|
Report Date : |
20.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
TRUE WALL SPECIALITIES PRIVATE LIMITED |
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|
|
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Registered
Office : |
182/1, Retiwala Compound, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
|
|
|
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Date of
Incorporation : |
14.05.2007 |
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|
|
|
Com. Reg. No.: |
11-170792 |
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Capital
Investment/ Paid-up Capital: |
Rs.10.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36990MH2007PTC170792 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Manufacture and Installation of Aluminium Glazing Systems and Architectural
Curtain Wall Systems. |
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|
|
No. of
Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 210000 |
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|
Status : |
Moderate |
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|
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. The latest
financials of the company are not made available. As per previous year’s, we found that – the company has recorded huge
external borrowings. However, trade relations are reported as fair. Business is active.
Payments are reported to be unknown. In absence of latest financials. 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
|
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 DENIED BY
|
Name : |
Mr. Jital Mehta |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-67584700 |
|
Date : |
19.11.2012 |
LOCATIONS
|
Registered Office : |
182/1, Retiwala Compound, |
|
Tel. No.: |
91-22-24442979 / 24451449 |
|
Fax No.: |
91-22-24445222 |
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E-Mail : |
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Website : |
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Corporate office: |
4th Floor East Wing, Times Square, Opposite Mittal Estate,
Andheri (East), Mumbai – 400059, |
|
Tel. No.: |
91-22-67584700 -09 |
|
Fax No.: |
91-22-67584708 |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Harpeet Singh Harinder Singh Marwah |
|
Designation : |
Director |
|
Address : |
14, Resham Apartment, |
|
Date of Birth/Age : |
01.09.1972 |
|
Date of Appointment : |
14.05.2007 |
|
DIN No. : |
00694943 |
|
|
|
|
Name : |
Mrs. Manpreet Kaur Harpeet Singh Marwah |
|
Designation : |
Director |
|
Address : |
14, Resham Apartment, |
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Date of Birth/Age : |
18.06.1978 |
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Date of Appointment : |
14.05.2007 |
|
DIN No. : |
00695131 |
KEY EXECUTIVES
|
Name : |
Mr. Jital Mehta |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Harpeet Singh Harinder Singh Marwah |
|
700000 |
|
Manpreet Kaur Harpeet Singh Marwah |
|
300000 |
|
|
|
|
|
Total |
|
1000000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
As on 29.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture and Installation of Aluminium Glazing Systems and
Architectural Curtain Wall Systems. |
|
|
|
GENERAL INFORMATION
|
Suppliers : |
·
Aarkay
Metal and Steel Tube Company ·
Aastha
Tech Products Private Limited ·
Agarvanshi
Aluminium Limited ·
Agarwal
Steel and Wooden Shuttering ·
Alcan
Composities Panels India Private Limited ·
Alexia
Panels ·
Alex
Panels ·
Allarch
Trading Private. Limited. ·
Allied
Aluminium ·
Aludecor
Lamination Private Limited ·
Alu
Fit ( ·
Alumeco
India Extrusions Limited ·
Aluminium
Centre ·
Amee
Rubber Industries Private Limited ·
Ameya
Dychem Private. Limited ·
Anmol
Trading Company ·
Arrow
Enterprises ·
Asahi
India Glass Limited · Atlas Enterprises |
||||||||||||||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||||||||||||||
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Customers : |
·
Ash Ford Housing Corporation ·
Avinash Developers Private
Limited. ·
Bharat Lodge Constructions ·
Cello Sonal Constructions ·
·
·
·
Essar Infrastructure Service
Limited ·
Futura Travels Limited ·
Gautam Enterprises ·
Goyal Shreeman Developers ·
Institute Of Chartered Accounts Of
·
·
Kalpataru Limited ·
Keystone Realtors Private Limited.
- Club House ·
Keystone Realtors Private Limited.
- Goregaon ·
Keystone Realtors Private Limited.
- Natraj ·
Keystone Realtors Private Limited.
- Sion ·
Living India Private Limited. ·
Lokpriya Buildwell Private Limited ·
·
Messers Habitat ·
Nilkanth Tech Park Private Limited · Om Sadan Co-Op Housing Society Limited - Acp |
||||||||||||||||||||||||||||||||||||||||||
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No. of Employees : |
Not Available |
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|
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Bankers : |
·
Standard Chartered Bank, SME Credit,
Crescenzo, 3A/F, Plot no. C-38 & 39, G Block, Bandra Kurla Complex,
Bandra, Mumbai - 400051, ·
State Bank of India, Overseas Branch, Kolkata,
Samriddhi Bhavan, Block –A, 1, Strand Road, Kolkata – 700001, West Bengal,
India |
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Facilities : |
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Banking
Relations : |
-- |
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|
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Auditors : |
|
|
Name : |
D. J. Mehta and Company Chartered Accountant |
|
Address : |
3, Sharda Estate, L. T. Road, Near Vazira Naka, Borivali (West),
Mumbai – 400092, Maharashtra, India |
|
Tel. No.: |
91-22-8997960 / 32962277 |
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Pan No.: |
AACPM0822A |
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|
|
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
10.000 |
5.100 |
5.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
38.944 |
21.431 |
13.801 |
|
|
4] Share Premium Account |
3.600 |
8.500 |
8.500 |
|
|
5] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
52.544 |
35.031 |
27.401 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
55.945 |
21.353 |
13.584 |
|
|
2]Debenture Account |
0.900 |
0.900 |
0.900 |
|
|
3] Unsecured Loans |
52.726 |
16.446 |
0.384 |
|
|
TOTAL BORROWING |
109.571 |
38.699 |
14.868 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
162.115 |
73.730 |
42.269 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
66.325 |
9.726 |
6.745 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
106.311
|
60.602 |
36.010 |
|
|
Sundry Debtors |
78.409
|
59.345 |
30.039 |
|
|
Cash & Bank Balances |
2.654
|
0.302 |
0.228 |
|
|
Other Current Assets |
28.912
|
20.088 |
10.325 |
|
|
Loans & Advances |
32.313
|
26.278 |
15.352 |
|
Total
Current Assets |
248.599
|
166.615 |
91.954 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
121.212
|
87.305 |
44.266 |
|
|
Other Current Liabilities |
2.115
|
2.227 |
3.058 |
|
|
Provisions |
29.538
|
13.171 |
9.235 |
|
Total
Current Liabilities |
152.865
|
102.703 |
56.559 |
|
|
Net Current Assets |
95.734
|
63.912 |
35.395 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.056 |
0.092 |
0.129 |
|
|
|
|
|
|
|
|
TOTAL |
162.115 |
73.730 |
42.269 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
463.546 |
230.236 |
171.277 |
|
|
|
Other Income |
0.924 |
0.512 |
0.331 |
|
|
|
TOTAL (A) |
464.470 |
230.748 |
171.608 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
354.396 |
183.565 |
127.495 |
|
|
|
Administrative and Selling, Distribution Expenses |
70.449 |
30.201 |
29.098 |
|
|
|
TOTAL (B) |
424.845 |
213.766 |
156.593 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
39.625 |
16.982 |
15.015 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
10.452 |
4.016 |
2.981 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
26.173 |
12.966 |
12.034 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.879 |
1.321 |
1.121 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
26.294 |
11.645 |
10.913 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
8.782 |
4.015 |
3.819 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
17.512 |
7.630 |
7.094 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
21.431 |
13.801 |
6.707 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
38.943 |
21.431 |
13.801 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
21.43 |
14.96 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.77 |
3.31 |
4.13 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.67 |
5.06 |
6.37 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.35 |
6.60 |
11.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.50 |
0.33 |
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.99 |
4.04 |
2.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.63 |
1.62 |
1.63 |
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Constitution
of the firm |
Yes |
|
Premises
details |
No |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
Yes |
|
No.
of Employees |
No |
|
Name
of Person Contacted |
Yes |
|
Designation
of contact person |
Yes |
|
Turnover
of firm for last three years |
Yes |
|
Profitability
for last three years |
Yes |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
No |
|
Capital
the business |
Yes |
|
Details
of sister concerns |
No |
|
Major
Suppliers |
Yes |
|
Major
Customers |
Yes |
|
Payment
Terms |
No |
|
Export
/ Import Details [If Applicable] |
No |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
Yes |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
Yes |
|
Incorporation
details, if applicable |
Yes |
|
Last
accounts filed at ROC |
No |
|
Major
Shareholders, if applicable |
Yes |
|
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
PAN
of Proprietor/Partner/Director, if available |
No |
|
Voter
ID No of Proprietor/Partner/Director, if available |
No |
|
External Agency
Rating, if available |
No |
SUNDRY CREDITORS
DETAILS:
(Rs. In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
|
|
|
|
For Raw Materials |
104.144 |
74.772 |
36.694 |
|
For Goods |
17.070 |
12.533 |
7.572 |
|
|
|
|
|
|
Total |
121.214 |
87.305 |
44.266 |
Rs.
in Millions
|
Partial Details |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors
For Raw Materials |
|
|
|
Aarkay Metal and Steel
Tube Company |
0.000 |
0.020 |
|
Aastha Tech Products
Private Limited |
0.789 |
0.000 |
|
Agarvanshi Aluminium Limited |
0.245 |
0.347 |
|
Agarwal Steel and Wooden
Shuttering |
0.022 |
0.000 |
|
Alcan Composities Panels
India Private Limited |
0.000 |
0.092 |
|
Alexia Panels |
1.697 |
0.000 |
|
Alex Panels |
3.579 |
0.522 |
|
Allarch Trading Private
Limited. |
1.703 |
1.968 |
|
Allied Aluminium |
0.116 |
0.000 |
|
Aludecor Lamination
Private Limited |
0.116 |
0.003 |
|
Alu Fit ( |
4.053 |
2.365 |
|
|
|
|
|
Sundry Creditors
For Expenses |
|
|
|
Aditya Associates |
0.028 |
0.008 |
|
Aim Computer Services |
0.000 |
0.003 |
|
Amirsons Timber |
1.859 |
1.462 |
|
Ameco |
2.293 |
0.000 |
|
Asian Digital Centre |
0.017 |
0.000 |
|
Badshah and Company |
0.572 |
0.233 |
|
Broadband Pacenet India
Private Limited. |
0.001 |
0.000 |
|
Chc Logistics Private
Limited. |
0.050 |
0.000 |
|
Deepak Crane Services |
0.000 |
0.002 |
|
|
|
|
Rs. in Millions
|
Partial Details |
31.03.2009 |
|
Sundry Creditors
For Raw Materials |
|
|
Aastha Tech Products
Private Limited |
0.053 |
|
Agarvanshi Aluminum Limited |
0.070 |
|
Ajay Stone |
0.098 |
|
Allarch Trading Private
Limited. |
1.768 |
|
Alstrong Enterprises |
0.517 |
|
Altech |
1.823 |
|
Aludecor Lamination
Private Limited |
0.000 |
|
Aluminum Centre |
0.526 |
|
Alupan composites Panels
Private Limited |
0.424 |
|
Anmol Trading Company |
0.039 |
|
Ashi India Glass Limited |
0.316 |
|
Aura International Private limited
|
0.400 |
|
Sundry Creditors
For Expenses |
|
|
Aditya Associates |
0.008 |
|
Amirsons Timber |
1.076 |
|
Aura Communication
Private limited |
0.006 |
|
Chiluka Sai Arts |
0.002 |
|
D.J Mehta and Company |
0.196 |
|
Façade |
0.000 |
|
Ganishwar Trading |
0.005 |
OPERATIONS:
During the Financial Year the Company had expanded its business operations by achieving the turnover to Rs. Rs.463.546 Millions as compared to earlier year’s Turnover of Rs. 230.236 Millions Further during the year , the Company had earned a Net Profit after Tax of Rs. 17.512 Millions as against the previous year’s Net Profit after tax of Rs. 7.630 Millions after making provision for Depreciation amounting to Rs. 2.879 Million (Previous Year Rs. 1.321 Million ) and Provision for Taxation of Rs.8.572 Million as well as Provision for Deferred tax Liability of Rs. 0.210 Million and also after writing off Preliminary Expenses amounting to Rs. 0.036 Million
FORM 8
|
Corporate
identity number of the company |
U36990MH2007PTC170792 |
|
Name of the
company |
TRUE
WALL SPECIALITIES PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
182/1, Retiwala Compound, Email: getharpreet@rediffmail.com
|
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be
modified |
10255721 |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
Standard Chartered Bank, SME Credit, Crescenzo, 3A/F, Plot
no. C-38 and 39, G Block, Bandra Kurla Complex, Bandra, Mumbai - 400051, Email: sme.form8@sc.com |
|
Nature of
instrument creating charge |
Memorandum
of Entry (Supplemental) |
|
Date of instrument
Creating the charge |
29.09.2011 |
|
Amount secured by
the charge |
Rs. 210.740 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest As agreed by and with the Bank from time to time. Term
of Payment: As agreed by and with the Bank from time to time. Margin As applicable, if any. Extent and
operation of the charge The
Bank is having first and exclusive charge on the security given by the
Company, as described in sr. no. 15 below. |
|
Short particulars
of the property charged (Including location of the property) |
First
and exclusive charge on immovable properties of the Company at unit no. 1B on
4th floor, A Wing, Times Square, Marol, Andheri Kurla Road, Andheri East,
Mumbai 400 069 |
|
Date of last modification prior to the present modification |
27.09.2011 |
|
Particulars of the present modification |
By
present modification, the existing charge amount of Rs.210.740 Millions is also
now secured with immovable properties of company viz. First and exclusive
charge on unit no. 1B on 4th floor, A Wing, Times Square, Marol, Andheri
Kurla Road, Andheri East, Mumbai 400 069. |
Fixed Assets:
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction registered
against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.97 |
|
|
1 |
Rs.87.50 |
|
Euro |
1 |
Rs.70.16 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Report Prepared
by : |
BYI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
|
36 |
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.