MIRA
INFORM REPORT
|
Report Date : |
02.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
SONAL PLASRUB INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
404, Rimsan Estate Premises Co-operative Society, Chincholi Bunder
Link Road, Malad (West), Mumbai-400064, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
13.07.1987 |
|
|
|
|
Com. Reg. No.: |
11-044045 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.800 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1987PTC044045 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS39964B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Chemicals. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 15000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The
company is doing well. It has been successful in wiping off the accumulated losses
of the previous years. Trade relations are reported as fair. Business is
active. Payments are reported to be slow but correct. The company can be considered for small business dealings at usual
trade terms and conditions. |
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 : |
404, Rimsan Estate Premises Co-operative Society, Chincholi Bunder
Link Road, Malad (West), Mumbai-400064, Maharashtra, India |
|
Tel. No.: |
91-22-40949499 |
|
Fax No.: |
91-22-40949488 |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
3, Giri Kunj, M.G. Kriss Road, Extension No, Mumbai-400067,
Maharashtra, India |
DIRECTORS
AS ON 25.09.2012
|
Name : |
Mr. Manish Anil Purecha |
|
Designation : |
Director |
|
Address : |
23, Rameshwar Ram Gally Opposite, |
|
Date of Birth/Age : |
30.10.1975 |
|
Date of Appointment : |
30.03.1997 |
|
Din No.: |
01326232 |
|
|
|
|
Name : |
Mr. Prashant Keshavji Purecha |
|
Designation : |
Director |
|
Address : |
23, Rameshwar Ram Gally Opposite, |
|
Date of Birth/Age : |
19.12.1962 |
|
Date of Appointment : |
30.03.1997 |
|
Din No.: |
01791756 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 25.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Tushtii P. Purecha Prashant K. Purecha |
|
200 |
|
Tushtii P. Purecha Prashant K. Purecha |
|
500 |
|
Manish A. Purecha Jasmine M. Purecha |
|
269 |
|
Manish A. Purecha Masmin M. Purecha |
|
1 |
|
Manish A. Purecha Jasmine M. Purecha |
|
500 |
|
Manish A. Purecha Jasmine M. Purecha |
|
500 |
|
Prashant K. Purecha Tushtii P. Purecha |
|
700 |
|
Bansari P. Purecha Prashant K. Purecha |
|
1000 |
|
Prashant K. Purecha Bansari P. Purecha |
|
1000 |
|
Anil K. Purecha Minaxi A. Purecha |
|
370 |
|
Anil K. Purecha Manish A. Purecha |
|
490 |
|
Anil K. Purecha Mainsh A. Purecha |
|
1000 |
|
Anil K. Purecha Minaxi A. Purecha |
|
50 |
|
Anil K. Purecha HUF Minaxi A. Purecha |
|
150 |
|
Jigar Mahesh Toprani |
|
600 |
|
Rakhee Prabodh Purecha |
|
600 |
|
Priyanka Enterprises |
|
50 |
|
Naishad Paleja |
|
10 |
|
Carp Fine Chem Private Limited |
|
10 |
|
|
|
|
|
TOTAL
|
|
8000 |
AS ON 25.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Chemicals. |
PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
Unit |
Installed
Capacity |
|
Organic Bromide |
T.P.A |
150 |
GENERAL INFORMATION
|
Suppliers : |
·
Aavkar Dye Chem ·
Abhishek Computer ·
Bansi Chemicals ·
Bamboat Hardware and Sanitaryware ·
Champion Metal Corporation ·
Chemical Corporation Private Limited ·
D K Pharma Chem Private Limited ·
Drishiti Sales Corporation ·
Excel Petro Products ·
Elixir Chemicals Private Limited ·
Federal Express Corporation ·
Gayatri Minerals and Chemicals ·
Hardik Traders and Transporter ·
Isha Web Hosting Private Limited ·
Jay Ambey Fiber Glass ·
Karrat Chemicals (India) Private Limited ·
Lanxess India Private Limited ·
Mahesh Engineering Works ·
Maniratna steels Private Limited ·
Multi Organics Private Limited |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Customers : |
·
Astec Life Sciences Limited ·
Cirex Pharmaceuticals Limited ·
Lonza AG (Werk Visp) ·
Mallodi Drugs and Pharmaceuticals Limited ·
Nakoda chemicals limited ·
Orchid Chemicals and Pharm Private Limited ·
Reliance Ind. Limited ·
Sekasaria Chemicals Limited ·
Vorin Laboratories Limited ·
Aurobindo Pharma Limited ·
Glenmark Pharmaceuticals Limited ·
Inogent Laboratories Private Limited |
||||||||||||||||||
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No. of Employees : |
Not Available |
||||||||||||||||||
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|
||||||||||||||||||
|
Bankers : |
The Kapol Co-operative Bank Limited, Royal House, 1st Floor,
Mathuradas Road, Kandivali (West), Mumbai-400067, Maharashtra, India |
||||||||||||||||||
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Facilities : |
|
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|
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|
Banking Relations
: |
-- |
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|
|
|
Auditors : |
|
|
Name : |
NBS and Company Chartered Accountants |
|
Address : |
701, Akanksha CHS, Near Naupada Police Station, Prashant Nagar,
Thane-400602, Maharashtra, India |
|
PAN No: |
AAAFN5249E |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
8000 |
Equity Shares |
Rs. 100/- each |
Rs. 0.800 Million |
|
2000 |
13.5 % Cumulative Preference Shares |
Rs. 100/- each |
Rs. 0.200 Million |
|
|
Total
|
|
Rs.1.000 Million
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
8000 |
Equity Shares |
Rs. 100/- each |
Rs. 0.800 Million |
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 |
0.800 |
0.800 |
0.800 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2.955 |
0.000 |
2.844 |
|
|
4] (Accumulated Losses) |
0.000 |
(3.407) |
(10.885) |
|
|
NETWORTH |
3.755 |
(2.607) |
(7.241) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
18.074 |
16.960 |
18.173 |
|
|
2] Unsecured Loans |
29.167 |
32.707 |
29.021 |
|
|
TOTAL BORROWING |
47.241 |
49.667 |
47.194 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
50.996 |
47.060 |
39.953 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
11.534 |
11.374 |
11.574 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
2.978 |
1.628 |
0.429 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
23.533
|
39.216 |
37.720 |
|
|
Sundry Debtors |
35.320
|
10.244 |
12.233 |
|
|
Cash & Bank Balances |
1.548
|
1.085 |
0.737 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.412 |
|
|
Loans & Advances |
15.022
|
15.171 |
8.683 |
|
Total
Current Assets |
75.423
|
65.716 |
59.785 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
36.172
|
28.243 |
31.835 |
|
|
Other Current Liabilities |
2.767
|
3.415 |
0.000 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
38.939
|
31.658 |
31.835 |
|
|
Net Current Assets |
36.484
|
34.058 |
27.950 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
50.996 |
47.060 |
39.953 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
164.210 |
139.839 |
124.957 |
|
|
|
Other Income |
0.217 |
0.045 |
0.000 |
|
|
|
TOTAL (A) |
164.427 |
139.884 |
124.957 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Materials Including Packaging Materials Consumed |
126.149 |
106.785 |
|
|
|
|
Employee Benefits Expenses |
4.875 |
5.165 |
111.011 |
|
|
|
Other Expenses |
17.130 |
14.692 |
|
|
|
|
Changes in Inventories of Finished Goods, Work in Progress |
(1.429) |
(1.907) |
|
|
|
|
TOTAL (B) |
146.725 |
124.735 |
111.011 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
17.702 |
15.149 |
13.946 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.499 |
6.421 |
5.987 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
11.203 |
8.728 |
7.959 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.736 |
1.584 |
1.757 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
9.467 |
7.144 |
6.202 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.104 |
2.510 |
2.446 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
6.363 |
4.634 |
3.756 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
(10.885) |
(14.955) |
|
|
|
|
|
|
|
|
|
|
PRIOR PERIOD
ITEMS |
NA |
0.000 |
0.313 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
(6.251) |
(10.886) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
795.37 |
579.28 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.87
|
3.31 |
3.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.77
|
5.10 |
4.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.89
|
9.27 |
8.69 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
2.52
|
(2.74) |
(0.85) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
12.58
|
(19.05) |
(6.52) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.94
|
2.07 |
1.87 |
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) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
NOTE:
The registered office of the company has been shifted from L-25, M.I.D.C., Tarapur Industrial Area, District – Thane, Boisar, Mumbai-401506, Maharashtra, India to the present address w.e.f.05.07.2011.
BANKERS CHARGES REPORT
AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
90144701 |
|
Corporate
identity number of the company |
U51900MH1987PTC044045 |
|
Name of the
company |
SONAL PLASRUB
INDUSTRIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
404, Rimsan Estate Premises Co-operative Society, Chincholi Bunder
Link Road, Malad (West), Mumbai-400064, Maharashtra, India |
|
Type of charge |
Book Debts Movable Property
[not being pledge] Any Interest in
Immovable Property |
|
Particular of
charge holder |
The Kapol Co-operative Bank Limited, Royal House, 1st
Floor, Mathuradas Road, Kandivali (West), Mumbai-400067, Maharashtra, India Email: kapol_cad@rediffmail.com
|
|
Nature of
description of the instrument creating or modifying the charge |
1) Composite
Hypothecation Agreement for Stock of fine chemicals, pharmaceuticals intermediaries
and speciality chemicals and Book Debt for Cash Credit Rs.17.000 Millions 2) Hypothecation
Agreement for Tangible movable Machinery for Cash Credit Rs.17.000 Millions
dated 08/09/2012 3) Power of
attorney for book debts Dated 08/09/2012 4) Memorandum of
entry Rs 270 Lakh Dated 12/09/2012 all document constitutes single charge. |
|
Date of
instrument Creating the charge |
12.09.2012 |
|
Amount secured by
the charge |
Rs.27.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 15% per annum on
cash Credit 16.5% per annum
on Secured O/d against Immovable property (Fixed Assets) subject to RBI
Directive from time to time. Terms of Repayment On demand and/or annual
review and/or EMI Margin 40% cost/market
price whichever is lower 50% of book debts
not exceeding 90 days 50% present
market value Extent and Operation of the charge a. Hypothecation
of stocks of fine chemicals, pharmaceuticals intermediaries and speciality
chemicals b. Hypothecation
of book debts c. equitable
mortgage of lease land and building at L25, MIDC ,Tarapur, Flat no.1302/1303
at Jeevan Sawpna and flat no.603 ,office 404,4th Rimsan estate listed and as
per collateral security specifically mentioned in the schedule to the
attached agreements. d. Hypothecation
of movable Machinery as mentioned in Memorandum of entry. e. R.D.A/C
NO.7520/1 f. R.D.A/C
NO.7520/2 |
|
Short particulars
of the property charged |
equitable mortgage
of lease land situated at L-25, MIDC ,Tarapur industrial area, Boisar Tarapur -401506 Equitable
mortgage of building situated at L-25, MIDC , Tarapur industrial area, Boisar
Tarapur - 401506 equitable
mortgage of office/unit no.404,4th floor, Rimsan Estate Premises co-op.
Society Limited ,Chincholi bunder , Off Rimsan Bunder , Off Link Road , Malad (W) Mumbai –
400064 Equitable
mortgage of residential premises of flat no. 1302 and 1303, at jeevan swapna
building, M.G. Cross Road No.4, Behind Patel
Nagar , Kandivali (W) Equitable
mortgage of residential premises of
flat no.603, Shanti apt., Fateh baugh , Poisar, Kandivali (W) Equitable
Mortgage of Existing and Additional Plant and Machinery Having Present Value
of Rs. 23.248 Million R.D. A/C
No.7520/1 of 1 Lakh per month for 36 months, where present balance is 28.81
lakh as on 27/6/2012 R.D.A/C NO.7520/2
of 1 lakh per month for 36 months, where present balance is 4 lakh as on 27/6/2012 |
|
Date of latest
modification prior to the present modification |
09.02.2008 |
|
Particulars of
the present modification |
The Bank has
granted further loan of Rs. 27.000 Millions thereby the total outstanding
amount has been increased from Rs.20.500 Millions to Rs.27.000 Millions. |
|
Unsecured Loan |
As
on 31.03.2012 [Rs.
in Millions] |
As
on 31.03.2011 [Rs.
in Millions] |
|
Loan from Directors |
|
|
|
Prashant Purecha |
4.814 |
6.417 |
|
Manish Purecha |
3.436 |
3.569 |
|
Prabodh Purecha |
(0.001) |
0.735 |
|
Loan from Share Holders |
|
|
|
P.K. Purecha HUF |
0.086 |
0.080 |
|
Anil K. Purecha |
0.754 |
0.794 |
|
Jasmin Purecha |
0.416 |
0.385 |
|
A K Purecha HUF |
0.280 |
0.259 |
|
Roopa Purecha |
0.002 |
0.002 |
|
Liladhar Toprani |
0.020 |
0.000 |
|
Priyanka Enterprises |
18.876 |
20.019 |
|
Naishad Jawahar Paleja |
0.484 |
0.447 |
|
TOTAL
|
29.167 |
32.707 |
FIXED ASSETS:
- Building
- Computer
- Electric
Instrument
- Fax
Machine
- Fire
Extinguisher
- Furniture
and Fixtures
- Lease
hold Land
- Moulds
- Pager
- Plant
and Machinery
- Tools
and Equipment
- Typewriter
- Vehicles
and Motors
- Air-condition
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.82.72 |
|
Euro |
1 |
Rs.71.27 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.