1. Summary Information
|
Country |
|
||
|
Company Name |
CPR DISTRIBUTORS PRIVATE LIMITED |
Principal Name 1 |
Mr. Ashish
Ravindra Raje |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Purshottam Bootaram
Chhabra |
|
Registration # |
10-013162 |
||
|
Street Address |
13, Sneh Nagar,
Sapna Sangeeta Road, Indore - 452001, Madhya Pradesh, India |
||
|
Established Date |
13.11.1998 |
SIC Code |
-- |
|
Telephone# |
91-731-2390039 |
Business Style 1 |
Trader |
|
Fax # |
91-731-2361213 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Consumer
Electronics |
|
|
# of employees |
500 (Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
903,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of
directors - 100.00% |
Banking |
HDFC Bank Limited |
|
Public Limited Corp. |
NO |
Business Period |
16 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (44) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Related Party |
India
|
Friends Combine |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
109,631,000 |
Current Liabilities |
120,151,000 |
|
Inventories |
151,031,000 |
Long-term Liabilities |
128,391,000 |
|
Fixed Assets |
59,779,000 |
Other Liabilities |
12,315,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
260,857,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
58,681,000 |
|
|
|
Net Worth |
59,584,000 |
|
Total Assets |
320,441,000 |
Total Liab. & Equity |
320,441,000 |
|
Total Assets (Previous Year) |
235,115,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
2,657,385,000 |
Net Profit |
17,138,000 |
|
Sales(Previous yr) |
2,316,182,000 |
|
11,985,000 |
MIRA INFORM REPORT
|
Report Date : |
14.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
CPR DISTRIBUTORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
13, Sneh Nagar, Sapna
Sangeeta Road, Indore - 452001, Madhya Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
13.11.1998 |
|
|
|
|
Com. Reg. No.: |
10-013162 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 0.903 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51102MP1998PTC013162 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BPLC00776G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC8324M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of
Consumer Electronics. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 238000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Profit margin of the company is very thin however, net worth of the
company is satisfactory. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. The company can be considered normal for business dealings at usual
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
US investment bank Goldman
Sachs has upgraded its outlook on Indian markets as it expects positive
impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Sanjay Chabbra |
|
Designation : |
Executive Director |
|
Contact No.: |
91-9893966000 |
|
Date : |
08.04.2014 |
LOCATIONS
|
Registered Office : |
13, Sneh Nagar,
Sapna Sangeeta Road, Indore - 452001, Madhya Pradesh, India |
|
Tel. No.: |
91-731-4265555/
5092244/ 2361213 |
|
Mobile No.: |
91-9893966000 (Mr. Sanjay
Chabbra) |
|
Fax No.: |
91-731-2361213 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Retail Shop: |
Locate at · Bhopal – 2 Branches · Indore – 4 Branches · Ujjain – 1 Branch · Raipur – 2 Branches |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Ashish
Ravindra Raje |
|
Designation : |
Director |
|
Address : |
579/1/3, M. G. Road,
Behind Sunrise Tower, Indore-- 452001, Madhya Pradesh, India |
|
Date of Birth/Age : |
30.05.1964 |
|
Date of Appointment : |
13.11.1998 |
|
PAN No.: |
ADNPR3875Q |
|
DIN No.: |
00095163 |
|
|
|
|
Name : |
Mr. Purshottam
Bootaram Chhabra |
|
Designation : |
Director |
|
Address : |
575/2, M. G.
Road, Sahgal Colony, Indore – 452001, Madhya Pradesh, India |
|
Date of Birth/Age : |
10.12.1939 |
|
Date of Appointment : |
13.11.1998 |
|
DIN No.: |
00095194 |
|
|
|
|
Name : |
Mr. Gaurav Pahwa |
|
Designation : |
Director |
|
Address : |
130, Jaora
Compound, |
|
Date of Birth/Age : |
25.06.1980 |
|
Date of Appointment : |
13.11.1998 |
|
PAN No.: |
ADHPP4466B |
|
DIN No.: |
00110622 |
KEY EXECUTIVES
|
Name : |
Mr. Sanjay Chabbra |
|
Designation : |
Executive Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
NOTE: SHAREHOLDING DETAILS FILE ATTACHED.
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of
Consumer Electronics. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Cheque |
|
|
|
|
Purchasing : |
Cash and Cheque |
GENERAL INFORMATION
|
Suppliers : |
· Samsung · LG |
||||||||||||
|
|
|
||||||||||||
|
Customers : |
Other (Walin Customer) |
||||||||||||
|
|
|
||||||||||||
|
No. of Employees : |
500 (Approximately) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
· HDFC Bank Limited, HDFC Bank Houses Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India · Dena Bank, Palasia Branch, Indore, Madhya Pradesh, India · Bank of Maharashtra, Godha Colony, Indore - 452001, Madhya Pradesh, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Amit Surana and Company Chartered Accountants |
|
Address : |
106, Trade House, 14/3 South Tukoganj, Indore, Madhya Pradesh, India |
|
Tel. No.: |
91-731-2526730 |
|
E-Mail : |
amit_suranaca@yahoo.com
|
|
Income-tax
PAN of auditor or auditor's firm : |
ABJPS5946H |
|
|
|
|
Related Parties : |
· Friends Combine ·
M.B. Lock House |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
90300 |
Equity Shares |
Rs.10/- each |
Rs. 0.903
Million |
|
|
|
|
|
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 |
|
|
0.903 |
|
(b) Reserves & Surplus |
|
|
58.681 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
59.584 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
71.964 |
|
(b) Deferred tax liabilities (Net) |
|
|
2.734 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term
provisions |
|
|
0.000 |
|
Total Non-current
Liabilities (3) |
|
|
74.698 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
|
56.427 |
|
(b) Trade
payables |
|
|
94.108 |
|
(c) Other
current liabilities |
|
|
26.043 |
|
(d) Short-term
provisions |
|
|
9.581 |
|
Total Current
Liabilities (4) |
|
|
186.159 |
|
|
|
|
|
|
TOTAL |
|
|
320.441 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
|
59.779 |
|
(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 |
|
|
5.046 |
|
(e) Other
Non-current assets |
|
|
0.000 |
|
Total Non-Current
Assets |
|
|
64.825 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
151.031 |
|
(c) Trade
receivables |
|
|
73.985 |
|
(d) Cash
and cash equivalents |
|
|
10.632 |
|
(e)
Short-term loans and advances |
|
|
6.688 |
|
(f) Other
current assets |
|
|
13.280 |
|
Total
Current Assets |
|
|
255.616 |
|
|
|
|
|
|
TOTAL |
|
|
320.441 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.903 |
0.903 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
41.543 |
29.559 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
42.446 |
30.462 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
58.027 |
37.610 |
|
|
2] Unsecured Loans |
|
26.061 |
66.680 |
|
|
TOTAL BORROWING |
|
84.088 |
104.290 |
|
|
DEFERRED TAX LIABILITIES |
|
2.351 |
1.994 |
|
|
|
|
|
|
|
|
TOTAL |
|
128.885 |
136.746 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
32.551 |
25.894 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
131.295
|
139.347
|
|
|
Sundry Debtors |
|
37.065
|
22.587
|
|
|
Cash & Bank Balances |
|
9.085
|
4.759
|
|
|
Other Current Assets |
|
11.716
|
0.000
|
|
|
Loans & Advances |
|
13.403
|
17.588
|
|
Total
Current Assets |
|
202.564
|
184.281
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
82.746
|
60.060
|
|
|
Other Current Liabilities |
|
16.606
|
7.674
|
|
|
Provisions |
|
6.878
|
5.695
|
|
Total
Current Liabilities |
|
106.230
|
73.429
|
|
|
Net Current Assets |
|
96.334
|
110.852
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
128.885 |
136.746 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2657.385 |
2316.181 |
1822.458 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
37.443 |
27.952 |
22.789 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
9.120 |
7.148 |
8.132 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
28.323 |
20.804 |
14.657 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
2.898 |
3.046 |
2.349 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
25.425 |
17.758 |
12.308 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
8.287 |
5.773 |
4.177 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
17.138 |
11.985 |
8.131 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
189.78 |
132.72 |
90.04 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.96 |
0.77 |
0.68 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.93 |
7.55
|
5.86
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.43 |
0.42
|
0.40
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.15 |
1.98
|
3.42 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.37 |
1.91
|
2.51
|
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 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1822.458 |
2316.181 |
2657.385 |
|
|
|
27.091 |
14.731 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1822.458 |
2316.181 |
2657.385 |
|
Profit |
8.131 |
11.985 |
17.138 |
|
|
0.45% |
0.52% |
0.64% |
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
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 |
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 |
Yes |
|
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 |
10424141 |
04/05/2013 |
20,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA |
B74574849 |
|
2 |
10227856 |
31/05/2010 |
50,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA |
A89223473 |
|
3 |
10055569 |
12/10/2013 * |
70,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA |
B87096160 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from directors |
71.964 |
58.027 |
|
Total |
71.964 |
58.027 |
WORKING PERFORMANCE
REVIEW
During the year turnover of the company increase from Rs. 2316.181 Millions to Rs. 2657.384 Millions resulting into increase in profit of the company Rs. 17.137 Millions compared to profit of Rs. 11.984 Millions of Previous Year. Directors' are hopeful that Company will start business and get better results in coming year.
FIXED ASSETS
· Buildings
· Furniture and Fixtures
· Vehicles
· Motor vehicles
· Office Equipment
· Computer Equipment’s
· Other Equipment’s
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.60.27 |
|
|
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.83.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
|
44 |
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.