MIRA
INFORM REPORT
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Report Date : |
19.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
CHANDRA INTEGRATED CREDIT MANAGEMENT PRIVATE LIMITED |
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Registered Office : |
504, Dhaka House , 18/17, Wea – Pusa Lane, Karol Bagh, New Delhi – 110
005 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
11.11.2002 |
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Com. Reg. No.: |
55 –117643 |
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CIN No.: [Company
Identification No.] |
U74140DL2002PTC117643 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Provider of financials services like Business Loans,
Housing Loans, Insurance services,
Shares and Debentures, etc |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
USD 2000 |
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Status : |
Small company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small company and nothing much could be said about
the subject at present. No further information or payment could be made
available. The company can be considered for small to mediocre business dealings
on safe and secured trade terms and conditions. |
LOCATIONS
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Registered Office : |
GF31, Antriksh Bhawan, 22 Kasturba Gandhi Marg, Connaught Place, New
Delhi – 110 001, India |
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Tel. No.: |
91-22-23312397 |
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Fax No: |
91-11-23312398 |
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E-Mail : |
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Corporate Office : |
504, Dhaka House , 18/17, Wea – Pusa Lane, Karol Bagh, New Delhi – 110
005, India |
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Tel. No.: |
91-11-2875 3805 / 2875 3806 |
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Fax No.: |
91-11-2875 3807 / 4509 1605 |
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E-Mail : |
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Website : |
DIRECTORS
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Name : |
Mr. Surinder Puri |
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Designation : |
Director |
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Address : |
D -1/7/3 DLF Dilshad Plaza, Bhopura Sahibabad Ghaziabad – 201 005,
Uttar Pradesh, India |
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Date of Birth/Age : |
10.02.1950 |
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Date of Appointment : |
11.11.2002 |
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Email : |
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Name : |
Mr. Subhash Chandra |
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Designation : |
Director |
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Address : |
D -1/7/3 DLF Dilshad Plaza, Bhopura Sahibabad Ghaziabad – 201 005,
Uttar Pradesh, India |
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Date of Birth/Age : |
02.01.1953 |
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Date of Appointment : |
11.11.2002 |
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Email: |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Subhash Chandra |
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5000 |
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Mr. Surinder Puri |
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5000 |
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Total
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10000 |
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 |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Provider of financials services like Business Loans,
Housing Loans, Insurance services,
Shares and Debentures, etc |
GENERAL
INFORMATION
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Customers : |
· PJ Impression · Klassic Industries · Manjeet Construction · PM Air products Private Limited · Sant Gyaneshwar Public School · Chaman Lal Jain and Sons · Timplex Industries · Supreme Stars |
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Bankers : |
NA |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
MAKS and Associates Chartered Accountants |
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Address : |
1/30 Lalita Park, Laxmi Nagar, Delhi – 110 092, India |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity shares |
Rs. 10/- each |
Rs. 0.100 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity shares |
Rs. 10/- each |
Rs. 0.100 million |
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FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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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 |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
0.250 |
0.250 |
0.000 |
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3] Reserves & Surplus |
0.024 |
0.023 |
0.016 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
0.374 |
0.373 |
0.116 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
0.374 |
0.373 |
0.116 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.074 |
0.094 |
0.095 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000 |
0.000 |
0.000 |
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Sundry Debtors |
0.057 |
0.013 |
0.000 |
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Cash & Bank Balances |
0.085 |
0.093 |
0.024 |
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Other Current Assets |
0.030 |
0.030 |
0.030 |
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Loans & Advances |
0.155 |
0.155 |
0.005 |
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Total
Current Assets |
0.327 |
0.291
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0.059 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
0.000 |
0.000 |
0.030 |
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Provisions |
0.027 |
0.014 |
0.012 |
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Total
Current Liabilities |
0.027 |
0.014
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0.042 |
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Net Current Assets |
0.300 |
0.277
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0.017 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.002 |
0.004 |
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TOTAL |
0.374 |
0.373 |
0.116 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
0.802 |
0.821 |
0.966 |
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Other Income |
0.000 |
0.000 |
0.000 |
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Total Income |
0.802 |
0.821 |
0.966 |
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Profit/(Loss) Before Tax |
0.005 |
0.012 |
0.019 |
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Provision for Taxation |
0.004 |
0.004 |
0.007 |
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Profit/(Loss) After Tax |
0.001 |
0.008 |
0.012 |
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Expenditures : |
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Depreciation & Amortization |
0.020 |
0.036 |
0.060 |
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Other Expenditure |
0.757 |
0.737 |
0.827 |
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Total Expenditure |
0.777 |
0.773 |
0.887 |
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KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
0.12
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0.97 |
1.24 |
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Net Profit Margin (PBT/Sales) |
(%) |
0.62
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1.46 |
1.96 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
1.24
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3.11 |
12.33 |
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Return on Investment (ROI) (PBT/Networth) |
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0.01
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0.03 |
0.16 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.07 |
0.03 |
0.36 |
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Current Ratio (Current Asset/Current Liability) |
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12.11 |
20.78 |
1.40 |
LOCAL AGENCY
FURTHER INFORMATION
WEBSITE DETAILS:
Catering to a very large section of corporate houses with an exhaustive
array of financial services…and in the last decade or so, they have earned quiet a reputation as Debt Financing Consultants
among their satisfied clients.
Their exhaustive arrays of services
include dealing in various financial
products like Business Loans,
Housing Loans, Insurance services,
Shares and Debentures etc. Their umbrella services under
Projects Consultation include Project Feasibility study; project Financing,
Project implementation by arranging finance for Corporate, Businessmen, Traders
and Exporters etc. They are also
dealing into Foreign Direct Investment, Initial public Offerings, Company Mergers and Acquisitions as
well.
Whatever be the kind of the need or the size of the worry, just come to
them!
They would
like to introduce their selves
as a decade old financial services company, registered under
the Company's Act 1956 by the name of
'Chandra Integrated Credit Management
Private Limited'. Headed by a dynamic individual Mr. Subhash Chandra, the management is headed by highly competent individuals with a vast
experience in the field of financial
services.
They are a Delhi based company having their registered
and corporate office at Connaught Circus, New Delhi. The exhaustive list of
their financial services includes Loans, Mortgage,
Insurance, Stocks and Public Issues etc. They have an excellent track record of financial dealings for more than a decade now. They
enjoy great rapport with their clients, most of whom are as old as their existence now.
Apart from being Projects Consultants i.e. Project Financing and
arranging Business Loan for Corporate, Businessmen, Traders, Exporters etc., they are also dealing in FDIs, IPOs,
Mergers and Acquisitions. They
also have a tie-up for offering Insurance related services to their esteemed clients.
Having emerged successful after years in business and witnessing the ups
and downs in the economy, the company
is now diversifying into Foreign Direct Investment and IPO's this year. With
its' unrivalled depth of experience and expertise, the company hopes to garner a fare share of business through these 2
new streams of services.
Following their
mission objective with great
zeal and honesty, they strongly feel that it is only through an ethical and
prompt service culture that they can put a smile on their Client's face. That's why their list of services is indeed quiet exhaustive, so that their clients' can have everything
under one roof.
They also pride in stating that they are the safest bet for their clients to fall back in case of
a financial crisis. They have the expertise and know-how to steer their clients from roughest of
weathers. In other words, they can undertake even those debts funding which
might have been refused by most of the others in the market.
It is their quest to
bring a business revolution in their
country by means of creating an easy channel of funding to scores of small
businesses trying to make a mark in the vast geographical stretch of this
country.
They can also provide their
clients with a financial opinion after assessing their current financials and
advise them about future projects/expansions/diversifications etc.
They want to reach out to each and everyone, who might be in need of
this financial leverage in taking their business to new heights of achievements
and success. To facilitate this, they also provide free financial health checkup
to any client to give him an exact idea of his financial standings. Clients can
avail this facility by submitting their details as per the format provided in
the site.
The wide array of financial services that they smilingly offer to all their esteemed clients:
· Loan Syndication for Bigger Projects/Expansion Plan etc.
· Working Capital, Term Loans from Banks
· Takeover by Banks/Financial Institution
· Packing Credit Loan, Letter of Credit for Importer and Exporter
· Foreign Direct Investment (FDI)
· Foreign Private Equity and Venture Capital
· Initial Public Offering (IPO)
· Preparation of Project Reports, Formation of Company and Allied Services
· Non Fund Based Products Facilities
· Funding for Real estate Business
They also deal in other services like, company formation, Society
formation and their registration also and other associated services on behalf
of their clients, so that their clients can have all their
requirements fulfilled under one large roof.
Anybody who wishes to avail any of these services offered by them could
do so by getting in touch along with the following documents:
I. Project
Profile.
II. Net worth of the promoters of the project.
III. Last three Year's Balance Sheets of the company, if
the unit is running.
Some of their
esteemed Clients are:
· PJ Impression
Manufacturer of Greeting Cards and other gift items, Delhi
· Klassic Industries
Manufacturer of aluminium Capacitors
· Manjeet Construction
Contractor,
Ghaziabad, Uttar Pradesh
· PM Air products Private Limited
Manufacturer of Oxygen Gas, Ghaziabad, Uttar Pradesh
· Sant Gyaneshwar Public School
Delhi
· Chaman Lal Jain and Sons
Packaging Drinking Water
· Timplex Industries
Manufacturer of filter for automobiles Gurgaon
· Supreme Stars
Manufacturer of Sequences, Delhi
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.39.57 |
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UK Pound |
1 |
Rs.78.93 |
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Euro |
1 |
Rs.56.85 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
1 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
2 |
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--CREDIT LINES |
1~10 |
1 |
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--MARGINS |
-5~5 |
--- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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20 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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