1. Summary Information
|
|
|
Country |
|
|
Company Name |
MANAS AUTOMOTIVE
SYSTEMES LIMITED |
Principal Name 1 |
Mr. Karan Singh Nain |
|
Status |
Moderate |
Principal Name 2 |
Mr. Jagjit Singh Nain |
|
|
|
Registration # |
55-192802 |
|
Street Address |
1378/21, 1st Floor, Naiwala, Karol Bagh, |
||
|
Established Date |
03.08.2009 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Providing Manpower Services |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
36,277,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate 0.52%, Directors or relatives of directors 99.48% |
Banking |
State Bank of |
|
Public Limited Corp. |
No |
Business Period |
4 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B
(28) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
|
|
|
|
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
88,576,000 |
Current Liabilities |
39,839,000 |
|
Inventories |
18,790,000 |
Long-term Liabilities |
262,850,000 |
|
Fixed Assets |
248,004,000 |
Other Liabilities |
18,437,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
321,126,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
0,000 |
|
|
|
Net Worth |
34,244,000 |
|
Total Assets |
355,370,000 |
Total Liab. & Equity |
355,370,000 |
|
Total Assets (Previous Year) |
213,396,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
185,206,000 |
Net Profit/ Loss |
(10,323,000) |
|
Sales (Previous yr) |
89,517,000 |
Net Profit/
Loss (Prev. yr) |
(2,940,000) |
MIRA
INFORM REPORT
|
Report Date : |
18.06.2013 |
|
|
|
|
Tel. No.: |
02114-660703 |
IDENTIFICATION DETAILS
|
Name : |
MANAS AUTOMOTIVE SYSTEMES LIMITED [w.e.f.27.07.2010] |
|
|
|
|
Formerly Known
As : |
LUMAX MANAS AUTOMOTIVE SYSTEMS LIMITED [w.e.f.12.02.2010] MANAS AUTOMOTIVE SYSTEMS LIMITED |
|
|
|
|
Registered
Office : |
1378/21, 1st Floor, Naiwala, Karol Bagh, New Delhi - 110005 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
03.08.2009 |
|
|
|
|
Com. Reg. No.: |
55-192802 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 36.277 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34100DL2009PLC192802 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM17468D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCM1258H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing Manpower Services. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 137000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. Company has recorded accumulated losses for past some year. External
borrowings appear to be huge and increasing over years. However, trade relations are fair. Business is active. Payments are
reported to be slow. The company can be considered for business dealings with great
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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating : D |
|
Rating Explanation |
Default or expected to be in default. |
|
Date |
April 04, 2013 |
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 : |
1378/21, 1st Floor, Naiwala, Karol Bagh, New Delhi – 110005, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9767102390 [Mr. Amit Acharya] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office/ Works
: |
Gat No 105-106,
Village - Ambi, Talula - Maval, MIDC Road, Talegaon Pune -410507,
Maharashtra, India |
|
Tel. No.: |
91-2114-660723/ 660734 |
|
E-Mail : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Karan Singh Nain |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
H. No. 848, Sector – 9, Faridabad – 121006, Haryana, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.10.1957 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
03.08.2009 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ADTPN5741K |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01148457 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Jagjit Singh Nain |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
H. No. 818, Sector – 9, Faridabad – 121006, Haryana, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.08.1957 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
03.08.2009 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ABUPN7941E |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01166764 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Usha Nain |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
H. No. 848, Sector – 9, Faridabad – 121006, Haryana, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.10.1978 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
03.08.2009 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AEGPN4117F |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01966167 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Jagjit Singh Nain |
|
1639890 |
|
Karan Singh Nain |
|
1051000 |
|
Charan Singh |
|
25000 |
|
Usha Nain |
|
68000 |
|
Jaibir Singh |
|
704000 |
|
Ram Mehar Singh |
|
3000 |
|
Sushma Nain |
|
17000 |
|
Dalbir Singh |
|
20800 |
|
Baljeet Singh |
|
27000 |
|
Gurnam Singh |
|
22000 |
|
KG Telecom (Private) Limited, India |
|
19000 |
|
Sadhu Ram |
|
11000 |
|
Jagjit Singh Nain (HUF) |
|
10000 |
|
Karan Singh Nain (HUF) |
|
10000 |
|
|
|
|
|
Total |
|
3627690 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
0.52 |
|
Directors
or relatives of directors |
|
99.48 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Manpower Services. |
GENERAL INFORMATION
|
Customers : |
GM Mercedes-Benz Tata Eicher Volvo Daimler Ashok Leyland Hindustan Motors Mahindra JCB Force Motors Man Force Trucks
Private Limited Komatsu Caterpillar HMT Tractors AMW |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
State Bank of
India, Commercial Branch, 1548/A, Sadashiv Peth, Tilak Road, Pune - 411030,
Maharashtra, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
HKV and Associates Chartered Accountants |
|
Address : |
1214/A, Rajeev Nagar, Gurgaon – 122001, Haryana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAFFH5489K |
CAPITAL STRUCTURE
AFTER 29.09.2012
Authorised Capital : Rs. 50.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 48.327
Millions
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,627,690 |
Equity Shares |
Rs. 10/- each |
Rs. 36.277
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 |
|
36.277 |
33.957 |
|
(b) Reserves & Surplus |
|
(3.983) |
(2.940) |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
1.950 |
15.200 |
|
|
|
|
|
|
(3)
Non-current liabilities |
|
|
|
|
(a) long-term borrowings |
|
262.850 |
145.905 |
|
(b) Deferred tax liabilities (Net) |
|
9.339 |
0.000 |
|
(c) Other long
term liabilities |
|
28.125 |
2.454 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4)
Current liabilities |
|
|
|
|
(a)
Short term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
11.714 |
16.261 |
|
(c)
Other current liabilities |
|
0.000 |
0.000 |
|
(d) Short-term
provisions |
|
9.098 |
2.559 |
|
TOTAL |
|
355.370 |
213.396 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible assets |
|
248.004 |
119.407 |
|
(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 |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
18.790 |
13.988 |
|
(c) Trade receivables |
|
42.391 |
17.050 |
|
(d) Cash and cash equivalents |
|
0.092 |
0.612 |
|
(e) Short-term loans and advances |
|
46.093 |
59.202 |
|
(f) Other current assets |
|
0.000 |
3.137 |
|
TOTAL |
|
355.370 |
213.396 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.500 |
|
|
2] Share Application Money |
|
|
18.442 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
18.942 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
15.015 |
|
|
TOTAL BORROWING |
|
|
15.015 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
33.957 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
4.053 |
|
|
Capital work-in-progress |
|
|
21.343 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.093 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
13.545 |
|
Total
Current Assets |
|
|
13.638 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
|
|
4.801 |
|
|
Provisions |
|
|
0.276 |
|
Total
Current Liabilities |
|
|
5.077 |
|
|
Net Current Assets |
|
|
8.561 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
33.957 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
185.206 |
89.517 |
0.000 |
|
|
|
Other Income |
1.102 |
0.389 |
0.000 |
|
|
|
TOTAL (A) |
186.308 |
89.906 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
119.189 |
53.301 |
0.000 |
|
|
|
Changes in inventories
of finished goods, work-in-progress and Stock-in-Trade |
(6.989) |
(4.408) |
0.000 |
|
|
|
Employee benefit expense |
10.092 |
12.036 |
0.035 |
|
|
|
Other expenses |
31.800 |
23.799 |
0.531 |
|
|
|
TOTAL (B) |
154.092 |
84.728 |
0.566 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
[LOSS] BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
32.216 |
5.178 |
(0.566) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
29.012 |
4.791 |
0.005 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
[LOSS] BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.204 |
0.387 |
(0.571) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.188 |
3.327 |
0.065 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ [LOSS]
BEFORE TAX (E-F) (G) |
(0.984) |
(2.940) |
(0.636) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
9.339 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ [LOSS]
AFTER TAX (G-H) (I) |
(10.323) |
(2.940) |
(0.636) |
|
|
|
|
|
|
|
|
|
|
Earnings/ [Loss]
Per Share (Rs.) |
(2.85) |
(0.87) |
(12.72) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(5.54)
|
(3.27) |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(0.53)
|
(3.28) |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.28)
|
(1.38) |
(3.60) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.03)
|
(0.06) |
(0.03) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
7.68
|
4.30 |
0.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.16
|
4.99 |
2.69 |
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
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 |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
LONG TERM
BORROWINGS |
|
|
|
Term Loans |
|
|
|
From Other Parties |
20.050 |
1.000 |
|
Total |
20.050 |
1.000 |
Note:
The registered office of the company has been shifted from 63 - 64,
Gokhle Market, Delhi – 110054, India to the present w.e.f.25.05.2010.
OPERATION
The company
achieved sales of Rs. 185.206 Millions in comparison to Rs 89.517 Millions of the
previous year. The Profitability and other financial results are satisfactory
but still the Directors are hopeful to achieve better results in current year.
Since the company is in the phase of growth and to strengthen the position of
the company, Directors are unable to recommend any dividend of the period. The
report of auditors is self explanatory and does not require specific comment
thereon.
FIXED ASSETS:
Land
Building
Plant and
Machinery
Material handling
Equipment
Tools and
Equipment
Office Equipment
Furniture
Vehicles
Computer and
Software
Design and
Development
Dies and Moulds
Fire Fighting
Equipments
Electrical
Fittings
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. 57.73 |
|
|
1 |
Rs. 90.61 |
|
Euro |
1 |
Rs. 76.96 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.