MIRA INFORM REPORT
|
Report No. : |
340030 |
|
Report Date : |
08.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
FUJIFILM SERICOL INDIA PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
SERICOL INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
10/11, B. U. Bhandari Industrial Estate, Gat No. 151/2-2, Shirur,
Sanaswadi, Pune – 412208, Maharashtra |
|
Tel. No.: |
91-2137-392500 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on)
: |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
19.02.1996 |
|
|
|
|
Com. Reg. No.: |
11-097416 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.73.458 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24223MH1996PTC097416 |
|
|
|
|
IEC No.: |
0396015123 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCS0098L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of printing inks, thinners and
additives and trading of printing inks, thinners, additives and digital
machines. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (58) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 1601000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is subsidiary of Fujifilm Sericol International Limited. It is
an established company having fine track. The company has reported another good financial year performance
during FY2014. The sales turnover of the company grew by 27% whereas,
profitability has increased by 38% during year under review. Furthermore, the
company has healthy financial risk profile marked by strong networth, debt
free balance sheet and comfortable liquidity position during FY2014. Trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitment. In view of aforesaid, subject company can be considered normal 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
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Sudhir Pai |
|
Designation : |
Finance Department |
|
Contact No.: |
91-2137-392500 |
|
Date : |
05.09.2015 |
LOCATIONS
|
Registered Office/ Factory/ Warehouse : |
10/11, B. U. Bhandari Industrial Estate, Gat No. 151/2-2, Shirur,
Sanaswadi, Pune – 412208, Maharashtra, India |
|
Tel. No.: |
91-2137-392500/ 252048 |
|
Fax No.: |
91-2137-392555 |
|
E-Mail : |
|
|
Website : |
raghav.rao@fujifilmsericol.com |
|
Location : |
Owned |
|
Locality : |
Commercial |
DIRECTORS
AS ON 24.09.2014
|
Name : |
Mr. Ganesh Rajappaiyer Krishnan |
||||||||||||||||
|
Designation : |
Whole-time director |
||||||||||||||||
|
Address : |
Flat No. 502, Building A-7 Kumar Preeana,, D. P. Road, Aundh, Pune - 411007, Maharashtra, India |
||||||||||||||||
|
Date of Birth/Age : |
02.08.1959 |
||||||||||||||||
|
Date of Appointment : |
01.09.2013 |
||||||||||||||||
|
DIN No.: |
00231641 |
||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Peter Joseph Kenehan |
||||||||||||||||
|
Designation : |
Nominee director |
||||||||||||||||
|
Address : |
24, Fitzmary Avenue,, Margate, Kent, CT95EL, United Kingdom |
||||||||||||||||
|
Date of Birth/Age : |
25.11.1958 |
||||||||||||||||
|
Date of Appointment : |
01.06.2010 |
||||||||||||||||
|
DIN No.: |
03034554 |
||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Takuo Ito |
||||||||||||||||
|
Designation : |
Nominee director |
||||||||||||||||
|
Address : |
8-19-59 Hisagi, Zushi, Kanagawa, 2490001, Japan |
||||||||||||||||
|
Date of Birth/Age : |
21.07.1957 |
||||||||||||||||
|
Date of Appointment : |
01.06.2010 |
||||||||||||||||
|
DIN No.: |
03040700 |
||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Prasanna Raghavarao Motupalli |
||||||||||||||||
|
Designation : |
Managing director |
||||||||||||||||
|
Address : |
A/4, Ganga Heights, S. No. 276, Ashiyana Park, Baner, Pune - 411007, Maharashtra, India |
||||||||||||||||
|
Date of Birth/Age : |
20.02.1960 |
||||||||||||||||
|
Date of Appointment : |
01.09.2013 |
||||||||||||||||
|
DIN No.: |
03588377 |
||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Robert Augustus Fassam |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
Sequoia, Vale Road,, Broadstairs, CT102JG, United Kingdom |
||||||||||||||||
|
Date of Birth/Age : |
10.06.1959 |
||||||||||||||||
|
Date of Appointment : |
01.10.2014 |
||||||||||||||||
|
DIN No.: |
06399669 |
||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Laxman Kashinath Sathe |
||||||||||||||||
|
Designation : |
Alternate director |
||||||||||||||||
|
Address : |
B - 4/501, Lunkad Colonnade, Viman Nagar, Pune - 411014, Maharashtra, India |
||||||||||||||||
|
Date of Birth/Age : |
10.06.1959 |
||||||||||||||||
|
Date of Appointment : |
27.05.2014 |
||||||||||||||||
|
DIN No.: |
06651123 |
||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Sunil Kumar Happa |
||||||||||||||||
|
Designation : |
Whole-time director |
||||||||||||||||
|
Address : |
Flat No. 404, Bramha Exuberance, Building E, S. No. 13/1/2/3, Nibm Road, Kondhwa, Pune - 411048, Maharashtra, India |
||||||||||||||||
|
Date of Birth/Age : |
21.03.1965 |
||||||||||||||||
|
Date of Appointment : |
01.09.2013 |
||||||||||||||||
|
DIN No.: |
06651277 |
||||||||||||||||
KEY EXECUTIVES
|
Name : |
P S Chandrasekhar |
|
Designation : |
Secretary |
|
Address : |
D-6, Kubera Gulshan, Dp. Road, Aundh, Pune - 411007, Maharashtra, India |
|
Date of Birth/Age : |
18.09.1954 |
|
Date of Appointment : |
02.01.2014 |
|
PAN No.: |
AANPC6380C |
|
|
|
|
Name : |
Mr. Sudhir Pai |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 24.09.2014
|
Names of Shareholders |
No. of Shares |
|
Fujifilm Sericol International Limited, United Kingdom |
7345799 |
|
Prasanna Raghavarao Motupalli |
1 |
|
Total |
7345800 |
AS ON 24.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of printing inks, thinners and
additives and trading of printing inks, thinners, additives and digital
machines. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
|
|
Products : |
Inks, Thinners, Additives and Digital Machines. |
|
Countries : |
· Asian Countries · Bangladesh · Thailand · Australia · USA |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
· UK · Germany |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (60 days and 90 days) |
|
|
|
|
Purchasing : |
Cash and Credit (60 days and 90 days) |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Retailers and End Users
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
100 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
· The Hongkong And Shanghai Banking Corporation Limited Amar Avinash Corporate City, Sector No.11, Bund Garden Road,
Pune - 411001, Maharashtra, India |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
-- |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Company Chartered Accountants |
|
Address : |
C 401, 4Th Floor, Panchshil Techpark, Yerwada,(Near Don Bosco School), Pune – 411006, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ABSFS4151K |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding Company |
Fujifilm Sericol International Limited, U.K |
|
|
|
|
Holding Company of
Parent Company : |
Fujifilm Speciality Ink Systems Limited |
|
|
|
|
Fellow Subsidiary
companies: |
· Fujifilm (Malaysia) Sdn Bhd · Fujifilms Thailand Limited · Fujifilm North America Corpn · Fujifilm Asia Pacific Pte. Limited · Fujifilm Australia Pty Limited |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11,510,000 |
Equity Shares |
Rs.10/- each |
Rs. 115.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7,345,800 |
Equity Shares |
Rs.10/- each |
Rs.73.458
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 |
73.458 |
73.458 |
73.458 |
|
(b) Reserves & Surplus |
486.949 |
380.448 |
303.641 |
|
(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) |
560.407 |
453.906 |
377.099 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
1.928 |
1.241 |
0.839 |
|
Total
Non-current Liabilities (3) |
1.928 |
1.241 |
0.839 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
39.460 |
46.642 |
35.075 |
|
(c)
Other current liabilities |
11.797 |
15.326 |
11.388 |
|
(d)
Short-term provisions |
10.651 |
11.574 |
7.017 |
|
Total
Current Liabilities (4) |
61.908 |
73.542 |
53.480 |
|
|
|
|
|
|
TOTAL |
624.243 |
528.689 |
431.418 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
131.278 |
120.788 |
110.789 |
|
(ii)
Intangible Assets |
1.166 |
0.387 |
0.633 |
|
(iii)
Capital work-in-progress |
5.665 |
5.273 |
1.802 |
|
(iv) Intangible assets under development |
0.240 |
0.100 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
4.907 |
0.750 |
0.353 |
|
(d) Long-term Loan
and Advances |
8.189 |
15.341 |
8.045 |
|
(e)
Other Non-current assets |
2.802 |
0.410 |
0.110 |
|
Total
Non-Current Assets |
154.247 |
143.049 |
121.732 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
134.015 |
144.797 |
107.747 |
|
(c)
Trade receivables |
125.225 |
124.581 |
111.617 |
|
(d)
Cash and cash equivalents |
194.844 |
100.660 |
74.600 |
|
(e)
Short-term loans and advances |
12.882 |
13.118 |
14.130 |
|
(f)
Other current assets |
3.030 |
2.484 |
1.592 |
|
Total
Current Assets |
469.996 |
385.640 |
309.686 |
|
|
|
|
|
|
TOTAL |
624.243 |
528.689 |
431.418 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
647.288 |
508.383 |
436.435 |
|
|
|
Other Income |
14.058 |
13.180 |
8.767 |
|
|
|
TOTAL (A) |
661.346 |
521.563 |
445.202 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
480.726 |
394.402 |
328.580 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
180.620 |
127.161 |
116.622 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.612 |
0.542 |
0.490 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
179.008 |
126.619 |
116.132 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
16.368 |
13.714 |
11.903 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
162.640 |
112.905 |
104.229 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
56.140 |
36.099 |
33.891 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
106.500 |
76.806 |
70.338 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
69.126 |
63.305 |
50.882 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
69.126 |
70.985 |
57.915 |
|
|
BALANCE CARRIED
TO THE B/S |
106.500 |
69.126 |
63.305 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
220.130 |
125.475 |
103.979 |
|
|
TOTAL EARNINGS |
220.130 |
125.475 |
103.979 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
14.50 |
10.46 |
9.58 |
|
|
PARTICULARS |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
664.000 |
|
|
|
|
|
Expected Sales (2015-2016): Rs. 700.000 Million
The above information has been parted by Mr. Sudhir Pai (Finance
Department)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
0.000 |
0.258 |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from (used in) Operations |
177.947 |
0.000 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
16.45 |
15.11 |
16.12 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
27.90 |
25.01 |
26.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
26.51 |
21.61 |
24.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.25 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
7.59 |
5.24 |
5.79 |
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 |
73.458 |
73.458 |
73.458 |
|
Reserves & Surplus |
303.641 |
380.448 |
486.949 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
377.099 |
453.906 |
560.407 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.258 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.001 |
0.000 |
0.000 |
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 |
436.435 |
508.383 |
647.288 |
|
|
|
16.485 |
27.323 |
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 |
436.435 |
508.383 |
647.288 |
|
Profit |
70.338 |
76.806 |
106.500 |
|
|
16.12% |
15.11% |
16.45% |
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 |
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) |
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 |
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 |
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 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
CORPORATE INFORMATION
The company was incorporated on 19 February 1996. The Company is primarily engaged in the manufacture and marketing of printing inks, thinners and additives and trading of printing inks, thinners, additives and digital machines. The Company caters to both domestic and international markets.
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Motor vehicles
- Office equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No 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. 66.74 |
|
|
1 |
Rs. 101.36 |
|
Euro |
1 |
Rs. 74.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
MAN |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
IND |
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 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
58 |
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.