|
|
|
MIRA INFORM REPORT
|
Report No. : |
484923 |
|
Report Date : |
09.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
KONE ELEVATOR INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
50-55 and 58, Vanagaram Road, Ayanambakkam, Chennai – 600095,
Tamilnadu |
|
Tel. No.: |
91-44-26533901 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
12.06.1984 |
|
|
|
|
Com. Reg. No.: |
18-010913 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 349.472 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29141TN1984FTC010913 |
|
|
|
|
IEC No.: |
0488015430 |
|
|
|
|
GSTIN/UIN : |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK2567P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The
Company is engaged in the business of manufacturing, supply, installation and
commissioning of new elevators; supply, installation and commissioning of new
escalators; maintenance, servicing and modernization of existing elevators
and escalators; and is also engaged in rendering software services to the
group companies. [Registered
Activity] |
|
|
|
|
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 |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Kone OYJ, Finland” and was incorporated on 12th June 1984. The company is engaged in the manufacturer of elevators which include passenger and goods elevators for residential commercial, hospital, industry and public transportation market segments. For the financial year ended 2017, company has achieved 11.45% growth
in its revenue as compared to previous year revenue along with decent profit
margin of 10.49%. Also the company has earned acceptable Earnings Per Share (EPS) of INR
53.51 against the face value of INR 10. Rating also takes into consideration the strong financial profile
marked by adequate networth base along with debt free balance sheet. Rating also takes into account of strong financial and managerial
support that company receives form its holding entity backed by its well
experienced management team. Payments are regular and as per commitment. In view of aforesaid, the company can be considered for normal
business dealings at usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
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
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 09.01.2018
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 (91-44-66254000)
LOCATIONS
|
Registered Office/ Factory : |
50-55 and 58, Vanagaram Road, Ayanambakkam, Chennai – 600095,
Tamilnadu, India |
|
Tel. No.: |
91-44-26533901 / 66609300 / 66603918 |
|
Fax No.: |
91-44-26533912 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office
: |
9th Floor “Prestige Centre Court”, The Office Block, Vijaya
Forum Mill, No. 183, NSK Salai, Arcot Road, Vadapalani, Chennai – 600026,
Tamilnadu, India |
|
Tel. No.: |
91-44-66254000 |
|
Fax No.: |
91-44-66254100 |
|
|
|
|
Sales & Service
Offices : |
Located at: · Chennai · Ahmedabad · Bangalore · Bhubaneswar · Coimbatore · Dehradun · Delhi · Ernakulam · Jammu · Margao · Gurgaon · Hyderabad · Guwahati · Indore · Jaipur · Kozhikode · Lucknow · Madurai · Nagpur · Mangalore · Nasik · Navi Mumbai · Noida · Patna · Raipur · Mohali · Ranchi · Siliguri · Surat · Thiruvananthapuram · Trichy · Visakhapatnam · Vijayawada · Pune · Mumbai · Kolkata · Pune ·
Vadodara · Nepal |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Amit Gossain |
|
Designation : |
Managing Director |
|
Address : |
C-63-C, Gangotri Encl, Alaknanda, New Delhi – 110019,
India |
|
Date of Appointment : |
15.12.2015 |
|
DIN No.: |
07351940 |
|
|
|
|
Name : |
Mr. Klaus Thomas Cawen |
|
Designation : |
Director |
|
Address : |
Kuninkaanniemi, 10 B ESPOO, Finland 02160 |
|
Date of Birth/Age : |
21.05.1957 |
|
Date of Appointment : |
09.01.2009 |
|
DIN No.: |
02417329 |
|
|
|
|
Name : |
Mr. Chittatoor Veeravalli Seshadri Krishnakumar |
|
Designation : |
Whole-time Director |
|
Address : |
Vengadam, No. 62, AVM Avenue Main Road, Virugambakkam,
Chennai – 600092, Tamil Nadu, India |
|
Date of Birth/Age : |
21.03.1965 |
|
Qualification : |
CWA and CS |
|
Date of Appointment : |
13.09.2013 |
|
PAN No.: |
AAYPK6368D |
|
DIN No.: |
06652406 |
KEY EXECUTIVES
|
Name : |
Mr. Chittatoor Veeravalli Seshadri Krishnakumar |
|
Designation : |
Company Secretary |
|
Address : |
Vengadam, No. 62, AVM Avenue Main Road, Virugambakkam,
Chennai – 600092, Tamilnadu, India |
|
Date of Birth/Age : |
21.03.1965 |
|
Date of Appointment : |
27.02.2007 |
|
PAN No.: |
AAYPK6368D |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Kone OYJ, Finland |
|
34946961 |
|
Kone Capital Corporation, Finland |
|
234 |
|
|
|
|
|
Total |
|
34947195 |
Equity Share Break up (Percentage of Total Equity)
AS ON 25.09.2017
|
Category |
Percentage |
|
Promoters [Bodies
corporate] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The
Company is engaged in the business of manufacturing, supply, installation and
commissioning of new elevators; supply, installation and commissioning of new
escalators; maintenance, servicing and modernization of existing elevators
and escalators; and is also engaged in rendering software services to the
group companies. [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
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants LLP Chartered Accountants |
|
Address : |
8th Floor, Prestige Palladium Bayan, 129-140, Greams Road, Chennai – 600006, Tamilnadu, India |
|
PAN No.: |
AAFFP3698A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company : |
· KONE OYJ, Finland |
|
|
|
|
Fellow Subsidiary companies : |
· KONE Industrial Oy, Finland · KONE Elevators Co. Limited, China · KONE Industrial S.A. de C.V., Mexico · KONE Inc.(USA), United States · KONE S.A., France · KONE Elevators South Africa (Pty) Limited, South Africa · KONE (Ireland) Limited, Ireland · KONE Plc., Slovakia · KONE Middle East LCC, United Arab Emirates · KONE Industrial SPA, Italy · KONE Mexico S.A. de C.V, Mexico · KONE Inc. (Canada), Canada · KONE Belgium S.A., Belgium · KONE Areeco Limited, Saudi Arabia · KONE SSC s.r.o., Slovakia · KONE Pte Limited, Singapore · KONE Elevator (M) sdn. bhd., Malaysia |
CAPITAL STRUCTURE
AS ON 25.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
92760000 |
Equity Shares |
INR 10/- each |
INR 927.600 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
34947195 |
Equity Shares |
INR 10/- each |
INR 349.472 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
349.472 |
349.472 |
349.000 |
|
(b) Reserves & Surplus |
2469.000 |
936.000 |
874.000 |
|
(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) |
2818.472 |
1285.472 |
1223.000 |
|
|
|
|
|
|
(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 |
208.000 |
188.000 |
102.000 |
|
Total Non-current
Liabilities (3) |
208.000 |
188.000 |
102.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
1868.000 |
2627.000 |
1299.000 |
|
(c) Other
current liabilities |
12221.000 |
12915.000 |
12710.000 |
|
(d) Short-term
provisions |
402.000 |
609.000 |
1173.000 |
|
Total Current
Liabilities (4) |
14491.000 |
16151.000 |
15182.000 |
|
|
|
|
|
|
TOTAL |
17517.472 |
17624.472 |
16507.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1053.000 |
970.000 |
987.000 |
|
(ii) Intangible
Assets |
9.000 |
13.000 |
6.000 |
|
(iii)
Capital work-in-progress |
79.000 |
125.000 |
39.000 |
|
(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) |
378.000 |
308.000 |
236.000 |
|
(d)
Long-term Loan and Advances |
2028.000 |
1523.000 |
1039.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
3547.000 |
2939.000 |
2307.000 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
8077.000 |
9173.000 |
8904.000 |
|
(c) Trade
receivables |
1391.472 |
1176.472 |
996.000 |
|
(d) Cash
and cash equivalents |
3650.000 |
3288.000 |
3620.000 |
|
(e)
Short-term loans and advances |
321.000 |
587.000 |
392.000 |
|
(f) Other
current assets |
531.000 |
461.000 |
288.000 |
|
Total
Current Assets |
13970.472 |
14685.472 |
14200.000 |
|
|
|
|
|
|
TOTAL |
17517.472 |
17624.472 |
16507.000 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
17835.000 |
16002.000 |
13800.000 |
|
|
Other Income |
319.000 |
278.000 |
313.000 |
|
|
TOTAL |
18154.000 |
16280.000 |
14113.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
6613.000 |
6685.000 |
6898.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
759.000 |
(57.000) |
(1562.000) |
|
|
Employee benefit expense |
2682.000 |
2376.000 |
1969.000 |
|
|
Other expenses |
4905.000 |
4692.000 |
3556.000 |
|
|
TOTAL |
14959.000 |
13696.000 |
10861.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
3195.000 |
2584.000 |
3252.000 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
8.000 |
9.000 |
2.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
3187.000 |
2575.000 |
3250.000 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
308.000 |
284.000 |
264.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
2879.000 |
2291.000 |
2986.000 |
|
|
|
|
|
|
|
Less |
TAX |
1009.000 |
798.000 |
1010.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
1870.000 |
1493.000 |
1976.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
53.51 |
42.72 |
56.54 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
2362.000 |
3380.000 |
2992.000 |
|
Net cash flows from (used in) operating activities |
1048.000 |
1826.000 |
1770.000 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
28.48 |
26.83 |
26.34 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
12.82 |
13.60 |
13.86 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
103.10 |
143.43 |
68.74 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.40 |
0.28 |
0.37 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
2.80 |
2.33 |
3.15 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.83 |
0.92 |
0.92 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
5.14 |
12.56 |
12.41 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.40 |
0.86 |
0.84 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
399.38 |
287.11 |
1626.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
10.49 |
9.33 |
14.32 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
10.68 |
8.47 |
11.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
66.35 |
116.14 |
161.57 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.96 |
0.91 |
0.94 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.41 |
0.34 |
0.35 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.16 |
0.07 |
0.07 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.96 |
0.91 |
0.94 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
349.000 |
349.472 |
349.472 |
|
Reserves & Surplus |
874.000 |
936.000 |
2469.000 |
|
Net
worth |
1223.000 |
1285.472 |
2818.472 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
13800.000 |
16002.000 |
17835.000 |
|
|
|
15.957 |
11.455 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
13800.000 |
16002.000 |
17835.000 |
|
Profit/ (Loss) |
1976.000 |
1493.000 |
1870.000 |
|
|
14.32
% |
9.33
% |
10.49
% |
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 |
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) |
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 |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIVE RESULTS AND STATE OF AFFAIRS
The period 01st April 2016 to 31st March 2017. There was an increase in turnover to INR 17835.000 Million an increase of 11% compared to previous year. The profit before tax was at INR 2879.000 Million.
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
Y10427033 |
90304106 |
FINNISH FUND FOR INDUSTRIAL DEVELOPMENT COOPERATION LIMITED |
16/06/1986 |
12/11/1986 |
- |
3850000.0 |
RATAKATU27; 00120; HELSINKI FINLAND NAFI |
|
2 |
C07478472 |
90290226 |
STANDARD CHARTERED BANK |
28/02/2000 |
06/06/2013 |
27/05/2014 |
250000000.0 |
NO.19, RAJAJI SALAI, CHENNAI TN600001IN |
|
3 |
C07479355 |
90305286 |
STANDARD CHARTERED BANK |
28/02/2000 |
- |
27/05/2014 |
30000000.0 |
58ARMENIAN STREET CHENNAI TN600001IN |
|
4 |
Y10427045 |
90304118 |
BANK OF INDIA |
09/09/1986 |
26/09/1989 |
14/06/2001 |
4000000.0 |
MADRAS INDUSTRIAL FINANCE BRANCH 826/6; ANNA SALAI MADRAS TN600002IN |
|
5 |
Y10426998 |
90304071 |
THE INDUSTREIAL CREDIT AND INVESTMENT CORPN. OF INDIA LTD. |
14/10/1985 |
12/11/1986 |
27/11/2000 |
19000000.0 |
163 BACKBAY RECLAMATION BOMBAY MH400020IN |
|
6 |
Y10427092 |
90304165 |
INDUSTRIAL FINANCE CORPORATION OF INDIA |
27/03/1987 |
27/03/1987 |
27/11/2000 |
2200000.0 |
BANK OF BARODA BUILDING16; SANSAD MARG; P.B. NO. 363 NEW DELHI DL110001IN |
FIXED ASSETS:
· Land
· Factory building
· Other plant and equipment
· Furniture and fixtures
· Motor vehicles
· Office equipment
· Leasehold improvements
· Goodwill on consolidation subsidiaries
· 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 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 63.35 |
|
|
1 |
INR 85.89 |
|
Euro |
1 |
INR 76.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
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.