MIRA
INFORM REPORT
|
Report Date : |
26.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
OC SPECIALITIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
205, The Chambers, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
19.01.2005 |
|
|
|
|
Com. Reg. No.: |
11-150735 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.460 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
u24100mh2005ptc150735 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
mumo03562g |
|
|
|
|
PAN No.: [Permanent Account No.] |
aaaco7181p |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Chemicals |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 130000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported to be fair. Business is active. Payments are reported
to be usually correct and as per commitments. The company can be considered 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 |
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 : |
205, The Chambers, |
|
Tel. No.: |
91-22-28613688/ 40825200 |
|
Fax no.: |
91-22-40825253 |
|
E-Mail : |
contact@ocspl.com monukamdar@gmail.com |
|
Area : |
300 Sq. ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Manish Mangilal Shah |
|
Designation : |
Managing Director |
|
Address : |
B-1,
Heaven, Opposite Meghalaya Flas, Naranpura, Ahmedabad – 380 013, |
|
Date of Birth/Age : |
15.03.1976 |
|
Date of Appointment : |
19.01.2005 |
|
DIN No.: |
00036482 |
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 |
U24100MH2005PTC150735 |
OC
SPECIALITIES PRIVATE LIMITED |
Managing
director |
19/01/2005 |
19/01/2005 |
Active |
NO |
|
2 |
U24100GJ2008PTC053898 |
OSWAL
CHEM (INDIA) PRIVATE LIMITED |
Director |
15/05/2008 |
15/05/2008 |
Active |
NO |
|
Name : |
Mr. Vikas Mangilal Shah |
|
Designation : |
Director |
|
Address : |
B-1,
Heaven, Opposite Meghalaya Flas, Naranpura, Ahmedabad – 380 013, |
|
Date of Birth/Age : |
18.10.1981 |
|
Date of Appointment : |
19.01.2005 |
|
DIN No.: |
00036542 |
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 |
U24100MH2005PTC150735 |
OC
SPECIALITIES PRIVATE LIMITED |
Director |
19/01/2005 |
19/01/2005 |
Active |
NO |
|
2 |
U51434PN2006PTC128357 |
BALAJI
SOURCINGS PRIVATE LIMITED |
Whole-time
director |
15/03/2008 |
20/04/2006 |
Active |
NO |
|
Name : |
Mr. Nitin Ganpati Kulkarni |
|
Designation : |
Director |
|
Address : |
204, Srishti
Complex, |
|
Date of Birth/Age : |
09.06.1971 |
|
Date of Appointment : |
30.09.2010 |
|
DIN No.: |
03042587 |
|
|
|
|
Name : |
Mr. Vinod Sadanand Mulgaoankar |
|
Designation : |
Director |
|
Address : |
103-A-Wing,
Mithila Apartment, J.B. Nagar, |
|
Date of Birth/Age : |
31.08.1947 |
|
Date of Appointment : |
03.06.2010 |
|
DIN No.: |
03042723 |
|
|
|
|
Name : |
Mr. Nirav Virendrabhai Mehta |
|
Designation : |
Director |
|
Address : |
28,
Netra Bungalow, Near Sourabh Society, Opposite Nilkanth – II, Drive in Road
Mem Nagar, Ahmedabad - 380013, |
|
Date of Birth/Age : |
26.02.1992 |
|
Date of Appointment : |
03.06.2010 |
|
DIN No.: |
03042627 |
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 |
U24100GJ2008PTC053898 |
OSWAL
CHEM (INDIA) PRIVATE LIMITED |
Director |
01/06/2010 |
01/06/2010 |
Active |
NO |
|
2 |
U24100MH2005PTC150735 |
OC
SPECIALITIES PRIVATE LIMITED |
Director |
30/09/2010 |
03/06/2010 |
Active |
NO |
|
Name : |
Mr. Pushpak M. Shah |
|
Designation : |
Director |
|
Address : |
27,
Netra Bungalow, Near Mem Nagar Fire Station, Ahmedabad – 380 013, |
|
Date of Birth/Age : |
12.04.1979 |
|
Date of Appointment : |
19.01.2005 |
|
|
|
|
Name : |
Mr. Virendra B. Shah |
|
Designation : |
Director |
|
Address : |
27,
Netra Bungalow, Near Mem Nagar Fire Station, Ahmedabad – 380 013, |
|
Date of Birth/Age : |
14.04.1961 |
|
Date of Appointment : |
19.01.2005 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Manish M. Shah |
16000 |
|
Vikas M. Shah |
2500 |
|
Pushpak M. Shah |
2500 |
|
Virendra Mehta |
25000 |
|
Ocean Chemicals, |
5 |
|
|
5 |
|
TOTAL
|
46010 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
0.02 |
|
Directors or relatives of Directors |
99.98 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Chemicals |
GENERAL INFORMATION
|
Suppliers : |
·
Agrawal Packing Private Limited. ·
Balaji Amines Limited ·
Black Rose Industries Limited ·
Dalian Chem Imp. And Exp Group Company Limited ·
Cjs Specialty Chemicals Private Limited ·
Deepak Novochem Technologies Limited ·
Gsp Crop Science Private Limited. ·
Hindustan Speciality Chemicals ·
Hpl Additives Limited ·
Lanxess India Private Limited ·
Manish Chemical Company ·
Nsk Impex ·
Omkar Specialities Private Limited. ·
Prabhat Chemiorganics Limited ·
Ratnamani Bio Chemicals and Pharmaceutical ·
Sabari Chemicals Private Limited ·
Sun Chlorochem ·
V.R.M. Chemicals Private Limited |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
·
A.V.M. Sales Corporation ·
Aakanksha Enterprise ·
Alkem Laboratories Limited ·
Ambey Laboratories (Private) Limited ·
Amoli Organics Private Limited ·
Aurobindo Pharma Limited ·
Balaji Sourcings Private Limited ·
Benzo Chem Industries Private Limited ·
Bharat Insecticides Limited ·
Cab Chemicals ·
Chemex Organochem Private Limited ·
Colourtex Industries Limited ·
Devanshi Impex Private Limited ·
Dishman Pharmaceuticals and Chemicals Limited ·
Finar Chemicals Limited ·
Gopal Glass Works Limited ·
Halcyon Labs Private Limited ·
High Purity Laboratory Chemicals Private Limited ·
J P N Pharma Private Limited ·
K. Uttamlal and Company ·
Leo Chemo Plast Private Limited |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Standard Chartered Bank, SME Credit, Crescenzo, 3A/F,
Plot No.C-38 and 39, g Block, Bandra Krla Complex, Bandra (East),
Mumbai-400051, Maharashtra, India ·
HDFC Bank ·
ING Vysya Bank |
||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R.V. jain and Associates Chartered Accountants |
|
Address : |
E-203, Nilambuj, Kamal Aprtments, Shankar lane, Kandivali (West),
Mumbai – 400 067, |
|
Tel. No.: |
91-22-28613688 |
|
E-Mail : |
rvjain@rediffmail.com |
|
PAN No.: |
AAHFR6526R |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
46010 |
Equity Shares |
Rs.10/- each |
Rs. 0.460
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 |
0.460 |
0.460 |
0.460 |
|
|
2] Share Application Money |
1.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
32.906 |
22.502 |
16.779 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
34.366 |
22.962 |
17.239 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
114.993 |
40.288 |
22.761 |
|
|
2] Unsecured Loans |
46.045 |
18.544 |
1.604 |
|
|
TOTAL BORROWING |
161.038 |
58.832 |
24.365 |
|
|
DEFERRED TAX LIABILITIES |
0.345 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
195.749 |
81.794 |
41.604 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
23.665 |
19.687 |
3.144 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
3.208 |
1.259 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.041 |
0.002 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
70.488
|
51.063
|
11.375
|
|
|
Sundry Debtors |
264.315
|
187.119
|
43.947
|
|
|
Cash & Bank Balances |
2.669
|
0.470
|
0.182
|
|
|
Other Current Assets |
7.292
|
4.655
|
4.036
|
|
|
Loans & Advances |
0.000
|
0.000
|
4.600
|
|
Total
Current Assets |
344.764
|
243.307 |
64.140 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
163.581
|
176.456
|
19.180
|
|
|
Other Current Liabilities |
4.407
|
1.344
|
1.217
|
|
|
Provisions |
7.900
|
4.700
|
5.285
|
|
Total
Current Liabilities |
175.888
|
182.500 |
25.682 |
|
|
Net Current Assets |
168.876
|
60.807
|
38.458
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
195.749 |
81.794 |
41.604 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
932.406 |
465.554 |
373.846 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
916.575 |
457.099 |
368.398 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
15.831 |
8.455 |
5.448 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
5.100 |
2.800 |
1.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
10.731 |
5.655 |
3.548 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
16.382 |
10.659 |
7.214 |
|
|
|
|
|
|
|
|
|
|
CARRIED
TO BALANCE SHEET |
26.786 |
16.382 |
10.659 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
233.00 |
123.00 |
77.11 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.15
|
1.21 |
0.95 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.30
|
3.21 |
8.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.46
|
0.37 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
9.81
|
10.51 |
2.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.96
|
1.33 |
2.50 |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth
of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
No |
NOTE
The Registered office of the company has been shifted from 6/C, Saivishwakarma Darshan, Shivaji Chowk, Koldongri, Opposite Apna Bazar, Vile Parle (East), Mumbai-400057, Maharashtra, India to present address w.e.f. 05.11.2010.
FORM 8
|
Corporate
identity number of the company |
U24100MH2005PTC150735 |
|
Name of the
company |
OC SPECIALITIES PRIVATE
LIMITED |
|
Address of the
registered office or of the principal place of business in |
205, The Chambers, Western Express Highway, Vile Parle (East), Mumbai
- 400 057, Maharashtra, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10228758 |
|
Type of charge |
·
Immovable
property |
|
Particular of
charge holder |
Standard Chartered Bank, SME Credit, Crescenzo, 3A/F, Plot No.C-38 and
39, g Block, Bandra Krla Complex, Bandra (East), Mumbai-400051, Maharashtra,
India |
|
Nature of
instrument creating charge |
Memorandum of
Entry - Supplemental |
|
Date of
instrument Creating the charge |
27.06.2012 |
|
Amount secured by
the charge |
Rs. 315.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest As agreed by and
with the Bank from time to time. Terms of repayment As agreed by and
with the Bank from time to time. Margin As applicable, if
any. Extent and operation of the charge The Bank is
having first and exclusive charge on the security given by the Company |
|
Short particulars
of the property charged (Including location of the property) |
First and
exclusive charge on 1)
Commercial
property located at Unit no. 205, 2nd Floor, The Chambers, Plot no. 108, 109,
Sant Janabhai Road, Western Express Highway, Vile Parle, Mumbai. 2)
Industrial
property Gala no. 107, 1st Floor, Bldg No. 1, UNICO Industrial Park, Vasai
District Thane 401210. 3)
Commercial
property flat no. 6AB, Ground Floor, Sai Vishwa SRA CO-Operative Housing
Society Limited, Shivaji Chowk, Shahji Raje Marg, Vile Parle East, Mumbai
400057. |
|
Date of
instrument modifying the charge |
25.06.2012 |
|
Particulars of
the present modification |
The existing
charge amt of Rs.315.000 Millions is also now secured as First and exclusive
charge on 1)
Commercial
property located at Unit No.205, 2nd Floor, The Chambers, Plot no.108,109,
Sant Janabhai Road, Western Express Highway, Vile Parle, Mumbai. 2)
Industrial
property Gala no.107,1st Floor, Building No.1,UNICO Industrial Park, Vasai
Dist Thane 401210. 3)
Commercial
property flat no. 6AB, Ground Floor, Sai Vishwa SRA CO-Operative Housing
Society Limited, Shivaji Chowk, Shahji Raje Marg, Vile Parle East, Mumbai
400057 |
FIXED ASSETS
·
Air Conditioner
·
Card Scanner
·
Computers
·
Electrical Appliances
·
Furniture and Fixtures
·
Motor Car
·
Motor Bike
·
Office Equipments
·
Telephone Systems
·
Lab Equipments
·
Office Building
Premises-Chincholi
·
Office Renovation
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is or
was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 53.53 |
|
|
1 |
Rs. 86.82 |
|
Euro |
1 |
Rs. 69.03 |
INFORMATION DETAILS
|
Report Prepared
by : |
SHG |
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 |
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 |
|
47 |
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.