MIRA
INFORM REPORT
|
Report Date : |
23.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
WRITERS AND PUBLISHERS PRIVATE LIMITED (w.e.f. 06.03.2009) DAINIK BHASKAR UNIT OF WRITERS AND PUBLISHERS PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
WRITERS AND PUBLISHERS LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 280, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
13.01.1981 |
|
|
|
|
Com. Reg. No.: |
04-047207 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.683.655 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22210GJ1981PTC047207 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMW00114C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACW1376J |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Printing and publishing
of News Papers. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having a moderate track. Profitability of the company seems tro be low during 2013. However, trade relations are reported as 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.
INDIAN ECONOMIC OVERVIEW
NEWS
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 DECLINED
Management Non Co-operative
Contact No.: 91-755-3913290
LOCATIONS
|
Registered Office : |
Plot No. 280, Sarkhej Gandhinagar Highway, Near YMCA Club, Makarba,
Ahmedabad - 380501, Gujarat, India |
|
Tel. No.: |
91-79-39888850 / 25201000 / 3988884 |
|
Mobile No.: |
91-9425378951 (Mr. Sushil Gaikwad) |
|
Fax No.: |
91-79-39814001 / 2675190 |
|
E-Mail : |
csbpl2008@yahoo.co.in g_sushil@bhaskar.net.com |
|
Website : |
|
|
Area : |
2 Acres |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
6, Dwarka Sadan, Press Complex, MP Nagar, |
|
Tel No.: |
91-755-3913290 / 2766247 |
|
Fax No.: |
91-755-4270469 |
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Location : |
Owned |
|
|
|
|
Nagpur Office : |
Dainik Bhaskar, 17A, Great Nag Road, Nagpur – 440009, Maharashtra,
India |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Ramesh Chandra Agarwal |
|
Designation : |
Director |
|
Address : |
E-1/79 Arera Colony, |
|
Date of Birth/Age : |
15.06.1944 |
|
Date of Appointment : |
13.01.1981 |
|
PAN No.: |
ACYPA5011F |
|
DIN No.: |
00051310 |
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|
|
|
Name : |
Mr. Girish Agarwal |
|
Designation : |
Director |
|
Address : |
E-1/79 Arera Colony, |
|
Date of Birth/Age : |
10.07.1971 |
|
Date of Appointment : |
01.12.2007 |
|
DIN No.: |
00051375 |
|
|
|
|
Name : |
Mr. Sudhir Agarwal |
|
Designation : |
Director |
|
Address : |
E-1/79 Arera Colony, |
|
Date of Birth/Age : |
20.07.1969 |
|
Date of Appointment : |
30.03.2009 |
|
DIN No.: |
00051407 |
|
|
|
|
Name : |
Mr. pawan Agarwal |
|
Designation : |
Director |
|
Address : |
E-1/79 Arera Colony, |
|
Date of Birth/Age : |
31.07.1974 |
|
Date of Appointment : |
25.09.2000 |
|
DIN No.: |
00465092 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of
Shareholders (Equity Shares) |
|
No. of Shares |
|
Bhaskar Industries Private Limited, India |
|
14000 |
|
Sudhir Agarwal |
|
224914 |
|
Jyoti Agarwal |
|
144439 |
|
Girish Agarwal |
|
276553 |
|
R. C. Agarwal (HUF) |
|
10402 |
|
Bhaskar Infrastructure Limited, India |
|
276490 |
|
Chambal Tradings Private Limited, India |
|
106600 |
|
Namita Agarwal |
|
82800 |
|
Pawan Agarwal |
|
405352 |
|
Nitika Agarwal |
|
44000 |
|
Dev Fiscal Services Private Limited, India |
|
21000 |
|
Girish Agarwal (HUF) |
|
210000 |
|
Sudhir Agarwal (HUF) |
|
200000 |
|
Pawan Agarwal (HUF) |
|
120000 |
|
Sunshine Solvent Private Limited, India |
|
225000 |
|
Solvent Traders Private Limited, India |
|
225000 |
|
Decent Industries Limited, India |
|
450000 |
|
Exxoils Enterprises Private Limited, India |
|
225000 |
|
Bhaskar Exim Limited, India |
|
400000 |
|
BFP Enterprises Private Limited, India |
|
225000 |
|
BFP Traders Private Limited, India |
|
225000 |
|
Stitex Global Limited, India |
|
425000 |
|
|
|
|
|
Total |
|
4536550 |
|
Names of
Shareholders (Preference Shares) |
|
No. of Shares |
|
Kasturi Devi Agarwal |
|
105000 |
|
Bhaskar Infrastructure Private Limited, India |
|
686000 |
|
Namita Agarwal |
|
45000 |
|
Chambal Tradings Private Limited, India |
|
141000 |
|
Pawan Agarwal |
|
64666 |
|
S.A. Trading & Investment Private Limited, India |
|
670000 |
|
Stitex Global Limited, India |
|
504000 |
|
Sudhir Agarwal |
|
64667 |
|
Girish Agarwal |
|
19667 |
|
|
|
|
|
Total |
|
2300000 |
AS ON 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
62.12 |
|
Directors or relatives of Directors |
37.88 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Printing and publishing
of News papers. |
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|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
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Bankers : |
· Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227,D, Nariman Point, Mumbai - 400021, Maharashtra, India ·
State Bank of Indore, E-5/A, Grish Kunj, Paryavaran Parisar,
Shahpura, Bhopal – 462016, Madhya Pradesh, India ·
Indusind Bank Limited, 2401 Gen Thimmayya Road, Contonment, Pune - 411001, Maharashtra, India |
||||||||||||||||||
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Facilities : |
|
|
|
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Banking
Relations : |
-- |
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|
|
|
Financial Institutions : |
·
IDBI Trusteeship Services Limited, Asian
Building, Ground Floor, 17, R. Kamani Marg, Ballard Estate, Mumbai - 400001,
Maharashtra, India ·
Rabo India Finance Private Limited, 1A, Janpath,
New Delhi - 110001, India |
|
|
|
|
Auditors : |
|
|
Name : |
Krishna Gupta and Company Chartered Accountants |
|
Address : |
105, Parikalp Singhal Tower, 1st Floor, Above UCO Bank, Old
High Court Road, Gwalior - 474009, Madhya Pradesh, India |
|
Tel. No.: |
91-751-2628374/ 4086435/ 2328374 |
|
Mobile No.: |
91-9827075044 |
|
Fax No.: |
91-751-2328374/ 2628374 |
|
PAN.: |
AAEFK3347G |
|
|
|
|
Subsidiaries : |
·
Surge Developers Private Limited
[U04520MP2006PTC018399] ·
India Interactive Technologies Limited
[U72200MH2007PLC171849] ·
Diva Oil and Gas Limited [U11101MP2008PLC020377] ·
Bhaskar Infraventure Limited
[U70109MP2008PLC021394] |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.100/- each |
Rs.500.000 Millions |
|
2500000 |
Preferences Shares |
Rs.100/- each |
Rs.250.000 Millions |
|
|
Total |
|
Rs.750.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4536550 |
Equity Shares |
Rs.100/- each |
Rs.453.655
Millions |
|
2300000 |
Preferences Shares |
Rs.100/- each |
Rs.230.000
Millions |
|
|
Total |
|
Rs.683.655 Millions |
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 |
683.655 |
683.655 |
683.655 |
|
(b) Reserves & Surplus |
1,988.619 |
1,942.281 |
1,867.986 |
|
(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) |
2,672.274 |
2,625.936 |
2,551.641 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
7,517.743 |
3,249.928 |
179.622 |
|
(b) Deferred tax liabilities
(Net) |
62.798 |
73.295 |
103.124 |
|
(c) Other long term liabilities |
3,891.686 |
8,465.991 |
7,021.752 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
11,472.227 |
11,789.214 |
7,304.498 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
444.583 |
437.170 |
143.654 |
|
(b) Trade payables |
4,582.320 |
1,065.939 |
6,586.928 |
|
(c) Other current liabilities |
156.847 |
158.557 |
69.651 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
5,183.750 |
1,661.666 |
6,800.233 |
|
|
|
|
|
|
TOTAL |
19,328.251 |
16,076.816 |
16,656.372 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
781.444 |
779.264 |
1,222.398 |
|
(ii) Intangible Assets |
0.500 |
0.500 |
0.500 |
|
(iii) Capital work-in-progress |
10.013 |
9.603 |
14.368 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
9,346.901 |
9,207.014 |
5,790.991 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
260.966 |
529.968 |
20.758 |
|
(e) Other Non-current assets |
86.999 |
145.694 |
67.328 |
|
Total
Non-Current Assets |
10,486.823 |
10,672.043 |
7,116.343 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
17.108 |
|
(c) Trade receivables |
5,909.189 |
56.515 |
164.163 |
|
(d) Cash and cash equivalents |
180.684 |
24.898 |
71.302 |
|
(e) Short-term loans and
advances |
2,741.202 |
5,311.711 |
9,210.311 |
|
(f) Other current assets |
10.353 |
11.649 |
77.145 |
|
Total
Current Assets |
8,841.428 |
5,404.773 |
9,540.029 |
|
|
|
|
|
|
TOTAL |
19,328.251 |
16,076.816 |
16,656.372 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Revenue from operations |
|
5,907.162 |
|
|
|
Other Income |
|
|
|
|
|
TOTAL
|
6,239.685 |
5,907.162 |
7,194.986 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
|
6,186.803 |
5,850.292 |
7,163.165 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
52.882 |
56.870 |
31.821 |
|
|
|
|
|
|
|
Less |
TAX |
1.871 |
(22.097) |
13.823 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
51.011 |
78.967 |
17.998 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
7.46 |
11.55 |
2.63 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.82 |
1.34 |
0.25 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.85 |
0.96 |
0.44 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
0.53 |
0.83 |
0.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.02 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.98 |
1.40 |
0.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.71 |
3.25 |
1.40 |
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 |
683.655 |
683.655 |
683.655 |
|
Reserves & Surplus |
1,867.986 |
1,942.281 |
1,988.619 |
|
Net
worth |
2,551.641 |
2,625.936 |
2,672.274 |
|
|
|
|
|
|
long-term borrowings |
179.622 |
3,249.928 |
7,517.743 |
|
Short term borrowings |
143.654 |
437.170 |
444.583 |
|
Total
borrowings |
323.276 |
3,687.098 |
7,962.326 |
|
Debt/Equity
ratio |
0.127 |
1.404 |
2.980 |
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) |
|
Total Income |
7,194.986 |
5,907.162 |
6,239.685 |
|
|
|
(17.899) |
5.629 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
7,194.986 |
5,907.162 |
6,239.685 |
|
Profit/(Loss) After Tax |
17.998 |
78.967 |
51.011 |
|
|
0.25% |
1.34% |
0.82% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT
|
Particulars |
31.03.2013 Rs.
In Millions |
31.03.2012 Rs.
In Millions |
31.03.2011 Rs.
In Millions |
|
Current maturities of long-term debt |
NA
|
0.000
|
0.000 |
|
|
|
|
|
|
Total |
NA
|
0.000
|
0.000 |
|
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 |
Yes |
|
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 |
No |
|
10] |
Designation of contact person |
No |
|
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 |
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 LOANS
|
PARTICULAR |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Deposits from others |
444.583 |
437.170 |
|
|
|
|
|
Total |
444.583 |
437.170 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10488614 |
28/04/2014 |
1,380,000,000.00 |
IDBI Bank
Limited |
IDBI BANK
LIMITED, ADJ. TO LIC. OPP. RAJ BHAWAN, |
C02197655 |
|
2 |
10463002 |
28/10/2013 |
1,000,000,000.00 |
THE RATNAKAR
BANK LIMITED |
SHAHUPURI,KOLHAPUR,,
KOLHAPUR, Maharashtra - 41600 |
B90668484 |
|
3 |
10452628 |
16/09/2013 |
2,500,000,000.00 |
INDUSIND BANK
LTD. |
2401 GEN
THIMMAYYA ROAD, CONTONMENT, PUNE, Mahara |
B86499928 |
|
4 |
10435008 |
07/06/2013 |
1,000,000,000.00 |
THE RATNAKAR
BANK LIMITED |
SHAHUPURI,KOLHAPUR,,
KOLHAPUR, Maharashtra - 41600 |
B78825486 |
|
5 |
10435160 |
07/06/2013 |
1,000,000,000.00 |
THE RATNAKAR
BANK LIMITED |
SHAHUPURI,KOLHAPUR,,
KOLHAPUR, Maharashtra - 41600 |
B78894177 |
|
6 |
10371853 |
17/08/2012 |
1,500,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA,, DR. |
B56131899 |
|
7 |
10347149 |
16/04/2013 * |
1,750,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
Asian Bldg.,
Ground Floor, 17, R.Kamani Marg,, Ba |
B73148439 |
|
8 |
10346215 |
12/03/2012 |
1,000,000,000.00 |
THE RATNAKAR
BANK LIMITED |
SHAHUPURI,KOLHAPUR,,
KOLHAPUR, Maharashtra - 41600 |
B36549137 |
|
9 |
80045656 |
14/10/2011 * |
1,240,000,000.00 |
STATE BANK OF
INDIA |
COMMERCIAL
BRANCH, LHO COMPLEX, HOSHANGABAD ROAD, |
B26274399 |
* Date of charge modification
Fixed Assets
· Land (Freehold and Leasehold)
· Computers
· Vehicles
· Plant and Machinery
· Furniture and Fixtures
· Cable Wire
· Fans and Coolers
· Electric Fitting
·
Office Equipment
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 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.60.44 |
|
|
1 |
Rs.100.24 |
|
Euro |
1 |
Rs.80.35 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
30 |
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.