1. Summary Information
|
|
|
Country |
India |
|
Company Name |
VIJAY SABRE
SAFETY PRIVATE LIMITED |
Principal Name 1 |
Mr. Jitendra Ratilal Salot |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Dharmesh Jitendra Salot |
|
|
|
Registration # |
11-046552 |
|
Street Address |
35, Chandivali Village, Off. Saki Vihar Road, Sakinaka, Sangharsh
Nagar, Andheri (East ), Mumbai-400072, Maharahstra, India |
||
|
Established Date |
15.03.1988 |
SIC Code |
-- |
|
Telephone# |
91-2228471045 /
28478780 / 28478785 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-28470021 |
Business Style 2 |
Supplier |
|
Homepage |
Product Name 1 |
Safety Equipments |
|
|
# of employees |
-- |
Product Name 2 |
Emergency Equipments |
|
Paid up capital |
Rs.3,000,000/- |
Product Name 3 |
Personal Protection
Equipments |
|
Shareholders |
Directors or relatives of
directors (100%) |
Banking |
State Bank of India |
|
Public Limited Corp. |
NO |
Business Period |
23 years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (49) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
|
|
Group
Company |
-- |
Vijay Latex Products Private Limited |
|
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
118,113,000 |
Current Liabilities |
57,560,000 |
|
Inventories |
78,666,000 |
Long-term Liabilities |
41,018,000 |
|
Fixed Assets |
40,452,000 |
Other Liabilities |
6,150,000 |
|
Deferred Assets |
000 |
Total Liabilities |
104,728,000 |
|
Invest& other Assets |
21,400,000 |
Retained Earnings |
150,903,000 |
|
|
|
Net Worth |
153,903,000 |
|
Total Assets |
258,631,000 |
Total Liab. & Equity |
258,631,000 |
|
Total Assets (Previous Year) |
270,088,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
196,338,000 |
Net Profit |
7,445,000 |
|
Sales(Previous yr) |
194,229,000 |
Net Profit(Prev.yr) |
3,878,000 |
MIRA
INFORM REPORT
|
Report Date : |
26.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
VIJAY SABRE SAFETY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
35, Chandivali Village, Off. Saki Vihar Road, Sakinaka, Sangharsh
Nagar, Andheri (East ), Mumbai-400072, Maharahstra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
15.03.1988 |
|
|
|
|
Com. Reg. No.: |
11-046552 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs.3.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U2919KMH1988PTC046552 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMV10012C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACV4942P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers and Suppliers of Personal Protection, Safety, Emergency
and Rescue Equipments. |
|
|
|
|
No. of
Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 610000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
35, Chandivali Village, Off. Saki Vihar Road, Sakinaka, Sangharsh Nagar,
Andheri (East ), Mumbai-400072, Maharahstra, India |
|
Tel. No.: |
91-2228471045 / 28478780 / 28478785 |
|
Fax No.: |
91-22-28470021 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Plot No.11, survey No.46/1 P, Daman Ganga Industrial Estate, Athal,
Silvassa-396171, Gujarat, India. |
|
Tel. No.: |
91-260-2692429 / 2644072 |
|
|
|
|
Factory 2 : |
231-233, GIDC Unbergaon, District Valsad-396171, Gujarat, India |
|
Tel. No.: |
91-260-2561373 / 2561374 / 2561375 / 3126514 |
|
|
|
|
Zonal Offices : |
Located at:- ·
New Delhi ·
Bangalore ·
Kolkata |
DIRECTORS
(AS ON 18.09.2010)
|
Name : |
Mr. Jitendra Ratilal Salot |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
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|
Address : |
66, Nirmal Building, R. S. Road No.-6, Juhu Scheme, Vile Parle (West),
Mumbai-400056, Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
08.10.1943 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.08.1988 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No. : |
00030336 |
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|
Other Directorship :
|
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|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Dharmesh Jitendra Salot |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
18, Navyug CHS, N. S. road No.3, Juhu Scheme, Vile Parle (West),
Mumbai-400056, Maharahstra, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
29.03.1970 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
19.09.2003 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No. : |
00030272 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Tilakraj Brijlal bhanot |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
D-302, Poai Vihar, complex Powai, Sakinaka, Mumbai-400076,
Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.09.1944 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No. : |
00040584 |
|||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2010)
|
Names of Shareholders |
|
No. of Shares |
|
Jitendra Ratilal salot |
|
9000 |
|
Jitendra ratilal salot (HUF) |
|
3750 |
|
Yashomati J Salot |
|
6000 |
|
Dharmesh Jitendra salot |
|
3000 |
|
Neepa D Salot |
|
3000 |
|
Dharmesh Jitendra Salot (HUF) |
|
2250 |
|
Shreya D Dalot |
|
1500 |
|
Aayush D Salot |
|
1500 |
|
|
|
|
|
Total |
|
30000 |
Equity Share Breakup
(AS ON 30.09.2010)
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and Suppliers of Personal Protection, Safety, Emergency
and Rescue Equipments. |
||||||
|
|
|
||||||
|
Products : |
|
PRODUCTION STATUS AS ON 31.03.2010
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Breathing Apparatus |
Sets |
15000 |
3691 |
|
Resuscitators |
Sets |
50 |
-- |
|
Portable Oxy-inhalers |
Sets |
500 |
-- |
|
B A. Spare Cylinders |
Nos. |
2500 |
-- |
|
Fire Suits |
Nos. |
500 |
-- |
|
Life Buoys |
Nos. |
500 |
-- |
|
NBC Respiratory Masks |
Nos. |
250000 |
32068 |
|
Activated Carbon Sphere Coated Fabric |
Mtrs |
- |
200 |
|
Air Breathing System |
Nos. |
-- |
1 |
|
NBC Integrated Hood Mask |
Sets |
100000 |
10010 |
|
NBC Suit |
Nos. |
15000 |
125 |
|
NBC Canister |
Nos. |
8000 |
52 |
|
Advanced NBC Respiratory Mask |
Nos. |
30000 |
51 |
GENERAL INFORMATION
|
Customers : |
Indian Defence ·
Defence Research and Development Organization
DRDO Oil and Gas
Industries and Refineries ·
ONGC ·
GAIL ·
HPCL ·
BPCL ·
IPCL ·
IOC Power and Energy
Generation Industries ·
NTPC Chemicals and
Pharmaceutical Industries ·
Gharda Chemicals, NOCIL Fire Brigades ·
Delhi Fire Brigade ·
Surat ·
Ahmedabad ·
Calcutta ·
Nasik ·
Pune ·
Chandigarh, etc,(All India) Municipal
Corporation ·
Surat ·
Rajkot ·
Ahmedabad ·
Delhi ·
Nasik, etc. Civil Defence
and Security Forces ·
TOPSGRUP Ship Building
Yards ·
JNPT ·
Goa Shipyard ·
Garden Reach Shipyard Railways and
Metros ·
All India Department of
Atomic Energy (BARC and NPCL) Banks and
Offices ·
State Bank of India Government
Departments and Institutions Engineering
Industries Fertilizer
Industries ·
IFFCO ·
RCF ·
GSFC Airport and
Civil Aviation ·
AAI Food Processing
Industries Ordinance
Factories ·
All India Mines ·
Coal Mines Telecom Hotels ·
TAJ |
||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||
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No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||
|
Bankers : |
State Bank of India, Sakinaka Branch, 1st Floor, Saki Vihar
Road, Sakinaka, Andheri (East), Mumbai-400072, Maharashtra, India |
||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
in millions)
Notes: 1. Working Capital
Loan from Bank is secured by hypothecation/pledge of Plant and Machinery, Stock
and Raw Materials, Semi Finished Goods, Finished Goods, Deposits, Movable
Assets, factory Land and Building, Book Debts and by LIV policies and
personal guarantee of the Directors. 2. Vehicle Loan is
against hypothecation of vehicles. 3. Other Secured loans
are from LIC against Keyman policies of the Directors. (Rs. in millions)
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Chaturvedi Sohan and Company Chartered Accountants |
|
Address : |
320, Tulsiani Chamber, 212, nariman Point, Mumbai-400021, Maharashtra,
India |
|
Income-tax PAN of auditor or auditor’s firm : |
AABPC8158C |
|
|
|
|
Group Companies : |
·
Vijay Latex Products Private Limited ·
Vijay Technologies India Private Limited ·
Vijay Fire Vehicles and Pumps Private Limited ·
Vijay System Engineers Private Limited ·
Vijay Security System Limited ·
Vijay Transtech Private Limited |
CAPITAL STRUCTURE
(AS ON 31.03.2010)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000
millions |
|
2000 |
12% Redeemable Preference Shares |
Rs.100/- each |
Rs.0.200
millions |
|
|
|
|
|
|
|
Total |
|
Rs.5.200
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000 |
Equity Share |
Rs.100/- each |
Rs.3.000
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 |
3.000 |
3.000 |
3.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
150.903 |
142.652 |
135.127 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
153.903 |
145.652 |
138.127 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
35.305 |
45.306 |
25.454 |
|
|
2] Unsecured Loans |
5.713 |
6.685 |
16.377 |
|
|
TOTAL BORROWING |
41.018 |
51.991 |
41.831 |
|
|
DEFERRED TAX LIABILITIES |
0.894 |
1.878 |
1.704 |
|
|
|
|
|
|
|
|
TOTAL |
195.815 |
199.521 |
181.662 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
40.452 |
38.691 |
34.159 |
|
|
Capital work-in-progress |
4.853 |
4.394 |
1.001 |
|
|
|
|
|
|
|
|
INVESTMENT |
16.547 |
20.641 |
24.494 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
78.666
|
67.652 |
55.449 |
|
|
Sundry Debtors |
81.972
|
112.386 |
87.948 |
|
|
Cash & Bank Balances |
13.505
|
11.588 |
5.209 |
|
|
Other Current Assets |
0.882
|
0.534 |
0.190 |
|
|
Loans & Advances |
21.754
|
14.202 |
8.769 |
|
Total
Current Assets |
196.779
|
206.362 |
157.565 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
57.560
|
66.096 |
33.494 |
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
5.256
|
4.471 |
2.063 |
|
Total
Current Liabilities |
62.816
|
70.567 |
35.557 |
|
|
Net Current Assets |
133.963
|
135.795 |
122.008 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
195.815 |
199.521 |
181.662 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
TURNOVER |
196.338 |
194.229 |
104.757 |
|
|
|
|
|
|
|
|
|
|
EXPENSES |
216.496 |
176.653 |
116.526 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
9.008 |
6.581 |
3.468 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.563 |
2.703 |
1.530 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
7.445 |
3.878 |
1.938 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.000 |
0.368 |
2.340 |
|
|
TOTAL EARNINGS |
0.000 |
0.368 |
2.340 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
36.288 |
44.314 |
34.893 |
|
|
TOTAL IMPORTS |
36.288 |
44.314 |
34.893 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
281 |
129 |
82 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.80
|
2.68 |
1.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
0.05 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.67
|
0.84 |
0.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.13
|
2.92 |
4.43 |
LOCAL AGENCY FURTHER INFORMATION
CONTINGEMT LIABILITIES
NOT PROVIDED FOR IN RESPECT OF:
(Rs.
in millions)
|
Particulars |
As
on 31.03.2010 |
As
on 31.03.2009 |
|
Bank Guarantee Outstanding |
34.615 |
31.795 |
|
Acceptance (net of margins) |
14.642 |
5.135 |
|
Corporate Governance |
125.000 |
Nil |
FORM 8:
|
Corporate identity number of the company |
U29193MH1988PTC046552 |
|
Name of the company |
VIJAY SABRE SAFETY PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
35, Chandivali Village, Off. Saki Vihar Road, Sakinaka, Sangharsh
Nagar, Andheri (East ), Mumbai-400072, Maharahstra, India E-Mail Id: vijaysabre@vsnl.net
|
|
This form is for |
Modification of charge |
|
Charge identification number of the charge
to be modified |
90240309 |
|
Type of charge |
Immovable property |
|
Particular of charge holder |
State Bank of India, Sakinaka Branch, 1st Floor, Saki Vihar
Road, Sakinaka, Andheri (East), Mumbai-400072, Maharashtra, India E-Mail Id: balkrishna.deodhar@sbi.co.in
|
|
Nature of instrument creating charge |
Memorandum for recording extension of
mortgage by deposit of title deeds covering enhanced limits and/or creation
of equitable mortgage on additional properties for existing limits and
enhanced limits and additional facilities. |
|
Date of instrument Creating the charge |
13.04.2011 |
|
Amount secured by the charge |
Rs.185.000 millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
a)
Rate
of Interest Interest at the rate 5.50% margin above
the BR which is presently 8.25% p.a. Present effective rate 13.75% p.a. b)
Terms
of Repayment Repayable on demand. c)
Margin Raw Materials Imported and Indigenous -
25%, Semi Finished Goods - 40%, Finished Goods - 33.33%, Domestic Receivables
(Cover 180 days) - 25%, Letter of Credit - 20%, Bank Guarantee - 20%. d)
Extent
and operation of the charge Security to cover principal amount
together with interest, costs, charges and expenses etc. e)
Others DCC - Rs.80.000 Millions, SLOC - Rs.5.000
Millions, LC - Rs. 50.000 Millions, *BG - Rs.50.000 Millions, Total -
Rs.185.000 Millions. *50% Flexibility between LC and BG. Al other terms and conditions as per
the sanctioned letter and loan agreement. |
|
Short Particulars of the property charged |
Plot No.11, S.No.46/1, Daman Ganga
Industrial Estate, Village Athal, Dadra and Nagar Haveli (Union Territory). |
|
Date of instrument modifying the charge |
13.04.2011 |
|
Particulars of the present modification |
The Borrowers by way of equitable mortgage
by deposit of title deeds of Immovable properties at Plot No.11, S.No.46/1,
Daman Ganga Industrial Estate, Village Athal, Dadra and Nagar Haveli (Union
Territory) Property has provided further additional security to secure the
Loan Facility of Rs.185.000 millions. |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixtures
·
Office Equipments
·
Motor Vehicle
·
Patents and Rights
DEALERS LIST:
·
Industrial Marketing
·
Charuhas Engineering
Works
·
Fire Fox Engineering
Company
·
Industrial Engineers and
Manufacturers
·
Biswa Associates and
Industries
WEBSITE DETAILS:
Company Profile:
Subject (An ISO
9001 Accredited Company), is manufacturers of Personal Protection Equipment
(PPE), Gas Detection Equipment and Systems for the past two decades. They
manufacture Respiratory Protective Equipment in the PPE range under
Manufacturing License from an Associate M/s. SCOTT HEALTH and SAFETY LTD.,
EUROPE (formerly SABRE SAFETY LTD. – U.K.)
They have a
well-established manufacturing, assembling and testing facility, at their plant
in Silvassa and Umbergaon at the following addresses:
1. Plot No.11, Survey No. 46/1 P, Daman Ganga
Industrial Estate, Athal, Silvassa-Bhilad Road, Silvassa- 396 230.Tel.
0260-2632429/2644072
2. 231-233, GIDC Umbergaon, District Valsad –
396171 (Gujrat) Tel. 0260 2561373 / 2561374 / 2561375 / 3126514
Their Products
are approved by the various Govt. Agencies and Institutions e.g. BIS, Ministry
of defence (DGQA), DGS and D, DRDO, DGMS, CCE, MMD, etc. The in–house
manufacturing process ensures that the products meet the stringent laid–own
Quality Control Procedures and the in– process tests.
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 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.52.16 |
|
|
1 |
Rs.80.64 |
|
Euro |
1 |
Rs.69.42 |
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 |
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 |
|
49 |
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.