1. Summary Information
|
Country |
|
||
|
Company Name |
AJIT INDUSTRIES
PRIVATE LIMITED |
Principal Name 1 |
Mr. Ajit Kumar Gupta |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Ashok Kumar Gupta |
|
Registration # |
|
||
|
Street Address |
414/415 D Mall, 4th Floor, Netaji Subash Place, Opposite
DTC, Wazirpur , Delhi- 110034 |
||
|
Established Date |
19.02.1998 |
SIC Code |
-- |
|
Telephone# |
91-11-49010101/ 49010154 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-11-49010102 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Self Adhesive Tapes |
|
|
# of employees |
Not Available |
Product Name 2 |
Die Cuts and Stickers |
|
Paid up capital |
Rs. 10,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors 100% |
Banking |
HDFC Bank
Limited |
|
Public Limited Corp. |
NO |
Business Period |
15 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (48) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates
|
-- |
High Valley Industrial Corp |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
230,674,000 |
Current Liabilities |
109,736,000 |
|
Inventories |
58,486,000 |
Long-term Liabilities |
94,060,000 |
|
Fixed Assets |
52,446,000 |
Other Liabilities |
30,172,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
233,968,000 |
|
Invest& other Assets |
0,090,000 |
Retained Earnings |
97,728,000 |
|
|
|
Net Worth |
107,728,000 |
|
Total Assets |
341,696,000 |
Total Liab. & Equity |
341,696,000 |
|
Total Assets (Previous Year) |
332,625,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
683,426,000 |
Net Profit |
17,700,000 |
|
Sales(Previous yr) |
849,094,000 |
Net Profit(Prev.yr) |
15,429,000 |
MIRA INFORM REPORT
|
Report Date : |
01.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
AJIT INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
414/415 D Mall, 4th Floor, Netaji Subash Place, Opposite
DTC, Wazirpur , Delhi- 110034 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
19.02.1998 |
|
|
|
|
Com. Reg. No.: |
55-092320 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 10.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U33112DL1998PTC092320 |
|
|
|
|
IEC No.: |
0598001280 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA08875G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA4913D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Self Adhesive Tapes, Die Cuts and
Stickers. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 430000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having 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.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in
place to protect the lives of people on which the drugs are tested.
Mumbai has been
named the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top
spot for the world’s most honest city while Lisbon, the capital of Portugal,
proved to be the least honest. The survey put hundreds of people to test
in four continents to find out just how honest they were by dropping wallets
and seeing how many would be returned.
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $ 24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali expenditure by 40 % and
on average spend nearly 25 % of their monthly salary on Diwali, according to a
survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
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: |
414/415 D Mall, 4th Floor, Netaji Subash Place, Opposite
DTC, Delhi- 110034, India |
|
Tel. No.: |
91-11-49010101/ 49010154 |
|
Mobile No.: |
91-9811168674 (Mr. Arun Bhatt) |
|
Fax No.: |
91-11-49010102 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Ajit Kumar Gupta |
|
Designation : |
Managing Director |
|
Address : |
A-20, Panchwati Azadpur, |
|
Date of Birth/Age : |
05.05.1964 |
|
Date of Appointment : |
30.03.1999 |
|
DIN No.: |
00019393 |
|
|
|
|
Name : |
Mr. Ashok Kumar Gupta |
|
Designation : |
Director |
|
Address : |
A-20, Panchwati Azadpur, |
|
Date of Birth/Age : |
07.07.1961 |
|
Date of Appointment : |
20.07.2003 |
|
DIN No.: |
00076235 |
KEY EXECUTIVES
|
Name : |
Mr. Arun Bhatt |
|
Designation : |
Sales Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Sahil Gupta |
120000 |
|
Ajit Kumar Gupta |
484450 |
|
Deepak Gupta |
333450 |
|
Ashok Kumar Gupta |
10000 |
|
Asha Gupta |
1000 |
|
Manju Rani Gupta / Anjali Gupta |
51100 |
|
|
|
|
TOTAL
|
1000000 |
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 : |
Manufacturer and Exporter of Self Adhesive Tapes, Die Cuts and
Stickers. |
|
|
|
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
31.03.2011 |
|
Production |
Rolls /Kgs /Pcs
/Sq. Mtrs /Ctns |
123011761 |
|
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
·
HDFC Bank Limited, HDFC Bank House, Senapati
Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India Tel No.:- 91-11-27681016 ·
State Bank of Mysore, 4101-4157 Naya Bazar, New
Delhi-110026, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Virender K Jain and Company Chartered Accountant |
|
Address : |
3618/11, Sudershan Market, Chawri Bazar, Delhi – 110006, India |
|
Tel. No.: |
91-11-23970376 |
|
PAN No.: |
AADPJ6778M |
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
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 |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
10.000 |
10.000 |
|
(b) Reserves & Surplus |
|
97.728 |
80.038 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
107.728 |
90.038 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
5.626 |
6.300 |
|
(b) Deferred tax liabilities (Net) |
|
4.868 |
4.240 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
10.494 |
10.540 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
88.434 |
70.302 |
|
(b) Trade
payables |
|
91.771 |
123.644 |
|
(c) Other
current liabilities |
|
17.965 |
14.735 |
|
(d) Short-term
provisions |
|
18.967 |
21.613 |
|
(e) Current
maturity of long term borrowing |
|
6.337 |
1.753 |
|
Total Current
Liabilities (4) |
|
223.474 |
232.047 |
|
|
|
|
|
|
TOTAL |
|
341.696 |
332.625 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
52.446 |
39.324 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.090 |
10.893 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
2.666 |
1.438 |
|
(e) Other
Non-current assets |
|
0.521 |
0.297 |
|
Total Non-Current
Assets |
|
55.723 |
51.952 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
58.486 |
83.784 |
|
(c) Trade
receivables |
|
162.712 |
118.884 |
|
(d) Cash
and cash equivalents |
|
10.025 |
12.296 |
|
(e)
Short-term loans and advances |
|
31.508 |
30.454 |
|
(f) Other
current assets |
|
23.242 |
35.255 |
|
Total
Current Assets |
|
285.973 |
280.673 |
|
|
|
|
|
|
TOTAL |
|
341.696 |
332.625 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
10.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
64.609 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
74.609 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
57.152 |
|
|
2] Unsecured Loans |
|
|
18.772 |
|
|
TOTAL BORROWING |
|
|
75.924 |
|
|
DEFERRED TAX LIABILITIES |
|
|
4.087 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
154.620 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
32.283 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
34.638
|
|
|
Sundry Debtors |
|
|
114.131
|
|
|
Cash & Bank Balances |
|
|
3.754
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
78.866
|
|
Total
Current Assets |
|
|
231.389 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
79.143
|
|
|
Other Current Liabilities |
|
|
18.349
|
|
|
Provisions |
|
|
11.560
|
|
Total
Current Liabilities |
|
|
109.052 |
|
|
Net Current Assets |
|
|
122.337
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
154.620 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
681.903 |
|
|
|
|
|
Other Income |
1.523 |
|
|
|
|
|
TOTAL |
683.426 |
849.094 |
796.817 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
655.726 |
825.089 |
774.623 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
27.700 |
24.005 |
22.194 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
10.000 |
8.576 |
7.993 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
17.700 |
15.429 |
14.201 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.400 |
0.009 |
0.008 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
17.500 |
15.000 |
14.200 |
|
|
BALANCE CARRIED
TO THE B/S |
0.600 |
0.438 |
0.009 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
0.000 |
0.313 |
0.159 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
138.742 |
130.706 |
122.313 |
|
|
|
Trading Goods |
131.309 |
246.469 |
374.918 |
|
|
|
Capital Goods |
0.855 |
8.945 |
0.000 |
|
|
TOTAL IMPORTS |
270.906 |
386.120 |
497.231 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
17.70 |
15.43 |
14.20 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.59
|
1.82 |
1.78 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.06
|
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.18
|
4.79 |
8.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26
|
0.31 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.87
|
0.85 |
1.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28
|
1.21 |
2.12 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
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) |
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 |
UNSECURED LOAN:
|
Particulars |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Short Term
Borrowings |
|
|
|
From Related Parties |
28.059 |
9.298 |
|
From Banks |
0.000 |
0.260 |
|
From Others |
0.950 |
0.950 |
|
|
|
|
|
TOTAL |
29.009 |
10.508 |
NOTE:
The registered
office of the company has been shifted from M-7, Aradhana Bhawan Azadpur Commercial
Complex, Azadpur, New Delhi-110033, India to the present address
w.e.f.17.05.2013
OPERATION
During the year
the turnover achieved by the company stood at Rs. 681.900 Millions. There is a
decline in turnover which is on account of decline in sales in trading division
from Rs. 457.300 Millions to only Rs. 257.300 Millions which is due to the
reason that the management decided during the year to concentrate more on
manufacturing activity. However there is an increase in net profit before tax
which stood at Rs. 27.700 Millions as against Rs. 24.000 Millions in the
immediately preceding year. After making provisions for current tax liability
and deferred tax liability of Rs.10.000 Millions the net profit amounted to Rs.
17.700 Millions. After transfer of a sum of Rs. 17.500 Millions to general
reserve the net profit amounted to Rs.
0.200 Million Adding thereto the brought forward balance of profit of
Rs. 0.400 Million the total profit is Rs. 0.600 Million which is recommended to
carried forward.
INDEX CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10351588 |
16/07/2012 * |
214,272,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER
PAREL W |
B44343689 |
|
2 |
10042336 |
28/02/2007 |
4,677,370.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI,
BARODA, Guj |
A12617932 |
* Date of charge modification
FIXED ASSETS
- Building
- Plant and Machinery
- Electric Installation
- TV
- Generator
- Weighing Scale
- Other Equipments
- Motor Cycle
- Car
- Transformer
- Tempo
- AC
- Compressor
- Fax
- Mobile
- Three Wheeler
- Furniture
- Computer
- Cooler
- Video Conferencing
- EPBAX
- A.C
- Fan
- Geyser
- Cycle
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. 61.41 |
|
|
1 |
Rs.98.29 |
|
Euro |
1 |
Rs. 84.12 |
INFORMATION DETAILS
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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.