%20PRIVATE%20LIMITED%20-%20156656%2010-Oct-2011_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
10.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
SANJAY CHEMICALS ( |
|
|
|
|
Registered Office : |
507, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
20.10.2000 |
|
|
|
|
Com. Reg. No.: |
11-129290 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.17.458 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U51434MH2000PTC129290 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMS27686B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Trader and Importer of Chemicals. |
|
|
|
|
No. of Employees
: |
30 Approximately |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 910000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Financial
position of the company appears to be good. 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. Shashi |
|
Designation : |
Account Department |
|
Contact No.: |
91-22-40361100 |
|
Date : |
07.10.2011 |
LOCATIONS
|
Registered Office/ Administrative Office : |
507, |
|
Tel. No.: |
91-22-23432291 / 23449312 / 23438522 / 23449321 |
|
Fax No.: |
91-22-23415715 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
500 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
|
|
Tel. No.: |
91-40-27893247 / 3248 |
|
Fax No.: |
91-40-27894796 |
|
|
|
|
Warehouse Office : |
Gayatri Compound, Bhivandi, Mumbai, |
|
Location : |
Owned |
DIRECTORS
As On 30.09.2010
|
Name : |
Mr. Dilip V. Parmar |
|
Designation : |
Managing Director |
|
Address : |
|
|
Date of Birth/Age : |
14.03.1964 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
20.10.2000 |
|
DIN No. : |
00867949 |
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 |
U51434MH2000PTC129290 |
Sanjay Chemicals
( |
Managing
director |
20-10-00 |
20-10-00 |
Active |
NO |
|
2 |
U52321MH2005PTC158479 |
Scorpio Exim
Private Limited |
Director |
15-09-09 |
15-09-09 |
Active |
YES |
|
3 |
U52100MH2010PTC201072 |
Apricot Exim
Private Limited |
Director |
23-03-10 |
23-03-10 |
Active |
NO |
|
4 |
U67120MH2006PTC159576 |
Zany Share
Trading Private Limited |
Director |
12-08-11 |
12-08-11 |
Active |
YES |
|
|
|
|
Name : |
Mr. Vijayraj M. Parmar |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
13.03.1944 |
|
Qualification : |
SSC |
|
Date of Appointment : |
20.10.2000 |
|
DIN No. : |
02452291 |
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 |
U51434MH2000PTC129290 |
Sanjay Chemicals
( |
Director |
20-10-00 |
20-10-00 |
Active |
NO |
|
2 |
U52321MH2005PTC158479 |
Scorpio Exim
Private Limited |
Director |
15-09-09 |
15-09-09 |
Active |
YES |
|
3 |
U52100MH2010PTC201072 |
Apricot Exim
Private Limited |
Director |
23-03-10 |
23-03-10 |
Active |
NO |
|
4 |
U67120MH2006PTC159576 |
Zany Share
Trading Private Limited |
Director |
12-08-11 |
12-08-11 |
Active |
YES |
|
|
|
|
Name : |
Mr. Manoj V. Parmar |
|
Designation : |
Director |
|
Address : |
|
|
E-Mail : |
|
|
Date of Birth/Age : |
14.03.1968 |
|
Qualification : |
BSC |
|
Date of Appointment : |
20.10.2000 |
|
DIN No. : |
02452281 |
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 |
U51434MH2000PTC129290 |
Sanjay Chemicals
( |
Director |
20-10-00 |
20-10-00 |
Active |
NO |
|
2 |
U52321MH2005PTC158479 |
Scorpio Exim
Private Limited |
Director |
15-09-09 |
15-09-09 |
Active |
YES |
|
3 |
U52100MH2010PTC201072 |
Apricot Exim
Private Limited |
Director |
23-03-10 |
23-03-10 |
Active |
NO |
|
4 |
U67120MH2006PTC159576 |
Zany Share
Trading Private Limited |
Director |
12-08-11 |
12-08-11 |
Active |
YES |
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 |
U51434MH2000PTC129290 |
Sanjay Chemicals
( |
Director |
20-10-00 |
20-10-00 |
Active |
NO |
|
2 |
U52321MH2005PTC158479 |
Scorpio Exim
Private Limited |
Director |
15-09-09 |
15-09-09 |
Active |
YES |
|
3 |
U52100MH2010PTC201072 |
Apricot Exim
Private Limited |
Director |
23-03-10 |
23-03-10 |
Active |
NO |
|
4 |
U67120MH2006PTC159576 |
Zany Share
Trading Private Limited |
Director |
12-08-11 |
12-08-11 |
Active |
YES |
KEY EXECUTIVES
|
Name : |
K. S. and Associates |
|
Designation : |
Company Secretary |
|
|
|
|
Name : |
Mr. Shashi |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Vijayraj Parmar |
|
328525 |
|
Dilip Parmar |
|
355025 |
|
Sanjay Parmar |
|
322224 |
|
Manoj Parmar |
|
315724 |
|
Hemendra Turakhia, Narendra Shah and Prakash Kothari |
|
150000 |
|
Hemdan Ashiya,
Kishore Ashiya and Ranjitsingh Ashiya |
|
30 |
|
Jugraj Tailor and Leela Mangilal Parmar |
|
30 |
|
Parashmalji Jain, Kansingh Umardan Charan and Sohanlal
Dhanaram Prajapati |
|
11 |
|
Satish
Sanghrajka, Vagaram Keshaji Prajapati and Kishanlal Ramnarayan Joshi |
|
30 |
|
Futermal Parmar,
Sampatraj Parmar and Sunil Gosain |
|
30 |
|
Asha Parmar, Vicky
Narendra Joshi and Uma Maheshwar Rao |
|
30 |
|
Bhanumati
Prabhudas Sanghrajka |
|
10 |
|
Saroj Kiran Mehta and Kiran Mohanlalji Mehta |
|
11 |
|
Nikhil Mehta,
Varun Parmar and Yash Parmar (through father and NG Sanjay Parmar) |
|
10 |
|
Virendra Singh and Hinglasdan S. Charan |
|
10 |
|
Total |
|
1471700 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Infotrek Syscom Limited – |
|
3000 |
|
Uma Maheshwar Rao |
|
1500 |
|
C. Satyanarayana Karta of C. Satyanarayana HUF |
|
10000 |
|
Ranjitsingh Ashiya HUF |
|
1650 |
|
Ranjitsingh Ashiya |
|
157 |
|
Avas Capital Market Limited – |
|
10000 |
|
Chottunsinh Rathod |
|
700 |
|
Dilip Sonigara |
|
400 |
|
Total |
|
27407 |
List of Allottees
Table A
As on 30.10.2010
|
List of Allotees (Equity Shares) |
|
No. of Shares |
|
Vijayraj Parmar |
|
34000 |
|
Dilip Parmar |
|
30000 |
|
Sanjay Parmar |
|
20000 |
|
Manoj Parmar |
|
12000 |
|
Bharti Parmar |
|
30000 |
|
Total |
|
126000 |
Table B
As on 30.10.2010
|
List of Allotees (Equity Shares) |
|
No. of Shares |
|
Varsha S Parmar, Business |
|
22000 |
|
Kanchan V. Parmar, Business |
|
4000 |
|
Gunwati Parmar, Business |
|
18000 |
|
Vijayraj Parmar HUF, Business |
|
14000 |
|
Dilip Parmar HUF, Business |
|
26000 |
|
Sanjay Parmar HUF, Business |
|
32000 |
|
Manoj Parmar HUF, Business |
|
24000 |
|
Varun Parmar, Business |
|
4000 |
|
Scorpio Exim Private Limited, Business |
|
520000 |
|
Zany Share Trading Private Limited, Business |
|
168000 |
|
Total |
|
832000 |
As on 30.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
10.87 |
|
Directors
or relatives of directors |
|
89.13 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Chemicals. |
|
|
|
|
Products : |
·
Bulk Drugs ·
Chemicals ·
Drug Intermediates ·
Organic Chemicals |
|
|
|
|
Imports : |
|
|
Products : |
Chemical |
|
Countries : |
·
European Countries ·
·
·
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Retailers |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
30 Approximately |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
·
Development Credit Bank Limited
154 S. V. Road
East, Dongri, Mumbai – 400 009,
|
||||||||||||||||||||||||||||||
|
|
Rs. in Millions |
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
MGB and Company Chartered Accountants |
|
Address : |
Jolly Bhavan 2, 1st Floor, 7, New Marine Lines, Churchgate,
Mumbai – 400 020, |
|
Tel. No.: |
91-22-56332330 |
|
Pan No. : |
AAFM5742R |
|
|
|
|
Holding Company
: |
Yester Investments Private Limited |
CAPITAL STRUCTURE
After 30.09.2010
Authorised Capital : Rs.30.000 Millions
Issued, Subscribed & Paid-up Capital:
Rs.27.038 Millions
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2050000 |
Equity Shares |
Rs.10/- each |
Rs.20.500 Millions |
|
95000 |
11% Redeemable Non Cumulative Preference Shares |
Rs.100/- each |
Rs.9.500 Millions |
|
|
Total |
|
Rs.30.000
Millions |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
1471700 |
Equity Shares |
Rs.10/- each |
Rs.14.717 Millions |
|
27407 |
11% Redeemable Non Cumulative Preference Shares (These shares are redeemable at issue price within 20 years from the
date of allotment) |
Rs.100/- each |
Rs.2.741
Millions |
|
|
Total |
|
Rs.17.458
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 |
17.458 |
17.458 |
17.058 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
210.580 |
194.289 |
173.245 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
228.038 |
211.747 |
190.303 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.927 |
46.571 |
2.070 |
|
|
2] Unsecured Loans |
239.387 |
64.213 |
14.057 |
|
|
TOTAL BORROWING |
240.314 |
110.784 |
16.127 |
|
|
DEFERRED TAX LIABILITIES |
0.446 |
0.048 |
0.342 |
|
|
|
|
|
|
|
|
TOTAL |
468.798 |
322.579 |
206.772 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
4.285 |
4.480 |
4.279 |
|
|
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 |
323.512
|
226.737
|
163.876
|
|
|
Sundry Debtors |
1337.771
|
667.486
|
593.392
|
|
|
Cash & Bank Balances |
98.840
|
138.235
|
31.557
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
65.348
|
28.718
|
24.883
|
|
Total
Current Assets |
1825.471
|
1061.176
|
813.708
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1150.949
|
487.306
|
420.863
|
|
|
Other Current Liabilities |
190.433
|
240.680
|
182.355
|
|
|
Provisions |
19.576
|
15.091
|
7.997
|
|
Total
Current Liabilities |
1360.958
|
743.077
|
611.215
|
|
|
Net Current Assets |
464.513
|
318.099
|
202.493
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
468.798 |
322.579 |
206.772 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4415.638 |
2713.357 |
2091.655 |
|
|
|
Other Income |
14.101 |
9.165 |
4.136 |
|
|
|
TOTAL (A) |
4429.739 |
2722.522 |
2095.791 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods |
4293.497 |
2602.614 |
2020.346 |
|
|
|
Personal Cost |
6.847 |
4.872 |
4.401 |
|
|
|
Administrative and Other Expenses |
76.719 |
73.262 |
43.563 |
|
|
|
TOTAL (B) |
4377.063 |
2680.748 |
2068.310 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
52.676 |
41.774 |
27.481 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
26.564 |
23.378 |
16.109 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
26.112 |
18.396 |
11.372 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.640 |
0.541 |
0.513 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
25.472 |
17.855 |
10.859 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
9.182 |
6.410 |
3.859 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
16.290 |
11.445 |
6.800 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
27.532 |
16.087 |
9.537 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to Capital Redemption Reserve |
-- |
-- |
0.250 |
|
|
BALANCE CARRIED
TO THE B/S |
43.822 |
27.532 |
16.087 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
Export
Earnings |
8.742 |
161.227 |
NA |
|
|
|
TOTAL EARNINGS |
8.742 |
161.227 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
Raw Materials |
1019.608 |
625.880 |
NA |
|
|
|
TOTAL IMPORTS |
1019.608 |
625.880 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
11.07 |
7.81 |
6.66 |
|
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover (Approximately) |
|
|
5330.000 |
The above information has been parted by Mr. Shashi
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.38
|
0.42
|
0.32
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.58
|
0.66
|
0.52
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.39
|
1.68
|
1.32
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11
|
0.08
|
0.06
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
7.02
|
0.03
|
3.30
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34
|
1.43
|
1.33
|
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
|
Particulars |
As
on 31.03.2010 Rs.
in millions |
As
on 31.03.2009 Rs.
in millions |
As
on 31.03.2008 Rs.
in millions |
|
Sundry Creditors for Goods |
1146.693 |
444.059 |
406.106 |
|
Sundry Creditors for Expenses and Others |
4.256 |
43.247 |
14.757 |
|
Total |
1150.949 |
487.306 |
420.863 |
|
Sr. No. |
Check List by Info Agents |
|
|
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 variations <> 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. |
Payment terms |
YES |
|
20. |
Export / Import details (is applicable) |
YES |
|
21. |
Market information |
-- |
|
22. |
Litigation that the firm / promoter involved
in |
-- |
|
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, is available |
-- |
PERFORMANCE
The Company’s
Turnover during the year has increased to Rs.4415.637 millions as compared to
previous years Rs.2713.357 millions. The Net Profit after tax during the year
has also increased to Rs.16.290 millions as compared to previous years Rs.11.445
millions.
FORM 8
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10211615 |
|
Corporate
identity number of the company |
U51434MH2000PTC129290 |
|
Name of the
company |
SANJAY CHEMICALS ( |
|
Address of the
registered office or of the principal place of business in |
507, |
|
Type of charge |
Book Debts Movable Property |
|
Particular of
charge holder |
Development
Credit Bank Limited, 301, |
|
Nature of
description of the instrument creating or modifying the charge |
First Joint
Supplemental Deed of Hypothecation dated 10.02.2011. First Joint
Supplemental Working Capital Consortium Agreement dated 10.02.2011 (Both the
Agreements Constituting a Single Modification Charge) Facilities
sanctioned by: DCB - Rs. 441.000 Millions ICICI Bank -
Rs.385.000 Millions Total: Rs.
826.000 Millions |
|
Date of
instrument Creating the charge |
10.02.2011 |
|
Amount secured by
the charge |
Rs.826.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Extent and
Operation of the charge The Charge is
operative and modified to Rs. 826.000 Millions. By consent of all the
Parties, viz., Development Credit Bank Limited. and ICICI Bank Limited.,
Development Credit Bank Limited. is designated and recognized as the Lead
Bank under Consortium called as. "Development Credit Bank Limited.
Consortium" |
|
Short particulars
of the property charged |
FIRST PARI-PASSU
CHARGE ON: The whole of the
Current Assets of the Borrower namely, Stocks of Raw Materials, Stocks in
Process, Semi-Finished & Finished Goods, Stores & Spares |
FIXED
ASSETS
·
Land and Building
·
Office premises
·
Office equipments
·
Air conditioners
·
Furniture and fixtures
·
Vehicles
·
Computers
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.49.14 |
|
|
1 |
Rs.75.97 |
|
Euro |
1 |
Rs.66.00 |
CORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
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 |
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 |
|
47 |
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.