MIRA
INFORM REPORT
|
Report Date : |
05.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
TRANSASIA SALES PRIVATE LIMITED |
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Registered
Office : |
No. 8, M-1, President Chambers, Richmond Road, Bangalore-560025,
Karnataka |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
10.03.1997 |
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Com. Reg. No.: |
08-021927 |
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Paid up Capital
: |
Rs.7.340 Millions |
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CIN No.: [Company Identification
No.] |
U21098KA1997PTC021927 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
BLRT04930C |
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PAN No.: [Permanent Account No.] |
AAACT6687K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader, Importer and Supplier of Papers. |
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No. of Employees
: |
22 (approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 88000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Trade
relations are 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. Himanshu |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-22-42363600 |
|
Date : |
05.10.2011 |
LOCATIONS
|
Registered Office : |
No. 8, M-1, President Chambers, Richmond Road, Bangalore-560025, |
|
Tel. No.: |
91-80-40820000 |
|
Fax No. : |
91-80-41125111 |
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E-Mail : |
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Area : |
16000 sq. ft. (Owned) |
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Administrative / Corporate Office : |
19 Maa Padmavati Complex, |
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Area : |
5000 sq. ft. (Owned) |
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Branches : |
Located At: New Delhi B-154, Basement, Okhla Industrial Area, Phase-I, New Delhi – 110020,
India Tel. No. – 91-11-46095883/84 Chennai G-12, Rlcanso Complex, #10, Casa Major Road, Next to Don Basco School,
Egmore, Chennai – 600008, Tamilnadu, India Hyderabad Mumbai 2-5, 2nd Flr., Kohinoor Estate, 165 Tulsi Pipe Road, Lower
Parel, Mumbai – 400013, Maharashtra, India Tel. No. – 91-22-42363600 Fax No. – 91-22-42363636 |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Rajesh Kumar Kejriwal |
|
Designation : |
Director |
|
Address : |
801, Odyessey II, |
|
Date of Birth/Age : |
21.02.1964 |
|
Date of Appointment : |
26.06.2005 |
Other Directorship
Name:
|
RAJESH KUMAR KEJRIWAL
|
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Name : |
Mr. Vikash Kejriwal |
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Designation : |
Director |
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Address : |
F-404, Adarsh Residency, 47th Cross, 8th Block,
Jayanagar, Bangalore-560082, |
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Date of Birth/Age : |
14.12.1962 |
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Date of Appointment : |
13.07.2000 |
Other Directorship
Name:
|
VIKASH KEJRIWAL
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|
Name : |
Mr. Vijay Kumar Dalmia |
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Designation : |
Director |
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Address : |
No. 171, 05 Cross, GKW Layout, Vijaynagar, Bangalore-560040, |
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Date of Birth/Age : |
14.12.1961 |
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Date of Appointment : |
29.08.2008 |
Other Directorship
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Name : |
Mr. Nipun Kejriwal |
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Designation : |
Director |
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Address : |
No. F-304, Adarsh Residency, 47th Cross, 8th
Block, Jayanagar, Bangalore-560082, |
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Date of Birth/Age : |
23.01.1985 |
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Date of Appointment : |
29.08.2008 |
Other Directorship
Name:
|
NIPUN KEJRIWAL
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KEY EXECUTIVES
|
Name : |
Mr. Himanshu |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Rajesh Kumar Kejriwal |
|
10100 |
|
Omprakash Kejriwal |
|
240000 |
|
Chandrakala Kejriwal |
|
20000 |
|
Rekha Kejriwal |
|
80000 |
|
Nipun Kejriwal |
|
10000 |
|
Vikash Kejriwal |
|
30000 |
|
Shreyasi Goenka |
|
160000 |
|
Akshay Kejriwal |
|
12000 |
|
Alka Kejriwal |
|
26000 |
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Sangeeta Kejriwal |
|
20000 |
|
Olive Shelters Private Limited, |
|
125900 |
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Total |
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734000 |
AS ON 30.09.2010
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Equity Share Breakup |
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Percentage of Holding |
|
Category |
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Directors
or relatives of directors |
|
100.00 |
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Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Importer and Supplier of Papers. |
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Imports : |
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Products : |
Papers |
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Countries : |
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Terms : |
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Selling : |
Cash / Credit (90 days) |
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Purchasing : |
L/C / Cash / Credit (90 days) |
GENERAL INFORMATION
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Customers : |
·
Wholesalers ·
Jet Trading Private Limited, Bombay |
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Suppliers : |
·
Tullis and Russel, Italy |
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No. of Employees : |
22 (Approximately) (in office + in factory + in branches) |
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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 : |
Sharma and Pagaria Chartered Accountant |
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Address : |
No. 8, IV Floor, Laxmi Complex, No. 4, K.R. Road, Bangalore-560002,
Karnataka, India |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
AS ON 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
734000 |
Equity Shares |
Rs.10/- each |
Rs.7.340
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover (Approximately) |
|
|
30.000 |
Expected Sales (2011-2012) : Rs. 50.000 Millions
The above information has been parted by (Mr. Himanshu – Accounts
Executive)
Note – Increase in Sales Turnover: from 2010-2011 they have started
trading also.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
7.340 |
7.340 |
7.340 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
14.854 |
14.377 |
13.734 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
22.194 |
21.717 |
21.074 |
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LOAN FUNDS |
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|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
13.383 |
12.183 |
10.304 |
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TOTAL BORROWING |
13.383 |
12.183 |
10.304 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
35.577 |
33.900 |
31.378 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.000 |
0.000 |
0.000 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
35.105 |
33.333 |
31.725 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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|
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|
Inventories |
0.000
|
0.000 |
0.000 |
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Sundry Debtors |
0.689
|
0.853 |
0.000 |
|
|
Cash & Bank Balances |
0.037
|
0.043 |
0.021 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.000
|
0.000 |
0.716 |
|
Total
Current Assets |
0.726
|
0.896 |
0.737 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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Other Current Liabilities |
|
0.333 |
1.021 |
|
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Provisions |
|
0.037 |
0.104 |
|
Total
Current Liabilities |
0.295
|
0.370 |
1.125 |
|
|
Net Current Assets |
0.431
|
0.526 |
(0.388) |
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|
MISCELLANEOUS EXPENSES |
0.041 |
0.041 |
0.041 |
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TOTAL |
35.577 |
33.900 |
31.378 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Commission Income |
0.768 |
0.962 |
0.798 |
|
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|
Sundry Balances Written Off |
0.000 |
0.002 |
0.000 |
|
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|
Other Income |
0.000 |
0.001 |
0.000 |
|
|
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TOTAL |
0.768 |
0.965 |
0.798 |
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Less |
EXPENSES |
|
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Bank Charges |
0.000 |
0.004 |
|
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Professional Charges |
0.055 |
0.010 |
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|
Registration Fees |
0.000 |
0.030 |
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Printing and Stationery |
0.000 |
0.000 |
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Insurances |
0.000 |
0.000 |
0.057 |
|
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|
Interest Paid |
1.772 |
1.608 |
|
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|
Audit Fees |
0.011 |
0.011 |
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|
Rates and Taxes |
0.001 |
0.000 |
|
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|
|
Interest Transferred to Investment Account |
(1.772) |
(1.609) |
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|
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TOTAL |
0.067 |
0.055 |
0.057 |
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PROFIT BEFORE
TAX |
0.701 |
0.910 |
0.741 |
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Less |
TAX |
0.224 |
0.290 |
0.258 |
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PROFIT AFTER TAX
|
0.477 |
0.620 |
0.483 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.017 |
0.375 |
NA |
|
|
|
EXCESS
INCOME TAX OF PREVIOUS NOW REVERSED |
0.000 |
0.022 |
NA |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1.494 |
1.017 |
NA |
|
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|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.65 |
0.31 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
62.11
|
64.25 |
60.53 |
|
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|
Net Profit Margin (PBT/Sales) |
(%) |
91.28
|
94.59 |
92.86 |
|
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
96.56
|
101.56 |
100.54 |
|
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.03
|
0.04 |
0.04 |
|
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|
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|
Debt Equity Ratio (Total Liability/Networth) |
|
0.62
|
0.57 |
0.54 |
|
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|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.46
|
2.42 |
0.65 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry Creditors: Not Available
Note: The registered
office of the company has been shifted from No. 8/5, 2GF, President Chambers,
Richmond Road, Bangalore-560025,
Trade References
·
Jet Trading Private Limited, Bombay
·
Tullis and Russel, Italy
|
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 |
Yes |
|
13) Reasons for variation
<> 20% |
Yes |
|
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) |
Yes |
|
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 |
---------------------- |
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.49.22 |
|
|
1 |
Rs.76.06 |
|
Euro |
1 |
Rs.65.06 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
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 |
4 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
44 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.