1. Summary Information
|
|
|
Country |
India |
|
Company Name |
Sanman Trade Impex Private Limited |
Principal Name 1 |
Mr. Nitinkumar Deendayal Didwania |
|
Status |
Good |
Principal Name 2 |
Mrs. Sushmadevi Deendayal Didwania |
|
|
|
Registration # |
11-104099 |
|
Street Address |
1410, Maker Chambers V, Nariman Point, Mumbai – 400021, Maharashtra,
India |
||
|
Established Date |
22.11.1996 |
SIC Code |
-- |
|
Telephone# |
91-22-22832170/ 22824444/ 22850669 |
Business Style 1 |
Trader |
|
Fax # |
91-22-22821605/ 22824440 |
Business Style 2 |
Distributor |
|
Homepage |
Product Name 1 |
Exporter |
|
|
# of employees |
35
(Approximately) |
Product Name 2 |
Metals |
|
Paid up capital |
Rs.30,000,000/-
|
Product Name 3 |
Chemicals |
|
Shareholders |
Directors or relatives of
directors- 100% |
Banking |
Plastics |
|
Public Limited Corp. |
No |
Business Period |
17 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba (51) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,042,776,000 |
Current Liabilities |
536,906,000 |
|
Inventories |
214,398,000 |
Long-term Liabilities |
194,027,000 |
|
Fixed Assets |
28,762,000 |
Other Liabilities |
7,824,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
738,757,000 |
|
Invest& other Assets |
660,000 |
Retained Earnings |
517,839,000 |
|
|
|
Net Worth |
547,839,000 |
|
Total Assets |
1,286,596,000 |
Total Liab. & Equity |
1,286,596,000 |
|
Total Assets (Previous Year) |
980,054,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
4,429,800,000 |
Net Profit |
107,500,000 |
|
Sales(Previous yr) |
4,012,700,000 |
Net Profit(Prev.yr) |
90,200,000 |
MIRA
INFORM REPORT
|
Report Date : |
20.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
SANMAN TRADE IMPEX PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1410, Maker Chambers V, Nariman Point, Mumbai – 400021,
Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
22.11.1996 |
|
|
|
|
Com. Reg. No.: |
11-104099 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.30.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1996PTC104099 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS27612E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCS2973A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader,
Distributor and Exporter of Metals, Paper, Chemicals, Plastics, Software. |
|
|
|
|
No. of Employees
: |
35 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2200000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having a good track record.
Financial position of the company appears good. The performance capacity is
also high. Trade relations are reported as fair. Business is active. Payments
are reported to be regular and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
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) |
|
|
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 |
ICRA |
|
Rating |
Short Term Rating: A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk.
|
|
Date |
January 10, 2012 |
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term Rating: BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
January 10, 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. Amol S. |
|
Designation : |
Finance Controller |
|
Contact No.: |
91-22-22824444 |
|
Date : |
12.02.2013 |
LOCATIONS
|
Registered Office : |
1410, Maker Chambers V, Nariman Point, Mumbai – 400021, Maharashtra,
India |
|
Tel. No.: |
91-22-22832170/ 22824444/ 22850669 |
|
Fax No.: |
91-22-22821605/ 22824440 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
701-712-A, Embassy Centre, Nariman Point, Mumbai – 400021,
Maharashtra, India |
|
Tel. No.: |
91-22-22624444/ 33554444 |
|
Fax No.: |
91-22-22824440/ 39412333 |
|
E-Mail : |
DIRECTORS
(AS ON 28.09.2012)
|
Name : |
Mr. Nitinkumar Deendayal Didwania |
|
Designation : |
Director |
|
Address : |
172, Kshitu, 47, Nepeansea Road, Mumbai-400036, Maharashtra, India |
|
Date of Birth/Age : |
23.06.1974 |
|
Date of Appointment : |
12.04.1999 |
|
DIN No.: |
00210289 |
|
|
|
|
Name : |
Mrs. Sushmadevi Deendayal Didwania |
|
Designation : |
Director |
|
Address : |
172, Kshitu, 47, |
|
Date of Birth/Age : |
30.09.1955 |
|
Date of Appointment : |
12.04.1999 |
|
DIN No.: |
00210240 |
|
|
|
|
Name : |
Mr. Saurabh Dipak Sanghvi |
|
Designation : |
Additional Director |
|
Address : |
66, Kamal Building, 69, Walkeshwar Road, Mumbai – 400006, Maharashtra,
India |
|
Date of Birth/Age : |
05.08.1974 |
|
Date of Appointment : |
02.12.2011 |
|
DIN No.: |
02000411 |
KEY EXECUTIVES
|
Name : |
Mr. Amol S. |
|
Designation : |
Finance Controller |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 28.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Nitinkumar Deendayal Didwania |
|
2999990 |
|
Sushmadevi Deendayal Didwania |
|
10 |
|
|
|
|
|
Total |
|
3000000 |
(AS ON 28.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Distributor and Exporter of Metals, Paper, Chemicals,
Plastics, Software. |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
Malaysia |
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
· Dubai · China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
35 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
·
State Bank of Indore 214, D N Road, Fort, Mumbai – 400001, Maharashtra, India ·
Punjab National Bank Raheja Chambers, Foreshore Road Branch, Nariman Point, Mumbai –
400021, Maharashtra, India ·
IDBI
Bank Limited IDBI Tower, WTC
Complex, Cuffe Parade, Mumbai – 400005, Maharashtra, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Shabbier S. Bagasrawala Chartered Accountants |
|
Address : |
6363, Narayan
Niwas, 1st Floor, Aarey
Road, Goregaon (West),Mumbai-400062, Maharashtra, India |
|
PAN No.: |
AACFS5834Q |
CAPITAL STRUCTURE
(AS ON 28.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
30.000 |
30.000 |
30.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
517.839 |
410.361 |
320.179 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
547.839 |
440.361 |
350.179 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
186.979 |
59.932 |
67.643 |
|
|
2] Unsecured Loans |
7.048 |
6.735 |
6.359 |
|
|
TOTAL BORROWING |
194.027 |
66.667 |
74.002 |
|
|
DEFERRED TAX LIABILITIES |
7.824 |
7.579 |
3.602 |
|
|
|
|
|
|
|
|
TOTAL |
749.690 |
514.607 |
427.783 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
28.762 |
27.838 |
28.355 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.660 |
0.985 |
0.010 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
214.398
|
144.918 |
129.241
|
|
|
Sundry Debtors |
884.025
|
729.933 |
625.444
|
|
|
Cash & Bank Balances |
96.371
|
50.622 |
34.656
|
|
|
Other Current Assets |
0.000
|
0.059 |
0.000
|
|
|
Loans & Advances |
62.380
|
25.699 |
36.214
|
|
Total
Current Assets |
1257.174
|
951.231 |
825.555 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
523.490
|
459.425 |
421.861
|
|
|
Other Current Liabilities |
13.416
|
6.022 |
0.000
|
|
|
Provisions |
0.000
|
0.000 |
4.353
|
|
Total
Current Liabilities |
536.906
|
465.447 |
426.214
|
|
|
Net Current Assets |
720.268
|
485.784 |
399.341
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.077 |
|
|
|
|
|
|
|
|
TOTAL |
749.690 |
514.607 |
427.783 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
4429.800 |
4012.700 |
3490.010 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Office Expenses |
4312.500 |
3911.200 |
3417.537 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
4312.500 |
3911.200 |
3417.537 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
117.300 |
101.500 |
72.473 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.900 |
1.700 |
0.916 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
115.400 |
99.800 |
71.557 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
7.900 |
9.600 |
5.699 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
107.500 |
90.200 |
65.858 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
410.300 |
320.200 |
254.321 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
517.800 |
410.400 |
320.179 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
NA |
190.703 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Traded Goods |
NA |
NA |
264.382 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
35.83 |
30.07 |
21.95 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.43
|
2.25 |
1.89 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.97
|
10.19 |
8.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.23 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.35
|
0.15 |
0.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.34
|
2.04 |
1.94 |
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 |
Yes |
|
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
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 |
Yes |
UNSECURED LOANS
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
|
|
|
|
Loans and Advances from Directors |
7.048 |
6.735 |
|
|
|
|
|
Total |
7.048 |
6.735 |
WORKING RESULTS:
During the year,
the Company has achieved turnover of Rs.4424.100
millions as compared to Rs.4010.800 millions during the previous year
resulting in revenue growth of 10.30%. The Company has made net profit of Rs.107.500
millions as against Rs.90.200 millions
in the previous year, an increase of 19.18%. After making adjustment of brought
forward profit of Rs.410.300 millions the balance profit of Rs.517.800 millions
in the Profit and Loss Account has been carried over to the Balance Sheet.
WINDMILL PROJECT
The Windmill Power
project of the Company has generated 10,14,669 units of energy and has
generated revenue of Rs.3.352 Millions during the year ended 31st
March, 2012.
The Wind Power project
has enabled the Company to tap the immense potential of energy generation
through Non-Conventional sources and to avail fiscal incentives germane to such
pioneering business in nascent stages.
FORM 8
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10178902 |
|
Corporate
identity number of the company |
U51900MH1996PTC104099 |
|
Name of the
company |
SANMAN TRADE
IMPEX PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
1410, Maker
Chambers V, Nariman Point, Mumbai – 400021, Maharashtra, India |
|
Type of charge |
Book Debts Movable Property Others: stock of
raw material, finished goods, WIP |
|
Particular of
charge holder |
IDBI Bank Limited IDBI Towerwtc
Complex, Cuffe Parade, Mumbai – 400005, Maharashtra, India CIN
No.:L65190MH2004GOI148838 Email: ag.wanjari@idbi.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Second
Supplemental Deed of Hypothecation dated 07.05.12 executed by the Company in favour
of IDBI Bank Limited (IDBI) to secure WCF of Rs.750.000 Millions (enhanced
from Rs.500.000 Millions to Rs.750.000 Millions) by way of hypothecation of
whole of the current assets of the Company including all stocks, book debts
and receivables both present and future. |
|
Date of
instrument Creating the charge |
07/05/2012 |
|
Amount secured by
the charge |
Rs.750.000
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest As per Second
Supplemental Facility Agreement dated 07.05.2012 executed by the Company in
favour of IDBI and as amended from time to time. Terms of
Repayment As per Second
Supplemental Facility Agreement dated 07.05.2012 executed by the Company in
favour of IDBI and as amended from time to time. Margin As per Second
Supplemental Facility Agreement dated 07.05.2012 executed by the Company in
favour of IDBI and as amended from time to time.] Extent and
Operation of the charge The charge
operates as security interalia as exclusive charge by way of hypothecation on
Company's all current assets both present and future to secure the WCF of
Rs.750.000 Millions (enhanced from Rs.500.000 Millions to Rs.750.000
Millions) together with all costs, expenses and other monies whatever
stipulated in the Second SFA dated 07.05.2012 as amended from time to time. |
|
Short particulars
of the property charged |
Exclusive charge
on entire current assets i.e. raw materials, semi finished and finished
goods, stores, spares, bill receivables, book debts, present and future, more
particularly described in the
Second Supplemental Deed of Hypothecation dated 7th May, 2012 executed by the
Company in favour of IDBI. |
|
Date of latest
modification prior to the present modification |
16/11/2011 |
|
Particulars of
the present modification |
IDBI Bank has
increased the credit facilities from Rs. 500.000 Millions to 750.000 Millions
in terms of Second Supplemental Facility Agreement dated May 07, 2012. Hence
the charge is modified for the enhanced WCF up to Rs. 750.000 Millions by way
of hypothecation. |
FIXED ASSETS:
· Land
· Plant and Equipment
· Vehicles
· Motor Vehicles
· Office 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.54.29 |
|
|
1 |
Rs.84.09 |
|
Euro |
1 |
Rs.72.44 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
51 |
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.