MIRA INFORM REPORT
|
Report Date : |
02.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
D P WIRES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
16-18 A, Industrial Estate, Ratlam – 457001, Madhya Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
26.02.1998 |
|
|
|
|
Com. Reg. No.: |
11-029523 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.24.960 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100MP1998PTC029523 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Wires and Plastic Films. |
|
|
|
|
No. of Employees
: |
80 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 710000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company is normal and acceptable for
business dealings. Trade relations are reported as fair. Business is active. Payments
terms 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.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a
quarter of a century. The data was below an official estimate of 4.9 % annual
growth and compared with 4.5 % in the last fiscal year. However, the current
account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic
product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year
before. A sharp fall in gold imports due to restrictions on overseas purchases
and muted import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of the
global e-commerce giant Amazon. The company raised $ 210 million from Russian
Investment firm DST Global which has also invested in companies like Facebook,
Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two. While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy
AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55
pounds a share.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
BB+ - Long Term Bank Facilities (Suspended) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
12.03.2014 |
|
Reason for Suspended |
Not furnished the information required for monitoring the rating |
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. Hemant Kataria |
|
Designation : |
Director |
|
Contact No.: |
91-9827031861 |
|
Date : |
01.07.2014 |
LOCATIONS
|
Registered/ Head Office/ Factory : |
16-18 A, Industrial Estate, Ratlam – 457001, Madhya Pradesh, India |
|
Tel. No.: |
91-7412-261134/ 260646/ 261141/ 261142/ 261151 |
|
Fax No.: |
91-7412-261174/ 261154 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Kantilal Kataria |
|
Designation : |
Director |
|
Address : |
63, Choumukhi Pool, Ratlam–457001, Madhya Pradesh, India |
|
Date of Birth/Age : |
05.04.1948 |
|
Date of Appointment : |
05.03.2013 |
|
DIN No.: |
00088599 |
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 |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U27104MP1988PTC004855 |
KATARIA WIRES
PRIVATE LIMITED |
Whole-time
director |
01/04/2012 |
25/10/1988 |
02/03/2013 |
Active |
NO |
|
2 |
U74999MP1995PTC029203 |
KATARIA STEELS
AND ALLOYS PRIVATE LIMITED |
Director |
30/05/1995 |
30/05/1995 |
- |
Active |
NO |
|
3 |
U51505MP1994PTC008434 |
SONIC OVERSEAS
(INDIA)PRIVATE LIMITED |
Director |
01/11/2001 |
01/11/2001 |
- |
Active |
NO |
|
4 |
U01403GJ2009PTC055899 |
DAULATRAM METALS
PRIVATE LIMITED |
Director |
16/01/2009 |
16/01/2009 |
- |
Active |
NO |
|
5 |
U27100MP1998PTC029523 |
D P WIRES
PRIVATE LIMITED |
Whole-time
director |
05/03/2013 |
05/03/2013 |
- |
Active |
NO |
|
Name : |
Mr. Hemant Kataria |
|
Designation : |
Director |
|
Address : |
63, Choumukhi Pool, Ratlam–457001, Madhya Pradesh, India |
|
Date of Birth/Age : |
01.12.1977 |
|
Date of Appointment : |
16.11.2000 |
|
DIN No.: |
00088833 |
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 |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U27100MP1998PTC029523 |
D P WIRES
PRIVATE LIMITED |
Whole-time
director |
01/04/2012 |
16/11/2000 |
- |
Active |
NO |
|
2 |
U13200MP1950PTC031617 |
SHREE HANUMAN
MINING CORPORATION PRIVATE LIMITED |
Director |
20/01/2004 |
20/01/2004 |
- |
Active |
NO |
|
3 |
U14200GJ2008PTC055706 |
PANNA RESOURCES PRIVATE
LIMITED |
Director |
18/12/2008 |
18/12/2008 |
- |
Active |
NO |
|
4 |
U27300MP2004PTC029530 |
KATARIA
INDUSTRIES PRIVATE LIMITED |
Director |
01/04/2011 |
01/04/2011 |
02/04/2011 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Sanjay Kataria |
74810 |
|
Ravi Kataria |
1500 |
|
Nagina Devi Kataria |
183992 |
|
Pankaj Kataria |
68640 |
|
Suman Devi Kataria |
105282 |
|
Sapna Kataria |
82200 |
|
Asha Devi Kataria |
84647 |
|
Chanda Devi Kataria |
188171 |
|
San Industries Private Limited, India |
434000 |
|
Kantilalji Kataria |
195460 |
|
Nishitha Kataria |
128545 |
|
Anoop Kataria |
108835 |
|
Rani Kataria |
146147 |
|
Praveen Kataria |
37647 |
|
Renu Kataria |
25882 |
|
Anokhilalji Kataria |
110080 |
|
Manoharlalji Kataria |
23320 |
|
Arvind Kataria |
66990 |
|
Ashok Kataria |
193225 |
|
Pankaj Madanlal Kataria HUF |
147620 |
|
Rakhi Kataria |
76780 |
|
Samta Kataria |
7630 |
|
Sushila Devi Kataria |
4537 |
|
Kantilal Pannalal Karatria HUF |
10 |
|
Praveen Kataria |
10 |
|
Praveen Kantilal Kataria HUF |
10 |
|
Arvind Katatilal Kataria HUF |
10 |
|
Hemant Kataria |
10 |
|
Hemant Kantilal Kataria HUF |
10 |
|
TOTAL
|
2496000 |
AS ON 30.09.2013
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
17.00 |
|
Directors or relatives of Directors |
83.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Wires and Plastic Films. |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Credit, Depend |
|
|
|
|
Purchasing : |
Credit, Depend |
GENERAL INFORMATION
|
Suppliers : |
|
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|
Customers : |
|
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
No. of Employees : |
80 (Approximately) |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||
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|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P. D. Nagar and Company Chartered Accountants |
|
Address : |
403, City Plaza, 564, M. G. Road, Indore – 452001, Madhya Pradesh,
India |
|
PAN No.: |
AASPN6728J |
|
|
|
|
Related Parties : |
|
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3500000 |
Equity Shares |
Rs.10/- each |
Rs. 35.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2496000 |
Equity Shares |
Rs.10/- each |
Rs. 24.960
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 |
24.960 |
24.960 |
24.960 |
|
(b) Reserves & Surplus |
154.002 |
137.831 |
138.938 |
|
(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) |
178.962 |
162.791 |
163.898 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
5.962 |
7.784 |
9.852 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
1.348 |
0.998 |
0.000 |
|
Total
Non-current Liabilities (3) |
7.310 |
8.782 |
9.852 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
201.239 |
128.217 |
214.592 |
|
(b) Trade payables |
48.088 |
26.750 |
2.157 |
|
(c) Other current liabilities |
15.399 |
73.668 |
69.992 |
|
(d) Short-term provisions |
1.960 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
266.686 |
228.635 |
286.741 |
|
|
|
|
|
|
TOTAL |
452.958 |
400.208 |
460.491 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
48.714 |
62.820 |
71.803 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
12.362 |
0.000 |
0.000 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.037 |
|
Total
Non-Current Assets |
61.076 |
62.820 |
71.840 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
38.642 |
71.584 |
69.648 |
|
(c) Trade receivables |
216.015 |
130.196 |
112.924 |
|
(d) Cash and cash equivalents |
5.693 |
18.730 |
16.814 |
|
(e) Short-term loans and
advances |
125.674 |
116.016 |
188.618 |
|
(f) Other current assets |
5.858 |
0.862 |
0.647 |
|
Total
Current Assets |
391.882 |
337.388 |
388.651 |
|
|
|
|
|
|
TOTAL |
452.958 |
400.208 |
460.491 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
961.760 |
762.451 |
921.159 |
|
|
Other Income |
16.534 |
15.752 |
15.018 |
|
|
TOTAL
(A) |
978.294 |
778.203 |
936.177 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Material Consumed |
696.757 |
621.771 |
700.374 |
|
|
Cost of Traded Goods Sold |
99.408 |
10.249 |
57.878 |
|
|
Exceptional Items |
9.183 |
0.000 |
0.000
|
|
|
Prior Period Income /
(Expenses) |
0.000 |
0.658 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
11.754 |
3.691 |
(6.564) |
|
|
Employees benefits expense |
12.668 |
23.973 |
33.281 |
|
|
Other expenses |
100.946 |
84.681 |
109.615 |
|
|
TOTAL
(B) |
930.716 |
745.023 |
894.584 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
47.578 |
33.180 |
41.593 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
17.600 |
21.289 |
25.641 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
29.978 |
11.891 |
15.952 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
10.927 |
13.112 |
14.945 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
19.051 |
(1.221) |
1.007 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
2.880 |
(0.114) |
0.196 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
16.171 |
(1.107) |
0.811 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
10.17 |
(0.28) |
0.32 |
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
1000.000 |
|
|
|
|
|
The above information has been parted by Mr. Hemant T Kataric.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
PAT / Total Income |
(%) |
1.65 |
(0.14) |
0.09 |
|
|
|
|
|
|
|
|
|
Net Profit Margin |
(%) |
1.98 |
(0.13) |
0.11 |
|
|
|
|
|
|
|
|
|
Return on Total Assets |
(%) |
4.32 |
(0.31) |
0.22 |
|
|
|
|
|
|
|
|
|
Return on Investment (ROI) |
|
0.11 |
(0.01) |
0.01 |
|
|
|
|
|
|
|
|
|
Debt Equity Ratio |
|
1.12 |
0.79 |
1.31 |
|
|
|
|
|
|
|
|
|
Current Ratio |
|
1.47 |
1.48 |
1.36 |
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
24.960 |
24.960 |
24.960 |
|
Reserves & Surplus |
138.938 |
137.831 |
154.002 |
|
Net
worth |
163.898 |
162.791 |
178.962 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
214.592 |
128.217 |
201.239 |
|
Total
borrowings |
214.592 |
128.217 |
201.239 |
|
Debt/Equity
ratio |
1.309 |
0.788 |
1.124 |
YEAR ON YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
921.159 |
762.451 |
961.760 |
|
|
|
(17.229) |
26.141 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR) |
(INR) |
(INR) |
|
Sales |
921.159 |
762.451 |
961.760 |
|
Profit |
0.811 |
(1.107) |
16.171 |
|
|
0.09% |
(0.15)% |
1.68% |
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 |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
|
Unsecured Loan |
Rs.
In Millions 31.03.2013 |
Rs.
In Millions 31.03.2012 |
|
Short Term
Borrowings |
|
|
|
From Related Parties |
44.693 |
9.940 |
|
From Intercorporate Deposits |
5.677 |
35.806 |
|
|
|
|
|
TOTAL |
50.370 |
45.746 |
|
NOTE Loans and advances from related parties are unsecured. |
||
INDEX OF CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
10482347 |
04/04/2014 * |
210,000,000.00 |
Axis Bank Limited |
GROUND FLOOR, OPPOSIT DRM OFFICE, DO BATTI, RATLA |
C03780012 |
|
2 |
10082344 |
25/08/2007 |
310,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH , MITRA NIWAS ROAD, RATLAM, MADHYA PRADESH - 457001, INDIA |
A26001065 |
|
* Date of charge modification |
||||||
NOTE
Registered office has been shifted from 72 Gandhi Nagar Industrial
Estate, Drainage Channel Road, Worli, Mumbai-400018, Maharashtra, India to the
present address w.e.f.19.10.2012.
OVERVIEW
Subject is engaged in the business of manufacturing and sale of Steel wires, Plastic Film Sheets, and the Company has been trading in Fuel Oil, Furnace Oil, It also acted as consignment acgent of Gold Bulion and Zinc. In addition, the Company has Wind Mills located in India for generation and supply of electricity.
FIXED ASSETS
· Land
· Land development
· Factory Building
· Plant and Machinery
· Electric Equipment
· Office Equipment and Furniture
· Vehicle
· Computer
· Wind Energy Generator Plant
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. 60.13 |
|
|
1 |
Rs. 102.83 |
|
Euro |
1 |
Rs. 82.28 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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 |
|
42 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.