1. Summary Information
|
|
|
Country |
|
|
Company Name |
Lite-On-Mobile India Private Limited |
Principal Name 1 |
Mr. Amit Gupta |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Cornelis Martinus Petrus
Maria Saris |
|
|
|
Registration # |
18-060268 |
|
Street Address |
Nokia Telecom
Special Economic Zone, Plot 1A, |
||
|
Established Date |
19.06.2006 |
SIC Code |
-- |
|
Telephone# |
91-44-47112233 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-44-47112233 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Moulded Components |
|
|
# of employees |
Not Divulged |
Product Name 2 |
-- |
|
Paid up capital |
Rs.590,949,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign Holdings |
Banking |
Royal Bank of |
|
Public Limited Corp. |
No |
Business Period |
7 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (42) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding
Company |
Singapore |
Lite
on Mobile PTE Limited |
-- |
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,472,206,000 |
Current Liabilities |
1,404,011,000 |
|
Inventories |
527,902,000 |
Long-term Liabilities |
1,709,832,000 |
|
Fixed Assets |
2,314,944,000 |
Other Liabilities |
103,021,000 |
|
Deferred Assets |
2,836,000 |
Total Liabilities |
3,216,864,000 |
|
Invest& other Assets |
80,252,000 |
Retained Earnings |
590,327,000 |
|
|
|
Net Worth |
1,181,276,000 |
|
Total Assets |
4,398,140,000 |
Total Liab. & Equity |
4,398,140,000 |
|
Total Assets (Previous Year) |
4,370,360,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
7,248,190,000 |
Net Profit |
220,030,000 |
|
Sales(Previous yr) |
4,734,520,000 |
Net Profit(Prev.yr) |
27,930,000 |
|
Report Date : |
02.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
LITE-ON-MOBILE INDIA PRIVATE LIMITED (w.e.f. 27.06.2012) |
|
|
|
|
Formerly Known
As : |
PERLOS TELECOMMUNICATION AND ELECTRONIC COMPONENTS (INDIA) PRIVATE
LIMITED |
|
|
|
|
Registered
Office : |
Nokia Telecom Special Economic Zone, Plot 1A, SIPCOT Industrial Park –
Phase III, Sriperumbudur – 602 105, Tamil Nadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
19.06.2006 |
|
|
|
|
Com. Reg. No.: |
18-060268 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.590.949 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109TN2006PTC060268 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCP9246K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and
supplier of Moulded Components for the Telecommunication Industry. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4720000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of LITE ON MOBILE PET LIMITED It is an
established company having satisfactory track record. The management has failed to file its financial with government
department for the year 2013. As per available financial of 2012, the company has achieved better
growth in its profitability. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The company can be considered for business dealings at usual trade
terms and condition. |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
India’s current account
deficit narrowed in the quarter ended September as government measures to curb
imports, especially gold, kicked in. The current account deficit, the
excess of a country’s imports of goods and services over exports, narrowed to $
5.2 billion from $ 21 billion in the year ago period, according to provisional
Reserve Bank of India data. Finance Minister P. Chidambaram said the CAD for
the year will be less than $ 60 billion or 3 per cent of GDP and the latest
data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third quarter,
according to a study by RSA. India ranks fourth in the list of nations hit by
phishing attacks. The US remained at the top of the charts. Phishing is the
process of acquiring information such as user names, passwords and credit card
details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
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 DENIED BY
|
Name : |
Ms. Samya |
|
Designation : |
Account Department |
|
Contact No.: |
91-44-47112233 |
|
Date : |
27.12.2013 |
LOCATIONS
|
Registered Office : |
Nokia Telecom Special Economic Zone, Plot 1A, SIPCOT Industrial Park –
Phase III, Sriperumbudur – 602 105, Tamil Nadu, India |
|
Tel. No.: |
91-44-47112233 |
|
Fax No.: |
91-44-47112233 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Amit Gupta |
||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||
|
Address : |
6B, Kanakalaxmi Apartments, Street No.6, Himayat Nagar, Hyderabad –
500 036, Andhra Pradesh, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
17.11.1976 |
||||||||||||||||||||||||
|
Date of Appointment : |
08.10.2010 |
||||||||||||||||||||||||
|
DIN No.: |
03464288 |
||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Cornelis Martinus Petrus Maria Saris |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
Cadier En Keer, Netherlands - 6267, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
13.01.1959 |
||||||||||||||||||||||||
|
Date of Appointment : |
19.09.2008 |
||||||||||||||||||||||||
|
DIN No.: |
02321151 |
||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Ms. Samya |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Lite-On Mobile PTE Limited, Finland |
|
59094854 |
|
Perlos Corporation, Singapore |
|
1 |
|
|
|
|
|
Total |
|
59094855 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2012
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and
supplier of Moulded Components for the Telecommunication Industry. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2010)
|
Particulars |
Installed
Capacity |
|
Plastic Moulded Components |
392,185,200 |
|
Metal Components |
760,450,447 |
|
Light Guide Assembly |
101,178,000 |
|
Total |
1,253,813,647 |
Note:
*Installed capacity is the annual installed capacity
and being a technical matter, is as certified
by management and relied on by the auditors.
The installed capacity is subject to product
mix, utilization of plant and machinery, which is common for the products
manufactured.
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
·
Royal Bank of Scotland ·
ICICI Bank Limited ·
HDFC Bank Limited ·
Citi Bank India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
ASV N Ramana Towers, 52 Venkatanarayana Road, TNagar, Chennai – 17,
Tamil Nadu, India |
|
PAN No.: |
AACFD3771D |
|
|
|
|
Holding Company
: |
Lite On Mobile PTE Limited, Singapore |
|
|
|
|
Associate : |
·
Perlos Oyj Finland, Finland ·
-- Perlos (Guanzhou) Engineering Plastics Company
Limited, China ·
-- Perlos (Beijing) Electronics and
Telecommunication Components Company Limited, China ·
-- Perlos LTDA, Manaus, Brazil ·
-- Perlos Mexico Holding Corporation, Mexico ·
-- Perlos Mexico S.A DE C.V, Reynosa, Mexico ·
-- Perlos Precision Molds (Shenzhen) Company
Limited, China ·
-- Perlos Precizios M Plastics K ft, Hungary ·
-- Silitech Technology Corporation, Taipei,
Taiwan ·
-- Silitech Technology (Suzhou) Company Limited,
Suzhou City, China ·
-- Xurong Electronics (Shenzhen) Company Limited,
Shenzhen City, China ·
-- Silitech (Bermuda) Holding Limited, Taipej,
Taiwan ·
-- Perlos Guangzhou 3 Factory, China ·
-- Perlos (Guangzhou) Components Company Limited,
China |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
59105000 |
Equity Shares |
Rs. 10/- each |
Rs.591.050 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
59094855 |
Equity Shares |
Rs. 10/- each |
Rs.590.949 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
590.949 |
482.050 |
|
(b) Reserves & Surplus |
|
590.327 |
86.860 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1181.276 |
568.910 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1709.832 |
1485.510 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
25.862 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
1709.832 |
1511.372 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
237.214 |
|
(b) Trade payables |
|
1395.309 |
1871.401 |
|
(c) Other current
liabilities |
|
103.021 |
128.583 |
|
(d) Short-term provisions |
|
8.702 |
52.880 |
|
Total Current Liabilities (4) |
|
1507.032 |
2290.078 |
|
|
|
|
|
|
TOTAL |
|
4398.140 |
4370.360 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
2314.944 |
1925.368 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
80.252 |
557.328 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
2.836 |
0.000 |
|
(d) Long-term Loan and Advances |
|
17.881 |
24.275 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
2415.913 |
2506.971 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
527.902 |
531.957 |
|
(c) Trade receivables |
|
1229.332 |
773.869 |
|
(d) Cash and cash
equivalents |
|
85.055 |
441.616 |
|
(e) Short-term loans and
advances |
|
81.568 |
55.341 |
|
(f) Other current assets |
|
58.370 |
60.606 |
|
Total Current Assets |
|
1982.227 |
1863.389 |
|
|
|
|
|
|
TOTAL |
|
4398.140 |
4370.360 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
482.050 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
12.406 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
494.456 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
3.660 |
|
|
2] Unsecured Loans |
|
|
1604.047 |
|
|
TOTAL BORROWING |
|
|
1607.707 |
|
|
DEFERRED TAX LIABILITIES |
|
|
72.387 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2174.550 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1898.669 |
|
|
Capital work-in-progress |
|
|
250.233 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
416.439 |
|
|
Sundry Debtors |
|
|
427.730 |
|
|
Cash & Bank Balances |
|
|
317.727 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
39.298 |
|
Total
Current Assets |
|
|
1201.194 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
1221.433 |
|
|
Provisions |
|
|
17.263 |
|
Total
Current Liabilities |
|
|
1238.696 |
|
|
Net Current Assets |
|
|
(37.502) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
OTHER ASSETS |
|
|
63.150 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2174.550 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
7248.190 |
4734.520 |
4419.610 |
|
|
|
|
Other Income |
47.010 |
20.580 |
300.650 |
|
|
|
|
TOTAL |
7295.200 |
4755.100 |
4720.260 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
TOTAL |
693.360 |
4625.070 |
4221.300 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
358.840 |
130.030 |
498.960 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
138.810 |
102.100 |
87.390 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
220.030 |
27.930 |
411.570 |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
40.340 |
12.410 |
(399.160) |
||
|
|
|
|
|
|
||
|
|
BALANCE CARRIED
TO THE B/S |
260.370 |
40.340 |
12.410 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Export Earnings |
113.810 |
153.230 |
254.210 |
|
|
|
TOTAL EARNINGS |
113.810 |
153.230 |
254.210 |
||
|
|
|
|
|
|
||
|
|
TOTAL IMPORTS |
4358.970 |
2778.440 |
3235.390 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
3.70 |
NA |
NA |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.02
|
0.59 |
8.72 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.95
|
2.75 |
11.29 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.35
|
3.43 |
16.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30
|
0.23 |
1.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.45
|
3.03 |
3.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.32
|
0.81 |
0.97 |
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 |
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 |
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 |
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 LOANS:
|
Particulars |
31.03.2012 Rs. In Millions |
31.03.2011 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Loans and
Advances from related parties |
1707.062 |
1483.294 |
|
|
|
|
|
Total |
1707.062 |
1483.294 |
NOTE: No Charges Exist
for Company.
REVIEW OF
OPERATIONS:
Subject shows more than 50% growth in sales compared to the previous year.
Subject ended with net profit of Rs.220.030 millions comparing the previous
year of Rs.27.930 millions, in spite of the global completive environment.
FIXED ASSETS:
·
Leasehold Land
·
Building
·
Plant and Equipment
·
Furniture and Fixtures
·
Computer and Accessories
·
Office Equipment
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 records 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.61.93 |
|
|
1 |
Rs.102.39 |
|
Euro |
1 |
Rs.85.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
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 |
|
42 |
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.