MIRA INFORM REPORT
|
Report No. : |
310135 |
|
Report Date : |
02.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
CLIMAX OVERSEAS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
8606, 1st Floor, Guashala Marg, Karol Bagh, New Delhi –
110005 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
13.03.2001 |
|
|
|
|
Com. Reg. No.: |
55-110250 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.12.500
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999DL2001PTC110250 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELC05224C |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Supplier of all types of Automotive
Components. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 360000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be sound.
Profitability of the company is fair. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
Inadequate credit quality and high credit risk. |
|
Date |
04.06.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
04.06.2014 |
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
31-03-2014.
LOCATIONS
|
Registered Office : |
8606, 1st Floor, Guashala Marg, Karol Bagh, New Delhi –
110005, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
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|
|
|
Head
Quarters & Factory 1 : |
152, Sector - 3, IMT Manesar,
Gurgaon - 122050,
Haryana, India |
|
Tel. No.: |
91-124-4557700
(100 lines) |
|
Fax No.: |
91-124-4557755 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
896, Phase-1, Udyog Vihar,
Gurgaon - 122016, Haryana, India |
|
Tel. No.: |
91-124-4004445 |
|
Fax No.: |
91-124-4004450 |
|
E-Mail : |
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Overseas Office : |
Located at: ·
Canada ·
USA ·
Germany ·
France ·
Iran ·
UK |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Daljit Sood Singh |
|
Designation : |
Director |
|
Address : |
A-48/39A, DLF Phase I, Gurgaon – 122002, Haryana, India |
|
Date of Birth/Age : |
23.12.1946 |
|
Date of Appointment : |
13.03.2001 |
|
DIN No.: |
00460157 |
Other
Directorship:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date
of appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting status |
|
1 |
U24139DL1994PTC058731 |
CLIMAX AUTOMOTIVE PRIVATE
LIMITED |
Director |
02/05/1994 |
02/05/1994 |
- |
Active |
NO |
|
2 |
U74999DL2001PTC110250 |
CLIMAX OVERSEAS PRIVATE
LIMITED |
Director |
13/03/2001 |
13/03/2001 |
- |
Active |
NO |
|
Name : |
Mr. Harjeet Kaur Sood |
|
Designation : |
Director |
|
Address : |
A-48/39A, DLF Phase I, Gurgaon – 122002, Haryana, India |
|
Date of Birth/Age : |
06.11.1955 |
|
Date of Appointment : |
13.03.1991 |
|
DIN No.: |
00322791 |
Other
Directorship:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date
of appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U24139DL1994PTC058731 |
CLIMAX AUTOMOTIVE PRIVATE
LIMITED |
Director |
02/05/1994 |
02/05/1994 |
- |
Active |
NO |
|
2 |
U74999DL2001PTC110250 |
CLIMAX OVERSEAS PRIVATE
LIMITED |
Director |
13/03/2001 |
13/03/2001 |
- |
Active |
NO |
|
Name : |
Mr. Parmeet Singh Sood |
|
Designation : |
Director |
|
Address : |
A-48/39A, DLF Phase I, Gurgaon – 122002, Haryana, India |
|
Date of Birth/Age : |
07.12.1977 |
|
Date of Appointment : |
13.03.2001 |
|
DIN No.: |
00322864 |
Other
Directorship:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date
of appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U24139DL1994PTC058731 |
CLIMAX AUTOMOTIVE PRIVATE
LIMITED |
Director |
23/01/2001 |
23/01/2001 |
- |
Active |
NO |
|
2 |
U74999DL2001PTC110250 |
CLIMAX OVERSEAS PRIVATE
LIMITED |
Director |
13/03/2001 |
13/03/2001 |
- |
Active |
NO |
|
Name : |
Mr. Aveen Kaur Sood |
|
Designation : |
Director |
|
Address : |
A-48/39A, DLF Phase – 1 Garden Estate and Silver Oaxs Sikenderpur
Ghoshi, Gurgaon – 122002, Haryana, India |
|
Date of Birth/Age : |
15.06.1981 |
|
Date of Appointment : |
14.05.2009 |
|
DIN No.: |
02638453 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Daljit Singh Sood |
550000 |
|
Harjeet Kaur Sood |
277500 |
|
Parmeet Singh Sood |
285000 |
|
Aveen Kaur Sood |
112500 |
|
Climax Automotive Private Limited, India |
25000 |
|
TOTAL
|
1250000 |
AS ON 30.09.2014
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
2.00 |
|
Directors or relatives of Directors |
98.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of all types of Automotive
Components. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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|
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Terms : |
Not Available |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
Not Available |
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Customers : |
Not Available |
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No. of Employees : |
Not Available |
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Bankers : |
Punjab National Bank, Udyog Vihar, Gurgaon - 122001, Haryana, India |
|||||||||||||||||||||||||||||||||
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Facilities : |
NOTE Long-term Borrowings Term Loans from Punjab National Banks are
secured against EM of Factory Land and Building, Plant and Machinery situated
at 152, Sector-3, IMT Manesar, Gurgaon and guaranteed by corporate guarantee
of Climax Automotive Private Limited, Plot No.896, 896 Udyog Vihar Phase 1,
Guragon, and personal guarantee of directors of the Company. Vehicle loans from Kotak Mahindra prime limited and ICICI Bank are
secured against respective vehicle exclusively. Machinery loans taken from Intech Capital Limited, are secured against respective machinery
exclusively financed by them security deposit of Rs. 2.524 Million and personal guarantee of directors. Short-term
borrowings Working capital loans facilities from Punjab National Bank are secured
by hypothecation of stocks and book debt with collateral security of plant
and machinery and land and building are secured by personal guarantee of directors. |
|
|
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Banking
Relations : |
-- |
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|
|
Financial Institution : |
Intec Capital Limited, 701,Manjusha, 57 Nehru Place, New Delhi - 110019, India |
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|
|
|
Auditors : |
|
|
Name : |
H K G and Associates Chartered Accountants |
|
Address : |
M1 Guru Ramdass Bhawan, Ranjit Nagar Commercial Complex, New Delhi –
110008, India |
|
PAN No.: |
AAGFH7240D |
|
|
|
|
Enterprises over which key managerial personnel have significant
influence : |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,250,000 |
Equity Shares |
Rs.10/- each |
Rs. 12.500
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 |
12.500 |
12.500 |
12.500 |
|
(b) Reserves &
Surplus |
113.210 |
91.569 |
79.980 |
|
(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) |
125.710 |
104.069 |
92.480 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
34.964 |
42.053 |
47.508 |
|
(b) Deferred tax liabilities
(Net) |
11.900 |
10.877 |
9.904 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
2.822 |
1.928 |
0.529 |
|
Total Non-current
Liabilities (3) |
49.686 |
54.858 |
57.941 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
130.065 |
74.314 |
61.925 |
|
(b) Trade payables |
69.414 |
54.242 |
31.641 |
|
(c) Other current
liabilities |
71.798 |
43.278 |
26.657 |
|
(d) Short-term provisions |
13.341 |
3.866 |
3.998 |
|
Total Current Liabilities
(4) |
284.618 |
175.700 |
124.221 |
|
|
|
|
|
|
TOTAL |
460.014 |
334.627 |
274.642 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
129.923 |
103.889 |
93.779 |
|
(ii) Intangible Assets |
0.690 |
0.019 |
0.025 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
5.115 |
8.427 |
5.204 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
135.728 |
112.335 |
99.008 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
54.877 |
53.626 |
28.489 |
|
(c) Trade receivables |
214.905 |
129.793 |
108.976 |
|
(d) Cash and cash
equivalents |
18.817 |
12.814 |
12.374 |
|
(e) Short-term loans and
advances |
20.575 |
23.902 |
24.532 |
|
(f) Other current assets |
15.112 |
2.157 |
1.263 |
|
Total Current Assets |
324.286 |
222.292 |
175.634 |
|
|
|
|
|
|
TOTAL |
460.014 |
334.627 |
274.642 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
493.227 |
302.807 |
252.215 |
|
|
Other Income |
3.816 |
2.416 |
7.970 |
|
|
TOTAL (A) |
497.043 |
305.223 |
260.185 |
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
TOTAL (B) |
434.734 |
265.954 |
225.040 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
62.309 |
39.269 |
35.145 |
|
|
|
|
|
|
|
|
FINANCIAL EXPENSES (D) |
20.586 |
17.242 |
16.837 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
41.723 |
22.027 |
18.308 |
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION (F) |
7.752 |
6.308 |
5.505 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
33.971 |
15.718 |
12.805 |
|
|
|
|
|
|
|
|
TAX (H) |
12.331 |
4.129 |
12.358 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
21.640 |
11.588 |
0.447 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
452.032 |
267.739 |
231.226 |
|
|
TOTAL EARNINGS |
452.032 |
267.739 |
231.226 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
59.326 |
20.135 |
13.137 |
|
|
Components and Stores
parts |
0.000 |
0.000 |
0.000 |
|
|
Capital Goods and Dies -
Moulds |
1.939 |
6.572 |
3.083 |
|
|
TOTAL IMPORTS |
61.265 |
26.707 |
16.220 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
17.00 |
9.00 |
0.36 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
4.39 |
3.83 |
0.18 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
12.63 |
12.97 |
13.93 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.38 |
4.70 |
4.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27 |
0.15 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.31 |
1.12 |
1.18 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.14 |
1.27 |
1.41 |
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 |
12.500 |
12.500 |
12.500 |
|
Reserves & Surplus |
79.980 |
91.569 |
113.210 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
92.480 |
104.069 |
125.710 |
|
|
|
|
|
|
long-term borrowings |
47.508 |
42.053 |
34.964 |
|
Short term borrowings |
61.925 |
74.314 |
130.065 |
|
Total borrowings |
109.433 |
116.367 |
165.029 |
|
Debt/Equity ratio |
1.183 |
1.118 |
1.313 |
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 |
252.215 |
302.807 |
493.227 |
|
|
|
20.059 |
62.885 |
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 |
252.215 |
302.807 |
493.227 |
|
Profit |
0.447 |
11.588 |
21.640 |
|
|
0.18% |
3.83% |
4.39% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
No |
|
22] |
Litigations that the firm / promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
|
Particulars |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
15.974 |
20.663 |
|
Inter corporate deposits |
0.000 |
1.000 |
|
Total |
15.974 |
21.663 |
NOTE
The Registered office of the company has been shifted from 761,
Faridpuri, West Patel Nagar, New Delhi, India, to the present address w.e.f.
15.07.2009.
OPERATIONS
Their company
completed yet another successful and eventful year of operations in 2013-2014.
The sales and operating income has increased from Rs. 302.807 Million to
Rs.493.227 Million in the previous year yielding growth of 62.88% approx.
The operating
profit for the year has Rs.33.971 Million as against Rs.15.718 Million in the
previous year registering an increase of 116% approx. The Net Profit increased
from Rs.11.588 Million to Rs.21.640 Million in the previous year yielding
growth of 87% approx.
The Directors of
the company are quite confident of the future growth of the company and putting
all their efforts in this regard.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10414587 |
23/03/2013 |
8,413,000.00 |
INTEC CAPITAL LIMITED |
701,MANJUSHA, 57 NEHRU PLACE, NEW DELHI, DELHI - |
B71740294 |
|
2 |
10321681 |
31/10/2011 |
105,320,000.00 |
PUNJAB NATIONAL BANK |
UDYOG VIHAR, GURGAON, HARYANA - 122001, INDIA |
B27157361 |
|
3 |
10302962 |
27/09/2014 * |
67,500,000.00 |
PUNJAB NATIONAL BANK |
UDYOG VIHAR, PHASE-1, GURGAON, HARYANA - 122016, |
C30494165 |
|
4 |
10302723 |
24/09/2014 * |
165,000,000.00 |
PUNJAB NATIONAL BANK |
UDYOG VIHAR, PHASE-1, GURGAON, HARYANA - 122016, |
C30491575 |
|
5 |
10302729 |
30/06/2011 |
2,696,000.00 |
PUNJAB NATIONAL BANK |
UDYOG VIHAR, GURGAON, HARYANA - 122001, INDIA |
B19004571 |
|
6 |
10302959 |
30/06/2011 |
16,800,000.00 |
PUNJAB NATIONAL BANK |
UDYOG VIHAR, GURGAON, HARYANA - 122001, INDIA |
B19092451 |
|
7 |
10302735 |
30/06/2011 |
17,824,000.00 |
PUNJAB NATIONAL BANK |
UDYOG VIHAR, GURGAON, HARYANA - 122001, INDIA |
B19008093 |
|
8 |
80006968 |
25/09/2006 * |
5,000,000.00 |
CENTRAL BANK OF INDIA |
70,, JANPATH,, NEW DELHI, DELHI - 110001, INDIA |
- |
|
9 |
80006978 |
30/07/2009 * |
10,000,000.00 |
CENTRAL BANK OF INDIA |
70,, JANPATH,, NEW DELHI, DELHI - 110001, INDIA |
A68174770 |
|
10 |
90049934 |
30/07/2009 * |
11,096,000.00 |
CENTRAL BANK OF INDIA |
70,, JANPATH,, NEW DELHI, DELHI - 110001, INDIA |
A68177195 |
* Date of charge modification
FIXED ASSETS
· Air Conditioner
· Car
· Computers
· Furniture
· Laboratory
· Machinery
· Office Equipments
· Mobile
· Scooter
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.61.29 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.69.29 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
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 |
|
43 |
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.