MIRA
INFORM REPORT
|
Report Date : |
06.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
JAIN MARMO INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
47/10, Kiran Path, Mansrowar, Jaipur – 302020, Rajasthan |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation
: |
13.08.1981 |
|
|
|
|
Com. Reg. No.: |
002419 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.31.306 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L14101RJ1981PLC002419 |
|
|
|
|
Legal Form : |
A closely held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacture, Exporter and Importer of Marbles |
|
|
|
|
No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 137220 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well 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 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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. M R Shane |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-294-6454666 |
|
Date : |
21.01.2012 |
LOCATIONS
|
Registered Office : |
47/10, Kiran Path, Mansrowar, Jaipur – 302020, Rajasthan, India |
|
Mobile No.: |
91-9829051520 (Mr. Siddharth Jain) |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Opposite Diamond Petrol Pump, N.H. 8, Sukher, Udaipur – 313004,
Rajasthan, India |
|
Tel. No.: |
91-294-2441666 |
|
Fax No.: |
91-294-2440581 |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Sidharth Jain |
|
Designation : |
Director |
|
Address : |
D-14, Green Park, New Delhi – 1100016, Delhi, India |
|
Date of Birth/Age : |
04.06.1975 |
|
Date of Appointment : |
27.03.2003 |
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 |
U14102RJ1996PTC012096 |
SOUVERIGN MINERALS PVT LTD |
Director |
13/03/2001 |
13/03/2001 |
- |
Active |
NO |
|
2 |
U45201RJ1996PTC012718 |
BHIKSHU MINERALS PRIVATE
LIMITED |
Director |
02/07/2001 |
02/07/2001 |
- |
Active |
NO |
|
3 |
L14101RJ1981PLC002419 |
JAIN MARMO INDUSTRIES
LIMITED |
Director |
27/03/2003 |
27/03/2003 |
- |
Active |
NO |
|
4 |
U14101RJ2000PTC016382 |
OMEGA MARMO STONES PRIVATE
LIMITED |
Director |
30/09/2008 |
02/09/2006 |
- |
Active |
NO |
|
5 |
U45201RJ2011PTC036120 |
SAMKIT RESORTS AND
PROPERTIES PRIVATE LIMITED |
Director |
09/08/2011 |
09/08/2011 |
- |
Active |
NO |
|
Name : |
Mr. Chand Jain |
|
Designation : |
Director |
|
Address : |
D-14, Green Park, New Delhi – 1100016, Delhi, India |
|
Date of Birth/Age : |
28.02.1943 |
|
Date of Appointment : |
01.09.1995 |
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 |
U65921WB1995PTC068809 |
L C J FINANCE PVT. LTD. |
Director |
02/03/1995 |
02/03/1995 |
- |
Active |
NO |
|
2 |
L14101RJ1981PLC002419 |
JAIN MARMO INDUSTRIES
LIMITED |
Director |
01/09/1995 |
01/09/1995 |
11/08/2011 |
Active |
NO |
|
Name : |
Mr. Sanjay Jain |
|
Designation : |
Director |
|
Address : |
D-14, Green Park, New Delhi – 1100016, Delhi, India |
|
Date of Birth/Age : |
04.06.1971 |
|
Date of Appointment : |
01.10.1992 |
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 |
L14101RJ1981PLC002419 |
JAIN MARMO INDUSTRIES
LIMITED |
Whole-time director |
01/09/2007 |
01/10/1992 |
- |
Active |
NO |
|
2 |
U14101RJ1996PTC012093 |
PERFECT MARBLES PVT LTD |
Director |
08/03/2001 |
08/03/2001 |
- |
Active |
NO |
|
3 |
U45201RJ1996PTC012718 |
BHIKSHU MINERALS PRIVATE
LIMITED |
Director |
02/07/2001 |
02/07/2001 |
- |
Active |
NO |
|
4 |
U45201RJ2011PTC036087 |
SHRISH ESTATES AND RESORTS
PRIVATE LIMITED |
Director |
05/08/2011 |
05/08/2011 |
- |
Active |
NO |
|
Name : |
Mr. Manoj Kumar Bhutoria |
|
Designation : |
Director |
|
Address : |
D-14, Green Park, New Delhi – 1100016, Delhi, India |
|
Date of Birth/Age : |
27.10.1966 |
|
Date of Appointment : |
27.03.2003 |
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 |
U14101RJ1996PTC012095 |
TANISQ MARBLES PVT LTD |
Director |
03/09/2000 |
03/09/2000 |
- |
Active |
NO |
|
2 |
U14101RJ1996PTC012093 |
PERFECT MARBLES PVT LTD |
Director |
08/03/2001 |
08/03/2001 |
- |
Active |
NO |
|
3 |
L14101RJ1981PLC002419 |
JAIN MARMO INDUSTRIES
LIMITED |
Director |
27/03/2003 |
27/03/2003 |
- |
Active |
NO |
|
4 |
U14101RJ2000PTC016382 |
OMEGA MARMO STONES PRIVATE
LIMITED |
Director |
29/09/2009 |
22/07/2009 |
- |
Active |
NO |
|
5 |
U70101RJ2010PTC031042 |
BRIGHT STAR REALTY
SOLUTIONS PRIVATE LIMITED |
Director |
23/02/2010 |
23/02/2010 |
- |
Active |
NO |
|
6 |
U45201RJ2011PTC036087 |
SHRISH ESTATES AND RESORTS
PRIVATE LIMITED |
Director |
05/08/2011 |
05/08/2011 |
- |
Active |
N |
|
Name : |
Mr. Ram Swaroop Nandwana |
|
Designation : |
Director |
|
Address : |
D-14, Green Park, New Delhi – 1100016, Delhi, India |
|
Date of Birth/Age : |
01.04.2003 |
|
Date of Appointment : |
20.03.2008 |
|
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 |
L14101RJ1981PLC002419 |
JAIN MARMO INDUSTRIES LIMITED |
Director |
31/03/2008 |
20/03/2008 |
- |
Active |
NO |
|
2 |
U70101RJ2010PTC031042 |
BRIGHT STAR REALTY
SOLUTIONS PRIVATE LIMITED |
Director |
23/02/2010 |
23/02/2010 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
Shri Chand Jain |
544,870 |
|
Prakash Chand Jain |
304,200 |
|
Suresh Chand Jain |
221,170 |
|
Kanwari Devi |
219,400 |
|
G.P.L.F. Pvt. Ltd. |
195,000 |
|
Crb Trustee Ltd. A/C Crb Mutual |
150,000 |
|
L.C.J. Finance Pvt. Ltd. |
140,000 |
|
Sanjay Jain |
107,350 |
|
Naresh Kumar Jain |
85,000 |
|
Bineet Kumar Bhutoria |
58,800 |
|
K.R Bagaria (Huf) |
56,300 |
|
Maghi Bagaria |
49,900 |
|
Seema Jain |
48,000 |
|
Madhukar Bagria |
41,500 |
|
Ajay Kumar Punia |
40,200 |
|
Jai Bhikshu Investment P. Ltd. |
37,500 |
|
Wintur Sales Promotion P.Ltd. |
37,380 |
|
Bhikam Chand Jain |
36,640 |
|
Neetu Jain |
35,000 |
|
Haridarshan Tracom P. Ltd. |
35,000 |
|
Mohini Devi Bagaria |
34,500 |
|
Sarvan Bagria |
34,500 |
|
Kanchan Devi |
34,000 |
|
Anicaps Finance Pvt. Ltd. |
31,800 |
|
Meena Bagaria |
31,200 |
|
K.R Bagaria |
31,000 |
|
Siddharth Jain |
30,080 |
|
Empathy Distributors P. Ltd. |
30,000 |
|
Sushma Jain |
26,690 |
|
Souverign Securities Pvt. Ltd. |
25,900 |
|
Munni Ram |
25,700 |
|
Sumeet Jain |
25,200 |
|
Nagraj Bhutoria |
24,500 |
|
Amit Jain |
22,920 |
|
Manjula Jain |
21,200 |
|
Kanak Jain |
15,000 |
|
Kailsh Chand Jain |
14,900 |
|
Nice Securities Pvt. Ltd. |
12,500 |
|
Gini Devi Bhutoria |
10,600 |
|
Sandeep Jain |
8,250 |
|
Aditya Jain |
5,200 |
|
Sneh Lata Bhutoria |
4,400 |
|
Brij Mohan Bajiya |
4,200 |
|
Rajiv Bagaria |
1,500 |
|
Mohini Bagaria |
1,500 |
|
Mena Bagaria |
1,500 |
|
Minaxi Shah |
1,400 |
|
Tejal Jhaveri |
1,300 |
|
Jain Shantilal H. |
900 |
|
Sardaben Natvarlal |
900 |
|
Beena Jain |
700 |
|
Ram Kanwar |
700 |
|
Murari Lal Jain |
700 |
|
Abdul Gaffar Rander |
700 |
|
Irafan Ahmed |
700 |
|
Ahmed Ali Choudhary |
700 |
|
Abheda Ahemd Choudhary |
700 |
|
Kalu Ram Bagaria |
700 |
|
Vinay Kumar Balwantraj |
700 |
|
Jyotsana Kothari |
700 |
|
Shobha Kothari |
700 |
|
Beena Goyal |
500 |
|
Ghisi Devi Jain |
400 |
|
Hanuman Ram Prajapat |
400 |
|
Ramakishan Prajapat |
400 |
|
G. Chouwan |
400 |
|
Jai Singh Chordiya |
400 |
|
Usha Khanna |
400 |
|
Yash Pal Khanna |
400 |
|
Alka Jain |
400 |
|
Kusum Raizada |
400 |
|
Rekha Bhutoria |
400 |
|
Balwant Raj Sagarmal |
400 |
|
Dinesh Goyal |
400 |
|
Rupal Vinay Kumar |
300 |
|
Sanjay Kumar Balwantraj |
300 |
|
Mahendra Mehta |
200 |
|
Banwari Lal Goswami |
200 |
|
Rajesh Kumar Jaroli |
200 |
|
Kailash Chand Jain |
200 |
|
Kunj Bihari Sharma |
200 |
|
Gulab Singh |
200 |
|
Om Prakash Shrma |
200 |
|
Babulal Mali |
200 |
|
Bhoj Raj Bothra |
200 |
|
Sarbeswar Dash Adhikari |
200 |
|
Madhukar Bagaria |
200 |
|
Ramesh Mehta |
200 |
|
Girdhar Verma |
200 |
|
Prakash Kothari |
200 |
|
Devaram Jat |
200 |
|
Vimal Kumar Jain |
200 |
|
Motilal Chippa |
200 |
|
Pukraj Mali |
200 |
|
Hukmaram Mali |
200 |
|
Rekha Kumari Jain |
200 |
|
Mahindar Singh Rathor |
200 |
|
Nirmal Kumar Jain |
200 |
|
Harak Chand Soni |
200 |
|
Bansi Mali |
200 |
AS ON 30.09.2010
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
3.19 |
|
Bodies corporate |
17.41 |
|
Directors or relatives of Directors |
58.46 |
|
Other top fifty shareholders |
11.05 |
|
Others |
5.10 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture, Exporter and Importer of Marbles |
|
|
|
|
Exports : |
|
|
Products : |
Marble |
|
Countries : |
Middle East |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
Italy ·
Turkey |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash, Credit |
|
|
|
|
Purchasing : |
L/C, Cash, Credit |
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
|
|
Unit |
Actual
Production |
|
Irregular (Net of Wastage) |
|
|
Sq. Mtrs |
57728 |
|
Job Work |
|
|
Sq. Mtrs |
377 |
GENERAL INFORMATION
|
No. of Employees : |
25 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
Canara Bank, 9 C, Madhuban, Udaipur - 313001, Rajasthan,
India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
A Bafna and Company Chartered Accountant |
|
Address : |
K-2, Raj Apartment, Keshav Path, Near Ahinsa Circle, C Scheme, Jaipur
– 302001, Rajasthan , India |
|
|
|
|
Associates/Subsidiaries : |
Bhikshu Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3640000 |
Equity Shares |
Rs.10/- each |
Rs.36.400 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3130600 |
Equity Shares |
Rs.10/- each |
Rs.31.306
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
31.306 |
31.306 |
31.306 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2.999 |
2.398 |
2.176 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(0.547) |
|
|
NETWORTH |
34.305 |
33.704 |
32.935 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
6.773 |
6.625 |
8.019 |
|
|
2] Unsecured Loans |
1.222 |
1.154 |
1.091 |
|
|
TOTAL BORROWING |
7.995 |
7.779 |
9.110 |
|
|
DEFERRED TAX LIABILITIES |
2.908 |
2.883 |
2.677 |
|
|
|
|
|
|
|
|
TOTAL |
45.208 |
44.366 |
44.722 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
17.358 |
17.301 |
19.500 |
|
|
Capital work-in-progress |
2.337 |
0.375 |
0.375 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.114 |
0.114 |
0.114 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
23.864
|
20.321 |
7.573 |
|
|
Sundry Debtors |
9.173
|
15.939 |
13.682 |
|
|
Cash & Bank Balances |
2.102
|
0.319 |
3.013 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
6.462
|
2.197 |
8.388 |
|
Total
Current Assets |
41.601
|
38.776 |
32.656 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
10.498
|
6.924 |
4.026 |
|
|
Other Current Liabilities |
5.411
|
5.094 |
3.720 |
|
|
Provisions |
0.293
|
0.182 |
0.177 |
|
Total
Current Liabilities |
16.202
|
12.200 |
7.923 |
|
|
Net Current Assets |
25.399
|
26.576 |
24.733 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
45.208 |
44.366 |
44.722 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
40.820 |
28.123 |
22.751 |
|
|
|
Other Income |
0.463 |
0.358 |
0.043 |
|
|
|
TOTAL (A) |
41.283 |
28.481 |
22.794 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
24.041 |
13.034 |
11.525 |
|
|
|
Manufacturing service costs |
8.999 |
7.728 |
6.976 |
|
|
|
Employee related expenses |
0.995 |
0.769 |
0.000 |
|
|
|
Administrative selling other expenses |
3.484 |
3.075 |
0.000 |
|
|
|
Prior Period Items |
0.025 |
0.000 |
0.013 |
|
|
|
Increased / (Decreased) in Stock |
0.000 |
0.000 |
0.046 |
|
|
|
TOTAL (B) |
37.544 |
24.606 |
18.560 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3.739 |
3.875 |
4.234 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.988 |
0.998 |
1.132 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.751 |
2.877 |
3.102 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.818 |
1.695 |
1.695 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.933 |
1.182 |
1.407 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
0.332 |
0.413 |
0.539 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
0.601 |
0.769 |
0.868 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.221 |
(0.547) |
(1.415) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
0.822 |
0.222 |
(0.547) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
16.245 |
NA |
NA |
|
|
TOTAL IMPORTS |
16.245 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.19 |
0.25 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.46
|
2.70 |
3.80 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.28
|
4.20 |
6.18 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.58
|
2.11 |
2.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03
|
0.04 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.70
|
0.59 |
0.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.56
|
3.18 |
4.12 |
LOCAL AGENCY FURTHER INFORMATION
OPERATION PERFORMANCE AND FUTURE PROSPECTS
The performance of the
Company during the year has remained satisfactory even in sluggish market. The
Company has achieved turnover and other income of Rs. 41.284 Millions during
the year from 1.4.2010 to 31.3.2011 as compared to Rs 28.481 Millions during
Previous Year and earned Net Profit after tax of Rs. 0.601 Million during the
year under review as compared to Rs 0.770 Million during Previous Year.
|
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 |
Yes |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter's background |
-- |
|
8) No. of employees |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
No |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
Yes |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
-- |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
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 |
-- |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
No |
|
28) Incorporation details, if applicable |
-- |
|
29) Last accounts filed at ROC |
-- |
|
30) Major Shareholders, if available |
-- |
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.77.46 |
|
Euro |
1 |
Rs.64.39 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
32 |
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.