MIRA INFORM REPORT
|
Report No. : |
332877 |
|
Report Date : |
22.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
NSSL PRIVATE LIMITED (w.e.f 30.09.2014) |
|
|
|
|
Formerly Known
As : |
NSSL LIMITED (w.e.f 06.10.2005) NECO SCHUBERT AND SALZER LIMITED (w.e.f 14.05.1996) NECO VALVES LIMITED (w.e.f 07.02.1995) BHILAI IRON FOUNDRY LIMITED |
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Registered
Office : |
F – 8, MIDC Industrial Ares, Hingna Road, Nagpur – 440016, Maharashtra |
|
Tel. No.: |
91-7104-662500 |
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|
|
Country : |
India |
|
|
|
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
23.04.1981 |
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|
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Com. Reg. No.: |
11-163100 |
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|
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Capital
Investment / Paid-up Capital : |
Rs. 296.011 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27310MH1981PTC163100 |
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|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NGPN01511G |
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|
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PAN No.: [Permanent Account No.] |
AAACN7173N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in manufacture and sale of various
types of Iron and Steel Valves. |
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|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 3800000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
NSSL Private Limited was incorporated on 23rd April 1981. It
is established company having moderate track record. During FY-2014, the company have reported low operational marked by
heavy losses from its activities. Ratings takes into account the delays in
debt servicing by company precipitated by its tight liquidity profile. Rating, however gain strength on company long track record and
experienced of the promoters ion the industry and wide network for its
products in the market. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. In view of long track record backed by experienced promoters, the
company can be considered for business 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) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION DENIED
Management non co-operative (Tel. No.: 91-7104-662500)
LOCATIONS
|
Registered Office : |
F – 8, MIDC Industrial Ares, Hingna Road, Nagpur – 440016,
Maharashtra, India |
|
Tel. No.: |
91-7104-237276 / 236251 / 236255 / 237471 / 237472 / 237461 / 662500 |
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Fax No.: |
91-7104-236255 / 237583 / 237586 |
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E-Mail : |
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|
Website : |
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Head Office : |
T – 44/ 45, M.I.D.C. Industrial Area, Hingna Road, Nagpur – 440 016,
Maharashtra, India |
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Tel. No.: |
91-7104-662500 / 232726 / 232727 / 237042 / 232725 |
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Fax No.: |
91-7104-232725 / 237583 / 236255 |
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Factory : |
Also Located At :
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|
Valve Division: |
Tel No : 91-7104-662500 (30 Lines) / 232726, 232742 Fax No : 91-7104-662509 / 232725 |
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Brass Valve Division: |
Tel No: 91-7104-232726 / 232727 / 237042 Fax No: 91-7104-232725 |
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Auto Components: |
Tel No: 91-7104-662500 (30 Lines) / 232726, 232742 Fax No: 91-7104-662509/ 232725 |
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Branch Office : |
Located at:
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DIRECTORS
AS ON 22.09.2014
|
Name : |
Mr. Anand Arvindkumar Jayaswal |
|
Designation : |
Managing director |
|
Address : |
Usha Sadan, 246, PT. R.S.S. Marg, Civil Lines, |
|
Experience : |
10 Years |
|
Date of Birth/Age : |
10.11.1976 |
|
Date of Appointment : |
01.04.2008 |
|
DIN No. : |
00192612 |
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PAN No.: |
ABVPJ9068P |
|
|
|
|
Name : |
Mr. Siddharth Jaiswal |
|
Designation : |
Whole time director |
|
Address : |
45/4, Nehru Nagar, (West), Bhilai – 490020, Chhattisgarh, India |
|
Date of Birth/Age : |
14.04.1982 |
|
Date of Appointment : |
25.05.2013 |
|
DIN No. : |
00405510 |
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PAN No.: |
AAOPJ3060D |
|
|
|
|
Name : |
Mr. Awadh Bihari Pandey |
|
Designation : |
Director |
|
Address : |
102, Ujawal Apartment, 51/E, Trimurty Nagar, |
|
Date of Birth/Age : |
20.08.1951 |
|
Date of Appointment : |
04.09.2004 |
|
DIN No. : |
01801851 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 22.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Basant Lall
Shaw |
|
574000 |
|
Arbind Jayaswal |
|
1276000 |
|
Ramesh Jayaswal |
|
792000 |
|
Nisha Jayaswal |
|
56000 |
|
Rita Jayaswal |
|
16000 |
|
Anand Jayaswal |
|
90000 |
|
Avneesh Jayaswal |
|
32000 |
|
Neco Leasing and Finance Private Limited, India |
|
728000 |
|
Shri Basant Lall Shaw (HUF) |
|
32000 |
|
Arbind Jayaswal (HUF) |
|
40000 |
|
Ramesh Jayaswal (HUF) |
|
128000 |
|
Jayaswal Holdings Private Limited, India |
|
2014072 |
|
Arnold Kawlath |
|
90000 |
|
Bertram Kawlath |
|
90000 |
|
Vibrant Electronics Limited, India |
|
1000000 |
|
Parivar Food Industries Private Limited, India |
|
1000000 |
|
Jyotikant Investments Private Limited, India |
|
1130000 |
|
Jayaswal Neco Energy Private Limited, India |
|
2102500 |
|
Nine Star Plastic Packaging Private Limited, India |
|
2216250 |
|
Avon Sales and Services Private Limited, India |
|
2179000 |
|
Anurag Sales and Services Private Limited, India |
|
2446000 |
|
Apex Spinning Mills Private Limited, India |
|
1937500 |
|
Jayaswal neco Metallics Private Limited, India |
|
2048500 |
|
Karamveer Impex Private Limited, India |
|
1968750 |
|
|
|
|
|
Total |
|
23986572 |
AS ON 16.04.2015
|
Names of
Allottee |
No. of Shares |
|
Jyotikant
Investment Private Limited, India |
545454 |
|
Vena
Infrastructure Private Limited, India |
1523641 |
|
|
|
|
Total |
2069095 |
Equity Share Break up (Percentage of Total Equity)
AS ON 22.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
0.75 |
|
Bodies corporate |
86.59 |
|
Directors or relatives of Directors |
12.66 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacture and sale of various types of Iron and Steel Valves. |
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Products : |
Not Divulged |
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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 |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
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Customers : |
Not Divulged
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name 1 : |
V.R. Inamdar
and Company Chartered
Accountants |
|
Address : |
502, Paul
Commercial Complex, |
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Tel. No.: |
91-712-2246662 |
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Pan No.: |
AABFV6391G |
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|
|
|
Name 2 : |
Arawal
Chhallani and Company Chartered
Accountants |
|
Address : |
51, New
Colony, Nagpur-440001, Maharashtra, India
|
|
Pan No.: |
AACFA2753L |
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Memberships : |
-- |
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Collaborators : |
-- |
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Subsidiary company
: |
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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 22.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs. 250.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
23986572 |
Equity Shares |
Rs.10/- each |
Rs. 239.866
Million |
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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 |
239.865 |
239.865 |
239.865 |
|
(b) Reserves & Surplus |
1090.235 |
1319.359 |
1278.422 |
|
(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) |
1330.100 |
1559.224 |
1518.287 |
|
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
593.139 |
530.676 |
714.150 |
|
(b) Deferred tax liabilities (Net) |
131.185 |
179.214 |
147.096 |
|
(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) |
724.324 |
709.890 |
861.246 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1087.740 |
1066.600 |
675.216 |
|
(b) Trade
payables |
988.825 |
933.976 |
431.130 |
|
(c) Other
current liabilities |
326.505 |
257.776 |
339.780 |
|
(d) Short-term
provisions |
31.728 |
66.568 |
63.870 |
|
Total Current
Liabilities (4) |
2434.798 |
2324.920 |
1509.996 |
|
|
|
|
|
|
TOTAL |
4489.222 |
4594.034 |
3889.529 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1624.750 |
1612.016 |
1688.314 |
|
(ii)
Intangible Assets |
5.739 |
7.241 |
8.997 |
|
(iii)
Capital work-in-progress |
49.337 |
128.022 |
72.693 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
37.762 |
37.762 |
37.762 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
279.851 |
291.371 |
319.805 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1997.439 |
2076.412 |
2127.571 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
2.700 |
0.000 |
0.781 |
|
(b)
Inventories |
906.941 |
865.561 |
533.460 |
|
(c) Trade
receivables |
1018.665 |
1142.282 |
788.020 |
|
(d) Cash
and cash equivalents |
90.139 |
62.121 |
46.202 |
|
(e)
Short-term loans and advances |
473.338 |
447.658 |
393.495 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
2491.783 |
2517.622 |
1761.958 |
|
|
|
|
|
|
TOTAL |
4489.222 |
4594.034 |
3889.529 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2504.379 |
2678.448 |
1985.634 |
|
|
|
Other Income |
54.761 |
35.520 |
3.768 |
|
|
|
TOTAL |
2559.140 |
2713.968 |
1989.402 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1609.441 |
1112.598 |
1424.965 |
|
|
|
Purchases of Stock-in-Trade |
441.483 |
769.450 |
0.000 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(28.523) |
(43.963) |
(146.418) |
|
|
|
Employees benefits expense |
204.182 |
199.569 |
179.787 |
|
|
|
Other expenses |
272.915 |
253.020 |
231.496 |
|
|
|
TOTAL |
2499.498 |
2290.674 |
1689.830 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
59.642 |
423.294 |
299.572 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
249.412 |
264.488 |
169.317 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(189.770) |
158.806 |
130.255 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
81.724 |
84.277 |
66.566 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
(271.494) |
74.529 |
63.689 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(42.370) |
33.592 |
21.557 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
(229.124) |
40.937 |
42.132 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(9.55) |
1.71 |
2.02 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(9.15) |
1.53 |
2.12 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
2.38 |
15.80 |
15.09 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(6.17) |
1.68 |
1.69 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.20) |
0.05 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.26 |
1.02 |
0.92 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.02 |
1.08 |
1.17 |
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 |
239.865 |
239.865 |
239.865 |
|
Reserves & Surplus |
1278.422 |
1319.359 |
1090.235 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1518.287 |
1559.224 |
1330.100 |
|
|
|
|
|
|
long-term borrowings |
714.150 |
530.676 |
593.139 |
|
Short term borrowings |
675.216 |
1066.600 |
1087.740 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
1389.366 |
1597.276 |
1680.879 |
|
Debt/Equity
ratio |
0.915 |
1.024 |
1.264 |
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 |
1985.634 |
2678.448 |
2504.379 |
|
|
|
34.891 |
(6.499) |
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 |
1985.634 |
2678.448 |
2504.379 |
|
Profit |
42.132 |
40.937 |
(229.124) |
|
|
2.12% |
1.53% |
(9.15%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
---- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
---- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
--- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
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: Registered office of the company has been shifted 105-106 Light Industrial Area Bhilai Chhattisgarh, Madhya Pradesh – 490026, India from to the present address w.e.f. 20.06.2006.
UNSECURED LOAN
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Deferred payment liabilities |
114.533 |
106.643 |
|
Loans and advances from related parties |
150.000 |
0.000 |
|
SHORT TERM
BORROWING |
|
|
|
Loans and advances from related parties |
59.499 |
8.999 |
|
Total |
324.032 |
115.642 |
|
|
|
|
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10548333 |
27/03/2015 * |
2,631,100,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, Maker Tower "E", Cuffe Parade, Mumbai, Maharashtra - 400005, INDIA |
C54387220 |
|
2 |
10468618 |
13/12/2013 |
100,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, 5, SAI COMPLEX, BHARAT NAGAR, AMRAVATI ROAD, NAGPUR, Maharashtra - 440010, INDIA |
B92793777 |
|
3 |
10349421 |
30/03/2012 |
1,630,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, NO 5, SAI COMPLEX, BHARAT NAGAR AMRAVATI ROAD POST BOX NO 401, NAGPUR, Maharashtra - 440010, INDIA |
B37497385 |
|
4 |
10210857 |
08/12/2010 * |
890,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE
BRANCH NO.5, SAI COMPLEX, BHARAT NAGAR, AMRAVATI ROAD, POST BOX NO. 401,
NAGPUR, INDIA |
B01957661 |
|
5 |
10200592 |
03/12/2010 * |
290,000,000.00 |
SICOM LIMITED |
NIRMAL BLDG1ST FLOOR, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
B01915792 |
|
6 |
10198021 |
07/01/2010 |
300,000,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, UNION BANK BHAVAN, 239, VIDHAN BHAVAN MARG, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
A78005501 |
|
7 |
10038586 |
09/01/2014 * |
2,880,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH,
NO 5, SAI COMPLEX, BHARAT NAGAR, AMRAVATI ROAD, POST BOX NO 401,
NAGPUR, INDIA |
B94341203 |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and
Equipments
- Furniture and
Fixture
- Vehicles
- Office
Equipments
- Computer
Equipments
- Other
Equipments
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. 63.65 |
|
UK Pound |
1 |
Rs. 99.14 |
|
Euro |
1 |
Rs. 68.91 |
INFORMATION DETAILS
|
Information Gathered
by : |
KMN |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
-- |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.