MIRA INFORM REPORT
|
Report No. : |
322264 |
|
Report Date : |
18.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
SCHOTT KAISHA PRIVATE LIMITED (w.e.f. 30.07.2008) |
|
|
|
|
Formerly Known
As : |
KAISHA MANUFACTURERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
70, Nagindas Master Road, Fort, Mumbai – 400023, Maharashtra |
|
Tel. No.: |
91-22-61515700 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
21.12.1994 |
|
|
|
|
Com. Reg. No.: |
11-083938 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 3.221 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26100MH1994PTC083938 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS61056C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK2310G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Ampoules, Prefillable Syringes, Vials and Dental Cartridges. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
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|
|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company having fine track record. For the financial year ended 2014, the company has reported sales turnover of Rs. 2730.000 Million (approx.) and achieved topline growth of 15.24%. Profitability margins of the company stood at 4.09%. Rating also takes into consideration company's healthy operational risk profile backed by its decent financial base and adequate liquidity profile, of the company. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitment. In view of decent financial base, the company can be considered good for normal business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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. Sachin Patil |
|
Designation : |
Finance Department |
|
Contact No.: |
91-22-61515700 |
|
Date : |
14.05.2015 |
|
Name : |
Mr. Vipin |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-61515700 |
|
Date : |
14.05.2015 |
LOCATIONS
|
Registered Office : |
70, Nagindas Master Road, Fort, Mumbai – 400023, Maharashtra, India |
|
Tel. No. : |
91-22-61515700 |
|
Fax No. : |
91-22-22886442 |
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E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Admin. Office: |
Shapoorji Pallonji Center, 41/44, Minoo Desai Marg, Colaba, Mumbai - 400005, Maharashtra, India |
|
Tel. No.: |
91-22- 61515700/ 61515701/ 61515702/ 61515703 |
|
Fax No.: |
91-22-22886442 |
|
|
|
|
Factory : |
Survey No. 50/4, Kadaiya Village, Post Bhimpore, Nani Daman - 396210, Daman and Diu, India |
|
Tel. No. : |
91-260-2221394 |
|
E-Mail : |
DIRECTORS
As on 30.09.2014
|
Name : |
Andreas Kurt Adolf Reisse |
|
Designation : |
Director |
|
Address : |
Amberger STR, 91B, Regensburg, Germany |
|
Date of Birth/Age : |
20.04.1961 |
|
Experience : |
28 Years |
|
Date of Appointment : |
24.01.2012 |
|
DIN No. : |
01531131 |
|
|
|
|
Name : |
Kairus Shavak Dadachanji |
|
Designation : |
Managing Director |
|
Address : |
603. Bhatawar, Colaba Road, Colaba, Mumbai – 400005, Maharashtra,
India |
|
Date of Birth/Age : |
04.09.1961 |
|
Qualification : |
Bachelor of Commerce |
|
Date of Appointment : |
01.04.2008 |
|
PAN No. : |
AAEPD9434B |
|
DIN No. : |
00196582 |
|
|
|
|
Name : |
Mr. Jimmy Jehangir Parakh |
|
Designation : |
Director |
|
Address : |
Sterling Tower, Flat No. 502, Harishchandra Goregaonkar Marg, Gamdevi,
Mumbai – 400007, Maharashtra, India |
|
Date of Birth/Age : |
01.10.1949 |
|
Date of Appointment : |
21.12.1994 |
|
DIN No. : |
00004945 |
|
|
|
|
Name : |
Mr. Michael Vollgold |
|
Designation : |
Additional Director |
|
Address : |
Dekan-Schell-Strasse, 17, Ubstadt Weiher, Germany, 76698 |
|
Date of Birth/Age : |
24.10.1966 |
|
Date of Appointment : |
24.09.2013 |
|
DIN No. : |
06430250 |
|
|
|
|
Name : |
Mr. Laurindo Manuel Salgueiro Gomes |
|
Designation : |
Director |
|
Address : |
Pfarer – Heberer, STR 50, Bingen – 55411, Germany |
|
Date of Birth/Age : |
19.05.1969 |
|
Date of Appointment : |
01.09.2014 |
|
DIN No. : |
06974622 |
|
|
|
|
Name : |
Mr. Rohit Avinash Sarmalkar |
|
Designation : |
Director |
|
Address : |
Flat No. 201/202, Building No. 5, Sector 6, Shanti Gardens, Behind Bhakti
Vedant Hospital, Mira Road East, Mumbai – 401107, Maharashtra, India |
|
Date of Birth/Age : |
15.11.1971 |
|
Date of Appointment : |
27.09.2010 |
|
PAN No. : |
AJBPS7229P |
|
DIN No. : |
03076606 |
KEY EXECUTIVES
|
Name : |
Mr. Sachin Patil |
|
Designation : |
Finance Department |
|
Name : |
Mr. Vipin |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Kairus Shavak Dadachanji |
8052 |
25.00 |
|
Shapoor Pallonji Mistry |
8051 |
25.00 |
|
Schott Glaswerke Beteiligungs – Und Export GmbH, Germany |
16103 |
50.00 |
|
Total |
32206 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
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 |
50.00 |
|
Directors or relatives of Directors |
25.00 |
|
Other top fifty shareholders |
25.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Ampoules, Prefillable Syringes, Vials and
Dental Cartridges. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
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 the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Z.M. Bhathena and Company Chartered Accountants |
|
Address : |
V.T. Mansion, 1st Floor, 144, Perin Nariman Point, Fort, Mumbai – 400001, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADPB6787E |
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|
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Memberships : |
-- |
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Collaborators : |
-- |
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|
(A) The Following
SCHOTT Group Companies are related with SCHOTT Glaswerke
Beteiligungs - und Exports GmbH
(50% Shareholder of the Company), which is
a 100% subsidiary of SCHOTT AG, Germany
:: |
|
|
|
|
|
B) Mr. Kairus
Dadachanji, Managing Director
of the Company is associated with the following
firms/companies/relatives : |
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|
|
|
Proprietor,
Mr.Phiroze Dadachanji (Brother of Mr.Kairus
Dadachanji): |
|
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs. 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
32206 |
Equity Shares |
Rs.100/- each |
Rs. 3.221 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 |
3.221 |
3.221 |
3.221 |
|
(b) Reserves & Surplus |
1016.134 |
903.950 |
810.577 |
|
(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) |
1019.355 |
907.171 |
813.798 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
753.856 |
804.322 |
213.405 |
|
(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 |
63.764 |
65.182 |
37.837 |
|
Total
Non-current Liabilities (3) |
817.620 |
869.504 |
251.242 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
151.617 |
76.324 |
49.523 |
|
(b) Trade payables |
355.191 |
272.209 |
163.094 |
|
(c) Other current liabilities |
308.609 |
145.407 |
91.828 |
|
(d) Short-term provisions |
135.190 |
99.249 |
58.770 |
|
Total
Current Liabilities (4) |
950.607 |
593.189 |
363.215 |
|
|
|
|
|
|
TOTAL |
2787.582 |
2369.864 |
1428.255 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1389.434 |
1145.476 |
299.137 |
|
(ii) Intangible Assets |
3.145 |
4.833 |
2.606 |
|
(iii) Capital work-in-progress |
57.597 |
51.953 |
399.108 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.625 |
0.625 |
0.600 |
|
(c) Deferred tax assets (net) |
35.724 |
22.099 |
36.779 |
|
(d) Long-term Loan and Advances |
38.280 |
134.808 |
119.824 |
|
(e) Other Non-current assets |
37.916 |
2.927 |
2.183 |
|
Total
Non-Current Assets |
1562.721 |
1362.721 |
860.237 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.741 |
0.694 |
0.649 |
|
(b) Inventories |
344.599 |
279.310 |
192.945 |
|
(c) Trade receivables |
553.506 |
525.368 |
302.511 |
|
(d) Cash and cash equivalents |
123.804 |
53.558 |
2.433 |
|
(e) Short-term loans and
advances |
189.366 |
128.912 |
68.933 |
|
(f) Other current assets |
12.845 |
19.301 |
0.547 |
|
Total
Current Assets |
1224.861 |
1007.143 |
568.018 |
|
|
|
|
|
|
TOTAL |
2787.582 |
2369.864 |
1428.255 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Total Revenue |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL
|
2739.451 |
2377.129 |
1616.666 |
|
|
|
|
|
|
|
Less |
EXPENSES |
2182.648 |
1985.332 |
1242.563 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
556.803 |
391.797 |
374.103 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
106.151 |
58.015 |
5.954 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
450.652 |
333.782 |
368.149 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
263.855 |
198.062 |
53.92 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX AND EXCEPTIONAL ITEMS |
186.797 |
135.720 |
314.229 |
|
|
|
|
|
|
|
Add |
EXCEPTIONAL ITEMS |
1.829 |
0.402 |
5.620 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
188.626 |
136.122 |
319.849 |
|
|
|
|
|
|
|
Less |
TAX |
76.442 |
42.749 |
87.947 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
112.184 |
93.373 |
231.902 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
679.958 |
516.422 |
357.149 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
3483.00 |
2899.00 |
7201.00 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
233.214 |
2.512 |
2.394 |
|
Cash generated from operations |
NA |
NA |
NA |
EY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.00 |
5.93 |
32.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.15 |
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.12 |
0.97 |
0.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.29 |
1.70 |
1.56 |
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 |
3.221 |
3.221 |
3.221 |
|
Reserves & Surplus |
810.577 |
903.950 |
1016.134 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
813.798 |
907.171 |
1019.355 |
|
|
|
|
|
|
long-term borrowings |
213.405 |
804.322 |
753.856 |
|
Short term borrowings |
49.523 |
76.324 |
151.617 |
|
Current Maturities Of
Long-Term Debts |
2.394 |
2.512 |
233.214 |
|
Total
borrowings |
265.322 |
883.158 |
1138.687 |
|
Debt/Equity
ratio |
0.326 |
0.974 |
1.117 |
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) |
|
Total Revenue |
1616.666 |
2377.129 |
2739.451 |
|
|
|
47.039 |
15.242 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Revenue |
1616.666 |
2377.129 |
2739.451 |
|
Profit |
231.902 |
93.373 |
112.184 |
|
|
14.34% |
3.93% |
4.10% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
BUSINESS PROSPECTS AND
FUTURE PLANS
i) The Company has decided to upgrade all the vial forming machines with the European tooling stations and cameras. This will enhance output and improve the quality levels, also improving the Glass Waste Rate.
ii) The Company has decided to expand the current warehouse at Jambusar as it has added the additional manufacturing lines with which the warehousing expansion becomes a must.
iii) The Company has added more capacity in syringe business during the year due to ever increasing market demand. We have also upgraded the syringe processing area to increase the productivity.
iv) The Company has set up its own micro-lab to carry out the various in-house quality tests which was previously outsourced. This has lead to substantial cost savings for the company.
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10550047 |
03/03/2015 * |
128,800,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LTD. |
1ST FLOOR, MAKER
TOWER 'E', MAKER ARCADE, CUFFE P |
C46490850 |
|
2 |
10407637 |
11/01/2013 |
400,000,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED |
MAKER TOWER 'E',
FIRST FLOOR,, CUFFE PARADE,, MUM |
B69421030 |
|
3 |
10364582 |
20/02/2014 * |
394,550,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED (LEAD |
MAKER TOWER 'E', FIRST
FLOOR,, CUFFE PARADE,, MUM |
C00529826 |
|
4 |
10339431 |
17/03/2015 * |
1,510,200,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LTD. |
1ST FLOOR, MAKER
TOWER 'E', MAKER ARCADE, CUFFE P |
C51178796 |
|
5 |
10306197 |
15/02/2014 * |
220,000,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED |
MAKER TOWER 'E',
FIRST FLOOR,, CUFFE PARADE, MUMB |
C00526202 |
|
6 |
10306278 |
08/08/2011 |
695,700,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED(LEAD |
MAKER TOWER 'E',
FIRST FLOOR,, CUFFE PARADE,, MUM |
B20546578 |
|
7 |
10094185 |
01/02/2008 |
315,830,000.00 |
THE SHAMRAO VITHAL CO-OP. BANK LTD. |
MAKER TOWER 'E',
FIRST FLOOR,, CUFFE PARADE, MUMB |
A34792481 |
|
8 |
10069935 |
11/09/2007 |
15,000,000.00 |
THE SHAMRAO VITHAL CO-OP. BANK LTD. |
MAKER TOWERS 'E',
1ST FLOOR,, CUFFE PARADE,, MUMB |
A24148413 |
|
9 |
10038564 |
12/01/2007 |
8,850,000.00 |
THE SHAMRAO VITHAL CO-OP. BANK LTD. |
MAKER TOWERS `E',,
1ST FLOOR, CUFFE PARADE,, MUMB |
A11017225 |
|
10 |
10038597 |
01/02/2008 * |
315,830,000.00 |
THE SHAMRAO VITHAL CO-OP. BANK LTD. |
MAKER TOWER
"E", 1ST FLOOR, CUFFE PARADE, MUMBAI, |
A34794867 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
Intangible assets
- 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.63.58 |
|
|
1 |
Rs.100.30 |
|
Euro |
1 |
Rs.72.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
54 |
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.