MIRA
INFORM REPORT
|
Report Date : |
22.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
J MITRA AND COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-180, Okhla Industrial Area, Phase-1 - New Delhi-110020 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
15.03.1969 |
|
|
|
|
Com. Reg. No.: |
55-005010 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 18.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52110DL1969PTC005010 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELJ00006G DELJ04544B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACJ0482C |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business
: |
Manufacture and sale of Biotechnology
Product and Diagnostic Reagents. |
|
|
|
|
No. of Employees
: |
600 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (55) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3530000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company having a good track record. The financial position of the company appears to be sound and healthy.
Directors are reported as well-experienced and knowledgeable businessmen. Trade relations are reported as trustworthy. Business is active.
Payment terms are reported as regular and as per commitment. The company can be considered good 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) |
|
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 |
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 / Factory : |
A-180, Okhla Industrial Area, Phase-I, New Delhi-110020, India |
|
Tel. No.: |
91-11-26818971/73/47130300/47130500 |
|
Fax No.: |
91-11-26818970 / 26810945 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Ms. Anila Mahajan |
|
Designation : |
Director |
|
Address : |
N-118, Greater Kailash-II, New Delhi-110048, India |
|
Date of Birth/Age : |
12.03.1952 |
|
Date of Appointment : |
02.07.1973 |
|
DIN No.: |
00152183 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U52110DL1969PTC005010 |
J MITRA
AND COMPANY PRIVATE LIMITED |
Director |
02/07/1973 |
02/07/1973 |
Active |
NO |
|
2 |
U74999DL1995PTC065200 |
MITRA
INDUSTRIES PRIVATE LIMITED |
Director |
08/02/1995 |
08/02/1995 |
Active |
NO |
|
3 |
L74899HR1962PLC004948 |
SNOWTEMP
ENGINEERING COMPANY LIMITED |
Director |
03/07/2000 |
03/07/2000 |
Active |
NO |
|
4 |
U74140DL1981PTC012275 |
MITRA
CONSULTANTS PRIVATE LIMITED |
Director |
11/09/2001 |
11/09/2001 |
Converted
to LLP |
NO |
|
5 |
U01403DL1995PTC070027 |
ZEENIA
AGRO AND EXPORTS PRIVATE LIMITED |
Director |
24/10/2001 |
24/10/2001 |
Converted
to LLP |
NO |
|
6 |
U70109DL2006PTC150455 |
ALOHA
TOWNSHIP PRIVATE LIMITED |
Additional
director |
23/05/2011 |
23/05/2011 |
Active |
NO |
|
7 |
U45400DL2007PTC169353 |
ISH REALCONS
PRIVATE LIMITED |
Additional
director |
23/05/2011 |
23/05/2011 |
Active |
NO |
|
Name : |
Mr. Nitin Mahajan |
|
Designation : |
Director |
|
Address : |
N-118, Greater Kailash-II, New Delhi-110048, India |
|
Date of Birth/Age : |
28.10.1973 |
|
Date of Appointment : |
01.04.2012 |
|
DIN No.: |
00152138 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74999DL1995PTC065200 |
MITRA
INDUSTRIES PRIVATE LIMITED |
Managing
director |
01/11/2009 |
08/02/1995 |
- |
Active |
NO |
|
2 |
U52110DL1969PTC005010 |
J MITRA
AND COMPANY PRIVATE LIMITED |
Director |
01/04/2012 |
01/07/1998 |
- |
Active |
NO |
|
3 |
L74899HR1962PLC004948 |
SNOWTEMP
ENGINEERING COMPANY LIMITED |
Director |
04/07/2000 |
04/07/2000 |
- |
Active |
NO |
|
4 |
U01403DL1995PTC070027 |
ZEENIA
AGRO AND EXPORTS PRIVATE LIMITED |
Director |
24/10/2001 |
24/10/2001 |
- |
Converted
to LLP |
NO |
|
5 |
U74140DL1981PTC012275 |
MITRA
CONSULTANTS PRIVATE LIMITED |
Director |
11/09/2004 |
11/09/2004 |
- |
Converted
to LLP |
NO |
|
6 |
U45400DL2007PTC169353 |
ISH
REALCONS PRIVATE LIMITED |
Additional
director |
23/05/2011 |
23/05/2011 |
- |
Active |
NO |
|
7 |
U70109DL2006PTC150455 |
ALOHA
TOWNSHIP PRIVATE LIMITED |
Additional
director |
23/05/2011 |
23/05/2011 |
14/06/2011 |
Active |
NO |
|
8 |
AAA-2154 |
MITRA
CONSULTANTS LLP |
Designated
Partner |
31/08/2010 |
31/08/2010 |
- |
Active |
NO |
|
9 |
AAA-2295 |
ZEENIA
AGRO AND EXPORTS LLP |
Designated
Partner |
20/09/2010 |
20/09/2010 |
- |
Active |
NO |
|
10 |
AAA-2613 |
MITRA
MEDICAL SERVICES LLP |
Designated
Partner |
26/10/2010 |
26/10/2010 |
- |
Active |
NO |
|
Name : |
Mr. Jatin Mahajan |
|
Designation : |
Director |
|
Address : |
N-118, Greater Kailash-II, New Delhi-110048, India |
|
Date of Birth/Age : |
20.09.1975 |
|
Date of Appointment : |
30.11.2000 |
|
DIN No.: |
00392610 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74999DL1995PTC065200 |
MITRA
INDUSTRIES PRIVATE LIMITED |
Director |
01/04/2012 |
23/09/1999 |
Active |
NO |
|
2 |
L74899HR1962PLC004948 |
SNOWTEMP
ENGINEERING COMPANY LIMITED |
Director |
04/07/2000 |
04/07/2000 |
Active |
NO |
|
3 |
U52110DL1969PTC005010 |
J
MITRA AND COMPANY PRIVATE LIMITED |
Managing
director |
01/11/2009 |
30/11/2000 |
Active |
NO |
|
4 |
U70109DL2006PTC150455 |
ALOHA
TOWNSHIP PRIVATE LIMITED |
Additional
director |
14/06/2011 |
14/06/2011 |
Active |
NO |
|
5 |
AAA-5661 |
BHANG
HYDEL POWER LLP |
Designated
Partner |
21/07/2011 |
21/07/2011 |
Active |
NO |
|
Name : |
Mr. Rinku Mahajan |
|
Designation : |
Director |
|
Address : |
N-118, Greater Kailash-II, New Delhi-110048, India |
|
Date of Birth/Age : |
24.03.1974 |
|
Date of Appointment : |
01.09.2006 |
|
DIN No.: |
00325821 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U52110DL1969PTC005010 |
J MITRA
AND COMPANY PRIVATE LIMITED |
Director |
01/09/2006 |
01/09/2006 |
- |
Active |
NO |
|
2 |
AAA-2613 |
MITRA
MEDICAL SERVICES LLP |
Designated
Partner |
26/10/2010 |
26/10/2010 |
02/12/2010 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Lalit Mahajan |
61200 |
|
Anila Mahajan |
29700 |
|
Jagdish Mitra and Sons HUF through Karta |
450 |
|
Lalit Mahajan and Sons HUF through Karta |
9450 |
|
Rinku Mahajan |
450 |
|
Shivali Mahajan |
450 |
|
Nitin Mahajan |
24300 |
|
Jatin Mahajan |
24300 |
|
Sai Baba Endowment, India |
14850 |
|
Laxmiji Endowment, India |
14850 |
|
TOTAL |
180000 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
86.25 |
|
Other top fifty shareholders |
13.75 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture and sale of Biotechnology
Product and Diagnostic Reagents. |
GENERAL INFORMATION
|
No. of Employees : |
600 (Approximately) |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M.RAM And Company Chartered Accountant |
|
Address : |
A-1, Aradhana Colony, Sector-13, R.K. Puram, New Delhi – 110066, India |
|
Tel No : |
91-22-28759890 |
|
Pan No.: |
AADPA2233J |
|
|
|
|
Name : |
MRMG And Associates |
|
Address : |
208-210, C.A. Chambers, 18/12, W.E.A. Arya Samaj Road, Karol Bagh, Delhi
– 110005, India |
|
Tel No : |
91-11-41451020 / 28759890 |
|
Pan No.: |
AAOFM6845P |
CAPITAL STRUCTURE
AS ON 29.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
180000 |
Equity Shares |
Rs.100/- each |
Rs. 18.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
180000 |
Equity Shares |
Rs.100/- each |
Rs. 18.000 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 |
18.000 |
18.000 |
18.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
866.424 |
886.698 |
688.210 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
884.424 |
904.698 |
706.210 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.353 |
22.681 |
19.113 |
|
|
|
|
|
|
|
|
TOTAL |
884.777 |
927.379 |
725.323 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
53.875 |
47.836 |
40.121 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
38.654 |
53.554 |
52.291 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
17.356
|
8.091
|
7.350 |
|
|
Sundry Debtors |
97.817
|
91.706
|
319.791 |
|
|
Cash & Bank Balances |
669.057
|
711.307
|
603.692 |
|
|
Other Current Assets |
36.672
|
0.000
|
0.000 |
|
|
Loans & Advances |
0.0000
|
29.212
|
188.001 |
|
Total
Current Assets |
820.902
|
840.316 |
1118.834 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
10.456
|
2.996
|
275.843 |
|
|
Other Current Liabilities |
12.168
|
11.296
|
18.275 |
|
|
Provisions |
6.030
|
0.035
|
191.805 |
|
Total
Current Liabilities |
28.654
|
14.327 |
485.923 |
|
|
Net Current Assets |
792.248
|
825.989 |
632.911 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.0000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
884.777 |
927.379 |
725.323 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
341.322 |
1150.729 |
|
|
|
Other Income |
|
6.843 |
7.350 |
|
|
|
TOTAL |
432.836 |
348.165 |
1158.079 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
402.084 |
471.654 |
698.019 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
402.084 |
471.654 |
698.019 |
|
|
|
|
|
|
|
|
|
PROFIT/LOSS BEFORE
TAX |
30.752 |
(123.489) |
460.060 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/LOSS
AFTER TAX |
30.752 |
(123.489) |
460.060 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Commission |
0.000 |
6.528 |
441.777 |
|
|
|
Export Earnings |
35.167 |
34.542 |
60.330 |
|
|
|
Repair / Service (Earning) |
0.000 |
0.000 |
20.253 |
|
|
|
Sale of Intangible Assets |
0.000 |
0.000 |
4.590 |
|
|
|
Termination Compensation |
0.000 |
326.310 |
5.555 |
|
|
TOTAL EARNINGS |
35.167 |
367.380 |
532.505 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
31.359 |
13.590 |
104.914 |
|
|
|
Capital Goods |
3.257 |
2.492 |
0.000 |
|
|
TOTAL IMPORTS |
34.616 |
16.082 |
104.914 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
170.84 |
(686) |
2555.89 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
7.10
|
(35.47)
|
39.73 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
(36.18)
|
39.98 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.30
|
(13.90)
|
39.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03
|
(0.14)
|
0.65 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.03
|
0.04
|
0.72 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
28.65
|
58.65
|
2.30 |
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 |
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
No |
|
24] |
Banking facility details |
No |
|
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 |
BACKGROUND
Subject is a limited liability company incorporated on 15th March,
1969 under the provisions of the companies act, 1956.
The company’s business is manufacturing and sale of Biotechnology product
and Diagnostic Reagents.
FINANCIAL RESULTS
During the year total revenue of the Company
was Rs. 432.836 Millions against the revenue of Rs. 348.164 Millions in the
previous year. However, during the current year the company incurred profit of
Rs. 30.751 Millions in comoparison to the loss of Rs. 123.488 Millions in the
previous year. The Directors are putting in their best efforts to improve the
performance of the company.
CONTINGENT
LIABILITIES
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
Rs .in Millions |
|
|
Guarantee given by the bank on behalf of the company |
15.900 |
17.800 |
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Bottle Washing Machine
·
Blocks and Dies
·
Tools
·
Furniture and Fixtures
·
Electric Fittings
·
Motor Cars
·
Scooters
·
Cycles
·
Cargo Vehicle
·
Office Equipments
·
Fans
·
Coolers
·
Air Conditioners
·
Refrigerators
·
Generator
·
Franking Machine
·
Photostat Machine
·
Projector
·
Elevator
·
Computers
·
Patents and Trade
Marks
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 pyments 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. 53.94 |
|
|
1 |
Rs. 86.24 |
|
Euro |
1 |
Rs. 72.20 |
INFORMATION DETAILS
|
Report Prepared by
: |
SPR |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
---- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
55 |
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.