MIRA INFORM REPORT
|
Report No. : |
325730 |
|
Report Date : |
06.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
MITTAL TECHNOPACK PRIVATE LIMITED (w.e.f.28.01.2015) |
|
|
|
|
Formerly Known
As : |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
|
|
|
|
Registered
Office : |
14, Bentinck Street, 2nd Floor, Room No.9, Kolkata –
700001, West Bengal |
|
Tel. No.: |
91-33-22570995/23252995 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
09.08.2002 |
|
|
|
|
Com. Reg. No.: |
21-094990 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.27.627 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209WB2002PTC094990 |
|
|
|
|
IEC No.: |
0203019148 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
CALM04123A |
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|
|
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PAN No.: [Permanent Account No.] |
AADCM4589Q |
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|
|
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of Jumbo Bays. |
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|
|
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No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 400000 |
|
|
|
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Subject is a part of MITTAL GROUP and is a premier manufacturer of
PP/HDPE based Polywoven products. General financial position of the company seems to be fair. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In the view of strong support from group and extensive experience of
promoters, the subject can be considered 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=BB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
21.05.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating=A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
21.05.2015 |
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 (GENERAL DETAILS)
|
Name : |
Mr. B. Sarkar |
|
Designation : |
Senior Commercial Manager |
|
Contact No.: |
91-33-22570995 |
|
Date : |
03.06.2015 |
LOCATIONS
|
Registered Office : |
14, Bentinck Street, 2nd Floor, Room No.9, Kolkata –
700001, West Bengal, India |
|
Tel. No.: |
91-33-22570995/23252995 |
|
Mobile No.: |
91-9831072962 (Mr. Pritesh) |
|
Fax No.: |
91-33-22100419 |
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E-Mail : |
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|
Website : |
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|
Factory : |
Jalan Industrial Complex, Gate No.3, Lane no.5, Sankharidaha, Domjur,
Howra-711411, West Bengal, India |
|
Tel. No.: |
91-33-32527388 |
|
Fax No.: |
91-33-26418107 |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Pramod Sahu |
|
Designation : |
Director |
|
Address : |
465, Subhash Nagar, Bye Lane, P. O. Rabindra Nagar, Kolkata – 700065,
West Bengal, India |
|
Date of Birth/Age : |
02.01.1957 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
15.12.2003 |
|
DIN No.: |
01149638 |
|
|
|
|
Name : |
Mrs. Shakuntala Devi |
|
Designation : |
Director |
|
Address : |
Grewal Colony, Bekar Bandh, Dhanbad - 826001, Jharkhand, India |
|
Date of Birth/Age : |
13.07.1951 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
31.07.2008 |
|
DIN No.: |
01087585 |
|
|
|
|
Name : |
Mr. Manoj Kumar Agarwal |
|
Designation : |
Managing Director |
|
Address : |
Gujarat Mansion, 14, Bentinck Street, 2nd Floor, Kolkata –
700001, West Bengal, India |
|
Date of Birth/Age : |
03.10.1973 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
10.03.2004 |
|
DIN No.: |
00569775 |
|
|
|
|
Name : |
Mr. Ram Prasad Agarwal |
|
Designation : |
Whole-time Director |
|
Address : |
Grewal Colony, Bekar Bandh, Dhanbad - 826001, Jharkhand, India |
|
Date of Birth/Age : |
30.06.1946 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
09.08.2002 |
|
DIN No.: |
00602959 |
KEY EXECUTIVES
|
Name : |
Mr. B. Sarkar |
|
Designation : |
Senior Commercial Manager |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Manoj Kumar Agarwal |
241100 |
|
Ram Prasad Agarwal |
370100 |
|
Bharosha Distributors Private Limited, India |
1009500 |
|
Akhil Kumar Shah |
60000 |
|
Nikhil Kumar Shah |
40000 |
|
Mittal Polypacks Private Limited, India |
380000 |
|
Daya Shankar Singh |
1000 |
|
Gaja Nand Agarwal |
5500 |
|
Punch Deo Singh |
5500 |
|
Rash Behari Dubey |
1000 |
|
Shambhu Nath Agarwal |
83500 |
|
Satendra Prasad Singh |
5500 |
|
Sushil Kumar Agarwal |
20000 |
|
Uttam Kumar Dubey |
5500 |
|
Binay Kumar Prajapati |
79500 |
|
Ram Prasad Agarwal (HUF) |
140000 |
|
Naresh Singh |
40000 |
|
Dalhousi Daramatics Private Limited, India |
275000 |
|
Total |
2762700 |
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
60.25 |
|
Directors or relatives of Directors |
27.19 |
|
Other top fifty shareholders |
12.56 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Jumbo Bays. |
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Products : |
· Big Bags and Jumbo Bags · Fabrics ·
Bag / Sacks |
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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 : |
Finished Goods |
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Countries : |
· Europe · USA ·
Israil ·
Australia |
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Imports : |
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Products : |
Raw Material |
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Countries : |
· Saudi Arabia · Singapore |
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Terms : |
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Selling : |
Cash, L/C and Credit |
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Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers and Manufacturer
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No. of Employees : |
200 (Approximately) |
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Bankers : |
· UCO Bank - Mid Corporate Branch, 10, B. T. M. Sarani,(Brabourne Road), Kolkata - 700001, West Bengal, India · State Bank of India - Commercial Branch, Kolkata 24; Park Street, Kolkata – 700016, West Bengal, India · ICICI Bank Limited - Landmarkrace Cource Circle, Alkapuri, Baroda – 390015, Gujarat, India · State Bank of India – SPL. Commercial Branch, Bank More, Dhanbad – 826001, Jharkhand, India |
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Facilities : |
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Note:
a) Term Loan from
Bank
- Nature of Security
Hypothecation of all fixed assets of the Company both present and future & Equitable Mortgage of Factory Land Approx 137.398 Kottah in the name of Company at Domjur, Equitable Mortgage of Land Approx 319 Decimals in the name of one of Director- Mr Manoj Kumar Agarwal at Dhanbad.
- Terms of Repayment
The total sanctioned loan was Rs.34.000 Million. However the amount disbursed was Rs.32.892 Million, which is repayable along with interest thereon at BR plus 4.60% p.a.(3.85% w.e.f Mar 14) in 54 monthly installments of Rs.0.630 Million each, started from August 2011 and ending on January 2016.
b) Home Loan from
Bank
- Nature of Security
Equitable Mortgage of immovable Property to be Acquired at Urbana Anandpur Kolkata & Ideal Exotica in the name of Company.
- Terms of Repayment
The total sanctioned loan was Rs.32.500 Million. However the amount disbursed was Rs.16.346 Million. The Closing Outstanding Balance is Rs15.569 Million which is repayable along with interest thereon at BR plus 1.25% p.a. in 180 monthly installments of Rs.0.193 Million each, started from November 2011 and ending on May 2026 & Rs.60.500 Million (23.000 & 37.500) along with interest thereon at BR plus 1.25 % p.a. is repayable in 180 monthly installments of Rs.0.254 and Rs.0.420 Million starting from May 2013.
|
Auditors : |
|
|
Name : |
J. Loyalka and Company Chartered Accountants |
|
Address : |
16, Mangoe Lane, Kolkata – 700001, West Bengal, India |
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Tel. No.: |
91-33-22484796 / 22301380 / 30284333 |
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Fax No.: |
91-33-30285333 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AABFJ8067H |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates : |
· Mittal Polypacks Private Limited |
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Entity having substantial interest in voting power of Company: |
· Bharosa Distribution Private Limited |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2762700 |
Equity Shares |
Rs.10/- each |
Rs.27.627
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 |
27.627 |
25.627 |
25.627 |
|
(b) Reserves & Surplus |
113.041 |
95.203 |
80.026 |
|
(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) |
140.668 |
120.830 |
105.653 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
121.031 |
79.473 |
45.143 |
|
(b) Deferred tax liabilities
(Net) |
2.253 |
3.886 |
6.552 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.966 |
1.045 |
1.223 |
|
Total
Non-current Liabilities (3) |
124.250 |
84.404 |
52.918 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
185.386 |
212.106 |
158.937 |
|
(b) Trade payables |
34.152 |
46.436 |
59.551 |
|
(c) Other current liabilities |
12.556 |
4.677 |
2.708 |
|
(d) Short-term provisions |
2.772 |
3.753 |
1.779 |
|
Total
Current Liabilities (4) |
234.866 |
266.972 |
222.975 |
|
|
|
|
|
|
TOTAL |
499.784 |
472.206 |
381.546 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
103.361 |
84.679 |
96.454 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
101.889 |
56.840 |
19.923 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.170 |
0.162 |
0.162 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
205.420 |
141.681 |
116.539 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
100.783 |
129.223 |
123.910 |
|
(c) Trade receivables |
76.463 |
93.685 |
86.765 |
|
(d) Cash and cash equivalents |
20.851 |
16.409 |
11.288 |
|
(e) Short-term loans and
advances |
95.317 |
89.847 |
42.684 |
|
(f) Other current assets |
0.950 |
1.361 |
0.360 |
|
Total
Current Assets |
294.364 |
330.525 |
265.007 |
|
|
|
|
|
|
TOTAL |
499.784 |
472.206 |
381.546 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income (Approximately) |
500.000 |
500.00 |
NA |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
16.641 |
23.400 |
19.472 |
|
|
|
|
|
|
|
Less |
TAX |
6.607 |
7.079 |
12.877 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
10.034 |
16.321 |
6.595 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
65.950 |
49.629 |
43.034 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
75.984 |
65.950 |
49.629 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Foreign Exchange Earning |
513.645 |
444.364 |
454.320 |
|
|
TOTAL
EARNINGS |
513.645 |
444.364 |
454.320 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
87.495 |
228.138 |
|
|
|
Components and Stores parts |
0.454 |
0.000 |
|
|
|
Capital Goods |
9.221 |
0.155 |
|
|
|
TOTAL
IMPORTS |
97.170 |
228.293 |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
3.63 |
6.37 |
2.57 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
9.903 |
2.087 |
0.000 |
|
Cash generated from operations |
67.909 |
44.062 |
46.200 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.18 |
5.63 |
5.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.19 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.25 |
2.43 |
1.93 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25 |
1.24 |
1.19 |
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 |
25.627 |
25.627 |
27.627 |
|
Reserves & Surplus |
80.026 |
95.203 |
113.041 |
|
Net
worth |
105.653 |
120.830 |
140.668 |
|
long-term borrowings |
45.143 |
79.473 |
121.031 |
|
Short term borrowings |
158.937 |
212.106 |
185.386 |
|
Current Maturities of
Long-Term Debts |
0.000 |
2.087 |
9.903 |
|
Total
borrowings |
204.080 |
293.666 |
316.320 |
|
Debt/Equity
ratio |
1.932 |
2.430 |
2.249 |
YEAR
ON YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
500.000 |
500.000 |
|
|
|
|
NET
PROFIT MARGINE
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
500.000 |
500.000 |
|
Profit |
16.321 |
10.034 |
|
|
3.26% |
2.01% |
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 |
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Other Loans and Advances |
43.637 |
26.196 |
|
|
|
|
|
Total |
43.637 |
26.196 |
Note:
Working Capital
Borrowings
Hypothecated against all fixed assets both present and future, Stock and Debtors not exceeding 3 months of the Company and Equitable Mortgage of Factory Land Approx 137.398 Kottah in the name of Company at Domjur, Equitable Mortgage of Land Approx 319 Decimals in the name of one of Director- Mr Manoj Kumar Agarwal at Dhanbad.Working Capital Borrowings include buyer's credit of Rs. 28.027 Million, P.Y Rs 70.821 Million.
CONTINGENT
LIABILITIES:
A) Outstanding Bank Guarantee to WBSEDCL and Mersk Line india Private Limited as on Balance sheet date amounting to Rs.17.795 Million (Previous year Rs.15.833 Million)
B) Corporate Guarantee Given to State Bank of India, SME Branch, Dhanbad amounting to Rs.192.400 Million (Previous year Rs.184.949 Million) on behalf of Mittal Polypack Private Limited.
C) Bill discounted from Banks drawn on Foreign Buyers against Letter of Credit and Inland/ Import LC issued in the name of suppliers amounting to Rs.49.657 Million ( Previous Year Rs.35.792 Million)
E) Disputed Liablity on account of Excise Duty amounting to Rs.0.451 Million (Previous year- 45.100 Million) against which Appeal is Pending and Penalty of Rs.0.050 Million (Previous year- Rs.0.050 Million) against which apppeal is pending.
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10544661 |
09-01-15 |
18,100,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
One Forbes,, Dr. V. B. Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, INDIA |
C41257247 |
|
2 |
10538250 |
26-11-14 |
199,500,000.00 |
State Bank of India |
SME Branch, Bank more, Dhanbad, Jharkhand - 826001, INDIA |
C37829785 |
|
3 |
10413109 |
20-03-13 |
23,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B71226013 |
|
4 |
10416039 |
20-03-13 |
37,500,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B71898621 |
|
5 |
10310897 |
29-09-11 |
32,500,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B22826499 |
|
6 |
10273386 |
15/04/2014 * |
341,800,000.00 |
STATE BANK OF INDIA SME BRANCH |
STATE BANK OF INDIA SME BRANCH, KATRAS ROAD, BANKMORE, DHANBAD, Jharkhand - 826001, INDIA |
C02841229 |
FIXED ASSETS
Tangible Assets
· Land and Boundrywall
· Factory Building
· Plant and Machinery
· Electrical Installation
· Motor Car
· Motor Cycle
· Cycle
· Furniture and Fixture
· D.G. Set
· Computer and Peripherals
· Office Equipments
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.63.89 |
|
|
1 |
Rs.97.97 |
|
Euro |
1 |
Rs.71.81 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
SUD |
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 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
49 |
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.