MIRA
INFORM REPORT
|
Report Date : |
07.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
TECHNO SATCOMM INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
428, Rawal Building No. 1, 1st Floor,
D.B. Marg, Lamington Road, Mumbai – 400004, Maharashtra |
|
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Country : |
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Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
24.01.2008 |
|
|
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Com. Reg. No.: |
11-178194 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.9.392
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900MH2008PTC178194 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
They are into Telecom System Integration. |
|
|
|
|
No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track record. As per registrar of companies the date of balance sheet i.e. financial
filed is shown as 31.03.2013 but the documents related to the financials are
not available from any source. As per financials of 2012, profitability and reserves of the company
is low. However, trade relation 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.
INDIAN ECONOMIC OVERVIEW
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a
quarter of a century. The data was below an official estimate of 4.9 % annual
growth and compared with 4.5 % in the last fiscal year. However, the current
account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic
product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A sharp fall in gold imports due to restrictions on
overseas purchases and muted import of capital goods helped shrink the current
account deficit.
Online retailer Flipkart
has acquired fashion portal Myntra as it prepares to
battle with the rapidly expanding India arm of the global e-commerce giant
Amazon. The company raised $ 210 million from Russian Investment firm DST
Global which has also invested in companies like Facebook,
Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune
in the second half of 2014. GM was one of the few global carmakers that was
using its India plant only for the domestic market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward Brown. Google’s brand value shot up 40 % in a year
to $ 158.84 billion. The top 10 of the 100 slots were dominated by US
companies.
Infosys lost another heavy weight when B G Srinivas,
a board member put in his papers. He is the third CEO-hopeful to quit after
Chairman N R Narayana Murthy’s return to the company
– Ashok Vemuri and V Balakrishnan being the other two.While
Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted biggest
quarterly loss – Rs 2153.37 crore
– in the three months ended March 31, mainly because it has been offering
discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala
Police had arrested Pinckney and two company directors on charges of financial
irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies.
China’s action which targets consultancies like McKinsey & Co. and the
Boston Consulting Group, sterns from fears that the first are providing trade
secrets to the US governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy AstraZeneca for nearly $ 118 billion after the latter
refused an offer of 55 pounds a share.
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 DECLINED BY
|
Name : |
Mr. Santosh Mayekar
|
|
Designation : |
Vice President |
|
Contact No.: |
91-9987115764 |
|
Date : |
04.07.2014 |
LOCATIONS
|
Registered Office : |
428, Rawal Building No. 1, 1st
Floor, D.B. Marg, Lamington Road, Mumbai – 400004, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9987115764 [Mr. Santosh Mayekar] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
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|
|
|
Corporate Office : |
Manek Chambers, B, 299 A, Lamington Road,
Mumbai – 400004, Maharashtra, India |
|
Tel. No.: |
91-22-23865458/ 59 |
|
Fax No.: |
91-22-23865262 |
|
|
|
|
Branch Office 1 : |
Rajawadi, 4G, 21 Garcha,
1st Lane, Kolkata – 700019, West Bengal,
India |
|
Tel. No.: |
91-33-24617262 |
|
Fax No.: |
91-33-24617262 |
|
|
|
|
Branch Office 2 : |
7/12, South Patel Nagar, Near Patel Nagar Railway Station, New Delhi – 110008, India |
|
Tel. No.: |
91-11-25843320 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Jay Hasmukh Dave |
|
Designation : |
Director |
|
Address : |
C-2, Pannalal Terrace, Dr. D.B. Marg, Lamington Road, Grant Road, Mumbai – 400007, Maharashtra, India |
|
Date of Birth/Age : |
22.12.1979 |
|
Date of Appointment : |
24.01.2008 |
|
Din No.: |
01885038 |
|
|
|
|
Name : |
Mr. Niravkumar Hasmukh
Dave |
|
Designation : |
Director |
|
Address : |
325, Forward House, Wadala, Mumbai – 400031,
Maharashtra, India |
|
Date of Birth/Age : |
12.07.1981 |
|
Date of Appointment : |
24.01.2008 |
|
Din No.: |
01944982 |
KEY EXECUTIVES
|
Name : |
Mr. Santosh Mayekar
|
|
Designation : |
Vice President |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 20.03.2014
|
Names of Allottees |
|
No. of Shares |
|
Niravkumar Hasmukh Dave |
|
97000 |
|
Jay Hasmukh Dave |
|
39500 |
|
Hasmukh Dave |
|
51400 |
|
Dharmisthaben Dave |
|
12500 |
|
|
|
|
|
TOTAL
|
|
200400 |
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Jay Hasmukh Dave |
|
65075 |
|
Niravkumar Hasmukh Dave |
|
89638 |
|
H.P. Dave |
|
27192 |
|
Dinesh Dave |
|
8800 |
|
Jaidev Bhatt |
|
2300 |
|
Sandip Amrutia |
|
2300 |
|
Dharmisthaben Dave |
|
4664 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
They are into Telecom System Integration. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management. |
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Bankers : |
Bank of India, Vile Parle
(East) Branch, Pardhi House, 52, Hanuman Road, Vile
Parle (East), Mumbai - 400057, Maharashtra,
India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
H.M. Sukhia and Company Chartered Accountants |
|
Address : |
101, Orchid Apartments, Charter Road No. 7, Borivali
(East), Mumbai – 400066, Maharashtra, India |
|
Tel. No.: |
91-22-28645087/ 88 |
|
Mobile No.: |
91-9773508800/ 9594508800 |
|
E-Mail : |
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|
PAN No: |
AAEPS0168D |
CAPITAL STRUCTURE
AFTER 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400370 |
Equity Shares |
Rs.100/- each |
Rs.40.037
Millions |
|
|
|
|
|
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
199970 |
Equity Shares |
Rs.100/- each |
Rs.19.997
Millions |
|
|
|
|
|
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
93920 |
Equity Shares |
Rs.100/- each |
Rs.9.392
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 |
|
9.392 |
2.000 |
|
(b) Reserves &
Surplus |
|
3.420 |
6.806 |
|
(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) |
|
12.812 |
8.806 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
22.213 |
18.019 |
|
(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) |
|
22.213 |
18.019 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
15.781 |
0.402 |
|
(b) Trade payables |
|
131.219 |
91.491 |
|
(c) Other current
liabilities |
|
0.000 |
0.000 |
|
(d) Short-term provisions |
|
1.907 |
0.913 |
|
Total Current Liabilities
(4) |
|
148.907 |
92.806 |
|
|
|
|
|
|
TOTAL |
|
183.932 |
119.631 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
2.497 |
1.822 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
1.900 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
1.569 |
0.696 |
|
(e) Other Non-current assets |
|
0.901 |
0.100 |
|
Total Non-Current Assets |
|
4.967 |
4.518 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
28.262 |
10.547 |
|
(c) Trade receivables |
|
130.949 |
103.334 |
|
(d) Cash and cash
equivalents |
|
3.816 |
1.147 |
|
(e) Short-term loans and
advances |
|
15.912 |
0.085 |
|
(f) Other current assets |
|
0.026 |
0.000 |
|
Total Current Assets |
|
178.965 |
115.113 |
|
|
|
|
|
|
TOTAL |
|
183.932 |
119.631 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.841 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1.230 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
2.071 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
3.797 |
|
|
TOTAL BORROWING |
|
|
3.797 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5.868 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.958 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.590 |
|
|
Sundry Debtors |
|
|
30.358 |
|
|
Cash & Bank Balances |
|
|
0.053 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.055 |
|
Total
Current Assets |
|
|
31.056 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
25.882 |
|
|
Provisions |
|
|
0.589 |
|
Total
Current Liabilities |
|
|
26.471 |
|
|
Net Current Assets |
|
|
4.585 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.325 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5.868 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
325.407 |
157.892 |
126.075 |
|
|
|
Other Income |
1.172 |
2.348 |
0.604 |
|
|
|
TOTAL (A) |
326.579 |
160.240 |
126.679 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
315.724 |
155.911 |
122.426 |
|
|
|
Employees benefits expense |
1.321 |
0.369 |
0.000 |
|
|
|
Other expenses |
3.869 |
2.696 |
2.969 |
|
|
|
TOTAL (B) |
320.914 |
158.976 |
125.395 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
5.665 |
1.264 |
1.284 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.111 |
0.000 |
0.212 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.554 |
1.264 |
1.072 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.275 |
0.000 |
0.205 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
3.279 |
1.264 |
0.867 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.013 |
0.324 |
0.267 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
2.266 |
0.940 |
0.599 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
|
|
|
|
|
-
Basic |
85.57 |
111.80 |
-- |
|
|
|
-
Diluted |
97.49 |
66.20 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.69
|
0.59 |
0.47 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.00
|
0.80 |
0.69 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.78
|
1.07 |
2.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25
|
0.14 |
0.42 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.11
|
2.09 |
1.83 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.20
|
1.24 |
1.17 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
2.000 |
9.392 |
|
Reserves & Surplus |
6.806 |
3.420 |
|
Net worth |
8.806 |
12.812 |
|
|
|
|
|
long-term borrowings |
18.019 |
22.213 |
|
Short term borrowings |
0.402 |
15.781 |
|
Total borrowings |
18.421 |
37.994 |
|
Debt/Equity ratio |
2.092 |
2.966 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
126.075 |
157.892 |
325.407 |
|
|
|
25.237 |
106.095 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
126.075 |
157.892 |
325.407 |
|
Profit |
0.599 |
0.940 |
2.266 |
|
|
0.48% |
0.60% |
0.70% |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT MATURITIES OF LONG TERM
DEBT: NOT AVAILABLE
|
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 |
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 |
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 |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
INDEX OF CHARGES:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER
(SRN) |
|
1 |
10380442 |
15/09/2012 |
654,000.00 |
BANK OF INDIA |
VILE PARLE (EAST) BRANCH,
PARDHI HOUSE, 52, HANU |
B59654830 |
|
2 |
10285119 |
16/07/2013 * |
75,000,000.00 |
BANK OF INDIA |
VILE PARLE (EAST) BRANCH,
PARDHI HOUSE, 52, HANU |
B81488454 |
* Date of charge modification
|
Unsecured Loan |
As
on 31.03.2012 [Rs. in Millions] |
As
on 31.03.2011 [Rs. in Millions] |
|
Long Term
Borrowings |
|
|
|
From Directors |
0.893 |
0.001 |
|
From Shareholders |
21.320 |
18.018 |
|
TOTAL
|
22.213 |
18.019 |
OPERATIONS:
The Company is approaching
prospective customer for telecom and other communication technology business; however,
the company continues to face stiff competition and trying its best to get the
quality business.
FIXED ASSETS:
·
Mobile Phone
·
Air Conditioner
·
Biometic Attendance System
·
EPBX System
·
Refrigerator
·
Furniture and Fixtures
·
Project Designing and Fabrication
·
Telephone Instruments
·
Computer
·
Electrical Installation
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.59.79 |
|
|
1 |
Rs.102.66 |
|
Euro |
1 |
Rs.81.32 |
INFORMATION DETAILS
|
Information Gathered
by : |
HNA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.