1. Summary Information
|
|
|
Country |
India |
|
Company Name |
SL LUMAX LIMITED |
Principal Name 1 |
Soo Hwang Lee |
|
Status |
Good |
Principal Name 2 |
Shin Jungyoung |
|
|
|
Registration # |
18-048136 |
|
Street Address |
G-15, SIPCOT Industrial
Park, Irungattukottai, Sriperumudur (Taluka), Kancheepuram (District) - 602105, Tamilnadu |
||
|
Established Date |
08.08.1997 |
SIC Code |
-- |
|
Telephone# |
91-44-47104170 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-44-47100815 |
Business Style 2 |
---- |
|
Homepage |
Product Name 1 |
Auto Components Lamps |
|
|
# of employees |
Not Available |
Product Name 2 |
Chasis Parts and Gear Shift |
|
Paid up capital |
Rs.
155,000,000/- |
Product Name 3 |
--- |
|
Shareholders |
Foreign Holding 78.72%, Bodies Corporate 21.26% |
Banking |
Industrial
Development Bank of India |
|
Public Limited Corp. |
No |
Business Period |
16 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba (52) |
|
Related
Company |
|||
|
Relation
Holding
Company |
Country
Korea
|
Company
Name SL
Corporation |
CEO -- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,197,734,000 |
Current Liabilities |
889,820,000 |
|
Inventories |
389,884,000 |
Long-term Liabilities |
17,571,000 |
|
Fixed Assets |
1,800,292,000 |
Other Liabilities |
309,430,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
1,216,821,000 |
|
Invest& other Assets |
56,917,000 |
Retained Earnings |
2,073,006,000 |
|
|
|
Net Worth |
2,228,006,000 |
|
Total Assets |
3,444,827,000 |
Total Liab. & Equity |
3,444,827,000 |
|
Total Assets (Previous Year) |
3,506,563,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
6,993,726,000 |
Net Profit |
457,794,000 |
|
Sales(Previous yr) |
6,112,390,000 |
Net Profit(Prev.yr) |
464,187,000 |
|
Report Date : |
13.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
SL LUMAX LIMITED (w.e.f.23.11.2004) |
|
|
|
|
Formerly Known As
: |
LUMAX SAMLIP INDUSTRIES
LIMITED |
|
|
|
|
Registered
Office : |
G-15, SIPCOT Industrial Park, Irungattukottai, Sriperumudur (Taluka),
Kancheepuram (District) - 602105,
Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
08.08.1997 |
|
|
|
|
Com. Reg. No.: |
18-048136 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.155.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34300TN1997PLC048136 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEL02080B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACL1857B |
|
|
|
|
Legal Form : |
A Closely Held Public
Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in Manufacturing of Auto Components Lamp, Chasis
Parts and Gear Shift. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 9000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having fine track record. Financial position of the company is good. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. 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.
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 worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under
control, said the agency. Ratings firm Crisil has forecast 6 % growth for
2014/15 up from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital firms
in India during 2013, registering a drop of about 18 % over the previous year.
The Information Technology and IT-Enabled Services Industry retained its
status as the favourable venture capital investors in 2013. Pakistan has
temporarily banned gold imports for the second time in six months, as it tries
to stem smuggling into India. India’s import duty on gold is 10 % and curbs on
purchases have dried up legal imports into what used to be the world’s biggest
bullion buyers. The World Gold Council puts the amount smuggled into India at
upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed
bank deposits estimated to be about Rs 35000 mn be used for education and
awareness among depositors. According to the plan, deposits that have not
been claimed for at least 10 years will be transferred to the scheme.
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/ Factory : |
G-15, SIPCOT Industrial Park, Irungattukottai, Sriperumudur (Taluk), Kancheepuram
(District) - 602 105, Tamilnadu, India
|
|
Tel. No.: |
91-44-47104170/ 47104100/ 47100801 / 47104112 |
|
Fax No.: |
91-44-47100815 |
|
E-Mail : |
|
|
Website: |
DIRECTORS
As On 30.09.2013
|
Name : |
Mr. Soo Hwang Lee |
|
Designation : |
Managing Director |
|
Address : |
Flat No.604, 6th Floor, “Meridian Heights”, 156/154, Peters
Road, Rayapetthah, Chennai – 600 014, Tamilnadu, India |
|
Date of Birth/Age : |
10.12.1958 |
|
Date of Appointment : |
16.04.2009 |
|
DIN No.: |
02645577 |
|
|
|
|
Name : |
Mr. Shin Jungyoung |
|
Designation : |
Executive Director |
|
Address : |
Flat No.6/A-1, “A-Block”, “SI GRACE MANOR”, Malaviya Nagar,
Thiruvanmiyur, Chennai – 600 0041, Tamilnadu, India |
|
Date of Birth/Age : |
28.12.1965 |
|
Date of Appointment : |
20.08.2010 |
|
DIN No.: |
03266753 |
|
|
|
|
Name : |
Mr. Amarnath Lalchand Lulla |
|
Designation : |
Director |
|
Address : |
3rd Floor, “Gurukripa”, 7- Vellayan Road, Kotturpuram
Chennai-600085, Tamilnadu, India |
|
Date of Birth/Age : |
28.11.1937 |
|
Date of Appointment : |
01.07.2004 |
|
DIN No.: |
00007490 |
|
Name : |
Mr. Dhanesh Kumar Jain |
|
Designation : |
Director |
|
Address : |
L1/26, Aakashneem Marg, DLF City, Phase-IIO, Gurgaon - 122 002,
Haryana, India |
|
Date of Birth/Age : |
11.08.1942 |
|
Date of Appointment : |
08.08.1997 |
|
DIN No.: |
00085848 |
|
Name : |
Mr. Samboor Vadakarai Raja Krishnan |
|
Designation : |
Director |
|
Address : |
No. 26 (Old No. 16) New Bangaru Colony, K K Nagar (West),
Chennai-600078, Tamilnadu, India |
|
Date of Birth/Age : |
06.07.1943 |
|
Date of Appointment : |
31.03.2003 |
|
DIN No.: |
01261930 |
|
Name : |
Mr. Choong Kon Lee |
|
Designation : |
Director |
|
Address : |
236-3 (13/3), Nowon-Dong, 3 (SAM)-GA, BUK-GU, DAEGU, South Korea |
|
Date of Birth/Age : |
05.08.1944 |
|
Date of Appointment : |
04.10.1997 |
|
DIN No.: |
01965444 |
|
|
|
|
Name : |
Mr. Deepak Jain |
|
Designation : |
Director |
|
Address : |
Form No. 23, Road No. 1, Silver Oak Marg, Ghitomi, New Delhi-110030,
India |
|
Date of Birth/Age : |
04.06.1975 |
|
Date of Appointment : |
14.05.2012 |
|
DIN No.: |
00004972 |
|
|
|
|
Name : |
Mr. Nam Dongsoo |
|
Designation : |
Whole Time Director |
|
Address : |
2-B, Shreshta Grande, Plot No.789, Aibea Nagar, 4th Main Road,
Thiruvanmiyar, Chennai, Tamilnadu, India |
|
Date of Birth/Age : |
17.10.1974 |
|
Date of Appointment : |
29.03.2011 |
|
DIN No.: |
03500410 |
MAJOR SHAREHOLDERS
As On 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Lumax Industries Limited, India |
|
3298926 |
|
Deepak Jain |
|
10 |
|
Dhanesh Kumar Jain |
|
10 |
|
R.P. Agarwal |
|
10 |
|
K.N. Gupta |
|
10 |
|
Naval Khanna |
|
10 |
|
K.V. Vijayan |
|
10 |
|
SL Corporation, Korea |
|
12200964 |
|
J. Eugene Vijaykumar |
|
10 |
|
VVR Bharani Kumar |
|
10 |
|
R. Murali |
|
10 |
|
R. Malathi |
|
10 |
|
V. Ravi Sarma |
|
10 |
|
|
|
|
|
TOTAL
|
|
15500000 |
As On 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
78.72 |
|
Bodies
Corporate |
21.28 |
|
|
|
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Manufacturing of Auto Components Lamp, Chasis
Parts and Gear Shift. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
Unit |
Actual
Production |
|
Head/ Rear Comb/ Fog Lamps etc. |
Nos. |
5373000 |
|
Chasts Parts |
Nos. |
5829000 |
|
Trim Parts |
Nos. |
12491000 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
·
Industrial Development Bank of India, SCO 72-73,
Sector 17B, Bank Square, Chandigarh-160017, India ·
Chohung Bank, 42, Jolly Maker Camber 2, 225,
Nariman Point, Mumbai-400021, Maharashtra, India ·
Shinhan Bank, Mumbai Branch, Maharashtra, India ·
Export Import Bank of Korea ·
Korea Exchange Bank, Bahrain Branch ·
Sinhan Bank, Mumbai Branch, Maharashtra, India ·
ABN Amro Bank NV, Chennai, Tamilnadu, India ·
Indian Overseas Bank, Irrugattukottai Branch ·
HDFC Bank Limited ·
ICICI Bank Limited, Porur Branch ·
The Royal Bank of Scotland N.V., Chennai,
Tamilnadu, India |
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
S. R. Batliboi and Company Chartered Accountant |
|
Address : |
6th and 7th Floor, A Block, Tidel Park No.4,
Rajiv Gandhi Salai, Taramani, Chennai-600113, Tamilnadu, India |
|
PAN No: |
ABSFS4151K |
|
|
|
|
Holding Company : |
·
SL Corporation, Korea |
|
|
|
|
Joint Venture : |
·
Lumax Industries
Limited CIN No.:
L74899DL1981PLC012804 |
|
|
|
|
Affiliate : |
·
HSL Electronics Co. Limited, Korea |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
16000000 |
Equity Shares |
Rs.10/- each |
Rs.160.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15500000 |
Equity Shares |
Rs.10/- each
|
Rs.155.000
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 |
|
|
155.000 |
|
(b) Reserves & Surplus |
|
|
2073.006 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
2228.006 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
17.571 |
|
(b) Deferred tax liabilities (Net) |
|
|
149.873 |
|
(c) Other long term liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
61.252 |
|
Total Non-current Liabilities (3) |
|
|
228.696 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
|
0.000 |
|
(b) Trade
payables |
|
|
768.826 |
|
(c) Other
current liabilities |
|
|
159.557 |
|
(d) Short-term provisions |
|
|
59.742 |
|
Total Current
Liabilities (4) |
|
|
988.125 |
|
|
|
|
|
|
TOTAL |
|
|
3444.827 |
|
|
|
|
|
|
I.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
|
1784.721 |
|
(ii) Intangible
Assets |
|
|
15.571 |
|
(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) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
56.917 |
|
(e) Other Non-current assets |
|
|
0.000 |
|
Total Non-Current
Assets |
|
|
1857.209 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
389.884 |
|
(c) Trade
receivables |
|
|
896.481 |
|
(d) Cash
and cash equivalents |
|
|
238.456 |
|
(e)
Short-term loans and advances |
|
|
62.663 |
|
(f) Other
current assets |
|
|
0.134 |
|
Total Current Assets |
|
|
1587.618 |
|
|
|
|
|
|
TOTAL |
|
|
3444.827 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
155.000 |
155.000 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
1642.233 |
1205.067 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
1797.233 |
1360.067 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
128.350 |
770.535 |
|
|
TOTAL BORROWING |
|
128.350 |
770.535 |
|
|
DEFERRED TAX LIABILITIES |
|
158.158 |
177.039 |
|
|
|
|
|
|
|
|
TOTAL |
|
2083.741 |
2307.641 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
1825.681 |
1702.448 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
435.429
|
245.540
|
|
|
Sundry Debtors |
|
824.542
|
586.444
|
|
|
Cash & Bank Balances |
|
150.573
|
525.504
|
|
|
Other Current Assets |
|
0.006
|
38.757
|
|
|
Loans & Advances |
|
270.332
|
38.451
|
|
Total
Current Assets |
|
1680.882
|
1434.696 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
856.076
|
675.536
|
|
|
Other Current Liabilities |
|
456.414
|
39.931
|
|
|
Provisions |
|
110.332
|
114.036
|
|
Total
Current Liabilities |
|
1422.822
|
829.503
|
|
|
Net Current Assets |
|
258.060
|
605.193
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
2083.741 |
2307.641 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
6993.726 |
6112.390 |
5039.536 |
|
|
|
Other Income |
14.273 |
23.017 |
95.162 |
|
|
|
TOTAL |
7007.999 |
6135.407 |
5134.698 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
5055.322 |
4338.930 |
3502.023 |
|
|
|
Purchases of stock-in-trade |
1.743 |
1.637 |
0.000 |
|
|
|
Employee benefit expense |
327.110 |
299.231 |
278.911 |
|
|
|
Other expenses |
581.280 |
501.231 |
0.000 |
|
|
|
Direct Manufacturing Cost |
0.000 |
0.000 |
0.000 |
|
|
|
Administration Overheads |
0.000 |
0.000 |
456.296 |
|
|
|
Selling and Forwarding Expenses |
0.000 |
0.000 |
0.000 |
|
|
|
Loss on |
0.000 |
0.000 |
0.000 |
|
|
|
Changes in inventories
of finished goods, work-in-progress and stock-in-trade |
21.489 |
(11.301) |
0.000 |
|
|
|
TOTAL |
5986.944 |
5129.728 |
4237.230 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1021.055 |
1005.679 |
897.468 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
26.191 |
39.575 |
13.230 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
994.864 |
966.104 |
884.238 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
300.930 |
282.602 |
241.929 |
|
|
|
|
|
|
|
|
|
|
PRIOR PERIOD
ITEMS |
0.000 |
0.000 |
(113.211) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
693.934 |
683.502 |
529.098 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
236.140 |
219.315 |
206.963 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
457.794 |
464.187 |
322.135 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1601.820 |
1187.864 |
908.947 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
22.890 |
23.209 |
16.107 |
|
|
|
Proposed Final Dividend |
27.022 |
23.250 |
23.250 |
|
|
|
Tax on Dividend |
0.000 |
3.772 |
3.862 |
|
|
BALANCE CARRIED
TO THE B/S |
2009.702 |
1601.820 |
1187.863 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
11.851 |
8.934 |
9.570 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
2322.131 |
2045.397 |
30.532 |
|
|
|
Raw Materials, Components and Paints, etc. |
139.362 |
303.689 |
1225.171 |
|
|
TOTAL IMPORTS |
2461.493 |
2349.086 |
1255.703 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
29.54 |
30.00 |
20.78 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
6.53
|
7.57
|
6.27
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.92
|
11.18
|
10.50
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
20.14
|
19.49
|
16.87
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31
|
0.38
|
0.39
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.01
|
0.07
|
0.57
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.61
|
1.18
|
1.73
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
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 |
No |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOANS
|
Particulars |
As
on 31.03.2013 [Rs.
in Millions] |
|
LONG TERM
BORROWINGS |
|
|
Other external commercial borrowings unsecured |
0.000 |
|
Deferred sales tax loan unsecured |
17.571 |
|
|
|
|
TOTAL
|
17.571 |
|
Particulars |
As
on 31.03.2012 [Rs.
in Millions] |
|
Other external commercial borrowings unsecured |
96.450 |
|
Deferred sales tax loan unsecured |
31.900 |
|
TOTAL
|
128.350 |
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY
FIXED ASSETS
Ø Leasehold Land
Ø Building
Ø Plant and Machinery
Ø Electrical Fittings
Ø Tools and Dies
Ø Factory Equipments
Ø Motor Car
Ø Scooter
Ø Computers
Ø Office Equipments
Ø Furniture and Fixture
Ø Cycle
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.62.13 |
|
|
1 |
Rs.102.25 |
|
Euro |
1 |
Rs.84.72 |
INFORMATION DETAILS
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
52 |
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.