1. Summary Information
|
|
|
Country |
|
|
Company Name |
Apolo Extrusions Limited |
Principal Name 1 |
Mr. Ravindra Kumar Grover |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Udayan Grover |
|
|
|
Registration # |
-- |
|
Street Address |
6, Hindustan
Kohinoor Industrial Complex, LBS Marg, Vikhroli (West), Mumbai – 400083,
Maharashtra, India |
||
|
Established Date |
23.04.2008 |
SIC Code |
-- |
|
Telephone# |
91-22-25787791 |
Business Style 1 |
Exporter |
|
Fax # |
91-22-25787793 |
Business Style 2 |
Trader |
|
Homepage |
-- |
Product Name 1 |
Ferro Manganse |
|
# of employees |
-- |
Product Name 2 |
Ferro Manganse Medium Caarbon |
|
Paid up capital |
Rs.4,400,000 |
Product Name 3 |
Ferro Manganse Low Carbon |
|
Shareholders |
Ravnar Alloys Private Limited - 390000 |
Banking |
Bank of Baroda |
|
Public Limited Corp. |
-- |
Business Period |
04 years |
|
IPO |
--- |
International Ins. |
- |
|
Public |
--- |
Rating |
Ba
(42) |
|
Related
Company |
|||
|
Relation
Holding Company |
Country
India |
Company
Name |
Ravnar Alloys Private Limited |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
114,362,000 |
Current Liabilities |
2,093,000 |
|
Inventories |
80,776,000 |
Long-term Liabilities |
166,013,000
|
|
Fixed Assets |
27,441,000 |
Other Liabilities |
10,000 |
|
Deferred Assets |
48,940,000 |
Total Liabilities |
168,116,000 |
|
Invest& other Assets |
-- |
Retained Earnings |
99,003,000 |
|
|
|
Net Worth |
103,403,000 |
|
Total Assets |
271,519,000 |
Total Liab. & Equity |
271,519,000 |
|
Total Assets (Previous Year) |
214,282,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
214,433,000 |
Net Profit |
1,121,000 |
|
Sales(Previous yr) |
179,150,000 |
Net Profit(Prev.yr) |
1,882,000 |
|
Report Date : |
29.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
Apolo Extrusions Limited |
|
|
|
|
Registered
Office : |
6, Hindustan Kohinoor Industrial Complex, LBS Marg, Vikhroli (West),
Mumbai – 400083, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
23.04.2008 |
|
|
|
|
Com. Reg. No.: |
181451 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4.400 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27320MH2008PLC181451 |
|
|
|
|
Legal Form : |
A closely held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Exporter, Trader, Supplier and Manufacturer of Ferro
Manganse, Ferro Manganse Medium Caarbon, Ferro Manganse Low Carbon, Ferro Manganse
High Carbon. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 413612 |
|
|
|
|
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 as
fair. Business is active. Payments are reported to be usually correct and as
per commitments. The company can be considered normal for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 : |
6, Hindustan Kohinoor Industrial Complex, LBS Marg, Vikhroli (West), Mumbai
– 400083, Maharashtra, India |
|
Tel. No.: |
91-22-25787791 |
|
Fax No.: |
91-22-25787793 |
|
E-Mail : |
|
|
|
|
|
Factory: |
C-54 Udyog Kunj Panki Site V, Kanpur – 208022, Uttar Pradesh, India |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Udayan Grover |
|
Designation : |
Director |
|
Address : |
Flat No.202, Panchmahal, Panch Sristhi Complex, Near S M Shetty School,
Hiranandani, Powai, Mumbai – 400072, Maharashtra, India |
|
Date of Birth/Age : |
09.05.1977 |
|
Date of Appointment : |
23.04.2008 |
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 |
U27100MH2004PLC146549 |
GROVER METALLOYS LIMITED |
Director |
26/05/2004 |
26/05/2004 |
- |
Active |
NO |
|
2 |
U27320MH2008PLC181451 |
Apolo Extrusions Limited |
Director |
23/04/2008 |
23/04/2008 |
- |
Active |
NO |
|
3 |
U27100MH2010PTC203080 |
RAVNAR ALLOYS PRIVATE
LIMITED |
Director |
12/05/2010 |
12/05/2010 |
- |
Active |
NO |
|
4 |
U45202MH1994PTC083347 |
INCREDIBLE PROPERTIES
PRIVATE LIMITED |
Director |
21/07/2010 |
21/07/2010 |
- |
Active |
NO |
|
Name : |
Mr. Ravindra Kumar Grover |
|
Designation : |
Director |
|
Address : |
Flat No.602, Panchmahal, Panch Sristhi Complex, Near S M Shetty
School, Hiranandani, Powai, Mumbai – 400072, Maharashtra, India |
|
Date of Birth/Age : |
20.02.1962 |
|
Date of Appointment : |
23.04.2008 |
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 |
U27100MH2004PLC146549 |
GROVER METALLOYS LIMITED |
Director |
26/05/2004 |
26/05/2004 |
- |
Active |
NO |
|
2 |
U27320MH2008PLC181451 |
Apolo Extrusions Limited |
Director |
23/04/2008 |
23/04/2008 |
- |
Active |
NO |
|
3 |
U27100MH2010PTC203080 |
RAVNAR ALLOYS PRIVATE
LIMITED |
Director |
12/05/2010 |
12/05/2010 |
- |
Active |
NO |
|
4 |
U45202MH1994PTC083347 |
INCREDIBLE PROPERTIES
PRIVATE LIMITED |
Director |
21/07/2010 |
21/07/2010 |
- |
Active |
NO |
|
5 |
U45400MH2011PTC220966 |
BG INFRASHELTERS PRIVATE
LIMITED |
Director |
16/08/2011 |
16/08/2011 |
- |
Active |
NO |
|
Name : |
Ms. Ruchi Udayan Grover |
|
Designation : |
Director |
|
Address : |
126/G/72, Govind Nagar, Kanpur – 208006, Uttar Pradesh, India |
|
Date of Birth/Age : |
25.05.1981 |
|
Date of Appointment : |
23.04.2008 |
|
Date of Ceasing: |
01.04.2011 |
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 |
U27100MH2004PLC146549 |
GROVER METALLOYS LIMITED |
Director |
30/09/2008 |
23/03/2008 |
- |
Active |
NO |
|
2 |
U27320MH2008PLC181451 |
Apolo Extrusions Limited |
Director |
23/04/2008 |
23/04/2008 |
01/04/2011 |
Active |
NO |
|
Name : |
Ms. Anupama Ravindra Grover |
|
Designation : |
Director |
|
Address : |
126/G/72, Govind Nagar, Kanpur – 208006, Uttar Pradesh, India |
|
Date of Birth/Age : |
09.11.1966 |
|
Date of Appointment : |
23.04.2008 |
|
Date of Ceasing: |
01.01.2011 |
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 |
U27100MH2004PLC146549 |
GROVER METALLOYS LIMITED |
Director |
30/09/2008 |
23/03/2008 |
- |
Active |
NO |
|
2 |
U27320MH2008PLC181451 |
Apolo Extrusions Limited |
Director |
23/04/2008 |
23/04/2008 |
01/01/2011 |
Active |
NO |
|
Name : |
Mr. Apoorva Ravindra Grover |
|
Designation : |
Director |
|
Address : |
Flat No.602, Panchmahal, Panch Sristhi Complex, Near S M Shetty
School, Hiranandani, Powai, Mumbai – 400072, Maharashtra, India |
|
Date of Birth/Age : |
23.06.1989 |
|
Date of Appointment : |
01.01.2011 |
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 |
U27320MH2008PLC181451 |
Apolo Extrusions Limited |
Director |
01/01/2011 |
01/01/2011 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Ravindra Kumar Grover |
|
22500 |
|
Udayan Grover |
|
22500 |
|
Lilavati Grover |
|
1000 |
|
Anupama Grover |
|
1000 |
|
Nidhi Grover |
|
1000 |
|
Richi Grover |
|
1000 |
|
Apoorva Grover |
|
1000 |
|
Ravnar Alloys Private Limited, India |
|
390000 |
|
Total |
|
440000 |
AS ON 30.09.2011
|
Category |
Percentage |
|
Bodies corporate |
89.00 |
|
Directors or relatives of Directors |
11.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Exporter, Trader, Supplier and Manufacturer of Ferro Manganse,
Ferro Manganse Medium Caarbon, Ferro Manganse Low Carbon, Ferro Manganse High
Carbon. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Bank of Baroda, Fazal Ganj Branch, Kanpur -
208012, Uttar Pradesh, India ·
State Bank of India, Smeccc, Zonal Office, Kanpur
- 208001, Uttar Pradesh, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jain Ashwani and Company Chartered Accountant |
|
Address : |
45, Chaman Lal Market, Gumit No. 5, Kanpur – 208012, Uttar Pradesh,
India |
|
|
|
|
Holding Company: |
Ravnar Alloys Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
440000 |
Equity Shares |
Rs.10/- each |
Rs.4.400
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 |
4.400 |
4.400 |
4.400 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
99.003 |
97.882 |
96.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
103.403 |
102.282 |
100.400 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
71.779 |
66.365 |
10.750 |
|
|
2] Unsecured Loans |
94.234 |
38.195 |
0.000 |
|
|
TOTAL BORROWING |
166.013 |
104.560 |
10.750 |
|
|
DEFERRED TAX LIABILITIES |
0.010 |
0.007 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
269.426 |
206.849 |
111.150 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
27.441 |
23.027 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
48.879 |
44.653 |
40.811 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
80.776
|
59.408 |
15.641 |
|
|
Sundry Debtors |
60.326
|
56.971 |
47.021 |
|
|
Cash & Bank Balances |
18.532
|
0.414 |
4.544 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
35.504
|
29.718 |
6.419 |
|
Total
Current Assets |
195.138
|
146.511 |
73.625 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.339
|
1.463 |
0.190 |
|
|
Other Current Liabilities |
0.000
|
3.939 |
0.000 |
|
|
Provisions |
1.754
|
2.031 |
3.219 |
|
Total
Current Liabilities |
2.093
|
7.433 |
3.409 |
|
|
Net Current Assets |
193.045
|
139.078 |
70.216 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.061 |
0.091 |
0.123 |
|
|
|
|
|
|
|
|
TOTAL |
269.426 |
206.849 |
111.150 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
214.433 |
179.150 |
56.180 |
|
|
|
Other Income |
6.990 |
4.331 |
1.021 |
|
|
|
TOTAL (A) |
221.423 |
183.481 |
57.201 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
176.283 |
149.929 |
43.970 |
|
|
|
Manufacturing Expenses |
21.829 |
15.613 |
7.556 |
|
|
|
General and Administrative Expenses |
8.423 |
7.693 |
1.997 |
|
|
|
TOTAL (B) |
206.535 |
173.235 |
53.523 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
14.888 |
10.246 |
3.678 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
13.174 |
7.474 |
0.007 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.714 |
2.772 |
3.671 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.091 |
0.048 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.623 |
2.724 |
3.671 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
0.502 |
0.842 |
1.271 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
1.121 |
1.882 |
2.400 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4.282 |
2.400 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
5.403 |
4.282 |
2.400 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.55 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.51
|
1.03 |
4.20 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.76
|
1.52 |
6.53 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.73
|
1.61 |
4.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.03 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.63
|
1.09 |
0.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
93.23
|
19.71 |
21.60 |
LOCAL AGENCY FURTHER INFORMATION
|
Check
List by Info Agents |
Available
in Report (Yes / No) |
|
1)
Year of Establishment |
Yes |
|
2)
Locality of the firm |
Yes |
|
3)
Constitutions of the firm |
Yes |
|
4)
Premises details |
No |
|
5)
Type of Business |
Yes |
|
6)
Line of Business |
Yes |
|
7)
Promoter's background |
Yes |
|
8)
No. of employees |
No |
|
9)
Name of person contacted |
No |
|
10)
Designation of contact person |
No |
|
11)
Turnover of firm for last three years |
Yes |
|
12)
Profitability for last three years |
Yes |
|
13)
Reasons for variation <> 20% |
-- |
|
14)
Estimation for coming financial year |
No |
|
15)
Capital in the business |
Yes |
|
16)
Details of sister concerns |
Yes |
|
17)
Major suppliers |
No |
|
18)
Major customers |
No |
|
19)
Payments terms |
No |
|
20)
Export / Import details (if applicable) |
-- |
|
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 |
REVIEW OF OPERATIONS
The
Company has posted record results during the year with total sales revenues and
other income of Rs. 221.423 Millions, up from Rs. 183.481 Millions.
Profit
before tax is lower at Rs. 1.622 Millions from Rs. 2.723 Millions during the
previous year. Similarly, Profit after tax is lower at Rs. 1.121 Millions than
during the previous year figure of Rs. 1.882 Millions.
FORM 8:
|
Corporate identity number of the company |
U27320MH2008PLC181451 |
|
Name of the company |
APOLO EXTRUSIONS LIMITED |
|
Address of the registered office or of the
principal place of business in |
6, Hindustan Kohinoor Ind. Complex Lbs
Marg, Vikhroli West, Mumbai – 400083, Maharashtra, India |
|
This form is for |
Creation of charge Modification of charge |
|
Type of charge |
Book Debts Immovable Property Movable Property Floating Charge |
|
Particular of charge holder |
BANK OF BARODA |
|
Nature of instrument creating charge |
1. Composite Hypothecation Agreement (LDOC
17B) 2. Memorandum of Entry for creation of
Mortgage (LDOC 90F) 3. D.P.Note (2 Nos.) 4. Letter of Instalment with Acceleration |
|
Date of instrument Creating the charge |
31.03.2012 |
|
Amount secured by the charge |
Rs.88.500 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest Cash Credit and Term Loan -@ 3.50% above Base Rate at
present 14.25% p.a. with monthly rests or at such other rates as may be
notified by the Bank to the Borrower from time to time. Terms of Repayment (i) Working Capital - Repayable on demand. (ii) Term Loan of Rs.1.000 Million shall
be repayable in 16 monthly instalments of Rs.62500.00 each commencing from
30.06.2012. Interest will be serviced as and when applied. Margin 25% on Stocks 40% on Book Debts 25% on LC(I/F) Cash Margin 50% on Term Loan Extent and Operation of the charge The Company's movable and immovable
properties as mentioned hereunder (As per Column No.15) are hypothecated and
mortgaged to secure following credit facilities agg.to Rs.88.500 Millions
granted by the Bank to the Borrower:- 1. Cash Credit Rs.60.000 Millions 2. Letter of Credit(I/F) Rs.27.500
Millions 3. Term Loan Rs. 1.000 Millions TOTAL Rs.88.500 Millions |
|
Short particulars of the property charged |
Hypothecation of all the Borrower's stocks
of raw materials, WIP, semi finished goods, finished goods, packing
materials, stores etc. lying at the Borrower's godowns at Kanpur or wherever
else or in transit. Hypothecation of all the Borrower's present and future
book debts, outstanding moneys, receivables, claims, bills, contracts,
engagements and securities. Hypothecation of all tangible movable machinery
and plant of the Borrower together with spares, tools, accessories and other
movable assets lying at the Borrower's godowns at Kanpur or wherever else or
in transit. Equitable mortgage by
deposit of title deeds of immovable properties situated at Plot No.
A-10,UPSIDC Industrial Area, Panki Site-5, Kanpur admeasuring area 7058.89
Square Meters. |
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.55.26 |
|
|
1 |
Rs.86.80 |
|
Euro |
1 |
Rs.69.63 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
42 |
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.