1. Summary Information
|
|
|
Country |
|
|
Company Name |
Sargam India
Electronics Private Limited |
Principal Name 1 |
Dayanand Omprakash Garg |
|
Status |
Moderate |
Principal Name 2 |
Dinesh Kumar Bansal |
|
|
|
Registration # |
043008 |
|
Street Address |
Garg Trade Centre, Block No-1, IIIrd Floor, Behind SBI Bank,
Sector-11, Rohini, Delhi – 110085, India |
||
|
Established Date |
30.12.2010 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Trading |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Electronics |
|
|
# of employees |
42
(Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.100,000/- |
Product Name 3 |
-- |
|
Shareholders |
NO |
Banking |
Axis Bank
Limited |
|
Public Limited Corp. |
NO |
Business Period |
3 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B
(29) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates/Subsidiaries |
India |
Sargam
India Electronics Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
58,405 |
Current Liabilities |
0000 |
|
Inventories |
00000 |
Long-term Liabilities |
0000 |
|
Fixed Assets |
00000 |
Other Liabilities |
0000 |
|
Deferred Assets |
00000 |
Total Liabilities |
0000 |
|
Invest& other Assets |
41,595 |
Retained Earnings |
0000 |
|
|
|
Net Worth |
100,000 |
|
Total Assets |
100,000 |
Total Liab. & Equity |
100,000 |
|
Total Assets (Previous Year) |
|
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales (Approximately) |
200,000,000,00 |
Net Profit |
-- |
|
Sales(Previous yr) (Approximately) |
NA |
Net Profit(Prev.yr) |
-- |
|
Report Date : |
16.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
SARGAM INDIA ELECTRONICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Garg Trade Centre, Block No-1, IIIrd Floor, Behind SBI Bank,
Sector-11, Rohini, Delhi – 110085, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
30.12.2010 |
|
|
|
|
Com. Reg. No.: |
55-043008 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32204DL2010PTC240169 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Electronics. |
|
|
|
|
No. of Employees
: |
42 (Approximately) |
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 400 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a successor of Sargam Electronics, a partnership concern in
the year 2003. It is an established company having moderate track record. Mr. Kamal
Singh Accountant Head confirmed that the company has commenced its commercial
activity from 1st April 2011 as a private limited and achieved a
sizeable turnover. Trade relations are reported as fair. Business is fair.
Payments are reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
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 |
ICRA |
|
Rating |
SME 2 |
|
Rating Explanation |
High Credit Quality |
|
Date |
December 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 : |
Ms. Kamal Singh |
|
Designation : |
Accountant Head |
|
Contact No.: |
91-9540414141 / 9540007502 |
|
Date : |
11.01.2013 |
LOCATIONS
|
Registered Office : |
Garg Trade Centre, Block No-1, IIIrd Floor, Behind SBI Bank,
Sector-11, Rohini, Delhi – 110085, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9540414141 / 9540007502 (Ms. Kamal Singh) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Show Room – 1 : |
Narela: |
|
E-Mail : |
|
|
Mobile No. : |
91-9891727295 [Mr. Sanjeev] |
|
|
|
|
Show Room – 2: |
Pitam Pura: Kapil Vihar,
Pitam Pura, Delhi-110034, |
|
E-Mail : |
|
|
Mobile No. : |
91-9891727296 [Mr Anshu] |
|
|
|
|
Show Room - 3: |
Pitam Pura: Kapil Vihar, Pitam Pura, Delhi-110034, |
|
E-Mail : |
|
|
Mobile No. : |
91-9891415208 [Mr Deenesh] |
|
|
|
|
Show Room - 4: |
Hari Nagar: GL-11, |
|
E-Mail : |
|
|
Mobile No. : |
91-9891415205 [Mr Rajneesh] |
|
|
|
|
Show Room – 5: |
Paschim Vihar: A-3/183,
Paschim Vihar, New Delhi-110063, |
|
E-Mail : |
|
|
Mobile No. : |
91-9891970751 [Mr Raj] |
|
|
|
|
Show Room – 6: |
Uttam Nagar: A-27, |
|
E-Mail : |
|
|
Mobile No. : |
91-9718993695 [Mr Anil] |
|
|
|
|
Show Room- 7: |
Rohini: Shop no. 3 and 4, Shopping Center-1,
Sec-1, Avantika, Rohini, New Delhi-110085, |
|
E-Mail : |
|
|
Mobile No. : |
91-9990049412 [Mr Ravinder] |
|
|
|
|
Show Room – 8: |
Adarsh Nagar: A-260, |
|
E-Mail : |
|
|
Mobile No. : |
91-9990049413 [Mr Manoj] |
|
|
|
|
Show Room – 9: |
Jahangir Puri: B-1231,
Jahangir Puri, Mangal Bazar Road, Delhi-110033, |
|
E-Mail : |
|
|
Mobile No. : |
91-9718515206 [Mr Umesh] |
|
|
|
|
Show Room -10: |
Jahangir Puri: C-951, Jahangir
Puri, Delhi-110033, |
|
E-Mail : |
|
|
Tel. No. : |
91-11-27638092 [Mr Satya] |
|
|
|
|
Show Room – 11: |
Tri Nagar: 3774, Tri Nagar, Delhi-110033, |
|
E-Mail : |
|
|
Mobile No. : |
91-9718993692 [Mr Mukesh] |
|
|
|
|
Show Room – 12: |
Ashok Vihar: C-2/1, Phase-2, Opposite Deep Cinema
Market, Ashok Vihar, Delhi-110058 , |
|
E-Mail : |
|
|
Mobile No. : |
91-9212812128 [Mr Shukla] |
|
|
|
|
Show Room – 13: |
Lajpat Nagar: 2J-36, |
|
E-Mail : |
|
|
Mobile No. : |
91-9718993690 [Mr Ajay] |
|
|
|
|
Show Room – 14: |
Vikas Marg: A-67, Guru Nanak Pura, Main Road, Vikas
Marg, Delhi-110092, |
|
E-Mail : |
|
|
Mobile No. : |
91-9891705972 [Mr Yogesh] |
|
|
|
|
Show Room – 15: |
Vikas Puri: WZ-44/2, Outer Ring Road, Vikas Puri,
Delhi-110018, |
|
E-Mail : |
|
|
Mobile No. : |
91-9718510615 [Mr Ajay] |
|
|
|
|
Show Room – 16: |
Patel Nagar: 47, South Patel Nagar Market,
Delhi-110008, |
|
E-Mail : |
|
|
Mobile No. : |
91-9540409400 [Mr Ajay] |
|
|
|
|
Show Room – 17: |
Najafgrah: Shop No-1, Krishna Mandir Chowk,Near
Nangloi Stand, Najafgrah, Delhi-110043, |
|
Mobile No. : |
91-9718515205 [Mr Ravi] |
|
|
|
|
Show Room – 18: |
Kalkaji: K-75, Kalka Ji, Near Kalkaji Mandir,
Delhi-110019 , |
|
Mobile No. : |
91-9540409600 [Mr Kapoor] |
|
|
|
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Show Room – 19: |
Kanti Nagar: A-1, Kanti Nagar ext., |
|
Mobile No. : |
91-9718993690 [Mr Ajay] |
|
|
|
|
Show Room – 20: |
Pashchim Puri: Electronic
Point- 172, Pocket-2, Pashchim Puri, Club Road, Delhi-110063, |
|
Mobile No. : |
91-9911415202 [Mr Rajesh] |
|
|
|
|
Show Room – 21: |
Rohni: Electronic point- C-9/6, Sector-7, Rohini,
Delhi-110085, |
|
Mobile No. : |
91-9990049411 [Mr Ravinder] |
|
|
|
|
Show Room – 22: |
Rohni: Gupta Electronics- B-1/35-36, Sector-17,
Rohini, Delhi-110085, |
|
Tel. No. : |
91-11-27882030 [Mr Gupta] |
|
|
|
|
Show Room – 23: |
|
|
Mobile No. : |
91-9540043293 [Mr Deepak] |
|
|
|
|
Warehouse : |
Located at |
|
Area : |
2500 Sq.ft |
|
Location : |
Rented |
DIRECTORS
|
Name : |
Dayanand Omprakash Garg |
|
Designation : |
Director |
|
Address : |
A-3/120, |
|
Date of Birth/Age : |
30.12.1964 |
|
Date of Appointment : |
30.12.2010 |
|
DIN No.: |
03294012 |
|
|
|
|
Name : |
Dinesh Kumar Bansal |
|
Designation : |
Director |
|
Address : |
A 3/86, Sector – 11, Rohini, |
|
Date of Birth/Age : |
02.04.1980 |
|
Date of Appointment : |
30.12.2010 |
|
DIN No.: |
03298544 |
KEY EXECUTIVES
|
Name : |
Ms. Kamal Singh |
|
Designation : |
Accountant Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Dinesh Kumar Bansal |
98500 |
|
Daya Nand |
393000 |
|
Deepak Kumar (Karta) for Deepak Kumar and Sons (HUF) |
4500 |
|
A.K. Garg (Karta) for A.K. Garg and Sons |
29500 |
|
Rajneesh Goel |
14500 |
|
Urmila Bansal |
11500 |
|
Saurabh Garg |
6400 |
|
Anjali Bansal |
4500 |
|
Mariya Goel |
8000 |
|
Shashi Garg |
37500 |
|
Dayanand (Karta) on behalf of Dayanand and Sons HUF |
29000 |
|
D.N Garg (karta) on behalf of D.N Garg HUF |
3000 |
|
Deepak Kumar |
125250 |
|
|
|
|
TOTAL |
765150 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
87.60 |
|
Other top fifty shareholders |
12.40 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Electronics. |
|
|
|
|
Agencies Held : |
·
LG ·
·
Samsung |
GENERAL INFORMATION
|
Customers : |
Others |
|
|
|
|
No. of Employees : |
42 (Approximately) |
|
|
|
|
Bankers : |
·
Axis Bank Limited, 2nd Floor,
Statesman Road, New Delhi – 110001, India ·
Kotak
Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227,D, Nariman Point, Mumbai –
400021, Maharashtra, India |
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mr. Rajesh Gupta Chartered Accountant |
|
Address : |
A-1, Palika Place Annexie, Panchkuian Road, New Delhi – 110001, India |
|
Tel No : |
91-11-305268056, 2376519, 23345596 |
|
Fax No : |
91-11-30526607 |
|
E-mail ID : |
|
|
PAN No : |
AAAFR9344N |
|
|
|
|
Associates/Subsidiaries : |
Yash Marketing Address : Shop 32,
CSC 5, Sector 11, Rohini, New Delhi-110085, Activity: Distributor of
Electronic Items |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
765150 |
Equity Shares |
Rs.10/- each |
Rs. 7.651
Millions |
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100
Million |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
0.100 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.100 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.000 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000
|
|
|
Sundry Debtors |
|
|
0.000
|
|
|
Cash & Bank Balances |
|
|
0.058
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
0.000
|
|
Total
Current Assets |
|
|
0.058 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000
|
|
|
Other Current Liabilities |
|
|
0.000
|
|
|
Provisions |
|
|
0.000
|
|
Total
Current Liabilities |
|
|
0.000 |
|
|
Net Current Assets |
|
|
0.058 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.042 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.100 |
|
PROFIT & LOSS
ACCOUNT
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
2000.000 |
SARGAM
ELECTRONICS (PARTNERSHIP CONCERN)
|
Particulars |
|
From April
1,2010 to December 2010 |
31.03.2010 |
|
Sales Turnover (Approximately) |
|
1550.000 |
1400.000 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
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 |
No |
|
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 |
Yes |
|
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 |
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 |
NOTE
Registered office of the company has been shifted from . 161, Sector 1,
Opposite Amarpali Public School, Vasundhara, Ghaziabad 201010, Uttar Pradesh, India
to the present address w.e.f. 02.08.2012
FORM 8
|
Corporate identity number of the company |
U32204DL2010PTC240169 |
|
Name of the company |
SARGAM INDIA ELECTRONICS PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in |
Garg Trade Centre, Block No-1, IIIrd Floor, Behind SBI Bank,
Sector-11, Rohini, Delhi – 110085, India Email ID : shivaggarwal_402@yahoo.co.in
|
|
This form is for |
Creation of charge |
|
Type of charge |
Book debts Movable property (not being pledge) |
|
Particular of charge holder |
Axis Bank Limited 2nd Floor, Statesman Road, New Delhi – 110001, India E-Mail : f8.axisbank@gmail.com |
|
Nature of instrument creating charge |
Deed of hypothecation of current assets (stocks and book debts) Deed of hypothecation of machinery and other movable fixed assets |
|
Date of instrument Creating the charge |
22.10.2012 |
|
Amount secured by the charge |
Rs.50.000 millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest
As per sanction letter no. axisb/sme/delsme/2012-13/8516 dated
20.10.2012 to be amended from time to time Terms of
Repayment As per sanction letter no. axisb/sme/del1/sme/2012-13/8516 dated
20.10.2012 to be amended from time to time Margin As per sanction letter no. axisb/sme/delsme/2012-13/8516 dated
20.10.2012 to be amended from time to time Extent and
Operation of the charge Extent and Operation - 100% Others The above is to secure adhoc cash credit limit |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Hypothecatoin by way of first over stocks and book debts (other than
credit card receivables up to Rs.29.900 Millions being discounting by kotak
Mahindra Bank) of the company both present and future and first charge over
movable fixed assets of the firm except vehicle both present and future
stored or to be stored at the company’s godowns or premises or wherever else
the same may be. |
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.54.54 |
|
|
1 |
Rs.87.69 |
|
Euro |
1 |
Rs.72.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
SPR |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
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.