|
Report Date : |
11.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
FERROUS INFRASTRUCTURE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Seth Farms, Khasra No.41/42/44/45, Mehruli Gurgaon Road, Ghitorni, New
Delhi – 110030 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 (Provisional) |
|
|
|
|
Date of
Incorporation : |
02.02.2006 |
|
|
|
|
Com. Reg. No.: |
55-145748 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.15.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45201DL2006PTC145748 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Builder and Developer of Commercial Real Estate. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having a moderate track record. It is engaged as a Builder and Developer of Commercial Real Estate in
Cities like Faridabad, Palwal Dharuhera, Rewari and Ghaziabad. As per the provisional statement of 2013, the company shows better
profits. However, there appear huge external borrowings. As per the audited financial of 2012, the overall financial position
of the company is below average due to loss incurred during the year, low
reserves and huge external borrowings. However, trade relations are reported as fair. Business is active.
Payment terms are slow but correct. The company can be considered for business dealings with some 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. N. C. Jai |
|
Designation : |
General Manager (Finance) |
|
Contact No.: |
91-9810643612 |
|
Date : |
27.06.2013 |
LOCATIONS
|
Registered Office : |
Seth Farms, Khasra No.41/42/44/45, Mehruli Gurgaon Road, Ghitorni, New
Delhi – 110030, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9810643612 (Mr. N. C. Jain) 91-9560680840 (Mr. Ankit Jha) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
1st Floor, Block-B, Vatika Towers, Main Golf Course Sector Road, Sector – 54, Gurgaon, Haryana, India |
|
Tel. No.: |
91-124-4625500 (100 Lines) |
|
Fax No.: |
91-124-4625555 |
|
E-Mail : |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. Surender Seth |
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|
Designation : |
Director |
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|
Address : |
Seth Farms, Mehrauli Gurgaon Road Ghitorni, New Delhi –
110048, India |
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|
Date of Birth/Age : |
25.02.1945 |
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|
Date of Appointment : |
02.02.2006 |
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DIN No.: |
01382812 |
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Other Directorship : |
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|
Name : |
Mr. Ashish Seth |
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Designation : |
Director |
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|
Address : |
Seth Farm, Khasra 41/42/44/45, Mehrauli Gurgaon Road,
Ghitorni, New Delhi - 110030, India |
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Date of Birth/Age : |
08.05.1968 |
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|
Date of Appointment : |
02.02.2006 |
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DIN No.: |
01382833 |
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Other Directorship : |
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KEY EXECUTIVES
|
Name : |
Mr. N. C. Jai |
|
Designation : |
General Manager (Finance) |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Surender Seth |
|
82500 |
|
Ashish Seth |
|
67500 |
|
|
|
|
|
Total |
|
150000 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Builder and Developer of Commercial Real Estate. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 days) |
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|
|
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Purchasing : |
Cash and Credit (30 days) |
GENERAL INFORMATION
|
Customers : |
Retailers |
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No. of Employees : |
200 (Approximately) |
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Bankers : |
· ICICI Bank Limited Gurgaon, Haryana, India · The Bank of Rajasthan Limited 17, Kachnar
Marg, Qutab Enclave, DLF Phase-I, Gurgaon - 122001, Haryana, India |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Raju and Prasad Chartered Accountants |
|
Address : |
A-20/20, DLF City, Gurgaon – 122001, Haryana, India |
|
PAN No.: |
AACFR2404H |
|
|
|
|
Associates/Subsidiaries : |
· Ferrous Alloy Forgings Private Limited · Ferrous Forgings Limited · Ferrous Township Private Limited · Triveni-Ferrous Infrastructure Private Limited · Ferrous Infrastructure Private Limited · Lavish Housing Private Limited · Ernest Housing Private Limited · Ferrous Luxury World Private Limited · Prudential Land Base Private Limited · M and S Landbase Private Limited |
CAPITAL STRUCTURE
(AS ON 31.03.2013
- PROVISIONAL)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.100/- each |
Rs.15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.100/- each |
Rs.15.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 (Provisional) |
31.03.2012 (Audited) |
31.03.2011 (Audited) |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
15.000 |
15.000 |
15.000 |
|
(b) Reserves & Surplus |
28.915 |
5.342 |
26.792 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’
Funds (1)+(2) |
43.915 |
20.342 |
41.792 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
227.623 |
133.178 |
7.390 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
185.030 |
166.262 |
46.002 |
|
Total
Non-current Liabilities (3) |
412.653 |
299.440 |
53.392 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
14.875 |
30.521 |
83.135 |
|
(b)
Trade payables |
0.000 |
0.000 |
0.000 |
|
(c)
Other current liabilities |
590.726 |
966.300 |
814.143 |
|
(d)
Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
605.601 |
996.821 |
897.278 |
|
|
|
|
|
|
TOTAL |
1062.169 |
1316.603 |
992.462 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
19.817 |
25.296 |
30.763 |
|
(ii)
Intangible Assets |
0.036 |
0.061 |
0.101 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
14.300 |
14.300 |
14.300 |
|
(c) Deferred tax assets
(net) |
2.322 |
1.656 |
1.080 |
|
(d) Long-term Loan
and Advances |
0.000 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.045 |
|
Total
Non-Current Assets |
36.475 |
41.313 |
46.289 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
692.532 |
834.143 |
709.093 |
|
(c)
Trade receivables |
26.646 |
26.772 |
0.000 |
|
(d)
Cash and cash equivalents |
63.375 |
38.915 |
19.852 |
|
(e)
Short-term loans and advances |
243.141 |
375.460 |
217.228 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1025.694 |
1275.290 |
946.173 |
|
|
|
|
|
|
TOTAL |
1062.169 |
1316.603 |
992.462 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 (Provisional) |
31.03.2012 (Audited) |
31.03.2011 (Audited) |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
724.135 |
531.041 |
395.481 |
|
|
|
Other Income |
2.297 |
5.559 |
3.875 |
|
|
|
TOTAL (A) |
726.432 |
536.600 |
399.356 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Land and Construction thereon |
573.174 |
439.058 |
321.656 |
|
|
|
Employee benefits expenses |
40.861 |
29.730 |
21.122 |
|
|
|
Other Expenses |
49.510 |
49.031 |
35.314 |
|
|
|
TOTAL (B) |
663.545 |
517.819 |
378.092 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
62.887 |
18.781 |
21.264 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
34.606 |
29.153 |
6.224 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
28.281 |
(10.372) |
15.040 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.374 |
6.686 |
6.223 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
22.907 |
(17.058) |
8.817 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.665) |
4.392 |
(0.441) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
23.572 |
(21.450) |
9.258 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
157.15 |
(143.00) |
61.72 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 (Provisional) |
31.03.2012 (Audited) |
31.03.2011 (Audited) |
|
PAT / Total Income |
(%) |
3.24
|
(3.99) |
2.32 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.16
|
(3.21) |
2.23 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.19
|
(1.31) |
0.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.52
|
0.84 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
5.52
|
8.05 |
2.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.69
|
1.28 |
1.05 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
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 |
------------------------------------------------------------------------------------------------------------------------------
UNSECURED
LOANS
|
Particulars |
31.03.2013 (Provisional) |
31.03.2012 (Audited) |
|
|
(Rs. In Millions) |
|
|
Long Term
Borrowings |
|
|
|
Term Loan |
|
|
|
- From Directors |
44.300 |
44.300 |
|
- From Other Parties |
179.942 |
83.114 |
|
|
|
|
|
Short Term
Borrowings |
|
|
|
Deposits |
12.835 |
5.990 |
|
Other Loans and Advances |
0.000 |
22.490 |
|
|
|
|
|
Total |
237.077 |
155.894 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH
STATEMENT AS ON 31.03.2012
MR.
ASHISH SETH – DIRECTOR
(RS. IN MILLIONS)
|
PARTICULARS |
ESTIMATED VALUE |
ESTIMATED MARKET VALUE |
|
ASSETS |
|
|
|
1 IMMOVABLE PROPERTIES |
|
|
|
Factory land and building |
-- |
-- |
|
Agricultural Land Farm |
-- |
-- |
|
Houses Shops |
-- |
-- |
|
Flats |
48.252 |
70.000 |
|
Villas |
-- |
-- |
|
Apartments |
-- |
-- |
|
Total |
48.252 |
70.000 |
|
|
|
|
|
2 INVESTMENTS |
|
|
|
Shares in Companies
(Listed) |
0.010 |
0.010 |
|
Shares in Companies
(Unlisted) |
5.707 |
5.707 |
|
Debentures in Companies |
-- |
-- |
|
Preference Shares in
Companies |
-- |
-- |
|
Bonds |
-- |
-- |
|
LIC |
-- |
-- |
|
PPF |
-- |
-- |
|
NSC |
-- |
-- |
|
KVP |
-- |
-- |
|
Fixed Deposits |
-- |
-- |
|
Investment in Mutual Funds |
-- |
-- |
|
Total |
5.717 |
5.717 |
|
|
|
|
|
3 PERSONAL EFFECTS |
|
|
|
Jewellery / Personal
Effects |
27.500 |
30.000 |
|
Total |
27.500 |
30.000 |
|
|
|
|
|
4 CAPITAL INVESTMENT IN
PARTNERSHIP FIRMS AND HUF |
-- |
-- |
|
|
|
|
|
5 OTHER CURRENT ASSETS |
|
|
|
Cash in hand |
1.644 |
1.644 |
|
Bank Balance |
0.108 |
0.108 |
|
Loans and Advances |
0.621 |
0.621 |
|
Total |
2.373 |
2.373 |
|
|
|
|
|
TOTAL ASSETS (A) |
83.842 |
108.090 |
|
|
||
|
LESS: LIABILITIES |
|
|
|
Bank Loan |
-- |
-- |
|
Personal Loan |
-- |
-- |
|
Car Loans |
-- |
-- |
|
Other Unsecured Loan |
58.978 |
58.978 |
|
|
|
|
|
TOTAL LIABILITIES (B) |
58.978 |
58.978 |
|
|
||
|
NET CREDIT WORTH (A-B) |
24.864 |
49.112 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH
STATEMENT AS ON 31.03.2012
MR.
SURENDER SETH – DIRECTOR
(RS. IN MILLIONS)
|
PARTICULARS |
ESTIMATED VALUE |
ESTIMATED MARKET VALUE |
|
ASSETS |
|
|
|
1 IMMOVABLE PROPERTIES |
|
|
|
Factory land and building |
-- |
-- |
|
Agricultural Land |
-- |
-- |
|
Farm Houses |
2.738 |
1750.000 |
|
Shops |
-- |
-- |
|
Flats |
-- |
-- |
|
Villas |
-- |
-- |
|
Apartments |
-- |
-- |
|
Total |
2.738 |
1750.000 |
|
|
|
|
|
2 INVESTMENTS |
|
|
|
Shares in Companies
(Listed) |
1.052 |
1.000 |
|
Shares in Companies
(Unlisted) |
9.710 |
9.710 |
|
Debentures in Companies |
-- |
-- |
|
Preference Shares in
Companies |
-- |
-- |
|
Bonds |
-- |
-- |
|
LIC |
0.104 |
0.104 |
|
PPF |
-- |
-- |
|
NSC |
-- |
-- |
|
KVP |
-- |
-- |
|
Fixed Deposits |
0.436 |
0.436 |
|
Investment in Mutual Funds |
-- |
-- |
|
Total |
11.302 |
11.250 |
|
|
|
|
|
3 PERSONAL EFFECTS |
|
|
|
Jewellery / Personal
Effects |
35.000 |
40.000 |
|
Total |
35.000 |
40.000 |
|
|
|
|
|
4 CAPITAL INVESTMENT IN
PARTNERSHIP FIRMS AND HUF |
-- |
-- |
|
|
|
|
|
5 OTHER CURRENT ASSETS |
|
|
|
Cash in hand |
0.082 |
0.082 |
|
Bank Balance |
1.023 |
1.023 |
|
Loans and Advances |
74.519 |
74.519 |
|
Total |
75.624 |
75.624 |
|
|
|
|
|
TOTAL ASSETS (A) |
124.664 |
1876.874 |
|
|
||
|
LESS: LIABILITIES |
|
|
|
Bank Loan |
-- |
-- |
|
Personal Loan |
-- |
-- |
|
Car Loans |
-- |
-- |
|
Other Unsecured Loan |
79.191 |
79.191 |
|
|
|
|
|
TOTAL LIABILITIES (B) |
79.191 |
79.191 |
|
|
||
|
NET CREDIT WORTH (A-B) |
45.473 |
1797.683 |
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS:
· Computer
· Air Conditioner
· Furniture and Fixture
· Office Equipments
· Lab Equipments
· Motor Car (vehicles)
· Machinery and Equipment FBD
· Furniture and Fixtures
· Computer Software
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.60.13 |
|
|
1 |
Rs.89.52 |
|
Euro |
1 |
Rs.76.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.