1. Summary Information
|
Country |
India |
||
|
Company Name |
JUPITER DYE CHEM PRIVATE LIMITED |
Principal Name 1 |
Mr. Ashok Ramni Ranjan Chokhani |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Ramesh Ramniranjan Chokhani |
|
Registration # |
11-019716 |
||
|
Street Address |
Office No. 92A/
93A, Mittal
Court, Nariman Point, Mumbai – 400021, Maharashtra |
||
|
Established Date |
22.06.1977 |
SIC Code |
-- |
|
Telephone# |
91-22-61207000 |
Business Style 1 |
Trader |
|
Fax # |
91-22-30407020 |
Business Style 2 |
Supplier |
|
Homepage |
Product Name 1 |
Bulk Petrochemicals |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
100,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors 97.55%, Other
top fifty shareholders 2.45% |
Banking |
Union Bank of
India |
|
Public Limited Corp. |
No |
Business Period |
36 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba
(44) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Related
Party |
India |
Easyterm
Enterprises |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,827,671,000 |
Current Liabilities |
1,709,825,000 |
|
Inventories |
234,452,000 |
Long-term Liabilities |
119,046,000 |
|
Fixed Assets |
59,837,000 |
Other Liabilities |
11,116,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
1,839,987,000 |
|
Invest& other Assets |
5,886,000 |
Retained Earnings |
187,859,000 |
|
|
|
Net Worth |
287,859,000 |
|
Total Assets |
2,127,846,000 |
Total Liab. & Equity |
2,127,846,000 |
|
Total Assets (Previous Year) |
1,898,408,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
6,250,054,000 |
Net Profit |
79,300,000 |
|
Sales(Previous yr) |
4,293,102,000 |
Net Profit(Prev.yr) |
77,983,000 |
MIRA INFORM REPORT
|
Report Date : |
04.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
JUPITER DYE CHEM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Office No. 92A/
93A, Mittal
Court, Nariman Point, Mumbai – 400021, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
22.06.1977 |
|
|
|
|
Com. Reg. No.: |
11-019716 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 100.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24230MH1977PTC019716 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMJ08150C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACJ0893M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Supplier of Bulk Petrochemicals. |
|
|
|
|
No. of Employees
: |
Not Available |
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 1150000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of ‘Chokhani Group’. It is an established company having a satisfactory track record. 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 normal business dealings 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) |
|
|
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
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating : (CRISIL) A3+ |
|
Rating Explanation |
Having moderate degree of safety regarding
timely payment of financial obligation. |
|
Date |
January 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.
LOCATIONS
|
Registered Office : |
Office No. 92A/
93A, Mittal
Court, Nariman Point, Mumbai – 400021, Maharashtra, India |
|
Tel. No.: |
91-22-61207000/ 30407000 |
|
Fax No.: |
91-22-30407020 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
Prathamesh, 2nd Floor, A Block, Raghuvanshi Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai –
400013, Maharashtra, India |
|
Tel. No.: |
91-22-30407000 |
|
Fax No.: |
91-22-30407020 |
|
E-Mail : |
|
|
|
|
|
Warehouse : |
138/1, Vanmala Compound, Valegaon, Purna Village, Bhiwandi - 421301,
Thane, Maharashtra |
|
|
|
|
Branches : |
Located at: Ø Kandla Ø Dahej Ø Mumbai Ø Mangalore Ø Cochin Ø Chennai |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Ashok Ramni Ranjan Chokhani |
|
Designation : |
Director |
|
Address : |
502, Angel, Krishna Sanghi Peth, Next to August Kranti Maidan,
Gamdevi, Mumbai – 400007, Maharashtra, India |
|
Date of Birth/Age : |
10.11.1944 |
|
Qualification : |
Graduate |
|
Experience : |
51 years |
|
Date of Appointment : |
22.06.1977 |
|
PAN No.: |
AEWPC8295H |
|
DIN No.: |
01331167 |
|
|
|
|
Name : |
Mr. Ramesh Ramniranjan Chokhani |
|
Designation : |
Director |
|
Address : |
401, 4th Floor, Angel Building, Krishna Sanghi Peth, Gamdevi,
Mumbai – 400007, Maharashtra, India |
|
Date of Birth/Age : |
17.07.1951 |
|
Qualification : |
Graduate |
|
Experience : |
44 years |
|
Date of Appointment : |
22.06.1985 |
|
PAN No.: |
AAAPC4758M |
|
DIN No.: |
01208036 |
|
|
|
|
Name : |
Mr. Nimesh Ramesh Chokhani |
|
Designation : |
Director |
|
Address : |
401, 4th Floor, Angel Building, Krishna Sanghi Peth,
Gamdevi, Mumbai – 400007, Maharashtra, India |
|
Date of Birth/Age : |
17.10.1978 |
|
Qualification : |
Graduate / BBA (US) |
|
Experience : |
17 years |
|
Date of Appointment : |
01.04.1993 |
|
PAN No.: |
ACPPC5042H |
|
DIN No.: |
01208008 |
|
|
|
|
Name : |
Sellappan Nagalingam |
|
Designation : |
Director |
|
Address : |
Flat No. 5, Gulnar Apartment, Khopoli, Raigad, Panvel - 410203,
Maharashtra, India |
|
Date of Birth/Age : |
20.02.1962 |
|
Date of Appointment : |
01.08.2008 |
|
PAN No.: |
ABEPN3478L |
|
DIN No.: |
01640683 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
% Shareholdings |
|
Ashok Kumar Chokhani |
917641 |
9.17 |
|
Ramesh Kumar Chokhani |
978120 |
9.78 |
|
Shakuntala Chokhani |
939510 |
9.40 |
|
Ramesh Kumar Chokhani
(Partner of Ramesh Kumar and Company) |
6435 |
0.06 |
|
Manisha Chokhani |
868725 |
8.69 |
|
A.K. Chokhani and S.R. Chokhani |
6435 |
0.06 |
|
Sanjay Maroo |
12870 |
0.13 |
|
Rajkamal Maroo |
12870 |
0.13 |
|
Sitadevi Maroo |
12870 |
0.13 |
|
Neena S. Patel |
128700 |
1.29 |
|
Shyamlal Patel (Family Trust) |
64350 |
0.64 |
|
Ashok Chokhani (HUF) |
386100 |
3.86 |
|
Ramesh Chokhani (HUF) |
386100 |
3.86 |
|
Nimesh Chokhani |
2885454 |
28.85 |
|
Neha Nimesh Chokhani |
720720 |
7.21 |
|
Pooja Chokhani |
643500 |
6.44 |
|
Neha Nimesh Chokhani joint with Nimesh Chokhani |
643500 |
6.44 |
|
Usha Chaudhary |
386100 |
3.86 |
|
|
|
|
|
Total |
10000000 |
100.00 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
97.55 |
|
Other
top fifty shareholders |
|
2.45 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Supplier of Bulk Petrochemicals. |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
Union Bank of India,
Veer Nariman Road Branch, 84, Raj Mahal, Veer Nariman Road, Churchgate,
Mumbai - 400020, Maharashtra, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B.L. Agarwal and
Associates Chartered Accountants |
|
Address : |
14/16,
Popatwadi, 1st Floor, Kalbadevi Road, Mumbai, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABPA3525H |
|
|
|
|
Enterprises in which directors or their relatives
exercise significant influence : |
Ø Easyterm
Enterprises Ø Ramesh Kumar and
Company Ø Sanchay Holdings
Private Limited [U65990MH1990PTC056824] Ø Niknim Holdings
Private Limited [U67120MH1992PTC070064] Ø Leher Properties
Private Limited [U45202MH1994PTC079958] Ø Nishflex
Packaging Private Limited [U28129MH1994PTC077571] Ø Universal
Logistics and Services Company |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 150.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 100.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
100.000 |
100.000 |
11.638 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
187.859 |
108.559 |
118.796 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
287.859 |
208.559 |
130.434 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
4.463 |
83.212 |
6.010 |
|
|
2] Unsecured Loans |
114.583 |
112.798 |
100.937 |
|
|
TOTAL BORROWING |
119.046 |
196.010 |
106.947 |
|
|
DEFERRED TAX LIABILITIES |
6.686 |
7.297 |
0.591 |
|
|
|
|
|
|
|
|
TOTAL |
413.591 |
411.866 |
237.972 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
59.837 |
61.247 |
45.495 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
5.886 |
0.386 |
1.103 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
234.452
|
118.360 |
124.243 |
|
|
Sundry Debtors |
1477.456
|
1164.503 |
670.503 |
|
|
Cash & Bank Balances |
327.539
|
524.952 |
226.379 |
|
|
Other Current Assets |
0.000
|
0.000 |
3.536 |
|
|
Loans & Advances |
22.676
|
28.960 |
50.273 |
|
Total
Current Assets |
2062.123
|
1836.775 |
1074.934 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1694.133
|
1457.919 |
815.884 |
|
|
Other Current Liabilities |
15.692
|
15.767 |
46.881 |
|
|
Provisions |
4.430
|
12.856 |
20.795 |
|
Total
Current Liabilities |
1714.255
|
1486.542 |
883.560 |
|
|
Net Current Assets |
347.868
|
350.233 |
191.374 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
413.591 |
411.866 |
237.972 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
6250.054 |
|
3084.667 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
N.A. |
4053.545 |
N.A. |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
N.A. |
121.197 |
N.A. |
|
|
|
|
|
|
|
|
|
Less |
TAX |
N.A. |
43.214 |
N.A. |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
79.300 |
77.983 |
41.279 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Exports on FOB basis |
0.000 |
2.315 |
52.182 |
|
|
|
Exports of Services |
0.930 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
0.930 |
2.315 |
52.182 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Traded Goods |
4344.845 |
2484.040 |
1506.062 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.93 |
7.81 |
4.13 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.27
|
1.82 |
1.34 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
N.A. |
6.39
|
N.A. |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
N.A. |
0.58 |
N.A. |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.41 |
0.94 |
0.82 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.20
|
1.24 |
1.22 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Loans and advances from directors |
26.366 |
12.147 |
|
Loans and advances from others |
84.262 |
96.696 |
|
Other loans and advances |
3.955 |
3.955 |
|
Total |
114.583 |
112.798 |
BUSINESS
OPERATIONS:
During the year,
the Company has generated Total Income of Rs.6250.054 Millions against
Rs.4174.742 Millions in the previous year. After meeting all its expenses the
Company has posted a Net Profit after Tax of Rs. 79.300 Millions as compared to
Rs.77.983 Millions in the previous financial year. The Company has a healthy
Order Book position. The Company is determined to consolidate its position in
the market.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U24230MH1977PTC019716 |
|
Name of the
company |
JUPITER DYE CHEM
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Office No. 92A/
93A, Mittal
Court, Nariman Point, Mumbai – 400021, Maharashtra, India Email: jessyindia25@gmail.com |
|
This form is for |
Modification of charge |
|
Charge
identification number of the modified |
80034224 |
|
Type of charge |
Book debts Movable property (not being pledge) |
|
Particular of
charge holder |
Union Bank of
India, Veer Nariman Road Branch, 84, Raj Mahal, Veer Nariman Road,
Churchgate, Mumbai - 400020, Maharashtra, India |
|
Nature of
description of the instrument creating or modifying the charge |
Supplementary
agreement to SD-06 hypothecation agreement
[SD-06(S)] |
|
Date of
instrument Creating the charge |
19.10.2012 |
|
Amount secured by
the charge |
Rs. 2600.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest at the
rate of 17.75% per annum with monthly rests or such other rate as may be revised
by the bank from time to time. Terms of Repayment On Demand Margin As per sanction
terms. Extent and Operation of the charge To secure the
import / inland letter of credit (DP / DA-120 days) limit of Rs.2600.000
Millions granted by the bank to the company. |
|
Short particulars
of the property charged |
Hypothecation by
way of first charge in favour of the bank :- (1) Stocks of
goods i.e. Chemicals and pharmaceutical products etc. Received under L/C
belonging to or at the disposal of the borrower and which are now stored or
being stored or which hereafter may from time to time be brought into or
stored or be in or about the borrower's premises or godown/s at Bhiwandi and
at other places hired by the borrower for the purposes of storage in the
union of India and all other places of storage whatsoever at or at any other
place in the Union of India or wherever else they may be including any of the
said goods with any of the borrower's agents / agencies or in course of by
the ship, rail or otherwise, and (2) The
borrower's book-debts created out of sale of such goods, outstandings,
monies, deposits, receivables, claims and bills, contracts, securities,
investments which are now due and owing or which may at any time hereafter
during the continuance of this security becoming due and owing to the
borrower in the course of its business by any person or party including any
government or any local or public body or authority. |
|
Date of
Modification |
12.12.2011 |
|
Particulars of
the present modification |
The letter of
guarantee limit of Rs. 12.500 Millions has been cancelled and the import /
inland letter of credit limit has enhanced from Rs.2000.000 Millions to
Rs.2600.000 Millions and the hypothecated goods, book debts and movable
property covered by the principal hypothecation agreement shall continue to
be a security for the bank for the enhanced limit of Rs.2600.000 Millions
together with interest and all other monies payable thereon. |
CONTINGENT LIABILITIES
-In respect of
bills discounted with the bank 24.960 Millions
-In respect of
working capital limits sanctioned by company's bankers 61.000 Millions to firms
in which directors of the company are interested. (Collateral securities given by
the company to a bank to secure working capital limits granted by the bank to
it also covers working capital limits granted by the bank to firms in which
directors are interested. Non-director partners of the firms have also given
personal guarantees and collateral security of immovable assets to secure
limits granted to the company.)
FIXED ASSETS:
Ø Buildings
Ø Furniture and fixtures
Ø Vehicles
Ø Office equipment
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. 54.39 |
|
|
1 |
Rs. 82.05 |
|
Euro |
1 |
Rs. 69.59 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.