MIRA
INFORM REPORT
|
Report Date : |
10.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
SELLOWRAP INDUSTRIES PRIVATE LIMITED (w.e.f. 16.02.2011) |
|
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|
|
Formerly Known
As : |
SELLOWRAP MANUFACTURING PRIVATE LIMITED |
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Registered
Office : |
208, Plot No.C-5, Abhishek Building, Dalia Estate, New Link Road, Andheri (West), Mumbai – 400 053, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
06.04.2004 |
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Com. Reg. No.: |
11-145548 |
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Capital
Investment / Paid-up Capital : |
Rs.94.903
millions |
|
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|
|
CIN No.: [Company Identification
No.] |
U25202MH2004PTC145548 |
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PAN No.: [Permanent Account No.] |
AAICS1972L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Automobile and White Goods Components |
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|
No. of Employees
: |
160 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 819000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an
established company having satisfactory track record. The rating takes
into consideration company’s improved financial risk profile and sound liquidity
position of the company. Trade relations
are fair. Business is active. Payment terms are reported to be slow but
correct. The company can
be considered for business dealings at usual trade terms and condition. |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
NEWS
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 with 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 PARTED BY
|
Name : |
Mr. Ashok |
|
Designation : |
Accountant |
|
Contact No.: |
91-124-4015973 |
|
Date : |
07.07.2014 |
LOCATIONS
|
Registered Office : |
208, Plot No.C-5, Abhishek Building, Dalia Estate, New Link Road, Andheri (West), Mumbai – 400 053, Maharashtra, India |
|
Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Factory : |
Plot
No.54, Maruti Industrial Area , Factory No.3, Gurgaon, Haryana, India |
|
Tel. No.: |
91-124-4015973 |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Saurabh Poddar |
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Designation : |
Managing Director |
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Address : |
A-501, Fairyland Co-operative Housing Society Limited, Plot No.9A, 10th
Road, Juhu, Vile Parle (West), Mumbai – 400 049, Maharashtra, India |
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Date of Birth/Age : |
28.12.1973 |
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Date of Appointment : |
01.05.2011 |
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PAN No.: |
AFGPP1534F |
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DIN No.: |
00032858 |
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Other Directorship :
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Name : |
Mr. Sushil Kumar Poddar |
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Designation : |
Director |
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Address : |
F-704, Somvihar Apartment, R. K. Puram, New Delhi – 110 022, India |
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Date of Birth/Age : |
01.01.1947 |
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Date of Appointment : |
06.04.2004 |
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PAN No.: |
AFYPP8572R |
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DIN No.: |
00149285 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Ashok |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sushil Kumar Poddar |
|
2009600 |
|
Saurabh Poddar |
|
1555200 |
|
Meena Poddar |
|
342500 |
|
Pooja Poddar |
|
995000 |
|
S.K. Poddar and Sons HUF |
|
191000 |
|
Saurabh Marketing Private Limited |
|
2477000 |
|
Anupama Bajoria |
|
250000 |
|
Aparna Polyflex Private Limited |
|
75000 |
|
Arvind Chemicals Limited |
|
810000 |
|
Arvind Exports |
|
70000 |
|
Kaizen Organics Private Limited |
|
200000 |
|
Aditya Rungta HUF |
|
10 |
|
Shyamsunder Rungta HUF |
|
10 |
|
Arvind Coir Foam Private Limited |
|
250000 |
|
Arvind International Limited |
|
265000 |
|
Total |
|
9490320 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2012
|
Category |
|
Percentage |
|
Bodies corporate |
|
42.96 |
|
Directors or relatives of directors |
|
53.67 |
|
Other top fifty shareholders |
|
3.37 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Automobile and White Goods Components |
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Products : |
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Exports : |
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Countries : |
·
UK ·
Spain |
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Imports : |
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Countries : |
·
China |
GENERAL INFORMATION
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No. of Employees : |
160 (Approximately) |
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Bankers : |
·
Bank
of India, Juhu Branch, Plot No.6-B, Nehru Nagar A, Juhu Tara Road, Mumbai –
400 049, Maharashtra, India · Small Industries Development Bank of India, 11-13 Atlanta, Nariman Point, 209, V.K. Shah Marg, Mumbai – 400 021, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Khurdia Jain and Company Chartered Accountants |
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Address : |
C- 1 , 309 , Bharateeya Kala, Om Nagar, Sahar, Pipeline Road, Andheri (East), Mumbai - 400099 |
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PAN No.: |
AAEFK1739J |
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Associates : |
Sellowrap EPP
India Private Limited CIN No.: U24130MH2005PTC155220 |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
16000000 |
Equity Shares |
Rs.10/- each |
Rs.160.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
9490320 |
Equity Shares |
Rs.10/- each |
Rs.94.903
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
94.903 |
94.903 |
89.150 |
|
(b) Reserves & Surplus |
109.967 |
107.813 |
105.572 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
5.753 |
|
Total Shareholders’ Funds (1) + (2) |
204.870 |
202.716 |
200.475 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term
borrowings |
115.727 |
91.965 |
90.143 |
|
(b) Deferred tax liabilities (Net) |
1.327 |
1.333 |
1.671 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
117.054 |
93.298 |
91.814 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
88.157 |
92.787 |
72.269 |
|
(b) Trade
payables |
47.947 |
60.688 |
51.806 |
|
(c)
Other current liabilities |
47.887 |
43.679 |
30.984 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
183.991 |
197.154 |
155.059 |
|
|
|
|
|
|
TOTAL |
505.915 |
493.168 |
447.348 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
206.591 |
215.599 |
228.811 |
|
(ii)
Intangible Assets |
1.331 |
0.457 |
0.582 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
72.662 |
72.649 |
72.649 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.960 |
3.485 |
3.063 |
|
(e) Other
Non-current assets |
0.528 |
1.057 |
0.252 |
|
Total Non-Current
Assets |
286.072 |
293.247 |
305.357 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
58.040 |
53.514 |
36.026 |
|
(c)
Trade receivables |
140.532 |
124.628 |
81.011 |
|
(d) Cash
and cash equivalents |
2.926 |
5.920 |
5.259 |
|
(e)
Short-term loans and advances |
17.817 |
15.331 |
19.611 |
|
(f)
Other current assets |
0.528 |
0.528 |
0.084 |
|
Total
Current Assets |
219.843 |
199.921 |
141.991 |
|
|
|
|
|
|
TOTAL |
505.915 |
493.168 |
447.348 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
484.126 |
418.076 |
332.358 |
|
|
|
Other Income |
2.723 |
4.487 |
4.935 |
|
|
|
TOTAL |
486.849 |
422.563 |
337.293 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
|
439.887 |
376.356 |
304.497 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
439.887 |
376.356 |
304.497 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
46.962 |
46.207 |
32.796 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
3.307 |
3.441 |
1.603 |
|
|
|
|
|
|
|
|
|
|
TAX |
1.155 |
1.200 |
0.405 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
2.152 |
2.241 |
1.198 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
15.620 |
13.378 |
11.137 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
17.773 |
15.620 |
12.335 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
0.22 |
0.24 |
NA |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
500.000 |
|
|
|
|
|
The above information has been parted by Mr. Ashok (Accountant).
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.44 |
0.53 |
0.36 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.68 |
0.82 |
0.48 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.76 |
0.82 |
0.43 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.02 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.00 |
0.91 |
0.81 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.19 |
1.01 |
0.92 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
89.150 |
94.903 |
94.903 |
|
Reserves & Surplus |
105.572 |
107.813 |
109.967 |
|
Share Application money pending allotment |
5.753 |
0.000 |
0.000 |
|
Net worth |
200.475 |
202.716 |
204.870 |
|
|
|
|
|
|
Long-term borrowings |
90.143 |
91.965 |
115.727 |
|
Short term borrowings |
72.269 |
92.787 |
88.157 |
|
Total borrowings |
162.412 |
184.752 |
203.884 |
|
Debt/Equity ratio |
0.810 |
0.911 |
0.995 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Income |
332.358 |
418.076 |
484.126 |
|
|
|
25.791 |
15.799 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Income |
332.358 |
418.076 |
484.126 |
|
Profit |
1.198 |
2.241 |
2.152 |
|
|
0.36% |
0.54% |
0.44% |
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 |
|
Unsecured Loans |
31.03.2013 (Rs. in Millions) |
31.03.2012 (Rs. in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Rupee term loans from others |
40.059 |
17.343 |
|
Loans repayable on demand |
10.309 |
0.000 |
|
Term loans from banks |
0.000 |
6.181 |
|
SHORT TERM
BORROWINGS |
|
|
|
Rupee term loans from banks |
3.408 |
2.493 |
|
Term loans from other |
4.710 |
2.892 |
|
Total |
58.486 |
28.909 |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10342445 |
21/03/2012 |
5,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
11-13, ATLANTA BUILDING, 209,
VINAY K. SHAH MARG, |
B35123512 |
|
2 |
10274873 |
27/06/2011 * |
2,500,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
MITTAL COURT A WING, 2ND FLOOR,
NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B17372293 |
|
3 |
10243927 |
24/09/2010 |
27,400,000.00 |
BANK OF INDIA |
JUHU BRANCH, PLOT NO.6-B,
NEHRU NAGAR A, JUHU TARA ROAD, MUMBAI, MAHARASHTRA - 400049, INDIA |
A96288261 |
|
4 |
10247523 |
23/09/2010 |
7,500,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
11-13 ATLANTA, NARIMAN
POINT, 209 V.K. SHAH MARG, MUMBAI, MAHARASHTRA - 400021, INDIA |
A95112207 |
|
5 |
10193377 |
23/12/2009 |
3,500,000.00 |
SMALL INDUSTRIES DEVELOPMENT
BANK OF INDIA |
11-13 ATLANTA, NARIMAN
POINT, 209 V.K. SHAH MARG, MUMBAI, MAHARASHTRA - 400021, INDIA |
A75542001 |
|
6 |
10185585 |
17/03/2010 * |
55,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
11-13 ATLANTA, NARIMAN POINT,
209 V.K. SHAH MARG, MUMBAI, MAHARASHTRA - 400021, INDIA |
A81042202 |
|
7 |
10174812 |
17/07/2009 |
5,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
11-13 ATLANTA, NARIMAN
POINT, 209 V.K. SHAH MARG, MUMBAI, MAHARASHTRA - 400021, INDIA |
A69283786 |
|
8 |
10049430 |
17/06/2013 * |
91,000,000.00 |
BANK OF INDIA |
JUHU BRANCH, 53, NEHRU
NAGAR "A", JUHU-TARA ROAD, JUHU, MUMBAI, MAHARASHTRA - 400049,
INDIA |
B79301883 |
|
9 |
80028060 |
25/02/2012 * |
15,000,000.00 |
BANK OF INDIA |
JUHU BRANCH, 53, NEHRU
NAGAR, JUHU-TARA ROAD, JUHU, MUMBAI, MAHARASHTRA - 400049, INDIA |
B35380138 |
|
10 |
80028061 |
17/06/2013 * |
75,000,000.00 |
BANK OF INDIA |
JUHU BRANCH, 53 NEHRU
NAGAR "A", JUHU-TARA ROAD, JUHU, MUMBAI, MAHARASHTRA - 400049,
INDIA |
B79301495 |
|
11 |
80039909 |
20/12/2013 * |
102,400,000.00 |
BANK OF INDIA |
JUHU BRANCH, PLOT NO.
6-B, NEHRU NAGAR A, JUHU TARA ROAD,, MUMBAI, MAHARASHTRA - 400049, INDIA |
B93834851 |
|
12 |
80051229 |
20/04/2005 |
27,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT
BNAK OF INDIA |
SIDBI TOWER,15, , ASHOK
MARG, LUCKNOW, UTTAR PRADESH - 226001, INDIA |
- |
* Date of charge modification
FIXED ASSETS
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer Equipment
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.59.73 |
|
|
1 |
Rs.102.36 |
|
Euro |
1 |
Rs.81.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.