MIRA INFORM REPORT
|
Report Date : |
28.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
ELMACH PACKAGES (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
410, Hill View Industrial Estate, Off. L.B.S. Marg,
Ghatkopar (West), Mumbai – 400086, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
07.12.1988 |
|
|
|
|
Com. Reg. No.: |
11-049939 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.936 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28129MH1988PTC049939 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM19852A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACEO940Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of blister packing machines and
LOBE pumps. |
|
|
|
|
No. of Employees
: |
148 (Approximately) [In Factory: 85 + In Office: 63] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 439000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
There appears slight dip in the profitability during the current year
recorded by the company. However, general financial position appears to be strong. Performance
capacity appears to be high. Trade relations are reported to be fair.
Business is active. Payments are reported to be regular and as per
commitments. 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.
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 |
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.
LOCATIONS
|
Registered/ Administrative Office : |
410, Hill View Industrial Estate, Off. L.B.S. Marg, Ghatkopar
(West), Mumbai – 400086, Maharashtra, India |
|
Tel. No.: |
91-22-25008071 /
7217 / 25006658/ 25006046 / 66432702/ 3 |
|
Fax No.: |
91-22-25008910 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
B/1 EL, Shree Rajlaxmi
Textile and Industrial Park, Near Chavindra Ocroi, Pogaon, Bhowandi Dist Thane
– 421302, Maharashtra, India |
|
Tel. No.: |
91-2522-304250/ 1/ 2/ 3/
4/ 5/ 6/ 7 |
|
Fax No.: |
91-2522-340258 |
|
|
|
|
SALES AND SERVICE : |
|
|
Ahmedabad Office : |
Prasad Palace, 74, Nehru
Park, Vastrapur, Ahmedabad – 380015,
Gujarat, India |
|
Tel. No.: |
91-79-26603939/ 26468033 |
|
|
|
|
|
No. 907, 9th Floor, Brigade Towers, 135, Brigade Road,
Bangalore – 560025, Karnataka, India |
|
Tel. No.: |
91-80-22236218 / 2236219 |
|
|
|
|
|
ED-55, Tagore Garden, New Delhi – 110027, India |
|
Tel. No.: |
91-11-25460255 |
|
Fax No.: |
91-11-25462134 |
|
|
|
|
Chennai Office : |
Block D, Basement Floor, Baid Mehta Complex, 183, Mount Road,
Saidapet, Chennai – 600015, Tamilnadu, India |
|
Tel. No.: |
91-44-22200005 / 6 |
|
Fax No.: |
91-44-22355657 |
|
|
|
|
|
401, Everest Block, (C Wing), Aditya Enclave, Opposite Sarathi Studio,
Ameerpet, Hyderabad – 500038, Andhra Pradesh, India |
|
Tel. No.: |
91-40-23745098 / 23736535 |
|
|
|
|
Kolkata Office : |
C/O Overceas Computer and Business Center, Office No. 206, 63, Rafi Ahmed Kidwai Road,
Kolkata- 700016, West Bengal, India |
|
Tel. No.: |
91-33-30229576 |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Sukumaran Puthiyapurayil |
|
Designation : |
Director |
|
Address : |
Flat 401, 4th Floor, Plot No. 349, Silvanto Central Avenue
Road, Near OLPS Church, Chembur, Mumbai – 400071, Maharashtra, India |
|
Date of Birth/Age : |
17.01.1943 |
|
Date of Appointment : |
07.12.1988 |
|
DIN No.: |
00846698 |
|
|
|
|
Name : |
Mrs. Sulochana Sukumaran |
|
Designation : |
Director |
|
Address : |
Flat 401, 4th Floor, Plot No. 349, Silvanto Central Avenue Road,
Near OLPS Church, Chembur, Mumbai – 400071, Maharashtra, India |
|
Date of Birth/Age : |
28.03.1948 |
|
Date of Appointment : |
07.12.1988 |
|
DIN No.: |
00995936 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sukumaran Puthiyapurayil |
|
11600 |
|
Sulochana Sukumaran |
|
7720 |
|
Premrajan K.K. |
|
20 |
|
Sudish Sukumaran |
|
20 |
|
Total |
|
19360 |
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of blister packing machines and
LOBE pumps. |
||||||||||
|
|
|
||||||||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Blister pack machines |
N.A. |
N.A. |
136 |
|
Machine Change Parts/ Spares |
N.A. |
N.A. |
14003 Nos, 480
Sets, 1476 Nos Sp, 39 Sets Sp, 50 Mtrs, 1 Lot, 5.5 Kg, 250 gm |
GENERAL INFORMATION
|
No. of Employees : |
148 (Approximately) [In Factory: 85 + In Office: 63] |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
Canara Bank, Fort Market Branch, Padhyan House, Ferre Road, Mumbai –
400039, Maharashtra, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
Note: (i) Rate of
Interest Charged by P.P. Sukumaran is @ 11.75% p.a. on outstanding amount. (ii) Rate of Interest Charged by Elmach Engg. Company is @ 12% p.a. on
outstanding amount. (i) Loans from Related
Parties is Payable on demand and no personal guarantee is given by directors. (ii) Rate of Interest Charged by Sulochana Sukumaran is @ 11.75% p.a.
on outstanding amount. (iv) Loans from
Related Parties is Payable on demand and no personal guarantee is given by
directors. (v) Rate of Interest Charged by Sulochana Sukumaran is @ 11.75% p.a.
on outstanding amount. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S.R. Ghedia and Company Chartered Accountants |
|
Address : |
B/202, Labh Ashish, Old Police Qtrs Lane, Andheri (East), Mumbai –
400069, Maharashtra, India |
|
Tel. No.: |
91-22-26827755/ 56 |
|
Fax No.: |
91-22-26827755 |
|
Income-tax
PAN of auditor or auditor's firm : |
AABPG5844R |
|
|
|
|
Related Parties : |
· Pharma Machinery Company India Private Limited · Swapna Leather Works Private Limited · Elmach Engineering Company · Surabhi Engineering Works · Anil Private Limited · IGP Realtors Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs. 100/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19,360 |
Equity Shares |
Rs. 100/- each |
Rs. 1.936
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 |
|
1.936 |
1.936 |
|
(b) Reserves & Surplus |
|
107.726 |
98.868 |
|
(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) |
|
109.662 |
100.804 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
6.175 |
2.500 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
2.354 |
|
Total Non-current
Liabilities (3) |
|
6.175 |
4.854 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
3.283 |
7.632 |
|
(b) Trade
payables |
|
95.782 |
88.903 |
|
(c) Other
current liabilities |
|
25.938 |
33.422 |
|
(d) Short-term
provisions |
|
6.751 |
6.638 |
|
Total Current
Liabilities (4) |
|
131.754 |
136.595 |
|
|
|
|
|
|
TOTAL |
|
247.591 |
242.254 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
110.512 |
116.185 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
15.417 |
20.057 |
|
(c) Deferred tax assets (net) |
|
0.191 |
0.000 |
|
(d) Long-term Loan and Advances |
|
17.461 |
18.370 |
|
(e) Other
Non-current assets |
|
20.618 |
18.884 |
|
Total Non-Current
Assets |
|
164.199 |
173.496 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
48.618 |
41.921 |
|
(c) Trade
receivables |
|
37.845 |
44.919 |
|
(d) Cash
and cash equivalents |
|
(9.705) |
(25.132) |
|
(e)
Short-term loans and advances |
|
6.035 |
6.235 |
|
(f) Other
current assets |
|
0.599 |
0.815 |
|
Total
Current Assets |
|
83.392 |
68.758 |
|
|
|
|
|
|
TOTAL |
|
247.591 |
242.254 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.968 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
86.553 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
87.521 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
87.521 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
41.299 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
27.202 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
29.384 |
|
|
Sundry Debtors |
|
|
42.088 |
|
|
Cash & Bank Balances |
|
|
(8.454) |
|
|
Other Current Assets |
|
|
38.500 |
|
|
Loans & Advances |
|
|
37.016 |
|
Total
Current Assets |
|
|
138.534 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
66.600 |
|
|
Other Current Liabilities |
|
|
16.537 |
|
|
Provisions |
|
|
36.377 |
|
Total
Current Liabilities |
|
|
119.514 |
|
|
Net Current Assets |
|
|
19.020 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
87.521 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operation (Gross) |
341.327 |
328.163 |
289.327 |
|
|
|
Other Income |
13.029 |
11.429 |
N.A. |
|
|
|
TOTAL (A) |
354.356 |
339.592 |
N.A. |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
175.891 |
175.601 |
|
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
(4.850) |
(6.625) |
|
|
|
|
Employee benefits expense |
49.174 |
43.461 |
|
|
|
|
Manufacturing Expenses |
60.568 |
60.153 |
|
|
|
|
Sales, Administrative and Other expenses |
39.568 |
34.861 |
|
|
|
|
TOTAL (B) |
320.351 |
307.451 |
N.A. |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
34.005 |
32.141 |
31.578 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.190 |
1.280 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
31.815 |
30.861 |
31.578 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
17.868 |
11.862 |
6.002 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
13.947 |
18.999 |
25.576 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5.089 |
5.716 |
8.784 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
8.858 |
13.283 |
16.792 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods on FOB basis |
63.060 |
33.332 |
28.807 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
2.996 |
3.548 |
4.367 |
|
|
|
Capital Goods |
0.000 |
3.679 |
0.000 |
|
|
TOTAL IMPORTS |
2.996 |
7.227 |
4.367 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
457.56 |
686.09 |
1734.71 |
|
%20PRIVATE%20LIMITED%20-%20226924%2028-Jun-2013_files/image001.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.50
|
3.91 |
N.A. |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.09
|
5.79 |
8.84 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.01
|
8.55 |
14.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.19 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.09
|
0.10 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.71
|
0.69 |
1.16 |
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 |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
CORPORATE
INFORMATION
Business Activity/Operations
To Carry on
business of Manufacturing, producing, purchasing, selling, exporting, importing
and dealing in whether as commission agent or otherwise of Pharmaceutial
Packaging machines, special application machine, any other types of machines,
electrical and electrical item such as igniter. Stabiliser, transformer, EST
Emergency light and other allied items and the Engineering goods and their
spare parts components
Place(s) of business:
(a) Registered
Office and Factory Address.:
1.) 410, Hill View
Industrial Estate,Off.L.B.S.Marg,Ghatkopar (West),Mumbai-400086, Maharashtra,
India
2.) Shree Rajlaxmi
Textile Park Private Limited, Unit No. B/1, (EL), Village Pogaon, Taluka-Bhiwandi,
District-Thane-421302, Maharashtra, India
(b) Marketing
Offices:
(i) 401, Everest
Block,Aditya Enclave,Ameerpet,Hyderabad-500038, Andhra Pradesh, India
(ii) C/o Overseas
Computer and Business Center (Private) Limited, Room No.206,63 Rafi Ahmed Kidwai
Road, Kolkata-700016, West Bengal, India
(iii) 907, 9th
Floor, Brigade Tower,135 Brigade Road,Bangalore-560025, Karnataka, India
(iv) Block "D" Basement Floor,
OPERATION REVIEW:
That was an all round development in company’s performance during the
current year.
The company has achieved Sales of
Rs.341.326 Millions (Rs.328.163
Millions in Previous year) during the year and net profit of Rs.885.800
Millions (Rs. 13.283 Millions in Previous year). The Directors are
hopeful of improving the working of the company still further.
The company is also receiving enquiries from abroad and expecting
export orders of sizeable amount. During the current year Export Sales amounted to Rs. 62.274 Millions. (Rs.37.225) Millions in
previous year)
UNSECURED LOANS
|
Particulars |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
Long-term
borrowings |
|
|
|
Loans from
related Parties |
|
|
|
P.P.Sukumaran-Canara Bank |
2.519 |
2.500 |
|
Elmach Engineering Company |
3.657 |
0.000 |
|
Short-term borrowings |
|
|
|
Sulochana Sukumaran |
0.891 |
1.500 |
|
P.P.Sukumaran |
0.927 |
0.921 |
|
Sudish Sukumaran |
0.000 |
0.642 |
|
Rashmi Sudish |
0.615 |
0.469 |
|
Surabhi Engg. Works |
0.243 |
0.000 |
|
Total |
8.852 |
6.032 |
FIXED ASSETS:
Ø Land
Ø Building
Ø Plant and Machinery
Ø Office Equipments
Ø Furniture and Fixtures
Ø Computer
Ø Motor car
Ø Commercial Vehicle
Ø Motor Cycle
WEBSITE DETAILS
PROFILE:
Starting operations with blister pack machines in 1988, at Mumbai, Subject
holds a market share of over 2000 blister pack machines
installed in 100 countries worldwide. This customer data speaks volumes for the
quality and reliability of ELMACH
machines. The key element of ELMACH
machines has always been its user-friendly operation. Subject’s esteemed clients
include MNCs and pharmaceutical companies like Cipla, Dr. Reddy’s, Ipca, Lupin,
Alkem, Intas, RPG Life Sciences, Strides Arcolab, Novartis and Merck. Subject’s customers in countries like Great Britain,
Germany, United States of America, South East Asia, Holland, Africa, Latin
American countries, Brazil, Mexico and Venezuela underline its global presence.
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. 60.59 |
|
|
1 |
Rs. 92.92 |
|
Euro |
1 |
Rs. 78.94 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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 |
|
49 |
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.