MIRA INFORM REPORT
|
Report No. : |
329914 |
|
Report Date : |
01.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
ROSA POWER SUPPLY COMPANY LIMITED |
|
|
|
|
Registered
Office : |
7th Floor, B Wing, Raheja Point - I, Jawaharlal Nehru Marg, Vakola
Market, SantaCruz (East), Mumbai – 400055, Maharashtra |
|
Tel. No.: |
91-5842-306792 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
01.09.1994 |
|
|
|
|
Com. Reg. No.: |
11-243148 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 4248.233 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31101MH1994PLC243148 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The company was set up as a Special Purpose Vehicle to develop and operate
1200 mega watt coal based power project in Shahjahanpur district, Uttar
Pradesh. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (67) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Reliance Power Limited”. It is well-built
company came into existence in 1994. It has a fine track record. For the financial year ended 2014, the company possesses upstanding
operational performance and it has good top line growth and profitability
margin of 18.06%. Rating also takes into consideration the impressive balance sheet of the
company having strong net worth and favorable gap between trade payables and
trade receivables. Trade relations are reported as fair. Business is active. Payments
terms results to be regular and as per commitment. In the view of decent financial base and healthy operational profile,
the company can be considered good for normal 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 |
ICRA |
|
Rating |
Long term scale A |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
January 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Fund Based Limits A1 |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
|
Date |
January 2015 |
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
31-03-2013.
INFORMATION DENIED
Management non-cooperative (91-22-30327068/ 91-5842-306792)
LOCATIONS
|
Registered Office : |
7th Floor, B Wing, Raheja Point - I, Jawaharlal Nehru Marg, Vakola
Market, SantaCruz (East), Mumbai – 400055, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Plant Address : |
Rosa, District Shahajahanpur, Uttar Pradesh, India |
|
Tel. No.: |
91-5842-306792/795/705 |
DIRECTORS
As on 31.03.2014
|
Name : |
Mr. N. Venugopala Rao |
|
Designation : |
Director |
|
Address : |
Flat No. 1002, Building 40 NRI Complex, Seawoods Estate, Nerul, Navi
Mumbai-400706, Maharashtra, India |
|
Date of Birth/Age : |
10.08.1958 |
|
Date of Appointment : |
16.10.2010 |
|
DIN No.: |
03143364 |
|
|
|
|
Name : |
Mr. Vibhav Agarwal |
|
Designation : |
Director |
|
Address : |
Flat No. 212, Building No.14, Kamdhenu, Hari Om Nagar, Mulund (East), Mumbai-400081,
Maharashtra, India |
|
Date of Birth/Age : |
03.03.1976 |
|
Date of Appointment : |
16.10.2010 |
|
DIN No.: |
03174271 |
|
|
|
|
Name : |
Mr. Asim Kumar De |
|
Designation : |
Director |
|
Address : |
Rosa Power Township Block-A, Shahjahapur – 242001, Uttar Pradesh,
India |
|
Date of Birth/Age : |
02.12.1958 |
|
Date of Appointment : |
15.03.2012 |
KEY EXECUTIVES
|
Name : |
Mr. Mantu Ghosh |
|
Designation : |
Accounts Manager |
|
|
|
|
Name : |
Priyadarshini abhishek Mahapatra |
|
Designation : |
Company secretary |
|
Address : |
902 Tower 5 Regency Heights, Near, Kolshet Road, Thane (West)
Thane-400607, Maharashtra, India |
|
Date of Birth/Age : |
10.05.1981 |
|
Date of Appointment : |
11.11.2013 |
|
PAN No.: |
AJJPM0077B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 24.09.2014
|
Names of Equity Shareholders |
|
No. of Shares |
|
Reliance Power Limited |
|
424404994 |
|
Mr. N. Venugopala Rao jointly with
Reliance Power Limited |
|
1 |
|
Ramaswami kaildas jointly with
Reliance Power Limited |
|
1 |
|
Suresh nagarjan jointly with
Reliance Power Limited |
|
1 |
|
Mr. Vibhav Agarwal jointly with
Reliance Power Limited |
|
1 |
|
Mr. Asim Kumar De jointly with
Reliance Power Limited |
|
1 |
|
Mr. V. K. Reddy jointly with
Reliance Power Limited |
|
1 |
|
Total |
|
424405000 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Reliance Power Limited |
|
4183000 |
|
Total |
|
4183000 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company was set up as a Special Purpose Vehicle to develop and
operate 1200 mega watt coal based power project in Shahjahanpur district, Uttar
Pradesh. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Chaturvedi and Shah Chartered Accountant |
|
Address : |
714-715, Tulsiani Chambers, 212, Nariman Point, Mumbai – 400021,
Maharashtra,
India |
|
PAN No.: |
AAAFC0662N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
Reliance Power Limited |
|
|
|
|
Major Investing Party/promoters Having Significant influences on the
holding company directly or indirectly : |
|
|
|
|
|
Enterprises over which, person mentioned in A: |
|
|
|
|
|
Fellow subsidiaries : |
|
CAPITAL STRUCTURE
As on 24.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1400,000,000 |
Equity Shares |
Rs.10/- each |
Rs.14000.000 Million |
|
1000,000,000 |
Preference Shares |
Rs.1/- each |
Rs.1000.000 Million |
|
|
Total |
|
Rs.15000.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
424,405,000 |
Equity Shares |
Rs.10/- each |
Rs.4244.050
Million |
|
4,183,000 |
Preference Shares |
Rs.1/- each |
Rs.4.183
Million |
|
|
Total |
|
Rs.4248.233 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 |
4248.233 |
4246.015 |
4246.015 |
|
(b) Reserves & Surplus |
31333.362 |
22832.488 |
15831.170 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
200.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
35581.595 |
27278.503 |
20077.185 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
39059.227 |
41132.870 |
39109.383 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
3466.021 |
3152.137 |
2670.011 |
|
(d) long-term
provisions |
16.831 |
12.720 |
7.787 |
|
Total Non-current
Liabilities (3) |
42542.079 |
44297.727 |
41787.181 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
10446.931 |
9319.826 |
3057.761 |
|
(b) Trade
payables |
2047.709 |
1937.852 |
1236.533 |
|
(c) Other
current liabilities |
8113.077 |
5702.914 |
5243.935 |
|
(d) Short-term
provisions |
162.854 |
1.144 |
0.758 |
|
Total Current
Liabilities (4) |
20770.571 |
16961.736 |
9538.987 |
|
|
|
|
|
|
TOTAL |
98894.245 |
88537.966 |
71403.353 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
58430.813 |
58633.888 |
47009.514 |
|
(ii)
Intangible Assets |
8.391 |
5.958 |
5.100 |
|
(iii)
Capital work-in-progress |
1505.977 |
897.401 |
12194.194 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
4750.000 |
4750.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
271.965 |
417.334 |
346.702 |
|
(e) Other
Non-current assets |
16.045 |
434.084 |
0.000 |
|
Total Non-Current
Assets |
64983.191 |
65138.665 |
59555.510 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
3503.976 |
3491.006 |
1576.751 |
|
(c) Trade
receivables |
9736.915 |
12216.505 |
6351.939 |
|
(d) Cash
and cash equivalents |
1447.368 |
2295.791 |
3377.952 |
|
(e)
Short-term loans and advances |
19139.173 |
3614.838 |
526.786 |
|
(f) Other
current assets |
83.622 |
1781.161 |
14.415 |
|
Total
Current Assets |
33911.054 |
23399.301 |
11847.843 |
|
|
|
|
|
|
TOTAL |
98894.245 |
88537.966 |
71403.353 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
44775.375 |
43082.037 |
19581.560 |
|
|
|
Other Income |
125.102 |
117.336 |
92.643 |
|
|
|
TOTAL (A) |
44900.477 |
43199.373 |
19674.203 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
26241.574 |
25620.731 |
11285.352 |
|
|
|
Employees benefits expense |
290.911 |
302.204 |
184.094 |
|
|
|
Other expenses |
1318.237 |
851.604 |
527.080 |
|
|
|
TOTAL (B) |
27850.722 |
26774.539 |
11996.526 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
17049.755 |
16424.834 |
7677.677 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4396.305 |
5309.133 |
2271.652 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
12653.450 |
11115.701 |
5406.025 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2431.538 |
2320.853 |
1177.892 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
10221.912 |
8794.848 |
4228.133 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2136.820 |
1793.530 |
841.835 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
8085.092 |
7001.318 |
3386.298 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
19.05 |
16.50 |
8.08 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
22037.307 |
8683.170 |
(4839.881) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
18.06 |
16.25 |
17.29 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
38.08 |
38.12 |
39.21 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.03 |
10.61 |
7.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.32 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.39 |
1.85 |
2.10 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.63 |
1.38 |
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 |
4246.015 |
4246.015 |
4248.233 |
|
Reserves & Surplus |
15831.170 |
22832.488 |
31333.362 |
|
Share Application money
pending allotment |
0.000 |
200.000 |
0.000 |
|
Net
worth |
20077.185 |
27278.503 |
35581.595 |
|
|
|
|
|
|
long-term borrowings |
39109.383 |
41132.870 |
39059.227 |
|
Short term borrowings |
3057.761 |
9319.826 |
10446.931 |
|
Total
borrowings |
42167.144 |
50452.696 |
49506.158 |
|
Debt/Equity
ratio |
2.100 |
1.850 |
1.391 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
19581.560 |
43082.037 |
44775.375 |
|
|
|
120.013 |
3.930 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
19581.560 |
43082.037 |
44775.375 |
|
Profit |
3386.298 |
7001.318 |
8085.092 |
|
|
17.29% |
16.25% |
18.06% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
No |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
No |
|
8] |
Designation of contact person |
No |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
No |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
Yes |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
Yes |
|
26] |
Turnover of firm for last three years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
Yes |
|
32] |
Litigations that the firm/promoter
involved in |
-- |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
(Rs.
In Million)
|
Particular |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
Long Term
Borrowing |
|
|
|
Deferred entry tax |
1555.144 |
1058.275 |
|
Deferred value added tax |
134.635 |
113.405 |
|
Total |
1689.779 |
1171.680 |
GENERAL
INFORMATION
Rosa Power Supply Company Limited is a wholly owned subsidiary of
Reliance Power Limited. The company was set up a special Purpose Vehicle to
develop and operate 1,200 mega watt coal based power project in Shahjahanpur
district, Uttar Pradesh. The entire power generated is being sold to Uttar
Pradesh Power Corporation Limited (UPPCL) as per the terms of Power Purchase
Agreement (PPA)
OPERATIONS
The Company, which is a wholly owned subsidiary of Reliance Power Limited, has set up the (4x300) 1,200 MW coal-fired power project at Rosa village in Shahjahanpur, Uttar Pradesh.
All the four units operated satisfactorily during the year recording a plant availability of 104% and the highest PLF of 94%. During the year there was a consistent growth in generation and profitability.
The electricity produced from the entire project is being sold to UPPCL under a long term PPA. The Company was also the recipient of a meritorious award from the Ministry of Power for “Early Completion of thermal Power Project”.
The Company also received the following accreditations from the Bureau Veritas-IMS Certifications –ISO :9001,ISO:14001 and BS OHSAS:18001.
Shifting Of Registered Office of the Company
Pursuant to the order issued by the Regional
Director, Northern Region, Noida on February 6, 2013, the Registered Office of
the company was shifted from the state of Uttar Pradesh to the state of
Maharashtra. The above change was registered by the Registrar of Companies vide
certificate of registration dated May 18, 2013 in consequence of which the
registered office has been relocated with effect from the above date premises
located at the ‘7th floor, B Wing, Raheja Point-I, Jawaharlal Nehru
Marg, Vakola Market, Santacruz (East), Mumbai-400055’.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10560453 |
23/03/2015 |
5,000,000,000.00 |
Axis Bank Limited |
Corporate Banking Branch, Axis house, Ground Floor |
C49598204 |
|
2 |
10535715 |
15/11/2014 |
15,000,000,000.00 |
State Bank of India |
Neville House, J.N. Heredia Marg,, Ballard Estate |
C36439958 |
|
3 |
10511797 |
21/07/2014 |
1,800,000,000.00 |
IDBI Bank Limited |
IDBI Tower, WTO Complex, Cuffe Parade, Mumbai, Maharashtra - 400005,
INDIA |
C14279657 |
|
4 |
10484921 |
24/03/2014 |
1,500,000,000.00 |
PUNJAB NATIONAL BANK |
Punjab National Bank, Maker Tower E, Ground Floor |
C00520098 |
|
5 |
10420247 |
01/04/2013 |
1,400,000,000.00 |
Bank of Baroda |
Corporate Financial Services branch, Ground Floor, |
B73336786 |
|
6 |
10398021 |
20/02/2014 * |
5,000,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
Asian Building, Ground Floor, 17, Kamani Marg, Ballard Estate, Mumbai,
Maharashtra - 400001, INDIA |
B98253123 |
|
7 |
10332787 |
04/01/2012 |
3,918,100,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,, Ballard Estate,,
MUMBAI, Maharashtra - 400001, INDIA |
B30923353 |
|
8 |
10320280 |
21/11/2011 |
4,554,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,, Ballard Estate,,
MUMBAI, Maharashtra - 400001, INDIA |
B26378109 |
|
9 |
10279156 |
21/08/2014 * |
15,500,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
Asian Building, Ground Floor, 17, R. Kamani Marg,, |
C20543757 |
|
10 |
10203786 |
04/01/2012 * |
15,798,100,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,, Ballard Estate,,
MUMBAI, Maharashtra - 400001, INDIA |
B30925861 |
* Date of charge modification
FIXED ASSETS
- Land And
Building
- Computers
- Office
Equipment
- Motor Vehicle
- Furniture And
Fixture
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.72.00 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
67 |
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.