|
Report Date : |
23.10.2013 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 9400 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
|
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
SARVESH SALT
AND CHEMICALS PRIVATE LIMITED
IDENTIFICATION DETAILS
|
Name : |
SARVESH SALT AND CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Dayaram Market, Shop No. 4, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
29.06.1987 |
|
|
|
|
Com. Reg. No.: |
04-009777 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.435
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110GJ1987PTC009777 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCS2008G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Distributor and Trader of Salt, Chemicals and Marine
Chemicals. |
|
|
|
|
No. of Employees
: |
Information denied by the management. |
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. Vishal |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-288-2558600 |
|
Date : |
22.10.2013 |
LOCATIONS
|
Registered Office : |
Dayaram Market, Shop No. 4, |
|
Tel. No.: |
91-288-2558600/ 5501 |
|
Mobile No.: |
91-9879899999 [Mr. Sarvesh Shubhkaran Sanghi] |
|
Fax No.: |
91-288-2554250 |
|
E-Mail : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Pavankumar Mathuradas Sanghi |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
Bank Society, |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.11.1968 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
01.10.1995 |
|||||||||||||||||||||||||||
|
DIN No.: |
05138668 |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Pratik Shubhkaran Sanghi |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
Hindustan West Cost Trading Company, Dayaram Market, |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.07.1987 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
15.12.2005 |
|||||||||||||||||||||||||||
|
DIN No.: |
00966379 |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Sarvesh Shubhkaran Sanghi |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
Hindustan West Cost Trading Company, Dayaram Market, |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.01.1983 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2003 |
|||||||||||||||||||||||||||
|
DIN No.: |
00966294 |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Shubhkaran Gulzarilal Sanghi |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
Hindustan West Cost Trading Company, Dayaram Market, |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.07.1956 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
09.09.1988 |
|||||||||||||||||||||||||||
|
DIN No.: |
00899466 |
|||||||||||||||||||||||||||
|
Other Directorship : |
||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Vishal |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
NOTE: SHAREHOLDING DETAILS FILE ATTACHED.
AS ON 29.09.2012
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
35.00 |
|
Directors or relatives of directors |
|
65.00 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Distributor and Trader of Salt, Chemicals and Marine
Chemicals. |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Actual
Production |
|
Marine Division |
|
|
|
Industrial Salt |
MT |
9367.00 |
GENERAL INFORMATION
|
Suppliers : |
|
|
|
|
|
Customers : |
|
|
|
|
|
No. of Employees : |
Information denied by the management. |
|
|
|
|
Bankers : |
Punjab National Bank, |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Maharishi and Company Chartered Accountants |
|
Address : |
“Aparna”, |
|
Tel. No.: |
91-288-2665023/ 2665024/ 2662637/ 2542491/ 2542492 |
|
Fax No.: |
91-288-2661612 |
|
E-Mail : |
|
|
Pan No.: |
AAPFM6568F |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
143520 |
Equity Shares |
Rs.10/- each |
Rs.1.435
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 |
|
1.435 |
1.435 |
|
(b) Reserves & Surplus |
|
0.928 |
(0.132) |
|
(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) |
|
2.363 |
1.303 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.684 |
0.874 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
0.684 |
0.874 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
0.061 |
0.197 |
|
(c)
Other current liabilities |
|
3.121 |
2.332 |
|
(d)
Short-term provisions |
|
0.000 |
0.045 |
|
Total
Current Liabilities (4) |
|
3.182 |
2.574 |
|
|
|
|
|
|
TOTAL |
|
6.229 |
4.751 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
1.238 |
1.291 |
|
(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 |
|
0.001 |
0.001 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
0.000 |
0.000 |
|
(e)
Other Non-current assets |
|
0.052 |
0.052 |
|
Total
Non-Current Assets |
|
1.291 |
1.344 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.139 |
0.196 |
|
(c)
Trade receivables |
|
3.560 |
1.450 |
|
(d)
Cash and cash equivalents |
|
0.088 |
0.043 |
|
(e)
Short-term loans and advances |
|
1.151 |
1.718 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
4.938 |
3.407 |
|
|
|
|
|
|
TOTAL |
|
6.229 |
4.751 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1.435 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
4.500 |
|
|
4] (Accumulated Losses) |
|
|
(4.079) |
|
|
NETWORTH |
|
|
1.856 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.874 |
|
|
TOTAL BORROWING |
|
|
0.874 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2.730 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1.445 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.001 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.060 |
|
|
Sundry Debtors |
|
|
0.014 |
|
|
Cash & Bank Balances |
|
|
0.071 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
1.319 |
|
Total
Current Assets |
|
|
1.464 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
0.041 |
|
|
Other Current Liabilities |
|
|
0.085 |
|
|
Provisions |
|
|
0.054 |
|
Total
Current Liabilities |
|
|
0.180 |
|
|
Net Current Assets |
|
|
1.284 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2.730 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
17.761 |
2.111 |
3.955 |
|
|
|
Direct Income |
0.000 |
0.051 |
0.000 |
|
|
|
Other Income |
0.000 |
0.001 |
0.142 |
|
|
|
TOTAL |
17.761 |
2.163 |
4.097 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
16.548 |
2.575 |
4.705 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.213 |
(0.412) |
(0.608) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.152 |
0.184 |
0.195 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1.061 |
(0.596) |
(0.803) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
(0.043) |
0.020 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1.061 |
(0.553) |
(0.823) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
(4.079) |
(3.256) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
(4.632) |
(4.079) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.39 |
(3.85) |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
5.97
|
(25.57) |
(20.09) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.97
|
(28.23) |
(19.60) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.04
|
(12.55) |
(27.60) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.45
|
(0.45) |
(0.43) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.29
|
0.67 |
0.47 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.55
|
1.32 |
8.13 |
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 |
No |
|
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) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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 |
90108620 |
14/02/1990 |
4,200,000.00 |
STATE BANK OF
INDIA |
NEW SUPER MARKET,
JAMNAGAR, GUJARAT, INDIA |
- |
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Long Term
Borrowings |
|
|
|
From Directors |
|
|
|
Sanghi Pawankumar |
0.015 |
0.015 |
|
|
|
|
|
From
Shareholders |
|
|
|
Sanghi Parag |
0.669 |
0.859 |
|
|
|
|
|
From Others |
|
|
|
Ganeshji Maharaj |
0.000 |
0.000 |
|
|
|
|
|
Total |
0.684 |
0.874 |
FIXED ASSETS:
· Building
· Plant and Machinery
· Office Equipments
· Furniture
· Vehicles
HINDUSTAN
WESTCOAST TRADING COMPANY
IDENTIFICATION DETAILS
|
Name : |
HINDUSTAN WESTCOAST TRADING COMPANY |
|
|
|
|
Registered
Office : |
201, Sterling Point, 2nd Floor, Opposite Income Tax Office,
P.T. Nehru Marg, Jamnagar-361008, Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Year of
Establishment : |
1975 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Not Divulged
|
|
|
|
|
Legal Form : |
Family Partnership Firm with an Unlimited Liability of the
Partners |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Activated Carbon, Edible Salt, Industrial
Salt, Marine Gypsum Pet Cock. |
|
|
|
|
No. of Employees
: |
10 [Approximately] By Group |
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 DECLINED BY
|
Name : |
Mr. Vishal |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-288-2558600 |
|
|
|
|
Name : |
Mr. Jay |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-288-2558600 |
|
Date : |
22.10.2013 |
LOCATIONS
|
Registered Office : |
201, Sterling Point, 2nd Floor, Opposite Income Tax Office,
P.T. Nehru Marg, Jamnagar-361008, Gujarat, India |
|
Tel. No.: |
91-288-2558600/ 5501 |
|
Mobile No.: |
91-9879899999 [Mr. Sarvesh Shubhkaran Sanghi] |
|
Fax No.: |
91-288-2554250 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 sq. ft. [By Group] |
|
Location : |
Owned [By Group] |
MANAGEMENT
|
Name : |
Mr. Pavankumar Mathuradas Sanghi |
|
Designation : |
Member |
|
|
|
|
Name : |
Mr. Pratik Shubhkaran Sanghi |
|
Designation : |
Member |
|
|
|
|
Name : |
Mr. Sarvesh Shubhkaran Sanghi |
|
Designation : |
Member |
|
|
|
|
Name : |
Mr. Shubhkaran Gulzarilal Sanghi |
|
Designation : |
Member |
KEY EXECUTIVES
|
Name : |
Mr. Vishal |
|
Designation : |
Accounts Manager |
|
|
|
|
Name : |
Mr. Jay |
|
Designation : |
Accounts Executive |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Activated Carbon, Edible Salt, Industrial
Salt, Marine Gypsum Pet Cock. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
No. of Employees : |
10 [Approximately] By Group |
|
|
|
|
Bankers : |
Punjab National Bank, Jamnagar, Gujarat, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Available |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT DIVULGED
Note: Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or Registry.
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
No |
|
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 |
No |
|
12] |
Profitability for last three years |
No |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
No |
|
16] |
Details of sister concerns |
No |
|
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 |
No |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
No |
|
28] |
Incorporation details, if applicable |
No |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
No |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
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 |
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 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.61.78 |
|
|
1 |
Rs.99.66 |
|
Euro |
1 |
Rs.84.48 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML / SVA |
|
|
|
|
Report Prepared
by : |
TPT |
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.