|
Report Date : |
17.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
GLOBAL DRILLING FLUIDS AND CHEMICALS LIMITED |
|
|
|
|
Registered
Office : |
12, Friends Colony (West), New Delhi-110065 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
10.03.1988 |
|
|
|
|
Com. Reg. No.: |
55-030901 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 13.420 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74210DL1988PLC030901 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Specialty Drilling Fluids and Chemicals |
|
|
|
|
No. of Employees
: |
50 (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 63000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The management
has failed to file its financial for the year 2012 with the government
department. As per previous year’s, there appear accumulated losses recorded by
the company. However, trade relations are reported to be fair. Business is active.
Payments are unknown. 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.
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 PARTED BY
|
Name : |
Mr. Surendra |
|
Designation : |
Export Executive |
|
Contact No.: |
91-9911406856 |
|
Date : |
16.07.2013 |
LOCATIONS
|
Registered Office / Factory : |
12, Friends Colony (West), New Delhi-110065, India |
|
Tel. No.: |
91-129-4155501 |
|
Mobile No.: |
91-9911406856 (Mr. Surendra) |
|
Fax No.: |
91-129-4155502 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
75, Sector 27 C, Mathura Road, Faridabad-121003, (Delhi NCR), India |
|
Tel. No.: |
91-129-4271500 |
|
Fax No.: |
91-129-4155502 |
|
|
|
|
R and D Centre : |
Drilling Fluids Division, 33/1, Ghansar, Halol, District Panchmahals-389350,
Gujarat, India |
|
Tel. No.: |
91-2676-247170 |
|
Fax No.: |
91-2676-247236 |
DIRECTORS
AS ON 27.09.2010
|
Name : |
Mr. Pradeep Wig |
|
Designation : |
Director |
|
Address : |
79, Sunder Nagar, New Delhi-110003, India |
|
Date of Birth/Age : |
07.05.1943 |
|
Date of Appointment : |
30.06.2002 |
|
DIN No.: |
00097010 |
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 |
U74899DL1977PTC008685 |
KWALITY
PROCESSED FOOD SERVICES AND EQUIPMENT PRIVATE LIMITED |
Managing
director |
01-12-77 |
01-12-77 |
- |
Converted to LLP
and dissolved |
NO |
|
2 |
U15205DL1965PTC185439 |
KWALITY ICE
CREAMS INDIA PRIVATE LIMITED |
Managing
director |
10-02-81 |
10-02-81 |
- |
Converted to LLP
and dissolved |
NO |
|
3 |
L21093DL1974PLC007495 |
POLYMER PAPERS
LIMITED |
Director |
22-06-02 |
22-06-02 |
07-12-11 |
Active |
NO |
|
4 |
U74210DL1988PLC030901 |
GLOBAL DRILLING
FLUIDS AND CHEMICALS LIMITED |
Director |
30-06-02 |
30-06-02 |
- |
Active |
NO |
|
5 |
U74110DL2001PTC111284 |
GRANT THORNTON
ADVISORY PRIVATE LIMITED |
Director |
01-05-06 |
01-05-06 |
28-03-07 |
Active |
NO |
|
6 |
U15122DL2008PTC185437 |
KWALITY ICE
CREAMS AND PROCESSED FOODS (INDIA) PRIVATE LIMITED |
Director |
02-12-08 |
02-12-08 |
- |
Active |
|
|
7 |
U74899DL1992PLC050587 |
AYURVET LIMITED |
Director |
23-06-10 |
22-01-10 |
- |
Active |
NO |
|
8 |
AAA-2337 |
KWALITY
PROCESSED FOOD SERVICES AND EQUIPMENT LLP |
Designated
Partner |
23-09-10 |
23-09-10 |
- |
Active |
NO |
|
9 |
AAA-2461 |
KWALITY ICE
CREAMS INDIA LLP |
Designated
Partner |
08-10-10 |
08-10-10 |
- |
Active |
NO |
|
Name : |
Mr. Atul Kumar Chug |
|
Designation : |
Director |
|
Address : |
A-2/39, Saforajung Enclave, New Delhi-110029, India |
|
Date of Birth/Age : |
29.10.1958 |
|
Date of Appointment : |
25.07.2004 |
|
DIN No.: |
00120089 |
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 |
U74899DL1987PTC026864 |
SCANCRAFTS
GRAFIKS PRIVATE LIMITED |
Director |
03-02-87 |
03-02-87 |
Active |
NO |
|
2 |
U74210DL1988PLC030901 |
GLOBAL
DRILLING FLUIDS AND CHEMICALS LIMITED |
Director |
25-07-04 |
25-07-04 |
Active |
NO |
|
3 |
U74999PN2008PTC132670 |
ENVIRO
LAUNDRY PRIVATE LIMITED |
Director |
22-08-08 |
22-08-08 |
Active |
NO |
|
4 |
U74900DL2010PTC211678 |
RESTORATION
ENTERPRISES PRIVATE LIMITED |
Director |
02-12-11 |
22-12-10 |
Active |
NO |
|
5 |
U93000DL2011PTC214572 |
LILLY
WHITE LAUNDRY PRIVATE LIMITED |
Director |
22-02-11 |
22-02-11 |
Active |
NO |
|
6 |
U74999DL2012PTC231013 |
OZONE
LAUNDRY SYSTEM PRIVATE LIMITED |
Director |
03-02-12 |
03-02-12 |
Active |
NO |
|
Name : |
Mr. Dheeraj Puri |
|
Designation : |
Director |
|
Address : |
12, Friends Colony (West), New Delhi-110065, India |
|
Date of Birth/Age : |
23.09.1981 |
|
Date of Appointment : |
25.07.2004 |
|
DIN No.: |
00656991 |
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 |
U74210DL1988PLC030901 |
GLOBAL
DRILLING FLUIDS AND CHEMICALS LIMITED |
Whole-time
director |
01-09-11 |
25-07-04 |
Active |
NO |
|
Name : |
Mr. Shagun Puri |
|
Designation : |
Director |
|
Address : |
12, Friends Colony (West), New Delhi-110065, India |
|
Date of Birth/Age : |
22.02.1979 |
|
Date of Appointment : |
25.07.2004 |
|
DIN No.: |
00657054 |
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 |
U74210DL1988PLC030901 |
GLOBAL
DRILLING FLUIDS AND CHEMICALS LIMITED |
Whole-time
director |
01-09-11 |
25-07-04 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2010
|
Names of Shareholders |
No. of Shares |
|
Suni Puri Kanwal Raj Puri |
11000 |
|
Sunil Puri HUF Kanwal Raj Puri |
11000 |
|
Gurmit Singh Charanjit Singh |
18300 |
|
Polymer Papers Limited, India |
317000 |
|
Renu Puri Sunil Puri |
13685 |
|
Abnash Puri Kanwal Raj Puri |
860 |
|
Suresh Puri Kanwal Raj Puri |
860 |
|
Dhruv Puri Sunil Puri |
5300 |
|
Divya Puri Sunil Puri |
345 |
|
Dheeraj Puri Sunil Puri |
2700 |
|
Digvijai Singh Gurmit Singh |
16140 |
|
Anoop Singh Gurmit Singh |
14060 |
|
Rajiv Abbi Baldev Kishan Abbi |
515 |
|
Sunitee Abbi Rajiv Abbi |
515 |
|
Aruna Kapoor Subhash Kapoor |
690 |
|
Aditya Kapoor Subhash Kapoor |
515 |
|
Harsh Kapoor Subhash Kapoor |
515 |
|
Atul Kr. Chug J K Chug |
125000 |
|
R K Solanki Brij Raj Singh |
27500 |
|
Kuldeep Singh Bhalla Alip Singh Bhalla |
27500 |
|
Anil Suneja Bhagwan Das Suneja |
27500 |
|
Tejpal Singh Trilok Chand Singh |
27500 |
|
Prem Kr. Kaickar Kunjlal Kaickar |
27500 |
|
Sudhir Singh Abhilakh Singh |
27500 |
|
Abhilakh Singh Pyray Singh |
28000 |
|
Shashi Kaicker Prem Kr. Kaicker |
125000 |
|
Lucy Maric Wood Carmillo Palazzo |
250000 |
|
Eddie W Woods J P Woods |
235000 |
|
TOTAL
|
1342000 |
AS ON 27.09.2010
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Foreign holdings( Foreign institutional investor(s), Foreign
companie(s) Foreign financial institution(s), Non-resident Indian(s) or
Overseas Corporate bodies or Others |
36.00 |
|
Bodies corporate |
24.00 |
|
Directors or relatives of Directors |
3.00 |
|
Other top fifty shareholders |
37.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Specialty Drilling Fluids and Chemicals |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Drilling Fluids |
||||
|
Countries : |
·
Gulf Countries ·
Dubai |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Drilling and Chemicals |
||||
|
Countries : |
·
China ·
USA |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
L/C |
||||
|
|
|
||||
|
Purchasing : |
L/C |
PRODUCTION STATUS (AS ON : 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
Oil and Well Chemicals |
MT |
6500 |
6500 |
3579.550 |
GENERAL INFORMATION
|
Customers : |
Wholesalers |
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
50 (Approximately) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
·
Punjab and Sind Bank, Industrial Finance Branch,
Connaught Circus, New Delhi-110001, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R K Mehra Chartered Accountant |
|
Address : |
505, Chiranjiv Tower, 43, Nehru Place, New Delhi-110019, India |
|
PAN No.: |
AABFM1488M |
|
|
|
|
Associates : |
Polymer Papers Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1360000 |
Equity Shares |
Rs.10/- each |
Rs. 13.600 Millions |
|
10000 |
9% Cumulative Preference Shares |
Rs.100/- each |
Rs. 1.000 Millions |
|
|
TOTAL |
|
Rs. 14.600
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1342000 |
Equity Shares |
Rs.10/- each |
Rs. 13.420
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
13.420 |
13.420 |
13.420 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
12.324 |
12.543 |
12.762 |
|
|
4] (Accumulated Losses) |
(9.857) |
(12.881) |
(14.934) |
|
|
NETWORTH |
15.887 |
13.082 |
11.248 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
20.070 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
1.548 |
16.333 |
23.309 |
|
|
TOTAL BORROWING |
21.618 |
16.333 |
23.309 |
|
|
DEFERRED TAX LIABILITIES |
0.604 |
0.747 |
1.100 |
|
|
|
|
|
|
|
|
TOTAL |
38.109 |
30.162 |
35.657 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
17.359 |
17.722 |
18.377 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.210 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
20.191
|
12.311 |
8.394 |
|
|
Sundry Debtors |
48.421
|
20.198 |
2.552 |
|
|
Cash & Bank Balances |
11.908
|
5.243 |
10.705 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
20.622
|
5.663 |
11.651 |
|
Total
Current Assets |
101.142
|
43.415 |
33.302 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
54.308
|
16.581 |
5.959 |
|
|
Other Current Liabilities |
24.335
|
13.394 |
9.537 |
|
|
Provisions |
1.959
|
1.000 |
0.526 |
|
Total
Current Liabilities |
80.602
|
30.975 |
16.022 |
|
|
Net Current Assets |
20.540
|
12.440 |
17.280 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
38.109 |
30.162 |
35.657 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
204.758 |
83.932 |
76.703 |
|
|
|
Other Income |
2.922 |
0.503 |
1.641 |
|
|
|
TOTAL (A) |
207.680 |
84.435 |
78.344 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing and Other Expenses |
201.512 |
80.552 |
70.959 |
|
|
|
TOTAL (B) |
201.512 |
80.552 |
70.959 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
6.168 |
3.883 |
7.385 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.846 |
0.662 |
1.818 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
4.322 |
3.221 |
5.567 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.482 |
0.473 |
1.516 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
3.840 |
2.748 |
4.051 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.816 |
0.696 |
1.610 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
3.024 |
2.052 |
2.441 |
|
|
|
|
|
|
|
|
|
|
Transferred to
Capital Redemption Reserve |
0.000 |
0.000 |
0.013 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(12.882) |
(14.934) |
(17.362) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(9.858) |
(12.882) |
(14.934) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
161.342 |
45.700 |
18.253 |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
9.516 |
20.704 |
0.541 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
2.52 |
1.53 |
1.82 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.46
|
2.43 |
3.12 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.88
|
3.27 |
5.28 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.24
|
4.49 |
7.84 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.21 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.36
|
1.25 |
2.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25
|
1.40 |
2.08 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
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 |
No |
|
Unsecured Loan |
Rs.
In Millions 31.03.2011 |
Rs.
In Millions 31.03.2010 |
|
Directors and Promoters (Interest Free) |
0.000 |
3.894 |
|
Corporate Deposit |
0.000 |
2.116 |
|
Interest Accrued and Due |
1.548 |
10.323 |
|
|
|
|
|
TOTAL |
1.548 |
16.333 |
COMMENTS ON
FINANCIAL RESULTS
Company achieved a turnover of Rs. 209.725 Millions the year as against
Rs. 83.932 Millions for previous year showing an increase of approximately
144%. Company registered a net profit of Rs. 3.841 Millions (previous year Rs.
2.749 Millions).
Company achieved Export turnover for Rs. 161.300 Millions as against Rs.
45.700 Millions achieved during the previous year, registering a tremendous
growth of approximately 253%.
Still, due to accumulated losses still the directors are unable to
recommended any dividend.
OPERATIONS
The company’s operations are satisfactory, apart from controlling input
not only to reduce wastage but also the Company is trying to find out suitable
sources to get the desired material at lesser cost price, efficiency increase
is also kept at high.
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Electric Installation
·
Furniture and Fixtures
·
Vehicles
·
Research Equipments
·
Office Equipments
·
Tubewell
·
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 records 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. 59.39 |
|
|
1 |
Rs. 89.89 |
|
Euro |
1 |
Rs. 77.72 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLV |
|
|
|
|
Report Prepared
by : |
DPT |
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 |
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--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.