MIRA
INFORM REPORT
|
Report Date : |
09.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
GURU SECURITY FORCE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Singh Niwas Nalpadakapurbawadi,
Thane-400607, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation
: |
16.09.1998 |
|
|
|
|
Com. Reg. No.: |
11-116542 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 6.829 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74920MH1998PTC116542 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMG13082G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCG0276A |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
Subject is engaged in providing manned guarding security services. |
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|
|
|
No. of Employees
: |
Not Available |
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 106000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having a moderate track record. The latest financials are not available. As per previous year’s record, the financial position of the company
appeared vulnerable due to huge external borrowings. There appears some dip
in the profitability. However, trade relations are reported as fair. Business is active.
Payment terms are unknown. 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.
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 is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
BB (Long term rating) |
|
Rating Explanation |
Moderate risk of default |
|
Date |
21.08.2012 |
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.
LOCATIONS
|
Registered Office : |
Singh Niwas Nalpadakapurbawadi,
Thane-400607, Maharashtra, India |
|
Tel. No.: |
91- 22-25006349 |
|
Mobile No.: |
91-9819434515 (Mr. Vijay Singh) 91-9167698068 (Mr. Lalbhadur) 91-9820282318 (Mr. Kander) |
|
Fax No.: |
91- 22-25003370 |
|
E-Mail : |
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|
|
|
|
Corporate Office : |
10, Malwa, Patanwala Compound, L.B.S.
Marg, Opp. Shreyas Threatre, Ghatkopar (West), Mumbai-400086, India |
|
Tel. No.: |
91-22-25006349 |
|
Fax No.: |
91-22-25003370 |
|
|
|
|
Branch 1 : |
Office No- 10 , Puneet Tawer 2, C B D
Belapur Sector -11 , Mumbai - 410 210, Maharashtra, India |
|
Tel. No.: |
91-22-27563266 |
|
|
|
|
Branch 2 : |
172/1/1, Sion Bhandarwada, Shivaji Nagar,
Near Gujarat Dairy, Sion (East) Mumbai-400022, India |
|
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|
Branch 3 : |
Sr.no 66/1, CME Colony, Tukaram Nagar, New
Sangvi, Pune-411027, India |
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|
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Branch 4 : |
Sindhi Colony Road Above Pramod Dairy,
Jalgoan, Maharashtra, India |
|
Tel. No.: |
91-9822-901035 |
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|
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|
Branch 5 : |
Shop no.12 Chabaya Park, Opposite Big
Bazar, Kapurbawdi, Thane Bhiwandi Road, Thane, India |
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Branch 6 : |
Savroli Village Near Baba Steel Company,
Khalapur, Khopoli, District Raigarh, India |
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Branch 7 : |
10 Puneet Tower II,Plot No.53 Sector 11
CBD, Belapur, Navi Mumbai-400614, India |
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Branch 8 : |
Flat No.1,Suravi Appartment, Bhaikaka
Nagar, Near Home Town, Thaltej, Ahmedabad, India |
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Branch 9 : |
Jojobera Camp, Near Mithla Drug Point,
Rahargora, Govindpur, Jamshedpur, Jharkhand, India |
|
Tel. No.: |
91-8603-251457 |
|
|
|
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Branch 10 : |
Yogaksham, 33, Bhagyanagar, Behind IDBI Bank,
Near Baba Petrol Pump, Aurangabad, Maharashtra, India |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Vijayhind Ramdhari Singh |
|
Designation : |
Director |
|
Address : |
706, Building No.6, Millenium Park, Hariom Nagar, Mulund (East),
Mumbai-400081, Maharashtra, India |
|
Date of Birth/Age : |
15.01.1957 |
|
Date of Appointment : |
16.09.1998 |
|
DIN No.: |
01587904 |
|
|
|
|
Name : |
Ms. Asha Vijayhind Singh |
|
Designation : |
Director |
|
Address : |
706, Building No.6, Millenium Park, Hariom Nagar, Mulund (East),
Mumbai-400081, Maharashtra, India |
|
Date of Birth/Age : |
04.06.1959 |
|
Date of Appointment : |
16.09.1998 |
|
DIN No.: |
03348705 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Vijayhind R Singh |
|
58591 |
|
Asha V Singh |
|
9700 |
|
Total |
|
68291 |
Allottees as on 20.11.2012
|
Names of Shareholders |
Number of Shares
allotted (Existing) |
Number of Shares allotted (Current) |
Total No. of Shares |
|
Vijay Hind Singh |
114633 |
80000 |
194633 |
|
Asha Vijay Hind Singh |
28658 |
20000 |
48658 |
|
Total |
143291 |
100000 |
243291 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in providing manned guarding security services. |
GENERAL INFORMATION
|
Customers : |
·
3G Hutchison Limited ·
Aditya Birla Retail Limited ·
Rexam HTW ·
Airport Authority of India Limited ·
Century Rayon Limited ·
Crossword ·
EMCO Limited ·
FedEx Express ·
Futur Group (Pantaloon/ Big Bazaar/ E Zone/
Central) ·
Geetapuram Port Services Limited/ Ispat Group ·
GTL Infrastructure Limited ·
INOX Leisure Limited ·
Palm Beach Galleria Mall ·
Union Bank of India ·
Bank of Maharashtra ·
Savita Oil Technologies ·
IDBI Bank Limited ·
Punjab and Maharashtra Coop Bank Limited ·
D'Mart ·
HAIKO Supermarket ·
Fortis Hospital ·
Tata Projects Limited ·
Encore Hotels ·
India Bull ·
Garware Marine Limited |
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No. of Employees : |
Not Available |
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Bankers : |
·
Union Bank of India, Sion Branch, Sunita
Apartments, 169/B, Sion (East), Mumbai - 400022, Maharashtra, India ·
ICICI Bank ·
PMC Bank ·
The Saraswat Co-operative Bank ·
Bank of Indai |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Jitendra chandulal mehta and Company Chartered Accountants |
|
Address : |
92-B, Ismail Building, Belgrami Road, Kurla, Mumbai- 400070,
Maharashtra, India |
|
Tel. No.: |
91-22-26501357 |
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PAN No.: |
AFEPM4827N |
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|
|
|
Group Companies : |
·
Guru Security Force Private Limited ·
Guru Facility and Allied Service |
CAPITAL STRUCTURE
After 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.100/- each |
Rs. 25.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
243291 |
Equity Shares |
Rs.100/- each |
Rs. 24.329 Millions |
|
|
|
|
|
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.100/- each |
Rs. 25.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
143291 |
Equity Shares |
Rs.100/- each |
Rs. 14.329 Millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
70000 |
Equity Shares |
Rs.100/- each |
Rs. 7.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
68291 |
Equity Shares |
Rs.100/- each |
Rs. 6.829 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
6.829 |
6.829 |
6.829 |
|
|
2] Share Application Money |
7.500 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
12.303 |
7.560 |
3.364 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
26.632 |
14.389 |
10.193 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
76.949 |
40.634 |
20.891 |
|
|
2] Unsecured Loans |
1.600 |
6.520 |
5.688 |
|
|
TOTAL BORROWING |
78.549 |
47.154 |
26.579 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
105.181 |
61.543 |
36.772 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
6.209 |
6.261 |
4.295 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
7.280 |
5.410 |
1.661 |
|
|
DEFERRED TAX ASSETS |
0.129 |
0.129 |
0.129 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
112.726
|
65.964 |
35.961 |
|
|
Cash & Bank Balances |
0.876
|
0.626 |
0.732 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
4.635
|
5.125 |
1.218 |
|
Total
Current Assets |
118.237
|
71.715 |
37.911 |
|
|
|
|
|
|
|
|
|
Sundry Creditors |
1.133
|
4.338 |
6.298 |
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
25.541
|
17.634 |
0.926 |
|
Total
Current Liabilities |
26.674
|
21.972 |
7.224 |
|
|
Net Current Assets |
91.563
|
49.743 |
30.687 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
105.181 |
61.543 |
36.772 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
676.579 |
240.817 |
100.182 |
|
|
|
Other Income |
0.035 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
676.614 |
240.817 |
100.182 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Personnel Expenses |
652.421 |
225.165 |
90.423 |
|
|
|
Sales and Distribution Expenses |
0.047 |
0.000 |
0.030 |
|
|
|
Administrative Expenses |
9.178 |
7.207 |
4.362 |
|
|
|
TOTAL (B) |
661.646 |
232.372 |
94.815 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) |
14.968 |
8.445 |
5.367 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
7.512 |
3.313 |
2.724 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7.456 |
5.132 |
2.643 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.681 |
0.935 |
0.732 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
6.775 |
4.197 |
1.911 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.033 |
0.000 |
0.650 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
4.742 |
4.197 |
1.261 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7.561 |
3.363 |
2.160 |
|
|
|
|
|
|
|
|
|
Less |
Adjustment of
Earlier year |
-- |
-- |
0.057 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
12.303 |
7.560 |
3.364 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
69.44 |
61.46 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.70
|
1.74 |
1.26 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.00
|
1.74 |
1.91 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.44
|
5.38 |
4.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25
|
0.29 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.95
|
3.28 |
2.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.43
|
3.26 |
5.25 |
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 |
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 |
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 |
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 |
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 |
Yes |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2011 (Rs.
in Millions) |
31.03.2010 (Rs.
In Millions) |
|
Asha V. Singh – Director |
0.800 |
0.604 |
|
Vijay Hind Singh – Director |
0.800 |
1.916 |
|
Gaurav Hind Singh – Relative of Director |
0.000 |
2.000 |
|
Lalbahadur Singh – Relative of Director |
0.000 |
2.000 |
|
Total |
1.600 |
6.520 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U74920MH1998PTC116542 |
|
Name of the company |
GURU SECURITY FORCE PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
Singh Niwas Nalpadakapurbawadi,
Thane-400607, Maharashtra, India Email: gsf_mumbai@yahoo.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10182097 |
|
Type of charge |
Book debts |
|
Particular of charge holder |
Union Bank of India, Sion Branch, Sunita Apartments, 169/B, Sion
(East), Mumbai - 400022, Maharashtra, India Email: cbssion@unionbankofindia.com
|
|
Nature of instrument creating charge |
1.Supplemental Deed to Composite Hypothecation Deed 2.Supplementary Agreement to Hypothecation (Book-Debts) Agreement (Both the above documents constitute a single charge) |
|
Date of instrument Creating the charge |
25.10.2012 |
|
Amount secured by the charge |
Rs. 150.000 millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest BR+4.75% per annum with monthly rests
and LG Usual Terms of Repayment On Demand Margin As per Sanction terms Extent and Operation of the charge To secure Revised Cash Credit
(Hypothecation) Book-Debts facility of Rs.150.000 millions W/W Letter
of Guarantee facility of (Rs.5.000 millions)
granted by the Bank to the Company |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
The Borrower hereby agrees that the Charge created on the Hypothecated
Property and Book-Debts 01.06.2012 shall be further extended and shall be
continuing security to secure the further Cash Credit (Hypothecation)
(Book-Debts) facility of Rs.150.000 millions w/w Letter of Guarantee facility
of (Rs.5.000 millions) granted by the Bank
to the Company That the Hypothecated Book-Debts covered by the Principal
Hypothecation Agreement shall continue to be a security for the Bank for the
enhanced limit |
|
Date of instrument modifying the charge |
28.02.2012 |
|
Particulars of the present modification |
Vide this modification charge amount is hereby modified and enhanced
to Rs.150.000 millions by addition of Rs.25.000 millions and 1.The Borrower
hereby agrees that the Charge created on the Hypothecated Property and
Book-Debts 01.06.2012 shall be further extended and shall be continuing
security to secure the further Cash Credit (Hypothecation) (Book-Debts)
facility of Rs.150.000 millions w/w Letter of Guarantee facility of (Rs.5.000
millions) granted by the Bank to the
Company |
FIXED ASSETS
·
Airconditioner
·
Computer
·
Gun
·
Land
·
Motor Vehicles
·
Office Equipment
·
Office Premises
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.53.57 |
|
|
1 |
Rs.84.25 |
|
Euro |
1 |
Rs.71.79 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
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 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
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.