MIRA INFORM REPORT
|
Report Date : |
05.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
SANGEETA POLY PACK PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
106, Golden Chambers, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
20.10.1997 |
|
|
|
|
Com. Reg. No.: |
11-111394 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.2.400
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25200MH1997PTC111394 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS24765G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Extrusion of Plastic Sheet and Stationery Products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 440000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Trade relations are fair. Business is active. Payments are reported to be
usually correct and as per commitments. The company can be considered normal 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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the outbreak
of the global financial crisis, the world economy continues to remain fragile.
The Indian economy demonstrated remarkable resilience in the initial years of
the contagion but finally lost ground last year. GDP growth slowed down.
Currency has been weakening. There is a marked deceleration in agriculture,
industry and services. Dampening sentiment led to a cut-back in investment as
well as private consumption expenditure. Inflation remained at high
levels fuelled by the pressure from the food and fuel sectors. The large fiscal
and current account deficit s continued to cause grave concern. It is
imperative that India regains its growth trajectory of 8-9 % sooner than later.
This is crucially important given the need to create gainful livelihood opportunities
for the millions living in poverty as also the large contingent of young people
joining the job market every year.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BBB- (Long Term Rating) |
|
Rating Explanation |
Moderate degree of safety it carry moderate credit risk. |
|
Date |
14.12.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A3 (Short Term Rating) |
|
Rating Explanation |
Moderate degree of safety it carry higher credit risk. |
|
Date |
14.12.2012 |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Hemant |
|
Designation : |
Marketing Manager |
|
Contact No.: |
91-22-40562222 |
|
Date : |
04.10.2013 |
LOCATIONS
|
Registered / Admin Office : |
106, Golden Chambers, |
|
Tel. No.: |
91-22-40562222 / 66939491 |
|
Fax No.: |
91-22-40562232 / 66939490 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1100 Sq. ft |
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Survey No 669/6D, B Building, Sangeeta Industrial Estate, Somnath Road, Daman-396215, Daman and Diu |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Survey No 23, Unit no 2, Village Ringanwada, Daman-396215, Daman and Diu |
|
E-Mail : |
|
|
|
|
|
Factory 3 : |
Survey No. 597/2(1), Opposite Somnath Temple, Behind Siddhivinayak Industrial Estate, Daman-396210, Daman and Diu |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Amardeep Harpal Singh Arora |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
902, |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.10.1973 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
01.11.2006 |
|||||||||||||||||||||||||||
|
DIN No.: |
01321797 |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Harpal Agya Singh |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
901, |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.09.1944 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
20.10.1997 |
|||||||||||||||||||||||||||
|
DIN No.: |
01321672 |
|||||||||||||||||||||||||||
|
Other
Directorship:
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mrs. Sangeeta Harpal Singh |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
902, |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.04.1947 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
20.10.1997 |
|||||||||||||||||||||||||||
|
DIN No.: |
00375380 |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Ramanjit Harpal Singh |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
902, |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.03.1975 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
20.10.1997 |
|||||||||||||||||||||||||||
|
DIN No.: |
00375083 |
|||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Hemant |
|
Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Harpal Agya Singh |
|
84000 |
|
Sangeeta Harpal Singh |
|
52800 |
|
Amardeep Harpal Singh Arora |
|
48000 |
|
Ramajit Harpal Singh |
|
43200 |
|
Gursimran Harpal Kaur |
|
12000 |
|
|
|
|
|
Total |
|
240000 |
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 Extrusion of Plastic Sheet and Stationery Products. |
PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
Unit |
Installed Capacity |
|
Plastics Tubings/ Rolls/ Sheets/ Bags |
KG. |
600000 |
NOTE: As certified by the management and relied on by the auditors being a
technical matter.
ACTUAL PRODUCTION:
|
Particular |
Actual
Production [Qty. KG] |
|
Plastic Rolls/ Tubing |
0.000 |
|
Plastic Bags |
0.000 |
|
Plastic Sheet |
4190867.500 |
|
Plastic Scrap |
71637.800 |
|
Plastic Folders |
312788.7 |
NOTE: Production of Plastic Tubing excludes qty
manufactured for captive consumption.
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
Dena Bank, Manish Nagar Branch, J. P. Road, Four Bunglow, Andheri (West), Mumbai - 400053, Maharashtra, India |
|||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
N.B. Jhunjhunwala and Company Chartered Accountants |
|
Address : |
306, Corporate Avenue, Sonawala Lane, Goregaon (East), Mumbai –
400063, |
|
Tel. No.: |
91-22-26852202 |
|
Fax No.: |
91-22-26852202 |
|
E-Mail : |
|
|
PAN No.: |
AACPJ3970A |
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
440,000 |
Equity Shares |
Rs.10/- each |
Rs.4.400 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
240,000 |
Equity Shares |
Rs.10/- each |
Rs.2.400
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 |
|
2.400 |
2.400 |
|
(b) Reserves & Surplus |
|
109.997 |
86.573 |
|
(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) |
|
112.397 |
88.973 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
27.350 |
29.838 |
|
(b) Deferred tax liabilities (Net) |
|
2.796 |
3.353 |
|
(c) Other long term
liabilities |
|
12.419 |
11.132 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
42.565 |
44.323 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
53.844 |
48.961 |
|
(b) Trade
payables |
|
14.086 |
13.360 |
|
(c) Other
current liabilities |
|
14.491 |
11.249 |
|
(d) Short-term
provisions |
|
6.239 |
7.207 |
|
Total Current
Liabilities (4) |
|
88.660 |
80.777 |
|
|
|
|
|
|
TOTAL |
|
243.622 |
214.073 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
88.789 |
93.110 |
|
(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 |
|
0.542 |
1.421 |
|
(e) Other
Non-current assets |
|
3.139 |
0.395 |
|
Total Non-Current
Assets |
|
92.470 |
94.926 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
45.053 |
32.075 |
|
(c) Trade
receivables |
|
86.446 |
72.635 |
|
(d) Cash
and cash equivalents |
|
3.078 |
1.437 |
|
(e)
Short-term loans and advances |
|
16.204 |
12.650 |
|
(f) Other
current assets |
|
0.371 |
0.350 |
|
Total
Current Assets |
|
151.152 |
119.147 |
|
|
|
|
|
|
TOTAL |
|
243.622 |
214.073 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2.400 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
64.060 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
66.460 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
69.986 |
|
|
2] Unsecured Loans |
|
|
10.063 |
|
|
TOTAL BORROWING |
|
|
80.049 |
|
|
DEFERRED TAX LIABILITIES |
|
|
3.277 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
149.786 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
87.491 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
16.780 |
|
|
Sundry Debtors |
|
|
49.793 |
|
|
Cash & Bank Balances |
|
|
0.877 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
14.962 |
|
Total
Current Assets |
|
|
82.412 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
7.742 |
|
|
Other Current Liabilities |
|
|
0.060 |
|
|
Provisions |
|
|
12.315 |
|
Total
Current Liabilities |
|
|
20.117 |
|
|
Net Current Assets |
|
|
62.295 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
149.786 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
538.388 |
420.949 |
301.080 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
538.388 |
420.949 |
301.080 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
NA |
363.417 |
253.471 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
NA |
363.417 |
253.471 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
60.766 |
57.532 |
47.609 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES (D) |
11.176 |
9.967 |
8.035 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
49.409 |
47.565 |
39.574 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION (F) |
11.357 |
10.023 |
7.842 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
38.052 |
37.542 |
31.732 |
|
|
|
|
|
|
|
|
|
|
TAX (H) |
12.676 |
13.076 |
11.525 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
25.376 |
24.466 |
20.207 |
|
|
|
|
|
|
|
|
|
|
INCOME TAX |
0.061 |
0.007 |
(0.190) |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
77.573 |
57.060 |
41.008 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
2.000 |
2.000 |
2.000 |
|
|
|
Dividend |
1.680 |
1.680 |
1.680 |
|
|
|
Tax on Dividend |
0.273 |
0.279 |
0.286 |
|
|
BALANCE CARRIED
TO THE B/S |
98.997 |
77.573 |
57.059 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
3.722 |
1.900 |
3.634 |
|
|
TOTAL EARNINGS |
3.722 |
1.900 |
3.634 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
86.047 |
59.760 |
15.750 |
|
|
TOTAL IMPORTS |
86.047 |
59.760 |
15.750 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
105.73 |
101.94 |
84.20 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
770.000 |
|
|
|
|
|
The above information has been parted by Mr. Hemant.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.71
|
5.81 |
6.71 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.62
|
17.54 |
18.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34
|
0.42) |
0.48 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.72
|
0.89 |
1.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.70
|
1.48 |
4.10 |
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 |
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 |
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
NOTE:
The registered office of the company has been shifted from 2, Prem Industrial Estate, Subhash Road, Jogeshwari (East), Mumbai-400060, Maharashtra, India to the present address w.e.f. 07.05.2010.
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
LONG TERM
BORROWINGS |
|
|
|
From Shareholders and Director's Relative (Interest Free loans) |
20.300 |
16.570 |
|
Total |
20.300 |
16.570 |
OPERATIONS:
During the year, the company has achieved total turnover and other income of Rs.538.388 Millions (Rs. 420.949 Millions) The Company has earned net profit of Rs.38.052 Millions (Rs. 37.542 Millions). The Directors are hopeful for achieving better results in the future.
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10155023 |
30/03/2009 |
12,000,000.00 |
DENA BANK |
MAKER TOWER 'E', CUFFE PARADE, MUMBAI, Maharashtra - 400005, INDIA |
A61221883 |
|
2 |
10154934 |
07/03/2009 |
5,000,000.00 |
DENA BANK |
MAKER TOWER 'E', CUFFE PARADE, MUMBAI, Maharashtra - 400005, INDIA |
A61186979 |
|
3 |
90142246 |
28/03/2011 * |
101,329,000.00 |
Dena Bank |
Manish Nagar Branch, J. P. Road, Four Bunglow, Andheri West, Mumbai, Maharashtra - 400053, INDIA |
B10848661 |
* Date of charge modification
FIXED ASSETS:
- Plant and Machineries
- Furniture and Fixtures
- Electrical Installation
- Computer and Peripherals
- Office Premises
- Flat
- Air Conditioner
- Refrigerator
- Vehicles
- Factory Shed
- Office Equipments
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.61.41 |
|
|
1 |
Rs.99.29 |
|
Euro |
1 |
Rs.83.68 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
RAJ |
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 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
45 |
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.