MIRA INFORM REPORT
|
Report Date : |
11.10.2012 |
Summary Information
|
Country |
|
||
|
Company Name |
RATIONAL BUSINESS CORPORATION PRIVATE LIMITED |
Principal Name 1 |
Mr. Ashish Gupta |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Ashok Gupta |
|
Registration # |
55-041196 |
||
|
Street Address |
Bahalgarh Chowk, Delhi Sonepat Road, Sonepat, Haryana – 131001,
Punjab, India |
||
|
Established Date |
10.01.2006 |
SIC Code |
-- |
|
Telephone# |
91-11-42563500/27463400 |
Business Style 1 |
Manufacture |
|
Fax # |
91-11-42563599 |
Business Style 2 |
Supply |
|
Homepage |
Product Name 1 |
Office Stationery |
|
|
# of employees |
Not Available |
Product Name 2 |
Allied Products |
|
Paid up capital |
Rs. 53,396,000/- |
Product Name 3 |
Computer Hardware |
|
Shareholders |
Directors or
relatives of Directors – 100% |
Banking |
Punjab National
Bank |
|
Public Limited Corp. |
NO |
Business Period |
6 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (46) |
|
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 |
171,625,000 |
Current Liabilities |
75,698000 |
|
Inventories |
151,755,000 |
Long-term Liabilities |
317,589000 |
|
Fixed Assets |
239,335,000 |
Other Liabilities |
16,551000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
409,838000 |
|
Invest& other Assets |
23,00,000 |
Retained Earnings |
101,781000 |
|
|
|
Net Worth |
155,177000 |
|
Total Assets |
565,015,000 |
Total Liab. & Equity |
565,015,000 |
|
Total
Assets (Previous Year) |
399,211,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
114,492,2000 |
Net Profit |
10,014,000 |
|
Sales(Previous yr) |
1082,466,000 |
Net Profit(Prev.yr) |
19,071,000 |
|
|
|
IDENTIFICATION DETAILS
|
Name : |
RATIONAL BUSINESS CORPORATION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Bahalgarh Chowk, Delhi Sonepat Road, Sonepat, Haryana – 131001, Punjab
|
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
10.01.2006 |
|
|
|
|
Com. Reg. No.: |
55-041196 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 53.396 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21017HR2006PTC041196 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELR12309D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacture and
supply of complete range of Office Stationery and Allied Products and
Computer Hardware and Peripherals. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 600000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. There appears
some dip in the profitability of the company during 2011. However, trade relations are reported as fair. Business is active.
Payments are reported to be usually correct. The company can be considered normal for business dealing 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
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
SE 1B |
|
Rating Explanation |
Highest Performance Capability and Moderate
Financial Strength |
|
Date |
December 2009 |
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 : |
Bahalgarh Chowk, Delhi Sonepat Road, Sonepat, Haryana – 131001,
Punjab, India |
|
Tel. No.: |
91-11-42563500/27463400 |
|
Fax No.: |
91-11-42563599 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
N-10, Satyawati Nagar, Ashok Vihar, phAse 3, new Delhi, India |
|
E-Mail : |
|
|
|
|
DIRECTORS
As on: 31.03.2011
|
Name : |
Mr. Ashish Gupta |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
B-26, Satyawati Nagar, Delhi – 110052, Delhi, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.02.1974 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
10.01.2006 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00023146 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ashok Gupta |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
B-26, Satyawati Nagar, Delhi – 110052, Delhi, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
04.09.1968 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
10.01.2006 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00023505 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 22.09.2011
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Ashish Radheyshyam Gupta |
|
29800 |
|
Ashok Radheyshyam Gupta |
|
29800 |
|
Anubha Radheyshyam Gupta |
|
55000 |
|
|
|
|
|
Total |
|
114600 |
|
Names of Shareholder (Preference
Shares) |
|
No. of Shares |
|
Anubha Radheyshyam Gupta |
|
522500 |
|
Total |
|
522500 |
Equity Share Break up (Percentage of Total Equity)
As on: 22.09.2011
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture and supply
of complete range of Office Stationery and Allied Products and Computer
Hardware and Peripherals. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS 31.03.2011
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity* |
Actual
Production |
|
Computer Stationary |
Packet |
NA |
1200000 |
981626 |
|
Labels |
Packet |
NA |
500000 |
668783 |
|
|
|
|
|
|
* Installed Capacity is as certified by the
officials of the company and relied upon by the Auditors, being a technical
matter.
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
· Indusind Bank Limited, Dr. Gopal Das Bhawan, 28 Barakhamba Road, New Delhi - 110001, Delhi, India · Standard Chartered Bank, 10, Parliament Street, New Delhi - 110001, Delhi, India · Punjab National Bank, Wazirpur Branch, Ashok Vihar, Delhi - 110052, Delhi, India ·
HDFC Bank Limited · Kotak Mahindra Bank |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|||||||||||||||||||||||||||||||||
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Pankaj Jindal And Company Chartered Accountants |
|
Address : |
11/10, Iind Floor, Shakti Nagar, Delhi – 110007, Delhi, India |
|
PAN No.: |
ABVPJ5532A |
|
|
|
CAPITAL STRUCTURE
As on: 22.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,0000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
700,000 |
Preference Shares |
Rs. 100/-
each |
Rs. 70.000
Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 80.000 Milions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
114,600 |
Equity Shares |
Rs.10/- each |
Rs. 1.146
Millions |
|
522,500 |
Preference Shares |
Rs. 100/- each |
Rs. 52.250
Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 53.396 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 |
53.396 |
53.396 |
53.396 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
101.781 |
93.120 |
75.411 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
155.177 |
146.516 |
128.807 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
262.591 |
141.905 |
81.425 |
|
|
2] Unsecured Loans |
54.998 |
20.827 |
19.426 |
|
|
TOTAL BORROWING |
317.589 |
162.732 |
100.851 |
|
|
DEFERRED TAX LIABILITIES |
1.098 |
0.859 |
0.959 |
|
|
|
|
|
|
|
|
TOTAL |
473.864 |
310.107 |
230.617 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
239.335 |
79.313 |
77.493 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
2.300 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
151.755
|
137.379
|
123.600 |
|
|
Sundry Debtors |
150.732
|
143.682
|
152.188 |
|
|
Cash & Bank Balances |
7.367
|
7.515
|
9.345 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
13.526
|
31.297
|
30.012 |
|
Total
Current Assets |
323.380
|
319.873
|
315.145 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
59.636
|
69.218
|
152.752 |
|
|
Other Current Liabilities |
16.062
|
0.489
|
0.641 |
|
|
Provisions |
15.453
|
19.397
|
8.770 |
|
Total
Current Liabilities |
91.151
|
89.104
|
162.163 |
|
|
Net Current Assets |
232.229
|
230.769
|
152.982 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.025 |
0.142 |
|
|
|
|
|
|
|
|
TOTAL |
473.864 |
310.107 |
230.617 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1144.922 |
1082.466 |
1020.701 |
|
|
|
Other Income |
NA |
2.205 |
7.375 |
|
|
|
TOTAL (A) |
NA |
1084.671 |
1028.076 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material |
|
807.917 |
802.989 |
|
|
|
Manufacturing Expenses |
|
55.129 |
51.904 |
|
|
|
Payments to and Provisions For Employee |
|
53.240 |
46.700 |
|
|
|
Selling and Administrative Expenses |
|
111.638 |
91.791 |
|
|
|
Preliminary Expenses |
|
0.118 |
0.118 |
|
|
|
TOTAL (B) |
NA |
1028.042 |
993.502 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
56.629 |
34.574 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
15.850 |
16.574 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
40.779 |
18.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
11.064 |
9.757 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
17.527 |
29.715 |
8.243 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
7.511 |
10.644 |
4.299 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
10.014 |
19.071 |
3.944 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend – Equity Shares |
NA |
0.115 |
0.115 |
|
|
|
- Preference Shares |
NA |
1.045 |
1.045 |
|
|
|
Corporate tax on proposed Dividend |
NA |
0.197 |
0.197 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
17.714 |
2.587 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Traveling |
|
1.150 |
0.629 |
|
|
|
Consultation |
|
0.449 |
0.536 |
|
|
|
Conveyance |
|
0.045 |
0.230 |
|
|
TOTAL EARNINGS |
NA |
1.644 |
1.395 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
113.062 |
46.541 |
33.507 |
|
|
|
Finished Goods |
77.457 |
332.061 |
240.554 |
|
|
|
Capital Goods |
1.561 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
182.080 |
378.602 |
274.061 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
78.26 |
155.75 |
23.74 |
|
|
|
Diluted |
1.64 |
3.57 |
0.74 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA |
1.76
|
0.38 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.53 |
2.75
|
0.81 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.12 |
7.44
|
2.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.20
|
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.63 |
1.72
|
2.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.55 |
3.59
|
1.94 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
--- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
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 |
Yes |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U21017HR2006PTC041196 |
|
Name of the
company |
RATIONAL BUSINESS CORPORATION PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Bahalgarh Chowk, Delhi Sonepat Road, Sonepat, Haryana – 131001,
Punjab, India |
|
This form is for |
Modification
of charge |
|
Type of charge |
|
|
Particular of
charge holder |
Indusind Bank Limited, Dr. Gopal Das Bhawan, 28 Barakhamba Road, New Delhi - 110001, Delhi, India |
|
Nature of instrument
creating charge |
Memorandum of
Entry for Deposit of Title Deed dated 14th September 2012 |
|
Date of
instrument Creating the charge |
14.09.2012 |
|
Amount secured by
the charge |
Rs. 125.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest: As may be
stipulated by the Bank from time to time Terms of Repayment: As may be
stipulated by the Bank from time to time Margin : As may be stipulated
by the Bank from time to time Extent and operation of the charge First Pari Passu
charge by way of hypothecation of entire Current Assets including book debts
of the company both present and future the following credit facilities: Cash
Credit of Rs. 100.000 Millions, WCDL – 80.000 Millions (sublimit of CC
Limit), LC – 25.000 Milions, LC -
25.000 Millions (sublimit of CC limit), Buyer's Credit – 50.000 Millions
(sublimit of CC limit) |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
First Pari Passu
charge by way of hypothecation of entire Current Assets including Book Debts
of the company both present and future. |
|
Particulars of
the present modification |
The overall
credit facilities of Rs. 125.000 Millions has been additionally secured by
Equitable Mortgage on Land and building constructed on freehold plot no. 25,
in block No. E measuring 500.5 Sq. Yds Village Haiderpur, G. T. Karnal Road,
Delhi in SMA Cooperative Industrial Estate Limited., having Registered. Office at
1171, S P Mukherjee Marg, Del |
PERFORMANCE REVIEW
The overall sales turnover of the company for the period 01.04.2010 to 31.03.2011 stood at Rs.1144.922. The company profit before tax for the above period was Rs.17.527. The directors and the management of the company are hopeful of showing better results in the next year. The company continues to focus on its main business of computer stationery, signage, flex and related products and enjoys a leadership position in India. During the year the company launched many new products.
CONTINGENT
LIABILITIES
(Disclosed in terms of AS-29 issued by ICAI which becomes mandatory with effect from 01.04.2004)
Claims against the company not acknowledged as debts:
- Bank Guarantees issued by banks on behalf of the company Rs. 2.950 Millions
- In respect of Letters of Credit Rs. 34.385 Millions
- In respect of Sales Tax under Appeal
o Central Sales Tax Rs. NIL
o Local Sales Tax Rs. NIL
- Estimated Amount of contract remaining to be executed on capital Account Rs. Nil
FIXED ASSETS:
- Computers
- Furniture and Fixtures
- Land
- Building Others
- Building Factory
- Office Equipment
- Plant and Machinery
- Support Equipments
- Vehicles others
- Vehicle Commercial
- Goodwill
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 |
52.38 |
|
|
1 |
84.00 |
|
Euro |
1 |
67.99 |
INFORMATION DETAILS
|
Report Prepared
by : |
UDS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
46 |
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.