|
|
|
Country |
|
|
Company Name |
FARIDA CLASSIC
SHOES PRIVATE LIMITED |
Principal Name 1 |
Rafeeque Ahmed |
|
Status |
Satisfactory |
Principal Name 2 |
Iqbal Ahmed |
|
|
|
Registration # |
18-008805 |
|
Street Address |
151/ 4, |
||
|
Established Date |
09.06.1981 |
SIC Code |
-- |
|
Telephone# |
91-4174-244401 /
02 / 03 / 22523866 / 22523867 / 22523868 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-4147-244403 /
91-44-22523870 |
Business Style 2 |
- |
|
Homepage |
Not Available |
Product Name 1 |
Leather Closed shoes |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
5,120,000 |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate (99.80%) Directors or
relatives of Directors (0.20%) |
Banking |
Citibank |
|
Public Limited Corp. |
No |
Business Period |
31 years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (50) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Arcot Soles Private Limited (ASPL) |
|
|
-- |
|
Note |
- |
||
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
316,777,000 |
Current Liabilities |
109,965,000 |
|
Inventories |
189,529,000 |
Long-term Liabilities |
317,005,000
|
|
Fixed Assets |
161,659,000 |
Other Liabilities |
15,930,000 |
|
Deferred Assets |
00,000 |
Total Liabilities |
442,900,000 |
|
Invest& other Assets |
34,067,000 |
Retained Earnings |
254,012,000 |
|
|
|
Net Worth |
259,132,000 |
|
Total Assets |
702,032,000 |
Total Liab. & Equity |
702,032,000 |
|
Total Assets (Previous Year) |
574,847,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
N.A. |
Net Profit |
N.A. |
|
Sales (Including Other Income)(Previous yr) |
992,203,000 |
Net Profit(Prev.yr) |
24,226,000 |
MIRA
INFORM REPORT
|
Report Date : |
06.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
FARIDA CLASSIC SHOES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
151/ 4, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
09.06.1981 |
|
|
|
|
Com. Reg. No.: |
18-008805 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 5.120 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18209TN1981PTC008805 |
|
|
|
|
PAN No.: |
CHEF00073D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in as manufacturer of Leather Closed shoes, Leather
Shoe Uppers and Shoe Components and Exporter of Footwear and Footwear
Components. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1036000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to be
usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
A3 (Short Term Export Packing Credit Rating) |
|
Rating Explanation |
This rating are considered to have moderate degree of safety regarding
timely payment of financial obligations. Such instrument carry higher credit
risk as compared to instruments rated in the two higher cartegories. |
|
Date |
10.01.2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered / Corporate Office : |
151/ 4, |
|
Tel. No.: |
91-4174-244401 / 02 / 03 / 22523866 / 22523867 / 22523868 |
|
Mobile No.: |
91-9894610643 (P. Mohammed Siddique) |
|
Fax No.: |
91-4147-244403 / 91-44-22523870 |
|
E-Mail : |
|
|
|
|
|
Factory : |
38, |
DIRECTORS
As on 28.09.2011
|
Name : |
Rafeeque Ahmed |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
10, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.09.1947 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
09.06.1981 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00013749 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Iqbal Ahmed |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
10, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.10.1969 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.01.2000 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00013788 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Rafeeque Ahmed Mecca |
|
1 |
|
Israr Ahmed |
|
50 |
|
Ashfaque Ahmed |
|
50 |
|
Farida Holdings Private Limited, |
|
51099 |
|
|
|
|
|
TOTAL |
|
51200 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
99.80 |
|
Directors or relatives of Directors |
0.20 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in as manufacturer of Leather Closed shoes, Leather
Shoe Uppers and Shoe Components and Exporter of Footwear and Footwear
Components. |
PRODUCTION STATUS (31.03.2010)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
Shoes |
Pairs p.a. |
1000000 |
1000000 |
1239322 |
|
Shoe Uppers |
Pairs p.a. |
1000000 |
1000000 |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
·
Citibank N.A. , No. 2, ·
State Bank of ·
Axis Bank ·
Indian Bank, MEPZ Branch ·
Indian Bank, Harbour Branch ·
Indian Overseas Bank ·
HDFC Bank |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kalyanasundaram and Company Chartered Accountant |
|
Address : |
18 Second |
|
PAN No.: |
AAAFK0600Q |
|
|
|
|
Group Companies : |
·
Arcot Soles Private Limited (ASPL) ·
Delta Shoes Private Limited ·
Farida Leather Ware Private Limited (FLW) ·
Farida Shoes Private Limited (FSPL) ·
Farida Prime Tannery (FPT) ·
India Shoes Exports Private Limited (ISEPL) ·
Kenmore Shoes Private Limited ·
Farida New Line Studio Private Limited (FNLS) |
|
|
|
|
Holding Company: |
Farida Holdings Private Limited [CIN No.: U65993TN1985PTC011781] |
CAPITAL STRUCTURE
As on 28.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs. 100/-each |
Rs. 25.000 millions |
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
51200 |
Equity Shares |
Rs. 100/-
each |
Rs. 5.120
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 |
5.120 |
5.120 |
4.620 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
254.012 |
236.055 |
241.813 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
259.132 |
241.175 |
246.433 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
279.889 |
197.458 |
192.512 |
|
|
2] Unsecured Loans |
37.116 |
54.288 |
0.000 |
|
|
TOTAL BORROWING |
317.005 |
251.746 |
192.512 |
|
|
DEFERRED TAX LIABILITIES |
11.489 |
11.885 |
21.284 |
|
|
|
|
|
|
|
|
TOTAL |
587.626 |
504.806 |
460.229 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
161.659 |
155.502 |
153.525 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
34.067 |
34.067 |
14.122 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
189.529
|
165.727 |
195.214 |
|
|
Sundry Debtors |
222.566
|
130.654 |
68.444 |
|
|
Cash & Bank Balances |
8.768
|
19.470 |
18.865 |
|
|
Other Current Assets |
23.934
|
13.723 |
8.044 |
|
|
Loans & Advances |
61.509
|
55.704 |
66.964 |
|
Total
Current Assets |
506.306
|
385.278 |
357.531 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
44.479
|
41.821 |
34.817 |
|
|
Other Current Liabilities |
65.486
|
12.146 |
7.131 |
|
|
Provisions |
4.441
|
16.074 |
23.001 |
|
Total
Current Liabilities |
114.406
|
70.041 |
64.949 |
|
|
Net Current Assets |
391.900
|
315.237 |
292.582 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
587.626 |
504.806 |
460.229 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
|
992.203 |
994.629 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
975.516 |
981.267 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
16.687 |
13.361 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
(7.539) |
4.751 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
24.226 |
8.610 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
844.876 |
874.209 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
248.663 |
303.193 |
|
|
|
Capital Goods |
|
1.126 |
0.512 |
|
|
TOTAL IMPORTS |
|
249.175 |
303.705 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
307.00 |
186.38 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
N.A.
|
2.44 |
0.86 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
N.A.
|
3.08 |
5.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
N.A.
|
6.91 |
5.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.66
|
1.33 |
1.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.42
|
5.50 |
5.50 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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
two years |
Yes |
|
12] |
Profitability for last
two 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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if
applicable) |
No |
|
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 |
|
31] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
32] |
Passport No of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
Bankers Charges Report
as per Registry
|
Corporate
identity number of the company |
U18209TN1981PTC008805 |
|
Name of the
company |
FARIDA CLASSIC
SHOES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
151 / 4 Mount
Poonamallee Highroad, Ramapuram, Chennai - 600 009, e-mail: holding@farida.co.in |
|
This form is for |
Modification
of charge |
|
Charge identification
(ID) number of the charge to be modified |
10233245 |
|
Type of charge |
Immovable
Property Book Debts Movable Property
(not being pledge) Stocks |
|
Particular of
charge holder |
Citi Bank N.A. 163, Anna Salai,
Second Floor, Chennai – 600002, e-mail: karthikeyan1.j@citi.com |
|
Nature of
instrument creating charge |
Memorandum of
Entry Dated 25th January 2012 |
|
Date of
instrument Creating the charge |
25.01.2012 |
|
Amount secured by
the charge |
Rs. 350.000
million |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest As may be
stipulated by the bank from time to time Terms of Repayment All facilities
are repayable on demand Margin As agreed from
time to time. Extent and Operation of the charge In addition to
the First exclusive charge on the current assets (including stocks and book
debts) and movable fixed assets (including plant & machinery, office
equipment etc)of the Borrower both present and future, filed vide SRN
B19868538. Equitable
Mortgage by Deposit of title deeds of properties owned by the company - 1) 3.25 acres
located at Odugathur Village , Vellore District 2) Sy.No.9/2, 12/2,Khanishmari No.525,
Nagavara Village, Opp. to Mosque, CMC Byatarayanapura, Banglore - 560043. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
First exclusive
charge on the current assets (including stocks and book debts) and movable
fixed assets (including plant & machinery, office equipment, furniture
& fixtures, etc) of the Borrower both present and future. Equitable Mortgage
by Deposit of title deeds of properties owned by the company. 1) 3.25 acres located at 2) Sy.No.9/2, 12/2, Khanishmari No.525, |
|
Date of instrument
modifying the charge |
17.08.2011 |
|
Particulars of
the present modification |
While charge
amount of Rs.350.000 millions remains the same. In addition to the existing
securities, Equitable Mortgage on immovable properties owned by the company. 1) 3.25 acres
located at 2) Sy.No.9/2,
12/2,Khanishmari No.525, |
Fixed Assets:
·
Apartments
·
·
Computers
·
Furniture and Fittings
·
Land
·
Guest House
·
Land
·
Plant and Machinery
·
Cycle
·
Motor Car
·
Air Conditioners
·
Jeep
·
Auto
·
Office Equipment and
Others
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.56.08 |
|
|
1 |
Rs.87.02 |
|
Euro |
1 |
Rs.68.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
NID |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
No |
|
--AFFILIATION |
YES/NO |
Yes |
|
--LISTED |
YES/NO |
No |
|
--OTHER MERIT FACTORS |
YES/NO |
Yes |
|
TOTAL |
|
50 |
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.