1. Summary Information
|
|
|
Country |
India |
|
Company Name |
IL JIN ELECTRONICS
(INDIA) PRIVATE LIMITED |
Principal Name 1 |
Mr. Hyun Chul Sim |
|
Status |
Moderate |
Principal Name 2 |
Mr. Sang Lyeol Cha |
|
|
|
Registration # |
55-112387 |
|
Street Address |
1/24, Asaf Ali Road, Ground Floor, New Delhi – 110002 |
||
|
Established Date |
11.09.2001 |
SIC Code |
-- |
|
Telephone# |
91-11-23234552 / 23234307 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-11-23230819 / 23265278 |
Business Style 2 |
Exporter |
|
Homepage |
Not Available |
Product Name 1 |
Dell Laptops |
|
# of employees |
Not Available |
Product Name 2 |
Computers Hardware |
|
Paid up capital |
Rs.10,274,000/- |
Product Name 3 |
Computer Peripherals |
|
Shareholders |
Directors or relatives of directors-100% |
Banking |
Citibank |
|
Public Limited Corp. |
NO |
Business Period |
13 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B
(27) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associate : |
South Korea |
IL Jin Electronics Company Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
224,223,000 |
Current Liabilities |
313,492,000 |
|
Inventories |
132,802,000 |
Long-term Liabilities |
217,106,000 |
|
Fixed Assets |
412,842,000 |
Other Liabilities |
30,397,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
560,995,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
198,598,000 |
|
|
|
Net Worth |
208,872,000 |
|
Total Assets |
769,867,000 |
Total Liab. & Equity |
769,867,000 |
|
Total Assets (Previous Year) |
729,647,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Turnover |
1,074,771,000 |
Net Profit |
18,178,000 |
|
Turnover (Previous yr) |
913,695,000 |
Net Profit(Prev.yr) |
34,461,000 |
MIRA
INFORM REPORT
|
Report Date : |
20.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
IL JIN ELECTRONICS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1/24, Asaf Ali Road, Ground Floor, New Delhi - 110002 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
11.09.2001 |
|
|
|
|
Com. Reg. No.: |
55-112387 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 10.274 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31909DL2001PTC112387 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI8344L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Computers Hardware, Computer Peripherals
, Banded Laptops, Dell Laptops, Lenove Laptops, Home Computers, Personal
Computers, Workstations, Internet Servers, Computer Networking, Intel Web
designing, Internet Cables , Monitors Cables, Printer Cables, Modem Cables,
etc. |
|
|
|
|
No. of Employees
: |
Not Available |
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 830000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. There appears dip in the profitability of the company during the year
2013. However, trade relation are reported to be fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for business dealings 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Funds Based Limits=BB |
|
Rating Explanation |
Having moderate risk of default |
|
Date |
February, 2013 |
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 : |
1/24, Asaf Ali Road, Ground Floor, New Delhi – 110002, India |
|
Tel. No.: |
91-11-23234552 / 23234307 |
|
Fax No.: |
91-11-23230819 / 23265278 |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
Plot No-27/28, Extenstion No-2, Ecotech-3, Greater Noida, Noida – 201308, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4008600 |
|
|
|
|
Factory 2 : |
Gate No. 1326, Bohrade Mala, Near Bharat Petrol Pump, Pune -412 210, Maharashtra, India |
|
Tel. No.: |
91-2138-611307 |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Hyun Chul Sim |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
Flat No.1511, ATS Green Village, 1st Floor, Sector 93A, Gutam Budh
Nagar, Noida-201301, Uttar Pradesh,
India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.08.1976 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.09.2005 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02007189 |
||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AYQPS3200G |
||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sang Lyeol Cha |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
1953, Ats Iii Green Village, Sector-93 A, Gutam Budh Nagar,
Noida-201305, Uttar Pradesh India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.11.1961 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.09.2006 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02338813 |
||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Hyun Chul Sim |
|
1027428 |
|
Su A Lee |
|
10 |
|
Total |
|
1027438 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Computers Hardware, Computer Peripherals
, Banded Laptops, Dell Laptops, Lenove Laptops, Home Computers, Personal
Computers, Workstations, Internet Servers, Computer Networking, Intel Web
designing, Internet Cables , Monitors Cables, Printer Cables, Modem Cables.
etc |
GENERAL INFORMATION
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
· The Ratnakar Bank Limited Shahupuri,Kolhapur,, Vypari Peth, Kolhapur - 416001, Maharashtra, India · Citibank N.A Jeevan Bharti Building, 4th Floor, 124 Connaught Circus, Connaught Place, New Delhi - 110001, Delhi, India · Shinhan Bank Mercantile House, Upper Ground Floor,, 15, Kasturba Gandhi Marg,, New Delhi - 110001, Delhi, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Financial Institutions : |
Intec Capital Limited, 701,Manjusha, 57 Nehru Place, New
Delhi - 110019, India |
|
|
|
|
Auditors : |
|
|
Name : |
Jaiswal Brajesh and Company Chartered Accountants |
|
Address : |
H-17,18 Office No. 204, 2nd Floor, Main Vikas Marg, Near Metro Pillar No. 35, Laxmi Nagar, New Delhi-110092, India |
|
PAN No.: |
AABFJ7086L |
|
|
|
|
Associate : |
IL Jin Electronics Company Limited, South Korea |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1027438 |
Equity Shares |
Rs.10/- each |
Rs.10.274 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
10.274 |
|
(b) Reserves & Surplus |
|
|
198.598 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
208.872 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
114.539 |
|
(b) Deferred tax liabilities (Net) |
|
|
25.218 |
|
(c) Other long term liabilities |
|
|
1.190 |
|
(d) long-term provisions |
|
|
2.937 |
|
Total Non-current Liabilities (3) |
|
|
143.884 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
102.567 |
|
(b) Trade payables |
|
|
222.804 |
|
(c) Other current
liabilities |
|
|
89.498 |
|
(d) Short-term provisions |
|
|
2.242 |
|
Total Current Liabilities (4) |
|
|
417.111 |
|
|
|
|
|
|
TOTAL |
|
|
769.867 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
412.798 |
|
(ii) Intangible Assets |
|
|
0.044 |
|
(iii) Capital
work-in-progress |
|
|
0.000 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
39.413 |
|
(e) Other Non-current assets |
|
|
0.035 |
|
Total Non-Current Assets |
|
|
452.290 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
132.802 |
|
(c) Trade receivables |
|
|
81.367 |
|
(d) Cash and cash
equivalents |
|
|
5.549 |
|
(e) Short-term loans and
advances |
|
|
96.173 |
|
(f) Other current assets |
|
|
1.686 |
|
Total Current Assets |
|
|
317.577 |
|
|
|
|
|
|
TOTAL |
|
|
769.867 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
10.274 |
10.274 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
179.720 |
145.259 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
189.994 |
155.533 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
240.101 |
87.495 |
|
|
2] Unsecured Loans |
|
3.967 |
2.197 |
|
|
TOTAL BORROWING |
|
244.068 |
89.692 |
|
|
DEFERRED TAX LIABILITIES |
|
19.538 |
10.734 |
|
|
|
|
|
|
|
|
TOTAL |
|
453.600 |
255.959 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
418.199 |
138.031 |
|
|
Capital work-in-progress |
|
0.000 |
107.434 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
136.215
|
107.910
|
|
|
Sundry Debtors |
|
72.446
|
96.318
|
|
|
Cash & Bank Balances |
|
0.752
|
7.532
|
|
|
Other Current Assets |
|
1.410
|
0.000
|
|
|
Loans & Advances |
|
100.625
|
71.166
|
|
Total
Current Assets |
|
311.448
|
282.926
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
204.428
|
250.356
|
|
|
Other Current Liabilities |
|
67.746
|
15.286
|
|
|
Provisions |
|
3.873
|
6.790
|
|
Total
Current Liabilities |
|
276.047
|
272.432
|
|
|
Net Current Assets |
|
35.401
|
10.494
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
453.600 |
255.959 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
1074.771 |
913.695 |
1587.495 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
NA |
NA |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
37.678 |
54.545 |
61.215 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
18.800 |
20.084 |
21.034 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
18.878 |
34.461 |
40.181 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.37 |
33.54 |
39.10 |
|
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%20PRIVATE%20LIMITED%20-%20249917%2020-Jan-2014_files/image002.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20249917%2020-Jan-2014_files/image003.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.89
|
14.54 |
3.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.39 |
0.41 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.03
|
0.58 |
0.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.76
|
1.04 |
1.04 |
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 |
No |
|
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] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
Note:
The registered office of the company has been shifted from New Delhi – 110024, India to present address w.e.f 26.04.2007
UNSECURED LOAN:
Rs. In Millions
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Long Term
Borrowing |
|
|
|
Rupee From Loan From Other |
11.558 |
0.000 |
|
Short Term
Borrowing |
|
|
|
Deposit From Shareholders |
4.816 |
0.000 |
|
Rupee From Loan From Other |
0.000 |
3.967 |
|
Total |
16.374 |
3.967 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10446101 |
21/08/2013 * |
125,000,000.00 |
THE RATNAKAR BANK LIMITED |
SHAHUPURI,KOLHAPUR,VYPARI PETH, KOLHAPUR,MAHAR |
B84805977 |
|
2 |
10435135 |
03/07/2013 |
28,152,800.00 |
INTEC CAPITAL LIMITED |
701,MANJUSHA, 57 NEHRU PLACE, NEW DELHI, DELHI - 110019, INDIA |
B78885803 |
|
3 |
10307845 |
07/09/2011 |
48,000,000.00 |
CITIBANK N.A |
JEEVAN BHARTI BUILDING, 4TH FLOOR, 124 CONNAUGHT |
B21288501 |
|
4 |
10246749 |
29/09/2010 |
200,000,000.00 |
SHINHAN BANK |
MERCANTILE HOUSE, UPPER GROUND FLOOR,, 15,KASTURBA GANDHI MARG,NEW DELHI, DELHI - 110001, INDIA |
A96879333 |
FIXED ASSETS:
·
Plant and Machinery
·
Air Conditioner
·
Computer
·
Generator
·
Electrical Installation
·
Furniture and Fixture
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No 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.61.35 |
|
|
1 |
Rs.100.21 |
|
Euro |
1 |
Rs.83.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
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 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
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.