|
Report Date : |
26.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
NUEVOSOL ENERGY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 409,
Ground Floor, Maps Towers, Road No. 81, Phase - 3, Jubilee Hills, Hyderabad –
500033, Andhra Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
14.09.2011 |
|
|
|
|
Com. Reg. No.: |
01-076517 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74200AP2011PTC076517 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDN04608C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing solutions for Mounting Systems like Solar Panel Mounting
Structure, Ground Mount Structure, Solar Racking System etc. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 27000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Trade relations are reported to be slow but correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and condition. |
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 Helsinki bagged the top
spot for the world’s most honest city while Lisbon, the capital of Portugal,
proved to be the least honest. The survey put hundreds of people to test
in four continents to find out just how honest they were by dropping wallets
and seeing how many would be returned.
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 rating : BB |
|
Rating Explanation |
Moderate risk of default |
|
Date |
September 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 : |
Ms. Saranga Jagna |
|
Designation : |
Office Executive |
|
Contact No.: |
91-40-23592222 |
|
Date : |
24.10.2013 |
LOCATIONS
|
Registered/ Corporate Office : |
Plot No. 409,
Ground Floor, Maps Towers, Road No. 81, Phase - 3, Jubilee Hills, Hyderabad –
500033, Andhra Pradesh, India |
|
Tel. No.: |
91-40-23551006/ 64644777/ 23592222 |
|
Fax No.: |
91-40-64644777 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Harish Chowdary Krothapalli |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
8-9-293/F/16, Jubilee Hills, Jawahar Nagar, Hyderabad – 500033, Andhra
Pradesh, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
29.06.1987 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
14.09.2011 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
03586316 |
||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Srinivas Rao Maganti |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
8-3-833/8, Phase-1, Srinagar Colony, Hyderabad – 500073, Andhra
Pradesh, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.02.1988 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
14.09.2011 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
03586329 |
||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sriram Dasari |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
R. No. 542, Tamraparani Hostel, IIT Madras, Chennai – 600036,
Tamilnadu, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
18.07.1986 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
14.09.2011 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
03586333 |
||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Himamsu Popuri |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
11-2-51, Balagi Nagar, Chammam, Hyderabad – 507001, Andhra Pradesh,
India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
29.06.1987 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
14.09.2011 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
03586407 |
||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Nikhilbabu Pachipulusu |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
Room No. 457, Godavari Hostel IIT Madras, Chennai – 600036, Tamilnadu,
India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.03.1987 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
14.09.2011 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
03608397 |
||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Ms. Saranga Jagna |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sriram Dasari |
|
2000 |
|
Himamsu Popuri |
|
2000 |
|
Harish Chowdary Krothapalli |
|
2000 |
|
Srinivas Rao Maganti |
|
2000 |
|
Nikhilbabu Pachipulusu |
|
2000 |
|
|
|
|
|
Total |
|
10000 |
AS ON 27.12.2012
|
Names of Allottees |
|
No. of Shares |
|
Sriram Dasari |
|
213485 |
|
Himamsu Popuri |
|
213485 |
|
Srinivas Rao Maganti |
|
213485 |
|
Harish Chowdary Krothapalli |
|
213485 |
|
Nikhilbabu Pachipulusu |
|
213485 |
|
|
|
|
|
Total |
|
1067425 |
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
|
|
|
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing solutions for Mounting Systems like Solar Panel Mounting Structure,
Ground Mount Structure, Solar Racking System etc. |
|
|
|
|
Terms : |
|
|
Selling : |
Cheque |
|
|
|
|
Purchasing : |
Cheque |
GENERAL INFORMATION
|
Customers : |
Wholesalers and OEM’s |
|
|
|
|
No. of Employees : |
50 (Approximately) |
|
|
|
|
Bankers : |
Ø Punjab National
Bank, Hyderabad, Andhra Pradesh, India
Ø State Bank of
Hyderabad, Sanath Nagar Branch, Sanath Nagar Industrial Estate, Hyderabad -
500018, Andhra Pradesh, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Pavuluri and Company Chartered Accountants |
|
Address : |
105, 1st Block, 1st Floor, Divyashakti Complex, Ameerpet, Hyderabad –
500016, Andhra Pradesh, India |
|
Tel. No.: |
91-40-23731837/ 40258691 |
|
Fax No.: |
91-40-23748729 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAKFP8963F |
CAPITAL STRUCTURE
AFTER 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,077,425 |
Equity Shares |
Rs. 10/- each |
Rs. 10.774
Millions |
|
|
|
|
|
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250,000 |
Equity Shares |
Rs. 10/- each |
Rs. 2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
|
0.100 |
|
(b) Reserves & Surplus |
|
|
6.638 |
|
(c) Money received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
6.738 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.017 |
|
(c)
Other long term liabilities |
|
|
0.000 |
|
(d)
long-term provisions |
|
|
0.000 |
|
Total
Non-current Liabilities (3) |
|
|
0.017 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
|
0.000 |
|
(b)
Trade payables |
|
|
15.484 |
|
(c)
Other current liabilities |
|
|
9.051 |
|
(d)
Short-term provisions |
|
|
9.516 |
|
Total
Current Liabilities (4) |
|
|
34.051 |
|
|
|
|
|
|
TOTAL |
|
|
40.806 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
|
0.858 |
|
(ii)
Intangible Assets |
|
|
0.000 |
|
(iii)
Capital work-in-progress |
|
|
0.000 |
|
(iv) Intangible assets under development |
|
|
0.000 |
|
(b) Non-current
Investments |
|
|
0.000 |
|
(c) Deferred tax assets
(net) |
|
|
0.000 |
|
(d) Long-term Loan
and Advances |
|
|
0.039 |
|
(e)
Other Non-current assets |
|
|
0.000 |
|
Total
Non-Current Assets |
|
|
0.897 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
0.000 |
|
(c)
Trade receivables |
|
|
29.073 |
|
(d)
Cash and cash equivalents |
|
|
6.467 |
|
(e)
Short-term loans and advances |
|
|
4.356 |
|
(f)
Other current assets |
|
|
0.013 |
|
Total
Current Assets |
|
|
39.909 |
|
|
|
|
|
|
TOTAL |
|
|
40.806 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
|
|
173.275 |
|
|
|
Other Income |
|
|
0.075 |
|
|
|
TOTAL (A) |
|
|
173.350 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material consumed |
|
|
16.774 |
|
|
|
Employee benefits |
|
|
6.575 |
|
|
|
Other Expenses |
|
|
139.570 |
|
|
|
TOTAL (B) |
|
|
162.919 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
10.431 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
0.286 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
10.145 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
0.066 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
|
10.079 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
3.441 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
|
6.638 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
663.76 |
|
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2012 |
|
PAT / Total Income |
(%) |
|
|
3.83 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
|
5.82 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
24.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
1.50 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
|
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
1.17 |
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
one year |
Yes |
|
12] |
Profitability for last
one year |
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 |
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 |
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 |
Yes |
Note:
The registered office of the company has been shifted from D. No.
8-3-833/15, F No. 353, Plot No. 15, Kamalapuri Colony, Sri Nagar Colony Post,
Hyderabad – 500073, Andhra Pradesh, India to the present w.e.f.21.07.2012
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U74200AP2011PTC076517 |
|
Name of the
company |
NUEVOSOL ENERGY
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
Plot No. 409,
Ground Floor, Maps Towers, Road No. 81, Phase - 3, Jubilee Hills, Hyderabad –
500033, Andhra Pradesh, India Email: parclients@gmail.com |
|
This form is for |
Modification of charge |
|
Charge
identification number of the modified |
10389845 |
|
Type of charge |
Immovable property Any interest in immovable property Book debts Movable property (not being pledge) Floating charge |
|
Particular of
charge holder |
State Bank of Hyderabad, Sanath Nagar Branch, Sanath Nagar Industrial
Estate, Hyderabad - 500018, Andhra Pradesh, India Email: sanathnagar@sbhyd.co.in
|
|
Nature of
description of the instrument creating or modifying the charge |
Letter of
arrangement- SME 1 Agreement of loan
cum hypothecation - SME 2 Memorandum for
recording creation of mortgage by deposit of title deeds - SME 5 Guarantee
agreement - SME-3 Letter of
confirmation for creation of mortgage by deposit of title deeds - SME 6 Memorandum for
recording extension of mortgage by deposit of title deeds - SME 7 Board resolution Sanction letter |
|
Date of
instrument Creating the charge |
21.12.2012 |
|
Amount secured by
the charge |
Rs. 140.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Cash Credit (Hyp)
: Base Rate + 3.75 % ie., 14 % Terms of Repayment Working capital advance.
Repayable on demand. Margin CC : Receivables
(Maximum cover period 90 days) 50 % LC : 20 % BG : 20 % (100 %
in case of disputed liabilities) IUBD : Nil Extent and Operation of the charge The charge
operates as a security against the credit facilities sanctioned by State Bank
of Hyderabad, Sanath Nagar Branch, Hyderabad, along with interests, costs,
expenses etc., incurred thereon. |
|
Short particulars
of the property charged |
PRIMARY: CC (Hyp):
First Charge on all the Fixed Assets of the Company (existing and future). LC: a)
Application cum Indemnity in respect of every LC. b)Charge over Current
Assets to cover LC limits BG: Counter
Indemnity, Counter Guarantee. Charge over Current Assets to cover the Limit. COLLATERAL: 1.
First Charge on all the Fixed Assets of the Company (existing and future). 2. EM of Plot
No.77, Sy.No.332 part, adm 433.33 sq.yds at Ameenpur (v), Patancheru (m),
Medak District, standing in the name of Smt. K. Aruna Kumari w/o Sri K.
Lakshmi Narasimha Rao. 3.EM of Duplex
Residential House bearing No.39 on Plot No.39 in Sy.No.30 (part), 38 (part)
and 39 part situated at Meenakshi's Bamboos, Gachibowli (v), Serilingampally
(m), RR district adm Plot area of 445.77 sq,yds standing in the name of Mr.
Maganti Srinivasa Rao. 4. EM of Open Land situated at Sy>no.88, Plot
No.13, 22 part, 23 and 24 part, adjacent to NTR by pass road diagonally
opposite to Star Mineral Water Plant, Near to Bommarillu Apartment,
Khanapuram Haveli GP, Khammam adm 1023.33 sq.yds standing in the name of Sri
Popuri Ravi Maruthi s/o Sri Late Venkata Subba Rao All the
collaterals to cover LC limits and BG limits also. Guarantees : Mr.
Dasari Sriram, Mr. Himamsu Popuri, Nikhil Babu Pachipulusu, Harish Chowdary
Krothapalli, Srivasa Rao Maganti, Directors of the Company and Third Party
Guarantees of Sri Popuri Ravi Maruthi (father of Mr. Himamsu Popuri) and Smt
K. Aruna Kumari. |
|
Particulars of
the present modification |
Nature of
Limits Existing New
(Rupees in Millions) Cash Credit
(Hyp) -- 20.000 IUBD Limit -- 40.000 Letter Of
Credit -- 40.000 Bank
Guarantee 6.800 40.000 Total 6.800 140.000 |
FIXED ASSETS:
Ø Furniture and
Fixture
Ø Plant and
Machinery
Ø Office Equipments
Ø Computers
Ø Vehicles
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 : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.