|
Report Date : |
05.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
AKRY ORGANICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-318, Ahura Centre, 82 Mahakali Caves Road, Andheri (East), Mumbai -
400093, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
08.04.1993 |
|
|
|
|
Com. Reg. No.: |
11-071527 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.800 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH1993PTC071527 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA20203B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA6005E |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Ethylene Glycols. |
|
|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1800000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The financials of 2012 is not available. Mr. Pratik, director has provided all information but the financials
are not verified. As per the financials of 2011, the company was found normal for any
business dealings. The overall financial position appeared good. However, trade relations are fair. Business is active. Payment terms
are unknown. 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.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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. Pratik Kamlesh Sanghavi |
|
Designation : |
Director |
|
Contact No.: |
91-9820361615 |
|
Date : |
04.07.2013 |
LOCATIONS
|
Registered Office : |
A-318, Ahura Centre, 82 Mahakali Caves Road, Andheri (East), Mumbai
-400093, Maharashtra, India |
|
Tel. No.: |
91-22-30863372/ 30863356 |
|
Mobile No.: |
91-9820361615 (Mr. Pratik Kamlesh Sanghavi) |
|
Fax No.: |
91-22-30863350 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Plant : |
Plot No. 20 and 21, MIDC, Tarapur, Boisar, Palghar – 401506, Thane,
Maharashtra, India |
|
Tel. No.: |
91-2525-324455 |
|
Fax No.: |
91-2525-274452 |
|
|
|
|
Branches : |
302 Parshva Chambers, 17/21 Issaji Street, Vadgadi, Mumbai – 400003,
Maharashtra, India |
|
Tel. No.: |
91-22-32552336 |
|
Fax No.: |
91-22-23447472 |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. Kamlesh Ramanlal Sanghavi |
|
Designation : |
Managing Director |
|
Address : |
Anupam, 10 Ansari Road, Vile Parle (West), Mumbai – 400056,
Maharashtra, India |
|
Date of Birth/Age : |
16.05.1953 |
|
Date of Appointment : |
08.04.1993 |
|
DIN No.: |
01095263 |
|
|
|
|
Name : |
Mrs. Daksha Kamlesh Sanghavi |
|
Designation : |
Director |
|
Address : |
Anupam, 10 Ansari Road, Vile Parle (West), Mumbai – 400056,
Maharashtra, India |
|
Date of Birth/Age : |
07.09.1958 |
|
Date of Appointment : |
12.06.1993 |
|
DIN No.: |
01095274 |
|
|
|
|
Name : |
Mr. Mitul Kamlesh Sanghavi |
|
Designation : |
Whole-time Director |
|
Address : |
Anupam, 10 Ansari Road, Vile Parle (West), Mumbai – 400056,
Maharashtra, India |
|
Date of Birth/Age : |
29.11.1980 |
|
Date of Appointment : |
01.04.2004 |
|
DIN No.: |
01095282 |
|
|
|
|
Name : |
Mr. Pratik Kamlesh Sanghavi |
|
Designation : |
Whole-time Director |
|
Address : |
Anupam, 10 Ansari Road, Vile Parle (West), Mumbai – 400056,
Maharashtra, India |
|
Date of Birth/Age : |
23.01.1984 |
|
Date of Appointment : |
01.01.2006 |
|
DIN No.: |
01095287 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
|
Names of Shareholders |
|
No. of Shares (Equity) |
|
|
|
|
|
Kamlesh Ramanlal Sanghavi |
|
120000 |
|
Daksha Kamlesh Sanghavi |
|
110000 |
|
Mitul Kamlesh Sanghavi |
|
25000 |
|
Pratik Kamlesh Sanghavi |
|
25000 |
|
|
|
|
|
Total |
|
280000 |
|
Names of Shareholders |
|
No. of Shares (Preference) |
|
|
|
|
|
Kamlesh Ramanlal Sanghavi |
|
500 |
|
Daksha Kamlesh Sanghavi |
|
49000 |
|
Mitul Kamlesh Sanghavi |
|
500 |
|
|
|
|
|
Total |
|
50000 |
(AS ON 29.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Ethylene Glycols. |
||||
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||||
|
Products : |
|
||||
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||||
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Exports : |
|
||||
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Countries : |
· Malaysia · South America · USA · Australia · New Zealand · China |
||||
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||||
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Imports : |
|
||||
|
Countries : |
Middle East |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed Capacity |
Installed Capacity |
Actual Production |
|
|
|
|
|
|
|
Glycols |
Kgs |
NA |
30000000 |
19776480 |
Note:
a. The Licensed and Installed Capacities are as certified by the
Management and relied upon by the Auditors being a technical matter.
b. Actual production includes for captive consumption of 2600625 (2512985)
Kgs of Finished good and excluding production of Finished and Semi Finished
Goods 17220 (13020) Kgs processed by third parties.
GENERAL INFORMATION
|
No. of Employees : |
250 (Approximately) |
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Bankers : |
· State Bank of India 70/80, M G Road, Mumbai – 400023, Maharashtra, India · The Hongkong and Shanghai Banking Corporation Limited 52/60, Mahatma Gandhi Road, Fort, Mumbai - 400001, Maharashtra, India · Citi Bank N.A. Bandra-Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India · The Ratnakar Bank Limited Shahupuri, Kolhapur, Kolhapur - 416001, Maharashtra, India · Standard Chartered Bank 90, M G Road, Fort, Mumbai – 40001, Maharashtra, India · Bank of India Mumbai Mid
Corporate Branch, 70/80, M.G. Road, Bank of India Building, Mezzanine Floor,
Fort, Mumbai - 400001, Maharashtra, India |
||||||||||||||||||||||||
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|
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Facilities : |
|
||||||||||||||||||||||||
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K K Garg and Company Chartered Accountant |
|
Address : |
413/415, Hind Rajsthan Building, Dadasaheb Phalke Road, Dadar (East),
Mumbai – 400028, Maharashtra, India |
|
Tel. No.: |
91-22-24112575 |
|
PAN No.: |
AABPG4441L |
|
|
|
|
Enterprises having
same Key Management Personal and /or their relatives as the reporting
enterprises: |
· Crest Chemicals · Icon Organics Private Limited · Akry Rasayan · Efforts Chemicals · Authentic Petro Products Limited |
CAPITAL STRUCTURE
(AS ON 29.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
700000 |
Equity Shares |
Rs.10/- each |
Rs.7.000 millions |
|
50000 |
Preference Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
Total |
|
Rs.7.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
280000 |
Equity Shares |
Rs.10/- each |
Rs.2.800 millions |
|
50000 |
Preference Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
Total |
|
Rs.3.300
Millions |
(AS ON 31.03.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
28000 |
Equity Shares |
Rs.100/- each |
Rs.2.800 millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2.800 |
2.800 |
2.800 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
436.602 |
361.871 |
223.122 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
439.402 |
364.671 |
225.922 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
485.639 |
147.581 |
231.455 |
|
|
2] Unsecured Loans |
78.995 |
67.373 |
65.211 |
|
|
TOTAL BORROWING |
564.634 |
214.954 |
296.666 |
|
|
DEFERRED TAX LIABILITIES |
7.371 |
5.726 |
8.486 |
|
|
|
|
|
|
|
|
TOTAL |
1011.407 |
585.351 |
531.074 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
139.595 |
152.490 |
121.629 |
|
|
Capital work-in-progress |
239.990 |
46.831 |
53.361 |
|
|
|
|
|
|
|
|
INVESTMENT |
58.469 |
33.617 |
14.690 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
422.703
|
134.107
|
185.407 |
|
|
Sundry Debtors |
214.794
|
197.107
|
160.032 |
|
|
Cash & Bank Balances |
8.037
|
16.316
|
5.662 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
151.301
|
97.615
|
81.613 |
|
Total
Current Assets |
796.835
|
445.145
|
432.714 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
222.616
|
92.533
|
91.014 |
|
|
Other Current Liabilities |
0.866
|
0.199
|
0.306 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
223.482
|
92.732
|
91.320 |
|
|
Net Current Assets |
573.353
|
352.413
|
341.394 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1011.407 |
585.351 |
531.074 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
916.940 |
801.659 |
|
|
|
Other Income |
NA |
0.000 |
0.000 |
|
|
|
TOTAL |
NA |
916.940 |
801.659 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
690.726 |
749.760 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
140.844 |
226.214 |
51.899 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
21.468 |
23.725 |
20.716 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
119.376 |
202.489 |
31.183 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
44.645 |
63.740 |
10.454 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
74.731 |
138.749 |
20.729 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
357.796 |
219.047 |
198.318 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
432.527 |
357.796 |
219.047 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
170.420 |
127.800 |
169.690 |
|
|
TOTAL EARNINGS |
170.420 |
127.800 |
169.690 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
382.520 |
85.679 |
183.093 |
|
|
|
Stores & Spares |
24.874 |
16.380 |
0.000 |
|
|
|
Capital Goods |
0.000 |
0.000 |
0.040 |
|
|
|
Consumable |
1.807 |
0.000 |
0.000 |
|
|
|
Others |
0.000 |
0.000 |
4.066 |
|
|
TOTAL IMPORTS |
409.201 |
102.059 |
187.199 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2669.00 |
4955.00 |
740.00 |
|
|
Particulars |
|
31.03.2013 |
31.03.2012 |
|
Sales Turnover (Approximately) |
|
1550.000 |
1230.000 |
|
|
|
|
|
Expected Sales (2013-14): Rs.1800.000 Millions.
The above information has been parted by Mr. Pratik.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
15.13 |
2.59 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
22.08 |
3.89 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.75
|
33.88 |
5.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27
|
0.56 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.29
|
0.59 |
1.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.57
|
4.80 |
4.74 |
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 four years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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 |
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 |
No |
UNSECURED LOANS
|
Particulars |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
|
|
|
|
|
|
Working capital loans banks |
20.439 |
9.357 |
|
Loans directors unsecured |
3.504 |
0.670 |
|
Deferred sales tax loan |
55.052 |
57.346 |
|
|
|
|
|
Total |
78.995 |
67.373 |
NOTE:
Registered office of the company has been shifted from 302 Parshva
Chambers, 17/21 Issaji Street, Vadgadi, Mumbai 400003, Maharashtra, India
to the present address w.e.f.07.04.2010
CONTINGENT LIABILITIES NOT PROVIDED IN RESPECT OF:
- (AS ON 31.03.2011)
a) Bank Guarantee and Letter of Credit issued by banks outstanding
Rs.26.380 Millions
b) Income Tax Demand under appeal Rs.2.310 Millions
c) Custom duty which may arise if obligation of export is not fulfilled
against import of Raw Material and Consumable goods Rs.2.100 Millions
d) The Company has taken key man Insurance policy for an annual premium
of Rs.1.524 Millions to be paid up to 2020-2021.
FORM 8
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10150597 |
|
Corporate
identity number of the company |
U24110MH1993PTC071527 |
|
Name of the
company |
Akry Organics
Private Limited |
|
Address of the
registered office or of the principal place of business in |
A-318 Ahura
Centre 82 Mahakali Caves Road, Andheri (East), Mumbai – 400093, Maharashtra,
India |
|
Type of charge |
Movable property (not being pledge) |
|
Particular of
charge holder |
DBS Bank Limited 3rd Floor, Fort
House, Dr. D N Road, Fort, Mumbai – 400001, Maharashtra, India |
|
Nature of
description of the instrument creating or modifying the charge |
Deed of
Hypothecation |
|
Date of
instrument Creating the charge |
26/02/2013 |
|
Amount secured by
the charge |
Rs.50.000
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest As agreed by and
with the Bank from time to time Terms of
Repayment As agreed by and
with the Bank from time to time Margin As applicable, if
any Extent and
Operation of the charge The existing
charge of Rs.50.000 Millions created vide Agreement for Hypothecation dated
25.02.2009 by way of first pari passu basis on the present and future current
assets of the borrower is now modified to include a further charge on the
present and future movable fixed assets of the borrower located at plot no.
N-20 and N-21 at Tarapur. By way hypothecation on first pari passu charge
basis in addition to the existing charge on current assets created. |
|
Short particulars
of the property charged |
Hypothecation by
way of first pari passu charge on the present and future movable fixed assets
of the borrower located at plot no. N-20 and N-21 at Tarapur. |
|
Particulars of
the present modification |
The existing
charge of Rs.50.000 Millions created vide Agreement for Hypothecation dated
25.02.2009 by way of first pari passu basis on the present and future current
assets of the borrower is now modified to include a further charge on the
present and future movable fixed assets of the borrower located at plot no.
N-20 and N-21 at Tarapur. By way hypothecation on first pari passu charge basis in addition
to the existing charge on current assets created. |
FIXED ASSETS:
· Leasehold Land
· Buildings
· Plant and Machinery
· Furniture and Fixtures
· Vehicle
· Electrical Installation
· 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.60.10 |
|
|
1 |
Rs.91.07 |
|
Euro |
1 |
Rs.77.95 |
INFORMATION DETAILS
|
Information Gathered
by : |
JML |
|
|
|
|
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 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
36 |
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.