MIRA
INFORM REPORT
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Report Date : |
13.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
PATANJALI AYURVED LIMITED |
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Formerly Known As : |
PATANJALI AYURVED PRIVATE LIMITED |
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Registered Office : |
Plot No.AB-5, Dilkush Industrial Area, Opposite Mahendra Enclave, G T
Karnal Road, Delhi – 110033 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
13.01.2006 |
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Com. Reg. No.: |
144789 |
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CIN No.: [Company
Identification No.] |
U24237DL2006PLC144789 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MRTP02104E |
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PAN No.: [Permanent
Account No.] |
AADCP9625J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Ayurvidic Medicines |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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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 406180 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a company engaged in manufacture of Ayurvedic Medicines. The company was promoted by Baba Ramdev, a well known practioner of
Yoga. Trade relations are fair. Payments are 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 : |
Plot No.AB-5, Dilkush Industrial Area, Opposite Mahendra Enclave, G T
Karnal Road, Delhi – 110033, India |
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E-Mail : |
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Area : |
Large |
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Location : |
Owned |
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Factory : |
Plot No.D-38, Industrial Area, Haridwar – 249401, India |
DIRECTORS
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Name : |
Mrs. Archana Bal Krishna |
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Designation : |
Director |
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Address : |
C-5/1, Wazirpur Industrial Area, New Delhi, India |
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Name : |
Mr. Swami Muktanand |
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Designation : |
Director |
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Address : |
Divya Yog Mandir, Kripalu Bagh Ashram, Kankhal, Haridwar, Uttranchal,
India |
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Name : |
Mr. Ajay Arya |
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Designation : |
Director |
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Address : |
Hindon City, Karauli – 302003, Rajasthan, India |
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Date of Birth : |
05.07.1947 |
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Date of Appointment : |
30.04.2007 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 22.12.2005)
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Names of Shareholders |
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No. of Shares |
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Mrs. Archana Bal Krishna |
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9000 |
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Mr. Swami Muktanand |
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1000 |
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Total |
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10000 |
(As on 31.03.2007)
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Category |
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Percentage |
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Directors or relatives of directors |
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92.90 |
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Other top fifty Shareholders (other than listed above) |
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7.10 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Ayurvidic Medicines |
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Products : |
Ayurvidic Medicines |
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Terms : |
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Selling : |
Cash and Credit (30 days) |
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Purchasing : |
Cash and Credit (30 days) |
GENERAL
INFORMATION
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Customers : |
· Wholesalers · Retailers · End Users |
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No. of Employees : |
50 |
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Bankers : |
· Punjab National
Bank Ahmedabad Branch, Ranipur More, Haridwar – 249401, Uttaranchal, India |
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Banking
Relations : |
Good |
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Auditors : |
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Name : |
Anil Ashok and Associates Chartered Accountant |
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Address : |
Arya Nagar, Jwalapur, Hardwar – 249407, Uttaranchal, India |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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25000000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 Millions |
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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 |
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31.03.2007 |
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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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101.445 |
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3] Reserves & Surplus |
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0.000 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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101.545 |
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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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65.547 |
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TOTAL BORROWING |
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68.547 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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170.092 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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57.671 |
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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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0.300 |
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Sundry Debtors |
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0.000 |
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Cash & Bank Balances |
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12.311 |
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Other Current Assets |
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0.700 |
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Loans & Advances |
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119.122 |
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Total
Current Assets |
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132.433 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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28.176 |
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Provisions |
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0.600 |
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Total
Current Liabilities |
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28.776 |
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Net Current Assets |
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103.657 |
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MISCELLANEOUS EXPENSES |
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8.764 |
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TOTAL |
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170.092 |
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KEY RATIOS
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PARTICULARS |
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31.03.2007 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.96 |
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Current Ratio (Current Asset/Current Liability) |
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4.60 |
LOCAL AGENCY
FURTHER INFORMATION
Form 8:
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Corporate identity
number (CIN) Foreign company registration number |
U24237DL2006PLC144789 |
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Name of the
Company |
PATANJALI AYURVED LIMITED |
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Address |
C-5/1, 1st
Floor, Wazirpur Industrial Area, New Delhi – 110052, India |
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This form is for |
Creation of Charge |
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Type of Charge |
Immovable
Property Movable Property
(not being pledge) Plant and
Machinery and Other Fixed Assets |
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Particulars of
the charge holder |
Punjab National Bank Ahmedabad Branch, Ranipur More, Haridwar – 249401, Uttaranchal, India |
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Nature or
description of the instrument(s) creating or modifying the charge |
Deed of
Hypothecation to Secure LC on DA Basis Hypothecation of
Movable Assets Forming Part of Fixed/ Block Assets |
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Date of the
instrument creating or modifying the charge |
24.07.2007 |
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Amount secured by
the charge |
Rs.45.000
Millions |
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Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of
Interests: As per bank
Guidelines applicable from time to time Terms of
repayment: Renewed Each Year Margin: NA Extent and
operations of the charge: Till the Adjustment
of Total Loan |
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Short particulars
of the property charged (including location of the property) |
One title deed
registered at Bahi No.1, Zild 79, Page 173 to 228 No.7038 Dated 30.04.2007 One title deed registered
at Bahi No.1, Zild 1190, Page 363 AD Book 1 Zild 1846 Page 155 to 164
No.11272 Dated 27.10.2006 |
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Particular of the
present modification |
NA |
Swami
Ramdev - A Biography
Swami Ramdev (1965 -
), also known as Baba Ramdev, is an Indian, Hindu swami. He is particularly
well-known for his efforts in popularizing Yoga. His yoga camps are attended by
a large number of people. People follow his yoga camps through TV channels and
video. He is also one of the founders of the Divya Yoga Mandir Trust that aims
to popularize Yoga.
Ramdev was born as Ramkishan Yadav in 1965, in Alipur in the Mahendragarh
district of Indian state of Haryana. He attended school till the eighth grade in
Shahjadpur. He then joined a gurukul in Khanpur village to study Sanskrit and
Yoga. Eventually, he renounced worldly life and entered into Sanyas (monastic
living) - taking his present name.
He then went to Jind district and joined the Kalva gurukul
and offered free Yoga training to villagers across Haryana.
Ramdev spent many years undertaking a study of ancient Indian scriptures. At
the same time, he also practiced intense self-discipline and meditation.
In 1995, Ramdev established Divya Yoga Mandir Trust with Acharya Karamveer and
Acharya Balkrishna. Acharya Karmaveer is well-versed in Yoga and Veda while
Acharya Balkrishna is a physician with a degree in Ayurveda.
He has also founded the Patanjali Yogpeeth Trust, an institution for treatment
and research in Yoga and Ayurveda, in Haridwar. The trust provides several free
services to all visitors.
Ramdev has taught several aspects of traditional Indian
scriptures such as Ashtadhyayee, Mahabhashya and Upanishads along with six
systems of Indian Philosophy in various Gurukuls. He has helped establish
Gurukuls in Kishangarh, Ghashera, and Mahendragarh in India.
His educational show is broadcast on the religious TV channel Aastha, as well
as shows on Zee network, Sahara One and India TV.
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 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
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Indian Rupees |
|
US Dollar |
1 |
Rs.41.68 |
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UK Pound |
1 |
Rs.81.23 |
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Euro |
1 |
Rs.64.13 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
7 |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
- |
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--CREDIT LINES |
1~10 |
6 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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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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41 |
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. |
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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