|
Report Date : |
24.09.2012 |
|
|
|
IDENTIFICATION DETAILS
|
Name : |
DSL MARKETING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C/6, 103 -104, Kanchan Pushpa Complex, Kavesshar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
07.04.1999 |
|
|
|
|
Com. Reg. No.: |
11-119311 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs.2.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1999PTC119311 |
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and importer of
lubricants and industrial lubricants. |
|
|
|
|
No. of Employees: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 55000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Financial
performance of the company appears to be good. Trade relations 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 normal 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.
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
NSIC CRISIL |
|
Rating |
SE2A |
|
Rating Explanation |
It means performance capacity and financial
strength of the company is high. |
|
Date |
February 2012 |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Mahesh |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-25970125 |
|
Date : |
22.09.2012 |
LOCATIONS
|
Registered Office : |
C/6, 103 -104, Kanchan Pushpa Complex, Kavesshar, |
|
Tel. No.: |
91-22-25970125/26 |
|
Fax No.: |
91-22-25970127 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Warehouse : |
Located at Bhiwandi |
|
|
|
|
Branch Office : |
Flat No.20, Indralok, Above Vijaya Bank, Opposite Ashwamegh Auto Pune
– Satara Road, Pune -411037, Maharashtra, India |
|
|
|
|
Stock point: |
F- 6, Opposite Laxmi Bahrat Garage, Mayashri Comapound, Purna Village,
Bhiwandi, Pune, Maharashtra, India |
|
|
|
|
Sales and Service Location: |
Located at ·
·
·
Mumbai ·
Pune ·
·
·
·
Kolkata ·
Hospet ·
·
Chennai ·
|
DIRECTORS
As on 26.09.2011
|
Name : |
Mr. Bishnu Charan Samanta Singhar |
|
Designation : |
Director |
|
Address : |
43/B/12, Brindawan Society, Thane (West), Thane – 400601, Thane, |
|
Date of Birth/Age : |
05.07.1950 |
|
Date of Appointment : |
07.04.1999 |
|
Din No.: |
00896619 |
|
|
|
|
Name : |
Mrs. Indira Samanta Singhar |
|
Designation : |
Director |
|
Address : |
43/B/12, Brindawan Society, Thane (West), Thane – 400601, Thane, |
|
Date of Birth/Age : |
07.01.1953 |
|
Date of Appointment : |
14.02.2008 |
|
Din No.: |
02193295 |
|
|
|
KEY EXECUTIVES
|
Name : |
Mr. Mahesh |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.09.2011
|
Names of Equity Shareholders |
|
No. of Shares |
|
Bishnu Charan Samanta Singhar |
|
99000 |
|
Indira Samanta Singhar |
|
99000 |
|
Total |
|
198000 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Bishnu Charan Samanta Singhar |
|
1000 |
|
Indira Samanta Singhar |
|
1000 |
|
Total |
|
2000 |
As on 26.09.2011
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and importer of lubricants and industrial lubricants. |
|
|
|
|
Imports : |
|
|
Products : |
·
lubricants ·
Industrial lubricants. |
|
Countries : |
·
·
|
|
|
|
|
Terms : |
|
|
Selling : |
Credit (40 Days) |
|
|
|
|
Purchasing : |
Credit (40 Days) |
GENERAL INFORMATION
|
Suppliers : |
·
DIVINA ·
White
House ·
Aero
Pack Products Private Limited ·
Ajay Metachem
Sud Chemie Private Limited ·
Apar
Industries Limited (CR ·
James
Walker Devol ·
Lablin
Stock Centre ·
ITW
Polymer Technologies ·
Polartech
India Private Limited ·
Rocol
Limited ·
Saileela
Trading Private Limited ·
Solvey
Solexis Quality Control Labortory ·
Baba
Enterprises ·
Balwan
Singh ·
Devendra
Security Force ·
Expo
Frieght Private Limited ·
Geo
Chem - ·
Global
Sales and Services ·
Inmaak
Pharma Private. Limited. CRS ·
Orbitz
Corporate and Leisure Travels (I) Private Limited ·
Purnay
Co-Op. Hsg Soc. Limited ·
Rajkamal
Wood Suppliers ·
Real
Tech Computers ·
Reliance
Print ·
Sachdev
Gatewavs and Getawavs Private Limited ·
Safe
Fire Services ·
S.A
Jawarkar ·
Shadab
Wooden Box ·
Srd
Legal - ·
Star
Enterprises ·
TNT
India Private Limited ·
Ups
Jetair Express Private Limited ·
Deeco
Mechatron Marketing Private Limited-Ladv S. Crs ·
Green
Channel Forwarders Private Limited ·
Kanchan
Clearing Agency ·
Vinayak
Logistics ·
Techoptions
Infosolutions Private Limited |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
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|
Customers : |
Other (Distributors) ·
Mahendra and Mahendra ·
SCC Cement ·
Pepsico ·
Goa Shipyard Limited ·
Ispat Industries Limited ·
DP World ·
Ford ·
Nestle ·
Bharat Electronics ·
Vizag Steel ·
Dempo ·
Max ·
Bajaj ·
NPC Abhay Enterprises ·
AB Enterprises ·
Abishekh Industries Limited ·
Advanced Systek Private
Limited ·
Lalbright & Wilson Chemicals I Limited ·
Alfa Laval ( ·
Alok Industries Limited ·
AMI Engineers ·
Apar Industries Limited (DRS) ·
Associated Engineers ·
ACCORD ENGINEERING SOLUTIONS ·
Aero Pack Products ·
Airtech Private Limited ·
Al-Kabeer Exports Private
Limited (Govandi) ·
Aryan Enter ·
Asian Fabrics Private
Limited. ·
Auro Textlies ·
Bajaj Auto Limited ·
Bansal Spinning Mills Limited ·
Banswara Syntex Limited ·
Birla Cellulosic ·
BOC India Limited ·
Budhaguru Seal |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
50 (Approximately) |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Yes Bank Limited, 9th Floor, Nehru
Centre, Discovery of India, Dr. Annie Beasnt Road, Worli, Mumbai – 400018,
Maharashtra, India ·
Central Bank of |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
Rs.
In Millions
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mahesh Murgi Gala Chartered Accountant |
|
Address : |
102, Keshav Apartment, Above Saraswati Book Depot, Near CIDCO Bus
Stop, Dutta Mandir Road, Thane – 400601, Maharashtra, India |
|
Pan No.: |
AHFPG3113Q |
|
|
|
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
198000 |
Equity Shares |
Rs.10/- each |
Rs.1.980 Million |
|
2000 |
Preference shares |
Rs.10/- each |
Rs.0.020 Million |
|
|
Total |
|
Rs.2.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
198000 |
Equity Shares |
Rs.10/- each |
Rs.1.980
Million |
|
2000 |
Preference shares |
Rs.10/- each |
Rs.0.020
Million |
|
|
Total |
|
Rs.2.000 Million |
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 |
2.000 |
2.000 |
2.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
11.679 |
7.906 |
5.334 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
13.679 |
9.906 |
7.334 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
7.265 |
7.578 |
1.423 |
|
|
2] Unsecured Loans |
5.955 |
5.955 |
4.755 |
|
|
TOTAL BORROWING |
13.220 |
13.533 |
6.178 |
|
|
DEFERRED TAX LIABILITIES |
0.028 |
0.028 |
0.024 |
|
|
|
|
|
|
|
|
TOTAL |
26.927 |
23.467 |
13.536 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
8.300 |
8.091 |
4.963 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.007 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
11.062
|
10.644 |
10.504 |
|
|
Sundry Debtors |
21.144
|
15.634 |
9.055 |
|
|
Cash & Bank Balances |
0.922
|
1.241 |
2.806 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
3.044
|
2.341 |
5.780 |
|
Total
Current Assets |
36.172
|
29.860 |
28.145 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
11.746
|
10.042 |
17.967 |
|
|
Other Current Liabilities |
5.167
|
4.179 |
1.656 |
|
|
Provisions |
0.665
|
0.301 |
0.000 |
|
Total
Current Liabilities |
17.578
|
14.522 |
19.623 |
|
|
Net Current Assets |
18.594
|
15.338 |
8.522 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.026 |
0.038 |
0.051 |
|
|
|
|
|
|
|
|
TOTAL |
26.927 |
23.467 |
13.536 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
108.471 |
77.334 |
69.005 |
|
|
|
Other Income |
1.307 |
2.169 |
0.078 |
|
|
|
TOTAL (A) |
109.778 |
79.503 |
69.083 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Purchase |
66.702 |
41.012 |
43.555 |
|
|
|
Operation and other Cost
|
36.085 |
32.822 |
23.228 |
|
|
|
Preliminary expense |
0.013 |
0.013 |
0.013 |
|
|
|
|
102.8 |
73.847 |
66.796 |
|
|
|
Increase/ Decrease
in stock |
(0.418) |
(0.140) |
(1.107) |
|
|
|
TOTAL (B) |
102.382 |
73.707 |
65.689 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
7.396 |
5.796 |
3.394 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.023 |
0.829 |
0.328 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
6.373 |
4.967 |
3.066 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.639 |
0.663 |
0.447 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
5.734 |
4.304 |
2.619 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.961 |
1.356 |
1.196 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3.773 |
2.948 |
1.423 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7.906 |
4.958 |
3.910 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
11.679 |
7.906 |
5.333 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
18.87 |
- |
- |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover(Approximately) |
|
|
125.000 |
|
|
|
|
|
Expected Sales (2012-2013): Rs.180.000 Millions
The above information has been parted by Mr. Mahesh
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.44 |
3.71 |
2.06 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.29 |
5.57 |
3.80 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.89 |
11.34 |
7.91 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.42 |
0.43 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.25 |
2.83 |
3.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.06 |
2.06 |
1.43 |
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Constitution
of the firm |
Yes |
|
Premises
details |
No |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
Yes |
|
No.
of Employees |
Yes |
|
Name
of Person Contacted |
Yes |
|
Designation
of contact person |
Yes |
|
Turnover
of firm for last three years |
Yes |
|
Profitability
for last three years |
No |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
Yes |
|
Capital
the business |
Yes |
|
Details
of sister concerns |
No |
|
Major
Suppliers |
Yes |
|
Major
Customers |
Yes |
|
Payment
Terms |
Yes |
|
Export
/ Import Details [If Applicable] |
Yes |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
Yes |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
Yes |
|
Incorporation
details, if applicable |
Yes |
|
Last
accounts filed at ROC |
Yes |
|
Major
Shareholders, if applicable |
Yes |
|
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
PAN
of Proprietor/Partner/Director, if available |
No |
|
Voter
ID No of Proprietor/Partner/Director, if available |
No |
|
External Agency
Rating, if available |
Yes |
SUNDRY CREDITORS
DETAILS:
(Rs. In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
DIVINA |
0.000 |
0.035 |
|
White House |
0.000 |
0.030 |
|
Aero Pack
Products Private Limited |
0.270 |
0.000 |
|
Ajay Metachem Sud
Chemie Private Limited |
0.399 |
0.146 |
|
Apar Industries
Limited (CR |
0.926 |
0.685 |
|
James Walker
Devol |
0.342 |
0.013 |
|
Lablin Stock
Centre |
0.004 |
0.000 |
|
ITW Polymer Technologies |
0.007 |
0.000 |
|
Polartech India
Private Limited |
0.983 |
1.270 |
|
Rocol Limited |
3.824 |
2.726 |
|
Saileela Trading
Private Limited |
0.000 |
0.543 |
|
Solvey Solexis
Quality Control Labortory |
0.597 |
0.743 |
|
Total A |
7.352 |
6.191 |
|
Sundry Creditors
For Expenses |
|
|
|
Baba Enterprises |
0.022 |
0.000 |
|
Balwan Singh |
0.160 |
0.000 |
|
Devendra Security
Force |
0.005 |
0.000 |
|
Expo Frieght
Private Limited |
0.006 |
0.000 |
|
Geo Chem - |
0.004 |
0.000 |
|
Global Sales and
Services |
(0.585) |
0.000 |
|
Inmaak Pharma
Private. Limited. CRS |
0.513 |
0.000 |
|
Orbitz Corporate
and Leisure Travels (I) Private Limited |
(0.192) |
0.000 |
|
Purnay Co-Op. Hsg
Soc. Limited |
0.016 |
0.000 |
|
Rajkamal Wood
Suppliers |
0.037 |
0.000 |
|
Real Tech
Computers |
0.007 |
0.000 |
|
Reliance Print |
0.002 |
0.000 |
|
Sachdev Gatewavs
and Getawavs Private Limited |
0.065 |
0.000 |
|
Safe Fire
Services |
0.002 |
0.000 |
|
S.A Jawarkar |
0.003 |
0.000 |
|
Shadab Wooden Box |
0.007 |
0.000 |
|
Srd Legal - |
0.026 |
0.000 |
|
Star Enterprises |
0.003 |
0.000 |
|
TNT India Private
Limited |
0.005 |
0.000 |
|
Ups Jetair
Express Private Limited |
0.002 |
0.000 |
|
Deeco Mechatron
Marketing Private Limited-Ladv S. Crs |
0.638 |
1.025 |
|
Green Channel Forwarders
Private Limited |
0.083 |
0.081 |
|
Kanchan Clearing
Agency |
0.154 |
0.093 |
|
Vinayak Logistics |
3.433 |
2.652 |
|
Techoptions
Infosolutions Private Limited |
(0.020) |
0.000 |
|
Total B |
4.394 |
3.851 |
|
Total
A+ B |
11.746 |
10.042 |
(Rs. In Millions)
|
Particulars
|
31.03.2009 |
|
Sundry Creditors |
|
|
Vinayak Logistics |
2.438 |
|
Vinayak Logistics(Re-Imbursements) |
0.430 |
|
Ajay Metacham Sud Chemie Private Limited |
0.211 |
|
Apar Industries Limited |
3.222 |
|
Rocol Limited |
6.274 |
|
Rocol Site Safety Systems |
0.531 |
|
Saileela TradingPrivate Limited |
2.458 |
|
Solvey Solexies |
0.555 |
|
Top Shop Trading Compnay Private Limited |
1.690 |
|
United Metacham Private Limited |
0.142 |
|
Pushpak Agency |
0.016 |
|
Total |
17.967 |
FORM 8
|
Corporate
identity number of the company |
U51900MH1999PTC119311 |
|
Name of the
company |
DSL MARKETING
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
C/6, 103 -104, Kanchan Pushpa Complex, Kavesshar, Email: maheshmgala_ca@yahoo.co.in
|
|
This form is for |
Creation of charge |
|
Type of charge |
Book debts Movable property (not being pledge) |
|
Particular of charge
holder |
Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of
India, Dr. Annie Beasnt Road, Worli, Mumbai – 400018, Maharashtra, India Email: dlbbcadmum@yesbank.in |
|
Nature of
instrument creating charge |
Deed
of Hypothecation dated July 10, 2012 |
|
Date of
instrument Creating the charge |
10.07.2012 |
|
Amount secured by
the charge |
Rs.20.000 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Term
of Payment: On demand / Annual review Extent and
operation of the charge NA Others: NA |
|
Short particulars
of the property charged (Including location of the property) |
Exclusive
charge on Current Assets both present
and future Exclusive
charge on movable fixed assets both present and future which are not charged
to any other bank or financial institution |
Fixed Assets:
·
Computer System
·
Office Equipment
·
Motor Car
·
Plant and Machinery
·
Furniture and Fixtures
·
Air Conditioner
·
Godown Premises
PROFILE:
Earlier DSL Marketing Private Limited was a division of Ajay
Metachem Limited, dealing with Marketing of in House as well as imported
industrial products KLUBER. In the year 1999, the division was separated as
a new company DSL Marketing Private Limited with a distinct objective to
create world standard Industrial Marketing Organization
OBJECTIVES:
· To provide platform to world class Brands of Industrial Products to reach Indian Market.
· To expand the network for providing optimum customer service to their satisfaction.
· To enrich knowledge base for adding value to service.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction registered
against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.91 |
|
|
1 |
Rs.87.60 |
|
Euro |
1 |
Rs.70.01 |
INFORMATION DETAILS
|
Report Prepared
by : |
BYI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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.