MIRA INFORM REPORT
|
Report No. : |
350876 |
|
Report Date : |
24.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
MACAWBER BEEKAY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Beekay House, C-450-451, Sector-10, Noida-201301, Uttar Pradesh |
|
Tel. No.: |
91-120-4507700/ 3007700 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
20.12.1984 |
|
|
|
|
Com. Reg. No.: |
20-068715 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 110.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909UP1984PTC068715 |
|
|
|
|
IEC No.: |
0588103594 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM0332L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Material Handling Machines
and Systems, Coal and Lime Handling Systems, Ash Handling Systems, Pneumatic
Mill Rejects Handling System. |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 3894100 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary company of “BSBK Engineers private Limited, New
Delhi”. During the year 2014, “Clude Bergemann Materials Handling Limited,
U.K.”, a joint venture partner has exited from the company by selling of its
entire 40% equity stake to an Indian Company. The rating takes into consideration sound financial risk profile of
the company marked by decent networth base along with comfortable debt level. However, the company has reported decrease in its sales turnover along
with thin profit margin in the year under consideration. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. In view of aforesaid, the company can be considered for business
dealings with 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 |
Long Term Rating=BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk |
|
Date |
13.02.2015 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating=A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
13.02.2015 |
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 BY
|
Name : |
Mr. Pawan Gupta |
|
Designation : |
Deputy General Manager |
|
Contact No.: |
91-120-4507700 |
|
Date : |
23.11.2015 |
LOCATIONS
|
Registered/ Corporate Office : |
Beekay House, C-450-451, Sector-10, Noida-201301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4507700/ 3007700 |
|
Fax No.: |
91-120-4507777/ 3007777 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Regional Offices : |
KB-25, 4th Floor, Sector III, Salt Lake City, Kolkata -
700098, West Bengal, India |
|
Tel. No.: |
91-33-30923092 |
|
Fax No.: |
91-33-30923000 |
|
|
|
|
Factory 1: |
Plot No. 27-I and J, Eecotech-I. Sector-31, Greater Noida,
District:
Gautam Budh Nagar – 201308, Uttar Pradesh,
India |
|
Tel. No.: |
91-120-4507700/ 3007700 |
|
Fax No.: |
91-120-4507777/ 3007777 |
|
|
|
|
Factory 2: |
Plot No. SP3-7(A), RICCO Industrial Area, Keshwana, Behror
Kotputli, Section, NH-8 District: Jaipur – 303108,
Rajasthan, India |
|
Tel. No.: |
91-1421-286201 |
DIRECTORS
AS ON 29.11.2014
|
Name : |
Mr. Ajay Kumar Gupta |
|
Designation : |
Managing director |
|
Address : |
C-4/43, S.D.A., Hauz Khas, New Delhi-110016, India |
|
Date of Birth/Age : |
10.05.1948 |
|
Date of Appointment : |
20.12.1984 |
|
PAN No.: |
AAAPK8085H |
|
DIN No.: |
00207974 |
|
|
|
|
Name : |
Mr. Rohit Kumar Gupta |
|
Designation : |
Whole-time director |
|
Address : |
C-5/27 S.D.A., New Delhi-110016, India |
|
Date of Birth/Age : |
19.04.1952 |
|
Date of Appointment : |
20.12.1984 |
|
PAN No.: |
AAHPG0923D |
|
DIN No.: |
00208112 |
|
|
|
|
Name : |
Mr. Karan Gupta |
|
Designation : |
Director |
|
Address : |
C-4/43 S.D.A., Hauz Khas, New Delhi, 110016, India |
|
Date of Birth/Age : |
20.11.1978 |
|
Date of Appointment : |
01.01.2002 |
|
PAN No.: |
AAHPG5051C |
|
DIN No.: |
00208215 |
|
|
|
|
Name : |
Mr. Gautam Gupta |
|
Designation : |
Director |
|
Address : |
C-4/43, S.D.A., Hauz Khas, New Delhi-110016, India |
|
Date of Birth/Age : |
29.04.1977 |
|
Date of Appointment : |
01.04.2005 |
|
PAN No.: |
AAGPG1963J |
|
DIN No.: |
00208352 |
KEY EXECUTIVES
|
Name : |
Mr. Vikash Kumar |
|
Designation : |
Secretary |
|
Address : |
H-19-C, Near Sanjay Park, Shakarpur, Delhi-110092, India |
|
Date of Birth/Age : |
10.06.1983 |
|
Date of Appointment : |
03.05.2010 |
|
PAN No.: |
AZSPK3405G |
|
|
|
|
Name : |
Mr. Pawan Gupta |
|
Designation : |
Deputy General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.11.2014
|
Names of Shareholders |
|
No. of Shares |
|
Ajay Kumar |
|
3140 |
|
Karan Gupta |
|
1570 |
|
Gautam Gupta |
|
1570 |
|
Neera Gupta |
|
1570 |
|
BSBK Engineers Private Limited, India |
|
6592150 |
|
Ecopulse Infra Private Limited, India |
|
4400000 |
|
Total |
|
11000000 |
AS ON 29.11.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
99.93 |
|
Directors
or relatives of directors |
0.07 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Material Handling Machines
and Systems, Coal and Lime Handling Systems, Ash Handling Systems, Pneumatic
Mill Rejects Handling System. |
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|
|
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|
Products : |
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Brand Names : |
-- |
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|
||||
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Agencies Held : |
-- |
||||
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||||
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Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Bankers : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
RRCA and Associates Chartered Accountants |
|
Address : |
505A, 5th Floor, D-4, Rectangle-1, District Centre, Saket,
New Delhi-110017, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAKFR6727K |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding Company : |
BSBK
Engineers Private Limited, India (U74900DL2008PTC174671) |
|
|
|
|
Enterprises which are owned, or have significant influence of or are
partners with Key management personnel and their relatives : |
·
Amber Promoters Private Limited, India
(U70100DL1994PTC061643) ·
Clyde Bergemann Beekay India Private
Limited, India (U29220DL2009PTC196949) ·
Clyde Bergemann Africa (pty) Limited.,
South Africa ·
Clyde Bergemann Ep Tech, Italy ·
N A Leasing and Credit Private Limited,
India (U74899DL1995PTC073448) |
|
|
|
|
Other Related Party : |
Clyde
Bergemann Materials Handling Limited, United Kingdom |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 300.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 110.000
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 |
110.000 |
110.000 |
110.000 |
|
(b) Reserves & Surplus |
1252.940 |
1219.070 |
1166.640 |
|
(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) |
1362.940 |
1329.070 |
1276.640 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
2.860 |
5.550 |
11.190 |
|
(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 |
7.220 |
5.990 |
4.000 |
|
Total
Non-current Liabilities (3) |
10.080 |
11.540 |
15.190 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
1488.160 |
1405.690 |
1682.530 |
|
(b)
Trade payables |
1011.600 |
941.020 |
1242.800 |
|
(c)
Other current liabilities |
938.430 |
1153.990 |
1161.710 |
|
(d)
Short-term provisions |
15.820 |
19.680 |
49.330 |
|
Total
Current Liabilities (4) |
3454.010 |
3520.380 |
4136.370 |
|
|
|
|
|
|
TOTAL |
4827.030 |
4860.990 |
5428.200 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
202.920 |
239.330 |
279.810 |
|
(ii)
Intangible Assets |
24.220 |
34.860 |
42.300 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(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) |
74.030 |
59.530 |
26.500 |
|
(d) Long-term Loan
and Advances |
43.380 |
47.980 |
48.290 |
|
(e)
Other Non-current assets |
128.660 |
43.340 |
71.390 |
|
Total
Non-Current Assets |
473.210 |
425.040 |
468.290 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
282.630 |
406.680 |
390.090 |
|
(c)
Trade receivables |
3688.630 |
3534.150 |
4035.720 |
|
(d)
Cash and cash equivalents |
122.420 |
207.730 |
159.110 |
|
(e)
Short-term loans and advances |
182.930 |
185.430 |
207.240 |
|
(f)
Other current assets |
77.210 |
101.960 |
167.750 |
|
Total
Current Assets |
4353.820 |
4435.950 |
4959.910 |
|
|
|
|
|
|
TOTAL |
4827.030 |
4860.990 |
5428.200 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
4588.220 |
5220.580 |
7257.040 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
4531.350 |
5142.180 |
6793.150 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
56.870 |
78.400 |
463.890 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
23.000 |
25.970 |
153.060 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
33.870 |
52.430 |
310.830 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
1009.070 |
956.640 |
645.810 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1042.940 |
1009.070 |
956.640 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB
value of Exports of Goods |
25.290 |
10.820 |
10.210 |
|
|
TOTAL EARNINGS |
25.290 |
10.820 |
10.210 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
136.190 |
65.800 |
423.14 |
|
|
|
Capital Goods |
0.000 |
2.420 |
26.680 |
|
|
TOTAL IMPORTS |
136.190 |
68.220 |
449.820 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.08 |
4.77 |
28.26 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
1.940 |
6.870 |
7.210 |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from (used in) Operations |
101.610 |
594.560 |
(524.300) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.20 |
1.63 |
8.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.06 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.10 |
1.07 |
1.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26 |
1.26 |
1.20 |
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 |
110.000 |
110.000 |
110.000 |
|
Reserves & Surplus |
1166.640 |
1219.070 |
1252.940 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1276.640 |
1329.070 |
1362.940 |
|
|
|
|
|
|
Long-term borrowings |
11.190 |
5.550 |
2.860 |
|
Short term borrowings |
1682.530 |
1405.690 |
1488.160 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
7.210 |
6.870 |
1.940 |
|
Total
borrowings |
1700.930 |
1418.110 |
1492.960 |
|
Debt/Equity
ratio |
1.332 |
1.067 |
1.095 |
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 |
7257.040 |
5220.580 |
4588.220 |
|
|
|
(28.062) |
(12.113) |
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 |
7257.040 |
5220.580 |
4588.220 |
|
Profit |
310.830 |
52.430 |
33.870 |
|
|
4.28% |
1.00% |
0.74% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10600793 |
28/09/2015 |
7,500,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE,, SENAPATI
BAPAT MARG,LOWER PAREL |
C69241057 |
|
2 |
10582772 |
10/06/2015 |
1,100,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG,LOWER PAREL |
C60175767 |
|
3 |
10582771 |
29/05/2015 |
950,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG,LOWER PAREL |
C60175452 |
|
4 |
10582769 |
12/05/2015 |
1,360,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE,,
SENAPATI BAPAT MARG,LOWER PAREL |
C60175049 |
|
5 |
10580905 |
29/04/2015 |
1,360,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE,,
SENAPATI BAPAT MARG,LOWER PAREL |
C59358556 |
|
6 |
10580904 |
01/04/2015 |
1,360,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG,LOWER PAREL |
C59358416 |
|
7 |
10144220 |
06/09/2013 * |
6,800,000,000.00 |
SYNDICATE BANK (LEAD BANK) |
2, KAUSHALYA PARK,,
HAUZ KHAS,, NEW DELHI, DELHI |
B86090263 |
|
8 |
10144255 |
06/09/2013 * |
7,000,000,000.00 |
SYNDICATE BANK (LEAD BANK) |
2, KAUSHALYA PARK,,
HAUZ KHAS,, NEW DELHI, DELHI |
B86090628 |
* Date of charge modification
REVIEW OF OPERATIONS :
During the year, the
Company has recorded a turnover of Rs. 4,588.220 million, a decrease of about 12.11%
against Rs. 5,220.580 million achieved during the previous year. The Net Profit
after tax for the year is Rs. 33.87 million as against Rs. 52.430 million of
the previous year. The Indian Power Sector is witnessing a slowdown since last
two years. Issues of coal linkage, environmental clearances, land acquisition
and fund constraints have resulted in non-finalization of new projects,
especially in the private sector and some of the ongoing projects are on a slow
execution path.
The directors express their
satisfaction over the performance of the Company during the financial year,
particularly in the adverse economic scenario and volatile regulatory policy in
power sector which had impacted order intake and poor debtors realization which
had significantly impacted in the turnover and profitability of the company.
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. 66.35 |
|
|
1 |
Rs. 100.66 |
|
Euro |
1 |
Rs. 70.47 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
IND |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.