MIRA
INFORM REPORT
|
Report Date : |
03.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
RIDHI PETROCHEM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
41/B, Mittal Tower, 4th Floor, Nariman Point, Mumbai – 400021, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
03.06.2005 |
|
|
|
|
Com. Reg. No.: |
11-153751 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100MH2005PTC153751 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR27371B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCR0143B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Printing Films, Lamination Material, Pouch. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 470000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to be usually correct
and as per commitments. 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) |
|
|
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 : |
41/B, Mittal Tower, 4th Floor, Nariman Point, Mumbai – 400021, Maharashtra,
India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Vishal Hasmukh
Sheth |
|
Designation : |
Additional director |
|
Address : |
6, Nutan Laxmi
Society, Road No.10, JVPD, Vile Parle (West), Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
20.02.1983 |
|
Date of Appointment : |
20.03.2010 |
|
DIN No.: |
00789576 |
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 |
U51100MH1999PTC120673 |
VISION
AGENCIES PRIVATE LIMITED |
Director |
29-09-07 |
17-05-05 |
- |
Active |
NO |
|
2 |
U24100MH2005PTC153751 |
RIDHI
PETROCHEM PRIVATE LIMITED |
Director |
30-09-10 |
03-06-05 |
- |
Active |
NO |
|
3 |
U70100MH1998PTC114382 |
VALUKKO
INDUSTRIES PRIVATE LIMITED |
Director |
21-08-06 |
21-08-06 |
- |
Active |
NO |
|
4 |
U45400MH2007PLC172223 |
VALUKKO
INFRASTRUCTURE LIMITED |
Director |
10-07-07 |
10-07-07 |
- |
Active |
NO |
|
5 |
U21000MH2005PTC155504 |
RUSHABH
CONVERTORS PRIVATE LIMITED |
Additional
director |
04-05-09 |
04-05-09 |
07-05-09 |
Active |
NO |
|
6 |
U25202GJ2009PTC057652 |
LAMIKKO
FILMS PRIVATE LIMITED |
Director |
29-07-09 |
29-07-09 |
- |
Active |
NO |
|
7 |
U45200GJ2010PTC062439 |
ASWARAJ
INFRA PRIVATE LIMITED |
Director |
27-09-10 |
27-09-10 |
24-12-11 |
Active |
NO |
|
8 |
U27100GJ2004PTC044979 |
POOJA
PIPE AND STRUCTURAL PRIVATE LIMITED |
Director |
30-09-11 |
14-10-10 |
- |
Active |
NO |
|
9 |
U51100MH1997PTC104827 |
SHUBHAKAMANA
MERCANTILES PRIVATE LIMITED |
Additional
director |
24-03-11 |
24-03-11 |
12-03-12 |
Active |
NO |
|
10 |
U28931MH2012PTC227407 |
VALUCLADD
INDUSTRIES PRIVATE LIMITED |
Director |
25-02-12 |
25-02-12 |
- |
Active |
NO |
|
11 |
U28129MH2012PTC227780 |
VALUCLADD
FACADE SOLUTIONS PRIVATE LIMITED |
Director |
07-03-12 |
07-03-12 |
- |
Active |
NO |
|
Name : |
Mr. Vilesh Prafulchandra
Sheth |
|
Designation : |
Additional director |
|
Address : |
26, Shayadari Apartment, Navrangpura,
Ahmedabad – 380009, Gujarat, India |
|
Date of Birth/Age : |
10.12.1981 |
|
Date of Appointment : |
04.06.2010 |
|
DIN No.: |
00789612 |
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 |
U70100MH1998PTC114382 |
VALUKKO
INDUSTRIES PRIVATE LIMITED |
Director |
15-03-04 |
15-03-04 |
28-05-10 |
Active |
NO |
|
2 |
U51100MH1999PTC120673 |
VISION
AGENCIES PRIVATE LIMITED |
Director |
29-09-07 |
17-05-05 |
- |
Active |
NO |
|
3 |
U24100MH2005PTC153751 |
RIDHI
PETROCHEM PRIVATE LIMITED |
Director |
30-09-10 |
21-08-06 |
- |
Active |
NO |
|
4 |
U45400MH2007PLC172223 |
VALUKKO
INFRASTRUCTURE LIMITED |
Director |
10-07-07 |
10-07-07 |
- |
Active |
NO |
|
5 |
L99999MH1988PLC046467 |
SHARP
INDUSTRIES LIMITED |
Director |
28-12-07 |
09-10-07 |
07-03-11 |
Active |
NO |
|
6 |
U67200GJ2009PTC056286 |
SHETH
INSURANCE SERVICES PRIVATE LIMITED |
Director |
06-03-09 |
06-03-09 |
- |
Active |
NO |
|
7 |
U21000MH2005PTC155504 |
RUSHABH
CONVERTORS PRIVATE LIMITED |
Additional
director |
04-05-09 |
04-05-09 |
07-05-09 |
Active |
NO |
|
8 |
U28112GJ2009PTC057527 |
VERTEX
FORGING PRIVATE LIMITED |
Director |
15-07-09 |
15-07-09 |
- |
Active |
NO |
|
9 |
U25202GJ2009PTC057652 |
LAMIKKO
FILMS PRIVATE LIMITED |
Director |
29-07-09 |
29-07-09 |
- |
Active |
NO |
|
10 |
U24246GJ2005PTC046118 |
CAT
COSMETICS AND HEALTHCARE PRIVATE LIMITED |
Additional
director |
01-02-10 |
01-02-10 |
29-03-10 |
Dormant |
NO |
|
11 |
U15100MH2005PTC153827 |
SWASTIK
BIO-AGRO TECH PRIVATE LIMITED |
Additional
director |
01-02-10 |
01-02-10 |
29-03-10 |
Dormant |
NO |
|
12 |
U99999MH1988PTC045817 |
LALIT
POLYESTER PRIVATE LIMITED |
Director |
30-09-10 |
28-05-10 |
- |
Active |
NO |
|
13 |
U45200GJ2012PLC069903 |
SHETH
INFRABUILD LIMITED |
Director |
17-04-12 |
17-04-12 |
- |
Active |
NO |
|
Name : |
Mr. Ritesh Kailash
Khetan |
|
Designation : |
Additional director |
|
Address : |
227/5981, 1st Floor, Anand Darshan Pant Nagar, Ghatkopar (East), Mumbai – 400075, Maharashtra,
India |
|
Date of Birth/Age : |
13.10.1980 |
|
Date of Appointment : |
22.10.2010 |
|
Date of Cessation: |
23.12.2011 |
|
DIN No.: |
01857208 |
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 |
L99999MH1988PLC046467 |
SHARP
INDUSTRIES LIMITED |
Director |
28-12-07 |
09-10-07 |
- |
Active |
NO |
|
2 |
U24100MH2005PTC153751 |
RIDHI
PETROCHEM PRIVATE LIMITED |
Director |
30-09-11 |
22-10-10 |
23-12-11 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Dhumil Sheth |
|
5000 |
|
Vishal Sheth |
|
5000 |
|
Total |
|
10000 |
List of Allottes
As on 14.01.2012
|
Names of Allottees |
|
No. of Shares
Allotted |
|
|
|
|
|
Jyotkaben H Sheth |
|
276000 |
|
Valukko Industries Private Limited (Formerly Known
As Kalpatru Comtrade
Private Limited, India |
|
778600 |
|
Kashmiraben A Sheth |
|
17300 |
|
Lal-It Polyester Private Limited, India |
|
260000 |
|
Sujata R Sheth |
|
9000 |
|
Vishal Sheth |
|
27000 |
|
Vision Agencies
Private Limited, India |
|
284100 |
|
Cat Cosmetics and
Healthcare Private Limited, India |
|
1503880 |
|
Valukko Infrastructure Limited, India |
|
844120 |
|
Total |
|
4000000 |
List of Allottes
As on 14.01.2012
|
Names of Allottees |
|
No. of Shares
Allotted |
|
|
|
|
|
Valukko Industries Private Limited (Formerly Known
As Kalpatru Comtrade
Private Limited, India |
|
3375500 |
|
Nemtnath Finance Private Limited, India |
|
500000 |
|
Vishal Sheth |
|
6867500 |
|
Kashmiraben A Sheth |
|
980000 |
|
Jyotikabenh. Sheth |
|
1607500 |
|
Bhavnaben V. Sheth |
|
130000 |
|
Velesh Sheth |
|
1300000 |
|
Dhumil Sheth |
|
5000 |
|
Akar
Laminators Limited |
|
230000 |
|
Lalit Polyester Private Limited, India |
|
4500 |
|
Total |
|
15000000 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Printing Films, Lamination Material, Pouch. |
||||
|
|
|
||||
|
Products : |
·
Printing Films ·
Lamination Material ·
Pouch
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
State Bank of
India, Commercial Branch,3rd Floor, "Paramsiddhi"
Complex, Near Mahakant Building, Ellisbridge, Ahmedabad -
380006, Gujarat, India |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rahul Shukla and
Associates Chartered Accountants |
|
Address : |
201, Pawan Wing, Indraprasth Building, Satyanagar, Borivali (West), Mumbai – 400092, Maharashtra, India |
|
PAN.: |
ACVPS6906Q |
CAPITAL STRUCTURE
After 30.09.2011
Authorised Capital : Rs.200.000 Millions
Issued, Subscribed & Paid-up Capital : Rs.190.100 Millions
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
|
|
|
|
|
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 |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
99.900 |
99.900 |
99.900 |
|
|
3] Reserves & Surplus |
17.760 |
15.495 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
117.760 |
115.495 |
100.000 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
244.776 |
241.755 |
178.606 |
|
|
2] Unsecured Loans |
64.926 |
46.979 |
35.422 |
|
|
TOTAL BORROWING |
309.702 |
288.734 |
214.028 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
427.462 |
404.229 |
314.028 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
293.569 |
309.249 |
37.690 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
274.301 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
31.718
|
1.741 |
0.000 |
|
|
Sundry Debtors |
127.837
|
109.170 |
0.000 |
|
|
Cash & Bank Balances |
4.724
|
1.494 |
1.462 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
3.427
|
4.237 |
0.112 |
|
Total
Current Assets |
167.706
|
116.642 |
1.574 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
25.263
|
16.280 |
|
|
|
Other Current Liabilities |
8.004
|
2.223 |
0.446 |
|
|
Provisions |
0.558
|
3.173 |
0.000 |
|
Total
Current Liabilities |
33.825
|
21.676 |
0.446 |
|
|
Net Current Assets |
133.881
|
94.966 |
1.128 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.012 |
0.014 |
0.909 |
|
|
|
|
|
|
|
|
TOTAL |
427.462 |
404.229 |
314.028 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
489.903 |
242.195 |
|
|
|
Other Income |
|
0.179 |
0.050 |
|
|
|
TOTAL (A) |
|
490.082 |
242.245 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Cost |
|
470.659 |
175.499 |
|
|
|
Manufacturing and Administrative Expenses |
|
4.057 |
9.118 |
|
|
|
(Increase) / Decrease in Stock |
|
(30.123) |
(0.965) |
|
|
|
TOTAL (B) |
|
444.593 |
183.652 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
45.489 |
58.593 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
26.801 |
26.052 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
18.688 |
32.541 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
15.679 |
13.873 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
3.009 |
18.668 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
0.744 |
3.173 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
2.265 |
15.495 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
15.495 |
0.0000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
|
17.760 |
15.495 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
226.50 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.46
|
6.40 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.61
|
7.71 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.65
|
4.38 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03
|
0.16 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.92
|
2.69 |
2.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.96
|
5.38 |
3.53 |
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 office address of the company has been shifted from “128,
Mittal Tower, "B" Wing, 12th Floor, Nariman Point, Mumbai - 400021, Maharashtra,
India” to the present address w.e.f. 01.09.2010
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U24100MH2005PTC153751 |
|
Name of the company |
RIDHI PETROCHEM PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
41/B, Mittal Tower, 4th Floor, Nariman Point, Mumbai – 400021, Maharashtra,
India E-mail : ridhipetrochem@gmail.com
|
|
This form is for |
Creation of charge |
|
Type of charge |
Book debts Movable property (not being pledge) |
|
Particular of charge holder |
State Bank of India, Commercial Branch,3rd Floor, "Paramsiddhi" Complex, Near Mahakant
Building, Ellisbridge, Ahmedabad
- 380006, Gujarat, India E-mail : sk9.pareek@gmail.com
|
|
Nature of instrument creating charge |
Joint Deed of Hypothecation dated 17th January,2012 |
|
Date of instrument Creating the charge |
17.01.2012 |
|
Amount secured by the charge |
Rs.631.700 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Extent and Operation of the charge Charge over entire Stock of Raw Materials, Stock In Process, Finished
Goods, Stores and Spares, Goods in transit, receivables and other Current
Assets of the Company on pari passu
basis with other consortium lenders. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Part A : Description of
Hypothecated Pant and Machineries : The whole of the movable property and
assets of the Borrower (save and except book debts and Goods) including all
movable plant and machinery ( whether fixed or movables whether attached to
the lands and premises situated at Division / Project situated in the State
of Gujarat or elsewhere, hereto or not),machinery spares and stores, tool and
accessories and other movables both present
and future whether installed or not and whether now lying loose or in
case or which are now lying or stored in or about or shall hereafter from
time to time during the continuance of the security of these present be
brought into or upon or be stored or be in or about the Borrower's factories,
premises and godowns situated lying and being at
and pertaining to the Borrower's Division/ Project situated at in the State
of Gujarat or elsewhere ,or to be held by any party to the order or
disposition of the Borrower or in the course of transit or delivery howsoever
and where so ever and either by way of substitution or addition. PART B:
(Description of Hypothecated Current Assets) : The whole of the Current
Assets of the Borrower namely, Stocks of Raw materials, stocks in process,
semi- finished and finished goods, purchased or to be purchased with loose
tools and Consumable Stores and spares and the stocks acquired/ to be
acquired under Inland/ Import L/C transaction, Bills Receivable and Book
Debts and documents of title to goods etc., and all other movables, both
present and future whether now lying loose or in cases or which are now lying
or stored in or about or shall hereinafter from time to time during the
continuance of the security of these presents be brought into or upon or be
stored or be in or about of. |
Fixed Assets:
·
Factory Shed and Land
·
Factory Building
·
Plant and Machinery
·
Electrical Installations
·
Furniture and Fixtures
·
Computers
·
Office Equipments
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
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
44 |
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.