1. Summary Information
|
Country |
India |
||
|
Company Name |
QUAD ELECTRONIC SOLUTIONS PRIVATE LIMITED |
Principal Name 1 |
Mr. Raminder Singh Soin |
|
Status |
Moderate |
Principal Name 2 |
Mr. Raymen Soin |
|
Registration # |
01-031153 |
||
|
Street Address |
12-50/4/A, Adjacent To Industrial Estate, Medchal, Hyderabad - 501401,
Andhra Pradesh |
||
|
Established Date |
18.02.1999 |
SIC Code |
-- |
|
Telephone# |
91-8418-308001 |
Business Style 1 |
Manufacturing |
|
Fax # |
91-8418-308066 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Electronic Products |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.97,949,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or Relatives of Directors – 100% |
Banking |
Indian Overseas Bank |
|
Public Limited Corp. |
No |
Business Period |
14 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public Enterprise |
No |
Rating |
B (31) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding Company |
India |
Celestica (India) Private Limited |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
508,941,000
|
Current Liabilities |
261,103,000
|
|
Inventories |
127,451,000
|
Long-term Liabilities |
359,941,000 |
|
Fixed Assets |
111,996,000 |
Other Liabilities |
6,584,000
|
|
Deferred Assets |
0,000 |
Total Liabilities |
627,628,000 |
|
Invest& other Assets |
27,824,000 |
Retained Earnings |
50,635,000 |
|
|
|
Net Worth |
148,584,000 |
|
Total Assets |
776,212,000 |
Total Liab. & Equity |
776,212,000 |
|
Total Assets (Previous Year) |
513,270,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales (Total Income) |
994,440,000 |
Net Profit |
4,184,000 |
|
Sales(Previous yr) (Total Income) |
819,455,000 |
Net Profit(Prev.
yr) |
41,485,000 |
MIRA INFORM REPORT
|
Report Date : |
29.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
QUAD ELECTRONIC SOLUTIONS PRIVATE LIMITED (w.e.f. 25.08.2009) |
|
|
|
|
Formerly Known
As : |
CELESTICA (HYDERABAD) ELECTRONICS PRIVATE LIMITED (w.e.f. 30.06.2006) RAMNISH ELECTRONICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
12-50/4/A, Adjacent to Industrial Estate, Medchal, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
18.02.1999 |
|
|
|
|
Com. Reg. No.: |
01-031153 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 97.949 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52334AP1999PTC031153 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDR00984E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCR5515K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacture of Electronic Printed Circuit Boards |
|
|
|
|
No of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 590000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The profitability of the company has seen a steep decline whereas the
margin is also very low. However, trade relations are fair. Business is active. Payments are
recorded as slow but correct. The company can be considered for business dealing 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/Factory : |
12-50/4/A, Adjacent to Industrial Estate, Medchal, |
|
Tel. No.: |
91-8418-308001/ 308002 |
|
Fax No.: |
91-8418-308066 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
7th Floor, Surya Towers,
SP Road, Secunderabad-500003, Andhra Pradesh, India |
|
Tel. No.: |
91-40-39161617 |
|
Fax No.: |
91-40-39161629 |
|
E-Mail : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Raminder Singh Soin |
|
Designation : |
Managing Director |
|
Address : |
76, 77, Jawahar Rail Colony, |
|
Date of Birth/Age : |
26.07.1971 |
|
Date of Appointment : |
18.02.1999 |
|
DIN No.: |
00122332 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U52334AP1999PTC031153 |
QUAD
ELECTRONIC SOLUTIONS PRIVATE LIMITED |
Managing
director |
18-02-99 |
18-02-99 |
- |
Active |
NO |
|
2 |
U31909KA2005PTC035565 |
CELESTICA
(INDIA) PRIVATE LIMITED |
Director |
27-09-07 |
23-02-07 |
12-08-09 |
Active |
NO |
|
3 |
U74999AP2005PTC047053 |
RAMISHA
SUPPLY CHAIN SOLUTIONS PRIVATE LIMITED |
Director |
05-01-09 |
05-01-09 |
28-03-09 |
Active |
NO |
|
4 |
U31300AP1998PTC028853 |
EXCEL
CONDUCTORS PRIVATE LIMITED |
Director |
30-09-11 |
01-02-11 |
14-11-11 |
Active |
NO |
|
5 |
U72200AP2011PTC074359 |
ROCKSALT
INTERACTIVE GAMES PRIVATE LIMITED |
Director |
09-05-11 |
09-05-11 |
- |
Active |
NO |
|
Name : |
Mr. Sanjay Tangri |
|
Designation : |
Director |
|
Address : |
13-6-463/A/27, Ashok Vihar Colony, Kulsumpura, |
|
Date of Birth/Age : |
01.08.1967 |
|
Qualification : |
B. Com, Graduate ICWAI |
|
Date of Appointment : |
21.08.2009 |
|
Date of Cessation : |
01.10.2012 |
|
DIN No.: |
02455950 |
|
|
|
|
Name : |
Mr. Raymen Soin |
|
Designation : |
Director |
|
Address : |
76, 77, Jawahar Rail Colony, |
|
Date of Birth/Age : |
19.06.1973 |
|
Qualification : |
B.A. |
|
Date of Appointment : |
05.08.2009 |
|
DIN No.: |
02579607 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74999AP2005PTC047053 |
RAMISHA
SUPPLY CHAIN SOLUTIONS PRIVATE LIMITED |
Director |
04-08-05 |
04-08-05 |
Active |
NO |
|
2 |
U52334AP1999PTC031153 |
QUAD
ELECTRONIC SOLUTIONS PRIVATE LIMITED |
Director |
30-09-10 |
05-08-09 |
Active |
NO |
|
3 |
U72200AP2011PTC074359 |
ROCKSALT
INTERACTIVE GAMES PRIVATE LIMITED |
Director |
09-05-11 |
09-05-11 |
Active |
NO |
|
Name : |
Mr. Praveen Narayan Rawle |
|
Designation : |
Whole Time Director |
|
Address : |
173, Block 1,2,3,4 Athwelli, Medchal,
Rangareddy – 501401, |
|
Date of Birth/Age : |
04.10.1970 |
|
Qualification : |
B. Tech |
|
Date of Appointment : |
21.08.2009 |
|
DIN No.: |
02756450 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U52334AP1999PTC031153 |
QUAD
ELECTRONIC SOLUTIONS PRIVATE LIMITED |
Whole-time
director |
30-09-10 |
21-08-09 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Raminder Singh Rail |
6865703 |
|
Raymen Soin |
2829162 |
|
Praveen Narayan Rawle |
50000 |
|
Sanjay Tangri |
50000 |
|
TOTAL
|
9794865 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture of Electronic Printed Circuit Boards |
PRODUCTION STATUS (As on 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
Number of Joints |
Numbers in
Millions |
5333.60 |
4070.00 |
5837436 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
|
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K S Ramakrishna and Company Chartered Accountant |
|
Address : |
Hyderabad, Andhra Pradesh, India |
|
PAN No.: |
AABFK9781B |
|
|
|
|
Holding Company (As On 31.03.2011) : |
|
|
|
|
|
Fellow Subsidiaries (As On 31.03.2011) : |
|
|
|
|
|
Other Related Parties (As On 31.03.2011) : |
|
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9794865 |
Equity Shares |
Rs.10/- each |
Rs. 97.949
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 |
97.949 |
97.949 |
94.305 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
50.635 |
46.451 |
232.939 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(237.376) |
|
|
NETWORTH |
148.584 |
144.400 |
89.868 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
359.941 |
222.359 |
156.443 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
359.941 |
222.359 |
156.443 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
508.525 |
366.759 |
246.311 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
111.996 |
98.770 |
103.016 |
|
|
Capital work-in-progress |
27.824 |
22.981 |
3.089 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
127.451
|
80.799 |
76.792
|
|
|
Sundry Debtors |
415.591
|
269.039 |
183.559
|
|
|
Cash & Bank Balances |
51.022
|
11.595 |
3.674
|
|
|
Other Current Assets |
0.000
|
0.000 |
0.000
|
|
|
Loans & Advances |
42.328
|
30.086 |
35.541
|
|
Total
Current Assets |
636.392
|
391.519 |
299.566 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
132.244
|
106.570 |
150.570
|
|
|
Other Current Liabilities |
128.859
|
27.373 |
4.560
|
|
|
Provisions |
6.584
|
12.568 |
4.230
|
|
Total
Current Liabilities |
267.687
|
146.511 |
159.360 |
|
|
Net Current Assets |
368.705
|
245.008 |
140.206
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000
|
|
|
|
|
|
|
|
|
TOTAL |
508.525 |
366.759 |
246.311 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
994.440 |
819.455 |
764.785 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
994.440 |
819.455 |
764.785 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
989.782 |
773.941 |
726.053 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
989.782 |
773.941 |
726.053 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
4.657 |
45.512 |
38.732 |
|
|
|
|
|
|
|
|
|
|
TAX |
0.473 |
4.026 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
4.184 |
41.485 |
38.732 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Payable/ waived extinguished by group companies |
NA |
NA |
18.610 |
|
|
TOTAL EARNINGS |
NA |
NA |
18.610 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
NA |
NA |
11.356 |
|
|
|
Purchase of Raw Materials |
NA |
NA |
169.068 |
|
|
TOTAL IMPORTS |
NA |
NA |
180.424 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.43 |
4.40 |
7.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.42
|
5.06 |
5.06
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.62
|
9.28 |
9.62
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03
|
0.32 |
0.43
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.42
|
1.54 |
1.74
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.38
|
2.67 |
1.88
|
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 |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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
Registered office of the company has been shifted from 136A,
Phase Vida, Jeedimetla,
REVIEW OF OPERATIONS
During the financial
year the Company has made a turnover of Rs.994.440 Millions as against Rs.
819.455 Millions in the previous year and made a profit after tax of Rs.4.184
Millions as against Rs. 41.485 Millions in the previous year.
FUTURE PROSPECTS
QUAD aspires to
become No.1 Product Life Cycle Management Company in India. During the
Financial Year 2011-12, the Company had faced the Global recessionary pressure
as well as Economic slowdown due to which the bottomline had undergone a steep
decline. However the management is confident to bounce back in the near future
with its healthy Sales Funnel distributed amount various electronic products
from manufacturing activity till after-market solution which will improve the
bottom line and Return on Capital Employed as we progress.
FORM 8
|
Corporate
identity number of the company |
U52334AP1999PTC031153 |
|
Name of the
company |
Quad Electronic Solutions Private Limited |
|
Address of the
registered office or of the principal place of business in |
12-50/4/A, Adjacent To Industrial Estate, Medchal, |
|
This form is for |
Modification of charge |
|
Charge identification
number of the charge to be modified |
10172255 |
|
Type of charge |
|
|
Particular of
charge holder |
Indian Overseas Bank |
|
Nature of
instrument creating charge |
Sanction Letter Letter of
Hypothecation (for securing Machineries, Vehicles, Good, Book-debts) |
|
Date of
instrument Creating the charge |
26.09.2012 |
|
Amount secured by
the charge |
Rs. 428.100
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest CC - BR+3.75% i.e.14.25%
pa Presently WCTL - BR+3.75%
i.e.14.25% pa Presently Sub limit under
CC Packing credit, PCFC against LC, FDDBP, FDUBD - BR+0.75% i.e.11.25% pa
Presently Terms of repayment As mentioned in
Sanction letter. Margin CC - 25% on paid stock
and 40% on book debts WCTL - NIL Sub limit under
CC Packing credit, PCFC against LC, FDDBP, FDUBD - 10% Sub limit under
CC FDDBP, FDUBD - NIL Letter of Credit
(inland/foreign) on DP/DA an option to avail buyers credit for procurement
raw material- 10% Letter of Credit
(inland/foreign) towards performance EMD security deposit, retention money-
25% Extent and operation of the charge The Charge
operates as a security for the repayment of Cash Credit availed by the
Company together with the payment of interest and any other charges, costs
and expenses payable to or incurred by the Bank |
|
Short particulars
of the property charged (Including location of the property) |
First Pari passu
charge on the entire current assets of the company present and future. Extension of
First pari passu charges on current assets of the Company. Documents of
title to goods accepted hundies and first pari passu charge on the entire
current assets of the company present and future. Counter guarantee
by the company along with first pari passu charge on the entire current
assets of the company present and future. Both the prime
and collateral securities are shared on pari passu basis along with Bank of
Bahrain and Kuwait. Personally
guarantee by the Directors of the Company viz., 1. Mr. Raminder
Singh Soin 2. Mrs. Raymen
Soin |
|
Whether any of
the property or interest therein under reference is not registered in the
name of the company. |
Yes |
|
If yes, in whose
name it is registers |
1. Mr. Raminder Singh
Soin 2. Mrs. Raymen
Soin |
|
Particulars of
the present modification |
Enhancement of
credit facilities from Rs.350.000 Millions to Rs.428.100 Millions which was
Secured by first charge on the fixed assets and current assets of the company
ranking pari passu along with the bank of Bharani and Kuwait by executing
Hypothecation dated 26.9.2012. |
FIXED ASSETS
- Buildings
- Plant and
Machinery
- Factory
Equipment
- Office
Equipment
- Electrical
Equipment
- Computers
- Furniture and
Fixtures
- Vehicles
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. 55.74 |
|
|
1 |
Rs. 84.17 |
|
Euro |
1 |
Rs. 72.02 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.