1. Summary Information
|
|
|
Country |
|
|
Company Name |
Minox Metal Private Limited |
Principal Name 1 |
Mr. Jayantilal Lalchand Bhandari |
|
Status |
Moderate |
Principal Name 2 |
Mr. Dheeraj Kumar Lalchand |
|
|
|
Registration # |
08-036795 |
|
Street Address |
No. 7, P C Lane,
S P Road Cross, Bangalore – 560002, Karnataka |
||
|
Established Date |
19.07.2005 |
SIC Code |
-- |
|
Telephone# |
91-80-22245777 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-80-22217144/22217144 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Metal Products |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.30,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors (100%) |
Banking |
Punjab National
Bank |
|
Public Limited Corp. |
NO |
Business Period |
8 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (36) |
|
Related
Company --- |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
|
|
|
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
244,977,000 |
Current Liabilities |
217,043,000 |
|
Inventories |
169,871,000 |
Long-term Liabilities |
207,051,000 |
|
Fixed Assets |
47,422,000 |
Other Liabilities |
737,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
424,831,000 |
|
Invest& other Assets |
34,949,000 |
Retained Earnings |
42,388,000 |
|
|
|
Net Worth |
72,388,000 |
|
Total Assets |
497,219,000 |
Total Liab. & Equity |
497,219,000 |
|
Total Assets (Previous Year) |
382,774,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
966,494,000 |
Net Profit |
7,811,000 |
|
Total Income (Previous yr) |
996,885,000 |
Net Profit(Prev.yr) |
20,604,000 |
MIRA
INFORM REPORT
|
Report Date : |
04.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
MINOX METAL PRIVATE LIMITED (w.e.f. 08.05.2007) |
|
|
|
|
Formerly Known
As : |
MYSORE METFIN PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 7, P C Lane, S P Road Cross, Bangalore – 560002, Karnataka |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation
: |
19.07.2005 |
|
|
|
|
Com. Reg. No.: |
08-036795 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.30.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109KA2005PTC036795 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Metal Products. |
|
|
|
|
No. of Employees
: |
Not Available |
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 |
|
Maximum Credit Limit : |
USD 280000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record.
There appears drastic fall in profitability and sales during the current
year. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for business dealings with slight
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 / Corporate Office : |
No. 7, P C Lane, S P Road Cross, Bangalore – 560002, Karnataka, India |
|
Tel. No.: |
91-80-22213868 |
|
Fax No.: |
91-80-22217144 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Mumbai Office : |
492/A, Maulana Azad Road, (Duncan Road), Mumbai-400004, Maharashtra,
India |
|
Tel. No.: |
91-22-66595800 / 23851007 |
|
|
|
|
Work : |
No.27/2 and 27/4 C, Yarandanahalli, Jigani Link Road, Bommasandra Industrial
Area, Bangalore-560099, Karnataka, India |
|
|
|
|
Branch Office : |
Located At ·
Ahmedabad ·
Chennai |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Jayantilal Lalchand Bhandari |
|
Designation : |
Director |
|
Address : |
Mangaldeep, Koppikar Road, Hubll Dharwd -580020 |
|
Date of Birth/Age : |
25.12.1965 |
|
Date of Appointment : |
19.07.2005 |
|
DIN No.: |
01362002 |
|
|
|
|
Name : |
Mr. Dheeraj Kumar Lalchand |
|
Designation : |
Director |
|
Address : |
19, 1st Floor, |
|
Date of Birth/Age : |
25.02.1956 |
|
Date of Appointment : |
19.07.2005 |
|
DIN No.: |
01362013 |
|
|
|
|
Name : |
Mr. Prakash Chand |
|
Designation : |
Director |
|
Address : |
14, 1st Floor, |
|
Date of Birth/Age : |
30.12.1969 |
|
Date of Appointment : |
19.07.2005 |
|
DIN No.: |
01362032 |
|
|
|
|
Name : |
Mr. Suresh Bhandari |
|
Designation : |
Director |
|
Address : |
19, 1st Floor, |
|
Date of Birth/Age : |
29.05.1977 |
|
Date of Appointment : |
19.07.2005 |
|
DIN No.: |
01362037 |
|
|
|
|
Name : |
Mr. Vijay Kumar Bhandari |
|
Designation : |
Director |
|
Address : |
19, 1st Floor, |
|
Date of Birth/Age : |
08.11.1968 |
|
Date of Appointment : |
19.07.2005 |
|
DIN No.: |
02582837 |
|
|
|
|
Name : |
Mr. Kailash Bhandari |
|
Designation : |
Director |
|
Address : |
19, 1st Floor, |
|
Date of Birth/Age : |
05.05.1975 |
|
Date of Appointment : |
19.07.2005 |
|
DIN No.: |
02691299 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Dheeraj Kumar Lalchand |
2760000 |
|
Jayantilal Lalchand Bhandari |
60000 |
|
Vijay Kumar Bhandari |
60000 |
|
Prakash Chand |
60000 |
|
Kailash Bhandari |
30000 |
|
Suresh Bhandari |
30000 |
|
TOTAL
|
3000000 |
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 : |
Manufacturer of Metal Products. |
GENERAL INFORMATION
|
Suppliers : |
·
Acesita Import and Export LDA ·
R S Sales Agency ·
Siddhivinayak Steel ·
POSCO Thainox Public Company Limited ·
Jindal Stainless Steelway Limited ·
Shree Ramdev Steels Private Limited ·
Padmavati Steel and Engineering Company ·
Steel Authority of India Limited ·
Sunshine Enterprise ·
Savani Transport Private Limited |
|||||||||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||||||||
|
Customers : |
·
ARR Precision Works Private Limited ·
Elsteel Modular Products Industries ·
Gem Telergon Switchgears Private Limited ·
On Narayanachari and Sons Private Limited ·
ZF Electronics TVS (India) Private Limited ·
Kigga Engineering Private Limited ·
Shirdi Industries Limited ·
Conee Chains Private Limited ·
HMT Watches Limited ·
Ador Fontech Limited |
|||||||||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Punjab National Bank, Bangalore City Branch,
Hudson Circle, Bangalore – 560027, Karnataka, India ·
HDFC Bank Limited |
|||||||||||||||||||||||||||||||||||||||
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Facilities : |
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|||||||||||||||||||||||||||||||||||||||
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|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
D Kothari and Associates Chartered Accountants |
|
Address : |
4th Floor, Pooja Complex, #5, Santhusapet, Bangalore –
560053, Karnataka, India |
|
Tel No.: |
91-80-22877162 |
|
Mobile No.: |
91-9448293415 |
|
Fax No.: |
91-80-22255086 |
|
PAN No.: |
AIKPK7115N |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
30.000 |
30.000 |
30.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
42.388 |
34.576 |
13.973 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
72.388 |
64.576 |
43.973 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
118.771 |
123.514 |
90.130 |
|
|
2] Unsecured Loans |
88.280 |
70.054 |
58.347 |
|
|
TOTAL BORROWING |
207.051 |
193.568 |
148.477 |
|
|
DEFERRED TAX LIABILITIES |
0.269 |
0.352 |
0.250 |
|
|
|
|
|
|
|
|
TOTAL |
279.708 |
258.496 |
192.700 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
47.422 |
50.084 |
50.181 |
|
|
Capital work-in-progress |
34.789 |
2.029 |
0.542 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.160 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
169.871
|
112.718
|
68.184
|
|
|
Sundry Debtors |
156.410
|
166.940
|
101.776
|
|
|
Cash & Bank Balances |
54.329
|
1.514
|
0.766
|
|
|
Other Current Assets |
3.926
|
0.000
|
0.000
|
|
|
Loans & Advances |
30.312
|
49.424
|
55.095
|
|
Total
Current Assets |
414.848
|
330.596 |
225.821 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
192.352
|
|
|
|
|
Other Current Liabilities |
24.691
|
102.748
|
73.062
|
|
|
Provisions |
0.468
|
21.530
|
10.915
|
|
Total
Current Liabilities |
217.511
|
124.278 |
83.977 |
|
|
Net Current Assets |
197.337
|
206.318
|
141.844
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.065 |
0.133 |
|
|
|
|
|
|
|
|
TOTAL |
279.708 |
258.496 |
192.700 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
996.885 |
|
|
|
|
Other Income |
NA |
|
|
|
|
|
TOTAL |
NA |
996.885 |
637.643 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
965.576 |
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
965.576 |
606.634 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
NA |
31.309 |
31.009 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
10.705 |
7.772 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
7.811 |
20.604 |
23.237 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Quantity Discount |
0.000 |
0.000 |
0.094 |
|
|
|
Export Earnings |
2.051 |
1.012 |
0.000 |
|
|
TOTAL EARNINGS |
2.051 |
1.012 |
0.094 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Material |
535.053 |
554.077 |
301.858 |
|
|
|
Plant & Machinery |
23.747 |
1.122 |
0.323 |
|
|
|
Consumable Stores &
Spares |
8.044 |
7.913 |
5.689 |
|
|
TOTAL IMPORTS |
566.844 |
563.112 |
307.870 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.60 |
6.86 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
2.06
|
3.64
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
8.22
|
11.24
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.48
|
0.71
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.86
|
3.00
|
3.38
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.91
|
2.66
|
2.69
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Long Term
Borrowings |
|
|
|
D Kailash Bhandari |
0.808 |
0.414 |
|
D Suresh Bhandari |
5.708 |
4.888 |
|
L Dhiraj Kumar Bhandari |
29.563 |
54.587 |
|
L Jayantilal Bhandari |
3.985 |
2.711 |
|
L Prakash Bhandari |
0.985 |
1.458 |
|
L Vijay Bhandari |
6.231 |
5.996 |
|
Minox Holdings |
41.000 |
0.000 |
|
|
|
|
|
TOTAL |
88.280 |
70.054 |
|
NOTE Minox Holdings is a partnership firm in which directors is having
influence |
||
NOTE
The registered address of the company #64, New Timber Yard Layout, Mysore
Road, Bangalore, Karnataka, India has been shifted to the present address
w.e.f. 25.07.2009
FINANCIAL RESULTS
During the year the Company earned an income of Rs. 966.494 Millions
when compared to Rs. 988.378 Millions during the previous year. The operations
of the company resulted on a Net Profit after tax of Rs. 7.811 Millions when
compared to net profit after tax of Rs. 20.604 Millions during the previous
year.
FORM 8
|
Corporate
identity number of the company |
U27109KA2005PTC036795 |
|
Name of the
company |
MINOX METAL
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
No.7, P C Lane, S
P Road Cross, Bangalore – 560002, Karnataka, India Email : info@minoxmetal.com |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10008949 |
|
Type of charge |
Book debts Movable property
(not being pledge) Floating charge |
|
Particular of
charge holder |
Punjab National
Bank, Bangalore City Branch, 'Vokkaligara Sangha Building, Hudson Circle,
Bangalore – 560002, Karnataka, India Email : pnb041@yahoo.com |
|
Nature of
instrument creating charge |
Agreement of
Hypothecation of Block Assets Agreement of
Hypothecation of Goods and Book debts to Secure Cash Credit Facility Agreement of
Hypothecation to secure term loans Deed of
Hypothecation to secure LC (all the above pertain
to the same charge) |
|
Date of
instrument Creating the charge |
27.01.2012 |
|
Amount secured by
the charge |
Rs.600.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest CC/TL II - BR +
4.25% at present 15% p.a. Other limits as
per existing/sanction terms Terms of
repayment CC - Running
account repayable on demand TL II - TL
Rs.80.000 Millions to be repaid in 84 monthly installments of Rs.0.953
Millions each commencing from 30.9.12. Interest to be serviced as and when
charged LC - Usance - ILC
90 days and FLC 180 days BG - Period - 1
year excluding claim period of 6 months 10 years in case
of guarantees issued against duty draw back |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation by
way of first charge on stocks, viz., SS Sheets, Strips, SS Articles, Coil
ferrous and non ferrous metals such as PVC flux sheet, various raw materials,
finished/ semi finished goods including Tractors and accessories etc.,
packaging materials, book debts, bills, plant, machineries, and other block
assets/movables present and future Stored/ installed
at No.27/2, and 27/4C, Jigani Link Road, Yarandanahalli, Bommasandra
Industrial area, Off Hosur Road, Bangalore - 562158 and premises at No.7,
P.C. Lane, SP Road Cross, Bangalore-560002,
Karnataka, India or at any other place |
|
Date of
instrument modifying the charge |
25.01.2012 |
|
Particulars of the
present modification |
By the above, the
charge on stocks, plant, machineries, book debts, block assets and other
movables present and future shall cover the present modified limits
aggregating Rs.600.000 Millions (all other terms
and conditions remain unchanged) |
FIXED ASSETS
·
Furniture
·
Computer
·
LCD TV
·
Weight Scale
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. 54.48 |
|
|
1 |
Rs. 82.71 |
|
Euro |
1 |
Rs. 71.27 |
INFORMATION DETAILS
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--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.