MIRA
INFORM REPORT
|
Report Date : |
16.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
AUTO DECOR PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C 7, Flat No. 226, Naveen Niketan, Green Park Extension, New Delhi – 110 016 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
18.02.1984 |
|
|
|
|
Com. Reg. No.: |
55-17563 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.106.900
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1984PTC017563 |
|
|
|
|
IEC No.: |
0596063954 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA12687D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA0702B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Thermo
Plastic Injection Moulds. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 838000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
Even though, the company has seen an increase in its sales turnover, their appears a slight dip in the net profitability during
2012. The ratings take into consideration the long standing experience of
the promoters. However, trade relations are reported as fair. Business is active.
Payments are reported to be slow but correct. The company can be considered 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) |
|
India |
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
India’s current
account deficit or CAD in April-June widened to 4.9 % of gross domestic
product. High imports of gold and oil led to a worsening of the trade deficit,
resulting in CAD jumping to $ 21.8 billion to the latest quarter from $ 16.9
billion in the corresponding quarter of the previous financial year. The
government aims to bring down CAD to 3.7 % or $ 70 billion, in 2013/14, from
4.8 % or $ 88.2 billion in 2012/13.
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
BB+ [Long Term Bank Facilities] |
|
Rating Explanation |
Have moderate risk of default |
|
Date |
November 2012 |
|
Rating Agency Name |
CARE |
|
Rating |
A4+ [Short Term Bank Facilities] |
|
Rating Explanation |
Have minimal degree of safety and carry very high credit risk. |
|
Date |
November 2012 |
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 : |
C 7, Flat No. 226, Naveen Niketan, Green Park Extension, New Delhi – 110 016, India
|
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
7 and 8, Udyog Vihar, Phase – I, Gurgaon – 122 001, Haryana,
India |
|
Tel. No.: |
91-124-4001686 / 4001687 / 4001688 / 4369965 /
4369966 / 4369967 / 4369968 |
|
Fax No.: |
91-124-2341442 |
|
|
|
|
Factory 2 : |
Plot Number - 91,
Sector-3, IMT Manesar, Guragon
- 122050, Haryana |
|
Tel. No.: |
91-124-2290964 |
|
Fax No.: |
91-124-2291170 |
|
Area : |
40,000 Sq. ft. |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Vivek Sachdev |
|
Designation : |
Director |
|
Address : |
E-2368, Palam Vihar,
Girgaon – 122 001, Haryana,
India |
|
Date of Birth/Age : |
20.10.1952 |
|
Date of Appointment : |
18.02.1984 |
|
DIN No.: |
01159444 |
|
S. No. |
CIN |
Name of the
Company |
Current
designation of the director |
Date of appointment
at current designation |
Original date of
appointment |
Company Status |
Defaulting
status |
|
1 |
U74899DL1984PTC017563 |
AUTO DECOR
PRIVATE LIMITED |
Director |
18-02-84 |
18-02-84 |
Active |
NO |
|
2 |
U74899DL2005PTC144207 |
AUTODECOR DESIGN
AND DEVELOPMENT PRIVATE LIMITED |
Managing
director |
29-12-05 |
29-12-05 |
Active |
NO |
|
|
|
|
Name : |
Ms. Anuradha Sachdev
|
|
Designation : |
Director |
|
Address : |
E-2368, Palam Vihar,
Girgaon – 122 001, Haryana,
India |
|
Date of Birth/Age : |
09.09.1955 |
|
Date of Appointment : |
15.03.1989 |
|
DIN No.: |
01159425 |
|
S.No. |
CIN |
Name of the
Company |
Current
designation of the director |
Date of
appointment at current designation |
Original date of
appointment |
Company Status |
Defaulting
status |
|
1 |
U74899DL1984PTC017563 |
AUTO DECOR
PRIVATE LIMITED |
Director |
15-03-89 |
15-03-89 |
Active |
NO |
|
2 |
U74899DL2005PTC144207 |
AUTODECOR DESIGN
AND DEVELOPMENT PRIVATE LIMITED |
Director |
29-12-05 |
29-12-05 |
Active |
NO |
|
|
|
|
Name : |
Mr. Sudhi Sachdev |
|
Designation : |
Director |
|
Address : |
E-2368, Palam Vihar,
Girgaon – 122 001, Haryana,
India |
|
Date of Birth/Age : |
22.08.1977 |
|
Date of Appointment : |
29.03.2005 |
|
DIN No.: |
00440904 |
|
|
|
|
Name : |
Ms. Mohini Sharma |
|
Designation : |
Director |
|
Address : |
7386 Pocket – 10, Sector – B, Vasant Kunj – 110 070, Delhi, India |
|
Date of Birth/Age : |
02.05.1932 |
|
Date of Appointment : |
18.01.1994 |
|
DIN No.: |
02413961 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Vivek Sachdev |
|
525590 |
|
Anuradha Sachdev |
|
520160 |
|
Sudhi Sachdev |
|
7750 |
|
Master Saras Sachdev
(Through Guardian) |
|
7750 |
|
Master Mohan Sachdev (Through Guardian) |
|
7750 |
|
|
|
|
|
TOTAL
|
|
1069000 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of
Thermo Plastic Injection Moulds. |
|
|
|
|
Products : |
·
Plastic
Dies ·
Moulded
Components ·
Thermoplastic
Injection Moulds ·
Molded
Rubber Items ·
Plastic
Moulds ·
Plastic
Injection Mould ·
Plastic
Moulded Parts ·
Plastic
Moulds for Automobiles ·
Precision
Injection Moulded Components |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
·
State Bank of India, Industrial Finance Branch, Jawahar Vyapar Bhawan, 1, Tolstoy Marg, STC
Building, 14th Floor, New Delhi – 110 001, India ·
Standard
Chartered Bank, Narain Manzil,
23-Barakhamba Road, New Delhi – 110001, India ·
ICICI
Bank, NBCC Place, Bhisham Pitamah
Marg, Prgati Vihar, New Delhi – 110003, India ·
Kotak Mahindra Bank ·
HDFC Bank ·
Bank
of Nova Scotia ·
Lord
Krishna Bank ·
Citi Bank |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jindal and Company Chartered Accountants |
|
Address : |
411, Vikas Deep, Laxmi
Nagar, District Centre, Delhi – 110 092, India |
|
Tel. No.: |
91-11-22051580 |
|
Fax No.: |
91-11-22054309 |
|
E-Mail : |
|
|
Website : |
|
|
PAN No: |
AAAPJ2192J |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1400000 |
Equity Shares |
Rs.100/- each |
Rs.140.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1069000 |
Equity Shares |
Rs.100/-
each |
Rs.106.900
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 |
|
106.900 |
90.000 |
|
(b) Reserves & Surplus |
|
102.715 |
81.846 |
|
(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) |
|
209.615 |
171.846 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
|
233.477 |
95.590 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long
term liabilities |
|
67.635 |
49.033 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
301.112 |
144.623 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
225.054 |
212.975 |
|
(b)
Trade payables |
|
137.589 |
57.003 |
|
(c)
Other current liabilities |
|
9.901 |
7.571 |
|
(d) Short-term
provisions |
|
7.685 |
6.290 |
|
Total Current
Liabilities (4) |
|
380.229 |
283.839 |
|
|
|
|
|
|
TOTAL |
|
890.956 |
600.308 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
432.025 |
246.108 |
|
(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 |
|
7.937 |
14.659 |
|
(c) Deferred tax
assets (net) |
|
0.423 |
0.000 |
|
(d) Long-term Loan and Advances |
|
5.870 |
2.655 |
|
(e) Other
Non-current assets |
|
0.387 |
0.000 |
|
Total Non-Current
Assets |
|
446.642 |
263.422 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
235.285 |
156.553 |
|
(c)
Trade receivables |
|
180.939 |
153.081 |
|
(d) Cash
and cash equivalents |
|
12.867 |
7.817 |
|
(e)
Short-term loans and advances |
|
15.189 |
19.399 |
|
(f)
Other current assets |
|
0.034 |
0.036 |
|
Total
Current Assets |
|
444.314 |
336.886 |
|
|
|
|
|
|
TOTAL |
|
890.956 |
600.308 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
78.300 |
|
|
2] Share Application Money |
|
|
1.200 |
|
|
3] Reserves & Surplus |
|
|
59.990 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
139.490 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
256.812 |
|
|
2] Unsecured Loans |
|
|
22.974 |
|
|
TOTAL BORROWING |
|
|
279.786 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
419.276 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
218.475 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.150 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
108.700
|
|
|
Sundry Debtors |
|
|
122.558
|
|
|
Cash & Bank Balances |
|
|
8.898
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
17.441
|
|
Total
Current Assets |
|
|
257.597 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
53.810
|
|
|
Other Current Liabilities |
|
|
0.000
|
|
|
Provisions |
|
|
3.136
|
|
Total
Current Liabilities |
|
|
56.946
|
|
|
Net Current Assets |
|
|
200.651
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
419.276 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
513.821 |
|
|
|
Other Income |
|
|
2.900 |
|
|
|
TOTAL |
733.906 |
667.928 |
516.721 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
657.936 |
595.135 |
461.460 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
75.970 |
72.793 |
55.261 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
37.721 |
35.143 |
26.898 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
38.249 |
37.650 |
28.363 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
8.821 |
6.593 |
5.180 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
29.428 |
31.057 |
23.183 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
NA |
38.979 |
|
|
|
Capital Goods |
NA |
NA |
10.690 |
|
|
TOTAL IMPORTS |
NA |
NA |
49.669 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
27.53 |
-- |
29.61 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.00
|
4.65 |
4.49
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
5.52
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.33
|
6.43 |
5.96
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.22 |
0.20
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.18
|
1.80 |
2.00
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.17
|
1.19 |
4.52
|
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 |
No |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
INDEX OF CHARGES:
|
S.
No. |
Charge
ID |
Date
of Charge Creation/Modification |
Charge
amount secured |
Charge
Holder |
Address |
Service
Request Number (SRN) |
|
1 |
10434657 |
19/06/2013 |
40,000,000.00 |
KOTAK
MAHINDRA BANK LIMITED |
AMBADEEP
BUILDING, 14, K. G. MARG, NEW DELHI - 110001, INDIA |
B78650967 |
|
2 |
10434667 |
19/06/2013 |
50,000,000.00 |
KOTAK
MAHINDRA BANK LIMITED |
AMBADEEP
BUILDING, 14, K. G. MARG, NEW DELHI - 110001, INDIA |
B78654407 |
|
3 |
10414081 |
25/03/2013 |
16,014,797.00 |
ELECTRONICA
FINANCE LIMITED |
128/A,
PLOT NO.3,KAILASHCHANDRA APARTMENT, PAU |
B71540322 |
|
4 |
10404430 |
24/01/2013 |
13,400,000.00 |
INDIABULLS
HOUSING FINANCE LIMITED |
F-60
MALHOTRA BUILDING2ND FLOOR CONNAUGHT PLACE, NEW DELHI - 110001, INDIA |
B68620830 |
|
5 |
10398333 |
31/12/2012 |
30,000,000.00 |
RELIANCE
CAPITAL LTD |
"H"
BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE C |
B66293200 |
|
6 |
10386209 |
08/02/2013
* |
14,480,000.00 |
YES
BANK LIMITED |
9TH
FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. |
B68901107 |
|
7 |
10065477 |
26/03/2012
* |
542,700,000.00 |
STATE
BANK OF INDIA |
INDUSTRIAL
FINANCE BRANCH, JAWAHAR VYAPAR BHAWAN, |
B37903481 |
|
* Date of charge modification |
||||||
|
Unsecured Loan |
As
on 31.03.2012 [Rs. in Millions] |
As
on 31.03.2011 [Rs. in Millions] |
|
Long Term
Borrowings |
|
|
|
Rupee Term Loans From Others |
40.353 |
21.256 |
|
Deposits |
11.244 |
4.289 |
|
TOTAL
|
51.597 |
25.545 |
FIXED ASSETS:
·
Land
·
Residential Flat (Under
construction)
·
Building under
construction
·
Factory Building
·
Fax Machines
·
Fire Equipments
·
Generators
·
Office Equipments
·
Plant and Machinery
·
Telephone Instruments
·
Transformer
·
Xerox Machines
·
Furnitures and Fittings
·
Electric Appliances
·
Lift Machine
·
Projector TV
·
APE - 3 Wheeler
·
Car
·
Car (M. 800 Dix.)
·
Car (Matiz)
·
Car Wagon R
·
Honda Accord Car
·
Honda Civic 1.8
·
Maruti Auto
·
Maruti SX4
·
Maruti Swift Vxi
·
Maruti Swift Dezire
·
Mercedes Benz Car
·
Scooter
·
TATA Acc
·
TATA-407
·
Toyota Innova
·
Toyota Qualis
·
Loose Tools
·
Mould and Dyes
·
Computer
·
Plastic Container
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 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.63.06 |
|
|
1 |
Rs.101.15 |
|
Euro |
1 |
Rs.84.95 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.