1. Summary Information
|
Reference
# |
135-104986-05-020(20130411670) |
Country |
India |
|
Company Name |
SNEHANJALI RETAIL PRIVATE LIMITED |
Principal Name 1 |
Mr. Amit Harish Mulchandani |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Kanaiyalal Kishanchand Mulchandani |
|
Our Reference # |
217913 |
Registration # |
11-027571 |
|
Street Address |
1, Bonanza
Arcade, S.V. Road, Amboli, Opposite Aboli Railway Gate, Andheri (West),
Mumbai – 400 058, Maharashtra |
||
|
Established Date |
26.06.1982 |
SIC Code |
|
|
Telephone# |
91-22-26787247 |
Business Style 1 |
Retail |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Electronic Goods |
|
|
# of employees |
112 (Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.2,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors Or Relatives Of Directors-100% |
Banking |
United
Bank Of India |
|
Public Limited Corp. |
No |
Business Period |
31 Years |
|
IPO |
No |
International Ins. |
|
|
Public |
No |
Rating |
Ba
(42) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Related Parties |
India |
Snehanjali Retail Private Limited |
-- |
|
Note |
--
|
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
111,144,000
|
Current Liabilities |
87,574,000
|
|
Inventories |
185,001,000
|
Long-term Liabilities |
314,259,000 |
|
Fixed Assets |
202,980,000 |
Other Liabilities |
6,228,000 |
|
Deferred Assets |
100,000 |
Total Liabilities |
408,061,000 |
|
Invest& other Assets |
5,424,000 |
Retained Earnings |
94,588,000 |
|
|
|
Net Worth |
96,588,000 |
|
Total Assets |
504,649,000 |
Total Liab. & Equity |
504,649,000 |
|
Total Assets (Previous Year) |
384,227,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales (Total Income) |
1,597,900,000 |
Net Profit |
7,007,000 |
|
Sales(Previous yr) |
1,252,100,000 |
Net Profit(Prev.yr) |
20,004,000 |
MIRA
INFORM REPORT
|
Inquiry Date : |
12.04.2013 |
|
Report Date : |
30.04.2013 |
|
Given Name : |
SNEHANJALI RETAIL PRIVATE LIMITED |
|
|
|
|
|
|
|
Tel. No.: |
91-22-26787247 |
IDENTIFICATION DETAILS
|
Name : |
SNEHANJALI RETAIL PRIVATE LIMITED (w.e.f. 21.06.2007) |
|
|
|
|
Formerly Known
As : |
SNEHANJALI ESTATES AND TRADING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1, Bonanza Arcade, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
26.06.1982 |
|
|
|
|
Com. Reg. No.: |
11-027571 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U70100MH1982PTC027571 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS29499B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS1600H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Retail Chain Showroom for Electronics and Appliances. |
|
|
|
|
No. of Employees
: |
112 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 380000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
There appears slight dip in profitability during 2011-2012. The external
borrowing seems to be increasing over years. However, general financial position is good. Trade relations are
reported to be fair. Business is active. Payments are reported to be slow but
correct. The company can be considered for normal 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 |
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, Bonanza Arcade, S. V. Road, Amboli, Opposite Aboli Railway Gate,
Andheri (West), Mumbai – 400 058, |
|
Tel. No.: |
91-22-26787247 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
5000 Sq. ft |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
A/2, RK Industries Compound, Opposite Sadhna Industries, Near Oshiwara
Petrol Pump, Oshiwara Bridge, S.V. Road, Jogeshwari, Mumbai – 400 102,
Maharashtra, India |
|
Tel No : |
91-22-26782816 |
|
Area : |
1000 Sq. ft |
|
Location : |
Owned |
|
|
|
|
Showroom : |
Located at: v Malad v Kandivali v Vasai v Nalasopora v Boisar v Kalyan |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Amit Harish Mulchandani |
|
Designation : |
Director |
|
Address : |
101, Gopi Kunj, Khar Danda Road, Khar (West), Mumbai – 400052,
Maharashtra, India |
|
Date of Birth/Age : |
16.02.1982 |
|
Date of Appointment : |
07.03.2011 |
|
DIN No.: |
00643601 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U31909MH1998PTC117664 |
SNEHANJALI
SALES PRIVATE LIMITED |
Director |
01-04-01 |
01-04-01 |
Active |
NO |
|
2 |
U70100MH1982PTC027571 |
SNEHANJALI
RETAIL PRIVATE LIMITED |
Director |
07-03-11 |
07-03-11 |
Active |
NO |
|
Name : |
Mr. Kanaiyalal Kishanchand Mulchandani |
|
Designation : |
Director |
|
Address : |
301, Purshottam Villa, 12th and 13th Road
Corner, Khar (West), Mumbai – 400 052, Maharashtra, India |
|
Date of Birth/Age : |
10.07.1954 |
|
Qualification : |
S.Y.B.Com |
|
Date of Appointment : |
07.05.1986 |
|
DIN No.: |
01101998 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U70100MH1982PTC027571 |
SNEHANJALI
RETAIL PRIVATE LIMITED |
Director |
07-05-86 |
07-05-86 |
Active |
NO |
|
2 |
U52320MH1990PTC056279 |
SNEHANJALI
ELECTRONICS AND APPLIANCES PRIVATE LIMITED |
Director |
25-04-94 |
25-04-94 |
Active |
NO |
|
Name : |
Mr. Niraj Harish Mulchandani |
|
Designation : |
Director |
|
Address : |
101, Gopi Kunj, |
|
Date of Birth/Age : |
17.12.1979 |
|
Date of Appointment : |
07.03.2011 |
|
DIN No.: |
01538797 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U31909MH1998PTC117664 |
SNEHANJALI
SALES PRIVATE LIMITED |
Director |
29-12-98 |
29-12-98 |
Active |
NO |
|
2 |
U70100MH1982PTC027571 |
SNEHANJALI
RETAIL PRIVATE LIMITED |
Director |
07-03-11 |
07-03-11 |
Active |
NO |
|
Name : |
Mr. Harish Kishanchand Mulchandani |
|
Designation : |
Director |
|
Address : |
101, Gopi Kunj, Khar Danda Road, Khar (West), Mumbai – 400 052,
Maharashtra, India |
|
Date of Birth/Age : |
03.07.1951 |
|
Qualification : |
MBBS |
|
Date of Appointment : |
07.05.1986 |
|
DIN No.: |
01103363 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U70100MH1982PTC027571 |
SNEHANJALI
RETAIL PRIVATE LIMITED |
Director |
07-05-86 |
07-05-86 |
Active |
NO |
|
2 |
U52320MH1990PTC056279 |
SNEHANJALI
ELECTRONICS AND APPLIANCES PRIVATE LIMITED |
Director |
25-04-94 |
25-04-94 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Kanaiyalal Mulchandani |
18500 |
|
Harish Mulchandani |
18500 |
|
Rashmi Mulchandani |
18500 |
|
Rakhee Mulchandani |
18500 |
|
Niraj Mulchandani |
18500 |
|
Yogesh Jaswani |
4999 |
|
Deepa N. Mulchandani |
18500 |
|
Manya A. Mulchandani |
19000 |
|
Harish K. Mulchandani (HUF) |
11500 |
|
Amit H. Mulchandani |
18500 |
|
Niraj H. Mulchandani (HUF) |
10500 |
|
Amit H. Mulchandani (HUF) |
10000 |
|
Kanaiyalal K. Mulchandani (HUF) |
13000 |
|
Yogesh M. Jaswani (HUF) |
1000 |
|
Simran Jaswani |
500 |
|
Snehanjali Electronics and Appliances Private Limited, India |
1 |
|
TOTAL
|
200000 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Retail Chain Showroom for Electronics and Appliances. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
112 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
v Axis Bank Limited, Western Zonal Office, Fortune 2000, ‘C’ Wing, Ground Floor, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051, Maharashtra, India v
United Bank of v Standard Chartered Bank, Standard Chartered Tower, 201 B/1, Western Express Highway, Goregaon (East), Mumbai – 400 063, Maharashtra, India v HDFC Bank Limited v ICICI Bank Limited |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Agrawal and Chhajed Chartered Accountants |
|
Address : |
1307, Navjivan Commercial Premises, |
|
Tel No.: |
91-22-23060473 / 23060474 / 28878540 |
|
Fax No.: |
91-22-28866801 |
|
E-Mail : |
|
|
PAN No.: |
AAFFA5707M |
|
|
|
|
Related Parties : |
·
Snehanjali Retail Private Limited ·
Snehanjali Sales Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.10/- each |
Rs. 2.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2.000 |
2.000 |
1.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
94.588 |
87.581 |
40.077 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
96.588 |
89.581 |
41.577 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
229.961 |
156.750 |
133.631 |
|
|
2] Unsecured Loans |
84.298 |
86.079 |
47.423 |
|
|
TOTAL BORROWING |
314.259 |
242.829 |
181.054 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
1.874 |
5.732 |
|
|
|
|
|
|
|
|
TOTAL |
410.847 |
334.284 |
228.363 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
202.980 |
194.094 |
169.257 |
|
|
Capital work-in-progress |
5.424 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.100 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
185.001
|
131.291
|
53.403
|
|
|
Sundry Debtors |
16.662
|
9.738
|
0.406
|
|
|
Cash & Bank Balances |
51.982
|
20.892
|
0.985
|
|
|
Other Current Assets |
0.156
|
16.126
|
6.044
|
|
|
Loans & Advances |
42.344
|
12.086
|
10.000
|
|
Total
Current Assets |
296.145
|
190.133 |
70.838 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
34.022
|
45.556
|
10.273
|
|
|
Other Current Liabilities |
53.552
|
0.000
|
0.135
|
|
|
Provisions |
6.228
|
4.387
|
1.324
|
|
Total
Current Liabilities |
93.802
|
49.943 |
11.732 |
|
|
Net Current Assets |
202.343
|
140.190
|
59.106
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
410.847 |
334.284 |
228.363 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1597.900 |
1252.100 |
572.600 |
|
|
|
Other Income |
|
82.493 |
25.399 |
|
|
|
TOTAL |
1597.900 |
1334.593 |
597.999 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
1318.129 |
590.844 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
NA |
16.464 |
7.155 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
(3.540) |
1.704 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) AFTER
TAX |
7.007 |
20.004 |
5.451 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
35.03 |
132.00 |
36.34 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total
Income |
(%) |
0.44
|
1.50 |
0.91
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
1.31 |
1.25
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
4.28 |
2.98
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.18 |
0.17
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.25
|
2.71 |
4.35
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.16
|
3.81 |
6.04
|
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 |
Yes |
|
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 |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Term Loans From Banks |
84.298 |
86.079 |
|
|
|
|
|
TOTAL |
84.298 |
86.079 |
NOTE
Registered Office of the company has been shifted from 101, Gopi
Kunikhar Danda Road, Khar (West), Mumbai – 400 052, Maharashtra, India to the
present address w.e.f. 01.05.2007.
FINANCIAL RESULTS
The Company has received turnover of Rs.1597.900 Millions (P.Y. 1334.500
Millions) and a net Profit after tax of Rs.7.007 Millions (P.Y. Rs. 20.003 Millions
}.
FORM 8
|
Corporate
identity number of the company |
U70100MH1982PTC027571 |
|
Name of the
company |
SNEHANJALI RETAIL PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
1, Bonanza Arcade, E-Mail: amit@snehanjali.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10200359 |
|
Type of charge |
Immovable
Property Book Debts |
|
Particular of
charge holder |
United Bank of E-Mail: bmkha@unitedbank.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Hypothecation
Agreement for goods, book debts dated 30.03.2012. |
|
Date of
instrument Creating the charge |
30.03.2012 |
|
Amount secured by
the charge |
Rs.80.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Base Rate +
3.35%=presently 13.95% p.a. Terms of Repayment: On demand Margin: 25% on stock and
40% on book debts (except credit card swipes) Extent and Operation of the charge: Hypothecation by
way of creating charge on stock and book debts (except credit card swipes) of
the company as security for repayment of loan together with all interest,
charges and fees payable to the bank by the borrower. |
|
Short particulars
of the property charged |
Stock of
Electronics and Appliances good like LCD, TV, Refrigerator, A.C. and Washing
Machine etc and receivables excluding Credit card Receivables of the Company
situated at Mumbai. |
|
Date of latest
modification prior to the present modification |
25.06.2011 |
|
Particulars of
the present modification |
By present modification
of the charge has been enhanced on dated 30.03.2012 from Rs.50.000 millions
to Rs.80.000 millions by way of hypothecation of goods and book debts (except
credit card receivable). |
FIXED ASSETS
·
Air Conditioner
·
Furniture and Fixture
·
Commercial Premises
·
Computer Machine
·
Electric Fitting, Transformer
and Generator
·
Motor Car
·
Lift
·
WIP Furniture and Fixture
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. 54.27 |
|
|
1 |
Rs. 84.23 |
|
Euro |
1 |
Rs. 70.90 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.