|
Report Date : |
31.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
MANOHAR FILAMENTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B- 59, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
08.09.1989 |
|
|
|
|
Com. Reg. No.: |
55-037636 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.16.093 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1989PTC037636 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM08313E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer In Garment Trims. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1010000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The profitability
of the company appears to be low in the current year and the external
borrowing appears to be huge. However, performance capacity seems to be good. Trade relations are
reported to be fair. Business is active. Payments are reported to be slow but
correct. The company can be considered for business dealing with some
caution. |
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 |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
BB+( ICRA) |
|
Rating Explanation |
Having moderate risk of default regarding timely servicing of
financial obligation. |
|
Date |
November - 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.
LOCATIONS
|
Registered Office : |
B- 59, G T Karnal Road, Industrial Area, New Delhi – 110033, India |
|
Tel. No.: |
91-11-47030300 |
|
Fax No.: |
91-11-47030333 / 27122092 |
|
E-Mail : |
|
|
Website: |
|
|
Factory 1 : |
142-143, HSIDC Industrial Estate, Kundali, District Sonepat, Haryana, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
91-130-2219240 / 1 /2 |
|
|
|
|
Factory 2 : |
421-422, EPIP, Kundali, District Sonepat, Haryana, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
|
|
|
Branches 1: |
500/1 Arul Complex, 1st Floor, P.N. road, Tirapur – 641602,
India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
91-421-4332545 |
|
E-Mail : |
|
|
|
|
|
Branches 2: |
58, 1st floor, Krishna building, 5th cross,
sample road, malleshweram Circle, Bangalore - 560003 |
|
Tel. No.: |
91-80-41490252 |
|
E-Mail : |
|
|
|
|
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Bhupinder Kumar Jain |
|
Designation : |
Director |
|
Address : |
E-5, Phase-1, Ashok Vihar New Delhi – 110052, India |
|
Date of Birth/Age : |
27.12.1950 |
|
Date of Appointment : |
08.09.1989 |
|
DIN No.: |
00394122 |
|
|
|
|
Name : |
Mr. Kamal Jain |
|
Designation : |
Director |
|
Address : |
E-5, Phase-1, Ashok Vihar New Delhi – 110052, India |
|
Date of Birth/Age : |
12.02.1954 |
|
Date of Appointment : |
15.04.1993 |
|
DIN No.: |
00393877 |
|
|
|
|
Name : |
Mr. Surinder Kumar Jain |
|
Designation : |
Director |
|
Address : |
E-5, Phase-1, Ashok Vihar New Delhi – 110052, India |
|
Date of Birth/Age : |
28.11.1953 |
|
Date of Appointment : |
15.04.1993 |
|
DIN No.: |
00394182 |
|
|
|
MAJOR SHAREHOLDERS
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Bhupinder Kumar Jain |
|
196130 |
|
Kamal Jain |
|
183824 |
|
Surinder kumar Jain |
|
85210 |
|
Amit jain |
|
124800 |
|
Manohar lal and Jain and sons (huf) |
|
280693 |
|
Surinder kumar Jain and sons(huf) |
|
43545 |
|
Bhupinder kumar Jain and sons (huf) |
|
42220 |
|
Trishla Jain |
|
42016 |
|
Poonam Jain |
|
62750 |
|
Ashish Jain |
|
30750 |
|
Sonaly Jain |
|
24750 |
|
Jyoti Jain |
|
20850 |
|
Suruchi Jain |
|
20250 |
|
Master samyak Jain |
|
150000 |
|
Manish Jain |
|
101250 |
|
Decent consultancy and mgnt services Private limited |
|
178996 |
|
Ram chander jain and ram chander Jain (HUF) |
|
1 |
|
Ajit prasad jain and Santosh Jain |
|
1 |
|
Alok gupta and Surekha Gupta |
|
1 |
|
Angoori devi Jain |
|
1 |
|
Ramesh chand Jain HUF and Praveen Kumar Jain |
|
1 |
|
Darshan Jain |
|
1 |
|
Jain kumar's (HUF) and Nem Kumar Jain |
|
1 |
|
Mukta sharma and Manju Enterprises |
|
1 |
|
Narender Jain |
|
1 |
|
Prabhati Lal Naukar Chand |
|
1 |
|
Parveen Kumar Sethia |
|
1 |
|
Rakesh kumar Jain |
|
1 |
|
Rishi Sharma , Rita Sharma and Roop Kishore Sharma |
|
1 |
|
Neeru Jain |
|
1 |
|
Subhash chand (karta) |
|
1 |
|
Sunil Jaria And Kamla Jaria and Deepak Jaria |
|
1 |
|
Urmil Jain, Arun Kumar and Dharam Chand |
|
1 |
|
Neelam Rani and Praveen Kumar Jain |
|
1 |
|
Praveen Jain |
|
1 |
|
Poonam Jain and Sunita Jain |
|
1 |
|
Manish Jain and Sonaly Jain and Swarn Kanta Jain |
|
1 |
|
V.K Jain and Subhas Chand (HUF) |
|
1 |
|
Geeta Sharma |
|
1 |
|
R.S. Oswal and Company |
|
1 |
|
Hem Raj Jain (HUF) |
|
1 |
|
Dharam Pal Jain And Leelawati Jain |
|
1 |
|
Kusum Jain and Padma Jain and RK Jain and Sons(HUF) |
|
1 |
|
Ajay Kumar Jain Hufand Pradeep Kumar Jain |
|
1 |
|
Usha Jain And anu Jain And Pushpa Jain |
|
1 |
|
Mohan Lal Jain and Padma Jain |
|
1 |
|
Hari Chand Bansal and Renu Jain and Dinesh Kumar Jain |
|
1 |
|
A.K. Jain and Company. Rishi Kumar`S HUF and Sons |
|
1 |
|
Mapple-e-solution limited |
|
2500 |
|
Total |
|
1590566 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
11.38 |
|
Directors or relatives of Directors |
88.58 |
|
Other top fifty shareholders |
0.04 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer in Garment Trims. |
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
Ing Vysya Bank Limited, Narian Manzil, Ground Floor, Shop No. G1 To G5, I Floor,Shop No.1001 To 1007,Barakhamba Road, New Delhi - 110001, Delhi, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
----- |
|
|
|
|
Auditors : |
|
|
Name : |
Sunil K. Mittal and Company Chartered Accountants |
|
Address : |
8-D , Hansalaya Building,
Barakhambha Road, New Delhi 110001, India |
|
Tel No.: |
91-11-23358616 / 23358617 / 23716601 |
|
Email: |
|
|
PAN No.: |
AAAPJ1310J |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs.10/- each |
Rs. 80.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1740566 |
Equity Shares |
Rs.10/- each |
Rs. 17.405 Millions |
|
|
|
|
|
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs.10/- each |
Rs. 80.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1609316 |
Equity Shares |
Rs.10/- each |
Rs. 16.093 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 |
16.093 |
16.093 |
16.093 |
|
|
2] Share Application Money |
94.900 |
97.400 |
72.200 |
|
|
3] Reserves & Surplus |
142.189 |
140.275 |
150.988 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
253.182 |
253.768 |
239.281 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
221.719 |
174.122 |
157.338 |
|
|
2] Unsecured Loans |
77.043 |
67.523 |
60.747 |
|
|
TOTAL BORROWING |
298.762 |
241.645 |
218.085 |
|
|
DEFERRED TAX LIABILITIES |
5.634 |
4.814 |
9.932 |
|
|
|
|
|
|
|
|
TOTAL |
557.578 |
500.227 |
467.298 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
373.946 |
288.866 |
276.036 |
|
|
Capital work-in-progress |
19.182 |
95.115 |
36.489 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.030 |
0.030 |
0.030 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
92.013
|
100.911 |
61.448 |
|
|
Sundry Debtors |
174.318
|
125.725 |
116.241 |
|
|
Cash & Bank Balances |
3.347
|
11.264 |
18.033 |
|
|
Other Current Assets |
14.629
|
12.511 |
0.000 |
|
|
Loans & Advances |
12.632
|
14.389 |
7.618 |
|
Total
Current Assets |
296.939
|
264.800 |
203.340 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
76.011
|
72.070 |
38.600 |
|
|
Other Current Liabilities |
52.885
|
73.821 |
7.703 |
|
|
Provisions |
3.623
|
2.693 |
2.294 |
|
Total
Current Liabilities |
132.519
|
148.584 |
48.597 |
|
|
Net Current Assets |
164.420
|
116.216 |
154.743 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
557.578 |
500.227 |
467.298 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
615.466 |
518.375 |
472.154 |
|
|
|
Other Income |
8.712 |
2.716 |
2.266 |
|
|
|
TOTAL (A) |
624.178 |
521.091 |
474.420 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
346.943 |
348.191 |
317.700 |
|
|
|
Change in Inventory |
7.127 |
(15.991) |
(7.080) |
|
|
|
Employee Benefit Expense |
86.222 |
55.144 |
0.000 |
|
|
|
Other Expenses |
82.743 |
66.917 |
106.695 |
|
|
|
TOTAL (B) |
523.035 |
454.261 |
417.315 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
101.143 |
66.830 |
57.105 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
36.870 |
24.197 |
11.261 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
64.273 |
42.633 |
45.844 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
61.020 |
58.433 |
32.020 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3.253 |
(15.800) |
13.824 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
1.339 |
5.087 |
5.220 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
1.914 |
(10.713) |
8.604 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
43.447 |
54.160 |
45.556 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
45.361 |
43.447 |
54.160 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
1.20 |
(6.74) |
5.41 |
|
|
|
Diluted |
1.20 |
(6.74) |
5.41 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.31
|
(2.06) |
1.81 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.53
|
3.05 |
2.93 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.48
|
2.85 |
1.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.06 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.70
|
1.54 |
1.11 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.24
|
1.78 |
4.18 |
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
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
------------------------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
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] |
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 |
No |
|
34] |
External Agency Rating,
if available |
Yes |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U74899DL1989PTC037636 |
|
Name of the
company |
MANOHAR FILAMENTS
PRIVATE.LIMITED. |
|
Address of the
registered office or of the principal place of business in |
B-59 G.T. Karnal
Road Industrial Area New Delhi 110033 Delhi India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10353021 |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
Ing Vysya Bank
Limited 1893,Chandni Chowk, Opposite
Daribakalan, Delhi 110006 India |
|
Nature of
instrument creating charge |
Letter of Deposit
of Title Deeds. |
|
Date of
instrument Creating the charge |
11.07.2012 |
|
Amount secured by
the charge |
Rs. 270.050
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest No Change Terms of
Repayment No Change Margin No Change Extent and Operation
of the charge First charge on
the immovable property of the company. Others Nil |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Immovable
property bearing Industrial Plot No.531-32, Industrial Estate Barhi,
measuring 8174.83 square meter. |
WORKING OF THE
COMPANY
The company has
earned a net profit of Rs. 3.253
Million as compared to a profit of Rs. (15.800 Millions) in the previous year. The company achieved gross
sales of Rs. 615.466 Millions against
Rs 518.375 Millions in the
previous year. This shows an increase in turnover by 18.72%. The Industries are facing global recession and there was
liquidity crunch in the market, in spite of the above facts the company has
been able to manage the increase in turnover and earnings. More than 90% of
company’s product are directly exported or sold to exporters and recession in
USA & Europe has adversely affected the performance of the company due to
decrease in the demand and accordingly the price of finished products have also
fallen. In current year the new product which we have started manufacturing in
Barhi has been well accepted in the market and will add to increase in turnover
& profits during the current year inspite of the recession.
CONTINGENT LIABILITY
.
·
There is a contingent liability amounting to Rs.
0.500 Millions as the Company stands as surety to Sales tax department Distt.
Sonepat Haryana viz., Rs. 0.200 Millions in favour of Sharman Udyog Private
Limited Rs. 0.200 Millions in favour of
Jain Label Private. Limited. and Rs.0.100 Millions in respect of Best Label
Company Private. Limited. and Rs. 0.050 Millions as the Company mstands as
surety to Sales tax department Distt. Sonepat Haryana in favour of Green Fiesta
Private. Limited.
·
There is a Contingent Liability amounting to
Rs.0.202 Millions towards Haryana Local Area Development Tax for A.Y. 2000‐01, for which the
company has filed the appeal in Supreme Court of India.
·
There is a Contingent Liability amounting to
Rs.0.078 Millions towards Interest for Haryana Local Area Development Tax For
A.Y. 2003‐04, for which the company has filed the appeal in
Commissioner of
·
Sales Tax (Rohtak).
·
There is a contingent liability amounting to Rs.
0.050 Millions ‐ as the Company stands as surety to Sales tax
department Distt. Sonepat Haryana in favour of Green Fiesta Private. Limited.
·
There is a contingent liability amounting to Rs.
1.126 Millions as the Company has given the Bank Guarantees to the Deputy
Commissioner of Customs, Delhi, Assistant Commissioners of Customs and
President of India against import of machineries and stores and spares under
EPCG scheme and Rs. 0.400 Millions ‐ to the Haryana
Air Pollution Control Board and FLC in favour of machinery supplier For USD
67000.
·
Estimated amount of contracts (net of advances)
remaining to be executed on capital account and not provided for USD 67000 for
the imported machine from Qingdao Meiguang Machinery Company Limited. China.
·
There is a Contingent Liability amounting to
Rs.0.189 Millions towards payment of D‐Vat and Rs. 0.188
Millions towards CST for F.Y. 2004‐05, for which the
company has Paid Rs. 0.025 Millions ‐ towards VAT and
Rs. 0.005 Millions for CST and filed the appeal in Commissioner of Sales Tax,
(Delhi).
TANGIBLE ASSETS
·
Land and Building
·
Plant and Machinery
·
Fire Extinguisher
·
Weighing Machine
·
Furnitures and Fixtures
·
Office Equipments
·
Computers
·
Electrical Installation
·
C.C.T.V.
·
Vehicles
·
Air Conditioners
·
Telephone and Telex
·
Water Tank
INTANGIBLE ASSETS
·
Computer Software
·
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 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 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.54.85 |
|
|
1 |
Rs.88.39 |
|
Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Report Prepared
by : |
SPN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
|
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
36 |
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.