MIRA
INFORM REPORT
|
Report Date : |
27.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
DEMPO INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Dempo House, |
|
|
|
|
Country : |
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|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
15.12.1987 |
|
|
|
|
Com. Reg. No.: |
24-000787 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.545.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15541GA1987PTC000787 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRD02767C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU1705F |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject
is in the business of Printing and Publishing of Newspaper and Generation of
Wind Energy. |
|
|
|
|
No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4180000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
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|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having satisfactory track record. The management has filed the latest financial record for the year 2013
but same could not be made available from government department. As per available financial record of 2012, the company has achieved
decent profitability from its operation. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
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
India’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product
from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in
exports and moderation in gold imports. Manufacturing activity and new orders
in India showed their strongest growth in a year in February. The news comes as
a relief after data showed Asia’s third largest economy grew by a
slower-than-expected 4.7 % annually in the three months through December. The
HSBC Manufacturing Purchasing Managers’ Index which gauges the business
activity of India’s factories but not its’ utilities, rose to 52.5 in February,
its highest in a year from 51.4 in January. Overall new orders for factory
goods which rose to a one-year high of 54.9 contributed to the surge. China has
emerged as India’s biggest trading partner in the current financial year
replacing the United Arab Emirates and pushing it to the third spot.
India-China trade has reached $49.5 billion with a 8.7 % share in India’s total
trade. The US comes second at $46 billion with 8.1 % share during the first
nine months of the current financial year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
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 co-operative [91-832-6651112]
LOCATIONS
|
Registered Office : |
Dempo House, DB Bandodkar Road, Campal, Panaji-403001, Goa, India |
|
Tel. No.: |
91-832-2224556/2441314/2441300 |
|
Fax No.: |
91-832-2228588/2225098 |
|
E-Mail : |
|
|
|
|
|
Head Office : |
Navhind Papers and Publications, Navhind Bhavan, Rusa Ismail Gracias,
Panaji-403001, Goa, India |
|
Tel No.: |
91-832-6651112 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Shrinivas Vasudeva Dempo |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
Dempo Villa, Altinho, Panaji-403001, Goa, India |
|
Date of Birth/Age : |
02.02.1969 |
|
Date of Appointment : |
28.12.1999 |
|
Din No.: |
00043413 |
|
|
|
|
Name : |
Mrs. Pallavi Shrinivas Dempo |
|
Designation : |
Whole Time Director |
|
Address : |
Dempo Villa, Altinho, Panaji-403001, Goa, India |
|
Date of Birth/Age : |
15.02.1975 |
|
Date of Appointment : |
27.12.2005 |
|
Din No.: |
00003489 |
|
|
|
|
Name : |
Mr. Balasubramanian Ganapathy |
|
Designation : |
Director |
|
Address : |
105, Mathura Nandanvan Complex, Caranzalem, Panaji, Goa, India |
|
Date of Birth/Age : |
29.10.1954 |
|
Date of Appointment : |
25.06.2005 |
|
Din No.: |
00020756 |
|
|
|
|
Name : |
Mr. Sudin Manohar Usgaokar |
|
Designation : |
Director |
|
Address : |
XB-2, Sakhardande Apartment, Dr. Dada Vaidya Road, Panaji-403001, Goa,
India |
|
Date of Birth/Age : |
25.11.1958 |
|
Date of Appointment : |
25.06.2005 |
|
Din No.: |
00326964 |
KEY EXECUTIVES
|
Name : |
Ms. Beena Mahambrey |
|
Designation : |
Secretary |
|
Address : |
5/B, F4, Model, Millenniums, Vistas, Caranzalem-403002, Goa, India |
|
Date of Birth/Age : |
12.05.1979 |
|
Date of Appointment : |
30.06.2009 |
|
Pan No.: |
AOQPM2346P |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Equity Shares |
No. of
Preferences Shares |
|
Shrinivas Vasudeva Dempo |
1 |
-- |
|
Soiru V. Dempo |
1 |
-- |
|
V.S. Dempo Holdings Private Limited, India |
49999998 |
5000000 |
|
|
|
|
|
TOTAL
|
50000000 |
5000000 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject
is in the business of Printing and Publishing of Newspaper and Generation of
Wind Energy. |
||||||
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||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management. |
|
|
|
|
Bankers : |
Bank of India, Compal, Panaji, Goa, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R. Sundararaman and Company Chartered Accountants |
|
Address : |
30/2, Indira Colony, Ashok Nagar, Chennai, Tamilnadu, India |
|
Tel. No.: |
91-44-24749101/24749069 |
|
Fax No.: |
91-44-43054239 |
|
E-Mail : |
|
|
PAN No: |
AAHFR5192F |
|
|
|
|
Holding Company : |
V. S. Dempo Holdings Private Limited (Formerly Esmeralda Investments
Private Limited) [U65993GA1984PTC000570] |
|
|
|
|
Fellow Subsidiaries : |
·
Marmagoa Shipping and Stevedoring Company Private
Limited [U61100GA1963PTC000003] ·
Dempo Shipbuilding and Engineering Private
Limited [U74210GA1963PTC000009] ·
Dempo Travels Private Limited
[U63040GA1983PTC000552] ·
Aparant Iron and Steel Private Limited
[U27103GA1998PTC002568] ·
Hindustan Foods Limited [L15139GA1984PLC000601] |
|
|
|
|
Wholly Owned Subsidiaries : |
·
Dempo Global Corporation Pte. Limited ·
Pt. Dempo Global Resources |
|
|
|
|
Other Related
Parties : |
·
Devashri Real Estate Developers ·
Motown Investments Private Limited
[U65993GA1992PTC001207] ·
Ratnaprabha Advisory Services LLP ·
Jaiprabha Advisory Services LLP ·
Goa Carbon Limited ·
Audio Visual Media |
CAPITAL STRUCTURE
AS ON 30.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Millions |
|
5000000 |
Preferences Shares |
Rs.100/- each |
Rs.500.000 Millions |
|
|
TOTAL
|
|
Rs.1000.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Millions |
|
5000000 |
Preferences Shares |
Rs.100/- each |
Rs.500.000 Millions |
|
|
TOTAL
|
|
Rs.1000.000
Millions |
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
95500000 |
Equity Shares |
Rs.10/- each |
Rs.955.000 Millions |
|
450000 |
Preferences Shares |
Rs.100/- each |
Rs.45.000 Millions |
|
|
TOTAL
|
|
Rs.1000.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Millions |
|
450000 |
Preferences Shares |
Rs.100/- each |
Rs.45.000 Millions |
|
|
TOTAL
|
|
Rs.545.000
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
545.000 |
200.000 |
|
(b) Reserves & Surplus |
|
500.012 |
476.011 |
|
(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) |
|
1045.012 |
676.011 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
206.000 |
80.000 |
|
(b) Deferred tax liabilities (Net) |
|
19.273 |
22.187 |
|
(c) Other long
term liabilities |
|
0.357 |
0.351 |
|
(d) Long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
225.630 |
102.538 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
15.770 |
11.905 |
|
(c)
Other current liabilities |
|
14.252 |
12.675 |
|
(d) Short-term
provisions |
|
4.630 |
0.000 |
|
Total Current
Liabilities (4) |
|
34.652 |
24.580 |
|
|
|
|
|
|
TOTAL |
|
1305.294 |
803.129 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
210.883 |
224.134 |
|
(ii)
Intangible Assets |
|
0.846 |
1.691 |
|
(iii) Capital
work-in-progress |
|
6.670 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
541.985 |
352.560 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
9.728 |
9.707 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
770.112 |
588.092 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
416.988 |
93.207 |
|
(b) Inventories |
|
8.991 |
10.195 |
|
(c)
Trade receivables |
|
90.869 |
85.134 |
|
(d) Cash
and cash equivalents |
|
8.767 |
8.687 |
|
(e)
Short-term loans and advances |
|
9.567 |
17.814 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
535.182 |
215.037 |
|
|
|
|
|
|
TOTAL |
|
1305.293 |
803.129 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
155.000 |
|
|
2] Share Application Money |
|
|
45.000 |
|
|
3] Reserves & Surplus |
|
|
460.032 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
660.032 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
23.920 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
683.952 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
242.167 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
358.199 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
4.198 |
|
|
Sundry Debtors |
|
|
82.076 |
|
|
Cash & Bank Balances |
|
|
4.736 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
18.885 |
|
Total
Current Assets |
|
|
109.895 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
11.329 |
|
|
Other Current Liabilities |
|
|
12.669 |
|
|
Provisions |
|
|
2.311 |
|
Total
Current Liabilities |
|
|
26.309 |
|
|
Net Current Assets |
|
|
83.586 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
683.952 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
317.333 |
277.575 |
275.220 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Sales |
225.458 |
198.855 |
190.233 |
|
|
|
TOTAL (B) |
225.458 |
198.855 |
190.233 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
91.875 |
78.720 |
84.987 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
15.035 |
0.202 |
0.342 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
76.840 |
78.518 |
84.645 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
19.207 |
21.234 |
22.806 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
57.633 |
57.284 |
61.839 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
33.633 |
41.305 |
(2.991) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
24.000 |
15.979 |
64.830 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
18.900 |
16.511 |
7.989 |
|
|
|
Capital Goods |
0.000 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
18.900 |
16.511 |
7.989 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
|
|
|
|
|
-
Basic |
0.47 |
0.80 |
4.18 |
|
|
|
-
Diluted |
0.47 |
0.083 |
11.39 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
7.56
|
5.75
|
23.55 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.62
|
12.71
|
1756 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.08
|
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.20
|
0.12
|
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
15.44
|
5.27
|
4.17 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2011 |
31.03.2012 |
|
|
|
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
|
200.000 |
545.000 |
|
Reserves & Surplus |
|
476.011 |
500.012 |
|
Net worth |
|
676.011 |
1,045.012 |
|
|
|
|
|
|
long-term borrowings |
|
80.000 |
206.000 |
|
Short term borrowings |
|
0.000 |
0.000 |
|
Total borrowings |
|
80.000 |
206.000 |
|
Debt/Equity ratio |
|
0.118 |
0.197 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
275.220 |
277.575 |
317.333 |
|
|
|
0.856 |
14.323 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
275.220 |
277.575 |
317.333 |
|
Profit |
64.83 |
15.979 |
24 |
|
|
23.56% |
5.76% |
7.56% |
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 |
No |
|
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: NO CHARGES EXIST FOR COMPANY
|
Unsecured Loan |
As
on 31.03.2012 [Rs.
in Millions] |
As
on 31.03.2011 [Rs.
in Millions] |
|
Long Term
Borrowings |
|
|
|
Loans and advances from related parties |
206.000 |
80.000 |
|
TOTAL
|
206.000 |
80.000 |
CORPORATE INFORMATION:
Subject is in the business
of printing and publishing of newspaper in the State of Goa and generation of
wind energy in the State of Karnataka.
BUSINESS PERFORMANCE AND OUTLOOK:
NEWSPAPER DIVISION:
Though the circulation of
newspapers was steady with a marginal increase, the advertisement revenues
increased by more than 12%. Operations of the Company’s subsidiary in Indonesia
viz. Pt. Dempo Global resources were discontinued during the year as the sane
were not economically viable.
WIND ENERGY DIVISION:
The
Wind Energy Converter at Karnataka clocked a 19% increase in the units
generated during the year.
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 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.60.17 |
|
|
1 |
Rs.99.39 |
|
Euro |
1 |
Rs.83.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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 |
|
45 |
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.