MIRA
INFORM REPORT
|
Report Date : |
15.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
TRIMOORTY AUTODECO COMPONENTS PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
B – 7/9 Gururaj Housing Society, Padmavati, Pune-Satara Road, Pune –
411037, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
11.12.2001 |
|
|
|
|
Com. Reg. No.: |
11-016589 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.475
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34300PN2001PTC016589 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNET03652F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of foam parts, press parts and accessories for motor
vehicle industries and parts of refrigerators, washing machines and other
electronic and household appliances. |
|
|
|
|
No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 170000 |
|
|
|
|
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.
INFORMATION DECLINED BY
|
Name : |
Mr. Sudhir Sadashiv Joshi |
|
Designation : |
Director |
|
Contact No.: |
91-9822393581 |
|
Date : |
27.04.2012 |
LOCATIONS
|
Registered Office : |
B – 7/9 Gururaj Housing Society, Padmavati, Pune-Satara Road, Pune –
411037, Maharashtra, India |
|
Tel. No.: |
91-20-24390094 |
|
Mobile No.: |
91-9822393581 [Mr. Sudhir Sadashiv Joshi] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Correspondence Office : |
Om Bunglow’, Ganesh Nagar, Wadgaon Dhayari, 17/2/2 Kanchanmrug
Society, Pune – 411041, Maharashtra, India |
|
|
|
|
Factory : |
S No. 44, Plot No. 23 and 25, Renuka Industrial Estate, Pune – 411041,
Maharashtra, India |
|
Tel. No.: |
91-20-24394833 / 24699317 / 24699690 |
DIRECTORS
As on 28.09.2011
|
Name : |
Mr. Sudhir Sadashiv Joshi |
|
Designation : |
Director |
|
Address : |
C 201, Bharatshree Co Op. Hsg Society, Bharatnagar, Eradwne Pune –
411038, Maharashtra, India |
|
Date of Birth/Age : |
08.03.1961 |
|
Date of Appointment : |
11.12.2001 |
|
DIN No. : |
00282075 |
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 |
U34300PN2001PTC016589 |
TRIMOORTY
AUTODECO COMPONENTS PRIVATE LIMITED |
Director |
11-12-01 |
11-12-01 |
- |
Active |
NO |
|
2 |
U29259PN2005PTC021007 |
TRISEAL
PRODUCTS PRIVATE LIMITED |
Director |
25-07-05 |
25-07-05 |
- |
Amalgamated |
NO |
|
3 |
U24233PN2009PTC133943 |
SURAJ
BIO HERBAL PRIVATE LIMITED |
Director |
13-05-09 |
13-05-09 |
08-12-10 |
Active |
NO |
|
Name : |
Mr. Makarand Narayan Joshi |
|
Designation : |
Director |
|
Address : |
S No. 17/2/2, Kanchan Society Om Bungalow, Ganesh Nagar, Wadgaon, Dhayari,
Pune – 411041, Maharashtra, India |
|
Date of Birth/Age : |
17.11.1968 |
|
Date of Appointment : |
11.12.2001 |
|
DIN No. : |
00282116 |
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 |
U34300PN2001PTC016589 |
TRIMOORTY
AUTODECO COMPONENTS PRIVATE LIMITED |
Director |
11-12-01 |
11-12-01 |
- |
Active |
NO |
|
2 |
U29259PN2005PTC021007 |
TRISEAL
PRODUCTS PRIVATE LIMITED |
Director |
17-08-06 |
25-07-05 |
- |
Amalgamated |
NO |
|
3 |
U24233PN2009PTC133943 |
SURAJ
BIO HERBAL PRIVATE LIMITED |
Director |
13-05-09 |
13-05-09 |
08-12-10 |
Active |
NO |
|
Name : |
Mrs. Madhavi Makarand Joshi |
|
Designation : |
Additional Director |
|
Address : |
S No. 17/2/2, Kanchanmrug Society, No. 5, Om Bungalow, Ganesh Nagar,
Dhayari, Pune – 411041, Maharashtra, India |
|
Date of Birth/Age : |
16.02.1977 |
|
Date of Appointment : |
01.10.2009 |
|
DIN No. : |
01298124 |
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 |
U29259PN2005PTC021007 |
TRISEAL
PRODUCTS PRIVATE LIMITED |
Director |
13-07-05 |
13-07-05 |
- |
Amalgamated |
NO |
|
2 |
U24233PN2009PTC133943 |
SURAJ
BIO HERBAL PRIVATE LIMITED |
Director |
30-09-10 |
01-09-09 |
08-12-10 |
Active |
NO |
|
3 |
U34300PN2001PTC016589 |
TRIMOORTY
AUTODECO COMPONENTS PRIVATE LIMITED |
Director |
30-09-10 |
01-10-09 |
- |
Active |
NO |
|
Name : |
Mrs. Sneha Sudhir Joshi |
|
Designation : |
Additional Director |
|
Address : |
C 201, Bharatshree Co-operative Housing Society, Near New Karnataka
High School, Pune – 411038, Maharashtra, India |
|
Date of Birth/Age : |
01.02.1968 |
|
Date of Appointment : |
01.10.2009 |
|
DIN No. : |
01298055 |
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 |
U29259PN2005PTC021007 |
TRISEAL
PRODUCTS PRIVATE LIMITED |
Director |
13-07-05 |
13-07-05 |
- |
Amalgamated |
NO |
|
2 |
U34300PN2001PTC016589 |
TRIMOORTY
AUTODECO COMPONENTS PRIVATE LIMITED |
Director |
30-09-10 |
01-10-09 |
- |
Active |
NO |
|
Name : |
Mr. Suhas Suresh Pathak |
|
Designation : |
Director |
|
Address : |
1023, Budhwar Peth, Pune – 411002, |
|
Date of Birth/Age : |
28.02.1970 |
|
Date of Appointment : |
01.10.2002 |
|
DIN No. : |
00282155 |
|
|
|
|
Name : |
Mr. Chantamani Gajanan Kale |
|
Designation : |
Director |
|
Address : |
578, Kasba Peth Flat NO. 5, Moreshwar Apartments, Pune – 411011, |
|
Date of Birth/Age : |
11.05.1972 |
|
Date of Appointment : |
01.10.2002 |
|
DIN No. : |
00282210 |
|
|
|
|
Name : |
Mr. Milind Narayan Joshi |
|
Designation : |
Director |
|
Address : |
Gururaj Soceity, FLB/7/9, Dhankawadi, Pune – 411043, |
|
Date of Birth/Age : |
14.06.1966 |
|
Date of Appointment : |
24.09.2007 |
|
DIN No. : |
01852170 |
|
|
|
|
Name : |
Mr. Jitendra Achut Kuray |
|
Designation : |
Director |
|
Address : |
A-7, Seema Garden Near Utsav Karyalaya Paud Road, Pune-411038,
Maharashtra, India |
|
Date of Birth/Age : |
17.08.1965 |
|
Date of Appointment : |
30.09.2010 |
|
DIN No. : |
02666231 |
|
Name : |
Mr. Shrikant Prabhakar Athavale |
|
Designation : |
Director |
|
Address : |
15, Shweta Park, Sutharpath Paud Road, Pune-411038, Maharashtra, India
|
|
Date of Birth/Age : |
15.12.1953 |
|
Date of Appointment : |
30.09.2010 |
|
Date of Cessation : |
25.12.2011 |
|
DIN No. : |
02666194 |
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 |
U34300PN2001PTC016589 |
TRIMOORTY
AUTODECO COMPONENTS PRIVATE LIMITED |
Director |
30-09-10 |
01-04-10 |
25-12-11 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Sudhir Sadashiv Joshi |
|
6900 |
|
Makarand Narayan Joshi |
|
7000 |
|
Sneha Sudhir Joshi |
|
250 |
|
Shrikant Prabhakar Athavale |
|
465 |
|
Madhavi Makarand Joshi |
|
250 |
|
Sharad Shankar Deshpande |
|
465 |
|
Madhav Sadashiv Joshi |
|
815 |
|
Narayan Govind Joshi |
|
1000 |
|
Sunita Narayan Joshi |
|
1000 |
|
Sunanda Sudhakar Kulkarni |
|
495 |
|
Ganesh Gajanan Kale |
|
10 |
|
Sayli Makarand Oak |
|
400 |
|
Purshottam Sadashiv Joshi |
|
475 |
|
Prachi Purshottam Joshi |
|
475 |
|
|
|
|
|
Total |
|
20000 |
As on 28.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
99.99 |
|
Other
top fifty shareholders |
|
0.01 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of foam parts, press parts and accessories for motor vehicle
industries and parts of refrigerators, washing machines and other electronic
and household appliances. |
||||
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|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management. |
|||||||||||||||||||||||||||
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|
Bankers : |
Bank of Baroda, Amit Crystals, Opposite Chaturshringi Temple, Pune –
411016, Maharashtra, India |
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Anil Dharap and Associates Chartered Accountant |
|
Address : |
770/5, Deccan Gymkhana, Pune-411004, Maharashtra, India |
|
Tel. No.: |
91-20-25871172 |
|
Pan No.: |
ABOPD7314H |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25000 |
Equity Shares |
Rs.100/- each |
Rs.2.500 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
20000 |
Equity Shares |
Rs.100/- each |
Rs.2.000
Millions |
|
4750 |
Share Capital Suspense Account |
Rs.100/- each |
Rs.0.475 Million
|
|
|
Total |
|
Rs.2.475 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 |
2.475 |
2.475 |
2.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
40.078 |
25.762 |
16.245 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
42.553 |
28.237 |
18.245 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
19.911 |
16.076 |
13.727 |
|
|
2] Unsecured Loans |
0.300 |
0.449 |
0.249 |
|
|
TOTAL BORROWING |
20.211 |
16.525 |
13.976 |
|
|
DEFERRED TAX LIABILITIES |
0.251 |
0.121 |
0.109 |
|
|
|
|
|
|
|
|
TOTAL |
63.015 |
44.883 |
32.330 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
27.713 |
24.412 |
9.060 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
4.110 |
1.147 |
0.686 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
10.073
|
13.716 |
9.399 |
|
|
Sundry Debtors |
42.996
|
30.399 |
20.387 |
|
|
Cash & Bank Balances |
3.761
|
2.660 |
4.333 |
|
|
Other Current Assets |
0.104
|
0.346 |
0.155 |
|
|
Loans & Advances |
10.455
|
6.115 |
8.303 |
|
Total
Current Assets |
67.389
|
53.236 |
42.577 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
16.453
|
22.496 |
11.018 |
|
|
Other Current Liabilities |
0.087
|
0.090 |
0.086 |
|
|
Provisions |
19.657
|
11.326 |
8.889 |
|
Total
Current Liabilities |
36.197
|
33.912 |
19.993 |
|
|
Net Current Assets |
31.192
|
19.324 |
22.584 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
63.015 |
44.883 |
32.330 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
216.762 |
168.508 |
106.135 |
|
|
|
Other Income |
0.169 |
0.088 |
0.051 |
|
|
|
TOTAL |
216.931 |
168.596 |
106.186 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
195.473 |
158.628 |
100.618 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
195.473 |
158.628 |
100.618 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
21.458 |
9.968 |
5.568 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
7.000 |
2.974 |
1.986 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
14.458 |
6.994 |
3.582 |
|
|
|
|
|
|
|
|
|
|
Short Provision for income tax for earlier
years |
0.011 |
0.076 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Deferred Tax |
0.129 |
(0.008) |
(0.010) |
|
|
|
|
|
|
|
|
|
|
General Reserve |
2.145 |
0.997 |
0.557 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
722.90 |
342.77 |
185.89 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
6.66
|
4.15 |
3.37 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.90
|
5.92 |
5.25 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
22.56
|
12.84 |
10.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.50
|
0.35 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.33
|
1.79 |
1.86 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.86
|
1.57 |
2.13 |
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 |
Yes |
|
10) Designation of contact person |
Yes |
|
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 involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
OPERATION:
During the financial year the turnover was
Rs.216.762 millions as compared to previous year Rs.168.508 millions and net
profit Rs.21.458 millions as compared to previous year Rs.9.829 millions.
As member are aware that company had submitted
shares of amalgamation in Bombay High Court for amalgamation of Triseal
Products Private Limited with the company.
The same was approved by the Hon’ble Bombay
High Court by its order dated 15th April 2011.
Accordingly all assests an liabilities both movable
and immovable, licenses, all other interest, rights and power of every kind and
all debts, liabilities including contingent liabilities, dues and obligations
of the above company have been transferred to and vested in the company with
effect from 1st September 2009, being the appointed date. The scheme
has accordingly been given effect in the accounts.
The amalgamation has been accounted for under
the purchase method as prescribed by accounting standard AS-14 issued by the
Institute of Chartered Accountants of India.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U34300PN2001PTC016589 |
||||||
|
Name of the
company |
TRIMOORTY
AUTODECO COMPONENTS PRIVATE LIMITED |
||||||
|
Address of the registered
office or of the principal place of
business in |
B-7/9 Gururaj Hsg
Socpadmavati, |
||||||
|
This form is for |
Modification of
charge |
||||||
|
Type of charge |
Immovable
Property Any interest in
immovable property Book Debts Movable Property Floating Charge Rubber, foams |
||||||
|
Particular of
charge holder |
|
||||||
|
Nature of
instrument creating charge |
Composite
hypothecation agreement and memorandum of record of deposit of title deed
both constitung single charge. |
||||||
|
Date of instrument
Creating the charge |
10.05.2010 |
||||||
|
Amount secured by
the charge |
Rs. 26.864
millions |
||||||
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest
- ROI @.50% below BPLR i.e. 11.50% p. a., at present. With monthly rests, as
applicable, for CR-4, rated SME account under CRISIL Rating Model, subject to
change as per RBI guidelines. Terms of
Repayment - 52 equal monthly installments each of Rs. 0.113 millions, and
53rd (last) installment of Rs. 8.800 millions. Interest is to be
serviced separately as and when charged on monthly basis Margin - Term
Loan : Overall margin :28.89% Cash Credit : 25%
for both stock and book debts Extent and
Operation of the charge – By the present
modification limits are increased from Rs.19.900 millions to Rs.26.864
millions by providing fresh term loan of Rs. 8.400 millions. the revised and
restructured limits are as follows: Term Loan I (
Existing ): 5.964 millions Term Loan II (
Fresh): 8.400millions Cash Credit
:12.500 millions ( Stock and Book
Debts TOTAL: 26.864
millions charge operates as a security for the increased limits |
||||||
|
Particulars of
the property charged |
Industrial units
no. 1, 2, and 4 adms. about 2250 sq. ft. (209.10 sq. mtrs.) situated at
ground floor of the building situate at plot no. 3 and S No. 44 Hiss no 23 +
25 of village Narhe, Tal and Dist Pune industrial units no. 5, 6, 7 and 8
adms. about 3000 sq. ft. (278.82 sq. mtrs.) situated at first floor of the
building situate at plot no. 3 and S No. 44 Hiss no 23 + 25 of village Narhe,
Tal and Dist Pune all piece and parcel of leasehold land adms. hectors 00=44
Aars from and out of property bearing Gat no. 61/1 situate at village Ahire,
Tal Khandala, Dist. Satara all the present and future stocks including stocks
of raw material, WIP, finished and semi finished goods, packaging materials,
stores all the present and future book debts o/s monies, monies receivables,
claims, bills, contracts, engagements and securities all the present and
future tangible movable machinery, plant, cranes, boats, crafts, vehicles
together with spares, tools and accessories; other movable assets including
furniture, fixtures and fittings and also as stated in agreements Equitable
Mortgage of existing factory land (area of plot of land is 4400sq.mtrs) and
building ( built at a cost of Rs. 7.218 millions, situated at Gat No. 61/1,
Vill. Ahire, Pargaon- Khandala District Satara |
||||||
|
Date of
instrument modifying the charge |
29.06.2009 |
||||||
|
Particulars of
the present modification |
By the present
modification limits are increased from Rs.19.900 millions to Rs.26.864
millions by providing fresh term loan of Rs. 8.400 millions the revised and
restructured limits are as follows: Term Loan I (
Existing ): 5.964 millions Term Loan II (
Fresh): 8.400millions Cash Credit
:12.500 millions ( Stock and Book
Debts TOTAL: 26.864
millions charge operates as a security for the increased limits |
FIXED ASSETS:
- Machinery
- Office equipments
- Vehicles
- Furniture
- Generator
- Electrical
Installation
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.53.71 |
|
|
1 |
Rs.86.34 |
|
Euro |
1 |
Rs.69.23 |
INFORMATION DETAILS
|
Information Gathered
by : |
PJA |
|
|
|
|
Report Prepared
by : |
BSN |
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 |
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 |
|
45 |
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.