MIRA INFORM REPORT

 

 

Report No. :

349983

Report Date :

18.11.2015

 

IDENTIFICATION DETAILS

 

Name :

SEKISUI DLJM MOLDING PRIVATE LIMITED

 

 

Registered Office :

2662, 1st Floor, Sadar Thana Road, Sadar Bazaar, Delhi - 110006

Tel. No.:

91-120-3042004

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

10.05.2011

 

 

Com. Reg. No.:

55-218912

 

 

Capital Investment / Paid-up Capital :

Rs.1.000 Million

 

 

CIN No.:

[Company Identification No.]

U25200DL2011PTC218912

 

 

IEC No.:

0511026641

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAPCS7814N

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufactures of plastic injection-moulded parts for the automobile industry, mainly for two- and four-wheelers.

 

 

No. of Employees :

Information declined by the management 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (45)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 1100000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in the year 2011 and it is a 51:49 JV between SEKISUI CHEMICAL Company Limited and DIPTY LAL JUDGE MAL PRIVATE LIMITED respectively. The company manufactures plastic injection-moulded parts for the automobile industry, mainly for two- and four-wheelers. It presently caters to India Yamaha Motor and Honda Motorcycle.

 

For the financial year ended 2014, company has reported 51.67% sales turnover growth as compared to previous sales turnover and it has maintained satisfactory profitability margins at 4.87% during the year under a review.

 

Rating reflects the strong operational and financial support that company receives from its promoter companies supported by its established relationships with its customers and comfortable financial risk profile of the company.

 

Rating strengths is partially offset by the company's modest scale of operations and customer concentration in its revenue profile.

 

Trade relations are reported as fair. Payment terms are reported to be usually correct.

 

The company 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: BBB-

Rating Explanation

Moderate degree of safety and moderate credit risk.

Date

14.01.2015

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2015.

 

 

INFORMATION DECLINED

 

MANAGEMENT NON CO-OPERATIVE (91-120-3042004)

 

 

LOCATIONS

 

Registered Office :

2662, 1st Floor, Sadar Thana Road, Sadar Bazaar, Delhi – 110006, India

Tel. No.:

Not Available

Fax No.:

Not Available

E-Mail :

2009max18@gmail.com

 

 

Unit 1:

Plot No. 237-238 and 257-258, Ecotech-I Extn., Greater Noida, Uttar Pradesh, India

Tel. No.:

91-120-2341215/216/217

E-Mail :

info@sekisuidljm.com

 

 

Unit 2:

Plot No. SPIA -1, Tapukara industrial Area, Bhiwadi-II, Alwar, Rajasthan, India

 

 

Unit 3:

Plot no. VV-5, Sipcot Industrial Park Vallam Vadakal, Sriperumbudur Taluk, District Kanchipuram -602105, Tamilnadu, India

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Tadahiko Yoshioka

Designation :

Director

Address :

H. No. A-321, Ist Floor, Defence Colony, New Delhi - 110024, India

Date of Birth/Age :

09.12.1968

Date of Appointment :

30.09.2013

DIN No.:

06453137

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U25200DL2011PTC218912

Sekisui DLJM Molding Private Limited

Director

30/09/2013

1/11/2012

-

Active

NO

 

 

Name :

Mr. Dev Bhushan Jain

Designation :

Director

Address :

128 VIR Nagar, Jain Colony, Delhi - 110007, India

Date of Birth/Age :

12.12.1956

Date of Appointment :

29.09.2012

DIN No.:

01620467

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

L18101DL1984PLC019725

JAYPEE SPINTEX LIMITED

Director

31/12/1984

31/12/1984

-

Active

NO

2

U74899DL1993PTC054183

JAYPEE TECHNOPLAST PRIVATE LIMITED

Director

24/06/1993

24/06/1993

2/9/2014

Converted to LLP and dissolved

NO

3

U74899DL1984PTC019552

DIPTY LAL JUDGE MAL PVT LTD

Director

1/8/2015

1/4/2000

-

Active

NO

4

U18101DL2004PTC130868

KAY FASHIONS PRIVATE LIMITED

Director

30/09/2011

3/5/2011

-

Active

NO

5

U25200DL2011PTC218912

Sekisui DLJM Molding Private Limited

Director

29/09/2012

11/6/2011

-

Active

NO

6

U65191DL2006PTC151570

SEIKI FINVEST PRIVATE LIMITED

Managing director

4/3/2015

4/3/2015

-

Active

NO

 

 

Name :

Mr. Yogesh Jain

Designation :

Director

Address :

H - 142, Phase - I, Ashok Vihar, Delhi, 110052,  India

Date of Birth/Age :

14.10.1972

Date of Appointment :

29.09.2012

DIN No.:

01629190

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U25209DL2006PTC149500

DLJM TECHNOPLAST PRIVATE LIMITED

Director

4/6/2006

4/6/2006

-

Active

NO

2

U74899DL1984PTC019552

DIPTY LAL JUDGE MAL PVT LTD

Director

30/09/2011

21/05/2011

-

Active

NO

3

U25200DL2011PTC218912

Sekisui DLJM Molding Private Limited

Director

29/09/2012

26/09/2011

-

Active

NO

4

U65191DL2006PTC151570

SEIKI FINVEST PRIVATE LIMITED

Director

1/3/2014

1/3/2014

5/3/2015

Active

NO

5

U25209DL2006PTC149540

VEGA TECHNOPLAST PRIVATE LIMITED.

Director

1/3/2014

1/3/2014

-

Active

NO

6

U25190DL2014PTC269365

JAIN PLAST PRIVATE LIMITED

Director

24/07/2014

24/07/2014

-

Active

NO

 

 

Name :

Joji Horii

Designation :

Director

Address :

14-21, Kita Tomigaoka 3-Chome, Nara Prefecture, Nara City, Na, Japan

Date of Birth/Age :

19.10.1962

Date of Appointment :

10.07.2014

DIN No.:

03554554

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U25200DL2011PTC218912

Sekisui DLJM Molding Private Limited

Director

10/7/2014

7/7/2011

-

Active

NO

 

 

 

 

KEY EXECUTIVES

 

Name :

Tadahiko Yoshioka

Designation :

Chief Executive Officer

Address :

H. No. A-321, Ist Floor, Defence Colony, New Delhi - 110024, India

Date of Appointment :

10.07.2014

PAN No:

AIVPY1060F

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2014

 

Names of Shareholders

No. of Shares

%age holding

Dipty Lal Judge Mal Private Limited, India

49000

49.00

Sekisui Chemical Company Limited, Japan

51000

51.00

Total

100000

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

51.00

Bodies corporate

49.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Manufactures of plastic injection-moulded parts for the automobile industry, mainly for two- and four-wheelers.

 

 

Products :

Item Code No.

Product Description

87142090

Motor cycle parts

87082900

Motor Vehicle Parts

84804900

Mould & Dies

39259010

Articles of Plastics and Ploymers-(Cross Wave)

39231030

Articles of Plastics and Ploymers-(Tray)

84212190

Parts of Filtering Machine

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

PRODUCTION STATUS: NOT AVAILABLE

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

Information declined by the management 

 

 

Bankers :

Banker Name

Bank of Baroda

Branch Address

Sadar Bazar, Delhi - 110006, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

(Rs. In Million)

 

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Loans and advances from others

(Auto Loan from Bank)

1.189

0.149

Other loans and advances

(Term Loans are secured against hypothecation of all plant s and machineries and stand by LC guarantee of SEKISUI Chemical Company Limited)

101.632

106.876

SHORT TERM BORROWING

 

 

Other loans and advances, others

52.758

27.400

Total

155.579

134.425

 

Auditors :

 

Name :

Modit and Company

Chartered Accountants

Address :

170A-170B,1st Floor, Tower-B,Spaze-I-Tech Park, Sector-49, Sohna-Gurgaon, Haryana, India

PAN N Income-tax PAN of auditor or auditor's firm :

AGMPR3975K

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Holding company:
  • Sekisui Chemical Company Limited, Japan

 

 

Associates:
  • Dipty Lal Judge Mal Private Limited, India [U74899DL1984PTC019552]

 

 

Others:
  • Jaypee Cookeasy Private Limited, India [U31901DL2006PTC145417]
  • Jaypee Seiki Plastics Private Limited, India

 [U74899DL1986PTC023885]

  • Jaypee Spintex Limited, India [L18101DL1984PLC019725]
  • Max Management Consultants Private Limited, India

 [U74140DL2006PTC148691]

 

 

Fellow Subsidiary company:
  • Sekisui Chemical India Private Limited, India

 [U24233DL2007FTC163675]

  • Sekisui Techno Molding Company Limited, Japan

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

110000

Equity Shares

Rs.10/- each

Rs. 1.100 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

100000

Equity Shares

Rs.10/- each

Rs. 1.000 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

1.000

1.000

1.000

(b) Reserves & Surplus

366.948

314.550

352.555

(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)

367.948

315.550

353.555

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

331.203

335.407

99.750

(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

0.338

0.312

0.119

Total Non-current Liabilities (3)

331.541

335.719

99.869

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

52.758

27.400

25.121

(b) Trade payables

56.760

31.436

35.289

(c) Other current liabilities

107.371

121.914

58.809

(d) Short-term provisions

0.036

0.045

1.444

Total Current Liabilities (4)

216.925

180.795

120.663

 

 

 

 

TOTAL

916.414

832.064

574.087

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

302.536

178.991

171.802

(ii) Intangible Assets

122.972

175.674

228.377

(iii) Capital work-in-progress

18.891

111.464

0.251

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

0.000

0.000

(c) Deferred tax assets (net)

14.557

0.000

0.000

(d)  Long-term Loan and Advances

17.098

15.642

13.803

(e) Other Non-current assets

0.517

0.199

0.043

Total Non-Current Assets

476.571

481.970

414.276

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

61.582

34.027

33.586

(c) Trade receivables

159.265

66.102

46.396

(d) Cash and cash equivalents

183.315

190.579

1.078

(e) Short-term loans and advances

33.640

56.834

62.845

(f) Other current assets

2.041

2.552

15.906

Total Current Assets

439.843

350.094

159.811

 

 

 

 

TOTAL

916.414

832.064

574.087

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

1073.491

707.727

309.330

 

Other Income

 

 

 

 

TOTAL

1073.491

707.727

309.330

 

 

 

 

 

 

EXPENSES

1035.649

(Including Depreciation)

664.241

320.570

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION 

43.486

-11.240

 

 

 

 

 

 

DEPRECIATION/ AMORTISATION

 

81.490

53.093

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

37.842

(38.004)

(64.333)

 

 

 

 

 

 

TAX

(14.557)

0.000

0.000

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

52.398

(38.004)

(64.333)

 

 

 

 

 

 

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD 

(102.337)

(64.333)

0.000

 

 

 

 

 

 

Balance Carried to the B/S

(49.939)

(102.337)

(64.333)

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

523.98

NA

NA

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

NA

36.774

23.084

Cash generated from operations

NA

NA

NA

Net cash flows from (used in) operations

49.102

85.132

NA

Net cash generated from operating activities

NA

100.546

(61.855)

 

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Return on Total Assets

(PBT/Total Assets}

(%)

4.29

(5.27)

(11.21)

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.10

(0.12)

(0.18)

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.04

1.27

0.42

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

2.03

1.94

1.32

 

 

 

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

1.000

1.000

1.000

Reserves & Surplus

352.555

314.550

366.948

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

0.000

0.000

0.000

Net worth

353.555

315.550

367.948

 

 

 

 

long-term borrowings

99.750

335.407

331.203

Short term borrowings

25.121

27.400

52.758

Total borrowings

124.871

362.807

383.961

Debt/Equity ratio

0.353

1.150

1.044

 

 

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

309.330

707.727

1073.491

 

 

128.794

51.682

 

 

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

309.330

707.727

1073.491

Profit

(64.333)

(38.004)

52.398

 

(20.80%)

(5.37%)

4.88%

 

 

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

No

8

Designation of contact person

No

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)

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

Yes

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

 

PERFORMANCE REVIEW

 

During the year the company has earned Revenue from Operation of Rs. 1073.491 Million in comparison of Rs. 707.727 Million for Previous year and has earned Profit of Rs. 52.398 Million for the current Financial Year, in comparison to the loss of Rs. 38.004 Million for Previous Year.

 

UNSECURED LOAN

 

(Rs. In Million)

Particulars

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Other loans and advances

228.382

228.382

Total

228.382

228.382

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10600799

19/10/2015

900,000.00

BANK OF BARODA

SADAR BAZAR, NEW DELHI, DELHI - 110006, INDIA

C69244713

2

10600801

19/10/2015

600,000.00

BANK OF BARODA

SADAR BAZAR, NEW DELHI, DELHI - 110006, INDIA

C69245249

3

10586714

05/08/2015

800,000.00

BANK OF BARODA

SADAR BAZAR, DELHI, DELHI - 110006, INDIA

C62054820

4

10586730

05/08/2015

720,000.00

BANK OF BARODA

SADAR BAZAR, DELHI, DELHI - 110006, INDIA

C62057773

5

10586736

05/08/2015

750,000.00

BANK OF BARODA

SADAR BAZAR, DELHI, DELHI - 110006, INDIA

C62058284

6

10560495

30/03/2015

800,000.00

BANK OF BARODA

SADAR BAZAR, NEW DELHI, DELHI - 110006, INDIA

C49617657

7

10547644

05/02/2015

50,000,000.00

THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMI
TED

25, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, IN
DIA

C42806364

8

10547475

15/01/2015

152,000,000.00

THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMI
TED

25, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, IN
DIA

C42705483

9

10547480

10/11/2015 *

152,000,000.00

THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMI
TED

25, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, IN
DIA

C69748143

10

10303348

01/08/2011

840,000.00

BANK OF BARODA

SADAR BAZAR, DELHI, DELHI - 110006, INDIA

B19228998

 

* Date of charge modification

 

FIXED ASSETS

 

Tangible assets

 

 

Intangible assets

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.65.98

UK Pound

1

Rs.100.11

Euro

1

Rs.70.35

 

 

INFORMATION DETAILS

 

Information Gathered by :

GYT

 

 

Analysis Done by :

KAR

 

 

Report Prepared by :

KVT

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

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

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

 

45

 

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

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.