MIRA
INFORM REPORT
|
Report Date : |
25.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
KEYSTONE REALTORS PRIVATE LIMITED |
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Registered
Office : |
702, Natraj, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
06.11.1995 |
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Com. Reg. No.: |
11-094208 |
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Capital
Investment/ Paid-up Capital: |
Rs.0.270 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200MH1995PTC094208 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK05983F |
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PAN No.: [Permanent Account No.] |
AAACK2499Q |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Construction of residential and commercial complex |
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No. of
Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 15600000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. The
company has been successful in wiping off its accumulated losses for previous
year. Trade relations are reported as fair. Business is active. Payments are reported
to be usually correct ans 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.
INFORMATION DECLINED BY
|
Name : |
Mr. Devang R Mehta |
|
Designation : |
Secretary |
|
Tel No.: |
91- 22 - 66766888 |
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Fax No.: |
91- 22 - 66766999 |
|
Email : |
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|
Date : |
23.04.2012 |
LOCATIONS
|
Registered Office : |
702, Natraj, |
|
Tel. No.: |
91-22- 66766888/66766776/66766778/61116111 |
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Fax No.: |
91-22-66766999 |
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E-Mail : |
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|
Website : |
DIRECTORS
As. On 27.09.2011
|
Name : |
Mr. Boman Rustom
Irani |
|
Designation : |
Managing Director |
|
Address : |
Ideal farm, Plot
no. 33, Dahisar (west), Mumbai., 400068 |
|
Date of Birth/Age : |
14.06.1969 |
|
Date of Appointment : |
01.03.2005 |
|
Din No.: |
00057453 |
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|
|
|
Name : |
Mr. Percy Sorabji
Chowdhry |
|
Designation : |
Director |
|
Address : |
Flat No.01, Rati
Manzil , Parsi Colony,, Opposite Girts School, Dadar (East), Mumbai, 400014 |
|
Date of Birth/Age : |
14.02.1971 |
|
Date of Appointment : |
03.01.1999 |
|
Din No.: |
00057529 |
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|
|
|
Name : |
Mr. Chandresh
Dinesh Mehta |
|
Designation : |
Director |
|
Address : |
Flat No.1001,
Beuna Vista, 10th floor, Bandra (West),
Mumbai, 400050 |
|
Date of Birth/Age : |
19.02.1969 |
|
Date of Appointment
: |
04.10.2004 |
|
Din No.: |
00057575 |
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|
|
|
Name : |
Mr. Sorabh K. Jain Vikas |
|
Designation : |
Director |
|
Address : |
2301-A, Tower, |
|
Date of Birth/Age : |
08.10.1971 |
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Date of Appointment
: |
29.04.2009 |
|
Din No.: |
00006786 |
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|
|
|
Name : |
Mr. Prakash Kalothia |
|
Designation : |
Director |
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Address : |
Flat No.01, Rati Manzil , Parsi Colony, Opposite Girts
School, Dadar (East), Mumbai 400014
Maharashtra |
|
Date of Birth/Age : |
05.04.1974 |
|
Date of Appointment
: |
29.04.2009 |
|
Din No.: |
00322856 |
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|
|
|
Name : |
Mr. Daniel Trevelyn Joseph |
|
Designation : |
Director |
|
Address : |
Flat No. 52, 5TH Floor, Jasmine CHS, Madhusudan Kalelkar Marg,
Bandra (East), Mumbai |
|
Date of Birth/Age : |
21.12.1945 |
|
Date of Appointment
: |
29.04.2009 |
|
Din No.: |
01716572 |
KEY EXECUTIVES
|
Name : |
Mr. Devang R Mehta |
|
Designation : |
Secretary |
|
Address : |
B-507, Shubh Kamna, Mahavir Nagar, Kandivali (West), Mumbai, 400067, |
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Date of Birth/Age : |
04.06.1964 |
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Date of Appointment : |
28.04.2011 |
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Pan No.: |
AFIPM2204B |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As. On 27.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Boman Rustom
Irani |
|
1078 |
|
Percy Sorabji
Chowdhry |
|
539 |
|
Chandresh Dinesh
Mehta |
|
539 |
|
Mausmi SA Investments LLC,
|
|
539 |
|
Total |
|
2695 |
As. On 27.09.2011
|
Category |
|
Percentage |
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|
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Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
20.00 |
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Directors or relatives of directors |
|
80.00 |
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|
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Construction of residential and commercial complex |
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GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
The Zoroastrain Co.operative Bank Limited, Borivili (W) Branch; 8/1
Dattani Trade Centre, |
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Rs
.in Millions |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
B S R and Company Akeel Master Chartered Accountant |
|
Address : |
Apollo Mills Compound, NM Joshi Marg, Mahalaxmi, Mumbai – 400 011 |
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Pan No.: |
AAAFB9852F |
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Subsidiaries : |
·
Kapstone Constructions Private Limited (CIN
No.:U45200MH2003PTC140091) ·
Rustomjee Realty Private Limited (CIN
No.:U70100MH2003PTC140087) ·
Sanguinity Realty Private Limited (CIN
No.:U45201MH2006PTC165655) ·
Nouveau Developers Private Limited (CIN
No.:U45400MH2007PTC169945) ·
Panchgani Real Estate Private Limited (CIN No.:U70102MH2008PTC177657) ·
Enigma Constructions Private Limited (CIN
No.:U45400MH2008PTC178625) ·
Paradigm Builders Private Limited (CIN
No.:U45400MH2008PTC178624) ·
Xcellent Realty Private Limited (CIN
No.:U70100MH2007PTC169611) ·
Gemstone Developers Private Limited (CIN
No.:U45200MH2007PTC169511) ·
Rustomjee Constructions Private Limited (CIN
No.:U45200MH2007PTC168509) ·
Montage Developers Private Limited (CIN
No.:U45201MH2007PTC173340) ·
Credence Property Developers Private Limited (CIN No U70101DL1999PTC100873) ·
Suranjan Holding and Estate Developers Private
Limited (CIN No
U99999MH1995PTC088867) ·
Mausmi SA Investments LLC |
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·
|
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Joint Venture: |
· Rustomjee Evershine Joint venture |
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Group Entities: |
· Mr.Boman Irani (Promoters) ·
Mr.Boman Irani
(Promoters) · Mr.Percy Chowdhry (Promoters) · Mr.Chandresh Mehta (Promoters) · Suranjan Holdings and Estate Developers Private Limited · Credence Property Developers Private Limited. · Kapstone Constructions Private Limited · Rustomjee Realty Private Limited · Sanguinity Realty Private Limited · Gemstone Developers Private Limited. · Rustomjee Constructions Private Limited · Nouveau Developers Private Limited · Xcellent Realty Private Limited · Montage Developers Private Limited · Panchgani Real Estate Private Limited · Paradigm Builders Private Limited. · Enigma Constructions Private Limited · Rustomjee Buildcon Private Limited · Yazarina Estate & Investments Private Limited · Success Developers Private Limited · Rustomjee Builders Private Limited · Premium Build Tech Private Limited · Sanguine Builders Private Limited · Keystone Infrastructure Private Limited · Megacorp Developers Private Limited · Riverstone Developers Private Limited · Firestone Developers Private Limited · Skyscraper Realtors Private Limited · Town & Country Realty Private Limited · Charisma Developers Private Limited. · Altus Developers Private Limited · Impetus Constructions Private Limited · Intime Constructions Private Limited · Manprit Real Estate Private Limited · Imperial Infradevelopers Private Limited · Dynasty Infrabuilders Private Limited · Intact Builders Private Limited · Kingmaker Developers Private Limited · Prima Builders Private Limited · Amaze Builders Private Limited · Dreamz Dwellers Private Limited · Monarchy Builders Private Limited · Vulcan Developers Private Limited · Apex Infraprojects Private Limited · Sweety Property Developers Private Limited · Rustomjee Knowledge City Private Limited (Earlier Ashray Dwellers Private Limited ) · Shalom Voyagers Private Limited. · Attarchand Trading Company Private Limited · Riverstone Educational Academy Private Limited · Megacorp Constructions Private Limited |
CAPITAL STRUCTURE
As. On 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000 |
Equity Share |
Rs.100/- each |
Rs.1.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2695 |
Equity Share |
Rs.100/- each |
Rs.0.269
Million |
|
|
|
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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 |
|
|
|
|
|
1] Share Capital |
0.270 |
0.270 |
0.216 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
3901.911 |
4244.367 |
4244.367 |
|
|
4] (Accumulated Losses) |
0.000 |
(452.900) |
(616.855) |
|
|
NETWORTH |
3902.181 |
3791.737 |
3627.728 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1124.833 |
1433.326 |
2395.929 |
|
|
2] Unsecured Loans |
3222.137 |
2774.911 |
1726.438 |
|
|
TOTAL BORROWING |
4346.970 |
4208.237 |
4122.367 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
8249.151 |
7999.974 |
7750.095 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
111.411 |
19.898 |
33.270 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
7512.023 |
6190.130 |
5701.879 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
4001.354
|
2144.674 |
2552.539 |
|
|
Sundry Debtors |
25.801
|
295.388 |
131.217 |
|
|
Cash & Bank Balances |
310.560
|
68.122 |
46.921 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
2115.718
|
2780.855 |
2400.461 |
|
Total
Current Assets |
6453.433
|
5289.039 |
5131.138 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
230.283
|
149.233 |
164.551 |
|
|
Other Current Liabilities |
5358.025
|
3115.447 |
2845.083 |
|
|
Provisions |
239.408
|
234.413 |
106.558 |
|
Total
Current Liabilities |
5827.716
|
3499.093 |
3116.192 |
|
|
Net Current Assets |
625.717
|
1789.946 |
2014.946 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
8249.151 |
7999.974 |
7750.095 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3004.300 |
3650.500 |
951.890 |
|
|
|
Other Income |
280.400 |
263.700 |
471.119 |
|
|
|
TOTAL (A) |
3284.700 |
3914.200 |
1423.009 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
2194.900 |
2866.200 |
1221.919 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1089.800 |
1048.000 |
201.090 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
609.200 |
849.800 |
775.422 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
480.600 |
198.200 |
(574.331) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
9.100 |
6.000 |
8.983 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
471.500 |
192.200 |
(583.315) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
112.200 |
28.300 |
0.838 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
359.300 |
163.900 |
(584.153) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(452.900) |
(616.900) |
(32.701) |
|
|
|
|
|
|
|
|
|
|
Adjusted
on Amalgamation |
616.900 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Loss after tax for
the period from 1.04.2009 to 31.03.2010 incorporated pursuant to schedule of
Amalgamation |
(57.500) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
465.800 |
452.900 |
(616.854) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
0.000 |
0.000 |
31.268 |
|
|
|
Others |
54.914 |
7.874 |
0.000 |
|
|
TOTAL IMPORTS |
54.914 |
7.874 |
31.268 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
10.94
|
4.19 |
41.05 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
15.69
|
5.27 |
61.28 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.18
|
3.62 |
11.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.05 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.49
|
0.92 |
0.86 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11
|
1.51 |
1.65 |
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Construction
of the firm |
Yes |
|
Premises
details |
No |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
Yes |
|
No.
of Employees |
No |
|
Name
of Person Contacted |
No |
|
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
the business |
Yes |
|
Details
of sister concerns |
Yes |
|
Major
Suppliers |
No |
|
Major
Customers |
No |
|
Payment
Terms |
No |
|
Export
/ Import Details [If Applicable] |
No |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
Yes |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
Yes |
|
Incorporation
details, if applicable |
Yes |
|
Last
accounts filed at ROC |
Yes |
|
Major
Shareholders, if applicable |
Yes |
NOTE:
Registered office of the company has been
shifted from 3rd Floor, Jmc House, Bisleri Compound, Western Express Highway,
Andheri (East) MumbaI – 400099
Maharashtra India to the present address w.e.f. 15.10. 2009
BACKGROUND:
Keystone Realtors Private Limited (‘the Company’) was incorporated on 6 November 1995 to construct, purchase, acquire, hire, operate, manage and develop land of any real and personnel estate property such as residential units / complexes, commercial complexes, hotels, motels, clubs, malls, apartments, shopping complexes and any other types of infrastructure projects etc. on ownership basis or on Built Own Lease and Transfer basis in India or abroad. The Company is engaged in real estate residential and commercial projects in and around Mumbai.
The Board of Directors of the Company at their meeting held on 9 September, 2010 approved the Scheme of Amalgamation (‘The Scheme’) of the wholly owned subsidiaries Bricklayer Constructions Private Limited, Resilience Realty Private Limited and Revelation Realty Private Limited (collectively referred to as the Transferor
Companies) with the Company (‘Transferee Company) w.e.f 1 April 2009. The Scheme was approved by the Hon’ble High Court of Judicature at Bombay vide its order dated 28 January 2011 and filed with the registrar of Companies on 26 February, 2011 as required under Section 391(3) of the Companies Act, 1956 (‘the Act’)
INDUSTRIAL SCENARIO:
Recovery of Indian economy from the recessionary trends
during Financial Year 2010-2011 has been remarkable. The GDP is expected to grow
@ 7.5% and 8% during 2011-12 and 2012-13, respectively. Growth prospects of
real estate sector is linked to the growth prospects of Indian economy and its
important sectors such as industrial, infrastructure, hotel, IT and ITES, FMCG,
banking and insurance, etc. Considering the excellent growth prospects of these
sectors, potential for growth of real estate sector in
BUSINESS
OPERATIONS:
The Company since its inception has focused on nurturing solid business values and ethos. The policy of transparency in all dealings, adopting customer centric approach and developing and delivering good quality of construction of residential and commercial structures have contributed in making `Rustomjee’ a strong brand, synonymous with `thoughtfulness, high standard of products and ethical value dealing.’ The approach has commenced yielding positive operational results.
During the Financial Year 2010-11, the Turnover of the
company stood at Rs.3004.300 Millions. The Net Profit of the company stood at
Rs.359.300 Millions as against Net Profit of Rs.164.000 Millions for the
previous Financial Year, recording a growth of 119.06%. With solid foundation
and predominant presence in premium real estate market segment of
SUNDRY CREDITORS
DETAILS:
|
Particular |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Creditors due others |
230.283 |
149.233 |
164.551 |
|
|
|
|
|
FIXED ASSETS:
·
Leasehold improvements
·
Office premises
·
Plant and Machinery
·
Furniture and Fixtures
·
Computers
·
Vehicles
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U45200MH1995PTC094208 |
|
Name of the
company |
KEYSTONE REALTORS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
702, Natraj, |
|
This form is for |
Modification of Charge |
|
Charge
identification (ID) number of the charge to be modified |
90149894 |
|
Type of charge |
·
Immovable property |
|
Particular of
charge holder |
Punjab &
National Bank, Linking Road, Bandra (West),Branch. Mumbai 400050, |
|
Nature of
instrument creating charge |
Deed Of Mortgage by way of Further Substituted Security. |
|
Date of
instrument Creating the charge |
23.11.2011 |
|
Amount secured by
the charge |
Rs.75.000 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest: Not Applicable Terms of repayment: Not Applicable Margin: Not Applicable Extent and operation of the charge: Upto the extent of the Deed Of
Mortgage by way of Further Substituted Security executed dated 23.11.2011. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Shop premises being Shop no. 1129 situated on the lower ground floor. Shops no. 4144 - A situated on the second floor, Food Stalls no. 1 to
26 of the building known as " Rustomjee's Eaze-Zone in Laxmi Singh Complex", constructed on land bearing survey no. 402, CTS No. 1214/1, Hissa No.
1, CTS no. 1381, 1381/1-81, S no. 413, CTS nos. 1209, 1210 and 1211 of village
Malad, Taluka Borivali, Malad (West), Mumbai. |
|
Date of last
modification prior to the present modification |
21.02.2011 |
|
Particulars of the present modification |
The Property charged earlier are substituted by the above properties
explained in Clause 15 and the amount of Charge is reduced to Rs.75.000
Millions. |
AS PER WEBSITE DETAILS
PROFILE:
At Rustomjee, they
have been creating vibrant living spaces since 1996. Today they are considered among
the foremost real estate developers in the country. they attribute this success
to their unflinching commitment to adhering to the highest quality standards,
and consistency in delivery schedules.
They have adopted their values in their day-to-day functioning, by never
substituting price for quality, operating as a team, co-opting customers and
striving to become performance leaders in every aspect of the business. Their
goal is to keep each and every customer happy by delivering in accordance with their
commitments, without exception.
Till date, they have launched, completed and delivered many state-of-the-art
residential complexes, premium homes and impressive commercial facilities.
While at it, they have ensured that nature reflects in every space that they
create. In fact ever since their first property was built, they have planted
over a hundred trees for every constructed building. This is their way of
returning to nature what they've taken from her.
An ISO: 9001: 2008 Company
Inculcating quality as a habit
Quality consciousness is deeply ingrained in them. They ensure that they
employ the best professionals in the business for carefully monitoring every
stage in every process thus enhancing their output. This has led us to benchmark
against the best industry standards not just nationally but internationally.
Their obsession with quality has enabled them to become one of the first wholly
indigenous Indian Real Estate Development Companies to get an lSO 9001 - 2008
certification.
In their pursuit towards excellence, they have also made conscious efforts to
improve their back end services. In the process, they assure that their
suppliers and contractors are well geared towards living up to their high
quality standards.
Today, they are considered to be synonymous with quality, consistency and value
for money
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.52.79 |
|
|
1 |
Rs.85.17 |
|
Euro |
1 |
Rs.69.53 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
BYI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
47 |
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.