MIRA INFORM REPORT

 

 

Report No. :

343582

Report Date :

05.09.2015

 

IDENTIFICATION DETAILS

 

Name :

SMS INDIA PRIVATE LIMITED

 

 

Registered Office :

B-402, Somdutt Chambers-1, 5, Bhikaji Cama Place, New Delhi-110066

Tel. No.:

91-124-4351500

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

17.03.1994

 

 

Com. Reg. No.:

55-117043

 

 

Capital Investment / Paid-up Capital :

Rs. 10.015 Million

 

 

CIN No.:

[Company Identification No.]

U74140DL1994PTC117043

 

 

IEC No.:

0394013506

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AABCS8348B

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Construction of Steel Plants.

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A (67)

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

USD 12321100

 

 

Status :

Good 

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject is a subsidiary of SMS Siemag AG, Germany, incorporated in the year 1994.

 

For the financial year ended 2014, the company has healthy operational activity and achieved a turnover of Rs. 6594.833 Million as compared to Rs 6092.762 Million in previous year along with profitability margin of 9.3%.

 

The company has strong financial base marked by adequate net worth base along with zero debt balance sheet profile.

 

Trade relations are fair. Business is active. Payments are regular and as per commitment.

 

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

 

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.

 

 

LOCATIONS

 

Registered Office :

B-402, Somdutt Chambers-1, 5, Bhikaji Cama Place, New Delhi-110066, India

Tel. No.:

Not Available

Fax No.:

Not Available

E-Mail :

sms-siemag@in.sms-siemag.com

Website :

www.sms-group.com

 

 

Branch Office 1 :

286, Udyog Vihar, Phrase II, Gurgaon-122016, Haryana India

Tel. No.:

91-124-4351500

Fax No.:

91-124-4351603

E-Mail :

sms-siemag@in.sms-siemag.com

 

 

Branch Office 2 :

Plot No. 70, Sector-A, Zone-D Mancheswar Industrial Estate, Bhubaneshwar, Orissa, India

 

 

Other Branch Offices :

Located at:

 

·         Pune

·         Kolkata

 

 

Factory :

Plot. No. A/26, Khurda Industrial Estate, Bhubaneshwar, Orissa, India

Tel. No.:

91-124-4351775

Fax No.:

91-124-4351703

E-Mail :

manoranjan.mishra@in.sms-siemag.com

 

 

DIRECTORS

 

AS ON 29.09.2014

 

Name :

Mr. Sankaran Ravi Shankar

Designation :

Director

Address :

127D, Pocket-I, Phase-I, Mayur Vihar, Delhi-110091, Delhi, India

Date of Birth/Age :

10.07.1961

Qualification :

Chartered Accountant

Experience :

32 Years

Date of Appointment :

23.01.2007

PAN No.:

AAOPS3396R

DIN No.:

01278720

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

Company/ LLP Status

Defaulting status

1

U74140DL1994PTC117043

SMS INDIA PRIVATE LIMITED

Director

23/01/2007

23/01/2007

Active

NO

2

U29999PN1998PTC012625

SMS CONCAST ENGINEERING (INDIA) PRIVATE LIMITED

Director

23/06/2009

26/03/2009

Active

NO

3

U51420DL1989PTC122000

SMS IRON TECHNOLOGY PRIVATE LIMITED

Director

29/09/2014

12/03/2014

Active

NO

 

 

Name :

Mr. Reiner Kulchen

Designation :

Director

Address :

Flunnertzdyk, 360D, Krefeld, 047802, Germany

Date of Birth/Age :

31.07.1963

Date of Appointment :

20.10.2008

DIN No.:

02328250

 

 

Name :

Mr. Guido Kleinschmidt

Designation :

Director

Address :

Am Domacker 25,47447, Moers, 47447, Germany

Date of Birth/Age :

28.10.1968

Date of Appointment :

04.06.2012

DIN No.:

05283021

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

Company/ LLP Status

Defaulting status

1

U51420DL1989PTC122000

SMS IRON TECHNOLOGY PRIVATE LIMITED

Director

04/06/2012

04/06/2012

Active

NO

2

U74140DL1994PTC117043

SMS INDIA PRIVATE LIMITED

Director

04/06/2012

04/06/2012

Active

NO

 

 

Name :

Mr. Marcel Fasswald

Designation :

Additional Director

Address :

KH. NO. 1080, Oak Drive, Chatterpur, Delhi-110030, Delhi, India

Date of Birth/Age :

15.11.1969

Qualification :

Diploma Engineer (Equivalent To M. Tech)

Date of Appointment :

21.07.2015

PAN No.:

AAKPF5089Q

DIN No.:

00140134

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

U74140DL1994PTC117043

SMS INDIA PRIVATE LIMITED

Additional director

21/07/2015

17/05/2005

-

Active

NO

2

U51420DL1989PTC122000

SMS IRON TECHNOLOGY PRIVATE LIMITED

Director

09/03/2007

09/03/2007

31/03/2014

Active

NO

3

U27203WB2008FTC123612

SMS MEER INDIA PRIVATE LIMITED

Director

30/09/2014

21/05/2014

-

Active

NO

 

 

Name :

Mr. Torsten Reiner Heising

Designation :

Additional Director

Address :

8, Pflegerbauerstrasse, Munchen, 81925, Germany

Date of Appointment :

21.07.2015

DIN No.:

01887085

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

U27203WB2008FTC123612

SMS MEER INDIA PRIVATE LIMITED

Director

30/09/2013

05/03/2008

21/05/2014

Active

NO

2

U29253MH2011PTC214727

BBM Heavy Machinery Private Limited

Additional director

24/08/2011

24/08/2011

-

Active

NO

3

U74140DL1994PTC117043

SMS INDIA PRIVATE LIMITED

Additional director

21/07/2015

21/07/2015

-

Active

NO

 

 

Name :

Mr. Ulrich Greiner Pachter

Designation :

Director

Address :

Flat No. K-141, Park Towers, Park Place, DLF Phase V, Gurgaon, 122002, Haryana, India

Date of Birth/Age :

07.12.1963

Date of Appointment :

29.09.2014

DIN No.:

06934800

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

Company/ LLP Status

Defaulting status

1

U74140DL1994PTC117043

SMS INDIA PRIVATE LIMITED

Director

29/09/2014

01/08/2014

Active

NO

 

 

Name :

Mr. Christian Matthias Klein

Designation :

Director

Address :

Hotel The Leela Kempinski, Gurgaon-122002, Haryana, India

Date of Birth/Age :

18.03.1966

Date of Appointment :

29.09.2014

PAN No.:

DSTPK1700D

DIN No.:

06934837

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

Company/ LLP Status

Defaulting status

1

U74140DL1994PTC117043

SMS INDIA PRIVATE LIMITED

Director

29/09/2014

31/03/2014

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Manish Sinha

Designation :

Secretary

Address :

F-5, Module-11, Mangalam Homez, Abhay Khand-III, Indirapuram, Ghaziabad- 201010, Uttar Pradesh, India

Date of Birth/Age :

10.03.1975

Date of Appointment :

09.03.2007

PAN No.:

ASPPS8157F

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 29.09.2014

 

Names of Shareholders

 

No. of Shares

 

Dodsal Enterprises Private Limited, India

 

5350

SMS Siemag AG, Germany

 

94666

Rajen A. Kilachand

 

130

SMS Sack Verwaltun GS GmbH, Germany

 

1

SMS Meer GmbH, Germany

 

1

SMS  Mevac GmbH, Germany

 

1

Burkhard Dahmen with SMS  Siemag AG, Germany

 

1

Total

 

100150

 

 

AS ON 29.09.2014

 

Equity Share Breakup

Percentage of Holding

Category

 

Bodies corporate

99.87

Other top fifty shareholders

0.13

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Construction of Steel Plants.

 

 

Products :

--

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

Not Available

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Available

Name of the Person (Designation):

Not Available

Contact Number:

Not Available

Since how long known:

Not Available

Maximum limit dealt:

Not Available

Experience:

Not Available

Remark

Not Available

 

 

Customers :

Reference:

Not Available

Name of the Person (Designation):

Not Available

Contact Number:

Not Available

Since how long known:

Not Available

Maximum limit dealt:

Not Available

Experience:

Not Available

Remark

Not Available

 

 

No. of Employees :

Not Available

 

 

Bankers :

Bank Name:

Not Available

Branch:

Not Available

Person Name (with Designation):

Not Available

Contact Number:

Not Available

Name of Account Holder:

Not Available

Account Number:

Not Available

Account Since (Date/ Year of A/c Opening):

Not Available

Average Balance Maintained (Optional):

Not Available

Credit Facilities Enjoyed (CC/OD/Term Loan):

Not Available

Account Operation:

Not Available

Remarks:

Not Available

 

 

Facilities :

--

 

Banking Relations :

--

 

 

Auditors :

 

Name :

M Z S K and Associates

Chartered Accountants

Address :

10th Floor, Spaze I- Tech Park, Tower-A, Sector-49, Sohna Road, Gurgaon - 122018, Haryana, India

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

AACFK3470E

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Holding Company:

SMS Siemag AG, Germany

 

 

Ultimate Holding Company:

SMS GmbH, Germany

 

 

Fellow Subsidiary Company :

·         SMS Iron Technology Private Limited, India

·         SMS Meer India Private Limited, India

·         SMS Mevac UK Limited

·         SMS Concast AG, Germany

·         SMS Concast Engineering (I) Private Limited, India

·         SMS Siemag Technology Company Limited, China

·         Esmech Equipments Private Limited, India

·         SMS Siemag LLC, United States

·         Sidernaval Equipos Siderurgicos

·         SMS Siemag Technology (Beijing) Company Limited, China

·         Paul Wurth India Private Limited, India

·         SMS Millcraft LLC

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1500000

Equity Shares

Rs. 100/- each

Rs. 150.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

100150

Equity Shares

Rs. 100/- each

Rs. 10.015 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

10.015

10.015

10.015

(b) Reserves & Surplus

4302.372

3682.819

2932.653

(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)

4312.387

3692.834

2942.668

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

1935.042

2078.665

4069.910

(d) long-term provisions

1263.393

850.146

869.953

Total Non-current Liabilities (3)

3198.435

2928.811

4939.863

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

970.495

825.413

1114.710

(c) Other current liabilities

5620.046

6391.380

4075.012

(d) Short-term provisions

860.330

702.638

477.411

Total Current Liabilities (4)

7450.871

7919.431

5667.133

 

 

 

 

TOTAL

14961.693

14541.076

13549.664

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

1864.051

1919.602

1756.127

(ii) Intangible Assets

74.975

79.246

77.097

(iii) Capital work-in-progress

1030.571

22.655

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)

626.510

463.186

426.631

(d)  Long-term Loan and Advances

145.385

138.587

48.954

(e) Other Non-current assets

1449.820

2224.071

2684.778

Total Non-Current Assets

5191.312

4847.347

4993.587

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

67.266

31.542

38.803

(c) Trade receivables

4592.400

3975.303

3771.322

(d) Cash and cash equivalents

4272.392

4593.406

3425.220

(e) Short-term loans and advances

503.828

502.768

555.366

(f) Other current assets

334.495

590.710

765.366

Total Current Assets

9770.381

9693.729

8556.077

 

 

 

 

TOTAL

14961.693

14541.076

13549.664

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Sales and Services

6594.833

6092.762

6192.238

 

 

Other Income

NA

NA

NA

 

 

TOTAL                                     (A)

NA

NA

NA

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                     (B)

NA

NA

NA

 

 

 

 

 

 

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)     (C)

652.847

820.376

959.342

 

 

 

 

 

Add/ Less

FINANCIAL EXPENSES (NET INTEREST)         (D)

(379.058)

(392.193)

(262.864)

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                                       (E)

1031.905

1212.569

1222.206

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

116.101

107.424

75.124

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                              (G)

915.804

1105.145

1147.082

 

 

 

 

 

Less

TAX                                                                  (H)

296.251

354.980

391.724

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

619.553

750.165

755.358

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

2931.906

2181.740

1426.382

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

3551.459

2931.905

2181.740

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Service Charges and Engineering Fees

378.361

415.735

545.685

 

 

Others

6.191

0.000

16.351

 

 

Sale of fixed assets

0.000

2.096

0.000

 

TOTAL EARNINGS

384.552

417.831

562.036

 

 

 

 

 

 

Earnings Per Share (Rs.)

6186.25

7490.42

7542.27

 

 

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

1141.386

1988.952

1924.645

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

9.39

12.31

12.20

 

 

 

 

 

Operating Profit Margin

(PBDIT/Sales)

(%)

9.90

13.46

15.49

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

6.88

7.86

8.74

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.21

0.30

0.39

 

 

 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

0.00

0.00

0.00

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.31

1.22

1.51

 

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

 

 

 

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

10.015

10.015

10.015

Reserves & Surplus

2932.653

3682.819

4302.372

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

2942.668

3692.834

4312.387

 

 

 

 

Long-term borrowings

0.000

0.000

0.000

Short term borrowings

0.000

0.000

0.000

Total borrowings

0.000

0.000

0.000

Debt/Equity ratio

0.000

0.000

0.000

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales and Services

6192.238

6092.762

6594.833

 

 

(1.606)

8.240

 

 

 

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 and Services

6192.238

6092.762

6594.833

Profit

755.358

750.165

619.553

 

12.20%

12.31%

9.39%

 

 

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

No

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

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

No

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: NO CHARGES EXIST FOR COMPANY

 

 

YEAR IN RETROSPECT AND NEW PROJECTS AND EXPANSION

 

During the year, Orders worth INR 2,414.012Million (Euro 29.21 Million) were booked by the Company including orders received for Engineering from ALK,ASA and AAM division of the parent company. Notable among these were orders of JSW Steel for Slab Conditioning Line and Tata Steel for RH Revamp.

 

Order worth INR 4180 Million (Euro 50.57 Million) were satisfactorily completed and the facilities commissioned to the satisfaction of the customer.

 


CHANGE OF ADDRESS:

 

The Registered Office of the company has been shifted from New Delhi-110019, India to the present address w.e.f 16.01.2007

 

 

FIXED ASSETS:

 

Tangible Assets

 

·         Land

·         Buildings

·         Plant and Equipment

·         Furniture and Fixtures

·         Vehicles

·         Office Equipment

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, 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. 65.55

UK Pound

1

Rs. 99.17

Euro

1

Rs. 73.08

 

 

INFORMATION DETAILS

 

Analysis Done by :

TRI

 

 

Report Prepared by :

IND

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

8

PAID-UP CAPITAL

1~10

7

OPERATING SCALE

1~10

7

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

8

--PROFITABILIRY

1~10

7

--LIQUIDITY

1~10

7

--LEVERAGE

1~10

7

--RESERVES

1~10

8

--CREDIT LINES

1~10

8

--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

 

67

 

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.