MIRA INFORM REPORT
|
Report Date : |
24.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
RAYBAN FOODS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
T-301, 302, Third Floor, LSC Plot No. 6, Chetan Complex, Shreshtha
Vihar, Delhi – 110 092 |
|
|
|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
15.02.2006 |
|
|
|
|
Com. Reg. No.: |
55-217073 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.840 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15111DL2006PTC217073 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Poultry Feeds Supplement and Tallow. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 51000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having moderate track record. The management has failed to file its financial with government
department for the year 2012 and 2013. As per previous financial of 2011, profitability of the company
appears to be low. However, trade relations are fair. Business is active. Payment terms
are unknown. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term Loan=B+ |
|
Rating Explanation |
Risk prone credit quality and high risk of
default. |
|
Date |
January, 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.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Rashid |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-9837771215 |
|
Date : |
23.01.2014 |
LOCATIONS
|
Registered Office : |
T-301, 302, Third Floor, LSC Plot No. 6, Chetan Complex, Shreshtha
Vihar, Delhi – 110 092, India |
|
Tel. No.: |
91-122-2316786 / 2317786 |
|
Mobile No.: |
91-9654175336 (Mr. Naushad Elahi) 91-9837771215 (Mr. Rashid) |
|
Fax No.: |
91-122-2302920 / 2300486 |
|
E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
|
|
|
Factory : |
Old Chungi, Rampur Marg, Buland Shahar Road, Hapur – 245 101, Uttar
Pradesh, India |
DIRECTORS
AS ON 05.09.2011
|
Name : |
Mr. Naushad Elahi |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
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|
Address : |
1006, Kolta Mewatiyan, Hapur – 245 101, Uttar Pradesh, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
26.02.1978 |
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|
Date of Appointment : |
15.02.2006 |
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DIN No.: |
01136882 |
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Other Directorship:
|
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|
Name : |
Mr. Ikram Elahi |
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|
Designation : |
Director |
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|
Address : |
1006, Kolta Mewatiyan, Hapur – 245 101, Uttar Pradesh, India |
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Date of Birth/Age : |
20.02.1971 |
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|
Date of Appointment : |
15.02.2006 |
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DIN No.: |
00435194 |
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Other Directorship:
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|
Name : |
Mrs. Imrana Begum |
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|
Designation : |
Director |
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|
Address : |
1006, Kolta Mewatiyan, Hapur – 245 101, Uttar Pradesh, India |
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|
Date of Birth/Age : |
10.06.1976 |
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|
Date of Appointment : |
15.10.2008 |
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|
DIN No.: |
02399097 |
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|
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|
Name : |
Mrs. Mumtaz Elahi |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
1006, Kolta Mewatiyan, Hapur – 245 101, Uttar Pradesh, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.07.1985 |
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|
Date of Appointment : |
15.10.2008 |
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DIN No.: |
02507931 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Rashid |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS
AS ON 05.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Ikram Elahi |
|
145000 |
|
Naushad Elahi |
|
45000 |
|
Mumtaz Elahi |
|
110100 |
|
Imrana Begum |
|
100 |
|
Dilshad |
|
43600 |
|
Haji Haneef |
|
65100 |
|
Mohd. Elahi |
|
45100 |
|
Rizwan |
|
20100 |
|
Devendra Sharma |
|
60000 |
|
Farzana |
|
22500 |
|
Imrana |
|
22000 |
|
Khalil Ahmed |
|
41500 |
|
Mohd. Khalid |
|
24000 |
|
Mohd. Rashid |
|
32000 |
|
Mohd. Shahid |
|
24000 |
|
Nafisa |
|
51000 |
|
Nasreen |
|
50500 |
|
Rayban Organics Private Limited, India |
|
100 |
|
Sachin Sharma |
|
17000 |
|
Shahana |
|
48000 |
|
Shameem Yad Elahi |
|
50000 |
|
Shameem Khalil Ahmed |
|
49500 |
|
Syed Nazrul Islam |
|
17800 |
|
|
|
|
|
Total |
|
984000 |
LIST OF ALLOTTEES:
AS ON 31.03.2012
|
Names of Shareholders |
|
No. of Shares |
|
Naushad Elahi |
|
40000 |
|
Ikram Elahi |
|
40000 |
|
Zam Zam Frozen Foods |
|
141800 |
|
Aliffa Agro India Private Limited, India |
|
100000 |
|
|
|
|
|
Total |
|
321800 |
LIST OF ALLOTTEES:
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Ararat Developers Private Limited, India |
|
96153 |
|
Manak Commercials Private Limited, India |
|
96153 |
|
Intelligent Share Brokers Private Limited,
India |
|
96153 |
|
Purus Builders Private Limited, India |
|
96153 |
|
Imrana Begum |
|
48076 |
|
Mumtaz Elahi |
|
48076 |
|
Zam Zam Frozen Foods |
|
496153 |
|
|
|
|
|
|
|
976917 |
Equity Share Break up (Percentage of Total Equity)
AS ON 05.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
84.66 |
|
Other |
15.34 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Poultry Feeds Supplement and Tallow. |
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|
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Exports : |
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Products : |
Finished Goods |
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Terms : |
|
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Selling : |
Cash and Credit |
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|
|
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
100 (Approximately) |
|
|
|
|
Bankers : |
·
Corporation Bank, Karol Bagh, New Delhi, India ·
HDFC Bank Limited, Hapur, Uttar Pradesh, India ·
IndusInd Bank, Hapur, Uttar Pradesh, India ·
Punjab and Sind bank, Hapur, Uttar Pradesh, India ·
UCO Bank ·
State Bank of India, Delhi, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jalaj Parashar and Company Chartered Accountants |
|
Address : |
Noida, Uttar Pradesh, India |
|
|
|
|
Auditors : |
|
|
Name : |
Abhishek Sunil Agarwal and Associates |
|
Address : |
1st Floor, Lakhi Ram Market, Atta Market, Noida – 201 301,
Uttar Pradesh, India |
|
Mobile No.: |
91-9358188887 / 9350988887 |
|
PAN No.: |
AFVPA3244E |
CAPITAL STRUCTURE
AS ON 05.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
984000 |
Equity Shares |
Rs.10/- each |
Rs.9.840 Millions |
|
|
|
|
|
AFTER 05.09.2011
Authorised Capital : Rs.30.000 Millions
Issued, Subscribed & Paid-up Capital : Rs.29.769
Millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
9.840 |
9.840 |
0.106 |
|
|
2] Share Application Money |
0.000 |
0.000 |
4.305 |
|
|
3] Reserves & Surplus |
3.053 |
0.337 |
0.062 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
12.893 |
10.177 |
4.473 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
8.000 |
0.000 |
9.285 |
|
|
TOTAL BORROWING |
8.000 |
0.000 |
9.285 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
20.893 |
10.177 |
13.758 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
59.391 |
16.973 |
12.265 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
2.619 |
2.508 |
1.375 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
12.823
|
0.702 |
0.000 |
|
|
Sundry Debtors |
16.037
|
3.497 |
0.000 |
|
|
Cash & Bank Balances |
39.999
|
1.523 |
0.004 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
0.946
|
2.671 |
0.002 |
|
Total
Current Assets |
69.805
|
8.393 |
0.006 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000 |
0.000 |
0.000 |
|
|
Other Current Liabilities |
109.316
|
0.000 |
0.000 |
|
|
Provisions |
1.667
|
17.791 |
0.015 |
|
Total
Current Liabilities |
110.983
|
17.791 |
0.015 |
|
|
Net Current Assets |
(41.178)
|
(9.398) |
(0.009) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.061 |
0.094 |
0.127 |
|
|
|
|
|
|
|
|
TOTAL |
20.893 |
10.177 |
13.758 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
337.377 |
36.700 |
0.000 |
|
|
|
Other Income |
0.123 |
0.149 |
0.178 |
|
|
|
TOTAL (A) |
337.500 |
36.849 |
0.178 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
331.759 |
36.448 |
0.101 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
5.741 |
0.401 |
0.077 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
5.741 |
0.401 |
0.077 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
2.350 |
0.007 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE
TAX (E-F) (G) |
3.391 |
0.394 |
0.077 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.675 |
0.119 |
0.025 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
2.716 |
0.275 |
0.052 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.337 |
0.062 |
0.010 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
3.053 |
0.337 |
0.062 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.76 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.80
|
0.75 |
29.21 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.01
|
1.07 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.62
|
1.55 |
0.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26
|
0.04 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.62
|
0.00 |
2.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.63
|
0.47 |
0.40 |
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 |
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 |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
OPERATIONS:
During the year, subject
produced Tallow, M .B.M., Poultry Feed Supplement from Haddi Kachra / Raw Bone
and achieved a Gross Turnover of Rs.337.500 Millions as against Rs.36.849
Millions to for the previous year. Subject achieved a net profit of Rs.3.391
Millions as against Rs.0.394 Millions in proceeding Previous Year.
NOTE: Registered office
Address of the company has been shifted from 1006, Kolta Mewatiyanhapur, Hapur,
Uttar Pradesh, India to the present address w.e.f. 25.03.2011
UNSECURED LOANS:
|
PARTICULARS |
31.03.2011 Rs. In Millions |
31.03.2010 Rs. In Millions |
|
Loan Fund |
8.000 |
0.000 |
|
|
|
|
|
Total |
8.000 |
0.000 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10311888 |
08/02/2013
* |
289,766,000.00 |
CORPORATION
BANK |
HARDHYAN
SINGH ROAD, KAROL BAGH, NEW DELHI, DELHI |
B68734656 |
* Date of charge modification
FIXED ASSETS:
·
Land
·
Building
·
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 records 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.61.99 |
|
|
1 |
Rs.102.67 |
|
Euro |
1 |
Rs.83.98 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
26 |
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.