MIRA INFORM REPORT
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Report No. : |
343185 |
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Report Date : |
09.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
VSP UDYOG PRIVATE LIMITED |
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Registered
Office : |
‘Centre Point’ 21, Hemanta Basu Sarani, 4th Floor, Suite No.
437, Kolkata - 700001, West Bengal |
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Tel. No.: |
91-33-22138840/41 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
30.10.2002 |
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Com. Reg. No.: |
21-095337 |
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Capital Investment
/ Paid-up Capital : |
Rs. 118.650 Million |
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CIN No.: [Company Identification
No.] |
U27109WB2002PTC095337 |
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IEC No.: |
0204027209 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCV6318G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturers of thermo mechanical treatment (TMT) bars that are fabricated using high grade steel. |
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No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
VSP Udyog Private Limited (VUPL), incorporated in 2002 by Mr. Om
Prakash Agarwala, is engaged in the manufacturing of billets and TMT bars/rounds
at Durgapur, West Bengal. Rating takes into account on long experience of the promoters in the
iron and steel industry, regular infusion of funds by the promoters,
comfortable financial risk profile characterized by low leverage, comfortable
debt coverage indicators along with comfortable liquidity position. The rating is, however, constrained by volatility in raw - material
prices, low profitability margin due to intense competition, working capital intensive
nature of operation and cyclicality associated with the steel industry. However, trade relations are fair. Business is active. Payments are
reported to be usually correct. In a view aforesaid, the company can be considered for the business
dealings at usual terms and conditions.
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
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Rating |
Long term Bank Facilities = BBB- |
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Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
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Date |
August, 2014 |
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Rating Agency Name |
CARE |
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Rating |
Short term Bank Facilities = A3 |
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Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
August, 2014 |
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. Birendra Kumar Jain |
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Designation : |
Company Secretary |
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Contact No.: |
91-9748337000 |
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Date : |
06.10.2015 |
LOCATIONS
|
Registered Office/Corporate Office : |
‘Centre Point’ 21, Hemanta Basu Sarani, 4th Floor, Suite
No. 437, Kolkata - 700001, West Bengal, India |
|
Tel. No.: |
91-33-22138840/41 |
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Mobile No.: |
91-9748337000 |
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Fax No.: |
91-33-22138839 |
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E-Mail : |
vspudyogpvtltd@gmail.com |
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Website : |
http://www.vspudyog.com |
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Work Office: |
G.T. Road, Banskopa More, P.O Bamunara, Durgapur - 713212, Burdwan,
West Bengal, India |
DIRECTORS
As on 20.08.2014
|
Name : |
Mr. Om Prakash Agarwala |
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Designation : |
Managing Director |
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Address : |
83 Salt Lake, Block EE, Kolkata - 700091, West Bengal, India |
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Date of Birth/Age : |
24.07.1953 |
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Date of Appointment : |
01.03.2014 |
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PAN No.: |
ACXPA5907B |
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DIN No.: |
00418469 |
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Other Directorship:
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Name : |
Mr. Varun Patwari |
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Designation : |
Whole-time Director |
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Address : |
83 Salt Lake, Block EE, Kolkata - 700091, West Bengal, India |
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Date of Birth/Age : |
14.08.1984 |
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Date of Appointment : |
01.03.2014 |
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PAN No.: |
AJUPP0186F |
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DIN No.: |
00418540 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Birendra Kumar Jain |
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Designation : |
Company Secretary |
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Address : |
72, Green Park, Block - A, Kolkata - 700055, West Bengal, India |
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Date of Appointment : |
05.05.2008 |
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PAN No.: |
ACTPJ4160D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 20.08.2014
|
Names of Shareholders |
|
No. of Shares |
|
Om Prakash Agarwala |
|
1230000 |
|
Varun Patwari |
|
416000 |
|
Sushila Devi Patwari |
|
150000 |
|
Divya Patwari |
|
107600 |
|
Trincas Consultancy Private Limited, India |
|
952000 |
|
Aakooti Dealcom Private Limited, India
|
|
621000 |
|
Liska Sales Private Limited, India
|
|
1614860 |
|
Bluestar Vinimay Private Limited, India |
|
461000 |
|
Halfmoon Tradecom Private Limited, India |
|
337000 |
|
Gokul Distributor Private Limited, India |
|
2916500 |
|
Nightangle Tie Up Private Limited, India |
|
3059000 |
|
Ajit Kumar Agarwa |
|
10 |
|
Kishan Lal Patwari |
|
10 |
|
Mamta Agarwal |
|
10 |
|
Purushottam Das Agarwal |
|
10 |
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Rupali Agarwal |
|
10 |
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Savitri Devi Agarwal |
|
10 |
|
Sujit Kumar Agarwal |
|
10 |
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Total |
|
11865030 |
As on 15.06.2015
|
Names of Allotees |
|
No. of Shares |
|
Om Prakash Agarwala |
|
220050 |
|
Varun Patwari |
|
142510 |
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Om Prakash Agarwala and Sons HUF |
|
26500 |
|
Varun Patwari HUF |
|
39750 |
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Sushila Devi Patwari |
|
116950 |
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Divya Patwari |
|
61850 |
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Trincas Consultancy Private Limited, India |
|
412000 |
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Aakooti Dealcom Private Limited, India
|
|
55000 |
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Liska Sales Private Limited, India
|
|
139000 |
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Carun Ispat Private Limited, India
|
|
67500 |
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Total |
|
1281110 |
Equity Share Break up (Percentage of Total Equity)
As on 20.08.2014
|
Category |
Percentage |
|
Bodies corporate |
83.95 |
|
Directors or relatives of Directors |
16.05 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of thermo mechanical treatment (TMT) bars that are fabricated using high grade 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 : |
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Selling : |
Advance Payment and Credit |
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Purchasing : |
Advance Payment and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Retailers, End Users
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No. of Employees : |
300 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
Notes: LONG TERM
BORROWING Term Loan from bank's are secured by way of first pari passu charge on fixed assets of Company's steel plant at Banskopa, Durgapur and second pari passu charge on Current Assets of the Company. Vehicle Loan from a Bank is secured by way of hypothecation of asset purchase out of said loan. SHORT TERM
BORROWING Working Capital facilities are also secured by way of Personal guarantee of directors and third parties. |
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Financial
Institution : |
Religare Finvest Limited |
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Address: |
D3, P3B, District Centre, Saket, Delhi - 110017, India |
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Auditors : |
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Name : |
A.L.P.S. and Company Chartered Accountants |
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Address : |
310, Todi Chambers, 2 Lal Bazar Street, Kolkata - 700001, West Bengal,
India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ALFPK2594P |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives: |
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CAPITAL STRUCTURE
After 20.08.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
27750000 |
Equity Shares |
Rs.10/- each |
Rs. 277.500 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
13146140 |
Equity Shares |
Rs.10/- each |
Rs. 131.461 Million |
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As on 20.08.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
25000000 |
Equity Shares |
Rs.10/- each |
Rs. 250.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
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|
|
|
11865030 |
Equity Shares |
Rs.10/- each |
Rs. 118.650
Million |
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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 |
118.650 |
100.777 |
56.026 |
|
(b) Reserves & Surplus |
1194.486 |
976.139 |
513.099 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
1313.136 |
1076.916 |
569.125 |
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
355.138 |
456.395 |
577.755 |
|
(b) Deferred tax liabilities (Net) |
78.451 |
64.419 |
47.480 |
|
(c) Other long term
liabilities |
158.286 |
136.789 |
38.118 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
591.875 |
657.603 |
663.353 |
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(4)
Current Liabilities |
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|
|
|
(a) Short
term borrowings |
1905.740 |
1234.651 |
717.162 |
|
(b) Trade
payables |
1244.674 |
1393.118 |
931.253 |
|
(c) Other
current liabilities |
74.752 |
83.570 |
170.240 |
|
(d) Short-term
provisions |
22.522 |
18.729 |
10.429 |
|
Total Current
Liabilities (4) |
3247.688 |
2730.068 |
1829.084 |
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TOTAL |
5152.699 |
4464.587 |
3061.562 |
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II.
ASSETS |
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|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
828.215 |
838.949 |
827.940 |
|
(ii)
Intangible Assets |
0.774 |
0.963 |
1.151 |
|
(iii)
Capital work-in-progress |
45.007 |
27.518 |
40.708 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.140 |
0.140 |
0.140 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
28.950 |
27.513 |
27.559 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
903.086 |
895.083 |
897.498 |
|
|
|
|
|
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(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.016 |
0.004 |
|
(b)
Inventories |
1183.479 |
709.337 |
620.413 |
|
(c) Trade
receivables |
2947.019 |
2738.826 |
1459.029 |
|
(d) Cash
and cash equivalents |
97.872 |
101.060 |
16.756 |
|
(e)
Short-term loans and advances |
21.132 |
20.154 |
67.842 |
|
(f) Other
current assets |
0.111 |
0.111 |
0.020 |
|
Total Current
Assets |
4249.613 |
3569.504 |
2164.064 |
|
|
|
|
|
|
TOTAL |
5152.699 |
4464.587 |
3061.562 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL
|
9885.817 |
9248.351 |
4715.958 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Operating Expenditure |
8661.478 |
8197.548 |
4018.949 |
|
|
Extraordinary Items |
0.089 |
0.095 |
0.000 |
|
|
Other expenses |
786.272 |
653.379 |
436.667 |
|
|
TOTAL
|
9447.839 |
8851.022 |
4455.616 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
437.978 |
397.329 |
260.342 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
261.683 |
221.454 |
138.908 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
176.295 |
175.875 |
121.434 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
58.593 |
61.930 |
27.430 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
117.702 |
113.945 |
94.004 |
|
|
|
|
|
|
|
Less |
TAX |
39.394 |
36.092 |
33.642 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
78.308 |
77.853 |
60.362 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
202.976 |
146.585 |
99.008 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
3.915 |
3.893 |
3.018 |
|
|
Proposed Dividend on Equity
Shares |
17.798 |
15.117 |
8.404 |
|
|
Tax on Dividend |
3.025 |
2.452 |
1.363 |
|
|
Total
(M) |
24.738 |
21.462 |
12.785 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
256.546 |
202.976 |
146.585 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
6.59 |
6.56 |
5.08 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
74.634 |
83.379 |
106.697 |
|
Cash generated from operations |
N.A |
N.A |
N.A |
|
Net cash flows from (used in) operations |
(394.604) |
(436.702) |
(31.800) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Total Income) |
(%) |
0.79 |
0.84 |
1.28 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/ Total Income) |
(%) |
4.43 |
4.30 |
5.52 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.30 |
2.57 |
3.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.11 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.78 |
1.65 |
2.46 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.31 |
1.31 |
1.18 |
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 |
56.026 |
100.777 |
118.650 |
|
Reserves & Surplus |
513.099 |
976.139 |
1194.486 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
569.125 |
1076.916 |
1313.136 |
|
|
|
|
|
|
long-term borrowings |
577.755 |
456.395 |
355.138 |
|
Short term borrowings |
717.162 |
1234.651 |
1905.740 |
|
Current maturities of
long-term debts |
106.697 |
83.379 |
74.634 |
|
Total
borrowings |
1401.614 |
1774.425 |
2335.512 |
|
Debt/Equity
ratio |
2.463 |
1.648 |
1.779 |
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 |
4715.958 |
9248.351 |
9885.817 |
|
|
|
96.108 |
6.893 |
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 |
4715.958 |
9248.351 |
9885.817 |
|
Profit |
60.362 |
77.853 |
78.308 |
|
|
1.28% |
0.84% |
0.79% |
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 |
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 |
Yes |
|
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 |
NOTE: Registered office of the company has been shifted from 12, Government Place (East), Kolkata - 700069, West Bengal, India to the present address w.e.f. 23.11.2012
OPERATION
The
year 2013-14 has been a rather challenging year for the steel industry and for
the Indian economy as a whole. Increasing modernization in the 21st century has
led to a doubling of global steel production from 851 Mt (Million Tons) at the
turn of the century to 1607 Mt in 2013. The size notwithstanding, the industry
remains relatively fragmented. It is also highly cyclical and intensely
competitive.
In
the past two years, the continuing Euro-zone problem, economic stagnation or
slow growth in developed economies and a cooling of emerging economies took a
toll on the industry. Growth in the Chinese economy, which in recent years has
been one of the main demand drivers for steel, slowed down. Overcapacity has
also been a perennial problem. Stiff competition in the United States from
cheaper imports and from domestic producer with new or expanded facility
continues to result in significant oversupply of steel compared of steel
compared to demand. Despite such uncertainty and constraints, your company
performed reasonably well and the highlights are as under :-
·
Total Gross Revenue increased by 5.82% to Rs. 10695.243 Million from Rs.
10106.988 Million.
·
EBIDTA grew by 10.23% to Rs. 437.956 Million from Rs. 397.313 Million .
·
Profit before tax increased by 3.30% to Rs. 117.702 Million from Rs. 113.945
Million.
·
Profit after tax increased by 0.58 % to Rs. 78.308 Million from Rs. 77.8.53
Million.
The
Company continues to enjoy the highest standards in TMT Bars market segment in
West Bengal. In order to maintain its standard and leadership, your Company
will always endeavor to improve its business policies and bring in more
innovations at work.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from director |
13.759 |
9.913 |
|
Other loans and advance from others |
191.057 |
220.470 |
|
|
|
|
|
Total |
204.816 |
230.383 |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10558930 |
31/03/2015 |
97,800,000.00 |
RELIGARE FINVEST LIMITED |
D3, P3B,, DISTRICT CENTRE, SAKET, DELHI - 110017, INDIA |
C48990543 |
|
2 |
10312947 |
26/02/2014 * |
2,000,000,000.00 |
ALLAHABAD BANK (LEAD BANK) |
INDUSTRIAL FINANCE BRANCH, 17, R. N. MUKHERJEE RO |
B97295018 |
|
3 |
10316269 |
26/02/2014 * |
259,000,000.00 |
ALLAHABAD BANK (TITLE DEED HOLDER) |
INDUSTRIAL FINANCE BRANCH, 17, R. N. MUKHERJEE RO |
B97294722 |
|
4 |
10170499 |
13/02/2013 * |
180,000,000.00 |
UNITED BANK OF INDIA |
N.S.ROAD BRANCH, 10, CLIVE ROAD, KOLKATA- 700001, WEST BENGAL, INDIA |
B69237030 |
|
5 |
10063287 |
30/08/2013 * |
635,000,000.00 |
ALLAHABAD BANK |
INDUSTRIAL FINANCE BRANCH, 17, R. N. MUKHERJEE RO |
B83868018 |
|
6 |
10020514 |
27/09/2011 * |
180,000,000.00 |
UNITED BANK OF INDIA |
N.S.ROAD BRANCH, 10, CLIVE ROAD,, KOLKATA - 700001, WEST BENGAL, INDIA |
B24726358 |
FIXED ASSETS
- Land
- Building
- Plant and
Equipment
- Furniture and
Fixture
- 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,
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.65.15 |
|
|
1 |
Rs.99.78 |
|
Euro |
1 |
Rs.73.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
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 |
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 |
|
48 |
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.