MIRA INFORM REPORT
|
Report Date : |
22.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
REDSTONE GRANITO PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Matel Road, N.H. 27, Dhuva, At Lakaddhar, Taluka Wankaner,
Rajkot-363622, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
14.12.2010 |
|
|
|
|
Com. Reg. No.: |
04-063247 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.22.500
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26914GJ2010PTC063247 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Vitrified Tiles, Soluble Salt, Multi
Charge, etc |
|
|
|
|
No. of Employees
: |
500 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 461000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The company
has recently commenced its commercial operation in the financial year
2011-12. However, it has incurred a loss during current year. Trade relations
are reported to be improving. Business is active. Payment terms are reported
to be slow. The company can be considered 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.
INFORMATION PARTED BY
|
Name : |
Mr. Savan |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9898300911 |
|
Date : |
25.02.2013 |
LOCATIONS
|
Registered Office/ Factory : |
Matel Road, N.H. 27, Dhuva, At Lakaddhar, Taluka Wankaner,
Rajkot-363622, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9898300911 [Mr. Savan] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
20 acre |
|
|
|
|
Branch Office : |
Karkaduma Community Centre, Behind 3rd Floor, Sachdeva
Tower, New Delhi-110032, India |
DIRECTORS
AS ON 30.08.2012
|
Name : |
Mr. Pravinbhai Vishalkumar Raiyani |
|
Designation : |
Director |
|
Address : |
Gujarat Marg Apartment, Saru Section Road, Jamnagar-361001, Gujarat,
India |
|
Date of Birth/Age : |
05.04.1984 |
|
Date of Appointment : |
14.12.2010 |
|
Din No.: |
00284627 |
|
|
|
|
Name : |
Mr. Jamnadas Nileshkumar Bhalodia |
|
Designation : |
Director |
|
Address : |
Shiv Ashish, 2, Gulab Vatika Society, Amin Marg, Rajkot-360005,
Gujarat, India |
|
Date of Birth/Age : |
22.08.1977 |
|
Date of Appointment : |
14.12.2010 |
|
Din No.: |
03339515 |
|
|
|
|
Name : |
Mr. Jivrajbhai Rameshkumar Ranipa |
|
Designation : |
Director |
|
Address : |
At Mavapar, Taluka Dhrol, District Jamnagar-361210, Gujarat, India |
|
Date of Birth/Age : |
21.04.1971 |
|
Date of Appointment : |
14.12.2010 |
|
Din No.: |
03339532 |
|
|
|
|
Name : |
Mr. Manjibhai Pankaj Kasundra |
|
Designation : |
Director |
|
Address : |
Block 2, Rushikesh Apartment, Kailash Society, Sanala Road, Morbi,
Rajkot-363641, Gujarat, India |
|
Date of Birth/Age : |
06.04.1974 |
|
Date of Appointment : |
10.06.2011 |
|
Din No.: |
03552850 |
|
|
|
|
Name : |
Mr. Ramniklal Hiteshkumar Bhalodia |
|
Designation : |
Director |
|
Address : |
Shiv Ashish, 2, Gulab Vatika Society, Amin Marg, Rajkot-360005, Gujarat,
India |
|
Date of Birth/Age : |
18.01.1976 |
|
Date of Appointment : |
10.06.2011 |
|
Din No.: |
03539962 |
|
|
|
|
Name : |
Mr. Gopalbhai Samjibhai Raiyani |
|
Designation : |
Director |
|
Address : |
2, Sardar Patel Society, Saru Section Road, Opposite Rajput Seva
Samaj, Jamnagar-361006, Gujarat, India |
|
Date of Birth/Age : |
04.06.1957 |
|
Date of Appointment : |
10.06.2011 |
|
Din No.: |
00284584 |
|
|
|
|
Name : |
Mr. Shamjibhai Jigneshkumar Raiyani |
|
Designation : |
Director |
|
Address : |
2, Sardar Patel Society, Saru Section Road, Opposite Rajput Seva
Samaj, Jamnagar-361006, Gujarat, India |
|
Date of Birth/Age : |
16.06.1984 |
|
Date of Appointment : |
10.06.2011 |
|
Din No.: |
02611606 |
|
|
|
|
Name : |
Mr. Becharbhai Arvindbhai Bhimani |
|
Designation : |
Director |
|
Address : |
BL. No. L-853, Gujarat Housing Board, Sanala Road, Morbi,
Rajkot-363641, Gujarat, India |
|
Date of Birth/Age : |
12.11.1971 |
|
Date of Appointment : |
10.06.2011 |
|
Din No.: |
03552845 |
|
|
|
|
Name : |
Mr. Parshottambhai Hardik Bhalodiya |
|
Designation : |
Director |
|
Address : |
Shivashish Gulab, Vatika 2, Kalawad Road, Rajkot-360005, Gujarat,
India |
|
Date of Birth/Age : |
28.08.1989 |
|
Date of Appointment : |
10.06.2011 |
|
Din No.: |
03539972 |
|
|
|
|
Name : |
Mr. Dharamehibhai Maganlal Kasundra |
|
Designation : |
Director |
|
Address : |
Shri Ram Society, Ravapar Road, Morbi, Rajkot-363641, Gujarat, India |
|
Date of Birth/Age : |
28.08.1989 |
|
Date of Appointment : |
30.04.2012 |
|
Din No.: |
01336288 |
KEY EXECUTIVES
|
Name : |
Mr. Savan |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.08.2012
|
Names of Shareholders |
|
No. of Shares |
|
Jaglivanbhai Ganeshbhai Varmora |
|
6666 |
|
Vishalkumar Pravinbhai Raiyani |
|
102501 |
|
Jigneshkumar Shamjibhai Raiyani |
|
81251 |
|
Nileshkumar Jamnadas Bhalodia |
|
80417 |
|
Parshottambhai Kanjibhai Bhalodia |
|
63750 |
|
Rameshkumar Jivrajbhai Ranipa |
|
113333 |
|
Jivrajbhai Premjibhai Ranipa |
|
43333 |
|
Bhumikaben Nileshbhai Bhalodia |
|
28333 |
|
Ektaben Hiteshbhai Bhalodia |
|
28333 |
|
Giraben Pareshbhai Bhalodia |
|
28334 |
|
Hardik Parshottambhai Bhalodia |
|
104999 |
|
Hiteshbhai Ramnikbhai Bhalodia |
|
102166 |
|
Jamnadas Kanjibhai Bhalodia |
|
40000 |
|
Jignesh Parshottambhai Bhalodia |
|
40000 |
|
Ramnikbhai Kanjibhai Bhalodia |
|
41667 |
|
Sanjay Saileshbhai Patel |
|
28334 |
|
Charmi Vishal Raiyani |
|
33333 |
AS ON 30.08.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
7.41 |
|
Directors
or relatives of directors |
|
92.59 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Vitrified Tiles, Soluble Salt, Multi
Charge, etc |
|
|
|
|
Exports : |
|
|
Products : |
Vitrified Tiles, Soluble Salt |
|
Countries : |
Nepal |
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS [AS ON 31.03.2012]
|
Licensed Capacity |
Not Applicable |
|
Annual Installed Capacity |
Approximately 70000 Mts. |
|
Production |
19486 Mts. |
GENERAL INFORMATION
|
Customers : |
End Users |
|||||||||
|
|
|
|||||||||
|
No. of Employees : |
500 [Approximately] |
|||||||||
|
|
|
|||||||||
|
Bankers : |
State Bank of India, IF Branch, 1st Floor, Neptune Tower Annex,
Near Gandhgram Railway Station, Ashram Road, Ahmedabad-380009, Gujarat, India
|
|||||||||
|
|
|
|||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ghetiya M. C. and Company Chartered Accountants |
|
Address : |
315, Plenary Arcade, Near Bombay Patrol Pump, Gondal Road, Rajkot-360002,
Gujarat, India |
|
Mobile No.: |
91-9537662232 |
|
E-Mail : |
|
|
PAN No: |
AJOPG3565D |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2400000 |
Equity Shares |
Rs.10/- each |
Rs.24.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2250000 |
Equity Shares |
Rs.10/- each
|
Rs.22.500
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
22.500 |
1.000 |
|
|
2] Share Application Money |
|
0.000 |
56.279 |
|
|
3] Reserves & Surplus |
|
92.883 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
115.383 |
57.279 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
184.022 |
38.933 |
|
|
2] Unsecured Loans |
|
189.197 |
16.485 |
|
|
TOTAL BORROWING |
|
373.219 |
55.418 |
|
|
DEFERRED TAX LIABILITIES |
|
14.686 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
503.288 |
112.697 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
419.139 |
0.000 |
|
|
Capital work-in-progress |
|
0.000 |
31.951 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
168.938
|
0.000 |
|
|
Sundry Debtors |
|
89.210
|
0.000 |
|
|
Cash & Bank Balances |
|
59.950
|
36.896 |
|
|
Other Current Assets |
|
2.278
|
6.701 |
|
|
Loans & Advances |
|
36.917
|
38.536 |
|
Total
Current Assets |
|
357.293
|
82.133 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
270.465
|
1.362 |
|
|
Other Current Liabilities |
|
2.663
|
0.025 |
|
|
Provisions |
|
0.016
|
0.000 |
|
Total
Current Liabilities |
|
273.144
|
1.387 |
|
|
Net Current Assets |
|
84.149
|
80.746 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
503.288 |
112.697 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
|
171.348 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
|
128.832 |
0.000 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
42.516 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
18.552 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
23.964 |
0.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
23.879 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
|
0.085 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
14.702 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
|
(14.617) |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
|
0.000 |
0.000 |
|
|
|
Dividend |
|
0.000 |
0.000 |
|
|
|
Tax on Dividend |
|
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
|
(14.617) |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
(6.50) |
0.00 |
|
Expected Sales (2012-13) : Rs.800.000 Millions.
The above information has been parted by Mr. Savan.
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
|
(8.53) |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
0.01 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
3.23 |
0.97 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.30 |
59.22 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last two years |
Yes |
|
12] |
Profitability for last two 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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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] |
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 S. No. 159, Matel
Road, N.H. 8A, Dhuva, Taluka Wankaner, Lakaddhar-363622, Gujarat, India to the present address.
OPERATION AND PROSPECTS:
During the current year of operations, the
company has achieved a turnover of Rs.171.348 Millions. The company has earned
a profit of Rs.42.516 Millions before depreciation and interest and a profit of
Rs.0.085 Million after providing for depreciation and interest. The directors
are trying their level best to improve the performance of the company in terms
of turnover and profitability. The prospects of the company’s business are
bright and positive.
|
Unsecured Loan |
As
on 31.03.2012 [Rs.
in Millions] |
As
on 31.03.2011 [Rs.
in Millions] |
|
Loan Repayable on Demand |
151.222 |
0.000 |
|
Public Deposits |
6.091 |
0.000 |
|
Loans and Advances From Related Party |
31.884 |
16.485 |
|
TOTAL
|
189.197 |
16.485 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10278162 |
|
Corporate
identity number of the company |
U26914GJ2010PTC063247 |
|
Name of the
company |
REDSTONE GRANITO
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
S. No. 159, Matel Road, N.H. 8A, Dhuva, Taluka Wankaner,
Lakaddhar-363622, Gujarat, India |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
State Bank of India, IF Branch, 1st Floor, Neptune Tower
Annex, Near Gandhgram Railway Station, Ashram Road, Ahmedabad-380009,
Gujarat, India Email: sbi.60327@sbi.co.in |
|
Nature of description
of the instrument creating or modifying the charge |
Memorandum
relating to Deposit of title Deeds |
|
Date of
instrument Creating the charge |
02.02.2012 |
|
Amount secured by
the charge |
Rs.566.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest CC : 11.25 %
presently, TL: 11.75 %
presently. Terms of Repayment WC : On demand, TL :
71 Monthly. Installments. Margin 40 % :
Receivables, 30 % : FG, SIP,
Stores and Spares 25 % : Others, 36.92%: TL, 10 : BG and LC. Extent and Operation of the charge First charge of
SBI. |
|
Short particulars
of the property charged |
EM of factory land
and building of R. K. Industries situated at S. No. 24/1 and 24/2, vill.
Shapar, Tal. Kotda sangani, Dist. Rajkot more particularly described in the
copy of agreement EM of factory
land and building of Mr. Jitendra Gopalbhai Raiyani situated at S. No. 31-32,
Nanamava, At. Silverstone, Nanamava |
|
Particulars of
the present modification |
The bank has
sanctioned the credit facilities of Rs. 5560.00 lacs by securing the property
of R. K. Industries and Mr. Jitendra Gopalbhai Raiyani. |
FIXED ASSETS:
- Factory Land
- Machinery
- Factory Shed
- Lab Equipment
- Electrification
- Tractor
- Trailer
- Maruti Ritz
- Furniture
- Mobile
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.54.28 |
|
|
1 |
Rs.82.05 |
|
Euro |
1 |
Rs.70.23 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.