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Report Date : |
08.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
EVEREST BLOWERS PRIVATE LIMITED |
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Registered
Office : |
B-44, Mayapuri Industrial Area, Phase - I, New Delhi – 110064 |
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Country : |
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Date of
Incorporation : |
09.04.2012 |
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Com. Reg. No.: |
55-234076 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100
Million |
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CIN No.: [Company Identification
No.] |
U29253DL2012PTC234076 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELE01609G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Air Blowers. |
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No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (27) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 400 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject was established as a partnership concern by the name of
“Everest Blowers” in the year 1980 and it got converted into a private
limited during April 2012. Mr. Tarun DalaIi, HR Assistant Manager has
provided all information but the financials are not verified. However, trade relations are reported as fair. Business is active.
Payments are unknown. The company can be considered for business dealing 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.
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 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Tarun Dalali |
|
Designation : |
HR Assistant Manager |
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Contact No.: |
91-9215267611 |
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Date : |
27.05.2013 |
LOCATIONS
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Registered Office : |
B-44, Mayapuri Industrial Area, Phase - I, New Delhi – 110064, India |
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Tel. No.: |
91-11-45457777/ 28114944/ 28119455 / 28116307 / 28117469 |
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Mobile No.: |
91-9999997580 (Mr. Daksh) 91-9215267611 (Mr. Tarun Dalali) |
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Fax No.: |
91-11-45457718/ 28117469 |
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E-Mail : |
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Website : |
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Area : |
2400 Sq. yard |
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Location : |
Owned |
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|
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Factory : |
424, Modern India Estate, Phase – I, Bahadurgarh – 124 507, Haryana,
India |
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Tel. No.: |
91-1276-267582 / 268238 / 268442 |
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Fax No.: |
91-1276-267582 / 268238 |
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Area : |
1000 Sq. yard |
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Location : |
Owned |
DIRECTORS
As on: 30.03.2012
|
Name : |
Mr. Amit Kapur |
|
Designation : |
Whole Time Director |
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Address : |
7/16, First Floor, Roop Nagar, Delhi – 110007, India |
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Date of Birth/Age : |
12.09.1973 |
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Date of Appointment : |
10.04.2012 |
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DIN No.: |
05227009 |
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Name : |
Mr. Rajesh Malhotra |
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Designation : |
Managing Director |
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Address : |
1/15, East Patel Nagar, New Delhi – 110008, India |
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Date of Birth/Age : |
16.04.1957 |
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Date of Appointment : |
10.04.2012 |
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DIN No.: |
05191988 |
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Name : |
Mr. Daksh Malhotra |
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Designation : |
Director |
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Address : |
1/15, East Patel Nagar, New Delhi – 110008, India |
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Date of Birth/Age : |
17.10.1987 |
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Date of Appointment : |
31.03.2013 |
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DIN No.: |
05227013 |
KEY EXECUTIVES
|
Name : |
Mr. Tarun Dalali |
|
Designation : |
HR Assist Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.03.2012
|
Names of Shareholders |
|
No. of Shares |
|
Amit Kapur |
|
5000 |
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Rajesh Malhotra |
|
5000 |
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Total
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|
10000 |
As on: 16.07.2012
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Names of Shareholders |
|
No. of Shares |
|
Amit Kapur |
|
490100 |
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Rajesh Malhotra |
|
490100 |
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Total
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|
980200 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Air Blowers. |
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Products : |
v Aqua Series Blowers v Water Cooled Blowers v Expo Series Root Blowers |
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Exports : |
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Products : |
Air Blowers |
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Countries : |
· Middle East · USA · Sri Lanka · Africa |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
· Korea · China · Taiwan |
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Terms : |
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Selling : |
L/C, Cash and Credit (30 days/ 60 days) |
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Purchasing : |
L/C, Cash and Credit (30 days/ 60 days) |
GENERAL INFORMATION
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Customers : |
Wholesalers, Retailers and End Users
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No. of Employees : |
400 (Approximately) |
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Bankers : |
·
HDFC Bank Limited, New Delhi Branch, India · HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Vijay Megalni Chartered Accountant |
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Address : |
Delhi, India |
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Memberships : |
Indian Vacuum Society |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
|
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|
990200 |
Equity Shares |
Rs.10/- each |
Rs.9.902
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
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|
700.000 |
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Expected Sales (2013-2014): Rs.1000.000 Millions
The above information has been parted by Mr. Tarun Dalali
EVEREST
BLOWERS
(PARTNERSHIP)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sales Turnover (Approximately) |
600.000 |
550.000 |
500.000 |
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LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
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2] |
Locality of the firm |
Yes |
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3] |
Constitutions of the firm |
Yes |
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4] |
Premises details |
Yes |
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5] |
Type of Business |
Yes |
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6] |
Line of Business |
Yes |
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7] |
Promoter's background |
Yes |
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8] |
No. of employees |
Yes |
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9] |
Name of person contacted |
Yes |
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10] |
Designation of contact person |
Yes |
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11] |
Turnover of firm for last one year |
Yes |
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12] |
Profitability for last three years |
No |
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13] |
Reasons for variation <> 20% |
-- |
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14] |
Estimation for coming financial year |
Yes |
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15] |
Capital in the business |
Yes |
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16] |
Details of sister concerns |
No |
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17] |
Major suppliers |
No |
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18] |
Major customers |
Yes |
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19] |
Payments terms |
Yes |
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20] |
Export / Import details (if applicable) |
Yes |
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21] |
Market information |
-- |
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22] |
Litigations that the firm / promoter involved in |
-- |
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23] |
Banking Details |
Yes |
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24] |
Banking facility details |
No |
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25] |
Conduct of the banking account |
-- |
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26] |
Buyer visit details |
-- |
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27] |
Financials, if provided |
Yes |
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28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
Yes |
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31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
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32] |
PAN of Proprietor/Partner/Director, if available |
No |
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33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
TRADE RELATIONS
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration number of the company |
U29253DL2012PTC234076
|
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Name of the
company |
EVEREST BLOWERS
PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
B-44, Mayapuri Industrial Area, Phase - I, New Delhi – 110064, India E-mail: psinghal1961@yahoo.com
|
|
This form is for |
Creation of
charge |
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Type of charge |
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Particular of
charge holder |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India E-mail: RBBform8@hdfcbank.com
|
|
Nature of
instrument creating charge |
Letter of
Hypothecation. |
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Date of
instrument Creating the charge |
12.03.2013 |
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Amount secured by
the charge |
Rs.6.996 Millions
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest at the
rate as may be communicated by the Bank from time to time. Terms of
Repayment Working Capital
facility shall be payable on demand. Term Loan
facility shall be repayable in suitable installments. Margin As may be
stipulated by the Bank from time to time. Extent and
Operation of the charge Hypothecation by way
of First Charge on Stocks, Book Debts, Plant and Machinery, Vehicles and
other Fixed Assets to secure as a continuing security as mentioned in Column
No.15 below for the repayment of Rs.6.996 Millions, together with interest,
costs, charges, expenses and other moneys due and payable by the Company to
the Bank. Others NIL. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Stock-In-Trade,
consisting of raw materials, goods in process of manufacturing finished
goods, and other merchandise whatsoever being movable properties, now All the debts,
that is, all the book debts, outstandings, monies receivables, claims, bills,
invoice documents, contracts, guarantees, and rights which are now due The movable plant
and machinery, vehicles and other fixed assets which may now or at any time
hereafter belong to the Borrower or come to the Borrowers |
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.56.74 |
|
|
1 |
Rs.88.53 |
|
Euro |
1 |
Rs.75.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
HET |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
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 |
|
27 |
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.