MIRA INFORM REPORT
|
Report No. : |
317164 |
|
Report Date : |
14.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
ORIENTAL CONTAINERS LIMITED (w.e.f. 17.05.2006) |
|
|
|
|
Formerly Known
As : |
ORICON PACKAGING LIMITED |
|
|
|
|
Registered
Office : |
1076, Dr. E. Moses Road, Worli , Mumbai – 400018, Maharashtra |
|
Tel. No.: |
91-22-24964656/60/2925581 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
13.02.2006 |
|
|
|
|
Com. Reg. No.: |
11-159687 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 108.208 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28992MH2006PLC159687 |
|
|
|
|
IEC No.: |
Not Avaliable |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMO04068B / MUMO03131C / BLRO00968C / BLRO00686A / BLRO00969D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACO8122G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of packaging caps
and seals, Bevseal, Ropp Caps, Hycrown and Swageseal twist off caps. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established
company having a fine track record. Financial position of the company seems to be decent. The rating takes into consideration established market position as the
leading closure (metal and plastic) manufacturer in India. Trade relations are reported to be fair. Business is active. Payments
terms are reported to be regular and
as per commitement. The company can be considered for normal 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL RATING |
|
Rating |
Long Term Rating = BBB+ |
|
Rating Explanation |
Have moderate degree of safety and
carry moderate credit risk. |
|
Date |
March 20, 2015 |
|
Rating Agency Name |
CRISIL RATING |
|
Rating |
Short Term Rating = A2 |
|
Rating Explanation |
Have strong degree of safety and carry low credit risk. |
|
Date |
March 20, 2015 |
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. Virendra Malpani |
|
Designation : |
Account Manager |
|
Contact No.: |
91-22-24964656 |
|
Date : |
11.04.2015 |
LOCATIONS
|
Registered Office : |
1076, Dr. E. Moses Road, Worli , Mumbai – 400018, Maharashtra, India |
|
Tel. No.: |
91-22-249656/60/2925581 |
|
Fax No.: |
91-22-24963055/24950314 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Plot No. 327 - 332, Kundiam Industrial Estate, Kundiam, Goa – 403115,
India |
|
|
|
|
Factory 2 : |
A-1, MIDC, Industrial Area, Murbad, District - Thane, Maharashtra,
India |
DIRECTORS
AS ON 11.09.2014
|
Name : |
Mr. Richard Foyston |
|
Designation : |
Director |
|
Address : |
76, Lorong Setiabstari, Damansara Heights, Kualalumpur – 50490,
Malaysia |
|
Date of Birth/Age : |
14.01.1958 |
|
Qualification : |
B Com, MBA, Canadian CA |
|
Date of Appointment : |
27.09.2006 |
|
DIN No.: |
01089445 |
|
|
|
|
Name : |
Mr. Bruno Seghin |
|
Designation : |
Director |
|
Address : |
Apt A 1, River Apartment, 4 South Bay Road, Repulse Road, Hongkong |
|
Date of Birth/Age : |
07.05.1957 |
|
Qualification : |
Law and MBA |
|
Date of Appointment : |
27.09.2006 |
|
DIN No.: |
00740866 |
|
|
|
|
Name : |
Mr. Rajendra Somani |
|
Designation : |
Managing Director |
|
Address : |
Sreeninetan 5th Floor, 86-A, |
|
Date of Birth/Age : |
18.02.1948 |
|
Qualification : |
Mechanical Engineer |
|
Date of Appointment : |
13.02.2006 |
|
PAN No.: |
AACPS9645M |
|
DIN No.: |
00332465 |
|
|
|
|
Name : |
Mr. Balkishan Udairam Toshniwal |
|
Designation : |
Whole Time Director |
|
Address : |
G -5, Satyanaryan Bhavan, Dr. R G Thadani Marg, Worli, Mumbai –
400018, Maharashtra, India |
|
Date of Birth/Age : |
22.01.1951 |
|
Qualification : |
BCOM, FCS |
|
Date of Appointment : |
13.02.2006 |
|
PAN No.: |
AABPT4902D |
|
DIN No.: |
00048019 |
|
|
|
|
Name : |
Mr. Rajendran Ayadurai |
|
Designation : |
Director |
|
Address : |
BA, 13A – 2, Mont Kiara 10, Ajalan Kiara – I, Kualalumpur – 50480,
Malaysia |
|
Date of Birth/Age : |
23.09.1961 |
|
Qualification : |
MBA |
|
Date of Appointment : |
16.01.2008 |
|
DIN No.: |
02032283 |
|
|
|
|
Name : |
Mr. Shrikant Malpani |
|
Designation : |
Executive Director |
|
Address : |
B-501, Osho Tower Osho, Dhara Residency, Kalyan (West), Thane –
421301, Maharashtra, India |
|
Date of Birth/Age : |
02.10.1970 |
|
Qualification : |
BE Mechanical engineer |
|
Date of Appointment : |
15.10.2012 |
|
PAN No.: |
ALAPM5627Q |
|
DIN No.: |
06404428 |
|
|
|
|
Name : |
Mr. Sudeep Singh |
|
Designation : |
Director |
|
Address : |
S-1, Raj Garden, Khadpaband, Ponda – 403401, Goa, India |
|
Date of Birth/Age : |
17.03.1964 |
|
Qualification : |
Post Graduate Plastic Engineer |
|
Date of Appointment : |
15.10.2012 |
|
PAN No.: |
AHCPS2178L |
|
DIN No.: |
06404439 |
KEY EXECUTIVES
|
Name : |
Mr. Virendra Malpani |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 11.09.2014
|
Names of Shareholders |
No. of Shares |
|
Oricon Enterprises Limited, India |
3246186 |
|
Rajendra Somani |
1 |
|
Surendra Somani |
1 |
|
V.N. Khanna |
1 |
|
B.K. Toshniwal |
1 |
|
Sanjay Jain |
1 |
|
B.M. Gaggar |
1 |
|
OC Holdings Limited, Mauritius |
7574644 |
|
|
|
|
TOTAL
|
10820836 |
AS ON 11.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
70.00 |
|
Bodies corporate |
30.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of packaging caps
and seals, Bevseal, Ropp Caps, Hycrown and Swageseal twist off caps. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
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|
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Agencies Held : |
Not Available |
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Exports : |
|
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Products : |
Plastic Industries |
|
Countries : |
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|
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Imports : |
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|
Products : |
Raw Material |
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Countries : |
|
|
|
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Terms : |
|
|
Selling : |
Cash and Credit (30/60/90 Days) |
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|
|
|
Purchasing : |
Cash and Credit (30/60/90 Days) |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
500 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
BSR and Company Chartered Accountants |
|
Address : |
Lodha Excelus, 1st Floor Apollo Mills Compound N M Joshi Marg Mahalaxmi Mumbai- 400011, Maharashtra, India |
|
PAN No.: |
AAIFB0630K |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Holding Company : |
OC Holdings Limited |
|
|
|
|
Joint Veunture : |
Oricon Enterprises Limited |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are
partners with Key management personnel and their
relatives : |
Shinrai Auto Services Limited |
CAPITAL STRUCTURE
AS ON 11.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25000000 |
Equity Shares |
Rs. 10/- each |
Rs. 250.000 Million |
|
75000000 |
Preference Shares |
Rs. 10/- each |
Rs. 750.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 1000.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10820836 |
Equity Shares |
Rs. 10/-
each |
Rs. 108.208
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 |
108.208 |
108.208 |
108.208 |
|
(b) Reserves & Surplus |
1293.588 |
1257.572 |
1231.231 |
|
(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) |
1401.796 |
1365.780 |
1339.439 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
400.089 |
297.291 |
307.485 |
|
(b) Deferred tax liabilities (Net) |
147.897 |
140.884 |
127.641 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
55.208 |
43.173 |
33.969 |
|
Total Non-current
Liabilities (3) |
603.194 |
481.348 |
469.095 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
621.972 |
783.064 |
550.474 |
|
(b) Trade
payables |
532.929 |
484.087 |
336.997 |
|
(c) Other
current liabilities |
79.596 |
178.189 |
131.202 |
|
(d) Short-term
provisions |
24.196 |
16.702 |
17.515 |
|
Total Current
Liabilities (4) |
1258.693 |
1462.042 |
1036.188 |
|
|
|
|
|
|
TOTAL |
3263.683 |
3309.170 |
2844.722 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1682.904 |
1712.594 |
1553.224 |
|
(ii)
Intangible Assets |
5.455 |
7.357 |
9.258 |
|
(iii) Capital
work-in-progress |
76.143 |
12.790 |
8.477 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
74.034 |
88.597 |
15.282 |
|
(e) Other
Non-current assets |
0.156 |
0.430 |
0.000 |
|
Total Non-Current
Assets |
1838.692 |
1821.768 |
1586.241 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
654.936 |
599.328 |
465.181 |
|
(c) Trade
receivables |
615.749 |
721.061 |
596.682 |
|
(d) Cash
and cash equivalents |
1.974 |
42.643 |
26.794 |
|
(e)
Short-term loans and advances |
152.332 |
124.370 |
169.824 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1424.991 |
1487.402 |
1258.481 |
|
|
|
|
|
|
TOTAL |
3263.683 |
3309.170 |
2844.722 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3109.301 |
3018.080 |
2798.150 |
|
|
|
Other Income |
5.816 |
13.679 |
30.953 |
|
|
|
TOTAL (A) |
3115.117 |
3031.759 |
2829.103 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
2031.852 |
2000.268 |
1887.882 |
|
|
|
Purchases of Stock-in-Trade |
9.057 |
0.112 |
1.209 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(76.183) |
0.053 |
(51.383) |
|
|
|
Employees benefits expense |
263.337 |
235.464 |
187.029 |
|
|
|
Other expenses |
572.239 |
525.176 |
489.933 |
|
|
|
TOTAL (B) |
2800.302 |
2761.073 |
2514.670 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
314.815 |
270.686 |
314.433 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
88.930 |
75.011 |
74.587 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
225.885 |
195.675 |
239.846 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
167.290 |
150.585 |
134.113 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
58.595 |
45.090 |
105.733 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
22.580 |
18.750 |
38.616 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
36.015 |
26.340 |
67.117 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
314.528 |
288.188 |
221.071 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
350.543 |
314.528 |
288.188 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
3.33 |
2.43 |
6.20 |
|
Expected Sales (2014-15): Rs. 3200.000 Million
The above information has been parted by Mr. Virendra Malpani (Account
Manager).
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
1.16
|
9.55 |
2.40 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
10.12
|
8.97 |
11.24 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.84 |
1.37 |
3.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.03 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debts/Networth) |
|
0.73 |
0.79 |
0.64 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13 |
1.02 |
1.21 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
108.208 |
108.208 |
108.208 |
|
Reserves & Surplus |
1231.231 |
1257.572 |
1293.588 |
|
Net
worth |
1339.439 |
1365.780 |
1401.796 |
|
|
|
|
|
|
long-term borrowings |
307.485 |
297.291 |
400.089 |
|
Short term borrowings |
550.474 |
783.064 |
621.972 |
|
Total
borrowings |
857.959 |
1080.355 |
1022.061 |
|
Debt/Equity
ratio |
0.641 |
0.791 |
0.729 |
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) |
|
Sales |
2798.150 |
3018.080 |
3109.301 |
|
|
|
7.860 |
3.022 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
2798.150 |
3018.080 |
3109.301 |
|
Profit |
67.117 |
26.340 |
36.015 |
|
|
2.40% |
0.87% |
1.16% |
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 |
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 |
---- |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
FINANCIAL
PERFORMANCE:
The Net sales and other income for the year were Rs. 3115.100 million as against Rs. 3031.700 million in the previous financial year. The net profit for the year is Rs.36.000 million as against Rs. 26.300 million in the previous financial year.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10545077 |
15/01/2015 |
375,000.00 |
PUNJAB NATIONAL BANK |
Ready Money Terrace,
Dr Annie Besant Road, Worli Maharashtra - 400018, INDIA |
C41446493 |
|
2 |
10390964 |
22/10/2014 * |
250,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra - 400051, INDIA |
C33448317 |
|
3 |
10317181 |
20/10/2011 |
700,000.00 |
PUNJAB NATIONAL BANK |
SHIV E NUMB, DR
ANNIE BESANT ROAD, WORLI, MUMBAI, INDIA |
B25128489 |
|
4 |
10201727 |
07/01/2011 * |
100,000,000.00 |
PUNJAB NATIONAL BANK |
DR ANNIE BESANT ROAD, WORLI, MUMBAI, Maharashtra - 400018, INDIA |
B04744066 |
|
5 |
10134684 |
01/08/2014 * |
1,200,000,000.00 |
CENTRAL BANK OF INDIA |
CORPORATE FINANCE BRANCH,
MMO BUILDING, 1ST FLOOR INDIA |
C15647290 |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Factory
Buildings
- Plant and
Equipments
- Furniture and
Fixture
- Vehicles
- Office
Equipments
- Computers
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. 62.39 |
|
|
1 |
Rs. 91.06 |
|
Euro |
1 |
Rs. 66.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
52 |
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.