1. Summary Information
|
Country |
|
||
|
Company Name |
TUFLITE POLYMERS LIMITED |
Principal Name 1 |
Mr. Shashikant Hargovindas Shah |
|
Status |
Satisfactory |
Principal Name 2 |
Mrs. Indira Shashikant Shah |
|
Registration # |
08-023272 |
||
|
Street Address |
No. 240/1,
Ganesh Krupa, 18th Cross, Sadashiva Nagar, |
||
|
Established Date |
15.01.1998 |
SIC Code |
-- |
|
Telephone# |
91-80-40063000 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-80-42525270 |
Business Style 2 |
Supplier |
|
Homepage |
-- |
Product Name 1 |
Corrugated Sheets |
|
# of employees |
Not Available |
Product Name 2 |
Scratch Resistant Sheets |
|
Paid up capital |
Rs. 28,892,150/- |
Product Name 3 |
Plastic Polymers |
|
Shareholders |
Directors or relatives of directors 100% |
Banking |
Citi Bank |
|
Public Limited Corp. |
No |
Business Period |
15 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
87,632,000 |
Current Liabilities |
84,556,000 |
|
Inventories |
85,914,000 |
Long-term Liabilities |
26,419,000 |
|
Fixed Assets |
15,952,000 |
Other Liabilities |
63,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
111,038,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
49,568,000 |
|
|
|
Net Worth |
78,460,000 |
|
Total Assets |
189,498,000 |
Total Liab. & Equity |
189,498,000 |
|
Total Assets (Previous Year) |
122,215,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
377,711,000 |
Net Profit |
18,754,000 |
|
Sales(Previous yr) |
278,090,000 |
Net Profit(Prev.yr) |
13,822,000 |
|
Report Date : |
11.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
TUFLITE POLYMERS LIMITED (w.e.f. 11.02.2009) |
|
|
|
|
Formerly Known
As : |
SHAH POLYMERS EXIM LIMITED |
|
|
|
|
Registered
Office : |
No. 240/1, Ganesh Krupa, 18th Cross, Sadashiva Nagar, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
15.01.1998 |
|
|
|
|
Com. Reg. No.: |
08-023272 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.27.223
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25200KA1998PLC023272 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRS15791G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS0373F |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Supplier of Corrugated Sheets, Scratch Resistant Sheets,
Plastic Polymers, Advertising Materials, Sheets and Aluminium Glazing
Profiles. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 310000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The company has reported healthy growth in its sales turnover during
2012. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. The company can be considered normal 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
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.
LOCATIONS
|
Registered Office / Corporate Office : |
No. 240/1, Ganesh Krupa, 18th Cross, Sadashiva Nagar, |
|
Tel. No.: |
91-80-40063000 / 40063060 / 42525261 / 23608926 / 42525252 |
|
Mobile No.: |
91-9845212239 (Mr. Mayur Bhagat)
|
|
Fax No.: |
91-80-42525270 |
|
E-Mail : |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Shashikant Hargovindas Shah |
|
Designation : |
Director |
|
Address : |
No. 1, Ashirwad, 1st Main, 1st Block, Rajmahal
Vilas, 2nd Stage, |
|
Date of Birth/Age : |
03.11.1941 |
|
Date of Appointment : |
15.01.1998 |
|
DIN No.: |
00403048 |
|
|
|
|
Name : |
Mrs. Indira Shashikant Shah |
|
Designation : |
Director |
|
Address : |
No. 1, Ashirwad, 1st Main, 1st Block, Rajmahal
Vilas, 2nd Stage, |
|
Date of Birth/Age : |
03.09.1944 |
|
Date of Appointment : |
30.09.2000 |
|
DIN No. : |
00403098 |
|
|
|
|
Name : |
Mr. Mukeshkumar Shashikant Shah |
|
Designation : |
Director |
|
Address : |
No.2/2, Gr Regency Orchards, Rmv Extn, Bellary Road, Bangalore – 560
080, Karnataka, India |
|
Date of Birth/Age : |
02.10.1964 |
|
Date of Appointment : |
14.12.2010 |
|
DIN No. : |
01251401 |
|
|
|
|
Name : |
Mrs. Neeta Mukesh Shah |
|
Designation : |
Director |
|
Address : |
No. 1, Ashirwad, 1st Main, 1st Block, Rajmahal
Vilas, 2nd Stage, |
|
Date of Birth/Age : |
16.10.1966 |
|
Date of Appointment : |
14.12.2010 |
|
DIN No.: |
01596604 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Mukeshkumar Shashikant Shah |
|
1117100 |
|
Deepak Shah |
|
25985 |
|
Shashikant Hargovindas Shah |
|
250100 |
|
Indira Shashikant Shah |
|
540100 |
|
Neeta Mukesh Shah |
|
600100 |
|
Divya Deepak Shah |
|
100 |
|
T R Sundar |
|
100 |
|
Nupur Shah |
|
190000 |
|
Tileron Enterprises Pte Limited, Singapore |
|
174117 |
|
Ankit lepine private limited, India
|
|
1500 |
|
Maanor Investments Private Limited, India |
|
21000 |
|
Pallavi Apartments Private Limited, India |
|
4500 |
|
Pashupati Dealcom Private Limited, India |
|
13000 |
|
Swift Residency Private Limited, India |
|
30000 |
|
Total |
|
2967702 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
8.23 |
|
Directors or relatives of Directors |
81.77 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Corrugated Sheets, Scratch Resistant Sheets,
Plastic Polymers, Advertising Materials, Sheets and Aluminium Glazing
Profiles. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking Relations
: |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Patel Mohan Ramesh and Company Chartered Accountants |
|
Address : |
# 163/1, 4th Main, 7th Cross, Chamrajpet, |
|
Tel. No.: |
91-80-26677163 |
|
Fax No.: |
91-80-26677164 |
|
Website: |
|
|
PAN No.: |
AABFP5408N |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2967702 |
Equity Shares |
Rs.10/- each |
Rs.29.677
Millions |
|
|
|
|
|
As on 31.03.202
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2889215 |
Equity Shares |
Rs.10/- each |
Rs.28.892
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
28.892 |
|
(b) Reserves & Surplus |
|
|
49.568 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
|
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
|
78.460 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
1.328 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.024 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term
provisions |
|
|
0.000 |
|
Total Non-current
Liabilities (3) |
|
|
1.352 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
|
25.091 |
|
(b) Trade payables |
|
|
81.312 |
|
(c) Other current
liabilities |
|
|
3.244 |
|
(d) Short-term
provisions |
|
|
0.039 |
|
Total Current
Liabilities (4) |
|
|
109.686 |
|
|
|
|
|
|
TOTAL |
|
|
189.498 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
15.952 |
|
(ii) Intangible Assets |
|
|
0.000 |
|
(iii) Capital
work-in-progress |
|
|
0.000 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
0.000 |
|
(e) Other
Non-current assets |
|
|
3.416 |
|
Total Non-Current
Assets |
|
|
19.368 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
85.914 |
|
(c) Trade receivables |
|
|
68.615 |
|
(d) Cash and cash
equivalents |
|
|
14.059 |
|
(e) Short-term loans
and advances |
|
|
0.121 |
|
(f) Other current
assets |
|
|
1.421 |
|
Total Current Assets |
|
|
170.130 |
|
|
|
|
|
|
TOTAL |
|
|
189.498 |
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
27.223 |
0.500 |
|
|
2] Share Application Money |
|
0.124 |
0.247 |
|
|
3] Reserves & Surplus |
|
15.796 |
1.915 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
43.143 |
2.662 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
2.868 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.300 |
|
|
TOTAL BORROWING |
|
2.868 |
0.300 |
|
|
DEFERRED TAX LIABILITIES |
|
0.077 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
46.088 |
2.962 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
7.235 |
0.220 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.001 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
43.684
|
6.591
|
|
|
Sundry Debtors |
|
57.343
|
6.911
|
|
|
Cash & Bank Balances |
|
10.466
|
2.074
|
|
|
Other Current Assets |
|
2.016
|
1.479
|
|
|
Loans & Advances |
|
1.471
|
0.470
|
|
Total
Current Assets |
|
114.980
|
17.525
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
73.272
|
14.724
|
|
|
Other Current Liabilities |
|
2.855
|
0.005
|
|
|
Provisions |
|
0.000
|
0.055
|
|
Total
Current Liabilities |
|
76.127
|
14.784
|
|
|
Net Current Assets |
|
38.853
|
2.741
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
46.088 |
2.962 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
377.711 |
278.090 |
7.383 |
|
|
|
Other Income |
2.236 |
6.370 |
0.024 |
|
|
|
TOTAL (A) |
379.947 |
284.460 |
7.407 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Traded Goods |
264.271 |
218.761 |
10.681 |
|
|
|
Changes in Inventories |
(42.230) |
(37.092) |
(4.980) |
|
|
|
Employee Benefit Expenses |
12.701 |
-- |
-- |
|
|
|
Other Expenses |
104.072 |
-- |
-- |
|
|
|
Manufacturing Expenses and Direct Expenses |
-- |
57.526 |
0.000 |
|
|
|
Administrative, Selling and Other Expenses |
-- |
21.618 |
1.199 |
|
|
|
TOTAL (B) |
338.814 |
260.813 |
6.900 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
41.133 |
23.647 |
0.507 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
10.411 |
1.472 |
0.002 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
30.722 |
22.175 |
0.505 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.911 |
1.383 |
0.030 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
27.811 |
20.792 |
0.475 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
9.057 |
6.910 |
0.155 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
18.754 |
13.882 |
0.320 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
15.797 |
1.915 |
1.595 |
|
|
|
|
|
|
|
|
|
|
BALANCE
CARRIED TO THE B/S |
34.551 |
15.797 |
1.915 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
63.673 |
8.453 |
NA |
|
|
TOTAL EARNINGS |
63.673 |
8.453 |
NA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.80 |
10.43 |
6.40 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.94
|
4.88
|
4.32
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.36
|
7.47
|
6.43
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.68
|
17.01
|
2.68
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35
|
0.48
|
0.18
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.34
|
0.07
|
0.11
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.55
|
1.51
|
1.19
|
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 |
No |
|
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 |
Yes |
|
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 |
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 |
NOTE:
The Registered Office of the company has been
shifted from No. 1, MSR Industrial Estate, Gokula, Bangalore-560054, India to the present
address w.e.f. 26.04.2010.
OPERATIONS AND FUTURE
PROSPECTS:
The Company has established a good clientele over the years and expects better business in coming years. The Directors are confident that the future prospect of the Company is bright.
UNSECURED LOAN
Rs.
In Millions
|
Particular |
|
As
on 31.03.2012 |
|
Short Term
Borrowing |
|
|
|
Loans Repayable on Demand |
|
|
|
From Bank |
|
|
|
CITI Bank - Buyer's Short Term Credit |
|
12.038 |
|
HDFC Car
Loan - HONDA CRV. |
|
0.423 |
|
HDFC Car
Loan - Verna. |
|
0.293 |
|
HDFC Car
Loan - Verna Mumbai |
|
0.280 |
|
HDFC Car
loan Gts |
|
0.227 |
|
AXIS Bank
Car Loan – Aftfs |
|
0.417 |
|
From Others |
|
|
|
Linkup Infrastructure Private Limited |
|
1.259 |
|
Total |
|
14.937 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U25200KA1998PLC023272 |
|
Name of the
company |
TUFLITE POLYMERS
LIMITED |
|
Address of the
registered office or of the principal place of business in |
No. 240/1, Ganesh Krupa, 18th Cross, Sadashiva Nagar,
Bangalore – 560 080, Karnataka, India |
|
This form is for |
Creation of charge |
|
Type of charge |
|
|
Particular of
charge holder |
Standard Chartered Bank, Vaishnavi Serenity, 112, 5th Block, Koramangala,, Bangalore - 560095, Karnataka, India |
|
Nature of
instrument creating charge |
Hypothecation
Agreement |
|
Date of
instrument Creating the charge |
25.06.2012 |
|
Amount secured by
the charge |
Rs.120.000
Millions |
|
Brief of the principal
terms an 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 Bank is
having first and exclusive charge on the security given by the Company |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation by way of first and exclusive charge on: a) All the stock in trade both present and future consisting of raw materials, finished goods, goods in process of manufacturing and other merchandise. b) All the present and future book debts, outstanding moneys receivable, claims and bills. c) All the movable fixed assets. |
FIXED ASSETS:
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
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.