MIRA INFORM REPORT
|
Report No. : |
350079 |
|
Report Date : |
20.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
POSCO – INDIA PUNE PROCESSING CENTER PRIVATE LIMITED (w.e.f.
19.05.2008) |
|
|
|
|
Formerly Known
As : |
POS-INDIA STEEL PROCESSING CENTRE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. A-9, Floriculture Park, Talegaon Industrial Area (MIDC), Village: Navlakh, Umbre Taluka, District: Maval, Pune – 410507,
Maharashtra |
|
Tel. No.: |
91-2114-308100 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 (Partial Details) |
|
|
|
|
Date of
Incorporation : |
24.11.2005 |
|
|
|
|
Com. Reg. No.: |
25-021580 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1150.625 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27107PN2005PTC021580 |
|
|
|
|
IEC No.: |
3105019944 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEP09880D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCP7555R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is engaged in the business of import and processing of hot and cold roll steel. |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1300000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
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Litigation : |
Clear |
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|
|
Comments : |
Subject is subsidiary of “POSCO Company Limited” KOREA. It is well established company having satisfactory track record. Rating reflects the company's strong linkages with its parent, and its presence in the high-end product segment. Rating further takes into account on company’s comfortable financial profile marked by growing scale of operation and decent capital structure of the company. This strength are, however, partially offset by company's exposure to risks related to fluctuations in foreign exchange rates and accumulated loss leading to deterioration in its capital structure. However, trade relation seems to be fair. Business is active. Payment terms are slow but correct. In view of strong financial and managerial support from its parent company, subject 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 |
CRISIL |
|
Rating |
Short term Bank Facilities = A1 |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
|
Date |
20.08.2015 |
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.
LOCATIONS
|
Registered Office : |
Plot No. A-9, Floriculture Park, Talegaon Industrial Area (MIDC), Village: Navlakh, Umbre Taluka, District: Maval, Pune – 410507,
Maharashtra, India |
|
Tel. No.: |
91-2114-308100 |
|
Mobile No.: |
91-9767104962 (Mr. Swapnil) |
|
Fax No.: |
91-2114-308146/ 7 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Pashmylarm, Hyderabad, Telangana,, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Gwoang Gug Moon |
|
Designation : |
Managing director |
|
Address : |
Hotel Hyatt Regency Pune, Weikfield IT Park, Nagar Road, Pune - 411014, Maharashtra, India |
|
Date of Birth/Age : |
17.12.1965 |
|
Date of Appointment : |
19.02.2015 |
|
DIN No.: |
07102187 |
|
|
|
|
Name : |
Jae Doo Sung
Woo
Rho |
|
Designation : |
Director |
|
Address : |
B-6/7, Vasant Vihar, |
|
Date of Birth/Age : |
30.12.1966 |
|
Date of Appointment : |
02.05.2006 |
|
DIN No.: |
01770910 |
KEY EXECUTIVES
|
Name : |
Mr. Amit Digambar Kumbhare |
|
Designation : |
Secretary |
|
Address : |
A4/ 403, Shivsagar City, Anand Nagar, Sinhagad Road, Pune – 411051,
Maharashtra, India |
|
Date of Birth/Age : |
14.12.1982 |
|
Date of Appointment : |
21.02.2013 |
|
PAN No.: |
APGPK7935P |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
% of holding |
|
Posco Company Limited Korea |
74787132 |
65.00 |
|
LG International, Korea |
40275330 |
35.00 |
|
Total |
115062462 |
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 |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of import and processing of hot and cold roll steel. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
|
|
|
|
|
Auditors : |
|
|
Name : |
BBSR and Company Chartered Accountants |
|
Address : |
703, 7th Floor, Godrej Castlemaine, Next to Ruby Hall Clinic, Bund Garden Road, Pune – 411001, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAKFB4397F |
|
|
|
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Memberships : |
-- |
|
|
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|
Collaborators : |
-- |
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Holding company: |
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|
Fellow Subsidiary companies: |
CIN No.:U27100TN2009PTC071238
CIN No.:U27310HR2007PTC041978
CIN No.:U27100MH2009PTC190873
|
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives: |
|
|
|
|
|
Associate: |
CIN No.:U28910PN2009PTC135005
|
|
|
|
|
Subsidiary company: |
CIN No.:U51909PN2009PTC133416 |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
115062462 |
Equity Shares |
Rs.10/- each |
Rs. 1150.625 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
115062462 |
Equity Shares |
Rs.10/- each |
Rs. 1150.625
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
(PARTIAL DETAILS)
FINANCIAL POSITION
|
Particular |
31.03.2015 |
|
|
|
|
Share capital |
1150.625 |
|
Reserves and surplus |
(620.741) |
|
Long-term borrowings |
0.000 |
|
Gross fixed assets |
1520.858 |
|
Net fixed assets |
1411.475 |
|
Current assets |
8161.056 |
|
Current liabilities |
9353.049 |
|
Net current assets |
(1191.993) |
|
Capital employed |
434.651 |
|
Net worth |
529.884 |
|
Value added of company |
1099.324 |
|
Net revenue from operations of company |
20054.924 |
|
Profit before tax |
87.217 |
VALUE ADDITION AND DISTRIBUTION OF EARNINGS
|
Particular |
31.03.2015 |
|
|
|
|
Gross revenue from operations of company |
22285.002 |
|
Excise and other duties of company |
2230.077 |
|
Net revenue from operations of company for value addition |
20054.924 |
|
Export incentives of company |
0.000 |
|
Adjustments in work-in-progress and finished stocks of company |
38.175 |
|
Cost of materials consumed of company |
18976.411 |
|
Cost of process materials or chemicals of company |
0.000 |
|
Cost of stores and spares consumed of company |
0.000 |
|
Cost of utilities of company |
17.363 |
|
Cost of other bought out inputs of company |
0.000 |
|
Total cost of bought out inputs of company |
18993.775 |
|
Value added of company |
1099.324 |
|
Other incomes of company |
68.927 |
|
Extraordinary income |
0.000 |
|
Earnings available for distribution |
1168.251 |
|
To employees as salaries, wages, retirement benefits and others |
185.784 |
|
To shareholders as dividend |
0.000 |
|
Funds retained by company |
87.217 |
|
To government as taxes |
0.000 |
|
Extraordinary expenses |
0.000 |
|
Other distribution of earnings |
895.250 |
|
Total distribution of earnings |
1168.252 |
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 |
1150.625 |
1150.625 |
1150.624 |
|
(b) Reserves & Surplus |
(702.797) |
(138.025) |
142.955 |
|
(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) |
447.828 |
1012.600 |
1293.579 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
511.6 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
135.286 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
12.468 |
9.611 |
7.131 |
|
Total Non-current
Liabilities (3) |
12.468 |
9.611 |
654.017 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
4500.777 |
5737.263 |
4174.136 |
|
(b) Trade
payables |
4576.762 |
1999.393 |
1565.209 |
|
(c) Other
current liabilities |
107.765 |
80.153 |
96.141 |
|
(d) Short-term
provisions |
0.848 |
0.675 |
0.477 |
|
Total Current
Liabilities (4) |
9186.152 |
7817.484 |
5835.963 |
|
|
|
|
|
|
TOTAL |
9646.448 |
8839.695 |
7783.559 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
1489.098 |
1535.174 |
1583.239 |
|
(ii)
Intangible Assets |
7.223 |
8.030 |
1.651 |
|
(iii)
Capital work-in-progress |
0.242 |
0.404 |
1.297 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
260.915 |
260.915 |
222.978 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
71.391 |
60.524 |
84.148 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1828.869 |
1865.047 |
1893.313 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
3047.556 |
3010.164 |
2897.88 |
|
(c) Trade
receivables |
4267.541 |
3030.101 |
1983.725 |
|
(d) Cash
and cash equivalents |
67.670 |
497.565 |
551.798 |
|
(e)
Short-term loans and advances |
434.812 |
436.818 |
456.843 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
7817.579 |
6974.648 |
5890.246 |
|
|
|
|
|
|
TOTAL |
9646.448 |
8839.695 |
7783.559 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
15331.213 |
12872.445 |
8849.027 |
|
|
Other Income |
76.528 |
77.113 |
54.867 |
|
|
TOTAL
|
15407.741 |
12949.558 |
8903.894 |
|
|
|
|
|
|
|
Less |
TOTAL
EXPENSES |
15717.491 |
13085.945 |
9231.304 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(309.750) |
(136.387) |
(327.410) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
178.015 |
205.312 |
128.785 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(487.765) |
(341.699) |
(456.195) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
77.006 |
74.568 |
60.123 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(564.771) |
(416.267) |
(516.318) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
(135.287) |
19.232 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(564.771) |
(280.980) |
(535.550) |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
110.228 |
0.000 |
0.000 |
|
|
TOTAL
EARNINGS |
110.228 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(4.90) |
(2.44) |
(4.65) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
19.584 |
13.103 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
949.673 |
(1118.210) |
(603.327) |
|
Net cash flows from (used in) operating activities |
943.767 |
(1126.231) |
(630.472) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(3.68) |
(2.18) |
(6.05) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
(2.02) |
(1.06) |
(3.70) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(6.02) |
(4.85) |
(6.83) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(1.26) |
(0.41) |
(0.40) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
10.05 |
5.69 |
3.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.85 |
0.89 |
1.01 |
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 |
1150.624 |
1150.625 |
1150.625 |
|
Reserves & Surplus |
142.955 |
(138.025) |
(702.797) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1293.579 |
1012.600 |
447.828 |
|
|
|
|
|
|
long-term borrowings |
511.600 |
0.000 |
0.000 |
|
Short term borrowings |
4174.136 |
5737.263 |
4500.777 |
|
Current maturities of
long-term debts |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
4685.736 |
5737.263 |
4500.777 |
|
Debt/Equity
ratio |
3.622 |
5.666 |
10.050 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
8849.027 |
12872.445 |
15331.213 |
|
|
|
45.467 |
19.101 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
8849.027 |
12872.445 |
15331.213 |
|
Profit |
(535.550) |
(280.980) |
(564.771) |
|
|
(6.05)% |
(2.18)% |
(3.68)% |
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 |
No |
|
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 |
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 |
COMPANY OVERVIEW
The Company was incorporated on November 24, 2005. The Company is engaged in the business of import and processing of hot and cold roll steel.
NOTE: The Registered Office of the company has been shifted from Zenith
Complex, 4th Floor, Opposite Krishi Bhavan, Shivaji Nagar, Pune –
E-5, Maharashtra, India to the present address w.e.f. 01.11.2006.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
SHORT TERM
BORROWING |
|
|
|
Working Capital loans from banks |
460.761 |
0.000 |
|
Loans Repayable on demand |
4040.016 |
5737.263 |
|
Total |
4500.777 |
5737.263 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
- Leasehold
Land
- Factory
Office and Building
- Plant and
Machinery
- Furniture and
Fixtures
- Computer and
Office Equipment
- Motor
Vehicles
- 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.66.11 |
|
|
1 |
Rs.100.51 |
|
Euro |
1 |
Rs70.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
KSH |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
41 |
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.