MIRA
INFORM REPORT
|
Report Date : |
06.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
ROHM AND HAAS ( |
|
|
|
|
Registered
Office : |
1st
Floor, Block B, Godrej IT Park, 02, Godrej, Business District, Pirojsha Nagar,
Vikhroli (West), Mumbai – 400079, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
14.03.1995 |
|
|
|
|
Com. Reg. No.: |
11-132718 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.3259.073 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231MH1995PTC132718 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR14396E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR2855F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is engaged in the business of manufacturing, trading and
marketing of 'Speciality Materials' |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 8911000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
Litigation : |
Clear |
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|
|
Comments : |
Subject is a part of “ROHM and Hass Worldwide”. It is an established company having a moderate track record. There appears
accumulated losses recorded by the company. However, the capital base of the company seems to be strong. Trade
relations are reported to be fair. Business is active. Payments are reported
to be slow but correct. The company can be considered for business dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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
The services sector, the largest contributor to India’s GDP, contracted
for the sixth consecutive month in December, as orders dipped. However, hiring has
risen. Direct tax collections rose 12.3 % during the April – December
period of the current financial year. The government has decided to
retain 100 per cent foreign direct investment in both greenfield (new) and
brown field (existing) pharmaceutical companies, despite concerns over genetic
drugs going out of production, if multi-national companies take over domestic
ones. In M&A deals, a non compete clause would not be allowed, except in
special circumstances. The Department of Industrial Policy and Promotion plans
to release the next edition of its consolidated foreign direct investment
policy document on March 31, incorporating changes made in the past year. DIPP
compiles all policies related to India’s FDI regime into a single document to
make it easy for investors to understand. 185 million estimated number of
mobile internet users in India by June 2014, according to a report by the
Internet & Mobile Association of India and IMRB International. India
had 110 million mobile internet users with 25 million in rural areas. $3.77 tn
estimated global IT spending in 2014, according to research firm Gartner Inc.
The growth forecast for this year is cut to 3.1 %from the earlier estimate of
3.5 %. The spending growth forecast for telecom services – a segment that
accounts for more than 40 % at total IT spending – from 1.9 per cent to 1.2 per
cent is the main reason for this overall IT cut. A Reserve Bank of India
committee has recommended setting up a special category of lenders who would
cater to small businesses and households, to expand the number of customers
with access to banking services. These banks would focus onproviding payment
services and deposit products. Indian banks want the free use of
automated teller machines to be capped at five transactions in a month
including that of the bank in which the account is active. This follows state
government order to banks to install security guards at ATM booths after a
woman banker was assaulted in Bangalore. The government is likely to present a
vote on Account in mid-February. The annual Economic Survey will be tabled
later in Parliament along with the full Budget. A full Budget for 2014/15 is
likely to be present in July by the new government formed after the General
Election. The government will soon launch an internet spy system, called Netra,
to detect malafide messages. Security agency will deploy the system to capture
dubious voice traffic on applications such as Skype and Google Talk, as well as
tweeters.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered
Office : |
1st
Floor, Block B, Godrej IT Park, 02, Godrej, Business District, Pirojsha
Nagar, Vikhroli (West), Mumbai – 400079, Maharashtra, India |
|
Tel. No.: |
91-22-67328358 |
|
Mobile No.: |
91-9819000295
(Mr. Zafer Ansari) |
|
Fax No.: |
91-22-67326069 |
|
E-mail: |
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|
Website : |
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|
Area: |
Owned |
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|
|
|
Head Office /
Factory 1 : |
Unit I and II, 2nd
Floor, Building 1, Solitaire Corporate Park, Chakala, Andheri-Kurla Road,
Andheri (East), Mumbai – 400 093, Maharashtra, India |
|
|
|
|
Factory 2 : |
Plot No. T-22/PT,
MIDC Taloja Industrial Area, District Raigad - 410 208, Maharashtra, India |
|
Tel. No.: |
91-22-27412476/
79//15555 |
|
Fax No.: |
91-22-27410564/
67315569 |
|
|
|
|
Manufacturing
Facilities: |
Sriperumbadur, Tamilnadu, India |
DIRECTORS
As on 27.09.2013
|
Name : |
Mr. Anilkumar Amarchand Gupta |
|||||||||||||||||||||||||||
|
Designation : |
Director |
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|
Address : |
Flat No. B 504, Plot No. 2 and 3, Sector 16A, Sanpada, Navi Mumbai -
400705, Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.02.1962 |
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|
Date of Appointment : |
30.06.2009 |
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PAN No.: |
ABJPG0273B |
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DIN No.: |
02188991 |
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Other Directorship :
|
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|||||||||||||||||||||||||||
|
Name : |
Mr. Venkatesan Rajagopalan |
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|
Designation : |
Director |
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|
Address : |
D. No.14, Flat No.6, Simha Chalam Apartments, Appakkannu Street,
Royapettah, Chennai - 600014, Tamilnadu, India |
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|
Date of Birth/Age : |
27.04.1954 |
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Date of Appointment : |
30.06.2009 |
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PAN No.: |
ABSPR2999C |
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DIN No.: |
02691467 |
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|
|||||||||||||||||||||||||||
|
Name : |
Mr. Belur Kirshna Murthy Sethuram |
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|
Designation : |
Managing Director |
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|
Address : |
Flat No.602, 6th Floor, Casablanca, New Sonoo Co-operative
Housing Society, 28th Road, Bandra (West), Mumbai - 400050,
Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.04.1962 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
18.10.2011 |
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PAN No.: |
BMIPS4492R |
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|
DIN No.: |
03498701 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2013
|
Names of Shareholders |
No. of Shares |
|
Rohm and Haas |
325902323 |
|
Rohm and Haas |
5000 |
|
|
|
|
Total |
325907323 |
As on 27.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturing, trading and
marketing of 'Speciality Materials' |
||||||
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|
||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
·
Standard Chartered Grindlays Bank Limited, ·
Citi Bank N. A. |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered
Accountants |
|
Address : |
12, Dr. Annie Besant Road, Opposite Shiv Sagar Estate, Worli, Mumbai - 400 018, Maharashtra, India |
|
PAN
No. : |
AACFD4815A |
|
|
|
|
|
|
|
Ultimate Holding Company: |
The Dow Chemical Company, USA |
|
|
|
|
Holding Company: |
Rohm and Haas India Investment ApS, Denmark |
|
|
|
|
Fellow Subsidiary: |
·
ACIMA Chemical Industries Limited, Switzerland ·
Beijing Eastern Rohm and Haas Company Limited
(BERHC), China ·
Dow Agrosciences India Private Limited, India CIN: U01110MH1994PTC083566 ·
Dow Agrosciences LLC, United States ·
Dow Chemical (China) Company Limited, China ·
Dow Chemical International Private Limited, India
CIN: U24239MH1998PTC113551 ·
Dow Chemical Korea Limited, Korea ·
Dow Chemical Pacific Limited, Hong Kong ·
Dow Chemical Pacific(Singapore) Pte Limited,
Singapore ·
Dow Chemical Taiwan Limited, Taiwan ·
Dow Chemical Thailand Limited, Thailand ·
Dow Europe GmbH, Switzerland ·
Dow France S.A.S. France ·
Hampshire Chemical Corp, United State ·
PT. Rohm and Haas Indonesia ·
Rohm and Haas Japan KK ·
Rohm and Haas (China) Holding Company Limited,
China ·
Rohm and Haas (Scotland) Limited, United Kingdom ·
Rohm and Haas (UK) Limited ·
Rohm and Haas Australia Pty Limited, Australia ·
Rohm and Haas B.V. Netherlands ·
Rohm and Haas Chemical (Thailand) Limited ·
Rohm and Haas Chemicals LLC, USA, United States ·
Rohm and Haas China Inc. China ·
Rohm and Haas China Research and Development
Centre, China ·
Rohm and Haas Company ER, United States ·
Rohm and Haas Company, USA, United States ·
Rohm and Haas Electronic Materials Singapore Pte.
Limited, Singapore ·
Rohm and Haas Electronic Materials, LLC, United
States ·
Rohm and Haas Europe Services ApS, Deutsche,
Denmark ·
Rohm and Haas Europe Trading ApS - Nederland
Branch ·
Rohm and Haas Europe Trading ApS - Succursale
France ·
Rohm and Haas Europe Trading ApS-Belgium Branch ·
Rohm and Haas Europe Trading ApS-Deutsche ·
Rohm and Haas Europe Trading ApS-Sede Secondaria
Italiana ·
Rohm and Haas European Trading ApS, Copenhagen,
Denmark ·
Rohm and Haas Foshan Specialty Materials Company
Limited, China ·
Rohm and Haas France S.A.S. France ·
Rohm and Haas International Trading (Shanghai)
Company Limited ·
Rohm and Haas Italia S.r.l ·
Rohm and Haas Kimyasal Urunler Uretim Dagitim ve
Ticaret A.S. ·
Rohm and Haas Korea Company Limited ·
Rohm and Haas Mexico, S. de R.L,.de C.V. ·
Rohm and Haas New Zealand Limited ·
Rohm and Haas Philipines Inc. ·
Rohm and Haas Quimica Ltda. ·
Rohm and Haas Shanghai Chemical Industry Company
Limited ·
Rohm and Haas Singapore (Pte.) Limited ·
Rohm and Haas South Africa (PTY) Limited ·
Rohm and Haas Taiwan, Inc. ·
Rohm and Haas Texas Incorporated ·
Rohm and Haas Trading ApS UK Branch ·
Rohm and Haas Vietnam Company Limited ·
UCAR Emulsion Systems FZE ·
Union Carbide Corporation |
|
|
·
|
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
330000000 |
Equity Shares |
Rs.10/- each |
Rs.3300.000 Millions |
|
55000000 |
Preferences Shares |
Rs.10/- each |
Rs.550.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.3850.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
325907323 |
Equity Shares |
Rs.10/- each |
Rs.3259.073 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 |
3259.073 |
3259.073 |
3259.073 |
|
(b) Reserves & Surplus |
(1031.190) |
(1232.888) |
(1018.999) |
|
(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) |
2227.883 |
2026.185 |
2240.074 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
11.947 |
13.521 |
10.405 |
|
Total Non-current Liabilities (3) |
11.947 |
13.521 |
10.405 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1329.025 |
2156.644 |
1140.000 |
|
(b) Trade payables |
2671.580 |
1905.208 |
1763.186 |
|
(c) Other current
liabilities |
112.508 |
160.092 |
163.061 |
|
(d) Short-term provisions |
25.070 |
10.704 |
14.403 |
|
Total Current Liabilities (4) |
4138.183 |
4232.648 |
3080.650 |
|
|
|
|
|
|
TOTAL |
6378.013 |
6272.354 |
5331.129 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1054.971 |
1193.824 |
1357.371 |
|
(ii) Intangible Assets |
1.273 |
1.825 |
0.000 |
|
(iii) Capital
work-in-progress |
43.040 |
49.886 |
39.373 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
59.159 |
36.320 |
16.176 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1158.443 |
1281.855 |
1412.920 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1989.133 |
1697.453 |
1254.737 |
|
(c) Trade receivables |
2360.472 |
2490.177 |
1754.350 |
|
(d) Cash and cash equivalents |
84.070 |
37.107 |
167.390 |
|
(e) Short-term loans and
advances |
749.654 |
710.857 |
706.462 |
|
(f) Other current assets |
36.241 |
54.905 |
35.270 |
|
Total Current Assets |
5219.570 |
4990.499 |
3918.209 |
|
|
|
|
|
|
TOTAL |
6378.013 |
6272.354 |
5331.129 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
8740.000 |
7707.500 |
6382.600 |
|
|
|
Other Income |
13.100 |
136.900 |
17.300 |
|
|
|
TOTAL |
8753.100 |
7844.400 |
6399.900 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
8264.000 |
7718.300 |
5906.700 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
489.100 |
126.100 |
493.200 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
203.100 |
152.800 |
38.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
286.000 |
(26.700) |
455.200 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
183.200 |
187.200 |
193.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
102.800 |
(213.900) |
262.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
102.800 |
(213.900) |
262.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
1019.000 |
(1281.000) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
1019.000 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
NA |
NA |
1444.800 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
0.66 |
0.77 |
|
%20PRIVATE%20LIMITED%20-%20253111%2006-Feb-2014_files/image001.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20253111%2006-Feb-2014_files/image002.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20253111%2006-Feb-2014_files/image003.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.17
|
(2.73) |
4.09 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.18
|
(2.77) |
4.10 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.62
|
(3.43) |
4.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
(0.10) |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.60
|
1.06 |
0.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26
|
1.18 |
1.27 |
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 |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NOTE:
The registered office of the company has been shifted from Corporate Park,
Unit No. 1, V. N. Purav Marg, Chembur - 400093, Mumbai, Maharashtra, India to the present address w.e.f.
02.05.2012
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Working capital loans from bank |
79.025 |
506.644 |
|
Loans repayable on demand |
400.000 |
0.000 |
|
Loans and advance from related parties |
850.000 |
1650.000 |
|
|
|
|
|
Total |
1329.025 |
2156.644 |
INDEX OF CHARGES
No Charges Exist for Company
COMPANY BACKGROUND
The Company was incorporated on14th March, 1995
as a private limited company. The Company is engaged in the business of
manufacturing, trading and marketing of 'Speciality Materials' and has two
manufacturing facilities at Taloja, Maharashtra and Sriperumbadur, Tamil Nadu.
FINANCIAL PERFORMANCE:
The Company
continued its excellent run in sales performance this year also. The sales at
Rs. 9550.000 millions have risen by about 14% as compared to Rs. 8408.600
millions. With the growth in sales the profit before depreciation, interest and
tax at 489.100 millions has taken a quantum leap of 4 times as compared to the
previous year.
CONTINGENT
LIABILITIES
|
Particular |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
Sales tax
demands disputed in appeals (These mainly
relates to short credit allowed for tax paid, non-submission of 'C' forms,
differential tax rates and incorrect disallowance of set-off on purchase of
raw materials.) The Company is confident of successfully contesting the
appeals and does not expect the liability to crystallise |
31565648 |
62781290 |
|
Arrears of
dividend on 10% cumulative redeemable preference shares of Rs.10/- each (upto
23rd March, 2011) (On 3rd January, 2011, the terms of 10%
cumulative redeemable preference shares had been changed from 'Redeemable' to
'Convertible at the option of the company on or before 31st March, 2011'. The
option was excercised and accordingly the Company allotted equal number of
equity shares of Rs.10/- each at par on 23rd March, 2011) |
265742992 |
265742992 |
FIXED ASSETS
·
Land
·
Buildings
·
Factory building
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Motor vehicles
·
Office equipment
·
Computer Equipments
·
Other Equipments
·
Leasehold improvements
·
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.62.45 |
|
|
1 |
Rs.102.01 |
|
Euro |
1 |
Rs.84.35 |
INFORMATION DETAILS
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
32 |
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.