MIRA
INFORM REPORT
|
Report Date : |
02.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
J V S FOODS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
G-220, RIICO Industrial Area, Sitapura, Jaipur-302022, Rajasthan |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
06.07.1995 |
|
|
|
|
Com. Reg. No.: |
17-010336 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 12.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63023RJ1995PTC010336 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JPRJ00518A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Supplier of Ready to Eat Fast Foods |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 280000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. There
appears some losses being incurred by the company in the current year i.e. 2010-2011.
However, networth appears to be satisfactory. Trade relations 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 – 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 : |
G-220, RIICO Industrial Area, Sitapura, Jaipur-302022, Rajasthan,
India |
|
Tel. No.: |
91-141-2625125 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 29.09.2011
|
Name : |
Mr. Pramod Chand Mahnot |
|
Designation : |
Director |
|
Address : |
C-345, Hans Marg, Malviya Nagar, Jaipur-302017, Rajasthan, India |
|
Date of Birth/Age : |
06.1.1949 |
|
Date of Appointment : |
06.07.1995 |
|
DIN No.: |
00192516 |
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 |
U63023RJ1995PTC010336 |
J V
S FOODS PRIVATE LIMITED |
Director |
06-07-95 |
06-07-95 |
Active |
NO |
|
2 |
U15499GJ2003PLC041936 |
GUJARAT
ENERGY FOOD (BAVLA) LIMITED |
Director |
31-01-03 |
31-01-03 |
Active |
NO |
|
3 |
U01409MP2003PLC016127 |
M.P.
AGROTONICS LIMITED |
Director |
01-10-03 |
01-10-03 |
Active |
NO |
|
4 |
U15497RJ2006PLC022724 |
VITAL
MULTIMEAL LIMITED |
Director |
30-06-06 |
30-06-06 |
Active |
NO |
|
5 |
U15319RJ2007PTC023996 |
VISTA
FORTIFOODS PRIVATE LIMITED |
Managing
director |
16-08-07 |
09-03-07 |
Active |
NO |
|
Name : |
Mr. Raj Mahnot |
|
Designation : |
Director |
|
Address : |
C-345, Hans Marg, Malviya Nagar, Jaipur-302017, Rajasthan, India |
|
Date of Birth/Age : |
28.08.1952 |
|
Date of Appointment : |
06.07.1995 |
|
DIN No.: |
00192560 |
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 |
U63023RJ1995PTC010336 |
J V
S FOODS PRIVATE LIMITED |
Director |
06-07-95 |
06-07-95 |
Active |
NO |
|
2 |
U15497RJ2006PLC022724 |
VITAL
MULTIMEAL LIMITED |
Director |
30-06-06 |
30-06-06 |
Active |
NO |
|
Name : |
Mr. Rajendra Agrawal |
|
Designation : |
Whole Time Director |
|
Address : |
1 TA12, Vigyan Nagar, Kota-324005, Rajasthan, India |
|
Date of Birth/Age : |
07.12.1963 |
|
Date of Appointment : |
28.10.2010 |
|
DIN No.: |
00345629 |
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 |
U51504RJ1966PTC001210 |
AGRASEN
AGRO INDUSTRIES PRIVATE LIMITED |
Managing
director |
17-09-94 |
17-09-94 |
05-01-09 |
Active |
NO |
|
2 |
U67120RJ1995PLC009584 |
HADOTI
PUNJI VIKAS LIMITED |
Director |
24-02-95 |
24-02-95 |
05-01-09 |
Active |
NO |
|
3 |
U15313RJ1998PTC015218 |
BARAN
ROLLER FLOUR MILLS PRIVATE LIMITED |
Managing
director |
09-04-01 |
09-04-01 |
06-01-09 |
Active |
NO |
|
4 |
U70101RJ2004PTC019257 |
TIRUPATI
BALAJI ESTATES PRIVATE LIMITED |
Director |
06-05-04 |
06-05-04 |
05-01-09 |
Active |
NO |
|
5 |
L27101RJ1962PLC001519 |
MULTI
METALS LIMITED |
Managing
director |
02-03-11 |
02-03-06 |
- |
Active |
NO |
|
6 |
U63023RJ1995PTC010336 |
J V S
FOODS PRIVATE LIMITED |
Whole-time
director |
28-10-10 |
01-04-09 |
- |
Active |
NO |
|
7 |
U15499GJ2003PLC041936 |
GUJARAT
ENERGY FOOD (BAVLA) LIMITED |
Managing
director |
02-04-09 |
02-04-09 |
- |
Active |
NO |
|
Name : |
Mr. Vikas Mehta |
|
Designation : |
Director |
|
Address : |
294, Mundadi Mohalla, Ward No.31, Ajmer-306001, Rajasthan India |
|
Date of Birth/Age : |
24.12.1982 |
|
Date of Appointment : |
01.04.2004 |
|
DIN No.: |
01078341 |
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 |
U63023RJ1995PTC010336 |
J V
S FOODS PRIVATE LIMITED |
Director |
30-09-04 |
01-04-04 |
Active |
NO |
|
2 |
U01409MP2003PLC016127 |
M.P.
AGROTONICS LIMITED |
Director |
01-01-10 |
01-01-10 |
Active |
NO |
|
3 |
U51109WB2005PTC105954 |
SAMPRITI
MERCHANTS PRIVATE LIMITED |
Director |
18-06-10 |
18-06-10 |
Active |
NO |
|
4 |
U70101RJ2010PTC032529 |
UTKARSH
BUILDESTATE PRIVATE LIMITED |
Director |
05-08-10 |
05-08-10 |
Active |
NO |
|
Name : |
Mr. Vivak Jain |
|
Designation : |
Director |
|
Address : |
Lane No.3, New Kayasth Colony, Lohagal Road, Ajmer-306001, Rajasthan,
India |
|
Date of Birth/Age : |
04.02.1966 |
|
Date of Appointment : |
01.01.2001 |
|
DIN No.: |
02449450 |
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 |
U63023RJ1995PTC010336 |
J V
S FOODS PRIVATE LIMITED |
Director |
01-01-01 |
01-01-01 |
- |
Active |
NO |
|
2 |
U15499GJ2003PLC041936 |
GUJARAT
ENERGY FOOD (BAVLA) LIMITED |
Director |
31-01-03 |
31-01-03 |
02-04-09 |
Active |
NO |
|
3 |
U51109WB2005PTC105954 |
SAMPRITI
MERCHANTS PRIVATE LIMITED |
Director |
18-06-10 |
18-06-10 |
- |
Active |
NO |
|
4 |
U70101RJ2010PTC032529 |
UTKARSH
BUILDESTATE PRIVATE LIMITED |
Director |
05-08-10 |
05-08-10 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2011
|
Names of Shareholders |
No. of Shares |
|
Pramod Chand Mahnot |
58512 |
|
Raj Mahnot |
32816 |
|
G C Jain |
448 |
|
Siddarth Jain |
280 |
|
Manoj |
16 |
|
Angina Devi |
5296 |
|
Sagar Daga (HUF) |
16 |
|
Assem Parekh |
32 |
|
Neeta Singh |
16 |
|
Mehul |
8 |
|
Durtebhji |
8 |
|
Sardar |
800 |
|
Vivek Jain |
25520 |
|
Shkha Jain |
1200 |
|
Purnima Lodha |
16 |
|
Vinod Lodha |
16 |
|
Kokla Lodha |
7500 |
|
Total |
132500 |
AS ON 29.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
99.00 |
|
Other top fifty shareholders |
1.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Ready to Eat Fast Foods |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Union Bank of India, SSI Branch, Avas Vikas
Sansthan Premises, J L N Marg, Jawahar Circle, Malviya Nagar, Jaipur-302017,
Rajasthan, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Neelam Jhanwar and Associates Chartered Accountant |
|
Address : |
Shivanchal 5/17, Vidhyadahr Nagar, Jaipur-302023, Rajasthan, India |
|
Pan No.: |
AAAFN8252F |
|
|
|
|
Subsidiaries : |
M. P Agrotonics Limited CIN No.: U01409MP2003PLC016127 Vital Multimeal Limited CIN No.: U15497RJ2006PLC022724 |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.100/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
125000 |
Equity Shares |
Rs.100/-
each |
Rs. 12.500
Millions |
|
|
|
|
|
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.100/- each |
Rs. 25.000 Millions |
|
|
20000 |
Preference Shares |
Rs.100/-
each |
Rs. 2.000
Millions |
|
|
|
Total |
|
Rs. 27.000 Millions |
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
132500 |
Equity Shares |
Rs.100/-
each |
Rs. 13.250
Millions |
|
20000 |
Preference Shares |
Rs.100/-
each |
Rs. 2.000
Millions |
|
|
Total |
|
Rs. 15.250 Millions |
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 |
12.500 |
12.500 |
12.500 |
|
|
2] Share Application Money |
4.500 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
53.560 |
56.920 |
54.282 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
70.560 |
69.420 |
66.782 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
63.173 |
82.205 |
69.930 |
|
|
2] Unsecured Loans |
56.221 |
16.692 |
16.238 |
|
|
TOTAL BORROWING |
119.394 |
98.897 |
86.168 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.092 |
0.073 |
|
|
|
|
|
|
|
|
TOTAL |
189.954 |
168.409 |
153.023 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
18.691 |
15.479 |
14.745 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
13.540 |
13.489 |
13.775 |
|
|
DEFERREX TAX ASSETS |
13.555 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
48.459
|
20.940 |
51.298 |
|
|
Sundry Debtors |
140.753
|
99.455 |
100.903 |
|
|
Cash & Bank Balances |
45.706
|
44.034 |
23.016 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
103.037
|
77.168 |
36.452 |
|
Total
Current Assets |
337.955
|
241.597 |
211.669 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
196.927
|
104.347 |
90.391 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.000
|
1.397 |
0.812 |
|
Total
Current Liabilities |
196.927
|
105.744 |
91.203 |
|
|
Net Current Assets |
141.028
|
135.853 |
120.466 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
3.140 |
3.588 |
4.037 |
|
|
|
|
|
|
|
|
TOTAL |
189.954 |
168.409 |
153.023 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
656.458 |
447.722 |
399.749 |
|
|
|
Other Income |
32.966 |
5.275 |
3.083 |
|
|
|
TOTAL (A) |
689.424 |
452.997 |
402.832 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
63.777 |
22.975 |
|
|
|
|
Raw and Packing Material Consumed |
566.742 |
359.047 |
|
|
|
|
Manufacturing Expenses |
25.827 |
23.677 |
|
|
|
|
Personnel |
1.134 |
0.844 |
|
|
|
|
Administrative Expenses |
28.756 |
26.888 |
|
|
|
|
Loss in Fire |
9.053 |
0.000 |
|
|
|
|
Increase / (Decrease) in Stock |
(0.057) |
0.363 |
|
|
|
|
TOTAL (B) |
695.232 |
433.794 |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(5.808) |
19.203 |
NA |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.873 |
12.949 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(14.681) |
6.254 |
4.485 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.326 |
2.130 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(17.007) |
4.124 |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(13.647) |
1.487 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(3.360) |
2.637 |
1.803 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
54.065 |
51.428 |
NA |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
50.705 |
54.065 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(26.88) |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
(0.49)
|
0.58 |
0.45 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(2.59)
|
0.92 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(4.59)
|
1.60 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.24)
|
0.06 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.48
|
2.95 |
2.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.72
|
2.28 |
2.32 |
LOCAL AGENCY FURTHER INFORMATION
NOTE
Registered office has been shifted from 138, Parkh Bhawan, New Colony,
Jaipur-302001, Rajasthan India to the present address w.e.f.01.10.2011.
FORM 8
|
Corporate
identity number of the company |
U63023RJ1995PTC010336 |
|
Name of the
company |
J V S FOODS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
G-220, RIICO Industrial Area, Sitapura, Jaipur-302022, Rajasthan, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
Immovable
property Book debts Movable property
(not being pledge) Floating charge |
|
Particular of
charge holder |
Union Bank of India, SSI Branch, Avas Vikas Sansthan Premises, J L N Marg, Jawahar Circle, Malviya Nagar, Jaipur-302017, Rajasthan, India |
|
Nature of
instrument creating charge |
1. composite
hypothecation deed sd 20 2. Loan Agreement
3. Copy of Board
Resolution |
|
Date of
instrument Creating the charge |
04.11.2011 |
|
Amount secured by
the charge |
Rs. 115.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest base rate
+2.50% ( presently 10.75%+2.50
i.e.13.25% ) with monthly rest subject to change time to time Terms of repayment repayable on
demand Margin on CC 25% on LG 25% Extent and operation of the charge The charge will
be operate as first charge to the extent of 115.000 Millions to secure the
facilities granted to company by bank CC Limit : - 80.000 Millions LG :-
35.000 Millions |
|
Short particulars
of the property charged (Including location of the property) |
First charge by hypothecation
of all stocks of raw material , semi finished and finished goods, stock in
progress consumable goods, stores and spares, all present and future book
debts, all present and future movable plant, machinery and all present and
future current and fixed assets of the company to cover overall facility of
Rs. 115.000 Millions Equitable
Mortgage is extended on immovable property of the company situated at G-220,
RIICO Industrial Area sitapura, Jaipur together with all building and
structure standing. EM is extended on
property situated at Municipality No. 7/469 at Naya Bazar Ajmer in the name
of P.C. Mahnot (First and Second Party), Municipality No. 7/469 at Naya Bazar
Ajmer in the name of Vivek Jain (First and Second Party), Residential House
at C-345 Malviya Nagar, Jaipur in the name of P C Mahnot, Plot No. G-225
and G-226 Situated at RIICO Industrial
Area Jaipur in the name of P C Mahnot and property situated at 601-B/3 (
Front Portion ) Lohagal road Ajmer in the name of P C Mahnot and also first charge
on entire Plant and Machinery situated at G-220 RIICO Industrial Area Jaipur |
|
Charge
identification number of the charge to be modified |
90066676 |
|
Particulars of
the present modification |
By this
modification overall Facility is increased by Rs. 115.000 Millions and
details are given as under :- CC Limit : -
80.000 Millions LG :-
35.000 Millions |
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixtures
·
Electric Installation
·
Vehicle
·
Diesel Generating Set
·
Lab Equipment
·
Office Equipment
·
Weighing Scale
·
Computers
·
Fire Extinguisher
·
Air Conditioners
·
Building
WEB SITE DETAILS
PROFILE
Subject is a
leading company with an outstanding portfolio of grain-based ready-to-eat
health foods.
Company-owned manufacturing facilities are at Jaipur, Ahemdabad and
Bhopal. They have supplied to various states in India and exported to
various foreign countries. The corporate office is in Jaipur.
Their core purpose "feed the underprivileged" captures
the spirit of what they are trying to achieve as a business. They want to
spread nutrition far and wide. We collaborate to increase the reach of energy
packed foods to those areas of the world which are affected by famine,
malnutrition, natural disasters, and where specially designed foods at highly
cost effective prices are required for underprivileged groups.
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. 49.15 |
|
|
1 |
Rs. 78.24 |
|
Euro |
1 |
Rs. 65.56 |
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 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
42 |
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.