MIRA
INFORM REPORT
|
Report Date : |
26.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
SUZLON GENERATORS LIMITED (w.e.f. 27.08.2008) |
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Formerly Known
As : |
SUZLON GENERATORS PRIVATE LIMITED |
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Registered
Office : |
Gate No. 339/3/1 and Plot No. A-20/1 Near Chakan Industrial Area,
Village Mahalunge, Taluka Khed, Pune – 410501, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
29.04.2004 |
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Com. Reg. No.: |
11-019205 |
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Capital
Investment / Paid-up Capital : |
Rs.762.800 Millions |
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|
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CIN No.: [Company Identification
No.] |
U31101PN2004PLC019205 |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNES09836B |
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PAN No.: [Permanent Account No.] |
AAICS2059Q |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturing of Electric Generators for Windmills. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a joint venture between Suzlon Energy Limited and Trasys
Asia Limited Hong Kong. It is an established company having moderate track record. The company has incurred some accumulated losses. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be slow but correct. In view strong support received from its joint venture entities, 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.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
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
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks over
coal supply contracts, uncertainty over cancellation of blocks weigh on stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs arm
that ensures that companies file all the information required by the Companies
Act is the latest manifestation of a messy fight between a father and his
adopted son for the control of Rs 40000 mn business empire. The Central Bureau
of Investigation arrested Manumeethi Cholan after he accepted Rs 10 lakhs as
bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
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
31-03-2014.
INFORMATION DENIED
Management Non Co-operative (91-20-67022000)
LOCATIONS
|
Registered Office/ Factory : |
Gate No. 339/3/1 and Plot No. A-20/1 Near Chakan Industrial Area,
Village Mahalunge, Taluka Khed, Pune – 410501, Maharashtra, India |
|
Tel. No.: |
91-2135-286193 |
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Fax No.: |
91-2135-286196 |
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E-Mail : |
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Location : |
Owned |
DIRECTORS
AS ON 20.08.2014
|
Name : |
Mr. Vinod Ranchhodbhai Tanti |
|
Designation : |
Director |
|
Address : |
A-901, Ssilver Woods, Mundhwa, Pune – 411036, Maharashtra, India |
|
Date of Birth/Age : |
29.06.1962 |
|
Date of Appointment : |
02.05.2007 |
|
DIN No.: |
00002266 |
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|
|
Name : |
Mr. Franz Hrachowitz |
|
Designation : |
Director |
|
Address : |
Obere Aquaduktgasse, House No. 14-16, 2nd Floor, Door No. 7, Vienna, 1235, Austria |
|
Date of Birth/Age : |
26.09.1948 |
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Date of Appointment : |
07.05.2004 |
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DIN No.: |
00795090 |
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Name : |
Mr. Ranjitsinh Abhaysinh Parmar |
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Designation : |
Director |
|
Address : |
Plot No. 27-A, Acacia-I, Magarpatta City, Hadapsar, Pune – 411028, Maharashtra, India |
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Date of Birth/Age : |
26.08.1955 |
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Date of Appointment : |
08.12.2008 |
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DIN No.: |
00002613 |
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Name : |
Mr. Vaidhyanathan Raghuraman |
|
Designation : |
Director |
|
Address : |
20, Kallol Apts, 35 IP Extension, Patparganj, Delhi – 110092, Delhi, India |
|
Date of Birth/Age : |
01.03.1943 |
|
Date of Appointment : |
01.08.2014 |
|
DIN No.: |
00411489 |
KEY EXECUTIVES
|
Name : |
Mr. Harshawardhan Shirish Chindhade |
|
Designation : |
Secretary |
|
Address : |
Flat No.7, Neelambari Apartments, Opposite Mehendale Garage, Erandawane,, Pune – 411004, Maharashtra, India |
|
Date of Birth/Age : |
24.03.1975 |
|
Date of Appointment : |
01.04.2012 |
|
PAN No.: |
AEYPC7999E |
MAJOR SHAREHOLDERS
AS ON 20.08.2014
|
Names of Equity Shareholders |
No. of Shares |
|
Suzlon Energy Limited |
46882434 |
|
Rambhaben Ukabhai |
100 |
|
Gita T. Tanti |
100 |
|
Sangita V. Tanti |
100 |
|
Lina J. Tanti |
100 |
|
Pranav T. Tanti |
100 |
|
Trasys Asia Limited |
15627612 |
|
|
|
|
Total |
62510546 |
|
Names of Preference Shareholders |
No. of Shares |
|
Suzlon Energy Limited |
10327817 |
|
Trasys Asia Limited |
3442605 |
|
|
|
|
Total |
13770422 |
Equity Share Break up (Percentage of Total Equity)
AS ON 20.08.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
25.00 |
|
Bodies corporate |
75.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Electric Generators for Windmills. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
Information declined by the management |
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Bankers : |
· Punjab National Bank, IBB Branch, Barakhamba Road, New Delhi – 110001, Delhi, India · Oriental Bank of Commerce, 917-20/20a, OBC Towers, F. C. Road, Pune – 411004, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institution : |
SBICAP Trustee Company Limited, Apeejay House, 6th Floor, West Wing, 3, Dinshaw Wachha Road, Churchgate, Mumbai – 400020, Maharashtra, India |
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Auditors : |
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Name : |
SNK and Company Chartered Accountants |
|
Address : |
SNK and Company, E-2-B, 4th Floor, The Fifth Avenue, Dhole Patil Road, Near Regency Hotel, Pune – 411001, Maharashtra, India |
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PAN No.: |
AAJFS8455L |
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Membership : |
-- |
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Holding company : |
· Suzlon Energy Limited |
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Joint venture : |
· Trasys Asia Limited |
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Fellow Subsidiary
company : |
· Suzlon Wind International Limited · SE Electricals Limited · Suzlon Gujarat Wind Park Limited · Suzlon Wind Energy Espana · Suzlon Wind Energy Corporation, USA · Suzlon Energia Eólica do Brasil Limited · SE Australia Pty. Limited · Suzlon Energy AS |
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Others : |
· Suzlon Generators Limited – Superannuation Fund · Suzlon Generators Limited – Employee Group Gratuity Scheme |
CAPITAL STRUCTURE
AS ON 20.08.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
65000000 |
Equity Shares |
Rs.10/- each |
Rs.650.000 Millions |
|
14500000 |
Preference Shares |
Rs.10/- each |
Rs.145.000 Millions |
|
|
|
|
|
|
|
Total |
|
Mr.795.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
62510546 |
Equity Shares |
Rs.10/- each |
Rs.625.105 Millions |
|
13770422 |
Preference Shares |
Rs.10/- each |
Rs.137.704 Millions |
|
|
|
|
|
|
|
Total |
|
Mr.762.809
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
762.800 |
762.800 |
762.800 |
|
(b) Reserves & Surplus |
(363.300) |
(366.300) |
(334.700) |
|
(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) |
399.500 |
396.500 |
428.100 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
182.000 |
187.600 |
123.200 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
13.100 |
10.600 |
8.700 |
|
Total Non-current Liabilities (3) |
195.100 |
198.200 |
131.900 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
251.800 |
224.000 |
337.700 |
|
(b) Trade payables |
169.500 |
152.400 |
264.300 |
|
(c) Other current
liabilities |
26.600 |
153.200 |
85.500 |
|
(d) Short-term provisions |
1.800 |
2.900 |
1.000 |
|
Total Current Liabilities (4) |
449.700 |
532.500 |
688.500 |
|
|
|
|
|
|
TOTAL |
1044.300 |
1127.200 |
1248.500 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
465.800 |
506.500 |
545.800 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.400 |
|
(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 |
3.600 |
3.500 |
26.600 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
20.000 |
|
Total Non-Current Assets |
469.400 |
510.000 |
592.800 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
165.500 |
221.600 |
332.400 |
|
(c) Trade receivables |
299.400 |
313.000 |
150.100 |
|
(d) Cash and cash
equivalents |
3.900 |
6.200 |
25.700 |
|
(e) Short-term loans and
advances |
45.800 |
11.500 |
36.900 |
|
(f) Other current assets |
60.300 |
64.900 |
110.600 |
|
Total Current Assets |
574.900 |
617.200 |
655.700 |
|
|
|
|
|
|
TOTAL |
1044.300 |
1127.200 |
1248.500 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
575.100 |
412.700 |
1238.000 |
|
|
|
Other Income |
0.800 |
1.600 |
5.800 |
|
|
|
TOTAL (A) |
575.900 |
414.300 |
1243.800 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
377.800 |
226.300 |
977.300 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
11.200 |
10.000 |
(20.400) |
|
|
|
Employee Benefits Expenses |
48.100 |
45.400 |
46.800 |
|
|
|
Other Expenses |
47.400 |
47.300 |
400.400 |
|
|
|
TOTAL (B) |
484.500 |
329.000 |
1404.100 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
91.400 |
85.300 |
(160.300) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
47.700 |
55.400 |
66.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
43.700 |
29.900 |
(226.700) |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
41.000 |
41.800 |
56.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
2.700 |
(11.900) |
(283.200) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.300) |
19.900 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
3.000 |
(31.800) |
(283.200) |
|
|
|
|
|
|
|
|
|
|
Earnings in Foreign
Currency on F.O.B. Exports |
97.900 |
7.300 |
0.700 |
|
|
|
|
|
|
|
|
|
|
Total Imports on
Raw Materials |
3.600 |
49.800 |
121.400 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(0.03) |
(0.60) |
(6.82) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
0.52 |
(7.71) |
(22.88) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
15.89 |
20.67 |
(12.95) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.26 |
(1.06) |
(22.69) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
(0.03) |
(0.66) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.09 |
1.04 |
1.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28 |
1.16 |
0.95 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
762.800 |
762.800 |
762.800 |
|
Reserves & Surplus |
(334.700) |
(366.300) |
(363.300) |
|
Net
worth |
428.100 |
396.500 |
399.500 |
|
|
|
|
|
|
long-term borrowings |
123.200 |
187.600 |
182.000 |
|
Short term borrowings |
337.700 |
224.000 |
251.800 |
|
Total
borrowings |
460.900 |
411.600 |
433.800 |
|
Debt/Equity
ratio |
1.077 |
1.038 |
1.086 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
1238.000 |
412.700 |
575.100 |
|
|
|
-66.664 |
39.351 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
1238.000 |
412.700 |
575.100 |
|
Profit |
(283.200) |
(31.800) |
3.000 |
|
|
(22.88%) |
(7.71%) |
0.52% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
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 |
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 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10506945 |
14/08/2014
* |
2,500,000,000.00 |
SBICAP
TRUSTEE COMPANY LIMITED |
202,
MAKER TOWER "E", CUFFE PARADE,, COLABA,, MUMBAI, MAHARASHTRA -
400005, INDIA |
C23536824 |
|
2 |
10482218 |
28/02/2014 |
900,000,000.00 |
IDBI
BANK LIMITED |
IDBI TOWER,
WTC COMPLEX,, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B98355860 |
|
3 |
10459175 |
28/10/2013
* |
35,634,641,700.00 |
SBICAP
TRUSTEE COMPANY LIMITED |
8,
KHETAN BHAVAN, 5TH FLOOR, 198, J.T.ROAD, CHURCHGATE, MUMBAI, MAHARASHTRA - 400020,
INDIA |
B89841977 |
|
4 |
10406457 |
31/12/2012 |
10,782,200,000.00 |
PUNJAB
NATIONAL BANK |
IBB
BRANCH, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
B68984228 |
|
5 |
10316024 |
14/10/2011 |
3,000,000,000.00 |
ORIENTAL
BANK OF COMMERCE |
917-20/20A,
OBC TOWERS,, F. C. ROAD, PUNE, MAHARASHTRA - 411004, INDIA |
B24682379 |
|
6 |
10207979 |
14/08/2014
* |
151,402,000,000.00 |
SBICAP
TRUSTEE COMPANY LIMITED |
202,
MAKER TOWER "E", CUFFE PARADE,, COLABA,, MUMBAI, MAHARASHTRA -
400005, INDIA |
C23505530 |
|
7 |
80005900 |
26/03/2007
* |
975,000,000.00 |
STATE
BANK OF INDIA |
SPECIALISED
COMMERCIAL BRANCH, GANDHIGRAM, NEPTUNE TOWER ANNEXE, ASHRAM ROAD,, AHMEDABAD,
GUJARAT - 380009, INDIA |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipments
·
Computer
·
Vehicles
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.61.92 |
|
|
1 |
Rs.97.12 |
|
Euro |
1 |
Rs.76.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
34 |
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.