|
Report Date : |
15.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
SYSTEMATIC INDUSTRIES PRIVATE LIMITED (w.e.f. 26.04.2012) |
|
|
|
|
Formerly Known
As : |
SYSTEMATIC INTEL INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
111, 1st Floor, Runwal Heights,
L.B.S. Marg, Mulund
(West), Mumbai – 400080, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
24.03.2000 |
|
|
|
|
Com. Reg. No.: |
11-125313 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 6.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25200MH2000PTC125313 |
|
|
|
|
TIN No.: |
26000003056V |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS46157G |
|
|
|
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PAN No.: [Permanent Account No.] |
AAHCS2314K |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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|
Line of Business
: |
Manufacturer and Exporter of Wires. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 530000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. There appears dip in profit of the company in 2012. However, overall
financial of the company appears to be decent. Trade relation reported to be fair. Business is active. Payment terms
are reported to be usually correct. The company can be considered for business dealing at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
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. Veerendra |
|
Designation : |
Marketing Manager |
|
Contact No.: |
91-22-61563904 |
|
Date : |
14.10.2013 |
LOCATIONS
|
Registered Office : |
111, 1st Floor, Runwal Heights,
L.B.S. Marg, Mulund
(West), Mumbai – 400080, Maharashtra, India |
|
Tel. No. : |
91-22-61563905 / 61563922 |
|
Fax No. : |
91-22-25684711 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 1: |
Survey No.269, Village Sayali, Silvasa, Dadra and Nagar Haveli, India |
|
|
|
|
Factory 2: |
Plot no. 1229,1230, GIDC, Sarigam,
Gujarat, India |
|
|
|
|
Factory 3: |
Survey No. 172/P, Kanadi Phatak, Naroli Village, Dadra and Nagar Haveli, India |
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|
|
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Factory 4: |
Survey No. 174/1/2, Umerqui, Silvassa, Dadra and Nagar Haveli, India. |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Sidharath Rajendra Agarwal |
|
Designation : |
Director |
|
Address : |
A/3, Surabhi, Model Town, B.R. Road, Mulund, Mumbai – 400080, Maharashtra,
India |
|
Date of Birth/Age : |
10.01.1978 |
|
Date of Appointment : |
24.03.2000 |
|
DIN No. : |
00515410 |
|
|
|
|
Name : |
Ms. Udita Subhash Subhash |
|
Designation : |
Director |
|
Address : |
1201, Marathon Galaxy, L.B.S. Marg, Mulund (West), Mumbai – 400080, Maharashtra,
India |
|
Date of Birth/Age : |
11.03.1981 |
|
Date of Appointment : |
24.03.2000 |
|
DIN No. : |
00515623 |
KEY EXECUTIVES
|
Name : |
Mr. Veerendra |
|
Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Gunjan Subhash Mittal |
|
4685 |
|
Shruti Rajendra Agarwal |
|
59710 |
|
Sidharath Rajendra Agarwal |
|
406361 |
|
Udita Subhash Mittal |
|
23785 |
|
Dhruv Mittal |
|
155459 |
|
Total |
|
650000 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Wires. |
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Products : |
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Exports : |
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Products : |
Wires |
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Countries : |
· Kenya Srilanka Thailand |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
Cash and Credit (30 Days) |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users |
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No. of Employees : |
500 (Approximately) |
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Bankers : |
Indian Overseas Bank, Nariman Point Branch, "Bhaktawar", Nariman Point, Mumbai - 400021, Maharashtra, India |
||||||||||||||||||||||||
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|
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Facilities : |
|
|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Ashok V Ladhani and Company Chartered Accountants |
|
Address : |
78/2, Nahar and Seth Ind Estate L B S Marg, Bhandup (West), Mumbai - 400078, Maharshtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAPL4606P |
|
|
|
|
Others Related
Parties: |
· Siddhant Ispat Private Limited CIN No.: U27200MH2005PTC153631 Veritas Industries
Private Limited CIN No.: U45200MH2006PTC160455 |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
650000 |
Equity Shares |
Rs.10/- each |
Rs. 6.500 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 |
|
6.500 |
7.460 |
|
(b) Reserves & Surplus |
|
123.485 |
102.413 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
3.895 |
3.895 |
|
Total
Shareholders’ Funds (1) + (2) |
|
133.880 |
113.768 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
69.036 |
60.747 |
|
(b) Deferred tax liabilities (Net) |
|
2.178 |
3.587 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
71.214 |
64.334 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
66.495 |
95.964 |
|
(b) Trade payables |
|
126.927 |
94.791 |
|
(c) Other current
liabilities |
|
23.297 |
22.477 |
|
(d) Short-term provisions |
|
0.304 |
0.000 |
|
Total Current Liabilities (4) |
|
217.023 |
213.232 |
|
|
|
|
|
|
TOTAL |
|
422.117 |
391.334 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
87.054 |
75.745 |
|
(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 |
|
23.683 |
23.616 |
|
(e) Other Non-current assets |
|
0.025 |
0.051 |
|
Total Non-Current Assets |
|
110.762 |
99.412 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
35.798 |
47.008 |
|
(c) Trade receivables |
|
236.926 |
216.494 |
|
(d) Cash and cash
equivalents |
|
8.970 |
7.899 |
|
(e) Short-term loans and
advances |
|
29.661 |
20.521 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
311.355 |
291.922 |
|
|
|
|
|
|
TOTAL |
|
422.117 |
391.334 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
5.500 |
|
|
2] Share Application Money |
|
|
3.913 |
|
|
3] Reserves & Surplus |
|
|
70.688 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
80.101 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
59.073 |
|
|
2] Unsecured Loans |
|
|
37.704 |
|
|
TOTAL BORROWING |
|
|
96.777 |
|
|
DEFERRED TAX LIABILITIES |
|
|
2.251 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
179.129 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
56.645 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.213 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
34.766 |
|
|
Sundry Debtors |
|
|
181.037 |
|
|
Cash & Bank Balances |
|
|
2.970 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
55.150 |
|
Total
Current Assets |
|
|
273.923 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
138.235 |
|
|
Other Current Liabilities |
|
|
10.216 |
|
|
Provisions |
|
|
3.277 |
|
Total
Current Liabilities |
|
|
151.728 |
|
|
Net Current Assets |
|
|
122.195 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.076 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
179.129 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1320.279 |
954.471 |
705.752 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
59.738 |
50.335 |
NA |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
25.572 |
9.134 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
34.166 |
41.201 |
39.748 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
10.414 |
7.696 |
6.335 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
23.752 |
33.505 |
33.413 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.641 |
8.019 |
9.275 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
20.111 |
25.486 |
24.138 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
30.94 |
34.16 |
43.89 |
|
|
Particulars |
|
|
31.03.2013 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
|
1500.000 |
|
|
|
|
|
Expected Sales (2013-2014) : Rs. 1600.000
Millions
The above information has been parted by Mr. Veerendra
(Marketing Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PBT/Sales) |
(%) |
1.80
|
3.51 |
4.73 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.63
|
8.56 |
10.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.29 |
0.42 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.01
|
1.38 |
1.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.43
|
1.37 |
1.81 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT
MATURITIES OF LONG TERM DEBTS
|
Particulars |
31.03.2012 (Rs. In Millions) |
31.03.2011 (Rs. In Millions) |
31.03.2010 (Rs. In Millions) |
|
|
|
|
|
|
Current maturities of long-term debt |
12.118 |
9.333 |
NA |
|
|
|
|
|
|
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) |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10191946 |
29/10/2009 |
8,000,000.00 |
INDIAN OVERSEAS BANK |
NARIMAN POINT
BRANCH, 'BAKHTAWAR', NARIMAN POINT, |
A74472226 |
|
2 |
10162296 |
03/06/2009 |
1,640,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI, MAHARASHTRA - 400013, INDIA |
A64006729 |
|
3 |
90149596 |
21/12/2004 |
29,500,000.00 |
INDIAN OVERSEAS BANK |
BAKHTAWAR, NARIMAN POINT BRANCH, MUMBAI - 400021, MAHARASHTRA, INDIA |
- |
|
4 |
80047435 |
16/06/2009 * |
70,625,000.00 |
INDIAN OVERSEAS BANK |
NARIMAN POINT
BRANCH, 'BAKHTAWAR', NARIMAN POINT, |
A65771164 |
|
5 |
90145538 |
28/06/2013 * |
309,300,000.00 |
INDIAN OVERSEAS BANK |
NARIMAN POINT BRANCH,
'BAKHTAWAR', NARIMAN POINT, |
B81621047 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2012 (Rs. in Millions) |
31.03.2011 (Rs. in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from directors |
40.150 |
40.955 |
|
Total |
40.150 |
40.955 |
NOTE
The registered office of the company has been shifted from 5, Hetal Apartmens, Netaji Subhash Road, Mulund (West), Mumbai – 400080, Maharashtra, India to the present address w.e.f. 27.10.2007.
FIXED ASSETS
· Land
Buildings
Factory
Building
Plant
and Equipment
Factory
Equipments
Other
plant and Equipment
Furniture
and Fixtures
Vehicles
Office
Equipment
Computer
Equipments
Other
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.61.30 |
|
|
1 |
Rs.97.99 |
|
Euro |
1 |
Rs.83.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
MRI |
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 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.