MIRA INFORM REPORT
|
Report Date : |
05.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
WYAN INDUSTRIES PRIVATE LIMITED (w.e.f. 19.03.2013) |
|
|
|
|
Formerly Known
As : |
M. R. A. METAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
175-176, Budhpur, Bijapur, GT Karnal Road, Delhi – 110036 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
02.03.2004 |
|
|
|
|
Com. Reg. No.: |
55-124960 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.47.276 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U37109DL2004PTC124960 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Divulged |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Importer of Aluminium Alloy Ingots, Aluminium
Pressure Die Casting Components and Dies. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was originally incorporated in 2004 as M. R. A. Metals Private
Limited. The name was changed to the present in March 2013. It is an established
company having moderate track. The company possesses a moderate financial profile on account of low
reserves along with slow debtor realisations, and moderate total outside
liabilities to networth ratio during FY14. The rating also take into consideration the high during the year under
review working capital requirements. However, trade relations appears to be fair. Business is active.
Payment terms are reported as slow but correct. In view of long standing experience of the founders, the subject can
be considered for business dealings with caution. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
FITCH IND – RA |
|
Rating |
Term Loans B+ |
|
Rating Explanation |
High risk of default regarding timely
payments |
|
Date |
21.02.2014 |
|
Rating Agency Name |
FITCH IND – RA |
|
Rating |
Non Fund Based Working Capital Limits A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
21.02.2014 |
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 PARTED BY
|
Name : |
Mr. Narendra Antil |
|
Designation : |
Accountant |
|
Contact No.: |
91-130-2367585 |
|
Date : |
04.12.2014 |
|
Name : |
Mr. K. K. Thakur |
|
Designation : |
Assistant General Manager |
|
Contact No.: |
91-9991703152 |
|
Date : |
04.12.2014 |
LOCATIONS
|
Registered Office : |
175-176, Budhpur, Bijapur, GT Karnal Road, Delhi – 110036,
India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
919991703152 (Mr. Thakur) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rental |
|
Locality : |
Residential |
|
|
|
|
Factory : |
Plot No. 1713-14, Phase- 5, Rai Industrial Estate, G. T. Road, Highway No. 1, HSIDC, Sonipat - 131029, Haryana, India |
|
Tel. No.: |
91-130-2367585 / 86 / 87 |
|
Fax No.: |
91-130-2367588 |
DIRECTORS
As on 29.09.2014
|
Name : |
Mrs. Anita Aggarwal |
|
Designation : |
Director |
|
Address : |
26A, Citizen Enclave, Sector – 14, Rohini, Delhi – 110085, India |
|
Date of Birth/Age : |
18.11.1960 |
|
Date of Appointment : |
21.25.2005 |
|
DIN No.: |
00801910 |
|
|
|
|
Name : |
Mr. Som Nath Aggarwal |
|
Designation : |
Director |
|
Address : |
26A, Citizen Enclave, Sector – 14, Rohini, Delhi – 110085, India |
|
Date of Birth/Age : |
01.04.1960 |
|
Date of Appointment : |
03.03.2004 |
|
DIN No.: |
00801950 |
|
|
|
|
Name : |
Mr. Sahil Aggarwal |
|
Designation : |
Director |
|
Address : |
26A, Citizen Enclave, Sector – 14, Rohini, Delhi – 110085, India |
|
Date of Birth/Age : |
24.02.1988 |
|
Date of Appointment : |
01.02.2012 |
|
DIN No.: |
05213976 |
MAJOR SHAREHOLDERS
As on 29.09.2014
|
Names of Shareholders |
No. of Shares |
|
Som Nath Aggarwal |
4434988 |
|
Anita Aggarwal |
68544 |
|
Rajni Aqgarwal |
10500 |
|
Ruchi Aggarwal |
17000 |
|
Geeta Anshu Goyal |
9500 |
|
Rosy Goyal |
20000 |
|
Mmahju Mittal |
17500 |
|
Puja Mittal |
8500 |
|
Sapna Mittal |
8000 |
|
Sushma Rani |
34000 |
|
Archna Gupta |
4165 |
|
Dharam Chand Goyal |
4165 |
|
Kamlesh Khurana |
2080 |
|
Manju Khanna |
2080 |
|
Manoj Kumar Jain |
5625 |
|
Naresh Khanna |
2080 |
|
Parmod Gupta |
2080 |
|
R.D. Gupta |
10415 |
|
Sarita Jain |
3875 |
|
Sunil Mittal |
20830 |
|
Virendra Kumar Sharna |
915 |
|
BSL Buildcon Private Limited, India |
9069 |
|
Narendra Bhutani |
20830 |
|
BSL Buildcon Private Limited |
10859 |
|
Total |
4727600 |
As on 10.11.2014
|
Names of Allottees |
No. of Shares |
|
Som Nath Aggarwal |
1135000 |
|
Anita Aggarwal |
65000 |
|
Total |
1200000 |
As on 29.09.2014
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 : |
Manufacturer and Importer of Aluminium Alloy Ingots, Aluminium
Pressure Die Casting Components and Dies. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
Century NF Casting, Haryana, India |
|
|
|
|
Customers : |
End Users FCC Rico Limited, Haryana, India |
|
|
|
|
No. of Employees : |
100 (Approximately) |
|
|
|
|
Bankers : |
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Anil T Gupta and Associates Chartered Accountants |
|
Address : |
360, 1st Floor, G.T. Karnal Road, Azadpur, Delhi – 110033,
India |
|
Tel. No.: |
91-11-27241230/27317035 |
|
E-Mail : |
|
|
PAN No.: |
ASSP3081R |
|
|
|
|
Memberships : |
----- |
|
|
|
|
Collaborators : |
----- |
|
|
|
|
Related Parties : |
|
CAPITAL STRUCTURE
After 27.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5927600 |
Equity Shares |
Rs.10/- each |
Rs. 59.276 Millions |
|
|
|
|
|
As on 27.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4727600 |
Equity Shares |
Rs.10/- each |
Rs.47.276 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 |
47.276 |
46.952 |
46.952 |
|
(b) Reserves & Surplus |
19.602 |
13.604 |
8.409 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
6.700 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
66.878 |
67.256 |
55.361 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
51.345 |
59.055 |
65.419 |
|
(b) Deferred tax liabilities (Net) |
5.322 |
5.672 |
5.845 |
|
(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) |
56.667 |
64.727 |
71.264 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
89.066 |
129.609 |
116.312 |
|
(b) Trade
payables |
94.540 |
24.753 |
89.456 |
|
(c) Other
current liabilities |
34.935 |
24.551 |
26.899 |
|
(d) Short-term
provisions |
0.952 |
0.957 |
0.468 |
|
Total Current
Liabilities (4) |
219.493 |
179.870 |
233.135 |
|
|
|
|
|
|
TOTAL |
343.038 |
311.853 |
359.760 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
94.835 |
89.037 |
99.675 |
|
(ii)
Intangible Assets |
0.041 |
0.049 |
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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.016 |
0.043 |
0.069 |
|
Total Non-Current
Assets |
94.892 |
89.129 |
99.744 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
51.753 |
43.946 |
33.638 |
|
(c) Trade
receivables |
178.921 |
160.033 |
199.925 |
|
(d) Cash
and cash equivalents |
9.922 |
9.591 |
20.437 |
|
(e)
Short-term loans and advances |
6.056 |
8.177 |
5.539 |
|
(f) Other
current assets |
1.494 |
0.977 |
0.477 |
|
Total
Current Assets |
248.146 |
222.724 |
260.016 |
|
|
|
|
|
|
TOTAL |
343.038 |
311.853 |
359.760 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
|
TOTAL |
|
701.766 |
673.699 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
696.745 |
663.988 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
|
5.021 |
9.711 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
|
(0.174) |
1.156 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS) AFTER
TAX |
|
5.195 |
8.555 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
|
0.684 |
0.000 |
|
|
|
|
Capital Goods |
|
0.000 |
0.000 |
|
|
|
TOTAL IMPORTS |
|
0.684 |
0.000 |
||
|
|
|
|
|
|
||
|
|
Earnings Per Share
(Rs.) |
|
1.11 |
1.90 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
NA |
0.74 |
1.27 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
0.72 |
1.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
1.61 |
2.70 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.07 |
0.18 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.10 |
2.81 |
3.28 |
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 |
46.952 |
46.952 |
47.276 |
|
Reserves & Surplus |
8.409 |
13.604 |
19.602 |
|
Share Application money
pending allotment |
0.000 |
6.700 |
0.000 |
|
Net
worth |
55.361 |
67.256 |
66.878 |
|
|
|
|
|
|
long-term borrowings |
65.419 |
59.055 |
51.345 |
|
Short term borrowings |
116.312 |
129.609 |
89.066 |
|
Total
borrowings |
181.731 |
188.664 |
140.411 |
|
Debt/Equity
ratio |
3.283 |
2.805 |
2.100 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
two years |
Yes |
|
12] |
Profitability for last
two 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) |
Yes |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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 |
Yes |
INDEX OF CHARGE:
|
SR. NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10460045 |
28/09/2013 |
20,000,000.00 |
UNION BANK OF
INDIA |
D-2, PANCHVATI
COMMERCIAL CENTRE, AZADPUR, NEW DELHI, DELHI - 110033, INDIA |
B89469993 |
|
2 |
10437341 |
25/07/2013 * |
9,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
VIDEOCON TOWER,
E-1, GROUND FLOOR, RANI JHANSI ROAD, JHANDEWALAN EXTN, NEW DELHI, DELHI -
110058, |
B80383078 |
|
3 |
10384662 |
07/11/2012 |
10,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
VIDEOCON TOWER,
E-1, GROUND FLOOR, RANI JHANSI ROAD, JHANDEWALAN EXTN, NEW DELHI, DELHI -
110058, |
B61448080 |
|
4 |
10370477 |
17/07/2012 |
10,000,000.00 |
UNION BANK OF
INDIA |
D-2 PANCHAWATI
COMMERCIAL COMPLEX, AZADPUR, NEW DELHI, DELHI - 110033, INDIA |
B45651346 |
|
5 |
10307807 |
30/08/2011 |
10,000,000.00 |
UNION BANK OF
INDIA |
D-2 PANCHAWATI
COMMERCIAL COMPLEX, AZADPUR, NEW DELHI, DELHI - 110033, INDIA |
B21262829 |
|
6 |
10282930 |
27/05/2011 * |
7,250,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
VIDEOCON TOWER,
E-1, GROUND FLOOR, RANI JHANSI ROAD, JHANDEWALAN EXTN, NEW DELHI, DELHI -
110058, |
B13403456 |
|
7 |
10275997 |
03/03/2011 |
20,000,000.00 |
UNION BANK OF
INDIA |
D-2 PANCHAWATI
COMMERCIAL COMPLEX, AZADPUR, NEW DELHI, DELHI - 110033, INDIA |
B09259367 |
|
8 |
10259722 |
11/01/2011 * |
31,500,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
VIDEOCON TOWER, E-1,
GROUND FLOOR, RANI JHANSI ROAD, JHANDEWALAN EXTN, NEW DELHI, DELHI - 110058, |
B03502382 |
|
9 |
10208472 |
04/03/2010 |
77,891,000.00 |
UNION BANK OF
INDIA |
D-2 PANCHAWATI
COMMERCIAL COMPLEX, AZADPUR, NEW DELHI, DELHI - 110033, INDIA |
A81475311 |
|
10 |
10276672 |
16/05/2008 |
57,700,000.00 |
UNION BANK OF
INDIA |
AZADPUR BRANCH,
NEW DELHI, DELHI - 110052, INDIA |
A55494355 |
|
11 |
10035888 |
22/02/2012 * |
124,030,368.00 |
UNION BANK OF
INDIA |
D-2 PANCHAWATI COMMERCIAL
COMPLEX, AZADPUR, NEW DELHI, DELHI - 110033, INDIA |
B34231712 |
|
12 |
80058528 |
18/04/2011 * |
209,112,000.00 |
UNION BANK OF
INDIA |
D-2 PANCHAWATI
COMMERCIAL COMPLEX, AZADPUR, NEW DELHI, DELHI - 110033, INDIA |
B12269833 |
|
13 |
90368678 |
07/02/2006 |
5,000,000.00 |
UNION BANK OF
INDIA |
AZADPUR, NEW
DELHI, DELHI, INDIA |
- |
*Date of modification Charges
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. 61.87 |
|
|
1 |
Rs. 97.01 |
|
Euro |
1 |
Rs. 76.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
ASH |
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 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
29 |
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.