MIRA INFORM REPORT
|
Report No. : |
331237 |
|
Report Date : |
13.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
AMI TECH (INDIA) PRIVATE LIMITED (w.e.f. 17.11.2011) |
|
|
|
|
Formerly Known
As : |
AMI INDUSTRIES (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
6, Feltham
House, 2nd Floor, 10, J.N. Heredia Marg, Ballard Estate, Mumbai – 400
001, Maharashtra |
|
Tel. No.: |
91-22-4058730 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
05.12.1995 |
|
|
|
|
Com. Reg. No.: |
11-140949 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.24.500
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100MH1995PTC140949 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of AMR (Automatic Meter reader) RTU A200, DCU 0920, FRTU
F101 etc. |
|
|
|
|
No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 600000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated during the year 1995. It has a moderate track record. The company has possesses a moderate financial risk profile marked by sound net worth position along with favourable gap between trade payables and receivables, during the year under a review. Management has seen better sales turnover, whereas it has modest scale of operations and reported continuous and drastic decline in profitability margin. However, Trade relations are reported as fair. Business is active. Payments terms are reported as slow but correct. In view of long history of business operations, the company can be considered for business dealings with some cautions. |
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 |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Avdesh |
|
Designation : |
Marketing Manager |
|
Contact No.: |
91-9979755660 |
|
Date : |
09.07.2015 |
LOCATIONS
|
Registered Office/ Headquarter : |
6, Feltham
House, 2nd Floor, 10, J.N. Heredia Marg, Ballard Estate, Mumbai – 400
001, Maharashtra, India |
|
Tel. No.: |
91-22-40587300/ 340/ 341/ 40587350 |
|
Fax No.: |
91-22-40587360 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No.871/B2/A, Beside Kadam Consultant, GIDC, Mahapur, Vadodara –
390 010, Gujarat, India |
|
Tel. No.: |
91-265-2640065 |
|
|
|
|
Corporate R&D/ |
205 and 206, 2nd Floor, NSIC-EMDBP Kamalanagar, ECIL Post,
Hyderabad – 500 062, Andhra Pradesh, India |
|
Tel. No.: |
91-40-40176201-204 |
|
Fax No.: |
91-40-40176200 |
|
|
|
|
Education and Training Centre : |
202, 2nd Floor, NSIC-EMDBP Kamalanagar, ECIL Post,
Hyderabad – 500 062, Andhra Pradesh, India |
|
Tel. No.: |
91-40-40023714/ 15 |
|
Fax No.: |
91-40-40176200 |
|
|
|
|
Regional Office (North) : |
Unit No: DTJ 809, 8th Floor, DLF Tower-B, Jasola, New Delhi
– 110 025, India |
|
Tel. No.: |
91-11-40570032/35 |
|
Fax No.: |
91-11-40570035 |
|
|
|
|
Regional Office (East) : |
”Santhosh Chamber”, Module No.5C, New Town Road, Noa Para P.O.
Hatiara, P.S. Rajarhat, Kolkata – 700 157, West Bengal, India |
|
Tel. No.: |
91-33-25721050/ 51 |
|
Fax No.: |
91-33-25721049 |
|
|
|
|
Sales/ Marketing Office : |
New No.41, Ground Floor, Jayant Tech Park, Padmini Gardens, Mount
Poonamallee High Road, Nandambakkam, Chennai – 600089, Tamilnadu, India |
|
Tel. No.: |
91-44-42829606/ 42817161/ 42815737 |
|
|
|
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Branch Offices : |
Located at: · Gurgaon · Jodhpur · Jaipur · Panipat · Gwalior · Bhopal · Mumbai (Vashi) · Vadodara · Rajkot · Pune · Ranchi · Kerala |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Jayaramakrishnan Kannan |
|
Designation : |
Director |
|
Address : |
F1, Madhurams 1st Floor, 19-21, Balarakrishna Street , Mylapore,
Chennai - 600004, Tamilnadu, India |
|
Date of Birth/Age : |
27.03.1954 |
|
Date of Appointment : |
01.01.2014 |
|
DIN No.: |
06551104 |
|
|
|
|
Name : |
Mr. Dharmishta Thanna |
|
Designation : |
Director |
|
Address : |
34, Nepolina, J P Road, Seven Bunglow, Andheri (West),
Mumba - 400061, Maharashtra, India |
|
Date of Birth/Age : |
23.10.1963 |
|
Date of Appointment : |
01.01.2014 |
|
DIN No.: |
02045912 |
|
|
|
|
Name : |
Mr. Aparna Merchant |
|
Designation : |
Director |
|
Address : |
A/5, Sneha Sadan, Dia Road, Mumbai - 400026, Maharashtra,
India |
|
Date of Birth/Age : |
27.08.1964 |
|
Date of Appointment : |
17.06.2003 |
|
DIN No.: |
01668134 |
KEY EXECUTIVES
|
Name : |
Mr. Avdesh |
|
Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Paresh Merchant |
|
480000 |
|
Nitin Dantwala |
|
10 |
|
Jatin Parikh |
|
10 |
|
Nikhil Merchant |
|
60000 |
|
Dhanjay Gadre |
|
5000 |
|
Jatin B. Trivedi |
|
5000 |
|
Tanal Mohan Sinha |
|
5000 |
|
Mukundrai Talajia |
|
2000 |
|
Jatin Shah |
|
2500 |
|
Madhusudan Shah |
|
2500 |
|
Dharmesh Patel |
|
5000 |
|
Miri Technologies Private Limited, India |
|
160000 |
|
Veena Merchant |
|
1327970 |
|
Dilip Punater |
|
10 |
|
Aparna Merchant |
|
140000 |
|
Parasmani Merchandise Private Limited, India |
|
450000 |
|
Total |
|
2645000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
23.06 |
|
Directors or relatives of Directors |
75.91 |
|
Other top fifty shareholders |
1.03 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20331237%2013-Jul-2015_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of AMR (Automatic Meter reader) RTU A200, DCU 0920, FRTU
F101 etc. |
|
|
|
|
Products : |
AMR (Automatic Meter reader) RTU A200, DCU 0920, FRTU F101 etc. |
|
|
|
|
Brand Names : |
Not Available |
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|
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash, Cheque and Credit (60,90 days) |
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|
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Purchasing : |
Cash, Cheque and Credit (60,90 days) |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
1000 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
Short term borrowings Working Capital Loan from
banks include: i)
Axis Bank loan of Rs.26.350 million (March 31, 2013 Rs. 20.155
Million), which is secured by exclusive first charge by way of hypothecation
of entire current assets of the company, including stock and book debts,
present and future. ii)
Dena Bank loan of Rs. 19.992 Million (March 31, 2013: NIL) which is
secured by entire stocks and book- debts first pari-passu charge with Axis
Bank iii)
Yes Bank loan of Rs.: Nil million (March 31, 2013 rs. 20.009 Million)
is secured by fixed deposit for 100% of the value in the name of group
companies |
|
Auditors : |
|
|
Name : |
V.R. Renuka and Company Chartered Accountants |
|
Address : |
414, Dattani Trade Center, Chandravarkar Lane, Borivali (West), Mumbai
– 400 092, Maharashtra, India |
|
Tel. No.: |
91-22-28920170/ 28904743 |
|
Mobile No.: |
91-9820316018 |
|
Fax No.: |
91-22-28904743 |
|
E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AADPR5025M |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprise which exercise significant influence over the Company : |
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|
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Relative of key management personnel: |
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Enterprise significantly influence by relative of key management personnel: |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2450000 |
Equity Shares |
Rs.10/- each |
Rs.24.500
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 |
26.450 |
24.500 |
24.500 |
|
(b) Reserves & Surplus |
182.844 |
165.909 |
155.531 |
|
(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) |
209.294 |
190.409 |
180.031 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
17.750 |
135.412 |
75.922 |
|
(b) Deferred tax liabilities
(Net) |
1.651 |
0.427 |
-1.979 |
|
(c) Other long term
liabilities |
509.892 |
203.039 |
369.500 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
529.293 |
338.878 |
443.443 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
46.342 |
40.164 |
0.000 |
|
(b) Trade payables |
115.146 |
100.901 |
25.855 |
|
(c) Other current liabilities |
44.217 |
36.636 |
5.138 |
|
(d) Short-term provisions |
4.456 |
3.586 |
4.945 |
|
Total
Current Liabilities (4) |
210.161 |
181.287 |
35.938 |
|
|
|
|
|
|
TOTAL |
948.748 |
710.574 |
659.412 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
91.038 |
94.589 |
42.242 |
|
(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 |
23.922 |
46.294 |
175.148 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
39.885 |
36.609 |
166.465 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
154.845 |
177.492 |
383.855 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
217.918 |
8.328 |
2.434 |
|
(c) Trade receivables |
482.518 |
448.106 |
210.299 |
|
(d) Cash and cash equivalents |
62.421 |
43.530 |
41.866 |
|
(e) Short-term loans and
advances |
26.349 |
32.339 |
20.118 |
|
(f) Other current assets |
4.697 |
0.779 |
0.840 |
|
Total
Current Assets |
793.903 |
533.082 |
275.557 |
|
|
|
|
|
|
TOTAL |
948.748 |
710.574 |
659.412 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
443.691 |
451.141 |
385.216 |
|
|
Other Income |
6.274 |
11.017 |
14.959 |
|
|
TOTAL
(A) |
449.965 |
462.158 |
400.175 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
369.727 |
249.750 |
187.525 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(57.755) |
(5.894) |
(1.626) |
|
|
Employees benefits expense |
57.686 |
55.205 |
45.776 |
|
|
Other expenses |
38.159 |
75.484 |
56.286 |
|
|
Profit/ Loss on transaction in
securities |
16.624 |
39.197 |
4.724 |
|
|
TOTAL
(B) |
424.441 |
413.742 |
292.685 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
25.524 |
48.416 |
107.490 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
10.643 |
26.384 |
7.052 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
14.881 |
22.032 |
100.438 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
8.587 |
6.149 |
3.136 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
6.294 |
15.883 |
97.302 |
|
|
|
|
|
|
|
Less |
TAX (H) |
2.424 |
5.505 |
31.164 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
3.870 |
10.378 |
66.138 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
1.46 |
4.24 |
26.99 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
|
|
|
|
Vehicle loan |
0.157 |
0.140 |
0.125 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.87 |
2.30 |
17.17 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
5.75 |
10.73 |
27.90 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.68 |
2.39 |
20.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.08 |
0.54 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.31 |
0.92 |
0.42 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.78 |
2.94 |
7.67 |
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 |
24.500 |
24.500 |
26.450 |
|
Reserves & Surplus |
155.531 |
165.909 |
182.844 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
180.031 |
190.409 |
209.294 |
|
|
|
|
|
|
long-term borrowings |
75.922 |
135.412 |
17.750 |
|
Short term borrowings |
0.000 |
40.164 |
46.342 |
|
Current maturities of
long-term debts |
0.125 |
0.140 |
0.157 |
|
Total
borrowings |
76.047 |
175.716 |
64.249 |
|
Debt/Equity
ratio |
0.422 |
0.923 |
0.307 |
%20PRIVATE%20LIMITED%20-%20331237%2013-Jul-2015_files/image015.gif)
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 |
385.216 |
451.141 |
443.691 |
|
|
|
17.114 |
(1.651) |
%20PRIVATE%20LIMITED%20-%20331237%2013-Jul-2015_files/image017.gif)
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 |
385.216 |
451.141 |
443.691 |
|
Profit |
66.138 |
10.378 |
3.870 |
|
|
17.17% |
2.30% |
0.87% |
%20PRIVATE%20LIMITED%20-%20331237%2013-Jul-2015_files/image019.gif)
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 |
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 |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
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 |
No |
|
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 |
NOTE: Registered office of the company has been shifted from Swan Mills Limited Compound 15 Tokersey Jivraj Road, Sewree (West) Mumbai – 400015, Maharashtra, India to the present address w.e.f. 15.12.2010
FINANCIAL RESULTS:
During the Financial year,
the Company has earned a net profit of Rs.3.870 million as against net profit of Rs.10.378 million in the previous year
ended on 31st March, 2013. The Company has made provision for
taxation of Rs1.200 million as against
Rs.3.100 million provided for in
the preceding year.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loan and advance from related parties |
16.548 |
134.953 |
|
Other loan and advances |
|
|
|
Vehicle Loan |
1.202 |
0.459 |
|
Total |
17.750 |
135.412 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10478688 |
24/01/2014 |
122,000,000.00 |
DENA BANK |
WORLI BRANCH, TULSI VIHAR, DR. A. B. ROAD, WORLI, |
B96825500 |
|
2 |
10355892 |
09/07/2014 * |
130,000,000.00 |
AXIS BANK LIMITED |
AXIS HOUSE, CORPORATE BANKING BRANCH,, BOMBAY DYE |
C14608947 |
* Date of charge modification
CONTINGENT LIABILITIES:
|
Particulars |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
i)
Income Tax |
44.542 |
154.876 |
FIXED ASSETS:
· Land
· Buildings
· Plant and Machinery
· Computers
· Furniture and Fixtures
· Motor Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.63.38 |
|
UK Pound |
1 |
Rs.97.65 |
|
Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
MNJ |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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 |
|
36 |
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.