1. Summary Information
|
|
|
Country |
|
|
Company Name |
NAINKO EXIM PRIVATE
LIMITED |
Principal Name 1 |
Mr. Yung Sun Bae |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Kil Hyang Lee |
|
|
|
Registration # |
55-116812 |
|
Street Address |
73, Pocket B-3, 2nd Floor, Safdarjung Enclave, New Delhi – 110029,
India |
||
|
Established Date |
03.09.2002 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Manufacturing |
|
Fax # |
Not Available |
Business Style 2 |
Importer |
|
Homepage |
Product Name 1 |
Color Televisions sets |
|
|
# of employees |
Product Name 2 |
Printed circuit boards |
|
|
Paid up capital |
Rs.
4,230,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate - 22.00% Directors or relatives of Directors - 74.00% Other top fifty shareholders - 4.00% |
Banking |
HDFC Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
11 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B
(33) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates |
India |
Masao Electronics Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
67,583,000 |
Current Liabilities |
53,596,000 |
|
Inventories |
28,805,000 |
Long-term Liabilities |
60,460,000 |
|
Fixed Assets |
183,924,000 |
Other Liabilities |
20,265,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
134,321,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
141,761,000 |
|
|
|
Net Worth |
145,991,000 |
|
Total Assets |
280,312,000 |
Total Liab. & Equity |
280,312,000 |
|
Total Assets (Previous Year) |
350,794,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Total Income |
2,877,442,000 |
Net Profit |
8,463,000 |
|
Total Income (Previous yr) |
2,265,454,000 |
Net Profit
(Previous yr) |
17,211,000 |
MIRA
INFORM REPORT
|
Report Date : |
17.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
NAINKO EXIM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
73, Pocket B-3, 2nd Floor, Safdarjung Enclave, New Delhi –
110029 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
03.09.2002 |
|
|
|
|
Com. Reg. No.: |
55-116812 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4.230 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909DL2002PTC116812 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MRTN00224A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCN5844R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in
manufacturing of Color Televisions sets and printed circuit boards. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 580000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. Eventhough the company has seen as increase in its sales turnover,
there appears a drastic dip in its net profitability during 2012. Profit
margin seems to be low. However, trade relations are fair. Business is active. Payment terms
are reported as slow but correct. The company can be considered for business dealings 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
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.
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 : |
73, Pocket B-3, 2nd Floor, Safdarjung Enclave, New Delhi –
110029, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office / Factory : |
B – 30/1, Ranjangaon Industrial Estate, MIDC, Next Bajaj Electricals, Taluka
Shirur, Pune – 412220, Maharashtra, India |
|
Tel. No.: |
91-2138-2673800 |
|
Fax No.: |
91-2138-2673801 |
|
E-Mail : |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Yung Sun Bae |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
73, II Floor, Safdurjung Enclave, New Delhi – 110029, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
29.08.1959 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
03.09.2002 |
||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AALPB0175A |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01768930 |
||||||||||||||||||||||||||||||||||||
|
Other
directorship
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Kil Hyang Lee |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
73, II Floor, Safdurjung Enclave, New Delhi – 110029, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.06.1962 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
03.09.2002 |
||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ABPPL4845A |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01768979 |
||||||||||||||||||||||||||||||||||||
|
Other
directorship
|
|||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Yung Sun Bae |
|
185000 |
|
Kil Hyang Lee |
|
130000 |
|
Bhanu Prasad |
|
5000 |
|
Panko Express India Private Limited, India |
|
20000 |
|
Laser Sound Systems Private Limited, India |
|
30000 |
|
Anika Consultants Private Limited, India |
|
10000 |
|
Kim Jung Rae |
|
13000 |
|
Samkit Finance Limited, India |
|
4000 |
|
Udyanchal Viniyog Private Limited, India |
|
2000 |
|
Harshratna Finance and Investments Private Limited, India |
|
4000 |
|
Priyamvada Finvest Private Limited, India |
|
6000 |
|
Ladha Finance Limited, India |
|
4000 |
|
Rudra Rubber Private Limited, India |
|
6000 |
|
Achates E-Services Private Limited, India |
|
4000 |
|
Total |
|
423000 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
22.00 |
|
Directors or relatives of Directors |
74.00 |
|
Other top fifty shareholders |
4.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing
of Color Televisions sets and printed circuit boards. |
||||||
|
|
|
||||||
|
Products : |
|
||||||
|
|
|
||||||
|
Brand Names : |
· LG · VIDEOCON · ONIDA ·
TREND |
PRODUCTION STATUS (As on 31.03.2010)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Colour Television Set |
Nos |
1200000 |
540059 |
|
Printed Circuit Board |
Nos |
2050000 |
501204 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Bankers : |
·
HDFC
Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West),
Mumbai - 400013, Maharashtra, India ·
Sinhan Bank (Chohung Bank), 42, Jolly Maker
Chambers II, 4th Floor, 225, Nariman Point, Mumbai - 400021,
Maharashtra, India |
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Gupta Lokhotia and Associates Chartered Accountants |
|
Address : |
AD-27, Ground Floor, Shalimar Bagh, New Delhi – 110029, India |
|
Tel. No.: |
91-11-27476873 |
|
PAN.: |
AAAPL9558Q |
|
|
|
|
Associates : |
·
Masao Electronics Private Limited CIN No.: U67120WB1995PTC074896 ·
Panko Express India Private Limited CIN No.: U63013DL2003PTC119069 |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs. 10/- each |
Rs. 5.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
423000 |
Equity Shares |
Rs. 10/- each |
Rs. 4.230
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
4.230 |
|
(b) Reserves & Surplus |
|
|
141.761 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
145.991 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
27.586 |
|
(b) Deferred tax liabilities (Net) |
|
|
4.058 |
|
(c) Other long term liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
1.908 |
|
Total Non-current Liabilities (3) |
|
|
33.552 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
32.874 |
|
(b) Trade payables |
|
|
49.538 |
|
(c) Other current
liabilities |
|
|
18.357 |
|
(d) Short-term provisions |
|
|
0.000 |
|
Total Current Liabilities (4) |
|
|
100.769 |
|
|
|
|
|
|
TOTAL |
|
|
280.312 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
183.924 |
|
(ii) Intangible Assets |
|
|
0.000 |
|
(iii) Capital
work-in-progress |
|
|
0.000 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
0.891 |
|
(e) Other Non-current assets |
|
|
0.000 |
|
Total Non-Current Assets |
|
|
184.815 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
28.805 |
|
(c) Trade receivables |
|
|
11.128 |
|
(d) Cash and cash
equivalents |
|
|
21.538 |
|
(e) Short-term loans and
advances |
|
|
33.282 |
|
(f) Other current assets |
|
|
0.744 |
|
Total Current Assets |
|
|
95.497 |
|
|
|
|
|
|
TOTAL |
|
|
280.312 |
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
4.230 |
4.230 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
133.299 |
116.088 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
137.529 |
120.318 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
20.095 |
7.867 |
|
|
2] Unsecured Loans |
|
22.726 |
22.969 |
|
|
TOTAL BORROWING |
|
42.821 |
30.836 |
|
|
DEFERRED TAX LIABILITIES |
|
4.633 |
5.768 |
|
|
|
|
|
|
|
|
TOTAL |
|
184.983 |
156.922 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
174.891 |
130.746 |
|
|
Capital work-in-progress |
|
26.435 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
50.978
|
14.395
|
|
|
Sundry Debtors |
|
29.512
|
58.274
|
|
|
Cash & Bank Balances |
|
19.941
|
21.161
|
|
|
Other Current Assets |
|
0.000
|
0.000
|
|
|
Loans & Advances |
|
49.037
|
86.761
|
|
Total
Current Assets |
|
149.468
|
180.591
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
129.554
|
112.352
|
|
|
Other Current Liabilities |
|
11.100
|
7.129
|
|
|
Provisions |
|
25.157
|
34.934
|
|
Total
Current Liabilities |
|
165.811
|
154.415
|
|
|
Net Current Assets |
|
(16.343)
|
26.176
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
184.983 |
156.922 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
2330.174 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
2877.442 |
2265.454 |
2330.174 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
2837.849 |
2219.132 |
2273.174 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
2837.849 |
2219.132 |
2273.174 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
39.593 |
46.322 |
57.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.385 |
2.337 |
1.804 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
37.208 |
43.985 |
55.196 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
21.843 |
18.468 |
16.340 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
15.365 |
25.517 |
38.856 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
6.902 |
8.306 |
13.079 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
8.463 |
17.211 |
25.777 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
114.128 |
96.917 |
71.140 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
122.591 |
114.128 |
96.917 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Fob Value of Exports |
0.000 |
47.182 |
98.701 |
|
|
TOTAL EARNINGS |
0.000 |
47.182 |
98.701 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Stores & Spares |
0.261 |
0.847 |
0.744 |
|
|
|
Capital Goods |
0.000 |
54.973 |
2.494 |
|
|
TOTAL IMPORTS |
0.261 |
55.820 |
3.238 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
20.01 |
40.69 |
60.94 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.29
|
0.76
|
1.11
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.48
|
7.87
|
12.48
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11
|
0.19
|
0.32
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.41
|
0.31
|
0.26
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.95
|
0.90
|
1.17
|
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 |
No |
NOTE:
Registered Office
of the company has been shifted from C-12, 2nd Floor, Geetanjali Enclave,
New Delhi – 110029, Delhi, India
to the present address w.e.f.24.09.2007
FUTURE PERFORMANCE:
The production of color television sets is on decline worldwide and the same is true for India. The Company is facing production loss in the current year on account lower orders for color television sets. The Company is exploring newer avenues to maintain its turnover and profitability. The margins will remain under pressure due to higher input costs.
CORPORATE INFORMATION:
The Company is manufacturing color television
sets and printed circuit boards. Apart from this the Company also manufactures
printed circuit boards on job work basis.
UNSECURED LOAN
|
Particulars |
31.03.2012 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
Loans and advances from related parties |
25.646 |
|
|
|
|
Total |
25.646 |
|
Particulars |
As
on 31.03.2011 (Rs.
In Millions) |
|
Foreign currency loans others unsecured |
22.726 |
|
Total |
22.726 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10430872 |
10/06/2013 * |
155,000,000.00 |
SHINHAN BANK |
5TH FLOOR,
WOCKHARDT TOWERS (WEST WING), BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI,
MAHARASHTRA - |
B77636413 |
Note: * Date of charge modification
CONTINGENT LIABILITY (NOT PROVIDED FOR) IN RESPECT OF:
Rs. In Millions
|
Particular |
31.03.2012 |
31.03.2011 |
|
Show cause / demand / notice by Excise,
Sales Tax, and Income Tax authorities being disputed by the Company |
107.681 |
107.786 |
|
Differential amount of custom duty in
respect of machinery imported under EPCG Scheme |
0.000 |
4.032 |
|
Outstanding Bank Guarantees |
38.040 |
38.040 |
|
Outstanding Bank Guarantees (Secured against
100% Fixed Deposit Receipts) |
12.000 |
12.000 |
FIXED ASSETS
Tangible assets
·
Land
·
Buildings
·
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.61.69 |
|
|
1 |
Rs.98.59 |
|
Euro |
1 |
Rs.83.67 |
INFORMATION DETAILS
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
TOTAL |
|
33 |
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.