MIRA
INFORM REPORT
|
Report Date : |
03.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
SHIVA PHARMACHEM LIMITED (w.e.f. 04.07.2011) |
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|
|
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Formerly Known
As : |
SPPL INDIA LIMITED (w.e.f. 01.04.2011) SHIVA PHARMACHEM LIMITED (w.e.f. 30.06.2010) SHIVA PHARMACHEM PRIVATE LIMITED |
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Registered
Office : |
9th Floor, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
18.03.1999 |
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Com. Reg. No.: |
04-35615 |
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Capital
Investment / Paid-up Capital : |
Rs.69.502 Millions |
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|
|
|
CIN No.: [Company Identification
No.] |
U24231GJ1999PLC035615 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDS01031C |
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PAN No.: [Permanent Account No.] |
AALFS0672H/ AAJCS3940B |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer, Supplier, Trader, Exporter and Importer of
Multifunctional Intermediates and Speciality Chemicals. |
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|
No. of Employees
: |
175 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 2300000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a Tash Investment Private Limited. It is an established
company having a satisfactory track record. Profitability of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and condition. Note: Latest financial for the year 2013 is not available with us. |
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
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities: BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
19.03.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities: A3+ |
|
Rating Explanation |
Moderate degree of safety and high credit risk. |
|
Date |
19.03.2013 |
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 PARTED BY
|
Name : |
Mr. Chirag Patel |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9824443570 |
|
Date : |
30.12.2013 |
LOCATIONS
|
Registered/ Corporate Office : |
9th Floor, |
|
Tel. No.: |
91-265-2321418 / 2335432 |
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Mobile No.: |
91-9824443510 (Mr. Chirag Patel) |
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Fax No.: |
91-265-2357238 |
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E-Mail : |
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Website : |
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Area : |
5000 Sq. ft. |
|
Location : |
Owned |
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|
Factory : |
Block No. 588, Village-Luna, Taluka-Padra. District-Vododara -391440,
Gujarat, India |
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Tel. No.: |
91-2662-221021/ 224360 |
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Fax No.: |
91-2662-223314 |
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Email : |
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Area : |
42000 Sq. Meters |
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Location : |
Owned |
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Sales Office : |
Located at ·
Kandla, Gujarat, India ·
Nariman Point, Mumbai, Maharashtra, India |
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|
|
One Alpine Way, |
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Tel. No.: |
973-535-6135 |
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Fax No.: |
973-535-6149 |
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Email : |
DIRECTORS
As on 30.08.2013
|
Name : |
Mr. Vishal Rakesh Agrawal |
|
Designation : |
Managing Director |
|
Address : |
61, Alkapuri Society, Alkapuri, Vododara – 390 005, Gujarat, India |
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Date of Birth/Age : |
01.10.1974 |
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Qualification : |
Bech of Engineering |
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Date of Appointment : |
18.03.1999 |
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DIN No.: |
00056800 |
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|
|
|
Name : |
Mr. Rakesh Shivbhagwan Agrawal |
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Designation : |
Director |
|
Address : |
61, Alkapuri Society, Alkapuri, Vododara – 390 005, Gujarat, India |
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Date of Birth/Age : |
08.06.1947 |
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Qualification : |
Bech of Engineering |
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Date of Appointment : |
29.09.2001 |
|
DIN No.: |
00057955 |
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|
|
|
Name : |
Mr. Rahul Rakesh Agrawal |
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Designation : |
Managing Director |
|
Address : |
174, 17th Floor, NCPA Apartment, Nariman Point, Mumbai – 400021,
Maharashtra, India |
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Date of Birth/Age : |
04.03.1978 |
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Qualification : |
Bech of Engineering, MBA |
|
Date of Appointment : |
18.03.1999 |
|
DIN No.: |
KEY EXECUTIVES
|
Name : |
Mr. Chirag Patel |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.08.2013
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Rakesh S Agrawal |
|
270000 |
|
Vishal R Agrawal |
|
270000 |
|
Rahul R Agrawal |
|
270000 |
|
Uma R Agrawal |
|
270000 |
|
Tash Investment Private Limited, |
|
5870000 |
|
Madhavi V Agrawal |
|
100 |
|
Ruchika R Agrawal |
|
100 |
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|
|
|
|
Total |
|
6950200 |
Equity Share Break up (Percentage of Total Equity)
As on 30.08.2013
|
Category |
Percentage |
|
Bodies corporate |
84.46 |
|
Directors or relatives of Directors |
15.54 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Supplier, Trader, Exporter and Importer of Multifunctional
Intermediates and Speciality Chemicals.
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Products : |
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Exports : |
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Products : |
Fiished Goods |
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Countries : |
· Japan · Mexico |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
· Singapore · China · Europe · America |
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Terms : |
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Selling : |
L/C and Credit (60 days) |
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Purchasing : |
L/C and Credit (60 days) |
GENERAL INFORMATION
|
Customers : |
Manufacturer |
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No. of Employees : |
175 (Approximately) |
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Bankers : |
·
IDBI Bank Limited IDBI Tower WTC Complex, Cuffe Parade, Mumbai – 400005, Maharashtra,
India Contact No.:91-22-66552383 ·
IDBI
Bank, Race Course, Vododara,
Gujarat, India ·
Standard
Chartered Bank, Abhijeet II,
Ground Floor, Near Mithakali Six Roads, Ahmedabad – 380006, Gujarat, India Contact No.:
91-79-39404444/ 66014444 · HDFC Bank HDFC Bank House, Senapti Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India Contact No.: 91-22-66521308/ 9323620828 |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Talati and Talati Chartered Accountants |
|
Address : |
2nd and 3rd
Floor, Ambica Chambers, Near Old High Court, Navrangpura, Ahmedabad – 380009,
Gujarat, India |
|
Tel. No.: |
91-265-3058025-29 |
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Fax No.: |
91-265-3058027 |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFT4520A |
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Holding company: |
Tash Investment Private Limited, India CIN: U65993GJ1986PTC008516 |
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Related Parties: |
Ankshree Investments and Trading Company Private Limited |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs.70.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6950200 |
Equity Shares |
Rs.10/- each |
Rs.69.502 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 |
|
69.502 |
69.502 |
|
(b) Reserves & Surplus |
|
498.411 |
327.485 |
|
(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) |
|
567.913 |
396.987 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
152.400 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
6.427 |
0.922 |
|
(c) Other long term liabilities |
|
0.045 |
0.045 |
|
(d) long-term provisions |
|
8.683 |
2.950 |
|
Total Non-current Liabilities (3) |
|
167.555 |
3.917 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
715.037 |
467.837 |
|
(b) Trade payables |
|
278.813 |
217.445 |
|
(c) Other current
liabilities |
|
22.020 |
43.028 |
|
(d) Short-term provisions |
|
46.545 |
17.976 |
|
Total Current Liabilities (4) |
|
1062.415 |
746.286 |
|
|
|
|
|
|
TOTAL |
|
1797.883 |
1147.190 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
465.464 |
380.937 |
|
(ii) Intangible Assets |
|
7.826 |
2.8670 |
|
(iii) Capital
work-in-progress |
|
169.688 |
17.166 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
1.100 |
1.055 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
44.249 |
25.519 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
688.327 |
427.544 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
209.943 |
125.982 |
|
(c) Trade receivables |
|
764.629 |
492.376 |
|
(d) Cash and cash
equivalents |
|
90.986 |
52.304 |
|
(e) Short-term loans and
advances |
|
43.998 |
48.984 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
1109.556 |
719.646 |
|
|
|
|
|
|
TOTAL |
|
1797.883 |
1147.190 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
69.502 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
192.724 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
262.226 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
13.377 |
|
|
2] Unsecured Loans |
|
|
80.000 |
|
|
TOTAL BORROWING |
|
|
93.377 |
|
|
DEFERRED TAX LIABILITIES |
|
|
2.241 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
357.844 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
220.080 |
|
|
Capital work-in-progress |
|
|
7.956 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.980 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
47.913
|
|
|
Sundry Debtors |
|
|
234.526
|
|
|
Cash & Bank Balances |
|
|
15.641
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
133.771
|
|
Total
Current Assets |
|
|
431.851
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
201.934
|
|
|
Other Current Liabilities |
|
|
4.713
|
|
|
Provisions |
|
|
96.376
|
|
Total
Current Liabilities |
|
|
303.023
|
|
|
Net Current Assets |
|
|
128.828
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
357.844 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3185.605 |
2140.321 |
1078.851 |
|
|
|
Other Income |
47.401 |
15.283 |
7.125 |
|
|
|
TOTAL (A) |
3233.006 |
2155.604 |
1085.976 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
2498.051 |
1629.611 |
|
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
(61.051) |
(56.702) |
|
|
|
|
Employee benefit expense |
102.771 |
69.509 |
|
|
|
|
Other expenses |
217.747 |
203.533 |
|
|
|
|
TOTAL (B) |
2757.518 |
1845.951 |
728.000 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
475.488 |
309.653 |
357.976 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
129.501 |
15.773 |
19.394 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
345.987 |
293.880 |
338.582 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
41.999 |
29.284 |
22.806 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
303.988 |
264.596 |
315.776 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
100.751 |
81.282 |
66.824 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
203.237 |
183.314 |
248.952 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
269.385 |
192.724 |
59.127 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend on Pref. Shares |
0.000 |
13.929 |
0.000 |
|
|
|
Proposed Dividend on Equity Shares |
27.801 |
27.801 |
0.000 |
|
|
|
Tax on Proposed Dividend |
4.510 |
6.824 |
0.000 |
|
|
|
Transferred to General Reserve |
20.324 |
18.100 |
0.000 |
|
|
|
Transferred to Capital Redemption Reserve |
0.000 |
40.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
419.987 |
269.385 |
192.724 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
1340.009 |
1049.751 |
707.901 |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
2277.293 |
1396.969 |
541.945 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
29.24 |
26.38 |
35.82 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
6.29
|
8.50 |
22.92 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.40
|
12.27 |
29.27 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
18.68
|
23.44 |
48.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.54
|
0.67 |
1.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.53
|
1.18 |
0.36 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.04
|
0.96 |
1.43 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
Current maturities of long-term debt |
0.000 |
1.452 |
NA
|
|
|
|
|
|
|
Total |
0.000 |
1.452 |
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 |
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 |
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 |
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 |
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 |
Yes |
UNSECURED LOAN
|
PARTICULARS |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
Short-term
borrowings |
|
|
|
Loans and advances from directors |
1.000 |
15.600 |
|
Loans and advances from others |
0.000 |
11.000 |
|
Total |
1.000 |
26.600 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10424746 |
01/05/2013 |
300,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B74764317 |
|
2 |
10368162 |
20/07/2012 |
300,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B44728483 |
|
3 |
10342265 |
26/06/2013 * |
293,462,500.00 |
STANDARD CHARTERED BANK |
ABHIJEET II,GROUND
FLOOR, NEAR MITHAKALI SIX ROADS, AHMEDABAD, GUJARAT - 380006, INDIA |
B79197422 |
|
4 |
10291377 |
20/09/2013 * |
500,000,000.00 |
STANDARD CHARTERED BANK |
ABHIJEET II, GROUND
FLOOR, NEAR MITHAKALI SIX ROADS, AHMEDABAD, GUJARAT - 380006, INDIA |
B89229355 |
|
5 |
10122465 |
23/11/2013 * |
1,200,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWERWTC
COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B90330333 |
|
6 |
10036353 |
20/01/2007 |
20,000,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA
LIMITED |
IDBI TOWERWTC
COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A10287076 |
|
7 |
90100098 |
23/11/2013 * |
800,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWERWTC
COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B90013806 |
* Date of charge modification
FIXED ASSETS
Tangible assets
·
Land
·
Buildings
·
Plant and equipment
·
Other pollution reduction
equipment
·
Furniture and fixtures
·
Vehicles
·
Computer equipments
Intangible assets
·
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 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.61.90 |
|
|
1 |
Rs.102.74 |
|
Euro |
1 |
Rs.85.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.