MIRA INFORM REPORT
|
Report No. : |
316568 |
|
Report Date : |
07.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
TBEA ENERGY (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
"TBEA Green Energy Park", National Highway No. 8, Village: Miyagam,
Karjan – 391440, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
07.07.2010 |
|
|
|
|
Com. Reg. No.: |
04-071817 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 3099.279 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40104GJ2010PTC071817 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDT01831E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCT5210F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Trader and Importer of high voltage transformers and cold rolled grain oriented steels. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
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|
|
Comments : |
Subject is an established company having moderate track record. The rating is constrained on account of company’s moderate financial
risk profile marked by below average financial performance and huge accumulated
losses incurred by the company. However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealing with some caution. |
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 |
CARE |
|
Rating |
Long term bank facilities : BBB- |
|
Rating Explanation |
Moderate credit quality and average credit
risk. |
|
Date |
12.09.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities : A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
12.09.2014 |
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
|
Name : |
Mr. Gautam Patani |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-2666-660162 |
|
Date : |
07.04.2015 |
LOCATIONS
|
Registered Office : |
"TBEA Green Energy Park", National Highway No. 8, Village:
Miyagam, Karjan – 391440, Gujarat, India |
|
Tel. No.: |
91-2666-660000/ 162 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Site Office : |
Survey No. 742, 749, 750 and 751, National Highway 8, Besides Jindal Rail
Infrastructure Limited, Miyagam, Karjan, Vadodara – 391440, Gujarat, India |
|
|
|
|
Marketing Office : |
1002, Wing A, Singnature Towers, South City-I, Gurgaon – 122001,
Haryana, India |
|
Tel. No.: |
91-124-4988400 |
|
Fax No.: |
91-124-4988431 |
|
|
|
|
Regional Head Offices : |
Located at: ·
Mumbai ·
Chennai ·
Gurgaon ·
Kolkata |
DIRECTORS
As on 30.09.2014
|
Name : |
Yong Leng |
|
Designation : |
Managing director |
|
Address : |
C-1048, Sushant Lok-1, Gurgaon – 122001, Haryana, India |
|
Date of Appointment : |
08.12.2011 |
|
DIN No.: |
05140650 |
|
|
|
|
Name : |
Zhijin Chen |
|
Designation : |
Director |
|
Address : |
House No. 936, Sector 40, Gurgaon – 122001, Haryana, India |
|
Date of Appointment : |
01.10.2010 |
|
DIN No.: |
03271793 |
|
|
|
|
Name : |
Mr. Gopal Krishan Gupta |
|
Designation : |
Director |
|
Address : |
53-54, Vikas Nagar, Old Padra Road, Vadodara -390020, Gujarat,
India |
|
Date of Birth/Age : |
05.07.1957 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
06626534 |
|
|
|
|
Name : |
Wei Liu |
|
Designation : |
Director |
|
Address : |
1-7-1, No. 9-3, Tangzi Street, Dadong District, Shenyang |
|
Date of Birth/Age : |
13.10.1981 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
06694746 |
KEY EXECUTIVES
|
Name : |
Asir Deepak Desai |
|
Designation : |
Secretary |
|
Address : |
2/A, Udyognagar Society, O/s Panigate, Vadodara – 380019, Gujarat,
India |
|
Date of Birth/Age : |
|
|
Date of Appointment : |
02.09.2014 |
|
PAN No.: |
BAOPD0976P |
|
|
|
|
Name : |
Mr. Gautam |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Tbea Shenyang Transformer Group Company Limited, China |
309917874 |
|
Zhang Xin |
10000 |
|
Total |
309927874 |
As on 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
100.00 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20316568%2007-Apr-2015_files/image014.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturer,
Trader and Importer of high voltage transformers and cold rolled grain
oriented steels. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
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|
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|
Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
|
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
500 (Approximately) |
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Bankers : |
· ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India
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Facilities : |
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
SNK and Company Chartered Accountants |
|
Address : |
'SNK House' 31-A, Adarsh
Society, Opposite Seventh Day Adventist High School, Atwalines, Surat – 395001,
Gujarat, India |
|
Tel. No.: |
91-261-2656273-4/ 3299540-7 |
|
Fax No.: |
91-261-2656868 |
|
E-Mail : |
|
|
Website : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAJFS8455L |
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|
|
|
Holding Company : |
TBEA Shenyang Transformer Group Company Limited |
|
|
|
|
Subsidiary Company : |
TBEA (India) Trading Private Limited CIN No.: U51103GJ2012PTC071903 |
|
|
|
|
Associates : |
·
TBEA
Koncar (Shenyang) Instrument Transformer Company Limited ·
TBEA Shanghai
Zonfa E Power EHV Equipment Company Limited ·
TBEA Shenyang
Morden logistic and International Trade Company Limited ·
TBEA
USA Corporation |
|
|
|
|
Employee Fund : |
Employees Group Gratuity-cum-Life Assurance Scheme |
CAPITAL STRUCTURE
After 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 5000.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
309,927,874 |
Equity Shares |
Rs. 10/- each |
Rs. 3099.279 Million |
|
|
|
|
|
AS ON 31.03.2014
Authorised Capital : Rs. 5600.000 Million
Issued, Subscribed & Paid-up Capital : Rs. 5566.925
Million
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 |
3099.279 |
2968.055 |
876.879 |
|
(b) Reserves & Surplus |
(317.483) |
(86.246) |
0.088 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
32.071 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
2781.796 |
2913.880 |
876.967 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3298.125 |
1447.791 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
6.387 |
2.696 |
0.328 |
|
(c)
Other long term liabilities |
1.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
3305.512 |
1450.487 |
0.328 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
86.747 |
0.000 |
0.000 |
|
(b)
Trade payables |
2024.011 |
220.760 |
10.602 |
|
(c)
Other current liabilities |
1561.517 |
67.218 |
3.276 |
|
(d)
Short-term provisions |
159.472 |
9.411 |
2.634 |
|
Total
Current Liabilities (4) |
3831.747 |
297.389 |
16.512 |
|
|
|
|
|
|
TOTAL |
9919.055 |
4661.756 |
893.807 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1040.992 |
883.343 |
805.229 |
|
(ii)
Intangible Assets |
5.160 |
3.420 |
0.000 |
|
(iii)
Capital work-in-progress |
6896.333 |
2111.429 |
57.083 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.100 |
0.100 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
46.804 |
36.950 |
6.284 |
|
(e)
Other Non-current assets |
27.430 |
27.692 |
0.035 |
|
Total
Non-Current Assets |
8016.819 |
3062.934 |
868.631 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
757.683 |
82.744 |
0.000 |
|
(c)
Trade receivables |
498.183 |
37.444 |
3.620 |
|
(d)
Cash and cash equivalents |
187.273 |
138.928 |
4.053 |
|
(e)
Short-term loans and advances |
252.186 |
1337.656 |
16.926 |
|
(f)
Other current assets |
206.911 |
2.050 |
0.577 |
|
Total
Current Assets |
1902.236 |
1598.822 |
25.176 |
|
|
|
|
|
|
TOTAL |
9919.055 |
4661.756 |
893.807 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1200.820 |
36.039 |
0.805 |
|
|
|
Other Income |
6.935 |
24.196 |
0.087 |
|
|
|
TOTAL (A) |
1207.755 |
60.235 |
0.892 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials |
778.543 |
21.076 |
|
|
|
|
Purchases of Traded Goods |
358.055 |
95.426 |
|
|
|
|
Changes in Inventories of Traded Goods |
42.266 |
(82.744) |
|
|
|
|
Employee Benefit Expenses |
47.359 |
0.396 |
|
|
|
|
Other Expenses |
190.941 |
106.698 |
|
|
|
|
TOTAL (B) |
1417.164 |
140.852 |
0.012 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(209.409) |
(80.617) |
0.880 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
11.293 |
0.366 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(220.702) |
(80.983) |
0.880 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.843 |
2.983 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(227.545) |
(83.966) |
0.880 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.692 |
2.368 |
0.483 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
(231.237) |
(86.334) |
0.397 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
6.526 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Traded Goods |
142.564 |
95.426 |
0.000 |
|
|
|
Advance for Capital Goods |
319.452 |
1212.739 |
9.970 |
|
|
TOTAL IMPORTS |
462.016 |
1308.165 |
9.970 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(0.75) |
(0.46) |
0.005 |
|
%20PRIVATE%20LIMITED%20-%20316568%2007-Apr-2015_files/image003.gif){kind=small}
Excepted Sales (2014-2015): Rs. 1500.000 Million
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(19.26) |
(239.56) |
49.32 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
(17.44) |
(223.69) |
109.32 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(7.53) |
(3.29) |
0.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.08) |
(0.03) |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.22 |
0.50 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.50 |
5.38 |
1.52 |
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 |
876.879 |
2968.055 |
3099.279 |
|
Reserves & Surplus |
0.088 |
-86.246 |
-317.483 |
|
Share Application money
pending allotment |
0.000 |
32.071 |
0.000 |
|
Net
worth |
876.967 |
2913.880 |
2781.796 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
1447.791 |
3298.125 |
|
Short term borrowings |
0.000 |
0.000 |
86.747 |
|
Total
borrowings |
0.000 |
1447.791 |
3384.872 |
|
Debt/Equity
ratio |
0.000 |
0.497 |
1.217 |
%20PRIVATE%20LIMITED%20-%20316568%2007-Apr-2015_files/image016.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
0.805 |
36.039 |
1200.820 |
|
|
|
4,376.894 |
3,232.001 |
%20PRIVATE%20LIMITED%20-%20316568%2007-Apr-2015_files/image018.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
0.805 |
36.039 |
1200.820 |
|
Profit/ (Loss) |
0.397 |
(86.334) |
(231.237) |
|
|
49.32% |
(239.56%) |
(19.26%) |
%20PRIVATE%20LIMITED%20-%20316568%2007-Apr-2015_files/image020.gif)
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER
(SRN) |
|
1 |
10527521 |
17/10/2014 |
2,717,500,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, MARBLE ARCH
BUILDING, RACE COURSE, VADODARA, GUJARAT
- 390007, INDIA |
C30986756 |
|
2 |
10524887 |
26/09/2014 |
2,717,500,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, MARBLE ARCH,,
RACE COU |
C28603694 |
|
3 |
10503995 |
28/05/2014 |
510,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING
CORPORATION LIMI |
MARADIA PLAZA, C.G.ROAD, AHMEDABAD, GUJARAT
- 380006, INDIA |
C07208937 |
|
4 |
10484473 |
10/03/2014 |
300,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER
PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA |
C00330571 |
|
5 |
10462591 |
06/05/2014 * |
550,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI,
BARODA, GUJARAT - 390015, INDIA |
C04732210 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Tbea Shenyang Transformer Group Company Limited (ECB) |
3298.125 |
1447.791 |
|
Total |
3298.125 |
1447.791 |
|
NOTE: The Company has
availed ECB Loan equivalent to US$ 54913834 from TBEA Shenyang Transformer
Group Company Limited (its holding company), which carries interest calculated
at LlBOR + 5%. Interest becomes due as on December 31 every year and is
payable within 30 days. The said ECB can be utilised by the company for
setting-up factory in India and for the purpose of acquiring capital goods
required for establishing manufacturing facility. Maximum ECB loan is
restricted to US$ 57,000,000. The said ECB is repayable after 5 year of respective receipt of
instalment, as per the mutually agreed repayable date and entire ECB is
repayable not later than December 31, 2020. |
||
CHANGE OF ADDRESS:
The Registered office of the company has been shifted from X-17, Hauz
Khas, New Delhi – 110016, India to the present address w.e.f.16.08.2012.
CORPORATE INFORMATION
The Company is in the
process of establishing its manufacturing facility of production of high
voltage transformers and shunt reactors at Village Karjan, Near Vadodara,
Gujarat.
During the
reporting period, the company had undertaken trading of Cold Rolled Grain
Oriented steels, commonly known as CRGO and has also carried out erection and installations
of shunt reactors and transformers.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
|
|
|
|
Bank Guarantee |
209.182 |
29.371 |
|
|
|
|
FIXED ASSETS:
· Freehold Land
· Computer Equipment
· Furniture and Fixture
· Office Equipment
· Plant and Machinery
· Temporary Building
· Vehicles
·
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..16 |
|
|
1 |
Rs. 92.73 |
|
Euro |
1 |
Rs. 68.23 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
4This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is c4alculated
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.