MIRA
INFORM REPORT
|
Report Date : |
02.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
NIPRA PACKAGING PRIVATE LIMITED (w.e.f. 16.02.2011) |
|
|
|
|
Formerly Known
As : |
NIPRA DEVELOPERS PRIVATE LIMITED (w.e.f. 14.08.2008) NIPRA DRUMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
D-701, Shri Marigold, Gundecha Valley of Flowers, Thakur
Village, Kandivali (East), Mumbai – 400101, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
19.04.1985 |
|
|
|
|
Com. Reg. No.: |
55-035974 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28129MH1985PTC035974 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMN19015D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Barrels, Mild Steel Barrels, Plastic Drums, Screw
Barrel and Storage Barrels. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (22) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively small company in its field. The turnover of the
company appears to be very minimal. However, networth of the company is
sufficient to maintain fair trade relations. Business is active. Payments are
reported to be slow. The company can be considered for business dealings on a secured 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including industrial
deregulation, privatization of state-owned enterprises, and reduced controls on
foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of persistently
high inflation and interest rates and little progress on economic reforms. High
international crude prices have exacerbated the government's fuel subsidy
expenditures contributing to a higher fiscal deficit, and a worsening current
account deficit. Little economic reform took place in 2011 largely due to
corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
LONG TERM RATING : CRISIL B |
|
Rating Explanation |
High risk of default |
|
Date |
04.05.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
SHORT TERM RATING : CRISIL A4 |
|
Rating Explanation |
Minimal degree of safety it carry very high credit risk |
|
Date |
04.05.2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED BY
|
Name : |
Mr. Nihar Jain |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-65345810 |
|
Date : |
31.10.2012 |
LOCATIONS
|
Registered Office : |
D-701, Shri Marigold, Gundecha Valley of Flowers, Thakur
Village, Kandivali (East), Mumbai – 400101, Maharashtra, India |
|
Tel. No.: |
91-22-65345810 |
|
Fax No.: |
91-22-28611123 |
|
E-Mail : |
|
|
|
|
|
Correspondence Office : |
6, Meera Upvan, Near National Park Bridge, Main Carter Road, Borivali (East), Mumbai - 400066, Maharashtra, India |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Nirmal Gigalal Jain |
|
Designation : |
Director |
|
Address : |
162, A Wing, Park Plaza, Opposite Fisheries Institute, New Yari Road, Mumbai – 400058, Maharashtra, India |
|
Date of Birth/Age : |
09.04.1956 |
|
Date of Appointment : |
09.08.2011 |
|
DIN No.: |
00060311 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U45200MH1984PTC033894 |
SILVASSA
ESTATES PRIVATE LIMITED |
Director |
30/08/1984 |
30/08/1984 |
- |
Active |
NO |
|
2 |
U15200MH1986PTC041780 |
VANDHARA
RESORTS PRIVATE LIMITED |
Managing
director |
03/12/1986 |
03/12/1986 |
- |
Active |
NO |
|
3 |
U24100MH1980PTC022105 |
MEXIN
MEDICAMENTS PRIVATE LIMITED |
Director |
28/05/1991 |
28/05/1991 |
- |
Active |
NO |
|
4 |
U17110MH1988PTC048164 |
SHREE
SAILONE SYNTHETICS PRIVATE LIMITED |
Director |
09/03/1993 |
09/03/1993 |
- |
Active |
NO |
|
5 |
U28129MH1985PTC035974 |
NIPRA
PACKAGING PRIVATE LIMITED |
Director |
09/08/2011 |
01/06/1993 |
- |
Active |
NO |
|
6 |
U45200MH1982PTC027623 |
SEA
MIST PROPERTIES PVT LTD |
Director |
26/04/1996 |
26/04/1996 |
- |
Active |
NO |
|
7 |
U36900DN1999PTC000142 |
NIPRA
INDUSTRIES PRIVATE LIMITED |
Director |
01/11/2009 |
01/05/2002 |
30/11/2011 |
Active |
NO |
|
8 |
U55200MH1992NPL065428 |
HOTEL
ASSOCIATION OF DADRA AND NAGAR HAVELI DAMAN AND DIU |
Director |
15/10/2003 |
15/10/2003 |
- |
Active |
NO |
|
9 |
U18101RJ2005PTC021376 |
SUN
MOON GARMENTS PRIVATE LIMITED |
Director |
29/09/2012 |
14/11/2011 |
- |
Active |
NO |
|
10 |
U70103RJ1995PTC009629 |
WELPLAN
INFRASTRUCTURES PRIVATE LIMITED |
Director |
29/09/2012 |
14/11/2011 |
- |
Active |
NO |
|
11 |
U15319RJ2009PTC029228 |
ACME
CARE INTERNATIONAL PRIVATE LIMITED |
Director |
29/09/2012 |
14/11/2011 |
- |
Active |
NO |
|
Name : |
Mr. Rajesh Umraomal Jain |
|
Designation : |
Director |
|
Address : |
701, Mari Gold D, Valley of Flowers, Thakur Village,
Kandivali (East), Mumbai – 400101, Maharashtra, India |
|
Date of Birth/Age : |
01.07.1964 |
|
Date of Appointment : |
24.01.2011 |
|
DIN No.: |
02199966 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24120MH1982PTC026894 |
ELLORA
ORGANIC INDUSTRIES PRIVATE LIMITED |
Additional
director |
14/01/2008 |
14/01/2008 |
- |
Active |
NO |
|
2 |
U85100MH2007PTC170959 |
IPCA
TRADITIONAL REMEDIES PRIVATE LIMITED |
Additional
director |
02/03/2009 |
02/03/2009 |
30/04/2009 |
Active |
NO |
|
3 |
U51909WB2004PTC100423 |
SHREYA
TIE UP PRIVATE LIMITED |
Director |
15/08/2009 |
15/08/2009 |
- |
Amalgamated |
NO |
|
4 |
U28129MH1985PTC035974 |
NIPRA
PACKAGING PRIVATE LIMITED |
Director |
24/01/2011 |
24/01/2011 |
- |
Active |
NO |
|
5 |
U24110MH1988PTC049483 |
PASCHIM
CHEMICALS PRIVATE LIMITED |
Director |
17/06/2011 |
22/05/2011 |
- |
Active |
NO |
|
6 |
U15511GA2009PTC006160 |
FORTUNE
DISTILLERS AND VINTNERS PRIVATE LIMITED |
Additional
director |
01/11/2011 |
01/11/2011 |
- |
Active |
NO |
|
Name : |
Mr. Ritesh Umraomal Jain |
|
Designation : |
Director |
|
Address : |
A 1-15, Basera Housing Complex, Amli, Silvassa – 396230, Dadra and
Nagar Haveli, India |
|
Date of Birth/Age : |
01.06.1974 |
|
Date of Appointment : |
17.03.2011 |
|
DIN No.: |
03450443 |
KEY EXECUTIVES
|
Name : |
Mr. Nihar Jain |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Nirmal Gigalal Jain |
|
40 |
|
Kalpana Nirmal Jain |
|
1450 |
|
Nirmal Gigalal Jain Joint with Kalpana Nirmal Jain |
|
400 |
|
Prakash Jain |
|
10 |
|
Umraomal Jain |
|
650 |
|
Dharamchand Jain |
|
350 |
|
Sushila Jain |
|
740 |
|
Chanda Godha |
|
560 |
|
Lalita Jain |
|
640 |
|
Anjali Jain |
|
160 |
|
Total |
|
5000 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Barrels, Mild Steel Barrels, Plastic Drums, Screw
Barrel and Storage Barrels. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
State Bank of India, Industrial Finance Branch, S.V. Road, Malad West,
Mumbai - 400064, Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Natvarlal Vepari and Company Chartered Accountants |
|
Address : |
Oricon House, 4th Floor, 12, K, Dubhash Marg, Mumbai – 400023,
Maharashtra, India |
|
Tel. No.: |
91-22-67527100 |
|
Fax No.: |
91-22-67527101 |
|
E-Mail : |
|
|
PAN No.: |
AAASN2322C |
|
|
|
|
Related Parties: |
·
Kaygee
Investment Private Limited ·
Silvassa
Estates Private Limited ·
SeaMist
Properties Private Limited ·
Madhuban
Drums and Barrels ·
Vandhara
Resorts Private Limited ·
Mexin
Medicaments Private Limited ·
Shree
Sailone Synthetics Private Limited ·
Trimurti
Developers ·
Orbit
Packaging Private Limited |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000 |
Equity Shares |
Rs.100/- each |
Rs.0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000 |
Equity Shares |
Rs.100/- each |
Rs.0.500 Million |
|
|
|
|
|
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 |
0.500 |
0.500 |
0.500 |
|
|
2] Share Application Money |
4.300 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2.407 |
2.320 |
2.242 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
7.207 |
2.820 |
2.742 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
3.028 |
0.000 |
0.231 |
|
|
TOTAL BORROWING |
3.028 |
0.000 |
0.231 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
10.235 |
2.820 |
2.973 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.942 |
1.012 |
0.993 |
|
|
Capital work-in-progress |
4.288 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.205 |
1.205 |
1.205 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000
|
0.000 |
|
|
Sundry Debtors |
0.000
|
0.000
|
0.000 |
|
|
Cash & Bank Balances |
3.218
|
0.101 |
0.116 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.731
|
0.740 |
0.809 |
|
Total
Current Assets |
3.949
|
0.841 |
0.925 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.039
|
0.057 |
0.058 |
|
|
Other Current Liabilities |
0.040
|
0.130 |
0.040 |
|
|
Provisions |
0.070
|
0.051 |
0.052 |
|
Total
Current Liabilities |
0.149
|
0.238 |
0.150 |
|
|
Net Current Assets |
3.800
|
0.603 |
0.775 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
10.235 |
2.820 |
2.973 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
0.228 |
0.228 |
0.232 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
0.099 |
0.111 |
0.142 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.129 |
0.117 |
0.090 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.041 |
0.039 |
0.038 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.088 |
0.078 |
0.052 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2.093 |
2.015 |
1.963 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
2.181 |
2.093 |
2.015 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
17.54 |
15.56 |
10.45 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
38.60
|
34.21 |
22.41 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.64
|
6.31 |
4.69 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.04 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.44
|
0.08 |
0.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
26.50
|
3.53 |
6.17 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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 |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
NOTE:
The registered office address of the company has been shifted from “1
Veer Bhavan, 10th Road, JVPD Scheme, Juhu, Mumbai – 400049, Maharashtra, India”
to the present address w.e.f. 17.03.2011.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U28129MH1985PTC035974 |
|
Name of the company |
NIPRA PACKAGING PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
D-701, Shri Marigold, Gundecha Valley of Flowers, Thakur Village, Kandivali (East), Mumbai – 400101, Maharashtra, India E-Mail Id : rajesh.godha@yahoo.co.in |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10311160 |
|
Type of charge |
Immovable property |
|
Particular of charge holder |
State Bank of India, Industrial Finance Branch, S.V. Road, Malad West, Mumbai - 400064, Maharashtra, India E-Mail Id : sbi.04760@sbi.co.in |
|
Nature of instrument creating charge |
No instrument was executed. Charge created by way of equitable mortgage by deposit of title deeds. |
|
Date of instrument Creating the charge |
28/09/2011 |
|
Amount secured by the charge |
Rs.106.000 Millions |
|
Brief of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Not Applicable Terms of Repayment Not Applicable Margin Not Applicable Extent and Operation of the charge Security to cover the principal amount plus interest, fees, commission, charges, costs and expenses including legal costs. |
|
Short particulars of the property or asset(s) charged (including complete address and location of the property) |
All present and future stocks, raw materials, semi finished goods, finished goods, packaging materials, goods, book debts, fixed assets acquired out of bank's finance, vehicles and all other movable including receivables, documents of title to goods, outstanding monies, bills, invoices documents, contracts, insurance policies guarantees, engagements, securities, investments and rights and all the present machinery and future machinery belonging to or in the possession or control of the Company wherever ying, stored and kept and whether in possession of the Company or of the Bank or of any third party whether in India or elsewhere including all such goods, vehicles, other movable assets as may be in the course of shipment, transit or delivery and all the machinery, vehicles, and other equipment items of whatever nature acquired by the Company. |
|
Particulars of the present modification |
Additional security provided of 1/ Indl gala nos.1,2,3,4,5,6,7,8,9,10,1A, 2A each admg. 1952 sq. ft. & 2/ FSI of development rights of Galas admg. 12400 sq. ft. out of all that piece of the N.A. land bearing Sy. No. 116/1/1/2/3 admg. about 8661 sq. mtrs. all situated at Village Rudhana, Silvassa 3/ N.A. land bearing plot no.59 & 58 each admg. 0 Hector, 3 Acre, equiv. to 300 sq. mtrs. at Vrindavan Soc. Silvassa |
FIXED ASSETS:
·
Land
·
Factory Building
·
Office Premises
·
Television
·
Refrigerator
·
Electronic Weighing Scale
·
Diesel Generator Set
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 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 exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.78 |
|
|
1 |
Rs.86.77 |
|
Euro |
1 |
Rs.69.71 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
22 |
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.