1. Summary Information
|
|
|
Country |
India |
|
Company Name |
NAKODA MACHINERY
PRIVATE LIMITED |
Principal Name 1 |
Mr. Kamlesh Kanwarlal Jain |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Jitendra Kanwarlal Jain |
|
|
|
Registration # |
25-019071 |
|
Street Address |
Raj Chambers, Kotta Stand, Ahmednagar – 414 001, Maharashtra, India |
||
|
Established Date |
31.03.2004 |
SIC Code |
-- |
|
Telephone# |
91-241-2353366/241 |
Business Style 1 |
Manufacturers |
|
Fax # |
91-241-2341452 |
Business Style 2 |
Trader |
|
Homepage |
Product Name 1 |
Industrial Machinery |
|
|
# of employees |
Around 56 (38 Office, 18 Factory) (Approximately) |
Product Name 2 |
Rock Drilling Tools |
|
Paid up capital |
Rs.5,466,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors
or Relatives of Directors – 100% |
Banking |
Axis Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
9 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba (50) |
|
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 |
195,086,000 |
Current Liabilities |
85,941,000 |
|
Inventories |
114,900,000 |
Long-term Liabilities |
125,897,000 |
|
Fixed Assets |
23,311,000 |
Other Liabilities |
226,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
212,064,000 |
|
Invest& other Assets |
36,913,000 |
Retained Earnings |
152,680,000 |
|
|
|
Net Worth |
158,146,000 |
|
Total Assets |
370,210,000 |
Total Liab. & Equity |
370,210,000 |
|
Total Assets (Previous Year) |
312,539,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
553,199,000 |
Net Profit |
34,662,000 |
|
Sales(Previous yr) |
415,814,000 |
Net Profit(Prev.yr) |
20,127,000 |
MIRA
INFORM REPORT
|
Report Date : |
10.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
NAKODA MACHINERY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Raj Chambers, Kotta Stand, Ahmednagar – 414 001, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
31.03.2004 |
|
|
|
|
Com. Reg. No.: |
25-019071 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.5.466
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29259PN2004PTC019071 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCN9055E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers, Trader and Dealer of Industrial Machinery, Rock
Drilling Machinery and their consumable Items. |
|
|
|
|
No. of Employees
: |
Around 56 (38 Office, 18 Factory) (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 630000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and reputed company having satisfactory
track. Directors are reported as experienced and respectable businessmen. Trade
relations are reported as fair. Business is active. Payments are usually
correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
SE 1A |
|
Rating Explanation |
Highest Performance Capability and High
Financial Strength. |
|
Date |
20.07.2012 |
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/ Factory 1 : |
Raj Chambers, Kotta Stand, Ahmednagar – 414 001, Maharashtra, India |
|
Tel. No.: |
91-241-2353366/ 241/ 2327770/ 2417410 |
|
Mobile No.: |
91-9422222355 (Mr. Jinesh) 91-9422222388 (Mr. Kamlesh. K. Jain) |
|
Fax No.: |
91-241-2341452 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1200 sq.fts |
|
Location : |
Owned |
|
|
|
|
Head Office : |
139, Patil Plaza, Saras Baug, Pune – 411 009, Maharashtra, India |
|
Tel No.: |
91-20-24224333 |
|
|
|
|
Factory 2 : |
Drill Division D-87, MIDC Industrial Area, Ahmednagar – 414 111, |
|
Tel. No.: |
91-241-2777148 |
|
|
|
|
Factory 3 : |
Located at · Bangalore, Karnataka, India · New Delhi, India · Mumbai, Maharashtra, India · Beawar, Rajasthan, India · Puducherry, Pondicherry, India · Kolkata, West Bengal, India |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Kamlesh Kanwarlal Jain |
|
Designation : |
Director |
|
Address : |
4, Shivaji Housing Society, Rishabh Bunglow Near Dharmik Pariksha
board, Ahmed Nagar – 414001, Maharashtra, India |
|
Date of Birth : |
01.07.1962 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
31.03.2004 |
|
DIN No.: |
00571907 |
|
|
|
|
Name : |
Mr. Jitendra Kanwarlal Jain |
|
Designation : |
Director |
|
Address : |
4, Shivaji Housing Society, Rishabh Bunglow Near Dharmik Pariksha
board, Ahmed Nagar – 414001, Maharashtra, India |
|
Date of Birth/Age : |
11.04.1969 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
31.03.2004 |
|
DIN No.: |
00571943 |
|
|
|
|
Name : |
Mr. Kiran Kanwarlal Jain |
|
Designation : |
Director |
|
Address : |
4, Shivaji Housing Society, Rishabh Bunglow Near Dharmik Pariksha
board, Ahmed Nagar – 414001, Maharashtra, India |
|
Date of Birth/Age : |
28.05.1971 |
|
Qualification : |
B.E. (Mech), MBA |
|
Date of Appointment : |
31.03.2004 |
|
DIN No.: |
00571982 |
|
|
|
|
Name : |
Mrs. Rohini Kamlesh Jain |
|
Designation : |
Director |
|
Address : |
A – 4/5, Raj Chambers Kothala Stand, Ahmendnagar - 414001, Maharashtra, India |
|
Date of Birth/Age : |
03.03.1965 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
31.03.2004 |
|
DIN No.: |
01736127 |
MAJOR SHAREHOLDERS
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Kamlesh Jain |
|
14200 |
|
Kiran Jain |
|
14200 |
|
Jitendra Jain |
|
14200 |
|
Rohini Kamlesh Jain |
|
12060 |
|
|
|
|
|
Total |
|
54660
|
As on: 25.10.2012
|
Names of Allottees |
|
No. of Shares |
|
|
|
|
|
Sameer A Oberoi |
|
2376 |
|
Jinesh Vimal Chand Jain |
|
2376 |
|
C. Natraja |
|
1212 |
|
|
|
|
|
Total |
|
5964 |
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 : |
Manufacturers, Trader and Dealer of Industrial Machinery, Rock
Drilling Machinery and their consumable Items. |
GENERAL INFORMATION
|
No. of Employees : |
Around 56 (38 Office, 18 Factory) (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
·
Axis Bank Limited, Credit Management Centre,
214/214, City Mall, 2nd Floor, Plot No. 1 S. No. 132, GaneshKhind,
Pune – 411007, Maharashtra, India ·
State Bank of Bikaner and Jaipur, 82/2A, Gaj
Laxmi Society, Shakar Nagar 1, Opposite Shinde High School, Pune - 411009,
Maharashtra, India ·
Bank
of Baroda ·
HDFC
Bank Limited ·
Axis Bank Limited, 1262/B Sterling Plaza Ground
Floor, Jangli Maharaj Road, Deccan Gymkhana, Pune – 411 004, Maharashtra,
India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M.S. Barmecha and Company Chartered Accountants |
|
Address : |
201/B, Mutha Chambers, Market Yard Road, Ahmednagar – 414001, Maharashtra,
India |
|
Tel. No.: |
91-241-2417522 |
|
PAN No.: |
AEHPB8677D |
CAPITAL STRUCTURE
After: 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.100/- each |
Rs.30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60624 |
Equity Shares |
Rs.10/- each |
Rs.6.062 Millions |
|
|
|
|
|
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
54660 |
Equity Shares |
Rs.10/- each |
Rs.5.466
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 |
5.466 |
5.466 |
5.466 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
152.680 |
118.407 |
98.008 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
158.146 |
123.873 |
103.474 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
89.673 |
92.709 |
58.059 |
|
|
2] Unsecured Loans |
36.224 |
42.379 |
46.301 |
|
|
TOTAL BORROWING |
125.897 |
135.088 |
104.360 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
284.043 |
258.961 |
207.834 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
23.311 |
32.295 |
79.761 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
36.913 |
53.656 |
25.530 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
114.900 |
80.072 |
61.386 |
|
|
Sundry Debtors |
157.933 |
114.617 |
79.248 |
|
|
Cash & Bank Balances |
24.442 |
18.916 |
11.616 |
|
|
Other Current Assets |
6.873 |
0.000 |
0.000 |
|
|
Loans & Advances |
5.838 |
12.983 |
7.513 |
|
Total
Current Assets |
309.986 |
226.588 |
159.763 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
61.527
|
|
45.899
|
|
|
Current Liabilities |
24.414 |
47.323 |
6.763 |
|
|
Provisions |
0.226 |
6.255 |
4.558 |
|
Total
Current Liabilities |
86.167 |
53.578 |
57.220 |
|
|
Net Current Assets |
223.819 |
173.010 |
102.543 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
284.043 |
258.961 |
207.834 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
|
|
|
Income |
553.199 |
415.814 |
339.337 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
553.199 |
415.814 |
339.337 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
502.191 |
|
334.504 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
502.191 |
386.181 |
334.504 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
51.008 |
29.633 |
4.833 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
16.346 |
9.506 |
1.355 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
34.662 |
20.127 |
3.478 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
133.642 |
100.195 |
|
|
TOTAL IMPORTS |
NA |
133.642 |
100.195 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
634.14 |
368.22 |
63.63 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
6.26
|
4.84
|
1.02
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.30
|
11.45
|
2.02
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32
|
0.24
|
0.05
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.80
|
1.09
|
1.01
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.60
|
4.23
|
2.79
|
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 |
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 |
OPERATIONAL REVIEW:
The Director are confident that the company will
continue to maintain its good quality of product and director are optimistic
for a bring future of the company.
UNSECURED LOAN:
|
Particulars |
|
As
on 31.03.2012 |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and
advances from Related Parties |
|
|
|
From Key Management Personnel |
|
6.364 |
|
From Relatives of Key Management |
|
29.860 |
|
Total |
|
36.224 |
CONTINGENT LIABILITIES AS ON 31.03.2012
Claims against the company not acknowledged as
debt
Bank Guarantee Rs.0.398 Million
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U29259PN2004PTC019071 |
|
Name of the
company |
NAKODA MACHINERY
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
Raj Chambers,
Kotta Stand, Ahmednagar – 414001, Maharashtra, India Email : kamlesh@irt.co.in |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10203850 |
|
Type of charge |
·
Immovable property ·
Book
debts ·
Movable
property (not being pledge) ·
Floating
charge |
|
Particular of
charge holder |
Axis Bank Limited, Credit Management Centre, 214/214, City Mall, 2nd Floor,
Ganesh Khind (Pune University) Road, Pune – 411007, Maharashtra, India Email : niranjan.sonawane@axisbank.com
|
|
Nature of
instrument creating charge |
1) Supplementary
cum Link Document for Re schedulement of Limit dated 24th
February, 2012 2) Bank Letter (Both the
documents executed for a single modification) |
|
Date of
instrument Creating the charge |
24.02.2012 |
|
Amount secured by
the charge |
Rs.172.500
Millions |
|
Brief of the
principal terms and conditions and extent and operation of the charge |
Rate of Interest As per Agreement
with the Bank Terms of repayment As per Agreement
with the Bank Margin As per Agreement with
the Bank Extent and operation of the charge Details of
Facilities (Rs. in Millions): CC 10.000, TL I 25.000, TL II 10.000, TL III
30.000, TL IV 30.000, Letter of Credit (Inland/Import) 57.500, LC
(Inland/Import) Interchangeability from CC to LC (10.000), Buyer's Credit/BG
for Buyer's Credit (Sub limit of LC limit) (50.000), LER(sub limit of LC
Limit)(5.000) Bank Guarantee (Sub-limit of LC Limit)(10.000), Adhoc LC
10.000, Total Rs.172.500 Millions. Exclusive charge
of Axis Bank on hypothecated and mortgaged assets and charge shall continue
till full repayment of Loan |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of (A)All tangible
movable machinery, plant and machinery, fixtures, fittings, other
installation, cranes, furniture, computers and other accessories, vehicles
together with spares, tools, accessories, and all other articles (B) Whole of
Movable Goods and assets, both present and future, all stocks of raw material,
work in process, semi-finished goods, finished goods, packing materials,
consumable stores and spares (C)All the
present and future book debts, outstanding monies, receivables, claims,
bills, contracts, engagements and securities Mortgage of immovable properties
of Company - Property A - All that piece and parcel of the property bearing Plot No.D-87 in
Ahmednagar Industrial Area of MIDC within the Village Limits Nagapur and
outside the limits of Municipal Corporation Taluka and Dist. Ahmednagar
containing by adm.9117 Sq.Mtrs. or thereabouts alongwith factory building and
other structures constructed/to be constructed thereon and the said
Plot. Property B - In
Tirupur Regn.Dist., Palladam Sub-Regn. Dist., Tirupur Taluk, Kattur
Village,S.F.No.367 adm.8.655 acres(Hec.3.50.5)out of which 1.20 Acres of Dry
Land. In the midst 1.20 Acres(Hec.0.48.5) togetherwith pathway which enters
through SF No.210N-S Itteri and proceeds in the middle of SF No.371/1B and it
continues in 371/1A northern side end through SF No.370 Northern Portion and
passes through 7 meter wide passage in SF No.369 and reaches SF No.O.367 and
other Carttracks. Mortgage of
immovable property of Kamlesh Jain, Director of the Company – All that piece of
Property bearing Residential Bunglow totally adm.772 Sq.Fts. Built up area,
constructed on the Land bearing
Plot No.51 of Sant Ramdas Sahkari Grih Rachana Sanstha Maryadit, situated on
the land bearing S.No.55 and 56/1,corresponding C.T.S.No.3608, adm. about 196
Sq.Mtrs. situated at Parvati, Pune -411009,Taluka Pune City, District Pune Deposition of FDR
of Rs.100.000 Millions in the name of the Company and lien over the same. |
|
Date of
instrument modifying the charge |
29.12.2011 |
|
Particulars of
the present modification |
Buyer's Credit
Limit enhanced from existing Rs.40.000 Millions to Rs.50.000 Million as a
sublimit of LC. Other Terms and
Conditions remains the same. Total facilities
of Rs.172.500 Millions stands secured. |
FIXED ASSETS:
·
Land Development
·
MIDC Shed
·
Wind Mill
·
Plant and Machinery
·
Pattern and Dies
·
Tools and Trackles
·
Electrical Installation
·
Furniture and Fixtures
·
Inventor
·
Fax Machine
·
E.P.A.B.X.
·
Telephone and
·
Computer
·
Motor Cycle
·
Vehicle (Cars)
·
Cycle
·
Wind Mill Project
·
·
Land
·
·
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 records 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.54.24 |
|
|
1 |
Rs.84.30 |
|
Euro |
1 |
Rs.71.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
50 |
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.