MIRA
INFORM REPORT
|
Report Date : |
30.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
UNIGLOBE PACKAGING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
321, 3rd Floor, Arun Chambers, |
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|
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|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2013 |
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|
|
|
Date of
Incorporation : |
29.04.1999 |
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|
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|
Com. Reg. No.: |
11-119671 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 14.834 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25202MH1999PTC119671 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMU03314D |
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|
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PAN No.: [Permanent Account No.] |
AAACU3694D |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Importer of Flexible Packaging Materials. |
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|
No. of Employees
: |
12 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 830000 |
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|
|
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is a subsidiary of Amcor Flexibles India Private Limited. It is an established company having a satisfactory track record. The company has incurred loss during current year however, general
financial position of the company appears to be satisfactory. Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. The company can be considered normal 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.
INDIAN ECONOMIC OVERVIEW
The services sector, the largest contributor to India’s GDP, contracted
for the sixth consecutive month in December, as orders dipped. However, hiring
has risen. Direct tax collections rose 12.3 % during the April – December
period of the current financial year. The government has decided to
retain 100 per cent foreign direct investment in both greenfield (new) and
brown field (existing) pharmaceutical companies, despite concerns over genetic
drugs going out of production, if multi-national companies take over domestic
ones. In M&A deals, a non compete clause would not be allowed, except in
special circumstances. The Department of Industrial Policy and Promotion plans
to release the next edition of its consolidated foreign direct investment
policy document on March 31, incorporating changes made in the past year. DIPP
compiles all policies related to India’s FDI regime into a single document to
make it easy for investors to understand. 185 million estimated number of
mobile internet users in India by June 2014, according to a report by the
Internet & Mobile Association of India and IMRB International. India
had 110 million mobile internet users with 25 million in rural areas. $3.77 tn
estimated global IT spending in 2014, according to research firm Gartner Inc.
The growth forecast for this year is cut to 3.1 %from the earlier estimate of
3.5 %. The spending growth forecast for telecom services – a segment that
accounts for more than 40 % at total IT spending – from 1.9 per cent to 1.2 per
cent is the main reason for this overall IT cut. A Reserve Bank of India
committee has recommended setting up a special category of lenders who would
cater to small businesses and households, to expand the number of
customers with access to banking services. These banks would focus onproviding
payment services and deposit products. Indian banks want the free use of
automated teller machines to be capped at five transactions in a month
including that of the bank in which the account is active. This follows state
government order to banks to install security guards at ATM booths after a
woman banker was assaulted in Bangalore. The government is likely to present a
vote on Account in mid-February. The annual Economic Survey will be tabled
later in Parliament along with the full Budget. A full Budget for 2014/15 is
likely to be present in July by the new government formed after the General
Election. The government will soon launch an internet spy system, called Netra,
to detect malafide messages. Security agency will deploy the system to capture
dubious voice traffic on applications such as Skype and Google Talk, as well as
tweeters.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities: BBB (Withdrawn) |
|
Rating Explanation |
Moderate degree of safety. It carry moderate credit risk care has
withdrawn the rating assigned to the long term bank facilities of Uniglobe
Packaging Private Limited with immediate effect, as the company as fully repaid the amounts
under the said issue and there is no mount outstanding under the facilities
as on date. |
|
Date |
11.03.2013 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Ravi |
|
Designation : |
Purchase Department |
|
Contact No.: |
91-22-67160100 |
|
Date : |
28.01.2014 |
INFORMATION PARTED BY (FINANCIAL DETAILS)
|
Name : |
Ms. Anita |
|
Designation : |
Accounts Manger |
|
Date : |
28.01.2014 |
LOCATIONS
|
Registered Office : |
321, 3rd Floor, Arun Chambers, Tardeo Road, Mumbai –
400034, Maharashtra, India |
|
Tel. No.: |
91-22-67160101/ 67160100 |
|
Fax No.: |
91-22-24918129 |
|
E-Mail : |
|
|
Area : |
1200 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No. 36, 37 51 to 54, Silver Industrial Estate, Bhimpore, Daman, India |
|
Location : |
Owned |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Vikram Chandur Thadhani |
|
Designation : |
Director |
|
Address : |
2B Cosmopolis, 21 L D Ruparel Marg, Malabar
Hill, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
14.11.1970 |
|
Date of Appointment : |
29.04.1999 |
|
PAN No.: |
ABZPT0818K |
|
DIN No.: |
00121753 |
|
|
|
|
Name : |
Mr. Rajiv T. Thadani |
|
Designation : |
Director |
|
Address : |
201, Green Acres, 61 B Nargis Dutt Road, Pali Hill Bandra (West),
Mumbai – 400050, Maharashtra, India |
|
Date of Birth/Age : |
05.12.1962 |
|
Date of Appointment : |
29.04.1999 |
|
PAN No.: |
AADPT6963A |
|
DIN No.: |
00174398 |
|
|
|
|
Name : |
Mr. Andrew John Terry |
|
Designation : |
Additional director |
|
Address : |
90, Cardiff Grove, Singapore - 558956 |
|
Date of Birth/Age : |
21.05.1969 |
|
Date of Appointment : |
15.11.2012 |
|
DIN No.: |
03474186 |
|
|
|
|
Name : |
Mr. Anant Madhav Gadre |
|
Designation : |
Additional director |
|
Address : |
Flat No.102, Building 2b, Rajgiri, Siddhachal Complex, Off Pokharan,
Road No. 2, Thane (West), Thane – 400601, Maharashtra, India |
|
Date of Birth/Age : |
24.03.1965 |
|
Date of Appointment : |
15.11.2012 |
|
DIN No.: |
01963880 |
|
|
|
|
Name : |
Mr. Sanjeev Kumar Dhiman |
|
Designation : |
Additional director |
|
Address : |
Flat No. 701, Building A2, Cosmos Regency, Baner Road,
Pune ,Mumbai – 411045, Maharashtra, India |
|
Date of Birth/Age : |
05.08.1971 |
|
Date of Appointment : |
15.11.2012 |
|
DIN No.: |
02796730 |
|
|
|
|
Name : |
Mr. Nathalie Anja Ahlstrom |
|
Designation : |
Director |
|
Address : |
201, Ocean Drive, The Azure Lobby 7, # 02-14 Sentasa Cove,
Singapore - 098584 |
|
Date of Birth/Age : |
25.10.1974 |
|
Date of Appointment : |
15.11.2012 |
|
DIN No.: |
06615992 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Amcor Flexibles India Private Limited, India |
|
1483399 |
|
Vikram Thadhani as a nominee of Amcor Flexibles India Private Limited, India |
|
1 |
|
|
|
|
|
Total |
|
1483400 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Importer of Flexible Packaging Materials. |
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Products : |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
Singapore |
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Terms : |
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Selling : |
L/C |
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Purchasing : |
L/C |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
12 (Approximately) |
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Bankers : |
·
Bank of India, SSI Andheri (East) Branch,
Mathuria Apartment, 49, Sir M. V. Road, Andheri (East), Mumbai - 400069,
Maharashtra, India Tel
No.: 91-22-28935751 (Ringing but no response) · Standard Chartered Bank, SME Credit, Crescenzo, 3A/F, Plot no. C-38 and 39, G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India ·
HDFC Bank, Daman |
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Facilities : |
|
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Banking
Relations : |
-- |
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|
Auditors : |
|
|
Name : |
Contractor Nayak and Kishnadwala Chartered Accountants |
|
Address : |
Jash Chambers, 3rd Floor, 7A, Sir P.M. Road, Fort, Mumbai – 400001,
Maharashtra, India |
|
Tel. No.: |
91-22-66230600/ 22662603/ 66359681 |
|
Fax No.: |
91-22-22615814 |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AACFC8587E |
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|
|
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Holding company: |
· Amcor Flexibles India Private Limited (from 15th November 2012) · Amcor Limited Australia (from 15th November 2012) |
|
|
|
|
Ultimate holding
company: |
· Asham Packaging · Virgo Finance Company · Sivvana Beauty Spas Private Limited |
|
|
|
|
Fellow Subsidiary
Company: |
· Amcor Flexibles Bangkok Public Company Limited, Thailand |
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|
|
|
Companies In Which
the Directors and Relatives of Directors have substantial Interest (i.e. More
than 20% in Voting Powers): |
· Pravik Finance and Investments Company Private Limited · RTV Real Estates Private Limited · VTR Estates Private Limited · Fullarton Distilleries Private Limited · TRV holding |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1483400 |
Equity Shares |
Rs.10/- each |
Rs. 14.834
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
14.834 |
14.834 |
14.834 |
|
(b) Reserves & Surplus |
192.021 |
198.625 |
208.799 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
206.855 |
213.459 |
223.633 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.215 |
27.400 |
108.663 |
|
(b) Deferred tax liabilities (Net) |
6.978 |
5.445 |
6.406 |
|
(c) Other long term liabilities |
0.000 |
0.468 |
0.000 |
|
(d) long-term provisions |
0.242 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
8.435 |
33.313 |
115.069 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
221.865 |
198.751 |
57.196 |
|
(b) Trade payables |
75.600 |
112.053 |
78.847 |
|
(c) Other current
liabilities |
6.954 |
18.786 |
36.961 |
|
(d) Short-term provisions |
4.455 |
7.488 |
8.929 |
|
Total Current Liabilities (4) |
308.874 |
337.078 |
181.933 |
|
|
|
|
|
|
TOTAL |
524.164 |
583.850 |
520.635 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
79.004 |
246.870 |
264.824 |
|
(ii) Intangible Assets |
0.041 |
0.069 |
0.115 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
2.119 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
10.756 |
5.096 |
0.336 |
|
(e) Other Non-current assets |
0.000 |
1.660 |
5.519 |
|
Total Non-Current Assets |
89.801 |
253.695 |
272.913 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
54.017 |
85.672 |
73.063 |
|
(c) Trade receivables |
126.949 |
209.632 |
136.434 |
|
(d) Cash and cash
equivalents |
26.004 |
30.808 |
27.007 |
|
(e) Short-term loans and
advances |
22.140 |
3.539 |
10.994 |
|
(f) Other current assets |
205.253 |
0.504 |
0.224 |
|
Total Current Assets |
434.363 |
330.155 |
247.722 |
|
|
|
|
|
|
TOTAL |
524.164 |
583.850 |
520.635 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
1114.830 |
906.918 |
|
|
|
Other Income |
|
NA |
NA |
|
|
|
TOTAL (A) |
855.465 |
NA |
NA |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
862.068 (Including
Financial expenses and depreciation) |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
105.484 |
100.844 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES (D) |
|
20.625 |
19.267 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
84.233 |
81.577 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION (F) |
|
32.988 |
33.965 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(6.603) |
51.244 |
47.612 |
|
|
|
|
|
|
|
|
|
|
TAX (H) |
0.000 |
13.145 |
15.170 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(6.603) |
38.099 |
32.442 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
201.162 |
168.720 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(6.603) |
239.261 |
201.162 |
|
|
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORTS |
NA |
NA |
205.380 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
3.87 |
25.68 |
21.87 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(0.77)
|
NA |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
4.60 |
5.25 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.26)
|
8.78 |
9.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.03)
|
0.24 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.08
|
1.06 |
0.74 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.41
|
0.98 |
1.36 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
||
|
Current maturities of long-term debt |
0.796 |
12.593 |
29.624
|
|
|
|
|
|
|
Total |
0.796 |
12.593 |
29.624
|
|
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 |
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 |
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 |
Yes |
|
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 |
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY
FINANCIAL
PERFORMANCE:
During the year fire had been occurred at the Unit II (in new plant) due to that the company was unable to perform at the satisfactory level of capacity utilisation.
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Short-term
borrowings |
|
|
|
Term loans from banks |
216.298 |
0.000 |
|
Other loans and advances |
5.567 |
198.751 |
|
Total |
221.865 |
198.751 |
FIXED ASSETS
Tangible assets
· Land
· Buildings
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NEWS
AMCOR MAY ACQUIRE MURUGAPPA GROUP'S PACKAGING BIZ – TUFLEX
MAY 8, 2013
Australia's Amcor plans to buy Murugappa Group's Packaging business Tuflex to expand its operations, according to TOI. Murugappa Group wants to divest smaller non-core assets, thus leading to this deal. Amcor is conducting due diligence ahead of a deal with Tuflex, which has a plant at Palej in Gujarat.
Established in 1985, Tuflex India has attained the leadership position in the
polymer net and knitted fabric manufacturing industry. Its product line
includes agro products, garden landscaping products, mosquito proofing
products, packaging products and geosynthetic products. Recently, Murugappa
Group’s Coromandel Acquired Liberty Phosphates and Murugappa Group's E.I.D. -
Parry (India) Limited purchased the entire stake of its JV partner Cargill Asia
Pacific Holdings PTE. Amcor is a multinational packaging company with
operations in operating across 30 countries and 89 plants.
Amcor Flexibles operates as two independent business groups across two regions
– Flexibles Europe and America’s and Flexibles Asia Pacific. Last year Amcor
acquired Uniglobe Packaging Private Limited, a packaging firm for $20.7 Mn to
expand market in India.
The Indian packaging industry is currently $18.8 Bn approx with a growth rate
of about 15% per annum. Growth rate is expected to be doubled with in next two
years. India's per capita packaging consumption is less than worldwide average
which offers mammoth business opportunity to Indian Packaging Industry.
AUSTRALIA BASED AMCOR ACQUIRES UNIGLOBE PACKAGING
21 MARCH 2012
Australia based Amcor has acquired Uniglobe Packaging Private Limited, a packaging firm for $20.7Mn to expand market in India.
With this deal, Amcor will increase its facility in India from three to five
plants.
Founded in 1999, Uniglobe Packaging provides packaging for the food, personal
care and health sectors. Its clients include Hindustan Unilever and Cadbury
India.
Amcor is a multinational packaging company with operations in operating across 30 countries and 89 plants. Amcor Flexibles operates as two independent business groups across two regions – Flexibles Europe and America’s and Flexibles Asia Pacific.
Recently, Amcor announced acquisition of The Aperio Group, a producers of flexible packaging products with 13 manufacturing facilities across Australia and New Zealand Thailand.
In this segment, Skanem Group is acquiring 51% stake in Interlabels Industries Private Limited, a Mumbai based printing and packaging company; while Sai Security Printers Private Limited, a paper packaging company has raised $7 Mn from Aureos South Asia Fund for expansion.
AMCOR INDIA ACQUIRES 100% STAKE IN UNIGLOBE PACKAGING PRIVATE COMPANY
28 MARCH 2012
The Amarchand and Mangaldas Team led by Partner Vandana Shroff acted for Amcor Limited, one of the top global packaging companies based in Australia in the acquisition of Uniglobe Packaging Private Company, a company engaged in the business of flexible packaging by Amcor Flexibles India Private Limited by way of purchase of 100% shares held by the promoters of Uniglobe Packaging Private Company.
Amcor Flexibles India Private Limited is a wholly owned subsidiary of Amcor Limited and the deal size is valued at INR 1005 million.
Vikram Philip and Associates, Mumbai was the legal advisor to Uniglobe Packaging Private Company whereas Ernst and Young, Mumbai was retained by Amcor Limited to advise to taxation matters.
The deal was signed on March 20, 2012 and closing is expected on or before May 20, 2012.
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.62.20 |
|
|
1 |
Rs.103.12 |
|
Euro |
1 |
Rs.84.96 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
43 |
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.