MIRA INFORM REPORT
|
Report No. : |
346501 |
|
Report Date : |
27.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
DELTA PLUS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot Y5, Second Floor, Block EP, Sector V, Salt Lake City, Kolkata-700091, West Bengal |
|
Tel. No.: |
91-33-40160300/303 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2013 |
|
|
|
|
Date of
Incorporation : |
30.12.2004 |
|
|
|
|
Com. Reg. No.: |
21-100923 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 50.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U19201WB2004PTC100923 |
|
|
|
|
IEC No.: |
4005000029 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
CALD04874C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCD1864A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Industrial Safety Products. |
|
|
|
|
No. of Employees
: |
600 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 434000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a wholly owned subsidiary of Delta Plus Group, France and has satisfactory track. It was incorporated in the year 2004 and is engaged in manufacturing, exporting and importing of industrial safety products. Management of the subject has failed to file its latest financials with government department for the year 2014. However, as per financial of the year 2013, company’s financial position seems to be satisfactory with decent profit margin, good capital structure along with favourable gap between trade payables to its receivables and low debt balance sheet profile of the company. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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. A.K. Gupta |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-33-40160303 |
|
Date : |
27.10.2015 |
LOCATIONS
|
Registered Office : |
Plot Y5, Second Floor, Block EP, Sector V, Salt Lake City, Kolkata-700091, West Bengal, India |
|
Tel. No.: |
91-33-40160300/303 |
|
Fax No.: |
91-33-40160317 |
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E-Mail : |
|
|
Website : |
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|
|
|
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Factory 1 : |
Sector-II, Falta S.E.X, Falta 24, Parganas (South)-743504, West
Bengal, India |
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|
|
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Factory 2 : |
Plot-5 and 6, Sector-1, Falta S.E.Z 24 Parganas (South) -743504, West Bengal, India |
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Factory 3 : |
Plot No.3, Sector-I, Falta-Special Economic Zone, 24 Parganas (South),
743504, West Bengal, India |
DIRECTORS
As on 23.05.2014
|
Name : |
Margaux Verane Fildier |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
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|
Address : |
Quartier La Badelle, Gordes, 84220, France |
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Date of Birth/Age : |
24.04.1982 |
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Date of Appointment : |
25.05.2011 |
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DIN No.: |
03142578 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||
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Name : |
Jerome Jean Marc Benoit |
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Designation : |
Director |
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Address : |
Quartier La Badelle, Gordes, 84220, France |
||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
06.12.1982 |
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Date of Appointment : |
25.05.2011 |
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DIN No.: |
03142588 |
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Other Directorship:
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Name : |
Ivo Boscardin |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
Via Vespucci 15, 36051, Creazzo Vi, Na, Italy |
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Date of Birth/Age : |
01.03.1952 |
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Date of Appointment : |
25.05.2011 |
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DIN No.: |
03514819 |
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Other Directorship:
|
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||||||||||||||||||||||||||||||||||||
|
Name : |
Ashokkumar Chakarabarty |
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Designation : |
Director |
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|
Address : |
22 Prince Anwar Shah Road, Merlin Oxford Res, Flat 7D, Kolkata-700033, West Bengal, India |
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Date of Birth/Age : |
19.08.1958 |
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Date of Appointment : |
08.06.2012 |
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PAN No.: |
ACXPC2557K |
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DIN No.: |
05274971 |
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Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Dhara Agarwal |
|
Designation : |
Secretary |
|
Address : |
DE 2/A Deshbandhunagar Sahapara, Prantik Apartment, Flat No.3/5, Kolkata-700059, West Bengal, India |
|
Date of Birth/Age : |
15.08.1985 |
|
Date of Appointment : |
01.09.2012 |
|
PAN No.: |
AMKPA6708K |
|
|
|
|
Name : |
Mr. A.K. Gupta |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 23.05.2014
|
Names of Shareholders |
|
No. of Shares |
|
Delta Plus Group SA, France |
|
4999998 |
|
Jerome Jean Marc Benoit |
|
1 |
|
Delta Plus SAS, France |
|
1 |
|
Total |
|
5000000 |
As on 02.02.2015
|
Names of Allottees |
|
No. of Shares |
|
Delta Plus Group SA, France |
|
2999994 |
|
Jerome Jean Marc Benoit |
|
1 |
|
JBP SAS, France |
|
1 |
|
Margaux Verane Fildier |
|
1 |
|
Ivo Boscardin |
|
1 |
|
Delta Plus SAS, France |
|
2 |
|
Total |
|
3000000 |
Equity Share Break up (Percentage of Total Equity)
As on 23.05.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20346501%2027-Oct-2015_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Industrial Safety Products. |
|
|
|
|
Products : |
Industrial Safety Products |
|
|
|
|
Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished goods |
|
Countries : |
·
European Countries ·
South America ·
South Africa |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
China ·
Vietnam ·
Sri Lanka ·
Middle East ·
Italy ·
Indonesia ·
Malaysia |
|
|
|
|
Terms : |
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|
Selling : |
Cash / Cheque / Credit |
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|
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Purchasing : |
Cash / L/C / Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
600 (Approximately) |
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Bankers : |
Citi Bank, Kanak Bulding, 41 Chowringhee Road, Kolkata - 700071, West Bengal, India |
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Facilities : |
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Auditors : |
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|
Name : |
Jain Seth and Company Chartered Accountants |
|
Address : |
12/1 Lindsay Street, Kolkata, West Bengal, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AADFJ1065B |
|
|
|
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Memberships : |
-- |
|
|
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Collaborators : |
-- |
|
|
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Holding
company (As on 31.12.2012 ): |
|
|
|
|
|
Associates (As on
31.12.2012) : |
|
CAPITAL STRUCTURE
After 25.05.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 90.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 80.000
Million |
|
|
|
|
|
As on 25.05.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
50.000 |
50.000 |
50.000 |
|
(b) Reserves & Surplus |
101.896 |
90.442 |
77.956 |
|
(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) |
151.896 |
140.442 |
127.956 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
68.291 |
72.261 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.172 |
0.483 |
0.356 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
68.463 |
72.744 |
0.356 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
47.212 |
7.483 |
50.114 |
|
(c) Other
current liabilities |
52.834 |
62.007 |
60.900 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.375 |
|
Total Current
Liabilities (4) |
100.046 |
69.490 |
111.389 |
|
|
|
|
|
|
TOTAL |
320.405 |
282.676 |
239.701 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
20.346 |
21.750 |
23.166 |
|
(ii)
Intangible Assets |
0.047 |
0.044 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
20.393 |
21.794 |
23.166 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
198.471 |
148.716 |
154.760 |
|
(c) Trade
receivables |
82.056 |
71.128 |
50.570 |
|
(d) Cash
and cash equivalents |
11.279 |
12.783 |
7.343 |
|
(e)
Short-term loans and advances |
8.206 |
25.537 |
1.484 |
|
(f) Other current
assets |
0.000 |
2.718 |
2.378 |
|
Total
Current Assets |
300.012 |
260.882 |
216.535 |
|
|
|
|
|
|
TOTAL |
320.405 |
282.676 |
239.701 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
763.569 |
582.408 |
516.123 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
19.464 |
23.673 |
40.672 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
3.324 |
0.817 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
16.140 |
22.856 |
40.672 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
2.585 |
3.053 |
3.121 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
13.555 |
19.803 |
37.551 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.101 |
7.317 |
8.313 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
11.454 |
12.486 |
29.238 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
90.442 |
76.087 |
46.849 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
(1.869) |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
101.896 |
90.442 |
76.087 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (Rs.) |
2.29 |
2.49 |
5.84 |
|
|
Particulars |
|
|
31.12.2014 |
|
Sales Turnover (Approximately) |
|
|
1000.000 |
Expected Sales (2015) : Rs.1000.000 Million
The above information has been parted by Mr. A.K. Gupta (Chief Executive
Officer)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
32.147 |
(42.104) |
3.343 |
KEY
RATIOS
|
PARTICULARS |
|
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.50 |
2.14 |
5.66 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
2.55 |
4.06 |
7.88 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.23 |
7.01 |
15.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.14 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.45 |
0.51 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.00 |
3.75 |
1.94 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
50.000 |
50.000 |
50.000 |
|
Reserves & Surplus |
77.956 |
90.442 |
101.896 |
|
Net
worth |
127.956 |
140.442 |
151.896 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
72.261 |
68.291 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
72.261 |
68.291 |
|
Debt/Equity
ratio |
0.000 |
0.515 |
0.450 |
%20PRIVATE%20LIMITED%20-%20346501%2027-Oct-2015_files/image015.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
516.123 |
582.408 |
763.569 |
|
|
|
12.843 |
31.106 |
%20PRIVATE%20LIMITED%20-%20346501%2027-Oct-2015_files/image017.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
516.123 |
582.408 |
763.569 |
|
Profit |
29.238 |
12.486 |
11.454 |
|
|
5.66% |
2.14% |
1.50% |
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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 |
Yes |
|
19] |
Major customers |
Yes |
|
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 |
No |
|
26] |
Turnover of firm for last four years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
Yes |
|
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 |
NOTE: the registered office of the company has been shifted from EN 12, 5th floor, Sector V, Salt Lake City, Kolkata-700091, West Bengal, India to the present address w.e.f. 01.06.2012
BUSINESS PERFORMANCE
AND FUTURE OUTLOOK
During the year 2013 The Company achieved a total turnover of Rs. 763.569 Million as compared to Rs. 582.407 Million in 2012, which reflects a growth of around 31.1. During the year 2013, The Company has improved the total platform sales by around 17 out of which 18.5 has been contributed because of enhanced dispatch of safety shoes. This has been possible because of corresponding improvement in the productivity and innovative application of inhouse upper making techniques. It is a matter of convicted that 2014 the trend will still continue and we are expecting a growth of around 20 in terms of dispatch from the Indian Platform. There is also a plan to supply the entire range of D-Mach range of workwear to entire Europe and other subsidiaries from Indian Platform. That will further enhance the dispatch figures in value as well. The competitive prices for shoes in particular be maintained by systematic application of supply chain management and other management tools. There is an increasing demand for our manufactured shoes in Europe. So it is expected that you company is poised for a steady growth path in 2014 as well.
The directors wish to inform that The Company has consented for the amalgamation of the Company with SemallImpex Private Limited (Transferor company) and Deltmal Safety Shoes Private Limited (Transferor company) with Delta Plus India Private Limited (transferee company) subject to the completion of necessary formalities under the relevant provisions of the Companies Act, 1956 and other regulatory requirements. The Company has since filed an application with the Honble High Court of Calcutta at Kolkata, for its approval to the said amalgamation of the Company with the above mentioned companies and the same is under process. The Directors believe that the amalgamation would achieve economies of scale, and other operational synergies which would result in the optimization of operation and capital expenditure and lead to increased competitive strength, cost reduction and efficiencies, productivity gains by pooling the financial, managerial and technical resources, personnel capabilities, skill expertise and technologies of both the Companies. DEPOSITS The Company has not accepted any deposits from the public during the year pursuant to the provisions of section 58A of the Companies Act, 1956 and the Deposit Rules.
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10529336 |
07/11/2014 |
130,000,000.00 |
Citi Bank N.A. |
Kanak Building,, 41, Chowringhee Road,, Kolkata, |
C32401127 |
|
2 |
10529337 |
07/11/2014 |
130,000,000.00 |
Citi Bank N.A. |
Kanak Building,, 41 Chowringhee Road,, Kolkata, West Bengal - 700071,
INDIA |
C32402604 |
|
3 |
10380910 |
19/07/2013 * |
130,000,000.00 |
Citibank N.A |
Kanak Bulding, 41 Chowringhee Road, Kolkata, West |
B80461197 |
|
4 |
90245205 |
13/09/1995 |
2,000,000.00 |
BANK OF INDIA |
CULCUTTA OVERSEAAS BRANCH, 23B N.S ROAD, KOLKATA, |
- |
* Date of charge modification
FIXED ASSETS
- Land
- Building
- Furniture and fixture
- Vehicle
- Computer
- 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 records 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 records 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.64.96 |
|
|
1 |
Rs.99.54 |
|
Euro |
1 |
Rs.71.64 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
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 |
|
47 |
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.