MIRA
INFORM REPORT
|
Report Date : |
07.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
SWAN ENVIRONMENTAL PRIVATE LIMITED |
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|
|
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Registered
Office : |
Plot No. 922 and 935, Swami Ayyappa Co-Operative Society, Madhapur, Hyderabad-500081,
Andhra Pradesh |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
19.05.1988 |
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Com. Reg. No.: |
01-008656 |
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Capital
Investment / Paid-up Capital : |
Rs.10.009 Millions |
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|
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CIN No.: [Company Identification
No.] |
U92110AP1988PTC008656 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYD502155G |
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PAN No.: [Permanent Account No.] |
AADCS4126R |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Dealers in Electronic Pollution Control and monitoring Equipments. |
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No. of
Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 148052 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct. The company can be considered normal 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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
|
Registered Office : |
Plot No. 922 and 935, Swami Ayyappa Co-Operative Society, Madhapur,
Hyderabad-500081, |
|
Tel. No.: |
91-40-40216184/ 85 |
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Fax No.: |
91-40-40216183 |
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E-Mail : |
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Website : |
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Branches : |
Located at: ·
·
·
·
Mumbai ·
·
Ahmedabad ·
·
Chennai ·
Kolkata |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. CH. Vijay Kumar |
|
Designation : |
Managing Director |
|
Address : |
922 and 935, Swami Ayyappa Co-Operative Society, Madhapur,
Hyderabad-500081, |
|
Date of Birth/Age : |
08.02.1964 |
|
Date of Appointment : |
16.08.1993 |
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 |
U92110AP1988PTC008656 |
SWAN ENVIRONMENTAL PRIVATE
LIMITED |
Managing director |
16/08/1993 |
16/08/1993 |
- |
Active |
NO |
|
2 |
U24114AP2001PTC037760 |
STARTECH LABS PRIVATE
LIMITED |
Managing director |
06/09/2001 |
06/09/2001 |
- |
Active |
NO |
|
3 |
U85190DL2008PTC173569 |
SWAN ENVIRONMENTAL NORTH
PRIVATE LIMITED |
Director |
05/02/2008 |
05/02/2008 |
- |
Active |
NO |
|
4 |
U74999MH2008PTC180390 |
SWAN ENVIRONMENTAL WEST
PRIVATE LIMITED |
Director |
24/03/2008 |
24/03/2008 |
- |
Active |
NO |
|
5 |
U93000WB2008PTC131592 |
SWAN ENVIRONMENTAL
INSTRUMENTS EAST PRIVATE LIMITED |
Director |
30/12/2008 |
30/12/2008 |
- |
Active |
NO |
|
6 |
U32200AP2009PTC064057 |
Swan Realtime Network
Private Limited |
Director |
19/06/2009 |
19/06/2009 |
- |
Active |
NO |
|
Name : |
Mrs. Geeta Chadalvada |
|
Designation : |
Director |
|
Address : |
922 and 935, Swami Ayyappa Co-Operative Society, Madhapur,
Hyderabad-500081, |
|
Date of Birth/Age : |
29.05.1969 |
|
Date of Appointment : |
08.05.1996 |
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 |
U92110AP1988PTC008656 |
SWAN ENVIRONMENTAL PRIVATE
LIMITED |
Director |
08/05/1996 |
08/05/1996 |
- |
Active |
NO |
|
2 |
U24114AP2001PTC037760 |
STARTECH LABS PRIVATE
LIMITED |
Whole-time director |
08/03/2004 |
08/03/2004 |
- |
Active |
NO |
|
3 |
U85190DL2008PTC173569 |
SWAN ENVIRONMENTAL NORTH
PRIVATE LIMITED |
Director |
05/02/2008 |
05/02/2008 |
- |
Active |
NO |
|
4 |
U74999MH2008PTC180390 |
SWAN ENVIRONMENTAL WEST
PRIVATE LIMITED |
Director |
24/03/2008 |
24/03/2008 |
19/01/2009 |
Active |
NO |
|
5 |
U32200AP2009PTC064057 |
Swan Realtime Network
Private Limited |
Director |
19/06/2009 |
19/06/2009 |
- |
Active |
NO |
|
Name : |
Ms. CH. Yasoda |
|
Designation : |
Director |
|
Address : |
922 and 935, Swami Ayyappa Co-Operative Society, Madhapur,
Hyderabad-500081, |
|
Date of Birth/Age : |
21.11.1940 |
|
Date of Appointment : |
08.04.1996 |
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 |
U92110AP1988PTC008656 |
SWAN ENVIRONMENTAL PRIVATE
LIMITED |
Director |
08/05/1996 |
08/05/1996 |
- |
Active |
|
|
Name : |
Mr. Koneru Rao Jaganmohan
|
|
Designation : |
Whole Time Director |
|
Address : |
513, Block V, |
|
Date of Birth/Age : |
09.11.1942 |
|
Date of Appointment : |
08.05.1996 |
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 |
U92110AP1988PTC008656 |
SWAN ENVIRONMENTAL PRIVATE
LIMITED |
Director |
08/05/1996 |
08/05/1996 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Ch. Vijay Kumar |
|
33560 |
|
Ch. Geeta |
|
45320 |
|
Ch. Yasoda |
|
5350 |
|
A.V. Tulasi |
|
5000 |
|
V D Gurunadh |
|
4970 |
|
A Naryana Rao |
|
4000 |
|
Ch. Vijay Kumar – HUF |
|
1890 |
|
Total |
|
100090 |
Equity Share Breakup (Percentage of Total Equity)
AS ON 30.09.2011
|
Category |
|
Percentage of
Holding |
|
Bodies corporate (not mentioned above) |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealers in Electronic Pollution Control and monitoring Equipments. |
GENERAL INFORMATION
|
Bankers : |
State Bank of |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
V Sitaram and Company Chartered Accountant |
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Address : |
3-5-806/2, 1st Floor, |
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Associates : |
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Subsidiaries : |
Startech Labs Private Limited U24114AP2001PTC037760 |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
125000 |
Equity Shares |
Rs. 100/- each |
Rs. 12.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100090 |
Equity Shares |
Rs. 100/-
each |
Rs.10.009
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 |
10.009 |
10.009 |
10.009 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
27.004 |
20.448 |
15.597 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
37.013 |
30.457 |
25.606 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
33.581 |
13.992 |
10.487 |
|
|
2] Unsecured Loans |
4.072 |
13.241 |
13.595 |
|
|
TOTAL BORROWING |
37.653 |
27.233 |
24.082 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
74.666 |
57.690 |
49.688 |
|
|
|
|
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APPLICATION OF FUNDS |
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|
|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
38.121 |
2.452 |
3.011 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
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INVESTMENT |
13.130 |
13.131 |
13.131 |
|
|
DEFERREX TAX ASSETS |
0.438 |
0.000 |
0.000 |
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
13.344
|
13.567
|
12.399 |
|
|
Sundry Debtors |
49.163
|
33.093
|
23.084 |
|
|
Cash & Bank Balances |
2.654
|
3.084
|
1.072 |
|
|
Other Current Assets |
9.026
|
16.556
|
10.356 |
|
|
Loans & Advances |
3.503
|
4.954
|
4.068 |
|
Total
Current Assets |
77.690
|
71.254
|
50.979 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
24.577
|
15.840
|
7.370 |
|
|
Other Current Liabilities |
26.537
|
10.757
|
7.863 |
|
|
Provisions |
3.599
|
2.550
|
2.200 |
|
Total
Current Liabilities |
54.713
|
29.147
|
17.433 |
|
|
Net Current Assets |
22.977
|
42.107
|
33.546 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
74.666 |
57.690 |
49.688 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
104.198 |
86.051 |
|
|
|
Other Income |
|
8.806 |
7.692 |
|
|
|
TOTAL (A) |
191.770 |
113.004 |
93.743 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Increase/ Decrease in Stock |
|
[1.169] |
[3.839] |
|
|
|
Cost of Purchases |
|
78.013 |
68.330 |
|
|
|
Salaries and other Benefits |
NA |
18.547 |
18.521 |
|
|
|
Other Expenses |
|
9.508 |
3.466 |
|
|
|
TOTAL |
NA |
104.899 |
86.478 |
|
|
|
|
|
|
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|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
16.345 |
8.105 |
7.265 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.428 |
0.704 |
0.957 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
9.917 |
7.401 |
6.308 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.361 |
2.550 |
2.791 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
6.556 |
4.851 |
3.517 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.42
|
4.29
|
3.75 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
7.10
|
7.33 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.56
|
10.04
|
11.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27
|
0.24
|
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.49
|
1.85
|
1.62 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.42
|
2.44
|
2.92 |
LOCAL AGENCY FURTHER INFORMATION
Note:
The Registered office of the company has been shifted from 3rd
Floor, SRM Chambers, H. No. 1-58/7,
OPERATIONAL
PERFORMANCE
The
Company is involved in the business of
marketing
very highly sensitive, sophisticated and result oriented products in the field of
Environmental
pollution monitoring. The company's operations
have been
very encouraging, during the year and have
recorded good growth in the turnover and also in the income.
The company has been very successful in marketing these products, which are result of research carried on by various multi national companies located in the United States of America, Singapore and other parts of the world. The company markets these research products, which are also updated from time to t me by the various suppliers who are the world leaders in supplying the Environmental Pollution. The company has expanded into many active fields like Pharma, Biotechnology Food, Water and Agriculture by introducing latest instruments to meet the international quality standards.
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U92110AP1988PTC008656 |
|
Name of the company |
SWAN ENVIRONMENTAL PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
Plot No. 922 and 935, Swami Ayyappa Co-Operative Society, Madhapur,
Hyderabad-500081, |
|
This form is for |
Modification of charge |
|
Type of charge |
Book Debts Movable Property Floating Charge |
|
Particular of charge holder |
State Bank of India |
|
Nature of instrument creating charge |
1) Supplemental Agreement of Hypothecation
of Goods and Assets for increase in the overall Limit (Form C.2-A). 2) Letter regarding the grant of individual
limits within the overall limit (Form C.5). 3) Supplemental Agreement of loan for
increase in the overall limit (Form C.1-A). |
|
Date of instrument Creating the charge |
01/06/2011 |
|
Amount secured by the charge |
Rs.62.797 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest CC: At 6% above Base Rate, Base
Rate=9.25%, effective ROI = 15.25% p.a. with monthly rests. 2. SLC: At 7.00%
above base rate. 3. TL: As per the existing
arrangement. Terms of Repayment 1) Working Capital : On demand. 2) Term Loan: As per existing arrangement. Margin 1) Raw Materials, Stocks-in-process &
Finished Goods - 25% 2) Term Loan - 25% 3) Book Debts / Receivables (60 days) -
25% 4) Letter of Credit & BGs - 20%. Extent and Operation of the charge The charge operates as security, inter
alia, for the due repayment by the company to the State Bank of India,
Balanagar Branch, Hyderabad for its limits sanctioned to the extent of Rs.627.97 lakhs, together with interest, additional
interest, liquidated damages, commitment charges, premia on prepayment or on
redemption, costs, charges, expenses and all other moneys payable by the
Company to State Bank of India, Balanagar Branch, Hyderabad. |
|
Short particulars of the property charged |
Hypothecation of Exclusive first charge on
all the current assets of the company namely stocks stores and spares not
relating to Plant and Machinery (Consumable stores and spares), Bills
Receivables and book debts and all other other current assets of the
borrower. Hypothecation of the whole of the movable properties of the company
(Fixed Assets) including its movable Plant and Machinery whether attached to
the earth or otherwise, machinery spares, tools and accessories and others. |
|
Date of instrument modifying the charge |
19/03/2010 |
|
Particulars of the present modification |
The existing limits of Rs.428.42 lakhs is
enhanced to Rs.627.97 lakhs. The
details of the individual limits are as under: (Amount Rs. in lakhs) 1) Cash Credit : Rs. 25.000 2) SLC : Rs. 7.500 3) TL - 1 : Rs. 0.297 6) LC : Rs. 10.000 7) BG : Rs. 20.000 |
|
Corporate
identity number of the company |
U92110AP1988PTC008656 |
||||||||||||||||
|
Name of the
company |
SWAN ENVIRONMENTAL PRIVATE LIMITED |
||||||||||||||||
|
Address of the
registered office or of the principal place of business in |
Plot No. 922 and 935, Swami Ayyappa Co-Operative Society, Madhapur,
Hyderabad-500081, |
||||||||||||||||
|
This form is for |
Modification of
charge |
||||||||||||||||
|
Charge
identification number of the charge to be modified |
90116306 |
||||||||||||||||
|
Type of charge |
Book Debts Movable Property Floating Charge |
||||||||||||||||
|
Particular of
charge holder |
State Bank of |
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|
Nature of
instrument creating charge |
1) Agreement of Hypothecation of Goods and
Assets 2) Letter Regarding the grant of individual
limits within the overall limits 3) Agreement of Loan for overall limit 4) Link Letter |
||||||||||||||||
|
Date of
instrument Creating the charge |
19.03.2010 |
||||||||||||||||
|
Amount secured by
the charge |
Rs. 42.842
Millions |
||||||||||||||||
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 1) CC and SLC: at 1.50% above SBAR,
SBAR=11.75%, present effective rate of interest being 13.25% p.a. 2) Care at 8.00% 3) TL I and II: at 0.50 below SBAR i.e.
11.25% p.a. with monthly rests Terms of
Repayment 1) Working Capital on Demand 2) Term Loan I: As per its original
arrangement 3) Term Loan II: Repayable in 36 EMI of Rs.
0.013 Million commencing form after one month from disbursal. Margin 1) Raw Materials, Stock-in-process and
Finished Goods – 20% 2) Term Loan – 25% 3) Book Debts/ Receivables (60 Days( - 25% 4) Letter of Credit and BGs – 20% Extent and
Operation of the charge The charge
operates as security, inter alia, for the due repayment by the company to the
State Bank of |
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|
Short particulars
of the property charged |
Hypothecation of
Exclusive first charge on all the current asses of the company namely stocks
and spares not relating to Plant and Machinery (Consumable stores and Spares)
bills receivables and book debts and all other current assets of the
borrower. Hypothecation of
the whole of the moveable properties of the company (Fixed Assets) including
its movable plant and machinery whether attached to the earth or otherwise,
machinery spares, tools and accessories and others. |
||||||||||||||||
|
Date of
instrument modifying the charge |
10.09.2009 |
||||||||||||||||
|
Particulars of
the present modification |
The existing
limits of Rs. 28.192 Millions in enhanced to Rs. 42.842 Millions. The details
of the individual limits are as under (Rs. In Millions)
|
Fixed Assets:
·
Furniture and Fixture
·
Computer
·
Plant and Machinery
·
Office Equipments
·
Fans
·
Air Conditioners
·
Scooter
·
Multimedia Projector
·
Buildings
·
Epabx/ Fax Machine
·
Xerox Machine
·
·
Tuscon Car
·
Electrical Equipments
·
Tata Indica Car
·
TVS – XI Moped
·
Bajaj Ct-100
·
Bajaj Ct-100
·
Hero Honda Passion
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.48.67 |
|
|
1 |
Rs.76.75 |
|
Euro |
1 |
Rs.63.56 |
SCORE & 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 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
44 |
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.