MIRA
INFORM REPORT
|
Report Date : |
08.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
ROHIT PACKAGING |
|
|
|
|
Registered
Office : |
Plot No.812/H-58, 59, Samtel Zone, RIICO Industrial Area, Bhiwadi,
Dist-Alwar – 301019, Rajasthan |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Year of
Establishment : |
2009 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3.891 Millions |
|
|
|
|
TIN No.: |
08340854790 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AIJPP2692N |
|
|
|
|
Legal Form : |
Sole Proprietory Concern. |
|
|
|
|
Line of Business
: |
Manufacturer and Suppliers of Thermocol - Moulding, Block Sheets, Pipe
Section, Insulation Packaging Items etc. |
|
|
|
|
No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
New Concern |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new proprietory concern establishing itself
gradually. Trade relations are reported as fair. Business is active. The
valuation report and networth statement provided seems to be satisfactory.
Payment terms are unknown. However, it would be take advisable securities whiled dealing with the
subject. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
|
|
|
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Rajpal Bhiduri |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9414012793 |
|
Date : |
06.08.2011 |
LOCATIONS
|
Registered Office/ Factory 1 : |
Plot No.812/H-58, 59, Samtel Zone, RIICO Industrial Area, Bhiwadi,
Dist-Alwar – 301019, Rajasthan, India |
|
Mobile No.: |
91-9414012793/ 9694080793 (Mr. Rajpal Bhiduri) |
|
E-Mail : |
|
|
Location : |
Rented |
|
|
|
|
Factory 2: |
G – 1239, RIICO Industrial Area, Bhiwadi,
Rajasthan, India |
SOLE PROPRIETOR
|
Name : |
Mr. Rajpal Bhiduri |
|
Designation : |
Proprietor |
|
Address : |
Opposite Unipatch, SBI Road, Bhiwadi, District – Alwar, Rajasthan,
India |
|
Date of Birth/Age : |
35 years |
|
Qualification : |
Graduate |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Suppliers of Thermocol - Moulding, Block Sheets, Pipe
Section, Insulation Packaging Items etc. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
|
|
|
|
No. of Employees : |
40 (Approximately) |
|
|
|
|
Bankers : |
· Corporation Bank |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S K Agarwal and Associates Chartered Accountant |
|
Address : |
111, 1st Floor, Ganpati Mall, Samtal Road, Bhiwadi –
301019, Rajasthan, India |
|
Tel No.: |
91-1493-298211 |
|
Mobile No.: |
91-9828115580 |
|
Email : |
CAPITAL STRUCTURE
PROPRIETOR’S CAPITAL
ACCOUNTS
(RS. IN MILLIONS)
|
Particulars |
31.03.2011 |
Particulars |
31.03.2011 |
|
|
|
|
|
|
To Household
Expenses |
0.098 |
By Balance b/d |
3.353 |
|
To LIC |
0.022 |
By Addition |
0.200 |
|
To Balance C/d |
3.891 |
By Net Profit |
0.458 |
|
|
|
|
|
|
Total |
4.011 |
Total
|
4.011 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Note: Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
3.891 |
3.352 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
3.891 |
3.352 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
1.100 |
1.300 |
|
|
TOTAL BORROWING |
|
1.100 |
1.300 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
4.991 |
4.652 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
2.794 |
3.268 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.140 |
0.098 |
|
|
Sundry Debtors |
|
4.768 |
4.171 |
|
|
Cash & Bank Balances |
|
0.834 |
0.225 |
|
|
Other Current Assets |
|
0.010 |
0.087 |
|
|
Loans & Advances |
|
0.130 |
0.100 |
|
Total
Current Assets |
|
5.882 |
4.681 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
3.295 |
2.907 |
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
|
|
|
|
Total
Current Liabilities |
|
3.685 |
3.297 |
|
|
Net Current Assets |
|
2.197 |
1.384 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
4.991 |
4.652 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income (Sales) |
|
18.922 |
8.617 |
|
|
|
Job Work Income |
|
2.563 |
6.696 |
|
|
|
Other Income |
|
0.286 |
0.006 |
|
|
|
TOTAL |
|
21.771 |
15.319 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
10.981 |
4.481 |
|
|
|
Power and Fuel Expenses |
|
3.671 |
5.193 |
|
|
|
Excise Duty and Edu. Cess |
|
1.767 |
0.433 |
|
|
|
Salary and Wages |
|
2.137 |
1.967 |
|
|
|
Factory Rent |
|
0.600 |
0.600 |
|
|
|
Miscellaneous Expenses |
|
0.123 |
0.217 |
|
|
|
Telephone Expenses |
|
0.045 |
0.039 |
|
|
|
Travelling Expenses |
|
0.095 |
0.070 |
|
|
|
Other Expenses |
|
1.387 |
1.593 |
|
|
|
TOTAL |
|
20.806 |
14.593 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
0.965 |
0.726 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.507 |
0.540 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT/
(LOSS) |
|
0.458 |
0.186 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
|
2.10 |
1.21 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
2.42 |
2.16 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
5.28 |
2.34 |
|
0. |
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.12 |
1.37 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
1.23 |
1.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.60 |
1.42 |
LOCAL AGENCY FURTHER INFORMATION
PROJECTED
BALANCE SHEET
(RS. IN MILLIONS)
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2013 |
|
|
|
|
(Projected) |
||
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
4.277 |
4.749 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
4.277 |
4.749 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
1.100 |
1.100 |
|
|
TOTAL BORROWING |
|
1.100 |
1.100 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
5.377 |
5.849 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
2.368 |
2.011 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.161 |
0.186 |
|
|
Sundry Debtors |
|
5.738 |
6.999 |
|
|
Cash & Bank Balances |
|
0.959 |
1.103 |
|
|
Other Current Assets |
|
0.012 |
0.017 |
|
|
Loans & Advances |
|
0.136 |
0.141 |
|
Total
Current Assets |
|
7.006 |
8.446 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
3.589 |
4.137 |
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
|
|
|
|
Total
Current Liabilities |
|
3.997 |
4.608 |
|
|
Net Current Assets |
|
3.009 |
3.838 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
5.377 |
5.849 |
|
PROFIT
& LOSS ACCOUNT
(RS. IN MILLIONS)
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2013 |
|
|
|
|
|
(Projected) |
||
|
|
SALES |
|
|
|
|
|
|
|
Income (Sales) |
|
21.761 |
24.825 |
|
|
|
Job Work Income |
|
2.948 |
3.390 |
|
|
|
Other Income |
|
0.319 |
0.378 |
|
|
|
TOTAL |
|
25.028 |
28.593 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
12.756 |
14.654 |
|
|
|
Power and Fuel Expenses |
|
4.272 |
4.855 |
|
|
|
Excise Duty and Edu. Cess |
|
2.032 |
2.337 |
|
|
|
Salary and Wages |
|
2.458 |
2.826 |
|
|
|
Factory Rent |
|
0.690 |
0.794 |
|
|
|
Miscellaneous Expenses |
|
0.142 |
0.163 |
|
|
|
Telephone Expenses |
|
0.042 |
0.060 |
|
|
|
Travelling Expenses |
|
0.110 |
0.126 |
|
|
|
Other Expenses |
|
1.603 |
1.833 |
|
|
|
TOTAL |
|
24.105 |
27.648 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
0.923 |
0.945 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.424 |
0.357 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT/
(LOSS) |
|
0.499 |
0.588 |
|
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF TOTAL
INCOME
(RS. IN MILLIONS)
|
Particulars |
2010-2011 |
||
|
|
|
|
|
|
INCOME FROM BUSINESS
OR PROFESSION (CHAPTER IV D) |
|
|
0.266 |
|
|
|
|
|
|
Rohit Packaging |
|
|
|
|
Profit as per Profit and Loss A/c |
0.186 |
|
|
|
Add: Depreciation Debited in P and L A/c |
0.540 |
|
|
|
Total |
0.726 |
|
|
|
|
|
|
|
|
Less: Depreciation as per Chart u/s 32 |
0.540 |
|
|
|
Total |
0.540 |
0.186 |
|
|
|
|
|
|
|
Bhiduri Roadways
|
|
|
|
|
Profit as per Profit and Loss A/c |
0.080 |
|
|
|
Total |
|
0.080 |
|
|
|
|
|
|
|
INCOME FROM OTHER
SOURCES (CHAPTER IV F) |
|
|
0.025 |
|
|
|
|
|
|
Employees Contribution Towards ESI |
|
0.022 |
|
|
Employees Contribution Towards PF |
|
0.003 |
|
|
|
|
0.025 |
|
|
|
|
|
|
|
Gross Total
Income |
|
|
0.291 |
|
|
|
|
|
|
Total Income |
|
|
0.291 |
|
Round off u/s 288 A |
|
|
0.291 |
|
|
|
|
|
|
Tax Due (Exemption Limit Rs.0.190 Million) |
|
0.010 |
|
|
Educational Cess |
|
0.000 |
|
|
|
|
0.010 |
|
|
TDS |
|
0.107 |
|
|
|
|
(0.097) |
|
|
Roundable (Round off u/s 288 B) |
|
0.0967 |
|
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
NAME
OF THE APPLICANT: MR. RAJPAL BHIDURI
NAME
OF THE GUARANTOR: MR. RAMPAT
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE
PROPRIETORY
|
Particulars |
Applicant |
Guarantor |
|
|
|
|
|
Address of the Property with survey No./ Door No. |
9/5 Commercial
Plot |
G-1239,
Commercial Industrial Area |
|
|
|
|
|
Description : Land/ Site/ Building |
Building |
Building |
|
|
|
|
|
Whether Freehold/ Leasehold |
Freehold |
Freehold |
|
|
|
|
|
Type of Property: Commercial/ Residential/ Agricultural |
Commercial |
Commercial |
|
|
|
|
|
Area/ Extent of Land |
96 M. |
-- |
|
|
|
|
|
Present Market/
Assessed Value |
Rs.4.000 Millions |
Rs.12.500 Millions |
VEHICLES
OWNED
|
Model/ Make |
Eicher |
-- |
|
|
|
|
|
Date of Purchases |
2007 |
-- |
|
|
|
|
|
Present Market value |
Rs.0.300 Million |
-- |
OTHERS
ASSETS
|
Furniture and Fixtures |
0.050 |
0.010 |
|
|
|
|
|
Cash in Hand |
0.300 |
0.250 |
|
|
|
|
|
Jewellery |
0.020 |
0.150 |
|
|
|
|
|
Plant and Machinery |
2.000 |
-- |
|
|
|
|
|
Other Assets if any |
0.050 |
0.100 |
|
|
|
|
|
Total Value of
other Assets |
Rs.2.420 Millions |
Rs.0.510 Million |
|
TOTAL ASSETS |
RS.6.720 MILLIONS |
RS.13.010 MILLION |
------------------------------------------------------------------------------------------------------------------------------
REPORT BY BRANCH OFFICIAL AFTER SITE INSPECTION
|
Date of Inspection |
29.07.2011 |
|
|
|
|
Purpose of Inspection |
SME Liquid Plus (Cslps) |
|
|
|
|
Name and Designation of the Inspection
Official |
Mr. Pramod Kumar Tardia – Manager Mr. Sumit Kumar Kethwas – Officer |
|
|
|
|
Name of the Applicant/ Borrower |
Rohit Packaging Proprietor: Rajpal |
|
|
|
|
Complete Address of the site visited |
G – 1239, RIICO Industrial Area, Bhiwadi. |
|
|
|
|
Important Landmarks for Identification of
site |
This site is allotted by RIICO Bhiwadi. Boundaries: North: G – 1239 A South: Road East: Road West: Road |
|
|
|
|
Comments about the site/ supper structure/
Construction Progress visit report of security: |
The said property is situation in RIICO
Industrial Area, Bhiwadi. Prices of the property is very high and
increasing day by day in this Area. |
------------------------------------------------------------------------------------------------------------------------------
VALUATION OF IMMOVABLE PROPERTY
(OTHER
THEN AGRICULTURE LAND PLANTATION FORESTS AND MINES)
(LAND
AND BUILDING)
PART
– I QUESTIONNAIRE
GENERAL INFORMATION
|
Purpose for which Assessment Made |
To assess fair market value |
|
|
|
|
Date on which Assessment made |
22nd July 2011 |
|
|
|
|
Name of the Owner/ Owners |
M/s Rampat |
|
|
|
|
Brief Description of Property |
Industrial |
|
|
|
|
Location, Street, Ward No. |
Plot No. G-1239, RIICO Industrial Bhiwadi District Alwar (Rajasthan) |
|
|
|
|
Survey/ Plot No. of Land |
Plot No. G-1239, RIICO Industrial Bhiwadi District Alwar (Rajasthan) |
|
|
|
|
Is the property situated in Residential/ Commercial/ Mixed Area/
Industrial Area |
Industrial Area |
|
|
|
|
Classification of locality –high class/ middle class/ poor class |
Medium Class |
|
|
|
|
Proximity to civic amenities, like school, Hospital, Offices, market,
cinema etc. |
1.50 K.M. |
|
|
|
|
Means and proximity to surface communications by which the locality is
served. |
By Surface Transport |
|
|
|
|
LAND |
|
|
Area of land supported by documentary proof shape Dimensions and
Physical features. |
As Lease Agreement 1435.00 sq. Mtr. |
|
|
|
|
Roads, Street or Lanes on which The land is abutting |
North: Private Land South: RIICO Road East: RIICO Road West: Plot No. G – 1239 (A) |
|
|
|
|
Is it free hold or lease hold land? |
Leasehold |
|
|
|
|
If Lease Hold, the Name of Lessor/ Lessee, nature of lease, date of
commencement t and termination of lease and terms of renewal of lease |
RIICO 99 years |
|
|
|
|
Is there any restrictive convenient in regard to use of land? |
For Industrial |
|
|
|
|
RENTS |
|
|
Portion in their occupation |
100% |
|
|
|
|
SALES |
|
|
Land rate adopted in this valuation |
Rs.7000 per Sq. Mtr. |
|
|
|
|
COST OF CONSTRUCTION
|
|
|
What was the method of construction by contractor by employing labor
directly/ both? |
By employing labor Directly? |
|
|
|
|
Estimated future life of the property |
50 years |
PART II VALUATION
Note:
Valuation has been framed on the basis of plinth Area Rates as on
01.10.2007 C.P.W.D. Government of India and India are based on CPWD DSR 2007.
CALCULATION
Working Hall (R.C.C. Frame Structure 4.50 M BOT. HT) = 285.00 Sqm.
Guard room (Load be4aring STR. 310 M HT) = 10.05 Sqm.
Boundary Wall (Brick Wall 2.00 M Avg HT.) = 100.0RMT
CALCULATION
Working Hall (RCC
Frame Structure 4.50 M HT) = 285.00 Sqm.
Plinth area rate as on 01.10.2007for Load Bearing structure at Ground
floor 4.50 m height @ Rs.9000 per sqm.
Value of working Shed
= 285.00 sqm. X Rs.7500
= Rs.2.138 Millions
Guard Room (Load
Bearing Structure 4.50 M HT) = 10.05 sqm
Plinth Area rate as on 01.10.2007 for load bearing structure at ground floor
@ Rs.6390 per sqm.
Value of Guard Room
= 10.05 sqm x Rs.6390
= Rs.0.064 Million
Boundary wall
(Brick Wall 2.00 M AVG HT.) = 100.00 RMT
Value of Boundary Wall
= 100.00 RMT x Rs.3500
= Rs.0.350 Millions
Value of Building
(Sum of 1 to 3) = Rs.2.552 Millions
Total Value of
Building = Rs.2.552
VALUE OF LAND
As per RIICO and as per local property consultants. The rate of land @
Rs.7000 per sqm.
= 1435.00 sq. Mtr.
x Rs.7000 = Rs.10.045 Millions
Total Value of Land
and Building= Rs.10.045 Millions + Rs.2.552 Millions
Fair Market Value
of the property = Rs.12.597 Millions
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
· Kajaria Ceramics Limited
· Somali Tiles
· Hindustan Wires and Industries Limited
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS
· Air Conditioner
· D G Set
· EPS Moulding Machine
· Fire Safety Equipments
· Mobile Set
· Plant and Machinery
· Weighting Scale
· Welding Machine
· Office Equipment
· Computers
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.80 |
|
|
1 |
Rs.72.85 |
|
Euro |
1 |
Rs.63.11 |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.