MIRA INFORM REPORT
|
Report No. : |
346085 |
|
Report Date : |
17.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
METSO INDIA PRIVATE LIMITED (w.e.f. 29.12.2014) |
|
|
|
|
Formerly Known
As : |
METSO MINERALS (INDIA) PRIVATE LIMITED SVEDALA INDUSTRI INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-227, Ground Floor, Westend Marg, Near Garden of Five Senses,
Paryavaran Complex, New Delhi-110030 |
|
Tel. No.: |
91-11-29536312 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
02.11.1992 |
|
|
|
|
Com. Reg. No.: |
55-050834 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 530.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1992FTC050834 |
|
|
|
|
IEC No.: |
0592064247 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS08161G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS3407L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of transmission belts, cone crushes, chain conveyors and
conveyors. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is subsidiary of “Metso Corporation”, it was incorporated in
the year 1992. It is established company having moderate track record. The rating on company reflects moderate financial risk profile marked
by declining in its operating income followed by continuous loss from its
operational activities. Rating is further constrained on company highly leveraged balance
sheet profile, and huge external borrowing recorded by the company which has
threaten the liquidity position. This rating weakness is partial offsets on strong financial and
managerial supports along with diversified business profile as well as
geographical presence of the group. However, trade relations are fair. Business is active. Payments are
reported to be sow but correct. In view of aforesaid, the company can be considered for business
dealing with some caution. |
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. Amit Aggarwal |
|
Designation : |
Company Secretary |
|
Contact No.: |
91-124-3336666 |
LOCATIONS
|
Registered Office : |
C-227, Ground Floor, Westend Marg, Near Garden of Five Senses,
Paryavaran Complex, New Delhi – 110030, India |
|
Tel. No.: |
91-11-29536312 |
|
Fax No.: |
91-11-29536342 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
SP – 1 to SP – 13, MIA - Industrial Area Agro Food
Park, (South East Zone), Alwar – 301030
Rajasthan, India |
|
Tel. No.: |
91-144-3067000 |
|
Fax No.: |
91-144-3067073 |
|
|
|
|
Factory 2 : |
Plot No. 611 - 612, Opposite Vallabhnagar, Odhav Road, Odhav, Ahmedabad – 382415, Gujarat, India |
|
Tel. No.: |
91-79-30260400/ 441 |
|
Fax No.: |
91-79-22976621 |
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|
|
|
Warehouse : |
Located at : · Bangalore · Faridabad |
|
|
|
|
Head Office : |
1st Floor, DLF Building No. 10, Tower A, DLF
Cyber City, DLF Phase II, Gurgaon - 122002, Haryana,
India |
|
Tel. No.: |
91-124-3336666 / 2716666 |
|
Fax No.: |
91-124-2351601 |
|
|
|
|
Regional Offices : |
Located at : · Bengaluru · Kolkata · Chennai · Hyderabad ·
Mumbai |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Neil Graeme Hughes |
|
Designation : |
Director |
|
Address : |
11A Tully Road, East Perth, WA, 6004, Australia |
|
Date of Birth/Age : |
07.05.1953 |
|
Date of Appointment : |
14.07.2004 |
|
DIN No.: |
00194925 |
|
|
|
|
Name : |
Mr. Eeva Liisa Virkkunen |
|
Designation : |
Director |
|
Address : |
Museokatu 7 B 19, Helsinki, Finland, 00100, Finland |
|
Date of Birth/Age : |
20.11.1957 |
|
Date of Appointment : |
30.06.2008 |
|
DIN No.: |
02231272 |
|
|
|
|
Name : |
Mr. Rakesh Kumar Thakur |
|
Designation : |
Managing director |
|
Address : |
B-5/6-4439, Vasant Kunj, South West Delhi, New Delhi -
110070, India |
|
Date of Birth/Age : |
08.05.1975 |
|
Date of Appointment : |
03.03.2014 |
|
PAN No.: |
ACTPT3971E |
|
DIN No.: |
06848344 |
|
|
|
|
Name : |
Mr. Poonam Gupta |
|
Designation : |
Director |
|
Address : |
Flat 271, DDA-SFS, Pocket -1 , Sector-22, Dwarka, Delhi -
110075, India |
|
Date of Birth/Age : |
30.11.1971 |
|
Date of Appointment : |
28.03.2014 |
|
DIN No.: |
06857529 |
KEY EXECUTIVES
|
Name : |
Mr. Amit Aggarwal |
|
Designation : |
Company Secretary |
|
Address : |
J/C-46E, Janta Flats, Mayapuri, New Delhi - 110064, India |
|
Date of Birth/Age : |
07.09.1975 |
|
Date of Appointment : |
01.05.2012 |
|
PAN No.: |
AFKPA0641L |
|
|
|
|
Name : |
Mr. Harsh |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Metso Minerals INC, Finland |
|
52600000 |
|
Metso Minerals Sweden AB, Sweden |
|
400000 |
|
|
|
|
|
Total |
|
53000000 |
AS ON 30.09.2014
|
Names of Allottee |
No. of Shares |
|
Metso Minerals INC |
40000000 |
|
|
|
|
Total |
40000000 |
Equity Share Breakup
AS ON 30.09.2014
|
Category |
Percentage of Holding |
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of transmission belts, cone crushes, chain conveyors and
conveyors. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
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|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, credit (30 / 60 / 90 Days) |
|
|
|
|
Purchasing : |
Cash, credit (30 / 60 / 90 Days) |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
500 (Approximately) |
||||||||||||||||||||||
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Bankers : |
|
|
Auditors : |
|
|
Name : |
S.R.
Batliboi and Company and LLP Chartered Accountants |
|
Address : |
Golf view, Corporate
Tower-B, Sector-42, Sector Road, Gurgaon-122002, Haryana, |
|
PAN
No : |
AALFS0506L |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Ultimate Holding Company: |
Metso
Oyj (Metso Corporation) |
|
|
|
|
Holding Company : |
Metso
Minerals Oy / Metso Minerals Inc. |
|
|
|
|
Subsidiary Company : |
Metso
Minerals (Mumbai) Private Limited, India (U74899DL1989PTC107161) |
|
|
|
|
Fellow Subsidiary Company: |
·
Metso Minerals Canada Inc ·
Metso Minerals (France) SA. ·
Metso Minerals (Australia) Limited.,
Australia ·
Metso Minerals (Ti anj in) International Trade,
China ·
Metso Minerals (Tianjin) Company Limited.,
China ·
Metso Minerals (Sweden) AB. ·
Metso Minerals Industries Inc. ·
Metso Mexico, S.A. de C.V. ·
Metso Minerals (Belux) SA, Netherlands ·
Metso Fabrics (Shanghai) Company Limited,
China ·
Metso Minerals (Austria) GmbH ·
Metso Minerals (Czech Republic) ·
Metso Fabrics (Shanghai) Company Limited,
China ·
Metso Minerals (Poland) Sp. z o.o. ·
Metso Minerals (Portugal) LDA. ·
Metso Minerals Espana S.A. ·
Metso Minerals (Singapore) Pte. Limited.,
Singapore ·
Metso New Zealand Limited., New Zealand ·
Metso Minerals (Deutschland) GMBH. ·
Metso Brasil Industriae Comercio Ltda ·
Metso Minerals (Chile) SA ·
Metso Mineral (South Africa) Pty Limited.,
South Africa ·
Valmet Technologies Company Private
limited, India (U29199DL2005PTC140382) ·
Metso Automation India Private Limited,
India (U74210MH1999PTC122061) ·
Valmet Chennai Private Limited, India
(U74200TN2008PTC067754) ·
Metso Minerals (UK) Limited., United
Kingdom ·
Metso Shared Services Oy ·
ZAO Metso Minerals (CIS) ·
Metso Minerals Anonim Sirketi ·
Metso Denmark A/S ·
Metso Fabrics Oy |
CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
110000000 |
Equity Shares |
Rs. 10/- each |
Rs. 1100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
93000000 |
Equity Shares |
Rs. 10/- each |
Rs. 930.000
Million |
|
|
|
|
|
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80000000 |
Equity Shares |
Rs. 10/- each |
Rs. 800.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
53000000 |
Equity Shares |
Rs. 10/- each |
Rs. 530.000
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 |
530.000 |
530.000 |
530.000 |
|
(b) Reserves & Surplus |
149.709 |
358.704 |
826.446 |
|
(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) |
679.709 |
888.704 |
1356.446 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
531.442 |
948.267 |
1021.291 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
9.940 |
|
(d)
long-term provisions |
6.899 |
7.836 |
7.730 |
|
Total
Non-current Liabilities (3) |
538.341 |
956.103 |
1038.961 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
4936.357 |
4377.166 |
3109.795 |
|
(b)
Trade payables |
1255.412 |
1637.013 |
1533.019 |
|
(c)
Other current liabilities |
1254.387 |
1048.858 |
1095.019 |
|
(d)
Short-term provisions |
203.407 |
135.460 |
133.398 |
|
Total
Current Liabilities (4) |
7649.563 |
7198.497 |
5871.231 |
|
|
|
|
|
|
TOTAL |
8867.613 |
9043.304 |
8266.638 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
3126.490 |
2964.416 |
2733.177 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.182 |
|
(iii)
Capital work-in-progress |
17.087 |
246.053 |
17.362 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.010 |
16.375 |
0.010 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
14.759 |
|
(d) Long-term Loan
and Advances |
206.731 |
183.160 |
254.498 |
|
(e)
Other Non-current assets |
0.365 |
0.365 |
235.938 |
|
Total
Non-Current Assets |
3350.683 |
3410.369 |
3255.926 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2347.483 |
2413.829 |
2472.203 |
|
(c)
Trade receivables |
2410.631 |
2360.721 |
1842.673 |
|
(d)
Cash and cash equivalents |
104.886 |
262.312 |
226.623 |
|
(e)
Short-term loans and advances |
522.407 |
522.350 |
433.882 |
|
(f)
Other current assets |
131.523 |
73.723 |
35.331 |
|
Total
Current Assets |
5516.930 |
5632.935 |
5010.712 |
|
|
|
|
|
|
TOTAL |
8867.613 |
9043.304 |
8266.638 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
7947.600 |
8431.900 |
9202.200 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
7888.900 |
8670.900 |
9056.900 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
58.700 |
(239.000) |
145.300 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
267.600 |
213.900 |
208.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(208.900) |
(452.900) |
(63.200) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
14.800 |
31.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(208.900) |
(467.700) |
(94.800) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export
of goods |
1982.148 |
1233.700 |
649.007 |
|
|
|
Service
Charges |
169.857 |
119.688 |
208.855 |
|
|
TOTAL EARNINGS |
2152.005 |
1353.388 |
857.862 |
|
|
|
|
|
|
|
|
|
|
Earnings/
(LOSS) Per Share (Rs.) |
(3.94) |
(8.55) |
(1.79) |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
8500.000 |
The above information has been parted by Mr. Amit
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
524.991 |
413.375 |
413.338 |
|
Cash Generated from Operations |
NA |
NA |
NA |
|
Net Cash Flow from (used in) Operations |
(162.054) |
(468.503) |
(745.284) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets) |
(%) |
(2.36) |
(5.16) |
(0.77) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.31) |
(0.51) |
(0.05) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
8.82 |
6.46 |
3.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.72 |
0.78 |
0.85 |
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 |
530.000 |
530.000 |
530.000 |
|
Reserves & Surplus |
826.446 |
358.704 |
149.709 |
|
Net
worth |
1356.446 |
888.704 |
679.709 |
|
|
|
|
|
|
Long-term borrowings |
1021.291 |
948.267 |
531.442 |
|
Short term borrowings |
3109.795 |
4377.166 |
4936.357 |
|
Current maturities of
long-term debts |
413.338 |
413.375 |
524.991 |
|
Total
borrowings |
4544.424 |
5738.808 |
5992.790 |
|
Debt/Equity
ratio |
3.350 |
6.458 |
8.817 |
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 |
9202.200 |
8431.900 |
7947.600 |
|
|
|
(8.371) |
(5.744) |
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 |
9202.200 |
8431.900 |
7947.600 |
|
Profit |
(94.800) |
(467.700) |
(208.900) |
|
|
(1.03)% |
(5.55)% |
(2.63)% |
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) |
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 |
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 four 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 |
NO CHARGES EXIST FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
Long-Term Borrowings |
|
|
|
Term loans |
1056.433 |
1354.792 |
|
Loans repayable on demand |
(524.991) |
(406.525) |
|
|
|
|
|
Short Term Borrowings |
|
|
|
Term loans |
1884.466 |
2028.563 |
|
Working capital loans from banks |
3051.891 |
2348.603 |
|
|
|
|
|
Total |
5467.799 |
5325.433 |
PERFORMANCE
Economic and business environment
in the country continues to be tough. As capex cycle in the economy is not
moving and interest rates are still at high levels, these factors are having
impact on the performance of the Company. However they continue to believe in
India growth story and therefore our investments in capacity and capabilities
continue. Newly elected government is expected to improve investment sentiment
in country in the years to come.
FUTURE OUTLOOK
The country’s GDP growth is
expected to get back on track by the end of this financial year. They expect
India market to start improving for financial year 2014-2015 onwards wherein we
will see some good work in the core manufacturing sector from the newly elected
government and the much awaited legislation in the form of Goods and Service
tax (GST) is likely to be passed, which will pave the way forward for future
growth. So, we are confident about a smart revival in the long run. Our export
is still performing well and expected to perform better in coming periods. They
also expect to see turnaround in terms of profitability in this financial year
2014-15.
CORPORATE INFORMATION
Metso Minerals (India)
Private Limited, a company incorporated under the Companies Act 1956, is the
leading global supplier of construction equipment and related services for the
mining and construction industries. It is engaged in supplying mining and
construction related equipment and serviced to companies engaged in quarrying,
aggregates production, construction, civil engineering, mining and minerals
processing.
MERGER
During the financial year
2013-14, the Company had merged its fully owned subsidiary company, Metso
Minerals (Mumbai) Private Limited to itself. Hon'ble Delhi High Court vide its
order dated November 18, 2013 has accorded approval for the scheme of
Amalgamation of Metso Minerals (Mumbai) Private Limited, the wholly owned
subsidiary Metso Minerals (India) Pvt. Ltd engaged in the business of providing
engineering services, with Metso Minerals (India) Private Limited. As per Scheme
and order of Hon’ble High Court, all assets and liabilities of Metso Minerals
(Mumbai) Private Limited. Have been transferred to and vested in the Company
with effect from April 01, 2013. The Company followed Pooling of Interest
Method to reflect the amalgamation. Consequent to the amalgamation, the shares
of Metso Minerals (Mumbai) Private Limited held by the Company were cancelled
and all assets and liabilities of Metso Minerals (Mumbai) Private Limited
became the assets and liabilities of the Company and the income and expenses
for the period starting from April 01, 2013 till November 18, 2013 stood merged
with the corresponding income and expenses of the Company.
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from C-88-89,
Paryavaran Complex, New Delhi-110030, India Maharashtra to the present address
w.e.f 01.04.2009
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer equipments
·
Other equipments
·
Leasehold improvements
Intangible Assets
· Computer software
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.64.97 |
|
|
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.73.99 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
27 |
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.