MIRA INFORM REPORT
|
Report Date : |
09.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
OM DRISHIAN INTERNATIONAL LIMITED |
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Registered
Office : |
Unit No.508, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
28.02.2008 |
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|
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Com. Reg. No.: |
55-174687 |
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Capital
Investment / Paid-up Capital : |
Rs. 20.112 Millions |
|
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|
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CIN No.: [Company Identification
No.] |
U74120DL2008PLC174687 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELO03250C |
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PAN No.: [Permanent Account No.] |
AABCO0120B |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Trader of Readymade Garments, Ball Bearing Stainless Steel, Plastic
Raw Material, etc. |
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No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 173000 |
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|
Status : |
Satisfactory |
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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 record. As per registrar of companies the date of balance sheet (i.e.
financial filed) is shown as 31.03.2014 but the documents related to the
financials of 2014 are not available from any source. As per financials fo 2012-13, rating reflects sound financial risk
profile marked by improvement in performance of the company and decent liquidity
position. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered for business dealing at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
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. Amit Taneja |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-11-45117707 |
|
Date : |
08.12.2014 |
LOCATIONS
|
Registered Office : |
Unit No.508, |
|
Tel. No. : |
91-11-45117700/ 9 |
|
Fax No. : |
91-11-45117702 |
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E-Mail : |
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Website : |
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Area : |
2500 Sq. Ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Rakesh Bansal |
|
Designation : |
Managing Director |
|
Address : |
403, New Swastik Appts, Plot No-2, Sector-9, Rohini, New
Delhi - 110085, India |
|
Date of Birth/Age : |
03.08.1957 |
|
Date of Appointment : |
28.02.2008 |
|
DIN No. : |
01029884 |
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|
|
|
Name : |
Mr. Abhinav Bansal |
|
Designation : |
Director |
|
Address : |
403, New Swastik Appts, Plot No-2, Sector-9, Rohini, New
Delhi - 110085, India |
|
Date of Birth/Age : |
09.07.1985 |
|
Date of Appointment : |
28.02.2008 |
|
DIN No. : |
01831473 |
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|
|
|
Name : |
Sangeeta Tuteja |
|
Designation : |
Director |
|
Address : |
C-8/59, Block C-8, Sector-5, Rohini, Delhi - 110085, India |
|
Date of Birth/Age : |
15.11.1973 |
|
Date of Appointment : |
16.05.2014 |
|
DIN No. : |
02830940 |
KEY EXECUTIVES
|
Name : |
Mr. Amit Taneja |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Krishna Kant Bansal |
96000 |
|
Sneh Lata Bansal |
96000 |
|
Rakesh Bansal |
1348000 |
|
Manju Bansal |
98000 |
|
Abhinav Bansal |
49000 |
|
Divya Bansal |
60000 |
|
Shivali Bansal |
93000 |
|
Sangeeta Tuteja |
16000 |
|
Rahul Verma |
26000 |
|
Jagmohan Ram |
26000 |
|
Akshay Softec Private Limited, India |
20000 |
|
Yogya Infotech Private Limited, India |
20000 |
|
Lavena Sales Company Private Limited, India |
40000 |
|
Aman Infocom Private Limited, India |
20000 |
|
Unique Conbuild Private Limited, India |
38000 |
|
Safari Tradex Private Limited, India |
40000 |
|
Focus Tradimpex Private Limited, India |
24000 |
|
Magic Infrabuilders Private Limited |
20000 |
|
Divakar Infosolutions Private Limited, India |
20000 |
|
Total |
2150000 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
11.26 |
|
Directors or relatives of Directors |
86.32 |
|
Other top fifty shareholders |
2.42 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Readymade Garments, Ball Bearing Stainless Steel, Plastic
Raw Material, etc. |
|
|
|
|
Exports : |
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|
Products : |
· Readymade Garments · Ball Bearing Stainless Steel · Plastic Raw Material |
|
Countries : |
· Dubai · South Africa · Europe |
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|
Imports : |
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|
Products : |
· Ball Bearing Stainless Steel ·
Plastic Raw Material |
|
Countries : |
· China · Taiwan · Europe |
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|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS:
NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
25 (Approximately) |
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Bankers : |
·
The Hongkong and Sanghai Banking Corporation,
Umang, Plot Cst No. 1406-A/28, 5th Floor, Mind Space, Behind
Inorbit Mall, New Link, Malad (West), Mumbai - 400064, Maharashtra, India |
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Facilities : |
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Auditors : |
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|
Name : |
Goyal and Goyal Chartered Accountants |
|
Address : |
C-2/4, Community Centre, Ashok Vihar, New Delhi, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFG3341C |
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Associates/Subsidiaries : |
Ansa polymers Private Limited Address: SE2, Kutch, Gujarat, India Line of Business: Recycling of Plastic |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,150,000 |
Equity Shares |
Rs.10/- each |
Rs. 21.500 Millions |
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|
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,011,200 |
Equity Shares |
Rs.10/- each |
Rs. 20.112 Millions |
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|
|
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|
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 |
20.112 |
20.112 |
20.112 |
|
(b) Reserves & Surplus |
40.314 |
36.624 |
34.692 |
|
(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) |
60.426 |
56.736 |
54.804 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
155.243 |
1.619 |
2.976 |
|
(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) |
155.243 |
1.619 |
2.976 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
293.161 |
2655.851 |
1117.966 |
|
(c) Other
current liabilities |
727.597 |
657.124 |
591.972 |
|
(d) Short-term
provisions |
1.930 |
1.455 |
0.024 |
|
Total Current
Liabilities (4) |
1022.688 |
3314.430 |
1709.962 |
|
|
|
|
|
|
TOTAL |
1238.357 |
3372.785 |
1767.742 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
9.522 |
10.359 |
9.205 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.100 |
0.100 |
0.100 |
|
(c) Deferred tax assets (net) |
0.487 |
0.315 |
0.149 |
|
(d)
Long-term Loan and Advances |
296.154 |
102.577 |
51.220 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
306.263 |
113.351 |
60.674 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
4.669 |
0.562 |
|
(c) Trade
receivables |
795.003 |
437.268 |
631.702 |
|
(d) Cash
and cash equivalents |
11.292 |
11.049 |
26.123 |
|
(e)
Short-term loans and advances |
125.422 |
2806.283 |
1048.440 |
|
(f) Other current
assets |
0.377 |
0.165 |
0.241 |
|
Total
Current Assets |
932.094 |
3259.434 |
1707.068 |
|
|
|
|
|
|
TOTAL |
1238.357 |
3372.785 |
1767.742 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2512.365 |
2223.810 |
2362.209 |
|
|
|
Other Income |
15.528 |
12.941 |
57.992 |
|
|
|
TOTAL (A) |
2527.893 |
2236.751 |
2420.201 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
2363.390 |
2219.122 |
2401.934 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
4.669 |
(4.107) |
(0.562) |
|
|
|
Employees benefits expense |
2.806 |
2.247 |
1.597 |
|
|
|
Other expenses |
140.734 |
7.687 |
10.780 |
|
|
|
TOTAL (B) |
2511.599 |
2224.949 |
2413.749 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
16.294 |
11.802 |
6.452 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.205 |
0.309 |
0.680 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
16.089 |
11.493 |
5.772 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.214 |
2.296 |
1.597 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
13.875 |
9.197 |
4.175 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.129 |
1.597 |
1.490 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
11.746 |
7.600 |
2.685 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
83.043 |
25.746 |
395.136 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Traded Goods |
NA |
NA |
707.741 |
|
|
TOTAL IMPORTS |
NA |
NA |
707.741 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
1.83 |
0.96 |
1.34 |
|
|
Particulars |
31.03.2014 |
|
|
|
|
Sales Turnover (Approximately) |
3500.000 |
|
|
|
The above information has been parted by Mr. Amit Taneja (Finance
Manager).
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.47 |
0.34 |
0.11 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
0.65 |
0.53 |
0.27 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.12 |
0.27 |
0.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23 |
0.16 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.57 |
0.03 |
0.05 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.91 |
0.98 |
1.00 |
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 |
20.112 |
20.112 |
20.112 |
|
Reserves & Surplus |
34.692 |
36.624 |
40.314 |
|
Net
worth |
54.804 |
56.736 |
60.426 |
|
|
|
|
|
|
long-term borrowings |
2.976 |
1.619 |
155.243 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
2.976 |
1.619 |
155.243 |
|
Debt/Equity
ratio |
0.054 |
0.029 |
2.569 |
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 |
2362.209 |
2223.810 |
2512.365 |
|
|
|
(5.859) |
12.976 |
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 |
2362.209 |
2223.810 |
2512.365 |
|
Profit |
2.685 |
7.600 |
11.746 |
|
|
0.11% |
0.34% |
0.47% |
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 |
Yes |
|
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
four 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) |
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 |
No |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from directors |
151.850 |
0.000 |
|
Loans and advances from others |
2.037 |
0.000 |
|
Total |
153.887 |
0.000 |
FIXED ASSETS
Tangible Assets
· Land
· Buildings
· Furniture and Fixtures
· Plant and Equipment
· Vehicles
·
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 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 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.61.93 |
|
|
1 |
Rs.96.37 |
|
Euro |
1 |
Rs.76.10 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.