MIRA
INFORM REPORT
|
Report Date : |
04.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
E I DUPONT INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
7th Floor, Tower C DLF, Cyber Greens, Sector – 25A, DLF City, Phase – III, Gurgaon-122002, Haryana |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
10.12.1998 |
|
|
|
|
Com. Reg. No.: |
05-034086 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.561.327
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24299HR1998PTC034086 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RTKE01049G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACE2462M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers and Exporters of Engineering Polymers, Agrochemicals, Synthetic Monofilament Yarn Polyamide Monofilament. |
|
|
|
|
No. of Employees
: |
550 (In Office + In Factory) Approximately |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 17100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Du
Pont India Limited, USA” It is an established company having satisfactory track record. There
appears some dip in the profitability of the company during 2012. However, trade relations are reported as decent. Business is active.
Payments are reported to be usually correct and as per commitments. The company can be considered for normal business dealings 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.
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 PARTED BY [GENERAL DETAILS]
|
Name : |
Mr. Rajat |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-124-4091818 |
|
Date : |
03.01.2014 |
LOCATIONS
|
Registered / Corporate Office : |
7th Floor, Tower C DLF, Cyber Greens, Sector – 25A, DLF City, Phase – III, Gurgaon – 122 002, Haryana, India |
|
Tel. No.: |
91-124-4091818/ 2540900/ 2540875 to 2540885 |
|
Fax No.: |
91-124-2540889 to 2540892/ 2540900 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
· Plot No. II, GIDC Industrial Estate, Manjusar Village, Savli Taluka, District Vadodara – 391 775, Gujarat, India Tel. No.: 91-2667-264201/ 664000 Fax No.: 91-2667-264226/ 264214 · Plot No. I, K. V. 1, GIDC Industrial Estate, Allindra Village, Savli Taluka, District Vadodara – 391 775, Gujarat, India Tel No.: 91-2667-666000 Fax No.: 91-2667-264220 ·
·
Plot No. 339, at Zak, Taluka Dehgam, District
Ahemadabad, · Elnet Software City, TSI 40, Block 2 and 9, 3rd Floor, Module 31, Rajiv Gandhi Road, Taramani, Chennai-600 113, Tamilnadu, India |
|
|
|
|
Branch Office 1 : |
Chemical Industries, Indian Corporation, Bldg No.62 and 63, Mankoli Naka, Bhiwandi-421303, Maharashtra, India |
|
|
|
|
Branch Office 2 : |
10 Floor, 1001-1012, Meadows, Sahar Plaza, Andheri (East),
Mumbai-400059, Maharashtra, India |
DIRECTORS
AS ON 30.09.2012
|
Name : |
Mr. Ram Krishna Mudholkar |
|
Designation : |
Executive Director |
|
Address : |
H -37/3, DLF Phase – I, Gurgaon – 122 002, |
|
Date of Birth/Age : |
10.04.1959 |
|
Date of Appointment : |
27.10.2004 |
|
DIN No.: |
00012850 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U91110DL1980GAP216937 |
CROPLIFE
INDIA |
Director |
14/11/2003 |
14/11/2003 |
Active |
NO |
|
2 |
U24299HR1998PTC034086 |
E I
DUPONT INDIA PRIVATE LIMITED |
Director |
27/10/2004 |
27/10/2004 |
Active |
NO |
|
Name : |
Mr. Homi Cawas Bhedkar |
|
Designation : |
Director |
|
Address : |
C-6, |
|
Date of Birth/Age : |
10.12.1948 |
|
Date of Appointment : |
14.09.2007 |
|
DIN No.: |
01944969 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24299HR1998PTC034086 |
E I
DUPONT INDIA PRIVATE LIMITED |
Director |
28/09/2007 |
14/09/2007 |
Active |
NO |
|
2 |
U74900AP2008PTC060867 |
E.I.
DUPONT SERVICES CENTRE INDIA PRIVATE LIMITED |
Director |
28/09/2012 |
07/08/2012 |
Active |
NO |
|
Name : |
Mr. Rajinder Sharma |
|
Designation : |
Director |
|
Address : |
1205-B, Beverly Park II, DLF City, Gurgaon-122102, Haryana, India |
|
Date of Birth/Age : |
01.12.1956 |
|
Date of Appointment : |
28.02.2012 |
|
DIN No.: |
00252490 |
|
|
|
|
Name : |
Mr. Rajeev Arvind Vaidya |
|
Designation : |
Director |
|
Address : |
AR 707, The Aralias, DLF Golf Links, Gurgaon-122009, Haryana, India |
|
Date of Birth/Age : |
04.01.1958 |
|
Date of Appointment : |
28.02.2012 |
|
DIN No.: |
05208166 |
|
|
|
|
Name : |
Mr. Anurag Srivastava |
|
Designation : |
Director |
|
Address : |
D-1, Gulrez Exclusive, Raj Bhavan Road, Somajiguda, Hyderabad-500082,
Andhra Pradesh, India |
|
Date of Birth/Age : |
26.07.1961 |
|
Date of Appointment : |
28.02.2002 |
|
DIN No.: |
02591063 |
KEY EXECUTIVES
|
Name : |
Mr. Jitendra Kumar Jagota |
|
Designation : |
Secretary |
|
Address : |
O-801, Designarch Apartment, Sector 5, Vaishali-201010, Uttar Pradesh,
India |
|
Date of Birth/Age : |
16.01.1972 |
|
Date of Appointment : |
28.12.2011 |
|
Pan No.: |
ACQPJ8494I |
|
|
|
|
Name : |
Mr. Rajat |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Dupont India Limited, USA |
|
55947880 |
|
E I Dupont De Nemours and Company., |
|
184764 |
|
Dupont Far East Inc., |
|
20 |
|
|
|
|
|
TOTAL
|
|
56132664 |
AS ON 30.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and Exporters of Engineering Polymers, Agrochemicals, Synthetic Monofilament Yarn Polyamide Monofilament. |
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Products : |
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Exports : |
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Products : |
Finished Goods |
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|
Countries : |
·
Europe ·
Middle East ·
USA |
|
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|||||||||||||
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Terms : |
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|
||||||||||||
|
Selling : |
LC and Credit |
|
||||||||||||
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|
|
|
||||||||||||
|
Purchasing : |
LC and Credit |
|
||||||||||||
PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
Unit |
Licensed
Capacity* |
Installed
Capacity* |
Actual
Production |
|
Delrin® Polyacetal Resins |
Tonnes per Annum |
9504 |
9504 |
5768 |
|
Zytel® Polyamide Resins |
Tonnes per Annum |
6384 |
6384 |
4807 |
|
Engineering and Industrial
Products based on Poly Tetra Fluoro Ethylene - Teflon® Non Stick Finishes |
Kgs per Annum |
300000 |
300000 |
58466 |
|
Synthetic
Monofilament Yarn Polyamide Monofilament- Tynex® (based on
standard up-time on single shift basis) |
Kgs per Annum |
520000 |
520000 |
324139 |
|
Refrigerant Gas
SUVA® |
Kgs per Annum |
120000 |
120000 |
2542 |
|
Performance
Coatings – Refinishes (based on standard up-time on triple shift basis) |
Litres per Annum |
-- |
6960000 |
825820 |
|
Fungicides - Lannate®
and Curzate® |
Tonnes per Annum |
-- |
1750 |
449 |
|
Insecticides -
Avaunt® |
KL per Annum |
-- |
1500 |
426 |
|
Insecticides -
Rynaxypyr® |
KL per Annum |
-- |
2500 |
353 |
|
Herbicides -
Almix®, Algrip® and Kloben® |
MT per Annum |
-- |
125 |
37 |
NOTE: *As certified by the Management and accepted
by the auditors being a technical matter.
GENERAL INFORMATION
|
No. of Employees : |
550 (In Office + In Factory) Approximately |
|
|
|
|
Bankers : |
· Citi Bank N.A, Cyber Greens, Gurgaon, Haryana, India · Bank of America, Gurgaon, Haryana, India · ABN Amro Bank N. V., Gurgaon, Haryana, India · State Bank of India, Gurgaon, Haryana, India · Deutsche Bank · ICICI Bank Limited, Gurgaon, Haryana, India · Standard Chartered Bank · Corporation Bank |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Building 8, 7th and 8th Floor, Tower – B, DLF Cyber City, Gurgaon-122002, Haryana, India |
|
PAN No: |
AAEFP3641G |
|
|
|
|
Holding Company : |
DuPont India
Limited, USA |
|
|
|
|
Ultimate Holding Company : |
E.I. DuPont De
Nemours and Company Inc |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000000 |
Equity Shares |
Rs.10/- each |
Rs.2500.000 Millions |
|
500000 |
Preferences Shares |
Rs.100/- each |
Rs.50.000 Millions |
|
|
Total
|
|
Rs.2550.000 Millions
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
56132664 |
Equity Shares |
Rs.10/- each
|
Rs.561.327
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
561.327 |
561.327 |
561.327 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
3725.394 |
2771.088 |
261.518 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
4286.721 |
3332.415 |
822.845 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
2989.634 |
2593.180 |
1011.968 |
|
|
TOTAL BORROWING |
2989.634 |
2593.180 |
1011.968 |
|
|
DEFERRED TAX LIABILITIES |
209.957 |
174.590 |
154.806 |
|
|
|
|
|
|
|
|
TOTAL |
7486.312 |
6100.185 |
1989.619 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3712.704 |
2964.577 |
2716.949 |
|
|
Capital work-in-progress |
338.475 |
489.869 |
89.524 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
4527.784
|
3787.324 |
3942.841
|
|
|
Sundry Debtors |
5326.917
|
4710.213 |
3845.893
|
|
|
Cash & Bank Balances |
137.369
|
294.087 |
125.054
|
|
|
Other Current Assets |
192.143
|
119.970 |
0.000 |
|
|
Loans & Advances |
1411.161
|
1215.237 |
1013.943
|
|
Total
Current Assets |
11595.374
|
10126.831 |
8927.731 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
7652.487
|
7117.318 |
5772.432
|
|
|
Other Current Liabilities |
354.131
|
292.436 |
279.256
|
|
|
Provisions |
153.623
|
71.338 |
3692.897
|
|
Total
Current Liabilities |
8160.241
|
7481.092 |
9744.585 |
|
|
Net Current Assets |
3435.133
|
2645.739 |
(816.854)
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
7486.312 |
6100.185 |
1989.619 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
26076.140 |
21579.990 |
15984.850 |
|
|
|
Other Income |
17.410 |
97.080 |
1809.760 |
|
|
|
TOTAL |
26093.550 |
21677.070 |
17794.610 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
24363.470 |
19154.970 |
15224.380 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
Financial Expenses |
|
|
|
|
|
|
TOTAL |
24363.470 |
19154.570 |
15224.380 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1730.080 |
2522.500 |
2570.230 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
305.870 |
254.980 |
171.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
1424.210 |
2267.520 |
2398.830 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
469.900 |
739.780 |
836.120 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
954.310 |
1527.740 |
1562.710 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2614.820 |
105.250 |
2298.870 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
156.270 |
|
|
|
Proposed Dividend |
0.000 |
(841.990) |
3087.300 |
|
|
|
Dividend Tax on Proposed Dividend |
0.000 |
(139.840) |
512.760 |
|
|
BALANCE CARRIED
TO THE B/S |
3569.130 |
2614.820 |
105.250 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
1073.220 |
1544.051 |
|
|
|
Commission Earnings |
NA |
517.127 |
519.329 |
|
|
|
Service Income |
NA |
1254.605 |
801.447 |
|
|
TOTAL EARNINGS |
NA |
2844.952 |
2864.827 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
5306.817 |
4181.544 |
|
|
|
Capital Goods |
NA |
130.406 |
73.128 |
|
|
TOTAL IMPORTS |
NA |
5437.223 |
4254.672 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
17.00 |
27.22 |
27.84 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.65
|
7.05
|
8.78 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.46
|
10.50
|
15.01 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.30
|
17.32
|
20.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33
|
0.68
|
2.92 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.70
|
0.78
|
1.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.42
|
1.36
|
0.92 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
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 |
No |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY
|
UNSECURED LOAN |
As
on 31.03.2012 [Rs.
in Millions] |
As
on 31.03.2011 [Rs.
in Millions] |
|
Borrowing from foreign companies |
609.300 |
536.617 |
|
Loans and advances from directors |
2380.334 |
2056.563 |
|
TOTAL
|
2989.634 |
2593.180 |
PERFORMANCE REVIEW:
Subject ended the
year with a strong growth of 23% in Gross Sales. There was a higher growth in manufactured
products as compared to traded products and that’s mainly coming out of DuPont
Protection Technologies, DuPont Performance Coatings and DuPont Crop Protection
business. Volume Growth and Price Increases, both the factors have played a
role to achieve this growth. Customer centric approach and Key Account
relationships are really helping the company to position itself as solutions
provider contributing to the growth. Marketing and Channel strategies is
helping the company to create a value proposition for the customer leading to
the increased revenue. The above strategies along with the multiple ongoing
projects will bring the sustainable growth in the years to come.
FIXED ASSETS
·
Land (Freehold/ Leasehold)
·
Buildings (Factory/ Office)
·
Plant and Machinery
·
Office Equipments
·
Computers
·
Computer – Leased
·
Furniture and Fixtures
·
Lease Hold Improvements
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.40 |
|
|
1 |
Rs.102.54 |
|
Euro |
1 |
Rs.85.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.