|
Report Date : |
15.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
MANGALAM PLASTIC COMPONENTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No. 4 and 5, Padmavaqti Industrial Estate, Sativali, Udhyog
Nagar, Near Parle Technologies, Vasai (East) Thane – 401208, Maharashtra |
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Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2012 |
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|
Date of
Incorporation : |
02.04.1997 |
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|
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|
Com. Reg. No.: |
11-107016 |
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|
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Capital
Investment / Paid-up Capital : |
Rs. 2.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209MH1997PTC107016 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer of Refrigeration Goods and Parts. |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 14000 |
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|
|
|
Status : |
Small company |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small company in its field. Its scale of activities are
limited. The external borrowing seems to be huge. However, trade relations are reported to be fair. Business is active.
Payments are reported to be 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) |
|
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.
INFORMATION DENIED BY
|
Name : |
Mr. Satish |
|
Designation : |
Account Department |
|
Contact No.: |
91-250-2458762 |
|
Date : |
11.07.2013 |
LOCATIONS
|
Registered Office : |
Unit No. 4 and 5, Padmavaqti Industrial Estate, Sativali, Udhyog
Nagar, Near Parle Technologies, Vasai (East) Thane – 401208, Maharashtra,
India |
|
Tel. No.: |
91-250-2458762/ 764 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
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|
|
|
|
Corporate Office / Manufacturing
Facility : |
Unit No.: 4, 5 and 6, Padmavati Industrial Estate, Sativali Udyog Nagar, Waliv Phata, Village Waliv, Vasai (East), District Thane – 401 208, Maharashtra, India |
|
Tel. No.: |
91-250-2458762/ 764 |
|
E-Mail : |
|
|
|
|
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Marketing Partners : |
1/C/13, Drug Empolyees Co-operative Housing Society, Opposite J.K. Gram, Samta Nagar, 1st Pokhran Road, Thane (West) – 400 606, Maharashtra, India |
|
E-Mail : |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Manish Omprakash Sharma |
|
Designation : |
Director |
|
Address : |
401/402 Vasant Galaxy, Mercury C Wing, Eastern Ceramic CM, Bhangur
Nagar, Goregaon (West), Mumbai – 400062, Maharashtra, India |
|
Date of Birth/Age : |
19.02.1980 |
|
Date of Appointment : |
01.01.2001 |
|
DIN No.: |
00774107 |
|
|
|
|
Name : |
Mr. Omprakash Bagharam Sharma |
|
Designation : |
Director |
|
Address : |
401/402 Vasant Galaxy, Mercury C Wing, Eastern Ceramic CM, Bhangur
Nagar, Goregaon (West), Mumbai – 400062, Maharashtra, India |
|
Date of Birth/Age : |
20.05.1952 |
|
Date of Appointment : |
14.01.2011 |
|
DIN No.: |
00774318 |
|
|
|
|
Name : |
Mr. Girish Omprakash Sharma |
|
Designation : |
Director |
|
Address : |
401/402 Vasant Galaxy, Mercury C Wing, Eastern Ceramic CM, Bhangur Nagar,
Goregaon (West), Mumbai – 400062, Maharashtra, India |
|
Date of Birth/Age : |
26.11.1981 |
|
Date of Appointment : |
01.12.2008 |
|
DIN No.: |
02206319 |
|
|
|
|
Name : |
Mr. Sushil Girish Sharma |
|
Designation : |
Director |
|
Address : |
401/402 Vasant Galaxy, Mercury C Wing, Eastern Ceramic CM, Bhangur
Nagar, Goregaon (West), Mumbai – 400062, Maharashtra, India |
|
Date of Birth/Age : |
20.09.1984 |
|
Date of Appointment : |
14.01.2011 |
|
DIN No.: |
03380481 |
|
|
|
|
Name : |
Ms. Priyanka Manish Sharma |
|
Designation : |
Director |
|
Address : |
401/402 Vasant Galaxy, Mercury C Wing, Eastern Ceramic CM, Bhangur
Nagar, Goregaon (West), Mumbai – 400062, Maharashtra, India |
|
Date of Birth/Age : |
10.11.1982 |
|
Date of Appointment : |
14.01.2011 |
|
DIN No.: |
03380489 |
KEY EXECUTIVES
|
Name : |
Mr. Satish |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Omprakash Bagharam Sharma |
|
57500 |
|
Manish Omprakash Sharma |
|
40100 |
|
Girish Omprakash Sharma |
|
47600 |
As on: 30.03.2013
|
Names of Allottess |
|
No. of Allottess |
|
Naresh Sharma |
|
14900 |
|
Sunita Sharma |
|
14900 |
|
|
|
|
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Total |
|
29800 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Refrigeration Goods and Parts. |
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Products : |
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GENERAL INFORMATION
|
Customers : |
·
Blue Star ·
Voltas ·
Supra ·
Awal Gulf ·
Rockwell Vayhan ·
Remi ·
Usha ·
Walkes ·
ICE Make ·
Western ·
Haier ·
Lazza ·
Honeydew ·
ALT |
||||||||||||||||||
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|
||||||||||||||||||
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No. of Employees : |
Not Available |
||||||||||||||||||
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||||||||||||||||||
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Bankers : |
· ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India ·
The Bank of Rajasthan Limited, 105-106, Business
Classic, Chincholi Bunder Road, Off. S. V. Road, Malad (West), Mumbai –
400054, Maharashtra, India |
||||||||||||||||||
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||||||||||||||||||
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Facilities : |
(Rs.
In Millions)
|
|
|
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Banking
Relations : |
-- |
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|
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Auditors : |
|
|
Name : |
Vipul Amodwala and Associates Chartered Accountants |
|
Address : |
253/102, Pratap Enclave, Jawahar Nagar, Goregaon (West), Mumbai –
400062,Maharashtra, India |
|
PAN No.: |
AABPA1380L |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs. 2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
220200 |
Equity Shares |
Rs.10/- each |
Rs. 2.202
Millions |
|
|
|
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|
As on: 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs. 2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs. 2.500 Millions |
|
|
|
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|
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 |
|
2.202 |
2.202 |
|
(b) Reserves & Surplus |
|
1.521 |
2.181 |
|
(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) |
|
3.723 |
4.383 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
12.437 |
9.357 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
12.437 |
9.357 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
3.527 |
3.655 |
|
(c) Other current
liabilities |
|
1.003 |
0.394 |
|
(d) Short-term provisions |
|
1.419 |
1.209 |
|
Total Current Liabilities (4) |
|
5.949 |
5.258 |
|
|
|
|
|
|
TOTAL |
|
22.109 |
18.998 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
11.530 |
8.316 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
1.128 |
1.687 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
12.658 |
10.003 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
4.000 |
2.542 |
|
(c) Trade receivables |
|
5.239 |
6.415 |
|
(d) Cash and cash
equivalents |
|
0.212 |
0.038 |
|
(e) Short-term loans
and advances |
|
0.000 |
0.000 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
9.451 |
8.995 |
|
|
|
|
|
|
TOTAL |
|
22.109 |
18.998 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.452 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.981 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1.433 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
2.631 |
|
|
2] Unsecured Loans |
|
|
2.904 |
|
|
TOTAL BORROWING |
|
|
5.535 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
6.968 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
4.084 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1.621 |
|
|
Sundry Debtors |
|
|
3.110 |
|
|
Cash & Bank Balances |
|
|
0.175 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.959 |
|
Total
Current Assets |
|
|
5.865 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1.365 |
|
|
Other Current Liabilities |
|
|
1.057 |
|
|
Provisions |
|
|
0.559 |
|
Total
Current Liabilities |
|
|
2.981 |
|
|
Net Current Assets |
|
|
2.884 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
6.968 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
|
|
Turnover/ Income |
26.547 |
29.614 |
18.888 |
|
|
|
|
|
|
|
|
|
|
EXPENSES |
27.207 |
28.017 |
17.617 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
(0.660) |
1.700 |
1.187 |
|
|
|
|
|
|
|
|
|
|
TAX |
0.000 |
0.500 |
0.206 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(0.660) |
1.200 |
0.981 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of export |
-- |
6.580 |
3.723 |
|
|
TOTAL EARNINGS |
NA |
6.580 |
3.723 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
(4.55) |
5.44 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.99) |
8.95 |
11.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.18) |
0.39 |
0.82 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.35 |
2.13 |
3.86 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.59 |
1.71 |
1.97 |
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 |
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
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 LOAN
|
Particulars |
As on 31.03.2012 |
As on 31.03.2011 |
|
Long term
borrowing |
|
|
|
Loans and advance from related parties |
4.300 |
1.988 |
|
|
|
|
|
Total |
4.300 |
1.988 |
Note:
The Registered Office of the company has been shifted from A/4, Veena Nagar Co. Operative Hosing Society Limited, Chinchoki Phatak, S. V. Road, Malad (West), Mumbai- 400064 Maharashtra, India to the present address w.e.f. 06.05.2009.
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration number of the company |
U25209MH1997PTC107016 |
|
Name of the company
|
MANGALAM PLASTIC
COMPONENTS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
Unit No. 4 and 5, Padmavaqti Industrial Estate, Sativali, Udhyog
Nagar, Near Parle Technologies, Vasai (East) Thane – 401208, Maharashtra,
India Email-id - vamodwala@rediffmail.com
|
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10194636 |
|
Type of charge |
Immovable
property Book debts Movable property
(not being pledge) Others (Stocks
and machinery) |
|
Particular of
charge holder |
ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India Email-id - shanthi.venkatesan@icicibank.com
|
|
Nature of
instrument creating charge |
Supplementary
Deed of Hypothecation and Supplemental and Amendatory Agreement to the
Facility Agreement |
|
Date of
instrument Creating the charge |
30.03.2012 |
|
Amount secured by
the charge |
Rs. 7.400
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Extent and Operation of the charge The charge
extends to repayment of the overdraft and working capital facility by
hypothecation of the moveable, current and immoveable assets of the Company |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Exclusive charge
on the stocks, receivables, plant and machinery Exclusive charge on gala no.
3, 4, 5, Padmavati Industrial Estate, Sativali Udyog Nagar, Vasai (East),
thane, more particularly described in the agreement |
|
Date of instrument
modifying the charge |
11.03.2011 |
|
Particulars of
the present modification |
By the present
modification the limit has been enhanced to Rs. 7.400 Millions from Rs.6.000
Millions. |
FIXED ASSETS
· Furniture and Fixture
· Dies and Moulds
· Computer
· Air Condition
· Fax Machine
· Mobile Phone
· Office Equipment
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. 59.90 |
|
|
1 |
Rs. 90.88 |
|
Euro |
1 |
Rs. 78.32 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--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 |
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 |
|
34 |
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.