1. Summary Information
|
Country |
India |
||
|
Company Name |
CAPTAIN PIPES PRIVATE LIMITED |
Principal Name 1 |
Mr. Rameshbhai Devrajbhai Khichadia |
|
Status |
CAPTAIN PIPES PRIVATE LIMITED |
Principal Name 2 |
Mr. Gopal Devrajbhai Khichadia |
|
Registration # |
04-059094 |
||
|
Street Address |
Survey No-257, Plot No. 23 To 28, N.H. No. 8-B, Shapar (Veraval),
Rajkot-360002, Gujarat, India |
||
|
Established Date |
05.01.2010 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Manufacturer |
|
Fax # |
Not Available |
Business Style 2 |
Supplier |
|
Homepage |
Product Name 1 |
High Tensile |
|
|
# of employees |
Not Available |
Product Name 2 |
High Impact Unplasticised PVC Threaded Pipes |
|
Paid up capital |
Rs. 4,495,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors -100.00% |
Banking |
Bank of Baroda |
|
Public Limited Corp. |
No |
Business Period |
3 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (27) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Group Companies |
-- |
Captain Polyplast Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
19,592,000 |
Current Liabilities |
24,438,000 |
|
Inventories |
28,133,000 |
Long-term Liabilities |
65,905,000
|
|
Fixed Assets |
47,553,000 |
Other Liabilities |
68,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
90,411,000 |
|
Invest& other Assets |
700,000 |
Retained Earnings |
1,072,000 |
|
|
|
Net Worth |
5,567,000 |
|
Total Assets |
95,978,000 |
Total Liab. & Equity |
95,978,000 |
|
Total Assets (Previous Year) |
74,520,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
105,275,000 |
Net Profit |
(13,557,000) |
|
Sales(Previous yr) |
20,162,000 |
Net Profit(Prev.yr) |
(3,024,000) |
MIRA INFORM REPORT
|
Report Date : |
25.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
CAPTAIN PIPES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No-257, Plot No. 23 To 28, N.H. No. 8-B, Shapar (Veraval),
Rajkot-360002, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
05.01.2010 |
|
|
|
|
Com. Reg. No.: |
04-059094 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 4.495 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25191GJ2010PTC059094 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Supplier of High Tensile,
High Impact Unplasticised PVC Threaded Pipes. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 22000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slot but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record.
There appears huge loss during 2012. The external borrowing appears to be
huge. However, trade relations are reported to be 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 / Corporate Office: |
Survey No-257, Plot No. 23 To 28, N.H. No. 8-B, Shapar (Veraval),
Rajkot-360002, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Rameshbhai Devrajbhai Khichadia |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
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|
Address : |
A-13, AALAP Avenue, University Road, Rajkot- 360005, Gujarat, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
11.05.1966 |
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|
Date of Appointment : |
05.01.2010 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00087859 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
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|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Gopal Devrajbhai Khichadia |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
203, Utsav Complex, Swaminarayan Chowk, Rajkot- 360004, Gujarat, India |
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|
Date of Birth/Age : |
15.01.1975 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
05.01.2010 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00127947 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Kantilal Manilal Gedia |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
2, Shiv Apartment, Patel Park, Mayani Chowk, Rajkot- 360005, Gujarat, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.11.1957 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
05.01.2010 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00127949 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Rameshbhai Devrajbhai Khichadia |
|
122500 |
|
Gopal Devrajbhai Khichadia |
|
104200 |
|
Kantibhai Manibhai Gedia |
|
25800 |
|
Tansukhbhai D. Khichadiya |
|
100 |
|
Rashmitaben G. Khichadiya |
|
20100 |
|
Jayaben A. Patel |
|
100 |
|
Gaurang A. Patel |
|
100 |
|
Kanji Mohanbhai Pansuriya |
|
60000 |
|
Panorama Commercial Private Limited, India |
|
5000 |
|
Maple Dealer Private Limited, India |
|
5000 |
|
Amar Commercial Private Limited, India |
|
20000 |
|
RED Hot Mercantile Private Limited, India |
|
20000 |
|
Arcadia Mercantile Capital Limited, India |
|
11000 |
|
Lakshya Securities and credit Holding Limited, India |
|
10000 |
|
Sangeetaben R. Khichadia |
|
15000 |
|
Dharmesh Pansuriya |
|
20000 |
|
Silverline Mercantile Private Limited, India |
|
700 |
|
Genesis Merchants Private Limited, India |
|
2100 |
|
Zenith Vintrade Private Limited, India |
|
800 |
|
Suburban Cooling Towers Private Limited, India |
|
4000 |
|
Mayur Pulses Private Limited, India |
|
3000 |
|
Total |
|
449500 |
Allottees as on 11.02.2013
|
Names of Allottees |
|
No. of Shares |
|
Rameshbhai D.Khichdia – HUF |
|
100000 |
|
Captain Polyplast Limited, India |
|
35000 |
|
Total |
|
135000 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of High Tensile, High
Impact Unplasticised PVC Threaded Pipes. |
||||
|
|
|
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|
Products : |
|
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
|
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Facilities : |
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Banking
Relations : |
-- |
|
|
|
|
Financial Institution: |
Tata Capital Financial Services Limited, One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai - 400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
P. H. Patel and Associates Chartered Accountants |
|
Address : |
709, Dhanrajni, Near Hotel Imperial Palace, Dr. Yagnik Road, Dr.
Yagnik Road, Rajkot- 360001, Gujarat, India |
|
Tel. No.: |
91-281-2481148 |
|
Mobile No.: |
91-9898149466 |
|
E-Mail : |
|
|
PAN No.: |
ACWPP5122A |
|
|
|
|
Group Companies : |
|
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital : Rs. 12.500
millions
Issued, Subscribed & Paid-up Capital : Rs. 11.288 millions
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
449500 |
Equity Shares |
Rs.10/- each |
Rs. 4.495 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 |
4.495 |
4.495 |
3.364 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1.072 |
13.860 |
6.390 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
5.567 |
18.355 |
9.754 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
52.269 |
36.112 |
7.500 |
|
|
2] Unsecured Loans |
13.636 |
3.831 |
0.906 |
|
|
TOTAL BORROWING |
65.905 |
39.943 |
8.406 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
71.472 |
58.298 |
18.160 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
47.553 |
46.343 |
13.999 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.700 |
0.700 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
28.133
|
16.464 |
0.000 |
|
|
Sundry Debtors |
13.260
|
1.164 |
0.000 |
|
|
Cash & Bank Balances |
0.657
|
0.320 |
0.078 |
|
|
Other Current Assets |
1.704
|
1.902 |
0.003 |
|
|
Loans & Advances |
3.971
|
7.627 |
3.595 |
|
Total
Current Assets |
47.725
|
27.477 |
3.676 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
24.208
|
15.238 |
0.134 |
|
|
Other Current Liabilities |
0.230
|
0.823 |
0.000 |
|
|
Provisions |
0.068
|
0.161 |
0.048 |
|
Total
Current Liabilities |
24.506
|
16.222 |
0.182 |
|
|
Net Current Assets |
23.219
|
11.255 |
3.494 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.667 |
|
|
|
|
|
|
|
|
TOTAL |
71.472 |
58.298 |
18.160 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
105.275 |
20.162 |
0.000 |
|
|
|
Other Income |
0.083 |
0.052 |
0.000 |
|
|
|
TOTAL (A) |
105.358 |
20.214 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Stock-in-Trade |
99.366 |
33.591 |
0.000 |
|
|
|
Employee Benefits expenses |
5.082 |
0.482 |
0.000 |
|
|
|
Other Expenses |
11.946 |
1.789 |
0.000 |
|
|
|
Changes in inventories of finished goods work-in-progress and
Stock-in-Trade |
(11.669) |
(16.464) |
0.000 |
|
|
|
TOTAL (B) |
104.725 |
19.398 |
0.000 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (A-B) (C) |
0.633 |
0.816 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.733 |
2.025 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(8.100) |
(1.209) |
0.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.457 |
1.815 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
(13.557) |
(3.024) |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
(13.557) |
(3.024) |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(30.16) |
(6.73) |
0.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(12.87)
|
(14.96) |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(12.88)
|
(15.00) |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(14.23)
|
(4.10) |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(2.44)
|
(0.16) |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
11.84
|
2.18 |
0.86 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.95
|
1.69 |
20.20 |
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 |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
NOTE
The registered office of the company has been shifted from UL25, Royal
Complex Bhutkhana Chowk, Dhebar Road, Rajkot-360001, Gujarat India to the present
address w.e.f. 24.02.2011
GENERAL REVIEW
The company's performance was not satisfactory during the year. The company could not achieve its turnover as well it could not achieve its target of Net Profit. The Directors are hopeful that the company shall be able to achieve its target of Net Profit in the year to come. The future of the company seems to be bright.
UNSECURED LOAN
|
Particulars |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
In Millions) |
|
Dharmesh Pansuria |
0.600 |
0.600 |
|
Gaurang A. Patel |
0.310 |
0.310 |
|
Girdharbhal D. Khichadia (HUF) |
0.400 |
0.400 |
|
Gopalbhai D. Khichadia |
1.155 |
0.000 |
|
Gopalbhai D. Khichadia (HUF) |
0.550 |
0.550 |
|
Jayaben A. Patel |
0.263 |
0.263 |
|
Kanji Mohanbhai Pansuria |
0.300 |
0.300 |
|
Kantilal M. Gedia |
1.850 |
0.000 |
|
Kantilal M. Gedia (HUF) |
0.350 |
0.350 |
|
Rameshbhai D. Khichadia |
6.800 |
0.000 |
|
Rameshbhai D. Khichadia (HUF) |
0.325 |
0.325 |
|
Rashmitaben G. Khichadia |
0.127 |
0.127 |
|
Tansuknbhai D. Khichadia |
0.206 |
0.206 |
|
Tansukiibhai D. Khichadia (HUP) |
0.400 |
0.400 |
|
Total |
13.636 |
3.831 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U25191GJ2010PTC059094 |
|
Name of the company
|
CAPTAIN PIPES
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Survey No-257, Plot No. 23 To 28, N.H. No. 8-B, Shapar (Veraval),
Rajkot-360002, Gujarat, India E-mail: csksdoffice@gmail.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10391835 |
|
Type of charge |
Movable property (not being pledge) |
|
Particular of charge holder |
Tata Capital Financial Services Limited, One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai - 400001, Maharashtra, India E-mail: avan.doomasia@tatacapital.com |
|
Nature of instrument
creating charge |
Deed of
modification dated 19.03.2013 |
|
Date of
instrument Creating the charge |
19.03.2013 |
|
Amount secured by
the charge |
Rs. 9.850
millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest Long Term Lending
Rate (LTLR) @18.00% per annum. Rate of Interest
@ LTLR minus 3.50% i.e 14.50% per annum Terms of Repayment Principal and
Interest amount to be repaid in 60 months. Margin Margin @ 20% of
Invoice / Machine Value Extent and Operation of the charge The charge
extends to the due repayment of the loan of Rs. 9.850 millions including
interest, additional interest, costs, charges, expenses and all other monies
payable under the Agreement dated 29.11.2012 In the event of
default in payment of interest or repayment of principal amount of the Loan
the Borrower shall pay to the Lender, further interest @ 6% p.a. as penal
interest. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Twin screw RPVC
line model KTS 350 Water cooled
screw chiller model 185.14 Online socketing
machine |
|
Particulars of
the present modification |
Charge dated 29.11.2012
was created by hypothecation of Assets / Equipments appearing in Serial No 4
of Loan cum Hypothecation Agreement shall stands deleted and replaced by
Assets / Equipments |
FIXED ASSETS
- Factory
Building
- Plant and
Machinery
- Factory
Equipment
- Computer
Equipments
- Other
Equipments
- Furniture and
Fixtures
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.55.61 |
|
|
1 |
Rs.83.98 |
|
Euro |
1 |
Rs.71.94 |
INFORMATION DETAILS
|
Report Prepared by
: |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--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 |
|
27 |
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.