
Rs.2.500 millions (Existing) and Additional 53.750 millions ------------------------------------------------ Total (all Banks):Rs.362.741 millions (out of Rs.56.250 millions by Yes Bank
liability to be restricted to Rs.14.400 millions (existing Rs.2.500 millions
and new Rs.11.900 millions ) |
|
Short particulars of the property charged |
Linkage mortgage of 24% undivided share
Land bearing Plot No.110, Suburban Scheme No. 3 "Singhavi
Apartment" at 16th Road, Chembur, Mumbai 400071 area admeas. 1247 sq.
yards equivalent to 1042.61sq.mtr Village Chembur, Tal Kurla, CTS No.980
Mumbai along with 24% undivided share in the said incomplete structure
admeas. 104.25 sq.mtrs. 3rd and 4th floors
adm.213.sq.mtrs. Linkage mortgage of 20% undivided share of
land bearing Plot No 110 Suburban Scheme No. 3 "Singhavi Apartment"
at 16th Road, chembur, Mumbai 400071 area admeas. 1247 sq. yards equivalent
to1042.61sq.m Village Chembur, Tal Kurla, CTS No.980
Mumbai along with 20% undivided share in the said incomplete structure
admeas. 104.25 sq.mtrs. 1st and 2nd floors adm.180.32 sq.mtrs owned by Mr.
Mohan Kavrie (out of Rs.56.250 millions by Yes Bank
liability to be restricted to Rs.14.400 millions (existing Rs.2.500 millions
and new Rs.11.900 millions) |
|
Date of latest modification prior to the
present modification |
22.01.2013 |
|
Particulars of the present
modification |
By this modification, the charge shall
hold good to secure additional credit facilities of Rs.53.750 millions. Hence
total facilities are Rs.362.741 millions. (being SVC Bank: TL (Existing) :
Rs.66.267 millions, HDFC Bank: TL (Existing): Rs.77.000 millions and
Rs.60.224 millions, YES Bank TL: Rs.85.000 millions (Existing) and Rs.2.500
millions Existing (additional 53.750 millions) (out of Rs.56.250 millions by
Yes Bank liability to be restricted to Rs.14.400 millions (existing Rs.2.500
millions and new 11.900 millions).Hence the charge stands modified at
Rs.320.891 millions. |
FIXED ASSETS:
·
Land
·
Residential Building
·
Office Building
·
Factory Building
·
Plant and Equipment
·
Other Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
·
Goodwill
·
Technical Knowhow
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.59.35 |
|
|
1 |
Rs.92.11 |
|
Euro |
1 |
Rs.78.59 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYN |
|
|
|
|
Report Prepared
by : |
SDA |
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 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.