MIRA
INFORM REPORT
|
Report Date : |
15.12.2007 |
IDENTIFICATION
DETAILS
|
Name : |
VINOD MEDICAL SYSTEMS PRIVATE LIMITED |
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Registered Office : |
B-2, Sai Nagar Near Railway Crossing, Raipur-493332,
Chandigarh |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
27.05.1994 |
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Com. Reg. No.: |
10-8363 |
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CIN No.: [Company
Identification No.] |
U85110CT1994PTC008363 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
JBPV00237G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Distributors, Dealer, Importer and Exporter of Kodak Photographic Materials, Agfa Medical Imgaing Films, X-Ray Offset, Chemical Items, X-Ray Films and X-Ray Machines. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 63800 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well – established and reputed company having satisfactory
track. Directors are reported as experienced and respectable businessmen.
Trade relations are reported as fair. Business is active. Payments are
reported as usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
B-2, Sai Nagar Near Railway Crossing, Raipur-493332, Chandigarh, India |
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Tel. No.: |
91-771-2522401/ 402 / 403 / 2882401 |
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Fax No.: |
91-71-2522404 / 2882404 |
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Mobile No.: |
91-9827141405 |
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E-Mail : |
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Area : |
4500 sq. ft. |
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Location : |
Owned |
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Corporate Office: |
A/601,Charmee Enclave, Opposite Domestic Airport Service
Road, Vile Parle(East) Mumbai:-400057, Maharashtra |
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Head Office: |
Kripa Kunj B 1-2, Sai Nagar, Raipur – 492 009, Chandigarh, India |
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Tel No: |
91-771-2882402 |
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E-Mail: |
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Branches/ Godowns : |
· B1-2, Sai Nagar, Near Railway Crossing, Raipur, Chandigarh- 492 009, India Tel. No. : 91-771-2522401/ 2522402/ 2522403 Fax No. : 91-771-2522404 E-mail : vmspl@touchtelindia.net · 401, Shri Darshan Villa, Kabir Marg, Near Naveen Vidya Bhawan, Napier Town, Jabalpur- 482 002, Madhya Pradesh, India Tel. No. : 91-761-2450287 Telefax : 91-761-5035405 E-mail : vinodmedicaljbp@hotmail.com · 1st Floor, 61, Mahavir Market, Behind Devshri Cinema, Loha Mandi, Indore, Madhya Pradesh, India Tel. No. : 91-731-2760413/ 5091413 · 54-55, 2nd Floor, Geeta Mandir Complex, Cotton Market, Nagpur- 440 018, Maharashtra, India Tel. No. : 91-712-2720636/ 2722422 E-mail : vinodmedicalngp@hotmail.com · Door No. 86, Vysial Street, Pondicherry- 605 001, Uttar Pradesh, India Tel. No. : 91-413-5535334 Fax No. : 91-413-5201126 E-mail : vms-pondy@touchtelindia.net · 3, Patwa Market, Under Railway, Over Bridge, Near Bharat Talkies, Bhopal, Madhya Pradesh, India Tel. No. : 91-755-5258357 E-mail : vinodmedicalbpl@hotmail.com · F-38, Sanjay Complex, Jayendra Ganj, Lashkar, Gwalior, Madhya Pradesh, India Tel. No. : 91-751-5076552 Telefax : 91-751-5076552 Mobile No.: 91-9826386501 E-mail : vmsplgwl@touchtelindia.net · 1st Floor, Block No. I and II, Pradhan Pada, Ainthapali, Sambalpur, Orissa, India Tel. No. : 91-663-2541478 Telefax : 91-663-2541479 · Plot No. 165, Mahanadhi Vihar, Near Jagnath Temple, Cuttack, Orissa, India · U and V Sons Building No. 20, Gala No. 13, Arihant Godown, Near Kapoor Complex Bus Stop, Bhiwandi, Maharashtra, India Tel. No. : 91-22-25323875 Mobile No. : 91-9820634313 · 38, Professor Colony, Near St. Xaviers High School, Near Vijay Cross Road, Navarangapura, Ahmedabad, Gujarat, India · B1/17 E-Park, Mahanagar Extension, Lucknow – 226 006, India · RZ-87, Nasingh Garden, Khayala, New Delhi- 110 018, India · Shri Venkateshwara Agencies, 3-6-724, Ground Floor, Street No. 11, Himayat Nagar, Hyderabad- 500 029, Andhra Pradesh, India Tel. No. : 91-40-27664873 E-mail : svahyd@rediffmail.com · 24/375, Panchagramam, Nurani Village, P. O. Palaghat, Kerala- 678 004, India A-331 and A-33, PIPDIC Industrial Estate, Sedarapet, Pondicherry- 605 111, India Tel. No. : 91-413-2677370 · Photo Films Industries, B-134-137, PIPDIC Industrial Estate, Mettupaslayam, Pondicherry- 605 009, India · 1, Greek Church, Row Extension, Behind Tram Depot, police station , kolkata – 700 026, west Bengal, India · 1st Floor, Goyal market., Adj Dr. Subhas Malhotra Clinic, Faizabad Road, Near Kukral Pool, Lucknown , Uttar Pradesh – 226 006m, India · Old No.106, New No. 19, Ninth Street, Anna Nagar (East), CHENNAI – 600-102 |
DIRECTORS
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Name : |
Mr. Suresh Rathi |
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Designation : |
Director |
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Address : |
S -10-11, Jeevan
Vihar Colony, opposite VIP Chowk GE
Road, Raipur – 492 001, Chattisgarh, India |
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Date of Birth/Age : |
14.06.1961 |
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Qualification : |
B. Sc. |
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Date of Appointment : |
27.05.1994 |
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Name : |
Mr. Vinod Jaisinghani |
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Designation : |
Director |
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Address : |
B-95 Surya
Apartment , Katora Talab, Raipur – 492 001, Chattisgarh, India |
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Date of Birth/Age : |
18.07.1964 |
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Qualification : |
B. Com. |
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Date of Appointment : |
27.05.1994 |
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Name : |
Mr. Kailash Rathi |
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Designation : |
Director |
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Address : |
C -150,
Shailendra Nagar, Raipur – 492 001, Chattisgarh, India |
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Date of Birth/Age : |
21.02.1970 |
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Qualification : |
B. Com. |
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Date of Appointment : |
10.04.1998 |
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Name : |
Mr. Narayan Rathi |
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Designation : |
Director |
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Address : |
S -3-4, Jeevan
Vihar Colony, opposite VIP Chowk, GE Road, Raipur – 492 001, Chattisgarh,
India |
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Date of Birth/Age : |
30.04.1967 |
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Qualification : |
B. Com. |
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Date of Appointment : |
10.04.2003 |
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Name : |
Mrs. Jyoti Rathi |
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Designation : |
Director |
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Address : |
S -10-11, Jeevan
Vihar Colony, opposite VIP Chowk GE
Road, Raipur – 492 001, Chattisgarh, India |
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Date of Birth/Age : |
31.12.1964 |
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Qualification : |
H.S.C. |
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Date of Appointment : |
27.05.1994 |
KEY EXECUTIVES
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Name : |
Rostash Agrawal and Company |
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Designation : |
Company Secretary |
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Address : |
D-4, 2nd
Floor, Ekatma Parisar, BJP Complex, Rajbandha Maidan, GE Road, Raipur – 492
001, Chattisgarh, India |
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Tel no: |
91-771-5034876 |
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Mobile No: |
91-9827165376 |
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E –Mail ID: |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Suresh Rathi |
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4500 |
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Mr. Vinod Jaisinghani |
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3750 |
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Mr. Jyoti Rathi |
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1750 |
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Mr. Jethmal Rathi |
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1600 |
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Mrs. Anju Maheshwari |
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1600 |
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Mrs Ganga Devi |
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850 |
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Mr. Ashok Rathi |
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1100 |
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Mrs. Varsha Maheshwari |
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1000 |
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Mrs. Namrata Jaisinghani |
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1600 |
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Mr. Dinesh Kumar Sahu |
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1260 |
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Mr. Ravindra Dutta |
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1010 |
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Mr. Ashok Markam |
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1010 |
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Mrs. Bharti Rathi |
|
510 |
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Mr. Ram Kumar Sahu (Huf) |
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1010 |
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Mr. Shilu Rathi |
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510 |
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Mr. Narayan Rathi |
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2560 |
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Mr. Shanker Rathi |
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510 |
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Mr. Ratan Kanwear Rathi |
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1510 |
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Mr, Manoj Rathi (Huf) |
|
100 |
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Mrs. Champa Devi Rathi |
|
1000 |
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Mr. Gurudao Suingh |
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1010 |
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Mr. Loonkaran Rathi |
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10 |
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Mr. Rajesh Rathi |
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10 |
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Mr. Kailash Rathi |
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3630 |
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Mr. Mangtu Rathi |
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1250 |
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Mr. Anuj Patel |
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1750 |
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Mr. Sunher Kaushal |
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1750 |
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Mr. Sumit Chandak |
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10 |
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Mrs .Unnila Devi |
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10 |
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Mrs. Renuka Arora |
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10 |
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Mr. Hemant Kumar Soni |
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10 |
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Mrs. Nisha Rathi |
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320 |
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Mr. Amit Chandak |
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10 |
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Mr. Vinay Nathwani |
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3110 |
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Mrs. Naresh Kumari Trehan |
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10 |
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Mrs. Vimla Devi Maheshwari |
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10 |
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Mr. Amritlal Nathwani |
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10 |
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Mr. Ashok Jain |
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10 |
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Mr. Ajay Shrivastav |
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1000 |
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Mr. Susheel Chourasia |
|
750 |
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Mrs. Bhagwati Devi Chouhan |
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1500 |
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Mr. Narendra Ambedkar |
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1500 |
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Mr. Dara Singh Sandhu |
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1000 |
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Mr. Dushyant Yadav |
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1000 |
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Mr. Jitendra Nathwani |
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1000 |
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Mr. Animesh Chandak |
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1500 |
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Mr. Kamlesh Jain |
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4750 |
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Mrs. Shikha Rathi |
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500 |
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Mr. Amit Jain |
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5000 |
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Mr. Ashok Jhabak |
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3100 |
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Mr. Lalit Jain (Huf) |
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3100 |
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Mr. Jitendra Golcha |
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3100 |
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Mrs. Sunita Thakur |
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1850 |
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Mr. Saurabh Bhatia |
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1500 |
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Mr. Nishikanat Rautraj |
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2200 |
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Total
|
76020 |
Equity Shares Breakup (Percentage of Total Equity):
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Sr No. |
Category |
Percentage |
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1 |
Directors or relative of directors |
38.04 |
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2 |
Other top fifty (50) shareholders |
61.96 |
BUSINESS DETAILS
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Line of Business : |
Distributors, Dealer, Importer and Exporter of Kodak Photographic Materials, Agfa Medical Imgaing Films, X-Ray Offset, Chemical Items, X-Ray Films and X-Ray Machines. |
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Products : |
Ř X-Ray Offset Ř Chemical Items Ř X-Ray Films Ř X-Ray Machines Ř Agfa Medical Imaging Films |
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Agencies Held : |
Ř Agfa Geveart N.V., Germany Ř Nova Photo Films, India Ř Kodak India Limited, India Ř R P Photographics Ř Kiran X-Ray Sereus Limited |
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Imports : |
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Countries: |
Germany |
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Terms : |
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Selling : |
Cash and Credit upto 30-90 days |
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Purchasing : |
L/C or others upto 100 days |
GENERAL
INFORMATION
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Customers : |
Wholesalers |
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No. of Employees : |
65 |
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Bankers : |
· Bank of Maharashtra, Byron Bazar Branch, Raipur , Madhya Pradesh, India · IDBI Bank · Axis Bank · HDFC Bank · State Bank of India · ICICI Bank |
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Facilities : |
Credit Limit: Rs. 37.500 millions (as on 31.03.2006) |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name: |
Manoj Rathi and Associates Chartered Accountants |
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Address 1: |
Vaman Rao Lokhe Complex, Near Gandhi Chowk, Raipur, Chatisgarh, India |
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Address 2: |
21, Lakhe School Complex, Gandhi Chowk, Raipur – 492 001, Chattisgarh, India |
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Tel. No.: |
91-771-223423 |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
150000 |
Equity shares |
Rs. 100/- each |
Rs. 15.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
76020 |
Equity shares |
Rs. 100/-
each |
Rs. 7.602
millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
7.602 |
7.602 |
7.602 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
8.343 |
6.861 |
5.808 |
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|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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|
NETWORTH |
15.945 |
14.463 |
13.410 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
49.435 |
39.281 |
41.359 |
|
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2] Unsecured Loans |
28.254 |
29.890 |
19.105 |
|
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TOTAL BORROWING |
77.689 |
69.171 |
60.464 |
|
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DEFERRED TAX LIABILITIES |
1.333 |
1.307 |
1.324 |
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TOTAL |
94.967 |
84.941 |
75.198 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
10.079 |
9.206 |
9.535 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.020 |
0.020 |
0.020 |
|
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
SECURITY DEPOSIT |
3.392 |
3.552 |
2.975 |
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
32.362
|
26.543 |
30.956 |
|
|
Sundry Debtors |
43.965
|
39.647 |
31.775 |
|
|
Cash & Bank Balances |
3.132
|
4.496 |
1.009 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
10.593
|
7.663 |
3.768 |
|
Total
Current Assets |
90.052
|
78.349 |
67.508 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
7.645
|
5.147 |
4.508 |
|
|
Provisions |
0.945
|
1.060 |
0.360 |
|
Total
Current Liabilities |
8.590
|
6.207 |
4.868 |
|
|
Net Current Assets |
81.462
|
72.142 |
62.640 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.014 |
0.021 |
0.028 |
|
|
|
|
|
|
|
|
TOTAL |
94.967 |
84.941 |
75.198 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
Sales Turnover |
488.949 |
393.000 |
353.874 |
|
|
Other Income |
3.092 |
2.873 |
1.829 |
|
|
Total Income |
492.041 |
395.873 |
355.703 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
2.453 |
1.921 |
1.363 |
|
|
Provision for Taxation |
0.972 |
0.868 |
0.486 |
|
|
Profit/(Loss) After Tax |
1.481 |
1.053 |
0.877 |
|
|
Total Imports |
|
|
|
|
|
|
|
|
|
|
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Import Value |
58.819 |
59.904 |
48.321 |
|
|
|
|
|
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Expenditures : |
|
|
|
|
|
|
Depreciation & Amortization |
1.102 |
1.088 |
0.997 |
|
|
Financial Charges |
8.779 |
8.641 |
5.255 |
|
|
Other Expenditure |
469.826 |
374.494 |
341.836 |
|
Total Expenditure |
479.707 |
384.223 |
348.088 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
0.30
|
0.26 |
0.24 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.50
|
0.48 |
0.38 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.44
|
2.19 |
1.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.13 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.53
|
5.21 |
4.87 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
10.48
|
12.62 |
13.86 |
LOCAL AGENCY
FURTHER INFORMATION
|
Corporation identity number or foreign company registrations number of
the company |
U85110CT1994PTC008363 |
|
Name of the company |
VINOD MEDICAL SYSTEMS PRIVATE LIMITED |
|
Address |
B-2, Sai Nagar Near Railway Crossing, Raipur-493332, Chandigarh, India |
|
This Form is for |
Modification of charge |
|
Type of Charges |
· Immovable property · Book debts · Others |
|
Particular of the charge holder
|
Bank of Maharashtra Address: Byron Bazar Raipur – 492 001, Chattisgarh, Punjab ,
India Email ID: bom981@mahabank.co.in |
|
Nature or description of the instrument creating charge |
· Power of attorney · Guarantee in Banks Favour in respect of bank Guarantee · Agreement relating to opening of an irrevocable without letter of credit · Demand Promissory note · Composite Deed of hypothecation for all facilities · Memorandum of record of equitable Mortgage. |
|
Date of the instrument creating charge |
20.03.2007 |
|
Amount Secure by the charge |
Rs. 73.000 millions |
|
Brief of the principal terms and conditions and extent and operation
of the charge |
Rate
of interest: BPLR – 1.5% p.a presently @11% with monthly
rests. Term
of Repayment: On Demand Margin: Cash credit Limit : 25% against Book debts Letter of credit Limit: 15% by way of CDRs Extent
and operation of charge: The charge operates to secure due repayment
of financial facilities i.e cash credit limit of Rs. 57.500 millions and
letter of credit Limit Rs. 1.5500 millions aggregating Rs. 73.000 millions |
|
Shorts particulars of the Property charged |
· House property of Smt. Saraswatidevi Rathi situated at C – 147, Shaliendra Nagar, Raipur · Office cum Godown building of the company at B – 2, Sai Nagar, Raipur · Office premises at 247, Vikram Towers, Sapna Sangeeta , Main road, Indore · House property of Shri Vinod Jaisinghani · Property of Shri Suresh Rahthi and Shri Jethmal Rathi situated on Plot No. S -03, and S -04, Jeewan Vihar Colony, Near VIP Road, Telibandha, Raipur · Property of Shri Kailash Rathi at Plot No. C -150, Shaliendra Nagar, Raipur. |
|
Particulars of the present modification |
By the present modification the charge has been extended to secure due repayment of financial facilities i.e cash credit limit of Rs. 57.500 millions and letter of credit limit of Rs. 15.500 millions aggregating Rs. 73.000 millions. |
|
Name of the
company |
VINOD MEDICAL SYSTEMS PRIVATE LIMITED |
|
Presented
By |
Mr. Suresh Rathi
|
|
1) Date and
description of instrument creating the change |
Agreement of
hypothecation dated 12.10.2000 to secure term Loan against goods and Machinery.
Agreement dated 1.210.2000 for equitable mortgage of Delivery van and new
Tempo Trax Jeep. |
|
2) Amount secured
by the charge/amount owing on the securities of charge |
Rs. 0.500
millions |
|
3) Short particular
of the property charged. If the property acquired is subject to charge, date
of the acquired of the property should be given |
Hypothecation of
new Tempo Trax Jeep and Delivery van, details of asset as given in Agreement.
|
|
4) Gist of the
terms and conditions and extent and operation of the charge. |
The above Term Loan is repayable in
monthly installment @ Rs. 0.012 millions exclusive of quarterly interest @
13.5% p.a |
|
5) Name and
Address and description of the person entitled to the charge. |
Bank of Maharashtra, Byron Bazar Branch,
Raipur , Madhya Pradesh, India |
WEBSITE DETAILS:
CORPORATE OVERVIEW: - Subject is solely dedicated and
committed for services in Photographic and Healthcare-IT Industry over a decade.
Their business idea is to market quality products for markets all over India.
The general strategy is to gain market shares on existing and new markets by
being a reliable, service oriented and flexible supplier of products offered in
close co-operation with their distributors and customers
VISION: - INDIA , being a developing
nation, reliable and effective services will become a key business for all
MNC's, as cost for putting set-up in India shall be expensive. All MNC's will
look forward to make channel partners in India . They, with their strong
service background and infrastructural facilities are sure to get tied with
some big groups. With the fundamental goal to deliver profitable growth
consistently in years to come.
BACKGROUND: - The founders members Shri
Suresh Rathi and Shri Vinod Jaisinghani started business of Graphic Art
Material under banner of M/s. Vinod Agencies in the year 1988. The company was
formed in the year 1994 was joined by three other directors Mr. Narayan Rathi,
Mr. Manoj Rathi and Mr. Kailash Rathi. With their professional approach,
co-ordinating attitude and perspective administrative skills this company has
achieved new heights and will do the same in years to come.
ORGANISATION PILLARS:-Shri
Suresh Rathi is Managing Director. His vision and mission has made subject a
fast growing company today. Under his guidance the company will progress in jet
speed. He spends most of his time in new expansion projects and also makes
important decisions over financial matters of the company. For assistance
please mail at sureshrathi@vinodmedical.com
1) Shri Vinod Jaisinghani(45) is founder member and Director.
He spends his time in key marketing and strategic decisions. For assistance
please mail at vinodjaisinghani@vinodmedical.com
2) Shri Narayan Rathi (41) is also a Director. His area of operation
is Administration and Accounts Section. He looks after all the statutory
requirements of the company. For assistance please mail at narayan.rathi@vinodmedical.com
3) Shri Manoj Rathi(39) a Director. He is a Chartered Accountant by
Profession. He has charge for all financial matter of the company. For
assistance please mail at manojrathi@vinodmedical.com
4) Shri Kailash Rathi (34) a Director. He is head of Front office,
Cash Management and Logistics controls. For assistance please mail at kailash.rathi@vinodmedical.com
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.39.37 |
|
UK Pound |
1 |
Rs.79.47 |
|
Euro |
1 |
Rs.56.83 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|