MIRA
INFORM REPORT
|
Report Date : |
23.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
A. R. POLYMERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
105, Chandralok Complex, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
02.08.1995 |
|
|
|
|
Com. Reg. No.: |
20-18494 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.13.023 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17120UP1995PTC018494 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
KNAPA00324C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA2263P |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Plywood, Textiles, Footwear
etc. |
|
|
|
|
No. of Employees : |
300 Approximately |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 180000 |
|
|
|
|
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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
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. Brijesh Mohan |
|
Designation : |
Deputy Manager |
|
Contact No.: |
91-9005094983 |
|
Date : |
15.09.2011 |
LOCATIONS
|
Registered Office : |
105, Chandralok Complex, |
|
Tel. No.: |
91-512-2363491 / 2363691 / 2354644 |
|
Mobile No.: |
91-9005094983 (Mr. Brijesh Mohan) |
|
Fax No.: |
91-512-2354644 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
10000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
|
|
Area : |
100000 Sq. ft. |
|
Location : |
Rented |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Gopal |
|
Designation : |
Chairman |
|
Address : |
13, Narain Kutir, Gandhi Gram, Harjinder Nagar, |
|
Date of Birth/Age : |
13.10.1946 |
|
Date of Appointment : |
02.08.1995 |
|
DIN No.: |
01054515 |
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 |
U17120UP1995PTC018494 |
A. R. Polymers
Private Limited |
Director |
27-06-11 |
02-08-95 |
- |
Active |
NO |
|
2 |
U19202UP2001PTC026027 |
M K U Private
Limited |
Director |
20-03-08 |
20-03-08 |
02-07-11 |
Active |
NO |
|
3 |
U19100UP2007PTC032980 |
ARP Footwears
Private Limited |
Director |
20-04-11 |
20-04-11 |
- |
Active |
NO |
|
Name : |
Mr. Anurag Gupta |
|
Designation : |
Director |
|
Address : |
13, |
|
Date of Birth/Age : |
31.12.1973 |
|
Date of Appointment : |
12.11.2009 |
|
DIN No.: |
01054777 |
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 |
U26941UP1991PTC013611 |
Tirupati
Equipments Private Limited |
Director |
26-12-00 |
26-12-00 |
12-11-10 |
Active |
NO |
|
2 |
U19202UP2001PTC026027 |
M K U Private
Limited |
Director |
01-11-03 |
01-11-03 |
02-07-11 |
Active |
NO |
|
3 |
U28993UP2006PTC031284 |
Concord Safety
Solutions Private Limited |
Director |
26-02-08 |
26-02-08 |
25-11-10 |
Active |
NO |
|
4 |
U17120UP1995PTC018494 |
A. R. Polymers Private
Limited |
Managing
director |
27-06-11 |
12-11-09 |
- |
Active |
NO |
|
5 |
U19100UP2007PTC032980 |
ARP Footwears
Private Limited |
Director |
20-04-11 |
20-04-11 |
- |
Active |
NO |
|
Name : |
Mrs. Supriya Gupta |
|
Designation : |
Director |
|
Address : |
13, |
|
Date of Birth/Age : |
28.01.1974 |
|
Date of Appointment : |
01.11.2003 |
|
DIN No.: |
01086100 |
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 |
U24131UP1996PTC021001 |
M K U Armors
Private Limited |
Director |
13-11-96 |
13-11-96 |
- |
Active |
NO |
|
2 |
U17120UP1995PTC018494 |
A. R. Polymers
Private Limited |
Director |
01-11-03 |
01-11-03 |
27-06-11 |
Active |
NO |
|
3 |
U74991UP2007PTC032798 |
MKU warehousing
co. Private Limited |
Director |
05-02-07 |
05-02-07 |
- |
Active |
NO |
|
Name : |
Mrs. Nikita Gupta |
|
Designation : |
Director |
|
Address : |
13, |
|
Date of Birth/Age : |
20.01.1974 |
|
Date of Appointment : |
02.08.1995 |
|
DIN No.: |
01054697 |
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 |
U17120UP1995PTC018494 |
A. R. Polymers
Private Limited |
Director |
02-08-95 |
02-08-95 |
27-06-11 |
Active |
NO |
|
2 |
U26941UP1991PTC013611 |
Tirupati
Equipments Private Limited |
Director |
26-12-00 |
26-12-00 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Brijesh Mohan |
|
Designation : |
Deputy Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Gopal |
|
471200 |
|
Nikita Gupta |
|
340900 |
|
Anurag Gupta |
|
260000 |
|
Seventh day Investment Private Limited |
|
40000 |
|
Achates Exports Private Limited |
|
48000 |
|
Ulike Synthetics Private Limited |
|
50000 |
|
Sumit Khandelwal |
|
72000 |
|
Raj Kumar Khandelwal |
|
20000 |
|
Rakesh Arora |
|
100 |
|
Avinash Kumar Khandelwal |
|
100 |
|
Total |
|
1302300 |
List of Allottees As on 31.03.2011
|
Names of Allottees |
|
No. of Shares |
|
Gopal |
|
100000 |
|
Anurag Gupta |
|
100000 |
|
Total |
|
200000 |
Equity Share Breakup (Percentage of Total Equity)
As on 30.09.2010
|
Category |
|
Percentage of
Holding |
|
Bodies corporate |
|
10.60 |
|
Directors or relatives of directors |
|
78.79 |
|
Other top fifty (50) shareholders |
|
10.61 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Plywood, Textiles, Footwear
etc. |
||||
|
|
|
||||
|
Products : |
·
Boots/ Shoes o
NBC Over Boot o
Canvas Jungle Boot o
Canvas Shoe o
Combat Boots/ Snow Boots o
Rubber Knee Boot ·
Tents o
Tent Extendable o
Arctic Tent o
Ridge Tent o
Officer Tent o
Swiss Cottage o
Marquee Tent o
Store Tent ·
Reflective Jacket ·
Ground Sheet ·
Sleeping Bag ·
Synthetic Web Equipments ·
Mosquito nets ·
Rain Coat ·
·
Tarapaulin ·
Canopies ·
Plywood Division o
Plywood o
Flush Door ·
FRP Shelter ·
FRP Components |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Footwear |
||||
|
Countries : |
Gulf Countries |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
·
Raw Material ·
Finished Goods |
||||
|
Countries : |
|
PRODUCTION STATUS As on 31.03.2010
|
Particulars |
Unit |
|
Installed
Capacity |
Actual
Production |
|
Plywood |
Sqmtrs. |
|
700000.00 |
667834.46 |
|
Block Board |
Sqmtrs. |
|
150000.00 |
7191109 |
|
Checkered Ply Wood |
Sqmtrs. |
|
30000.00 |
23261.368 |
|
Flush Door |
Sqmtrs. |
|
-- |
|
|
Tent |
Pcs |
|
32000.00 |
5569.000 |
|
Canopey |
Pcs |
|
-- |
4401.000 |
|
Rain |
Nos. |
|
-- |
1.000 |
|
Lashing Rope |
Nos. |
|
-- |
25321.000 |
|
Tarapaulin |
Pcs |
|
-- |
172335.040 |
|
Joints |
Pcs |
|
-- |
109672.000 |
|
Mosquito Net |
Pcs. |
|
-- |
14540.000 |
|
Fiber Tray |
Nos. |
|
-- |
3077.000 |
|
FRP Shelter |
Nos. |
|
-- |
106.000 |
GENERAL INFORMATION
|
Suppliers : |
·
N G Enterprises ·
Wellknown Computers Private Limited ·
Amazing Security Services Private Limited ·
Anod Plasma Spray Limited ·
Bakshi Brothers ·
Bombay Tinsukiya Transport Company ·
Nice Pen Agency ·
Raju Traders ·
Shree Shyamji Distributors ·
Pursottam Gas Suppliers ·
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
·
Wholesalers ·
End Users ·
·
·
Anand Timber Company ·
Balaji Enterprise ·
Bansal Industries ·
Bawa Float Glass Limited ·
Empire Plywood ·
Jagat Jagdamba Flour (Private) Limited ·
Maa Boyra Enterprises Private Limited ·
·
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
300 Approximately |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
State Bank of ·
Smeccc Branch, Zonal Office, The Mall, ·
Phool Bagh Branch, |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mehrotra Rakesh Kumar and Company Chartered Accountant |
|
Address : |
Sagar Market, R No. 10, IInd Floor, 25/16, |
|
Tel. No.: |
91-512-2355477 |
|
Fax No.: |
91-512-3014234 / 2380616 / (R) 2314473 |
|
E-Mail : |
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 |
|
1502300 |
Equity Shares |
Rs.10/- each |
Rs.15.023
Millions |
As on 31.03.2010
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 |
|
1302300 |
Equity Shares |
Rs.10/- each |
Rs.13.023
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 |
13.023 |
13.023 |
13.023 |
|
|
2] Share Application Money |
0.009 |
0.004 |
0.000 |
|
|
3] Reserves & Surplus |
32.329 |
26.835 |
22.405 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
45.361 |
39.862 |
35.428 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
35.242 |
36.609 |
47.694 |
|
|
2] Unsecured Loans |
36.175 |
16.542 |
25.393 |
|
|
TOTAL BORROWING |
71.417 |
53.151 |
73.087 |
|
|
DEFERRED TAX LIABILITIES |
0.230 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
117.008 |
93.013 |
108.515 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
45.159 |
40.777 |
45.341 |
|
|
Capital work-in-progress |
0.908 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.400 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.094 |
0.050 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
47.401
|
16.818
|
19.373 |
|
|
Sundry Debtors |
23.165
|
26.154
|
40.504 |
|
|
Cash & Bank Balances |
2.702
|
0.398
|
0.940 |
|
|
Other Current Assets |
0.000
|
0.000
|
12.271 |
|
|
Loans & Advances |
21.722
|
14.512
|
0.954 |
|
Total
Current Assets |
94.990
|
57.882
|
74.042 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
15.146
|
1.913
|
6.744 |
|
|
Other Current Liabilities |
4.403
|
1.650
|
0.000 |
|
|
Provisions |
5.364
|
3.149
|
5.654 |
|
Total
Current Liabilities |
24.913
|
6.712
|
12.398 |
|
|
Net Current Assets |
70.077
|
51.170
|
61.644 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.864 |
0.972 |
1.080 |
|
|
|
|
|
|
|
|
TOTAL |
117.008 |
93.013 |
108.515 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Net Sales |
250.367 |
142.169 |
136.162 |
|
|
|
Job Work |
2.681 |
4.278 |
1.541 |
|
|
|
Other Income |
1.828 |
1.124 |
1.000 |
|
|
|
TOTAL |
254.876 |
147.571 |
138.703 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Raw Materials Consumed |
203.177 |
86.324 |
86.285 |
|
|
|
Direct Expenses |
13.063 |
8.877 |
11.557 |
|
|
|
Trade Tax |
10.124 |
5.672 |
0.000 |
|
|
|
Sales Tax |
0.000 |
0.000 |
8.496 |
|
|
|
Personnel Expenses |
12.274 |
8.483 |
10.415 |
|
|
|
Administrative and Selling Expenses |
11.540 |
11.031 |
7.014 |
|
|
|
Increase / (Decrease) in Stock |
(16.757) |
5.609 |
(1.469) |
|
|
|
TOTAL |
233.421 |
125.996 |
122.298 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
21.455 |
21.575 |
16.405 |
|
|
|
|
|
|
|
|
|
|
FINANCE CHARGES |
8.259 |
9.694 |
8.320 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
13.196 |
11.881 |
8.085 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
5.245 |
5.547 |
5.665 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
7.951 |
6.334 |
2.420 |
|
|
|
|
|
|
|
|
|
|
TAX |
2.457 |
1.904 |
0.750 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
5.494 |
4.430 |
1.670 |
|
|
|
|
|
|
|
|
|
|
FRINGE BENEFIT
TAX |
0.000 |
0.000 |
0.090 |
|
|
|
|
|
|
|
|
|
|
EXPENSES RELATED
TO PREVIOUS YEAR |
0.000 |
0.000 |
0.078 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
26.835 |
22.405 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
32.329 |
26.835 |
1.502 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
2.859 |
6.583 |
7.263 |
|
|
TOTAL IMPORTS |
2.859 |
6.583 |
7.263 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.22 |
-- |
-- |
|
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover (Approximately) |
|
|
520.000 |
The above information has been parted by Mr. Brijesh Mohan
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
2.16
|
3.00
|
1.20 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.18
|
4.46
|
1.78 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.67
|
6.42
|
2.03 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.16
|
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.12
|
1.50
|
2.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.81
|
8.62
|
5.97 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS
Total income of
the Company during the year amount to Rs.2 1.455 millions as against Rs.21.575
millions in the preceding pear.
Profit after Tax during the year amount to Rs.5.494 millions as against a
profit after tax of Rs.4.430 millions in the preceding year. The Directors are making all efforts to
come out with improved performance in the coming years.
Bankers Charges Report as per Registry
|
This form is for |
Creation of charge |
|
Corporate identity number of the company |
U17120UP1995PTC018494 |
|
Name of the company |
A. R. POLYMERS PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in |
105, Chandralok Complex, |
|
Type of charge |
Immovable property Book debts Movable property (not being pledge) Floating charge Others Fixed Assets and Current Assets |
|
Particular of charge holder |
State Bank of Smeccc Branch, Zonal Office, The Mall, |
|
Nature of description of the instrument creating or modifying the
charge |
(i) Letter of Arrangement (ii) Agreement of Loan cum Hypothecation (iii) Letter of confirmation for creation of mortgage by deposit of
title deeds (iv) Memorandum for recording creation of mortgage by deposit of title
deeds |
|
Date of instrument Creating the charge |
12.03.2011 |
|
Amount secured by the charge |
Rs.100.825 millions |
|
Brief particulars of the principal terms an conditions and extent and
operation of the charge |
Rate of interest WC-Intt. @ 6.75% margin above the BR which is presently 8.25% p.a.
present effective rate 15% p.a. TL- Intt.@ 7.25% margin above the BR which is presently 8.25% p.a.
present effective rate 15.50% p.a. Terms of repayment Working Capital- Repayable on Demand. Margin 25 percent on Raw materials Imported 25 percent on Raw materials Indigenous 25 percent on Semi Finished Goods 25 percent on Finished Goods 40 percent on Domestic Receivables 25 percent on Letter of Credit 25 percent on Bank Guarantee Extent and operation of the charge The Company's properties are Hypothecated and mortgaged to secure
credit facilities aggregating to Rs.100.825 millions granted by the Bank to
the Borrowers:- 1-FBWC* Rs.70.000
millions Sub limit CC(BD)*Rs.(20.000) millions 2- MTL Rs.0.825
million 3- LC **
Rs.10.000 millions (Import and Inland) 4- BG**
Rs.20.000 millions Total Rs.100.825 millions * 100% I/c from CC(BD) to CC(Stocks) ** 100% I/c from LC limit to BG limit |
|
Short particulars of the property charged |
·
Primary Security:- Hypothecation of stock of raw materials,
stock in process, finished goods, stores and spares. Hypothecation of Book Debts. First charge on entire net block of the
company. ·
Hypothecation of raw materials imported against
FLC. Cash margin against Letter of Credit and
Bank Guarantee in the term of STDR worth Rs.7.500 millions. ·
Collateral Security:- Equitable mortgage of factory land and
building at B-29 and B-30, Industrial Area, Malwan, District Fatehpur.
Admeasuring 14771 square meters in the name of ·
M/s A.R. Polymers Private Limited. 2- Equitable mortgage of property land and
building at part of Plot No. 74, known as House No. 77/78-A, Situated at
Gandhi Gram, ·
in the name of Shri. R.K. Khandelwal. 3- Equitable mortgage of Flat No. 105,
First Floor 26/72D, Chandra Lok Complex, ·
M/s A. R. Polymers Private Limited. 4- Corporate Guarantee M/s M K U Private
Limited. |
FIXED ASSETS
·
Land
·
Buildings
o
Office
o
Factory
·
Plant and Machinery
o
Weightment Scale
o
Office Equipment
o
Dying Machine
o
Air Conditioner
o
Generator
o
Heating and Chilling
Equipment
o
Machinery
o
Lab Equipment
o
Fire Equipment
o
Electrical Equipment
o
Tools and Equipment
·
Furniture and Fixtures
o
Vehicles
o
Truck
o
Motor Car
o
Scooter
o
Motor Cycle
·
Computer
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.48.82 |
|
|
1 |
Rs.75.48 |
|
Euro |
1 |
Rs.66.10 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.