MIRA
INFORM REPORT
|
Report Date : |
27.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
BEST AUTO LIMITED |
|
|
|
|
Registered
Office : |
C – 5/21 Safdarjung Development Area, New Delhi-110016 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
02.08.2001 |
|
|
|
|
Com. Reg. No.: |
55-111894 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.20.645 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U3400DL2001PLC111894 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELB05948F |
|
|
|
|
Legal Form : |
A Closely held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and exporters of mechanical control cables, electronic
telecom cables and connectors, cables trays, coaxial cables, compalseting
cables, computer data cables. |
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 176000 |
|
|
|
|
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 |
LOCATIONS
|
Registered Office : |
C-5/21, Safdarjung Development Area, New Delhi-110016, Delhi, India |
|
Tel. No.: |
91-124-4841900 |
|
Fax No.: |
91-124-4841966 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 27.09.2010
|
Name : |
Mr. Surinder Kumar Jain |
|
Designation : |
Director |
|
Address : |
C-5/21, Safdarjung Development Area, New Delhi-110016, Delhi, India. |
|
Date of Appointment : |
02.08.2001 |
|
DIN No : |
00033763 |
Other Directorship:
|
.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 |
U74899DL1984PTC018477 |
Best
Metals Private Limited |
Director |
22/06/1984 |
22/06/1984 |
- |
Active |
NO |
|
2 |
U74899DL1995PLC073100 |
Best
Portfolios Limited |
Director |
11/10/1995 |
11/10/1995 |
- |
Active |
NO |
|
3 |
U34300DL2001PLC111894 |
Best
Auto Limited |
Director |
2/8/2001 |
2/8/2001 |
- |
Active |
NO |
|
4 |
U92199DL2001PTC111898 |
Best
Entertainment Private Limited |
Director |
2/8/2001 |
2/8/2001 |
- |
Active |
NO |
|
5 |
U74899DL1987PTC027839 |
Vivsun
Exports Private Limited |
Director |
24/08/2001 |
24/08/2001 |
- |
Active |
NO |
|
6 |
U51909DL2003PLC119293 |
Best
International Limited |
Director |
28/09/2010 |
6/3/2003 |
- |
Active |
NO |
|
7 |
U74999DL1991PLC046091 |
Madhusudan
Auto Limited |
Managing
director |
1/4/2009 |
14/06/2003 |
- |
Active |
NO |
|
8 |
U74900DL2004PTC130726 |
Best
Technologies Private Limited |
Director |
23/11/2004 |
23/11/2004 |
- |
Active |
NO |
|
9 |
U74900HR2008PTC038654 |
Best
Koki Automotive Private Limited |
Director |
31/12/2008 |
31/12/2008 |
- |
Active |
NO |
|
10 |
U74120HR2008PTC038655 |
Best
Prins Ecotech Private Limited |
Director |
31/12/2008 |
31/12/2008 |
17/09/2010 |
Active |
NO |
|
11 |
U51909WB1995PTC074314 |
Skylark
Commerce Pvt Ltd |
Director |
30/09/2009 |
20/01/2009 |
- |
Active |
NO |
|
12 |
U74140WB2010PTC153553 |
Jiva
International Private Limited |
Director |
28/09/2010 |
28/09/2010 |
- |
Active |
NO |
|
Name : |
Mr.Nitesh Jain |
|
Designation : |
Director |
|
Address : |
C-5/21, Safdarjung Development Area, New Delhi-110016, Delhi, India. |
|
Date of Appointment : |
02.08.2001 |
|
DIN No : |
00033663 |
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 |
U74899DL1995PLC073100 |
Best
Portfolios Limited |
Director |
11/10/1995 |
11/10/1995 |
Active |
NO |
|
2 |
U34300DL2001PLC111894 |
Best
Auto Limited |
Director |
2/8/2001 |
2/8/2001 |
Active |
NO |
|
3 |
U92199DL2001PTC111898 |
Best
Entertainment Private Limited |
Director |
2/8/2001 |
2/8/2001 |
Active |
NO |
|
4 |
U51909DL2003PLC119293 |
Best
International Limited |
Director |
28/09/2010 |
6/3/2003 |
Active |
NO |
|
5 |
U74900DL2004PTC130726 |
Best
Technologies Private Limited |
Managing
director |
23/11/2004 |
23/11/2004 |
Active |
NO |
|
6 |
U74999DL1991PLC046091 |
Madhusudan
Auto Limited |
Managing
director |
1/4/2009 |
1/4/2006 |
Active |
NO |
|
7 |
U74120HR2008PTC038655 |
Best
Prins Ecotech Private Limited |
Director |
31/12/2008 |
31/12/2008 |
Active |
NO |
|
8 |
U74900HR2008PTC038654 |
Best
Koki Automotive Private Limited |
Managing
director |
1/4/2010 |
31/12/2008 |
Active |
NO |
|
9 |
U51909WB1995PTC074314 |
Skylark
Commerce Pvt Ltd |
Director |
30/09/2009 |
20/01/2009 |
Active |
NO |
|
10 |
U74900WB2010PTC153554 |
Brahama
International Private Limited |
Director |
28/09/2010 |
28/09/2010 |
Active |
NO |
|
Name : |
Mr.Nitin Jain |
|
Designation : |
Director |
|
Address : |
C-5/21, Safdarjung Development Area, New Delhi-110016, Delhi, India. |
|
Date of Appointment : |
02.08.2001 |
|
DIN No: |
00033602 |
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 |
U74899DL1995PLC073100 |
Best
Portfolios Limited |
Director |
11/10/1995 |
11/10/1995 |
29/08/2007 |
Active |
NO |
|
2 |
U34300DL2001PLC111894 |
Best
Auto Limited |
Director |
2/8/2001 |
2/8/2001 |
- |
Active |
NO |
|
3 |
U92199DL2001PTC111898 |
Best
Entertainment Private Limited |
Director |
2/8/2001 |
2/8/2001 |
- |
Active |
NO |
|
4 |
U51909DL2003PLC119293 |
Best
International Limited |
Director |
28/09/2010 |
6/3/2003 |
- |
Active |
NO |
|
5 |
U74900DL2004PTC130726 |
Best
Technologies Private Limited |
Director |
23/11/2004 |
23/11/2004 |
- |
Active |
NO |
|
6 |
U74999DL1991PLC046091 |
Madhusudan
Auto Limited |
Managing
director |
1/4/2009 |
27/12/2004 |
- |
Active |
NO |
|
7 |
U74900HR2008PTC038654 |
Best
Koki Automotive Private Limited |
Director |
31/12/2008 |
31/12/2008 |
- |
Active |
NO |
|
8 |
U74120HR2008PTC038655 |
Best
Prins Ecotech Private Limited |
Director |
31/12/2008 |
31/12/2008 |
- |
Active |
NO |
|
9 |
U51909WB1995PTC074314 |
Skylark
Commerce Pvt Ltd |
Director |
30/09/2009 |
2/2/2009 |
- |
Active |
NO |
|
10 |
U51909WB2010PTC153551 |
Sukiran
Enterprises Private Limited |
Director |
28/09/2010 |
28/09/2010 |
- |
Active |
NO |
|
Name : |
Mrs.Kiran Jain |
|
Designation : |
Whole-time Director |
|
Address : |
C-5/21, Safdarjung Development Area, New Delhi-110016, Delhi, India. |
|
Date of Appointment : |
05.04.2010 |
|
DIN No : |
00275565 |
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 |
U74899DL1984PTC018477 |
Best
Metals Private Limited |
Director |
25/06/1984 |
25/06/1984 |
- |
Active |
NO |
|
2 |
U74899DL1995PLC073100 |
Best
Portfolios Limited |
Director |
11/10/1995 |
11/10/1995 |
29/08/2007 |
Active |
NO |
|
3 |
U74899DL1987PTC027839 |
Vivsun
Exports Private Limited |
Director |
24/01/2003 |
24/01/2003 |
30/08/2011 |
Active |
NO |
|
4 |
U51909DL2003PLC119293 |
Best
International Limited |
Director |
13/01/2007 |
13/01/2007 |
- |
Active |
NO |
|
5 |
U74899DL1985PTC021278 |
Axon
Systems Private Ltd. |
Director |
1/5/2007 |
1/5/2007 |
- |
Active |
NO |
|
6 |
U51909DL2008PTC176677 |
Saanya
Enterprises Private Limited |
Director |
11/4/2008 |
11/4/2008 |
- |
Active |
|
|
7 |
U74900DL2008PTC176708 |
Mahira
Enterprises Private Limited |
Director |
12/4/2008 |
12/4/2008 |
- |
Active |
|
|
8 |
U74120DL2008PTC176709 |
Saisha
Impex Private Limited |
Director |
12/4/2008 |
12/4/2008 |
- |
Active |
|
|
9 |
U34300DL2001PLC111894 |
Best
Auto Limited |
Whole-time
director |
27/09/2010 |
5/4/2010 |
- |
Active |
NO |
|
10 |
U74140WB2010PTC153553 |
Jiva
International Private Limited |
Director |
28/09/2010 |
28/09/2010 |
- |
Active |
NO |
|
Name : |
Mrs. Swati Jain |
|
Designation : |
Whole-time Director |
|
Address : |
C-5/21, Safdarjung Development Area, New Delhi-110016, Delhi, India. |
|
Date of Appointment : |
05.04.2010 |
|
DIN No : |
01503043 |
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 |
U74899DL1985PTC021278 |
Axon
Systems Private Ltd. |
Director |
1/5/2007 |
1/5/2007 |
- |
Active |
NO |
|
2 |
U51909DL2003PLC119293 |
Best
International Limited |
Director |
1/5/2007 |
1/5/2007 |
- |
Active |
NO |
|
3 |
U51909DL2008PTC176677 |
Saanya
Enterprises Private Limited |
Director |
11/4/2008 |
11/4/2008 |
- |
Active |
|
|
4 |
U74900DL2008PTC176708 |
Mahira
Enterprises Private Limited |
Director |
12/4/2008 |
12/4/2008 |
- |
Active |
|
|
5 |
U74120DL2008PTC176709 |
Saisha
Impex Private Limited |
Director |
12/4/2008 |
12/4/2008 |
- |
Active |
|
|
6 |
U34300DL2001PLC111894 |
Best
Auto Limited |
Whole-time
director |
27/09/2010 |
5/4/2010 |
- |
Active |
NO |
|
7 |
U74900WB2010PTC153554 |
Brahama
International Private Limited |
Director |
28/09/2010 |
28/09/2010 |
- |
Active |
NO |
|
Name : |
Mrs. Ruchika Jain |
|
Designation : |
Whole-time Director |
|
Address : |
C-5/21, Safdarjung Development Area, New Delhi-110016, Delhi, India. |
|
Date of Appointment : |
05.04.2010 |
|
DIN No : |
01503027 |
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 |
U74899DL1985PTC021278 |
Axon
Systems Private Ltd. |
Director |
1/5/2007 |
1/5/2007 |
- |
Active |
NO |
|
2 |
U51909DL2003PLC119293 |
Best
International Limited |
Director |
1/5/2007 |
1/5/2007 |
- |
Active |
NO |
|
3 |
U51909DL2008PTC176677 |
Saanya
Enterprises Private Limited |
Director |
11/4/2008 |
11/4/2008 |
- |
Active |
|
|
4 |
U74900DL2008PTC176708 |
Mahira
Enterprises Private Limited |
Director |
12/4/2008 |
12/4/2008 |
- |
Active |
|
|
5 |
U74120DL2008PTC176709 |
Saisha
Impex Private Limited |
Director |
12/4/2008 |
12/4/2008 |
- |
Active |
|
|
6 |
U34300DL2001PLC111894 |
Best
Auto Limited |
Whole-time
director |
27/09/2010 |
5/4/2010 |
- |
Active |
NO |
|
7 |
U51909WB2010PTC153551 |
Sukiran
Enterprises Private Limited |
Director |
28/09/2010 |
28/09/2010 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2010
|
Names of Shareholders |
Percentage of
shareholding |
No. of Shares |
|
S. K. Jain |
12.11% |
250000 |
|
Nitesh Jain |
12.11% |
250000 |
|
Nitin Jain |
12.11% |
250000 |
|
Swati Jain |
4.84% |
100000 |
|
Kiran Jain |
12.11% |
250000 |
|
B. L. Jain |
0.01% |
250 |
|
A. K. Jain |
0.01% |
250 |
|
Ruchika Jain |
4.84% |
100000 |
|
Best International Limited, India |
9.69% |
200000 |
|
Skylark Commerce Private Limited, India |
32.17% |
664000 |
|
Total |
100% |
2064500 |
Equity Share
Breakup
AS ON 27.09.2010
|
Category |
Percentage |
|
Bodies corporate |
41.86 |
|
Directors or relatives of Directors |
58.14 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and exporters of mechanical control cables, electronic
telecom cables and connectors, cables trays, coaxial cables, compalseting cables,
computer data cables. |
|||||||||
|
|
|
|||||||||
|
Bankers : |
Not Available |
|||||||||
|
|
|
|||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
L. N. Malik and Company Chartered Accountant |
|
Address : |
18/13, WEA, Ganga Plaza Complex, 4th Floor, Karol Bagh, New
Delhi-110005, Delhi, India. |
|
Tel. No.: |
91-11-28755911/45091872 91-11-45091877 |
|
Fax.: |
91-11-28758178 |
|
PAN No: |
AABFL2166P |
|
SRN of Form 23B: |
Z99999999 |
|
E-Mail : |
|
|
|
|
|
|
|
CAPITAL
STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2064500 |
Equity Shares |
Rs.10/- each |
Rs 20.645
Millions |
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
20.645 |
20.645 |
20.645 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
23.559 |
18.290 |
14.599 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
44.204 |
38.935 |
35.244 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
13.800 |
13.800 |
0.000 |
|
|
TOTAL BORROWING |
13.800 |
13.800 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
2.470 |
2.615 |
1.940 |
|
|
|
|
|
|
|
|
TOTAL |
60.474 |
55.350 |
37.184 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
32.508 |
34.096 |
32.219 |
|
|
Capital work-in-progress |
3.629 |
6.839 |
2.455 |
|
|
|
|
|
|
|
|
INVESTMENT |
21.717 |
21.717 |
8.967 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
2.283
|
1.453 |
1.365 |
|
|
Sundry Debtors |
17.092
|
1.814 |
0.128 |
|
|
Cash & Bank Balances |
(2.988)
|
1.762 |
2.523 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
5.830
|
3.049 |
1.555 |
|
Total
Current Assets |
22.217
|
8.078 |
5.571 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
10.723
|
8.527 |
4.762 |
|
|
Other Current Liabilities |
4.803
|
5.113 |
6.522 |
|
|
Provisions |
4.071
|
1.740 |
0.744 |
|
Total
Current Liabilities |
19.597
|
15.380 |
12.028 |
|
|
Net Current Assets |
2.620
|
(7.302) |
(6.457) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
60.474 |
55.350 |
37.184 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
81.019 |
31.121 |
23.664 |
|
|
|
Other Income |
0.894 |
0.684 |
0.428 |
|
|
|
TOTAL (A) |
81.913 |
31.805 |
24.092 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing Expenses |
73.921 |
24.980 |
18.093 |
|
|
|
Loss on Sale of D.G. Set |
0.400 |
0.000 |
0.000 |
|
|
|
Increase /Decrease in closing stock |
(0.784) |
0.483 |
0.660 |
|
|
|
Preliminary Expenses |
0.000 |
0.000 |
0.029 |
|
|
|
TOTAL (B) |
73.537 |
25.463 |
18.782 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
8.376 |
6.342 |
5.310 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.003 |
0.007 |
0.020 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
8.373 |
6.335 |
5.290 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.182 |
0.966 |
0.812 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
7.191 |
5.369 |
4.478 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
1.921 |
1.678 |
0.854 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
5.270 |
3.691 |
3.624 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
9.330 |
5.639 |
2.015 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
14.600 |
9.330 |
5.639 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.55 |
1.79 |
1.75 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
6.43
|
11.60 |
15.04 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.87
|
17.25 |
0.19 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.14
|
12.73 |
11.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
16.27
|
13.79 |
12.70 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
81.14
|
81.66 |
39.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
113.37
|
52.52 |
46.31 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8
|
Corporate
identity number of the company |
U3400DL2001PLC111894 |
|
Name of the
company |
BEST AUTO LIMITED |
|
Address of the
registered office or of the principal place of business in |
Delhi-Jaipur Highway, 38 Km Stone, Behrampur Road, Vill Khandsa,
Gurgaon-122001, Haryana, India. |
Fixed Assets:
·
Air Conditioner
·
Computer
·
Furniture and Fixture
·
Office Equipment
·
Mobile Phone
·
Motor Car
·
Motor Cycle
·
Telephone
·
Office Premises
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.49.62 |
|
|
1 |
Rs.66.47 |
|
Euro |
1 |
Rs.76.68 |
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 EXPLANATION
|
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.