|
Report Date : |
08.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
RAJIV PETROCHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Rajiv House 4, Smrutikunj, Swastick Cross Road, Near Navrangpura Post
Office, Ahmedabad - 380009, Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
27.10.1993 |
|
|
|
|
Com. Reg. No.: |
04-020527 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.901 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U23209GJ1993PTC020527 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMR01211A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of PVC resin, PET resin, master batches,
LDPE, PP, LDPE, HDPE etc. |
|
|
|
|
No. of Employees
: |
350 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 310000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. There appears losses recorded by the company from its operation
activities during the financial year 2013. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing 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.
ECGC Country Risk Classification List – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
The services sector, the largest contributor to India’s GDP, contracted
for the sixth consecutive month in December, as orders dipped. However, hiring
has risen. Direct tax collections rose 12.3 % during the April – December
period of the current financial year. The government has decided to
retain 100 per cent foreign direct investment in both greenfield (new) and
brown field (existing) pharmaceutical companies, despite concerns over genetic
drugs going out of production, if multi-national companies take over domestic
ones. In M&A deals, a non-compete clause would not be allowed, except in
special circumstances. The Department of Industrial Policy and Promotion plans
to release the next edition of its consolidated foreign direct investment
policy document on March 31, incorporating changes made in the past year. DIPP
compiles all policies related to India’s FDI regime into a single document to
make it easy for investors to understand. 185 million estimated number of
mobile internet users in India by June 2014, according to a report by the
Internet & Mobile Association of India and IMRB International. India
had 110 million mobile internet users with 25 million in rural areas. $3.77 tn
estimated global IT spending in 2014, according to research firm Gartner Inc.
The growth forecast for this year is cut to 3.1 %from the earlier estimate of
3.5 %. The spending growth forecast for telecom services – a segment that
accounts for more than 40 % at total IT spending – from 1.9 per cent to 1.2 per
cent is the main reason for this overall IT cut. A Reserve Bank of India
committee has recommended setting up a special category of lenders who would
cater to small businesses and households, to expand the number of customers
with access to banking services. These banks would focus on providing payment
services and deposit products. Indian banks want the free use of
automated teller machines to be capped at five transactions in a month
including that of the bank in which the account is active. This follows state
government order to banks to install security guards at ATM booths after a
woman banker was assaulted in Bangalore. The government is likely to present a
vote on Account in mid-February. The annual Economic Survey will be tabled
later in Parliament along with the full Budget. A full Budget for 2014/15 is
likely to be present in July by the new government formed after the General
Election. The government will soon launch an internet spy system, called Netra,
to detect malafide messages. Security agency will deploy the system to capture
dubious voice traffic on applications such as Skype and Google Talk, as well as
tweeters.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
BB- (Long Term Bank Facilities) |
|
Rating Explanation |
Moderate risk of default and high credit
risk. |
|
Date |
January 31, 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
A4+ (Short Term Bank Facilities) |
|
Rating Explanation |
Minimal degree at safety and very high
credit risk. |
|
Date |
January 31, 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
31-03-2012.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Ashok Brahmabhat |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-79-26448383 |
|
Date : |
07.02.2014 |
LOCATIONS
|
Registered Office : |
Rajiv House 4, Smrutikunj, Swastick Cross Road, Near Navrangpura Post
Office, Ahmedabad - 380009, Gujarat,
India |
|
Tel. No.: |
91-79-26448383/ 26568571/ 26568574 |
|
Fax No.: |
91-79-26423595 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
10000 Sq. Ft |
|
Location : |
Owned |
|
|
|
|
Factory : |
205/21209, GIDC, Dhalka, Ahmedabad, Gujarat, India |
|
Tel. No.: |
91-271-4248344 |
|
Area : |
10000 Sq. Ft |
|
Location : |
Owned |
DIRECTORS
AS ON 26.09.2013
|
Name : |
Mr. Rajiv Vastupal Mehta |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
30-31, Vasantkunj, New Sharada Mandir, Ahmedabad – 380007, Gujarat,
India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
28.10.1957 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
CA Inter |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.10.1993 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00647906 |
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|
Other Directorship :
|
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|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Jitendra Jatilal Patel |
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|
Designation : |
Director |
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|
Address : |
5, Manavseva Society, Opposite Balol Nagar, Ranip, Ahmedabad – 382480,
Gujarat, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.08.1958 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B.COM |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
16.11.1999 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00871873 |
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|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Ashok Brahmabhat |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Rajiv Vastupal Mehta |
|
837500 |
|
Arati Rajiv Mehta |
|
60000 |
|
Induben Ambalal Parekh |
|
37300 |
|
Rannaben Sanghavi |
|
5000 |
|
Jitendra Ratilal Patel |
|
100 |
|
Chunilal Ganeshdas Patel |
|
100 |
|
Rajiv Enterprise Private Limited, India |
|
50000 |
|
Mayank N. Shah |
|
17 |
|
Ama
Manufacturing and Trading Private Limited, India |
|
9 |
|
Natvarlal C Shah, Girishbhai S Shah and Amitbhai P Shah, Shree Ama and
Company, India |
|
22 |
|
Rajan
Kumudchandra |
|
2 |
|
Piyush
Balvantlal |
|
1 |
|
Gaurang
Balvantlal |
|
1 |
|
Jayantilal
Shantilal |
|
1 |
|
Anubhai
Shantilal |
|
1 |
|
Manish Mahendrabhai |
|
1 |
|
Arvindbhai
Shantilal |
|
2 |
|
Girishchandra
shantllal |
|
1 |
|
Amitbhai
Pramukhlal |
|
2 |
|
Rakshaben
Virendrabhai |
|
1 |
|
Namanbhai
Virendrabhai |
|
1 |
|
Piyush
Balvantlal |
|
1 |
|
Gaurang
Balvantlal |
|
1 |
|
Jayantilal Shantilal |
|
2 |
|
Anubhai
Shantilal |
|
2 |
|
Manish
Mahendrabhai |
|
2 |
|
Arvindbhai
Shantilal |
|
2 |
|
Girishchandra
Shantilal |
|
1 |
|
Amitbhai
Pramukhlal |
|
3 |
|
Rakshaben
Virendrabhai |
|
1 |
|
Namanbhai
Virendrabhai |
|
1 |
|
Rajan Kumudchandra |
|
1 |
|
Ama Distributors
Private Limited, India |
|
26 |
|
Natvarlal
Chimanlal Shah |
|
2 |
|
Manoj Natvarlal |
|
1 |
|
Natvarlal
Chimanlal |
|
1 |
|
|
|
|
|
Total |
|
990109 |
AS ON 26.09.2013
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
5.05 |
|
Directors or relatives of Directors |
94.95 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of PVC resin, PET resin, master batches,
LDPE, PP, LDPE, HDPE etc. |
||||||||||||
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|
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Products : |
|
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|
||||||||||||
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Exports : |
|
||||||||||||
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Products : |
P P Woven Bags |
||||||||||||
|
Countries : |
· Middle East Countries Europe |
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|
|
||||||||||||
|
Terms : |
|
||||||||||||
|
Selling : |
L/C, Cash and Credit |
||||||||||||
|
|
|
||||||||||||
|
Purchasing : |
L/C, Cash and Credit |
PRODUCTION STATUS (AS ON : 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
|
|
|
|
|
PP / HDPE Bags |
Per Annum |
3000000 |
|
Particulars |
Unit |
Actual
Production |
|
PP Bags |
Nos. |
3608641 |
|
PP Waste |
Kgs. |
1978 |
|
PP Tale |
Kgs |
229011 |
|
PP Defective Fab |
Nos. |
1175 |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
350 (Approximately) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
·
Syndicate Bank, Navrangpura Branch, C G Road,
Ahmedabad – 380009, Gujarat, India ·
The Kalupur Commercial Co-Operative Bank Limited |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jain Kedia And
Sharma Chartered Accountants |
|
Address : |
13 Mill Officers
Colony, IInd Floor, Behind. La Gaijar Chambers, Ashram Road,
Ahmedabad-380009, Gujarat, India |
|
PAN No.: |
AABFJ2625B |
|
|
|
|
Associates : |
·
Rajiv Enterprise Private Limited ·
Optic Liting Private Limited ·
Atlantis Products Private Limited |
|
|
|
|
Other Related Parties : |
·
Rajiv Enterprise (Ahmedabad) ·
Rajiv Enterprise (Gujarat) ·
Riddhi Enterprise ·
Optiflex Industries ·
Elegant Enterprise ·
Rajiv Sales ·
Arvi Enterprise ·
Anupam Enterprise ·
Vibrant Impex |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
990109 |
Equity Shares |
Rs.10/- each |
Rs. 9.901
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 |
9.901 |
9.901 |
9.701 |
|
(b) Reserves & Surplus |
67.793 |
69.350 |
55.737 |
|
(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) |
77.694 |
79.251 |
65.438 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
7.889 |
2.909 |
1.930 |
|
(c) Other long term liabilities |
0.055 |
0.947 |
5.338 |
|
(d) long-term provisions |
0.080 |
0.578 |
1.140 |
|
Total Non-current Liabilities (3) |
8.024 |
4.434 |
8.408 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
247.048 |
191.377 |
552.076 |
|
(b) Trade payables |
445.192 |
328.357 |
30.070 |
|
(c) Other current
liabilities |
9.052 |
10.503 |
5.337 |
|
(d) Short-term provisions |
2.970 |
1.410 |
4.478 |
|
Total Current Liabilities (4) |
704.262 |
531.647 |
591.961 |
|
|
|
|
|
|
TOTAL |
789.980 |
615.332 |
665.807 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
75.960 |
98.292 |
72.978 |
|
(ii) Intangible Assets |
1.390 |
1.802 |
2.121 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
12.512 |
|
(b) Non-current Investments |
0.031 |
0.031 |
0.031 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
51.807 |
40.831 |
38.724 |
|
(e) Other Non-current assets |
9.657 |
10.500 |
11.892 |
|
Total Non-Current Assets |
138.845 |
151.456 |
138.258 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
3.843 |
31.736 |
22.167 |
|
(c) Trade receivables |
507.617 |
386.891 |
418.704 |
|
(d) Cash and cash
equivalents |
68.702 |
29.502 |
36.082 |
|
(e) Short-term loans and
advances |
61.931 |
10.433 |
10.394 |
|
(f) Other current assets |
9.042 |
5.314 |
40.202 |
|
Total Current Assets |
651.135 |
463.876 |
527.549 |
|
|
|
|
|
|
TOTAL |
789.980 |
615.332 |
665.807 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
9.456 |
9.245 |
18.826 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.581 |
4.812 |
5.214 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
4.875 |
4.433 |
13.612 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
6.432 |
2.620 |
1.578 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(1.557) |
1.813 |
12.034 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
52.750 |
50.937 |
38.903 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
51.193 |
52.750 |
50.937 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.000 |
0.000 |
3.344 |
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
284.345 |
263.782 |
217.987 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(1.57) |
1.83 |
12.40 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.62
|
0.72 |
2.08 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
0.06 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.18
|
2.41 |
8.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.92
|
0.87 |
0.89 |
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
three years |
No |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
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 |
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 |
Yes |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
133.423 |
89.110 |
|
Loans and advances from others |
13.843 |
2.822 |
|
|
|
|
|
Total |
147.266 |
91.932 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10374438 |
23/08/2012 |
546,000,000.00 |
SYNDICATE BANK |
NAVRANGPURA BRANCH,
MANIKYAM APARTMENT, NAVRANGPURA G. ROAD, AHMEDABAD - 380006, GUJARAT, INDIA |
B57250433 |
|
2 |
10246250 |
03/11/2011 * |
228,000,000.00 |
SYNDICATE BANK |
MANIKYAM
APARTMENTS, SARDAR PATEL NAGAR, ELLISBRIDGE, NAVRANGPURA, AHMEDABAD - 380006,
GUJARAT, INDIA |
B26027847 |
|
3 |
10364344 |
12/12/2006 |
31,700,000.00 |
SYNDICATE BANK |
SARDAR PATEL
NAGAR, NAVRANGPURA, AHMEDABAD - 380006, GUJARAT, INDIA |
A27789585 |
|
4 |
10017846 |
20/04/2012 * |
2,400,000.00 |
SYNDICATE BANK |
NAVRANGPURA BRANCH,
C.G. ROAD, AHMEDABAD - 380006, GUJARAT, INDIA |
B41460213 |
|
5 |
90102280 |
27/05/2011 * |
546,000,000.00 |
SYNDICATE BANK |
NAVRANGPURA
BRANCH, C.G. ROAD, AHMEDABAD - 380006, GUJARAT, INDIA |
B13619556 |
|
6 |
10364625 |
12/10/2002 |
64,000,000.00 |
THE KALUPUR
COMMERCIAL CO.OP. BANK LIMITED |
VIKRAM BRANCH,
SAROJ CHAMBERS, AHMEDABAD - 380009, GUJARAT, INDIA |
A08720716 |
|
7 |
90102203 |
15/02/2012 * |
10,000,000.00 |
SYNDICATE BANK |
NAVRANGPURA BRANCH,
C.G. ROAD, AHMEDABAD - 380006, GUJARAT, INDIA |
B36283752 |
|
8 |
90101609 |
12/03/2001 * |
1,000,000.00 |
SYNDICATE BANK |
NAVRANGPURA
BRANCH, C.G. ROAD, AHMEDABAD - 380006, GUJARAT, INDIA |
- |
* Date of charge modification
PERFORMANCE DURING
THE YEAR
The Company has
made sales of import various grade of LLDPE Manufactured by Basell
International trading FZE, Dubai and PVC Resin of Hanwha Corporation, Korea,
Formosa Plastic Corporation, Taiwan, Polyester film of M/s. Jindal Polyester
Limited. Further The Company has also carried out the business of consignment
activity of M/s. Finolex Industries Limited, M/s. LG Polymers (India) Private
Limited, M/s. Haldia Petrochemicals Limited and HPCL Mittal Energy Limited.
FIXED ASSETS
·
Leasehold Land
·
Building (Flat)
·
Plant And Machineries
·
Computer
·
Air Conditioner
·
Water Cooler
·
Office Equipments
·
Furniture And Fixture
·
Vehicles
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 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. 62.31 |
|
UK Pound |
1 |
Rs. 101.78 |
|
Euro |
1 |
Rs. 84.68 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--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 |
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 |
|
27 |
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.