MIRA
INFORM REPORT
|
Report Date : |
22.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
AMOD STAMPINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
At and PO Samiala, Padra Road, Baroda - 391410, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
03.04.1995 |
|
|
|
|
Com. Reg. No.: |
04-025300 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.23.900 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17119GJ1995PTC025300 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDA01263D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Transformers. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1339000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There seems some continuous dip in the turnover and profit of the
company. The company is also facing problem of debtor recovery. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be slow but correct. The company can be considered for business dealings with some
caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
B (Term Loan) |
|
Rating Explanation |
High risk of default. |
|
Date |
May 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
A4 ( Bill Discounting) |
|
Rating Explanation |
Minimal degree of safety. It carry very high
credit risk. |
|
Date |
May 2013 |
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. Pravin Patel |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9879345099 |
|
Date : |
21.05.2014 |
LOCATIONS
|
Registered Office : |
At and PO Samiala, Padra Road, Baroda - 391410, Gujarat, India |
|
Tel. No.: |
91-265-3923200/ 23923211 |
|
Mobile No.: |
91-9879345099 (Mr. Pravin Patel) |
|
Fax No.: |
91-265-3923226 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Opposite Pramukh Oxygen Company, Near Bhenslore Distllery, Daman-Kunta
Road, Daman – 396210, Gujarat, India |
|
|
|
|
Factory 2 : |
R.S. No. 9/3, Karasur Village, Vazdavur S.O., Behind L and T, Pondicherry
- 405502, India |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Krupeshbhai Narharbhai Patel |
|
Designation : |
Whole Time Director |
|
Address : |
15, Parishram Society, Subhanpura, Baroda-390007, |
|
Date of Birth/Age : |
17.10.1954 |
|
Date of Appointment : |
03.04.1995 |
|
DIN No.: |
00213143 |
|
|
|
|
Name : |
Mr. Navinbhai Natubhai Patel |
|
Designation : |
Whole Time Director |
|
Address : |
23, Rokadnath Society, |
|
Date of Birth/Age : |
23.06.1945 |
|
Date of Appointment : |
03.04.1995 |
|
DIN No.: |
00213094 |
|
|
|
|
Name : |
Mr. Niral Krupeshbhai Patel |
|
Designation : |
Director |
|
Address : |
15, Parishram Society, Subhanpura, Baroda-390007, |
|
Date of Birth/Age : |
12.02.1980 |
|
Date of Appointment : |
01.08.2008 |
|
DIN No.: |
00213356 |
|
|
|
|
Name : |
Mr. Tanmay Surendrabhai Patel |
|
Designation : |
Director |
|
Address : |
15, Parishram Society, Subhanpura, Baroda-390007, |
|
Date of Birth/Age : |
18.12.1976 |
|
Date of Appointment : |
01.08.2008 |
|
DIN No.: |
00213319 |
|
|
|
|
Name : |
Mr. Amish Krupeshbhai Patel |
|
Designation : |
Director |
|
Address : |
15, Parishram Society, Subhanpura, Baroda-390007, |
|
Date of Birth/Age : |
18.06.1982 |
|
Date of Appointment : |
01.08.2008 |
|
DIN No.: |
02234678 |
KEY EXECUTIVES
|
Name : |
Mr. Pravin Patel |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Krupeshbhai N Patel |
|
227050 |
|
Navibnbhai N Patel |
|
215100 |
|
Varshaben S Patel |
|
150000 |
|
Lalitaben N Patel |
|
215100 |
|
Smitaben K Patel |
|
227050 |
|
Sudhaben N Patel |
|
167300 |
|
Niral K Patel |
|
227050 |
|
Amish K Patel |
|
227050 |
|
Tanmay S Patel |
|
232400 |
|
Monali N Patel |
|
167300 |
|
Lipi D Patel |
|
167300 |
|
Niti N Patel |
|
167300 |
|
|
|
|
|
Total |
|
2390000 |
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 : |
Manufacturer and Exporter of Transformers. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
·
State Bank of India, Natubhai Circle Branch,
Natubhai Centre, Gotri Road, Vadodara-390007, Gujarat, India ·
State Bank of Saurasthra, Natubhai Center, Gotri
Road, Vadodara-390007, Gujarat, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
Notes: Bank Loans repayable on demand consists of a Working Capital loan of Rs.301.416 Millions (P.Y. Rs.304.830 Millions) which Is secured by hypothecation of Stocks of Raw material, WP, finished goods, Book debts, collateral secured by Immovable assets, Personal Guarantee of the Directors and corporate guarantee of Venus laminations Private Limited and Bank overdraft of Rs. 4.795 Millions (P.Y.74.355 Millions) which Is secured against Fixed Deposit With Banks. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K.C Mehta and Company Chartered Accountants |
|
Address : |
2nd Floor, Meghdhanush, Race Course, Vadodara-390007, |
|
Tel. No.: |
91-265-2341626/ 3086400 |
|
Fax No.: |
91-265-3086444/ 455/ 466 |
|
E-Mail : |
|
|
PAN No.: |
AABFK1558J |
|
|
|
|
Associates : |
·
Auro Stampings Private limited ·
Atlanta Electricals private Limited ·
Heritage infrastructure Private Limited ·
Alpha Engineering Company ·
Neptune Realty Private Limited ·
Neptune Intraspace Private Limited ·
Venus laminations private Limited ·
Transcore ·
Jupiter Electricals ·
Super Electricals ·
Amod Steel Processors ·
Neptune Erectors Private Limited ·
Atlanta UHV Transformers LLP (w.e.f. 2nd
December 2011) |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2390000 |
Equity Shares |
Rs.10/- each |
Rs.23.900
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 |
23.900 |
23.900 |
23.900 |
|
(b) Reserves & Surplus |
311.022 |
305.509 |
299.389 |
|
(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) |
334.922 |
329.409 |
323.289 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
10.658 |
183.237 |
229.147 |
|
(b) Deferred tax liabilities
(Net) |
6.679 |
7.462 |
3.289 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
17.337 |
190.699 |
232.436 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
533.488 |
623.998 |
559.242 |
|
(b) Trade payables |
106.886 |
100.615 |
118.648 |
|
(c) Other current liabilities |
73.454 |
101.068 |
150.436 |
|
(d) Short-term provisions |
0.203 |
10.633 |
5.743 |
|
Total
Current Liabilities (4) |
714.031 |
836.314 |
834.069 |
|
|
|
|
|
|
TOTAL |
1066.290 |
1356.422 |
1389.794 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
175.302 |
169.969 |
105.717 |
|
(ii) Intangible Assets |
0.345 |
0.439 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
13.530 |
31.468 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
22.601 |
23.919 |
13.066 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.926 |
1.844 |
4.219 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
200.174 |
209.701 |
154.470 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
192.404 |
215.968 |
125.376 |
|
(c) Trade receivables |
341.023 |
581.584 |
483.831 |
|
(d) Cash and cash equivalents |
62.294 |
126.458 |
176.525 |
|
(e) Short-term loans and
advances |
261.982 |
210.711 |
429.530 |
|
(f) Other current assets |
8.413 |
12.000 |
20.062 |
|
Total
Current Assets |
866.116 |
1146.721 |
1235.324 |
|
|
|
|
|
|
TOTAL |
1066.290 |
1356.422 |
1389.794 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operation |
531.733 |
855.512 |
886.613 |
|
|
|
Other Income |
86.256 |
47.344 |
49.553 |
|
|
|
TOTAL |
617.989 |
902.856 |
936.166 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
513.232 |
726.528 |
789.540 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
104.757 |
176.328 |
146.626 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES |
74.430 |
110.743 |
95.379 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
30.327 |
65.585 |
51.247 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
24.165 |
23.830 |
11.010 |
|
|
|
|
|
|
|
|
|
|
PRIOR PERIOD
ITEMS |
0.002 |
0.873 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
6.460 |
40.882 |
40.237 |
|
|
|
|
|
|
|
|
|
|
TAX |
0.948 |
29.207 |
13.616 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
5.512 |
11.675 |
26.621 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
208.359 |
189.958 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
|
|
|
2.665 |
|
|
|
Dividend |
|
|
4.780 |
|
|
|
Tax on Dividend |
|
|
0.775 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
208.359 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB |
0.000 |
18.056 |
0.000 |
|
|
|
Foreign Travelling expenses |
0.000 |
0.000 |
0.341 |
|
|
TOTAL EARNINGS |
0.000 |
18.056 |
0.341 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
292.179 |
435.760 |
451.719 |
|
|
|
Capital Goods |
0.181 |
37.218 |
0.000 |
|
|
TOTAL IMPORTS |
292.360 |
472.978 |
451.719 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.31 |
4.88 |
11.13 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.89 |
1.29 |
2.84 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.21 |
4.78 |
4.54 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.62 |
3.10 |
2.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.12 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.62 |
2.45 |
2.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.21 |
1.37 |
1.48 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
23.900 |
23.900 |
23.900 |
|
Reserves & Surplus |
299.389 |
305.509 |
311.022 |
|
Net
worth |
323.289 |
329.409 |
334.922 |
|
|
|
|
|
|
long-term borrowings |
229.147 |
183.237 |
10.658 |
|
Short term borrowings |
559.242 |
623.998 |
533.488 |
|
Total
borrowings |
788.389 |
807.235 |
544.146 |
|
Debt/Equity
ratio |
2.439 |
2.451 |
1.625 |
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) |
|
Revenue from Operation |
886.613 |
855.512 |
531.733 |
|
|
|
(3.508) |
(37.846) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Revenue from Operation |
886.613 |
855.512 |
531.733 |
|
Profit |
26.621 |
11.675 |
5.512 |
|
|
3.00% |
1.36% |
1.04% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT
(Rs. In Millions)
|
Particular |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current maturities of long-term debt |
63.920 |
83.506 |
135.425 |
|
|
|
|
|
|
Total |
63.920 |
83.506 |
135.425 |
|
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 |
Yes |
UNSECURED LOAN
(Rs. In Millions)
|
Particular |
As on 31.03.2013 |
As on 31.03.2012 |
|
LONG TERM
BORROWINGS |
|
|
|
Loan and Advance from related parties |
0.000 |
104.500 |
|
SHORT TERM
BORROWINGS |
|
|
|
Loan and advance from related parties |
227.277 |
229.921 |
|
Later corporation deposits |
0.000 |
14.893 |
|
|
|
|
|
Total |
227.277 |
349.314 |
PERFORMANCE
During the year, the company has achieved the sales / services of Rs.
610.985 Millions as against Rs. 965.370 Millions in the previous year. The
company has earned net profit of Rs. 5.512 Millions as against the Rs. 11.675
Millions of previous year. The director expects good results for the current
year.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10433882 |
21/06/2013 |
492,800,000.00 |
STATE BANK OF INDIA |
NATUBHAI CIRCLE BRANCH, NATUBHAI CENTRE, GOTRI ROAD, VADODARA, GUJARAT - 390007, INDIA |
B78302627 |
|
2 |
10127705 |
24/03/2011 * |
223,700,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B12046876 |
|
3 |
80023218 |
05/01/2010 * |
677,500,000.00 |
STATE BANK OF INDIA |
NATUBHAI CIRCLE BRANCH, NATUBHAI CENTRE, GOTRI ROAD, VADODARA, GUJARAT - 390007, INDIA |
A76892785 |
* Date of charge modification
FIXED ASSETS
· Land
· Building
· Plant and Machinery
· Dies and Tools
· Electrical Installation
· Factory Equipment
· Testing Equipment
· Office Equipment
· Furniture and Fixture
· Vehicles
· Computer
Intangible Assets
· Computer Software
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.58.77 |
|
|
1 |
Rs.99.02 |
|
Euro |
1 |
Rs.80.57 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--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 |
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 |
|
27 |
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.