MIRA
INFORM REPORT
|
Report Date : |
16.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
AZURE JOUEL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No. GJ-8, 1st Floor, SDF - VII, Phase – II,
Seepz-Sez, Andheri (East), Mumbai – 400096, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
26.04.2007 |
|
|
|
|
Com. Reg. No.: |
11-170349 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.100.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36911MH2007PTC170349 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA33646E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCA3745B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Gold, Silver, and Diamond and Diamond Studded Gold
Jewellery etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 290000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. There appears
some accumulated losses recorded by the company. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some
cautions. |
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 : |
Unit No. GJ-8, 1st Floor, SDF - VII, Phase – II,
Seepz-Sez, Andheri (East), Mumbai – 400096, |
|
Tel. No.: |
91-22-42700800 |
|
Fax No.: |
91-22-42152576 |
|
E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Sushil Agarwal |
|
Designation : |
Director |
|
Address : |
301, Ocean View, Union Park, Khar (West), Mumbai - 400052, Maharashtra, India |
|
Date of Birth/Age : |
13.06.1963 |
|
Qualification : |
CA |
|
Date of Appointment : |
08.04.2008 |
|
PAN No.: |
AADPA3179R |
|
DIN No.: |
00060017 |
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 |
U17110MH2000PLC127428 |
BGH
EXIM LIMITED |
Director |
27-06-00 |
27-06-00 |
- |
Active |
NO |
|
2 |
U17110MH2000PLC127427 |
ADITYA
BIRLA POWER COMPANY LIMITED |
Director |
26-07-00 |
26-07-00 |
- |
Active |
NO |
|
3 |
U72900MH2000PTC129116 |
BIRLA
TMT HOLDINGS PRIVATE LIMITED |
Director |
12-10-00 |
12-10-00 |
- |
Active |
NO |
|
4 |
U64200MH2000PTC129356 |
IGH
HOLDINGS PRIVATE LIMITED |
Director |
24-10-00 |
24-10-00 |
- |
Active |
NO |
|
5 |
U64200MH1995PLC086464 |
BIRLA
TELECOM LIMITED |
Director |
09-02-01 |
09-02-01 |
- |
Strike
off |
NO |
|
6 |
U67190MH1996PTC099628 |
BGFL
CORPORATE FINANCE PRIVATE LIMITED |
Director |
12-10-01 |
12-10-01 |
- |
Active |
NO |
|
7 |
U92110MH2002PTC135228 |
APPLAUSE
ENTERTAINMENT PRIVATE LIMITED |
Director |
20-03-02 |
20-03-02 |
- |
Active |
NO |
|
8 |
U70100MH2000PTC127785 |
B G
H PROPERTIES PRIVATE LIMITED |
Director |
20-03-02 |
20-03-02 |
- |
Active |
NO |
|
9 |
U65993MH2002PTC135827 |
TGS INVESTMENT
AND TRADE PRIVATE LIMITED |
Director |
09-05-02 |
09-05-02 |
- |
Active |
NO |
|
10 |
U72300MH1999PTC122375 |
INFOCYBER
INDIA PRIVATE LIMITED |
Director |
27-11-02 |
27-11-02 |
- |
Active |
NO |
|
11 |
U72900MH2003PTC138702 |
APPLAUSE
BHANSALI FILMS PRIVATE LIMITED |
Director |
16-01-03 |
16-01-03 |
- |
Active |
NO |
|
12 |
U92132AP2004PTC042536 |
APPLAUSE
ENTERTAINMENT AP PRIVATE LIMITED |
Director |
30-01-04 |
30-01-04 |
- |
Active |
NO |
|
13 |
U24111OR1981PLC000917 |
MANGALAM
CARBIDE LIMITED |
Director |
23-07-04 |
23-07-04 |
- |
Active |
NO |
|
14 |
U85300MH2007NPL170194 |
MUMBAI
VAISH SEVA SANSTHAN |
Director |
21-04-07 |
21-04-07 |
05-01-12 |
Active |
NO |
|
15 |
U65900MH1988PTC048551 |
NAMAN
FINANCE AND INVESTMENT PRIVATE LIMITED |
Director |
28-09-07 |
14-08-07 |
- |
Active |
NO |
|
16 |
U36911MH2007PTC170349 |
AZURE
JOUEL PRIVATE LIMITED |
Director |
01-08-08 |
08-04-08 |
- |
Active |
NO |
|
17 |
U01409MH2002PTC135738 |
GREEN
ACRE AGRO SERVICES PRIVATE LIMITED |
Director |
23-06-08 |
09-06-08 |
- |
Active |
NO |
|
18 |
U67190MH2007PTC171369 |
BIRLA
FAMILY INVESTMENTS PRIVATE LIMITED |
Additional
director |
03-11-08 |
03-11-08 |
30-01-09 |
Active |
NO |
|
19 |
U45200MH2007PTC173199 |
ABG
REALTY AND INFRASTRUCTURE COMPANY PRIVATE LIMITED |
Director |
30-09-09 |
03-11-08 |
- |
Active |
NO |
|
20 |
U18101KA2007PLC042754 |
INDIGOLD
TRADE AND SERVICES LIMITED |
Director |
11-08-09 |
15-07-09 |
10-12-09 |
Active |
NO |
|
21 |
U65910GJ1994PLC022685 |
ABNL
INVESTMENT LIMITED |
Director |
06-08-10 |
15-07-09 |
- |
Active |
NO |
|
22 |
U72200KA2000PLC031939 |
ADITYA
BIRLA MINACS TECHNOLOGIES LIMITED |
Director |
15-07-10 |
15-07-09 |
- |
Amalgamated |
NO |
|
23 |
U85110GJ1994PLC058690 |
MADURA
GARMENTS EXPORTS LIMITED |
Director |
15-07-09 |
15-07-09 |
- |
Amalgamated |
NO |
|
24 |
U18101GJ2007PLC058604 |
MADURA
GARMENTS LIFESTYLE RETAIL COMPANY LIMITED |
Director |
11-08-09 |
20-07-09 |
- |
Active |
NO |
|
25 |
U72200KA1976PLC027564 |
ADITYA
BIRLA MINACS IT SERVICES LIMITED |
Director |
02-09-10 |
22-07-09 |
28-05-11 |
Amalgamated |
NO |
|
26 |
U99999KA1995PLC052040 |
ADITYA
BIRLA MINACS WORLDWIDE LIMITED |
Director |
02-08-10 |
22-07-09 |
- |
Active |
NO |
|
27 |
U18101GJ2007PLC058606 |
PETER
ENGLAND FASHIONS AND RETAIL LIMITED |
Director |
15-07-10 |
06-08-09 |
- |
Active |
NO |
|
28 |
U61190GJ1997PLC062406 |
ADITYA
BIRLA MONEY MART LIMITED |
Director
appointed in casual vacancy |
19-07-10 |
19-07-10 |
- |
Active |
NO |
|
29 |
U67190MH2008PTC179283 |
ADITYA
BIRLA SECURITIES PRIVATE LIMITED |
Director |
24-09-10 |
31-07-10 |
- |
Active |
NO |
|
30 |
U99999GJ2001PLC062239 |
ADITYA
BIRLA INSURANCE BROKERS LIMITED |
Director |
23-09-11 |
24-01-11 |
- |
Active |
NO |
|
31 |
L17199GJ1956PLC001107 |
ADITYA
BIRLA NUVO LIMITED |
Whole-time
director |
28-09-11 |
30-05-11 |
- |
Active |
NO |
|
32 |
U74120MH2012PTC227069 |
SVATANTRA
MICROFIN PRIVATE LIMITED |
Director |
17-02-12 |
17-02-12 |
13-03-12 |
Active |
NO |
|
33 |
AAA-2432 |
VIGHNAHARA
ENTERPRISES LLP |
- |
04-10-10 |
04-10-10 |
- |
Active |
NO |
|
34 |
AAA-2468 |
SIDDHIPRIYA
ENTERPRISES LLP |
- |
08-10-10 |
08-10-10 |
- |
Active |
NO |
|
35 |
AAA-2468 |
SIDDHIPRIYA
ENTERPRISES LLP |
- |
08-10-10 |
08-10-10 |
- |
Active |
NO |
|
36 |
AAA-2432 |
VIGHNAHARA
ENTERPRISES LLP |
- |
04-10-10 |
04-10-10 |
- |
Active |
NO |
|
Name : |
Mr. Ashish Dwivedi |
|
Designation : |
Director |
|
Address : |
Flat No.404, C Wing, Falcon Castia CHS Limited, Tulsi Pipe Road, Lower
Parel Mumbai - 400013, Maharashtra, India |
|
Date of Birth/Age : |
17.10.1969 |
|
Qualification : |
MBA |
|
Date of Appointment : |
26.04.2007 |
|
PAN No.: |
ABYPD6474G |
|
DIN No.: |
02018127 |
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 |
U36911MH2007PTC170349 |
AZURE
JOUEL PRIVATE LIMITED |
Director |
26-04-07 |
26-04-07 |
- |
Active |
NO |
|
2 |
L74899DL1995PLC066827 |
SPICE
COMMUNICATIONS LIMITED |
Director |
02-09-09 |
08-08-08 |
- |
Amalgamated |
NO |
|
3 |
U32204DL2007PLC169599 |
IDEA
MOBILE COMMERCE SERVICES LIMITED |
Director |
16-04-09 |
30-03-09 |
16-12-10 |
Active |
NO |
|
4 |
U74899DL1983PLC016517 |
IDEA
TELESYSTEMS LIMITED |
Director |
26-09-11 |
16-12-10 |
- |
Active |
NO |
|
Name : |
Mr. Nipun Mahendra Kothari |
|
Designation : |
Director |
|
Address : |
B-26, Shanti Nagar, Neapeansea Road, Mumbai – 400008, Maharashtra,
India |
|
Date of Birth/Age : |
17.08.1983 |
|
Qualification : |
B Com |
|
Date of Appointment : |
26.04.2007 |
|
PAN No.: |
AHGPK4298K |
|
DIN No.: |
01634709 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Nipun Mahendra Kothari |
|
5000 |
|
Ashish Dwivedi |
|
5000 |
|
IGH Holdings Private Limited, India |
|
3490000 |
|
TGS Investment and Trade Private Limited, India |
|
2500000 |
|
Umang Commercial Company Limited, India |
|
4000000 |
|
Total |
|
10000000 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
99.90 |
|
Directors or relatives of Directors |
0.10 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Gold, Silver, and Diamond and Diamond Studded Gold
Jewellery etc. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. S. Rathi and Company Chartered Accountants |
|
Address : |
502, Shree Shivdutta Apartment, Near Lalit Restaurant, Station Road, Goregaon (West), Mumbai 400062, Maharashtra, India |
|
Tel. No.: |
91-22-28797415 / 2876 2159 |
|
E-Mail : |
|
|
PAN.: |
AAOFS2521C |
CAPITAL STRUCTURE
As on 31.03.2011
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 |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 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 |
100.000 |
85.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
45.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(26.491) |
(17.183) |
(3.323) |
|
|
NETWORTH |
73.509 |
67.917 |
41.777 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
25.019 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
25.019 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
98.528 |
67.917 |
41.777 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
41.889 |
47.398 |
0.322 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
35.557 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
23.302
|
11.444 |
0.241 |
|
|
Sundry Debtors |
30.833
|
25.325 |
0.000 |
|
|
Cash & Bank Balances |
10.187
|
0.970 |
1.157 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
2.870
|
1.681 |
6.218 |
|
Total
Current Assets |
67.192
|
39.420 |
7.616 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
10.452
|
18.746 |
1.603 |
|
|
Other Current Liabilities |
0.101
|
0.155 |
0.106 |
|
|
Provisions |
0.000
|
0.000 |
0.009 |
|
Total
Current Liabilities |
10.553
|
18.901 |
1.718 |
|
|
Net Current Assets |
56.639
|
20.519 |
5.898 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
98.528 |
67.917 |
41.777 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
91.400 |
31.324 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
100.709 |
45.185 |
3.281 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
(9.309) |
(13.861) |
(3.281) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.011 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(9.309) |
(13.861) |
(3.292) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(17.183) |
(3.322) |
(0.030) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(26.492) |
(17.183) |
(3.322) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
94.278 |
31.351 |
0.000 |
|
|
TOTAL EARNINGS |
94.278 |
31.351 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
0.000 |
4.699 |
0.573 |
|
|
TOTAL IMPORTS |
0.000 |
4.699 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(0.93) |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(10.18)
|
(0.44) |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(8.53)
|
(15.97) |
(41.33) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.13)
|
(0.20) |
(0.08) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.48
|
0.28 |
0.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.37
|
2.09 |
4.43 |
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 |
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 |
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 |
Note:
The registered address of the company has been shifted from “B/26, Shanti Nagar, Napeansea Road, Mumbai – 400006, Maharashtra, India” to the present address w.e.f. 18.08.2008.
Contingent Liability
(As on 31.03.2011):
Estimated Amount of Contracts remaining to be executed on Capital account (Net of advances):- Rs.Nil (P.Y.Rs. 0.087 Million).
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U36911MH2007PTC170349 |
|
Name of the company |
AZURE JOUEL PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
Unit No. GJ-8, 1st Floor, SDF - VII, Phase – II, Seepz-Sez, Andheri (East),
Mumbai – 400096, Maharashtra, India E-mail : sushil.chopra@adityabirla.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Book debts Movable property (not being pledge) Floating charge Others (Stocks, other current assets and Plant and Machinery) |
|
Particular of charge holder |
HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013,
Maharashtra, India E-mail : mousom.mitra@hdfcbank.com
|
|
Nature of instrument creating charge |
Letter of hypothecation of stocks, book debts, other current assets
and plant and machinery. |
|
Date of instrument Creating the charge |
07.10.2011 |
|
Amount secured by the charge |
Rs.100.000 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest As mutually agreed from time to time Terms of Repayment Cash credit - on demand WCDL - upto 180 days Export finance - upto 180 days Margin 25% on stock and book debts of the Company with aging of book debts
less than 120 days. Extent and Operation of the charge Exclusive first charge on all Stocks, Book debts, other current assets
and Movable plant and Machinery of the company both present and future to
secure the due repayment of the credit facilities along with
interest, costs, charges and other dues that may any time
hereafter become due and owing to the
bank in respect of and under the credit facilities |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Exclusive first charge on stocks, book debts, other current assets and
plant and machinery, both present and future, lying in any of the premises,
factories, or any other place or office of the Company |
Fixed Assets:
·
Factory Premises
·
Furniture and Fixtures
·
Plant and Machinery
·
Office Equipments
·
Computers
·
Moulds and Dies
·
Electrical Fittings
·
Air Conditioner
·
Computer Software
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.55.76 |
|
|
1 |
Rs.86.69 |
|
Euro |
1 |
Rs.70.44 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
|
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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.