MIRA
INFORM REPORT
|
Report Date : |
25.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
TUFROPES PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
REEVE COMMERCIALS
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
812-A, Embassy
Centre, Nariman Point, Mumbai – 400 021, |
|
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Country : |
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|
|
Financials (as
on) : |
31.03.2013 |
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|
|
|
Date of
Incorporation : |
19.11.1992 |
|
|
|
|
Com. Reg. No.: |
11-069639 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 33.450 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1992PTC069639 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT09450A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT8968M |
|
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|
|
Legal Form : |
Private Limited Liability Company |
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|
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|
Line of Business
: |
Subject is engaged in manufacturing of Ropes, Twines and Netsand. |
|
|
|
|
No. of Employees
: |
Information Declined by the management |
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 3600000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
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|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having fine track record. Overall financial position of the company is decent. Performance capability
is good. However, trade relations are reported to be fair. Business is active.
Payments are reported to be regular and as per commitment. The company can be considered normal 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.
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities: “A+” |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
06.12.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities: “A1” |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
06.12.2013 |
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 DECLINED
Management non-cooperative (Tel. No.: 91-22-40502600)
LOCATIONS
|
Registered Office : |
812-A, Embassy
Centre, Nariman Point, Mumbai – 400 021, Maharashtra, India |
|
Tel. No.: |
91-22-40502600 |
|
Fax No.: |
91-22-22844167 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
507, Embassy Centre, Nariman Point, Mumbai-400021, Maharashtra, India |
|
Tel. No.: |
91-22-40502600 |
|
Fax No.: |
91-22-22844167 |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
Plot No. 6, Rakholi Industrial Estate, P. O. Rakholi – 396 230,
Silvassa (Dadra and Nagar Haveli), Union Territory |
|
Tel. No.: |
91-260-40749 |
|
Fax No.: |
91-260-40478 |
|
|
|
|
Factory 2 : |
Amli, Silvassa |
DIRECTORS
As on: 23.09.2013
|
Name : |
Mr. Arun Sriniwas Goel |
|
Designation : |
Director |
|
Address : |
B-5, Sterling Apartments, 38, Pedder Road, Mumbai-400026, Maharashtra,
India |
|
Date of Birth/Age : |
31.12.1957 |
|
Date of Appointment : |
01.02.1993 |
|
PAN No.: |
ADUPG9480B |
|
DIN No.: |
00010006 |
|
|
|
|
Name : |
Ms. Kusum Arun Goel |
|
Designation : |
Director |
|
Address : |
B-5, Sterling Apartments, 38, Pedder Road, Mumbai-400026, Maharashtra,
India |
|
Date of Birth/Age : |
17.01.1963 |
|
Date of Appointment : |
01.02.1993 |
|
PAN No.: |
ADUPG9479L |
|
DIN No.: |
00010060 |
|
|
|
|
Name : |
Mr. Saurabh Arun Goel |
|
Designation : |
Director |
|
Address : |
B-5, Sterling Apartments, 38, Pedder Road, Mumbai-400026, Maharashtra,
India |
|
Date of Birth/Age : |
27.12.1984 |
|
Date of Appointment : |
24.09.2007 |
|
PAN No.: |
AHAPG5777H |
|
DIN No.: |
00022496 |
|
|
|
|
Name : |
Mr. Virendra Jaikumar Jain |
|
Designation : |
Director |
|
Address : |
B 19, Sterling Apartments, 38, Pedder Road, Mumbai-400026, Maharashtra,
India |
|
Date of Birth/Age : |
19.11.1958 |
|
Date of Appointment : |
22.12.1994 |
|
DIN No.: |
00077662 |
|
|
|
|
Name : |
Mr. Muneshwarnath Tapaswinath Modi |
|
Designation : |
Director |
|
Address : |
C/12, Gurudev Complex, Phase I, Sayli Road, Silvassa, Dadra Nagar
Haveli |
|
Date of Birth/Age : |
14.09.1968 |
|
Date of Appointment : |
30.06.2006 |
|
DIN No.: |
00492652 |
|
|
|
|
Name : |
Mr. Sachin Nath Bhupender Chaturvedi |
|
Designation : |
Director |
|
Address : |
2803/04, 28th Floor, Shreepat Arcade, A K Marg, Nana Chowk,
Mumbai-400036, Maharashtra, India |
|
Date of Birth/Age : |
30.09.1950 |
|
Date of Appointment : |
31.12.1996 |
|
DIN No.: |
00553459 |
|
|
|
|
Name : |
Mr. Madhav Arun Goel |
|
Designation : |
Additional Director |
|
Address : |
B-5, Sterling Apartments, 38, Pedder Road, Mumbai-400026, Maharashtra,
India |
|
Date of Birth/Age : |
15.10.1987 |
|
Date of Appointment : |
20.03.2012 |
|
PAN No.: |
AJIPG6954C |
|
DIN No.: |
03578248 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 23.09.2013
|
Names of Shareholders |
No. of Shares |
|
Kusum Arun Goel |
650100 |
|
Arun Goel |
629100 |
|
Saurabh Arun Goel |
196650 |
|
Madhav Arun Goel |
196650 |
|
Laxmi Satyapal Jain Jointly with Satypal Jain |
165100 |
|
Reena Virendra Jain Jointly with Virendra Jain |
105100 |
|
Sushma Anand Jain Jointly with Anand Jain |
173790 |
|
Gaurav Jain |
392400 |
|
Harsh Jain |
383710 |
|
Ankit Jain |
452400 |
|
|
|
|
TOTAL
|
3345000 |
Equity Share Break up (Percentage of Total Equity)
As on: 23.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing of Ropes, Twines and Netsand. |
||||
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||||
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Products : |
|
PRODUCTION STATUS (AS ON : 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity ** |
Actual
Production |
|
|
|
|
|
|
Rope and Twine |
MT |
15000 |
12521 |
*Machines are interchangeable to produce all kind of ropes
**As certified by the Management
GENERAL INFORMATION
|
No. of Employees : |
Information Declined by the management |
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Bankers : |
· Canara Bank, PCBI-1, Makar Tower-F, Cuffee Parade, Mumbai - 400005, Maharashtra, India · Canara Bank, Nariman Point Branch, Mittal Tower, C Wing, Nariman Point, Mumbai - 400021, Maharashtra, India |
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Facilities : |
(Rs.
In Millions)
|
|
|
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jayantilal Thakkar and Company Chartered Accountants |
|
Address : |
111, A, Mahatma Gandhi Road, Fort, Mumbai-400023, Maharashtra, India |
|
PAN No.: |
AAAFJ3458R |
|
|
|
|
Subsidiary: |
· Tufropes Vietnam Company Limited |
|
|
|
|
Related Parties : |
·
Silvassa Polyplast (India) Private Limited ·
India Net ·
Daman Plastics ·
Silvassa Plastics ·
Polysil Pipes ·
Resin Distributors Limited ·
Polysil Irrigation Systems Private Limited ·
Polyresin Agencies (India) Private Limited ·
Poly Plast Agencies (India) Private Limited · Techfab (India) Industries Limited (Daman) · Techfab (India) Industries Limited (Vapi) · Techfab (India) Industries Limited (Silvassa) |
CAPITAL STRUCTURE
As on: 23.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3345000 |
Equity Shares |
Rs.10/- each |
Rs. 33.450 Millions |
|
120000 |
12% Non-Cumulative Redeemable Preference Shares |
Rs.100/- each |
Rs. 12.000 Millions |
|
455000 |
1% Non-cumulative Redeemable Optionally Convertible Preference Shares |
Rs.10/- each |
Rs. 4.550 Millions |
|
|
TOTAL |
|
Rs. 50.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3345000 |
Equity Shares |
Rs.10/- each |
Rs. 33.450
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 |
33.450 |
33.450 |
33.450 |
|
(b) Reserves & Surplus |
875.702 |
729.749 |
579.004 |
|
(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) |
909.152 |
763.199 |
612.454 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
271.847 |
158.321 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
26.251 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
8.866 |
6.322 |
4.698 |
|
Total
Non-current Liabilities (3) |
306.964 |
164.643 |
4.698 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
131.451 |
38.948 |
15.104 |
|
(b) Trade payables |
31.429 |
19.699 |
20.221 |
|
(c) Other current liabilities |
59.108 |
38.956 |
36.266 |
|
(d) Short-term provisions |
9.631 |
2.958 |
3.485 |
|
Total
Current Liabilities (4) |
231.619 |
100.561 |
75.076 |
|
|
|
|
|
|
TOTAL |
1447.735 |
1028.403 |
692.228 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
742.617 |
300.706 |
193.161 |
|
(ii) Intangible Assets |
1.979 |
2.753 |
0.986 |
|
(iii) Capital work-in-progress |
9.543 |
184.707 |
6.755 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
26.761 |
14.869 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
1.286 |
0.098 |
|
(d) Long-term Loan and Advances |
27.647 |
65.217 |
81.457 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
808.547 |
569.538 |
282.457 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.100 |
0.010 |
0.000 |
|
(b) Inventories |
205.865 |
166.904 |
156.548 |
|
(c) Trade receivables |
319.795 |
218.821 |
171.148 |
|
(d) Cash and cash equivalents |
30.976 |
24.451 |
21.681 |
|
(e) Short-term loans and
advances |
79.866 |
47.613 |
59.682 |
|
(f) Other current assets |
2.586 |
1.066 |
0.712 |
|
Total
Current Assets |
639.188 |
458.865 |
409.771 |
|
|
|
|
|
|
TOTAL |
1447.735 |
1028.403 |
692.228 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL
|
2011.520 |
1685.847 |
1352.207 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
|
|
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
|
|
|
|
Employees benefits expense |
|
|
|
|
|
Other expenses |
|
|
|
|
|
TOTAL |
1778.606 |
1458.719 |
1169.196 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
232.914 |
227.128 |
183.011 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
38.477 |
21.332 |
18.671 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
194.437 |
205.796 |
164.340 |
|
|
|
|
|
|
|
Less |
TAX |
48.484 |
54.912 |
47.764 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
145.953 |
150.884 |
116.576 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
720.725 |
569.981 |
452.479 |
|
|
|
|
|
|
|
Add |
EXCESS
PROVISION EARLIER YEAR |
0.000 |
(0.140) |
0.926 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
866.678 |
720.725 |
569.981 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
781.167 |
688.793 |
581.764 |
|
|
TOTAL
EARNINGS |
781.167 |
688.793 |
581.764 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
|
|
74.903 |
|
|
Components and Stores parts |
|
|
0.873 |
|
|
Capital Goods |
|
|
0.227 |
|
|
TOTAL
IMPORTS |
113.971 |
116.919 |
76.003 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
43.63 |
45.11 |
35.13 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
7.26 |
8.95 |
8.62 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.78 |
24.87 |
23.98 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.27 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.44 |
0.26 |
0.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.76 |
4.56 |
5.46 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
33.450 |
33.450 |
33.450 |
|
Reserves & Surplus |
579.004 |
729.749 |
875.702 |
|
Net
worth |
612.454 |
763.199 |
909.152 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
158.321 |
271.847 |
|
Short term borrowings |
15.104 |
38.948 |
131.451 |
|
Total
borrowings |
15.104 |
197.269 |
403.298 |
|
Debt/Equity
ratio |
0.025 |
0.258 |
0.444 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
1,352.207 |
1,685.847 |
2,011.520 |
|
|
|
24.674 |
19.318 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
1,352.207 |
1,685.847 |
2,011.520 |
|
Profit |
116.576 |
150.884 |
145.953 |
|
|
8.62% |
8.95% |
7.26% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITY OF
LONG TERM DEBTS DETAILS
(Rs. In Millions)
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
Current Maturity of Long term Debts |
14.380 |
NA |
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 |
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 |
Yes |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
Short term
borrowings |
|
|
|
Loans and advance from others |
40.000 |
0.000 |
|
|
|
|
|
Total |
40.000 |
0.000 |
OPERATIONS
The Company has achieved turnover of Rs 2011.500 millions increased by 19.32% as against Rs. 1685.800 millions in 2011-12. Profit after tax (PAT) stood at Rs 145.900 millions this year as against Rs. 150.900 millions in 2011-12. The Company plans to increase the capacity utilization to higher levels and thereby increase its turnover which in turn will result in increased profitability.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10344043 |
17/07/2013 * |
201,000,000.00 |
EXPORT-IMPORT BANK OF INDIA |
CENTRE ONE BUILDING, 21ST FLOOR, WORLD TRADE CENTRE
COMPLEX, CUFFE PARADE, MUMBAI, Maharashtra - |
B79623831 |
|
2 |
10345096 |
22/10/2013 * |
640,000,000.00 |
CANARA BANK |
PCB-1, MAKER TOWER F, CUFFE PARADE, MUMBAI, Maharashtra - 400005, INDIA |
B87969374 |
|
3 |
80002752 |
19/06/2013 * |
640,000,000.00 |
CANARA BANK |
PCBI-1, MAKAR TOWER-F, CUFFEE PARADE, MUMBAI, Maharashtra - 400005, INDIA |
B79170502 |
* Date of charge modification
FIXED ASSETS
·
Land
·
Factory Building
·
Plant and Machinery
·
Staff Quarter
·
Labour Quarter
·
Electrical Installation
·
Office Equipments
·
Factory Equipments
·
Furniture and Fixtures
·
Computers
·
Vehicles
·
Air Conditioner
·
Laboratory Equipments
·
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 records 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 Declration :
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. 62.11 |
|
|
1 |
Rs. 103.38 |
|
Euro |
1 |
Rs. 85.32 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Report Prepared
by : |
DPH |
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 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
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.