MIRA INFORM REPORT
|
Report Date : |
27.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
SGS TEKNIKS MANUFACTURING PRIVATE LIMITED (w.e.f. 12.11.2012) |
|
|
|
|
Formerly Known as : |
SGS TEKNICS PRIVATE LIMITED |
|
|
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|
Registered Office : |
A-3 Infocity, Sector-34, Gurgaon – 122001, Haryana |
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Country : |
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Financials (as on) : |
31.03.2013 |
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|
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|
Date of Incorporation : |
02.03.2006 |
|
|
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|
Com. Reg. No.: |
05-044489 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs.17.128 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
u72200HR2006ptc44489 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
Dels33467A |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAKCS4000M |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
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|
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|
Line of Business : |
Electronic Manufacturing Services. |
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|
No. of Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 7900000 |
|
|
|
|
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. The company possesses a favourable financial profile marked by decent
networth base. Management has reported a decent turnover and net profitability during
2013. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. In view of synergies achieved due to the scheme of amalgamation
between various group companies, the subject 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
|
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 DENIED BY
|
Name : |
Mr. Manmohan Singh |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-124-4628800 |
|
Date : |
05.04.2014 |
LOCATIONS
|
Registered / Corporate Office: |
A-3, Info City, Sector - 34, Gurgaon-122001, Haryana,
India |
|
Tel. No.: |
91-124-4628800 / 4628833-34 |
|
Fax No.: |
91-124-4628821 |
|
E-Mail : |
gujral@sgst.com |
|
Website : |
www.sgst.com |
|
|
|
|
Factory : |
407, Phase Iv, Udyog Vihar, Gurgaon-122015, Haryana, India |
|
Tel. No.: |
91-124-2450239 / 2345894 |
|
Fax No.: |
91-124-2342105 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Jasbir Singh Gujral |
|
Designation : |
Director |
|
Address : |
D1/3, Rajouri Garden, new
Delhi – 110 027, India |
|
Date of Birth/Age : |
09.09.1955 |
|
Qualification : |
Fellow member of the institute
of Chartered Accountants of |
|
Date of Appointment : |
02.03.2006 |
|
DIN No.: |
00198825 |
|
|
|
|
Name : |
Mr. Sanjiv Narayan |
|
Designation : |
Director |
|
Address : |
F-255 A, Sainik Farms, |
|
Date of Birth/Age : |
12.04.1951 |
|
Qualification : |
B.TECH.(ELECT.), I.I.T Delhi – M.B.A., F.M.S. Delhi, India |
|
Date of Appointment : |
01.08.2006 |
|
DIN No.: |
00198864 |
|
|
|
|
Name : |
Mr. Ranjit Singh Lonial |
|
Designation : |
Director |
|
Address : |
D-1/25, Rajouri Garden, New Delhi – 110 027, India |
|
Date of Birth/Age : |
09.08.1957 |
|
Qualification : |
B.TECH.(MECH.) |
|
Date of Appointment : |
01.08.2006 |
|
DIN No.; |
00198890 |
|
|
|
|
Name : |
Mr. |
|
Designation : |
Director |
|
Address : |
J2/36, DLF – Phase II, Gurgaon – 122 002, Haryana, India |
|
Date of Birth/Age : |
26.04.1958 |
|
Qualification : |
Graduated with hounours from Delhi university and Post-Graduation in business management |
|
Date of Appointment : |
01.08.2006 |
|
DIN No.: |
00198916 |
KEY EXECUTIVES
|
Name : |
Mr. Manmohan Singh |
|
Designation : |
Accounts Head |
MAJOR SHAREHOLDERS
AS ON 30.09.2013
|
Names of Equity Shareholders |
No. of Shares |
|
Sanjiv Narayan |
401775 |
|
Ranjit Singh |
401774 |
|
K K Pant |
401773 |
|
J S Gujral |
401775 |
|
Sushma Narayan |
1422 |
|
Bhawanjit Kaur |
1422 |
|
Usha Pant |
1422 |
|
Sukhbir Kaur |
1422 |
|
|
|
|
Total |
1612785 |
|
Names of Preference Shareholders |
No. of Shares |
|
Sanjiv Narayan |
24972 |
|
Ranjit Singh |
24974 |
|
K K Pant |
24974 |
|
J S Gujral |
24972 |
|
Sushma Narayan |
27 |
|
Bhawanjit Kaur |
27 |
|
Usha Pant |
27 |
|
Sukhbir Kaur |
27 |
|
|
|
|
Total |
100000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Electronic Manufacturing Services. |
PRODUCTION STATUS (As on
31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Battery eliminators |
Nos. |
36000 |
36000 |
NIL |
|
Electronic Sub-Assemblies and Modules |
Rs. in millions |
5.000 |
5.000 |
4023793 |
|
Power Supplies |
Nos. |
5000 |
5000 |
NIL |
|
Switches and Relay |
Nos. |
25000 |
25000 |
NIL |
|
Chokes Coil Inductors |
Nos. |
Na |
NA |
NIL |
GENERAL INFORMATION
|
No of Employees : |
Not Available |
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Bankers : |
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|||||||||||||||||||||||||||
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Facilities : |
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|
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
J C Bhalla and Company Chartered Accountants |
|
Address : |
B-05, Sector -6, Noida – 201301, Uttar Pradesh, India |
|
Tel No.: |
91-120-4241000 |
|
Fax No.: |
91-120-4241007 |
|
PAN No.: |
AAAFJ3258M |
|
|
|
|
Related Parties : |
·
SGS Holding and Leasing Private Limited ·
Pavan Associates |
|
|
|
|
Associates : |
· Suprina Associates · Ranjit Krishna Properties Private Limited |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3010000 |
Equity Shares |
Rs.10/- each |
Rs.30.100 Millions |
|
100000 |
Preference Shares |
Rs.10/- each |
Rs.1.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.31.100
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1612785 |
Equity Shares |
Rs.10/- each |
Rs.16.128 Millions |
|
100000 |
Preference Shares |
Rs.10/- each |
Rs.1.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.17.128
Millions |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
17.128 |
17.128 |
|
(b) Reserves & Surplus |
|
1974.896 |
1910.210 |
|
(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) |
|
1992.024 |
1927.338 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
5.635 |
5.999 |
|
(b) Deferred tax liabilities (Net) |
|
19.872 |
14.791 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
4.930 |
3.632 |
|
Total Non-current
Liabilities (3) |
|
30.437 |
24.422 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
143.833 |
128.004 |
|
(b) Trade
payables |
|
238.385 |
183.442 |
|
(c) Other
current liabilities |
|
41.515 |
36.130 |
|
(d) Short-term
provisions |
|
10.178 |
4.481 |
|
Total Current
Liabilities (4) |
|
433.911 |
352.057 |
|
|
|
|
|
|
TOTAL |
|
2456.372 |
2303.817 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
258.309 |
267.807 |
|
(ii)
Intangible Assets |
|
1059.871 |
1053.530 |
|
(iii)
Capital work-in-progress |
|
10.270 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
175.697 |
100.014 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
78.218 |
28.563 |
|
(e) Other
Non-current assets |
|
19.949 |
17.841 |
|
Total Non-Current
Assets |
|
1602.314 |
1467.755 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
183.102 |
235.787 |
|
(b)
Inventories |
|
173.898 |
137.129 |
|
(c) Trade
receivables |
|
352.208 |
347.415 |
|
(d) Cash
and cash equivalents |
|
28.237 |
21.114 |
|
(e) Short-term
loans and advances |
|
83.733 |
63.425 |
|
(f) Other
current assets |
|
32.880 |
31.192 |
|
Total
Current Assets |
|
854.058 |
836.062 |
|
|
|
|
|
|
TOTAL |
|
2456.372 |
2303.817 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
15.082 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
363.518 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
378.600 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
156.062 |
|
|
2] Unsecured Loans |
|
|
3.300 |
|
|
TOTAL BORROWING |
|
|
159.362 |
|
|
DEFERRED TAX LIABILITIES |
|
|
13.520 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
551.482 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
256.486 |
|
|
Capital work-in-progress |
|
|
1.020 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
173.057
|
|
|
Sundry Debtors |
|
|
209.557
|
|
|
Cash & Bank Balances |
|
|
17.129
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
82.594
|
|
Total
Current Assets |
|
|
482.337
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
152.911
|
|
|
Other Current Liabilities |
|
|
23.592
|
|
|
Provisions |
|
|
11.858
|
|
Total
Current Liabilities |
|
|
188.361
|
|
|
Net Current Assets |
|
|
293.976
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
551.482 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1465.211 |
815.347 |
1088.604 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
117.082 |
72.442 |
101.768 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
26.107 |
12.548 |
16.590 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
90.975 |
59.894 |
85.178 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
16.270 |
7.014 |
6.120 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
74.705 |
52.880 |
79.058 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
45.96 |
32.79 |
52.42 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PBT/Sales) |
(%) |
6.21 |
7.35 |
7.82 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.01 |
2.72 |
11.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.03 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.08 |
0.07 |
0.92 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.97 |
2.37 |
2.56 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
17.128 |
17.128 |
|
Reserves & Surplus |
1910.210 |
1974.896 |
|
Net
worth |
1927.338 |
1992.024 |
|
|
|
|
|
long-term borrowings |
5.999 |
5.635 |
|
Short term borrowings |
128.004 |
143.833 |
|
Total
borrowings |
134.003 |
149.468 |
|
Debt/Equity
ratio |
0.070 |
0.075 |
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 |
1088.604 |
815.347 |
1465.211 |
|
|
|
(25.102) |
79.704 |
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
|
1088.604 |
815.347 |
1465.211 |
|
Profit |
79.058 |
52.880 |
74.705 |
|
|
7.26% |
6.49% |
5.10% |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
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 |
NOTE: Registered office address
of the company has been shifted from F 225 A Sainik Fams, New Delhi – 110062,
Delhi, India to present w.e.f. 02.12.2011
OPERATIONS AND FUTURE OUTLOOK:
There are
manufacturing concerns throughout the world and new orders are under pressure
as the Euro Zone is sliding into further recession and the United State is
struggling to build up any economic steam. Industry experts anticipate growth
in the manufacturing sector to struggle worldwide until some positive
sentiments are injected into the economy.
The global economy
struggled during the FY 2012-13 as had been anticipated by the majority of
experts. Several European economies experienced recession due to high
unemployment, banking fragility, fiscal tightening and sluggish growth. The
global economic growth reduced to 3.2% in 2012 as compared to 3.5% in 2011.
Among the Asia economies, China, going through a political transition,
experienced considerably slower growth.
Deceleration in
industrial output and export weakened India’s economic growth significantly.
The decline in growth was witnessed in almost all segments of the economy. The
Country recorded a decade low GDP growth of 5% in 2012-13, compared to 6.5% in
2011-12. The index of Industrial Production (IIP) recorded a subdued growth of
1% in 2012-13 as against 2.8% in 2011-12.
The performance of
Indian corporate sector has been sluggish. Increasing external commercial
borrowing along with un-hedged foreign exchange exposure further increased
their vulnerability. Current account deficit emerged as a major challenge for
economic stability. RBI, in its Annual Monetary Policy, has projected the
Country’s GDP growth rate at 5.7% for the year 2013-14.
The Company
expects increasing pressure on margins in its business during the current
financial year.
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Other Loans and
Advances |
2.450 |
4.630 |
|
|
|
|
|
Total |
2.450 |
4.630 |
FIXED ASSETS:
· Land
· building
· Plant and Machinery
· computer
· Office Equipments
· Vehicles
· Coolers and Refrigerators
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 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] 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.60.16 |
|
|
1 |
Rs.102.23 |
|
Euro |
1 |
Rs.82.04 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
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 |
|
46 |
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.