MIRA
INFORM REPORT
|
Report Date : |
05.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
AGRASHA ALLOYS TRADING PRIVATE LIMITED |
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Registered Office
: |
333, Nav Vyapar Bhavan, 49, P. D’Mello Road, Masjid, Mumbai – 400009,
Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
29.03.1988 |
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Com. Reg. No.: |
11-046791 |
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Capital
Investment / Paid-up Capital : |
Rs.1.215 Millions |
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CIN No.: [Company Identification
No.] |
U27100MH1988PTC046791 |
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IEC No.: |
0305029690 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA25503C |
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PAN No.: [Permanent Account No.] |
AAACA4331P |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Importer of Copper Scrap and Ferrous and Non – Ferrous
Scrap. |
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No. of Employees
: |
5 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
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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Maximum Credit Limit : |
USD 120000 |
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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 company having satisfactory track. There appears
some dip in the turnover and profitability of the company due to transfer of
business to one of its sister concern namely Agarsha Shipping Private
Limited. However, 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.
INFORMATION PARTED BY
|
Name : |
Mr. S K Gupta |
|
Designation : |
Accountant |
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Contact No.: |
91-9821931059 |
|
Date : |
03.11.2011 |
LOCATIONS
|
Registered Office : |
333, Nav Vyapar Bhavan, 49, P. D’Mello Road, Masjid, Mumbai – 400009,
Maharashtra, India |
|
Tel. No.: |
91-22-23501212/ 43599000 |
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Mobile No.: |
91-9821931059 (Mr. S K Gupta) |
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Fax No.: |
91-22-43599009 |
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E-Mail : |
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Area : |
1300 Sq. ft |
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Location : |
Owned |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Jayesh Shah |
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Designation : |
Director |
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Address : |
F-7, Venus, Dr. R G Thadani Marg, Mumbai – 400018, Maharashtra, India |
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Date of Birth/Age : |
04.08.1955 |
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Date of Appointment : |
29.03.1988 |
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DIN No.: |
00236333 |
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Other Directorship :
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Name : |
Mr. Madhukant Agrawal |
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Designation : |
Director |
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Address : |
504 – Rajkamal CHS, 2nd Hasnabad CHS, Santacruz (West), Mumbai
– 400054, Maharashtra, India |
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Date of Birth/Age : |
21.01.1954 |
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Date of Appointment : |
29.03.1988 |
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DIN No.: |
00236370 |
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Other Directorship :
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Name : |
Ms. Hansa Jayesh Shah |
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Designation : |
Director |
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Address : |
F-7, Venus, Dr. R G Thadani Marg, Mumbai – 400018, Maharashtra, India |
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Date of Birth/Age : |
24.02.1956 |
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Date of Appointment : |
29.03.1988 |
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DIN No.: |
01316593 |
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Other Directorship :
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Name : |
Ms. Nisha Madhukant Agarwal |
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Designation : |
Director |
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Address : |
504 – Rajkamal CHS, 2nd Hasnabad CHS, Santacruz (West),
Mumbai – 400054, Maharashtra, India |
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Date of Birth/Age : |
21.05.1957 |
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Date of Appointment : |
29.03.1988 |
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DIN No.: |
01316618 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. S K Gupta |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Madhukant R Agrawal |
2500 |
|
Jayesh B Shah |
2500 |
|
Nisha Agarwal |
2500 |
|
Hansha Shah |
2500 |
|
MJM Realty Private Limited, India |
111500 |
|
Total |
121500 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Category |
Percentage |
|
Bodies corporate |
91.77 |
|
Directors or relatives of Directors |
8.23 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Copper Scrap and Ferrous and Non – Ferrous
Scrap. |
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|
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Imports : |
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Products : |
Scrap Materials |
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Countries : |
·
Russia ·
Dubai ·
UK ·
US |
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Terms : |
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Selling : |
Cash/ Credit |
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Purchasing : |
Cash/ Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Good Luck Industries ·
Agarsha Shipping Private Limited ·
Mahindra Ugine Steel Company Limited ·
Nyka Steels Private Limited ·
Pioneer Steel Industries ·
Topwroth Pipes and Tubes Private Limited ·
MLJ Impex Limited ·
Nilanjay Iron Private Limited ·
Karma Ispat Limited ·
I B Commercial Private Limited ·
T. R. Steels ·
NKS Overseas Trading SARL ·
Mahindra Renault Private Limited ·
Sanita International |
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Customers : |
End Users ·
L and T Limited ·
Mukund Limited ·
Bhavshakti Steel Mines Private Limited ·
Vipras Casting Limited ·
Valley Iron and Steel ·
Ashtavinayak Steel Private Limited ·
XLO India Limited ·
Petron Civil Engineering Private Limited ·
Ramdas Ispat and Metals Private Limited ·
Parag Steel Corporation |
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No. of Employees : |
5 (Approximately) |
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Bankers : |
·
Syndicate Bank, Prabhadevi Branch, G 001 Rajan House,
A. S. Marathe Marg, Prahadevi, Mumbai - 400025, Maharashtra, India ·
HDFC Bank |
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Facilities : |
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Financial Institution : |
·
Komaf Financial Services Limited |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
N. R. Agrawal and Company Chartered Accountants |
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Address : |
305 – D, Crystal Plaza, New Link Road, Andheri (West), Mumbai –
400053, Maharashtra, India |
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Tel. No.: |
91-22-66955551/ 66955552 |
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PAN.: |
AAEFN1711B |
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Associates : |
·
Tristar Oceanic Services Private Limited ·
Agrasha Enterprises ·
Agrasha Shipping Private Limited ·
Agrasha Realty Private Limited ·
Madhuram Trading and Investment Private Limited |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
300000 |
Equity Shares |
Rs.10/- each |
Rs.3.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
121500 |
Equity Shares |
Rs.10/- each |
Rs.1.215
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1.215 |
1.215 |
1.215 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
|
|
|
|
|
Share Premium |
10.035 |
10.035 |
10.035 |
|
|
Profit and Loss Account |
20.584 |
21.037 |
14.841 |
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
31.834 |
32.287 |
26.091 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2.309 |
11.096 |
0.000 |
|
|
2] Unsecured Loans |
43.531 |
19.521 |
26.092 |
|
|
TOTAL BORROWING |
45.840 |
30.617 |
26.092 |
|
|
DEFERRED TAX LIABILITIES |
0.004 |
0.062 |
0.126 |
|
|
|
|
|
|
|
|
TOTAL |
77.678 |
62.966 |
52.309 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
5.609 |
6.740 |
3.798 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.009 |
0.009 |
0.009 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
14.578
|
19.756 |
29.544 |
|
|
Sundry Debtors |
36.384
|
70.590 |
67.346 |
|
|
Cash & Bank Balances |
8.083
|
0.361 |
0.218 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
49.832
|
31.665 |
46.724 |
|
Total
Current Assets |
108.877
|
122.372 |
143.832 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
34.605
|
58.547 |
77.487 |
|
|
Other Current Liabilities |
1.780
|
4.390 |
14.415 |
|
|
Provisions |
0.450
|
3.242 |
3.432 |
|
Total
Current Liabilities |
36.835
|
66.179 |
95.334 |
|
|
Net Current Assets |
72.042
|
56.193 |
48.498 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.018 |
0.024 |
0.004 |
|
|
|
|
|
|
|
|
TOTAL |
77.678 |
62.966 |
52.309 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
349.508 |
885.733 |
681.727 |
|
|
|
Other Income |
3.616 |
7.532 |
0.856 |
|
|
|
TOTAL |
353.124 |
893.265 |
682.583 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Goods Sold |
345.655 |
826.605 |
642.650 |
|
|
|
Direct Expenses |
1.378 |
39.758 |
19.101 |
|
|
|
Advertisement Expenses |
0.004 |
0.020 |
0.006 |
|
|
|
Audit Fees |
0.055 |
0.055 |
0.041 |
|
|
|
Bank Charges |
0.061 |
0.789 |
0.713 |
|
|
|
Bank Interest |
0.028 |
0.170 |
0.090 |
|
|
|
Discounting Charges paid-Bank |
0.000 |
4.298 |
0.073 |
|
|
|
Brokerage Purchase/ Sales |
0.005 |
2.655 |
1.969 |
|
|
|
Conveyance |
0.007 |
0.030 |
0.029 |
|
|
|
Disc/Rate Difference/Shortage on Purchase/Sales |
0.000 |
1.270 |
0.599 |
|
|
|
Director Remuneration |
0.650 |
0.650 |
0.650 |
|
|
|
Donation Paid |
0.013 |
0.268 |
0.001 |
|
|
|
Donation U/s 80 G 50% |
0.000 |
0.035 |
0.174 |
|
|
|
Donaiton U/s 35 AC 100% |
0.005 |
0.005 |
0.000 |
|
|
|
Diwali Expenses |
0.000 |
0.010 |
0.001 |
|
|
|
Electricity Charges |
0.127 |
0.458 |
0.467 |
|
|
|
Interest Paid |
1.049 |
3.174 |
3.083 |
|
|
|
Interest Paid on Vehicle Loan |
0.288 |
0.225 |
0.000 |
|
|
|
Legal/ Franking Charges |
0.010 |
0.239 |
0.023 |
|
|
|
Material Testing Charges |
0.000 |
0.000 |
0.014 |
|
|
|
Maharashtra Labour Welfare Fund |
0.001 |
0.000 |
0.000 |
|
|
|
Membership Expenses |
0.001 |
0.003 |
0.008 |
|
|
|
Motor Car Expenses |
0.449 |
0.346 |
0.276 |
|
|
|
Office Expenses and Maintenance |
0.127 |
0.081 |
0.077 |
|
|
|
Postage and Telegram |
0.004 |
0.004 |
0.007 |
|
|
|
Prior Year Adjustments |
0.000 |
0.169 |
0.007 |
|
|
|
Professional Fees |
0.050 |
0.099 |
0.059 |
|
|
|
Professional Tax - Company |
0.003 |
0.002 |
0.000 |
|
|
|
Provident Fund (Employer Contribution) |
0.025 |
0.000 |
0.000 |
|
|
|
Rent Paid (Daman Office) |
0.011 |
0.033 |
0.000 |
|
|
|
ROC Expneses |
0.002 |
0.001 |
0.009 |
|
|
|
Printing and Stationery |
0.002 |
0.013 |
0.007 |
|
|
|
Salaries and Bonus |
0.959 |
0.613 |
0.582 |
|
|
|
Preliminary Expenses written off |
0.006 |
0.010 |
0.004 |
|
|
|
Sales Promotion Charges |
0.254 |
0.271 |
0.059 |
|
|
|
Staff Welfare |
0.007 |
0.014 |
0.006 |
|
|
|
Sundry Expenses/ Balance written off |
0.001 |
0.008 |
0.000 |
|
|
|
Telephone Charges |
0.071 |
0.118 |
0.146 |
|
|
|
Tender/ Bid Registration Charge |
0.000 |
0.001 |
0.017 |
|
|
|
Travelling Expenses (Foreign) |
0.103 |
0.402 |
1.149 |
|
|
|
Travelling Expenses (Local) |
0.042 |
0.137 |
0.198 |
|
|
|
TOTAL |
351.453 |
883.039 |
672.295 |
|
|
|
|
|
|
|
|
|
PROFIT/
LOSS BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.671 |
10.226 |
10.288 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.131 |
1.107 |
0.393 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ LOSS
BEFORE TAX |
0.540 |
9.119 |
9.895 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.993 |
2.923 |
3.223 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ LOSS
AFTER TAX |
(0.453) |
6.196 |
6.672 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(0.453) |
6.196 |
6.672 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Traded Goods |
4.811 |
250.509 |
226.557 |
|
|
TOTAL IMPORTS |
4.811 |
250.509 |
226.557 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(3.73) |
50.99 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.12
|
0.69 |
0.97 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.15
|
1.03 |
1.45 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.47
|
7.06 |
6.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.28 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.59
|
2.99 |
4.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.95
|
1.84 |
1.50 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
(Rs.
In Millions)
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors
For Goods |
|
|
|
|
ADR Trading Company Private Limited |
|
|
7.559 |
|
Agrasha Shipping Private Limited |
8.749 |
25.293 |
0.000 |
|
Good Luck lndustries |
0.000 |
0.094 |
0.595 |
|
I B Commercial Private Limited |
0.893 |
0.893 |
0.893 |
|
ISPAT Udyog |
0.000 |
0.000 |
0.092 |
|
Kamal Enterprises |
0.000 |
0.498 |
0.000 |
|
Karma lspat Limited |
0.000 |
2.177 |
0.000 |
|
Kanungo Ferromet Private
Limited |
0.000 |
0.000 |
0.935 |
|
Le'berry lntl Private Limited (Formerly-Selfridge Wear) |
0.000 |
2.241 |
19.445 |
|
Mahindra Ugine Steel Co Limited(Purchase) |
0.495 |
3.904 |
5.172 |
|
Mahindra Renault Private. Limited |
0.000 |
0.678 |
0.678 |
|
Metal Worldwide Inc. |
0.000 |
0.792 |
0.000 |
|
MLJ lmpex Limited |
0.000 |
0.038 |
0.000 |
|
Nilanjay Iron Private Limited |
0.000 |
1.118 |
0.000 |
|
NKS Overseas Trading SARL |
0.000 |
0.000 |
0.435 |
|
NSA Impex Private Limited |
0.000 |
0.000 |
0.040 |
|
Nyka Steels P Limited |
0.786 |
0.786 |
0.785 |
|
Pranav Steel Corporation |
0.000 |
0.000 |
0.828 |
|
Pioneer Steel Industries |
0.245 |
0.677 |
0.000 |
|
Ramdas Rolling Mill Private Limited |
0.000 |
2.664 |
0.000 |
|
Sanita International |
0.640 |
0.640 |
0.000 |
|
GSP International |
11.599 |
0.000 |
0.739 |
|
Stainless Works Private Itd |
0.000 |
7.883 |
12.201 |
|
Sjree Ramdev Metal Mart |
0.000 |
0.000 |
6.464 |
|
Sidh metalex INC |
0.00 |
0.000 |
8.595 |
|
Syndicate bank – LC Facility |
0.000 |
0.000 |
10.200 |
|
Telco Sales Corporation |
1.791 |
0.000 |
1.791 |
|
Viking International FZE |
5.829 |
1.791 |
0.000 |
|
T.R.Steels |
0.381 |
5.829 |
0.000 |
|
Topworth Pipes 8 Tubes Private Limited |
3.005 |
0.000 |
0.000 |
|
Sundry Creditors
For Others |
|
|
|
|
N. R. Agrawal and Company |
0.050 |
0.050 |
0.036 |
|
Mahabir Prasad Goenka |
0.000 |
0.248 |
0.000 |
|
Naresh Kumar Oza |
0.000 |
0.044 |
0.000 |
|
Sanjay Jain |
0.142 |
0.141 |
0.000 |
|
Singhnia 8 Company |
0.000 |
0.035 |
0.000 |
|
Sanjay Goyanka |
0.000 |
0.028 |
0.000 |
|
Total |
34.605 |
58.547 |
77.487 |
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
Yes |
|
5) Type of Business |
Yes |
|
6) Line of Business• |
Yes |
|
7) Promoter’s background |
-- |
|
8) No. of employees |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
No |
|
13) Reasons for variation <> 20% |
No |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
Yes |
|
18) Major customers |
Yes |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if applicable) |
Yes |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
No |
|
28) Incorporation details, if applicable |
-- |
|
29) Last accounts filed at ROC |
-- |
|
30) Major Shareholders, if available |
-- |
Note : The registered address
of the company ‘’211/212, Loha Bhavan, 2nd Floor, P D Mello Road,
Mumbai – 400009, Maharashtra, India’’ has shifted to present address ‘’333, Nav
Vyapar Bhavan, 49, P. D’Mello Road, Masjid, Mumbai – 400009, Maharashtra,
India’’ with effect from 05.07.2005
TRADE REFERENCES
·
L and T Limited
·
Mukund Limited
·
Good Luck Industries
FORM 8
|
This form is for |
Modification of charge |
|
Charge identification number of the
modified |
10004489 |
|
Corporate identity number of the company |
U27100MH1988PTC046791 |
|
Name of the company |
AGRASHA ALLYS TRADING PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
333, Nav Vyapar
Bhavan, 49, P. D’Mello Road, Masjid, Mumbai – 400009, Maharashtra, India |
|
Type of charge |
Immovable property |
|
Particular of charge holder |
Syndicate Bank, Prabhadevi Branch, G 001
Rajan House, A. S. Marathe Marg, Prahadevi, Mumbai – 400025, Maharashtra,
India Email Id : vlaxman@vsnl.com |
|
Nature of description of the instrument
creating or modifying the charge |
Supplementary Memorandum of deposit of
title deeds |
|
Date of instrument Creating the charge |
23.06.2009 |
|
Amount secured by the charge |
Rs.19.000 Millions |
|
Brief particulars of the principal terms
an conditions and extent and operation of the charge |
Rate of Interest Interest at the rate as may be
communicated by the Bank from time to time Terms of Repayment On Demand Margin As may be stipulated by the Bank from time
to time Extent and Operation of the charge The Company declares and confirms that in
consideration of additional credit limits of Rs.6.000 Millions now advanced by
the Bank to Tristar Oceanic Services Private Limited (“the Borrower”) that
all the property comprised in the Memorandum dated 11.05.2006 as modified and
extended by Supplement Memorandum dated 21.08.2007 and 23.06.2009 shall
hereafter be a security for and be charged with as well as the payment of the
aggregate limit of Rs.19.000 Millions together with interest, costs, charges,
etc. Others Nil |
|
Short particulars of the property charged |
Immovable property bearing Nos. 333, 334 and
335 bearing Carpet area No. 989 sq. ft on the third floor in building known
as “Nav Vyapar Bhavan”, on a plot of land bearing No. 49 situated in Bombay
Port Trust “Princess Dock Division” Elphinstone Estate, D’Mello Road, Mumbai
– 400009, Maharashtra, India |
|
Date of latest modification prior to the
present modification |
21.08.2007 |
|
Particulars of the present
modification |
The mortgage charge now stands increased
from Rs.13.000 Millions to Rs.19.000 Millions in favour of Syndicate Bank |
FIXED ASSETS
·
Maruti – 800
·
E. P. A. B. X. System
·
Mobile Phone
·
Furniture
·
Computer
·
Printer
·
Tijori
·
Typewriter
·
Pager
·
Fax Machine
·
Toyota Corolla
·
Accord Car – J
·
Accord Car – M- MH04DY
·
Office Premises
·
Air Conditioner
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.49.08 |
|
|
1 |
Rs.78.65 |
|
Euro |
1 |
Rs.67.79 |
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 |
4 |
|
--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 |
|
44 |
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.