1. Summary Information
|
|
|
Country |
|
|
Company Name |
CANBARA INDUSTRIES PRIVATE LIMITED |
Principal Name 1 |
Mr. Karunakar Menka Shetty |
|
Status |
Satisfactory |
Principal Name 2 |
Mrs. Vasanthi Karunakar Shetty |
|
|
|
Registration # |
11-192247 |
|
Street Address |
147, Shivshakti Industrial Estate, Opposite Mittal Industrial Estate,
Andheri-Kurla Road, Marol, Andheri (East), Mumbai-400059, Maharashtra |
||
|
Established Date |
07.05.2009 |
SIC Code |
-- |
|
Telephone# |
91-22-28502235 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-28505701 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Mixers Grinders |
|
|
# of employees |
More than 350 (Approximately) |
Product Name 2 |
Food Processors |
|
Paid up capital |
Rs.6,000,000/- |
Product Name 3 |
Air Cooler |
|
Shareholders |
Directors or relatives of directors 100.00% |
Banking |
HDFC Bank
Limited |
|
Public Limited Corp. |
No |
Business Period |
3 Year |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates
|
-- |
Aditya Industries |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
119,316,000 |
Current Liabilities |
116,821,000 |
|
Inventories |
126,161,000 |
Long-term Liabilities |
291,672,000 |
|
Fixed Assets |
202,608,000 |
Other Liabilities |
7,349,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
415,842,000 |
|
Invest& other Assets |
281,000 |
Retained Earnings |
26,524,000 |
|
|
|
Net Worth |
32,524,000 |
|
Total Assets |
448,366,000 |
Total Liab. & Equity |
448,366,000 |
|
Total Assets (Previous Year) |
329,913,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
563,269,000 |
Net Profit |
12,257,000 |
|
Sales(Previous yr) |
327,976,000 |
Net Profit(Prev.yr) |
6,267,000 |
MIRA
INFORM REPORT
|
Report Date : |
17.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
CANBARA INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
147, Shivshakti Industrial Estate, Opposite Mittal Industrial Estate, Andheri-Kurla
Road, Marol, Andheri (East), Mumbai-400059, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
07.05.2009 |
|
|
|
|
Com. Reg. No.: |
11-192247 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.6.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31900MH2009PTC192247 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMC16808B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Home Appliances like Mixers
Grinders, Food Processors, Air Cooler
etc. |
|
|
|
|
No. of Employees
: |
More than 350 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (4) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 130000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Financially company is performing well. Trade relations are reported to be fair.
Business is active. Payments are reported to be usually correct and as per
commitment. The company can be considered for normal 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 : |
147, Shivshakti Industrial Estate, Opposite Mittal Industrial Estate,
Andheri-Kurla Road, Marol, Andheri (East), Mumbai-400059, Maharashtra, India |
|
Tel. No.: |
91-22-28502235 |
|
Mobile No.: |
91-9322932002 (Mr. R.K. Bhvin) |
|
Fax No.: |
91-22-28505701 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
Owned |
|
|
|
|
Factory 1 : |
Survey No. 3331/2, Plot No.1, Khadi Pada, Masat, Silvasa-396230, Dadra
Nagar Haveli, |
|
Area : |
2638 40200 Sq. Ft. (Owned) |
|
|
|
|
Factory 2 : |
Plot 83/107 Industrial Estate, Village Satpati, Palghar, Thane, |
|
Area : |
Owned |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Karunakar Menka Shetty |
|
Designation : |
Managing Director |
|
Address : |
B-103, Anmol, |
|
Date of Birth/Age : |
23.09.1952 |
|
Qualification : |
Diploma in Tool Engg |
|
Experience : |
37 Years |
|
Date of Appointment : |
07.05.2009 |
|
DIN No.: |
02220516 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U31400MH2008PTC185331 |
CANBARA
INTERNATIONAL PRIVATE LIMITED |
Director |
1/8/2008 |
1/8/2008 |
Active |
NO |
|
2 |
U31900MH2009PTC192247 |
CANBARA
INDUSTRIES PRIVATE LIMITED |
Managing
director |
7/5/2009 |
7/5/2009 |
Active |
NO |
|
Name : |
Mrs. Vasanthi Karunakar Shetty |
|
Designation : |
Director |
|
Address : |
Anmol, Building No. 2, R No. 103, |
|
Date of Birth/Age : |
05.03.1960 |
|
Date of Appointment : |
07.05.2009 |
|
DIN No.: |
02220784 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U31400MH2008PTC185331 |
CANBARA
INTERNATIONAL PRIVATE LIMITED |
Director |
1/8/2008 |
1/8/2008 |
Active |
NO |
|
2 |
U31900MH2009PTC192247 |
CANBARA
INDUSTRIES PRIVATE LIMITED |
Director |
7/5/2009 |
7/5/2009 |
Active |
NO |
|
Name : |
Mr. Ankeet Karunakar Shetty |
|
Designation : |
Director |
|
Address : |
Anmol, Building No. 2, R No. 103 A.K. Road, Marol, Andheri (East),
Mumbai-400059, Maharashtra, India |
|
Date of Appointment : |
07.05.2009 |
|
DIN No.: |
02220851 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U31400MH2008PTC185331 |
CANBARA
INTERNATIONAL PRIVATE LIMITED |
Director |
1/8/2008 |
1/8/2008 |
Active |
NO |
|
2 |
U31900MH2009PTC192247 |
CANBARA
INDUSTRIES PRIVATE LIMITED |
Director |
7/5/2009 |
7/5/2009 |
Active |
NO |
|
Name : |
Mr. Aditya Karunakar Shetty |
|
Designation : |
Director |
|
Address : |
Anmol, Building No. 2, R No. 103 A.K. Road, Marol, Andheri (East),
Mumbai-400059, Maharashtra, India |
|
Date of Birth/Age : |
08.04.1984 |
|
Date of Appointment : |
07.05.2009 |
|
DIN No.: |
02220862 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U31400MH2008PTC185331 |
CANBARA
INTERNATIONAL PRIVATE LIMITED |
Director |
1/8/2008 |
1/8/2008 |
Active |
NO |
|
2 |
U31900MH2009PTC192247 |
CANBARA
INDUSTRIES PRIVATE LIMITED |
Director |
7/5/2009 |
7/5/2009 |
Active |
NO |
|
Name : |
Mr. Akhil Karunakar Shetty |
|
Designation : |
Director |
|
Address : |
Anmol, Building No. 2, R No. 103 A.K. Road, Marol, Andheri (East),
Mumbai-400059, Maharashtra, India |
|
Date of Birth/Age : |
24.11.1985 |
|
Date of Appointment : |
07.07.2009 |
|
DIN No.: |
02220930 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U31400MH2008PTC185331 |
CANBARA
INTERNATIONAL PRIVATE LIMITED |
Director |
1/8/2008 |
1/8/2008 |
- |
Active |
NO |
|
2 |
U31900MH2009PTC192247 |
CANBARA
INDUSTRIES PRIVATE LIMITED |
Director |
7/5/2009 |
7/5/2009 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Karunakar Menka Shetty |
|
300000 |
|
Aditya Karunakar Shetty |
|
60000 |
|
Vasanthi Karunakar Shetty |
|
60000 |
|
Akhil Karunakar Shetty |
|
60000 |
|
Ankeet Karunakar Shetty |
|
60000 |
|
Manoj Bhujanga Shetty |
|
30000 |
|
Dilip Prabhakar Shetty |
|
30000 |
|
Total |
|
600000 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
|
Percentage of Holding |
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Home Appliances like Mixers
Grinders, Food Processors, Air Cooler
etc. |
||||||
|
|
|
||||||
|
Products : |
|
GENERAL INFORMATION
|
Customers : |
OEM’s |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
More than 350 (Approximately) |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel
West, Mumbai-400013, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B.S. Shetty and Associates Chartered Accountants |
|
Address : |
6/33, Versova View, Four Bungalows, Andheri (West), Mumbai-400053, |
|
Tel. No.: |
91-22-26372044 |
|
PAN No.: |
AAICS9046E |
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
600000 |
Equity Shares |
Rs.10/- each |
Rs.6.000
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 |
|
6.000 |
6.000 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
26.524 |
14.267 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
32.524 |
20.267 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
114.541 |
83.183 |
|
|
2] Unsecured Loans |
|
177.131 |
92.359 |
|
|
TOTAL BORROWING |
|
291.672 |
175.542 |
|
|
DEFERRED TAX LIABILITIES |
|
1.749 |
0.881 |
|
|
|
|
|
|
|
|
TOTAL |
|
325.945 |
196.690 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
202.608 |
136.169 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.150 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.150 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
126.161 |
97.981 |
|
|
Sundry Debtors |
|
86.719 |
65.084 |
|
|
Cash & Bank Balances |
|
5.086 |
7.744 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
27.511 |
22.611 |
|
Total
Current Assets |
|
245.477 |
193.420 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
98.679 |
123.293 |
|
|
Other Current Liabilities |
|
18.142 |
8.085 |
|
|
Provisions |
|
5.600 |
1.845 |
|
Total
Current Liabilities |
|
122.421 |
133.223 |
|
|
Net Current Assets |
|
123.056 |
60.197 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.131 |
0.174 |
|
|
|
|
|
|
|
|
TOTAL |
|
325.945 |
196.690 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
563.269 |
327.976 |
|
|
|
Other Income |
|
1.196 |
0.574 |
|
|
|
TOTAL (A) |
|
564.465 |
328.550 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
|
511.641 |
300.637 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
52.824 |
27.913 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
12.055 |
5.306 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
40.769 |
22.607 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
22.044 |
13.614 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
18.725 |
8.993 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
6.468 |
2.726 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
12.257 |
6.267 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
6.267 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
18.524 |
6.267 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
16.362 |
5.018 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
54.274 |
31.865 |
|
|
|
Capital Goods |
|
17.823 |
7.176 |
|
|
TOTAL IMPORTS |
|
72.097 |
39.041 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
20.43 |
10.44 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
|
2.17 |
1.91 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
3.32 |
2.74 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
4.18 |
2.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.58 |
0.44 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
12.73 |
15.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
2.01 |
1.45 |
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 |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business• |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
Yes |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last two years |
Yes |
|
12) Profitability for last two years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
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 |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
OPERATIONS/WORKING
RESULTS
During the year, the Company has recorded sales of Rs.563.269 Millions and earned other income of Rs.1.196 Millions as compared to sales of Rs.32,79,75,770/- and other income of Rs.5,74,189/- for corresponding previous year.
The Company has earned net profit of Rs.12.257 Millions as compared to the profit of Rs.6.267 Millions in respect of the corresponding previous year, after deducting Current tax and deferred tax.
Barring unforeseen circumstances, further improvement in sale and profitability is expected in the current year in view of continued efforts being made. Further the company is taking effective steps for expansion & diversification to strengthen the profitability and financial soundness of the Company.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U31900MH2009PTC192247 |
|
Name of the company |
CANBARA INDUSTRIES PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
147, Shivshakti Industrial Estate, Opposite Mittal Industrial Estate, Andheri-Kurla
Road, Marol, Andheri (East), Mumbai-400059, Maharashtra, India E-mail id : dilip@vkgroupindia.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10192371 |
|
Type of charge |
Immovable property |
|
Particular of charge holder |
HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel
West, Mumbai – 400013, Maharashtra, India E-mail Id : RBBform8@hdfcbank.com
|
|
Nature of instrument creating charge |
Memorandum recording past transactions of creation of Mortgage by
Delivery of Title Deeds. |
|
Date of instrument Creating the charge |
26.05.2012 |
|
Amount secured by the charge |
Rs.336.630 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest Interest at the rate as may be communicated by the Bank from time to
time. Terms of Repayment On Demand Margin As may be stipulated by the Bank from time to time. Extent and Operation of the charge The Company accorded and gave oral consent to Bank to continue to hold
and retain the title deeds (by way of Constructive delivery) in respect of
its immovable properties as stated under Item No.15 below, as security for
repayment of Rs.336.630 millions granted by bank to subject of Rs. 229.000
millions, V.K. Appliances of Rs.45.000 millions and Suvidha Appliances of
Rs.62.630 millions ("the Borrowers'), together with principal, interest,
liquidated damages, costs, charges and expenses. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Immovable Property bearing Revenue Sy. No. 331/2, of Plot No. 1
admeasuring 4850.00 sq. mts, situated at Village Masat of the territory of
Dadra and Nagar Haveli. Immovable Property bearing factory land and building situated at Plot
No.83 to 107 admeasuring 2525.00 sq. mtrs. situated at Revenue Sy. No. 984
paiki of Village Shirgaon Dhandekar Estate Taluka Palghar District Thane
Maharashtra State together with all buildings and structures thereon. |
|
Date of instrument modifying the charge |
30.11.2011 |
|
Particulars of the present modification |
The charge shall now stand increased from Rs.286.630 millions to
Rs.336.630 Millions, in favour the Bank against the equitable mortgage of
immovable property situate at Dadra and Nagar Haveli and Thane. |
FIXED ASSETS:
·
Land
·
Factory Building
·
Plant and Machinery
·
Moulds and Dies
·
Electrical Installation
·
Furniture and Fixtures
·
Computer and Software
·
Office Equipment
·
Motor Vehicle and Tempo
·
Air Conditioner
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] 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.44.15 |
|
|
1 |
Rs.72.10 |
|
Euro |
1 |
Rs.63.10 |
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 |
YES |
|
--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.