1. Summary Information
|
Country |
|
||
|
Company Name |
S. C. Shah and
Company Private Limited |
Principal Name 1 |
Mr. Virendra Shantilal Shah |
|
Status |
Moderate |
Principal Name 2 |
Mr. Bhavesh Virendra Shah |
|
Registration # |
18-44965 |
||
|
Street Address |
518, Anna Salai,
Teynampet, Chennai – 600018, |
||
|
Established Date |
17.05.2000 |
SIC Code |
-- |
|
Telephone# |
91-44-24349268/ 28153162/ 63/ 28460871/ 28158106 |
Business Style 1 |
Trading |
|
Fax # |
91-44-28414477 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Air Conditioners |
|
|
# of employees |
Not Available |
Product Name 2 |
Refrigerators |
|
Paid up capital |
Rs.3,000,000/- |
Product Name 3 |
Televisions |
|
Shareholders |
Directors or Relatives of Directors (100%) |
Banking |
ICICI Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
13 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B (30) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
|
-- |
|
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
26,742,000 |
Current Liabilities |
65,561,000 |
|
Inventories |
61,939,000 |
Long-term Liabilities |
21,818,000 |
|
Fixed Assets |
10,293,000 |
Other Liabilities |
108,000 |
|
Deferred Assets |
000 |
Total Liabilities |
87,487,000 |
|
Invest& other Assets |
000 |
Retained Earnings |
6,987,000 |
|
|
|
Net Worth |
11,487,000 |
|
Total Assets |
98,974,000 |
Total Liab. & Equity |
98,974,000 |
|
Total Assets (Previous Year) |
122,916,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
789,247,000 |
Net Profit |
3,041,000 |
|
Sales(Previous yr) |
64,603,000 |
Net Profit(Prev.yr) |
616,000 |
|
Report Date : |
22.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
S. C. SHAH AND COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
518, Anna Salai, Teynampet, Chennai – 600 018, Tamilnadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
17.05.2000 |
|
|
|
|
Com. Reg. No.: |
18-44965 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 3.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909TN2000PTC044965 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHES20824G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCS0730A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading in Consumer Durables. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 40000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company moderate track record. The company
seems to have moderate networth and low profit margin. However, trade
relations are reported as fair. 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) |
|
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/ Branch Office : |
518, Anna Salai, Teynampet, Chennai – 600018, |
|
Tel. No.: |
91-44-24349268/ 28153162/ 63/ 28460871/ 28158106 |
|
Fax No.: |
91-44-28414477 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Flat No. 2 - B, 2nd Floor, Sreenivasam Apartment, New No. 12, |
|
Tel. No.: |
91-44-4354 6088 / 99 |
|
Fax No.: |
91-44-2815 3164 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
Opposite Spencer's Towers, Next no D2, Police Station,
Anna Salai, Chennai -600002, |
|
Tel. No.: |
91-44-28523163 |
|
Fax No.: |
91-44-28414477 |
|
|
|
|
Retail Outlets : |
Located at: · T. Nagar, Chennai · Annanagar, Chennai · Adyar, Chennai · Mount Road, Chennai · Velachery, Chennai · Valasaravakkam, Chennai · Chrompet |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Virendra Shantilal Shah |
|
Designation : |
Managing Director |
|
Address : |
|
|
Date of Birth/Age : |
16.03.1949 |
|
Date of Appointment : |
17.05.2000 |
|
DIN No.: |
00903368 |
|
|
|
|
Name : |
Mr. Bhavesh Virendra Shah |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
17.05.1976 |
|
Date of Appointment : |
17.05.2000 |
|
DIN No.: |
02092884 |
|
|
|
|
Name : |
Mr. Paras Virendra Shah |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
25.03.1978 |
|
Date of Appointment : |
17.05.2000 |
|
DIN No.: |
00903567 |
|
|
|
|
Name : |
Mrs. Jayakanthi Arunagiri |
|
Designation : |
Director |
|
Address : |
C5, Dhamayanthi Apartments, 17, South MADA Street, Nungambakkam, Chennai – 600034, Tamilnadu, India |
|
Date of Birth/Age : |
13.03.1959 |
|
Date of Appointment : |
17.05.2000 |
|
DIN No.: |
00903641 |
|
|
|
|
Name : |
Mrs. Veena Virendra Shah |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
04.09.1950 |
|
Date of Appointment : |
17.05.2000 |
|
DIN No.: |
02092876 |
|
|
|
|
Name : |
Mrs. Poonam Bhavesh Shah |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
08.10.1976 |
|
Date of Appointment : |
17.05.2000 |
|
DIN No.: |
02092881 |
KEY EXECUTIVES
|
Name : |
Mr. A. M. Gopikrishnan |
|
Designation : |
Company Secretary |
|
Address : |
‘Sri Durga Pearl’, Flat S-3, 151 (New: 14), First Main Road, Sakthivel Nagar, Chennai – 600082, Tamilnadu, India |
|
Qualification : |
B.Com., FICWA, FCS, MCA |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Virendra S. Shah |
|
160900 |
|
Virendra S. Shah |
|
139100 |
|
Total |
|
300000 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading in Consumer Durables. |
|
|
|
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
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|
Bankers : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
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|
Facilities : |
(Rs.
In Millions)
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
U. R. Sanghvi and Company Chartered Accountants |
|
Address : |
311, City Center, 186, Puraasawalkam High Road, Chennai –
600010, Tamilnadu, India |
|
PAN.: |
AAJPS6215L |
CAPITAL STRUCTURE
As on: 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
700000 |
Equity Shares |
Rs.10/- each |
Rs. 7.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs. 3.000
Millions |
|
|
|
|
|
Reconciliation of
Shares outstanding as at the beginning and at the end of the reporting period:
Equity Shares
|
Particular |
Number of Shares |
Amount in Millions |
|
At the beginning of the period |
300000 |
3.000 |
|
(+) Issued during the period |
- |
- |
|
(-) Shares bought back |
- |
- |
|
(+) Preference Shares converted in to Equity Shares |
- |
- |
|
Outstanding at the
end of the period |
300000 |
3.000 |
Rights, Preference
and Restrictions attached to Shares: Equity Shares
The Company has one class of Equity Shares having a par value of Rs.10/- each. Each holder of Equity Shares is entitled to one vote per share held. In the event of liquidation, the Equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding
Shares held by
Holding/ultimate Holding Company and/or their Subsidiaries/Associates
|
Particulars |
Nature of relationship |
|
Equity Shares |
N.A. |
Aggregate number of
Bonus Shares issued, Shares issued for consideration other than cash and Shares
bought back during the period of five years immediately preceding March 31,
2012:
Nil Equity Shares (Previous year Nil) out of the issued, subscribed and paid up share capital were allotted as Bonus Shares in the last five years by capitalisation of Securities Premium and Reserves. 300000 Equity Shares (Previous year Nil) out of the issued, subscribed and paid up share capital were bought back in the last five years.
Details of
Shareholders holding more than 5% Shares in the Company
|
Equity Shares of
Rs.10/- each fully paid up |
No. of Shares |
% of holding |
|
Virendra S Shah |
160900 |
53.63 |
|
Veena Shah. |
139100 |
46.37 |
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 |
3.000 |
3.000 |
3.000 |
|
|
2] Share Application Money |
1.500 |
1.500 |
1.500 |
|
|
3] Reserves & Surplus |
6.987 |
3.947 |
3.331 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
11.487 |
8.447 |
7.831 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
21.818 |
2.535 |
1.420 |
|
|
2] Unsecured Loans |
0.000 |
29.524 |
30.337 |
|
|
TOTAL BORROWING |
21.818 |
32.059 |
31.757 |
|
|
DEFERRED TAX LIABILITIES |
(0.897) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
32.408 |
40.506 |
39.588 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
10.293 |
12.274 |
12.179 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.709 |
0.508 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
61.939 |
83.679 |
50.715 |
|
|
Sundry Debtors |
1.306 |
3.976 |
2.694 |
|
|
Cash & Bank Balances |
9.656 |
3.861 |
3.944 |
|
|
Other Current Assets |
15.007 |
2.855 |
1.932 |
|
|
Loans & Advances |
0.773 |
15.562 |
14.324 |
|
Total
Current Assets |
88.681 |
109.933 |
73.609 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
59.716 |
81.584 |
46.079 |
|
|
Other Current Liabilities |
5.845 |
0.000 |
0.000 |
|
|
Provisions |
1.005 |
0.826 |
0.629 |
|
Total
Current Liabilities |
66.566 |
82.410 |
46.708 |
|
|
Net Current Assets |
22.115 |
27.523 |
26.901 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
32.408 |
40.506 |
39.588 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operation |
|
|
789.247 |
|
|
|
Other Income |
|
|
0.011 |
|
|
|
TOTAL (A) |
|
|
789.258 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials and Components consumed |
|
|
698.335 |
|
|
|
Employee Benefits Expense |
|
|
14.495 |
|
|
|
Other Expenses |
|
|
66.576 |
|
|
|
TOTAL (B) |
|
|
779.406 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
9.852 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
2.621 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
7.231 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
2.530 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
|
4.701 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
1.660 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
|
3.041 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
|
3.947 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
|
6.988 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
10.00 |
|
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
64.603 |
48.624 |
|
|
|
Other Income |
|
0.009 |
0.081 |
|
|
|
TOTAL |
|
64.612 |
48.705 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Selling Expenses |
|
4.769 |
2.953 |
|
|
|
Administrative and Financial Expenses |
|
55.410 |
42.096 |
|
|
|
TOTAL |
|
60.179 |
45.049 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
4.433 |
3.656 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
2.556 |
2.132 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
1.877 |
1.524 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
1.261 |
0.498 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
0.616 |
1.026 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
3.331 |
2.305 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
3.947 |
3.331 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
2.05 |
3.42 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.38
|
0.95 |
2.10 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.59
|
2.91 |
3.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.75
|
1.54 |
1.77 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.41
|
0.22 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.90
|
3.79 |
4.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.33
|
1.33 |
1.57 |
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 |
No |
OPERATIONS
The Company’s performance during the current year has been satisfactory.
UNSECURED LOANS
(Rs in Millions)
|
|
As
on 31.03.2012 |
As
on 31.03.2011 |
|
State Bank of |
0.000 |
6.975 |
|
Standard Chartered Bank (Bill Discount) |
0.000 |
13.178 |
|
HDFc OD A/c |
0.000 |
6.953 |
|
Kotak Mahindra OD A/c |
0.000 |
0.000 |
|
Tata Capital Limited |
0.000 |
2.418 |
|
Total |
0.000 |
29.524 |
CONTINGENT
LIABILITIES
(Rs in Millions)
|
Particular |
31.03.2012 |
31.03.2011 |
|
Towards Sales Tax A.Y. |
4.596 |
4.596 |
|
Towards Sales Tax A.Y. |
5.311 |
5.311 |
|
Towards Sales Tax A.Y. |
0.405 |
0.405 |
|
Towards Service Tax - Rent |
1.685 |
0.000 |
FIXED ASSETS:
·
Plant and Machinery
·
Electrical Fittings
·
Air Conditioner
·
Furniture and Fittings
·
Motor Car/ Vehicles
·
Computer System
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. 82.06 |
|
Euro |
1 |
Rs. 70.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
UDS |
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 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
30 |
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.