MIRA INFORM REPORT
|
Report No. : |
334607 |
|
Report Date : |
07.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
CENTURY ALUMINIUM MANUFACTURING COMPANY LIMITED (w.e.f 15.10.1985) |
|
|
|
|
Formerly Known
As : |
CENTURY ALUMINIUM MANUFACTURING COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Raja Road, P.O. Sukchar, 24 Parganas (N), Kolkata – 700 115, |
|
Tel. No.: |
91-33-25533160 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
31.10.1974 |
|
|
|
|
Com. Reg. No.: |
21-029718 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 71.767 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27106WB1974PLC029718 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALC00309B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC2200Q |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is engaged into manufacturing of high quality aluminium alloy
ingots, zinc alloy ingots, aluminium castings, zinc castings and aluminium alloy
de-oxidants |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1400000 |
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|
|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Rating takes into consideration sound financial risk profile of the
company marked by adequate net worth base. Further management has reported significant growth in its sales volume
however, profitability is deteriorating in FY 14. However, trade relations are fair. Business is active. Payment terms
are reported to be slow but correct. The company can be considered for business dealings with usual trade
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 |
CARE |
|
Rating |
Long Term Bank Facilities = BB+ (Suspended) |
|
Rating Explanation |
Inadequate credit quality and high credit
risk |
|
Date |
02.12.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A4+ (Suspended) |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk |
|
Date |
02.12.2014 |
Reason for suspension: Because company has not
furnished the information required by CARE for monitoring of the 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
31-03-2013.
INFORMATION DECLINED BY
Management Non-cooperative 91-33-25533160
LOCATIONS
|
Registered Office : |
Raja Road, P.O. Sukchar, 24 Parganas (N), Kolkata – 700 115, West |
|
Tel No.: |
91-33-25533160 |
|
Fax No.: |
91-33-25532738 |
|
E-Mail : |
accounts1@camcoindia.com |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Madhab Prasad Jhunjhunwala |
|
Designation : |
Director |
|
Address : |
9, |
|
Date of Birth/Age : |
10.10.1939 |
|
Date of Appointment : |
31.10.1974 |
|
Voter ID No.: |
WB-23-146-084221 |
|
DIN No.: |
00169908 |
|
|
|
|
Name : |
Mr. Vikram Jhunjhunwala |
|
Designation : |
Whole Time Director |
|
Address : |
9, |
|
Date of Birth/Age : |
05.05.1965 |
|
Qualification : |
B.Com |
|
Experience : |
22 Years |
|
Date of Appointment : |
02.05.1984 |
|
Voter ID No.: |
WB-23-146-084225 |
|
DIN No.: |
00169833 |
|
|
|
|
Name : |
Mr. Banwari Lal Maheshwari |
|
Designation : |
Director |
|
Address : |
402, |
|
Date of Birth/Age : |
30.01.1960 |
|
Date of Appointment : |
15.07.2006 |
|
DIN No.: |
00102122 |
|
|
|
|
Name : |
Mr. Sheo Kumar Poddar |
|
Designation : |
Director |
|
Address : |
Dam Side, |
|
Date of Birth/Age : |
17.11.1940 |
|
Date of Appointment : |
14.08.2007 |
|
DIN No.: |
00992376 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
A) Share held by Bodies Corporate |
|
|
|
Jeco Exports and
Finance Limited, |
322520 |
4.49 |
|
Vintage
Securities Limited, |
1243587 |
17.33 |
|
Paramsukh
Properties Private Limited, |
77494 |
1.08 |
|
Atash Properties
and Finance Private Limited, |
94201 |
1.31 |
|
Vintage Capital
Markets Limited, |
178672 |
2.49 |
|
Kutir Udyog
Kendra ( |
299807 |
4.18 |
|
Slow and Sound Electronic Private Limited, India |
1410 |
0.20 |
|
B) Share held by
Directors and their relatives |
|
|
|
Madhab Prasad
Jhunjhunwala |
252264 |
3.52 |
|
Vikram
Jhunjhunwala |
793999 |
11.06 |
|
Madhav and Sons
(HUF) |
331872
|
4.62 |
|
Vikram and Sons
(HUF) |
239580 |
3.34 |
|
Moulshree
Jhunjhunwala |
525267 |
7.32 |
|
Sita Devi
Jhunjhunwala |
1012051 |
14.10 |
|
Shivanshu
Jhunjhunwala |
678975 |
9.46 |
|
Rishik
Jhunjhunwala |
564125 |
7.86 |
|
Vijay Kumar Mohatta |
488200 |
6.80 |
|
Satyam Mohatta |
29960 |
0.84 |
|
Total |
7176724 |
100.00% |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
31.08 |
|
Directors or relatives of Directors |
68.92 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into manufacturing of high quality aluminium alloy
ingots, zinc alloy ingots, aluminium castings, zinc castings and aluminium
alloy de-oxidants |
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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 Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Alps and Company Chartered Accountants |
|
Address : |
310, Todi Chamber 2, |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADFK8188N |
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|
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Memberships : |
-- |
|
|
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Collaborators : |
-- |
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|
|
|
Associates: |
CIN No.:L27203WB1988PLC043705 |
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|
|
|
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives: |
CIN No.:U70101WB1986PTC041607 |
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Subsidiary company: |
CIN No.:U27320DL2001PLC110969 |
CAPITAL STRUCTURE
After 30.09.2014
Authorised Capital : Rs. 120.000 Million
Issued, Subscribed & Paid-up Capital : Rs. 76.184Million
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
Rs.10/- each |
Rs. 120.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7176724 |
Equity Shares |
Rs.10/- each |
Rs. 71.767
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 |
71.767 |
71.767 |
71.767 |
|
(b) Reserves & Surplus |
431.113 |
430.171 |
412.442 |
|
(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) |
502.880 |
501.938 |
484.209 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
211.332 |
264.408 |
302.899 |
|
(b) Deferred tax liabilities (Net) |
21.232 |
15.520 |
1.150 |
|
(c) Other long term
liabilities |
1.847 |
0.050 |
0.631 |
|
(d) long-term
provisions |
9.056 |
11.154 |
4.096 |
|
Total Non-current
Liabilities (3) |
243.467 |
291.132 |
308.776 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
835.416 |
792.953 |
640.073 |
|
(b) Trade
payables |
357.147 |
269.145 |
245.825 |
|
(c) Other
current liabilities |
185.081 |
139.357 |
83.951 |
|
(d) Short-term
provisions |
2.880 |
0.336 |
4.068 |
|
Total Current
Liabilities (4) |
1380.524 |
1201.791 |
973.917 |
|
|
|
|
|
|
TOTAL |
2126.871 |
1994.861 |
1766.902 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
478.488 |
497.255 |
484.541 |
|
(ii) Intangible
Assets |
2.103 |
2.665 |
3.262 |
|
(iii)
Capital work-in-progress |
23.107 |
0.750 |
8.244 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
53.424 |
53.423 |
53.423 |
|
(c) Deferred tax assets (net) |
95.473 |
135.806 |
126.818 |
|
(d) Long-term Loan and Advances |
7.122 |
0.518 |
0.206 |
|
(e) Other
Non-current assets |
|
|
|
|
Total Non-Current
Assets |
659.717 |
690.417 |
676.494 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
654.718 |
492.692 |
339.887 |
|
(c) Trade
receivables |
653.829 |
676.885 |
522.783 |
|
(d) Cash
and cash equivalents |
44.971 |
25.362 |
39.602 |
|
(e) Short-term
loans and advances |
103.650 |
102.626 |
179.306 |
|
(f) Other
current assets |
9.986 |
6.879 |
8.830 |
|
Total
Current Assets |
1467.154 |
1304.444 |
1090.408 |
|
|
|
|
|
|
TOTAL |
2126.871 |
1994.861 |
1766.902 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
4904.705 |
4720.046 |
3685.750 |
|
|
Other Income |
22.070 |
16.173 |
15.737 |
|
|
TOTAL
|
4926.775 |
4736.219 |
3701.487 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
4179.723 |
4023.020 |
3266.423 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
51.768 |
(26.692) |
(35.572) |
|
|
Employees benefits expense |
98.212 |
108.439 |
92.521 |
|
|
Other expenses |
366.350 |
390.528 |
281.398 |
|
|
|
(0.100) |
0.050 |
0.025 |
|
|
TOTAL
|
4695.953 |
4495.345 |
3604.795 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
230.822 |
240.874 |
96.692 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
197.523 |
183.645 |
107.544 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
33.299 |
57.229 |
(10.852) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
25.518 |
25.071 |
11.374 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
7.781 |
32.158 |
(22.226) |
|
|
|
|
|
|
|
Less |
TAX |
6.793 |
14.385 |
(9.476) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
0.988 |
17.773 |
(12.750) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
315.931 |
298.158 |
310.908 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
316.919 |
315.931 |
298.158 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
276.846 |
356.733 |
0.000 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
0.13 |
0.24 |
(1.77) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
49.829 |
49.230 |
26.560 |
|
Cash generated from operations |
N.A |
N.A |
N.A |
|
Net cash flow from operating activity |
215.611 |
279.808 |
(161.982) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.02 |
0.38 |
-0.35 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
4.71 |
5.10 |
2.62 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.40 |
1.78 |
-1.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.06 |
-0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.18 |
2.20 |
2.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.06 |
1.09 |
1.12 |
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 |
71.767 |
71.767 |
71.767 |
|
Reserves & Surplus |
412.442 |
430.171 |
431.113 |
|
Net
worth |
484.209 |
501.938 |
502.880 |
|
|
|
|
|
|
long-term borrowings |
302.899 |
264.408 |
211.332 |
|
Short term borrowings |
640.073 |
792.953 |
835.416 |
|
Current maturities of long-term
debts |
26.560 |
49.230 |
49.829 |
|
Total
borrowings |
969.532 |
1106.591 |
1096.577 |
|
Debt/Equity
ratio |
2.002 |
2.205 |
2.181 |
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 |
3685.750 |
4720.046 |
4904.705 |
|
|
|
28.062 |
3.912 |
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 |
3685.750 |
4720.046 |
4904.705 |
|
Profit |
(12.750) |
17.773 |
0.988 |
|
|
(0.35)% |
0.38% |
0.02% |
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 |
No |
|
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 |
Yes |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 three 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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIONS
Your Directors wish to report that Sales Turnover of the
company during 2013-14 was Rs.5568.941 Lacs with a net profit of Rs. 0.987 Million against Rs. 5344.813 Million
and Net Profit of Rs. 17.773Million during 2012-13 and so achieved an increase in Sales Turnover of 4.19% .
The company could not achieve optimum capacity utilization during the
year due to mainly paucity of working capital and sluggish market conditions.
NOTE: Registered office of the company has been shifted from 113, Park Street, Poddar Point North Block, 3rd Floor, Kolkata, West Bengal, India to the present address w.e.f. 01.08.2009
UNSECURED LOAN
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
SHORT TERM
BORROWING |
|
|
|
Working capital loans from banks |
95.092 |
109.638 |
|
|
|
|
|
Total |
95.092 |
109.638 |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10529715 |
20/10/2014 |
50,000,000.00 |
Canara Bank |
MAHARANI BAGH,
NEW DELHI, DELHI - 110014, INDIA |
C32675951 |
|
2 |
10502569 |
31/05/2014 |
27,500,000.00 |
CANARA BANK |
MAHARANI BAGH,
NEW DELHI, Delhi - 110014, INDIA |
C06404974 |
|
3 |
10453640 |
27/09/2013 |
20,000,000.00 |
STATE BANK OF
PATIALA |
MID CORPORATE
BRANCH,, SHUBHAM COMPLEX, NEELAM BA |
B86944154 |
|
4 |
10398130 |
25/04/2014 * |
250,000,000.00 |
STATE BANK OF
PATIALA |
MID CORPORATE
BRANCH,, SHUBHAM COMPLEX, NEELAM BA |
C04517454 |
|
5 |
10362281 |
08/06/2012 |
23,000,000.00 |
CANARA BANK |
MAHARANI BAGH,
NEW DELHI, DELHI - 110065, INDIA |
B42277574 |
|
6 |
10362243 |
08/06/2012 |
135,000,000.00 |
CANARA BANK |
MAHARANI BAGH,
NEW DELHI, DELHI - 110065, INDIA |
B42275792 |
|
7 |
10340242 |
26/02/2015 * |
206,900,000.00 |
STATE BANK OF
INDIA |
COMMERCIAL
BRANCH, JEEVANDEEP, 1,MIDDLETON STREET |
C48312540 |
|
8 |
10310991 |
19/10/2013 * |
453,000,000.00 |
CANARA BANK |
MAHARANI BAGH
BRANCH, NEW DELHI, Delhi - 110014, INDIA |
B89211528 |
|
9 |
10265890 |
28/12/2010 |
474,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST |
B05366455 |
|
10 |
10244191 |
31/01/2012 * |
120,000,000.00 |
ICICI BANK
LIMITED |
LANDMARKRACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B31473382 |
FIXED ASSETS
·
Land
·
·
Leasehold Right
·
Building
·
Plant and Machinery
·
Electrical Installation
·
Vehicles
·
Furniture and Fixtures
·
Office 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 records 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.63.76 |
|
|
1 |
Rs.99.60 |
|
Euro |
1 |
Rs.69.71 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRP |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
|
45 |
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.