|
Report Date : |
07.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
SURYA COATS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
3-G, 3rd Floor, Trade Centre, Near Stadium Circle,
Navrangpura, Ahmedabad – 380 009, Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
19.02.1993 |
|
|
|
|
Com. Reg. No.: |
04-019010 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs.24.475
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999GJ1993PTC019010 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMS00165E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCS0464N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of a Black Centered Metallic
Paper, Coated Paper, etc |
|
|
|
|
No. of
Employees: |
65 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (14) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Performance of the company appears to be below average. Profitability of
the company is under pressure. There appear huge accumulated losses recorded,
due to which the networth of the company has been eroded. However, business is active. Payment terms are slow. The company can be considered for business dealing under safe and
secured 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.
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. Chiag |
|
Designation : |
Marketing Manager |
|
Contact No.: |
91-9099893383 |
|
Date : |
05.10.2013 |
LOCATIONS
|
Registered Office : |
3-G, 3rd Floor, Trade Centre, Near Stadium Circle,
Navrangpura, Ahmedabad-380 009, Gujarat, India |
|
Tel. No.: |
91-79-26449684 |
|
Mobile No.: |
91-9099893383 ( Mr. Chirag) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
46000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No.2016/B/2, At Post – Vamaj, Taluka – Kadi, Kadi – 382 715,
Gujarat, India |
|
Tel. No.: |
91-2764-285578 |
|
Fax No.: |
91-2764-285542 |
|
|
|
|
Service Office: |
No.3, 1st Floor, Binori Ambit, Near Jalsa Party Plot,
Thaltej, S.G. Highway Ahmedabad – 380 059, Gujarat, India |
|
Tel. No.: |
91-2764-285578/ 285642/ 321742/ 298524 |
|
Fax No.: |
91-2764-285542 |
DIRECTORS
AS ON 15.09.2012
|
Name : |
Mr. Sameer Navinchandra Patel |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
3, Abhishree Residency-1, B/h Kantam Party Plot, Ahmedabad – 380 058,
Gujarat, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.04.1967 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
19.02.1993 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No : |
00092360 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Harishbhai Bhanubhai Patel |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
27, Nirat Park, Sola Road, Thaltej, Ahmedabad – 380 061, Gujarat,
India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.08.1961 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
12.09.1993 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No : |
00092389 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Bharatkumar Mohanlal Gandhi |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
I-104, Tulip Citadel, Shreyas Tekra, Ambawadi, Ahmwdabad – 380 015,
Gujarat, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
06.05.1969 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.03.2002 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No : |
00092415 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Chiag |
|
Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 15.09.2012
|
Names of Shareholders |
No. of Shares |
|
Samir N. Patel |
1000 |
|
Harish B. Patel |
84000 |
|
Bharat N. Patel |
1000 |
|
Navinchandra R. Patel |
30000 |
|
Kusumben N. Patel |
1000 |
|
Hasumatiben R. Patel |
158133 |
|
Rumit H. Patel |
40000 |
|
Mansi H. Patel |
20000 |
|
Jignesh B. Patel (HUF) |
91000 |
|
Romil J. Patel |
20000 |
|
Bharat M. Gandhi |
140000 |
|
Mohanlal C. Gandhi |
50000 |
|
Niraj H. Patel |
15000 |
|
Sarojben H. Patel |
15000 |
|
Chetan J. Patel |
10000 |
|
Mitul J. Patel |
10000 |
|
Charulata N. Patel |
269224 |
|
Vishnubhai S. Patel |
20000 |
|
Chandubhai T. Patel |
20000 |
|
Bhanubhai B. Patel |
81000 |
|
Harish B. Patel (HUF) |
81000 |
|
Rekhaben H. Patel |
207567 |
|
Rituben J. Patel |
193567 |
|
Jignesh B. Patel |
111000 |
|
Tarika B. Patel |
379000 |
|
Nisha S. Patel |
200000 |
|
Priyanshi J. Patel |
20000 |
|
Drishti S. Patel through FNG Samir Patel |
179000 |
|
Total |
2447491 |
AS ON 15.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
78.86 |
|
Other
top fifty shareholders |
|
21.14 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of a Black Centered Metallic
Paper, etc |
|
|
|
|
Products : |
|
|
|
|
|
Exports : |
|
|
Products : |
Black Centered Metallic Paper |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
Unit |
Actual
Production |
|
Licensed Capacity |
Tons |
NA |
|
Installed Capacity |
Tons |
5400 |
|
Actual Production |
Tons |
1678.457 |
GENERAL INFORMATION
|
Customers : |
·
Wholesalers ·
Retailers ·
End Users |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
65 [Approximately] |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
·
The Kalupur Commercial Co-operative Bank Limited, Ashram Road,
Usmanpura Branch, Ahmedabad – 380 006, Gujarat, India. ·
Axis Bank Limited, Ahmedabad, Gujarat, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Chandulal M. Shah and Company Chartered Accountant |
|
Address : |
601, “Samruddhi”, Opposite Sakar-III, Sattar Taluka Society, Ahmedabad
– 380 014, Gujarat, India |
|
Income-tax PAN of auditor or auditor’s firm : |
AAAFC6603M |
|
|
|
|
Associate Companies : |
|
|
|
|
|
Associate Firms : |
|
CAPITAL STRUCTURE
AS ON 15.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2447491 |
Equity Shares |
Rs.10/- each |
Rs.24.475
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 |
|
24.475 |
24.475 |
|
(b) Reserves & Surplus |
|
(32.712) |
(33.425) |
|
(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) |
|
(8.237) |
(8.950) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c)
Other long term liabilities |
|
0.503 |
0.000 |
|
(d)
Long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
0.503 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
50.636 |
52.486 |
|
(b)
Trade payables |
|
15.029 |
12.729 |
|
(c)
Other current liabilities |
|
2.087 |
2.162 |
|
(d)
Short-term provisions |
|
0.249 |
0.551 |
|
Total
Current Liabilities (4) |
|
68.001 |
67.928 |
|
|
|
|
|
|
TOTAL |
|
60.267 |
58.978 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
14.688 |
16.102 |
|
(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 |
|
0.563 |
0.563 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
1.152 |
1.119 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
16.403 |
17.784 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
22.417 |
21.566 |
|
(c)
Trade receivables |
|
13.584 |
15.312 |
|
(d)
Cash and cash equivalents |
|
5.937 |
3.271 |
|
(e)
Short-term loans and advances |
|
1.881 |
1.045 |
|
(f)
Other current assets |
|
0.045 |
0.000 |
|
Total
Current Assets |
|
43.864 |
41.194 |
|
|
|
|
|
|
TOTAL |
|
60.267 |
58.978 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
24.475 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1.500 |
|
|
4] (Accumulated Losses) |
|
|
(33.944) |
|
|
NETWORTH |
|
|
(7.969) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
11.572 |
|
|
2] Unsecured Loans |
|
|
39.376 |
|
|
TOTAL BORROWING |
|
|
50.948 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
42.979 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
17.358 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.563 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
15.583 |
|
|
Sundry Debtors |
|
|
11.396 |
|
|
Cash & Bank Balances |
|
|
2.728 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
2.012 |
|
Total
Current Assets |
|
|
31.719 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
4.970 |
|
|
Other Current Liabilities |
|
|
1.342 |
|
|
Provisions |
|
|
0.349 |
|
Total
Current Liabilities |
|
|
6.661 |
|
|
Net Current Assets |
|
|
25.058 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
42.979 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
159.056 |
102.414 |
83.863 |
|
|
|
Other Income |
NA |
NA |
0.756 |
|
|
|
TOTAL |
NA |
NA |
84.619 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
84.659 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.359 |
0.696 |
(0.040) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.646 |
1.677 |
1.621 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
0.713 |
(0.981) |
(1.661) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.029 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
0.713 |
(0.981) |
(1.690) |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
0.29 |
(0.40) |
(0.69) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA |
NA
|
(2.00) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.45
|
(0.96)
|
(1.98) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.19
|
(1.68)
|
(3.38) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.09)
|
0.11
|
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
(6.15)
|
(5.86)
|
(6.39) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.65
|
0.61
|
4.76 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
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 |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
|
31)
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32)
PAN of Proprietor/Partner/Director, if available |
No |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
No |
|
Unsecured Loans |
31.03.2012 (Rs. in Millions) |
31.03.2011 (Rs. in Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
From Directors |
4.259 |
3.832 |
|
From Members |
35.083 |
32.689 |
|
From Corporate |
2.555 |
2.306 |
|
From Firms |
3.480 |
3.141 |
|
Total |
45.377 |
41.968 |
INDEX OF CHARGES:
|
S.No. |
Charge
ID |
Date
of Charge Creation/Modification |
Charge
amount secured |
Charge
Holder |
Address |
Service
Request Number (SRN) |
|
1 |
10113711 |
08/07/2008 |
3,500,000.00 |
THE
KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED |
ASHRAM
ROAD,, USMANPURA BRANCH,, AHMEDABAD, GUJARAT - 380006, INDIA |
A42315887 |
|
2 |
10014321 |
17/08/2006 |
1,500,000.00 |
THE KALUPUR
COMMERCIAL CO-OPERATIVE BANK LIMITED |
USMANPURA
BRANCH,, AHMEDABAD, GUJARAT - 380006, INDIA |
A03472412 |
|
3 |
10014322 |
12/08/2006 |
1,500,000.00 |
THE
KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED |
USMANPURA
BRANCH,, AHMEDABAD, GUJARAT - 380006, INDIA |
A03472420 |
|
4 |
90100087 |
03/08/2005 |
1,000,000.00 |
THE
KALUPUR COMM CO-OPERATIVE BANK LIMITED |
USMANPURA
BRANCH, AHMEDABAD, GUJARAT, INDIA |
- |
|
5 |
90098392 |
08/07/2008
* |
21,000,000.00 |
THE KALUPUR
COMMERCIAL CO-OPERATIVE BANK LIMITED |
ASHRAM
ROAD,, USMANPURA BRANCH,, AHMEDABAD, GUJARAT - 380006, INDIA |
A42393439 |
* Date of charge modification
FIXED ASSETS:
·
Land
·
Factory Building
·
Office Building
·
Borewell
·
Plant and Machinery
·
Electric Installation
·
Tools
·
Laboratory Equipment
·
Furniture Equipment
·
Computer
·
Vehicles
·
Office Equipment
·
Mobile Instruments
·
Boiler
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.83.67 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
14 |
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.