MIRA INFORM REPORT
|
Report Date : |
08.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
JYOTI POWER CORPORATION PRIVATE LIMITED (w.e.f 27.04.2011) |
|
|
|
|
Formerly Known
As : |
JYOTI ENGINEERS AND CONTRACTORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Matru Jyot, 1st
Floor, Opposite Agro Petrol Pump, Gondal, Rajkot-360311, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
30.03.2006 |
|
|
|
|
Com. Reg. No.: |
04-048048 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 241.715 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45204GJ2006PTC048048 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RKTJ01382D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCJ6662R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is engaged in the business of erection and maintenance of
Power Lines and Sub Station. |
|
|
|
|
No. of Employees
: |
45 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4280000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. There
appears some dip in the profitability of the company during current year.
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 |
A4+ (Short term rating) |
|
Rating Explanation |
Minimal degree of safety. It carry very high credit risk. |
|
Date |
September, 2012 |
|
Rating Agency Name |
CARE |
|
Rating |
BB+ (Long term rating) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
September, 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 [GENERAL DETAILS]
|
Name : |
Mr. Kalpesh Patel |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-2717-233037 |
LOCATIONS
|
Registered Office : |
Matru Jyot, 1st Floor, Opposite Agro Petrol Pump, Gondal,
Rajkot-360311, Gujarat, India |
|
Tel. No. : |
91-2825-223249 |
|
Fax No.: |
91-2825-223249 |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
Rajtilak Plaza, 3rd Floor, Opposite IOC
Petrol Pump, Bopal - Ghuma Road, Bopal, Ahmedabad - 380058, Gujarat, India |
|
Tel. No.: |
91-2717-233037 / 47 |
|
Fax No.: |
91-2717-233037 / 47 |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Nitesh Mavji Kataria |
|
Designation : |
Director |
|
Address : |
“Meghdoot”, Near Ramji Mandir, K. V. Road, Rajkot, Gondal-360311,
Gujarat, India |
|
Date of Birth/Age : |
30.06.1968 |
|
Date of Appointment : |
30.03.2006 |
|
PAN No.: |
ADKPK1838M |
|
DIN No.: |
00055622 |
|
|
|
|
Name : |
Mr. Kamlesh Mavjibhai Katariya |
|
Designation : |
Managing director |
|
Address : |
“Meghdoot”, Near Ramji Mandir, K. V. Road, Rajkot, Gondal-360311,
Gujarat, India |
|
Date of Birth/Age : |
20.01.1970 |
|
Date of Appointment : |
30.03.2006 |
|
PAN No.: |
ADWPK7228B |
|
DIN No.: |
00055811 |
|
|
|
|
Name : |
Mr. Mavjibhai Meghjibhai Kantaria |
|
Designation : |
Director |
|
Address : |
“Meghdoot”, Near Ramji Mandir, K. V. Road, Rajkot, Gondal-360311,
Gujarat, India |
|
Date of Birth/Age : |
14.09.1940 |
|
Date of Appointment : |
01.11.2009 |
|
PAN No.: |
ACUPK9912F |
|
DIN No.: |
00055762 |
|
|
|
|
Name : |
Mr. Niraj Vinodrai Vasavada |
|
Designation : |
Whole-time director |
|
Address : |
Vishvakarma Society,
Street No.4, Sadhu Vasvani Road, University Road, Rajkot-360001, Gujarat,
India |
|
Date of Birth/Age : |
27.12.1959 |
|
Date of Appointment : |
17.09.2007 |
|
PAN No.: |
AARPV9886E |
|
DIN No.: |
01732356 |
KEY EXECUTIVES
|
Name : |
Mr. Kalpesh Patel |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Kamlesh Mavjibhai Kataria |
|
11673200 |
|
Nitesh Mavjibhai Kataria |
|
11673200 |
|
Lata Kamlesh Kataria |
|
350000 |
|
Nayna Nitesh Kataria |
|
350000 |
|
Ranchhodbhai Ganeshbhai Kher |
|
12500 |
|
Manjibhai Dayabhai Gohel |
|
12500 |
|
Hansa Sureshbhai Kataria |
|
12460 |
|
Mavjibhia M. Kataria |
|
87500 |
|
Ganpat A. Kataria |
|
5 |
|
Valji J. Dabhi |
|
5 |
|
Suresh K. Kataria |
|
5 |
|
Jasang M. Dabhi |
|
5 |
|
Keshubhai M. Dabhi |
|
5 |
|
Pratap K. Dabhi |
|
5 |
|
Mahipal M. Singhav |
|
5 |
|
Jayprakash S. Kataria |
|
5 |
|
B. N. Dod |
|
5 |
|
G. T. Dabhi |
|
5 |
|
G. A. Thavani |
|
5 |
|
Shyam Nitinkumar Raichura |
|
50 |
|
Nitinkumar Jayantilal Raichura |
|
50 |
|
|
|
|
|
TOTAL |
|
24171515 |
AS ON 07.12.2012
|
Names of Allottees |
|
No. of Shares |
|
EMC Engineering Enterprises |
|
3100000 |
|
Kamlesh Mavjibhai Kataria |
|
525000 |
|
Mavjibhia M. Kataria |
|
200000 |
|
Nitesh Mavjibhai Kataria |
|
525000 |
|
Rajkamal Power Engineering |
|
2950000 |
|
Ghelabhai T. Dabhi |
|
350000 |
|
Jayprakash S. Kataria |
|
1525000 |
|
Mahipal M. Singhav |
|
1220000 |
|
Suresh K. Kataria |
|
1500000 |
|
Valji J. Dabhi |
|
1440000 |
|
|
|
|
|
TOTAL |
|
13335000 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
99.50 |
|
Other
top fifty shareholders |
|
0.50 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of erection and maintenance of
Power Lines and Sub Station. |
|
|
|
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
45 [Approximately] |
||||||||||||||||||
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|
||||||||||||||||||
|
Bankers : |
Bank of India,
Rajkot Mid Corporate Branch, 1st Floor, BOI Building, Para Bazar,
Rajkot - 360001, Gujarat, India |
||||||||||||||||||
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|
||||||||||||||||||
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Facilities : |
|
|
|
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|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
P B Dadhaniya and Company Chartered Accountants |
|
Address : |
514, Star Plaza, Phulchhab Chowk, Rajkot, Gujarat, India |
|
Tel No.: |
91-281-2476006 / 2479243 |
|
PAN No.: |
ABRPD4339N |
|
|
|
|
Associates : |
CIN
No.: U74990GJ2005PTC046662
CIN
No.: U40109GJ1996PTC030323 |
|
|
|
|
Subsidiary : |
CIN
No.: U45204GJ2001PTC039577 |
|
|
|
|
Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives : |
|
CAPITAL STRUCTURE
AFTER 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
Rs.10/- each |
Rs.400.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
37506515 |
Equity Shares |
Rs.10/- each |
Rs.375.065 Millions |
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs.300.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24171515 |
Equity Shares |
Rs.10/- each |
Rs.241.715 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 |
241.715 |
241.715 |
25.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
829.940 |
713.528 |
224.956 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1071.655 |
955.243 |
249.956 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1604.263 |
1105.041 |
210.069 |
|
|
2] Unsecured Loans |
505.755 |
805.652 |
309.065 |
|
|
TOTAL BORROWING |
2110.018 |
1910.693 |
519.134 |
|
|
DEFERRED TAX LIABILITIES |
31.072 |
32.096 |
17.455 |
|
|
|
|
|
|
|
|
TOTAL |
3212.745 |
2898.032 |
786.545 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
581.420 |
604.586 |
272.130 |
|
|
Capital work-in-progress |
48.176 |
0.854 |
3.263 |
|
|
|
|
|
|
|
|
INVESTMENT |
3.410 |
3.410 |
3.380 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
964.594
|
461.490 |
300.523 |
|
|
Sundry Debtors |
1285.179
|
1383.485 |
1483.554 |
|
|
Cash & Bank Balances |
356.158
|
209.284 |
471.284 |
|
|
Other Current Assets |
0.174
|
0.367 |
0.000 |
|
|
Loans & Advances |
1150.088
|
1075.020 |
235.082 |
|
Total
Current Assets |
3756.193
|
3129.646 |
2490.443 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
894.794
|
632.401 |
867.247 |
|
|
Other Current Liabilities |
221.236
|
144.095 |
1092.728 |
|
|
Provisions |
60.424
|
63.968 |
23.257 |
|
Total
Current Liabilities |
1176.454
|
840.464 |
1983.232 |
|
|
Net Current Assets |
2579.739
|
2289.182 |
507.211 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.561 |
|
|
|
|
|
|
|
|
TOTAL |
3212.745 |
2898.032 |
786.545 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3633.598 |
3548.527 |
|
|
|
|
Other Income |
20.540 |
23.976 |
|
|
|
|
TOTAL (A) |
3654.138 |
3572.503 |
2555.783 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1687.821 |
1616.862 |
|
|
|
|
Purchases of Stock in Trading and Semi Finished Goods |
884.609 |
523.176 |
|
|
|
|
Employee Benefits Expenses |
98.825 |
169.061 |
2436.456 |
|
|
|
Other Expenses |
1230.945 |
931.057 |
|
|
|
|
Changes in Inventories of Finished Goods, Work in Progress and Stock
in Trade |
(734.131) |
9.477 |
|
|
|
|
Exception Items |
0.000 |
(85.330) |
|
|
|
|
TOTAL (B) |
3168.069 |
3164.303 |
2436.456 [Including
Financial Expenses and Depreciation] |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
486.069 |
408.200 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
270.065 |
137.204 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
216.004 |
270.996 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
40.724 |
43.951 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
175.280 |
227.045 |
119.327 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
58.726 |
78.278 |
41.165 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
116.554 |
148.767 |
78.162 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
146.818 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
224.956 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
61.110 |
31.709 |
NA |
|
|
|
Traded Goods |
15.321 |
0.000 |
NA |
|
|
|
Components and Spare Parts |
0.000 |
0.155 |
NA |
|
|
|
Capital Goods |
76.432 |
46.867 |
NA |
|
|
TOTAL IMPORTS |
152.863 |
78.731 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
4.82 |
6.15 |
31.26 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.19
|
4.16 |
3.06 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.82
|
6.40 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.04
|
6.08 |
4.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.23 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.97
|
2.00 |
2.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.19
|
3.72 |
1.26 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
MERGER:
With a view to consolidate
the financial and operational strength and to get the benefits of economies of
scale, the Board is in the process of getting M/s. JHT Power Engineering
Private Limited, Company’s Subsidiary Company merged with the Company. The
Company has taken primary steps for the same and further actions shall be taken
in the due course of time.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
In Millions) |
|
From Shares Holders |
257.737 |
410.462 |
|
From Directors, Their Relatives and Associates Concerns |
248.018 |
187.016 |
|
Short Term Loan From Banks |
0.000 |
208.174 |
|
TOTAL |
505.755 |
805.652 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U45204GJ2006PTC048048 |
|
Name of the company |
JYOTI POWER CORPORATION PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
Matru Jyot, 1st Floor, Opposite Agro Petrol Pump, Gondal,
Rajkot-360311, Gujarat, India Email: jyotieng@yahoo.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10317502 |
|
Type of charge |
Immovable property |
|
Particular of charge holder |
Bank of India, Rajkot Mid Corporate Branch, 1st Floor, BOI
Building, Para Bazar, Rajkot - 360001, Gujarat, India Email: mcb.rajkot@bankofindia.co.in
|
|
Nature of instrument creating charge |
Mortgage Deed ( Without Possession) |
|
Date of instrument Creating the charge |
19.12.2012 |
|
Amount secured by the charge |
Rs. 350.000 millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest CC and Retention Money Discounting[sub limit of CC: 3.50% over Bank
Rate Presently 14.00% p.a. with monthly rests. BG (I/F): Rs.180+1% pa. for
min 2 quarters + service tax. LC(I/F)DP/DA: as applicable Terms of Repayment As per Sanction Margin CC (Hypothecation of stock): 25% CC (Book Debts): 40% Retention Money Discounting [ sub limit of CC BD] : 40% for other
receivables upto 90 days, 30% for Govt. Company and PSU upto 270 days Bank Guarantee: 10% cash LC (I/F) DP/DA: 10% cash Extent and Operation of the charge The charge being immovable properties as stated in Mortgage Deed Dated
19.12. 2012 read with sanction letter
relates to charge based on STAND ALONE
documents for Rs. 350.000 millions granted by the Bank of India, pending
execution of Joint Documents in favour of the Consortium, and shall be
operative till full repayment of covered charge amount, with interest and
other charges, if any. Others The charge relates to addition / modification in various facilities to
the extent of Rs. 350.000 granted by Bank of India, based on standalone
documents pending execution of Joint Documents in favour of the Consortium
secured by various movable properties are now further secured by immovable
properties as mentioned in Mortgage Deed Dated 19.12. 2012 |
|
Particulars of the present modification |
Total Financial Facility of Rs. 350.000 millions already granted by
the Bank and Regd. with ROC, Gujarat, now secured by immovable properties
Secured by Mortgage Deed, dated
19.12.2012 |
FIXED ASSETS:
- Land
- Building
- Plant and Machinery
- Office Equipments
- Computer Equipments
- Furniture and Fixtures
- 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 : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.