MIRA INFORM REPORT
|
Report No. : |
335349 |
|
Report Date : |
03.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
ATIBIR INDUSTRIES COMPANY LIMITED |
|
|
|
|
Registered
Office : |
20-B, Abdul Hamid Street, 7th Floor, Block 7-B, Kolkata – 700069,
West Bengal |
|
Tel. No.: |
91-33-40047072 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
07.08.2000 |
|
|
|
|
Com. Reg. No.: |
21-118392 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.299.110 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U00331WB2000PLC118392 |
|
|
|
|
IEC No.: |
2104000149 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCA1825B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of
M.S. Ingot, M.S. Bar, M.S. Flat, M.S. Rod in Coil, Sponge Iron, Pig Iron,
Wire and Nails. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2000, it is a manufacturer of
sponge iron, pig iron and sinter etc. subject is an established company having
satisfactory track record. For the financial year ended 2014, company possesses sound operational
performance and it has maintained adequate profitability margins during a
year under a review. Rating also takes into consideration extensive experience of AICL’s
promoters in the steel industry supported by sound financial base along with
moderate gearing and healthy networth of the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of aforesaid, 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
Long term rating= BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
18.12.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating= A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
18.12.2014 |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Ravi Dadia |
|
Designation : |
Chartered Accountant |
|
Contact No.: |
91-9234600754 |
|
Date : |
03.08.2015 |
LOCATIONS
|
Registered Office : |
20-B, Abdul Hamid Street, 7th Floor, Block 7-B, Kolkata –
700069, West Bengal, India |
|
Tel. No.: |
91-6532-229224/ 229222 |
|
Fax No.: |
91-6532-229223 |
|
E-Mail : |
|
|
|
|
|
Factory : |
‘Sarawagi Sadan’, Dumri Road, Giridih – 815301, Jharkhand, India |
|
Tel. No.: |
91-6532-229222/ 24 |
|
Fax No.: |
91-6532-229223 |
|
Email: |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Mr. Samir Kumar Sarawgi |
|
|
Designation : |
Managing Director |
|
|
Address : |
Dumri Road, Sarawgi Sadan, Giridih – 815301, Jharkhand, India |
|
|
Date of Birth/Age : |
19.01.1975 |
|
|
Qualification : |
Graduate |
|
|
Date of Appointment : |
30.06.2009 |
|
|
PAN No.: |
AEJPS2818F |
|
|
DIN No.: |
00539253 |
|
|
|
|
|
|
Name : |
Mr. Paras Kumar Sarawgi |
|
|
Designation : |
Director |
|
|
Address : |
Dumri Road, Sarawgi Sadan, Giridih – 815301, Jharkhand, India |
|
|
Date of Birth/Age : |
10.01.1960 |
|
|
Qualification : |
Graduate |
|
|
Date of Appointment : |
07.08.2000 |
|
|
PAN No.: |
AEJPS3050B |
|
|
DIN No.: |
00539243 |
|
|
|
|
|
|
Name : |
Mr. Sandeep Kumar Sarawgi |
|
|
Designation : |
Director |
|
|
Address : |
Dumri Road, Sarawgi Sadan, Giridih – 815301, Jharkhand, India |
|
|
Date of Birth/Age : |
23.08.1970 |
|
|
Qualification : |
Graduate |
|
|
Date of Appointment : |
26.03.2004 |
|
|
PAN No.: |
AEJPS2820M |
|
|
DIN No.: |
00539285 |
|
KEY EXECUTIVES
|
Name : |
Mr. Bibhu Prasad Bhoi |
|
Designation : |
Secretary |
|
Address : |
C/O. Dhirendra Kanta Biswas, 1/2, Shantigarh, P.O. Regent Park, Kolkata –700040, West Bengal, India |
|
Date of Birth/Age : |
07.07.1973 |
|
Date of Appointment : |
02.01.2013 |
|
PAN No.: |
AYAPB7581K |
MAJOR SHAREHOLDERS
AS ON 29.09.2014
|
Names of Shareholders |
No. of Shares |
|
Santosh Kumar Sarawgi |
5000 |
|
Paras Kumar Sarawgi |
54000 |
|
Harish Kumar Sarawgi |
486000 |
|
Sandeep Kumar Sarawgi |
3674300 |
|
Samir Kumar Sarawgi |
1083200 |
|
Atibir Hi-Tech Private Limited, India |
987500 |
|
Sribir Marketing Services Private Limited, India |
54000 |
|
Surendra Kumar Sarawgi (HUF) |
2228220 |
|
Samir Kumar Sarawgi (HUF) |
1869970 |
|
Paras Kumar Sarawgi (HUF) |
2439590 |
|
Harish Kumar Sarawgi (HUF) |
1894573 |
|
Sandeep Kumar Sarawgi (HUF) |
1762880 |
|
Santosh Kumar Sarawgi (HUF) |
2178100 |
|
Sharad Sarawgi |
175500 |
|
Arpit Sarawgi |
216000 |
|
Hamayan Barter Private Limited, India |
2009625 |
|
Saini Motors Finance Company Private Limited, India |
4003875 |
|
GCD Credit Private Limited, India |
4124875 |
|
Ramesh Mercantile Private Limited, India |
70000 |
|
Nariman Fiscal Services Private Limited, India |
200000 |
|
Jit Finance Private Limited, India |
130000 |
|
Amit Auto Credit Company Private Limited, India |
153800 |
|
Baba Iron Industries Private Limited, India |
110000 |
|
|
|
|
Total |
29911008 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2014
|
Category |
Percentage |
|
Bodies corporate |
39.60 |
|
Directors or relatives of Directors |
60.40 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
M.S. Ingot, M.S. Bar, M.S. Flat, M.S. Rod in Coil, Sponge Iron, Pig Iron,
Wire and Nails. |
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|
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Products : |
|
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||||||
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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|
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Imports : |
Not Divulged |
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Terms : |
|
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|
Selling : |
Cash, Credit (30 / 60 / 90 Days) |
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|
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Purchasing : |
Cash, Credit (30 / 60 / 90 Days) |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
500 (Approximately) |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Bankers : |
·
HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower
Parel West, Mumbai – 400013, Maharashtra, India |
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Kedia Agarwal and Associates Chartered Accountant |
|
Address : |
Tah Complex, Gandhi Chowk, Giridih – 815301, Jharkhand, India |
|
PAN No.: |
AACFK6368H |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Others : |
· Bir Steels Private Limited · Quality Realtors and Developers Private Limited · Atibir Hitech Private Limited · Sribir Marketing Services Private Limited |
CAPITAL STRUCTURE
AS ON 29.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
32490000 |
Equity Shares |
Rs.10/- each |
Rs.324.900 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
29911008 |
Equity Shares |
Rs.10/- each |
Rs.299.110 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 |
299.110 |
299.110 |
260.828 |
|
(b) Reserves & Surplus |
2704.903 |
2454.013 |
1889.536 |
|
(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) |
3004.013 |
2753.123 |
2150.364 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
60.032 |
373.728 |
1003.761 |
|
(b) Deferred tax liabilities (Net) |
44.235 |
40.570 |
37.891 |
|
(c) Other long term
liabilities |
205.739 |
214.534 |
12.833 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
310.006 |
628.832 |
1054.485 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1863.975 |
1841.845 |
1267.254 |
|
(b) Trade
payables |
1729.714 |
1267.369 |
803.888 |
|
(c) Other
current liabilities |
539.607 |
563.796 |
269.083 |
|
(d) Short-term
provisions |
124.318 |
95.609 |
13.783 |
|
Total Current
Liabilities (4) |
4257.614 |
3768.619 |
2354.008 |
|
|
|
|
|
|
TOTAL |
7571.633 |
7150.574 |
5558.857 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1539.913 |
1680.065 |
1838.030 |
|
(ii) Intangible
Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
581.894 |
563.659 |
532.237 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
42.000 |
42.000 |
42.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.285 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
2163.807 |
2285.724 |
2412.552 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2955.505 |
3338.488 |
1949.645 |
|
(c) Trade
receivables |
1365.049 |
743.623 |
342.689 |
|
(d) Cash
and cash equivalents |
792.896 |
336.439 |
576.446 |
|
(e) Short-term
loans and advances |
294.376 |
446.300 |
277.525 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
5407.826 |
4864.850 |
3146.305 |
|
|
|
|
|
|
TOTAL |
7571.633 |
7150.574 |
5558.857 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
10086.982 |
8561.225 |
3167.035 |
|
|
|
Other Income |
208.122 |
198.445 |
7.825 |
|
|
|
TOTAL (A) |
10295.104 |
8759.670 |
3174.860 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
7509.491 |
5669.846 |
2270.861 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(13.451) |
473.712 |
(276.661) |
|
|
|
Employee Benefits Expenses |
152.068 |
124.401 |
91.210 |
|
|
|
Other Expenses |
1655.892 |
1522.236 |
472.890 |
|
|
|
TOTAL (B) |
9304.000 |
7790.195 |
2558.300 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
991.104 |
969.475 |
616.560 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
358.929 |
378.157 |
270.322 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
632.175 |
591.318 |
346.238 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
228.881 |
264.844 |
283.266 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G)
|
403.294 |
326.474 |
62.972 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
152.405 |
116.263 |
18.475 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
250.889 |
210.211 |
44.497 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.39 |
7.32 |
2.00 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
15000.000 |
The above information has been parted by Mr. Ravi
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
253.232 |
351.473 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
403.294 |
326.474 |
259.897 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
2.49 |
2.46 |
1.41 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
9.83 |
11.32 |
19.47 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
5.80 |
4.99 |
1.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.12 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.72 |
0.93 |
1.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.27 |
1.29 |
1.34 |
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 |
260.828 |
299.110 |
299.110 |
|
Reserves & Surplus |
1889.536 |
2454.013 |
2704.903 |
|
Net
worth |
2150.364 |
2753.123 |
3004.013 |
|
|
|
|
|
|
long-term borrowings |
1003.761 |
373.728 |
60.032 |
|
Short term borrowings |
1267.254 |
1841.845 |
1863.975 |
|
Current Maturities of Long term debt |
0.000 |
351.473 |
253.232 |
|
Total
borrowings |
2271.015 |
2567.046 |
2177.239 |
|
Debt/Equity
ratio |
1.056 |
0.932 |
0.725 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales |
3167.035 |
8561.225 |
10086.982 |
|
|
|
170.323 |
17.822 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales
|
3167.035 |
8561.225 |
10086.982 |
|
Profit |
44.497 |
210.211 |
250.889 |
|
|
1.41% |
2.46% |
2.49% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10502815 |
05/06/2014 |
8,300,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C06553168 |
|
2 |
10507022 |
31/05/2014 |
5,300,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
ONE
FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, |
C09891235 |
|
3 |
10517636 |
29/03/2014 |
20,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C18902890 |
|
4 |
10467624 |
21/11/2013 |
440,000,000.00 |
STATE BANK OF PATIALA |
PATNA
BRANCH, PATNA BRANCH, NALA ROAD OPPOSITE KA |
B92536150 |
|
5 |
10438226 |
23/07/2013 * |
916,000,000.00 |
PUNJAB NATIONAL BANK |
BISTUPUR
BRANCH, RAM MANDIR AREA, BISTUPUR, JAMSH |
B84672815 |
|
6 |
10382002 |
05/09/2012 |
23,710,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B60264389 |
|
7 |
10251417 |
29/10/2010 |
1,149,000,000.00 |
STATE BANK OF INDIA |
GIRIDIH BAZAR BRANCH, WHITTY BAZAR, GIRIDIH, JHARKHAND - 815301, INDIA |
A99365926 |
|
8 |
10169494 |
08/08/2014 * |
5,327,700,000.00 |
STATE BANK OF INDIA |
GIRIDIH
BRANCH, WHITTY BAZAR, GIRIDIH, JHARKHAND |
C32082851 |
|
9 |
10116804 |
05/08/2008 |
160,000,000.00 |
INDIAN BANK |
STRAND ROAD BRANCH, 3A, HARE STREET, KOLKATA, WEST BENGAL - 700001, INDIA |
A43110808 |
|
10 |
10107368 |
23/07/2013 * |
380,000,000.00 |
PUNJAB NATIONAL BANK |
BISTUPUR BRANCH, RAM MANDIR AREA, BISTUPUR, JAMSHEDPUR, JHARKHAND - 831001, INDIA |
B84676162 |
|
11 |
90264023 |
13/08/2010 * |
1,643,000,000.00 |
STATE BANK OF INDIA |
GIRIDIH BAZAR BRANCH, WHITTY BAZAR, GIRIDIH, JHARKHAND - 815301, INDIA |
A95886255 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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.64.01 |
|
|
1 |
Rs.99.84 |
|
Euro |
1 |
Rs.70.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
50 |
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.