MIRA
INFORM REPORT
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Report Date : |
26.06.2007 |
IDENTIFICATION DETAILS
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Name : |
POOJA WRITING INSTRUMENTS PRIVATE LIMITED |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
19.12.2005 |
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Com. Reg. No.: |
143830 |
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CIN No.: [Company
Identification No.] |
U74899DL2005PTC143830 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer
and exporter of stationery items. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
USD 500 |
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Status : |
Small company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small company having satisfactory track
records. Directors are reported as experienced and respectable businessmen. Trade
relations are reported as fair. Business is active. Payments are usually
correct and as per commitments. The company can be considered for small business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
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Mobile No.: |
91-9254097612 / 9416283922 |
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E-Mail : |
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Website : |
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Corporate Office : |
45, KM Stone Tekchand Industrial Complex, Village Rohad, Bahadurgarh, |
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Tel. No.: |
91-1262-321756 |
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Fax No.: |
91-1262-321756 |
DIRECTORS
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Name : |
Mr. Ravinder Singh |
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Designation : |
Director |
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Address : |
192/2, Patel park, Line Par, Bahadurgarh – 124507, |
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Date of Birth/Age : |
06.02.1966 |
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Date of Appointment : |
07.08.2006 |
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Name : |
Mr. Rajbir Singh |
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Designation : |
Director |
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Address : |
208/21, Sant Colony, Bahadurgarh – 124507, |
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Date of Birth/Age : |
01.10.1960 |
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Date of Appointment : |
07.08.2006 |
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Name : |
Mr. Som Dev |
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Designation : |
Director |
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Address : |
678/1, Vikas Nagar, Bahadurgarh – 124507, |
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Date of Birth/Age : |
03.03.1958 |
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Date of Appointment : |
19.12.2005 |
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Name : |
Mr. Amit Kumar |
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Designation : |
Director |
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Address : |
678/1, Vikas Nagar, Bahadurgarh – 124507, |
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Date of Birth/Age : |
20.01.1984 |
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Date of Appointment : |
19.12.2005 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Som Dev |
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8000 |
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Amit Kumar |
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2000 |
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TOTAL |
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10000 |
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Equity Share
Breakup |
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Category |
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Percentage of
Holding |
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Directors or relatives of directors |
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100.00 % |
BUSINESS DETAILS
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Line of Business : |
Manufacturer
and exporter of stationery items. |
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Export to : |
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GENERAL INFORMATION
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Bankers : |
Bank of |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
VDS and Associates Chartered Accountants |
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Address : |
Opposite Frontier Biscuit Factory, |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 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 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.100 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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0.025 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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0.125 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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0.074 |
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TOTAL BORROWING |
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0.074 |
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DEFERRED TAX LIABILITIES |
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TOTAL |
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0.199 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.144 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.029 |
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Sundry Debtors |
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0.032 |
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Cash & Bank Balances |
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0.047 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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0.000 |
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Total
Current Assets |
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0.108 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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0.047 |
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Provisions |
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0.016 |
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Total
Current Liabilities |
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0.063 |
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Net Current Assets |
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0.045 |
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MISCELLANEOUS EXPENSES |
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0.010 |
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TOTAL |
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0.199 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2006 |
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Sales Turnover |
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1.618 |
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Other Income |
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0.029 |
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Total Income |
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1.647 |
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Profit/(Loss) Before Tax |
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0.041 |
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Provision for Taxation |
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0.016 |
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Profit/(Loss) After Tax |
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0.025 |
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Total Expenditure |
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1.599 |
KEY RATIOS
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PARTICULARS |
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31.03.2006 |
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PAT / Total Income |
(%) |
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1.52 |
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Net Profit Margin (PBT/Sales) |
(%) |
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2.53 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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16.27 |
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Return on Investment (ROI) (PBT/Networth) |
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0.33 |
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Debt Equity Ratio (Total Liability/Networth) |
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1.10 |
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Current Ratio (Current Asset/Current Liability) |
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1.71 |
LOCAL AGENCY FURTHER INFORMATION
Profile
With their utmost importance upon product quality and customer satisfaction,
they are a highly reputed and 100% export oriented business house. Subject deal
in a range of Stationary
Items including Pens, Pencils, Erasers, Sharpeners, Staplers, Boxes, etc. Their
company was established in the year 1999 as a manufacturer and exporter of stationery items. They have
continuously strived to match and beat the levels of existing quality
standards, which has resulted in their peerless success. Subject is a leader in
the domestic market and has a strong presence in the global market including
They understand the requirements better than anyone, and serve you with the
best products and services in the industry. Subject is the manufacturer
and exporter of the following range of Stationery Items-
- Pens
- Pencils
- Scales
- Erasers
- Sharpeners
- Staplers
- Boxes and other related items.
Quality
They deal with their customers' needs with a caring approach, endeavoring to
serve them with the highest quality products and their well known innovative
ideas. Subjects believe in total quality control and maintain a full proof
quality checking strategy to ensure premium quality of the products. Advance
manufacturing technologies, unparalleled human expertise, and strict quality
checking measures help them to produce the next generation stationery items
which are user-friendly, precise, reliable and highly affordable.
Infrastructure
Nothing else can exist with more pride than a strong infrastructural base; the
one that endows any organization with stability, reflects its reliability, and
helps it to grow higher. Subject is fortunate enough to have a strong
infrastructural base. The manufacturing unit is equipped with cutting edge
technology and is being operated by a team of experts. Besides, they have
in-house quality checking and research facilities where their engineers design
and develop premium quality stationery products - simply the products of the
future.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.40.81 |
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1 |
Rs.81.57 |
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Euro |
1 |
Rs.54.91 |
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 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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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30 |
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 |
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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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<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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