BUSINESS INFORMATION REPORT
1. Summary Information
|
|
|
Country |
|
|
Company Name |
DYNAMIC ORBITS ADVISORY PRIVATE LIMITED |
Principal Name 1 |
MR. B.L. BAJAJ |
|
Status |
MODERATE |
Principal Name 2 |
MR. NITESH MANGILAL PORWAL |
|
|
|
Registration # |
11-101720 |
|
Street Address |
1002, 10TH
FLOOR, B-WING, ASTER TOWER, VASANT VALLEY – II, OFF GENERAL A.K. VAIDYA MARG,
MALAD (EAST), MUMBAI – 400 097, MAHARASHTRA |
||
|
Established Date |
08.08.1996 |
SIC Code |
-- |
|
Telephone# |
91-22-66715431/35 |
Business Style 1 |
TRADING |
|
Fax # |
91-22-66715434 |
Business Style 2 |
PROVISIONING |
|
Homepage |
Product Name 1 |
CHEMICALS |
|
|
# of employees |
36
(APPROXIMATELY) |
Product Name 2 |
CONSULTANCY SERVICES |
|
Paid up capital |
Rs.9,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
BODIES CORPORATE-4.40% DIRECTORS OR RELATIVES OF DIRECTORS-95.60% |
Banking |
BANK
OF |
|
Public Limited Corp. |
NO |
Business Period |
15 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
B (33) |
|
Related
Company |
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|
Relation
|
Country
|
Company
Name |
-- |
|
-- |
-- |
-- |
-- |
|
Note |
--
|
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2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
27,412,000
|
Current Liabilities |
8,178,000
|
|
Inventories |
5,887,000
|
Long-term Liabilities |
11,519,000 |
|
Fixed Assets |
3,880,000 |
Other Liabilities |
759,000
|
|
Deferred Assets |
166,000 |
Total Liabilities |
20,456,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
7,889,000 |
|
|
|
Net Worth |
16,889,000 |
|
Total Assets |
37,345,000 |
Total Liab. & Equity |
37,345,000 |
|
Total Assets (Previous Year) |
33,696,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
64,485,000 |
Net Profit |
1,475,000 |
|
Sales(Previous yr) |
70,474,000 |
Net Profit(Prev.yr) |
32,000 |
MIRA
INFORM REPORT
|
Report Date : |
04.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
DYNAMIC ORBITS
ADVISORY PRIVATE LIMITED (w.e.f. 24.06.2004) |
|
|
|
|
Formerly Known
As : |
BRAJESHWAR
INVESTRADE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1002, 10th
Floor, B-Wing, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
08.08.1996 |
|
|
|
|
Com. Reg. No.: |
11-101720 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U67120MH1996PTC101720 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMD11401F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB4731G |
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|
|
|
Legal Form : |
Private Limited
Liability Company |
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|
|
|
Line of Business
: |
Subject is engaged in trading of chemicals and provisioning of
consultancy services. |
|
|
|
|
No. of Employees
: |
36 (Approximately)
|
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 68000 |
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|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track. Financial position
of the company is improving. Trade relations are reported as fair. Business
is active. Payments are reported to be slow but correct. The company can be considered for small to mediocre business dealings
at usual 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.
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 |
LOCATIONS
|
Registered Office: |
1002, 10th
Floor, B-Wing, |
|
Tel No.: |
91-22-66715431/35 |
|
Fax No. ; |
91-22-66715434 |
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E-Mail : |
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Website : |
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Head Office: |
1G, First Floor, |
|
Tel. No.: |
91-11-43558000 to 8030/4355 7711 |
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Fax No.: |
91-11-43558024/ 4355 7718 / 41520524 |
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E-Mail : |
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|
Area : |
2500 Sq. Feet |
|
Location : |
Rented |
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|
|
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Corporate Office : |
3rd Floor, |
|
Tel. No.: |
91-22-66377000 |
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Fax No. : |
91-22-66377017 |
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E Mail : |
|
|
|
|
|
Branch Office : |
912, Ansal Bhawan, Kasturba Gandhi Marg, |
|
Tel. No.: |
91-11-51520777 |
|
Fax No.: |
91-11-51520780 |
DIRECTORS
As on 28.09.2010
|
Name : |
Mr. B.L. Bajaj |
|
Designation : |
Managing Director |
|
Address : |
B – 307, Yojana
Vihar, |
|
Date of Birth/Age : |
15.09.1965 |
|
Qualification : |
FCA, FCS |
|
Date of Appointment : |
19.07.2004 |
|
DIN No.: |
00041909 |
|
|
|
|
Name : |
Mr. Nitesh Mangilal Porwal |
|
Designation : |
Director |
|
Address : |
C/o Sudhir M. Jain, Parsi Chawl, Madhav Bhuvan, Opposite Western Railway,
Workshop, Lower Parel, Mumbai – 400 013, Maharashtra, India |
|
Date of Birth/Age : |
08.12.1978 |
|
Date of Appointment : |
02.07.2009 |
|
DIN No.: |
02292709 |
|
|
|
|
Name : |
Mr. Anand Rathi |
|
Designation : |
Director |
|
Address : |
Kalp Taru
Horizon, 274 A, 27th Floor, S.K. Ahire Marg, Near Doodarshan
Kendra, Worli, Mumbai – 400 025, |
|
Date of Birth/Age : |
25.06.1946 |
|
Qualification
: |
FCA |
|
Date of Appointment : |
26.10.2005 |
|
DIN No.: |
00112853 |
|
|
|
|
Name : |
Mrs. Pushpalata Anand Rathi |
|
Designation : |
Director |
|
Address : |
Kalp Taru
Horizon, 274 A, 27th Floor, S.K. Ahire Marg, Near Doodarshan
Kendra, Worli, Mumbai – 400 025, |
|
Date of Birth/ Age : |
01.01.1951 |
|
Date of Appointment : |
02.07.2009 |
|
Date of Ceasing : |
26.03.2010 |
|
DIN No.: |
00030610 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2010
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
B L Bajaj |
|
60000 |
|
Amit Capital and Securities Private Limited, |
|
8802 |
|
Anand Rathi |
|
131198 |
|
Total
|
|
200000 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Amit Rathi |
|
350000 |
|
Anand Rathi, Karta of Anand Rathi HUF
|
|
350000 |
|
Total
|
|
700000 |
As on 28.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
4.40 |
|
Directors
or relatives of directors |
|
95.60 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in trading of chemicals and provisioning of
consultancy services. |
|
|
|
|
Products/ Services : |
Trading of Chemicals,
Advisory Services and Commission Income |
GENERAL INFORMATION
|
No. of Employees : |
36
(Approximately) |
||||||||||||||||||
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|
||||||||||||||||||
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Bankers : |
v Canara Bank v
Bank of v HDFC Bank Limited |
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Facilities : |
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Banking Relations
: |
-- |
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|
|
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Auditors : |
|
|
Name : |
Lochan and
Company Chartered
Accountants |
|
Address : |
F–209/4, |
|
Tel. No.: |
91-11-43036699/ 22374230 |
|
Mobile No.: |
91-9910952969 |
|
E-Mail : |
rkhater209@yahoo.com |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
300000 |
Equity Shares |
Rs.10/- each |
Rs.3.000 Millions |
|
700000 |
Preference Shares |
Rs.10/- each |
Rs.7.000 Millions |
|
|
Total |
|
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 Millions |
|
700000 |
Preference Shares |
Rs.10/- each |
Rs.7.000 Millions |
|
|
Total |
|
Rs.9.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
9.000 |
9.000 |
9.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
7.889 |
6.413 |
6.381 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
16.889 |
15.413 |
15.381 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.979 |
1.225 |
0.356 |
|
|
2] Unsecured Loans |
10.540 |
10.000 |
10.000 |
|
|
TOTAL BORROWING |
11.519 |
11.225 |
10.356 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
28.408 |
26.638 |
25.737 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.880 |
4.760 |
4.301 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.166 |
0.067 |
0.004 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
5.887
|
12.366 |
3.739
|
|
|
Sundry Debtors |
16.697
|
11.110 |
10.795
|
|
|
Cash & Bank Balances |
1.783
|
0.518 |
5.190
|
|
|
Other Current Assets |
4.782
|
1.726 |
1.798
|
|
|
Loans & Advances |
4.150
|
3.149 |
4.017
|
|
Total
Current Assets |
33.299
|
28.869 |
25.539 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
5.153
|
1.911 |
0.169 |
|
|
Other Current Liabilities |
3.025
|
4.772 |
1.248
|
|
|
Provisions |
0.759
|
0.375 |
2.790
|
|
Total
Current Liabilities |
8.937
|
7.058 |
4.107
|
|
|
Net Current Assets |
24.362
|
21.811 |
21.432
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
28.408 |
26.638 |
25.737 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales & Income form Operations |
64.485 |
70.474 |
68.269 |
|
|
|
Other Income |
NA |
0.286 |
0.098 |
|
|
|
TOTAL (A) |
NA |
70.760 |
68.367 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
NA |
37.978 |
26.069 |
|
|
|
Direct Expenses |
|
6.863 |
5.510 |
|
|
|
Payment & Provision for Employees |
|
16.685 |
13.147 |
|
|
|
Administrative & Selling Expenses |
|
15.155 |
15.922 |
|
|
|
Increase/ Decrease in Stock |
|
(8.627) |
(1.691) |
|
|
|
TOTAL (B) |
NA |
68.054 |
58.957 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
2.706 |
9.410 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
1.495 |
1.101 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
1.211 |
8.309 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
1.012 |
0.991 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2.135 |
0.199 |
7.318 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.660 |
0.167 |
2.617 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1.475 |
0.032 |
4.702 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
6.381 |
1.679 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
6.413 |
6.381 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods |
0.000 |
1.654 |
4.836 |
|
|
|
Advisory and Commission Income |
14.961 |
15.452 |
12.529 |
|
|
TOTAL EARNINGS |
14.961 |
17.106 |
17.365 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Import on CIF Basis |
18.550 |
35.197 |
23.699 |
|
|
TOTAL IMPORTS |
18.550 |
35.197 |
23.699 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.38 |
0.04 |
23.51 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
NA
|
0.05 |
6.88
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.31
|
0.28 |
10.72
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.74
|
0.59 |
24.52
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.01 |
0.48
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.21
|
1.19 |
0.94
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.73
|
4.09 |
6.22
|
LOCAL AGENCY FURTHER INFORMATION
Note:
The registered office of the company has been shifted from 4th
Floor, Silver Metropolis, Jai Coach Compound, Opposite Bimbisar Nagar, Goregoan
(East), Mumbai – 400 063, Maharashtra to the present address w.e.f.
20.12.2010.
NATURE OF
OPERATIONS:
Subject, incorporated on 08th August 1996, is engaged in
trading of chemicals and provisioning of consultancy services.
REVIEW OF
OPERATIONS:
In the current year the company’s operations slowed down as a result of
global shutdown. However recovery was visible in the second half. The company
undertook several cost cutting measures to overcome the difficult situations.
Current year operations look promising.
FORM 8:
|
Corporate
identity number of the company |
U67120MH1996PTC101720 |
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|
Name of the
company |
DYNAMIC ORBITS
ADVISORY PRIVATE LIMITED |
||||||||||||
|
Address of the registered
office or of the principal place of
business in |
1002, 10th
Floor, B-Wing, E-Mail: swadeshagrawal@rathi.com |
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|
This form is for |
Modification of
charge |
||||||||||||
|
Charge
identification number of the modified |
10010426 |
||||||||||||
|
Type of charge |
Book Debts Movable Property |
||||||||||||
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Particular of
charge holder |
Bank of |
||||||||||||
|
Nature of
description of the instrument creating or modifying the charge |
(1) Supplemental
deed of hypothecation for cash credit against stock and book debts limit of
Rs.25.000 millions, (2) Supplemental
deed of hypothecation for letter of credit (foreign) DP / DA 90 days’ buyer's
credit limit of Rs.35.000 millions. |
||||||||||||
|
Date of
instrument Creating the charge |
28.05.2011 |
||||||||||||
|
Amount secured by
the charge |
Rs.60.000
millions |
||||||||||||
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Cash credit
against stock and book debts facility: interest @ 3.50% over base rate i.e.
13.50% P.a. Letter of credit
(foreign) (DP/DA 90 days) buyer's credit facility as per existing guidelines. Terms of
Repayment: On demand Margin: As per sanction terms. Extent and
Operation of the charge: to secure an
aggregate amount of Rs.60.000 millions granted by the bank to the company as
under :-
|
||||||||||||
|
Short particulars
of the property charged |
The borrower
hypothecates by way of first charge in
favour of the bank :- (1) All tangible movable
machinery and plant, both present and future whether installed or not and
whether lying loose or in cases at site or in transit. (2) All tangible
movable property and assets particularly imports of sea frozen foods,
chemicals, etc. both present and future and all stocks of raw materials,
finished and semi finished goods, spare parts, components (including spare
parts and stores relating to plant and machinery both present and future) and
stocks in process of the borrower situate at Purna Village, Godown No.3,
Bhiwandi Thane or wheresoever situate or in transit. (3) All the
present and future book debts, outstandings, money receivables, claims, bills
which are now due and owing or which may at any time hereafter during the
continuance of this security become due and owing to the borrower in the
course of its business by any person, firm, company or body corporate or by
the central government or any state government or any government department
or office or any municipal or local or public or semi governmental body or
authority or any body corporate or undertaking or project whatsoever. |
||||||||||||
|
Date of latest
modification prior to the present modification |
09.12.2009 |
||||||||||||
|
Particulars of
the present modification |
The total fund based
and non fund based limit has enhanced from Rs.35.000 millions to Rs.60.000
millions as under:-
|
FIXED ASSETS:
v Office Equipment
v Furniture and Fixture
v Motor Car
v 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.44.58 |
|
|
1 |
Rs.71.75 |
|
Euro |
1 |
Rs.64.80 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
33 |
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.