MIRA
INFORM REPORT
|
Report Date : |
06.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
SUMINTER INDIA ORGANICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
22.04.2004 |
|
|
|
|
Com. Reg. No.: |
11-145857 |
|
|
|
|
Capital Investment/
Paid-up Capital: |
Rs.14.056 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51220MH2004PTC145857 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is engaged in procurement, processing, sales and
distribution of agricultural commodities. |
|
|
|
|
No. of
Employees: |
Not Available |
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 1700000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business at usual 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
BB+ (Long Term Fund Based Limits) |
|
Rating Explanation |
Moderate risk of default |
|
Date |
03.01.2012 |
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.
LOCATIONS
|
Registered Office : |
|
|
Tel. No.: |
91-22-26743685 |
|
Fax No.: |
91-22-26744903 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
X Cube, 3rd Floor, |
|
Tel. No.: |
91-22-42029000 |
|
Fax No.: |
91-22-26744903 |
|
E-Mail : |
DIRECTORS
AS ON 20.12.2012
|
Name : |
Mr. Sameer Vijaykumar Mehra |
|
Designation : |
Director |
|
Address : |
127, Rohal Kutir, Gulmohar X Road, 10, JVPD Scheme Juhu, Vile Parle
(West), Mumbai – 400 049, Maharashtra, India |
|
Date of Birth/Age : |
13.10.1974 |
|
Date of Appointment : |
22.04.2004 |
|
PAN No.: |
AAHPM3778J |
|
DIN No.: |
00162245 |
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 |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U51220MH2004PTC145857 |
SUMINTER
INDIA ORGANICS PRIVATE LIMITED |
Director |
22/04/2004 |
22/04/2004 |
- |
Active |
NO |
|
2 |
U74999MP2005PTC028846 |
BERGWERFF
ORGANIC INDIA PRIVATE LIMITED |
Nominee
director |
26/11/2005 |
26/11/2005 |
- |
Active |
NO |
|
3 |
U51909DL2005PTC134336 |
BERGWERFF
INDIA MARKETING PRIVATE LIMITED |
Nominee
director |
16/05/2006 |
16/05/2006 |
- |
Strike
off |
NO |
|
4 |
U91110MH1999NPL122117 |
ENTREPRENEURS'
ORGANIZATION MUMBAI |
Director |
01/07/2008 |
01/07/2008 |
01/07/2009 |
Active |
NO |
|
Name : |
Mr. Sandeep Shamsunder Sehgal |
|
Designation : |
Director |
|
Address : |
Flat No.16, Konark Express, |
|
Date of Birth/Age : |
21.10.1966 |
|
Date of Appointment : |
04.12.2007 |
|
DIN No.: |
00422796 |
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 |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U73900MH1998PTC116053 |
NETMAGIC
SOLUTIONS PRIVATE LIMITED |
Director |
09/07/2001 |
09/07/2001 |
- |
Active |
NO |
|
2 |
U72300MH2000PTC124984 |
SYSTIME
GLOBAL SOLUTIONS PRIVATE LIMITED |
Director |
27/07/2001 |
27/07/2001 |
01/12/2008 |
Active |
NO |
|
3 |
U72200MH1999PTC123007 |
EVENTURES
INDIA PRIVATE LIMITED |
Director |
27/07/2001 |
27/07/2001 |
- |
Active |
NO |
|
4 |
U74300MH2000PTC126354 |
IGNITEE
DIGITAL SOLUTIONS PRIVATE LIMITED |
Director |
30/11/2011 |
13/08/2001 |
- |
Active |
NO |
|
5 |
U74300MH1999PTC120140 |
CONTESTS2WIN
COM INDIA PRIVATE LIMITED |
Nominee
director |
29/09/2001 |
29/09/2001 |
- |
Active |
NO |
|
6 |
U74140MH2001PTC133168 |
MEDUSIND
SOLUTIONS INDIA PRIVATE LIMITED |
Director |
27/09/2006 |
20/04/2006 |
- |
Active |
NO |
|
7 |
U51395MH2003PTC142173 |
MOBILE2WIN
INDIA PRIVATE LIMITED |
Director |
23/06/2006 |
23/06/2006 |
- |
Active |
NO |
|
8 |
U65999MH2007PTC167234 |
NEXUS
INDIA CAPITAL ADVISORS PRIVATE LIMITED |
Managing
director |
12/08/2008 |
24/01/2007 |
- |
Active |
NO |
|
9 |
U51220MH2004PTC145857 |
SUMINTER
INDIA ORGANICS PRIVATE LIMITED |
Director |
04/12/2007 |
04/12/2007 |
- |
Active |
NO |
|
10 |
U74300MH2005PTC150598 |
MEDIA2WIN
INDIA PRIVATE LIMITED |
Nominee
director |
30/06/2008 |
30/06/2008 |
11/04/2012 |
Active |
NO |
|
11 |
U72200MH2006PTC160596 |
GAMES2WIN
INDIA PRIVATE LIMITED |
Nominee
director |
30/06/2008 |
30/06/2008 |
11/04/2012 |
Active |
NO |
|
12 |
U72200KA2004PTC034432 |
EKA
SOFTWARE SOLUTIONS PRIVATE LIMITED |
Director |
17/03/2009 |
17/03/2009 |
- |
Active |
NO |
|
13 |
U72200AP1996PTC024351 |
DECCAN
HEALTH CARE PRIVATE LIMITED |
Director |
29/09/2009 |
10/07/2009 |
- |
Active |
NO |
|
14 |
U72200KA1999PTC025232 |
MISTRAL
SOLUTIONS PRIVATE LIMITED |
Director |
26/08/2010 |
19/01/2010 |
- |
Active |
NO |
|
15 |
U74999DL2003PTC122939 |
NORTH
END FOODS MARKETING PRIVATE LIMITED |
Director |
19/05/2010 |
19/05/2010 |
- |
Active |
NO |
|
16 |
U93090DL2009PTC193172 |
SOHAN
LAL COMMODITY MANAGEMENT PRIVATE LIMITED |
Director |
19/05/2010 |
19/05/2010 |
- |
Active |
NO |
|
17 |
U41000MH2010FTC208464 |
JALDHARA
TECHNOLOGIES PRIVATE LIMITED |
Director |
30/09/2010 |
30/09/2010 |
- |
Active |
NO |
|
18 |
U29253MH2007PTC172479 |
SEDEMAC
MECHATRONICS PRIVATE LIMITED |
Director |
30/09/2011 |
10/06/2011 |
- |
Active |
NO |
|
19 |
U36109GJ2011PTC063731 |
KRIBHA
HANDICRAFTS PRIVATE LIMITED |
Director |
05/08/2011 |
05/08/2011 |
- |
Active |
NO |
|
20 |
U65993TN1980PTC008184 |
BEE
PEE JAIN FINANCE AND INVESTMENTS PRIVATE LIMITED |
Director |
28/06/2012 |
13/08/2011 |
- |
Active |
NO |
|
21 |
U93000DL2011PTC219498 |
LAPIS
MARKETING SERVICES PRIVATE LIMITED |
Nominee
director |
23/08/2011 |
23/08/2011 |
10/04/2012 |
Active |
NO |
|
Name : |
Mr. Nitin Sehgal |
|
Designation : |
Director |
|
Address : |
303, Stellar Tower, Lokhandwala Complex, Andheri (West), Mumbai,
Maharashtra, India |
|
Date of Birth/Age : |
07.11.1973 |
|
Date of Appointment : |
30.06.2012 |
|
DIN No.: |
05216261 |
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 |
U74990MH2012PTC228122 |
PRIME
COTTON AND SPICES PRIVATE LIMITED |
Director |
14/03/2012 |
14/03/2012 |
Active |
NO |
|
2 |
U74120MH2012PTC228152 |
QUALITY
COTTON AND SPICES PRIVATE LIMITED |
Director |
14/03/2012 |
14/03/2012 |
Active |
NO |
|
3 |
U74999MP2005PTC028846 |
BERGWERFF
ORGANIC INDIA PRIVATE LIMITED |
Additional
director |
30/06/2012 |
30/06/2012 |
Active |
NO |
|
4 |
U51220MH2004PTC145857 |
SUMINTER
INDIA ORGANICS PRIVATE LIMITED |
Director |
20/12/2012 |
30/06/2012 |
Active |
NO |
|
Name : |
Mr. Yiu Bong Alan Chang |
|
Designation : |
Nominee Director |
|
Address : |
609, alger Drive, Palo Alto, California, CA94306 |
|
Date of Birth/Age : |
12.09.1975 |
|
Date of Appointment : |
23.02.2012 |
|
DIN No.: |
05229759 |
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 |
U51220MH2004PTC145857 |
SUMINTER
INDIA ORGANICS PRIVATE LIMITED |
Nominee
director |
20/12/2012 |
23/02/2012 |
Active |
NO |
|
2 |
U72300DL2008PTC173847 |
VAS
DATA SERVICES PRIVATE LIMITED |
Director |
29/09/2012 |
19/03/2012 |
Active |
NO |
|
3 |
U29248TN2012FTC088235 |
SUNPREME
SOLAR INDIA PRIVATE LIMITED |
Director |
26/10/2012 |
26/10/2012 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 20.12.2012
|
Names of Shareholders |
No. of Shares |
|
Equity
Shareholders (Fully Paid) |
|
|
Sameer V. Mehra |
5000 |
|
Padma G. Hingorani |
5000 |
|
Nexus |
100 |
|
TOTAL
|
10100 |
|
Names of Shareholders |
No. of Shares |
|
Equity
Shareholders (Partly Paid Up) |
|
|
Sameer V. Mehra (HUF) |
302500 |
|
Padme G. Hingorani |
345000 |
|
Sameer V. Mehra |
42500 |
|
TOTAL
|
690000 |
|
Names of Preference Shareholders |
No. of Shares |
|
Nexus |
561091 |
|
Pacific Sequoia Holdings |
197244 |
|
The Skoll Foundation, |
45675 |
|
|
39463 |
|
TOTAL
|
843473 |
AS ON 20.12.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
0.02 |
|
Directors or relatives of Directors |
49.99 |
|
Other top fifty shareholders |
49.99 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in procurement, processing, sales and
distribution of agricultural commodities. |
|
|
|
|
Products : |
·
Oil Seeds ·
Cereals ·
Speciality Product ·
Fiber ·
Herbs and Medicinal Plants ·
Species ·
Seasonings ·
Spice Mixes ·
Ready to Eat |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
·
Corporation Bank, 301-302, The Eagle Flight,
Suren Road, Andheri (East), Mumbai – 400 093, Maharashtra, India. |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountant |
|
Address : |
Tower 3, 27th 32nd Floor, Indiabulls Finance Centre,
Elphinstone Mills Compound, Senapati Bapat Marg, Elphistone (West),
Mumbai-400013, Maharashtra, India |
|
PAN No.: |
AADFD2337G |
|
|
|
|
Subsidiaries : |
Bergwerff
Organic India Private Limited CIN No.:-
U74999MP2005PTC028846 |
|
|
|
|
Other Related Parties : |
Anaaya Organics
Private Limited CIN No.:-
U24100MH2010PTC209720 Suminter India
Organics B.V. Suminter Global
FZE Design
Dimensions |
CAPITAL STRUCTURE
AS ON 20.12.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs.10/- each |
Rs. 7.500 Millions |
|
1000000 |
Preference Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
TOTAL |
|
Rs.17.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
700100 |
Equity Shares |
Rs.10/- each |
Rs. 7.001
Millions |
|
843473 |
Preference Shares |
Rs.10/- each |
Rs. 8.435 Millions |
|
|
TOTAL |
|
Rs.15.436 Millions |
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs.10/- each |
Rs. 7.500 Millions |
|
1000000 |
Preference Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
TOTAL |
|
Rs.17.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10100 |
Equity Shares |
Rs.10/- each |
Rs. 0.101
Million |
|
690000 |
Equity Shares |
Rs.8/- each |
Rs. 5.520
Millions |
|
843473 |
Preference Shares |
Rs.10/- each |
Rs. 8.435 Millions |
|
|
TOTAL |
|
Rs.14.056 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
14.056 |
14.056 |
14.056 |
|
|
2] Share Application Money |
0.336 |
0.336 |
0.336 |
|
|
3] Reserves & Surplus |
421.232 |
400.866 |
393.817 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(12.532) |
|
|
NETWORTH |
435.624 |
415.258 |
395.677 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
184.216 |
115.661 |
100.548 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
184.216 |
115.661 |
100.548 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
619.840 |
530.919 |
496.225 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
9.168 |
8.523 |
4.328 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.076 |
|
|
|
|
|
|
|
|
INVESTMENT |
9.595 |
9.595 |
159.265 |
|
|
DEFERREX TAX ASSETS |
0.543 |
0.538 |
0.157 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
150.321
|
203.252
|
182.698 |
|
|
Sundry Debtors |
325.180
|
132.427
|
86.428 |
|
|
Cash & Bank Balances |
44.894
|
68.625
|
5.408 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
117.647
|
131.419
|
75.315 |
|
Total
Current Assets |
638.042
|
535.723 |
349.849 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
24.203
|
16.270
|
6.756 |
|
|
Other Current Liabilities |
7.712
|
3.549
|
9.972 |
|
|
Provisions |
5.593
|
3.641
|
0.722 |
|
Total
Current Liabilities |
37.508
|
23.460 |
17.450 |
|
|
Net Current Assets |
600.534
|
512.263
|
332.399 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
619.840 |
530.919 |
496.225 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1196.458 |
1072.271 |
488.042 |
|
|
|
Other Income |
32.447 |
8.142 |
16.687 |
|
|
|
TOTAL |
1228.905 |
1080.413 |
504.729 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Office Expenses |
1197.786 |
1061.212 |
525.964 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
1197.786 |
1061.212 |
525.964 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
31.119 |
19.201 |
(21.235) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
10.753 |
(0.380) |
0.002 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
20.366 |
19.581 |
(21.237) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7.049 |
(12.532) |
8.705 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
27.415 |
7.049 |
(12.532) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
29.09 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.66
|
1.81 |
(4.21) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.60
|
1.79 |
(4.35) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.80
|
3.52 |
(5.99) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
0.05 |
(0.05) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.42
|
0.28 |
0.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
17.01
|
22.84 |
20.05 |
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 |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
No |
|
19] |
Payments terms |
No |
|
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 |
Yes |
PERFORMANCE
During the year
the Company reported Sales of Rs. 1196.458 Millions in comparison to Rs. 1072.271
Millions of previous year. After making necessary provisions for expenses, the
company reported net profit of Rs. 20.366 Millions in comparison to Rs. 19.581
Millions of previous year.
FIXED ASSETS:
· Computer
· Furniture and Fixtures
· Plant and /machinery
· Office Equipments
· Leasehold Improvements
· 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.56.42 |
|
|
1 |
Rs.86.54 |
|
Euro |
1 |
Rs.73.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
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.