MIRA
INFORM REPORT
|
Report Date : |
29.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
MOSDORFER INDIA PRIVATE LIMITED |
|
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Registered Office : |
403C, Wing B1, Marathon Innova, |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
02.03.2007 |
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Com. Reg. No.: |
11-168305 |
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Capital Investment / Paid-up Capital : |
Rs.24.000 millions |
|
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|
|
CIN No.: [Company
Identification No.] |
U74999MH2007PTC168305 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMM31481C |
|
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|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business : |
Manufacturer of Hardware, Fittings, Accessories of Insulators,
Conductors, Earth Wire and OPW required in Power Transmission Lines. |
|
|
|
|
No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (17) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow |
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|
Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. There appears
huge accumulated losses recorded by the company. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings on a secured trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INFORMATION PARTED BY
|
Name : |
Ms. Jigna |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-24926393 |
|
Date : |
27.12.2011 |
LOCATIONS
|
Registered Office : |
403C, Wing B1, Marathon Innova, |
|
Tel. No.: |
91-22-24926395 / 93 / 94 |
|
Fax No.: |
91-22-24374287 / 24953082 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
No. 193/194, Village Gonde, MISC, Nashik, |
|
Location : |
Owned |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Pradeep Brijlal Saigal |
|
Designation : |
Chairman |
|
Address : |
B-101, 10th Floor, Bay View, Tanna Residency, Prabhadevi,
Mumbai – 400 025, |
|
Date of Birth/Age : |
22.04.1959 |
|
Date of Appointment : |
02.03.2007 |
|
DIN No.: |
00266466 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U74140MH1990PTC057046 |
Pransa
International Private Limited |
Director |
27-06-90 |
27-06-90 |
- |
Active |
NO |
|
2 |
U67120MH1991PTC062686 |
Kashish
Holdings Private Limited |
Director |
26-07-91 |
26-07-91 |
- |
Active |
NO |
|
3 |
U24110MH1994PTC077403 |
Naphthalo
Organics Limited |
Director |
29-03-94 |
29-03-94 |
- |
Strike
off |
NO |
|
4 |
U26920MH1994PTC080200 |
Xicon
Engineering Services Private Limited |
Director |
09-08-94 |
09-08-94 |
- |
Active |
NO |
|
5 |
U65920MH1994PTC080771 |
Pransa
Financial Consultants Private Limited |
Director |
02-09-94 |
02-09-94 |
- |
Active |
NO |
|
6 |
U65990MH1995PTC091017 |
Finanz
Holdings Private Limited |
Director |
26-07-95 |
26-07-95 |
- |
Active |
NO |
|
7 |
U67120MH1994PTC076393 |
Philtre
Investment and Finance Private Limited |
Director |
30-09-03 |
30-09-03 |
- |
Active |
NO |
|
8 |
U74999MH2007PTC168305 |
Mosdorfer
India Private Limited |
Director |
02-03-07 |
02-03-07 |
- |
Active |
NO |
|
9 |
U74900MH2008PTC185066 |
Palladio
Pransa Consultancy Services Private Limited |
Director |
24-07-08 |
24-07-08 |
- |
Active |
NO |
|
10 |
U63011MH2008PTC186607 |
Maxima
Logistics and Management Services Private Limited |
Director |
10-09-08 |
10-09-08 |
- |
Active |
NO |
|
11 |
U74990MH2009PTC195124 |
Kinetic
Fgtecnopolo Engineering Services Private Limited |
Director |
20-08-09 |
20-08-09 |
17-12-10 |
Active |
NO |
|
|
|
|
Name : |
Mr. Erich Kaltmann |
|
Designation : |
Director |
|
Address : |
Weizbachweg 40 F 18, Andritz, |
|
Date of Birth/Age : |
08.09.1969 |
|
Date of Appointment : |
02.03.2007 |
|
DIN No.: |
00404926 |
|
|
|
|
Name : |
Mr. Guntram Wilhelm Haas |
|
Designation : |
Director |
|
Address : |
Janneckweg 10, St. Peter, |
|
Date of Birth/Age : |
29.07.1967 |
|
Date of Appointment : |
02.03.2007 |
|
DIN No.: |
00401004 |
|
|
|
|
Name : |
Mr. Christian Knill |
|
Designation : |
Director |
|
Address : |
Eisengasse 24A, |
|
Date of Birth/Age : |
24.01.1970 |
|
Date of Appointment : |
29.07.2011 |
|
DIN No.: |
03605708 |
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|
|
|
Name : |
Mr. Franz Leinholz |
|
Designation : |
Director |
|
Address : |
Kloepfergasse 8A, Kalsdorf BE, |
|
Date of Birth/Age : |
12.04.1953 |
|
Date of Appointment : |
02.03.2007 |
KEY EXECUTIVES
|
Name : |
Ms. Jigna |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Pransa International Private Limited, |
|
312 |
|
Mosdorfer |
|
1776 |
|
Ragworth Consultants Private Limited, |
|
312 |
|
Total |
|
2400 |
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
74.00 |
|
Other
top fifty shareholders |
|
26.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Hardware, Fittings, Accessories of Insulators,
Conductors, Earth Wire and OPW required in Power Transmission Lines. |
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Exports : |
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|
Products : |
Hardware, Fittings, Accessories of Insulators, Conductors, Earth Wire
and OPW |
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Countries : |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
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Terms : |
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Selling : |
Cash – 45 days |
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Purchasing : |
Cash – 45 days |
PRODUCTION STATUS (As on 31.03.2011)
Licensed Capacity for Spacer Damper Assembly *
- NA
Installed Capacity - 500000
Quantity manufactured during the year – 116963
* Based on single shift operation as certified by the management
GENERAL INFORMATION
|
Customers : |
Wholesalers |
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No. of Employees : |
30 (Approximately) |
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Bankers : |
·
HFDC Bank, ·
Corporation Bank BG-1, Delphi, |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Manek and Associates Chartered Accountants |
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Address : |
3, Shanti Kunj, 17th |
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Tel. No.: |
91-22-26185110 / 26185137 |
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Fax No.: |
91-22-26184912 |
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E-Mail : |
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PAN No.: |
AAHPM4874F |
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Holding Company : |
Mosdorfer |
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|
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Controlling Company : |
Mosdorfer Pransa Enterprises – A partnership Firm Equal Partners – Pransa International Private Limited
Ragworth Consultants Private Limited
|
|
|
|
|
Other Related Parties : |
·
Damp SRL ·
Mosdorfer MRP ·
Finanz Holding Private Limited |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2500 |
Equity Shares |
Rs.10000/- each |
Rs.25.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2400 |
Equity Shares |
Rs.10000/-
each |
Rs.24.000
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
24.000 |
24.000 |
24.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(20.572) |
(7.481) |
(8.947) |
|
|
NETWORTH |
3.428 |
16.519 |
15.053 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.389 |
0.739 |
1.050 |
|
|
2] Unsecured Loans |
47.366 |
47.366 |
12.500 |
|
|
TOTAL BORROWING |
47.755 |
48.105 |
13.550 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
51.183 |
64.624 |
28.603 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
14.292 |
16.975 |
16.514 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
20.484
|
20.125 |
7.919 |
|
|
Sundry Debtors |
18.102
|
61.255 |
8.425 |
|
|
Cash & Bank Balances |
9.547
|
9.915 |
5.123 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
11.413
|
7.770 |
3.272 |
|
Total
Current Assets |
59.546
|
99.065 |
24.739 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
18.739 |
38.740 |
11.443 |
|
|
Other Current Liabilities |
3.916
|
12.556 |
1.087 |
|
|
Provisions |
0.000
|
0.120 |
0.120 |
|
Total
Current Liabilities |
22.655
|
51.416 |
12.650 |
|
|
Net Current Assets |
36.891
|
47.649 |
12.089 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
51.183 |
64.624 |
28.603 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income from Operations |
130.951 |
114.420 |
21.879 |
|
|
|
Other Income |
6.000 |
3.236 |
0.551 |
|
|
|
TOTAL (A) |
136.951 |
117.656 |
22.430 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods sold |
113.613 |
77.681 |
17.595 |
|
|
|
Manufacturing and Other Expenses |
16.544 |
16.891 |
5.757 |
|
|
|
Administrative and Other Expenses |
7.281 |
5.753 |
6.304 |
|
|
|
Selling and Distribution Expenses
|
4.781 |
6.665 |
0.081 |
|
|
|
Increase / Decrease in Stock |
(5.545) |
(0.251) |
(0.439) |
|
|
|
TOTAL (B) |
136.674 |
106.739 |
29.298 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.277 |
10.917 |
(6.868) |
|
|
|
|
|
|
|
|
|
Less |
FINANCE EXPENSES (D) |
7.832 |
3.280 |
0.439 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(7.555) |
7.637 |
(7.307) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
5.471 |
6.170 |
1.590 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
(13.026) |
1.467 |
(8.897) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.051 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) AFTER
TAX (G-H) (I) |
(13.026) |
1.467 |
(8.948) |
|
|
|
|
|
|
|
|
|
Add |
TAX OF EARLIER
YEARS |
(0.065) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(7.481) |
(8.948) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(20.572) |
(7.481) |
(8.948) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Sales – Manufacturing |
74.862 |
31.167 |
21.879 |
|
|
|
Sales – Trading |
2.832 |
0.429 |
0.000 |
|
|
TOTAL EARNINGS |
77.694 |
31.596 |
21.879 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
14.534 |
15.619 |
5.381 |
|
|
|
Trading Goods |
0.000 |
4.957 |
0.000 |
|
|
TOTAL IMPORTS |
14.534 |
20.576 |
5.381 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(5455.00) |
611.00 |
(6242.00) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(9.51)
|
1.25 |
(39.89) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(9.95)
|
1.28 |
(40.66) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(17.64)
|
1.26 |
(21.57) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(3.80)
|
0.09 |
(0.59) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
20.54
|
6.02 |
1.74 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.63
|
1.93 |
1.96 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
|
Particulars |
As
on 31.03.2011 Rs.
in millions |
As
on 31.03.2010 Rs.
in millions |
As
on 31.03.2009 Rs.
in millions |
|
Sundry Creditors – due to micro, small and medium enterprises |
13.731 |
23.247 |
5.063 |
|
Others |
5.008 |
15.493 |
6.380 |
|
Total |
18.739 |
38.740 |
11.443 |
|
Sr. No. |
Check List by Info Agents |
|
|
1. |
Year of Establishment |
YES |
|
2. |
Locality of the firm |
YES |
|
3. |
Constitutions of the firm |
YES |
|
4. |
Premises details |
YES |
|
5. |
Type of Business |
YES |
|
6. |
Line of Business |
YES |
|
7. |
Promoter’s background |
-- |
|
8. |
No. of employees |
YES |
|
9. |
Name of person contacted |
YES |
|
10. |
Designation of contact person |
YES |
|
11. |
Turnover of firm for last two years |
YES |
|
12. |
Profitability for last three years |
NO |
|
13. |
Reasons for variations <> 20% |
-- |
|
14. |
Estimation for coming financial year |
NO |
|
15. |
Capital in the business |
YES |
|
16. |
Details of sister concerns |
-- |
|
17. |
Major Suppliers |
NO |
|
18. |
Major Customers |
NO |
|
19. |
Payment terms |
YES |
|
20. |
Export / Import details (is applicable) |
YES |
|
21. |
Market information |
-- |
|
22. |
Litigation that the firm / promoter involved
in |
-- |
|
23. |
Banking Details |
YES |
|
24. |
Banking facility details |
-- |
|
25. |
Conduct of the banking account |
-- |
|
26. |
Buyer visit details |
-- |
|
27. |
Financials, if provided |
NO |
|
28. |
Incorporation details, if applicable |
-- |
|
29. |
Last accounts filed at ROC |
-- |
|
30. |
Major Shareholders, is available |
-- |
NOTE
The Registered Office of the company has been shifted from B-14, Mamta,
A. M. Marg, Prabhadevi, Mumbai – 400 025,
FORM 8
|
This form is for |
Creation of
charge |
|
Corporate identity
number of the company |
U74999MH2007PTC168305 |
|
Name of the
company |
MOSDORFER INDIA PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
B-14, Mamta, A.M. Marg, Prabhadevi, Mumbai- 400 025, |
|
Type of charge |
Others ·
Vehicles
|
|
Particular of
charge holder |
Corporation Bank-BG-1, Delphi, Orhard Avenue, Hiranandani Business
Park, Powai Branch, Mumbai- 400076, Maharashtra,
India |
|
Nature of
description of the instrument creating or modifying the charge |
Agreement for
hypothecation of vehicles |
|
Date of
instrument Creating the charge |
28.03.2009 |
|
Amount secured by
the charge |
Rs.1.050 Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest:
ROI- 11.00% p. a (Floating) and/or as stipulated by bank from time to
time. Terms of
Repayment: As stipulated by Bank from time to time. Margin: As
stipulated by Bank from time to time. Extent and
Operation of the charge: First charge (present and future)= Vehicle Loan-
Corp mobile total limit of Rs. 1.050 Million Others: As stipulated
by bank from time to time and as per agreement attached and as per sanction
letter of the bank. |
|
Short particulars
of the property charged |
First charge
(present and future)= hypothecation of a brand new Toyota Innova VX 7 Car
champagne coloured, purchased from Shinrai Toyota Vide proforma invoice
512 dated 10.02.2009, costing Rs.
1.313 Millions inclusive of registration, insurance and other charges. |
FIXED ASSETS
·
·
Furniture
·
Plant and Machinery
·
Air Conditioner
·
Computers and Computer
Software
·
Car
·
Office Equipment
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.53.21 |
|
|
1 |
Rs.83.32 |
|
Euro |
1 |
Rs.69.51 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
1 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
17 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
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.