MIRA INFORM REPORT
|
Report No. : |
303728 |
|
Report Date : |
19.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
PUTZMEISTER INDIA PRIVATE LIMITED [w.e.f. 20.04.2005] |
|
|
|
|
Formerly Known
As : |
PUTZ PUMPS ( |
|
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|
|
Registered
Office : |
115, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
23.01.1998 |
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|
|
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Com. Reg. No.: |
24-002511 |
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|
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Capital
Investment / Paid-up Capital : |
Rs. 12.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29120GA1998PTC002511 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRP02972E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP1503H |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Manufacturer, Exporter and Importer of Concrete Pumps. |
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|
|
No. of Employees
: |
85 (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 |
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|
|
|
Payment Behaviour : |
Usually Correct |
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|
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Litigation : |
Exist |
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Comments : |
Subject is an established company having satisfactory track record. Sales turnover of the company has declined which has resulted into dip
in profit of the company during 2014. However, the rating takes into consideration company’s sound financial
risk profile and fair liquidity position 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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Nivedita |
|
Designation : |
Accountant |
|
Contact No.: |
91-832-2395974 |
|
Date : |
16.01.2015 |
LOCATIONS
|
Registered Office : |
115, |
|
Tel. No.: |
91-832-2396334 |
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Fax No.: |
91-832-2396253 |
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E-Mail : |
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|
Website : |
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|
Factory 1 : |
Plot No.190-191, Survey No. 34, Kundaim Industrial Estate, Ponda –
403115, Goa, India |
|
Tel. No.: |
91-832-25445227 |
|
Fax No.: |
91-832-25445228 |
DIRECTORS
As on: 26.09.2014
|
Name : |
Mr. Milind Bhadbhade |
|
Designation : |
Managing director |
|
Address : |
7, Anand Baugh Society, Navi Peth, Pune – 411030, |
|
Date of Birth/Age : |
27.01.1955 |
|
Date of Appointment : |
23.01.1998 |
|
DIN No.: |
00254933 |
|
|
|
|
Name : |
Mr. Ashok Dikshit |
|
Designation : |
Director |
|
Address : |
12 Shamali Society, |
|
Date of Birth/Age : |
13.01.1953 |
|
Date of Appointment : |
23.01.1998 |
|
DIN No.: |
00254967 |
KEY EXECUTIVES
|
Name : |
Mr. Nivedita |
|
Designation : |
Accountant |
|
|
|
|
Name : |
SKO and Associates |
|
Designation : |
Company Secretaries |
|
Address: |
Level 3, SargamTower, 2 Neelkamal Society, Near Rajaram Bridge, Karvenagar, Pune- 411052, Maharashtra, India |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 26.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Milind S. Bhadbhade |
100 |
0.01 |
|
Ashok V. Dikshit |
100 |
0.01 |
|
Milind Bhadbhad Jointly with Bhadbhade M Nita |
937400 |
74.98 |
|
Dikshit V Ashok Jointly with Dikshit A Veena |
12400 |
1.00 |
|
Putzmeister A G, Germany |
300000 |
24.00 |
|
Total |
1250000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 26.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
24.00 |
|
Directors or relatives of Directors |
76.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Concrete Pumps. |
|
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|
|
Products : |
Concrete Pumps |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Good |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers and Retailers
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No. of Employees : |
85 (Approximately) |
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Bankers : |
Note: Cash
Credit from Federal Bank Limited., Kothrud, Pune Branch is secured by
hypothecation of Stocks, Book Debts both present and future. The said
facility esare also secured by way of Equitable Mortgage on Lease Hold Landat
Plot No.190-191of Kundaim Industrial Estae, with factory building and
hypothecation of plant and machinery. Company's Flat at Kamat Royale at
Carnzalem, Goa has also been offered as collateral Security. The said Cash
Credit Limits carries interest rate 12.75%. (Base rate +2.30%). |
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Facilities : |
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Auditors : |
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|
Name : |
S.R. Kenkre and Associates Chartered Accountants |
|
Address : |
115 Kamat Towers, Patto Plaza, Panji – 403001, Goa, India |
|
Tel. No.: |
91-832-243811/ 2438612/ 6643358/2465007 |
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Mobile No.: |
91-9822154884/9225514040 |
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Fax No.: |
91-832-2438812 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
ADKPK6570A |
|
Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
|
|
Companies in which
directors of the Company are able to exercise control or have significant
influence: |
Ø Aquarius
Engineers Private Limited |
|
|
|
|
Other Related Parties: |
Ø M S Bhadbhade (HUF) |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 80.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,250,000 |
Equity Shares |
Rs.10/- each |
Rs. 12.500
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 |
12.500 |
12.500 |
12.500 |
|
(b) Reserves & Surplus |
158.455 |
150.122 |
136.487 |
|
(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) |
170.955 |
162.622 |
148.987 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.506 |
6.525 |
11.529 |
|
(b) Deferred tax liabilities (Net) |
8.441 |
7.488 |
6.293 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
9.947 |
14.013 |
17.822 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short
term borrowings |
83.042 |
64.602 |
74.357 |
|
(b) Trade
payables |
96.530 |
150.048 |
99.610 |
|
(c) Other
current liabilities |
19.040 |
20.519 |
14.656 |
|
(d) Short-term
provisions |
0.725 |
0.775 |
10.898 |
|
Total Current
Liabilities (4) |
199.337 |
235.944 |
199.521 |
|
|
|
|
|
|
TOTAL |
380.239 |
412.579 |
366.330 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
85.992 |
89.964 |
91.455 |
|
(ii)
Intangible Assets |
1.379 |
0.400 |
0.308 |
|
(iii)
Capital work-in-progress |
0.000 |
0.594 |
0.000 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.201 |
0.200 |
0.162 |
|
(e) Other
Non-current assets |
0.292 |
0.254 |
0.223 |
|
Total Non-Current
Assets |
87.864 |
91.412 |
92.148 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
3.378 |
22.581 |
9.434 |
|
(b)
Inventories |
154.795 |
174.758 |
158.050 |
|
(c) Trade
receivables |
75.569 |
68.369 |
71.509 |
|
(d) Cash
and cash equivalents |
42.467 |
39.742 |
27.737 |
|
(e) Short-term
loans and advances |
15.031 |
14.812 |
6.616 |
|
(f) Other
current assets |
1.135 |
0.905 |
0.836 |
|
Total
Current Assets |
292.375 |
321.167 |
274.182 |
|
|
|
|
|
|
TOTAL |
380.239 |
412.579 |
366.330 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Net Sales |
426.504 |
536.929 |
611.815 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
EXPENSES TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
11.769 |
19.948 |
63.929 |
|
|
|
|
|
|
|
|
|
|
PROVISION FOR
DEPRECIATION |
4.711 |
4.630 |
4.365 |
|
|
|
|
|
|
|
|
|
|
DEFERRED TAX |
0.953 |
1.195 |
1.244 |
|
|
|
|
|
|
|
|
|
|
PROVISION FOR
TAX |
2.477 |
5.118 |
20.386 |
|
|
|
|
|
|
|
|
|
|
PROFIT
AFTER TAX |
8.333 |
13.635 |
42.543 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
150.122 |
136.487 |
93.944 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
158.455 |
150.122 |
136.487 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.67 |
10.90 |
34.03 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.95 |
2.54 |
6.95 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.10 |
4.84 |
17.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
0.12 |
0.43 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.49 |
0.44 |
0.58 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.47 |
1.36 |
1.37 |
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 |
12.500 |
12.500 |
12.500 |
|
Reserves & Surplus |
136.487 |
150.122 |
158.455 |
|
Net worth |
148.987 |
162.622 |
170.955 |
|
|
|
|
|
|
long-term borrowings |
11.529 |
6.525 |
1.506 |
|
Short term borrowings |
74.357 |
64.602 |
83.042 |
|
Total borrowings |
85.886 |
71.127 |
84.548 |
|
Debt/Equity ratio |
0.576 |
0.437 |
0.495 |
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 (net) |
611.815 |
536.929 |
426.504 |
|
|
|
(12.240) |
(20.566) |
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 (net) |
611.815 |
536.929 |
426.504 |
|
Profit |
42.543 |
13.635 |
8.333 |
|
|
6.95% |
2.54% |
1.95% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions) |
||
|
Current maturities of long-term debt |
4.937 |
4.937 |
4.937
|
|
|
|
|
|
|
Total |
4.937 |
4.937 |
4.937
|
|
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 |
Yes |
|
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 |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
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 |
LITIGATIONS
DETAILS:
HIGH
COURT OD BOMBAY
|
Reg. No. :- COA
/ 4 / 2010 |
Stamp No. :- STM / 2975
/ 2010 |
||||
|
Case Status : |
Pending (Final Hearing) |
||||
|
Petitioner : |
PUTZMEISTER CONCRETE PUMPS GHBH |
||||
|
Respondent : |
PUTZMEISTER INDIA PRIVATE LIMITED |
||||
|
Petitoner
Adv. : |
MR. J.P SUPEKAR |
||||
|
Respondent
Adv. : |
ADV. HANUMANT D. NAIK FOR RESPODENT |
||||
|
District : |
North Goa |
||||
|
Bench : |
Division |
||||
|
Act : |
Company Act, 1956 |
||||
|
Category : |
Company Appeal |
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|
Case Stage : |
FOR FINAL HEARING |
||||
|
Respondent
Adv. : |
ADV. HANUMANT D. NAIK FOR RESPODENT |
||||
|
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|
||||
|
Hearing Date : |
05 January 2015 |
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|
|||||
|
This Case is updated on : 02
January 2015 |
|||||
OPERATIONS:
The Company has achieved sales (Net) of Rs.426.500 Millions during the year as compared to Rs. 536.900 Millions Crores of the previous year. Overall economic activity remained subdued and Capital Goods sector in particular fared poorly. This has affected overall performance of the company but the management has taken appropriate steps like cost control, introduction of better features in machines etc. in order to overcome difficult economic situation. The overall economic perspective efor ensuring year remains positive and management is hopeful of better performance in current year.
CONTINGENT
LIABILITIES:
|
Particular |
Amount
(31.03.2014) (Rs. in Millions) |
|
Bank guarantees given by the Company |
1.505 |
|
Excise Duty |
9.245 |
|
Income Tax demands (including interest) which have been disputed by the Company. |
7.018 |
|
Total |
17.768 |
INDEX OF CHARGES:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10282948 |
25/02/2013 * |
22,500,000.00 |
THE FEDERAL BANK LIMITED |
NIRMAL PLAZA, OPP. VANAJ INDUSTRY, PAUD
ROAD , KOTHRUD, PUNE, MAHARASHTRA -411043, INDIA |
B71750608 |
|
2 |
10190662 |
05/10/2011 * |
10,000,000.00 |
THE FEDERAL BANK LIMITED |
NIRMAL PLAZA, OPP. VANAJ INDUSTRY, PAUD
ROAD , KOTHRUD, PUNE, MAHARASHTRA - 411043, INDIA |
B23930761 |
|
3 |
10106466 |
05/10/2011 * |
90,000,000.00 |
THE FEDERAL BANK LIMITED |
NIRMAL PLAZA, OPP. VANAJ INDUSTRY, PAUD ROAD
, KOTHRUD, PUNE, MAHARASHTRA - 411043, INDIA |
B23931199 |
* Date of charge modification
FIXED ASSETS:
v Building
v Computers and Equipments
v Software
v Plant and Machinery
v Office Equipments
v Plant and Machinery
v Furniture and Fixtures
v 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.61.89 |
|
|
1 |
Rs.93.92 |
|
Euro |
1 |
Rs.72.01 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--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.