1. Summary Information
|
|
|
Country |
India |
|
Company Name |
ATC TOWER COMPANY OF INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Edmund John Disanto Disanto |
|
Status |
Moderate |
Principal Name 2 |
Mr. Amit Suraj Sharma |
|
|
|
Registration # |
05-043568 |
|
Street Address |
Plot No. B-15,
1st Floor, Sector 32, Gurgaon – 122001, Haryana |
||
|
Established Date |
22.02.2006 |
SIC Code |
-- |
|
Telephone# |
91-22-40082700 |
Business Style 1 |
Provider |
|
Fax # |
91-22-40156025 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Telecom infrastructure services |
|
|
# of employees |
100 (Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.1212,585,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings( Foreign institutional investor(s), Foreign
companie(s) Foreign financial institution(s), Non-resident Indian(s) or
Overseas Corporate bodies or Others – 100% |
Banking |
Not Divulged |
|
Public Limited Corp. |
No |
Business Period |
8 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B (30) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding
Company |
|
American Tower Mauritius |
|
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
275,811,000 |
Current Liabilities |
131,817,000 |
|
Inventories |
0 |
Long-term Liabilities |
0.000,000 |
|
Fixed Assets |
673,309,000 |
Other Liabilities |
73,826,000 |
|
Deferred Assets |
0 |
Total Liabilities |
205,643,000 |
|
Invest& other Assets |
7,027,000 |
Retained Earnings |
(462,081,000) |
|
|
|
Net Worth |
750,504,000 |
|
Total Assets |
956,147,000 |
Total Liab. & Equity |
956,147,000 |
|
Total Assets (Previous Year) |
1,068,009,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
348,489,000 |
Net Profit |
(17,517,000) |
|
Sales(Previous yr) |
355,239,000 |
Net Profit(Prev.yr) |
(34,553,000) |
MIRA INFORM REPORT
|
Report Date : |
22.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
ATC TOWER COMPANY OF INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. B-15, 1st Floor, Sector 32, Gurgaon – 122001, Haryana |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
22.02.2006 |
|
|
|
|
Com. Reg. No.: |
05-043568 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1212.585 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U64203HR2006PTC043568 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Provider of telecom infrastructure services. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 3100000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. There are accumulated losses recorded by the company. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for 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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
State-run banks hired nearly
300000 personnel including more than 94000 officers in the last four years,
according to the Indian Banks Association. A study by trade lobby Assocham in
September 2013 indicated that banks would need 800000 people in the next six
years. It estimated that state-run lenders alone would hire 50000 people in
2013/14.
The Competition Commission of
India plans to issue final orders within a broad time-frame of one year in
matters where it decides to carry out detailed investigations. The number of
complaints received by the watchdog which keeps tabs on unfair trade practices
in the marketplace.
The government has detected
custom tax evasion totaling around Rs 37920 mn in 14 states until December.
Maharashtra topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs
8140 mn, Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.
Connaught Place in New Delhi
slipped four notches to become the world’s eighth most expensive office
locations. London’s West End is the world’s most expensive office market.
There are 4.072 mn number of
high value spenders under the scanner of the income tax department. The income
tax department has information that they have made cash deposits announcing to
Rs 1 mn or more in their savings bank accounts in the current financial year.
It plans to check potential evasion before the closing of the financial year on
March 31.
Estimated pharmaceutical sales
in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago.
The life sciences and health care industry is up against challenges such as
quality management, says a recent Deloitte report.
The gross non-performing assets
of listed banks rose 35.2 % to Rs 2.43 lakh crore during the first three months
of the financial year. In absolute terms, the 40 listed banks added Rs 3386
crore to their gross NPAs in nine months with the State Bank of India leading
with the State Bank of India leading with an accretion of Rs 16610 crore.
The inflow of smuggled gold
doubled in 2013 following restrictions to curb the supply from official
channels to contain the current account deficit. China surpassed India in the
demand for gold for the first time in 2013 due to liberalization of gold
trading norms by its local governments.
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
|
Name : |
Mr. Chahat Khan |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-22-40082700 |
|
Date : |
18.03.2014 |
LOCATIONS
|
Registered Office : |
Plot No. B-15, 1st Floor, Sector 32, Gurgaon – 122001, Haryana, India |
|
Tel. No.: |
91-22-40082700 |
|
Fax No.: |
91-22-40156025 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Branch 1 : |
404, 4th Floor, Skyline Icon, Near Mittal Industrial Estate, Andheri Kurla Road, Andheri (East), Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-40082700 |
|
Fax No.: |
91-22-48002852 |
|
|
|
|
Branches : |
S2 Level, Upper Ground Floor, Block – F, International Trade Tower, Nehru Place, New Delhi – 110019, India |
|
Tel. No.: |
91-11-46705600 |
|
Fax No.: |
91-11-46705633 |
|
E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
As On 05.09.2013
|
Name : |
Mr. Edmund John Disanto Disanto |
|
Designation : |
Director |
|
Address : |
56, High Ridge Road, West Hartford, CT, United State of America |
|
Date of Birth/Age : |
23.05.1952 |
|
Date of Appointment : |
11.02.2008 |
|
DIN No.: |
02027137 |
|
|
|
|
Name : |
Mr. Amit Suraj Sharma |
|
Designation : |
Director |
|
Address : |
A-20, Neeti Bagh, Ground Floor, New Delhi – 110049, India |
|
Date of Birth/Age : |
22.01.1951 |
|
Date of Appointment : |
19.09.2007 |
|
DIN No.: |
00050254 |
|
|
|
|
Name : |
Mr. Rajesh Madan |
|
Designation : |
Director |
|
Address : |
D 6/120, DLF – 1, Gurgaon – 122002, Haryana, India |
|
Date of Birth/Age : |
26.03.1950 |
|
Date of Appointment : |
03.06.2011 |
|
DIN No.: |
02647922 |
KEY EXECUTIVES
|
Name : |
Mr. Nitin Appasaheb Doddihal |
|
Designation : |
Manager |
|
Address : |
1501, 15th floor, Hazelnut, Hiranandani Meadows, Pokharan
Road, No. 2, Thane (West), Thane – 400601, Maharashtra, India |
|
Date of Birth/Age : |
10.05.1971 |
|
Qualification : |
MDIT, B.E |
|
Date of Appointment : |
21.04.2011 |
|
PAN No.: |
AALPD9070G |
|
|
|
|
Name : |
Mr. Vijay Kumar Agarwal |
|
Designation : |
Secretory |
|
Address : |
903, Pharaohs Tower, the Omaxe Line Apartment, Sohna Road, Gurgaon –
122018, Haryana, India |
|
Date of Birth/Age : |
01.07.1966 |
|
Qualification : |
CA, ACS |
|
Date of Appointment : |
14.03.2011 |
|
PAN No.: |
AANPA1844R |
|
Name : |
Mr. Chahat Khan |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As On 05.09.2013
|
Name
of Shareholders |
No.
of Shares |
|
|
121258505 |
|
|
1 |
|
Total |
121,258,506 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Provider of telecom infrastructure services. |
||||||
|
|
|
||||||
|
Products : |
|
||||||
|
|
|
||||||
|
Terms : |
|
||||||
|
Selling : |
L/C and Credit |
||||||
|
|
|
||||||
|
Purchasing : |
L/C and Credit |
GENERAL INFORMATION
|
|
|
|||||||||||||||
|
No. of Employees : |
100 (Approximately) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
Not Divulged |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking Relations
: |
|
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Tower 3, 27th -
32nd Floor, Indiabulls Finance Centre, Elphinstone Mills Compound,
Senapati Bapat Marg, Elphinstone (West), Mumbai - 400 013, Maharashtra, India |
|
PAN No.: |
AABFD2095B |
|
|
|
|
Holding Company |
American Tower Mauritius |
|
|
|
|
Ultimate Holding Company : |
American Tower Corporation, USA |
|
|
|
|
Fellow
Subsidiary company : |
|
CAPITAL STRUCTURE
As On 05.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
140000000 |
Equity Shares |
Rs.10/- each |
Rs.1400.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
121258506 |
Equity Shares |
Rs.10/- each |
Rs.1212.585 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 |
1,212.585 |
1,212.585 |
1,212.585 |
|
(b) Reserves & Surplus |
(462.081) |
(444.563) |
(410.010) |
|
(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) |
750.504 |
768.022 |
802.575 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.620 |
1.368 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
7.333 |
5.997 |
7.040 |
|
(d) long-term provisions |
39.041 |
30.749 |
52.327 |
|
Total
Non-current Liabilities (3) |
46.374 |
37.366 |
60.735 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
62.500 |
|
(b) Trade payables |
88.649 |
181.813 |
137.602 |
|
(c) Other current liabilities |
66.493 |
77.776 |
86.014 |
|
(d) Short-term provisions |
4.127 |
3.032 |
10.954 |
|
Total
Current Liabilities (4) |
159.269 |
262.621 |
297.070 |
|
|
|
|
|
|
TOTAL |
956.147 |
1,068.009 |
1,160.380 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
673.309 |
720.867 |
803.926 |
|
(ii) Intangible Assets |
0.000 |
0.031 |
0.082 |
|
(iii) Capital work-in-progress |
7.027 |
2.262 |
4.796 |
|
(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 |
33.355 |
52.856 |
57.391 |
|
(e) Other Non-current assets |
22.794 |
21.229 |
10.442 |
|
Total
Non-Current Assets |
736.485 |
797.245 |
876.637 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
46.735 |
51.716 |
29.408 |
|
(d) Cash and cash equivalents |
75.333 |
133.487 |
4.112 |
|
(e) Short-term loans and
advances |
88.038 |
65.926 |
250.141 |
|
(f) Other current assets |
9.556 |
19.635 |
0.082 |
|
Total
Current Assets |
219.662 |
270.764 |
283.743 |
|
|
|
|
|
|
TOTAL |
956.147 |
1,068.009 |
1,160.380 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
348.489 |
355.239 |
188.425 |
|
|
Other Income |
30.925 |
14.480 |
1.550 |
|
|
TOTAL
(A) |
379.414 |
369.719 |
189.975 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
|
|
|
|
Purchases of Stock-in-Trade |
|
|
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
275.947 |
302.059 |
122.822 |
|
|
Employees benefits expense |
|
|
|
|
|
Other expenses |
|
|
|
|
|
TOTAL
(B) |
275.947 |
302.059 |
122.822 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
103.467 |
67.660 |
67.153 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.378 |
8.182 |
2.075 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
99.089 |
59.478 |
65.078 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
92.017 |
94.031 |
88.723 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, PRIOR PERIOD ITEMS
(C-D) (E) |
7.072 |
(34.553) |
(23.645) |
|
|
|
|
|
|
|
Less/
Add |
PRIOR
PERIOD ITEMS |
24.589 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
(17.517) |
(34.553) |
(23.645) |
|
|
|
|
|
|
|
Less |
TAX
(I) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
(17.517) |
(34.553) |
(23.645) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
(444.563) |
(410.010) |
(386.365) |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
(462.080) |
(444.563) |
(410.010) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(0.14) |
(0.28) |
(0.200) |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(4.62)
|
(9.35) |
(12.45) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(5.03)
|
(9.73) |
(12.55) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.85)
|
(3.24) |
(2.05) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.02)
|
(0.04) |
(0.03) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
0.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.38
|
1.03 |
0.96 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
1,212.585 |
1,212.585 |
1,212.585 |
|
Reserves & Surplus |
(410.010) |
(444.563) |
(462.081) |
|
Net
worth |
802.575 |
768.022 |
750.504 |
|
|
|
|
|
|
long-term borrowings |
1.368 |
0.620 |
0.000 |
|
Short term borrowings |
62.500 |
0.000 |
0.000 |
|
Total
borrowings |
63.868 |
0.620 |
0.000 |
|
Debt/Equity
ratio |
0.080 |
0.001 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
188.425 |
355.239 |
348.489 |
|
|
|
88.531 |
(1.900) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
188.425 |
355.239 |
348.489 |
|
Profit After Tax |
(23.645) |
(34.553) |
(17.517) |
|
|
(12.55%) |
(9.73%) |
(5.03%) |
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 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 |
Yes |
|
20] |
Export
/ Import details (if applicable) |
No |
|
21] |
Market
information |
--- |
|
22] |
Litigations
that the firm / promoter involved in |
--- |
|
23] |
Banking
Details |
No |
|
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 |
OPERATIONS AND FUTURE PROSPECTS:
During the year,
the Company earned total revenue of Rs. 379.400 Millions (which includes other income
of Rs. 30.900 Millions). The revenues are in the form of provisioning charges
in respect of the passive infrastructure, energy and other reimbursements.
NOTE:
No Charges Exist for Company.
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.61.98 |
|
|
1 |
Rs.101.41 |
|
Euro |
1 |
Rs.85.08 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.