1. Summary Information
|
Country |
|
||
|
Company Name |
DESAI ELECTRONICS PRIVATE LIMITED |
Principal Name 1 |
Mr. Dhananjay Shripad Kamlapurkar |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Vikram Manubhai Desai |
|
Registration # |
11-024206 |
||
|
Street Address |
Gate No. 553, Kondhanapur Road, Khed Shivapur, Tal Haveli, District
Pune-412205, Maharashtra, India |
||
|
Established Date |
07.04.1981 |
SIC Code |
-- |
|
Telephone# |
91-20-24384254 / 257 / 25654553 |
Business Style 1 |
Manufacturers |
|
Fax # |
91-20-25654273 / 24384523 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Plastics Film Capacitors |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.10,730,600/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors - 100.00% |
Banking |
State Bank of
India |
|
Public Limited Corp. |
No |
Business Period |
32 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba
(46) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
92,518,000 |
Current Liabilities |
54,079,000 |
|
Inventories |
97,756,000 |
Long-term Liabilities |
68,232,000
|
|
Fixed Assets |
116,643,000 |
Other Liabilities |
38,035,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
160,346,000 |
|
Invest& other Assets |
13,097,000 |
Retained Earnings |
148,937,000 |
|
|
|
Net Worth |
159,668,000 |
|
Total Assets |
320,014,000 |
Total Liab. & Equity |
320,014,000 |
|
Total Assets (Previous Year) |
290,568,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales / Total Income |
443,116,000 |
Net Profit |
42,323,000 |
|
Sales(Previous yr) / Total Income |
368,413,000 |
Net Profit(Prev.yr) |
41,387,000 |
MIRA INFORM REPORT
|
Report Date : |
30.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
DESAI ELECTRONICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gate No. 553, Kondhanapur Road, Khed Shivapur, Tal Haveli, District
Pune-412205, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
07.04.1981 |
|
|
|
|
Com. Reg. No.: |
11-024206 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.731
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109PN1981PTC024206 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNED03642C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD6448G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers of Plastics Film Capacitors. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 640000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track.
Financially company is performing well. Trade relations are reported as fair.
Business is active. Payments are reported to be usually correct and as per
commitments. 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term loan : (BBB) |
|
Rating Explanation |
Moderate degree of safety. It carry moderate credit risk. |
|
Date |
February, 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non fund Based facilities : A3+ |
|
Rating Explanation |
Moderate degree of safety. It carry higher credit risk. |
|
Date |
February, 2013 |
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/ Factory 1 : |
Gate No. 553, Kondhanapur Road, Khed Shivapur, Tal Haveli, District
Pune-412205, Maharashtra, India |
|
Tel. No.: |
91-20-24384254 / 257 / 25654553 |
|
Fax No.: |
91-20-25654273 / 24384523 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
870/5, Bhandarkar Institute Road, Pune-411004, Maharashtra, India |
|
Tel. No.: |
91-20-25654553 / 4 |
|
Fax No.: |
91-20-25654273 |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
12/3, Boatclub Road, River Estate, Pune-411001,
Maharashtra, India |
|
Tel. No.: |
91-20-26123873 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 2: |
51, Jay Chambers, Ghorpade Peth, Shivaji Road, Swargate, Pune-411042, Maharashtra, India |
|
Tel. No.: |
91-20-24472148 |
|
Fax No.: |
91-20-24474791 |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Dhananjay Shripad Kamlapurkar |
|
Designation : |
Director |
|
Address : |
Plot No. 427, Mahatma Hosusing Society, Kothrud, Pune – 411038,
Maharashtra, India |
|
Date of Birth/Age : |
10.04.1946 |
|
Date of Appointment : |
15.04.1982 |
|
DIN No.: |
00234964 |
|
|
|
|
Name : |
Mr. Vikram Manubhai Desai |
|
Designation : |
Director |
|
Address : |
12/3, Boat Club Road, Pune, - 411038, Maharashtra, India |
|
Date of Birth/Age : |
11.08.1947 |
|
Date of Appointment : |
07.04.1981 |
|
DIN No.: |
00370992 |
|
|
|
|
Name : |
Mrs. Smita Vikram Desai |
|
Designation : |
Director |
|
Address : |
12/3, Boat Club Road, Pune, - 411038, Maharashtra, India |
|
Date of Birth/Age : |
17.10.1951 |
|
Date of Appointment : |
20.10.1990 |
|
DIN No.: |
00371024 |
|
|
|
|
Name : |
Mr. Suchdev Surendarjitsingh Pardamansingh |
|
Designation : |
Director |
|
Address : |
45/35, Karve Road, Pune – 411004, Maharashtra, India |
|
Date of Birth/Age : |
29.09.1943 |
|
Date of Appointment : |
06.09.1985 |
|
DIN No.: |
00371090 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Manubhai Haribhai
Desai (HUF) |
|
1935 |
|
Champaben
Haribhai Desai |
|
3170 |
|
Vikram Manubhai
Desai (HUF) |
|
12141 |
|
Vikram Manubhai
Desai (IND) |
|
22561 |
|
Smita Vikram
Desai |
|
28786 |
|
Kirit Manubhai
Desai (HUF) |
|
17232 |
|
Mukesh Manubhai
Desai (IND) |
|
7957 |
|
Kunal Vikram
Desai |
|
179 |
|
Rohan Vikram
Desai |
|
139 |
|
Virinder Kaur
Suchdeo |
|
3 |
|
S V Bapat |
|
3 |
|
Desai Finance
Private Limited, |
|
13200 |
|
Total |
|
107306 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Plastics Film Capacitors. |
PRODUCTION STATUS [AS ON 31.03.2011]
|
Installed Capacity [No. of Capacitors] |
120000000 |
|
Actual Production [No. of Capacitors] |
87931433 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
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|
|||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||
|
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|
|||||||||||||||||||||
|
Facilities : |
Note Term loan from State Bank of India is secured by first charge on office premises of the company at Flat No. 10 & 11, “Trupti Apartment”, 870/5 Bhandarkar Road, Shivaji Nagar, Pune 411005 and personal guarantee of Managing Director Mr.V. M. Desai and Director Mrs.S. V. Desai. The loan is repayable in monthly installments of Rs.1.300 millions Term loan from State Bank of India is secured by first charge on vehicle of the company. The loan is repayable in monthly installments of Rs.0.040 million Loans from banks by way of cash credit are secured by hypothecation of stocks and book debts. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P.D.Kudva and Associates Chartered Accountant |
|
Address : |
4, Kumar Panorama, 45/1 B, Shankarshet Road, Pune – 411037,
Maharashtra, India |
|
Pan No.: |
AAJFP3713P |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
125000 |
Equity Shares |
Rs.100/- each |
Rs.12.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
107306 |
Equity Shares |
Rs.100/- each |
Rs.10.731
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 |
10.731 |
10.730 |
10.730 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
148.937 |
111.554 |
73.921 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
159.668 |
122.284 |
84.651 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
57.841 |
88.818 |
61.279 |
|
|
2] Unsecured Loans |
10.391 |
5.664 |
34.846 |
|
|
TOTAL BORROWING |
68.232 |
94.482 |
96.125 |
|
|
DEFERRED TAX LIABILITIES |
3.588 |
4.132 |
4.806 |
|
|
|
|
|
|
|
|
TOTAL |
231.488 |
220.898 |
185.582 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
116.643 |
122.560 |
125.301 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
13.097 |
13.097 |
5.687 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
97.756
|
68.436
|
51.512
|
|
|
Sundry Debtors |
60.307
|
55.372
|
37.578
|
|
|
Cash & Bank Balances |
1.197
|
1.653
|
7.477
|
|
|
Other Current Assets |
30.986
|
4.605
|
5.991
|
|
|
Loans & Advances |
0.028
|
24.845
|
9.302
|
|
Total
Current Assets |
190.274
|
154.911
|
111.860
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
53.369
|
36.961
|
35.201
|
|
|
Other Current Liabilities |
0.710
|
8.619
|
7.082
|
|
|
Provisions |
34.447
|
24.090
|
14.983
|
|
Total
Current Liabilities |
88.526
|
69.670
|
57.266
|
|
|
Net Current Assets |
101.748
|
85.241
|
54.594
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
231.488 |
220.898 |
185.582 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
443.116 |
368.413 |
274.124 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
443.116 |
368.413 |
274.124 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
NA |
304.159 |
239.972 |
|
|
|
Financial Charges |
|
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
TOTAL |
NA |
304.159 |
239.972 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
NA |
64.254 |
34.152 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
22.867 |
12.407 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
42.323 |
41.387 |
21.745 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
81.950 |
48.455 |
31.393 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
4.237 |
4.139 |
2.144 |
|
|
|
Final Dividend on Equity Shares |
2.146 |
1.073 |
1.073 |
|
|
|
Interim Dividend on Equity Shares |
2.146 |
2.146 |
1.073 |
|
|
|
Dividend Distribution Tax |
0.696 |
0.537 |
0.364 |
|
|
BALANCE CARRIED
TO THE B/S |
115.051 |
74.055 |
43.802 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
394.41 |
385.69 |
202.64 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
9.55
|
11.23
|
7.93 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
23.16
|
14.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.53
|
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.43
|
0.77
|
1.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.15
|
2.22
|
1.95 |
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 |
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 |
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 |
UNSECURED LOAN
|
Particulars |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
In Millions) |
|
Sales Tax Deferred Payment Scheme |
2.251 |
3.197 |
|
Sales Tax Deferred Payment Scheme |
0.468 |
0.000 |
|
Loan from Employees |
1.044 |
0.930 |
|
Loan from related parties |
6.628 |
1.537 |
|
Total |
10.391 |
5.664 |
Note
Sales Tax Deferred
Payment Scheme
Under the package scheme of Incentives of the Government of Maharashtra, the annual liability to sales upto year ending 1998 to 2003 have been deferred after 31.03.2003. Sales Tax Liabilities is payable within a period of 12 months of year ending 31.03.2012 have been categorized and reflected as Short Term Borrowings. Sales Tax Liability payable beyond a period of 12 months after 31.03.2012 has been categorized and reflected as Long Term Borrowings.
Details of loan from
related parties
|
Particulars |
31.03.2012 Rs.
in Millions |
|
S.P. Suchdeo |
0.854 |
|
V.S.Suchdeo |
0.849 |
|
Desai Finance Private Limited |
4.925 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity
number of the company |
U32109PN1981PTC024206 |
|
Name of the company |
DESAI ELECTRONICS PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
Gate No. 553, Kondhanapur Road, Khed Shivapur, Taluka Haveli, District Pune-412205, Maharashtra, India E-mail: accounts@deccapacitors.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Others (Vehicles Hyundai Make i20 Cars.) |
|
Particular of charge holder |
State Bank of India, 1548A, Commercial Branch, Tilak Road, Pune-411030, Maharashtra, India E-mail: naresh.thakur@sbi.co.in |
|
Nature of
instrument creating charge |
Hypothecation
Agreement executed between the Bank and the Borrower Company to cover the
credit facilities extended by the Bank towards the purchase of Motor Car
Vehicals for the usage of Company at large. The related entries regarding
Bank's Charge/Claim needs to be registered with Registration Authorities
under Maharashtra Vehicle Act 1988 as amended time to time. |
|
Date of
instrument Creating the charge |
11.01.2013 |
|
Amount secured by
the charge |
Rs. 1.268 millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest @0.75% above BASE
RATE. Currently effective rate would be:10.50% p.a. with monthly rests. The
rate of interest is subject to revision from time to time. Penal Interest on
default as RBI's directives. Terms of Repayment The repayment is
to be carried out in Equated Monthly installment of Rs.27,254/-each till the
entire loan with interest is fully repaid. The First Installment commences
from the month following the month of purchase of the vehicle. Margin 15% Extent and Operation of the charge SBI Commercial
Branch Pune will have first and exclusive charge on the (2)Vehicles,purchased
out of the credit facilities. extended by the Bank as a Corporate Vehicle
Loan. The Charge will be against vehicle:Hyundai Model i-20:2012model. Chassis
Number:MALBB51MCM490924.Engine No.G4FACU263596 Petrol Car Sportz1.4 ATBSI
V.AND 2) The Charge will be against vehicle:
Hyundai Model i-20:2012 model.
Chassis Number:MAL13A51 BLCM 500924 Engine No.G4LACM938483 Petrol Car
ERA1.2BSI V. Others To avail the
loan, the Company, by virtue of the Board Resolution passed on 11.01.2013 has
given assent to all the Terms and Conditions, Covenants, as provided in
Bank's Sanction Letter Dated 08/01/2013 and executed the related loan
document(s)/ Agreement(s) through the
Director(s),who have received
and singed the documents in physical form for & on behalf of the
Company and who have been authorized to file
eform-8 for Creation of the
charge against the assets of the Company. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Charge on Car: 1)
Hyundai Model i-20:2012model. Chassis Number: MALBB51MCM490924.Engine
No.G4FACU263596 Petrol Car Sportz1.4 ATBSI V. Charge on Car: 2)
The Charge will be against vehicle:
Hyundai Model i-20:2012 model.
Chassis Number:MAL13A51 BLCM 500924 Engine No.G4LACM938483 Petrol Car
ERA1.2BSI V. |
FIXED ASSETS:
· Land
· Building
· Factory
· Residential Flat
· Head Office
· New Factory
· Plant and Machinery
· Tools, Jigs and Fixtures
· Electrical Installation
· Computers
· Office Equipments
· Vehicles
· Other/ Borewell
· Furniture and Fittings
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.54.28 |
|
|
1 |
Rs.84.23 |
|
Euro |
1 |
Rs.70.90 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.