|
Report Date : |
09.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
MANN INTERNATIONAL INDIA PRIVATE LIMITED |
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Registered Office : |
606, Sector 14, Gurgaon-122001, Haryana |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
13.01.1988 |
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Com. Reg. No.: |
05-030183 |
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Capital Investment / Paid-up Capital : |
Rs.2.471 Millions |
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CIN No.: [Company
Identification No.] |
U74999HR1988PTC030183 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and Exporter of Industrial Projects, Machines, Games and Jewellery. |
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No. of Employees : |
10 (Approximately) (In office + in branch) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 65000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. There appears
a huge dip in the turnover of the company. However, Trade relations are
reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some
cautions. |
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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Ms. Kunjumal |
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Designation : |
Director |
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Contact No.: |
91-124-4082511 |
|
Date : |
07.04.2012 |
LOCATIONS
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Registered Office / Projects Office : |
606, Sector 14, Gurgaon-122001, |
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Tel. No.: |
91-124-4082511 / 2325146 / 4082511 |
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Mobile No.: |
91-9810899936 (Mr. S. S. Mann) |
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Fax No.: |
91-124-2325146 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Branch 1 : |
No. 157, Pocket-3, Sector-12, Dawarka, |
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Branch 2 : |
24, hours permanent site No-2318/G/3, Mann Avenue Rajeev Nagar,
Gurgaon, |
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E-Mail : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Satvir Singh Mann |
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Designation : |
Director |
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Address : |
606, Sector-14, Urben Estate, Gurgaon-122001, |
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Date of Birth/Age : |
29.02.1948 |
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Qualification : |
B. Ds |
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Date of Appointment : |
13.01.1988 |
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DIN No.: |
01165746 |
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Name : |
Mr. Miki Mann |
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Designation : |
Director |
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Address : |
606, Sector-14, Urben Estate, Gurgaon-122001, |
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Date of Birth/Age : |
10.12.1974 |
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Qualification : |
MBA |
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Date of Appointment : |
01.02.2008 |
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DIN No.: |
02038972 |
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Name : |
Ms. Kunjumol John |
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Designation : |
Director |
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Address : |
957, Sector-14, Urben Estate, Gurgaon-122001, |
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Date of Birth/Age : |
15.07.1965 |
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Qualification : |
BBA |
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Date of Appointment : |
23.12.1998 |
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DIN No.: |
02056980 |
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Name : |
Mr. Surender Kaur Mann |
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Designation : |
Director |
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Address : |
606, Sector-14, Urben Estate, Gurgaon-122001, |
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Date of Birth/Age : |
07.09.1950 |
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Qualification : |
BA |
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Date of Appointment : |
13.01.1988 |
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DIN No.: |
02529392 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Miki Mann |
|
3944 |
|
Kunjumol John |
|
1010 |
|
Satvir Singh Mann |
|
17300 |
|
Surender Kaur Mann |
|
2460 |
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Total |
|
24714 |
AS ON 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Industrial Projects, Machines, Games and
Jewellery. |
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Exports : |
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Products : |
Industrial Goods |
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Countries : |
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Imports : |
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Products : |
Raw materials |
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Countries : |
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Terms : |
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Selling : |
L/C |
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Purchasing : |
L/C |
GENERAL INFORMATION
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Customers : |
Wholesalers, Retailers and End Users
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No. of Employees : |
10 (Approximately) (In office + in Branch) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Grover and Grover Associates Chartered Accountants |
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Address : |
B-42, Annene, Old DLF Colony, Gurgaon-122001, Haryana, India |
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Tel. No.: |
91-124-2321321 |
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PAN No.: |
ACSPG7391J |
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Associates/Subsidiaries : |
Judimann International Limited, |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Share |
Rs.100/- Each |
Rs. 10.000 millions |
|
|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
24714 |
Equity Share |
Rs.100/- Each |
Rs.2.471
Millions |
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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 |
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|
|
|
|
1] Share Capital |
2.471 |
2.471 |
2.471 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
13.895 |
13.815 |
13.464 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
16.366 |
16.286 |
15.935 |
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|
LOAN FUNDS |
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|
1] Secured Loans |
0.000 |
0.004 |
1.050 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.000 |
0.004 |
1.050 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
16.366 |
16.290 |
16.985 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
2.800 |
2.800 |
2.921 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.145
|
0.145
|
1.686
|
|
|
Sundry Debtors |
5.187
|
5.854
|
5.186
|
|
|
Cash & Bank Balances |
3.389
|
3.420
|
0.067
|
|
|
Other Current Assets |
0.000
|
0.009
|
0.000
|
|
|
Loans & Advances |
7.753
|
8.407
|
7.507
|
|
Total
Current Assets |
16.474
|
17.835 |
14.446
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.245
|
0.245
|
0.000
|
|
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Other Current Liabilities |
2.592
|
4.029
|
0.362
|
|
|
Provisions |
0.071
|
0.071
|
0.020
|
|
Total
Current Liabilities |
2.908
|
4.345 |
0.382
|
|
|
Net Current Assets |
13.566
|
13.490 |
14.064
|
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
16.366 |
16.290 |
16.985 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sales Turnover |
0.781 |
22.854 |
0.635 |
|
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|
|
|
Profit/(Loss) After Tax |
0.080 |
0.351 |
0.009 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.18 |
1.76 |
0.08 |
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Current Ratio (Current Asset/Current Liability) |
|
5.67 |
4.10 |
37.82 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
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3) Constitutions of the firm |
Yes |
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4) Premises details |
Yes |
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5) Type of Business |
Yes |
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6) Line of Business• |
Yes |
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7) Promoter’s background |
Yes |
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8) No. of employees |
Yes |
|
9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
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15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
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17) Major suppliers |
No |
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18) Major customers |
Yes |
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19) Payments terms |
Yes |
|
20) Export / Import details (if applicable) |
Yes |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
OPERATIONS
1.
That the sales of the year are Rs.0.781Million (Previous year Rs.22.854
Millions) including interest income of Rs. Nil (Previous year Rs.0.033
Million) and duty drawback of Rs. Nil (Pr year Rs.0.186 Million)
2.
That the company has earned a Net Profit of Rs. 0.080 Million (Previous year
Rs. 0.351 Million) after providing Rs. Nil
Tax (Previous year Rs. Nil) which has been transferred
to Reserve and Surplus A/c.
3.
That no dividend is declared in this year
4.
That the Company hopes to improve the sales turnover in the next year of Rs.
60.000 Millions as company has adequate orders in hand.
5.
That the Profit and Loss Account and
Balance Sheet as on 31.03.2011 are submitted to the members and the directors of
the company for their Board's approval.
Note:
Registered Office
of the company has been shifted from 5/1, Udyog Vihar, Gurgaon,
Bankers Charges
Report as per Registry
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U74999HR1988PTC030183 |
|
Name of the
company |
MANN INTERNATIONAL INDIA PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
606, Sector 14, Gurgaon-122001, |
|
Type of charge |
Book Debts Movable Property |
|
Particular of
charge holder |
Bank of India, Parliament Street Branch, 4, PTI Building, Parliament
Street, New Delhi-110001, Delhi, India Email ID: gupta1010@hotmail.com
|
|
Nature of
description of the instrument creating or modifying the charge |
Agreement of
hypothecation of plant and machinery, stocks and book debts |
|
Date of
instrument Creating the charge |
11.04.2009 |
|
Amount secured by
the charge |
Rs. 15.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 1. PLC: for up to
270 days 9.75% for beyond 270 days as per bank rules 2. FBP: 10.50% or
at any other rate at the sole discretion of the bank that may be revised from
time to time 3. LC (I/F)DP/DA
90 days: as per the bank rules 4. BG (I/F): as
per bank rules. Terms of
Repayment On demand Margin As prescribed by
the bank from time to time Extent and
Operation of the charge First charge on all
the movable properties of the company Others The charge is to
secure the following credit facilities granted by the bank to the company 1. PLC: Rs.
15.000 millions 2. FBP: Rs. 5.000
millions Maximum of 1+2
Above : Rs. 15.000 millions 3. LC (I/F)DP/DA
90 days: Rs. 10.000 millions 4. BG (I/F): Rs.
5.000 millions Maximum of
1+2+3+4 : Rs. 15.000 millions |
Fixed Assets
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 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
27 |
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.