|
Report Date : |
21.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
UT PUMPS AND SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Room No. 107, 1st Floor, Pratap Bhawan, 5, Bahadur Shah
Zafar Marg, New Delhi - 110002 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation
: |
28.05.1984 |
|
|
|
|
Com. Reg. No.: |
55-018081 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 36.300
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29193DL1984PTC018081 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
DELU02230E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU3648R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufactures of
Single Screw, 2-Spindle Screw, 3-Spindle Screw Pumps, High Pressure Steam Jet
Cleaning Machines, High Pressure Water Jetting Pump and Industrial Vacuum
Cleaners etc. |
|
|
|
|
No. of Employees
: |
150 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 740000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There appears drastic dip in profitability of the company during the
financial year 2013. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing with some caution. |
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) |
|
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
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.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Anil Gupta |
|
Designation : |
Deputy General Manager in Marketing |
|
Contact No.: |
91-129-2274861 |
|
Date : |
12.11.2013 |
LOCATIONS
|
Registered Office : |
Room No. 107, 1st Floor, Pratap Bhawan, 5, Bahadur Shah Zafar
Marg, New Delhi - 110002, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
14/7, Mathura Road, Faridabad - 121003, Haryana, India |
|
Tel. No.: |
91-129-2274861 / 4045831 / 4046882 / 2258588/ 3099731 / 2258590 / 3299731 |
|
Fax No.: |
91-129-2275877 / 2258584 |
|
E-Mail : |
|
|
|
|
|
Regional Office 1 : |
Unit No. C-203, 2nd Floor, C-Wing, Building No. 2, Kailash Industrial
Complex, Behind Godrej Residential Colony, Parksite, Vikhroli (West), Mumbai
– 400079, Maharashtra, India |
|
Tel. No.: |
91-22-32992488/ 25171490 |
|
Fax No.: |
91-22-25171491 |
|
|
|
|
Regional Office 2 : |
No.3, 7th Floor, Alsa Towers No.186 and 187, Poonamalle High Road,
Kilpauk, Chennai – 600010, Tamilnadu, India |
|
Tel. No.: |
91-44-32924212/ 26401850 |
|
Fax No.: |
91-44-26401850 |
DIRECTORS
As on 26.06.2012
|
Name : |
Mrs. Sadhana Khaitan |
|
Designation : |
Director |
|
Address : |
114 A, Central Avenue, Sainik Farm, New Delhi – 110062, India |
|
Date of Birth/Age : |
27.05.1966 |
|
Qualification : |
B.A. (Hs.) (Eco.) |
|
Experience : |
24 Years |
|
Date of Appointment : |
21.10.1989 |
|
DIN No.: |
00156903 |
|
|
|
|
Name : |
Mr. Sanjay Kumar Khaitan |
|
Designation : |
Director |
|
Address : |
Kailash 114-A, Central Avenue, Sainik Farm, New Delhi – 110062, India |
|
Date of Birth/Age : |
17.12.1965 |
|
Date of Appointment : |
28.08.2009 |
|
DIN No.: |
00156816 |
|
|
|
|
Name : |
Mr. Nanak Gunendra Sheth |
|
Designation : |
Director |
|
Address : |
D – 2 A/4, Vasant Vihar, |
|
Date of Birth/Age : |
05.07.1941 |
|
Date of Appointment : |
28.08.1996 |
|
DIN No.: |
00034057 |
|
|
|
|
Name : |
Mr. Hari Krishan Pargal |
|
Designation : |
Director |
|
Address : |
C – 158, Defence Colony, New Delhi – 110024, India |
|
Date of Birth/Age : |
11.09.1928 |
|
Date of Appointment : |
03.12.1993 |
|
DIN No.: |
00229495 |
|
|
|
|
Name : |
Mr. Satya Narain Mohta |
|
Designation : |
Director |
|
Address : |
House No 1743, Sector 7 E, Faridabad – 121006, Haryana, India |
|
Date of Birth/Age : |
25.08.1953 |
|
Date of Appointment : |
17.05.2005 |
|
DIN No.: |
00157175 |
KEY EXECUTIVES
|
Name : |
Mr. Anil Gupta |
|
Designation : |
Deputy General Manager in Marketing |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.06.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sadhana Sanjaykumar Khaitan |
|
1815000 |
|
Sanjay Kumar Tej Narayan Khaitan |
|
1815000 |
|
Total |
|
3630000 |
As on 26.06.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufactures of Single Screw, 2-Spindle Screw, 3-Spindle Screw Pumps,
High Pressure Steam Jet Cleaning Machines, High Pressure Water Jetting Pump
and Industrial Vacuum Cleaners etc. |
||||||||
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Products : |
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash / Credit |
GENERAL INFORMATION
|
No. of Employees : |
150 [Approximately] |
|||||||||||||||||||||
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|
|||||||||||||||||||||
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Bankers : |
Allahabad Bank, Govind Bhawan, NIT, Near Neelam Chowk, Faridabad -
121001, Haryana, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|||||||||||||||||||||
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Gupta Gattani and Company Chartered Accountants |
|
Address : |
Room No. 107, Pratap Bhawan, 5 Bahadur Shah Zafar Marg, |
|
Tel. No.: |
91-11-23753699 / 41523699 |
|
E-Mail : |
|
|
PAN No.: |
AAEFG1742M |
|
|
|
|
Enterprises over
which KMP have significant influence |
· Usha Hydro Dynamics Limited · Sanman Gems Private Limited ·
Debikay Investment Private Limited |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3680000 |
Equity Shares |
Rs. 10/- each |
Rs. 36.800 Millions |
|
2000 |
Preference Shares |
Rs. 100/- each |
Rs. 0.200 Million |
|
|
Total |
|
Rs. 37.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3630000 |
Equity Shares |
Rs. 10/- each |
Rs.36.300
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 |
36.300 |
36.300 |
36.300 |
|
(b) Reserves & Surplus |
149.947 |
142.784 |
128.994 |
|
(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) |
186.247 |
179.084 |
165.294 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
8.167 |
16.141 |
12.339 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
8.167 |
16.141 |
12.339 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
15.649 |
17.721 |
21.661 |
|
(b) Trade payables |
37.616 |
62.514 |
44.257 |
|
(c) Other current
liabilities |
29.945 |
33.612 |
27.633 |
|
(d) Short-term provisions |
9.709 |
30.455 |
12.688 |
|
Total Current Liabilities (4) |
92.919 |
144.302 |
106.239 |
|
|
|
|
|
|
TOTAL |
287.333 |
339.527 |
283.872 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
79.889 |
87.156 |
64.453 |
|
(ii) Intangible Assets |
2.142 |
2.407 |
3.015 |
|
(iii) Capital work-in-progress |
0.368 |
0.349 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.231 |
0.000 |
|
(b) Non-current Investments |
9.680 |
9.680 |
9.367 |
|
(c) Deferred tax assets (net) |
1.049 |
0.230 |
0.279 |
|
(d) Long-term Loan and Advances |
0.363 |
0.365 |
0.379 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
93.491 |
100.418 |
77.493 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
45.260 |
58.778 |
62.596 |
|
(c) Trade receivables |
98.689 |
120.158 |
88.847 |
|
(d) Cash and cash
equivalents |
32.910 |
33.332 |
31.157 |
|
(e) Short-term loans and
advances |
16.983 |
26.841 |
23.779 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
193.842 |
239.109 |
206.379 |
|
|
|
|
|
|
TOTAL |
287.333 |
339.527 |
283.872 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
267.587 |
321.437 |
246.353 |
|
|
|
Other Income |
2.807 |
3.038 |
1.558 |
|
|
|
TOTAL (A) |
270.394 |
324.475 |
247.911 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
125.759 |
150.919 |
114.379 |
|
|
|
Changes in inventories of finished goods and work-inprogress |
(4.786) |
4.156 |
(0.669) |
|
|
|
Employee benefits expense |
69.389 |
65.001 |
58.304 |
|
|
|
Other expenses |
49.591 |
45.510 |
44.053 |
|
|
|
TOTAL (B) |
239.953 |
265.586 |
216.067 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
30.441 |
58.889 |
31.844 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
5.068 |
6.393 |
4.263 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
25.373 |
52.496 |
27.581 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
14.658 |
13.281 |
8.845 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
10.715 |
39.215 |
18.736 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.551 |
12.768 |
6.480 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
7.164 |
26.447 |
12.256 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
137.917 |
126.772 |
114.516 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
2.645 |
0.000 |
|
|
|
Dividend |
0.000 |
10.890 |
0.000 |
|
|
|
Tax on Dividend |
0.000 |
1.767 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
145.081 |
137.917 |
126.772 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
6.813 |
5.944 |
4.891 |
|
|
|
Commission |
0.000 |
0.248 |
0.000 |
|
|
TOTAL EARNINGS |
6.813 |
6.192 |
4.891 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
20.290 |
16.901 |
19.684 |
|
|
|
Capital Goods |
4.031 |
16.510 |
16.982 |
|
|
TOTAL IMPORTS |
24.321 |
33.411 |
36.666 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.97 |
7.29 |
3.38 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.65
|
8.15 |
4.94 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.00
|
12.20 |
7.61 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.88
|
11.92 |
6.83 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
0.22 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.13
|
0.19 |
0.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.09
|
1.66 |
1.94 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
Note:
The registered office of the company has been shifted from
“Kailash” 114-A, Central Avenue, Sainik Farm, New Delhi - 110062, India to the present
address w.e.f. 01.02.2011.
CORPORATE INFORMATION
Subject is a
private limited company and incorporated under the Companies Act, 1956 with the
Registrar of Company NCT of Delhi and Haryana on 2nd May, 1984. Company
manufactures Single Screw, 2-Spindle Screw, 3-Spindle Screw Pumps, High
Pressure Steam Jet Cleaning Machines, High Pressure Water Jetting Pump and
Industrial Vacuum Cleaners etc.
OPERATIONS
In the year, the Company has recorded gross turnover/income to Rs.270.394 Millions which is 17% decreased as compared to Rs.324.475 Millions in the previous year. The net profit before tax has also decreased to Rs.10.715 Millions as compared to Rs.39.215 Millions in the previous year.
The Company is making continuous efforts towards selling of complete systems to suit the customer requirements and expanding its product range, increasing customer base, indigenisation and cost reduction.
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
LONG TERM
BORROWINGS |
|
|
|
Vehicle Loans |
0.168 |
0.239 |
|
Total |
0.168 |
0.239 |
CONTINGENT LIABILITIES:
(Rs. in millions)
|
i) Claims
against the Company not acknowledged as debts : |
31.03.2013 |
31.03.2012 |
|
Income Tax for Assessment Year 2005-06 (net of payment) |
-- |
0.049 |
|
Income Tax for Assessment Year 2007-08 |
-- |
0.098 |
|
Sales Tax Demand for the year 2008-09 |
-- |
1.102 |
|
|
|
|
|
ii) Outstanding Bank Guarantees and Letters of Credit (Margin Money with Bank Rs.380.000 Millions
previous year Rs.466.400 Millions) |
18.307 |
16.410 |
|
|
|
|
|
iii) Estimated
amount of contracts remaining to be executed on capital account and not provided for (net of advances) |
-- |
0.061 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
80026163 |
13/05/2011 * |
71,995,000.00 |
ALLAHABAD BANK |
GOVIND BHAWAN, NIT, NEAR NEELAM CHOWK, FARIDABAD, |
B12968269 |
* Date of charge modification
FIXED ASSETS
· Land – Free hold
· Buildings
· Plant and Machinery
· Electrical Installation
· Tube Well
· Furniture and Fixtures
· Office Equipments
· Motor Car
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.62.56 |
|
|
1 |
Rs.100.77 |
|
Euro |
1 |
Rs.84.71 |
INFORMATION DETAILS
|
Information
Gathered by : |
NAY |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.