|
Report Date : |
08.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
ASSOCIATED DYE STUFF PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C – D, 8th Floor, Center Point, Ambawadi, Ahmedabad –
380006, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
29.03.2000 |
|
|
|
|
Com. Reg. No.: |
04 - 037659 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.9.009 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24119GJ2000PTC037659 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AACCA4885C |
|
|
|
|
PAN No.: [Permanent Account No.] |
ARSPS2485A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer,
Exporter and Importer of Textile and Leather Dye. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 211096 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record.
There appears huge external borrowing in the of the company. The
profitability is low. However, trade relations are reported as fair. Business
is active. Payments are reported to be slow but correct. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
BB (Long Term Bank Facilities) |
|
Rating Explanation |
Moderate risk of default |
|
|
|
|
Rating |
A4 (Short Term Bank Facilities) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
13.03.2012 |
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 : |
C – D, 8th Floor, Center Point, Ambawadi, Ahmedabad –
380006, |
|
Tel. No.: |
91-79-25831354 |
|
Fax No.: |
91-79-25890702 |
|
E-Mail : |
|
|
Area : |
7000 Sq. Yrds |
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No. A-1/5, GIDC, Phase I, Vatva, Ahmedabad
- 382 445, Gujarat, India |
|
Tel. No.: |
91-79-25831062 / 1354 / 25890702 |
|
Fax No.: |
91-79-25890702 |
|
E-Mail : |
|
|
Area : |
50000 sq.fts |
|
Location : |
Leased |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Vishal Hemendrabhai shah
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
2, Jain Nagar Society, Paldi, Ahmedabad – 380 007, |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.03.2000 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00375844 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Viral Hemendrabhai Shah |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
2, Jain Nagar Society, Paldi, Ahmedabad – 380 007, |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
26.09.1976 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.03.2000 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00375878 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship
|
||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Vidyaben Hemendrabhai Shah |
|
306134 |
|
Vishal Hemendrabhai Shah |
|
297133 |
|
Viral Hemendrabhai Shah |
|
297133 |
|
Vishal Hemendrabhai Shah – Karta of Hemendrabhai R. Shah HUF |
|
100 |
|
Ramanlal Will Trust |
|
100 |
|
Vishal Hemendrabhai Shah – Karta of Viral Hemendrabhai Shah HUF |
|
100 |
|
Manushi Vishal Shah |
|
100 |
|
Viral Hemendrabhai Shah – Karta of Viral Hemendrabhai Shah HUF |
|
100 |
|
Total |
|
900900 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer,
Exporter and Importer of Textile and Leather Dye. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
·
Bank of · Shreenath Co. Operative bank Limited
|
|||||||||||||||||||||||||||||||||
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|
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Facilities : |
(Rs.
In Millions)
|
|||||||||||||||||||||||||||||||||
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
N M Nagri and Company Chartered Accountants |
|
Address : |
E – 26, 5th Floor, |
|
Tel. No.: |
91-79-26579652 |
|
Fax No.: |
91-79-26577654 |
|
PAN.: |
AABFN2680C |
|
|
|
|
Enterprises over
Which significant Influence is
exercised by key management Personnel: |
|
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
50000 |
Preference Shares |
Rs.10/- each |
Rs.0.500 Million |
|
50000 |
Unclassified Shares |
Rs.10/- each |
Rs.0.500 Millions |
|
|
Total |
|
Rs.11.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
900900 |
Equity Shares |
Rs.10/- each |
Rs.9.009 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 |
9.009 |
9.009 |
9.009 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
43.765 |
41.993 |
33.835 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
52.774 |
51.002 |
42.844 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
113.616 |
87.715 |
69.179 |
|
|
2] Unsecured Loans |
69.335 |
58.584 |
40.958 |
|
|
TOTAL BORROWING |
182.951 |
146.299 |
110.137 |
|
|
DEFERRED TAX LIABILITIES |
4.235 |
4.186 |
3.554 |
|
|
|
|
|
|
|
|
TOTAL |
239.960 |
201.487 |
156.535 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
72.927 |
74.464 |
63.344 |
|
|
Capital work-in-progress |
3.419 |
2.478 |
1.016 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.010 |
0.010 |
0.010 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
49.905
|
41.267
|
50.074 |
|
|
Sundry Debtors |
114.170
|
83.809
|
59.387 |
|
|
Cash & Bank Balances |
25.049
|
16.955
|
2.863 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
54.336
|
57.566
|
28.006 |
|
Total
Current Assets |
243.460
|
199.597
|
140.330 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
68.187
|
61.103
|
43.148 |
|
|
Other Current Liabilities |
11.669
|
13.955
|
2.802 |
|
|
Provisions |
0.000
|
0.000
|
2.215 |
|
Total
Current Liabilities |
79.856
|
75.058
|
48.165 |
|
|
Net Current Assets |
163.604
|
125.300
|
92.165 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
239.960 |
202.251 |
156.535 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
313.731 |
359.410 |
224.843 |
|
|
|
Other Income |
11.137 |
13.555 |
6.174 |
|
|
|
TOTAL (A) |
324.868 |
372.965 |
231.017 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials |
234.686 |
254.630 |
0.000 |
|
|
|
Purchases of Stock in Trade |
0.842 |
11.388 |
0.000 |
|
|
|
Employee Benefit Expenses |
12.988 |
12.055 |
0.000 |
|
|
|
Increase / (Decrease) in Stock |
(4.788) |
3.383 |
(3.388) |
|
|
|
Manufacturing and other Expenses |
0.000 |
0.000 |
207.995 |
|
|
|
Other Expenses |
52.574 |
57.361 |
0.000 |
|
|
|
TOTAL (B) |
296.302 |
338.817 |
204.607 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
28.566 |
34.148 |
26.410 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
16.826 |
14.427 |
11.264 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
11.740 |
19.721 |
15.146 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
8.981 |
7.840 |
6.747 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2.759 |
11.881 |
8.399 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.987 |
3.723 |
2.772 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1.772 |
8.158 |
5.627 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
41.383 |
33.225 |
27.598 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
43.155 |
41.383 |
33.225 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
228.467 |
236.762 |
154.630 |
|
|
TOTAL EARNINGS |
228.467 |
236.762 |
154.630 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
13.184 |
16.197 |
32.292 |
|
|
TOTAL IMPORTS |
13.184 |
16.197 |
32.292 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.97 |
9.06 |
6.25 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.55
|
2.19
|
2.44 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.88
|
3.31
|
3.74 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.86
|
4.34
|
4.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.23
|
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.47
|
2.87
|
2.57 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.05
|
2.69
|
2.91 |
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 |
No |
|
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 |
No |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
Contingent
Liabilities not provided for in respect of:
Rs. In Millions
|
Particulars |
31.03.2012 |
31.03.2011 |
|
Outstanding Bank Guarantees issued by Bank of Baroda (against Margin Money of Rs.2.475 Millions -P.Y.Rs.0.937 Million) |
2.475 |
1.657 |
|
Outstanding Foreign Letters of Credit issued by Bank of Baroda in favour of foreign suppliers (Against Margin Money of Rs. Nil - P Y. Rs.1.245 Millions) (amount as certified by the Management) |
0.000 |
4.889 |
|
Outstanding Foreign Currency Forward Contracts with Bank of Baroda (against Margin Money of Rs.6.013 Millions P.Y. Rs.1.819 Millions) |
118.132 |
31.295 |
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U24119GJ2000PTC037679 |
|
Name of the
company |
ASSOCIATED DYE STUFF PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
C – D, 8th Floor, Center Point, Ambawadi, Ahmedabad –
380006, |
|
This form is for |
Modification of
charge |
|
Charge
identification (ID) number of the charge to be modified |
80004933 |
|
Type of charge |
|
|
Particular of
charge holder |
Bank of |
|
Nature of
instrument creating charge |
SUPPLEMENTAL
COMPOSITE AGREEMENT OF HYPOTHECATION OF GOODS, BOOK-DEBTS, MOVABLE MACHINERY
& VEHICLES. |
|
Date of
instrument Creating the charge |
02.02.2012 |
|
Amount secured by
the charge |
Rs.207.500
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest On Term Loan
@4.50% Above Base Rate I.E. 13.50% P.A. On Cash Credit (Hypo. of Stock and
Book Debts) @ 3.75% above Base Rate I.E. 12.75% P.A. on Packing
Credit/PCFC(180) Days Cum FBP/FCBP Cum FBD/FCBD Terms of Repayment Term Loan
Rs.37.500 Millions, Repayable Within 5 Years, C.C.Rs.32.500 Millions 12
Months,- Running Account Packing Credit/PCFC/FBP/FCBP Cum FBD/FCBD Rs.70.000
Millions - 12 Months (Reviewed Every Year). - Working Capital Facilities
Under Export Gold Card Scheme Rs.14.000 Millions - The Facility Should Be
Available For A Period Of 3 Year Subject To Annual Review, Import L/C Dp/Da
(Usance 180 Days/Buyer's Credit (Foreign Currency) Rs.33.500 Millions - For
12 Months, PC/PCFC Cum, FBP/FBD/FCBP/FCBD (Usance 90 Days) ADHOC For 3 Months. Margin On Term Loan
32.50% On On PC/PCFC -10%
On Fob Value Or Export Order. FBP/FBD
- Nil Facilities Under
Export Gold Card Scheme - As Applicable To Export Limit Import L/C. - 15% On Sub Limit -
Bank Guarantee - 15% For Performance And Other General Purpose Guarantee - 100%
For Financial And Disputed Guarantees. Extent and Operation of the charge The Company Has
Deposited Title Deeds of Documents, Evidences, Deeds and Writing as Described
In First Schedule In Respect of The Company's
Immovable Properties Situated Bearing A-1/5, Type Shed No.05 of Plot
No. 74/3 Together With All Plant and Machinery Furniture, Fittings, Lying And
Attached to as Described In The Second Schedule Annexure, Company Has Hypo.
To and In Favour of Bank Stock of Raw Materials Stock In Process, F. Goods
Consu. Spares & Packing Materials. Vehicles All The Book Debts Others Personal
Guarantee of Directors Shri Vishal Hemendra Shah and Shri Viral Hemendra
Shah. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
The company has
deposited title deeds of documents, evidences, deeds and writing as described
in first schedule in respect of the company's
immovable properties situated bearing a-1/5,type shed no.05 of plot
no. 74/3 together with all plant and machinery furniture, fittings, lying and
attached to as described in the second schedule annexure, company has hypo.
To and in favour of bank stock of raw materials stock in process, f. goods
consu. spares & packing materials. Vehicles all the book debts |
|
Date of
instrument modifying the charge |
28.03.2011 |
|
Particulars of
the present modification |
Various cr.
facilities limits has been increased from Rs.187.500 Millions to Rs.207.500
Millions.by way of term loan of Rs.37.50 0 Millions .C.C. limit Rs.32.500
Millions remains same. packing credit/PCFC cum FBP/FCBP cum FBD/FCBD limit
increase upto Rs.90.000 Millions from Rs.70.000 Millions. Export gold card
scheme upto Rs.14.000 Millions. Import L/C. DP/DA buyer's credit (foreign
currency) upto Rs.33.500. Millions thus overall credit facilities has been
increased by Rs.20.000 Millions |
Fixed Assets:
· Land
· Building
· Plant and Machinery
· Furniture and Fixtures
· Office Equipments
· Computers
· Vehicles
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.54.88 |
|
|
1 |
Rs.83.54 |
|
Euro |
1 |
Rs.70.90 |
INFORMATION DETAILS
|
Report Prepared by
: |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
34 |
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.