MIRA
INFORM REPORT
|
Report Date : |
27.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
ZAMIL STEEL BUILDINGS INDIA PRIVATE LIMITED |
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Registered
Office : |
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Country : |
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Financials (as
on) : |
31.12.2010 |
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Date of
Incorporation : |
09.04.2003 |
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Com. Reg. No.: |
11-131123 |
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Capital
Investment / Paid-up Capital : |
Rs.498.553
Millions |
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|
|
CIN No.: [Company Identification
No.] |
U74210PN2003PTC131123 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEZ01938G / CHEZ03024A |
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PAN No.: [Permanent Account No.] |
AAACZI758R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Engaged in Business of |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. Management of the company has failed to file its financials since 2011
with government department. Management denied to provide any information to us. As per previous of
2010, there are accumulated losses recorded by the company. However, business is active. Payment terms are reported to be unknown.
The company can be considered for business dealing with great
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 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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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.
INFORMATION DECLINED BY
Management non-cooperative (Tel. No.: 91-20-3055300)
LOCATIONS
|
Registered Office : |
Almonte Software Park, Office No.101, 1st Floor, Plot No.2, S No.8,
Kharadi Village, Haveili, Pune-411020, Maharashtra, India |
|
Tel. No.: |
91-20-305853000 |
|
Mobile No.: |
91-9970002238 (Mr. Suraj Sharma) |
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Fax No.: |
91-20-305532000 |
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E-Mail : |
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Website : |
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Area : |
1500 Sq. ft. |
|
Location : |
Rented |
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Godown / Factory : |
Plot
No. B - 32/2 ,MIDC Ranjangaon, Village Dhoksangan Taluka: Shirur District
Pune, Maharashtra, India |
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Corporate Head Quarters: |
1st
Industrial City, P.O. Box. 877, Dammam 31421, Saudi Arabia |
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Tel. No.: |
966-13-8471840 |
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Fax No.: |
966-13-8471291 |
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Branch Office : |
Located at: ·
Mumbai ·
Kolkata ·
Ranchi ·
Hyderabad ·
Jamshedpur ·
Chennai ·
Ahmedabad ·
Bhubaneswar ·
New Delhi ·
Ranjangoan |
DIRECTORS
As on: 30.09.2010
|
Name : |
Mr. Nandakumar Vaidyanathan Sundaresan |
|
Designation : |
Director |
|
Address : |
81-B, Kamaraj Avenue, 2nd Street, Adyar, Chennai-600020,
Tamil Nadu, India |
|
Date of Birth/Age : |
18.06.1953 |
|
Date of Appointment : |
09.04.2003 |
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DIN No : |
00367074 |
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|
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Name : |
Mr. Khaled Rouf Mohamed Ezzat |
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Designation : |
Director |
|
Address : |
5, Horaya Street, Off Al Nasr st, New Maadi, Egypt-014 |
|
Date of Birth/Age : |
09.12.1962 |
|
Date of Appointment : |
10.11.2005 |
|
DIN No : |
01899319 |
|
|
|
|
Name : |
Mr. Tayoun Badoui Gandhi |
|
Designation : |
Director |
|
Address : |
754/16, Adamally Place, Colombo, Srilanka-04 |
|
Date of Birth/Age : |
17.12.1960 |
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Date of Appointment : |
17.09.2007 |
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DIN No : |
02098370 |
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Name : |
Mr. Mohamed Nabag Elamin Idris |
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Designation : |
Director |
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Address : |
P.O. Box 877, Dammam-31421, Saudi Arabia |
|
Date of Birth/Age : |
08.02.1948 |
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Date of Appointment : |
15.09.2003 |
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DIN No : |
02236049 |
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Name : |
Mr. Al Zamil Nawaf Mohammed |
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Designation : |
Director |
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Address : |
P.O. Box 877, Dammam-31421, Saudi Arabia |
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Date of Birth/Age : |
01.08.1971 |
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Date of Appointment : |
29.07.2008 |
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DIN No : |
02236064 |
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Name : |
Mr. Al Zamil Abdullah Mohammed |
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Designation : |
Director |
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Address : |
P.O. Box 877, Dammam-31421, Saudi Arabia |
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Date of Birth/Age : |
07.01.1965 |
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Date of Appointment : |
29.09.2008 |
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DIN No : |
02236070 |
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|
|
|
Name : |
Mr. Osama |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Sachit Vivek Kalantre |
|
Designation : |
Secretary |
|
Address : |
142/162, Ganesh Apartment, Kasbapeth, Pune-411011, Maharashtra, India |
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Date of Birth/Age : |
11.06.1984 |
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Date of Appointment : |
01.06.2010 |
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PAN No.: |
BKQPK4682K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Zamil Industrial Investment Company, Saudi Arabia |
|
49845340 |
|
Zamil Industrial Investment Emirates Company LLC, Saudi Arabia |
|
10000 |
|
|
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|
|
Total |
|
49855340 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2010
|
Category |
|
Percentage |
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|
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|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
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|
|
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Engaged in Business of Pre-Engineering Building. |
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Products : |
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PRODUCTION STATUS (As on 31.12.2010)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Fabricated Structural Products of Iron and Steel |
MT |
36000 |
20758 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
· Bank of Bahrain and Kuwait B.S.C. 225, Jolly Maker Chambers, Nariman Point, Mumbai - 400021, Maharashtra, India Tel. No.:91-22-823698 / 99 ·
Hongkong and Shanghai Banking Corporation
Limited, 52/60, Mahatma Gandhi Road, Fort, Mumbai - 400001, Maharashtra,
India ·
Standard Chartered Bank ·
ICICI Bank |
|||||||||||||||
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Facilities : |
(Rs.
In Millions)
|
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
B S R and Company Chartered Accountants |
|
Address : |
703, 7th Floor, Godrej Castlemaine, Next to Ruby, All
Clinic, Bund Garden Road, Pune-411001, Maharashtra, India |
|
Tel. No.: |
91-20-30585764/ 5765 |
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Fax No.: |
91-20-30585775 |
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PAN No.: |
AAIFB7357B |
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Ultimate Holding Company : |
Zamil Industrial Investment Company, Saudi Arabia (ZIIC) |
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|
Fellow Subsidiaries of Holding Company with whom transaction have
taken place during the year. : |
·
Zamil New Delhi Infrastructure Private Limited ·
Zamil Steel Industries, Saudi Arabia ·
Zamil Steel Engineering India Private Limited ·
Zamil Constructions India Private Limited ·
Zamil Steel Building Vietnam Company Limited,
Vietnam ·
Zamil Information Technology Global Private
Limited · PES Steel Building Systems Private Limited (PSBS) |
|
|
|
|
Sister Concern: |
Name: Zamil
Constructions India Private Limited Address: Almonte Software
Park, Office No.101, 1st Floor, Plot No.2, S No.8, Kharadi Village, Haveili,
Pune-411020, Maharashtra, India Line of
business: Supply of Pre-engineer Building. |
CAPITAL STRUCTURE
As on: 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
90000000 |
Equity Shares |
Rs.10/- each |
Rs.900.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
49855340 |
Equity Shares |
Rs.10/- each |
Rs.498.553
Millions |
|
|
|
|
|
As on: 31.12.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
55000000 |
Equity Shares |
Rs.10/- each |
Rs.550.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
49855340 |
Equity Shares |
Rs.10/- each |
Rs.498.553
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2010 (9 months) |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
498.553 |
498.553 |
346.633 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(418.864) |
(400.739) |
(340.288) |
|
|
NETWORTH |
79.689 |
97.814 |
6.345 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
280.875 |
307.302 |
266.875 |
|
|
2] Unsecured Loans |
1040.062 |
1024.061 |
1216.460 |
|
|
TOTAL BORROWING |
1320.937 |
1331.363 |
1483.335 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
9.787 |
|
|
|
|
|
|
|
|
TOTAL |
1400.626 |
1429.177 |
1499.467 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1021.720 |
962.028 |
999.323 |
|
|
Capital work-in-progress |
0.000 |
100.141 |
75.760 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
341.300
|
263.753
|
332.618 |
|
|
Sundry Debtors |
184.615
|
175.621
|
49.903 |
|
|
Cash & Bank Balances |
23.600
|
8.388
|
3.881 |
|
|
Other Current Assets |
94.476
|
73.485
|
0.000 |
|
|
Loans & Advances |
248.215
|
200.901
|
189.118 |
|
Total
Current Assets |
892.206
|
722.148 |
575.520 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
267.956
|
159.755
|
94.057 |
|
|
Other Current Liabilities |
237.216
|
189.364
|
54.302 |
|
|
Provisions |
8.128
|
6.021
|
2.777 |
|
Total
Current Liabilities |
513.300
|
355.140 |
151.136 |
|
|
Net Current Assets |
378.906
|
367.008
|
424.384 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1400.626 |
1429.177 |
1499.467 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2010 (9 months) |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1254.781 |
959.092 |
477.404 |
|
|
|
Other Income |
149.894 |
172.642 |
3.758 |
|
|
|
TOTAL (A) |
1404.675 |
1131.734 |
481.162 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Sales |
956.383 |
758.231 |
323.514 |
|
|
|
Manufacturing Expenses |
136.979 |
117.617 |
56.285 |
|
|
|
Employee Expenses |
91.407 |
96.785 |
99.803 |
|
|
|
Administrative Expenses |
143.847 |
116.767 |
87.230 |
|
|
|
TOTAL (B) |
1328.616 |
1089.400 |
566.832 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
76.059 |
42.334 |
(85.670) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
49.145 |
61.973 |
64.333 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
26.914 |
(19.639) |
(150.003) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
45.038 |
50.147 |
108.531 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS
)BEFORE TAX (E-F) (G) |
(18.124) |
(69.786) |
(258.534) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
(9.335) |
36.296 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(18.124) |
(60.451) |
(294.830) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
(45.457) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
(340.287) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Service Income |
0.000 |
0.251 |
37.154 |
|
|
|
Sale of Material |
13.306 |
20.131 |
35.609 |
|
|
TOTAL EARNINGS |
13.306 |
20.382 |
72.763 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
32.655 |
92.597 |
6.234 |
|
|
|
Stores & Spares |
3.559 |
0.529 |
0.370 |
|
|
|
Capital Goods |
1.554 |
29.265 |
52.152 |
|
|
TOTAL IMPORTS |
37.768 |
122.391 |
58.756 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(0.36) |
(1.22) |
(8.51) |
|
|
Particulars |
|
31.03.2013 |
31.12.2012 |
|
Sales Turnover (Approximately) |
|
2200.000 |
150.000 |
Expected Sales (2013-2014): Rs. 3000.000 Millions
The above information has been parted by Mr. Suraj Sharma
KEY RATIOS
|
PARTICULARS |
|
31.12.2010 (9 months) |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(1.29)
|
(5.34) |
(61.27) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(1.44)
|
(7.28) |
(54.15) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.95)
|
(4.14) |
(16.42) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.23)
|
(0.71) |
(40.75) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
16.58
|
13.61
|
233.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.74
|
2.03
|
3.81 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2009 |
31.03.2010 |
31.12.2010 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
477.404 |
959.092 |
1,254.781 |
|
|
|
100.897 |
30.830 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2009 |
31.03.2010 |
31.12.2010 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
477.404 |
959.092 |
1,254.781 |
|
Profit |
(294.830) |
(60.451) |
(18.124) |
|
|
(61.76)% |
(6.30)% |
(1.44)% |
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 |
Yes |
|
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 |
Yes |
|
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 |
No |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
(Rs. In Millions)
|
Particulars |
As
on 31.12.2010 |
As
on 31.03.2010 |
|
|
|
|
|
Long term (from other than banks) |
|
|
|
External Commercial Borrowings [Payable within one year USD 3 million (p. y.: nil)] |
547.080 |
547.080 |
|
Fully and Compulsorily Convertible Debentures [3810077 debentures (p. y. 3810077 debentures) of Rs. 100/- each with
interest rate (labor+20%) convertible into 38100770 equity shares of Rs. 10
each at par in the year 2013] |
381.008 |
381.008 |
|
Interest accrued and due on ECB |
84.299 |
74.866 |
|
Interest accrued and due on FCCD |
27.675 |
21.107 |
|
Total |
1040.062 |
1024.061 |
Note:
The Registered Office of the company has been shifted from Nelson Towers, III - Wing, 117, Nelson Manikam Road, Aminjikarai, Chennai-600029, Tamil Nadu, India to the present address w.e.f. 01.06.2006.
The Registered Office of the company has been shifted from Almonte Software Park, Office No. 201, 2nd Floor, Plot No. 2, S No. 8, Kharadi Village, Haveli, Pune – 411020, Maharashtra, India to the present address w.e.f. 28.08.2008.
OPERATIONS:
The Company has achieved a turnover of Rs.1254.781 Millions as against Rs.959.091 Millions during the previous financial year.
BACKGROUND AND
NATURE OF OPERATIONS
Subject was incorporated on 9 April 2003. It is a wholly owned
subsidiary of Zamil Industrial Investment Company, Saudi Arabia. The company is
engaged in the business of designing, manufacturing, supply and erection of
Pre-Engineered Building and parts thereof. The Company’s corporate office is
located in Pune and it has a manufacturing facility at Ranjangaon.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10280790 |
28/06/2012 * |
1,050,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMI |
52/60, MAHATMA GANDHI ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B43288703 |
|
2 |
10227763 |
05/07/2010 |
356,212,000.00 |
BANK OF BAHRAIN AND KUWAIT B.S.C. |
225, JOLLY MAKER CHAMBERS, NARIMAN POINT, MUMBAI, |
A88732862 |
|
3 |
10204693 |
10/02/2010 |
719,025,000.00 |
STANDARD CHARTERED BANK |
90, M G ROAD,, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
A80307382 |
* Date of charge modification
FIXED ASSETS:
·
Land
·
Factory Building
·
Plant and Machinery
·
Computer
·
Office Equipment
·
Electrical Fittings
·
Vehicles
·
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 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. 61.94 |
|
|
1 |
Rs. 103.31 |
|
Euro |
1 |
Rs. 85.11 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
26 |
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.