MIRA INFORM REPORT
|
Report No. : |
324136 |
|
Report Date : |
27.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
VST INDUSTRIES
LIMITED |
|
|
|
|
Registered
Office : |
1-7-1063/1065, Azambad, Hyderabad – 500020 Talangana |
|
Tel. No.: |
91-40-27610460 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
10.11.1930 |
|
|
|
|
Com. Reg. No.: |
36-000576 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.154.400 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L29150TG1930PLC000576 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Marketer of Cigarettes. |
|
|
|
|
No. of Employees
: |
885 (Approximately) [291 Management Staff and 594 Workmen] as on
31.03.2014 |
|
|
|
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (71) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 990000 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an associate of “BRITISH AMERICAN PLC.” It is a
well-established company having excellent track record. The company has a manufacturing facility at Hyderabad and its
principal activities are manufacture and sale of cigarettes and
unmanufactured tobacco. Subject possesses a robust financial profile marked by strong capital
structure and strong liquidity position. Management has reported a healthy
operating profit margin during FY2014 and FY2015. Trade relations are trustworthy. Business is active. Payment terms are
reported as regular and as per commitments. The rating also takes into consideration, the subject being a third
largest player in the Indian cigarette market, having its operations
concentrated in the southern and eastern regions of the country. In the view of vast experience of the promoters and strong customer
base, the subject can be considered for business dealings at usual trade
terms and condition. |
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 |
CRISIL |
|
Rating |
Long term rating =
AA+ |
|
Rating Explanation |
Having high degree
of safety and very low credit risk. |
|
Date |
July 14, 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating =
A1+ |
|
Rating Explanation |
Very strong degree
of safety and carry lowest credit risk. |
|
Date |
July 14, 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 PARTED BY
|
Name : |
Mr. Nahesh |
|
Designation : |
Assistant Manager |
|
Contact No.: |
91-40-27610460 |
|
Date : |
22.05.2015 |
LOCATIONS
|
Registered Office / Factory : |
1-7-1063/1065, Azambad, Hyderabad – 500020 Talangana, India |
|
Tel. No.: |
91-40-27610460 |
|
Fax No.: |
91-40-27615336 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Leased |
DIRECTORS
As on 31.03.2014
|
Name : |
Mr. Raymond S. Noronha |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Mr. N. Sai Sankar |
|
Designation : |
Managing Director |
|
|
|
|
Name : |
Mr. Devraj Lahiri |
|
Designation : |
Wholetime Director |
|
|
|
|
Name : |
Mr. S. Thirumalai |
|
Designation : |
Non-Executive Director |
|
|
|
|
Name : |
Asha Nair |
|
Designation : |
Non-Executive Director |
|
|
|
|
Name : |
Mr. James H. Yamanaka (w.e.f. 1st January, 2014) |
|
Designation : |
Non-Executive Director |
|
|
|
|
Name : |
Mr. Mubeen Rafat (w.e.f. 1st January, 2014) |
|
Designation : |
Non-Executive Director |
KEY EXECUTIVES
|
Name : |
Mr. Nitesh Bakshi |
|
Designation : |
Company Secretary |
SHAREHOLDING PATTERN
As on 31.03.2015
|
Category of Shareholder |
Total No. of Shares |
Total Shareholding as a % of Total No. of Shares |
|
(A) Shareholding
of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
|
|
|
|
4965902 |
32.16 |
|
|
4965902 |
32.16 |
|
Total
shareholding of Promoter and Promoter Group (A) |
4965902 |
32.16 |
|
(B) Public
Shareholding |
|
|
|
|
|
|
|
|
1380959 |
8.94 |
|
|
14887 |
0.10 |
|
|
407876 |
2.64 |
|
|
2297297 |
14.88 |
|
|
4101019 |
26.56 |
|
|
|
|
|
|
4180048 |
27.07 |
|
|
|
|
|
Individual shareholders holding nominal share capital up to Rs. 0.100
Million |
1849150 |
11.97 |
|
Individual shareholders holding nominal share capital in excess of Rs.
0.100 Million |
121858 |
0.79 |
|
|
223943 |
1.45 |
|
|
14908 |
0.10 |
|
|
2260 |
0.01 |
|
|
25 |
0.00 |
|
|
87218 |
0.56 |
|
|
119532 |
0.77 |
|
|
6374999 |
41.28 |
|
Total Public
shareholding (B) |
10476018 |
67.84 |
|
Total (A)+(B) |
15441920 |
100.00 |
|
(C) Shares held by
Custodians and against which Depository Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total
(A)+(B)+(C) |
15441920 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Marketer of Cigarettes. |
|
|
|
|
Products : |
Cigarettes |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Cigarettes |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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||||||||||||||||||||||
|
Customers : |
Wholesalers and Retailers
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
885 (Approximately) [291 Management Staff and 594 Workmen] as on
31.03.2014 |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Lovelock and Lewes Chartered Accountant |
|
Address : |
Hyderabad – 500034, Telangana, India |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Company having
significant influence (As on 31.03.2014) : |
British American Tobacco Group |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Million |
|
5000000 |
Cumulative Redeemable Preference Shares |
Rs. 100/- each |
Rs.500.000 Million |
|
|
Total |
|
Rs.1000.000
Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15441920 |
Equity Shares |
Rs.10/- each |
Rs.154.419
Million |
Note:
Details of
shareholders holding more than 5% of Ordinary Shares:
|
Name of the Shareholders |
No. In Million |
% Holding |
|
Bright Star Investments Private Limited |
4.007 |
25.95 |
|
The Raleigh Investment Company Limited |
3.620 |
23.45 |
|
Tobacco Manufacturers (India) Limited |
1.279 |
8.28 |
|
Small Cap World Fund Inc. |
1.003 |
6.50 |
Rights, Preferences
and Restrictions Attached To Ordinary Shares:
The Company has only one class of Ordinary Shares outstanding, having a par value of `10 each, that rank pari passu in all respects including voting rights and entitlement to dividend.
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
154.400 |
154.419 |
154.419 |
|
(b) Reserves &
Surplus |
3312.400 |
3127.937 |
2886.663 |
|
(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) |
3466.800 |
3282.356 |
3041.082 |
|
|
|
|
|
|
(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 |
61.600 |
32.943 |
2.212 |
|
Total Non-current
Liabilities (3) |
61.600 |
32.943 |
2.212 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
775.700 |
499.056 |
545.094 |
|
(c) Other current
liabilities |
2649.100 |
2472.307 |
2718.192 |
|
(d) Short-term provisions |
1307.100 |
1264.639 |
1129.142 |
|
Total Current Liabilities
(4) |
4731.900 |
4236.002 |
4392.428 |
|
|
|
|
|
|
TOTAL |
8260.300 |
7551.301 |
7435.722 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1977.800 |
2091.059 |
1751.657 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.258 |
0.603 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
22.500 |
32.557 |
32.557 |
|
(c) Deferred tax assets
(net) |
140.100 |
98.932 |
85.664 |
|
(d) Long-term Loan and Advances |
10.700 |
21.415 |
107.638 |
|
(e) Other Non-current
assets |
0.100 |
0.127 |
0.127 |
|
Total Non-Current Assets |
2151.200 |
2244.348 |
1978.246 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
1690.000 |
1779.594 |
1954.846 |
|
(b) Inventories |
3660.700 |
2676.206 |
2533.680 |
|
(c) Trade receivables |
119.500 |
77.789 |
236.945 |
|
(d) Cash and cash
equivalents |
420.500 |
469.354 |
472.722 |
|
(e) Short-term loans and
advances |
177.300 |
256.734 |
225.376 |
|
(f) Other current assets |
41.100 |
47.276 |
33.907 |
|
Total Current Assets |
6109.100 |
5306.953 |
5457.476 |
|
|
|
|
|
|
TOTAL |
8260.300 |
7551.301 |
7435.722 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
8299.900 |
7846.899 |
6636.980 |
|
|
Other Income |
247.000 |
369.267 |
312.303 |
|
|
TOTAL |
8546.900 |
8216.166 |
6949.283 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
4066.700 |
3846.496 |
3241.955 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(91.200) |
(19.617) |
(36.077) |
|
|
Employees benefits
expense |
770.700 |
699.210 |
634.275 |
|
|
Other expenses |
1194.000 |
1184.586 |
1043.580 |
|
|
TOTAL |
5940.200 |
5710.675 |
4883.733 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
2606.700 |
2505.491 |
2065.550 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
2606.700 |
2505.491 |
2065.550 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
319.100 |
265.713 |
224.985 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
2287.600 |
2239.778 |
1840.565 |
|
|
|
|
|
|
|
Less |
TAX |
765.500 |
738.252 |
578.083 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
1522.100 |
1501.526 |
1262.482 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
1113.408 |
1027.482 |
1020.600 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
151.000 |
126.500 |
|
|
Dividend proposed |
|
1080.900 |
965.100 |
|
|
Corporate Dividend Tax |
|
183.700 |
164.000 |
|
|
Total |
NA |
1415.600 |
1255.600 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
NA |
1113.408 |
1027.482 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
1555.110 |
1212.905 |
|
|
TOTAL EARNINGS |
NA |
1555.110 |
1212.905 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
75.836 |
71.612 |
|
|
Components and Stores
parts |
|
11.014 |
6.430 |
|
|
Capital Goods |
|
370.455 |
220.374 |
|
|
TOTAL IMPORTS |
NA |
457.305 |
298.416 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
98.57 |
97.24 |
81.76 |
Expected Sales (2015-16): Rs.11000.000 Million
The above information has been parted by Mr. Nanesh (Assistant Manager).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
2015.604 |
1704.151 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT/Sales) |
(%) |
18.34 |
19.14 |
19.02 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
31.41 |
31.93 |
31.12 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
28.25 |
30.19 |
25.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.66 |
0.68 |
0.61 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.29 |
1.25 |
1.24 |
STOCK PRICES
|
Face Value |
Rs.10 /- |
|
Market Value |
Rs.1676.75 /- |
FINANCIAL ANALYSIS
[all figures are in
Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
154.419 |
154.419 |
154.400 |
|
Reserves & Surplus |
2886.663 |
3127.937 |
3312.400 |
|
Net worth |
3041.082 |
3282.356 |
3466.800 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
6636.980 |
7846.899 |
8299.900 |
|
|
|
18.230 |
5.773 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
6636.980 |
7846.899 |
8299.900 |
|
Profit |
1262.482 |
1501.526 |
1522.100 |
|
|
19.02% |
19.14% |
18.34% |
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 |
No |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
---------------------- |
|
33 |
Market information |
---------------------- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90140529 |
22/06/2001 |
150,000,000.00 |
ICICI LIMITED |
ICICI TOWERS, BANDRA KURLA COMPLEX; BANDRA (EAST), MUMBAI, Maharashtra, INDIA |
- |
|
2 |
90258384 |
20/03/1998 * |
400,000,000.00 |
STATE BANK OF HYDERABAD |
INDUSTRIAL FINANCE BRANCH, HYDERABAD - 500482, Telangana, INDIA |
- |
|
3 |
90258376 |
08/06/1999 * |
180,000,000.00 |
THE INDUSTRIAL
CREDIT AND INVESTMENT CORP. OF INDIA |
163; BACKBAY RECLAMATION, MUMBAI - 400020, Maharashtra, INDIA |
- |
|
4 |
90258166 |
20/03/1998 * |
400,000,000.00 |
STATE BANK OF HYDERABAD |
INDUSTRIAL FINANCE BRANCH, TOPAZ BUILDING, HYDERABAD, TELANGANA, INDIA |
- |
|
5 |
90258056 |
20/03/1998 * |
400,000,000.00 |
STATE BANK OF HYDERABAD |
INDUSTRIAL FINANCE BRANCH, HYDERABAD - 500482, TELANGANA, INDIA |
- |
|
6 |
90258034 |
08/06/1999 * |
180,000,000.00 |
THE INDUSTRIAL
CREDIT AND INVESTMENT CORP. OF INDIA |
163; BACKBAY RECLAMATION, MUMBAI - 400020, Maharashtra, INDIA |
- |
|
7 |
90120749 |
15/09/1994 |
50,000,000.00 |
STANDARD CHARTERED BANK |
58; ARMENIAN STREET, CHENNAI - 600001, TamilNadu, INDIA |
- |
|
8 |
90120745 |
28/05/1996 * |
125,000,000.00 |
STATE BANK OF HYDERABAD INDUSTRIAL BRANCH |
6-3-713; PUNJAGUTTA, HYDERABAD - 500482, TELANGANA, INDIA |
- |
|
9 |
90257994 |
05/09/1994 * |
144,000,000.00 |
STATE BANK OF INDIA |
BANK STREET, HYDERABAD - 500001, TELANGANA, INDIA |
- |
|
10 |
90120626 |
26/07/1993 |
90,000,000.00 |
AMERICAN EXPRESS INTERNATIONAL BANKING CORPORATION |
HAMILTON HOUSE; BLOCK A, CANNOUGHT PLACE, NEW DELHI - 110001, INDIA |
- |
* Date of charge modification
CONTINGENT LIABILITIES
(Rs. In Million)
|
Particulars |
As on 31.03.2014 |
|
Claims against the Company not acknowledged as debts |
235.548 |
|
Tax demands disputed by the Company relating to disallowances/additions of fiscal benefits, pending before various judicial forums |
235.123 |
|
Other matters relating to labour cases |
0.425 |
FIXED ASSETS
- Land
- Building
- Leasehold Property
- Plant and Equipment
- Furniture and Fixtures
- Motor Vehicle
- Office 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 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.63.84 |
|
|
1 |
Rs.98.37 |
|
Euro |
1 |
Rs.69.64 |
INFORMATION DETAILS
|
Information
Gathered by : |
RKH |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILITY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
71 |
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.