MIRA INFORM REPORT
|
Report No. : |
321065 |
|
Report Date : |
06.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
CMS COMPUTERS LIMITED |
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Registered
Office : |
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Tel. No.: |
91-22-67489000/ 28216511/ 67489071 / 41259000 |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
19.02.1980 |
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Com. Reg. No.: |
11-022235 |
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Capital
Investment / Paid-up Capital : |
Rs.74.297
Million |
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|
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CIN No.: [Company Identification
No.] |
U30007MH1980PLC022235 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMC01573F/ MUMC05245C |
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PAN No.: [Permanent Account No.] |
AAACC1758L |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The company is engaged in providing IT support for government utility services, maintenance and facility management services for biometric attendance systems, supply of Traffic Controllers, EMS, kiosk and technology support for broadcasting and media business and security surveillance. |
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No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having satisfactory track record. Overall financial position of the company is decent. The rating also takes into consideration established track record of
promoters in IT and IT enabled services (ITeS) industry. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered for business dealing 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities=BBB- |
|
Rating Explanation |
Have Moderate degree of safety and carry
moderate credit risk. |
|
Date |
05.03.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities=A3 |
|
Rating Explanation |
Have Moderate degree of safety and carry
higher credit risk. |
|
Date |
05.03.2015 |
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
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Not Divulged |
|
Designation : |
Finance Executive |
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Contact No.: |
91-22-67489000 |
|
Date : |
04.05.2015 |
LOCATIONS
|
Registered/ Corporate/ Administration Office : |
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Tel. No.: |
91-22-67489000/ 28216511/ 67489071 / 41259000 |
|
Mobile No.: |
91-9323833043 (Mr. C.P. Jain) |
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Fax No.: |
91-22-67489001/ 22042734/ 67489000 / 41259001 / 41259000 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Branch Office : |
Located at:
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DIRECTORS
AS ON 30.09.2014
|
Name : |
Ms. Aarti Rameshdutt Grover |
|
Designation : |
Managing Director |
|
Address : |
1, Revills, 45 Cuffe Parade, Mumbai – 400005, Maharashtra, India |
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Date of Birth/Age : |
06.08.1977 |
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Qualification : |
MBA |
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Date of Appointment : |
30.08.2010 |
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PAN No.: |
AADCR1519O |
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DIN No.: |
02625342 |
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Name : |
Mr. Raju Rameshdutt Grover |
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Designation : |
Whole-Time Director |
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Address : |
1, Revills, 45 Cuffe Parade, Mumbai – 400005, Maharashtra, India |
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Date of Birth/Age : |
08.09.1951 |
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Qualification : |
BA |
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Date of Appointment : |
01.08.2009 |
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DIN No.: |
01584366 |
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|
Name : |
Ms. Sona Purshottam Ramchandani |
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Designation : |
Director |
|
Address : |
A-3, Flat No.12, Plot No. 156, Ideal House, Main Road, Sion (East), Mumbai – 400022, Maharashtra, India |
|
Date of Birth/Age : |
17.11.1965 |
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Qualification : |
BA |
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Date of Appointment : |
06.03.2012 |
|
DIN No.: |
05229003 |
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|
Name : |
Ms. Ashwini Chopra |
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Designation : |
Nominee Director |
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Address : |
708, Dosti Aster, Dosti Acres, Near Antop Hill Bus Depot, Wadala (East) Mumbai – 400037, Maharashtra India |
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Date of Birth/Age : |
03.01.1971 |
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Date of Appointment : |
15.03.2013 |
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DIN No. : |
03264345 |
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|
Name : |
Pramila Prakash Merani |
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Designation : |
Director |
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Address : |
433, Shahani Colony, Navghar Road, Mulund (East), Mumbai - 400081, Maharashtra, India |
|
Date of Appointment : |
01.10.2014 |
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DIN No. : |
07002974 |
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Name : |
Savitri Lal Butani |
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Designation : |
Director |
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Address : |
504, Satguru Elegance, R.W. Sawant Road, Near Sheetal Dairy Majiwada, Thane (West), Thane - 400601, Maharashtra, India |
|
Date of Appointment : |
01.10.2014 |
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DIN No. : |
07003047 |
KEY EXECUTIVES
|
Name : |
Mr. Murugesh Rajan Iyer |
|
Designation : |
Secretary |
|
Address : |
901, Morning Glory, Everest World, Kolshet Road, Thane (West) –
400607, Maharashtra, India |
|
Date of Birth/Age : |
30.01.1963 |
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Date of Appointment : |
10.02.2012 |
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PAN No.: |
AADPI1487N |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Ramesh Dutt Grover* |
|
49464399 |
|
Ramesh Dutt Grover |
|
15993663 |
|
Ramesh Dutt Gover (HUF) |
|
4000000 |
|
Raju Rameshdutt Grover |
|
105240 |
|
Aarti Rameshdutt Grover |
|
4733530 |
|
CMS Traffic Systems Limited, India |
|
10 |
|
G G Constructions Private Limited, India |
|
10 |
|
CMS Engineering Services Private Limited, India |
|
10 |
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|
|
|
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Total |
|
74296862 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
95.13 |
|
Other top fifty shareholders |
4.87 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in providing IT support for government utility services, maintenance and facility management services for biometric attendance systems, supply of Traffic Controllers, EMS, kiosk and technology support for broadcasting and media business and security surveillance. |
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Products / Services : |
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Brand Names : |
“CMS”. |
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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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Terms : |
Not Available |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Basant Jain and Associates Chartered Accountants |
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Address : |
601, Dalamal Chambers, New Marine Lines, Mumbai – 400020, Maharashtra,
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PAN No. : |
ADOPJ8787C |
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Memberships : |
-- |
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Collaborators : |
-- |
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Subsidiary
Companies : |
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Enterprise over which Director and / or his
relatives has significant influence : |
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CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000000 |
Equity Shares |
Re.1/- each |
Rs.200.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
74296862 |
Equity Shares |
Re.1/- each |
Rs.74.297 Million |
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|
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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 |
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|
|
|
(a) Share Capital |
74.297 |
74.297 |
82.096 |
|
(b) Reserves & Surplus |
2091.529 |
1989.058 |
2051.087 |
|
(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) |
2165.826 |
2063.355 |
2133.183 |
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|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
5.338 |
0.506 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
14.346 |
16.445 |
17.070 |
|
Total Non-current
Liabilities (3) |
19.684 |
16.951 |
17.070 |
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
2.038 |
2.485 |
8.207 |
|
(b) Trade
payables |
104.255 |
96.291 |
123.305 |
|
(c) Other
current liabilities |
335.501 |
223.513 |
263.886 |
|
(d) Short-term
provisions |
29.998 |
45.730 |
28.035 |
|
Total Current
Liabilities (4) |
471.792 |
368.019 |
423.433 |
|
|
|
|
|
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TOTAL |
2657.302 |
2448.325 |
2573.686 |
|
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|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
459.857 |
465.388 |
541.966 |
|
(ii)
Intangible Assets |
4.448 |
2.880 |
3.093 |
|
(iii)
Capital work-in-progress |
97.587 |
54.884 |
51.534 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
638.481 |
580.348 |
570.973 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
27.089 |
23.539 |
32.892 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1227.462 |
1127.039 |
1200.458 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
54.630 |
51.549 |
47.952 |
|
(b)
Inventories |
21.099 |
34.886 |
25.438 |
|
(c) Trade
receivables |
571.937 |
678.662 |
654.065 |
|
(d) Cash
and cash equivalents |
179.552 |
135.406 |
194.797 |
|
(e)
Short-term loans and advances |
399.537 |
378.507 |
444.781 |
|
(f) Other
current assets |
203.085 |
42.276 |
6.195 |
|
Total
Current Assets |
1429.840 |
1321.286 |
1373.228 |
|
|
|
|
|
|
TOTAL |
2657.302 |
2448.325 |
2573.686 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1169.275 |
1011.214 |
793.322 |
|
|
|
Other Income |
84.078 |
148.710 |
147.597 |
|
|
|
TOTAL (A) |
1253.353 |
1159.924 |
940.919 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
215.460 |
228.511 |
271.095 |
|
|
|
Employee benefit expense |
330.269 |
297.239 |
259.959 |
|
|
|
Other expenses |
505.974 |
420.696 |
286.956 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
13.074 |
(10.305) |
4.982 |
|
|
|
Prior Period Items |
(0.012) |
(0.020) |
0.000 |
|
|
|
TOTAL (B) |
1064.765 |
936.121 |
822.992 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
188.588 |
223.803 |
117.927 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
18.197 |
17.843 |
11.275 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
170.391 |
205.960 |
106.652 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
20.549 |
30.457 |
68.837 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
149.842 |
175.503 |
37.815 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
47.347 |
36.360 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
102.495 |
138.143 |
37.815 |
|
|
|
|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
510.335 |
372.232 |
334.417 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
612.830 |
510.335 |
372.232 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Service charges/ ORC Commission |
2.243 |
6.138 |
1.885 |
|
|
|
Others |
0.000 |
0.145 |
1.088 |
|
|
TOTAL EARNINGS |
2.243 |
6.283 |
2.973 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Traded Goods |
57.591 |
44.465 |
45.344 |
|
|
|
Capital Goods |
0.000 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
57.591 |
44.465 |
45.344 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
|
|
|
|
|
Basic |
1.76 |
2.15 |
0.57 |
|
|
|
Diluted |
1.38 |
1.68 |
0.57 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
8.77 |
13.66 |
4.77 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
16.13 |
22.13 |
14.86 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.80 |
9.68 |
1.94 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
0.09 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.03 |
3.59 |
3.24 |
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 |
82.096 |
74.297 |
74.297 |
|
Reserves & Surplus |
2051.087 |
1989.058 |
2091.529 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
2133.183 |
2063.355 |
2165.826 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
8.207 |
2.485 |
2.038 |
|
Total borrowings |
8.207 |
2.485 |
2.038 |
|
Debt/Equity ratio |
0.004 |
0.001 |
0.001 |
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
|
793.322 |
1011.214 |
1169.275 |
|
|
|
27.466 |
15.631 |
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 |
793.322 |
1011.214 |
1169.275 |
|
Profit |
37.815 |
138.143 |
102.495 |
|
|
4.77% |
13.66% |
8.77% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT IS NOT AVAILABLE.
|
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 |
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 |
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 |
---------- |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
LITIGATION DETAILS
|
LITIGATION DETAILS |
||||||||||||
|
Bench:- Bombay |
||||||||||||
|
||||||||||||
|
Lodging No:- |
CPL/556/2014 |
Failing Date:- |
06/08/2014 |
Reg. No.:- |
CP/665/2014 |
Reg. Date:- |
22/09/2014 |
|||||
|
Petitioner:- |
M/S PENTAGON SYSTEM AND SERVICES PRIVATE LIMITED |
Respondent:- |
CMS COMPUTERS LIMITED |
|||||||||
|
Petn.Adv:- |
KAJAL M SHAH (I11061) |
Resp.Adv.: |
ROHAN RAJARAM SONAWANE (I3103) |
|||||||||
|
District:- |
MUMBAI |
|||||||||||
|
Bench:- |
SINGLE |
Category: |
COMPANY PETITION U/SEC 433,434,439 COMPANIES ACT |
|||||||||
|
Status:- |
Pre-Admission |
Stage:- |
-- |
|||||||||
|
Last Date:- |
30/04/2015 |
|||||||||||
|
Last Coram:- |
ACCORDING TO SITTING LIST |
|||||||||||
|
|
|
|||||||||||
|
Act:- |
Companies Act & Rules 1956 |
Under Section:- |
433 (E), 434, |
|||||||||
INDEX OF CHARGE:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10219265 |
21/01/2015 * |
545,000,000.00 |
IDBI BANK LIMITED |
47, OPUS CENTRE, OPPOSITE TUNGA PARADISE HOTEL,, |
C43568997 |
|
2 |
10127805 |
22/01/2009 * |
200,000,000.00 |
UNIT TRUST OF INDIA INVESTMENT ADVISORY SERVICES L |
UTI TOWER GN BLOCKBANDRA KURLA COMPLEX, BANDRA E |
A56391204 |
|
3 |
90241371 |
19/03/2005 |
375,100,000.00 |
STATE BANK OF INDORE |
COMMERCIAL BRANCH; MITTAL CORT; B WING; GROUND FLO |
- |
|
4 |
90241341 |
11/08/2008 * |
350,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH,, JUSTICE G.N. VAIDYA MARG,, MU |
A44879062 |
|
5 |
90242599 |
23/06/2006 * |
85,000,000.00 |
STATE BANK OF INDORE |
COMMERCIAL BRANCH, MITTAL COURT, 'B' WING,, GROUN |
- |
|
6 |
90229862 |
19/04/2003 |
1,303,146.00 |
THE SARASWAT CO-OPERATIVBE BANK LTD |
CENTRAL ADMIN. OFFICE; APSRA CINEMA BLDG, 2ND FLO |
- |
|
7 |
90229689 |
31/01/2003 * |
395,000,000.00 |
SYNDICATE B ANK |
ATLANTA BLDG; NARIMAN POINT, MUMBAI, MAHARASHTRA - |
- |
|
8 |
90232363 |
29/12/1999 |
24,925,945.00 |
SUNDARAM FINANCVE LTD |
21; PATULLOS RD, CHENNAI, TAMIL NADU - 600002, IND |
- |
* Date of charge modification
NOTE:
Registered Office of the company has been shifted from 203, Arcadia, Nariman Point, Mumbai – 400021, Maharashtra, India to the present address 24.01.2012.
ABOUT THE COMPANY
The Company organized its operations into two major businesses: Trading and IT Enabled Services. A description of the types of products and services provided by each reportable segment is as follows:
Trading segment provides trading in desktop, Biometric attendance system, Broadcasting and media Equipments, Security Surveillance System to corporate, banking and Government sector.
IT Enabled Services provides annual maintenance services, facility management services, e-Governance services.
The Company’s immaterial operating segments are included in others category.
FIXED ASSETS:
· Land - Leasehold
· Land - Freehold
· Building - Leasehold
· Building - Freehold
· Plant and Machinery
· Electrical Installation
· Furniture, fixtures and Fittings
· Vehicles
· Office Equipments
· Computer
· Computer Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No 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.63.52 |
|
|
1 |
Rs.95.96 |
|
Euro |
1 |
Rs.70.54 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
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 |
|
48 |
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.