MIRA INFORM REPORT
|
Report Date : |
07.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
TERUMO PENPOL LIMITED (w.e.f. 01.10.1999) |
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Formerly Known
As : |
PENINSULA POLYMERS LIMITED |
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Registered
Office : |
P.B No.6105, I-2, Jawahar Nagar,
Kowdiar PO, Trivandrum,
Thiruvananthapuram – 695 003,
Kerala |
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|
|
Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
29.01.1985 |
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Com. Reg. No.: |
09-004531 |
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|
Capital Investment
/ Paid-up Capital : |
Rs.69.208
millions |
|
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|
|
CIN No.: [Company Identification
No.] |
U33112KL1985PLC004531 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
TVDT00605D |
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PAN No.: [Permanent Account No.] |
AABCT2319K |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in the
business of manufacture and sale of blood bags and medical equipments, trading
of medical equipments and rendering of maintenance services. |
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|
No. of Employees
: |
Information declined by the Management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3677000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Overall financial position of the company is sound and healthy.
Company is operating on its owned funds. Trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitment. The company can be considered for business dealing 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 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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.: 91-471-3015500)
LOCATIONS
|
Registered Office/ Corporate Office : |
P.B No.6105, I-2, Jawahar Nagar,
Kowdiar PO, Trivandrum,
Thiruvananthapuram – 695 003,
Kerala, India |
|
Tel. No.: |
91-471-3015500/ 3015501/ 2724666/ 3015647/ 3015649/ 3015508/ 3052380 |
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Fax No.: |
91-471-2721519/ 3015511 |
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E-Mail : |
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Website : |
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Logistics Department/ Sales and Marketing – International : |
TC 9/1330 (15), Deviprabha, Kattachal Bhagavathy Lane,
Sasthamangalam PO, Thiruvananthapuram – 695 010, Kerala, India |
|
Tel. No.: |
91-471-3015606/ 3015609/ 3015601 |
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Fax No.: |
91-471-3015605/ 3015511 |
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E-Mail : |
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Factory 1 : |
Blood Bag: Puliyarakonam, Thiruvananthapuram – 695 573, Kerala, India |
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Tel. No.: |
91-471-3052022/ 2378165/ 2378738 |
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Fax No.: |
91-471-3052030/ 2379931 |
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Factory 2/ Service
Department : |
Medical Equipment: TC 27/373, Andoor Buildings, General Hospital Road, Thiruvananthapuram
– 695 035, Kerala, India |
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Tel. No.: |
91-471-3015800/ 3015807/ 2302441/ 2302454/ 3015608 |
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Fax No.: |
91-471-3015805 |
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E-Mail : |
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Central Marketing and Sales Office : |
Gandhi Court, Old No.28/3, New No.71, Ground
Floor, 4th Main Road, Gandhinagar, Adayar, Chennai – 600 020, Tamilnadu,
India |
|
Tel. No.: |
91-44-42054528/
42054528/ 38 |
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Fax No.: |
91-44-42054528 |
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E-Mail : |
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Sales Office : |
Located at: ·
Mumbai ·
Delhi ·
Ahmedabad ·
Kolkata |
DIRECTORS
AS ON 21.06.2013
|
Name : |
Mr. Yoshihiro Kimura |
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Designation : |
Managing Director |
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Address : |
Flat No.8C, Skyline Richmond Apartments, Pipinmoodu Road, Trivandrum –
695 010, Kerala, India |
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Date of Birth/Age : |
29.06.1955 |
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Qualification : |
Industrial Engineer |
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Date of Appointment : |
01.04.2013 |
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DIN No.: |
03475205 |
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PAN No.: |
AGLPY4052F |
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Other Directorship:
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Name : |
Mr. Padmakumar Chandrasekhar |
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Designation : |
Whole-Time Director |
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Address : |
House No.17, |
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Date of Birth/Age : |
18.07.1961 |
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Qualification : |
MBA (Marketing) |
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Date of Appointment : |
01.04.2011 |
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DIN No.: |
00435251 |
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PAN No.: |
ABWPC3965B |
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Other Directorship:
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Name : |
Mr. Hiroshi Nagumo |
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Designation : |
Director |
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Address : |
3-5-27-1052, Mukodai Nishi, Tokyo |
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Date of Birth/Age : |
26.07.1962 |
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Date of Appointment : |
01.08.2011 |
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DIN No.: |
03628306 |
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Name : |
Mr. Craig Allen Rinehardt |
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Designation : |
Director |
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Address : |
2627, Keystone Drive, Evergreen, Colorado, USA |
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Date of Birth/Age : |
21.01.1964 |
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Date of Appointment : |
21.06.2013 |
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DIN No.: |
06579145 |
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E-Mail : |
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Other Directorship:
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Name : |
Mr. Fredrik Olof Dalborg |
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Designation : |
Director |
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Address : |
Robert
Schuitenlaan 35, 3080 Vossem, Tervuren, Belgium |
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Date of Birth/Age : |
05.05.1972 |
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Date of Appointment : |
21.06.2013 |
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DIN No.: |
06579153 |
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E-Mail : |
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Other Directorship:
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Name : |
Mr. Russell Bevier Spinney |
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Designation : |
Director |
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Address : |
55, Golden Eagle Lane, Littleton, USA |
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Date of Birth/Age : |
09.06.1966 |
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Date of Appointment : |
21.06.2013 |
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DIN No.: |
06579155 |
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E-Mail : |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Nelby Mol Nelson |
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Designation : |
Company Secretary |
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Address : |
Ezhuthuvila, Sreenagar 123, Kavanadu PO, Kollam – 691 003, Kerala,
India |
|
Date of Birth/Age : |
29.05.1981 |
|
Date of Appointment : |
04.07.2011 |
|
PAN No.: |
AMPYN9740N |
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|
|
|
Name : |
Mr. Asokan K.R |
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Designation : |
National Service Manager |
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|
Name : |
Mr. Subash Baiju |
|
Designation : |
Senior Service
Coordinator |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 21.06.2013
|
Names of Shareholders |
|
No. of Shares |
|
Terumo Mauritius Holdings Limited, Mauritius |
|
5120796 |
|
Mamoru Sekiguchi |
|
1 |
|
Kyo Nishikawa |
|
1 |
|
Ryou Nishihata |
|
1 |
|
C. Balagopal |
|
1350000 |
|
C. Padmakumar |
|
450000 |
|
Kenji Sekine |
|
1 |
|
Total
|
|
6920800 |
AS ON 21.06.2013
|
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] |
|
74.00 |
|
Directors
or relatives of directors |
|
26.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the
business of manufacture and sale of blood bags and medical equipments, trading
of medical equipments and rendering of maintenance services. |
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||||
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Products : |
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GENERAL INFORMATION
|
No. of Employees : |
Information declined by the Management. |
|
|
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Bankers : |
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Facilities : |
-- |
|
|
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Banking
Relations : |
-- |
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|
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Auditors : |
|
|
Name : |
BSR and Associates Chartered Accountants |
|
Address : |
Thiruvananthapuram, Kerala,
India |
|
PAN No.: |
AAIFB7355D |
|
|
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Ultimate Holding Company: |
Terumo Corporation, Japan
|
|
|
|
|
Holding Company : |
Terumo
Mauritius Holding Limited |
|
|
|
|
Fellow Subsidiary Companies: |
|
CAPITAL STRUCTURE
AS ON 21.06.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
14000000 |
Equity Shares |
Rs.10/- each |
Rs.140.000 millions |
|
6000000 |
Preference Shares |
Rs.10/- each |
Rs.60.000 millions |
|
|
Total
|
|
Rs.200.000
millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6920800 |
Equity Shares |
Rs.10/- each
|
Rs.69.208
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 |
69.208 |
69.208 |
69.208 |
|
(b) Reserves & Surplus |
849.974 |
697.789 |
569.597 |
|
(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) |
919.182 |
766.997 |
638.805 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
109.377 |
225.690 |
|
(b) Deferred tax liabilities (Net) |
38.442 |
35.572 |
34.610 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term provisions |
14.876 |
16.386 |
19.010 |
|
Total
Non-current Liabilities (3) |
53.318 |
161.335 |
279.310 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
236.396 |
195.069 |
114.641 |
|
(c)
Other current liabilities |
228.817 |
219.868 |
185.458 |
|
(d)
Short-term provisions |
6.953 |
2.029 |
3.000 |
|
Total
Current Liabilities (4) |
472.166 |
416.966 |
303.099 |
|
|
|
|
|
|
TOTAL |
1444.666 |
1345.298 |
1221.214 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
520.839 |
565.632 |
601.679 |
|
(ii)
Intangible Assets |
8.144 |
0.529 |
1.636 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
4.208 |
|
(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 |
12.223 |
21.137 |
25.471 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
541.206 |
587.298 |
632.994 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
361.934 |
344.688 |
218.841 |
|
(c)
Trade receivables |
418.860 |
280.496 |
186.353 |
|
(d)
Cash and cash equivalents |
43.299 |
52.594 |
128.731 |
|
(e)
Short-term loans and advances |
78.794 |
78.855 |
53.867 |
|
(f)
Other current assets |
0.573 |
1.367 |
0.428 |
|
Total
Current Assets |
903.460 |
758.000 |
588.220 |
|
|
|
|
|
|
TOTAL |
1444.666 |
1345.298 |
1221.214 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
1804.983 |
1280.622 |
1116.861 |
|
|
|
Other Income |
4.755 |
12.280 |
1.720 |
|
|
|
TOTAL (A) |
1809.738 |
1292.902 |
1118.581 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials
consumed |
655.214 |
509.939 |
401.498 |
|
|
|
Purchases of
stock-in-trade |
193.201 |
111.133 |
68.543 |
|
|
|
Changes in inventories of finished goods,
work-in-progress and stock-in-trade |
8.895 |
(105.004) |
(42.025) |
|
|
|
Employee benefit expense |
218.398 |
183.628 |
183.642 |
|
|
|
Other expenses |
423.750 |
299.658 |
257.321 |
|
|
|
TOTAL (B) |
1499.458 |
999.354 |
868.979 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
310.280 |
293.548 |
249.602 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
4.746 |
34.559 |
7.529 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
305.534 |
258.989 |
242.073 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
72.718 |
69.212 |
49.809 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
232.816 |
189.777 |
192.264 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
80.631 |
61.585 |
63.362 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
152.185 |
128.192 |
128.902 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB
value of export of goods |
887.493 |
614.330 |
577.219 |
|
|
TOTAL EARNINGS |
887.493 |
614.330 |
577.219 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw
materials, packing materials and components |
432.699 |
308.596 |
225.515 |
|
|
|
Traded
goods |
200.824 |
109.547 |
63.176 |
|
|
|
Capital Goods |
7.970 |
5.945 |
4.006 |
|
|
TOTAL IMPORTS |
641.493 |
424.088 |
292.697 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
21.99 |
18.52 |
18.63 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
8.41
|
9.92 |
11.52 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
12.90
|
14.82 |
17.21 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.12
|
14.11 |
15.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25
|
0.25 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.14 |
0.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.91
|
1.82 |
1.94 |
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 |
69.208 |
69.208 |
69.208 |
|
Reserves & Surplus |
569.597 |
697.789 |
849.974 |
|
Net worth |
638.805 |
766.997 |
919.182 |
|
|
|
|
|
|
Long-term borrowings |
225.690 |
109.377 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
225.690 |
109.377 |
0.000 |
|
Debt/Equity ratio |
0.353 |
0.143 |
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) |
|
Revenue from Operations |
1116.861 |
1280.622 |
1804.983 |
|
|
|
14.663 |
40.946 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from Operations |
1116.861 |
1280.622 |
1804.983 |
|
Profit |
128.902 |
128.192 |
152.185 |
|
|
11.54% |
10.01% |
8.43% |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
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 |
Yes |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
No |
|
Unsecured Loans |
31.03.2013 (Rs. in Millions) |
31.03.2012 (Rs. in Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Unsecured
term loans from related parties [The foreign currency
term loan taken from Terumo Corporation, Japan during the financial year
2008-2009 and carries an interest of LIBOR plus margin (50 basis point). The
amount repayable in half yearly instalments commencing from 29 June 2012.] |
0.000 |
109.377 |
|
Total |
0.000 |
109.377 |
Notes:
· The situation of the registered office of the company was changed from Sreepoornamt C No. IX/1323, Sasthamangalam, Trivandrum – 695 010, Kerala to the present address w.e.f. 19.01.2009.
· No Charges Exist for Company.
OPERATIONS
a. Blood Bags:
During
the year, Blood Bag production increased by 21 % as compared to the previous
year.
b. Medical Equipments:
Sales
of the equipment increased by 18 % as compared to the previous year.
DOMESTIC SALES:
SALES in the domestic
market showed good growth increasing to INR 840.830 millions against INR
616.110 millions in the previous year showing a growth of 36%. The performance
of Blood Bags and ME products was good. Company made a good start in the BCT
business segment registering a sale of INR 104.000 millions.
EXPORTS:
Exports increased to INR
913.440 millions against INR 614.330 millions in the previous year inclusive of
the forex gains; an increase of 49% as compared to the previous year.
AWARDS AND RECOGNITIONS:
The company received First
Prize for Best Stall from Indian Society of Blood Transfusion and
Immunohematology (ISBTI) at the annual conference of ISBTI. TPL won the Third
prize in the ‘very large factories employing more than 500 people’ category for
the year 2012 from the Department of Factories and Boiler, Government of
Kerala. SGS recommended TPL-BBF for ISO 14001 and OHSAS 18001 certification.
FIXED ASSETS:
Tangible Assets
·
Freehold
Land
·
Buildings
·
Plant
and Equipment
·
Furniture
and Fixtures
·
Vehicles
·
Office
Equipments
·
Computers
Intangible Assets
·
Computer
Software
·
Technical
Knowhow
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.20 |
|
UK Pound |
1 |
Rs.101.67 |
|
Euro |
1 |
Rs.83.55 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
49 |
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.