1. Summary Information
|
|
|
Country |
India |
|
Company Name |
NAVARATNA
DISTRIBUTORS PRIVATE LIMITED |
Principal Name 1 |
Mr. Rajkumar Sreenivas Pai |
|
Status |
Moderate |
Principal Name 2 |
Mrs. Meena Rajkumar Pai |
|
|
|
Registration # |
08-046181 |
|
Street Address |
No.6/6D,
Site No.2/3/4, Vivekanandanagar, Bommanahalli, Begur Main Road, Hongasandra,
Bangalore – 560068, Karnataka |
||
|
Established Date |
23.04.2008 |
SIC Code |
-- |
|
Telephone# |
91-80-25736511 |
Business Style 1 |
Distributors |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
Not Available |
Product Name 1 |
Electronic Goods |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.5,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors – 100% |
Banking |
Syndicate Bank |
|
Public Limited Corp. |
No |
Business Period |
4 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B
(28) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
22,976,000 |
Current Liabilities |
181,000 |
|
Inventories |
19,311,000 |
Long-term Liabilities |
31,708,000 |
|
Fixed Assets |
2,295,000 |
Other Liabilities |
2,290,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
34,179,000 |
|
Invest& other Assets |
13,000 |
Retained Earnings |
5,416,000 |
|
|
|
Net Worth |
10,416,000 |
|
Total Assets |
44,595,000 |
Total Liab. & Equity |
44,595,000 |
|
Total Assets (Previous Year) |
69,444,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Total Income |
311,809,000 |
Net Profit |
818,000 |
|
Total Income (Previous yr) |
351,509,000 |
Net Profit(Prev.yr) |
2,795,000 |
MIRA
INFORM REPORT
|
Report Date : |
09.10.2012 |
|
|
|
|
Tel. No.: |
9880723447 |
IDENTIFICATION DETAILS
|
Name : |
NAVARATNA DISTRIBUTORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.6/6D, Site No.2/3/4, Vivekanandanagar, Bommanahalli, Begur
Main Road, Hongasandra, Bangalore – 560068, Karnataka |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
23.04.2008 |
|
|
|
|
Com. Reg. No.: |
08-046181 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.5.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74900KA2008PTC046181 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRN04826D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCN7568B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Distributors of Electronic Goods |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 42000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. There appears
some dip in the turnover and huge dip in the profitability of the company. However,
trade relations are reported as fair. Business is active. Payments are
reported to be slow. The company can 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) |
|
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 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 : |
No.6/6D, Site No.2/3/4, Vivekanandanagar, Bommanahalli,
Begur Main Road, Hongasandra, Bangalore – 560068, Karnataka, India |
|
Tel. No.: |
91-80-25736511 / 25736513 / 25736517 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Rajkumar Sreenivas Pai |
|
Designation : |
Managing Director |
|
Address : |
No.42, Ramaswamy Layout, New Byapanahalli Extension, |
|
Date of Birth/Age : |
12.03.1964 |
|
Date of Appointment : |
23.04.2008 |
|
DIN No.: |
01726393 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U05190KA2005PLC035984 |
PAI
INTERNATIONAL ELECTRONICS LIMITED |
Managing
director |
15/10/2007 |
04/04/2005 |
Active |
NO |
|
2 |
U74900KA2008PTC046181 |
NAVARATNA
DISTRIBUTORS PRIVATE LIMITED |
Managing
director |
23/04/2008 |
23/04/2008 |
Active |
NO |
|
3 |
U52190KA2009PTC049408 |
DEVI
INTERNATIONAL HOME APPLIANCES PRIVATE LIMITED |
Managing
director |
19/03/2009 |
19/03/2009 |
Active |
NO |
|
Name : |
Mrs. Meena Rajkumar Pai |
|
Designation : |
Director |
|
Address : |
No.42, 4th Cross, Ramaswamy Layout, New Byappana Halli
Extension, Bangalore – 560038, Karnataka, India |
|
Date of Birth/Age : |
30.05.1970 |
|
Date of Appointment : |
23.04.2008 |
|
DIN No.: |
01653949 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U05190KA2005PLC035984 |
PAI INTERNATIONAL
ELECTRONICS LIMITED |
Whole-time
director |
01/04/2006 |
04/04/2005 |
Active |
NO |
|
2 |
U74900KA2008PTC046181 |
NAVARATNA
DISTRIBUTORS PRIVATE LIMITED |
Director |
23/04/2008 |
23/04/2008 |
Active |
NO |
|
Name : |
Mr. Guruprasad Sreenivas Pai |
|
Designation : |
Director |
|
Address : |
No.42, Ramaswamy Layout, New Byapanahalli Extension, |
|
Date of Birth/Age : |
28.01.1959 |
|
Date of Appointment : |
23.04.2008 |
|
DIN No.: |
01726532 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U05190KA2005PLC035984 |
PAI
INTERNATIONAL ELECTRONICS LIMITED |
Whole-time
director |
01/04/2006 |
04/04/2005 |
Active |
NO |
|
2 |
U74900KA2008PTC046181 |
NAVARATNA
DISTRIBUTORS PRIVATE LIMITED |
Director |
23/04/2008 |
23/04/2008 |
Active |
NO |
|
Name : |
Mr. Ajithkumar Sreenivas Pai |
|
Designation : |
Director |
|
Address : |
2-15-1317/4, Srinivas, |
|
Date of Birth/Age : |
18.02.1962 |
|
Date of Appointment : |
23.04.2008 |
|
DIN No.: |
01764673 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U05190KA2005PLC035984 |
PAI
INTERNATIONAL ELECTRONICS LIMITED |
Whole-time
director |
01/04/2009 |
04/04/2005 |
Active |
NO |
|
2 |
U74900KA2008PTC046181 |
NAVARATNA
DISTRIBUTORS PRIVATE LIMITED |
Director |
23/04/2008 |
23/04/2008 |
Active |
NO |
|
Name : |
Mr. Uttam Kumar Pai |
|
Designation : |
Director |
|
Address : |
No.423, Damodhar Krupa, |
|
Date of Birth/Age : |
10.07.1960 |
|
Date of Appointment : |
23.04.2008 |
|
DIN No.: |
01914387 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U05190KA2005PLC035984 |
PAI
INTERNATIONAL ELECTRONICS LIMITED |
Director |
04/04/2005 |
04/04/2005 |
Active |
NO |
|
2 |
U74900KA2008PTC046181 |
NAVARATNA
DISTRIBUTORS PRIVATE LIMITED |
Director |
23/04/2008 |
23/04/2008 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Rajkumar Sreenivas Pai |
|
4980000 |
|
Guruprasad Sreenivas Pai |
|
5000 |
|
Uttam Kumar Pai |
|
5000 |
|
Ajithkumar Sreenivas Pai |
|
5000 |
|
Meena Rajkumar Pai |
|
5000 |
|
Total
|
|
5000000 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
|
GENERAL INFORMATION
|
Suppliers : |
·
Pai International Electronics Limited ·
L.G Electronics India Private Limited ·
Greenply Industries Limited ·
Bharathi Tele Media ·
Green Marketing Services ·
T V Prabhu ·
Tata Teleservices Limited ·
Plylam Enterprises Private Limited ·
3R Distributors ·
Videocon Industries Limited |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
·
Krishna Glass and Plywoods ·
Narain Glass and Plywoods ·
Subramanyeshwara Glass and Plywood ·
Indo Burma Agencies ·
Mani Ply ·
Saraswathi Wood Industries ·
Ranganath Marketing ·
Unique Plywoods ·
Space System and Agencies ·
K.R.Glass And Plywoods ·
Universal Plywoods ·
Rajendra Plywood and Allcentre ·
Akme Harmony |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
·
Ing Vysya Bank Limited, 412,Ground Floor, 100 Ft
Road, 4th Block, Koramangala, Bangalore - 560034, Karnataka, India ·
Syndicate Bank, Indiranagar Branch, 663, Ist Main,
Defence Colony, Indiranagar, Bangalore - 560038, Karnataka, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B N Sudarshan and Company Chartered Accountants |
|
Address : |
386/A, 5th Main, Srinagar, Bangalore – 560050, Karnataka,
India |
|
PAN No.: |
ABVPS3454N |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 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 |
5.000 |
5.000 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
5.416 |
4.597 |
1.802 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
10.416 |
9.597 |
1.902 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
22.108 |
31.586 |
26.000 |
|
|
2] Unsecured Loans |
9.600 |
9.600 |
0.000 |
|
|
TOTAL BORROWING |
31.708 |
41.186 |
26.000 |
|
|
DEFERRED TAX LIABILITIES |
0 .000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
42.124 |
50.783 |
27.902 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.295 |
2.697 |
1.712 |
|
|
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 |
19.311
|
42.623 |
15.818 |
|
|
Sundry Debtors |
17.569
|
15.544 |
12.628 |
|
|
Cash & Bank Balances |
0.188
|
0.688 |
1.820 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Deposits |
0.045
|
0.220 |
0.210 |
|
|
Loans & Advances |
5.174
|
7.653 |
3.973 |
|
Total
Current Assets |
42.287
|
66.728 |
34.449 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.181
|
16.327 |
6.746 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
2.290
|
2.334 |
1.539 |
|
Total
Current Liabilities |
2.471
|
18.661 |
8.285 |
|
|
Net Current Assets |
39.816
|
48.067 |
26.164 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.013 |
0.019 |
0.026 |
|
|
|
|
|
|
|
|
TOTAL |
42.124 |
50.783 |
27.902 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
311.809 |
351.509 |
144.309 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
304.874 |
343.928
|
140.038 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
6.935 |
7.581 |
4.271 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.588 |
3.921 |
1.971 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.347 |
3.660 |
2.300 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.150 |
0.103 |
0.037 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2.197 |
3.557 |
2.263
|
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.379 |
0.762 |
0.461 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.818 |
2.795 |
1.802 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
16.36 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.26
|
0.80 |
1.25 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.93
|
5.12 |
6.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.37 |
1.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.28
|
6.24 |
18.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
17.11
|
3.58 |
4.16 |
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 |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
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 address of the company has been shifted from “No.24,
Ground Floor, Ist A Main Road, Sudhamanagar, Bangalore – 560027, Karnataka,
India” to the present address w.e.f. 16.02.2012.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U74900KA2008PTC046181 |
|
Name of the company |
NAVARATNA DISTRIBUTORS PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
No.6/6D, Site No.2/3/4, Vivekanandanagar, Bommanahalli, Begur Main Road, Hongasandra, Bangalore – 560068, Karnataka, India E-mail id : bnsco@yahoo.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Book debts Floating charge Others (Hypothecation of stocks.) |
|
Particular of charge holder |
Ing Vysya Bank Limited, 412,Ground Floor, 100 Ft Road, 4th Block, Koramangala, Bangalore - 560034, Karnataka, India E-mail Id : cms@companiesinn.com |
|
Nature of instrument creating charge |
Facility Cum Hypothecation Agreement. |
|
Date of instrument Creating the charge |
04/02/2012 |
|
Amount secured by the charge |
Rs.24.000 Millions |
|
Brief of the principal terms an conditions and extent and operation of the charge |
Rate of Interest ODSIT/BD : IVBR+1.55% Terms of Repayment ODSIT/BD : On Demand Margin ODSIT/BD : 25% on paid stocks and 30% on book debts up to 90 days. Extent and Operation of the charge First charge on stocks and book debts of the company. |
|
Short particulars of the property or asset(s) charged (including complete address and location of the property) |
All kinds of Electronic Goods which are already stored and to be stored from time to time in that shop premises bearing No.6/6D-2/3/4,Vivekananda Nagar, Begur Main Road, Bommanahalli, Hongasandra, Bangalore - 560068. All the book debts of the company from time to time. |
FIXED ASSETS:
· Computers
· UPS and Batteries
· Office Equipments
· Office Interiors
· Furniture and Fixtures
· Tata Ace Vehicle
· Mobile Instrument
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.52.21 |
|
|
1 |
Rs.84.00 |
|
Euro |
1 |
Rs.67.75 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
28 |
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.