MIRA INFORM REPORT
|
Report No. : |
352460 |
|
Report Date : |
04.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
NLMK INDIA SERVICE CENTER PRIVATE LIMITED (w.e.f. 24.05.2012) |
|
|
|
|
Formerly Known
As : |
NIPPON
TRANSCORE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No. 236A, South Court Building, District Centre Saket, New
Delhi-110017 |
|
Tel. No.: |
91-11-42032200 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 [Partial Details] |
|
|
|
|
Date of
Incorporation : |
22.07.1992 |
|
|
|
|
Com. Reg. No.: |
55-282540 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 5.086 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31101DL1992PTC282540 |
|
|
|
|
IEC No.: |
0311067964 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELN14804G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACN1328B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Trader and Exporter of Steel. (Confirmed by Management) |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 is subsidiary of ‘’NLMK International B.V’’ Netherlands. It is
established company having satisfactory track record. The rating on company reflects healthy operational activities and
profit from its operation during year under review. Rating further takes
consideration on strong financial risk profile marked by decent capital
structure and zero debt balance sheet profile of the company. Moreover, rating takes into account on company’s financial, managerial
and technical support from its holding company and diversified product
portfolio. This rating strength is partially offset by vulnerability of the
company’s operating margin to fluctuations in foreign exchange rates and to
volatility in prices in the raw material. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. The company can be considered good for normal 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
NOT AVAILABLE
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
31-03-2015.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Kamal Verma |
|
Designation : |
Assistant Manager |
|
Contact No.: |
91-9818449126 |
|
Date : |
01.12.2015 |
LOCATIONS
|
Registered Office : |
Unit No. 236A, South Court Building, District Centre Saket, New
Delhi-110017, India |
|
Tel. No.: |
91-11-42032200 |
|
Mobile No.: |
91-9818449126 (Mr. Kamal Verma) |
|
Fax No.: |
91-11-42032201 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Unit No 302, A Rasvilas Saket, District Centre Saket, New Delhi –
110017, India |
|
Tel. No.: |
91-11-42032200 |
|
Fax No.: |
91-11-42032201 |
|
|
|
|
Warehouse/ Factory 1: |
Plot No L-9, L-10 MIDC, Taloja Industrial Area, Raigarh,
Navi Mumbai - 410 208, Maharashtra, India |
|
Tel. No.: |
91-22-27410053 |
|
Fax No.: |
91-22-27411039 |
|
|
|
|
Service Center / Factory 2 : |
Plot No. H/1-2 and G-3, Mahatma Gandhi Udyog Nagar Industrial Estate,
Dabhel, Nani Daman – 396210, Daman and Diu (U.T), India |
|
Tel. No.: |
91-260-2241495 |
|
Fax No.: |
91-260-2241494 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Nitin Kumar Gupta |
|
Designation : |
Director |
|
Address : |
R-3, Majithia Enclave, Patiala-147001, Punjab, India |
|
Date of Birth/Age : |
24.09.1980 |
|
Date of Appointment : |
04.10.2011 |
|
DIN No.: |
02929430 |
|
|
|
|
Name : |
Mr. Paolo Stampfli |
|
Designation : |
Director |
|
Address : |
Via Madonna Della Salute N. 18, Massagno, 6900,
Switzerland |
|
Date of Birth/Age : |
23.08.1976 |
|
Date of Appointment : |
04.10.2011 |
|
DIN No.: |
03632492 |
KEY EXECUTIVES
|
Name : |
Mr. Kamal Verma |
|
Designation : |
Assistant Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
NLMK International BV, Netherlands |
50756 |
99.80 |
|
Novex Trading (Swizz) SA, Switzerland |
100 |
0.20 |
|
Total |
50856 |
100.00 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader and Exporter of Steel. (Confirmed by Management) |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
|
|
Products : |
Finished Good |
|
Countries : |
· UAE · Tunisia |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
· Russia · Singapore · Switzerland · Italy |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, L/C and Credit |
|
|
|
|
Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers and Manufacturer
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
-- |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : [As on 31.03.2014] |
|
|
Name : |
Deloitte
Haskins and Sells Chartered Accountants |
|
Address : |
7th Floor, Bulding 10, Tower
B, DLf Cyber City Complex, DLF City Phase-II, Gurgaon-122002, Haryana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFD2095B |
|
|
|
|
Cost Auditors : [As on 31.03.2015] |
|
|
Name : |
B
F Modi and Associates Cost
Accountant |
|
Address : |
20,
2nd Floor, Girnar Khushboo Plaza, GIDC, Vapi - 396195, Gujarat, India |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
ACRPM8391H |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding Company : [As on 31.03.2014] |
NLMK
International B.V |
|
|
|
|
Fellow Subsidiary Company : [As on 31.03.2014] |
·
Novex Trading (Swiss) S.A., Switzerland ·
NLMK Sales Europe SA, Belgium ·
NLMK Verona S.p.A., Italy ·
NLMK Singapore Sales Pte. Limited.,
Singapore |
CAPITAL STRUCTURE
AS ON 31.03.2015
[PARTIAL DETAILS]
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs. 5.086 Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs. 100/- each |
Rs. 500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,856 |
Equity Shares |
Rs. 100/- each |
Rs. 5.086
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
VALUE ADDITION AND DISTRIBUTION
OF EARINGS
|
Particulars |
31.03.2015 (Partial Details) |
|
Share capital |
5.086 |
|
Reserves and surplus |
894.548 |
|
Long-term borrowings |
0.000 |
|
Gross fixed assets |
331.815 |
|
Net fixed assets |
274.217 |
|
Current assets |
4535.929 |
|
Current liabilities |
3915.678 |
|
Net current assets |
620.251 |
|
Capital employed |
736.548 |
|
Net worth |
899.633 |
|
Value added of company |
411.398 |
|
Net revenue from operations of company |
4932.089 |
|
Profit before tax |
396.639 |
|
Particulars |
31.03.2015 (Partial Details) |
|
Gross revenue from operations of company |
5382.036 |
|
Excise and other duties of company |
449.947 |
|
Net revenue from operations of company for value addition |
4932.089 |
|
Adjustments in work-in-progress and finished stocks of company |
364.924 |
|
Cost of materials consumed of company |
4572.329 |
|
Cost of utilities of company |
7.530 |
|
Cost of other bought out inputs of company |
305.756 |
|
Total cost of bought out inputs of company |
4885.614 |
|
Value added of company |
411.398 |
|
Other incomes of company |
76.001 |
|
Extraordinary income |
0.000 |
|
Earnings available for distribution |
487.399 |
|
To employees as salaries, wages, retirement benefits and others |
67.047 |
|
Funds retained by company |
315.293 |
|
To government as taxes |
81.347 |
|
Other distribution of earnings |
23.713 |
|
Total distribution
of earnings |
487.399 |
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 |
5.086 |
5.086 |
3.748 |
|
(b) Reserves & Surplus |
579.255 |
667.330 |
348.688 |
|
(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) |
584.341 |
672.416 |
352.436 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
2.406 |
1.015 |
0.000 |
|
Total
Non-current Liabilities (3) |
2.406 |
1.015 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
2089.142 |
1088.924 |
0.983 |
|
(c)
Other current liabilities |
22.329 |
10.675 |
0.315 |
|
(d)
Short-term provisions |
0.017 |
0.024 |
0.051 |
|
Total
Current Liabilities (4) |
2111.488 |
1099.623 |
1.349 |
|
|
|
|
|
|
TOTAL |
2698.235 |
1773.054 |
353.785 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
276.081 |
287.091 |
294.532 |
|
(ii)
Intangible Assets |
0.271 |
0.327 |
0.042 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
8.091 |
4.702 |
0.289 |
|
(e)
Other Non-current assets |
0.027 |
0.027 |
0.025 |
|
Total
Non-Current Assets |
284.470 |
292.147 |
294.888 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
745.949 |
587.371 |
0.000 |
|
(c)
Trade receivables |
1470.335 |
497.966 |
0.000 |
|
(d)
Cash and cash equivalents |
112.611 |
315.475 |
49.544 |
|
(e)
Short-term loans and advances |
84.761 |
78.335 |
9.353 |
|
(f)
Other current assets |
0.109 |
1.760 |
0.000 |
|
Total
Current Assets |
2413.765 |
1480.907 |
58.897 |
|
|
|
|
|
|
TOTAL |
2698.235 |
1773.054 |
353.785 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
626.020 |
0.000 |
|
|
|
Other Income |
|
17.575 |
13.120 |
|
|
|
TOTAL (A) |
2688.418 |
643.595 |
13.120 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
457.240 |
0.000 |
|
|
|
Purchases of Stock-in-Trade |
|
510.576 |
0.000 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
|
(341.448) |
0.000 |
|
|
|
Employees benefits expense |
|
24.881 |
0.542 |
|
|
|
Other expenses |
|
44.579 |
8.396 |
|
|
|
TOTAL (B) |
2776.493 |
695.828 |
8.938 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(including
Financial and Depreciation Expenses) |
(52.233) |
4.182 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
0.677 |
0.052 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
(52.910) |
4.130 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
13.423 |
2.590 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(88.075) |
(66.333) |
1.540 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
(0.225) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
(88.075) |
(66.333) |
1.765 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
23.565 |
9.322 |
0.000 |
|
|
TOTAL EARNINGS |
23.565 |
9.322 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(1731.85) |
(1540.83) |
85.70 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from (used in) Operations |
(195.147) |
(109.704) |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
NA |
(10.60) |
0.00 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
NA |
(8.34) |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(3.26) |
(3.74) |
0.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.15) |
(0.10) |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.14 |
1.35 |
43.66 |
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 |
3.748 |
5.086 |
5.086 |
|
Reserves & Surplus |
348.688 |
667.330 |
579.255 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
352.436 |
672.416 |
584.341 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
13.120 |
643.595 |
2688.418 |
|
|
|
4,805.450 |
317.719 |
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 |
13.120 |
643.595 |
2688.418 |
|
Profit/ (Loss) |
1.765 |
(66.333) |
(88.075) |
|
|
13.45% |
(10.31%) |
(3.28%) |
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 |
No |
|
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 |
No |
|
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 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 |
No |
|
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 CHARGES: NO
CHARGES EXIST FOR COMPANY
CORPORATE INFORMATION [AS ON 31.03.2014]
Subject (formerly known as
Nippon Transcore Private Limited till 24 May, 2012) was incorporated on 22
July, 1992 under the Companies Act, 1956. The Company has a manufacturing
facility in Daman and warehouses in Taloja, Mumbai. The Company has during the
previous year ended 31 March, 2013, started the operations of trading of CRGO
("Cold Rolled Grain Oriented") steel coils and steel plates and
manufacturing of CRGO transformer lamination/core. With effect from 24 October,
2011, the Company became a subsidiary of NLMK International B.V. (the Holding
Company) on account of purchase of shares of existing shareholders of the
Company by NLMK International B.V. and Novex Trading Company. The ultimate
Holding Company is OJSC Novolipetsk Steel, Russia.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer
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. 66.75 |
|
|
1 |
Rs. 99.61 |
|
Euro |
1 |
Rs. 70.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
IND |
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 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
|
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.