MIRA
INFORM REPORT
|
Report No. : |
330520 |
|
Report Date : |
02.07.2015 |
IDENTIFICATION
DETAILS
|
Name : |
THYSSENKRUPP INDUSTRIES INDIA PRIVATE LIMITED (w.e.f. 1993) |
|
|
|
|
Formerly Known
As : |
KRUPP INDUSTRIES INDIA
LIMITED |
|
|
|
|
Registered
Office : |
154C, Mittal
Tower, 15th Floor, 210, Nariman Point, Mumbai – 400021, |
|
Tel No.: |
91-22-27425461 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
23.01.1947 |
|
|
|
|
Com. Reg. No.: |
11-005508 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.97.870 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH1947PTC005508 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
PNET03957C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK1947K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Sugar Machinery, Cement Machinery,
Material Handling Equipment’s etc. |
|
|
|
|
No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (65) |
|
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 |
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|
|
|
Comments : |
Subject is a well-established company having fine track record. Financial position of the company seems to be decent for the period
i.e. 6 months (1st October 2013-31st March 2014). Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. Note: The company has changed its financial year from 30th
September to 31st March from 12 months to 6 Months ranging from
1.10.2013 to 31.03.2014. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term Fund Based Limits = AA |
|
Rating Explanation |
Have high degree of safety and carry very low credit risk. |
|
Date |
March, 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 PARTED BY
|
Name : |
Mr. Gaurav Makashir |
|
Designation : |
Finance Department |
|
Contact No.: |
91-20-27425461 |
|
Date : |
02.07.2015 |
LOCATIONS
|
Registered Office / Factory 1 : |
154 C, Mittal
Tower, 15th Floor, 210, Nariman Point, Mumbai – 400021,
Maharashtra, India. |
|
Tel. No.: |
91-22-27425461/22020064 |
|
Mobile No.: |
91-9822479741 (Mr. Gopal Prabhu) |
|
Fax No.: |
91-22-22044025/22026837 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
4500 sq. ft |
|
Location : |
Owned |
|
Locality: |
Commercial |
|
|
|
|
Head Office /
Factory 2: |
Pimpri, Pune -
411018, Maharashtra, India |
|
Tel. No.: |
91-20-27425461 /
2 / 3 / 4 |
|
Fax No.: |
91-20-27425350 |
|
E Mail : |
|
|
|
|
|
Factory 3 : |
Cherlapally,
Hyderabad - 500051, Andhra Pradesh, India |
|
Tel. No.: |
91-40-27263540 |
|
Fax No.: |
91-40-27263162 |
|
E-Mail : |
DIRECTORS
As on 26.08.2014
|
Name : |
Shehata Ramsis Shehata |
|
Designation : |
Director |
|
Address : |
28, Strathaven Mews SW, |
|
Date of Birth/Age : |
06.05.1951 |
|
Date of Appointment : |
23.05.2003 |
|
DIN No.: |
00480010 |
|
|
|
|
Name : |
Mr. Dara Nadirshaw Damania |
|
Designation : |
Director |
|
Address : |
11, |
|
Date of Birth/Age : |
02.12.1936 |
|
Date of Appointment : |
01.01.1978 |
|
Voter ID No.: |
MT/42/250/486422 |
|
DIN No.: |
00403834 |
|
|
|
|
Name : |
Mr. Vinod Jamnadas Mehta |
|
Designation : |
Director |
|
Address : |
20A, 4th Floor, Thakur Nivas, Co-Operative Housing Society, 173,
J Tata Road, Churchgate, Mumbai – 400 020, Maharashtra, India |
|
Date of Birth/Age : |
11.04.1932 |
|
Date of Appointment : |
20.02.1990 |
|
Voter ID No.: |
MT/04/024/102891 |
|
DIN No. : |
00087505 |
|
|
|
|
Name : |
Mr. Premal Narendra Kapadia |
|
Designation : |
Director |
|
Address : |
Flat No. 6, Haveli, 19, L D Ruparel Marg, Mumbai-400006, |
|
Date of Birth/Age : |
05.06.1949 |
|
Date of Appointment : |
12.07.1999 |
|
Voter ID No.: |
MT/04/024/096081 |
|
DIN No. : |
00042090 |
|
|
|
|
Name : |
Mrs. Pallavi Arvind Parikh |
|
Designation : |
Director |
|
Address : |
333, |
|
Date of Birth/Age : |
19.12.1943 |
|
Date of Appointment : |
05.02.1999 |
|
DIN No. : |
00107779 |
|
|
|
|
Name : |
Mr. Vikram Mahendra Swarup |
|
Designation : |
Director |
|
Address : |
2 B, |
|
Date of Birth/Age : |
16.09.1948 |
|
Date of Appointment : |
19.12.2008 |
|
DIN No. : |
00163543 |
|
|
|
|
Name : |
Mr. Malaykumar Mahendrachandra Das |
|
Designation : |
Whole Time Director |
|
Address : |
Plot No. 14, Sector – A, Vrundavan Co-operative Housing Society
Limited, Off |
|
Date of Birth/Age : |
04.12.1950 |
|
Date of Appointment : |
09.03.2001 |
|
00408084 |
|
|
|
|
|
Name : |
Mr. Sivasubramanian Natarajan |
|
Designation : |
Whole Time Director |
|
Address : |
402 Agate, Lapis Lazulli, South Main Road, Koregaon Park,
Pune-411001, Maharashtra, India |
|
Date of Birth/Age : |
09.07.1959 |
|
Date of Appointment : |
06.09.2011 |
|
DIN No. : |
03632901 |
|
|
|
|
Name : |
Lothar Walter Jungemann |
|
Designation : |
Director |
|
Address : |
Josef- Wnkler-Str.18, Warendorf -48231 |
|
Date of Birth/Age : |
26.05.1964 |
|
Date of Appointment : |
26.04.2013 |
|
DIN No. : |
06565567 |
KEY EXECUTIVES
|
Name : |
Mr. Khushroo Jal Dastoor |
|
Designation : |
Company Secretary |
|
Address : |
A 806, |
|
Date of Birth/Age : |
09.06.1955 |
|
Date of Appointment : |
02.03.1998 |
|
Voter ID No.: |
MT / 0042 / 0251 / 111484 |
|
PAN No. : |
AARPD5292N |
|
|
|
|
Name : |
Mr. Nikhil Bandi |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.08.2014
NOTE: SHAREHOLDER DETAILS FILE ATTACHED
As on 26.08.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
54.73 |
|
Bodies corporate |
37.35 |
|
Directors or relatives of Directors |
5.56 |
|
Other |
2.36 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Sugar Machinery, Cement
Machinery, Material Handling Equipment’s etc. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Machinery |
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Countries : |
·
Germany ·
Oman ·
Malaysia ·
Vietnam ·
UAE ·
Africa Country |
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
Germany ·
Belgium ·
Japan ·
Ukraine |
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Terms : |
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Selling : |
Cash, Cheque and Credit (30 Days) |
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Purchasing : |
Cash, Cheque and Credit (30 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
·
Jindal Limited ·
Star Authority of India ·
Tata Steel Limited |
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|
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Customers : |
Retailers and End Users ·
Reliance industries Limited ·
Bharat Petroleum Corp Limited ·
Hindalco industries Limited ·
Tata Steel Limited |
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No. of Employees : |
1000 (Approximately) ) |
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Bankers : |
· State Bank of Travancore · Central Bank of India · ICICI Bank · Royal bank of Scotland
|
|
Auditors : |
|
|
Name : |
Price Waterhouse
and Company Chartered
Accountants |
|
Address : |
7Th Floor, Tower A, Wing - 1, Business Bay, Airport Road, Yerwada,, Pune, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADFP9359C |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Ultimate Holding
Company : |
· ThyssenKrupp AG |
|
|
|
|
Fellow Subsidiary : |
· ThyssenKrupp Resource Technologies · Rothe Erde GmbH · Uhde India Private Limited , India [U74200MH1977PTC020041] · ThyssenKrupp Elevators India Private Limited · ThyssenKrupp Academy GmbH · ThyssenKrupp System Engineering India Private Limited, India [U29220PN2011FTC139382] · Thyssenkrupp Engine Components India Private Limited, India [U29268MH2010PTC205326] · Thyssenkrupp Electrical Steel (India) Private Limited, India |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.100/- each |
Rs.100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
978650 |
Equity Shares |
Rs.100/- each |
Rs.97.870 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2014 (6 Months) |
30.09.2013
(12
Months) |
30.09.2012 (12
Months) |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
97.870 |
97.870 |
97.870 |
|
(b) Reserves & Surplus |
5657.090 |
5497.610 |
4950.110 |
|
(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) |
5754.960 |
5595.480 |
5047.980 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
155.770 |
121.930 |
93.710 |
|
Total
Non-current Liabilities (3) |
155.770 |
121.930 |
93.710 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
2972.850 |
2567.710 |
3263.740 |
|
(c) Other current liabilities |
4854.390 |
4925.260 |
5836.130 |
|
(d) Short-term provisions |
591.550 |
942.040 |
740.430 |
|
Total
Current Liabilities (4) |
8418.790 |
8435.010 |
9840.300 |
|
|
|
|
|
|
TOTAL |
14329.520 |
14152.420 |
14981.990 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
727.430 |
764.510 |
784.230 |
|
(ii) Intangible Assets |
9.100 |
11.230 |
9.890 |
|
(iii) Capital work-in-progress |
7.450 |
13.950 |
31.490 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
8.950 |
8.950 |
0.200 |
|
(c) Deferred tax assets (net) |
60.890 |
64.690 |
21.670 |
|
(d) Long-term Loan and Advances |
53.070 |
52.400 |
42.210 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
866.890 |
915.730 |
889.690 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2119.840 |
1961.580 |
2062.800 |
|
(c) Trade receivables |
5874.760 |
6604.130 |
6892.610 |
|
(d) Cash and cash equivalents |
3756.180 |
2854.580 |
2619.470 |
|
(e) Short-term loans and
advances |
1116.240 |
1347.600 |
1547.180 |
|
(f) Other current assets |
595.610 |
468.800 |
970.240 |
|
Total
Current Assets |
13462.630 |
13236.690 |
14092.300 |
|
|
|
|
|
|
TOTAL |
14329.520 |
14152.420 |
14981.990 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 (6 Months) |
30.09.2013
(12
Months) |
30.09.2012 (12
Months) |
|
|
SALES |
|
|
|
|
|
Turnover |
5117.510 |
12876.706 |
14577.368 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
355.206 |
1115.430 |
1401.130 |
|
|
|
|
|
|
|
Less |
TAX |
132.750 |
379.906 |
458.865 |
|
|
|
|
|
|
|
Add: |
EXCESS PROVISION FOR PREVIOUS YEARS |
0.000 |
6.612 |
10.058 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
222.456 |
742.136 |
952.323 |
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
244.745 |
214.742 |
152.462 |
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
Dividend |
53.826 |
166.371 |
205.517 |
|
|
Tax on Dividend |
9.148 |
28.275 |
33.340 |
|
|
Balance transferred to General
Reserve |
155.465 |
517.487 |
651.186 |
|
|
Balance
Carried to the B/S |
248.763 |
244.745 |
214.742 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
227.31 |
758.33 |
973.05 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
13870.00 |
Expected Sales (2015-2016) : Rs.16000.000 Million
The above information has been parted by Mr. Gaurav Makashir
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 (6 Months) |
30.09.2013
(12
Months) |
30.09.2012 (12
Months) |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 (6 Months) |
30.09.2013
(12
Months) |
30.09.2012 (12
Months) |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.49 |
7.93 |
9.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
0.20 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.60 |
1.57 |
1.43 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
30.09.2012 |
30.09.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
97.870 |
97.870 |
97.870 |
|
Reserves & Surplus |
4950.110 |
5497.610 |
5657.090 |
|
Net
worth |
5047.980 |
5595.480 |
5754.960 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
30.09.2012 |
30.09.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Turnover |
14577.368 |
12876.706 |
5117.510 |
|
|
|
(11.666) |
(60.258) |
NET PROFIT MARGIN
|
Net
Profit Margin |
30.09.2012 |
30.09.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Turnover |
14577.368 |
12876.706 |
5117.510 |
|
Profit |
952.323 |
742.136 |
222.456 |
|
|
6.53% |
5.76% |
4.35% |
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 |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
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 |
Yes |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIONS AND
PROSPECTS
Orders worth Rs.7800.000 million were booked during the six months period as against Rs.11404.000 million during the full year 2012-13. Orders on hand as on 1.4.2014 are Rs.19905.000 million as against Rs.17092.000 million as on 1.10.2013.
OUTLOOK FOR 2014-15:
Economy is expected to get back on track with the formation of new Government which has clear mandate for stability, good governance and development.
They expect that the development priorities will revolve around job creation, fiscal prudence, up-gradation of infrastructure and manufacturing resurgence coupled with long pending reforms such as GST, DTC, liberalization of FDI etc. A push for infrastructure projects is expected. With the expected improved FDI, Rupee is expected to hover in the rate of 57 +/- 2 per USD in medium term. This may partially affect export realization and competitiveness of the Indian engineering industry.
There will be stabilization period for the new Government with presentation of Union Budget for 2014-15 and firming up other policy measures.
GDP growth for the year 2014-15 is expected to be around 6% with long term view of 8%.
With the measures being planned by the new Government, they expect the economy to improve which will kick start the investments in projects by latter half of financial year 2014-15 and gradually get boost from 2015-16 onwards.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
80012972 |
17/01/2008 * |
11,000,000,000.00 |
BANK OF INDIA |
PIMPRI BRANCH, PIMPRI, PUNE, MAHARASHTRA - 411018 |
A31960586 |
* Date of charge modification
FIXED ASSETS
Tangible assets
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
Intangible assets
· Computer software
· Know-how
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.63.62 |
|
|
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.70.77 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
8 |
|
--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 |
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 |
|
65 |
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.