|
Report Date : |
05.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
GLOBAL POWERSOURCE (INDIA) PRIVATE LIMITED (w.e.f.11.09.2008) |
|
|
|
|
Formerly Known
As : |
FIAMM GLOBAL (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-10, Satyam Shopping Centre, M.G. Road, Ghatkopar (East), Mumbai –
400 077, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation
: |
04.08.2006 |
|
|
|
|
Com. Reg. No.: |
11-163562 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.50.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140MH2006PTC163562 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMF04740B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACF9963C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader,
Importer and Distributor of UPS and Batteries. |
|
|
|
|
No. of Employees
: |
350 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
USD 544000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established as a proprietary concern in the year 1989 with
the name “Vinit Impex” and got converted into private limited in the year
2006. It is an established company having moderate track record.
Profitability of the company appears to be low. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow but
correct. The company can be considered for business dealings with some caution.
|
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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like Tunisia, Egypt, Libya and Vietnam.
Once powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in agriculture,
industry and services. Dampening sentiment led to a cut-back in investment as
well as private consumption expenditure. Inflation remained at high
levels fuelled by the pressure from the food and fuel sectors. The large fiscal
and current account deficit s continued to cause grave concern. It is
imperative that India regains its growth trajectory of 8-9 % sooner than later.
This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating: BB+ |
|
Rating Explanation |
Having moderate risk of default regarding timely servicing of financial
obligation. |
|
Date |
May, 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. Sahil Kumar |
|
Designation : |
Business and Finance Head |
|
Contact No.: |
91-9320640646 |
|
Date : |
04.09.2013 |
LOCATIONS
|
Registered Office : |
C-10, Satyam Shopping Centre, M.G. Road, Ghatkopar (East), Mumbai –
400 077, Maharashtra, India |
|
Tel. No.: |
91-22-25110646/ 40460646 |
|
Mobile No.: |
91-9320640646 (Mr. Sahil Kumar) |
|
Fax No.: |
91-22-25111042/ 21021042 |
|
E-Mail : |
|
|
Website: |
|
|
Area: |
3000 sq. ft. |
|
Location: |
Owned |
|
|
|
|
Warehouse: |
B S 67, Mitali Commercial Complex, Rehnal Village, Anjur Phata,
Bhiwandi, Thane, Maharashtra,
India |
|
Area: |
10000 sq. ft. |
|
Location: |
Owned |
|
|
|
|
Branch Office : |
Located at: ·
Delhi ·
Kolkata ·
Ahmedabad ·
Bangalore ·
Lucknow ·
Patna ·
Pune ·
Chennai ·
Chandigarh ·
Bhubaneshwar ·
Vapi ·
Guwahati ·
Jaipur ·
Karnal ·
Gurgaon ·
Secunderabad |
|
|
|
|
Special Economic Zonal Office 1 : |
Unit No.97, Plot No.294, Surat Special Economic, Sachin, Surat - 394
230, Gujarat, India |
|
|
|
|
Special Economic Zonal Office 2 : |
Plot No.43/A/SDF, 1st Floor, 'D' Block, Cochin SEZ
Kakkaned, Cochin - 682 037, Kerala, India |
|
Tel. No.: |
91-484-2413369 |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Dipak Dhirajlal Gandhi |
|
Designation : |
Director |
|
Address : |
405, Sahyadri, Neelkanth Valley, Ghatkopar (East), Mumbai – 400 087,
Maharashtra, India |
|
Date of Birth/Age : |
07.08.1955 |
|
Date of Appointment : |
04.08.2006 |
|
DIN No.: |
00004313 |
|
|
|
|
Name : |
Mr. Gopinath Muthukrishnan |
|
Designation : |
Director |
|
Address : |
Sanskruti, Block 3, TI 27, Santhnalakshmi Street, Rajeshwari Nagar,
Selaiyur, Chennai – 600 073, Tamilnadu, India |
|
Date of Birth/Age : |
15.12.1950 |
|
Date of Appointment : |
07.08.2006 |
|
DIN No.: |
01272977 |
|
|
|
|
Name : |
Mr. Ashwin Kisandas Parekh |
|
Designation : |
Director |
|
Address : |
Wing A, Flat No.201, 2nd Floor, Nityanand Krupa, M G Raod,
Ghatkopar (East), Mumbai – 400 077, Maharashtra, India |
|
Date of Birth/Age : |
18.07.1956 |
|
Date of Appointment : |
10.11.2011 |
KEY EXECUTIVES
|
Name : |
Mr. Fernandes |
|
Designation : |
Finance Executive |
|
|
|
|
Name : |
Mr. Sahil Kumar |
|
Designation : |
Business and Finance Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Dipak Dhirajlal Gandhi |
2550000 |
|
Dipak Dhirajlal Gandhi HUF |
2437500 |
|
Varsha Gandhi |
12500 |
|
Total |
5000000 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader,
Importer and Distributor of UPS and Batteries. |
|
|
|
|
Imports : |
|
|
Products : |
Batteries |
|
Countries : |
·
Malaysia
·
China ·
Korea
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C |
|
|
|
|
Purchasing : |
L/C |
GENERAL INFORMATION
|
Customers : |
Wholesalers and End Users |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
350 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
·
Union Bank of India Limited, M. G. Road,
Ghatkopar (East), Mumbai – 400 077, Maharashtra, India ·
Standard Chartered Bank |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Nitin Pota and Associates Chartered Accountants |
|
Address : |
D-204, Kailas Esplanade, L.B.S. Road, Ghatkopar (West), Mumbai – 400
086, Maharashtra, India |
|
Tel No.: |
91-22-25000590/ 25005087 |
|
Fax No.: |
91-22-25005087 |
|
E-Mail: |
|
|
Website : |
|
|
PAN No.: |
AADPP2784R |
|
|
|
|
Sister Concern : |
·
Rocket Batteries (India) Private Limited ·
Global Tele Tower (India) Private Limited Address: C-8, M.G. Road,
Ghatkopar, Mumbai, Maharashtra, India |
|
|
|
|
Group Company : |
Global Nishi Teleservices Private Limited |
CAPITAL STRUCTURE
AFTER 29.09.2012
Authorised Capital : Rs.100.000 millions
Issued, Subscribed & Paid-up Capital : Rs.80.000
millions
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 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 |
|
50.000 |
50.000 |
|
(b) Reserves & Surplus |
|
86.061 |
69.979 |
|
(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) |
|
136.061 |
119.979 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
71.588 |
54.365 |
|
(b) Deferred tax liabilities (Net) |
|
1.456 |
1.057 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) Long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
73.044 |
55.422 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
355.388 |
194.400 |
|
(b)
Trade payables |
|
254.360
|
418.750
|
|
(c)
Other current liabilities |
|
1.975
|
5.045
|
|
(d) Short-term
provisions |
|
23.823
|
31.365
|
|
Total Current
Liabilities (4) |
|
635.546 |
649.560 |
|
|
|
|
|
|
TOTAL |
|
844.651 |
824.961 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
18.752 |
14.797 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
30.838 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
1.691 |
1.691 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
5.749 |
4.508 |
|
(e) Other
Non-current assets |
|
0.303 |
0.461 |
|
Total Non-Current
Assets |
|
57.333 |
21.457 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
91.110
|
110.554
|
|
(c)
Trade receivables |
|
480.205
|
529.815
|
|
(d) Cash
and cash equivalents |
|
177.866
|
125.157
|
|
(e)
Short-term loans and advances |
|
2.368 |
1.079 |
|
(f)
Other current assets |
|
35.769 |
36.899 |
|
Total
Current Assets |
|
787.318 |
803.504 |
|
|
|
|
|
|
TOTAL |
|
844.651 |
824.961 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
50.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
39.784 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
89.784 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
34.495 |
|
|
2] Unsecured Loans |
|
|
16.124 |
|
|
TOTAL BORROWING |
|
|
50.619 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.636 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
141.039 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
10.185 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
1.691 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
170.533 |
|
|
Sundry Debtors |
|
|
394.169 |
|
|
Cash & Bank Balances |
|
|
149.392 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
48.408 |
|
Total
Current Assets |
|
|
762.502 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
597.709 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
35.889 |
|
Total
Current Liabilities |
|
|
633.598 |
|
|
Net Current Assets |
|
|
128.904 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.259 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
141.039 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operation |
2285.131 |
2437.878 |
NA |
|
|
|
Other Income |
13.700 |
7.059 |
NA |
|
|
|
TOTAL (A) |
2298.831 |
2444.937 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
2027.975 |
2173.525 |
NA |
|
|
|
Changes in Inventories of Finished Goods |
19.445 |
59.979 |
NA |
|
|
|
Employee Benefits Expenses |
39.188 |
27.002 |
NA |
|
|
|
Other Expenses |
101.811 |
96.699 |
NA |
|
|
|
TOTAL (B) |
2188.419 |
2357.205 |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
110.412 |
87.732 |
NA |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
82.094 |
40.758 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
28.318 |
46.974 |
45.178 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.847 |
1.358 |
0.922 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
26.471 |
45.616 |
44.256 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
10.389 |
15.421 |
14.131 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I)
|
16.082 |
30.195 |
30.125 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
3.22 |
6.04 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.70
|
1.23 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.16
|
1.87 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.26
|
5.54 |
5.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
0.38 |
0.49 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.14
|
2.07 |
0.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24
|
1.24 |
1.20 |
LOCAL AGENCY FURTHER INFORMATION
Details of Current maturities of long term
debt: Not Available
|
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 two 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 |
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 |
No |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
Yes |
|
Unsecured Loans |
31.03.2012 (Rs. in Millions) |
31.03.2011 (Rs. in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
From Banks and Financial Institutions |
28.085 |
24.190 |
|
From Shareholders and Group Companies |
25.000 |
15.175 |
|
From Others |
0.000 |
15.000 |
|
Total |
53.085 |
54.365 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10423506 |
14/03/2013 |
100,000,000.00 |
UNION BANK OF
INDIA |
SILVER COURT, MG
ROAD, GHATKOPAR (EAST), MUMBAI, MAHARASHTRA - 400077, INDIA |
B74335944 |
|
2 |
10375907 |
27/07/2012 |
20,000,000.00 |
UNION BANK OF
INDIA LIMITED |
M.G. ROAD, GHATKOPAR
(EAST), MUMBAI, MAHARASHTRA - 400077, INDIA |
B57873887 |
|
3 |
10365704 |
28/06/2012 |
800,000.00 |
UNION BANK OF
INDIA |
SILVER COURT,
1ST FLOOR, M.G. ROAD, GHATKOPAR (WEST), MUMBAI, MAHARASHTRA - 400077, INDIA |
B43715507 |
|
4 |
10231548 |
28/06/2010 |
195,000,000.00 |
STANDARD
CHARTERED BANK |
SME CREDIT,
23-25, M G ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
A90229204 |
|
5 |
10188544 |
09/11/2009 |
50,000,000.00 |
UNION BANK OF
INDIA |
GHATKOPAR (EAST)
BRANCH, SILVER COURT, 1ST FLOOR, |
A74106220 |
|
6 |
10171992 |
13/03/2012 * |
200,000,000.00 |
UNION BANK OF
INDIA |
SILVER COURT, M
G ROAD, GHATKOPAR (EAST), MUMBAI, MAHARASHTRA - 400077, INDIA |
B36797850 |
|
7 |
10110306 |
13/03/2012 * |
540,000,000.00 |
UNION BANK OF
INDIA |
SILVER COURT, M
G ROAD, GHATKOPAR (EAST), MUMBAI, MAHARASHTRA - 400077, INDIA |
B36800274 |
* Date of charge modification
FIXED ASSETS:
·
Mobile
·
Computer
·
Air Conditioner
·
Battery Racks
·
Battery Testing Equipment
·
Weighting Scales
·
Projector
·
Fax Machine
·
Furniture
·
Camera
·
Cycle
·
Electrical Fittings
·
Office Equipments
·
Car
·
Scooter and Bike
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.67.03 |
|
|
1 |
Rs.104.32 |
|
Euro |
1 |
Rs.88.24 |
INFORMATION DETAILS
|
Information Gathered
by : |
PLV |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
36 |
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.