|
Report Date : |
25.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
MAHESHWARI LOGISTICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
239, Panchratna Complex, GIDC, Char Rasta, Vapi – 396195, Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
12.10.2006 |
|
|
|
|
Com. Reg. No.: |
04-049224 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.44.380 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U60232GJ2006PTC049224 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECM8332N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Suppliers of all types of Coal, Coke, Lignite, Kraft Paper and Duplex
Board, Fleet Owners and Transport Contractors. |
|
|
|
|
No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 980000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
Trade relations are reported to be fair. Business is active. Payments are reported
to be usually correct and as per commitments. The company can be considered for normal business dealings at usual
trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term Loan: BBB- |
|
Rating Explanation |
Having moderate degree of safety regarding
timely servicing of financial obligation, it carry moderate credit risk. |
|
Date |
June, 2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Jagdish Patel |
|
Designation : |
Finance Department |
|
Contact No.: |
91-260-2431024 |
|
Date : |
24.07.2013 |
LOCATIONS
|
Registered Office : |
239, Panchratna Complex, GIDC, Char Rasta, Vapi – 396195, Gujarat,
India |
|
Tel. No.: |
91-260-2431024 |
|
Fax No.: |
91-260-2427024 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Ahmedabad Office
: |
3, Rajesh
Appartment, Behind Navgujarat College,
Ashram Road, Ahmedabad – 380014, Gujarat, India |
|
Tel No.: |
91-79-26540790 |
|
Fax No.: |
91-79-27542926 |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. Vinay Premnarayan Maheshwari |
|
Designation : |
Whole-time Director |
|
Address : |
Vapi 201, Mahavir Prakash, Mahavir Nagar, National Highway No.8, Vapi –
396195, Gujarat, India |
|
Date of Birth/Age : |
18.12.1978 |
|
Date of Appointment : |
12.10.2006 |
|
DIN No.: |
01680099 |
|
PAN No.: |
ABWPM0867C |
|
|
|
|
Name : |
Mr. Amit Kailashnarayan Maheshwari |
|
Designation : |
Whole-time Director |
|
Address : |
201, Mahavir Prakash, Mahavir Nagar, National Highway No.8, Vapi –
396195, Gujarat, India |
|
Date of Birth/Age : |
22.05.1976 |
|
Date of Appointment : |
27.11.2007 |
|
DIN No.: |
01680183 |
|
PAN No.: |
ABWPM0868P |
|
|
|
|
Name : |
Mrs. Mukta Maheshwari |
|
Designation : |
Additional Director |
|
Address : |
201, Mahavir Prakash, Mahavir Nagar, National Highway No.8, Vapi –
396195, Gujarat, India |
|
Date of Birth/Age : |
30.04.1973 |
|
Date of Appointment : |
18.05.2012 |
|
DIN No.: |
01726964 |
|
|
|
|
Name : |
Mrs. Mayadevi Krishnaawtar Kabra |
|
Designation : |
Director |
|
Address : |
T 4A, Shantinagar Society, Usmanpura, Ahmedabad – 380013, Gujarat,
India |
|
Date of Birth/Age : |
23.07.1956 |
|
Date of Appointment : |
15.07.2008 |
|
DIN No.: |
02226124 |
|
PAN No.: |
ADIPK7306A |
|
|
|
|
Name : |
Mr. Varun Krishnavtar Kabra |
|
Designation : |
Director |
|
Address : |
T 4A, Shantinagar Society, Usmanpura, Ahmedabad – 380013, Gujarat,
India |
|
Date of Birth/Age : |
09.03.1986 |
|
Date of Appointment : |
01.09.2009 |
|
DIN No.: |
02760600 |
|
PAN No.: |
AMLPK1507F |
KEY EXECUTIVES
|
Name : |
Mr. Jagdish Patel |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Neerajkumar P. Maheshwari |
|
200000 |
|
Vinay P. Maheshwari |
|
517500 |
|
Amit K. Maheshwari |
|
480000 |
|
Dineshkumar S. Maheshwari |
|
30000 |
|
Manju A. Maheshwari |
|
37500 |
|
Premnarayan L. Maheshwari |
|
30000 |
|
Radhadevi P. Maheshwari |
|
30000 |
|
Seema D. Maheshwari |
|
30000 |
|
Kailash S. Kabra |
|
125000 |
|
Varun Kabra |
|
550000 |
|
Rachana A. Maheshwari |
|
30000 |
|
Arihant Avenue and Credit Limited |
|
250000 |
|
Maya Texturisers Private Limited |
|
500000 |
|
Mukta N. Maheshwari |
|
1150000 |
|
Mayadcvi Kabra |
|
300000 |
|
Jagannath R. Kabra |
|
100000 |
|
Maheshwari InfoTech Private Limited |
|
78000 |
|
|
|
|
|
Total |
|
4438000 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
18.65 |
|
Directors or relatives of directors |
|
81.35 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Suppliers of all types of Coal, Coke, Lignite, Kraft Paper and Duplex
Board, Fleet Owners and Transport Contractors. |
|
|
|
|
Imports : |
|
|
Products : |
Coal |
|
Countries : |
· Singapore · Malaysia · Indonesia |
|
|
|
|
Terms : |
|
|
Purchasing : |
Depend |
GENERAL INFORMATION
|
Customers : |
·
Arihant Coke Industries Limited, Gandhidham ·
Best Paper Mills Limited, Vapi ·
Damanganga Board Mills Private Limited, Vapi ·
Gayatrishakti Paper Mills Limited, Vapi ·
Gujrat NRE Coke Limited, Jamnagar - Gandhidham ·
Hindustan Zinc Limited, Udaipur ·
Jaypee Gujarat Cement Plant - Vayor ·
JSL Limited, Hisar ·
N. R. Agarwal Group of Industries, Vapi ·
NSL Limited, Guntoor ·
Prince Plastic Limited, Mumbai ·
Rainbow Papers Limited, Ahmedabad ·
Ruby Macons Limited, Vapi ·
Shah Group of Industries, Vapi ·
Shree Cement Limited, Rass ·
Sona Alloys Limited, Lonanad, Satara ·
Saurashtra Fuels Limited, Mahashakti Coke, Gandhidham ·
Tata Metaliks Limited, Redi ·
Ultratech Cement Limited, Unit Birla White Kharia, Jodhpur ·
Ultratech Cement Limited, Unit Vikram Cement Neemuch ·
Ultratech Cement Limited, Unit Aditya Cement Shambhupura ·
Ultratech Cement Limited, Unit Grasim Cement Kotputli ·
Ultratech Cement Limited, Unit Gujarat Cement · Ultratech Cement Limited, Unit Narmada Cement |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
25 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
· State Bank of India Mid Corporate Branch, ground Floor, Via House, GIDC, Vapi – 396195,
Gujarat, India · Indian Overseas Bank Kanta Trade Centre, Near GIDC Char Rasta, Vapi – 396195, Gujarat, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kakaria and Associates Chartered Accountants |
|
Address : |
"Kakaria's
Excellenza" Royal Fortune Complex, Daman Road, Chala, Vapi-396191,
Gujarat, India |
|
PAN No.: |
AAHFK2571P |
|
|
|
|
Enterprise
owned by the Key Management Personnel : |
· Mahesh Roadways · Maheshwari Brothers · Maheshwari Coal Corporation · Star Developers · Kailash Associates · Maheshwari Infotech Private Limited · Maya Texturisers Private Limited |
CAPITAL STRUCTURE
(AS ON 29.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4438000 |
Equity Shares |
Rs.10/- each |
Rs.44.380
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 |
|
44.380 |
2.997 |
|
(b) Reserves & Surplus |
|
200.196 |
146.703 |
|
(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) |
|
244.576 |
149.700 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
82.133 |
127.241 |
|
(b) Deferred tax liabilities (Net) |
|
0.220 |
4.449 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.094 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
82.447 |
131.690 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
270.490 |
176.272 |
|
(b)
Trade payables |
|
267.138 |
183.886 |
|
(c)
Other current liabilities |
|
61.909 |
57.889 |
|
(d) Short-term
provisions |
|
19.382 |
8.932 |
|
Total Current
Liabilities (4) |
|
618.919 |
426.979 |
|
|
|
|
|
|
TOTAL |
|
945.942 |
708.369 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
137.344 |
171.001 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
26.889 |
10.672 |
|
(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 |
|
1.417 |
1.420 |
|
(e) Other
Non-current assets |
|
2.780 |
1.135 |
|
Total Non-Current
Assets |
|
168.430 |
184.228 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
41.864 |
61.709 |
|
(c)
Trade receivables |
|
623.817 |
407.265 |
|
(d) Cash
and cash equivalents |
|
80.743 |
29.754 |
|
(e)
Short-term loans and advances |
|
19.175 |
19.314 |
|
(f)
Other current assets |
|
11.913 |
6.099 |
|
Total
Current Assets |
|
777.512 |
524.141 |
|
|
|
|
|
|
TOTAL |
|
945.942 |
708.369 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2.397 |
|
|
2] Share Application Money |
|
|
10.000 |
|
|
3] Reserves & Surplus |
|
|
105.127 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
117.524 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
217.736 |
|
|
2] Unsecured Loans |
|
|
40.583 |
|
|
TOTAL BORROWING |
|
|
258.319 |
|
|
DEFERRED TAX LIABILITIES |
|
|
3.662 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
379.505 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
139.571 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
20.605 |
|
|
Sundry Debtors |
|
|
266.333 |
|
|
Cash & Bank Balances |
|
|
9.061 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
45.993 |
|
Total
Current Assets |
|
|
341.992 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
66.772 |
|
|
Other Current Liabilities |
|
|
31.619 |
|
|
Provisions |
|
|
3.676 |
|
Total
Current Liabilities |
|
|
102.067 |
|
|
Net Current Assets |
|
|
239.925 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.009 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
379.505 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
3268.354 |
2043.469 |
1072.299 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
3245.946 |
2022.237 |
1060.547 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
22.408 |
21.232 |
11.752 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
8.119 |
9.056 |
4.054 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
14.289 |
12.176 |
7.698 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.73 |
55.61 |
31.93 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
3550.000 |
The above information has been parted by Mr. Jagdish Patel.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.44
|
0.60 |
0.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.44
|
3.04 |
2.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.14 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.44
|
2.03 |
2.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26
|
1.23 |
3.35 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITY
OF LONG TERM BORROWINGS DETAIL:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
|
|
|
|
|
Current Maturity
of Long Term Borrowings |
59.556 |
57.392 |
NA |
|
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 |
Yes |
|
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 LOANS
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Short Term Borrowings
|
|
|
|
Loans and advances from others |
33.733 |
28.589 |
|
|
|
|
|
Total |
33.733 |
28.589 |
OPERATIONS
During the year,
the performance of the company is outstanding. The net profit of the company after
taxation has increased to Rs.14.289 Millions as compared to Rs.12.176 Millions
in the previous year. While the turnover of the Company has increased by more
than One billion i.e Rs.3268.354 Millions as compared to Rs.2043.469 Millions
in the previous year. The Directors are striving hard by making more sincere
efforts for better growth and prospects of the Company in future and to yield
better returns for the members of the company.
BUSINESS
ACTIVITIES
The Company is formed
with the main object to do the business of Carriers/transporters, dealing in
Papers, Board, M.G. Craft Paper, Waste Paper, Craft Paper, Writing Papers and
all other Papers and Dealing in Coal and Lignite, etc. etc.
For this purpose
the company has three Divisions Transport Divisions, Trade Division and Coal
division. The Company has carried on transportation business in the name of
Maheshwari Logistics and the business of trading in Coal, Kraft Paper, Lignite
in the name of Maheshwari Trades" and during the year company has started
"Coal Division" for the purpose of trading in coal.
CONTINGENT
LIABILITY
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
|
|
|
|
Bills Discounted |
27.431 |
11.394 |
|
Bank Guarantees |
3.000 |
2.500 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10321412 |
12/11/2012 * |
564,200,000.00 |
STATE BANK OF
INDIA |
MID CORPORATE
BRANCH, VAPI, GUJARAT - 396195, INDIA |
B63697924 |
|
2 |
10319775 |
20/04/2011 |
1,250,000.00 |
STATE BANK OF
INDIA |
SPECIALSED
COMMERCIAL BRANCH, VIA HOUSE, GROUND FLOOR, VIA CHAR RASTA, GIDC, VAPI,
GUJARAT – 396195, INDIA |
B16284671 |
|
3 |
10284199 |
25/08/2011 * |
390,500,000.00 |
STATE BANK OF
INDIA |
MID CORPORATE
BRANCH, GROUND FLOOR VIA HOUSE, G.I D.C., VAPI, GUJARAT - 396195, INDIA |
B32487266 |
|
4 |
10283877 |
12/11/2012 * |
564,200,000.00 |
STATE BANK OF
INDIA |
MID CORPORATE BRANCH,,
GROUND FLOOR VIA HOUSE, G.I.D.C., VAPI, GUJARAT - 396195, INDIA |
B63697098 |
|
5 |
10319774 |
28/02/2011 |
1,100,000.00 |
STATE BANK OF
INDIA |
SPECIALSED
COMMERCIAL BRANCH, VIA HOUSE, GROUND FLOOR, VIA CHAR RASTA, GIDC, VAPI, GUJARAT
- 396195, INDIA |
B17099466 |
|
6 |
10229629 |
02/06/2010 |
90,400,000.00 |
STATE BANK OF
INDIA |
SPECIALISED
COMMERCIAL BRANCH, VAPI, VAPI, GUJARAT - 396195, INDIA |
A90074113 |
|
7 |
10162308 |
01/06/2009 |
100,000,000.00 |
STATE BANK OF
INDIA |
SPECIALISED
COMMERCIAL BRANCH, VAPI, VAPI, GUJARAT - 396195, INDIA |
A63990683 |
|
8 |
10071236 |
27/09/2007 |
12,600,000.00 |
PUNJAB NATIONAL
BANK |
GIDC BRANCH,
VAPI, GUJARAT - 396195, INDIA |
A25056276 |
FIXED ASSETS:
· Land
· Building
· Factory Equipments
· Plant Equipments
· Furniture and Fixtures
· Vehicles
· Motor Vehicles
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.59.45 |
|
|
1 |
Rs.91.24 |
|
Euro |
1 |
Rs.78.44 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
45 |
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.