MIRA
INFORM REPORT
|
Report Date : |
02.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHAH COAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Centre Point, 5th Floor, Junction of S.V. Road and Juhu Road,
Santacruz (West), Mumbai - 400054, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
21.03.1997 |
|
|
|
|
Com. Reg. No.: |
11-106763 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 6.700 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH1997PTC106763 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS31298B MUMS24536B NGPS03589F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCS9231R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Coal. |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1000000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Management of the company has failed its latest financial with the government
but the same are not available with us. Mr. Jatin Shah chief accountant
provided with us all information and also confirmed the turnover figure.
However, it is not verified. As per previous year financial (i.e 2012). It seems that the company has
shown better improvement in its business. However, the company is susceptible
to the risk related to the commodity like nature of its products and to
volatility in coal prices. Trade relations are reported as fair. Business is active. Payments
terms are reported to be slow but correct. The company can be considered for business dealings with some
caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross domestic
product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act replaces
a 119 year old registration. The Securities and Exchange Board of India has
approved the trading of currency futures on the Bombay Stock Exchange. The
exchange plans to launch the currency futures platform with advanced trading
technology by the end of November.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: (BB) |
|
Rating Explanation |
Moderate risk of default |
|
Date |
27.12.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: (A4+) |
|
Rating Explanation |
Minimal degree of safety. It carry very high
credit risk. |
|
Date |
27.12.2012 |
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. Jatin Shah |
|
Designation : |
Chief Accountant |
|
Contact No.: |
91-22-26051888 |
|
Date : |
29.11.2013 |
LOCATIONS
|
Registered Office : |
Centre Point, 5th Floor, Junction of S.V. Road and Juhu Road,
Santacruz (West), Mumbai - 400054, Maharashtra, India |
|
Tel. No.: |
91-22-26051888/ 26051945 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Vinay Ramanlal Shah |
|
Designation : |
Director |
|
Address : |
201, Devpuja Building, North Avenve Road, Santacruz (West), Mumbai – 400054, Maharashtra, India |
|
Date of Birth/Age : |
29.02.1958 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
21.03.1997 |
|
PAN No.: |
AACPS4765J |
|
DIN No.: |
00217584 |
|
|
|
|
Name : |
Mr. Ketan Ramanlal Shah |
|
Designation : |
Director |
|
Address : |
2/D-3, Ground Floor, Vapujya, Sarvodaya nagar, Mulund (West), Mumbai – 400080, Maharashtra, India |
|
Date of Birth/Age : |
22.10.1959 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
21.03.1997 |
|
PAN No.: |
AACPS4763Q |
|
DIN No.: |
00217614 |
KEY EXECUTIVES
|
Name : |
Mr. Jatin Shah |
|
Designation : |
Chief Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Madhuben Ramanlal Shah |
|
13001 |
|
Parul Ketan Shah |
|
5000 |
|
Yogini Vinay Shah |
|
2500 |
|
Anjali Ramesh Shah |
|
4001 |
|
Neha Ramesh Shah |
|
4502 |
|
Ketan Ramanlal Shah HUF |
|
5000 |
|
Ramanlal K Shah HUF |
|
5000 |
|
Purvi Vinay Shah |
|
3501 |
|
Aditi Vinay Shah |
|
2505 |
|
Vinay Ramanlal Shah |
|
74990 |
|
Rohan Ketan Shah |
|
95000 |
|
Kunal Vinay Shah |
|
95000 |
|
Ketan Ramanlal Shah |
|
190000 |
|
Adhunik Deal Company Private Limited, India |
|
5000 |
|
Ambition Mechants (Private) Limited, India |
|
12500 |
|
Anil Rawal |
|
10000 |
|
Escort Vincom Private Limited |
|
2500 |
|
Intimted Trade Links (Private) Limited, India |
|
20000 |
|
Jagwani Bharat Ludharam |
|
25000 |
|
Keynote Commercial (Private) Limited, India |
|
7500 |
|
Lakhan Balachandarti |
|
10000 |
|
Mctrocity Infra Projects Advisory Private Limited, India |
|
2500 |
|
Melrocity Management Advisary Service Private Limited, India |
|
10000 |
|
Newedge Vinirnay Private Limited, India |
|
25000 |
|
Saphir Developers Private Limited, India |
|
5000 |
|
Slarmark Tradecomm Private Limited, India |
|
5000 |
|
Suman Towers Private Limited, India |
|
10000 |
|
Unlcontieup Private Limited, India |
|
10000 |
|
Uniglory Developers Private Limited, India |
|
5000 |
|
Vedant Commndeal Private Limited, India |
|
5000 |
|
Total |
|
670000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
18.65 |
|
Directors or relatives of directors |
|
74.63 |
|
Other |
|
6.72 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Coal. |
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Products : |
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Imports : |
|
||||
|
Products : |
·
Coal |
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|
Countries : |
·
South Africa ·
Indonesia |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit/ Depend |
GENERAL INFORMATION
|
Customers : |
Others |
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No. of Employees : |
20 (Approximately) |
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|
Bankers : |
· Union Bank of India, Kalbadevi Branch, A. M. Vidhya Foundation Building 32, Dadi Seth Agiary Lane, Kalbadevi Road,, Mumbai - 400002, Maharashtra, India · Canara Bank, Santacruz (East), Branch, Mumbai – 400055, Maharashtra, India · Axis Bank Limited |
|||||||||||||||
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|
|||||||||||||||
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Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Bipin D Karani and Company Chartered Accountants |
|
Address : |
Mumbai, Maharashtra, India |
|
PAN No.: |
AALFB1686Q |
|
|
|
|
Enterprises which are owned, or have significant influence of or are
partners with Key management personnel and their relatives : |
·
Mehta Coal Company |
|
|
|
|
Sister Concern : |
·
Aarti Logistic (Private Limited |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
670000 |
Equity Shares |
Rs.10/- each |
Rs.6.700
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
6.700 |
5.000 |
|
(b) Reserves & Surplus |
|
256.877 |
72.373 |
|
(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) |
|
263.577 |
77.373 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
|
128.039 |
136.502 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
128.039 |
136.502 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
118.405 |
0.000 |
|
(b)
Trade payables |
|
1196.697 |
261.179 |
|
(c)
Other current liabilities |
|
13.750 |
129.207 |
|
(d) Short-term
provisions |
|
29.000 |
0.000 |
|
Total Current
Liabilities (4) |
|
1357.852 |
390.386 |
|
|
|
|
|
|
TOTAL |
|
1749.468 |
604.261 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible
assets |
|
39.790 |
24.001 |
|
(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 |
|
208.472 |
87.130 |
|
(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 |
|
248.262 |
111.131 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
183.903 |
153.051 |
|
(c)
Trade receivables |
|
179.339 |
61.658 |
|
(d) Cash
and cash equivalents |
|
870.467 |
129.629 |
|
(e)
Short-term loans and advances |
|
267.497 |
148.792 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
1501.206 |
493.130 |
|
|
|
|
|
|
TOTAL |
|
1749.468 |
604.261 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
5.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
40.955 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
45.955 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
7.837 |
|
|
2] Unsecured Loans |
|
|
122.381 |
|
|
TOTAL BORROWING |
|
|
130.218 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
176.173 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
14.878 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
40.237 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1.780
|
|
|
Sundry Debtors |
|
|
22.916
|
|
|
Cash & Bank Balances |
|
|
27.281
|
|
|
Other Current Assets |
|
|
41.690
|
|
|
Loans & Advances |
|
|
51.716
|
|
Total
Current Assets |
|
|
145.383
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
20.006
|
|
|
Other Current Liabilities |
|
|
0.000
|
|
|
Provisions |
|
|
4.319
|
|
Total
Current Liabilities |
|
|
24.325
|
|
|
Net Current Assets |
|
|
121.058
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
176.173 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
4114.397 |
1564.277 |
383.789 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
81.700 |
37.931 |
14.275 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
121.94 |
75.86 |
28.55 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
4500.000 |
|
|
|
|
|
The above information has been parted by Mr. Jatin Shah
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.99
|
2.42 |
3.72 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.93
|
1.76 |
2.83 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11
|
1.26 |
5.98 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
Current maturities of long-term debt |
0.000 |
4.637 |
0.000 |
|
Sr. No. |
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last four 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 |
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 |
Yes |
UNSECURED LOAN
|
Particulars |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
In Millions) |
|
Term loans from others |
101.167 |
127.418 |
|
|
|
|
|
Total |
101.167 |
127.418
|
Note:
The Registered Office of the company has been shifted from 8/A, Moiz
Apartment, 12th TPS Road, Santacruz (East), Mumbai – 400055,
Maharashtra, India to the present address w.e.f. 11.04.2013.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10443355 |
26/06/2013 |
300,000,000.00 |
UNITED BANK OF INDIA |
OVERSEAS (MUMBAI) BRANCH, UBI BUILDING, 1ST FLOOR, 25, SIR PHEROZE SHAH MEHTA ROAD, MUMBAI, MAHARASHTRA - 400001, INDIA |
B82258104 |
|
2 |
10412846 |
21/03/2013 |
634,000.00 |
AXIS BANK LIMITED |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW GARDEN ELLISBRIDGE, AHMEDABAD, GUJARAT - 380006, INDIA |
B71148654 |
|
3 |
10398156 |
19/12/2012 |
86,800,000.00 |
UNITED BANK OF INDIA |
VYOM ARCADE, GROUND FLOOR, OFF SUBHASH ROAD, NEAR |
B66256835 |
|
4 |
10383732 |
11/03/2013 * |
500,000,000.00 |
UNION BANK OF INDIA |
KALBADEVI BRANCH, A. M. VIDHYA FOUNDATION BLDG., |
B74586587 |
|
5 |
10383011 |
28/02/2012 |
200,000,000.00 |
ALLAHABAD BANK |
ANDHERI WEST BRANCH, 188, RAJESH CENTRE,, 1ST FLOOR, S V ROAD, ANDHERI - WEST, MUMBAI, MAHARASHTRA- 400058, INDIA |
B55964902 |
|
6 |
10442547 |
29/06/2011 |
21,249,000.00 |
AXIS BANK LIMITED |
AXIS HOUSE, GROUND FLOOR, BOMBAY DYEING MILLS COMPOUND, P.B
MARG, WORLI, MUMBAI, MAHARASHTRA - 400 |
B22337463 |
|
7 |
10256589 |
27/10/2010 |
8,948,020.00 |
AXIS BANK LIMITED |
SME BUSINESS GROUP, MUMBAI CENTRE, RNA CORPORATE |
A99264384 |
|
8 |
90242554 |
31/08/2004 |
4,775,000.00 |
GE CAPITAL TFS LTD |
4 LINK ROAD JANGPURA EXTN, NEW DELHI, DELHI - 110014, INDIA |
- |
|
9 |
90243465 |
19/04/2000 |
5,000,000.00 |
CANARA BANK |
SANTACRUZ EAST BRANCH, MUMBAI, MAHARASHTRA - 400055, INDIA |
- |
|
10 |
90242251 |
17/07/2013 * |
450,000,000.00 |
CANARA BANK |
SANTACRUZ (E) BRANCH, MUMBAI, MAHARASHTRA - 400055, INDIA |
B81034548 |
* Date of charge modification
FIXED ASSET
· Land
Buildings
Factory
building
Plant
and equipment
Factory
Equipments
Other
plant and equipment
Furniture
and fixtures
Vehicles
Office
equipment
Computer
Equipments
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. 84.98 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.