MIRA INFORM REPORT
|
Report No. : |
319790 |
|
Report Date : |
29.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
CAPACITE STRUCTURES LIMITED (w.e.f 04.08.2014) |
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|
|
|
Formerly Known
As : |
PRATIBHA
PIPES AND STRUCTURAL LIMITED (w.e.f 21.12.2006) PRATIBHA
PIPES AND STRUCTURAL PRIVATE LIMITED |
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|
|
Registered
Office : |
602-604, Shrikant Chambers, Phase I, 6th Floor, Adjacent To
R.K. Studio, Sion-Trombay Rd., Chembur, Mumbai – 400071, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
22.05.1996 |
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Com. Reg. No.: |
11-099745 |
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Capital
Investment / Paid-up Capital : |
Rs.25.021 Million |
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CIN No.: [Company Identification
No.] |
U29110MH1996PLC099745 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP08930F |
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PAN No.: [Permanent Account No.] |
AAACP4898A |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of Manufacturing and Sale of
heavy walled Submerged Arc welded steel Pipes and Manufacturing, Erectioning
and Commissioning of the Custom built up Structures. |
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2011000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be sound and
healthy. Profitability of the company is fair. Trade relations are fair. Business is active. Payments are reported to
be usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
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 |
CRISIL |
|
Rating |
Cash Credit BBB (Suspended) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
April 16, 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Letter of credit and Bank guarantee A3+ (Suspended) |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
April 16, 2015 |
NOTE: Reason for
Suspension: Absence of Requisite Information.
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.
LOCATIONS
|
Registered Office : |
602-604, Shrikant Chambers, Phase I, 6th Floor, Adjacent To
R.K. Studio, Sion-Trombay Rd., Chembur, Mumbai – 400071, Maharashtra, India |
|
Tel. No. : |
91-22-71733717 |
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Fax No. : |
91-22-71733733 |
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E-Mail : |
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Website : |
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Branch Office : |
529 / 530 / 531, 5th Floor, Star Tower, Opposite - 32nd Milestone, NH - 8, Sector - 30, Gurgaon – 122001, Haryana, India |
|
Tel. No. : |
91-124-4060470 / 4060471 |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Vinayak Bhagwan Kulkarni |
|
Designation : |
Whole-time director |
|
Address : |
301, Usha Kamal, 574, Chembur Naka, Chembur, Mumbai - 400071, Maharashtra, India |
|
Date of Birth/Age : |
24.04.1947 |
|
Date of Appointment : |
31.03.2006 |
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DIN No. : |
00226077 |
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|
|
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Name : |
Mr. Ajay Vinayak Kulkarni |
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Designation : |
Whole-time director |
|
Address : |
574, Usha Kamal, B/H. Telephone Exchange, Chembur Naka, Chembur, Mumbai - 400071, Maharashtra, India |
|
Date of Birth/Age : |
11.08.1979 |
|
Date of Appointment : |
14.07.2011 |
|
PAN No.: |
ALDPK6255F |
|
DIN No. : |
03461373 |
|
|
|
|
Name : |
Mr. Sanjay Kulkarni Vinayak |
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Designation : |
Managing director |
|
Address : |
3rd Floor, 574, Usha Kamal, Behind Telephone Exchange, Chembur (East), Mumbai - 400071, Maharashtra, India |
|
Date of Birth/Age : |
17.06.1976 |
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Date of Appointment : |
25.04.2013 |
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PAN No.: |
AFKPK9991D |
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DIN No. : |
03533435 |
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|
|
|
Name : |
Rohit Ramnath Katyal |
|
Designation : |
Whole-time Director |
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Address : |
B-23, Eden Gardens, Panjra Pole, V. N. Purav Marg, Deonar, Mumbai –
400088, Maharashtra, India |
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Date of Birth/Age : |
09.01.1971 |
|
Date of Appointment : |
01.11.1998 |
|
DIN No. : |
00252944 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age |
|
Vinayak B. Kulkarni Jointly with Vandana V. Kulkarni |
1446350 |
57.81 |
|
Vandana Vinayak Kulkarni |
10000 |
0.40 |
|
Sanjay Vinayak Kulkarni |
4000 |
0.16 |
|
Rohit Ramnath Katyal Jointly with Sakshi R. Katyal |
44350 |
1.77 |
|
Sakshi R. Katyal Jointly with Rohit R. Katyal |
44350 |
1.77 |
|
Renu R. Katyal Jointly with Rohit Katyal Jointly with Sakshi Katyal |
56125 |
2.24 |
|
Renu R. Katyal Jointly with Nidhi Rahul Katyal |
33500 |
1.34 |
|
Renu R. Katyal Jointly with Rahul Katyal Jointly with Nidhi Katyal |
111325 |
4.45 |
|
One Metro India Private Limited |
352112 |
14.07 |
|
Capacité Infraprojects Limited |
400000 |
15.99 |
|
|
|
|
|
Total |
2502112 |
100.00 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
30.06 |
|
Directors or relatives of Directors |
69.94 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Manufacturing and Sale of
heavy walled Submerged Arc welded steel Pipes and Manufacturing, Erectioning
and Commissioning of the Custom built up Structures. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Financial Institution : |
Axis
Trustee Services Limited, Axis House, 2nd Floor, Bombay Dyeing
Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai - 400025, Maharashtra,
India |
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Auditors : |
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Name : |
Jayesh
Sanghrajka and Company Chartered Accountants |
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Address : |
Unit
No. 405-408, 4th Floor, Hind Rajasthan Centre, D. S. Phalke Road, Dadar (C. Rly.), Mumbai - 400 014,
Maharashtra, India |
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PAN
No. : |
AADFJ9072C |
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Memberships : |
-- |
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Collaborators : |
-- |
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Subsidiaries : |
v Pratibha
Struct-build Private Limited. (upto 28th March 2014) |
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Enterprises owned by or significantly
influenced by Key Management Personnel or their Relatives : |
v Capacit'e Engineering Private Limited v Pratibha Industries Limited v Muktangan Developers Private Limited v Pratibha Shareholding Private Limited v Prime Infrapark Private Limited v Pratibha Infrastructure Private Limited v Elegant Infrastructure and Real Estate Private Limited v Bhopal Sanchi Highways Private Limited v Pratibha Developers Private Limited v Pratibha Heavy Engineering Limited v Pratibha Foundation v Asutosh Trade Links v Rahul Associates |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
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|
2502112 |
Equity Shares |
Rs.10/- each |
Rs.25.021 Million |
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|
FINANCIAL DATA
[all figures are in
Rupees Millions]
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 |
25.021 |
21.021 |
21.021 |
|
(b) Reserves & Surplus |
679.176 |
613.056 |
570.129 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
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(2)
Share Application money pending allotment |
0.000 |
48.500 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
704.197 |
682.577 |
591.150 |
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|
|
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(3) Non-Current
Liabilities |
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|
|
|
(a) long-term borrowings |
520.579 |
551.625 |
589.321 |
|
(b) Deferred tax liabilities (Net) |
116.025 |
100.346 |
77.257 |
|
(c) Other long term
liabilities |
191.834 |
167.982 |
111.838 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
828.438 |
819.953 |
778.416 |
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(4) Current Liabilities |
|
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|
(a) Short
term borrowings |
473.159 |
422.872 |
304.299 |
|
(b) Trade
payables |
360.124 |
278.796 |
344.358 |
|
(c) Other
current liabilities |
134.524 |
88.791 |
117.452 |
|
(d) Short-term
provisions |
38.932 |
15.612 |
16.075 |
|
Total Current
Liabilities (4) |
1006.739 |
806.071 |
782.184 |
|
|
|
|
|
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TOTAL |
2539.374 |
2308.601 |
2151.750 |
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1253.417 |
1253.241 |
927.275 |
|
(ii)
Intangible Assets |
4.207 |
6.550 |
3.917 |
|
(iii) Capital
work-in-progress |
0.000 |
15.680 |
284.153 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.601 |
1.322 |
1.634 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.443 |
2.823 |
3.807 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1263.668 |
1279.616 |
1220.786 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
648.936 |
386.483 |
336.431 |
|
(c) Trade
receivables |
197.397 |
321.413 |
333.254 |
|
(d) Cash
and cash equivalents |
60.847 |
109.648 |
40.503 |
|
(e)
Short-term loans and advances |
326.396 |
168.022 |
207.330 |
|
(f) Other
current assets |
42.130 |
43.419 |
13.446 |
|
Total
Current Assets |
1275.706 |
1028.985 |
930.964 |
|
|
|
|
|
|
TOTAL |
2539.374 |
2308.601 |
2151.750 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1464.580 |
1481.168 |
1673.301 |
|
|
|
Other Income |
0.003 |
2.827 |
37.539 |
|
|
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TOTAL |
1464.583 |
1483.995 |
1710.840 |
|
|
|
|
|
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Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1008.971 |
950.966 |
1043.303 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(225.621) |
(53.004) |
67.779 |
|
|
|
Employees benefits expense |
26.606 |
25.093 |
91.054 |
|
|
|
Prior Period item |
0.553 |
1.083 |
2.500 |
|
|
|
Other expenses |
374.833 |
349.905 |
309.359 |
|
|
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TOTAL |
1185.342 |
1274.043 |
1513.995 |
|
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|
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|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
279.241 |
209.952 |
196.845 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
114.995 |
88.441 |
79.351 |
|
|
|
|
|
|
|
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|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
164.246 |
121.511 |
117.494 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
60.201 |
50.278 |
38.808 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
104.045 |
71.233 |
78.686 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
36.918 |
37.341 |
28.553 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
67.127 |
33.892 |
50.133 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
30.34 |
16.00 |
24.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
4.58 |
2.29 |
3.00 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Sales) |
(%) |
19.07 |
14.17 |
11.76 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.10 |
3.11 |
4.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.10 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.41 |
1.43 |
1.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.27 |
1.28 |
1.19 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
21.021 |
21.021 |
25.021 |
|
Reserves & Surplus |
570.129 |
613.056 |
679.176 |
|
Net worth |
591.150 |
634.077 |
704.197 |
|
|
|
|
|
|
long-term borrowings |
589.321 |
551.625 |
520.579 |
|
Short term borrowings |
304.299 |
422.872 |
473.159 |
|
Total borrowings |
893.620 |
974.497 |
993.738 |
|
Debt/Equity ratio |
1.512 |
1.537 |
1.411 |
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) |
|
Revenue from operations |
1673.301 |
1481.168 |
1464.580 |
|
|
|
(11.482) |
(1.120) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Revenue from operations |
1673.301 |
1481.168 |
1464.580 |
|
Profit |
50.133 |
33.892 |
67.127 |
|
|
3.00% |
2.29% |
4.58% |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
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 |
Yes |
NOTE:
The registered address of the company has been shifted from 101, Usha Kamal,
574 Chembur Naka, Chembur, Mumbai – 400071, Maharashtra, India to the present
address w.e.f 10.05.2013
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans
and advances from related parties |
0.000 |
38.895 |
|
Other loans and advances |
31.105 |
0.000 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Rupee term loans from banks |
31.303 |
0.000 |
|
|
|
|
|
Total |
62.408 |
38.895 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10524446 |
08/08/2014 |
98,500,000.00 |
SYNDICATE BANK |
82-B, POKER MANSION, N.G. ACHARYA MARG,
MUMBAI, Maharashtra - 400071, INDIA |
C27035633 |
|
2 |
10490960 |
25/04/2014 |
25,000,000.00 |
Indian Overseas Bank |
Arjun Tower, 1st Floor, Gokhale Road,
Naupada, |
C03983087 |
|
3 |
10421035 |
27/02/2013 |
1,159,000.00 |
ING VYSYA BANK LIMITED |
22, M G ROAD, BANGALORE, BANGALORE,
Karnataka - 560 001, INDIA |
B73556342 |
|
4 |
10246210 |
06/09/2011 * |
313,900,000.00 |
Axis Bank Limited |
Axis House, Bombay Dyeing Mills Compound, P
B Marg, Worli, Mumbai, Maharashtra - 400025, INDIA |
B22901904 |
|
5 |
10201936 |
09/02/2010 |
490,000,000.00 |
CORPORATION BANK |
IFB BRANCH, 104, BHARAT HOUSE, MUMBAI SAMACHAR
MARG, FORT, MUMBAI, Maharashtra - 400023, INDIA |
A79214391 |
|
6 |
10201497 |
06/03/2013 * |
215,500,000.00 |
The Saraswat Cooperative Bank Ltd |
SME Vile Parle Branch, Bholanath Co-op Hsg
Soc, Subhash Road, Vile Parle East, Mumbai, Maharashtra |
B71939086 |
|
7 |
10197291 |
25/04/2013 * |
29,000,000.00 |
The Saraswat Cooperative Bank Ltd |
SME Vile Parle Branch, Bholanath Co-op Hsg
Soc, Subhash Road, Vile Parle East, Mumbai, Maharashtra |
B74268186 |
|
8 |
10197292 |
25/04/2013 * |
75,500,000.00 |
The Saraswat Cooperative Bank Ltd |
SME Vile Parle Branch, Bholanath Co-op Hsg
Soc, Subhash Road, Vile Parle East, Mumbai, Maharashtra |
B74268541 |
|
9 |
80028337 |
03/02/2014 * |
1,445,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Flr, Bombay Dyeing Mills
Compound, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra - 400025, INDIA |
B96062492 |
* Date of charge modification
COMPANY
BACKGROUND
The company is engaged in the business of Manufacturing and Sale of heavy walled Submerged Arc welded steel Pipes and Manufacturing, Erectioning and Commissioning of the Custom built up Structures. The manufacturing facilities of the company have been accredited with ISO 9001 - 2000 certification from BVQI. The Plant is licensed with API Grade 2B from American Petroleum Institute for manufacture of heavy walled structural pipes, IS 3589 for water pipes, CCOE from Controller of Explosives, Nagpur, India and many more. The manufacturing facilities are approved by practically all leading national and international third party inspection agencies like EIL, Bechtel, BVI, SGS, CEIL, RITEL, LRIS and many more.
The Company changed its name to Capacite Structures Limited from Pratibha Pipes and Structural Limited w.e.f. 04.08.2014
FIXED ASSETS
v Land
v Buildings
v Plant and Equipment
v Furniture and Fixtures
v Vehicles
v Office Equipment
v Computer Equipments
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.63.33 |
|
|
1 |
Rs.96.52 |
|
Euro |
1 |
Rs.68.93 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
-- PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.