|
Report Date : |
07.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
LUBI INDUSTRIES LLP LUBI SUBMERSIBLES LIMITED (AMALGAMATED WITH LUBI INDUSTRIES LLP) |
|
|
|
|
Formerly Known
As : |
LUBI INDUSTRIES PRIVATE LIMITED (CIN No.:- U27310GJ2005PTC045942) |
|
|
|
|
Registered
Office : |
Near Kalyan Mills, Naroda Road, Ahmedabad-380025, Gujarat |
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|
Country : |
India |
|
|
|
|
Date of
Incorporation : |
14.02.2013 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 60.000 Millions |
|
|
|
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LLPIN No.: |
AAB-3587 |
|
|
|
|
Legal Form : |
Limited Liability Partnership |
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|
|
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Line of Business
: |
Manufacturer of machinery and equipments of N. E. C. |
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|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (35) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 240000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Unknown |
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|
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|
Litigation : |
Clear |
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|
Comments : |
Subject is a new Limited liability partnership and establishing itself
gradually. Lubi Submersible Limited got amalgamated into Lubi Industries LLP with
effect from February 2013 along with the incorporation of the LLP. The rating takes into consideration the performance of Lubi
Submersible Limited. The financials of 2012 is not available. As per the of 2011, the
company appeared to be normal for any business dealings with good capital
base. The business is active. Trade relations are fair. Payment terms are
unknown. The LLP can be considered for business dealings with some
caution. |
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 DECLINED BY
|
Name : |
Mr. Manoj |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-79-22204711 |
|
Date : |
06.06.2013 |
LOCATIONS
|
Registered Office/ Factory /
Administrative Office : |
Near Kalyan Mills, |
|
Tel. No.: |
91-79-22204711 upto 22204718/ 30610100 |
|
Fax No.: |
91-79-22200660/ 30610300 |
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E-Mail : |
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|
Website : |
|
|
Area : |
1000 |
|
Location : |
Owned |
PARTNERS
|
Name : |
Mr. Jayamal Jagdishchandra Amin |
|
Designation : |
Partner |
|
Address : |
Ram Home, Gulbai Tekra, Ellisbridge, Ahmedabad- 380006, |
|
Date of Birth/Age : |
27.04.1962 |
|
Date of Appointment : |
14.02.2013 |
|
DIN No.: |
00221356 |
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|
|
|
Name : |
Mr. Rajan Nalinkant Porecha |
|
Designation : |
Partner |
|
Address : |
Paritosh, 238, Urmikung Society, Near St. Xaviers College,
Navrangpura, Ellisbridge, Ahmedabad- 380006, Gujarat, India. |
|
Date of Birth/Age : |
13.09.1961 |
|
Date of Appointment : |
14.02.2013 |
|
DIN No.: |
00221498 |
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|
|
|
Name : |
Mr. Subhashchandra Rambhai Amin |
|
Designation : |
Partner |
|
Address : |
Ram Home, Gulbai Tekra, Ellisbridge, Ahmedabad- 380006, |
|
Date of Birth/Age : |
06.02.1947 |
|
Date of Appointment : |
14.02.2013 |
|
PAN No.: |
AAQPA3547E |
|
DIN No.: |
00221530 |
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|
|
|
Name : |
Mr. Shailesh Dollarrai Porecha |
|
Designation : |
Partner |
|
Address : |
Navdeep, Udyan Marg, Ellisbridge, Ahmedabad- 380006, |
|
Date of Birth/Age : |
27.04.1956 |
|
Date of Appointment : |
14.02.2013 |
|
DIN No.: |
00221569 |
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|
|
|
Name : |
Ms. Arti Sailesh Porecha |
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Designation : |
Partner |
|
Address : |
Navdeep, Udyan Marg, Ellisbridge, Ahmedabad- 380006, |
|
Date of Appointment : |
14.02.2013 |
|
PAN No.: |
AAMPP0683L |
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|
|
|
Name : |
Ms. Nirali Vishal Mehta |
|
Designation : |
Partner |
|
Address : |
Ram Home, Gulbai Tekra, Ellisbridge, Ahmedabad- 380006, |
|
Date of Appointment : |
14.02.2013 |
|
PAN No.: |
AAPPA7747M |
|
|
|
|
Name : |
Mr. Shrujal Ramesh Chandra Amin |
|
Designation : |
Partner |
|
Address : |
14217, Every Point, Granger In 46530, US |
|
Date of Appointment : |
14.02.2013 |
|
PAN No.: |
AAPPA7748E |
|
|
|
|
Name : |
Ms. Achalaben Subhashchandra Patel |
|
Designation : |
Partner |
|
Address : |
Ram Home, Gulbai Tekra, Ellisbridge, Ahmedabad- 380006, |
|
Date of Appointment : |
14.02.2013 |
|
PAN No.: |
AAQPA3543A |
|
|
|
|
Name : |
Ms. Bakulaben Jagdishchandra Amin |
|
Designation : |
Partner |
|
Address : |
Ram Home, Gulbai Tekra, Ellisbridge, Ahmedabad- 380006, |
|
Date of Appointment : |
14.02.2013 |
|
PAN No.: |
AAQPA3545G |
|
|
|
|
Name : |
Mr. Jagdishchandra Rambhai Amin |
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Designation : |
Partner |
|
Address : |
Ram Home, Gulbai Tekra, Ellisbridge, Ahmedabad- 380006, |
|
Date of Birth/Age : |
28.12.1933 |
|
Date of Appointment : |
14.02.2013 |
|
PAN No.: |
AAQPA3546F |
|
DIN No.: |
|
|
|
|
|
Name : |
Ms. Tejalben Tusharbhai Patel |
|
Designation : |
Partner |
|
Address : |
Ram Home, Gulbai Tekra, Ellisbridge, Ahmedabad- 380006, |
|
Date of Appointment : |
14.02.2013 |
|
PAN No.: |
ABBPP3022D |
|
|
|
|
Name : |
Ms. Shetal Samirbhai Patel |
|
Designation : |
Partner |
|
Address : |
14208, Every Point, Granger In 46530, US |
|
Date of Appointment : |
14.02.2013 |
|
PAN No.: |
ABBPP5618F |
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|
|
|
Name : |
Mr. Atulbhai Shantilal Adalja |
|
Designation : |
Partner |
|
Address : |
21, Arunoday Park, Near St. XA College, Navrangpura, Ahmedabad,
Gujarat, India |
|
Date of Appointment : |
14.02.2013 |
|
PAN No.: |
ABGPA4263N |
|
|
|
|
Name : |
Ms. Manjariben Rajanbhai Porecha |
|
Designation : |
Partner |
|
Address : |
Paritosh, 238, Urmikunj society, Navrangpura, Ahmedabad, Gujarat,
India |
|
Date of Appointment : |
14.02.2013 |
|
PAN No.: |
ACMPP1901H |
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|
|
|
Name : |
Ms. Geetaben Narendrabhai Parekh |
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Designation : |
Partner |
|
Address : |
B-202, Shiromani Apartment, Near Naheru Nagar, Char Rasta, Satellite,
Ahmedabad, Gujarat, India |
|
Date of Appointment : |
14.02.2013 |
|
PAN No.: |
ACNPP3476E |
|
|
|
|
Name : |
Mr. Vishal Subhashchandra Amin |
|
Designation : |
Partner |
|
Address : |
Ram Home, Gulbai Tekra, Ellisbridge, Ahmedabad- 380006, |
|
Date of Appointment : |
14.02.2013 |
|
PAN No.: |
ADBPA9920H |
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|
|
|
Name : |
Ms. Aditi Gautamkumar Patel |
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Designation : |
Partner |
|
Address : |
Ram Home, Gulbai Tekra, Ellisbridge, Ahmedabad- 380006, |
|
Date of Appointment : |
14.02.2013 |
|
PAN No.: |
AETPP8763Q |
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|
|
|
Name : |
Ms. Eelaben Mehulbhai Sheth |
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Designation : |
Partner |
|
Address : |
301, Manek Bag Society, Near Naheru Nagar, Char Rasta, Satellite,
Ahmedabad, Gujarat, India |
|
Date of Appointment : |
14.02.2013 |
|
PAN No.: |
AFHPS9166B |
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|
|
|
Name : |
Ms. Ushaben Dollarrai Porecha |
|
Designation : |
Partner |
|
Address : |
Navdeep, Udyan Marg, Ellisbridge, Ahmedabad- 380006, |
|
Date of Appointment : |
14.02.2013 |
|
PAN No.: |
AGVPP0970B |
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|
|
|
Name : |
Ms. Purvi Shailshbhai Porecha |
|
Designation : |
Partner |
|
Address : |
Navdeep, Udyan Marg, Ellisbridge, Ahmedabad- 380006, |
|
Date of Appointment : |
14.02.2013 |
|
PAN No.: |
AKOPP8122C |
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|
|
|
Name : |
Ms. Shailee Rajan Porecha |
|
Designation : |
Partner |
|
Address : |
Paritosh, 238, Urmikunj society, Navrangpura, Ahmedabad, Gujarat,
India |
|
Date of Appointment : |
14.02.2013 |
|
PAN No.: |
AOMPP6578G |
|
|
|
|
Name : |
Mr. Rohan Jaymalbhai Amin |
|
Designation : |
Partner |
|
Address : |
Ram Home, Gulbai Tekra, Ellisbridge, Ahmedabad- 380006, |
|
Date of Appointment : |
14.02.2013 |
|
PAN No.: |
APMPA1830M |
|
|
|
|
Name : |
Mr. Shailesh Dollarrai Porecha |
|
Designation : |
Partner |
|
Address : |
Edgwarbury Lane, Edgware, Middlesex, H A 8 8LY, London (UK) |
|
Date of Appointment : |
14.02.2013 |
|
PAN No.: |
AUBPP2645M |
|
|
|
|
Name : |
Mr. Ronak Nalinkant Porecha |
|
Designation : |
Partner |
|
Address : |
Paritosh, 238, Urmikunj society, Navrangpura, Ahmedabad, Gujarat,
India |
|
Date of Appointment : |
14.02.2013 |
|
PAN No.: |
BLOPP9608P |
KEY EXECUTIVES
|
Name : |
Mr. Manoj |
|
Designation : |
Finance Manager |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of machinery and equipments of N. E. C. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management |
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Bankers : |
Not Available |
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Facilities : |
|
|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Available |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs. 60.000 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs. 60.000 Millions |
PARTNERS CONTRIBUTION DETAILS
|
Partners Name |
Contribution
Amount in Millions |
|
Jayamal
Jagdishchandra Amin |
3.600 |
|
Rajan Nalinkant
Porecha |
3.600 |
|
Subhashchandra
Rambhai Amin |
3.600 |
|
Shailesh
Dollarrai Porecha |
2.400 |
|
Arti Sailesh
Porecha |
2.250 |
|
Nirali Vishal
Mehta |
1.200 |
|
Shrujal Ramesh
Chandra Amin |
2.100 |
|
Achalaben
Subhashchandra Patel |
3.000 |
|
Bakulaben
Jagdishchandra Amin |
2.700 |
|
Jagdishchandra
Rambhai Amin |
2.700 |
|
Tejalben
Tusharbhai Patel |
1.200 |
|
Shetal Samirbhai
Patel |
2.100 |
|
Atulbhai
Shantilal Adalja |
0.060 |
|
Manjariben
Rajanbhai Porecha |
3.588 |
|
Geetaben
Narendrabhai Parekh |
0.960 |
|
Vishal Subhashchandra
Amin |
2.400 |
|
Aditi
Gautamkumar Patel |
1.800 |
|
Eelaben
Mehulbhai Sheth |
1.140 |
|
Ushaben
Dollarrai Porecha |
1.638 |
|
Purvi
Shailshbhai Porecha |
1.800 |
|
Shailee Rajan
Porecha |
1.200 |
|
Rohan Jaymalbhai
Amin |
1.800 |
|
Shailesh
Dollarrai Porecha |
1.800 |
|
Ronak Nalinkant
Porecha |
3.600 |
|
Mira Finstock
Private Limited, India |
7.764 |
|
TOTAL |
60.000 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
(LUBI SUBMERSIBLE LIMITED)
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
5.400 |
5.400 |
6.750 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
502.239 |
401.332 |
297.030 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
507.639 |
406.732 |
303.780 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
47.735 |
20.453 |
0.536 |
|
|
2] Unsecured Loans |
108.541 |
71.449 |
68.141 |
|
|
TOTAL BORROWING |
156.276 |
91.902 |
68.677 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
1.694 |
|
|
|
|
|
|
|
|
TOTAL |
663.915 |
498.634 |
374.151 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
156.161 |
155.757 |
141.662 |
|
|
Capital work-in-progress |
0.000 |
3.759 |
0.592 |
|
|
|
|
|
|
|
|
INVESTMENT |
6.200 |
6.200 |
6.200 |
|
|
DEFERREX TAX ASSETS |
3.043 |
1.504 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
386.748
|
300.548
|
172.748
|
|
|
Sundry Debtors |
157.192
|
172.328
|
93.658
|
|
|
Cash & Bank Balances |
55.860
|
103.472
|
73.335
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
325.139
|
217.909
|
134.346
|
|
Total
Current Assets |
924.939
|
794.257 |
474.087 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
244.513
|
305.727 |
162.965
|
|
|
Other Current Liabilities |
41.842
|
36.768
|
20.253
|
|
|
Provisions |
140.073
|
120.348
|
65.172
|
|
Total
Current Liabilities |
426.428
|
462.843 |
248.390 |
|
|
Net Current Assets |
498.511
|
331.414
|
225.697
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
663.915 |
498.634 |
374.151 |
|
PROFIT & LOSS ACCOUNT
(LUBI SUBMERSIBLE LIMITED)
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1353.111 |
1535.404 |
972.233 |
|
|
|
Other Income |
26.107 |
21.215 |
31.946 |
|
|
|
TOTAL (A) |
1379.218 |
1556.619 |
1004.179 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption of Raw Material and stores and
spares parts |
956.985 |
1084.692 |
699.859 |
|
|
|
Manufacturing Expenses |
53.588 |
44.392 |
21.450 |
|
|
|
Purchases made for re-sale |
-- |
-- |
36.952 |
|
|
|
Payment to and Provision for Employees |
67.011 |
60.704 |
45.938 |
|
|
|
Administrative, Selling and General Expenses |
95.897 |
98.149 |
60.677 |
|
|
|
Loss on |
-- |
-- |
0.030 |
|
|
|
Increase/ Decrease in Stock |
-- |
-- |
0.274 |
|
|
|
TOTAL (B) |
1173.481 |
1287.937 |
865.180 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
205.737 |
268.682 |
138.999 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
14.400 |
11.321 |
11.877 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
191.337 |
257.361 |
127.122 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
35.250 |
28.528 |
22.278 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
156.087 |
228.833 |
104.844 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
53.605 |
77.052 |
38.605 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
102.482 |
151.781 |
66.239 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
363.811 |
276.359 |
212.657 |
|
|
|
|
|
|
|
|
|
|
Excess
Provision for Bonus |
-- |
-- |
0.063 |
|
|
|
Excess
Provision for Income Tax and FBT |
-- |
-- |
0.187 |
|
|
|
Excess
provision for Wealth Tax |
-- |
-- |
0.003 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
10.500 |
15.500 |
2.000 |
|
|
|
Proposed Dividend |
0.000 |
1.350 |
0.675 |
|
|
|
Tax on Dividend |
0.224 |
0.229 |
0.115 |
|
|
|
Transfer to Capital Redemption Reserve |
1.350 |
1.350 |
0.000 |
|
|
|
Premium on Buy Back |
0.000 |
45.900 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
454.219 |
363.811 |
276.359 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Sales of pumps, motors and spares |
246.739 |
264.403 |
186.508 |
|
|
TOTAL EARNINGS |
246.739 |
264.403 |
186.508 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
75.968 |
66.637 |
22.948 |
|
|
|
Stores & Spares |
0.000 |
1.690 |
0.562 |
|
|
TOTAL IMPORTS |
75.968 |
68.327 |
23.510 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1897.06 |
2803.50 |
981.32
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
7.43
|
9.75 |
6.60
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
11.54
|
14.90 |
10.78
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.40
|
24.05 |
17.03
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31
|
0.56 |
0.35
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.31
|
0.22 |
0.23
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.17
|
1.72 |
1.91
|
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 |
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
No |
|
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 |
No |
|
30] |
Major Shareholders, if
available |
No |
|
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 |
SUNDRY CREDITORS
DETAILS (LUBI SUBMERSIBLE LIMITED)
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors
|
|
|
|
|
Creditors due small micro enterprises |
-- |
-- |
-- |
|
Creditors due others |
244.513 |
305.727 |
157.086 |
|
For Expenses |
-- |
-- |
5.879 |
|
TOTAL |
244.513 |
305.727 |
162.965 |
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 records 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. 56.86 |
|
|
1 |
Rs. 87.64 |
|
Euro |
1 |
Rs. 74.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
35 |
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.