MIRA
INFORM REPORT
|
Report No. : |
306868 |
|
Report Date : |
13.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
PALL INDIA PRIVATE LIMITED |
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Formerly Known As : |
Pall pharmalab filtration private limited |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
06.06.1996 |
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Com. Reg. No.: |
11-100046 |
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Capital
Investment / Paid-up Capital : |
Rs.24.075 Millions |
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CIN No.: [Company
Identification No.] |
U33110MH1996PTC100046 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMP09069E |
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PAN No.: [Permanent
Account No.] |
AAACP5960H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Importer of Filtration, Separations and Purification, Technologies
that are used in Industry. |
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No. of Employees : |
Not Available |
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 |
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Maximum Credit Limit : |
USD 2925000 |
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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 an established company having good track record. Financial position of the company seems to be decent. Company also receives technological support from its parent company
i.e. Pall Corporation, USA. Trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitment. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRSIL |
|
Rating |
Short term rating = A1+ |
|
Rating Explanation |
Have very strong degree of safety and carry very high credit risk. |
|
Date |
14.04.2014 |
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.
LOCATIONS
|
Registered Office : |
|
|
Tel. No.: |
91-22-67995555 |
|
Fax No.: |
91-22-67995556 |
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E-Mail : |
sujith_embrandiri@pall.com praveen_ostwal@pall.com |
|
Website : |
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Warehouse : |
Arihant Commercial Complex, Building No. 13, Gala No. 1-2, Bhiwandi,
Maharashtra, India |
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Tel. No.: |
91-95-2522272537 |
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Branch Office 1 : |
No. 1, |
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Tel. No.: |
91-80-40164100 |
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Fax No.: |
91-80-41489454 |
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Branch Office 2 : |
Survey No. 237, IT Park Phase1, Hinjwadi, Pune-411057, |
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Tel. No.: |
91-20-66520001 |
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Fax No.: |
91-20-22934970 |
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Sales Office : |
Located At: ·
Chennai ·
Hyderabad ·
Kolkata ·
Delhi |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Naresh Narasimhan Guruguntala |
|
Designation : |
Managing Director |
|
Address : |
A-5, Shreeraj Apartments, Near Paldi Post Office, Fatehpura Paldi,
Ahmedabad – 380007, Gujarat, India |
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Date of Birth/Age : |
01.02.1973 |
|
Date of Appointment : |
05.01.2015 |
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Din No.: |
03395506 |
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Name : |
Mr. Eric Jean Marie Georges Gamier |
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Designation : |
Director |
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Address : |
Orchid bel Air, 13-03 245 Orchid Building, |
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Date of Birth/Age : |
30.03.1961 |
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Date of Appointment : |
30.05.2011 |
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Date of cessation : |
05.01.2015 |
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Din No.: |
03523814 |
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Name : |
Natalie Anne Coombs |
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Designation : |
Director |
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Address : |
45 Arcadia Rd, Glebe, New South Wales – 2037, Australia |
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Date of Birth/Age : |
23.01.1964 |
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Date of Appointment : |
01.03.2012 |
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Din No.: |
05183060 |
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Name : |
Roger Elmer Wolf |
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Designation : |
Director |
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Address : |
21 Fort Road, # 05-01, Singapore – 439089 |
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Date of Birth/Age : |
06.06.1951 |
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Date of Appointment : |
30.09.2013 |
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Din No.: |
06528467 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Pall Corporation INC, |
2401000 |
99.73 |
|
Pall Filtration and Separation Group INC,USA |
6500 |
0.27 |
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TOTAL
|
2407500 |
100.00 |
AS ON 30.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
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|
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Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Filtration, Separations and Purification,
Technologies that are used in Industry. |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
Not Available |
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Customers : |
Not Available |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
Note : The erstwhile Filtration Fluid Dynamics India Private Limited (FFDI) which was merged with the Company vide High Court order dated 12 April 2004 had received this amount towards interest free loan. The Company has made application to Reserve Bank of India for conversion of loan into equity and is currently awaiting the approval. |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Suresh
Surana & Associates LLP Chartered Accountant |
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Address : |
310,
Ahura Centre, 82, Mahakali
Caves Road,
Andheri (East)
Mumbai - 400093, Maharashtra,
India |
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PAN No: |
ACLFS1562L |
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Holding Company: |
Pall Corporation USA |
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Fellow Subsidiary : |
· Pall Filtersystems GmbH-Waldsteten · Pall Corporation-Trinity Micro · Pall France · Pall Corporation –Advanced Separations · Pall Exekia France · Pall Trincor · Pall Australia Pty Limited · Pall Corporation -Rai · Pall Filter (Beijing) Co. Limited -China · Pall Corporation -Flex · Pall Asia International Limited –Hongkong · Pall Aeropower Corporation · Pall Nihon Limited -Japan · Pall Medsep Corporation · Pall Korea Limited · Gelman Sciences Inc, Ann Arbor · Pall (Malaysia) Sdn Bhd · Pall Filtration and Separations Group In-Timonium · Pall New Zealand Limited · Pall Deland USA · Pall Filtration Pte Limited. –Singapore · Pall Canada Limited · Pall Singapore Taiwan Branch Holding Co Pte Limited · Pall Life Sciences Puerto Rico · Pall Phillipines Inc. · Pall Europe Limited -Portsmouth · Pall Fortebio · Pall Europe Limited –Redruth · Pall Corporation Filtration & Separations (Thailand) · Pall Italy · Pall Middle East FZE –Dubai · Pall International Sarl · PT Pall Filtration Indonesia · Pall Seitzschenk Bad Kreuzenk · Pall Ann Arbor Manufactur · Pall Genedisc Technologies · Pall South Africa (PTY) Limited |
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CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs.70.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2407500 |
Equity Shares |
Rs.10/- each
|
Rs.24.075
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
24.075 |
24.075 |
24.075 |
|
(b) Reserves & Surplus |
994.717 |
869.209 |
868.425 |
|
(c) Money received against share
warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money
pending allotment |
4.950 |
4.950 |
4.950 |
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Total
Shareholders’ Funds (1) + (2) |
1023.742 |
898.234 |
897.450 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
1.210 |
1.210 |
1.210 |
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(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 |
20.385 |
13.983 |
27.402 |
|
Total
Non-current Liabilities (3) |
21.595 |
15.193 |
28.612 |
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|
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(4) Current Liabilities |
|
|
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(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
578.189 |
460.242 |
444.055 |
|
(c) Other current liabilities |
266.246 |
202.392 |
187.529 |
|
(d) Short-term provisions |
21.624 |
16.112 |
13.219 |
|
Total
Current Liabilities (4) |
866.059 |
678.746 |
644.803 |
|
|
|
|
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TOTAL |
1911.396 |
1592.173 |
1570.865 |
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II.
ASSETS |
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|
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|
(1) Non-current assets |
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(a) Fixed Assets |
|
|
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|
(i) Tangible assets |
155.953 |
140.818 |
132.199 |
|
(ii) Intangible Assets |
0.877 |
2.701 |
5.002 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
4.915 |
|
(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) |
77.998 |
63.803 |
51.293 |
|
(d) Long-term Loan and Advances |
124.931 |
122.005 |
142.169 |
|
(e) Other Non-current assets |
91.490 |
0.000 |
74.965 |
|
Total
Non-Current Assets |
451.249 |
329.327 |
410.543 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
146.374 |
176.645 |
115.762 |
|
(b) Inventories |
394.414 |
374.009 |
331.327 |
|
(c) Trade receivables |
541.835 |
366.367 |
286.686 |
|
(d) Cash and cash equivalents |
197.473 |
202.370 |
170.104 |
|
(e) Short-term loans and
advances |
138.263 |
108.301 |
134.081 |
|
(f) Other current assets |
41.788 |
35.154 |
122.362 |
|
Total
Current Assets |
1460.147 |
1262.846 |
1160.322 |
|
|
|
|
|
|
TOTAL |
1911.396 |
1592.173 |
1570.865 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2707.675 |
2317.550 |
1984.653 |
|
|
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Other Income |
|
|
|
|
|
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TOTAL (A) |
2707.675 |
2317.550 |
1984.653 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
2500.936 |
2273.718 |
1810.180 |
|
|
|
|
|
|
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|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
206.739 |
43.832 |
174.473 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.326 |
2.447 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
205.413 |
41.385 |
174.473 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
35.882 |
30.519 |
34.935 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
169.531 |
10.866 |
139.538 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
50.805 |
11.490 |
74.913 |
|
|
|
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|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
118.726 |
(0.624) |
64.625 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
703.100 |
703.724 |
639.099 |
|
|
|
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|
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|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
0.000 |
|
|
|
Interim Dividend Paid |
0.000 |
0.000 |
0.000 |
|
|
|
Tax on Interim Dividend |
0.000 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
821.824 |
703.100 |
703.724 |
|
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|
|
|
|
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|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
576.491 |
|
166.801 |
|
|
|
Export of Services |
|
|
52.667 |
|
|
|
Other Earnings |
|
|
56.150 |
|
|
TOTAL EARNINGS |
576.491 |
420.690 |
275.618 |
|
|
|
|
|
|
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|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
254.538 |
245.663 |
|
|
|
Finished Goods |
NA |
1157.112 |
860.908 |
|
|
|
Capital Goods |
NA |
11.989 |
9.447 |
|
|
|
Consumable |
NA |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
NA |
1423.639 |
1116.018 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
49.32 |
(0.26) |
26.84 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
4.38 |
(0.03) |
3.26 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
7.64 |
1.89 |
8.79 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.25 |
0.71 |
9.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.01 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.69 |
1.86 |
1.80 |
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 |
24.075 |
24.075 |
24.075 |
|
Reserves & Surplus |
868.425 |
869.209 |
994.717 |
|
Share Application money pending allotment |
4.950 |
4.950 |
4.950 |
|
Net worth |
897.450 |
898.234 |
1023.742 |
|
|
|
|
|
|
long-term borrowings |
1.210 |
1.210 |
1.210 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
1.210 |
1.210 |
1.210 |
|
Debt/Equity ratio |
0.001 |
0.001 |
0.001 |
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 |
1984.653 |
2317.550 |
2707.675 |
|
|
|
16.774 |
16.834 |
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 |
1984.653 |
2317.550 |
2707.675 |
|
Profit/Loss |
64.625 |
(0.624) |
118.726 |
|
|
3.26% |
(0.03%) |
4.38% |
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 |
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth 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 |
INDEX OF CHARGES:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
90148861 |
09/09/2004 |
292,000.00 |
ICICI BANK LTD. |
ICICI TOWERS;
BANDRA KURLA COMPLEX, BANDRA EAST, |
- |
|
2 |
90148794 |
20/07/2004 |
335,000.00 |
ICICI BANK LTD. |
ICICI TOWERS;
BANDRA KURLA COMPLEX, BANDRA EAST, |
- |
|
3 |
90148653 |
26/03/2004 |
800,000.00 |
ICICI BANK LTD. |
ICICI TOWERS;
BANDRA KURLA COMPLEX, BANDRA EAST, |
- |
|
4 |
90146612 |
18/03/2004 |
670,000.00 |
ICICI BANK LTD. |
ICICI TOWERS; BANDRA
KURLA COMPLEX, BANDRA EAST, |
- |
|
5 |
90148357 |
09/11/2010 * |
100,000,000.00 |
CORPORATION BANK |
1 RAMAN SMRUTI
,KARANI ROAD, NEAR TELEPHONE EXCHA |
B00067603 |
|
6 |
90147632 |
17/02/2001 |
525,008.00 |
ICICI BANK LTD. |
ICICI TOWERS;
BANDRA KURLA COMPLEX, BANDRA EAST, |
- |
|
7 |
90147465 |
28/05/2000 |
533,000.00 |
HDFC BANK LTD. |
SANDOZ HOUSE, WORLI, MUMBAI, MAHARASHTRA, INDIA |
- |
|
8 |
90146076 |
10/03/2000 |
275,000.00 |
CORPORATION BANK |
GHATKOPAR WEST
BRANCH, KARANI LANE; GHATKOPAR WES |
- |
|
9 |
90145930 |
26/02/1998 |
395,000.00 |
STATE BANK OF INDIA |
LAGHU UDYOG BRANCH,
AHMEDABAD, ANDHRA PRADESH, IND |
- |
* Date of charge modification
NOTE:
The registered office of the company has been shifted from
Sahney Kirkwood Compound 27 Kirol Vidyavihar West, Mumbai,
BACKGROUND:
The company was incorporated as Pall Pharmalab Filtration Private Limited (Pall Pharmalab) on 6 June 1996, under the provisions of the Indian Companies Act, 1956 as a joint venture between Pall Mauritius (PM) and Filtech Pharmalab Private Limited (Filtech) in the ratio of 51:49. Pall India commenced operations from 1 April 1997, when certain fixed assets and inventories were taken over from Filtech in accordance with the joint venture agreement.
In 2002, the equity shares held by PM (51% of share capital) were transferred to Pall Corporation Inc., USA (Pall Inc). In March 2004, all equity shares held by Filtech were transferred to Pall Inc. The name was changed from Pall Pharmalab to Pall India effective from 5 February 2004.
During the year 2003-2004, the Company acquired Filtration Fluid Dynamics India Private Limited (?FFDL?), a subsidiary of Pall Corporation Inc. Based on the High Court order dated 12 April 2004, FFDL was amalgamated with the Company with retrospective effect from 1 April 2003.
Pall India is engaged in manufacturing and trading of filtration and separation systems. The Company has facilities in Mumbai, Bangalore, and Pune.
OPERATIONS:
The turnover during the year was Rs. 2674.278 Millions as against Rs. 2287.275 Millions during the previous year, which represents growth of about 16.92% over the previous year. Net Profit before Tax for the year under consideration is Rs.169.529 Millions as compared to Net Profit before Tax of Rs.10.866 Millions during the previous year. The directors are continuously trying to explore new markets.
FIXED ASSETS:
·
Software
·
Plant and Machinery
·
Office Equipments
·
Furniture and Fixture
·
Leasehold Improvement
·
Computer Systems
·
Vehicles
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. 62.43 |
|
|
1 |
Rs. 95.02 |
|
Euro |
1 |
Rs. 70.63 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
---- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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.