|
Report Date : |
02.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
SUPREME MANOR WADA BHIWANDI INFRASTRUCTURE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Supreme House, Pratap Gadh, Plot No. 94/C, Opposite IIT Main Gate,
Powai, Mumbai-400076, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
04.01.2010 |
|
|
|
|
Com. Reg. No.: |
11-198376 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.000
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45202MH2010PTC198376 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS67897E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAOCS3442D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of RMC [Ready Mix Concrete] |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1340000 |
|
|
|
|
Status : |
Project Under Execution |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Supreme Infrastructure India Limited”. It
is a company having moderate track. The company is executing the BOT Project
at Manor Wada Bhiwandi in the State of Maharashtra. There appears huge external borrowings recorded by the company.
Payment terms are unknown. The company can be considered for business dealings with great
caution. |
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 |
ICRA |
|
Rating |
BB [Long Term-Fund Based Limits] |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
May 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.
LOCATIONS
|
Registered Office : |
Supreme House, Pratap Gadh, Plot No. 94/C, Opposite IIT Main Gate,
Powai, Mumbai-400076, Maharashtra, India
|
|
Tel. No.: |
91-22-61289700/25794216 |
|
Fax No.: |
91-22-61289711 |
|
E-Mail : |
|
|
|
|
|
Regional Office : |
901-905, 9th Floor, Millennium Tower, B Wing, Opposite
IFFCO Chowk Metro Station, M.G. Road, Gurgaon-122002, Haryana, India |
|
Tel No.: |
91-124-7189700/4067000 |
|
Fax No.: |
91-124-4221401 |
|
Email: |
|
|
|
|
|
Factory 1 : |
Kalian Padgha Road, Taluka Bhiwandi, District Thane, Maharashtra,
India |
|
|
|
|
Factory 2 : |
SM Shetty School, Hiranandani Complex, Near Lake Castle Building,
Powai, Mumbai, Maharashtra, India |
|
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|
Factory 3 : |
Gaimukh, Opposite ACC RMC Plant, G.B. Road, Thane, Maharashtra, India |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Vikram Bhawanishankar Sharma |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Sharma Cottage, Near Chitrath Studio, Hiranandani Gardens, Powai,
Mumbai-400076, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
08.03.1974 |
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|
Date of Appointment : |
04.01.2010 |
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Din No.: |
01249904 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other Directorship:
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|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
Name : |
Mr. Vikas Bhawanishankar Sharma |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Designation : |
Director |
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|
Address : |
Sharma Cottage, Near Chitrath Studio, Hiranandani Gardens, Powai,
Mumbai-400076, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
16.02.1978 |
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|
Date of Appointment : |
04.01.2010 |
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Din No.: |
01344759 |
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Other Directorship:
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|
Name : |
Mr. Umakant Dinkar Nehete |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Suman Plot No. 2, Gurukul Colony, Near M J College, Jalgaon-425001,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
15.05.1961 |
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|
Date of Appointment : |
04.01.2010 |
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|
Din No.: |
01051783 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Supreme Infrastructure Bot Private Limited, India |
|
49000 |
|
Ram Infrastructure Limited, India |
|
45000 |
|
Tapi Prestressed Product Limited, India |
|
6000 |
|
|
|
|
|
TOTAL
|
|
100000 |
AS ON 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of RMC [Ready Mix Concrete] |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
Union Bank of India (As Security Trustee), Industrial Finance Branch, 66/80,
Mumbai Samachar Marg, Fort, Mumbai-400023, Maharashtra, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Laxmikant Kabra and Company Chartered Accountants |
|
Address : |
1, Matru Chayya, Maharshi Karve Road, Opposite Bedekar Hospital,
Naupada, Thane (West)-400602, Maharashtra, India |
|
PAN No: |
ADOPK3248F |
|
|
|
|
Parent Company : |
Supreme Infrastructure India Limited [L74999MH1983PLC029752] |
|
|
|
|
Holding Company : |
Supreme Infrastructure BOT Private Limited |
|
|
|
|
Fellow Subsidiary : |
·
Supreme Infra Projects Private Limited ·
Supreme Best Value Kolhapur (Shiroli) Sangli
Tollways Private Limited ·
Supreme Ahmednagar Karmala Tembhurani Tollways
Private Limited ·
Supreme Mega Structures Private Limited ·
Supreme Panvel Indapur Tollways Private Limited |
|
|
|
|
Group Companies : |
·
Supreme Suyog Funicular Ropeways Private Limited ·
Sanjose Supreme Tollways Development Private
Limited ·
Supreme Kopargaon Ahmednagar Tollways Private
Limited |
|
|
|
|
Related Parties : |
Supreme Housing and Hospitality 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 |
|
100000 |
Equity Shares |
Rs.10/- each
|
Rs.1.000
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
1.000 |
1.000 |
|
|
2] Share Application Money |
|
335.643 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
(0.219) |
(0.076) |
|
|
NETWORTH |
|
336.424 |
0.924 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
939.977 |
0.000 |
|
|
2] Unsecured Loans |
|
540.000 |
0.000 |
|
|
TOTAL BORROWING |
|
1479.977 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.102 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1816.503 |
0.924 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
1.346 |
0.000 |
|
|
Capital work-in-progress |
|
963.889 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
|
230.317 |
0.974 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
1000.377 |
167.905 |
|
Total
Current Assets |
|
1230.694 |
168.879 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
354.107 |
167.900 |
|
|
Other Current Liabilities |
|
25.319 |
0.005 |
|
|
Provisions |
|
0.000 |
0.050 |
|
Total
Current Liabilities |
|
379.426 |
167.955 |
|
|
Net Current Assets |
|
851.268 |
0.924 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1816.503 |
0.924 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
0.000 |
0.000 |
|
|
|
Other Income |
|
0.000 |
0.000 |
|
|
|
TOTAL |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
NET PROFIT /
(LOSS) |
|
(0.219) |
0.000 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2011 |
31.03.2010 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
5.53 |
181.77 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
3.24 |
1.00 |
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 |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
No |
|
12] |
Profitability for one year |
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 |
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 |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
FINANCIAL RESULTS:
The Company is
executing the BOT Project at Manor Wada Bhiwandi in the State of Maharashtra
and the same is under execution. Hence, there is Nil Income during the year. The
Company incurred net loss of Rs. 0.219 Million during the year.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U45202MH2010PTC198376 |
|
Name of the
company |
SUPREME MANOR
WADA BHIWANDI INFRASTRUCTURE PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Supreme City, Hiranandani Complex, Powai, Mumbai-400076,
Maharashtra, India |
|
Type of charge |
Book Debts Movable Property Floating Charge Uncalled Shares
Capital Immovable
Property Any Interest in
Immovable Property Others |
|
Particular of
charge holder |
Union Bank of India (As Security Trustee), Industrial Finance Branch, 66/80,
Mumbai Samachar Marg, Fort, Mumbai-400023, Maharashtra, India |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
Indenture of
Mortgage dated September 23, 2010 (copy whereof is attached as Annexure A
hereto) executed by the Company in favour of Union Bank of India, acting as
Security Trustee on behalf and for the benefit of the Lenders (specified in
the list of charge holders) for securing the term loans of Rs.3225.000
Millions and all other amounts payable under and in terms of the financing
documents. |
|
Date of
instrument Creating the charge |
23.09.2010 |
|
Amount secured by
the charge |
Rs.3225.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Terms of Repayment The principal
amounts of the Loan to each of the Lenders is to be repaid in 36 (thirty six)
quarterly installments on the last day of each quarter commencing from the
First Repayment Date i.e. June 30, 2013. Margin The ratio of the
Loans to the Equity Contributions towards Project Equity Capital shall not on
any date during the Availability Period be greater than 75:25 (seventy five :
twenty five). Total Debt
Gearing of 3.0 (three point zero) till March 31, 2016 and Total Debt Gearing
of 2.50 (two point five) thereafter. Interest Coverage
Ratio of 1.50 (one point five zero) till March 31, 2016 and Interest Coverage
Ratio of 2.0 (two point zero) thereafter. Extent and Operation of the charge Name of the
Lenders Amount by each
Lender Union Bank of
India .................. Rs.600.000 Millions Allahabad Bank
........................ Rs.400.000 Millions Bank of India
............................ Rs.550.000 Millions Indian Overseas
Bank ............. Rs.175.000 Millions L and T
Infrastructure Fin. Co. Limited……… Rs.550.000 Millions Oriental Bank of
Commerce .... Rs.400.000 Millions State Bank of
India .................. Rs.200.000 Millions State Bank of
Patiala ............... Rs.350.000 Millions Others The charge
operates as a continuing security for the due repayment by the Company of the
Loans together with payment of all interest, additional interest, liquidated
damages, premium on prepayment, upfront fee and commitment fees,
reimbursement of all costs, charges and expenses etc. payable by the Company
in respect of the Term Loans in accordance with the terms and conditions of the
Common Loan Agreement. |
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 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.53.77 |
|
|
1 |
Rs.86.77 |
|
Euro |
1 |
Rs.69.71 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
26 |
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.