1. Summary Information
|
Country |
India |
||
|
Company Name |
GLOBAL AUTOIMPEX AND INDUSTRIES PRIVATE LIMITED |
Principal Name 1 |
Mr. Parmjyot Singh Anand |
|
Status |
Moderate |
Principal Name 2 |
Mr. Kulmeet Singh Anand |
|
Registration # |
55-087907 |
||
|
Street Address |
B-83, Okhla Industrial Area,
Phase-II , Delhi-110 020, New Delhi |
||
|
Established Date |
12.06.1997 |
SIC Code |
-- |
|
Telephone# |
91-11-45042925 |
Business Style 1 |
Trader |
|
Fax # |
91-11-45042924 |
Business Style 2 |
Exporter |
|
Homepage |
Not Available |
Product Name 1 |
Needle Roller Bearings |
|
# of employees |
20
(Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.13,024,000
/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings-11.42%, Bodies corporate-30.71%, Directors or relatives of
directors-54.03%, Other top fifty shareholders-3.84% |
Banking |
HDFC Bank |
|
Public Limited Corp. |
No |
Business Period |
17 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (27) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
29,440,000 |
Current Liabilities |
41,441,000 |
|
Inventories |
31,950,000 |
Long-term Liabilities |
22,966,000 |
|
Fixed Assets |
16,481,000 |
Other Liabilities |
7,02,000 |
|
Deferred Assets |
000 |
Total Liabilities |
65,109,000 |
|
Invest& other Assets |
4,500,000 |
Retained Earnings |
4,238,000 |
|
|
|
Net Worth |
17,262,000 |
|
Total Assets |
82,371,000 |
Total Liab. & Equity |
82,371,000 |
|
Total Assets (Previous Year) |
111,598,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
NA |
Net Profit |
1,873,000 |
|
Sales(Previous yr) |
NA |
Net Profit(Prev.yr) |
1,094,000 |
MIRA INFORM REPORT
|
Report Date : |
29.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
GLOBAL AUTO IMPEX AND INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-83, Okhla Industrial Area,
Phase-II, Delhi-110 020, New Delhi |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
12.06.1997 |
|
|
|
|
Com. Reg. No.: |
55-087907 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.13.024 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22110DL1997PTC087907 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELG13459F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCG5745K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader Exporter and Importer
of Needle Roller Bearings |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 69000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The rating reflects company’s moderate financial risk profile marked
by low reserves and thin profitability margin of the company. However, trade relations are fair. Business is active. Payment terms
are 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 – 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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. .Kulmeet Singh |
|
Designation : |
Director |
|
Contact No.: |
91-9810141821 |
|
Date : |
16.04.2014 |
LOCATIONS
|
Registered Office/Warehouse : |
B-83, Okhla Industrial Area,
Phase-II, Delhi-110 020, New Delhi |
|
Tel. No.: |
91-11-45042925/46545270 |
|
Mobile No.: |
91-9810141821 (Mr. Kulmeet) |
|
Fax No.: |
91-11-45042924 |
|
E-Mail : |
|
|
Location : |
Commercial (Owned) |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Parmjyot Singh Anand |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
D-49, East of kailash, Delhi-110 065, New Delhi, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.11.1972 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
12.09.1997 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00098193 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Kulmeet Singh Anand |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
D-49, East of kailash, Delhi-110 065, New Delhi, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
1303.1975 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
12.06.1997 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00106229
|
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Harvinder Kaur Anand |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
D-49, East of kailash, Delhi-110 065, New Delhi, India |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
12.06.1997 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00123128
|
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Kultar Singh Anand |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
D-49, East of kailash, Delhi-110 065, New Delhi, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.11.1950 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
12.06.1997 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00098228 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Banpreet Kaur |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
D-1021,SF New friends Colony, Delhi-110 065, New Delhi, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.04.1981 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
10.05.2012 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
05299077 |
||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Kultar Singh Anand |
651300 |
50.01% |
|
Harvinder Kaur |
17100 |
1.31% |
|
Prmjyot Singh Anand |
35100 |
2.70% |
|
Kulmeet Singh Anand |
100 |
0.01% |
|
Osaka Tractors Company Private Limited
(Japan) |
148800 |
11.43% |
|
Winners Realtors Private Limited (India) |
50000 |
3.84% |
|
Fundamental Invest Private Limited |
50000 |
3.84% |
|
Niket Finalease Limited (India) |
50000 |
3.84% |
|
Pink Sen Export (India) |
50000 |
3.84% |
|
Choudhary Consultants Private Limited (India) |
50000 |
3.84% |
|
Kuldeep Hardware Private Limited (India) |
50000 |
3.84% |
|
Tyagi Trading Private Limited (India) |
50000 |
3.84% |
|
Inter Stellar Exports Private Limited (India) |
50000 |
3.84% |
|
Everwell Fincap Private limited
(India) |
50000 |
3.84% |
|
Total |
1302400 |
100.00% |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
11.42% |
|
Bodies corporate |
|
30.71% |
|
Directors or relatives of directors |
|
54.03% |
|
Other top fifty shareholders |
|
3.84% |
|
Total
|
|
100.00% |
BUSINESS DETAILS
|
Line of Business : |
Trader Exporter and Importer of Needle Roller Bearings |
|
|
|
|
Products : |
Roller Bearing |
|
|
|
|
Exports : |
|
|
Products : |
Needle Roller Bearings |
|
Countries : |
USA |
|
|
|
|
Imports : |
|
|
Products : |
Manufacturing Goods |
|
Countries : |
Korea |
|
|
|
|
Terms : |
|
|
Selling : |
Cheque |
|
|
|
|
Purchasing : |
Cheque |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
20 (Approximately) |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Bindra and Associates Chartered Accountants |
|
Address : |
F-14, East of Kailash, Delhi-110 065, New Delhi, India |
|
Fax No.: |
91-11-41622546 |
|
E-Mail : |
|
|
PAN No: |
AAHFB7372B |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15,00,000 |
Equity Shares |
Rs.10/- each |
RS.15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13,02,400 |
Equity Shares |
Rs.10/- each |
Rs.13.024
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
13.024 |
13.024 |
13.024 |
|
(b) Reserves & Surplus |
4.238 |
3.048 |
2.291 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
17.262 |
16.072 |
15.315 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
22.966 |
34.627 |
11.735 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.031 |
0.020 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
22.966 |
34.658 |
11.755 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
39.375 |
58.281 |
17.872 |
|
(c) Other current liabilities |
2.066 |
2.280 |
1.540 |
|
(d) Short-term provisions |
0.702 |
0.307 |
0.050 |
|
Total Current
Liabilities (4) |
42.143 |
60.868 |
19.462 |
|
|
|
|
|
|
TOTAL |
82.371 |
111.598 |
46.532 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
16.481 |
14.469 |
9.282 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
4.500 |
4.500 |
4.500 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
20.981 |
18.969 |
13.782 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
31.950 |
61.962 |
24.072 |
|
(c) Trade receivables |
19.942 |
10.292 |
6.067 |
|
(d) Cash and cash equivalents |
7.041 |
14.887 |
1.612 |
|
(e) Short-term loans and advances |
2.325 |
5.488 |
0.936 |
|
(f) Other current assets |
0.132 |
0.000 |
0.063 |
|
Total Current
Assets |
61.390 |
92.629 |
32.750 |
|
|
|
|
|
|
TOTAL |
82.371 |
111.598 |
46.532 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
|
|
Sales Turnover (Approximately) |
120.000 ( Due to market fluctuations |
150.000 |
NA |
NA |
|
|
|
|
|
|
|
|
|
Net Profit |
|
1.873 |
1.094 |
0.203 |
The above information has been parted by Mr. Kulmeet- Director
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.33
|
2.15 |
0.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.46
|
1.52 |
1.68 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
13.024 |
13.024 |
13.024 |
|
Reserves & Surplus |
2.291 |
3.048 |
4.238 |
|
Net
worth |
15.315 |
16.072 |
17.262 |
|
|
|
|
|
|
long-term borrowings |
11.735 |
34.627 |
22.966 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
11.735 |
34.627 |
22.966 |
|
Debt/Equity
ratio |
0.766 |
2.154 |
1.330 |
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% |
Yes |
|
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) |
Yes |
|
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 |
UNSECURED
LOAN (Rs.
In Millions)
|
Particulars |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
(A) Loans and
Advances from Related Parties |
|
|
|
Mainstreet Exports Private Limited |
1.125 |
1.125 |
|
Harvinder Kaur |
0.500 |
2.000 |
|
Kulmeet Singh |
3.483 |
3.644 |
|
Kultar Singh |
0.000 |
2.000 |
|
Paramjyot Singh |
0.000 |
2.500 |
|
KBT Plastics Private Limited |
0.100 |
1.100 |
|
|
|
|
|
(B) Other Loans
and Advances |
|
|
|
KS Impex |
0.300 |
0.300 |
|
|
|
|
|
Total |
5.508 |
12.669 |
Fixed Assets:
- Building
- Air
Conditioner and Refrigerator
- Machinery
- Scoooter
- Computer
- Printer
- Car
- Office
Equipment
- Furniture and
Fixture
- Water filter
and Purifier
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.60.50 |
|
|
1 |
Rs.101.68 |
|
Euro |
1 |
Rs.83.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
KRU |
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 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
Yes |
|
--AFFILIATION |
YES/NO |
No |
|
--LISTED |
YES/NO |
No |
|
--OTHER MERIT FACTORS |
YES/NO |
Yes |
|
TOTAL |
|
27 |
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
|
>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.