|
|
|
MIRA
INFORM REPORT
|
Report No. : |
488749 |
|
Report Date : |
01.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
LNV TECHNOLOGY PRIVATE LIMITED |
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Registered
Office : |
Sigapi Achi Building, 5th Floor, Door No.18/3, Rukmani
Lakshmipathi Road, Egmore, Chennai – 600 008, Tamilnadu |
|
Tel. No.: |
91-44-42049289 |
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|
|
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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|
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Date of
Incorporation : |
13.02.2001 |
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|
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Com. Reg. No.: |
18-046617 |
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Capital
Investment / Paid-up Capital : |
INR 4.625 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U29296TN2001PTC046617 |
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IEC No.: |
Not Divulged |
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ISO Certificate: |
9001:2008 |
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GSTIN/UIN: |
33AAACL6394H1ZF |
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TIN No: |
33291502462 |
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|
|
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
AAACL6394H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Supply of Waste Heat recovery systems (WHRS), Overland belt conveyor (OLBC) and other Machineries for Cement Manufacturing industries. (Registered Activity) |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
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|
|
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is a subsidiary of “Sinoma International Engineering Hongkong Company Limited”, China. The company was incorporated in the year 2001. It is a supplier of Waste Heat Recovery Systems Overland and other Machineries for Cement Manufacturing Industries. Management has failed to file its financials with Registrar of Companies for the FY 2017. As per the available financial records of 2016, the company has achieved 49.15% growth in its revenue as compared to previous year revenue and has maintained average profitability margin of 5.89% during the year under review. The healthy financial profile of the company is marked by strong networth base along with strong debt coverage indicators due to debt free balance sheet profile. The company has decent earning per share (EPS) of INR 289.38 against the face value (FV) of INR 10. Rating takes into consideration of strong financial and managerial support that company receives from its holding entity backed by its well experienced management team. However, rating is constrained on account of absence of latest financials. Business is active. Payments seems to be regular. 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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term (Suspended) = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
15.12.2016 |
|
Reason for suspension: |
Absence of adequate information |
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial Reconstruction)
list as of 01.02.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
Management Non-Cooperative (91-44-43990000/42049289/69/59)
LOCATIONS
|
Registered Office : |
Sigapi Achi Building, 5th Floor, Door No.18/3, Rukmani
Lakshmipathi Road, Egmore, Chennai – 600 008, Tamilnadu, India |
|
Tel. No.: |
91-44-42049289 |
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Fax No.: |
91-44-42049289/ 52049289 |
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E-Mail : |
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Website : |
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Factory : |
New No.25, Old No.13, Harrington Road, Chetpet, Chennai-600031,
Tamilnadu, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Vellanki Chandrasekhara Rao |
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Designation : |
Managing Director |
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Address : |
Courtyard E-3, Plot No.27, Pycrofts Garden Road, Nungambakkam, Chennai – 600006, Tamilnadu, India |
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Date of Birth/Age : |
22.05.1954 |
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Date of Appointment : |
31.08.2016 |
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PAN No.: |
AAFPR4776B |
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DIN No.: |
01716287 |
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Other Directorship:
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Name : |
Mr. Hans Jorgen Ibsen Nielsen |
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Designation : |
Director |
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Address : |
House No.302, Moo Tee 2 Subdistrict Namsuem, District Muang Uthai Thanee Province Uthaithanee - 61000 TH |
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Date of Birth/Age : |
14.11.1949 |
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Date of Appointment : |
13.02.2001 |
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DIN No.: |
02540779 |
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Other Directorship:
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||||||||||||||||
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Name : |
Mr. Shoushun Song |
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Designation : |
Director |
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Address : |
No. 402, Entrance 2, Building 17 Shiming Apartments, Beicang Town, Beiche N District Tianjin NA CN |
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Date of Birth/Age : |
10.03.1963 |
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Date of Appointment : |
03.06.2013 |
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DIN No.: |
06565228 |
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|
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Name : |
Mr. Laigou Tong |
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Designation : |
Director |
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Address : |
China National Nonmettalic Minerals Industrial Corporation, No.11, Sanlihe Road, Haidia N District Beijing NA CN |
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Date of Birth/Age : |
09.12.1964 |
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Date of Appointment : |
03.06.2013 |
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DIN No.: |
06565240 |
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|
||||||||||||||||
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Name : |
Mr. Mingfei Li |
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Designation : |
Director |
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Address : |
No.1, Yinhebei Dao, Beicang Town, Beichen District Tianjin NA CN |
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Date of Birth/Age : |
23.09.1978 |
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Date of Appointment : |
03.06.2013 |
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DIN No.: |
06565375 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
LV Technology Public Limited, Thailand |
74000 |
16.00 |
|
Vellanki Chandrasekhara Rao |
74000 |
16.00 |
|
Sinoma International Engineering Hong Kong Company Limited, Hong Kong |
314500 |
68.00 |
|
Total |
462500 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 31.08.2016
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
16.00 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
84.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Supply of Waste Heat recovery systems (WHRS), Overland belt conveyor (OLBC) and other Machineries for Cement Manufacturing industries. (Registered Activity) |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Rao Narayan Associates Chartered Accountants |
|
Address : |
10, Oliver Road, Mylapore, Chennai – 600004, Tamilnadu, India |
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Tel. No.: |
91-44-24991004 |
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Fax No.: |
91-44-24660943 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFR5140E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company: |
· Sinoma International Engineering (Hong Kong) Company Limited |
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Associates: |
· Vertex Cements Private Limited – [U26940AP2012PTC096671] |
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Subsidiary company: |
· Precitech Manufacturing Private Limited - [U27109TN2003PTC051030] |
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Fellow Subsidiary Company: |
· Sinoma Engineering Technology Private Limited · Sinoma Energy Conservation Limited |
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|
|
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Other Related
Parties: |
· LV Technology Public Company Limited · LV Technology engineering Tianjin Company Limited |
CAPITAL STRUCTURE
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 10/- each |
INR 5.000 Million |
|
10000 |
Preference Shares |
INR 100/- each |
INR 1.000 Million |
|
|
Total |
|
INR 6.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
462500 |
Equity Shares |
INR 10/- each |
INR 4.625 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
4.625 |
4.625 |
4.625 |
|
(b) Reserves and Surplus |
1299.114 |
1201.457 |
1104.821 |
|
(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) |
1303.739 |
1206.082 |
1109.446 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
3.052 |
4.297 |
|
(b) Deferred tax liabilities (Net) |
8.321 |
11.438 |
17.905 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
18.050 |
16.347 |
12.634 |
|
Total Non-current
Liabilities (3) |
26.371 |
30.837 |
34.836 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
618.474 |
629.844 |
378.312 |
|
(c) Other
current liabilities |
563.576 |
651.275 |
487.953 |
|
(d) Short-term
provisions |
42.624 |
36.857 |
64.708 |
|
Total Current
Liabilities (4) |
1224.674 |
1317.976 |
930.973 |
|
|
|
|
|
|
TOTAL |
2554.784 |
2554.895 |
2075.255 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
69.343 |
89.732 |
122.948 |
|
(ii)
Intangible Assets |
1.410 |
2.820 |
4.230 |
|
(iii) Tangible assets
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 |
264.997 |
267.830 |
216.927 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
169.825 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
335.750 |
360.382 |
513.930 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
76.142 |
67.969 |
142.734 |
|
(c) Trade
receivables |
995.545 |
1197.848 |
828.014 |
|
(d) Cash and
bank balances |
787.410 |
509.904 |
397.995 |
|
(e)
Short-term loans and advances |
359.937 |
418.792 |
192.582 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
2219.034 |
2194.513 |
1561.325 |
|
|
|
|
|
|
TOTAL |
2554.784 |
2554.895 |
2075.255 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2271.737 |
1523.047 |
1119.450 |
|
|
Other Income |
68.796 |
65.154 |
45.020 |
|
|
TOTAL |
2340.533 |
1588.201 |
1164.470 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1595.093 |
907.291 |
593.976 |
|
|
Employee benefit expense |
147.877 |
140.660 |
124.672 |
|
|
CSR expenditure |
3.511 |
3.475 |
0.000 |
|
|
Other expenses |
365.994 |
297.005 |
233.640 |
|
|
TOTAL |
2112.475 |
1348.431 |
952.288 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
228.058 |
239.770 |
212.182 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
(1.675) |
0.475 |
5.209 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
229.733 |
239.295 |
206.973 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
25.061 |
38.250 |
25.584 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
204.672 |
201.045 |
181.389 |
|
|
|
|
|
|
|
Less |
TAX |
70.833 |
68.335 |
61.654 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
133.839 |
132.710 |
119.735 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
289.38 |
286.94 |
258.88 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Cash generated from operations |
214.289 |
88.287 |
151.431 |
|
Net cash flows from (used in) operations |
259.886 |
107.394 |
51.492 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average
Collection Days (Sundry Debtors /
Income * 365 Days) |
159.95 |
287.07 |
269.98 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.28 |
1.27 |
1.35 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
141.52 |
253.38 |
232.47 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
3.00 |
3.53 |
1.49 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
3.22 |
2.59 |
1.67 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current
Liabilities) / Total Assets) |
0.48 |
0.52 |
0.45 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.94 |
1.09 |
0.84 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.05 |
0.08 |
0.11 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
(136.15) |
504.78 |
40.73 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
5.89 |
8.71 |
10.70 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.24 |
5.19 |
5.77 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
10.27 |
11.00 |
10.79 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets /
Current Liabilities) |
1.81 |
1.67 |
1.68 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.75 |
1.61 |
1.52 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.51 |
0.47 |
0.53 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.66 |
0.93 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.81 |
1.67 |
1.68 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
4.625 |
4.625 |
4.625 |
|
Reserves & Surplus |
1104.821 |
1201.457 |
1299.114 |
|
Net
worth |
1109.446 |
1206.082 |
1303.739 |
|
|
|
|
|
|
Long-term borrowings |
4.297 |
3.052 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
4.297 |
3.052 |
0.000 |
|
Debt/Equity
ratio |
0.004 |
0.003 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
1119.450 |
1523.047 |
2271.737 |
|
|
0.000 |
36.053 |
49.157 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
1119.450 |
1523.047 |
2271.737 |
|
Profit/ (Loss) |
119.735 |
132.710 |
133.839 |
|
|
10.70
% |
8.71
% |
5.89
% |
LEGAL CASE
Top of Form
Civil Judge Senior Division , Taluka Court, Amloh
Case Details
|
Case Type: Cs |
Case Status
|
First Hearing
Date: 24th August 2016 |
Petitioner and Advocate
|
1) VIMAL ALLOYS PRIVATE
LIMITED |
Respondent and Advocate
|
LNV TECHNOLOGY
PRIVATE LIMITED Address - 5TH FLOOR SIGAPAL APACHI BUILDING ,18/3 RUKMANI LAKSHMIPATHY SALAI EGMORE CHENNAI -600008 THROUGH ITS AUTHORIZED PERSON M, ACHARAYA
|
Acts
|
Under Act(s) |
Under Section(s) |
|
Code of Civil Procedure |
9 |
History of Case Hearing
|
Registration Number |
Judge |
Business On Date |
Hearing Date |
Purpose of hearing |
|
414/2016 |
Additional Civil Judge(Sr Divn) |
26-10-2016 |
Appereance |
|
|
414/2016 |
Additional Civil Judge(Sr Divn) |
02-12-2016 |
Reply |
|
|
414/2016 |
Additional Civil Judge(Sr Divn) |
19-01-2017 |
Reply |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: The registered office of the company has been shifted from New No.25, Old No.13, Harrington Road, Chetpet, Chennai-600031, Tamilnadu, India to the present address w.e.f. 10.12.2010
Highlights of operations
during the financial year & State of affairs
From a low of INR 1588.200 Million in 2014-15, the company has improved its turnover in 2015-16 to INR 2340.500 Million which is around 49% in relative terms. Statistically, the turnover for 2015-16 just falls short of the highest turnover of INR 2372.000 Million recorded by the company in the last 15 years.
Taking note of the depressed scenario in the Cement market since 2011-12, during the year, the company has concentrated towards new upcoming areas in Indian market, i.e. Waste Heat Recovery (WHR) and Over-land Belt Conveyor Systems (OLBC). Though this may be considered as diversification in general, but entry of the company into these areas have a direct relevance to the cement sector where the company has more than a decade of experience. The company foresees that these new verticals have immense potential in the medium to long-term and such entry of the company is considered to be an important milestone.
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF
MODIFICATION |
DATE OF
SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G51485142 |
100118679 |
AXIS BANK LIMITED |
03/01/2017 |
- |
- |
240000000.0 |
CORPORATE BANKING BRANCHNO.192, ANNA SALAI, KARUMUTHU NILAYAMCHENNAITN600002IN |
|
2 |
G03225612 |
100025708 |
STATE BANK OF HYDERABAD |
26/02/2016 |
- |
- |
240000000.0 |
THOUSANDS LIGHT BRANCH, 37/B, 1ST FLOORWHITES ROADCHENNAITN600014IN |
|
3 |
B98753908 |
10277528 |
CITIBANK N. A. |
23/03/2011 |
28/02/2014 |
- |
465000000.0 |
NO.163,ANNA SALAI,CHENNAITN600002IN |
|
4 |
G07635618 |
10339419 |
STATE BANK OF HYDERABAD |
17/02/2012 |
- |
30/06/2016 |
3000000.0 |
THOUSANDS LIGHT BRANCH, 37/B, 1ST FLOORWHITES ROADCHENNAITN600014IN |
|
5 |
G07635949 |
10424783 |
STATE BANK OF HYDERABAD |
30/04/2013 |
- |
30/06/2016 |
2300000.0 |
THOUSAND LIGHT BRANCH37/B, WHITES ROADCHENNAITN600014IN |
FIXED ASSETS:
- Plant and equipment
- Other plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
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
|
INR |
|
US Dollar |
1 |
INR 63.68 |
|
|
1 |
INR 90.35 |
|
Euro |
1 |
INR 79.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
NKTS |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low risk
of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.