1. Summary Information
|
|
|
Country |
|
|
Company Name |
SANTOSH LIMITED |
Principal Name 1 |
Mr. Gouthamchand Sohanlal Chowdhary |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Mahavirbhai Sohanlal Chowdhary |
|
|
|
Registration # |
04-014671 |
|
Street Address |
202, Karma
Complex, Opposite Mahalaxmi Municipal Market, Mahalaxmi Char Rasta Paldi,
Ahmedabad – 380 007, |
||
|
Established Date |
20.11.1990 |
SIC Code |
-- |
|
Telephone# |
91-79-26651819/
26651800/ 26651900/ 26652700/ 26652900 |
Business Style 1 |
Manufacturer |
|
Fax # |
91- 79-26652900 |
Business Style 2 |
Exporter |
|
Homepage |
-- |
Product Name 1 |
Starch |
|
# of employees |
Not Available |
Product Name 2 |
Modified Starches |
|
Paid up capital |
Rs.15,000,000/- |
Product Name 3 |
Liquid Glucose |
|
Shareholders |
Bodies corporate – 15% Directors or relatives of Directors – 85% |
Banking |
The Karur Vysya Bank
Limited |
|
Public Limited Corp. |
No |
Business Period |
22 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba
(46) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates |
- |
Santosh
Starch Products Limited |
- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
88,876,000 |
Current Liabilities |
36,400,000 |
|
Inventories |
53,431,000 |
Long-term Liabilities |
114,815,000
|
|
Fixed Assets |
93,064,000 |
Other Liabilities |
0 |
|
Deferred Assets |
0 |
Total Liabilities |
151,215,000 |
|
Invest& other Assets |
1,010,000 |
Retained Earnings |
70,166,000 |
|
|
|
Net Worth |
85,166,000 |
|
Total Assets |
236,381,000 |
Total Liab. & Equity |
236,381,000 |
|
Total Assets (Previous Year) |
243,102,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
682,917,000 |
Net Profit |
24,948,000 |
|
Sales(Previous yr) |
498,067,000 |
Net Profit(Prev.
yr) |
9,394,000 |
MIRA INFORM REPORT
|
Report Date : |
11.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
SANTOSH LIMITED (September 2011) |
|
|
|
|
Formerly Known
As : |
SANTOSH MAIZE AND INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
202, Karma Complex, Opposite Mahalaxmi Municipal Market, Mahalaxmi
Char Rasta Paldi, Ahmedabad – 380 007, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
20.11.1990 |
|
|
|
|
Com. Reg. No.: |
04-014671 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.15.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999GJ1990PLC014671 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMS01592D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS8732N |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Starch, Modified Starches, Liquid Glucose
etc. |
|
|
|
|
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 340000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a established company having satisfactory track record. Trade
relation are reported to be fair. Business is active. Payment are reported to
be usually correct and as per commitment. The company can be considered for business dealing at usual trade
terms and condition. |
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 : |
202, Karma Complex, Opposite Mahalaxmi Municipal Market, Mahalaxmi
Char Rasta Paldi, Ahmedabad – 380 007, Gujarat, India |
|
Tel. No.: |
91-79-26651819/ 26651800/ 26651900/ 26652700/ 26652900 |
|
Fax No.: |
91- 79-26652900 |
|
E-Mail : |
|
|
|
|
|
Marketing Office : |
21, Ayyaswamy Chetty Road, Shevapet, Salem – 636 002, Tamil Nadu,
India |
|
Tel. No.: |
91-427-2213801 |
|
Fax No.: |
91-427-2213802 |
|
|
|
|
Factory : |
135/1, “ Santosh Nagar”, Taluka: Rasipuram, District: Namakkal, Post: Mangalapuram
– 636 202, Tamil Nadu, India |
|
Tel. No.: |
91-4287-245601/ 245602/ 245603 |
|
Fax No.: |
91-4287-245254 |
|
E-Mail : |
works@santoshlimited.com |
DIRECTORS
As on 21.09.2011
|
Name : |
Mr. Mahavirbhai Sohanlal Chowdhary |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
3B, Mahaveer Society, Paldi, Ahmedabad – 380 007, Gujarat, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.07.1963 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
20.11.1990 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00196648 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sohanlal Lalchand Chowdhary |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
3B, Mahaveer Society, Paldi, Ahmedabad – 380 007, Gujarat, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
19.01.1937 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
20.11.1990 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00200097 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Sumanth Chowdhary |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Executive Director |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Shriaknt M Chowdhary |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Executive Director |
||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 21.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Shri Sohanlal Chowdhary |
|
110000 |
|
Shri Gautam Chowdhary |
|
119996 |
|
Shri Mahaveer Chowdhary |
|
140004 |
|
Shri Ranidevi Chowdhary |
|
91000 |
|
Smt. Manjudevi Chowdhary |
|
110000 |
|
Smt. Gulabdeve Chowdhary |
|
149000 |
|
Shreyans G. Chowdhary |
|
130000 |
|
Shreekant M. Chowdhary |
|
130000 |
|
Sumati M. Chowdhary |
|
130000 |
|
Sambhav G. Chowdhary |
|
170000 |
|
Santosh Starch Limited |
|
220000 |
|
Total |
|
1500000 |
Equity Share Break up (Percentage of Total Equity)
As on 21.09.2011
|
Category |
Percentage |
|
Bodies corporate |
15.00 |
|
Directors or relatives of Directors |
85.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Starch, Modified Starches, Liquid Glucose
etc. |
||||||||||||
|
|
|
||||||||||||
|
Products : |
|
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
Qty (M.T) |
|
Liquid Glucose |
4383.455 |
|
Maize Starch |
14626.369 |
|
Modified Starches |
7525.650 |
|
By Products |
18735.000 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
The Karur Vysya Bank Limited, 400, Main Road, Shevapet, Salem – 636
002, Tamil Nadu, India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V. Shridharan Chartered Accountants |
|
Address : |
1, Third Cross, N.M. Extension, Salem – 636007, Tamil Nadu, India |
|
PAN No.: |
ADQPS5877A |
|
|
|
|
Associates: |
·
Santosh Starch Products Limited ·
Santosh Starch Limited |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3500000 |
Equity Shares |
Rs.10/- each |
Rs.35.000 Millions |
|
1500000 |
Preference Shares |
Rs.10/- each |
Rs.15.000 Millions |
|
|
Total |
|
Rs.50.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 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 |
15.000 |
15.000 |
15.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
70.166 |
45.063 |
35.669 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
85.166 |
60.063 |
50.669 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
67.943 |
59.932 |
69.654 |
|
|
2] Unsecured Loans |
46.872 |
100.064 |
73.555 |
|
|
TOTAL BORROWING |
114.815 |
159.996 |
143.209 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
199.981 |
220.059 |
193.878 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
93.064 |
89.199 |
94.415 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.010 |
1.010 |
1.250 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
53.431
|
64.760 |
63.734 |
|
|
Sundry Debtors |
67.742
|
73.976 |
35.841 |
|
|
Cash & Bank Balances |
0.759
|
0.676 |
0.466 |
|
|
Other Current Assets |
19.963
|
13.324 |
8.179 |
|
|
Loans & Advances |
0.412
|
0.157 |
0.086 |
|
Total
Current Assets |
142.307
|
152.893 |
108.306 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
15.127
|
9.256 |
6.593 |
|
|
Other Current Liabilities |
6.473
|
5.276 |
3.090 |
|
|
Provisions |
14.800
|
8.511 |
0.410 |
|
Total
Current Liabilities |
36.400
|
23.043 |
10.093 |
|
|
Net Current Assets |
105.907
|
129.850 |
98.213 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
199.981 |
220.059 |
193.878 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
682.917 |
498.067 |
325.435 |
|
|
|
Other Income |
1.210 |
0.746 |
1.519 |
|
|
|
TOTAL (A) |
684.127 |
498.813 |
326.954 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
435.147 |
328.174 |
202.480 |
|
|
|
Purchase made for re-sale |
0.000 |
0.000 |
14.698 |
|
|
|
Consumption of stores and spare parts |
12.587 |
10.985 |
10.082 |
|
|
|
(Increase) or Decrease in finished goods |
0.000 |
0.000 |
1.450 |
|
|
|
Salaries, wages and bonus |
30.903 |
25.493 |
19.121 |
|
|
|
Managerial remuneration |
4.200 |
1.200 |
1.200 |
|
|
|
Payment of Auditors |
0.040 |
0.040 |
0.040 |
|
|
|
Insurance expenses |
0.309 |
0.473 |
0.858 |
|
|
|
Power and fuel |
66.265 |
53.443 |
33.208 |
|
|
|
Other expenditure |
79.120 |
43.470 |
23.957 |
|
|
|
TOTAL (B) |
628.571 |
463.278 |
307.094 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
55.556 |
35.535 |
19.860 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.766 |
12.166 |
9.917 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
46.790 |
23.369 |
9.943 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
8.542 |
7.975 |
7.468 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
38.248 |
15.394 |
2.475 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
13.300 |
6.000 |
0.410 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
24.948 |
9.394 |
2.065 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
5.710 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
16.74 |
6.26 |
1.39 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.65
|
1.88 |
0.63 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.60
|
3.09 |
0.76 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.25
|
6.36 |
1.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.45
|
0.06 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.77
|
3.05 |
3.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.91
|
6.64 |
10.73 |
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 |
Yes |
|
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 |
No |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U74999GJ1990PLC014671 |
|
Name of the company |
SANTOSH LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
202, Karma Complex, Opposite Mahalaxmi Municipal Market, Mahalaxmi
Char Rasta Paldi, Ahmedabad – 380 007, Gujarat, India Email: admin@santoshlimited.com
|
|
This form is for |
Creation of charge |
|
Type of charge |
·
Immovable property ·
Movable property (not being pledge) ·
Existing and Future Plant And Machinary |
|
Particular of charge holder |
Karur Vysya Bank Limited, 400, Main Road, Shevapet, Salem – 636 002,
Tamil Nadu, India Email: shevapet@kvbmail.com |
|
Nature of instrument creating charge |
machinery loan agreement cum extention of equitable mortgage |
|
Date of instrument Creating the charge |
08.05.2012 |
|
Amount secured by the charge |
Rs.50.000 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest
ROI: 13.00% (Floating) which is 1.75% over and above The Base Rate
(i.e. 11.25%) Terms of
Repayment 36 Equal Installments of Rs. 16,84,698 after holiday period of 18
months Margin 25% Extent and
Operation of the charge First and exclusive Charge on machineries which is proposed to be
purchased and for which loan is availed by the company, more particularly
attached here with as an Annexure - A (List of Machineries proposed to be
purchased) And also EM charge on Land and Factory Building properties measuring
about 12.36 acres situated at Survey Nos. 133/1, 133/2, 135/1, 135/3, 24/2
and 24/1, Mangalapuram, Rasipuram Taluk. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Maize Cleaning Machine, Sulfer Water Preparation Machine, Maize
Stapping Machine, more particularly attached here with as an Annexure - A
(List of Machineries proposed to be purchased) Starch Dissolving Tanks 2 Nos, Starch Settling Tanks - 4 Nos, Starch
Milk Hydrolisation wodden tanks - 2 Nos, elaborately attached here with as an
Annexure - B (List of Existing Machineries) Land admeasuring 6.68 acres and factory building situated at SF No.
133/1 & 135/1, 135/3 & 133/2, Mangalapuram, Rasipuram Taluk and Vacant land admeasuring 5.68 acres
situated at RS No. 23/2 & 24/1 Mangalapuram, Rasipuram Taluk |
OPERATIONS:
As in earlier years the company has achieved substantial increase in operations
compared to preceding financial years. The economy of the country is bright and
the company is also increasing its economical and industrial health and running
in consonance with the industry which is shining sign of the future of the
company.
FIXED ASSETS:
·
Land
·
Factory Building
·
Plant and Machinery
·
Vehicles
·
Office Equipment
(Including Computer)
·
Furniture
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] 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.55.34 |
|
|
1 |
Rs.88.50 |
|
Euro |
1 |
Rs.70.74 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
|
|
|
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 |
6 |
|
--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 |
|
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.