MIRA INFORM REPORT
|
Report No. : |
344344 |
|
Report Date : |
09.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
SYSCO INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
206, Rajhans Complex, Civil Char Rasta, Near Nirmal Childran Hospital,
Ring Road, Surat-395002, Gujarat |
|
Tel. No.: |
91-261-2310901/ / 2337750 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
01.09.2009 |
|
|
|
|
Com. Reg. No.: |
04-057954 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 28.872 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25200GJ2009PTC057954 |
|
|
|
|
IEC No.: |
5210010988 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTS10588E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AANCS3652A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Packaging Films and Foils, Coated Film, DG Coated Film,
Embroidery Yarn and Glitter Film. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject was incorporated in the year 2009 engaged in the manufacturing
of packaging films, coated films and glitter films etc. For the financial year ended 2014, sales turnover of the company has
slightly declined by 4.90% as compared to previous year sales turnover but it
has maintained above average profitability margins at 3.63% during the year
under a review. Rating also takes into consideration company’s satisfactory financial
profile marked by sound net worth base and favourable debt protection indicators. Trade relations are fair. Business is active. 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.
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.
INFORMATION PARTED BY
|
Name : |
Mr. Siddharth Bharatbhushan Jain |
|
Designation : |
Director |
|
Contact No.: |
91-9825100055 |
|
Date : |
08.10.2015 |
LOCATIONS
|
Registered Office : |
206, Rajhans Complex, Civil Char Rasta, Near Nirmal Childran Hospital,
Ring Road, Surat-395002, Gujarat, India |
|
Tel. No.: |
91-261-2310901/ 2337750 |
|
Mobile No.: |
91-9825100055 (Siddharth Bharatbhushan Jain) |
|
Fax No.: |
91-261-2310901 |
|
E-Mail : |
|
|
Website : |
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|
Area : |
1500 Sq. Ft |
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Factory : |
Plot No. A and B, Block No.100, Kim Olpad Road, Village: Mota Borsara,
Taluka: Mangrol, District: Surat-394110, Gujarat, India |
|
Tel. No.: |
91-2621-290990 |
|
E-Mail : |
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|
|
|
|
Correspondance Office : |
207/B Rajhans Complex, Civil Char Rasta, Near Nirmal Childran
Hospital, Ring Road, Surat-395002, Gujarat, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Siddharth Bharatbhushan Jain |
|
Designation : |
Director |
|
Address : |
23, Vasundhara Society,, Near Big Bazzar,Vesu,
Surat-395007, Gujarat, India |
|
Date of Birth/Age : |
04.10.1978 |
|
Date of Appointment : |
01.09.2009 |
|
DIN No.: |
01316766 |
|
|
|
|
Name : |
Mr. Sourabh Bharatbhushan Jain |
|
Designation : |
Director |
|
Address : |
23 Samrudhi Vasyndhara Society, Vesu Dumas Road Lancer
Army School Vesu, Surat-395007, Gujarat, India |
|
Date of Birth/Age : |
23.09.1975 |
|
Date of Appointment : |
01.09.2009 |
|
DIN No.: |
02441361 |
|
|
|
|
Name : |
Mr. Bharatbhushan Jain |
|
Designation : |
Additional director |
|
Address : |
23 Vasundhara Society Vesu, Vesu, Ta Choryasi,
Surat-395007, Gujarat, India |
|
Date of Birth/Age : |
25.11.1949 |
|
Date of Appointment : |
12.07.2014 |
|
DIN No.: |
06908960 |
|
|
|
|
Name : |
Mr. Samir Banerjee |
|
Designation : |
Additional director |
|
Address : |
S-39, Greater Kailash, Part II, New Delhi-110048, Delhi,
India |
|
Date of Appointment : |
01.10.2014 |
|
DIN No.: |
00011754 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Siddharth B Jain |
|
620952 |
|
Saurabh B Jain |
|
696828 |
|
Siddharth B Jain HUF |
|
253300 |
|
Saurabh B Jain HUF |
|
258900 |
|
Bharat Bhushan Jain |
|
560620 |
|
Bharat Bhushan Jain HUF |
|
391400 |
|
Varkha Jain |
|
250500 |
|
Priyanka S Jain |
|
250300 |
|
Shashi B Jain |
|
253800 |
|
Shobhit A Gupta |
|
22000 |
|
Sanket Agro Private Limited, India |
|
14000 |
|
Shri Govind Prints Private Limited, India |
|
46000 |
|
Shree Chemo Dyes Limited, India |
|
177000 |
|
Sarla |
|
100 |
|
Shakuntala |
|
100 |
|
Champion Synthetics Private Limited, India |
|
24000 |
|
Total |
|
3819800 |
AS ON 16.01.2015
|
Names of Allottees |
|
No. of Shares |
|
Bharat Bhushan Jain |
|
6000 |
|
Total |
|
6000 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
6.83 |
|
Directors
or relatives of directors |
92.59 |
|
Other
top fifty shareholders |
0.58 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Packaging Films and Foils, Coated Film, DG Coated
Film, Embroidery Yarn and Glitter Film. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
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Exports : |
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Products : |
-- |
|
Countries : |
-- |
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Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
USA |
|
|
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|
Terms : |
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|
Selling : |
Cash and Credit (30 days, 60 days and 90 days) |
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|
|
|
Purchasing : |
Cash and Credit (30 days, 60 days and 90 days) |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users and OEMs
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No. of Employees : |
150 (Approximately) |
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Bankers : |
·
Bank of Baroda Khatodra
Branch, Surat, Gujarat, India · HDFC Bank Limited |
|||||||||||||||||||||||||||||||||
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Facilities : |
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|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Adukia and Company Chartered Accountants |
|
Address : |
Shobha Kunj B/6, Gokul Row House Parle Point, Surat-395007,
Gujarat, India |
|
Tel. No.: |
91-261-2435150/ 2413208 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
ABAPP6887G |
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|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
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|
|
|
Entities having significant influence : |
· Sysco India Private Limited · Pratap Associates |
CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised Capital : Rs. 40.000
Million
Issued, Subscribed & Paid-up Capital : Rs. 38.558 Million
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 40.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,819,800 |
Equity Shares |
Rs. 10/- each |
Rs. 38.198
Million |
|
|
|
|
|
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 40.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2887200 |
Equity Shares |
Rs. 10/- each |
Rs. 28.872
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 |
28.872 |
24.616 |
19.867 |
|
(b) Reserves & Surplus |
138.450 |
105.540 |
79.162 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
7.500 |
0.000 |
9.175 |
|
Total
Shareholders’ Funds (1) + (2) |
174.822 |
130.156 |
108.204 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
129.173 |
158.565 |
114.288 |
|
(b) Deferred tax liabilities (Net) |
11.949 |
6.671 |
0.053 |
|
(c)
Other long term liabilities |
18.694 |
3.554 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
159.816 |
168.790 |
114.341 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
117.750 |
90.787 |
55.896 |
|
(b)
Trade payables |
26.542 |
43.610 |
11.544 |
|
(c)
Other current liabilities |
34.579 |
28.210 |
24.053 |
|
(d)
Short-term provisions |
4.577 |
4.699 |
0.618 |
|
Total
Current Liabilities (4) |
183.448 |
167.306 |
92.111 |
|
|
|
|
|
|
TOTAL |
518.086 |
466.252 |
314.656 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
179.418 |
186.394 |
121.051 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
90.705 |
2.953 |
58.172 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
0.000 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
3.470 |
3.322 |
3.536 |
|
Total
Non-Current Assets |
273.593 |
192.669 |
182.759 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
84.783 |
60.991 |
55.855 |
|
(c)
Trade receivables |
128.092 |
182.167 |
39.289 |
|
(d)
Cash and cash equivalents |
10.909 |
11.447 |
10.263 |
|
(e)
Short-term loans and advances |
20.709 |
13.378 |
26.490 |
|
(f)
Other current assets |
0.000 |
5.600 |
0.000 |
|
Total
Current Assets |
244.493 |
273.583 |
131.897 |
|
|
|
|
|
|
TOTAL |
518.086 |
466.252 |
314.656 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
436.043 |
458.946 |
66.287 |
|
|
|
Other Income |
1.118 |
0.945 |
0.138 |
|
|
|
TOTAL |
437.161 |
459.891 |
66.425 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
283.577 |
238.076 |
72.911 |
|
|
|
Purchases of Stock-in-Trade |
76.945 |
127.655 |
0.000 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(24.584) |
6.884 |
(25.910) |
|
|
|
Employees benefits expense |
15.522 |
16.616 |
3.247 |
|
|
|
Other expenses |
36.092 |
22.584 |
5.447 |
|
|
|
TOTAL |
387.552 |
411.815 |
55.695 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
49.609 |
48.076 |
10.730 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
23.618 |
23.988 |
3.704 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
25.991 |
24.088 |
7.026 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
8.194 |
9.782 |
6.855 |
|
|
|
|
|
|
|
|
|
Add: |
EXCEPTIONAL ITEMS -Depreciation Written Back due
to change in depreciation method from WDV to SLM |
0.000 |
3.537 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
17.797 |
17.843 |
0.171 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.911 |
10.462 |
0.087 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
15.886 |
7.381 |
0.084 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
0.000 |
0.000 |
0.414 |
|
|
|
Capital Goods |
57.884 |
0.000 |
39.996 |
|
|
TOTAL IMPORTS |
57.884 |
0.000 |
40.410 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
5.50 |
3.00 |
0.04 |
|
|
|
Diluted |
5.27 |
3.00 |
0.04 |
|
|
PARTICULARS |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
40.000 |
|
|
|
|
|
The above information has been parted by Mr. Siddharth Bharatbhushan
Jain (Director)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current
Maturities of Long term debt |
|
|
|
|
Term Loan from SBI |
31.500 |
24.000 |
24.000 |
|
Term Loan from HDFC Bank |
2.421 |
2.421 |
0.000 |
|
Total |
33.921 |
26.421 |
24.000 |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from used in Operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.64 |
1.61 |
0.13 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
11.38 |
10.48 |
16.19 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.16 |
3.85 |
0.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.14 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.61 |
2.12 |
1.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.33 |
1.64 |
1.43 |
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 |
19.867 |
24.616 |
28.872 |
|
Reserves & Surplus |
79.162 |
105.540 |
138.450 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
9.175 |
0.000 |
7.500 |
|
Net
worth |
108.204 |
130.156 |
174.822 |
|
|
|
|
|
|
Long-term borrowings |
114.288 |
158.565 |
129.173 |
|
Short term borrowings |
55.896 |
90.787 |
117.750 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
24.000 |
26.421 |
33.921 |
|
Total
borrowings |
194.184 |
275.773 |
280.844 |
|
Debt/Equity
ratio |
1.795 |
2.119 |
1.606 |
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 |
66.287 |
458.946 |
436.043 |
|
|
|
592.362 |
(4.990) |
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 |
66.287 |
458.946 |
436.043 |
|
Profit |
0.084 |
7.381 |
15.886 |
|
|
0.13% |
1.61% |
3.64% |
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 |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10275646 |
25/06/2014 * |
383,600,000.00 |
STATE BANK OF INDIA |
MID CORPORATE GROUP
INDUSTRIAL FINANCE BRANCH, MARBLE ARCH, RACE COURSE CIRCLE,, VADODARA-
390007, GUJARAT |
C09963299 |
|
2 |
10275059 |
25/06/2014 * |
383,600,000.00 |
STATE BANK OF INDIA |
MID CORPORATE GROUP
INDUSTRIAL FINANCE BRANCH, MARBLE ARCH, RACE COURSE CIRCLE,, VADODARA-
390007, GUJARAT |
C09967167 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from Others |
7.700 |
1.500 |
|
Loans and advances from Inter-Corporate |
6.000 |
55.708 |
|
|
|
|
|
Total |
13.700 |
57.208 |
BUY BACK OF SHARE CAPITAL
The Company has not declared
any Buy Back of Shares as per provisions of Section 77A, 77AA and 77B of the
Companies Act 1956 in any of the previous years and no such commitment are
pending for execution.
YEAR UNDER REVIEW
During the year the Company
was engaged in the establishment of an Industrial Project at Village: Moti
Borasara, Taluaka: Mangrol, District: Surat. The Company has already acquired a
land plot no. A and B, Block No. 100, at above premises. The Company has also
completed procedure for making necessary statutory applications like
Registration of the Company with the District Industries Commissioner,
Registration with and application with Secretariat for Industrial Approvals,
Central Government, Gujarat State Pollution Control Board, and Applied for
obtaining Income Tax PAN Number, TDS Account Number, Service Tax Number, and
Applied to DGVCL for HT power connection etc. The Company’s Project is in the
phase of Implementation. The Design, Drawings and technical reports are
prepared, and got the project approved from bankers State Bank of India,
Industrial Finance Branch, Baroda.
FINANCIAL FACILITIES AVAILED:
During the year your
company has increased its financial Credit limit of Term Loan cum Working
Capital facilities to the extent of Rs. 383.600 Million from State Bank of
India, Industrial Finance Branch, Baroda. The Company has created necessary
Charge on all its existing and future immovable and movable assets and
properties in favor of the said Bank. The Company as also filed particulars of
such charges, Mortgages with the office of the Registrar of Companies in
prescribed form in time and has obtained the certificates for registration of
such charges.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Machinery
·
Furniture and Fixtures
· Computer
· Motor Car
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. 65.16 |
|
|
1 |
Rs. 99.78 |
|
Euro |
1 |
Rs. 73.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
IND |
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 |
|
--PROFITABILIRY |
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 |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.