MIRA
INFORM REPORT
|
Report Date : |
21.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHREE VAISHNAV CASTING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
104, Shiv Ashish Complex, Plot No. 10, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
01.05.2007 |
|
|
|
|
Com. Reg. No.: |
11-170497 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 14.904 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27310MH2007PTC170497 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of MS Billets |
|
|
|
|
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 1000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
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 and as per commitments. 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 – 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 : |
104, Shiv Ashish Complex, Plot No. 10, |
|
Tel. No.: |
91-22-67304400 |
|
Fax No.: |
91-22-67304411 |
|
E-Mail : |
|
|
|
|
|
Factory : |
B-3, Palkhed MIDC, Tal. Dindori, Dist. Nashik, |
|
Tel. No.: |
91-2557-221400/01 |
|
|
|
|
Admin Office : |
B-10, Nice Area, MIDC, Satpur, Nashik – 422007, |
DIRECTORS
AS ON 27.07.2011
|
Name : |
Mr. Dinesh Shersingh Agarwal |
|
Designation : |
Director |
|
Address : |
Vaishnav Sadan Bunglow no.2, Vikas Classique CHS., Behind
Basant Cinema, Chambur, Mumbai, 400074, |
|
Date of Appointment : |
01.05.2007 |
|
DIN No.: |
00636328 |
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 |
U27300MH1994PTC077564 |
SHREE
VAISHNAV ISPAT PRIVATE LIMITED |
Director |
6/4/1994 |
6/4/1994 |
- |
Active |
NO |
|
2 |
U27100MH2004PTC145976 |
SHREE
VAISHNAV INDUSTRIES PRIVATE LIMITED |
Director |
29/04/2004 |
29/04/2004 |
- |
Active |
NO |
|
3 |
U74900MH2007PTC170481 |
SHREE
VAISHNAV UDYOG PRIVATE LIMITED |
Director |
1/5/2007 |
1/5/2007 |
- |
Active |
NO |
|
4 |
U27310MH2007PTC170497 |
SHREE
VAISHNAV CASTING PRIVATE LIMITED |
Director |
1/5/2007 |
1/5/2007 |
- |
Active |
NO |
|
5 |
U51109WB2005PTC103880 |
SHREE
VAISHNAV METAL AND POWER PRIVATE LIMITED |
Director |
14/03/2008 |
14/03/2008 |
- |
Active |
NO |
|
6 |
U51109WB2005PTC105587 |
SUNBEAM
SUPPLIERS PRIVATE LIMITED |
Director |
31/05/2008 |
31/05/2008 |
- |
Active |
NO |
|
Name : |
Mr. Shersingh Omprakash Agarwal |
|
Designation : |
Director |
|
Address : |
Vaishnav
Sadan Bunglow no.2, Vikas Classique CHS., Behind Basant Cinema, Chambur,
Mumbai, 400074, |
|
Date of Appointment : |
01.05.2007 |
|
DIN No.: |
00636417 |
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 |
U27100MH1996PTC100963 |
SHREE
VAISHNAV ALLOYS PRIVATE LIMITED |
Director |
12/1/2004 |
12/1/2004 |
- |
Active |
NO |
|
2 |
U27100MH2004PTC145976 |
SHREE
VAISHNAV INDUSTRIES PRIVATE LIMITED |
Director |
29/04/2004 |
29/04/2004 |
- |
Active |
NO |
|
3 |
U74900MH2007PTC170481 |
SHREE
VAISHNAV UDYOG PRIVATE LIMITED |
Director |
1/5/2007 |
1/5/2007 |
- |
Active |
NO |
|
4 |
U27310MH2007PTC170497 |
SHREE
VAISHNAV CASTING PRIVATE LIMITED |
Director |
1/5/2007 |
1/5/2007 |
- |
Active |
NO |
|
5 |
U51109WB2005PTC103880 |
SHREE
VAISHNAV METAL AND POWER PRIVATE LIMITED |
Director |
14/03/2008 |
14/03/2008 |
- |
Active |
NO |
|
6 |
U51109WB2005PTC105587 |
SUNBEAM
SUPPLIERS PRIVATE LIMITED |
Director |
31/05/2008 |
31/05/2008 |
- |
Active |
NO |
|
7 |
U27101MH2009PTC192733 |
SHREE
VAISHNAV WIRE AND ROD PRIVATE LIMITED |
Director |
27/05/2009 |
27/05/2009 |
- |
Active |
NO |
|
8 |
U27300MH1994PTC077564 |
SHREE
VAISHNAV ISPAT PRIVATE LIMITED |
Director |
15/11/2010 |
15/11/2010 |
- |
Active |
NO |
|
Name : |
Mr. Mohan Vijayprakash Agrawal |
|
Designation : |
Director
|
|
Address : |
Ramchandra Kutir, 9 Yeshomandir Society, Naer Ravindra
High Schook Takli Road Dwarka, Nashik, 422011, Maharashtra, India |
|
Date of Appointment : |
03.03.2008 |
|
DIN No.: |
00850400 |
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 |
U29230MH2001PTC133277 |
NARSINHA
ENGINEERING PRIVATE LIMITED |
Director |
5/9/2001 |
5/9/2001 |
- |
Active |
NO |
|
2 |
U45200MH2007PTC172915 |
JAI
VIJAY LANDMARKS PRIVATE LIMITED |
Director |
7/8/2007 |
7/8/2007 |
- |
Active |
NO |
|
3 |
U27310MH2007PTC170497 |
SHREE
VAISHNAV CASTING PRIVATE LIMITED |
Director |
3/3/2008 |
3/3/2008 |
- |
Active |
NO |
|
Name : |
Mr. Bhagwandas Ramkisan Agrawal |
|
Designation : |
Director |
|
Address : |
Ramchandra Kutir, 9 Yeshomandir Society, Naer Ravindra High
Schook Takli Road Dwarka, Nashik, 422011, Maharashtra, India |
|
Date of Appointment : |
03.03.2008 |
|
DIN No.: |
00850551 |
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 |
U29230MH2001PTC133277 |
NARSINHA
ENGINEERING PRIVATE LIMITED |
Director |
5/9/2001 |
5/9/2001 |
- |
Active |
NO |
|
2 |
U45200MH2007PTC172915 |
JAI
VIJAY LANDMARKS PRIVATE LIMITED |
Director |
5/2/2008 |
5/2/2008 |
- |
Active |
NO |
|
3 |
U27310MH2007PTC170497 |
SHREE
VAISHNAV CASTING PRIVATE LIMITED |
Director |
3/3/2008 |
3/3/2008 |
- |
Active |
NO |
|
Name : |
Mr. Madhusudhan Bhagwandas
Agrawal |
|
Designation : |
Director |
|
Address : |
Ramchandra Kutir, 9 Yeshomandir Society, Naer Ravindra
High Schook Takli Road Dwarka, Nashik, 422011, Maharashtra, India |
|
Date of Appointment : |
03.03.2008 |
|
DIN No.: |
00850649 |
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 |
U29230MH2001PTC133277 |
NARSINHA
ENGINEERING PRIVATE LIMITED |
Director |
5/9/2001 |
5/9/2001 |
- |
Active |
NO |
|
2 |
U45200MH2007PTC172915 |
JAI
VIJAY LANDMARKS PRIVATE LIMITED |
Director |
7/8/2007 |
7/8/2007 |
- |
Active |
NO |
|
3 |
U27310MH2007PTC170497 |
SHREE
VAISHNAV CASTING PRIVATE LIMITED |
Director |
3/3/2008 |
3/3/2008 |
- |
Active |
NO |
|
Name : |
Mr. Harish Vijayprakash Agrawal |
|
Designation : |
Director |
|
Address : |
Ramchandra Kutir, 9 Yeshomandir Society, Naer Ravindra
High Schook Takli Road Dwarka, Nashik, 422011, Maharashtra, India |
|
Date of Appointment : |
28.01.2009 |
|
Din No.: |
01660944 |
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 |
U45200MH2007PTC172915 |
JAI
VIJAY LANDMARKS PRIVATE LIMITED |
Director |
5/9/2007 |
5/9/2007 |
- |
Active |
NO |
|
2 |
U51109WB2006PTC107779 |
PRABHATARA
VYAPAAR PVT LTD |
Director |
24/12/2008 |
24/12/2008 |
- |
Active |
NO |
|
3 |
U51109WB2006PTC107085 |
SUMANGAL
BARTER PVT LTD |
Director |
25/05/2009 |
25/05/2009 |
- |
Active |
NO |
|
4 |
U29230MH2001PTC133277 |
NARSINHA
ENGINEERING PRIVATE LIMITED |
Director |
1/6/2009 |
1/6/2009 |
- |
Active |
NO |
|
5 |
U27310MH2007PTC170497 |
SHREE
VAISHNAV CASTING PRIVATE LIMITED |
Director |
28/10/2009 |
28/10/2009 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.07.2011
|
Names of Shareholders |
|
No. of Shares |
|
Sherssingh Omprakash Agarwal |
|
44750 |
|
Dinesh Agarwal |
|
16000 |
|
Sunbean Suppliers Private Limited, |
|
389325 |
|
Shree Vaishnav Metal and Power Private Limited |
|
62550 |
|
Bhagwandas agrawal , |
|
25000 |
|
Madhusudhan Agrawal |
|
25000 |
|
Mohan Agrawal |
|
25000 |
|
Prabhatara Vypaar Private Limited, |
|
183200 |
|
Sumanagl Barter Private Limited, |
|
482500 |
|
Shree Vaishnav Industries Private Limited, |
|
82500 |
|
Shree Vaishnav Ispat Private Limited, |
|
149580 |
|
Dinesh Agarwal (HUF) |
|
5000 |
|
|
|
|
|
Total |
|
1490405 |
AS ON 27.07.2011
|
Equity Shares Break
Up |
Percentage |
|
|
|
|
Bodies corporate |
90.56 |
|
Directors or relatives of Directors |
9.44 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of MS Billets |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
State Bank of
India, Swastik Chambers, Sion-Trombay Road, Chembur, Mumbai – 400071,
Maharashtra, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
---- |
|
|
|
|
Auditors : |
|
|
Name : |
M B Agarwal and Company Chartered Accountant |
|
Address : |
204 Mhatre Pen Building, Senapati Bapat Marg, Dadar (West), Mumbai –
400028, |
|
PAN No.: |
AABFM5230D |
|
|
|
|
Associates Companies : |
·
R.V. Steel (Partnership concern) ·
Dinesh Steel (Proprietor Mr. Shersingh Agarwal) ·
Shree Vaishnav Alloys Private Limited ·
Shree Vaishnav Ispat Private Limited ·
Shree Vaishnav Udyog Private Limited ·
Shree Vaishnav Castings Private Limited ·
Shree Vaishnav Finance (Partnership concern) ·
Shree Vaishnav Metal and Power Private Limited ·
Sunbeam Suppliers Private Limited ·
Narsinha Engg. Private Limited ·
Sumangal Barter Private Limited ·
Prabhatara Vyapar Private Limited ·
Agrawal Business Corporation (partnership
concern) |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1490405 |
Equity Shares |
Rs.10/- each |
Rs.14.904
Millions |
|
|
|
|
|
AFTER : 27.07.2011
Authorised Capital : Rs. 20.000 millions
Issued, Subscribed & Paid-up Capital : 15.904 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 |
14.904 |
14.904 |
0.100 |
|
|
2] Share Application Money |
20.000 |
19.500 |
39.423 |
|
|
3] Reserves & Surplus |
217.308 |
133.208 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
252.212 |
167.612 |
39.523 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
349.045 |
277.318 |
0.000 |
|
|
2] Unsecured Loans |
95.732 |
68.600 |
0.000 |
|
|
TOTAL BORROWING |
444.777 |
345.918 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
20.109 |
5.476 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
717.098 |
519.006 |
39.523 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
339.577 |
306.248 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
20.220 |
22.215 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.050 |
0.050 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
389.314
|
123.128 |
0.000 |
|
|
Sundry Debtors |
192.369
|
105.765 |
0.000 |
|
|
Cash & Bank Balances |
35.240
|
10.786 |
0.849 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
28.088
|
26.214 |
18.564 |
|
Total
Current Assets |
645.011
|
265.893 |
19.413 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
70.647 |
2.353 |
|
|
Other Current Liabilities |
257.881
|
0.000 |
0.000 |
|
|
Provisions |
9.807
|
2.957 |
0.000 |
|
Total
Current Liabilities |
267.688
|
73.604 |
2.353 |
|
|
Net Current Assets |
377.323
|
192.289 |
17.060 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.148 |
0.199 |
0.248 |
|
|
|
|
|
|
|
|
TOTAL |
717.098 |
519.006 |
39.523 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
0.000 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
NA |
731.511 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw material and stores consumed |
|
518.615 |
0.000 |
|
|
|
Manufacturing and Operative expenses |
|
171.971 |
0.000 |
|
|
|
Personnel expenses |
|
3.376 |
0.000 |
|
|
|
Selling administrative and other expenses |
NA |
8.282 |
0.000 |
|
|
|
Preliminary expenses |
|
0.050 |
0.000 |
|
|
|
Increase / Decrease in stock |
|
(10.045) |
0.000 |
|
|
|
TOTAL (B) |
NA |
692.249 |
0.000 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
39.262 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
17.343 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
21.919 |
0.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
5.369 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
44.158 |
16.550 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
24.441 |
8.434 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
19.717 |
8.116 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
8.064 |
(0.052) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
21.694 |
Nil |
|
|
|
Capital Goods |
NA |
2.287 |
Nil |
|
|
TOTAL IMPORTS |
NA |
23.981 |
Nil |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
NA |
11.10 |
NA
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
--
|
1.10 |
-- |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.48
|
2.89 |
-- |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.09 |
-- |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.82
|
2.50 |
0.05 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.40
|
3.61 |
8.25 |
LOCAL AGENCY FURTHER INFORMATION
FINANCIAL RESULTS :
During the
financial year, the company earned a Net Profit before tax of Rs. 44.158 millions
(Previous year Rs.16.550 millions. The Profit after tax including provision for
deferred tax is of Rs. 19.717 millions (Previous year Rs. 8.116 millions).
CONTINGENT LIABILITIES :
On Capital account
on contracts (net of advances) remains to executed Rs. Nil (Previous Year Rs.
16.900 millions) and On Bill Payable Rs. Nil
(Previous Year Rs. 20.400 millions )
FORM 8
|
Corporate
identity number of the company |
U27310MH2007PTC170497 |
|
Name of the
company |
SHREE VAISHNAV CASTING
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
104, Shiv Ashish
Complex, Plot No.10, 19th Road, Near Malhar Hotel, Chembur(East),
Mumbai – 400071, Maharashtra, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
Book debts Movable property
(not being pledge) Floating charge |
|
Particular of
charge holder |
State Bank of India, Swastik Chambers, Sion-Trombay Road, Chembur, Mumbai – 400071, Maharashtra, India |
|
Nature of
instrument creating charge |
Supplemental
Agreement of Hypothecation of Goods and
Assets for Increase in the Overall Limit |
|
Date of
instrument Creating the charge |
14/09/2011 |
|
Amount secured by
the charge |
Rs. 796.300
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest As determined by
the Bank from time to time Terms of repayment Working capital -
on demand Margin As prescribed by
the Bank from time to time Extent and operation of the charge First charge Other Nil |
|
Short particulars
of the property charged (Including location of the property) |
All present and
future goods, book-debts and all other movable assets |
|
Date of
instrument modifying the charge |
04/02/2011 |
|
Particulars of
the present modification |
Additional credit
facilities of Rs.191.000 millions granted. Hence, amount of charge increased
from Rs.605.300 millions to Rs.796.300
millions [DCC Rs.300.000 millions, SLC Rs.50.000 millions, T/L (o/s)
Rs.141.800 millions, L/C Rs.250.000 millions, B/G Rs.40.000 millions and Off
Balance Sheet Exposure Rs.14.500 millions] |
FIXED ASSETS :
·
·
·
Plant and Machinery
·
Computers
·
Office Equipments
·
·
Motor Car
·
Furniture
·
Electrical Installation
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. 50.32 |
|
|
1 |
Rs. 77.96 |
|
Euro |
1 |
Rs. 65.30 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
|
45 |
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.