|
Report Date : |
17.01.2014 |
|
el. No.: |
91-285-2660888/2661008 |
|
Fax No.: |
91-285-2661008 |
IDENTIFICATION DETAILS
|
Name : |
MARS BEARINGS COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
501/1, GIDC Industrial Estate, Phase – II, Dolatpara, Junagadh-362003,
Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
14.09.1995 |
|
|
|
|
Com. Reg. No.: |
04-027479 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.6.399 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36999GJ1995PTC027479 |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Spherical Roller Bearings,
Radial Ball Bearings, Angular Contact Ball Bearings, Cylindrical Roller
Bearing, Ball Bearings, Tapered Roller Bearings And Special Purpose Bearings. |
|
|
|
|
No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 25000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behavior : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There appears accumulated losses recorded by the company which seems
to be decreasing over year. However, the company has achieved profit 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 – 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.
INFORMATION PARTED BY
|
Name : |
Mr. Natvar Sharma |
|
Designation : |
Director |
|
Contact No.: |
91-9712194121 |
|
Date : |
02.01.2014 |
LOCATIONS
|
Registered/ Factory Office : |
501/1, GIDC Industrial Estate, Phase – II, Dolatpara, Junagadh-362003,
Gujarat, India |
|
Tel. No.: |
91-285-2660888/2661008 |
|
Mobile No.: |
91-9712194121 (Mr. N. R. Sharma) |
|
Fax No.: |
91-285-2661008 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 18.09.2013
|
Name : |
Mr. Natvar Ruparanjan Sharma |
|
Designation : |
Director |
|
Address : |
A/3-502, Royal Apartment, Jayshri Road, Junagadh – 362001, Gujarat,
India |
|
Date of Appointment : |
14.09.1995 |
|
DIN No.: |
01923585 |
|
Name : |
M/s. Roshniben Harjivanbhai Bhalodia |
|
Designation : |
Director |
|
Address : |
Block No.65 – B. Jitendra Park, Zanzarda Road, Junagadh – 362001, Gujarat, India |
|
Date of Appointment : |
14.09.1995 |
|
DIN No.: |
00704252 |
|
Name : |
Mr. Tarangkumar Shirishbhai Mehta |
|
Designation : |
Director |
|
Address : |
Chanakya Apartment, Block No.103, Nehru Park Society, Junagadh –
362001, Gujarat, India |
|
Qualification : |
14.09.1995 |
|
DIN No.: |
00704335 |
|
Name : |
Mr. Dharmendra Hariprasad Dave |
|
Designation : |
Director |
|
Address : |
A-03/302, Prasang Apartment, Talav Gate, Talav Gate Road, Junagadh –
362001, Gujarat, India |
|
Date of Appointment : |
14.09.1995 |
|
DIN No.: |
00704298 |
|
Name : |
Mr. Harjivanbhai Parshottambhai Bhalodia |
|
Designation : |
Director |
|
Address : |
Block No.65 – B. Jitendra Park, Zanzarda Road, Junagadh – 362001, Gujarat, India |
|
Date of Appointment : |
30.09.2003 |
|
DIN No.: |
00704361 |
|
Name : |
M/s. Meenaxiben Hiteshkumar Solanki |
|
Designation : |
Director |
|
Address : |
A-1, 403, Royal Apartment, Near Jalaram Society, Junagadh – 362001,
Gujarat, India |
|
Date of Appointment : |
30.09.2003 |
|
DIN No.: |
00708686 |
|
Name : |
M/s. Anishaben Iqbalbhai Sorathia |
|
Designation : |
Director |
|
Address : |
Bhatiya Dharmashala Road, Near Mathibhu Masjid, Huseni Chock, Junagadh
– 362001, Gujarat, India |
|
Date of Appointment : |
30.09.2003 |
|
DIN No.: |
01923629 |
|
Name : |
M/s. Dipika Tarangbhai Mehta |
|
Designation : |
Director |
|
Address : |
Chanakya B, Block No.103, Zanzarda Road, Junagadh – 362001, Gujarat, India |
|
Date of Appointment : |
14.09.1995 |
|
DIN No.: |
01923681 |
|
Name : |
M/s. Nilima Natvar Sharma |
|
Designation : |
Director |
|
Address : |
A/3 Royal Apartment, Block No.502, Talav Gate, Junagadh – 362001,
Gujarat, India |
|
Date of Appointment : |
30.09.2003 |
|
DIN No.: |
01923851 |
|
Name : |
Mr. Iqbalbhai Sulemanbhai Sorathia |
|
Designation : |
Director |
|
Address : |
Bhatiya Dharmashala Road, Near Mathibhu Masjid, Huseni Chock, Junagadh
– 362001, Gujarat, India |
|
Date of Appointment : |
01.04.2012 |
|
DIN No.: |
05262937 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U36999GJ1995PTC027479 |
MARS BEARINGS
COMPANY PVT LTD |
Director |
21/09/2012 |
01/04/2012 |
- |
Active |
NO |
|
Name : |
Mr. Hiteshbhai Mansukhlal Solanki |
|
Designation : |
Director |
|
Address : |
A-1, 403, Royal Apartment, Near Jalaram Society, Junagadh – 362001,
Gujarat, India |
|
Date of Appointment : |
14.09.1995 |
|
DIN No.: |
00704270 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U36999GJ1995PTC027479 |
MARS BEARINGS
COMPANY PVT LTD |
Director |
14/09/1995 |
14/09/1995 |
- |
Active |
NO |
|
2 |
U17120GJ2012PTC068946 |
VASUDEV GINNING
& PRESSING PRIVATE LIMITED |
Director |
08/02/2012 |
08/02/2012 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 18.09.2013
|
Names of Shareholders |
No. of Shares |
|
Natvar Ruparanjan Sharma |
35010 |
|
Hiteshbhai Mansukhlal Solanki |
32700 |
|
Iqbalbhai Sulemanbhai Sorathia |
35310 |
|
Roshniben Harjivanbhai Bhalodia |
48000 |
|
Tarangkumar Shirishbhai Mehta |
52900 |
|
Dharmendra Hariprasad Dave |
57000 |
|
Nilima Natvar Sharma |
20200 |
|
Harjivanbhai Parshottambhai Bhalodia |
40000 |
|
Meenaxiben Hiteshkumar Solanki |
38000 |
|
Dipika Tarangbhai Mehta |
25100 |
|
Amir Iqbalbhai Sorathia |
12500 |
|
Dilipbhai M Solanki |
12500 |
|
Prakash S. Mehta |
7600 |
|
Ashok R. Dave |
11700 |
|
Suleman D. Sorathia |
21500 |
|
Suchetaben R. Sharma |
16700 |
|
Rupranjan G. Sharma |
43090 |
|
Prabhaben M. Solanki |
7500 |
|
Mansukhlal G. Solanki |
4000 |
|
Ashuben V. Bhas |
6000 |
|
Rajak A Sorathia |
5500 |
|
Sameeraben R. Sorathia |
4000 |
|
Anishaben I. Sorathia |
30190 |
|
Architaben S. Mehta |
2500 |
|
Shirishchandra M. Mehta |
7000 |
|
Meenaben D. Dave |
20600 |
|
Niruben D. Solanki |
10500 |
|
Hariprasad Dave |
5800 |
|
Sagar S. Mehta |
5900 |
|
Abhishek Dilipbhai Solanki |
6800 |
|
Dharmendra H Dave HUF |
5000 |
|
Harjivanbhai P. Bhalodia HUF |
8800 |
|
|
|
|
Total |
639900 |
AS ON 18.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
|
|
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Spherical Roller Bearings,
Radial Ball Bearings, Angular Contact Ball Bearings, Cylindrical Roller
Bearing, Ball Bearings, Tapered Roller Bearings And Special Purpose Bearings. |
|
|
|
|
Terms : |
|
|
Selling : |
L/C / Credit |
|
|
|
|
Purchasing : |
L/C / Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Jainco Bearings Private Limited ·
Sheetal Engineering |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Customers : |
End Users ·
Om Trading Company ·
Active Industries |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
25 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
·
Bank of India – Janta Chowk, Junagadh – 362001,
Gujarat, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
C. Javiya and Company Chartered Accountants |
|
Address : |
10, Bhalia Bhavan, Near Jayshri Talkies, Junagadh – 362001, Gujarat,
India |
|
Tel. No.: |
91-285-2624247 |
|
PAN
No.: |
ABUPJ6672N |
CAPITAL STRUCTURE
AS ON 18.09.2013
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Share |
Rs.10/- each |
Rs.7.500 Millions |
|
|
|
|
|
Issued, Subscribed and Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
639900 |
Equity Share |
Rs.10/- each |
Rs.6.399 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 |
6.399 |
4.990 |
4.709 |
|
(b) Reserves & Surplus |
(0.362) |
(0.636) |
(0.850) |
|
(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) |
6.037 |
4.354 |
3.859 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3.202 |
2.698 |
2.372 |
|
(b) Deferred tax liabilities (Net) |
0.301 |
0.078 |
0.054 |
|
(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) |
3.503 |
2.776 |
2.426 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
9.632 |
7.267 |
5.719 |
|
(c) Other current
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term provisions |
0.147 |
0.000 |
0.000 |
|
Total Current Liabilities (4) |
9.779 |
7.267 |
5.719 |
|
|
|
|
|
|
TOTAL |
19.319 |
14.397 |
12.004 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1.852 |
1.610 |
1.112 |
|
(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 |
0.013 |
0.013 |
0.013 |
|
(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 |
0.000 |
0.000 |
0.068 |
|
Total Non-Current Assets |
1.865 |
1.623 |
1.193 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
|
|
(b) Inventories |
7.082 |
4.697 |
3.510 |
|
(c) Trade receivables |
9.822 |
7.763 |
7.291 |
|
(d) Cash and cash
equivalents |
0.550 |
0.314 |
0.010 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
17.454 |
12.774 |
10.811 |
|
|
|
|
|
|
TOTAL |
19.319 |
14.397 |
12.004 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
36.932 |
31.237 |
19.973 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
36.932 |
31.237 |
19.973 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
28.802 |
23.914 |
15.144 |
|
|
|
Other Expenses |
7.079 |
6.370 |
4.251 |
|
|
|
TOTAL (B) |
35.881 |
30.284 |
19.395 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1.051 |
0.953 |
0.578 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.447 |
0.386 |
0.325 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.604 |
0.567 |
0.253 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.210 |
0.184 |
0.109 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.394 |
0.383 |
0.144 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
0.120 |
0.120 |
---- |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
0.274 |
0.263 |
---- |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.10/-) |
0.42 |
0.52 |
---- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total
Income |
(%) |
0.74
|
0.84 |
---- |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.07
|
1.23 |
0.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.04
|
2.66 |
1.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
0.09 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.53
|
0.62 |
0.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.78
|
1.76 |
1.89 |
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 |
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
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
--- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
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 |
UNSECURED LOAN
|
PARTICULAR |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
From Shareholder
and Relatives |
|
|
|
Unsecured Loan
and Deposits |
|
|
|
Anishaben Iqbalbhai Sorathia |
0.350 |
0.345 |
|
Dharmendra H. Dave HUF |
0.105 |
0.100 |
|
Dipikaben T. Mehta |
0.070 |
0.060 |
|
P. M. Solanki |
0.116 |
0.100 |
|
Rupranjan G. Sharma |
0.130 |
0.400 |
|
Roshniben H. Bhalodia |
0.100 |
0.240 |
|
Suchetaben R. Sharma |
0.744 |
0.640 |
|
Sulemanbhai D. Sorathia |
0.395 |
0.340 |
|
Tarangbhai S. Mehta |
0.000 |
0.080 |
|
Hitesh M. Solanki HUF |
0.100 |
0.000 |
|
Harjivanbhai P. Bhalodia HUF |
0.276 |
0.000 |
|
|
|
|
|
TOTAL |
2.386 |
2.305 |
VIEW INDEX OF CHARGES
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10469850 |
09/12/2013 |
690,000.00 |
Bank of India |
Junagadh Branch,
Janta Chowk, Junagadh, Gujarat - |
B93393205 |
|
2 |
80059168 |
17/06/2002 |
400,000.00 |
BANK OF INDIA |
JANTA CHOWK,
JUNAGADH, Gujarat - 362001, INDIA |
- |
|
3 |
80059167 |
19/10/2010 * |
900,000.00 |
BANK OF INDIA |
JANTA CHOWK,
JUNAGADH, Gujarat - 362001, INDIA |
A98328073 |
|
4 |
80059166 |
09/12/2013 * |
1,690,000.00 |
Bank of India |
Junagadh Branch,
Janta Chowk, Junagadh, Gujarat - |
B93391092 |
FIXED ASSETS
·
Air Conditioner
·
Computer System
·
Electric Fications
·
Factory Building
·
Factory Land
·
Furniture and Fitting
·
Getz Car Vehicle
·
Indica Car Vehicle
·
Machinery
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.61.59 |
|
|
1 |
Rs.101.09 |
|
Euro |
1 |
Rs.83.99 |
INFORMATION DETAILS
|
Information
Gathered by : |
NTR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
NO |
|
--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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.