MIRA
INFORM REPORT
|
Report Date : |
05.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
KARGWAL ENTERPRISES PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
KARGWAL CORPORATION |
|
|
|
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Registered
Office : |
307, Shalimar Morya Park, Behind Hyundai Show Room, Off Link Road,
Andheri (West), Mumbai-400053, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
31.03.2008 |
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|
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Com. Reg. No.: |
11-180623 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 11.750 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26932MH2008PTC180623 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK11675G |
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|
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PAN No.: [Permanent Account No.] |
MUMKL1675G |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Trader and Importer of Marble. |
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|
|
|
No. of Employees
: |
80 (Approximately) |
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 460000 |
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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 a successor of Kargwal Corporation, erstwhile a partnership
concern. 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.
INFORMATION PARTED BY
|
Name : |
Mr. Vijay |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-9892452704 |
|
Date : |
03.11.2011 |
LOCATIONS
|
Registered Office : |
307, Shalimar Morya Park, Behind Hyundai Show Room, Off Link Road, Andheri
(West), Mumbai-400053, Maharashtra, India |
|
Tel. No.: |
91-22-40105802 |
|
Mobile No.: |
91-9892452704 (Mr. Vijay) |
|
Fax No.: |
91-22-66791151 |
|
E-Mail : |
|
|
Area : |
1000 sq. ft. |
|
Location : |
Rented |
|
|
|
|
Factory : |
Survey No.269/1/1/1/3, Village Athal Naroli Union Territory of Dadra Nagar Havali, Silvassa- 396235,
India |
|
Tel. No.: |
91-260-3294855 |
|
Location : |
Owned |
DIRECTORS
AS ON 12.09.2011
|
Name : |
Mr. Bela Agarwal |
|
Designation : |
Director |
|
Address : |
A-403/ 404, Skypan Co- Operative Housing Society Limited, Oberoi
Complex, Andheri West, Mumbai- 400053, Maharashtra, India |
|
Date of Birth/Age : |
15.12.1963 |
|
Date of Appointment : |
31.03.2008 |
|
DIN No.: |
01858354 |
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 |
U35110MH1998PTC115020 |
SLB
Energy Private Limited |
Director |
10-12-06 |
10-12-06 |
Active |
NO |
|
2 |
U26932MH2008PTC180623 |
Kargwal
Enterprises Private Limited |
Director |
31-03-08 |
31-03-08 |
Active |
NO |
|
Name : |
Mr. Rajendra Agarwal |
|
Designation : |
Director |
|
Address : |
Millennium Marbles, Airport Services Road, Western Express Highway,
Vile Parle( East), Mumbai- 400099, Maharashtra, India |
|
Date of Birth/Age : |
18.12.1959 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
31.03.2008 |
|
DIN No.: |
00145598 |
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 |
U14102KA1991PTC011928 |
Singhal
Granites Private Limited |
Director |
02-05-91 |
02-05-91 |
Active |
NO |
|
2 |
U51909MH1999PTC119022 |
Millenium
Marbles Private Limited |
Director |
22-03-99 |
22-03-99 |
Active |
NO |
|
3 |
U18101KA1990PTC011086 |
Nawka
Granites Private Limited |
Director |
04-04-06 |
04-04-06 |
Active |
NO |
|
4 |
U35110MH1998PTC115020 |
SLB
Energy Private Limited |
Director |
24-04-06 |
24-04-06 |
Active |
NO |
|
5 |
U36912MH1989PTC051212 |
Matra
Homeland Private Limited |
Director |
30-06-06 |
30-06-06 |
Active |
NO |
|
6 |
U26932MH2008PTC180623 |
Kargwal
Enterprises Private Limited |
Director |
31-03-08 |
31-03-08 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Vijay |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 12.09.2011
|
Names of Shareholders |
No. of Shares |
|
Rajendra Agarwal |
20000 |
|
Bela Agarwal |
47000 |
|
Amita Agarwal |
44500 |
|
Mamta Agarwal |
31000 |
|
Pramod Gupta |
2000 |
|
Aayush Agarwal |
20000 |
|
Manoj Agarwal |
2000 |
|
SLB Builders Limited, India |
507000 |
|
Gopal Agarwal |
109500 |
|
Suresh Agarwal |
141000 |
|
Lazwantidevi Agarwal |
63000 |
|
Satish Agarwal |
11500 |
|
Kundanmal Agarwal |
1500 |
|
Sourabh Agarwal |
100000 |
|
Rajendra Oil Mills Private Limited, India |
75000 |
|
Total |
1175000 |
AS ON 12.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Bodies corporate |
49.53 |
|
Directors or relatives of Directors |
50.47 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Marble. |
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|
|
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Imports : |
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|
Products : |
Marble |
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Countries : |
·
Turkey ·
Grasses ·
France ·
Italy |
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Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
Cash, Credit |
GENERAL INFORMATION
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Customers : |
End Users Building Constructors |
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No. of Employees : |
80 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
R K Malpani and Associates Chartered Accountant |
|
Address : |
103, A, Shyam Anukampa, 0-11, Ashok Marg, C-Scheme, Jaipur-302001,
Rajasthan, India |
|
Tel. No.: |
91-141-2364313 / 2364513 |
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Fax No.: |
91-141-2364413 |
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E-Mail : |
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Pan No.: |
AABFR2190M |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1300000 |
Equity Shares |
Rs.10/- each |
Rs. 13.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1175000 |
Equity Shares |
Rs.10/- each |
Rs. 11.750
Millions |
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|
|
|
|
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 |
11.750 |
10.000 |
8.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
105.732 |
85.783 |
64.155 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
117.482 |
95.783 |
72.155 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
134.732 |
84.169 |
72.873 |
|
|
2] Unsecured Loans |
41.943 |
36.817 |
63.515 |
|
|
TOTAL BORROWING |
176.675 |
120.986 |
136.388 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
294.157 |
216.769 |
208.543 |
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|
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|
|
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APPLICATION OF FUNDS |
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|
|
|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
33.965 |
28.042 |
32.170 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.593 |
0.661 |
0.293 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
205.715
|
166.456 |
182.493 |
|
|
Sundry Debtors |
162.254
|
103.610 |
110.673 |
|
|
Cash & Bank Balances |
18.374
|
13.775 |
17.891 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
108.273
|
43.793 |
34.175 |
|
Total
Current Assets |
494.616
|
327.634 |
345.232 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
213.284
|
115.436 |
130.123 |
|
|
Other Current Liabilities |
21.733
|
24.132 |
39.026 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
235.017
|
139.568 |
169.152 |
|
|
Net Current Assets |
259.599
|
188.066 |
176.080 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
294.157 |
216.769 |
208.543 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
622.467 |
479.154 |
379.618 |
|
|
|
Other Income |
0.917 |
1.117 |
1.025 |
|
|
|
TOTAL (A) |
623.384 |
480.271 |
380.643 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
524.450 |
393.565 |
319.109 |
|
|
|
Operating Expenses |
58.127 |
67.841 |
49.501 |
|
|
|
Administrative Expenses |
23.254 |
16.403 |
10.764 |
|
|
|
Increase/(Decrease) In Stock |
(17.453) |
(24.701) |
(22.298) |
|
|
|
TOTAL (B) |
588.378 |
453.108 |
357.076 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
35.006 |
27.163 |
23.567 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
25.011 |
16.883 |
14.035 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
9.995 |
10.280 |
9.532 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.260 |
5.386 |
5.997 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
5.735 |
4.894 |
3.535 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.398 |
1.267 |
1.147 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
4.337 |
3.627 |
2.388 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4.782 |
1.155 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
PREVIOUS
YEARS ADJUSTMENT ACCOUNTS |
(0.138) |
0.000 |
(1.233) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
8.981 |
4.782 |
1.155 |
|
|
|
|
|
|
|
|
|
|
EXPORT VALUE |
2.078 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
426.929 |
343.988 |
326.631 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.69 |
3.63 |
2.98 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.70
|
0.76 |
0.63 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.92
|
1.02 |
0.93 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.08
|
1.37 |
0.94 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.05 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.50
|
2.72 |
4.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.10
|
2.35 |
2.04 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS
(Rs.
in Millions)
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
|
|
|
|
Goods |
204.563 |
112.702 |
127.691 |
|
Expenses and Others |
8.721 |
2.734 |
2.432 |
|
Total |
213.284 |
115.436 |
130.123 |
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1. Year of Establishment |
Yes |
|
2. Locality of the firm |
Yes |
|
3. Constructions 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 |
No |
|
18. Major customers |
No |
|
19. Payments terms |
Yes |
|
20. Export / Import details |
Yes |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
23. Banking Details |
Yes |
|
24. Banking facility details |
No |
|
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 |
------ |
FORM 8
|
Corporate
identity number of the company |
U26932MH2008PTC180623 |
|
Name of the company
|
KARGWAL
ENTERPRISES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
307 Shalimar
Morya Park, Behind Hyundai Show Room, Off Link Road, Andheri (West),
Mumbai-400053, Maharashtra, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
Immovable
Property Any Interest In
Immovable Property |
|
Particular of
charge holder |
International Banking Branch, 265, Birya House, Bazargate road, Fort,
Mumbai0- 400001 , E-Mail: jpscs2007@gmail.com |
|
Nature of
instrument creating charge |
Letter Recording
Extension of Equitable Mortgage In Respect of Various Properties For Rs.
347.500 millions |
|
Date of
instrument Creating the charge |
30.09.2011 |
|
Amount secured by
the charge |
Rs. 347.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest By this submission
of modification, the company has created and extended charge on various
immovable properties to secrue bank for total limits/facilities of Rs.
347.500 millions sanctioned to the company. Terms of repayment By this
submission of modification, the company has created and extended charge on
various immovable properties to secrue bank for total limits/facilities of
Rs. 347.500 millions sanctioned to the company. FB Rs.150.000
millions NFB Rs. 150.000
millions TL/SP. l/C
Rs.47.500 millions Total Rs. 347.500
millions Margin By this
submission of modification, the company has created and extended charge on
various immovable properties to secrue bank for total limits/facilities of
Rs. 347.500 millions sanctioned to the company. Extent and operation of the charge Rs.347.500
millions and operation of charge on immovable properties 1) land and
building, plant and machinery Sr No. 269/1/1/1/1/3 Village: Athal, Silvassa
2) flat no. 201/a-1, deep complex, village: Naroli, Silvassa (as more
specifically described in the letter of recording extension of equitable
mortgage) 3) land at survey no. 1019/1/1/2 adm 63 acre of village Naroli of
U.T. Of Dadara and Nagar Haveli sale deed dated 22.05.2009 |
|
Short particulars
of the property charged (Including location of the property) |
1)
Land
And Building, Plant And Machinery Sr No. 269/1/1/1/1/3 Village: Athal,
Silvassa 2)
Flat
No. 201/A-1, Deep Complex, Village: Naroli, Silvassa (As More Specifically
Described In The Letter of Recording Extension of Equitable Mortgage) 3)
Land
At Survey No. 1019/1/1/2 Adm 63 Acre of Village Naroli of U.T. Of Dadara And
Nagar Haveli Sale Deed Dated 22.05.2009 Other Properties As Mentioned In
Letter of Recording Extension of Equitable Mortgage As Mentioned In The
Schedules of Properties Details. |
|
Charge
identification number of the charge to be modified |
10130589 |
|
Particulars of
the present modification |
By This
Submission of Modification, The Company Has Created Charge And Extended Charge
on The Immovable Properties (Title Deeds) To Secure The Bank For The Total
Fund Base And Non Fund Base Credit Facilities Sanctioned of Rs.347.500
millions (Enhanced From Rs.322.500 millions) |
FIXED ASSETS
- Land
- Flat at Silvassa
- Plant and Machinery
- Electrical Installation
- Office Equipments
- Computer
- Vehicles
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 |
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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--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.