1. Summary Information
|
Country |
India |
||
|
Company Name |
DYMOS LEAR
AUTOMOTIVE INDIA PRIVATE LIMITED |
Principal Name 1 |
Kim Jang Sik |
|
Status |
Good |
Principal Name 2 |
Dennis Choon Hwee Chia |
|
Registration # |
18-065380 |
||
|
Street Address |
Plot No. A6 and
A7, Sipcot Industrial Park, Irrungattukotai, Sriperumbudur Taluk, Chennai -
602105, Tamilnadu |
||
|
Established Date |
14.11.2007 |
SIC Code |
-- |
|
Telephone# |
91-44-37172221 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-44-37172299 |
Business Style 2 |
Supplier |
|
Homepage |
Product Name 1 |
Automotive Seating |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.157,592,720/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign Holdings –
100.00% |
Banking |
Not Available |
|
Public Limited Corp. |
NO |
Business Period |
6 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba
(54) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding
Company |
-- |
Hyundai Dymos Inc. |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,603,338,000 |
Current Liabilities |
1,536,595,000 |
|
Inventories |
247,654,000 |
Long-term Liabilities |
34,789,000 |
|
Fixed Assets |
928,214,000 |
Other Liabilities |
249,153,000 |
|
Deferred Assets |
36,832,000 |
Total Liabilities |
1,820,537,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
837,908,000 |
|
|
|
Net Worth |
995,501,000 |
|
Total Assets |
2,816,038,000 |
Total Liab. & Equity |
2,816,038,000 |
|
Total Assets (Previous Year) |
2,685,277,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
7,658,075,000 |
Net Profit |
197,793,000 |
|
Sales(Previous yr) |
6,994,007,000 |
Net Profit(Prev.yr) |
230,867,000 |
MIRA INFORM REPORT
|
Report Date : |
23.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
DYMOS LEAR AUTOMOTIVE INDIA PRIVATE LIMITED (w.e.f. 13.06.2010) |
|
|
|
|
Formerly Known
As : |
DYMOS INDIA AUTOMOTIVE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. A6 and A7, Sipcot Industrial Park, Irrungattukotai,
Sriperumbudur Taluk, Chennai - 602105, Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
14.11.2007 |
|
|
|
|
Com. Reg. No.: |
18-065380 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.157.593 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U35900TN2007PTC065380 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCD7225K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Supplier of Automotive Seating |
|
|
|
|
No. of Employees
: |
Not Available |
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 4000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having a fine track record. The
financial position of the company appears to be sound and healthy. Directors
are well experienced and knowledgeable businessmen. 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.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 |
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 Office / Plant 1 : |
Plot No. A6 and A7, Sipcot Industrial Park, Irrungattukotai,
Sriperumbudur Taluk, Chennai - 602105, Tamilnadu, India |
|
Tel. No.: |
91-44-37172221 / 37172200 |
|
Fax No.: |
91-44-37172299 / 47100050 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
Land : 33,138 Sq. m Building: 18,189 Sq. m |
|
|
|
|
Plant 2 : |
No. 6, Papparambakkam Village, Thiruvallur, Chennai –
602025, Tamilnadu,
India |
|
Tel. No.: |
91-44-37271116 |
|
Fax No.: |
91-44-37172299 |
|
Area : |
Land: 42,491 Sq. m Building: 9,804 Sq. m |
DIRECTORS
As on 29.09.2012
|
Name : |
Kim Jang Sik |
|
Designation : |
Director |
|
Address : |
107-1001, Dangjeongmaeul Lg Apartment, Dangjeong-Dong, 973-1, Gunpo-Si, Gyeonggi Do, 435831, Republic of Korea |
|
Date of Birth/Age : |
18.09.1956 |
|
Date of Appointment : |
14.11.2007 |
|
DIN No.: |
01862034 |
|
|
|
|
Name : |
Dennis Choon Hwee Chia |
|
Designation : |
Director |
|
Address : |
900, Dunearn Road , #08-20 , Blossomvale, Singapore, 589473, Singapore |
|
Date of Appointment : |
27.08.2009 |
|
DIN No.: |
02266591 |
|
|
|
|
Name : |
Minsoo Sin |
|
Designation : |
Director |
|
Address : |
1, Garak Uchang Apt 2-102,164 (36/4) Ogeum-Dong Songpa-Gu, Seoul Metropolitan, 138860, Republic of Korea |
|
Date of Appointment : |
27.08.2009 |
|
DIN No.: |
02291276 |
|
|
|
|
Name : |
Moon Sowoon |
|
Designation : |
Director |
|
Address : |
Flat C, First Floor, New No 32, Old No 27, ABM Apartment, ABM Avenue, R.A Puram, Chennai - 600028, Tamilnadu, India |
|
Date of Appointment : |
13.01.2011 |
|
DIN No.: |
03425245 |
|
|
|
|
Name : |
Taehwan Choi |
|
Designation : |
Director |
|
Address : |
304/2105, 59th Street 7, Highpartk 2-Ro, Iisanseo-Gu, Go Yang-Si, Gyeonggi-Do, Republic of Korea |
|
Date of Appointment : |
25.05.2012 |
|
DIN No.: |
05230203 |
|
|
|
|
Name : |
Jongho Kim |
|
Designation : |
Managing Director |
|
Address : |
Grayshoot, Bishop Garden Extn, Krishnapuri, R. A. Puram, Chennai - 600028, Tamilnadu, India |
|
Date of Appointment : |
24.04.2012 |
|
DIN No.: |
05297967 |
KEY EXECUTIVES
|
Name : |
Mr. Krishnan Narayanan |
|
Designation : |
Secretary |
|
Address : |
Flat 2A, Srivatsam, Old No 43, New No 2, R. K. Naga, 2nd Cross Street, R. A. Puram, Chennai – 600028, Tamilnadu, India |
|
Date of Appointment : |
10/12/2010 |
|
PAN No.: |
AADPN3213D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Jongho Kim |
|
1 |
|
Taehwan Choi |
|
5515745 |
|
Minsoo Sin |
|
10243526 |
|
Total |
|
15759272 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
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 : |
Manufacturer and Supplier of Automotive Seating |
GENERAL INFORMATION
|
Customers : |
|
||||||||||||
|
|
|
||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
(Rs.
In Millions)
Note: Buyer's Credit is repayable within 4 to 6 months from the date of inception and carries interest rate between 2.40% to 2.60% per annum. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B S R and Company Chartered Accountants |
|
Address : |
Maruthi Info Tech Centre, 11-12/1, Inner Ring Road,
Koramangala, Bangalore – 560071, Karnataka, India |
|
PAN No.: |
AAIFB7355D |
|
|
|
|
Holding Company : |
|
|
|
|
|
Fellow Subsidiaries
: |
CIN No.: U50300TN2005PLC056533
CIN No.: U29309TN1996PLC035377
CIN No.: U27104TN2006PTC060275
CIN No.: U74900TN2006PTC058975
CIN No.: U72300TN2006PTC060752
CIN No.: U34300TN2010PTC074749
|
|
|
|
|
Related Parties : |
CIN No.: U34300PN1996PTC134085 |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs.300.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15759272 |
Equity Shares |
Rs.10/- each |
Rs.157.593
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 |
157.593 |
157.593 |
157.593 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
837.908 |
997.499 |
766.632 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
995.501 |
1155.092 |
924.225 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
34.789 |
0.000 |
211.601 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
34.789 |
0.000 |
211.601 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
6.195 |
|
|
|
|
|
|
|
|
TOTAL |
1030.290 |
1155.092 |
1142.021 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
928.214 |
1055.730 |
1214.887 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
36.832 |
6.180 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
247.654
|
213.011 |
240.821 |
|
|
Sundry Debtors |
977.628
|
812.603 |
940.158 |
|
|
Cash & Bank Balances |
440.256
|
239.386 |
126.513 |
|
|
Other Current Assets |
36.693
|
3.182 |
0.000 |
|
|
Loans & Advances |
148.761
|
355.185 |
231.155 |
|
Total
Current Assets |
1850.992
|
1623.367 |
1538.647 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1469.549
|
1263.039 |
149.422 |
|
|
Other Current Liabilities |
67.046
|
233.790 |
1441.802 |
|
|
Provisions |
249.153
|
33.356 |
20.289 |
|
Total
Current Liabilities |
1785.748
|
1530.185 |
1611.513 |
|
|
Net Current Assets |
65.244
|
93.182 |
(72.866) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1030.290 |
1155.092 |
1142.021 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
7658.075 |
6994.007 |
7528.726 |
|
|
|
Other Income |
73.242 |
37.405 |
116.189 |
|
|
|
TOTAL (A) |
7731.317 |
7031.412 |
7644.915 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
7192.226 |
6443.933 |
6975.409 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
539.091 |
587.479 |
669.506 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
5.227 |
4.137 |
48.369 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
533.864 |
583.342 |
621.137 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
218.222 |
208.224 |
204.895 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
315.642 |
375.118 |
416.242 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
117.849 |
144.251 |
158.423 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
197.793 |
230.867 |
257.819 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
912.609 |
681.742 |
558.167 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
19.779 |
0.000 |
NA |
|
|
|
Interim Dividend with Tax |
174.334 |
0.000 |
NA |
|
|
|
Final Dividend with Tax |
183.050 |
0.000 |
NA |
|
|
BALANCE CARRIED
TO THE B/S |
733.239 |
912.609 |
815.986 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
29.240 |
NA |
NA |
|
|
TOTAL EARNINGS |
29.240 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
NA |
635.661 |
|
|
|
Capital Goods |
NA |
NA |
79.906 |
|
|
TOTAL IMPORTS |
NA |
NA |
715.567 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
12.55 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.56 |
3.28 |
3.37 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.12 |
5.36 |
5.53 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.36 |
14.00 |
15.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32 |
0.32 |
0.45 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.03 |
0.00 |
0.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.04 |
1.06 |
0.95 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
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 |
Yes |
|
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 |
No |
|
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 |
NOTE:
The registered office
address of the company has been shifted from “19, Luz Church Road, Opposite
Kamadhenu Theatre, Mylapore, Chennai – 600004, Tamilnadu, India” to the present
address w.e.f. 21.07.2010.
FUTURE OUTLOOK
The prospects of the Company look very bright for the years ahead. The company has order for new car model seating systems from Hyundai Motor India Limited, like MDI and BA. In the light of improved market conditions due to problem in Maruti, the company expects to attain business synergies and attain a better position in the market. The company have investment plan in plant and machinery for above new models around Rs.88.700 Millions out of which actual investment was made during the year 2011-12 Rs.6.000 Millions.
Further, sales was improved by 10% over last year due to increase in HMI Export Models and sales volume was increased by 5 % compare to last year sales volume. The profit was declined due to foreign currency fluctuations and increase in material cost over the previous year.
FIXED ASSETS:
- Land and Buildings
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Office Equipment
- Computer Equipments
- Computer Software
WEBSITE DETAILS
MILESTONES
|
Founding Phase |
June 1998 |
Incorporation of Hanil Lear India Private Limited |
|
September 1998 |
Santro SOP to HMI |
|
|
October 1998 |
Accent SOP to HMI |
|
|
August 2001 |
Sonata SOP to HMI |
|
|
|
|
|
|
Growth Phase |
October 2003 |
GroundBreaking Ist Seat Plant at SIPCOT |
|
December 2003 |
ISO/TS 16949-2002 Certified by M/s DNV |
|
|
March 2004 |
Elantra SOP to HMI |
|
|
April 2004 |
Completion of Ist Seat Plant |
|
|
July 2004 |
Getz SOP to HMI |
|
|
January 2005 |
ISO 14001:2004 Certified by M/s DNV |
|
|
June 2005 |
100 PPM Certified by HMI |
|
|
June 2006 |
Ground Breaking 2nd Seat Plant |
|
|
July 2006 |
Verna SOP to HMI |
|
|
July 2006 |
OHSAS 18001:1999 Certified by M/s DNV |
|
|
August 2007 |
Completion of 2nd Seat Plant |
|
|
October 2007 |
i-10 SOP to HMI |
|
|
November 2007 |
Incorporation of Dymos India Automotive |
|
|
|
|
|
|
Takeoff Phase |
July 2008 |
Management Change to DYMOS |
|
October 2008 |
i-20 SOP to HMI |
|
|
October 2008 |
SOP of Dymos Foam Pad Plant |
|
|
March 2010 |
SOP of Indian Navy warship Seat |
|
|
June 2010 |
High court approval for Amalgamation of Hanil Lear India with Dymos India Automotive |
|
|
July 2010 |
Company Name Changed to Dymos Lear Automotive India |
|
|
December 2010 |
ISO/TS 16949-2009 Certified by M/s DNV |
|
|
April 2011 |
Fluidic Verna SOP to HMI |
|
|
June 2011 |
Santa-fe SOP to HMI |
|
|
August 2011 |
Dozer SOP to BEML |
|
|
September 2011 |
EON SOP to HMI |
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.54.34 |
|
|
1 |
Rs.82.56 |
|
Euro |
1 |
Rs.70.10 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
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.