MIRA INFORM REPORT
|
Report Date : |
08.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
AUMPRASAD CASTING PRIVATE LIMITED |
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Registered
Office : |
Plot No - 214, Sector No – 10, Pcndta, Bhosari, Pune – 411026, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
30.06.2007 |
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Com. Reg. No.: |
11-130410 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
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CIN No.: [Company Identification
No.] |
U27310PN2007PTC130410 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Aluminium Casting |
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No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 2800 |
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Status : |
Small Company |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a small company in its field. Its scale of activities is
limited. It has a moderate track record. There appear huge external borrowings
recorded by the company. The liquidity of the company is below – average. However, trade relations are reported as fair. Business is active.
Payment terms are slow. 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.
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 (GENERAL DETAILS)
|
Name : |
Mr. Sanjay Shantilal Bhandari |
|
Designation : |
Director |
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Contact No.: |
91-9422024623 |
|
Date : |
07.05.2013 |
LOCATIONS
|
Registered Office / Factory : |
Plot No - 214, Sector No – 10, Pcndta, Bhosari, Pune –
411026, Maharashtra, India |
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Tel. No.: |
91-20-32609140 / 66123626 |
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Mobile No.: |
91-9422024623 (Mr. Sanjay S Bhandari) |
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Fax No.: |
91-20-27490095 |
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E-Mail : |
info@aumprasadcasting.com
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Website : |
DIRECTORS
As on 29.09.2012
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Name : |
Mrs. Sachita Sanjay Bhandari |
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Designation : |
Director |
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Address : |
Omkar Rl-176, G Block, MIDC Chinchwad, Pune – 411019,
Maharashtra, India |
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Date of Birth/Age : |
27.02.1972 |
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Date of Appointment : |
30.06.2007 |
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DIN No.: |
01498703 |
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Name : |
Mr. Sanjay Shantilal Bhandari |
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Designation : |
Director |
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Address : |
Omkar Rl-176, G Block, MIDC Chinchwad, Pune – 411019, Maharashtra, India |
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Date of Birth/Age : |
10.05.1969 |
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Date of Appointment : |
30.06.2007 |
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DIN No.: |
01498709 |
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Name : |
Mr. Amar P Shitole |
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Designation : |
Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sanjay Shantilal Bhandari |
|
5000 |
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Sachita Sanjay Bhandari |
|
5000 |
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Total |
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10000 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Aluminium Casting |
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash / Credit |
GENERAL INFORMATION
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Customers : |
Retailers and End Users |
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No. of Employees : |
20 (Approximately) |
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Bankers : |
Not Available |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
N.C. Lahoti and Company Chartered Accountants |
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Address : |
Office No.30 , A Wing , Jewel
of Pimpri, Kamala Cross Road , Pimpri, Pune – 411018, Maharashtra |
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PAN.: |
AAQPL3094B |
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Sister Concern : |
Shanti Metals Address: Pune, Maharashtra, India |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
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Reconciliation of the
shares outstanding at the beginning and at the end of the period
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Particular |
No of Shares |
Rs. In Millions |
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At the Beginning of the period |
10,000.00 |
0.100 |
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Issued during the period |
- |
- |
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Outstanding at the end of the period |
10,000.00 |
0.100 |
I Details of
Shareholders holding more than 5% shares in the Company
|
Particular |
No of Shares |
Percentage Held |
|
San jay Shantital Bhandari |
5,000.00 |
50% |
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Sachita San jay Bhandari |
5,000.00 |
50% |
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Total |
10,000.00 |
100.00% |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.624 |
0.357 |
0.141 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
0.724 |
0.457 |
0.241 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
6.292 |
3.561 |
6.314 |
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TOTAL BORROWING |
6.292 |
3.561 |
6.314 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
7.016 |
4.018 |
6.555 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
7.857 |
6.075 |
5.230 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.030 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.585
|
0.210 |
0.088 |
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Sundry Debtors |
4.502
|
1.967 |
2.979 |
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Cash & Bank Balances |
0.683
|
1.204 |
0.968 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
1.907
|
0.287 |
0.542 |
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Total
Current Assets |
7.677
|
3.668 |
4.577 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
5.584
|
4.540 |
2.524 |
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Other Current Liabilities |
2.020
|
0.972 |
0.487 |
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Provisions |
0.944
|
0.213 |
0.241 |
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Total
Current Liabilities |
8.548
|
5.725 |
3.252 |
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Net Current Assets |
(0.871)
|
(2.057) |
1.325 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
7.016 |
4.018 |
6.555 |
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PROFIT & LOSS
ACCOUNT
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|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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SALES |
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Income |
16.942 |
18.804 |
9.415 |
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Other Income |
0.053 |
0.002 |
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TOTAL |
16.995 |
18.806 |
9.415 |
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Less |
EXPENSES |
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Administrative Expenses |
16.653 |
18.503 |
9.267 |
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Advertising Expenses |
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TOTAL |
16.653 |
18.503 |
9.267 |
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PROFIT BEFORE
TAX |
0.342 |
0.303 |
0.148 |
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Less |
TAX |
0.075 |
0.088 |
0.046 |
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PROFIT AFTER TAX
|
0.267 |
0.215 |
0.102 |
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Earnings Per
Share (Rs.) |
26.70 |
21.57 |
NA |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.57
|
1.14 |
1.08 |
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Net Profit Margin (PBT/Sales) |
(%) |
2.02
|
1.61 |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
2.20
|
3.11 |
1.51 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.47
|
0.66 |
0.61 |
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Debt Equity Ratio (Total Debt /Networth) |
|
8.69
|
7.79 |
26.20 |
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Current Ratio (Current Asset/Current Liability) |
|
0.90
|
0.64 |
1.41 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
Rs.
In Millions
|
Particular |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Creditors for Raw Material |
5.584
|
4.540 |
2.524 |
|
Total |
5.584
|
4.540 |
2.524 |
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Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
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2] |
Locality of the firm |
Yes |
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3] |
Constitutions of the firm |
Yes |
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4] |
Premises details |
No |
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5] |
Type of Business |
Yes |
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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 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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
No |
|
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:
During the Year ended on 31st March, 2012 Sales and other income amounted to Rs.16.995 Millions in comparison to Rs.18.806 Millions in the previous year. Company has made Net Profit of Rs. 0.267 Million in comparison to Net Profit of Rs.0.215 Millions in the previous year.
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Long Term Borrowings |
|
|
|
Loans from others |
6.292 |
3.561 |
|
Total |
6.292 |
3.561 |
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FIXED ASSETS
- Computer and Pheripherals
- Plant and Machinery
- Dies
- Furniture and Fixtures
- Land and Building
- Office Equipments
- Electrical Installation
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.84.32 |
|
Euro |
1 |
Rs.71.00 |
INFORMATION DETAILS
|
Information Gathered
by : |
PLK |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
4 |
|
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--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.