MIRA INFORM REPORT
|
Report No. : |
326348 |
|
Report Date : |
06.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
GMP TECHNICAL SOLUTIONS PRIVATE LIMITED (w.e.f. 21.02.2008) |
|
|
|
|
Formerly Known
As : |
G
M PARTITIONS PRIVATE LIMITED (w.e.f. 26.11.2007) QA TECHNICAL SERVICES
(INDIA) PRIVATE LIMTIED |
|
|
|
|
Registered
Office : |
3rd Floor, Swastik Disa Business Park, Behind Wadhani
Industrial Estate, L.B.S. Marg, Ghatkopar (West) Mumbai – 400086, Maharashtra |
|
Tel. No.: |
91- 22-66083700 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
22.09.2003 |
|
|
|
|
Com. Reg. No.: |
11-142312 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.149 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH2003PTC142312 |
|
|
|
|
IEC No.: |
0305057502 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACQ1042P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of clean room partitioning systems and turnkey solution
provider. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2200000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having satisfactory track. Trade relations are
reported as fair. Business is active. Payments are reported to be usually
correct. 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.
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 |
CRISIL |
|
Rating |
Long term rating=BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
24.09.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating=A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk.
|
|
Date |
24.09.2014 |
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 PARTED BY
|
Name : |
Mr. Milind Punwatkar |
|
Designation : |
Marketing Manager |
|
Contact No.: |
91-9769258074 |
|
Date : |
05.06.2015 |
LOCATIONS
|
Registered Office / Factory 1 : |
3rd Floor, Swastik Disa Business Park, Behind Wadhani
Industrial Estate, L.B.S. Marg, Ghatkopar (West) Mumbai – 400086,
Maharashtra, India |
|
Tel. No.: |
91- 22-66083700 |
|
Mobile No.: |
91-9819474824 (Mr. Vikas) |
|
Fax No.: |
91- 22-66083737 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office
: |
Village Kurawala PO Barotiwala, Tehsil Baddi, Solan – 174103, Himachal Pradesh, India |
|
Tel No. : |
91-1792-253101 / 253105 |
|
Fax No. : |
91-1792-255227 |
|
|
|
|
Factory 2 : |
Gunia Road Mandhala, Via Barotiwala, Kasauli, Solan – 174103, Himachal
Pradesh, India |
|
Tel No. : |
91-1792-253101/ 05/ 253072/ 85 |
|
Fax No. : |
91-1792-253072 |
|
|
|
|
Branch Office : |
Located at: ·
Goa ·
Hyderabad ·
Bangalore ·
New Delhi ·
Ghaziabad ·
Chennai ·
Sikkim ·
Pune ·
Indore ·
Ahmedabad |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Mr. Ajay Bhalchandra Mehta |
|
Designation : |
Director |
|
Address : |
101, Kagdipura, Behind Chhatripura Police Station, Indore – 452 002,
Madhya Pradesh, India |
|
Date of Birth/Age : |
10.01.1971 |
|
Qualification : |
Diploma
in Civil Engineers |
|
Experience : |
16 Years |
|
Date of Appointment : |
03.03.2008 |
|
DIN No.: |
00436908 |
|
PAN No.: |
AIPPM3891G |
|
|
|
|
Name : |
Mr. Prasant Vishnu Kavale |
|
Designation : |
Director |
|
Address : |
C-701, Satellite Garden, Film City Road, Goregaon (East), Mumbai – 400
063, Maharashtra, India |
|
Date of Birth/Age : |
27.07.1972 |
|
Qualification : |
B.E.
(Electrical.), M.B.A. (Finance) |
|
Experience : |
19 Years |
|
Date of Appointment : |
04.05.2009 |
|
DIN No.: |
02626965 |
|
PAN No.: |
AOUPK7373N |
|
|
|
|
Name : |
Mr. Krishnamurthy Muthuswamy |
|
Designation : |
Additional Director |
|
Address : |
Flat No.503, Atria, Zircon, Viman Nagar, Pune – 411 014, Maharashtra,
India |
|
Date of Birth/Age : |
10.06.1960 |
|
Date of Appointment : |
20.10.2010 |
|
DIN No.: |
00037763 |
|
|
|
|
Name : |
Mr. Siddharth Vasudevan Moorthy |
|
Designation : |
Additional Director |
|
Address : |
Vatsalya, Bunglow No.1, 315 Woods, Koregaon Park, Pune – 411 001,
Maharashtra, India |
|
Date of Birth/Age : |
20.12.1985 |
|
Date of Appointment : |
20.10.2010 |
|
DIN No.: |
02504124 |
|
|
|
|
Name : |
Venkatraman Mohan |
|
Designation : |
Director |
|
Address : |
Waman 46/3, Garodia Nagar, Ghatkopar (East),
Mumbai – 400 077, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1951 |
|
Date of Appointment : |
11.09.2012 |
|
DIN No.: |
00071517 |
KEY EXECUTIVES
|
Name : |
Mr. Milind Punwatkar |
|
Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS
AS ON 29.09.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Vascon Engineers Limited, India |
12689 |
84.99 |
|
Ajay Bhalchandra Mehta with Mamta Mehta |
353 |
2.36 |
|
Mamta Ajay Mehta with Ajay Mehta |
353 |
2.36 |
|
Prasant Vishnu Kavale with Harsha |
705 |
4.72 |
|
Ajay Bhalchandra Mehta |
415 |
2.78 |
|
Prashant Vishnu Kavale |
415 |
2.78 |
|
|
|
|
|
Total |
14930 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2014
|
Category |
Percentage |
|
Bodies corporate |
85.00 |
|
Directors or relatives of Directors |
15.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of clean room partitioning systems and turnkey solution
provider. |
|
|
|
|
Products : |
Clean Room Partitioning Systems |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit (30 / 60 / 90 Days) |
|
|
|
|
Purchasing : |
Cash, Credit (30 / 60 / 90 Days) |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
50 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
·
HDFC Bank Limited ·
Axis Bank Limited, Showroom No.45, 46, 47, Fauji Complex,
Sai Road, District Solan, Baddi – 173 205, Himachal Pradesh, India ·
Bank of Maharashtra, Lokmangal, 1501, Shivaji
Nagar, Pune – 411 005, Maharashtra, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Chandrashekhar Iyer and Company Chartered Accountants |
|
Address : |
14, Anuroop CHS Limited, Samatanager, Jekegram P.O., Thane – 400 606,
Maharashtra, India |
|
PAN No.: |
AAJPI9814M |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Holding Company: |
Vasco Engineers Limited |
CAPITAL STRUCTURE
AS ON 29.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14930 |
Equity Shares |
Rs.10/- each |
Rs.0.149 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 |
0.149 |
0.141 |
0.141 |
|
(b) Reserves & Surplus |
775.612 |
727.154 |
640.703 |
|
(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) |
775.761 |
727.295 |
640.844 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
184.766 |
167.732 |
200.692 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
16.719 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
12.428 |
8.350 |
|
Total Non-current
Liabilities (3) |
201.485 |
180.160 |
209.042 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
216.266 |
182.401 |
176.340 |
|
(b) Trade
payables |
312.352 |
185.351 |
246.398 |
|
(c) Other
current liabilities |
325.475 |
431.071 |
254.029 |
|
(d) Short-term
provisions |
11.576 |
11.728 |
1.231 |
|
Total Current
Liabilities (4) |
865.669 |
810.551 |
677.998 |
|
|
|
|
|
|
TOTAL |
1842.915 |
1718.006 |
1527.884 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
463.024 |
448.687 |
431.913 |
|
(ii)
Intangible Assets |
1.716 |
1.650 |
1.017 |
|
(iii) Capital
work-in-progress |
28.477 |
21.148 |
5.284 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2.451 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
19.240 |
15.726 |
10.712 |
|
(d) Long-term Loan and Advances |
88.507 |
25.234 |
50.006 |
|
(e) Other
Non-current assets |
10.443 |
11.466 |
22.183 |
|
Total Non-Current
Assets |
613.858 |
523.911 |
521.115 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
1.500 |
|
(b)
Inventories |
143.518 |
169.927 |
154.130 |
|
(c) Trade
receivables |
848.788 |
718.753 |
737.286 |
|
(d) Cash
and cash equivalents |
122.123 |
145.640 |
48.695 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other
current assets |
114.628 |
159.775 |
65.158 |
|
Total
Current Assets |
1229.057 |
1194.095 |
1006.769 |
|
|
|
|
|
|
TOTAL |
1842.915 |
1718.006 |
1527.884 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Gross
Receipts/ Turnover (Including other income) |
2273.761 |
2127.766 |
1685.567 |
|
|
|
TOTAL |
2273.761 |
2127.766 |
1685.567 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
2130.424 |
1957.832 |
1495.748 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
143.337 |
169.934 |
189.819 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
68.393 |
67.202 |
63.308 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
74.944 |
102.732 |
126.511 |
|
|
|
|
|
|
|
|
|
|
TAX |
26.486 |
19.281 |
47.514 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
48.458 |
83.451 |
78.997 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
515.753 |
640.248 |
152.773 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
3245.68 |
5918.51 |
5602.62 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
2500.000 |
The above information has been parted by Mr. Milind
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
5.842 |
0.175 |
0.175 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets) |
(%) |
4.18 |
6.11 |
8.37 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.14 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.52 |
0.48 |
0.59 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.42 |
1.47 |
1.48 |
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 |
0.141 |
0.141 |
0.149 |
|
Reserves & Surplus |
640.703 |
727.154 |
775.612 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
640.844 |
727.295 |
775.761 |
|
|
|
|
|
|
long-term borrowings |
200.692 |
167.732 |
184.766 |
|
Short term borrowings |
176.340 |
182.401 |
216.266 |
|
Current Maturities of Long term debt |
0.175 |
0.175 |
5.842 |
|
Total
borrowings |
377.207 |
350.308 |
406.874 |
|
Debt/Equity
ratio |
0.589 |
0.482 |
0.524 |
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 |
1685.567 |
2127.766 |
2273.761 |
|
|
|
26.234 |
6.861 |
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
|
1685.567 |
2127.766 |
2273.761 |
|
Profit |
78.997 |
83.451 |
48.458 |
|
|
4.69% |
3.92% |
2.13% |
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office
of the company has been shifted from Ground Floor, Building No.14, Village Hariyalli,
L.B.S. Marg, Vikhroli, Mumbai – 400 083,
Maharashtra to the present address w.e.f. 17.04.2009.
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Deposits |
167.732 |
167.732 |
|
|
|
|
|
Total |
167.732 |
167.732 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10500654 |
20/05/2014 |
300,000,000.00 |
BANK OF BARODA |
CHETAN
BLDG, RAJAWADI, GHATKOPAR (EAST), MUMBAI, |
C05397591 |
|
2 |
10491479 |
07/03/2014 |
21,600,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
ONE
FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, |
C04089942 |
|
3 |
10346153 |
21/02/2012 |
50,000,000.00 |
BANK OF MAHARASHTRA |
LOKMANGAL
1501, SHIVAJI NAGAR, PUNE, MAHARASHTRA |
B36523488 |
|
4 |
10253639 |
22/05/2013 * |
715,000,000.00 |
AXIS BANK LIMITED |
TRISHUL
3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW G |
B78670726 |
|
5 |
10253640 |
22/05/2013 * |
715,000,000.00 |
AXIS BANK LIMITED |
TRISHUL
3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW G |
B78688603 |
|
6 |
10253642 |
28/09/2010 |
100,000,000.00 |
AXIS BANK LIMITED |
SHOWROOM
NO. 45, 46, 47. FAUJI COMPLEX,, SAI ROAD |
A98921968 |
|
7 |
10178898 |
18/08/2009 |
3,000,000.00 |
DIRECTOR OF INDUSTRIES THROUGH DY. DIRECTOR OF INDUSTRIES |
SINGLE
WINDOW CLEARANCE AGENCY, DEPARTMENT OF IND |
A70034095 |
*Date of modification Charges
FIXED ASSETS:
·
Factory Plot
·
Buildings
·
Leasehold Improvement
Building
·
Leasehold Improvement
Electric Installation
·
Plant and Machinery
·
Furniture and Fixtures
·
Vehicles
·
Computer
·
Office Equipment
·
Software
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 records 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.63.90 |
|
|
1 |
Rs.97.98 |
|
Euro |
1 |
Rs.71.82 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
46 |
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.