MIRA INFORM REPORT
|
Report No. : |
332796 |
|
Report Date : |
18.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
SUPREME NONWOVEN INDUSTRIES PRIVATE LIMITED (w.e.f.02.01.2008) |
|
|
|
|
Formerly Known
As : |
BHILAD TEXTILE INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 110, 8th Floor, 16th Road, Chembur, Mumbai – 400071, Maharashtra |
|
Tel No.: |
91-22-25208822 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
04.06.1984 |
|
|
|
|
Com. Reg. No.: |
11-033072 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 5.882
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17120MH1984PTC033072 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB1673P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Non-Woven Items such as Interlinings,
Disposable Fabrics and Fabrics for Industrial Applications. |
|
|
|
|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an old and established company incorporated during the year
1984 having satisfactory track record. Profit of the company has continuously declined from its two years of operation. However reserves position of the company is sound. General financial position of the company is decent. Trade relations are reported as fair. Business is active. Payments terms are reported to be usually correct. In view of long track record and acceptable financial
base, the company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Cash Credit: BBB+ |
|
Rating Explanation |
Moderate degree of safety and carry moderate
credit risk. |
|
Date |
June 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Bank Guarantee : A2+ |
|
Rating Explanation |
Strong degree of safety and carry low credit
risk. |
|
Date |
June 2014 |
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 DECLINED
MANAGEMENT NON CO-OPERATIVE (91-22-25208822)
LOCATIONS
|
Registered Office : |
Supreme House, Plot No. 110, 8th Floor, 16th Road, Chembur, Mumbai – 400071,
Maharashtra, India |
|
Tel. No.: |
91-22-25208822 |
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Fax No.: |
91-22-25208092 |
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E-Mail : |
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|
Website : |
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|
|
|
|
Factory 1 : |
National Highway No.8, Bhilad, District Valsad – 396105, Gujarat ,
India |
|
Tel. No.: |
91-260-2784169/ 4669 |
|
Fax No.: |
91-260-2784170 |
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|
|
|
Factory 2 : |
Next to Dalwada Substation, Kadaiya Village, Airport Road, Daman –
396210, India |
|
Tel. No.: |
91-260-2221706/ 2220943/ 2220998
|
|
Fax No.: |
91-260-2220706 |
|
|
|
|
Factory 3 : |
Plot No.83, Phase I, Near
Zandupharma, GIDC, Vapi – 396195, Gujarat, India |
|
Tel. No.: |
91-260-2420441/ 3948420 |
|
Fax No.: |
91-260-2401332 |
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|
|
|
Branches : |
Located at: · Bawal · Bidadi · Chennai · Daman · Dharwad · Halol · Mumbai · Ranjangaon · Rudrapur · Sanand · Thailand ·
Vapi |
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Mohan Mahadev Kavrie |
|
Designation : |
Whole Time Director |
|
Address : |
E-25, Matru Krupa, Nandadeep Everest Society, Sahakar Nagar, Road
No-4, Chembur, Mumbai – 400071, Maharashtra, India |
|
Date of Birth/Age : |
24.05.1948 |
|
Qualification : |
B. Tech, M.S. |
|
Experience : |
41 Years |
|
Date of Appointment : |
02.05.2000 |
|
PAN No.: |
AADPK5561F |
|
Voter ID No.: |
MT/07/047/0264230 |
|
DIN No.: |
00243269 |
|
|
|
|
Name : |
Mr. Amit Mohan Kavrie |
|
Designation : |
Director |
|
Address : |
E-25, Matru Krupa, Nandadeep Everest Society, Sahakar Nagar, Road
No.4, Chembur, Mumbai – 400071, Maharashtra, India |
|
Date of Birth/Age : |
21.08.1977 |
|
Qualification : |
B.S., M.S. |
|
Experience : |
15 Years |
|
Date of Appointment : |
10.07.2006 |
|
PAN No.: |
AAIPK3917E |
|
DIN No.: |
00153017 |
|
|
|
|
Name : |
Mr. Harald Lothar Stini |
|
Designation : |
Director |
|
Address : |
Neue Plauensche Str 92, Plauen Ot Oderlosa, Germany |
|
Date of Birth/Age : |
29.03.1958 |
|
Date of Appointment : |
26.06.2006 |
|
DIN No.: |
02864818 |
|
|
|
|
Name : |
Mr. Christine Marieluise Kogler |
|
Designation : |
Director |
|
Address : |
Wernher-Von-Braun-Str. 23, Oberkotzau, Germany |
|
Date of Birth/Age : |
06.01.1964 |
|
Date of Appointment : |
30.09.2011 |
|
DIN No.: |
03269542 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Mohan Kavrie and Jaya Kavrie |
|
8751 |
|
Mohan Kavrie |
|
5503 |
|
Jaya Mohan Kavrie |
|
2001 |
|
Leela Mahadev Kavrie |
|
2000 |
|
Supreme Nonwovens Private Limited, India |
|
3750 |
|
Tenowo GmbH (Formerly known as Eswegee Vliesstoff Gmbh) |
|
28824 |
|
Amit Kavrie |
|
5495 |
|
Smita Kavrie |
|
2500 |
|
Total |
|
58824 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
55.38 |
|
Directors or relatives of Directors |
44.62 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Non-Woven Items such as Interlinings,
Disposable Fabrics and Fabrics for Industrial Applications. |
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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 : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Kalyaniwalla and Mistry Chartered Accountants |
|
Address : |
Kalpataru Heritage, 127 Mahatma Gandhi Road, Mumbai –
400001, Maharashtra, India |
|
Tel. No.: |
91-22-61587200 |
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Fax No.: |
91-22-22673964 |
|
PAN No.: |
AAAFK7554R |
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|
|
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Memberships : |
-- |
|
|
|
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Collaborators : |
-- |
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|
Enterprises with substantial
interest in the Company: |
Tenowo GmbH (Formerly known as Eswegee Vlisstoff GMBH ) (holds 49.0 % [previous year - 49.0%] of the equity share capital of the Company). |
|
|
|
|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives : |
· Supreme Nonwovens Private Limited [U51900MH1981PTC025149] · Supreme Polyfibres Private Limited [U17110MH2003PTC140428] · Supreme-Treves Private Limited [U34200MH1996PTC103764] · Matru Fabrics Private Limited [U28302MH1985PTC038122] ·
Cera Technologies Private Limited
[U34101MH2006PTC159745] · Supreme Treves Pelzers Private Limited |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60,000 |
Equity Shares |
Rs.100/- each |
Rs. 6.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
58,824 |
Equity Shares |
Rs.100/-
each |
Rs. 5.882 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 |
5.882 |
5.882 |
5.882 |
|
(b) Reserves & Surplus |
947.706 |
920.774 |
865.183 |
|
(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) |
953.588 |
926.656 |
871.065 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
212.384 |
176.442 |
243.02 |
|
(b) Deferred tax liabilities (Net) |
101.879 |
93.748 |
84.194 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
314.263 |
270.190 |
327.214 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
268.157 |
231.813 |
159.881 |
|
(b) Trade
payables |
124.396 |
139.372 |
106.092 |
|
(c) Other
current liabilities |
188.732 |
215.395 |
204.197 |
|
(d) Short-term
provisions |
11.424 |
12.355 |
6.728 |
|
Total Current
Liabilities (4) |
592.708 |
598.935 |
476.898 |
|
|
|
|
|
|
TOTAL |
1860.560 |
1795.781 |
1675.177 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1028.889 |
941.494 |
904.394 |
|
(ii)
Intangible Assets |
1.431 |
2.7 |
3.331 |
|
(iii)
Capital work-in-progress |
18.959 |
46.096 |
67.745 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.048 |
1.049 |
1.049 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
58.874 |
59.942 |
51.258 |
|
(e) Other
Non-current assets |
3.916 |
3.487 |
2.084 |
|
Total Non-Current
Assets |
1113.117 |
1054.768 |
1029.861 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
427.939 |
383.171 |
314.634 |
|
(c) Trade
receivables |
231.669 |
246.098 |
195.694 |
|
(d) Cash
and cash equivalents |
24.010 |
20.906 |
22.171 |
|
(e)
Short-term loans and advances |
59.647 |
83.237 |
112.817 |
|
(f) Other
current assets |
4.178 |
7.601 |
0.000 |
|
Total
Current Assets |
747.442 |
741.013 |
645.316 |
|
|
|
|
|
|
TOTAL |
1860.560 |
1795.781 |
1675.177 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2113.857 |
2034.308 |
1711.759 |
|
|
|
Other Income |
N.A |
NA |
N.A |
|
|
|
TOTAL |
N.A |
NA |
N.A |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
N.A |
N.A |
N.A |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
204.129 |
236.535 |
241.108 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
70.400 |
61.575 |
51.698 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
133.729 |
174.960 |
189.410 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
88.309 |
82.856 |
77.570 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
45.420 |
92.104 |
111.840 |
|
|
|
|
|
|
|
|
|
Less |
EXTRAORDINARY ITEM |
0.000 |
0.375 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
13.360 |
28..218 |
28.842 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
32.060 |
63.511 |
82.998 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
305.628 |
251.886 |
200.775 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
3.206 |
6.351 |
8.300 |
|
|
|
Proposed Dividend |
2.941 |
2.941 |
0.000 |
|
|
|
Interim dividend |
0.000 |
0.000 |
20.294 |
|
|
|
Tax on Dividend |
0.523 |
0.477 |
3.292 |
|
|
BALANCE CARRIED
TO THE B/S |
331.018 |
305.628 |
251.887 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Sales |
0.745 |
0.887 |
1.248 |
|
|
TOTAL EARNINGS |
0.745 |
0.887 |
1.248 |
|
|
|
|
|
|
|
|
|
|
CIF VALUE OF
CAPITAL GOODS |
20.327 |
25.793 |
42.384 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
545.02 |
1079.68 |
1410.95 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
94.078 |
113.848 |
106.307 |
|
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) |
(%) |
1.52 |
3.12 |
4.85 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
9.66 |
11.63 |
14.09 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.47 |
5.27 |
6.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
0.05 |
0.10 |
0.13 |
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
0.60 |
0.56 |
0.58 |
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
1.26 |
1.24 |
1.35 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
5.882 |
5.882 |
5.882 |
|
Reserves & Surplus |
865.183 |
920.774 |
947.706 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
871.065 |
926.656 |
953.588 |
|
|
|
|
|
|
long-term borrowings |
243.020 |
176.442 |
212.384 |
|
Short term borrowings |
159.881 |
231.813 |
268.157 |
|
Current maturities of
long-term debts |
106.307 |
113.848 |
94.078 |
|
Total
borrowings |
509.208 |
522.103 |
574.619 |
|
Debt/Equity
ratio |
0.585 |
0.563 |
0.603 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1711.759 |
2034.308 |
2113.857 |
|
|
|
18.843 |
3.910 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1711.759 |
2034.308 |
2113.857 |
|
Profit |
82.998 |
63.511 |
32.060 |
|
|
4.85% |
3.12% |
1.52% |
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 |
Yes |
|
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) |
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 |
NOTE:
The Registered Office of the company has been shifted from Centre Point,
7th Floor, 18th Road, Chembur, Mumbai – 400071,
Maharashtra, India to the present address w.e.f.29.11.2010.
UNSECURED LOAN
|
Particulars |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Intercorporate borrowings |
21.500 |
10.000 |
|
Loans and advances from directors |
4.075 |
0.000 |
|
Total |
25.575 |
10.000 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10490378 |
12/03/2015 * |
510,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE,,
COLABA,, MU |
C46676755 |
|
2 |
10480453 |
18/02/2014 |
134,488,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE,,
COLABA,, MU |
B97543342 |
|
3 |
10480693 |
20/09/2013 |
856,170,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE,,
COLABA,, MU |
B91138958 |
|
4 |
10381504 |
12/03/2015 * |
735,456,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE,,
COLABA,, MU |
C46677597 |
|
5 |
10380964 |
19/05/2014 * |
856,170,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE,,
COLABA,, MU |
C03834991 |
|
6 |
10263197 |
06/01/2011 |
14,180,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LTD.(
LEAD BA |
CHEMBUR 913 BRANCH, NATASHA PLAZA,, D.K.
SANDHU M |
B03661741 |
|
7 |
10269206 |
30/12/2010 |
4,590,000.00 |
THE SARASWAT CO-OPERATIVE BANK LTD |
RASEC DADAR BRANCH, LAXMAN ZULLA, 1ST
FLOOR, 50, |
B06214233 |
|
8 |
10239742 |
13/08/2010 |
710,000.00 |
THE SARASWAT CO-OPERATIVE BANK LTD |
RASEC DADAR BRANCH, LAXMAN ZULLA, 1ST
FLOOR, 50, |
A94155934 |
|
9 |
10151437 |
16/03/2009 |
610,507.00 |
THE SARASWAT CO-OP BANK LTD |
RASEC DADAR BRANCH, RANADE ROAD, DADAR
WEST, MUMB |
A59545764 |
|
10 |
90213980 |
11/07/2003 |
400,000.00 |
THE SARASAWAT CO-OPERATIVE BANK LTD |
CST BRANCH; AK NAIK MARG, MUMBAI,
MAHARASHTRA - 40 |
- |
* Date of charge modification
FIXED ASSETS
Tangible assets
· Land
· Buildings
· Residential building
· Office building
· Factory building
· Plant and equipment
· Other plant and equipment
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
· Computer equipments
· Other equipments
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.63.49 |
|
|
1 |
Rs.99.43 |
|
Euro |
1 |
Rs.69.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
50 |
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.