MIRA INFORM REPORT
|
Report No. : |
310089 |
|
Report Date : |
28.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
ICEM ENGINEERING COMPANY PRIVATE LIMITED (w.e.f. 13.12.2010) |
|
|
|
|
Formerly Known
As : |
ICEM ENGINEERING COMPANY LIMITED |
|
|
|
|
Registered
Office : |
A-201, Floral Deck Plaza, Central MIDC, Andheri (East), Mumbai –
400093, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
19.08.1964 |
|
|
|
|
Com. Reg. No.: |
11-012994 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.11.167 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27200MH1964PTC012994 |
|
|
|
|
IEC No.: |
0394022254 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMI04976G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAAC16282M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Dishends, Explosion Bonded Clad Plates, Toricones,
Flanged and Flued Joints. |
|
|
|
|
No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company is normal and acceptable for
business dealing. Trade relations are reported as fair. Business is active. Payment terms
are reported to be usually correct. The company can be considered normal 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.
EXTERNAL AGENCY RATING
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 PARTED BY
|
Name : |
Mr. A. L. Waghale |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9321356025 |
|
Date : |
27.02.2015 |
LOCATIONS
|
Registered Office / Head Office: |
A-201, Floral Deck Plaza, Central MIDC, Andheri (East), Mumbai –
400093, Maharashtra, India |
|
Tel. No.: |
91-22-30880032 |
|
Mobile No.: |
91-9321356025 (Mr. AL Waghale) |
|
Fax No.: |
91-22-28217128 |
|
E-Mail : |
|
|
Website: |
|
|
Area: |
1200 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Marketing Office: |
302, Lake City Mall, Near Big Bazar, Kapurbawadi Circle, Thane - 400602,
Maharashtra, India |
|
Tel. No.: |
91-22-32514165 |
|
Fax No.: |
91-22-25415275 |
|
Area : |
Rented |
|
|
|
|
Factory 1: |
M.S. Road, Raghunath Nagar, Wagle Industry, Thane - 400604,
Maharashtra, India |
|
Tel. No.: |
91-22-25820549 |
|
Fax No.: |
91-22-25823215 |
|
Area : |
1 Lac Sq. Ft. |
|
Location : |
Owned |
|
|
|
|
Factory 2: |
Unit No.2, 6013, Village Vasuri, Khurd, Post Khanvali, Taluka – Wada,
Thane, Maharashtra, India |
|
Area : |
6 Acres |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Vishal Vinod Tibrewala |
|
Designation : |
Director |
|
Address : |
6, Tibrewala House, J B Nagar, Andheri (East), Mumbai – 400059,
Maharashtra, India |
|
Date of Birth/Age : |
26.03.1972 |
|
Date of Appointment : |
01.04.1995 |
|
Din No.: |
00227052 |
|
|
|
|
Name : |
Mrs. Uma Vishal Tibrewala |
|
Designation : |
Director |
|
Address : |
6, Tibrewala House, J B Nagar, Andheri (East), Mumbai – 400059,
Maharashtra, India |
|
Date of Birth/Age : |
22.04.1972 |
|
Date of Appointment : |
01.04.2000 |
|
Din No.: |
00822122 |
|
|
|
|
Name : |
Mr. Namdeo Kisan Pingle |
|
Designation : |
Director |
|
Address : |
2nd Floor, Devdaya Nagar Ch-Operative Housing Limited, |
|
Date of Birth/Age : |
23.05.1970 |
|
Date of Appointment : |
13.10.2004 |
|
Din No.: |
00132777 |
|
|
|
|
Name : |
Mr. Vinod D Tibrewala |
|
Designation : |
Director |
|
Address : |
6, Tibrewala House, J B Nagar, Andheri (East), Mumbai – 400059,
Maharashtra, India |
|
Date of Birth/Age : |
05.03.1946 |
|
Date of Appointment : |
17.06.1968 |
|
Din No.: |
00227134 |
KEY EXECUTIVES
|
Name : |
Mr. A. L. Waghale |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Vinod D. Tibrewala |
320000 |
|
Vishal V. Tibrewala |
259800 |
|
Uma Vinod Tibrewala |
120000 |
|
Ramakant J. Tibrewala |
900 |
|
Shrikant J. Tibrewala |
900 |
|
Uma Vishal Tibrewala |
115000 |
|
Yash Tibrewala U/G Vishal Tibrewala |
24533 |
|
Ashutosh Tibrewala U/G Vishal Tibrewala |
24533 |
|
Sonal Sonthalia |
70100 |
|
Vinod D. Tibrewala (HUF) |
153245 |
|
Vishal V. Tibrewal (HUF) |
27600 |
|
N. K. Pingle |
100 |
|
|
|
|
Total |
1116711 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Dishends, Explosion Bonded, Clad Plates, Toricones,
Flanged and Flued Joints. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit (30 / 60 / 90 Days) |
|
|
|
|
Purchasing : |
Cash, Credit (30 / 60 / 90 Days) |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
No. of Employees : |
60 (Approximately) |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
·
Kalyan Janata Sahakari Bank Limited, Niharika,
Opposite Railway Station, Station Road, Kalyan (West), Thane – 421301,
Maharashtra, India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Shah and Taparia Chartered Accountants |
|
Address : |
12, Navjeevan Wadi, Dhobi Talao, Mumbai – 400002, Maharashtra, India |
|
Telefax No.: |
91-22-40220301/06 |
|
Email: |
|
|
Website: |
|
|
PAN No.: |
AAOFS0663D |
|
|
|
|
Membership : |
-- |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1116711 |
Equity Shares |
Rs.10/- each |
Rs.11.167 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
11.167 |
11.167 |
11.167 |
|
(b) Reserves & Surplus |
169.289 |
162.217 |
161.854 |
|
(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) |
180.456 |
173.384 |
173.021 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
193.140 |
136.559 |
115.569 |
|
(b) Deferred tax liabilities (Net) |
1.845 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
20.662 |
|
Total Non-current
Liabilities (3) |
194.985 |
136.559 |
136.231 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
192.822 |
200.112 |
121.334 |
|
(b) Trade
payables |
80.277 |
2.656 |
0.000 |
|
(c) Other
current liabilities |
38.805 |
121.012 |
262.961 |
|
(d) Short-term
provisions |
6.110 |
20.433 |
24.932 |
|
Total Current
Liabilities (4) |
318.014 |
344.213 |
409.227 |
|
|
|
|
|
|
TOTAL |
693.455 |
654.156 |
718.479 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
217.762 |
170.218 |
177.254 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
37.895 |
13.824 |
6.457 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3.840 |
5.457 |
3.484 |
|
(c) Deferred tax assets (net) |
0.000 |
0.671 |
1.028 |
|
(d) Long-term Loan and Advances |
32.392 |
22.249 |
21.241 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
291.889 |
212.419 |
209.464 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
52.866 |
161.632 |
164.760 |
|
(c) Trade
receivables |
77.895 |
38.406 |
142.004 |
|
(d) Cash
and cash equivalents |
194.366 |
181.461 |
139.015 |
|
(e)
Short-term loans and advances |
25.363 |
16.098 |
8.240 |
|
(f) Other current
assets |
51.076 |
44.140 |
54.996 |
|
Total
Current Assets |
401.566 |
441.737 |
509.015 |
|
|
|
|
|
|
TOTAL |
693.455 |
654.156 |
718.479 |
PROFIT & LOSS
ACCOUNT
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
430.000 |
380.000 |
NA |
|
|
|
|
|
|
Profit / (Loss) After Tax |
10.823 |
4.362 |
5.114 |
|
|
|
|
|
|
Earnings In Foreign Currency |
382.986 |
353.247 |
0.000 |
|
|
|
|
|
|
Earnings / (Loss) Per Share (Rs.) |
9.69 |
3.91 |
4.58 |
Expected Sales (2014-2015): Rs.450.000 Million
The above information has been parted by Mr. A. L. Waghale (Finance
Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.14 |
1.94 |
1.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26 |
1.28 |
1.24 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
11.167 |
11.167 |
11.167 |
|
Reserves & Surplus |
161.854 |
162.217 |
169.289 |
|
Net
worth |
173.021 |
173.384 |
180.456 |
|
|
|
|
|
|
long-term borrowings |
115.569 |
136.559 |
193.140 |
|
Short term borrowings |
121.334 |
200.112 |
192.822 |
|
Total
borrowings |
236.903 |
336.671 |
385.962 |
|
Debt/Equity
ratio |
1.369 |
1.942 |
2.139 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS ARE NOT AVAILABLE.
|
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 |
Yes |
|
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
two 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 |
No |
|
17] |
Major suppliers |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Short Term Borrowings |
|
|
|
Loans and Advances from Related Parties |
30.576 |
19.613 |
|
|
|
|
|
Total |
30.576 |
19.613 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10447524 |
16/08/2013 |
2,700,000.00 |
THE
TJSB SAHAKARI BANK LIMITED |
ANANT
LAXMI CHEMBER, B- CABIN,SHIVAJI NAGAR ROAD, NAUPADA, THANE, MAHARASHTRA -
400602, INDIA |
B84267244 |
|
2 |
10433931 |
21/11/2014
* |
35,000,000.00 |
THE
TJSB SAHAKARI BANK LIMITED |
SHOP
NO 10/11, TIP TOP PLAZA, L.B.S.ROAD, WAGLE, INDUSTRIAL ESTATE, THANE, THANE,
MAHARASHTRA - 400604, INDIA |
C38350112 |
|
3 |
10433930 |
21/11/2014
* |
45,000,000.00 |
THE
TJSB SAHAKARI BANK LIMITED |
SHOP
NO 10/11, TIP TOP PLAZA, L.B.S.ROAD, WAGLE, INDUSTRIAL ESTATE, THANE, THANE,
MAHARASHTRA - 400604, INDIA |
C38350401 |
|
4 |
10437186 |
20/05/2013 |
12,500,000.00 |
THE
TJSB SAHAKARI BANK LIMITED |
SHOP
NO 10/11, TIP TOP PLAZA, L.B.S.ROAD,,, WAGLE INDUSTRIAL ESTATE, NDUSTRIAL,
THANE, MAHARASHTRA - 400604, INDIA |
B79758165 |
|
5 |
10423323 |
06/03/2013 |
30,000,000.00 |
THE
TJSB SAHAKARI BANK LIMITED |
SHOP
NO 10/11, TIP TOP PLAZA, L.B.S.ROAD,, WAGLE INDUSTRIAL ESTATE, NDUSTRIAL ESTATE,
THANE,, THANE, MAHARASHTRA - 400604, INDIA |
B74257684 |
|
6 |
10318079 |
24/10/2011 |
1,438,000.00 |
THE
THANE JANATA SAHAKARI BANK LTD |
ANANT
LAXMI CHEMBER, B- CABIN,SHIVAJI NAGAR ROAD, NAUPADA, THANE, MAHARASHTRA -
400602, INDIA |
B25463985 |
|
7 |
10308349 |
02/08/2011 |
94,600,000.00 |
THE
THANE JANATA SAHAKARI BANK LIMITED |
SHOP
NO 10/11 TIP TOP PLAZA, L.B.S.ROAD,, WAGLE INDUSTRIAL ESTATE, THANE,
MAHARASHTRA - 400604, INDIA |
B21589312 |
|
8 |
10297880 |
30/05/2011 |
34,000,000.00 |
THE THANE
JANATA SAHAKARI BANK LIMITED |
SHOP
NO 10/11 TIP TOP PLAZA,, L.B.S.ROAD, THANE (WEST),, THANE, MAHARASHTRA -
400604, INDIA |
B17095837 |
|
9 |
10288389 |
08/04/2011 |
55,000,000.00 |
THE
THANE JANATA SAHAKARI BANK LIMITED |
SHOP
NO 10/11 TIP TOP PLAZA,, L.B.S.ROAD, THANE (WEST),, THANE, MAHARASHTRA -
400604, INDIA |
B13506183 |
|
10 |
10282350 |
25/02/2011 |
6,500,000.00 |
THE
THANE JANATA SAHAKARI BANK LTD. |
SHOP
NO 10/11 TIP TOP PLAZA,, L.B.S.ROAD, THANE (WEST), THANE, MAHARASHTRA -
400604, INDIA |
B10743631 |
|
11 |
10052671 |
25/02/2009 * |
60,000,000.00 |
THE KALYAN JANATA SAHAKARI BANK LIMITED |
RAMBAUG BRANCH, RAMBAUG, KALYAN, MAHARASHTRA - 421301, INDIA |
A60414562 |
|
12 |
10013154 |
18/01/2007 * |
20,000,000.00 |
THANE JANATA SAHAKARI BANK LTD |
TIP
TOP PLAZA,, WAGLE ESTATE, THANE, MAHARASHTRA |
A03144235 |
|
13 |
90241625 |
28/10/2005 |
397,000.00 |
THANE JANATA BANK |
TIN TOP PLAZA, MUMBAI, MAHARASHTRA, INDIA |
- |
|
14 |
90237714 |
27/12/2007 * |
210,000,000.00 |
THE THANA JANATA SAHAKARI BANK |
TIP
TOP PLAZA,, WAGLE ESTATE, THANE, MAHARASHTRA |
A34097485 |
|
15 |
80022357 |
18/01/2007 * |
7,500,000.00 |
THANE JANATA SAHAKARI BANK LTD |
TIP
TOP PLAZA,, WAGLE ESTATE, THANE, MAHARASHTRA |
- |
|
16 |
90241281 |
18/01/2007 * |
12,500,000.00 |
THANE JANATA SAHAKARI BANK LTD |
TIP
TOP PLAZA,, WAGLE ESTATE, THANE, MAHARASHTRA |
- |
|
17 |
80022355 |
18/01/2007 * |
10,000,000.00 |
THANE JANATA SAHAKARI BANK LTD |
TIP TOP PLAZA, , WAGLE ESTATE,, THANE, MAHARASHTRA - 400604, INDIA |
- |
|
18 |
80022356 |
13/07/1998 |
10,000,000.00 |
THE THANE JANATA SAHAKARI BANK LTD |
INDUSTRIAL ESTATE BRANCH, TMA HOUSE, WAGLE ESTATE, THANE, MAHARASHTRA - 400604, INDIA |
- |
|
19 |
80022354 |
18/01/2007 * |
16,000,000.00 |
THANE JANATA SAHAKARI BANK LTD |
TIP
TOP PLAZA,, WAGLE ESTATE, THANE, MAHARASHTRA |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Office and Flat
·
Building
·
Plant and Machinery
·
Dies
·
Cranes
·
Furniture and Fixtures
·
Electric Installation
·
Office Equipment’s
·
Factory Equipment’s
·
Motor Car
·
Air Conditioner
·
Water Cooler
·
Refrigerator
·
Pump Set
·
Cycles
·
Computer and 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.61.79 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.69.29 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
43 |
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.