1. Summary Information
|
|
|
Country |
|
|
Company Name |
V AND
S INTERNATIONAL PRIVATE LIMITED |
Principal Name 1 |
Mr. Chander Prakash Gauba |
|
Status |
Moderate |
Principal Name 2 |
Mr. Sahil Gauba |
|
|
|
Registration # |
-- |
|
Street Address |
S-22,
Iind Floor, Manish Global Mall, Sector-22, Dwarka, New Delhi 110075,
Delhi |
||
|
Established Date |
14.08.1992 |
SIC Code |
-- |
|
Telephone# |
-- |
Business Style 1 |
Manufacturer, Exporter & Trader |
|
Fax # |
-- |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
Fashion products in knitted, woven, and home textile
product. |
|
# of employees |
200
(Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.406.200 Millions |
Product Name 3 |
-- |
|
Shareholders |
Mrs. Neeta Gauba – 3613600 |
Banking |
Indian Overseas Bank |
|
Public Limited Corp. |
-- |
Business Period |
21 years |
|
IPO |
--- |
International Ins. |
- |
|
Public |
--- |
Rating |
B
(30) |
|
Related
Company |
|||
|
Relation
Sister Concern |
Country
India |
Company
Name |
V and S Industries Private
Limited |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,043,701,000 |
Current Liabilities |
259,157,000 |
|
Inventories |
740,855,000 |
Long-term Liabilities |
1,181,494,000
|
|
Fixed Assets |
608,704,000 |
Other Liabilities |
99,948,000 |
|
Deferred Assets |
-- |
Total Liabilities |
1,540,599,000 |
|
Invest& other Assets |
1,205,000 |
Retained Earnings |
447,666,000 |
|
|
|
Net Worth |
853,866,000 |
|
Total Assets |
2,394,465,000 |
Total Liab. & Equity |
2,394,465,000 |
|
Total Assets (Previous Year) |
2,625,218,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
1,427,100,000 |
Net Profit |
(1,000,000) |
|
Sales(Previous yr) |
2,249,400,000 |
Net Profit(Prev.yr) |
25,700,000 |
|
Report Date : |
30.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
V AND S INTERNATIONAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
S-22, Iind Floor, Manish Global Mall, Sector-22, Dwarka, New Delhi 110075, Delhi |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation
: |
14.08.1992 |
|
|
|
|
Com. Reg. No.: |
049964 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.406.200 Millions |
|
|
|
|
TIN No.: |
06551818063 |
|
|
|
|
PAN No.: |
AAACV0030A |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1992PTC049964 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter & Trader of Fashion products in knitted, woven, and home textile product. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
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 3415464 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. Management has filed the latest financials of the 2013with government
department, but the same are not available with us. As per available, There seems to be a loss incurred from operations
during 2012. The ratings take into consideration the on going delays in debt
servicing resulting from stretched liquidity position owing to elongated
working capital cycle. However,
financial position appears to be decent. Trade relations are reported as fair. Business is active. Payments are
reported as slow. 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.
ECGC Country Risk Classification List – June 30, 2012
|
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 traqde 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 |
Long Term Bank Facilities : D |
|
Rating Explanation |
Ratings are in default or are expected to be in default soon |
|
|
|
|
Rating |
Short Term Bank Facilities : D |
|
Rating Explanation |
Default or are expected to be in default on maturity. |
|
Date |
11.04.2013 |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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. B D Sharma |
|
Designation : |
Manager |
|
Contact No.: |
91-9958893931 |
|
Date : |
15.11.2013 |
LOCATIONS
|
Registered Office : |
S-22, Iind Floor, Manish Global Mall, Sector-22,
Dwarka, New Delhi 110075, Delhi, India |
|
Website : |
|
|
|
|
|
Factory 1 : |
38th KM Milestone, Behrampurroad, |
|
Tel. No.: |
91-124-4099600 |
|
Fax No.: |
91-124-4039855 |
|
E-Mail : |
DIRECTORS
AS ON 29.10.2012
|
Name : |
Mr. Chander Prakash Gauba |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
B-9/24, Dlf Ph-I, Gurgaon, 122001, Haryana, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
14.06.2012 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00054933 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
OTHER
DIRECTORSHIP:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sahil Gauba |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
B-9/24, Dlf Ph-I, Gurgaon, 122001, Haryana, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.06.2007 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00969915 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
OTHER
DIRECTORSHIP:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Bal Krishna Taparia |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Nominee Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
75 Nagina Bagh, Ajmer – 305001, Rajasthan, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.06.2012 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. B D Sharma |
|
Designation : |
Manager |
|
|
|
|
Name : |
Ms. Nidhi Aggarwal |
|
Designation : |
Secretary |
|
Address : |
161/11, Indrapuri Jacubpura, Near Ramlila
Ground, Gurgaon – 122001, Haryana, India |
|
Date of Appointment : |
06.07.2012 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.10.2012
|
Names of Shareholders |
|
No. of Shares |
|
Mrs. Neeta Gauba |
|
3613600 |
|
Mr. C P Gauba |
|
2878000 |
|
Mr. Sahil Gauba |
|
1392500 |
|
Mr. Vipul Gauba |
|
1392500 |
|
C P Gauba (HUF) |
|
735800 |
|
Mr. Pradeep Sethi |
|
188000 |
|
Mr. Satish Arora |
|
108100 |
|
Mr. P K Sethi |
|
94000 |
|
Monarch Tapes Limited |
|
94000 |
|
Solo Apparels Private Limited |
|
60000 |
|
Bulls and Bears Private Limited |
|
40000 |
|
V and S Industries Private Limited |
|
23500 |
|
Total |
|
10620000 |
AS ON 29.10.2012
|
Category |
Percentage |
|
Bodies corporate |
2.00 |
|
Directors or relatives of Directors |
94.00 |
|
Other top fifty shareholders |
4.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter & Trader of Fashion products in
knitted, woven, and home textile product. |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
Korea |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash, Credit |
|
|
|
|
Purchasing : |
L/C, Cash, Credit |
GENERAL INFORMATION
|
Customers : |
·
Retailers ·
End users |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
200 (Approximately) |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Indian Overseas Bank · Standard Chartered Bank · State Bank of India · Standard Chartered Bank · Union Bank of India |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Financial Institutions: |
Housing Development Finance Corporation Limited |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Sister Concern : |
·
V and S Industries Private Limited ·
V and S Projects Private Limited ·
Destini India Limited ·
Gauba Sons Holdings Private Limited ·
Mehta Wheels Private Limited ·
V and S Dwellers Private Limited |
CAPITAL STRUCTURE
AS ON 29.10.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
13500000 |
Equity Shares |
Rs.10/- each |
Rs.135.000 Millions |
|
3000000 |
Preference Shares |
Rs.100/- each |
Rs.300.000 Millions |
|
|
Total |
|
Rs.435.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
10620000 |
Preference Shares |
Rs.100/- each |
Rs.106.200 Millions |
|
|
3000000 |
Preference Shares |
Rs.100/- each |
Rs.300.000 Millions |
|
|
|
Total |
|
Rs.406.200
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 |
|
406.200 |
406.200 |
|
(b) Reserves & Surplus |
|
447.666 |
448.701 |
|
(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) |
|
853.866 |
854.901 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
335.986 |
356.064 |
|
(b) Deferred tax liabilities (Net) |
|
91.701 |
88.143 |
|
(c) Other long term liabilities |
|
5.848 |
1.835 |
|
(d) long-term provisions |
|
2.951 |
4.990 |
|
Total Non-current Liabilities (3) |
|
436.486 |
451.032 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
845.508 |
853.715 |
|
(b) Trade payables |
|
192.640 |
299.773 |
|
(c) Other current
liabilities |
|
60.669 |
161.197 |
|
(d) Short-term provisions |
|
5.296 |
4.600 |
|
Total Current Liabilities (4) |
|
1104.113 |
1319.285 |
|
|
|
|
|
|
TOTAL |
|
2394.465 |
2625.218 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
608.704 |
701.980 |
|
(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 |
|
16.428 |
13.637 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
625.132 |
715.617 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
1.205 |
1.355 |
|
(b) Inventories |
|
740.855 |
741.783 |
|
(c) Trade receivables |
|
906.520 |
825.623 |
|
(d) Cash and cash
equivalents |
|
13.028 |
11.334 |
|
(e) Short-term loans and
advances |
|
107.725 |
329.506 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
1769.333 |
1909.601 |
|
|
|
|
|
|
TOTAL |
|
2394.465 |
2625.218 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
1427.100 |
2249.400 |
|
|
|
Other Income |
|
65.900 |
119.800 |
|
|
|
TOTAL |
|
1493.000 |
2369.200 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
|
1489.700 |
2346.200 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
44.900 |
68.900 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
41.700 |
45.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
3.200 |
23.100 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
4.200 |
(2.600) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
(1.000) |
25.700 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
200.900 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
|
(0.06) |
1.08 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
0.22 |
1.02 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
0.13 |
0.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.00 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
1.38 |
1.42 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.60 |
1.45 |
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
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) |
Yes |
|
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 |
No |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
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 |
Yes |
VIEW INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10345190 |
09/02/2012 |
40,000,000.00 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MA |
B36141489 |
|
2 |
10313643 |
30/08/2011 |
318,000,000.00 |
Indian Overseas Bank |
Rajiv Circle Branch, D-28/29, Connaught Place, Ne |
B23691942 |
|
3 |
10063939 |
31/07/2007 |
20,000,000.00 |
INDIAN OVERSEAS BANK |
INDUSTRIAL FINANCE BRANCH, 101-102,ROHIT HOUSE -3 |
A20777751 |
|
4 |
10066445 |
30/07/2007 |
320,000,000.00 |
STANDARD CHARTERED BANK |
CREDIT RISK CONTROL, NARAIN MANZIL, 23, BARAKHAMB |
A22089734 |
|
5 |
10002883 |
21/11/2008 * |
173,500,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, PALAM COURT, GURGAON, GURGAON, |
A51472181 |
|
6 |
10002234 |
16/02/2008 * |
173,500,000.00 |
STATE BANK OF INDIA |
CHANDNI CHOWK, NEW DELHI, Delhi - 110006, INDIA |
A34009639 |
|
7 |
80002905 |
26/08/2009 * |
310,000,000.00 |
STANDARD CHARTERED BANK |
CREDIT RISK CONTROL, NARAIN MANZIL, 23 BARAKHAMBA |
A68136449 |
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.62.39 |
|
|
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
-- |
|
|
|
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--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.