1. Summary Information
|
|
|
Country |
India |
|
Company Name |
PHOENIX CONVEYOR BELT INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Claus Peter Spille |
|
Status |
Good |
Principal Name 2 |
Mr. Bernd Edgar Kuesel |
|
|
|
Registration # |
21-087713 |
|
Street Address |
Muragacha Road, PO Gayeshpur, District Kalyani, Nadia, Kolkata-741234,
West Bengal, India |
||
|
Established Date |
11.08.1998 |
SIC Code |
-- |
|
Telephone# |
91-33-25898266/ 8727 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-33-25898681/ 8527 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Steel Cord |
|
|
# of employees |
Not Available |
Product Name 2 |
Textile Conveyor Belts |
|
Paid up capital |
Rs.459,349,000 /- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings – 100% |
Banking |
Not
Available |
|
Public Limited Corp. |
NO |
Business Period |
16 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
A
(59) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Ultimate Holding Company |
Germany |
Continental AG |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.12.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
2,437,600,000 |
Current Liabilities |
892,100,000 |
|
Inventories |
359,000,000 |
Long-term Liabilities |
0,000 |
|
Fixed Assets |
440,600,000 |
Other Liabilities |
61,700,000 |
|
Deferred Assets |
17,900,000 |
Total Liabilities |
953,800,000 |
|
Invest& other Assets |
120,700,000 |
Retained Earnings |
1,962,700,000 |
|
|
|
Net Worth |
2,422,000,000 |
|
Total Assets |
3,375,800,000 |
Total Liab. & Equity |
3,375,800,000 |
|
Total Assets (Previous Year) |
2,633,653,000 |
|
|
|
P/L Statement as of |
31.12.2012 |
(Unit: Indian Rs.) |
|
|
Total Income |
4,648,000,000 |
Net Profit |
468,100,000 |
|
Total Income (Previous yr) |
3,703,254,000 |
Net Profit(Prev.yr) |
252,064,000 |
MIRA
INFORM REPORT
|
Report Date : |
16.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
PHOENIX CONVEYOR BELT INDIA PRIVATE LIMITED (w.e.f. 26.08.2011) |
|
|
|
|
Formerly Known
As : |
PHOENIX YULE PRIVATE LIMITED (w.e.f. 05.01.2010) PHOENIX YULE LIMITED |
|
|
|
|
Registered
Office : |
Muragacha Road, PO Gayeshpur, District Kalyani, Nadia, Kolkata-741234,
West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2012 |
|
|
|
|
Date of
Incorporation : |
11.08.1998 |
|
|
|
|
Com. Reg. No.: |
21-087713 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.459.300 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24134WB1998PTC087713 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALP03210E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP5595P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Steel Cord and Textile Conveyor Belts. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (59) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 9688000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of Phoenix B.V., Netherlands. It is a well
established and reputed company having fine track record. Financial position of the company appears to be sound. Directors are
reported as well experienced and knowledgeable businessmen. Trade relations are reported as trustworthy. Business is active.
Payments are reported to be regular and as per commitments. The company can be considered good for 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
A+ (Fund Based Limits) |
|
Rating Explanation |
Adequate degree of safety. It carry low credit risk. |
|
Date |
March 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
A1+ (Non Fund Based Limits) |
|
Rating Explanation |
Highest degree of safety and carry lowest credit risk. |
|
Date |
March 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.
LOCATIONS
|
Registered Office/ Factory : |
Muragacha Road, PO Gayeshpur, District Kalyani, Nadia, Kolkata-741234,
West Bengal, India |
|
Tel. No.: |
91-33-25898266/ 8727/ 7925 |
|
Fax No.: |
91-33-25898681/ 8527 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Ideal Plaza, “North Block, 4th Floor, 11/1A, Sarat Bose
Road, Kolkata-700020, West Bengal, India |
|
Tel. No.: |
91-33-22806634 / 6637 |
|
Fax No.: |
91-33-22806638/ 22831832 |
|
E-Mail : |
|
|
|
|
|
Sales and Service
Points : |
Located at: · Mumbai · New Delhi · Chennai ·
Secunderabad |
DIRECTORS
As on: 05.03.2013
|
Name : |
Smita Pandit Chakraborty |
|
Designation : |
Managing Director |
|
Address : |
44/7, Garcha Road, 1st Floor, Kolkata – 700019, West Bengal,
India |
|
Date of Birth/Age : |
07.10.1971 |
|
Date of Appointment : |
01.10.2013 |
|
DIN No.: |
06701975 |
|
|
|
|
Name : |
Mr. Claus Peter Spille |
|
Designation : |
Director Appointed in Casual Vacancy |
|
Address : |
Wedemark, Mellendorf-030900 |
|
Date of Birth/Age : |
02.02.1968 |
|
Date of Appointment : |
11.12.2007 |
|
Passport No.: |
155225462 |
|
DIN No.: |
02248277 |
|
|
|
|
Name : |
Hans Juergen Duensing |
|
Designation : |
Additional Director |
|
Address : |
Raffelbergweg D 30853, Langenhagen |
|
Date of Birth/Age : |
20.05.1958 |
|
Date of Appointment : |
11.07.2006 |
|
Passport No.: |
1539305105 |
|
DIN No.: |
00764477 |
|
|
|
|
Name : |
Mr. Bernd Edgar Kuesel |
|
Designation : |
Director |
|
Address : |
Schafshagenberg, 31A, Hamburg-21077 |
|
Date of Birth/Age : |
09.10.1950 |
|
Date of Appointment : |
01.02.1999 |
|
Passport No.: |
1336129386 |
|
DIN No.: |
01687468 |
|
|
|
|
Name : |
Mr. Andreas Huck |
|
Designation : |
Director Appointed in Casual Vacancy |
|
Address : |
Meersmannufer 19, Hannover, Hamburg, Germany |
|
Date of Birth/Age : |
18.07.1969 |
|
Date of Appointment : |
08.11.2008 |
|
Passport No.: |
C2181W6MW |
|
DIN No.: |
02502613 |
KEY EXECUTIVES
|
Name : |
Mr. Partha Kamal Sen |
|
Designation : |
Secretary |
|
Address : |
Flat 8C1, Brook Tower, Hi Land Park, Kolkata-700094, West Bengal,
India |
|
Date of Birth/Age : |
26.07.1958 |
|
Date of Appointment : |
19.06.2008 |
|
PAN No.: |
AIOPS2541J |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 05.03.2013
|
Names of Shareholders |
|
No. of Shares |
|
Contitech TBS GmbH, Germany |
|
1 |
|
Phoenix BV, Netherland |
|
45934899 |
|
|
|
|
|
Total |
|
45934900 |
Equity Share Break up (Percentage of Total Equity)
As on: 05.03.2013
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Steel Cord and Textile Conveyor Belts. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B S R and Associates Chartered Accountants |
|
Address : |
Infinity Benchmark, Plot No.G-1, 10th Floor, Block-EP and
GP, Sector V, Salt Lake City Kolkata-700091, West Bengal, India |
|
PAN No.: |
AADFB6889R |
|
|
|
|
Ultimate Holding
Company : |
Continental AG |
|
|
|
|
Fellow Subsidiary
Company : |
· Phoenix Conveyor Belts Systems GmbH · Contitech TransportbandSysteme GmbH · Contitech Antriebssysteme GmBH · IMAS SA · Contitech Rubber Industrial KFT · Caucho Tecnica S.A. · Continental do Brasil Produtos · MIRS (Mining Industrial Resource) |
CAPITAL STRUCTURE
As on: 31.03.2013
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 |
|
|
|
|
|
|
45934900 |
Equity Shares |
Rs.10/- each |
Rs.459.300 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.12.2012 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
459.300 |
|
(b) Reserves & Surplus |
|
|
1962.700 |
|
(c) Money received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
|
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
|
2422.000 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c) Other long term liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
17.500 |
|
Total Non-current
Liabilities (3) |
|
|
17.500 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
0.000 |
|
(b) Trade payables |
|
|
728.200 |
|
(c) Other current liabilities |
|
|
163.900 |
|
(d) Short-term provisions |
|
|
44.200 |
|
Total Current
Liabilities (4) |
|
|
936.300 |
|
|
|
|
|
|
TOTAL |
|
|
3375.800 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
440.500 |
|
(ii) Intangible Assets |
|
|
0.100 |
|
(iii) Capital work-in-progress |
|
|
120.700 |
|
(iv) Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
17.900 |
|
(d) Long-term Loan and Advances |
|
|
193.000 |
|
(e) Other Non-current assets |
|
|
47.100 |
|
Total Non-Current
Assets |
|
|
819.300 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
359.000 |
|
(c) Trade receivables |
|
|
891.900 |
|
(d) Cash and cash equivalents |
|
|
1228.700 |
|
(e) Short-term loans and advances |
|
|
74.100 |
|
(f) Other current assets |
|
|
2.800 |
|
Total Current
Assets |
|
|
2556.500 |
|
|
|
|
|
|
TOTAL |
|
|
3375.800 |
|
SOURCES OF FUNDS |
|
31.12.2011 |
31.12.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
459.349 |
459.349 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
1494.625 |
1242.561 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
1953.974 |
1701.910 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
5.958 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1959.932 |
1701.910 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
493.989 |
523.576 |
|
|
Capital work-in-progress |
|
8.857 |
4.616 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.411 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
310.673
|
202.498 |
|
|
Sundry Debtors |
|
930.473
|
749.519 |
|
|
Cash & Bank Balances |
|
635.366
|
889.122 |
|
|
Other Current Assets |
|
0.000
|
0.000 |
|
|
Loans & Advances |
|
254.295
|
215.118 |
|
Total
Current Assets |
|
2130.807
|
2056.257 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
414.923
|
417.600 |
|
|
Other Current Liabilities |
|
225.742
|
130.204 |
|
|
Provisions |
|
33.056
|
335.146 |
|
Total
Current Liabilities |
|
673.721
|
882.950 |
|
|
Net Current Assets |
|
1457.086
|
1173.307 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1959.932 |
1701.910 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
4648.000 |
3703.254 |
3008.596 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
3889.200 |
3262.915 |
2616.340 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
758.800 |
440.339 |
392.256 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
67.500 |
65.669 |
64.513 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
691.300 |
374.670 |
327.743 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
223.200 |
122.606 |
114.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
468.100 |
252.064 |
213.243 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1452.194 |
1200.130 |
1301.838 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
21.324 |
|
|
|
Dividend |
0.000 |
0.000 |
252.642 |
|
|
|
Tax on Dividend |
0.000 |
0.000 |
40.985 |
|
|
BALANCE CARRIED
TO THE B/S |
1920.294 |
1452.194 |
1200.130 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
354.100 |
125.351 |
122.305 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.19 |
5.49 |
4.64 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
PAT / Total Income |
(%) |
10.07 |
6.81
|
7.09 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
21.36 |
14.27
|
12.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.19
|
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00
|
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.73 |
3.16
|
2.33 |
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 |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
No |
|
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 |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
OPERATION :
During the year ended on 31st December 2012, the Company has achieved a turnover of Rs.4648.000 Millions as compared to Rs.3703.254 Millions in the previous year, an increased growth of 26% over the previous year. The recorded profit before tax of the Company during 2012 has become Rs.691.300 Millions as against Rs.374.670 Millions in 2011, and thus clocking a upward growth of 86% over the previous year. This has become achievable mostly for the stability in the raw-material prices.
COMPANY OVERVIEW
Subject is a private limited company domiciled and headquartered in India. It is incorporated under the Companies Act, 1956. The Company is primarily engaged in manufacture of steel cord and textile conveyor belts. The Company caters to both domestic and international markets.
FIXED ASSETS
Tangible Assets
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
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.61.59 |
|
|
1 |
Rs.101.09 |
|
Euro |
1 |
Rs.83.99 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
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 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
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 |
|
59 |
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.