MIRA
INFORM REPORT
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Report Date : |
08.07.2014 |
IDENTIFICATION DETAILS
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Name : |
RANGSONS ELECTTRONICS PRIVATE LIMITED |
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Registered
Office : |
Plot No. 347, D1 and 2, KIADB Electronic City, Hebbal Industrial Area,
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
30.06.1993 |
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Com. Reg. No.: |
08-014470 |
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Capital
Investment / Paid-up Capital : |
Rs.13.670 Millions |
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CIN No.: [Company Identification
No.] |
U31909KA1993PTC014470 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
BLRR02027E |
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PAN No.: [Permanent Account No.] |
AAACR8750R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
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Manufacturer and Exporter of Electronic Products, PCB and Cable
Harness, Printed Circuit Assembly. |
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No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (48) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 11000000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be sound and
healthy. Profitability of the company is fair. Trade relations are fair. Business is active. Payments terms are
reported to be usually correct. The company can be considered 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
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
NEWS
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.
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
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Name : |
Ms. Laxmi |
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Designation : |
Admin Department |
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Contact No.: |
91-821-4004500 |
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Date : |
07.07.2014 |
LOCATIONS
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Registered/ Corporate Office/ Factory : |
Plot No. 347, D1 and 2, KIADB Electronic City, Hebbal Industrial Area,
Mysore-570016, |
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Tel. No.: |
91-821-2404550/ 554/ 4280000 / 4004500 |
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Fax No.: |
91-821-2404529/ 4280060/ 4000369 |
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E-Mail : |
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Website : |
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Area : |
20000 sq. ft. |
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Location : |
Owned |
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Business Office: |
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Tel. No.: |
91-80-41254701 |
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Fax No.: |
91-80-41254704 |
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E-Mail : |
DIRECTORS
AS ON : 30.09.2013
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Name : |
Mr. Arjun Murthy Ranga |
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Designation : |
Director |
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Address : |
2634, II Main, Gokulam, V V Mohalla, Mysore – 570002, Karnataka, India
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Date of Birth/Age : |
30.04.1974 |
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Date of Appointment : |
31.03.2001 |
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PAN No.: |
AENPR3774F |
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Din No.: |
00235226 |
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Other Directorship:
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Name : |
Mr. Pavan Guru Ranga |
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Designation : |
Director |
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Address : |
3005, Gokulam, V.V. Mohalla, Mysore – 570002, Karnataka, India |
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Date of Birth/Age : |
29.09.1975 |
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Date of Appointment : |
14.07.2007 |
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PAN No.: |
ABOPR2108K |
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Din No.: |
00235202 |
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Other Directorship:
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Name : |
Mr. Kiran Vasu Ranga |
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Designation : |
Director |
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Address : |
2980, 5th Main Gokuldham, V.V. Mohalla, Mysore – 570002,
Karnataka, India |
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Date of Birth/Age : |
29.03.1977 |
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Date of Appointment : |
14.07.2007 |
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PAN No.: |
ACMPK0659D |
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Din No.: |
00235087 |
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Other Directorship:
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Name : |
Mr. Krsihnamurthy Venugopala Tenneti |
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Designation : |
Director |
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Address : |
No.79, Adarsh Vista, Basavanagar, Vibhuthipura, Marathahalli,
Bangalore – 560 037, Karnataka, India |
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Date of Birth/Age : |
29.06.1945 |
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Date of Appointment : |
08.02.2008 |
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Din No.: |
01338477 |
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Other Directorship:
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Name : |
Mr. Phanisha Nagappa Kalale |
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Designation : |
Director |
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Address : |
3, Bharadwaja Madhuvana
Layout, 20, Block, Srirampura, II Stage, 8th Cross, Mysore - 570023,
Karnataka, India |
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Date of Birth/Age : |
14.12.1967 |
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Date of Appointment : |
29.09.2012 |
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Din No.: |
00062536 |
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Other Directorship:
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KEY EXECUTIVES
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Name : |
Mr. K. Sarina Chouta |
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Designation : |
Company Secretary |
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Address : |
No.5, |
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Date of Birth/Age : |
31.08.1969 |
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Date of Appointment : |
29.09.2012 |
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PAN No.: |
ABMPH0063K |
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Name : |
Ms. Laxmi |
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Designation : |
Admin Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON : 30.09.2013
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Names of Shareholders |
No. of Shares |
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Pavan Guru Ranga |
561651 |
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Arjun Murthy Ranga |
300151 |
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Anirudh M Ranga |
300151 |
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Kiran Vasu Ranga |
68349 |
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Vishnu Ranga |
68349 |
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Sridhar Rangarao |
68349 |
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Total |
1367000 |
AS ON : 30.09.2013
Equity
Share Break up (Percentage of Total Equity)
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Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Electronic Products, PCB and Cable
Harness, Printed Circuit Assembly. |
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Products : |
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Exports : |
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Products : |
Electronic Products |
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Countries : |
· Israel · UK |
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Imports : |
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Products : |
Electronic Component |
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Countries : |
· Japan · China |
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Terms : |
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Selling : |
L/C, Cash and Credit ( days) |
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Purchasing : |
L/C, Cash and Credit ( days) |
GENERAL INFORMATION
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Customers : |
End Users and OEM’s |
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No. of Employees : |
500 (Approximately) |
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Bankers : |
· State Bank of
Mysore Mysore Main Branch, Ashoka Road, Mysore –
570001, Karnataka, India · State Bank of
Mysore SIB Division, Bangalore Branch, Bangalore,
Karnataka, India |
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Facilities : |
Note : Nature of
Security All the term loans are borrowed from State Bank of Mysore and are secured
by: i. Primary Charge : a) Hypothecation over assets acquired out of Term
Loan b) Hypothecation over Stock,Receivables and assignment of Bills c)
Charge of goods covered under letters of credit and charge on other current
assets ii. Collaterals : Hypothecation on Plant and Machinery and other equipments/
assets iii. Guarantees : Personal guarantee of three Directors of the
Company. |
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Auditors : |
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Name : |
B.S.
Ravikumar and Associates Chartered
Accountants |
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Address : |
No.73,
2nd Floor, Sri Madhvesha Complex, |
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PAN No.: |
AADFB1008N |
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Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives : |
·
Rangsons Schuster Technologies Private Limited,
India CIN
NO :U29100KA2011PTC060197 ·
Ripple Fragrances Private Limited, India CIN NO: U24244KA1982PTC004694 ·
Techno Tools Precision Engineering Private
Limited CIN
NO: U36900KA2013PTC068084 ·
Sri Ranga Trust ·
V C T Labs |
CAPITAL STRUCTURE
AS ON: 30.09.2013
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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4750000 |
Equity Shares |
Rs.10/- each |
Rs.47.500 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1367000 |
Equity Shares |
Rs.10/- each |
Rs.13.670
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
13.670 |
13.670 |
13.670 |
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(b) Reserves & Surplus |
239.429 |
206.333 |
179.343 |
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(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) |
253.099 |
220.003 |
193.013 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
113.499 |
100.572 |
98.410 |
|
(b) Deferred tax liabilities
(Net) |
(0.674) |
0.576 |
(5.624) |
|
(c) Other long term
liabilities |
1.661 |
7.582 |
13.143 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
114.486 |
108.730 |
105.929 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
319.710 |
290.120 |
242.587 |
|
(b) Trade payables |
207.236 |
261.473 |
198.311 |
|
(c) Other current liabilities |
63.074 |
63.332 |
86.721 |
|
(d) Short-term provisions |
9.377 |
8.934 |
9.428 |
|
Total
Current Liabilities (4) |
599.397 |
623.859 |
537.047 |
|
|
|
|
|
|
TOTAL |
966.982 |
952.592 |
835.989 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
190.563 |
185.577 |
177.992 |
|
(ii) Intangible Assets |
12.127 |
12.862 |
10.311 |
|
(iii) Capital work-in-progress |
0.289 |
0.000 |
8.339 |
|
(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 |
9.781 |
9.635 |
11.426 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
212.760 |
208.074 |
208.068 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
345.914 |
382.313 |
324.117 |
|
(c) Trade receivables |
286.667 |
245.774 |
229.721 |
|
(d) Cash and cash equivalents |
41.946 |
51.021 |
23.495 |
|
(e) Short-term loans and
advances |
76.378 |
62.296 |
49.060 |
|
(f) Other current assets |
3.317 |
3.114 |
1.528 |
|
Total
Current Assets |
754.222 |
744.518 |
627.921 |
|
|
|
|
|
|
TOTAL |
966.982 |
952.592 |
835.989 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Net Revenue |
1,244.954 |
1,146.420 |
986.200 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
83.090 |
70.661 |
NA |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
49.994 |
43.671 |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
33.096 |
26.990 |
NA |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
33.096 |
26.990 |
22.250 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
930.513 |
814.522 |
823.429 |
|
|
TOTAL
EARNINGS |
930.513 |
814.522 |
823.429 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
24.21 |
19.74 |
NA |
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
1250.000 |
The above information has been parted by Ms. Laxmi.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PBT/Sales) |
(%) |
2.66 |
2.35 |
2.26 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.42 |
2.83 |
2.69 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.12 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.71 |
1.78 |
1.77 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26 |
1.19 |
1.17 |
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 |
13.670 |
13.670 |
13.670 |
|
Reserves & Surplus |
179.343 |
206.333 |
239.429 |
|
Net
worth |
193.013 |
220.003 |
253.099 |
|
|
|
|
|
|
long-term borrowings |
98.410 |
100.572 |
113.499 |
|
Short term borrowings |
242.587 |
290.120 |
319.710 |
|
Total
borrowings |
340.997 |
390.692 |
433.209 |
|
Debt/Equity
ratio |
1.767 |
1.776 |
1.712 |
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) |
|
Net Revenue |
986.200 |
1,146.420 |
1,244.954 |
|
|
|
16.246 |
8.595 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Net Revenue |
986.200 |
1,146.420 |
1,244.954 |
|
Profit/(Loss) After Tax |
22.250 |
26.990 |
33.096 |
|
|
2.26% |
2.35% |
2.66% |
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
four 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 |
UNSECURED LOANS:
|
PARTICULAR |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Deposits from shareholders |
12.764 |
12.764 |
|
Loans and advances from directors |
25.887 |
25.887 |
|
Loans and advances from others |
4.868 |
4.868 |
|
|
|
|
|
Total |
43.519 |
43.519 |
ECONOMY:
The general
economic outlook has not been robust and promising. During the fiscal year
2012-13, the Indian economy slowed to around 5.0% compared with 6.2% in the previous
fiscal year. The economy is expected to post a growth between 5.7% to 6.7% next
fiscal.
ELECTRONICS' INDUSTRY STRUCTURE:
The Electronics
Industry in India has generally followed the economy. The local value add of
the Industry has been significantly low. However, the Government appears to
have taken note of the growth prospects for the Indian Electronics Industry and
initiated several initiatives in this direction. One of the important
objectives of the recently approved National Policy on Electronics is to
achieve a turnover of about USD 400 Billion by 2020 involving investment of
about USD 100 Billion and employment to around 28 million by 2020. This creates
a unique opportunity for companies in the ESDM (Electronic System Design and
Manufacturing) sector to look at India as their next destination to cater to
the domestic Indian demand as well as act as an exports' hub.
PERFORMANCE:
During the year,
the Company has secured major defence contracts the benefits of which will
accrue to the Company over the next two fiscal years. Efforts are on to
leverage this opportunity and establish footprints in US, Israel and Europe by
extending the customer base. The Company has been catering to the Manufacturing
and Engineering requirements of its customers from the Medical, Industrial,
Automotive, Aerospace, some of whom are Fortune 500 companies. The Company's
ultimate focus would be to offer System Integration and Module Build services
to its Customers. The commercial segment, the mainstay of the Company's
business, has sustained and spurred our vertical growth.
Tfiantfs to the
Company's high" quality levels and Customer satisfaction which has enabled
strong positioning among the existing customers in the Medical and Industrial
segments and this synergy would be harnessed to achieve the growth targets.
The Company has
posted an encouraging turnover despite the slowdown.
OUTLOOK:
The Defence orders
and tenders, bagged by the Company will further the growth levels. On the Commercial
side, the entry of several new customers like Tribi, VTI Systems, KPIT Cummins,
Tokheim and many others is sure to give a fillip to the business. The
Transportation and Railways segments provide immense opportunity for sustained
growth, and our IRIS certification targeted for this fiscal is the first step
in that direction. The National Electronics policy is highly encouraging and
the Company has already planned to leverage upon the M-SIPS announced
in the policy,
where EMS is also included. The Company has advanced on major decisions
leveraging on the policy provisions.
INDEX OF CHARGE:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10453376 |
16/09/2013 |
250,000,000.00 |
HDFC BANK
LIMITED |
No.8/24, Salco
Centre, Richmond Road, Bangalore, |
B86804879 |
|
2 |
90200660 |
04/01/2005 * |
76,000,000.00 |
STATE BANK OF
MYSORE |
ASHOKA ROAD,
MAIN BRANCH, MYSORE, Karnataka - 570 |
- |
|
3 |
90198041 |
14/03/2014 * |
2,463,800,000.00 |
STATE BANK OF
MYSORE |
CORPORATE
ACCOUNTS BRANCH, No. 18, MIDFORD GARDEN |
C05605548 |
|
4 |
90196698 |
21/02/1994 |
2,896,000.00 |
STATE BANK OF
MYSORE |
MYSORE MAIN
BRANCH, NO. 7; ASHOKA ROAD, MYSORE, K |
- |
|
5 |
90196666 |
14/09/1993 |
1,550,000.00 |
STATE BANK OF
MYSORE |
MYSORE MAIN BRANCH,
P.B. NO. 7; ASHOKA ROAD, MYSO |
- |
* Date of charge modification
FIXED ASSETS:
· Land
· Building
· Plant and Machinery
· Furniture and Fixtures
· Electrical Installation
· Software
· Office Equipments
· Computers and Software
· Tools and Equipments
· Generator
· Borewell
· Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.95 |
|
|
1 |
Rs.102.78 |
|
Euro |
1 |
Rs.81.39 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
|
48 |
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.