|
Report Date : |
22.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
DIEHARD DIES PRIVATE LIMITED |
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|
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Registered
Office : |
H. No. 6-4-6, Arundelpet, 4/5, Guntur – 522002, Andhra Pradesh |
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Country : |
India |
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|
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
30.08.2007 |
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Com. Reg. No.: |
01-055346 |
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|
Capital
Investment / Paid-up Capital : |
Rs. 50.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999AP2007PTC055346 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDD03928B |
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|
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PAN No.: [Permanent Account No.] |
AACCD6762D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Laser – cut Flat and Rotary Dies. |
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|
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No. of Employees
: |
125 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 5300000 |
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|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. Profitability
of the company appears to be low. However, trade relations are reported as fair.
Business is active. Payments are reported to be slow but correct. The company can be considered for business dealing with some cautions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
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 |
Long Term Rating = D |
|
Rating Explanation |
Rating are in default or are expected to be in default soon. |
|
Date |
23.04.2011 |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Srikant |
|
Designation : |
Accountant |
|
Contact No.: |
91-9666101545 |
|
Date : |
21.08.2012 |
LOCATIONS
|
Registered Office : |
H. No. 6-4-6, Arundelpet, 4/5, Guntur – 522002, Andhra Pradesh,
India |
|
Tel. No.: |
91-863-2296289 / 2321374 |
|
Mobile No.: |
91-9666101545 (Mr. Srikant) |
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Fax No.: |
91-863-2221161 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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|
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|
Factory : |
S.No.545/1/35, Phirangi Puram Mandal Dist. Guntur Ameenabad – 522532.
Andhra Pradesh, India |
|
Location : |
Owned |
DIRECTORS
As on 23.09.2011
|
Name : |
Mr. Ramachandra Prabhu Tulasi |
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|
Designation : |
Managing director |
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|
Address : |
D.No:3-28-18/124/1, 2nd Lane, Rajendra Nagar, Guntur -
522006 Andhra Pradesh, India |
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Date of Birth/Age : |
21.06.1947 |
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Date of Appointment : |
30.08.2007 |
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Voter ID No.: |
NDX0636357 |
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DIN No: |
00058912 |
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Other
directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Yogish Chandra Tulasi |
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Designation : |
Director |
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|
Address : |
D.No:3-28-18/124/1, 2nd Lane, Rajendra Nagar, Guntur -
522006 Andhra Pradesh, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
20.09.1977 |
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|
Date of Appointment : |
30.08.2007 |
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Voter ID No.: |
NDX0636878 |
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DIN No: |
00058932 |
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Other
directorship:
|
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|
Name : |
Mr. Tulasi Aruna |
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Designation : |
Director |
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|
Address : |
D.No:3-28-18/124/1, 2nd Lane, Rajendra Nagar, Guntur -
522006 Andhra Pradesh, India |
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Date of Birth/Age : |
03.10.1957 |
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|
Date of Appointment : |
30.08.2007 |
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Voter ID No.: |
NDX0642587 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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DIN No: |
01168442 |
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Other directorship:
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 23.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Ramachandra Prabhu Tulasi |
|
320000 |
|
Tulasi Aruna |
|
35000 |
|
Tulasi Yogish Chandra |
|
122500 |
|
Tulasi Krishna Chaitanya |
|
22500 |
|
Total
|
|
500000 |
As on 23.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Laser – cut Flat and Rotary Dies. |
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Exports : |
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Products : |
Dies |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Germany |
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash / Credit |
GENERAL INFORMATION
|
Supplier: |
Karl Marbach GMBH and co. Germany |
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Customers : |
End Users
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No. of Employees : |
125 (Approximately) |
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Bankers : |
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Facilities : |
L/C, Cash and Credit Rs.25.000 millions from State Bank of India, Guntur
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Banking
Relations : |
-- |
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Auditors : |
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||||||
|
Name : |
Gopi Krishna Puppala Chartered Accountant |
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|
Address : |
26-1-77, 1st Floor, Ahalya Towers, Main Road, Nagarampalem, Guntur – 522004,
Andhra Pradesh, India |
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PAN No : |
AABFV7509G |
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Sister Concern : |
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CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
Rs.100/- each |
Rs.60.000 Millions |
|
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|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/-
each |
Rs. 50.000
millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
50.000 |
50.000 |
0.150 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
3.717 |
0.947 |
0.356 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
53.717 |
50.947 |
0.506 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
146.238 |
167.415 |
0.000 |
|
|
2] Unsecured Loans |
200.631 |
75.105 |
201.752 |
|
|
TOTAL BORROWING |
346.869 |
242.520 |
201.752 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
400.586 |
293.467 |
202.258 |
|
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
385.942 |
247.744 |
97.437 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
43.212
|
31.713 |
9.754 |
|
|
Sundry Debtors |
4.357
|
1.169 |
0.000 |
|
|
Cash & Bank Balances |
0.326
|
3.591 |
0.771 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
26.587
|
20.515 |
146.020 |
|
Total
Current Assets |
74.482
|
56.988 |
156.545 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
57.202
|
9.641 |
49.537 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
3.267
|
2.255 |
2.369 |
|
Total
Current Liabilities |
60.469
|
11.896 |
51.906 |
|
|
Net Current Assets |
14.013
|
45.092 |
104.639 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.631 |
0.631 |
0.182 |
|
|
|
|
|
|
|
|
TOTAL |
400.586 |
293.467 |
202.258 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
34.968 |
5.033 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
30.443 |
4.225 |
0.000 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) |
4.525 |
0.808 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
4.525 |
0.808 |
0.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.122 |
0.153 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
3.403 |
0.655 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.633 |
0.065 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.770 |
0.590 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.54 |
NA |
NA |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
68.600 |
|
|
|
|
|
Expected Sales (2012-2013): Rs.100.000 millions
The above information has been parted by Mr. Srikant.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
7.92
|
11.72 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.74
|
0.21 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
0.01 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
7.58
|
4.99 |
501.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23
|
4.79 |
3.01 |
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 |
Yes |
|
9] |
Name
of person contacted |
Yes |
|
10] |
Designation
of contact person |
Yes |
|
11] |
Turnover
of firm for last two years |
Yes |
|
12] |
Profitability
for last three years |
Yes |
|
13] |
Reasons
for variation <> 20% |
-- |
|
14] |
Estimation
for coming financial year |
Yes |
|
15] |
Capital
in the business |
Yes |
|
16] |
Details
of sister concerns |
Yes |
|
17] |
Major
suppliers |
Yes |
|
18] |
Major
customers |
Yes |
|
19] |
Payments
terms |
Yes |
|
20] |
Export
/ Import details (if applicable) |
Yes |
|
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 |
No |
|
29] |
Last
accounts filed at ROC |
No |
|
30] |
Major
Shareholders, if available |
No |
|
31] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN
of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter
ID No of Proprietor/Partner/Director, if available |
Yes |
|
34] |
External
Agency Rating, if available |
No |
OPERATIONS AND PROSPECTS:
The company has commenced operations of flat and rotary dies division and has achieved a turnover of Rs.34.968 millions with a net profit of Rs.2.770 millions. The label line division is under installation stage and will commence commercial production in the due course.
FUTURE OUTLOOK:
The board is confident of achieving better results in the current financial year, in view of the improving market conditions and the company's strategically developed net-work in various areas. The directors are confident in achieving targeted/estimated turnover of Rs.70.000 millions during the current financial year in view of increased capacity. The directors have pleasure to informing that the company is getting bulk orders from new customers as well as by retaining regular customers.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U74999AP2007PTC055346
|
|
Name of the
company |
DIEHARD DIES PRIVATE
LIMITED |
|
Address of the
registered office or of the principal place of business in |
H. No. 6-4-6, Arundelpet, 4/5, Guntur – 522002, Andhra Pradesh |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10316060 |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
Axis Bank Limited, 1st Floor, P.R.Raju plaza, Door no11-1-1, Naaz
center, Guntur - 522001, Andhra Pradesh, India |
|
Nature of
instrument creating charge |
Memorandum of
Entry - Equitable Mortgage by deposit of Title Deeds dated 17/12/2011 |
|
Date of
instrument Creating the charge |
17.12.2011 |
|
Amount secured by
the charge |
Rs. 125.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Extent and Operation of the charge Equitable
mortgage of factory site at SyNo545/1/35m Ameenabad village, Phirangipuram
Mandal, Guntur dist admeasuring 1.69 Ac along with factory buildings and
sheds constructed owned by company. |
|
Short particulars
of the property charged |
Equitable
mortgage of factory site at SyNo545/1/35m Ameenabad Village, Phirangipuram
Mandal, Guntur dist admeasuring 1.69 Ac along with factory buildings and
sheds constructed owned by company. |
|
Particulars of
the present modification |
Deposit of title
deeds immovable property through memorandum of entry dated 17-12-2011 as per
Bank's Sanction Letter AXIS/CREDIT/SME(NS)/27/2011-12, dated 27th September, 2011 |
Fixed Assets:
Trade References:
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.55.54 |
|
|
1 |
Rs.87.39 |
|
Euro |
1 |
Rs.68.72 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
DPK |
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 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.