MIRA INFORM REPORT
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Report Date : |
08.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
GARGI HUTTENES
ALBERTUS PRIVATE LIMITED (w.e.f. 31.07.2001) |
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Formerly Known
As : |
GARGI HUTTENES ALBERTUS LIMITED (w.e.f. 01.07.1997) GARGI HUTTENES ALBERTUS PRIVATE LIMITED |
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Registered
Office : |
203, Vasant Vihar Complex, Next to Basant Cinema, Dr. C. Gidwani Road,
Mumbai – 400074, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
07.03.1988 |
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Com. Reg. No.: |
11-046413 |
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Capital
Investment / Paid-up Capital : |
Rs.97.000 Millions |
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CIN No.: [Company Identification
No.] |
U74999MH1988PTC046413 |
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TIN No.: |
Not Available |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMG08652A |
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PAN No.: [Permanent Account No.] |
AAACG3997K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is manufacturing Resins, Reaction-Initiators and Coatings used by foundries. |
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (45) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. There seems some continuous dip in the profit of the company however net
worth of the company is satisfactory. General financial position of the
company is good. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. 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.
EXTERNAL AGENCY RATING
NOT AVAILABLE
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
31-03-2014.
INFORMATION DENIED
Management Non Co-Operative (Tel No.: 91-22-25201596)
LOCATIONS
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Registered Office : |
203, Vasant Vihar Complex, Next to Basant Cinema, Dr. C. Gidwani Road,
Mumbai – 400074, Maharashtra, India |
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Tel. No.: |
91-22-25201596/ 97 / 25201396/ 97 |
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Fax No.: |
91-22-25202706 / 3080 |
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E-Mail : |
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Website : |
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Factory 1 : |
Plot No. D-360/361, M.I.D.C., TTC Industrial Area,
District Navi Mumbai– 400706, |
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Factory 2 : |
Gut No.253, Takai Adushi, Village Atkargaon, Taluka Khalapur, District Raigad -410203, Maharashtra, India |
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Sales Depot : |
No.78 Nehru Street, B.R. Puram, Peelamedu, Coimbatore – 641004, Tamilnadu, India |
DIRECTORS
As on 24.09.2013
|
Name : |
Mr. Vinod Vishwamitra Kapur |
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Designation : |
Chairman cum
Managing Director |
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Address : |
18, Union Park, Chembur,
Mumbai - 400071, Maharashtra, India |
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Date of Birth/Age : |
26.10.1943 |
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Qualification : |
B.Sc. |
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Date of Appointment : |
07.03.1988 |
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PAN No.: |
AADPK3026D |
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Voter ID No.: |
MT07047505690 |
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DIN No.: |
00474054 |
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Name : |
Mr. Vicky Vishwamitra Kapur |
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Designation : |
Managing Director |
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Address : |
18, Union Park,
Chembur, Mumbai - 400071, Maharashtra, India |
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Date of Birth/Age : |
30.10.1952 |
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Qualification : |
B.Sc. |
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Date of Appointment : |
07.03.1988 |
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PAN No.: |
AADPK3025A |
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Voter ID No.: |
MT07047505748 |
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DIN No.: |
00474210 |
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Name : |
Mr. Gaurav Vinod
Kapur |
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Designation : |
Whole Time
Director |
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Address : |
18, Union Park,
Trombay Road, Chembur, Mumbai – 400071, Maharashtra, India |
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Date of Birth/Age : |
16.05.1979 |
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Date of Appointment : |
01.11.2008 |
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PAN No.: |
AAEPK1863D |
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Voter ID No.: |
XYP1143312 |
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DIN No.: |
00034397 |
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Name : |
Mr. Klaus Hermann
Georg Pampel |
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Designation : |
Director |
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Address : |
Stratumer, Strabe
72, Meerbusch-40668, Germany |
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Date of Birth/Age : |
19.10.1949 |
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Qualification : |
B.Sc. |
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Date of Appointment : |
14.02.2005 |
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DIN No.: |
01762246 |
KEY EXECUTIVES
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Name : |
Mr. Santosh |
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Designation : |
Senior Export Manager |
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Name : |
Ms. Shruti Pushkaraj Phule |
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Designation : |
Company Secretary |
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Date of Appointment : |
12.03.2012 |
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PAN No.: |
BPLPP6052C |
MAJOR SHAREHOLDERS
As on 24.09.2013
|
Names of Shareholders |
No. of Shares |
|
Vinod Kapur HUF |
88000 |
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Vicky Kapur HUF |
88000 |
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Vinod Kapur Jointly with Sangeeta Mehra and Suresh Mehra |
1 |
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Huttenes Albertus Chemische Werke Gmbh, Germany |
388000 |
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Vicky Kapur Jointly with Rajkumar Kapur |
1 |
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Varun Kapur Jointly with Namita Kapur |
47839 |
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Vicky Kapur |
154776 |
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Vinod Kapur |
154774 |
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Vinod Kapur Jointly with Sabita Pal
|
2 |
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Vinod Kapur Jointly with Madhuri Mehra
|
1 |
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Vicky Kapur |
1 |
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Vicky Kapur Jointly with Bina Ray |
1 |
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Vicky Kapur |
1 |
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Vicky Kapur Jointly with Vibha Kapur |
1 |
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Vicky Kapur Jointly with Anisha Kapur |
1 |
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Vicky Kapur |
1 |
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Vinod Kapur Jointly with Uma Chopra |
1 |
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Vinod Kapur Jointly with Prem Chopra |
1 |
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Vinod Kapur |
1 |
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Vinod Kapur Jointly with Anjali Kedia |
2 |
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Vinod Kapur Jointly with Gargi Ahluwalia and Hemlata
Kamani |
1 |
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Vinod Kapur Jointly with Anjana Gurbaxani |
2 |
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Vicky Kapur Jointly with Khosla Industries |
1 |
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Vicky Kapur Jointly with |
1 |
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Vicky Kapur Jointly with |
1 |
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Gaurav V. Kapur, Jointly with Vinod Kapur and Geeta Kapur |
47839 |
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Gargi Holdings Private Limited |
750 |
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Total |
970000 |
Equity Share Break up (Percentage of Total Equity)
As on 24.09.2013
|
Category |
Percentage |
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Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
40.00 |
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Directors or relatives of Directors |
60.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
The Company is manufacturing Resins, Reaction-Initiators and Coatings used by foundries. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
Information denied by management |
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Bankers : |
· Development Credit Bank Limited, Vashi Branch, Mumbai – 400703, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
J.V. Sanghvi and Company Chartered Accountants |
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Address : |
Office No.1, Namrata – A, |
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Tel. No. : |
91-22-32449541 |
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PAN
No. : |
AAGPS0434E |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associate : |
CIN No.: U24110MH1977PTC019480
CIN No.: U65990MH1983PTC029733
U27106MH1981PTC024307
CIN No.: U28920MH2000PTC125667
CIN No.: U24100MH1984PTC034540
CIN No.: U27310GJ2006PTC048174
CIN No.: U27107PN2007PTC131045
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Others : |
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CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity Shares |
Rs.100/- each |
Rs.100.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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970000 |
Equity Shares |
Rs.100/- each |
Rs.97.000 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
97.000 |
97.000 |
97.000 |
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(b) Reserves & Surplus |
572.252 |
547.242 |
510.660 |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
669.252 |
644.242 |
607.660 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
1.583 |
9.934 |
25.410 |
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(b) Deferred tax liabilities (Net) |
14.691 |
14.218 |
8.647 |
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(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
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(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
16.274 |
24.152 |
34.057 |
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(4)
Current Liabilities |
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(a) Short
term borrowings |
149.859 |
218.728 |
222.070 |
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(b) Trade
payables |
606.672 |
392.924 |
416.528 |
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(c) Other
current liabilities |
21.472 |
33.090 |
49.829 |
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(d) Short-term
provisions |
26.594 |
21.553 |
42.796 |
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Total Current
Liabilities (4) |
804.597 |
666.295 |
731.223 |
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TOTAL |
1,490.123 |
1,334.689 |
1,372.940 |
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II.
ASSETS |
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(1)
Non-current assets |
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(a) Fixed
Assets |
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(i)
Tangible assets |
256.746 |
275.350 |
248.728 |
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(ii)
Intangible Assets |
0.013 |
0.017 |
0.023 |
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(iii)
Capital work-in-progress |
24.057 |
17.050 |
17.842 |
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(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
5.916 |
5.916 |
5.916 |
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(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
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(d) Long-term Loan and Advances |
5.566 |
4.839 |
4.659 |
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(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
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Total Non-Current
Assets |
292.298 |
303.172 |
277.168 |
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(2)
Current assets |
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(a)
Current investments |
0.000 |
0.000 |
0.000 |
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(b)
Inventories |
170.599 |
113.742 |
182.208 |
|
(c) Trade
receivables |
979.659 |
828.041 |
866.311 |
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(d) Cash
and cash equivalents |
23.206 |
62.888 |
23.043 |
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(e)
Short-term loans and advances |
24.361 |
26.846 |
24.210 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
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Total
Current Assets |
1,197.825 |
1,031.517 |
1,095.772 |
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TOTAL |
1,490.123 |
1,334.689 |
1,372.940 |
PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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SALES |
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Income |
3,529.900 |
3,322.600 |
3,536.900 |
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Other Income |
3.600 |
2.700 |
3.200 |
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TOTAL (A) |
3,533.500 |
3,325.300 |
3,540.100 |
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Less |
EXPENSES |
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TOTAL (B) |
3,361.000 |
3,124.700 |
3,196.800 |
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PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
172.500 |
200.600 |
343.300 |
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Less |
FINANCIAL
EXPENSES (D) |
22.700 |
38.100 |
37.300 |
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PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
149.800 |
162.500 |
306.000 |
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Less |
DEPRECIATION/
AMORTISATION (F) |
24.000 |
24.600 |
23.300 |
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PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
125.800 |
137.900 |
282.700 |
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Less |
TAX (H) |
44.100 |
44.900 |
92.400 |
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PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
81.700 |
93.000 |
190.300 |
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PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
83.400 |
83.900 |
58.200 |
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APPROPRIATIONS |
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Interim Dividend on equity shares |
29.100 |
38.800 |
29.100 |
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Proposed Final Dividend |
19.400 |
9.700 |
29.100 |
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Dividend distribution Tax |
8.200 |
7.900 |
9.400 |
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Transfer to General Reserve |
32.600 |
37.000 |
97.000 |
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BALANCE CARRIED
TO THE B/S |
75.800 |
83.400 |
83.900 |
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Earnings /
(Loss) Per Share (Rs.) |
84.23 |
95.88 |
196.18 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
2.31 |
2.80 |
5.38 |
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Operating Profit Margin (PBIDT/Sales) |
(%) |
4.89 |
6.06 |
9.71 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
8.62 |
10.51 |
20.95 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.21 |
0.47 |
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Debt Equity Ratio (Total Debt /Networth) |
|
0.23 |
0.35 |
0.41 |
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Current Ratio (Current Asset/Current Liability) |
|
1.49 |
1.55 |
1.50 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
97.000 |
97.000 |
97.000 |
|
Reserves & Surplus |
510.660 |
547.242 |
572.252 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
607.660 |
644.242 |
669.252 |
|
|
|
|
|
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Long Term borrowings |
25.410 |
9.934 |
1.583 |
|
Short Term borrowings |
222.070 |
218.728 |
149.859 |
|
Total
borrowings |
247.480 |
228.662 |
151.442 |
|
Debt/Equity
ratio |
0.407 |
0.355 |
0.226 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
3,536.900 |
3,322.600 |
3,529.900 |
|
|
|
(6.059) |
6.239 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
3,536.900 |
3,322.600 |
3,529.900 |
|
Profit |
190.300 |
93.000 |
81.700 |
|
|
5.38% |
2.80% |
2.31% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
Rs.
In Millions
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long term debt |
10.344 |
21.375 |
31.364 |
|
Total |
10.344 |
21.375 |
31.364 |
|
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 |
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Millions |
31.03.2013 Rs. In Millions |
|
SHORT TERM BORROWINGS |
|
|
|
Deposits |
5.671 |
10.965 |
|
Loans and advances from related parties |
56.699 |
81.868 |
|
Total |
62.370 |
92.833 |
CORPORATE
INFORMATION
The Company is manufacturing Resins, Reaction-Initiators and Coatings used by foundries.
Manufacturing plants of the Company are located at a) Plot No.D360/361/362 TTC Indl. Area, Village Kukshet, Nerul,Navi Mumbai-400706 and b) Gut no.253 Takai Adushi, Village-Atkargaon, Taluka-Khalapur, Dist.Raigad-410203
Sales Depot is located at: No.78 Nehru Street, B.R. Puram, Peelamedu, Coimbatore - 641004
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10297047 |
19/07/2011 |
25,200,000.00 |
The Cosmos Co-Operative Bank Limited |
Chembur Branch,Richmond Heights, Central Avenue, Rd, Gr Floor, Plot No 239 Chembur, Mumbai, Maharashtra - 400071, India |
B16803967 |
|
2 |
10277129 |
18/03/2011 |
17,500,000.00 |
The Cosmos Co-Operative Bank Limited |
Chembur Branch,Richmond Heights, Central Avenue, Rd, Gr Floor, Plot No 239 Chembur, Mumbai, Maharashtra - 400071, India |
B09607045 |
|
3 |
10256794 |
13/12/2010 |
21,300,000.00 |
The Cosmos Co-Operative Bank Limited |
Chembur Branch,Richmond Heights, Central Avenue, Rd, Gr Floor, Plot No 239 Chembur, Mumbai, Maharashtra - 400071, India |
B01325919 |
|
4 |
10231466 |
01/07/2010 |
37,500,000.00 |
The Cosmos Co-Operative Bank Limited |
Chembur Branch,Richmond Heights, Central Avenue, Rd, Gr Floor, Plot No 239 Chembur, Mumbai, Maharashtra - 400071, India |
A90158981 |
|
5 |
10029214 |
28/09/2012 * |
120,000,000.00 |
Citibank N.A |
Trent House, 2nd Floor, G Block, Plot No.C60, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra - 400051, India |
B58869694 |
|
6 |
80014721 |
24/10/2005 |
5,000,000.00 |
The Cosmos Co-Operative Bank Limited |
Plot No 208 Ed El Bldg Centre Avenue, Chembur, Mumbai, Maharashtra - 400071, India |
- |
|
7 |
90213844 |
18/05/2009 * |
145,000,000.00 |
The Cosmos Co-Operative Bank Limited |
Richmonds
Heights, Plot No. 239,, Central Avenue |
A62953476 |
|
8 |
90213745 |
27/08/2004 * |
17,000,000.00 |
The Cosmos Co-Operative Bank Limited |
269/270; Shaniwar Peth, Pune, Maharashtra - 411030, India |
- |
|
9 |
90213740 |
20/07/2001 |
6,000,000.00 |
The Cosmos Co-Operative Bank Limited |
269/270; Shaniwar Peth, Pune, Maharashtra - 411030, India |
- |
|
10 |
90213703 |
23/10/2006 * |
77,500,000.00 |
The Cosmos Co-Operative Bank Limited |
Chembur Branch, Mumbai, Maharashtra - 400071, India |
- |
|
1 |
90213579 |
11/07/2000 |
385,000.00 |
Development Credit Bank Limited |
Vashi Branch, Mumbai, Maharashtra - 400703, India |
- |
|
12 |
90214758 |
07/06/1999 |
7,500,000.00 |
Development Credit Bank Limited |
Vashi Branch, Mumbai, Maharashtra - 400703, India |
- |
|
13 |
90214750 |
15/03/1999 |
2,500,000.00 |
Development Credit Bank Limited |
Vashi Branch, Mumbai, Maharashtra - 400703, India |
- |
|
14 |
90213211 |
27/06/1998 |
5,000,000.00 |
The Cosmos Co-Operative Bank Limited |
Dadar (W) Branch, Mumbai, Maharashtra, India |
- |
|
15 |
90213165 |
24/03/1998 |
5,000,000.00 |
The Cosmos Co-Operative Bank Limited |
Dadar (W) Branch, Mumbai, Maharashtra, India |
- |
|
16 |
90213136 |
06/02/1998 |
5,000,000.00 |
The Cosmos Co-Operative Bank Limited |
Dadar (W) Branch, Mumbai, Maharashtra, India |
- |
|
17 |
90212827 |
15/03/1999 * |
2,500,000.00 |
Development Credit Bank Limited |
Vashi Branch, Mumbai, Maharashtra - 400703, India |
- |
|
18 |
90212675 |
30/05/1995 |
3,300,000.00 |
Maharashtra State Financial Corpn. |
New Excelsior Bldg; 5; 7; 8 & 9th Floors, Amrit Keshav Nayak Marg, Mumbai, Maharashtra - 400001, India |
- |
|
19 |
90215944 |
11/08/1989 |
3,600,000.00 |
Maharashtra State Financial Corpn. |
New Excelsior Bldg; 5; 7; 8 & 9th Floors, Amrit Keshav Nayak Marg, Mumbai, Maharashtra - 400001, India |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.85 |
|
|
1 |
Rs.96.72 |
|
Euro |
1 |
Rs.76.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
45 |
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.