MIRA
INFORM REPORT
|
Report Date : |
24.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
ANUSHAKTI CHEMICALS AND DRUGS LIMITED (w.e.f.11.11.2011) |
|
|
|
|
Formerly Known
As : |
AARTI HEALTHCARE LIMITED |
|
|
|
|
Registered
Office : |
Udyog Kshetra, 2nd Floor, L B S Marg, Mulund Goregao Link
Road, Mulund (West), Mumbai-400080, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
25.08.1992 |
|
|
|
|
Com. Reg. No.: |
11-068275 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 60.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24239MH1992PLC068275 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA22088D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA4760E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Supplier of Chemicals,
Monochloro Benzine, Die Methylene |
|
|
|
|
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 540000 |
|
|
|
|
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) |
|
India |
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 : |
Udyog Kshetra, 2nd Floor, L B S Marg, Mulund Goregao Link
Road, Mulund (West), Mumbai-400080, Maharashtra, India |
|
Tel. No.: |
91-22-25906370 / 67976666 / 25918195 / 67976592 |
|
Fax No.: |
91-22-25904806 / 25921965 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
D-53/D-60, MIDC, Phase II, Kalyan Shil Road, Dombivli (East), District
Thane-421204, Maharashtra, India |
|
Tel. No.: |
91-95251-2871651 / 2870710 |
|
Fax No.: |
91-95251-251287 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Survey No-1430/1, National Highway No-8A, Taluka-Bhachau
District-Kutch, Gandhidham - 370140, Gujarat, India |
DIRECTORS
AS ON 15.09.2010
|
Name : |
Mr. Chandrakant Vallabhaji Gogri |
|
Designation : |
Chairman |
|
Address : |
Antariksha, 6th Floor, Murar Road, Mulund (West),
Mumbai-400080, Maharashtra, India |
|
Date of Birth/Age : |
16.08.1946 |
|
Date of Appointment : |
01.04.2000 |
|
DIN No.: |
00005048 |
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 |
L24110GJ1984PLC007301 |
AARTI
INDUSTRIES LIMITED |
Director |
28-09-84 |
28-09-84 |
- |
Active |
NO |
|
2 |
L37060MH1984PLC055433 |
AARTI
DRUGS LIMITED |
Director |
28-09-84 |
28-09-84 |
- |
Active |
NO |
|
3 |
U67120MH1995PTC084963 |
AARTI
CORPORATE SERVICES LIMITED |
Director |
25-01-95 |
25-01-95 |
11-10-10 |
Active |
NO |
|
4 |
U24239MH1992PLC068275 |
ANUSHAKTI
CHEMICALS AND DRUGS LIMITED |
Director |
01-04-00 |
01-04-00 |
- |
Active |
NO |
|
5 |
U85110MH2001PTC131974 |
PARAKH
HOSPITALS PRIVATE LIMITED |
Director |
14-05-01 |
14-05-01 |
- |
Active |
NO |
|
6 |
U70109MH2002PTC135736 |
CRYSTAL
MILLENNIUM REALTORS PRIVATE LIMITED |
Director |
02-05-02 |
02-05-02 |
- |
Active |
NO |
|
7 |
U24116MH1988PLC046048 |
SURFACTANT
SPECIALITIES LIMITED |
Director |
15-04-04 |
15-04-04 |
21-01-09 |
Amalgamated |
NO |
|
Name : |
Mr. Rajendra Vallabhaji Gogri |
|
Designation : |
Director |
|
Address : |
14th, Antariksha, Murar Road, Mulund (West), Mumbai-400080,
Maharashtra, India |
|
Date of Birth/Age : |
15.12.1959 |
|
Date of Appointment : |
05.05.2000 |
|
DIN No.: |
00061003 |
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 |
L37060MH1984PLC055433 |
AARTI
DRUGS LIMITED |
Director |
29-09-84 |
29-09-84 |
- |
Active |
NO |
|
2 |
L24110GJ1984PLC007301 |
AARTI
INDUSTRIES LIMITED |
Managing
director |
01-07-08 |
06-06-89 |
- |
Active |
NO |
|
3 |
U24200MH1979PTC021053 |
ALCHEMIE
DYE CHEM PRIVATE LIMITED |
Director |
15-09-94 |
15-09-94 |
- |
Active |
NO |
|
4 |
U65990MH1981PTC025110 |
GOGRI
AND SONS INVESTMENTS PRIVATE LIMITED |
Director |
15-09-94 |
15-09-94 |
- |
Active |
NO |
|
5 |
U67120MH1995PTC084963 |
AARTI
CORPORATE SERVICES LIMITED |
Director |
25-01-95 |
25-01-95 |
11-10-10 |
Active |
NO |
|
6 |
U01110MH1994PTC082031 |
AARTI
BIO-TECH LIMITED |
Director |
16-04-98 |
16-04-98 |
- |
Active |
NO |
|
7 |
U24239MH1992PLC068275 |
ANUSHAKTI
CHEMICALS AND DRUGS LIMITED |
Director |
05-05-00 |
05-05-00 |
- |
Active |
NO |
|
8 |
U70109MH2002PTC135736 |
CRYSTAL
MILLENNIUM REALTORS PRIVATE LIMITED |
Director |
02-05-02 |
02-05-02 |
- |
Active |
NO |
|
9 |
U24230MH2002PLC136916 |
ANUSHAKTI
HOLDINGS LIMITED |
Director |
13-09-05 |
13-09-05 |
- |
Active |
NO |
|
10 |
U24110MH1978PTC020373 |
AMARJOYT
CHEMICAL PRIVATE LIMITED |
Director |
15-03-06 |
15-03-06 |
10-09-07 |
Active |
NO |
|
11 |
U24100MH2008PTC181628 |
JHAGADIA
ENTERPRISES PRIVATE LIMITED |
Director |
25-04-08 |
25-04-08 |
- |
Active |
NO |
|
12 |
U74120MH2011PTC212582 |
KUTCHI
ANGEL NETWORK PRIVATE LIMITED |
Director |
20-01-11 |
20-01-11 |
- |
Active |
NO |
|
13 |
U80902MH2011PTC214984 |
PLANCESS
EDUSOLUTIONS PRIVATE LIMITED |
Director |
18-03-11 |
18-03-11 |
01-06-11 |
Active |
NO |
|
Name : |
Mr. Parimal Hasmukhlal Desai |
|
Designation : |
Managing Director |
|
Address : |
807/808, Suparshva Apartment Co-Operative Housing Society, Sarvodaya,
Parshvanath Nagar, Nahur Road, Mulund (West), Mumbai-400080, Maharashtra,
India |
|
Date of Birth/Age : |
29.05.1949 |
|
Date of Appointment : |
01.04.2000 |
|
DIN No.: |
00009272 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U24200MH1979PTC021053 |
ALCHEMIE
DYE CHEM PRIVATE LIMITED |
Director |
23-02-79 |
23-02-79 |
Active |
NO |
|
2 |
U65990MH1981PTC025109 |
NIKHIL
HOLDINGS PRIVATE LIMITED |
Director |
29-08-81 |
29-08-81 |
Active |
NO |
|
3 |
L24110GJ1984PLC007301 |
AARTI
INDUSTRIES LIMITED |
Whole-time
director |
10-02-11 |
28-09-84 |
Active |
NO |
|
4 |
U24239MH1992PLC068275 |
ANUSHAKTI
CHEMICALS AND DRUGS LIMITED |
Managing
director |
01-04-00 |
01-04-00 |
Active |
NO |
|
5 |
U72900MH2009PTC197240 |
MINDCRUISERS
CONSULTING PRIVATE LIMITED |
Director |
24-11-09 |
24-11-09 |
Active |
NO |
|
6 |
U67120MH1995PTC084963 |
AARTI
CORPORATE SERVICES LIMITED |
Director |
26-09-11 |
11-10-10 |
Active |
NO |
|
Name : |
Mr. Rashesh Chandrakant Gogri |
|
Designation : |
Director |
|
Address : |
6th, Antariksha, Murar Road, Mulund (West), Mumbai-400080,
Maharashtra, India |
|
Date of Birth/Age : |
03.06.1974 |
|
Date of Appointment : |
06.10.2005 |
|
DIN No.: |
00066291 |
Other Directorship:
|
S.No.
|
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U65920MH1987PTC042138 |
ALCHEMIE
LEASING AND FINANCING PRIVATE LIMITED |
Director |
15-09-94 |
15-09-94 |
Active |
NO |
|
2 |
U65990MH1981PTC025110 |
GOGRI
AND SONS INVESTMENTS PRIVATE LIMITED |
Director |
15-09-94 |
15-09-94 |
Active |
NO |
|
3 |
L24110GJ1984PLC007301 |
AARTI
INDUSTRIES LIMITED |
Whole-time
director |
09-06-07 |
09-06-97 |
Active |
NO |
|
4 |
U24299MH2001PLC133900 |
GANESH
POLYCHEM LIMITED |
Director |
07-11-01 |
07-11-01 |
Active |
NO |
|
5 |
U70109MH2002PTC135736 |
CRYSTAL
MILLENNIUM REALTORS PRIVATE LIMITED |
Director |
02-05-02 |
02-05-02 |
Active |
NO |
|
6 |
U24200MH1979PTC021053 |
ALCHEMIE
DYE CHEM PRIVATE LIMITED |
Director |
09-07-02 |
09-07-02 |
Active |
NO |
|
7 |
U24239MH1992PLC068275 |
ANUSHAKTI
CHEMICALS AND DRUGS LIMITED |
Director |
06-10-05 |
06-10-05 |
Active |
NO |
|
8 |
U24230MH2004PTC145359 |
AAKANSHA
PHARMACHEM PRIVATE LIMITED |
Director |
21-11-07 |
21-11-07 |
Active |
NO |
|
9 |
U24100MH2008PTC181628 |
JHAGADIA
ENTERPRISES PRIVATE LIMITED |
Director |
25-04-08 |
25-04-08 |
Active |
NO |
|
10 |
U45201MH2001PTC133804 |
DHAVAL
REALTORS (INDIA ) PRIVATE LIMITED |
Director |
30-09-09 |
30-09-09 |
Active |
NO |
|
11 |
U24230MH2002PLC136916 |
ANUSHAKTI
HOLDINGS LIMITED |
Director |
08-10-09 |
08-10-09 |
Active |
NO |
|
12 |
U80903MH2006PTC165136 |
SPARK
ACADEMY PRIVATE LIMITED |
Additional
director |
01-01-11 |
01-01-11 |
Active |
NO |
|
Name : |
Mr. Narendra Jagannath Salvi |
|
Designation : |
Whole Time Director |
|
Address : |
B-5, Voltas Housing Society, Shiv Shrusti, Kurla (East),
Mumbai-400024, Maharashtra, India |
|
Date of Birth/Age : |
16.08.1964 |
|
Date of Appointment : |
06.10.2005 |
|
DIN No.: |
00299202 |
|
|
|
|
Name : |
Mr. Ketan Mansukhlal Doshi |
|
Designation : |
Additional Director |
|
Address : |
1702, Antariksha, Murar Road, Mulund (West), Mumbai-400080,
Maharashtra, India |
|
Date of Birth/Age : |
29.09.1962 |
|
Date of Appointment : |
01.04.2010 |
|
DIN No.: |
00309953 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U29130MH1988PTC048649 |
BEARING
AND BASIC COMPONENTS (INDIA) PRIVATE LIMITED |
Director |
29-08-88 |
29-08-88 |
Active |
NO |
|
2 |
U28112MH2007PTC167621 |
MATRIX
MACHINE TECHNOLOGY (INDIA) PRIVATE LIMITED |
Director |
07-02-07 |
07-02-07 |
Active |
NO |
|
3 |
U24116MH1988PLC046048 |
SURFACTANT
SPECIALITIES LIMITED |
Additional
director |
09-01-09 |
09-01-09 |
Amalgamated |
NO |
|
4 |
U24239MH1992PLC068275 |
ANUSHAKTI
CHEMICALS AND DRUGS LIMITED |
Director |
15-09-10 |
01-04-10 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 15.09.2010
|
Names of Shareholders |
No. of Shares |
|
Chadrakant V Gori |
25 |
|
Shantilal Shah |
50 |
|
Rajendra V Gori |
50 |
|
Aarti Industries Limited, India |
3126000 |
|
Parul K Shah |
36 |
|
Sujata Uday Rawool |
8000 |
|
Sanjay Vasant Rawool |
8000 |
|
Madhavi N Salvi |
16000 |
|
Rashesh C Gogri |
175697 |
|
Hetal Gogri Gala |
363800 |
|
Aashay R Gogri |
187500 |
|
Manisha R Gogri |
203000 |
|
Renal R Gogri |
41800 |
|
Mirik R Gogri |
41800 |
|
Manoj M Chheda |
70020 |
|
Arvind K Chheda |
10500 |
AS ON 15.09.2010
|
Equity Shares
Break Up |
Percentage |
|
Bodies corporate |
54.52 |
|
Directors or relatives of Directors |
36.93 |
|
Others |
8.55 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Supplier of Chemicals,
Monochloro Benzine, Die Methylene |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||
|
|
|
|||||||||
|
Bankers : |
Not Available |
|||||||||
|
|
|
|||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Madan Dedhia and Associates Chartered Accountant |
|
Address : |
204, Chheda Bhavan, 98, Surat Street, Masjid (East), Mumbai-400009,
Maharashtra, India |
|
Tel. No.: |
91-22-23776036 / 23703063 |
|
Fax No.: |
91-22-23731512 |
|
E-Mail : |
|
|
Pan No.: |
AAAPV8139M |
|
|
|
|
Holding Company : |
Aarti Industries Limited L24110GJ1984PLC007301 |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs. 60.000
Millions |
|
|
|
|
|
Note:
Of the above 301650 shares have been issued as
fully paid bonus shares.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
60.000 |
60.000 |
60.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
76.958 |
68.221 |
74.667 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
136.958 |
128.221 |
134.667 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.050 |
0.050 |
0.050 |
|
|
TOTAL BORROWING |
0.050 |
0.050 |
0.050 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
137.008 |
128.271 |
134.717 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
201.814 |
230.553 |
259.278 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
43.657 |
49.206 |
67.668 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
3.428
|
3.559 |
4.952 |
|
|
Cash & Bank Balances |
0.401
|
0.620 |
0.662 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
28.282
|
21.878 |
17.526 |
|
Total
Current Assets |
32.111
|
26.057 |
23.140 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
87.785
|
127.893 |
164.529 |
|
|
Other Current Liabilities |
42.971
|
42.818 |
45.609 |
|
|
Provisions |
9.886
|
6.970 |
5.435 |
|
Total
Current Liabilities |
140.642
|
177.681 |
215.573 |
|
|
Net Current Assets |
(108.531)
|
(151.624) |
(192.433) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.068 |
0.136 |
0.204 |
|
|
|
|
|
|
|
|
TOTAL |
137.008 |
128.271 |
134.717 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income from Operations |
68.689 |
62.585 |
57.075 |
|
|
|
Other Income |
0.003 |
0.003 |
0.387 |
|
|
|
TOTAL (A) |
68.692 |
62.588 |
57.462 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing Expenses |
37.602 |
36.709 |
22.710 |
|
|
|
Office & Administrative Expenses |
0.066 |
0.163 |
0.156 |
|
|
|
Selling and Distribution Expenses |
1.628 |
0.396 |
0.790 |
|
|
|
Non Operative Expenses |
0.068 |
0.068 |
0.068 |
|
|
|
TOTAL (B) |
39.364 |
37.336 |
23.724 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
29.328 |
25.252 |
33.738 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.335 |
0.061 |
0.009 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
28.993 |
25.191 |
33.729 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
11.790 |
11.640 |
8.750 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
17.203 |
13.551 |
24.979 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
8.465 |
19.997 |
3.929 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
8.738 |
(6.446) |
21.050 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
68.221 |
74.667 |
53.617 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
76.959 |
68.221 |
74.667 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.46 |
(1.07) |
3.51 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
12.72
|
(10.30) |
36.63 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
25.04
|
21.65 |
43.77 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.20
|
4.43 |
7.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.11 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.03
|
1.39 |
1.60 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.23
|
0.15 |
0.11 |
LOCAL AGENCY FURTHER INFORMATION
FINANCIALS /
OPERATIONS
During the year,
the Company has made Total Income of Rs.
68.691 Millions (Previous period Rs. 62.588 Millions). Company has made Net Profit of Rs. 8.738 Millions [Previous Period: Rs. (6.446 Millions)] has been reported after
making provision for deferred tax assets.
During the year,
the Company has continued to lot its manufacturing facilities to be
operated/used on operating lease basis with a view to better utilize the same
and to concentrate on research activities alone.
FIXED ASSETS
·
Land
·
Residential Flat
·
Factory Building
·
Plant and Machinery
·
Electrical Installation
·
R and D Equipments
·
Furniture and Fixtures
·
Office Equipments
·
Computer
·
Motor Car
·
Generator
·
Fire Equipment
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. 50.24 |
|
|
1 |
Rs. 78.12 |
|
Euro |
1 |
Rs. 64.78 |
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 |
YES |
|
--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.