MIRA
INFORM REPORT
|
Report Date : |
19.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
GOEL ELECTRONICS |
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Registered
Office : |
Telibagh Bazar, |
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Country : |
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Financials (as
on) : |
30.09.2010 (Provisional) |
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Date of
Incorporation : |
02.09.2002 |
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PAN No.: [Permanent Account No.] |
AEXPG0965K |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business
: |
Trader of Electronics Goods. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
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Comments : |
Subject seems to be an established concern in its field. The valuation
report has not been provided by the subject. The networth statement provided
is not certified. However no complaints have been heard from indirect or
market sources. It would be advisable to take adequate securities while 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 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Vivek Goel |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9839015418 |
|
Date : |
10.02.2011 |
LOCATIONS
|
Registered Office : |
Telibagh Bazar, |
|
Tel. No.: |
91-522-2440018 |
|
Mobile No.: |
91-9839015418 – (Mr. Vivek Goel) |
|
E-Mail : |
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|
Area : |
220 sq. ft. |
|
Location : |
Rented |
SOLE PROPRIETOR
|
Name : |
Mr. Vivek Goel |
|
Designation : |
Proprietor |
BUSINESS DETAILS
|
Line of Business : |
Trader of Electronics Goods. |
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|
Products : |
Electronics Goods |
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Agencies Held : |
§
Samsung §
Nokia §
Havells §
Bajaj §
Godrej §
LG |
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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
|
Customers : |
Retailers and Supply to Semi Government and Central Government
Institutions. · Kusum Enterprises · Lado Telecom · Mavtas Infra Limited (Labour) · Ramky Infra · Rasool Bux · Sai Mobile |
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Suppliers : |
· Agrawal Electric Company · Alpha Electronics · Anu Agencies · Bhaarar Sales Corporation · B K Enterprises · Chiragdeep and Company · Diamond Distributor · G K Enterprises · Harihar Enterprises · Hari Om Traders · Haryana Medicine Agencies · Initiative Communication · K A Distribution · Nice Agency ·
P D · R R. Agencies · R S Electronics · Sai Distributors · Suman Enterprises · Sona Deep Traders · Surya Mobile ·
· Vinayak Communication |
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No. of Employees : |
03 |
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Bankers : |
· Corporation Bank Telibagh, |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
S. N. Gupta and Associates Chartered Accountant |
|
Address : |
A-1/76, Viram Khand, Gomti Nagar, |
|
Tel. No.: |
91-522-2616296/ (R) – 2392937/ 2397484 |
|
Mobile No.: |
91-9415101759 |
CAPITAL STRUCTURE
PROPRIETOR’S
CAPITAL ACCOUNT
(RS. IN MILLIONS)
|
Particulars |
30.09.2010 (Provisional) |
|
|
|
|
Mr. Vivek Goel |
|
|
Balance as on
01.04.2010 |
0.531 |
|
Add: Addition During the year |
0.050 |
|
Add: Profit During the year |
0.274 |
|
|
0.855 |
|
Less: Drawings |
0.030 |
|
School Fees |
0.014 |
|
LIC |
0.008 |
|
|
|
|
Total |
0.803 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
30.09.2010 (Provisional) |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
|
1] Share Capital |
0.803 |
0.522 |
0.355 |
0.075 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
0.803 |
0.522 |
0.355 |
0.075 |
|
|
LOAN FUNDS |
|
|
|
|
|
|
1] Secured Loans |
1.365 |
0.981 |
0.960 |
0.927 |
|
|
2] Unsecured Loans |
0.663 |
0.393 |
0.132 |
0.000 |
|
|
TOTAL BORROWING |
2.028 |
1.374 |
1.092 |
0.927 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
2.831 |
1.896 |
1.447 |
1.002 |
|
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.112 |
0.120 |
0.144 |
0.185 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
INVESTMENT |
0.066 |
0.036 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
|
Inventories |
2.796
|
2.081
|
1.138 |
0.651 |
|
|
Sundry Debtors |
0.529
|
0.720
|
0.326 |
0.012 |
|
|
Cash & Bank Balances |
0.004
|
0.004
|
0.018 |
0.028 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.059 |
0.001 |
|
|
Loans & Advances |
0.639
|
0.593
|
0.000 |
0.406 |
|
Total
Current Assets |
3.968
|
3.398 |
1.541 |
1.098 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
|
Sundry Creditor |
0.997
|
1.399
|
0.238 |
0.281 |
|
|
Other Current Liabilities |
0.318
|
0.259
|
0.000 |
0.000 |
|
|
Provisions |
0.000
|
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
1.315
|
1.658 |
0.238 |
0.281 |
|
|
Net Current Assets |
2.653
|
1.740 |
1.303 |
0.817 |
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
2.831 |
1.896 |
1.447 |
1.002 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
30.09.2010 (Provisional) |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
Income |
1.976 |
6.290 |
2.084 |
2.573 |
|
|
|
Other Income |
0.651 |
1.015 |
1.175 |
0.678 |
|
|
|
TOTAL (A) |
2.627 |
7.305 |
3.259 |
3.251 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
Cost of Goods Sold |
1.873 |
6.019 |
1.765 |
2.745 |
|
|
|
Wages |
0.092 |
0.128 |
0.268 |
0.000 |
|
|
|
Salary |
0.191 |
0.559 |
0.680 |
0.203 |
|
|
|
Accounting Charges |
0.012 |
0.012 |
0.000 |
0.000 |
|
|
|
Electricity Expenses |
0.007 |
0.011 |
0.016 |
0.004 |
|
|
|
Conveyance Expenses |
0.015 |
0.027 |
0.000 |
0.000 |
|
|
|
Staff Welfare Expenses |
0.005 |
0.012 |
0.009 |
0.002 |
|
|
|
|
0.009 |
0.009 |
0.011 |
0.004 |
|
|
|
Repairs and Maintenance Expenses |
0.012 |
0.016 |
0.000 |
0.000 |
|
|
|
Office Rent |
0.024 |
0.048 |
0.036 |
0.010 |
|
|
|
Office Expenses |
0.010 |
0.012 |
0.010 |
0.001 |
|
|
|
Other Expenses |
0.030 |
0.032 |
0.045 |
0.001 |
|
|
|
TOTAL (B) |
2.280 |
6.885 |
2.840 |
2.970 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)
(C) |
0.347 |
0.420 |
0.419 |
0.281 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.065 |
0.133 |
0.127 |
0.121 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.282 |
0.287 |
0.292 |
0.160 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.008 |
0.023 |
0.041 |
0.020 |
|
|
|
|
|
|
|
|
|
|
|
NET PROFIT (E-F) (G) |
0.274 |
0.264 |
0.251 |
0.140 |
|
KEY RATIOS
|
PARTICULARS |
|
30.09.2010 (Provisional) |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
10.43
|
3.61 |
7.70 |
4.31 |
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
13.87
|
4.20 |
12.04 |
5.44 |
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.72
|
7.50 |
14.90 |
10.91 |
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34
|
0.51 |
0.71 |
1.87 |
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.16
|
5.81 |
3.75 |
16.11 |
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.02
|
2.05 |
6.47 |
3.91 |
LOCAL AGENCY FURTHER INFORMATION
PROJECTED
BALANCE SHEET
(RS.
IN MILLIONS)
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
|
(PROJECTED) |
||||
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
|
1] Share Capital |
0.651 |
0.779 |
0.948 |
1.245 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
0.651 |
0.779 |
0.948 |
1.245 |
|
|
LOAN FUNDS |
|
|
|
|
|
|
1] Secured Loans |
1.400 |
1.300 |
1.250 |
1.156 |
|
|
2] Unsecured Loans |
0.743 |
0.603 |
0.410 |
0.413 |
|
|
TOTAL BORROWING |
2.143 |
1.903 |
1.660 |
1.569 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
2.794 |
2.682 |
2.608 |
2.814 |
|
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.002 |
1.752 |
1.490 |
1.268 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
INVESTMENT |
0.088 |
0.117 |
0.147 |
0.184 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
|
Inventories |
2.365
|
2.546
|
2.600 |
2.466 |
|
|
Sundry Debtors |
1.026
|
1.297
|
1.277 |
1.191 |
|
|
Cash & Bank Balances |
0.022
|
0.030
|
0.027 |
0.041 |
|
|
Other Current Assets |
0.096
|
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.420
|
0.300
|
0.200 |
0.250 |
|
Total
Current Assets |
3.929
|
4.173 |
4.104 |
3.948 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
|
Sundry Creditor |
1.476 |
1.480
|
1.389 |
0.925 |
|
|
Other Current Liabilities |
1.749
|
1.880
|
1.744 |
1.650 |
|
|
Provisions |
0.000
|
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
3.225
|
3.360 |
3.133 |
2.575 |
|
|
Net Current Assets |
0.704
|
0.813 |
0.971 |
1.373 |
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
2.794 |
2.682 |
2.608 |
2.825 |
|
PROJECTED
PROFIT & LOSS ACCOUNT
(RS.
IN MILLIONS)
|
|
PARTICULARS |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
|
|
(PROJECTED) |
||||
|
|
SALES |
|
|
|
|
|
|
|
|
Income |
8.519 |
8.719 |
9.619 |
10.285 |
|
|
|
Other Income |
0.554 |
1.490 |
1.640 |
1.810 |
|
|
|
TOTAL (A) |
9.073 |
10.209 |
11.259 |
12.095 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
Cost of Goods Sold |
7.569 |
8.172 |
9.000 |
9.676 |
|
|
|
Wages |
0.247 |
0.197 |
0.266 |
0.342 |
|
|
|
Salary |
0.392 |
0.427 |
0.467 |
0.533 |
|
|
|
Accounting Charges |
0.025 |
0.025 |
0.028 |
0.032 |
|
|
|
Conveyance Expenses |
0.042 |
0.038 |
0.046 |
0.048 |
|
|
|
Staff Welfare Expenses |
0.018 |
0.013 |
0.019 |
0.023 |
|
|
|
|
0.11 |
0.023 |
0.030 |
0.035 |
|
|
|
Repairs and Maintenance Expenses |
0.015 |
0.039 |
0.028 |
0.025 |
|
|
|
Office Rent |
0.060 |
0.072 |
0.084 |
0.096 |
|
|
|
Other Expenses |
0.071 |
0.231 |
0.297 |
0.349 |
|
|
|
TOTAL (B) |
8.549 |
9.237 |
10.265 |
11.159 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.524 |
0.972 |
0.994 |
0.936 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.202 |
0.300 |
0.288 |
0.286 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.322 |
0.672 |
0.706 |
0.650 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.016 |
0.317 |
0.263 |
0.222 |
|
|
|
|
|
|
|
|
|
|
|
NET PROFIT (E-F) (G) |
0.306 |
0.355 |
0.443 |
0.428 |
|
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF COMPUTATION OF TOTAL INCOME
MR.
VIVEK GOEL
(RS.
IN MILLIONS)
|
PARTICULARS |
2010-11 |
|
|
|
|
|
|
Income From
Salary |
|
0.000 |
|
|
|
|
|
Income From
Business or Profession |
|
0.264 |
|
Net Profit |
0.264 |
|
|
|
|
|
|
Income From
House Property |
|
0.000 |
|
|
|
|
|
Income From
Other Sources |
|
0.000 |
|
|
|
|
|
GROSS TOTAL INCOME |
|
0.264 |
|
|
|
|
|
Less: Deduction under Chapter IVA |
|
(0.041) |
|
LIC - |
0.020 |
|
|
School Fees - |
0.021 |
|
|
|
|
|
|
TOTAL INCOME |
|
0.223 |
|
|
|
|
|
Rounding off U/s 288 A |
|
0.223 |
|
|
|
|
|
Income Taxable at |
0.223 |
|
|
|
|
|
|
TAX CALCULATION |
||
|
Tax at |
|
0.006 |
|
Total Tax |
|
0.006 |
|
Add: Education Cess: |
|
0.00 |
|
|
|
|
|
Total |
|
Nil |
|
|
|
|
|
Add: Interests Payable |
|
0.000 |
|
Total Tax and Interests Payable |
|
0.006 |
|
|
|
|
|
Less: TDS/ TCS |
|
0.009 |
|
Less: Advances Tax |
|
Nil |
|
|
|
|
|
Refund |
|
0.003 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
NAME
OF THE APPLICANT: MR. VIVEK GOEL
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE
PROPERTY
|
Address of the property with survey No./
Door No. etc. |
-- |
591/345, ‘Goel’,
Rathindra Nagar, Telibagh, |
|
|
|
|
|
Description: Land/ Site/ Building |
-- |
Agricultural |
|
|
|
|
|
Whether Freehold/ Leasehold |
-- |
-- |
|
|
|
|
|
Type of Property |
-- |
Residential –
Shop No.2 and 17 |
|
|
|
|
|
Area/ Extent of Land |
-- |
5300 sq. ft. |
|
|
|
|
|
Mortgaged for availing loan if any, details there of |
-- |
NA |
|
|
|
|
|
Present Market/
Assessed value |
-- |
Rs.5.500 Millions |
INVESTMENT
IN BUSINESS CAPITAL
|
Name of the Company/ firm/ concern in Which
Investment is made |
Goel Electronics
|
-- |
|
|
|
|
|
Date of Investment |
-- |
-- |
|
|
|
|
|
Present Value of
Investment |
Rs.0.651 Millions |
-- |
DEPOSIT
HELD WITH BANKS/ COMPANIES/ OTHER LENDER ETC.
|
Name of the Bank/ company where deposits are
held |
Corporation Bank
|
-- |
|
|
|
|
|
Date of Deposits |
FDR |
-- |
|
|
|
|
|
Nature of Deposits |
R Deposit |
-- |
|
|
|
|
|
Present Value of
Deposits |
Rs.0.060 Million |
-- |
SHARES/
DEBENTURE/ MUTUAL FUNDS/ UNITS ETC.
|
Description |
Mutual Funds |
Mutual Funds |
|
|
|
|
|
Present Value |
0.018 |
8.636 |
LIFE
INSURANCE POLICY
|
Type of Policy |
Money Back
Endowment |
-- |
|
|
|
|
|
Annual Premium |
0.041 |
-- |
|
|
|
|
|
Sum Assured |
2.200 |
-- |
|
|
|
|
|
Surrender Value |
0.300 |
-- |
VEHICLES
OWNED
|
Model/ Make |
Honda CD Deluxe –
02 |
-- |
|
|
|
|
|
Date of Purchases |
01, Oct. 2007 02, Nov. 2010 |
-- |
|
|
|
|
|
Whether Hypothecation for Loan |
1. Purchases
Nov. 2010 |
-- |
|
|
|
|
|
Details of Loan Against Vehicles |
Fnanced From
Andhra Bank |
-- |
|
|
|
|
|
Present Market
Value |
0.024 |
-- |
OTHER
ASSETS
|
Furniture and Fixtures |
0.031 |
-- |
|
|
|
|
|
Cash in hand |
0.016 |
0.010 |
|
|
|
|
|
Jewellery |
0.450 |
0.250 |
|
|
|
|
|
Plant and Machinery |
0.023 |
-- |
|
|
|
|
|
Other Assets if any |
2.465 |
-- |
|
|
|
|
|
Total Value of
Assets |
2.985 |
0.260 |
|
TOTAL ASSETS |
RS.4.038 MILLIONS |
RS.14.396 MILLIONS |
LIABILITIES
FURNISH LOANS
AVAILED FROM BANKS/ FINANCIAL INSTITUTIONS AN OTHER BORROWINGS
|
Name of the Banks/ Institution |
Corporation Bank
|
-- |
|
|
|
|
|
Nature / Type of Loan |
CVPOD 10000 |
-- |
|
|
|
|
|
Date of Loans |
28.08.2010 |
-- |
|
|
|
|
|
Amount of Loan Availed |
1.400 |
-- |
|
|
|
|
|
Amount of
Outstanding (Total Liabilities)
|
1.337 |
-- |
|
NET WORTH |
RS.2.701 MILLIONS |
RS.14.396 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
· Shakti Traders
Address: Naka
Contact Person – Mr. Sarvesh
Mobile No.: 91-9598255555
·
Ess
Address: Singar Nagar, Alambagh,
Mobile No.: 91-939263255
· Sai Distribution
Address: Ganga Sagar Apartments, Merabai Marg,
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS:
· Air Conditioner
· Computers
· Furniture and Fixtures
· Generator
· Motor Cycles
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 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.45.38 |
|
|
1 |
Rs.73.08 |
|
Euro |
1 |
Rs.61.60 |
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.