|
Report Date : |
29.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
MULTI ORGANICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
503, Keshava, Bandra-Kurla Complex, Bandra (East), Mumbai-400051, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
09.06.1976 |
|
|
|
|
Com. Reg. No.: |
11-019067 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.9.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100MH1976PTC019067 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM20905D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM4507D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Supplier of Advance Intermediates and Fine Chemicals to
the Global Pharmaceutical, Agro Chemical and Colorant Industry. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is well-established company having satisfactory track record. The management has failed to file its financial record with government
department for the year 2014. As per available financial record of 2013, general financial position of
the company seems to be sound and healthy. Profitability of the company is
decent. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealing 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.
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 DECLINED BY
|
Name : |
Mr. S K Mishra |
|
Designation : |
Chartered Accountant |
|
Contact No.: |
91-22-26590172 |
|
Date : |
30.12.2013 |
LOCATIONS
|
Registered Office : |
503, Keshava, Bandra-Kurla Complex, Bandra (East), Mumbai-400051, |
|
Tel. No.: |
91-22-26590172/ 0353/ 0118/ 42354070 |
|
Fax No.: |
91-22-66954585 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
A1, MIDC, |
|
Tel. No.: |
91-7172-287618/ 287619 |
|
Fax No.: |
91-7172-287617 |
|
Email : |
|
|
Area : |
10 acre |
|
Location : |
Owned |
DIRECTORS
As on 17.09.2013
|
Name : |
Mr. Baburao Vishwanath Birewar |
|
Designation : |
Director |
|
Address : |
B- 103 Kalpatru Residency, Kamani Marg, Sion (East), Mumbai-400022, |
|
Date of Birth/Age : |
28.11.1934 |
|
Date of Appointment : |
09.06.1976 |
|
Din No.: |
00023335 |
|
PAN No.: |
AAAPB5405C |
|
|
|
|
Name : |
Mr. Deepak Birewar |
|
Designation : |
Director |
|
Address : |
93/ B Kalpatru Residency, Kamani Marg, Sion (East), Mumbai-400022, |
|
Date of Birth/Age : |
29.10.1962 |
|
Qualification : |
PHD From |
|
Date of Appointment : |
30.09.2003 |
|
Din No.: |
00023388 |
|
PAN No.: |
AHAPB8193L |
|
|
|
|
Name : |
Mr. Ajit Manohar Naik |
|
Designation : |
Director |
|
Address : |
63/ B Kalpatru Residency, Kamani Marg, Sion (East), Mumbai-400022, |
|
Date of Birth/Age : |
09.06.1960 |
|
Qualification : |
B. Tech, MBA |
|
Date of Appointment : |
01.04.1993 |
|
Din No.: |
00023423 |
|
PAN No.: |
AABPN8783C |
|
|
|
|
Name : |
Mr. Prakash Vithalrao Kondawar |
|
Designation : |
Director |
|
Address : |
415-A-Wing, 4th Floor, Himeshikhar Apartments, 11, Shivaji Nagar,
Nagpur-440010, |
|
Date of Birth/Age : |
29.09.1943 |
|
Date of Appointment : |
09.06.1976 |
|
Din No.: |
00029773 |
|
PAN No.: |
AMNPK4850D |
|
|
|
|
Name : |
Mr. Abhijeet Baburao Birewar |
|
Designation : |
Managing Director |
|
Address : |
1130-B-Kalpataru Residency, Kamani Marg, Near Sioncircle, Sion (East),
Mumbai-400022, |
|
Date of Birth/Age : |
03.12.1969 |
|
Qualification : |
M.S.C in Chemicals From |
|
Date of Appointment : |
01.08.2011 |
|
Din No.: |
00029984 |
|
PAN No.: |
AAIPB5291J |
|
|
|
|
Name : |
Mrs. Alka Baburao Birewar |
|
Designation : |
Director |
|
Address : |
103, Tower B, Kalpataru Residen, |
|
Date of Birth/Age : |
01.04.1941 |
|
Date of Appointment : |
09.06.1976 |
|
Din No.: |
00030090 |
|
PAN No.: |
AAJPB8081B |
KEY EXECUTIVES
|
Name : |
Mr. S K Mishra |
|
Designation : |
Chartered Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 17.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Baburao Vishawanath Birewar |
|
68440 |
|
Baburao Vishawanath Birewar/ Alka Baburao Birewar |
|
280 |
|
Baburao Vishawanath Birewar/ Deepak Baburao Birewar |
|
1500 |
|
Alka B Birewar |
|
58420 |
|
Alka B Birewar / Baburao Vishawanath Birewar |
|
55200 |
|
Alka Birewar / Abhijeet B Birewar |
|
1500 |
|
Baburao Vishawanath Birewar (HUF) |
|
37120 |
|
Abhijeet Baburao Birewar |
|
459035 |
|
Deepak Baburao Birewar |
|
24255 |
|
Rasika Abhijeet Birewar |
|
375 |
|
Neeta Ajit Naik |
|
6375 |
|
Ajit M Naik |
|
3500 |
|
Abhideep Chemicals Private Limited |
|
52160 |
|
Prakash Vithal Rao Kondawar |
|
6400 |
|
Anuprita Prakash Kondawar |
|
2400 |
|
Vijay Vithalrao Kondawar |
|
8960 |
|
Vrushali Vijay Kondawar |
|
13440 |
|
Shyam Gangadhar Pampattiwar |
|
26880 |
|
Ashatai Gangadhar Pampattiwar |
|
26880 |
|
Vasudha Sharadrao Utturwar |
|
3600 |
|
Mangala Vasantroa Mukewar |
|
8480 |
|
Nalini Dattatray Gangshettiwar |
|
8400 |
|
Trimbakrao Devidas Kunnawar / Ashatai Trimbakrao Kunnawar. |
|
22400 |
|
Vasudha Dattatraya Kancharlawar |
|
2000 |
|
Dattatraya Janardhan Kancharlawar |
|
2000 |
|
|
|
|
|
TOTAL
|
|
900000 |
Equity Share Break up (Percentage of Total Equity)
As on 17.09.2013
|
Category |
Percentage |
|
Bodies corporate |
5.80 |
|
Directors or relatives of Directors |
94.20 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Advance Intermediates and Fine Chemicals
to the Global Pharmaceutical, Agro Chemical and Colorant Industry. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Not Divulged |
|
Countries : |
Not Divulged |
|
|
|
|
Imports : |
|
|
Products : |
Not Divulged |
|
Countries : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
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||||||||||||||||||||||||||||||||||||||||||||
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No. of Employees : |
Information declined by the management. |
||||||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Kanu Doshi Associates Chartered Accountant |
|
Address : |
203, The Summit, Level 2, F Wing, Samarth Nagar, Hanuman Road, Western
Express Highway, Vile Parle (East), Mumbai-400057, Maharashtra, India |
|
Tel. No.: |
91-22-26150100 |
|
Fax No.: |
91-22-26150113 |
|
E-Mail : |
|
|
Website: |
|
|
PAN No: |
AAAFK1583C |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and
their relatives: |
·
Abhideep Chemicals Private Limited, India CIN: U24110MH1986PTC041439 ·
Inventys Research Company Private Limited, India CIN: U74210MH2005PTC157304 |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
980000 |
Equity Shares |
Rs.10/- each |
Rs.9.800 Millions |
|
2000 |
Preferences Shares |
Rs.100/- each |
Rs.0.200 Million |
|
|
TOTAL
|
|
Rs.10.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
900000 |
Equity Shares |
Rs.10/- each
|
Rs.9.000
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 |
9.000 |
9.000 |
9.000 |
|
(b) Reserves & Surplus |
433.484 |
360.533 |
354.192 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
442.484 |
369.533 |
363.192 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
26.646 |
37.926 |
40.725 |
|
(b) Deferred tax liabilities (Net) |
17.103 |
13.765 |
16.145 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
11.499 |
11.606 |
12.731 |
|
Total Non-current Liabilities (3) |
55.248 |
63.297 |
69.601 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
11.039 |
15.578 |
3.377 |
|
(b) Trade payables |
150.689 |
176.676 |
154.477 |
|
(c) Other current
liabilities |
13.959 |
13.703 |
20.215 |
|
(d) Short-term provisions |
14.137 |
3.485 |
6.498 |
|
Total Current Liabilities (4) |
189.824 |
209.442 |
184.567 |
|
|
|
|
|
|
TOTAL |
687.556 |
642.272 |
617.360 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
149.384 |
138.413 |
143.668 |
|
(ii) Intangible Assets |
0.074 |
0.018 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
12.082 |
7.028 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
160.656 |
113.727 |
119.902 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
12.369 |
13.297 |
10.695 |
|
(e) Other Non-current assets |
1.540 |
0.044 |
0.034 |
|
Total Non-Current Assets |
324.023 |
277.581 |
281.327 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
93.677 |
136.429 |
115.742 |
|
(c) Trade receivables |
190.476 |
147.985 |
137.486 |
|
(d) Cash and cash equivalents |
7.104 |
3.064 |
18.491 |
|
(e) Short-term loans and
advances |
64.841 |
66.178 |
59.491 |
|
(f) Other current assets |
7.435 |
11.035 |
4.823 |
|
Total Current Assets |
363.533 |
364.691 |
336.033 |
|
|
|
|
|
|
TOTAL |
687.556 |
642.272 |
617.360 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales (Net) |
1021.932 |
791.847 |
791.317 |
|
|
|
Other Income |
7.235 |
10.283 |
18.057 |
|
|
|
TOTAL (A) |
1029.167 |
802.130 |
809.374 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
(Increase) /
Decrease in Inventories |
21.318 |
4.964 |
-35.728 |
|
|
|
Cost of
materials consumed |
649.463 |
501.297 |
519.580 |
|
|
|
Cost of Traded Goods |
0.998 |
3.228 |
18.802 |
|
|
|
Employee
benefits expense |
61.602 |
46.343 |
49.512 |
|
|
|
Manufacturing
and Other Expenses |
233.716 |
222.608 |
217.253 |
|
|
|
Exceptional
items |
-53.715 |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
913.382 |
778.440 |
769.419 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
115.785 |
23.690 |
39.955 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.943 |
1.470 |
1.701 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
113.842 |
22.220 |
38.254 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
17.204 |
19.401 |
20.973 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
96.638 |
2.819 |
17.281 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
21.595 |
(2.952) |
10.326 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
75.043 |
5.771 |
6.955 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
1.800 |
0.090 |
0.900 |
|
|
|
Tax on Proposed Dividend |
0.292 |
0.015 |
0.146 |
|
|
|
Transfer to General Reserve |
72.500 |
0.365 |
0.700 |
|
|
BALANCE CARRIED
TO THE B/S |
0.451 |
5.302 |
5.209 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
83.38 |
6.41 |
7.73 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
7.29
|
0.72 |
0.86 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.46
|
0.36 |
2.18 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
18.34
|
0.55 |
3.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22
|
0.01 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.09
|
0.14 |
0.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.92
|
1.74 |
1.82 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
||
|
Current maturities of long-term debt |
0.000 |
0.000 |
NA
|
|
|
|
|
|
|
Total |
0.000 |
0.000 |
NA
|
|
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 |
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 |
Yes |
|
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 |
Yes |
OPERATIONS
During the year
the company has earned a profit of Rs. 96.638 Millions including other income, as
compared to the Profit during the previous year of Rs.2.819 Millions. The total
sales during the year has increased to Rs.1021.932 Millions as compared to
Rs.791.847 Millions during the previous year, resulting an increase of 29.06%
in comparison to the previous year inspite of the overall recessionary trends
in the global chemical industry.
During the year
the company followed on its consistent approach to reduce costs via Continuous
Process Improvement and Energy Conservation.
Raw material
prices continued to remain firm during the year, thereby affecting margins. The
management lays emphasis on long term relationships with suppliers of critical
raw materials.
PROJECT AND FUTURE
PLANS:
The company
intends to continue its efforts in maintaining a leadership position in the
Beta Naphthol and allied intermediates business. They intend to continue to cut
costs and offer the products at globally competitive pricing. Efforts at
promoting export of Beta Naphthol and other products met with good success during
the year.
The company is
using the R and D facility to continuously look for new products mix, improve
existing processes, reduce effluents generation, amongst others as per
International standards. A new range of products for the Cosmetic and Pharma industry
have been launched. These should start contributing to our growth from later
this year.
Modernisation and
Automation of manual processes for improved operational efficiency, was
continued during the year. The company is also exploring newer growth areas
such as contract manufacturing / manufacturing outsourcing by engaging global
chemical companies for manufacturing contracts. The company is actively
pursuing the development of 5-6 new products under this category.
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Deferred sales tax loan |
26.646 |
34.476 |
|
Loans and advances from related parties |
0.000 |
3.450 |
|
Short-term
borrowings |
|
|
|
Loans and advances from directors |
3.450 |
0.000 |
|
|
|
|
|
Total |
30.096 |
37.926 |
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90152802 |
10/01/1992 |
2,500,000.00 |
BANK OF MAHARASHTRA |
CHANDRAPUR, CHANDRAPUR, Maharashtra, INDIA |
- |
|
2 |
90154141 |
13/01/1998 * |
2,500,000.00 |
BANK OF MAHARASHTRA |
BANDRA, MUMBAI, Maharashtra - 400051, INDIA |
- |
|
3 |
90152725 |
27/09/2012 * |
100,000,000.00 |
BANK OF MAHARAHTRA |
KALANAGAR, BANDRA EAST, MUMBAI, Maharashtra - 400 |
B61750428 |
|
4 |
90152724 |
16/08/1989 * |
3,500,000.00 |
BANK OF MAHARASHTRA |
KALANAGAR BRANCH, BANDRA, BOMBAY, Maharashtra - 4 |
- |
|
5 |
90152656 |
17/11/2005 * |
300,000.00 |
BANK OF MAHARASTHA |
KALA NAGAR BANDRA EAST, MUMBAI, Maharashtra - 4000 |
- |
|
6 |
90154105 |
01/10/1986 * |
300,000.00 |
BANK OF MAHARASHTRA |
CHANDRAPUR BRANCH, CHANDRAPUR, Maharashtra, INDIA |
- |
|
7 |
90154756 |
05/03/1986 * |
2,730,000.00 |
THE STATE INDUSTRIAL INVESTMENT CORPORATION OF M. |
NARIMAN POINT, BOMBAY, Maharashtra - 400021, INDIA |
- |
* Date of charge modification
FIXED ASSETS
Tangible assets
·
Land
·
Buildings
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer equipments
Intangible assets
·
Computer software
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.63.63 |
|
|
1 |
Rs.98.98 |
|
Euro |
1 |
Rs.77.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SPR |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
48 |
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.