|
Report Date : |
04.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
THEME LIGHTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
902/A, 9th Floor, Shri Vaastu Siddhi CHS Limited, Shri Vaastu
Enclave, Pump House, Andheri East, Mumbai – 400093, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Date of
Incorporation : |
10.09.2013 |
|
|
|
|
Com. Reg. No.: |
248031 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH2013PTC248031 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECT7621F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Import and Trading
of all type of LED Lights. |
|
|
|
|
No. of Employees
: |
2 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New Business |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new company incorporated during 10/09/2013, and it is
establishing itself gradually. Ms. Sonika, Accounts Department has provided general information and
also informed that company has started its activity from November, 2013. Trade relations are improving. Business is active. Payment terms are
unknown. The company can be considered for business dealing on a safe and
secured 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.
ECGC Country Risk Classification List – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
India’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product from
$31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in exports
and moderation in gold imports. Manufacturing activity and new orders in India
showed their strongest growth in a year in February. The news comes as a relief
after data showed Asia’s third largest economy grew by a slower-than-expected
4.7 % annually in the three months through December. The HSBC Manufacturing
Purchasing Managers’ Index which gauges the business activity of India’s
factories but not its’ utilities, rose to 52.5 in February, its highest in a
year from 51.4 in January. Overall new orders for factory goods which rose to a
one-year high of 54.9 contributed to the surge. China has emerged as India’s
biggest trading partner in the current financial year replacing the United Arab
Emirates and pushing it to the third spot. India-China trade has reached $49.5
billion with a 8.7 % share in India’s total trade. The US comes second at $46
billion with 8.1 % share during the first nine months of the current financial
year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs.500 and
Rs.1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
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 : |
Ms. Sonika |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-67085549 |
|
Date : |
01.04.2014 |
LOCATIONS
|
Registered Office : |
902/A, 9th Floor, Shri Vaastu Siddhi CHS Limited, Shri Vaastu
Enclave, Pump House, Andheri East, Mumbai – 400093, Maharashtra, India |
|
Tel. No.: |
91-22-67085549 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Rented |
DIRECTORS
|
Name : |
Mr. Pradeep
Tikamdas Bodhani |
|
Designation : |
Director |
|
Address : |
Shop No.5, Ground Floor,
Mauli Complex, Jawahar Colony Road, Vishnu Nagar, Aurangabad – 431005,
Maharashtra, India |
|
Date of Birth/Age : |
07.05.1976 |
|
Qualification : |
B.Com |
|
Experience : |
37 Years |
|
|
|
|
Name : |
Mr. Ashok Bherumal Rohara |
|
Designation : |
Director |
|
Address : |
Shop No.56-B, Sindhi
Colony, Jalna Road, Aurangabad, Maharashtra, India |
|
Date of Birth/Age : |
24.04.1974 |
|
Qualification : |
B. Com |
|
Experience : |
20 years |
|
|
|
|
Name : |
Mrs. Purva Vijay Nihalani |
|
Designation : |
Director |
|
Address : |
A-902, Shri Vaastu
Siddhi CHSL, Vastu Encla, Off R Jijabai Road, Pump House, Andheri (East),
Mumbai-400069, Maharashtra, India |
|
Date of Birth/Age : |
07.07.1978 |
|
DIN No.: |
05010571 |
KEY EXECUTIVES
|
Name : |
Ms. Sonika |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 26.11.2013)
|
Name of
Shareholders |
|
No of
Shares |
|
|
|
|
|
Purva Vijay Nihalani |
|
400 |
|
Pradeep Tikamdas Bodhani |
|
4800 |
|
Ashok Bherumal Rohra |
|
4800 |
|
|
|
|
|
Total |
|
10000 |
(AS ON 26.11.2013)
|
Name of
Allottees |
|
No of Shares
Allotted |
|
|
|
|
|
Purva Vijay Nihalani |
|
149600 |
|
Pradeep Tikamdas Bodhani |
|
70200 |
|
Ashok Bherumal Rohra |
|
70200 |
|
|
|
|
|
Total
|
|
290000 |
BUSINESS DETAILS
|
Line of Business : |
Import and
Trading of all type of LED Lights. |
|
|
|
|
Products : |
· LED Components · LED Lights · LED Housing Lamps · LED Tube Light · LED Spot Light · LED Down Light · LED Industrial Light · LED High Bay Light · LED Flood Light · LED Street Light · LED Strip Light · LED Component · LED Surface Pannel ·
LED Slim Pannel |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (30 days) |
GENERAL INFORMATION
|
Suppliers : |
· Indra Trading · Red Moments |
|
|
|
|
Customers : |
Wholesalers · Vijay Light House · Madhu Electricals · Veena Electricals |
|
|
|
|
No. of Employees : |
2 (Approximately) |
|
|
|
|
Bankers : |
·
Axis Bank ·
Bank of India Jamshedji Tata Road, Eros Building, Churchgate, Mumbai – 400020,
Maharashtra, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Available |
CAPITAL STRUCTURE
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs.3.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs.3.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[All figures are
in Rupees Millions]
NEW BUSINESS
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 |
No |
|
12] |
Profitability for last three years |
No |
|
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 |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
No |
|
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 |
No |
------------------------------------------------------------------------------------------------------------------------------
ASSESMENT OF WORKING CAPITAL REQUIREMENTS
OPERATING STATEMENT
(RS. IN MILLIONS)
|
Sr. No. |
|
Particulars |
|
Estimated 2013-14 |
Projection 2014-15 |
Projection 2015-16 |
|
|
|
|||||
|
1 |
GROSS SALES |
|
||||
|
|
i) |
Sales |
|
|||
|
|
a)
Domestic Sales |
|
19.000 |
75.000 |
80.000 |
|
|
|
b)
Export Sales |
|
- |
- |
- |
|
|
|
c) Sub-total [a+b] |
|
19.000 |
75.000 |
80.000 |
|
|
|
d)
%age rise (+) or fall (-) in net sales as compared to previous year |
|
0.00% |
294.74% |
6.67% |
|
|
|
Total |
|
19.000 |
75.000 |
80.000 |
|
|
|
|
|||||
|
|
ii) |
Other income |
|
|||
|
|
a)Duty
drawback |
|
- |
- |
- |
|
|
|
b)Cash
assistance |
|
- |
- |
- |
|
|
|
c)Commission/Brokerage/interest |
|
- |
- |
- |
|
|
|
d) Sub-total [a+b+c] |
|
- |
- |
- |
|
|
|
|
|||||
|
|
Total
[i] + [ii] |
|
19.000 |
75.000 |
80.000 |
|
|
|
|
|||||
|
2 |
COST OF SALES |
|
||||
|
|
i) |
Purchases |
|
17.000 |
48.105 |
52.112 |
|
|
Imported |
|
17.000 |
48.105 |
52.112 |
|
|
|
Domestic |
|
-- |
-- |
-- |
|
|
|
ii) |
Other
trading expenses [Process charges, carriage inward, comm, and brokerage on
purchases etc] |
|
5.000 |
15.737 |
16.786 |
|
|
iii) |
Sub-total [i + ii] |
|
22.000 |
63.842 |
68.898 |
|
|
|
|
|
|
|
|
|
|
iv) |
Add:
Opening stock |
|
-- |
8.500 |
9.226 |
|
|
v) |
Sub-total
[iii + iv] |
|
22.000 |
72.342 |
78.124 |
|
|
vi) |
Less:
Closing Stock |
|
8.500 |
9.226 |
10.708 |
|
|
vii) |
Sub-total
[Total cost of sales] [v - vi] |
|
13.500 |
63.116 |
67.416 |
|
|
|
|||||
|
3 |
Selling,
General and Administrative Expenses (including bonus payments) |
|
4.000 |
5.789 |
6.175 |
|
|
|
|
|||||
|
4 |
Operating
Profit before interest and Depreciation [1(iii)-2(vii)-3] |
|
1.500 |
6.094 |
6.409 |
|
|
|
|
|||||
|
5 |
INTEREST
Exps.-CC Charges |
|
0.525 |
2.100 |
2.100 |
|
|
|
-Other Loans |
|
- |
- |
- |
|
|
|
|
|
|
|||
|
6 |
DEPRECIATION |
|
0.038 |
0.144 |
0.123 |
|
|
|
|
|||||
|
7 |
Operating
profit after interest and depreciation [4-5-6] |
|
0.938 |
3.850 |
4.186 |
|
|
|
|
|||||
|
8 |
(i)
Add other non-operating income |
|
-- |
-- |
-- |
|
|
|
Subtotal (income) |
|
-- |
-- |
-- |
|
|
|
|
|||||
|
|
(ii)
Deduct other non-operating expense |
|
||||
|
|
(a)
Directors Remuneration |
|
-- |
-- |
-- |
|
|
|
(b)
Interest on Partners' capital |
|
-- |
-- |
-- |
|
|
|
|
|||||
|
|
Subtotal (expenses) |
|
-- |
-- |
-- |
|
|
|
|
|||||
|
|
(iii)
Net of other non-operating incomes/ expenses (net of 8(i) & 8(ii)) |
|
-- |
-- |
-- |
|
|
|
|
|||||
|
9 |
Profit
before tax/loss (7+8(iii)) |
|
0.938 |
3.850 |
4.186 |
|
|
|
|
|||||
|
10 |
Provision
for tax |
|
0.290 |
1.190 |
1.293 |
|
|
|
|
|||||
|
11 |
Net
profit / (loss)[9-10] |
|
0.648 |
2.660 |
2.892 |
|
|
|
|
|||||
|
12 |
(i)
Equity dividend paid/ Drawings |
|
-- |
-- |
-- |
|
|
|
(ii)
Dividend Rate |
|
-- |
-- |
-- |
|
|
|
|
|||||
|
13 |
Retained
Profit[11-12] |
|
0.648 |
2.660 |
2.892 |
|
|
|
|
|||||
|
14 |
Retained
profit / Net Profit (%age) |
|
100% |
100% |
100% |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(RS. IN MILLIONS)
|
Sr. No. |
Particulars |
|
Estimated 2013-14 |
Projection 2014-15 |
Projection 2015-16 |
|
|
|
||||
|
|
CURRENT LIABILITIES |
|
|||
|
1 |
Short
term borrowings from bank (incl. Bills purchased, discounted & excess
borrowings placed on repayment basis) |
|
|||
|
|
(i)
From applicant bank |
|
15.000 |
15.000 |
15.000 |
|
|
(ii)
From other banks |
|
-- |
-- |
-- |
|
|
(iii)
of which EP & BD |
|
-- |
-- |
-- |
|
|
|
||||
|
|
Sub Total (A) |
|
15.000 |
15.000 |
15.000 |
|
|
|
||||
|
2 |
Short
term borrowings from others |
|
-- |
-- |
-- |
|
|
|
||||
|
3 |
Sundry
Creditors - Trade |
|
-- |
-- |
-- |
|
|
|
||||
|
4 |
Advance
payments from customers/deposits from dealers |
|
-- |
-- |
-- |
|
|
|
||||
|
5 |
Provision
for Taxation |
|
0.290 |
1.190 |
1.293 |
|
|
|
||||
|
6 |
Dividend
Payable |
|
-- |
-- |
-- |
|
|
|
||||
|
7 |
Other
statutory liabilities (due within one year) |
|
-- |
-- |
-- |
|
|
|
||||
|
8 |
Deposits/Instalments
of term loan/DPGs/ Debentures etc.(due within one year) |
|
-- |
-- |
-- |
|
|
|
||||
|
9 |
Other
current liabilities and Provisions (due within one year) |
|
-- |
-- |
-- |
|
|
|
||||
|
|
Sub Total (B) |
|
0.290 |
1.190 |
1.293 |
|
|
|
||||
|
10 |
Total Current Liabilities [total of 1 to 9] |
|
15.290 |
16.190 |
16.293 |
|
|
|
|
|||
|
|
TERM LIABILITIES |
|
|||
|
11 |
Debentures
(not maturing within one year) |
|
-- |
-- |
-- |
|
|
|
||||
|
12 |
Preference
Shares (redeemable after one year) |
|
-- |
-- |
-- |
|
|
|
||||
|
13 |
Term
loans (excluding instalments payable within one year) |
|
-- |
-- |
-- |
|
|
|
||||
|
14 |
Differed
Payment Credits (excl. instalments due within one year) |
|
-- |
-- |
-- |
|
|
|
||||
|
15 |
Term
deposits (repayable after one year) |
|
-- |
-- |
-- |
|
|
|
||||
|
16 |
Other
term liabilities |
|
|||
|
|
(a)
Unsecured loans |
|
2.500 |
2.500 |
2.500 |
|
|
|
||||
|
17 |
Total
term liabilities (Total of 11 to 16) |
|
2.500 |
2.500 |
2.500 |
|
|
|
||||
|
18 |
Total
Outside Liabilites [10+17] |
|
17.790 |
18.690 |
18.793 |
|
|
|
||||
|
|
NET WORTH |
|
|||
|
|
|
||||
|
19 |
Share
Capital + Share Premium |
|
0.100 |
3.000 |
3.000 |
|
|
|
||||
|
20 |
Addition |
|
-- |
-- |
-- |
|
|
|
||||
|
21 |
Share
Application Money |
|
2.900 |
-- |
-- |
|
|
|
||||
|
22 |
Quasi
Capital |
|
-- |
-- |
-- |
|
|
|
||||
|
23 |
Surplus
(+) or deficit (-) in Profit & Loss Account |
|
0.648 |
3.308 |
6.200 |
|
|
|
||||
|
24 |
Net
worth |
|
3.648 |
6.308 |
9.200 |
|
|
|
||||
|
25 |
TOTAL
LIABILITIES [18+24] |
|
21.438 |
24.998 |
27.994 |
|
|
|
|
|||
|
|
CURRENT ASSETS |
|
|||
|
|
|
||||
|
26 |
Cash
& Bank balances |
|
0.500 |
0.525 |
0.550 |
|
|
|
||||
|
|
Fix
Deposits |
|
-- |
-- |
-- |
|
|
|
||||
|
28 |
Receivables |
|
6.497 |
7.557 |
8.330 |
|
|
|
||||
|
30 |
Inventories |
|
|||
|
|
(i)
Raw materials (including stores and other items in process of manufacture) |
|
|||
|
|
(a)
Imported |
|
-- |
-- |
-- |
|
|
(b)
Indigenous |
|
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
(ii)
Stock-in-Transit |
|
3.778 |
5.272 |
5.711 |
|
|
|
|
|
|
|
|
|
(iii)
Other consumable stores |
|
|||
|
|
(a)
Imported |
|
-- |
-- |
-- |
|
|
(b)
Indigenous |
|
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
(iv)
Finished Goods |
|
8.500 |
9.226 |
10.708 |
|
|
|
||||
|
31 |
Advance
to suppliers of Raw materials and stores/spares |
|
1.000 |
1.200 |
1.400 |
|
|
|
||||
|
32 |
Advance
payment of taxes |
|
-- |
-- |
-- |
|
|
|
||||
|
33 |
Other
current assets |
|
0.200 |
0.400 |
0.600 |
|
|
|
||||
|
34 |
Total Current asset [Total 26 to 33] |
|
20.475 |
24.179 |
27.298 |
|
|
|
||||
|
|
FIXED ASSETS |
|
|||
|
|
|
||||
|
35 |
Gross
Block (land & building machinery vehicles work-in-progress) |
|
1.000 |
1.000 |
1.000 |
|
|
|
||||
|
36 |
Depreciation
to date |
|
0.038 |
0.182 |
0.305 |
|
|
|
||||
|
37 |
NET BLOCK (35-36) |
|
0.963 |
0.818 |
0.695 |
|
|
|
||||
|
38 |
Investments/book
debts /advances deposits which are not current assets |
|
-- |
-- |
-- |
|
|
|
||||
|
|
i.(a)Investments
in subsidiary companies/ affiliates |
|
-- |
-- |
-- |
|
|
(b)Others |
|
-- |
-- |
-- |
|
|
|
||||
|
|
ii.
Advances to suppliers of capital goods and contractors |
|
-- |
-- |
-- |
|
|
|
||||
|
|
iii.
Deferred receivables (maturity
exceeding one year) |
|
-- |
-- |
-- |
|
|
|
|
|||
|
|
iv.
Others |
|
-- |
-- |
-- |
|
|
|
|
|||
|
39 |
Non
consumables stores & spare |
|
-- |
-- |
-- |
|
|
|
||||
|
40 |
Other
non-current assets (incl. Dues from director) |
|
-- |
-- |
-- |
|
|
|
||||
|
41 |
Total
other non-current assets (Total of 38 to 40) |
|
-- |
-- |
-- |
|
|
|
||||
|
42 |
Intangible
assets (patents, goodwill, prelim, expenses, bad/ doubtful debts not provided
for etc.) |
|
-- |
-- |
-- |
|
|
|
||||
|
43 |
TOTAL
ASSETS (Total
of 34,37,41 & 42) |
|
21.438 |
24.998 |
27.994 |
|
|
|
||||
|
44 |
Tangible
net worth (24-42) |
|
3.648 |
6.308 |
9.200 |
|
|
|
||||
|
45 |
Net
working Capital [(17+24)-(37+41+42)] Totally with (34-10) |
|
5.185 |
7.990 |
11.005 |
|
|
|
||||
|
46 |
Current
Ratio [34/10] |
|
1.34 |
1.49 |
1.68 |
|
|
|
||||
|
47 |
Total
outside liabilities / Net worth
(18/44) |
|
4.88 |
2.96 |
2.04 |
|
|
Quasi
Total outside liabilities / Net worth |
|
2.49 |
1.84 |
1.39 |
------------------------------------------------------------------------------------------------------------------------------
FUND FLOW STATEMENT
(RS. IN MILLIONS)
|
Sr No |
PARTICULARS |
|
Projection 2014-15 |
Projection 2015-16 |
|
|
|
|
||
|
1 |
Sources |
|
||
|
|
[a] Net profit (after tax) |
|
2.660 |
2.892 |
|
|
[b] Depreciation |
|
0.144 |
0. 123 |
|
|
Partners' Salary & interest |
|
- |
- |
|
|
[c] Increase in Capital |
|
- |
- |
|
|
[d] Increased in Term Liab. (incl. Public
deposits) |
|
- |
- |
|
|
[e] Decrease in |
|
||
|
|
[i] Fixed Assets |
|
- |
- |
|
|
[ii] Other non-current Assets |
|
- |
- |
|
|
[f] Others (Unsecured Loans) |
|
- |
- |
|
|
[g] Total |
|
2.805 |
3.015 |
|
|
|
|
||
|
2 |
Application |
|
||
|
|
[a] Net Loss |
|
- |
- |
|
|
[b] Decrease in Term Liab. (Incl. Public
deposits) |
|
- |
- |
|
|
[c] Increase in |
|
||
|
|
[i] Fixed Assets |
|
- |
- |
|
|
[ii]
Other non-current Assets |
|
- |
- |
|
|
[d] Withdrawals |
|
- |
- |
|
|
[e] Others (Unsecured loans) |
|
- |
|
|
|
[f] Total |
|
- |
- |
|
|
|
|
||
|
3 |
Long Term Surplus (+)
/ Deficit (-) (1 minus 2) |
|
2.805 |
3.015 |
|
|
|
|
||
|
4 |
+ /
(-) in current assets |
|
3.704 |
3.119 |
|
|
|
|
||
|
5 |
+ /
(-) in current Liabilities other than bank borrowings |
|
0.900 |
0.104 |
|
|
|
|
||
|
6 |
+ /
(-) in working capital Gap |
|
2.805 |
3.015 |
|
|
|
|
||
|
7 |
Net Surplus (+) / deficit
(-) (Difference of 3 & 6) |
|
- |
- |
|
|
|
|
||
|
8 |
+ /
(-) in Bank Borrowings |
|
- |
- |
|
|
|
|
||
|
|
* Break up of (4) |
|
||
|
|
|
|
||
|
|
[i]
+ / (-) in Raw material |
|
- |
- |
|
|
[ii]
+ / (-) in Stock in process |
|
1.494 |
0.439 |
|
|
[iii]
+ / (-) in finished goods |
|
0.726 |
1.482 |
|
|
[iv]
+ / (-) in Receivables |
|
1.060 |
0.773 |
|
|
[a] Domestic |
|
||
|
|
[b] Export |
|
-- |
-- |
|
|
[iii]
+ / (-) in stores & spares |
|
||
|
|
[iii]
+ / (-) in other Current Assets |
|
0.425 |
0.425 |
|
|
Total |
|
3.704 |
3.119 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE STATEMENT OF CURRENT ASSETS
& CURRENT LIABILITIES
(RS. IN MILLIONS)
|
Sr. No. |
Particulars |
|
Estimated 2013-14 |
Projection 2014-15 |
Projection 2015-16 |
|
|
|
||||
|
|
A. CURRENT ASSETS: |
|
|||
|
1 |
Cash & Bank Balances |
|
0.500 |
0.525 |
0. 550 |
|
|
|
||||
|
2 |
Investments
(other than long term investments) |
|
|||
|
|
(i)
Government & other Trustee securities |
|
- |
||
|
|
(ii)
Fixed deposits with banks |
|
- |
- |
- |
|
|
|
||||
|
3 |
(i)
Receivables other than deferred & exports (incl. Bills purchased &
discounted by banks) |
|
6.497 |
7.557 |
8.330 |
|
|
(ii)
Export receivable (incl. Bills purchased & discounted by banks) |
|
- |
- |
- |
|
|
|
||||
|
4 |
Instalments
of deferred receivable (due within one year) |
|
- |
- |
- |
|
|
|
||||
|
5 |
Inventories |
|
|||
|
|
(i)
Raw materials (including stores and other items in process of manufacture) |
|
|||
|
|
(a)
Imported |
|
- |
- |
- |
|
|
(b)
Indigenous |
|
- |
- |
- |
|
|
|
|
|
|
|
|
|
(ii)
Stock-in-process |
|
3.778 |
5.272 |
5.711 |
|
|
|
|
|
|
|
|
|
(iii)
Other consumable stores |
|
- |
- |
- |
|
|
(a)
Imported |
|
- |
- |
- |
|
|
(b)
Indigenous |
|
- |
- |
- |
|
|
|
|
|
|
|
|
|
(iv)
Finished Goods |
|
8.500 |
9.226 |
10.708 |
|
|
|
||||
|
6 |
Advance
to suppliers of Raw materials & stores/spares |
|
1.000 |
1.200 |
1.400 |
|
|
|
||||
|
7 |
Advance
payment of taxes |
|
- |
- |
- |
|
|
|
||||
|
8 |
Other
current assets |
|
0.200 |
0.400 |
0.600 |
|
|
|
||||
|
9 |
Total Current Assets
[1 to 8] |
|
20.475 |
24.179 |
27.298 |
|
|
|
||||
|
|
(To agree with item 34 in Form III) |
|
20.475 |
24.179 |
27.298 |
|
|
|
||||
|
|
B. CURRENT
LAIBILITES (Other than bank borrowings for working capital) |
|
|||
|
10 |
Short term borrowings from others |
|
- |
- |
- |
|
|
|
||||
|
11 |
Sundry Creditors - Trade |
|
- |
- |
- |
|
|
|
||||
|
12 |
Advance
payments from customers/deposits from dealers |
|
- |
- |
- |
|
|
|
||||
|
13 |
Provision for Tax |
|
0.290 |
1.190 |
1.293 |
|
|
|
||||
|
14 |
Dividend
Payable |
|
- |
- |
- |
|
|
|
||||
|
15 |
Other
statutory liabilities (due within one year) |
|
- |
- |
- |
|
|
|
||||
|
16 |
Deposits/Instalments
of term loan/DPGs/ Debentures etc.(due within one year) |
|
- |
- |
- |
|
|
|
||||
|
17 |
Other
current liabilities and Provisions (due within one year) |
|
- |
- |
- |
|
|
|
||||
|
18 |
Total Current
Liabilities [10 to 17] |
|
0. 290 |
1.190 |
1.293 |
|
|
|
||||
|
|
(To agree with sub-total B-Form III) |
|
0.290 |
1.190 |
1.293 |
|
Current Ratio |
70.68 |
20.33 |
21.11 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF MAXIMUM PERMISSIBLE BANK
FINANCE FOR WORKING CAPITAL
(RS. IN MILLIONS)
|
Sr No. |
Particulars |
|
Estimated 2013-14 |
Projection 2014-15 |
Projection 2015-16 |
|
1 |
Total Current Assets (Form IV) |
|
20.475 |
24.179 |
27.298 |
|
|
|
||||
|
2 |
Other Current Liabilities (other than bank
borrowings) (14 of Form IV) |
|
0.290 |
1.190 |
1.293 |
|
|
|
||||
|
3 |
Working Capital Gap (WCP) (1-2) |
|
20.185 |
22.990 |
26.005 |
|
|
|
||||
|
4 |
Minimum stipulated net working Capital -
25% of total current assets other than Export Receivables (as at 28(ii) of
form III) |
|
5.119 |
6.045 |
6.825 |
|
|
|
||||
|
5 |
Actual/projected net working capital (45 in
form III) |
|
5.185 |
7.990 |
11.005 |
|
|
|
||||
|
6 |
Item 3 minus item 4 |
|
15.067 |
16.945 |
19.180 |
|
|
|
||||
|
7 |
Item 3 minus item 5 |
|
15.000 |
15.000 |
15.000 |
|
|
|
||||
|
8 |
Maximum permissible bank finance (item 6 or
7 whichever is less) |
|
15.000 |
15.000 |
15.000 |
|
|
|
||||
|
9 |
Excess borrowings, if any representing
short fall in NWC (4-5) |
|
- |
- |
- |
------------------------------------------------------------------------------------------------------------------------------
FINANCIAL RATIO
(RS. IN MILLIONS)
|
Particulars |
Estimated 2013-14 |
Projection 2014-15 |
Projection 2015-16 |
|
|
|
|
|
|
|
|
a) |
Paid up Capital |
0.100 |
3.000 |
3.000 |
|
b) |
Tangible Net worth |
3.648 |
6.308 |
9.200 |
|
c) |
Investment in cos |
- |
- |
- |
|
(Of which in group cos) |
||||
|
d) |
Adjusted TNW |
3.648 |
6.308 |
9.200 |
|
e) |
Net Block |
0.963 |
0.818 |
0.695 |
|
f) |
Net sales :
|
19.000 |
75.000 |
80.000 |
|
g) |
Other Income |
- |
- |
- |
|
h) |
EBIDTA |
1.500 |
6.094 |
6.409 |
|
i) |
Interest |
0.525 |
2.100 |
2.100 |
|
j) |
Gross Profit/(Loss) |
0.900 |
3.705 |
4.063 |
|
k) |
Taxes |
0.290 |
1.190 |
1.293 |
|
l) |
Cash Accruals |
0.685 |
2.805 |
3.015 |
|
m) |
Depreciation |
0.038 |
0.144 |
0.123 |
|
n) |
Net Profit/(Loss) |
0.648 |
2.660 |
2.892 |
|
o) |
Current Assets |
20.475 |
24.179 |
27.298 |
|
p) |
Current Liabilities |
15.290 |
16.190 |
16.293 |
|
|
|
|
|
|
|
q) |
RATIOS : |
|||
|
r) |
Current ratio |
1.34 |
1.49 |
1.68 |
|
|
|
|
|
|
|
Debt/Equity : |
||||
|
s) |
Term Liabilities / Adjusted TNW |
0.69 |
0.40 |
0.27 |
|
|
|
|
|
|
|
t) |
TOL/ Adjusted TNW |
4.88 |
2.96 |
2.04 |
|
TOL/Quasi Equity |
4.88 |
2.96 |
2.04 |
|
|
Profitability%: PBT/Net Sales |
4.93% |
5.13% |
5.23% |
|
|
Interest Coverage |
2.86 |
2.90 |
3.05 |
|
|
|
|
|
|
|
|
u) |
Inventory + Receivables/ Sales (%) |
99% |
29% |
31% |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF NET WORTH
MR. ASHOK B. ROHARA AS ON
31.03.2013
(RS. IN MILLIONS)
|
Particulars |
Amount |
|
ASSETS |
|
|
1. Immovable
Assets |
|
|
Fixed Assets |
0.000 |
|
Sub-Total |
0.000 |
|
|
|
|
2. Movable
Assets |
|
|
Fixed Assets |
0.295 |
|
Invetsment |
0.286 |
|
Current Assets |
5.190 |
|
Loans and
Advances |
0.200 |
|
Sub Total |
5.971 |
|
|
|
|
3. TOTAL ASSETS
(1+2) |
5.971 |
|
|
|
|
4.LIABILITIES |
|
|
Secured Loans |
3.359 |
|
Unsecured Loans |
1.395 |
|
Sundry Creditors
|
0.756 |
|
Other Provision |
0.221 |
|
|
|
|
TOTAL
LIABILITIES |
5.731 |
|
|
|
|
NET WORTH (3-4) |
0.240 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF NET WORTH
MR. PRADEEP BODHANI AS ON
31.03.2013
(RS. IN MILLIONS)
|
Particulars |
Amount |
|
ASSETS |
|
|
1. Immovable
Assets |
|
|
Fixed Assets |
0.000 |
|
Sub-Total |
0.000 |
|
|
|
|
2. Movable
Assets |
|
|
Fixed Assets |
0.075 |
|
Invetsment |
0.000 |
|
Current Assets |
2.810 |
|
Loans and
Advances |
0.000 |
|
Sub Total |
2.885 |
|
|
|
|
3. TOTAL ASSETS
(1+2) |
2.885 |
|
|
|
|
4.LIABILITIES |
|
|
Secured Loans |
0.000 |
|
Unsecured Loans |
0.800 |
|
Sundry Creditors
|
1.122 |
|
Other Provision |
0.012 |
|
|
|
|
TOTAL
LIABILITIES |
1.934 |
|
|
|
|
NET WORTH (3-4) |
0.951 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF NET WORTH
MRS. PURVA VIJAY NIHALANI
AS ON 31.03.2013
(RS. IN MILLIONS)
DETAILS OF ASSETS
IMMOVABLE PROPERTY
|
Assets |
Own/ Joint Name |
Location address
|
Present Value |
Whether
Encumbered |
|
Commercial |
-- |
-- |
-- |
-- |
|
Residential |
Own (Joint Ownership) |
Flat at Dombivali |
7.000 |
No |
|
|
|
Residential Flat at Andheri, Mumbai (50%) |
7.000 |
No |
|
|
|
Residnetial Flat at Malad, Mumbai (50%) |
7.500 |
No |
MOVABLE PROPERTY
JEWELLARY
|
Particulars |
Valuations |
|
Jewellary |
0.625 |
|
|
|
|
Total |
0.625 |
OTHER INVESTMENTS/
ASSETS
Cash and Bank –
Rs.15.000 Millions
Deposits and Advances –
Rs.43.500 Millions
|
TOTAL ASSETS |
Rs.121.000 Millions |
DETAILS OF
LIABILITIES
|
Borrowed from |
Purpose of Loan |
Outstanding
Balance |
|
|
|
|
|
Secured Loan |
Housing Loan from ICICI Bank (50%) |
290.000 |
|
Unsecured Loan |
|
0.000 |
|
Other Current Liabilities |
|
0.000 |
|
|
|
|
|
TOTAL
LIABILITIES |
290.000 |
|
|
NET WORTH |
RS.1981.000 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT OF IMMOVABLE PROPERTY
|
Purpose for which valuation is made |
For assessment of fair market value of the
property for bank purpose |
|
|
|
|
Date as on which valuation is made |
20.11.2013 |
|
|
|
|
Name of the Purchaser |
Mrs. Purva Vijay Nihalani |
|
|
|
|
If the property is under joint ownership/ Co-ownership
share of each such owner, are the shares undivided? |
Sole Ownership |
|
|
|
|
Brief Description of property |
Flat No.603 and 604, 6th Floor, C
Wing, Maghiferra – C Building, (Under Construction), Casa Bella Gold Project,
Near Khidkaleshwar Temple, Kalyan Shil Phata Road, Nilje Dombivali (E),
Thane, Maharashtra |
|
|
|
|
Location, Street, Ward No |
Survey No.4/3, 12/9A, 7/1A, 8/7A and
185/10A, 185/10B, Village Nilke, Taluka Kalyan District Thane |
|
|
|
|
Is the property situated in residential/
Commercial/ Mixed area/ Industrial area? |
Residential area |
|
|
|
|
Classification of Locality – High Class/
Middle Class/ Poor Class |
Middle Class |
|
|
|
|
Proximity
to civic amenities, like schools, hospitals,
office, markets, cinemas, etc. |
Available
within 2 - 3 kms. |
|
|
|
|
Means
and Proximity to surface communication by which the locality is served |
Nearest
Railway Station is Dombivali (C. Rly.) Buses,
auto are easily available from the
station near to I up to
the particular locality. The site is well connected by roads. |
|
|
|
|
Area of land supported by documentary proof,
shape, dimensions and physical feature. |
Valuation for flat admeasuring Carpet area = Flat No.603 = 442 sq. fts. = Flat No.604 = 442 sq. fts. Built up area = Flat No.603= 530 sq. ft. = Flat No.604 = 530 sq. fts. Therefore total built up area is works out
1060 sq. fts. or thereabout |
|
|
|
|
Does the land fall in an area included in
any Town Planning Scheme
or any Development plan of government or any statutory body? If so, give
particulars. |
Within the jurisdiction of KDMC |
|
|
|
|
Furnish
technical details of the building on a separate sheet |
Building
under construction |
|
|
|
|
Is
the building owner Occupied I tenanted/ both? |
Building
under construction |
|
|
|
|
If
Partly owner- occupied, specify portion and extent of area under owner-
occupation |
Building
under construction |
|
|
|
|
What
is the Floor Space Index Permissible and percentage actually utilized? |
As
permissible by KDMC rules and regulation. |
|
|
|
|
Has
the tenant to bear the whole or part of the cost of repairs and maintenance?
Give particulars |
Building
under construction. |
|
|
|
|
Give
instance of sales
of immovable property in the locality on the separated sheet,
indicating the name and address of the property, registration No, sale price
and area of land sold |
Adopting the 'Comparable
Sale Method' of valuation and based
on Information
gathered and survey done, the
fair market rates are
found to be varying anything around Rs.6,000/- per sq. ft. in and around the
locality for similar type of premises on built up area basis in newly
constructed buildings. |
|
|
|
|
Year
of commencement of construction and year of completion |
2012 - 14 or thereabout. |
|
Part II –
Valuation The market value of the flat would be as A] Value of the Flat after completion = 1060
sq. fts. x Rs.6,000/- per sq. fts. = Rs.6.360 Millions Value of the flat based on the stage of
construction which is about 60% = Rs.3.816 Millions |
|
|
TECHNICAL DETAILS |
|
|
No
of Floors and height of each floor |
Tentatively S + 8 Storied building |
|
|
|
|
Plinth
area floor wise (As per IS 3861- 1966) |
Built up Area = Flat No.603 = 530 sq. fts. Flat No.604= 530 sq. fts. |
|
|
|
|
Year
of Construction |
2012-14 or thereabout |
|
|
|
|
Estimated
future life. |
55 years (After completion) or thereabout. (with proper maintenance and care) |
|
|
|
|
Type
of construction (load
bearing walls / R.C.C frame/ steel frame) |
R.C.C. Framed structure (5th slab work under progress) |
|
|
|
|
Type
of foundations. |
RCC Foundation |
|
|
|
|
Walls (a)
Basement and plinth (b)
Ground floor (c) Superstructure Above
Ground Floor |
230 mm thick burnt brick masonry walls in Cement mortar |
|
|
|
|
Partition
|
115mm thick burnt brick masonry walls in
cement mortar |
|
|
|
|
Door
and Windows (Floor wise) |
Building under construction |
|
|
|
|
Flooring
(Floor wise) (a)
Ground floor (b)
6th Floor |
Building under construction |
|
|
|
|
Finishing
(Floor-wise) (a)
Ground floor (b)
1st floor (c)
6th floor |
Building under construction |
|
|
|
|
Roofing
and terracing |
Building under construction |
|
|
|
|
Special
architectural or decorative features, if any |
NA |
|
|
|
|
Sanitary
installations |
Building under construction |
|
|
|
|
Class
of fittings superior coloured/ superior white / Ordinary |
Building under construction |
|
|
|
|
Underground
sump, capacity and type of construction |
Building under construction |
|
|
|
|
Overhead
tank |
Building under construction |
|
|
|
|
Pump
No and their horse power |
Building under construction |
|
|
|
|
Road
and paving within the compound. |
Building under construction |
|
|
|
|
Sewage
disposal whether connected to Public sewers if septic tank |
Building under construction |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT OF IMMOVABLE PROPERTY
|
Purpose for which valuation is made |
For assessment of fair market value of the property
for bank purpose |
|
|
|
|
Date as on which valuation is made |
02.11.2013 |
|
|
|
|
Name of the Purchaser |
Mr. Mahesh Prakashchand Kinger |
|
|
|
|
If the property is under joint ownership/ Co-ownership
share of each such owner, are the shares undivided? |
Sole Ownership |
|
|
|
|
Brief Description of property |
Flat No.104, First Floor, C Wing, Avirahi
Building Near Srishti Complex, Prem Nagar, Mira Road (E), Thane 401107,
Maharashtra, India |
|
|
|
|
Location, Street, Ward No |
New S. No.24, Old S No.153, Village Mira,
District Thane, Maharashtra, India |
|
|
|
|
Is the property situated in residential/
Commercial/ Mixed area/ Industrial area? |
Residential area |
|
|
|
|
Classification of Locality – High Class/
Middle Class/ Poor Class |
Middle Class |
|
|
|
|
Proximity
to civic amenities, like schools, hospitals,
office, markets, cinemas, etc. |
Available
within 1 kms. |
|
|
|
|
Means
and Proximity to surface communication by which the locality is served |
Nearest
Railway Station is Mira Road (W. Rly.) Buses, auto as well as taxis are
easily available from the station near to /up to the particulars locality.
The site is well connected by roads. |
|
|
|
|
Area of land supported by documentary proof,
shape, dimensions and physical feature. |
Valuation for flat admeasuring Carpet area = 470 sq. fts. Saleable Area = 658 sq. fts. or thereabout |
|
|
|
|
Does the land fall in an area included in
any Town Planning
Scheme or any Development plan of government or any statutory body? If so,
give particulars. |
Within the jurisdiction of MBMC |
|
|
|
|
Is
the building owner Occupied I tenanted/ both? |
Owned
Occupied |
|
|
|
|
If
Partly owner- occupied, specify portion and extent of area under owner-
occupation |
Full
|
|
|
|
|
What
is the Floor Space Index Permissible and percentage actually utilized? |
As
permissible |
|
|
|
|
Has
the tenant to bear the whole or part of the cost of repairs and maintenance?
Give particulars |
NA |
|
|
|
|
Give
instance of sales
of immovable property in the locality on the separated sheet, indicating
the name and address of the property, registration No, sale price and area of
land sold |
Adopting the 'Comparable
Sale Method' of valuation and
based on
Information gathered and survey
done, the fair market rates
are found to be varying anything around Rs.7,000/- per sq. ft. in and around
the locality for similar type of flat premises. |
|
|
|
|
Year
of commencement of construction and year of completion |
2009-2012 or thereabout. |
|
Part II –
Valuation The fair market rate of the aforesaid
premise as Rs.7,000/- per sq. fts., resulting into a fair market value of 658 sq. ft. x Rs.7,000/- per sq. ft. =
Rs.4.606 Millions = Rs.4.600 Millions 10% less distress sale value of the
aforesaid premises would be about Rs.4.200 Millions |
|
|
TECHNICAL DETAILS |
|
|
No
of Floors and height of each floor |
S + 15 Storied building |
|
|
|
|
Plinth
area floor wise (As per IS 3861- 1966) |
Carpet Area = 470 sq. fts. Saleable area = 658 sq. fts. or
thereabout |
|
|
|
|
Year
of Construction |
2009-2012 or thereabout |
|
|
|
|
Estimated
future life. |
55 years or thereabout. (with proper maintenance and care) |
|
|
|
|
Type
of construction (load
bearing walls / R.C.C frame/ steel frame) |
R.C.C. Framed structure |
|
|
|
|
Type
of foundations. |
RCC Foundation |
|
|
|
|
Walls (a)
Basement and plinth (b)
Ground floor (c) Superstructure Above
Ground Floor |
230 mm thick burnt brick masonry walls in Cement mortar |
|
|
|
|
Partition
|
115mm thick burnt brick masonry walls in
cement mortar |
|
|
|
|
Door
and Windows (Floor wise) |
Wooden Doors, Aluminum framed glazed sliding
windows. |
|
|
|
|
Flooring
(Floor wise) (a)
Ground floor (b)
1st Floor |
Vitrified tiles flooring |
|
|
|
|
Finishing
(Floor-wise) (a)
Ground floor (b)
1st floor (c)
2nd floor |
Plastered and distempered |
|
|
|
|
Roofing
and terracing |
RCC slab Roofing |
|
|
|
|
Special
architectural or decorative features, if any |
NA |
|
|
|
|
Sanitary
installations No
of Water Closets No
of Lavatory Basins No
of Urinals No
of Sinks No
of Bath tubs No
of Bidets No
of Geysers |
1 1 -- 1 -- -- 1 |
|
|
|
|
Class
of fittings superior
coloured/ superior white / Ordinary |
Ordinary |
|
|
|
|
Compound Wall Height and Length Type of Construction |
About 3’0” all around BB Masonry Walls |
|
|
|
|
No of lifts and capacity |
2nos lifts, 6 persons each |
|
|
|
|
Underground
sump, capacity and type of construction |
RCC underground water tank |
|
|
|
|
Overhead
tank |
RCC Overhead water tank at terrace |
|
|
|
|
Pump
No and their horse power |
As per requirement |
|
|
|
|
Road
and paving within the compound. |
PCC paved compound |
|
|
|
|
Sewage
disposal whether connected to Public sewers if septic tank |
Connected to municipal sewage systems |
------------------------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of
Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service
Request Number (SRN) |
|
1 |
10473906 |
30/12/2013 |
15,000,000.00 |
Bank of India |
JAMSHEDJI
TATA ROAD, EROS BUILDING, CHURCHGATE, |
B94828753 |
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.60.12 |
|
|
1 |
Rs.100.07 |
|
Euro |
1 |
Rs.82.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NIT |
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.