|
Report Date : |
07.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
IMPERIA STRUCTURES LIMITED |
|
|
|
|
Registered
Office : |
A-25, Mohan Co-operative Industrial Estate, Mathura Road, New
Delhi-110044 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
05.02.2010 |
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|
|
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Com. Reg. No.: |
55-198791 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs.17.500
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45400DL2010PLC198791 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELI07847A |
|
|
|
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PAN No.: [Permanent Account No.] |
AACCI2321R |
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|
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Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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Line of Business
: |
The company is engaged in the Act of Infrastructure Development, Real
Estate Promoters, Developer and Project Association. |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
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Payment Behaviour : |
Slow |
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|
|
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Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record.
Company has incurred huge loss which has eroded networth of the company. However, trade relation are fair. Business is active. Payment terms
are slow. The company can be considered for business dealing on a safe and
secured 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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
India’s current account
deficit narrowed in the quarter ended September as government measures to curb
imports, especially gold, kicked in. The current account deficit, the
excess of a country’s imports of goods and services over exports, narrowed to $
5.2 billion from $ 21 billion in the year ago period, according to provisional
Reserve Bank of India data. Finance Minister P. Chidambaram said the CAD for
the year will be less than $ 60 billion or 3 per cent of GDP and the latest
data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third quarter,
according to a study by RSA. India ranks fourth in the list of nations hit by
phishing attacks. The US remained at the top of the charts. Phishing is the
process of acquiring information such as user names, passwords and credit card
details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
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.
LOCATIONS
|
Registered Office : |
A-25, Mohan Co-operative Industrial Estate, Mathura Road, New
Delhi-110044, India |
|
Tel. No.: |
91-11-46469999 |
|
Fax No.: |
91-11-46469900 |
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E-Mail : |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Harpreet Singh Batra |
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|
Designation : |
Whole Time Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Address : |
8/16, Kalkaji Extension, New Delhi-110019, India |
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Date of Birth/Age : |
10.05.1970 |
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Date of Appointment : |
01.04.2012 |
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Din No.: |
00047202 |
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Other Directorship:
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|
Name : |
Mr. Brajinder Singh Batra |
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|
Designation : |
Whole Time Director |
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|
Address : |
8/16, Kalkaji Extension, New Delhi-110019, India |
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Date of Birth/Age : |
06.09.1973 |
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Date of Appointment : |
01.04.2012 |
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Din No.: |
00047184 |
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Other Directorship:
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Name : |
Mr. Kamaljit Kaur Batra |
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|
Designation : |
Whole Time Director |
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|
Address : |
8/16, Kalkaji Extension, New Delhi-110019, India |
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Date of Birth/Age : |
20.11.1970 |
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Date of Appointment : |
01.04.2012 |
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Din No.: |
02172605 |
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Other Directorship:
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|
Name : |
Harneet Kaur Batra |
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Designation : |
Whole Time Director |
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|
Address : |
8/16, Kalkaji Extension, New Delhi-110019, India |
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Date of Birth/Age : |
14.05.1980 |
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Date of Appointment : |
01.04.2012 |
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Din No.: |
02172614 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Harpreet Singh Batra |
|
820000 |
|
Brajinder Singh Batra |
|
820000 |
|
Harneet Kaur Batra |
|
4000 |
|
Kamaljit Kaur Batra |
|
4000 |
|
Sukhcharan Singh Wadhwa |
|
1000 |
|
Navneet Kaur Wadhwa |
|
500 |
|
Shubjit Kaur |
|
500 |
|
Guru Nanak Info Tech Private Limited, India |
|
100000 |
|
|
|
|
|
TOTAL
|
|
1750000 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
5.71 |
|
Directors
or relatives of directors |
|
94.29 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the Act of Infrastructure Development, Real
Estate Promoters, Developer and Project Association. |
GENERAL INFORMATION
|
Customers : |
·
Videocon ·
Tata ·
Blue Star ·
Citibank ·
Siemens ·
Reliance ·
Samsung ·
Legrand ·
Globerian ·
GE Money ·
Diesl ·
Larsen and Toubro ·
Aptara ·
Voltas Limited ·
Pentair |
|||||||||||||||||||||
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|
|||||||||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
· Corporation Bank, Corporate Banking Branch, 10th, Floor H.T. House, 18/20, K.G. Marg, Connaught Place, New Delhi - 110001, India · Bank of Baroda, Sector 53, Gurgaon - 122011, Haryana, India · Corporation Bank, Industrial Finance Branch, 16/10,1st Floor, Main Arya Samaj Road, New Delhi - 110005, India |
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Facilities : |
|
|||||||||||||||||||||
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Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
O.P. Bagla and Company Chartered Accountants |
|
Address : |
8/12, Kalkaji Extension, New Delhi-110019, India |
|
Tel No.: |
91-11-26436190/ 26412939/ 26239913 |
|
Fax No.: |
91-11-26239912 |
|
Email : |
|
|
Website : |
|
|
PAN No: |
AAAFO1030A |
|
|
|
|
Associates : |
·
S Tech Info Private Limited ·
Spacewalk IT Solutions Private Limited ·
Times Shopee Centre Private Limited ·
Good Health Accessories India Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5500000 |
Equity Shares |
Rs.10/- each |
Rs.55.000 Millions |
|
5000000 |
Preferences Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
TOTAL
|
|
Rs.105.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1750000 |
Equity Shares |
Rs.10/- each
|
Rs.17.500
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 |
17.500 |
17.500 |
0.500 |
|
(b) Reserves & Surplus |
(18.500) |
3.489 |
1.581 |
|
(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) |
(1.000) |
20.989 |
2.081 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
91.917 |
50.790 |
4.123 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.455 |
|
(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) |
91.917 |
50.790 |
4.578 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
5.101 |
0.000 |
7.040 |
|
(b)
Trade payables |
57.472 |
51.683 |
13.258 |
|
(c)
Other current liabilities |
1903.996 |
1014.212 |
427.041 |
|
(d) Short-term
provisions |
1.943 |
1.634 |
0.450 |
|
Total Current
Liabilities (4) |
1968.512 |
1067.529 |
447.789 |
|
|
|
|
|
|
TOTAL |
2059.429 |
1139.308 |
454.448 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
64.178 |
30.928 |
13.550 |
|
(ii)
Intangible Assets |
0.521 |
0.293 |
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) |
8.822 |
(1.274) |
0.000 |
|
(d) Long-term Loan and Advances |
9.767 |
248.325 |
0.600 |
|
(e) Other
Non-current assets |
28.393 |
0.050 |
0.050 |
|
Total Non-Current
Assets |
111.681 |
278.322 |
14.200 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1030.484 |
381.273 |
88.632 |
|
(c)
Trade receivables |
0.000 |
8.473 |
0.000 |
|
(d) Cash
and cash equivalents |
112.318 |
9.953 |
7.987 |
|
(e)
Short-term loans and advances |
755.199 |
463.713 |
337.400 |
|
(f)
Other current assets |
49.747 |
(2.426) |
6.229 |
|
Total
Current Assets |
1947.748 |
860.986 |
440.248 |
|
|
|
|
|
|
TOTAL |
2059.429 |
1139.308 |
454.448 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
337.586 |
449.992 |
164.796 |
|
|
|
Other Income |
17.216 |
0.610 |
0.452 |
|
|
|
TOTAL (A) |
354.802 |
450.602 |
165.248 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Flats/ Plots |
117.000 |
58.620 |
0.000 |
|
|
|
Cost of Land/Cost of Development Rights |
402.249 |
180.839 |
57.557 |
|
|
|
Construction and Development Cost |
129.857 |
327.218 |
97.799 |
|
|
|
Employee Benefits Expenses |
27.245 |
26.464 |
4.622 |
|
|
|
Administration and Other Expenses |
185.400 |
142.043 |
73.728 |
|
|
|
Changes in Inventories |
(488.536) |
(292.641) |
(71.845) |
|
|
|
TOTAL (B) |
373.215 |
442.543 |
161.861 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(18.413) |
8.059 |
3.387s |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.595 |
4.123 |
0.312 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(27.008) |
3.936 |
3.075 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.264 |
0.897 |
0.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(32.272) |
3.039 |
2.375 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(10.035) |
1.132 |
0.804 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(22.237) |
1.907 |
1.571 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
(12.71) |
3.87 |
31.41 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(6.27)
|
0.42 |
0.95 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(9.55)
|
0.67 |
1.44 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.57)
|
0.27 |
0.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
32.27
|
0.14 |
1.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
(97.02)
|
2.42 |
5.36 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.99
|
0.81 |
0.98 |
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 |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
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 |
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth 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 |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10464305 |
29/11/2013 |
160,000,000.00 |
RELIGARE FINVEST
LIMITED |
D3, P3B,,
DISTRICT CENTRE, SAKET, NEW DELHI -
110017, INDIA |
B91169698 |
|
2 |
10348003 |
02/03/2012 |
100,000,000.00 |
RELIGARE FINVEST
LIMITED |
D3, P3B,,
DISTRICT CENTRE, SAKET, NEW DELHI -
110017, INDIA |
B37089620 |
|
3 |
10304803 |
12/07/2011 |
148,200,000.00 |
CORPORATION BANK
CORPORATE BANKING BRANCH |
10TH, FLOOR H.T.
HOUSE, 18/20,K.G.MARG,CONNAUGHT |
B19867845 |
|
4 |
10305826 |
13/11/2010 |
96,700,000.00 |
BANK OF BARODA |
SECTOR 53, GURGAON
- 122011, HARYANA, INDIA |
B14700439 |
|
5 |
10126895 |
17/10/2008 |
175,200,000.00 |
CORPORATION BANK |
INDUSTRIAL
FINANCE BRANCH, 16/10,1ST FLOOR,MAIN A |
A49307747 |
PERFORMANCE REVIEW:
During the year, the company has earned a loss
of Rs.22.237 Millions as compared to profit of Rs.1.907 Millions in the
previous year. The directors expect that the initiatives undertaken will result
in improvement in financial result in the coming years. The details of
financial performance of the company are appearing in the balance sheet and
profit and loss account for the year.
|
Unsecured Loan |
As
on 31.03.2013 [Rs.
in Millions] |
As
on 31.03.2012 [Rs.
in Millions] |
|
Short Term
Borrowings |
|
|
|
Loans Repayable
on Demand |
|
|
|
From Others |
5.101 |
0.000 |
|
TOTAL
|
5.101 |
0.000 |
|
NOTES: 1.
There is no stipulation made with respect of
repayment of the loan taken. 2.
There has been no default on the balance sheet date
in repayment of loan and interest. 3.
The applicable rate of interest is 9% per annum. |
||
FIXED ASSETS:
·
Building Renovation
·
Furniture and Fixtures
·
Air Conditioner
·
Electric and Office
Equipment
·
Electrification and
Cabling
·
Computer System
·
Generator Set
·
Software
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.62.33 |
|
|
1 |
Rs.101.99 |
|
Euro |
1 |
Rs.84.62 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
1 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
1 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
11 |
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.