MIRA
INFORM REPORT
|
Report Date : |
14.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
BECTOCHEM CONSULTANTS AND ENGINEERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
201, Ashok House,
|
|
|
|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
21.05.2002 |
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|
Com. Reg. No.: |
11-135950 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs. 30.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29297MH2002PTC135950 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB14029B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB7908G |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and
Exporter of Pharmaceutical Machinery and Its Parts, Components etc. |
|
|
|
|
No. of Employees
: |
300
[Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 575000 |
|
|
|
|
Status : |
Satisfactory |
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|
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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.
However, trade relations are reported to be fair. Business is active.
Payments are reported to be usually correct. The company can be considered for normal 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.
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.
INFORMATION PARTED BY
|
Name : |
Mr. M.S. Pandey |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9979870422 |
|
Date : |
13.02.2014 |
LOCATIONS
|
Registered Office : |
201, Ashok House,
|
|
Tel. No.: |
91-22-28500008 |
|
Mobile No.: |
91-9979870422
(Mr. M.S. Pandey) |
|
Fax No.: |
91-22-28506785 |
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E-Mail : |
|
|
Website : |
www.bectochem.com
|
|
Area : |
7500 Sq. Mt. |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
Building 5C / 204,
Mittal Industrial Estate, Andheri – Kurla Road, Andheri (East), Mumbai –
400059, Maharashtra, India |
|
Tel. No.: |
91-22-28500008/
2400/ 0057 |
|
Fax No.: |
91-22-28506785 |
|
E-Mail : |
|
|
Area : |
1000 Sq. ft. |
|
Location : |
Rented |
|
|
|
|
Factory 1 : |
Plot No. 4906/ 15,
GIDC Industrial Estate Ankleshwar, District Bharuch, Ankleshwar – 393002,
Gujarat, India |
|
Tel. No.: |
91-2646-221757/
222444/ 221999/ 239217 |
|
Fax No.: |
91-2646-222444/
250714 |
|
E-Mail : |
|
|
Area: |
46,000 Sq. ft. |
|
|
|
|
Factory 2 : |
Plot No. 80, PCNTDA, Bhosari, Pune -
411026, Maharashtra, India |
|
Tel No.: |
91-20-30781208/ 1210 |
|
Fax No.: |
91-20-30781209 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Rajendra
Mohan Bector |
|
Designation : |
Director |
|
Address : |
201, Ashok House,
|
|
Date of Birth/Age : |
10.10.1936 |
|
Qualification : |
BE |
|
Experience : |
50 Years |
|
Date of Appointment : |
21.05.2002 |
|
DIN No.: |
01041746 |
|
|
|
|
Name : |
Mr. Prem
Rajendramohan Bector |
|
Designation : |
Director |
|
Address : |
201, Ashok House,
|
|
Date of Birth/Age : |
05.08.1938 |
|
Date of Appointment : |
21.05.2002 |
|
|
|
|
Name : |
Mrs. Sangeeta
Alok Bector |
|
Designation : |
Director |
|
Address : |
201, Ashok House,
|
|
Date of Birth/Age : |
11.09.1963 |
|
Qualification : |
MBA |
|
Experience : |
23 Years |
|
Date of Appointment : |
21.05.2002 |
|
DIN No.: |
01041749 |
|
|
|
|
Name : |
Mr. Alok Rajendramohan Bector |
|
Designation : |
Director |
|
Address : |
201, Ashok House, Rajendra Prasad Road, Juhu, Mumbai – 400049,
Maharashtra, India |
|
Date of
Birth/Age : |
15.04.1964 |
|
Qualification : |
B Com |
|
Experience : |
25 Years |
|
Date of
Appointment : |
21.05.2002 |
|
DIN No.: |
02294385 |
KEY EXECUTIVES
|
Name : |
Mr. M.S. Pandey |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Rajendra Bector
Karta HUF |
225000 |
7.50 |
|
Prem
Rajendramohan Bector |
825000 |
27.50 |
|
Sangeeta Alok
Bector |
240000 |
8.00 |
|
Rajendra Mohan
Bector |
1065000 |
35.50 |
|
Alok Rajendra
Bector |
615000 |
20.50 |
|
Mona Sanjiv Kalra
|
15000 |
0.50 |
|
Sunanda Rajesh
Varma |
15000 |
0.50 |
|
TOTAL
|
3000000 |
100.00 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and
Exporter of Pharmaceutical Machinery and Its Parts, Components etc. |
||||||
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Products : |
Granulation Line: Ø
Vibro
Sifter Ø
Auto
Coater Ø
Coating
Pan Ø
Paste
Kettle Ø
Fluid
Bed Dryer Ø
Multi
Mill Ø
Co –
Mill Ø
Double
Clone Blender Ø
Octogonal
Blender Ø
Tri
Motion Blender Ø
Fix
and Mobile Loader Ø
Washing
Systems Ointment Line: Ø
Oinment
Mixer Ø
Homogenizer Ø
Storage Liquid Line: Ø
Mixing
Tank Ø
Storage
Tank
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Exports : |
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Products : |
Pharma Machines |
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Countries : |
·
Malaysia ·
Singapore ·
USA |
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Imports : |
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Products : |
Machine Parts |
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Countries : |
·
Germany ·
Italy ·
China ·
USA |
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Terms : |
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Selling : |
LC / Cash and Credit [Advance, DP] |
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Purchasing : |
LC / Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
Jindal Stainless Steel Limited |
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Customers : |
Dr. Reddy’s |
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No. of Employees : |
300
[Approximately] |
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Bankers : |
·
State
Bank of India, Industrial Finance Branch, Sakinaka, Mumbai – 400072, Maharashtra,
India (Tel No.: 91-22-26833001) ·
HDFC
Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel,
Mumbai-400013, Maharashtra, India ·
Navsarjan
Industrial Co-operative Bank Limited ·
Bank
of Baroda ·
ICICI
Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Pankaj A Shah and
Company Chartered
Accountants |
|
Address : |
3/1225-L, Narjivan
Commercial Premises, Co-operative Society Limited, Lamington Road, Mumbai –
400008, Maharashtra, India |
|
Tel. No.: |
91-22-23074148 |
|
PAN No: |
ABEPS6263J |
|
|
|
|
Associates/Subsidiaries : |
·
Aahan Engineers Private Limited ·
Bectochem Process Technology Private Limited ·
Becto Flex Containment System Private Limited ·
Bector Automations RML India Private Limited ·
Bectochem Organics ·
Kotak Sijpal Architectural Studio Private Limited
|
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each
|
Rs.30.000
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 |
30.000 |
30.000 |
30.000 |
|
(b) Reserves & Surplus |
113.761 |
100.987 |
82.384 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
10.000 |
10.000 |
|
Total
Shareholders’ Funds (1) + (2) |
143.761 |
140.987 |
122.384 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
107.608 |
21.217 |
12.012 |
|
(b) Deferred tax liabilities (Net) |
0.273 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
107.881 |
21.217 |
12.012 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
170.174 |
116.926 |
72.112 |
|
(b)
Trade payables |
250.833 |
251.370 |
199.160 |
|
(c)
Other current liabilities |
29.040 |
16.265 |
6.246 |
|
(d) Short-term
provisions |
12.283 |
12.054 |
6.780 |
|
Total Current
Liabilities (4) |
462.330 |
396.615 |
284.298 |
|
|
|
|
|
|
TOTAL |
713.972 |
558.819 |
418.694 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
177.531 |
42.563 |
51.219 |
|
(ii)
Intangible Assets |
2.064 |
1.540 |
2.566 |
|
(iii)
Capital work-in-progress |
35.144 |
53.388 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
18.238 |
13.339 |
13.338 |
|
(c) Deferred tax assets (net) |
0.000 |
0.978 |
0.494 |
|
(d) Long-term Loan and Advances |
17.309 |
12.682 |
6.669 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
250.286 |
124.490 |
74.286 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
139.565 |
114.210 |
110.930 |
|
(c)
Trade receivables |
290.403 |
293.926 |
209.624 |
|
(d) Cash
and cash equivalents |
2.118 |
3.618 |
2.991 |
|
(e)
Short-term loans and advances |
12.043 |
6.847 |
6.561 |
|
(f) Other
current assets |
19.557 |
15.728 |
14.302 |
|
Total
Current Assets |
463.686 |
434.329 |
344.408 |
|
|
|
|
|
|
TOTAL |
713.972 |
558.819 |
418.694 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
646.574 |
717.676 |
618.023 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
602.837 |
667.195 |
574.396 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
43.737 |
50.481 |
43.627 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
13.903 |
13.946 |
8.905 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
29.834 |
36.535 |
34.722 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
11.319 |
8.706 |
7.351 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
18.515 |
27.829 |
27.371 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
6.008 |
9.226 |
9.282 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
12.507 |
18.603 |
18.089 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
100.988 |
82.384 |
64.295 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
0.266 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
113.761 |
100.987 |
82.384 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
101.262 |
85.671 |
41.007 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
40.250 |
33.309 |
41.745 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
4.17 |
6.20 |
-- |
|
Expected Sales (2013-14) : Rs.1000.000 Millions.
The above information has been parted by Mr. M.S. Pandey.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.93
|
2.59 |
2.93 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.80
|
5.67 |
6.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.20 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.94
|
0.98 |
0.69 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.00
|
1.10 |
1.21 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
30.000 |
30.000 |
30.000 |
|
Reserves & Surplus |
82.384 |
100.987 |
113.761 |
|
Net
worth |
112.384 |
130.987 |
143.761 |
|
|
|
|
|
|
long-term borrowings |
12.012 |
21.217 |
107.608 |
|
Short term borrowings |
72.112 |
116.926 |
170.174 |
|
Total
borrowings |
84.124 |
138.143 |
277.782 |
|
Debt/Equity
ratio |
0.749 |
1.055 |
1.932 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Total Income |
618.023 |
717.676 |
646.574 |
|
|
|
16.124 |
(9.907) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Total Income |
618.023 |
717.676 |
646.574 |
|
Profit |
18.089 |
18.603 |
12.507 |
|
|
2.93% |
2.59% |
1.93% |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT MATURITIES OF LONG TERM
DEBT: NOT AVAILABLE
|
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 |
Yes |
|
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 |
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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] |
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 |
INDEX OF CHARGES:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10302076 |
17/04/2012 * |
20,700,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA,
INDIA |
B40818668 |
|
2 |
10276495 |
17/04/2012 * |
266,735,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA |
B40819203 |
|
3 |
10117560 |
29/01/2014 * |
246,735,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA,
INDIA |
B94973427 |
|
* Date of charge modification |
||||||
|
Unsecured Loan |
As
on 31.03.2013 [Rs.
in Millions] |
As
on 31.03.2012 [Rs.
in Millions] |
|
Short Term
Borrowings |
|
|
|
Loans and Advances From Related Parties |
58.389 |
41.464 |
|
Deposits |
|
|
|
Deposit Rent Becto Flex Containment System Private Limited |
10.000 |
0.000 |
|
TOTAL
|
68.389 |
41.464 |
FIXED ASSETS:
·
Computer
·
Factory
Premises
·
Furniture
and Fixture
·
Motor
Car
·
Plant and
Machinery
·
Fax
Machine
·
Xerox
Machine
·
Gala
No. 204/205
·
Vacuum
cleaner
·
Typewriter
·
Cranes
·
Cycle
·
Generator
·
Motor
Bike
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.62.27 |
|
|
1 |
Rs.103.47 |
|
Euro |
1 |
Rs.84.87 |
INFORMATION DETAILS
|
Information Gathered
by : |
HNA |
|
|
|
|
Report Prepared
by : |
TPT |
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 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.