|
Report Date : |
12.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
WELLKNOWN POLYESTERS LIMITED |
|
|
|
|
Registered
Office : |
14th Floor, “B” Wing, Nirmal, 241/242, Backbay Reclamation,
Nariman Point, Mumbai – 400 021, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
23.10.1996 |
|
|
|
|
Com. Reg. No.: |
11-103477 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.204.720
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17114MH1996PLC103477 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACW1018K |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Texturised and Polyester Yarns. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 31000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of Wellknown Group. It is the biggest manufacturer
of Air Textured yarn in It is an established and reputed company having satisfactory track record.
Fundament seems healthy and strong. Financially company performance appears
to be good. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be usually correct and as per commitment. The company can be considered for normal business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
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
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from January
1 next year, said Rural Development Minister Jairam Ramesh. The Act replaces a
119 year old registration. The Securities and Exchange Board of India has
approved the trading of currency futures on the Bombay Stock Exchange. The
exchange plans to launch the currency futures platform with advanced trading
technology by the end of November.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term (Suspended) |
|
Date |
10.07.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term (Suspended) |
|
Date |
10.07.2013 |
Reason for Suspension: The suspension of rating
is on account of non-cooperation by Wellknown Polyesters limited.
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/ Corporate Office : |
14th Floor, “B” Wing, Nirmal, 241/242, Backbay Reclamation,
Nariman Point, Mumbai – 400 021, Maharashtra, India |
|
Tel. No.: |
91-22-22070054/ 66207000 |
|
Fax No.: |
91-22-22070054/ 66207050 |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
|
|
|
|
Factory: |
Plot No.178, 185, Dabhel Industrial Co-operative Society
Limited, Nani Daman, Daman – 396 210, |
|
E-Mail : |
|
|
|
|
|
Branch Office 1 : |
D/423 International Trade Centre, Majura Gate, |
|
Tel No.: |
91-261-3255945 |
|
Fax No.: |
91-261-3927155 |
|
|
|
|
Branch Office 2 : |
145C, Dr. Viegas Street, 4th Floor, Kalbadevi Road, Mumbai - 400002,
Maharashtra, India |
DIRECTORS
As on: 28.09.2012
|
Name : |
Mr. Anil Madanlal Gupta |
|
Designation : |
Managing Director |
|
Address : |
9/41, |
|
Date of Birth/Age : |
01.09.1964 |
|
Date of Appointment : |
01.04.2012 |
|
DIN No.: |
01376458 |
|
|
|
|
Name : |
Mr. Ashok Madanlal Gupta |
|
Designation : |
Whole Time Director |
|
Address : |
2/7, |
|
Date of Birth/Age : |
30.09.1959 |
|
Date of Appointment : |
01.10.2010 |
|
DIN No.: |
01510569 |
|
|
|
|
Name : |
Mrs. Latadevi Madanlal Gupta |
|
Designation : |
Director |
|
Address : |
9/41, |
|
Date of Birth/Age : |
12.01.1939 |
|
Date of Appointment : |
29.09.2009 |
|
DIN No.: |
02489852 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 28.09.2012
|
Names of Equity Shareholders |
No. of Shares |
|
Anil Kumar Gupta |
2407419 |
|
Charulata Gupta |
1121157 |
|
Madanlal Gupta, Karta Madanlal Gupta- HUF |
38860 |
|
Ashok Kumar Gupta Karta Ashok Kumar Gupta HUF |
37607 |
|
Anil Gupta, Karta Anil Gupta HUF |
123776 |
|
Latadevi Gupta |
542 |
|
Rahul A. Gupta, NG Anil Gupta |
1288560 |
|
Saakshi A. Gupta Ng. Ashok Kumar Gupta |
21310 |
|
Wellknown Hitech Projects Private Limited, |
53049 |
|
Wellknown Technologies Private Limited, India |
1205208 |
|
Wellknown Textiles Industries
Private Limited, |
5913907 |
|
Total
|
12211395 |
|
Names of Preference Shareholders |
No. of Shares |
|
Anil Gupta |
1377 |
|
Charulata Gupta |
245 |
|
Madanlal Gupta, Karta Madanlal Gupta, HUF |
269 |
|
Ashok Gupta, Karta Ashok Gupta HUF |
103 |
|
Anil Gupta, Karta Anil Gupta, HUF |
60 |
|
Rahul A. Gupta NG Anil Gupta |
633 |
|
Saakshi A. Gupta NG Anil Gupta |
435 |
|
Wellknown Technologies Private Limited, India |
167939 |
|
Wellknown Textile Industries Private Limited, India |
255000 |
|
Total
|
426061 |
As on: 31.03.2013
|
Names of Allottees (Preference Shares) |
No. of Shares |
|
Ashtavinayak Agrofarms Private Limited, India |
200000 |
|
Total |
200000 |
As on: 01.02.2013
|
Names of Allottees (Preference Shares) |
No. of Shares |
|
Wellknown Textile Industries Private Limited, India |
100000 |
|
Wellknown Technologies Private Limited, India |
100000 |
|
Total |
200000 |
Equity Share Break up (Percentage of Total Equity)
As on: 28.09.2012
|
Category |
Percentage |
|
Bodies corporate |
58.73 |
|
Directors or relatives of Directors |
41.27 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Texturised and Polyester Yarns. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
·
Union Bank of India Industrial Finance
Branch,Union Bank Bhavan, 239,Vidhan Bhavan Marg,Nariman Point, Mumbai -
400021, Maharashtra, India ·
Commonwealth Bank of Australia Mumbai Branch Hoechst House, Level 2 Nariman Point, Mumbai
- 400021, Maharashtra, India ·
Andhra Bank 18, Homi Modi Street, Nanavati
Mahalaya, Fort, Mumbai - 400021, Maharashtra, India ·
Axis Bank Limited Corporate Banking Branch, Axis
House, Bombay Dyieng Mills Compound, P B Marg, Worli, Mumbai - 400025, Maharashtra,
India ·
Indian Overseas Bank Nariman Point Branch,
'Bakhtawar', Nariman Point, Mumbai - 400021, Maharashtra, India ·
State Bank of India IFB, Natraj Building, 102,
1st Floor, 194, Sir M V Road Western Express Highway, Andheri (East), Mumbai
- 400069, Maharashtra, India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mittal and Associates Chartered Accountants |
|
Address : |
471/B Astral Centre, N.M. Joshi Marg, Chinchpokli West, Mumbai,
Maharashtra, India |
|
PAN No.: |
AAAFM9559Q |
|
|
|
|
Memberships : |
|
|
|
|
|
Subsidiary company : |
· Wellknown Synthetics Private Limited CIN No.: U17110MH1997PTC110093 · Wellknown Technologies Private Limited CIN No.: U80220MH2005PTC154131 |
|
|
|
|
Associated Concerns : |
· Wellknown Textile Industries Private Limited · Wellknown Chemicals Private Limited · Wellknown Hitech Projects Private Limited (Formerly known as Wellknown Financial Securities Private Limited). · Wellknown Technologies Private Limited · Wellknown Housing Development Private Limited · Wellknown Logistics Private Limited · Wellknown Landmark Ventures Private Limited · Wellknown Infratech Private Limited · Wellknown Properties Private Limited. · Gupta Villa Limited · Ashtavinayak Agrofarms Private Limited |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12500000 |
Equity Shares |
Rs.10/- each |
Rs.125.000 Millions |
|
1250000 |
Preference Shares |
Rs.100/- each |
Rs.125.000 Millions |
|
|
Total |
|
Rs.250.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12211395 |
Equity Shares |
Rs.10/- each |
Rs.122.114
Millions |
|
826061 |
Preference Shares |
Rs.100/- each |
Rs.82.606
Millions |
|
|
Total |
|
Rs.204.720 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
204.720 |
184.720 |
144.945 |
|
(b) Reserves & Surplus |
7699.111 |
5344.611 |
3266.277 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
7903.831 |
5529.331 |
3411.222 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
12062.562 |
4115.899 |
4235.781 |
|
(b) Deferred tax liabilities (Net) |
1203.257 |
790.401 |
697.565 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
11.631 |
|
(d) long-term provisions |
9.957 |
8.641 |
7.991 |
|
Total Non-current Liabilities (3) |
13275.776 |
4914.941 |
4952.968 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2621.123 |
3280.855 |
1117.107 |
|
(b) Trade payables |
2591.883 |
1539.563 |
1766.200 |
|
(c) Other current
liabilities |
1858.073 |
1493.860 |
998.084 |
|
(d) Short-term provisions |
151.371 |
130.937 |
113.757 |
|
Total Current Liabilities (4) |
7222.450 |
6445.215 |
3995.148 |
|
|
|
|
|
|
TOTAL |
28402.057 |
16889.487 |
12359.338 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
17459.389 |
7685.966 |
6989.568 |
|
(ii) Intangible Assets |
10.993 |
10.188 |
2.947 |
|
(iii) Capital
work-in-progress |
464.847 |
1311.962 |
140.597 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2.699 |
191.303 |
193.303 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
331.714 |
192.355 |
159.830 |
|
(e) Other Non-current assets |
577.730 |
317.032 |
318.219 |
|
Total Non-Current Assets |
18847.372 |
9708.806 |
7804.464 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
191.245 |
0.000 |
0.000 |
|
(b) Inventories |
4287.338 |
2649.211 |
1908.902 |
|
(c) Trade receivables |
1541.409 |
561.536 |
707.895 |
|
(d) Cash and cash
equivalents |
2010.129 |
3026.740 |
1287.468 |
|
(e) Short-term loans and
advances |
25.939 |
129.589 |
0.277 |
|
(f) Other current assets |
1498.625 |
813.605 |
650.332 |
|
Total Current Assets |
9554.685 |
7180.681 |
4554.874 |
|
|
|
|
|
|
TOTAL |
28402.057 |
16889.487 |
12359.338 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
18834.452 |
15771.515 |
13256.095 |
|
|
|
Other Income |
355.711 |
231.804 |
143.635 |
|
|
|
TOTAL (A) |
19190.163 |
16003.319 |
13399.730 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
14370.215 |
12384.480 |
9541.991 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
-884.976 |
(814.227) |
(337.627) |
|
|
|
Employee benefit expense |
264.472 |
220.729 |
244.434 |
|
|
|
Other expenses |
2695.501 |
1932.952 |
1754.068 |
|
|
|
Exceptional items before tax |
0.000 |
0.001 |
0.314 |
|
|
|
TOTAL (B) |
16445.212 |
13723.935 |
11203.180 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2744.951 |
2279.384 |
2196.550 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
485.217 |
431.659 |
387.205 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2259.734 |
1847.725 |
1809.345 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
480.351 |
372.953 |
345.636 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1779.383 |
1474.772 |
1463.709 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
421.035 |
339.591 |
394.301 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1358.348 |
1135.181 |
1069.408 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.000 |
0.000 |
1794.442 |
|
|
TOTAL EARNINGS |
0.000 |
0.000 |
1794.442 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
NA |
NA |
51.780 |
|
|
|
RM / Stores |
NA |
NA |
3769.371 |
|
|
TOTAL IMPORTS |
NA |
NA |
3821.151 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
108.35 |
90.96 |
85.83 |
|
|
|
Diluted |
81.25 |
77.33 |
74.66 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
7.08
|
7.09
|
7.98
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.45
|
9.35
|
11.02
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.37
|
9.59 |
11.88
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23
|
0.27 |
0.43
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.86
|
1.34 |
1.76
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.32
|
1.11 |
2.10
|
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 of the company has been shifted from 46, Swadeshi
Market, First Floor, Kalbadevi Road, Mumbai – 400 002, Maharashtra, India to
the present address w.e.f. 02.04.2007.
FIXED ASSETS:
· Land Freehold
· Building
· Plant and Machinery
· Motor Vehicle
· Office Equipment
· Furniture and Fixtures
· Computers
· Computer Software
· Trade Mark
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10458104 |
10/10/2013 |
1,050,000,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH,UNION BANK BHAVAN, 239, |
B88726138 |
|
2 |
10457018 |
09/10/2013 |
200,000,000.00 |
COMMONWEALTH BANK OF AUSTRALIA |
MUMBAI BRANCH HOECHST HOUSE, LEVEL 2 NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
B88247325 |
|
3 |
10432400 |
18/05/2013 |
500,000,000.00 |
ANDHRA BANK |
18, HOMI MODI STREET, NANAVATI MAHALAYA, FORT, MUMBAI, Maharashtra - 400021, INDIA |
B77648004 |
|
4 |
10429740 |
11/05/2013 |
600,000,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING BRANCH, AXIS HOUSE, BOMBAY DYI |
B76584945 |
|
5 |
10420050 |
23/03/2013 |
780,000,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH,UNION BANK BHAVAN, 239, |
B73284937 |
|
6 |
10419528 |
21/03/2013 |
1,000,000,000.00 |
STATE BANK OF INDIA |
IFB, Natraj Building, 102, 1st Floor, 194,, Sir M |
B73116147 |
|
7 |
10407746 |
27/02/2013 |
996,900,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING BRANCH, AXIS HOUSE,, BOMBAY DYI |
B69511764 |
|
8 |
10395688 |
30/11/2012 |
1,400,000,000.00 |
Indian Overseas Bank |
NARIMAN POINT BRANCH, BHAKTAWAR , NARIMAN POINT, |
B65392797 |
|
9 |
10365857 |
05/02/2013 * |
340,000,000.00 |
BANK OF INDIA |
ANDHERI LARGE CORPORATE BRANCH , MDI BUILDING, 2 |
B68761253 |
|
10 |
10334665 |
08/02/2012 |
3,045,996,275.00 |
LANDESBANK BADEN-WURTTEMBERG |
Am Hauptbahnhof 2, 70173 Stuttgart, Federal Republic of Germany, STUTTGART, - NA, GERMANY |
B31722473 |
* Date of charge modification
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.63.30 |
|
|
1 |
Rs.101.36 |
|
Euro |
1 |
Rs.84.60 |
INFORMATION DETAILS
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
52 |
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.