|
Report Date : |
26.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
GOMA ENGINEERING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Majiwada, Behind Universal Petrol Pump, Thane – 400 602, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
23.06.1982 |
|
|
|
|
Com. Reg. No.: |
11-027510 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28920MH1982PTC027510 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEG05217C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCG1059K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of
High Pressure Pump and Systems, Dairy and Food Process Systems. |
|
|
|
|
No. of Employees
: |
170 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 290000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Management has failed to file its latest financials after F.Y.2011,
with the government department. The company has seen a better increase in its sales turnover as well
as net profitability during 2013. However, trade relations are fair. Business is active. Payment terms
are reported as usually correct. The company can be considered for business dealings at usual trade
terms and conditions. NOTE: The financials
of 2012 and 2013 are taken from indirect source i.e. CRISIL. |
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 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 |
CRISIL |
|
Rating |
A3 (Bank Guarantee) |
|
Rating Explanation |
Moderate degree of safety it carry higher
credit risk. |
|
Date |
18.07.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
BBB- (Cash Credit) |
|
Rating Explanation |
Moderate degree of safety it carry moderate
credit risk. |
|
Date |
18.07.2013 |
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. Mayur Shah |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9323392003 |
|
Date : |
25.10.2013 |
LOCATIONS
|
Registered / Head Office : |
Majiwada, Behind Universal Petrol Pump, Thane – 400 602, Maharashtra,
India |
|
Tel. No.: |
91-22-41614161 / 41614162 / 25346436 / 25340875 / 2173800 / 41614152 /
21731801 / 02 / 21731800 / 21731802 |
|
Mobile No.: |
91-9323392003 (Mr. Mayur Shah) |
|
Fax No.: |
91-22-41614162 / 21731803 |
|
E-Mail : |
|
|
Website: |
|
|
|
|
|
Factory : |
214/2, Khupari,
Off. |
|
|
|
|
Branch Office
: |
Located At: ·
Kolkata
·
·
Koramangala ·
Chennai ·
|
DIRECTORS
AS ON 31.03.2011
|
Name : |
Mr. Keshavji
Meghji Gosrani |
|||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||
|
Address : |
11/12, Kashima Apartments,
4th Floor, Mani Baug, L.B. Marg, Thane – 400 602, Maharashtra,
India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.09.1940 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
26.06.1982 |
|||||||||||||||||||||||||||
|
DIN No.: |
00405003 |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Jayesh
Keshavji Gosrani |
|||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||
|
Address : |
601/602, Sita
Vihar Co-operative Society, Near Damani Estate, LBS Marg, Thane – 400 602,
Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
28.11.1965 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
31.03.2010 |
|||||||||||||||||||||||||||
|
DIN No.: |
00405543 |
|||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Chetan
Keshavji Gosrani |
|||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||
|
Address : |
11/12, Kashima Appartments,
4th Floor, Mani Baug, L.B. Marg, Thane – 400 602, Maharashtra,
India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.02.1972 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
31.03.2010 |
|||||||||||||||||||||||||||
|
DIN No.: |
00405765 |
|||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Ms. Sema Jayesh
Gosrani |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
801/802, Carlyle Raheja
Gardens, LBS Marg, Thane – 400 604, Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.04.1968 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
14.05.2010 |
|||||||||||||||||||||||||||
|
DIN No.: |
02731092 |
|||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Bijal Chetan
Gosrani |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
901/902, Astoria Raheja
Gardens, LBS Marg, Thane – 400 604, Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.01.1977 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
14.05.2010 |
|||||||||||||||||||||||||||
|
DIN No.: |
02724106 |
|||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Mayur Shah |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2011
|
Names of Shareholders |
No. of Shares |
|
Keshavji Meghji
Gosrani |
2138 |
|
Keshavji Meghji
Gosrani Karta K M Gosrani |
50 |
|
Manjulaben Keshavji Gosrani |
1480 |
|
Jayesh Keshavji
Gosrani |
3920 |
|
Jayesh Keshavji
Gosrani Karta J K Gosrani |
428 |
|
Sema Jayesh
Gosrani |
1810 |
|
Chetan Keshavji
Gosrani |
3106 |
|
Chetan Keshavji
Gosrani Karta C K Gosrani |
19 |
|
Bijal Chetan Gosrani |
946 |
|
Deepen Keshavji Gosrani |
540 |
|
Bharti D Gosrani |
1 |
|
Mohanlal Liladhar
Gosrani |
1333 |
|
Mohanlal Liladhar
Gosrani Karta M L Gosrani |
1 |
|
Nirmalaben Mohanlal Gosrani |
1328 |
|
Depa R Haria |
100 |
|
Bhairavi S Karaniya |
100 |
|
Priya M Shah |
100 |
|
Neha K Gada |
100 |
|
Bhavesh M Maru |
2950 |
|
Kanchanben M Maru |
5286 |
|
Prashant M Maru |
2673 |
|
Kunjal P Maru |
1 |
|
Pravin V Maru |
600 |
|
Shobhanaben P Maru |
750 |
|
Saralaben M Shah |
963 |
|
Neera M Shah |
2 |
|
Kantilal V Maru |
3773 |
|
Keshubhai R Shah |
1 |
|
Mehul K Maru |
1 |
|
Premlataben K Maru |
500 |
|
|
|
|
TOTAL
|
35000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 31.03.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
50.00 |
|
Directors or relatives of Directors |
50.00 |
|
|
|
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
High Pressure Pump and Systems, Dairy and Food Process Systems. |
|
|
|
|
Products : |
Dairy Products and Pumps |
|
|
|
|
Exports : |
|
|
Products : |
·
Dairy Products ·
Pumps |
|
Countries : |
African Countries |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
European Countries |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS (AS ON : 31.03.2011)
|
Particulars |
Unit |
Actual
Production |
|
Homogenizer |
In Nos. |
65 |
|
Create Washer |
In Nos. |
11 |
|
Pumps |
In Nos. |
149 |
|
VIP Pumps |
In Nos. |
19 |
GENERAL INFORMATION
|
Customers : |
·
Wholesalers ·
Retailers |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
170 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
·
Andhra Bank, Yogeshwar Dham, M G Road, Mulund
(West), Mumbai – 400 080, Maharashtra, India ·
State Bank of India, Eastern Express Highway, Gala
No.9 and 10, Sun Magnetic, Near LIC Off, Louis Wadi Service Road, Thane – 400
604, Maharashtra, India ·
Small Industries Development Bank of India, 1 and
2 Dhanalaxmy Residency, Near Hotel Tip Top Plaza, LBS Marg, Thane – 400 602,
Maharashtra, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ponkshe Kulkarni and Company Chartered Accountant |
|
Address : |
7 Chaudhary Building, Brahman Society, Naupada, Thane West,
Thane-400602, |
|
PAN No.: |
AAFFP5555L |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35000 |
Equity Shares |
Rs.100/-
each |
Rs. 3.500
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
3.500 |
3.500 |
3.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
70.920 |
52.544 |
41.586 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
74.420 |
56.044 |
45.086 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
76.049 |
53.928 |
52.398 |
|
|
2] Unsecured Loans |
25.856 |
43.656 |
33.457 |
|
|
TOTAL BORROWING |
101.905 |
97.584 |
85.855 |
|
|
DEFERRED TAX LIABILITIES |
1.839 |
2.053 |
2.018 |
|
|
|
|
|
|
|
|
TOTAL |
178.164 |
155.681 |
132.959 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
49.602 |
50.943 |
54.115 |
|
|
Capital work-in-progress |
2.001 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
5.962 |
4.651 |
4.278 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
76.801
|
52.643
|
45.936 |
|
|
Sundry Debtors |
78.996
|
48.831
|
63.120 |
|
|
Cash & Bank Balances |
24.581
|
48.009
|
18.016 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
57.735
|
39.829
|
32.838 |
|
Total
Current Assets |
238.113
|
189.312 |
159.910 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
54.228
|
39.934
|
48.074 |
|
|
Other Current Liabilities |
35.744
|
30.849
|
23.697 |
|
|
Provisions |
27.542
|
18.442
|
13.573 |
|
Total
Current Liabilities |
117.514
|
89.225 |
85.344 |
|
|
Net Current Assets |
120.599
|
100.087
|
74.566 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
178.164 |
155.681 |
132.959 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
GROSS SALES |
328.179 |
238.861 |
256.984 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
27.262 |
15.894 |
17.108 |
|
|
|
|
|
|
|
Less |
TAX |
8.886 |
4.935 |
7.026 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
18.376 |
10.959 |
10.082 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
41.585 |
31.503 |
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
52.544 |
41.585 |
|
|
|
|
|
|
|
|
IMPORTS VALUE |
6.596 |
4.981 |
4.787 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
525.03 |
313 |
288 |
|
Particulars |
|
31.03.2013 |
31.03.2012 |
|
Net Sales |
|
424.700 |
344.200 |
|
|
|
|
|
|
Profit after Tax (PAT) |
|
18.400 |
15.600 |
|
|
|
|
|
NOTE: The financials of
2012 and 2013 are taken from indirect source i.e. CRISIL
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.48
|
6.62
|
7.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.37
|
0.28
|
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.37
|
1.74
|
1.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.03
|
2.12
|
1.87 |
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
five years |
Yes |
|
12] |
Profitability for last
five 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 |
No |
|
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 |
No |
|
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 |
Yes |
UNSECURED LOANS:
|
Particulars |
31.03.2011 Rs. In Millions |
31.03.2010 Rs. In Millions |
|
Under Sales Tax
Incentive Under PSI |
|
|
|
Sales Tax Loan PSI 1993 CST |
6.227 |
6.474 |
|
Sales Tax Loan PSI 1993 MST |
7.674 |
8.362 |
|
From Shareholders and Directors |
11.955 |
28.820 |
|
|
|
|
|
Total |
25.856 |
43.656 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10313789 |
12/10/2011 |
3,800,000.00 |
SMALL
INDUSTRIES DEVELOPMENTS BANK OF INDIA |
1
AND 2 DHANALAXMY RESIDECNY, NEAR HOTEL, TIP TOP PLAZA, LBS MARG, AZA, LBS
MARG, THANE (WEST), THANE WEST – 400 602, MAHARASHTRA, INDIA |
B23772627 |
|
2 |
10315169 |
14/08/2012
* |
140,000,000.00 |
STATE
BANK OF INDIA |
EASTERN
EXPRESS HIGHWAY, GALA NO 9 AND10, SUN, MAGNETIC, NEAR LIC OFF, LOUIS WADI
SERVICE ROAD, THANE – 400 604, MAHARASHTRA, INDIA |
B57751349 |
|
3 |
10274664 |
01/03/2011 |
7,500,000.00 |
SMALL
INDUSTRIES DEVELOPMENTS BANK OF INDIA |
1 AND
2 DHANALAXMY RESIDECNY, NEAR HOTEL, TIP TOP PLAZA, LBS MARG, AZA, LBS MARG,
THANE (WEST), THANE WEST – 400 602, MAHARASHTRA, INDIA |
B08462814 |
|
4 |
10192595 |
26/11/2009 |
5,000,000.00 |
SMALL
INDUSTRIES DEVELOPMENTS BANK OF INDIA |
1 AND
2 DHANALAXMY RESIDECNY, NEAR HOTEL, TIP TOP PLAZA, LBS MARG, AZA, LBS MARG,
THANE (WEST), THANE WEST – 400 602, MAHARASHTRA, INDIA |
A75272575 |
|
5 |
10116658 |
08/07/2008 |
350,000.00 |
THE
SARASWAT CO-OP BANK LIMITED |
ANTOP
HILL BRANCH, KALPAK ESTATE, MUMBAI – 400 037, MAHARASHTRA, INDIA |
A43285170 |
* Date
of charge modification
FIXED ASSETS:
·
Air Conditioner
·
Building
·
Computer
·
Camera
·
Electrical Fittings
·
Furniture and Fixtures
·
Generator
·
Land
·
Machinery
·
Motor Car
·
Refrigerator
·
Tea Vending Machine
·
Road Construction
·
Water Cooler
·
Water Filter
·
Xerox Machine
·
Water Softener
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.61.63 |
|
|
1 |
Rs.99.94 |
|
Euro |
1 |
Rs.85.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
NAY |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
46 |
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.