MIRA
INFORM REPORT
|
Report Date : |
22.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
THERMOSONICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot # L 36, MIDC, Taloja, Panvel, Navi Mumbai-410208, |
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Country : |
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|
|
Financials (as
on) : |
31.03.2012 |
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|
|
Date of
Incorporation : |
12.03.1999 |
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|
|
Com. Reg. No.: |
11-118817 |
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|
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Capital
Investment / Paid-up Capital : |
Rs.0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH1999PTC118817 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT11580C |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCT4871E |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Complete or Partial Acoustic Enclosures, Acoustic Panels, Special Acoustic Doors, Retractable
Partitions etc. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 11000 |
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|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record.
Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
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 (GENERAL DETAILS)
|
Name : |
Mr. Bhatkar |
|
Designation : |
Account Department |
|
Contact No.: |
91-9167775767 |
|
Date : |
22.10.2013 |
LOCATIONS
|
Registered Office / Factory : |
Plot # L 36, MIDC, Taloja, Panvel, Navi Mumbai-410208, |
|
Tel. No.: |
91-22-27411205 / 27411206 / 26663904 |
|
Mobile No.: |
91-9167775767 (Mr. Bhatkar) |
|
Fax No.: |
91-22-27411205 / 27411206 |
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E-Mail : |
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|
Website : |
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|
Area : |
Owned |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Mahesh Sadashiv Hegde
|
|
Designation : |
Managing Director |
|
Address : |
Plot No. 7, Prabhav CHS Limited, Road No. 2,
TPS 3, Santacruz (East), Mumbai-400055, |
|
Date of Birth/Age : |
10.06.1958 |
|
Date of Appointment : |
12.03.1999 |
|
DIN No.: |
00623969 |
|
|
|
|
Name : |
Ms. Bhadrasheela Mahesh Hegde |
|
Designation : |
Director |
|
Address : |
Plot No. 7, Prabhav CHS Limited, Road No. 2,
TPS 3, Santacruz (East), Mumbai-400055, |
|
Date of Birth/Age : |
28.03.1962 |
|
Date of Appointment : |
12.03.1999 |
|
DIN No.: |
00624020 |
|
|
|
|
Name : |
Mr. Subhash Laxman
Tekale |
|
Designation : |
Director |
|
Address : |
15, Mazgaon Dock Officers Flats, Amrut Nagar, Ghatkopar (West), Mumbai-400086, |
|
Date of Birth/Age : |
22.10.1948 |
|
Date of Appointment : |
04.02.2005 |
|
DIN No.: |
00624004 |
KEY EXECUTIVES
|
Name : |
Mr. Bhatkar |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Mahesh Sadashiv Hegde |
|
26010 |
|
Bhadrasheela Mahesh Hegde |
|
4010 |
|
Subhash Laxman Tekale |
|
19980 |
|
Total |
|
50000 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Complete or Partial Acoustic Enclosures, Acoustic Panels, Special Acoustic Doors, Retractable
Partitions etc. |
|
|
|
|
Exports : |
|
|
Products : |
Acoustic Enclosures |
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Countries : |
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GENERAL INFORMATION
|
Suppliers : |
· Ambika Electric and Hardware Stores · Jayshree Filtration · National Thermals and Accoustics · Eustace Engineering Works · Aerovent Project Private Limited · Ashoka Enterprises ·
D.sheth and Company |
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|
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Customers : |
· Alok Industries Limited · Schindler India Private Limited · Virgo Engineers Limited · Crystal Industrial Syndicate · Esel Outdoor Location · Lucas TVS Limited · Reliance Industries Limited · Vishnu Chemicals Limited · Bhabha Atomic Research Centre · BOC India Limited · Bosch Limited · Dr. L.H. Hiranandani Hospital · J.P. Morgan Services India Private Limited ·
International Advance Research Centre |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
The Bharat Co-Operative Bank (Mumbai)
Limited, Kalina-Santacruz (E) Branch, Geesee Co-Operative Housing Society, |
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Facilities : |
(Rs. In Millions)
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Banking
Relations : |
--- |
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Auditors : |
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|
Name : |
Ganesh Associates Chartered Accountants |
|
Address : |
503, Opulence, |
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Tel. No.: |
91-22-26120431/32979233 |
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Fax No.: |
91-22-26103238 |
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PAN No.: |
AALPS8049L |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500
Million |
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|
|
|
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 |
|
0.500 |
0.500 |
|
(b) Reserves & Surplus |
|
2.259 |
1.564 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
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|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
|
2.759 |
2.064 |
|
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.215 |
0.014 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
2.872 |
2.072 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
3.087 |
2.086 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
2.029 |
2.536 |
|
(c) Other current
liabilities |
|
7.239 |
6.553 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
Total Current Liabilities (4) |
|
9.268 |
9.089 |
|
|
|
|
|
|
TOTAL |
|
15.114 |
13.239 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
8.233 |
7.306 |
|
(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 |
|
0.100 |
0.100 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
8.333 |
7.406 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
2.482 |
1.853 |
|
(c) Trade receivables |
|
2.541 |
2.375 |
|
(d) Cash and cash
equivalents |
|
0.216 |
0.201 |
|
(e) Short-term loans and
advances |
|
1.542 |
1.404 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
6.781 |
5.833 |
|
|
|
|
|
|
TOTAL |
|
15.114 |
13.239 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1.040 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1.540 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
2.607 |
|
|
2] Unsecured Loans |
|
|
1.822 |
|
|
TOTAL BORROWING |
|
|
4.429 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5.969 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
6.491 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.100 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1.446
|
|
|
Sundry Debtors |
|
|
0.984
|
|
|
Cash & Bank Balances |
|
|
0.066
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
0.789
|
|
Total
Current Assets |
|
|
3.285
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
2.812
|
|
|
Other Current Liabilities |
|
|
0.215
|
|
|
Provisions |
|
|
0.880
|
|
Total
Current Liabilities |
|
|
3.907
|
|
|
Net Current Assets |
|
|
(0.622)
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5.969 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
13.236 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
30.573 |
18.726 |
13.236 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
28.554 |
17.261 |
12.312 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
28.554 |
17.261 |
12.312 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.019 |
1.465 |
0.924 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.986 |
0.703 |
0.709 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1.033 |
0.762 |
0.215 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.338 |
0.239 |
0.089 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.695 |
0.523 |
0.126 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.563 |
1.040 |
0.914 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
2.258 |
1.563 |
1.040 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
13.90 |
31.26 |
2.52 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.27
|
2.79 |
0.95
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.88
|
5.80 |
2.20
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.37
|
0.37 |
0.14
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.08
|
0.01 |
2.88
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.73
|
0.64 |
0.84
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
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 |
Note:
The registered office of the company has been shifted from Shop No. 2, Rohit Apartment, 82 Kalina
Village Road, Kalina, Mumbai-400029, Maharashtra, India to present address.
OPERATIONS:
During the year under report, sales and other income increased by 72.61 % approximately over that of the previous year. Net profit before tax was Rs. 0.695 Million as against the net profit of Rs.0.523 Million for previous year. The company is hopeful of achieving higher revenues and maintain tempo of growth in the coming years.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10058504 |
19/06/2007 |
900,000.00 |
THE BHARAT CO-OPERATIVE BANK (MUMBAI) LIMITED |
KALINA-SANTACRUZ (E) BRANCH, GEESEE CO-OPERATIVE HOUSING SOCIETY, OPPOSITE VIDYANAGARI UNIVERSITY COMPLEX, SANTACRUZ EAST, MUMBAI-400098, MAHARASHTRA, INDIA |
A18404202 |
|
2 |
10016484 |
10/08/2006 |
300,000.00 |
THE BHARAT CO-OPERATIVE BANK (MUMBAI) LIMITED |
KALINA-SANTACRUZ (E) BRANCH, GEESEE CO-OPERATIVE HOUSING SOCIETY, OPPOSITE VIDYANAGARI UNIVERSITY COMPLEX, SANTACRUZ EAST, MUMBAI-400098, MAHARASHTRA, INDIA |
A03478104 |
|
3 |
80009662 |
10/08/2006 * |
500,000.00 |
THE BHARAT CO-OPERATIVE BANK (MUMBAI) LIMITED |
KALINA-SANTACRUZ (E) BRANCH, GEESEE CO-OPERATIVE HOUSING SOCIETY, OPPOSITE VIDYANAGARI UNIVERSITY COMPLEX, SANTACRUZ EAST, MUMBAI-400098, MAHARASHTRA, INDIA |
- |
|
4 |
80009664 |
27/07/2013 * |
12,929,885.00 |
THE BHARAT CO-OPERATIVE BANK (MUMBAI) LIMITED |
KALINA-SANTACRUZ (E) BRANCH, GEESEE CO-OPERATIVE HOUSING SOCIETY, OPPOSITE VIDYANAGARI UNIVERSITY COMPLEX, SANTACRUZ EAST, MUMBAI-400098, MAHARASHTRA, INDIA |
B81725004 |
|
5 |
90144519 |
05/06/2003 |
500,000.00 |
THE BHARAT CO-OPERATIVE BANK (MUMBAI) LIMITED |
KALINA BRANCH , GEESEE CO-OP HSG SOC LIMITED, OPP.VI |
- |
* Date of charge modification
FIXED ASSETS
- Land
- Furniture and
Fittings
- Plant and
Machinery
- Computer
- Motor Car
- Air
Conditioner
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.61.49 |
|
|
1 |
Rs.99.41 |
|
Euro |
1 |
Rs.84.12 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
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 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.