1. Summary Information
|
Reference
# |
135-101276-06-020(20130821495) |
Country |
India |
|
Company Name |
BARTAMAN PRIVATE
LIMITED |
Principal Name 1 |
Mr. Sakti Dasgupta |
|
Status |
Satisfactory |
Principal Name 2 |
Ms. Subha Datta |
|
Our Reference # |
233256 |
Registration # |
21-35338 |
|
Street Address |
6, J B S Haldane Avenue, Tiljala, Kolkata-700105, West Bengal, India |
||
|
Established Date |
15.10.1982 |
SIC Code |
-- |
|
Telephone# |
91-33-23000101/ 102/ 103/ 104/ 106 to 110/ 2243907/ 22449680/ 66220612 |
Business Style 1 |
Printing |
|
Fax # |
91-33-23233001/ 23233002/ 22441215/ 23234030 |
Business Style 2 |
Newspaper |
|
Homepage |
Product Name 1 |
Magazine |
|
|
# of employees |
Not Available |
Product Name 2 |
Advertisement Space |
|
Paid up capital |
Rs.3,106,300/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies Corporate- 100.00% |
Banking |
State Bank of India (Lead Bank) |
|
Public Limited Corp. |
No |
Business Period |
31 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
A
(61) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
556,130,000 |
Current Liabilities |
197,723,000 |
|
Inventories |
306,752,000 |
Long-term Liabilities |
380,629,000 |
|
Fixed Assets |
398,840,000 |
Other Liabilities |
48,629,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
626,981,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
631,635,000 |
|
|
|
Net Worth |
634,741,000 |
|
Total Assets |
1,261,722,000 |
Total Liab. & Equity |
1,261,722,000 |
|
Total Assets (Previous Year) |
873,510,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales (Total Income) |
NA |
Net Profit |
66.317 |
|
Sales(Previous yr) (Total Income) |
876,254,000 |
Net Profit(Prev.yr) |
128,549,000 |
MIRA
INFORM REPORT
|
Report Date : |
04.09.2013 |
|
|
|
|
Tel. No.: |
91-33-23000101 |
|
Fax No.: |
91-33-23233001 |
IDENTIFICATION DETAILS
|
Name : |
BARTAMAN PRIVATE LIMITED (w.e.f. 02.01.2002) |
|
|
|
|
Formerly Known
As : |
BARTAMAN PRINTERS AND PUBLISHERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
6, J B S Haldane Avenue, Tiljala, Kolkata – 700105, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
15.10.1982 |
|
|
|
|
Com. Reg. No.: |
21-35338 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3.106 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22121WB1982PTC035338 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALB05702E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB6237C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in the Printing of Newspaper and Magazine. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (61) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 2200000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having fine track record.
Financial position of the company appears to be sound. Trade relations are
reported as fair. Business is active. Payments are reported to be regular and
as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Cash Credit = A- |
|
Rating Explanation |
Having adequate degree of safety regarding timely servicing of
financial obligation |
|
Date |
July, 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.
LOCATIONS
|
Registered Office / Head Office : |
6, J B S Haldane Avenue, Tiljala, Kolkata – 700105, West Bengal, India |
|
Tel. No.: |
91-33-23000101/ 102/ 103/ 104/ 106 to 110/ 2243907/ 22449680/
66220612/ 23000509/ 551/ 554/ 550 |
|
Fax No.: |
91-33-23233001/ 23233002/ 23233003/ 22441215/ 23234030 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
Located at: · Mumbai · Bangalore · New Delhi · Siliguri |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Sakti Dasgupta |
|
Designation : |
Whole Time Director |
|
Address : |
GD 277, |
|
Date of Birth/Age : |
14.02.1946 |
|
Date of Appointment : |
15.10.1982 |
|
DIN No.: |
00774631 |
|
|
|
|
Name : |
Ms. Subha Datta |
|
Designation : |
Whole Time Director |
|
Address : |
GD 277, |
|
Date of Birth/Age : |
20.11.1951 |
|
Date of Appointment : |
01.01.1997 |
|
DIN No.: |
00774545 |
|
|
|
|
Name : |
Ms. Manjima Bhattacharya |
|
Designation : |
Director |
|
Address : |
6, Sunny Park, Falt 9/5, Block B, Kolkata-700019, West |
|
Date of Birth/Age : |
06.09.1966 |
|
Date of Appointment : |
10.07.2008 |
|
DIN No.: |
00729134 |
|
|
|
|
Name : |
Mr. Kusal Kumar Datta |
|
Designation : |
Director |
|
Address : |
GD 277, |
|
Date of Birth/Age : |
05.01.1948 |
|
Date of Appointment : |
18.09.2007 |
|
DIN No.: |
00774397 |
|
|
|
|
Name : |
Mr. Amit Roy |
|
Designation : |
Director |
|
Address : |
140 A, |
|
Date of Birth/Age : |
16.12.1952 |
|
Date of Appointment : |
19.10.2007 |
|
DIN No.: |
01807049 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Soumani Investment (Private) Limited, India |
|
14358 |
|
Bartaman Holding Trust (Private) Limited, India |
|
16705 |
|
|
|
|
|
Total |
|
31063 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the Printing of Newspaper and Magazine. |
|
|
|
|
Products : |
·
Newspaper ·
Magazine ·
Advertisement Space |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed Capacity |
Actual Production |
|
|
|
|
|
|
Newspaper |
Nos. |
150000 (Copies of
newspaper of 16 pages equivalent thereto per hour) |
128827282 |
|
Weekly Magazine |
Nos. |
-- |
7494256 |
|
Monthly Magazine |
Nos. |
-- |
1356807 |
|
Annual Magazine |
Nos. |
-- |
168000 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
State Bank of India (Lead Bank), Commercial Branch, Kolkata, 24, Park Street, Kolkata-700016, West Bengal, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
||||||||||||||||||
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Plot No. –Y-14, Block-EP, Sector -5, Salt Lake, Electronics Complex,
Vidhan Nagar, Kolkata-700091, West Bengal, India |
|
PAN No.: |
AAEFP3641G |
|
|
|
|
Holding Company : |
Bartman Holding Trust Private Limited |
|
|
|
|
An entity over
which Key Management Personnel together with their relatives have significant
influence. : |
· Siliguri Press Private Limited · Bangla News Agency Private Limited |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
31063 |
Equity Shares |
Rs.100/-
each |
Rs.3.106
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 |
|
|
3.106 |
|
(b) Reserves & Surplus |
|
|
631.635 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
634.741 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
|
44.252 |
|
(c) Other long term liabilities |
|
|
26.788 |
|
(d) long-term provisions |
|
|
2.575 |
|
Total Non-current Liabilities (3) |
|
|
73.615 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
380.629 |
|
(b) Trade payables |
|
|
155.068 |
|
(c) Other current
liabilities |
|
|
15.867 |
|
(d) Short-term provisions |
|
|
1.802 |
|
Total Current Liabilities (4) |
|
|
553.366 |
|
|
|
|
|
|
TOTAL |
|
|
1261.722 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
394.300 |
|
(ii) Intangible Assets |
|
|
4.540 |
|
(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 |
|
|
15.304 |
|
(e) Other Non-current assets |
|
|
100.000 |
|
Total Non-Current Assets |
|
|
514.144 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
306.752 |
|
(c) Trade receivables |
|
|
106.196 |
|
(d) Cash and cash
equivalents |
|
|
308.385 |
|
(e) Short-term loans and
advances |
|
|
15.099 |
|
(f) Other current assets |
|
|
11.146 |
|
Total Current Assets |
|
|
747.578 |
|
|
|
|
|
|
TOTAL |
|
|
1261.722 |
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
3.106 |
3.106 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
568.940 |
444.024 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
572.046 |
447.130 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
55.600 |
20.999 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
55.600 |
20.999 |
|
|
DEFERRED TAX LIABILITIES |
|
36.068 |
34.083 |
|
|
|
|
|
|
|
|
TOTAL |
|
663.714 |
502.212 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
323.744 |
305.484 |
|
|
Capital work-in-progress |
|
48.578 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
16.160 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
164.878
|
128.740
|
|
|
Sundry Debtors |
|
110.541
|
77.297
|
|
|
Cash & Bank Balances |
|
213.710
|
151.582
|
|
|
Other Current Assets |
|
6.689
|
10.513
|
|
|
Loans & Advances |
|
5.370
|
20.098
|
|
Total
Current Assets |
|
501.188
|
388.230
|
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
159.741
|
175.455
|
|
|
Other Current Liabilities |
|
43.374
|
25.557
|
|
|
Provisions |
|
6.681
|
6.650
|
|
Total
Current Liabilities |
|
209.796
|
207.662
|
|
|
Net Current Assets |
|
291.392
|
180.568
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
663.714 |
502.212 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
NA |
876.254 |
716.307 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
NA |
876.254 |
716.307 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
NA |
663.592 |
607.926 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
663.592 |
607.926 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
119.163 |
212.662 |
108.381 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
12.661 |
17.127 |
13.982 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
106.502 |
195.535 |
94.399 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
40.185 |
66.986 |
34.633 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
66.317 |
128.549 |
59.766 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
556.602 |
307.726 |
168.146 |
|
|
TOTAL IMPORTS |
556.602 |
307.726 |
168.146 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2135.00 |
4138.35 |
1992.62 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total
Income |
(%) |
NA
|
14.67
|
8.34
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.44
|
23.70
|
13.61
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.34
|
0.21
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.60
|
0.10
|
0.05
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35
|
2.39
|
1.87
|
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 two years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
GENERAL INFORMATION
Subject is a private limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The company is engaged in the printing of newspaper and magazines.
FINANCIAL RESULTS
The Profit for the year before Tax amounted to Rs. 106.502 Millions (Previous Year Rs. 195.535 Millions) alter providing for depreciation amounting to Rs.21.661 Millions (Previous Year Rs. 17.127 Millions).
BUSINESS ACTIVITIES
The sale of publication etc. at Rs. 419.770 Millions and advertisement space at Rs. 533.424 Millions showed an increase in circulation sales of 12.02% and a commendable increase in advertisement of 9.20 % over 2010-2011. In the perspective of economic slowdown all over the globe the performance of the company has been truly mercurial. The circulation of weekly magazine and monthly magazine as per certificate issue by the Audit Bureau of Circulations shows a marginal increase in the two publications. The Puja issue brought out by the company during the festive season has emerged as the largest circulated Bengali Puja Number.
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Short Term
Borrowings |
|
|
|
Loan form a body corporate |
20.000 |
0.000 |
|
Total |
20.000 |
0.000 |
CONTINGENT LIABILITIES
Rs.
In Millions
|
Particulars |
31.03.2012 |
31.03.2011 |
|
Claims not
acknowledged as debts |
|
|
|
-
Disputed Labour Matters |
0.571 |
0.631 |
|
|
|
|
|
Bank Guarantee outstanding |
2.830 |
2.830 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10261902 |
30/12/2010 |
207,500,000.00 |
STATE BANK OF INDIA (LEAD BANK ) |
COMMERCIAL BRANCH, KOLKATA, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
B04130191 |
|
2 |
10058555 |
15/06/2007 |
207,500,000.00 |
STATE BANK OF INDIA (LEAD BANK) |
COMMERCIAL BRANCH, KOLKATA, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
A18387803 |
* Date of charge modification
FIXED ASSETS:
·
·
·
Buildings
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipments
·
Motor Cars
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 records 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.66.89 |
|
|
1 |
Rs.103.95 |
|
Euro |
1 |
Rs.88.10 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
61 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.