MIRA INFORM REPORT
|
Report No. : |
313972 |
|
Report Date : |
26.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
DBM GEOTECHNICS AND CONSTRUCTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
401, Grande Palladium, 175 CST Road, Kalina, Santacruz (East), Mumbai
- 400098, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
22.10.1993 |
|
|
|
|
Com. Reg. No.: |
11-074683 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 327.754 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH1993PTC074683 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD2593G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company engaged in providing its services for foundation engineering, geotechnical services, marine construction, mineral exploration, topographical survey and hydrographic survey arena of construction. |
|
|
|
|
No. of Employees
: |
55 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. The company has shown a significant growth in its profit of the
company during FY 2014. Trade relations are reported as fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered normal 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.
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 |
Moderate risk of default. |
|
Date |
04.04.2014 |
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.
Subject’s name has been found enlisted as a
defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’
list as of 31-03-2014.
INFORMATION PARTED BY
|
Name : |
Ms. Pradnaya |
|
Designation : |
Chief Executive |
|
Contact No.: |
91-22-33863500 |
|
Date : |
24.03.2015 |
LOCATIONS
|
Registered Office : |
401, Grande Palladium, 175 CST Road, Kalina, Santacruz (East), Mumbai - 400098, Maharashtra, India |
|
Tel. No.: |
91-22-33863500 |
|
Fax No.: |
91-22-33863605 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned [Industrial] |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Dnyaneshwar Bhagwan Mahajan |
|
Designation : |
Managing director |
|
Address : |
B/201, Vasant Vihar, 10th Road, Santacruz (East),
Mumbai - 400055, Maharashtra, India |
|
Date of Appointment : |
01.04.2011 |
|
DIN No.: |
00810014 |
|
|
|
|
Name : |
Ashish Dnyaneshwar Mahajan |
|
Designation : |
Director |
|
Address : |
B/201, Vasant Vihar, 10th Road, Santacruz (East),
Mumbai - 400055, Maharashtra, India |
|
Date of Appointment : |
01.04.2011 |
|
DIN No.: |
00809995 |
|
|
|
|
Name : |
Sachin Dnyaneshwar Mahajan |
|
Designation : |
Director |
|
Address : |
B/201, Vasant Vihar, 10th Road, Santacruz (East),
Mumbai - 400055, Maharashtra, India |
|
Date of Appointment : |
22.10.1993 |
|
DIN No.: |
00810082 |
KEY EXECUTIVES
|
Name : |
Ms. Pradnaya |
|
Designation : |
Chief Executive |
|
Name : |
Manoj Anant Mainkar |
|
Designation : |
Chief Financial Officer |
|
Address : |
B-203, Durvankar CHS Sant Janabai Road, Near Greater Mumbai Bank, Vile Parel (East), Mumbai - 400057, Maharashtra, India |
|
Date of Appointment : |
13.05.2014 |
|
PAN No.: |
ACOPM0066G |
|
Name : |
Swati Vijay Gawde |
|
Designation : |
Secretary |
|
Address : |
B-105, Rajnigandha, Vidyamandir Road,, Dahisar (East), Mumbai - 400068, Maharashtra, India |
|
Date of Appointment : |
04.12.2014 |
|
PAN No.: |
AQZPG2037N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Dnyaneshwar Bhagwan Mahajan |
|
7841045 |
|
Ashish Dnyaneshwar Mahajan |
|
3693000 |
|
Sachin Dnyaneshwar Mahajan |
|
3698000 |
|
Hansa Mahajan |
|
5514342 |
|
D.B. Mahajan HUF |
|
233000 |
|
NYLIM Jacob Ballas India Fund III LLC, Mauritius |
|
11796003 |
|
|
|
|
|
Total |
|
32775390 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
35.99 |
|
Directors or relatives of Directors |
63.3 |
|
Other top fifty shareholders |
0.71 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company engaged in providing its services for foundation engineering, geotechnical services, marine construction, mineral exploration, topographical survey and hydrographic survey arena of construction. |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Cheque |
|
|
|
|
Purchasing : |
Cash and Cheque |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers and End Users
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
55 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
State Bank of India, Commercial Branch, Shyamkamal Trade Centre, Vile Parle (East), Mumbai - 400057, Maharashtra, India HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India Axis Bank Limited, Trishul 3rd Floor, Opp Samartheshwar Temple, Law Garden Ellisbridge, Ahmedabad - 380006, Gujarat, India Abn Amro Bank NV, 11th Floor, Tower C, Cyber Greens, DLF Cyber City , Sector 25A, Gurgaon - 122002, Haryana, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
|
|
|
|
|
Financial Institution : |
L & T Finance Limited, L&T House, Ballard Estate, Mumbai - 400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Shah and Kathariya Chartered Accountants |
|
Address : |
Room No. 6 / 4th Floor Kermani Building, 27 Sir P M Road, Opp Citi Bank, Fort, Mumbai – 400001, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADFS7033G |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Relatives of key
management personnel: |
D. B. Mahajan (HUF) |
|
|
|
|
Entities controlled
by key management personnel (Other related parties): |
DBM Finvest Private Limited DBM Projects Private Limited Quality Soil Investigation Private Limited. |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000,000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
32,775,390 |
Equity Shares |
Rs.10/- each |
Rs.327.754
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 |
327.754 |
285.699 |
464.218 |
|
(b) Reserves & Surplus |
1417.316 |
1363.477 |
1175.234 |
|
(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) |
1745.070 |
1649.176 |
1639.452 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
222.319 |
220.650 |
246.916 |
|
(b) Deferred tax liabilities
(Net) |
96.209 |
67.488 |
55.189 |
|
(c) Other long term
liabilities |
91.580 |
83.150 |
48.938 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
410.108 |
371.288 |
351.043 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1150.634 |
1018.258 |
859.666 |
|
(b) Trade payables |
788.371 |
552.084 |
697.853 |
|
(c) Other current liabilities |
442.904 |
358.056 |
211.333 |
|
(d) Short-term provisions |
7.708 |
4.621 |
0.612 |
|
Total
Current Liabilities (4) |
2389.617 |
1933.019 |
1769.464 |
|
|
|
|
|
|
TOTAL |
4544.795 |
3953.483 |
3759.959 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1053.973 |
998.707 |
926.693 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
30.664 |
|
(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 |
407.894 |
371.125 |
230.271 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
27.505 |
|
Total
Non-Current Assets |
1461.867 |
1369.832 |
1215.133 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
831.164 |
748.886 |
724.324 |
|
(c) Trade receivables |
1102.461 |
866.175 |
964.519 |
|
(d) Cash and cash equivalents |
233.764 |
254.578 |
603.575 |
|
(e) Short-term loans and
advances |
288.141 |
179.585 |
252.408 |
|
(f) Other current assets |
627.398 |
534.427 |
0.000 |
|
Total
Current Assets |
3082.928 |
2583.651 |
2544.826 |
|
|
|
|
|
|
TOTAL |
4544.795 |
3953.483 |
3759.959 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL |
3099.080 |
2967.561 |
2951.289 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL |
3020.136 |
2940.003 |
2647.815 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
78.944 |
27.558 |
303.474 |
|
|
|
|
|
|
|
Less |
TAX |
44.438 |
17.834 |
85.168 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
34.506 |
9.724 |
218.306 |
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE
B/S |
34.506 |
9.724 |
218.306 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
1.05 |
0.34 |
-- |
Expected Sales ( 2014-2015 ) : Rs.3500.000 Million
The above information has been parted by Mr. Pradnaya.
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.11 |
0.33 |
7.40 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.74 |
0.70 |
8.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.02 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.79 |
0.75 |
0.67 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.29 |
1.34 |
1.44 |
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 |
464.218 |
285.699 |
327.754 |
|
Reserves & Surplus |
1175.234 |
1363.477 |
1417.316 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
1639.452 |
1649.176 |
1745.070 |
|
|
|
|
|
|
long-term borrowings |
246.916 |
220.650 |
222.319 |
|
Short term borrowings |
859.666 |
1018.258 |
1150.634 |
|
Total borrowings |
1106.582 |
1238.908 |
1372.953 |
|
Debt/Equity ratio |
0.675 |
0.751 |
0.787 |
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 |
2951.289 |
2967.561 |
3099.080 |
|
|
|
0.551 |
4.432 |
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 |
2951.289 |
2967.561 |
3099.080 |
|
Profit |
218.306 |
9.724 |
34.506 |
|
|
7.40% |
0.33% |
1.11% |
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 |
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) |
No |
|
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 |
Yes |
OPERATIONS AND
OUTLOOK
DBM is a market leader in the field of Geotechnical Investigations. The Company has also established itself in other fields, viz. Piling, Grouting, Rock Anchoring and Survey. DBM has diversified into activities like Marine Infrastructure, Port Development, Drilling for mineral exploration and Soil improvement. The Company pursues the activities related to Marine/ port infrastructure development, Soil Investigation and Foundation Engineering and the Company has its position to be at par with a select few companies in the country. Many prestigious projects were won by the Company including New Mangalore Port Trust, Vishakhapatnam Port Trust, BPCL, Kochi, Surat Municipal Corporation etc. have recently been awarded to DBM, including some on full EPC basis. Despite overall slowdown in global and domestic market, especially in the real estate and infrastructure sector, the Company has posted better profitability in the Financial Year 2013-14 as compared to the last year. Going forward the Company endeavors to achieve double digit profitability. The Company has a robust Order book spread into Marine, Foundation Engineering and Geotechnical Investigation segments. As on date, the Order Book stands at Rs. 6460.000 Million.
ABOUT THE COMPANY
The Company operates in a single business and geographical segment i.e. “Geo Technical Construction and Allied Activities” within India. Accordingly, no separate disclosures for primary business and secondary geographical segment are required as per AS 17 issued by ICAI.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from banks |
0.000 |
2.020 |
|
Short-term
borrowings |
|
|
|
Loans and advances from others |
62.955 |
61.234 |
|
Total |
62.955 |
63.254 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10552862 |
27/02/2015 |
3,400,000.00 |
ING VYSYA BANK LIMITED |
103/104,'A' WING,I FLOOR,FLORAL DECK PLAZA,, MIDC |
C45492469 |
|
2 |
10477523 |
01/02/2014 |
250,000,000.00 |
THE RATNAKAR BANK LIMITED |
SHAHUPURI,KOLHAPUR,, KOLHAPUR, MAHARASHTRA - 41600 |
B96337001 |
|
3 |
10484846 |
31/01/2014 |
3,558,500.00 |
HDB FINANCIAL SERVICES LIMITED |
RADHIKA, 2ND FLOOR, LAW GARDEN ROAD,, NAVRANGPURA |
C00495382 |
|
4 |
10449833 |
10/09/2013 |
1,933,990.00 |
AXIS BANK LIMITED |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW G |
B85306256 |
|
5 |
10450019 |
18/10/2013 * |
2,130,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, SHYAMKAMAL TRADE CENTRE,, VILE |
B87515466 |
|
6 |
10443647 |
02/08/2013 |
24,000,000.00 |
L & T FINANCE LIMITED |
L&T HOUSE,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA |
B82403254 |
|
7 |
10442796 |
01/08/2013 |
15,904,000.00 |
L & T FINANCE LIMITED |
L&T HOUSE,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA |
B81980096 |
|
8 |
10441475 |
24/07/2013 |
607,500.00 |
AXIS BANK LIMITED |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW G |
B81433914 |
|
9 |
10441476 |
19/07/2013 |
6,188,000.00 |
AXIS BANK LIMITED |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW G |
B81435372 |
|
10 |
10436555 |
11/07/2013 |
1,886,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B79472908 |
* Date of charge modification
LITIGATION DETAILS
|
LITIGATION DETAILS |
||||||||
|
Bench:- Bombay |
||||||||
|
Presentation date : 18.03.2015 |
||||||||
|
Lodging No:- |
LPETNL/60/2015 |
Failing Date:- |
18.03.2015 |
Reg. No.:- |
LPETN/60/2015 |
Reg. Date:- |
18.03.2015 |
|
|
MAIN MATTER |
||||||||
|
Lodging No:- |
SL/264/2015 |
|
|
|
|
|
|
|
|
Petitioner:- |
M/S JINDAL STEEL AND POWER LIMITED |
Respondent:- |
DBM GEOTECHNICS AND CONSTRUCTIONS PRIVATE LIMITED |
|||||
|
Petn.Adv:- |
KHAITAN AND COMPANY (I955) |
Resp.Adv.: |
--- |
|||||
|
District:- |
MUMBAI |
|||||||
|
Bench:- |
SINGLE |
Category: |
LEAVE PETITION UNDER CLAUSE |
|||||
|
Status:- |
Pre-Admission |
Stage:- |
-- |
|||||
|
|
|
|||||||
|
Act:- |
Code of Civil Procedure 1908 |
|||||||
NOTE :
The registered office of the compny has been
shifted from Centaur House, B/301, 3rd Floor, Shantinagar Industrial
Estate, Near Grand Hyatt Hotel, Vakola, Santacruz (East), Mumbai - 400055, Maharashtra,
India to the present address w.e.f. 31.08.2012.
FIXED ASSETS
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipment
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.62.34 |
|
|
1 |
Rs.92.65 |
|
Euro |
1 |
Rs.68.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
SNJ |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
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 |
|
44 |
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.