|
Report Date : |
27.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
YEEKAY TECHNOCRAT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
SSI Plot No.1 and 4, Block-H, NH-2 Opposite FCI Godown, N.I.T., |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
12.12.2002 |
|
|
|
|
Com. Reg. No.: |
05-035006 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.5.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34300HR2002PTC035006 |
|
|
|
|
TIN No.: |
05006749770 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RTKY00069G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACY1915F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of high quality of PPR Products. |
|
|
|
|
No. of Employees
: |
Not Available |
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 211000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. The
company has recorded a better increase in its sales turnover and
profitability during 2011. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
SE 1B |
|
Rating Explanation |
Highest Performance Capability and Moderate Financial Strength. |
|
Date |
May, 2011 |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office/ Marketing Office: |
SSI Plot No.1 and 4, Block-H, NH-2 Opposite FCI Godown, N.I.T., |
|
Tel. No.: |
91-129-4027609 / 610 |
|
Fax No.: |
91-129-4108917 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Khasra No.356, Gagal |
|
E-Mail : |
|
|
Area : |
3000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Dealer Network : |
Located at: v v Uttar Pradesh v Rajasthan v v v
Chatisgarh v Haryana v v v Jharkhand v Madhya Pradesh v
|
DIRECTORS
As on 19.09.2011
|
Name : |
Mr. Karan Chandna |
|
Designation : |
Director |
|
Address : |
SSI Plot No.4 Block-H, NH-2,
NIT, |
|
Date of Birth/Age : |
07.10.1985 |
|
Date of Appointment : |
01.12.2003 |
|
DIN No.: |
00225207 |
|
|
|
|
Name : |
Ms. Preeti Chandna |
|
Designation : |
Director |
|
Address : |
1K/35A, NIT, |
|
Date of Birth/Age : |
12.03.1986 |
|
Date of Appointment : |
01.01.2010 |
|
DIN No.: |
02870765 |
|
|
|
|
Name : |
Mr. Tarun Chandna |
|
Designation : |
Director |
|
Address : |
SSI Plot No.4 Block-H, NH-2,
NIT, |
|
Date of Birth/Age : |
10.10.1959 |
|
Date of Appointment : |
12.12.2002 |
|
DIN No.: |
00225193 |
|
|
|
|
Name : |
Mr. Trilok Chand Chandna |
|
Designation : |
Director |
|
Address : |
SSI Plot No.1 Opposite FCI
Godown, Block-H, NH-2, NIT Faridabad – 121 001, |
|
Date of Birth/Age : |
06.07.1957 |
|
Date of Appointment : |
12.12.2002 |
|
DIN No.: |
00225184 |
|
|
|
|
Name : |
Mr. Yunik Chandna |
|
Designation : |
Director |
|
Address : |
SSI Plot No.4 Block-H, NH-2,
NIT, |
|
Date of Birth/Age : |
05.07.1982 |
|
Date of Appointment : |
01.12.2003 |
|
DIN No.: |
00225203 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 19.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Tarun Chandna |
|
180000 |
|
Trilok Chand Chandna |
|
220000 |
|
T.C. Chandna and Sons |
|
5000 |
|
Yunik Chandna |
|
45000 |
|
Karan Chandna |
|
45000 |
|
Preeti Chandna |
|
5000 |
|
Total |
|
500000 |
As on 19.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
99.00 |
|
Other
top fifty shareholders |
|
1.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of high quality of PPR Products. |
|
|
|
|
Products : |
v Fusion ABS Pipes and Fittings v Rubber and Plastic Components |
GENERAL INFORMATION
|
Suppliers : |
v Agarwal International v Akar Info Media Private Limited v Amit Industries v Anita Enterprises v ARI Interiors v DHL Express ( v Bedi Printek v Lakhani Hardware Store v Poly Fusion Piping System v Sai Furnishers v Shri Sai Computers and Technology v Thakural Electric Works v Vel Mold Plastics (Private) Limited v Y.K. Sethi and Company v Sigma v Shangu Xier Plastic v R.K. Builder and Colonizer v Rahul Book Depot v Perfect Marketing Services v v Meera Enterprises v Max Well Engineers v Khana Packers and Moulders v Kumar Book Depot v Indus Eximtech Private Limited v Himanshu Overnight Express v Evergreen Enterprises v
Fashion Cottage |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
v Army Welfare Housing Organization v
Aay Ess Traders v
Aero Sales Corporation v
Genetic Buildcon
(Private) Limited v
Haryana Trading Company v
v
Jain Brothers v
Lubro Air Engineers v
Gupta Traders v UP Rajkinagarnigam v Indian Habitat Centre v JMD Limited v Ansal Buildwell v RPS Group v TDI Infrastructure v SPR Buildtech Limited v Jaypee Group v JCB India Limited v Gillette India Limited v Lakhani Medicure v Kohinoor Foods Limited v Shahnaz Ayurvedics v Kansai Nerolac Paints v Reliance Industries Limited v Kiran Udyog Private Limited v Technico Industries Limited v Kaashvi Industries (Minda Group) v Sterling Tools Limited v LG Electronics India Private Limited v STL Global Limited v
v Imperial Auto v Venus Industries v Omax Auto Limited v IBIS Hotel v
v
Rampuriya Hotel v Apex Mall v
v
v Laxmi Devi Institute of Information and Technology v
v
Hie v Satyam Institute of Fashion Technology v Sharda Group of Hospitals v Healer Hospital (Private) Limited v Apurva Nursing Home v Dr. Jain Medical Research Centre |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
v
Bank of v HDFC Bank Limited v
Bank of v ICICI Bank Limited v CITI Bank v Barclays Bank v Kotak Mahindra Bank v ABN Amro Bank v Standard Chartered Bank |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
TATA Capital Limited |
|
|
|
|
Auditors : |
|
|
Name : |
Satish Gupta and Associates Chartered Accountants |
|
Address : |
H.No.1060, Sector-16, |
|
Income-tax
PAN of auditor or auditor's firm : |
AAPPG8334C |
CAPITAL STRUCTURE
After 19.09.2011
Authorised Capital : Rs.30.000 millions
Issued, Subscribed & Paid-up Capital : Rs.30.000
millions
As on 19.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
750000 |
Equity Shares |
Rs.10/- each |
Rs.7.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000
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 |
5.000 |
5.000 |
4.350 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
47.778 |
29.494 |
16.125 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
52.778 |
34.494 |
20.475 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
68.562 |
44.106 |
26.436 |
|
|
2] Unsecured Loans |
7.848 |
6.884 |
16.218 |
|
|
TOTAL BORROWING |
76.410 |
50.990 |
42.654 |
|
|
DEFERRED TAX LIABILITIES |
0.717 |
0.265 |
0.205 |
|
|
|
|
|
|
|
|
TOTAL |
129.905 |
85.749 |
63.334 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
65.045 |
41.871 |
41.400 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
13.023
|
10.369
|
8.772 |
|
|
Sundry Debtors |
30.394
|
25.159
|
20.057 |
|
|
Cash & Bank Balances |
37.928
|
2.005
|
0.896 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
30.522
|
36.007
|
8.062 |
|
Total
Current Assets |
111.867
|
73.540
|
37.787 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
33.591
|
19.623
|
10.435 |
|
|
Other Current Liabilities |
8.588
|
7.213
|
4.513 |
|
|
Provisions |
4.890
|
2.898
|
0.987 |
|
Total
Current Liabilities |
47.069
|
29.734
|
15.935 |
|
|
Net Current Assets |
64.798
|
43.806
|
21.852 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.062 |
0.072 |
0.082 |
|
|
|
|
|
|
|
|
TOTAL |
129.905 |
85.749 |
63.334 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Net Sales |
313.007 |
272.416 |
141.204 |
|
|
|
Job Works FBD |
0.000 |
0.023 |
0.043 |
|
|
|
Other Income |
1.328 |
3.154 |
0.866 |
|
|
|
Closing Stock (Semi finished and Finished Goods) |
8.626 |
9.109 |
4.722 |
|
|
|
TOTAL (A) |
322.961 |
284.702 |
146.835 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Opening Stock (Semi finished and Finished Goods) |
9.036 |
4.722 |
3.169 |
|
|
|
Raw Material consumed |
211.659 |
206.889 |
96.391 |
|
|
|
Manufacturing Expenses |
22.127 |
23.926 |
10.752 |
|
|
|
Administrative Expenses |
25.571 |
13.881 |
11.104 |
|
|
|
Selling and Distribution Expenses |
19.488 |
8.520 |
4.615 |
|
|
|
TOTAL (B) |
287.881 |
257.938 |
126.031 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
35.080 |
26.764 |
20.804 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.445 |
4.702 |
6.535 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
30.635 |
22.062 |
14.269 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.965 |
5.740 |
6.312 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
23.670 |
16.322 |
7.957 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.890 |
2.898 |
0.987 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
18.780 |
13.424 |
6.970 |
|
|
|
|
|
|
|
|
|
Add |
PROVISION
FOR INCOME TAX AND FBT |
2.898 |
0.987 |
0.595 |
|
|
|
|
|
|
|
|
|
Less |
TAXES
PAID FOR EARLIER YEAR |
(2.942) |
(0.856) |
(0.597) |
|
|
|
|
|
|
|
|
|
Less |
FBT
FOR EARLIER YEAR |
0.000 |
(0.127) |
(0.116) |
|
|
|
|
|
|
|
|
|
Less / Add |
PROVISION
FOR DEFERRED TAX LIABILITY |
(0.452) |
(0.060) |
0.310 |
|
|
|
|
|
|
|
|
|
|
TRANSFER TO
PROFIT AND LOSS ACCOUNT |
18.284 |
13.368 |
7.162 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Material |
54.313 |
50.245 |
54.322 |
|
|
TOTAL IMPORTS |
54.313 |
50.245 |
54.322 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
37.56 |
26.85 |
13.94 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
5.81 |
4.72
|
4.75 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.56 |
5.99
|
5.64 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.38 |
14.14
|
10.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.45 |
0.47
|
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.34 |
2.34
|
2.86 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.38 |
2.47
|
2.37 |
LOCAL AGENCY FURTHER INFORMATION
PURCHASE DETAILS:
|
Particulars |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
|
Purchases |
214.795 |
204.099 |
99.895 |
|
|
|
|
|
|
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 |
Yes |
|
8) No. of
employees |
No |
|
9) Name of person
contacted |
No |
|
10) Designation
of contact person |
No |
|
11) Turnover of
firm for last three years |
Yes |
|
12) Profitability
for last three 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 |
No |
|
17) Major
suppliers |
Yes |
|
18) Major
customers |
Yes |
|
19) Payments
terms |
No |
|
20) Export /
Import details (if applicable) |
No |
|
21) Market
information |
-- |
|
22) Litigations
that the firm / promoter involved in |
-- |
|
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 |
|
31) PAN of
Proprietor/Partner/Director, if available |
No |
|
32) Passport No of
Proprietor/Partner/Director, if available |
No |
|
33) Voter ID No of
Proprietor/Partner/Director, if available |
No |
OPERATION:
In the year 2010-2011 the turnover is of Rs.313.007 millions and earned
Profit of Rs.23.670 millions. In the Current year the Company hopes to increase
its turnover as well as profit.
FUTURE PROSPECTS:
The Company's overall growth during the year
is quite satisfactory.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U34300HR2002PTC035006 |
|
Name of the
company |
YEEKAY TECHNOCRAT PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
SSI Plot No.1 and 4, Block-H, NH-2 Opposite FCI Godown, N.I.T., E-Mail: yeekay@airtelbroadband.in |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10032006 |
|
Type of charge |
Immovable
Property Movable Property
(not being pledge) |
|
Particular of
charge holder |
Bank of E-Mail: cakkminocha@gmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental Deed
of Hypothecation Dt.24/04/2012 Letter Ref. No. FBD/ADV/SKS/24 |
|
Date of
instrument Creating the charge |
24.04.2012 |
|
Amount secured by
the charge |
Rs.221.250
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: TL: @ 4.25% p.a.
over Base Rate; CC: @ 3.50% p.a. over Base Rate on monthly rests subject to
change in BR/RBI Guidelines. Penal Rate: @ 2%
over and above the normal rate of interest. Terms of
Repayment: As Per Agreement. Margin: Margin - L/C-15%,
Stock - 25%, Book Debts - 40%, Term Loan - 25% Extent and
Operation of the charge: Equitable
Mortgage over Immovable Properties situated at Khata No.123, Khasra No.356,
Mauza Raipur, Pargana Bhagwanpur, Tehsil Roorkee, Haridwar (Uttranchal)
comprising Land and Building and other Structures, Fixed Machinery and Plant,
Fixtures and Fittings erected/installed (both present and future). Hypothecation of
Fixed Assets of the Company (both present and future). Others: The Complete
Details of Limit as under:- Cash Credit + L/C
+ BG 80.000 millions Term Loans 141.250 millions
------------------
221.250 millions
------------------ |
|
Short particulars
of the property charged |
Equitable
Mortgage over Immovable Properties situated at Khata No.123, Khasra No.356,
Mauza Raipur, Pargana Bhagwanpur, Tehsil Roorkee, Haridwar (Uttranchal) comprising
Land and Building and other Structures, Fixed Machinery and Plant, Fixtures
and Fittings erected/installed (both present and future). Hypothecation of
Fixed Assets of the Company (both present and future). Equitable
Mortgage of Land and Building to be purchased from present term loan. |
|
Date of latest
modification prior to the present modification |
17.01.2011 |
|
Particulars of
the present modification |
Limit of Amount
Secured Enhanced from Rs.162.200 millions to Rs.221.250 millions. Cash Credit + L/C
+ BG: 80.000 millions Term Loans:
141.250 millions TL: @ 4.25% p.a.
over Base Rate , CC: @ 3.50% p.a. over Base Rate on monthly rests subject to
change in BR/RBI Guidelines. Penal Rate: @ 2%
over and above the normal rate of interest. |
WEBSITE DETAILS:
PROFILE:
Subject is a high tech
More attention is paid to ensure that no leakage occurs any where in service.
Each component is subjected to a multistage inspection, which ensures accuracy
and durability of the fittings in all type of industrial, agricultural,
domestic, and other piping installations. Their modern factory is equipped with
up-to-date plant machinery and inspection equipment skilled craftsman, rigid
inspection throughout all stages of manufacturing ensures the high standard of
accuracy now associated with all Fusion Pipe and Fittings.
While in the production division of their operations, the number of elements
produced automatically increases with every new piece of machine, the number of
employees in customer service, quality control, research and other areas, where
people can not be replaced by machines, is growing. This brings a great significance
for the development of their company and services offered.
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.55.95 |
|
|
1 |
Rs.86.55 |
|
Euro |
1 |
Rs.67.95 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
6 |
|
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.