MIRA
INFORM REPORT
|
Report Date : |
25.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
BEST IT WORLD (INDIA) PRIVATE LIMITED (w.e.f.10.07.2000) |
|
|
|
|
Formerly Known
As : |
PITRANI COMPUTERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
87, Mistry Industrial Complex, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
17.12.1996 |
|
|
|
|
Com. Reg. No.: |
11-104553 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.7.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30000MH1996PTC104553 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB09573E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACP6597N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading in Computer Systems, Components, Peripherals,
Allied Products and Mobile Handset. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
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 2300000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an 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 leading 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.
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 DECLINED
Management Non-Cooperative (91-22-30815100)
LOCATIONS
|
Registered Office : |
87, Mistry Industrial Complex, |
|
Tel. No.: |
91-22-30815100/67745100 |
|
Fax No.: |
91-22-66436262 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
|
|
|
Factory 2: |
Survey No.91/2, Building No.282, Purnikpada, |
|
Tel No.: |
91-22-3294744 |
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Branches : |
Located at:
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|
Located at:
|
%20PRIVATE%20LIMITED%20-%20244185_MIRA%2025-Nov-2013_files/image001.gif){kind=small}
DIRECTORS
As on 18.09.2013
|
Name : |
Mr. Sunil Babulal Kedia |
|
Designation : |
Director |
|
Address : |
B-204, Neptune, Vasant, Galaxy, Goregaon West, Mumbai - 400062, |
|
Date of Birth/Age : |
30.10.1959 |
|
Qualification: |
B.Com, FCA |
|
Experience: |
29 Years |
|
Date of Appointment : |
10.05.2000 |
|
DIN No.: |
00140275 |
|
Pan No.: |
AADPK9566E |
|
|
|
|
Name : |
Mr. Sandeep Sitaram Parasrampuria |
|
Designation : |
Director |
|
Address : |
402, Resort View, Thakur Complex, Kandiwali [East], Mumbai – 400101, |
|
Date of Birth/Age : |
20.07.1965 |
|
Qualification: |
B.Com, ACA |
|
Date of Appointment : |
17.12.1996 |
|
DIN No.: |
00140120 |
|
Pan No.: |
AADPP9122H |
|
Voter ID No.: |
MT/08/040/0783405 |
|
|
|
|
Name : |
Mr. Anil Jagdishprasad Parasrampuria |
|
Designation : |
Director |
|
Address : |
303, Glory, Vasant Marvel, C-Wing, Kandivali West, Mumbai – 400067, |
|
Date of Birth/Age : |
06.09.1967 |
|
Qualification: |
B.Com |
|
Experience: |
22 Years |
|
Date of Appointment : |
17.12.1996 |
|
DIN No.: |
00140235 |
|
Pan No.: |
AACPP2312G |
|
Voter ID No.: |
KNF1165976 |
|
|
|
|
Name : |
Mr. Rakesh Yogeshkumar Shah |
|
Designation : |
Director |
|
Address : |
A-408, Bhoomi Enclave Mahavir Nagar, Kandivali (West) Mumbai – 400067,
|
|
Date of Birth/Age : |
20.11.1965 |
|
Qualification: |
B.Com |
|
Experience: |
24 Years |
|
Date of Appointment : |
21.05.1998 |
|
DIN No.: |
00140338 |
|
Pan No.: |
ACXPS6801J |
|
|
|
|
Name : |
Mr. Vijay Kumar Dalmia |
|
Designation : |
Director |
|
Address : |
603 / 604, |
|
Date of Birth/Age : |
28.12.1956 |
|
Date of Appointment : |
07.06.2000 |
|
DIN No.: |
00209719 |
|
Pan No.: |
AAAPD4448H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 18.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Sandeep S
Parasrampuria |
|
26000 |
|
Anil J
Parasrampuria |
|
52850 |
|
Sunil Kedia
|
|
20290 |
|
Rakesh shah |
|
122500 |
|
Anita Parasrampuria |
|
82500 |
|
Sudha Parasrampuria |
|
48000 |
|
Ami Shah |
|
35000 |
|
Bharti Kedia |
|
54700 |
|
Vljay Dalmia |
|
57200 |
|
Sangeeta Dalmia |
|
100200 |
|
Amit B. Banka and Pooja A. Banka |
|
15000 |
|
Jagdish Parasrampuria |
|
1000 |
|
Vidyadevi Dalmia |
|
100 |
|
Sitaram Parasrampuria |
|
500 |
|
Draupadi parasrampuria |
|
500 |
|
Nimisha Parasrampuria |
|
50 |
|
Bennett Coleman and Company Limited |
|
10 |
|
Sandeep Parasrampuria |
|
78000 |
|
Anil Parasrampuria |
|
55600 |
|
Total |
|
750000 |
As on 18.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading in Computer Systems, Components, Peripherals,
Allied Products and Mobile Handset. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
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Bankers : |
· Axis Bank Limited, Trishul, 3rd Floor, Opposite Samartheshwar Temple, Law Garden, Ellis Bridge,, Ahmedabad - 380006, Gujarat, India · Cosmos Bank, Pratik Avenue, 1st Floor, Opposite Hotel Shivsagar, Vile Parle (East), Mumbai - 400057, Maharashtra, India · Small Industries Development Bank of India, Show Room No 1&2, Upper Ground Floor, Samruddhi, Venture Park, M I D C Road, Marol, Andheri (West), Mumbai - 400093, Maharashtra, India · Axis Bank Limited, Laxmi The Mall, Building No.5, Laxmi Industrial Estate, New Link Road, Andheri (West), Mumbai - 400053, Maharashtra, INDIA · IDBI Bank Limited, IDBI Tower WTC Complex, Cuffe Parade, Mumbai – 400005, Maharashtra, India ·
Axis Bank Limited, Corporate Banking Branch,
Barakhamba Road, Statesman House, 2nd Floor, New Delhi – 110001,
India |
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Facilities : |
(Rs.
In Millions)
|
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|
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Banking
Relations : |
--- |
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Auditors : |
|
|
Name : |
V. B. Goel and Company Chartered Accountants |
|
Address : |
Flat no. 2 and
3, Ajay Apts, Kasturba Cross Road Malad West Mumbai – 400064, Maharashtra,
India |
|
PAN No.: |
AACPG6633R |
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Associate : |
Natasha Industries |
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Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives |
· Dalmia Polytex Private Limited · Quality Product · Saanwaria Polyster Private Limited · Centos Synthetics · Anil Rajesh and Trading Company · Sharp Infrastructure Private Limited · Kamal Cotspin Private Limited · Strata Geosystems (India) Private Limited ·
Takshshila Reale State Private Limited |
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|
Associates/Subsidiaries : |
|
CAPITAL STRUCTURE
As on 18.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs.10/- each |
Rs.7.500
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
7.500 |
7.500 |
7.500 |
|
(b) Reserves & Surplus |
567.173 |
486.825 |
444.569 |
|
(c) Money
received against share warrants |
13.000 |
13.000 |
13.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
587.673 |
507.325 |
465.069 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
76.818 |
27.126 |
24.946 |
|
(b) Deferred tax liabilities (Net) |
12.573 |
8.543 |
8.144 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
89.391 |
35.669 |
33.090 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
725.675 |
572.141 |
264.300 |
|
(b) Trade payables |
581.403 |
348.917 |
285.373 |
|
(c) Other current
liabilities |
175.324 |
94.412 |
66.743 |
|
(d) Short-term provisions |
34.734 |
25.437 |
19.492 |
|
Total Current Liabilities (4) |
1517.136 |
1040.907 |
635.908 |
|
|
|
|
|
|
TOTAL |
2194.200 |
1583.901 |
1134.067 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
170.140 |
146.970 |
109.643 |
|
(ii) Intangible Assets |
34.462 |
33.361 |
2.706 |
|
(iii) Capital
work-in-progress |
0.000 |
6.172 |
6.977 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
7.861 |
|
(b) Non-current Investments |
0.127 |
0.128 |
0.128 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
72.082 |
66.403 |
56.726 |
|
(e) Other Non-current assets |
5.676 |
4.103 |
3.042 |
|
Total Non-Current Assets |
282.487 |
257.137 |
187.083 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1043.233 |
750.817 |
587.663 |
|
(c) Trade receivables |
422.425 |
293.279 |
204.778 |
|
(d) Cash and cash
equivalents |
265.398 |
150.564 |
81.513 |
|
(e) Short-term loans and advances |
152.559 |
131.698 |
72.460 |
|
(f) Other current assets |
28.098 |
0.406 |
0.570 |
|
Total Current Assets |
1911.713 |
1326.764 |
946.984 |
|
|
|
|
|
|
TOTAL |
2194.200 |
1583.901 |
1134.067 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
6119.756 |
3909.813 |
3284.827 |
|
|
|
Other Income |
|
9.669 |
26.049 |
|
|
|
TOTAL
(A) |
6119.756 |
3919.482 |
3310.876 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
3.241 |
28.886 |
|
|
|
Purchase of stock in trade |
|
2876.379 |
2550.194 |
|
|
|
Employee Benefit expenses |
|
317.470 |
222.493 |
|
|
|
Other Expenses |
|
755.760 |
505.618 |
|
|
|
Changes in inventories of finished goods |
|
(165.082) |
(211.359) |
|
|
|
TOTAL (B) |
5885.489 |
3787.768 |
3095.832 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
234.267 |
131.714 |
215.044 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
92.336 |
51.031 |
23.503 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
141.931 |
80.683 |
191.541 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
16.045 |
9.317 |
5.952 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
125.886 |
71.366 |
185.589 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
40.273 |
23.880 |
60.860 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
85.613 |
47.486 |
124.729 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
26.803 |
24.547 |
25.065 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
70.000 |
40.000 |
120.000 |
|
|
|
Dividend |
4.500 |
4.500 |
4.500 |
|
|
|
Tax on Dividend |
0.765 |
0.730 |
0.747 |
|
|
BALANCE CARRIED
TO THE B/S |
37.151 |
26.803 |
24.547 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
FOB Value of Import |
4170.706 |
2464.078 |
1721.356 |
|
|
TOTAL IMPORTS |
4170.706 |
2464.078 |
1721.356 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
114.15 |
63.31 |
166.30 |
|
%20PRIVATE%20LIMITED%20-%20244185_MIRA%2025-Nov-2013_files/image002.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20244185_MIRA%2025-Nov-2013_files/image003.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.40
|
1.21 |
3.77 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
1.83 |
5.65 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.74
|
4.52 |
16.58 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.14 |
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.37
|
1.18 |
0.62 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26
|
1.27 |
1.49 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT
Rs. In Millions
|
Particular |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
Current maturities of long-term debt |
3.759 |
3.763 |
3.360 |
|
|
|
|
|
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating, if available |
No |
REVIEW OF OPERATIONS
The Company continues its endeavor in providing customers quality products, services and delivery efficiency, thereby ensuring their continued patronage for your company's products and services.
The Company continues to gear up all its resources to derive the maximum benefits in the present economic scenario and is taking adequate steps to ensure adequate reach in all corners of the country with vigorous marketing efforts and ceaseless cost reduction exercises. The Directors are fully seized of the fact that the need of the hour is to enhance the Revenue and Profit to higher levels and to achieve this end efforts have been initiated for adding value to products and services.
Efforts are also being intensified to maintain leadership position by constant up gradation of products to keep pace with advancing technology trends and maintaining the superiority in quality of products and services.
The Directors are hopeful that all the above, coupled with continuous monitoring of inventory, receivables and overheads, would result in healthier profits in future.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10458607 |
08/10/2013 |
60,000,000.00 |
AXIS BANK LIMITED |
TRISHUL, 3RD FLOOR, OPPOSITE SAMARTHESHWAR TEMPLE,, LAW GARDEN, ELLIS BRIDGE, AHMEDABAD, GUJARAT - 380006, INDIA |
B88923230 |
|
2 |
10453964 |
30/09/2013 |
30,000,000.00 |
COSMOS BANK |
PRATIK AVENUE, 1ST FLOOR, OPPOSITE. HOTEL SHIVSAGAR, VILE
PARLE (EAST), MUMBAI, MAHARASHTRA - 400057, |
B87063897 |
|
3 |
10414303 |
31/05/2013 * |
150,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
SHOW ROOM NO 1&2, UPPER GROUND FLOOR, SAMRUDDHI, VENTURE PARK, M I D C ROAD, MAROL, ANDHERI (W), MUMBAI, MAHARASHTRA - 400093, INDIA |
B76842293 |
|
4 |
10406302 |
19/01/2013 * |
1,640,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B69049385 |
|
5 |
10184432 |
20/10/2009 |
20,000,000.00 |
THE COSMOS CO-OP BANK LIMITED |
VILE PARLE BRANCH, NEHRU ROAD, VILE PARLE EAST, MUMBAI, MAHARASHTRA - 400057, INDIA |
A72733553 |
* Date of charge modification
FIXED ASSETS
- Building
- Land
- Plant and
Machinery
- Office
Premises
- Computer
Systems
- Electrical
Fittings
- Dies and
Moulds
- Office
Equipment
- Furniture and
Fixture
- Vehicles
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.63.02 |
|
|
1 |
Rs.102.04 |
|
Euro |
1 |
Rs.84.92 |
INFORMATION DETAILS
|
Information Gathered
by : |
NAY |
|
|
|
|
Report Prepared
by : |
NTH |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
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.