MIRA INFORM REPORT
|
Report Date : |
03.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
PAPTEX TRADING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
45-46, Ideal Industrial Estate, Mathuradas Mill Compound, Senapati
Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
03.05.1994 |
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|
|
|
Com. Reg. No.: |
11-078134 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1994PTC078134 |
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|
|
|
IEC No.: |
Not Divulged |
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|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Divulged |
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|
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PAN No.: [Permanent Account No.] |
Not Divulged |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Exporter of Paper Product. |
|
|
|
|
No. of Employees
: |
Information denied by management |
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 320000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. As per Registrar of companies the date of Balance sheet i.e.,
Financials filed is shown as 31st March, 2014 but the documents
related to the financials for the year 2014 are not available from any
sources. As per available financial of 2013, General Financial position of the
company seems to be decent. Trade relations are fair. Business is active. Payment terms are
reported to be usually 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.
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.
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. Shukla |
|
Designation : |
Account Manager |
|
Contact No.: |
91-22-24925000 |
|
Date : |
29.11.2014 |
LOCATIONS
|
Registered Office : |
45-46, Ideal Industrial Estate, Mathuradas Mill Compound, Senapati
Bapat Marg, Lower Parel, Mumbai-400013, Maharashtra, India |
|
Tel. No.: |
91-22-24925000 / 24925800 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 30.09.2013
|
Name : |
Mrs. Anupam Sanjay Kedia |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
101, Kedia Apartments, 29 F, Doongarsi Road, Mumbai-400006,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.12.1963 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.09.1998 |
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DIN No.: |
00036384 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Madhulika Pankaj Kedia |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
101, Kedia Apartments, 29 F, Doongarsi Road, Mumbai-400006,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.03.1963 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.09.1998 |
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DIN No.: |
00033537 |
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||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Atmaram Singhania |
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Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
82, Kedia Apartments, 29 F, Doongarsi Road, Mumbai-400006,
Maharashtra, India |
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|
Date of Birth/Age : |
25.10.1946 |
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Date of Appointment : |
30.09.1999 |
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DIN No.: |
00034141 |
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Other Directorship :
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|
Name : |
Mr. Sanjay Kedia |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
101, Kedia Apartments, 29 F, Doongarsi Road, Mumbai-400006,
Maharashtra, India |
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Date of Birth/Age : |
27.10.1961 |
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Date of Appointment : |
30.09.1999 |
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DIN No.: |
00033688 |
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Other Directorship :
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|
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|
Name : |
Mr. Sandeep Singhania |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
82, Kedia Apartments, 29 F, Doongarsi Road, Mumbai-400006,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
06.04.1971 |
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Date of Appointment : |
30.09.1999 |
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DIN No.: |
00033999 |
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Other Directorship :
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Name : |
Mrs. Bharati Sandeep Singhania |
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Designation : |
Director |
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|
Address : |
82, Kedia Apartments, 29 F, Doongarsi Road, Mumbai-400006,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
29.09.1971 |
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Date of Appointment : |
30.09.2000 |
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DIN No.: |
00033879 |
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||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Pankaj Kedia |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
101, Kedia Apartments, 29 F, Doongarsi Road, Mumbai-400006, Maharashtra,
India |
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Date of Birth/Age : |
07.09.1960 |
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Date of Appointment : |
30.09.2003 |
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DIN No.: |
00036699 |
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Other
Directorship :
|
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KEY EXECUTIVES
|
Name : |
Mr. Shukla |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Atmaram Singhania |
|
86260 |
|
Sanjay Kedia Jointly Anupam Kedia |
|
60100 |
|
Sandeep Kumar Singhania Jointly Bharati Singhania |
|
44000 |
|
Pankaj Kumar Kedia Jointly Madhulika Kedia |
|
70000 |
|
Pankaj Kumar Kedia on behalf of (Pankaj Kumar Kedia HUF) |
|
90000 |
|
Atmaram Singhania HUF |
|
50000 |
|
Sandeep Kumar Singhania |
|
53100 |
|
Vishwanath Kedia HUF |
|
10000 |
|
Sanjay Kedia on Behalf of (Sanjay Kedia HUF) |
|
95000 |
|
Madhulika Kedia Jointly Pankaj Kumar Kedia |
|
72410 |
|
Anupam Kedia Jointly Sanjay Kedia |
|
95000 |
|
Basudeo Gupta |
|
5 |
|
Sangeeta Jhunjhunwala |
|
5 |
|
Sandeepkumar Singhania HUF |
|
5 |
|
Bharati Singhania Jointly Sandeepkumar Singhania |
|
5 |
|
Kaushalyadevi Singhania Family Trust |
|
5 |
|
Lakhiyadevi Madanlal Singhania Family Trust |
|
5 |
|
Shilpa Sanganeria |
|
20 |
|
Vishwanath Kedia |
|
92500 |
|
Pankaj V.kedia |
|
25000 |
|
Madhulka Kedia |
|
23890 |
|
Sanjay Kedia |
|
32800 |
|
Bharati Singhania |
|
99940 |
|
Total |
|
1000050 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Exporter of Paper Product. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
Not Divulged |
|
Countries : |
Not Divulged |
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|
|
|
Imports : |
|
|
Products : |
Not Divulged |
|
Countries : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
|
|
|
|
Customers : |
Not Divulged |
|
|
|
|
No. of Employees : |
Information declined by the management |
|
|
|
|
Bankers : |
Not Divulged |
|
|
|
|
Facilities : |
Not Divulged |
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Desai Associates Chartered Accountants |
|
Address : |
103, Anand Estate, 189, Arthur Road, Chinchpokli, Mumbai-400011,
Maharashtra, India |
|
Tel. No.: |
91-22-23080788/ 23001840/ 23051165 |
|
Fax No.: |
91-22-23072987/ 23073055 |
|
E-Mail : |
|
|
PAN No: |
AAAFD4921H |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1250000 |
Equity Shares |
Rs.10/- each |
Rs.12.500 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000050 |
Equity Shares |
Rs.10/- each
|
Rs.10.000
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 |
10.000 |
10.000 |
10.000 |
|
(b) Reserves & Surplus |
103.844 |
92.935 |
83.269 |
|
(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) |
113.844 |
102.935 |
93.269 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
35.490 |
17.006 |
13.505 |
|
(b) Trade
payables |
5.981 |
5.013 |
6.379 |
|
(c) Other current
liabilities |
5.080 |
7.140 |
0.051 |
|
(d) Short-term
provisions |
0.083 |
0.154 |
2.600 |
|
Total Current
Liabilities (4) |
46.634 |
29.313 |
22.535 |
|
|
|
|
|
|
TOTAL |
160.478 |
132.248 |
115.804 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
0.246 |
0.270 |
0.299 |
|
(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 |
94.500 |
54.500 |
54.500 |
|
(c) Deferred tax assets (net) |
0.025 |
0.029 |
0.032 |
|
(d) Long-term Loan and Advances |
0.003 |
0.010 |
0.010 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.014 |
|
Total Non-Current
Assets |
94.774 |
54.809 |
54.855 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
2.808 |
0.000 |
|
(b) Inventories |
29.980 |
23.006 |
3.892 |
|
(c) Trade
receivables |
12.006 |
14.506 |
20.294 |
|
(d) Cash
and cash equivalents |
14.179 |
2.807 |
8.923 |
|
(e)
Short-term loans and advances |
9.539 |
34.294 |
27.840 |
|
(f) Other
current assets |
0.000 |
0.018 |
0.000 |
|
Total
Current Assets |
65.704 |
77.439 |
60.949 |
|
|
|
|
|
|
TOTAL |
160.478 |
132.248 |
115.804 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
198.449 |
152.751 |
85.398 |
|
|
|
Other Income |
4.029 |
3.462 |
2.383 |
|
|
|
TOTAL (A) |
202.478 |
156.213 |
87.781 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
182.571 |
156.067 |
76.944 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(6.973) |
(19.114) |
0.887 |
|
|
|
Employees benefits expense |
1.732 |
1.245 |
0.584 |
|
|
|
Other expenses |
8.959 |
3.822 |
1.156 |
|
|
|
TOTAL |
186.289 |
142.020 |
79.571 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
16.189 |
14.193 |
8.210 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.024 |
0.028 |
0.033 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
16.165 |
14.165 |
8.177 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
5.256 |
4.500 |
2.932 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) |
10.909 |
9.665 |
5.245 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.91 |
9.67 |
5.24 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin PAT / Sales |
(%) |
5.50 |
6.33 |
6.14 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
8.16 |
9.29 |
9.61 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
24.51 |
18.23 |
13.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.14 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.31 |
0.17 |
0.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.41 |
2.64 |
2.70 |
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 |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
83.269 |
92.935 |
103.844 |
|
Net
worth |
93.269 |
102.935 |
113.844 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
13.505 |
17.006 |
35.490 |
|
Total
borrowings |
13.505 |
17.006 |
35.490 |
|
Debt/Equity
ratio |
0.145 |
0.165 |
0.312 |
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) |
|
Sales |
85.398 |
152.751 |
198.449 |
|
|
|
78.870 |
29.917 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
85.398 |
152.751 |
198.449 |
|
Profit |
5.245 |
9.665 |
10.909 |
|
|
6.14% |
6.33% |
5.50% |
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 |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
No |
|
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 |
No |
|
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:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Short Term
Borrowings |
|
|
|
Loans and Advances From Directors |
19.577 |
3.171 |
|
Loans and Advances From Shareholders and Others |
15.913 |
13.835 |
|
Total |
35.490 |
17.006 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90156672 |
23/09/1997 |
19,000,000.00 |
ORIENTAL BANK OF COMMERCE |
DADAR BRANCH, MUMBAI, Maharashtra, INDIA |
- |
|
2 |
90156184 |
05/10/1995 |
295,000.00 |
ORIENTAL BANK OF COMMERCE |
DADAR BRANCH, MUMBAI, Maharashtra, INDIA |
- |
|
3 |
90156122 |
19/06/1995 |
9,000,000.00 |
ORIENTAL BANK OF COMMERCE |
DADAR BRANCH, MUMBAI, Maharashtra, INDIA |
- |
* Date of charge modification
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No 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.61.97 |
|
|
1 |
Rs.97.36 |
|
Euro |
1 |
Rs.77.16 |
INFORMATION DETAILS
|
Information Gathered
by : |
DIP |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
SPR |
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 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
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.