MIRA
INFORM REPORT
|
Report Date : |
03.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
JANUS INTERNATIONAL PRIVATE LIMITED |
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Registered Office : |
2, Surachit Apartments, Opposite Gadkari Rangayatan, |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
09.08.1999 |
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Com. Reg. No.: |
11-121214 |
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Capital
Investment / Paid-up Capital : |
Rs.4.847 Millions |
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CIN No.: [Company
Identification No.] |
U21010MH1999PTC121214 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMJ09368C |
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PAN No.: [Permanent
Account No.] |
AADFJ2657F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Label and Stickers for different industries. |
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No. of Employees : |
60 (Including Contract Workers – 20) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 56880 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. There
appears some losses being incurred by the company in the current year.
However, net worth appears to be satisfactory. 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.
INFORMATION DECLINED BY
Management non co-operative name not disclosed.
LOCATIONS
|
Registered Office : |
2, Surachit Apartments, Opposite Gadkari Rangayatan, |
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Tel No.: |
91-22-5893893 / 26700841 |
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E-Mail : |
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Corporate Office : |
Rai Master Compound, Next to St. Xhavier School, Chitalsar Manapada,
Thane-400 607, Maharashtra, India |
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Tel. No.: |
91-22-25893453, 5893279 |
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Fax No.: |
91-22-25893456 |
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E-Mail : |
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Area : |
2000 sq ft |
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Location : |
Owned |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Denver Annunciation |
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Designation : |
Director |
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Address : |
½, Surachit Apartments Opposite Gadkari Rangayatan, |
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Date of Birth/Age : |
06.05.1986 |
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Date of Appointment : |
09.08.1999 |
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Name : |
Mr. Lourdes Annunciation |
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Designation : |
Director |
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Address : |
Surachit Apartments Opposite Gadkari Rangayatan, |
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Date of Birth/Age : |
26.03.1947 |
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Date of Appointment : |
09.08.1999 |
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Name : |
Mr. Janus Annunciation |
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Designation : |
Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
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|
464730 |
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|
20000 |
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Total |
|
484730 |
Equity Shares Breakup (Percentage of Total Equity):
AS ON 30.09.2011
|
Sr No. |
Category |
Percentage of
holding |
|
1 |
Directors or relative of directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Label and Stickers for different industries. |
GENERAL INFORMATION
|
Suppliers : |
Ø Arsoma Graphics Ø Ashok Parshram Ingle Ø Colour Tone Ø Jai Durga Ø Janus Flexibles Ø Lehar Processors Ø Metro Blocks Ø Prabhat Ø Print O Graph Ø Renu Transport and Tourist |
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Customers : |
Manufacturer Ø Arlem Breweries Ø
Ø Charminar Breweries Ø Doburg Breweries Ø Impala Distilleries Ø
Ø Salamander Distilleries Limited Ø Shiva Distilleries Limited Ø Shol Distils |
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No. of Employees : |
60 (Including Contract Workers – 20) |
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Bankers : |
Citizen Credit Co-Operative Bank Limited, Mulund Branch, Saidham
Complex, Co-Op Hsg Soc, 26-27-28, P K Road, Extn, Mulund (West), Mumbai – 400
080, Maharashtra, India |
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Facilities : |
Not Available |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Mundra and Associates Chartered Accountants |
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Address 1 : |
Mundra House, Opp Parekh Medical Stores, Jambli Naka, |
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Address 2 : |
A/301 Devi Darshan, Tembhi Naka, Thane – 400 601, |
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Tel. No.: |
91-22-5453845 / 5343920 |
CAPITAL STRUCTURE
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
484730 |
Equity Shares |
Rs.10/- each |
Rs.4.847
millions |
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FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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|
SHAREHOLDERS FUNDS |
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1] Share Capital |
4.847 |
4.847 |
4.847 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
9.373 |
6.003 |
7.998 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
14.220 |
10.850 |
12.845 |
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LOAN FUNDS |
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|
1] Secured Loans |
116.969 |
106.290 |
83.667 |
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2] Unsecured Loans |
2.560 |
2.781 |
0.052 |
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TOTAL BORROWING |
119.529 |
109.071 |
83.719 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
133.749 |
119.921 |
96.564 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
73.550 |
74.833 |
61.598 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
5.284 |
5.953 |
5.112 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
53.314
|
24.846
|
10.503 |
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Sundry Debtors |
4.172
|
35.816
|
35.729 |
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Cash & Bank Balances |
0.521
|
0.383
|
0.141 |
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Other Current Assets |
0.000
|
0.000
|
0.000 |
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Loans & Advances |
25.601
|
14.469
|
5.759 |
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Total
Current Assets |
83.608
|
75.514
|
52.132 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
25.605
|
34.657
|
21.045 |
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Other Current Liabilities & Provisions |
3.088
|
1.722
|
1.233 |
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Total
Current Liabilities |
28.693
|
36.379
|
22.278 |
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Net Current Assets |
54.915
|
39.135
|
29.854 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
133.749 |
119.921 |
96.564 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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|
166.813 |
115.327 |
88.089 |
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Other Income |
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|
10.914 |
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TOTAL |
166.813 |
115.327 |
99.003 |
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EXPENSES |
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TOTAL |
162.774 |
117.288 |
97.952 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
NA |
9.583 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
NA |
NA |
8.533 |
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PROFIT BEFORE
TAX |
4.038 |
(1.960) |
1.050 |
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Less |
TAX |
3.436 |
0.013 |
-- |
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PROFIT AFTER TAX
|
0.603 |
(1.973) |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.36
|
(1.71)
|
1.06 |
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Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
1.19 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
2.57
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(1.30)
|
0.92 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.28
|
(0.18)
|
0.08 |
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Debt Equity Ratio (Total Liability/Networth) |
|
10.42
|
13.40
|
8.25 |
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Current Ratio (Current Asset/Current Liability) |
|
2.91
|
2.07
|
2.34 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry Creditors
|
Particulars |
31.03.2011 (Rs. In Millions) |
31.03.2010 (Rs. In Millions) |
31.03.2009 (Rs. In Millions) |
|
Sundry Creditors |
25.605 |
34.657 |
21.045 |
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Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1) Year of Establishment |
Yes |
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2) Locality of the firm |
Yes |
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3) Constitutions of the firm |
Yes |
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4) Premises details |
Yes |
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5) Type of Business |
Yes |
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6) Line of Business |
Yes |
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7) Promoter's background |
Yes |
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8) No. of employees |
Yes |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last three years |
Yes |
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12) Profitability for last three years |
Yes |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
No |
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15) Capital in the business |
Yes |
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16) Details of sister concerns |
No |
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17) Major suppliers |
Yes |
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18) Major customers |
Yes |
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19) Payments terms |
No |
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20) Export / Import details (if
applicable) |
-- |
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21) Market information |
-- |
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22) Litigations that the firm / promoter
involved in |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
Yes |
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25) Conduct of the banking account |
-- |
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26) Buyer visit details |
-- |
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27) Financials, if provided |
Yes |
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28) Incorporation details, if applicable |
Yes |
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29) Last accounts filed at ROC |
Yes |
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30) Major Shareholders, if available |
Yes |
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U21010MH1999PTC121214 |
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Name of the company |
JANUS INTERNATIONAL PRIVATE LIMITED |
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Address of the registered office or of the
principal place of business in |
2, Surachit Apartments, Opposite Gadkari Rangayatan, |
|
This form is for |
Modification of charge |
|
Type of charge |
Book Debts Movable Property |
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Particular of charge holder |
IDBI Bank Limited |
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Nature of instrument creating charge |
Unattested Deed Of Hypothecation For
Working Capital Facility Of Rs.2000.000 Millions |
|
Date of instrument Creating the charge |
06/09/2011 |
|
Amount secured by the charge |
Rs.2000.000 Millions |
|
Short particulars of the property charged |
All the Borrower's present and future
current assets including stocks of raw material, work-in-progress, finished
goods, consumables, trade receivables and book debts relating to the Talegaon
Plant and the Halol Plant and in particular including, without limitation,
stocks of raw material, work-in-progress, finished goods, consumables,
whether lying loose or in cases or which are lying or are stored in or to be
stored in or to be brought into the Talegaon Plant and / or the Halol Plant,
whether now belonging to or that may at any time during the continuance of
this Deed belonging to the Borrower and/or that may at present or hereafter
be held by any party anywhere to the order and disposition of the Borrower or
in the course of transit or delivery, and all replacements thereof and
additions thereof whether by way of substitution, replacement, conversion,
realisation or otherwise howsoever together with all benefits, rights and
incidentals attached thereto including any insurance proceeds received in
relation to the above and which are now or shall at anytime hereafter be
owned by the Borrower. |
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.52.93 |
|
|
1 |
Rs.85.85 |
|
Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
SDA |
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 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
NO |
|
--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.