1. Summary Information
|
Country |
|
||
|
Company Name |
SMR AUTOMOTIVE
SYSTEMS INDIA LIMITED |
Principal Name 1 |
Mr. Ashok Tandon |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Laksh Vaaman Sehgal |
|
Registration # |
55-074884 |
||
|
Street Address |
2nd
Floor, F – 7, Block B – 1, Mohan Co – operation Industrial Estate, Mathura
Road, Delhi – 110044, India |
||
|
Established Date |
22.12.1995 |
SIC Code |
-- |
|
Telephone# |
91-11-40555940 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-11-40555940 |
Business Style 2 |
--- |
|
Homepage |
-- |
Product Name 1 |
Mirrors |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.137,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings - 51.00% Bodies corporate - 49.00% |
Banking |
Citibank N.A. |
|
Public Limited Corp. |
-- |
Business Period |
18 Years |
|
IPO |
--- |
International Ins. |
- |
|
Public |
--- |
Rating |
Ba
(50) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Ultimate Holding company |
-- |
Motherson Sumi Systems Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
738,413,000 |
Current Liabilities |
542,507,000 |
|
Inventories |
191,814,000 |
Long-term Liabilities |
115,560,000 |
|
Fixed Assets |
226,113,000 |
Other Liabilities |
25,528,000 |
|
Deferred Assets |
22,041,000 |
Total Liabilities |
683,595,000 |
|
Invest& other Assets |
81,292,000 |
Retained Earnings |
439,078,000 |
|
|
|
Net Worth |
576,078,000 |
|
Total Assets |
1,259,673,000 |
Total Liab. & Equity |
1,259.673,000 |
|
Total Assets (Previous Year) |
1,031,245,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
|
|
|
Sales |
2,763,363,000 |
Net Profit |
57,303,000 |
|
Sales(Previous yr) |
2,671,830,000 |
Net Profit(Prev.yr) |
166,390,000 |
MIRA INFORM REPORT
|
Report Date : |
11.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
SMR AUTOMOTIVE SYSTEMS INDIA LIMITED |
|
|
|
|
Formerly Known
As : |
BRITAX MOTHERSIN PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2nd Floor, F – 7, Block B – 1, Mohan Co – operation
Industrial Estate, Mathura Road, Delhi – 110044 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
22.12.1995 |
|
|
|
|
Com. Reg. No.: |
55-074884 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.137.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1995PLC074884 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS25829G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCS0021D |
|
|
|
|
Legal Form : |
A Closely held public limited liability company |
|
|
|
|
Line of Business
: |
Manufacturer of mirrors for automobile sector and other automotive
components for automotive industry. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2300000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of ‘SMR Automotive Technology Holding Cyprus Limited’.
It is a well-established company having a satisfactory track record. The financial position of the company is good. There appears some dip
in the profitability of the company during 2012. However, trade relations are reported as decent. Business is active.
Payment terms are usually correct and as per commitment. The company can be considered normal 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
A1+ (Commercial Paper/ Short Term Debt Programme) |
|
Rating Explanation |
Very strong degree of safety and lowest credit risk. |
|
Date |
September 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 Office : |
2nd Floor, F – 7, Block B – 1, Mohan Co – operation
Industrial Estate, Mathura Road, Delhi – 110044, India |
|
Tel. No.: |
91-11-40555940 |
|
Fax No.: |
91-11-40555940 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
|
DIRECTORS
As on: 25.09.2012
|
Name : |
Mr. Pankaj Kumar Mital |
|
Designation : |
Director |
|
Address : |
C – 9, Sector – 50, Noida, Uttar Pradesh – 201301, |
|
Date of Birth/Age : |
15.09.1966 |
|
Date of Appointment : |
25.01.2001 |
|
DIN No.: |
00194931 |
|
|
|
|
Name : |
Mr. Ramesh Dhar |
|
Designation : |
Director |
|
Address : |
J – 43, Sector – 41, Noida, Uttar Pradesh – 201303, |
|
Date of Birth/Age : |
19.04.1952 |
|
Date of Appointment : |
05.12.2006 |
|
DIN No.: |
00085046 |
|
|
|
|
Name : |
Mr. Laksh Vaaman Sehgal |
|
Designation : |
Director |
|
Address : |
B – 300 New Friends Colony, |
|
Date of Birth/Age : |
29.11.1982 |
|
Date of Appointment : |
29.04.2009 |
|
DIN No.: |
00048584 |
|
|
|
|
Name : |
Mr. Ashok Tandon |
|
Designation : |
Director |
|
Address : |
H1A 141 DLF westend heights,
Phase – V, |
|
Date of Birth/Age : |
20.02.1951 |
|
Date of Appointment : |
29.04.2009 |
|
DIN No.: |
00032733 |
|
|
|
|
Name : |
Mr. Akihiko Yamauchi |
|
Designation : |
Director |
|
Address : |
2-21-4 Okadai, |
|
Date of Birth/Age : |
28.06.1956 |
|
Date of Appointment : |
29.09.2009 |
|
DIN No.: |
00323655 |
|
|
|
|
Name : |
Mr. Bimal Dhar |
|
Designation : |
Director |
|
Address : |
Dubai Properties, 38 – 010, 251 – MIRDIF, Dubai – 8388, United Arab
Emirates |
|
Date of Birth/Age : |
14.06.1953 |
|
Date of Appointment : |
14.02.2012 |
|
DIN No.: |
00297938 |
KEY EXECUTIVES
|
Name : |
Mr. Rajat Jain |
|
Designation : |
Manager |
|
Address : |
11 B – 67, Nehru Nagar, Ghaziabad – 201001, Uttar Pradesh, India |
|
Date of Birth/Age : |
11.02.1970 |
|
Date of Appointment : |
08.06.2012 |
|
PAN No.: |
ACBPJ8895K |
|
|
|
|
Name : |
Mr. Ashutosh Kumar Singh |
|
Designation : |
Secretary |
|
Address : |
B – 8, 238, Kendriya Vihar, Vellappanchvadi, Chennai – 600077, |
|
Date of Birth/Age : |
01.06.1968 |
|
Date of Appointment : |
28.12.2009 |
|
PAN No.: |
AOQPK1333J |
MAJOR SHAREHOLDERS
As on: 25.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Vivek Chaand Sehgal |
|
10 |
|
Motherson Sumi Systems Limited, New Delhi |
|
6712590 |
|
SMR Automotive Technology Holdings Cyprus Limited (formerly known as Samvardhana Motherson
Visiocorp Solution (Cyprus), Cyprus |
|
6987000 |
|
Geeta Soni |
|
100 |
|
Pankaj Mital |
|
100 |
|
Ashok Tandon |
|
100 |
|
Lakesh Vaaman Sehgal |
|
100 |
|
Total |
|
13700000 |
Equity Share Break up (Percentage of Total Equity)
As on: 25.09.2012
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
51.00 |
|
Bodies corporate |
49.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of mirrors for automobile sector and other automotive
components for automotive industry. |
||||||
|
|
|
||||||
|
Products : |
|
||||||
|
|
|
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
Mirrors |
Nos. |
-- |
14734067 |
6,830,564 |
|
Other Automotive components |
Nos. |
-- |
17383226 |
2,666,370 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
Citibank N.A.,
Jeevan Bharti Building, Parliament Street, New Delhi - 110001, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Building No. 8, 7th and 8th floor DLF Cyber City Gurgaon - 122002 Harayana, India |
|
PAN No.: |
AAEMP1428R |
|
|
|
|
Ultimate Holding
company : |
Motherson Sumi Systems Limited CIN No.;
L34300DL1986PLC026431 |
|
|
|
|
Fellow Subsidiary
company : |
|
|
|
|
|
Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
CIN No.: U74899DL1983PLC016995
CIN No.: U74899DL1994PLC058171
CIN No.: U67120DL1985PLC020695
CIN No.: U74900DL2004PLC131118
CIN No.: U27310DL2006PLC151361
CIN No.: U34107DL2000PLC108736
CIN No.: U51109DL2007PLC170331
CIN No.:U31909DL1987PLC029151
CIN No.:U34102DL2007PLC168779 |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13700000 |
Equity Shares |
Rs.10/- each |
Rs.137.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 (12 Months) |
31.03.2011 (12 Months) |
31.03.2010 (15 months) |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
137.000 |
137.000 |
137.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
439.078 |
381.775 |
215.385 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
576.078 |
518.775 |
352.385 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
115.560 |
9.090 |
49.873 |
|
|
2] Unsecured Loans |
0.000 |
5.548 |
127.024 |
|
|
TOTAL BORROWING |
115.560 |
14.638 |
176.897 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
691.638 |
533.413 |
529.282 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
226.113 |
206.817 |
162.545 |
|
|
Capital work-in-progress |
81.292 |
8.849 |
11.873 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
22.041 |
18.144 |
16.418 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
191.814
|
233.009
|
216.344
|
|
|
Sundry Debtors |
412.464
|
360.668
|
274.618
|
|
|
Cash & Bank Balances |
27.871
|
65.018
|
122.330
|
|
|
Other Current Assets |
33.332
|
1.633
|
4.722
|
|
|
Loans & Advances |
264.746
|
137.107
|
158.794
|
|
Total
Current Assets |
930.227
|
797.435
|
776.808
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
416.427
|
391.413
|
400.246
|
|
|
Other Current Liabilities |
126.080
|
89.107
|
18.823
|
|
|
Provisions |
25.528
|
17.312
|
19.293
|
|
Total
Current Liabilities |
568.035
|
497.832
|
438.362
|
|
|
Net Current Assets |
362.192
|
299.603
|
338.446
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
691.638 |
533.413 |
529.282 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 (12 Months) |
31.03.2011 (12 Months) |
31.03.2010 (15 months) |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2763.363 |
2671.830 |
2212.839 |
|
|
|
Other Income |
37.729 |
28.511 |
16.486 |
|
|
|
TOTAL (A) |
2801.092 |
2700.341 |
2229.325 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption Materials Changes Inventories |
-- |
1944.601 |
1566.242 |
|
|
|
Cost of materials consumed |
1813.610 |
-- |
-- |
|
|
|
Manufacturing Service Costs |
-- |
124.326 |
119.735 |
|
|
|
Purchases of stock-in-trade |
154.907 |
-- |
-- |
|
|
|
Employee Related Expense |
-- |
180.137 |
154.635 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
52.062 |
-- |
-- |
|
|
|
Administrative Selling Other Expenses |
-- |
147.273 |
127.316 |
|
|
|
Employee benefit expense |
230.149 |
-- |
-- |
|
|
|
Other expenses |
401.377 |
-- |
-- |
|
|
|
TOTAL (B) |
2652.105 |
2396.337 |
1967.928 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
148.987 |
304.004 |
261.397 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.890 |
6.874 |
10.613 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
144.097 |
297.130 |
250.784 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
56.610 |
50.234 |
51.846 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
87.487 |
246.896 |
198.938 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
30.184 |
80.506 |
76.698 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
57.303 |
166.390 |
122.240 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
379.999 |
213.609 |
91.369 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
437.303 |
379.999 |
213.609 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
205.893 |
NA |
133.946 |
|
|
TOTAL EARNINGS |
205.893 |
NA |
133.946 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
|
444.084 |
|
|
|
Capital Goods |
|
|
--- |
|
|
|
Traded Goods |
|
|
187.088 |
|
|
TOTAL IMPORTS |
NA |
NA |
631.172 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.18 |
12.15 |
8.92 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 (12 Months) |
31.03.2011 (12 Months) |
31.03.2010 (15 months) |
|
PAT / Total Income |
(%) |
2.05
|
6.16
|
5.48
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.17
|
9.24
|
8.99
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.57
|
24.59
|
21.18
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.48
|
0.56
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.20
|
0.03
|
0.50
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.64
|
1.60
|
1.77
|
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 |
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 |
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 |
Yes |
NOTE:
The Registered office address of the company
has been sifted from 43, Community Centre, New Friends Colony ,
OPERATIONALPERFORMANCE:
The net revenue of the company during the year is Rs. 2801.092 Millions as against Rs. 2700.341 Millions in the previous year The Profit before tax is Rs. 87.487 Millions as against Rs. 246.896 Millions in previous year.
BANKERS CHARGES
REPORT AS PER REGISTRY:
|
Corporate identity number of the company |
U74899DL1995PLC074884 |
|
Name of the company |
SMR AUTOMOTIVE SYSTEMS INDIA LIMITED |
|
Address of the registered office or of the
principal place of business in |
2nd Floor, F-7, Block B-1, Mohan Cooperative
Industrial Estate, Mathura Road, Delhi - 110044 India E-mail : corporate.smg@visiocorp.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge
to be modified |
80046386 |
|
Type of charge |
|
|
Particular of charge holder |
Citibank N.A., Jeevan Bharti Building,
Parliament Street, New Delhi – 110001, India E-mail : roc@sdpa.in |
|
Nature of instrument creating charge |
Deed of modification for Goods Security
Agreement. |
|
Date of instrument Creating the charge |
25.02.2012 |
|
Amount secured by the charge |
Rs.100.000 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate
of Interest: As per sanction terms and as may be
decided by the Bank and Company mutually from time to time. Terms
of Repayment: Repayable on demand. Margin: margin of 10% in respect of the goods and
10% in respect of book-debts Extent
and Operation of the charge: First pari passu charge on the present and
future stocks and book debts of the company. |
|
Short particulars of the property charged |
Present and future stocks and book debts
of the company. |
|
Date of instrument modifying the charge |
11.11.2009 |
|
Particulars of the present modification |
By this modification the overall limit is
enhanced from Rs. 63.500 Millions to Rs.
100.000 Millions. Facilities will be as follows: Fund based and Non fund based facilities
aggregating Rs. 100.000 Millions |
FIXED ASSETS:
- Land
- Building
- Leasehold
Lands
- Plant and
Machinery
- Furniture and
Fixtures
- Motor Vehicle
- Office
Equipments
- Computer
Software’s
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.54.54 |
|
|
1 |
Rs.84.19 |
|
Euro |
1 |
Rs.71.11 |
INFORMATION DETAILS
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.