|
Report Date : |
15.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
SWETA ESTATES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
21/48, Malcha Marg,
Diplomatic Encalve, New Delhi – 110021 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
05.07.1991 |
|
|
|
|
Com. Reg. No.: |
55-044871 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.7.318 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1991PTC044871 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS0564Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Real Estate Business |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (58) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 24600000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having fair track record. The company has seen a significant increase in its sales turnover as
well as net profitability during 2012. Profit margin appears to be good.
Financial and liquidity position seems to be strong and healthy. The ratings also take into consideration the robust growth in the
company’s performance despite of slow down in the real estate industry. Trade relations are fair. Business is active. Payment terms are
reported as regular and as per commitments. The company can be considered good 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.
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. Rajeshwar Khurana
|
|
Designation : |
AGM In Finance |
|
Contact No.: |
91-124-4107050 |
|
Date : |
14.10.2013 |
LOCATIONS
|
Registered Office : |
21/48, Malcha Marg,
Diplomatic Encalve, New Delhi – 110021, India |
|
Tel. No.: |
91-11-46044604 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
Tower D, 3rd Floor, Global Business Park, M. G. Road, Gurgaon, Haryana, India |
|
Tel. No.: |
91-124-4107050 |
|
|
|
|
Site Office : |
Central Park II, Sector 48, Opposite Malibu Town, Sohna Road, Gurgaon, - 122002, Haryana, India |
|
Tel. No.: |
91-124 -2219726/ 2219727 |
|
Fax No.: |
91-124 -2219728 |
DIRECTORS
As on: 06.09.2012
|
Name : |
Mr. Amarjit Singh Bakshi |
|
Designation : |
Managing Director |
|
Address : |
9, Green Avenue, Vasant Kunj,
New Delhi – 110070, India |
|
Date of Birth/Age : |
29.05.1944 |
|
Date of Appointment : |
24.01.1995 |
|
PAN No.: |
AAIPB5645C |
|
DIN No.: |
00034902 |
|
|
|
|
Name : |
Mr. Kanwaljit Singh Bakshi |
|
Designation : |
Managing Director |
|
Address : |
4, Kautilya Marg,
New Delhi – 110021, India |
|
Date of Birth/Age : |
26.10.1946 |
|
Date of Appointment : |
25.11.1992 |
|
PAN No.: |
AACPB8285E |
|
DIN No.: |
00015595 |
|
|
|
|
Name : |
Mr. Sanjit Bakshi |
|
Designation : |
Director |
|
Address : |
4, Kautilya Marg,
New Delhi – 110021, India |
|
Date of Birth/Age : |
26.04.1976 |
|
Date of Appointment : |
24.01.2008 |
|
PAN No.: |
AAFPB2971E |
|
DIN No.: |
00020852 |
|
|
|
|
Name : |
Sanam Bakshi |
|
Designation : |
Director |
|
Address : |
9, Green Avenue, Vasant Kunj,
New Delhi – 110070, India |
|
Date of Birth/Age : |
03.04.1986 |
|
Date of Appointment : |
24.11.2010 |
|
PAN No.: |
ALYPB0522F |
|
DIN No.: |
02642874 |
|
|
|
|
Name : |
Mr. Shiv Bakshi |
|
Designation : |
Additional Director |
|
Address : |
9, Green Avenue, Vasant Kunj,
New Delhi – 110070, India |
|
Date of Birth/Age : |
02.10.1990 |
|
Date of Appointment : |
21.12.2012 |
|
PAN No.: |
ASFPB4419H |
|
DIN No.: |
05163014 |
|
|
|
|
Name : |
Noor Bakshi |
|
Designation : |
Additional Director |
|
Address : |
4, Kautilya Marg,
New Delhi – 110021, India |
|
Date of Birth/Age : |
29.01.1987 |
|
Date of Appointment : |
02.09.2013 |
|
PAN No.: |
AJCPB0688C |
|
DIN No.: |
06673801 |
KEY EXECUTIVES
|
Name : |
Mr. Rajeshwar Khurana
|
|
Designation : |
AGM In Finance |
|
|
|
|
Name : |
Ratan Kumar Gupta |
|
Designation : |
Secretary |
|
Address : |
2990, St no. 11, Ranjit Nagar,
Opposite West Patel Nagar, New Delhi – 110008,
India |
|
Date of Birth/Age : |
01.08.1976 |
|
Date of Appointment : |
01.08.2008 |
|
PAN No.: |
AJTPG4683P |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 06.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Bombay Builders (India) Private Limited, India |
|
1 |
|
K.S. Bakshi |
|
332841 |
|
A.S. Bakshi |
|
229296 |
|
Amrita Bakshi |
|
68406 |
|
K.S. Bakshi and Sons - HUF |
|
34708 |
|
BPCD Holdings Limited (formerly known as Proetussa Limited), Cyprus |
|
66598 |
|
|
|
|
|
Total |
|
731850 |
Equity Share Break up (Percentage of Total Equity)
As on: 06.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
9.10 |
|
Directors or relatives of directors |
|
90.90 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Real Estate Business |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash and Credit |
||||
|
|
|
||||
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
No. of Employees : |
200 (Approximately) |
|
|
|
|
Bankers : |
·
ICICI Bank Limited Land Mark Race Cource Circle, Alkapuri, Baroda
- 390015, Gujarat, India · ABN Amro Bank N.V, Hansalaya Building, 15, Barkhamba Road, New Delhi - 110001, India · Axis Bank Limited, Gurgaon Branch, Haryana, India |
|
|
|
|
Facilities : |
TL Rs.3000.000 Millions (From Axis
Bank Limited) |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
7th Floor, Building 10, Tower B, DLF Cyber City Complex, DLF City Phase-Ii, Gurgaon - 122002, Haryana, India |
|
PAN No.: |
AABFD2095B |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
· Holly Hock (India) Private Limited CIN No.: U74900DL1995PTC072732 · Continental Engines Limited CIN No.: U34300DL1996PLC081210 · Oriental Structural Engineers Private Limited CIN No.: U74210DL1971PTC005680 · Sweet-Peas Farms Private Limited CIN No.: U74899DL1993PTC053538 · Adilsha Estates Holdings Private Limited CIN No.: U70200GA2008PTC005609 · Central Park Real Estate Developers Private Limited CIN No.: U45400DL2008PTC177565 · Intelligent Cities Private Limited CIN No.: U45400HR2008PTC038207 · Intelligent Homes Private Limited CIN No.: U45400HR2008PTC038208 · Saint Michael Estates Private Limited CIN No.: U70200GA2008PTC005614 · St. Micheal Real Estate Development Private Limited CIN No.: U70101HR2008PTC037963 · St. Patricks realty private limited CIN No.: U45200HR2008PTC037964 · Gulab Farms Private Limited CIN No.: U74899DL1993PTC053539 · Santushti Homes Private Limited CIN No.: U70109DL2008PTC177539 · St. Ambrose buildcon private limited CIN No.: U70200DL2011PTC219103 · Bakshi Construction Engineers Private Limited CIN No.: U74899DL1980PTC010308 · Pigeon Farms Private Limited CIN No.: U74899DL1992PTC049807 · Dear Farms Private Limited CIN No.: U74899DL1992PTC049805 · Indralok Orchards and Estates Private Limited CIN No.: U74899DL1994PTC062811 · Task Infotech Private Limited CIN No.: U93030DL2008PTC173881 · Canyam Constructions Private Limited CIN No.: U74899DL1994PTC062885 · Safdarjang Estates Private Limited CIN No.: U74899DL1982PTC013803 |
|
|
|
|
Subsidiary Company
: |
· Oriental South Delhi Hotels Private Limited CIN No.: U74899DL1995PTC064057 · Centralpark Estates Private Limited CIN No.: U52010DL2003PTC119506 · Central Park Infrastructure Development Private Limited CIN No.: U45400DL2008PTC177507 · OSE Infrastructure Limited CIN No.: U74899DL2001PLC110733 · Contypark Finance Corporation Limited CIN No.: U65999HR2008PLC037882 |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
731850 |
Equity Shares |
Rs.10/- each |
Rs.7.318 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
7.318 |
7.318 |
|
(b) Reserves & Surplus |
|
6143.337 |
5561.162 |
|
(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) |
|
6150.655 |
5568.480 |
|
|
|
|
|
|
(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 |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
5.775 |
2.693 |
|
Total Non-current
Liabilities (3) |
|
5.775 |
2.693 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.335 |
0.335 |
|
(b) Trade payables |
|
137.724 |
139.470 |
|
(c) Other current liabilities |
|
3515.136 |
3002.964 |
|
(d) Short-term provisions |
|
116.786 |
1.166 |
|
Total Current
Liabilities (4) |
|
3769.981 |
3143.935 |
|
|
|
|
|
|
TOTAL |
|
9926.411 |
8715.108 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
44.075 |
26.883 |
|
(ii) Intangible Assets |
|
2.438 |
4.063 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
22.400 |
22.400 |
|
(c) Deferred tax assets (net) |
|
5.422 |
4.380 |
|
(d) Long-term Loan and Advances |
|
13.640 |
2.633 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
87.975 |
60.359 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
1247.011 |
1051.504 |
|
(c) Trade receivables |
|
239.766 |
276.895 |
|
(d) Cash and cash equivalents |
|
2785.511 |
3748.190 |
|
(e) Short-term loans and advances |
|
5161.949 |
3304.461 |
|
(f) Other current assets |
|
404.199 |
273.699 |
|
Total Current
Assets |
|
9838.436 |
8654.749 |
|
|
|
|
|
|
TOTAL |
|
9926.411 |
8715.108 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
7.318 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
5348.640 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
5355.958 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5355.958 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
10.895 |
|
|
Capital work-in-progress |
|
|
6.062 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
2.400 |
|
|
DEFERREX TAX ASSETS |
|
|
37.971 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1476.071
|
|
|
Sundry Debtors |
|
|
92.127
|
|
|
Cash & Bank Balances |
|
|
3142.734
|
|
|
Other Current Assets |
|
|
10.266
|
|
|
Loans & Advances |
|
|
2387.202
|
|
Total
Current Assets |
|
|
7108.400
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
59.418
|
|
|
Other Current Liabilities |
|
|
1748.432
|
|
|
Provisions |
|
|
1.920
|
|
Total
Current Liabilities |
|
|
1809.770
|
|
|
Net Current Assets |
|
|
529.630
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5355.958 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Gross Turnover/Income |
3121.700 |
2499.600 |
1081.400 |
|
|
|
|
|
|
|
|
|
TOTAL EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
872.200 |
319.900 |
259.900 |
|
|
|
|
|
|
|
|
|
|
TAX |
290.000 |
107.400 |
88.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
582.200 |
212.500 |
171.300 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
18.894 |
7.233 |
7.923 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
795.00 |
290.00 |
233.98 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
3400.000 |
|
|
|
|
|
Expected Sales (2013-2014): Rs.4800.000 Millions
The above information has been parted by Mr. Rajeshwar
Khurana
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.81 |
3.68 |
3.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.06 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth)
|
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.61 |
2.75 |
3.93 |
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 |
No |
|
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 four 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) |
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 |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
(Rs. In Millions)
|
Particular |
As on 31.03.2012 |
As on 31.03.2011 |
|
SHORT-TERM
BORROWINGS |
|
|
|
Intercorporate borrowings |
0.335 |
0.335 |
|
|
|
|
|
Total |
0.335 |
0.335 |
OPERATIONS
1. Possession of Bellevue apartments in phase-I of Central Park-II project, Gurgaon of the Company has been handed over and about 250 families have already shifted to the phase-I complex.
2. Development work of phase-2 and Belfort (studio apartment) in Central Park-II project is progressing well and the possession is expected to be delivered by the end of current financial year.
3. The company along with other group companies viz., M/s. Gulab Farms Private Limited, M/s. Sweet Peas Farms Private Limited and M/s. Central Park Estates Private Limited, filed a suit against M/s. Vatika Limited and M/s. Nakshatra Buildcon Private Limited for infringement and passing off of company’s registered trademarks Central Park and Bellevue. In this regard, the Hon’ble Delhi High Court has granted stay order gainst M/s. Vatika Limited and M/s. Nakshatra Buildcon Private Limited and restrained them from using the said trademarks.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10451411 |
11/09/2013 * |
3,000,000,000.00 |
Axis Bank Limited |
MINI CREDIT MANAGEMENT CENTER, SHOP NO. 1-6 AND 8-10 , GROUND FLOOR, NINEX TIME CENTER, SECTOR 54, GURGAON, HARYANA - 122002, INDIA |
B86623865 |
|
2 |
10445133 |
18/07/2013 |
1,200,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B83100818 |
* Date of charge modification
FIXES ASSETS
Tangible Assets
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer Equipments
Intangible Assets
· Computer Software
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.61.30 |
|
|
1 |
Rs.97.99 |
|
Euro |
1 |
Rs.83.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
58 |
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.