MIRA INFORM REPORT
|
Report No. : |
313573 |
|
Report Date : |
20.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
TUDOR INDIA LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 10-1, Kamalpur Naationl Highway No. 8, Prantij – 383205,
Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
09.11.2000 |
|
|
|
|
Com. Reg. No.: |
04-038908 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 239.721 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31109GJ2000PTC038908 |
|
|
|
|
IEC No.: |
0388021489 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT1681R |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of manufacturing and marketing lead acid storage batteries for various applications cars, Light Commercial Vehicles, Heavy Commercial Vehicle, tractors, earth moving equipments, inverters, gensets etc. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The rating is constrained on account of some accumulated losses
incurred by the company. However, trade relations are reported as fair. Business is active.
Payments terms are reported to be slow but correct. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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.
INFORMATION PARTED BY
|
Name : |
Mr. Darshin Dani |
|
Designation : |
Account Manager |
|
Contact No.: |
91-2770-233662 |
|
Date : |
19.03.2015 |
LOCATIONS
|
Registered Office / Factory/ |
Plot No. 10-1, Kamalpur Naationl Highway No. 8, Prantij – 383205,
Gujarat, India |
|
Tel. No.: |
91-79 - 23221683 |
|
Fax No.: |
91-79 - 23232729 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
10000 sq.ft |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
Located at
|
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Nicholas James Iuanow |
|
Designation : |
Director |
|
Address : |
4005 Schooner Ridge, Alpharetta, Georgia USA 30005 |
|
Date of Birth/Age : |
01.03.1959 |
|
Date of Appointment : |
18.01.2005 |
|
DIN No.: |
00725440 |
|
|
|
|
Name : |
Mr. Brad Stewart Kalter |
|
Designation : |
Director |
|
Address : |
100 Club Falls Drive, Alpharetta, Georgia USA 30022 |
|
Date of Birth/Age : |
01.10.1967 |
|
Date of Appointment : |
18.01.2005 |
|
DIN No.: |
00725372 |
|
|
|
|
Name : |
Mr. Gunjan Johri |
|
Designation : |
Additional director |
|
Address : |
D-401, Divya Sree Elan Apts.,
Opposite Total Mall, Sarjapur Road, Bangalore Rural, Bangalore, 560035,
Karnataka, India |
|
Date of Birth/Age : |
02.04.1971 |
|
Date of Appointment : |
06.06.2014 |
|
DIN No.: |
06887819 |
|
|
|
|
Name : |
Jyotikumar Kantilal Satta |
|
Designation : |
Director |
|
Address : |
B/301 Retreat, Near Shymal Row House, Satellite
Ahmedabad-380 015, Gujarat, India |
|
Date of Birth/Age : |
16.11.1938 |
|
Date of Appointment : |
13.04.2006 |
|
DIN No.: |
00247886 |
KEY EXECUTIVES
|
Name : |
Mr. Rajnikant |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
CMP Batteries Limited |
|
20619137 |
|
Ashok Jani |
|
1 |
|
Gautam Prajapati |
|
1 |
|
Jaydeep Vaghela |
|
1 |
|
Rajesh Shah |
|
1 |
|
Rajni Thakker |
|
1 |
|
Koladiya Mahesh Gordhanbhai |
|
1 |
|
GNB Industrial Power (UK) Limited |
|
3352977 |
|
Total |
|
23972120 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
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 |
99.99 |
|
Other top fifty shareholders |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturing and marketing lead acid storage batteries for various applications cars, Light Commercial Vehicles, Heavy Commercial Vehicle, tractors, earth moving equipments, inverters, gensets etc. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Exports : |
Not Available |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Material |
||||
|
Countries : |
China |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash / L/C / Credit (30/60/90 Days) |
||||
|
|
|
||||
|
Purchasing : |
Cash / L/C / Credit (30/60/90 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||
|
Customers : |
End Users and OEM’s
|
||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||
|
No. of Employees : |
100 (Approximately) |
||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
B S R and Company Chartered Accountants |
|
Address : |
Lodha Excelus, 1st Floor, Apollo Mills
Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 4000011, Maharashtra, India |
|
PAN No.: |
AAAFB9852F |
|
|
|
|
Holding Company : |
GNB Industrial Power (UK) Limited, U.K. (Formerly known as CMP Batteries Limited, U. K.) |
|
|
|
|
Ultimate Holding
Company |
Exide Technologies, U. S. A. |
|
|
|
|
Fellow subsidiary /
associate company |
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
38,500,000 |
Equity Shares |
Rs.10/- each |
Rs.385.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
23,972,120 |
Equity Shares |
Rs.10/- each |
Rs.239.721 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 |
239.721 |
239.721 |
239.721 |
|
(b) Reserves & Surplus |
(176.602) |
(136.179) |
(91.038) |
|
(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) |
63.119 |
103.542 |
148.683 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
78.829 |
97.468 |
146.709 |
|
Total
Non-current Liabilities (3) |
78.829 |
97.468 |
146.709 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
63.837 |
49.939 |
0.000 |
|
(b) Trade payables |
154.707 |
239.341 |
190.341 |
|
(c) Other current liabilities |
370.109 |
339.092 |
298.962 |
|
(d) Short-term provisions |
2.397 |
1.758 |
3.610 |
|
Total
Current Liabilities (4) |
591.050 |
630.130 |
492.913 |
|
|
|
|
|
|
TOTAL |
732.998 |
831.140 |
788.305 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
247.629 |
173.068 |
209.528 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
8.733 |
0.626 |
16.373 |
|
(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) |
42.697 |
29.429 |
30.249 |
|
(d) Long-term Loan and Advances |
3.599 |
3.910 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
302.658 |
207.033 |
256.150 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
182.642 |
236.738 |
184.179 |
|
(c) Trade receivables |
62.569 |
131.495 |
84.886 |
|
(d) Cash and cash equivalents |
23.064 |
185.122 |
249.131 |
|
(e) Short-term loans and
advances |
161.470 |
68.539 |
12.099 |
|
(f) Other current assets |
0.595 |
2.213 |
1.860 |
|
Total
Current Assets |
430.340 |
624.107 |
532.155 |
|
|
|
|
|
|
TOTAL |
732.998 |
831.140 |
788.305 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1187.936 |
1519.188 |
1296.270 |
|
|
Other Income |
176.995 |
38.219 |
25.854 |
|
|
TOTAL
(A) |
1364.931 |
1557.407 |
1322.124 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
978.765 |
1134.132 |
873.787 |
|
|
Extraordinary Items |
0.000 |
4.314 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
42.860 |
(48.198) |
28.513 |
|
|
Employees benefits expense |
88.773 |
104.059 |
103.585 |
|
|
Other expenses |
238.882 |
362.608 |
343.310 |
|
|
TOTAL
(B) |
1349.280 |
1556.915 |
1349.195 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
15.651 |
0.492 |
-27.071 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
23.337 |
7.862 |
21.198 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(7.686) |
(7.370) |
(48.269) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
32.737 |
37.770 |
33.420 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
(40.423) |
(45.140) |
(81.689) |
|
|
|
|
|
|
|
Less |
TAX
(I) |
0.000 |
0.000 |
46.854 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
(40.423) |
(45.140) |
(128.543) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(1.69) |
(1.88) |
(5.29) |
Expected Sales (2014-15) : Rs.1400.000 Million
The above information has been parted by Mr. Darshin Dani (Accounts
Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(3.40) |
(2.97) |
(9.92) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
1.32 |
0.03 |
(2.09) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(5.93) |
(5.63) |
(11.01) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.64) |
(0.44) |
(0.55) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.01 |
0.48 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.73 |
0.99 |
1.08 |
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 |
239.721 |
239.721 |
239.721 |
|
Reserves & Surplus |
(91.038) |
(136.179) |
(176.602) |
|
Net
worth |
148.683 |
103.542 |
63.119 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
49.939 |
63.837 |
|
Total
borrowings |
0.000 |
49.939 |
63.837 |
|
Debt/Equity
ratio |
0.000 |
0.482 |
1.011 |
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 |
1296.270 |
1519.188 |
1187.936 |
|
|
|
17.197 |
(21.805) |
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 |
1296.270 |
1519.188 |
1187.936 |
|
Profit |
(128.543) |
(45.140) |
(40.423) |
|
|
(9.92%) |
(2.97%) |
(3.40%) |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
|
Particular |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current
maturities of long-term debt |
201.522 |
190.072 |
183.661 |
|
Total |
201.522 |
190.072 |
183.661 |
|
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
Yes |
|
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 |
No |
LITIGATIONS DETAILS
HIGH COURT OF GUJARAT
STAMP NUMBER No. 891 of 2013
|
Status : PENDING |
CCIN No : 001087201300891 |
|
Last Listing Date: |
18/04/2013 |
|
Coram |
HONOURABLE MR.JUSTICE AKIL KURESHI HONOURABLE MS JUSTICE SONIA GOKANI |
|
S.NO. |
Name of the
Petitioner |
Advocate On Record |
|
1 |
STATE OF GUJARAT |
GOVERNMENT PLEADER for: null |
|
Presented On |
: 02/04/2013 |
Registered On |
: 02/04/2013 |
|
Bench Category |
: DIVISION BENCH |
District |
: SABARKANTHA |
|
Case Originated From |
: THROUGH ADVOCATE |
Listed |
: 1 times |
|
StageName |
: FOR OFFICE OBJECTION |
||
OFFICE OBJECTION
|
Filing Stage |
WHETHER PROPER & FULL COURT FEE IS PAID ? WHETHER CERTIFIED COPIES FILED ? APPELLATE JUDGEMENT |
|
Classification |
DB - TAX MATTERS - GUJARAT VALUE ADDED TAX ACT, 2006 - OTHER MATTERS |
|
Act |
SALES TAX ACT, 1969 |
OTHER FORUMS
|
S.No. |
CASEDETAILS |
TRIBUNAL REFERRENCE |
ORDER PASSED BY |
JUDGEMENT DATE |
PLACE |
|
1 |
SA/498/2008 |
GUJARAT VALUE ADDED TAX TRIBUNAL AHMEDABAD |
PRESIDENT |
13/03/2009 |
SABARKANTHA |
OFFICE DETAILS
|
S. No. |
Filing Date |
Document Name |
Advocate Name |
Court Fee on
Document |
Document Details |
|
1 |
02/04/2013 |
MEMO OF APPEAL/PETITION/SUIT |
GOVERNMENT PLEADER |
50 |
GOVERNMENT PLEADER:1 |
APPLICATIONS
|
S. No. |
CaseDetail |
Status Name |
Disposal Date |
Action/Coram |
|
1 |
CIVIL APPLICATION/259/2013 |
DISPOSED |
03/05/2013 |
CA DISPOSED OF HONOURABLE MR.JUSTICE AKIL KURESHI HONOURABLE MS JUSTICE SONIA GOKANI |
COURT PROCEEDINGS
|
S. No. |
Notified Date |
CourtCode |
Board Sr. No. |
Stage |
Action |
Coram |
|
1 |
17/04/2013 |
7 |
- |
OFFICE OBJECTION (FILING STAGE) |
NEXT DATE |
ADDITIONAL REGISTRAR ( JUDICIAL) |
|
2 |
18/04/2013 |
7 |
67 |
OFFICE OBJECTION (FILING STAGE) |
NEXT DATE |
HONOURABLE MR.JUSTICE AKIL KURESHI HONOURABLE MS JUSTICE SONIA GOKANI |
BACKGROUND OF THE
COMPANY
Subject is a subsidiary of GNB Industrial Power (UK) Limited, U.K. (formerly known as CMP Batteries Limited, U.K.), which in turn is the British Arm of the world’s largest battery manufacturing group based in Pennsylvania, U.S.A, viz Exide Technologies, U.S.A. The Company is engaged in the business of manufacturing and marketing lead acid storage batteries for various applications cars, Light Commercial Vehicles, Heavy Commercial Vehicle, tractors, earth moving equipments, inverters, gensets etc. The four major areas where the Company's products are used are Automotive, Standby / Inverter, Industrial and Electric Vehicles.
OPERATIONS, FINANCE
AND WORKING CAPITAL
The company consolidated its position during the
year. Sales volume decreased by 24 % to Rs.1143 Million and the PBDIT
registered Rs. 15.650 Million as against Rs. 4.810 Million the year before. The
drive for Cash and Carry sales in the aftermarket segment continued
relentlessly leading to leaner balance sheet.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10509510 |
16/06/2014 |
2,000,000.00 |
VOLKSWAGEN FINANCE PRIVATE LIMITED |
3RD FLOOR, WING - A, SILVER UTOPIA, CARDINAL GRACIOUS
ROAD, CHAKALA, ANDHERI, MUMBAI, MAHARASHTRA - |
C11346228 |
|
2 |
10085989 |
11/03/2008 * |
170,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A38999272 |
|
3 |
10085155 |
11/03/2008 * |
170,000,000.00 |
CORPORATION BANK |
SECTOR - 28, GANDHINAGAR, GUJARAT - 382028, INDIA |
A39265103 |
|
4 |
90101010 |
10/06/2004 |
500,000.00 |
HDFC BANK LIMITED |
NEAR NIRMA HOUSE, INCOME TAX; ASHRAM ROAD, AHMEDABAD, GUJARAT, INDIA |
- |
|
5 |
90102358 |
21/04/2004 |
20,000,000.00 |
CANARA BANK |
INDUSTRIAL FINANCE BRANCH, MUMBAI, MAHARASHTRA - 400038, INDIA |
- |
|
6 |
90100917 |
30/06/2003 |
600,000.00 |
HDFC BANK LIMITED |
NEAR NIRMA HOUSE, INCOME TAX; ASHRAM ROAD, AHMEDABAD, GUJARAT, INDIA |
- |
|
7 |
90100395 |
24/03/2001 * |
2,500,000.00 |
CANARA BANK |
INDUSTRIAL FINANCE BRANCH, RAHEJA CENTRE; NARIMAN |
- |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- 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,
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.61.40 |
|
|
1 |
Rs.92.99 |
|
Euro |
1 |
Rs.67.28 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.