1. Summary Information
|
|
|
Country |
|
|
Company Name |
INDRAYANI SALES PRIVATE LIMITED |
Principal Name 1 |
Mr. Rahul Maruti Zine |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Prashant Maruti Zine |
|
|
|
Registration # |
11-155147 |
|
Street Address |
3/128, Rahul Mittal Industrial Estate, Andheri-Kurla
Road, Mumbai – 400059, Maharashtra |
||
|
Established Date |
05.08.2005 |
SIC Code |
-- |
|
Telephone# |
91-22-40404040 (100 lines) |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-40404242 |
Business Style 2 |
Importer |
|
Homepage |
Product Name 1 |
Laser Toner Cartridge |
|
|
# of employees |
80 (Approximately) |
Product Name 2 |
Chemical Toner Powder |
|
Paid up capital |
Rs.5,000,000/- |
Product Name 3 |
Wiper Plate |
|
Shareholders |
Directors or relatives of directors 100.00% |
Banking |
Punjab National
Bank |
|
Public Limited Corp. |
NO |
Business Period |
07 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (44) |
|
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 |
39,370,000 |
Current Liabilities |
14,175,000 |
|
Inventories |
47,671,000 |
Long-term Liabilities |
77,899,000 |
|
Fixed Assets |
23,316,000 |
Other Liabilities |
0,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
92,074,000 |
|
Invest& other Assets |
430,000 |
Retained Earnings |
13,713,000 |
|
|
|
Net Worth |
18,713,000 |
|
Total Assets |
110,787,000 |
Total Liab. & Equity |
110,787,000 |
|
Total Assets (Previous Year) |
87,115,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
186,050,000 |
Net Profit |
5,753,000 |
|
Sales(Previous yr) |
133,160,000 |
Net Profit(Prev.yr) |
4,292,000 |
MIRA
INFORM REPORT
|
Report Date : |
04.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
INDRAYANI SALES PRIVATE LIMITED |
|
|
|
|
Registered Office : |
3/128, Rahul Mittal Industrial Estate, Andheri-Kurla
Road, Mumbai – 400059, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
05.08.2005 |
|
|
|
|
Com. Reg. No.: |
11-155147 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs.5.000 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U51909MH2005PTC155147 |
|
|
|
|
IEC No.: |
0305088840 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMI07069G MUMI07578E |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AABCI3891F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of Cartridge. (Importer of Laser Toner Cartridge,
Chemical Toner Powder, OPC Drum, Wiper Plate, Primary Magnetic Roller and
Printer Chips. Ink.) |
|
|
|
|
No. of Emplyees: |
80 (Approximately) (In office-25, in factory -45 and in branches -10) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 75000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade relations
are reported as fair. Business is active. Payments are reported to be usually
correct and as per commitments. Company can be considered normal 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
LONG TERM : CRISIL B+ |
|
Rating Explanation |
This rating are considered to have high risk of default regarding
timely servicing of financial obligation
|
|
Date |
29.09.2011 |
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 : |
3/128, Rahul Mittal Industrial Estate, Andheri-Kurla
Road, Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-40404040 (100 lines) |
|
Fax No.: |
91-22-40404242 |
|
E-Mail : |
|
|
Web site: |
|
|
s |
|
|
Factory : |
Plot No. N-1/1 and 1/2 , Additional Patalganga Industrial Area, MIDC,
Raigad – 410220, Maharashtra, India |
|
Tel No.: |
91-22-40404040 |
|
Fax No.: |
91-22-40404242 |
|
Area : |
20000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
4226/1, Gali No 14, Ansari Road, Darya Ganj, Delhi 110002, India |
|
Tel. No.: |
91-11-43583040 |
|
E-Mail : |
|
|
Area : |
1000 sq. ft. |
|
Location : |
Rented |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Rahul Maruti Zine |
|
Designation : |
Director |
|
Address : |
Plot No.2, Shreeram Colony, Sandesh Nagar, Vasant Tekadi, Ahmednagar –
414003, Maharashtra, India |
|
Date of Birth/Age : |
25.12.1976 |
|
Qualification : |
MBA |
|
Date of Appointment: |
05.08.2005 |
|
DIN No.: |
01630016 |
Other Directorship:
|
Name : |
Mr. Prashant Maruti Zine |
|
Designation : |
Director |
|
Address : |
Archana Bunglow, Sandesh Nagar, Vasant Tekadi, Ahmednagar – 414 003, |
|
Date of Birth/Age : |
04.08.1973 |
|
Qualification : |
B. Sc (Chem.) |
|
Date of Appointment: |
05.08.2005 |
|
DIN No.: |
02061433 |
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 |
U92110MH2002PTC134714 |
VIGNAHARTHA
ENTERTAINMENT PRIVATE LIMITED |
Director |
29/01/2002 |
29/01/2002 |
Active |
NO |
|
2 |
U51909MH2005PTC155147 |
INDRAYANI
SALES PRIVATE LIMITED |
Director |
05/08/2005 |
05/08/2005 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2011
|
Names of Shareholders |
|
No. of Shares |
|
Rahul Maruti Zine |
|
396000 |
|
Prashant Maruti Zine |
|
37500 |
|
Bhagyshree Shashikant Mahawarkar |
|
66500 |
|
Total |
|
500000 |
List of Allottees
As on 31.03.2012
|
Names of Allottees |
|
No. of Shares
Allotted |
|
Rahul Maruti Zine |
|
1050000 |
|
Prashant Maruti Zine |
|
112500 |
|
Bhagyshree Shashikant Mahawarkar |
|
337500 |
|
Total |
|
1500000 |
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Cartridge. (Importer of Laser Toner Cartridge, Chemical
Toner Powder, OPC Drum, Wiper Plate, Primary Magnetic Roller and Printer
Chips. Ink.) |
GENERAL INFORMATION
|
No. of Employees : |
80 (Approximately) (In office-25, in factory -45 and in branches -10) |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
Punjab National Bank, SEEPZ Branch, SEEPZ, Andheri (East), Mumbai
400096, Maharashtra, |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S.S. Gurav and Associates Chartered Accountants |
|
Address : |
D 2/ 507, Haria Dream Park, Mira Bhayender, Mira Road, Thane,
Maharashtra, India |
|
Mobile No.: |
91-9223538157 |
|
E-Mail : |
|
|
PAN No.: |
AADPG4613L |
CAPITAL STRUCTURE
After 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 Millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- 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 |
5.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
13.713 |
7.960 |
3.668 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
18.713 |
12.960 |
8.668 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
58.388 |
27.477 |
19.841 |
|
|
2] Unsecured Loans |
19.511 |
17.203 |
7.322 |
|
|
TOTAL BORROWING |
77.899 |
44.680 |
27.163 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
96.612 |
57.640 |
35.831 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
23.316 |
9.675 |
2.685 |
|
|
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 |
47.671
|
25.320
|
15.948
|
|
|
Sundry Debtors |
30.572
|
37.349
|
27.972
|
|
|
Cash & Bank Balances |
0.105
|
0.102
|
0.338
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
8.693
|
13.808
|
3.546
|
|
Total
Current Assets |
87.041
|
76.579
|
47.804
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
12.873
|
21.099
|
10.204 |
|
|
Other Current Liabilities |
1.302
|
8.376
|
4.454
|
|
|
Provisions |
0.000
|
0.000
|
0.000
|
|
Total
Current Liabilities |
14.175
|
29.475
|
14.658
|
|
|
Net Current Assets |
72.866
|
47.104
|
33.146
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.430 |
0.861 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
96.612 |
57.640 |
35.831 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
186.050 |
133.160 |
79.648 |
|
|
|
Other Income |
0.114 |
0.221 |
0.720 |
|
|
|
TOTAL (A) |
186.164 |
133.381 |
80.368 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
143.135 |
99.157 |
|
|
|
|
Employees Remuneration and
Benefits |
12.680 |
9.633 |
|
|
|
|
Administrative Overheads |
6.662 |
5.821 |
|
|
|
|
Selling Overheads |
8.928 |
8.176 |
|
|
|
|
TOTAL (B) |
171.405 |
122.787 |
73.262 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
14.759 |
10.594 |
7.106 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.528 |
3.746 |
2.048 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
8.231 |
6.848 |
5.058 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.118 |
0.975 |
0.599 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
7.113 |
5.873 |
4.459 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.360 |
1.581 |
1.486 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
5.753 |
4.292 |
2.973 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7.960 |
3.668 |
0.695 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
13.713 |
7.960 |
3.668 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
11.506 |
8.58 |
5.94 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.09
|
3.22
|
3.70 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.82
|
4.41
|
5.60 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.03
|
6.81
|
8.83 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.38
|
0.45
|
0.51 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.92
|
5.72
|
4.82 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.14
|
2.60
|
3.26 |
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
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 |
TURNOVER:
During the year company achieved a turnover to Rs. 186.164 Millions and recorded a net profit before tax of Rs. 7.113 Millions
WORKING RESULTS
During the year after providing for Depreciation of Rs. 1.119 Millions (previous year of Rs.0.975 Million} the company made profit before tax of Rs. 7.113 Millions {previous year of Rs. 5.874 Millions) after providing for taxation of Rs.1.360 Millions (previous year-of Rs. 1.582 Millions) the balance profit of Rs. 5.753 Millions is carried to Balance sheet. The directors are making their effort to improve future the Profitability of the company during the year to follow.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10086952 |
|
Corporate
identity number of the company |
U51909MH2005PTC155147 |
|
Name of the
company |
INDRAYANI SALES
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
6/16, Sanjay Mittal Industrial Estate, Andheri-Kurla Road, Andheri
East, Mumbai-400059, Maharashtra, India. E-mail Id : rahul@printit.co.in
|
|
Type of charge |
Immovable property Any interest in immovable property |
|
Particular of
charge holder |
Punjab National Bank, SEEPZ Branch, SEEPZ, Andheri (East), Mumbai
400096, Maharashtra, |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
Letter of
continuity (letter of deposit of title deed to secure bank for Rs.101.098 Millions (overall ceiling)
(enhanced) Hypothecation of
moveable assets forming part of fixed/ block assets for Rs.80.000 Millions Hypothecation of
goods and book debts to secure cash credit facilities for Rs.80.000 Millions
(enhanced) (all the above
documents constitute single charge of Rs.101.098 Millions) |
|
Date of
instrument Creating the charge |
26.04.2012 |
|
Amount secured by
the charge |
Rs.101.098
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 3.50% p.a. over
prevailing base rate presently 10.50% p.a. i.e. 14.00% p.a. Terms of
Repayment As per sanction
letter Margin Book Debts-40% Stocks -25% Extent and
Operation of the charge Rs.101.098
Millions and operation of 1st and exclusive charge on entire hypothecated
movable fixed assets as detailed in the deed and entire hypothecated current
assets including book debts and stocks of the company and also extended
charge on immovable properties. |
|
Short particulars
of the property charged |
Entire movable
fixed assets of the company, present and future Entire
hypothecated current assets including book debts and stocks of the company
and also extended charge on immovable properties |
|
Date of last modification prior to the present modification |
24.12.2011 |
|
Particulars of
the present modification |
By this
submission of modification, the company has created and extended exclusive
charge on the entire hypothecated movable fixed assets, present and future
and entire hypothecated current assets including book debts and stocks also
extended charge on immovable property at Plot No.N1/1 and Plot No.N1/2, at
addl Patalganga Industrial Area to secure bank for Rs. 101.098 Millions
(enhanced). |
Fixed Assets:
- Computer Systems
- Furniture and Fixtures
- Machinery
- Motor Vehicles
- Air Conditioners
- Telephone Systems
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.55.45 |
|
|
1 |
Rs.87.98 |
|
Euro |
1 |
Rs.69.70 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
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 |
|
44 |
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.