1. Summary Information
|
|
|
Country |
|
|
Company Name |
VISHAL VIDEO AND
APPLIANCES PRIVATE LIMITED |
Principal Name 1 |
Mr. Manoj Agarwal |
|
Status |
Moderate |
Principal Name 2 |
Mr. Anand Agarwal |
|
|
|
Registration # |
20-21847 |
|
Street Address |
1/ 6, Ghokley
Marg, |
||
|
Established Date |
30.04.1997 |
SIC Code |
-- |
|
Telephone# |
91-522-2207226/ 2207446 |
Business Style 1 |
Manufacturing |
|
Fax # |
91-522-2209764 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Modern Design |
|
|
# of employees |
100
(Approximately) |
Product Name 2 |
A4 size document fit |
|
Paid up capital |
Rs. 190,276,910/- |
Product Name 3 |
Fashionable exterior design |
|
Shareholders |
Directors or relatives of Directors = 100% |
Banking |
Union
Bank of |
|
Public Limited Corp. |
No |
Business Period |
16 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (29) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
582,558,000 |
Current Liabilities |
346,975,000 |
|
Inventories |
861,078,000 |
Long-term Liabilities |
877,484,000 |
|
Fixed Assets |
42,406,000 |
Other Liabilities |
18,601,000 |
|
Deferred Assets |
1,175,000 |
Total Liabilities |
1,243,060,000 |
|
Invest& other Assets |
1,021,000 |
Retained Earnings |
54,901,000 |
|
|
|
Net Worth |
245,178,000 |
|
Total Assets |
1,488,238,000 |
Total Liab. & Equity |
1,488,238,000 |
|
Total Assets (Previous Year) |
1,083,412,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Total Income |
8,324,880,000 |
Net Profit |
34,242,000 |
|
Sales(Previous yr) |
4,860,964,000 |
Net Profit(Prev.yr) |
31,081,000 |
MIRA
INFORM REPORT
|
Report Date : |
18.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
VISHAL VIDEO AND APPLIANCES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1/ 6, Ghokley Marg, Lucknow – 226 001, Uttar Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
30.04.1997 |
|
|
|
|
Com. Reg. No.: |
20-21847 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.190.277
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31200UP1997PTC021847 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
ALDV00428B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAEFV0042M AADCV0236F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Electronics, Electrical and Consumables Items. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 980000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The management
of the company has not filed its latest financials with the government
department. However, as per previous year financial the reserves of the company
seems to be low. However, trade relations are reported as fair. Business is
active. Payments are unknown. The company can be considered for business dealings with some
caution. |
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Cash Credit = BBB |
|
Rating Explanation |
Moderate degree of safety it carry moderate credit risk. |
|
Date |
28.01.2011 |
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 : |
1/ 6, Ghokley Marg, |
|
Tel. No.: |
91-522-2207226/ 2207446 |
|
Fax No.: |
91-522-2209764 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory: |
Good |
|
|
|
|
Head Office : |
Bank Road, |
|
|
|
|
Corporate Office : |
601, Golden Chambers, Opposite Citi Mall, |
|
Tel. No.: |
91-22-40107001/ 04/ 03 |
|
Fax No.: |
91-22-40107005 |
|
|
|
|
Regional Office : |
Located at:
|
|
|
|
|
Branch Office : |
B-102, Near Shakti Mandir, Kanti Nagar
(East), New Delhi-110051, India Tel No.: 91-522-4096444 Also
Located At:
|
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Pradeep Agarwal |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
29.05.1975 |
|
Date of Appointment : |
29.09.2009 |
|
Din No.: |
00317084 |
|
|
|
|
Name : |
Mr. Manoj Kumar Agarwal |
|
Designation : |
Managing Director |
|
Address : |
1/ 6, Ghokley Marg, |
|
Date of Birth : |
12.07.1966 |
|
Qualification: |
B.Com |
|
Date of Appointment : |
30.04.1997 |
|
Din No.: |
01812682 |
|
|
|
|
Name : |
Mr. Vineet Agarwal |
|
Designation : |
Director |
|
Address : |
1/ 6, Ghokley Marg, |
|
Date of Birth/Age : |
06.12.1973 |
|
Qualification: |
B. Tech |
|
Date of Appointment : |
22.01.1999 |
|
Din No.: |
02028863 |
|
|
|
|
Name : |
Mr. Ankit Agarwal |
|
Designation : |
Director |
|
Address : |
52, Jawahar Nagar, Extension Colony Bhelupur, Varansi – 221 010, |
|
Date of Birth/Age : |
21.11.1980 |
|
Date of Appointment : |
29.09.2009 |
|
Din No.: |
02691214 |
|
|
|
|
Name : |
Mr. Gaurang Agarwal |
|
Designation : |
Director |
|
Address : |
Bharat Milap, |
|
Date of Birth/Age : |
14.12.1985 |
|
Date of Appointment : |
29.09.2009 |
|
Din No.: |
02691233 |
|
|
|
|
Name : |
Mr. Manish Agarwal |
|
Designation : |
Director |
|
Address : |
New Building, Hasan Ganj, |
|
Qualification: |
B. Tech |
|
Date of Appointment : |
24.03.2000 |
|
|
|
|
Name : |
Mr. Anand Agarwal |
|
Designation : |
Director |
|
Address : |
Anand Kunj, |
|
Qualification: |
M.Com |
|
Date of Appointment : |
22.01.1999 |
|
|
|
|
Name : |
Ms. Sunita Agarwal |
|
Designation : |
Director |
|
Address : |
Raj Bhawan, Gokhle Marg, |
|
Date of Birth/Age : |
03.01.1969 |
|
Date of Appointment : |
20.06.2009 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Manoj Agarwal |
|
2950714 |
|
Manoj Agarwal HUF |
|
1957744 |
|
Manoj Agarwal Jointly with Mudit Agarwal HUF |
|
608179 |
|
Sunita Agarwal |
|
491786 |
|
Sunita Agarwal Jointly with Mudit Agarwal HUF |
|
427857 |
|
Mudit Agarwal |
|
442607 |
|
Vinit Agarwal |
|
2376964 |
|
Vinit Agarwal HUF |
|
427857 |
|
Vinit Agarwal Jointly with Saloni Agarwal HUF |
|
616371 |
|
Menka Agarwal Jointly with Saloni Agarwal HUF |
|
715166 |
|
Anand Agarwal |
|
1245857 |
|
Suman Agarwal |
|
163928 |
|
Vishal Agarwal |
|
163928 |
|
Sandeep Agarwal |
|
491786 |
|
Manish Agarwal |
|
1967143 |
|
Brij Mohan Agarwal |
|
98357 |
|
Rekha Agarwal |
|
163929 |
|
Rajesh Garg |
|
270000 |
|
Kusum Garg |
|
77143 |
|
Mukesh Garg |
|
185786 |
|
Soni Garg |
|
87429 |
|
Asha Bhugra |
|
163929 |
|
Karan Agarwal |
|
84000 |
|
Kunal Agarwal |
|
105000 |
|
Aruna Agarwal |
|
54000 |
|
Vipin Agarwal |
|
100000 |
|
Vijay Kumar Agarwal |
|
100000 |
|
Vishal Agarwal (Ahm) |
|
200000 |
|
Kunal Agarwal |
|
100000 |
|
Mayur Agarwal |
|
200000 |
|
Vikas Goenka |
|
100000 |
|
Ankit Agarwal |
|
100000 |
|
Deepali Agarwal |
|
100000 |
|
Vishal Agrawal (Vns) |
|
100000 |
|
Ashish Kumar Ladia |
|
100000 |
|
Mayank Seth |
|
150000 |
|
Ruchi Seth |
|
100000 |
|
Renu Seth |
|
100000 |
|
Karan Agarwal |
|
100000 |
|
Deepak Matolia |
|
50000 |
|
Total
|
|
18037460 |
As on 31.03.2011
|
Names of Allotte |
|
No. of Shares
Allotted |
|
Karan Agarwal |
|
217231 |
|
Kunal Agarwal |
|
278000 |
|
Ankit Agarwal |
|
40000 |
|
Deepali Agarwal |
|
40000 |
|
Kavta Agarwal |
|
35000 |
|
Anand Kumar Agarwal |
|
380000 |
|
Total |
|
990231 |
As on 30.09.2010
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 : |
Manufacturing of Electronics, Electrical and Consumables Items. |
|
|
|
|
Products : |
v Fire test standards for 1-2 hrs v Modern Design v A4 size document fit v 2 sets personal code v Installation v Fashionable exterior design v Reliable card reader system v Lap top computer fit v Distributor of Mobiles – Nokia v Consumer Electronics – Sony, Samsung v White Goods – Whirlpool v Electric Appliances – Philips v MTS – Racold, Forbes and Symphony. |
GENERAL INFORMATION
|
No. of Employees : |
100 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
· Punjab National Bank, MID Corporate Branch, 10 Ashok Marg, Lucknow - 226001, Uttar Pradesh, India · Union Bank of India, Main Branch, 29, Hazratganj, Lucknow – 226 001, Uttar Pradesh, India ·
Allahabad Ban |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Khanna Thakker and Company Chartered Accountants |
|
Address : |
7-C/72, Tilak Marg, Dalibagh, Opposite Narmada Bhawan, |
|
Tel. No.: |
91-522-2205205/ 2208110/ 3014625 |
|
Fax No.: |
91-522-2208110 |
|
E-Mail : |
|
|
PAN.: |
AAJFK0185H |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19027691 |
Equity Shares |
Rs.10/- each |
Rs.190.277
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 |
190.277 |
94.338 |
94.338 |
|
|
2] Share Application Money |
0.000 |
71.319 |
0.000 |
|
|
3] Reserves & Surplus |
54.901 |
86.696 |
55.615 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
245.178 |
252.353 |
149.953 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
822.438 |
449.232 |
310.674 |
|
|
2] Unsecured Loans |
55.046 |
0.000 |
50.878 |
|
|
TOTAL BORROWING |
877.484 |
449.232 |
361.552 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1122.662 |
701.585 |
511.505 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
42.406 |
44.849 |
40.318 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.015 |
0.276 |
0.283 |
|
|
DEFERREX TAX ASSETS |
1.175 |
0.887 |
0.572 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
861.078
|
680.875
|
248.607 |
|
|
Sundry Debtors |
402.040
|
218.954
|
189.470 |
|
|
Cash & Bank Balances |
15.715
|
13.208
|
11.934 |
|
|
Other Current Assets |
0.000
|
64.687
|
40.136 |
|
|
Loans & Advances |
164.803
|
59.668
|
22.812 |
|
Total
Current Assets |
1443.636
|
1037.392
|
512.959 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
329.762
|
354.596
|
18.030 |
|
|
Other Current Liabilities |
17.213
|
9.580
|
7.309 |
|
|
Provisions |
18.601
|
17.651
|
17.298 |
|
Total
Current Liabilities |
365.576
|
381.827
|
42.637 |
|
|
Net Current Assets |
1078.060
|
655.565
|
470.322 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.006 |
0.008 |
0.010 |
|
|
|
|
|
|
|
|
TOTAL |
1122.662 |
701.585 |
511.505 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales Turnover |
|
4860.964 |
2562.136 |
|
|
|
Incentive and Discount |
5324.880 |
235.229 |
175.102 |
|
|
|
Commission |
|
0.000 |
0.000 |
|
|
|
Other Income |
|
12.017 |
8.290 |
|
|
|
TOTAL (A) |
8324.880 |
5108.210 |
2745.528 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
4781.395 |
2552.017 |
|
|
|
Management and office Expenses |
|
189.662 |
97.382 |
|
|
|
Selling & Distribution Expenses |
|
22.027 |
15.083 |
|
|
|
Loss on sale of fixed assets |
|
0.128 |
0.099 |
|
|
|
Preliminary expenses written off |
|
0.001 |
0.001 |
|
|
|
TOTAL (B) |
8264.301 (including
Financial Expenses) |
4993.213 |
2664.582 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
114.997 |
80.946 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
61.046 |
38.520 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
60.579 |
53.951 |
42.426 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
9.303 |
8.971 |
8.381 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
51.276 |
44.980 |
34.045 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
17.034 |
13.899 |
13.121 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
34.242 |
31.081 |
20.924 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
86.696 |
55.615 |
34.691 |
|
|
|
|
|
|
|
|
|
Less |
Capitalized for bonus issue of shares |
66.036 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
54.902 |
86.696 |
55.615 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.80 |
3.30 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.41
|
0.60
|
0.76
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
0.91
|
1.33
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.45
|
4.15
|
6.15
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.17
|
0.23
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.58
|
1.78
|
2.41
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.95
|
2.71
|
12.03
|
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 |
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 |
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 |
No |
|
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 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U31200UP1997PTC021847 |
|
Name of the
company |
VISHAL VIDEO AND APPLIANCES
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
1/ 6, Ghokley Marg, Lucknow – 226 001, Uttar Pradesh, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10229254 |
|
Type of charge |
Others (Corporate Guarantee) |
|
Particular of
charge holder |
Punjab National Bank, MID Corporate Branch, 10 Ashok Marg, Lucknow - 226001, Uttar Pradesh, India |
|
Nature of
instrument creating charge |
Agreement of
Guarantee. |
|
Date of instrument
Creating the charge |
06.03.2012 |
|
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 As per
Hypothecation Agreement/Sanction terms. Terms of Repayment Working Capital -
Repayable on demand. Margin As per
Hypothecation Agreement/Sanction terms. Extent and Operation of the charge The Company has
executed Corporate Guarantee to secure repayment of various credit facilities
aggregating to Rs.350.000 Millions granted by the Bank to M/S Abhyudaya
Housing and Constructions Private Limited The operation of
charge has been shifted from PNB, M.G. Marg, Lucknow to PNB, MID Corporate
Branch, Ashok Marg, Lucknow. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Subject has executed Corporate Guarantee to secure repayment of credit facilities agg. to Rs.350.000 Millions granted by the Bank to Abhyudaya Housing and Constructions Private Limited. |
|
Particulars of
the present modification |
The Cash Credit
limit has been reduced from Rs.150.000 Millions to Rs.100.000 Millions and
Bank Guarantee has been enhanced from Rs.200.000 Millions to Rs.250.000
Millions. Therefore, total amount of charge secured by Corporate Guarantee
will remain the same at Rs.350.000 Millions. |
FIXED ASSETS:
- Air Conditioner
- Air Cooler
- Aqua Flow
- Bag
- Barcode Reader
- Camera
- Cell Phone
- Coffee Machine
- Computer
- Vehicles
- Counting Machine
- CTV
- Dish TV
- Electrostate Machine
- Epbax
- Electric chimney
- Fan Fax Machine
- Fire Extinguisher
- Furniture and Fixtures
- Generator
- Inverter
- Kinetic Honda
- Luminous UPS
- Lift
- LCD TV
- Office equipment
- Omini Cargo Bharat Stage III
- Omini Cargo (UP32-BN2884)
- Pager
- Printer
- Pump
- Safe
- Stablizer
- Sony projector
- Telephone Set
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market survey
revealed that the amount of compensation sought by the subject is fair and
reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.94 |
|
|
1 |
Rs.82.77 |
|
Euro |
1 |
Rs.71.05 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.