1. Summary Information
|
|
|
Country |
India |
|
Company Name |
SUMO METALLIC
PRIVATE LIMITED |
Principal Name 1 |
Mr. Ram Kumar Singhee |
|
Status |
Moderate |
Principal Name 2 |
Mr. Damodar Das Singhee |
|
|
|
Registration # |
21-121033 |
|
Street Address |
32 Ezra Street, 2nd Floor, Room No – 205, Kolkata – 700001,
West Bengal |
||
|
Established Date |
13.12.2007 |
SIC Code |
-- |
|
Telephone# |
91-33-22218583/32927544/32582159 |
Business Style 1 |
Manufacturing |
|
Fax # |
91-33-30210549 |
Business Style 2 |
Selling |
|
Homepage |
Not Available |
Product Name 1 |
Copper Rod |
|
# of employees |
Not Available |
Product Name 2 |
Strips |
|
Paid up capital |
Rs.13,539,000/- |
Product Name 3 |
Conductors |
|
Shareholders |
Bodies corporate – 93.00% Directors or
relatives of Directors – 7.00% |
Banking |
Oriental Bank of
Commerce |
|
Public Limited Corp. |
NO |
Business Period |
6 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (31) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates |
India |
Tamra Dhatu Udyog Private Limited, |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
275,617,000 |
Current Liabilities |
270,369,000 |
|
Inventories |
131,773,000 |
Long-term Liabilities |
119,282,000 |
|
Fixed Assets |
117,385,000 |
Other Liabilities |
4,733,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
394,384,000 |
|
Invest& other Assets |
17,545,000 |
Retained Earnings |
134,397,000 |
|
|
|
Net Worth |
147,936,000 |
|
Total Assets |
542,320,000 |
Total Liab. & Equity |
542,320,000 |
|
Total Assets (Previous Year) |
528,352,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
Not Available |
Net Profit |
5,890,000 |
|
Sales(Previous yr) |
Not Available |
Net Profit(Prev.yr) |
5,094,000 |
MIRA
INFORM REPORT
|
Report Date : |
04.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
SUMO METALLIC PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
32 Ezra Street, 2nd Floor, Room No – 205, Kolkata – 700001,
West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
13.12.2007 |
|
|
|
|
Com. Reg. No.: |
21-121033 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.13.539 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100WB2007PTC121033 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the manufacturing and selling of Copper Rod,
Strips, Wire, Conductors both bare and paper insulated. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 590000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. Trade relations are fair. Business is active. Payment terms are 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: BB- |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
24 December 2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
24 December 2012 |
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 : |
32 Ezra Street, 2nd Floor, Room No – 205, Kolkata – 700001,
West Bengal, India |
|
Tel. No.: |
91-33-22218583/32927544/32582159 |
|
Fax No.: |
91-33-30210549 |
|
E-Mail : |
|
|
|
|
|
Manufacturing
Unit : |
Located at ·
Dhulagarh ·
Howrah ·
West Bengal |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Ram Kumar Singhee |
|
Designation : |
Director |
|
Address : |
26, P.L. Tagore Street, Kolkata – 700006, West Bengal, India |
|
Date of Birth/Age : |
02.01.1979 |
|
Date of Appointment : |
13.12.2007 |
|
PAN No.: |
AKPS8515L |
|
DIN No.: |
01220733 |
|
|
|
|
Name : |
Mr. Damodar Das Singhee |
|
Designation : |
Director |
|
Address : |
26, P.L. Tagore Street, Kolkata – 700006, West Bengal, India |
|
Date of Birth/Age : |
09.09.1950 |
|
Date of Appointment : |
31.03.2012 |
|
Election Commission Identity Card No.: |
WB/21/142/153212 |
|
DIN No.: |
01070418 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Ram Kumar Singhee |
|
5000 |
|
Tamra Dhatu Udyog Private Limited, India |
|
414350 |
|
Gagan Suppliers Private Limited, India |
|
674500 |
|
Decent Stockies Private Limited, India |
|
35000 |
|
Divyprakash Supplers Private Limited, India |
|
20000 |
|
Mangalmurti Nirman Private Limited, India |
|
20000 |
|
Rexnox Traxim Private Limited, India |
|
25000 |
|
DMP Projects Private Limited, India |
|
40000 |
|
Ratan Projects and Engineering Company Private Limited, India |
|
25000 |
|
Singhee Das Damodar |
|
20000 |
|
Sushama Das Singhee |
|
10000 |
|
Gordhan Das Singhee |
|
10000 |
|
Madhu Singhee |
|
10000 |
|
Poonam Singhee |
|
10000 |
|
Ram Kumar Singhee |
|
5000 |
|
Mahesh kumar Singhee |
|
5000 |
|
Ujwal Kumar Singhee |
|
5000 |
|
Damodar Das Singhee (HUF) |
|
5000 |
|
Gordhan Das Singhee (HUF) |
|
5000 |
|
Meeta Singhee |
|
5000 |
|
Anuradha Mohta |
|
5000 |
|
|
|
|
|
Total |
|
1353850 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
93.00 |
|
Directors or relatives of Directors |
7.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the manufacturing and selling of Copper Rod,
Strips, Wire, Conductors both bare and paper insulated. |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
·
Oriental Bank of Commerce, Park Street Branch,
107/1, Park Street (1st Floor), Kolkata - 700016, West Bengal, India ·
Punjab National Bank, Zkaria Street, Kolkata,
West Bengal, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Kailash B. Goel and Company Chartered Accountants |
|
Address : |
70 Ganesh Chandra Avenue, 1st Floor, Kolkata - 700 013, West Bengal,
India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAFFK5172J |
|
|
|
|
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives: |
·
Krishna Alex Private Limited, India CIN:
U28113WB2002PTC094809 ·
M.R. Industries ·
Premier Engineering Works ·
R.M. Enterprises |
|
|
|
|
Associates: |
·
Tamra Dhatu Udyog Private Limited, India CIN:
U27209WB2006PTC109251 ·
Gagan Suppliers Private Limited, India ·
CIN:
U51109WB1996PTC077367 ·
Krishna Alex Private Limited ·
Manasi Exim Private Limited ·
Ratan Projects and Engineering Company Private
Limited, India ·
CIN:
U74210WB2008PTC121557 ·
D. M. Company Bansal Alumax Private Limited ·
Krishna Enterprises ·
D M P Projects Private Limited, India ·
CIN: U27109WB2006PTC107513 |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1353850 |
Equity Shares |
Rs.10/- each |
Rs. 13.539
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 |
|
13.539 |
8.739 |
|
(b) Reserves & Surplus |
|
134.397 |
85.307 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
90.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
147.936 |
184.046 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
45.288 |
36.201 |
|
(b) Deferred tax liabilities (Net) |
|
4.622 |
2.909 |
|
(c) Other long term liabilities |
|
41.316 |
0.000 |
|
(d) long-term provisions |
|
0.111 |
0.000 |
|
Total Non-current Liabilities (3) |
|
91.337 |
39.110 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
73.994 |
181.398 |
|
(b) Trade payables |
|
216.001 |
104.786 |
|
(c) Other current
liabilities |
|
13.052 |
19.012 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
Total Current Liabilities (4) |
|
303.047 |
305.196 |
|
|
|
|
|
|
TOTAL |
|
542.320 |
528.352 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
117.385 |
103.050 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
17.545 |
8.647 |
|
(iv) Intangible
assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.529 |
0.046 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
135.459 |
111.743 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
131.773 |
85.045 |
|
(c) Trade receivables |
|
198.953 |
249.952 |
|
(d) Cash and cash
equivalents |
|
53.944 |
41.147 |
|
(e) Short-term loans and
advances |
|
22.191 |
40.465 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
406.861 |
416.609 |
|
|
|
|
|
|
TOTAL |
|
542.320 |
528.352 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
7.989 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
73.463 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
81.452 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
77.412 |
|
|
2] Unsecured Loans |
|
|
31.322 |
|
|
TOTAL BORROWING |
|
|
108.734 |
|
|
DEFERRED TAX LIABILITIES |
|
|
1.106 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
191.292 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
82.275 |
|
|
Capital work-in-progress |
|
|
1.026 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
43.406
|
|
|
Sundry Debtors |
|
|
107.589
|
|
|
Cash & Bank Balances |
|
|
21.411
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
10.636
|
|
Total
Current Assets |
|
|
183.042
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
73.581
|
|
|
Other Current Liabilities |
|
|
1.470
|
|
|
Provisions |
|
|
0.000
|
|
Total
Current Liabilities |
|
|
75.051
|
|
|
Net Current Assets |
|
|
107.991
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
191.292 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
47.005 |
33.855 |
13.565 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
24.370 |
16.025 |
5.267 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
22.635 |
17.830 |
8.298 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
13.611 |
10.622 |
4.716 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
9.024 |
7.208 |
3.582 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.134 |
2.114 |
1.107 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
5.890 |
5.094 |
2.475 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7.561 |
2.467 |
(0.008) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
13.451 |
7.561 |
2.467 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
38.155 |
100.916 |
NA |
|
|
|
Stores & Spares |
0.020 |
0.000 |
NA |
|
|
TOTAL IMPORTS |
38.175 |
100.916 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.35 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.72
|
1.39 |
1.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
0.04 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.81
|
1.18 |
1.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34
|
1.37 |
2.44 |
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 |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
CORPORATE
INFORMATION
Subject is a private limited company domiciled in India and incorporated
on 13th December, 2007 under the provisions of Companies Act, 1956. The company
is engaged in the manufacturing and selling of Copper Rod, Strips, Wire,
Conductors both bare and paper insulated. The manufacturing unit is located in
Dhulagarh, Howrah, West Bengal and it is selling its product across all over
India .
UNSECURED LOAN
|
PARTICULARS |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Intercorporate borrowings |
14.564 |
0.000 |
|
Short-term
borrowings |
|
|
|
Intercorporate borrowings |
0.000 |
54.162 |
|
|
|
|
|
Total |
14.564 |
54.162 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10204036 |
09/04/2013 * |
336,900,000.00 |
ORIENTAL BANK OF COMMERCE |
PARK STREET BRANCH,, 107/1, PARK STREET (1ST FLOOR), KOLKATA, WEST
BENGAL - 700016, INDIA |
B74361890 |
Note: * Date of charge modification
FIXED ASSETS
Tangible assets
·
Land
·
Buildings
·
Factory building
·
Other building
·
Plant and equipment
·
Factory equipments
·
Furniture and fixtures
·
Vehicles
·
Motor vehicles
·
Office equipment
·
Computer equipments
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.67.03 |
|
|
1 |
Rs.104.32 |
|
Euro |
1 |
Rs.88.24 |
INFORMATION DETAILS
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NB |
NEW BUSINESS |
||
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.