MIRA INFORM REPORT
|
Report Date : |
25.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
METAL LINK ALLOYS LIMITED (w.e.f. 31.12.2001) |
|
|
|
|
Formerly Known As : |
METAL LINK FERRO LIMITED |
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Registered Office : |
Plot No. 67, Panchal Udyog Nagar, Bhimpore – 386210, Daman, Daman and |
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Country : |
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Financials (as on) : |
31.03.2012 |
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|
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Date of Incorporation : |
19.02.1996 |
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Com. Reg. No.: |
58-003108 |
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Capital
Investment / Paid-up Capital : |
Rs.36.351 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U51909DD1996PLC003108 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
SRTM01722A |
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PAN No.: [Permanent
Account No.] |
AAGFM5962A |
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Legal Form : |
A closely held Public Limited Liability Company |
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|
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Line of Business : |
Manufacturer and exporter of Ferrous Metal Alloys and Trader of Non
Ferrous Metal Ingot. |
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|
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|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1140000 |
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|
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. Profit and sales turnover of the company appears to be fair. Trade relations are fair. Business is active. Payment terms are
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
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 India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $ 24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali expenditure by 40 % and
on average spend nearly 25 % of their monthly salary on Diwali, according to a
survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term loan: “BBB-” (Suspended) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
June, 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Working capital facilities: “A3” (Suspended) |
|
Rating Explanation |
Moderate degree of safety and high credit risk. |
|
Date |
June, 2013 |
Reason for Suspension: Absence of requisite information from company.
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. Abhay Tiwari |
|
Designation : |
Marketing, Export and Import Department |
|
Contact No.: |
91-9619890910 |
|
Date : |
24.10.2013 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No. 67, Panchal Udyog Nagar, Bhimpore – 386210, Daman, Daman and |
|
Tel. No.: |
91-260-3292200 / 2220651 / 22-23807121 |
|
Mobile No. |
91-9619890910 (Mr. Abhay Tiwari) 91-9619890915 (Mr. Ajay Tripathi) |
|
Fax No.: |
91-260-2220651 / 22-23895568 |
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E-Mail : |
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Website : |
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|
Location : |
Owned |
|
|
|
|
Corporate Office : |
Aidun Building, 1st Floor, ‘A’ Block, 1st Dhobi Talao
Lane, Opposite Metro Cinema, Mumbai – 400002, Maharashtra, India |
|
Tel. No.: |
91-22-40833333 |
|
Fax No.: |
91-22-40833346 |
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E-Mail : |
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Administrative : |
36 AB, Nirdhar Building, Mugbhai Cross Lane, Girgaum, Mumbai – 400004,
Maharashtra, India |
DIRECTORS
As on 24.09.2012
|
Name : |
Mr. Rajmal Mangilal Jain |
|
Designation : |
Director |
|
Address : |
401, 4th Floor, Thakurdwar Road, Mumbai – 400002,
Maharashtra, India |
|
Date of Birth/Age : |
02.08.1970 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
19.02.1996 |
|
PAN No.: |
AACPJ7573M |
|
DIN No.: |
00495949 |
|
|
|
|
Name : |
Mr. Bhavarlal Mangilal Jain |
|
Designation : |
Director |
|
Address : |
Flat No.1006, B Wing, 10th Floor, Shankar Seth Palace, Nana
Chowk, Tardeo Road, Grant Road (West), Mumbai – 400007, Maharashtra, India |
|
Date of Birth/Age : |
03.07.1956 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
19.02.1996 |
|
PAN No.: |
AABPJ9306K |
|
DIN No.: |
00495970 |
|
|
|
|
Name : |
Mr. Mangilal Ghamermal Jain |
|
Designation : |
Director |
|
Address : |
2-6, M.H. No.68/86, Harkubai Chawl No.1, Dr.B Jayakar Marg, Mumbai –
400002, Maharashtra, India |
|
Date of Birth/Age : |
01.02.1936 |
|
Qualification : |
Seventh |
|
Date of Appointment : |
19.02.1996 |
|
PAN No.: |
AABPJ9529Q |
|
DIN No.: |
00496006 |
KEY EXECUTIVES
|
Name : |
Mr. Abhay Tiwari |
|
Designation : |
Marketing, Export and Import Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 24.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Rajmal Mangilal Jain |
|
520475 |
|
Bhavarlal Mangilal Jain |
|
482375 |
|
Mangilal Ghamermal Jain |
|
782350 |
|
Pushpadevi Jain |
|
545600 |
|
Kanchan Jain |
|
566100 |
|
Shantilal Jain |
|
100 |
|
Yash Jain |
|
344050 |
|
Anand Jain |
|
344050 |
|
Renu Bhavarlal Jain |
|
50000 |
|
Total |
|
3635100 |
As on 24.09.2012
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 Ferrous Metal Alloys and Trader of Non
Ferrous Metal Ingot. |
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|
|
|
Exports : |
|
|
Products : |
Ferrous Metal Alloys and Non Ferrous Metal Ingot |
|
Countries : |
· Middle East · Europe · Gulf Countries · Far East |
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Imports : |
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Products : |
Raw Material |
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Countries : |
USA |
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Terms : |
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Selling : |
Cas and Credit |
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Purchasing : |
Cas and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
· State Bank of India, Industrial Finance Branch, World Trade Centre, Cuffe Parade, Mumbai – 400005, Maharashtra, India · Bank of India, Mumbai Mid Corporate, 70/80, M.G. Road, Bank of India Building, Mezzanine Floor, Fort, Mumbai - 400001, Maharashtra, India · Indian Overseas Bank, Nariman Point Branch, Bakhtawar Building, Nariman Point, Mumbai - 400021, Maharashtra, India · Bombay Mercantile Co-operative Bank Limited, Foreign Exchange Department, Uttam House; F.D. Mello Road, Mumbai - 400009, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
MNRD and Associates Chartered Accountants |
|
Address : |
Room No. 2, 3 Road Floor, Abbas Manzil, Sahar Road,Chakala, Andheri (East), Mumbai, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AANFM0177B |
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Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
· Bhavarlal Mangilal Jain and Company · Tulsi Castings and Machining · Karnawat Associates Private Limited · Baghbaan Distributors Private Limited · Mukti Trade Private Limited · Acharya Tulsi Buildcon Private Limited · Dhruvi Infracom Private Limited · Karnawat Alloys and Castings Limited · Karnawat Infrastructure Private Limited · Karnawat Smelting Private Limited · MBR Realtech Private Limited · Karnawat Metal Ind Limited · MBR Metal Solutions Private Limited · Atma Agriculture Private Limited · Ecstacy Developers Private Limited |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3635100 |
Equity Shares |
Rs.10/- each |
Rs.36.351 Millions |
|
|
|
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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 |
|
36.351 |
36.351 |
|
(b) Reserves & Surplus |
|
249.229 |
193.422 |
|
(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) |
|
285.580 |
229.773 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
207.613 |
97.161 |
|
(b) Deferred tax liabilities (Net) |
|
5.966 |
9.337 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
213.579 |
106.498 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
568.126 |
363.516 |
|
(b) Trade
payables |
|
369.626 |
189.629 |
|
(c) Other
current liabilities |
|
14.978 |
9.215 |
|
(d) Short-term
provisions |
|
31.149 |
38.681 |
|
Total Current
Liabilities (4) |
|
983.879 |
601.041 |
|
|
|
|
|
|
TOTAL |
|
1483.038 |
937.312 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
81.035 |
82.625 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
26.810 |
6.060 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
22.490 |
22.500 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other
Non-current assets |
|
0.004 |
0.500 |
|
Total Non-Current
Assets |
|
130.339 |
111.685 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
379.234 |
265.501 |
|
(c) Trade
receivables |
|
803.505 |
464.967 |
|
(d) Cash
and cash equivalents |
|
86.285 |
33.732 |
|
(e)
Short-term loans and advances |
|
83.675 |
61.922 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
1352.699 |
826.122 |
|
|
|
|
|
|
TOTAL |
|
1483.038 |
937.807 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
36.351 |
|
|
2] Share Application Money |
|
|
0.005 |
|
|
3] Reserves & Surplus |
|
|
165.800 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
202.156 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
342.792 |
|
|
2] Unsecured Loans |
|
|
69.540 |
|
|
TOTAL BORROWING |
|
|
412.332 |
|
|
DEFERRED TAX LIABILITIES |
|
|
11.352 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
625.840 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
92.417 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
22.500 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
311.224 |
|
|
Sundry Debtors |
|
|
274.356 |
|
|
Cash & Bank Balances |
|
|
25.477 |
|
|
Other Current Assets |
|
|
2.785 |
|
|
Loans & Advances |
|
|
104.036 |
|
Total
Current Assets |
|
|
717.878 |
|
|
|
|
|
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
|
53.033 |
|
|
Sundry Creditors |
|
|
98.220 |
|
|
Provisions |
|
|
55.707 |
|
Total
Current Liabilities |
|
|
206.960 |
|
|
Net Current Assets |
|
|
510.918 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.005 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
625.840 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3098.782 |
2245.996 |
1761.303 |
|
|
|
Other Income |
11.175 |
6.414 |
93.298 |
|
|
|
TOTAL (A) |
3109.957 |
2252.410 |
1854.601 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
2890.933 |
|
|
|
|
|
Employee benefit expense |
15.466 |
12.745 |
|
|
|
|
Other expenses |
56.423 |
78.061 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(24.674) |
52.428 |
|
|
|
|
TOTAL (B) |
2938.148 |
2117.789 |
1747.813 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (A-B) (C) |
171.809 |
134.621 |
106.788 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
84.853 |
56.273 |
46.160 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
86.956 |
78.348 |
60.628 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
16.616 |
16.982 |
12.528 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
70.340 |
61.366 |
48.100 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
16.905 |
22.586 |
16.438 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
53.435 |
38.780 |
31.662 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
784.582 |
402.966 |
523.115 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
NA
|
NA |
833.944 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
14.70 |
10.67 |
8.71 |
|
|
Particulars |
|
|
31.03.2013 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
|
3020.000 |
|
|
|
|
|
Expected Sales (2013-2014) : Rs. 3500.000 Millions
The above information has been parted by Mr. Abhay Tiwari.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.72
|
1.72 |
1.71 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.27
|
2.73 |
2.73 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.91
|
6.75 |
5.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25
|
0.27 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.72
|
2.00 |
2.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.37
|
1.37 |
3.47 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
four years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
CURRENT MATURITIES OF
LONG TERM DEBTS : NOT AVAILABLE
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10413194 |
07/02/2013 |
890,000,000.00 |
INDIAN OVERSEAS BANK |
NARIMAN POINT BRANCH, BAKHTAWAR BUILDING, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
B71260756 |
|
2 |
10336361 |
23/01/2012 |
300,000,000.00 |
BANK OF INDIA |
MUMBAI MID
CORPORATE, 70/80, M.G. ROAD,, BANK OF |
B32468076 |
|
3 |
90077624 |
05/09/2012 * |
843,400,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, WORLD TRADE CENTRE, CUFFE PARADE, MUMBAI - 400005, MAHARASHTRA, INDIA |
B60917119 |
* 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 |
73.550 |
4.509 |
|
Loans and advances from others |
134.063 |
92.652 |
|
Total |
207.613 |
97.161 |
NOTE
The registered office of the company has been shifted from Plot No.67, Panchal Udyog Nagar, Bhimpore – 386210, Daman, Daman and Diu, India to the present address w.e.f. 07.01.2013.
FIXED ASSETS
· Land
· Buildings
· Factory Building
· 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.61.41 |
|
|
1 |
Rs.99.53 |
|
Euro |
1 |
Rs.84.82 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
|
47 |
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.