MIRA
INFORM REPORT
|
Report Date : |
26.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
PARIKH PACKAGING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Opposite Rotomac Pens, Sarkhej-Bavla Highway, Village Moraiya, Taluka
– Sanand, Ahmedabad – 382 213, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
22.10.1999 |
|
|
|
|
Com. Reg. No.: |
04-036763 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.31.114 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209GJ1999PTC036763 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of
Packaging Materials. |
|
|
|
|
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 610000 |
|
|
|
|
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. Latest profit and loss of the company is not available |
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 |
INFORMATION DENIED BY
|
Name : |
Mr. Manish Pulel |
|
Designation : |
Manager |
|
Contact No.: |
91-9909954982 |
|
Date : |
24.05.2012 |
LOCATIONS
|
Registered Office/Factory : |
Opposite Rotomac Pens, Sarkhej-Bavla Highway, Village Moraiya, Taluka
– Sanand, Ahmedabad – 382 213, |
|
Tel. No.: |
91-2717-251106 /
251375 / 251376 / 251377 |
|
Mobile No. : |
91-9825018965/9825018957
[Mr. Roumil] |
|
Fax No.: |
91-2717-251106 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Administrative/Corporate Office : |
29, 3rd
Floor, Sri Krishna Centre, Near Mithakhali |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Rameshchandra Ochhavlal
Parikh |
|
Designation : |
Managing Director |
|
Address : |
514, Lane No 21, Satagrah Chhavni, Satellite Road, Ahmedabad – 380015,
Gujarat |
|
Date of Birth/Age : |
14.08.1945 |
|
Date of Appointment : |
22.10.1999 |
|
DIN : |
|
|
|
|
|
Name : |
Mr. Pavan Rameshchandra Parikh |
|
Designation : |
Director |
|
Address : |
514, Lane No 21, Satagrah Chhavni, Satellite Road, Ahmedabad – 380015,
Gujarat |
|
Date of Birth/Age : |
23.12.1975 |
|
Date of Appointment : |
22.10.1999 |
|
DIN : |
00060697 |
|
|
|
|
Name : |
Mr. Pranav Rameshchandra Parikh |
|
Designation : |
Director |
|
Address : |
514, Lane No 21, Satagrah Chhavni, Satellite Road, Ahmedabad – 380015,
Gujarat |
|
Date of Birth/Age : |
11.03.1974 |
|
Date of Appointment : |
22.10.1999 |
|
DIN : |
00060678 |
KEY EXECUTIVES
|
Name : |
Mr. Manish Pulel |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Rameshbhai O
Parikh |
|
640600 |
|
Pranavbhai R
Parikh |
|
340700 |
|
Pavanbhai R
Parikh |
|
340700 |
|
Kamalkant O
Parikh |
|
100 |
|
Jyotsnaben K
Parikh |
|
100 |
|
Ketanbhai K
Parikh |
|
100 |
|
Samirbhai K
Parikh |
|
100 |
|
Niravbhai K
Parikh |
|
100 |
|
Hemaben N Parikh |
|
100 |
|
Sonaliben S
Parikh |
|
100 |
|
Namrataben K
Parikh |
|
100 |
|
Satisbhai O
Parikh |
|
100 |
|
Satisbhai O
Parikh – HUF |
|
100 |
|
Ritaben S Parikh |
|
100 |
|
Anujbhai S Parikh |
|
100 |
|
Ranjanben R
Parikh |
|
100 |
|
Rajviben P.
Parikh |
|
100 |
|
Amiben P Parikh |
|
100 |
|
Occhavlal M
Parikh |
|
100 |
|
Shradhaben O
Parikh |
|
100 |
|
Amritaben S
Parikh |
|
100 |
|
Pradipbhai K Shah |
|
50 |
|
Pradipbhai K Shah
– HUF |
|
50 |
|
Monaliben P Shah |
|
100 |
|
Niveditaben P
Shah |
|
100 |
|
Umeshbhai R shah |
|
100 |
|
Nayanbhai A Shah
– HUF |
|
100 |
|
Shrenikbhai A
Shah – HUF |
|
100 |
|
Rekhaben U Shah |
|
100 |
|
Kairavbhai U Shah |
|
100 |
|
Chintanbhai U
Shah |
|
50 |
|
Chitaliben C.
Shah |
|
50 |
|
Yogesh K Shah –
HUF |
|
100 |
|
Yogendrabhai K
Shah |
|
50 |
|
Sonaliben Y Shah |
|
100 |
|
Rameshbhai O
Parikh – HUF |
|
600 |
|
Sharmisthaben Y
shah |
|
50 |
|
Pavanbhai R
Parikh – HUF |
|
50600 |
|
Pravanbhai R
Parikh – HUF |
|
50600 |
|
Ranjanben K Doshi |
|
500 |
|
Bhartiben O Parikh |
|
500 |
|
Kaniyalal
Navnitlal Parikh |
|
1562100 |
|
Shardaben O.
Parikh (Family Trust) |
|
50000 |
|
Hemantkumar J.
Parikh |
|
100 |
|
Total |
|
3040000 |
As on 31.03.2012
|
Names of Allotees |
|
No. of Shares |
|
Rameshbhai O
Paikh |
|
35715 |
|
Pranav R Paikh |
|
17143 |
|
Pranav R Paikh–
HUF |
|
714 |
|
Pavan R Paikh |
|
17143 |
|
Pavan R Paikh–
HUF |
|
714 |
|
|
|
|
|
Total |
|
71429 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
Packaging Materials. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS [As on 31.03.2010]
|
Particulars |
Unit |
Actual
Production |
|
Printed / Laminated Film in Roll Form |
Kgs. |
2712003.515 |
|
Printed / Laminated Film in Pouch Form |
Nos. |
55276769 |
|
Installed
Capacity |
Tonnes Per year |
9600 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
The Karur Vysya Bank
Limited, Sakar – VII, Ground Floor, B Block, Near Nehru Bridge Corner, Ashram
Road, Ahmedabad – 380009, Gujarat, India |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs. in Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Tarang R. Kothari and Associates Chartered Accountants |
|
Address : |
A 102, Ratnadeep II, Opposite Prernatirth Derasar, Satellite,
Ahmedabad – 380 015, |
|
PAN.: |
AGHPK4250B |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4300000 |
Equity Shares |
Rs.10/- each |
Rs.43.000 Millions |
|
|
|
|
|
|
500000 |
Preference Share |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.48.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3111429 |
Equity Shares |
Rs.10/- each |
Rs.31.114
Millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4300000 |
Equity Shares |
Rs.10/- each |
Rs.43.000 Millions |
|
|
|
|
|
|
500000 |
Preference Share |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.48.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3040000 |
Equity Shares |
Rs.10/- each |
Rs.30.400
Millions |
|
|
|
|
|
|
500000 |
Preference Share |
Rs.10/- each |
Rs.5.000
Millions |
|
|
|
|
|
|
|
Total |
|
Rs.35.400 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 |
35.400 |
35.400 |
29.000 |
|
|
2] Share Application Money |
20.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
97.580 |
57.217 |
36.197 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
152.980 |
92.617 |
65.197 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
249.591 |
241.714 |
203.008 |
|
|
2] Unsecured Loans |
95.961 |
69.389 |
66.507 |
|
|
TOTAL BORROWING |
345.552 |
311.103 |
269.515 |
|
|
DEFERRED TAX LIABILITIES |
39.520 |
30.825 |
14.358 |
|
|
|
|
|
|
|
|
TOTAL |
538.052 |
434.545 |
349.070 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
406.188 |
386.120 |
166.289 |
|
|
Capital work-in-progress |
0.000 |
1.542 |
81.321 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.026 |
0.026 |
0.026 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
103.337
|
62.286
|
51.114
|
|
|
Sundry Debtors |
170.586
|
128.996
|
113.225
|
|
|
Cash & Bank Balances |
17.198
|
18.851
|
24.769
|
|
|
Other Current Assets |
1.423
|
1.078
|
0.000
|
|
|
Loans & Advances |
44.907
|
40.358
|
45.931
|
|
Total
Current Assets |
337.451
|
251.569 |
235.039 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
170.086
|
188.393
|
119.801
|
|
|
Other Current Liabilities |
7.680
|
6.123
|
4.754
|
|
|
Provisions |
27.847
|
10.196
|
9.050
|
|
Total
Current Liabilities |
205.613
|
204.712 |
133.605 |
|
|
Net Current Assets |
131.838
|
46.857 |
101.434 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
538.052 |
434.545 |
349.070 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
547.767 |
467.744 |
|
|
|
Other Income |
|
19.673 |
8.910 |
|
|
|
TOTAL (A) |
|
567.440 |
476.654 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
|
508.905 |
422.416 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
58.535 |
54.238 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
29.258 |
25.867 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
|
29.277 |
28.371 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
14.090 |
6.452 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
15.187 |
21.919 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
2.772 |
3.072 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
12.415 |
18.847 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
35.762 |
21.708 |
|
|
|
|
|
|
|
|
|
|
DEFERRED
TAX PROVISION |
|
16.468 |
4.266 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
31.182 |
35.762 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
$845217.15 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
$1384807.23 |
NA |
|
|
|
Capital Goods |
|
$1070759.20 |
NA |
|
|
TOTAL IMPORTS |
|
$2455566.43 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
3.51 |
6.50 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
2.19
|
3.95
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
2.77
|
4.68
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
2.38
|
5.46
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.16
|
0.34
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.34
|
2.21
|
2.05
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.64
|
1.23
|
1.76
|
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) 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 |
-- |
|
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 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U25209GJ1999PTC036763 |
|
Name of the company |
PARIKH PACKAGING
PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
Opposite Rotomac
Pens, Sarkhej-Bavla Highway, Village Moraiya, Taluka – Sanand, Ahmedabad –
382 213, Gujarat, India Email: ajay_ajay21@yahoo.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the
charge to be modified |
90104151 |
|
Type of charge |
Movable property
(not being pledge) |
|
Particular of charge holder |
The Karur Vysya
Bank Limited, Sakar – VII, Ground Floor, B Block, Near Nehru Bridge Corner, Ashram
Road, Ahmedabad – 380009, Gujarat, India Email: ahmedabad@kvbmail.com |
|
Nature of instrument creating charge |
Agreement for
Credit Facilities Dt.14.12.2011 - |
|
Date of instrument Creating the charge |
14.12.2011 |
|
Amount secured by the charge |
Rs.506.250
Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest Term Loan- I and Term Loan -II - BR+2.50%= 13.75% p.a (Floating)
(Presently Base Rate is at 11.25%. ROI linked to Base Rate of the Bank. FLC- As per Circulars Buyers Credit- Not exceeding Libor+3.50% Terms of Repayment Term Loan I = Repayable in 60 monthly installments after initial
holiday period of 12 months. Term Loan II = Repayable in 36 Months after Buyers credit period of 36
months. FLC -SIGHT = One time Buyer's Credit = 3 Years Margin Term Loan I= Machinery 25% Building
30% Term Loan II = 25% FLC -SIGHT = 25% Buyer's Credit -3 Years = 25% Extent and Operation of the charge Hypothecation charge on entire P and M existing and to be purchased
from time to time interalia operates as security for the repayment of the
limits/loans aggregating to Rs.506.250 Millions sanctioned to the company.
(OCC/FCTL/SBP/PCL/FBN/P-1000+ILC/FLC/Buyer's
Credit-500+BG-75+CTL-200+TL(M)-1012.50+TL(RE)-200+TL(M)-275+TL(RE)-200+
HPMA-III-75+TLRE-II-25+TL-I (M) Domestic-370+ Others TL- II (M)
Imported-1130 (FLC/Buyers Credit- Sublimit under TL-II Rs.1350.00)
=Rs.506.250 Millions |
|
Short particulars of the property or
asset(s) charged (including complete address and location of the property) |
Hypothecation
charge on current assets including stock of raw material, stock in process, finished
goods, receivables and plant and Machinery existing and to be acquired from
time to time interalia Operates as
security for the repayment of the limits/loans aggregating to Rs.506.250
Millions sanctioned to the company. (OCC/FCTL/SBP/PCL/FBN/P-1000+ILC/FLC/Buyer's
Credit-500+BG-75+CTL-200+TL(M)-1012.50 +TL(RE)-200+TL(M)-275+TL(RE)-200+
HPMA-III-75+TLRE-II-25+TL-I (M) Domestic-370+TL- II (M) Imported-1130
(FLC/Buyers Credit- Sublimit under TL-II Rs.1350.00) = Rs.506.250 Millions) |
|
Date of instrument modifying the charge |
12.08.2011 |
|
Particulars of the present modification |
The Existing
Charge of Rs.356.250 Millions IS Modified to Rs.506.250 Millions Comprising
of OCC/FCTL/SBP/PCL/FBN/P
: Rs.100.000 Millions, ILC/FLC/Buyer's
Credit: Rs. 50.000 Millions Bank Guarantee :
RS.7.500 Millions HPMA-III :
Rs.7.500 Millions TLRE-II :
Rs.2.500 Millions TL(M) :
Rs.101.250 Millions, TLRE Rs.20.000 Millions, TL(M): Rs.27.500 Millions, TLRE
Rs.20.000 Millions CORPORATE LOAN :
Rs.20.000 Millions TL-I (M) (Domesctic)
Rs.37.000 Millions TL -II (M)
(imported) Rs.113.000 Millions (FLC/Buyer's
Credit-(Sub-Limit under TL-II)-Rs.135.000 ) TOTAL LIMIT :
Rs.506.250 Millions |
FIXED ASSETS:
- Plant and
Machinery
- Building
- Furniture and
Fixture
- Electric Installation
- Calculator
- Vehicles
- Lab
Equipments
- Xerox Machine
- Water Cooler
- U.P.S.
- Cylinder
- Fax Machine
- Computer
- Refrigerator
- Camera
- Office
Equipments
- Land
- Electrical
Weigh Scale
- Television
- S.S. Plates
- Rubber Roll
- Inverter
AS PER WEBSITE DETAILS
COMPANY PROFILE
Subject, a venture of Parikh Group has in a short span of 6 years established itself as a one stop solution provider for all flexible packaging needs.
An ISO 9001:2000 company, they have through perseverance and constant
technological upgradation, met the packaging needs of Pharmaceutical, Food,
Non-food and FMCG sector. They provide packaging materials, zip lock pouches,
zipper pouches, standup pouches, laminated standup pouches.
Today, their products cater to clients across the globe with a strong customer
base in India, UK, US, African continent, Middle East and the Far East.
They attribute their success to high levels of professionalism, a dedicated
team, pulse of the domestic and international markets, ultimate customer
satisfaction and most importantly, affordable prices.
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.56.28 |
|
|
1 |
Rs.88.25 |
|
Euro |
1 |
Rs.70.81 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
YES |
|
--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.