1. Summary Information
|
|
|
Country |
|
|
Company Name |
LION RUBBER
INDUSTRIES PRIVATE LIMITED |
Principal Name 1 |
Mr. Dharmesh Rameshchandra Dhanani |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Sachin N. Goradia |
|
|
|
Registration # |
11-093507 |
|
Street Address |
P-1201, |
||
|
Established Date |
11.10.1995 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Manufacturer |
|
Fax # |
Not Available |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Rubber Products |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
14,400,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors – 100.00% |
Banking |
The Shamrao
Vitthal Co-operative Bank Limited |
|
Public Limited Corp. |
NO |
Business Period |
19 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (46) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Other
Related Party |
|
Lion Safety Stores |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
44,952,000 |
Current Liabilities |
38,190,000 |
|
Inventories |
8,882,000 |
Long-term Liabilities |
12,568,000 |
|
Fixed Assets |
48,484,000 |
Other Liabilities |
4,268,000 |
|
Deferred Assets |
0,000,000 |
Total Liabilities |
55,026,000 |
|
Invest& other Assets |
235,000 |
Retained Earnings |
33,127,000 |
|
|
|
Net Worth |
47,527,000 |
|
Total Assets |
102,553,000 |
Total Liab. & Equity |
102,553,000 |
|
Total Assets (Previous Year) |
106,624,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
NA |
Net Profit |
3,993,000 |
|
Sales(Previous yr) |
NA |
Net Profit(Prev.yr) |
8,279,000 |
MIRA
INFORM REPORT
|
Report Date : |
05.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
LION RUBBER INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
P-1201, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
11.10.1995 |
|
|
|
|
Com. Reg. No.: |
11-093507 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 14.400 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25100MH1995PTC093507 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Quality Rubber Products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 190000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. There seems dip in the profit of the company during 2013. However,
General position of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are slow
but 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
N E W S
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization policies.
A firm called Ciane Analytics studied returns from assets including
equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate
outperformed every other asset classes during the 23-year period with an
annualized return of 20 % ! Equities came in second with annualized return of
15.5 % ! However, while these returns may seem mouthwatering, the fact is that
the return from equities adjusted for inflation came down to just 7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
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
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Dhanani |
|
Designation : |
Director |
|
Contact No.: |
91- 250-6525702 |
|
Date : |
30.07.2014 |
LOCATIONS
|
Registered Office : |
P-1201, |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Marketing Office : |
410, 4th Floor, Diamond Industrial Estate, Ketki Pada Road,
Near Toll Plaza, W.E. Highway, Dahisar – East, Mumbai – 400068, Maharashtra,
India |
|
Tel. No.: |
91-22-40144465 |
|
Fax No.: |
91-22-4014465 |
|
|
|
|
Factory : |
“Lion House” Plot No.49, |
|
Tel. No.: |
91-250-6525702 / 3 / 4 |
|
E-Mail : |
|
|
|
|
|
Sales Office : |
5th floor, president house, opposite C N vidhyalay,
ambavadi, Ahmedabad - 380015Gujarat,
India |
|
|
|
|
Tel. No.: |
91-9820345455 |
|
Fax No.: |
91-22-40144465 |
|
E-Mail : |
|
|
|
|
|
Overseas Office
: |
Located at : ·
Australia ·
Colombia ·
Egypt ·
Brazil ·
Denmark ·
Italy ·
China ·
Dubai ·
Japan ·
South Africa ·
USA ·
Canada ·
Spain ·
Philippines ·
Kuwait ·
Singapore, Batam, Malaysia ·
Thailand ·
Trinidad and Tobago ·
Turkey ·
Ukraine ·
Vietnam |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Dharmesh Rameshchandra Dhanani |
|
Designation : |
Director |
|
Address : |
P-1201 |
|
Date of Birth/Age : |
15.05.1971 |
|
Date of Appointment : |
11.10.1995 |
|
PAN No.: |
AAAPD7718A |
|
DIN No.: |
00953103 |
|
|
|
|
Name : |
Navinchandra A. Goradia |
|
Designation : |
Director |
|
Address : |
A-304, Veena Sitar, Mahavi
Nagar, Kandiwali (West), Maharashtra, India |
|
Date of Birth/Age : |
07.08.1946 |
|
Date of Appointment : |
15.04.2013 |
|
PAN No.: |
AAPBG1726A |
|
DIN No.: |
03093633 |
|
|
|
|
Name : |
Mr. Sachin Navin Goradia |
|
Designation : |
Director |
|
Address : |
A-304, Veena Sitar, Mahavi
Nagar, Kandiwali (West), Maharashtra, India |
|
Date of Birth/Age : |
05.10.1976 |
|
Date of Appointment : |
01.01.1999 |
|
PAN No.: |
AEGPG6936F |
|
DIN No.: |
01201697 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Dharmesh Rameshchandra Dhanani |
720000 |
50.00 |
|
Navinchandra A. Goradia |
360000 |
25.00 |
|
Sachin Navin Goradia |
360000 |
25.00 |
|
Total |
1440000 |
100.00 |
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 : |
Manufacturer and Exporter of Quality Rubber Products. |
|
|
|
|
Products : |
·
Rubber Fenders ·
Rubber Seals ·
Traffic Safety Products |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
The Shamrao Vitthal Co-operative Bank Limited, Royal Challenge, Mira
Bhayander Road, Mira Road (East), Thane – 401107, Maharashtra, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sandeep Sheth And Associates Chartered Accountanats |
|
Address : |
502, |
|
Tel. No.: |
91-22-26210261 |
|
E-Mail : |
|
|
PAN No.: |
AAZPS9425L |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1440000 |
Equity Shares |
Rs.10/- each |
Rs. 14.400
Millions |
|
|
|
|
|
|
Particulars |
Equity shares |
|
|
Number |
Amount |
|
|
Shares outstanding at the beginning of the
year |
1440000 |
14.400 |
|
Shares issue during the year |
0 |
0 |
|
Shares outstanding at the end of the year |
1440000 |
14.400 |
Holding more than 5%
|
Name of shareholder |
No Of Shares Held In The Current Year |
Percentage Of Shareholding |
|
Dharmesh Rameshchandra Dhanani |
720000 |
50.00% |
|
Navinchandra Amrutlal Goradia |
360000 |
25.00% |
|
Sachin Navinchandra Goradia |
360000 |
25.00% |
Note: 1350000 Equity Shares Out of the Issued, Subscribed
and Paid up Share Capital were Allotted as Fully Paid up Bonus Shares.
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
14.400 |
14.400 |
14.400 |
|
(b) Reserves & Surplus |
33.127 |
29.133 |
20.854 |
|
(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) |
47.527 |
43.533 |
35.254 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
12.568 |
20.378 |
10.482 |
|
(b) Deferred tax liabilities (Net) |
1.496 |
1.639 |
1.662 |
|
(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) |
14.064 |
22.017 |
12.144 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
2.171 |
|
(b)
Trade payables |
21.864 |
28.001 |
33.682 |
|
(c)
Other current liabilities |
16.326 |
9.385 |
11.315 |
|
(d) Short-term
provisions |
2.772 |
3.688 |
5.447 |
|
Total Current
Liabilities (4) |
40.962 |
41.074 |
52.615 |
|
|
|
|
|
|
TOTAL |
102.553 |
106.624 |
100.013 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
48.484 |
51.454 |
51.192 |
|
(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 |
0.235 |
0.235 |
0.235 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
5.026 |
7.778 |
5.979 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
53.745 |
59.467 |
57.406 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
8.882 |
11.846 |
8.242 |
|
(c)
Trade receivables |
17.102 |
10.755 |
13.480 |
|
(d) Cash
and cash equivalents |
14.138 |
10.792 |
8.383 |
|
(e)
Short-term loans and advances |
4.077 |
4.426 |
6.164 |
|
(f)
Other current assets |
4.609 |
9.338 |
6.338 |
|
Total
Current Assets |
48.808 |
47.157 |
42.607 |
|
|
|
|
|
|
TOTAL |
102.553 |
106.624 |
100.013 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
10.779 |
17.335 |
22.451 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.928 |
5.080 |
3.525 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
5.851 |
12.255 |
18.926 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.858 |
3.976 |
6.539 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3.993 |
8.279 |
12.387 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
54.579 |
74.457 |
99.691 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.77 |
5.75 |
8.60 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.72 |
11.52 |
18.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.28 |
0.54 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.26 |
0.47 |
0.36 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.19 |
1.15 |
0.81 |
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 |
14.400 |
14.400 |
14.400 |
|
Reserves & Surplus |
20.854 |
29.133 |
33.127 |
|
Net worth |
35.254 |
43.533 |
47.527 |
|
|
|
|
|
|
long-term borrowings |
10.482 |
20.378 |
12.568 |
|
Short term borrowings |
2.171 |
0.000 |
0.000 |
|
Total borrowings |
12.653 |
20.378 |
12.568 |
|
Debt/Equity ratio |
0.359 |
0.468 |
0.264 |
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 three years |
No |
|
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 |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
|
(Rs. In Millions) |
|
|
LONG TERM
BORROWINGS: |
|
|
|
From Related Parties |
5.750 |
0.500 |
|
Other Loans and Advances |
0.000 |
3.222 |
|
|
|
|
|
Total |
5.750 |
3.722 |
CORPORATE INFORMATION:
Lion Rubber Industries Private Limited, having
registered office at Panchsheel Gardens, Mahavir Nagar, Dahanukar Wadi,
Kandivali (West) is a wholly owned private Indian company with its origin in
Mumbai, India, operating in maritime industry, hydro – power industry and
construction industry, was founded in 1995. The company is a manufacturer and
exporters of quality rubber products, produced by using latest technologies and
the name LION has been known for supplying a guaranteed product for particular
use with committed deli\very schedule.
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10345729 |
27/03/2014 * |
10,000,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED |
ROYAL CHALLENGE,
MIRA - BHAYANDER ROAD, MIRA ROAD |
C04078788 |
|
2 |
10345727 |
06/05/2014 * |
18,500,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED |
ROYAL CHALLENGE,
MIRA - BHAYANDER ROAD, MIRA ROAD |
C04081659 |
|
3 |
10310234 |
14/09/2011 |
7,500,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED |
ROYAL CHALLENGE,
MIRA - BHAYANDER ROAD,, MIRA ROA |
B22570790 |
|
4 |
10153703 |
06/05/2014 * |
7,500,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED |
ROYAL CHALLENGE,
MIRA - BHAYANDER ROAD, MIRA ROAD |
C04083135 |
FIXED ASSETS:
·
Factory Building
·
Furniture and Fixtures
·
Plant and machinery
·
Weighting Scale
·
Electric Oven
·
Fax Machine
·
Mobile Phone
·
Typewriter
·
Computer
·
Rubber Die
·
Epabx System
·
Motor Car
·
Boiler
·
Office Equipments
·
Factory Equipments
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 judgment 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 records 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.61.01 |
|
|
1 |
Rs.102.69 |
|
Euro |
1 |
Rs.81.90 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
JAY |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.