MIRA
INFORM REPORT
|
Report Date : |
24.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
PANDIAN AQUA PRODUCTS |
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Registered
Office : |
4/121, A1, Konur Post, Namakkal District – 637 207, Tamilnadu |
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Country : |
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Date of
Incorporation : |
26.05.2011 |
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Com. Reg. No.: |
330091104384E |
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Capital
Investment / Paid-up Capital : |
Rs.1.703 millions |
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PAN No.: [Permanent Account No.] |
ANTPR8316C |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business
: |
Manufacturer, Trader, Dealer and Distributor of Mineral Water. |
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No. of Employees
: |
Approximately 7 (In office – 2, In factory – 5) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
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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Status : |
New Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new concern and yet to establish track. The valuation
report and networth statement provided seems to be satisfactory. No further
details or payment records could be made available. 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) |
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|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
|
Registered Office/ Factory : |
4/121, A1, Konur Post, Namakkal District – 637 207, |
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Tel. No.: |
91-4286-267627 |
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Mobile No.: |
91-9787167627 (Mr. R. Ashok) |
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E-Mail : |
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Area : |
7873 sq ft |
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Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. R. Ashok |
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Designation : |
Proprietor |
|
Address : |
4/121, A1, Konur Post, Namakkal District – 637 207, |
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Date of Birth/Age : |
16.01.1987 |
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Qualification : |
B.E. |
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Experience : |
6 Months |
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PAN No.: |
AURPA6710C |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader, Dealer and Distributor of Mineral Water. |
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Products : |
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Terms : |
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Selling : |
L/C |
PRODUCTION STATUS (AS ON JULY, 2011)
|
Particulars |
Installed
Capacity |
Actual
Production |
|
Mineral Water (Packaged Drinking Water) |
7200000 Litres |
7200000 Litres |
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GENERAL INFORMATION
|
Customers : |
Retailers |
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No. of Employees : |
Approximately 7 (In office – 2, In factory – 5) |
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Bankers : |
Corporation Bank, Keerambur, Namakkal District, |
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Facilities : |
Credit Limit – Rs.4.200 millions |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
S. Manoharan Chartered Accountants |
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Address : |
91-4268-222810 |
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Tel. No.: |
91-9443344810 |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs.1.703 millions |
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Borrowed : |
-- |
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Total : |
Rs.1.703 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW CONCERN
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
LOCAL AGENCY FURTHER INFORMATION
PROJECTED
BALANCESHEET
(Rs.
in millions)
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
LIABILITIES |
|
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|
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|
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|
R. Ashok Capital |
1.251 |
1.679 |
2.241 |
3.133 |
4.323 |
5.795 |
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SECURED LOAN: |
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|
|
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|
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Term Loan |
4.715 |
3.986 |
3.165 |
2.235 |
1.184 |
0.000 |
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SUNDRY CREDITORS: |
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|
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Trade Creditors |
0.418 |
0.326 |
0.135 |
0.175 |
0.115 |
0.150 |
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|
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|
Provisions |
0.050 |
0.095 |
0.105 |
0.110 |
0.120 |
0.120 |
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|
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TOTAL |
6.434 |
6.086 |
5.646 |
5.653 |
5.742 |
6.065 |
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ASSETS |
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Cash in Hand and at Bank |
0.011 |
0.018 |
0.027 |
0.010 |
0.055 |
0.087 |
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|
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Fixed Assets (WDV) |
5.337 |
4.658 |
4.069 |
3.833 |
3.347 |
3.478 |
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|
|
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Trade Debtors |
0.368 |
0.450 |
0.320 |
0.420 |
0.920 |
1.020 |
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Stock in Hand |
0.718 |
0.960 |
1.230 |
1.390 |
1.420 |
1.480 |
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|
|
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TOTAL |
6.434 |
6.086 |
5.646 |
5.653 |
5.742 |
6.065 |
-------------------------------------------------------------------------------------------------------------------------------------------------------
PROJECTED
TRADING, PROFIT AND LOSS A/C
(Rs.
in millions)
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
INCOME |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
By Sales |
2.749 |
7.630 |
8.462 |
9.785 |
11.200 |
12.000 |
|
|
|
|
|
|
|
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By Closing Stock |
0.718 |
0.960 |
1.230 |
1.390 |
1.420 |
1.480 |
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|
|
|
|
|
|
|
|
TOTAL |
3.467 |
8.590 |
9.692 |
11.175 |
12.620 |
13.480 |
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EXPENDITURE |
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To Opening Stock |
0.000 |
0.718 |
0.960 |
1.230 |
1.390 |
1.420 |
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|
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To Water and Packing Material |
2.532 |
4.860 |
5.305 |
6.075 |
6.892 |
7.310 |
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|
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|
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|
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To Labour Wages |
0.109 |
0.572 |
0.684 |
0.740 |
0.850 |
0.920 |
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|
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To E.B. Charges |
0.085 |
0.196 |
0.234 |
0.255 |
0.310 |
0.350 |
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To Salary and Bonus |
0.054 |
0.120 |
0.196 |
0.204 |
0.212 |
0.212 |
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|
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To Bank Charges |
0.007 |
0.008 |
0.012 |
0.014 |
0.015 |
0.017 |
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|
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To Bank Interest |
0.000 |
0.538 |
0.443 |
0.337 |
0.216 |
0.080 |
|
|
|
|
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To Sales Discount |
0.007 |
0.012 |
0.046 |
0.078 |
0.085 |
0.094 |
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|
|
|
|
|
|
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|
To Traveling Expenses |
0.016 |
0.038 |
0.045 |
0.052 |
0.058 |
0.062 |
|
|
|
|
|
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|
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To Rates and Taxes |
0.012 |
0.096 |
0.140 |
0.175 |
0.180 |
0.200 |
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To Office Expenses |
0.004 |
0.018 |
0.026 |
0.028 |
0.029 |
0.031 |
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To Printing and Stationery |
0.008 |
0.049 |
0.060 |
0.072 |
0.074 |
0.078 |
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|
To Postage and Telegram Expenses |
0.003 |
0.008 |
0.010 |
0.012 |
0.013 |
0.015 |
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|
|
|
|
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To Repairs and Maintenance |
0.016 |
0.250 |
0.380 |
0.450 |
0.620 |
0.700 |
|
|
|
|
|
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|
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To Depreciation |
0.363 |
0.679 |
0.589 |
0.560 |
0.486 |
0.520 |
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|
|
|
|
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|
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To Net profit |
0.251 |
0.428 |
0.562 |
0.893 |
1.190 |
1.471 |
-------------------------------------------------------------------------------------------------------------------------------------------------------
CREDIT
FACILITIES (PROPOSED):
|
Types of Facilities |
Amount (Rs. in millions) |
Purpose for which required |
Security Offered |
|
Primary Security |
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|
Term Loan |
4.200 |
Mineral Water |
Machineries
purchased |
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-------------------------------------------------------------------------------------------------------------------------------------------------------
PROJECT
REPORT FOR A WATER PLANT
|
Particulars |
Amount (Rs. in millions) |
|
COST OF THE
PROJECT: |
|
|
|
|
|
Machinery and
Fittings |
3.138 |
|
Building |
2.443 |
|
Borewell and
Fittings |
0.119 |
|
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Total |
5.700 |
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MEANS OF FINANCE
|
|
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Own Capital |
1.500 |
|
Bank Loan |
4.200 |
|
|
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Total |
5.700 |
|
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|
Repayment Period
: 60 Monthly Installments |
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|
Rate of Interest
: 12.25% p.a. |
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-------------------------------------------------------------------------------------------------------------------------------------------------------
|
PARTICULARS |
Amount (In Rs.) |
Amount (In Rs.) |
Amount (Rs. in millions) |
Amount (Rs. in millions) |
|
INCOME |
|
|
|
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|
1. Sales |
|
|
|
|
|
-- Per Litre (Approximately) |
1.00 |
|
|
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-- Per Day 8 Hours (24000 Litres) |
|
24000.00 |
|
|
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-- For a Month of 26 Days |
|
|
0.624 |
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-- For an Year of 12 Months |
|
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|
7.488 |
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EXPENDITURE |
|
|
|
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|
1. Raw Materials |
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Water and
Packing Material |
|
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Cost Per Litre |
0.25 |
|
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-- Per Day 8 Hours (34000 Litres) |
|
8500.00 |
|
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|
-- For a Month of 26 Days |
|
|
0.221 |
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-- For an Year of 12 Months |
|
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|
2.652 |
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Cleaning
Material |
|
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|
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Cost Per Litre |
0.08 |
|
|
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-- Per Day 8 Hours (24000 Litres) |
|
1920.00 |
|
|
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-- For a Month of 26 Days |
|
|
0.050 |
|
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-- For an Year of 12 Months |
|
|
|
0.599 |
|
|
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2. Cleaning and
Labour Charges |
|
|
|
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|
-- Per Person |
150.00 |
|
|
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|
-- 7 Persons Per Day |
|
1050.00 |
|
|
|
-- For a Month of 26 Days |
|
|
0.027 |
|
|
-- For an Year of 12 Months |
|
|
|
0.328 |
|
|
|
|
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3. Delivery and
Loading Charges |
|
|
|
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|
-- Per Litre |
0.07 |
|
|
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-- Per Day |
|
1680.00 |
|
|
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-- For a Month of 26 Days |
|
|
0.044 |
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-- For an Year of 12 Months |
|
|
|
0.524 |
|
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|
|
|
|
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4. Staff Salary |
|
|
|
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-- Per Month |
|
|
0.015 |
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-- For an Year of 12 Months |
|
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|
0.180 |
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5. Electricity |
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|
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-- Per Unit (Approximately) |
5.50 |
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-- Per Day (70 Units) |
|
385.00 |
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|
-- For a Month of 26 Days |
|
|
0.010 |
|
|
-- For an Year of 12 Months |
|
|
|
0.120 |
|
|
|
|
|
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6. Telephone and
Traveling Expenses |
|
|
|
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-- Per Month |
|
|
0.006 |
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|
-- For an Year of 12 Months |
|
|
|
0.069 |
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|
|
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|
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7. Machinery
Maintenance Expenses |
|
|
|
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|
-- Per Month |
|
|
0.014 |
|
|
-- For an Year of 12 Months |
|
|
|
0.168 |
|
|
|
|
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|
|
8. Miscellaneous
and Contingencies |
|
4000.00 |
|
|
|
-- For a Month of 25 Days |
|
|
0.100 |
|
|
-- For an Year of 12 Months |
|
|
|
1.200 |
-------------------------------------------------------------------------------------------------------------------------------------------------------
STATEMENT
OF DEPRECIATION
|
Particulars |
Amount (Rs. in millions) |
|
Cost of Equipments |
3.138 |
|
LESS: |
|
|
Scrap Value after 5 year |
1.565 |
|
|
|
|
Depreciable Value |
1.573 |
|
|
|
|
First Year |
0.315 |
|
Second Year |
0.315 |
|
Third Year |
0.315 |
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|
0.315 |
|
Fifth Year |
0.315 |
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PROFITABILITY
AND CASH FLOW STATEMENT
(Rs.
in millions)
|
YEAR |
I |
II |
III |
IV |
V |
|
ESTIMATED INCOME (A) |
7.488 |
7.862 |
8.256 |
8.668 |
9.102 |
|
|
|
|
|
|
|
|
ESTIMATED EXPENDITURE |
|
|
|
|
|
|
-- Raw Material |
3.251 |
3.414 |
3.584 |
3.763 |
3.952 |
|
-- Cleaning and Labour Charges |
0.328 |
0.344 |
0.361 |
0.379 |
0.398 |
|
-- Delivery and Loading Charges |
0.524 |
0.550 |
0.578 |
0.607 |
0.637 |
|
-- Supervisor Salary |
0.180 |
0.189 |
0.198 |
0.208 |
0.219 |
|
-- E.B. Charges |
0.120 |
0.126 |
0.133 |
0.139 |
0.146 |
|
-- Telephone and Traveling Expenses |
0.069 |
0.072 |
0.076 |
0.080 |
0.084 |
|
-- Machinery Maintenance |
0.168 |
0.176 |
0.185 |
0.195 |
0.204 |
|
-- Miscellaneous and Contingencies |
1.200 |
1.260 |
1.323 |
1.389 |
1.458 |
|
-- Interest on Loan |
0.537 |
0.443 |
0.337 |
0.216 |
0.080 |
|
|
|
|
|
|
|
|
NON CASH EXPENDITURE |
|
|
|
|
|
|
-- Depreciation |
0.315 |
0.315 |
0.315 |
0.315 |
0.315 |
|
|
|
|
|
|
|
|
TOTAL – (B) |
6.692 |
6.889 |
7.090 |
7.291 |
7.493 |
|
|
|
|
|
|
|
|
NET INCOME (C = A-B) |
0.796 |
0.973 |
1.166 |
1.377 |
1.609 |
|
INCOME TAX (D) |
0.093 |
0.146 |
0.204 |
0.267 |
0.337 |
|
INCOME AFTER TAX (C-D) |
0.703 |
0.827 |
0.962 |
1.110 |
1.272 |
|
|
|
|
|
|
|
|
-- Non Cash Expenses – Depreciation |
0.315 |
0.315 |
0.315 |
0.315 |
0.315 |
|
-- Interest on Loan |
0.538 |
0.443 |
0.336 |
0.216 |
0.080 |
|
-- Repayment of Loan |
0.728 |
0.823 |
0.930 |
1.050 |
1.184 |
|
|
|
|
|
|
|
|
DEBT SERVICE COVERAGE |
1.80 |
1.90 |
2.01 |
2.13 |
2.26 |
|
|
|
|
|
|
|
|
AVERAGE DSCR |
2.02 |
-- |
-- |
-- |
-- |
Notes:
1. The Annual increase in both Income and Expenditure is assumed to be
at the rate of 5%.
2. The Income Tax Rate is assumed to be constant for the forth-coming
five years.
3. Depreciation is computed on the basis of straight line method
4. It is assumed that there is 12 months holiday period for loan
repayment is available and the Repayment schedule commences on the Thirteenth
month from the sanctioning date.
5. There is no Income Tax Income up to Rs.0.160 million.
-------------------------------------------------------------------------------------------------------------------------------------------------------
REPAYMENT
SCHEDULE
(Rs.
in millions)
|
Cost of Project |
5.700 |
|
|
|
|
Rate of Interest |
12.25% |
|
-- Own Funds |
1.500 |
|
-- Loan Funds |
4.200 |
|
Repayment Period in Months |
60 |
|
Monthly Installment |
0.106 |
|
Annual Repayment |
1.266 |
-------------------------------------------------------------------------------------------------------------------------------------------------------
BRIEF
VALUATION REPORT ON IMMOVABLE PROPERTIES
|
I. GENERAL
INFORMATION |
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1. Name of the party/purchaser and Address (with Door. No. and Survey
No.) |
Mr. G. RADHAKRISHNAN, S/o. S. Govindasamy Gajendra Nagar, |
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2. Name/s of the reported owner/ Name/s of persons in whose name/s the
property registered and address |
Mr. G. RADHAKRISHNAN, S/o. S. Govindasamy Gajendra Nagar, |
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3. Purpose of Valuation |
Security Purpose |
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4. List of Documents produced for perusal |
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|
i. Legal opinion given by Mr. K. Subramaniam, B.Sc., B.L., Advocate
and Notary, Namakkal, Dated: 11.02.2011. |
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ii. The Building Plan Approved by The President, Konur Panchayat, Dated
: 09.03.2011 |
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5. Date of Inspection |
09.03.2011 |
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6. Date of Valuation |
10.03.2011 |
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7. Approximate distance from the Branch to the property |
4.00 KM |
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|
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8. Situation/location/brief description of the land/site and brief
description of the building |
In S.F. No. 166/1A2, Door No: 4/121-A2, |
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9. Boundaries of the property |
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North |
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South |
|
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East |
Ramani and |
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West |
Road |
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10. Property Tax details |
Not available. Please collect fresh list of Tax receipts from the
owner. |
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11. Assuming the entire property is let out, the probable monthly rent
and advance building rent |
Not applicable |
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|
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12. Whether the building plan has been approved? |
Yes |
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|
v
If Yes, Date of approval, approving authority,
and whether the building has been constructed as per the approved plan. |
Yes. The plan approved by the President, Konur Panchayat. |
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|
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v
If No, the reason for non-approval |
---- |
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13. General Remarks |
This property is located in a well developed Commercial area of |
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II. VALUATION
DETAILS |
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A. LAND |
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1. The Total Area (Extent) of the site/land |
2.35 Acres |
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2. Description of the site/land |
|
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a. Character of locality |
Residential / Commercial |
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b. Classification |
Middle Class |
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c. Development of surrounding areas |
Developed Commercial Area |
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d. Is the locality subjected to frequent flooding |
No |
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e. Feasibility to the civic amenities like School, Hospital, Offices,
Markets etc., |
Nearby |
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f. Shape of the Land |
Rectangular |
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g. Type of use to which it can be put |
Commercial |
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h. Any other restriction of usage |
No |
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i. Nature of right, whether leasehold Freehold |
Freehold |
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j. Road facility |
Available (NH -7) |
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k. Is it a corner plot |
Yes |
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l. Water supply /potentiality |
Available (Ground Level Water Tank) |
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m. Underground sewerage system |
---- |
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n. Any other sentimental/social issue Which may affect the value |
No |
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3. General Remarks |
---- |
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|
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4. Prevailing Unit market rate |
Rs.25,00,000/- Acres |
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|
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5. Guideline value of the property |
Rs.3,00,000/- Acres |
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|
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6. Unit rate adopted in this valuation |
Rs.22,00,000/- Acres |
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|
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7. Valuation of the site /Land |
Rs.5.170 millions |
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B. BUILDING |
|
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1. Type of construction |
Load Bearing Structure |
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2. Quality of construction |
I-Class |
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3. Appearance of the Building |
Good |
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4. Number of Floors |
G.F Only |
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5. Maintenance of the Building |
Good |
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6. Description of the Building |
|
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a. Foundation |
RR Masonry |
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b. Superstructure |
Brick work in cm 1:5 |
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c. Roof |
RCC Roof and AC. Sheet and M. Tiled Roof |
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d. Doors |
Coundry wood |
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e. Windows |
Coundry wood |
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f. Sanitary fittings |
Septic Tank — 1 No |
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g. Flooring |
Tiles and Cement Flooring |
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h. Electricity supply |
Three phase — 3Nos (378, 202, 305) Single phase — 9 Nos. (234, 312, 245, 311, 422, 423, 263, 264, 310) |
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7. Total Plinth area |
|
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|
- |
1419.00 Sq. ft |
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|
- |
1729.00 Sq. ft |
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|
- M. Tiled Building |
4725.00 Sq. ft |
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8. Year of construction |
|
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|
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|
9. Total life of the building estimated Depreciation |
|
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|
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|
10. General Remarks |
---- |
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|
|
|
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|
11. Replacement rate of construction with the existing conditions and
specification/Sq ft |
---- |
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|
|
|
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12. Replacement value |
Rs.2.993 millions |
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|
|
|
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|
13. Depreciation Value at the rate of |
Rs.0.485 million (-) |
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|
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|
14. Present Value of the Building |
Rs.2.508 millions |
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|
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|
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|
C. TOTAL
VALUATION |
|
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|
|
|
|||||||||||||||||||||||||||||||||||
|
1. Valuation of the land |
Rs.5.170 millions |
|||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||
|
2. Valuation of the Building |
Rs.2.508 millions |
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|
|
|
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|
3. Extra cost for E.B Service, Fencing wall Septic tank, G.F Water
Tank, Toilet Block) |
Rs.0.350 million |
|||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||
|
TOTAL |
Rs.8.028
millions |
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-------------------------------------------------------------------------------------------------------------------------------------------------------
ABSTRACT
ESTIMATE
|
S. No. |
Description |
Estimate Value (Rs. in millions) |
|
1. |
3,891.00 Sq.ft x Rs.500/- Sq.ft |
1.946 |
|
|
|
|
|
2. |
POWER HOUSE AND
DINNING HALL G.I. Sheet Roof 3 16.25 Sq.ft x Rs.400/- Sq.ft |
0.126 |
|
|
|
|
|
3. |
STORE ROOM IN GF
, OHT IN FF -RCC Roof 201.25 Sq.ft x Rs.700/- Sq.ft 30,000 Litres x Rs.6/- Litres |
0.321 |
|
|
|
|
|
4. |
TOILET BLOCK -
G.I. Sheet Roof 72.00 Sq.ft x Rs.250/- Sq.ft |
0.018 |
|
|
|
|
|
5. |
Main Bldg
All-round Fencing 400.00 R.ft x Rs.80/- R.ft |
0.032 |
|
|
|
|
|
|
TOTAL
|
2.443 |
-------------------------------------------------------------------------------------------------------------------------------------------------------
STATEMENT SHOWING
ASSETS AND LIABILITIES (NET WORTH STATEMENTS)
NAME OF
THE APPLICANT: MR. G. RADHAKRISHNAN
|
Immovable Properties |
Applicant |
|
|
|
|
Address of the Property with Survey No./ Door No. etc |
SF 166/1A2 |
|
|
|
|
Description: Land/ Site/ Building |
Buildings |
|
|
|
|
Whether Free hold/ Lease hold |
Free |
|
|
|
|
Type of property: Commercial/ Residential/ Agricultural |
Residential |
|
|
|
|
Area/ Extent of land |
2400 sq ft |
|
|
|
|
Present market/ Assessed
value |
Rs.6.000
millions |
|
Life Insurance
Policies |
|
|
|
|
|
Surrender Value |
Rs.0.100 million
|
|
Vehicles owned |
|
|
|
|
|
Present market
value |
Rs.0.750 million
|
|
Other Assets |
|
|
|
|
|
Jewellery |
Rs.0.150 million |
|
|
|
|
Total value of
Other Assets |
Rs.0.150 million
|
LIABILITIES:
|
|
Applicant |
|
|
|
|
Amount
outstanding |
Rs.0.250 million
|
-------------------------------------------------------------------------------------------------------------------------------------------------------
NAME OF
THE CO-APPLICANT: MR. R. ASHOK
|
Immovable Properties |
Co-Applicant |
|
|
|
|
Present market/
Assessed value |
NIL |
|
Life Insurance
Policies |
|
|
Policy Number/s |
ING Vysya |
|
|
|
|
Date of Policy |
2010 |
|
|
|
|
Type of Policy: Endowment/ whole life etc. |
2116953 |
|
|
|
|
Annual Premium |
Rs.0.099 million |
|
|
|
|
Surrender Value |
Rs.1.000 million
|
|
Vehicles owned |
|
|
Model/ Make |
Honda Shine Bike TATA Ace Auto |
|
|
|
|
Present market
value |
Rs.0.450 million
|
|
Other Assets |
|
|
Jewellery |
Rs.0.150 million |
|
|
|
|
Total value of
Other Assets |
Rs.0.150 million |
|
Total Assets |
Rs.1.600
millions |
LIABILITIES:
|
|
Co-Applicant |
|
|
|
|
Amount
outstanding |
NIL |
|
Total
Liabilities |
NIL |
|
Net Worth
(Assets – Liabilities) |
Rs.1.600 millions
|
-------------------------------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCES:
v
R. Ashok, Konur
Contact No.: 91-9787167627
-------------------------------------------------------------------------------------------------------------------------------------------------------
PROPOSED INVESTMENT IN
FIXED ASSETS
|
Item |
Owned/ Leased/
Rented |
Approximate
Value (Rs. in
millions) |
|
(i) Land |
Leased |
0.100 |
|
|
|
|
|
(ii) Building |
Owned |
2.000 |
|
|
|
|
|
(iii) Plant and Machinery Value |
-- |
1.500 |
|
|
|
|
|
(iv) Equipment |
-- |
-- |
|
|
|
|
|
(v) Foreign Equity, if any |
-- |
-- |
-------------------------------------------------------------------------------------------------------------------------------------------------------
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.44.93 |
|
|
1 |
Rs.72.09 |
|
Euro |
1 |
Rs.64.21 |
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.