MIRA INFORM REPORT
|
Report Date : |
01.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
UEM INDIA PRIVATE LIMITED (w.e.f. 27.04.2010) |
|
|
|
|
Formerly Known
As : |
UEM INDIA LIMITED (w.e.f. 07.11.2001) UTILITY EQUIPMENT AND MANAGEMENT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
D-19, Kalkaji, New Delhi – 110 019 |
|
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|
Country : |
India |
|
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Financials (as
on) : |
31.03.2013 |
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|
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|
Date of
Incorporation : |
23.03.1984 |
|
|
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Com. Reg. No.: |
55-017765 |
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|
|
Capital Investment
/ Paid-up Capital : |
Rs. 69.529 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909DL1984PTC017765 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU0043Q |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in business of construction and installation
of Water Treatment Plant. |
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|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (35) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1900000 |
|
|
|
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track record. Company has incurred loss from its operation in the year 2013. However, trade relation 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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
India’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product from
$31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in exports
and moderation in gold imports. Manufacturing activity and new orders in India
showed their strongest growth in a year in February. The news comes as a relief
after data showed Asia’s third largest economy grew by a slower-than-expected
4.7 % annually in the three months through December. The HSBC Manufacturing
Purchasing Managers’ Index which gauges the business activity of India’s
factories but not its’ utilities, rose to 52.5 in February, its highest in a
year from 51.4 in January. Overall new orders for factory goods which rose to a
one-year high of 54.9 contributed to the surge. China has emerged as India’s
biggest trading partner in the current financial year replacing the United Arab
Emirates and pushing it to the third spot. India-China trade has reached $49.5
billion with a 8.7 % share in India’s total trade. The US comes second at $46
billion with 8.1 % share during the first nine months of the current financial
year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED
Management non-cooperative. (Tel. No.: 91-120-3817000)
LOCATIONS
|
Registered Office : |
D-19, Kalkaji, New Delhi – 110 019, India |
|
Tel. No.: |
91-120-3817000 |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
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|
|
|
|
Branch Office : |
2nd and 3rd Floor, Tower-B, A-1, Windsor It Park, Sector-125, Noida,
Uttar Pradesh, India |
|
Tel. No.: |
91-120-3817000 / 1 / 2 4897000 / 1 / 2 |
|
|
91-120-3817005 |
DIRECTORS
As on: 25.09.2013
|
Name : |
Mr. Krishan Mohan Kshetry |
|
Designation : |
Managing Director |
|
Address : |
W-5/40A Sainik Farms, Village Devli, Tehsil Mehrauli, NCT of Delhi,
Delhi – 110062, India |
|
Date of Birth/Age : |
06.06.1949 |
|
Date of Appointment : |
23.03.1984 |
|
PAN No.: |
BVYPK9373C |
|
DIN No.: |
00420623 |
|
|
|
|
Name : |
Mr. Vikram Nirula |
|
Designation : |
Director |
|
Address : |
704, Gypsy Rose, Shastri Nagar, Andheri (West), Mumbai – 400053,
Maharashtra, India |
|
Date of Birth/Age : |
28.08.1972 |
|
Date of Appointment : |
30.07.2010 |
|
DIN No.: |
01655115 |
|
|
|
|
Name : |
Mr. Sanjay Narendrakumar Arte |
|
Designation : |
Director |
|
Address : |
501 Ashoka-1 15th Road, Khar West, Mumbai – 400052, Maharashtra,
India |
|
Date of Birth/Age : |
05.12.1958 |
|
Date of Appointment : |
30.09.2011 |
|
DIN No.: |
01000716 |
KEY EXECUTIVES
|
Name : |
Mr. Anil Kumar Chauhan |
|
Designation : |
Secretary |
|
Address : |
77, Khirki, Malviya Nagar, NCT of Delhi, New Delhi – 110017, India |
|
Date of Birth/Age : |
01.08.1972 |
|
Experience : |
18.08.2000 |
|
Date of Appointment : |
ADNPC6005D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 25.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Krishan Mohan Kshetry |
|
944000 |
|
Subhash Sapra |
|
1802 |
|
Usha Sapra |
|
32600 |
|
Sangita Kshetry |
|
535600 |
|
Hersh Vardhan Kshetry |
|
627218 |
|
Nina Kshetry |
|
68640 |
|
IVF Trustee Company Private Limited, India |
|
4743058 |
|
|
|
|
|
Total |
|
6952918 |
Equity Share Break up (Percentage of Total Equity)
As on: 25.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Venture Capital |
|
68.22 |
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
31.28 |
|
Directors or relatives of directors |
|
0.50 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in business of construction and installation
of Water Treatment Plant. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
|
|
|
|
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Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
L and T Finance Limited,
L and T House, Ballard Estate, Mumbai – 400 001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
BSR and Company Chartered Accountants |
|
Address : |
Block 4B, DLF Corporate Park, Phase III |
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PAN No.: |
AAIFB7357B |
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Holding Company : |
IVF Trustee Company Private Limited |
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Subsidiary Company : |
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Associates : |
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CAPITAL STRUCTURE
As on: 25.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
1000000 |
Preference Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.110.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6952918 |
Equity Shares |
Rs.10/- each |
Rs. 69.521
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 |
69.529 |
45.099 |
45.099 |
|
(b) Reserves & Surplus |
416.305 |
1,115.292 |
1132.241 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.00 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
485.834 |
1,160.391 |
1177.340 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
492.017 |
3.716 |
30.273 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
8.163 |
|
(c) Other long term
liabilities |
8.754 |
89.752 |
98.743 |
|
(d) long-term provisions |
60.676 |
27.568 |
42.721 |
|
Total
Non-current Liabilities (3) |
561.447 |
121.036 |
179.900 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
516.697 |
662.049 |
209.816 |
|
(b) Trade payables |
1,248.269 |
689.247 |
605.789 |
|
(c) Other current liabilities |
472.272 |
650.979 |
702.003 |
|
(d) Short-term provisions |
251.836 |
123.316 |
19.114 |
|
Total
Current Liabilities (4) |
2,489.074 |
2,125.591 |
1536.722 |
|
|
|
|
|
|
TOTAL |
3,536.355 |
3,407.018 |
2893.962 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
108.987 |
115.059 |
233.665 |
|
(ii) Intangible Assets |
21.499 |
13.064 |
10.308 |
|
(iii) Capital work-in-progress |
0.000 |
1.629 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
4.820 |
3.916 |
0.049 |
|
(c) Deferred tax assets (net) |
182.380 |
7.406 |
0.000 |
|
(d) Long-term Loan and Advances |
143.715 |
92.557 |
58.884 |
|
(e) Other Non-current assets |
215.191 |
216.470 |
133.772 |
|
Total
Non-Current Assets |
676.592 |
450.101 |
436.678 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
18.590 |
57.457 |
49.485 |
|
(c) Trade receivables |
1,279.584 |
1,577.171 |
1311.611 |
|
(d) Cash and cash equivalents |
591.672 |
638.663 |
687.379 |
|
(e) Short-term loans and
advances |
231.206 |
171.171 |
133.904 |
|
(f) Other current assets |
738.711 |
512.455 |
274.905 |
|
Total
Current Assets |
2,859.763 |
2,956.917 |
2457.284 |
|
|
|
|
|
|
TOTAL |
3,536.355 |
3,407.018 |
2893.962 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2,958.590 |
3054.985 |
2498.363 |
|
|
|
Other Income |
45.778 |
64.116 |
27.442 |
|
|
|
TOTAL |
3,004.368 |
3119.102 |
2525.805 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
3,746.170 |
2922.274 |
2391.490 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(741.802) |
196.828 |
134.315 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES |
110.665 |
98.283 |
45.414 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(852.467) |
98.545 |
88.901 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
21.307 |
29.467 |
19.213 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
(873.774) |
69.079 |
69.689 |
|
|
|
|
|
|
|
|
|
|
TAX |
(174.974) |
14.973 |
22.005 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(698.800) |
54.286 |
47.684 |
|
|
|
|
|
|
|
|
|
|
Income Tax
adjustment for earlier years |
0.000 |
0.000 |
(2.966) |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
201.991 |
147.705 |
102.987 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(496.809) |
201.991 |
147.705 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Services |
|
|
112.845 |
|
|
|
FOB value of project supplies |
|
|
68.085 |
|
|
|
Reimbursement of expenses |
|
|
0.000 |
|
|
TOTAL EARNINGS |
246.506 |
222.557 |
180.930 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Equipment and components |
|
|
100.978 |
|
|
|
Capital Goods |
|
|
5.254 |
|
|
TOTAL IMPORTS |
NA |
NA |
106.232 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(100.51) |
7.81 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(23.26) |
1.74
|
1.89 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(29.53) |
2.26
|
2.79 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(26.09) |
2.04
|
2.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(1.80) |
0.06
|
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.08 |
0.57
|
0.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.15 |
1.39
|
1.60 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
45.099 |
45.099 |
69.529 |
|
Reserves & Surplus |
1,132.241 |
1,115.292 |
416.305 |
|
Net
worth |
1,177.340 |
1,160.391 |
485.834 |
|
|
|
|
|
|
long-term borrowings |
30.273 |
3.716 |
492.017 |
|
Short term borrowings |
209.816 |
662.049 |
516.697 |
|
Total
borrowings |
240.089 |
665.765 |
1,008.714 |
|
Debt/Equity
ratio |
0.204 |
0.574 |
2.076 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
2,498.363 |
3,054.985 |
2,958.590 |
|
|
|
22.279 |
(3.155) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
2,498.363 |
3,054.985 |
2,958.590 |
|
Profit |
47.684 |
54.286 |
(698.800) |
|
|
1.91% |
1.78% |
(23.62)% |
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 |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
Long term
borrowings |
|
|
|
Other loans and advances, others |
490.000 |
0.000 |
|
|
|
|
|
Short term
borrowings |
|
|
|
Other loans and advances |
237.400 |
242.500 |
|
|
|
|
|
Total |
727.400 |
242.500 |
OPERATIONS:
During FY 2013, the Company achieved a turnover of Rs 2958.600 millions and a negative Profit Before Tax (PBT) of Rs.(873.800) millions as compared to a turnover of Rs 3055.000 millions and a PBT of Rs 69.100 millions in FY 2012.
OUTLOOK:
During the last year the Company continued its focus on executing some large value and complex project.
The Company is focused on winning large value project and profitable orders and has secured or declared as lowest bidder for the following major orders:
- CBM waste water treatment at Raniganj, West Bengal
- Sewerage work for Director Local Bodies, Banswara, Rajasthan
- Sewerage work for Director Local Bodies, Sri Ganganagar, Rajasthan
- Sewerage work for Director Local Bodies, Didhwana, Rajasthan
- Sewerage work for Jodhpur Development Authority, Jodhpur, Rajasthan
- Waste Water Treatment Plant for JBF Petrochemical Limited, Mangalore
All the above orders would help the Company in achieving a healthy mix of revenues and margins.
The Key events of the year under report are:
- Successful commissioning and completion of following large projects:
- ETP for Oil and Natural Gas Corporation Limited, Mehsana
- STP and Sewerage work for Jodhpur Development Authority, Jodhpur
- STP for U.P. Jal Nigam, Ghaziabad, U.P.
- ETP for Agro Chemical and Food Company Limited, Kenya
- Biogas Generation Plant for Aurus Speciality Company Limited, Thailand
- Sewerage work for U.P. Jal Nigam, Lucknow, U.P.
- CETP for Bengal Chemical and Pharmaceuticals Limited, Kanpur
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10431495 |
13/06/2013 |
90,000,000.00 |
L AND T FINANCE LIMITED |
L AND T HOUSE, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA |
B77263119 |
|
2 |
10389890 |
06/11/2012 |
50,000,000.00 |
L AND T FINANCE LIMITED |
L AND T HOUSE, BALLARD ESTATE, MUMBAI, MAHARASHTRA |
B63286108 |
|
3 |
10372888 |
27/08/2012 |
31,000,000.00 |
L AND T FINANCE LIMITED |
L AND T HOUSE, BALLARD ESTATE, MUMBAI, MAHARASHTRA |
B56504053 |
|
4 |
10351458 |
23/04/2012 |
35,500,000.00 |
L AND T FINANCE LIMITED |
L AND T HOUSE, BALLARD ESTATE, MUMBAI, MAHARASHTRA |
B38115358 |
|
5 |
10185726 |
16/08/2013 * |
3,100,000,000.00 |
SATATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, JAWAHAR VYAPAR BHAWAN, STC BUILDING, 1, TOLSTOY MARG, NEW DELHI, DELHI - 110001, INDIA |
B84309426 |
* Date of charge modification
FIXED ASSETS
Tangible Assets
- Land
- Buildings
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Office Equipment
- Computer Equipments
- Leasehold Improvements
- Plantations
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. 60.10 |
|
|
1 |
Rs. 99.85 |
|
Euro |
1 |
Rs. 82.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
DPH |
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 |
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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
35 |
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.