MIRA INFORM REPORT
|
Report Date : |
10.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
AJAY POLY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
4561, Deputy Ganj, Sadar Bazar, New Delhi – 110 006 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
03.06.1980 |
|
|
|
|
Com. Reg. No.: |
55-010508 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.8.851
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1980PTC010508 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA02973F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of manufacture of PVC Profiles for
Refrigeration Industries. |
|
|
|
|
No. of Employees
: |
Information declined by the Management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1611000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Liquidity position of the company is sound. Trade relations are reported to be fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered for business dealings at usual trade
terms and condition. |
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 DECLINED BY
|
Name : |
Mr. Somnath Bhattacharya |
|
Designation : |
Plant Manager |
|
Contact No.: |
91-9871485189 |
|
Date : |
08.04.2014 |
LOCATIONS
|
Registered Office/ Head Office : |
4561, Deputy Ganj, Sadar Bazar, New Delhi – 110 006, India |
|
Tel. No.: |
91-11-23612204/ 23524366 |
|
Mobile No.: |
91-9871485189 (Mr. Somnath Bhattacharya) |
|
Fax No.: |
91-11-23536205 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
E-119-120 and
121, Site-B, Surajpur Industrial Area, Surajpur, Greater Noida – 201 306,
Uttar Pradesh, India |
|
Tel. No.: |
91-120-2569747/
2569748 |
|
Fax No.: |
91-120-2569749 |
|
Email : |
|
|
|
|
|
Branch Office : |
28/A-2 Visvesvaraya Doddenakundi Mahadevapur Post, Bangalore – 500
048, Karnataka, India |
|
|
|
|
Marketing Office : |
70, Okhla Industrial Estate, New Delhi – 110 020, India |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Devendra Chandra Jain |
|
Designation : |
Director |
|
Address : |
D-6, Kalindi Colony, New Delhi – 110 065, India |
|
Date of Birth/Age : |
04.08.1941 |
|
Date of Appointment : |
17.07.1997 |
|
DIN No.: |
00070922 |
|
|
|
|
Name : |
Mr. Rajeev Jain |
|
Designation : |
Managing Director |
|
Address : |
D-6, Kalindi Colony, New Delhi – 110 065, India |
|
Date of Birth/Age : |
03.04.1969 |
|
Date of Appointment : |
12.11.2010 |
|
DIN No.: |
00271809 |
|
|
|
|
Name : |
Mr. Nitin Jain |
|
Designation : |
Director |
|
Address : |
D-6, Kalindi Colony, New Delhi – 110 065, India |
|
Date of Birth/Age : |
22.04.1975 |
|
Date of Appointment : |
30.09.2006 |
|
DIN No.: |
00071131 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sharat Chand Jain (HUF) |
|
2868 |
|
Abhishek Jain |
|
18098 |
|
Nitin Jain |
|
8280 |
|
Akhil Jain |
|
14586 |
|
Anuj Jian |
|
10074 |
|
Rajeev Jain |
|
14280 |
|
Vinay Kumari Jain |
|
5490 |
|
Asha Jain |
|
3000 |
|
Bina Jain |
|
7968 |
|
Ajay Kumar Jain (HUF) |
|
3768 |
|
Madan Kumari Jain |
|
100 |
|
Total
|
|
88512 |
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
92.50 |
|
Other
top fifty shareholders |
|
7.50 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacture of PVC Profiles for
Refrigeration Industries. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011):
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
PVC Profile Unit-I (Badarpur) |
Kg |
2500000 |
2269012.94 |
|
Ferrite Magnet Unit II (Okhal) |
Mtrs. |
10000000 |
0.000 |
|
Ferrite Powder Unit II (Okhal ) |
Kg |
600000 |
502050.00 |
|
Pvc Pipe Unit III (Faridabad ) |
Kg |
250000 |
180735.58 |
|
Frame Unit V (Pune) |
Nos. |
3500000 |
631713.00 |
|
Gasket Unit V (Pune) |
Nos. |
1800000 |
1673448.00 |
|
Frame Unit-VI (Shahjahanpur) |
Nos. |
600000 |
444640.00 |
|
Eso Unit-VI (Shahjahanpur) |
Kg |
800000 |
754364.00 |
|
Frame Unit VII ( |
Nos. |
1500000 |
679998.00 |
|
Frame Unit VIII (Mohali) |
Nos. |
1200000 |
1024533.00 |
|
Frame Unit X (Noida) |
Nos. |
3500000 |
2714211.00 |
|
Ferrite Magnet Unit X (Noida) |
Mtrs. |
8000000 |
7863900.00 |
|
Gasket Unit X (Noida) |
Nos. |
7500000 |
6203976.00 |
|
Frame Unit XI (Satara) |
Nos. |
1000000 |
464615.00 |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the Management. |
|||||||||||||||||||||
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|
|
|||||||||||||||||||||
|
Bankers : |
·
ICICI Bank Limited, Landmark Race Cource Circle, Alkapuri,
Vadodara – 390 015, Gujarat, India · Allahabad Bank, Sadar Bazar, Delhi – 110 006, India · Citibank N.A., Jeevan Bharti Building, 4th Floor, 124 Connaught Circus, New Delhi – 110 001, India · IndusInd Bank Limited · State Bank of India · Canara Bank, Pune · Canara Bank, Bangalore |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
SGR and Associates Chartered Accountants |
|
Address : |
7A, Highway Apartments, DDA Flats, Ghazipur, New Delhi – 110 096,
India |
|
Website : |
|
|
PAN No.: |
ABRFS3277M |
|
|
|
|
Sister Concern : |
· AIC Plastics (Private) Limited · Ajay Industrial Polymers Private Limited · Ajay Industrial Corporation Limited · Encraft India Private Limited (CIN No.: U25200DL2013PTC247629) · Precision Pipes and Profiles Company Limited |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
88512 |
Equity Shares |
Rs.100/- each |
Rs.8.851
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
8.851 |
8.851 |
|
(b) Reserves & Surplus |
|
393.994 |
370.144 |
|
(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) |
|
402.845 |
378.995 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
16.274 |
25.238 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c)
Other long term liabilities |
|
1.897 |
1.219 |
|
(d)
Long-term provisions |
|
22.555 |
21.095 |
|
Total
Non-current Liabilities (3) |
|
40.726 |
47.552 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
76.241 |
79.659 |
|
(b)
Trade payables |
|
25.467 |
25.091 |
|
(c)
Other current liabilities |
|
37.148 |
33.702 |
|
(d)
Short-term provisions |
|
14.034 |
17.270 |
|
Total
Current Liabilities (4) |
|
152.890 |
155.722 |
|
|
|
|
|
|
TOTAL |
|
596.461 |
582.269 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
206.263 |
166.682 |
|
(ii)
Intangible Assets |
|
0.150 |
0.200 |
|
(iii)
Capital work-in-progress |
|
112.423 |
153.625 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.100 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
7.318 |
6.844 |
|
(d) Long-term Loan and
Advances |
|
27.729 |
26.534 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
353.983 |
353.885 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
59.739 |
66.431 |
|
(c)
Trade receivables |
|
135.604 |
126.047 |
|
(d)
Cash and cash equivalents |
|
22.923 |
14.905 |
|
(e)
Short-term loans and advances |
|
24.212 |
21.001 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
242.478 |
228.384 |
|
|
|
|
|
|
TOTAL |
|
596.461 |
582.269 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
8.851 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
340.050 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
348.901 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
57.878 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
57.878 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
406.779 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
165.340 |
|
|
Capital work-in-progress |
|
|
80.078 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
5.191 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
70.772
|
|
|
Sundry Debtors |
|
|
91.838
|
|
|
Cash & Bank Balances |
|
|
6.654
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
68.878
|
|
Total
Current Assets |
|
|
238.142
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
13.260
|
|
|
Other Current Liabilities |
|
|
8.213
|
|
|
Provisions |
|
|
60.499
|
|
Total
Current Liabilities |
|
|
81.972
|
|
|
Net Current Assets |
|
|
156.170
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
406.779 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL (A) |
NA |
NA |
514.426 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
385.064 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
72.111 |
74.301 |
129.362 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST (D) |
9.990 |
9.063 |
1.606 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
62.121 |
65.238 |
127.756 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
25.762 |
21.670 |
16.906 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
36.359 |
43.568 |
110.850 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
12.510 |
13.474 |
38.867 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
23.849 |
30.094 |
71.983 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
306.024 |
275.930 |
226.302 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
12.000 |
|
|
|
Dividend |
0.000 |
0.000 |
8.851 |
|
|
|
Tax on Dividend |
0.000 |
0.000 |
1.504 |
|
|
BALANCE CARRIED
TO THE B/S |
329.873 |
306.024 |
275.930 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
28.995 |
32.684 |
22.827 |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
NA |
NA |
59.990 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
269.44 |
340.00 |
813.26 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
NA |
NA |
13.99
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.63 |
10.33 |
27.47
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.11 |
0.32
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.23 |
0.28 |
0.17
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.59 |
1.47 |
2.91
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2012 |
31.03.2013 |
|
|
|
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
|
8.851 |
8.851 |
|
Reserves & Surplus |
|
370.144 |
393.994 |
|
Net worth |
|
378.995 |
402.845 |
|
|
|
|
|
|
Long-term borrowings |
|
25.238 |
16.274 |
|
Short term borrowings |
|
79.659 |
76.241 |
|
Total borrowings |
|
104.897 |
92.515 |
|
Debt/Equity ratio |
|
0.277 |
0.230 |
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 |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last one year |
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 |
No |
|
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 |
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 |
No |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10253115 |
05/12/2011 * |
50,000,000.00 |
CITIBANK N.A |
JEEVAN BHARTI BUILDING, 4TH
FLOOR, 124 CONNAUGHT CIRCUS, NEW DELHI, DELHI - 110001, INDIA |
B28413854 |
|
2 |
10254934 |
28/07/2011 * |
40,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B19297415 |
|
3 |
10254936 |
28/07/2011 * |
50,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B19285402 |
* Date of charge modification
CONTINGENT
LIABILITIES (TO THE EXTENT NOT PROVIDED FOR):
|
Particulars |
31.03.2013 (Rs. in Millions) |
31.03.2012 (Rs. in Millions) |
|
Claims against the Company not
acknowledged as debts |
|
|
|
(i) Matters
pending in assessment/ appeal |
|
|
|
- Income Tax AY
2007-08 |
0.344 |
0.344 |
|
- Income Tax AY
2008-09 |
0.115 |
0.115 |
|
- Sales Tax FY
2012-13 |
0.134 |
0.000 |
FIXED ASSETS:
·
·
·
·
·
·
Office Renovation
·
Building Under Construction
·
Furniture
·
Motor Car
·
Tempo
·
Machinery
·
Machinery for Oil
·
Office Equipment
·
Laboratory Equipment
·
Generator
·
Water cooler
·
Scooter
·
Cycle
·
Tube Well
·
Dies and Moulds
·
Computer
·
Machinery
·
Computer Software
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.60.07 |
|
|
1 |
Rs.100.56 |
|
Euro |
1 |
Rs.82.79 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.