|
Report Date : |
30.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
JABS INTERNATIONAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. A-350, TTC Industrial Area, MIDC, Mahape, Navi Mumbai -
400708, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
12.09.1997 |
|
|
|
|
Com. Reg. No.: |
11-110640 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 17.815 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1997PTC110640 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMJ05398B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACJ3768P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Spices and Agro Products. |
|
|
|
|
No. of Employees
: |
70 [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 1349000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. The ratings reflect the established track record of the company and
vast of experience of the promoters in the field of spice exports,
diversified product portfolio, diversified client base of the company spread
across the world and strong profitability indicators. Trade relations are fair. Business is active. Payment terms are
usually correct. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made on
e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
India’s current
account deficit or CAD in April-June widened to 4.9 % of gross domestic
product. High imports of gold and oil led to a worsening of the trade deficit,
resulting in CAD jumping to $ 21.8 billion to the latest quarter from $ 16.9
billion in the corresponding quarter of the previous financial year. The
government aims to bring down CAD to 3.7 % or $ 70 billion, in 2013/14, from
4.8 % or $ 88.2 billion in 2012/13.
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 |
Term Loan : BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
October 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term non fund based limits : A3 |
|
Rating Explanation |
Moderate degree of safety and high credit
risk. |
|
Date |
October 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
|
Name : |
Mr. Dharmik |
|
Designation : |
Senior Accounts Manager |
|
Contact No.: |
91-22-27784500 |
|
Date : |
29.10.2013 |
LOCATIONS
|
Registered / Administrative Office / Factory : |
Plot No. A-350, TTC Industrial Area, MIDC, Mahape, Navi Mumbai -
400708, Maharashtra, India |
|
Tel. No.: |
91-22-27784500/ 27781201-4/ 41412525 |
|
Mobile No.: |
91-9833662605 [Mr. Dharmik] |
|
Fax No.: |
91-22-27782626/ 27781205/ 27781196 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
10000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch Offices :
|
Located At: ·
Mundra, Kutch, ·
Unjha, Ahmedabad, |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Bhaskar Bhanuvadan Shah |
|
Designation : |
Managing director |
|
Address : |
Flat No. 1202, Raheja Residency, M.G. Complex, Sector 14, Vashi, Navi
Mumbai – 400703, Maharashtra, India |
|
Date of Birth/Age : |
18.07.1957 |
|
Qualification : |
Graduate |
|
Experience : |
More than 30 years |
|
Date of Appointment : |
08.01.2000 |
|
DIN No.: |
00684507 |
|
|
|
|
Name : |
Mr. Shailesh Manordas Shah |
|
Designation : |
Director |
|
Address : |
Flat No. B-101, First Floor, Neel Siddhi Towers, Plot No. 195, Sector 12,
Vashi, Navi Mumbai – 400703, Maharashtra, India |
|
Date of Birth/Age : |
09.04.1964 |
|
Date of Appointment : |
09.12.1997 |
|
DIN No.: |
00684501 |
|
|
|
|
Name : |
Mr. Jai Bhaskar Shah |
|
Designation : |
Additional director |
|
Address : |
Flat No.1202, Raheja Residency, M.G. Complex, Sector 14, Vashi, Navi
Mumbai – 400703, Maharashtra India |
|
Date of Birth/Age : |
28.11.1984 |
|
Date of Appointment : |
30.03.2013 |
|
DIN No.: |
00684518 |
|
|
|
|
Name : |
Mrs. Salomi Bhaskar Shah |
|
Designation : |
Additional director |
|
Address : |
Raheja Residency, Flat No1202, Sector-14, M G Complex, Opposite
Gavdevi Mandir, Vashi, Navi Mumbai – 400703, Maharashtra, India |
|
Date of Birth/Age : |
31.07.1988 |
|
Date of Appointment : |
30.03.2013 |
|
DIN No.: |
06511688 |
KEY EXECUTIVES
|
Name : |
Mr. Dharmik |
|
Designation : |
Senior Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Shah
Bhaskar Sunita |
|
1779250 |
|
Shah
Manohar Shailesh |
|
150 |
|
Parikh M
Govindlal |
|
150 |
|
Parikh
Govindlal Indumatl |
|
150 |
|
Shah B
Bhanuvadhan |
|
150 |
|
Shah B
Padmaben |
|
150 |
|
Shan
Bhanuvadnan Bhaskar |
|
205000 |
|
Jai
Bhaskar Shah |
|
5000 |
|
Salomi
Bhaskar Shah |
|
5000 |
|
Chaitali
Jai Shah |
|
5000 |
|
|
|
|
|
Total |
|
2000000 |
AS ON 29.09.2012
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Spices and Agro Products. |
||||||||||||
|
|
|
||||||||||||
|
Products/ Services : |
|
||||||||||||
|
|
|
||||||||||||
|
Exports : |
|
||||||||||||
|
Products : |
Spices and Agro Products |
||||||||||||
|
Countries : |
·
Europe ·
USA ·
Middle East ·
Far East Country |
||||||||||||
|
|
|
||||||||||||
|
Imports : |
|
||||||||||||
|
Products : |
Finished Goods |
||||||||||||
|
Countries : |
·
China ·
Malaysia ·
Turkey |
||||||||||||
|
|
|
||||||||||||
|
Terms : |
|
||||||||||||
|
Selling : |
Cash and Credit |
||||||||||||
|
|
|
||||||||||||
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
· Sai Dattatreya Trading Company Karani Spices, Andhra Pradesh |
|||||||||||||||
|
|
|
|||||||||||||||
|
Customers : |
Wholesalers, End Users and Others [Importer] · A.A. Saiya and Comp., US |
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
70 [Approximately] |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
· State Bank of Bikaner and Jaipur, 232-234, Samuel Street, Vadgadi, Mandvi, Mumbai - 400003, Maharashtra, India Tamilnad Mercantile Bank Limited, Goradia House; 1st
Floor; 101-104, Kazi Syed Street; Post Box No. 3181, Mandvi, Mumbai - 400003,
Maharashtra, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kishor Pabari and Associates Chartered Accountants |
|
Address : |
J-4, Mangal Kunj, Opposite Indraprashtha Shopping Centre,
S V Road, Borivali [West], Mumbai – 400092, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADPP8300R |
|
|
|
|
Associates : |
Jabs Export Private Limited [U17100MH1987PTC043701] |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,781,500 |
Equity Shares |
Rs. 10/- each |
Rs. 17.815 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 |
|
17.815 |
12.815 |
|
(b) Reserves & Surplus |
|
319.454 |
242.537 |
|
(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) |
|
337.269 |
255.352 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
1.900 |
1.661 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
1.900 |
1.661 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
718.666 |
554.606 |
|
(b)
Trade payables |
|
327.905 |
58.607 |
|
(c)
Other current liabilities |
|
110.497 |
91.272 |
|
(d) Short-term
provisions |
|
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
|
1157.068 |
704.485 |
|
|
|
|
|
|
TOTAL |
|
1496.237 |
961.498 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
107.466 |
103.576 |
|
(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 |
|
18.500 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
110.500 |
91.850 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
236.466 |
195.426 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
186.677 |
224.232 |
|
(c)
Trade receivables |
|
927.827 |
387.022 |
|
(d) Cash
and cash equivalents |
|
131.392 |
137.952 |
|
(e) Short-term
loans and advances |
|
13.875 |
16.866 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
1259.771 |
766.072 |
|
|
|
|
|
|
TOTAL |
|
1496.237 |
961.498 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
7.815 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
200.732 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
208.547 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
478.542 |
|
|
2] Unsecured Loans |
|
|
52.055 |
|
|
TOTAL BORROWING |
|
|
530.597 |
|
|
DEFERRED TAX LIABILITIES |
|
|
1.798 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
740.942 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
104.781 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
168.569 |
|
|
Sundry Debtors |
|
|
548.986 |
|
|
Cash & Bank Balances |
|
|
9.985 |
|
|
Other Current Assets |
|
|
118.179 |
|
|
Loans & Advances |
|
|
77.804 |
|
Total
Current Assets |
|
|
923.523 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
209.294 |
|
|
Other Current Liabilities |
|
|
2.115 |
|
|
Provisions |
|
|
75.953 |
|
Total
Current Liabilities |
|
|
287.362 |
|
|
Net Current Assets |
|
|
636.161 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
740.942 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
6156.319 |
4016.248 |
4381.402 |
|
|
|
Other Income |
13.239 |
60.615 |
38.587 |
|
|
|
TOTAL (A) |
6169.558 |
4076.863 |
4419.989 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
5977.288 |
3952.682 |
4308.150 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
192.270 |
124.181 |
111.839 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
55.597 |
35.558 |
23.638 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
136.673 |
88.623 |
88.201 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
11.294 |
11.542 |
8.425 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
125.379 |
77.081 |
79.776 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
42.739 |
27.000 |
27.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
82.640 |
50.081 |
52.276 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
5587.051 |
3840.979 |
3902.386 |
|
|
|
|
|
|
|
|
|
CIF VALUE OF IMPORT |
338.546 |
299.729 |
222.296 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
46.39 |
38.36 |
29.34 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
5730.000 |
|
|
|
|
|
The above information has been parted by Mr. Dharmik (Senior Accounts
Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.34
|
1.23 |
1.18 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.04
|
1.92 |
1.82 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.48
|
8.02 |
7.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.37
|
0.30 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.13
|
2.17 |
2.54 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.09
|
1.09 |
3.21 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
|
Particulars |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
31.03.2010 (Rs.
In Millions) |
|
|
|
|
|
|
Current maturities of long-term debt |
0.000 |
0.000 |
NA |
|
|
|
|
|
|
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 |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
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 |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
90157904 |
06/09/2012 * |
830,800,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
232-234, SAMUEL STREET, VADGADI, MANDVI, MUMBAI - 400003, MAHARASHTRA, INDIA |
B58795220 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on demand from banks |
199.621 |
108.982 |
|
|
|
|
|
Total |
199.621 |
108.982 |
OPERATIONS:
The Company has maintained its high performance during the year. The total
turnover (Export and Domestic) amounted to Rs.6156.319 Millions as against
Rs.4016.248 Millions in the previous year and the Net profit for the year
amounted to Rs.125.379 Millions as against in the previous year of Rs. 77.081
Millions.
FIXED ASSETS:
· Land
Buildings
Office
building
Factory
building
Plant
and equipment
Factory
equipments
Furniture
and fixtures
Vehicles
Motor
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. 61.46 |
|
|
1 |
Rs. 98.99 |
|
Euro |
1 |
Rs. 84.72 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
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 |
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 |
|
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.