MIRA INFORM REPORT
|
Report No. : |
306556 |
|
Report Date : |
05.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
ELECTROMECH
MATERIAL HANDLING SYSTEMS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gate No. 316,
Plot No. IA/IB, At P Kasar Amboli, Industrial Zone, Taluka Mulshi, Pune –
411004, Maharashtra |
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|
|
|
Country : |
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|
Financials (as on)
: |
31.03.2014 |
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|
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|
Date of
Incorporation : |
08.05.1996 |
|
|
|
|
Com. Reg. No.: |
11-099346 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs.50.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31109PN1996PTC099346 |
|
|
|
|
TIN No.: |
Not Available |
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|
|
IEC No.: |
3104014311 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEE01757A |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCE2527J |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
The Company is engaged in manufacturing and selling of
wide range of Cranes, Hoists and related services. |
|
|
|
|
No. of Employees
: |
350 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. The rating takes in to consideration established presence of EMHS in
the domestic overhead travelling crane manufacturing industry supported by
promoter’s experience in the field and strong management profile and sound
financial base of the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade terms
and condition. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Cash Credit = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
September 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Fund Based Facilities = A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
September 2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Pushkar Deodhar |
|
Designation : |
General Manager Finance |
|
Contact No.: |
91-8378949649 |
|
Date : |
04.02.2015 |
LOCATIONS
|
Registered Office / Factory 1 / Corporate Office : |
Gate No. 316,
Plot No. IA/IB, At P Kasar Amboli, Industrial Zone, Taluka Mulshi, Pune –
411004, Maharashtra, India |
|
Tel. No.: |
91-20-22922222 / 66542222 |
|
Mobile No.: |
91-8378949649 (Mr. Pushkar Deodhar) |
|
Fax No.: |
91-20-22923300 / 66542222 |
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E-Mail : |
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|
Website : |
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|
Area : |
10000 Sq. Ft. |
|
Location : |
Owned |
|
|
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Factory 2 : |
16/3, F – 2 Block, M.I.D.C. Pimpari, Pune – 411018, Maharashtra, India
|
|
Tel. No.: |
91-20-27473666 |
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Fax No.: |
91-20-27472278 |
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Sales and Service Network : |
Ahmedabad Office Shop No.8, Sayam Mall, Satellite, Ahmedabad - 380015,
Gujarat, India Bangalore Office No. 22, 3rd Floor, Above Bombay Dyeing Showroom, 5th cross, 5th Block, Koramangala, Bangalore - 500095, Karnataka, India Chennai Office No. 6, 5th Floor, B wing, Gemini Parsn Manere No. 602, Anna Salai, Chennai -600006, Tamilnadu, India Delhi Office 812, Pearl
Best Heights - II, Netaji Subhash Place, New Delhi – 110034, India Kolkata 716, Jogendra Gardens, Ground Floor, Bosepukar, Kolkata - 700078, West Bengal, India Mumbai Office A-103, Royale, Neelkanth Palms, Kapurbawdi, sThane (West) - 400607, Maharashtra, India |
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|
|
|
Overseas Office: |
Electromech FZE, LOB 19 1002, P.O. Box 263019, Jebel Ali
Free Zone, Dubai - UAE |
|
Tel No.: |
971-4-8857466 |
|
Fax No.: |
971-4-8857655 |
DIRECTORS
As on 22.08.2014
|
Name : |
|
|
Designation : |
Managing director |
|
Address : |
Flat No. 2,
Nishigandha Apartments, Prabhat Road, CTT CTS 105/6FP No. 64/6, Pune – 411004, Maharashtra, India |
|
Date of Birth/Age : |
02.11.1975 |
|
Qualification : |
B.E., M.S. |
|
Date of Appointment : |
09.04.1996 |
|
PAN No.: |
ACDPM3069L |
|
DIN No.: |
01846705 |
|
|
|
|
Name : |
Mr. Prakash Bagla |
|
Designation : |
Director |
|
Address : |
Flat No.603C,
Vastu Sidhi, Rajmata Jijabai Road, Near Pump House, Andheri (East), Mumbai –
400093, Maharashtra, India |
|
Date of Birth/Age : |
11.11.1975 |
|
Date of Appointment : |
28.02.2011 |
|
DIN No.: |
03043874 |
|
|
|
|
Name : |
|
|
Designation : |
Director |
|
Address : |
Flat No. 2,
Nishigandha Apartments, Prabhat Road, CTT CTS 105/6FP No. 64/6, Pune – 411004, Maharashtra, India |
|
Date of Birth/Age : |
12.09.1976 |
|
Date of Appointment : |
01.01.2007 |
|
PAN No.: |
AGWPM7216N |
|
DIN No.: |
00434591 |
|
|
|
|
Name : |
Mr. Charuchandra
Ganesh Patankar |
|
Designation : |
Director |
|
Address : |
616, Sindh
Housing Society, RD 6, Aundh, Pune – 411007, Maharashtra, India |
|
Date of Birth/Age : |
06.06.1956 |
|
Date of Appointment : |
30.06.2012 |
|
DIN No.: |
00136573 |
|
|
|
|
Name : |
Mr. Prakash
Manohar Kulkarni |
|
Designation : |
Director |
|
Address : |
Flat No. G 703
and 803, Rohang Arima, Shivaji Nagar, Pune – 411016, Maharashtra, India |
|
Date of Birth/Age : |
09.06.1947 |
|
Date of Appointment : |
30.06.2012 |
|
DIN No.: |
00019652 |
KEY EXECUTIVES
|
Name : |
Mr. Pushkar Deodhar |
|
Designation : |
General Manager Finance |
MAJOR SHAREHOLDERS
As on 22.08.2014
|
Names of Shareholders |
|
No. of Shares |
|
Mehendale Vinayak Tushar |
|
3916117 |
|
Mehendale Vinayak Surekha |
|
247666 |
|
Mehendale Tushar Awanti |
|
233000 |
|
Mehendale Vinayak Kedar |
|
125055 |
|
Tushar Vinayak Mehendale |
|
85254 |
|
Tushar Vinayak Mehendale |
|
3030 |
|
Tushar Vinayak Mehendale |
|
4326 |
|
Kedar Vinayak Mehendale |
|
64005 |
|
Kedar Vinayak Mehendale |
|
3167 |
|
Kedar Vinayak Mehendale |
|
2773 |
|
Surekha Vinayak Mehendale |
|
64042 |
|
Surekha Vinayak Mehendale |
|
3158 |
|
Surekha Vinayak Mehendale |
|
21134 |
|
India Busines Excellence Fund 1, India |
|
152273 |
|
ILFS Trust Company, India |
|
75000 |
|
Total |
|
5000000 |
Equity Share Break up (Percentage of Total Equity)
As on 22.08.2014
|
Category |
Percentage |
|
Mutual Funds |
2.84 |
|
Directors or relatives of Directors |
92.14 |
|
Others |
5.02 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20306556_MIRA%2005-Feb-2015_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in manufacturing and selling of
wide range of Cranes, Hoists and related services. |
|
|
|
|
Products : |
Cranes and Hoists |
|
|
|
|
Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material and Machinery |
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Countries : |
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Terms : |
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Selling : |
Cash and Cheque |
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Purchasing : |
Cash and Cheque |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
350 (Approximately) |
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Bankers : |
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Facilities : |
Fund and Non Fund baking Facilities = Rs.1050.000 Millions
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|
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Auditors : |
|
|
Name : |
B K Khare and Company Chartered
Accountants |
|
Address : |
Prabhat Road, Erandwane, Pune, Maharashtra, India |
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PAN No.: |
AAAFB0265E |
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|
|
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Memberships : |
-- |
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Collaborators : |
-- |
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Wholly owned
subsidiaries : |
CIN No.: U74990PN2009PTC139931
CIN No.: U74900PN2013PTC146802
|
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Fellow Subsidiary
Company : |
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Associate Companies
: |
CIN No.: U45200PN2010PTC151111
CIN No.: U35110PN2008PTC131226
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Entities in which
Key Management Personnel and / or their relatives exercise significant
influence : |
CIN No.: U74900PN2013PTC147706 |
CAPITAL STRUCTURE
As on 22.08.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs.10/- each |
Rs.80.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
50.000 |
50.000 |
50.000 |
|
(b) Reserves & Surplus |
411.567 |
379.160 |
364.790 |
|
(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) |
461.567 |
429.160 |
414.790 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
400.000 |
400.344 |
401.136 |
|
(b) Deferred tax liabilities (Net) |
31.828 |
28.455 |
27.144 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
11.237 |
0.000 |
1.515 |
|
Total Non-current
Liabilities (3) |
443.065 |
428.799 |
429.795 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
138.650 |
137.781 |
226.854 |
|
(b) Trade
payables |
234.546 |
171.693 |
295.173 |
|
(c) Other
current liabilities |
174.104 |
200.204 |
306.121 |
|
(d) Short-term
provisions |
41.936 |
18.463 |
18.908 |
|
Total Current
Liabilities (4) |
589.236 |
528.141 |
847.056 |
|
|
|
|
|
|
TOTAL |
1,493.868 |
1,386.100 |
1,691.641 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
493.483 |
481.556 |
491.680 |
|
(ii)
Intangible Assets |
1.007 |
0.946 |
1.660 |
|
(iii)
Capital work-in-progress |
8.968 |
8.968 |
8.968 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
116.199 |
99.699 |
99.699 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
56.084 |
73.341 |
65.610 |
|
Total Non-Current
Assets |
675.741 |
664.510 |
667.617 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
17.534 |
|
(b)
Inventories |
198.696 |
248.991 |
281.364 |
|
(c) Trade
receivables |
553.433 |
422.913 |
613.933 |
|
(d) Cash
and cash equivalents |
35.418 |
15.599 |
54.490 |
|
(e)
Short-term loans and advances |
23.222 |
25.192 |
44.556 |
|
(f) Other
current assets |
7.358 |
8.895 |
12.147 |
|
Total
Current Assets |
818.127 |
721.590 |
1,024.024 |
|
|
|
|
|
|
TOTAL |
1,493.868 |
1,386.100 |
1,691.641 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
1512.000 |
1148.100 |
1655.000 |
|
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
||
|
|
EXPENSES |
NA |
NA |
NA |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
NA |
134.100 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
NA |
NA |
20.500 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS) BEFORE
TAX |
NA |
NA |
113.600 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
NA |
NA |
38.000 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
67.500 |
26.100 |
75.600 |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
280.500 |
268.100 |
215.100 |
||
|
|
|
|
|
|
||
|
Less |
APPROPRIATIONS |
|
|
|
||
|
|
|
Transfer to General Reserve |
NA |
2.000 |
8.000 |
|
|
|
|
Dividend |
NA |
1.700 |
2.100 |
|
|
|
|
Tax on Dividend |
NA |
10.000 |
12.500 |
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
280.500 |
268.100 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Export Earnings |
102.977 |
18.680 |
39.763 |
|
|
|
TOTAL EARNINGS |
102.977 |
18.680 |
39.763 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
152.481 |
171.129 |
237.344 |
|
|
|
TOTAL IMPORTS |
152.481 |
171.129 |
237.344 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (Rs.) |
13.50 |
5.22 |
15.12 |
||
Expected Sales (2014-2015): Rs.1800.000 Millions
The above information has been parted by Mr. Pushkar Deodhar
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
4.46 |
2.27 |
4.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
NA |
7.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
NA |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.17 |
1.25 |
1.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.39 |
1.37 |
1.21 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs. In
Millions |
|
Share Capital |
50.000 |
50.000 |
50.000 |
|
Reserves & Surplus |
364.790 |
379.160 |
411.567 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
414.790 |
429.160 |
461.567 |
|
|
|
|
|
|
Long Term borrowings |
401.136 |
400.344 |
400.000 |
|
Short Term borrowings |
226.854 |
137.781 |
138.650 |
|
Total
borrowings |
627.990 |
538.125 |
538.650 |
|
Debt/Equity
ratio |
1.514 |
1.254 |
1.167 |
%20PRIVATE%20LIMITED%20-%20306556_MIRA%2005-Feb-2015_files/image015.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
1,655.000 |
1,148.100 |
1,512.000 |
|
|
|
(30.628) |
31.696 |
%20PRIVATE%20LIMITED%20-%20306556_MIRA%2005-Feb-2015_files/image017.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
1,655.000 |
1,148.100 |
1,512.000 |
|
Profit |
75.600 |
26.100 |
67.500 |
|
|
4.57% |
2.27% |
4.46% |
%20PRIVATE%20LIMITED%20-%20306556_MIRA%2005-Feb-2015_files/image019.gif)
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
Rs.
In Millions
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long term debt |
0.344 |
0.792 |
19.757 |
|
Total |
0.344 |
0.792 |
19.757 |
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Millions |
31.03.2013 Rs. In Millions |
|
LONG TERM BORROWINGS |
|
|
|
Fully convertible debentures others |
400.000 |
400.000 |
|
Loans taken for fixed assets |
0.000 |
0.344 |
|
Total |
400.000 |
400.344 |
CORPORATE
INFORMATION
Subject is private limited company domiciled in India and incorporated under the provision of The Companies Act, 1956. The Company is engaged in manufacturing and selling of wide range of Cranes, Hoists and related services. The Company caters to both domestic and international markets.
OUTLOOK FOR
THE FUTURE
The current order book position is healthy and enquiries have been good for specialized cranes. This augurs well for the Company. Barring unforeseen circumstances the current year should be a favorable one for the Company.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10456855 |
07/10/2013 |
150,000,000.00 |
Kotak Mahindra Bank Limited |
36-38 A, Nariman Bhavan, 227,D, Nariman Point, Mumbai, Maharashtra - 400021, India |
B87683207 |
|
2 |
10368141 |
09/07/2012 |
150,000,000.00 |
Kotak Mahindra Bank Limited |
36-38 A, Nariman Bhavan, 227,D, Nariman Point, Mumbai, Maharashtra - 400021, India |
B44720456 |
|
3 |
90093359 |
07/10/2013 * |
918,000,000.00 |
State Bank of India |
I.F.
Branch,Tara Chambers, Old Mumbai-Pune Highway, |
B87682746 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.61.74 |
|
UK Pound |
1 |
Rs.92.71 |
|
Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
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 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
47 |
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.