MIRA INFORM REPORT
|
Report No. : |
345398 |
|
Report Date : |
14.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
GLOBAL AUTOTECH LIMITED |
|
|
|
|
Registered
Office : |
83 LGF World Trade Centre, Barakhamba Lane, New Delhi – 110001 |
|
Tel. No.: |
91-11-23414946 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
20.05.2003 |
|
|
|
|
Com. Reg. No.: |
55-120424 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.200.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34300DL2003PLC120424 |
|
|
|
|
IEC No.: |
0504002651 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCG0911B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers Aluminium machined Die-cast Components through Squeeze
and High Pressure Die Casting. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1300000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Company was incorporated in 2003 by the “Suri Group”, and it is engaged
into manufacturing of aluminium die castings for the automobile industries
and also other machined components. Subject is established company having satisfactory track record. The ratings reflect the extensive industry experience of GAL’s promoters,
assured revenue visibility from group entity “Subros Limited”, and improving
sales from other customers. The ratings also factor in the company’s moderate financial risk
profile, marked by a healthy networth and comfortable debt protection
metrics. These rating strengths are partially offset by customer concentration
in company’s revenue profile and low return on capital employed. However, trade relations are reported as fair. Business is active.
Payment terms are usually correct. In view of extensive industry experience of its promoters, the company
can be considered for business dealing at usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term bank facilities= BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
May, 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term bank facilities= A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
May, 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 DENIED
Management Non Co-operative (91-120-2341617 / 4141800)
LOCATIONS
|
Registered Office : |
83 LGF World Trade Centre, Barakhamba Lane, New Delhi – 110001, Delhi,
India |
|
Tel. No.: |
91-11-23414946/49 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Plant Office I : |
6F, Sector 40-41, Greater Noida – 201308, Uttar Pradesh, India |
|
Tel. No.: |
91-120-2341617-20 |
|
Fax No.: |
91-120-2341619 |
|
|
|
|
Plant Office II : |
3D, Udyog Vihar, Ecotech II, Greater Noida – 201306, Uttar Pradesh,
India |
|
Tel. No.: |
91-120-4141800 / 4141899 |
|
Fax No.: |
91-120-4141816 |
|
Website : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Ms. Divya Suri Singh |
|
Designation : |
Director |
|
Address : |
N-119 Panchsheel Park, New Delhi – 110017, India |
|
Date of Birth/Age : |
16.07.1974 |
|
Date of Appointment : |
25.10.2003 |
|
DIN No.: |
00004559 |
|
|
|
|
Name : |
Mr. Virender Kumar Chanana |
|
Designation : |
Director |
|
Address : |
D – 79, Gulmohar Park, New Delhi – 110049, India |
|
Date of Birth/Age : |
24.02.1939 |
|
Date of Appointment : |
22.09.2010 |
|
DIN No.: |
00069599 |
|
|
|
|
Name : |
Mr. Ramesh Suri |
|
Designation : |
Director |
|
Address : |
N-119, Panchsheel Park, New Delhi – 110017, India |
|
Date of Birth/Age : |
12.12.1939 |
|
Date of Appointment : |
20.07.2005 |
|
DIN No.: |
00176488 |
|
|
|
|
Name : |
Ms. Ritu Suri |
|
Designation : |
Director |
|
Address : |
E-7 Panchsheel Park, New Delhi – 110017, India |
|
Date of Birth/Age : |
21.02.1944 |
|
Date of Appointment : |
20.05.2003 |
|
DIN No.: |
00177111 |
|
|
|
|
Name : |
Mr. Narinder Kumar Batra |
|
Designation : |
Director |
|
Address : |
W – 11, Greater Kaillash Part – II, New Delhi – 110048, India |
|
Date of Birth/Age : |
19.04.1957 |
|
Date of Appointment : |
01.05.2004 |
|
DIN No.: |
00713037 |
|
|
|
|
Name : |
Mr. Mohinder Kumar Puri |
|
Designation : |
Whole Time director |
|
Address : |
14, 1st Floor
Kailash Hills, East Of Kailash, Delhi – 110065, India |
|
Date of Birth/Age : |
21.08.1946 |
|
Date of Appointment : |
01.10.2009 |
|
DIN No.: |
02535628 |
KEY EXECUTIVES
|
Name : |
Mr. Atul Gupta |
|
Designation : |
Secretary |
|
Address : |
House No. 139, Sector 44A, Chandigarh – 160044, Haryana, India |
|
Date of Appointment : |
22.12.2012 |
|
PAN No. : |
ADFPG4380B |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Ritu Suri |
1200000 |
6.00 |
|
Mercantile Capital and Financial Services Private Limited |
9350000 |
46.75 |
|
Jyotsna Suri |
2399000 |
12.00 |
|
Jyotsna Holding Private Limited |
1000 |
0.01 |
|
Ramesh Suri |
1350000 |
6.75 |
|
R R Holding Private Limited |
400000 |
2.00 |
|
Ramesh Suri HUF |
200000 |
1.00 |
|
Deeksha Holding Limited |
2600000 |
13.00 |
|
Cold Form Engineering Private Limited |
2500000 |
12.50 |
|
|
|
|
|
Total |
20000000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
74.00 |
|
Directors or relatives of Directors |
26.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers Aluminium machined Die-cast Components through Squeeze
and High Pressure Die Casting. |
||||||
|
|
|
||||||
|
Products : |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Divulged |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Divulged |
||||||
|
|
|
||||||
|
Exports : |
Not Divulged |
||||||
|
|
|
||||||
|
Imports : |
Not Divulged |
||||||
|
|
|
||||||
|
Terms : |
|
||||||
|
Selling : |
Not Divulged |
||||||
|
|
|
||||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
·
Canara Bank, Prime Corporate Branch-Connaught
Place, 2nd Floor, World Trade Tower, Barakhamba Lane, New Delhi –
110001, India ·
Yes Bank Limited, 9th Floor, Nehru
Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018,
Maharashtra, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
V.K. Dhingra and company Chartered Accountant |
|
Address : |
1-E/15, Jhandewalan Extension, New Delhi, India |
|
PAN No.: |
AAAFV7051N |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Associate : |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 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 |
200.000 |
200.000 |
200.000 |
|
(b) Reserves & Surplus |
240.046 |
230.795 |
202.998 |
|
(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) |
440.046 |
430.795 |
402.998 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
426.879 |
470.248 |
309.114 |
|
(b) Deferred tax liabilities (Net) |
55.692 |
59.115 |
62.551 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
11.452 |
10.862 |
8.762 |
|
Total Non-current
Liabilities (3) |
494.023 |
540.225 |
380.427 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
344.509 |
392.050 |
251.473 |
|
(b) Trade
payables |
217.797 |
219.566 |
180.276 |
|
(c) Other
current liabilities |
151.168 |
100.997 |
194.882 |
|
(d) Short-term
provisions |
20.492 |
16.394 |
16.339 |
|
Total Current
Liabilities (4) |
733.966 |
729.007 |
642.970 |
|
|
|
|
|
|
TOTAL |
1668.035 |
1700.027 |
1426.395 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
932.956 |
942.270 |
920.600 |
|
(ii)
Intangible Assets |
1.400 |
3.112 |
5.366 |
|
(iii) Capital
work-in-progress |
37.296 |
13.053 |
6.678 |
|
(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 |
188.662 |
175.547 |
53.832 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1160.314 |
1133.982 |
986.476 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
191.298 |
175.538 |
174.000 |
|
(c) Trade
receivables |
270.515 |
328.532 |
208.531 |
|
(d) Cash
and cash equivalents |
16.709 |
15.239 |
14.738 |
|
(e)
Short-term loans and advances |
22.606 |
40.359 |
36.539 |
|
(f) Other
current assets |
6.593 |
6.377 |
6.111 |
|
Total
Current Assets |
507.721 |
566.045 |
439.919 |
|
|
|
|
|
|
TOTAL |
1668.035 |
1700.027 |
1426.395 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
1583.697 |
1542.300 |
1529.105 |
|
|
|
|
Other Income |
16.549 |
19.494 |
6.886 |
|
|
|
|
TOTAL (A) |
1600.246 |
1561.794 |
1535.991 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
747.622 |
738.575 |
735.974 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(21.567) |
(11.429) |
(21.928) |
|
|
|
|
Employee Benefits Expenses |
244.286 |
218.140 |
208.005 |
|
|
|
|
Other Expenses |
380.619 |
350.985 |
330.398 |
|
|
|
|
TOTAL (B) |
1350.960 |
1296.271 |
1252.449 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
249.286 |
265.523 |
283.542 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
88.545 |
83.422 |
83.099 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
160.741 |
182.101 |
200.443 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
127.023 |
123.368 |
120.269 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
33.718 |
58.733 |
80.174 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
12.769 |
19.314 |
26.716 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
20.949 |
39.419 |
53.458 |
||
|
|
|
|
|
|
||
|
|
FOB VALUE OF
EXPORTS |
307.516 |
244.770 |
257.170 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
174.508 |
187.175 |
189.769 |
|
|
|
|
Capital Goods |
71.628 |
55.254 |
9.739 |
|
|
|
TOTAL IMPORTS |
246.136 |
242.429 |
199.508 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
1.05 |
1.97 |
2.67 |
||
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
82.610 |
35.510 |
137.514 |
|
Cash generated from operations |
302.979 |
192.444 |
258.823 |
|
Net Cash from Operating Activities |
295.677 |
180.551 |
238.752 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
1.32 |
2.56 |
3.50 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
15.74 |
17.22 |
18.54 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
2.07 |
3.48 |
5.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.14 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.94 |
2.08 |
1.73 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.69 |
0.78 |
0.68 |
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 |
200.000 |
200.000 |
200.000 |
|
Reserves & Surplus |
202.998 |
230.795 |
240.046 |
|
Net
worth |
402.998 |
430.795 |
440.046 |
|
|
|
|
|
|
long-term borrowings |
309.114 |
470.248 |
426.879 |
|
Short term borrowings |
251.473 |
392.050 |
344.509 |
|
Current Maturities of Long term debt |
137.514 |
35.510 |
82.610 |
|
Total
borrowings |
698.101 |
897.808 |
853.998 |
|
Debt/Equity
ratio |
1.732 |
2.084 |
1.941 |
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 |
1529.105 |
1542.300 |
1583.697 |
|
|
|
0.863 |
2.684 |
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
|
1529.105 |
1542.300 |
1583.697 |
|
Profit |
53.458 |
39.419 |
20.949 |
|
|
3.50% |
2.56% |
1.32% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Intercorporate borrowings |
103.796 |
205.817 |
|
|
|
|
|
Short Term Borrowings |
|
|
|
Rupee term loans from banks |
16.071 |
24.266 |
|
|
|
|
|
Total |
119.867 |
230.083 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10539447 |
04/12/2014 * |
75,000,000.00 |
YES BANK LIMITED |
NEHRU CENTRE, 9TH FLOOR, DISCOVERY OF INDIA, DR. A.B ROAD, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
C40181919 |
|
2 |
10360750 |
06/06/2012 |
200,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B41678046 |
|
3 |
10360765 |
06/06/2012 |
400,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B41684895 |
|
4 |
10339777 |
01/05/2012 * |
100,000,000.00 |
YES BANK LIMITED |
9TH
FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI,,
MUMBAI, MAHARASHTRA - |
B40374928 |
|
5 |
10339342 |
01/05/2012 * |
200,000,000.00 |
YES BANK LIMITED |
9TH
FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. ANNIE BESANT ROAD, WORLI,,
MUMBAI, MAHARASHTRA - |
B40375677 |
|
6 |
10005647 |
04/12/2014 * |
1,165,000,000.00 |
CANARA BANK |
PRIME CORPORATE BRANCH-CONNAUGHT PLACE, 2ND FLOOR, WORLD TRADE TOWER, BARAKHAMBA LANE, NEW DELHI- 110001, INDIA |
C36532984 |
|
7 |
10018829 |
04/12/2014 * |
1,165,000,000.00 |
CANARA BANK |
PRIME CORPORATE BRANCH-CONNAUGHT PLACE, 2ND FLOOR, WORLD TRADE TOWER, BARAKHAMBA LANE, NEW DELHI - 110001, INDIA |
C36533461 |
|
8 |
90051280 |
04/08/2014 * |
290,000,000.00 |
CANARA BANK |
PRIME CORPORATE BR. - CONNAUGHT PLACE, 2ND FLOOR, WORLD TRADE TOWER, BARAKHAMBA LANE, NEW DELHI - 110001, INDIA |
C15614548 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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.65.02 |
|
|
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.73.92 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
NKT |
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.