MIRA INFORM REPORT
|
Report Date : |
28.04.2014 |
DENTIFICATION DETAILS
|
Name : |
AEROMAR LOGISTICS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
208, Wakefield House, Second Floor, 11, Sprott Road, Ballard
Estate, Mumbai - Mumbai, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
27.04.2005 |
|
|
|
|
Com. Reg. No.: |
11-152839 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.250 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63000MH2005PTC152839 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA25546D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCA1744H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Service Provider of logistic and Freight Forwards. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 76000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. As per registrar of companies the date of balance sheet i.e.
financials filed is shown as 31st March 2013 but the documents
related to the financial for the year 2013 are not available from any
sources. Mr. Sandeep, Accounts Executive has provided us with general
information and he also provided us with sales turnover of Rs.350.000
Millions and Profit after Tax of Rs.6.000 Millions for the year 2012 which is
not verified. As per available financial (Balance Sheet) 2012 financial position of
the company seems to be decent. Trade relations are reported as fair. Business is active. Payment
terms are usually correct. The company can be considered for business dealings at usual trade
terms and conditions. Note: Profit and loss
statement for the year 2012 of the company is not available from any sources. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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.2453.2 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
|
Name : |
Mr. Sandeep |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-22-66179798 |
|
Date : |
26.04.2014 |
LOCATIONS
|
Registered Office : |
208, Wakefield House, Second Floor, 11, Sprott Road,
Ballard Estate, Mumbai - Mumbai, Maharashtra, India |
|
Tel. No.: |
91-22-66179798 / 66179797 (100 Lines) |
|
Fax No.: |
91-22-66179796 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Warehouse : |
Shed No 1 , Slot No.: J8 to J12 and K8 to K 12, Plot No 2, Sector - 2
,Dronagiri, Taluka Uran , District Raigad, Navi Mumbai –
400707, Maharashtra, India |
|
|
|
|
Branch Offices : |
311, Shiromani Complex, Opp. Ocean Park,
Nehru Nagar, Cross Road, Ahmedabad – 380015, Gujarat, India Tel.: 91-79-6505 7010
to 14 Fax: 91-079-2646 1036 Email admin.amd@aeromarlogistics.com
Office No.:509, 5th floor, Siddharth
Complex, RC Dutt Road, Alkapuri, Vadodara - 390007, Gujarat, India Tel: +91 92280 01295 Email jadejabrd@aeromarlogistics.com
209,2nd Floor, PNP Plaza, Plot No 314,
Ward No. 12-B Gandhidham, Kutch - 370201, Gujarat, India Tel: 91-2836 2256 35 Fax: 91-2836 225 635 Email maheshkdl@aeromarlogistics.com
429, Star Chamber, Harihar Chowk, Rajkot –
360001, Gujrat, India Email sales_rajkot@aeromarlogistics.com
1207, Hemkunt Chamber, 89, Nehru Place,
New Delhi – 110019, India Fax: 91-11-6627 3019 Email vivek.a@aeromarlogistics.com
7th Floor, BBC Villa Complex, 65/33, Prakasam
Salai, Broadway, Chennai – 600108, Tamailnadu, India Tel.: 91-44-4919 1100 Fax: 91-44-4556 4108 Email sankarp@aeromarlogistics.com
198, Vinayaka Complex, 3rd Floor, 2nd
Cross, Domlur, Banglore – 560071, Karnataka, India Tel.: 91-80-65683108 Fax: 91-80 -41163468 Email salesblr@aeromarlogistics.com
24/509, Essar Building, G.V. Iyer Road,
Willington Island, Cochin – 682003, Kerala, India Tel: 91-484-4038 351 Fax: 91-484-4038 352 Email salescok@aeromarlogistics.com
101, 2nd Floor, Swasthik Plaza, Above
Himalaya Book World, H.No: 7-1- 621 / 103-104, S.R. Nagar, Hyderabad –
500038, Andhra Pradesh, India Tel.: 91-40-4903 7575
(50 Lines) Fax: 91-40-4200 3906 |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Sandeep Anand Tambe |
|
Designation : |
Director |
|
Address : |
203/204, 2nd
Floor, Vaibhav Arcade, Plot No.-79/80, B-Lane, Sector No.-8, Vashi, Navi
Mumbai, 400703, Maharashtra, India |
|
Date of Birth/Age : |
19.10.1983 |
|
Date of Appointment : |
27.04.2005 |
|
DIN No.: |
00483119 |
|
|
|
|
Name : |
Mr. Harish Krishnan Anantharaman |
|
Designation : |
Director |
|
Address : |
33/A, 302,
Dhavalgiri, Swami Samarth Nagar, Andheri (West), Mumbai - 400053, Maharashtra,
India |
|
Date of Birth/Age : |
21.07.1976 |
|
Date of Appointment : |
27.04.2005 |
|
DIN No.: |
00932248 |
|
|
|
|
Name : |
Mr. Ravi Janardhanan Nair |
|
Designation : |
Director |
|
Address : |
A/301, Plot
No-D, Rock Avenue, Dr. Ambedkar Road, Hindustan Naka, Kandivali (West), Mumbai - 400067,
Maharashtra, India |
|
Date of Birth/Age : |
10.12.1973 |
|
Date of Appointment : |
27.04.2005 |
|
DIN No.: |
00932388 |
KEY EXECUTIVES
|
Name : |
Mr. Sandeep |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Ravi Janardhanan Nair |
8333 |
33.33 |
|
Harish Krishnan Anantharaman |
8333 |
33.33 |
|
Sandeep Anand Tambe |
8334 |
33.34 |
|
Total |
25000 |
100.00 |
%20PRIVATE%20LIMITED%20-%20264852_MIRA%2028-Apr-2014_files/image013.gif)
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Service Provider of logistic and Freight Forwards. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
No. of Employees : |
200 (Approximately) |
|
|
|
|
Bankers : |
Kotak Mahindra Bank Limited, 36-38 A, Nariman Bhavan,
227,D, Nariman Point, Mumbai - 400021, Maharashtra, India |
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Poonawala and Associates Chartered Accountants |
|
Address : |
126, Abdual Rehman Street, 2nd Floor, Mariam Manzil, Mumbai
– 400003, Maharashtra, India |
|
Tel. No.: |
91-22-23412143 |
|
PAN No.: |
AADPP5272E |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000 |
Equity Shares |
Rs.10/- each |
Rs.0.250 Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
0.250 |
0.100 |
|
(b) Reserves & Surplus |
|
18.761 |
9.497 |
|
(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) |
|
19.011 |
9.597 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
2.256 |
1.717 |
|
(b) Deferred tax liabilities (Net) |
|
(0.125) |
(0.196) |
|
(c) Other long term
liabilities |
|
5.572 |
4.603 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
7.703 |
6.124 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
3.099 |
0.000 |
|
(b) Trade
payables |
|
5.076 |
7.374 |
|
(c) Other
current liabilities |
|
15.299 |
23.062 |
|
(d) Short-term
provisions |
|
4.920 |
3.197 |
|
Total Current
Liabilities (4) |
|
28.394 |
33.633 |
|
|
|
|
|
|
TOTAL |
|
55.108 |
49.354 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
8.646 |
7.701 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.979 |
1.090 |
|
(e) Other
Non-current assets |
|
1.483 |
1.436 |
|
Total Non-Current
Assets |
|
11.108 |
10.227 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c) Trade
receivables |
|
36.129 |
33.351 |
|
(d) Cash
and cash equivalents |
|
1.031 |
0.957 |
|
(e) Short-term
loans and advances |
|
6.840 |
4.819 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
44.000 |
39.127 |
|
|
|
|
|
|
TOTAL |
|
55.108 |
49.354 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
11.534 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
9.497 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
21.031 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
1.717 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
1.717 |
|
|
DEFERRED TAX LIABILITIES |
|
|
(0.196) |
|
|
|
|
|
|
|
|
TOTAL |
|
|
22.552 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
7.701 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.054 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
34.787 |
|
|
Cash & Bank Balances |
|
|
0.902 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
6.413 |
|
Total
Current Assets |
|
|
42.102 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
18.572 |
|
|
Other Current Liabilities |
|
|
7.799 |
|
|
Provisions |
|
|
0.934 |
|
Total
Current Liabilities |
|
|
27.305 |
|
|
Net Current Assets |
|
|
14.797 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
22.552 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
269.625 |
173.327 |
|
|
|
Other Income |
|
0.478 |
NA |
|
|
|
TOTAL |
|
270.103 |
NA |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
265.505 |
170.432 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
|
4.570 |
2.894 |
|
|
|
|
|
|
|
|
|
|
TAX |
|
0.000 |
0.726 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
|
4.570 |
2.168 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
0.457 |
NA |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
350.000 |
|
|
|
|
|
|
Profit/(loss) After Tax (Approximately) |
|
|
6.000 |
The above information has been parted by Mr. Sandeep
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA |
1.69 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
1.69 |
1.67 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
9.26 |
5.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.48 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.28 |
0.18 |
0.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.55 |
1.16 |
1.54 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
11.534 |
0.100 |
0.250 |
|
Reserves & Surplus |
9.497 |
9.497 |
18.761 |
|
Net
worth |
21.031 |
9.597 |
19.011 |
|
|
|
|
|
|
long-term borrowings |
1.717 |
1.717 |
2.256 |
|
Short term borrowings |
0.000 |
0.000 |
3.099 |
|
Total
borrowings |
1.717 |
1.717 |
5.355 |
|
Debt/Equity
ratio |
0.082 |
0.179 |
0.282 |
%20PRIVATE%20LIMITED%20-%20264852_MIRA%2028-Apr-2014_files/image015.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
173.327 |
269.625 |
350.000 |
|
|
|
55.559 |
29.810 |
%20PRIVATE%20LIMITED%20-%20264852_MIRA%2028-Apr-2014_files/image017.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
173.327 |
269.625 |
350.000 |
|
Profit |
2.168 |
4.570 |
6.000 |
|
|
1.25% |
1.69% |
1.71% |
%20PRIVATE%20LIMITED%20-%20264852_MIRA%2028-Apr-2014_files/image019.gif)
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS NOT AVAILABLE
|
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 |
No |
|
17] |
Major suppliers |
No |
|
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 |
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 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10452560 |
27/09/2013 |
7,500,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38a, Nariman Bhavan, 227,D, Nariman Point, Mumbai, Maharashtra - 400021, India |
B86478039 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.61.11 |
|
|
1 |
Rs.102.71 |
|
Euro |
1 |
Rs.84.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
43 |
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.