MIRA INFORM REPORT
|
Report Date : |
04.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
UHDE INDIA PRIVATE LIMITED (w.e.f. 01.05.2008) |
|
|
|
|
Formerly Known
As : |
UHDE INDIA LIMITED |
|
|
|
|
Registered
Office : |
Uhde House, LBS Marg, Vikhroli (West), Mumbai – 400 083, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
30.09.2012 |
|
|
|
|
Date of
Incorporation : |
23.12.1977 |
|
|
|
|
Com. Reg. No.: |
11-020041 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.29.440
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74200MH1977PTC020041 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMU00244G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU1416H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Designing and Construction of Chemical and Fertilizer
Plants. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 7489000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an old and well established company having a fine track record.
The company has recorded better growth in its sales turnover and
profitability during the year 2012. Trade relations are reported as decent. Business is active. Payments
are reported to be regular and as per commitments. 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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
OVERDRAFT FACILITIES : CRISIL A+ |
|
Rating Explanation |
Having adequate degree of safety regarding timely servicing of
financial obligation it carry low credit risk. |
|
Date |
October, 2012 |
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/ Head Office : |
Uhde House, LBS Marg, Vikhroli (West), Mumbai – 400 083, Maharashtra, India |
|
Tel. No.: |
91-22-25968000/ 25968551/ 267968581/ 67968000 |
|
Fax No.: |
91-22-25784327/ 25780210 |
|
E-Mail : |
uhdein@vsnl.com viswanathan.s@thyssenkrupp.com |
|
Website : |
http://www.uhdeindia.com |
|
Area : |
7 Storey Building |
|
Location : |
Owned |
|
|
|
|
Factory : |
3rd Floor, Duggal Plaza, 692A/3C, Prem Nagar, Bibwewadi Road, Pune – 411 037, Maharashtra, India |
|
Tel. No.: |
91-20-66081100 |
|
Fax No.: |
91-20-66081300 |
DIRECTORS
As on 22.03.2013
|
Name : |
Dr. Michael Johannes Thieman |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
Meininghausstrasse 12, D-4600, Dortmund 1, Germany |
|
Date of Birth/Age : |
25.08.1946 |
|
Date of Appointment : |
01.10.2009 |
|
DIN No. : |
00061988 |
|
|
|
|
Name : |
Mr. Benno Hans Lueke |
|
Designation : |
Managing Director |
|
Address : |
Flat No.901 and 902, Vastu CHS, 26B, De. R.G. Thadani Marg, Worli,
Mumbai – 400 030, Maharashtra, India |
|
Date of Birth/Age : |
13.02.1952 |
|
Date of Appointment : |
01.09.2009 |
|
DIN No. : |
02634507 |
|
|
|
|
Name : |
Dr. Iddya Dayasagar |
|
Designation : |
Whole Time Director |
|
Address : |
B-401, Daffodil, Hiranandanmi Gardens, Powai, Mumbai – 400 076, Maharashtra, India |
|
Date of Birth/Age : |
09.05.1949 |
|
Date of Appointment : |
01.07.1998 |
|
DIN No. : |
00020614 |
|
|
|
|
Name : |
Mr. Prakash Sumudra Dinkar |
|
Designation : |
Whole Time Director |
|
Address : |
Flat B/2/34, Technocrat CHS, B/2, Off Veer Savarkar Road, Prabhadevi, Mumbai – 400 025, Maharashtra , India |
|
Date of Birth/Age : |
05.07.1951 |
|
Date of Appointment : |
01.07.1998 |
|
DIN No. : |
00062355 |
|
|
|
|
Name : |
Mr. Vijayan Thekke Konnanath |
|
Designation : |
Whole Time Director |
|
Address : |
B-406, Sunrise, Raheja Vihar Off Chandivli Farm Roiad, Powai, Mumbai - 400 072, Maharashtra, India |
|
Date of Birth/Age : |
10.06.1950 |
|
Date of Appointment : |
01.07.1998 |
|
DIN No. : |
00020591 |
|
|
|
|
Name : |
Mr. Raghavan Sethuraman |
|
Designation : |
Whole Time Director |
|
Address : |
10/25, Saraswat Colony, Santacruz (West), Mumbai – 400
054, |
|
Date of Birth/Age : |
19.03.1950 |
|
Date of Appointment : |
01.07.2003 |
|
DIN No. : |
00020632 |
|
|
|
|
Name : |
Mr. Dara Nadirshaw Damania |
|
Designation : |
Director |
|
Address : |
11, Abbas Road, 11, G.G. Thakar Road, Pune – 411 001, Maharashtra, India |
|
Date of Birth/Age : |
02.12.1936 |
|
Date of Appointment : |
07.06.1996 |
|
DIN No. : |
00403834 |
|
|
|
|
Name : |
Mr. Jayantilal Ranchhoddas Shah |
|
Designation : |
Director |
|
Address : |
20, CCI Chambers, Dinshaw Wachha Road, Mumbai – 400 020, Maharashtra, India |
|
Date of Birth/Age : |
16.02.1923 |
|
Date of Appointment : |
23.12.1977 |
|
DIN No. : |
00020723 |
|
|
|
|
Name : |
Thampi Trivikraman Kunjukuttan |
|
Designation : |
Director |
|
Address : |
F20, 501, Green Crest Yamuna Nagar, Andheri (West), Mumbai – 400 053, Maharashtra, India |
|
Date of Birth/Age : |
15.08.1927 |
|
Date of Appointment : |
01.01.1978 |
|
DIN No. : |
00043445 |
|
|
|
|
Name : |
Mr. Suresh Narsappa Talwar |
|
Designation : |
Alternate Director |
|
Address : |
10, Shiv Shanti Bhuvan, 146, M.K. Road, Churchgate Reclamation , Mumbai – 400 020, Maharashtra, India |
|
Date of Birth/Age : |
21.11.1937 |
|
Date of Appointment : |
16.09.2011 |
|
DIN No. : |
00001456 |
|
|
|
|
Name : |
Mr. Rajendra Ambalal Shah |
|
Designation : |
Alternate Director |
|
Address : |
Panorama, 2nd Floor, 203 Walkeshwar Road, Teenbatti, Mumbai – 400 006, Maharashtra, India |
|
Date of Birth/Age : |
07.07.1931 |
|
Date of Appointment : |
21.03.2013 |
|
DIN No. : |
00009851 |
|
|
|
|
Name : |
Mr. Bansidhar Sunderlal Mehta |
|
Designation : |
Alternate Director |
|
Address: |
37, Maheshwari Mansions, 34, Napean Sea Road, Mumbai – 400 006, Maharashtra, India |
|
Date of Birth/ Age: |
19.09.1935 |
|
Date of Appointment: |
20.06.2009 |
|
DIN No. : |
00035019 |
|
|
|
|
Name : |
Helmut Otto Knauthe |
|
Designation : |
Director |
|
Address: |
65843, Sulzbach (Taunus) Im Haindell 51 Germany 51 |
|
Date of Birth/ Age: |
18.07.1958 |
|
Date of Appointment: |
16.09.2011 |
|
DIN No. : |
03554573 |
|
|
|
|
Name : |
Andreas Zumegen |
|
Designation : |
Director |
|
Address: |
Alte Eichen 12, 45134 Essen, Germany 45134 |
|
Date of Birth/ Age: |
22.08.1964 |
|
Date of Appointment: |
21.03.2013 |
|
DIN No. : |
06526988 |
KEY EXECUTIVES
|
Name : |
Mr. Gurpur Radhakrishna Prabhu |
|
Designation : |
Company Secretary |
|
Address : |
401/6 Ajangiri, Siddachal Apartment, Phase II, 2nd
|
|
Date of Birth/Age : |
03.08.1960 |
|
Date of Appointment : |
08.03.2002 |
|
Pan No. : |
AADPP0040N |
|
|
|
|
Name : |
Mr. Naiman Elavia |
|
Designation : |
General Manager (Finance) |
|
|
|
|
Name : |
Mr. Atul Bhalerao |
|
Designation : |
Group Head (Business Development) |
|
|
|
|
Name : |
Mr. S. Viswanathan |
|
Designation : |
Head (Procurement and Estimation) |
|
|
|
|
Name : |
Ms. Sonal Singh |
|
Designation : |
Head (Personnel and Human Resources) |
|
|
|
|
Name : |
Mr. Leroy Santos |
|
Designation : |
Senior Manager (Public Relations) |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 22.03.2013
|
Names of Shareholders |
|
No. of Shares |
|
Thyssenkrupp Uhde GmbH, Germany |
|
2368000 |
|
Kingfisher Finvest I Limited, India |
|
256000 |
|
Anila Shah |
|
62500 |
|
Jayant Shah |
|
76800 |
|
Urmila Jayant Shah |
|
76800 |
|
Ranjit Jayant Shah |
|
76800 |
|
Mona Shah |
|
25600 |
|
Shefali Rajendra Shah |
|
1500 |
|
Total
|
|
2944000 |
As on 22.03.2013
|
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] |
|
80.43 |
|
Bodies
corporate |
|
8.69 |
|
Directors
or relatives of directors |
|
10.88 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Designing and Construction of Chemical and Fertilizer
Plants. |
|
|
|
|
Products/ Services : |
· Nitric Acid · Ammonia · Ammonium Nitrate · Ammonium Nitrophosphate and CAN · Urea · DAP/NPK · Phosphoric Acid · VCM · Styrene Monomer · PVC · Polystyrene · HDPE · Polypropylene · Polyols · Ethylene Oxide · Ethylene Glycol · Ethyl Benzene · Propylene Oxide · VAM · LAB · Adipic Acid · Formaldehyde · Caustic Soda · Chlorine · Caustic Potash · Membrane Cells Electrolysis Plants · Chlorine Director-Oxide · Spray Dried Silica · Bleaching Powder · Hydrogen Peroxide · Poly Aluminium Chloride · Zinc Smelting |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
·
Deutsche Bank, Nariman Point, Mumbai, ·
Union Bank of ·
State Bank of · Punjab National Bank |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse and Company Chartered Accountants |
|
Address : |
Plot No.Y-14, Block EP Sector V, Salt Lake Electronic Complex, Bidhan Nagar, Kolkata, West Bengal, India |
|
PAN No. : |
AAHFP0187A |
|
|
|
|
Holding Company (As on 30.09.2011) : |
UHDE GmbH, |
|
|
|
|
Ultimate Holding Company (As on 30.09.2011) : |
Thyssenkrupp A.G., |
|
|
|
|
Fellow Subsidiaries (As on 30.09.2011) : |
· Thyssenkrupp USA Inc. · Thyssenkrupp Engineering Pty Limited · Thyssenkrupp Materials International GmbH ·
Thyssenkrupp Elevators ( · Thyssenkrupp ECE Elevators Private Limited · Uhde Engineering Consulting (Shanghai) Company · Uhde Arabia Limited · Uhde Mexico S.A. de C.V. · Shedden Uhde Pty Limited · Thyssenkrupp PDNA Engineering (Pty) ·
Uhde Inventa Fischer GmbH ·
Thyssenkrupp Engine Components ( CIN No.: U29268MH2010PTC205326 ·
Berco Undercarraiges (India) Private Limited CIN No.: U74900AP2008PTC060646 · Rothe Erde India Private Limited CIN No.: U27109MH2006PTC161325 · Thyssenkrupp Industries India Private Limited CIN No.: U74999MH1947PTC005508 · Thyssenkrupp Electricals Steel India Private Limited CIN No.: U27100MH2000PTC127807 |
CAPITAL STRUCTURE
As on 22.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2944000 |
Equity Shares |
Rs.10/- each
|
Rs.29.440
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
30.09.2012 |
30.09.2011 |
30.09.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
29.440 |
29.440 |
29.440 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1842.845 |
1548.284 |
1190.842 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1872.285 |
1577.724 |
1220.282 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1872.285 |
1577.724 |
1220.282 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
714.903 |
778.922 |
792.583 |
|
|
Capital work-in-progress |
0.000 |
19.776 |
9.120 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
149.828 |
143.037 |
83.531 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Inventories |
|
2.929
|
7.272
|
|
|
Sundry Debtors |
|
2119.520
|
931.843
|
|
|
Cash & Bank Balances |
|
1747.211
|
2874.346
|
|
|
Other Current Assets |
|
207.521
|
150.993
|
|
|
Loans & Advances |
|
4364.728
|
1886.221
|
|
Total
Current Assets |
|
8441.909
|
5850.675
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
1497.700
|
865.885
|
|
|
Other Current Liabilities |
|
4563.528
|
3461.332
|
|
|
Provisions |
|
1744.692
|
1188.410
|
|
Total
Current Liabilities |
|
7805.920
|
5515.627
|
|
|
Net Current Assets |
1007.554
|
635.989
|
335.048
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1872.285 |
1577.724 |
1220.282 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
30.09.2012 |
30.09.2011 |
30.09.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
|
5383.560 |
|
|
|
|
Other Income |
|
NA |
|
|
|
|
TOTAL |
9312.706 |
NA |
5093.334 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
NA |
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
8672.372 |
NA |
4300.312 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
640.334 |
791.740 |
793.022 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
208.909 |
263.220 |
269.994 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
431.425 |
528.520 |
523.028 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
274.840 |
167.400 |
66.020 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
250.000 |
250.000 |
|
|
|
Interim Dividend |
NA |
0.000 |
58.880 |
|
|
|
Dividend |
NA |
147.200 |
88.320 |
|
|
|
Tax on Dividend |
NA |
23.880 |
24.450 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
274.840 |
167.398 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
NA |
792.064 |
|
|
TOTAL EARNINGS |
NA |
NA |
792.064 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
NA |
1337.275 |
|
|
|
Capital Goods |
NA |
NA |
59.827 |
|
|
TOTAL IMPORTS |
NA |
NA |
1397.102 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
146.54 |
179.52 |
177.66 |
|
KEY RATIOS
|
PARTICULARS |
|
30.09.2012 |
30.09.2011 |
30.09.2010 |
|
PAT / Total Income |
(%) |
4.63
|
NA
|
10.27
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
8.59
|
11.94
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34
|
0.50
|
0.65
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00
|
0.00
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
NA
|
1.08
|
1.06
|
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 |
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 |
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 |
No |
|
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 |
Yes |
FIXED ASSETS:
Tangible Assets:
·
Freehold Land
·
Office Building
·
Residential Flats
·
Air Conditioner
·
Furniture
·
Office Equipments
·
Computers
·
Vehicles
Intangible Assets:
·
Computer Software
PRESS RELEASES:
March 13, 2013
UHDE INDIA TO
EXPAND CAUSTIC SODA PLANT FOR NATIONAL CHLORINE INDUSTRIES (NCI) IN JORDAN…
National Chlorine
Industries Company Limited (NCI) has awarded a contract to Uhde India for
expanding their Caustic Soda – Chlorine plant at their chemical facilities in
Amman in Jordan.
The project, which
is located 40 Km south east of Amman city at Al-Mowaqqer area, close to Sahab
Industrial Estate, proposes raising the capacity of the electrolysers A and B
from 20 tpd to 54 tpd, with the possibility of enhancing the capacity to 100
tpd in future. The expansion will be done by replacing the Generation II
Membrane Cell elements with the new Generation V Membrane Cell elements. The
scope of work includes Basic and Detailed Engineering services, supply of. cell
elements and Supervision Services during cell assembly, erection, start-up and
commissioning of the plant.
The project has a
Mechanical completion date of 20 months from the effective date of the
contract.
The enhanced
output from the current project is intended for export, with a small proportion
intended to be deployed for chlorinated paraffin wax.
Uhde India, who is
amongst the preferred single-stop partner for membrane cell caustic soda
plants, offers ‘under one roof’ solutions to the caustic soda-chlorine industry
globally. Its association with NCI Jordan dates back to the early nineties when
the grassroots plant was set up for the customer.
National Chlorine
Industries, Jordan is a publicly held company formed in the
early nineties and engaged in the manufacture of Caustic Soda, Chlorine Gas,
Hydrochloric Acid, Sodium Hypochlorite, Hydrogen Gas and Chlorinated Paraffin.
Largely exportoriented, NCI Jordan’s markets cover Iraq, Syria, Egypt, Lebanon,
Saudi Arabia, Yemen and East Africa.
Uhde India Private
Limited (UIPL) is a subsidiary of ThyssenKrupp Uhde GmbH,
and operates from its offices in
Mumbai and Pune. ThyssenKrupp Uhde has a workforce of more than 5,900
employees worldwide and is a company in the Industrial Solution area of the
ThyssenKrupp Group. The company's activities focus on the engineering and
construction of chemical and other industrial plants in the following fields:
fertilisers; electrolysis; gas technologies; oil, coal, and residue
gasification; refining technologies; organic intermediates, polymers and
synthetic fibres; and also coke plant and high-pressure technologies. We also
provide our customers with professional services and comprehensive solutions in
all areas of industrial plant operation.
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.53.95 |
|
|
1 |
Rs.83.80 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
63 |
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.