MIRA
INFORM REPORT
|
Report Date : |
07.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
BEST IT WORLD (INDIA) PRIVATE LIMITED (w.e.f.10.07.2000) |
|
|
|
|
Formerly Known
As : |
PITRANI COMPUTERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
87, Mistry Industrial Complex, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
17.12.1996 |
|
|
|
|
Com. Reg. No.: |
11-104553 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs.7.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30000MH1996PTC104553 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB09573E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Importer, Manufacturer and Dealer of Computer Parts and Peripherals
and mobile handsets. |
|
|
|
|
No. of Employees: |
1500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2029000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. There
appears some continues dip in the profitability of the company from last two
years of operations, However, Networth appears to be satisfactory. 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 leading 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.
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
A2 (Short term Bank facilities) |
|
Rating Explanation |
This rating are considered to have strong
degree of safety regarding timely payment of financial obligations such
instrument carry low credit risk. |
|
Date |
December 2011 |
|
Rating Agency Name |
CARE |
|
Rating |
BBB+ (Long term bank facilities) |
|
Rating Explanation |
This rating are considered to have moderate
degree of safety regarding timely servicing of financial such instruments
carry moderate credit risk. |
|
Date |
December 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. S.J. Shah |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-30815100 |
|
Date : |
06.12.2012 |
LOCATIONS
|
Registered Office : |
87, Mistry Industrial Complex, |
|
Tel. No.: |
91-22-30815100/67745100 |
|
Fax No.: |
91-22-66436262 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 2: |
Survey No.91/2, Building No.282, Purnikpada, |
|
Tel No.: |
91-22-3294744 |
|
|
|
|
Branches : |
Located at:
|
|
|
|
|
|
Located at:
|
%20PRIVATE%20LIMITED%20-%20202691%2007-Dec-2012_files/image001.gif){kind=small}
DIRECTORS
AS ON 26.09.2012
|
Name : |
Mr. Sunil Babulal Kedia |
|
Designation : |
Director |
|
Address : |
B-204, Neptune, Vasant, Galaxy, Goregaon West, Mumbai - 400062, |
|
Date of Birth/Age : |
30.10.1959 |
|
Qualification: |
B.Com, FCA |
|
Experience: |
29 Years |
|
Date of Appointment : |
10.05.2000 |
|
DIN No.: |
00140275 |
|
|
|
|
Name : |
Mr. Sandeep Sitaram Parasrampuria |
|
Designation : |
Director |
|
Address : |
402, Resort View, Thakur Complex, Kandiwali [East], Mumbai – 400101, |
|
Date of Birth/Age : |
20.07.1965 |
|
Qualification: |
B.Com, ACA |
|
Experience: |
24 Years |
|
Date of Appointment : |
17.12.1996 |
|
DIN No.: |
00140120 |
|
Voter ID No.: |
MT/08/040/0783405 |
|
|
|
|
Name : |
Mr. Anil Jagdishprasad Parasrampuria |
|
Designation : |
Director |
|
Address : |
303, Glory, Vasant Marvel, C-Wing, Kandivali West, Mumbai – 400067, |
|
Date of Birth/Age : |
06.09.1967 |
|
Qualification: |
B.Com |
|
Experience: |
22 Years |
|
Date of Appointment : |
17.12.1996 |
|
DIN No.: |
00140235 |
|
Voter ID No.: |
KNF1165976 |
|
|
|
|
Name : |
Mr. Rakesh Yogeshkumar Shah |
|
Designation : |
Director |
|
Address : |
A-408, Bhoomi Enclave Mahavir Nagar, Kandivali (West) Mumbai – 400067,
|
|
Date of Birth/Age : |
20.11.1965 |
|
Qualification: |
B.Com |
|
Experience: |
24 Years |
|
Date of Appointment : |
21.05.1998 |
|
DIN No.: |
00140338 |
|
|
|
|
Name : |
Mr. Vijay Kumar Dalmia |
|
Designation : |
Director |
|
Address : |
603 / 604, |
|
Date of Birth/Age : |
28.12.1956 |
|
Date of Appointment : |
07.06.2000 |
|
DIN No.: |
00209719 |
KEY EXECUTIVES
|
Name : |
Mr. S.J. Shah |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sandeep S
Parasrampuria |
|
26000 |
|
Anil J
Parasrampuria |
|
52850 |
|
Sunil Kedia
|
|
20290 |
|
Rakesh shah |
|
122500 |
|
Anita Parasrampuria |
|
82500 |
|
Sudha Parasrampuria |
|
48000 |
|
Ami Shah |
|
35000 |
|
Bharti Kedia |
|
54700 |
|
Vljay Dalmia |
|
57200 |
|
Sangeeta Dalmia |
|
100200 |
|
Amit B. Banka and Pooja A. Banka |
|
15000 |
|
Jagdish Parasrampuria |
|
1000 |
|
Vidyadevi Dalmia |
|
100 |
|
Sitaram Parasrampuria |
|
500 |
|
Draupadi parasrampuria |
|
500 |
|
Nimisha Parasrampuria |
|
50 |
|
Bennett Coleman and Company Limited |
|
10 |
|
Sandeep Parasrampuria |
|
78000 |
|
Anil Parasrampuria |
|
55600 |
|
|
|
|
|
Total |
|
750000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 26.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importer, Manufacturer and Dealer of Computer Parts and Peripherals
and mobile handsets. |
|
|
|
|
Imports : |
|
|
Products : |
Computer Peripherals |
|
Countries : |
·
·
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
|
|
|
No. of Employees : |
1500 (Approximately) |
|
|
|
|
Bankers : |
·
Axis Bank Limited, Corporate Banking Branch,
·
Axis Bank ·
Cosmos Bank ·
The Grater Bank, Baldta Bhavan, Mumbai, ·
Barclays Bank PLC, 601/603, Ceejay House,
Shivsagar Estate, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India |
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V. B. Goel and Company Chartered Accountants |
|
Address : |
Flat no. 2 and
3, Ajay Apts, Kasturba Cross Road Malad West Mumbai – 400064, Maharashtra,
India |
|
Pan No.: |
AACPG6633R |
|
|
|
|
As on 31.03.2011 |
|
|
Enterprises which are owned, or have significant influence of or are partners
with Key management personnel and their Relatives. |
·
Dalmia Polytex Private Limited, ·
Anil Rajesh Caps Manufacturer Private Limited, ·
Saanwaria Polyster Private Limited, ·
Centos Synthetics, ·
Gajanan Tubes, ·
Sharp Infrastructure Private Limited, ·
Kamal Cotspin Private Limited, ·
Shree Jeenmata Dyeing And Printing Mills Private
Limited, |
|
|
|
|
Associates : |
·
Pitrani Investment and Trading, ·
Natasha Industries, |
CAPITAL STRUCTURE
AS ON 26.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs.10/- each |
Rs.7.500
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
7.500 |
7.500 |
7.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
486.825 |
444.568 |
325.065 |
|
|
4] Money Received against share warrants |
13.000 |
13.000 |
0.000 |
|
|
5] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
507.325 |
465.068 |
332.565 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
118.109 |
|
|
2] Unsecured Loans |
|
|
58.772 |
|
|
TOTAL BORROWING |
599.267 |
289.246 |
176.881 |
|
|
DEFERRED TAX LIABILITIES |
8.543 |
8.144 |
6.122 |
|
|
|
|
|
|
|
|
TOTAL |
1115.135 |
762.459 |
515.568 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
180.330 |
112.348 |
89.689 |
|
|
Capital work-in-progress |
6.173 |
6.977 |
4.379 |
|
|
Intangible asset under Development |
0.000 |
7.861 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.128 |
0.128 |
0.129 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
750.817
|
587.664 |
386.213
|
|
|
Sundry Debtors |
293.279
|
204.778 |
227.292
|
|
|
Cash & Bank Balances |
150.564
|
81.513 |
65.524
|
|
|
Other Current Assets |
4.509
|
3.611 |
0.000
|
|
|
Loans & Advances |
198.101
|
129.186 |
103.996
|
|
Total
Current Assets |
1397.270
|
1006.752 |
783.025 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
348.917
|
285.373 |
284.541 |
|
|
Other Current Liabilities |
94.412
|
66.743 |
52.730
|
|
|
Provisions |
25.437
|
19.492 |
24.383
|
|
Total
Current Liabilities |
468.766
|
371.608 |
361.654 |
|
|
Net Current Assets |
928.504
|
635.144 |
421.371 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1115.135 |
762.459 |
515.568 |
|
%20PRIVATE%20LIMITED%20-%20202691%2007-Dec-2012_files/image002.gif){kind=small}
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3909.813 |
3284.827 |
|
|
|
|
Other Income |
9.669 |
26.049 |
|
|
|
|
TOTAL (A) |
3919.482 |
3310.876 |
2966.489 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material consumes |
3.241 |
|
|
|
|
|
Purchase of stock in trade |
2876.379 |
2550.194 |
|
|
|
|
Employee Benefit expenses |
317.470 |
222.493 |
2695.310 |
|
|
|
Other Expenses |
755.760 |
505.618 |
|
|
|
|
|
3952.850 |
3307.191 |
|
|
|
|
Changes in inventories of finished goods |
165.082 |
211.359 |
|
|
|
|
TOTAL
(B) |
3787.768 |
3095.832 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
131.714 |
215.044 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
51.031 |
23.503 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
80.683 |
191.541 |
271.179 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
9.317 |
5.952 |
4.674 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
71.366 |
185.589 |
266.505 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
23.880 |
60.860 |
92.371 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
47.486 |
124.729 |
174.134 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
25.066 |
25.066 |
26.195 |
|
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Transfer to General Reserve |
|
120.000 |
170.000 |
|
|
|
Dividend |
NA |
4.500 |
4.499 |
|
|
|
Tax on Dividend |
|
0.747 |
0.764 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
24.547 |
25.065 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
FOB Value of Import |
NA |
1721.356 |
1249.911 |
|
|
TOTAL IMPORTS |
NA |
1721.356 |
1249.911 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
63.31 |
166.30 |
232.20 |
|
%20PRIVATE%20LIMITED%20-%20202691%2007-Dec-2012_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20202691%2007-Dec-2012_files/image004.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20202691%2007-Dec-2012_files/image005.gif){kind=small}
Expected Sales (2012-2013) : Rs. 4000.000 Millions (Till Date)
The above information has been parted by Mr. S.J. Shah - Finance Manager
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.21 |
3.77 |
5.87 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.83 |
5.65 |
8.98 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.52 |
16.58 |
30.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.40 |
0.80 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.11 |
1.42 |
1.61
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.98 |
2.71 |
2.16
|
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Constitution
of the firm |
Yes |
|
Premises
details |
No |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
Yes |
|
No.
of Employees |
Yes |
|
Name
of Person Contacted |
Yes |
|
Designation
of contact person |
Yes |
|
Turnover
of firm for last three years |
Yes |
|
Profitability
for last three years |
Yes |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
Yes |
|
Capital
the business |
Yes |
|
Details
of sister concerns |
Yes |
|
Major
Suppliers |
No |
|
Major
Customers |
No |
|
Payment
Terms |
Yes |
|
Export
/ Import Details [If Applicable] |
Yes |
|
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 |
|
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
PAN
of Proprietor/Partner/Director, if available |
No |
|
Voter
ID No of Proprietor/Partner/Director, if available |
Yes |
|
External Agency
Rating, if available |
Yes |
Sundry Creditors Details:
Rs. In Millions
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors |
|
|
|
|
Micro, Small and Medium Enterprise and
others |
|
|
21.935 |
|
Others |
|
|
262.606 |
|
Total |
348.917
|
285.373 |
284.541 |
%20PRIVATE%20LIMITED%20-%20202691%2007-Dec-2012_files/image006.gif){kind=small}
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity
number of the company |
U30000MH1996PTC104553 |
|
Name of the
company |
BEST IT WORLD ( |
|
Address of the
registered office or of the principal place of business in |
87, Mistry Industrial
Complex, MIDC Cross Road 'A', Andheri, Mumbai – 400093, Maharashtra, India Email: agarwalkala@gmail.com |
|
This form is for
|
Creation of charge |
|
Charge
identification (ID) number of the charge to be modified |
10162267 |
|
Type of charge |
Immovable property Any interest in immovable property Book debts Movable property (not being pledge) Floating charge |
|
Particular of
charge holder |
IDBI Bank
Limited, Email: nikhil.mehrotra@idbi.co.in |
|
Nature of
instrument creating charge |
Declaration and
Undertaking Two Memorandum of
Entry Two |
|
Date of
instrument Creating the charge |
04.06.2012 |
|
Amount secured
by the charge |
Rs.640.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest
CC:Base Rate plus 3.25% p.a. (Currently Base Rate is 10.50% p.a.)
payable monthly, WCDL: to be decided at the time of each drawdown; LC : 1.00%
p.a. plus ST; BC/TCBG : 0.90% p.a plus ST. Terms of
Repayment Repayable on Demand / Due Date. Margin CC : 25% of current assets comprising RM/WIP/FG and receivables (Not
more than 90 days). WCDL : NIL LC/BC/TCBG : 10% way of FDR Extent and
Operation of the charge First pari passu charge on entire current assets and movables. |
|
Short
particulars of the property or asset(s) charged (including complete address
and location of the property) |
Hypothecation on
first pari passu charge by way hypothecation on entire stock of raw
materials, semi finished and finished goods, consumable stores and other
current assets present and future. Hypothecation on
first pari passu charge entire movables, including movable machinery,
machinery spares, tools and accessories, present and future. Entire immovable
properties at Unit No. 70 admeasuring 702 Sq. Feet, Unit No. 75 admeasuring
702 sq. feet and Unit No. 93 admeasuring 790 sq. feet on the 2nd floor of Mistry
Industrial Complex Premises Cooperative Society Limited situated on Survey
No. 84/5 (pt), 18(pt) and 19/4
(pt), C.S. No. 237, Village
Mulgaon, Andheri (East), Mumbai in the
state of EM of Entire non
agricultural land bearing survey No.75, Hissa No. 1 admeasuring 400 sq. Mtrs.
at Village Shiravali,Taluka Vasai, Distt.Thane
in the State of Maharashtra together with all buildings, structures and
sheds constructed thereon and all plant and machinery attached to earth. Entire non
agricultural land bearing survey No. 91 Hissa No. 2 admeasuring 33200 sq,
Mtrs. at Village Shiravali,Taluka
Vasai, Distt.Thane in the State of |
|
Particulars of
the present modification |
By this
modification EM of property extended
as follows, Entire imm
properties at Unit No. 70 admeasuring 702 Sq. ft. Unit no. 75 admeasuring 702
sq. ft and Unit No. 93 admeasuring 790 sq. ft 2nd floor of Mistry Ind Complex
Premises Coop Soceity Limited ,C .S. No. 237 ,MIDC Cross
Road"A" Mulgaon Andheri East Mumbai Entire non
agricultural land bearing survey No. 75 Hissa No. 1 admeasuring 400 sq. Mtrs
.and survey No. 91 Hissa No. 2 admeasuring 33200 sq,at Vill
Shiravali, Taluka Vasai, Distt.Thane |
TRADE REFERENCE:
·
Perica Industries
·
Bcom Computer
FIXED ASSETS
- Building
- Land
- Plant and
Machinery
- Office
Premises
- Computer
Systems
- Electrical
Fittings
- Dies and
Moulds
- Office
Equipment
- Furniture and
Fixture
- Vehicles
CMT REPORT (Corruption, Money Laundering and Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered
forfeited for violation of money laundering or international anti-terrorism
laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.47 |
|
|
1 |
Rs.87.63 |
|
Euro |
1 |
Rs.71.11 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
BYI |
SCORE and 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 |
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 |
|
48 |
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 and 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.