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|
|
%20PRIVATE%20LIMITED%20-%20491779_MIRA%2012-Feb-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20491779_MIRA%2012-Feb-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20-%20491779_MIRA%2012-Feb-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
491779 |
|
Report Date : |
12.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
LEONI CABLE SOLUTIONS (INDIA) PRIVATE LIMITED (w.e.f. 05.08.2008) |
|
|
|
|
Formerly Known As
: |
LEONI SPECIAL CABLES (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Indospace Rohan Industrial Park, Gat No-428, Village Mahalunge, Off
Chakan - Talegaon Road, Taluka-Khed, Pune – 410501, Maharashtra |
|
Tel. No.: |
91-2135-391600/42/10/52 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
20.01.2006 |
|
|
|
|
Com. Reg. No.: |
11-149865 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 1599.728 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31300PN2006PTC149865 |
|
|
|
|
IEC No.: |
0306031841 |
|
|
|
|
TIN/CST No.: |
27340567114 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCL1870F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Trader, Exporter and Sale of wiring and cable systems. (Registered Activity and also Confirmed by management) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a wholly owned subsidiary of “Leoni Kabel Holding GmbH”,
Germany. It is an established company having a moderate track record. Management of the company has not filed its financial with the
government department for the year 2017. As per available financial of 2016, the company possesses moderate
operation performance marked by continuous loss incurring by the company. Rating is further constrained on account of huge accumulated losses
registered and leverage balance sheet profile of the company. However, the rating weakness is partially offset by strong financial
and managerial support that company receives from its holding entity and
improved sales revenue of the company. Trade relations are reported as fair. Business is active. Payments are
seems to be slow but correct. The company can be considered for business dealings with some
caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
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
31-03-2016.
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 12.02.2018
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 DECLINED
Management non-cooperative (Tel
No.:91-2135-391652)
LOCATIONS
|
Registered Office/ Corporate Office/ Factory : |
Indospace Rohan Industrial Park, Gat No-428, Village Mahalunge, Off
Chakan - Talegaon Road, Taluka-Khed, Pune – 410501, Maharashtra, India |
|
Tel. No.: |
91-2135-391600/42/10/ 52 |
|
Fax No.: |
91-2135-391650 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Pushpendra Shyam Singh |
|
Designation : |
Managing Director |
|
Address : |
3A, Sorrento Enclave, No. 4 Sardar, Patel Road, Adyar, Chennai – 600 020, Tamilnadu, India |
|
Date of Birth/Age : |
21.01.1958 |
|
Qualification : |
B.Sc. and MBA |
|
Date of Appointment : |
12.04.2012 |
|
DIN No.: |
05251462 |
|
PAN No.: |
AABPS5152J |
|
|
|
|
Name : |
Mr. Jerry Cummins |
|
Designation : |
Director |
|
Address : |
Von-Reisach-Str.2A, Roth 91154 DE |
|
Date of Birth/Age : |
24.12.1963 |
|
Qualification : |
Engineer |
|
Date of Appointment : |
23.03.2016 |
|
DIN No.: |
07479174 |
KEY EXECUTIVES
|
Name : |
Ms. Vrushali Prashant Eksambekar |
|
Designation : |
Company Secretary |
|
Address : |
F/84, Sneh Society, Mhada Project, Behind Corporation Bank, SR No. 29/1, 30/1, Hingane, Karve Nagar, Pune- 411052, Maharashtra, India |
|
Date of Birth/Age : |
23.07.1987 |
|
Date of Appointment : |
02.06.2014 |
|
PAN No.: |
AAOPE4253F |
|
|
|
|
Name : |
Mr. Narasimhan Swaminathan |
|
Designation : |
Chief Financial Officer |
|
Address : |
J5, Block 3, Jains Swarnakamal, No 69, Arcot Road, Saligramam, Chennai -600093, Tamilnadu, India |
|
Date of Birth/Age : |
24.05.1960 |
|
Date of Appointment : |
30.11.2015 |
|
PAN No.: |
DNRPS2447N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 20.09.2016
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Leoni Kabel Holding GmbH, Germany |
159962800 |
99.99 |
|
Leoni Special Cables GmbH, Germany |
10000 |
0.01 |
|
Total |
159972800 |
100.00 |
%20PRIVATE%20LIMITED%20-%20491779_MIRA%2012-Feb-2018_files/image020.gif)
Equity Share Break up (Percentage of Total Equity)
As on 20.09.2016
|
Category |
Percentage |
|
Promoters (Bodies corporate) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader, Exporter and Sale of wiring and cable systems. (Registered Activity and also Confirmed by management) |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
SRBC and Company LLP Chartered Accountants |
|
Address : |
C-401, Panchshil Tech Park, Yerwada (Near Don Bosco School), Pune-411 006, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ACHFS9117R |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding company : |
Leoni Kabel Holding GmbH, Germany |
|
|
|
|
Ultimate Holding
Company : |
Leoni AG, Germany |
|
|
|
|
Fellow Subsidiary
Companies : |
|
CAPITAL STRUCTURE
After 20.09.2016
Authorised Capital :INR 2190.000 Million
Issued, Subscribed & Paid-up Capital :INR 2189.728
Million
As on 20.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
160000000 |
Equity Shares |
INR 10/- each |
INR 1600.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
159972800 |
Equity Shares |
INR 10/- each |
INR 1599.728
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
1599.728 |
999.728 |
499.728 |
|
(b) Reserves & Surplus |
(1514.484) |
(954.483) |
(550.731) |
|
(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) |
85.244 |
45.245 |
(51.003) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
99.000 |
340.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
36.839 |
23.024 |
9.210 |
|
(d) long-term
provisions |
1.802 |
0.000 |
1.578 |
|
Total Non-current
Liabilities (3) |
137.641 |
363.024 |
10.788 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
1241.692 |
920.105 |
971.988 |
|
(b) Trade
payables |
279.703 |
273.447 |
287.931 |
|
(c) Other
current liabilities |
358.407 |
31.830 |
42.897 |
|
(d) Short-term
provisions |
4.226 |
4.450 |
2.242 |
|
Total Current
Liabilities (4) |
1884.028 |
1229.832 |
1305.058 |
|
|
|
|
|
|
TOTAL |
2106.913 |
1638.101 |
1264.843 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
585.086 |
585.819 |
588.263 |
|
(ii) Intangible
Assets |
0.116 |
0.517 |
0.941 |
|
(iii)
Capital work-in-progress |
1.730 |
7.321 |
23.628 |
|
(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 |
311.910 |
175.015 |
49.256 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
898.842 |
768.672 |
662.088 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
473.018 |
422.089 |
287.435 |
|
(c) Trade
receivables |
571.524 |
340.254 |
202.867 |
|
(d) Cash
and cash equivalents |
0.002 |
0.002 |
1.500 |
|
(e)
Short-term loans and advances |
163.527 |
107.084 |
110.953 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1208.071 |
869.429 |
602.755 |
|
|
|
|
|
|
TOTAL |
2106.913 |
1638.101 |
1264.843 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1750.191 |
1404.105 |
542.745 |
|
|
|
Other Income |
4.647 |
0.927 |
1.029 |
|
|
|
TOTAL |
1754.838 |
1405.032 |
543.774 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1086.605 |
1125.420 |
414.965 |
|
|
|
Purchases of Stock-in-Trade |
290.770 |
116.340 |
144.480 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
57.061 |
(99.015) |
(110.606) |
|
|
|
Employees benefits expense |
127.096 |
125.452 |
101.663 |
|
|
|
Other expenses |
501.962 |
321.662 |
257.054 |
|
|
|
TOTAL |
2063.494 |
1589.859 |
807.556 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(308.656) |
(184.827) |
(263.782) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
191.565 |
170.314 |
63.438 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND
AMORTISATION |
(500.221) |
(355.141) |
(327.220) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
59.780 |
48.610 |
94.388 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(560.001) |
(403.751) |
(421.608) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(560.001) |
(403.751) |
(421.608) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
138. 500 |
52.736 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (INR) |
(5.17) |
(6.92) |
(15.71) |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
340.000 |
0.000 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
(674.608) |
(572.160) |
(338.258) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
119.19 |
88.45 |
136.43 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.06 |
4.13 |
2.68 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
74.12 |
80.38 |
187.86 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
(0.65) |
(0.44) |
(0.92) |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
(0.53) |
(0.31) |
(0.43) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
1.10 |
0.96 |
1.03 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
19.72 |
27.85 |
(19.06) |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
22.10 |
27.18 |
(25.59) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
6.89 |
13.12 |
(12.02) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
(1.61) |
(1.09) |
(4.16) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
(32.00) |
(28.76) |
(77.68) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(26.58) |
(24.65) |
(33.33) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(656.94) |
(892.37) |
826.63 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.64 |
0.71 |
0.46 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.39 |
0.36 |
0.24 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.04 |
0.03 |
-0.04 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.05 |
1.26 |
1.95 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.64 |
0.71 |
0.46 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are in
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 |
499.728 |
999.728 |
1599.728 |
|
Reserves & Surplus |
(550.731) |
(954.483) |
(1514.484) |
|
Net
worth |
(51.003) |
45.245 |
85.244 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
340.000 |
99.000 |
|
Short term borrowings |
971.988 |
920.105 |
1241.692 |
|
Total
borrowings |
971.988 |
1260.105 |
1340.692 |
|
Debt/Equity
ratio |
(19.057) |
27.851 |
15.728 |
%20PRIVATE%20LIMITED%20-%20491779_MIRA%2012-Feb-2018_files/image022.gif)
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 |
542.745 |
1404.105 |
1750.191 |
|
|
|
158.704 |
24.648 |
%20PRIVATE%20LIMITED%20-%20491779_MIRA%2012-Feb-2018_files/image024.gif)
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 |
542.745 |
1404.105 |
1750.191 |
|
Profit/ (Loss) |
(421.608) |
(403.751) |
(560.001) |
|
|
(77.68%) |
(28.76%) |
(32.00%) |
%20PRIVATE%20LIMITED%20-%20491779_MIRA%2012-Feb-2018_files/image026.gif)
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 |
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 |
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 |
CORPORATE INFORMATION
The company was incorporated on January 31, 2006. The company is a subsidiary of Leoni Kabel Holdings GmbH. The company is engaged in the manufacturing and sale of wiring and cable systems. The company has its manufacturing facility at Chakan, near Pune. The company commenced its commercial production in the month of May 2013.
STATE OF COMPANY’S
AFFAIRS AND FUTURE OUTLOOK
The total revenue for the year is INR 1755.000 million compared to INR 1405.000 million in the previous year, with a growth of approximately 25%. Revenue growth included growth in all business units of the Industrial projects segment of the business. The Directors are continuously looking for avenues for future growth of the Company, especially with several Government initiatives in infra structure, Solar power generation and Railways.
The Loss after Tax during the year increased to INR 560.000 million as compared to INR 404.000 million in the previous year. The company has initiated significant investment for standard production and operational processes through SAP mainframe structure with a focus on improving operational and production efficiency. With the impending setup of Ebeam cross linking facility, the Company is expecting remarkable growth in business. The company continues to pursue approvals of its products with several Government departments like EIL, NTPC and RDSO and hopes to expand its business across all business units and through increase its customer based the medium to long term.
UNSECURED LOAN
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from banks |
99.000 |
340.000 |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from banks |
1241.692 |
920.105 |
|
Total |
1340.692 |
1260.105 |
INDEX
OF CHARGES: NO CHARGES EXISTS FOR COMPANY
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
Other money for which company is contingently liable |
12.526 |
2.238 |
FIXED ASSETS
- Plant and equipment
- Factory Equipments
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer Equipments
- Leasehold improvements
- Computer software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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 63.61 |
|
|
1 |
INR 90.17 |
|
Euro |
1 |
INR 78.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE FACTORS
|
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 |
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.