MIRA
INFORM REPORT
|
Report Date : |
01.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
BEIERSDORF ( |
|
|
|
|
Formerly Known
As : |
BEIERSDORF (INDIA) LIMITED (w.e.f. 01.02.1990) LEUKOPLAST ( LEUKOPLAST ( |
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Registered
Office : |
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Country : |
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|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
01.12.1965 |
|
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Com. Reg. No.: |
24-000055 |
|
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Capital
Investment / Paid-up Capital : |
Rs.5.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24236GA1965PTC000055 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRB02799G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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|
Line of Business
: |
The Company is
primarily engaged in the business of manufacturing and marketing of first aid
dressing and surgical dressings. |
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|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an old and well-established having fine track record. Financial position of the company appears to be fair. Over all
fundamentals of the company appears to be strong and healthy. Directors are reported to be experienced and respectable businessmen. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good for normal business dealings 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.
INDIAN ECONOMIC OVERVIEW
N E W S
As per the latest IMF study, the total weigh of emerging markets in the GDP
of the world on a purchasing power parity basis has seen a sizeable shift. It
highlights how as against 51 % in 2005, the emerging economies now account for
close to 56 % of the global purchasing power GDP as per the latest survey. And
with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets
including equities, gold, fixed deposits, G-Secs and real estate since 1991.
Real estate outperformed every other asset classes during the 23-year period
with an annualized return of 20 % ! Equities came in second with annualized
return of 15.5 % ! However, while these returns may seem mouthwatering, the
fact is that the return from equities adjusted for inflation came down to just
7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
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
MANAGEMENT NON CO-OPERATIVE (91-832-2330688)
LOCATIONS
|
Registered Office : |
CMM Building, Rua De Ourem, Panjim – 403001, Goa, India |
|
Tel. No.: |
91-832-2330688 / 2332034 |
|
Fax No.: |
91-832-2330651 |
|
E-Mail : |
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|
|
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Marketing / Administration Office : |
501-502, Sej Plaza, 5th Floor, Near Nutan High Sahool,
Marve Road, Malad |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Dean Wilfred Menezes |
|
Designation : |
Director |
|
Address : |
House No.553/13, Plot No.25-26, Palmar Colony, alto-Santacruza,
Panji-403202, Goa, India |
|
Date of Birth/Age : |
07.06.1965 |
|
Date of Appointment : |
11.07.1998 |
|
DIN No.: |
00013634 |
|
|
|
|
Name : |
Mr. Ramesh Sitaram Ghodge |
|
Designation : |
Managing Director |
|
Address : |
N Alanda Housing Complex, Aquem PO, Navelim, Margao-403707, Goa, India
|
|
Date of Birth/Age : |
17.03.1957 |
|
Date of Appointment : |
24.10.2001 |
|
DIN No.: |
00134266 |
|
|
|
|
Name : |
Mr. Minoo Hormusji Mody |
|
Designation : |
Director |
|
Address : |
H No.8, Icasa Grande Little Gibbs Road, Hanging Gardens,
Mumbai-400006, Maharashtra, India |
|
Date of Birth/Age : |
11.06.1932 |
|
Date of Appointment : |
18.09.1989 |
|
DIN No.: |
00332104 |
|
|
|
|
Name : |
Mr. Wolfgang Haak |
|
Designation : |
Director |
|
Address : |
CMM Building, Rua De Ourem, Panji-403001, Goa, India |
|
Date of Birth/Age : |
15.11.1958 |
|
Date of Appointment : |
23.03.2005 |
|
DIN No.: |
01039891 |
|
|
|
|
Name : |
Mr. Melanie Schrewe |
|
Designation : |
Additional Director |
|
Address : |
CMM Building, Rua De Ourem, Panji-403001, Goa, India |
|
Date of Birth/Age : |
11.09.1967 |
|
Date of Appointment : |
30.11.2006 |
|
DIN No.: |
01128592 |
|
|
|
|
Name : |
Mr. Dale Maxie De Lopes Menezes |
|
Designation : |
Director |
|
Address : |
House No.46, Altinho, Panaji-403001, Goa, India |
|
Date of Birth/Age : |
15.03.1972 |
|
Date of Appointment : |
15.06.2005 |
|
DIN No.: |
01822214 |
|
|
|
|
Name : |
Mr. Stefan Norbert De Loecker |
|
Designation : |
Director |
|
Address : |
CMM Building, Rua De Ourem, Panji-403001, Goa, India |
|
Date of Birth/Age : |
06.06.1967 |
|
Date of Appointment : |
07.08.2012 |
|
DIN No.: |
06384264 |
KEY EXECUTIVES
|
Name : |
Mr. Ramesh Sitaram Ghodge |
|
Designation : |
Company Secretary |
|
Address : |
N Alanda Housing Complex, Aquem PO, Navelim, Margao-403707, Goa, India
|
|
Date of Birth/Age : |
17.03.1957 |
|
Date of Appointment : |
28.05.1993 |
|
PAN No.: |
ACKPG0030E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
%age |
|
Menezes David Celilia |
250 |
0.50 |
|
Menezes Wilfred Deana |
6025 |
12.05 |
|
Menezes Dean Supriyaa |
50 |
0.10 |
|
Menezes Leo David |
6075 |
12.15 |
|
Menezes E Daniel |
6075 |
12.15 |
|
Menezes Dale |
6025 |
12.05 |
|
Beiersdorf – AG, Germany |
25500 |
51.00 |
|
|
|
|
|
Total |
50000 |
100.00 |
%20PAIVATE%20LIMITED%20-%20283907_%20MIRA%2001-Sep-2014_files/image002.gif)
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
51.00 |
|
Directors or relatives of Directors |
49.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is
primarily engaged in the business of manufacturing and marketing of first aid
dressing and surgical dressings. |
PRODUCTION STATUS AS ON (31.03.2013)
|
Particulars |
Unit |
Licensed Capacity |
Installed Capacity |
Actual Production |
|
Pharmaceutical Products |
Numbers |
NA |
NA |
7958043 |
|
Chemicals – Plastic and Polymers (Behasol Mas) |
Numbers |
NA |
NA |
16448 |
|
Misscellaneous Chemicals Products |
Numbers |
NA |
NA |
1370 |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management |
|
|
|
|
Bankers : |
Canara Bank, Mittal Tower, C Wing, Nariman Point, Mumbai-400021,
Maharashtra, India |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. V. Ghatalia and Associates Chartered Accountant |
|
Address : |
14th Floor, The Ruby, 29 Senapati Bapat Marg, Dadar (West),
Mumbai-400028, Maharashtra, India |
|
Tel. No. : |
91-22-61970000 |
|
Fax No. : |
91-22-61971000 |
|
PAN
No. : |
AACFS6921Q |
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|
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|
Holding Company : |
Beiersdorf AG |
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|
Enterprises with same managing director: |
BSN Medical Private Limited |
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|
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|
Enterprises owned or significantly influenced by group
of individuals or their relatives who have control or significant influence
over the Company : |
Cosmo Matias
Menezes Private Limited (CMM) |
|
|
|
|
Fellow Subsidiary : |
Belersdorf
Shared Services Gmbh |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 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 |
5.000 |
5.000 |
5.000 |
|
(b) Reserves & Surplus |
245.500 |
201.635 |
164.560 |
|
(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) |
250.500 |
206.635 |
169.560 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
13.030 |
16.316 |
16.845 |
|
(d) long-term provisions |
3.636 |
2.952 |
11.774 |
|
Total Non-current Liabilities (3) |
16.666 |
19.268 |
28.619 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
67.730 |
72.425 |
62.022 |
|
(c) Other current
liabilities |
24.871 |
20.839 |
17.674 |
|
(d) Short-term provisions |
64.965 |
84.607 |
68.654 |
|
Total Current Liabilities (4) |
157.566 |
177.871 |
148.350 |
|
|
|
|
|
|
TOTAL |
424.732 |
403.774 |
346.529 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
71.846 |
68.967 |
64.393 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.668 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.010 |
0.010 |
0.010 |
|
(c) Deferred tax assets (net) |
2.213 |
1.334 |
0.737 |
|
(d) Long-term Loan and Advances |
17.746 |
5.417 |
5.736 |
|
(e) Other Non-current assets |
14.651 |
8.623 |
3.454 |
|
Total Non-Current Assets |
107.134 |
84.351 |
74.330 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
98.428 |
89.086 |
83.908 |
|
(b) Inventories |
90.707 |
108.484 |
75.893 |
|
(c) Trade receivables |
85.681 |
77.945 |
56.385 |
|
(d) Cash and cash
equivalents |
30.594 |
31.325 |
47.081 |
|
(e) Short-term loans
and advances |
11.669 |
12.318 |
7.444 |
|
(f) Other current
assets |
0.519 |
0.265 |
1.488 |
|
Total Current Assets |
317.598 |
319.423 |
272.199 |
|
|
|
|
|
|
TOTAL |
424.732 |
403.774 |
346.529 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
740.621 |
737.156 |
617.095 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
600.239 |
581.696 |
491.535 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
140.382 |
155.460 |
125.560 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
43.870 |
49.109 |
40.188 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
96.512 |
106.351 |
85.372 |
|
|
|
|
|
|
|
|
|
Add |
EXCESS (SHORT)
PROVISION FOR PRIOR YEARS |
0.000 |
0.458 |
0.426 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
96.203 |
69.287 |
50.740 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
9.700 |
10.700 |
8.600 |
|
|
|
Dividend |
45.000 |
60.000 |
50.000 |
|
|
|
Tax on Dividend |
7.648 |
9.733 |
8.111 |
|
|
BALANCE CARRIED
TO THE B/S |
130.367 |
96.203 |
69.827 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of FOB Value |
3.445 |
4.270 |
2.059 |
|
|
TOTAL EARNINGS |
3.445 |
4.270 |
2.059 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
58.886 |
59.023 |
39.149 |
|
|
|
Components |
2.886 |
1.948 |
1.540 |
|
|
TOTAL IMPORTS |
61.772 |
60.971 |
40.689 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
1930.00 |
2136.00 |
1716.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
33.28
|
38.63 |
36.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.56
|
0.75 |
0.74 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.15
|
1.79 |
1.83 |
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 |
5.000 |
5.000 |
5.000 |
|
Reserves & Surplus |
164.560 |
201.635 |
245.500 |
|
Net worth |
169.560 |
206.635 |
250.500 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
%20PAIVATE%20LIMITED%20-%20283907_%20MIRA%2001-Sep-2014_files/image004.gif)
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) |
|
Sales |
617.095 |
737.156 |
740.621 |
|
|
|
19.456 |
0.470 |
%20PAIVATE%20LIMITED%20-%20283907_%20MIRA%2001-Sep-2014_files/image006.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
617.095 |
737.156 |
740.621 |
|
Profit |
85.372 |
106.351 |
96.512 |
|
|
13.83% |
14.43% |
13.03% |
%20PAIVATE%20LIMITED%20-%20283907_%20MIRA%2001-Sep-2014_files/image008.gif)
LOCAL AGENCY FURTHER INFORMATION
NOTE: Current
Maturities of Long Term Debts is 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 |
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 CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90076035 |
28/09/1992 * |
6,960,000.00 |
CANARA BANK |
PANJIM, GOA, Goa, INDIA |
- |
|
2 |
90076009 |
28/09/1992 * |
2,800,000.00 |
CANARA BANK |
PANJIM, GOA, Goa, INDIA |
- |
|
3 |
90076618 |
24/01/1997 * |
1,500,000.00 |
CANARA BANK |
MITTAL TOWER C WING MARIMAN POINT, MUMBAI, Maharashtra - 400002, INDIA
|
- |
|
4 |
90075889 |
12/09/1979 |
4,500,000.00 |
CANARA BANK |
PANAJI, GOA, Goa, INDIA |
- |
|
5 |
90075859 |
22/10/2003 * |
1,500,000.00 |
CANARA BANK |
NARIMAN POINT BR MITTAL TOWER C NARIMAN POINT, MUMBAI, Maharashtra,
INDIA |
- |
|
6 |
90076960 |
25/07/1989 * |
1,500,000.00 |
CANARA BANK |
PANJIM, GOA, Goa, INDIA |
- |
|
7 |
90075850 |
23/11/1970 |
650,000.00 |
CANARA BANK |
PANJIM, GOA, Goa, INDIA |
- |
* Date of charge modification
OUTLOOK
The business still
faces stiff competition on price front from small manufacturers. The price and
not quality seems to be on the mind of consumers for our category of products. The
Company has taken various steps to promote the products.
CORPORATE INFORMATION
Company was
incorporated in 1965 as "Leukoplast India Private Limited". The
Company is primarily engaged in the business of manufacturing and marketing of
first aid dressing and surgical dressings.
FIXED ASSETS
œ
Land
œ
Building
œ
Plant and Machinery
œ
Air Conditioner
œ
Diesel Generating Set
œ
R and D Equipment
œ
Furniture and Fixtures
and Equipment
œ
Data Processing Machines
œ
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 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.60.47 |
|
|
1 |
Rs.100.35 |
|
Euro |
1 |
Rs.79.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
54 |
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.