11. Summary Information
|
|
|
Country |
|
|
Company Name |
GUPTA DYEING AND PRINTING MILLS PRIVATE LIMITED |
Principal Name 1 |
Mr. Jatin Prakash Gupta |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Sandeep Shiv Goyal |
|
|
|
Registration # |
04-008841 |
|
Street Address |
Plot No. 403/ 3, GIDC, Industrial Estate, Pandesara, |
||
|
Established Date |
01.08.1986 |
SIC Code |
-- |
|
Telephone# |
91-261-2891101 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-261-2891100 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
Bundelled Yarn/ Shaggy Yarn |
|
# of employees |
Not Available |
Product Name 2 |
Metallised Film, Bopp Film |
|
Paid up capital |
Rs.
21,370,000/- |
Product Name 3 |
Clear Pet Film |
|
Shareholders |
Foreign holdings(11.32) Bodies
corporate(11.70) Directors or relatives of Directors (76.50%) Other top fifty shareholder(0.48) |
Banking |
Punjab National Bank |
|
Public Limited Corp. |
NO |
Business Period |
25 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
108,702,000 |
Current Liabilities |
49,312,000 |
|
Inventories |
88,609,000 |
Long-term Liabilities |
205,311,000 |
|
Fixed Assets |
133,822,000 |
Other Liabilities |
17,637,000 |
|
Deferred Assets |
000 |
Total Liabilities |
272,260,000 |
|
Invest& other Assets |
2,353,000 |
Retained Earnings |
38,226,000 |
|
|
|
Net Worth |
61,226,000 |
|
Total Assets |
333,486,000 |
Total Liab. & Equity |
333,486,000 |
|
Total Assets (Previous Year) |
294,658,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales Turnover Including Other Income |
609,350,000 |
Net Profit |
6,001,000 |
|
Sales Turnover Including Other Income (Previous
yr) |
358,862,000 |
Net Profit(Prev.yr) |
1,586,000 |
MIRA
INFORM REPORT
|
Report Date : |
02.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
GUPTA DYEING AND PRINTING MILLS PRIVATE LIMITED |
|
|
|
|
Formerly Known
as: |
GDPM Industries Private Limited |
|
|
|
|
Registered
Office : |
Plot No. 403/ 3, GIDC, Industrial Estate, Pandesara, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
01.08.1986 |
|
|
|
|
Com. Reg. No.: |
04-008841 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs. 21.370 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17110GJ1986PTC008841 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Bundelled Yarn/ Shaggy Yarn used in Making
Carpet Metallised Film, Bopp Film, Clear Pet Film. |
|
|
|
|
No. of
Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 200000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct. The company 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
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 : |
Plot No. 403/ 3, GIDC, Industrial Estate, Pandesara, |
|
Tel. No.: |
91-261-2891101 |
|
Fax No.: |
91-261-2891100 |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
101, Trividh Chambers, |
|
Tel. No.: |
91-261-2335891/ 2335892/ 2335893 |
|
Fax No.: |
91-261-2313301 |
|
|
|
|
Works: |
404/ 4, G.I.D.C, Industrial Estate, Pandesara, |
|
Tel No: |
91-261-2891101/ 02/ 03 |
|
Fax No: |
91-261-2891104 |
DIRECTORS
As on 24.09.2010
|
Name : |
Mr. Jatin Prakash Gupta |
|
Designation : |
Director |
|
Address : |
8/ 9, Sanjay Co-operative Housing Society, |
|
Date of Birth/Age : |
12.02.1983 |
|
Date of Appointment : |
01.03.2001 |
|
DIN No: |
00013133 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation
of the director |
Date of appointment
at current designation |
Original date of
appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U17110GJ1986PTC008841 |
Gupta Dyeing And Printing Mills Private Limited |
Director |
03-01-01 |
03-01-01 |
- |
Active |
NO |
|
2 |
U17119MH2001PLC132197 |
Nova Polyfilms Limited |
Director |
31/05/2001 |
31/05/2001 |
- |
Strike off |
NO |
|
3 |
U17295GJ1991PTC014972 |
Sterlite Synthetics Private Limited |
Director |
15/03/2005 |
15/03/2005 |
02-10-10 |
Active |
NO |
|
4 |
L32200MH1984PLC034190 |
Aviva Industries Limited |
Director |
30/01/2006 |
30/01/2006 |
02-07-11 |
Active |
NO |
|
5 |
U27100MH2003PTC140711 |
Gajanand Metal Private Limited |
Director |
04-12-06 |
04-12-06 |
- |
Active |
NO |
|
6 |
U40105GJ2006PTC049205 |
Gupta Power Project Private Limited |
Director |
10-05-06 |
10-05-06 |
- |
Active |
NO |
|
7 |
U17297MH1999PTC121572 |
Gaurav Silk Mills Private Limited |
Additional director |
03-09-09 |
03-09-09 |
- |
Active |
NO |
|
8 |
U24114MH1999PTC121660 |
Novarties Syntex Private Limited |
Additional director |
09-01-09 |
09-01-09 |
- |
Active |
NO |
|
9 |
U30007GJ1999PTC035850 |
Comptel Infosys Private Limited |
Additional director |
02-11-10 |
02-11-10 |
- |
Active |
NO |
|
10 |
U17119GJ1991PTC015393 |
Numech Synthetics Private Limited |
Additional director |
06-10-10 |
06-10-10 |
- |
Active |
NO |
|
11 |
U25191GJ1999PTC035761 |
Millennium Tubes Private Limited |
Additional director |
21/06/2010 |
21/06/2010 |
- |
Active |
NO |
|
12 |
U14107GJ2010PTC062524 |
GSL Calchem Private Limited |
Director |
10-04-10 |
10-04-10 |
- |
Active |
NO |
|
13 |
U65990GJ1989PTC012556 |
Shikha Investments Private Limited |
Director |
11-09-10 |
11-09-10 |
- |
Active |
NO |
|
14 |
U17122GJ2007PTC050372 |
Gupta Tex Prints Private Limited |
Additional director |
03-12-11 |
03-12-11 |
- |
Active |
NO |
|
15 |
U17110GJ1991PTC014971 |
Sangam Silk Mills Private Limited |
Additional director |
07-11-11 |
07-11-11 |
- |
Active |
NO |
|
Name : |
Mr. Sandeep Shiv Goyal |
|
Designation : |
Additional Director |
|
Address : |
9 – A, Uday Poonam Apartment, Ghod Dod Road, Surat – 395007, Gujarat,
India |
|
Date of Birth/Age : |
27.09.1976 |
|
Date of Appointment : |
15.03.2008 |
|
DIN No: |
00013184 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation
of the director |
Date of appointment
at current designation |
Original date of
appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U30007GJ1999PTC035850 |
Comptel Infosys Private Limited |
Director |
10-03-03 |
10-03-03 |
- |
Active |
NO |
|
2 |
U17309MH2001PTC133649 |
Nandan Dyeing Prints Private Limited |
Director |
14/05/2004 |
14/05/2004 |
- |
Active |
NO |
|
3 |
U17297MH1999PTC121572 |
Gaurav Silk Mills Private Limited |
Director |
17/05/2004 |
17/05/2004 |
23/03/2009 |
Active |
NO |
|
4 |
L32200MH1984PLC034190 |
Aviva Industries Limited |
Director |
28/06/2004 |
28/06/2004 |
02-07-11 |
Active |
NO |
|
5 |
U17111GJ2004PLC044476 |
Nova Petrofils Limited |
Director |
19/07/2004 |
19/07/2004 |
- |
Active |
NO |
|
6 |
U24114MH1999PTC121660 |
Novarties Syntex Private Limited |
Director |
25/04/2005 |
25/04/2005 |
- |
Active |
NO |
|
7 |
U17119GJ1991PTC015393 |
Numech Synthetics Private Limited |
Director |
12-01-05 |
12-01-05 |
- |
Active |
NO |
|
8 |
U17119MH2003PTC140784 |
Tima Filaments Private Limited |
Director |
29/04/2006 |
29/04/2006 |
- |
Active |
NO |
|
9 |
U17119GJ1998PTC035038 |
Micro Filament Private Limited |
Director |
15/07/2006 |
15/07/2006 |
- |
Active |
NO |
|
10 |
U17110GJ1991PTC015392 |
Subhlaxmi Dyeing And Printing Mills Private Limited |
Director |
09-11-06 |
09-11-06 |
- |
Active |
NO |
|
11 |
U40105GJ2006PTC049205 |
Gupta Power Project Private Limited |
Director |
10-05-06 |
10-05-06 |
- |
Active |
NO |
|
12 |
U17119GJ1983PTC005840 |
Polycoat India Private Limited |
Director |
20/10/2006 |
20/10/2006 |
- |
Active |
NO |
|
13 |
L17111GJ2003PLC043354 |
CIL Nova Petrochemicals Limited |
Director |
06-11-07 |
06-11-07 |
10-05-09 |
Active |
NO |
|
14 |
U17110MH2003PTC139002 |
Shiv Shakti Syntex Private Limited |
Director |
23/08/2007 |
23/08/2007 |
02-05-10 |
Active |
NO |
|
15 |
L23200GJ1993PLC020927 |
GSL Nova Petrochemicals Limited |
Director |
29/09/2007 |
25/08/2007 |
- |
Active |
NO |
|
16 |
U17297MH1999PTC121528 |
Koshibo Trade Links Private Limited |
Director |
25/09/2007 |
25/09/2007 |
25/11/2009 |
Active |
NO |
|
17 |
U17110GJ1986PTC008841 |
Gupta Dyeing And Printing Mills Private Limited |
Additional director |
15/03/2008 |
15/03/2008 |
- |
Active |
NO |
|
18 |
U17110GJ1986PTC008903 |
Jatin Synthetics Private Limited |
Additional director |
27/02/2009 |
27/02/2009 |
- |
Active |
NO |
|
Name : |
Mr. Mohan Nandkishore Gupta |
|
Designation : |
Additional Director |
|
Address : |
8-9, Sanjay Co-operative Housing Society, |
|
Date of Birth/Age : |
15.06.1959 |
|
Date of Appointment : |
28.08.2009 |
|
DIN No: |
00010334 |
|
Date of ceasing: |
20.11.2010 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 24.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Shyamsunder Nandkishore Gupta |
|
19110 |
|
Prakash N. Gupta |
|
19730 |
|
Mohan Nandkishore Gupta |
|
19660 |
|
Sunilkumar N. Gupta |
|
19690 |
|
Indrawatidevi Gupta |
|
1000 |
|
Pawankumar Gupta |
|
10 |
|
Aisha S. Gupta |
|
700 |
|
Savita S. Gupta |
|
17500 |
|
Neeta P. Gupta |
|
17250 |
|
Uma M. Gupta |
|
17350 |
|
Sunaina S. Gupta |
|
17500 |
|
Jatin Prakash Gupta |
|
15000 |
|
Gold Star Lease Financing Limited, |
|
5000 |
|
Shikha Investments Private Limited, |
|
10000 |
|
Jatin Synthetics Private Limited, |
|
10000 |
|
Kamal Kishore Sharma |
|
12100 |
|
Santoshdevi Sharma |
|
12100 |
|
Total |
|
213700 |
As on 22.06.2011
|
Names of Allotees |
|
No. of Shares
Allotted |
|
Novarties Syntex Private Limited, |
|
263000 |
|
Total |
|
263000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 24.09.2010
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s), Foreign companie(s)
Foreign financial institution(s), Non-resident Indian(s) or Overseas
Corporate bodies or Others |
11.32 |
|
Bodies corporate |
11.70 |
|
Directors or relatives of Directors |
76.50 |
|
Other top fifty shareholders |
0.48 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Bundelled Yarn/ Shaggy Yarn used in Making Carpet Metallised Film, Bopp Film, Clear Pet Film. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS AS ON 31.03.2010
|
Particulars |
Unit |
|
Installed
Capacity |
Actual
Production |
|
Draw Twisting |
Tons |
|
8 |
|
|
Draw Winding |
Tons |
|
2 |
|
|
DT and DW Yarn |
Kgs |
|
|
4815.27 |
GENERAL INFORMATION
|
Bankers : |
Punjab National Bank, Surat Main Branch, 1st Floor, Meghani
Tower, Station Road, Surat – 395003, Gujarat, India HDFC Bank Sutex Bank CITI Bank |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R R Patchigar and Company Chartered Accountants |
|
Address : |
1 – B, Siddhashila Apartment, Beside |
|
Tel. No.: |
91-261-2476161 |
|
Fax No.: |
91-261-2475151 |
|
PAN No : |
ABTPP6780C |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
Rs. 100/- each |
Rs. 60.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
213700 |
Equity Shares |
Rs. 100/-
each |
Rs. 21.370
Millions |
After 24.09.2010
Authorised Capital: Rs. 100.000 Millions
Paid up Capital: Rs. 81.862 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 |
21.370 |
21.370 |
21.370 |
|
|
2] Share Application Money |
1.630 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
38.226 |
32.917 |
31.380 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
61.226 |
54.287 |
52.750 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
125.929 |
143.409 |
105.484 |
|
|
2] Unsecured Loans |
79.382 |
67.798 |
59.421 |
|
|
TOTAL BORROWING |
205.311 |
211.207 |
164.905 |
|
|
DEFERRED TAX LIABILITIES |
14.555 |
12.162 |
9.946 |
|
|
|
|
|
|
|
|
TOTAL |
281.092 |
277.656 |
227.601 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
133.822 |
128.739 |
130.568 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.892 |
2.140 |
1.706 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
88.609
|
70.735 |
47.793 |
|
|
Sundry Debtors |
75.105
|
53.094 |
60.996 |
|
|
Cash & Bank Balances |
8.859
|
9.897 |
8.030 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
24.738
|
29.131 |
26.186 |
|
Total
Current Assets |
197.311
|
162.857 |
143.005 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
18.534
|
12.997 |
25.976 |
|
|
Other Current Liabilities |
30.778
|
2.566 |
21.946 |
|
|
Provisions |
3.082
|
1.439 |
1.139 |
|
Total
Current Liabilities |
52.394
|
17.002 |
49.061 |
|
|
Net Current Assets |
144.917
|
145.855 |
93.944 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.461 |
0.922 |
1.383 |
|
|
|
|
|
|
|
|
TOTAL |
281.092 |
277.656 |
227.601 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
609.350 |
358.862 |
303.982 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
609.350 |
358.862 |
303.982 |
|
|
|
|
|
|
|
|
|
EXPENDITURE |
609.786 |
372.254 |
315.890 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
9.902 |
4.315 |
16.930 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.901 |
2.729 |
4.250 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
6.001 |
1.586 |
(12.680) |
|
|
|
|
|
|
|
|
|
|
INTEREST ON
INCOME TAX |
0.073 |
0.049 |
NA |
|
|
|
|
|
|
|
|
|
|
SURPLUS/
(DEFICIT) |
5.309 |
1.536 |
NA |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
19.365 |
17.828 |
NA |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
24.674 |
19.364 |
NA |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
75.396 |
5.741 |
NA |
|
|
TOTAL EARNINGS |
75.396 |
5.741 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
44.541 |
0.000 |
NA |
|
|
|
Stores & Spares |
0.593 |
0.390 |
NA |
|
|
|
Capital Goods |
0.000 |
0.000 |
NA |
|
|
TOTAL IMPORTS |
45.134 |
0.390 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
39.28 |
17.79 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.98
|
0.44 |
(4.17) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.99
|
1.47 |
6.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.07 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.20
|
4.20 |
4.05 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.76
|
9.57 |
2.91 |
LOCAL AGENCY FURTHER INFORMATION
Bankers Charges
Report as per Registry
|
Corporate identity
number of the company |
U17110GJ1986PTC008841 |
|
Name of the
company |
GUPTA DYEING AND
PRINTING MILLS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No. 403/ 3, GIDC, Industrial Estate, Pandesara, Email: gdpmpl@gmail.com |
|
This form is for |
Modification of Charge |
|
Charge identification (ID) number of the charge to be modified |
10256717 |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Punjab National Bank, Surat Main Branch, 1st Floor, Meghani
Tower, Station Road, Surat – 395003, Gujarat, India Email: bo0439@pnb.co.in |
|
Nature of
instrument creating charge |
Supplementary
Mortgage Deed |
|
Date of
instrument Creating the charge |
28.09.2011 |
|
Amount secured by
the charge |
Rs. 339.400
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest: Collateral
Security hence not applicable Terms of Repayment: Collateral
Security hence not applicable Margin: Collateral
Security hence not applicable Extent and Operation of the charge: Equitable
Mortgage created on immovable properties to secure credit facilities given by
the Bank |
|
Short Particulars
of the property or assets charged |
All that piece
and parcel of the leasehold right of land bearing Plot No. 382 admsg. 1000.00
Sq.Mtrs. at Pandesara Ind. Estate of GIDC situated on the land bearing
R.S.137 within Village limits of Valod Sub District Choryasi, District Surat
and more particulars prescribed in Schedule-II Part-C. |
|
Date of Last Modification
prior to the present modification |
05.03.2011 |
|
Particulars of the present modification |
Charge created on
the Immovable property stated in point No. 15 is now enhanced/renewed credit
facilities given by the Bank aggregate limits/amount of Rs. 339.400 Millions. |
Fixed Assets:
- Land and
Building
- Plant and
Machinery
- Furniture and
Fixtures
- Office
Equipments
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. 49.07 |
|
|
1 |
Rs. 78.78 |
|
Euro |
1 |
Rs. 67.75 |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.