|
Report Date : |
16.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
ASIA BULK SACKS PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
ASIA WOVEN SACKS PRIVATE LIMITED |
|
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Registered
Office : |
344/1/3, Kalyanpura Road, Nahi Kadi, Mehsana 382715, Gujarat, India |
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Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
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|
|
|
Date of
Incorporation : |
05.10.1984 |
|
|
|
|
Com. Reg. No.: |
04-007314 |
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Capital
Investment / Paid-up Capital : |
Rs.48.600 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999GJ1984PTC007314 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer of H.D.P.E./P.P.
Sacks. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 345000 |
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|
|
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. The
external borrowing of the company increasing over a year resulting into a
threat to its liquidity position. The profitability of the company is vulnerable due to volatility in
the raw materials price. However, trade relations are reported to be fir. Business is active.
Payments are reported to be 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) |
|
|
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term Rating: B+ |
|
Rating Explanation |
Having high risk of default regarding timely
servicing of financials obligation. |
|
Date |
December, 2012 |
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 : |
344/1/3, Kalyanpura Road, Nahi Kadi, Mehsana 382715, Gujarat, India |
|
Tel. No.: |
91-2764-242160/ 264454 |
|
Fax No.: |
91-2764-242533 |
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E-Mail : |
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|
Website : |
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|
|
|
|
Factory : |
214, Irana Road, Kadi - Chhatral Highway, Budasan, District Mehsana –
382715, Gujarat, India |
|
Tel. No.: |
91-276-4277815 |
|
Fax No.: |
91-276-4277812 |
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E-Mail : |
DIRECTORS
(AS ON 06.09.2012)
|
Name : |
Mr. Ajit Jaysinh Chaudhari |
|
Designation : |
Managing Director |
|
Address : |
A-23, Vishal Apartments, Jodhpur Tekra, Satellite Road, Ahmedabad –
380015, Gujarat, India |
|
Date of Birth/Age : |
25.08.1962 |
|
Date of Appointment : |
01.05.2002 |
|
DIN No.: |
00032155 |
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|
|
|
Name : |
Mr. Chhatrasinh Jaysing Chaudhari |
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Designation : |
Director |
|
Address : |
1, Jai Kisan Housing Society, Paladi, Visnagar 384315, Gujarat, India |
|
Date of Birth/Age : |
29.08.1959 |
|
Date of Appointment : |
31.03.2003 |
|
DIN No.: |
01253599 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 06.09.2012)
Shareholding details file attached.
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
46.87 |
|
Directors or relatives of directors |
|
35.27 |
|
Other top fifty shareholders |
|
17.86 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of H.D.P.E./P.P.
Sacks. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
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|||||||||||||||||||||||||||
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Bankers : |
· State Bank of India Laghu Udyog
Branch Premises, Opposite Gandhigram Railway Station, Ahmedabad – 380009,
Gujarat, India · State Bank of India Ashram Road Branch, Ashram Road, Ahmedabad - 380009, Gujarat, India · HDFC Bank |
|||||||||||||||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
R. S. Patel and Company Chartered Accountant |
|
Address : |
801, Popular Housem Near Income Tax Circle, Ashram, Road, Ahmedabad –
380009, Gujarat, India |
|
Tel No.: |
91-79-26588909/ 26583536/ 26585560 |
|
Fax No.: |
91-79-26585551 |
|
PAN No.: |
AABFR9088A |
|
Email : |
CAPITAL STRUCTURE
(AS ON 06.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
700000 |
Equity Shares |
Rs.100/- each |
Rs.70.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
Rs.100/- each |
Rs.60.000
Millions |
|
|
|
|
|
(AS ON 31.03.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
700000 |
Equity Shares |
Rs.100/- each |
Rs.70.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
486000 |
Equity Shares |
Rs.100/- each |
Rs.48.600
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 |
48.600 |
25.000 |
25.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
37.582 |
28.251 |
23.479 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
86.182 |
53.251 |
48.479 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
120.493 |
60.036 |
64.781 |
|
|
2] Unsecured Loans |
17.560 |
23.097 |
36.871 |
|
|
TOTAL BORROWING |
138.053 |
83.133 |
101.652 |
|
|
DEFERRED TAX LIABILITIES |
3.339 |
2.973 |
3.326 |
|
|
|
|
|
|
|
|
TOTAL |
227.574 |
139.357 |
153.457 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
98.845 |
44.059 |
46.166 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
78.959
|
63.712 |
72.021 |
|
|
Sundry Debtors |
106.902
|
70.615 |
27.000 |
|
|
Cash & Bank Balances |
17.149
|
5.142 |
16.213 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
17.455
|
9.919 |
13.310 |
|
Total
Current Assets |
220.465
|
149.388 |
128.544 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
43.525
|
23.393 |
17.671 |
|
|
Other Current Liabilities |
47.233
|
29.627 |
0.092 |
|
|
Provisions |
0.978
|
1.070 |
3.490 |
|
Total
Current Liabilities |
91.736
|
54.090 |
21.253 |
|
|
Net Current Assets |
128.729
|
95.298 |
107.291 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
227.574 |
139.357 |
153.457 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
362.685 |
328.714 |
281.518 |
|
|
|
Other Income |
27.870 |
11.690 |
6.614 |
|
|
|
TOTAL (A) |
390.555 |
340.404 |
288.132 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
303.743 |
269.929 |
228.097 |
|
|
|
Changes in inventories of finished goods and Work-in-progress |
(13.242) |
(4.075) |
(1.388) |
|
|
|
Employee benefit Expenses |
16.115 |
16.423 |
0.000 |
|
|
|
Other Expenses |
51.058 |
33.825 |
39.695 |
|
|
|
TOTAL (B) |
357.674 |
316.102 |
266.404 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
32.881 |
24.302 |
21.728 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
13.513 |
10.198 |
7.079 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
19.368 |
14.104 |
14.649 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.920 |
6.673 |
6.452 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
13.448 |
7.431 |
8.197 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.116 |
2.658 |
2.797 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
9.332 |
4.773 |
5.400 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
27.101 |
22.328 |
16.928 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
36.433 |
27.101 |
22.328 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
317.979 |
286.649 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
14.208 |
11.790 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
33.50 |
19.09 |
21.60 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.39
|
1.40 |
1.87 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.71
|
2.26 |
2.91 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.86
|
3.84 |
4.69 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.14 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.60
|
1.56 |
2.10 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.40
|
2.76 |
6.05 |
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 |
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 |
Yes |
UNSECURED LOANS
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
|
|
|
|
Loans and Advance from related Parties |
0.110 |
16.942 |
|
Loans and Advance from Others |
17.450 |
6.155 |
|
|
|
|
|
Total |
17.560 |
23.097 |
PERFORMANCE
The company has continued its manufacturer
activities of H.D.P.E./P.P. Sacks. The sales of the company has increased from
R.328.714 Million to Rs.362.685 Millions during the year 2011-12. Consequently,
net profit of the company for the financial year 2011-12 has been increased to
Rs.9.332 Million as compared to Rs.4.773 Millions of last year.
PROJECTS
The company has started and established a new project
at Mouje Budasan, Taluka Kadi, District Mehsana during the financial year
2011-12. The Company will manufacturer woven sack bulk bag etc. with total
manufacturing capacity of Approx 4620 MT p.a.
FORM 8
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10002834 |
|
Corporate
identity number of the company |
U99999GJ1984PTC007314 |
|
Name of the
company |
ASIA BULK SACKS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
344/1/3
Kalyanpura Road, Nahi Kadi, Mehsana – 382715, Gujarat, India |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
State Bank of
India Laghu Udyog
Branch Premises, Opposite Gandhigram Railway Station, Ahmedabad – 380009,
Gujarat, India |
|
Nature of
description of the instrument creating or modifying the charge |
Second
supplemental memorandum relating to deposit of title deeds for creation of
charge and extension of charge dated:-30/10/2012 |
|
Date of
instrument Creating the charge |
30/10/2012 |
|
Amount secured by
the charge |
Rs.292.500
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest (a)
EPC/FBD/PCFC/EBR-13% (b) CC-13% (c) SME help-14.60% (d) TL-II 13.65% (e) TL-III
13.75% (f) TL New-13.70% Terms of
Repayment As per Agreement Margin RAW MATERIALS
DOMESTIC - 15% RAW MATERIALS
IMPORTED - 15% SIP
- 15% FINISHED
GOODS - 15% RECEIVABLES
(COVER 90 DAYS) - 50% LC
- 25% BG
- 25% TL
- 25% EPC (FOB
VALUE) -10% Extent and
Operation of the charge The financial
assistance is secured by way of First and Exclusive charge in favour of State
Bank of India Others Individual limit
within over all limit as under : ( A) FUND BASED
LIMIT: (a) EPC/FBD/PCFC/EBR-Rs.105.000
Millions (b) Sub Limit Cash credit-Rs.(62.500) Millions (c) TL-1(SME
Help)-Rs.2.900 Millions (d) TL-2 Rs.50.000 Millions (e) TL- 3 Rs.50.000
Millions (f) New TL- 4 Rs.36.000 Millions (B) NON-FUND
BASED LIMIT: (a) LC
(Inland/Import)-Rs. 45.000 Millions (b) forward contact- Rs.3.600 Millions
(C) BG- Rs. (10.000) Millions (d) BC- Rs. (45.000) Millions Now making
overall credit limit aggregate to Rs.292.500 Millions. |
|
Short particulars
of the property charged |
Extension of equitable
mortgage over factory land adms. 5374 sq. yards and building adms. 5279 sq.
yards in the name of Company located at 344/1/3, Kalyanpura Road, Nani Kadi,
District Mehsana Extension of
Equitable Mortgage of commercial office at 911, Akik Tower, S. G. Highway,
Bodakdev, Ahmedabad admeas. 560 sq. ft. owned and held by Ashaben Ajitbhai
Chaudhari Extension of
Equitable Mortgage of residential flat located at A-23, Vishal Tower,
Jodhpur, Ahmedabad admeas. 160 sq. yds. owned and held by Ajitbhai Chaudhari Factory Land
admeasuring 12712 Sq. Yards and building situated at R. S. No-211, Irana
Road, Mouje Budasan, Taluka Kadi, District Mehsana Factory Land
admeasuring 5878 Sq. yards and building situated at R. S. No-214, Mouje
Budasan, Taluka Kadi, District Mehsana |
|
Date of latest
modification prior to the present modification |
13/12/2011 |
|
Particulars of
the present modification |
The earlier
charge modified on 13.12.2011 for Rs. 204.800 Millions now being further modified
to Rs 292.500 Millions comprising of: (a)
EPC/FBD/PCFC/EBR-Rs.105.000 Millions (b) Cash credit
-Rs.(62.500 Millions) (c)TL-1(SME
Help)-Rs. 2.900 Millions. (d) TL-2 Rs.
50.000 Millions. (e) TL- 3 Rs.
50.000 Millions. (f) TL- 4 (New
TL) Rs.36.000 Millions. (g) LC
(Inland/Import)-Rs. 45.000 Millions. (h)forward
contact- Rs.3.600 Millions (i) BG- Rs.
(10.000) Millions (j) BC-Rs.
(45.000) Millions Now the amount of
charge increased to Rs.292.500 Millions. |
FIXED ASSETS:
· Air Coolers
· Air Conditioner
· Building
· Computer
· Electric Fittings
· Plant and Machinery
· Land
· Car
· Vehicles
· R. O. Plant
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.54.16 |
|
|
1 |
Rs.81.74 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Report Prepared by
: |
NIT |
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 |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
34 |
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.