MIRA
INFORM REPORT
|
Report Date : |
18.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
BOBST INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gut No. 82, 124, 126 to 136 and 195 (Part) at and |
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|
Country : |
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|
Financials (as
on) : |
31.03.2014 |
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|
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|
Date of
Incorporation : |
14.08.1995 |
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|
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|
Com. Reg. No.: |
11-091771 |
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|
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|
Capital
Investment / Paid-up Capital : |
Rs. 235.311 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH1995PTC091771 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEB02956C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB7295F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Manufacture and sale of machines. |
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|
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|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
|
Litigation : |
Exist |
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|
Comments : |
Subject is an established company having a satisfactory track record. There is a slight dip in profit of the company in the year 2014. However,
liquidity position of the company is strong and healthy. Trade relation reported to be fair. Business is active. Payment terms
are reported to be usually correct. The company can be considered for business dealing 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 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict
Implications: Apex court order may alter coal import dynamics. Traders go slow
on talks over coal supply contracts, uncertainty over cancellation of blocks
weigh on stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of Investigation
books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Ms. Suchitra |
|
Designation : |
Finance Department |
|
Contact No.: |
91-20-39878000 |
|
Date : |
17.09.2014 |
LOCATIONS
|
Registered Office/ Factory : |
Gut No. 82, 124, 126 to 136 and 195 (Part) at and |
|
Tel. No.: |
91-20-39878000/ 39878040 |
|
Fax No.: |
91-20-39878025/ |
|
E-Mail : |
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|
Website : |
DIRECTORS
As on: 14.08.2014
|
Name : |
Mr. Jean Pascal Henri Bobst |
|
Designation : |
Director |
|
Address : |
CH. Des Cornalles 20, 1802, Corseaux, |
|
Date of Birth/Age : |
17.04.1965 |
|
Date of Appointment : |
23.05.2006 |
|
DIN No.: |
01308463 |
|
|
|
|
Name : |
Mr. Attilio Tissi |
|
Designation : |
Director |
|
Address : |
Riedlistrasse 27, 3168 Dudingen, 003168 |
|
Date of Birth/Age : |
15.11.1968 |
|
Date of Appointment : |
12.12.2011 |
|
DIN No.: |
05140557 |
|
|
|
|
Name : |
Mr. Philippe Alexandre Francois Milliet |
|
Designation : |
Director |
|
Address : |
Chemin De Leisis 24, 1009 Pully, Vaud Pully 001009 |
|
Date of Birth/Age : |
18.01.1963 |
|
Date of Appointment : |
12.12.2011 |
|
DIN No.: |
05140545 |
|
|
|
|
Name : |
Mr. Erik Henri Bothorel |
|
Designation : |
Director |
|
Address : |
9, Via Campagna, I-29100, Piacenza, Italy |
|
Date of Birth/Age : |
25.09.1962 |
|
Date of Appointment : |
16.07.2013 |
|
DIN No.: |
06633789 |
|
|
|
|
Name : |
Mr. Upendra Goraksha Deglurkar |
|
Designation : |
Director |
|
Address : |
901 Purshottam Apartments, Lane No.3 Off Bhandarkar Road, Pune –
411004, Maharashtra, India |
|
Date of Birth/Age : |
13.03.1967 |
|
Date of Appointment : |
09.11.2012 |
|
DIN No.: |
00902387 |
KEY EXECUTIVES
|
Name : |
Ms. Suchitra |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 14.08.2014
|
Names of Shareholders |
|
No. of Shares |
|
Bobst Group SA, Switzerland |
|
2353112 |
|
Bobst SA, |
|
2 |
|
|
|
|
|
Total |
|
2353114 |
Equity Share Break up (Percentage of Total Equity)
As on: 14.08.2014
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture and sale of machines. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management
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Bankers : |
· Citibank N. A., 1st Floor, Onyx Tower, Near Westin Hotel, North Main Road, Koregaon Park, Pune - 411001, Maharashtra, India · The Royal Bank of Scotland N.V., 74, Sakhar Bhavan, 7th Floor, Nariman Point, Mumbai - 400021, Maharashtra, India |
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Facilities : |
(Rs.
In Millions)
|
|
|
|
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
S. V. Ghatalia and Associates Chartered Accountants |
|
Address : |
C-401, 4th Floor, |
|
PAN No.: |
AACFS6921Q |
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|
|
|
Holding Company: |
·
Bobst Group SA |
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|
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|
Fellow Subsidiaries: |
·
Bobst Mex SA (Formerly known as Bobst SA) ·
Bobst Italia SpA-Rotomec Division (Formerly known
as Bobst Group Italia SPA-Rotomec Division) ·
Bobst Italia SpA-Schiavi Division (Formerly known
as Bobst Group Italia SPA-Schiavi Division) ·
Bobst Manchester Limited (Formerly known as
General Vacuum Equipment Limited) ·
Bobst Latinoamerica do Sul Ltda (Formerly known
as Bobst Group Latinoamerica do Sul Ltda) ·
Bobst Lyon S.A.S. (Formerly known as Martin) ·
Bobst Malaysia SDN. BHD. (Formerly known as Bobst
Group Malaysia SDN. BHD.) ·
Bobst Grenchen AG (Formerly known as Asitrade AG) ·
Bobst Hong Kong Limited (Formerly known as Bobst
Group Hong Kong Limited) ·
Bobst (Shanghai) Limited ·
Bobst Group Trading SA ·
Bobst Bielefeld GmbH (Formerly known as Fischer
and Krecke GmbH) ·
BHS Group ·
Bobst (Thailand) Limited (Formerly known as Bobst
Group Thailand Limited) ·
Bobst North America, Inc (Formerly known as Bobst
Group North America, Inc) ·
Bobst CIS LLC |
CAPITAL STRUCTURE
As on: 14.08.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2400000 |
Equity Shares |
Rs.100/- each |
Rs. 240.00 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2353114 |
Equity Shares |
Rs.100/- each |
Rs. 235.311
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
235.311 |
235.311 |
235.310 |
|
(b) Reserves & Surplus |
446.503 |
361.001 |
265.070 |
|
(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) |
681.814 |
596.312 |
500.380 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
21.480 |
12.041 |
12.940 |
|
(c) Other long
term liabilities |
114.331 |
109.077 |
141.270 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.540 |
|
Total Non-current
Liabilities (3) |
135.811 |
121.118 |
154.750 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
35.347 |
14.085 |
10.420 |
|
(b)
Trade payables |
0.000 |
0.000 |
0.000 |
|
(c)
Other current liabilities |
83.729 |
88.792 |
62.330 |
|
(d) Short-term
provisions |
20.921 |
21.491 |
33.320 |
|
Total Current
Liabilities (4) |
139.997 |
124.368 |
106.070 |
|
|
|
|
|
|
TOTAL |
957.622 |
841.798 |
761.200 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
318.441 |
299.308 |
253.210 |
|
(ii)
Intangible Assets |
0.199 |
0.226 |
0.080 |
|
(iii) Capital
work-in-progress |
0.000 |
0.508 |
1.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.025 |
0.025 |
0.030 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
45.539 |
42.282 |
26.870 |
|
(e) Other
Non-current assets |
0.012 |
1.174 |
0.880 |
|
Total Non-Current
Assets |
364.216 |
343.523 |
282.070 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
322.482 |
259.329 |
314.830 |
|
(c)
Trade receivables |
106.856 |
126.478 |
65.640 |
|
(d) Cash
and cash equivalents |
15.913 |
44.127 |
15.590 |
|
(e)
Short-term loans and advances |
148.155 |
68.341 |
53.270 |
|
(f) Other
current assets |
0.000 |
0.000 |
29.800 |
|
Total
Current Assets |
593.406 |
498.275 |
479.130 |
|
|
|
|
|
|
TOTAL |
957.622 |
841.798 |
761.200 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
1185.240 |
1122.870 |
1025.083 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
1052.166 |
980.171 |
834.796 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
133.074 |
142.699 |
190.287 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
47.572 |
46.769 |
68.254 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
85.502 |
95.930 |
122.033 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
361.000 |
265.070 |
143.037 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
446.502 |
361.000 |
265.070 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
36.33 |
40.75 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
7.21 |
8.54 |
11.90 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.90 |
16.96 |
25.03 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.24 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.05 |
0.02 |
0.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.24 |
4.01 |
4.52 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
235.310 |
235.311 |
235.311 |
|
Reserves & Surplus |
265.070 |
361.001 |
446.503 |
|
Net worth |
500.380 |
596.312 |
681.814 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
10.420 |
14.085 |
35.347 |
|
Total borrowings |
10.420 |
14.085 |
35.347 |
|
Debt/Equity ratio |
0.021 |
0.024 |
0.052 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
1025.083 |
1122.870 |
1185.240 |
|
|
|
9.539 |
5.555 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
1025.083 |
1122.870 |
1185.240 |
|
Profit |
122.033 |
95.930 |
85.502 |
|
|
11.90% |
8.54% |
7.21% |
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 |
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 |
Yes |
|
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 |
CASE DETAILS
|
Case Details |
|
|
Case Type |
Cri.Rev.App. |
|
Filing No. |
102419/2014 Filing date: 11-04-2014 |
|
Registration No. |
100286/2014 Registration date: 16-04-2014 |
|
Case code |
201801024192014 |
|
|
|
|
CASE STATUS |
|
|
First Hearing Date |
16-04-2014 |
|
Next Hearing Date |
24-09-2014 |
|
Purpose of Hearing |
Hearing |
|
Court No & Judge |
43 - DISTRICT JUDGE -3 AND ADDL. SESSIONS JUDGE PUNE |
|
|
|
|
Petitioner(s) & Advocate(s) |
|
|
Petitioner - Paramount Print packing Limited etc. 4 Address - A-309 MIDC TTC Industrial Area Mahape New Mumbai 01Advocate - Shri. A. Vibhute |
|
|
Respondent(s) & Advocate(s) |
|
|
Respondent - Bobst India Private Limited etc. 1 Address - Plot No 82,126to132 Village Kasar Amboli Post Ambadvet Ghotawade Road Tal Mulshi Dist Pune Advocate - |
|
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|
ACTS |
|
|
Under Act(s) |
Negotiable Instrument Act |
|
Under Section(s) |
138 |
|
Subject |
|
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|
|
|
LOWER COURT INFORMATION |
|
|
Court No & Name |
25th Jt.Civil Judge J.D. J.M.F.C.Link No.5 |
|
Case No & Year |
Sum Case - 0026591 - 2013 |
|
Case Decision Date |
06-02-2014 |
|
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|||
|
FIR DETAILS |
|||
|
Police Station |
|
||
|
FIR No. |
0 |
Year |
0 |
|
History of Case Hearing |
||||
|
Regn. No. |
Judge |
Bussiness on Date |
Hearing Date |
Purpose of Hearing |
|
100286/2014 |
DISTRICT JUDGE -3 AND ADDL. SESSIONS JUDGE PUNE |
16-04-2014 |
29-04-2014 |
Argument on Exh.____Unready |
|
100286/2014 |
DISTRICT JUDGE -3 AND ADDL. SESSIONS JUDGE PUNE |
29-04-2014 |
07-05-2014 |
Order on Exh |
|
100286/2014 |
DISTRICT JUDGE -3 AND ADDL. SESSIONS JUDGE PUNE |
07-05-2014 |
03-06-2014 |
Awaiting Notice |
|
100286/2014 |
DISTRICT JUDGE -3 AND ADDL. SESSIONS JUDGE PUNE |
03-06-2014 |
25-07-2014 |
Awaiting Notice |
|
100286/2014 |
DISTRICT JUDGE -3 AND ADDL. SESSIONS JUDGE PUNE |
25-07-2014 |
05-08-2014 |
Awaiting Notice |
|
100286/2014 |
DISTRICT JUDGE -3 AND ADDL. SESSIONS JUDGE PUNE |
05-08-2014 |
19-08-2014 |
Hearing |
|
100286/2014 |
DISTRICT JUDGE -3 AND ADDL. SESSIONS JUDGE PUNE |
19-08-2014 |
27-08-2014 |
Hearing |
|
100286/2014 |
DISTRICT JUDGE -3 AND ADDL. SESSIONS JUDGE PUNE |
27-08-2014 |
12-09-2014 |
Hearing |
|
100286/2014 |
DISTRICT JUDGE -3 AND ADDL. SESSIONS JUDGE PUNE |
12-09-2014 |
24-09-2014 |
Hearing |
|
Orders |
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Order No. |
Order Date |
Order Details |
|
Writ Information |
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Regn. No. |
Appellate Case No. |
Appellate Authority |
Date of Reciept |
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Case Transfer Details Between The Courts |
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|
Regn. No. |
Transfer Date |
From Court No |
To Court No |
REVIEW OF OPERATIONS:
The turnover during the year showed a marginal improvement and was Rs.1185.240 millions against Rs. 1122.870 millions in the previous year, registering an increase of 5.5%.
During the year, raw material prices continued to show upward movement. Despite these increase, the Company was able to show a Profit before Tax of Rs 133.074 millions as against Rs. 142.699 millions in the previous year.
During the year the Profit after Tax was Rs. 85.502 millions as compared to Rs. 95.930 millions in the previous year.
After considering the carried forward profit of Rs.361.001 millions a balance of Rs. 446.503 millions was carried forward to Balance Sheet.
INDEX OF CHARGES
|
S.NO |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10451621 |
25/09/2013 |
100,000,000.00 |
CITIBANK N. A. |
1ST FLOOR, ONYX
TOWER, NEAR WESTIN HOTEL, NORTH MAIN ROAD, KOREGAON PARK, PUNE, MAHARASHTRA -
411001, INDIA |
B85981769 |
FIXED ASSETS
Tangible assets
·
Land
·
Buildings
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
Intangible assets
·
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. 60.95 |
|
|
1 |
Rs. 99.32 |
|
Euro |
1 |
Rs. 78.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
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 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
45 |
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.