MIRA
INFORM REPORT
|
Report Date : |
03.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
CONCAST (INDIA) LIMITED |
|
|
|
|
Registered
Office : |
47-48, Jolly Maker Chamber II, 4th Floor, Nariman Point, Mumbai – 400021, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
23.03.1973 |
|
|
|
|
Com. Reg. No.: |
11-016413 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.883 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29290MH1973PLC016413 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMC10638F/ MUMC11801G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACC1759M |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of design, engineering, supply,
supervision of erection and commissioning of continuous casting machines and
other allied steel plant equipment. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Financial position of the company is sound. Net worth of the company
is good. No borrowings recorded by the company. Trade relations are reported as fair. Business is active. Payment terms
are reported to be regular and as per commitment. 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
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 |
Short Term Bank Facilities=A1+(SO) |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
18.02.2014 |
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 DENIED
Management Non Co-operative (91-22-67142228)
LOCATIONS
|
Registered Office : |
47 – 48, Jolly Maker Chamber II, 4th Floor, Nariman Point, Mumbai - 400021, Maharashtra,
India |
|
Tel. No.: |
91-22-22027430 / 22020414 |
|
Mobile No.: |
91-9820699298 (Mr. Vijay Kundan) |
|
Fax No.: |
91-22-22850480 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office / Factory: |
Concast House, 1/5, Marol
Co-Operative Industrial Estate, Off Sir M Vasanji
Road, Marol, Andheri
(East), Mumbai 400 059, Maharashtra, India |
|
Tel. No.: |
91-22-67142228/ 28501789/ 28506845/ 67142222 |
|
Fax No.: |
91-22-28515145 |
|
E-Mail : |
|
|
|
|
|
Delhi Office: |
Sagar Deep, Plot No. 11, 3rd Floor, LSC Saini Enclave, Vikas Marg, New Delhi – 110092, Delhi, India |
|
Tel No.: |
91-11-22373916/22370778 |
|
|
|
|
Kolkata Office: |
153/A, VIP Road, 2nd Floor, Kolkata –
700054, West Bengal, India |
|
Tel No.: |
91-33-23559214 / 23552062 |
DIRECTORS
As on: 26.07.2013
|
Name : |
Mr. Narinder Kumar Nayar |
|
Designation : |
Chairman and Managing director |
|
Address : |
9-10, Fair Haven, 29, Don Gersi Road,
Malabar Hill, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
24.08.1936 |
|
Qualification : |
B.A., M.B.S.A. |
|
Date of Appointment : |
05.04.1973 |
|
PAN No.: |
AACPN0098F |
|
Voter ID : |
MT/04/024/171276 |
|
DIN No.: |
00080183 |
|
|
|
|
Name : |
Mr. John Mathai Kadapuram |
|
Designation : |
Director – President |
|
Address : |
Flat No. 12, Newnarmada, Plot 24-A,
Sector-14, Vashi, Navi
Mumbai – 400705, Maharashtra, India |
|
Date of Birth/Age : |
07.03.1946 |
|
Qualification : |
B.Sc., AMIE, Chartered Engineer |
|
Date of Appointment : |
08.08.1995 |
|
Pan No.: |
AADPK2463J |
|
Voter ID : |
MT/10/054/161359 |
|
DIN No.: |
00076925 |
|
|
|
|
Name : |
Mr. Peter William Hills |
|
Designation : |
Director |
|
Address : |
62, Casablanca Apartments, Cuffe Parade, Colaba, Mumbai – 400005, Maharashtra,
India |
|
Date of Birth/Age : |
31.05.1944 |
|
Date of Appointment : |
07.12.2004 |
|
DIN No.: |
00077791 |
|
|
|
|
Name : |
Mr. Narottam Das Mangal Das Desai |
|
Designation : |
Director |
|
Address : |
9 – A, Brighton No. 2, 68, L J A G Mohandas Marg,
Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
25.03.1924 |
|
Date of Appointment : |
08.08.1995 |
|
Voter ID : |
MT/04/024/129447 |
|
DIN No.: |
00369030 |
|
|
|
|
Name : |
Ms. Dina Suntook Nayar |
|
Designation : |
Director – Business Development |
|
Address : |
9 – 10, Fair Haven, 29, Don Gersi Road,
Malabar Hill, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
22.02.1939 |
|
Qualification : |
Graduate from Ashridge College U.K. |
|
Date of Appointment : |
07.12.2004 |
|
PAN No.: |
AACPN0097L |
|
DIN No.: |
00080309 |
|
|
|
|
Name : |
Ms. Shireen Kaikobad
Mistry |
|
Designation : |
Director |
|
Address : |
Sethna Building 29-A, Naoroji
Seth Street, Mumbai – 400022, Maharashtra, India |
|
Date of Birth/Age : |
28.06.1966 |
|
Date of Appointment : |
07.12.2004 |
|
PAN No.: |
AACPM2491B |
|
DIN No.: |
00211323 |
KEY EXECUTIVES
|
Name : |
Dinyar Eruch Edulji |
|
Designation : |
Company Secretary |
|
Address : |
19/ 6 Panthaky Baug,
Andheri (East), Mumbai – 400069, Maharashtra, India |
|
Date of Birth/Age : |
10.08.1951 |
|
Date of Appointment : |
01.04.2007 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 26.07.2013
|
Names of Shareholders |
|
No. of Shares |
|
Niyash K. Mistry |
|
60 |
|
Narinder Kumar Nayar |
|
90 |
|
Narinder Kumar Nayar |
|
56310 |
|
Sarosh Nayar |
|
9450 |
|
Shireen Mistry |
|
9900 |
|
Dina Nayar |
|
1080 |
|
Concast Environment Technologies Private Limited,
India |
|
195 |
|
Janus Consultants Private Limited, India |
|
19500 |
|
Dina Nayar |
|
2250 |
|
|
|
|
|
Total |
|
98835 |
Equity Share Break up (Percentage of Total Equity)
As on: 26.07.2013
|
Category |
|
Percentage |
|
Bodies corporate |
|
19.93 |
|
Directors or relatives of directors |
|
80.07 |
|
Total
|
|
100.00 |
%20LIMITED%20-%20275085_MIRA%2003-Jul-2014_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of design, engineering, supply, supervision
of erection and commissioning of continuous casting machines and other allied
steel plant equipment. |
||||
|
|
|
||||
|
Products : |
Ř Contracts Completed/Supplies Ř Designs and Drawings Ř Service Charges Ř Billet Caster Ř Bloom Casters Ř Slab Casters Ř
Round Casters
|
PRODUCTION STATUS AS ON (31.03.2011)
a) Licensed capacity: Not
Applicable
b) Installed Capacity: No installed capacity
has yet been established as it is difficult to assess until the jobs on hand
are completed. (This has not been verified by the auditors as this is a
technical matter).
c) Sales and production:
Since the Company is accounting contract revenue on proportionate completion
method, the quantitative details with respect to sales and production have not
been furnished.
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|
|
|
|
Bankers : |
Canara Bank, Tamarind Lane Branch, 8/10, Calcot House, Tamarind Lane, Mumbai - 400023, Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
12, Dr. Annie Besant Road, Opposite Shiv Sagar Estate, Worli, Mumbai – 400018, Maharashtra,
India |
|
PAN No.: |
AABFD7919A |
|
|
|
|
Associate: |
·
Concast Environment
Technologies Private Limited, India CIN: U74200MH1986PTC040846 ·
Janus Consultants Private Limited, India CIN: U74210MH1985PTC036109 |
|
|
|
|
Subsidiary company: |
·
IRD Mechanalysis
Limited, India [CIN: U67120MH1962PLC012283] |
CAPITAL STRUCTURE
As on: 26.07.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
98835 |
Equity Shares |
Rs.100/- each |
Rs. 9.883
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 |
9.883 |
9.883 |
9.883 |
|
(b) Reserves & Surplus |
276.350 |
719.107 |
650.660 |
|
(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) |
286.233 |
728.990 |
660.543 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
8.136 |
16.615 |
|
(d) long-term provisions |
20.753 |
13.179 |
0.000 |
|
Total Non-current Liabilities (3) |
20.753 |
21.315 |
16.615 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
305.658 |
185.957 |
255.422 |
|
(c) Other current
liabilities |
228.952 |
216.238 |
179.281 |
|
(d) Short-term provisions |
11.375 |
52.074 |
38.721 |
|
Total Current Liabilities (4) |
545.985 |
454.269 |
473.424 |
|
|
|
|
|
|
TOTAL |
852.971 |
1204.574 |
1150.582 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
9.301 |
53.700 |
55.221 |
|
(ii) Intangible Assets |
1.571 |
1.384 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
263.003 |
173.917 |
|
(c) Deferred tax assets (net) |
10.267 |
3.580 |
2.215 |
|
(d) Long-term Loan and Advances |
96.635 |
136.497 |
123.819 |
|
(e) Other Non-current assets |
0.000 |
51.885 |
85.561 |
|
Total Non-Current Assets |
117.774 |
510.049 |
440.733 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
81.471 |
76.562 |
93.327 |
|
(c) Trade receivables |
360.039 |
222.442 |
203.202 |
|
(d) Cash and cash
equivalents |
209.562 |
354.352 |
369.833 |
|
(e) Short-term loans
and advances |
63.928 |
17.102 |
21.757 |
|
(f) Other current
assets |
20.197 |
24.067 |
21.730 |
|
Total Current Assets |
735.197 |
694.525 |
709.849 |
|
|
|
|
|
|
TOTAL |
852.971 |
1204.574 |
1150.582 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1731.991 |
1383.925 |
1525.598 |
|
|
|
Other Income |
36.019 |
4.101 |
5.883 |
|
|
|
TOTAL (A) |
1768.010 |
1388.026 |
1531.481 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
1281.547 |
965.184 |
1068.019 |
|
|
|
Employee benefit expense |
157.669 |
112.915 |
92.701 |
|
|
|
Expenditure on production, transportation and other expenditure
pertaining to E and P activities |
0.000 |
0.000 |
19.044 |
|
|
|
Other expenses |
157.768 |
145.151 |
138.058 |
|
|
|
TOTAL (B) |
1596.984 |
1223.250 |
1317.822 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
171.026 |
164.776 |
213.659 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
0.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
171.026 |
164.776 |
213.059 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.442 |
4.446 |
3.629 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
166.584 |
160.330 |
209.430 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
53.664 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
166.584 |
160.330 |
155.766 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
647.932 |
488.180 |
488.180 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
492.000 |
14.000 |
16.000 |
|
|
|
Interim Dividend |
0.988 |
19.767 |
9.884 |
|
|
|
Proposed Dividend |
0.000 |
39.534 |
19.767 |
|
|
|
Dividend Distribution Tax |
0.168 |
9.620 |
4.810 |
|
|
BALANCE CARRIED
TO THE B/S |
271.875 |
647.932 |
593.485 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of exports |
|
|
296.614 |
|
|
|
Agency commission |
|
|
5.184 |
|
|
|
Gain on foreign exchange (net) |
|
NA |
2.202 |
|
|
|
Reimbursement of travelling expenses |
|
|
1.022 |
|
|
|
Reimbursement of freight charges |
|
|
3.164 |
|
|
|
Professional services fees |
NA |
|
0.093 |
|
|
|
Reimbursement of insurance charges |
|
|
0.038 |
|
|
|
Interest received |
|
|
1.518 |
|
|
|
Erection and commissioning fees |
|
|
22.175 |
|
|
|
Miscellaneous income |
|
|
0.051 |
|
|
|
Design and engineering fees |
|
|
0.000 |
|
|
TOTAL EARNINGS |
NA |
NA |
332.061 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw materials, components and spares |
NA |
NA |
27.852 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
1685.48 |
1072.16 |
1378.21 |
|
%20LIMITED%20-%20275085_MIRA%2003-Jul-2014_files/image003.gif){kind=small}
%20LIMITED%20-%20275085_MIRA%2003-Jul-2014_files/image004.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
9.42 |
11.56 |
10.18 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.61 |
11.59 |
13.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
19.77 |
17.09 |
21.49 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.58 |
0.21 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth)
|
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35 |
1.52 |
1.50 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
9.883 |
9.883 |
9.883 |
|
Reserves & Surplus |
650.660 |
719.107 |
276.350 |
|
Net
worth |
660.543 |
728.990 |
286.233 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
%20LIMITED%20-%20275085_MIRA%2003-Jul-2014_files/image006.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
1,525.598 |
1,383.925 |
1,731.991 |
|
|
|
(9.286) |
25.151 |
%20LIMITED%20-%20275085_MIRA%2003-Jul-2014_files/image008.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
1,525.598 |
1,383.925 |
1,731.991 |
|
Profit |
155.766 |
160.330 |
166.584 |
|
|
10.21% |
11.59% |
9.62% |
%20LIMITED%20-%20275085_MIRA%2003-Jul-2014_files/image010.gif)
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT IS NOT AVAILABLE
|
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 |
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] |
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 |
Yes |
|
34] |
External Agency Rating, if available |
Yes |
NOTE: NO CHARGES
EXIST FOR COMPANY
FIXED ASSETS
·
Buildings
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Motor vehicles
·
Office equipment
·
Computer equipment
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.59.97 |
|
|
1 |
Rs.102.90 |
|
Euro |
1 |
Rs.82.02 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
52 |
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.