MIRA INFORM REPORT
|
Report No. : |
317516 |
|
Report Date : |
14.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
MANTRI METALLICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
F 10-1, MIDC Industrial Estate, Shiroli, Kolhapur – 416122,
Maharashtra |
|
Tel. No.: |
91-230-2469065 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
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Date of
Incorporation : |
31.07.1995 |
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Com. Reg. No.: |
11-091232 |
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Capital
Investment / Paid-up Capital : |
Rs. 37.192 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28920PN1995PTC091232 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
KLPM01827A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM7851P |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importers of Cast Iron Automotive
Components. |
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|
No. of Employees
: |
5000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (24) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 and thin profitability margins of the company. Business is active. Payments are reported to be slow. The company can be considered for business dealings on safe and secured
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 |
ICRA |
|
Rating |
Term loan : C |
|
Rating Explanation |
Poor credit quality and limited prospects of recovery. |
|
Date |
October 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term non-fund based limits: A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
October 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. Sandeep Gurav |
|
Designation : |
Assistant Account Manager |
|
Contact No.: |
91-230-2469065 |
|
Date : |
14.04.2015 |
LOCATIONS
|
Registered Office / Factory 1 : |
F 10-1, MIDC Industrial Estate, Shiroli, Kolhapur – 416122,
Maharashtra, India |
|
Tel. No.: |
91-230-2469065/2469075 |
|
Mobile No.: |
91-9049006015 (Mr. Niteen Munde) |
|
Fax No.: |
91-230-2466164 |
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E-Mail : |
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Website : |
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Location : |
Owned |
|
Locality: |
Commercial |
|
|
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Factory 2 : |
Plot No. 31, Sector 11. I.I.E.-Sidcul, Tata Vendor Park, Rudrapur, U. S. Nagar, Pantnagar – 253153, Uttarakhand, India |
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|
|
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Factory 3 : |
Plot No. D5, Kagal Hatkangale Five Star Industrial Estate, P O Randivewadi, Taluka Kolhapur – 416236, Maharashtra, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Purushottam Kanhaiyalal Mantri |
|
Designation : |
Managing director |
|
Address : |
Venkatesh 45A, Shivaji Park, Kolhapur – 416001, Maharashtra, India |
|
Date of Birth/Age : |
03.04.1947 |
|
Date of Appointment : |
31.07.1995 |
|
DIN No.: |
00172526 |
|
PAN No.: |
AICPM7308P |
|
|
|
|
Name : |
Mr. Prasad Purushottam Mantri |
|
Designation : |
Director |
|
Address : |
Venkatesh 45A, Shivaji Park, Kolhapur – 416001, Maharashtra, India |
|
Date of Birth/Age : |
11.10.1978 |
|
Date of Appointment : |
01.12.2004 |
|
DIN No.: |
00172582 |
|
PAN No.: |
ABKPM4866D |
|
|
|
|
Name : |
Mr. Vijaykumar Madanlal Nawandhar |
|
Designation : |
Director |
|
Address : |
Pujari Plot No. 35, Narayani Vishrambaug, Sangli, Kolhapur – 416416, Maharashtra, India |
|
Date of Birth/Age : |
21.10.1958 |
|
Date of Appointment : |
26.04.2010 |
|
DIN No.: |
00218197 |
|
|
|
|
Name : |
Mr. Shaji Varghese |
|
Designation : |
Director |
|
Address : |
A 702, 7th Floor, Aster Evershine Park, Andheri, Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
15.12.1970 |
|
Date of Appointment : |
10.11.2010 |
|
DIN No.: |
03081298 |
|
|
|
|
Name : |
Mr. Ashok Sunderlal Mohatta |
|
Designation : |
Director |
|
Address : |
127 Daya Mandir Tambakata Road, 1st Floor, Mumbai – 400003, Maharashtra, India |
|
Date of Birth/Age : |
15.04.1955 |
|
Date of Appointment : |
24.04.2014 |
|
DIN No.: |
01111571 |
KEY EXECUTIVES
|
Name : |
Mr. Sandeep Gurav |
|
Designation : |
Assistant Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Prasad Purushottam Mantri |
|
1519077 |
|
Prasad Purushottam Mantri (HUF) |
|
24000 |
|
Sarala Purushottam Mantri |
|
199000 |
|
Pooja Purushottam Mantri |
|
7000 |
|
Prasad Purushottam Mantri |
|
498710 |
|
Sitaram Kanhaiyalal Mantri |
|
41000 |
|
Shruti Prasad Mantri |
|
203050 |
|
BTS Pricate Equity Fund Limited, Mauritius |
|
1227329 |
As on 28.10.2014
|
Names of Allottees |
|
No. of Shares |
|
Sarla Purushottam Mantri |
|
300000 |
|
Total |
|
300000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
33.00 |
|
Directors or relatives of Directors |
67.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Cast Iron Automotive Components. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Cast Iron Automotive Components |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Europe |
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Terms : |
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Selling : |
Credit (30,60 Days) |
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Purchasing : |
Credit (30,60 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
OEMs
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No. of Employees : |
5000 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institute : |
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Auditors : |
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|
Name : |
B B S R and Company Chartered Accountants |
|
Address : |
1st Floor Lodha Excelus, Apollo Mill Compound, N M Joshi Marg, Mahalaxmi, Mumbai, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAIFB0630K |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives: |
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Subsidiary company: |
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CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised Capital : Rs. 300.000 Million
Issued, Subscribed & Paid-up Capital : Rs. 67.192
Million
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Million |
|
2000000 |
Preference Shares |
Rs.100/- each |
Rs.200.000 Million |
|
|
Total |
|
Rs.300.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3719179 |
Equity Shares |
Rs.10/- each |
Rs.37.192 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 |
37.192 |
37.192 |
37.192 |
|
(b) Reserves & Surplus |
406.141 |
394.580 |
383.408 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
30.000 |
30.000 |
30.000 |
|
Total
Shareholders’ Funds (1) + (2) |
473.333 |
461.772 |
450.600 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
267.909 |
329.188 |
439.259 |
|
(b) Deferred tax liabilities
(Net) |
86.649 |
88.870 |
76.652 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
354.558 |
418.058 |
515.911 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
570.519 |
459.234 |
347.894 |
|
(b) Trade payables |
532.851 |
416.341 |
373.111 |
|
(c) Other current liabilities |
170.972 |
200.571 |
187.222 |
|
(d) Short-term provisions |
14.223 |
8.870 |
16.861 |
|
Total
Current Liabilities (4) |
1288.565 |
1085.016 |
925.088 |
|
|
|
|
|
|
TOTAL |
2116.456 |
1964.846 |
1891.599 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
|
|
(ii) Intangible Assets |
892.144 |
921.975 |
906.281 |
|
(iii) Capital work-in-progress |
2.380 |
1.829 |
2.343 |
|
(iv) Intangible assets under
development |
5.510 |
4.861 |
4.929 |
|
(b) Non-current Investments |
0.563 |
0.563 |
0.053 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
91.680 |
88.684 |
94.046 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
992.277 |
1017.912 |
1007.652 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
332.735 |
289.553 |
259.779 |
|
(c) Trade receivables |
488.628 |
494.901 |
495.450 |
|
(d) Cash and cash equivalents |
26.895 |
37.394 |
28.675 |
|
(e) Short-term loans and
advances |
272.742 |
120.637 |
97.548 |
|
(f) Other current assets |
3.179 |
4.449 |
2.495 |
|
Total
Current Assets |
1124.179 |
946.934 |
883.947 |
|
|
|
|
|
|
TOTAL |
2116.456 |
1964.846 |
1891.599 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
2809.128 |
2756.126 (Turnover) |
|
|
Other Income |
|
|
NA |
|
|
TOTAL
|
2503.643 |
2809.128 |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
(Including
Financial Expenses and Depreciation) |
(Including
Financial Expenses and Depreciation) |
NA |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
|
296.626 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
114.543 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
182.083 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
|
69.564 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
9.351 |
24.396 |
112.519 |
|
|
|
|
|
|
|
Less |
TAX |
(2.210) |
13.224 |
33.785 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
11.561 |
11.172 |
78.734 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
195.681 |
116.947 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
NA |
206.853 |
195.681 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
910.180 |
729.012 |
594.178 |
|
|
TOTAL
EARNINGS |
910.180 |
729.012 |
594.178 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
64.121 |
109.801 |
73.665 |
|
|
Components and Stores parts |
21.768 |
18.000 |
12.347 |
|
|
TOTAL
IMPORTS |
85.889 |
127.801 |
86.012 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
3.11 |
3.00 |
30.33 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
2250.000 (Due to market
Fluctuation) |
The above information has been parted by Mr. Sandeep Gurav
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
NA |
NA |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
NA |
10.76 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.44 |
1.25 |
5.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.05 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.77 |
1.71 |
1.75 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.87 |
0.87 |
0.96 |
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 |
37.192 |
37.192 |
37.192 |
|
Reserves & Surplus |
383.408 |
394.580 |
406.141 |
|
Share Application money pending allotment |
30.000 |
30.000 |
30.000 |
|
Net
worth |
450.600 |
461.772 |
473.333 |
|
|
|
|
|
|
long-term borrowings |
439.259 |
329.188 |
267.909 |
|
Short term borrowings |
347.894 |
459.234 |
570.519 |
|
Total
borrowings |
787.153 |
788.422 |
838.428 |
|
Debt/Equity
ratio |
1.747 |
1.707 |
1.771 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
2809.128 |
2503.643 |
|
|
(10.875) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
2809.128 |
2503.643 |
|
Profit |
11.172 |
11.561 |
|
|
0.40% |
0.46% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Million) |
||
|
Current maturities of long-term debt |
118.912 |
151.801 |
135.137
|
|
|
|
|
|
|
Total |
118.912 |
151.801 |
135.137
|
|
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% |
Yes |
|
14] |
Estimation for coming financial
year |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
OPERATIONS AND FUTURE
PROSPECTS
Directors are confident that the Company will continue to maintain its good services and Directors are optimistic for a bright future of the Company.
BACKGROUND
Subject was incorporated in 1995. MMPL manufactures cast iron automotive components like Flywheel Assemblies, Brake Drums, Exhaust Manifolds, Housings and Plates. The Company has three manufacturing plants at Shiroli, Kagal and Pantnagar.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Deferred sales tax loan |
9.410 |
11.678 |
|
Loans and advances from others |
29.360 |
47.004 |
|
Other loans and advances |
2.987 |
6.937 |
|
Short-term
borrowings |
|
|
|
Rupee term loans from others |
18.650 |
0.000 |
|
Total |
60.407 |
65.619 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10558884 |
23/03/2015 |
31,297,095.00 |
ELECTRONICA FINANCE LIMITED |
128/A, PLOT
NO.3,KAILASHCHANDRA APPARTMENTS, PAU |
C48951354 |
|
2 |
10523662 |
27/05/2014 |
10,409,287.00 |
INTEC CAPITAL LIMITED |
701,MANJUSHA, 57
NEHRU PLACE, NEW DELHI, DELHI - |
C25444654 |
|
3 |
10459931 |
31/10/2013 |
16,359,313.00 |
INTEC CAPITAL LIMITED |
701,MANJUSHA, 57
NEHRU PLACE, NEW DELHI, DELHI - |
B89432397 |
|
4 |
10354404 |
21/01/2011 |
100,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL ESTATE
BRANCH, SHIROLI MIDC, TAL-HATKA |
B33836727 |
|
5 |
10354407 |
21/01/2011 |
220,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL ESTATE
BRANCH, SHIROLI MIDC, TAL-HATKA |
B33837808 |
|
6 |
10215360 |
27/03/2010 |
20,879,783.00 |
ELECTRONICA FINANCE LIMITED |
128/A, PLOT
NO.3,KAILASHCHANDRA APPARTMENTS,, PAU |
A84118793 |
|
7 |
10113889 |
12/07/2008 |
76,000,000.00 |
STATE BANK OF INDIA |
SPECIAL SSI BRANCH,
M.I.D.C AREA, SHIROLI, KOLHAP |
A42287847 |
|
8 |
10189590 |
04/12/2014 * |
245,000,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
ONE FORBES,, DR. V.
B. GANDHI MARG, FORT, MUMBAI, |
C36220895 |
|
9 |
10082418 |
21/08/2007 |
8,300,000.00 |
STATE BANK OF INDIA |
MIDC INDUSTRIAL ESTATE
SHIROLI BRANCH,, SHIROLI,, |
A29790946 |
|
10 |
10088538 |
21/08/2007 |
8,600,000.00 |
STATE BANK OF INDIA |
MIDC INDUSTRIAL
ESTATE SHIROLI BRANCH,, SHIROLI,, |
A29790920 |
* Date of charge modification
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
Bank guarantees on behalf of Mantri Autocast, proprietary concern of Sarla Mantri, wife of Purushottam Mantri |
108.000 |
28.400 |
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
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.62.39 |
|
|
1 |
Rs.91.06 |
|
Euro |
1 |
Rs.66.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
24 |
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.