MIRA INFORM REPORT
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Report No. : |
355791 |
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Report Date : |
21.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
THYSSENKRUPP INDUSTRIAL SOLUTIONS (INDIA) PRIVATE LIMITED (w.e.f. 07.10.2014) |
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Formerly Known
As : |
UHDE INDIA PRIVATE LIMITED |
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Registered
Office : |
Uhde House L B S Marg, Vikhroli (West), Mumbai – 400083, Maharashtra |
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Tel. No.: |
91-22-66124262 |
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Country : |
India |
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Financials (as
on) : |
31.03.2015 |
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Date of Incorporation
: |
23.12.1977 |
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Com. Reg. No.: |
11-020041 |
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Capital
Investment / Paid-up Capital : |
Rs. 29.440 Million |
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CIN No.: [Company Identification
No.] |
U74200MH1977PTC020041 |
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IEC No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMU00244G |
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PAN No.: [Permanent Account No.] |
AAACU1416H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in providing consultancy services, consisting of basic engineering, extended Basic engineering, detailed engineering, procurement, construction supervision and supervision of commissioning. (Registered Activity) |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (70) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a step down subsidiary of “Thyssenkrupp AG”. The company provides EPC management services and executes lump-sum turnkey projects for the chemicals, petrochemicals, fertilisers, cryogenic storage, and refinery industries, and provides basic and detailed offshore engineering support for ThyssenKrupp's global operations. For the financial year ended 2015, revenue of the company has been declined which has resulted into dip in profit during the year under review. Rating takes into consideration established market position in the engineering, procurement, and construction (EPC) segment in India, backed by strong business linkages with parent Thyssenkrupp AG. Ratings also factor in company's healthy financial profile marked by comfortable capital structure and adequate liquidity position along with healthy debt coverage indicators. However, rating strength is partially offset by exposure to intense competition and to cyclicality in the EPC segment resulting in fluctuations in operating margin, large working capital requirement, and substantial exposure to group companies. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitment. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating : A+ |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
03.12.2015 |
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Rating Agency Name |
CRISIL |
|
Rating |
Short term rating : A1 |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
03.12.2015 |
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
31-03-2015.
INFORMATION DECLINED
Management non-cooperative (91-22-40478000)
LOCATIONS
|
Registered Office : |
Uhde House L B S Marg, Vikhroli (West) Mumbai – 400083, Maharashtra,
India |
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Tel. No.: |
91-22-66124262/40478000 |
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Fax No.: |
91-22-26780210/25784327 |
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E-Mail : |
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Website : |
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Pune Office : |
Dugal Plaza, 3rd Floor, Prem Nagar, Bibwewadi Road,
Pune-411037, Maharashtra, India |
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Tel. No.: |
91-20-66081100 |
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Fax No.: |
91-20-66081300 |
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E-Mail : |
DIRECTORS
As on 31.03.2015
|
Name : |
Mr. Prakash Dinkar Samudra |
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Designation : |
Managing Director |
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Address : |
Plot No. 26/B, Apartment No. 901 and 902, 9th Floor, Vastu CHS, Dr. Thadani Marg, Worli, Mumbai-400030, Maharashtra, India |
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Date of Birth/Age : |
05.07.1951 |
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Date of Appointment : |
01.07.2014 |
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DIN No.: |
00062355 |
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Name : |
Benno Hans Lueke |
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Designation : |
Director |
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Address : |
Flat No. 901 and 902, Vastu C.H.S. 26B, Dr. R.G. Thadani Marg, Mumbai –
400030, Maharashtra, India |
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Date of Birth/Age : |
13.02.1962 |
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Date of Appointment : |
19.09.2014 |
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DIN No.: |
02634507 |
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Name : |
Mr. Rajendra Ambalal Shah |
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Designation : |
Alternate Director |
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Address : |
Panorama 2nd Floor 203, Walkeshwar Road, Mumbai – 400006,
Maharashtra, India |
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Date of Birth/Age : |
07.07.1931 |
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Date of Appointment : |
19.09.2014 |
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DIN No.: |
00009851 |
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Name : |
Mr. Jayantilal Ranchoddas Shah |
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Designation : |
Director |
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Address : |
20 CCT Chambers 2nd Fldinshaw Wachha Road, Mumbai – 400020,
Maharashtra, India |
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Date of Birth/Age : |
16.02.1923 |
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Date of Appointment : |
23.12.1977 |
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DIN No.: |
00020723 |
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Name : |
Thampi Trivikraman Kunjukuttan |
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Designation : |
Director |
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Address : |
F 20, 601, Green Crest Yamuna Nagar, Andheri (West), Mumbai – 400053,
Maharashtra, India |
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Date of Birth/Age : |
15.08.1927 |
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Date of Appointment : |
01.01.1978 |
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DIN No.: |
00043445 |
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Name : |
Mr. Nilesh Raghunath Chitre |
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Designation : |
Whole-time Director |
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Address : |
B 902, 9th Floor, Ajmera, Prestine, Yogi Nagar, Borivali
(West), Mumbai – 400091, Maharashtra, India |
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Date of Birth/Age : |
25.08.1963 |
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Date of Appointment : |
21.03.2014 |
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DIN No.: |
06467442 |
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|
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Name : |
Dara Nadirshaw Damania |
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Designation : |
Director |
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Address : |
11, Abbas Road, 11 GG Thakar Road, Pune – 411001, Maharashtra, India |
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Date of Birth/Age : |
02.12.1936 |
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Date of Appointment : |
07.06.1996 |
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DIN No.: |
00403834 |
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Name : |
Hans Theo Kuhr |
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Designation : |
Director |
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Address : |
Spechtweg, Krefeld, Germany - 47804 |
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Date of Birth/Age : |
14.03.1956 |
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Date of Appointment : |
06.06.2014 |
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DIN No.: |
06892004 |
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Name : |
Bansidhar Sunderlal Mehta |
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Designation : |
Alternate Director |
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Address : |
5th Floor, Maheshwari Mansion, 34-Napean Sea Road, Mumbai-400006, Maharashtra, India |
|
Date of Appointment : |
17.07.2015 |
|
DIN No.: |
00035019 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2015
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Thyssenkrupp
Industrial Solutions AG, Germany |
2368000 |
80.43 |
|
Kingfisher Finvest I Limited, India |
256000 |
8.70 |
|
Rajendra Ambalal Shah |
62500 |
2.12 |
|
Jayant shah |
76800 |
2.61 |
|
Urmila Jayant Shah |
76800 |
2.61 |
|
Ranjit Jayant Shah |
76800 |
2.61 |
|
Mona Shah |
25600 |
0.87 |
|
Shefal Rajendra Shah |
1500 |
0.05 |
|
Total |
2944000 |
100.00 |
%20PRIVATE%20LIMITED%20-%20355791_MIRA%2021-Dec-2015_files/image001.gif)
Equity Share Break up (Percentage of Total Equity)
As on 20.03.2015
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
80.43 |
|
Bodies corporate |
8.69 |
|
Directors or relatives of Directors |
10.88 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in providing consultancy services,
consisting of basic engineering, extended Basic engineering, detailed
engineering, procurement, construction supervision and supervision of
commissioning. (Registered
Activity) |
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Products / Services : |
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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 : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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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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Auditors : |
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Name : |
Price Waterhouse and Co. Chartered Accountant LLP Chartered Accountants |
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Address : |
252, Veer Savarkar Marg, Shivaji Park, Dadar (West), Mumbai-400028, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAHFP0187A |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding company : |
Thyssenkrupp Industrial Solutions A.G, Germany |
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Ultimate Holding
company : |
Thyssenkrupp A.G., Germany |
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Fellow Subsidiary
companies : |
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CAPITAL STRUCTURE
As on 24.09.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2944000 |
Equity Shares |
Rs.10/- each |
Rs. 29.440
Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 (6 Months) |
30.09.2014 (12 months) |
30.09.2013 (12 months) |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
29.440 |
29.440 |
29.440 |
|
(b) Reserves & Surplus |
2651.864 |
2462.726 |
2009.195 |
|
(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) |
2681.304 |
2492.166 |
2038.635 |
|
|
|
|
|
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(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 |
59.710 |
|
(d) long-term
provisions |
101.694 |
39.618 |
38.812 |
|
Total Non-current
Liabilities (3) |
101.694 |
39.618 |
98.522 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
340.299 |
630.367 |
36.914 |
|
(b) Trade
payables |
481.214 |
694.808 |
1404.413 |
|
(c) Other
current liabilities |
2486.582 |
2918.097 |
3556.960 |
|
(d) Short-term
provisions |
345.114 |
413.922 |
437.358 |
|
Total Current
Liabilities (4) |
3653.209 |
4657.194 |
5435.645 |
|
|
|
|
|
|
TOTAL |
6436.207 |
7188.978 |
7572.802 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
732.897 |
674.087 |
693.750 |
|
(ii)
Intangible Assets |
12.759 |
21.785 |
36.062 |
|
(iii)
Capital work-in-progress |
7.674 |
5.473 |
3.857 |
|
(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) |
68.954 |
122.786 |
232.833 |
|
(d) Long-term Loan and Advances |
667.747 |
667.424 |
607.926 |
|
(e) Other
Non-current assets |
7.955 |
7.803 |
6.557 |
|
Total Non-Current
Assets |
1497.986 |
1499.358 |
1580.985 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.898 |
0.662 |
0.073 |
|
(c) Trade
receivables |
888.213 |
993.314 |
2028.262 |
|
(d) Cash
and cash equivalents |
1020.241 |
2531.643 |
863.905 |
|
(e)
Short-term loans and advances |
2724.151 |
1911.855 |
2778.489 |
|
(f) Other
current assets |
304.718 |
252.146 |
321.088 |
|
Total
Current Assets |
4938.221 |
5689.620 |
5991.817 |
|
|
|
|
|
|
TOTAL |
6436.207 |
7188.978 |
7572.802 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 (6 Months) |
30.09.2014 (12 months) |
30.09.2013 (12 months) |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1766.219 |
6291.759 |
|
|
|
|
Other Income |
332.180 |
572.639 |
|
|
|
|
TOTAL (A) |
2098.399 |
6864.398 |
5262.004 |
|
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
304.518 |
2885.056 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(3.508) |
29.164 |
|
|
|
|
Employees benefits expense |
1059.282 |
1919.127 |
|
|
|
|
Other expenses |
398.656 |
928.333 |
|
|
|
|
Exceptional Items |
(118.629) |
0.000 |
|
|
|
|
TOTAL (B) |
1640.319 |
5761.680 |
4895.214 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
458.080 |
1102.718 |
NA |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
26.383 |
30.990 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
431.697 |
1071.728 |
NA |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
52.859 |
111.749 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
378.838 |
959.979 |
366.790 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
138.206 |
329.817 |
114.340 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
240.632 |
630.162 |
252.450 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
667.902 |
667.370 |
526.270 |
|
|
|
|
|
|
|
|
|
Less |
Adjustment for
Depreciation (net of deferred tax) |
16.060 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General
Reserve |
24.060 |
453.000 |
25.240 |
|
|
|
Proposed Dividend - Final
|
5.990 |
29.430 |
12.510 |
|
|
|
Tax on Dividend |
29.440 |
147.200 |
73.600 |
|
|
BALANCE CARRIED
TO THE B/S |
832.984 |
667.902 |
667.370 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (Rs.) |
81.74 |
214.05 |
85.75 |
|
%20PRIVATE%20LIMITED%20-%20355791_MIRA%2021-Dec-2015_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20355791_MIRA%2021-Dec-2015_files/image004.gif){kind=small}
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 (6 Months) |
30.09.2014 (12 months) |
30.09.2013 (12 months) |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
(592.409) |
618.728 |
527.192 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 (6 Months) |
30.09.2014 (12 months) |
30.09.2013 (12 months) |
|
Net Profit Margin (PAT / Sales) |
(%) |
13.62 |
10.02 |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
25.94 |
17.53 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.96 |
13.60 |
5.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.39 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.13 |
0.25 |
0.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35 |
1.22 |
1.10 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
30.09.2013 |
30.09.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
29.440 |
29.440 |
29.440 |
|
Reserves & Surplus |
2009.195 |
2462.726 |
2651.864 |
|
Net
worth |
2038.635 |
2492.166 |
2681.304 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
36.914 |
630.367 |
340.299 |
|
Total
borrowings |
36.914 |
630.367 |
340.299 |
|
Debt/Equity
ratio |
0.018 |
0.253 |
0.127 |
%20PRIVATE%20LIMITED%20-%20355791_MIRA%2021-Dec-2015_files/image002.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
30.09.2013 |
30.09.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
5262.004 |
6864.398 |
2098.399 |
|
|
|
30.452 |
(69.431) |
%20PRIVATE%20LIMITED%20-%20355791_MIRA%2021-Dec-2015_files/image005.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
30.09.2013 |
30.09.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
5262.004 |
6864.398 |
2098.399 |
|
Profit |
252.450 |
630.162 |
240.632 |
|
|
4.80% |
9.18% |
11.47% |
%20PRIVATE%20LIMITED%20-%20355791_MIRA%2021-Dec-2015_files/image006.gif)
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 |
No |
|
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) |
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 around two year
6 months |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last around two year 6
months |
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 |
CHANGE OF NAME:
The Company has changed its name from “Uhde India Private Limited” to “ThyssenKrupp Industrial Solutions (India) Private Limited.” with effect from 7th October, 2014. The change of name was approved by the members at the Extra Ordinary General Meeting of the Company held on 13th August, 2014. The Registrar of Companies, Mumbai, has on 7th October, 2014, issued the new Certificate of Incorporation recording the change in the name of the Company.
UNSECURED LOAN
(Rs.
In Million)
|
PARTICULARS |
31.03.2015 (6 Months) |
30.09.2014 (12 months) |
|
Short-term
borrowings |
|
|
|
Other Loans and Advances (Payable to Related Parties Under Cash Pool Arrangement: Rs. 340.299 Million (Previous Years Rs.630.367 Million) |
340.299 |
630.367 |
|
Total |
340.299 |
630.367 |
INDEX
OF CHARGES: No Charges Exist for Company
FIXED ASSETS
- Land
- Buildings
- Residential building
- Office building
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
- Other equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.42 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.72.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILITY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
|
70 |
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.