1. Summary Information
|
|
|
Country |
|
|
Company Name |
LION PICTURE AND FRAMES ( |
Principal Name 1 |
Mr. |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Manish Gourisaria |
|
|
|
Registration # |
21-087700 |
|
Street Address |
1, B K Paul Avenue, P.S. Jora Bagan,
Kolkata – 700005, West Bengal, India |
||
|
Established Date |
10.08.1998 |
SIC Code |
-- |
|
Telephone# |
91-33-22716301 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-33-22180586 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Framed Pictures |
|
|
# of employees |
Not Available |
Product Name 2 |
Ready Made frames |
|
Paid up capital |
Rs.6,973,000/- |
Product Name 3 |
Reproduction art Prints |
|
Shareholders |
Bodies corporate - 37.14% Directors or relatives of director - 62.86 |
Banking |
Indian
Overseas Bank |
|
Public Limited Corp. |
NO |
Business Period |
14 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Group
Companies |
-- |
Hitaishi Kreativ Kraft Udyog |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
30,651,000 |
Current Liabilities |
25,776,000 |
|
Inventories |
29,013,000 |
Long-term Liabilities |
17,356,000 |
|
Fixed Assets |
3,565,000 |
Other Liabilities |
724,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
43,856,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
12,400,000 |
|
|
|
Net Worth |
19,373,000 |
|
Total Assets |
63,229,000 |
Total Liab. & Equity |
63,229,000 |
|
Total Assets (Previous Year) |
51,997,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
79,437,000 |
Net Profit |
978,000 |
|
Sales(Previous yr) |
64,780,000 |
Net Profit(Prev.yr) |
740,000 |
|
Your Ref. No.: |
135-103676-05-020(20120320355) |
|
Report No. : |
174178 |
|
Report Date : |
05.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
LION PICTURE AND
FRAMES ( |
|
|
|
|
Registered Office : |
1, B K Paul
Avenue, P.S. Jora Bagan, Kolkata – 700005, West Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
10.08.1998 |
|
|
|
|
Com. Reg. No.: |
21-087700 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs.6.973 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U51909WB1998PLC087700 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
CALL00953B |
|
|
|
|
Legal Form : |
Closely Held
Public Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of Frames, Trading of Moulding, Machines for Making
Frames, Laminating and Prints. |
|
|
|
|
No. of employees : |
Not Available |
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 77000 |
|
|
|
|
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
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 : |
|
|
Tel. No.: |
91-33-22716301 /
22695550 |
|
Fax No.: |
91-33-22180586 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
800 Sq. ft |
|
Location : |
Rented |
|
|
|
|
Head Office : |
200, |
|
Tel. No.: |
91-33-25218162 / 25218236 |
|
Fax No.: |
91-33-25217551 |
|
E-Mail : |
|
|
E-Mail : |
|
|
Area : |
2250 Sq. ft. |
|
Location : |
Rented |
|
|
|
|
Branch Office : |
Located at · New Delhi · Mumbai · Chennai · Bangalore · Hyderabad |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. |
|
Designation : |
Director |
|
Address : |
1, |
|
Date of Birth/Age : |
11.01.1950 |
|
Qualification : |
B.E. |
|
Date of Appointment : |
10.08.1998 |
|
Din No.: |
00737520 |
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 |
U20299WB1988PLC044775 |
HITAISHI
KREATIV KRAFT UDYOG PRIVATE LIMITED |
Director |
12-07-88 |
12-07-88 |
10-01-11 |
Active |
NO |
|
2 |
U74994WB1998PTC086244 |
HITAISHI
CREATIVE ENTERPRISES PRIVATE LIMITED |
Director |
01-01-98 |
01-01-98 |
- |
Active |
NO |
|
3 |
U51909WB1998PLC087700 |
LION
PICTURE AND FRAMES (INDIA) LIMITED |
Director |
10-08-98 |
10-08-98 |
- |
Active |
NO |
|
4 |
U99999DL2001PLC110396 |
INDIA
EXPOSITION MART PRIVATE LIMITED |
Director |
12-04-01 |
12-04-01 |
30-09-08 |
Active |
NO |
|
5 |
U20299DL1986NPL023253 |
EXPORT
PROMOTION COUNCIL FOR HANDICRAFTS |
Director |
23-09-11 |
27-09-03 |
- |
Active |
NO |
|
6 |
U29299WB2008PTC122949 |
MARUICHI
TOOLS (INDIA) PRIVATE LIMITED |
Director |
22-02-08 |
22-02-08 |
- |
Active |
NO |
|
7 |
U74999WB2009PTC137879 |
HITAISHI
KK MANUFACTURING COMPANY PRIVATE LIMITED |
Director |
20-08-09 |
20-08-09 |
- |
Active |
NO |
|
Name : |
Mr. Manish
Gourisaria |
|
Designation : |
Director |
|
Address : |
Ragunathpur (East), |
|
Date of Birth/Age : |
23.11.1972 |
|
Date of Appointment : |
10.08.1998 |
|
Din No.: |
00746020 |
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 |
U51909WB1998PLC087700 |
LION
PICTURE AND FRAMES (INDIA) LIMITED |
Director |
10-08-98 |
10-08-98 |
- |
Active |
NO |
|
2 |
U20299WB2005PTC101787 |
SHREE
HANSH DECORATIVE PRIVATE LIMITED |
Director |
18-02-05 |
18-02-05 |
29-05-08 |
Active |
NO |
|
Name : |
Mr. Rajendra
Prahladka |
|
Designation : |
Director |
|
Address : |
1, |
|
Date of Birth/Age : |
02.04.1958 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
22.05.2001 |
|
Din No.: |
01327738 |
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 |
U45207WB1981PTC033286 |
S R
PROJECTS INDIA PRIVATE LIMITED |
Director |
01-09-88 |
01-09-88 |
- |
Active |
|
|
2 |
U51909WB1998PLC087700 |
LION
PICTURE AND FRAMES (INDIA) LIMITED |
Director |
22-05-01 |
22-05-01 |
- |
Active |
NO |
|
3 |
U29130WB1994PTC061843 |
GJK
SHELLEX (INDIA) PRIVATE LIMITED |
Director |
15-03-03 |
15-03-03 |
- |
Active |
NO |
|
Name : |
Mr. Krishnakant
Ruia |
|
Designation : |
Director |
|
Address : |
B-301, Ruia Apartments,
Bhadarmal Ruia Marg, Malad (East), Mumbai-400097, |
|
Date of Birth/Age : |
19.02.1947 |
|
Date of Appointment : |
25.06.2009 |
|
Din No.: |
02674784 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Prahladka Prakash |
|
85700 |
|
Prahladka Rajendra |
|
182000 |
|
Gourisaria Kumar Manish |
|
100 |
|
Prahladka Prakash Chandra |
|
45000 |
|
Hitaishi Kreativ Kraft Udyog Limited, India |
|
259000 |
|
Prahladka Alka |
|
60000 |
|
Prahladka Urmila |
|
50100 |
|
Prahladka Devi Manju |
|
100 |
|
Jhunjhunwala Kumar Pradeep |
|
100 |
|
Jhunjhunwala Kanak |
|
100 |
|
Prahladka Devi Shanti |
|
100 |
|
Sureka Kumar Debendra |
|
15000 |
|
Total |
|
697300 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category
of Shareholders |
|
Percentage of Holding |
|
Bodies corporate |
|
37.14 |
|
Directors or
relatives of director |
|
62.86 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Frames, Trading of Moulding, Machines for Making
Frames, Laminating and Prints. |
|
|
|
|
Products : |
|
PRODUCTION STATUS
As on 31.03.2011
|
Particulars |
Actual
Production |
|
|
|
|
Photo Frames |
111907 |
GENERAL INFORMATION
|
No. of Employees : |
Not
Available |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· HDFC Bank Limited, BA-3, Salt Lake, Sector I, Kolkata – 700 064, West Bengal, India · Indian Overseas Bank, Salt Lake City Branch, Block EA, Sector I, Salt Lake, Kolkata – 700, 064, West Bengal, India · HDFC Bank · ICICI Bank Limited · India Bulls Bank · Kotak Mahindra Bank · Standard Chartered Bank |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
Secured Loans :
Unsecured Loans :
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial
Institutions : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Lihala and Company Chartered
Accountants |
|
Address : |
11, Crooked Lane,
Kolkata – 700069, West |
|
Tel. No.: |
91-033-22435095 / 22487109 |
|
Email : |
|
|
PAN No.: |
AAAFL8367M |
|
|
|
|
Group Companies : |
|
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
750000 |
Equity Shares |
Rs.10/- each |
Rs.7.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
697300 |
Equity Shares |
Rs.10/- each |
Rs.6.973 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
6.973 |
6.973 |
6.973 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
12.400 |
11.422 |
10.682 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
19.373 |
18.395 |
17.655 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
15.287 |
9.114 |
10.057 |
|
|
2] Unsecured Loans |
2.069 |
3.314 |
5.181 |
|
|
TOTAL BORROWING |
17.356 |
12.428 |
15.238 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
36.729 |
30.824 |
32.893 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.565 |
2.570 |
2.708 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
1.047 |
1.047 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
29.013
|
22.733
|
17.538
|
|
|
Sundry Debtors |
17.096
|
13.378
|
17.610
|
|
|
Cash & Bank Balances |
7.187
|
5.008
|
1.556
|
|
|
Other Current Assets |
0.492
|
0.596
|
0.000
|
|
|
Loans & Advances |
5.876
|
6.665
|
6.476
|
|
Total
Current Assets |
59.664
|
48.380
|
43.180
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
21.766
|
18.372
|
12.000
|
|
|
Current Liabilities |
4.010
|
1.788
|
0.926
|
|
|
Provisions |
0.724
|
1.013
|
1.116
|
|
Total
Current Liabilities |
26.500
|
21.173
|
14.042
|
|
|
Net Current Assets |
33.164
|
27.207
|
29.138
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
36.729 |
30.824 |
32.893 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
79.437 |
64.780 |
51.480 |
|
|
|
Other Income |
1.204 |
0.875 |
0.847 |
|
|
|
TOTAL (A) |
80.641 |
65.655 |
52.327 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
55.443 |
46.746 |
34.834 |
|
|
|
Trading and
Manufacturing Expenses |
5.697 |
4.892 |
3.323 |
|
|
|
Administrative Expenses |
22.257 |
16.088 |
11.233 |
|
|
|
Increase/(Decrease) in Finished Goods |
(6.281) |
(5.492) |
(0.641) |
|
|
|
TOTAL (B) |
77.116 |
62.234 |
48.749 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3.525 |
3.421 |
3.578 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.402 |
1.734 |
2.064 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.123 |
1.687 |
1.514 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.655 |
0.627 |
0.677 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.468 |
1.060 |
0.837 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.490 |
0.320 |
0.242 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.978 |
0.740 |
0.595 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2.872 |
2.131 |
1.536 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
3.850 |
2.872 |
2.131 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
8.437 |
7.688 |
6.671 |
|
|
TOTAL IMPORTS |
8.437 |
7.688 |
6.671 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.40 |
1.06 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.21
|
1.13
|
1.14
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.85
|
1.64
|
1.63
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.32
|
2.08
|
1.82
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.06
|
0.05
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.36
|
2.15
|
1.66
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.25
|
2.28
|
3.08
|
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS:
The company achieved sales of Rs.79.436 Millions (Last year Rs.64.780
Millions)
|
Corporate
identity number of the company |
U51909WB1998PLC087700 |
|
Name of the
company |
LION PICTURE
& FRAMES ( |
|
Address of the registered
office or of the principal place of
business in |
1, B K Paul
Avenue, P.S. Jora Bagan, Kolkata – 700005, West Bengal, India E-mail id : accounthkk@gmail.com |
|
This form is for |
Modification of
charge |
|
Charge
identification (ID) number of the charge to be modified |
80027377 |
|
Type of charge |
Book Debts Movable Property Floating Charge |
|
Particular of
charge holder |
Indian Overseas Bank,
Salt Lake City Branch, Salt Lake City Branch, Kolkata – 700064, West Bengal,
India E-mail : adv@calnsco.iobnet.co.in |
|
Nature of
instrument creating charge |
F 107A (Letter of
Hypothecation for Book Debts). F 110A (Letter of
Hypothecation). F 110E (Letter of
Hypothecation for securing Machineries/ Vehicles/ Goods/ Book Debts). |
|
Date of
instrument Creating the charge |
03.01.2012 |
|
Amount secured by
the charge |
Rs.31.300
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest: Cash Credit: Base
Rate + 2.75% i.e. 13.50% p.a. (presently), at monthly rests. Term loan I and
II: base Rate + 3.00% i.e. 13.75% (presently) at monthly rests. Terms of Repayment: Cash Credit: On
demand The term Loan I
is to be repaid in 60 monthly installments of Rs.0.070 Million each
commencing from 30.04.2012 and Term Loan II is to be repaid in 60 monthly
installments of Rs,0.035 million each commencing from 30.04.2012. Interest
will be serviced as and when debited. Margin: Cash Credit: 25%
on Stock and 40% on Book Debts. Term Loan I and
II: 25% Extent and Operation of the charge: The Charge
extends on the entire Current and Fixed Assets of the company and operates
till the limits mentioned herein are satisfied in full. |
|
Short particulars
of the property charged |
1) First
Hypothecation Charge on entire Current Assets, including Stocks and Book
Debts of the company, both present and future. 2) First
Hypothecation Charge on entire Movable Fixed Assets of the company, both
present and future. |
|
Date of
instrument modifying the charge |
03.09.2011 |
|
Particulars of
the present modification |
By this modification
the overall limit stands modified and enhanced from Rs.20.000 Millions to
Rs.31.300 Millions with details as hereinbelow :- Cash Credit:
Rs.25.000 Millions (enhanced from Rs.17.00 Millions). Adhoc CC: NIL (
Reduced from Rs.2.500 Millions) Term Loan I:
Rs.4.200 Millions (Fresh) Term Loan II:
Rs.2.100 Millions (Fresh) Overall Limit:
Rs.31.300 Millions (enhanced from Rs. 20.000 Millions). |
FIXED ASSETS:
Website Details:
Subject was formed
in 1998 under the leadership of Mr. O.P. Prahladka, Mr. Vic Faulkner and Mr.
Manish Gourisaria who work as a catalyst in the rapid growth of Photo and
Picture Framing Industry in India.
Subject is the
largest primary source in India for all the Equipments, Machines, Mouldings.
Hardwares, Art Prints and accessories necessary to produced not only photo
frames but also framed pictures, mirror frames etc.
Operating from
branches in Kolkata, New Delhi, Mumbai, and Bangalore, the company stocks all
the major equipments and machines, wood and synthetic mouldings , mount board,
hardwares and accessories required by the industry.
The company also
stocks wide selection of art prints and hand paintings. Subject has
professional sales and service personnel available to address any of the
client’s technical and commercial issues. The company also provides in house or
onsite technical training to the customers.
Subject has always
worked on the philosophy of having everything available from stock and
committed to ship out orders within 48 hours of receipt. They offer cash and
carry service.
The company has
further plans to open other branches in India in due course. However, having
global alliances with most European and American companies, they are in a
position to offer sub distributor agencies to those people who are able to
comply with Subject philosophy.
Subject is very
keen and constantly making efforts to upgrade Indian framing industry as per
the European Standards.
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.51.05 |
|
|
1 |
Rs.81.09 |
|
Euro |
1 |
Rs.67.39 |
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 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
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.