Business
information report
1. Summary Information
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|
Country |
India |
|
Company Name |
AWISHKAR ASSOCIATES |
Principal Name 1 |
Mr. Pradip Shah |
|
Status |
Satisfactory |
Principal Name 2 |
-- |
|
|
|
Registration # |
-- |
|
Street Address |
26, 1st Main Road, P.
B. No. 2745, Sampangiram Nagar, Bangalore – 560 027, Karnataka |
||
|
Established Date |
1975 |
SIC Code |
-- |
|
Telephone# |
91-80-22237977 / 22226408 |
Business Style 1 |
Trader, Dealer, Distributor and Importer
of Construction Chemicals, Powder Coatings Raw Material, Epoxy Resins |
|
Fax # |
91-80-22221779 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
8 Approximately |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 15,000,000 |
Product Name 3 |
-- |
|
Shareholders |
-- |
Banking |
City Union Bank Limited |
|
Public Limited Corp. |
-- |
Business Period |
36 years |
|
IPO |
-- |
International Ins. |
-- |
|
Public |
-- |
Rating |
Ba (47) |
|
Related
Company |
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|
Relation - Associates/Subsidiaries |
Country
|
Company
Name |
Awishkar International |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
-- |
Current Liabilities |
-- |
|
Inventories |
-- |
Long-term Liabilities |
-- |
|
Fixed Assets |
-- |
Other Liabilities |
-- |
|
Deferred Assets |
-- |
Total Liabilities |
-- |
|
Invest& other Assets |
-- |
Retained Earnings |
-- |
|
|
|
Net Worth |
-- |
|
Total Assets |
-- |
Total Liab. & Equity |
-- |
|
Total Assets (Previous Year) |
-- |
|
|
|
P/L Statement as of |
31.03.2011 (Approximately) |
(Unit: Indian Rs.) |
|
|
Sales |
70,000,000 |
Net Profit |
-- |
|
Sales(Previous yr) |
65,000,000 |
Net Profit(Prev.yr) |
-- |
MIRA
INFORM REPORT
|
Report Date : |
25.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
AWISHKAR ASSOCIATES |
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|
|
|
Registered Office : |
26, 1st Main Road, P.
B. No. 2745, Sampangiram Nagar, Bangalore – 560 027, Karnataka |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Year of Establishment : |
1975 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs. 15.000 millions (Estimated) |
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|
|
|
Legal Form : |
Sole Proprietory Concern |
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|
|
|
Line of Business : |
Trader, Dealer, Distributor and Importer
of Construction Chemicals, Powder Coatings Raw Material, Epoxy Resins. |
|
|
|
|
No. of Employees : |
8 Approximately |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
||
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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|
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Maximum Credit Limit : |
USD 60000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established proprietory concern having satisfactory track. Trade relations are fair. Business is active. Payments are reported to be usually correct and as per commitments. The concern can be considered normal for 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 |
INFORMATION PARTED BY
|
Name : |
Ms. Swarna |
|
Designation : |
Senior Manager |
|
Date : |
22.06.2011 |
LOCATIONS
|
Registered Office / Warehouse: |
26, 1st Main Road, P.
B. No. 2745, Sampangiram Nagar, Bangalore – 560 027, Karnataka, India |
|
Tel. No.: |
91-80-22237977 / 22226408 |
|
Mobile No.: |
91-9845033715 (Mr. Pradip Shah) |
|
Fax No.: |
91-80-22221779 |
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E-Mail : |
|
|
Area : |
2000 sq. ft. (Approximately) |
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Pradip Shah |
|
Designation : |
Proprietor |
|
Address : |
Apt. No. A-2, Farville Apts.,
92/1, 3rd Cross Lavalle Road, |
|
Date of Birth/Age : |
03.10.1948 |
|
Qualification : |
BE Chemicals |
|
Experience : |
31 Years |
KEY EXECUTIVES
|
Name : |
Mr. Ashwin Bhagat |
|
Designation : |
General Manager |
|
Qualification : |
B. Tech (Chemical Engineer) from
|
|
Mobile No.: |
91-9342550942 |
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|
|
|
Name : |
Ms. Swarna |
|
Designation : |
Senior Manager |
BUSINESS DETAILS
|
Line of Business : |
Trader, Dealer, Distributor and
Importer of Construction Chemicals, Powder Coatings Raw Material, Epoxy
Resins. |
|
|
|
|
Products : |
·
Epoxy Resins and Hardeners ·
Copper Clad Laminated Sheets ·
Dry Film Photoresist ·
Dimer Acid and Vegetable Oil based Fatty Acids |
|
|
|
|
Agencies Held : |
·
Kokdo Chemical
Company Limited, Reference:
Mr. T. H. Kim, Export Manager Tel.
No.: 91-822-32821562 Fax:
91-822-32821588 Email:
trade@kukdo.com Products Handled: Amine Function
compounds epoxy resins and Hardeners ·
Kukdo Chemical
(Kunshan) Company Limited Reference
– Mr. Song Tel.
No.: 91-86-512-57460881 Fax.
No.: 91-86-512-57460886 ·
Samwoo Oil Chemical
Company Limited, Reference:
Ms. B.Y.Kim, Export Manager Tel:
91-822-27134200 Fax:
91-822-27045363 Email:
samoil@unitel.co.kr Products handled: Dimer Acid, monobasic acid and soy oil
fatty acid ·
Doosan Corporation
Electro – materials BG, And ·
Doosan Electronic
Materials Singapore Private Limited, Reference
– Mr. M. K. Appersamy Tel.
No.: 91-65-68626327 Fax.
No.: 91-65-68626329 ·
Kolon Industries
Inc., Reference
: Mr. J. Eun, Managr, DFR Business Team Tel.
No.: 91-822-36773902 Fax:
91-822-36773889 / 3696 Email:
eun@kolon.com Products
handled: Dry film Photoresist ·
Lona Industries
Limited, Mumbai Reference:
Mr. A.D. Gurjar, Sales Manager Tel.
No.: 91-22-24307441 Fax :
91-22-24363595 Products
Handled : Phthalocyanine pigments ·
Apex Dyestuff &
Intermediates, Ahmedabad Reference:
Mr. Shrenik Merchants/ Mr. Prashant Merchant, Partners Tel.
No.: 91-79-27541070 Fax:
91-79-25893858 Email:
apexpigments@yahoo.com
Products
Handled: All types of organic yellow and red pigments ·
Reference:
Mr. Ramesh C. Shah, Proprietor Tel.
No.: 91-79-25831254 Fax :
91-79-25831837 Products
Handled: Semi-transparent organic yellow pigment. ·
N. R. Industries,
Ahmedabad ·
Doosan Corporation
Electromarterials Reference:
Mr. Jun Lee, Asst. Manager, Overseas sales Team Tel.:
91-822-33981970 Fax:
91-822-33981979 Email:
junsuk@doosan.com Products
handled: All types of rigid and flexible copper clad laminates, Like
paper phenolic, glass epoxy from 0.1mm to 2.4mm thick, composite epoxy,
prepress for multiplayer etc.
Reference:
Dr. Manuel Hasan, Director Tel.
No.: 91-3902-55181191 Fax:
91-3902-55181580 Email:
info@sirpi.it Products
handled: All types of PCB Inks, like photo imageable, U.V.curing and thermal
curing solder mask, ETCH resist and legend inks. All types of graphic inks
for printing on synthetic substrate |
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|
|
Imports : |
|
|
Products
: |
·
Construction Chemicals ·
Epoxy Resins and Hardeners ·
Copper Clad Laminated Sheets ·
Dry Film Photoresist ·
Dimer Acid and Vegetable Oil based Fatty Acids ·
UW Polyamine ·
Dry Film Photoresist ·
Copperclad Laminates ·
Vinyl Resins ·
Polyamide Resin ·
Water Based
Emulsions ·
Screen Printing Inks |
|
Countries : |
·
·
·
·
Germany ·
U.K. ·
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Terms : |
|
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Selling : |
Cash, Credit (30-60 Days) |
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Purchasing : |
Cash, Credit (30-60 Days) |
GENERAL INFORMATION
|
Customers : |
·
OEM’s ·
Mr. C. S. Bhaskar,
Chief Manager PCB, ITI Limited, Doorvani Nagar, ·
Mr. N. M. Saied,
C.M.D., Fortran Cirkit Electronics Pvt. Ltd., Plot No. 44 and 53, Developed
Plot Estate for Electronics, Perungudi, Chennai – 600 096, Tamilnadu ·
Mr. Raja Ganguli,
Coates of India Limited ·
Mr. Anil Reddy, M.D.,
Universal Coatings |
|
|
|
|
No. of Employees : |
8 Approximately |
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|
|
|
Bankers : |
·
City Union Bank
Limited, Koramngala Branch, ·
IDBI Bank, |
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|
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Facilities : |
-- |
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|
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Banking
Relations : |
-- |
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|
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Auditors : |
|
|
Name : |
P. S. Ananda Rao and Company Chartered Accountants |
|
Address : |
No 5, “Taranga”, 35, Binny
Layout, Behind Attiguppe, Vijaya Nagar,
|
|
Tel. No.: |
91-80-57606336 |
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Fax No.: |
91-80-23215652 |
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E-Mail : |
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|
|
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Memberships : |
·
Karnataka Dyes and
Chemical Traders Association ·
Indian Printed Circuit
Association ·
Indian Small Scale
Paint Manufacturers Association ·
All |
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|
|
|
Associates/Subsidiaries : |
·
Awishkar
International Activity
- Indenting Agents for Direct Import by buyers in ·
Bluemine Chemidiates
Private Limited Activity
- Dealing in Dyes, Pigments and Chemicals ·
A A Dyements Activity
– Indenting ·
Epochem
International |
CAPITAL STRUCTURE
AS ON 31.03.2011
|
Capital Investment : |
|
|
Owned : |
Rs. 15.000 Millions (Estimated) |
|
Borrowed : |
-- |
|
Total : |
Rs. 15.000 Millions (Estimated) |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2008 |
31.03.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
11.204 |
8.381 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
11.204 |
8.381 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.633 |
2.476 |
|
|
2] Unsecured Loans |
|
4.938 |
4.050 |
|
|
TOTAL BORROWING |
|
5.571 |
6.526 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
16.775 |
14.907 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
|
9.835 |
9.469 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.862 |
0.255 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
2.076 |
3.188 |
|
|
Sundry Debtors |
|
12.930 |
8.511 |
|
|
Cash & Bank Balances |
|
3.563 |
1.226 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
0.010 |
0.392 |
|
Total
Current Assets |
|
18.579 |
13.317 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
12.501 |
8.134 |
|
|
Provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities |
|
12.501 |
8.134 |
|
|
Net Current Assets |
|
6.078 |
5.183 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
16.775 |
14.907 |
|
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sales Turnover (Approximately) |
70.000 |
65.000 |
60.000 |
The above information has been parted by Ms. Swarna (Senior Manager)
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2008 |
31.03.2007 |
|
|
Sales Turnover |
|
61.189 |
52.510 |
|
|
Other Income |
|
4.086 |
3.142 |
|
|
Total Income |
|
65.275 |
55.652 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
4.429 |
3.473 |
|
|
Provision for Taxation |
|
0.000 |
(0.001) |
|
|
Profit/(Loss) After Tax |
|
4.429 |
3.474 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Cost of Goods Sold |
|
50.383 |
40.205 |
|
|
Administrative Expenses |
|
9.465 |
10.906 |
|
|
Interest |
|
0.870 |
0.961 |
|
|
Depreciation & Amortization |
|
0.128 |
0.107 |
|
Total Expenditure |
|
60.846 |
52.179 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
|
6.79 |
6.24 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
7.24 |
6.61 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
15.59 |
15.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.40 |
0.41 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
1.61 |
1.75 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.49 |
1.64 |
LOCAL AGENCY FURTHER INFORMATION
The concern is in trade terms
with
Local :
- Asian Paints Limited, Mr. Sanjay Ghiya
- Resins and Plastics Limited, Mr. D A Bhagat
- Henkel India Limited, Hari Om Gupta
- Marpol
Limited,
- Burgel Paints
- Lona Industries Limited
“Gharkul”, 82, Veer
Savarkar Marg, Shivaji Nagar, Dadar (West), Mumbai – 400 028,
Tel.
No.91-22-24473738-41
Fax
No.91-22-24473745
Plot No.
129, Phase I, Neeka Tube Road, GIDC, Vatva, Ahmedabad – 382 445, Gujarat, India
Tel.
No.91-79-25831854
Fax
No.91-79-25831837
E-Mail paradise@icenet.net
- Apex Dyestuffs and Intermediates / Ankur Dyestuff
Industries / Classic Colours
7, Ajanta
Commercial Centre, Second Floor,
Tel.
No.91-79-27541070, 27540570
Fax
No.91-79-27543864
- Aarviem Dyechem Industries Private Limited / Vaibhav
Dyechem Industries Private Limiteed
16/1253, MHB Colony, Tata
Power House, Borivli (East), Mumbai – 400 066,
Tel.
No.91-22-28861070
Fax No.91-22-28864647
- Lotus Enterprises
409-410, Lotus House,
33-A, New Marine Lines, Mumbai – 400 020,
Tel.
No.91-22-22085155, 22085919
Fax
No.91-22-22087879
E-Mail lotusent@bom3.vsnl.net.in
- Mr. A. Venkitachalam
Materials
Manager,
Asian Paints Limited,
Mumbai,
Tel. No.:
91-22-56958525
Fax:
91-22-56958805
Email: a.venkitachalam@asianpaints.com
- Mr. Milind Varwerkar
General
Manager Commercial,
Cray Valley Resins Inida
Private Limited, Mumbai,
Tel. No.:
91-22-24934001
Fax:
91-22-24973856
Email: maheshwataney@nerolac.com
- Mr. D. A. Bhagat
Materials
Manager,
Resins and Plastics
Limited, Mumbai,
Tel. No.:
91-22-28321671
Fax:
91-22-28217906
Email: dhansukh.bhagat@resplast.com
- Mr. Bhaskar Saha
Akzo Nobel
Coatings India Private Limited
Hoskote,
Karnataka
Tel. No.:
91-80-27971305 / 27971601
Fax :
91-80-27971306
Email: bhaskar.saha@uk.akzonobel.com
- Mr. Murlidhar Nair
Dy.
G.M.Purchase
Micro
Inks Limited, Vapi,
Tel.:
91-260-2462811
Fax:
91-260-2463733
Email: murli.nair@microinks.com
Foreign :
- Doosan Corporation Electromaterials BG
Tel.
No.91-82-02-3398-1970
Fax
No.91-82-02-3398-1979
E-Mail ispark@doosan.com
Contact-Mr.
I. S. Park
- Kolon Industries Inc.
Tel.
No.91-82-02-3677-3945, +82-02-3677-3902
Fax
No.91-82-02-3677-3889, +82-02-3677-3696
E-Mail eun@kolon.com
Contact -
Mr. J. U. Eun
- Sanwa Chemical (
31,
Tel.
No.91-65-68621721
Fax
No.91-65-68623682
E-Mail masuzawa@sanwa-chemical.com.sg
Contact Mr. N. Masuzawa / Mr. Eric Ng
- HT Cimatec GmbH
Post
Tel.
No.91-49-6352-404-0
Fax
No.91-49-6352-404-115
E-Mail reinhard.freund@htcimatec.de
Contact -
Mr. Freund Reinhard
- SIRPI s.r.l.
20122,
Milano, Corso Di Porta Romana 119,
Tel.
No.91-39-02-55181191
Fax No.91-39-02-55181580
E-Mail sirpi@planet.it
Contact -
Dr. Manuel Hassan
- PT Damar Murni Indah
Jl. Raya Serand KM 12, DS. Bunder,
KP. Kadu No. 48,
Tel.
No.91-62-21-5960102
Fax
No.91-62-21-5960095
E-Mail damar@dnet.net.id
Contact -
Ms. Omey
- Scott Bader Exports Limited
Wollaston,
Wellingborough,
Tel.
No.91-44-1933-663100
Fax
No.91-44-1933-663474
E-Mail tony_Phillips@scottbader.com
Contact-Mr.
Tony Phillips
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.44.94 |
|
|
1 |
Rs.71.89 |
|
Euro |
1 |
Rs.64.09 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
47 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.