|
Report Date : |
10.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
VANYA STEELS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-9/2, MIDC
Taloja Industrial Estate, Taloja, District Raigad, Raigad – 410 208, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
20.06.2005 |
|
|
|
|
Com. Reg. No.: |
11-154080 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.44.039
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100MH2005PTC154080 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMV12796A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of manufacturing of
Sponge Iron. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 832000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. It has
incurred loss from its operations during 2011. There appears huge external borrowings recorded by the company. Cash
balances appears to be low. However, trade relations are reported as fair. Business is active.
Payments are reported to be slow. The company can be considered for business dealings with some
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) |
|
|
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
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
D (Default) |
|
Rating Explanation |
Non Structured Instruments. |
|
Date |
October 2011 – March 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 : |
A-9/2, MIDC
Taloja Industrial Estate, Taloja, District Raigad, Raigad – 410 208, |
|
Tel. No.: |
91-22-27410388 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Administrative Office/ Corporate Office : |
LG-11B, |
|
Tel. No.: |
91-731-2520530 |
|
Fax No.: |
91-731-4017493 |
|
|
|
|
Factory : |
Village Hirebangnal, |
|
Tel. No.: |
91-8539-264110/ 264111 |
|
|
|
|
Branch Office : |
# Door No.10, |
|
Tel. No.: |
91-8394-224565 |
|
Fax No.: |
91-8394-224565 |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Mudit Rajendra Prasad Goel |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
27, Old Vijay Nagar Colony, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.11.1972 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
20.06.2005 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00376769 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Bhavna Mudit Goel |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
H.No.27-B, Old Vijay Nagar Colony, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.01.1975 |
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|
Date of Appointment : |
30.06.2005 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00376727 |
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|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Vishwanath Khandelwal |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
201, Lucky Plaza, 8, Indrapuri Colony, |
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|
Date of Birth/Age : |
01.11.1956 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
20.06.2005 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00364359 |
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Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Mudit Goel |
|
1784885 |
|
Ajay Krishna Goyal |
|
66667 |
|
Pawan Gupta |
|
1 |
|
Charu Goyal |
|
463333 |
|
Bhavna Goel |
|
142500 |
|
SMT International Private Limited, India |
|
21666 |
|
Bhavna Goel |
|
898500 |
|
Aditi Shahra |
|
228500 |
|
SD Collections Private Limited, India |
|
200166 |
|
SDM Marketing Private Limited, India |
|
199500 |
|
Santosh Shahra HUF |
|
196000 |
|
Vishesh Shahra |
|
233334 |
|
Ushadevi Shahra |
|
220000 |
|
Rajendra Prasad Agarwal |
|
60000 |
|
Total |
|
4715052 |
As on 25.09.2012
|
Names of Allottee |
|
No. of Shares |
|
Mudit Goel |
|
79574 |
|
Total |
|
79574 |
As on 13.03.2012
|
Names of Allottee |
|
No. of Shares |
|
Mudit Goel |
|
622682 |
|
Total |
|
622682 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
8.93 |
|
Directors or relatives of Directors |
86.91 |
|
Other top fifty shareholders |
4.16 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturing of
Sponge Iron. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
31.03.2011 |
|
Sponge Iron |
|
|
Installed Capacity |
60000 MT |
|
Actual Production |
22142 MT |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
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|
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Bankers : |
·
State Bank of Patiala, Mid Corporate Branch,
Orbit Mall, A.B. Road, Indore - 452 001, Madhya Pradesh, India ·
ICICI Bank Limited, Landmark Race Cource Circle,
Alkapuri, Baroda – 390 015, Gujarat, India ·
State Bank of Patiala, 20, Usha Nagar Extension, Ranjeet
Hanuman Mandir Road, Near Mhow Naka,, Indore – 452 009, Madhya Pradesh, India |
||||||||||||||||||||||||||||||
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|
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Gandhi Dhakad Gupta and Company Chartered Accountants |
|
Address : |
508, Chetak Centre, 12/2, R.N.T. Marg, Indore – 452 001, Madhya Pradesh,
India |
|
Tel. No.: |
91-731-2518518/ 3043518 |
|
Fax No.: |
91-731-3043518 |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFG3700E |
CAPITAL STRUCTURE
After 30.09.2011
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
5500000 |
Equity Shares |
Rs.10/- each |
Rs.55.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
5417308 |
Equity Shares |
Rs.10/- each |
Rs.54.173
millions |
|
|
|
|
|
As on 30.09.2011
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
4715052 |
Equity Shares |
Rs.10/- each |
Rs.47.151
millions |
|
|
|
|
|
As on 31.03.2011
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
4403898 |
Equity Shares |
Rs.10/- each |
Rs.44.039
millions |
|
|
|
|
|
Out of these 553119 Equity
shares issued during the year at premium of Rs.40/- each.
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 |
44.039 |
38.508 |
30.486 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
163.925 |
149.959 |
116.694 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
207.964 |
188.467 |
147.180 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
174.849 |
175.637 |
122.477 |
|
|
2] Unsecured Loans |
0.000 |
9.500 |
2.000 |
|
|
TOTAL BORROWING |
174.849 |
185.137 |
124.477 |
|
|
DEFERRED TAX LIABILITIES |
15.114 |
17.888 |
15.875 |
|
|
|
|
|
|
|
|
TOTAL |
397.927 |
391.492 |
287.532 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
291.958 |
151.416 |
160.554 |
|
|
Capital work-in-progress |
0.000 |
126.326 |
47.668 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
200.735
|
120.042 |
85.351 |
|
|
Sundry Debtors |
18.193
|
40.348 |
30.790 |
|
|
Cash & Bank Balances |
2.308
|
2.225 |
4.981 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
7.356
|
7.128 |
15.087 |
|
Total
Current Assets |
228.592
|
169.743 |
136.209 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
56.556
|
35.392 |
44.443 |
|
|
Other Current Liabilities |
66.067
|
20.171 |
9.281 |
|
|
Provisions |
0.000
|
0.466 |
3.247 |
|
Total
Current Liabilities |
122.623
|
56.029 |
56.971 |
|
|
Net Current Assets |
105.969
|
113.714 |
79.238 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.036 |
0.072 |
|
|
|
|
|
|
|
|
TOTAL |
397.927 |
391.492 |
287.532 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
323.515 |
309.042 |
925.356 |
|
|
|
Other Income |
0.743 |
3.038 |
0.312 |
|
|
|
TOTAL (A) |
324.258 |
312.080 |
925.668 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Increase/ Decrease in Finished Goods Stock |
(6.592) |
4.852 |
(10.905) |
|
|
|
Cost of Material |
255.875 |
254.042 |
851.585 |
|
|
|
Manufacturing & Trading
Expenses |
36.277 |
21.406 |
24.164 |
|
|
|
Administrative & Other
Expenses |
5.970 |
2.973 |
5.020 |
|
|
|
Employees' Remuneration &
Benefits |
5.055 |
3.452 |
4.394 |
|
|
|
Selling & Distribution
Expenses |
2.349 |
2.144 |
7.666 |
|
|
|
Preliminary Expenses written off |
0.036 |
0.036 |
0.036 |
|
|
|
TOTAL (B) |
298.970 |
288.905 |
881.960 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
25.288 |
23.175 |
43.708 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST &
FINANCE CHARGES (D) |
23.736 |
10.572 |
14.212 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.552 |
12.603 |
29.496 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
12.421 |
9.175 |
9.112 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(10.869) |
3.428 |
20.384 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(2.711) |
2.249 |
6.371 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(8.158) |
1.179 |
14.013 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
49.463 |
48.284 |
34.271 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
41.305 |
49.463 |
48.284 |
|
|
|
|
|
|
|
|
|
|
IMPORT VALUE |
0.000 |
USD
1408000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(2.05) |
0.37 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(2.52)
|
0.38 |
1.51 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(3.36)
|
1.11 |
2.20 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.09)
|
1.07 |
6.87 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.05)
|
0.02 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.43
|
1.28 |
1.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.86
|
3.03 |
2.39 |
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 |
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 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 |
No |
|
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 |
PERFORMANCE
The Company’s
Turnover is increased to Rs.330.850 millions as compared to Rs.307.229 millions
of previous year. The Company has incurred a loss before tax of Rs.10.869 millions
and loss after tax of Rs.8.158 millions during the year.
The directors expect better growth in the current financial year.
FURTHER ISSUE OF
CAPITAL
The Company issued
553119 equity shares of Rs.10/- each at a premium of Rs.40/- each aggregating
to Rs.27.656 millions during the year.
Bankers Charges
Report as per registry
|
Corporate
identity number of the company |
U27100MH2005PTC154080 |
|
Name of the
company |
VANYA STEELS PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
A-9/2, MIDC
Taloja Industrial Estate, Taloja, District Raigad, Raigad – 410 208,
Maharashtra, India E-Mail: vanyasteels.indore@yahoo.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable
Property Book Debts Movable Property
(not being pledge) |
|
Particular of
charge holder |
State Bank of Patiala,
Mid Corporate Branch, Orbit Mall, A.B. Road, Indore - 452 001, Madhya
Pradesh, India E-Mail: b5895@sbp.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
C-1-A (SBP-1615):
Supplement Agreement of Loan for increase in the overall limit dated
30.06.2012 C-2-A (SBP-1616):
Supplement Agreement of Hypothecation of Goods and Assets for increasing in
the overall limit dated 30.06.2012 and. C-5 (SBP1619):
Letter regarding the grant of individual limits within the overall limit
dated 30.06.2012. |
|
Date of
instrument Creating the charge |
30.06.2012 |
|
Amount secured by
the charge |
Rs.392.138
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: 0.50% above Base
Rate i.e. 11% p.a. (floating) at monthly rests on Term Loan I and II and Cash
Credit Limit. 1.50% below Base
Rate i.e. 9% p.a. (floating) at monthly rests on FITL. Margin: As per the terms
and conditions of sanction letter and agreement. Extent and
Operation of the charge: First charge on
entire Fixed Assets, both present and future of the company and second charge
over current assets of the company. the said financial assistance s
additionally secured by equitable mortgage of immovable properties (including
immovable fixed assets permanently fastened to earth) by deposit of title
deeds by way of constructive delivery in favour of State Bank of Patiala. Others: Personal
guarantee of Mrs. Bhavna Goel and Mr. Mudit Goel, Director of the company
alongwith personal guarantee of Shri Santosh Shahra. |
|
Short particulars
of the property charged |
All present and future
goods, book debts and all other movable assets creating the charge and
equitable mortgage of immovable property at Hirebagnal District Koppal,
Karnataka. |
FIXED ASSETS:
·
Land
·
Factory Building
·
Plant and Machinery - I
·
Plant and Machinery - II
·
D.G. Set
·
Caterpiller - 424
·
Loader Z2021
·
Vehicle
·
Office Equipment
·
Furniture
·
Computer
·
Technical Knowhow
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.54.34 |
|
|
1 |
Rs.86.97 |
|
Euro |
1 |
Rs.69.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
31 |
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.