1. Summary Information
|
|
|
Country |
INDIA |
|
Company Name |
TREADSTONE LIMITED |
Principal Name 1 |
MR. KRISHAN KUMAR WADHWA |
|
Status |
SATISFACTORY |
Principal Name 2 |
MS. ALKA WADHWA |
|
|
|
Registration # |
20-009029 |
|
Street Address |
39, FACTORY AREA, FAZAL GANJ, KANPUR – 208 012, UTTAR PRADESH |
||
|
Established Date |
06.10.1987 |
SIC Code |
-- |
|
Telephone# |
91-512-2215787/ 2217691 |
Business Style 1 |
MANUFACTURER - |
|
Fax # |
91-512-2215787/ 2219059 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
RIDING EQUIPMENTS |
|
|
# of employees |
NOT AVAILABLE |
Product Name 2 |
APPARELS |
|
Paid up capital |
RS.13,308,000/- |
Product Name 3 |
-- |
|
Shareholders |
DIRECTORS
OR RELATIVES OF DIRECTORS – 100% |
Banking |
BANK OF BARODA |
|
Public Limited Corp. |
NO |
Business Period |
26 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (48) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
SUBSIDIARIES |
-- |
RACHNALOK HOUSING CONSTRUCTIONS PRIVATE LIMITED |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
240,896,000 |
Current Liabilities |
64,191,000 |
|
Inventories |
245,656,000 |
Long-term Liabilities |
191,332,000 |
|
Fixed Assets |
48,902,000 |
Other Liabilities |
10,334,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
265,857,000 |
|
Invest& other Assets |
21,594,000 |
Retained Earnings |
277,883,000 |
|
|
|
Net Worth |
291,191,000 |
|
Total Assets |
557,048,000 |
Total Liab. & Equity |
557,048,000 |
|
Total Assets (Previous Year) |
612,070,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
279,998,000 |
Net Profit |
8,461,000 |
|
Sales(Previous yr) |
285,717,000 |
Net Profit(Prev.yr) |
7,775,000 |
MIRA
INFORM REPORT
|
Report Date : |
17.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
TREADSTONE LIMITED (w.e.f. 07.08.2001) |
|
|
|
|
Formerly Known
As : |
TREADSTONE (INDIA) PRIVATE LIMITED (w.e.f 26.07.2001) LARK EXPORTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
39, Factory Area, Fazal Ganj, Kanpur – 208 012, Uttar Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
06.10.1987 |
|
|
|
|
Com. Reg. No.: |
20-009029 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.13.308
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51210UP1987PLC009029 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of riding equipments and apparels. |
|
|
|
|
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 1165000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. The company can be considered for normal 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.
LOCATIONS
|
Registered Office/ Head Office : |
39, Factory Area, Fazal Ganj, Kanpur – 208 012, Uttar Pradesh, India |
|
Tel. No.: |
91-512-2215787/ 2217691/ 2234632/ 26812709 |
|
Fax No.: |
91-512-2215787/ 2219059 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Marketing Office/ Construction Division : |
A-259-260, Okhla Industrial Area, Phase – l, New Delhi – 110 020,
India |
|
Tel. No.: |
91-11-26812539/ 26812714/ 26812709/ 26815815 |
|
Fax No.: |
91-11-26812540 |
|
E-Mail : |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Krishan Kumar Wadhwa |
|
Designation : |
Managing Director |
|
Address : |
C-33, Sarvodaya Nagar, Kanpur – 208 005, Uttar Pradesh, India |
|
Date of Birth/Age : |
17.10.1957 |
|
Date of Appointment : |
06.10.1987 |
|
DIN No.: |
00170731 |
|
|
|
|
Name : |
Ms. Alka Wadhwa |
|
Designation : |
Director |
|
Address : |
C-33, Sarvodaya Nagar, Kanpur – 208 005, Uttar Pradesh, India |
|
Date of Birth/Age : |
06.08.1960 |
|
Date of Appointment : |
06.10.1987 |
|
DIN No.: |
00189265 |
|
|
|
|
Name : |
Ms. Priyanka Wadhwa |
|
Designation : |
Director |
|
Address : |
C-33, Sarvodaya Nagar, Kanpur – 208 005, Uttar Pradesh, India |
|
Date of Birth/Age : |
13.09.1982 |
|
Date of Appointment : |
29.09.2012 |
|
DIN No.: |
00488076 |
|
|
|
|
Name : |
Ms. Nidhi Wadhwa |
|
Designation : |
Director |
|
Address : |
C-33, Sarvodaya Nagar, Kanpur – 208 005, Uttar Pradesh, India |
|
Date of Birth/Age : |
26.02.1981 |
|
Date of Appointment : |
20.02.2009 |
|
DIN No.: |
01847743 |
|
|
|
|
Name : |
Mr. Sanmeet Anil Patil |
|
Designation : |
Director |
|
Address : |
201/4 B, Sarvoday Housing Society, Civil Lines, Solapur – 413 003,
Maharashtra, India |
|
Date of Birth/Age : |
23.08.1981 |
|
Date of Appointment : |
29.09.2012 |
|
DIN No.: |
02883605 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Krishan Kumar Wadhwa |
|
99810 |
|
Alka Wadhwa |
|
12440 |
|
Nidhi Wadhwa |
|
3400 |
|
Priyanka Wadhwa |
|
3400 |
|
Uditi Wadhwa |
|
3400 |
|
O.P. Wadhwa (HUF) |
|
10630 |
|
Total |
|
133080 |
As on 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of riding equipments and apparels. |
|
|
|
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Intuition : |
Cholamandalam DBS Finance limited |
|
|
|
|
Auditors : |
|
|
Name : |
Gupta Janardan and Associates Chartered Accountants |
|
Address : |
Flat No.G-3, Prabhu Rachna Apartments, 13/386-D, Civil Lines, Kanpur –
208 001, Uttar Pradesh, India |
|
Tel. No.: |
91-512-2533220 (O) 91-512-2561888 (R) |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AADFG2645J |
|
|
|
|
Subsidiaries : |
·
Rachnalok Housing Constructions Private Limited
(CIN No.: U45201UP2005PTC030664) ·
Treadstone India Private Limited (CIN No.:
U67120UP1992PTC014457) ·
Treadstone Hospitality Private Limited (CIN No.:
U45201UP2005PTC030676) |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
150000 |
Equity Shares |
Rs.100/- each |
Rs.15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
133080 |
Equity Shares |
Rs.100/- each |
Rs.13.308
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 |
|
13.308 |
13.308 |
|
(b) Reserves & Surplus |
|
277.883 |
269.421 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
0.000 |
0.000 |
|
|
|
|
|
|
(3) Non-current liabilities |
|
|
|
|
(a) Long-term borrowings |
|
111.333 |
188.769 |
|
(b) Deferred tax liabilities (Net) |
|
5.021 |
5.087 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) Long-term provisions |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term borrowings |
|
79.999 |
70.424 |
|
(b) Trade payables |
|
56.622 |
61.688 |
|
(c) Other current
liabilities |
|
7.569 |
15.848 |
|
(d) Short-term provisions |
|
5.313 |
7.537 |
|
TOTAL |
|
557.048 |
632.082 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
48.902 |
52.218 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
21.594 |
20.012 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
86.143 |
60.861 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
245.656 |
352.353 |
|
(c) Trade receivables |
|
87.545 |
90.601 |
|
(d) Cash and cash
equivalents |
|
6.851 |
3.548 |
|
(e) Short-term loans and
advances |
|
60.011 |
52.291 |
|
(f) Other current assets |
|
0.346 |
0.198 |
|
TOTAL |
|
557.048 |
632.082 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
13.308 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
261.417 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
274.725 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
230.305 |
|
|
2] Unsecured Loans |
|
|
0.541 |
|
|
TOTAL BORROWING |
|
|
230.846 |
|
|
DEFERRED TAX LIABILITIES |
|
|
5.503 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
511.074 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
53.643 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
18.557 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
368.096
|
|
|
Sundry Debtors |
|
|
71.047
|
|
|
Cash & Bank Balances |
|
|
3.725
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
101.068
|
|
Total
Current Assets |
|
|
543.936 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
70.985
|
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
|
|
34.093
|
|
Total
Current Liabilities |
|
|
105.078
|
|
|
Net Current Assets |
|
|
438.858
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.016 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
511.074 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
279.998 |
285.717 |
312.850 |
|
|
|
Other Income |
94.229 |
48.413 |
37.058 |
|
|
|
TOTAL (A) |
374.227 |
334.130 |
349.908 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
140.935 |
145.948 |
106.914 |
|
|
|
Shop Construction Cost |
0.807 |
17.075 |
53.663 |
|
|
|
Changes in
inventories of finished goods, work-in-progress and Stock-in-Trade |
96.638 |
10.402 |
(19.552) |
|
|
|
Employee benefit
expense |
30.442 |
34.610 |
-- |
|
|
|
Other expenses |
57.684 |
75.724 |
-- |
|
|
|
Prior Period
Adjustments |
0.000 |
0.009 |
-- |
|
|
|
Manufacturing, Administrative, Selling and Distribution Expenses |
-- |
-- |
132.996 |
|
|
|
Interest on Unsecured Loan |
-- |
-- |
0.714 |
|
|
|
Miscellaneous Expenditure Written Off |
-- |
-- |
0.016 |
|
|
|
TOTAL (B) |
326.506 |
283.768 |
274.751 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
47.721 |
50.362 |
75.157 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
35.848 |
35.748 |
39.542 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
11.873 |
14.614 |
35.615 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
3.478 |
3.436 |
3.165 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
8.395 |
11.178 |
32.450 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.066) |
3.403 |
11.529 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
8.461 |
7.775 |
20.921 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
NA |
NA |
263.652 |
|
|
|
|
|
|
|
|
|
|
VALUE OF IMPORTS
ON CIF BASIS |
NA |
NA |
5.779 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
63.58 |
58.42 |
157.21 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.26 |
2.33 |
5.98
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.00
|
3.91 |
10.37
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.57
|
1.83 |
5.43
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.04 |
0.12
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.66 |
0.92 |
0.84
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.68 |
3.21 |
5.18
|
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
33) Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34) External Agency Rating, if available |
No |
|
Unsecured Loans |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
LONG TERM BORROWING |
|
|
|
Loans and Advances from Related Parties |
9.906 |
10.501 |
|
Total
|
9.906 |
10.501 |
PERFORMANCE OF THE
COMPANY:
The year the company
has earned profit. The commercial receipt would further increase corresponding
with the acquiring of more commercial jobs. There are no material changes and
commitments which have occurred between the end of the financial year and the
date of report, affecting the financial position of the Company.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U51210UP1987PLC009029 |
|
Name of the
company |
TREADSTONE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
39, Factory Area, Fazal Ganj, Kanpur – 208 012, Uttar Pradesh, India E-Mail: accounts.ho@treadstone-group.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable
Property Others (Corporate
Guarantee) |
|
Particular of
charge holder |
Bank of Baroda, Fazal Ganj, Kanpur – 208 012, Uttar Pradesh, India E-Mail: indkan@bankofbaroda.com |
|
Nature of
description of the instrument creating or modifying the charge |
1. Letter of
Confirmation for creation of Equitable Mortgage 2. Declaration of
mortgage by deposit of title deeds 3 Corporate
Guarantee {LDOC33(A)} |
|
Date of
instrument Creating the charge |
20.03.2013 |
|
Amount secured by
the charge |
Rs.8.700 millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Interest to be charged
@ 5.25% above Base Rate i.e. 15.75% p.a. with monthly rests or at such other
rates as may be notified by the Bank to the Borrower from time to time. Terms of
Repayment: WCDL of Rs.8.700
millions shall be repayable 36 equal monthly installments of Rs.0.242 million
each commencing from March'2013 till the entire loan is repaid in full with
interest. Margin: As per Sanction
terms. Extent and
Operation of the charge: The Company's
immovable properties as mentioned hereunder are mortgaged to secure WCDL of
Rs.8.700 millions granted by the Bank to Treadstone India Private Limited. Others: Treadstone
Limited has executed Corporate Guarantee to secure repayment of WCDL of
Rs.8.700 millions granted by the Bank to Treadstone India Private Limited. |
|
Short particulars
of the property charged |
Equitable
mortgage by deposit of title deeds of immovable properties situated at Plot
No.52/3,4,5, Block T, Scheme-I, Factory Area, Fazalganj, Kanpur |
FIXED ASSETS:
·
·
·
Vehicles
·
Furniture and Fixture
·
Office Equipment
·
Computers
·
Laptop
·
Electric Installation
·
Tools, Dies and Patterns
·
Trade Mark
·
Air Conditioners
·
Generators
·
Plant and Machinery
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.57.74 |
|
|
1 |
Rs.90.64 |
|
Euro |
1 |
Rs.77.02 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--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.