|
Report Date : |
02.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
ANAND DUPLEX LIMITED |
|
|
|
|
Registered
Office : |
9th KM Mawana Road, Vill. Sainoi, Meerut – 250006, Uttar
Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
22.09.1989 |
|
|
|
|
Com. Reg. No.: |
011200 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 37.065 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L21015UP1989PLC011200 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MRTA00014A |
|
|
|
|
Legal Form : |
Public limited liability company.
The company's shares are listed on the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Paper Board, Duplex Board and Triplex
Boards. Also Importer of Machinery Parts and Waste Papers. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 686840 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a established company having satisfactory track record.
Trade relations are reported to be fair. Business is active. Payments are
reported to be usually correct and as per commitments. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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 : |
9th KM Mawana Road, Vill. Sainoi, Meerut – 250006, Uttar
Pradesh, India |
|
Tel. No.: |
91-121-4059052 / 2620985,
2620986 |
|
Fax No.: |
91-121- 2620988 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Nikhil Vats |
|
Designation : |
Director |
|
Address : |
102, Gali No. 1, Mansarovar, Meerut- 250001, Uttar Pradesh, India |
|
Date of Birth/Age : |
09.02.1961 |
|
DIN No. : |
00610278 |
|
PAN No. : |
AAHPV5677P |
Other Directorship
|
Name : |
Mr. Daman Vats |
|
Designation : |
Director |
|
Address : |
House No. 102/1, Alankrita Mansarovar, Meerut- 250001, Uttar Pradesh,
India |
|
Date of Birth/Age : |
04.03.1966 |
|
DIN No. : |
00610321 |
|
PAN No. : |
AAHPV6018J |
Other Directorship
|
|
Name : |
Mr. Anand Prakash Sharma |
|
Designation : |
Director |
|
Address : |
H. No. 102/1, Mansarovar, Meerut- 250001, Uttar Pradesh, India |
|
Date of Birth/Age : |
10.03.1939 |
|
DIN No. : |
00610330 |
|
PAN No. : |
ABTPS0925J |
Other Directorship
|
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Anand Prakash Sharma |
|
336400 |
|
Nikhil Vats |
|
391180 |
|
Daman Vats |
|
401600 |
|
Chhaya Sharma |
|
266300 |
|
Daksh Vats |
|
67500 |
|
Deeksha Vats |
|
18400 |
|
Sandhya Vats |
|
138020 |
|
Deepali Sharma |
|
30820 |
|
Namrata Vats |
|
187020 |
|
Anand Prakash Sharma & Sons |
|
35020 |
|
Dhawani Vats |
|
11520 |
|
C.R.B. Trustee Ltd |
|
50000 |
|
Neeraj Goel |
|
72000 |
|
Manju Kaushik |
|
10000 |
|
Yogender Rastogi |
|
19000 |
|
Mridula Sharma |
|
10000 |
|
Pragya Sharma |
|
10000 |
|
Uday Sharma |
|
10000 |
|
Sharad Sharma |
|
10000 |
|
Kamal Sharma |
|
10000 |
|
Sudhir Kumar Mittal |
|
10000 |
|
Usha Rani Gupta |
|
90000 |
|
Umesh Chandra |
|
21500 |
|
Manisha Jain |
|
11000 |
|
Akash Jain |
|
11000 |
|
Arun Rastogi |
|
17000 |
|
Alkesh Mithal |
|
10000 |
|
Alka Rani |
|
20000 |
|
Kusum Rani |
|
20000 |
|
Vivek Kumar |
|
20000 |
|
Divya Singhal |
|
60000 |
|
Pushpa Rani |
|
30000 |
|
Nutan Agarwal |
|
60000 |
|
Amit Prakash |
|
30000 |
|
Sanjay Prakash |
|
11300 |
|
Vinod Kumar |
|
40000 |
|
Deepak Gupta |
|
130000 |
|
Vijay Kumar |
|
130000 |
|
Gaurav Garg |
|
15000 |
|
Vishnu Prakash Agarwal |
|
10000 |
|
Vikas Kumar Jain |
|
10000 |
|
Darshan Rani |
|
14800 |
|
Shalini Gupta |
|
10000 |
|
Ishwar Dayal Gupta |
|
15000 |
|
Reenu Garg |
|
17500 |
|
Suresh Chand Agarwal |
|
10000 |
|
Ruby Macons Ltd. |
|
10000 |
|
Ruby Asia Invs. Ltd. (NRI) |
|
100000 |
|
Other Share Holders |
|
687680 |
|
Total |
|
3706560 |
AS ON 30.09.2011
|
Category |
Percentage |
|
Foreign Holdings
|
3.00 |
|
Bodies Corporate |
2.00 |
|
Directors or relatives of Directors |
51.00 |
|
Other top fifty shareholders |
44.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Paper Board, Duplex Board and Triplex Boards.
Also Importer of Machinery Parts and Waste Papers. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
V. S. Gupta and Company Chartered Accountant |
|
Address : |
200, Western Kutchery Road, Meerut – 250001, Uttar Pradesh, India |
|
|
|
|
Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40,00,000 |
Equity Shares |
Rs. 10/- each |
Rs. 40.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
37,06,560 |
Equity Shares |
Rs. 10/- each |
Rs. 37.065 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 |
33.609 |
33.609 |
33.609 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
138.101 |
125.532 |
114.469 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
171.710 |
159.141 |
148.078 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
122.304 |
68.128 |
58.315 |
|
|
2] Unsecured Loans |
46.535 |
39.334 |
37.767 |
|
|
TOTAL BORROWING |
168.839 |
107.462 |
96.082 |
|
|
DEFERRED TAX LIABILITIES |
22.052 |
24.527 |
26.464 |
|
|
|
|
|
|
|
|
TOTAL |
362.601 |
291.130 |
270.624 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
143.213 |
116.507 |
129.380 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
64.079 |
93.989 |
93.800 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
38.613
|
39.422 |
47.228 |
|
|
Sundry Debtors |
231.178
|
153.102 |
95.260 |
|
|
Cash & Bank Balances |
35.726
|
1.916 |
4.309 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
26.707
|
23.267 |
23.665 |
|
Total
Current Assets |
332.224
|
217.707 |
170.462 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
110.782
|
54.405 |
102.143 |
|
|
Other Current Liabilities |
54.636
|
77.568 |
7.893 |
|
|
Provisions |
11.497
|
5.100 |
12.982 |
|
Total
Current Liabilities |
176.915
|
137.073 |
123.018 |
|
|
Net Current Assets |
155.309
|
80.634 |
47.444 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
362.601 |
291.130 |
270.624 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
411.116 |
355.023 |
316.386 |
|
|
|
Other Income |
0.154 |
0.116 |
0.625 |
|
|
|
TOTAL (A) |
411.270 |
355.139 |
317.011 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
276.018 |
234.697 |
2.459 |
|
|
|
Manufacturing Service Costs |
63.431 |
60.451 |
131.370 |
|
|
|
Raw Materials Consumed |
0.000 |
0.000 |
127.276 |
|
|
|
Personnel Expenses |
0.000 |
0.000 |
8.138 |
|
|
|
Employee related Expenses |
6.542 |
5.637 |
0.000 |
|
|
|
Administrative selling other expenses |
20.102 |
15.673 |
12.827 |
|
|
|
TOTAL (B) |
366.093 |
316.458 |
282.070 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
45.177 |
38.681 |
34.941 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
11.667 |
10.750 |
9.870 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
33.510 |
27.931 |
25.071 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
14.124 |
12.927 |
12.366 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
19.386 |
15.004 |
12.705 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
6.397 |
5.100 |
4.492 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
12.989 |
9.904 |
8.213 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
101.941 |
92.929 |
83.220 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Adjustment of Deffered Tax Liabilities |
(2.476) |
(1.936) |
(1.495) |
|
|
BALANCE CARRIED
TO THE B/S |
117.406 |
104.769 |
92.928 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.5 |
2.67 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.15
|
2.78 |
2.59 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.71
|
4.22 |
4.01 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.07
|
4.48 |
4.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11
|
0.09 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.02
|
1.53 |
1.47 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.87
|
1.58 |
1.38 |
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% |
NO |
|
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 |
YES |
|
23] |
Banking Details |
YES |
|
24] |
Banking facility details |
YES |
|
25] |
Conduct of the banking
account |
---------------------- |
|
26] |
Buyer visit details |
NO |
|
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 |
YES |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
NO |
|
34] |
External Agency Rating,
if available |
NO |
Form 8
|
Corporate identity number of the company |
L21015UP1989PLC011200 |
|
Name of the company |
ANAND DUPLEX
LIMITED |
|
Address of the registered office or of the
principal place of business in |
9th
KM Mawana Road, Vill. Sainoi, Meerut – 250006, Uttar Pradesh, India |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable Property Movable property |
|
Particular of charge holder |
Punjab National
Bank, E.K. Road,
Meerut – 250002, Uttar Pradesh, India Email -
bo2534@pnb.co.in |
|
Nature of instrument creating charge |
1. Agreement of Hypothecation of Assets To
Secure Term Loan dated 29.06.2012. 2. Agreement for Hypothecation of Movable
Assets dated 29.06.2012. 3. Copy of Register of Title Deed. |
|
Date of instrument Creating the charge |
29.06.2012 |
|
Amount secured by the charge |
Rs. 38.000 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest BR+4.25%+0.50 p.a. at monthly rests Terms of Repayment Term Loan will be repaid in 24 quarterly installment w.e.f. Oct 2012 as
under: first 23 Quarterly installments of Rs
1.584 millions each and last installment of Rs. 1.568 millions. Margin Margin:33% Extent and Operation of the charge 1. Hypothecation of Plant & Machinery,
Equipments and other fixed assets valuing of Rs 83.212 millions. 2. Second charge on all Current assets. Others Extention of EM of Immovable Property existing
from Rs 166.500 millions to 224.500 millions |
|
Short particulars of the property charged |
Agreement of Hypothecation of Assets To
Secure Term Loan dated 29.06.2012. Agreement for Hypothecation of Movable
Assets dated 29.06.2012. 1. Property at vill. Mzn. Distt. Mrt meas.
1.8455 Hect of Namrata & Sandhya. 2. Property at Kh. No. 113, at vil. MZN of
the company. 3. 5 property mentioned at pg 56 of title
deed of the bank. |
LITIGATION DETAILS
CUSTOMS, EXCISE AND GOLD TRIBUNAL - DELHI
Anand
Duplex Ltd. And Ors. vs Cce on 27 September, 2004
Equivalent
citations: 2004 (97) ECC 767, 2005 (181) ELT 211 Tri Del
Bench:
J Balasundaram, Vice, A T V.K.
ORDER
Jyoti Balasundaram, Vice President
1. Appellants herein are engaged in the
manufacture of paper and paper board at Meerut. They have two manufacturing
units, Unit No. 1 being engaged in the manufacture of kraft paper and Unit No.
2 being engaged in the manufacture of Paper Board. They sell their finished
goods on payment of duty to their sales depot located at Delhi from which goods
are sold to various buyers. They started selling their finished goods on
consignment sales basis from May 1999 onwards, in respect of Unit No. 1 and
October 1999 onwards, in respect of Unit No. 2. They appointed a number of
consignment agents all over India to whom finished goods were dispatched on
payment of duty, and the agents in turn sold the finished goods on commission
basis. During 1999-2000 and 2000-2001 there were six consignment agents and twenty-five
consignment agents respectively. Appellants paid duty based on the factory gate
price of finished goods in respect of transfer of goods to consignment agents.
Central Excise authority sought information from the appellants as to the value
on which they paid duty at the time of transfer to consignment agents vis-a-vis
selling price at which the consignment agents sold the goods. Details of
differential duty payable for the financial year 2000-2001 were furnished and
differential duty was shown as Rs. 1,94,744. Subsequently they made a final
estimate of duty payable which worked out to Rs. 32,900 for 1999-2000 and Rs.
6,52,917 for 2000-2001 and paid this duty totalling Rs. 6,85,814. Allegation of
the Department was that appellants were liable to pay duty on the price at
which the consignment agents sold the goods. On this basis differential duty
demand amounted to Rs. 69,83,338. Different show cause notices dated 12.11.2002
proposing recovery of differential duty of Rs. 69,83,338 together with interest
and proposing penal action against appellants and the Directors of the
appellant Company was issued which was adjudicated by the Commissioner of
Central Excise, confirming the entire duty demand together with interest and
imposing penalty equal to duty on the manufacturer and imposing penalties of
Rs. 5 Lakhs each on the other appellants who are Directors/General Manager of
the Company. Hence, these appeals.
2. We have heard both sides. The
Department has adopted the sale price of Rs. 26 per kg. of Duplex Board of a
particular consignment agent, namely, Premier Print Pack (as per Invoice No.
1919 dated 20.12.2000) as price for sale to the consignment agents. Before
passing of the impugned order the appellants submitted account sales of all
consignment agents for the purpose of working out of the duty liability but
could not furnish the particulars of invoices under which goods were ultimately
sold by the respective consignment agents to customers. They have now collected
all the invoices under which finished goods were sold by the consignment agent
which, according to them, would show that the Duplex Board was being sold by
the consignment agent at price ranging from Rs. 15 to Rs. 17 per kg. In these
circumstances they prayed that the matter may be remanded for consideration of
the invoices of 8 consignment agents in question whose invoices are being now
produced by the appellants for the purpose of quantification of duty demand.
3. Learned Departmental Representative
fairly leaves the matter for decision by the Bench.
4. We see force in the submission that
the price at which the consignment agents have actually sold the goods
represent normal transaction value of the goods and have to be adopted for levy
of duty. Since the relevant details of the 8 consignment agents pertaining to
the goods are now on record, we set aside the impugned order and remand the
case to the Jurisdictional Commissioner for fresh decision on the basis of such
invoices and for re-quantification of the duty demand on the above basis. The liability
of the appellants to penalty has also to be considered by him afresh. Fresh
orders are to be passed after extending reasonable opportunity to the
appellants of presenting their defence.
The appeals are thus allowed by remand.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject are
derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.78 |
|
|
1 |
Rs.85.16 |
|
Euro |
1 |
Rs.67.78 |
INFORMATION DETAILS
|
Information
Gathered by : |
-- |
|
|
|
|
Report Prepared
by : |
NLM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.