MIRA INFORM REPORT
|
Report Date : |
08.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
OC SPECIALITIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
205, The Chambers, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
19.01.2005 |
|
|
|
|
Com. Reg. No.: |
11-150735 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.460
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
u24100mh2005ptc150735 |
|
|
|
|
IEC No.: |
0305003364 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
mumo03562g |
|
|
|
|
PAN No.: [Permanent Account No.] |
aaaco7181p |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business
: |
Subject engaged in Trading and Manufacturing of Chemicals. |
|
|
|
|
No. of Employees
: |
39 (Approximately) (In Office = 16, In Factory 20and In Branch = 3) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
||
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
|
Maximum Credit Limit : |
USD 7900000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. External borrowings of the company appear to be huge and has seen a
tremendous increase during 2013. 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.
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross domestic
product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
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 PARTED BY
|
Name : |
Mr. Manish Mangilal Shah |
|
Designation : |
Managing Director |
|
Contact No.: |
91-9820707072 |
|
Date : |
25.10.2013 |
LOCATIONS
|
Registered Office : |
205, The Chambers, |
|
Tel. No.: |
91-22-40825200/ 26269200 (30 Lines) |
|
Mobile. No.: |
91-9820707072 (Mr. Manish Mangilal Shah) |
|
Fax no.: |
91-22-40825253/ 26269292 |
|
E-Mail : |
contact@ocspl.com monukamdar@gmail.com |
|
Area : |
1500 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No. E-18, Solapur MIDC, Solapur, Maharashtra, India |
|
Tel. No.: |
91-217-2357891 / 892 |
|
Fax No.: |
91-217-2357894 |
|
E-Mail : |
|
|
Area : |
8450 Sq. Mtrs |
|
Location : |
Leased |
|
|
|
|
Branch Office : |
1431/21, Ganesh Dehla, 1st Floor, Madhupura,
Ahmedabad – 380004, Gujarat, India |
|
Tel. No.: |
91-79-22123299 |
|
Fax No.: |
91-79-22170431 |
|
E-Mail : |
|
|
Location : |
Rented |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Manish Mangilal Shah |
|
Designation : |
Managing Director |
|
Address : |
301-A-49, 3rd Floor, Shiv Kesar, Baptista Road,
Vile Parle (West), Mumbai – 380013, Maharashtra, India |
|
Date of Birth/Age : |
15.03.1976 |
|
Date of Appointment : |
19.01.2005 |
|
PAN No.: |
ACJPS9795H |
|
DIN No.: |
00036482 |
|
|
|
|
Name : |
Mr. Vikas Mangilal Shah |
|
Designation : |
Director |
|
Address : |
301-A-49, 3rd Floor, Shiv Kesar, Baptista Road,
Vile Parle (West), Mumbai – 380013, Maharashtra, India |
|
Date of Birth/Age : |
18.10.1981 |
|
Date of Appointment : |
19.01.2005 |
|
PAN No.: |
ABOPM4799H |
|
DIN No.: |
00036542 |
|
|
|
|
Name : |
Mr. Nitin Ganpati Kulkarni |
|
Designation : |
Director |
|
Address : |
204, Srishti Complex, Tara Tower, B Wing, Saki Vihar Road, Mumbai –
400 078, Maharashtra, India |
|
Date of Birth/Age : |
09.06.1971 |
|
Date of Appointment : |
30.09.2010 |
|
DIN No.: |
03042587 |
|
|
|
|
Name : |
Mr. Vinod Sadanand Mulgaoankar |
|
Designation : |
Director |
|
Address : |
103-A-Wing, Mithila Apartment, J.B. Nagar, Andheri Kurla Road, Andheri
(East), Mumbai – 400 059, Maharashtra, India |
|
Date of Birth/Age : |
31.08.1947 |
|
Date of Appointment : |
30.09.2010 |
|
DIN No.: |
03042723 |
|
|
|
|
Name : |
Mr. Nirav Virendrabhai Mehta |
|
Designation : |
Director |
|
Address : |
28, Netra Bungalow, Near Sourabh Society, Opposite Nilkanth
– II, Drive in Road Mem Nagar, Ahmedabad – 380 013, Gujarat, India |
|
Date of Birth/Age : |
26.02.1992 |
|
Date of Appointment : |
30.09.2010 |
|
DIN No.: |
03042627 |
|
|
|
|
Name : |
Mr. Pushpak Mangilal Shah |
|
Designation : |
Director |
|
Address : |
27, Netra Bungalow, Near Mem Nagar Fire Station, Ahmedabad
– 380 013, Gujarat, India |
|
Date of Birth/Age : |
12.04.1979 |
|
Date of Appointment : |
19.01.2005 |
|
PAN No.: |
ALWPS7666P |
|
|
|
|
Name : |
Mr. Virendra Bherumalji Mehta |
|
Designation : |
Director |
|
Address : |
28, Netra Bungalow, Near Mem Nagar Fire Station, Ahmedabad –
380 013, Gujarat, India |
|
Date of Birth/Age : |
14.04.1961 |
|
Date of Appointment : |
19.01.2005 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Manish Mangilal Shah |
16000 |
|
Vikas Mangilal Shah |
2500 |
|
Pushpak M. Shah |
2500 |
|
Virendra Mehta |
25000 |
|
Ocean Chemicals, |
5 |
|
|
5 |
|
Total
|
46010 |
AS ON 10.05.2013
|
Names of Allottees |
No. of Shares |
|
Nitin Ganpati Kulkarni |
2500 |
|
Nirav Virendrabhai Mehta |
2500 |
|
Vikas Mangilal Shah |
5500 |
|
Pushpak M. Shah |
7000 |
|
Total
|
17500 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
0.02 |
|
Directors or relatives of Directors |
99.98 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject engaged in Trading and Manufacturing of Chemicals. |
|
|
|
|
Products : |
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C/ Credit (30 Days, 60 Days and 90 Days) |
|
|
|
|
Purchasing : |
L/C/ Others / Credit (90 Days) |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users |
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
39 (Approximately) (In Office = 16, In Factory 20and In Branch = 3) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
|
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
_MIRA%2008-Nov-2013_files/image001.gif){kind=small}
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R.V. jain and Associates Chartered Accountants |
|
Address : |
E-203, Nilambuj, Kamal Aprtments, Shankar lane, Kandivali (West), Mumbai
– 400 067, |
|
Tel. No.: |
91-22-28613688 |
|
E-Mail : |
|
|
PAN No.: |
AAHFR6526R |
|
|
|
|
Sister Concern : |
Balaji Sourcings Private Limited Address: 205, The Chambers,
Western Expess Highway, Vile Parle – 400057, Maharashtra, India Line of
Business: Trading Oswal Chemicals Address: 1431/21, Ganesh
Dehla, Madhupura, Ahmedabad – 380004, Gujarat, India Line of
Business: Trading |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
46010 |
Equity Shares |
Rs.10/- each |
Rs.0.460
Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
46010 |
Equity Shares |
Rs.10/- each |
Rs.0.460
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
(PROVIDED BY THE
MANAGEMENT)
|
SOURCES OF FUNDS |
|
|
31.03.2013 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.460 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
89.421 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
89.881 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
398.436 |
|
|
2] Unsecured Loans |
|
|
445.710 |
|
|
TOTAL BORROWING |
|
|
844.146 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.516 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
934.543 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
27.000 |
|
|
Capital work-in-progress |
|
|
221.519 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
135.959
|
|
|
Sundry Debtors |
|
|
510.644
|
|
|
Cash & Bank Balances |
|
|
0.458
|
|
|
Other Current Assets |
|
|
60.014
|
|
|
Loans & Advances |
|
|
4.449
|
|
Total
Current Assets |
|
|
711.524 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000
|
|
|
Other Current Liabilities |
|
|
0.000
|
|
|
Provisions |
|
|
25.500
|
|
Total
Current Liabilities |
|
|
25.500 |
|
|
Net Current Assets |
|
|
686.024
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
934.543 |
|
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
0.460 |
0.460 |
|
(b) Reserves & Surplus |
|
58.773 |
32.906 |
|
(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) |
|
59.233 |
33.366 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
160.105 |
162.037 |
|
(b) Deferred tax liabilities (Net) |
|
0.723 |
0.345 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
Long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
160.828 |
162.382 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
232.257 |
167.989 |
|
(c)
Other current liabilities |
|
0.000 |
0.000 |
|
(d)
Short-term provisions |
|
17.100 |
7.900 |
|
Total
Current Liabilities (4) |
|
249.357 |
175.889 |
|
|
|
|
|
|
TOTAL |
|
469.418 |
371.637 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
31.246 |
23.665 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
4.144 |
3.208 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
0.000 |
0.000 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
35.390 |
26.873 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
85.086 |
70.488 |
|
(c)
Trade receivables |
|
324.001 |
264.315 |
|
(d)
Cash and cash equivalents |
|
0.415 |
2.669 |
|
(e)
Short-term loans and advances |
|
0.000 |
0.000 |
|
(f)
Other current assets |
|
24.526 |
7.292 |
|
Total
Current Assets |
|
434.028 |
344.764 |
|
|
|
|
|
|
TOTAL |
|
469.418 |
371.637 |
(PROVIDED BY THE
MANAGEMENT)
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1981.005 |
1273.853 |
|
|
|
|
Other Income |
10.348 |
2.569 |
|
|
|
|
TOTAL (A) |
1991.353 |
1276.422 |
932.406 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
35.707 |
1238.177 |
916.575 |
|
|
|
Advertising Expenses |
151.686 |
|
|
|
|
|
TOTAL (B) |
1906.688 |
1238.177 |
916.575 |
|
|
|
|
(Including
Financial and Depreciation Expenses) |
(Including
Financial and Depreciation Expenses) |
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
84.665 |
|
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
37.941 |
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
46.724 |
|
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.712 |
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
44.012 |
38.245 |
15.831 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
13.363 |
12.378 |
5.427 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
30.649 |
25.867 |
10.404 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
52.653 |
26.786 |
16.382 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
83.302 |
52.653 |
26.786 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
666.14 |
562.20 |
226.12 |
|
_MIRA%2008-Nov-2013_files/image002.gif){kind=small}
_MIRA%2008-Nov-2013_files/image003.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.53
|
2.03 |
1.12 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.22
|
3.00 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.96
|
8.22 |
4.30
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
0.65 |
0.47
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
9.39
|
2.70 |
4.86
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
27.90
|
1.74 |
1.96
|
LOCAL AGENCY FURTHER INFORMATION
Note: DETAILS OF CURRENT MATURITIES OF LONG
TERM DEBT: NOT AVAILABLE
|
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 |
Yes |
|
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 |
Yes |
|
20) Export / Import details (if
applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
|
31)
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32)
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
No |
INDEX OF CHARGES:
|
S. No. |
Charge
ID |
Date
of Charge Creation/Modification |
Charge
amount secured |
Charge
Holder |
Address |
Service
Request Number (SRN) |
|
1 |
10430791 |
24/05/2013 |
240,000,000.00 |
AXIS
BANK LIMITED |
GROUND
FLOOR, AXIS HOUSE, C-2, WADIA INDUSTRIAL CENTRE, P.B. MARG, WORLI, MUMBAI,
MAHARASHTRA - |
B76951359 |
|
2 |
10228758 |
28/05/2013
* |
330,000,000.00 |
STANDARD
CHARTERED BANK |
SME
CREDIT, CRESCENZO, 3A/F, PLOT NO.C-38 AND 39, G BLOCK, BANDRA KURLA COMPLEX,
BANDRA EAST, MUMBAI, MAHARASHTRA - 400051, INDIA |
B76968270 |
* Date of charge modification
|
Unsecured Loans |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG-TERM
BORROWINGS |
|
|
|
Loans repayable on demand from others |
445.710 |
77.967 |
|
Total
|
445.710 |
77.967 |
Note:
The Registered office of the company has been shifted from 6/C, Sai Vishwakarma Darshan, Shivaji Chowk, Koldongri, Opposite Apna Bazar, Vile Parle (East), Mumbai – 400 057, Maharashtra, India to present address w.e.f. 05.11.2010.
CORPORATE INFORMATION:
The Company was
incorporated as a Private Limited Company under the Companies Act, 1956 on the
19th January 2005 vide CIN No. U24100MH2005PTC150735. The Company is
presently engaged in Trading and Manufacturing of Chemicals. The Company’s
Registered office and Principal place of business is situated at 205, Level 2,
The Chambers, Western Express Service Road, Vile Parle (East), Mumbai : 400057.
FIXED ASSETS:
·
Air Conditioner
·
Card Scanner
·
Computers
·
Electrical Appliances
·
Furniture and Fixtures
·
Motor Car
·
Motor Bike
·
Office Equipments
·
Telephone Systems
·
Lab Equipments
·
Office Building
Premises-Chincholi
·
Office Renovation
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 records 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.62.57 |
|
|
1 |
Rs.100.63 |
|
Euro |
1 |
Rs.84.62 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
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 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.