MIRA INFORM REPORT
|
Report No. : |
338379 |
|
Report Date : |
25.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
CHW FORGE PRIVATE LIMITED (w.e.f.29.11.2010) |
|
|
|
|
Formerly Known
As : |
CHW FORGE LIMITED (w.e.f. 07.10.2010) CHAUDHRY HAMMER WORKS LIMITED |
|
|
|
|
Registered
Office : |
Near Hapur Road, Flyover Maaliwara -
4, Ghaziabad – 201001, Uttar Pradesh |
|
Tel. No.: |
91-120-4186600 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
17.11.1970 |
|
|
|
|
Com. Reg. No.: |
20-057609 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.35.483 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27310UP1970PTC057609 |
|
|
|
|
IEC No.: |
0596016352 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MRTC00095E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACC6049C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of high quality carbon steel, alloy steel, stainless
steel and duplex steel. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated during the year 1970
having a good track record. Available financial indicates company sound financial risk profile
marked by healthy net worth position with low borrowings and favourable gap
between trade payable and trade receivable. Further, the rating also takes into consideration good profitability
margin of the company. Trade relations are reported as fair. Business is active. Payment
terms are reported to be regular and as per commitment. In view of long track record and sound financial base, the company can
be considered normal for business dealings at usual trade terms and
conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 = A |
|
Rating Explanation |
Adequate degree of safety and carry low credit risk. |
|
Date |
31.07.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A1 |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
31.07.2015 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Deepak Tripathi |
|
Designation : |
Finance Department |
|
Contact No.: |
91-120-4186600 |
|
Date : |
24.08.2015 |
LOCATIONS
|
Registered Office : |
Near Hapur Road, Flyover Maaliwara -
4, Ghaziabad – 201001, Uttar Pradesh |
|
Tel. No.: |
91-120-4388000 |
|
Fax No.: |
91-120-4376970/71 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory: |
Achheja, P.O. Dujana, G.T. Road, Greater Noida (Phase II) – 203207,
Uttar Pradesh, India |
|
Tel. No.: |
91-120-4186600 |
|
Fax No.: |
91-120-4186641 |
|
E-Mail : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Mukul Chaudhry |
|
Designation : |
Managing Director |
|
Address : |
KL-152,Kavi Nagar, |
|
Date of Birth/Age : |
25.11.1960 |
|
Date of Appointment : |
24.11.1982 |
|
DIN No.: |
00216504 |
|
PAN No.: |
ABJPC8300R |
|
|
|
|
Name : |
Mr. Anish Chaudhry |
|
Designation : |
Whole-Time Director |
|
Address : |
KL-152,Kavi Nagar, |
|
Date of Birth/Age : |
16.07.1971 |
|
Date of Appointment : |
01.08.1993 |
|
DIN No.: |
00279686 |
|
PAN No.: |
AAVPC4500A |
|
|
|
|
Name : |
Mr. Sachin Chaudhry |
|
Designation : |
Whole-Time Director |
|
Address : |
KK-10,Kavi Nagar, |
|
Date of Birth/Age : |
08.12.1973 |
|
Date of Appointment : |
01.08.1996 |
|
DIN No.: |
00052031 |
|
PAN No.: |
AEDPC0494D |
|
|
|
|
Name : |
Mr. Swatantra Kumar Sharma |
|
Designation : |
Whole-Time Director |
|
Address : |
D-398, Govindpura M.P.S., Kavi Nagar, |
|
Date of Birth/Age : |
10.10.1953 |
|
Date of Appointment : |
01.04.2009 |
|
Date of Cessation : |
31.05.2010 |
|
DIN No.: |
02610235 |
KEY EXECUTIVES
|
Name : |
Mr. Deepak Tripathi |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Anirudh Mukul Agarwal |
|
8130 |
|
Anubhav Mukul |
|
7690 |
|
A. P. and Sons (HUF) |
|
28000 |
|
Purnima Mukul Chaudhry |
|
25979 |
|
Mukul Anand Prakash Chaudhry |
|
62477 |
|
Deepika Anish Chaudhry |
|
15000 |
|
Anushka Anish Aggarwal |
|
10000 |
|
Ansh Agarwal |
|
10000 |
|
Anish Anand Prakash Chaudhry |
|
67776 |
|
Anish Chaydhry and Sons (HUF) |
|
1500 |
|
B. K. and Sons (HUF) |
|
25000 |
|
Nitu Sachin Chaudhry |
|
9663 |
|
Sachin Brahm Kumar Chaudhry |
|
63613 |
|
Sanya Agarwal |
|
10000 |
|
Rajveer Agarwal |
|
10000 |
|
Total |
|
354828 |
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 : |
Manufacturer of high quality carbon steel, alloy steel, stainless
steel and duplex steel. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Cheque and Credit (30/60/90 Days) |
|
|
|
|
Purchasing : |
Cash, Cheque and Credit (30/60/90 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
Wholesaler, Retailers and End Users
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
500 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
P. Jain and Company Chartered Accountant |
|
Address : |
6, Navyug Market, |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFP6159J |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
715000 |
Equity Shares |
Rs.100/- each |
Rs.71.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
354828 |
Equity Shares |
Rs.100/- each |
Rs.35.483 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 |
35.483 |
35.483 |
35.483 |
|
(b) Reserves & Surplus |
1175.107 |
1092.645 |
986.277 |
|
(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) |
1210.590 |
1128.128 |
1021.760 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
75.000 |
109.254 |
122.764 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
19.058 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
8.606 |
8.756 |
6.509 |
|
Total Non-current
Liabilities (3) |
83.606 |
118.010 |
148.331 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
464.990 |
522.296 |
347.669 |
|
(b) Trade
payables |
132.915 |
275.107 |
296.498 |
|
(c) Other current
liabilities |
142.685 |
158.389 |
380.565 |
|
(d) Short-term
provisions |
13.906 |
27.572 |
3.077 |
|
Total Current
Liabilities (4) |
754.496 |
983.364 |
1027.809 |
|
|
|
|
|
|
TOTAL |
2048.692 |
2229.502 |
2197.900 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
961.179 |
1074.259 |
1129.862 |
|
(ii)
Intangible Assets |
3.722 |
2.623 |
2.042 |
|
(iii)
Capital work-in-progress |
76.110 |
10.921 |
42.155 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.623 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
29.274 |
11.619 |
0.000 |
|
(d) Long-term Loan and Advances |
27.563 |
13.464 |
45.622 |
|
(e) Other Non-current
assets |
5.900 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1103.748 |
1112.886 |
1220.304 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
423.289 |
558.944 |
476.689 |
|
(c) Trade
receivables |
421.152 |
401.432 |
411.233 |
|
(d) Cash
and cash equivalents |
5.383 |
51.658 |
39.791 |
|
(e)
Short-term loans and advances |
94.962 |
103.174 |
49.252 |
|
(f) Other
current assets |
0.158 |
1.408 |
0.631 |
|
Total
Current Assets |
944.944 |
1116.616 |
977.596 |
|
|
|
|
|
|
TOTAL |
2048.692 |
2229.502 |
2197.900 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
|
|
TOTAL INCOME |
2235.605 |
2205.969 |
2015.142 |
|
|
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES |
2087.664 |
2056.529 |
1828.852 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
147.941 |
149.440 |
186.290 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
47.212 |
43.072 |
65.920 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
100.729 |
106.368 |
120.370 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B. Value of Exports |
742.249 |
781.798 |
479.228 |
|
|
|
Freight and other Charges |
68.377 |
15.213 |
17.288 |
|
|
TOTAL EARNINGS |
810.626 |
797.011 |
496.516 |
|
|
|
|
|
|
|
|
|
|
C.I.F. VALUE OF
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
55.182 |
139.291 |
12.285 |
|
|
|
Stores & Spares |
1.192 |
9.236 |
0.580 |
|
|
|
Capital Goods |
40.053 |
23.288 |
163.685 |
|
|
TOTAL IMPORTS |
96.427 |
171.815 |
176.550 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
283.88 |
299.77 |
339.23 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
2720.000 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
34.254 |
57.820 |
187.640 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
358.978 |
213.307 |
447.603 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
4.51 |
4.82 |
5.97 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.62 |
6.77 |
9.24 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.61 |
6.77 |
8.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.13 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.45 |
0.56 |
0.46 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25 |
1.14 |
0.95 |
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 |
35.483 |
35.483 |
35.483 |
|
Reserves & Surplus |
986.277 |
1092.645 |
1175.107 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1021.760 |
1128.128 |
1210.590 |
|
|
|
|
|
|
long-term borrowings |
122.764 |
109.254 |
75 |
|
Short term borrowings |
347.669 |
522.296 |
464.99 |
|
Current maturities of
long-term debts |
187.640 |
57.820 |
34.254 |
|
Total
borrowings |
658.073 |
689.370 |
574.244 |
|
Debt/Equity
ratio |
0.644 |
0.611 |
0.474 |
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) |
|
Total Income |
2015.142 |
2205.969 |
2235.605 |
|
|
|
9.470 |
1.343 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
2015.142 |
2205.969 |
2235.605 |
|
Profit |
120.370 |
106.368 |
100.729 |
|
|
5.97% |
4.82% |
4.51% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
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 |
Yes |
|
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 |
NOTE: Registered office of the company has been
shifted from PB no 20 Hapur Road Flyover, Ghaziabad - 201001, Uttar Pradesh
India to the present address w.e.f.
(21.03.2014)
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Loans and advances from related parties |
3.295 |
18.444 |
|
Total |
3.295 |
18.444 |
EXPANSION PROJECT
The company has already completed process of developing Aluminum Rings & Forgings, mainly for defense, apart from existing Iron & Steel product. Now the company is concentrating on further orders from defense sector i.e. Brahmos Aerospace and other related parties. Additional machineries for the Aluminum forging are being setup to facilitate timely delivery to the customers.
The company has further gone ahead for switching over from the RFO fired furnaces to PNG fired furnaces which shall be more eco friendly and which shall become functional in the coming financial year.
The company is also planning to set up a solar power plant for power supply to production machineries, which is a clean source of fuel through inexhaustible source of energy.
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10551303 |
20/01/2015 |
4,300,000.00 |
Daimler Financial Services India Private Limited |
Unit 202, 2nd Floor, Campus 3B,RMZ Millennia, Business Park, No.143, Dr. M.G.R.Road, Perungudi, Chennai, Tamil Nadu - 600096, INDIA |
C44463511 |
|
2 |
10551304 |
20/01/2015 |
4,300,000.00 |
Daimler Financial Services India Private Limited |
Unit 202, 2nd Floor, Campus 3B,RMZ Millennia, Bus |
C44465292 |
|
3 |
10521405 |
28/08/2014 |
11,120,000.00 |
Citi Bank N.A. |
Jeevan Bharti Building, 4th Floor,, 124, Connaught
Circus, Connaught Place,, New Delhi, Delhi - 110 |
C21951017 |
|
4 |
10490759 |
28/04/2014 |
100,000,000.00 |
Citi Bank N.A. |
Jeevan Bharti Building, 4th Floor, 124 Connaught |
C03935871 |
|
5 |
10401550 |
05/02/2013 |
70,000,000.00 |
BRAHMOS AEROSPACE PRIVATE LIMITED |
NO 16 CARRIAPPA MARGKIRBY PLACE, DELHI CANTT, NEW |
B67473884 |
|
6 |
10413571 |
28/01/2013 |
100,000,000.00 |
Citi Bank N.A. |
Jeevan Bharti Building, 4th Floor, 124, Connaught |
B71382717 |
|
7 |
10181966 |
15/05/2015 * |
402,000,000.00 |
Citi Bank N.A. |
Jeevan Bharti Building, 4th Floor,, 124 Connaught |
C53695334 |
|
8 |
90270853 |
15/02/2005 * |
12,000,000.00 |
STATE BANK OF INDIA |
SIB BRANCH, NAVYUG MARKET, GHAZIABAD, Uttar Pradesh, INDIA |
- |
|
9 |
80005812 |
17/03/2007 * |
377,600,000.00 |
STATE BANK OF INDIA |
SIB BRANCH, NAVYUG MARKET, GHAZIABAD, Uttar Pradesh - 201001, INDIA |
- |
|
10 |
90270299 |
24/11/2000 * |
11,500,000.00 |
STATE BANK OF INDIA |
SIB BRANCH, NAVYUG MARKET, GHAZIABAD, Uttar Pradesh, INDIA |
- |
*Date of charge modification
FIXED ASSETS
- Freehold land
- Leasehold
land
- Shed and
Building
- Plant and
Machinery
- Furniture and
Fixtures
- Office
Equipments
- Motor Cars
- TATA
- Ambulance
- Air
Conditioner
- Xerox Machine
- Type Writer
- Computers
- Cycles
- Scooters
- Electric
Installation
- Fax Machine
- Electric
Fittings and Fans
- Dies
- Computer
Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or anti-terrorism
sanction laws or whose assets were seized, blocked, frozen or ordered forfeited
for violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.51 |
|
|
1 |
Rs.104.00 |
|
Euro |
1 |
Rs.54.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
MNJ |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
53 |
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.