|
Report Date : |
30.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
SARA PLAST PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 34, B. U. Bhandari Industrial Estate, Gat No. 156+1544+168+169+170+171, Village
Sanaswadi, Taluka Shirur, Pune - 412208, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
28.02.2006 |
|
|
|
|
Com. Reg. No.: |
11-022093 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.873 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209PN2006PTC022093 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNES18793F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJCS6876Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing, Trading and Hiring of Portable Toilets and Rendering
Cleaning Services. |
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|
|
|
No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 330000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Trade
relations are reported as fair. Business is active. Payments are reported to
be 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.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED BY
|
Name : |
Mr. Aparna Chitnis |
|
Designation : |
Senior Manager in Accounting and Finance |
|
Contact No.: |
91-9823074747 |
|
Date : |
29.05.2013 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No.34, Industrial Estate, Gat No. 156+1544+168+169+170+171, Village
Sanaswadi, Taluka Shirur - 412208, Maharashtra, India |
|
Tel. No.: |
91-20-25537551 / 27290604 / 27292601 |
|
Mobile No.: |
91-9823074747 (Mr. Aparna Chitnis) |
|
Fax No.: |
91-20-25539580 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
203, Rutuja Complex, |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Rajeev Dilip Kher |
|
Designation : |
Managing director |
|
Address : |
3, Navshantiban Society, 1134/2, Shivaji Nagar, Pune – 411016, |
|
Date of Birth/Age : |
14.10.1974 |
|
Date of Appointment : |
28.02.2006 |
|
DIN : |
00764123 |
|
|
|
|
Name : |
Ms. Ulka Ashok Sadalkar |
|
Designation : |
Whole-time director |
|
Address : |
702, Jasper Lapis, Lazuli, 5th Lane, South Main Road,
Koregaopark, Pune – 411001, Maharashtra, India |
|
Date of Birth/Age : |
18.05.1976 |
|
Date of Appointment : |
28.02.2006 |
|
DIN : |
00676822 |
|
|
|
|
Name : |
Mr. Ranjit Dilip Kher |
|
Designation : |
Whole-time director |
|
Address : |
3, Navshantiban Society, 1134/2, Shivaji Nagar, Pune – 411016, |
|
Date of Birth/Age : |
02.02.1976 |
|
Date of Appointment : |
01.08.2006 |
|
DIN : |
00764054 |
|
|
|
|
Name : |
Mr. Noshir Dady Colah |
|
Designation : |
Nominee director |
|
Address : |
5-8, Spenta, B.G.Kher Marg, Mumbai-400006, Maharashtra, India |
|
Date of Birth/Age : |
13.01.1961 |
|
Date of Appointment : |
29.08.2011 |
|
DIN : |
02272595 |
KEY EXECUTIVES
|
Name : |
Mr. Aparna Chitnis |
|
Designation : |
Senior Manager in Accounting and Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Rajeev Dilip Kher |
|
311000 |
|
Ulka Ashok Sadalkar |
|
110000 |
|
Ranjit Dilip Kher |
|
110000 |
|
Dilip Vasudeo Kher |
|
210000 |
|
Sara Rajiv Kher |
|
19500 |
|
Ira Rajiv Kher |
|
19500 |
|
Aavishkaar Venture Trustees Private Limited |
|
207342 |
|
Total |
|
987342 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Venture capital |
21.00 |
|
Directors or relatives of Directors |
79.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Trading and Hiring of Portable Toilets and Rendering
Cleaning Services. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management |
|||||||||||||||
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Bankers : |
Indian Overseas Bank Aundh Branch, 161/162 'B'wing', |
|||||||||||||||
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|||||||||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Gokhale Tanksale and Ghatpande Chartered Accountant |
|
Address : |
102, R K Classic, New D P Road, Opposite Ashish Garden, Kothrud, Pune
- 411029, Maharashtra, India |
|
PAN No.: |
AACFG4275H |
|
|
|
|
Related Parties : |
Ecologis
|
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,010,000 |
Equity Shares |
Rs.10/-each |
Rs.10.100 millions |
|
172,000 |
Preference Shares |
Rs.10/-each |
Rs. 1.720 millions |
|
|
|
|
|
|
|
Total |
|
Rs.11.820
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
987,342 |
Equity Shares |
Rs.10/-each |
Rs.9.873 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 |
9.873 |
9.873 |
9.873 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
73.664 |
56.379 |
41.115 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
83.537 |
66.252 |
50.988 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
25.635 |
13.732 |
12.852 |
|
|
2] Unsecured Loans |
2.490 |
2.473 |
3.368 |
|
|
TOTAL BORROWING |
28.125 |
16.205 |
16.220 |
|
|
DEFERRED TAX LIABILITIES |
3.963 |
3.172 |
1.797 |
|
|
|
|
|
|
|
|
TOTAL |
115.625 |
85.629 |
69.005 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
82.454 |
72.279 |
45.899 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
11.167
|
10.848 |
5.089
|
|
|
Sundry Debtors |
27.390
|
18.008 |
14.816
|
|
|
Cash & Bank Balances |
8.076
|
1.334 |
6.932
|
|
|
Other Current Assets |
17.467
|
7.510 |
0.000 |
|
|
Loans & Advances |
3.756
|
3.117 |
13.313
|
|
Total
Current Assets |
67.856
|
40.817 |
40.150
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
7.126
|
11.776 |
5.485 |
|
|
Other Current Liabilities |
9.992
|
7.590 |
2.469
|
|
|
Provisions |
17.567
|
8.101 |
9.090
|
|
Total
Current Liabilities |
34.685
|
27.467 |
17.044
|
|
|
Net Current Assets |
33.171
|
13.350 |
23.106
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
115.625 |
85.629 |
69.005 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
110.158 |
|
|
|
Other Income |
|
|
0.152 |
|
|
|
TOTAL (A) |
|
|
110.310 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material consumed |
|
|
23.252 |
|
|
|
Servicing expenses |
|
|
16.581 |
|
|
|
Manufacturing and Other Expenses |
|
|
1.367 |
|
|
|
Employee Benefits Expenses |
|
|
34.695 |
|
|
|
Office and Administration Expenses |
|
|
7.748 |
|
|
|
Selling Expenses |
|
|
7.475 |
|
|
|
Exceptional Items |
|
|
(12.736) |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
|
|
(5.341) |
|
|
|
TOTAL (B) |
|
|
73.041 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
37.269 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
3.925 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
33.344 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
5.925 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
|
|
27.419 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
8.536 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
|
|
18.883 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
|
34.202 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
|
53.085 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
0.016 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and consumables |
|
|
11.224 |
|
|
TOTAL IMPORTS |
|
|
11.224 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
|
19.12 |
|
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
|
88.122 |
44.843 |
|
|
|
Cleaning Charges |
|
2.570 |
1.415 |
|
|
|
Other Income |
|
0.980 |
0.621 |
|
|
|
TOTAL (A) |
|
91.672 |
46.879 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Consumed |
|
23.074 |
13.292 |
|
|
|
Factory Overheads |
|
2.247 |
1.210 |
|
|
|
Administrative Overheads |
|
10.552 |
7.268 |
|
|
|
Servicing Expenses |
|
16.574 |
11.902 |
|
|
|
Employee Overheads |
|
24.519 |
13.444 |
|
|
|
Selling Overheads |
|
7.863 |
3.061 |
|
|
|
Loss on sale of assets |
|
0.245 |
0.000 |
|
|
|
Increase in Stock |
|
(1.569) |
1.879 |
|
|
|
Cost of toilets transferred for service |
|
(22.452) |
(14.819) |
|
|
|
TOTAL (B) |
|
61.053 |
37.237 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
|
30.619 |
9.642 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
2.053 |
1.237 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
28.566 |
8.405 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
5.058 |
3.363 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
|
23.508 |
5.042 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
8.615 |
1.414 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
|
14.893 |
3.628 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
19.309 |
15.681 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
34.202 |
19.309 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
1.174 |
0.026 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and consumables |
|
20.750 |
NA |
|
|
TOTAL IMPORTS |
|
20.750 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
15.08 |
3.95 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
17.12
|
16.25 |
7.74
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
24.89
|
0.27 |
11.24
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
18.24
|
20.79 |
5.84
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33
|
0.35 |
0.10
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.34
|
0.24 |
0.32
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.96
|
1.49 |
2.36
|
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
|
|
|
|
|
Sundry Creditor |
7.126
|
11.776 |
5.485 |
|
|
|
|
|
|
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming financial
year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
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 :
Registered office address of the company has been shifted from Flat No.
103/203, Rujuta Residency, S. No. 266, Baner, Pune – 412208,
UNSECURED LOAN
|
Particulars |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
In Millions) |
|
Loans and advances from related parties |
2.490 |
2.473 |
|
Total |
2.490 |
2.473 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U25209PN2006PTC022093 |
|
Name of the
company |
SARA PLAST
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No. 34, B. U. Bhandari Industrial Estate, Gat No. 156+1544+168+169+170+171, Village Sanaswadi, Taluka Shirur, Pune - 412208, Maharashtra, India E-mail: sureshmarulkar@yahoo.com |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10178355 |
|
Type of charge |
Immovable property Book debts Movable property (not being pledge) Others (Stock, Plant & Machineries,Portable Toilet Cabins) |
|
Particular of
charge holder |
Indian Overseas Bank Aundh Branch, 161/162 'B'wing', Supriya Towers, New D.P. Road Aundh, Pune - 411007, Maharashtra, India E-mail: aundhbr@mumnsco.iobnet.co.in |
|
Nature of
instrument creating charge |
Letter of
Hypothecation executed between the Bank and the Borrower Company, to cover the
enhanced limit extended by the Bank,
by modification the status and scope of the charge against all the present
and future current assets of the Borrower Company. |
|
Date of
instrument Creating the charge |
06.03.2013 |
|
Amount secured by
the charge |
Rs. 58.550
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest The existing
loans in all form will carry the ROI as per agreed terms. The ROI for fresh
New Term Loan will be@Base Rate+4% which is presently:14.50%p.a. Penal
Interest on default as per RBI's Norms. Terms of Repayment The Existing Term
Loans will be in continuous operation as per agreed terms without any
hindrance or change as per agreed terms between the bank and the borrower Company.
The New Fresh Term Loan is to be repaid in 60 Monthly Installments of
Rs.0.180 million each with a holiday period of 3 months. The Repayment of TL
starts from May2013. 1% will be charged towards the Prepayment charge of the
Loan. Margin 25% against all
the facilities inclusive of Book Debts (Cover Period 180 days). Extent and Operation of the charge IOB Aundh Branch.
Pune will have first charge against all the present and future current assets
of the Company. The Company has extended the Collateral Security of immovable
assets as confirm in the Letter of Narration. All the Directors have set
Personal Guarantee towards the repayment of entire loan with interest
thereon. The Bank will have lien on the FDR's which are in the name of the
Company. The Charge will be in continuous mode till the repayment of entire
loan with interest thereon. Others The Company, by
virtue of the Board Resolution Dated 16.01.13,has had intended to extent its assent, to all
the Terms and Conditions, Covenants ,that may be carried out in Bank's
Sanction Letter and to execute the
related loan document(s)/ Agreement(s) through the Director(s),who will received
and signed the documents in physical form to effect filing of
eform-8 for the modifications in the existing limits/securities and in
the nature and scope of the charge on agreed terms . |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
All the present
and future current assets inclusive of that will be come into existence
through credit facilities extended by the Bank and as placed at the
Works,Registered Office or the locations denoted to the Bank time to time. Collateral
Security:Plot No.34 on the First Floor in the Industrial Estate and out of the
land bearing Gat No.156+1544+q68+q69+170+171 part an area admesuring
00Hect.15M Aars at Sanswadi Taluka Shirur District Pune and as
geographicated in t he Supplemental
Narration duly acknowledged by the Company through its Directors. |
|
Particulars of
the present modification |
By this present
modification, the Bank has extended New Term Loan of Rs.10.800 millions to
the Borrower Company, making the Overall Charge against the assets of the
Company to the tune of Rs.58.550 millions. |
FIXED ASSETS
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.56.24 |
|
|
1 |
Rs.84.54 |
|
Euro |
1 |
Rs.72.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.