MIRA INFORM REPORT
|
Report No. : |
321313 |
|
Report Date : |
09.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
TRIUNE ENERGY SERVICES PRIVATE LIMITED [w.e.f.06.07.2011] |
|
|
|
|
Formerly Known
As : |
SAIPEM
TRIUNE ENGINEERING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B1/H4A, Mohan Co-Operative Industrial Estate, Mathura Road, New Delhi
- 110044 |
|
Tel. No.: |
91-11-41212050 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
15.07.2006 |
|
|
|
|
Com. Reg. No.: |
55-151037 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.200 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140DL2006PTC151037 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
DELS30904G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAKCS1045E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Subject is engaged in Designing, Engineering and Consultancy organization
with specific strength in Oil and Gas (On Shore/ Off Shore), Petroleum
Refinery, Chemicals, Petrochemicals and Pipeline sectors etc. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1018000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
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|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track record. Management has witnessed a declined in the company’s scale of
operations along with modest financial profile marked by losses in the last
few years and tight liquidity position owing to the elevated debtor days
during FY2014. However, trade relations seem to be fair. Business is active. Payment
terms are reported as slow but correct. In view of the aforesaid amid extensive experience of the promoters,
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.
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 |
ICRA |
|
Rating |
Cash Credit = BB- |
|
Rating Explanation |
Moderate risk of default regarding timely
servicing of financial obligations. |
|
Date |
May 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Bank Guarantee = A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
May 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.
INFORMATION DECLINED BY
|
Name : |
Mr. K.N. Joshi |
|
Designation : |
Finance Department |
|
Contact No.: |
91-80-46042031 |
|
Date : |
06.05.2015 |
LOCATIONS
|
Registered Office : |
B1/H4A, Mohan Co-Operative Industrial Estate, Mathura Road, New Delhi
– 110044, India |
|
Tel. No.: |
91-11-41212050 |
|
Fax No.: |
91-11-41212220 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.05.2014
|
Name : |
Binoy Jacob |
|
Designation : |
Director |
|
Address : |
45-A, Friends Colony (East), New Delhi – 110065, India |
|
Date of Birth/Age : |
16.06.1950 |
|
Date of Appointment : |
15.07.2006 |
|
Voter ID No.: |
DL/02/006/156531 |
|
DIN No.: |
00236842 |
|
|
|
|
Name : |
Nand Kumar Kongot Unni |
|
Designation : |
Director |
|
Address : |
Block III, Flat D, New No. 30, Gandhi Mandapam Road, Kotturpuram, Chennai - 600085, Tamilnadu, India |
|
Date of Birth/Age : |
15.11.1954 |
|
Date of Appointment : |
21.10.2008 |
|
DIN No.: |
00292105 |
|
|
|
|
Name : |
Mr. Vinod Kumar Sud |
|
Designation : |
Director |
|
Address : |
R-86, Greater Kailash-I, New Delhi -110048, India |
|
Date of Birth/Age : |
23.01.1943 |
|
Date of Appointment : |
16.07.2012 |
|
DIN No.: |
05326001 |
|
|
|
|
Name : |
Mr. Rajender Parshad Thakral |
|
Designation : |
Additional director |
|
Address : |
163, Munirka Vihar, New Delhi – 110067, India |
|
Date of Birth/Age : |
15.09.1942 |
|
Date of Appointment : |
18.03.2014 |
|
DIN No.: |
06850578 |
KEY EXECUTIVES
|
Name : |
Mr. K.N. Joshi |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.05.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Binoy Jacob * * Beneficial interest for 8000 equity shares is held by Grace Foundation Trust |
18000 |
|
|
Triune Projects Private Limited, India |
2000 |
|
|
|
|
|
|
Total |
20000 |
100.00 |
AS ON 27.03.2015
|
Names of Allottee |
No. of Shares |
|
Triune Projects Private Limited, India |
75000 |
|
|
|
|
Total |
75000 |
AS ON 30.05.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
10.00 |
|
Directors
or relatives of directors |
90.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Designing, Engineering and Consultancy
organization with specific strength in Oil and Gas (On Shore/ Off Shore),
Petroleum Refinery, Chemicals, Petrochemicals and Pipeline sectors etc. |
|
|
|
|
Brand Names : |
-- |
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|
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|
Agencies Held : |
-- |
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Exports : |
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Products : |
Not Divulged |
|
Countries : |
Not Divulged |
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Imports : |
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|
Products : |
Not Divulged |
|
Countries : |
Not Divulged |
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|
|
Terms : |
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Selling : |
Not Divulged |
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|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· Vijaya Bank D-86, Main Road, Malviya Nagar, New Delhi -
110017, Delhi, India · Barclays Bank · BNP Paribas |
||||||||||||||||||||||
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Facilities : |
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|
|
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
S R Kapur and Company Chartered Accountants |
|
Address : |
R 289 C, Greater Kailash-I, New Delhi – 110048, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFS9078E |
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|
|
|
Memberships : |
-- |
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|
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Collaborators : |
-- |
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Entities Exercise
Control Over the Enterprises : |
Grace Foundation Trust |
|
|
|
|
Enterprises over
which Major Shareholders, Key Management Personnel and their relatives have significant
influence: |
·
Triune International Private Limited ·
Triune Projects Private Limited ·
Amlo Engineering Private Limited |
CAPITAL STRUCTURE
AFTER 30.05.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs. 10/- each |
Rs. 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
95,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.950 Million |
|
|
|
|
|
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs. 10/- each |
Rs. 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.200 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 |
0.200 |
0.200 |
0.200 |
|
(b) Reserves & Surplus |
356.258 |
347.727 |
320.572 |
|
(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) |
356.458 |
347.927 |
320.772 |
|
|
|
|
|
|
(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 |
17.754 |
20.239 |
22.727 |
|
Total
Non-current Liabilities (3) |
17.754 |
20.239 |
22.727 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
290.153 |
147.926 |
33.077 |
|
(b)
Trade payables |
22.711 |
22.315 |
33.223 |
|
(c)
Other current liabilities |
74.855 |
48.058 |
63.236 |
|
(d)
Short-term provisions |
0.000 |
2.406 |
4.632 |
|
Total
Current Liabilities (4) |
387.719 |
220.705 |
134.168 |
|
|
|
|
|
|
TOTAL |
761.931 |
588.871 |
477.667 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
22.116 |
27.421 |
30.145 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
11.205 |
11.655 |
0.000 |
|
(c) Deferred tax assets
(net) |
22.588 |
28.282 |
35.067 |
|
(d) Long-term Loan
and Advances |
55.638 |
44.453 |
18.482 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
111.547 |
111.811 |
83.694 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.486 |
0.379 |
0.000 |
|
(c)
Trade receivables |
482.703 |
209.095 |
132.918 |
|
(d)
Cash and cash equivalents |
56.079 |
86.975 |
80.281 |
|
(e)
Short-term loans and advances |
12.021 |
13.616 |
3.063 |
|
(f)
Other current assets |
99.095 |
166.995 |
177.711 |
|
Total
Current Assets |
650.384 |
477.060 |
393.973 |
|
|
|
|
|
|
TOTAL |
761.931 |
588.871 |
477.667 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
388.943 |
429.162 |
404.524 |
|
|
|
Other Income |
9.601 |
5.304 |
54.031 |
|
|
|
TOTAL (A) |
398.544 |
434.466 |
458.555 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(0.107) |
2.494 |
0.000 |
|
|
|
Employees benefits expense |
258.625 |
284.515 |
329.588 |
|
|
|
Other expenses |
4.725 |
6.009 |
120.276 |
|
|
|
TOTAL (B) |
263.243 |
293.018 |
449.864 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
135.301 |
141.448 |
8.691 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
23.282 |
8.550 |
3.478 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
112.019 |
132.898 |
5.213 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
97.793 |
98.958 |
31.342 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
14.226 |
33.940 |
(26.129) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5.695 |
6.785 |
(35.067) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
8.531 |
27.155 |
8.938 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
303.429 |
248.254 |
240.320 |
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
426.56 |
1357.73 |
446.90 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
2.19 |
6.33 |
2.21 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
34.79 |
32.96 |
2.15 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.95 |
6.18 |
-5.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.10 |
-0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.81 |
0.43 |
0.10 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.68 |
2.16 |
2.94 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
0.200 |
0.200 |
0.200 |
|
Reserves & Surplus |
320.572 |
347.727 |
356.258 |
|
Net
worth |
320.772 |
347.927 |
356.458 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
33.077 |
147.926 |
290.153 |
|
Total
borrowings |
33.077 |
147.926 |
290.153 |
|
Debt/Equity ratio |
0.103 |
0.425 |
0.814 |
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 |
404.524 |
429.162 |
388.943 |
|
|
|
6.091 |
-9.372 |
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 |
404.524 |
429.162 |
388.943 |
|
Profit |
8.938 |
27.155 |
8.531 |
|
|
2.21% |
6.33% |
2.19% |
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 |
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 |
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 |
-- |
|
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 |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10496011 |
10/03/2014 |
110,000,000.00 |
VIJAYA BANK |
D-86, MAIN ROAD,
MALVIYANAGAR, NEW DELHI, DELHI - 110017, INDIA |
C04573333 |
|
2 |
10085701 |
06/01/2011 * |
95,000,000.00 |
VIJAYA BANK |
D-86, MAIN ROAD,
MALVIYA NAGAR, NEW DELHI, DELHI - 110017, INDIA |
B03750130 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Director |
1.500 |
0.000 |
|
Company in which a Director is Director |
109.829 |
64.950 |
|
|
|
|
|
Total |
111.329 |
64.950 |
NATURE OF
OPERATIONS
Subject is a Design, Engineering and Consultancy organization with
specific strength in Oil and Gas (On Shore/ Off Shore), Petroleum Refinery,
Chemicals, Petrochemicals and Pipeline sectors etc.
FINANCIAL
PERFORMANCE
The total income for the year 2013-14 is Rs. 398.540 Million (Previous
year Rs. 434.470 Million). Profit before Depreciation and Tax is Rs. 18.950
Million (Previous year Rs. 39.950 Million). After making provision for
Depreciation, the Profit and Loss shows a Profit of Rs. 14.230 Million (Previous
year Rs. 33.940 Million). The Profit after providing for Income Tax and
Deferred Tax is Rs. 8.530 Million (Previous year Rs. 27.150 Million).
The networth of the company on 31.03.2014 is Rs. 356.460 Million
(Previous year Rs. 347.930 Million).
OPERATIONAL
PERFORMANCE
Subject completed 8th financial year of operations in
2013-14. During the year around 52 projects, large and small, contributed to
the income.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
Disputed demands pertaining to Assessment Years: |
|
|
|
2007-08 |
164.256 |
164.256 |
|
2007-08 |
141.842 |
107.687 |
|
2008-09 |
64.460 |
64.460 |
|
2009-10 |
52.782 |
52.782 |
|
2010-11 |
50.467 |
0.000 |
|
Service Tax Disputed demands pertaining to period from 19.04.2006 to 31.03.2009 |
3.758 |
3.758 |
|
Bank Guarantee |
50.637 |
75.920 |
FIXED ASSETS:
·
Leasehold Premises
·
Plant and Machinery
·
Computers
·
Electrical Installations
·
Office Equipments
·
Furniture and Fixtures
·
Vehicles
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. 64.05 |
|
|
1 |
Rs. 99.04 |
|
Euro |
1 |
Rs. 71.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
30 |
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.