BUSINESS INFORMATION REPORT
1. Summary Information
|
|
|
Country |
|
|
Company Name |
ISO HOSE AND
ENGINEERING WORKS LIMITED |
Principal Name 1 |
Mr. Tilak Raj Mehta |
|
Status |
MODERATE |
Principal Name 2 |
Mr. Bal Krishan Mehta |
|
|
|
Registration # |
55-036330 |
|
Street Address |
6-B,
Tilak Market, Flat No. 1, Sanatan Dharam Mandir, Tilak Nagar, New Delhi – 110
018, India |
||
|
Established Date |
19.05.1989 |
SIC Code |
-- |
|
Telephone# |
91-11-25990574 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-11-25990574 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Hose cutting machines |
|
|
# of employees |
19 (Approximately) |
Product Name 2 |
Hose skiving machines |
|
Paid up capital |
Rs.500,000/- |
Product Name 3 |
Hose pressure testing machines |
|
Shareholders |
Directors or
relatives of Directors – 100% |
Banking |
Bank of Baroda |
|
Public Limited Corp. |
No |
Business Period |
24 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (26) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
5,315,000 |
Current Liabilities |
3,790,000 |
|
Inventories |
0,000 |
Long-term Liabilities |
0,000 |
|
Fixed Assets |
217,000 |
Other Liabilities |
1,376,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
5,166,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
(134,000) |
|
|
|
Net Worth |
366,000 |
|
Total Assets |
5,532,000 |
Total Liab. & Equity |
5,532,000 |
|
Total Assets (Previous Year) |
5,476,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
9,800,000 |
Net Profit |
Not Available |
|
Sales(Previous yr) |
5,828,000 |
Net Profit(Prev.yr) |
15,000 |
MIRA
INFORM REPORT
|
Report Date : |
22.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
ISO HOSE AND ENGINEERING WORKS LIMITED |
|
|
|
|
Registered
Office : |
6-B, Tilak Market, Flat No. 1, Sanatan Dharam Mandir, Tilak Nagar, New
Delhi – 110 018 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
19.05.1989 |
|
|
|
|
Com. Reg. No.: |
55-036330 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29119DL1989PLC036330 |
|
|
|
|
Legal Form : |
A closely held Public Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Hydraulic and Pneumatic Machines and Hose
Crimping Machines. |
|
|
|
|
No. of Employees
: |
19 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There appears some accumulated losses recorded by the company. However, trade relations are fair. Business appears to be dormant in registrar of companies but Mr. Bal
Krishan, Director confirmed that due to non filling of documents, status of
the company was showing as dormant. Management will file documents within 10 days in registrar of
companies there after status will soon change to active. Payment terms are slow but correct. The company can be considered for business dealing with great 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 – 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 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. Bal Krishan |
|
Designation : |
Director |
|
Contact No.: |
91-9810734853 |
|
Date : |
12.11.2013 |
LOCATIONS
|
Registered Office / Factory : |
6-B, Tilak Market, Flat No. 1, Sanatan Dharam Mandir, Tilak Nagar, New Delhi – 110 018, India |
|
Tel. No.: |
91-11-25990574/42137604/25191798/25439750/25433274 |
|
Fax No.: |
91-11-25990574/42137604/25433274 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
620 Sq. Ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
38/4 Ashok Nagar, |
|
Tel No.: |
91-11-25142717 |
|
Area : |
1800 Sq. Ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Bal Krishan Mehta |
|||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||
|
Address : |
12/14, Tilak Nagar, New Delhi – 110 018, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
13.03.1946 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
19.05.1989 |
|||||||||||||||||||||||||||
|
Qualification : |
Graduate |
|||||||||||||||||||||||||||
|
Mobile No.: |
91-9810734853 |
|||||||||||||||||||||||||||
|
DIN No.: |
05173770 |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Tilak Raj Mehta |
|||||||||||||||||||||||||||
|
Designation : |
Technical Director |
|||||||||||||||||||||||||||
|
Address : |
12/14, Tilak Nagar, New Delhi – 110 018, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.08.1953 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
19.05.1989 |
|||||||||||||||||||||||||||
|
Qualification : |
B.E |
|||||||||||||||||||||||||||
|
Mobile No.: |
91-9810233310 |
|||||||||||||||||||||||||||
|
DIN No.: |
01904957 |
|||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Bharat Bhushan Mehta |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
12/14, Tilak Nagar, New Delhi – 110 018, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.04.1965 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
19.05.1989 |
|||||||||||||||||||||||||||
|
Qualification : |
Graduate |
|||||||||||||||||||||||||||
|
DIN No.: |
05173638 |
|||||||||||||||||||||||||||
MAJOR SHAREHOLDERS
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Bharat Bhushan Mehta |
|
15000 |
|
Balkrishan Mehta |
|
15000 |
|
Tilak Raj Mehta |
|
15000 |
|
Anita Mehta |
|
1000 |
|
Jalaj Mehta |
|
1500 |
|
Sygandh Mehta |
|
1000 |
|
Punit Mehta |
|
750 |
|
Paras Mehta |
|
750 |
|
|
|
|
|
Total |
|
50000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Hydraulic and Pneumatic Machines and Hose
Crimping Machines. |
|
|
|
|
Products : |
·
All types of flexible rubber hoses/SS
corrugated hoses/teflon hoses/thermoplastic hoses ·
Hydraulic and pneumatic cylinders/valves both
hand operated and solenoid, FRL units, etc ·
High pressure and low pressure hose crimping
machines (hand operated/power operated)
·
Hoses like industrial rubber flexible hoses,
metal flexible hoses, hydraulic and pneumatic flexible hoses ·
Seals including hydraulic and pneumatic seals ·
Hose pressure testing machines ·
Hose cutting machines ·
Air/hydraulic filters including Micro-Vee
filters/moisture separators/HVAC industrial filters ·
Hydraulic presses and power packs ·
Loose end connections including
tees/elbows/adopters/quick release coupling/Ermeto fittings ·
Nut crimpers ·
Directional control valves ·
Hose skiving machines ·
Hydraulic and pneumatic fittings. |
|
|
|
|
Exports : |
|
|
Products : |
Industrial Automated Machines |
|
Countries : |
·
South Africa ·
Tanzania ·
Oman ·
Qatar |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash, Credit and Bank Transfer |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
Rahul Sales Corporation, Delhi |
|
|
|
|
Customers : |
Marshal Exports, Mumbai |
|
|
|
|
No. of Employees : |
19 (Approximately) |
|
|
|
|
Bankers : |
Bank of Baroda, Tilak Nagar, New Delhi, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors 1 : |
|
|
Name : |
Kalsi and Associates Chartered Accountants |
|
|
|
|
Auditors 2 : |
|
|
Name : |
CJS Nanda and Associates Chartered Accountants |
|
Address : |
7/24, Basement, South Patel Nagar, New Delhi – 110 008 , India |
|
E-Mail : |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs. 10/- each |
Rs.0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs. 10/- each |
Rs.0.500 Million |
|
|
|
|
|
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 |
|
0.500 |
0.500 |
|
(b) Reserves & Surplus |
|
(0.134) |
(0.157) |
|
(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) |
|
0.366 |
0.343 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.003 |
0.002 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
0.003 |
0.002 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
3.780 |
3.889 |
|
(c) Other current
liabilities |
|
1.373 |
1.235 |
|
(d) Short-term provisions |
|
0.010 |
0.007 |
|
Total Current Liabilities (4) |
|
5.163 |
5.131 |
|
|
|
|
|
|
TOTAL |
|
5.532 |
5.476 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
0.217 |
0.255 |
|
(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 |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.868 |
0.858 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
1.085 |
1.113 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
0.000 |
0.000 |
|
(c) Trade receivables |
|
3.916 |
3.643 |
|
(d) Cash and cash
equivalents |
|
0.210 |
0.289 |
|
(e) Short-term loans and
advances |
|
0.230 |
0.230 |
|
(f) Other current assets |
|
0.091 |
0.201 |
|
Total Current Assets |
|
4.447 |
4.363 |
|
|
|
|
|
|
TOTAL |
|
5.532 |
5.476 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
0.500 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.002 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.502 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.270 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.797 |
|
|
Sundry Debtors |
|
|
2.483 |
|
|
Cash & Bank Balances |
|
|
0.552 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.332 |
|
Total
Current Assets |
|
|
4.164 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
4.098 |
|
|
Provisions |
|
|
0.007 |
|
Total
Current Liabilities |
|
|
4.105 |
|
|
Net Current Assets |
|
|
0.059 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
PROFIT AND LOSS ACCOUNT |
|
|
0.173 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.502 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
5.828 |
6.539 |
|
|
|
Other Income |
|
0.024 |
0.025 |
|
|
|
TOTAL (A) |
9.800 |
5.852 |
6.564 |
|
|
|
[Approximately] |
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
3.464 |
4.418 |
|
|
|
Salaries to Staff |
|
0.840 |
0.802 |
|
|
|
Managerial Remuneration |
|
0.683 |
0.583 |
|
|
|
Auditor’s Remuneration |
|
0.010 |
0.010 |
|
|
|
Power and Fuel |
|
0.142 |
0.136 |
|
|
|
Other Expenditure |
|
0.640 |
0.534 |
|
|
|
TOTAL (B) |
NA |
5.779 |
6.483 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
0.073 |
0.081 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
0.005 |
0.008 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
|
0.068 |
0.073 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
|
0.045 |
0.049 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
|
0.023 |
0.024 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
0.008 |
0.008 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
|
0.015 |
0.016 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
(0.173) |
(0.189) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
(0.158) |
(0.173) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
NA |
NA |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
11.000 |
|
|
|
|
|
The above information has been parted by Mr. Bal Krishan Tilak
(Director)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
0.26 |
0.24 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
0.39 |
0.37 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
0.50 |
0.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.07 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.86
|
0.85 |
1.01 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
four years |
Yes |
|
12] |
Profitability for last
two 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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
No |
|
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: No Charges Exist
for Company.
FIXED ASSETS:
·
Furniture
·
Machinery
·
Computer
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.62.89 |
|
|
1 |
Rs.101.14 |
|
Euro |
1 |
Rs.84.42 |
INFORMATION DETAILS
|
Information Gathered
by : |
HNA |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
26 |
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.