MIRA
INFORM REPORT
|
Report Date : |
21.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
RAWMET COMMODITIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
40/7, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
24.09.2002 |
|
|
|
|
Com. Reg. No.: |
21-095215 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 13.685 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999WB2002PTC095215 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALR03735E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCR2374M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in trading of steel plant raw minerals like Iron
Ore Fines, Lam Coke, Coking Coal and Steaming Non-Coking Coal. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company having fine track record. The management has failed to file its financial record with government
department for the year 2013. As per available financial of 2012, profitability of the company seems
to be decent. General financial position of the company seems to be sound and
healthy. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 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. Manoj |
|
Designation : |
Account Executive |
|
Contact No.: |
91-674-2470617 |
|
Date : |
20.01.2014 |
LOCATIONS
|
Registered Office : |
40/7, Ballygunge Circular Road, Ballygunge, Kolkata-700019, West
Bengal, India |
|
Tel. No.: |
91-674-2470617 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Head Office : |
134/675, Kolathia Inagia, Handagiri, Bhubaneshwar, Odisha, India |
|
Tel. No.: |
91-674-2470617 |
|
|
|
|
Branch Office: |
Located At · Chennai · Vishakhapatnam |
DIRECTORS
AS ON 30.09.2012
|
Name : |
Mr. Lalitendu Jena |
|
Designation : |
Director |
|
Address : |
70B, BDA Duplex Colony, Baramunda, Bhubaneshwar-751003, India |
|
Date of Birth/Age : |
11.06.1964 |
|
Date of Appointment : |
19.01.2004 |
|
|
AAZPJ2017M |
|
DIN No.: |
00138189 |
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 |
U74999WB2001PTC093565
|
AQUA TERRA
LOGISTICS PRIVATE LIMITED |
Director |
17/01/2004 |
17/01/2004 |
17/06/2013 |
Active |
NO |
|
2 |
U74999WB2002PTC095215
|
RAWMET
COMMODITIES PRIVATE LIMITED |
Director |
19/01/2004 |
19/01/2004 |
- |
Active |
NO |
|
3 |
U13100OR2004PTC007478
|
KHANDAGIRI
RESOURCES PRIVATE LIMITED |
Managing
director |
30/01/2004 |
30/01/2004 |
- |
Active |
NO |
|
4 |
U14299OR1989PTC002284
|
MAHARAJA
MINERALS PRIVATE LIMITED |
Director |
03/07/2006 |
03/07/2006 |
05/05/2009 |
Active |
NO |
|
5 |
U27109OR2004PLC009683
|
T S ALLOYS
LIMITED |
Nominee director
|
17/02/2007 |
17/02/2007 |
09/05/2009 |
Active |
NO |
|
6 |
U24111OR2006PTC008817
|
KL RESOURCES
PRIVATE LIMITED |
Director |
14/06/2007 |
14/06/2007 |
16/07/2013 |
Active |
NO |
|
7 |
U23201OR2011PTC014634
|
KHANDAGIRI
ENTERPRISES PRIVATE LIMITED |
Managing
director |
09/12/2011 |
09/12/2011 |
- |
Active |
NO |
|
8 |
U51420OR2012PTC015161
|
TIERRA
INDUSTRIES PRIVATE LIMITED |
Managing
director |
27/03/2012 |
27/03/2012 |
15/06/2013 |
Active |
NO |
|
Name : |
Mr. Khusroo Khan Parwez |
|
Designation : |
Director |
|
Address : |
AD-250, Sector-I, Salt Lake City, Kolkata-700064, West Bengal, India |
|
Date of Birth/Age : |
04.06.1959 |
|
Date of Appointment : |
24.09.2002 |
|
|
AENPK7758Q |
|
DIN No.: |
00496010 |
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 |
U74999WB2001PTC093565
|
AQUA TERRA
LOGISTICS PRIVATE LIMITED |
Director |
07/08/2001 |
07/08/2001 |
- |
Active |
NO |
|
2 |
U74999WB2002PTC095215
|
RAWMET
COMMODITIES PRIVATE LIMITED |
Director |
24/09/2002 |
24/09/2002 |
- |
Active |
NO |
|
3 |
U27209WB2004PTC098259
|
AVANI MINERALS
PRIVATE LIMITED |
Director |
02/04/2004 |
02/04/2004 |
- |
Strike off |
NO |
|
4 |
U24111OR2006PTC008817
|
KL RESOURCES
PRIVATE LIMITED |
Director |
01/09/2007 |
01/09/2007 |
16/07/2013 |
Active |
NO |
|
5 |
U51909WB2008PTC130591
|
ZION COMMERCIAL
PRIVATE LIMITED |
Director |
14/08/2009 |
14/08/2009 |
08/10/2009 |
Active |
NO |
|
6 |
U14200WB2011PTC161315
|
TERRA MIN
RESOURCES PRIVATE LIMITED |
Director |
28/03/2011 |
28/03/2011 |
- |
Active |
NO |
|
7 |
U51420OR2012PTC015161
|
TIERRA
INDUSTRIES PRIVATE LIMITED |
Director |
27/03/2012 |
27/03/2012 |
15/06/2013 |
Active |
NO |
|
Name : |
Mr. Raju Rangachar |
|
Designation : |
Director |
|
Address : |
66/8A, Cambrae East Dr P V Cherian Crescent Road, Egmore,
Chennai-600008, Tamilnadu, India |
|
Date of Birth/Age : |
21.09.1967 |
|
Date of Appointment : |
25.09.2002 |
|
|
AACPR9538E |
|
DIN No.: |
00930275 |
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 |
U74999WB2001PTC093565
|
AQUA TERRA
LOGISTICS PRIVATE LIMITED |
Director |
08/05/2002 |
08/05/2002 |
17/07/2013 |
Active |
NO |
|
2 |
U74999WB2002PTC095215
|
RAWMET
COMMODITIES PRIVATE LIMITED |
Director |
24/09/2002 |
24/09/2002 |
- |
Active |
NO |
|
3 |
U14200WB2011PTC161315
|
TERRA MIN
RESOURCES PRIVATE LIMITED |
Director |
28/03/2011 |
28/03/2011 |
- |
Active |
NO |
|
4 |
U51420OR2012PTC015161
|
TIERRA
INDUSTRIES PRIVATE LIMITED |
Director |
27/03/2012 |
27/03/2012 |
15/06/2013 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2012
|
Names of Shareholders |
No. of Shares |
|
Sandeep Bhargava |
412199 |
|
Khusroo Parwez Khan |
327011 |
|
Raju Rangachar |
327011 |
|
Lalitendu Jena |
302279 |
|
TOTAL
|
1368500 |
AS ON 30.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
69.88 |
|
Other top fifty shareholders |
30.12 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in trading of steel plant raw minerals like Iron
Ore Fines, Lam Coke, Coking Coal and Steaming Non-Coking Coal. |
|
|
|
|
Imports : |
|
|
Products : |
Coal |
|
Countries : |
·
South Africa ·
Russia ·
Australia
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash / Credit |
|
|
|
|
Purchasing : |
Cash / Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
50 (Approximately) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
·
Standard Chartered Bank, SME Banking, 19 N S
Road, Kolkata-700001, West Bengal, India ·
Bank of Baroda, Bhubaneshwar Main Branch, 91/92,
Bapuji Nagar, Bhubaneshwar-751009, Orissa, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M Raghunath and Company Chartered Accountant |
|
Address : |
Ashoka Chambers, 1st Floor, 6 Garstin Place,
Kolkata-700001, West Bengal, India |
|
PAN No.: |
AAMFM2581J |
|
|
|
|
Associates : |
Rawmet Trading
Private Limited CIN No.:- U51909WB2001PTC093565 Avani Minerals
Private Limited CIN No.:- U27209WB2004PTC098259 |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1368500 |
Equity Shares |
Rs.10/- each |
Rs. 13.685
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
13.685 |
13.685 |
|
(b) Reserves & Surplus |
|
525.880 |
489.111 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
539.565 |
502.796 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.137 |
0.000 |
|
(b) Trade payables |
|
289.175 |
12.361 |
|
(c) Other current
liabilities |
|
31.673 |
24.974 |
|
(d) Short-term provisions |
|
67.363 |
24.526 |
|
Total Current Liabilities (4) |
|
388.348 |
61.861 |
|
|
|
|
|
|
TOTAL |
|
927.913 |
564.657 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
13.084 |
12.090 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
141.751 |
140.309 |
|
(b) Non-current Investments |
|
80.133 |
8.183 |
|
(c) Deferred tax assets (net) |
|
0.227 |
0.182 |
|
(d) Long-term Loan and Advances |
|
5.862 |
6.282 |
|
(e) Other Non-current assets |
|
0.078 |
0.060 |
|
Total Non-Current Assets |
|
241.135 |
167.106 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
169.106 |
15.973 |
|
(b) Inventories |
|
212.003 |
45.430 |
|
(c) Trade receivables |
|
23.579 |
83.151 |
|
(d) Cash and cash
equivalents |
|
146.754 |
148.991 |
|
(e) Short-term loans and
advances |
|
127.740 |
96.662 |
|
(f) Other current assets |
|
7.596 |
7.344 |
|
Total Current Assets |
|
686.778 |
397.551 |
|
|
|
|
|
|
TOTAL |
|
927.913 |
564.657 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
13.685 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
426.498 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
440.183 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
440.183 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
151.160 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
139.822 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
486.237 |
|
|
Sundry Debtors |
|
|
0.528 |
|
|
Cash & Bank Balances |
|
|
148.603 |
|
|
Other Current Assets |
|
|
0.125 |
|
|
Loans & Advances |
|
|
185.953 |
|
Total
Current Assets |
|
|
821.446 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
537.937 |
|
|
Provisions |
|
|
134.308 |
|
Total
Current Liabilities |
|
|
672.245 |
|
|
Net Current Assets |
|
|
149.201 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
440.183 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
|
|
GROSS INCOME |
1309.900 |
1631.343 |
1677.993 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
408.154 |
100.181 |
99.405 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
15.447 |
10.227 |
0.430 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
392.707 |
89.954 |
98.975 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.329 |
2.240 |
2.644 |
|
|
|
|
|
|
|
|
|
|
PRIOR PERIOD
ADJUSTMENT |
0.059 |
0.134 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
390.319 |
87.580 |
96.331 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
67.259 |
24.967 |
29.679 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
323.060 |
62.613 |
66.652 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
431.797 |
369.184 |
393.793 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend Distributed |
246.330 |
0.000 |
78.005 |
|
|
|
Dividend Distributed Tax |
39.961 |
0.000 |
13.256 |
|
|
BALANCE CARRIED
TO THE B/S |
468.566 |
431.797 |
369.184 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
236.07 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
55.30
|
21.05 |
9.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.72
|
0.17 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.77
|
6.43 |
1.22 |
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
VIEW INDEX OF
CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
10113592 |
29/05/2012 * |
140,000,000.00 |
STANDARD CHARTERED BANK |
SME BANKING, 19, N. S. ROAD, KOLKATA, WEST
BENGAL- 700001, INDIA |
B41704826 |
|
* Date of charge modification |
||||||
FIXED ASSETS
·
Land
·
Building
·
Furniture and Fixtures
·
Plant and Machinery
·
Computer
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.61.63 |
|
|
1 |
Rs.101.25 |
|
Euro |
1 |
Rs.83.42 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
50 |
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.