|
Report Date : |
10.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
ADITYA BIRLA CUSTOMER SERVICES PRIVATE LIMITED |
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Registered
Office : |
Aditya Birla Centre, S. K. Ahire Marg, Worli, Mumbai – 400030, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
11.09.2008 |
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Com. Reg. No.: |
11-186669 |
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Capital Investment
/ Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U93000MH2008PTC186669 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA34226D |
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PAN No.: [Permanent Account No.] |
AAHCA3055B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The main object the Company is to provide all kinds of financial
services including, but not limited to customer interaction, management services
and consultancy services. |
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No. of Employees
: |
Not divulged by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Yet to commence business |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a Aditya Birla Group Company. Though the company
incorporated in 2008. The company is yet to commence its commercial
operation. Payments are unknown. The company can be considered for business dealings with some
caution. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
INFORMATION DECLINED BY
Management Non Co-operative.
Tel No.: 91-22-43567400/ 66525000
LOCATIONS
|
Registered Office : |
Aditya Birla Centre, S. K. Ahire Marg, Worli, Mumbai – 400030,
Maharashtra, India |
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Tel. No.: |
91-22-43567225 |
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Fax No.: |
91-22-43567266 |
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E-Mail : |
DIRECTORS
(AS ON 23.09.2011)
|
Name : |
Mr. Anil Chirania |
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Designation : |
Director |
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Address : |
Flat No.2-C, Narayani Mansion, 2nd Floor, 100 S N Roy Road,
Kolkata – 700038, West Bengal, India |
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Date of Birth/Age : |
19.12.1969 |
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Date of Appointment : |
11.09.2008 |
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DIN No.: |
01082719 |
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Name : |
Mr. Shriram Jagetiya |
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Designation : |
Director |
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Address : |
302, Prathmesh Pooja TPS Road, Near Shimpoli Ganapati Temple, Borivali
(West), Mumbai – 400092, Maharashtra, India |
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Date of Birth/Age : |
21.04.1969 |
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Date of Appointment : |
11.09.2008 |
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DIN No.: |
01638250 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 23.09.2011)
|
Names of Shareholders |
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No. of Shares |
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Aditya Birla Financial Services Private Limited, India |
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9000 |
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Shriram Jagetiya Jointly with ABFSPL |
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1000 |
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Total |
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10000 |
(AS ON 30.09.2011)
Equity Shares Break – up
|
Category |
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Percentage |
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Bodies corporate |
|
100.00 |
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Total
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100.00 |
BUSINESS DETAILS
|
Line of Business : |
The main object the Company is to provide all kinds of financial
services including, but not limited to customer interaction, management
services and consultancy services. |
GENERAL INFORMATION
|
No. of Employees : |
Not divulged by the management. |
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Bankers : |
Not Available |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
S. V. Ghatalia and Associates Chartered Accountant |
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Address : |
Express Tower, Nariman Point, Mumbai – 400021, Maharashtra, India |
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PAN No.: |
AACFS6921Q |
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Holding Company : |
· Aditya Birla Financial Services Private Limited, India CIN No.: U67120GJ2007PTC058890 |
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Ultimate Holding Company : |
· Aditya Birla Nuvo Limited CIN No.: L17199GJ1956PLC001107 |
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Fellow Subsidiaries : |
· Aditya Birla Finance Limited (formerly Birla Global Finance Company Limited) CIN No.: U65990GJ1991PLC064603 |
CAPITAL STRUCTURE
(AS ON 23.09.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
10000 |
Equity Share |
Rs.10/- each |
Rs.0.100 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
10000 |
Equity Share |
Rs.10/- each |
Rs.0.100 Million |
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NOTE:
(Out of the above 10,000 shares are held by
the holding company i.e. (Aditya Birla Financial Services Private Limited)
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 |
0.100 |
0.100 |
0.100 |
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|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
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|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(14.883) |
(2.689) |
(0.344) |
|
|
NETWORTH |
(14.783) |
(2.589) |
(0.244) |
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|
LOAN FUNDS |
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|
|
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|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
78.082 |
2.590 |
0.100 |
|
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TOTAL BORROWING |
78.082 |
2.590 |
0.100 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
|
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TOTAL |
63.299 |
0.001 |
(0.144) |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.080 |
0.000 |
0.000 |
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Capital work-in-progress |
62.045 |
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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|
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Inventories |
0.000 |
0.000 |
0.000 |
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Sundry Debtors |
0.000 |
0.000 |
0.000 |
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Cash & Bank Balances |
3.887
|
0.014 |
0.049 |
|
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
1.048
|
0.000 |
0.000 |
|
Total
Current Assets |
4.935
|
0.014 |
0.049 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
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Sundry Creditor |
0.057
|
0.013 |
0.160 |
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Other Current Liabilities |
3.118
|
0.000 |
0.033 |
|
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Provisions |
0.586
|
0.000 |
0.000 |
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Total
Current Liabilities |
3.761
|
0.013 |
0.193 |
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Net Current Assets |
1.174
|
0.001 |
(0.144) |
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|
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
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|
TOTAL |
63.299 |
0.001 |
(0.144) |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
|
|
|
|
|
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Income from Operations |
0.000 |
0.000 |
0.000 |
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Other Income |
0.000 |
0.000 |
0.000 |
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|
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TOTAL (A) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
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Less |
EXPENSES |
|
|
|
|
|
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Personnel Cost |
8.878 |
0.000 |
0.000 |
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|
Administrative and Other Expenses |
1.542 |
2.333 |
0.344 |
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|
|
TOTAL (B) |
10.420 |
2.333 |
0.344 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(10.420) |
(2.333) |
(0.344) |
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Less |
FINANCIAL
EXPENSES (D) |
1.770 |
0.012 |
0.000 |
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|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
(12.190) |
(2.345) |
(0.344) |
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|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.003 |
0.000 |
0.000 |
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PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(12.193) |
(2.345) |
(0.344) |
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Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
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PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(12.193) |
(2.345) |
(0.344) |
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Add |
Balance
Carried forward from the previous year |
(2.689) |
(0.344) |
0.000 |
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BALANCE CARRIED
FORWARD TO THE B/S |
(14.882) |
(2.689) |
(0.344) |
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Earnings/ (Loss)
Per Share (Rs.) |
(1219.32) |
(234.48) |
(57.55)
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(243.13)
|
(6750.00) |
(702.04) |
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Return on Investment (ROI) (PBT/Networth) |
|
0.82
|
0.91 |
1.41 |
|
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Debt Equity Ratio (Total Liability/Networth) |
|
(5.54)
|
(1.01) |
(1.20) |
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|
|
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|
Current Ratio (Current Asset/Current Liability) |
|
1.31
|
1.08 |
0.25 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
(Rs. In Millions) |
||
|
Sundry Creditors |
|
|
|
|
- Creditors due small micro
enterprises |
0.000 |
0.000 |
0.000 |
|
- Creditors due others |
0.057 |
0.013 |
0.160 |
|
|
|
|
|
|
Total |
0.057
|
0.013 |
0.160 |
|
Check list by info
Agents |
Available in Report (Yes/ No) |
|
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Year of Establishment |
Yes |
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Locality of the Firm |
Yes |
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Constitution of the Firm |
Yes |
|
Premises details |
No |
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Type of Business |
Yes |
|
Line of Business |
Yes |
|
Promoter’s Background |
Yes |
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No. of Employees |
No |
|
Name of Person Contacted |
No |
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Designation of Contact person |
No |
|
Turnover of Firm for last three years |
Yes |
|
Profitability for last three years |
Yes |
|
Reasons for variation <> 20% |
----- |
|
Estimation for coming financial year |
No |
|
Capital in the business |
Yes |
|
Details of sister concerns |
Yes |
|
Major Suppliers |
No |
|
Major Customers |
No |
|
Payments Terms |
No |
|
Export/ Imports Details (If applicable) |
No |
|
Market Information |
----- |
|
Litigations that the firm/ Promoters Involved in |
----- |
|
Banking details |
No |
|
Banking Facility Details |
No |
|
Conduct of the Banking Account |
----- |
|
Buyer visit details |
----- |
|
Financials, if provided |
Yes |
|
Incorporation details is applicable |
Yes |
|
Last Accounts filed at ROC |
Yes |
|
Major Shareholders, if available |
Yes |
BUSINESS OPERATIONS
The company has not yet started its business operations.
The directors are hopeful that the business operations will be started in the
current financial year.
BACKGROUND
The Company as
incorporated on September 11, 2008, under the provisions of Companies Act,
1956. The main object the Company is to provide all kinds of financial services
including, but not limited to customer interaction, management services and
consultancy services. The Company has incurred loss during the Financial Year.
The accumulated loss primarily reflects the start-up costs associated with the
commencement of the business of the Company. During the current financial year,
the Company has not yet commenced its operations. Further, the Company's
holding company, viz., Aditya Birla Financial Services Private Limited has
informed the Company of its intention of providing operational and financial
support to the Company to meet its obligations as they fall due and,
accordingly, the financial statements have been prepared on a going concern
basis.
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 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.51.28 |
|
|
1 |
Rs.81.38 |
|
Euro |
1 |
Rs.67.01 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
26 |
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.