MIRA INFORM REPORT
|
Report No. : |
308779 |
|
Report Date : |
21.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
PCI LIMITED (w.e.f. 29.09.1995) |
|
|
|
|
Formerly Known
As : |
PRIME CHEMFERT INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
13.02.1986 |
|
|
|
|
Com. Reg. No.: |
55-023329 |
|
|
|
|
Paid-up Capital
: |
Rs. 137.827
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1986PLC023329 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELP09007F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACP1565E |
|
|
|
|
Legal Form : |
A closely held Public Limited Liability Company. |
|
|
|
|
Line of Business
: |
Subject provides technology-related solution to various industries, especially
the power sector. Its activities include marketing, distribution, and after
sale service support for power testing, maintenance, conditioning equipment,
and machine tools. The subject manufacturing precision equipment and
investment casting. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (22) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow and delayed |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The company has incurred heavy loss from its operation during FY
2013-2014. The rating also takes into consideration ever increasing
borrowings of the company which may act as a threat to the liquidity position
of the company. However, business is active as per status shown in the registrar of
companies. Payment terms are slow but delayed. The company can be considered for business dealings on safe and
secured trade terms and conditions. |
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 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: D |
|
Rating Explanation |
Lowest credit quality. |
|
Date |
24.06.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: D |
|
Rating Explanation |
Expected to be in default on maturity. |
|
Date |
24.06.2014 |
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/ Factory 1 : |
|
|
Tel. No.: |
91-11-41888999 (30 Lines) / 41888888 / 25762562/63/64 / 25762552/53 /
25813338 / 25813339 |
|
Fax No.: |
91-11-25755815 / 25821623 |
|
E-Mail : |
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|
Website: |
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Factory 2: |
Manesar, Haryana, India |
|
|
|
|
Branch Office: |
287-288, Udyog Vihar,
Phase II, Gurgaon - 122015, Haryana,
India |
|
Tel No.: |
91-124-4111999/ 6656999 |
|
Fax No.: |
91-124- 4871698-99 |
|
Email: |
|
|
|
|
|
Branch Office: |
Located at
|
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Surinder Mehta |
|
Designation : |
Chairman and Managing Director |
|
Address : |
180-W-6 Lane, |
|
Date of Birth/Age : |
03.08.1956 |
|
Date of Appointment : |
13.02.1986 |
|
DIN No.: |
00010122 |
|
PAN No.: |
AAMPM9227B |
|
Name : |
Mr. Inder Pal Singh |
|
Designation : |
Director |
|
Address : |
25, |
|
Date of Birth/Age : |
03.11.1941 |
|
Date of Appointment : |
01.08.2002 |
|
DIN No.: |
00023333 |
|
Name : |
Mr. Ramesh Chandra Sharma |
|
Designation : |
Director |
|
Address : |
N-1, |
|
Date of Birth/Age : |
24.01.1939 |
|
Date of Appointment : |
28.06.2004 |
|
DIN No.: |
00023274 |
|
Name : |
Dr. Kamalaksha Uggappa Mada |
|
Designation : |
Director |
|
Address : |
24, Silver Home, |
|
Date of Birth/Age : |
29.12.1933 |
|
Date of Appointment : |
03.11.2005 |
|
DIN No.: |
00011395 |
|
Name : |
Mr. Chandra Prakash Jain |
|
Designation : |
Director |
|
Address : |
396-C, Sheikh Sarai, Phase I, New Delhi-110017, |
|
Date of Birth/Age : |
03.03.1946 |
|
Date of Appointment : |
11.12.2008 |
|
DIN No.: |
00011964 |
|
Name : |
Mrs. Archna Mehta |
|
Designation : |
Director |
|
Address : |
180-W-6 Lane, |
|
Date of Birth/Age : |
31.03.1959 |
|
Date of Appointment : |
12.05.1988 |
|
DIN No.: |
00010468 |
|
PAN No.: |
AAGPM8851K |
|
Name : |
Mr. Rohan Mehta |
|
Designation : |
Director (Business Development) |
|
Address : |
180-W-6 Lane, |
|
Date of Birth/Age : |
14.12.1985 |
|
Date of Appointment : |
30.09.2008 |
|
DIN No.: |
01510489 |
|
PAN No.: |
AJOPM0531F |
|
Name : |
Mr. Vijay Sarpal |
|
Designation : |
Executive Director |
|
Address : |
311, Deerwood Chase, Nirvana Country, Setor- 50, Gurgoan – 122001,
Haryana, India |
|
Date of Birth/Age : |
20.05.1955 |
|
Date of Appointment : |
01.04.2005 |
|
DIN No.: |
00010455 |
|
PAN No.: |
AAAPS1308M |
KEY EXECUTIVES
|
Name : |
Mr. Raghav Shukla |
|
Designation : |
Company Secretary |
|
Address : |
D-6, Second Floor, Om Vihar, Uttam Nagar, Delhi – 110059, India |
|
Date of Birth/Age : |
14.07.1983 |
|
Date of Appointment : |
01.04.2014 |
|
Pan No.: |
AIUPA7826Q |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Surinder Mehta |
7540327 |
54.71 |
|
Archna Mehta |
2216872 |
16.08 |
|
Surinder Mehta HUF |
411720 |
2.99 |
|
Rohan Mehta |
2820705 |
20.47 |
|
PCI Leasing and Finance Private Limited, |
564000 |
4.09 |
|
Senha Mehta |
80370 |
0.58 |
|
Prime Courier India Private Limited, |
141000 |
1.02 |
|
Vijay Sarpal |
7755 |
0.06 |
|
Total |
13782749 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
5.12 |
|
Directors or relatives of Directors |
91.89 |
|
Other top fifty shareholders |
2.99 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject provides technology-related solution to various industries,
especially the power sector. Its activities include marketing, distribution, and
after sale service support for power testing, maintenance, conditioning
equipment, and machine tools. The subject manufacturing precision equipment
and investment casting. |
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Product: |
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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
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Satish Aggarwal And Associates Chartered Accountants |
|
Address : |
4/5 B, Ist floor, Asaf Ali Road, New Delhi, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ABCFS9747B |
|
|
|
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Memberships : |
-- |
|
|
|
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Collaborators : |
-- |
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Holding company: |
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|
|
|
Joint venture |
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Other Related party : |
|
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
20000000 |
Equity Shares |
10/- each |
Rs.200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
13782749 |
Equity Shares |
10/- each |
Rs.137.827
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 |
137.827 |
137.827 |
137.827 |
|
(b) Reserves & Surplus |
275.731 |
462.602 |
364.329 |
|
(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) |
413.558 |
600.429 |
502.156 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1022.531 |
805.024 |
624.599 |
|
(b) Deferred tax liabilities
(Net) |
(44.406) |
47.013 |
38.982 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
42.410 |
36.480 |
33.052 |
|
Total
Non-current Liabilities (3) |
1020.535 |
888.517 |
696.633 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
747.991 |
633.314 |
747.095 |
|
(b) Trade payables |
1213.220 |
999.439 |
587.571 |
|
(c) Other current liabilities |
384.677 |
413.885 |
541.751 |
|
(d) Short-term provisions |
0.022 |
10.072 |
0.081 |
|
Total
Current Liabilities (4) |
2345.910 |
2056.710 |
1876.498 |
|
|
|
|
|
|
TOTAL |
3780.003 |
3545.656 |
3075.287 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
922.152 |
991.863 |
1035.383 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
267.454 |
167.005 |
86.337 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
47.708 |
37.296 |
30.846 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
1237.314 |
1196.164 |
1152.566 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
787.057 |
370.930 |
283.745 |
|
(b) Inventories |
274.714 |
231.189 |
287.480 |
|
(c) Trade receivables |
824.136 |
1080.559 |
842.020 |
|
(d) Cash and cash equivalents |
21.675 |
19.156 |
11.399 |
|
(e) Short-term loans and
advances |
548.786 |
236.053 |
310.688 |
|
(f) Other current assets |
86.321 |
411.605 |
187.389 |
|
Total
Current Assets |
2542.689 |
2349.492 |
1922.721 |
|
|
|
|
|
|
TOTAL |
3780.003 |
3545.656 |
3075.287 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
2458.693 |
2422.343 |
2279.593 |
|
|
Other Income |
55.033 |
40.232 |
78.982 |
|
|
TOTAL
(A) |
2513.726 |
2462.575 |
2358.575 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
102.508 |
118.215 |
88.726 |
|
|
Purchases of Stock-in-Trade |
1836.270 |
1760.363 |
1536.092 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(21.039) |
38.758 |
(78.057) |
|
|
Employees benefits expense |
235.119 |
236.778 |
216.138 |
|
|
Other expenses |
259.272 |
359.979 |
338.000 |
|
|
Extraordinary items |
(0.027) |
(484.483) |
0.000 |
|
|
TOTAL
(B) |
2412.103 |
2029.610 |
2100.899 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (C) |
101.623 |
432.965 |
257.676 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
284.768 |
209.712 |
162.570 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(183.145) |
223.253 |
95.106 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
85.745 |
94.764 |
66.840 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
(268.890) |
128.489 |
28.266 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
(82.018) |
30.216 |
-9.919 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
(186.872) |
98.273 |
38.185 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Export value on FOB basis |
112.715 |
42.521 |
330.920 |
|
|
Service Charges |
1.080 |
0.671 |
1.159 |
|
|
Commission |
45.068 |
88.446 |
157.684 |
|
|
TOTAL
EARNINGS |
158.863 |
131.638 |
489.763 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Spare Parts & Material |
258.651 |
266.617 |
715.857 |
|
|
TOTAL
IMPORTS |
258.651 |
266.617 |
715.857 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(13.56) |
7.13 |
2.77 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(7.60) |
4.06 |
1.68 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
4.13 |
17.87 |
11.30 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(7.76) |
3.85 |
0.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.65) |
0.21 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
4.28 |
2.40 |
2.73 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.08 |
1.14 |
1.02 |
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 |
137.827 |
137.827 |
137.827 |
|
Reserves & Surplus |
364.329 |
462.602 |
275.731 |
|
Net
worth |
502.156 |
600.429 |
413.558 |
|
|
|
|
|
|
long-term borrowings |
624.599 |
805.024 |
1022.531 |
|
Short term borrowings |
747.095 |
633.314 |
747.991 |
|
Total
borrowings |
1371.694 |
1438.338 |
1770.522 |
|
Debt/Equity
ratio |
2.732 |
2.396 |
4.281 |
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 |
2279.593 |
2422.343 |
2458.693 |
|
|
|
6.262 |
1.501 |
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 |
2279.593 |
2422.343 |
2458.693 |
|
Profit |
38.185 |
98.273 |
(186.872) |
|
|
1.68% |
4.06% |
(7.60%) |
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 |
Yes |
|
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] |
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 |
No |
OPERATIONS
During the financial year 2013-14, the Company has recorded a consolidated turnover of Rs. 4684.620 millions (previous year Rs. 3719.850 millions) and thereby recording an increase of 25.94% on direct turnover over the previous year. The Company has also achieved indirect turnover of Rs. 55.030 millions during the current financial year as compared to indirect turnover of Rs. 40.230 millions for the financial year 2012-13, thereby achieving a total direct and indirect standalone turnover of Rs. 2513.720 millions as against Rs.2462.570 millions in previous year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from banks |
0.000 |
0.104 |
|
Rupee term loans from others |
222.899 |
0.000 |
|
Total |
222.899 |
0.104 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10549353 |
09/02/2015 |
1,080,000,000.00 |
PUNJAB NATIONAL BANK |
5, SANSAD MARG, NEW DELHI, DELHI - 110001, INDIA |
C43736982 |
|
2 |
10464874 |
14/11/2013 |
100,000,000.00 |
CANARA BANK |
PCB, CONNAUGHT
PLACE, 2ND FLOOR,, WORLD TRADE TOW |
B91424788 |
|
3 |
10455441 |
04/10/2013 * |
1,659,500,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
UDYOG MINAR, VANIJYA NIKUNJ, UDYOF VIHAR, PHASE-V, GURGAON, HARYANA - 122016, INDIA |
B90476516 |
|
4 |
10446394 |
09/07/2013 |
180,000,000.00 |
PUNJAB NATIONAL BANK |
5 SANSAD MARG, NEW DELHI, DELHI - 110001, INDIA |
B83707083 |
|
5 |
10436134 |
07/06/2013 |
50,000,000.00 |
PUNJAB NATIONAL BANK |
5 SANSAD MARG, NEW DELHI, DELHI - 110001, INDIA |
B79311221 |
|
6 |
10431930 |
28/05/2013 |
50,000,000.00 |
CANARA BANK |
PCB-II, WORLD TRADE
TOWER, BARAKHAMBA LANE, NEW D |
B77444990 |
|
7 |
10411553 |
14/03/2013 |
9,500,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
GROUND FLOOR, UDYOG
MINAR, VANIJYA NIKUNJ, UDYOG |
B70690474 |
|
8 |
10401885 |
31/01/2013 |
10,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
GROUND FLOOR, UDYOG
MINAR, VANIJYA NIKUNJ, UDYOG |
B67637165 |
|
9 |
10412564 |
28/09/2013 * |
350,000,000.00 |
PUNJAB NATIONAL BANK |
PARLIAMENT STREET
BRANCH, 5 SANSAD MARG, NEW DELH |
B87612636 |
|
10 |
10403202 |
03/01/2013 |
50,000,000.00 |
PUNJAB NATIONAL BANK |
5 SANSAD MARG, NEW
DELHI, NEW DELHI, DELHI - 1100 |
B68185990 |
* Date of charge modification
C
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Emission reduction equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer 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 records 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.62.26 |
|
|
1 |
Rs.96.01 |
|
Euro |
1 |
Rs.70.72 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
22 |
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.