|
Report Date : |
02.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
Sonu Cargo MOVERS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
412 J M Rebello Chawlkatrak Road, opposite Auxilium, Highsch Wadala
(W), Mumbai – 400031, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
02.11.2000 |
|
|
|
|
Com. Reg. No.: |
129446 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.12.120 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63013MH2000PTC129446 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS27116F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Business of Transporters and Cargo Movers |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 267440 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The management
of the company has failed to filed its latest financials i.e. 2011-2012 with
the government department from the previous year financials. It seems that
the profit margin of the company appears to low. However, trade relations are
reported as fair. Business is active. Payments are unknown. The company can
be considered for business dealings with some 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
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 : |
412 J M Rebello Chawlkatrak Road, opposite Auxilium, Highsch Wadala
(W), Mumbai – 400031, Maharashtra, India |
|
Tel. No.: |
91-22-67122220 |
|
E-Mail : |
SOLE PROPRIETOR/PARTNERS/DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Ashok Omprakash Chaudhary |
|
Designation : |
Director |
|
Address : |
26, Babulnath Road, Anand Mahal, 1st Floor, Mumbai - 400 007.
Maharashtra, India |
|
Date of Birth/Age : |
14.12.1975 |
|
Date of Appointment : |
02.11.2000 |
|
DIN No.: |
00017169 |
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 |
U63013MH2000PTC129446
|
SONU CARGO MOVERS
(INDIA) PRIVATE LIMITED |
Director |
02/11/2000 |
02/11/2000 |
- |
Active |
NO |
|
2 |
U45203MH2007PTC174496
|
SONU
INFRASTRUCTURES PRIVATE LIMITED |
Director |
26/09/2007 |
26/09/2007 |
- |
Active |
NO |
|
3 |
U45400MH2008PTC179481
|
SONU CONTRACTORS
& DEVELOPERS PRIVATE LIMITED |
Director |
27/02/2008 |
27/02/2008 |
- |
Active |
NO |
|
4 |
U93030MH2011PTC216438
|
SONU AUTOMOTIVE
INDIA PRIVATE LIMITED |
Director |
19/04/2011 |
19/04/2011 |
- |
Active |
NO |
|
5 |
U63090MH2012PTC235041
|
SCM INVENTURE
PRIVATE LIMITED |
Director |
28/08/2012 |
28/08/2012 |
- |
Active |
NO |
|
Name : |
Mr. Jayesh Shankarlal Karwa |
|
Designation : |
Director |
|
Address : |
38 / 9, Sahakar Nagar, Wadala, Naigaon, X Road, Mumbai - 400031, Maharashtra. |
|
Date of Birth/Age : |
10.10.1980 |
|
Date of Appointment : |
02.11.2000 |
|
DIN No.: |
00017648 |
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 |
U63013MH2000PTC129446
|
SONU CARGO MOVERS
(INDIA) PRIVATE LIMITED |
Director |
02/11/2000 |
02/11/2000 |
- |
Active |
NO |
|
2 |
U45203MH2007PTC174496
|
SONU
INFRASTRUCTURES PRIVATE LIMITED |
Director |
26/09/2007 |
26/09/2007 |
- |
Active |
NO |
|
3 |
U45400MH2008PTC179481
|
SONU CONTRACTORS
& DEVELOPERS PRIVATE LIMITED |
Director |
27/02/2008 |
27/02/2008 |
- |
Active |
NO |
|
4 |
U93030MH2011PTC216438
|
SONU AUTOMOTIVE
INDIA PRIVATE LIMITED |
Director |
19/04/2011 |
19/04/2011 |
- |
Active |
NO |
|
5 |
U63090MH2012PTC235041
|
SCM INVENTURE
PRIVATE LIMITED |
Director |
28/08/2012 |
28/08/2012 |
- |
Active |
NO |
|
Name : |
Mr. Shankarlal U. Karwa |
|
Designation : |
Director |
|
Address : |
38 / 9, Sahakar Nagar, Wadala, Naigaon, X Road, Mumbai - 400 031.
Maharashtra. |
|
Date of Birth/Age : |
26.11.1939 |
|
Date of Appointment : |
02.11.2000 |
|
DIN No.: |
00017673 |
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 |
U63013MH2000PTC129446
|
SONU CARGO MOVERS
(INDIA) PRIVATE LIMITED |
Director |
02/11/2000 |
02/11/2000 |
- |
Active |
NO |
|
Name : |
Mr. Omprakash R. Chaudhary |
|
Designation : |
Director |
|
Address : |
26, Babulnath Road, Anand Mahal, 1st Floor, Mumbai – 400
007. Maharashtra. |
|
Date of Birth/Age : |
11.05.1942 |
|
Date of Appointment : |
02.11.2000 |
|
DIN No.: |
00017272 |
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 |
U63013MH2000PTC129446
|
SONU CARGO
MOVERS (INDIA) PRIVATE LIMITED |
Director |
02/11/2000 |
02/11/2000 |
- |
Active |
NO |
|
Name : |
Gandhi Meghji Jivanchandra Indian |
|
Designation : |
Director |
|
Address : |
8, Rajshree Apartments, 39, Jagdusha Nagar, Ghatkopar, Mumbai.
Maharashtra |
|
Date of Birth/Age : |
19.06.47 |
|
Date of Appointment : |
02.11.2000 re – ceased on 22.06.2005 |
|
Date of Ceasing: |
19.05.2005 re - appointed on 04.09.2006 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Name & Address |
No. of shares or Debentures |
|
Chaudhari Omprakash |
201,989 |
|
Karwa Shankarlal Jayesh |
201,990 |
|
Karwa Umarshi Shankarlal |
202,000 |
|
Gandhi Meghji Jivanchandra |
1 |
|
Chaudhari R. Omprakash |
202,000 |
|
Gandhi Jivanchandra Manish |
0 |
|
Chaudhari Ashok Tasneem |
202,000 |
|
Karwa Harish Bhavana |
202,000 |
|
Karwa Narayandas Harish |
1 |
|
Karwa Narayandas Girish |
1 |
|
Karwa Narayandas Savitriben |
1 |
|
Subhash N Karwa - HUF |
1 |
|
Karwa Narayandas Subhash |
1 |
|
Shah J Dilip |
1 |
|
Shah Mahendra Jigar |
1 |
|
Shah Trikamdas Mahendra |
1 |
|
Shah Mahendra Pramila |
1 |
|
Shah Himmatlal Chetan |
1 |
|
Shah Shamji Dilip |
1 |
|
Patil Namdev Santosh |
1 |
|
Sharma Ruplal Vinod |
1 |
|
Arun Bagaria - HUF |
1 |
|
Agrawal R Satyanarayan |
1 |
|
Pai Venugopal Raghunath |
1 |
|
Tahil Govind |
1 |
|
Bubna Meenakshi |
1 |
|
Neelkantha Rajesh |
1 |
|
Amit M. Shah - HUF |
1 |
|
Total |
1,212,000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
83.00 |
|
Other top fifty shareholders |
17.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Business of Transporters and Cargo Movers |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
·
HDFC Bank ·
ICICI Bank · The Shamrao Vithal Co-Op. Bank Limited, A/2,3,4,5 And 6, Ganesh Prasad, Naushir Bharucha Marg, Sleater Road,, Mumbai - 400007, Maharashtra, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Financial
Institution: |
SREI Equipment Finance Private Limited, 'vishwakarma', 86c,
Topsia Road, Kolkata - 700046, West Bengal, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Amit M Shah Chartered Accountant |
|
Address: |
2, Shelar House, B/H Canara Bank, Gokhale Road, Naupada, Thane 400602
Maharashtra, India |
|
|
|
|
Associates/Subsidiaries : |
NA |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- |
Rs.0.500 Million |
|
Increased to |
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- |
Rs.15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
12000 |
Equity Shares |
Rs.10/- |
Rs.0.120 Million |
|
Increased to |
|
|
|
|
1200000 |
Equity Shares |
Rs.10/- |
Rs.12.000 Millions |
|
|
Issued fully paid bonus shares |
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
12.120 |
12.120 |
12.120 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
54.740 |
41.098 |
34.340 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
66.860 |
53.218 |
46.460 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
122.663 |
43.388 |
35.730 |
|
|
2] Unsecured Loans |
39.381 |
39.404 |
27.345 |
|
|
TOTAL BORROWING |
162.044 |
82.792 |
63.075 |
|
|
DEFERRED TAX LIABILITIES |
10.062 |
5.054 |
0.832 |
|
|
|
|
|
|
|
|
TOTAL |
238.966 |
141.062 |
110.367 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
169.188 |
80.621 |
86.094 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
7.904 |
5.156 |
2.051 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
276.225
|
209.403 |
163.361 |
|
|
Cash & Bank Balances |
5.980
|
2.591 |
3.079 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
15.685
|
22.575 |
14.369 |
|
Total
Current Assets |
297.890
|
234.569 |
180.809 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
67.474
|
48.984 |
59.708 |
|
|
Other Current Liabilities |
168.659
|
130.436 |
99.037 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
236.133
|
179.420 |
158.745 |
|
|
Net Current Assets |
61.757
|
55.149 |
22.064 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.116 |
0.136 |
0.158 |
|
|
|
|
|
|
|
|
TOTAL |
238.966 |
141.062 |
110.367 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
586.620 |
436.021 |
342.567 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
53.419 |
37.237 |
39.240 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
30.114 |
20.490 |
24.934 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
23.305 |
16.747 |
14.306 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
12.097 |
7.412 |
3.237 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
11.208 |
9.335 |
11.069 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
NA |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.97
|
3.84 |
4.17 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.98
|
5.31 |
5.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35
|
0.31 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Debt/Networth) |
|
2.42
|
1.55 |
1.36 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26
|
1.31 |
1.14 |
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 |
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 |
No |
|
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 |
No |
|
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 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U60231MH2000PTC129446 |
|
Name of the
company |
SONU CARGO MOVERS
(INDIA) PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
412 J M Rebello
Chawlkatrak Rd Opp Auxilium Highsch Wadala (W), Mumbai – 400031, Maharashtra,
India |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10088734 |
|
Type of charge |
Immovable
Property Any interest in
immovable property |
|
Particular of
charge holder |
The Shamrao
Vithal Co-Op. Bank Ltd. |
|
Nature of
instrument creating charge |
Recording Letter
Evidencing Deposit of Title Deeds |
|
Date of
instrument Creating the charge |
26.03.2012 |
|
Amount secured by
the charge |
Rs.60.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest To be determined
by the Bank, from time to time. Terms of
Repayment To be determined
by the Bank, from time to time. Margin To be determined
by the Bank, from time to time. Extent and
Operation of the charge To secure due repayment
of credit facilities aggregating Rs.60.500 Millions , together with cost,
interest, expenses, charges thereof, granted by the Bank to the Company. Others Total Facilities: Cash Credit:
Rs.15.000 Millions CSBP limit:
Rs.20.000 Millions Term Loan:
Rs.18.000 Millions Bank Guarantee
(fresh); Rs.7.500 Millions ---------------- Total: Rs.60.500
Millions |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
1)All that piece
and parcel of property being Flat No.1 adm. 529 sqft. built up area,
alongwith open court yard adm. 500 sqft.; in bldg Amrut Siddhi CHS Ltd. Ravi
Indl. Compound, Thane 400602 (Sch IA) 2)All that piece
and parcel of property being Flat No.2 adm. 525 sq. ft. built up area, Ground
Floor, in bldg Amrut Siddhi CHS Ltd. Ravi Indl. Compound, Thane 400602 (Sch
IB) 3)All that piece
and parcel of property being Flat No.3 adm.441 sqft. built up area, all
situated on the Ground Floor, in building Amrut Siddhi CHS Ltd., Ravi
Industrial Compound, Panch Pakhadi, Thane (W) 400602
(Sch IC) 4)All that piece
and parcel of property being Shop No.255, adm. approx.200 sqft. carpet area,
2nd Floor, Riddhi Arcade, Plot no.857, C and D, Sector KWC, Kalamboli, Navi
Mumbai (Sch ID) 5)All that piece
and parcel of property being Shop No.256, adm. approx.220 sqft. carpet area,
2nd Floor, Riddhi Arcade, Plot no.857, C and D, Sector KWC, Kalamboli, Navi
Mumbai (Sch IE) 6)All that piece
and parcel of property being Shop No.22, adm. approx.250 sqft. carpet area,
2nd Floor, Riddhi Arcade, Plot no.857, C and D, Sector KWC, Kalamboli, Navi
Mumbai (Sch IF) |
|
Date of
instrument modifying the charge |
28/10/2009 |
|
Particulars of
the present modification |
By this
modification, the immoveable property/(ies) so mortgaged shall now hold good
also to secure additional Bank Guarantee of Rs.7.500 Millions now granted to
the Company. Hence, the aggregate credit facilities secured by charge have
been enhanced from Rs.53.000 Millions to Rs.60.500 Millions. (Being CC
facility Rs.15.000 Millions, CSBP facility Rs.20.000 Millions, Term Loan
Rs.18.000 Millions and Bank Guranatee Rs.7.500 Millions). Therefore, the
overall charge now stands at Rs.60.500 Millions. |
FIXED ASSETS:
·
Drill Machine
·
Electrical Generator
·
Furniture and Fixtures
·
Honda Accord
·
Motor Car
·
Motor Cycle
·
Cycle
·
Computer
·
Pen Drive
·
UPS
·
Laptop
·
Software
·
Camera
·
Camera Sony
·
Capital Wip
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] 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.54.48 |
|
|
1 |
Rs.82.72 |
|
Euro |
1 |
Rs.71.27 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
4 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.