Business
information report
1. Summary Information
|
Country |
India |
||
|
Company Name |
ABHISHRI
PACKAGING PRIVATE LIMITED |
Principal Name 1 |
Rakesh Dungarmal Tainwala |
|
Status |
Satisfactory |
Principal Name 2 |
Amishi Rakesh Tainwala |
|
Registration # |
11-139261 |
||
|
Street Address |
Tainwala House, Road No. 18, MIDC, Andheri (E), Mumbai-400093,
Maharashtra, India |
||
|
Established Date |
20.02.2003 |
SIC Code |
-- |
|
Telephone# |
91-22-67166161 |
Business Style 1 |
Manufacturers |
|
Fax # |
91-22-28387039 |
Business Style 2 |
Suppliers |
|
Homepage |
Not Available |
Product Name 1 |
Luggage |
|
# of employees |
Not Available |
Product Name 2 |
Polycontainers |
|
Paid up capital |
Rs. 49,600,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate 29.83% Directors or
relatives of Directors 70.17% |
Banking |
HDFC Bank Limited |
|
Public Limited Corp. |
NO |
Business Period |
10 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (46) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Enterprises in which key management
personnel and/or their relatives have significant influence : |
-- |
Katyayan Construction and Developers Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
92,185,000 |
Current Liabilities |
92,142,000 |
|
Inventories |
68,065,000 |
Long-term Liabilities |
144,079,000
|
|
Fixed Assets |
215,881,000 |
Other Liabilities |
19,286,000 |
|
Deferred Assets |
0000 |
Total Liabilities |
255,507,000 |
|
Invest& other Assets |
0000 |
Retained Earnings |
71,024,000 |
|
|
|
Net Worth |
120,624,000 |
|
Total Assets |
376,131,000 |
Total Liab. & Equity |
376,131,000 |
|
Total Assets (Previous Year) |
444,363,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
NA |
Net Profit |
19,895,000 |
|
Sales(Previous yr) |
NA |
Net Profit(Prev.yr) |
18,195,000 |
MIRA INFORM REPORT
|
Report Date : |
19.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
ABHISHRI PACKAGING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Tainwala House, Road No. 18, MIDC, Andheri (E), Mumbai-400093, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
20.02.2003 |
|
|
|
|
Com. Reg. No.: |
11-139261 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.49.600 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28129MH2003PTC139261 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA27815E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCA6446G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers and Suppliers of Luggage, Polycontainers, and Sheets. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 482400 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. There
appears some dip in its sales during 2012. However, general financial position seems to be strong. Trade
relations are reported to be fair. Business is active. Payments are reported
to be usually correct and as per commitment. The company can be considered for normal business dealings 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 – 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 : |
Tainwala House, Road No. 18, MIDC, Andheri (E), Mumbai-400093,
Maharashtra, India |
|
Tel. No.: |
91-22-67166161 / 67166100 |
|
Mobile No.: |
91-9820027661 (Ms. Simaran) |
|
Fax No.: |
91-22-28387039 |
|
E-Mail : |
|
|
|
|
|
Factory1 : |
Plot No.401, GIDC, 3rd Phase, Umbergaon – 396171, Gujarat,
India |
|
Tel. No.: |
91-260-2561049 |
|
Fax No.: |
91-260-2561050 |
|
E-Mail : |
|
|
|
|
|
Factory2 : |
Plot No. 2, Survey No. 108/8P, Khadoli, Silvassa, Gujarat, India |
|
Tel. No.: |
91-260-6452436 |
|
E-Mail : |
DIRECTORS
As on: 28.09.2012
|
Name : |
Mr. Rakesh Dungarmal Tainwala |
|
Designation : |
Director |
|
Address : |
71, Kalpataru, Nutan Laxmi Society, JVPDS, Juhu, Vile Parle (W),
Mumbai-400049, |
|
Date of Birth/Age : |
05.05.1968 |
|
Date of Appointment : |
05.08.2008 |
|
DIN No.: |
00237671 |
|
|
|
|
Name : |
Amishi Rakesh Tainwala |
|
Designation : |
Director |
|
Address : |
71, Kalpataru, Nutan Laxmi Society, JVPDS, Juhu, Vile Parle (W),
Mumbai-400049, |
|
Date of Birth/Age : |
06.04.1974 |
|
Date of Appointment : |
20.02.2003 |
|
DIN No.: |
00240882 |
|
|
|
|
Name : |
Mr. Ashok Kumar Mukherjee |
|
Designation : |
Director |
|
Address : |
204-201, Samir Co Operative Housing Society, Seven Bunglows, Andheri
(East), Mumbai-400053, |
|
Date of Birth/Age : |
14.10.1954 |
|
Date of Appointment : |
02.05.2008 |
|
DIN No.: |
00293592 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 28.09.2012
|
Names of Shareholders |
No. of Shares |
|
Rakesh Dungarmal Tainwala |
1026000 |
|
Dungarmal Gangadhar Tainwala |
2000 |
|
Amishi Rakesh Tainwala |
1027000 |
|
Katyayan Construction and Developers Private Limited, |
1480000 |
|
Rakesh Dungarmal HUF |
1425000 |
|
|
|
|
Total |
4960000 |
As on: 28.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
29.83 |
|
Directors or relatives of Directors |
70.17 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and Suppliers of Luggage, Polycontainers, and Sheets. |
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Luggage (Bags) |
Nos. |
700000 |
471831 |
|
Components of Coolers and Luggage |
Nos. |
NA |
4071066 |
|
Plastic Sheet |
Nos. |
NA |
34424 |
|
Coolers |
Kgs, Nos. |
120000 |
131478 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rungta and Associates Chartered Accountant |
|
Address : |
504, Rainbow Chembers, |
|
Tel. No.: |
91-22-28625153 |
|
Mobile No.: |
91-9820354138 |
|
PAN No. : |
ADHPR0232P |
|
|
|
|
Enterprises in which key management personnel and/or their relatives
have significant influence : |
|
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4960000 |
Equity Shares |
Rs.10/- each |
Rs.49.600 Millions |
|
|
|
|
|
Reconciliation of number
of equity shares outstanding at the beginning and at the end of the year
|
Equity Shares |
March 31, 2012 |
|
|
|
No. of Shares |
Rs. In Millions |
|
Shares Outstanding At the beginning of the year Period |
4960000 |
49.600 |
|
Issued during the Period |
-- |
-- |
|
|
|
|
|
Outstanding at the end of the Period |
4960000 |
49.600 |
Details of share holding more than 5% shares in the company
|
Name of the
shareholder |
No. of Shares |
% of holding in the class |
|
Rakesh Tainwala |
1026000 |
20.69 |
|
Amishi Tainwala |
1027000 |
20.71 |
|
Katyayan Construction and Developers Private Limited, India |
1480000 |
29.54 |
|
Rakesh Dungarmal HUF |
1425000 |
28.73 |
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 |
|
49.600 |
49.600 |
|
(b) Reserves & Surplus |
|
71.024 |
50.776 |
|
(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 |
|
79.481 |
75.260 |
|
(b) Deferred tax liabilities (Net) |
|
17.938 |
14.638 |
|
(c) Other long term
liabilities |
|
2.389 |
2.389 |
|
(d) long-term
provisions |
|
1.348 |
0.913 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term
borrowings |
|
64.598 |
80.494 |
|
(b) Trade payables |
|
45.039 |
56.784 |
|
(c) Other current
liabilities |
|
44.714 |
26.848 |
|
(d) Short-term
provisions |
|
0.000 |
0.000 |
|
TOTAL |
|
376.131 |
357.702 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
215.865 |
176.459 |
|
(ii) Intangible Assets |
|
0.016 |
0.022 |
|
(iii) Capital
work-in-progress |
|
0.000 |
25.279 |
|
(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 |
|
9.146 |
3.582 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
68.065 |
79.163 |
|
(c) Trade receivables |
|
64.484 |
54.291 |
|
(d) Cash and cash
equivalents |
|
3.251 |
3.029 |
|
(e) Short-term loans
and advances |
|
15.201 |
15.341 |
|
(f) Other current
assets |
|
0.103 |
0.536 |
|
TOTAL |
|
376.131 |
357.702 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
49.600 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
32.875 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
82.475 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
95.027 |
|
|
2] Unsecured Loans |
|
|
59.521 |
|
|
TOTAL BORROWING |
|
|
154.548 |
|
|
DEFERRED TAX LIABILITIES |
|
|
10.679 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
247.702 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
152.121 |
|
|
Capital work-in-progress |
|
|
11.056 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
57.230 |
|
|
Sundry Debtors |
|
|
71.534 |
|
|
Cash & Bank Balances |
|
|
1.133 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
20.211 |
|
Total
Current Assets |
|
|
150.108 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
57.767 |
|
|
Other Current Liabilities |
|
|
7.056 |
|
|
Provisions |
|
|
0.760 |
|
Total
Current Liabilities |
|
|
65.583 |
|
|
Net Current Assets |
|
|
84.525 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
247.702 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
403.482 |
462.804 |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
29.401 |
26.682 |
20.842 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
9.506 |
8.487 |
6.934 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
19.895 |
18.195 |
13.908 |
|
|
|
|
|
|
|
|
|
|
TAX ADJUSTMENT
FOR EARLIER YEARS |
0.352 |
(0.294) |
-- |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
50.776 |
32.875 |
18.972 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
71.024 |
50.776 |
32.875 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value Of Goods Sold |
24.733 |
|
|
|
|
|
Rent Received |
0.644 |
NA |
NA |
|
|
|
Design and Development Charges |
2.676 |
|
|
|
|
TOTAL EARNINGS |
28.053 |
NA |
NA
|
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Plant and Machinery |
5.556 |
15.494 |
11.049 |
|
|
|
Raw Materials |
51.968 |
41.277 |
12.050 |
|
|
TOTAL IMPORTS |
57.524 |
56.771 |
23.099 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.08 |
3.62 |
3.04 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PBT/Sales |
(%) |
7.29 |
5.76 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.42
|
5.53 |
4.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.26 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.20
|
1.55 |
1.87 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.71
|
1.75 |
2.29 |
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 |
Yes |
|
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 two 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 |
BANKER CHARGES
REPORT AS PER REGISTRY:
|
Corporate identity
number of the company |
U28129MH2003PTC139261 |
|
Name of the
company |
ABHISHRI
PACKAGING PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Tainwala House, Road No. 18, MIDC, Andheri (E), Mumbai-400093,
Maharashtra, India E-Mail simran@tainwala.in |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10106633 |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel W,
Mumbai-400013, Maharashtra, India E-Mail RBBform8@hdfcbank.com
|
|
Nature of
instrument creating charge |
Memorandum
recording past transactions of creation of Mortgage by Delivery of Title
Deeds. |
|
Date of
instrument Creating the charge |
26.09.2012 |
|
Amount secured by
the charge |
Rs. 295.600 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. Term
of Payment: Working Capital facility shall be repayable on demand. Term Loan facility shall repayable in suitable
installments. Margin: As may be
stipulated by the Bank from time to time. Extent and
operation of the charge: The Company accorded & gave oral consent to
Bank to continue to hold and retain the title deeds (by way of Constructive
delivery) in respect of its immovable properties as stated under Item No.15
below, as security for repayment of Rs.295.600 millions together with
interest, costs, charges, expenses and other moneys due and payable by the
Company to the Bank. Others: Following
facilities granted by Bank to the Company: Abhishri
Packaging Private Limited: Overall facility Limit under MFA of Rs.155.000
Millions, TL 1 of Rs.50.000 Millions, TL 2 of Rs.5.000 Millions, TL 3 of
Rs.15.000 Millions, TL 4 of Rs.26.000 Millions, TL 5 of Rs.15.000
Millions, TL 6 of Rs.26.600 Millions,
PSR of Rs.3.000 Millions. |
|
Short particulars
of the property charged (Including location of the property) |
|
|
Date of last modification prior to the present modification |
10.02.2012 |
|
Particulars of the present modification |
The
charge shall now stand increased from Rs.272.600 Millions to Rs. 295.600
Millions, in favour the Bank against the equitable mortgage of immovable
properties being lying and situated at Valsad (Gujarat) and Silvasa
(Gujarat). |
UNSECURED LOAN:
|
Particulars |
31.03.2012 [Rs.
in Millions] |
31.03.2011 [Rs.
in Millions] |
|
Long Term
Borrowing |
|
|
|
From Related
Parties |
|
|
|
(Rate of Interest 9% Previous Year (9%) |
40.189 |
40.189 |
|
|
|
|
|
Short Term
Borrowing |
|
|
|
Loans Repayable
on Demand |
|
|
|
A Body Corporate |
-- |
10.000 |
|
|
|
|
|
Loans and
Advances from Related Parties |
|
|
|
Directors |
-- |
0.875 |
|
Others |
-- |
6.426 |
|
Total |
40.189 |
57.490 |
OPERATIONS:
During the year the turnover of the company
was Rs. 403.482 Millions as compared to a turnover of Rs. 462.804 Millions during
the previous year. The net profit after tax was Rs. 19.895 Millions.
FIXED ASSETS:
- Building
- Plant and
Machinery
- Electrical
Installation
- Furniture and
Fixtures
- Vehicles
- Office
Equipments
- Dies and
Moulds
- Computers
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] 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.58.45 |
|
|
1 |
Rs.91.60 |
|
Euro |
1 |
Rs.77.91 |
INFORMATION DETAILS
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.