1. Summary Information
|
|
|
Country |
India |
|
Company Name |
INFINITY INDUSTRIES PRIVATE LIMITED |
Principal Name 1 |
Mr. Lakhamshi Jethalal Gala |
|
Status |
Moderate |
Principal Name 2 |
Mr. Bhavesh Lakhamshi Gala |
|
|
|
Registration # |
11-131865 |
|
Street Address |
Haroon House,
1st Floor, 294, Perin Nariman Street, RBI Fort, Mumbai – 400001, Maharashtra,
India |
||
|
Established Date |
04.05.2001 |
SIC Code |
-- |
|
Telephone# |
91-22-40462288 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-40462277 |
Business Style 2 |
Importer |
|
Homepage |
Product Name 1 |
Publishing Paper |
|
|
# of employees |
Not Available |
Product Name 2 |
Pre Gum Sheets |
|
Paid up capital |
Rs.106,000,000/- |
Product Name 3 |
Print Supplies |
|
Shareholders |
Bodies corporate - 9.78% Directors or relatives of Directors - 90.22% |
Banking |
ICICI Bank |
|
Public Limited Corp. |
NO |
Business Period |
11 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (34) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
198,474,000 |
Current Liabilities |
205,715,000 |
|
Inventories |
199,603,000 |
Long-term Liabilities |
276,121,000
|
|
Fixed Assets |
246,108,000 |
Other Liabilities |
8,208,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
490,044,000 |
|
Invest& other Assets |
873,000 |
Retained Earnings |
23,014,000 |
|
|
|
Net Worth |
155,014,000 |
|
Total Assets |
645,058,000 |
Total Liab. & Equity |
645,058,000 |
|
Total Assets (Previous Year) |
443,963,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
1,077,927,000 |
Net Profit |
12,098,000 |
|
Sales(Previous yr) |
1,011,104,000 |
Net Profit(Prev.yr) |
9,162,000 |
MIRA
INFORM REPORT
|
Report Date : |
04.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
INFINITY INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Haroon House, 1st Floor, 294, Perin Nariman Street, RBI Fort, Mumbai –
400001, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
04.05.2001 |
|
|
|
|
Com. Reg. No.: |
11-131865 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.106.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21015MH2001PTC131865 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMI04028D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Importer and Supplier of Paper. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 620000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
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 small 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office / Head Office : |
Haroon House, 1st Floor, 294, Perin Nariman Street, RBI Fort, Mumbai –
400001, Maharashtra, India |
|
Tel. No.: |
91-22-40462288 / 22672288 |
|
Mobile No.: |
|
|
Fax No.: |
91-22-40462277 / 22672277 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Next to All Saints High School,
Pissa Dam Road, Off Mumbai Nasik Highway, Near BMC Water Filtration Plant,
Village: Bhavale, Taluka: Bhiwandi, District: Thane, Maharashtra, India |
|
Tel. No.: |
91-2522-302288 |
|
E-Mail : |
|
|
|
|
|
Branch Offices : |
Located at ·
Delhi ·
Ahmedabad ·
Chennai |
DIRECTORS
As on 31.03.2011
|
Name : |
Mr. Lakhamshi Jethalal Gala |
|
Designation : |
Director |
|
Address : |
23, Central Building, Chowpatty Sea Face, Mumbai - 400 006,
Maharashtra, India |
|
Date of Birth/Age : |
10.03.1956 |
|
Date of Appointment : |
04.05.2001 |
|
DIN No.: |
00064710 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U21010MH1990PTC057251 |
Gala
Paper Industries (India) Private Limited |
Director |
13-08-90 |
13-08-90 |
- |
Active |
NO |
|
2 |
L21012GJ1961PLC001073 |
Speciality
Papers Limited |
Director |
30-11-96 |
30-11-96 |
05-12-09 |
Active |
NO |
|
3 |
U51700MH2000PTC124483 |
Miki
Industries and Companies Private Limited |
Director |
24-02-00 |
24-02-00 |
- |
Active |
NO |
|
4 |
U21015MH2001PTC131865 |
Infinity
Industries Private Limited |
Director |
04-05-01 |
04-05-01 |
- |
Active |
NO |
|
5 |
U21010MH2001PTC132453 |
Outlook
Impex (India) Private Limited |
Director |
22-06-01 |
22-06-01 |
- |
Active |
NO |
|
6 |
U45201MH2001PTC133318 |
Royal
Outlook Developers (Mumbai) Private Limited |
Director |
06-04-05 |
06-04-05 |
- |
Active |
NO |
|
7 |
U21012PN2002PTC017224 |
Paper
Plus Technologies Private Limited |
Director |
29-09-07 |
21-03-07 |
27-06-11 |
Active |
NO |
|
8 |
U70100MH1981PTC025900 |
Hasmukh
Estates Private Limited |
Director |
31-08-07 |
31-08-07 |
- |
Active |
NO |
|
9 |
U45200MH2004PTC149906 |
Prabhat
Plaza Private Limited |
Director |
18-01-08 |
18-01-08 |
- |
Active |
NO |
|
10 |
U51909MH2004PTC147812 |
Felicity
Multitrade Private Limited |
Additional
director |
21-02-11 |
21-02-11 |
- |
Active |
NO |
|
Name : |
Mr. Bhavesh Lakhamshi Gala |
|
Designation : |
Director |
|
Address : |
23, Central Building, Chowpatty Sea Face, Mumbai - 400 006,
Maharashtra, India |
|
Date of Birth/Age : |
22.05.1979 |
|
Date of Appointment : |
04.05.2001 |
|
DIN No.: |
00064870 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U21010MH1990PTC057251 |
Gala
Paper Industries (India) Private Limited |
Director |
03-11-97 |
03-11-97 |
Active |
NO |
|
2 |
U51700MH2000PTC124483 |
Miki
Industries and Companies Private Limited |
Director |
24-02-00 |
24-02-00 |
Active |
NO |
|
3 |
U21015MH2001PTC131865 |
Infinity
Industries Private Limited |
Director |
04-05-01 |
04-05-01 |
Active |
NO |
|
4 |
U21010MH2001PTC132453 |
Outlook
Impex (India) Private Limited |
Director |
22-06-01 |
22-06-01 |
Active |
NO |
|
5 |
U45201MH2001PTC133318 |
Royal
Outlook Developers (Mumbai) Private Limited |
Director |
06-04-05 |
06-04-05 |
Active |
NO |
|
6 |
U51909MH2004PTC147812 |
Felicity
Multitrade Private Limited |
Director |
27-06-08 |
27-06-08 |
Active |
NO |
|
7 |
U45200MH2004PTC149906 |
Prabhat
Plaza Private Limited |
Director |
30-09-10 |
20-03-10 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2011
|
Names of Shareholders |
|
No. of Shares |
|
L. J. Gala – HUF Jointly with Sushila L. Gala |
|
4,002,600 |
|
Lakhamshi J. Gala Jointly with Sushila L. Gala |
|
4,744,600 |
|
Bhavesh L. Gala Jointly with Beena B. Gala |
|
1,884,200 |
|
Sushilaben L. Gala Jointly with Lakhamshi J. Gala |
|
714,000 |
|
Beena B. Gala Jointly with Bhavesh L. Gala |
|
263,000 |
|
Bhavesh L. GGaallaa-HUF Jointly with Lakhamshi J. Gala |
|
1,804,000 |
|
Outlook Impex (India) Private Limited, India |
|
1,467,600 |
|
Parul Jiten Shah |
|
120,000 |
|
Total |
|
15,000,000 |
As on 31.03.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
9.78 |
|
Directors or relatives of Directors |
90.22 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Importer and Supplier of Paper. |
|
|
|
|
Products : |
·
Coated Paper and Board ·
Uncoated Woodfree Paper ·
Packaging Boards ·
Fine Papers ·
Publishing Paper ·
Pre Gum Sheets ·
Print Supplies |
GENERAL INFORMATION
|
Customers : |
·
Unilever ·
Outlook ·
India Today ·
Staples Stationery ·
Thompson Press |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Union Bank of India, Bazargate Street Branch,
266, Perin Nariman Street, Fort, Mumbai – 400 001, Maharashtra, India ·
lClCl Bank |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
James Shah and Company Chartered Accountants |
|
Address : |
230/231, Majestic Shopping Centre, 2nd Floor, 144, J. S. Road,
Girgaon, Mumbai – 400004, Maharashtra, India |
|
PAN.: |
AAFPS8223G |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000
Millions |
|
|
|
|
|
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000 |
Equity Shares |
Rs.10/- each |
Rs.110.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10600000 |
Equity Shares |
Rs.10/- each |
Rs.106.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
106.000 |
106.000 |
7.500 |
|
|
2] Share Application Money |
26.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
23.014 |
10.975 |
11.791 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
155.014 |
116.975 |
19.291 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
226.590 |
116.058 |
99.395 |
|
|
2] Unsecured Loans |
49.531 |
61.100 |
43.680 |
|
|
TOTAL BORROWING |
276.121 |
177.158 |
143.075 |
|
|
DEFERRED TAX LIABILITIES |
8.208 |
2.088 |
0.184 |
|
|
|
|
|
|
|
|
TOTAL |
439.343 |
296.221 |
162.550 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
246.108 |
169.305 |
16.587 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.500 |
0.500 |
0.500 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
199.603
|
105.250 |
123.935 |
|
|
Sundry Debtors |
143.118
|
149.325 |
121.675 |
|
|
Cash & Bank Balances |
10.282
|
4.486 |
7.651 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
45.074
|
14.867 |
21.934 |
|
Total
Current Assets |
398.077
|
273.928 |
275.195 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
100.351
|
91.493 |
74.567 |
|
|
Other Current Liabilities |
105.364
|
53.626 |
52.261 |
|
|
Provisions |
0.000
|
2.623 |
3.072 |
|
Total
Current Liabilities |
205.715
|
147.742 |
129.900 |
|
|
Net Current Assets |
192.362
|
126.186 |
145.295 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.373 |
0.230 |
0.168 |
|
|
|
|
|
|
|
|
TOTAL |
439.343 |
296.221 |
162.550 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1077.927 |
1011.104 |
753.677 |
|
|
|
Other Income |
12.161 |
6.579 |
4.419 |
|
|
|
TOTAL (A) |
1090.088 |
1017.683 |
758.096 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost Of Goods Sold |
1016.246 |
971.870 |
725.211 |
|
|
|
Operative & Other Expenses |
11.722 |
12.293 |
8.665 |
|
|
|
Personnel Expenses |
7.268 |
4.882 |
4.354 |
|
|
|
TOTAL (B) |
1035.236 |
989.045 |
738.230 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
54.852 |
28.638 |
19.866 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
30.613 |
13.875 |
9.638 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
24.239 |
14.763 |
10.228 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.021 |
1.074 |
0.379 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
18.218 |
13.689 |
9.849 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
6.120 |
4.527 |
3.072 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
12.098 |
9.162 |
6.777 |
|
|
|
|
|
|
|
|
|
Add / (Less) |
TAXATION FOR
EARLIER YEARS |
(0.058) |
0.021 |
(0.015) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
10.974 |
11.791 |
5.214 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Bonus Shares |
0.000 |
10.000 |
0.000 |
|
|
|
Differed Tax Liability |
0.000 |
0.000 |
0.185 |
|
|
BALANCE CARRIED
TO THE B/S |
23.014 |
10.974 |
11.791 |
|
|
|
|
|
|
|
|
|
|
TOTAL IMPORTS |
414.519 |
242.859 |
103.591 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.11
|
0.90 |
0.89 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.69
|
1.35 |
1.31 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.83
|
3.09 |
3.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.12 |
0.51 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.11
|
2.78 |
14.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.94
|
1.85 |
2.12 |
LOCAL AGENCY FURTHER INFORMATION
Form 8:
|
Corporate
identity number of the company |
U21015MH2001PTC131865 |
|
Name of the
company |
INFINITY
INDUSTRIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
Haroon House, 1st Floor, 294, Perin Nariman Street, RBI Fort, Mumbai –
400001, Maharashtra, India E-Mail : reliable@galagroup.net
|
|
This form is for
|
Creation of charge |
|
Type of charge |
Book debts Movable property
(not being pledge) |
|
Particular of
charge holder |
Union Bank of India, Bazargate Street Branch, 266, Perin Nariman
Street, Fort, Mumbai – 400 001, Maharashtra, India E-Mail : cbsbazargate@unionbankofindia.com
|
|
Nature of
instrument creating charge |
Hypothecation
Agreement of Goods and Debts |
|
Date of
instrument Creating the charge |
24.10.2011 |
|
Amount secured
by the charge |
Rs.50.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Base Rate +8.50%
per annum with monthly rests or such other rate as may be revised by the Bank
from time to time Terms of
repayment On Demand Margin As per sanction
terms Extent and
operation of the charge To secure Adhoc
Cash Credit (Hypothecation) facility of Rs.50.000 Millions granted by the
Bank to the Company |
|
Short
particulars of the property or asset(s) charged (including complete address
and location of the property) |
The Borrower hereby
Hypothecates by way of First Charge in favour of the Bank :- 1 Stock which
expression shall include all Raw Materials, semi Finished and Finished Goods,
Consumable Stores and Spares and Movable Property of any kind now or at any
time hereafter belonging to or at the disposal of the Borrower and which are
now stored or being stored or which hereafter may from time to time be
brought into or stored to be in or about the Borrower's premises or godown/s
at Byculla and Bhavale and at other centres hired by the Borrower for the
purposes of storage in the Union of India and all other places of storage
whatsoever at or at any other place in the Union of India or wherever else
they may be The Borrower's Book-Debts, Outstandings, Monies, Deposits,
Receivables, Claims and Bills Contracts, Securities Investments which are now
due and owing or which may at any time hereafter during the continuance of
this security becoming due and owing to the Borrower in the course of its
business by any person or party including any Government or any local or
public body or authority (all of which are hereinafter collectively referred
to as "the said debts") |
Fixed Assets:
·
Air condition
·
Electric Installation
·
Water Cooler
·
Telephone System
·
Computer
·
Motor Cycle
·
Vehicles
·
Equipments
·
Land
·
Factory building
·
Warehouse
·
Office Building
·
Sheeter Machine
·
Furniture and Fixtures
·
Fork Lift
·
Weigh Bridge
·
Compressor
·
Website Details:
History:
They are an end-to-end paper solutions provider, consistently delivering
products and services ranging from best-in-class paper and boards in a variety
of sizes, GSM and quality to inks and offset plates. They are one of the
leading paper merchants in India and one of the largest importers of paper and
paper products from overseas. Their paper is used for a variety of purposes,
such as: greeting cards, books, note-books, printing and photo copier paper,
packing and packaging by a variety of clients from corporate to printing
houses.
Their history dates back to 1973; when their Founder and Chairman, Mr.
L. J. Gala started retailing paper under the name of Reliable Paper Mart. By
1981 Mr. L.J. Gala kick started the formal operations under the name Reliable
Paper Company (RPC). In years to come RPC gained recognition among its clients
as a well established distributor in the domestic and imported paper segment.
For over 25 years, RPC has been the paper merchant of choice for the entire
market and have transformed the paper business by bringing in superlative
quality with a well-recognized track record of performance.
In the year 2001 subject was launched as a sister concern of RPC with an
intention to deal in imported paper separately. Today, Infinity has expanded
and grown to become one of the leading paper merchants in India and one of the
largest importers of paper and paper products from overseas. Infinity also
boasts of one of the finest post-production finishing houses (at Bhavale, close
to Mumbai Nasik Highway) in India. Infinity Industries invokes a great sense of
trust from a rich client base ranging from corporate such as Unilever to end
retail consumers and from print houses to traders.
They as a group, provide a complete range of services by leveraging
their domain and business expertise and strategic alliances with leading paper
manufacturers and suppliers world over. They cater to all kinds of clients:
traders, printing houses, corporate and retail customers. They recognize the
needs, limitations and expectations of all their clients. Therefore, they
customize to the last detail so that their customers not only get the best deal
possible but also in the most effortless manner.
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.48.96 |
|
|
1 |
Rs.77.47 |
|
Euro |
1 |
Rs.64.40 |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
34 |
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.