1. Summary Information
|
|
|
Country |
|
|
Company Name |
D R POLYMERS LIMITED |
Principal Name 1 |
Mr. Dinesh Kumar Jain |
|
Status |
Satisfactory |
Principal Name 2 |
Ms. Rekha Jain |
|
|
|
Registration # |
55-043773 |
|
Street Address |
71/7, |
||
|
Established Date |
03.04.1991 |
SIC Code |
-- |
|
Telephone# |
91-11-45023000 |
Business Style 1 |
Importer |
|
Fax # |
91-11-25923001/25923009 |
Business Style 2 |
Trader |
|
Homepage |
Product Name 1 |
PP Polypropylene |
|
|
# of employees |
50 (Approximately) |
Product Name 2 |
PPCP |
|
Paid up capital |
Rs. 35,533,000/- |
Product Name 3 |
HDPE High-Density
Polyethylene |
|
Shareholders |
Bodies corporate – 35.00%, Other top fifty shareholders –
65.00% |
Banking |
Bank of |
|
Public Limited Corp. |
No |
Business Period |
21 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (46) |
|
Related
Company |
|||
|
Relation |
Country |
Company
Name |
CEO |
|
Associate |
|
Doshi Plastic Industries |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
594,953,000 |
Current Liabilities |
172,114,000 |
|
Inventories |
280,670,000 |
Long-term Liabilities |
431,965,000 |
|
Fixed Assets |
40,792,000 |
Other Liabilities |
21,469,000 |
|
Deferred Assets |
0 |
Total Liabilities |
625,548,000 |
|
Invest& other Assets |
0 |
Retained Earnings |
255,334,000 |
|
|
|
Net Worth |
290,867,000 |
|
Total Assets |
916,415,000 |
Total Liab. & Equity |
916,415,000 |
|
Total Assets (Previous Year) |
812,960,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
2157,786,000 |
Net Profit |
40,886,000 |
|
Sales(Previous yr) |
1753,795,000 |
Net Profit(Prev.yr) |
89,000,000 |
MIRA
INFORM REPORT
|
Report Date : |
17.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
D R POLYMERS LIMITED |
|
|
|
|
Registered
Office : |
71/7, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
03.04.1991 |
|
|
|
|
Com. Reg. No.: |
55-043773 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 35.533 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1991PLC043773 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELD02448F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD0500F |
|
|
|
|
Legal Form : |
A Closely Held
Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Importers and
Traders of Plastic Raw Material |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having satisfactory track. There appears some dip in the
profitability of the company. However, trade relations are reported as fair.
Business is active. Payments are reported to be usually correct and as per
commitment. 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 : |
71/7, |
|
Tel. No.: |
91-11-45023000 |
|
Fax No.: |
91-11-25923001/25923009 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
400 sq ft |
|
Location : |
Owned |
|
|
|
|
Head Office : |
C-24, |
|
Tel. No.: |
91-11-45023000 |
|
Fax No.: |
91-11-25923009 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
Plot No. 52, Sector -18, Gurgaon, Haryana |
|
Tel. No.: |
91-124-2348485/2345836/2399880 |
|
Fax No.: |
91-124-4014877 |
|
E-Mail : |
|
|
|
|
|
Branch Office
: |
A-13, Phase-II, Near |
|
Tel. No.: |
91-120-3208908 |
|
Fax No.: |
91-120-3043438 |
|
E-Mail : |
|
|
|
|
|
Branch Office
: |
Village Gularwala, Post-Karunava, Near |
|
Tel. No.: |
91-179-5322461 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
Village Bongla, Roorkee Road, Bhadrabad, Haridwar, Uttrakhand, India |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Dinesh Kumar Jain |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
GB- 24 Shivaji
Enclave, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.01.1961 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
03.04.1991 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00037352 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Ms. Rekha Jain |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
GB- 24 Shivaji
Enclave, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
21.10.1966 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.04.1994 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00037354 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Shreyansh Jain |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
GB- 24 Shivaji
Enclave, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.04.1989 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.01.2008 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02162122 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Dinesh Kumar Jain |
|
191920 |
|
Rekha Doshi |
|
37295 |
|
Mukesh Bakodia |
|
535 |
|
Ankush Holding
Limited, |
|
95000 |
|
Gurdeep Kaur |
|
10 |
|
Gurpal Singh |
|
10 |
|
Kaur Kuldeep |
|
10 |
|
Mayank Rastoji |
|
10 |
|
Sunil Kumar
Rastogi |
|
10 |
|
Paramjit Singh |
|
10 |
|
Priyanka Rastogi |
|
10 |
|
D R Builders and
Promoters Private Limited, |
|
30000 |
|
Mirdul Rastogi |
|
10 |
|
Shreyansh Jain |
|
50000 |
AS ON 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
35.00 |
|
Other
top fifty shareholders |
|
65.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importers and
Traders of Plastic Raw Material |
|
|
|
|
Products : |
v
PP
Polypropylene v
PPCP v
HDPE
High-Density Polyethylene v
LLDPE
Linear Low-Density Polyethylene v
LDPE
Low-Density Polyethylene v
Delrin v
Poly
Carbonate v
SAN v
Nylon6 v
Acrylic v
Ethyl
Vinyl Acetate (EVA) v
Acrylonitrile
– Butadiene-Styrene Copolymer (ABS) v
General
Purpose Polystyrene (GPPS) v
High-Impact
Polystyrene (HIPS) |
GENERAL INFORMATION
|
Customers : |
v
Maruti
Suzuki v Hero Honda v Tata Motors v Bajaj Distinetly Ahead v Pricol v Minda NK Minda Group v Ashok Leyland v LGF v
Samsung |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
50 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
·
Bank of ·
Karur Vysya bank Limited, 65/7, First Floor, |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Chanderparkash and Company Chartered Accountants |
|
Address : |
207, |
|
Tel. No.: |
91-11-25731059/
25731060/ 41539570 |
|
Mobile No.: |
91-9810056108 |
|
Fax No.: |
91-11-25741070 |
|
E-Mail : |
|
|
Website : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAHPP1487F |
|
|
|
|
Associates : |
·
Doshi Plastic Industries ·
D.R. Builders and Promoters Private Limited ·
Ankush Holdings Limited ·
STPI Infrastructure Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs. 100/-each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
355330 |
Equity Shares |
Rs. 100/-each |
Rs. 35.533
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 |
35.533 |
35.533 |
35.533 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
255.334 |
214.448 |
125.448 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
290.867 |
249.981 |
160.981 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
398.415 |
297.849 |
337.313 |
|
|
2] Unsecured Loans |
33.550 |
47.819 |
45.759 |
|
|
TOTAL BORROWING |
431.965 |
345.668 |
383.072 |
|
|
DEFERRED TAX LIABILITIES |
0.317 |
0.569 |
1.027 |
|
|
|
|
|
|
|
|
TOTAL |
723.149 |
596.218 |
545.080 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
40.792 |
57.818 |
26.876 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
280.670
|
225.825
|
225.825
|
|
|
Sundry Debtors |
244.092
|
250.631
|
250.631
|
|
|
Cash & Bank Balances |
15.500
|
3.439
|
3.439
|
|
|
Other Current Assets |
153.202
|
92.967
|
92.967
|
|
|
Loans & Advances |
182.159
|
120.248
|
120.248
|
|
Total
Current Assets |
875.623
|
755.142 |
693.110
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
60.907
|
51.143 |
93.135 |
|
|
Other Current Liabilities |
111.207
|
119.193 |
75.001 |
|
|
Provisions |
21.152
|
46.406 |
6.770 |
|
Total
Current Liabilities |
193.266
|
216.742 |
174.906 |
|
|
Net Current Assets |
682.357
|
538.400 |
518.204 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
723.149 |
596.218 |
545.080 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Operating Revenue |
2157.786 |
1753.795 |
1657.151 |
|
|
|
Other Income |
50.570 |
57.803 |
17.076 |
|
|
|
TOTAL (A) |
2208.356 |
1811.598 |
1674.227 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption Material changes inventories |
2041.596 |
|
|
|
|
|
Manufacturing services costs |
10.593 |
8.216 |
|
|
|
|
Contract Cost |
0.676 |
0.877 |
|
|
|
|
Employee related expenses |
8.950 |
6.864 |
|
|
|
|
Administrative Selling and other expenses |
52.019 |
39.308 |
|
|
|
|
TOTAL (B) |
2113.834 |
1647.055 |
1614.914 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
94.522 |
164.543 |
59.313 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
29.302 |
26.973 |
37.232 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
65.220 |
137.570 |
22.081 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.349 |
2.518 |
1.934 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
62.871 |
135.052 |
20.147 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(21.985) |
(46.052) |
6.340 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
40.886 |
89.000 |
13.807 |
|
|
|
|
|
|
|
|
|
|
Import Value |
0.000 |
1097.872 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
118.12 |
250.77 |
37.93 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.85
|
4.91 |
0.82 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.91
|
7.70 |
1.22 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.86
|
16.61 |
2.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22
|
0.54 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.15
|
2.25 |
3.47 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.53
|
3.48 |
3.96 |
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. Constructions of the firm |
Yes |
|
4. Premises details |
Yes |
|
5. Type of Business |
Yes |
|
6. Line of Business |
Yes |
|
7. Promoter’s background |
Yes |
|
8. No. of Employees |
Yes |
|
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 |
Yes |
|
17. Major suppliers |
No |
|
18. Major customers |
No |
|
19. Payments terms |
No |
|
20. Export / Import details |
No |
|
21. Market information |
-- |
|
22. Litigations that the firm / promoter involved |
-- |
|
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 |
NOTES:
The Registered Address of the company has been
shifted from 101 DR Complex C 24 Mansarover Garden,
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U74899DL1991PLC043773 |
|
Name of the
company |
D R POLYMERS
LIMITED |
|
Address of the registered
office or of the principal place of
business in |
71/7, |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book Debts Movable Property |
|
Particular of charge
holder |
Karur Vysya Bank
Limited, 65/7, First Floor, New Rohtak Road, Karol Bagh, Delhi – 110005,
India Email id: delhiclpc@kvbmail.com |
|
Nature of description
of the instrument creating or modifying the charge |
Agreement for
goods purchased under letter of credit dated 19.12.2011 |
|
Date of
instrument Creating the charge |
19.12.2011 |
|
Amount secured by
the charge |
Rs. 12.500
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As Applicable On
Due Dae Terms of Repayment Credit Limits
Repayable On Demand Sanctioned To D R Polymers Limited Margin 15% Extent and Operation of the charge First and
exclusive charge on the stock purchased utilizing the LC limit of Rs. 12.500
millions (USD 231660/-) sanctioned by the bank to the company |
|
Short particulars
of the property charged |
Hypothecation of
stock of 54 MT LG chem abs hi 121 black and 54 MT LG chem abs hi121u black
purchased utilizing the FLC limit |
CONTINGENT LIABILITIES:
Rs in Millions
|
Particulars |
|
31.03.2011 |
|
Bank Guarantees outstanding in favour of
parties |
|
14.000 |
|
Letters
of Credit issued by banks on behalf of the company and outstanding |
|
|
|
There
is an contingent liability of the company on account of search conducted by
the Income Tax Department in the year 2009 and various materials seized
during the search operation. |
|
106.771 |
AS PER WEBSITE DETAILS:
PROFILE
Established in the year 1978, Subject is an international trading house dealing in superior quality of Polymers And Injection Molding Machines. Over the years, they have gained strong foothold in the market due to high quality, competitive prices and time lined delivery schedules of their range. Their base in New Delhi, the capital region and various branch offices in Haridwar, Baddi, Noida, Gurgaon, Punjab and Bhiwadi, help them in catering their clients in an effective manner.
To cater successfully to the ever increasing demands of their clients, they have associated ourselves with some of the leading manufacturers including Lanxess, Bayer Material Science, GSFC Limited, Korea Engineering Plastics, LGF, Supreme Petrochemicals, GAIL and many more, hence, the quality of their products comes assured. Further, these products are effectively stored in their warehousing units under controlled condition to avoid any kind of damage. Their professionals also check the packaging of their products to avoid any kind of damage caused during transit
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. 54.29 |
|
|
1 |
Rs. 86.61 |
|
Euro |
1 |
Rs. 68.87 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
|
46 |
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.