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|
|
MIRA INFORM REPORT
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Report No. : |
493338 |
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Report Date : |
23.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
AMCO SAFT INDIA PRIVATE LIMITED (w.e.f. 17.11.2015) |
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Formerly Known
As : |
AMCO SAFT INDIA LIMITED AMCO POWER SYSTEMS LIMITED |
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Registered
Office : |
Plot No. 10/1A, IB & 1C Abbanakuppe, Bidadi Industrial Area,
Bangalore- 562109, Karnataka |
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Tel. No.: |
91-80-27307165/ 27307166 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
18.12.1996 |
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Com. Reg. No.: |
08-021517 |
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Capital
Investment / Paid-up Capital : |
INR 196.000 Million |
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CIN No.: [Company Identification
No.] |
U85110KA1996PTC021517 |
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TIN No.: |
29770063463 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
BLRA01575A |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged BLRA01575A |
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PAN No.: [Permanent Account No.] |
AABCA1887D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is into the business of manufacture and sale of storage batteries and related spares, trading in battery chargers. DCCB, etc and providing technical services. (Registered activity) |
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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 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1996. The company manufactures
nickel cadmium batteries. Management has not filed its financial record with government
department for the year 2017 and same are not available from any other
sources. For the financial year ended 2016, the company has reported a decline
in its revenue as compared to the previous year and has incurred operational
losses. The moderate financial position of the company is marked by low
reserve base. Business is active. Payment seems to be slow but correct. In view of aforesaid, 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.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low
Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High
Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Loans = BB+ |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
13.12.2016 |
|
Rating Agency Name |
CRISIL |
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Rating |
Short Term Loans = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
13.12.2016 |
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
23.02.2018
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: Tel. No.: 91-11-40638644 / 27802568
Tel. No.: 91-80-27307165 / 27307166 – Not exists.
LOCATIONS
|
Registered Office/ Head Office : |
Plot No. 10/1A, IB & 1C Abbanakuppe, Bidadi Industrial Area,
Bangalore- 562109, Karnataka, India |
|
Tel. No.: |
91-80-27307165/ 27307166 / 27287947 |
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Fax No.: |
91-80-27287716 |
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E-Mail : |
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Website : |
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New Delhi
Office: |
508, 5th Floor, Hemkunt Chamber, Nehru Place, New Delhi - 110019,
India |
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Tel. No.: |
91-11-40638644 |
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Fax No.: |
91-11-40638644 |
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E-Mail : |
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Mumbai Office: |
Unit No. 303, Building No.3, Sector – 3, Millennium Business Park,
Mahape, Navi Mumbai – 400710, Maharashtra,
India |
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Tel. No.: |
91-22-27782170 |
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E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Pierre Marc Denis Jean Leroy |
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Designation : |
Director |
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Address : |
87, Avenue Paul Doumer Rueil Malmaison France, 92500 |
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Date of Birth/Age : |
18.06.1960 |
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Qualification : |
Graduate |
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Date of Appointment : |
30.06.2012 |
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DIN No.: |
05305460 |
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Name : |
Guy Patrick De Broglie |
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Designation : |
Alternate Director |
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Address : |
No. D404 (4D), 4th Floor, No. 40/4, Yemlur Village Main Road, Off Old
Airport Road, Bangalore-560037, Karnataka, India |
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Date of Birth/Age : |
31.08.1964 |
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Qualification : |
Graduate |
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Date of Appointment : |
21.12.2017 |
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DIN No.: |
07395434 |
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Other Directorship:
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Name : |
Franck Cecchi |
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Designation : |
Director |
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Address : |
10, Rue Carnot Angouleme, 16000, France |
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Date of Birth/Age : |
18.10.1964 |
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Qualification : |
Graduate |
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Date of Appointment : |
25.05.2016 |
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DIN No.: |
07434809 |
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Name : |
Martine Lucienne Marcelle Clement |
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Designation : |
Director |
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Address : |
14 Rue Victor Hugo 95130 LE Plessis-Bouchard France 95130
FR |
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Date of Appointment : |
20.09.2017 |
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DIN No.: |
07649357 |
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KEY EXECUTIVES
|
Name : |
Mahalingam Sridhar |
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Designation : |
Chief Finance Officer |
|
Address : |
Flat B2-G-01-Elita Promenade Apartment, JP Nagar, 7th
Phase, Bangalore – 560078, Karnataka, India |
|
Date of Appointment : |
02.06.2014 |
|
PAN No.: |
AECPS9222A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Tractors and Farm Equipment’s Limited, India |
|
7346000 |
|
SAFT Batteries PTE Limited, Singapore |
|
10004000 |
|
Amco Batteries Limited, India and P B Sampatii |
|
100 |
|
Amco Batteries Limited, India and V Ramamoorthy |
|
100 |
|
Amco Batteries Limited, India and B N Balachandran |
|
100 |
|
Amco Batteries Limited, India |
|
2249500 |
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K. V. Jaganathan and Amco Batteries Limited, India |
|
100 |
|
R. A. Sridhar and Amco Batteries Limited, India |
|
100 |
|
Total |
|
19600000 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2015
|
Category |
Percentage |
|
Promoter - Bodies
corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is into the business of manufacture and sale of storage batteries and related spares, trading in battery chargers. DCCB, etc. and providing technical services. (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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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 declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Kalyaniwala and Mistry Chartered Accountants |
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Address : |
No.102, 2nd Floor, Gangadhara
Chetty Road, Bangalore-560042, Karnataka, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFK7554R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company : |
Saft Batteries Pte. Limited, Singapore |
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Ultimate Holding
Company : |
Saft SA, France |
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Fellow Subsidiary
Company : |
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Others related
parties : |
U29129TN1960PLC004337
U31400TN1955PLC080755 |
CAPITAL STRUCTURE
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19600000 |
Equity Shares |
INR 10/- each |
INR 196.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19600000 |
Equity Shares |
INR 10/- each |
INR 196.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2016 |
01.01.2014 To 31.03.2015 |
01.01.2013 To 31.12.2013 |
|
|
|
(15
Months) |
(12
Months) |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
196.000 |
196.000 |
196.000 |
|
(b) Reserves & Surplus |
152.113 |
231.758 |
196.021 |
|
(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) |
348.113 |
427.758 |
392.021 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
50.616 |
69.816 |
119.605 |
|
(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 |
133.050 |
125.989 |
115.200 |
|
Total
Non-current Liabilities (3) |
183.666 |
195.805 |
234.805 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
106.269 |
116.030 |
117.290 |
|
(b) Trade payables |
735.893 |
465.633 |
387.051 |
|
(c) Other current liabilities |
29.839 |
23.032 |
68.179 |
|
(d) Short-term provisions |
37.808 |
26.416 |
19.193 |
|
Total
Current Liabilities (4) |
909.809 |
631.111 |
591.713 |
|
|
|
|
|
|
TOTAL |
1441.588 |
1254.674 |
1218.539 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
167.207 |
181.055 |
187.990 |
|
(ii) Intangible Assets |
0.993 |
0.938 |
1.592 |
|
(iii) Capital work-in-progress |
7.062 |
7.062 |
12.668 |
|
(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) |
12.036 |
6.553 |
10.094 |
|
(d) Long-term Loan and Advances |
125.701 |
113.086 |
105.875 |
|
(e) Other Non-current assets |
62.974 |
75.010 |
58.987 |
|
Total
Non-Current Assets |
375.973 |
383.704 |
377.206 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
209.690 |
120.881 |
129.908 |
|
(c) Trade receivables |
381.052 |
335.610 |
369.504 |
|
(d) Cash and cash equivalents |
201.388 |
286.142 |
189.531 |
|
(e) Short-term loans and
advances |
24.726 |
8.664 |
5.955 |
|
(f) Other current assets |
248.759 |
119.673 |
146.435 |
|
Total
Current Assets |
1065.615 |
870.970 |
841.333 |
|
|
|
|
|
|
TOTAL |
1441.588 |
1254.674 |
1218.539 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.12.2013 |
|
|
SALES |
|
|
|
|
|
Income |
702.081 |
857.771 |
512.861 |
|
|
Other Income |
41.950 |
72.479 |
45.470 |
|
|
TOTAL
|
744.031 |
930.250 |
558.331 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
546.421 |
630.050 |
394.247 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
13.399 |
12.076 |
(13.808) |
|
|
Employees benefits expense |
77.156 |
85.942 |
50.020 |
|
|
Other expenses |
135.777 |
112.107 |
76.906 |
|
|
TOTAL |
772.753 |
840.175 |
507.365 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(28.722) |
90.075 |
50.966 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
30.678 |
29.017 |
50.860 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(59.400) |
61.058 |
0.106 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
19.427 |
23.443 |
10.458 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(78.827) |
37.615 |
(10.352) |
|
|
|
|
|
|
|
Less |
TAX |
0.818 |
13.941 |
(1.636) |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(79.645) |
23.674 |
(8.716) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
(4.06) |
1.21 |
(0.44) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
01.01.2014 To 31.03.2015 |
01.01.2013 To 31.12.2013 |
|
|
|
(15
Months) |
(12
Months) |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
91.742 |
151.779 |
1.648 |
|
Net cash flows from (used in) operating activities |
79.127 |
144.568 |
(0.923) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
01.01.2014 To 31.03.2015 |
01.01.2013 To 31.12.2013 |
|
|
|
(15
Months) |
(12
Months) |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
198.10 |
142.81 |
262.97 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
1.84 |
2.56 |
1.39 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
491.56 |
269.75 |
358.34 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
(0.14) |
0.75 |
0.39 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
(0.16) |
0.48 |
0.25 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
01.01.2014 To 31.03.2015 |
01.01.2013 To 31.12.2013 |
|
|
|
(15
Months) |
(12
Months) |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.67 |
0.56 |
0.58 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.45 |
0.43 |
0.60 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
2.61 |
1.48 |
1.51 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.50 |
0.44 |
0.52 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
(0.94) |
3.10 |
1.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
01.01.2014 To 31.03.2015 |
01.01.2013 To 31.12.2013 |
|
|
|
|
(15
Months) |
(12
Months) |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
(11.34) |
2.76 |
(1.70) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(5.52) |
1.89 |
(0.72) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(22.88) |
5.53 |
(2.22) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
01.01.2014 To 31.03.2015 |
01.01.2013 To 31.12.2013 |
|
|
|
(15
Months) |
(12
Months) |
|
Current Ratio (Current Assets / Current Liabilities) |
1.17 |
1.38 |
1.42 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.94 |
1.19 |
1.20 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.24 |
0.34 |
0.32 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.80 |
0.95 |
1.21 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.17 |
1.38 |
1.42 |
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 |
31.12.2013 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR In
Million |
INR
In Million |
|
Share Capital |
196.000 |
196.000 |
196.000 |
|
Reserves & Surplus |
196.021 |
231.758 |
152.113 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
392.021 |
427.758 |
348.113 |
|
|
|
|
|
|
Long Term borrowings |
119.605 |
69.816 |
50.616 |
|
Short Term borrowings |
117.290 |
116.030 |
106.269 |
|
Total
borrowings |
236.895 |
185.846 |
156.885 |
|
Debt/Equity
ratio |
0.604 |
0.434 |
0.451 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2013 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
512.861 |
857.771 |
702.081 |
|
|
|
67.252 |
(18.151) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2013 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
512.861 |
857.771 |
702.081 |
|
Profit |
(8.716) |
23.674 |
(79.645) |
|
|
(1.70%) |
2.76% |
(11.34%) |
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) |
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been
shifted from Hebbal Bellary Jakkur Road, Byatrayanapura, Bangalore – 560092,
Karnataka, India to the present address w.e.f.
29.07.2013.
REVIEW OF BUSINESS
OPERATION AND FUTURE PROSPECTS :
The Directors wish to present the following details of operations during the period:
1. Production and
Profitability
The Company has achieved an increased production of 21 M Ah compared to 20 M achieved in the previous financial year on a pro rata basis. The Company has earned a loss of INR 79.645 Million during the current financial year compared to profit of 37.615 Million Profit compared to previous financial year.
2. Sales
The Sales revenue from operations was 15.86 Million with an increase by 2.31 % compared to the previous financial year on a pro rata basis.
3. Marketing and
Market Environment
Pressure from competition on pricing continue in line with the nickel price reduction, having resulting in lower order booking as per L1 tender policy favoring lowest price award, and reduce average price per Ah impacting the profitability.
Oil and Gas business has been impacted by the low price of Oil Future Prospects including constraints due to Government policies Power plants projects delays will postponed to the next period production of new NiCd batteries. Other industrial markets (steel industry, pharmaceutical industry), solar will be search and pursue to insure future growth of the sales. Low maintenance products shall be developed to answer the needs of the market.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from banks |
14.996 |
10.236 |
|
Loans and advances from related parties |
0.000 |
8.190 |
|
Total |
14.996 |
18.426 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
Y10300087 |
90198188 |
CENTRAL BANK OF INDIA |
21/10/2002 |
24/03/2005 |
- |
30000000.0 |
K G ROAD, BANGALORE, KARNATAKA, INDIA |
|
2 |
B66622747 |
80014593 |
CENTRAL BANK OF INDIA |
21/10/2002 |
28/11/2012 |
- |
325000000.0 |
SANTOSH COMPLEX, K.G. ROAD, BANGALORE, KARNATAKA – 560009, INDIA |
FIXED ASSETS
- Land
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
- Leasehold improvements
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
|
INR |
|
US Dollar |
1 |
INR 64.52 |
|
|
1 |
INR 90.12 |
|
Euro |
1 |
INR 79.85 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVT |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
SUJ |
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 |
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.