MIRA
INFORM REPORT
|
Report Date : |
18.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
YOSHAMA AND COMPANY PRIVATE LIMITED |
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Registered
Office : |
No.94, S.V. Road, Mumbai – 400056, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
03.03.1972 |
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Com. Reg. No.: |
11-015651 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.356 Million |
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CIN No.: [Company Identification
No.] |
U74999MH1972PTC015651 |
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|
Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Manufacturer, Wholesale Suppliers, Exporter of Spring Wire Forms. |
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No. of Employees
: |
Information declined by the management |
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 34000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small company in its field. It scale of activities
is limited. It has a moderate track record. Management of the company failed to file its latest financial of 2013
with government department. As per recorded of 2012 it has incurred loss from its operations.
There appears some dip in the sales turnover of the company during 2012. However, trade relations are reported as fair. Business is active.
Payment terms are reported as slow. The company can be considered for small to mediocre 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.
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 DECLINED BY
|
Name : |
Mr. Vivek Yogesh Bhatt |
|
Designation : |
Director |
|
Contact No.: |
91-9741750025 |
|
Date : |
17.12.2013 |
LOCATIONS
|
Registered Office : |
No.94, S.V. Road, Mumbai – 400056, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9741750025 (Mr. Vivek Yogesh Bhatt) |
|
Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Factory : |
#6411, 3rd Cross, S.S.I. Area, Post Box #1030, Rajajinagar,
Bangalore - 560010, Karnataka, India |
|
Tel. No.: |
91-080-23350025 / 23350237 |
|
Fax No.: |
91-080-23381799 |
DIRECTORS
As on 21.09.2012
|
Name : |
Mr. Yogesh Vishwanath Bhatt |
|
Designation : |
Managing director |
|
Address : |
639, 9th Main 3rd Stage, 3rd Blook,
Basaveshwaranagar, Bangalore – 560079, Karnataka, India |
|
Date of Birth/Age : |
22.01.1944 |
|
Date of Appointment : |
13.03.1972 |
|
DIN No.: |
00330096 |
|
|
|
|
Name : |
Mr. Vivek Yogesh Bhatt |
|
Designation : |
Director |
|
Address : |
639, 9th Main 3rd Stage, 3rd Blook, Basaveshwaranagar,
Bangalore – 560079, Karnataka, India |
|
Date of Birth/Age : |
03.01.1977 |
|
Date of Appointment : |
30.08.2005 |
|
DIN No.: |
01312133 |
|
|
|
|
Name : |
Mr. Raghuprasad N. S. |
|
Designation : |
Director |
|
Address : |
62/1, 6th Main 15th A Cross Mallesgwaram,
Bangalore – 560055, Karnataka, India |
|
Date of Birth/Age : |
09.12.1959 |
|
Date of Appointment : |
15.11.1989 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 21.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Yogesh V. Bhatt |
|
3183 |
|
Anjali Y Bhatt |
|
109 |
|
Divya Y Bhatt |
|
108 |
|
Vivek Y Bhatt |
|
126 |
|
Shweta V Bhatt |
|
30 |
|
Total |
|
3556 |
As on 21.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Wholesale Suppliers, Exporter of Spring Wire Forms. |
GENERAL INFORMATION
|
Customers : |
· ABB Haridwar · ABB Limited · AdvikHi-Tech Private Limited · Advik Hi Tech Manesar · Advik Hi Tech Plant III · Advik HI Tech Private Limited - Plant IX · Adwaith Lakshmi Industries Limited · AESCON · Annapurna Mechatronics Private Limited · Bharath Electronics Limited · Baker Gauges India Private Limited.- Pune · Crompton Greaves Limited - Bangalore · Cubic Systems · Cutting Edge · Darshna Plastic Industry · Diabu Diamont Tools (India) Private Limited · Easun Reyrolle Limited · Eco Auto Components Limited · Electronics Corporation of India Limited · Esskay Hardware Supplies · FCIOEN Connectrors Limited ·
GE India Technologies Centre |
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No. of Employees : |
Information declined by the management |
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Bankers : |
· State Bank of India, Sme City Credit Centre, Seshadripuram, Badaganadu Sangha Building Kumara Park, Bangalore - 560020, Karnataka, India ·
HDFC Bank Limited, HDFC Bank Housesenapati
Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India |
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Facilities : |
(Rs.
In Millions)
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Banking Relations
: |
-- |
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Auditors : |
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|
Name : |
S. Janardhan and associates Chartered Accountants |
|
Address : |
103 and 106, Embassy Centre, No. 11, Crescent Road, Bangalore – 560001, Karnataka, India |
|
Tel. No.: |
91-80-22265438, 22260055, 22202709 |
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Fax No.: |
91-80-22265572 |
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E-Mail : |
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PAN.: |
AACFM2246C |
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|
Associates : |
Bangalore Springs Private Limited |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.100/- each |
Rs.1.000 Million |
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3556 |
Equity Shares |
Rs.100/-
each |
Rs.0.356
Million |
|
|
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|
The Company has only one class of shares referred to as equity shares having a par value of Rs.100/-. Each holder of equity shares is entitled to one vote per share held.
The Company declares and pays dividend in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing annual general meeting.
Dividend, if approved, is payable to the shareholders in proportion to their shareholding.
In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the company. The distribution will be in proportion to the number of equity shares held by the shareholders.
There are no bonus shares issued, share issued for consideration other than cash and shares bought back during the period of five year immediately preceding the reporting date.
Reconciliation of
number of Shares
|
Equity Shares; |
Number of Shares |
Amount In Millions |
|
Balance as at the beginning of the previous year |
3,556 |
0.356 |
|
Add: Shares issued during the year |
-- |
-- |
|
Balance as at the end of the year |
3,556 |
0.356 |
Details of Shares
held by shareholders, holding more than 5% of the aggregate shares in the
Company.
|
Particular |
Number of Shares |
Percentage |
|
Yogesh V Bhatt |
1,614 |
45.39 |
|
Yogesh V Bhatt (HUF) |
1,569 |
44.12 |
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 |
|
0.356 |
0.356 |
|
(b) Reserves & Surplus |
|
8.195 |
8.979 |
|
(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) |
|
8.551 |
9.335 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
8.575 |
4.889 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
1.565 |
0.309 |
|
Total Non-current Liabilities (3) |
|
10.140 |
5.198 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
5.326 |
4.529 |
|
(b) Trade payables |
|
1.666 |
1.304 |
|
(c) Other current
liabilities |
|
2.605 |
2.423 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
Total Current Liabilities (4) |
|
9.597 |
8.256 |
|
|
|
|
|
|
TOTAL |
|
28.288 |
22.789 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
12.745 |
9.771 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.563 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.002 |
0.003 |
|
(c) Deferred tax assets (net) |
|
0.844 |
0.348 |
|
(d) Long-term Loan and Advances |
|
0.224 |
0.262 |
|
(e) Other Non-current assets |
|
1.593 |
0.000 |
|
Total Non-Current Assets |
|
15.408 |
10.947 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
3.477 |
3.535 |
|
(c) Trade receivables |
|
8.115 |
7.929 |
|
(d) Cash and cash
equivalents |
|
0.545 |
0.233 |
|
(e) Short-term loans and
advances |
|
0.743 |
0.145 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
12.880 |
11.842 |
|
|
|
|
|
|
TOTAL |
|
28.288 |
22.789 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.356 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
8.673 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
9.029 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
5.978 |
|
|
2] Unsecured Loans |
|
|
3.770 |
|
|
TOTAL BORROWING |
|
|
9.748 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
18.777 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
11.299 |
|
|
Capital work-in-progress |
|
|
0.562 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.003 |
|
|
DEFERREX TAX ASSETS |
|
|
0.300 |
|
|
Other Non-Current Assets |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
3.960 |
|
|
Sundry Debtors |
|
|
6.095 |
|
|
Cash & Bank Balances |
|
|
0.194 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
1.111 |
|
Total
Current Assets |
|
|
11.360 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
2.299 |
|
|
Other Current Liabilities |
|
|
1.915 |
|
|
Provisions |
|
|
0.533 |
|
Total
Current Liabilities |
|
|
4.747 |
|
|
Net Current Assets |
|
|
6.613 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
18.777 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
23.347 |
23.744 |
18.371 |
|
|
|
Other Income |
0.125 |
0.006 |
0.208 |
|
|
|
TOTAL (A) |
23.472 |
23.750 |
18.579 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
4.860 |
5.979 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and Stock-in-Trade |
0.173 |
0.201 |
15.847 |
|
|
|
Employee benefits expense |
7.255 |
6.697 |
|
|
|
|
Other expenses |
7.012 |
7.598 |
|
|
|
|
Extraordinary Items |
1.254 |
0.000 |
|
|
|
|
TOTAL (B) |
20.554 |
20.475 |
15.847 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2.918 |
3.275 |
2.732 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.633 |
0.940 |
0.766 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.285 |
2.335 |
1.966 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.426 |
1.855 |
1.591 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(1.141) |
0.480 |
0.375 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.357) |
0.173 |
0.158 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(0.784) |
0.307 |
0.217 |
|
|
|
|
|
|
|
|
|
Less |
Prior Period Expenses ` |
NA |
0.000 |
0.115 |
|
|
|
|
|
|
|
|
|
Less |
Income tax relating to earlier year |
NA |
0.000 |
0.013 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
8.416 |
8.327 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
8.723 |
8.416 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
0.509 |
0.472 |
|
|
TOTAL IMPORTS |
NA |
0.509 |
0.472 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(LOSS) Per Share (Rs.) |
(4.02) |
1.57 |
25.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(3.34)
|
1.29 |
1.17 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(4.89)
|
2.02 |
2.04 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(4.41)
|
2.19 |
1.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.13)
|
0.05 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.31
|
1.44 |
1.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.25
|
3.00 |
2.39 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT
Rs. In Millions
|
Particular |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
TERM Loan with HDFC Bank Limited |
1.154 |
0.666 |
NA |
|
|
|
|
|
|
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 |
No |
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
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 Mumbai - 400056, Maharashtra, India to present address w.e.f. 14.12.2007
FINANCIAL RESULT
On the working of the Company for the Thirty Eighth Financial Year ended 31st March, 2012, together with the report of the Auditors thereon.
During the year, the Company's turnover has decreased to Rs.23.347 Millions from Rs. 23.744 Millions from the previous year. During the year company has earned a Net Profit of Rs. 1.141 Millions as compared to the Profit of Rs. 0.480 Million in the previous year after providing depreciation of Rs.2.426 Millions (Previous year Rs.1.855 Millions).
In view of the future expansion plans, the Directors do not recommend payment of any Dividend.
CONTINGENT
LIABILITIES AND COMMITMENTS (TO THE EXTENT NOT PROVIDED FOR)
Rs. In Millions
|
Particular |
31.03.2012 |
31.03.2011 |
|
Contract Performance Guarantee |
1.000 |
1.000 |
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
LONG TERM
BORROWINGS |
|
|
|
Loan from Shareholders |
|
|
|
Ashwini M.Bhatt |
0.337 |
0.337 |
|
Divya Y. Bhatt |
0.011 |
0.318 |
|
Manju Rajendra Thakur |
0.320 |
0.320 |
|
Rajendra Thakur |
0.320 |
0.320 |
|
Shwetha V.Bhatt |
1.174 |
1.198 |
|
Usha Y.Dave |
0.475 |
0.475 |
|
Yatish M.Bhatt |
0.083 |
0.083 |
|
Yogesh V.Bhatt (HUF) |
0.666 |
0.667 |
|
Total |
3.386 |
3.718 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10284972 |
16/12/2011 * |
1,320,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B28977817 |
|
2 |
10275427 |
21/03/2012 * |
13,975,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B35712033 |
|
|
|
|
|
|
|
|
* Date of charge modification
FIXED ASSETS
·
Building
·
Plant and Machinery
·
Electrical Installation
·
Computer
·
Office Equipments
·
Furniture and Fixtures
·
Vehicle
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.61.96 |
|
|
1 |
Rs.101.14 |
|
Euro |
1 |
Rs.85.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
NTH |
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 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--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.