MIRA
INFORM REPORT
|
Report Date : |
23.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
BOWREAH JUTE MILLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
56E, Hemanta Basu Sarani, Kolkata – 700001, West Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
24.09.2008 |
|
|
|
|
Com. Reg. No.: |
129580 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.37.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909WB2008PTC129580 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALB10667G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Jute Goods |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 535532 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. The
company is progressing well. 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 for small to mediocre 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) |
|
India |
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 : |
56E, Hemanta Basu Sarani, Kolkata – 700001, West Bengal, India |
|
E-Mail : |
NOTE: Telephone Numbers are not available.
DIRECTORS
AS ON 29.09.2011
|
Name : |
Mr. Ram Niwas Chirimar |
|
Designation : |
Director |
|
Address : |
8/1, Chapel Road, Kolkata – 700022, West Bengal, India |
|
Date of Birth/Age : |
02.04.1941 |
|
Date of Appointment : |
24.09.2008 |
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 |
U17294WB1965PTC026572 |
KEMI FIBRE INDUSTRIES PVT
LTD |
Director |
16/08/1965 |
16/08/1965 |
- |
Active |
NO |
|
2 |
U01132WB1946PLC013314 |
MODERN CONVERTORS LTD |
Director |
06/10/1967 |
06/10/1967 |
- |
Active |
NO |
|
3 |
U26109WB1946PTC014043 |
VICTORIA GLASS WORKS PVT
LTD |
Director |
16/12/1978 |
16/12/1978 |
20/02/2010 |
Active |
NO |
|
4 |
U92112WB1959PLC024421 |
ANANDAM LTD |
Director |
19/01/1979 |
19/01/1979 |
20/02/2010 |
Active |
NO |
|
5 |
U51109WB1960PLC007383 |
J & R HUTCHISON LTD |
Director |
25/01/1979 |
25/01/1979 |
20/02/2010 |
Active |
NO |
|
6 |
U70109WB1953PTC020940 |
ARUN PROPERTIES PVT LTD |
Director |
13/06/1985 |
13/06/1985 |
20/02/2010 |
Active |
NO |
|
7 |
U17111WB1913PLC002403 |
THE HOOGHLY MILLS CO LTD |
Director |
07/06/1988 |
07/06/1988 |
09/01/2009 |
Active |
NO |
|
8 |
U51491WB1950PTC019268 |
GYANIRAM & SONS PVT
LTD |
Additional director |
14/11/2011 |
16/03/1997 |
- |
Active |
NO |
|
9 |
U45202WB1936PLC008796 |
DARJEELING ROPEWAY CO LTD |
Director |
14/08/1999 |
14/08/1999 |
- |
Active |
NO |
|
10 |
U51395WB1932PTC007265 |
RADIO SUPPLY STORES PVT
LTD |
Director |
01/11/1999 |
01/11/1999 |
- |
Active |
NO |
|
11 |
U51909WB2008PTC129580 |
BOWREAH JUTE MILLS PRIVATE
LIMITED |
Director |
24/09/2008 |
24/09/2008 |
- |
Active |
NO |
|
12 |
U51109WB2007PTC119570 |
BRIJDHAM TRADELINKS
PRIVATE LIMITED |
Director |
12/03/2010 |
12/03/2010 |
- |
Active |
NO |
|
Name : |
Mr. Bhagwan Das Gupta |
|
Designation : |
Director |
|
Address : |
6, Burdwan Road, Kolkata – 700022, West Bengal, India |
|
Date of Birth/Age : |
15.01.1949 |
|
Date of Appointment : |
05.03.2008 |
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 |
U51109WB1960PLC007383 |
J & R HUTCHISON LTD |
Director |
13/06/1985 |
13/06/1985 |
20/02/2010 |
Active |
NO |
|
2 |
U70101WB1988PTC045762 |
VAIDEHI PROPERTIES PVT LTD
|
Director |
16/12/1988 |
16/12/1988 |
- |
Active |
NO |
|
3 |
U51109WB1980PLC032607 |
VIJAI SHREE LTD |
Director |
16/09/2002 |
16/09/2002 |
- |
Active |
NO |
|
4 |
U63022WB1994PTC063874 |
TUTUL ICE PLANT PVT. LTD. |
Director |
03/01/2007 |
03/01/2007 |
- |
Amalgamated |
NO |
|
5 |
U27201WB2005PTC137643 |
MANAS METALS PRIVATE
LIMITED |
Director |
20/04/2007 |
20/04/2007 |
- |
Active |
NO |
|
6 |
U01111WB2008PTC123046 |
WISE AGRO PRODUCTS PRIVATE
LIMITED |
Director |
25/02/2008 |
25/02/2008 |
- |
Active |
NO |
|
7 |
U01403WB2008PTC123037 |
NAYAGARH AGRICULTURE
PRIVATE LIMITED |
Director |
25/02/2008 |
25/02/2008 |
- |
Active |
NO |
|
8 |
U45400WB2008PTC122010 |
HOOGHLY INFRASTRUCTURE
PRIVATE LIMITED |
Director |
29/09/2009 |
05/03/2008 |
- |
Active |
NO |
|
9 |
U01111WB2008PTC123959 |
DASPALLA AGRO PRIVATE
LIMITED |
Director |
10/03/2008 |
10/03/2008 |
- |
Active |
NO |
|
10 |
U01111WB2008PTC123957 |
BHAPUR AGRO PRIVATE
LIMITED |
Director |
10/03/2008 |
10/03/2008 |
- |
Active |
NO |
|
11 |
U01111WB2008PTC124235 |
KANTILO AGRO PRIVATE
LIMITED |
Director |
18/03/2008 |
18/03/2008 |
- |
Active |
NO |
|
12 |
U01111WB2008PTC124233 |
BAUDH AGRO PRIVATE LIMITED
|
Director |
18/03/2008 |
18/03/2008 |
- |
Active |
NO |
|
13 |
U01403WB2008PTC124576 |
ANGUL AGRO PRIVATE LIMITED
|
Director |
28/03/2008 |
28/03/2008 |
- |
Active |
NO |
|
14 |
U01122WB2008PTC124659 |
GANIA AGRO PRIVATE LIMITED
|
Director |
31/03/2008 |
31/03/2008 |
- |
Active |
NO |
|
15 |
U01122WB2008PTC124658 |
KENDUA AGRO PRIVATE
LIMITED |
Director |
31/03/2008 |
31/03/2008 |
- |
Active |
NO |
|
16 |
U01122WB2008PTC124739 |
PHULBANI AGRO PRIVATE
LIMITED |
Director |
03/04/2008 |
03/04/2008 |
- |
Active |
NO |
|
17 |
U01122WB2008PTC124738 |
PADAMPUR AGRO PRIVATE
LIMITED |
Director |
03/04/2008 |
03/04/2008 |
- |
Active |
NO |
|
18 |
U01122WB2008PTC124737 |
MADHAPUR AGRO PRIVATE
LIMITED |
Director |
03/04/2008 |
03/04/2008 |
- |
Active |
NO |
|
19 |
U74999WB2008PTC127103 |
VAIDEHI PALM PRIVATE
LIMITED |
Director |
02/07/2008 |
02/07/2008 |
- |
Active |
NO |
|
20 |
U74999WB2008PTC127296 |
ANGUL OIL PALM PRIVATE
LIMITED |
Director |
08/07/2008 |
08/07/2008 |
- |
Active |
NO |
|
21 |
U01111WB2008PTC128609 |
KANTILO OIL PALM PRIVATE
LIMITED |
Director |
19/08/2008 |
19/08/2008 |
- |
Active |
NO |
|
22 |
U15144WB2008PTC128923 |
DASPALLA OIL PALM PRIVATE
LIMITED |
Director |
29/08/2008 |
29/08/2008 |
- |
Active |
NO |
|
23 |
U51909WB2008PTC129580 |
BOWREAH JUTE MILLS PRIVATE
LIMITED |
Director |
29/09/2009 |
09/01/2009 |
- |
Active |
NO |
|
24 |
U74900WB2009PTC135598 |
GANIA OIL PALM PRIVATE
LIMITED |
Director |
03/06/2009 |
03/06/2009 |
- |
Active |
NO |
|
25 |
U74999WB2009PTC138169 |
RANAPUR AGRO PRIVATE
LIMITED |
Director |
02/09/2009 |
02/09/2009 |
- |
Active |
NO |
|
26 |
U01400WB2010PTC141353 |
POIBADI AGRO PRIVATE
LIMITED |
Director |
25/01/2010 |
25/01/2010 |
- |
Active |
NO |
|
27 |
U01400WB2010PTC141352 |
KUSKA AGRO PRIVATE LIMITED
|
Director |
25/01/2010 |
25/01/2010 |
- |
Active |
NO |
|
28 |
U74900WB2010PTC141706 |
AVISHI PROPERTIES PRIVATE
LIMITED |
Director |
03/02/2010 |
03/02/2010 |
- |
Active |
NO |
|
29 |
U01400WB2010PTC143232 |
SONEPUR AGRO PRIVATE
LIMITED |
Director |
10/03/2010 |
10/03/2010 |
- |
Active |
NO |
|
30 |
U01400WB2010PTC143231 |
SIKO AGRO PRIVATE LIMITED |
Director |
10/03/2010 |
10/03/2010 |
- |
Active |
NO |
|
31 |
U01400WB2010PTC143633 |
CHARICHAK AGRO PRIVATE
LIMITED |
Director |
15/03/2010 |
15/03/2010 |
- |
Active |
NO |
|
32 |
U01400WB2010PTC143990 |
BADALIAPADA AGRO PRIVATE
LIMITED |
Director |
19/03/2010 |
19/03/2010 |
- |
Active |
NO |
|
33 |
U01111WB2010PTC147086 |
MAHIPUR AGRO PRIVATE
LIMITED |
Director |
08/05/2010 |
08/05/2010 |
- |
Active |
NO |
|
34 |
U01403WB2010PTC147859 |
MADHUSUDANPUR AGRICULTURE
PRIVATE LIMITED |
Director |
14/05/2010 |
14/05/2010 |
- |
Active |
NO |
|
35 |
U01403WB2011PTC163096 |
ANLAPATTA AGRO PRIVATE
LIMITED |
Director |
30/05/2011 |
30/05/2011 |
- |
Active |
NO |
|
36 |
U01403WB2011PTC163092 |
BHABPUR AGRO PRIVATE
LIMITED |
Director |
30/05/2011 |
30/05/2011 |
- |
Active |
NO |
|
37 |
U01403WB2011PTC165423 |
BANPUR AGRO PRIVATE
LIMITED |
Director |
27/07/2011 |
27/07/2011 |
- |
Active |
NO |
|
38 |
U01403WB2011PTC165762 |
BAMUNDA AGRO PRIVATE
LIMITED |
Director |
02/08/2011 |
02/08/2011 |
- |
Active |
NO |
|
39 |
U01403WB2011PTC166354 |
KANTAMAL AGRO PRIVATE
LIMITED |
Director |
11/08/2011 |
11/08/2011 |
- |
Active |
NO |
|
40 |
U01403WB2011PTC166373 |
BOLAGARH AGRO PRIVATE
LIMITED |
Director |
12/08/2011 |
12/08/2011 |
- |
Active |
NO |
|
41 |
U51909WB2009PTC133444 |
IMPRESSION VINCOM PRIVATE
LIMITED |
Director |
01/03/2012 |
01/03/2012 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Ram Niwas Chirimar |
|
1000 |
|
Rajeev Niwas Chirimar |
|
29500 |
|
Radio Supply Stores Private Limited, Kolkata |
|
25000 |
|
Kemi Fibre Industries Private Limited, Kolkata |
|
25000 |
|
Manju Devi Chirimar |
|
5000 |
|
R N Chirimar HUF |
|
24500 |
|
Rajeev Niwas Chirimar HUF |
|
25000 |
|
Whitestore Vinimay Private Limited, Kolkata |
|
1600000 |
|
Vaidhehi Properties Private Limited, Kolkata |
|
149900 |
|
Brijdham Tradelink Private Limited, Kolkata |
|
1725000 |
|
Triveni Vanijya Private Limited, Kolkata |
|
125000 |
|
Raghav Chirimar |
|
5000 |
|
Sangeeta Chirimar |
|
5000 |
|
Keshav Chirimar |
|
5000 |
|
Lata Devi Bajoria |
|
100 |
|
Total |
|
3750000 |
AS ON 29.09.2011
|
Category |
Percentage |
|
Bodies corporate |
97.33 |
|
Directors or relatives of Directors |
2.67 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Jute Goods |
GENERAL INFORMATION
|
Bankers : |
Union Bank of India, India Exchange Place Branch, 15, India Exchange Place,
Kolkata - 700001, West Bengal, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Agarwala Prakash and Associates Chartered Accountant |
|
Address : |
85, Netaji Subhas Road, 1st Floor, Kolkata – 700001, West
Bengal, India |
|
|
|
|
Associates/Subsidiaries : |
NA |
CAPITAL STRUCTURE
AS ON 29.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3750000 |
Equity Shares |
Rs.10/- each |
Rs.37.500
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 |
37.500 |
37.500 |
32.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
96.383 |
87.103 |
32.060 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
133.883 |
124.603 |
64.060 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
116.831 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
50.105 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
166.936 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
300.819 |
124.603 |
64.060 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
199.397 |
153.238 |
135.009 |
|
|
Capital work-in-progress |
4.398 |
1.394 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
334.663
|
179.332 |
147.371 |
|
|
Sundry Debtors |
83.881
|
16.668 |
16.017 |
|
|
Cash & Bank Balances |
113.528
|
45.376 |
21.940 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
31.485
|
15.402 |
1.343 |
|
Total
Current Assets |
563.557
|
256.778 |
186.671 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
399.890
|
239.053 |
160.160 |
|
|
Other Current Liabilities |
59.873
|
45.837 |
97.586 |
|
|
Provisions |
6.855
|
2.045 |
0.044 |
|
Total
Current Liabilities |
466.618
|
286.935 |
257.790 |
|
|
Net Current Assets |
96.939
|
(30.157) |
(71.119) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.085 |
0.128 |
0.170 |
|
|
|
|
|
|
|
|
TOTAL |
300.819 |
124.603 |
64.060 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
936.291 |
214.303 |
|
|
|
Other Income |
|
0.741 |
0.000 |
|
|
|
TOTAL (A) |
1383.560 |
937.032 |
214.303 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
(32.034) |
(29.011) |
|
|
|
Raw Material Consumed |
|
569.468 |
136.031 |
|
|
|
Power and Fuel |
NA |
44.936 |
13.463 |
|
|
|
Store and Spare Consumed |
|
31.807 |
9.746 |
|
|
|
Personal Expenses |
|
261.870 |
70.339 |
|
|
|
Other Expenses |
|
34.415 |
10.123 |
|
|
|
TOTAL (B) |
NA |
910.462 |
210.691 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
26.570 |
3.612 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
0.000 |
0.00 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
26.570 |
3.612 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
19.026 |
3.406 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
11.590 |
7.544 |
0.206 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
2.310 |
2.001 |
0.046 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
9.280 |
5.543 |
0.160 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
5.703 |
0.160 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
14.983 |
5.703 |
0.160 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.67
|
0.59 |
0.07 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
0.80 |
0.07 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.52
|
1.84 |
0.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.06 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.73
|
2.30 |
4.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.21
|
0.89 |
0.72 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS
The Production & Sales during the year under review has been 26811 MT & 25811 MT in comparison to 21757 MT and 21519 MT during the previous year.
There was an industry wide strike of around 62 days during
the last year. Also, there was upward trend in the prices of raw jute during
most part of the year. Further, delayed rainfall during the year had an adverse
effect on the quality of the raw jute, which resulted into higher price
differential for better qualities of raw jute. However, your Company could
manage to perform better due to proper planning and timely purchase of raw jute
and sale of finished products.
|
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter's background |
Yes |
|
8) No. of employees |
No |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
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 |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
No |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if
applicable) |
-- |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
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 |
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.51.99 |
|
|
1 |
Rs.83.53 |
|
Euro |
1 |
Rs.68.39 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
4 |
|
--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 |
|
42 |
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.