MIRA INFORM REPORT
|
Report No. : |
347305 |
|
Report Date : |
05.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
BECTOCHEM CONSULTANTS AND ENGINEERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
201, Ashok House,
|
|
Tel. No.: |
91-22-28500008 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
21.05.2002 |
|
|
|
|
Com. Reg. No.: |
11-135950 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.30.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29297MH2002PTC135950 |
|
|
|
|
IEC No.: |
0396023673 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB14029B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB7908G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and
Exporter of Pharmaceutical Machinery and Its Parts, Components etc. |
|
|
|
|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 589000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2002, having satisfactory track.
It is a manufacturer and
exporter of pharmaceutical machinery and its components. For the year 2014,
the company has achieved adequate sales turnover marked by above satisfactory
profitability margin and same has increased ad compared to last year. The company
possesses sound networth base decrease in its borrowings, increase in its
cash accruals and decent liquidity position.
Trade relations are fair. Business is active. Payments are usually
correct. The company can be considered for 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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Ms. Kinjal |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-22-28500008 |
|
Date : |
03.11.2015 |
LOCATIONS
|
Registered Office : |
201, Ashok House,
|
|
Tel. No.: |
91-22-28500008 |
|
Mobile No.: |
91-9979870422
(Mr. M.S. Pandey) |
|
Fax No.: |
91-22-28506785 |
|
E-Mail : |
|
|
Website : |
www.bectochem.com
|
|
Area : |
7500 Sq. Mt. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Corporate Office : |
Building 5C / 204,
Mittal Industrial Estate, Andheri – Kurla Road, Andheri (East), Mumbai –
400059, Maharashtra, India |
|
Tel. No.: |
91-22-28500008/
2400/ 0057 |
|
Fax No.: |
91-22-28506785 |
|
E-Mail : |
|
|
Area : |
1000 Sq. ft. |
|
Location : |
Rented |
|
|
|
|
Factory 1 : |
Plot No. 4906/ 15,
GIDC Industrial Estate Ankleshwar, District Bharuch, Ankleshwar – 393002,
Gujarat, India |
|
Tel. No.: |
91-2646-221757/
222444/ 221999/ 239217 |
|
Fax No.: |
91-2646-222444/
250714 |
|
E-Mail : |
|
|
Area: |
46,000 Sq. ft. |
|
|
|
|
Factory 2 : |
Plot No. 80, PCNTDA, Bhosari, Pune -
411026, Maharashtra, India |
|
Tel No.: |
91-20-30781208/ 1210 |
|
Fax No.: |
91-20-30781209 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Rajendra
Mohan Bector |
|
Designation : |
Director |
|
Address : |
201, Ashok House,
|
|
Date of Birth/Age : |
10.10.1936 |
|
Qualification : |
BE |
|
Experience : |
50 Years |
|
Date of Appointment : |
21.05.2002 |
|
DIN No.: |
01041746 |
|
|
|
|
Name : |
Mr. Prem
Rajender Bector |
|
Designation : |
Director |
|
Address : |
201, Ashok House,
|
|
Date of Birth/Age : |
05.08.1938 |
|
Date of Appointment : |
21.05.2002 |
|
DIN No.: |
01041745 |
|
|
|
|
Name : |
Mrs. Sangeeta
Alok Bector |
|
Designation : |
Director |
|
Address : |
201, Ashok House,
|
|
Date of Birth/Age : |
11.09.1963 |
|
Qualification : |
MBA |
|
Experience : |
23 Years |
|
Date of Appointment : |
21.05.2002 |
|
DIN No.: |
01041749 |
|
|
|
|
Name : |
Mr. Alok Rajendra Bector |
|
Designation : |
Director |
|
Address : |
201, Ashok House, Rajendra Prasad Road, Juhu, Mumbai – 400049,
Maharashtra, India |
|
Date of
Birth/Age : |
15.04.1964 |
|
Qualification : |
B Com |
|
Experience : |
25 Years |
|
Date of
Appointment : |
21.05.2002 |
|
DIN No.: |
02294385 |
KEY EXECUTIVES
|
Name : |
Ms. Kinjal |
|
Designation : |
Accounts Executive |
|
|
|
|
Name : |
P.S. Gupchup |
|
Designation : |
Practicing Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Rajendra Bector
Karta HUF |
225000 |
|
Prem
Rajendramohan Bector |
825000 |
|
Sangeeta Alok
Bector |
240000 |
|
Rajendra Mohan
Bector |
1065000 |
|
Alok Rajendra
Bector |
615000 |
|
Mona Sanjiv Kalra
|
15000 |
|
Sunanda Rajesh
Varma |
15000 |
|
TOTAL
|
3000000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and
Exporter of Pharmaceutical Machinery and Its Parts, Components etc. |
|
|
|
|
Products : |
Granulation Line: Ø
Vibro
Sifter Ø
Auto
Coater Ø
Coating
Pan Ø
Paste
Kettle Ø
Fluid
Bed Dryer Ø
Multi
Mill Ø
Co –
Mill Ø
Double
Clone Blender Ø
Octogonal
Blender Ø
Tri
Motion Blender Ø
Fix
and Mobile Loader Ø
Washing
Systems Ointment Line: Ø
Oinment
Mixer Ø
Homogenizer Ø
Storage Liquid Line: Ø
Mixing
Tank Ø
Storage
Tank |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Machine Parts |
|
Countries : |
|
|
|
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|
Terms : |
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|
Selling : |
Cash and Cheque |
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|
|
|
Purchasing : |
Cash and Cheque |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
300 (Approximately) |
||||||||||||||||||||||
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||||||||||||||||||||||
|
Bankers : |
State Bank of India, Industrial Finance Branch, Sakinaka, Mumbai - 400049, Maharashtra, India |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
|
|
Financial Institution : |
Bajaj Finance Limited, Akurdi Pune, Mumbai – Pune Road, Pune – 411035, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Pankaj A Shah and
Company Chartered
Accountants |
|
Address : |
3/1225-L, Narjivan
Commercial Premises, Co-operative Society Limited, Lamington Road, Mumbai –
400008, Maharashtra, India |
|
Tel. No.: |
91-22-23074148 |
|
PAN No: |
ABEPS6263J |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Subsidiary
Companies : |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each
|
Rs.30.000
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 |
30.000 |
30.000 |
30.000 |
|
(b) Reserves &
Surplus |
176.249 |
113.761 |
100.988 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
10.000 |
|
Total Shareholders’ Funds
(1) + (2) |
206.249 |
143.761 |
140.988 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
81.206 |
107.608 |
21.217 |
|
(b) Deferred tax
liabilities (Net) |
0.288 |
0.273 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
81.494 |
107.881 |
21.217 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
116.208 |
170.174 |
116.926 |
|
(b) Trade payables |
232.738 |
250.833 |
251.369 |
|
(c) Other current
liabilities |
23.887 |
29.040 |
16.265 |
|
(d) Short-term provisions |
22.506 |
12.283 |
12.054 |
|
Total Current Liabilities
(4) |
395.339 |
462.330 |
396.614 |
|
|
|
|
|
|
TOTAL |
683.082 |
713.972 |
558.819 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
201.122 |
177.531 |
42.563 |
|
(ii) Intangible Assets |
1.653 |
2.064 |
1.540 |
|
(iii) Capital
work-in-progress |
25.025 |
35.144 |
53.388 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
18.238 |
18.238 |
13.338 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.979 |
|
(d) Long-term Loan and Advances |
16.999 |
17.309 |
12.682 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
263.037 |
250.286 |
124.490 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
102.872 |
139.565 |
114.210 |
|
(c) Trade receivables |
254.398 |
290.403 |
293.926 |
|
(d) Cash and cash
equivalents |
2.752 |
2.118 |
3.618 |
|
(e) Short-term loans and
advances |
36.472 |
12.043 |
6.847 |
|
(f) Other current assets |
23.551 |
19.557 |
15.728 |
|
Total Current Assets |
420.045 |
463.686 |
434.329 |
|
|
|
|
|
|
TOTAL |
683.082 |
713.972 |
558.819 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL |
572.026 |
646.574 |
717.676 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL |
452.727 |
602.837 |
667.195 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
119.299 |
43.737 |
50.481 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
15.901 |
13.903 |
13.946 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
103.398 |
29.834 |
36.535 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
23.575 |
11.319 |
8.706 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
79.823 |
18.515 |
27.829 |
|
|
|
|
|
|
|
Less |
TAX |
17.330 |
6.008 |
9.225 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
62.493 |
12.507 |
18.604 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
113.761 |
100.988 |
82.384 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
0.005 |
(0.266) |
0.000 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
176.249 |
113.761 |
100.988 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
65.471 |
101.262 |
85.671 |
|
|
TOTAL EARNINGS |
65.471 |
101.262 |
85.671 |
|
|
|
|
|
|
|
|
TOTAL IMPORTS |
26.792 |
40.250 |
33.309 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
20.83 |
4.17 |
6.2 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
420.000 |
|
|
|
|
Due to Market
fluctuation |
The above information has been parted by Ms. Kinjal (Accounts
Executive).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Total Income) |
(%) |
10.92 |
1.93 |
2.59 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/ Total Income) |
(%) |
20.86 |
6.76 |
7.03 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.48 |
2.80 |
5.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.39 |
0.13 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.96 |
1.93 |
0.98 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.06 |
1.00 |
1.10 |
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 |
30.000 |
30.000 |
30.000 |
|
Reserves & Surplus |
100.988 |
113.761 |
176.249 |
|
Share Application money
pending allotment |
10.000 |
0.000 |
0.000 |
|
Net worth |
140.988 |
143.761 |
206.249 |
|
|
|
|
|
|
long-term borrowings |
21.217 |
107.608 |
81.206 |
|
Short term borrowings |
116.926 |
170.174 |
116.208 |
|
Total borrowings |
138.143 |
277.782 |
197.414 |
|
Debt/Equity ratio |
0.980 |
1.932 |
0.957 |
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 Income |
717.676 |
646.574 |
572.026 |
|
|
|
(9.907) |
(11.530) |
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 Income |
717.676 |
646.574 |
572.026 |
|
Profit |
18.604 |
12.507 |
62.493 |
|
|
2.59% |
1.93% |
10.92% |
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 |
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 |
Yes |
|
19 |
Major customers |
Yes |
|
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 four years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
Particulars |
As
on 31.03.2014 [Rs.
in Million] |
As
on 31.03.2013 [Rs.
in Million] |
|
Short Term
Borrowings |
|
|
|
Loans and Advances From Related Parties |
27.287 |
58.389 |
|
Deposits |
|
|
|
Deposit Rent Becto Flex Containment System Private Limited |
10.000 |
10.000 |
|
TOTAL
|
37.287 |
68.389 |
CORPORATE INFORMATION
Subject is a Private Limited Company Domicile in India and has been registered under Part ix of Indian Companies Act, 1956 an 21st May, 2002. The Company is engaged in the manufacture of Pharmaceutical Machinery and its part, components etc.
The Company has effected a slump sale effective on 3rd April, 2013 for 3rd pharmaceutical machinery division to Bcctochem Loedige Process Technology Private Limited for a lump sum consideration of Rs. 190.000 Million and have transferred certain fixed assets other assets and liabilities in terms of Business Transfer Agreement between them. The values assigned by tile management for tile assets and liabilities are dealt with in the books of accounts for the year.
FINANCIAL RESULTS
Overall Net Sales/Income registered 11.53% decrease to Rs.572.000 Million compared to Rs.646.600 Million for F.Y.2012-13 because of n division of Pharmaceutical Machinery was transferred by way of Slump Sale.
Net Profit before Tax at Rs.79.823 Million was 76.81% higher in comparison to F.Y.2012-13 due to extra ordinary gain on Slump sale of a division of Pharmaceutical Machinery. Increase in Depreciation and Amortization al Rs.23.575 Million over Rs 11.319 Million last year. Financial Cost showed increase of 14.37% compared to last year.
The plant at Ankleshwar and Pune performed well during the year.
INDEX OF CHARGES:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10542053 |
29/12/2014 |
20,000,000.00 |
BAJAJ FINANCE LIMITED |
AKURDI PUNE, MUMBAI PUNE ROAD, PUNE - 411035, MAHARASHTRA, INDIA |
C39954441 |
|
2 |
10302076 |
26/12/2014 * |
20,700,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
C39478359 |
|
3 |
10276495 |
27/12/2014 * |
261,735,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
C39915830 |
|
4 |
10117560 |
11/11/2014 * |
261,735,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
C35968908 |
* Date of charge modification
FIXED ASSETS:
·
Computer
- Factory Premises
- Furniture and Fixture
- Motor Car
- Plant and Machinery
- Fax Machine
- Xerox Machine
- Gala No. 204/205
- Vacuum cleaner
- Typewriter
- Cranes
- Cycle
- Generator
- Motor Bike
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair and
reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.57 |
|
|
1 |
Rs.101.13 |
|
Euro |
1 |
Rs.71.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
AMRT |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
44 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.