MIRA
INFORM REPORT
|
Report Date : |
22.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
RAM KISHORE NAGARMAL MARKETING PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
APOORVA INTERNATIONAL PRIVATE LIMITED
|
|
|
|
|
Registered
Office : |
4032, Chawari Bazar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on)
: |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
11.03.1996 |
|
|
|
|
Com. Reg. No.: |
55-077053 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 22.082 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1996PTC077053 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Importer and Supplier of Polyester Film And BOPP Film |
|
|
|
|
No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 200000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. There are huge external borrowings recorded by the company during
2012. Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
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
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in
place to protect the lives of people on which the drugs are tested.
Mumbai has been
named the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in
Analysts believe the
shutdown of the
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 : |
Ms. Minaxi |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-11-23849356 |
|
Date : |
16.10.2013 |
LOCATIONS
|
Registered Office : |
4032, Chawari Bazar, |
|
Tel. No.: |
91-11-23849356 / 23841298 |
|
Fax No.: |
91-11-23844437 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Administrative Office : |
D-158, Kamla Nagar, Delhi-110007, |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Anil Kumar Bansal |
|
Designation : |
Director |
|
Address : |
3, Park Avenue, Maharani Bagh, Delhi-110065, |
|
Date of Birth/Age : |
06.11.1961 |
|
Date of Appointment : |
18.04.2001 |
|
DIN No.: |
00418583 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74899DL1996PTC077053
|
RAM KISHORE
NAGARMAL MARKETING PRIVATE LIMITED |
Director |
18/04/2001 |
18/04/2001 |
Active |
NO |
|
2 |
U24119DL1990PTC040131
|
RAM KISHORE
ORGANICS PRIVATE LIMITED |
Director |
02/05/2005 |
02/05/2005 |
Active |
NO |
|
3 |
U74899DL1991PTC044013
|
R.K.S.GLOBAL
AGENCIES PRIVATE LIMITED. |
Director |
02/12/2006 |
02/12/2006 |
Active |
NO |
|
4 |
U51909DL2008PTC172744
|
R.K.S. POLYFILMS
PRIVATE LIMITED |
Director |
16/01/2008 |
16/01/2008 |
Active |
NO |
|
Name : |
Ms. Renu Bansal |
|
Designation : |
Director |
|
Address : |
3, Park Avenue, Maharani Bagh, Delhi-110065, |
|
Date of Birth/Age : |
29.11.1961 |
|
Date of Appointment : |
18.04.2001 |
|
DIN No.: |
00418618 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74899DL1996PTC077053
|
RAM KISHORE
NAGARMAL MARKETING PRIVATE LIMITED |
Director |
18/04/2001 |
18/04/2001 |
Active |
NO |
|
2 |
U24119DL1990PTC040131
|
RAM KISHORE
ORGANICS PRIVATE LIMITED |
Director |
02/05/2005 |
02/05/2005 |
Active |
NO |
|
3 |
U74899DL1991PTC044013
|
R.K.S.GLOBAL
AGENCIES PRIVATE LIMITED. |
Director |
02/12/2006 |
02/12/2006 |
Active |
NO |
|
4 |
U51909DL2008PTC172744
|
R.K.S. POLYFILMS
PRIVATE LIMITED |
Director |
16/01/2008 |
16/01/2008 |
Active |
NO |
|
Name : |
Mr. Shivansh Bansal |
|
Designation : |
Director |
|
Address : |
3, Park Avenue, Maharani Bagh, Delhi-110065, |
|
Date of Birth/Age : |
17.06.1993 |
|
Date of Appointment : |
17.03.2012 |
|
DIN No.: |
05229525 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74899DL1996PTC077053
|
RAM KISHORE
NAGARMAL MARKETING PRIVATE LIMITED |
Director |
17/03/2012 |
17/03/2012 |
Active |
NO |
|
2 |
U24119DL1990PTC040131
|
RAM KISHORE
ORGANICS PRIVATE LIMITED |
Director |
17/03/2012 |
17/03/2012 |
Active |
NO |
|
3 |
U74899DL1991PTC044013
|
R.K.S.GLOBAL
AGENCIES PRIVATE LIMITED. |
Director |
17/03/2012 |
17/03/2012 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Ms. Minaxi |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Anil Kumar Bansal |
359477 |
|
Renu Bansal |
359477 |
|
Shivansh Bansal |
430254 |
|
Anil Kumar Bansal HUF |
430877 |
|
Aakshi Bansal |
100000 |
|
Nagar Mal Shakuntla Devi Trust |
179377 |
|
Ram Kishore Organies Private Limited |
150000 |
|
R.K.S. Global Agencies Private Limited |
198738 |
|
TOTAL
|
2208200 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
15.79 |
|
Directors or relatives of Directors |
76.09 |
|
Other top fifty shareholders |
8.12 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importer and Supplier of Polyester Film And BOPP Film |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
·
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Srf Limited ·
A1-Cast Rolling Private Limited ·
Bilt Graphic Paper Products Limited ·
Chemline India Limited ·
East West Products Limited ·
Poddar Global Limited ·
Reliant Packaging Films Limited ·
Vacmet ·
Jasch Plastics |
|||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||
|
Customers : |
·
Accument Poly Pack Private Limited ·
Aditya Flexipack ·
Combipack 4 You Private Limited ·
Gpi Coating Private Limited ·
Enn Kay Seals ·
Dyna Packagers ·
Classic Enterprises ·
Kay Sons ( ·
R S Print Pack Private Limited ·
Yaani International ·
Simplex Packaging Limited ·
Shyam Packseal Private Limited |
|||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
30 (Approximately) |
|||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
The Hongkong and Shanghai Banking Corporation
Limited, 25, Barakhamba Road, New Delhi-110001, India ·
Punjab National Bank, Mail Road, Delhi-110054, India
·
Federal Bank Limited, Chandini Chowk Branch,
Chandini Chowk, Delhi-110006, India |
|||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
Reliance Capital Limited, H Block, 1st Floor, Dhirubhai Ambani
Knowledge City, Koparkhairne, Navi Mumbai-400710, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
V D Aggarwal and Company Chartered Accountant |
|
Address : |
BM-1, Dilkhush Industrial Area cum Commercial Complex, G T Karnal Road,
A-387, Azadpur, New Delhi – 110 033, Delhi, India |
|
Tel. No.: |
91-11-42390990 / 42390909 |
|
Fax. No.: |
91-11-42390911 |
|
PAN No.: |
AACFV2352A |
|
|
|
|
Associates : |
·
Ram Kishore and Sons ·
R K S Global Agencies Private Limited ·
Ram Kishore Organics |
CAPITAL STRUCTURE
AS ON 31.03.2012
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 |
|
|
|
|
|
|
2208200 |
Equity Shares |
Rs.10/- each |
Rs. 22.082
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 |
|
22.082 |
22.082 |
|
(b) Reserves & Surplus |
|
29.570 |
23.855 |
|
(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) |
|
51.652 |
45.937 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
59.358 |
46.542 |
|
(b) Deferred tax liabilities (Net) |
|
0.002 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
59.360 |
46.542 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
107.638 |
91.548 |
|
(b) Trade payables |
|
66.049 |
56.473 |
|
(c) Other current
liabilities |
|
12.768 |
18.899 |
|
(d) Short-term provisions |
|
2.843 |
2.733 |
|
Total Current Liabilities (4) |
|
189.298 |
169.653 |
|
|
|
|
|
|
TOTAL |
|
300.310 |
262.132 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
9.203 |
10.556 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
1.035 |
0.035 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
2.686 |
0.740 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.084 |
|
(d) Long-term Loan and Advances |
|
0.534 |
0.489 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
13.458 |
11.904 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
82.368 |
89.506 |
|
(c) Trade receivables |
|
133.072 |
118.344 |
|
(d) Cash and cash
equivalents |
|
19.576 |
6.533 |
|
(e) Short-term loans and
advances |
|
35.547 |
18.461 |
|
(f) Other current assets |
|
16.289 |
17.384 |
|
Total Current Assets |
|
286.852 |
250.228 |
|
|
|
|
|
|
TOTAL |
|
300.310 |
262.132 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
22.582 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
18.641 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
41.223 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
28.415 |
|
|
2] Unsecured Loans |
|
|
57.038 |
|
|
TOTAL BORROWING |
|
|
85.453 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
126.676 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
7.946 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.740 |
|
|
DEFERREX TAX ASSETS |
|
|
0.303 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
17.897 |
|
|
Sundry Debtors |
|
|
103.213 |
|
|
Cash & Bank Balances |
|
|
0.609 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
35.775 |
|
Total
Current Assets |
|
|
157.494 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
34.755 |
|
|
Other Current Liabilities |
|
|
3.430 |
|
|
Provisions |
|
|
1.622 |
|
Total
Current Liabilities |
|
|
39.807 |
|
|
Net Current Assets |
|
|
117.687 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
126.676 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
952.778 |
957.351 |
661.915 |
|
|
|
Other Income |
16.646 |
8.170 |
11.394 |
|
|
|
TOTAL |
969.424 |
965.521 |
673.309 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
|
|
|
|
|
|
Purchase of Stock In Trade |
|
|
|
|
|
|
Employee benefits expenses |
|
|
|
|
|
|
TOTAL |
959.278 |
956.047 |
667.497 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
10.146 |
9.474 |
5.812 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
1.412 |
1.130 |
1.039 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
8.734 |
8.344 |
4.773 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.018 |
3.131 |
1.379 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
5.716 |
5.213 |
3.394 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
13.854 |
8.641 |
5.247 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
29.570 |
23.855 |
8.641 |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
NA |
364.337 |
189.178 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
2.59 |
2.36 |
-- |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
889.600 |
|
|
|
|
|
Expected Sales (2013-2014) : Rs. 1200.000 Millions
The above information has been parted by Ms. Minaxi.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.59
|
0.54 |
0.50 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.92
|
0.87 |
0.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.94
|
3.19 |
2.89 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.18 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.23
|
3.01 |
2.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.52
|
1.47 |
3.96 |
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
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 |
Yes |
|
18] |
Major customers |
Yes |
|
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 Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Long Term
Borrowings |
|
|
|
Other Loans and Advances |
58.473 |
45.191 |
|
|
|
|
|
TOTAL |
58.473 |
45.191 |
VIEW INDEX OF
CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
10454115 |
07/10/2013 |
210,000,000.00 |
DBS BANK LIMITED |
CAPITOL POINT, BABA KHARAK SINGH MARG,
CONNAUGHT |
B87125274 |
|
2 |
10348745 |
27/03/2012 |
155,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING
CORPORATION LIMITED |
25, BARAKHAMBA ROAD, NEW DELHI, DELHI -
110001, INDIA |
B37297561 |
|
3 |
10324075 |
28/11/2011 |
48,900,000.00 |
RELIANCE CAPITAL LIMITED |
"H" BLOCK 1ST FLOOR, DHIRUBHAI AMBANI
KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI, MAHARASHTRA - 400710, INDIA |
B28198372 |
PERFORMANCE REVIEW
During the year the company has achieved
turnover of Rs. 952.778 Millions and earned profit before tax Rs. 5.716 Millions.
The directors are quite hopeful of better result in coming year.
FIXED ASSETS
·
Building
·
Plant and Machinery
·
Furniture and Fittings
·
Vehicles
·
Electrical Installations
·
Office Equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Decaration :
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. 61.48 |
|
UK Pound |
1 |
Rs. 99.40 |
|
Euro |
1 |
Rs. 84.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
NAY |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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 |
|
30 |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.