MIRA INFORM REPORT
|
Report Date : |
01.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
VIBRANT GLOBAL TRADING PRIVATE LIMITED (w.e.f. 03.03.2010) |
|
|
|
|
Formerly Known
As : |
GAJMUKH IMPEX PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No. 202, Tower-A, Peninsula Business Park, Senapati Bapat Marg,
Lower Parel, Mumbai – 400013, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
18.08.2003 |
|
|
|
|
Com. Reg. No.: |
11 - 141769 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 16.100 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH2003PTC141769 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMV21499C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCG5841J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Bentonite, HR/GP/CCS/PPGI, Coal/Coke, Scrap, Fine Chemicals, Organic dyes for Denim Industry, Industrial Chemicals, Speciality Chemicals |
|
|
|
|
No. of Employees
: |
5 (Approximately) |
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 |
|
Maximum Credit Limits : |
USD 494000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
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Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having moderate track record. The rating takes into consideration company moderate financial risk
profile and low profit margin of the company. However, trade relations are reported as fair. Business is active.
Payments terms are reported to be 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
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a quarter
of a century. The data was below an official estimate of 4.9 % annual growth
and compared with 4.5 % in the last fiscal year. However, the current account
deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product,
in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A
sharp fall in gold imports due to restrictions on overseas purchases and muted
import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of
the global e-commerce giant Amazon. The company raised $ 210 million from
Russian Investment firm DST Global which has also invested in companies like
Facebook, Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two.While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
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
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs could
number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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
|
Name : |
Mr. Sumit Rathi |
|
Designation : |
Deputy Manager – Accountant of Vibrant Global Capital Limited |
|
Contact No.: |
91-22-41731000 |
|
Date : |
29.11.2014 |
LOCATIONS
|
Registered Office : |
Unit No. 202, Tower-A, Peninsula Business Park, Senapati Bapat Marg,
Lower Parel, Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-41731000 |
|
Mobile No.: |
91-8094123555 (Mr. Mithun Goswami) |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON: 25.08.2014
|
Name : |
Mr. Vaibhav Vinod Garg |
|
Designation : |
Director |
|
Address : |
1101/1102, Rameshwaram Apartment, EC TV Tower Lane, Dadar, Mumbai – 400028, Maharashtra, India |
|
Date of Birth/Age : |
08.08.1987 |
|
Date of Appointment : |
18.04.2011 |
|
DIN No. : |
02643884 |
|
|
|
|
Name : |
Mr. Vinod Garg |
|
Designation : |
Director |
|
Address : |
1102, Rameshwaram Apartment, EC TV Tower Lane, Dadar, Mumbai – 400028,
Maharashtra, India |
|
Date of Birth/Age : |
06.05.1956 |
|
Date of Appointment : |
31.01.2012 |
|
DIN No. : |
00152665 |
|
|
|
|
Name : |
Mr. Nitin Swamidin Shrivas |
|
Designation : |
Director |
|
Address : |
C/o, Shri khaire, Khaire Niwas, Pl No. 650, Marartoli Ramnagar, Nagpur
- 440010, Maharashtra, India |
|
Date of Birth/Age : |
04.12.1974 |
|
Date of Appointment : |
24.06.2010 |
|
Date of cessation : |
15.11.2013 |
|
DIN No. : |
02531474 |
KEY EXECUTIVES
|
Name : |
Mr. Sumit Rathi |
|
Designation : |
Deputy Manager – Accountant of Vibrant Global Capital Limited |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 25.08.2014
|
Name
of Shareholders |
No.
of Shares |
|
Vinod Garg |
9980 |
|
Vibrant Global Infra Project
Private Limited, India |
200,000 |
|
Vibrant Global Capital
Limited, India |
1,000,000 |
|
Singora Finance Private Limited, India |
200,000 |
|
Shalimar Bansal Realtors
Private Limited, India |
200,000 |
|
Ajay Shriloknath Lohia |
10 |
|
Pankaj Nandlal Agrawal |
10 |
|
TOTAL |
1,610,000 |
AS ON: 25.08.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
99.00 |
|
Other top fifty shareholders |
1.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Bentonite, HR/GP/CCS/PPGI, Coal/Coke, Scrap,
Fine Chemicals, Organic dyes for Denim Industry, Industrial Chemicals, Speciality
Chemicals |
|
|
|
|
Brand Names : |
Not Divulged |
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|
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Advance Payment |
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Purchasing : |
Cash and Advance Payment |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
5 (Approximately) |
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Bankers : |
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Facilities : |
Note : Term loan - Rs. 450.000 Millions ) balance as on 31.3.2014 - Rs. 33.918 Millions secured by equitable mortgage of commercial block situated in peninsula business park. Term loan - Rs. 35.000 Millions and Rs 25.000 Millions balance as on 31.3.2014 - Rs. 48.828 Millions Secured by equitable mortgage of commercial block situated in peninsula business park. 3. term loan - rs. 1 cr balance as on 31.3.2014 - Rs. 8.959 Millions secured by equitable mortgage of commercial block situated in peninsula business park. |
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Banking
Relations : |
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Auditors : |
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|
Name : |
Gupta, Sarda and Bagdia Chartered Accountants |
|
Address : |
Business Plaza, U.G Floor, 6 Farmland, Central bazar, Lokmat Square,
Nagpur - 440010, Maharashtra, India |
|
PAN No.: |
AAAFG8821D |
|
|
|
|
Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
Vibrant Global Capital Limited CIN No.:- U65900MH1995PLC093924 |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are
partners with Key management personnel and their
relatives : |
Vibrant Global Infraproject Private Limited CIN No.:- U45201MH2006PTC163487 Vibrant Global Salt Private Limited CIN No.:- U24233MH2010PTC208064 Tapadia Polyesters Private Limited CIN No.:- U21000MH1995PTC091740 |
CAPITAL STRUCTURE
AS ON: 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs. 25.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1610000 |
Equity Shares |
Rs.10/- each |
Rs. 16.100 Millions |
|
|
|
|
|
AS ON: 25.08.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3500000 |
Equity Shares |
Rs.10/- each |
Rs. 35.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1610000 |
Equity Shares |
Rs.10/- each |
Rs. 16.100 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
16.100 |
16.100 |
16.100 |
|
(b) Reserves & Surplus |
106.635 |
97.039 |
90.398 |
|
(c) Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
50.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
172.735 |
113.139 |
106.498 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
132.680 |
120.655 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
1.723 |
0.024 |
0.009 |
|
(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) |
134.403 |
120.679 |
0.009 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
87.733 |
92.656 |
48.647 |
|
(b) Trade payables |
441.473 |
428.030 |
208.222 |
|
(c) Other current liabilities |
16.312 |
9.553 |
2.558 |
|
(d) Short-term provisions |
0.000 |
3.500 |
2.800 |
|
Total
Current Liabilities (4) |
545.518 |
533.739 |
262.227 |
|
|
|
|
|
|
TOTAL |
852.656 |
767.557 |
368.734 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
145.988 |
1.522 |
0.038 |
|
(ii) Intangible Assets |
0.010 |
0.017 |
0.028 |
|
(iii) Capital work-in-progress |
0.000 |
130.345 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3.893 |
3.643 |
2.518 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and
Advances |
0.445 |
3.860 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.009 |
0.018 |
|
Total
Non-Current Assets |
150.336 |
139.396 |
2.602 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
14.260 |
0.000 |
43.609 |
|
(c) Trade receivables |
378.117 |
379.155 |
259.292 |
|
(d) Cash and cash equivalents |
61.288 |
60.293 |
23.093 |
|
(e) Short-term loans and
advances |
239.671 |
178.870 |
36.710 |
|
(f) Other current assets |
8.984 |
9.843 |
3.428 |
|
Total
Current Assets |
702.320 |
628.161 |
366.132 |
|
|
|
|
|
|
TOTAL |
852.656 |
767.557 |
368.734 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
|
|
1567.930 |
|
|
|
Other Income |
|
|
|
|
|
TOTAL
|
2080.231 |
1567.930 |
1218.520 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
|
2016.578 |
1537.480 |
1210.440 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
63.653 |
30.450 |
8.080 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
47.576 |
20.273 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
16.077 |
10.177 |
8.080 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
2.515 |
0.081 |
0.028 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
13.562 |
10.096 |
8.052 |
|
|
|
|
|
|
|
Less |
TAX |
3.966 |
3.455 |
2.806 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
9.596 |
6.641 |
5.246 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
13.039 |
6.398 |
1.152 |
|
|
|
|
|
|
|
|
BALANCE
CARRIED TO THE B/S |
22.635 |
13.039 |
6.398 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
5.96 |
4.12 |
--- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT/ Sales |
(%) |
0.46 |
0.42 |
0.43 |
|
|
|
|
|
|
|
PBIDT / Sales |
(%) |
3.06 |
1.94 |
0.66 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.60 |
1.59 |
2.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.09 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.28 |
1.89 |
0.46 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.29 |
1.18 |
1.40 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
16.100 |
16.100 |
16.100 |
|
Reserves & Surplus |
90.398 |
97.039 |
106.635 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
50.000 |
|
Net
worth |
106.498 |
113.139 |
172.735 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
120.655 |
132.680 |
|
Short term borrowings |
48.647 |
92.656 |
87.733 |
|
Total
borrowings |
48.647 |
213.311 |
220.413 |
|
Debt/Equity
ratio |
0.457 |
1.885 |
1.276 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1218.520 |
1567.930 |
2080.231 |
|
|
|
28.675 |
32.674 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1218.520 |
1567.930 |
2080.231 |
|
Profit |
5.246 |
6.641 |
9.596 |
|
|
0.43% |
0.42% |
0.46% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOAN
|
Particular |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Deposits from others |
40.000 |
0.000 |
|
Loans and advances from related parties |
0.000 |
50.000 |
|
Total |
40.000 |
50.000 |
NOTE
The registered office of the company has been
shifted from Lords Building, B Wing, Flat No.1003, 10th and 11th
, Plot No.35, Sector-15, CBD Belapur, Mumbai, Maharashtra, India to the present
address (w.e.f. 08.04.2013)
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10463982 |
01/11/2013 |
10,000,000.00 |
Tirupati Urban Co-Op Bank Ltd. |
Kalbadevi Branch, Agarwal Sadan, Gr. Floor, 51, D |
B91031914 |
|
2 |
10463986 |
01/11/2013 |
25,000,000.00 |
Tirupati Urban Co-Op Bank Ltd. |
Kalbadevi Branch, Agarwal Sadan, Gr. Floor, 51, D |
B91033050 |
|
3 |
10386749 |
25/09/2012 |
35,000,000.00 |
Tirupati Urban Co-operative Bank Limited |
172, Shraddhanand Peth,, South Ambazari Road,, Na |
B62155692 |
|
4 |
10386750 |
25/09/2012 |
45,000,000.00 |
Tirupati Urban Co-operative Bank Limited |
172, Shraddhanand Peth,, South Ambazari Road,, Na |
B62155726 |
|
5 |
10298143 |
14/12/2012 * |
400,000,000.00 |
STATE BANK OF INDIA |
GOREGAON-MULUND LINK ROAD BRANCH,RUSTUMJEE-O-ZONE, |
B67663351 |
* Date of charge modification
FIXED ASSETS
- Vehicle
- Office
Equipments
- Computer
Equipments
- Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.61.97 |
|
UK Pound |
1 |
Rs.97.37 |
|
Euro |
1 |
Rs.77.16 |
|
|
|
|
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
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.