MIRA
INFORM REPORT
|
Report Date : |
17.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
OBEROI CONSTRUCTIONS LIMITED (w.e.f.13.07.2011) |
|
|
|
|
Formerly Known
As : |
OBEROI CONSTRUCTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Commerz, 3rd Floor, International Business Park, Oberoi
Garden City, Off Western Express Highway, Goregaon (East), Mumbai – 400063,
Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
02.11.1993 |
|
|
|
|
Com. Reg. No.: |
11-074836 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 51.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45202MH1993PLC074836 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMO01873E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACO1805E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Real Estate Developers |
|
|
|
|
No. of Employees
: |
Information declined 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 subsidiary of Oberoi Realty Limited. It is a
well-established company having a fine track record. The financial position of the company appears to be sound. There SEEMS
some dip in the total income earned by the company during 2013 from last
year. However, trade relations are reported as trustworthy. Business is
active. Payments are reported to be regular and as per commitments. The company can be considered good 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.
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 DECLINED
MANAGEMENT NON-COOPERATIVE [91-22-66773333]
LOCATIONS
|
Registered/ Corporate Office : |
Commerz, 3rd Floor, International Business Park, Oberoi
Garden City, Off Western Express Highway, Goregaon (East), Mumbai – 400063,
Maharashtra, India |
|
Tel. No.: |
91-22-66773333/ 66773360/ 67556666 |
|
Fax No.: |
91-22-66773334 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 08.07.2013
|
Name : |
Mr. Vikas Ranvir Oberoi |
|
Designation : |
Managing director |
|
Address : |
Plot No. 70, 12th N. S. Road, J. V. P. D. Scheme, Juhu,
Mumbai - 400049, Maharashtra, India |
|
Date of Birth/Age : |
08.09.1969 |
|
Qualification : |
Owner’s / President’s Management Program from Harvard Business School |
|
Date of Appointment : |
02.11.1993 |
|
DIN No.: |
00011701 |
|
|
|
|
Name : |
Bindu Ranvir Oberoi |
|
Designation : |
Whole-time director |
|
Address : |
Plot No. 70, 12th N. S. Road, J. V. P. D. Scheme, Juhu,
Mumbai - 400049, Maharashtra, India |
|
Date of Birth/Age : |
20.08.1968 |
|
Qualification : |
Bachelor's Degree in Commerce |
|
Date of Appointment : |
01.12.2006 |
|
PAN No.: |
AAAPO7811P |
|
DIN No.: |
00837711 |
|
|
|
|
Name : |
Mr. Tilokchand Punamchand Ostwal |
|
Designation : |
Director |
|
Address : |
103, Falcon’s Crest, G.D.
Ambekar Marg, Parel, Mumbai – 400012, Maharashtra, India |
|
Date of Birth/Age : |
07.11.1954 |
|
Qualification : |
Bachelor’s degree in commerce, Fellow member of the Institute of
Chartered Accountants of India |
|
Date of Appointment : |
14.12.2009 |
|
Voter ID No.: |
SOK4141016 |
|
DIN No.: |
00821268 |
|
|
|
|
Name : |
Mr. Rajendra Manohar Chandorkar |
|
Designation : |
Director |
|
Address : |
A/503, Khanna Apartment,
Near Diamond Garden, Chembur (East), Near Yogi Restaurant, Mumbai – 400067, Maharashtra,
India |
|
Date of Birth/Age : |
02.08.1972 |
|
Qualification : |
Bachelor in Architecture |
|
Date of Appointment : |
15.10.2011 |
|
Voter ID No.: |
MT/06/048/0186091 |
|
DIN No.: |
03626923 |
KEY EXECUTIVES
|
Name : |
Ms. Akansha Mishra |
|
Designation : |
Secretary |
|
Address : |
Royal Garden, A Wing, Flat No. 302, S.V. Road, Jogeshwari (West),
Mumbai – 400102, Maharashtra, India |
|
Date of Birth/Age : |
24.09.1987 |
|
Date of Appointment : |
03.01.2013 |
|
PAN No.: |
AVBPM2877P |
|
|
|
|
Name : |
Mr. Sridhar Thirumalai |
|
Designation : |
Vice President - Construction |
|
Date of Birth/Age : |
44 years |
|
Qualification : |
Diploma in Civil Engineering (Town Planning) |
|
Experience : |
24.1 years |
|
|
|
|
Name : |
Mr. Ashok Daryanani |
|
Designation : |
Vice President – Construction |
|
Date of Birth/Age : |
58 years |
|
Qualification : |
BE (Civil) |
|
Experience : |
35.2 years |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 08.07.2013
|
Names of Shareholders |
|
No. of Shares |
|
Oberoi Realty Limited, |
|
5099990 |
|
Santosh Ranvir
Oberoi |
|
4 |
|
Vikas Ranvir
Oberoi and Oberoi Realty Limited, |
|
1 |
|
Bindu Oberoi and Oberoi Realty Limited, |
|
1 |
|
Saumil Daru and Oberoi Realty Limited, |
|
1 |
|
Raman Sapru and Oberoi Realty Limited, |
|
1 |
|
Rajendra Chandorkar and Oberoi Realty Limited, |
|
1 |
|
Arunkumar Kotian and Oberoi Realty Limited, |
|
1 |
|
|
|
|
|
Total |
|
5100000 |
AS ON 08.07.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Real Estate Developers |
||||
|
|
|
||||
|
Products/ Services : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|
|
|
|
Bankers : |
Axis Bank Limited, Royal Accord IV, Lokhandwala Complex,
Andheri Branch, Mumbai - 400053, Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P. Raj and Company Chartered Accountants |
|
Address : |
3/1218 Navjivan Commercial Premises Co-operative Society
Limited, Lamington Road, Mumbai – 400008, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AANFP6200G |
|
|
|
|
Holding company : |
Oberoi Realty Limited [L45200MH1998PLC114818] |
|
|
|
|
Subsidiary company : |
Perspective Realty Private Limited [U70200MH2007PTC175541] |
|
|
|
|
Joint venture: |
· Siddhivinayak Realties Private Limited [U45202MH2001PTC132103] Astir
Realty LLP Oasis
Realty (AOP) ZACO
Aviation (AOP) |
|
|
|
|
Fellow Subsidiary
company : |
Oberoi Mall Limited [U45202MH2001PLC132119] |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners
with Key management personnel and their relatives : |
· Oberoi Foundation R.
S. V. Associates Oberoi
Associates |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,250,000 |
Equity Shares |
Rs. 10/- each |
Rs. 52.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,100,000 |
Equity Shares |
Rs. 10/- each |
Rs. 51.000
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 |
51.000 |
51.000 |
51.000 |
|
(b) Reserves & Surplus |
15410.680 |
13616.523 |
11911.324 |
|
(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) |
15461.680 |
13667.523 |
11962.324 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
16.849 |
17.034 |
16.622 |
|
(c) Other long term liabilities |
14.503 |
5.219 |
41.339 |
|
(d) long-term provisions |
0.641 |
0.490 |
0.390 |
|
Total Non-current Liabilities (3) |
31.993 |
22.743 |
58.351 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
87.775 |
0.000 |
265.494 |
|
(b) Trade payables |
64.610 |
106.076 |
109.716 |
|
(c) Other current
liabilities |
382.041 |
709.741 |
699.252 |
|
(d) Short-term provisions |
59.996 |
178.410 |
60.517 |
|
Total Current Liabilities (4) |
594.422 |
994.227 |
1134.979 |
|
|
|
|
|
|
TOTAL |
16088.095 |
14684.493 |
13155.654 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
76.876 |
76.235 |
79.911 |
|
(ii) Intangible Assets |
0.200 |
0.407 |
0.511 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
419.621 |
419.253 |
0.150 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
10618.142 |
7692.659 |
5471.810 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
11114.839 |
8188.554 |
5552.382 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.595 |
0.000 |
0.000 |
|
(b) Inventories |
4055.799 |
4344.746 |
4481.740 |
|
(c) Trade receivables |
121.852 |
339.510 |
192.500 |
|
(d) Cash and cash
equivalents |
624.067 |
1656.906 |
2263.541 |
|
(e) Short-term loans and
advances |
166.463 |
134.344 |
648.292 |
|
(f) Other current assets |
4.480 |
20.433 |
17.199 |
|
Total Current Assets |
4973.256 |
6495.939 |
7603.272 |
|
|
|
|
|
|
TOTAL |
16088.095 |
14684.493 |
13155.654 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
3330.909 |
3368.366 |
5218.759 |
|
|
|
Other Income |
136.751 |
204.990 |
171.544 |
|
|
|
TOTAL (A) |
3467.660 |
3573.356 |
5390.303 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Changes in inventories
of finished goods, work-in-progress and stock-in-trade |
288.947 |
136.994 |
(378.207) |
|
|
|
Employee benefit expense |
2.960 |
(1.110) |
3.074 |
|
|
|
Other expenses |
880.122 |
1181.948 |
2589.096 |
|
|
|
TOTAL (B) |
1172.029 |
1317.832 |
2213.963 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2295.631 |
2255.524 |
3176.340 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.196 |
0.337 |
0.006 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2295.435 |
2255.187 |
3716.334 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
9.200 |
7.911 |
15.460 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
2286.235 |
2247.276 |
3160.874 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
432.410 |
364.257 |
81.878 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1853.825 |
1883.019 |
3078.996 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Sale of Units |
0.000 |
1.624 |
1.698 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
86.630 |
17.540 |
4.567 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
363.50 |
369.22 |
603.72 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
53.46
|
52.70 |
57.12 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
68.64
|
66.72 |
60.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.59
|
15.75 |
24.03 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.16 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.01
|
0.00 |
0.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
8.37
|
6.53 |
6.70 |
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 |
51.000 |
51.000 |
51.000 |
|
Reserves & Surplus |
11911.324 |
13616.523 |
15410.680 |
|
Net
worth |
11962.324 |
13667.523 |
15461.680 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
265.494 |
0.000 |
87.775 |
|
Total
borrowings |
265.494 |
0.000 |
87.775 |
|
Debt/Equity
ratio |
0.022 |
0.000 |
0.006 |
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 |
5218.759 |
3368.366 |
3330.909 |
|
|
|
(35.457) |
(1.112) |
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 |
5218.759 |
3368.366 |
3330.909 |
|
Profit |
3078.996 |
1883.019 |
1853.825 |
|
|
59.00% |
55.90% |
55.66% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT: 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 |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
NOTE:
The registered office of the company has been shifted from
International Business Park, Oberoi Garden City, Opposite Western Express Highway,
Goregaon (East), Mumbai - 400063, Maharashtra, India to the present address
w.e.f.21.09.2009.
NATURE OF OPERATIONS
Subject a public limited company, is engaged primarily in the business of real estate development.
OPERATIONS:
During the year, the company has recorded Total Revenue of
Rs. 3467.660 Millions as compared to Rs. 3573.357 Millions in the previous
year. The Profit before tax has increased to Rs. 2286.236 Millions for the year
ended March 31, 2013 as compared to Rs. 2247.276 Millions for the previous
year. After deducting expenses on account of tax, the Profit after Tax stood at
Rs. 1853.825 Millions for the year under review as compared to Rs. 1883.019
Millions in the previous year.
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT-TERM BORROWINGS |
|
|
|
Loans and Advance from Related Parties |
87.775 |
0.000 |
|
|
|
|
|
Total |
87.775 |
0.000 |
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
Legal cases against the Company not acknowledged as debts |
3.555 |
3.455 |
|
Claims against the Company not acknowledged as debts |
697.158 |
62.908 |
|
Certain other additional
matters which are under dispute (including some matters which are pending in
court) but which are not acknowledged as debts by the Company |
Amounts not ascertainable |
Amounts not ascertainable |
|
Custom duty matters in dispute |
0.000 |
0.333 |
|
Income-tax matters in dispute |
46.807 |
2.966 |
|
Corporate guarantee given |
629.000 |
629.000 |
FIXED ASSETS:
· Plant and equipment
Furniture
and fixtures
Vehicles
Aircrafts
helicopters
Motor
vehicles
Office
equipment
Computer
equipments
Other
equipments
Computer
software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions between
a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.10 |
|
|
1 |
Rs.99.05 |
|
Euro |
1 |
Rs.79.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
DEFAULTERS |
|
|
|
--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.