MIRA
INFORM REPORT
|
Report Date : |
19.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
BON MOYAR COMPUTERS PRIVATE LIMITED |
|
|
|
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Registered
Office : |
Deluxe House, |
|
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Country : |
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|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
13.05.2004 |
|
|
|
|
Com. Reg. No.: |
11-146290 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.4.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52392MH2004PTC146290 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB13667D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
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Line of Business
: |
Trader and Dealer of Computer Peripherals and Printer Cartridge. |
|
|
|
|
No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 65000 |
|
|
|
|
Status : |
Moderate |
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|
|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track. Profitability
of the company appears to be low. However, trade relations are reported to be
fair. Business is active. Payments are
reported to be slow but correct. 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.
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 |
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 PARTED BY
|
Name : |
Mr. Bhimshi Patel |
|
Designation : |
Director |
|
Contact No.: |
91-22-22644556 |
|
Date : |
17.11.2012 |
LOCATIONS
|
Registered Office : |
Deluxe House, 182 Modi Street, Fort, Mumbai – 400001, Maharashtra,
India |
|
Tel. No.: |
91-22-22644555 |
|
Fax No.: |
91-22-22657614 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
900 sq ft |
|
Location : |
Owned |
|
|
|
|
Head Office : |
52, |
|
Tel. No. : |
91-22-66366068 / 66366084 / 22642930 / 31 / 22644556 / 22700672 |
|
Fax No. : |
91-22-22700672 / 22657614 |
|
|
|
|
Branch Office 1
: |
G-2, Crystal Plaza, Andheri Chakala Link Road, Andheri (East), Mumbai
- 400099, Maharashtra, India |
|
Tel. No.: |
91-22-66932826 / 66932827 / 66916736 |
|
Fax No.: |
91-22-66932826 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Branch Office 2
: |
Plot No. 73, Shop No. 27, Ground Floor, Welfare Chamber, Sector 17,
Vashi, Navi Mumbai, |
|
Tel. No.: |
91-22-65118848 / 65118851 |
|
E-Mail : |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Bhimshi Harilal Dubaria |
|
Designation : |
Director |
|
Address : |
Room No. A-103, Versova Shree Darshan Co-operative Housing Society, SVP Nagar, Mhada, Andheri (East), Mumbai- 400053, Maharashtra, India |
|
Date of Birth/Age : |
31.03.1957 |
|
Date of Appointment : |
13.05.2004 |
|
DIN No.: |
00436383 |
|
|
|
|
Name : |
Mr. Nathalal Ranchhod Chamria |
|
Designation : |
Director |
|
Address : |
Plot 33, RSC 17, Disha Co-operative Housing Society, Andheri Versova Road 33, B 23, Andheri (West), Mumbai – 400058, Maharashtra, India |
|
Date of Birth/Age : |
07.08.1972 |
|
Date of Appointment : |
13.05.2004 |
|
DIN No.: |
00436507 |
|
|
|
|
Name : |
Mr. Govind Dhanji Ravaria |
|
Designation : |
Director |
|
Address : |
B6 Va Rameshwar Co-operative Housing Society, S V Patel Nagar, 4 Bangalow, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
17.01.1981 |
|
Date of Appointment : |
13.05.2004 |
|
DIN No.: |
00436583 |
|
|
|
|
Name : |
Mr. Narshi Ranchhod Chambaria |
|
Designation : |
Director |
|
Address : |
Plot 33, RSC 17, Disha Co-operative Housing Society, Andheri Versova Road 33, B 23, Andheri (West), Mumbai – 400058, Maharashtra, India |
|
Date of Birth/Age : |
06.08.1971 |
|
Date of Appointment : |
13.05.2004 |
|
DIN No.: |
00436916 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Bhimshi Harital Patel |
|
50000 |
|
Govind Dhanji Ravaria |
|
40000 |
|
Lilavanti Nathalal Chamria |
|
60000 |
|
Maghiben Narshi Chambaria |
|
50000 |
|
Narshi Ranchhod Chambaria |
|
80000 |
|
Nathatal Ranchhod Chamria |
|
120000 |
|
|
|
|
|
Total |
|
400000 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
87.50 |
|
Other top fifty shareholders |
|
12.50 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Dealer of Computer Peripherals and Printer Cartridge. |
|
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Terms : |
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|
Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users |
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No. of Employees : |
10 (Approximately) |
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Bankers : |
·
The Cosmos Co-operative Bank Limited, Fort
Branch, 229/231, Perin Nariman Street, Bazar Gate, Fort, Mumbai - 400001,
Maharashtra, India ·
Bank of Baroda, Altamount Road Branch, Crystal
Altamount Road, Kemps Corner, Mumbai - 400026, Maharashtra, India ·
Kotak Mahindra Bank Limited ·
HDFC Bank Limited ·
New India Co-Operative Bank Limited |
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Facilities : |
(Rs.
In Millions)
Notes: Hire Purchase Loans are secured by hypothecation of vehicles financed.
The loans carries interest @ 9.5% p a. The loan is repayable in 60 equal
monthly instalments starting from the respective date of finance. Loans taken from related parties carries interest @ 12% p.a. The said
loans are repayable after March, 2013. Working capital loan from bank is secured by hypothecation of stock
and book debts; collaterally secured by mortgage of property owned by
directors and their relatives; pledge of fixed deposits belonging to company
and directors, and personal guarantee of directors and their relatives. The
loan carries interest @ 12% p.a. |
||||||||||||||||||||||||||||||
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Banking
Relations : |
-- |
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|
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Auditors : |
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|
Name : |
Singrodia Goyal and Company Chartered Accountants |
|
Address : |
4A, Kaledonia-Hdil, 2nd Floor, Sahar Road, Near Andheri Station, Andheri (East), Mumbai – 400069, Maharashtra, India |
|
PAN No.: |
AAAFS7106D |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
Rs.10/- each |
Rs.4.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
Rs.10/- each |
Rs.4.000 Millions |
|
|
|
|
|
a) Reconciliation of
shares outstanding at the beginning and at the end of the reporting period
(Rs. In Millions)
|
Particulars |
As at 31.03.2012 |
|
|
No. |
Amount |
|
|
Equity Shares At the beginning of the year issued during the year |
400000 |
4.000 |
|
Outstanding at the
end of the year |
400000 |
4.000 |
b) Terms / rights
attached to equity shares
The company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity share is entitled to one vote per share.
In the event of liquidation of the company, the holder of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.
c) Names of
Shareholders' holding more than 5% shares are as follows:-
|
Names |
As at 31.03.2012 |
|
|
No. of shares held |
% holding |
|
|
Nathalal Ranchhod Chamaria |
120000 |
30.00 |
|
Narshi Ranchhod Chamaria |
80000 |
20.00 |
|
Lilavanti Nathalal Chamaria |
60000 |
15.00 |
|
Maghiben Narshi Chamaria |
50000 |
12.50 |
|
Bhimshi Harilal Patel |
50000 |
12.50 |
|
Govind Dhanji Ravaria |
40000 |
10.00 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
4.000 |
4.000 |
4.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
12.383 |
10.369 |
7.136 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
16.383 |
14.369 |
11.136 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
88.328 |
83.979 |
31.494 |
|
|
2] Unsecured Loans |
18.437 |
13.217 |
3.156 |
|
|
TOTAL BORROWING |
106.765 |
97.196 |
34.650 |
|
|
DEFERRED TAX LIABILITIES |
0.056 |
0.043 |
0.039 |
|
|
|
|
|
|
|
|
TOTAL |
123.204 |
111.608 |
45.825 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.531 |
3.286 |
0.665 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
14.461 |
7.874 |
0.105 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
OTHER NON CURRENT ASSETS |
1.825 |
3.187 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
78.038
|
70.756 |
45.884 |
|
|
Sundry Debtors |
79.154
|
69.146 |
51.077 |
|
|
Cash & Bank Balances |
3.127
|
5.787 |
1.878 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
17.237
|
18.067 |
6.994 |
|
Total
Current Assets |
177.556
|
163.756 |
105.833 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
70.674
|
63.885 |
58.123 |
|
|
Other Current Liabilities |
2.495
|
2.066 |
2.103 |
|
|
Provisions |
0.000
|
0.544 |
0.552 |
|
Total
Current Liabilities |
73.169
|
66.495 |
60.778 |
|
|
Net Current Assets |
104.387
|
97.261 |
45.055 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
123.204 |
111.608 |
45.825 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
569.686 |
555.109 |
418.773 |
|
|
|
Other Income |
0.346 |
0.256 |
0.283 |
|
|
|
Share in Profit/(Loss) of Partnership Firm |
(0.004) |
(0.006) |
0.000 |
|
|
|
TOTAL (A) |
570.028 |
555.359 |
419.056 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
538.789 |
546.376 |
|
|
|
|
Changes in inventories of finished goods, and stock in trade |
(7.282) |
(24.871) |
|
|
|
|
Employee benefits expense |
10.828 |
11.355 |
|
|
|
|
Exceptional items |
(0.026) |
0.084 |
|
|
|
|
Other expenses |
9.742 |
7.836 |
|
|
|
|
TOTAL (B) |
552.051 |
540.780 |
410.461 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
17.977 |
14.579 |
8.595 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
13.971 |
9.157 |
3.868 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
4.006 |
5.422 |
4.727 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.847 |
0.546 |
0.203 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3.159 |
4.876 |
4.524 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.145 |
1.643 |
1.340 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2.014 |
3.233 |
3.184 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
10.369 |
7.136 |
3.952 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
12.383 |
10.369 |
7.136 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.04 |
8.08 |
7.96 |
|
Expected Sales (2012-2013): Rs.600.000 Millions
The above information has been parted by Mr. Bhimshi Patel
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.35 |
0.58 |
0.76 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.55 |
0.88 |
1.08 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.75 |
2.92 |
4.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.34 |
0.41 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
10.98 |
11.39 |
8.57 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.43 |
2.46 |
1.74 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
(Rs. in Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors |
|
|
|
|
Due to Micro, Small and Medium Enterprises |
- |
- |
- |
|
Due to Others |
|
|
|
|
(i) For Expenses |
0.364 |
0.381 |
|
|
(ii) For Goods |
70.310 |
63.504 |
58.123 |
|
|
|
|
|
|
Total |
70.674 |
63.885 |
58.123 |
|
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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] |
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 |
No |
Note:
The Registered Office of the company has been shifted from 52, Bomanji Lane, Wipata House, Fort, Mumbai -400001, Maharashtra, India to the present address w.e.f. 01.04.2009.
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration
number of the company |
U52392MH2004PTC146290 |
|
Name of the
company |
BON MOYAR
COMPUTERS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
Deluxe House, 182 Modi Street, Fort, Mumbai – 400001, Maharashtra,
India E-mail: bonmoyar@gmail.com |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10067387 |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
The Cosmos Co-operative Bank Limited, Fort Branch, 229/231, Perin
Nariman Street, Bazar Gate, Fort, Mumbai - 400001, Maharashtra, India E-mail: njbhatia@rediffmai.com |
|
Nature of
instrument creating charge |
Deed of Mortgage
of Replacement of securty |
|
Date of
instrument Creating the charge |
29.02.2012 |
|
Amount secured by
the charge |
Rs.92.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Cash Credit:
12.50% p.a. or at such rate as may be determined by the bank from time to
time cheque purchase:
18% p.a. or at such rate as may be determined by the bank from time to time Terms of
Repayment Cash Credit: On
demand review within 12 months Cheque purchase:
On demand review within 12 months Margin Cash credit: 25%
in Bank's favour Extent and
Operation of the charge Cash credit: Rs.90.000 Millions cheque
purchase: Rs.2.000 Millions Others Due to size constraint
page no 1- 17 of the agmt is filled with this form, balance agreement is
filed vide form no 62 |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
All that piece
and parcel of unit no B 3 and Unit no B 5 both the units situated on the
lower floor of the building known as Crystal Plaza of Crystal Plaza Premises
Co-operative Society Limited standing on property bearing CTS no 457, 457/1
to 37 of Chakala situated at Andhieri Ghatkopar Link Road Andheri East Mumbai
99 within registration District and sub district of Mumbai City and MSD and
within local limits of Greater Mumbai Municipal Corporation more particularly described in
schedule attached herewith together with rijghts to enjoy common areas and
facilities appurtenant to said premises and with right of ways, easements and
parking available to said premises with share certificates and memberships. |
|
Date of
instrument modifying the charge |
12.07.2010 |
|
Particulars of the
present modification |
Immovable
property at Unit B 3 and B5 in Building Crystal Plaza is security for Rs
92.000 Millions (Cash credit: Rs.90.000 Millions, cheque purchase: Rs.2.000 Millions) |
FIXED ASSETS:
Tangible Assets
·
Plant and Machinery
·
Furniture and Fixture
·
Motor Vehicles
·
Computers
Intangible Assets
·
Computer Software
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.54.99 |
|
|
1 |
Rs.87.21 |
|
Euro |
1 |
Rs.70.22 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
|
32 |
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.