. Summary Information
|
|
|
Country |
|
|
Company Name |
AMW AUTOCOMPONENT LIMITED |
Principal Name 1 |
Mr. Adhinarayanan Ramsubramanian |
|
Status |
Moderate |
Principal Name 2 |
Mr. Anand Jamunadas Mimani |
|
|
|
Registration # |
04-057269 |
|
Street Address |
Administrative Building, Bhuj
Bhachau Road, Near Village Kanaiyabe Bhuj – 370020 Gujarat – 370020, India |
||
|
Established Date |
16.06.2009 |
SIC Code |
-- |
|
Telephone# |
91-2832-395488 / 61926000 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-2832-395488 / 67101504 |
Business Style 2 |
- |
|
Homepage |
Product Name 1 |
Wheel Rims |
|
|
# of employees |
Not Available |
Product Name 2 |
Stamping Parts |
|
Paid up capital |
Rs.221,096,000/- |
Product Name 3 |
Crash Barriers |
|
Shareholders |
Bodies corporat 100% |
Banking |
Corporation Bank |
|
Public Limited Corp. |
No |
Business Period |
5 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B
(28) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding company |
India |
Asia Motorworks Holdings Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
501,973,000 |
Current Liabilities |
1,373,751,000 |
|
Inventories |
609,698,000 |
Long-term Liabilities |
3,569,138,000 |
|
Fixed Assets |
7,868,261,000 |
Other Liabilities |
2,510,417,000 |
|
Deferred Assets |
218,123,000 |
Total Liabilities |
7,453,306,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
1,523,653,000 |
|
|
|
Net Worth |
1,744.749,000 |
|
Total Assets |
9,198,055,000 |
Total Liab. & Equity |
9,198,055,000 |
|
Total Assets (Previous Year) |
8,490,897,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
1,941,932,000 |
Net Profit |
(114,014,000) |
|
Sales(Previous yr) |
31,800,000 |
Net Profit(Prev.yr) |
27,094,000 |
MIRA
INFORM REPORT
|
Report Date : |
15.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
AMW AUTOCOMPONENT LIMITED |
|
|
|
|
Registered
Office : |
Administrative Building, Bhuj
Bhachau Road, Near Village Kanaiyabe Bhuj – 370020 Gujarat – 370020, India |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
16.06.2009 |
|
|
|
|
Com. Reg. No.: |
04-057269 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.221.096 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U35923GJ2009PLC057269 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RKTA02976B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAHCA7881P |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Wheel Rims, Stamping Parts, Crash Barriers and Other
Allied Auto Components. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 6970000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The rating is constrained on account of company’s moderate financial risk
profile and loss that company has incurred from its operational activities
during financial year 2013 The company can be considered of business dealing with some caution. |
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.
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 DELCINED
Management non co-operative. (91-2832-61926000)
LOCATIONS
|
Registered Office : |
Administrative Building, Bhuj
Bhachau Road, Near Village Kanaiyabe Bhuj – 370020 Gujarat – 370020, India |
|
Tel. No.: |
91-2832-395488 / 61926000 |
|
Fax No.: |
91-2832-395488 / 67101504 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on: 20.09.2013
|
Name : |
Mr. Adhinarayanan Ramsubramanian |
|
Designation : |
Whole Time Director |
|
Address : |
Flat No. 301, 3rd Floor, Ekta Exotique, Union Park, Off
Sion Trombay Road, Chembur, Mumbai-400071, Maharashtra, India |
|
Date of Birth/Age : |
12.09.1954 |
|
Date of Appointment : |
28.03.2011 |
|
DIN No.: |
03507345 |
|
|
|
|
Name : |
Mr. Anand Jamunadas Mimani |
|
Designation : |
Director |
|
Address : |
99 G, Block F, New Alipore, Kolkata-700053, West Bengal, India |
|
Date of Birth/Age : |
06.12.1976 |
|
Date of Appointment : |
16.06.2009 |
|
DIN No.: |
01361051 |
|
|
|
|
Name : |
Mr. Manwant Singh Kulwantsing Johar |
|
Designation : |
Director |
|
Address : |
77, NRI Colony, Shreeji Nagar, Madhapar, Taluka Bhuj, District Kutch-370020, Gujarat, India |
|
Date of Birth/Age : |
21.07.1959 |
|
Date of Appointment : |
15.11.2010 |
|
DIN No.: |
03306926 |
|
|
|
|
Name : |
Prem Gul Rajani |
|
Designation : |
Additional director |
|
Address : |
11, Palekar Chambers, 4th
Floor, Dhobi, Talao, Mumbai-400002, Maharashtra, India |
|
Date of Birth/Age : |
30.01.1967 |
|
Date of Appointment : |
16.10.2012 |
|
DIN No.: |
00062833 |
|
|
|
|
Name : |
Govindaprasad Purushothamaprasad Dasu |
|
Designation : |
Additional Director |
|
Address : |
A-8, Madhura Nagar, Ammerpet, Hydrabad- 500038, Andhra Prasad, India |
|
Date of Birth/Age : |
30.06.1948 |
|
Date of Appointment : |
16.10.2012 |
|
DIN No.: |
00160408 |
|
|
|
|
Name : |
Ramaswamy Venkatraman Iyer |
|
Designation : |
Nominee Director |
|
Address : |
F-31, Maker Kundan Garden, Juhu Road Santacruz West, Mumbai-400049, Maharashtra, India |
|
Date of Birth/Age : |
04.06.1955 |
|
Date of Appointment : |
25.01.2013 |
|
DIN No.: |
00561569 |
MAJOR SHAREHOLDERS
As on: 20.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Asia Motorworks Holdings Limited |
|
22109533 |
|
Jagannath |
|
10 |
|
Mimani Jamunadas Anand |
|
10 |
|
Bhuwalka Basantkumar Anirudh |
|
10 |
|
Ramasubramanian Adhinarayanan |
|
10 |
|
Chamaria Shriram Nitin |
|
10 |
|
Gupta Sajal |
|
10 |
|
|
|
|
|
Total |
|
22109593 |
As on: 20.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Wheel Rims, Stamping Parts, Crash Barriers and Other
Allied Auto Components. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
Kotak Mahindra Bank Limited, 36-38 A, Nariman Bhavab, 227-D, Nariman
Point, Mumbai – 400021, Maharashtra, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
A.P. Rajagopalan and Company Chartered Accountants |
|
Address : |
No. 8, 1st Floor, Neelkanth Arcade, R.C. Marg, Chembur,
Mumbai-400071, Maharashtra, India |
|
PAN No.: |
AAAFA3952B |
|
|
|
|
|
|
|
Holding Company : |
Asia Motorworks Holdings Limited (CIN NO: U67190MH2006PLC163842) |
|
|
|
|
Fellow Subsidiary : |
Tranztar Commercial Vehicle Applications Limited (CIN NO: U35122MH2012PLC232019) |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25050000 |
Equity Shares |
Rs.10/- each |
Rs. 250.500 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22109593 |
Equity Shares |
Rs.10/- each |
Rs. 221.096 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 |
221.096 |
221.096 |
0.500 |
|
(b) Reserves & Surplus |
1523.653 |
1,637.667 |
(0.145) |
|
(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) |
1744.749 |
1858.763 |
0.355 |
|
|
|
|
. |
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3064.534 |
3,480.753 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
2510.114 |
2,085.245 |
0.107 |
|
(c) Other long term liabilities |
7.427 |
6.016 |
387.982 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
5582.075 |
5572.014 |
388.089 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
504.604 |
287.110 |
0.000 |
|
(b) Trade payables |
494.224 |
574.945 |
685.006 |
|
(c) Other current
liabilities |
872.100 |
198.065 |
8.694 |
|
(d) Short-term provisions |
0.303 |
0.000 |
0.000 |
|
Total Current Liabilities (4) |
1871.231 |
1060.120 |
693.700 |
|
|
|
|
|
|
TOTAL |
9198.055 |
8490.897 |
1082.144 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
5129.583 |
5427.220 |
0.000 |
|
(ii) Intangible Assets |
345.956 |
10.574 |
1.281 |
|
(iii) Capital
work-in-progress |
2392.722 |
1472.611 |
29.841 |
|
(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) |
218.123 |
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 |
0.000 |
|
Total Non-Current Assets |
8086.384 |
6910.405 |
31.122 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
609.698 |
870.251 |
660.480 |
|
(c) Trade receivables |
296.508 |
443.144 |
225.812 |
|
(d) Cash and cash
equivalents |
16.699 |
40.582 |
7.071 |
|
(e) Short-term loans and
advances |
188.711 |
224.022 |
157.659 |
|
(f) Other current assets |
0.055 |
2.493 |
0.000 |
|
Total Current Assets |
1111.671 |
1580.492 |
1051.022 |
|
|
|
|
|
|
TOTAL |
9198.055 |
8490.897 |
1082.144 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1941.932 |
2296.896 |
372.959 |
|
|
|
Other Income |
31.800 |
34.626 |
1.301 |
|
|
|
TOTAL (A) |
1973.732 |
2331.522 |
374.260 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1183.848 |
1481.007 |
511.206 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
139.807 |
(43.302) |
(251.186) |
|
|
|
Employees benefits expense |
147.767 |
132.677 |
23.026 |
|
|
|
Other expenses |
438.443 |
536.520 |
91.158 |
|
|
|
TOTAL (B) |
1909.865 |
374.204 |
374.204 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
63.867 |
224.620 |
0.056 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
159.823 |
135.322 |
0.011 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(95.956) |
89.298 |
0.045 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
62.983 |
62.311 |
0.054 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(158.939) |
26.987 |
(0.009) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(44.925) |
(0.107) |
0.107 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(114.014) |
27.094 |
(0.116) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(5.16) |
1.23 |
(2.32) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(5.78) |
1.16 |
(0.03) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(8.18) |
1.17 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.41) |
0.38 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.09) |
0.01 |
(0.03) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.05 |
2.03 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.59 |
1.49 |
1.52 |
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 |
0.500 |
221.096 |
221.096 |
|
Reserves & Surplus |
(0.145) |
1637.667 |
1523.653 |
|
Net
worth |
0.355 |
1858.763 |
1744.749 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
3480.753 |
3064.534 |
|
Short term borrowings |
0.000 |
287.110 |
504.604 |
|
Total
borrowings |
0.000 |
3767.863 |
3569.138 |
|
Debt/Equity
ratio |
0.000 |
2.027 |
2.046 |
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 |
372.959 |
2296.896 |
1941.932 |
|
|
|
515.858 |
(15.454) |
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 |
372.959 |
2296.896 |
1941.932 |
|
Profit |
(0.116) |
27.094 |
(114.014) |
|
|
(0.03%) |
1.18% |
(5.87%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
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 |
No |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10384730 |
03/05/2014 * |
4,676,600,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BUILDING, GROUND FLOOR, 17, KAMANI MARG, BA |
C05060033 |
|
2 |
10354863 |
01/11/2012 * |
200,000,000.00 |
BANK OF MAHARASHTRA |
45/47, JANMANGAL BUILDING, BOMBAY SAMACHAR MARG, |
B64508708 |
|
3 |
10325493 |
24/01/2013 * |
250,000,000.00 |
EXPORT-IMPORT BANK OF INDIA |
CENTRE ONE BUILDING, WORLD TRADE CENTRE COMPLEX, |
B67335182 |
|
4 |
10330967 |
27/12/2011 |
250,000,000.00 |
EXPORT-IMPORT BANK OF INDIA |
CENTRE ONE BUILDING, FLOOR21, WORLD TRADE CENTRE |
B30306336 |
|
5 |
10299789 |
15/07/2011 |
50,000,000.00 |
INDIA FACTORING AND FINANCE SOLUTIONS PRIVATE LIMI |
6TH FLOOR, VAIBHAV CHAMBERS, OPPOSITE INCOME TAX,, |
B17920240 |
* Date of charge modification
|
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.60.00 |
|
|
1 |
Rs.102.72 |
|
Euro |
1 |
Rs.81.60 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
YOG |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
28 |
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.