MIRA
INFORM REPORT
|
Report Date : |
27.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
UJALA POWER SYSTEMS PRIVATE LIMITED |
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Registered
Office : |
20-A, KH No-30/1, Gali No-6, Master Mohalla, Village Libaspur, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
04.11.2011 |
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Com. Reg. No.: |
55-227060 |
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Capital Investment
/ Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U31500DL2011PTC227060 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Automotive Batteries, Invertors and UPS Batteries and Solar Batteries, etc. |
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No. of Employees
: |
35 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (18) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject was started as a proprietary concern in the year 2009 and
later in the year 2012 it got converted in to private limited company. It is having a moderate track record. Trade relations are reported to
be fair. Business is active. Payments are unknown. The company can be considered for business dealings on a safe and
secured trade terms and condition. |
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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 (GENERAL DETAILS)
|
Name : |
Mr. Satyendra Kumar |
|
Designation : |
Director |
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Contact No.: |
91-9313497540 |
|
Date : |
23.07.2013 |
LOCATIONS
|
Registered Office/ Factory : |
20-A, KH No-30/1, Gali No-6, Master Mohalla, Village Libaspur, Delhi –
110092, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9313497540 (Mr. Satyendra Kumar) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Area : |
2500 Sq. ft. |
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Location : |
Owned |
DIRECTORS
As on: 28.12.2012
|
Name : |
Mr. Devendra Sharma |
|
Designation : |
Director |
|
Address : |
BG-135, Sanjay Gandhi TPT Nagar, New Delhi - 110042, India |
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Date of Birth/Age : |
10.01.1979 |
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Date of Appointment : |
04.11.2011 |
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DIN No.: |
03642604 |
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Name : |
Mr. Satyendra Kumar |
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Designation : |
Director |
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Address : |
Truepower International Limited, BG 135, Sanjay Gandhi Transport Nagar, New Delhi - 110042, India |
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Date of Birth/Age : |
30.01.1972 |
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Date of Appointment : |
04.11.2011 |
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DIN No.: |
03642929 |
MAJOR SHAREHOLDERS
As on: 28.12.2012
|
Names of Shareholders |
|
No. of Shares |
|
Devendra Sharma |
|
5000 |
|
Satyendra Kumar |
|
5000 |
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Total |
|
10000 |
Equity Share Break up (Percentage of Total Equity)
As on: 28.12.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Automotive Batteries, Invertors and UPS Batteries and Solar Batteries, etc. |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Cash |
GENERAL INFORMATION
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Customers : |
Others |
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No. of Employees : |
35 (Approximately) |
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Bankers : |
ICICI Bank Limited |
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Banking
Relations : |
-- |
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Auditor 1 : |
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Name : |
Mr. Joshi Chartered Accountant |
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Auditor 2 : |
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Name : |
G. Rawat and Company Chartered Accountants |
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Address : |
H-39/2, DLF City, Phase-1, Gurgaon - 122002, Haryana, India |
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PAN No.: |
AETPR8277F |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
|
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|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
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|
|
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
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|
0.100 |
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(b) Reserves & Surplus |
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|
0.000 |
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(c) Money
received against share warrants |
|
|
0.000 |
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(2) Share Application money pending allotment |
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|
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
|
|
0.100 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
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|
0.000 |
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(b) Deferred tax liabilities (Net) |
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|
0.000 |
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(c) Other long term liabilities |
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|
0.000 |
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(d) long-term provisions |
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|
0.000 |
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Total Non-current Liabilities (3) |
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|
0.000 |
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(4) Current Liabilities |
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(a) Short term
borrowings |
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|
0.000 |
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(b) Trade payables |
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|
0.000 |
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(c) Other current
liabilities |
|
|
0.000 |
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(d) Short-term provisions |
|
|
0.046 |
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Total Current Liabilities (4) |
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|
0.046 |
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|
|
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TOTAL |
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|
0.146 |
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II. ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
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|
0.000 |
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(ii) Intangible Assets |
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|
0.000 |
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(iii) Capital
work-in-progress |
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|
0.000 |
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(iv)
Intangible assets under development |
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|
0.000 |
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(b) Non-current Investments |
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|
0.000 |
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(c) Deferred tax assets (net) |
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|
0.000 |
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(d) Long-term Loan and Advances |
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|
0.000 |
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(e) Other Non-current assets |
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|
0.115 |
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Total Non-Current Assets |
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|
0.115 |
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(2) Current assets |
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(a) Current investments |
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|
0.000 |
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(b) Inventories |
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|
0.000 |
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(c) Trade receivables |
|
|
0.000 |
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(d) Cash and cash
equivalents |
|
|
0.031 |
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(e) Short-term loans
and advances |
|
|
0.000 |
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(f) Other current
assets |
|
|
0.000 |
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Total Current Assets |
|
|
0.031 |
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|
|
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TOTAL |
|
|
0.146 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2012 |
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SALES |
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Income |
|
|
0.000 |
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Other Income |
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|
0.000 |
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TOTAL |
|
|
0.000 |
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|
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Less |
EXPENSES |
|
|
|
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Office Expenses |
|
|
0.115 |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
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|
0.115 |
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PROFIT BEFORE
TAX |
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(0.115) |
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Less |
TAX |
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|
0.000 |
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PROFIT AFTER TAX
|
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(0.115) |
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Earnings Per
Share (Rs.) |
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(11.50) |
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KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2012 |
|
PAT / Total Income |
(%) |
|
|
0.00 |
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Net Profit Margin (PBT/Sales) |
(%) |
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|
0.00 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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(78.77) |
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Return on Investment (ROI) (PBT/Networth) |
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(1.15) |
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Debt Equity Ratio (Total Debt /Networth) |
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|
0.00 |
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Current Ratio (Current Asset/Current Liability) |
|
|
|
0.67 |
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 one year |
Yes |
|
12] |
Profitability for last one year |
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 |
No |
|
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 |
OPERATIONAL RESULTS
During the period the company has net LOSS of Rs. 0.115 Millions.
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY.
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.58.91 |
|
|
1 |
Rs.90.68 |
|
Euro |
1 |
Rs.78.22 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
18 |
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.