1. Summary Information
|
|
|
Country |
|
|
Company Name |
VIDUSHI WIRES
PRIVATE LIMITED |
Principal Name 1 |
Mr. Sunil Puranmal Poddar |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Gautam Puranmal Poddar |
|
|
|
Registration # |
11-091119 |
|
Street Address |
Plot No. C-6,
Additional Ambernath, MIDC Industrial Area, Anand Nagar, Ambernath, Thane –
421 506, |
||
|
Established Date |
28.07.1995 |
SIC Code |
-- |
|
Telephone# |
91-251-2620515 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-251-2620469 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Spring Steel Wire |
|
|
# of employees |
-- |
Product Name 2 |
Annealed Wire |
|
Paid up capital |
Rs.
8,050,000/- |
Product Name 3 |
Spoke Wire |
|
Shareholders |
Directors or relatives of directors-100% |
Banking |
The Saraswat Co-Operative Bank Limited |
|
Public Limited Corp. |
NO |
Business Period |
17 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
168,709,000 |
Current Liabilities |
61,394,000 |
|
Inventories |
73,137,000 |
Long-term Liabilities |
147,038,000 |
|
Fixed Assets |
128,806,000 |
Other Liabilities |
15,057,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
223,489,000 |
|
Invest& other Assets |
58,000 |
Retained Earnings |
139,171,000 |
|
|
|
Net Worth |
147,221,000 |
|
Total Assets |
370,710,000 |
Total Liab. & Equity |
370,710,000 |
|
Total Assets (Previous Year) |
298,809,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
797,709,000 |
Net Profit |
29,895,000 |
|
Sales(Previous yr) |
668,425,000 |
Net Profit(Prev.yr) |
15,094,000 |
|
Report Date : |
23.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
VIDUSHI WIRES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. C-6, Additional Ambernath, MIDC Industrial Area, Anand Nagar,
Ambernath, Thane-421 506, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
28.07.1995 |
|
|
|
|
Com. Reg. No.: |
11-091119 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 8.050 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28990MH1995PTC091119 |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer of Acid Pickling, Prospecting Plant, Wire Drawing
Machines, Coil to Coil and Coil to Bar
|
|
|
|
|
No. of Employees
: |
Not Available |
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 580000 |
|
|
|
|
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 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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office/Administrative Office/Factory : |
Plot No. C-6, Additional Ambernath, MIDC Industrial Area, Anand Nagar,
Ambernath, Thane – 421 506, |
|
Tel. No.: |
91-251-2620515 / 2620469 / 2621709 / 2621607 |
|
Fax No.: |
91-251-2620469 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 16.07.2011
|
Name : |
Mr. Sunil Puranmal Poddar |
|
Designation : |
Director |
|
Address : |
Plot No. RL-I, Milap Nagar, MIDC Residential Zone, Dombivli (East),
Thane-421203, |
|
Date of Birth/Age : |
30.10.1968 |
|
Date of Appointment : |
28.07.1995 |
|
DIN No.: |
01637719 |
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 |
U99999MH1989PTC052213 |
ARCHI
STEEL WIRES PRIVATE LIMITED |
Director |
15-06-89 |
15-06-89 |
12-12-11 |
Active |
NO |
|
2 |
U28990MH1995PTC091119 |
VIDUSHI
WIRES PRIVATE LIMITED |
Director |
28-07-95 |
28-07-95 |
- |
Active |
NO |
|
3 |
U65920MH1998PTC113283 |
AARONS
CREDIT CAPITAL PRIVATE LIMITED |
Additional
director |
01-12-11 |
01-12-11 |
- |
Active |
NO |
|
Name : |
Mr. Gautam Puranmal Poddar |
|
Designation : |
Director |
|
Address : |
Plot No. RL-I, Milap Nagar, MIDC Residential Zone, Dombivli (East),
Thane-421203, |
|
Date of Birth/Age : |
02.06.1976 |
|
Date of Appointment : |
28.07.1995 |
|
DIN No.: |
01612065 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U28990MH1995PTC091119 |
VIDUSHI
WIRES PRIVATE LIMITED |
Director |
28-07-95 |
28-07-95 |
Active |
NO |
|
2 |
U65920MH1998PTC113283 |
AARONS
CREDIT CAPITAL PRIVATE LIMITED |
Additional
director |
01-12-11 |
01-12-11 |
Active |
NO |
|
Name : |
Mr. Puranmal Deviprasad Poddar |
|
Designation : |
Director |
|
Address : |
D/7, Shree Laxi Apartment, |
|
Date of Birth/Age : |
29.06.1944 |
|
Date of Appointment : |
28.07.1995 |
|
DIN No.: |
01754240 |
|
|
|
|
Name : |
Mrs. Minu Sunil Poddar |
|
Designation : |
Director |
|
Address : |
Plot No. RL-I, Milap Nagar, MIDC Residential Zone, Dombivli (East),
Thane-421203, |
|
Date of Birth/Age : |
15.08.1969 |
|
Date of Appointment : |
28.07.1995 |
|
DIN No.: |
01678019 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 16.07.2011
|
Names of Shareholders |
No. of Shares |
|
Sunil Puranmal Poddar |
150000 |
|
Gautam Puranmal Poddar |
380000 |
|
Minu Sunil Poddar |
60000 |
|
Puranmal Deviprasad Poddar |
40000 |
|
Aarons Credit Capital Private Limited, India |
140000 |
|
Gautam Puranmal Poddar (HUF) |
1000 |
|
Nidhi Poddar |
26000 |
|
Premlata Poddar |
1000 |
|
Puranmal Deviprasad Poddar (HUF) |
1000 |
|
Sunil Poddar (HUF) |
1000 |
|
Saket Bagaria |
5000 |
|
Total |
805000 |
AS ON 10.12.2011
|
Names of Shareholders |
No. of Shares |
|
Sunil Puranmal Poddar |
100000 |
|
Gautam Puranmal Poddar |
94000 |
|
Total |
194000 |
AS ON 16.07.2011
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Acid Pickling, Prospecting Plant, Wire Drawing
Machines, Coil to Coil and Coil to Bar
|
|
|
|
|
Products : |
·
Spring Steel Wire
·
Annealed Wire ·
Spoke Wire ·
Link Chain Wire ·
Bright Bars and Rods ·
Ball Bearing ·
Tiller/Shutter Spring Wire ·
MS/LC for Rivets, Screws, Nuts ·
For High Tensile Bolts ·
Trapezoidal/Shaped ·
ACSR Core Wires ·
Earth Wire strands ·
Prestressed Single Wires |
GENERAL INFORMATION
|
Suppliers : |
·
Altrashape Press Tolling ·
Jenil Steel Private Limited ·
Jindal Steel and Power Limited ·
Madhur Engineers Private Limited ·
Mahavir Pack Plast ·
Tata Steel Limited ·
Trupati Enterprises ·
Om Steels ·
Pamma Transport ·
Glad Engineers |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
·
Adhi Parashakti Industries ·
Ankit Forgings ·
AV Fast (India) Private Limited ·
Pavithra Toolings ·
Pragati Industries ·
Rajat Wires Private Limited ·
Ravindra Spring Industries ·
Nilesh Engineering Private Limited ·
Hollow Circlips Industries ·
Stud India ·
Suresh Press Works ·
Surya Fasteners Private Limited ·
Umaa Engineers
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
The Saraswat Co-Operative Bank Limited, Small and
Medium Enterprise Branch, Prabhat Bhavan, Block B, 96 LBS Marg, Vikhroli
(West), Mumbai-400083, Maharashtra, India ·
Citi Bank |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R R Anekar and Company Chartered Accountant |
|
Address : |
Shri Bhairav Kripa, Raghuvir Nagar, Near |
|
Tel. No.: |
91-95251-2444839 / 2435344 |
|
Fax No.: |
91-95251-2444839 |
|
Pan No.: |
AASPA0999C |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
805000 |
Equity Shares |
Rs.10/- each |
Rs. 8.050
Millions |
|
|
|
|
|
AS ON 16.07.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
999000 |
Equity Shares |
Rs.10/- each |
Rs. 9.990
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 |
8.050 |
3.750 |
3.300 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
139.171 |
109.276 |
74.581 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
147.221 |
113.026 |
77.881 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
128.927 |
77.390 |
132.024 |
|
|
2] Unsecured Loans |
18.111 |
12.632 |
12.770 |
|
|
TOTAL BORROWING |
147.038 |
90.022 |
144.794 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
294.259 |
203.048 |
222.675 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
128.806 |
98.819 |
81.232 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.025 |
0.025 |
0.025 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
73.137
|
41.857 |
51.634 |
|
|
Sundry Debtors |
103.000
|
121.579 |
66.582 |
|
|
Cash & Bank Balances |
4.394
|
1.588 |
2.580 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
61.315
|
34.874 |
58.073 |
|
Total
Current Assets |
241.846
|
199.898 |
178.869 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
61.294
|
87.804 |
34.610 |
|
|
Other Current Liabilities |
0.100
|
0.050 |
0.020 |
|
|
Provisions |
15.057
|
7.907 |
2.921 |
|
Total
Current Liabilities |
76.451
|
95.761 |
37.551 |
|
|
Net Current Assets |
165.395
|
104.137 |
141.318 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.033 |
0.067 |
0.100 |
|
|
|
|
|
|
|
|
TOTAL |
294.259 |
203.048 |
222.675 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
797.709 |
668.425 |
558.588 |
|
|
|
Discount and Rate Difference |
11.151 |
6.435 |
4.428 |
|
|
|
Dividend Received |
0.005 |
0.005 |
0.005 |
|
|
|
Interest |
1.828 |
1.897 |
4.167 |
|
|
|
Other Income |
0.000 |
0.300 |
0.115 |
|
|
|
TOTAL (A) |
810.693 |
677.062 |
567.303 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
626.731 |
559.079 |
435.423 |
|
|
|
Wages |
3.430 |
2.324 |
3.117 |
|
|
|
Factory Expenses |
71.555 |
45.714 |
68.547 |
|
|
|
General Expenses |
22.567 |
16.481 |
18.606 |
|
|
|
Directors Remuneration |
13.497 |
4.300 |
2.300 |
|
|
|
Audit Fees |
0.050 |
0.050 |
0.020 |
|
|
|
Keyman Insurance |
1.342 |
1.342 |
1.342 |
|
|
|
Discount Allowed |
0.766 |
0.949 |
0.816 |
|
|
|
Provision for Tax |
15.057 |
7.907 |
2.922 |
|
|
|
TOTAL (B) |
754.995 |
638.146 |
533.093 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
55.698 |
38.916 |
34.210 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
13.030 |
13.251 |
17.818 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
42.668 |
25.665 |
16.392 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
12.773 |
10.571 |
10.063 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT (E-F)
(G) |
29.895 |
15.094 |
6.329 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.52
|
1.64 |
2.34 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.16
|
2.09 |
4.76 |
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 |
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 |
Yes |
|
18. Major customers |
Yes |
|
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 |
FORM 8
|
Corporate identity
number of the company |
U28990MH1995PTC091119 |
|
Name of the
company |
VIDUSHI WIRES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No. C-6, Additional Ambernath, MIDC Industrial Area, Anand Nagar, Ambernath, Thane – 421 506, Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book debts Movable property
(not being pledge) |
|
Particular of charge
holder |
The Saraswat Co-Operative Bank Limited, Small and Medium Enterprise Branch, Prabhat Bhavan, Block B, 96 LBS Marg, Vikhroli (West), Mumbai-400083, Maharashtra, India |
|
Nature of
instrument creating charge |
Agreement of hypothecation
of movable property |
|
Date of
instrument Creating the charge |
09.03.2012 |
|
Amount secured by
the charge |
Rs. 18.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest 15.25% P.A. 2% additional
interest over the usual rate will be charged for the stand by line of credit
facility. Terms of repayment Stand by line of
credit should be repaid within a period of 3 months from the date of first
disbursement Margin As per sanction
terms Extent and operation of the charge Stand by line of
credit : 18.000 Millions (Cash Credit) |
|
Short particulars
of the property charged (Including location of the property) |
The Borrower
Hypothecates and Charge In Favour of The Bank By Way of First Charge All The
Stocks, Book Debts, Outstanding, Monies Receivables, Claims And Bills Which
Are Now Due and Owing or Which Ay At Anytime Hereafter During The Continuance
of The Security Become Due And Owing to The Borrower/S In The Course of His Business
by any Person, Firm, Company or By Government or any Local or Public Body or Authority ( All of Which
Are Hereinafter Collectively Referred to as "The Said Debts") As
Security for Due Repayment to The Bank At Anytime on Demand At Mumbai .The
Borrower Hypothecate In Favour of Bank
All The Tangible Property ( Both Present And Future) Belonging To The
Borrower and Lying And Being At The Borrower's Place of Business At Plot
No.C-6,Additional Ambernath M.I.D.C. Industrial Area, Anand Nagar, Ambernath,
Thane or At Anytime Hereafter During The Continuance of This Security Be Kept
At The Borrower's Place of Business or Place of Works or Wherever Else The
Same May Be or Be Held By Any Party Anywhere to The Order and Disposition of
The Borrower In The Course of Transit. |
FIXED ASSETS
·
Land
·
·
Plant and Machinery
·
Electrification
·
Vehicle
·
Fax Machine
·
Furniture
·
Computers
WEBSITE DETAILS
PROFILE
They
established our works in 1989 in the name of Archi Steel Wires Private Limited and
Vidushi Wires Private Limited in 1995 to manufacture wires and bars in
different grades ranging from 1.00 mm to 35.00mm.
In a very short period of time, they as 'Vidushi' became synonymous with good quality, timely delivery and competitive price.
Their present production capacity is 2000 metric tonnes per month. Their product range includes cold heading wire for fasteners, Spring steel Wire, Umbrella rib wire, Ball Bearing steel wire, flattening quality wire, spoke wire, link chain wire, bucket handle wire catering to the requirements of automobile, power construction and general engineering industry.
They
have good infrastructure for drawing of wires of various sizes with very good
Phospate/Galvanised surface finish, excelllent mechanincal propoerties in Coil-
to - Coil and Coil to bar.
Their
manufacturing process includes acid pickling, phospating plant, wire drawing
machines Coil-to Coil and coil to Bar. They are having 20 Spherodise Annealing
furnaces for heat treatment of wire, Straigtening and cutting machines for
Straight Bar, Centerless grinding, MPI etc.
They
have a well equipped laboratory with metallurgical, mechanical and chemical
testing facilities asssuring best quality to their esteemed customers for
successful product acceptance.
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. 54.88 |
|
|
1 |
Rs. 86.84 |
|
Euro |
1 |
Rs. 70.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
-- |
|
|
|
|
Report Prepared
by : |
DPT |
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.