MIRA
INFORM REPORT
|
Report No. : |
305690 |
|
Report Date : |
09.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
ROXUL-ROCKWOOL INSULATION INDIA PRIVATE LIMITED |
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|
|
|
Registered
Office : |
Plot No. Z/4, Dahej SEZ, Dahej Bharuch – 392130, |
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Country : |
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Financials (as
on) : |
31.12.2012 |
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Date of
Incorporation : |
02.09.2008 |
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Com. Reg. No.: |
04-054942 |
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Capital
Investment / Paid-up Capital : |
Rs. 283.680 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26957GJ2008PTC054942 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAECR1248L |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Stone Wool Insulation Materials and Related Products. |
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|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1100000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. Management of the company has failed to file its financial for the
year 2014 with government department. As per registrar of companies the date of balance sheet i.e.
financials filed is shown as 31st march 2013 but the documents
related to the financials for the year 2013 are not available from any
sources. As per available information the company had accumulated losses in the
year 2011. However, trade relations seem to be fair. Business is active. Payment
terms are reported to be unknown. The company can be considered for business for business dealing with
caution. |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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|
|
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Suresh |
|
Designation : |
Head of Public |
|
Contact No.: |
91-264-2226928 |
|
Date : |
28.01.2015 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No. Z/4, Dahej SEZ, Dahej Bharuch – 392130, Gujarat, India |
|
Tel. No.: |
91-2641-619400 |
|
Fax No.: |
91-2641-256292 |
|
E-Mail : |
DIRECTORS
As on: 27.06.2014
|
Name : |
Mr. Robert Peter Leonard Maria Meevis |
|
Designation : |
Director |
|
Address: |
Kloosterstraat 39, CA Steljl, 5935 Netherlands |
|
Date of Birth: |
16.09.1968 |
|
Date of Appointment : |
18.08.2011 |
|
DIN No.: |
03590940 |
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|
|
|
Name : |
Joergen Amtoft |
|
Designation : |
Director |
|
Address : |
Mosevaenget 2 Arden 9510, Danish |
|
Date of Birth/Age : |
21.04.1961 |
|
Date of Appointment : |
11.04.2012 |
|
DIN No.: |
05235100 |
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|
|
|
Name : |
Klaus Hermann Franz |
|
Designation : |
Director |
|
Address : |
Kuhlenkoetterweg 26, Bochum 44795 |
|
Date of Birth/Age : |
05.02.1953 |
|
Date of Appointment : |
11.04.2012 |
|
DIN No.: |
05238441 |
KEY EXECUTIVES
|
Name : |
Mr. Suresh |
|
Designation : |
Head of Public |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 27.06.2014
|
Names of Shareholders |
No. of Shares |
|
Rockwool International A/S, Denmark |
39458624 |
|
Rockwool A/S, Denmark |
1 |
|
TOTAL
|
39458625 |
Equity Share Break up (Percentage of Total Equity)
As on27.06.2014
|
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 |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Stone Wool Insulation Materials and Related Products. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
Not Available |
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|
|
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Auditors : |
|
|
Name : |
S. V. Ghatalia and Associates Chartered Accountant |
|
Address : |
2nd Floor, Shivalik Ishaan, Near C. N. Vidhyalaya,
Ambawadi, Ahmedabad – 380015, Gujarat, India |
|
Tel No.: |
91-79-66083800 |
|
Fax No.: |
91-79-66083900 |
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PAN No.: |
AACFS6921Q |
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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Holding Company : |
·
Rockwool International A/s, Denmark. |
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|
Joint Ventures : |
·
KAEFER Private Limited |
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|
|
|
Associates: |
·
Deutsche Rockwool Mineralwoll Gmbh and Company,
Germany ·
Rockwool Mineralwolle GmbH, Germany ·
Rockwool Polska Sp. zoo., Poland ·
RoulAsia SDN BHD, Malaysia ·
Rockwool B.V, Netherlands ·
Rockwool Adriatic Doo, Croatia ·
Rockwool Limited, United Kingdom ·
Roxul-Rockwool Technical Insulation Middle East
FZE, United Arab Emirates ·
Roxul Rockwool Technical Insulation India Private
Limited, CIN:
U26900GJ2010FTC059332 ·
Rockwool Firesafe Insulation (Shanghai) Company
Limited, China ·
Rockwool Building Materials Limited, Hong Kong ·
Bartosz Stentoft, Netherlands |
CAPITAL STRUCTURE
As on 27.06.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs. 500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
39458625 |
Equity Shares |
Rs.10/- each |
Rs. 394.586
Millions |
|
|
|
|
|
As on 31.12.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs. 300.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
28368000 |
Equity Shares |
Rs.10/- each |
Rs. 283.680
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.12.2012 |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
283.680 |
71.700 |
|
(b) Reserves & Surplus |
|
119.713 |
(257.277) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
403.393 |
(185.577) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
841.821 |
1209.949 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
1.688 |
1.065 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
843.509 |
1211.014 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
295.000 |
|
(b) Trade payables |
|
135.029 |
74.088 |
|
(c) Other current
liabilities |
|
851.019 |
451.658 |
|
(d) Short-term provisions |
|
1.803 |
1.087 |
|
Total Current Liabilities (4) |
|
987.851 |
821.833 |
|
|
|
|
|
|
TOTAL |
|
2234.753 |
1847.270 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
1562.180 |
1555.814 |
|
(ii) Intangible Assets |
|
9.196 |
11.674 |
|
(iii) Capital
work-in-progress |
|
76.627 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
31.715 |
35.101 |
|
(e) Other Non-current assets |
|
0.000 |
0.010 |
|
Total Non-Current Assets |
|
1679.718 |
1602.599 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
163.713 |
106.369 |
|
(c) Trade receivables |
|
248.772 |
78.211 |
|
(d) Cash and cash
equivalents |
|
104.945 |
40.671 |
|
(e) Short-term loans and
advances |
|
36.884 |
19.392 |
|
(f) Other current assets |
|
0.721 |
0.028 |
|
Total Current Assets |
|
555.035 |
244.671 |
|
|
|
|
|
|
TOTAL |
|
2234.753 |
1847.270 |
|
SOURCES OF FUNDS |
|
|
31.12.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
71.700 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
214.800 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
286.500 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
1201.344 |
|
|
TOTAL BORROWING |
|
|
1201.344 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1487.844 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
92.903 |
|
|
Capital work-in-progress |
|
|
890.922 |
|
|
Expenditure During Construction Period, Pending Allocation |
|
|
122.521 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
562.453 |
|
|
Other Current Assets |
|
|
1.130 |
|
|
Loans & Advances |
|
|
17.267 |
|
Total
Current Assets |
|
|
580.850 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
218.441 |
|
|
Provisions |
|
|
1.583 |
|
Total
Current Liabilities |
|
|
220.023 |
|
|
Net Current Assets |
|
|
360.827 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
20.671 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1487.844 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
408.757 |
98.174 |
0.000 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL |
408.757 |
98.174 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
115.388 |
48.425 |
0.000 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(35.698) |
(16.505) |
0.000 |
|
|
|
Employees benefits expense |
84.626 |
43.570 |
1.619 |
|
|
|
Operating and Other Expenses |
327.363 |
281.151 |
6.403 |
|
|
|
TOTAL |
491.679 |
356.641 |
8.022 |
|
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(82.922) |
(258.467) |
(8.022) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
89.091 |
100.550 |
0.455 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(172.013) |
(359.017) |
(8.477) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
86.937 |
92.389 |
2.087 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(258.950) |
(451.406) |
(10.564) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(258.950) |
(451.406) |
(10.564) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
(472.077) |
(20.671) |
(10.107) |
|
|
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
(731.027) |
(472.077) |
(20.671) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN CURRENCY |
329.392 |
58.789 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings (loss)
Per Share (Rs.) |
(9.13) |
(62.90) |
(2.88)
|
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(63.35) |
(459.80) |
0.000 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
(20.29) |
(263.27) |
0.000 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(12.00) |
(24.44) |
(0.62) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.64) |
(2.43) |
(0.04) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.09 |
(8.11) |
4.19 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.56 |
0.30 |
2.64 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
71.700 |
283.680 |
|
Reserves & Surplus |
(257.277) |
119.713 |
|
Net worth |
(185.577) |
403.393 |
|
|
|
|
|
long-term borrowings |
1209.949 |
841.821 |
|
Short term borrowings |
295.000 |
0.000 |
|
Total borrowings |
1504.949 |
841.821 |
|
Debt/Equity ratio |
(8.110) |
2.087 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.12.2011 |
31.12.2012 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
98.174 |
408.757 |
|
|
|
316.360 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.12.2011 |
31.12.2012 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
98.174 |
408.757 |
|
Profit/Loss |
(451.406) |
(258.950) |
|
|
(459.80%) |
(63.35%) |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if
applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
No |
|
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 |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOAN
|
PARTICULARS |
31.12.2012 (Rs.
in Millions) |
31.12.2011 (Rs.
in Millions) |
|
Long Term Borrowing
|
|
|
|
Foreign currency term loans from others |
841.821 |
1209.949 |
|
Short Term
Borrowing |
|
|
|
Loans repayable on demand from banks |
0.000 |
295.000 |
|
Total |
841.821 |
1504.949 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
FIXED ASSETS:
· Leasehold Land
· Buildings
· Office Equipments
· Furniture, Fixtures and Fittings
· Computer Hardware
· 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.61.74 |
|
|
1 |
Rs.94.65 |
|
Euro |
1 |
Rs.70.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
SVC |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
28 |
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 |
-- |
s
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.