|
Report Date : |
21.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
DEE TEE INDUSTRIES LIMITED [w.e.f. 28.03.1995] |
|
|
|
|
Formerly Known
As : |
DEWAS TOOLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
28/33, Pologround, Industrial Estate, Indore-452006, Madhya Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
18.05.1974 |
|
|
|
|
Com. Reg. No.: |
10-001274 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 29.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34300MP1974PLC001274 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BPLD01292E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD6052G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of slitting line Tooling
Tube/Section Mill Rolls, Shear Blades. Paper Chipper Knives, Cold Rolling
Mill Roils etc. |
|
|
|
|
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 550000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There appears sharp dip in profit of the company during the financial
year 2013. However, general financial position of the company appears to be fair. 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) |
|
|
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
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 |
BB+ (Long Term Fund Based Limits) |
|
Rating Explanation |
Moderate risk of default and high credit risk. |
|
Date |
August 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
A4+ (Short Term Non Fund Based) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
August 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 BY
Management non co-operative
LOCATIONS
|
Registered Office / Factory : |
28/33, Pologround, Industrial Estate, Indore-452006, |
|
Tooling Division (Unit 1) |
|
|
Tel. No.: |
91-731-4296777 |
|
Fax No.: |
91-731-4296766/ 2422108 |
|
|
|
|
RMR Division (Unit 2) |
|
|
Tel. No.: |
91-731-4296888 |
|
Fax No.: |
91-731-4296809/ 2720302 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branches : |
Located At: ·
·
Jaipur ·
Ahmedabad ·
Kolkata ·
Mumbai ·
Pune ·
·
·
Chennai |
DIRECTORS
AS ON 28.09.2013
|
Name : |
Mr. Suresh Chandra Baheti |
|
Designation : |
Director |
|
Address : |
68, Narsingh Bazar, Indore-452002, |
|
Date of Birth/Age : |
10.10.1947 |
|
Date of Appointment : |
11.06.2007 |
|
DIN No.: |
00044747 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U17124MP1982PTC002037
|
SHREENATH TEXTILES
PRIVATE LIMITED |
Director |
27/08/1982 |
27/08/1982 |
Active |
NO |
|
2 |
U34300MP1974PLC001274
|
DEE TEE
INDUSTRIES LIMITED |
Director |
11/06/2007 |
11/06/2007 |
Active |
NO |
|
Name : |
Mr. Aradhya Baheti |
|
Designation : |
Director |
|
Address : |
22, Old Palasia, Bombay Agara Road, Indore-452001, |
|
Date of Birth/Age : |
22.05.1980 |
|
Date of Appointment : |
28.12.2001 |
|
DIN No.: |
00660745 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
L02710MP1979PLC001501
|
DEWAS METAL
SECTIONS LIMITED |
Director |
30/10/2001 |
30/10/2001 |
Active |
NO |
|
2 |
U34300MP1974PLC001274
|
DEE TEE
INDUSTRIES LIMITED |
Director |
28/12/2001 |
28/12/2001 |
Active |
NO |
|
3 |
U36102MP1987PTC004093
|
DECOSTYLE
TECHNICS PRIVATE LIMITED |
Director |
16/02/2004 |
16/02/2004 |
Active |
NO |
|
Name : |
Mrs. Pushpa Bhagwan Goyal |
|
Designation : |
Director |
|
Address : |
149, Shri Nagar Main, Indore-452018, |
|
Date of Birth/Age : |
28.09.1950 |
|
Date of Appointment : |
29.10.2002 |
|
DIN No.: |
01331742 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U34300MP1974PLC001274
|
DEE TEE
INDUSTRIES LIMITED |
Director |
29/10/2002 |
29/10/2002 |
Active |
NO |
|
2 |
U72200MP2009PTC022118
|
AVINA SOFTWARES
PRIVATE LIMITED |
Director |
08/07/2009 |
08/07/2009 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2013
|
Names of Shareholders |
No. of Shares |
|
Manoharlal Baheti |
120550 |
|
Sitadevi Baheti |
187200 |
|
Ghanshyam Baheti |
40000 |
|
Aradhya Baheti |
786000 |
|
Deepali Goyal |
12000 |
|
Vishnu Bhagwan Goyal |
150 |
|
S P Tools and Processors Limited, |
866000 |
|
Shivali Goyal |
50 |
|
Divya Goyal |
50 |
|
Pushpa Bhagwan |
30000 |
|
P.G. Purohit |
80000 |
|
Shiv Priya Baheti |
150000 |
|
Suresh Baheti |
128000 |
|
Happy Collection Suitings Private Limited, Rajasthan, India |
150000 |
|
Shri May Fair Housing Finance Private Limited, |
150000 |
|
MKJ Securities Private Limited, |
100000 |
|
Macro Holdings Private Limited, |
100000 |
|
TOTAL
|
2900000 |
AS ON 28.09.2013
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of slitting line Tooling Tube/Section
Mill Rolls, Shear Blades. Paper Chipper Knives, Cold Rolling Mill Roils etc. |
|
|
|
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M. Mehta and Company Chartered Accountant |
|
Address : |
11/5, South Tukoganj, |
|
Tel. No.: |
91-731-4065948/ 2511011/ 2511022/ 2431713/ 2523117 |
|
Mobile No.: |
91-9826294918 |
|
Fax No.: |
91-731-2523117 |
|
E-Mail : |
|
|
Website : |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2900000 |
Equity Shares |
Rs.10/- each |
Rs. 29.000
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 |
29.000 |
29.000 |
24.000 |
|
(b) Reserves & Surplus |
110.728 |
103.638 |
64.031 |
|
(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) |
139.728 |
132.638 |
88.031 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
59.356 |
40.987 |
55.987 |
|
(b) Deferred tax liabilities (Net) |
11.334 |
9.361 |
8.219 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
1.944 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
72.634 |
50.348 |
64.206 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
120.251 |
73.655 |
70.657 |
|
(b) Trade
payables |
57.455 |
44.322 |
35.557 |
|
(c) Other
current liabilities |
64.401 |
47.997 |
25.557 |
|
(d) Short-term
provisions |
0.044 |
0.084 |
2.062 |
|
Total Current
Liabilities (4) |
242.151 |
166.058 |
133.833 |
|
|
|
|
|
|
TOTAL |
454.513 |
349.044 |
286.070 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
170.015 |
90.597 |
82.856 |
|
(ii)
Intangible Assets |
0.488 |
0.875 |
1.368 |
|
(iii)
Capital work-in-progress |
5.013 |
45.780 |
4.559 |
|
(b) Non-current Investments |
0.029 |
0.029 |
0.029 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.204 |
1.945 |
1.433 |
|
(e) Other
Non-current assets |
4.535 |
4.535 |
0.000 |
|
Total Non-Current
Assets |
182.284 |
143.761 |
90.245 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
123.167 |
81.026 |
89.963 |
|
(c) Trade
receivables |
109.984 |
87.585 |
78.319 |
|
(d) Cash
and cash equivalents |
3.909 |
3.023 |
4.000 |
|
(e)
Short-term loans and advances |
34.361 |
33.280 |
23.379 |
|
(f) Other
current assets |
0.808 |
0.369 |
0.164 |
|
Total
Current Assets |
272.229 |
205.283 |
195.825 |
|
|
|
|
|
|
TOTAL |
454.513 |
349.044 |
286.070 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
512.818 |
435.384 |
385.390 |
|
|
|
Other Income |
0.866 |
0.699 |
1.551 |
|
|
|
TOTAL |
513.684 |
436.083 |
386.941 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
314.029 |
255.128 |
217.849 |
|
|
|
Purchase of Stock In Trade |
0.969 |
0.265 |
0.237 |
|
|
|
Employee benefits expenses |
44.527 |
34.778 |
31.576 |
|
|
|
Other Expenses |
132.032 |
104.329 |
99.221 |
|
|
|
Extraordinary Items |
0.000 |
7.300 |
(0.513) |
|
|
|
Exceptional Items |
0.192 |
(48.942) |
0.000 |
|
|
|
Changes in inventories of Finished goods, work in progress and stock
in trade |
(22.521) |
(5.362) |
(3.751) |
|
|
|
TOTAL |
469.228 |
347.496 |
344.619 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
44.456 |
88.587 |
42.322 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
22.727 |
16.869 |
15.231 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
21.729 |
71.718 |
27.091 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
12.632 |
8.996 |
7.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX |
9.097 |
62.722 |
19.691 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.756 |
23.115 |
6.781 |
|
|
|
|
|
|
|
|
|
|
MET Credit
Entitlement |
1.750 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
7.091 |
39.607 |
12.910 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
117.922 |
136.659 |
77.984 |
|
|
TOTAL EARNINGS |
117.922 |
136.659 |
77.984 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
68.099 |
64.476 |
85.989 |
|
|
|
Stores & Spares |
0.440 |
0.227 |
0.000 |
|
|
|
Capital Goods |
11.974 |
0.817 |
2.405 |
|
|
TOTAL IMPORTS |
80.513 |
65.520 |
88.394 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
2.44 |
13.66 |
5.38 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.38
|
9.08 |
3.34 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.77
|
14.41 |
5.11 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.02
|
20.68 |
7.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
0.47 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.29
|
0.86 |
1.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12
|
1.24 |
1.46 |
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) |
Yes |
|
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 Loan |
Rs.
In Millions 31.03.2013 |
Rs.
In Millions 31.03.2012 |
|
Long Term
Borrowings |
|
|
|
From Body Corporate |
12.093 |
10.354 |
|
Car Loan From Bank |
0.356 |
0.516 |
|
Short Term
Borrowings |
|
|
|
From Directors |
32.684 |
8.607 |
|
|
|
|
|
TOTAL |
45.133 |
19.477 |
|
NOTE SHORT TERM
BORROWINGS Unsecured loans from directors are payable on demand and carry
interest 14% pa as on 31.03.2013 |
||
VIEW INDEX OF
CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
90201642 |
05/01/1996 |
31,700,000.00 |
STATE BANK OF INDORE |
INDUSTRIAL ESTATE BRANCH, INDORE, MADHYA
PRADESH, |
- |
|
2 |
90203149 |
06/09/2012 * |
248,100,000.00 |
State Bank of India |
RM-ME, SALES HUB, POLOGROUND BRANCH,
INDORE, MADHYA PRADESH - 452015, INDIA |
B58423690 |
|
3 |
90207732 |
17/04/1998 * |
7,500,000.00 |
STATE BANK OF INDORE |
INDUSTRIAL STATE BRANCH, INDORE, MADHYA
PRADESH, |
- |
|
4 |
90205084 |
04/10/2005 * |
22,500,000.00 |
THE STATE BANK OF INDORE |
INDUSTRIAL ESTATE BRANCH, INDORE, MADHYA
PRADESH, INDIA |
- |
|
5 |
90207669 |
13/03/1997 * |
1,700,000.00 |
STATE BANK OF INDORE |
INDUSTRIAL ESTATE BRANCH, INDORE, MADHYA
PRADESH, INDIA |
- |
|
6 |
90206534 |
19/12/1981 |
500,000.00 |
M.P. FINANCIAL CORPORATION |
AGRA BOMBAY ROAD, INDORE, MADHYA PRADESH,
INDIA |
- |
|
7 |
90204439 |
31/03/1975 |
55,100.00 |
THE GOVERNOR OF MADHYA PRADESH |
DEWAS, DEWAS, MADHYA PRADESH, INDIA |
- |
|
* Date of charge modification |
||||||
COMPANY OVERVIEW
Subject was incorporated on 18th May 1974 under the law of the
republic of India and has its registered office at Indore (M.P.). The Company has
engaged manufacturing slitting line Tooling Tube/Section Mill Rolls, Shear
Blades. Paper Chipper Knives, Cold Rolling Mill Roils etc.
PERFORMANCE AND
FUTURE PROSPECTS
The general
recession in the economy and industry has adverse effect on the profitability
of the company. However, the company expects better results in the forthcoming
years.
FIXED ASSETS
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. 61.27 |
|
UK Pound |
1 |
Rs. 99.02 |
|
Euro |
1 |
Rs. 83.80 |
INFORMATION DETAILS
|
Information
Gathered by : |
NAY |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.