1. Summary Information
|
|
|
Country |
|
|
Company Name |
FUTURE POINT
PRIVATE LIMITED |
Principal Name 1 |
Mrs. Abha Bansal |
|
Status |
Moderate |
Principal Name 2 |
Mr. Anubhav Bansal |
|
|
|
Registration # |
55-027603 |
|
Street Address |
X – 35, Okhla Industrial Area, Phase –II, New Delhi – 110020, India |
||
|
Established Date |
14.04.1987 |
SIC Code |
-- |
|
Telephone# |
91-11-40541001 |
Business Style 1 |
Service Provider |
|
Fax # |
91-11-40541001 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
15
(Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.1,600,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of
directors - 100.00% |
Banking |
Indian Bank |
|
Public Limited Corp. |
No |
Business Period |
27 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B (29) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
4,305,000 |
Current Liabilities |
719,000 |
|
Inventories |
4,490,000 |
Long-term Liabilities |
8,425,000 |
|
Fixed Assets |
5,390,000 |
Other Liabilities |
1,577,000 |
|
Deferred Assets |
000 |
Total Liabilities |
10,721,000 |
|
Invest& other Assets |
000 |
Retained Earnings |
1,864,000 |
|
|
|
Net Worth |
3,464,000 |
|
Total Assets |
14,185,000 |
Total Liab. & Equity |
14,185,000 |
|
Total Assets (Previous Year) |
14,020,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
|
Net Profit |
|
|
Sales(Previous yr) |
15,647,000 |
Net Profit(Prev.yr) |
99,000 |
MIRA INFORM REPORT
|
Report Date : |
07.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
FUTURE POINT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
X – 35, Okhla Industrial Area, Phase –II, New Delhi - 110020 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
14.04.1987 |
|
|
|
|
Com. Reg. No.: |
55-027603 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.1.600 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1987PTC027603 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELF02496E/DELF01001A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS4737E / AAATF1332Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing Online Horoscope and Developing Astrology Software. |
|
|
|
|
No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 14000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company having moderate track record. The company possesses an acceptable financial profile marked by
moderate networth base. Management has reported modest scale of operations along with low
profit margin during 2013. However, trade relations seems to be fair. Business is active. Payment
terms are reported as 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 – 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 : |
Mrs Abha Bansal |
|
Designation : |
Director |
|
Contact No.: |
91-11-40541001 |
|
Date : |
04.04.2014 |
LOCATIONS
|
Registered/ Head Office : |
X – 35, Okhla Industrial Area, Phase –II, New Delhi - 110020, India |
|
Tel. No.: |
91-11-40541001 |
|
Fax No.: |
91-11-40541001 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Branches : |
D – 68, Hauz Khas |
|
Fax No.: |
91-11-40541021 |
|
E-Mail : |
|
|
|
|
|
Branches : |
H 1/A 1, Hauz Khas, |
|
Tel. No.: |
91-11-40541020 |
|
Fax No.: |
91-11-40541021 |
DIRECTORS
As on: 28.09.2013
|
Name : |
Mrs Abha Bansal |
|
Designation : |
Director |
|
Address : |
211, Sidharth Enclave |
|
Date of Appointment : |
01.04.1997 |
|
DIN No.: |
01510985 |
|
|
|
|
Name : |
Mr. Anubhav Bansal |
|
Designation : |
Director |
|
Address : |
211, Sidharth Enclave |
|
Date of Appointment : |
16.09.2011 |
|
DIN No.: |
01512556 |
|
|
|
|
Name : |
Mrs. Tanvi Agarwal |
|
Designation : |
Director |
|
|
D – 4 , Shastri Nagar, Thana Nauchandi, Meerut – 250004, Uttar Pradesh,
India |
|
Date of Appointment : |
28.06.2012 |
|
DIN No.: |
01753584 |
MAJOR SHAREHOLDERS
As on: 28.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Anubhav Bansal |
|
9000 |
|
Abha Bansal |
|
4550 |
|
Arun Bansal |
|
1450 |
|
Deepak Garg |
|
1000 |
|
Total |
|
16000 |
Equity Share Break up (Percentage of Total Equity)
As on: 28.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Online Horoscope and Developing Astrology Software. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Supplier : |
|
|
|
|
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
15 (Approximately) |
|
|
|
|
Bankers : |
|
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
H. C. Agrawal and Associates Chartered Accountant |
|
Address : |
101 – 102, 1st Floor, Rohit House, 3, Tolstoy Marg,
Connaught Place, New Delhi, - 110001, India |
|
Tel. No.: |
91-11-46454545 (40 Lines) |
|
Fax No.: |
91-11-46454548 |
|
PAN No.: |
AAAFH2806F |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000 |
Equity Shares |
Rs.100/- each |
Rs.2.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16000 |
Equity Shares |
Rs.100/-
each |
Rs.1.600
Millions |
|
|
|
|
|
Reconciliation of the
shares outstanding at the beginning and at the end of the reporting period:
(Rs. in Millions)
|
Particulars |
Equity Shares 2013 |
|
|
Number |
Amount |
|
|
Shares outstanding at the beginning of the year |
16000 |
1.600 |
|
Shares Issued during the year |
- |
- |
|
Shares bought back during the year |
- |
- |
|
Shares outstanding at the end of the year |
16000 |
1.600 |
Terms/Rights attached
to shares:
The Company has only one class of equity shares having a par value of Rs. 100 per share. Each shareholder of equity share is entitled to one vote per share.
Disclosure of shareholders
having more than 5% shareholding :
|
Name of Shareholder |
As at 31 March 2013 |
|
|
% of Holding |
No. of Shares held |
|
|
Anubhav Bansal |
56.25 |
9000 |
|
Abha Bansal |
28.44 |
4550 |
|
Arun Kumar Bansal |
9.06 |
1450 |
|
Deepak Garg |
6.25 |
1000 |
No Shares are issued and/or reserve under employee stock option scheme and as bonus/or for consideration other than cash /or bought back during the year.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
|
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
1.600 |
|
(b) Reserves & Surplus |
|
|
1.864 |
|
(c) Money received against share
warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
3.464 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
0.000 |
|
(b) Deferred tax liabilities
(Net) |
|
|
0.384 |
|
(c) Other long term
liabilities |
|
|
0.299 |
|
(d) long-term provisions |
|
|
0.000 |
|
Total
Non-current Liabilities (3) |
|
|
0.683 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
8.425 |
|
(b) Trade payables |
|
|
0.658 |
|
(c) Other current liabilities |
|
|
0.894 |
|
(d) Short-term provisions |
|
|
0.061 |
|
Total
Current Liabilities (4) |
|
|
10.038 |
|
|
|
|
|
|
TOTAL |
|
|
14.185 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
5.390 |
|
(ii) Intangible Assets |
|
|
0.000 |
|
(iii) Capital work-in-progress |
|
|
0.000 |
|
(iv) Intangible assets under
development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
0.000 |
|
(e) Other Non-current assets |
|
|
0.000 |
|
Total
Non-Current Assets |
|
|
5.390 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
4.490 |
|
(c) Trade receivables |
|
|
2.673 |
|
(d) Cash and cash equivalents |
|
|
1.382 |
|
(e) Short-term loans and
advances |
|
|
0.000 |
|
(f) Other current assets |
|
|
0.250 |
|
Total
Current Assets |
|
|
8.795 |
|
|
|
|
|
|
TOTAL |
|
|
14.185 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
1.600 |
1.600 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
1.767 |
1.652 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
3.367 |
3.252 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
9.448 |
0.000 |
|
|
TOTAL BORROWING |
|
9.448 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.343 |
0.276 |
|
|
|
|
|
|
|
|
TOTAL |
|
13.158 |
3.528 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
6.034 |
2.859 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.511 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
4.359
|
4.460
|
|
|
Sundry Debtors |
|
1.912
|
1.590
|
|
|
Cash & Bank Balances |
|
0.901
|
0.835
|
|
|
Other Current Assets |
|
0.081
|
0.000
|
|
|
Loans & Advances |
|
0.733
|
0.749
|
|
Total
Current Assets |
|
7.986
|
7.634
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
0.134
|
2.663
|
|
|
Other Current Liabilities |
|
0.689
|
4.678
|
|
|
Provisions |
|
0.039
|
0.135
|
|
Total
Current Liabilities |
|
0.862
|
7.476
|
|
|
Net Current Assets |
|
7.124
|
0.158
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
13.158 |
3.528 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
16.593 |
15.647 |
15.807 |
|
|
|
Other Income |
3.766 |
2.122 |
2.964 |
|
|
|
TOTAL (A) |
20.359 |
17.769 |
18.771 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
3.114 |
1.929 |
2.961 |
|
|
|
Purchases of Stock-in-Trade |
3.480 |
4.188 |
4.306 |
|
|
|
Manufacturing Expenses |
1.560 |
1.686 |
1.834 |
|
|
|
Changes in inventories of finished goods work-in-progress and Stock-in-Trade |
(0.130) |
0.101 |
(0.335) |
|
|
|
Employee benefits expense |
5.659 |
4.773 |
4.903 |
|
|
|
Other expenses |
5.616 |
4.410 |
4.052 |
|
|
|
Exceptional items |
0.000 |
0.000 |
(0.148) |
|
|
|
TOTAL (B) |
19.299 |
17.087 |
17.573 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1.060 |
0.682 |
3.862 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.120 |
0.031 |
0.284 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.940 |
0.651 |
3.578 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
0.741 |
0.445 |
0.405 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.199 |
0.206 |
3.173 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.101 |
0.107 |
0.068 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.098 |
0.099 |
3.105 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
6.10 |
6.20 |
194.09 |
|
|
|
Diluted |
6.10 |
6.20 |
206.98 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.48
|
0.56
|
16.54 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.20
|
1.32
|
20.07 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.40
|
1.47
|
30.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
0.06
|
0.98 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.43
|
2.81
|
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.88
|
9.26
|
1.02 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
15.807 |
15.647 |
16.593 |
|
|
|
(1.012) |
6.046 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
15.807 |
15.647 |
16.593 |
|
Profit After Tax |
3.105 |
0.099 |
0.098 |
|
|
19.64% |
0.63% |
0.59% |
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 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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
No |
|
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 |
FINANCIAL RESULTS:
The company has earned a Profit of Rs.0.199 Millions (Before tax) as against previous year Profit of Rs. 0.206 Millions (before tax). The directors are hopeful that the company in the forthcoming years will show better results as compared to the current year.
UNSECURED LOAN:
(Rs.
In Millions)
|
Particulars |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances
from related parties |
|
|
|
Abha Bansal |
1.325 |
2.148 |
|
Arun Kumar Bansal |
3.450 |
3.950 |
|
Anubhav Bansal |
0.450 |
0.150 |
|
Tanvi Bansal |
3.200 |
3.200 |
|
Total |
8.425 |
9.448 |
Note: The
registered office of the company has been shifted from 211 Sidharth Enclave, New Delhi - 110014,
India to present address w.e.f. 28.08.2012.
VIEW INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10200095 |
28/12/2009 |
3,000,000.00 |
INDIAN BANK |
106-107,
AUROBINDO PLACE MARKET, HAUZ KHAS, NEW D |
A78342482 |
FIXED ASSETS:
·
Air Conditioner
·
Batteries
·
Car Ford Ikon
·
Car Innova
·
Car SX4
·
Cellular Phone
·
Computer and Printer
·
Electrical Equipment
·
Electronic Equipment
·
Epabx
·
Fire extinguisher
·
Furniture
·
Generator
·
Lamination Machine
·
Mineral Water Machine
·
Motor Car Account
·
Music System
·
Office Equipment
·
Projector
·
Software Package
·
Telephone and Fax Machine
·
Television
·
Time Machine
·
Weighting Machine
·
UPS
·
Winding Machine
·
Scooter
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.60.32 |
|
|
1 |
Rs.100.04 |
|
Euro |
1 |
Rs.82.65 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
4 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.