MIRA
INFORM REPORT
|
Report Date : |
27.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
SIMFA LABS PRIVATE LIMITED VETLINE (A DIVISION OF SIMFA LABS PRIVATE LIMITED) |
|
|
|
|
Registered
Office : |
1-B, Vikas Rekha Complex, Khantiwala Tank, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
14.10.1999 |
|
|
|
|
Com. Reg. No.: |
10-013791 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 4.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24232MP1999PTC013791 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BPLS03591A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Trader and Importer of Animal Health Products |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 85000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. The company has seen a better growth in its sales turnover as well as
net profitability during 2012. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. The company can be considered normal for 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.
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. Dilraj |
|
Designation : |
Director |
|
Contact No.: |
91-9301387000 |
|
Date : |
20.07.2013 |
LOCATIONS
|
Registered Office : |
1-B, Vikas Rekha Complex, Khantiwala Tank, Indore 452001, Madhya
Pradesh, India |
|
Tel. No.: |
91-731-2477100 / 4255900 |
|
Mobile No.: |
91-9301387000 (Mr. Dilraj) |
|
Fax No.: |
91-731-4255949 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Pitampur Industrial Area, Dhar District, India |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Harpal Singh Bhatia |
|
Designation : |
Director |
|
Address : |
9-A, Prem Nagar, Manik Bagh Road, Indore-452004, Madhya Pradesh, India
|
|
Date of Birth/Age : |
01.12.1977 |
|
Date of Appointment : |
14.10.1999 |
|
DIN No.: |
00401626 |
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 |
U15331MP1996PTC010883
|
SIMRAN FEEDS
PRIVATE LIMITED |
Director |
18/11/1997 |
18/11/1997 |
Active |
NO |
|
2 |
U24232MP1999PTC013791
|
SIMFA LABS
PRIVATE LIMITED |
Director |
14/10/1999 |
14/10/1999 |
Active |
NO |
|
3 |
U01212MP1998PTC012763
|
SIMRAN FOODS
PRIVATE LIMITED |
Director |
30/09/2009 |
20/10/2008 |
Active |
NO |
|
4 |
U15549GJ1993PTC019891
|
ADIWASI
DISTILLERIES PRIVATE LIMITED |
Director |
24/10/2012 |
24/10/2012 |
Active |
NO |
|
5 |
U13100MP2012PTC029553
|
SIMRAN MINERALS
& ORES PRIVATE LIMITED |
Director |
19/11/2012 |
19/11/2012 |
Active |
NO |
|
6 |
U15400MP2012PTC029595
|
SIMRAN CUISINE
PRIVATE LIMITED |
Director |
29/11/2012 |
29/11/2012 |
Active |
NO |
|
7 |
U05001MP2013PTC029947
|
SIMRAN FISHERIES
PRIVATE LIMITED |
Director |
18/01/2013 |
18/01/2013 |
Active |
NO |
|
Name : |
Mr. Sumeet Singh Bhatia |
|
Designation : |
Whole Time Director |
|
Address : |
15, Pratap Nagar, Manik Bagh Road, Indore-452004, Madhya Pradesh,
India |
|
Date of Birth/Age : |
17.03.1979 |
|
Date of Appointment : |
30.09.2002 |
|
DIN No.: |
00401775 |
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 |
U24232MP1999PTC013791
|
SIMFA LABS
PRIVATE LIMITED |
Whole-time
director |
30/09/2002 |
30/09/2002 |
Active |
NO |
|
2 |
U24110MP2009PTC021867
|
SIMFA BIO
SOLUTIONS PRIVATE LIMITED |
Director |
01/05/2009 |
01/05/2009 |
Active |
NO |
|
3 |
U70100MP2010PTC023264
|
BTC
CONSTRUCTIONS (INDIA) PRIVATE LIMITED |
Director |
23/03/2010 |
23/03/2010 |
Active |
NO |
|
4 |
U70100MP2011PTC025368
|
DSB COLONIESERS
PRIVATE LIMITED |
Director |
10/02/2011 |
10/02/2011 |
Active |
NO |
|
5 |
U01212MP1998PTC012763
|
SIMRAN FOODS
PRIVATE LIMITED |
Director |
26/09/2011 |
25/02/2011 |
Active |
NO |
|
6 |
U70101MP2011PTC026000
|
HIMGIRI DEVCON
PRIVATE LIMITED |
Additional
director |
01/03/2013 |
01/03/2013 |
Active |
NO |
|
7 |
U70101MP2011PTC025735
|
VINDHYACHAL
RESIDENCY PRIVATE LIMITED |
Additional
director |
01/03/2013 |
01/03/2013 |
Active |
NO |
|
8 |
U70100MP2011PTC025734
|
SATPURA BUILDCON
PRIVATE LIMITED |
Additional
director |
01/03/2013 |
01/03/2013 |
Active |
NO |
|
9 |
U70101MP2011PTC026002
|
SAPTAGIRI
INFRABUILD PRIVATE LIMITED |
Additional
director |
01/03/2013 |
01/03/2013 |
Active |
NO |
|
10 |
U70101MP2011PTC025999
|
NEELGIRI DEVCON
PRIVATE LIMITED |
Additional
director |
01/03/2013 |
01/03/2013 |
Active |
NO |
|
11 |
U70101MP2011PTC025994
|
DHAWALGIRI
DEVCON PRIVATE LIMITED |
Additional
director |
01/03/2013 |
01/03/2013 |
Active |
NO |
|
12 |
U70100MP2011PTC025736
|
ARAVALI DEVCON PRIVATE
LIMITED |
Additional
director |
01/03/2013 |
01/03/2013 |
Active |
NO |
|
Name : |
Mr. Dilraj Singh Bhatia |
|
Designation : |
Director |
|
Address : |
19-A, Prem Nagar, Manik Bagh Road, Indore-452004, Madhya Pradesh,
India |
|
Date of Birth/Age : |
29.07.1982 |
|
Date of Appointment : |
30.07.2006 |
|
DIN No.: |
00646112 |
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 |
U24232MP1999PTC013791
|
SIMFA LABS
PRIVATE LIMITED |
Director |
30/07/2006 |
30/07/2006 |
Active |
NO |
|
2 |
U24110MP2009PTC021867
|
SIMFA BIO
SOLUTIONS PRIVATE LIMITED |
Director |
01/05/2009 |
01/05/2009 |
Active |
NO |
|
3 |
U70100MP2011PTC025368
|
DSB COLONIESERS
PRIVATE LIMITED |
Director |
10/02/2011 |
10/02/2011 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
No. of Shares |
|
Sumeet Singh Bhatia |
147090 |
|
Harender Singh Bhatia |
72300 |
|
Harender Singh Bhatia HUF |
19500 |
|
Gurdeep Singh Bhatia |
5000 |
|
Harbhajan Singh Khanuja |
30000 |
|
Dilraj Singh Bhatia |
76110 |
|
Convenient Housing Finance Limited, India |
30000 |
|
Glacity Developers Private Limited, India |
20000 |
|
TOTAL
|
400000 |
AS ON 28.09.2012
|
Equity Shares Break
Up |
Percentage of
Holding |
|
Bodies corporate |
12.50 |
|
Directors or relatives of Directors |
87.50 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader and Importer of Animal Health Products |
|
|
|
|
Products : |
·
Mineral Mixture ·
Vitamin Pre-mixes ·
Electrolytes ·
Feed Additives ·
Enzymes ·
Anti Fungal |
|
|
|
|
Exports : |
|
|
Countries : |
·
Nepal ·
Bangladesh |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
China ·
Thailand ·
Indonesia |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash, Credit (30 Days) |
|
|
|
|
Purchasing : |
L/C, Cash, Credit (30 Days) |
GENERAL INFORMATION
|
Customers : |
·
Wholesalers ·
Retailers ·
End Users ·
OEM’s |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
50 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
·
Central Bank of India, Corporate Finance Branch,
Palika Plaza, Siyaganj Branch, Indore-452001, Madhya Pradesh, India ·
Yes Bank Limited, 9th Floor, Nehru Centre,
Discovery of India, Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra,
India ·
Indusind Bank, Indore ·
ICICI Bank Limited ·
State Bank of India ·
State Bank of Indore ·
HSBC Bank Limited |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jagdish Chandra Baheti Chartered Accountant |
|
Address : |
307, Manas Bhavan, 3rd Floor, 11, R N T Marg, |
|
Mobile No.: |
91-9826011947 |
|
E-Mail : |
|
|
PAN No.: |
AEMPB0582Q |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
Rs.10/- each |
Rs. 4.000
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 |
|
4.000 |
4.000 |
|
(b) Reserves & Surplus |
|
15.423 |
11.393 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
2.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
21.423 |
15.393 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
2.930 |
2.585 |
|
(b) Deferred tax liabilities (Net) |
|
0.405 |
0.394 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
3.335 |
2.979 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
10.151 |
2.797 |
|
(b) Trade payables |
|
54.231 |
36.676 |
|
(c) Other current
liabilities |
|
0.945 |
0.464 |
|
(d) Short-term provisions |
|
1.188 |
1.008 |
|
Total Current Liabilities (4) |
|
66.515 |
40.945 |
|
|
|
|
|
|
TOTAL |
|
91.273 |
59.317 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
4.831 |
4.846 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
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 |
|
1.794 |
1.772 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
6.625 |
6.618 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
15.163 |
16.376 |
|
(c) Trade receivables |
|
67.948 |
34.099 |
|
(d) Cash and cash
equivalents |
|
0.851 |
1.614 |
|
(e) Short-term loans and
advances |
|
0.686 |
0.610 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
84.648 |
52.699 |
|
|
|
|
|
|
TOTAL |
|
91.273 |
59.317 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
3.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
6.616 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
10.116 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
9.805 |
|
|
2] Unsecured Loans |
|
|
1.177 |
|
|
TOTAL BORROWING |
|
|
10.982 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.386 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
21.484 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
4.971 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
8.491 |
|
|
Sundry Debtors |
|
|
36.620 |
|
|
Cash & Bank Balances |
|
|
0.881 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
1.705 |
|
Total
Current Assets |
|
|
47.697 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
29.713 |
|
|
Other Current Liabilities |
|
|
0.562 |
|
|
Provisions |
|
|
0.909 |
|
Total
Current Liabilities |
|
|
31.184 |
|
|
Net Current Assets |
|
|
16.513 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
21.484 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
292.988 |
214.343 |
170.212 |
|
|
|
Other Income |
0.397 |
0.046 |
|
|
|
|
TOTAL |
293.385 |
214.389 |
170.212 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
287.016 |
208.539 |
164.536 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
6.369 |
5.850 |
5.676 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.340 |
0.314 |
0.244 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
6.029 |
5.536 |
5.432 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.999 |
1.758 |
1.846 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
4.030 |
3.778 |
3.586 |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
103.244 |
115.259 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.08 |
-- |
- |
|
%20-%20229642%2027-Jul-2013_files/image001.gif){kind=small}
%20-%20229642%2027-Jul-2013_files/image002.gif){kind=small}
%20-%20229642%2027-Jul-2013_files/image003.gif){kind=small}
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
300.000 |
|
|
|
|
|
Expected Sales (2013-2014) : Rs. 350.000 Millions
The above information has been parted by Mr. Dilraj.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.37
|
1.76 |
2.11 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.06
|
2.58 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.61
|
9.33 |
10.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28
|
0.36 |
0.54 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.61
|
0.35 |
1.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.27
|
1.29 |
1.53 |
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Long Term
Borrowings |
|
|
|
Chayan Graphics |
0.500 |
0.500 |
|
Gunjanpreet Kaur Bhatia |
0.207 |
0.162 |
|
Mulchand Shrilal Saini |
0.600 |
0.600 |
|
Mahendra Kaur |
0.325 |
0.325 |
|
Ranjit Singh Jagatsingh |
0.700 |
0.700 |
|
Simrat Kaur Bhatia |
0.598 |
0.298 |
|
|
|
|
|
TOTAL |
2.930 |
2.585 |
VIEW
INDEX OF CHARGES
|
S.
No. |
Charge
ID |
Date
of Charge Creation/Modification |
Charge
amount secured |
Charge
Holder |
Address
|
Service
Request Number (SRN) |
|
1 |
10389482
|
16/10/2012
|
40,000,000.00
|
YES
BANK LIMITED |
9TH FLOOR, NEHRU CENTRE,
DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, Maharashtra - 400018,
INDIA |
B63147664
|
|
2 |
10350823
|
02/03/2012
|
40,000,000.00
|
YES
BANK LIMITED |
9TH FLOOR, NEHRU CENTRE,
DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, Maharashtra
-400018, INDIA |
B37892924
|
FIXED ASSETS
·
Land
·
Building Factory
·
Plant and Machinery
·
Computer Equipment
·
Office Equipment
·
Motor Car
·
Building (Pithampur)
·
Furniture and Fixtures
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. 90.67 |
|
Euro |
1 |
Rs. 78.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
DPT |
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 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.