1. Summary Information
|
Country |
|
||
|
Company Name |
LINK TELECOM
PRIVATE LIMITED |
Principal Name 1 |
Mr. Subhash Subberwal |
|
Status |
Moderate |
Principal Name 2 |
Mr. Deepak Gupta |
|
Registration # |
21-094239 |
||
|
Street Address |
23A, |
||
|
Established Date |
15.02.2002 |
SIC Code |
-- |
|
Telephone# |
91-33-24863427 |
Business Style 1 |
Distributor |
|
Fax # |
91-33-24863426 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Samsung Handset Mobiles |
|
|
# of employees |
Not
Divulged |
Product Name 2 |
Accessories |
|
Paid up capital |
Rs.32,500,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate - 50.00% Directors or relatives of Directors - 50.00 % |
Banking |
Standard Chartered Bank |
|
Public Limited Corp. |
No |
Business Period |
12 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B
(34) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
468,239,000 |
Current Liabilities |
126,394,000 |
|
Inventories |
370,720,000 |
Long-term Liabilities |
416,770,000 |
|
Fixed Assets |
2,615,000 |
Other Liabilities |
29,671,000 |
|
Deferred Assets |
117,000 |
Total Liabilities |
572,835,000 |
|
Invest& other Assets |
0 |
Retained Earnings |
236,356,000 |
|
|
|
Net Worth |
268,856,000 |
|
Total Assets |
841,691,000 |
Total Liab. & Equity |
841,691,000 |
|
Total Assets (Previous Year) |
915,590,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
4,844,737,000 |
Net Profit |
48,145,000 |
|
Sales(Previous yr) |
7,844,193,000 |
Net Profit(Prev.yr) |
76,813,000 |
MIRA INFORM REPORT
|
Report Date : |
02.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
LINK TELECOM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
23A, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
15.02.2002 |
|
|
|
|
Com. Reg. No.: |
21-094239 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.32.500
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U64202WB2002PTC094239 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALL01081D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACL7909A |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Distributor of Samsung Handset Mobiles and Accessories. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1100000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The company’s sales turnover has declined resulting in a sharp drop in
its net profitability during the financial year 2013. However, 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 – 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
State-run banks hired nearly
300000 personnel including more than 94000 officers in the last four years,
according to the Indian Banks Association. A study by trade lobby Assocham in
September 2013 indicated that banks would need 800000 people in the next six
years. It estimated that state-run lenders alone would hire 50000 people in
2013/14.
The Competition Commission of
India plans to issue final orders within a broad time-frame of one year in
matters where it decides to carry out detailed investigations. The number of
complaints received by the watchdog which keeps tabs on unfair trade practices
in the marketplace.
The government has detected
custom tax evasion totaling around Rs 37920 mn in 14 states until December.
Maharashtra topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs
8140 mn, Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.
Connaught Place in New Delhi
slipped four notches to become the world’s eighth most expensive office
locations. London’s West End is the world’s most expensive office market.
There are 4.072 mn number of
high value spenders under the scanner of the income tax department. The income
tax department has information that they have made cash deposits announcing to Rs
1 mn or more in their savings bank accounts in the current financial year. It
plans to check potential evasion before the closing of the financial year on
March 31.
Estimated pharmaceutical sales
in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago.
The life sciences and health care industry is up against challenges such as
quality management, says a recent Deloitte report.
The gross non-performing assets
of listed banks rose 35.2 % to Rs 2.43 lakh crore during the first three months
of the financial year. In absolute terms, the 40 listed banks added Rs 3386
crore to their gross NPAs in nine months with the State Bank of India leading
with the State Bank of India leading with an accretion of Rs 16610 crore.
The inflow of smuggled gold
doubled in 2013 following restrictions to curb the supply from official
channels to contain the current account deficit. China surpassed India in the
demand for gold for the first time in 2013 due to liberalization of gold
trading norms by its local governments.
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 DENIED BY
|
Name : |
Mr. Sandip Chandra |
|
Designation : |
Regional Business Manager |
|
Contact No.: |
91-9830251149 |
|
Date : |
06.03.2014 |
LOCATIONS
|
Registered Office : |
23A, |
|
Tel. No.: |
91-33-24863427 |
|
Mobile No.: |
91-9830962162 (Mr. Rajesh Khanna) |
|
Fax No.: |
91-33-24863426 |
|
E-Mail : |
|
|
Website: |
|
|
Location : |
Owned |
|
|
|
|
Branch Office : |
Located at: · Bhunaveshar ·
|
DIRECTORS
As on: 15.07.2013
|
Name : |
Mr. Subhash Subberwal |
|
Designation : |
Chairman |
|
Address : |
112A, Block A , 5th Floor, Tivoli Court, Ballygunge Circular
Road, Kolkata-700 019, West Bengal, India |
|
Date of Birth/Age : |
12.03.1943 |
|
Qualification : |
B.SC, MBA, IIM, Cal |
|
Experience : |
41 Years |
|
Date of Appointment : |
WB/23/146/147537 |
|
DIN No.: |
00822777 |
|
|
|
|
Name : |
Mr. Deepak Gupta |
|
Designation : |
Whole Time Director |
|
Address : |
II / DIO / Aasha, |
|
Date of Birth/Age : |
22.09.1958 |
|
Qualification : |
B.Sc. Diploma in Marketing Management |
|
Experience : |
25 Years |
|
Date of Appointment : |
15.02.2002 |
|
Voter ID No.: |
WB/23/150/171105 |
|
DIN No.: |
00823856 |
|
|
|
|
Name : |
Mr. Amit Jalan |
|
Designation : |
Director |
|
Address : |
25B, |
|
Date of Birth/Age : |
10.11.1966 |
|
Qualification : |
B.A. |
|
Experience : |
20 Years |
|
Date of Appointment : |
04.08.2009 |
|
DIN No.: |
01554731 |
|
|
|
|
Name : |
Mr. Akshay Jalan |
|
Designation : |
Director |
|
Address : |
7E, Rajanigandha 25, |
|
Date of Birth/Age : |
25.09.1981 |
|
Qualification : |
B.Sc. Economics in Finance and Management |
|
Experience : |
5 Years |
|
Date of Appointment : |
04.08.2009 |
|
DIN No.: |
02613137 |
MAJOR SHAREHOLDERS
As on: 15.07.2013
|
Names of Shareholders |
|
No. of Shares |
|
Subhash Subberwal |
|
552500 |
|
Deepak Gupta |
|
552500 |
|
Anita Subberwal |
|
130000 |
|
Naina Subberwal |
|
130000 |
|
Seema Gupta |
|
130000 |
|
Nikhil Gupta |
|
130000 |
|
Jalan Brothers Private Limited, |
|
812500 |
|
Pashupati Commerce Private Limited, |
|
812500 |
|
Total |
|
3250000 |
Equity Share Break up (Percentage of Total Equity)
As on: 15.07.2013
|
Category |
Percentage |
|
Bodies corporate |
50.00 |
|
Directors or relatives of Directors |
50.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributor of Samsung Handset Mobiles and Accessories |
||||
|
|
|
||||
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Gautam Basu and Company Chartered Accountants |
|
Address : |
6 B Sevak Baidya Street Kolkata – 700029, West Bengal, India |
|
PAN.: |
ACVPB7204L |
CAPITAL STRUCTURE
As on: 15.07.2013
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 |
|
|
|
|
|
|
3250000 |
Equity Shares |
Rs.10/- each |
Rs.32.500
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
|
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
32.500 |
|
(b) Reserves & Surplus |
|
|
236.356 |
|
(c) Money received against
share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
268.856 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
416.770 |
|
(b) Deferred tax liabilities
(Net) |
|
|
0.000 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
0.000 |
|
Total
Non-current Liabilities (3) |
|
|
416.770 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
0.000 |
|
(b) Trade payables |
|
|
124.312 |
|
(c) Other current liabilities |
|
|
29.671 |
|
(d) Short-term provisions |
|
|
2.082 |
|
Total
Current Liabilities (4) |
|
|
156.065 |
|
|
|
|
|
|
TOTAL |
|
|
841.691 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
2.615 |
|
(ii) Intangible Assets |
|
|
0.000 |
|
(iii) Capital work-in-progress |
|
|
0.000 |
|
(iv) Intangible assets under
development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
0.117 |
|
(d) Long-term Loan and Advances |
|
|
118.875 |
|
(e) Other Non-current assets |
|
|
0.000 |
|
Total
Non-Current Assets |
|
|
121.607 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
370.720 |
|
(c) Trade receivables |
|
|
296.718 |
|
(d) Cash and cash equivalents |
|
|
49.942 |
|
(e) Short-term loans and
advances |
|
|
0.000 |
|
(f) Other current assets |
|
|
2.704 |
|
Total
Current Assets |
|
|
720.084 |
|
|
|
|
|
|
TOTAL |
|
|
841.691 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
32.500 |
32.500 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
188.753 |
118.097 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
221.253 |
150.597 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
121.293 |
372.995 |
|
|
2] Unsecured Loans |
|
134.100 |
119.222 |
|
|
TOTAL BORROWING |
|
255.393 |
492.217 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
476.646 |
642.814 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
2.790 |
3.289 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.102 |
0.068 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
400.941
|
510.542
|
|
|
Sundry Debtors |
|
339.546
|
400.545
|
|
|
Cash & Bank Balances |
|
93.590
|
129.350
|
|
|
Other Current Assets |
|
34.450
|
0.000
|
|
|
Loans & Advances |
|
44.171
|
75.231
|
|
Total
Current Assets |
|
912.698
|
1115.668
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
338.100
|
359.411
|
|
|
Other Current Liabilities |
|
62.344
|
89.342
|
|
|
Provisions |
|
38.500
|
27.458
|
|
Total
Current Liabilities |
|
438.944
|
476.211
|
|
|
Net Current Assets |
|
473.754
|
639.457
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
476.646 |
642.814 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4844.737 |
7844.193 |
7270.285 |
|
|
|
Other Income |
66.098 |
34.080 |
21.034 |
|
|
|
TOTAL (A) |
4910.835 |
7878.273 |
7291.319 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
4803.899 |
7713.835 |
6914.140 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
4803.899 |
7713.835 |
6914.140 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
106.936 |
164.438 |
377.179 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
36.148 |
48.791 |
218.663 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
70.788 |
115.647 |
158.516 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.700 |
0.848 |
0.670 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
70.088 |
114.799 |
157.846 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
21.943 |
37.986 |
55.155 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
48.145 |
76.813 |
102.691 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
47.500 |
70.600 |
96.500 |
|
|
|
Final Dividend |
0.000 |
0.000 |
0.000 |
|
|
|
Tax on Dividend |
0.000 |
0.795 |
0.829 |
|
|
|
Dividend on Equity Share-interim |
0.000 |
4.875 |
4.875 |
|
|
BALANCE CARRIED
TO THE B/S |
0.645 |
0.543 |
0.487 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
14.81 |
23.63 |
31.72 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.98
|
0.97
|
1.41
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.45
|
1.46
|
2.17
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.33
|
12.54
|
132.69
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26
|
0.52
|
1.05
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.55
|
1.15
|
3.27
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.61
|
2.08
|
2.34
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
7,270.285 |
7,844.193 |
4,844.737 |
|
|
|
7.894 |
(38.238) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
7,270.285 |
7,844.193 |
4,844.737 |
|
Profit After Tax |
102.691 |
76.813 |
48.145 |
|
|
1.41% |
0.98% |
0.99% |
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
Note :
Registered office of the company has been
shifted from Shantiniketan Suite No. – 10, 1st Floor, 8 Camac
Street, Shakespear Sarani, Kolkata – 700017, West Bengal, India to the present
address w.e.f. 01.08.2006.
UNSECURED LOAN:
(Rs. In Millions)
|
Particulars |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Long Term
Borrowing |
|
|
|
Deposits from others |
0.000 |
6.800 |
|
Loans and advances from directors |
131.600 |
127.300 |
|
Total |
131.600 |
134.100 |
VIEW INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10403458 |
17/01/2013 |
150,000,000.00 |
Standard
Chartered Bank |
SME Banking, 19 N
S Road, KOLKATA, West Bengal - |
B68304708 |
|
2 |
10206710 |
29/11/2012 * |
330,000,000.00 |
Citi Bank N.A. |
Kanak Building,
41 Chowringhee Road, Kolkata, Wes |
B65932790 |
|
3 |
10177021 |
01/10/2009 |
10,000,000.00 |
STANDARD
CHARTERED BANK |
CREDIT RISK
CONTROL, NARAIN MANZIL, 23 BARAKHAMBA |
A70341516 |
|
4 |
90248923 |
20/09/2005 |
6,000,000.00 |
THE HONGKONG AND
SHANGHAI BANKING CORPO LTD |
31 BBD BAG, KOLKATA,
West Bengal - 700001, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
·
Computer Systems
·
Air Conditioner and Water Cooler
·
Fax Machine
·
Furniture and Fixture
·
Office Equipments
·
Maruti Cargo Van
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 : |
NYA |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
34 |
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.