IRA INFORM REPORT
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Report No. : |
332374 |
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Report Date : |
17.07.2015 |
IDENTIFICATION DETAILS
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Name : |
FABTECH TECHNOLOGIES INTERNATIONAL LIMITED (w.e.f 09.07.2010) |
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Formerly Known
As : |
FABTECH TECHNOLOGIES INTERNATIONAL PRIVATE LIMITED (w.e.f 24.07.2001) PULSE PARENTERALS PRIVATE LIMITED |
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Registered
Office : |
717, Janki Centre, Off Veera Desai Road, Andheri West, Mumbai –
400053, Maharashtra |
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Tel. No.: |
91-22-61592900 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
20.11.1995 |
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Com. Reg. No.: |
11-094603 |
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Capital
Investment / Paid-up Capital : |
Rs. 27.859 Million |
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CIN No.: [Company Identification
No.] |
U24230MH1995PLC094603 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMF02816C |
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PAN No.: [Permanent Account No.] |
AAACF5671R |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of critical and vital elements like modular internal
partitions, hvac, cleanroom equipment and solutions, isolation systems, and
external construction. |
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No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (54) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 1400000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is a well - established company having fine track record. The rating reflects FTIL’s vast prior experience in the design and
fabrication of modular panels and containment solutions supported by decent
business profile of the company. Rating also reflects company’s healthy financial risk profile marked
by adequate liquidity position and decent profitability margins of the
company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. 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.
ECGC Country Risk Classification List – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
ICRA |
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Rating |
Long-term
Fund-based Limits = BBB+ |
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Rating Explanation |
Moderate degree
of safety and moderate credit risk. |
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Date |
August 2013 |
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Rating Agency Name |
ICRA |
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Rating |
Non-Fund based
limits = A2+ |
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Rating Explanation |
Strong degree of
safety and low credit risk. |
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Date |
August 2013 |
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
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Name : |
Miss. Akruti |
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Designation : |
Company Secretary |
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Contact No.: |
91-22-65566882 |
LOCATIONS
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Registered Office : |
717, Janki Centre, Off Veera Desai Road, Andheri West, Mumbai –
400053, Maharashtra, India |
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Tel. No.: |
91-22-61592900 |
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Fax No.: |
91-22-615928955 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory 1 : |
Plot No. 190/191, GIDC, Umbergaon Industrial Estate, Valsad – 396171,
Gujarat, India |
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Factory 2: |
Tina Udyog Bhawan No.1, Survey No.185/P, Green Industrial Park, Dongri
Pada, Poman Village, Kaman Vasai (East), Thane – 401208, Maharashtra, India |
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Branches : |
·
Hyderabad Address: H. No. 4-7-66/A, Flat No.3A, CKR Residency, Nagendra Nagar, Habsiguda, Hyderabad - 500007, INDIA Tel. No.: +91 – o40 – 27156267 , +91 – 040 – 65227265 Fax No.: +91 – 040 - 27156268 E-Mail : projectshyd@fabforms.ae · Delhi Address: 310-A, Aditya Arcde, Preet Vihar, New Delhi-110092, India Tel. No.: + 91 - 9250818450 E-Mail : delhi@fabtecheng.com |
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International
Branches : |
Located at: ·
Dubai ·
Egypt ·
Bangladesh |
DIRECTORS
AS ON 30.12.2014
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Name : |
Mr. Aasif Ahsan Khan |
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Designation : |
Managing Director |
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Address : |
604, D-15, Indira Darshan –II, Swami Samarth Nagar, Andheri (West), Mumbai
– 400053, Maharashtra, India. |
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Date of Birth/Age : |
13.09.1968 |
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Date of Appointment : |
31.01.2014 |
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PAN No.: |
AAQPK2312P |
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DIN No.: |
00156111 |
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Other Directorship:
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Name : |
Mr. Hemant Mohan Anavkar |
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Designation : |
Whole-time Director |
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Address : |
201, Samarth
Prasad, 9‐A/2, Apna Ghar, Swami Samarth Nagar, Andheri
(West), Mumbai - 400053, Maharashtra,
India |
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Date of Birth/Age : |
17.02.1962 |
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Date of Appointment : |
01.04.2004 |
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PAN No.: |
AAGPA9722P |
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DIN No.: |
00150776 |
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Other Directorship:
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Name : |
Mrs. Manisha Hemant Anavkar |
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Designation : |
Whole-time Director |
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Address : |
201, Samarth Prasad, 9‐A/2, Apna Ghar,
Swami Samarth Nagar, Andheri (West), Mumbai -
400053, Maharashtra, India |
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Date of Birth/Age : |
07.12.1968 |
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Date of Appointment : |
25.02.2012 |
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PAN No.: |
ADTPA8376P |
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DIN No.: |
00733660 |
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Other Directorship:
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Name : |
Mr. Naseem Ahsan Khan |
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Designation : |
Whole-time Director |
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Address : |
93/94, 09, Link
Garden Co‐Operative Housing Society Limited, New
Link Road, Oshiwara, Andheri (West), Mumbai, 400053, Maharashtra, India |
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Date of Birth/Age : |
12.11.1954 |
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Date of Appointment : |
25.02.2012 |
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DIN No.: |
00153263 |
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Other Directorship:
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Name : |
Mr. Arif Ahsan Khan |
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Designation : |
Whole-time Director |
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Address : |
209, 7/C, Al
Aman Apartment, Amrut Nagar, Oshiwara Garden Road, Jogeshwari (West), Mumbai,
400102, Maharashtra, India |
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Date of Birth/Age : |
13.05.1971 |
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Date of Appointment : |
01.04.2004 |
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PAN No.: |
AAEPK7770R |
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DIN No.: |
00156170 |
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Other Directorship:
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Name : |
Mr. Gopal Krishna Nair |
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Designation : |
Additional Director |
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Address : |
A‐1 Cenced ‐ 318 Union Park,
Khar, Mumbai - 400052, Maharashtra,
India |
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Date of Birth/Age : |
02.02.1940 |
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Date of Appointment : |
07.04.2014 |
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DIN No.: |
02772926 |
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Other Directorship:
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Name : |
Mr. Shabir Vazirali Badami |
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Designation : |
Independent Director |
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Address : |
3c, 505, Dheeraj Enclave, Opposite. Bhor Industrial, Off. Western Express Highway, Borivali (East), Mumbai - 400066, Maharashtra, India |
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Date of Appointment : |
07.04.2014 |
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DIN No.: |
06990998 |
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Name : |
Mr. Anand govind ganu |
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Designation : |
Director |
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Address : |
4b, Kohinoor Planet, Sangvi Road, Aundh, Pune City, Ganeshkhind, Pune - 411007, Maharashtra, India |
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Date of Appointment : |
30.12.2014 |
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DIN No.: |
07045465 |
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KEY EXECUTIVES
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Name : |
Miss. Akruti |
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Designation : |
Company Secretary |
MAJOR SHAREHOLDERS
AS ON 30.12.2014
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Names of Shareholders |
No. of Shares |
%age
holding |
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Aasif Ahsan Khan |
1661997 |
59.66 |
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Hemant Mohan Anavkar |
346250 |
12.43 |
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Aatif Khan |
1 |
0.00 |
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Haifaa Khan |
1 |
0.00 |
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Phiroz Mansuri |
1 |
0.00 |
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Aarif Khan |
415500 |
14.91 |
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Manisha Hemant Anavkar |
346250 |
12.43 |
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Acaciaa International Tr. LLC, UAE |
15890 |
0.57 |
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Total |
2785890 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.12.2014
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Category |
Percentage |
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Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
0.57 |
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Directors or relatives of Directors |
99.43 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of critical and vital elements like modular internal
partitions, hvac, cleanroom equipment and solutions, isolation systems, and
external construction. |
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Products : |
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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 : |
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Countries : |
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Imports : |
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Products : |
Machinery |
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Countries : |
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Terms : |
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Selling : |
L\C and Credit |
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Purchasing : |
L\C and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
500 (Approximately) |
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Bankers : |
·
Axis Bank Limited - Ground Floor, Axis House,
Bombay Dyeing Mills Compound, P B Marg, Worli, Mumbai, Maharashtra – 400025,
India Contact No.: 91-22-24252525 (Ringing) ·
Dena Bank - 67-A, Krishna Bhavan, Nehru Road,
Vile Parle (East), Mumbai – 400057, Maharashtra, India Union Bank of India - Vile Parle (West) Branch, 11 Vithal Nagar
Co-Operative Housing Society, 10th Road, Mumbai – 400 049,
Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
Deloitte Haskins and Sells Chartered Accountants |
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Address : |
Heritage, 3rd Floor, Near Gujarat Vidyapeth, Off |
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Tel. No.: |
91-79-27582542/ 27582543 |
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Fax No.: |
91-79-27582551 |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AABFD7919A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary Company: |
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Joint venture: |
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Enterprises Which
Are Owned, Or Have Significant Influence Of Or Are Partners WiTH KeY Management Personnel And Their
Relatives: |
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CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2785890 |
Equity Shares |
Rs.10/- each |
Rs.27.859 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 |
27.859 |
27.859 |
27.859 |
|
(b) Reserves &
Surplus |
477.014 |
392.477 |
320.352 |
|
(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) |
504.873 |
420.336 |
348.211 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
3.133 |
6.319 |
6.913 |
|
(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 |
7.142 |
6.218 |
4.403 |
|
Total Non-current
Liabilities (3) |
10.275 |
12.537 |
11.316 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
183.545 |
141.897 |
145.866 |
|
(b) Trade payables |
305.843 |
306.083 |
164.447 |
|
(c) Other current
liabilities |
275.888 |
258.266 |
181.634 |
|
(d) Short-term provisions |
46.737 |
16.165 |
17.843 |
|
Total Current Liabilities
(4) |
812.013 |
722.411 |
509.790 |
|
|
|
|
|
|
TOTAL |
1327.161 |
1155.284 |
869.317 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
168.670 |
177.908 |
179.277 |
|
(ii) Intangible Assets |
1.105 |
0.684 |
0.351 |
|
(iii) Capital
work-in-progress |
6.591 |
4.172 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
1.889 |
1.889 |
|
(b) Non-current
Investments |
1.718 |
1.718 |
1.718 |
|
(c) Deferred tax assets
(net) |
1.599 |
3.972 |
0.456 |
|
(d) Long-term Loan and Advances |
202.109 |
74.405 |
34.531 |
|
(e) Other Non-current
assets |
1.055 |
0.915 |
18.679 |
|
Total Non-Current Assets |
382.847 |
265.663 |
236.901 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.227 |
1.387 |
1.691 |
|
(b) Inventories |
291.400 |
256.137 |
147.516 |
|
(c) Trade receivables |
447.171 |
386.970 |
290.549 |
|
(d) Cash and cash
equivalents |
44.966 |
124.371 |
90.496 |
|
(e) Short-term loans and
advances |
143.319 |
119.937 |
99.258 |
|
(f) Other current assets |
17.231 |
0.819 |
2.906 |
|
Total Current Assets |
944.314 |
889.621 |
632.416 |
|
|
|
|
|
|
TOTAL |
1327.161 |
1155.284 |
869.317 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1535.506 |
1307.349 |
832.493 |
|
|
Other Income |
24.664 |
14.914 |
7.093 |
|
|
TOTAL (A) |
1560.170 |
1322.263 |
839.586 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
576.737 |
396.737 |
324.052 |
|
|
Purchases of
Stock-in-Trade |
231.233 |
381.378 |
107.739 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
43.677 |
(76.880) |
(15.005) |
|
|
Employees benefits
expense |
155.015 |
130.133 |
96.286 |
|
|
Other expenses |
395.082 |
361.343 |
201.047 |
|
|
TOTAL (B) |
1401.744 |
1192.711 |
714.119 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
158.426 |
129.552 |
125.467 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
21.879 |
16.254 |
16.879 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION (C-D) (E) |
136.547 |
113.298 |
108.588 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
12.711 |
12.487 |
12.395 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX
(E-F) (G) |
123.836 |
100.811 |
96.193 |
|
|
|
|
|
|
|
Less |
TAX (H) |
39.300 |
28.686 |
36.002 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX (G-H)
(I) |
84.536 |
72.125 |
60.191 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
601.231 |
735.745 |
345.144 |
|
|
TOTAL EARNINGS |
601.231 |
735.745 |
345.144 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
30.34 |
25.89 |
21.72 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1400.000 |
The above information has been parted by Miss. Akruti (Company
Secretary)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
2.384 |
3.252 |
2.401 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
10.365 |
114.177 |
46.283 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin
(PAT / Sales) |
(%) |
5.51 |
5.52 |
7.23 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
10.32 |
9.91 |
15.07 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.40 |
8.82 |
11.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25 |
0.24 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.37 |
0.36 |
0.45 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.16 |
1.23 |
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 |
27.859 |
27.859 |
27.859 |
|
Reserves & Surplus |
320.352 |
392.477 |
477.014 |
|
Net worth |
348.211 |
420.336 |
504.873 |
|
|
|
|
|
|
long-term borrowings |
6.913 |
6.319 |
3.133 |
|
Short term borrowings |
145.866 |
141.897 |
183.545 |
|
Current maturities of
long-term debts |
2.401 |
3.252 |
2.384 |
|
Total borrowings |
155.180 |
151.468 |
189.062 |
|
Debt/Equity ratio |
0.446 |
0.360 |
0.374 |
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 |
832.493 |
1307.349 |
1535.506 |
|
|
|
57.040 |
17.452 |
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 |
832.493 |
1307.349 |
1535.506 |
|
Profit |
60.191 |
72.125 |
84.536 |
|
|
7.23% |
5.52% |
5.51% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
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 four 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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LISTING DETAILS
CASE DETAILS
|
BENCH:-BOMBAY
Lodging No.:- SSL/1276/2011
Main Matter Reg
No.:- SS/2706/2011
|
ECONOMIC REVIEW
The World economy recovered from the worst financial crises, which affected international monetary system and failure of large number of banks and financial powerhouses. To combat with this situation many developed countries have come out with stimulus packages.
However, due to Integration of Indian economy with the global economy and due to conservative and pragmatic policies of the Government and RBI, the Indian banking sector has not been affected as its counterparts in the developed countries, it is widely predicted that India is much better position than many other economies to achieve an early and fast recovery.
BUSINESS OVERVIEW:
During the year, the Company was able to maintain a healthy order position and secured business totaling’s. 1535.500 million.
The Company has achieved EBITDA of 10.32% against 9.90% in previous year, whereby PAT is at par @ 5.53% as of last year @ 5.51%. The Company has maintained CAPEX at minimum level and OPEX under control to ensure cost-effectiveness.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10273808 |
12/06/2015 * |
502,500,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING BRANCH, AXIS HOUSE, GROUND FLOOR, BOMBAY DYEING MILLS COMPOUND, P.B.MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
C58183500 |
* Date of charge modification
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
contingent liabilities |
0.000 |
8.700 |
|
Total |
0.000 |
8.700 |
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
Intangible assets
- Computer software
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 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.63.50 |
|
UK Pound |
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.69.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
RKA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
GTA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
54 |
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.