MIRA INFORM REPORT
|
Report Date : |
11.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
THYSSENKRUPP INDUSTRIES INDIA PRIVATE LIMITED (w.e.f. 1993) |
|
|
|
|
Formerly Known
As : |
KRUPP INDUSTRIES
INDIA LIMITED |
|
|
|
|
Registered
Office : |
154C, Mittal Tower,
15th Floor, 210, Nariman Point, Mumbai – 400021, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
30.09.2013 |
|
|
|
|
Date of
Incorporation : |
23.01.1947 |
|
|
|
|
Com. Reg. No.: |
11-005508 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.97.865 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH1947PTC005508 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNET03957C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK1947K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Sugar Machinery, Cement Machinery,
Material Handling Equipment’s etc. |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (67) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company having fine track record. As per available financial 2013, financial position of the company
seems to be decent. Tarde relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. NOTE: 23AC documents for the year 2014 could not be made available
from any source. |
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term Fund Based Limits = AA |
|
Rating Explanation |
Have high degree of safety and carry very low credit risk. |
|
Date |
March, 2014 |
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 BY
|
Name : |
Mr. Nikhil Bandi |
|
Designation : |
Account Manager |
|
Contact No.: |
91-20-27425461 |
|
Date : |
10.09.2014 |
LOCATIONS
|
Registered Office / Factory 1 : |
154 C, Mittal
Tower, 15th Floor, 210, Nariman Point, Mumbai – 400021,
Maharashtra, India. |
|
Tel. No.: |
91-22-27425461/22020064 |
|
Mobile No.: |
91-9822479741 (Mr. Gopal Prabhu) |
|
Fax No.: |
91-22-22044025/22026837 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
4500 sq. ft |
|
Location : |
Owned |
|
|
|
|
Head Office /
Factory 2: |
Pimpri, Pune -
411018, Maharashtra, India |
|
Tel. No.: |
91-20-27425461 /
2 / 3 / 4 |
|
Fax No.: |
91-20-27425350 |
|
E Mail : |
|
|
|
|
|
Factory 3 : |
Cherlapally,
Hyderabad - 500051, Andhra Pradesh, India |
|
Tel. No.: |
91-40-27263540 |
|
Fax No.: |
91-40-27263162 |
|
E-Mail : |
DIRECTORS
As on 26.08.2014
|
Name : |
Shehata Ramsis Shehata |
|
Designation : |
Director |
|
Address : |
28, Strathaven Mews SW, |
|
Date of Birth/Age : |
06.05.1951 |
|
Date of Appointment : |
23.05.2003 |
|
DIN No.: |
00480010 |
|
|
|
|
Name : |
Mr. Dara Nadirshaw Damania |
|
Designation : |
Director |
|
Address : |
11, |
|
Date of Birth/Age : |
02.12.1936 |
|
Date of Appointment : |
01.01.1978 |
|
Voter ID No.: |
MT/42/250/486422 |
|
DIN No.: |
00403834 |
|
|
|
|
Name : |
Mr. Vinod Jamnadas Mehta |
|
Designation : |
Director |
|
Address : |
20A Thakur Nivas, Co-Operative Housing Society, 173, |
|
Date of Birth/Age : |
11.04.1932 |
|
Date of Appointment : |
20.02.1990 |
|
Voter ID No.: |
MT/04/024/102891 |
|
DIN No. : |
00087505 |
|
|
|
|
Name : |
Mr. Premal Narendra Kapadia |
|
Designation : |
Director |
|
Address : |
Flat No. 6, Haveli, 19, L D Ruparel Marg, Mumbai-400006, |
|
Date of Birth/Age : |
05.06.1949 |
|
Date of Appointment : |
12.07.1999 |
|
Voter ID No.: |
MT/04/024/096081 |
|
DIN No. : |
00042090 |
|
|
|
|
Name : |
Mrs. Pallavi Arvind Parikh |
|
Designation : |
Director |
|
Address : |
333, |
|
Date of Birth/Age : |
19.12.1943 |
|
Date of Appointment : |
05.02.1999 |
|
DIN No. : |
00107779 |
|
|
|
|
Name : |
Mr. Vikram Mahendra Swarup |
|
Designation : |
Director |
|
Address : |
2 B, |
|
Date of Birth/Age : |
16.09.1948 |
|
Date of Appointment : |
19.12.2008 |
|
DIN No. : |
00163543 |
|
|
|
|
Name : |
Mr. Vijaykumar Bhanwarlal Kanthed |
|
Designation : |
Whole Time Director |
|
Address : |
Flat No. 1, Ramkunj, ICS Colony, |
|
Date of Birth/Age : |
18.09.1946 |
|
Date of Appointment : |
09.03.2001 |
|
DIN No. : |
01144690 |
|
|
|
|
Name : |
Mr. Malaykumar Mahendrachandra Das |
|
Designation : |
Whole Time Director |
|
Address : |
Plot No. 14, Sector – A, Vrundavan Co-operative Housing Society
Limited, Off |
|
Date of Birth/Age : |
04.12.1950 |
|
Date of Appointment : |
09.03.2001 |
|
00408084 |
|
|
|
|
|
Name : |
Mr. Sivasubramanian Natarajan |
|
Designation : |
Whole Time Director |
|
Address : |
402 Agate, Lapis Lazulli, South Main Road, Koregaon Park,
Pune-411001, Maharashtra, India |
|
Date of Birth/Age : |
09.07.1959 |
|
Date of Appointment : |
06.09.2011 |
|
DIN No. : |
03632901 |
|
|
|
|
Name : |
Lothar Walter Jungemann |
|
Designation : |
Director |
|
Address : |
Josef- Wnkler-Str.18, Warendorf -48231 |
|
Date of Birth/Age : |
26.05.1964 |
|
Date of Appointment : |
26.04.2013 |
|
DIN No. : |
06565567 |
KEY EXECUTIVES
|
Name : |
Mr. Khushroo Jal Dastoor |
|
Designation : |
Company Secretary |
|
Address : |
A 806, |
|
Date of Birth/Age : |
09.06.1955 |
|
Date of Appointment : |
02.03.1998 |
|
Voter ID No.: |
MT / 0042 / 0251 / 111484 |
|
PAN No. : |
AARPD5292N |
|
|
|
|
Name : |
Mr. Gopal Prabhu |
|
Designation : |
Senior Manager |
|
|
|
|
Name : |
Mr. Nikhil Bandi |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.08.2014
NOTE: SHAREHOLDER DETAILS FILE ATTACHED
As on 26.08.2014
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 |
54.73 |
|
Bodies corporate |
37.35 |
|
Directors or relatives of Directors |
5.56 |
|
Other |
2.36 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Sugar Machinery, Cement Machinery,
Material Handling Equipment’s etc. |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management |
|
|
|
|
Bankers : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse
and Company Chartered
Accountants |
|
Address : |
|
|
PAN
No. : |
AADFP9359C |
|
|
|
|
Ultimate Holding
Company : |
ThyssenKrupp AG |
|
|
|
|
Holding Company : |
Buckau Walther GmbH |
|
|
|
|
Fellow Subsidiary : |
|
|
|
|
|
Wholly owned
Subsidiary |
ThyssenKrupp Industries (M) SDN BHD |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.100/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
978650 |
Equity Shares |
Rs.100/- each |
Rs.97.865 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
30.09.2013 |
30.09.2012 |
30.09.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
97.870 |
97.870 |
97.870 |
|
(b) Reserves & Surplus |
5497.600 |
4950.110 |
4236.650 |
|
(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) |
5595.470 |
5047.980 |
4334.520 |
|
|
|
|
|
|
(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 |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
121.930 |
93.710 |
58.470 |
|
Total Non-current
Liabilities (3) |
121.930 |
93.710 |
58.470 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
2567.710 |
3263.740 |
3384.610 |
|
(c) Other
current liabilities |
4942.310 |
5836.130 |
8233.390 |
|
(d) Short-term
provisions |
942.040 |
740.430 |
1048.080 |
|
Total Current
Liabilities (4) |
8452.060 |
9840.300 |
12666.080 |
|
|
|
|
|
|
TOTAL |
14169.460 |
14981.990 |
17059.070 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
764.500 |
784.230 |
752.090 |
|
(ii)
Intangible Assets |
11.230 |
9.890 |
9.290 |
|
(iii)
Capital work-in-progress |
13.950 |
31.490 |
19.670 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
8.950 |
0.200 |
0.200 |
|
(c) Deferred tax assets (net) |
64.700 |
21.670 |
66.550 |
|
(d) Long-term Loan and Advances |
52.390 |
42.210 |
72.110 |
|
(e) Other
Non-current assets |
226.080 |
0.000 |
90.120 |
|
Total Non-Current Assets |
1141.800 |
889.690 |
1010.030 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1961.560 |
2062.800 |
2816.530 |
|
(c) Trade
receivables |
6604.130 |
6892.610 |
6107.710 |
|
(d) Cash
and cash equivalents |
2635.640 |
2619.470 |
4871.260 |
|
(e)
Short-term loans and advances |
1364.660 |
1547.180 |
1552.890 |
|
(f) Other
current assets |
461.670 |
970.240 |
700.650 |
|
Total
Current Assets |
13027.660 |
14092.300 |
16049.040 |
|
|
|
|
|
|
TOTAL |
14169.460 |
14981.990 |
17059.070 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
30.09.2013 |
30.09.2012 |
30.09.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
12876.706 |
14577.368 |
17468.268 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
11761.276 |
13176.238 |
15916.735 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX AND EXCEPTIONAL ITEMS |
Including Exceptional Items |
Including
Exceptional Items |
1551.533 |
|
|
|
|
|
|
|
|
|
|
EXCEPTIONAL
ITEMS |
|
|
(40.449) |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1115.430 |
1401.130 |
1591.982 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
373.294 |
448.807 |
505.212 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
742.136 |
952.323 |
1086.770 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
217.742 |
152.462 |
136.815 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend |
166.371 |
205.517 |
269.129 |
|
|
|
Tax on Dividend |
28.275 |
33.340 |
43.659 |
|
|
|
Transfer to General Reserve |
517.487 |
651.186 |
758.335 |
|
|
BALANCE CARRIED TO
THE B/S |
247.745 |
241.742 |
152.462 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
|
|
|
1671.984 |
|
|
|
Export Services |
|
|
65.504 |
|
|
TOTAL EARNINGS |
4024.644 |
1393.500 |
1737.488 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
|
|
|
385.468 |
|
|
|
Components |
|
|
408.421 |
|
|
|
Stores & Spares |
|
|
13.432 |
|
|
|
Capital Goods |
|
|
38.453 |
|
|
TOTAL IMPORTS |
NA |
NA
|
845.774 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
758.33 |
973.05 |
1110.48 |
|
KEY RATIOS
|
PARTICULARS |
|
30.09.2013 |
30.09.2012 |
30.09.2011 |
|
PAT / Total Income |
(%) |
5.76 |
6.53 |
6.22 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.92 |
9.39 |
9.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.28 |
0.37 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.54 |
1.43 |
1.27 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
30.09.2011 |
30.09.2012 |
30.09.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
97.870 |
97.870 |
97.870 |
|
Reserves & Surplus |
4236.650 |
4950.110 |
5497.600 |
|
Net
worth |
4334.520 |
5047.980 |
5595.470 |
|
|
|
|
|
|
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 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
30.09.2011 |
30.09.2012 |
30.09.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
17468.268 |
14577.368 |
12876.706 |
|
|
|
(16.549) |
(11.666) |
NET PROFIT MARGIN
|
Net
Profit Margin |
30.09.2011 |
30.09.2012 |
30.09.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
17468.268 |
14577.368 |
12876.706 |
|
Profit |
1086.770 |
952.323 |
742.136 |
|
|
6.22% |
6.53% |
5.76% |
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 |
Yes |
|
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 |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
80012972 |
17/01/2008 * |
11,000,000,000.00 |
BANK OF INDIA |
PIMPRI BRANCH, PIMPRI, PUNE, Maharashtra - 411018, INDIA |
A31960586 |
* Date of charge modification
OUTLOOK FOR 2013-14.
The slowdown in the Indian economy has not altered the belief in the long term potential of the economy. Decisive actions on issues such as curbing wasteful subsidies, attracting direct investment to reduce the current account deficit and an increase in infrastructure spending are expected to restore business confidence and lead to strong growth. However, continual lack of action on the policy front in a pre-election year may act as a deterrent to realize the full potential of the economy. A speedier administrative action on the economic / policy initiatives already taken and quick movements on pending reform agenda are therefore crucial.
In power sector, Power Ministry points out that 146 Fuel Supply Agreement (FSAs) totaling about 65000 MW have already been signed. However, further investment will take place only if the next Government brings stability and restore investor confidence. In such a challenging and uncertain year, the company is operating by being cost effective, and offer technologically advanced and quality-wise superior products to the customers.
FIXED ASSETS
œ Buildings
œ Plant and Equipment
œ Factory Equipment’s
œ Furniture and Fixtures
œ Vehicles
œ
Office Equipment
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.60.82 |
|
|
1 |
Rs.98.15 |
|
Euro |
1 |
Rs.78.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
67 |
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.