MIRA
INFORM REPORT
|
Report Date : |
28.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHREE SANT KRIPA APPLIANCES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
7, Akshay Complex, Off |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
12.05.2006 |
|
|
|
|
Com. Reg. No.: |
25-128465 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 210.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109PN2006PTC128465 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNES18226F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJCS9896A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Distributors of Electronic Goods and Mobile Devices |
|
|
|
|
No. of Employees
: |
1400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Working Capital Facilities: BB+ (Suspended) |
|
Rating Explanation |
Moderate risk of default |
|
Date |
September 2011 |
Reason for suspension: Absence of the requisite information from the
company.
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. Rohan Uhora |
|
Designation : |
Legal Department |
|
Contact No.: |
91-20-40131000 |
|
Date : |
27.06.2013 |
LOCATIONS
|
Registered Office : |
7, Akshay Complex, Off Dhole Patil Road, Pune - 411 001, Maharashtra,
India |
|
Tel. No.: |
91-20-26160411 / 26160422 / 40131000 |
|
Fax No.: |
91-20-26134837 |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
|
|
|
|
Branch Office : |
Plot No. 72, Sector 19, Near APMC Market, Vashi, Navi Mumbai – 400 705, Maharashtra, India |
|
Tel. No.: |
91-22-40384900 |
|
Fax No.: |
91-22-40384999 |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Rajesh Jeevan Uttamchandani |
|
Designation : |
Director |
|
Address : |
A-6, Clover Garden, Neylore Road, Pune - 411011, Maharashtra, India |
|
Date of Birth/Age : |
08.01.1964 |
|
Qualification : |
B. E. in Mechanical Engineering |
|
Date of Appointment : |
12.05.2006 |
|
DIN No.: |
00139105 |
|
PAN No.: |
AABPU5362J |
|
|
|
|
Name : |
Mr. Govind Jeevan Uttamchandani |
|
Designation : |
Director |
|
Address : |
A-6, Clover Garden, Neylore Road, Pune – 411011, Maharashtra, India |
|
Date of Birth/Age : |
01.05.1961 |
|
Qualification : |
B. Tech Chemical Engineering, M.B.A |
|
Date of Appointment : |
12.05.2006 |
|
DIN No.: |
00139239 |
|
Pan No.: |
AABPU5180E |
KEY EXECUTIVES
|
Name : |
Mr. Rohan Uhora |
|
Designation : |
Legal Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Rajesh Uttamchandani |
|
2354205 |
|
Govind Uttamchandani |
|
2217955 |
|
Hardevi Uttamchandani |
|
1831669 |
|
Govind Uttamchandani (HUF) |
|
3616665 |
|
Rajesh Uttamchandani (HUF) |
|
3616665 |
|
SSK Infotech Private Limited, India |
|
700000 |
|
Bagh Bahar Appliances Private Limited, India |
|
297500 |
|
Meena Uttamchandani |
|
1923205 |
|
Sunita Uttamchandani |
|
1923205 |
|
Honey Uttamchandani |
|
1260000 |
|
Gitika Uttamchandani |
|
630000 |
|
Gurumukh Uttamchandani |
|
630000 |
|
Iyotsna Uttamchandani |
|
630000 |
|
|
|
|
|
Total |
|
21631069 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
4.62 |
|
Directors or relatives of Directors |
95.38 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributors of Electronic Goods and Mobile Devices |
|
|
|
|
Imports : |
|
|
Products : |
Mobile Accessories |
|
Countries : |
South Korea |
|
|
|
|
Terms : |
|
|
Selling : |
Credit |
|
|
|
|
Purchasing : |
Credit and Depend |
GENERAL INFORMATION
|
Customers : |
Others |
|||||||||||||||||||||
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|
|
|||||||||||||||||||||
|
No. of Employees : |
1400 (Approximately) |
|||||||||||||||||||||
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|
|||||||||||||||||||||
|
Bankers : |
·
Bank of India ·
HDFC Bank ·
ABN Amro Bank ·
City Bank ·
ICICI Bank ·
Union Bank of India ·
Kotak Mahindra Bank, Veerwadi Camp Branch, Pune ·
Standard Chartered Bank, Credit Risk Control,
Narain Manzil, 23 Barakhamba, New Delhi-110001, India ·
State Bank of India, Small and Medium Enterprise
Branch, Backbay Reclamation, Nariman Point Branch, Mumbai - 400021,
Maharashtra, India |
|||||||||||||||||||||
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|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kango Digambar Ganesh Chartered Accountant |
|
Address : |
Sadashiv Peth, Nikhil Pride, 4th Floor, |
|
PAN No.: |
ACDPK5223A |
|
|
|
|
Enterprises which
are owned, or have
significant influence of or are
partners with Key management personnel and their
relatives: |
· SSK InfoTech Private Limited, India (CIN: U72900PN2006PTC129119) · Bagh Bahar Appliances Private Limited, India (CIN: U29305PN1997PTC108822) · SSK Fruits and Farms Private Limited, India (CIN: U51909PN2011PTC139528) · Ssk Developers Private Limited, India (CIN: U45204PN2008PTC132246) · Maverick Mobile Solutions Private Limited, India (CIN: U72900PN2007PTC130711) · Blue Square Realities Private Limited, India (CIN: U70102PN2006PTC128902) · Gurunanak Marketing · Shree Sant Kripa Educational Research Institution, India · Shri Sant Kripa Infrastructure · SSK Retails Private Limited, India · CIN: U74900PN2008PTC132627 · Sant Shiromani Electronics · SSK Kanak Developers and Property Management · SSK Developers |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs. 300.000 Millions |
|
|
|
|
|
|
|
Total |
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
21631069 |
Equity Shares |
Rs.10/- each |
Rs. 216.311 Millions |
|
|
|
|
|
|
|
Total |
|
|
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs. 300.000 Millions |
|
|
|
|
|
|
|
Total |
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20999999 |
Equity Shares |
Rs.10/- each |
Rs. 210.000 Millions |
|
|
|
|
|
|
|
Total |
|
|
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 |
|
210.000 |
60.000 |
|
(b) Reserves & Surplus |
|
708.562 |
538.609 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
111.628 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1030.190 |
598.609 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
17.545 |
8.899 |
|
(b) Deferred tax liabilities (Net) |
|
3.592 |
0.891 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
21.137 |
9.790 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
2300.056 |
1261.974 |
|
(b) Trade payables |
|
0.000 |
0.000 |
|
(c) Other current liabilities |
|
439.347 |
489.677 |
|
(d) Short-term provisions |
|
54.790 |
20.736 |
|
Total Current Liabilities (4) |
|
2794.193 |
1772.387 |
|
|
|
|
|
|
TOTAL |
|
3845.520 |
2380.786 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
45.960 |
32.916 |
|
(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 |
|
0.001 |
0.001 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
20.560 |
6.741 |
|
Total Non-Current Assets |
|
66.521 |
39.658 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
1463.586 |
1198.317 |
|
(c) Trade receivables |
|
2106.863 |
931.870 |
|
(d) Cash and cash equivalents |
|
132.900 |
206.120 |
|
(e) Short-term loans and
advances |
|
0.000 |
0.000 |
|
(f) Other current assets |
|
75.650 |
4.821 |
|
Total Current Assets |
|
3778.999 |
2341.128 |
|
|
|
|
|
|
TOTAL |
|
3845.520 |
2380.786 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
56.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
220.812 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
276.812 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
391.267 |
|
|
2] Unsecured Loans |
|
|
19.903 |
|
|
TOTAL BORROWING |
|
|
411.170 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
687.982 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
71.766 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
363.610
|
|
|
Sundry Debtors |
|
|
398.209
|
|
|
Cash & Bank Balances |
|
|
110.491
|
|
|
Other Current Assets |
|
|
3.921
|
|
|
Loans & Advances |
|
|
2.411
|
|
Total
Current Assets |
|
|
878.642 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
250.436
|
|
|
Other Current Liabilities |
|
|
0.000
|
|
|
Provisions |
|
|
11.990
|
|
Total
Current Liabilities |
|
|
262.426 |
|
|
Net Current Assets |
|
|
616.216
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
687.982 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
34299.718 |
21620.823 |
12411.502 |
|
|
|
Other Income |
279.034 |
1480.379 |
1074.836 |
|
|
|
TOTAL (A) |
34578.752 |
23101.202 |
13486.338 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
13190.691 |
|
|
|
Operating expenses |
|
|
178.520 |
|
|
|
TOTAL
(B) |
33965.195 |
22755.533 |
13369.211 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
613.557 |
345.669 |
117.127 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
256.993 |
129.443 |
34.698 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
356.564 |
216.226 |
82.429 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.910 |
3.038 |
2.811 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
352.654 |
213.188 |
79.618 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
32.701 |
51.394 |
13.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
319.953 |
161.797 |
66.118 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
15.24 |
26.97 |
12.71 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
50000.000 |
The above information has been parted by Mr. Rohan Uhora (Legal
Department)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.93
|
0.70 |
0.49 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.03
|
0.98 |
0.64 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.17
|
8.95 |
9.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34
|
0.36 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.25
|
2.13 |
1.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35
|
1.32 |
3.35 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
Sundry Creditors |
0.000 |
0.000 |
250.436 |
|
|
|
|
|
|
Total |
0.000 |
0.000 |
250.436 |
|
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
four 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
|
PARTICULARS |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Term loans from banks |
1.122 |
0.000 |
|
Term loans from others |
3.869 |
0.099 |
|
Loans and advances from related parties |
5.045 |
4.205 |
|
Short-term
borrowings |
|
|
|
Term loans |
25.845 |
20.870 |
|
|
|
|
|
Total |
35.881 |
25.174 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U32109PN2006PTC128465 |
|
Name of the company |
SHREE SANT KRIPA APPLIANCES PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
7, Akshay Complex, Off Dhole Patil Road, Pune 411 001, Maharashtra,
India |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10214468 |
|
Type of charge |
Book debts Movable property (not being pledge) |
|
Particular of charge holder |
State Bank of India, Small and Medium Enterprise Branch, Backbay
Reclamation, Nariman Point Branch, Mumbai - 400021, Maharashtra, India |
|
Nature of instrument creating charge |
Second Supplemental Joint Deed of Hypothecation |
|
Date of instrument Creating the charge |
22.03.2013 |
|
Amount secured by the charge |
Rs.5000.000 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest Pricing for CC@2.75% above base rate, current effective rate
12.45%p.a. as applicable to CRA rating of SB-5. Terms of Repayment As per sanction term Margin Cash Credit
Margin Stock 25% Receivables (cover 90days)
40% Letter of Credit 15% Bank Guarantee
15% Extent and Operation of the charge To the extent of amount borrowed. Others Banks=
SBI BOB SCB BOI HDFC Allahabad
Corporation Fund Based= 1680.000 Millions 600.000 Millions 700.000 Millions
670.000 Millions 250.000 Millions
150.000 Millions 200.000 Millions
Non Fund Based= 250.000 Millions
0.000 Millions 0.000 Millions 0.000 Millions 0.000 Millions 250.000 Millions 250.000 Millions Total= 1930.000 Millions
600.000 Millions 700.000 Millions
670.000 Millions 250.000 Millions 400.000 Millions 450.000 Millions |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
The whole current assets, stocks of raw materials, stock in process,
Semi-Finished and Finished Goods, Stock of Trading goods stored at
Godown/rented Godowns/in transit Stored and Spare not related to Plant and
Machinery bills receivable, actionable claims and book debts and all other
movable fixed assets, both present and future etc |
|
Date of instrument modifying the charge |
25.06.2012 |
|
Particulars of the present modification |
With current modification, the limit is enhanced from Rs. 3500.000
Millions to Rs. 5000.000 Millions, this consortium financing facility is led
by State Bank of India (total limit Rs. 1930.000 Millions) and other
consortium members are Bank of Baroda (total limit Rs. 600.000 Millions),
Standard Chartered Bank (total limit Rs. 700.000 Millions), Bank of India
(total limit Rs. 670.000 Millions), HDFC Bank (total limit Rs. 250.000
Millions), Allahabad Bank (total limit Rs. 400.000 Millions) and Corporation
Bank (total limit Rs. 450.000 Millions). |
FIXED ASSETS:
Tangible assets
- Buildings
- Other building
- Plant and equipment
- Other plant and equipment
- Furniture and Fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer
equipments
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.60.59 |
|
|
1 |
Rs.92.92 |
|
Euro |
1 |
Rs.78.94 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
5 |
|
--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 |
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 |
|
45 |
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.