MIRA INFORM REPORT
|
Report Date : |
29.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHRO SYSTEMS PRIVATE LIMITED |
|
|
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Registered
Office : |
Shrinath 1184/4, Dyneshwar Paduka Chowk, F C Road, Shivaji Nagar, Pune
– 411005, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
03.03.2000 |
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Com. Reg. No.: |
25-014446 |
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Capital
Investment / Paid-up Capital : |
Rs.0.300 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U72200PN2000PTC014446 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNES09451B |
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|
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PAN No.: [Permanent Account No.] |
AAGCS0761F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Dealer and Distributor of Company Peripherals. |
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No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 400000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a satisfactory track record.
There appears slight dip in sales and profitability during 2012. However, general financial position is good. Trade relations are reported to be fair.
Business is active. Payments are reported to be usually correct and as per
commitment. The company can be considered 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.
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. Vipul Bhalerao |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9822713003 |
|
Date : |
29.07.2013 |
LOCATIONS
|
Registered Office : |
Shrinath 1184/4, Dyneshwar Paduka Chowk, F C Road, Shivaji Nagar, Pune
– 411005, Maharashtra, India |
|
Tel. No.: |
91-20-25532244/ 25531863/ 25530708/ 41084444/ 30225051 |
|
Mobile No.: |
91-9822713003 (Mr. Vipul Bhalerao) |
|
Fax No.: |
91-20-25532244/ 25530708 |
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E-Mail : |
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|
Website : |
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Area : |
1650 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Godown 1/ Warehouse: |
Sn.121/1/2, Ram Chandra Kale Nagar, Khandvenagar, Pune Nagar Road,
Lohagaon, Vagoli, Pune Maharashtra, India |
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Branch Office : |
Located at:
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Corporate Headquarters
: |
Located at: · Pune |
DIRECTORS
(AS ON 28.09.2012)
|
Name : |
Mr. Vijay Vishnu Shrotriya |
|
Designation : |
Whole Time Director |
|
Address : |
A4, 19 Tridal Nagar, Yerawada, Pune – 411 006, |
|
Date of Birth/Age : |
07.09.1943 |
|
Date of Appointment : |
03.03.2000 |
|
DIN No.: |
00428112 |
|
|
|
|
Name : |
Mr. Anirudh Vijay Shrotriya |
|
Designation : |
Whole Time Director |
|
Address : |
A4, 19 Tridal Nagar, Yerawada, Pune – 411 006, |
|
Date of Birth/Age : |
08.09.1974 |
|
Date of Appointment : |
03.03.2000 |
|
DIN No.: |
00428257 |
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|
|
|
Name : |
Mrs. Vasudha Anirudh Shrotriya |
|
Designation : |
Whole Time Director |
|
Address : |
A4, 19 Tridal Nagar, Yerawada, Pune – 411 006, |
|
Date of Birth/Age : |
10.05.1973 |
|
Date of Appointment : |
03.03.2000 |
|
DIN No.: |
00428296 |
|
|
|
|
Name : |
Mrs. Jayashri Vijay Shrotriya |
|
Designation : |
Whole Time Director |
|
Address : |
A4, 19 Tridal Nagar, Yerawada, Pune – 411 006, |
|
Date of Birth/Age : |
03.05.1951 |
|
Date of Appointment : |
03.03.2000 |
|
DIN No.: |
00428338 |
KEY EXECUTIVES
|
Name : |
Mr. Vipul Bhalerao |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 28.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Anirudh Vijay Shrotriya |
|
7510 |
|
Vasudha Anirudh Shrotriya |
|
7510 |
|
Vijay Vishnu Shrotriya |
|
7510 |
|
Jayashri Vijay Shrotriya |
|
7510 |
|
|
|
|
|
TOTAL |
|
30040 |
(AS ON 29.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer and Distributor of Company Peripherals. |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users and Corporate · Veritas Software –Symantec · Symphony Software · Hsbc Software – Glt · Tech Mahindra · Otis – Software Division · Exl – Ntrance · Bajaj Allianz / Bajaj Auto Finance Limited · Options One Mortgage · Hamiltion Design · Symbiosis Group of Colleges · Prinicipal Global · TATA Group of Companies · Bajaj Auto Limited · Jabil Circuits Group · Thermax Limited · Kirloskar Brothers Limited · Idea Cellular Limited · Amdocs Development Centre |
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No. of Employees : |
70 (Approximately) |
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Bankers : |
Union Bank of India, Nath Plaza Complex, Dyaneshwar Paduka Chowk, F C Road Branch, Pune – 411005, Maharashtra, India Tel. No.: 91-20-25531169 |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
J N. Sovania and Company Chartered Accountants |
|
Address : |
8, Shri Alok Society, 216, Sadashiv Peth, Near Dandekar Bridge, Pune-
411030, Maharashtra, India. |
|
Tel. No.: |
91-20-24332385 |
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Fax No.: |
91-20-24332385 |
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PAN No.: |
ADWPS9211J |
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E-Mail : |
CAPITAL STRUCTURE
(AS ON 31.03.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30040 |
Equity Shares |
Rs.10/- each |
Rs.0.300
Million |
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|
|
|
|
Reconciliation of number of
shares
|
Equity Shares: |
No. of
Shares |
(Rs. In
Millions) |
|
Balance as at the beginning of the year |
30040 |
0.300 |
|
Add: Shares issued during the year-ESOP |
-- |
-- |
|
Add: Shares issued during the year -Bonus issue |
-- |
-- |
|
Balance as at the end of the
year |
30040 |
0.300 |
Rights, Preferences and restrictions attached to shares
Equity
Shares: The company has one class of equity shares having a par value of Rs.10
per share. Each shareholder is eligible for one vote per share held. The
dividend proposed by the Board of Directors is subject to the approval of the
shareholders in the ensuing Annual General Meeting, except in case of interim
dividend. In the event of liquidation, the equity shareholders are eligible to
receive the remaining assets of the Company after distribution of all
preferential amounts, in proportion to their shareholding.
Details of shares held by shareholders holding more than 5% of the aggregate shares in the
company
|
Equity shares: |
31-Mar-2012 |
|
|
No of Shares |
Percentage |
|
|
|
|
|
|
Mr. Anirudh Vijay Shrotriya |
7510 |
25% |
|
Mrs. Jayshree Vijay Shrotriya |
7510 |
25% |
|
Mrs. Vasudha Anirudh Shrotriya |
7510 |
25% |
|
Mr. Vijay Vishnu Shrotriya |
7510 |
25% |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
0.300 |
0.300 |
|
(b) Reserves & Surplus |
|
98.163 |
70.263 |
|
(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) |
|
98.463 |
70.563 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.360 |
0.260 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.283 |
|
Total Non-current
Liabilities (3) |
|
0.360 |
0.543 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
|
12.784 |
9.312 |
|
(b) Trade payables |
|
6.547 |
5.696 |
|
(c) Other current liabilities |
|
5.312 |
4.383 |
|
(d) Short-term provisions |
|
13.899 |
9.883 |
|
Total Current Liabilities
(4) |
|
38.542 |
29.274 |
|
|
|
|
|
|
TOTAL |
|
137.365 |
100.380 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
9.295 |
8.272 |
|
(ii) Intangible Assets |
|
0.102 |
0.146 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
1.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.031 |
0.021 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
10.428 |
8.439 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
10.725 |
6.155 |
|
(c) Trade receivables |
|
41.872 |
45.765 |
|
(d) Cash and cash equivalents |
|
57.637 |
26.368 |
|
(e) Short-term loans and advances |
|
14.030 |
10.073 |
|
(f) Other current assets |
|
2.673 |
3.580 |
|
Total Current
Assets |
|
126.937 |
91.941 |
|
|
|
|
|
|
TOTAL |
|
137.365 |
100.380 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.300 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
50.704 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
51.004 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
1.017 |
|
|
2] Unsecured Loans |
|
|
3.590 |
|
|
TOTAL BORROWING |
|
|
4.607 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.164 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
55.775 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
8.448 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
6.343
|
|
|
Sundry Debtors |
|
|
27.611
|
|
|
Cash & Bank Balances |
|
|
17.134
|
|
|
Other Current Assets |
|
|
3.807
|
|
|
Loans & Advances |
|
|
8.457
|
|
Total
Current Assets |
|
|
63.352 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
4.337
|
|
|
Other Current Liabilities |
|
|
3.998
|
|
|
Provisions |
|
|
7.690
|
|
Total
Current Liabilities |
|
|
16.025
|
|
|
Net Current Assets |
|
|
47.327
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
55.775 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL (A) |
292.045 |
255.868 |
199.987 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
|
|
176.379 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(Including
Financial Expenses) |
(Including
Financial Expenses) |
23.608 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
0.622 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
43.695 |
31.014 |
22.986 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.796 |
1.477 |
1.529 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
41.899 |
29.537 |
21.457 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
28.100 |
9.979 |
7.236 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
13.799 |
19.558 |
14.221 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
27.900 |
19.558 |
14.221 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
16.557 |
14.915 |
5.657 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
459.35 |
651.07 |
473.40 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
300.000 |
|
|
|
|
|
The above information has been parted by Mr. Vipul Bhalerao
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.72
|
7.64 |
7.11
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
30.73
|
29.42 |
29.88
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.43
|
0.42 |
0.42
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.13
|
0.13 |
0.09
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.29
|
3.14 |
3.95
|
LOCAL AGENCY FURTHER INFORMATION
CURRENT
MATURITIES OF LONG-TERM DEBT DETAILS – NOT AVAILABLE
|
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 four 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 |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
TURNOVER
The company has achieved a turnover of Rs.292.045
Millions as against last year’s turnover of Rs.255.868 Millions. The company
hopes to achieve a sizable turnover as well as profit in the year to come.
UNSECURED LOANS
(Rs.
In Millions)
|
Particular |
31.03.2012 |
31.03.2011 |
|
Short Term
Borrowings |
|
|
|
Loan from Directors |
|
|
|
Loan from Anirudha Shrotriya |
0.252 |
0.397 |
|
Loan from Jayashree Shrotriya |
1.133 |
1.133 |
|
Loan from Vasudha Shrotriya |
0.007 |
0.503 |
|
Loan from WG Cdr V.V. Shrotriya |
1.434 |
1.465 |
|
|
|
|
|
Total |
2.826 |
3.498 |
FIXED ASSETS:
·
Office Premises
·
Hardware/ Computers
·
Furniture
·
Office Equipments
·
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.58.91 |
|
|
1 |
Rs.90.68 |
|
Euro |
1 |
Rs.78.22 |
INFORMATION DETAILS
|
Information Gathered
by : |
PLK |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--RPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
48 |
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.