1. Summary Information
|
|
|
Country |
India |
|
Company Name |
OM VINYLS PRIVATE LIMITED |
Principal Name 1 |
Mr. Narshi Govind Patel |
|
Status |
Moderate |
Principal Name 2 |
Mr. Hiralal Ladha Patel |
|
|
|
Registration # |
11-154369 |
|
Street Address |
Office No.306, 307, 308, 3rd Floor, Vyapar
Bhawan, 49, P. D'mello Road, Masjid Bunder, Mumbai – 400 009, Maharashtra |
||
|
Established Date |
30.06.2005 |
SIC Code |
-- |
|
Telephone# |
91-22-23483550/ 53 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-23733551 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Pvc Films |
|
|
# of employees |
Not
Available |
Product Name 2 |
Sheeting |
|
Paid up capital |
RS.36,855,000/- |
Product Name 3 |
Pvc Leather
Cloth |
|
Shareholders |
Bodies
Corporate – 8.48% Directors
And Relatives of Directors – 91.52% |
Banking |
The
Cosmos Co-Operative Bank Limited |
|
Public Limited Corp. |
NO |
Business Period |
08 Years |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
B
(28) |
|
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 |
149,862,000
|
Current Liabilities |
158,572,000
|
|
Inventories |
49,123,000
|
Long-term Liabilities |
167,629,000 |
|
Fixed Assets |
256,853,000 |
Other Liabilities |
9,655,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
335,856,000 |
|
Invest& other Assets |
19,138,000 |
Retained Earnings |
102,265,000 |
|
|
|
Net Worth |
139,120,000 |
|
Total Assets |
474,976,000 |
Total Liab. & Equity |
474,976,000 |
|
Total Assets (Previous Year) |
218,005,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
NA |
Net Profit |
2,986,000 |
|
Sales(Previous yr) |
541,300,000 |
Net Profit(Prev.yr) |
11,333,000 |
MIRA
INFORM REPORT
|
Report Date : |
02.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
OM VINYLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Office No.306, 307, 308, 3rd Floor, Vyapar
Bhawan, 49, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
30.06.2005 |
|
|
|
|
Com. Reg. No.: |
11-154369 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.36.855
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24134MH2005PTC154369 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMO3782C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer
of PVC Films and Sheeting and PVC Leather Cloth (Calendered, Coated and
Foamed). |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 550000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Profitability of the company appears to be low. However, trade relations are reported as fair. Business is active. Payments
are reported to be slow but correct. The company can be considered for business dealings with some caution.
Note: Latest financial of 2013 is not available with us. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India’s current account
deficit or CAD in April-June widened to 4.9 % of gross domestic product. High
imports of gold and oil led to a worsening of the traqde deficit, resulting in
CAD jumping to $ 21.8 billion to the latest quarter from $ 16.9 billion in the
corresponding quarter of the previous financial year. The government aims to
bring down CAD to 3.7 % or $ 70 billion, in 2013/14, from 4.8 % or $ 88.2
billion in 2012/13.
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in place
to protect the lives of people on which the drugs are tested.
Mumbai has been
named the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top
spot for the world’s most honest city while Lisbon, the capital of Portugal,
proved to be the least honest. The survey put hundreds of people to test
in four continents to find out just how honest they were by dropping wallets
and seeing how many would be returned.
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $ 24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali expenditure by 40 % and
on average spend nearly 25 % of their monthly salary on Diwali, according to a
survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
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. Pritesh |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-22-23483550 |
|
Date : |
23.11.2013 |
LOCATIONS
|
Registered Office : |
Office No.306, 307, 308, 3rd Floor, Vyapar
Bhawan, 49, |
|
Tel. No.: |
91-22-23483550/ 53 |
|
Fax No.: |
91-22-23733551 |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
|
|
|
|
Factory : |
Located at: v
Valsad, |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Narshi Govind Patel |
|
Designation : |
Director |
|
Address : |
Building No.11, Flat No.837, MHB Colony, Kalachowki, Mumbai – 400 033
, |
|
Date of Appointment : |
30.06.2005 |
|
DIN No.: |
00472260 |
|
|
|
|
Name : |
Mr. Hiralal Ladha Patel |
|
Designation : |
Director |
|
Address : |
|
|
Date of Appointment : |
30.06.2005 |
|
DIN No.: |
00472305 |
|
|
|
|
Name : |
Mr. Himanshu Kanji Asher |
|
Designation : |
Director |
|
Address : |
8, Saini Bhavan, |
|
Date of Appointment : |
01.04.2006 |
|
DIN No.: |
00476513 |
|
|
|
|
Name : |
Mr. Savji Govindbhai Ravaria |
|
Designation : |
Director |
|
Address : |
304, Krishna Complex, New GIDC, Gundlav, Valsad – 396 036, |
|
Date of Appointment : |
01.04.2006 |
|
DIN No.: |
01480282 |
|
|
|
|
Name : |
Mr. Madhusudhan Rao Panchalavarapu
|
|
Designation : |
Director |
|
Address : |
803, D Wing, Crown Vasant Marvel, Western Express Highway, Next to
CCI, Borivali (East), Mumbai – 400 040, Maharashtra, India |
|
Date of Appointment : |
01.04.2006 |
|
DIN No.: |
02035457 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Name of Shareholder |
No .of Shares |
|
Mr. Narshi Govind Patel |
1043086 |
|
Mr. Hiralal Ladha Patel |
679578 |
|
Babu Gela Patel |
44000 |
|
Bechar A Gami |
40000 |
|
Bhachiben H. Patel |
175360 |
|
Deepak M. Padia |
29000 |
|
Gopal D. Patel |
76000 |
|
Hira Ladha Patel HUF |
167180 |
|
Jesha Govind Patel |
49300 |
|
Ladha Aanda Vaviya |
43320 |
|
Meena Damji Patel |
255240 |
|
Narshi Ladha Patel (HUF) |
137680 |
|
Savji Govind Ravariya |
174050 |
|
Himanshu Kanji Ashar |
64057 |
|
P Madhusudan Rao |
64057 |
|
Ch. S.V.A. Charyulu |
200 |
|
Jasmina Jagdish Patel |
51710 |
|
Savita Narshi Patel |
254384 |
|
Savji Govind Ravariya
(HUF) |
8570 |
|
Kanaiyalal Pitamber
Suthar |
25710 |
|
Gautam Nanji Verat |
13425 |
|
Mahyavanshi D Soma |
8570 |
|
Kishore Meghji Patel |
14285 |
|
Uniglory Developers
Private Limited |
187500 |
|
Anadloke Suppliers and
Traders Private Limited |
93750 |
|
Shimmer Builder Private
Limited |
31250 |
|
Sobha General Suppliers
Private Limited |
175000 |
|
Cyperus Multitrade
Private Limited |
218750 |
|
Gokul S.Jain |
6250 |
|
Ian Raymond Pareira |
6250 |
|
Lizard Trading Private
Limited |
93750 |
|
|
|
|
Total |
4231262 |
AS ON 30.09.2013
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
18.90 |
|
Directors or relatives of Directors |
80.80 |
|
Other Top Fifty Shareholders |
0.30 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
of PVC Films and Sheeting and PVC Leather Cloth (Calendered, Coated and
Foamed). |
|
|
|
|
Products : |
v
PVC Leather Cloth v
PVC Films and Sheeting |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
·
Germany ·
Kenya ·
South Africa |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Credit |
|
|
|
|
Purchasing : |
L/C, Credit |
GENERAL INFORMATION
|
Customers: |
End Users |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
No. of Employees : |
150 (Approximately) |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
v
The Cosmos Co-operative Bank Limited, Mandvi
Branch, Masjid Bunder, Mandvi West, Mumbai – 400 009, v HDFC Bank Limited v ICICI Bank Limited v Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227, D, Nariman Point, Mumbai-400021, Maharashtra, India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kapadia Shah and Company Chartered Accountants |
|
Address : |
CM-20, Above State Bank of |
|
Tel. No.: |
91-260-2421392/ 2421329 |
|
Fax No.: |
91-260-2428851 |
|
E-Mail : |
|
|
PAN No.: |
AAGFK2662N |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3685548 |
Equity Shares |
Rs.10/- each |
Rs.36.855
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
1260.000 |
|
|
|
|
|
The above information has been parted by Mr. Pritesh (Account Executive)
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
36.855 |
33.430 |
|
(b) Reserves & Surplus |
|
102.265 |
37.991 |
|
(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) |
|
139.120 |
71.421 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
125.054 |
21.957 |
|
(b) Deferred tax liabilities (Net) |
|
3.343 |
3.231 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
128.397 |
25.188 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
42.575 |
43.909 |
|
(b) Trade payables |
|
156.890 |
72.930 |
|
(c) Other current
liabilities |
|
1.682 |
0.419 |
|
(d) Short-term provisions |
|
6.311 |
4.138 |
|
Total Current Liabilities (4) |
|
207.458 |
121.396 |
|
|
|
|
|
|
TOTAL |
|
474.975 |
218.005 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
256.852 |
67.375 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
1.871 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
17.267 |
13.212 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
1.485 |
2.288 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
277.475 |
82.875 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
49.123 |
43.003 |
|
(c) Trade receivables |
|
109.856 |
81.518 |
|
(d) Cash and cash
equivalents |
|
1.545 |
4.110 |
|
(e) Short-term loans and
advances |
|
36.976 |
6.499 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
197.500 |
135.130 |
|
|
|
|
|
|
TOTAL |
|
474.975 |
218.005 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
32.610 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
41.199 |
|
|
4] (Accumulated Losses) |
|
|
(11.274) |
|
|
NETWORTH |
|
|
62.535 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
78.850 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
78.850 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.237 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
141.622 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
65.197 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
11.759 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
38.024 |
|
|
Sundry Debtors |
|
|
74.997 |
|
|
Cash & Bank Balances |
|
|
0.487 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
20.987 |
|
Total
Current Assets |
|
|
134.495 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
65.895 |
|
|
Other Current Liabilities |
|
|
1.073 |
|
|
Provisions |
|
|
3.267 |
|
Total
Current Liabilities |
|
|
70.235 |
|
|
Net Current Assets |
|
|
64.260 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.406 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
141.622 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
541.300 |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
NA |
552.626 |
NA |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
552.626 |
NA |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
2.986 |
11.333 |
NA |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
332.701 |
172.907 |
105.242 |
|
|
TOTAL EARNINGS |
332.701 |
172.907 |
105.242 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.81 |
3.39 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA
|
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA
|
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.20
|
0.92
|
1.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.21
|
1.77
|
1.91 |
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
one 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 |
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 |
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 |
No |
NOTE
The registered office of the company has been shifted from Building No.11, Flat No.837, MHB Colony, Kalachowki, Mumbai – 400 033, Maharashtra to the present address w.e.f. 01.04.2011.
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Term Loans |
|
|
|
Loans and
advances from banks |
|
|
|
Director |
|
|
|
Savjibhai Ravaria |
0.800 |
0.800 |
|
|
|
|
|
TOTAL |
0.800 |
0.800 |
VIEW INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90355535 |
29/09/2011 * |
736,214,000.00 |
The Cosmos Co-op Bank Ltd |
Mandvi Branch,Masjid Bunder, Mandvi West, Mumbai, |
B25839192 |
OPERATING
AND FINANCIAL RESULTS
During
the year the company has incurred Profit of Rs.2.986 Millions, which the
company proposed to carry forward
FIXED ASSETS
· Buildings
· Office Premises
· Plant and Machinery
· Air Conditioner
· Computer and Software
· Tools and Equipments
· Laboratory Equipment
· Electric Installation
· Electric Equipments
· Office Equipment
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..62.39 |
|
|
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.97 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--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 |
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 |
|
28 |
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.