|
Report Date : |
15.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
THE MALT COMPANY (INDIA) PRIVATE LIMITED (w.e.f. 14.01.2009) |
|
|
|
|
Formerly Known
As : |
THE MALT COMPANY (INDIA) LIMITED |
|
|
|
|
Registered
Office : |
3/38 (Annnex), Shanti Niketan, New Delhi – 110021 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
04.03.1970 |
|
|
|
|
Com. Reg. No.: |
55-005229 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.57.006 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15533DL1970PTC005229 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT0036E |
|
|
|
|
Legal Form : |
Private Limited Liabilities Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Malt and Malt Products. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1400000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. The rating take into consideration the project execution risk for the
capacity enhancement project of the company, though this risk is mitigated by
the identical project that the company had completed in March 2010. Further the sector concentration risk and customer concentration risk
is also considered which is also largely mitigated by the long term
relationship of more than four decades with the customers. However, trade relations are reported as fair. Business is active.
Payments are reported to be usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like Tunisia, Egypt, Libya and Vietnam.
Once powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term Rating: BB |
|
Rating Explanation |
Have Moderate risk of default |
|
Date |
11.03.2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Rating: A4 |
|
Rating Explanation |
Have minimal degree of safety and carry high
credit risk. |
|
Date |
11.03.2013 |
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 DECLINED
MANAGEMENT NON CO-OPERATIVE
Contact No.: 91-124-4968600
LOCATIONS
|
Registered Office : |
3/38 (Annnex), Shanti Niketan, New Delhi – 110021, India |
|
Tel. No.: |
91-11-24115908 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
1101, 11th Floor, Tower D, Welldone Techpark, Gurgaon –
122001, Haryana, India |
|
Tel. No.: |
91-124-4968600 |
|
Fax No.: |
91-124-4968608/ 4031308 |
|
|
|
|
Plant I: |
Khandsa Road, Gurgaon – 122001, Haryana, India |
|
|
|
|
Plant II: |
7th Km, Pataudi Rewari Road, PMV Chowk Village Gadaipur,
Tehsil Paraudi, District Gurgaon – 122503, Haryana, India |
|
|
|
|
Plant III: |
Plot No.152, Nand Nagar Industrial Estate, Phase – II, Mahua Khera Ganj,
Kashipur, District Udhamsingh Nagar – 244713, Uttarakhand, India |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. Purshottam Kumar Jain |
|
Designation : |
Managing Director |
|
Address : |
3/38, Shanti Niketan, New Delhi – 110021, India |
|
Date of Birth/Age : |
25.12.1939 |
|
Date of Appointment : |
04.03.1970 |
|
DIN No.: |
00183416 |
|
|
|
|
Name : |
Mr. Mohit Kumar Jain |
|
Designation : |
Director |
|
Address : |
3/38, Shanti Niketan, New Delhi – 110021, India |
|
Date of Birth/Age : |
02.09.1963 |
|
Date of Appointment : |
01.10.1992 |
|
DIN No.: |
00183448 |
|
|
|
|
Name : |
Mr. Vikas Jain |
|
Designation : |
Director |
|
Address : |
3/38, Shanti Niketan, New Delhi – 110021, India |
|
Date of Birth/Age : |
14.12.1972 |
|
Date of Appointment : |
01.12.1995 |
|
DIN No.: |
00183467 |
|
|
|
|
Name : |
Mr. Brahma Datt Dikshit |
|
Designation : |
Director |
|
Address : |
D-2, Narmada Apartments, Alaknanda, New Delhi – 110019, India |
|
Date of Birth/Age : |
15.07.1930 |
|
Date of Appointment : |
14.03.2001 |
|
DIN No.: |
00053103 |
|
|
|
|
Name : |
Mr. Madan Mohan Anand |
|
Designation : |
Director |
|
Address : |
Cottage No.16, West Patel Nagar, New Delhi – 110008, India |
|
Date of Birth/Age : |
15.07.1937 |
|
Date of Appointment : |
14.03.2001 |
|
DIN No.: |
01339191 |
KEY EXECUTIVES
|
Name : |
Mrs. Shubha Singh |
|
Designation : |
Company Secretary |
|
Address : |
421, Ashirwad Enclave, Plot No.104, I. P. Extension, New Delhi –
110092, India |
|
Date of Birth/Age : |
26.01.1976 |
|
Date of Appointment : |
23.09.2010 |
|
PAN No.: |
AEJPA3682F |
|
Mobile No.: |
91-9212034916 |
|
Email : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Purshottam Kumar Jain (HUF) |
|
377520 |
|
Purshottam Kumar Jain |
|
1053070 |
|
Meera Jain |
|
378150 |
|
Rohan Jain |
|
81100 |
|
Seeru Jain |
|
132240 |
|
Mohit Kumar Jain |
|
410790 |
|
Gem Engg, India |
|
6808350 |
|
Vikas Jain |
|
244120 |
|
Shikha Jain |
|
198250 |
|
Madhvi Jain |
|
136900 |
|
Vidhi Jain (Minor) |
|
64590 |
|
Pranav Jain (Minor) |
|
67790 |
|
Mohit Jain (HUF) |
|
201250 |
|
Vikas Jain (HUF) |
|
250630 |
|
PMV Nutrient Products Private Limited, India |
|
942600 |
|
|
|
|
|
Total |
|
11347350 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
68.31 |
|
Directors or relatives of directors |
|
31.69 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Malt and Malt Products. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
· ICICI Bank Limited Landmarkrace Cource Circle, Alkapuri, Baroda – 390015, Gujarat, India · Industrial Development Bank of India IDBI Tower, Cuffee Parade, Colaba, Mumbai – 400005, Maharashtra, India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. C. Vasudeva and Company Chartered Accountants |
|
Address : |
B-41, Panchsheel Enclave, New Delhi – 110017, India |
|
PAN No.: |
AABFS5902N |
CAPITAL STRUCTURE
(AS ON 29.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs.300.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11347350 |
Equity Shares |
Rs.10/- each |
Rs.113.474 Millions
|
|
|
|
|
|
(AS ON 31.03.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5700570 |
Equity Shares |
Rs.10/- each |
Rs.57.006
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
57.006 |
57.006 |
|
(b) Reserves & Surplus |
|
295.890 |
242.151 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1)+(2) |
|
352.896 |
299.157 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
620.860 |
426.699 |
|
(b) Deferred tax liabilities (Net) |
|
85.612 |
79.072 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
2.115 |
1.988 |
|
Total Non-current
Liabilities (3) |
|
708.587 |
507.759 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
76.157 |
106.487 |
|
(b)
Trade payables |
|
109.998 |
193.625 |
|
(c)
Other current liabilities |
|
109.005 |
142.990 |
|
(d) Short-term
provisions |
|
4.018 |
4.716 |
|
Total Current
Liabilities (4) |
|
299.178 |
447.818 |
|
|
|
|
|
|
TOTAL |
|
1360.661 |
1254.734 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible
assets |
|
940.771 |
973.069 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
76.143 |
24.072 |
|
(b) Non-current Investments |
|
0.124 |
0.124 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
23.443 |
10.518 |
|
(e) Other
Non-current assets |
|
4.015 |
5.244 |
|
Total Non-Current
Assets |
|
1044.496 |
1013.027 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
78.243 |
105.379 |
|
(c)
Trade receivables |
|
178.878 |
86.367 |
|
(d) Cash
and cash equivalents |
|
31.038 |
25.382 |
|
(e)
Short-term loans and advances |
|
27.900 |
24.459 |
|
(f)
Other current assets |
|
0.106 |
0.120 |
|
Total
Current Assets |
|
316.165 |
241.707 |
|
|
|
|
|
|
TOTAL |
|
1360.661 |
1254.734 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
36.856 |
|
|
2] Share Application Money |
|
|
16.300 |
|
|
3] Reserves & Surplus |
|
|
246.993 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
300.149 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
439.893 |
|
|
2] Unsecured Loans |
|
|
6.514 |
|
|
TOTAL BORROWING |
|
|
446.407 |
|
|
DEFERRED TAX LIABILITIES |
|
|
64.575 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
811.131 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
823.239 |
|
|
Capital work-in-progress |
|
|
12.612 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.114 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
116.618 |
|
|
Sundry Debtors |
|
|
61.115 |
|
|
Cash & Bank Balances |
|
|
11.541 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
61.748 |
|
Total
Current Assets |
|
|
251.022 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
187.513 |
|
|
Other Current Liabilities |
|
|
52.290 |
|
|
Provisions |
|
|
36.053 |
|
Total
Current Liabilities |
|
|
275.856 |
|
|
Net Current Assets |
|
|
(24.834) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
811.131 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1311.676 |
989.121 |
701.914 |
|
|
|
Other Income |
3.493 |
4.330 |
5.077 |
|
|
|
TOTAL (A) |
1315.169 |
993.451 |
706.991 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
1120.804 |
898.689 |
658.874 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
194.365 |
94.762 |
48.117 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
95.246 |
61.679 |
23.934 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
99.119 |
33.083 |
24.183 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
67.770 |
55.121 |
24.225 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
31.349 |
(22.038) |
(0.042) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(22.389) |
(17.196) |
(33.868) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
53.738 |
(4.842) |
33.826 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
231.452 |
148.458 |
132.291 |
|
|
TOTAL EARNINGS |
231.452 |
148.458 |
132.291 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.43 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.09
|
(0.49) |
(4.78) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.39
|
(2.23) |
(0.01) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.44
|
(1.79) |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
(0.07) |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.98
|
1.78 |
1.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.06
|
0.54 |
0.91 |
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 |
No |
|
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 |
UNSECURED LOANS
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Long Term
Borrowings |
|
|
|
Rupee Term Loan from Others |
0.000 |
1.634 |
|
Long and Advances from others |
256.013 |
0.000 |
|
|
|
|
|
Short Term
Borrowings |
|
|
|
|
|
|
|
Loans and Advances From Director |
0.000 |
14.050 |
|
Loans and Advances From Others |
0.000 |
7.100 |
|
|
|
|
|
Total |
256.013 |
22.784 |
NOTE:
The Registered office of the company has been
shifted from J-1813, Annexe, Chittranjan Park, New Delhi, India, to the present
address w.e.f. 24.09.2008.
PERFORMANCE OF THE
COMPANY
The overall Turnover
for the year ended 31st March, 2012 stood at Rs.1311.700 Millions as against
Rs.989.100 Millions during the previous year. Net Profit was Rs.53.700 Millions
as against loss of Rs.4.800 Millions in the previous year.
EXPORTS
In the year overall export turnover was Rs.231.400 Millions (previous
year Rs.148.400 Millions).
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10428536 |
11/05/2013 |
891,200,000.00 |
Andhra Bank |
M - 35,
Connaught Circus, New Delhi, Delhi - 110001, India |
B76022755 |
|
2 |
10278744 |
01/08/2012 * |
45,000,000.00 |
Andhra Bank |
M - 35, Connaught
Circus, New Delhi, Delhi - 110001, India |
B58600677 |
|
3 |
10181916 |
01/08/2012 * |
400,000,000.00 |
Andhra Bank |
M - 35,
Connaught Circus, New Delhi, Delhi - 110001, India |
B58571530 |
|
4 |
90043087 |
04/06/2013 * |
180,000,000.00 |
ICICI Bank
Limited |
Landmarkrace
Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
B77770907 |
* Date of charge modification
FIXED ASSETS:
· Land
· Building
· Plant and Equipment
·
Furniture and Fixtures
· Vehicles
·
Office Equipment
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.61.30 |
|
|
1 |
Rs.97.99 |
|
Euro |
1 |
Rs.83.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.