MIRA INFORM REPORT
|
Report No. : |
303806 |
|
Report Date : |
19.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
ESSEM TECNOPINZ PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A – 22, NICE, MIDC, Satpur, Nashik - 422007, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
15.03.2000 |
|
|
|
|
Com. Reg. No.: |
11-124957 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.59.305 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36991MH2000PTC124957 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NSKE00592E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACE6832F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Ball Point Pen Tips and Refills. |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
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. The rating reflects healthy financial risk profile marked by sound
liquidity position and fair profitability margins of the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and 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
|
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 DECLINED BY
|
Name : |
Mr. Shripal Kulkarni |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9373900811 |
|
Date : |
16.01.2015 |
LOCATIONS
|
Registered Office : |
A – 22, Nice, MIDC, Satpur, Nashik-422007, |
|
Tel. No.: |
91-253-2350204 / 2362168 / 6693134 |
|
Mobile No. : |
91-9373900811 (Mr. Shripal Kulkarni) |
|
Fax No.: |
91-253-2362168 / 6693140 / 2360196 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
4000 sq ft |
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Plot No.: 26/1, MIDC, Satpur, Nashik - 422007, Maharashtra, India |
|
Location: |
Owned |
|
|
|
|
Factory 2 : |
C 10/2, MIDC, Satpur, Nashik – 422007, Maharashtra, India |
DIRECTORS
As on 28.07.2014
|
Name : |
Mr. Amitkumar Vinod Tibrewal |
|
Designation : |
Director |
|
Address : |
B-11, Priyanka Hills Apartment, Mahatma Nagar, Nasik – 422 007,
Maharashtra, India |
|
Date of Birth/Age : |
18.11.1974 |
|
Qualification : |
Finance Controller |
|
Date of Appointment : |
15.03.2000 |
|
PAN No. |
ABWPT7853R |
|
DIN No.: |
00191673 |
|
|
|
|
Name : |
Mr. Deepak Ramchand Vasandani |
|
Designation : |
Director |
|
Address : |
Smaran, 46, Palm Springs, Gangapur Road, Nashik – 422 005,
Maharashtra, India |
|
Date of Birth/Age : |
07.01.1957 |
|
Qualification : |
Enggineer |
|
Voter ID No.: |
TGY1344977 |
|
Date of Appointment : |
15.03.2000 |
|
PAN No. : |
AAIPV2955P |
|
DIN No.: |
00192961 |
|
|
|
|
Name : |
Mr. Puneet Kumar Keshan Bishwanath |
|
Designation : |
Director |
|
Address : |
27-B/1, Suran Sarkar Road, PO/PS-Phool, Bagan, Kolkata – 700010, West
Bangal, India |
|
Date of Birth/Age : |
18.03.1971 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
15.03.2000 |
|
DIN No.: |
00200826 |
|
|
|
|
Name : |
Mr. Sandip Kumar Shyam Sundar Mahansaria |
|
Designation : |
Director |
|
Address : |
Paramount Apartment, No. 4A/B, 25, Ballygunge, Circular Road, Kolkata
– 700 019, West Bengal, India |
|
Date of Birth/Age : |
16.09.1962 |
|
Qualification : |
MBA |
|
Date of Appointment : |
15.03.2000 |
|
DIN No.: |
00206018 |
|
|
|
|
Name : |
Mrs. Vinita Sandip Mahansaria |
|
Designation : |
Director |
|
Address : |
Paramount Apartment, No. 4A/B, 25, Ballygunge, Circular Road, Kolkata
– 700 019, West Bengal, India |
|
Date of Birth/Age : |
23.08.1967 |
|
Date of Appointment : |
15.03.2000 |
|
PAN No. : |
AEJPM8541H |
|
DIN No.: |
00288783 |
KEY EXECUTIVES
|
Name : |
Mr. Shripal Kulkarni |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.07.2014
|
Name
of Shareholders |
|
No.
of Shares |
|
Mikron Tips Private Limited |
|
1660000 |
|
Sandip Kumar Shyam Mahansaria |
|
262100 |
|
Deepak Ramchand Vasandani |
|
100 |
|
Hi-Tech Exports Private
Limited |
|
1132000 |
|
Amit Vinod Tibrewal |
|
100 |
|
Puneet Kumar Keshan |
|
100 |
|
Vinita Sandip Mahansaria |
|
100 |
|
Shyam Sundar Mahansaria |
|
390000 |
|
Shyam Sundar Mahansaria (HUF) |
|
252000 |
|
Ramrati Devi. Mahansaria |
|
2034000 |
|
Eskayam Writing Aids Private Limited, India |
|
200000 |
|
Total |
|
5930500 |
Equity Share Break up (Percentage of Total Equity)
As on 28.07.2014
|
Category |
Percentage |
|
Bodies corporate |
50.45 |
|
Directors or relatives of Directors |
49.55 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Ball Point Pen Tips and Refills. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial
Institution : |
Sicom Limited, Nirmal; 1st Floor, Nariman Point, Mumbai - 400021,
Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Ashok S. Zawar and Company Chartered Accountants |
|
Address : |
ZS House, Plot No 3, Samta Nagar Behind Runanubandh Karyalaya, Opposite Wockhardt Hospital Mumbai, Agra Road, Nashik 422011, Maharashtra,
India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAEFA0519N |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates Co’s and
Joint Venture: |
|
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5930500 |
Equity Shares |
Rs.10/- each |
Rs.59.305 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 |
59.305 |
59.305 |
59.305 |
|
(b) Reserves & Surplus |
657.981 |
625.376 |
609.929 |
|
(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) |
717.286 |
684.681 |
669.234 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
74.788 |
108.334 |
176.203 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.883 |
4.253 |
1.738 |
|
(d) long-term provisions |
0.014 |
0.332 |
0.332 |
|
Total
Non-current Liabilities (3) |
75.685 |
112.919 |
178.273 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
160.135 |
180.885 |
281.471 |
|
(b) Trade payables |
66.151 |
72.254 |
61.606 |
|
(c) Other current liabilities |
21.534 |
87.819 |
50.936 |
|
(d) Short-term provisions |
2.550 |
1.548 |
1.793 |
|
Total
Current Liabilities (4) |
250.370 |
342.506 |
395.806 |
|
|
|
|
|
|
TOTAL |
1043.341 |
1140.106 |
1243.313 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
662.310 |
690.895 |
724.470 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
93.756 |
95.258 |
106.113 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
12.234 |
5.970 |
8.745 |
|
(e) Other Non-current assets |
0.071 |
1.272 |
0.409 |
|
Total
Non-Current Assets |
768.371 |
793.395 |
839.737 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
94.137 |
120.962 |
214.880 |
|
(c) Trade receivables |
153.307 |
171.821 |
161.446 |
|
(d) Cash and cash equivalents |
16.312 |
31.062 |
15.658 |
|
(e) Short-term loans and
advances |
10.396 |
15.635 |
7.157 |
|
(f) Other current assets |
0.818 |
7.231 |
4.435 |
|
Total
Current Assets |
274.970 |
346.711 |
403.576 |
|
|
|
|
|
|
TOTAL |
1043.341 |
1140.106 |
1243.313 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
745.423 |
742.672 |
697.756 |
|
|
Other Income |
6.975 |
9.408 |
5.855 |
|
|
TOTAL
|
752.398 |
752.080 |
703.611 |
|
|
|
|
|
|
|
|
EXPENSES |
639.707 |
640.640 |
595.180 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
112.691 |
111.440 |
108.431 |
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES |
34.800 |
55.269 |
67.918 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
77.888 |
56.171 |
40.513 |
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
31.571 |
36.330 |
39.784 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
46.316 |
19.841 |
0.729 |
|
|
|
|
|
|
|
|
TAX |
13.726 |
4.417 |
0.211 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
32.605 |
15.424 |
0.518 |
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
202.077 |
201.559 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
NA |
218.217 |
202.077 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
389.649 |
374.768 |
NA |
|
|
TOTAL
EARNINGS |
389.649 |
374.768 |
NA |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
345.646 |
318.103 |
NA |
|
|
Capital Goods |
0.887 |
1.638 |
NA |
|
|
Stores & Spares |
11.345 |
8.736 |
NA |
|
|
TOTAL
IMPORTS |
357.878 |
328.477 |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
5.50 |
2.60 |
0.09 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
4.37 |
2.08 |
0.07 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
15.12 |
15.01 |
15.54 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.88 |
1.90 |
0.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
0.03 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.33 |
0.42 |
0.68 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.10 |
1.01 |
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 |
59.305 |
59.305 |
59.305 |
|
Reserves & Surplus |
609.929 |
625.376 |
657.981 |
|
Net
worth |
669.234 |
684.681 |
717.286 |
|
|
|
|
|
|
long-term borrowings |
176.203 |
108.334 |
74.788 |
|
Short term borrowings |
281.471 |
180.885 |
160.135 |
|
Total
borrowings |
457.674 |
289.219 |
234.923 |
|
Debt/Equity
ratio |
0.684 |
0.422 |
0.328 |
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 |
697.756 |
742.672 |
745.423 |
|
|
|
6.437 |
0.370 |
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 |
697.756 |
742.672 |
745.423 |
|
Profit |
0.518 |
15.424 |
32.605 |
|
|
0.07% |
2.08% |
4.37% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
Current maturities of long-term debt |
14.151 |
81.981 |
46.729 |
|
|
|
|
|
|
Total |
14.151 |
81.981 |
46.729 |
|
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming financial
year |
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] |
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 |
OPERATION:
The year 2013-14continued to be the challenging but stable year for the Writing Instrument Industry. Indian market witnessed the stable volume whereas there is a marginal growth in exports. The industry continues to witness the competition in the market which does not allowed the price increase in relation to the increased cost. However, in this year the company mange to improve its Gross Profit marginally. The major reason for the same is the decrease in the raw material price due to depreciation in Japanese yen.
In the year 2013-14 the cost of Raw Material consumed was 68.74% of the total turnover in comparison to 70.60% in the year 2012-13. Hence, the Gross Profit margin improved by 2%.
Further, there is decrease in the finance cost of the company due to strong working capital management. It has reduced by approx 36% which has improved the profit by approx. Rs. 20.000 Millions.
The management of the company has a very positive outlook in next three years. There is definite growth above 10% in the industry in terms of number of tips being consumed by the industry. As the Swiss Franc has also substantially appreciated against USD which resulted in substantial increase in the cost of new machine and therefore is an entry barrier for the new comer and also for major expansion by the existing tip manufacturer worldwide. Hence, we believe that the demand supply gap will substantially cover up in the coming years which will allow the manufacturers to match the price with the cost escalation and thereby improve the profit margin of the company.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Other loans and advances |
3.203 |
21.305 |
|
Deferred sales tax loan |
3.926 |
3.926 |
|
Total |
7.129 |
25.231 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10403048 |
24/01/2013 |
30,000,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
NASHIK BRANCH, 2,
SUYOJIT SANKUL, SHARANPUR ROAD, |
B68107895 |
|
2 |
10320421 |
15/11/2011 |
43,200,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
NASHIK BRANCH, 2,
SUYOJIT SANKUL, SHARANPUR ROAD, |
B26508788 |
|
3 |
10196276 |
31/12/2009 |
12,500,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
NASHIK BRANCH,
SUYOJIT SANKUL, SHARANPUR ROAD, NA |
A77335479 |
|
4 |
10196278 |
31/12/2009 |
2,500,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
NASHIK BRANCH,
SUYOJIT SANKUL, SHARANPUR ROAD, NA |
A77335867 |
|
5 |
10184410 |
30/07/2011 * |
80,000,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
NASHIK BRANCH,
SUYOJIT SANKUL, SHARANPUR ROAD, NA |
B20270104 |
|
6 |
10099222 |
24/01/2008 |
5,000,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
SUYOJIT SANKUL,
SHARANPUR ROAD, NASHIK, MAHARASHTR |
A36988475 |
|
7 |
10099024 |
22/01/2008 |
15,000,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
SUYOJIT SANKUL, SHARANPUR
ROAD, NASHIK, MAHARASHTR |
A36896140 |
|
8 |
90241657 |
21/11/2005 |
12,500,000.00 |
BHARAT OVERSEAS BANK LTD. |
NASHIK BRANCH, NASHIK, MAHARASHTRA - 422011, INDIA |
- |
|
9 |
90152231 |
14/03/2011 * |
118,455,000.00 |
INDIAN OVERSEAS BANK |
FLORA FOUNTAIN
BRANCH, 51, MULLA HOUSE, HUTATMA C |
B10339745 |
|
10 |
90225334 |
02/08/2004 * |
1,131,150.00 |
BHARAT OVERSEAS BANK LIMITED |
NASIK BRANCH, NASIK, MAHARASHTRA, INDIA |
- |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and 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 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.61.89 |
|
|
1 |
Rs.93.92 |
|
Euro |
1 |
Rs.72.01 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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 |
|
48 |
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.