|
Report Date : |
09.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
RAJSHREE POLYPACK PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
RAJSHREE INDUSTRIES |
|
|
|
|
Registered
Office : |
3-C, Jai Hind Building, 2nd Floor, Room No. 4, Dr. Atamaram Merchant
Road, Bhuleshwar, Mumbai – 400002, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
15.10.2012 |
|
|
|
|
Com. Reg. No.: |
11-223089 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 24.639
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209MH2011PTC223089 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCR5189M |
|
|
|
|
IEC No.: |
0311072852 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Thermoformed Disposable Plastic Food Packaging
Products. |
|
|
|
|
No. of Employees
: |
120 (Approximately) [In Office: 10 and In Factory: 110] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 888000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a successor of Rajshree Industries a proprietory concern
started in the year 2003. It is an established company having a moderate track record. Trade
relations are reported as fair. Business is active. Payments are reported to
be slow but correct. Since it is company’s first year of operation as a private limited.
The company can be considered for business dealings with slight 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
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 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Ramswaroop Radheshyam Thard |
|
Designation : |
Managing director |
|
Contact No.: |
91-9821074851 / 9320074851 |
|
Date : |
17.12.2012 |
LOCATIONS
|
Registered Office : |
3-C, Jai Hind Building, 2nd Floor, Room No. 4, Dr. Atamaram Merchant
Road, Bhuleshwar, Mumbai – 400002, Maharashtra, India |
|
Tel. No.: |
91-22-22019380/ 25418484 |
|
Mobile No.: |
91-9821074851 / 9320074851 (Mr. Ramswaroop Radheshyam Thard) |
|
Fax No.: |
91-22-22010001/ 25451188 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
|
|
|
Factory : |
Plot No. 32/33, Silver Industrial Estate, Village Bhimpore, Daman –
396210, Union Territory, India |
|
Tel. No.: |
91-260-2220739/ 3252747 |
|
Fax No.: |
91-260-2220751 |
|
E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Ramswaroop Radheshyam Thard |
|
Designation : |
Managing director |
|
Address : |
403, 4th Floor, Carlyle Apartment, LBS Marg, Teen Hat Naka,
Thane – 400604, Maharashtra, India |
|
Date of Birth/Age : |
01.04.1974 |
|
Qualification : |
B.E |
|
Experience : |
16 Years |
|
Date of Appointment : |
15.10.2011 |
|
DIN No.: |
02835505 |
|
|
|
|
Name : |
Mr. Naresh Radheshyam Thard |
|
Designation : |
Managing director |
|
Address : |
403/404, Carlyle Building, Raheja Garden, LBS Marg, Thane (West) –
400604, Maharashtra, India |
|
Date of Birth/Age : |
10.10.1975 |
|
Qualification : |
B. Com |
|
Experience : |
14 Years |
|
Date of Appointment : |
15.10.2011 |
|
DIN No.: |
03581790 |
|
|
|
|
Name : |
Mr. Koppisetty Srinivas |
|
Designation : |
Nominee director |
|
Address : |
Flat No. 304, Building No. 15, Mhada Residential Complex, Oshiwara, Andheri
(West), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
17.05.1963 |
|
Date of Appointment : |
31.03.2012 |
|
DIN No.: |
00514607 |
|
|
|
|
Name : |
Mr. Sajjankumar Nanikram Rungta |
|
Designation : |
Director |
|
Address : |
Laxmi Kunj, 1st Floor, 24 Telipada, Thana Road, Bhiwandi –
421302, Maharashtra, India |
|
Date of Birth/Age : |
10.07.1953 |
|
Qualification : |
B.Com |
|
Experience : |
16 Years |
|
Date of Appointment : |
15.10.2011 |
|
DIN No.: |
02191131 |
|
|
|
|
Name : |
Mr. Omer Alparslan Kutukcuoglu |
|
Designation : |
Nominee director |
|
Address : |
Badenerstrasse 808, 8048, Zurich, Na, Switzerland 7 |
|
Date of Birth/Age : |
29.10.1960 |
|
Date of Appointment : |
31.03.2012 |
|
DIN No.: |
05131991 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Ramswaroop Radheshyam Thard |
|
670803 |
|
Sajjan Kumar Nanikram Rungta HUF |
|
575044 |
|
Naresh Radheshyam Thard |
|
550143 |
|
Radheshyam J. Thard |
|
19166 |
|
Shashi Ramswaroop Thard |
|
19166 |
|
Varsha Naresh Thard |
|
19166 |
|
Anand Sajjankumar Rungta |
|
63171 |
|
Longrow Investments Limited, Mauritius |
|
742028 |
|
Total |
|
2658687 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
27.51 |
|
Directors
or relatives of directors |
|
50.74 |
|
Others |
|
21.75 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Thermoformed Disposable Plastic Food Packaging
Products. |
|
|
|
|
Brand Names : |
Natraj / Satyam / Samrat / King |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 days) |
PRODUCTION STATUS
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Extrusion |
MT |
-- |
1600 |
1470 |
|
Thermoforming |
Million |
-- |
-- |
640 |
|
Printing |
Million |
-- |
-- |
205 |
|
Sleeving |
Million |
-- |
-- |
28 |
GENERAL INFORMATION
|
Customers : |
Wholesaler, Retailers and Others (Dairy and Institutional Customer) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
120 (Approximately) [In Office: 10 and In Factory: 110] |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
Union Bank of India, Bhuleshwar Branch, 37/41, Barfiwala Building,
Ground Floor, Mumbai – 400004, Maharashtra, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
Credit Limit – Rs. 10.000 Millions |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
|
Note: Cash credit from banks amounting to Rs. 8.875 is secured by
hypothecation of stock and book debts as Primary Security. It is also secured
against collateral security of Factory land and Building Plot No. 32 and 33
Silver Industrial Estate Daman. The credit facility is also secured by
personal guarantee of the directors. The cash credit is repayable on demand
and carries interest @ Base Rate + 3.75% p.a. |
|||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Singrodia Goyal and Company Chartered Accountants |
|
Address : |
4A, Kaledonia-HDIL, 2nd Floor, Sahar Road, Near Andheri
Station, Andheri (East), Mumbai – 400069, Maharashtra, India |
|
Tel. No.: |
91-22-66256363 |
|
Fax No.: |
91-22-66256364 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFS7106D |
|
|
|
|
Related Parties : |
Ř Bobson Industries Address: Plot No.: 60 and 6, Dabhel Industrial
Co-operative Society, Village.: Amalia, Dabhel, Daman – 396 210, Uttar
Pradesh, India Line of Business: Manufacturer of
Thermoformed Disposable Plastic Articles Ř Orbit Industries Address: Plot No.: 153/1 and 153/2, Vadoli
Road, Near Line of Business: Manufacturer of
Thermoformed Disposable Plastic Articles Ř S.R. Plastics Address: Plot No.: 47A, Shahpur Industrial
Estate, Village Pundhe, Taluka Shahapur, District Thane, Maharashtra, India Line of Business: Manufacturer of
Thermoformed Disposable Plastic Articles |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2300000 |
Equity Shares |
Rs. 10/- each |
Rs. 23.000 Millions |
|
1200000 |
Preference Shares |
Rs. 10/- each |
Rs. 12.000 Millions |
|
|
Total |
|
Rs. 35.000
Millions |
Issued and Subscribed :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1889072 |
Equity Shares |
Rs.10/- each |
Rs. 18.891
Millions |
|
754860 |
Preference Shares |
Rs.10/- each |
Rs. 7.548
Millions |
|
|
Total |
|
Rs. 26.439 Millions |
Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1689072 |
Equity Shares |
Rs.10/- each |
Rs. 16.891
Millions |
|
200000 |
Equity Shares |
Re.1/- each |
Rs. 0.200
Million |
|
754860 |
Preference Shares |
Rs.10/- each |
Rs. 7.548
Millions |
|
|
Total |
|
Rs. 24.639 Millions |
b. Reconciliation of the number of equity shares outstanding at the
beginning and at the end of the reporting period
|
Particulars |
31.03.2012 |
|
|
Equity Shares |
Number |
Amount |
|
Shares outstanding as on the date of conversion as per part IX of the Companies act, 1956 |
-- |
-- |
|
Shares Issued during the year |
18,89,072 |
18.891 |
|
Shares bought back during the year |
-- |
-- |
|
Shares outstanding at the end of the year |
18,89,072 |
18.891 |
c. Terms/ rights attached to equity shares
The Company has only one class of equity shares having a par value of
Rs. 10 per share. Each holder of equity share is entitled to one vote per
equivalent fully paid up equity share.
In the event of liquidation of the Company, the holder of equity shares will
be entitled to receive remaining assets of the Company, after distribution of
all preferential amounts. The distribution will be in proportion to the number
of equivalent fully paid up equity shares held by the shareholders.
d. Terms of conversion of CCPS
During the Period
ended 31 March 2012, the company issued 7,54,860 CCPS of Rs.10 each fully
paid-up. Out of 7,54,860 shares 727,273 shares are issued at premium of Rs. 155
per share and 27,587 shares are issued at a premium of Rs.135 per share. CCPS
do not carry any dividend. Each holder of CCPS is entitled to one vote per
share only on resolutions placed before the company which directly affect the
rights attached to CCPS. Each CCPS shall be compulsorily convertible into
equity shares within 15 (Fifteen) days of completion of the audit for the
Financial Year ending on March 31, 2012 based on adjusted EBITDA of March 31,
2012.
e. Details of shareholders holding more than 5% shares in the Company
|
Name of Shareholders |
31.03.2012 |
|
|
Equity Shares of Rs. 10/- each fully paid up |
Number |
Percentage |
|
Sajjankumar Nanikram Rungta HUF |
506768 |
30.00 |
|
Ramswaroop Radheshyam Thard |
591148 |
35.00 |
|
Naresh Radheshyam Thard |
484234 |
28.67 |
|
Equity Shares of Rs. 10/- each (Re. 1/- paid up) |
|
|
|
Sajjankumar Nanikram Rungta HUF |
60000 |
30.00 |
|
Ramswaroop Radheshyam Thard |
70000 |
35.00 |
|
Naresh Radheshyam Thard |
58000 |
29.00 |
|
CCPS of Rs. 10/-
each |
|
|
|
Longrow Investments Limited |
727273 |
96.35 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
24.639 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
197.507 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
222.146 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
8.875 |
|
|
2] Unsecured Loans |
|
|
0.203 |
|
|
TOTAL BORROWING |
|
|
9.078 |
|
|
DEFERRED TAX LIABILITIES |
|
|
2.558 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
233.782 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
44.301 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
9.255 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
31.136 |
|
|
Sundry Debtors |
|
|
45.937 |
|
|
Cash & Bank Balances |
|
|
125.275 |
|
|
Other Current Assets |
|
|
0.116 |
|
|
Loans & Advances |
|
|
10.334 |
|
Total
Current Assets |
|
|
212.798 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
25.783 |
|
|
Other Current Liabilities |
|
|
6.366 |
|
|
Provisions |
|
|
0.423 |
|
Total
Current Liabilities |
|
|
32.572 |
|
|
Net Current Assets |
|
|
180.226 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
233.782 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
121.572 |
|
|
|
Other Income |
|
|
0.787 |
|
|
|
TOTAL (A) |
|
|
122.359 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
|
|
69.210 |
|
|
|
Purchase of stock in trade |
|
|
0.328 |
|
|
|
Changes in inventories of finished goods, work in progress |
|
|
(2.494) |
|
|
|
Employee benefit Expenses |
|
|
6.779 |
|
|
|
Other Expenses |
|
|
31.220 |
|
|
|
TOTAL (B) |
|
|
105.043 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
17.316 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
0.041 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
17.275 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
2.657 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
|
14.618 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
3.376 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
|
11.242 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
|
|
0.439 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic
|
|
|
17.33 |
|
|
|
Diluted
|
|
|
17.07 |
|
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2012 |
|
PAT / Total Income |
(%) |
|
|
9.19 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
|
12.02 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
5.69 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
0.19 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
6.53 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
|
|
31.03.2012 |
|
|
(Rs. In Millions) |
||
|
Due to Micro and Small Enterprises |
|
|
0.000 |
|
Other than Micro and Small Enterprise |
|
|
25.783 |
|
Total |
|
|
25.783 |
|
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
one year |
Yes |
|
12] |
Profitability for last
one year |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
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 |
TRADE REFERENCE
·
Good Day Foods
Limited
Address: A-62, Road No.:22, Wagle Estate,
Thane-400604, Maharashtra, India
Contact Person: Mr. Kishore Mathani
Mobile No.: 91-9820077367
·
Om Plast
Address: Gala No.: 103 and 104, Rajprabha
Land Mark Industrial Estate, Boida Para, Vasai (East), Maharashtra, India
Contact Person: Mr. Dilip Patel
Mobile No.: 91-9322087768
·
Pepsico India
Holding Private Limited
Address: 3B DLF Corporate Park, S Block,
Qutub Enclave, Phase 3rd, Gurgaon, Haryana, Punjab, India
Contact Person: Mr. Hitesh Madhani
Mobile No.: 91-9822678732
·
Valsad DCMPU.
Limited
Address: Vasudhara Dairy, Tarapur Industrial
Area, Boisar, Maharashtra, India
Contact Person: Mr. K.V. Amin
Tel. No.: 91-2525-272037
CONTINGENT
LIABILITIES:
a) Sales Tax Payable from Customers.
b) Bank Guarantee given by Banks on behalf of the firm Rs. 0.870
Million.
c) Sales tax Demand disputed in appeal Rs. 0.135 Million.
d) Income Tax Demand disputed in appeal Rs. 2.269 Millions
FIXED ASSETS:
Ř Land
Ř Building
Ř Plant and
machinery
Ř Moulds and Dies
Ř Electric
Installation
Ř Computers
Ř Fire Extinguisher
Ř Furniture and
Fixture
Ř Office Equipment
Ř Vehicles
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 records 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. 55.33 |
|
|
1 |
Rs. 89.05 |
|
Euro |
1 |
Rs. 72.57 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
34 |
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.