MIRA INFORM REPORT
|
Report No. : |
317734 |
|
Report Date : |
27.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
SUPER INDUSTRIAL LINING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Block No. 1401 A and B, Mahali Talav, Behind Elysium Pharma, Luna
Patiya, Village; Dabasa, Padra Jambusar Road, Padra, Baroda – 391440, Gujarat |
|
Tel. No.: |
91-2662-222035 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
25.04.2008 |
|
|
|
|
Com. Reg. No.: |
04-053699 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 20.002 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74900GJ2008PTC053699
|
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDS06960C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AALCS8879B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Industrial Lining Products and Pipeline Components |
|
|
|
|
No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 98000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Reserves of the company seem to be low during 2014. However, trade relations are reported to be fair. Business is active.
Payment terms are reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
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 |
BB- (Long Term Bank Facilities) (Withdraw) |
|
Rating Explanation |
Have inadequate credit quality and high credit risk. |
|
Date |
17.12.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
A4 (Short Term Bank Facilities) (Withdraw) |
|
Rating Explanation |
Have minimal degree of safety and carry very high credit risk. |
|
Date |
17.12.2014 |
Reason for withdraw : Care has withdrawn the ratings assigned to Super
Industrial Lining Private Limited with immediate effect, at the request of the
firm and on account of the outstanding amounts against the bank facilities
availed by the firm, falling below the these hold for external ratings.
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. Shashank |
|
Designation : |
Marketing Manager |
|
Contact No.: |
91-9687615806 |
|
Date : |
25.04.2015 |
LOCATIONS
|
Registered Office / Factory : |
Block No. 1401 A and B, Mahali Talav, Behind Elysium Pharma, Luna
Patiya, Village;Dabasa, Padra Jambusar Road, Padra, Baroda – 391440, Gujarat,
India |
|
Tel. No.: |
91-2662-222035 / 6 / 7 |
|
Mobile No.: |
91-9687615806 (Mr. Shashank) |
|
Fax No.: |
91-2662-222038 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
300000 sq. ft |
|
Location : |
Owned |
|
|
|
|
Correspondence Office : |
E-72, Sardar Estate, |
|
Tel No : |
91-265-2512088 / 2511271 / 2514633 |
|
Fax No : |
91-265-2570150 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Naresh Vijay Kumar Goyal |
|
Designation : |
Director |
|
Address : |
B-30, Shivashrya Housing Complex, |
|
Date of Birth/Age : |
15.04.1958 |
|
Date of Appointment : |
25.04.2008 |
|
PAN No.: |
ACKPG9040N |
|
DIN No.: |
00139277 |
|
Other Directorship: |
|
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of appointment
at current designation |
Original date of
appointment |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U74999GJ1995PTC025900 |
SUPER SCIENTIFIC
WORKS PRIVATE LIMITED |
Whole-time
director |
16/05/1995 |
16/05/1995 |
Active |
NO |
|
2 |
U24231GJ1988PTC011652 |
CHEMCON
SPECIALITY CHEMICALS PRIVATE LIMITED |
Whole-time
director |
19/01/2004 |
19/01/2004 |
Active |
NO |
|
3 |
U26101GJ2006PLC047753 |
GOEL GLASS
INTERNATIONAL LIMITED |
Whole-time
director |
16/02/2006 |
16/02/2006 |
Strike off |
NO |
|
4 |
U45200GJ2006PTC049305 |
KANA REAL ESTATE
PRIVATE LIMITED |
Director |
07/11/2006 |
07/11/2006 |
Active |
NO |
|
5 |
U24239GJ2008PTC053060 |
CHEMCON PHARMA
CHEM PRIVATE LIMITED |
Director |
26/02/2008 |
26/02/2008 |
Active |
NO |
|
6 |
U74900GJ2008PTC053699 |
SUPER INDUSTRIAL
LINING PRIVATE LIMITED |
Director |
25/04/2008 |
25/04/2008 |
Active |
NO |
|
7 |
L24200GJ1992PLC017316 |
OVERSEAS
SYNTHETICS LIMITED |
Director |
30/10/2012 |
30/10/2012 |
Active |
NO |
|
8 |
U17122GJ2015PTC082298 |
SUPERTECH
FABRICS PRIVATE LIMITED |
Director |
17/02/2015 |
17/02/2015 |
Active |
NO |
|
Name : |
Mr. Avnesh Sudesh Goyel |
|
Designation : |
Director |
|
Address : |
G-14, Chandra Nagar Society, |
|
Date of Birth/Age : |
30.10.1983 |
|
Date of Appointment : |
01.08.2008 |
|
DIN No.: |
02201652 |
|
Other Directorship: |
|
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of appointment
at current designation |
Original date of
appointment |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U74900GJ2008PTC053699 |
SUPER INDUSTRIAL
LINING PRIVATE LIMITED |
Director |
01/08/2008 |
01/08/2008 |
Active |
NO |
|
2 |
U74999GJ1995PTC025900 |
SUPER SCIENTIFIC
WORKS PRIVATE LIMITED |
Director |
23/05/2014 |
23/05/2014 |
Active |
NO |
|
Name : |
Mr. Navdeep Naresh Goyal |
|
Designation : |
Director |
|
Address : |
Navdeep Bunglow, Near Shreepark Society, B/H Avkar Mall Karelibaug,
Vadodara - 390018, |
|
Date of Birth/Age : |
08.05.1990 |
|
Date of Appointment : |
25.03.2009 |
|
PAN No.: |
AQPPG5045C |
|
DIN No.: |
02604876 |
|
Other Directorship: |
|
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U74900GJ2008PTC053699 |
SUPER INDUSTRIAL
LINING PRIVATE LIMITED |
Director |
25/03/2009 |
25/03/2009 |
Active |
NO |
|
2 |
U17122GJ2015PTC082298 |
SUPERTECH
FABRICS PRIVATE LIMITED |
Director |
17/02/2015 |
17/02/2015 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Shashank |
|
Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Naresh Vijaykumar Goyal |
688460 |
|
Navdeep Goyal |
5000 |
|
Shubrangana Goyal |
300000 |
|
Puja Shah |
80000 |
|
Parul Goyal |
100000 |
|
Sudesh Goyal |
220000 |
|
Anita Goyal |
20000 |
|
Sudesh Goyal – HUF |
566540 |
|
Suresh Goyal |
20000 |
|
S C Bishnoi |
100 |
|
Kamlesh Bishnoi |
100 |
|
TOTAL |
2000200 |
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 : |
Manufacturing of Industrial Lining Products and Pipeline Components |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
Saudi Arabia UAE South Africa Malaysia |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit (30 Days) |
|
|
|
|
Purchasing : |
Cash, Credit (30 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
70 (Approximately) |
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Bankers : |
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Facilities : |
|
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
R.C Thakkar and Associates Chartered Accountants |
|
Address : |
432,Paradise Complex,Near Kala Ghoda, Sayajigunj, Vadodara – 390005, Gujarat,
India |
|
Tel. No.: |
91- 265-2362255 |
|
Fax No.: |
91- 265-2363465 |
|
E-Mail : |
|
|
PAN No.: |
AXXPT1002E |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs. 25.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000200 |
Equity Shares |
Rs.10/- each |
Rs. 20.002
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 |
20.002 |
20.002 |
20.002 |
|
(b) Reserves & Surplus |
14.444 |
9.212 |
5.930 |
|
(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) |
34.446 |
29.214 |
25.932 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.613 |
2.000 |
5.005 |
|
(b) Deferred tax liabilities
(Net) |
1.073 |
1.252 |
1.224 |
|
(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) |
1.686 |
3.252 |
6.229 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
70.348 |
54.305 |
36.564 |
|
(b) Trade payables |
20.598 |
14.411 |
20.059 |
|
(c) Other current liabilities |
8.638 |
4.863 |
5.450 |
|
(d) Short-term provisions |
0.619 |
0.525 |
0.440 |
|
Total
Current Liabilities (4) |
100.203 |
74.104 |
62.513 |
|
|
|
|
|
|
TOTAL |
136.335 |
106.570 |
94.674 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
50.401 |
44.968 |
44.971 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(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 |
0.559 |
0.559 |
0.549 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
50.960 |
45.527 |
45.520 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
42.934 |
40.540 |
25.086 |
|
(c) Trade receivables |
22.846 |
15.837 |
19.950 |
|
(d) Cash and cash equivalents |
4.308 |
0.855 |
0.832 |
|
(e) Short-term loans and
advances |
15.287 |
3.811 |
3.286 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
85.375 |
61.043 |
49.154 |
|
|
|
|
|
|
TOTAL |
136.335 |
106.570 |
94.674 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
118.677 |
106.983 |
|
|
|
Other Income |
1.986 |
0.690 |
|
|
|
TOTAL
(A) |
120.663 |
107.673 |
113.187 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Material Consumed |
75.585 |
63.348 |
|
|
|
Purchases of Stock-in-Trade |
7.987 |
10.960 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(6.690) |
(4.010) |
[Including
Depreciation |
|
|
Employees benefits expense |
9.827 |
8.533 |
and |
|
|
Other expenses |
13.837 |
11.401 |
Financial] |
|
|
TOTAL
(B) |
100.546 |
90.232 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (C) |
20.117 |
17.441 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.923 |
6.813 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
13.194 |
10.628 |
|
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
5.890 |
5.855 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
7.304 |
4.773 |
5.270 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
2.072 |
1.492 |
1.652 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
5.232 |
3.281 |
3.618 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Exports |
43.409 |
0.579 |
0.493 |
|
|
TOTAL
EARNINGS |
43.409 |
0.579 |
0.493 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
4.67 |
2.93 |
1.81 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
140.000 |
The above information has been parted by Mr. Hiren.
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
Net Profit Margin |
(%) |
4.41 |
3.07 |
NA |
|
|
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
16.95 |
16.30 |
NA |
|
|
|
|
|
|
|
|
|
Return on Total Assets |
(%) |
5.36 |
4.48 |
5.57 |
|
|
|
|
|
|
|
|
|
Return on Investment (ROI) |
|
0.21 |
0.16 |
0.20 |
|
|
|
|
|
|
|
|
|
Debt Equity Ratio |
|
2.06 |
1.93 |
1.60 |
|
|
|
|
|
|
|
|
|
Current Ratio |
|
0.85 |
0.82 |
0.79 |
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
20.002 |
20.002 |
20.002 |
|
Reserves & Surplus |
5.930 |
9.212 |
14.444 |
|
Net
worth |
25.932 |
29.214 |
34.446 |
|
|
|
|
|
|
long-term borrowings |
5.005 |
2.000 |
0.613 |
|
Short term borrowings |
36.564 |
54.305 |
70.348 |
|
Total
borrowings |
41.569 |
56.305 |
70.961 |
|
Debt/Equity
ratio |
1.603 |
1.927 |
2.060 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
106.983 |
118.677 |
|
|
10.931 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
|
|
(INR) |
(INR) |
|
Sales |
106.983 |
118.677 |
|
Profit |
3.281 |
5.232 |
|
|
3.07% |
4.41% |
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 |
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 |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Unsecured Term
Loan From Banks |
|
|
|
HDFC Bank – Hyundai EON Car Loan-GJ 6 FK 7141 (Car loan is repayable in 48 installments starting from April 2013 and
ending on March 2017 secured by hypothecation of Honda EON Car) |
0.173 |
0.248 |
|
HDFC Bank – Hyundai EON Car Loan-MH 03 BH 8961 (Car loans is repayable in 48 installments starting from June 2013
secured by hypothecation of Hundai EON Car) |
0.190 |
0.000 |
|
HDFC Bank – Alto Car Loan – GJ 6 FK 8084 (Car loan is repayable in 48 installments starting from April 2013 and
ending on March 2017 secured by hypothecation of Alto Car) |
0.173 |
0.248 |
|
Term Loan from Indian Overseas Bank (Term Loan is repayable in 20 Quarterly installments starting from
March 2010 and ending on March 2015 secured by hypothecation of plant and
machinery, Electrical installation, Office Equipment, Furniture and fixtures
and others Misc. Fixed Assets and jointly guaranteed by Directors guaranteed) |
0.000 |
1.504 |
|
Term Loan from Indian Overseas
Bank (Term Loan is repayable in 16 Quarterly installments of Rs. 0.625
Million secured by hypothecation of Machineries and Equipments and jointly
guaranteed by directors / guarantors) |
0.077 |
0.000 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Loans and
Advances from Related Parties |
|
|
|
Unsecured but
Considered as Good |
|
|
|
From Directors and Their relatives |
33.642 |
27.210 |
|
From Associate Cos. – Super Scientific Works Private Limited |
18.680 |
0.000 |
|
Loans / Advances / Deposits from Other Shareholders |
0.900 |
0.900 |
|
|
|
|
|
Total |
53.835 |
30.110 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10184383 |
25/02/2013 * |
56,755,000.00 |
Indian Overseas
Bank |
MEHTA POLE
BRANCH,, MEHTA POLE, NEAR MANDVI, VADODARA, GUJARAT - 390006, INDIA |
B69999829 |
* Date of charge modification
FIXED ASSETS
- Air Conditioner
- Computer
- Electrical Installments
- Factory Shed
- Furniture and Fitting
- Office Equipments
- Plant and Machinery
- Vehicles
- Land
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.63.40 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.68.48 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
27 |
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.