MIRA INFORM REPORT
|
Report Date : |
09.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
Q-RAILING INDIA PRIVATE LIMITED (w.e.f.
26.06.2012) |
|
|
|
|
Formerly Known
As : |
CARL
F INTERNATIONAL PRIVATE LIMITED (w.e.f. 23.11.2010) CARL F INDIA PRIVATE LIMITED (w.e.f. 02.01.2007) D
LINE INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. C-239, T.T.C Industrial Area, MIDC, Pawne Village, Navi Mumbai
– 400 075, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
19.11.1999 |
|
|
|
|
Com. Reg. No.: |
11-122712 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.41.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100MH1999PTC122712 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMD06456C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD9871H |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is inter-alia engaged in the business of manufacturing,
importing, exporting, trading and installation of all types of iron and steel
items, architectural hardware, bathroom and washroom items and signage
products. |
|
|
|
|
No. of Employees
: |
Information declined by the Management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 291000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a subsidiary of “Q-Railing Central Europe GmbH”. It is a
well-established company having moderate track. The company possesses a moderate financial profile marked by
consecutive losses which have further deteriorated the position of reserves
during FY 13. Further the ratings also take into consideration, the decent sales
turnover along with comfortable capital structure and ample liquidity, as a
result financial as well as managerial support extended by the parent. Trade relations are fair. Business is active. Payment terms are
reported as slow but correct. In view of experienced promoters, the subject can be considered for
business dealings 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.
INDIAN ECONOMIC OVERVIEW
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab Emirates
().98 million) and Malaysia ().82 million) emerged as the preferred holidays
hotspots for Indians. The total figure is expected to increase to 1.93 million
by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil Corporation
plans to invest Rs 7650 crore in setting up a petrochemical complex at its
almost complete Paradip refinery in Odhisha in three to four years. The company
board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
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 DECLINED
Management non-cooperative
(Tel. No.: 91-22-40978800)
LOCATIONS
|
Registered Office : |
Plot No. C-239, T.T.C Industrial Area, MIDC, Pawne Village, Navi
Mumbai – 400 075, Maharashtra, India |
|
Tel. No.: |
91-22-40978800 |
|
Fax No.: |
91-22-28472373/ 27684367 |
|
E-Mail : |
|
|
Website : |
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|
|
|
|
Regional Office 1 : |
South Aruna Illam No.75, 9th A Main Road, 4th C Block, Koromangala,
Bangalore – 560 034, Karnataka, India |
|
Tel. No.: |
91-80-41217276/ 7 |
|
Fax No.: |
91-80-41217277 |
|
E-Mail : |
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Regional Office 2: |
North 1512-1513 Andal Tower, Nehru Place, New Delhi – 110 019, India |
|
Tel. No.: |
91-11-41674213/ 4 |
|
Fax No.: |
91-11-26435888 |
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E-Mail : |
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Branch Office : |
Located at: ·
Chennai ·
Pune ·
Ahmedabad ·
·
Jaipur ·
Kolkata |
|
|
|
|
Overseas Showrooms : |
Located at: ·
Germany ·
United Kingdom ·
Denmark ·
Italy ·
Espana ·
Belgium ·
France ·
Norway ·
Poland ·
Austria ·
Nigeria ·
USA |
DIRECTORS
AS ON 10.10.2013
|
Name : |
Mr. Ronald Wouter Guliker |
|
Designation : |
Director |
|
Address : |
Hoher WEG 23, Emmerich AM, Rhein 46446, Germany |
|
Date of Birth/Age : |
14.08.1971 |
|
Date of Appointment : |
16.03.2012 |
|
DIN No.: |
05212931 |
|
|
|
|
Name : |
Mr. Laxmikant Dhondu Gawde |
|
Designation : |
Additional Director |
|
Address : |
704, A-Wing, Sumitra Tower, Kalwa (W), Aai NGR, Thane – 400 605,
Maharashtra, India |
|
Date of Birth/Age : |
31.10.1978 |
|
Date of Appointment : |
19.02.2013 |
|
DIN No.: |
06503248 |
KEY EXECUTIVES
|
Name : |
Mr. Sandeep Seth |
|
Designation : |
Regional Sales Manager –
North |
|
E-Mail : |
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|
|
|
|
Name : |
Mr. Joseph
Fernandes |
|
Designation : |
Regional Sales Manager -
West |
|
E-Mail : |
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|
|
|
|
Name : |
Mr. Unnikrishnan R. |
|
Designation : |
Regional Sales Manager –
South |
|
E-Mail : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 10.10.2013
|
Names of Shareholders |
|
No. of Shares |
|
Q-Railing Central Europe GmbH, Germany |
|
5349999 |
|
Laxmikant Gawde jointly with Q-Railing Central Europe GmbH (Laxmikant
Gawde acting as nominee) |
|
1 |
|
Total
|
|
5350000 |
AS ON 10.10.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is inter-alia engaged in the business of manufacturing,
importing, exporting, trading and installation of all types of iron and steel
items, architectural hardware, bathroom and washroom items and signage
products. |
PRODUCTION STATUS [AS ON 31.12.2011]:
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
S.S. Flats |
Nos. |
13200 |
7779 |
|
S.S. Pipes |
Nos. |
14250 |
14689 |
|
Finished goods others |
Nos. |
-- |
345 |
|
|
|
27450 |
22813 |
Notes:
1)
Licensed capacity has not
been shown, as the industry has been de-licensed.
2)
Installed capacity is for
single shift and is as certified by the managements and has been accepted by
the auditors without verification, being a technical matter.
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the Management. |
|
|
|
|
Bankers : |
Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of
India, Dr. Annie Besant Road, Worli, Mumbai – 400 018, Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
MZSK and Associates Chartered Accountants |
|
Address : |
The Ruby, Level 9, North West Wing, Senapati Bapat Marg, Dadar (West),
Mumbai – 400 028, Maharashtra, India |
|
Tel. No.: |
91-22-24393600 |
|
Fax No.: |
91-22-24393700 |
|
Website : |
|
|
PAN No.: |
AACFK3470E |
|
|
|
|
Holding Company : |
Q-Railing Central Europe GmbH, Germany |
CAPITAL STRUCTURE
AS ON 10.10.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5600000 |
Equity Shares |
Rs.10/- each |
Rs.56.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5350000 |
Equity Shares |
Rs.10/- each
|
Rs.53.500
millions |
|
|
|
|
|
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4100000 |
Equity Shares |
Rs.10/- each |
Rs.41.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4100000 |
Equity Shares |
Rs.10/- each |
Rs.41.000 millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
01.01.2012 to
31.03.2013 (15 months) |
01.01.2011 to
31.12.2011 (12 months) |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
41.000 |
41.000 |
|
(b) Reserves & Surplus |
|
31.830 |
62.983 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
72.830 |
103.983 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
Long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
75.064 |
91.819 |
|
(c)
Other current liabilities |
|
14.489 |
6.079 |
|
(d)
Short-term provisions |
|
2.536 |
2.197 |
|
Total
Current Liabilities (4) |
|
92.089 |
100.095 |
|
|
|
|
|
|
TOTAL |
|
164.919 |
204.078 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
4.205 |
8.485 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
4.840 |
3.599 |
|
(d) Long-term Loan
and Advances |
|
17.792 |
13.887 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
26.837 |
25.971 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
22.790 |
44.406 |
|
(c)
Trade receivables |
|
98.026 |
117.333 |
|
(d)
Cash and cash equivalents |
|
11.730 |
11.801 |
|
(e)
Short-term loans and advances |
|
2.450 |
2.476 |
|
(f)
Other current assets |
|
3.086 |
2.091 |
|
Total
Current Assets |
|
138.082 |
178.107 |
|
|
|
|
|
|
TOTAL |
|
164.919 |
204.078 |
|
SOURCES OF FUNDS |
|
|
31.12.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
41.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
85.659 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
126.659 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
126.659 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
6.048 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.195 |
|
|
DEFERRED TAX ASSETS |
|
|
7.422 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
41.908 |
|
|
Sundry Debtors |
|
|
135.625 |
|
|
Cash & Bank Balances |
|
|
12.327 |
|
|
Other Current Assets |
|
|
2.500 |
|
|
Loans & Advances |
|
|
13.619 |
|
Total
Current Assets |
|
|
205.979 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
78.438 |
|
|
Other Current Liabilities |
|
|
8.675 |
|
|
Provisions |
|
|
5.872 |
|
Total
Current Liabilities |
|
|
92.985 |
|
|
Net Current Assets |
|
|
112.994 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
126.659 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
01.01.2012 to
31.03.2013 (15 months) |
01.01.2011 to
31.12.2011 (12 months) |
31.12.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Gross Revenue |
265.457 |
211.105 |
236.027 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
NA |
NA |
NA |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.779 |
3.737 |
5.842 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
6.314 |
2.500 |
|
|
|
|
|
|
|
|
|
|
SHORT PROVISION OF
INCOME TAX FOR EARLIER YEARS |
0.401 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(31.152) |
(22.677) |
(0.958) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Sale of (traded) on FOB basis |
1.224 |
8.899 |
5.686 |
|
|
|
Commission Income |
1.776 |
0.157 |
0.000 |
|
|
|
Reimbursement of expenses |
0.000 |
0.000 |
0.615 |
|
|
TOTAL EARNINGS |
3.000 |
9.056 |
6.301 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Trading Goods |
4.754 |
4.215 |
2.722 |
|
|
TOTAL IMPORTS |
4.754 |
4.215 |
2.722 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(7.60) |
(5.53) |
(0.23) |
|
KEY RATIOS
|
PARTICULARS |
|
01.01.2012 to
31.03.2013 (15 months) |
01.01.2011 to
31.12.2011 (12 months) |
31.12.2010 |
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.50
|
1.78 |
2.22 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.12.2011 |
31.03.2013 |
|
|
|
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
|
41.000 |
41.000 |
|
Reserves & Surplus |
|
62.983 |
31.830 |
|
Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Net worth |
|
103.983 |
72.830 |
|
|
|
|
|
|
Long-term borrowings |
|
0.000 |
0.000 |
|
Short term borrowings |
|
0.000 |
0.000 |
|
Total borrowings |
|
0.000 |
0.000 |
|
Debt/Equity ratio |
|
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.12.2010 |
31.12.2011 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Gross Revenue |
236.027 |
211.105 |
265.457 |
|
|
|
(10.559) |
25.746 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.12.2010 |
31.12.2011 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Gross Revenue |
236.027 |
211.105 |
265.457 |
|
Profit |
(0.958) |
(22.677) |
(31.152) |
|
|
(0.41%) |
(10.74%) |
(11.74%) |
LOCAL AGENCY FURTHER INFORMATION
Details of Current Maturities of Long Term
Debt: 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 |
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
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 |
10234914 |
28/01/2014 * |
62,500,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY
OF INDIA, DR. |
B96886718 |
*
Date of charge modification
CONTINGENT LIABILITIES NOT PROVIDED FOR (AS ON 31.03.2013):
a) Bank guarantee given by the Company (counter guaranteed by the parent
company) in favour of third party towards its product performance outstanding
on 31st march 2013 Rs.8.599 millions.
b) Additional sales tax in respect of interstate sales where the requisite
forms have not been received as required under the sales tax laws Rs.12.013
millions.
c) In respect of warranties on sale of manufactured products and items
purchased locally, no provision has been made, as the quantum could not be
ascertained.
FIXED ASSETS
·
Plant and Machinery
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Office Improvements
·
Mobiles
·
Electrical Fittings
·
Computers
WEBSITE DETAILS:
NEWS/ ARTICLE
Q-RAILING ACQUIRES
CARL F RAILING DIVISION
Published On:
September 5th, 2012
Q-railing has completed its purchase of the railing system division of India-based Carl F International. Q-railing is excited to add the 60-person office in Mumbai from which Q-railing will be able to serve customers throughout India as Q-railing India. Q-railing started business operations in India since February 2000. Q-railing manufactures and supplies high-quality railing systems. In Europe, they are the leading supplier of railing systems to the professional market. The idea on which the company is currently based quickly came to fruition – namely to produce an independent and professional product range of railing systems featuring excellence in quality, functionality and design and to supply it to customers throughout the world. Q-railing is known worldwide for our unique Q-designs, extreme modularity, unparalleled quality, and surprising affordability. The company passion for the highest design and complete modular approach to railing systems makes its designs so unique. Safety and quality provide the basis for its work whilst functionality and appearance are its focus. . They enable customers to combine elements from any of their product lines to create the exact look they desire. The company gives utmost importance to safety and detail in paramount in everything that it does. Optimal production methods and perfect logistical performance, ensures that their customers receive top quality products, which all meet the highest international quality standards.
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 records 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 records 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] 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.59.20 |
|
|
1 |
Rs.99.52 |
|
Euro |
1 |
Rs.80.83 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
33 |
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.