MIRA INFORM REPORT
|
Report No. : |
346070 |
|
Report Date : |
27.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
EAGLE BURGMANN INDIA PRIVATE LIMITED (w.e.f. 31.03.2009) |
|
|
|
|
Formerly Known
As : |
EAGLE SEALS AND SYSTEMS INDIA LIMITED (w.e.f. 26.06.2006) EAGLE POONAWALLA INDUSTRY LIMITED SEALOL HINDUSTAN PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No 64, Ramtekadi Industrial Area, Hadapsar, Pune – 411013, Maharashtra |
|
Tel. No.: |
91-20-26812901 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2013 |
|
|
|
|
Date of
Incorporation : |
11.12.1973 |
|
|
|
|
Com. Reg. No.: |
11-030296 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 29.201 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299PN1973PTC030296 |
|
|
|
|
IEC No.: |
0388016451 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEE00631B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCS5287P |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
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|
|
|
Line of Business
: |
Manufacturer of Sale of Mechanical Seals. |
|
|
|
|
No. of Employees
: |
750 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1973 and it is engaged in the
manufacturing of mechanical seals and sealing systems which are used in
various industry segments like power generation, oil and gas production and
refinery and petrochemicals. Management has not filed its financial record with government
department for the year 2014. As per the financial record of 2013, the company has reported marginal
dip of 4.11% in its revenue profile but it has maintained decent
profitability margins at 16.65% during the year under a review. Rating takes into consideration promoters extensive industry
experience backed by company’s established track record of business
operations and diversified client base. Rating also takes into consideration its healthy financial profile
supported by its zero debt balance sheet along with adequate net worth and
strong debt protector indicators. Trade relations are reported as fair. Payments are reported to be
regular and as per commitment. In view of aforesaid, the company can be considered good for normal
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. Suriya Pal |
|
Designation : |
Finance Head |
|
Contact No.: |
91-9310502026 |
|
Date : |
23.10.2015 |
|
Name : |
Mr. Amol |
|
Designation : |
Accountant |
|
Contact No.: |
91-20-26812901 |
|
Date : |
23.10.2015 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No 64, Ramtekadi Industrial Area, Hadapsar, Pune – 411013,
Maharashtra, India |
|
Tel. No.: |
91-20-26812901 |
|
Mobile No.: |
91-9310502026 (Mr. Suriya Pal) |
|
Fax No.: |
91-20-26812915 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Sales and Marketing Office : |
706-708 Bhandari House 91 Nehru Place, New Delhi – 1100019, India |
|
|
|
|
Branch Office : |
Located at :
|
DIRECTORS
AS ON 25.03.2014
|
Name : |
Mr. Jimmy Minoo Panthaki |
|
Designation : |
Managing Director |
|
Address : |
Wadia Building 6 Babulnath Road, Mumbai-400007, Maharashtra, India. |
|
Date of Birth/Age : |
11.11.1945 |
|
Date of Appointment : |
01.04.2010 |
|
Din No.: |
00055599 |
|
PAN No.: |
AADPP0477F |
|
|
|
|
Name : |
Mr. Kirit Natverlal Shah |
|
Designation : |
Director |
|
Address : |
701, Mount J P Road, Versova, Andheri (West) Mumbai-400061, Maharashtra, India. |
|
Date of Birth/Age : |
11.11.1949 |
|
Date of Appointment : |
17.07.2008 |
|
Din No.: |
00055824 |
|
PAN No.: |
ABEPS5595D |
|
|
|
|
Name : |
Mr. Yasunari Unemura |
|
Designation : |
Director |
|
Address : |
5-2-31-Hingashikaigan, Minami Chigasaki, Kangawa, Japan |
|
Date of Birth/Age : |
12.03.1950 |
|
Date of Appointment : |
06.09.2005 |
|
Din No.: |
00494161 |
|
|
|
|
Name : |
Mr. Lokanathann Nanjundeshwarachari Kaveripattin |
|
Designation : |
Director |
|
Address : |
B-36 341 Migcolony, Betagaya Ku, Tokyo – 1560043, Japan |
|
Date of Birth/Age : |
15.12.1952 |
|
Date of Appointment : |
20.06.2011 |
|
Din No.: |
01908421 |
|
PAN No.: |
AANPK8229L |
|
|
|
|
Name : |
Mr. Tetsuji Tsure |
|
Designation : |
Director |
|
Address : |
7-1-21-509, Minami Ayoma, Minato-Ku, Tokyo, Japan. |
|
Date of Birth/Age : |
16.08.1949 |
|
Date of Appointment : |
20.01.1999 |
|
Din No.: |
02302960 |
|
|
|
|
Name : |
Mr. Takafumi Tsuchiya |
|
Designation : |
Director |
|
Address : |
1044-14,Hamanogo, Chigasaki Shi Kahagawa, Japan |
|
Date of Birth/Age : |
30.01.1957 |
|
Date of Appointment : |
29.06.2009 |
|
Din No.: |
02410798 |
|
|
|
|
Name : |
Mr. Gurbax Singh |
|
Designation : |
Director |
|
Address : |
W 302, Sacred Heart, Town Wanowarie, Pune-411040, Maharashtra, India. |
|
Date of Birth/Age : |
10.06.1960 |
|
Date of Appointment : |
11.05.2010 |
|
Din No.: |
02831789 |
|
PAN No.: |
ABLPS3258E |
|
|
|
|
Name : |
Mr. Atul Bivalkar |
|
Designation : |
Director |
|
Address : |
Suryaprabha Garden, Bibwewadi Kondhawa Road, Pune-411024, Maharashtra, India |
|
Date of Birth/Age : |
05.06.1970 |
|
Date of Appointment : |
11.05.2010 |
|
Din No.: |
02831794 |
|
PAN No.: |
ABCPB6944P |
|
|
|
|
Name : |
Norio Hirotoshi Uemura |
|
Designation : |
Director |
|
Address : |
5248-28, Oba, Fujisawa-Shi, Kanagawa, Japan Kanagawa |
|
Date of Appointment : |
30.12.2013 |
|
Din No.: |
06775432 |
|
|
|
|
Name : |
Masaki Nakao |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Suriya Pal |
|
Designation : |
Finance Head |
|
|
|
|
Name : |
Mr. Amol |
|
Designation : |
Accountant |
|
|
|
|
Name : |
Mr. Bharti Vijay Gangwani |
|
Designation : |
Secretary |
|
Address : |
IRIS A 401, Magarpatta City, Hadapsar, Pune – 411028, Maharashtra,
India |
|
Date of Birth/Age : |
16.04.1982 |
|
Date of Appointment : |
16.10.2008 |
|
PAN No.: |
ANNPM6813D |
|
|
|
|
Name : |
Mr. Inder Singh |
|
Designation : |
Maintenance Head |
MAJOR SHAREHOLDERS
AS ON 25.03.2014
|
Names of Shareholders |
|
No. of Shares |
|
Eagle Industry Company Limited, Japan |
|
112813 |
|
Ashish Suresh Gulati |
|
1 |
|
Nidhi Sunil Seth |
|
1 |
|
Kumarnirvaan Anil Gupta |
|
1 |
|
Rohit Subhash Berry |
|
1 |
|
Saurabh Bhushan Garg |
|
1 |
|
Shishir Mahendra Sharma |
|
1 |
|
Burgmann International Gmbh, Germany |
|
112819 |
|
Ebi Asia Pte Limited, Singapore |
|
66372 |
|
Total |
|
292010 |
AS ON 25.03.2014
Equity Share Break up (Percentage of Total Equity)
|
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 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Sale of Mechanical Seals. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
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|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Cheque |
|
|
|
|
Purchasing : |
L/C and Cheque |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
|
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Customers : |
Not Divulged
|
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No. of Employees : |
750 (Approximately) |
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Bankers : |
|
||||||||||||||||||||||
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|
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Auditors : |
|
|
Name : |
S.R. Batliboi and Company Chartered Accountants |
|
Address : |
C-401, Fourth Floor, |
|
PAN No.: |
AALFS0506L |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Fellow Subsidiary Company : |
EKK Eagle Products India Private Limited |
|
|
|
|
Others : |
|
|
|
|
|
Associate : |
Eagle Industry Company Limited, Japan |
CAPITAL STRUCTURE
As on 25.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1200000 |
Equity Shares |
Rs. 100/- each |
Rs.120.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
292010 |
Equity Shares |
Rs. 100/- each |
Rs. 29.201 Millions |
|
|
|
|
|
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 |
29.201 |
29.201 |
29.201 |
|
(b) Reserves & Surplus |
3261.555 |
2807.150 |
2271.076 |
|
(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) |
3290.756 |
2836.351 |
2300.277 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
24.222 |
18.782 |
16.512 |
|
(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) |
24.222 |
18.782 |
16.512 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
204.367 |
240.344 |
292.943 |
|
(c) Other
current liabilities |
43.768 |
57.962 |
49.380 |
|
(d) Short-term
provisions |
165.145 |
135.272 |
54.064 |
|
Total Current
Liabilities (4) |
413.280 |
433.578 |
396.387 |
|
|
|
|
|
|
TOTAL |
3728.258 |
3288.711 |
2713.176 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
965.855 |
765.099 |
645.701 |
|
(ii) Intangible
Assets |
29.418 |
23.078 |
8.603 |
|
(iii)
Capital work-in-progress |
33.726 |
75.068 |
9.900 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.025 |
0.025 |
0.025 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
129.041 |
169.766 |
74.625 |
|
(e) Other
Non-current assets |
8.951 |
8.868 |
23.624 |
|
Total Non-Current
Assets |
1167.016 |
1041.904 |
762.478 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
1372.581 |
928.326 |
667.279 |
|
(b)
Inventories |
426.728 |
527.744 |
513.806 |
|
(c) Trade
receivables |
526.840 |
676.653 |
542.268 |
|
(d) Cash
and cash equivalents |
145.894 |
68.272 |
141.766 |
|
(e)
Short-term loans and advances |
86.166 |
44.882 |
84.858 |
|
(f) Other
current assets |
3.033 |
0.930 |
0.721 |
|
Total
Current Assets |
2561.242 |
2246.807 |
1950.698 |
|
|
|
|
|
|
TOTAL |
3728.258 |
3288.711 |
2713.176 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
2728.760 |
|
2687.420 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
2728.760 |
2845.200 |
2687.420 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
1993.970 |
1967.720 |
1849.640 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
1993.970 |
1967.720 |
1849.640 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
Including
Finance Expenses |
877.480 |
837.780 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
5.790 |
7.270 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
734.790 |
871.690 |
830.510 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
75.540 |
75.340 |
58.640 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
659.250 |
796.350 |
771.870 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
204.840 |
260.270 |
257.220 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
454.410 |
536.080 |
514.650 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1556.15 |
1835.83 |
1762.44 |
|
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 flow from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
16.65 |
18.84 |
19.15 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.84 |
24.78 |
28.55 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.28 |
0.34 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.20 |
5.18 |
4.92 |
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 |
29.201 |
29.201 |
29.201 |
|
Reserves & Surplus |
2271.076 |
2807.150 |
3261.555 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
2300.277 |
2836.351 |
3290.756 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
2687.420 |
2845.200 |
2728.760 |
|
|
|
5.871 |
-4.093 |
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 |
2687.420 |
2845.200 |
2728.760 |
|
Profit |
514.650 |
536.080 |
454.410 |
|
|
19.15% |
18.84% |
16.65% |
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 |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
--- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
--- |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
PERFORMANCE OF THE COMPANY:
The Company has posted an average performance for the period.
The Company has earned a profit after tax of Rs 454.400 Million as compared to Rs 536.070 Million in previous year.
The total turnover of the Company was recorded Rs 2605.570 Million as against Rs 2771.190 Million during the previous year
The Company’s continuous improvement program has made it a quality and price leader across its entire product range of seals and systems. Sales in last 5 years
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10121137 |
03/09/2012 * |
65,000,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING BRANCH AT 214/215, CITY MALL, GANESHKHIND ROAD, PUNE, MAHARASHTRA - 411007, INDIA |
B60348604 |
|
2 |
10079960 |
18/11/2010 * |
60,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A99281388 |
* Date of charge modification
FIXED ASSETS
- Office Premise
- Plant and Machinery
- Furniture Fixture and Office Equipments
- Computers and Computer Peripherals
- Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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. 64.96 |
|
UK Pound |
1 |
Rs. 99.55 |
|
Euro |
1 |
Rs. 71.64 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
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 |
|
54 |
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.