|
Report Date : |
15.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
MUKKA SEA FOOD INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1st Floor, Trinity Commercial Complex, Attavar,
Mangalore – 570 001, Karnataka |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
04.11.2010 |
|
|
|
|
Com. Reg. No.: |
08-055771 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 55.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U05004KA2010PTC055771 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRM17034D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCM8310E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Fish Meal and Fish Oil. |
|
|
|
|
No. of Employees
: |
110 (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 310000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a successor of “Mukka Sea Food Industries” a partnership
concern started in the year 1960. It has a moderate track record. The financial
situation of the company is moderate. However, trade relations are reported as 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
A4+ (Short Term Rating) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
05.11.2012 |
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. Mohammed Althaf Kalandan |
|
Designation : |
Director |
|
Contact No.: |
91-9845522899 |
|
Date : |
12.07.2013 |
LOCATIONS
|
Registered Office / Corporate Office : |
1st Floor, Trinity Commercial Complex, Attavar,
Mangalore – 570 001, Karnataka, India |
|
Tel. No.: |
91-824-2420772/ 2426405 |
|
Mobile No.: |
91-9845522899 (Mr. Mohammed Althaf Kalandan) |
|
Fax No.: |
91-824-2426405 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
6000 Sq. Ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
|
|
Tel. No.: |
91-824-2475372 |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Kalandan Abdul Razak |
|
Designation : |
Director |
|
Address : |
Umaiy Bagh, Yemmeekere, I Cross, Bolar, Mangalore-575001, Karnataka,
India |
|
Date of Birth/Age : |
08.09.1943 |
|
Date of Appointment : |
04.11.2010 |
|
PAN No.: |
ABTPR1412K |
|
DIN No.: |
02530917 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24231KA1980PTC003763 |
MEDIX
PHARMACEUTICALS PRIVATE LIMITED |
Director |
15-04-06 |
15-04-06 |
Active |
NO |
|
2 |
U05004KA2010PTC055771 |
MUKKA
SEA FOOD INDUSTRIES PRIVATE LIMITED |
Director |
04-11-10 |
04-11-10 |
Active |
NO |
|
3 |
U05004KA2012PTC065520 |
BLUEWAVE
MARINE EXPORTS PRIVATE LIMITED |
Managing
director |
23-08-12 |
23-08-12 |
Active |
NO |
|
Name : |
Mr. Nachipadpu Abdulla Abdul Salam |
|
Designation : |
Director |
|
Address : |
Khazi Lane, Thalangara, Kasaragod, Kerala-671121, India |
|
Date of Birth/Age : |
23.07.1954 |
|
Date of Appointment : |
04.11.2010 |
|
PAN No.: |
ABIPA0456B |
|
DIN No.: |
02531058 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24231KA1980PTC003763 |
MEDIX
PHARMACEUTICALS PRIVATE LIMITED |
Director |
15-04-06 |
15-04-06 |
- |
Active |
NO |
|
2 |
U45201KA2010PTC053362 |
UMAYA
DEVELOPERS PRIVATE LIMITED |
Director |
23-04-10 |
23-04-10 |
08-03-11 |
Active |
NO |
|
3 |
U05004KA2010PTC055771 |
MUKKA
SEA FOOD INDUSTRIES PRIVATE LIMITED |
Director |
04-11-10 |
04-11-10 |
- |
Active |
NO |
|
Name : |
Mr. Kalandan Mohammed Haris |
|
Designation : |
Director |
|
Address : |
Umaiy Bagh, Yemmekere, 1st Corss Road, Bolar,
Magalore-575001, Karnataka, India |
|
Date of Birth/Age : |
19.01.1975 |
|
Date of Appointment : |
04.11.2010 |
|
DIN No.: |
03020471 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U45201KA2010PTC053362 |
UMAYA
DEVELOPERS PRIVATE LIMITED |
Director |
23-04-10 |
23-04-10 |
Active |
NO |
|
2 |
U05004KA2010PTC055771 |
MUKKA
SEA FOOD INDUSTRIES PRIVATE LIMITED |
Director |
04-11-10 |
04-11-10 |
Active |
NO |
|
3 |
U05004KA2012PTC065520 |
BLUEWAVE
MARINE EXPORTS PRIVATE LIMITED |
Director |
23-08-12 |
23-08-12 |
Active |
NO |
|
Name : |
Mr. Mohammad Arif Kalandan |
|
Designation : |
Director |
|
Address : |
Umaiy Bagh, Yemmeekere, I Cross, Bolar, Mangalore-575001, Karnataka,
India |
|
Date of Birth/Age : |
15.01.1975 |
|
Date of Appointment : |
04.11.2010 |
|
DIN No.: |
03020564 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U45201KA2010PTC053362 |
UMAYA
DEVELOPERS PRIVATE LIMITED |
Director |
23-04-10 |
23-04-10 |
Active |
NO |
|
2 |
U05004KA2010PTC055771 |
MUKKA
SEA FOOD INDUSTRIES PRIVATE LIMITED |
Director |
04-11-10 |
04-11-10 |
Active |
NO |
|
3 |
U05004KA2012PTC065520 |
BLUEWAVE
MARINE EXPORTS PRIVATE LIMITED |
Director |
23-08-12 |
23-08-12 |
Active |
NO |
|
Name : |
Mr. Unaiyya Banu |
|
Designation : |
Director |
|
Address : |
Umaiy Bagh, Yemmeekere, I Cross, Bolar, Mangalore-575001, Karnataka,
India |
|
Date of Birth/Age : |
05.01.1958 |
|
Date of Appointment : |
04.11.2010 |
|
PAN No.: |
ANGPB5823R |
|
DIN No.: |
03051040 |
|
|
|
|
Name : |
Mr. Abdul Sayed Nechipadappu Abdullakunhi Haji |
|
Designation : |
Director |
|
Address : |
Khazi Lane, Thalangara, Kasaragod, Kerala-671121, India |
|
Date of Birth/Age : |
04.04.1961 |
|
Date of Appointment : |
04.11.2010 |
|
PAN No.: |
AFEPA7123D |
|
DIN No.: |
03051069 |
|
|
|
|
Name : |
Mr. Mohammed Althaf Kalandan |
|
Designation : |
Director |
|
Address : |
23-10-810, Umaiy Bagh, Yemmeekere, I Cross, Bolar, Mangalore-575001, Karnataka,
India |
|
Date of Birth/Age : |
07.12.1979 |
|
Date of Appointment : |
04.11.2010 |
|
PAN No.: |
AGIPA6496J |
|
DIN No.: |
03051103 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U13100KA2005PTC036760 |
RAHI
MINERALS INTERTRADE PRIVATE LIMITED |
Director |
13-07-05 |
13-07-05 |
Active |
NO |
|
2 |
U05004KA2010PTC055771 |
MUKKA
SEA FOOD INDUSTRIES PRIVATE LIMITED |
Director |
04-11-10 |
04-11-10 |
Active |
NO |
|
3 |
U45201KA2010PTC053362 |
UMAYA
DEVELOPERS PRIVATE LIMITED |
Director |
09-03-11 |
09-03-11 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
K. Mohammed Altaf |
49250 |
|
K Abdul Razak |
164180 |
|
Umaiy Banu |
81280 |
|
N A Abdul Salam |
155870 |
|
N A Abdul Sayed |
78830 |
|
K Mohammed Haris |
13510 |
|
K Mohammed Arief |
7080 |
|
TOTAL
|
550000 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Fish Meal and Fish Oil. |
|
|
|
|
Products : |
|
|
|
|
|
Exports : |
|
|
Products : |
·
Fish Meal ·
Fish Oil |
|
Countries : |
·
Japan ·
Korea |
|
|
|
|
Imports : |
|
|
Products : |
Machinery |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash, Credit |
|
|
|
|
Purchasing : |
L/C, Cash, Credit |
GENERAL INFORMATION
|
Customers : |
OEM’s |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
110 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
·
Canara Bank, Branch Balmatta Road,
Mangalore-575001, Karnataka, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sheikh Abdulla and Company Chartered Accountant |
|
Address : |
Church Building, Kodiabail, Mangalore-575003, Karnataka, India |
|
PAN No.: |
ABIFS9089E |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
700000 |
Equity Shares |
Rs.100/- each |
Rs. 70.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
550000 |
Equity Shares |
Rs.100/-
each |
Rs. 55.000
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 |
|
55.000 |
55.000 |
|
(b) Reserves & Surplus |
|
22.877 |
5.371 |
|
(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) |
|
77.877 |
60.371 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
47.278 |
20.732 |
|
(b) Deferred tax liabilities (Net) |
|
4.738 |
0.866 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
52.016 |
21.598 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
149.639 |
141.171 |
|
(b) Trade payables |
|
66.157 |
247.636 |
|
(c) Other current
liabilities |
|
4.369 |
23.432 |
|
(d) Short-term provisions |
|
7.086 |
4.383 |
|
Total Current Liabilities (4) |
|
227.251 |
416.622 |
|
|
|
|
|
|
TOTAL |
|
357.144 |
498.591 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
109.405 |
80.839 |
|
(ii) Intangible Assets |
|
0.106 |
0.106 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
17.122 |
30.956 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
126.633 |
111.901 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
40.125 |
47.667 |
|
(c) Trade receivables |
|
167.960 |
330.805 |
|
(d) Cash and cash
equivalents |
|
0.470 |
0.435 |
|
(e) Short-term loans
and advances |
|
0.952 |
1.002 |
|
(f) Other current
assets |
|
21.004 |
6.781 |
|
Total Current Assets |
|
230.511 |
386.690 |
|
|
|
|
|
|
TOTAL |
|
357.144 |
498.591 |
|
SOURCES OF FUNDS |
|
|
05.11.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
0.100 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.100 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.000 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.000 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
0.000 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.000 |
|
|
Net Current Assets |
|
|
0.000 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
OTHER ASSETS |
|
|
0.100 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.100 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
|
NET PROFIT |
|
17.505 |
5.371 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
05.11.2010 |
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.53
|
2.68 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.01
|
0.93 |
0.00 |
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 |
Yes |
|
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 |
No |
|
12] |
Profitability for last
two 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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Long Term
Borrowings |
|
|
|
Term Loans From Banks |
3.377 |
0.000 |
|
Loans and Advances from Directors |
21.734 |
0.000 |
|
Loans and Advances from Others |
9.129 |
12.920 |
|
Short Term
Borrowings |
|
|
|
Loans Repayable on Demand from Banks |
5.561 |
0.096 |
|
|
|
|
|
TOTAL |
39.801 |
13.016 |
FINANCIAL PERFORMANCE
The Company incurred a net Profit of Rs. 17.505 Millions
FORM 8
|
Corporate
identity number of the company |
U05004KA2010PTC055771 |
|
Name of the
company |
MUKKA SEA FOOD
INDUSTRIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
1st Floor, Trinity Commercial Complex, Attavar, Mangalore – 570 001, Karnataka, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10280831 |
|
Type of charge |
·
Immovable
property ·
Book
debts ·
Movable
property (not being pledge) |
|
Particular of
charge holder |
Canara Bank, Branch Balmatta Road, Mangalore-575001, Karnataka, India |
|
Nature of instrument
creating charge |
Supplemental
Common Hypothecation Agreement Pronote |
|
Date of
instrument Creating the charge |
07.05.2012 |
|
Amount secured by
the charge |
Rs. 350.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest 11% p a Terms of repayment NA Margin NA Extent and operation of the charge Charge operates
to the extent of ADHOC PC/FDB limits of Rs. 20.000 Millions with a rate of interest at 11% p a |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation of
stock Details of other
goods of supplemental agreement |
|
Particulars of
the present modification |
ADHOC PC/FDB
Limit Of Rs. 20.000 Millions The Total Loan
Amount Will Be Increased From Existing
Rs.330.000 Millions To Rs.350.000 Millions With ADHOC PC/FDB Limit Of Rs.20.000 Millions |
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixtures
·
Computers
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. 59.89 |
|
|
1 |
Rs. 90.88 |
|
Euro |
1 |
Rs. 78.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
NO |
|
--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 |
NO |
|
--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.