1. Summary Information
|
|
|
Country |
India |
|
Company Name |
Dynamic Orbits Advisory Private Limited |
Principal Name 1 |
Mr. Bajranglal Bajaj |
|
Status |
Moderate |
Principal Name 2 |
Mr. Nitesh Mangilal Porwal |
|
|
|
Registration # |
11-101720 |
|
Street Address |
1002, 10th
Floor, B-Wing, Aster Tower, Vasant Valley – II, Off General A.K. Vaidya Marg,
Malad (East), Mumbai – 400097, Maharashtra, India |
||
|
Established Date |
08.08.1996 |
SIC Code |
-- |
|
Telephone# |
91-22-66715431 |
Business Style 1 |
Distribution |
|
Fax # |
91-22-66715434 |
Business Style 2 |
Sourcing |
|
Homepage |
Product Name 1 |
Chemicals |
|
|
# of employees |
Not Available |
Product Name 2 |
Polymers |
|
Paid up capital |
Rs.9,000,000/- |
Product Name 3 |
Specialty Products |
|
Shareholders |
Bodies corporate -4.40%, Directors or relatives of
directors- 95.60% |
Banking |
Bank of India |
|
Public Limited Corp. |
No |
Business Period |
17 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B
(29) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiaries |
-- |
Dynamic Orbits Consultants Private Limited: |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
75,417,000 |
Current Liabilities |
23,320,000 |
|
Inventories |
10,533,000 |
Long-term Liabilities |
46,222,000 |
|
Fixed Assets |
3,146,000 |
Other Liabilities |
2,216,000 |
|
Deferred Assets |
330,000 |
Total Liabilities |
71,758,000 |
|
Invest& other Assets |
344,000 |
Retained Earnings |
9,012,000 |
|
|
|
Net Worth |
18,012,000 |
|
Total Assets |
89,770,000 |
Total Liab. & Equity |
89,770,000 |
|
Total Assets (Previous Year) |
65,793,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales (Income from Operations) |
217,713,000 |
Net Profit |
579,000 |
|
Sales(Previous yr) Income
from Operations |
156,832,000 |
Net Profit(Prev.yr) |
33,000 |
|
Report Date : |
09.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
DYNAMIC ORBITS ADVISORY
PRIVATE LIMITED (w.e.f. 24.06.2004) |
|
|
|
|
Formerly Known
As : |
BRAJESHWAR
INVESTRADE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1002, 10th
Floor, B-Wing, Aster Tower, Vasant Valley – II, Off General A.K. Vaidya Marg,
Malad (East), Mumbai – 400097, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
08.08.1996 |
|
|
|
|
Com. Reg. No.: |
11-101720 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U67120MH1996PTC101720 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMD11401F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB4731G |
|
|
|
|
Legal Form : |
Private Limited
Liability Company |
|
|
|
|
Line of Business
: |
Trading of Chemicals, Advisory Services and Commission Incomes. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 72000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Profit margin of the company appears to be low. However, trade relations are fair. Business is active. Payment terms are
slow but correct. The company can be considered for business dealing 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.
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
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.
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: |
1002, 10th
Floor, B-Wing, |
|
Tel No.: |
91-22-66715431/35 |
|
Fax No. ; |
91-22-66715434 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head / Delhi Office: |
1G, First Floor, |
|
Tel. No.: |
91-11-43558000 to 8030/4355 7711 |
|
Fax No.: |
91-11-43558024/ 43557718/ 41520524 |
|
E-Mail : |
|
|
Area : |
2500 Sq. Feet |
|
Location : |
Rented |
|
|
|
|
Corporate Office : |
3rd Floor, |
|
Tel. No.: |
91-22-66377000 |
|
Fax No. : |
91-22-66377017 |
|
E Mail : |
|
|
|
|
|
Mumbai Office : |
4th Floor, Silver Meropoils Building, Jai Coach Components,
Opposite Bimbisar Nagar, Goregaon (East), Mumbai – 400063, Maharashtra, India
|
|
Tel. No.: |
91-22-65342589 |
|
Fax No.: |
91-22-26858076 |
DIRECTORS
AS ON 23.09.2013
|
Name : |
Mr. Bajranglal Bajaj |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
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|
Address : |
B – 307, Yojana Vihar, Delhi – 110092, India |
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|
Date of Birth/Age : |
15.09.1965 |
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|
Qualification : |
FCA, FCS |
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|
Date of Appointment : |
19.07.2004 |
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|
DIN No.: |
00041909 |
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Other Directorship:
|
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|
Name : |
Mr. Anand Rathi |
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Designation : |
Director |
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|
Address : |
Kalp Taru Horizon, 274 A, 27th Floor, S. K. Ahire Marg, Near
Doodarshan Kendra, Worli, Mumbai – 400025, Maharashtra, India |
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Date of Birth/Age : |
25.06.1946 |
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|
Qualification : |
FCA |
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Date of Appointment : |
26.10.2005 |
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|
DIN No.: |
00112853 |
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Other Directorship:
|
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|
Name : |
Mr. Nitesh Mangilal Porwal |
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Designation : |
Director |
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Address : |
C/o Sudhir M. Jain, Parsi Chawl, Madhav Bhuvan, Opposite Western Railway,
Workshop, Lower Parel, Mumbai – 400013, Maharashtra, India |
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Date of Birth/Age : |
08.12.1978 |
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Date of Appointment : |
02.07.2009 |
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DIN No.: |
02292709 |
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Other Directorship:
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MAJOR SHAREHOLDERS
AS ON 23.09.2013
|
Names of Equity Shareholders |
|
No. of Shares |
|
B L Bajaj |
|
60000 |
|
Amit Capital and Securities Private Limited, |
|
8802 |
|
Anand Rathi |
|
131198 |
|
|
|
|
|
Total |
|
200000 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Amit Rathi |
|
350000 |
|
Anand Rathi, Karta of Anand Rathi HUF
|
|
350000 |
|
|
|
|
|
Total |
|
700000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 23.09.2013
|
Category |
Percentage |
|
Bodies corporate |
4.40 |
|
Directors or relatives of directors |
95.60 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading of Chemicals, Advisory Services and Commission Incomes. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
· Bank of India, Electric House Branch, Electric House, B.E.S.T. Marg, Colaba, Mumbai – 400001, Maharashtra, India · HDFC Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
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Auditors : |
|
|
Name : |
Lochan and
Company Chartered
Accountants |
|
Address : |
F–209/4, |
|
Tel. No.: |
91-11-43036699/ 22374230 |
|
Mobile No.: |
91-9910952969 |
|
PAN No.: |
AAIPK8554H |
|
E-Mail : |
rkhater209@yahoo.com |
|
|
|
|
Joint Venture : |
· Reach Law Environment Dynamic Private Limited |
|
|
|
|
Associates : |
· Anand Rathi Capital Advisors Private Limited |
|
|
|
|
Subsidiaries : |
· Dynamic Orbits Consultants Private Limited CIN No.: U74140DL2010PTC206594 |
CAPITAL STRUCTURE
AS ON 23.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs.3.000 Millions |
|
700000 |
Preference Shares |
Rs.10/- each |
Rs.7.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.10.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 Millions |
|
700000 |
Preference Shares |
Rs.10/- each |
Rs.7.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.9.000
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
9.000 |
|
(b) Reserves & Surplus |
|
|
9.012 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
0.000 |
|
(2) Share Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
18.012 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
1.021 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c) Other long term liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
0.000 |
|
Total Non-current Liabilities (3) |
|
|
1.021 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
45.201 |
|
(b) Trade payables |
|
|
21.213 |
|
(c) Other current
liabilities |
|
|
2.216 |
|
(d) Short-term provisions |
|
|
2.107 |
|
Total Current Liabilities (4) |
|
|
70.737 |
|
|
|
|
|
|
TOTAL |
|
|
89.770 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
3.146 |
|
(ii) Intangible Assets |
|
|
0.000 |
|
(iii) Capital work-in-progress |
|
|
0.000 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.344 |
|
(c) Deferred tax assets (net) |
|
|
0.330 |
|
(d) Long-term Loan and Advances |
|
|
0.000 |
|
(e) Other Non-current assets |
|
|
0.000 |
|
Total Non-Current Assets |
|
|
3.820 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
10.533 |
|
(c) Trade receivables |
|
|
51.372 |
|
(d) Cash and cash
equivalents |
|
|
10.640 |
|
(e) Short-term loans and
advances |
|
|
2.251 |
|
(f) Other current assets |
|
|
11.154 |
|
Total Current Assets |
|
|
85.950 |
|
|
|
|
|
|
TOTAL |
|
|
89.770 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
9.000 |
9.000 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
8.433 |
8.400 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
17.433 |
17.400 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
27.651 |
13.998 |
|
|
2] Unsecured Loans |
|
8.400 |
21.090 |
|
|
TOTAL BORROWING |
|
36.051 |
35.088 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
53.484 |
52.488 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
4.831 |
4.954 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.344 |
0.099 |
|
|
DEFERREX TAX ASSETS |
|
0.267 |
0.208 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
9.733
|
11.854 |
|
|
Sundry Debtors |
|
31.449
|
33.281 |
|
|
Cash & Bank Balances |
|
10.043
|
7.654 |
|
|
Other Current Assets |
|
6.107
|
6.887 |
|
|
Loans & Advances |
|
3.019
|
1.644 |
|
Total
Current Assets |
|
60.351
|
61.320 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
9.922
|
10.026 |
|
|
Other Current Liabilities |
|
1.086
|
2.248 |
|
|
Provisions |
|
1.301
|
1.819 |
|
Total
Current Liabilities |
|
12.309
|
14.093 |
|
|
Net Current Assets |
|
48.042
|
47.227 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
53.484 |
52.488 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales & Income from Operations |
217.713 |
156.832 |
128.338 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND EXTRAORDINARY ITEMS |
8.951 |
5.297 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE EXTRAORDINARY ITEMS AND TAX |
0.864 |
0.201 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
NA |
0.741 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
0.229 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.579 |
0.033 |
0.512 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods |
0.233 |
0.533 |
0.000 |
|
|
|
Advisory and Commission Income |
22.025 |
18.542 |
18.115 |
|
|
TOTAL EARNINGS |
22.258 |
19.075 |
18.115 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Import on Trading Goods |
132.604 |
78.978 |
69.194 |
|
|
TOTAL IMPORTS |
132.604 |
78.978 |
69.194 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.64 |
0.04 |
2.56 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA
|
1.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA
|
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.57
|
2.77
|
2.83 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.22
|
4.90
|
4.35 |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
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 |
NOTE: The registered
office of the company has been shifted from 4th Floor, Silver Metropolis, Jai
Coach Compound, Opposite Bimbisar Nagar, Goregoan (East), Mumbai – 400 063,
Maharashtra to the present address w.e.f. 20.12.2010.
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Loans and Advances from related parties Anand Rathi Capital Advisor Private Limited |
1.021 |
8.400 |
|
|
|
|
|
Total |
1.021 |
8.400 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10010426 |
28/05/2011 * |
60,000,000.00 |
BANK OF INDIA |
ELECTRIC HOUSE BRANCH, ELECTRIC HOUSE, BEST MARG, COLABA, MUMBAI - 400001, MAHARASHTA, INDIA |
B14830533 |
* Date of charge modification
REVIEW OF
OPERATIONS:
During the year operations were quite satisfactory, subject achieved a growth
of 38.8% in top line. However currency fluctuations resulted in lower margins.
Subject continued its business development efforts to add more products and
services to its portfolio.
FIXED ASSETS:
· Office Equipment
· Furniture and Fixture
· Motor Car
· Computers
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.61.67 |
|
|
1 |
Rs.100.65 |
|
Euro |
1 |
Rs.84.25 |
INFORMATION DETAILS
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--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 |
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 |
|
29 |
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.