|
Report Date : |
29.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
RAJ PROCESS EQUIPMENTS AND SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 167, Sector-7, PCNTDA, Bhosari, Pune – 411 026, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
07.02.2003 |
|
|
|
|
Com. Reg. No.: |
25-017672 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 100.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299PN2003PTC017672 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNER06704F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCR7924F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Fabrication, Trading and Manufacturing of Special Purpose Machines and
Process Equipments. |
|
|
|
|
No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 828000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having satisfactory track
record. The company has recorded a better increase in its sales turnover and
profitability during the year 2012. 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that
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
|
Name : |
Mr. Rajendra Gandhi |
|
Designation : |
Director |
|
Contact No.: |
91-9373544415 |
|
Date : |
11.06.2013 |
LOCATIONS
|
Registered Office : |
Plot No. 167, Sector-7, PCNTDA, Bhosari, Pune – 411 026, |
|
Tel. No.: |
91-20-27119973/ 24145/ 27124177/ 27124876 |
|
Mobile No.: |
91-9373544415 (Mr. R Gandhi) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area: |
10000 sq. ft |
|
Location : |
Rented |
|
|
|
|
Head Office : |
Jai Ganesh Vision, B Wing, 3rd Floor, Akurdi,
Pune – 411 035, |
|
Tel. No.: |
91-20-40710010/ 40710005/ 40710006/ 40710011/ 27122145/ 27119973/ 27124876 |
|
Fax No.: |
91-20-40710009 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Plot No. 166 and 167, Sector-7, PCNTDA, Bhosari, Pune – 411 026, |
|
|
|
|
Factory 2 : |
Sr. No. 373, Village Kharabwadi, Chakan, Taluka Khed,
District Pune, |
|
Tel. No.: |
91-2135-252251/ 255654 |
|
|
|
|
Factory 3 : |
Plot No. I-14, SEZ, Village Nimgaon, Taluka Khed, District Pune, |
|
|
|
|
Factory 4 : |
Gat No. 530, Village-Ahire, Taluka-Khandala, District Satara, |
|
|
|
|
Regional Office 1 : |
Flat No. 205, |
|
|
|
|
Regional Office 2 : |
303, Ravish Complex, 3rd |
|
|
|
|
Regional Office 3 : |
Unit No. FF-47, 1st Floor, Omaxe Square Jasola District
Centre, |
|
|
|
|
Regional Office 4 : |
First Floor, Plot No. 33/15, |
|
|
|
|
Marketing
Representatives – International : |
Located at: ·
·
·
·
·
·
|
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Anilraj Vasant Pise |
|
Designation : |
Managing Director |
|
Address : |
Flat No. 4, Murlidhar Apartments, 370, Shaniwar Peth, Pune – 411 030, |
|
Date of Birth/Age : |
18.06.1974 |
|
Date of Appointment : |
07.02.2004 |
|
PAN No.: |
ABNPP0266H |
|
DIN No. : |
00324870 |
|
|
|
|
Name : |
Mr. Vasant Eknath Pise |
|
Designation : |
Director |
|
Address : |
At / Post Varkute Malwadi, Man, Satara – 415 509, |
|
Date of Birth/Age : |
01.10.1943 |
|
Date of Appointment : |
07.02.2004 |
|
PAN No.: |
ACGPP2645E |
|
DIN No. : |
00349564 |
|
|
|
|
Name : |
Mr. Vijayraj Vasant Pise |
|
Designation : |
Director |
|
Address : |
Flat No. 4, Murlidhar Apartments, 370, Shaniwar Peth, Pune – 411 030, |
|
Date of Birth/Age : |
03.06.1972 |
|
Date of Appointment : |
13.07.2005 |
|
PAN No.: |
AJDPP2014P |
|
DIN No. : |
00349645 |
|
|
|
|
Name : |
Mr. Mohan Govind Choudhari |
|
Designation : |
Director |
|
Address : |
201, Viola Survey No.118/C-5, Near Cipla Foundation, Warje, Kothrud,
Pune – 411 052, |
|
Date of Birth/Age : |
18.11.1973 |
|
Date of Appointment : |
06.11.2005 |
|
DIN No. : |
00325003 |
|
|
|
|
Name : |
Mr. Yogesh Kamre |
|
Designation : |
Director |
|
Date of Birth/Age : |
30 Years |
|
|
|
|
Name : |
Mr. Sanket Meher |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Rajendra Gandhi |
|
Designation : |
Director |
MAJOR SHAREHOLDERS
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Anilraj Vasant Pise |
|
5500045 |
|
Vasant Eknath Pise |
|
1500045 |
|
Vijayraj Vasant Pise |
|
2999910 |
|
Total |
|
10000000 |
As on 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Fabrication, Trading and Manufacturing of Special Purpose Machines and
Process Equipments. |
|
|
|
|
Products : |
Drying System
Mixers
Evaporators
Other Equipment
|
|
|
|
|
Exports : |
|
|
Products : |
Engineering Goods and Equipments |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
400 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M.M. Sancheti and Company Chartered Accountants |
|
Address : |
273, Sudarshan Apartment, Shridhar Nagar, Chinchwad, Pune – 411 033, |
|
PAN
No.: |
ABYPS7415A |
CAPITAL STRUCTURE
After 29.09.2012
Authorised Capital : Rs. 150.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 150.000
Millions
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs. 10/- each |
Rs. 150.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs. 10/- each |
Rs. 100.000
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
100.000 |
42.000 |
|
(b) Reserves & Surplus |
|
106.975 |
93.886 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
206.975 |
135.886 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
239.668 |
135.282 |
|
(b) Deferred tax
liabilities (Net) |
|
1.934 |
0.856 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
241.602 |
136.138 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
0.000 |
0.000 |
|
(b) Trade
payables |
|
201.764 |
93.366 |
|
(c) Other
current liabilities |
|
23.361 |
13.589 |
|
(d) Short-term
provisions |
|
50.049 |
49.856 |
|
Total Current
Liabilities (4) |
|
275.174 |
156.811 |
|
|
|
|
|
|
TOTAL |
|
723.751 |
428.835 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
171.834 |
91.028 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
171.834 |
91.028 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.025 |
0.025 |
|
(b)
Inventories |
|
131.111 |
90.828 |
|
(c) Trade
receivables |
|
358.101 |
203.363 |
|
(d) Cash
and cash equivalents |
|
12.456 |
6.025 |
|
(e)
Short-term loans and advances |
|
28.108 |
29.961 |
|
(f) Other
current assets |
|
22.116 |
7.605 |
|
Total
Current Assets |
|
551.917 |
337.807 |
|
|
|
|
|
|
TOTAL |
|
723.751 |
428.835 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
15.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
72.073 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
87.073 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
72.178 |
|
|
2] Unsecured Loans |
|
|
5.006 |
|
|
TOTAL BORROWING |
|
|
77.184 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.744 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
165.001 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
91.884 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.025 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
68.985
|
|
|
Sundry Debtors |
|
|
115.449
|
|
|
Cash & Bank Balances |
|
|
8.642
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
13.469
|
|
Total
Current Assets |
|
|
206.545
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
95.916
|
|
|
Other Current Liabilities |
|
|
29.104
|
|
|
Provisions |
|
|
8.433
|
|
Total
Current Liabilities |
|
|
133.453
|
|
|
Net Current Assets |
|
|
73.092
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
165.001 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
628.365 |
448.122 |
211.998 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
114.720 |
88.147 |
29.183 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
9.349 |
9.788 |
6.558 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
105.371 |
78.359 |
22.625 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
33.204 |
18.085 |
8.432 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
72.167 |
60.274 |
14.193 |
|
|
|
|
|
|
|
|
|
|
PROFIT CARRIED
TO BALANCE SHEET |
1.695 |
11.955 |
1.793 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
7.22 |
14.35 |
NA |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
1000.000 |
Expected Sales (2013-2014): Rs. 1800.000 Millions
The above information has been parted by Mr. Rajendra Gandhi (Director).
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.56
|
18.27
|
7.58
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.51
|
0.58
|
0.26
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.16
|
0.99
|
0.89
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.01
|
2.15
|
1.55
|
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 |
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
No |
Note: The Registered
Office of the company has been shifted from 370, Muralidhar Apartments,
Shaniwar Peth, Pune - 411 030, Maharashtra, India to the present address w.e.f.
10.08.2007.
UNSECURED LOANS:
|
Particulars |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Loan from director |
9.075 |
9.075 |
|
Total
|
9.075 |
9.075 |
INDEX OF CHARGE:
|
Sr .No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10430365
|
10/06/2013
|
1,718,000.00
|
HDFC
BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG,
LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B76830595
|
|
2 |
10401562
|
25/03/2013
* |
2,400,000.00
|
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
C-2, KOHINOOR ESTATE
CO-OPERATIVE HOUSING SOCIETY, PLOT NO. 12, MULA ROAD, SANGAMWADI, PUNE, Maharashtra - 411003, INDIA |
B73021834
|
|
3 |
10402208
|
01/06/2013
* |
2,400,000.00
|
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
C-2, KOHINOOR ESTATE
CO-OPERATIVE HOUSING SOCIETY, PLOT NO. 12, MULA ROAD, SANGAMWADI, PUNE, Maharashtra
411003, INDIA |
B77115913
|
|
4 |
10402202
|
22/01/2013
|
31,500,000.00
|
THE
SARASWAT CO-OP. BANK LIMITED |
C-2, KOHINOOR ESTATE
CO-OPERATIVE HOUSING SOCIETY, PLOT NO. 12, MULA ROAD, SANGAMWADI, PUNE,
Maharashtra- 411003, INDIA |
B67784629
|
|
5 |
10385882
|
23/10/2012
|
586,000.00
|
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
2ND FLOOR, F.C.ROAD BRANCH,
RASEC, GANESHWADI,OPP . VAISHALI HOTEL SHIVAJI NAGAR, PUNE, Maharashtra 411004, INDIA |
B61879292
|
|
6 |
10386625
|
23/10/2012
|
1,083,000.00
|
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
2ND FLOOR, F.C.ROAD BRANCH,
RASEC, GANESHWADI,OPP. VAISHALI HOTEL SHIVAJI NAGAR, PUNE, Maharashtra-
411004, INDIA |
B62104617
|
|
7 |
10380899
|
06/10/2012
|
72,000,000.00
|
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
C-2, KOHINOOR ESTATE
CO-OPERATIVE HOUSING SOCIETY, PLOT NO. 12, MULA ROAD, SANGAMWADI,, PUNE,
Maharashtra- 411003, INDIA |
B59824466
|
|
8 |
10380895
|
06/10/2012
* |
5,600,000.00
|
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
C-2, KOHINOOR ESTATE
CO-OPERATIVE HOUSING SOCIETY, PLOT NO. 12, MULA ROAD, SANGAMWADI, PUNE,
Maharashtra - 411003,INDIA |
B60772233
|
|
9 |
10380896
|
06/10/2012
* |
13,300,000.00
|
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
C-2, KOHINOOR ESTATE
CO-OPERATIVE HOUSING SOCIETY, PLOT NO. 12, MULA ROAD, SANGAMWADI, PUNE,
Maharashtra - 411003,INDIA |
B60773157
|
|
10 |
10356532
|
17/05/2012
|
942,000.00
|
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
2ND FLOOR ABOVE F C ROAD
BRANCH GANESHWADI, OPP HOTEL VAISHALI SHIVAJI NAGAR, PUNE, Maharashtra -
411004,INDIA |
B39918206
|
* Date of charge modification
FIXED ASSETS:
·
·
Office Premises
·
·
Electrical Installation
·
Plant and Machinery
·
Computers
·
Office Equipments
·
Furniture and Fixture
·
Vehicle – Star Bus
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. 68.36 |
|
|
1 |
Rs. 106.03 |
|
Euro |
1 |
Rs. 91.47 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.