MIRA
INFORM REPORT
|
Report Date : |
10.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
ALFA BATTERIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.12,13,14 A, L. K. Akiwate Industrial Co-Operative Estate,
Akiwate Udyamnagar, Jaysinghpur, Kolhapur – 416144, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
19.08.2009 |
|
|
|
|
Com. Reg. No.: |
11-134520 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4.600 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31402PN2009PTC134520 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
KLPA02319C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAHCA9495R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Automotive Batteries, Stationary Batteries, Inverter
Batteries etc. |
|
|
|
|
No. of Employees
: |
65 (Approximately) (In Office + In Factory) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 62000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade 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 |
INFORMATION PARTED BY
|
Name : |
Mr. Rajendra Joshi |
|
Designation : |
Director |
|
Contact No.: |
91-9890939693 |
|
Date : |
06.02.2012 |
LOCATIONS
|
Registered Office : |
Plot No.12,13,14 A, L. K. Akiwate Industrial Co-Operative Estate,
Akiwate Udyamnagar, Jaysinghpur, Kolhapur – 416144, Maharashtra, India |
|
Tel. No.: |
91-2322-661262 |
|
Mobile No.: |
91-9890939693 (Mr. Rajendra Joshi) |
|
Fax No.: |
91-2322-661261 |
|
E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
As on 30.09.2011
|
Name : |
Mrs. Supriya Sachin Joshi |
|
Designation : |
Director |
|
Address : |
303, Paranjape Scheme,
Royal Retreat, Hr-1, Mahadik Colony, Kolhapur – 416005, Maharashtra, India |
|
Date of Birth : |
01.06.1974 |
|
Date of Appointment : |
01.04.2010 |
|
DIN No.: |
00347925 |
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 |
U31402PN2004PTC019510 |
PMK
ENERGY PRIVATE LIMITED |
Director |
14-07-04 |
14-07-04 |
31-10-11 |
Active |
NO |
|
2 |
U31402PN2009PTC134520 |
ALFA
BATTERIES PRIVATE LIMITED |
Director |
30-04-10 |
01-04-10 |
- |
Active |
NO |
|
Name : |
Mr. Prakash Manohar Kulkarni |
|
Designation : |
Director |
|
Address : |
1st Floor, Swapnil Apartment,
Near Kranti Clinic, Civil Hospital Road, Sangli – 416416, Maharashtra, India |
|
Date of Birth: |
21.09.1951 |
|
Date of Appointment : |
19.08.2009 |
|
DIN No.: |
00658706 |
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 |
U27209PN2006PTC128363 |
STERLING
LEAD PRIVATE LIMITED |
Director |
01-08-06 |
01-08-06 |
- |
Active |
NO |
|
2 |
U31402PN2009PTC134520 |
ALFA
BATTERIES PRIVATE LIMITED |
Director |
30-09-11 |
19-08-09 |
16-01-12 |
Active |
NO |
|
3 |
U31402PN2004PTC019510 |
PMK
ENERGY PRIVATE LIMITED |
Director |
18-10-11 |
18-10-11 |
- |
Active |
NO |
|
Name : |
Mr. Rajendra Govind Joshi |
|
Designation : |
Managing director |
|
Address : |
Viraappt, Flat
No.4, Mahadik Colony, Kolhapur – 416001, Maharashtra, India |
|
Date of Birth : |
17.01.1956 |
|
Date of Appointment : |
01.04.2010 |
|
DIN No.: |
00658939 |
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 |
U27209PN2006PTC128363 |
STERLING
LEAD PRIVATE LIMITED |
Director |
01-08-06 |
01-08-06 |
- |
Active |
NO |
|
2 |
U31402PN2005PTC021043 |
GANESH
ACCUMULATORS PRIVATE LIMITED |
Director |
01-09-07 |
01-09-07 |
- |
Active |
NO |
|
3 |
U31402PN2009PTC134520 |
ALFA
BATTERIES PRIVATE LIMITED |
Managing
director |
30-09-11 |
01-04-10 |
- |
Active |
NO |
|
Name : |
Mrs. Sakshi Sanjay Joshi |
|
Designation : |
Director |
|
Address : |
A-7, C.S.
N0.246, Shree Krishna Colony, Kolhapur – 416005, Maharashtra, India |
|
Date of Birth : |
25.11.1971 |
|
Date of Appointment : |
01.04.2010 |
|
DIN No.: |
01086803 |
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 |
U31402PN2004PTC019510 |
PMK
ENERGY PRIVATE LIMITED |
Director |
14-07-04 |
14-07-04 |
31-10-11 |
Active |
NO |
|
2 |
U27209PN2006PTC128363 |
STERLING
LEAD PRIVATE LIMITED |
Director |
29-09-10 |
01-04-10 |
- |
Active |
NO |
|
3 |
U31402PN2009PTC134520 |
ALFA
BATTERIES PRIVATE LIMITED |
Director |
30-04-10 |
01-04-10 |
- |
Active |
NO |
|
Name : |
Mrs. Pallavi Prakash Kulkarni |
|
Designation : |
Director |
|
Address : |
1st Floor, Swapnil
Apartment, Near Kranti Clinic, Civil Hospital Road, Sangli – 416416,
Maharashtra, India |
|
Date of Birth: |
16.04.1956 |
|
Date of Appointment : |
19.08.2009 |
|
DIN No.: |
02704610 |
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 |
U31402PN2009PTC134520 |
ALFA
BATTERIES PRIVATE LIMITED |
Director |
30-04-10 |
19-08-09 |
16-01-12 |
Active |
NO |
|
2 |
U31402PN2004PTC019510 |
PMK
ENERGY PRIVATE LIMITED |
Director |
18-10-11 |
18-10-11 |
- |
Active |
NO |
|
Name : |
Mr. Ajit Vishnu Joshi |
|
Designation : |
Director |
|
Address : |
Royal Retreat,
Hr-2, Paranjape Scheme", Flat No 501/508, Mahadik Vasahat, Kolhapur –
416005, India |
|
Date of Birth : |
19.03.1957 |
|
Date of Appointment : |
01.04.2010 |
|
DIN No.: |
03072022 |
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 |
U27209PN2006PTC128363 |
STERLING
LEAD PRIVATE LIMITED |
Director |
29-09-10 |
01-04-10 |
- |
Active |
NO |
|
2 |
U31402PN2009PTC134520 |
ALFA
BATTERIES PRIVATE LIMITED |
Director |
30-04-10 |
01-04-10 |
- |
Active |
NO |
|
Name : |
Mrs. Sonal Rajendra Joshi |
|
Designation : |
Director |
|
Address : |
Vasantraj, Cs.
No.510/B, Plot No. 36, Ghatge Colony, Kadamwadi Road, Kolhapur - 416 101,
Maharashtra, India |
|
Date of Birth : |
21.04.1960 |
|
Date of Appointment : |
19.08.2009 |
|
DIN No.: |
02705594 |
|
|
|
|
Name : |
Mrs. Pratibha Prabhakar Joshi |
|
Designation : |
Director |
|
Address : |
Royal Retreat,
Hr-1, Paranjape Scheme", Flat No 301, Mahadik Vasahat, Kolhapur –
416005, India |
|
Date of Birth: |
08.08.1950 |
|
Date of Appointment : |
15.10.2010 |
|
DIN No.: |
02869143 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Prakash Kulkarni |
|
13330 |
|
Pallavi Kulkarni |
|
18250 |
|
Sonal Joshi |
|
18650 |
|
Asha Joshi |
|
7500 |
|
Pratibha Joshi |
|
7500 |
|
Ajit Vishnu Joshi |
|
990 |
|
Rajendra Govind Joshi |
|
7000 |
|
Sanjay Rachandra Joshi |
|
6000 |
|
Sakshi Sanjay Joshi |
|
1600 |
|
Supriya Sachin Joshi |
|
3200 |
|
Smita Uday Parale |
|
10 |
|
Total |
|
84030 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
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 |
|
|
Bodies corporate |
|
|
Directors or relatives of Directors |
100.00 |
|
Other top fifty shareholders |
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Automotive Batteries, Stationary Batteries, Inverter
Batteries etc. |
|
|
|
|
Products : |
·
Automotive Batteries ·
Stationary Batteries ·
Inverter Batteries ·
Solar Batteries ·
Maintenance Free Automotive Batteries ·
Lead Acid Batteries ·
Heat Sealed Batteries |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS
As on 31.03.2011
|
Particulars |
Unit |
Actual
Production |
|
Batteries 6 A2.5 TO DIN 55 |
Nos. |
98171 |
|
Batteries A 70 TO 180 |
Nos. |
7616 |
|
Batteries A 45 P TP 200P |
Nos. |
14457 |
|
Batteries 2V Traction |
Nos. |
304 |
|
Batteries for Inverters |
Nos. |
11230 |
GENERAL INFORMATION
|
Suppliers : |
·
Malika Mould Private Limited ·
Action Security Services ·
Ajit B Hatgine ·
Ameya Management and Consultancy ·
Bharat Industrial Corporation ·
Bidnurkar Conceptionist ·
Chaitnya Marketing ·
Chavan Manohar Balasaheb(Cntact) ·
Daramic Battery Separator India Private Limited ·
Diya Conctruction ·
Durga Agency ·
Dynamic Hydrolic ·
Electronic Instruments and Devices ·
Foundry Equipment Engineers ·
Ganesh Accumulators Private Limited ·
Ghatage Patil Transport Limited ·
Hariom Glass and Ploywood Center ·
Hemant Mudran ·
Industrial Trading Corporation ·
L.I.C. of India ·
Modern Traders |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
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|
Customers : |
Wholesalers and Retailers ·
DCM Batteries ·
Shree Enterprises, Kolhapur, Maharashtra, India ·
Swastik Battery, Pune, Maharashtra, India ·
Jignesh Auto Electric Company, Surat, Gujarat,
India ·
A.K. Trading And Company, Nagpur, Maharashtra,
India ·
Accumen Enterprises ·
chougule Industries ·
Anand Battery Services ·
Blue Star Power -Raipur ·
Indus Batteries ·
Kirti Battery Services ·
Mantri Moters ·
Meghdoot Battery Services ·
Mhaswadkar Autolines Private Limited ·
Microtex Energy Private Limited ·
Modern Battery Corporation ·
Modern Battery and Spares ·
Modern Sales and Services ·
M. S. Traders ·
Om Ganesh Batteries ·
Pradnya Battery Services ·
Premier Acid ·
Rajendra Battery |
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|
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|
No. of Employees : |
65 (Approximately) (In Office + In Factory) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Bank of Baroda, Jaysinghpur Branch ·
ICICI Bank ·
HDFC Bank ·
Fedrel Bank |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
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|
Facilities : |
Cash Credit : Rs.30.000
Millions (From Bank of Baroda) Term Loan : Rs.4.900 Millions
(From Bank of Baroda)
|
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
S.S. Kulkarni Chartered Accountants |
|
Address : |
338, 'E', "Matri-Pitri- Chhaya", Station Road, Kolhapur –
416001, Maharashtra, India |
|
PAN.: |
ABZPK2933N |
|
|
|
|
Memberships : |
Indian Battery and Accessories Industries
Welfare Association, Mumbai, Maharashtra, India |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
84030 |
Equity Shares |
Rs.100/-
each |
Rs.8.403
Millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
46000 |
Equity Shares |
Rs.100/-
each |
Rs.4.600
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
4.600 |
4.600 |
|
|
2] Share Application Money |
|
1.167 |
0.000 |
|
|
3] Reserves & Surplus |
|
9.728 |
2.692 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
15.495 |
7.292 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
15.844 |
11.681 |
|
|
2] Unsecured Loans |
|
3.908 |
1.447 |
|
|
TOTAL BORROWING |
|
19.752 |
13.128 |
|
|
DEFERRED TAX LIABILITIES |
|
0.020 |
0.034 |
|
|
|
|
|
|
|
|
TOTAL |
|
32.267 |
20.454 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
19.392 |
10.434 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
17.573 |
8.895 |
|
|
Sundry Debtors |
|
28.416 |
21.169 |
|
|
Cash & Bank Balances |
|
0.121 |
0.492 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
1.628 |
0.587 |
|
Total
Current Assets |
|
47.738 |
31.143 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
28.333
|
20.339 |
|
|
Other Current Liabilities |
|
1.367
|
0.091 |
|
|
Provisions |
|
2.163
|
0.693 |
|
Total
Current Liabilities |
|
31.863
|
21.123 |
|
|
Net Current Assets |
|
15.875 |
10.020 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
32.267 |
20.454 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
|
156.167 |
37.106 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
|
139.213 |
32.893 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
16.954 |
4.213 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
2.129 |
0.585 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
14.825 |
3.628 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
1.778 |
0.496 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
13.047 |
3.132 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
3.013 |
0.968 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
10.034 |
2.164 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
2.164 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
9.199 |
2.164 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
152.65 |
47.04 |
|
Expected Sales (2011-2012) : Rs.240.000 Millions
The above information has been parted by Mr. Rajendra Joshi.
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
|
6.43 |
5.83 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
19.44 |
7.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.84 |
0.43 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
3.33 |
4.70 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.50 |
1.47 |
LOCAL AGENCY FURTHER INFORMATION
|
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 one years |
Yes |
|
12) Profitability for last three years |
No |
|
13) Reasons for variation <> 20% |
No |
|
14) Estimation for coming financial year |
Yes |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
No |
|
17) Major suppliers |
Yes |
|
18) Major customers |
Yes |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
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 |
-- |
Operations:
The Company achieved
a turnover of 156.100 Millions for the Current financial year as compared to
Rs. 37.100 Millions of previous financial year. The turnover was as per the
targets fixed by the management. Company made net profit of Rs.10.000 Millions
after taxation for the current financial years. The directors are confident
that Company will achieve even higher targets in coming years.
Trade References:
· DCM Batteries
· Malika Mould Private Limited
Fixed Assets:
·
Building
·
Air Conditioner
·
Weighing Machine
·
Telephone Equipments
·
Furniture and Fixture
·
Computer
·
Fax Machine
·
Vehicles
·
Generator
·
Battery Charger
·
Machinery
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.49.29 |
|
|
1 |
Rs.78.10 |
|
Euro |
1 |
Rs.65.59 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
43 |
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.