1. Summary Information
|
Country |
|
||
|
Company Name |
MAP STEELS ( |
Principal Name 1 |
Mr. Manoj Nemani |
|
Principal Name 2 |
Mr. Prashant Nemani |
||
|
Our Reference # |
213433 |
Registration # |
04-056155 |
|
Street Address |
402, Maurya Atria, Near Shraddha Petrol Pump, Near Kasturi Tower,
Bodakdev, Ahmedabad – 380015, Gujarat, India |
||
|
Established Date |
16.02.2009 |
SIC Code |
-- |
|
Telephone# |
91-79-40039130 |
Business Style 1 |
Manufacturing |
|
Fax # |
Not Available |
Business Style 2 |
Distributor |
|
Homepage |
Not Available |
Product Name 1 |
HR/MS Strips and Pipes |
|
# of employees |
Not Available |
Product Name 2 |
Mobile Hand Sets |
|
Paid up capital |
Rs.3,382,000/- |
Product Name 3 |
Accessories |
|
Shareholders |
Bodies Corporate
(18.48%), Directors or relatives or director (81.52%) |
Banking |
ING Vysya Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
3 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (36) |
|
Related Company |
|||
|
Relation |
Country |
Company Name |
CEO |
|
Associates Concern |
- |
Jai Tripati Steels
Private Limited |
- |
|
Note |
- |
||
2. Summary Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
184,300,000 |
Current Liabilities |
94,436,000 |
|
Inventories |
88,064,000 |
Long-term Liabilities |
238,436,000 |
|
Fixed Assets |
125,955,000 |
Other Liabilities |
3,643,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
336,515,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
238,436,000 |
|
|
0 |
Net Worth |
61,804,000 |
|
Total Assets |
398,319,000 |
Total Liab. & Equity |
398,319,000 |
|
Total
Assets (Previous Year) |
218,953,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
2,878,362,000 |
Net Profit |
20,688,000 |
|
Sales(Previous yr) |
1,701,034,000 |
Net Profit(Prev.yr) |
18,083,000 |
MIRA INFORM REPORT
|
Report Date : |
15.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
MAP STEELS ( |
|
|
|
|
Registered
Office : |
402, Maurya Atria, Near Shraddha Petrol Pump, Near Kasturi Tower,
Bodakdev, Ahmedabad – 380015, Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
16.02.2009 |
|
|
|
|
Com. Reg. No.: |
04-056155 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.20.295
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109GJ2009PTC056155 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMM09438C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCM9154P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in the business of Manufacturing of HR/MS Strips and Pipes and Trading/distribution of Mobile Hand Sets & Accessories. |
|
|
|
|
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 240000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The profitability
of the company appears to be low. The external borrowing seems to be huge. However, there appears growth in its sales turnover during the year
2011-2012. Trade relations are reported to be fair. Business is active. Payments
are slow but correct. 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 : |
402, Maurya Atria, Near Shraddha Petrol Pump, Kasturi Tower, Badkadev,
Ahmedbad – 380015, Gujarat, India |
|
Tel. No.: |
91-79-40039130 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
2, 13th Block, 9th Cross Kumara Park West, Bangalore-560020,
Karnataka, India |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Praveen Nemani |
|
Designation : |
Director |
|
Address : |
13/386, 3-A, Civil Lines, |
|
Date of Birth/Age : |
16.06.1960 |
|
Date of Appointment : |
01.08.2009 |
|
DIN No.: |
01111455 |
|
|
|
|
Name : |
Mr. Manoj Nemani |
|
Designation : |
Director |
|
Address : |
13/386, 3-A, Civil Lines, |
|
Date of Birth/Age : |
11.10.1980 |
|
Date of Appointment : |
16.02.2009 |
|
DIN No.: |
01842350 |
|
|
|
|
Name : |
Mr. Prashant Praveen Nemani |
|
Designation : |
Director |
|
Address : |
13/386, 3-A, Civil Lines, |
|
Date of Birth/Age : |
22.04.1987 |
|
Date of Appointment : |
16.02.2009 |
|
DIN No.: |
02431808 |
|
|
|
|
Name : |
Mr. Rakesh Kumar Dhurka |
|
Designation : |
Additional Director |
|
Address : |
H 81, Shastri Nagar, |
|
Date of Birth/Age : |
02.01.1959 |
|
Date of Appointment : |
01.08.2009 |
|
DIN No.: |
02434827 |
|
|
|
|
Name : |
Mr. Siddharth Dhurka |
|
Designation : |
Additional Director |
|
Address : |
H 81, Shastri Nagar, |
|
Date of Birth/Age : |
27.08.1983 |
|
Date of Appointment : |
01.08.2009 |
|
DIN No.: |
02745654 |
MAJOR SHAREHOLDERS
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Prashant Nemani |
|
166500 |
|
Manoj Nemani |
|
319500 |
|
Praveen Nemani |
|
92250 |
|
Rakesh Kumar Dhurka |
|
712500 |
|
Siddharth Dhurka |
|
152250 |
|
Kusum Dhurka |
|
150000 |
|
Laxmi Narayan |
|
121260 |
|
Shakuntla Agarwal |
|
22500 |
|
Yakti Agarwal |
|
22740 |
|
Praveen Nemani HUF |
|
195000 |
|
Kiran Nemani |
|
75000 |
|
Total |
|
2029500 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
18.48 |
|
Directors or relatives of Directors |
81.52 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of Manufacturing of HR/MS Strips and Pipes and Trading/distribution of Mobile Hand Sets & Accessories. |
||||||
|
|
|
||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
%20PRIVATE%20LIMITED%20-%20213433%2015-Mar-2013_files/image001.gif){kind=small}
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Shah Kantilal and Company Chartered Accountants |
|
Address : |
806, Mauryansh
Elanza, Near Parekh's Hospital, Shyamal Cross Road, Satellite,
Ahmedabad-380015, Gujarat, India |
|
PAN.: |
AAMFS3865K |
|
|
|
|
Associates/Subsidiaries : |
CIN No.: U27100GJ2005PTC045541
|
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs. 25.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2029500 |
Equity Shares |
Rs.10/- each |
Rs.20.295
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 |
20.295 |
3.383 |
3.383 |
|
|
2] Share Application Money |
0.000 |
8.600 |
10.000 |
|
|
3] Reserves & Surplus |
41.509 |
37.732 |
19.649 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
61.804 |
49.715 |
33.032 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
190.407 |
51.414 |
16.218 |
|
|
2] Unsecured Loans |
48.029 |
10.245 |
16.117 |
|
|
TOTAL BORROWING |
238.436 |
61.659 |
32.335 |
|
|
DEFERRED TAX LIABILITIES |
3.521 |
0.000 |
0.028 |
|
|
|
|
|
|
|
|
TOTAL |
303.761 |
111.374 |
65.395 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
125.955 |
11.722 |
10.812 |
|
|
Capital work-in-progress |
0.000 |
39.039 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.023 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
88.064
|
67.737 |
60.790 |
|
|
Sundry Debtors |
149.095
|
71.038 |
87.281 |
|
|
Cash & Bank Balances |
15.269
|
11.756 |
15.186 |
|
|
Other Current Assets |
0.092
|
0.957 |
2.123 |
|
|
Loans & Advances |
19.844
|
16.543 |
5.418 |
|
Total
Current Assets |
272.364
|
168.031 |
170.798 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
63.692
|
91.971 |
110.128 |
|
|
Other Current Liabilities |
30.744
|
6.108 |
1.071 |
|
|
Provisions |
0.122
|
9.500 |
5.200 |
|
Total
Current Liabilities |
94.558
|
107.579 |
116.399 |
|
|
Net Current Assets |
177.806
|
60.452 |
54.399 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.138 |
0.184 |
|
|
|
|
|
|
|
|
TOTAL |
303.761 |
111.374 |
65.395 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2878.362 |
1701.034 |
1071.093 |
|
|
|
Other Income |
NA |
NA |
1.946 |
|
|
|
TOTAL (A) |
NA |
NA |
1073.039 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
2769.849 |
1611.316 |
1035.857 |
|
|
|
Employee Cost |
|
|
13.822 |
|
|
|
Selling and Distribution Expenses |
NA |
NA |
5.802 |
|
|
|
Preliminary Expenses |
|
|
0.046 |
|
|
|
TOTAL (B) |
|
|
1055.527 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
NA |
17.512 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
12.910 |
0.337 |
2.054 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
NA |
15.458 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.606 |
0.838 |
0.429 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
NA |
NA |
15.029 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
NA |
5.227 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H)
(I) |
20.688 |
18.083 |
9.802 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
9.802 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
19.84 |
53.46 |
28.98 |
|
|
|
Diluted |
19.84 |
15.09 |
7.32 |
|
%20PRIVATE%20LIMITED%20-%20213433%2015-Mar-2013_files/image002.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20213433%2015-Mar-2013_files/image003.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
NA |
0.91 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
1.40 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA |
8.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA |
0.45 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.86
|
1.24 |
0.98 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.88
|
1.56 |
1.47 |
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
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 |
---------------------- |
|
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 |
OPERATION:
The company has achieved a sales - turnover of Rs. 2878.362 Millions as compared to Previous year Rs. 1701.034 Millions. The Board of Directors of your company is pleased to inform you that Sales turnover has been significantly increased during the year under consideration, the Company has made net profit after tax of Rs. 20.688 Millions after providing a Depreciation of Rs. 3.606 Millions.
UNSECURED LOAN:
(Rs. In Millions)
|
Particulars |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Long Term
Borrowing |
|
|
|
Deposits |
48.029 |
10.245 |
|
Total |
48.029 |
10.245 |
BANKERS CHARGES
REPORT AS PER REGISTRY:
|
Corporate
identity number of the company |
U27109GJ2009PTC056155 |
|
Name of the
company |
MAP STEELS
(INDIA) PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
402, Maurya Atria, Near Shraddha Petrol Pump, Near Kasturi Tower, Bodakdev, Ahmedabad – 380015, Gujarat, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10298283 |
|
Type of charge |
|
|
Particular of
charge holder |
ING Vysya Bank Limited, Shop No.1 and 2,Ground Floor, Parswa Tower,Near Pakwan-II ,S G Road, Bodakdev, Gujarat – 380054, India |
|
Nature of
instrument creating charge |
Supplemental Facility Cum Hypothecation Agreement. Mortgage by Deposit of title deeds. |
|
Date of
instrument Creating the charge |
21.02.2012 |
|
Amount secured by
the charge |
Rs.260.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest CC-Samsung
Division/CC-Stock : IVBR+2.05% BG-Samsung
Division : Commission 1%p.a. on porata basis. TL I
-II(Existing) : IVBR+2.05% Terms of Repayment CC-Samsung
Division : On Demand BG-Samsung
Division : On Demand CC-Stock : On
Demand TL I
-II(Existing) : No Change Margin CC-Samsung
Division : 25% on stocks and 30% on book debts. BG-Samsung
Division : 15% cash margin with due noting of lien. CC-Stock : 25% on
stocks and 30% on book debts. TL I (Existing) :
25% TL I
-II(Existing) : 44% Extent and Operation of the charge First charge on
the stocks and book debts of the company both present and future. First charge on
the movable fixed assets of the company. First charge on
the immovable property of the company. Others Nil |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
All the stocks,
movable fixed assets and book debts of the company both present and future. Immovable
property bearing Plot No.28,Sy Nos.173(Part),178(Part),179(Part) and
273(part) of Gollapuram Village, Hindupur Mandal, Anantapur Dt.,AP measuring
an extent of Ac.12.50 of land(contd..ii) situated Industrial Park,Gollapuram. |
|
Particulars of
the present modification |
The total limit
has been enhanced from Rs.205.000 Millions to Rs.260.000 Millions as follows: Limit Existing Modified (Amount in Millions) CC-Samsung
Division 50.000 90.000
BG-Samsung
Division 35.000 50.000 CC-Stock
Division 50.000 50.000 TL I
(Existing) 50.000 50.000 TL II
(Existing) 20.000 20.000 All other terms
and conditions are remain same. |
FIXED ASSETS:
- Land and
Building
- Office
Equipment
- Furniture and
Fixture
- Computer
- Vehicle
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.54.44 |
|
|
1 |
Rs.81.33 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
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.