MIRA INFORM REPORT
|
Report Date : |
19.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
CEEBUILD COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
23A, Netaji Subhash Road, 2nd Floor, Room No.19 and 20,
Kolkata-700001, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
22.09.1994 |
|
|
|
|
Com. Reg. No.: |
21-065254 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 43.391 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29256WB1994PTC065254 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Overhead Transmission and Distribution
line Hardware Items and Structural Items |
|
|
|
|
No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 330000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was an established partnership concern in the year 1986 with
the name of Ceebuild company. During the year 1994, it has been converted
into private limited. It has a moderate track record. We received this general information from Mr. Ashok Agarwal (Account
Manager). Current financial data 2011-2012 are not available. Trade relations
are fair. Business is active. Payment terms are 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.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
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
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 |
B+ (Long Term Rating) |
|
Rating Explanation |
High risk of default |
|
Date |
18.05.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A4 (Short Term Rating) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
18.05.2012 |
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. Ashok Agarwal |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9830013679 |
|
Date : |
14.09.2013 |
LOCATIONS
|
Registered Office : |
23A, Netaji Subhash Road, 2nd Floor, Room No.19 and 20,
Kolkata-700001, West Bengal, India |
|
Tel. No.: |
91-33-40050058 / 22302052 / 22487074 / 30221119 |
|
Mobile No.: |
91-9830013679 (Mr. Ashok Agarwal) |
|
Fax No.: |
91-33-30221119 / 22304990 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
NH 6, Dhulagarh, Sankrail, Howrah, India |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Sandeep Kabra |
|
Designation : |
Director |
|
Address : |
15, Ballygunge Park Road, Kolkata-700019, West Bengal, India |
|
Date of Birth/Age : |
08.10.1965 |
|
Date of Appointment : |
22.09.1994 |
|
DIN No.: |
00960600 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U29256WB1994PTC065254
|
CEEBUILD COMPANY
PRIVATE LIMITED |
Director |
22/09/1994 |
22/09/1994 |
Active |
NO |
|
2 |
U70109WB1997PTC084807
|
KABRA
MULTIPROJECTS PRIVATE LIMITED |
Director |
02/07/1997 |
02/07/1997 |
Active |
NO |
|
3 |
U55101WB2000PTC091379
|
SAISAN EATERIES
PRIVATE LIMITED |
Director |
16/03/2000 |
16/03/2000 |
Strike off |
NO |
|
4 |
U70101WB1981PTC034055
|
CRESCENT ESTATES
PRIVATE LIMITED |
Director |
04/11/2006 |
04/11/2006 |
Active |
NO |
|
5 |
U74140WB2005PTC100973
|
PAWAN PUTRA
ADVISORY SERVICES PRIVATE LIMITED |
Director |
21/02/2007 |
21/02/2007 |
Active |
NO |
|
6 |
U74900WB2008PTC124487
|
JR SALES AND
SERVICES PRIVATE LIMITED |
Director |
26/03/2008 |
26/03/2008 |
Active |
NO |
|
7 |
U27104OR1987PLC001824
|
KVR STEELS
ORISSA LIMITED |
Additional
director |
27/04/2009 |
27/04/2009 |
Active |
NO |
|
8 |
U28910WB2011PTC162146
|
CBC POWER
INDUSTRIES PRIVATE LIMITED |
Director |
30/04/2011 |
30/04/2011 |
Active |
NO |
|
Name : |
Mr. Sanjeev Kabra |
|
Designation : |
Director |
|
Address : |
15, Ballygunge Park Road, Kolkata-700019, West Bengal, India |
|
Date of Birth/Age : |
03.07.1962 |
|
Date of Appointment : |
22.09.1994 |
|
DIN No.: |
00959932 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U29256WB1994PTC065254
|
CEEBUILD COMPANY
PRIVATE LIMITED |
Director |
22/09/1994 |
22/09/1994 |
- |
Active |
NO |
|
2 |
U51909WB1993PTC061294
|
LPS ENGINEERING
COMPANY PRIVATE LIMITED |
Director |
05/09/1997 |
05/09/1997 |
- |
Active |
NO |
|
3 |
U25209WB1973PTC028797
|
SHIVON EPOXILITE
PRIVATE LIMITED |
Director |
22/03/1999 |
22/03/1999 |
01/02/2010 |
Active |
NO |
|
4 |
U70101WB1981PTC034055
|
CRESCENT ESTATES
PRIVATE LIMITED |
Director |
04/11/2006 |
04/11/2006 |
- |
Active |
NO |
|
5 |
U74140WB2005PTC100973
|
PAWAN PUTRA
ADVISORY SERVICES PRIVATE LIMITED |
Director |
21/02/2007 |
21/02/2007 |
- |
Active |
NO |
|
6 |
U74900WB2008PTC124487
|
JR SALES AND
SERVICES PRIVATE LIMITED |
Director |
26/03/2008 |
26/03/2008 |
- |
Active |
NO |
|
7 |
U27104OR1987PLC001824
|
KVR STEELS
ORISSA LIMITED |
Additional
director |
27/04/2009 |
27/04/2009 |
- |
Active |
NO |
|
8 |
U28910WB2011PTC162146
|
CBC POWER
INDUSTRIES PRIVATE LIMITED |
Director |
30/04/2011 |
30/04/2011 |
- |
Active |
NO |
|
Name : |
Mr. Shashi Kabra |
|
Designation : |
Director |
|
Address : |
15, Ballygunge Park Road, Kolkata-700019, West Bengal, India |
|
Date of Birth/Age : |
05.08.1964 |
|
Date of Appointment : |
22.09.1994 |
|
DIN No.: |
01494672 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U29256WB1994PTC065254
|
CEEBUILD COMPANY
PRIVATE LIMITED |
Director |
22/09/1994 |
22/09/1994 |
Active |
NO |
|
2 |
U70101WB1981PTC034055
|
CRESCENT ESTATES
PRIVATE LIMITED |
Director |
04/11/2006 |
04/11/2006 |
Active |
NO |
|
3 |
U25209WB1973PTC028797
|
SHIVON EPOXILITE
PRIVATE LIMITED |
Director |
01/08/2012 |
01/08/2012 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Ashok Agarwal |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
Note: Shareholder
details file attached.
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
36.12 |
|
Directors or relatives of Directors |
56.65 |
|
Other top fifty shareholders |
7.23 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Overhead Transmission and Distribution
line Hardware Items and Structural Items |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Exports : |
|
||||
|
Countries : |
|
||||
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|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash, Credit |
||||
|
|
|
||||
|
Purchasing : |
Cash, Credit |
PRODUCTION STATUS (AS ON : 31.03.2011)
|
Particulars |
Unit |
Actual
Production |
|
|
|
|
|
Cross Arms / Earthing Coils / Guy Grips etc |
Nos. |
1750 |
GENERAL INFORMATION
|
Customers : |
End Users |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
25 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
H Kabra and Company Chartered Accountant |
|
Address : |
P-41, Princep Street, Kolkata-700072, West Bengal, India |
|
PAN No.: |
AGGPK2880C |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs. 3.000 Millions |
|
470000 |
Equity Shares |
Rs.100/- each |
Rs. 47.000 Millions |
|
|
TOTAL |
|
Rs. 50.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
48060 |
Equity Shares |
Rs.10/- each |
Rs. 0.481
Million |
|
443600 |
Equity Shares |
Rs.100/- each |
Rs. 44.360 Millions |
|
|
TOTAL |
|
Rs. 44.841 Millions |
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs. 3.000
Millions |
|
470000 |
Equity Shares |
Rs.100/- each |
Rs. 47.000 Millions |
|
|
TOTAL |
|
Rs. 50.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
48060 |
Equity Shares |
Rs.10/- each |
Rs. 0.481
Million |
|
429100 |
Equity Shares |
Rs.100/- each |
Rs. 42.910 Millions |
|
|
TOTAL |
|
Rs. 43.391 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 |
43.391 |
43.391 |
43.391 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
40.260 |
35.233 |
29.845 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
83.651 |
78.624 |
73.236 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
211.804 |
157.596 |
155.799 |
|
|
2] Unsecured Loans |
5.686 |
4.593 |
1.816 |
|
|
TOTAL BORROWING |
217.490 |
162.189 |
157.615 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
301.141 |
240.813 |
230.851 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
12.642 |
13.585 |
12.578 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
4.588 |
5.889 |
9.488 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
99.487
|
103.310 |
67.495 |
|
|
Sundry Debtors |
420.187
|
435.465 |
404.322 |
|
|
Cash & Bank Balances |
9.421
|
5.498 |
5.657 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
84.513
|
92.274 |
76.709 |
|
Total
Current Assets |
613.608
|
636.547 |
554.183 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
224.094
|
316.815 |
309.076 |
|
|
Other Current Liabilities |
97.584
|
93.056 |
31.586 |
|
|
Provisions |
8.264
|
5.582 |
4.981 |
|
Total
Current Liabilities |
329.942
|
415.453 |
345.643 |
|
|
Net Current Assets |
283.666
|
221.094 |
208.540 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.245 |
0.245 |
0.245 |
|
|
|
|
|
|
|
|
TOTAL |
301.141 |
240.813 |
230.851 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1100.000 (Approximately) |
960.434 |
938.181 |
|
|
|
Other Income |
NA |
2.312 |
0.090 |
|
|
|
TOTAL |
NA |
962.746 |
938.271 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
|
|
|
|
|
|
Purchase of Stock In Trade |
|
|
|
|
|
|
Employee benefits expenses |
|
|
|
|
|
|
TOTAL |
NA |
955.701 |
932.875 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
NA |
7.045 |
5.396 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
1.600 |
1.937 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
7.709 |
5.445 |
3.459 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
16.16 |
12.55 |
7.97 |
|
|
Particulars |
|
31.03.2013 |
31.03.2012 |
|
Sales Turnover (Approximately) |
|
1200.000 |
1130.000 |
|
|
|
|
|
Expected Sales (2013-2014) : Rs. 1500.000 Millions
The above information has been parted by Mr. Ashok Agarwal.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
0.57 |
0.37 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
0.73 |
0.58 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
1.08 |
0.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.09 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.60
|
2.06 |
2.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.86
|
1.53 |
1.60 |
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
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
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 |
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 Loan |
Rs.
In Millions 31.03.2011 |
Rs.
In Millions 31.03.2010 |
|
Loans directors unsecured |
3.503 |
2.900 |
|
Other debt unsecured |
2.183 |
1.693 |
|
|
|
|
|
TOTAL |
5.686 |
4.593 |
VIEW INDEX OF
CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
90250578 |
10/09/2011 * |
435,000,000.00 |
ALLAHABAD BANK |
88, B.K.PAUL AVENUE, KOLKATA, WEST BENGAL
- 700005, INDIA |
B21027289 |
|
2 |
90250443 |
06/02/2005 * |
12,000,000.00 |
ALLAHBAD BANK |
B K PAUL AVENUE BRANCH, KOLKATA, WEST BENGAL
- 700005, INDIA |
- |
|
* Date of charge modification |
||||||
NOTE
Registered office has been shifted from 23 A N S Road, Kolkata-700001,
West Bengal, India to the present address w.e.f. 15.02.2011
WORKING RESULTS
The Company Net Profit
amounting to Rs. 7.709 Millions for the year. The same after providing for
Income Tax being Rs. 2.600 Millions has been carried to Balance Sheet. The
Directors do not recommend any dividend for the year.
FIXED ASSETS
- Land
- Motor Car and
Motor Cycle
- Office
Equipments
- Furniture and
Fixtures
- Plant and
Machinery
- Computer
- Air
Conditioner
- LCD TV
- Factory Shed
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 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. 63.14 |
|
UK Pound |
1 |
Rs. 100.48 |
|
Euro |
1 |
Rs. 84.36 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
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 |
|
28 |
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.