MIRA
INFORM REPORT
|
Report Date : |
19.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
ROYALTOUCH ALUMINIUM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Saket Industrial Estate Plot No. 30-31, Sarkhej, Bavala Road, Near Nova
Petrochemical Moriya, Sanand, Ahmedabad – 380009, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
24.03.2004 |
|
|
|
|
Com. Reg. No.: |
04-043848 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 30.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26933GJ2004PTC043848 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Aluminium Like, Aluminium Extrusions. |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 160000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having a moderate track record. The
profitability of the company seems to be low. The external borrowing appears
to be huge. 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.
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 : |
Ms. Surbhi |
|
Designation : |
Market Department |
|
Contact No.: |
91-9374227503 |
|
Date : |
18.07.2013 |
LOCATIONS
|
Registered Office / Factory : |
Saket Industrial Estate Plot No. 30-31, Sarkhej, Bavala Road, Near
Nova Petrochemical Moriya, Sanand, Ahmedabad – 380009, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9374227503/ 9825227503 (Ms. Surbhi) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Jitendra Tulsidas Patel |
|
Designation : |
Director |
|
Address : |
11, “Shiv” Manekbaug Society, Near Nehru Nagar, Ahmedabad - 380014, Gujarat, India |
|
Date of Appointment : |
24.03.2004 |
|
DIN No.: |
00204168 |
|
|
|
|
Name : |
Mr. Patel Arvind Ambalal |
|
Designation : |
Director |
|
Address : |
“Rutuza” 8, Vasant Rajab Societyt, Jodhpur Char Rasta, Satellite Road, Ahmedabad - 380014, Gujarat, India |
|
Date of Appointment : |
24.03.2004 |
|
DIN No.: |
00211536 |
|
|
|
|
Name : |
Mr. Patel Ishwarlal Jadavjibhai |
|
Designation : |
Director |
|
Address : |
652 – Takshshila – 2, Phoolchhab Chowk, Rajkot, Gujarat, India |
|
Date of Appointment : |
15.01.2005 |
|
DIN No.: |
00282849 |
|
|
|
|
Name : |
Mr. Parsania Raj Dineshbhai |
|
Designation : |
Director |
|
Address : |
“Raj”, Nr. Vijay Transport, Surendranagar, Gujarat, India |
|
Date of Appointment : |
08.08.2005 |
|
DIN No.: |
02565599 |
|
|
|
|
Name : |
Mr. Mitulkumar Maganlal Patel |
|
Designation : |
Director |
|
Address : |
A-903, Prestige Towers, B/h. Chief justice Bunglow, Bodakdev, Ahmedabad - 380014, Gujarat, India |
|
Date of Appointment : |
06.08.2010 |
|
Mobile No.: |
91-9099929007 |
|
DIN No.: |
03151868 |
KEY EXECUTIVES
|
Name : |
Ms. Surbhi |
|
Designation : |
Market Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Patel Jitendra Tulsidas |
|
105010 |
|
Patel Arvind Ambalal |
|
245500 |
|
Nisha Arvind Patel |
|
17000 |
|
Ashwin Ambalal Patel |
|
38000 |
|
Geeta Ashwin Patel |
|
52000 |
|
Ambalal Pujabhai Patel |
|
262500 |
|
Dinesh Tulsidasbhai Patel |
|
100020 |
|
Chetna Dinesh Patel |
|
200010 |
|
Raj Dinesh Parsania |
|
70010 |
|
Bharat Tulsidas Patel |
|
70010 |
|
Heena Bharat Patel |
|
89910 |
|
Tulsidas Hirjibhai Patel |
|
0 |
|
Bharat Ambalal Patel |
|
225500 |
|
Mona Bharat Patel |
|
37000 |
|
Seemgauri Jitendra Patel |
|
160010 |
|
Bharat T. Patel (HUF) |
|
90010 |
|
Chandubhai Keshavji Santoki |
|
60000 |
|
Gopi Ravi Jagani |
|
158570 |
|
Hasmukhbhai K. Patel |
|
20000 |
|
Ishwarlal Jadavbhai Patel (HUF) |
|
10 |
|
Jay A. Patel |
|
172500 |
|
Jivanlal Jadavbhai Patel |
|
88000 |
|
Lalita Jivanlal Patel |
|
61800 |
|
Leena H. Patel |
|
20000 |
|
Nitin Keshavji Santoki |
|
60000 |
|
Radha M. Patel |
|
290110 |
|
Rahul M. Patel |
|
300 |
|
Shahil Jiteshkumar Patel |
|
0 |
|
Shakuntala Ishwarlal Patel |
|
10 |
|
Suresh Keshavji Santoki |
|
60000 |
|
Tulsidas H. Patel (HUF) |
|
0 |
|
Ishwarlal J. Patel |
|
1000 |
|
Jivanlal Jadavbhai Patel (HUF) |
|
30100 |
|
Sapnaben Jiteshbhai Patel |
|
100 |
|
Priyanka Jiteshkumar Patel |
|
0 |
|
Kishan Hashmukh Patel |
|
50000 |
|
Dineshbhai Tulsidas Patel (HUF) |
|
40000 |
|
Jitendra Tulsidas Patel (HUF) |
|
40000 |
|
Shiv Jitendra Patel |
|
85010 |
|
Total |
|
3000000 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Aluminium Like, Aluminium Extrusions. |
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|
|
|
Terms : |
|
|
Selling : |
Credit (30 days) |
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|
|
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Purchasing : |
Credit (30 days)/ Depend |
GENERAL INFORMATION
|
Customers : |
Retailers and End Users |
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No. of Employees : |
Not Divulged |
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Bankers : |
Standard Chartered Bank, Bank, Abhijeet II, Ground Floor, Mithakali Six Roads, Ahmedabad - 380006, Gujarat, India |
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Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Ranpura Desai and Company Chartered Accountants |
|
Address : |
1st Floor, Star Avenue, Dr. Radhakrishnan Road, Rajkot –
360001, Gujarat, India |
|
PAN No.: |
AADFR3813P |
CAPITAL STRUCTURE
As on: 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 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 |
|
30.000 |
30.000 |
|
(b) Reserves & Surplus |
|
10.446 |
5.619 |
|
(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) |
|
40.446 |
35.619 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
65.376 |
41.000 |
|
(b) Deferred tax liabilities (Net) |
|
4.771 |
2.857 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
70.147 |
43.857 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
166.279 |
159.572 |
|
(b) Trade payables |
|
41.068 |
71.771 |
|
(c) Other current liabilities |
|
13.652 |
15.621 |
|
(d) Short-term provisions |
|
1.852 |
2.251 |
|
Total Current Liabilities (4) |
|
222.851 |
249.215 |
|
|
|
|
|
|
TOTAL |
|
333.444 |
328.691 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
98.715 |
85.061 |
|
(ii) Intangible Assets |
|
0.001 |
0.001 |
|
(iii) Capital work-in-progress |
|
6.262 |
13.560 |
|
(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 |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
104.978 |
98.622 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
85.312 |
115.897 |
|
(c) Trade receivables |
|
113.471 |
87.938 |
|
(d) Cash and cash equivalents |
|
7.773 |
10.240 |
|
(e) Short-term loans and advances |
|
19.044 |
12.848 |
|
(f) Other current assets |
|
2.866 |
3.146 |
|
Total Current Assets |
|
228.466 |
230.069 |
|
|
|
|
|
|
TOTAL |
|
333.444 |
328.691 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
30.000 |
|
|
2] Share Application Money |
|
|
0.00 |
|
|
3] Reserves & Surplus |
|
|
0.502 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
30.502 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
107.050 |
|
|
2] Unsecured Loans |
|
|
37.421 |
|
|
TOTAL BORROWING |
|
|
144.471 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.951 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
175.924 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
43.171 |
|
|
Capital work-in-progress |
|
|
7.102 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
73.137 |
|
|
Sundry Debtors |
|
|
79.741 |
|
|
Cash & Bank Balances |
|
|
17.288 |
|
|
Other Current Assets |
|
|
1.843 |
|
|
Loans & Advances |
|
|
3.328 |
|
Total
Current Assets |
|
|
175.337 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
4.581 |
|
|
Other Current Liabilities |
|
|
44.206 |
|
|
Provisions |
|
|
0.899 |
|
Total
Current Liabilities |
|
|
49.686 |
|
|
Net Current Assets |
|
|
120.651 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
175.924 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
758.271 |
576.810 |
457.490 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
737.605 |
560.040 |
428.244 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
20.666 |
16.770 |
29.246 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
13.339 |
10.650 |
6.423 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
7.327 |
6.120 |
22.823 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.210 |
0.412 |
9.102 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
5.117 |
5.708 |
13.721 |
|
|
|
|
|
|
|
|
|
Less |
PRIOR YEAR
ADJUSTMENTS |
0.290 |
0.591 |
0.178 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
5.619 |
0.502 |
(13.041) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
10.446 |
5.619 |
0.502 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.71 |
1.90 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.68 |
0.99 |
3.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.23 |
1.94 |
10.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.17 |
0.75 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
5.72 |
5.63 |
4.73 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.02 |
0.92 |
3.52 |
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 |
No |
|
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 |
CURRENT MATURITIES OF
LONG TERM DEBTS:
(Rs. In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Long Term Debts |
|
|
|
|
Current maturities of long term debts |
3.579
|
10.006 |
0.000 |
|
|
|
|
|
|
Total |
3.579
|
10.006 |
0.000 |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2012 |
As on 31.03.2011 |
|
Long term
borrowing |
|
|
|
Loans from shareholders, directors and their relatives |
65.376 |
37.421 |
|
|
|
|
|
Total |
65.376 |
37.421 |
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration number of the company |
U26933GJ2004PTC043848 |
|
Name of the
company |
ROYALTOUCH
ALUMINIUM PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in India of the company |
Saket Industrial Estate Plot No. 30-31, Sarkhej, Bavala Road, Near
Nova Petrochemical Moriya, Sanand, Ahmedabad – 380009, Gujarat, India Email-id - office@ranpuradesai.com
|
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10229355 |
|
Type of charge |
·
Immovable
property |
|
Particular of
charge holder |
Standard Chartered Bank, Bank, Abhijeet II, Ground Floor, Mithakali Six Roads, Ahmedabad - 380006, Gujarat, India Email-id - sme.form8@sc.com |
|
Nature of
instrument creating charge |
Mortgage Deed (Without
Possession) Dated 19.04.2012 |
|
Date of
instrument Creating the charge |
19.04.2012 |
|
Amount secured by
the charge |
Rs. 299.500
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 per bank's
sanction Extent and Operation of the charge First Exclusive
Charge on Securities mentioned Rs.299.500 Millions |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
1) Plot No.30 Adm
2992 Sq. Mtr And Construction Thereof In Saket Industrial Estate Land Bearing
S. No.437 Paiki,439/1, 439/2 Paiki, 442 Paiki, 447 Paiki And 446/1 Paiki At
Village-Moraiya, Sanand Taluka, Ahmedabad 2) Plot No.22 Adm
2870 Sq. Mtr And Construction Thereof In Saket Industrial Estate Land Bearing
S. No.437 Paiki And 438 Paiki At Village-Moraiya, Sanand Taluka, Dist -
Ahmedabad 3) Plot No.22 Adm
650 Sq. Mtr And Construction Thereof In Saket Industrial Estate Land Bearing
S. No. 443/3 Paiki of Village -Moraiya, Sanand Taluka, Dist - Ahmedabad 4) Plot No.21 Adm
3520 Sq. Mtr And Construction Thereof In Saket Industrial Estate Land Bearing
S. No. 437 Paiki And 438 Paiki At Village -Moraiya, Sanand Taluka, Dist -
Ahmedabad 5) Plot No.19 Adm
2080 Sq. Mtr And Construction Thereof In Saket Industrial Estate Land Bearing
S. No. 437 Paiki And 438 Paiki At Village -Moraiya, Sanand Taluka, Dist -
Ahmedabad 6) Plot No.19
& 20 Adm 3536 Sq. Mtr And Construction Thereof In Saket Industrial Estate
Land Bearing S. No.437 Paiki,439/1, 439/2 Paiki, 442,447 Paiki, 446/1 Paiki
At Village -Moraiya, Sanand Taluka, Dist - Ahmedabad 7) Plot
No.18/2,17/1 Adm 2080 Sq. Mtr And Construction Thereof In Saket Industrial
Estate Land Bearing S. No.437 Paiki, 439/1, 439/2 Paiki, 442,447 Paiki, 446/1
Paiki At Village -Moraiya, Sanand taluka, Dist- Ahmedabad 8) Plot No.18 Adm
2080 Sq. Mtr And Construction Thereof In Saket Industrial Estate Land Bearing
S. No.437 Paiki And 438 Paiki At Village -Moraiya, Sanand Taluka, Dist-
Ahmedabad 9) Plot No.32 Adm
3520 Sq. Mtr And Construction Thereof In Saket Industrial Estate Land Bearing
S. No.437 Paiki, 439/1, 439/2 Paiki, 442,447 Paiki, 446/1 Paiki At Village
-Moraiya, Sanand taluka, Dist- Ahmedabad 10) Plot No.31
Adm 2992 Sq. Mtr And Construction Thereof In Saket Industrial Estate Land
Bearing S. No.437 Paiki, 439/1, 439/2 Paiki, 442,447 Paiki, 446/1 Paiki At
Village -Moraiya, Sanand taluka, Dist- Ahmedabad. |
|
Date of
instrument modifying the charge |
15.02.2012 |
|
Particulars of
the present modification |
By way of present
modification, the charge on immovable properties and More particularly described
in schedule of attached MOE dated 19.04.2012 stands enhanced from Rs.219.500
millions to Rs.299.500 millions. All other terms and condition remains
unchanged. |
Fixed Assets
·
Land and Buildings
·
Plan and Machinery
·
Furniture
·
Computer
·
Vehicle
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. 59.71 |
|
|
1 |
Rs. 90.59 |
|
Euro |
1 |
Rs. 78.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
DPH |
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 |
|
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.