MIRA
INFORM REPORT
|
Report Date : |
28.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
MAXGROW TRADE SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
6A, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
05.08.2008 |
|
|
|
|
Com. Reg. No.: |
21-128225 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 89.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909WB2008PTC128225 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Steel Scrap |
|
|
|
|
No. of Employees
: |
8 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
profitability of the company seems to be low. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow but 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BB- (Long Term Rating) |
|
Rating Explanation |
Having moderate risk of default regarding timely servicing of
financial obligation |
|
Date |
January 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.
INFORMATION PARTED BY
|
Name : |
Mr. Pawan |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-66067000 |
|
Date : |
27.06.2013 |
LOCATIONS
|
Registered Office : |
6A, Raja Sbodh Mulick Square, Suit No.207, Near Hind Cinema, Above
Bank of Baroda, Kolkata-700013, West Bengal, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Admin Office : |
14-A, Paper Box Estate, Mahakali Caves Road, Andheri (East),
Mumbai-400093, Maharashtra, India |
|
Tel. No.: |
91-22-66067000 / 26879677 / 26879688 |
|
Fax No.: |
91-22-66067070 |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Rahul Kumar Saraf |
|
Designation : |
Director |
|
Address : |
Flat No.1205/1206, Building No.14-C, Sierra Tower, Lokhandwala
Township, Akruli Road, Kandivali Road, Kandivali (East), Mumbai-400101,
Maharashtra, India |
|
Date of Birth/Age : |
07.08.1984 |
|
Date of Appointment : |
05.08.2008 |
|
PAN No.: |
AXYWPS8240B |
|
DIN No.: |
01494992 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U51225MH2008PTC178046 |
IMEXGO
PRIVATE LIMITED |
Director |
21-01-08 |
21-01-08 |
Active |
NO |
|
2 |
U51909WB2008PTC128225 |
MAXGROW
TRADE SOLUTIONS PRIVATE LIMITED. |
Director |
05-08-08 |
05-08-08 |
Active |
NO |
|
3 |
U92412MH2011PTC218177 |
BLACK
PEPPER ENTERTAINMENT PRIVATE LIMITED |
Director |
01-06-11 |
01-06-11 |
Active |
NO |
|
4 |
U14107RJ2012PTC037505 |
RBS
MINING PRIVATE LIMITED |
Director |
02-01-12 |
02-01-12 |
Active |
NO |
|
5 |
U52100MH2013PTC241232 |
SOUTH
ASIAN OLEO-CHEMICALS PRIVATE LIMITED |
Director |
21-03-13 |
21-03-13 |
Active |
NO |
|
6 |
U51101WB1992PTC055769 |
PAMAJ
TRADE COMPANY PRIVATE LIMITED |
Director |
03-04-13 |
03-04-13 |
Active |
NO |
|
Name : |
Mr. Rajendra Prasad Saraf |
|
Designation : |
Director |
|
Address : |
Flat No.1205/1206, Building No.14-C, Sierra Tower, Lokhandwala
Township, Akruli Road, Kandivali Road, Kandivali (East), Mumbai-400101,
Maharashtra, India |
|
Date of Birth/Age : |
15.02.1954 |
|
Date of Appointment : |
01.04.2009 |
|
PAN No.: |
AUHPS2647C |
|
DIN No.: |
02729545 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U51909WB2008PTC128225 |
MAXGROW
TRADE SOLUTIONS PRIVATE LIMITED. |
Director |
01-04-09 |
01-04-09 |
- |
Active |
NO |
|
2 |
U51225MH2008PTC178046 |
IMEXGO
PRIVATE LIMITED |
Director |
07-02-11 |
07-02-11 |
- |
Active |
NO |
|
3 |
U92412MH2011PTC218177 |
BLACK
PEPPER ENTERTAINMENT PRIVATE LIMITED |
Director |
01-06-11 |
01-06-11 |
07-09-11 |
Active |
NO |
|
4 |
U52100MH2013PTC241232 |
SOUTH
ASIAN OLEO-CHEMICALS PRIVATE LIMITED |
Director |
21-03-13 |
21-03-13 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Pawan |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Rahul Kumar Saraf |
767500 |
|
Rajendra Prasad Saraf |
750000 |
|
Roshni Saraf |
3000000 |
|
Kiran Devi Saraf |
2257500 |
|
Bikash Saraf |
1810000 |
|
Dinesh Choudhary |
57500 |
|
Rahul Kumar Saraf (HUF) |
52500 |
|
Rajendra Prasad Saraf (HUF) |
5000 |
|
Sadabahar Computech, India |
125000 |
|
Shivsaksham Properties, India |
75000 |
|
TOTAL
|
8900000 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Steel Scrap |
|
|
|
|
Imports : |
|
|
Products : |
Steel Scrap |
|
Countries : |
·
South Africa ·
Dubai |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit (Depends) |
|
|
|
|
Purchasing : |
Cash, Credit (Depends) |
GENERAL INFORMATION
|
Customers : |
·
Wholesalers |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
8 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
·
Bank of India, Bank of India Building, Ground Floor,
28, S V Road, Andheri (West), Mumbai, Maharashtra, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B N Kedia and Company Chartered Accountant |
|
Address : |
201, Neelkanth Commercial Centre, Sahar Road, Chakala, Andheri (East),
Mumbai-400099, Maharashtra, India |
|
PAN No.: |
AABFB4343G |
|
|
|
|
Related Parties : |
·
Black Pepper Entertainment Private Limited ·
Imexgo Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9000000 |
Equity Shares |
Rs.10/- each |
Rs. 90.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8900000 |
Equity Shares |
Rs.10/- each |
Rs. 89.000
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 |
|
89.000 |
60.000 |
|
(b) Reserves & Surplus |
|
38.914 |
3.429 |
|
(c) Money
received against share warrants |
|
0.000 |
1.500 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
127.914 |
64.929 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
6.405 |
5.030 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
31.489 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
37.894 |
5.030 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
184.482 |
44.092 |
|
(b) Trade payables |
|
137.710 |
16.523 |
|
(c) Other current liabilities |
|
0.648 |
0.976 |
|
(d) Short-term provisions |
|
3.445 |
1.610 |
|
Total Current Liabilities (4) |
|
326.285 |
63.201 |
|
|
|
|
|
|
TOTAL |
|
492.093 |
133.160 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
1.401 |
0.438 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
25.296 |
0.046 |
|
(c) Deferred tax assets (net) |
|
0.060 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
26.757 |
0.484 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
318.209 |
56.491 |
|
(c) Trade receivables |
|
93.997 |
62.321 |
|
(d) Cash and cash
equivalents |
|
42.687 |
7.695 |
|
(e) Short-term loans
and advances |
|
10.443 |
6.169 |
|
(f) Other current
assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
465.336 |
132.676 |
|
|
|
|
|
|
TOTAL |
|
492.093 |
133.160 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
10.000 |
|
|
3] Reserves & Surplus |
|
|
0.903 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
11.003 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
15.614 |
|
|
TOTAL BORROWING |
|
|
15.614 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
26.617 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.579 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.100 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
66.240 |
|
|
Sundry Debtors |
|
|
39.188 |
|
|
Cash & Bank Balances |
|
|
(4.311) |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.024 |
|
Total
Current Assets |
|
|
101.141 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
34.284 |
|
|
Other Current Liabilities |
|
|
40.474 |
|
|
Provisions |
|
|
0.445 |
|
Total
Current Liabilities |
|
|
75.203 |
|
|
Net Current Assets |
|
|
25.938 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
26.617 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
206.585 |
|
|
|
Other Income |
|
|
3.571 |
|
|
|
TOTAL (A) |
1186.132 |
637.641 |
210.156 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
204.525 |
|
|
|
Personnel Cost |
|
|
1.167 |
|
|
|
Administrative Expenses |
|
|
2.842 |
|
|
|
TOTAL (B) |
1167.329 |
632.376 |
208.534 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
18.803 |
5.265 |
1.622 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
9.077 |
1.380 |
0.122 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
9.726 |
3.885 |
1.500 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.302 |
0.194 |
0.152 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
9.424 |
3.691 |
1.348 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.940 |
1.165 |
0.445 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
6.484 |
2.526 |
0.903 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.73 |
-- |
-- |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
2450.000 |
|
|
|
|
|
The above information has been parted by Mr. Pawan.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.55
|
0.40 |
0.43 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
0.65 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.02
|
2.77 |
1.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
0.06 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.49
|
0.76 |
1.42 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.43
|
2.10 |
1.34 |
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 |
Yes |
|
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and Advances form Directors |
0.064 |
0.000 |
|
Other Loans and Advances |
0.127 |
1.591 |
|
|
|
|
|
TOTAL |
0.191 |
1.591 |
NOTE
Registered office has been shifted from Shanti Niketan Building, 8, Camac
Street, Kolkata-700017, West Bengal, India to the present address w.e.f.
14.09.2010
PERFORMANCE
OUTLINE
The company has
reported a gross turnover of Rs.1186.100 Millions, which is the highest
turnover ever achieved by the Company since its incorporation compared to Rs.
637.600 Millions in the immediately preceding previous year registering a
growth of almost double turnover over the previous year.
The Company earned
a net profit after tax of Rs.6.484 Millions for the financial year ended 31st
March, 2012 as compared to the profit after tax of Rs.2.526 Millions in the
immediately preceding previous year.
FORM 8
|
Corporate
identity number of the company |
U51909WB2008PTC128225 |
|
Name of the
company |
MAXGROW TRADE
SOLUTIONS PRIVATE LIMITED. |
|
Address of the
registered office or of the principal place of business in |
6A, Raja Sbodh Mulick Square, Suit No.207, Near Hind Cinema, Above
Bank of Baroda, Kolkata-700013, West Bengal, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10273877 |
|
Type of charge |
·
Book
debts ·
Movable
property (not being pledge) ·
Others |
|
Particular of
charge holder |
Bank of India, Bank of India Building, Ground Floor, 28, S V Road,
Andheri (West), Mumbai, Maharashtra, India
|
|
Nature of
instrument creating charge |
Supplemental Deed
of Hypothecation. |
|
Date of
instrument Creating the charge |
10.11.2012 |
|
Amount secured by
the charge |
Rs. 195.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest CC:5.50% over
base rate presently 16.25% p.a. with monthly rests, LC and BG: as per extant
guidelines or at such other rate/s as may be notified by the bank from time
to time. Terms of repayment On Demand or as
stipulated by the bank from time to time. Margin Stock=25%,Book
Debts 40% ,LC and B.G.=25% by way of TDR and/or as stipulated by the bank from
time to time. Extent and operation of the charge First Charge
(Present and Future): Total Limit Rs.195.000 Millions. Revised Facilities and
Limits: (1) CC (Hypo of Stocks and Book Debts) Rs.80.000 Millions, (2) L/C DP/DA
90 Days Rs.110.000 Millions, (I/F) Buyer's Credit Rs.(110.000 Millions), (3)
Bank Guarantee (I) Rs.5.000 Millions - Aggregate Rs.195.000 Millions. and/ or
as stipulated by the bank from time to time. Other As stipulated by
the bank from time to time and as per Agreement Attached and as per Sanction
Letter of the Bank. |
|
Short particulars
of the property charged (Including location of the property) |
First charge
(present and future on following assets) – (1)
Hypothecation
of all products / goods / inventories / stocks / stores / tools kept at
borrower premises / godown / factories / places etc at Andheri (East) or in
transit or wherever else Including brought under L/C. (2)
Hypothecation
of all Book Debts And Receivables (3)
Hypothecation
of all Current and Movable Assets of the company. (4)
Charge
on Assets/Properties as per Sanction Letter of the Bank. |
|
Date of
instrument modifying the charge |
02.12.2011 |
|
Particulars of
the present modification |
By this modification
limit is increased from Rs.165.000 Millions to Rs.195.000 Millions. Revised
Facilities and Limits: (1) CC (Hypothecation of Stocks and Book Debts)
Rs.80.000 Millions, (2) L/C DP/DA 90 Days Rs.110.000 Millions, (I/F) Buyer's
Credit Rs.(110.000 Millions), (3) Bank Guarantee (I) Rs.5.000 Millions -
Aggregate Rs.195.000 Millions. |
FIXED ASSETS
·
Air Conditioner
·
Computer and Printer
·
Furniture and Fixtures
·
Office Equipment
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. 60.58 |
|
|
1 |
Rs. 92.91 |
|
Euro |
1 |
Rs. 78.94 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
36 |
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.