Business
information report
1. Summary Information
|
|
|
Country |
India |
|
Company Name |
RAHUL SALES
LIMITED |
Principal Name 1 |
Mr. Onkar Anand |
|
Status |
Satisfactory |
Principal Name 2 |
Ms. Renu Anand |
|
|
|
Registration # |
53-011625 |
|
Street Address |
SCO 151, 152 2nd
Floor, Sector 8 C, Chandigarh –160009, India |
||
|
Established Date |
10.09.1991 |
SIC Code |
-- |
|
Telephone# |
91-172-2726756 |
Business Style 1 |
Importers |
|
Fax # |
91-172-2708840 |
Business Style 2 |
Exporters |
|
Homepage |
Product Name 1 |
Distributors |
|
|
# of employees |
-- |
Product Name 2 |
Steel products |
|
Paid up capital |
Rs.
49000000
/- |
Product Name 3 |
Cycle |
|
Shareholders |
Bodies corporate - 3.06 Directors or
relatives of Directors - 73.92 Other top fifty shareholders -
23.02 |
Banking |
ICICI Bank
Limited |
|
Public Limited Corp. |
NO |
Business Period |
20 years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba
(45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Related Parties |
India
|
RSL Estates Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
620,023,000 |
Current Liabilities |
661,642,000 |
|
Inventories |
272,057,000 |
Long-term Liabilities |
170,110,000
|
|
Fixed Assets |
41,157,000 |
Other Liabilities |
1,999,000 |
|
Deferred Assets |
000 |
Total Liabilities |
833,751,000 |
|
Invest& other Assets |
8,351,000 |
Retained Earnings |
56,887,000 |
|
|
|
Net Worth |
107,837,000 |
|
Total Assets |
941,588,000 |
Total Liab. & Equity |
941,588,000 |
|
Total Assets (Previous Year) |
803,127,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
2,105,344,000 |
Net Profit |
6,507,000 |
|
Sales(Previous yr) |
2,026,038,000 |
Net Profit(Prev.yr) |
7,553,000 |
MIRA
INFORM REPORT
|
Report Date : |
02.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
RAHUL SALES LIMITED |
|
|
|
|
Registered
Office : |
SCO 151, 152 2nd Floor, Sector 8 C, Chandigarh –160009 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
10.09.1991 |
|
|
|
|
Com. Reg. No.: |
53-011625 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 49.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U55109CH1991PLC011625 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PTLR10919G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABFR0460J |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Importers, Exporters and Distributors of steel, steel
products like cycle/motor parts and chemicals, papers, petrochemicals, raw
wool, fabrics etc. |
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 431000 |
|
|
|
|
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 and as per commitments. 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) |
|
India |
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 / Corporate Office : |
SCO 151, 152 2nd Floor, Sector 8 C, Chandigarh –160009,
India |
|
Tel. No.: |
91-172-2726756 |
|
Fax No.: |
91-172-2708840 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Regional Office 1 : |
Flat No.7B, 7th Floor, Ama Ram House, 1, Tolstory Marg, New
Delhi-110001, India |
|
Tel. No.: |
91-11-43528950 |
|
Fax No.: |
91-11-43528951 |
|
E-Mail : |
|
|
|
|
|
Regional Office 2 : |
608, R P Centre, Street No.-11, Koji Compound, Subhash Nagar, MIDC,
Andheri (East), Mumbai-400093, Maharashtra, India |
|
Tel. No.: |
91-22-40261757 |
DIRECTORS
AS ON 04.09.2010
|
Name : |
Mr. Onkar Anand |
|
Designation : |
Chairman Cum Managing Director |
|
Address : |
House # 135, Sector 7, Panchkula, Haryana, India |
|
Date of Birth/Age : |
12.01.1957 |
|
Date of Appointment : |
10.09.1991 |
|
DIN No.: |
00386955 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U55109CH1991PLC011625 |
RAHUL
SALES LIMITED |
Managing
director |
01-07-09 |
10-09-91 |
Active |
NO |
|
2 |
U70109CH1994PTC015455 |
RSL
ESTATES PRIVATE LIMITED |
Director |
15-12-94 |
15-12-94 |
Active |
NO |
|
3 |
U02001CH1997PLC019899 |
BHAWNA
AGRO LIMITED |
Director |
30-09-10 |
08-05-97 |
Active |
NO |
|
4 |
U17121CH2006PTC030556 |
BHAWNA
SYNTHETICS PRIVATE LIMITED |
Director |
26-08-06 |
26-08-06 |
Active |
NO |
|
5 |
U45209CH2008PTC031312 |
RSL
BUILDERS PRIVATE LIMITED |
Director |
28-07-08 |
28-07-08 |
Active |
NO |
|
6 |
U55101CH2008PTC031327 |
RSL
HOTELS AND RESORTS PRIVATE LIMITED |
Director |
19-08-08 |
19-08-08 |
Active |
NO |
|
7 |
U45209CH2008PTC031347 |
RSL
DEVELOPERS PRIVATE LIMITED |
Director |
29-08-08 |
29-08-08 |
Active |
NO |
|
8 |
L74899HR1991PLC032873 |
NARAINGARH
SUGAR MILLS LIMITED |
Director |
30-09-09 |
03-11-08 |
Active |
NO |
|
9 |
U74120DL2008PTC173408 |
E
COPY COLLECTIVE MANAGEMENT PRIVATE LIMITED |
Director |
09-02-09 |
09-02-09 |
Strike
off |
NO |
|
10 |
U15511CH2002PLC025070 |
NARAINGARH
DISTILLERY LIMITED |
Managing
director |
18-09-10 |
01-04-09 |
Active |
NO |
|
11 |
U51909DL2010PTC202449 |
MY
NUTRITION SUPPLEMENTS PRIVATE LIMITED |
Additional
director |
19-07-10 |
19-07-10 |
Active |
NO |
|
12 |
U62100CH2010PTC032661 |
RSL
AVIATIONS PRIVATE LIMITED |
Director |
30-12-10 |
30-12-10 |
Active |
NO |
|
Name : |
Ms. Renu Anand |
|
Designation : |
Whole Time Director |
|
Address : |
House # 135, Sector 7, Panchkula, Haryana, India |
|
Date of Birth/Age : |
12.11.1961 |
|
Date of Appointment : |
01.12.2007 |
|
DIN No.: |
01369754 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U70109CH1994PTC015455 |
RSL
ESTATES PRIVATE LIMITED |
Director |
15-12-94 |
15-12-94 |
Active |
NO |
|
2 |
U55109CH1991PLC011625 |
RAHUL
SALES LIMITED |
Whole-time
director |
01-10-08 |
01-12-07 |
Active |
NO |
|
3 |
L74899HR1991PLC032873 |
NARAINGARH
SUGAR MILLS LIMITED |
Director |
30-09-09 |
03-11-08 |
Active |
NO |
|
4 |
U15511CH2002PLC025070 |
NARAINGARH
DISTILLERY LIMITED |
Director |
30-09-09 |
01-04-09 |
Active |
NO |
|
5 |
U62100CH2010PTC032661 |
RSL
AVIATIONS PRIVATE LIMITED |
Director |
30-12-10 |
30-12-10 |
Active |
NO |
|
Name : |
Mr. Jitendra Anand |
|
Designation : |
Whole Time Director |
|
Address : |
House No. F – 143, Sector 22, Noida – 201 303, Uttar Pradesh, India |
|
Date of Birth/Age : |
11.01.1951 |
|
Date of Appointment : |
01.01.2007 |
|
DIN No.: |
00387657 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U55109CH1991PLC011625 |
RAHUL
SALES LIMITED |
Director |
01-01-11 |
01-01-07 |
Active |
NO |
|
2 |
L74899HR1991PLC032873 |
NARAINGARH
SUGAR MILLS LIMITED |
Director |
30-09-09 |
03-11-08 |
Active |
NO |
|
3 |
U15511CH2002PLC025070 |
NARAINGARH
DISTILLERY LIMITED |
Director |
30-09-09 |
01-04-09 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Sarabjeet Kaur |
|
Designation : |
Secretary |
|
Address : |
House No. HL 367, Phase 9, Mohali-160062, Punjab, India |
|
Date of Birth/Age : |
08.06.1984 |
|
Date of Appointment : |
06.06.2009 |
|
PAN No.: |
BADPK9388P |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 04.09.2010
|
Names of Shareholders |
No. of Shares |
|
Onkar Anand |
2569783 |
|
Renu Anand |
268346 |
|
Jitender Anand |
28380 |
|
Gagan Suri |
5260 |
|
Onkar Anand HUF |
50000 |
|
Suman Bansal |
50000 |
|
V P Securities |
150000 |
|
Rahul Anand |
500500 |
|
Pradeep Anand |
100000 |
|
Yogesh Anand |
100000 |
|
Bharat Chawla |
50000 |
|
Madhu Bhadari |
362351 |
|
Madhu Arora |
265380 |
|
Vikram Arora |
400000 |
|
|
|
|
Total |
4900000 |
AS ON 04.09.2010
|
Equity Shares
Break Up |
Percentage |
|
Bodies corporate |
3.06 |
|
Directors or relatives of Directors |
73.92 |
|
Other top fifty shareholders |
23.02 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importers, Exporters and Distributors of steel, steel products like cycle/motor parts and chemicals, papers, petrochemicals, raw wool, fabrics etc. |
|
|
|
|
Agencies Held : |
> Bharat Petroleum Limited > Easter Industries Limited > Indian Oil
Corporation Limited, Ambala, > Modi Alkalies and Chemicals |
GENERAL INFORMATION
|
Bankers : |
·
ICICI Bank Limited, Landmark Race Cource Circle,
Alkapuri, Baroda-390015, Gujarat, India ·
HDFC Bank Limited ·
State Bank of India ·
Kotak Mahindra Bank Limited |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
N. Kumar Chhabra and Company Chartered Accountants, |
|
Address : |
SCO 1094-95, Sector 22 B, |
|
Tel. No.: |
91-172-2701138 |
|
|
|
|
Related Parties : |
· RSL Estates Private Limited · Naraingarh Sugar Mills Limited · Naraingarh Distillery Limited · RSL Developers Private Limited · RSL Hotels and Resorts Private Limited · Bhawna Agro Limited · Bhawna Synthetocs Private Limited · Ghazal Ventures · Ghazal Restaurant · BRB Overseas |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4900000 |
Equity Shares |
Rs.10/- each |
Rs. 49.000
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 |
49.000 |
49.000 |
45.000 |
|
|
2] Share Application Money |
1.950 |
0.000 |
20.000 |
|
|
3] Reserves & Surplus |
56.887 |
50.379 |
27.840 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
107.837 |
99.379 |
92.840 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
129.128 |
117.598 |
79.488 |
|
|
2] Unsecured Loans |
40.982 |
37.029 |
12.988 |
|
|
TOTAL BORROWING |
170.110 |
154.627 |
92.476 |
|
|
DEFERRED TAX LIABILITIES |
1.999 |
1.566 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
279.946 |
255.572 |
185.316 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
41.157 |
43.987 |
44.767 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
8.351 |
8.351 |
8.351 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
272.057
|
55.206 |
9.474 |
|
|
Sundry Debtors |
453.838
|
586.376 |
435.976 |
|
|
Cash & Bank Balances |
48.016
|
36.847 |
53.781 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
118.169
|
72.360 |
39.748 |
|
Total
Current Assets |
892.080
|
750.789 |
538.979 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
623.195
|
545.443 |
402.315 |
|
|
Other Current Liabilities |
35.287
|
0.000 |
2.700 |
|
|
Provisions |
3.160
|
2.112 |
1.766 |
|
Total
Current Liabilities |
661.642
|
547.555 |
406.781 |
|
|
Net Current Assets |
230.438
|
203.234 |
132.198 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
279.946 |
255.572 |
185.316 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2105.344 |
2026.038 |
1609.336 |
|
|
|
Other Income |
5.830 |
23.506 |
15.809 |
|
|
|
TOTAL (A) |
2111.174 |
2049.544 |
1625.145 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
2166.644 |
1909.117 |
1504.731 |
|
|
|
Direct Expenses |
9.276 |
7.626 |
0.000 |
|
|
|
Personal Expenses |
6.460 |
5.640 |
4.402 |
|
|
|
Administrative Expenses |
13.038 |
46.518 |
12.215 |
|
|
|
Selling Expenses |
15.227 |
12.547 |
26.393 |
|
|
|
Increase / (Decreased) in Stock |
(216.851) |
(45.732) |
7.950 |
|
|
|
TOTAL (B) |
1993.793 |
1935.716 |
1555.691 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
117.380 |
113.828 |
69.454 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
106.189 |
99.063 |
51.448 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
11.191 |
14.765 |
18.006 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.982 |
3.135 |
2.466 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
8.209 |
11.630 |
15.540 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
1.702 |
4.077 |
5.868 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
6.507 |
7.553 |
9.672 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
39.967 |
33.459 |
16.233 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Vale of Goods |
53.411 |
0.000 |
711.031 |
|
|
TOTAL EARNINGS |
53.411 |
0.000 |
711.031 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
902.151 |
434.315 |
1323.937 |
|
|
TOTAL IMPORTS |
902.151 |
434.315 |
1323.937 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.33 |
1.68 |
2.42 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.30
|
0.36 |
0.58 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.38
|
0.57 |
0.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.87
|
1.46 |
2.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
0.11 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
7.71
|
7.06 |
5.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34
|
1.37 |
1.32 |
LOCAL AGENCY FURTHER INFORMATION
PERFORMANCE
During the Financial year the company achieved a Total Income of Rs.
2111.173 Millions as compared to the last year’s figures of Rs. 2049.544 Millions,
which is 3% more than the last year’s figure. However, the total expenses
increased from Rs. 2034.779 Millions to Rs. 2099.982 Millions during the
financial year. The Net profit after taxes also decreased from Rs. 7.554
Millions to Rs 6.508 Millions during the financial year mainly because the
company had purchased certain products at higher prices. But prices of those
products decreased heavily due to recession in the international prices and
company had incurred losses by selling those products at existing prices. All
those circumstances were beyond the control of Management. The management is
making earnest efforts to improve the profitability position.
It is expected that in the coming financial year the company shall be
able to register better results and control its expenses.
FORM 8
|
Corporate
identity number of the company |
U55109CH1991PLC011625 |
|
Name of the
company |
RAHUL SALES
LIMITED |
|
Address of the
registered office or of the principal place of business in |
Sco 151-152, 2nd
Floor, Sector 8 C, Chandigarh, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book debts Movable property
(not being pledge) Others |
|
Particular of
charge holder |
ICICI Bank Limited, Landmark Race Cource Circle, Alkapuri,
Baroda-390015, Gujarat, India |
|
Nature of
instrument creating charge |
Deed of
Hypothecation |
|
Date of
instrument Creating the charge |
13.05.2011 |
|
Amount secured by
the charge |
Rs. 110.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Cash Credit: sum
of I-Base and spread p.a. LC Commission:
1.0 % p.a. Buyers Credit: As
quoted by IBG (maximum rate stipulated is 6 month LIBOR + 200 bps p.a.) Terms of repayment On demand / due
date Margin Inventory:
Uniform margin of 40 % against all components of inventory and Book-debts
(Cover period for book-debts for 90 days) Cash margin on LC
and Buyers Credit (as a sub limit of LC limit) : 20% Extent and operation of the charge First Charge on
all current assets by way of hypothecation of stocks of raw materials,
semi-finished and finished goods, consumable stores and spares and such other
movables including book-debts, bills whether documentary or clean,
outstanding monies, receivables, both present and future, ranking pari passu
with other participating banks subject to NOC from State Bank of India. Other The above is to
secure for Cash Credit Limit of Rs. 10 millions, Line of Credit (LC) Rs. 100
millions and Buyers Credit (as sub limit of LC) of Rs. 100 millions. |
|
Short particulars
of the property charged (Including location of the property) |
First Charge on
all current assets of the Company by way of hypothecation of the Company
stocks of raw materials, semi-finished and finished goods, consumable stores
and spare and such other movables including book-debts, bills whether
documentary or clean, outstanding monies, receivables, both present and
future, ranking pari passu with other participating banks subject to NOC from
SBI |
FIXED ASSETS :
·
Mumbai Flat
·
Mumbai Office
·
Office Equipments
·
Commercial Vehicles
·
Computers
·
Furniture and Fixture
·
Vehicles
·
Mine
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 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
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.