MIRA
INFORM REPORT
|
Report Date : |
12.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
JAYESH INDUSTRIES LIMITED (w.e.f.27.03.2000) |
|
|
|
|
Formerly Known
As : |
JAYESH INDUSTRIES PRIVATE LIMITED (w.e.f.15.03.2000) AMSON POLYMERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
605-609, 6th
Floor, Krushal Commercial Complex, Amar Mahal, G M Road, Chembur (West),
Mumbai – 400089, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
27.02.1992 |
|
|
|
|
Com. Reg. No.: |
11-065609 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 8.001
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH1992PLC065609 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMJ06478D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA2870M |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing, Exporting,
Importing, Processing, Marketing and Supplying of Ferro-Alloys, Non-Ferrous
Metals, Minerals and Chemicals. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 266900 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record.
There appears drastic fall in its sales and profitability during 2012. The rating also takes into consideration the delay in servicing its
debt obligation due to weak liquidity position. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow. The company can be considered for business dealings with great
caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating : (CRISIL) D [This rating
are in default or are expected to be in default soon] |
|
Date |
May 2013 |
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. Sawant |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-67039991 |
|
Date : |
11.07.2013 |
LOCATIONS
|
Registered Office : |
605-609, 6th
Floor, Krushal Commercial Complex, Amar Mahal, G M Road, Chembur (West),
Mumbai – 400089, Maharashtra, India |
|
Tel. No.: |
91-22-67039991/ 40749990/ 25260983 |
|
Mobile No.: |
91-9820433671 (Mr. Jayesh D. Shah) |
|
Fax No.: |
91-22-67039990/ 25260986 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No. W104,
MIDC, TTC Industrial Area, Thane – Belapur Road, Khairane, Navi Mumbai –
400613, Maharashtra, India |
|
Tel. No.: |
91-22-67039991 |
|
Fax No.: |
91-22-40119991 |
|
|
|
|
Branches : |
Located at : Coimbatore Rajkot |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Dinesh Nandlal Shah |
|
Designation : |
Managing director |
|
Address : |
Jayesh, B/3, R.B. Mehta Marg, Ghatkopar (East), Mumbai ‐ 400077, Maharashtra, India |
|
Date of Birth/Age : |
27.07.1948 |
|
Date of Appointment : |
24.07.1995 |
|
DIN No.: |
00031829 |
|
|
|
|
Name : |
Mr. Jayesh Dinesh Shah |
|
Designation : |
Whole-time director |
|
Address : |
Jayesh, B/3, R.B. Mehta Marg, Ghatkopar (East), Mumbai ‐ 400077, Maharashtra, India |
|
Date of Birth/Age : |
02.05.1975 |
|
Date of Appointment : |
24.07.1995 |
|
DIN No.: |
00031900 |
|
|
|
|
Name : |
Mr. Utpal Dinesh Shah |
|
Designation : |
Whole-time director |
|
Address : |
Jayesh, B/3, R.B. Mehta Marg, Ghatkopar (East), Mumbai ‐ 400077, Maharashtra, India |
|
Date of Birth/Age : |
29.04.1979 |
|
Date of Appointment : |
17.07.2000 |
|
DIN No.: |
00031972 |
|
|
|
|
Name : |
Monil Dinesh Shah |
|
Designation : |
Whole-time director |
|
Address : |
Jayesh, B/3, R.B. Mehta Marg, Ghatkopar (East), Mumbai ‐ 400077, Maharashtra, India |
|
Date of Birth/Age : |
25.09.1981 |
|
Date of Appointment : |
17.07.2000 |
|
DIN No.: |
00031997 |
KEY EXECUTIVES
|
Name : |
Mr. Sawant |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Dinesh Nandlal
Shah |
|
2440 |
|
Jayesh Dinesh
Shah |
|
2668 |
|
Usha Dinesh Shah |
|
2500 |
|
Utpal Dinesh Shah |
|
2700 |
|
Monil Dinesh Shah |
|
2700 |
|
Dinesh Nandlal
Shah Karta of Dinesh N Shah HUF |
|
10000 |
|
Utpal Impex Private Limited, India |
|
5 |
|
Jayesh Metals and Fero Alloys Private Limited, India |
|
5 |
|
Jayesh D Shah jointly with Usha D Shah |
|
2668 |
|
Usha D Shah jointly with Dinesh N Shah |
|
6250 |
|
Utpal D Shah jointly with Usha D Shah |
|
2700 |
|
Monil DInesh Shah jointly with Dinesh N Shah |
|
2700 |
|
Dinesh N Shah jointly with Usha D Shah |
|
6310 |
|
Jayesh Dinesh Shah jointly with Anuradha Jayesh Shah |
|
5464 |
|
Anuradha Jayesh Shah jointly with Jayesh Dinesh Shah |
|
4700 |
|
Naman Jayesh Shah jointly with Rep. by Father and natural Gurdian Jayesh Dinesh Shah |
|
1000 |
|
Veer Jayesh Shah jointly with Rep. by Father and natural Gurdian Jayesh Dinesh Shah |
|
1000 |
|
Utpal Dinesh Shah jointly with Hetal Utpal Shah |
|
9600 |
|
Hetal Utpal Shah jointly with Utpal Dinesh Shah |
|
2500 |
|
Monil Dinesh Shah jointly with Pooja Monil Shah |
|
9600 |
|
Pooja Monil Shah jointly with Monil Dinesh Shah |
|
2500 |
|
|
|
|
|
Total |
|
80010 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
0.01 |
|
Directors
or relatives of directors |
|
99.99 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing,
Exporting, Importing, Processing, Marketing and Supplying of Ferro-Alloys,
Non-Ferrous Metals, Minerals and Chemicals.
|
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
South America Japan Indonesia |
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
China Europe |
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Credit |
|
|
|
|
Purchasing : |
L/C and Credit |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Powder |
MT |
NA |
1200 |
2109 |
|
lumps |
MT |
NA |
360 |
206 |
GENERAL INFORMATION
|
Customers : |
End Users and OEM’s |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
100 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
State Bank of India, Specialised S.I.B, Branch, Hotel Airways Building
Ground Floor, L.B.S Marg, Ghatkopar (West), Mumbai – 400086, Maharashtra,
India [Tel No.: 91-22-26445524] |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
J. D. Zatakia and Company Chartered Accountants |
|
Address : |
306, Rupa Plaza, Jawahar Road, Ghatkopar (East), Mumbai – 400077,
Maharashtra, India |
|
Tel. No.: |
91-22-25010766/ 25010052 |
|
Mobile No.: |
91-9820122976 |
|
Fax No.: |
91-22-25011051 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAAPZ0084D |
|
|
|
|
Associates Companies/ Firms: |
Jayesh Trading
Company Utpal Impex
Private Limited Jayesh Metal and
Ferro Alloys Private Limited |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150,000 |
Equity Shares |
Rs. 100/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80,010 |
Equity Shares |
Rs. 100/- each |
Rs. 8.001
Millions |
|
|
|
|
|
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs. 100/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80,010 |
Equity Shares |
Rs. 100/- each |
Rs. 8.001
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
8.001 |
8.001 |
|
(b) Reserves & Surplus |
|
58.732 |
57.902 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
66.733 |
65.903 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
11.575 |
9.527 |
|
(b) Deferred tax liabilities (Net) |
|
0.274 |
0.583 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
11.849 |
10.110 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
102.058 |
134.352 |
|
(b)
Trade payables |
|
26.053 |
14.914 |
|
(c)
Other current liabilities |
|
7.652 |
9.268 |
|
(d) Short-term
provisions |
|
11.000 |
15.675 |
|
Total Current
Liabilities (4) |
|
146.763 |
174.209 |
|
|
|
|
|
|
TOTAL |
|
225.345 |
250.222 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
26.495 |
28.810 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
4.445 |
1.319 |
|
(iv)
Intangible assets under development |
|
1.348 |
0.000 |
|
(b) Non-current Investments |
|
3.000 |
3.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
2.287 |
2.246 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
37.575 |
35.375 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
65.443 |
61.714 |
|
(c)
Trade receivables |
|
100.516 |
120.370 |
|
(d) Cash
and cash equivalents |
|
1.099 |
9.262 |
|
(e)
Short-term loans and advances |
|
17.814 |
23.501 |
|
(f)
Other current assets |
|
2.898 |
0.000 |
|
Total
Current Assets |
|
187.770 |
214.847 |
|
|
|
|
|
|
TOTAL |
|
225.345 |
250.222 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
8.001 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
48.742 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
56.743 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
55.842 |
|
|
2] Unsecured Loans |
|
|
9.450 |
|
|
TOTAL BORROWING |
|
|
65.292 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.806 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
122.841 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
28.079 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
48.504 |
|
|
Sundry Debtors |
|
|
80.854 |
|
|
Cash & Bank Balances |
|
|
1.763 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
16.967 |
|
Total
Current Assets |
|
|
148.088 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
37.718 |
|
|
Other Current Liabilities |
|
|
5.933 |
|
|
Provisions |
|
|
9.675 |
|
Total
Current Liabilities |
|
|
53.326 |
|
|
Net Current Assets |
|
|
94.762 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
122.841 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
509.107 |
561.087 |
384.539 |
|
|
|
Other Income |
17.255 |
14.808 |
6.926 |
|
|
|
TOTAL (A) |
526.362 |
575.895 |
391.465 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
437.624 |
492.682 |
|
|
|
|
Increase / (Decrease) in stock |
0.000 |
(18.958) |
|
|
|
|
Employee benefit expenses |
16.465 |
14.023 |
|
|
|
|
Other expenses |
49.049 |
54.355 |
|
|
|
|
TOTAL (B) |
503.138 |
542.102 |
368.184 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
23.224 |
34.057 |
23.281 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
14.411 |
12.235 |
10.556 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
8.813 |
21.822 |
12.725 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.079 |
4.463 |
4.584 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
4.734 |
17.359 |
8.141 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.580 |
5.866 |
2.519 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3.154 |
11.493 |
5.622 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
46.103 |
38.443 |
37.921 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
|
NA |
1.500 |
0.000 |
|
|
|
Interim Dividend on Equity Shares |
|
2.001 |
0.640 |
|
|
|
Dividend on Preference Shares |
|
0.000 |
0.300 |
|
|
|
Transfer to Capital Redemption Reserve |
|
0.000 |
4.000 |
|
|
|
Tax on Dividend |
|
0.332 |
0.159 |
|
|
BALANCE CARRIED
TO THE B/S |
NA
|
46.103 |
38.443 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
123.233 |
142.698 |
68.207 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
274.605 |
307.692 |
122.669 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
39.43 |
143.64 |
65.88 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
540.000 |
|
|
|
|
|
The above information has been parted by Mr. Sawant [Accounts
Department]
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.60
|
2.00 |
1.44 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.93
|
3.09 |
2.12 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.19
|
7.06 |
4.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
0.26 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.70
|
2.18 |
1.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28
|
1.23 |
2.78 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
|
|
|
|
|
Trade payable |
26.053 |
14.914 |
37.718 |
|
|
|
|
|
|
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 |
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) |
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 |
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 |
Yes |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
LONG TERM
BORROWINGS |
|
|
|
Related parties |
7.575 |
7.775 |
|
Others |
4.000 |
1.000 |
|
Total |
11.575 |
8.775 |
FIXED ASSETS:
Land
Buildings
Office Equipments
Furniture and
Fixture
Plant and
Machinery
Vehicles
Computers
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. 59.64 |
|
|
1 |
Rs. 90.14 |
|
Euro |
1 |
Rs. 77.99 |
INFORMATION DETAILS
|
Information Gathered
by : |
PLK |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.