MIRA
INFORM REPORT
|
Report No. : |
315788 |
|
Report Date : |
04.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
BANSAL ALLOYS AND METALS PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
|
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|
|
|
Country : |
India |
|
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|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
02.07.1985 |
|
|
|
|
Com. Reg. No.: |
16-006338 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.14.932 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27101PB1985PTC006338 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
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|
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|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
Manufacturer and Importer of highly engineered components,
both alloy and non alloy castings and forgings. |
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|
|
|
No. of Employees
: |
Below 500 (Approximately) |
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 1200000 |
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|
|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having satisfactory track. Management has reported decline in tis turnover and profitability
during FY2014. However, rating favorably takes into consideration support
that the subject gets from group companies, given their common management and
similar line of business. Trade relations 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term rating : BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
March 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term rating : A3 |
|
Rating Explanation |
Moderate degree of safety and higher 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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Rajiv Bansal |
|
Designation : |
Director |
|
Contact No.: |
91-9814016600 |
|
Date : |
03.04.2015 |
LOCATIONS
|
Registered Office/ Factory : |
|
|
Tel. No.: |
91-1765-255001/2/3/5 / 255013/ 256215 |
|
Mobile No.: |
91-9814016600 (Mr. Rajiv Kumar Bansal – Director) |
|
Fax No.: |
91-1765-255004 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Raj Kumar Bansal |
|
Designation : |
Managing Director |
|
Address : |
House No 394, Mandi Gobindgarh, – 147301, Punjab, India |
|
Date of Birth/Age : |
01.03.1945 |
|
Date of Appointment : |
02.07.1985 |
|
DIN No.: |
00231761 |
|
PAN No.: |
ADGPK5472M |
|
|
|
|
Name : |
Mr. Vijay Kumar Bansal |
|
Designation : |
Director |
|
Address : |
House No.609, Sector 3 A, Mandi Gobindgarh, – 147301, Punjab, India |
|
Date of Birth/Age : |
02.09.1962 |
|
Date of Appointment : |
11.03.1991 |
|
DIN No.: |
00231736 |
|
PAN No.: |
ADGPK5474P |
|
|
|
|
Name : |
Mr. Prem Chand Bansal |
|
Designation : |
Director |
|
Address : |
House No.609, Sector 3 A, Mandi Gobindgarh, – 147301, Punjab, India |
|
Date of Birth/Age : |
20.07.1940 |
|
Date of Appointment : |
02.07.1985 |
|
DIN No.: |
00542742 |
|
PAN No.: |
ABGPC2026S |
|
|
|
|
Name : |
Mr. Rajiv Kumar Bansal |
|
Designation : |
Director |
|
Address : |
House No.394, Sector 3 A, Mandi Gobindgarh, – 147301, Punjab, India |
|
Date of Birth/Age : |
14.07.1969 |
|
Date of Appointment : |
01.10.1990 |
|
DIN No.: |
00730063 |
|
PAN No.: |
ADGPK5477Q |
|
|
|
|
Name : |
Mr. Rajesh Kumar Bansal |
|
Designation : |
Director |
|
Address : |
Ward No.18, Mandi Gobindgarh, – 147301, |
|
Date of Birth/Age : |
19.01.1965 |
|
Date of Appointment : |
01.01.1990 |
|
DIN No.: |
00730111 |
|
PAN No.: |
ADGPK5475N |
|
|
|
|
Name : |
Mr. Sanjay Kumar Bansal |
|
Designation : |
Director |
|
Address : |
Ward No.18, Mandi Gobindgarh, – 147301, |
|
Date of Birth/Age : |
06.05.1971 |
|
Date of Appointment : |
01.07.1992 |
|
DIN No.: |
00730180 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Prem Chand Bansal |
|
13199 |
|
Raj Kumar Bansal |
|
18680 |
|
Ram Kumar Bansal |
|
2750 |
|
Rajesh Kumar Bansal |
|
9866 |
|
Sunil Kumar Bansal |
|
14580 |
|
Rajiv Kumar Bansal |
|
17120 |
|
Vijay Kumar Bansal |
|
11308 |
|
Prem Chand Bansal |
|
4000 |
|
Raj Kumar Bansal |
|
3950 |
|
Sheela Devi Bansal |
|
6000 |
|
Sunita Devi Bansal |
|
3500 |
|
Rekha Bansal |
|
10050 |
|
Maya Devi Bansal |
|
1100 |
|
Ram Gopal Bansal |
|
1500 |
|
Vijay Kumar Bansal |
|
1500 |
|
Rajesh Kumar Bansal |
|
1500 |
|
Bansal Rani Uma |
|
10900 |
|
Bansal Kumar Sanjay |
|
9250 |
|
Bansal Soni |
|
3000 |
|
Bansal Asha |
|
4000 |
|
Bansal Kavita |
|
50 |
|
Bansal Shailja |
|
15 |
|
Bansal Kumar Rajiv |
|
1500 |
|
TOTAL |
|
149318 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Importer of highly engineered components,
both alloy and non alloy castings and forgings. |
|
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|
Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Finished Goods |
|
Countries : |
·
Singapore ·
Korea ·
UK ·
Dubai ·
South Africa |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
·
Wholesalers · Retailers
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No. of Employees : |
Below 500 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Datta Singla and Company Chartered Accountant |
|
Address : |
#34, Sector 4D, Battan Lal Road, Mandi Gobindgarh – 147301, Punjab, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFD8577H |
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Memberships : |
-- |
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Collaborators : |
-- |
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Concerns of Key
Management Personnels: |
· Bansal Iron and Steel Rolling Mills · S.R. Ceramics and Enterprises ·
Bansal Ispat Udyog |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
650000 |
Equity Shares |
Rs.100/- each |
Rs. 65.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
149318 |
Equity Shares |
Rs.100/- each |
Rs. 14.932
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
14.932 |
14.932 |
14.932 |
|
(b) Reserves & Surplus |
420.094 |
403.138 |
368.576 |
|
(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) |
435.026 |
418.070 |
383.508 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
136.019 |
133.977 |
112.422 |
|
(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 |
1.581 |
1.195 |
0.894 |
|
Total
Non-current Liabilities (3) |
137.600 |
135.172 |
113.316 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
132.115 |
183.022 |
191.232 |
|
(b) Trade payables |
268.661 |
365.464 |
474.355 |
|
(c) Other current liabilities |
85.121 |
59.489 |
46.090 |
|
(d) Short-term provisions |
8.848 |
20.805 |
25.512 |
|
Total
Current Liabilities (4) |
494.745 |
628.780 |
737.189 |
|
|
|
|
|
|
TOTAL |
1067.371 |
1182.022 |
1234.013 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
46.595 |
|
(ii) Intangible Assets |
38.662 |
39.249 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
2.219 |
|
(iv) Intangible assets under
development |
36.568 |
2.219 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
1.427 |
0.973 |
0.373 |
|
(d) Long-term Loan and Advances |
333.364 |
331.234 |
298.709 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
410.021 |
373.675 |
347.896 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
351.034 |
456.402 |
379.689 |
|
(c) Trade receivables |
202.970 |
195.984 |
246.297 |
|
(d) Cash and cash equivalents |
66.443 |
84.282 |
160.129 |
|
(e) Short-term loans and
advances |
36.903 |
71.679 |
100.002 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
657.350 |
808.347 |
886.117 |
|
|
|
|
|
|
TOTAL |
1067.371 |
1182.022 |
1234.013 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
2764.925 (Turnover) |
|
|
Other Income |
|
|
NA |
|
|
TOTAL
|
2618.478 |
3034.785 |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
2548.227 |
2926.984 |
NA |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
70.251 |
107.801 |
116.290 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
36.755 |
37.734 |
27.641 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
33.496 |
70.067 |
88.649 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
7.577 |
8.141 |
9.027 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
25.919 |
61.926 |
79.622 |
|
|
|
|
|
|
|
Less |
TAX |
8.387 |
20.199 |
26.029 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
17.532 |
41.727 |
53.593 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
1904.723 |
1530.947 |
|
|
TOTAL
IMPORTS |
NA |
1904.723 |
1530.947 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
117.42 |
279.46 |
358.92 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.52 |
5.25 |
6.47 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
0.15 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.62 |
0.76 |
0.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.33 |
1.29 |
1.20 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
14.932 |
14.932 |
14.932 |
|
Reserves & Surplus |
368.576 |
403.138 |
420.094 |
|
Net
worth |
383.508 |
418.070 |
435.026 |
|
|
|
|
|
|
long-term borrowings |
112.422 |
133.977 |
136.019 |
|
Short term borrowings |
191.232 |
183.022 |
132.115 |
|
Total
borrowings |
303.654 |
316.999 |
268.134 |
|
Debt/Equity
ratio |
0.792 |
0.758 |
0.616 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
3034.785 |
2618.478 |
|
|
|
(13.718) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
3034.785 |
2618.478 |
|
Profit |
41.727 |
17.532 |
|
|
1.37% |
0.67% |
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 |
Yes |
|
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 |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
Yes |
LITIGATION DETAILS
|
PUNJAB & HARYANA HIGH COURT CASE STATUS INFORMATION SYSTEM Case Status : PENDING Status of CIVIL MISC 7853-CII of 2013 COMMISSIONER CENTRAL EXCISE COMMISSIONER Vs. M/S BANSAL ALLOYS & METALS P. LTD. Pet's Adv. : SUKHDEV SHARMA Last Listed On : No Date Mentioned List Type : NO LIST TYPE MENTIONED FIR No. : NO FIR DETAILS AVAILABLE / NOT A CRIMINAL CASE Complaint No. : NO COMPLAINT DETAILS AVAILABLE Category : NO CATEGORY MENTIONED :NO BENCH MENTIONED Last Hearing Detail 2 : NO BENCH MENTIONED
Case Updated on: Thursday, April 04, 2013 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from others |
99.074 |
102.647 |
|
Loans and advances from directors |
35.314 |
31.330 |
|
Total |
134.388 |
133.977 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10463184 |
05/10/2013 |
30,000,000.00 |
STATE BANK O PATIALA |
G T ROAD, MANDI GOBINDGARH, PUNJAB - 147301, INDIA |
B90715632 |
|
2 |
10246425 |
21/05/2011 * |
246,000,000.00 |
STATE BANK OF PATIALA |
G.T. ROAD, MAIN
BRANCH, MANDI GOBINDGARH, PUNJA |
B14479075 |
|
3 |
90172074 |
05/10/2013 * |
200,000,000.00 |
STATE BANK O PATIALA |
G T ROAD, MANDI GOBINDGARH, PUNJAB - 147301, INDIA |
B90715350 |
|
4 |
90169547 |
29/01/2011 * |
350,000,000.00 |
STATE BANK OF PATIALA |
G T ROAD, MANDI GOBINDGARH, PUNJAB - 147301, INDIA |
B06549737 |
|
5 |
80062320 |
16/06/2001 |
2,000,000.00 |
STATE BANK OF PATIALA |
G T ROAD, MANDI
GOBINDGARH, PUNJAB - 142009, IN |
- |
|
6 |
90168331 |
21/02/1990 |
4,000,000.00 |
STATE BANK OF PATIALA |
GOBINDGARH, GOBINDGARH, PUNJAB, INDIA |
- |
* Date of charge modification
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
Letter of Credit |
309.297 |
328.438 |
|
|
|
|
FIXED ASSETS
Tangible assets
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· 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 records 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.62.59 |
|
|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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 |
|
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.