MIRA
INFORM REPORT
|
Report Date : |
06.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
PALL INDIA PRIVATE LIMITED |
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Formerly Known As : |
Pall pharmalab filtration private limited |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
06.06.1996 |
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Com. Reg. No.: |
11-100046 |
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Capital
Investment / Paid-up Capital : |
Rs.24.075 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U33110MH1996PTC100046 |
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|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMP09069E |
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PAN No.: [Permanent
Account No.] |
AAACP5960H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Importer of Filtration, Separations and Purification,
Technologies that are used in Industry. |
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|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3590000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Company has incurred loss from its operation in the year 2013.
However, networth of the company is strong. Company also receives technological
support from its parent company i.e. Pall Corporation, USA. Trade relations are reported to be fair. Business is active. Payments
are reported to be slow but correct. The company can be considered for 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.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
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
31-03-2014.
LOCATIONS
|
Registered Office : |
|
|
Tel. No.: |
91-22-67995555 |
|
Fax No.: |
91-22-67995556 |
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E-Mail : |
sujith_embrandiri@pall.com praveen_ostwal@pall.com |
|
Website : |
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Warehouse : |
Arihant Commercial Complex, Building No. 13, Gala No. 1-2, Bhiwandi,
Maharashtra, India |
|
Tel. No.: |
91-95-2522272537 |
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Branch Office 1 : |
No. 1, |
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Tel. No.: |
91-80-40164100 |
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Fax No.: |
91-80-41489454 |
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Branch Office 2 : |
Survey No. 237, IT Park Phase1, Hinjwadi, Pune-411057, |
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Tel. No.: |
91-20-66520001 |
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Fax No.: |
91-20-22934970 |
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Sales Office : |
Located At: ·
Chennai ·
Hyderabad ·
Kolkata ·
Delhi |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Naresh Narasimhan Guruguntala |
|
Designation : |
Managing Director |
|
Address : |
A-5, Shreeraj Apartments, Near Paldi Post Office, Fatehpura Paldi,
Ahmedabad – 380007, Gujarat, India |
|
Date of Birth/Age : |
01.02.1973 |
|
Date of Appointment : |
30.05.2011 |
|
Din No.: |
03395506 |
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|
|
|
Name : |
Mr. Eric Jean Marie Georges Gamier |
|
Designation : |
Director |
|
Address : |
Orchid bel Air, 13-03 245 Orchid Building, |
|
Date of Birth/Age : |
30.03.1961 |
|
Date of Appointment : |
30.05.2011 |
|
Din No.: |
03523814 |
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|
|
|
Name : |
Natalie Anne Coombs |
|
Designation : |
Director |
|
Address : |
45 Arcadia Rd, Glebe, New South Wales – 2037, Australia |
|
Date of Birth/Age : |
23.01.1964 |
|
Date of Appointment : |
01.03.2012 |
|
Din No.: |
05183060 |
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|
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|
Name : |
Roger Elmer Wolf |
|
Designation : |
Director |
|
Address : |
21 Fort Road, # 05-01, Singapore – 439089 |
|
Date of Birth/Age : |
06.06.1951 |
|
Date of Appointment : |
14.01.2013 |
|
Din No.: |
06528467 |
KEY EXECUTIVES
|
Name : |
Mr. Mahesh Patil |
|
Designation : |
H. R. Manger |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Pall Corporation INC, |
2401000 |
99.73 |
|
Pall Filtration and Separation Group INC,USA |
6500 |
0.27 |
|
|
|
|
|
TOTAL
|
2407500 |
100.00 |
AS ON 30.09.2013
|
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] |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Filtration, Separations and Purification, Technologies
that are used in Industry. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
BSR and Company Chartered Accountant |
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Address : |
KPMG House, Kamla Mills Compound, 448, Senapati Bapat Marg, Lower Parel,
Mumbai-400013, Maharashtra, India |
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Tel. No.: |
91-22-39896000 |
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Fax No.: |
91-22-39836000 |
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PAN No: |
AAAFB1288K |
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Holding Company: |
Pall Corporation Inc, |
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Fellow Subsidiary : |
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CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs.70.000 Millions |
|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2407500 |
Equity Shares |
Rs.10/- each
|
Rs.24.075
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 |
24.075 |
24.075 |
24.075 |
|
(b) Reserves & Surplus |
869.209 |
868.425 |
800.473 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
4.950 |
4.950 |
4.950 |
|
Total
Shareholders’ Funds (1) + (2) |
898.234 |
897.450 |
829.498 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.210 |
1.210 |
1.210 |
|
(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 |
22.072 |
27.402 |
22.947 |
|
Total
Non-current Liabilities (3) |
23.282 |
28.612 |
24.157 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
460.242 |
444.055 |
378.704 |
|
(c) Other current liabilities |
202.392 |
187.529 |
177.320 |
|
(d) Short-term provisions |
16.112 |
13.219 |
5.992 |
|
Total
Current Liabilities (4) |
678.746 |
644.803 |
562.016 |
|
|
|
|
|
|
TOTAL |
1600.262 |
1570.865 |
1415.671 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
140.818 |
132.199 |
135.880 |
|
(ii) Intangible Assets |
2.701 |
5.002 |
2.928 |
|
(iii) Capital work-in-progress |
0.000 |
4.915 |
0.000 |
|
(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) |
63.803 |
51.293 |
50.031 |
|
(d) Long-term Loan and Advances |
130.094 |
142.169 |
123.459 |
|
(e) Other Non-current assets |
0.000 |
74.965 |
0.000 |
|
Total
Non-Current Assets |
337.416 |
410.543 |
312.298 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
176.645 |
115.762 |
88.738 |
|
(b) Inventories |
374.009 |
331.327 |
324.473 |
|
(c) Trade receivables |
366.367 |
286.686 |
263.559 |
|
(d) Cash and cash equivalents |
202.370 |
170.104 |
307.281 |
|
(e) Short-term loans and
advances |
108.301 |
134.081 |
98.987 |
|
(f) Other current assets |
35.154 |
122.362 |
20.335 |
|
Total
Current Assets |
1262.846 |
1160.322 |
1103.373 |
|
|
|
|
|
|
TOTAL |
1600.262 |
1570.865 |
1415.671 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
2317.550 |
1984.653 |
1793.190 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
2276.165 |
1810.180 |
1576.015 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
41.385 |
174.473 |
217.175 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
41.385 |
174.473 |
217.175 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
30.519 |
34.935 |
36.557 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
10.866 |
139.538 |
180.618 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
11.490 |
74.913 |
61.525 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(0.624) |
64.625 |
119.093 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
703.724 |
639.099 |
582.183 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
11.909 |
|
|
|
Interim Dividend Paid |
0.000 |
0.000 |
43.335 |
|
|
|
Tax on Interim Dividend |
0.000 |
0.000 |
6.933 |
|
|
BALANCE CARRIED
TO THE B/S |
703.100 |
703.724 |
639.099 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
321.691 |
166.801 |
308.810 |
|
|
|
Export of Services |
97.912 |
52.667 |
43.747 |
|
|
|
Other Earnings |
1.027 |
56.150 |
64.815 |
|
|
TOTAL EARNINGS |
420.630 |
275.618 |
417.372 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
254.538 |
245.663 |
252.890 |
|
|
|
Finished Goods |
1157.112 |
860.908 |
575.443 |
|
|
|
Capital Goods |
11.989 |
9.447 |
5.942 |
|
|
|
Consumable |
0.000 |
0.000 |
1.668 |
|
|
TOTAL IMPORTS |
1423.639 |
1116.018 |
835.943 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(0.26) |
26.84 |
49.47 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(0.03) |
3.26 |
6.64 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.71 |
9.21 |
13.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
0.16 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.86 |
1.80 |
1.96 |
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 |
24.075 |
24.075 |
24.075 |
|
Reserves & Surplus |
800.473 |
868.425 |
869.209 |
|
Share Application money
pending allotment |
4.950 |
4.950 |
4.950 |
|
Net
worth |
829.498 |
897.450 |
898.234 |
|
|
|
|
|
|
long-term borrowings |
1.210 |
1.210 |
1.210 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
1.210 |
1.210 |
1.210 |
|
Debt/Equity
ratio |
0.001 |
0.001 |
0.001 |
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) |
|
Total Income |
1793.190 |
1984.653 |
2317.550 |
|
|
|
10.677 |
16.774 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
1793.190 |
1984.653 |
2317.550 |
|
Profit |
119.093 |
64.625 |
(0.624) |
|
|
6.64% |
3.26% |
(0.03%) |
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
|
Unsecured Loan |
As
on 31.03.2013 [Rs.
in Millions] |
As
on 31.03.2012 [Rs.
in Millions] |
|
Long Term
Borrowings |
|
|
|
Other loans and advances |
1.210 |
1.210 |
|
TOTAL
|
1.210 |
1.210 |
INDEX OF CHARGES:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
90148861 |
09/09/2004 |
292,000.00 |
ICICI BANK
LIMITED |
ICICI TOWERS;
BANDRA KURLA COMPLEX, BANDRA EAST, |
- |
|
2 |
90148794 |
20/07/2004 |
335,000.00 |
ICICI BANK
LIMITED |
ICICI TOWERS;
BANDRA KURLA COMPLEX, BANDRA EAST, |
- |
|
3 |
90148653 |
26/03/2004 |
800,000.00 |
ICICI BANK LIMITED |
ICICI TOWERS;
BANDRA KURLA COMPLEX, BANDRA EAST, |
- |
|
4 |
90146612 |
18/03/2004 |
670,000.00 |
ICICI BANK
LIMITED |
ICICI TOWERS;
BANDRA KURLA COMPLEX, BANDRA EAST, |
- |
|
5 |
90148357 |
09/11/2010 * |
100,000,000.00 |
CORPORATION BANK |
1 RAMAN SMRUTI
,KARANI ROAD, NEAR TELEPHONE EXCHA |
B00067603 |
|
6 |
90147632 |
17/02/2001 |
525,008.00 |
ICICI BANK
LIMITED |
ICICI TOWERS;
BANDRA KURLA COMPLEX, BANDRA EAST, |
- |
|
7 |
90147465 |
28/05/2000 |
533,000.00 |
HDFC BANK
LIMITED |
SANDOZ HOUSE,
WORLI, MUMBAI, MAHARASHTRA, INDIA |
- |
|
8 |
90146076 |
10/03/2000 |
275,000.00 |
CORPORATION BANK |
GHATKOPAR WEST
BRANCH, KARANI LANE; GHATKOPAR WEST, MUMBAI, MAHARASHTRA, INDIA |
- |
|
9 |
90145930 |
26/02/1998 |
395,000.00 |
STATE BANK OF
INDIA |
LAGHU UDYOG
BRANCH, AHMEDABAD, ANDHRA PRADESH, INDIA |
- |
* Date of charge modification
NOTE:
The registered office of the company has been shifted from
Sahney Kirkwood Compound 27 Kirol Vidyavihar West, Mumbai,
BACKGROUND:
Subject was incorporated
as Pall Pharmalab Filtration Private Limited (Pall Pharmalab) on 6 June 1996,
under the provisions of the Indian Companies Act, 1956 as a joint venture
between Pall Mauritius (PM) and Filtech Pharmalab Private Limited (Filtech) in
the ratio of 51:49. Pall India commenced operations from 1 April 1997, when
certain fixed assets and inventories were taken over from Filtech in accordance
with the joint venture agreement. In 2002, the equity shares held by PM (51% of
share capital) were transferred to Pall Corporation Inc., USA (Pall Inc). In
March 2004, all equity shares held by Filtech were transferred to Pall Inc. The
name was changed from Pall Pharmalab to Pall India effective from 5 February
2004. During the year 2003-2004, the Company acquired Filtration Fluid Dynamics
India Private Limited (FFDL), a subsidiary of Pall Corporation Inc. Based on
the High Court order dated 12 April 2004, FFDL was amalgamated with the Company
with retrospective effect from 1 April 2003. Subject is engaged in manufacturing
and trading of filtration and separation systems. The Company has facilities in
Mumbai, Bangalore, and Pune.
OPERATIONS:
The turnover
during the year was Rs. 2287.275 Millions as against Rs. 1963.006 Millions
during the previous year, which represents growth of about 16.52% over the
previous year. Net Profit before Tax for the year under consideration is
Rs.10.866 Millions as compared to Net Profit before Tax of Rs.139.538 Millions
during the previous year, which is mainly due to increase on account of
Employees Benefits and Other Expenses. The directors are continuously trying to
explore new markets.
FIXED ASSETS:
·
Software
·
Plant and Machinery
·
Office Equipments
·
Furniture and Fixture
·
Leasehold Improvement
·
Computer Systems
·
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. 60.43 |
|
|
1 |
Rs. 98.64 |
|
Euro |
1 |
Rs. 78.20 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
42 |
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.