1. Summary Information
|
Country |
|
||
|
Company Name |
ABM TELE MOBILES INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Hanif Mohammed |
|
Status |
Moderate |
Principal Name 2 |
Mr. Younus Mohammed |
|
Registration # |
08-045874 |
||
|
Street Address |
No.7 and 8, South End Road, Sheshadripuram, Bangalore – 560 020,
Karnataka, India |
||
|
Established Date |
01.04.2008 |
SIC Code |
-- |
|
Telephone# |
91-80-23567832/41139093 |
Business Style 1 |
Wholesaler |
|
Fax # |
Not Available |
Business Style 2 |
Dealer |
|
Homepage |
-- |
Product Name 1 |
Samsung Mobiles |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.25,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors
or Relatives of Directors – 100% |
Banking |
Axis Bank
Limited |
|
Public Limited Corp. |
No |
Business Period |
5 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B (28) |
|
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 |
184,594,000 |
Current Liabilities |
83,860,000 |
|
Inventories |
96,027,000 |
Long-term Liabilities |
162,499,000 |
|
Fixed Assets |
5,045,000 |
Other Liabilities |
9,096,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
255,455,000 |
|
Invest& other Assets |
84,000 |
Retained Earnings |
5,295,000 |
|
|
|
Net Worth |
30,295,000 |
|
Total Assets |
285,750,000 |
Total Liab. & Equity |
285,750,000 |
|
Total Assets (Previous Year) |
47,138,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
2,158,127,000 |
Net Profit |
341,000 |
|
Sales(Previous yr) |
1,506,729,000 |
Net Profit(Prev.yr) |
560,000 |
MIRA INFORM REPORT
|
Report Date : |
11.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
ABM TELE MOBILES INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.7 and 8, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
01.04.2008 |
|
|
|
|
Com. Reg. No.: |
08-045874 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 25.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32202KA2008PTC045874 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCA9520J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Wholesaler and Dealer of Samsung Mobiles |
|
|
|
|
No. of Employees
: |
Not Available |
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 120000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject has takeover the running business of ABM Communication,
erstwhile a partnership concern. It is an established company having a moderate track record. Profitability
of the company appears to be low. 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 |
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 : |
No.7 and 8, South End Road, Sheshadripuram, Bangalore – 560020,
Karnataka, India |
|
Tel. No.: |
91-80-23567832/ 41139093 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on: 27.09.2012
|
Name : |
Mr. Ameen Abu Mohammed |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
4/1, Walker Lane, Richmond Town, Ashok Nagar, Bangalore – 560 025, Karnataka, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.09.1980 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No. : |
AFKPA3694P |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2009 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01211411 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Hanif Mohammed |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
No.4/1, 2nd Floor, Walker Lane, Longford Town, Bangalore – 560 025, Karnataka, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
28.09.1961 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No. : |
ABAPM5001E |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2009 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01211460 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Afzal Abu Mohammed |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole-time Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
No.4/1, Walker Lane, Richmond Town, Bangalore – 560 025, Karnataka, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.07.1984 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No. : |
AEMPA8420J |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2009 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01211487 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Altaf Hussain |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
No.4/1, Walker Lane, Richmond Town, Bangalore – 560 025, Karnataka, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
28.09.1965 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No. : |
AADPH1651H |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2009 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01211524 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Younus Mohammed |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
No.11, Moyen Villa Road, Langford Town, Bangalore – 560 025, Karnataka, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.08.1955 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No. : |
ACEPM1252C |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2009 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01211547 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 27.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Hanif Mohammed |
|
562500 |
|
Mohammed Ameen |
|
375000 |
|
Younus Mohammed |
|
687500 |
|
Altaf Hussain |
|
562500 |
|
Afzal Abu Mohammed |
|
312500 |
|
Total |
|
2500000 |
As on: 15.01.2013
|
Names of Allottees |
|
No. of Shares
Allotted |
|
Hanif Mohammed |
|
562500 |
|
Mohammed Ameen |
|
375000 |
|
Younus Mohammed |
|
687500 |
|
Altaf Hussain |
|
562500 |
|
Afzal Abu Mohammed |
|
312500 |
|
Total |
|
2500000 |
As on: 25.03.2013
|
Names of Allottees |
|
No. of Shares
Allotted |
|
Hanif Mohammed |
|
450000 |
|
Mohammed Ameen |
|
300000 |
|
Younus Mohammed |
|
550000 |
|
Altaf Hussain |
|
450000 |
|
Afzal Abu Mohammed |
|
250000 |
|
Total |
|
2000000 |
Equity Share Break up (Percentage of Total Equity)
As on: 27.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Wholesaler and Dealer of Samsung Mobiles |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
|
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mallya and Mallya Chartered Accountants |
|
Address : |
No.29/2, 1st Floor, Parijatha Complex, |
|
PAN.: |
AABFM8893Q |
CAPITAL STRUCTURE
After: 27.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs. 70.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs.70.000 Millions |
|
|
|
|
|
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs. 25.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs.25.000
Millions |
|
|
|
|
|
Disclosure of shareholding
more than five per cent in company
|
Name of shareholder |
Number of shares held in company |
Percentage of shareholding in company |
|
Younus Mohammed |
6,87,500 |
27.50% |
|
Altaf Hussain |
5,62,500 |
22.50% |
|
Hanif Mohammed |
5,62,500 |
22.50% |
|
Mohammed Ameen |
3,75,000 |
15.00% |
|
Mohammed Afzal |
3,12,500 |
12.50% |
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 |
25.000 |
25.000 |
25.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
5.295 |
1.878 |
1.318 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
30.295 |
26.878 |
26.318 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
103.563 |
1.700 |
1.475 |
|
|
2] Unsecured Loans |
58.936 |
14.687 |
20.190 |
|
|
TOTAL BORROWING |
162.499 |
16.387 |
21.665 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.008 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
192.794 |
43.273 |
47.983 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
5.045 |
5.367 |
4.306 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.084 |
0.000 |
0.107 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
96.027
|
25.957
|
0.000 |
|
|
Sundry Debtors |
169.968
|
71.518
|
87.514 |
|
|
Cash & Bank Balances |
1.919
|
(71.480)
|
0.412 |
|
|
Other Current Assets |
5.873
|
0.000
|
16.252 |
|
|
Loans & Advances |
6.834
|
15.776
|
0.192 |
|
Total
Current Assets |
280.621
|
41.771
|
104.370 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
83.860
|
0.163
|
|
|
|
Other Current Liabilities |
0.000
|
3.205
|
|
|
|
Provisions |
9.096
|
0.497
|
0.079 |
|
Total
Current Liabilities |
92.956
|
3.865
|
60.800 |
|
|
Net Current Assets |
187.665
|
37.906
|
43.570 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
192.794 |
43.273 |
47.983 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2158.127 |
1506.729 |
1657.852 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
NA |
NA |
NA |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
5.270 |
1.143 |
0.953 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.929 |
0.583 |
0.319 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.341 |
0.560 |
0.634 |
|
|
|
|
|
|
|
|
|
|
NET
PROFIT CARRIED OVER TO BALANCE SHEET |
0.341 |
0.560 |
0.634 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.14 |
0.22 |
1.32 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PBT/Sales) |
(%) |
0.24
|
0.08
|
0.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.84
|
2.42
|
0.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.04
|
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
5.36
|
0.61
|
0.82 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.12
|
10.81
|
1.72 |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Term Loans
Borrowings |
|
|
|
Rupee term loans from others |
6.837 |
|
|
Loans and advances from related parties |
23.820 |
14.687 |
|
Short Loans Borrowings |
|
|
|
Loans and advances from related parties |
28.279 |
|
|
Total |
58.936 |
14.687 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U32202KA2008PTC045874 |
|
Name of the
company |
ABM TELE MOBILES INDIA
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
No.7 and 8, South End Road, Sheshadripuram, Bangalore – 560 020,
Karnataka, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10370810 |
|
Type of charge |
|
|
Particular of charge
holder |
Ing Vysya Bank Limited, 22,Ground Floor, Ing Vysya House, M.G. Road, Bangalore - 560001, Karnataka, India |
|
Nature of
instrument creating charge |
Supplemental Deed
of Hypothecation. |
|
Date of
instrument Creating the charge |
08.01.2013 |
|
Amount secured by
the charge |
Rs.320.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest ODSIT/BD :
IVBR+1.80%p.a. BG : Commission
1% Terms of Repayment ODSIT/BD : On
Demand BG : On Demand Margin ODSIT/BD : 25% on
stocks and book debts. BG : Fixed
deposit-15% for Rs.110.000 Millions (existing limit) and fixed deposit - 25%
for Rs.50.000 Millions (Enhanced limit) Extent and Operation of the charge Pari passu charge
on the stocks and book debts of the company with Axis Bank. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
All the stocks of Samsung products and book debts of the company both present and future. |
|
Particulars of
the present modification |
The total limit
has been enhanced from Rs.245.000 Millions to Rs.320.000 Millions as follows: Limit Existing Modified (Amount in Millions) ODSIT/BD 135.000 160.000 BG 110.000 160.000 The hypothecation
on the current assets of the company extended to the enhanced limit. |
FIXED ASSETS:
- Furniture
- Telephone
- Mobile Phone
- Printer
- Honda Activa
- Water Filter
- Computer
- Honda Die
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.54.54 |
|
|
1 |
Rs.84.19 |
|
Euro |
1 |
Rs.71.11 |
INFORMATION DETAILS
|
Report Prepared by
: |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
|
--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.