MIRA
INFORM REPORT
|
Report Date : |
14.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
MOHAN CLOTHING COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2E/22, Jhandewala Extention, New Delhi-110055, Delhi |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
18.07.1991 |
|
|
|
|
Com. Reg. No.: |
045024 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.900 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1991PTC045024 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM08937F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM1374L |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer And Exporter of Readymade Garments. |
|
|
|
|
No. of Employees
: |
Not Available. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 982420 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having fine track. General
financial position is good. Trade relations are reported as fair. Business is
active. Payments are reported to be regular 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 : |
2E/22, Jhandewala Extention, New Delhi-110055, Delhi, India |
|
Tel. No.: |
91-11.51543664 |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
76, Udyog Vihar, Phase-1, Gurgaon-122016, Haryana, India |
DIRECTORS
AS ON 28.09.2010
|
Name : |
Mr. Rajendra Mohan |
|
Designation : |
Director |
|
Address : |
5 Banarasi Das Estate, Delhi-110054, India |
|
Date of Birth/Age : |
01.08.1954 |
|
Date of Appointment : |
18.07.1991 |
Directorship in
Other Companies :
|
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 |
U74899DL1991PTC045024
|
MOHAN CLOTHING
COMPANY PRIVATE LIMITED |
Director |
18/07/1991 |
18/07/1991 |
- |
Active |
NO |
|
2 |
U74899DL1994PTC061541
|
JVR INVESTFIN
PRIVATE LIMITED |
Director |
15/09/1994 |
15/09/1994 |
- |
Active |
NO |
|
3 |
U18101DL1999PTC101803
|
N N AGENCIES
PRIVATE LIMITED |
Director |
01/10/1999 |
01/10/1999 |
- |
Active |
NO |
|
4 |
U74999HR1989PTC030706
|
KRISHNA LABELS
PVT LTD |
Director |
23/03/2000 |
23/03/2000 |
- |
Active |
NO |
|
5 |
U72200UP2000PTC025130
|
JSK INFOSERVICES
PRIVATE LIMITED |
Director |
27/10/2000 |
27/10/2000 |
- |
Active |
NO |
|
6 |
U74999DL2003PTC118520
|
K&M
GARMENGUARDINI (INDIA) PRIVATE LIMITED |
Director |
17/01/2003 |
17/01/2003 |
- |
Active |
NO |
|
7 |
U51909DL2004PTC128022
|
SWYAMBHU
ENTERPRISES PRIVATE LIMITED |
Director |
02/08/2004 |
02/08/2004 |
- |
Active |
NO |
|
8 |
U18101DL2006PTC149064
|
NOIR FASHIONS
PRIVATE LIMITED. |
Director |
31/05/2006 |
31/05/2006 |
- |
Active |
NO |
|
9 |
U74899DL1993PTC051614
|
AVM PRINT PACK
PRIVATE LIMITED. |
Director |
29/09/2007 |
10/08/2006 |
- |
Active |
NO |
|
10 |
U18204DL2007PTC166063
|
CAYMAN FASHIONS
PRIVATE LIMITED |
Director |
20/07/2007 |
20/07/2007 |
- |
Active |
NO |
|
11 |
U45201DL2005PTC143578
|
CREST REALTY
SERVICES PRIVATE LIMITED |
Director |
30/09/2008 |
18/09/2007 |
- |
Active |
NO |
|
12 |
U18101DL2005PTC137275
|
ACQARIUS
TEXTILES MILLS PRIVATE LIMITED |
Director |
30/09/2008 |
15/10/2007 |
- |
Active |
NO |
|
Name : |
Mr. Nikhil Mohan |
|
Designation : |
Director |
|
Address : |
12 Lucknown Road, Delhi-110054, India |
|
Date of Birth/Age : |
17.09.1966 |
|
Date of Appointment : |
18.07.1991 |
Directorship in
Other Companies :
|
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 |
U74899DL1991PTC045024
|
MOHAN CLOTHING
COMPANY PRIVATE LIMITED |
Director |
18/07/1991 |
18/07/1991 |
- |
Active |
NO |
|
2 |
U74999HR1989PTC030706
|
KRISHNA LABELS
PVT LTD |
Director |
12/06/2000 |
12/06/2000 |
- |
Active |
NO |
|
3 |
U51909DL2004PTC128022
|
SWYAMBHU
ENTERPRISES PRIVATE LIMITED |
Director |
02/08/2004 |
02/08/2004 |
- |
Active |
NO |
|
4 |
U18101DL2006PTC149064
|
NOIR FASHIONS
PRIVATE LIMITED. |
Director |
31/05/2006 |
31/05/2006 |
- |
Active |
NO |
|
5 |
U18204DL2007PTC166063
|
CAYMAN FASHIONS
PRIVATE LIMITED |
Director |
20/07/2007 |
20/07/2007 |
- |
Active |
NO |
|
6 |
U45201DL2005PTC143578
|
CREST REALTY
SERVICES PRIVATE LIMITED |
Director |
30/09/2008 |
18/09/2007 |
- |
Active |
NO |
|
Name : |
Mr. Nitin Mohan |
|
Designation : |
Director |
|
Address : |
12 Lucknown Road, Delhi-110054, India |
|
Date of Birth/Age : |
05.12.1968 |
|
Date of Appointment : |
18.07.1991 |
Directorship in
Other Companies :
|
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 |
U74899DL1991PTC045024
|
MOHAN CLOTHING
COMPANY PRIVATE LIMITED |
Director |
18/07/1991 |
18/07/1991 |
- |
Active |
NO |
|
2 |
U74999HR1989PTC030706
|
KRISHNA LABELS
PVT LTD |
Director |
12/06/2000 |
12/06/2000 |
- |
Active |
NO |
|
3 |
U51909DL2004PTC128022
|
SWYAMBHU
ENTERPRISES PRIVATE LIMITED |
Director |
29/11/2005 |
29/11/2005 |
- |
Active |
NO |
|
4 |
U18101DL2006PTC149064
|
NOIR FASHIONS
PRIVATE LIMITED. |
Director |
31/05/2006 |
31/05/2006 |
- |
Active |
NO |
|
5 |
U74899DL1993PTC051614
|
AVM PRINT PACK
PRIVATE LIMITED. |
Director |
29/09/2007 |
10/08/2006 |
- |
Active |
NO |
|
6 |
U18101DL2005PTC137275
|
ACQARIUS
TEXTILES MILLS PRIVATE LIMITED |
Director |
30/09/2008 |
15/10/2007 |
- |
Active |
NO |
|
Name : |
Mr. Nakul Mohan |
|
Designation : |
Director |
|
Address : |
5 Banarasi Das Estate, Delhi-110054, India |
|
Date of Birth/Age : |
21.12.1981 |
|
Date of Appointment : |
07.05.2007 |
Directorship in
Other Companies :
|
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 |
U51909DL2004PTC128022
|
SWYAMBHU
ENTERPRISES PRIVATE LIMITED |
Director |
30/09/2005 |
30/09/2005 |
- |
Active |
NO |
|
2 |
U18101DL2006PTC149064
|
NOIR FASHIONS
PRIVATE LIMITED. |
Director |
31/05/2006 |
31/05/2006 |
- |
Active |
NO |
|
3 |
U74899DL1991PTC045024
|
MOHAN CLOTHING
COMPANY PRIVATE LIMITED |
Director |
27/09/2007 |
07/05/2007 |
- |
Active |
NO |
|
4 |
U74899DL1994PTC061541
|
JVR INVESTFIN
PRIVATE LIMITED |
Director |
29/09/2007 |
07/05/2007 |
- |
Active |
NO |
|
5 |
U74999DL2003PTC118520
|
K&M
GARMENGUARDINI (INDIA) PRIVATE LIMITED |
Director |
29/09/2007 |
07/05/2007 |
- |
Active |
NO |
|
6 |
U18101DL1999PTC101803
|
N N AGENCIES
PRIVATE LIMITED |
Director |
29/09/2007 |
07/05/2007 |
- |
Active |
NO |
|
7 |
U74999HR1989PTC030706
|
KRISHNA LABELS
PVT LTD |
Director |
29/09/2007 |
07/05/2007 |
- |
Active |
NO |
|
8 |
U36101DL2005PTC137276
|
AMTHEST
FURNITURES PRIVATE LIMITED |
Director |
30/09/2008 |
15/12/2007 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Rajendra Mohan |
|
112140 |
|
Mr. Nikhil Mohan |
|
191820 |
|
Mr. Nitin Mohan |
|
141820 |
|
Mr. Raghav Mohan |
|
23000 |
|
Mrs, Indira Mohn |
|
93700 |
|
Mrs. Amita Mohan |
|
92000 |
|
Mrs. Anjul Mohan |
|
52000 |
|
Rajendra Mohan HUF) |
|
70100 |
|
Mrs Sonali Mohan |
|
23000 |
|
Mrs. Sandhya Mohan |
|
13000 |
|
Ms. Richa Mohan |
|
3000 |
|
Ms. Pallavi Mohan |
|
3000 |
|
Mr. Nakul Mohan |
|
94820 |
|
Ms. Damini Mohan |
|
2000 |
|
Ms. Madhulika Mohan |
|
3000 |
|
Nakul Mohan HUF |
|
70100 |
|
Nitin Mohan HUF |
|
100 |
|
Nikhil Mohan HUF |
|
100 |
|
Ms. Aanchal Mohan |
|
100 |
|
Ms. Toolika Mohan |
|
100 |
|
Mr. Madhav Mohan |
|
1000 |
|
Vidyawati Rastogi |
|
100 |
|
Total |
|
990000 |
AS ON 28.09.2010
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer And Exporter of Readymade Garments. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
ICICI Bank Limited, Sector 14, Gurgaon-122001,
Haryana, India ·
Citibank N.A, Jeevan Bharti Building, New Delhi,
India ·
Karnataka Bank Limited |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mehrotra Seth And Associates Chartered Accountant |
|
Address : |
Choudhry Building, K Bock, Connaught Circus, New Delhi-110001, Delhi,
India |
|
|
|
|
Associates/Subsidiaries : |
·
Krishna Labels Private Limited ·
Sri Ram And Son ·
Sri Ram
Son Agencies ·
Swyambhu Enterprises (P) Limited ·
Pall Mall ·
N N Agencies ·
ECRU Fashions ·
AVM Print Pack Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1250000 |
Equity Shares |
Rs.10/- each |
Rs.12.500 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
990000 |
Equity Shares |
Rs.10/- each |
Rs.9.900
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 |
9.900 |
9.900 |
9.900 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
235.705 |
164.346 |
124.268 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
245.605 |
174.246 |
134.168 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
26.741 |
134.931 |
64.539 |
|
|
2] Unsecured Loans |
5.200 |
39.863 |
57.252 |
|
|
TOTAL BORROWING |
31.941 |
174.794 |
121.791 |
|
|
DEFERRED TAX LIABILITIES |
11.539 |
9.579 |
9.127 |
|
|
|
|
|
|
|
|
TOTAL |
289.085 |
358.619 |
265.086 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
161.635 |
153.388 |
104.864 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
145.996
|
184.028 |
117.459 |
|
|
Sundry Debtors |
183.096
|
197.972 |
168.795 |
|
|
Cash & Bank Balances |
61.682
|
20.837 |
16.598 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
83.802
|
62.387 |
64.863 |
|
Total
Current Assets |
474.576
|
465.224 |
367.715 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
215.052
|
172.784 |
138.659 |
|
|
Other Current Liabilities |
130.337
|
85.848 |
63.947 |
|
|
Provisions |
1.737
|
1.361 |
4.887 |
|
Total
Current Liabilities |
347.126
|
259.993 |
207.493 |
|
|
Net Current Assets |
127.450
|
205.231 |
160.222 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
289.085 |
358.619 |
265.086 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
1546.262 |
1144.560 |
956.017 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
226.799 |
224.942 |
|
|
|
|
Manufacturer Expenses |
574.433 |
408.570 |
|
|
|
|
Personnel |
84.213 |
72.955 |
|
|
|
|
Sales And Administration Expenses |
460.773 |
390.760 |
842.252 |
|
|
|
Increase/ (Decrease) in Stock |
29.122 |
(55.323) |
|
|
|
|
|
1375.339 |
1152.521 |
|
|
|
|
TOTAL (B) |
1375.340 |
1041.904 |
842.252 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
170.922 |
102.656 |
113.765 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
28.269 |
29.695 |
19.226 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
142.653 |
72.961 |
94.539 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
32.068 |
10.768 |
6.957 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
110.585 |
62.193 |
87.582 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
37.487 |
20.957 |
32.225 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
73.098 |
41.236 |
55.357 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
139.246 |
104.168 |
54.969 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
5.000 |
5.000 |
5.000 |
|
|
|
Dividend |
1.485 |
0.990 |
0.990 |
|
|
|
Tax on Dividend |
0.252 |
0.168 |
0.168 |
|
|
BALANCE CARRIED TO
THE B/S |
205.607 |
139.246 |
104.168 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
5.319 |
2.893 |
2.872 |
|
|
TOTAL EARNINGS |
5.319 |
2.893 |
2.872 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
92.342 |
135.010 |
115.552 |
|
|
|
Stores & Spares |
2.781 |
20.573 |
0.664 |
|
|
TOTAL IMPORTS |
95.123 |
155.583 |
116.216 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
73.84 |
41.65 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
4.72
|
3.60 |
5.79 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.38
|
10.05 |
18.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.45
|
0.36 |
0.65 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.54
|
2.49 |
2.45 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36
|
1.75 |
1.77 |
LOCAL AGENCY FURTHER INFORMATION
Form 8
|
This form is for |
Modification of charge |
|
Charge identification number of the
modified |
10237126 |
|
Corporate identity number of the company |
U74899DL1991PTC045024 |
|
Name of the company |
MOHAN CLOTHING COMPANY PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
2E/22, Jhandewala Extention, New
Delhi-110055, Delhi, India |
|
Type of charge |
Book Debts Movable Property Immovable Property All stock in Trade |
|
Particular of charge holder |
Karnataka Bank Limited, Sector 14, Gurgaon-122001,
Haryana, India Email: del.gurgaon@ktkbank.com |
|
Nature of description of the instrument
creating or modifying the charge |
HYPOTHECATION AGREEMENT DATED 06-07-2011
FOR Rs.300.000 |
|
Date of instrument Creating the charge |
06.07.2011 |
|
Amount secured by the charge |
Rs.300.000 Millions |
|
Brief particulars of the principal terms
an conditions and extent and operation of the charge |
Rate of Interest Od:Br+3.25% I.E.13.50% P.A. At Present Inland/Import Lc(Da/Dp): Charges As Per
Circular. Terms of Repayment Od: On Demand As Per Od Rules And
Regulations Inland/Import Lc(Da/Dp): As Per Terms of
Establishment Margin Od:25% On Stock And Book Debts Considered
Good Outstading For Not More Than 90 Days Inland/Import Lc(Da/Dp):10% Cash Margin Extent and Operation of the charge 100% Others Renewal of OD Facility. Renewal And Enhancement Of Inland/ Import
Lc(Da/Dp) Facility From Rs.60.000 Millions Rs.250.000 Millions Only. |
|
Short particulars of the property charged |
Prime: Od: Hypothecation Of Stock And Book Debts Inland/Import Lc(Da/Dp):10% Cash Margin
And Hypothecation Of Stocks Procured Under Letter Of Credit. Collateral: Factory Land Situated At No.76,
Measuring 1000sq. Mtrs. Having Situated At Udyog Vihar Phase I, Gurgaon
Belonging To The Company And The Factory Building Constructed Thereon
Measuring 1880sq Fts (B+Gf+Ff+Sf) Hypothecation Of Plant And Machineries,
Furniture And Fixtures And Other Fixed Assets Of The Company (Excluding Land
And Building And Vehicles) |
Fixed Assets:
·
Land
·
Building
·
Furniture And Fixtures
·
Motor Car
·
Plant And Machinery
·
Generator
·
Computer
·
Temporary Erections
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.50.27 |
|
|
1 |
Rs.80.07 |
|
Euro |
1 |
Rs.68.44 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
51 |
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.