|
Report Date : |
07.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
KAZSTROYSERVICE INFRASTRUCTURE INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Swastik Chambers, 6th Floor, Sion Trombay Road, Chembur,
Mumbai – 400071, Maharashtra |
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Country : |
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|
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
19.07.2007 |
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Com. Reg. No.: |
11-234297 |
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|
|
Capital Investment
/ Paid-up Capital : |
Rs.306.185 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45400MH2007PTC234297 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCK1183C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of the company is to provide
Construction Management and Advisory Service and to execute turnkey projects. |
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|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD6500000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of JSC OGCC Kazstroyservices, Almaty. It is an established company having a moderate track record. There appear
huge external borrowings recorded by the company. The profitability of the
company appears to be low. However, trade relations are reported as fair.
Business is active. Payments are reported to be Slow but correct. The company can be considered normal for business dealings with some
cautions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed legislative
work. India's medium-term growth outlook is positive due to a young population
and corresponding low dependency ratio, healthy savings and investment rates,
and increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating: BB |
|
Rating Explanation |
Moderate risk of default |
|
Date |
21.01.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating: A4+ |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
21.01.2013 |
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
|
Name : |
Mr. Neeraj Kumar |
|
Designation : |
Company Secretary |
|
Contact No.: |
91-124-4566800 |
|
Date : |
07.03.2013 |
LOCATIONS
|
Registered Office : |
Swastik Chambers, 6th Floor, Sion Trombay Road, Chembur,
Mumbai – 400071, Maharashtra, India |
|
Tel. No.: |
91-22-40856400 |
|
Fax No.: |
91-22-67973509 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Head Office : |
248 B Dostyk ave, 050020, Almaty, |
|
|
|
|
Corporate Office : |
Vatika Towers, A-Wing 1st Floor, Sector 54, Gurgaon – 122022, Haryana,
India |
|
Tel. No.: |
91-124-4566800 |
|
Fax No.: |
91-124-4566866 |
DIRECTORS
(AS ON 21.09.2012)
|
Name : |
Mr. Devendra Kumar |
|
Designation : |
Managing Director |
|
Address : |
A-32, Arihant Vihar, Kankhal, Hardwar – 249403, Uttarkhand, India |
|
Date of Birth/Age : |
20.07.1971 |
|
Date of Appointment : |
18.04.2012 |
|
DIN No.: |
02266188 |
|
PAN No.: |
AEAPK9109G |
|
|
|
|
Name : |
Mr. Hemant Kumar Sinha |
|
Designation : |
Director |
|
Address : |
E-54, Malviya Nagar, |
|
Date of Birth/Age : |
17.06.1959 |
|
Date of Appointment : |
06.07.2011 |
|
DIN No.: |
02495828 |
|
PAN No.: |
AORPS6681L |
|
|
|
|
Name : |
Mr. Naresh Kumar Maheshwari |
|
Designation : |
Director |
|
Address : |
H No-C 413, |
|
Date of Birth/Age : |
17.01.1958 |
|
Date of Appointment : |
01.03.2011 |
|
DIN No.: |
03450685 |
|
PAN No.: |
AFFPM9021B |
KEY EXECUTIVES
|
Name : |
Mr. Rajiv Ranjan |
|
Designation : |
Company Secretary |
|
Address : |
12/136 DSGQ, Dev Nagar, Karol Bagh, |
|
Date of Birth/Age : |
05.01.1980 |
|
Date of Appointment : |
01.04.2008 |
|
PAN No.: |
AKSPR8245E |
|
|
|
|
Name : |
Mr. Neeraj Kumar |
|
Designation : |
Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 21.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
JSC OGCC |
|
30618499 |
|
Pankaj Jain |
|
1 |
|
|
|
|
|
Total |
|
30618500 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of the company is to provide
Construction Management and Advisory Service and to execute turnkey projects. |
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Products : |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Corporate |
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No. of Employees : |
200 (Approximately) |
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Bankers : |
·
ING Vysya Bank Limited Narian Manzil, Ground Floor Shop No. G1 To G5, I Floor , Shop No.1001
To 1007, Barakhamba Road, New Delhi – 110001, Delhi, India Contact No.: 91-11-66119000 ·
Axis Bank ·
HDFC Bank ·
ICICI Bank ·
State Bank of Hyderabad ·
State Bank of India ·
State Bank of Patiala ·
Central Bank of India ·
Punjab National Bank |
|||||||||||||||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
S. R. Batliboi and Associates Chartered Accountants |
|
Address : |
Golf View Corporate Tower-B, Sector 42, |
|
Tel. No.: |
91-124-4644000 |
|
Fax No.: |
91-124-4644050 |
|
PAN No.: |
AABFS3421N |
|
|
|
|
Holding Company : |
JSC OGCC KazStroyService, Kazakhstan (P.O. in India) |
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|
|
|
Joint Ventures : |
VALECHA Engineering Limited, India CIN No.: L74210MH1977PLC019535 |
|
|
|
|
Associates : |
Bhubaneshwar Expressways Private Limited CIN No.: U45200DL2010PTC205121 |
|
|
|
|
Fellow
Subsidiary company: |
·
Petron Civil Engineering Private Limited, India CIN No.: U28920MH1980PTC023537 ·
Petron Engineering Construction Limited, India CIN No.:L45202MH1976PLC019135 ·
Kazstroy Engineering India Private Limited, India CIN No.: U29199DL2006PTC145088 · KazStroyService Management Pte. Limited, Singapore |
CAPITAL STRUCTURE
(AS ON 21.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35000000 |
Equity Shares |
Rs.10/- each |
Rs.350.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30618500 |
Equity Shares |
Rs.10/- each |
Rs.306.185
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
306.185 |
306.185 |
300.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1328.620 |
1225.324 |
853.239 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1634.805 |
1531.509 |
1153.339 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
4111.199 |
1887.324 |
1695.966 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
4111.199 |
1887.324 |
1695.966 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
5746.004 |
3418.833 |
2849.305 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1414.285 |
1054.224 |
1146.773 |
|
|
Capital work-in-progress |
13.087 |
59.514 |
1.395 |
|
|
|
|
|
|
|
|
INVESTMENT |
268.762 |
0.114 |
0.000 |
|
|
DEFERREX TAX ASSETS |
125.198 |
43.859 |
1.094 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
39.447
|
41.934
|
45.239 |
|
|
Sundry Debtors |
1049.117
|
552.488
|
500.476 |
|
|
Cash & Bank Balances |
102.010
|
91.731
|
535.404 |
|
|
Other Current Assets |
5015.848
|
2429.446
|
1245.043 |
|
|
Loans & Advances |
1562.973
|
1565.849
|
599.025 |
|
Total
Current Assets |
7769.395
|
4681.448
|
2925.187 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
2545.539
|
1634.836
|
1045.858 |
|
|
Other Current Liabilities |
1288.868
|
761.317
|
157.939 |
|
|
Provisions |
10.316
|
24.173
|
21.347 |
|
Total
Current Liabilities |
3844.723
|
2420.326
|
1225.144 |
|
|
Net Current Assets |
3924.672
|
2261.122
|
1700.043 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
5746.004 |
3418.833 |
2849.305 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL (A) |
12204.880 |
6701.340 |
6661.350 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
11113.660 |
5821.340 |
5562.160 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1091.220 |
880.000 |
1099.190 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
597.020 |
347.780 |
243.370 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
494.200 |
532.220 |
855.820 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
341.650 |
242.780 |
208.630 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
152.550 |
289.440 |
647.190 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
49.250 |
97.330 |
221.580 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
103.300 |
192.110 |
425.610 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods and spares |
644.850 |
637.680 |
574.598 |
|
|
TOTAL IMPORTS |
644.850 |
637.680 |
574.598 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.37 |
6.38 |
14.18 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.85
|
2.87 |
6.39 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.66
|
5.05 |
15.89 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.19 |
0.56 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.51
|
1.23 |
1.47 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.02
|
1.93 |
2.39 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
|
|
|
|
|
Sundry Creditors |
2545.539
|
1634.836
|
1045.858 |
|
|
|
|
|
|
Total |
2545.539
|
1634.836
|
1045.858 |
|
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 |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
NOTE
The Registered office of the company has been shifted from, 6, Jain Bhawan, 12, Bhagat Singh Marg, New Delhi – 110001, India, to the present address.
BUSINESS AND PERFORMANCE
REVIEW
During the
financial year 2011-2012, being the period, the company’s total revenue has
increased to Rs.12204.880 Millions. From Rs.6701.340 Millions in the previous
year (higher by 82.13%). There is a decline in profit before tax from Rs.289.450.000
Millions to Rs.152.550 Millions due to tight margin in the projects under
execution.
The company is
having an order book of Rs.14936.100 Millions as on 31.03.2012.
In this financial year
as well, the company is relentlessly bidding upcoming projects and the
directors are hopeful of bright prospects of business in the near future.
BUSINESS OUTLOOK:
The infrastructure
sector was one of the thrust areas in the Union Budget 2012-13, as Finance
Minister Mr. Pranab Mukherjee announced a slew of proposals, including allowing
financial institutions to raise about Rs.600000.000 Millions (US$ 12 billion)
from tax-free bonds and envisaging a greater private participation. According
to the Finance Minister, the investment in the sector during the Twelfth
Five-Year Plan will go up to Rs. 50 lakh crore (US$ 997.3 billion), about half
of which is expected from the private sector. Further, to attract private
investment, more sectors like irrigation, oil and gas storage facilities and
telecommunication have been made eligible for viability gap funding under the
scheme 'Support to PPP in Infrastructure'. The allocation to the highways
sector has also been enhanced by 14 per cent to Rs.253600.000 Millions (US$
5.06 billion) in 2012-13 and the Government has set a target of covering a
length of 8,800 km roads under National Highways Development Project (NHDP)
next fiscal.
The Planning
Commission has projected that investment in infrastructure would almost double
at US$ 1,025 billion in the Twelfth Five Year Plan (2012-17), compared to US$
514 billion in the Eleventh Plan. Of the US$ 1,025 billion, 50 percent is
expected to come from private sector, whose investment has been 36 percent in
the Eleventh Plan.
The Index of Eight
core industries-crude oil, petroleum refinery products, coal, electricity,
cement, steel, fertilizers and natural gas having a combined weight of 37.90
percent in the Index of Industrial Production (IIP) stood at 147.3 in July
2012, according to data released by the Union Ministry of Commerce and
Industry. During April-July 2012-13, the cumulative growth rate of the core
industries was 3.2 percent. The infrastructure sector accounts for 26.7 percent
of India's industrial output.
According to
investment banking company Goldman Sachs, India's infrastructure sector will
require US$ 1.7 trillion investment in the next 10-years. Further, India needs
to spend US$ 1.2 trillion by 2030 to meet the projected demand of its cities,
according to a McKinsey Global Institute Report. India is expected to require
around US$ 1 trillion worth of infrastructure investment over the next five
years
The Board of Directors sees above as strong revenue visibility in coming
future.
FORM 8
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U45400MH2007PTC234297 |
|
Name of the
company |
KazStroyService
Infrastructure India Private Limited |
|
Address of the
registered office or of the principal place of business in |
Swastik Chambers,
6th Floor, Sion Trombay Road, Chembur, Mumbai – 400071, Maharashtra, India |
|
Type of charge |
Movable property (not being pledge) |
|
Particular of
charge holder |
L & T Finance
Limited L&T House,
Ballard Estate, Mumbai – 400001, Maharashtra, India CIN No.: U65990MH1994PLC083147 Email: mca21@ltfinance.com |
|
Nature of description
of the instrument creating or modifying the charge |
Deed of
hypothecation deal no. 874512 |
|
Date of
instrument Creating the charge |
31/08/2012 |
|
Amount secured by
the charge |
Rs.12.900
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest 6.30% Flat per
annum Terms of
Repayment 47 months by
equated monthly installments Margin Rs.1.664 Millions
Extent and
Operation of the charge First and exclusive
charge by way of hypothecation as per clause nos. 2(i), 2(ii), 3, 4, 7,
8(vi), and16 vide the deed of hypothecation dated 31.08.2012. |
|
Short particulars
of the property charged |
Description:
Vogele paver supers 1800-2 Sr. No. 11822876 and Eng. no. 16AB2004 Location: Delhi |
FIXED ASSETS:
· Plant and Machinery
· Furniture and Fixture
· Office Equipment
· Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.71 |
|
|
1 |
Rs.82.79 |
|
Euro |
1 |
Rs.71.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
34 |
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.