1. Summary Information
|
|
|
Country |
|
|
Company Name |
SHREE SANT KRIPA APPLIANCES PRIVATE LIMITED |
Principal Name 1 |
Mr. Rajesh Jeevan Uttamchandani |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Govind Jeevan Uttamchandani |
|
|
|
Registration # |
-- |
|
Street Address |
7, Akshay
Complex, Off |
||
|
Established Date |
12.05.2006 |
SIC Code |
-- |
|
Telephone# |
91-20-26122118/ 40131000 |
Business Style 1 |
Distributors of Electronic Goods and Mobile Devices |
|
Fax # |
91-20-26134837 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
-- |
|
# of employees |
80 (Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 56.000 Millions |
Product Name 3 |
-- |
|
Shareholders |
Hardevi Uttamchandani - 2383334 |
Banking |
State Bank of
India |
|
Public Limited Corp. |
-- |
Business Period |
05 years |
|
IPO |
--- |
International Ins. |
- |
|
Public |
--- |
Rating |
Ba (46) |
|
Related
Company |
|||
|
Relation
Subsidiaries |
Country
India |
Company
Name |
SSK Infotech Private Limited |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
515,078,000 |
Current Liabilities |
262,426,000 |
|
Inventories |
363,610,000 |
Long-term Liabilities |
411,215,000
|
|
Fixed Assets |
47,348,000 |
Other Liabilities |
-- |
|
Deferred Assets |
926,036,000 |
Total Liabilities |
673,641,000 |
|
Invest& other Assets |
24,417,000 |
Retained Earnings |
220,812,000 |
|
|
|
Net Worth |
276,812,000 |
|
Total Assets |
950,453,000 |
Total Liab. & Equity |
950,453,000 |
|
Total Assets (Previous Year) |
846,969,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
12,411,502,000 |
Net Profit |
66,118,000 |
|
Sales(Previous yr) |
5,648,045,000 |
Net Profit(Prev.yr) |
23,514,000 |
MIRA INFORM REPORT
|
Report Date : |
09.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
SHREE SANT KRIPA APPLIANCES PRIVATE LIMITED |
|
|
|
|
Registered Office : |
7, Akshay Complex, Off |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
12.05.2006 |
|
|
|
|
Com. Reg. No.: |
25-128465 |
|
|
|
|
Paid-up Capital : |
Rs. 56.000 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U32109PN2006PTC128465 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNES18226F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJCS9896A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Distributors of Electronic Goods and |
|
|
|
|
No. of Employees : |
80 (approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1100000 |
|
|
|
|
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 |
INFORMATION PARTED BY
|
Name : |
Mr. Rohan |
|
Designation : |
Company Secretary |
|
Contact No.: |
91-9890546371 |
|
Date : |
07.11.2011 |
LOCATIONS
|
Registered/ Head Office : |
7, Akshay Complex, Off |
|
Tel. No.: |
91-20-26122118/ 40131000 |
|
Fax No.: |
91-20-26134837 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
3000 sq.ft |
|
Location : |
Owned |
|
|
|
|
Branches: |
Located at: ·
·
Mumbai ·
Solapur ·
·
·
|
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Rajesh Jeevan Uttamchandani |
|
Designation : |
Director |
|
Address : |
A-6, |
|
Date of Birth/Age : |
08.01.1964 |
|
Qualification : |
B. E. in Mechanical Engineering |
|
Date of Appointment : |
12.05.2006 |
|
Other Directorship : |
CIN No.: U29305MH1997PTC108822
(as a Partner) |
|
DIN No.: |
00139105 |
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 |
U29305PN1997PTC108822 |
BAGH BAHAR APPLIANCES
PRIVATE LIMITED |
Director |
17/06/1997 |
17/06/1997 |
- |
Active |
NO |
|
2 |
U32109PN2006PTC128465 |
SHREE SANT KRIPA
APPLIANCES PRIVATE LIMITED |
Whole-time director |
11/05/2011 |
12/05/2006 |
- |
Active |
NO |
|
3 |
U72900PN2006PTC129119 |
SSK InfoTech Private
Limited |
Director |
25/09/2006 |
25/09/2006 |
- |
Active |
NO |
|
4 |
U72900PN2007PTC130711 |
MAVERICK MOBILE SOLUTIONS
PRIVATE LIMITED |
Additional director |
07/04/2008 |
07/04/2008 |
- |
Active |
NO |
|
5 |
U45204PN2008PTC132246 |
SSK DEVELOPERS PRIVATE
LIMITED |
Director |
16/06/2008 |
16/06/2008 |
- |
Active |
NO |
|
6 |
U74900PN2008PTC132627 |
SSK Retails Private
Limited |
Director |
14/08/2008 |
14/08/2008 |
- |
Active |
NO |
|
7 |
U51909PN2011PTC139528 |
SSK Fruits & Farms
Private Limited |
Director |
12/05/2011 |
12/05/2011 |
- |
Active |
NO |
|
Name : |
Mr. Govind Jeevan Uttamchandani |
|
Designation : |
Director |
|
Address : |
A-6, |
|
Date of Birth/Age : |
01.05.1961 |
|
Qualification : |
B. Tech Chemical Engineering, M.B.A |
|
Date of Appointment : |
12.05.2006 |
|
Other Directorship : |
CIN No.: U29305MH1997PTC108822
(as a Partner) |
|
DIN No.: |
00139239 |
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 |
U29305PN1997PTC108822 |
BAGH BAHAR APPLIANCES
PRIVATE LIMITED |
Director |
17/06/1997 |
17/06/1997 |
- |
Active |
NO |
|
2 |
U32109PN2006PTC128465 |
SHREE SANT KRIPA
APPLIANCES PRIVATE LIMITED |
Whole-time director |
11/05/2011 |
12/05/2006 |
- |
Active |
NO |
|
3 |
U72900PN2006PTC129119 |
SSK InfoTech Private
Limited |
Director |
25/09/2006 |
25/09/2006 |
- |
Active |
NO |
|
4 |
U45204PN2008PTC132246 |
SSK DEVELOPERS PRIVATE
LIMITED |
Director |
16/06/2008 |
16/06/2008 |
- |
Active |
NO |
|
5 |
U74900PN2008PTC132627 |
SSK Retails Private
Limited |
Director |
14/08/2008 |
14/08/2008 |
- |
Active |
NO |
|
6 |
U51909PN2011PTC139528 |
SSK Fruits & Farms
Private Limited |
Director |
12/05/2011 |
12/05/2011 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Rajesh Uttamchandani |
|
520000 |
|
Govind Uttamchandani |
|
480000 |
|
Hardevi Uttamchandani |
|
2383334 |
|
Govind Uttamchandani (HUF) |
|
1033333 |
|
Rajesh Uttamchandani (HUF) |
|
1033333 |
|
SSK Infotech Private Limited, Pune, |
|
200000 |
|
Bagh Bahar Appliances Private Limited, |
|
50000 |
|
Total |
|
5700000 |
Equity Share Breakup (Percentage of Total Equity
As on 30.09.2010
|
Category |
|
Percentage of
Holding |
|
Bodies corporate (not mentioned above) |
|
4.39 |
|
Directors or Relatives of Directors |
|
95.61 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributors of Electronic Goods and |
|
|
|
|
Agencies Held : |
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash, Credit |
|
|
|
|
Purchasing : |
L/C, Cash, Credit |
GENERAL INFORMATION
|
Suppliers : |
Samsung India |
|
|
|
|
Customers : |
|
|
|
|
|
No. of Employees : |
80 (approximately) |
|
|
|
|
Bankers : |
·
Bank of ·
HDFC Bank ·
ABN Amro Bank ·
City Bank ·
ICICI Bank ·
Union Bank of ·
Kotak Mahindra Bank, Veerwadi ·
Standard Chartered Bank, Credit Risk Control,
Narain Manzil, 23 Barakhamba, New Delhi-110001, ·
State Bank of |
|
Facilities : |
From State bank of India – Rs. CC, TL – Rs.1480.000 Millions
|
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Banking
Relations : |
-- |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Auditors : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
D. G. Kango Chartered Accountant |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
2040, Sadashiv Peth, Nikhil Pride, 4th Floor, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Pan No.: |
ACDPK5223A |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
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Subsidiaries : |
Line of Business: Trader of Home Appliances.
Line of Business: Providing IT Services |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs. 60.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5600000 |
Equity Shares |
Rs.10/- each |
Rs.56.000 millions |
|
|
|
|
|
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs. 300.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5900000 |
Equity Shares |
Rs.10/- each |
Rs.59.000 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 |
56.000 |
52.000 |
50.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
220.812 |
78.694 |
47.181 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
276.812 |
130.694 |
97.181 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
391.312 |
245.958 |
259.812 |
|
|
2] Unsecured Loans |
19.903 |
28.335 |
42.311 |
|
|
TOTAL BORROWING |
411.215 |
274.293 |
302.123 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
688.027 |
404.987 |
399.304 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
47.348 |
15.195 |
10.534 |
|
|
Capital work-in-progress |
24.417 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
12.500 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
363.610
|
305.466
|
459.097 |
|
|
Sundry Debtors |
396.901
|
416.193
|
298.374 |
|
|
Cash & Bank Balances |
110.531
|
88.964
|
5.769 |
|
|
Other Current Assets |
7.646
|
20.945
|
68.181 |
|
|
Loans & Advances |
0.000
|
0.000
|
1.076 |
|
Total
Current Assets |
878.688
|
831.568
|
832.507 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
250.436
|
431.275
|
461.229 |
|
|
Other Current Liabilities |
0.000
|
0.000
|
(14.860) |
|
|
Provisions |
11.990
|
10.707
|
10.143 |
|
Total
Current Liabilities |
262.426
|
441.982
|
456.512 |
|
|
Net Current Assets |
616.262
|
389.586
|
375.995 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.206 |
0.275 |
|
|
|
|
|
|
|
|
TOTAL |
688.027 |
404.987 |
399.304 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
12411.502 |
5648.045 |
|
|
|
|
Other Income |
1074.836 |
350.209 |
|
|
|
|
TOTAL (A) |
13486.338 |
5998.254 |
8819.326 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
13190.691 |
5788.215 |
|
|
|
|
Operating expenses |
178.520 |
145.614 |
|
|
|
|
TOTAL (B) |
13369.211 |
5933.829 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
117.127 |
64.425 |
8792.736 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
34.698 |
38.146 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
82.429 |
26.279 |
26.590 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.811 |
2.765 |
1.964 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
79.618 |
23.514 |
22.712 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
13.500 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
66.118 |
23.514 |
22.712 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
12.71 |
45.22 |
45.42 |
|
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover (approximately) |
|
|
21500.000 |
|
|
|
|
|
Expected Sales (2011-12) : Rs.35000.000 Millions
The above information has been parted by Mr. Rohan (Company Secretary)
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.49
|
0.39 |
0.26 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.64
|
0.42 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.60
|
2.79
|
2.69 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29
|
0.17
|
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.43
|
5.48
|
7.81 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.35
|
1.87
|
1.82 |
LOCAL AGENCY FURTHER INFORMATION
Overview of the
company:
The Company is incorporated
Under the Indian Companies Act, 1956 as "Shree Sant Appliances Private
Limited". The Company's principal area of operations is at Akshay Complex,
Off Dhole Pad Road, Pune. The company is engaged in the business of
Distribution of sale of electronic goods and mobile devices.
|
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% |
-- |
|
14) Estimation for coming financial year |
Yes |
|
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) |
-- |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
-- |
|
29) Last accounts filed at ROC |
-- |
|
30) Major Shareholders, if available |
-- |
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U32109PN2006PTC128465 |
|
Name of the
company |
SHREE SANT KRIPA APPLIANCES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Address : 7, Akshay
Complex, Off Email : baji_pasalkar@yahoo.com |
|
This form is for |
Modification of
Charge |
|
Charge
identification number of the charge to be modified |
10214468 |
|
Type of charge |
Book Debts Movable Property |
|
Particular of
charge holder |
State Bank of |
|
Nature of
instrument creating charge |
a)
Supplemental
Agreement of Loan for increase in the overall limit. b)
Supplemental
Agreement of Hypothecation of goods and assets for increase in the overall
limit. c)
Letter
regarding the grant of individual limits within the overall limit. All the above
agreements constitute a single modification |
|
Date of
instrument Creating the charge |
29.07.2010 |
|
Amount secured by
the charge |
Rs. 980.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Demand Cash
Credit : 12% p.a. Terms of
Repayment As per Sanction
Terms Margin Stocks: 25% Receivables (60 Days)
: 40% Letter of Credit
: 20% Bank Guarantee:
20% Extent and
Operation of the charge Demand Cash
Credit : Rs. 730.000 Millions Bank Guarantee:
Rs. 25.000 Millions Total Rs. 980.000
Millions |
|
Short particulars
of the property charged |
All present and
future goods, book debts and all other movable assets of the borrower
including documents of title to goods and other assets, such as book debts
outstanding moneys, receivables. Including
receivables by way of cash assistance and / or cash incentives under the cash
incentives scheme or any other scheme, claims, including claims by way of
refund of customs/ excise duties under the duty drawback credit scheme, or
any other scheme bills, invoices, documents, contracts, insurance policies,
guarantees, engagements, securities, investments and rights uncalled capital
and all present and future machinery. |
|
Particulars of
the present modification |
The original
charge was created on 18.03.2010 for Rs. 570.000 Millions. By the present modification
Dated 29.07.2010. The limit has been increased from Rs. 570.000 Millions to
Rs. 980.000 Millions. |
Fixed Assets:
- Computer
- Furniture and Fixtures
- Plant and machinery
- Vehicles
AS PER
WEB-DETAILS:
PROFILE:
The SSK Group is a fastest growing company which
professionally managed one of
Over the years The SSK Group of
Companies has diversified into a wide spectrum of business activities
ranging from distributing branded electronic products to software development. Looking
towards broader horizons and bigger goals has always been the hallmark of this
group.
Subject, which deals in Mobiles
and Accessories, is not only India's, but also Asia's leading distribution
partner and currently sales of 7, 50,000 sets every month and revenues touch US $75 million per month.
Bagh Bahar Appliances Private Limited, another
group initiative, but dealing in white good appliances is also one of the
leading distribution partners for Samsung with annual revenues exceeding US $ 5 million per annum
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.49.38 |
|
|
1 |
Rs.79.20 |
|
Euro |
1 |
Rs.67.84 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
46 |
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.