MIRA
INFORM REPORT
|
Report Date : |
06.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
AIMIL LIMITED |
|
|
|
|
Formerly Known
As : |
MARUTI AUTOWAYS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A 8, Mohan Co Operative Industrial Estate, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
28.08.1972 |
|
|
|
|
Com. Reg. No.: |
55-006093 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.095 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1972PLC006093 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Trading of Scientific Instruments. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 380000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having satisfactory track. The company possesses an acceptable financial profile marked by
adequate networth financial profile marked by adequate Further, the liquidity profile is also noted to be below average le However, the liquidity profile is also noted to be below average
levels driven by moderating operation margins and increasing working capital
requirements. In view of extensive experience of the promoters, the subject can be
considered for 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 – 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 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1 million
Indian tourists in 2012), Thailand (one million), the United Arab Emirates
().98 million) and Malaysia ().82 million) emerged as the preferred holidays
hotspots for Indians. The total figure is expected to increase to 1.93 million
by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating BBB |
|
Rating Explanation |
Strong degree of safety and Low credit risk. |
|
Date |
12.11.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating A3+ |
|
Rating Explanation |
Strong degree of safety and Low credit risk. |
|
Date |
12.11.2013 |
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
|
Name : |
Mr. Dalveer Singh |
|
|
Designation : |
Company Secretary |
|
|
Contact No.: |
91-11-30810213 |
|
|
Date : |
05.06.2014 |
{type report date here) |
LOCATIONS
|
Registered Office / Factory / Corporate Office : |
A 8, Mohan Co Operative Industrial Estate, Mathura Road, New Delhi
110044, India |
|
Tel. No.: |
91-11-30810213 / 30810200 |
|
Fax No.: |
91-11-26950011 / 26440866 |
|
E-Mail : |
|
|
Website: |
|
|
Location : |
Owned |
|
|
|
|
Branch Office : |
|
DIRECTORS
As on: 25.09.2013
|
Name : |
Mr. Arvind Verma |
|
Designation : |
Managing Director |
|
Address : |
N-36, Greater Kailash Part I, New Delhi-110048, India |
|
Date of Birth/Age : |
15.05.1953 |
|
Date of Appointment : |
18.08.1984 |
|
PAN No.: |
ABSPV5720D |
|
DIN No.: |
00206073 |
|
Name : |
Mrs. Neena Verma |
|
Designation : |
Whole-time Director |
|
Address : |
N-36, Greater Kailash Part I, New Delhi-110048, India |
|
Date of Birth/Age : |
09.12.1928 |
|
Date of Appointment : |
07.02.1996 |
|
PAN No.: |
AAGPV2638B |
|
DIN No.: |
00206174 |
|
Name : |
Mrs. Vaneeta Kapur |
|
Designation : |
Director |
|
Address : |
C-5/33, Safdarjung Development Area, New Delhi-110016, India |
|
Date of Birth/Age : |
20.05.1956 |
|
Date of Appointment : |
26.08.2002 |
|
DIN No.: |
00511599 |
|
Name : |
Mr. Vijay Mohan Sharma |
|
Designation : |
Whole-time Director |
|
Address : |
C-358, Vikas Puri, New Delhi-110018, India |
|
Date of Birth/Age : |
06.01.1939 |
|
Date of Appointment : |
06.02.2008 |
|
PAN No.: |
AOYPS3930D |
|
DIN No.: |
02057077 |
|
|
|
|
Name : |
Mr. Arjun Malhotra |
|
Designation : |
Director |
|
Address : |
143, Golf Links, New Delhi-110003, India |
|
Date of Birth/Age : |
07.01.1949 |
|
Date of Appointment : |
29.09.1997 |
|
DIN No.: |
00177397 |
|
Name : |
Mr. Shashi Kiran Gulhati |
|
Designation : |
Additional Director |
|
Address : |
140, Sunder Nagar, New Delhi-110003, India |
|
Date of Birth/Age : |
04.08.1941 |
|
Date of Appointment : |
01.10.2008 |
|
DIN No.: |
02446372 |
|
|
|
|
Name : |
Mr. Rena chakaravarti |
|
Designation : |
Additional Director |
|
Address : |
96, 4th Main Domlur
Second Stage, Banglore – 560071, Karnataka, India |
|
Date of Birth/Age : |
25.12.1951 |
|
Date of Appointment : |
12.06.2013 |
|
DIN No.: |
06624621 |
KEY EXECUTIVES
|
Name : |
Dal Veer Singh |
|
Designation : |
Secretary |
|
Address : |
Plot No.344, Sector-21C, Faridabad-121005, Haryana, India |
|
Date of Birth/Age : |
13.08.1976 |
|
Date of Appointment : |
06.07.2006 |
|
PAN NO.: |
BGIPS5482B |
MAJOR SHAREHOLDERS
As on: 25.09.2013
|
Names of Equity Shareholders |
No. of Shares |
|
Arvind Verma and Neena Verma |
3153199 |
|
Neena Verma and Arvind Verma |
483852 |
|
Madan Lal Dhawan and Kusum Dhawan |
100 |
|
Satinder Gulati |
3067 |
|
H. C. Verma and Sons (HUF) |
13987 |
|
Anju Uppal |
920 |
|
Arvind Verma and Vaneeta Kapur |
13833 |
|
Manjula Gulati and Madhuri Gulati |
2242 |
|
Sushiela Chhabra |
133 |
|
Kusum Dhawan and Madan Lal Dhawan |
100 |
|
Neena Verma and Vaneeta Kapur |
25500 |
|
Vaneeta Kapur and Deepak Kapur |
7073 |
|
Vaneeta Kapur and Arvind Verma |
3537 |
|
Harish Verma Foundation |
100 |
|
Tia Dhawan |
10 |
|
Arvind Verma |
3292347 |
|
TOTAL (A) |
7000000 |
|
Names of Preference Shareholders |
|
|
Neena Verma |
2030000 |
|
H. C. Verma and Sons (HUF) |
120000 |
|
K. Abdul Adil |
10000 |
|
Rajan K Pillai |
10000 |
|
Sameer V Upadeo |
10000 |
|
P S Radhakrishnan |
10000 |
|
Neena Verma |
10000 |
|
Arvind Verma |
650000 |
|
TOTAL (B) |
2850000 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
99.91 |
|
Other top fifty shareholders |
0.09 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading of Scientific Instruments. |
|
|
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
||||||||||||||||||
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|
||||||||||||||||||
|
No. of Employees : |
150 (Approximately) |
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|
Bankers : |
State Bank of India, Commercial Branch, A-5, South Extension Part-I,
New Delhi-110048, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
S S Kothari Mehta and Company Chartered Accountants |
|
Address : |
146-149 Tribhuvan Complex, Ishwar Nagar, Mathura Road, New Delhi 110065,
India |
|
Tel. No.: |
91-11-46708888 |
|
Fax No.: |
91-11-66628889 |
|
PAN NO.: |
AABFS6730L |
|
|
|
|
Joint Ventures : |
|
CAPITAL STRUCTURE
After: 25.09.2013
Authorised Capital : 200.000
Issued, Subscribed & Paid-up Capital : 120.000
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
95000 |
Equity Shares |
Rs.10/- each |
Rs. 95.000 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 |
95.000 |
85.000 |
75.000 |
|
(b) Reserves & Surplus |
347.517 |
315.807 |
260.286 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
442.517 |
400.807 |
335.286 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
166.433 |
122.561 |
91.108 |
|
(b) Deferred tax liabilities (Net) |
11.441 |
12.677 |
0.858 |
|
(c) Other long term liabilities |
2.702 |
1.461 |
0.768 |
|
(d) long-term provisions |
12.390 |
9.656 |
8.608 |
|
Total Non-current Liabilities (3) |
192.966 |
146.355 |
101.342 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
340.179 |
337.815 |
215.008 |
|
(b) Trade payables |
292.877 |
313.366 |
227.751 |
|
(c) Other current
liabilities |
183.198 |
156.564 |
102.161 |
|
(d) Short-term provisions |
14.776 |
6.801 |
31.224 |
|
Total Current Liabilities (4) |
831.030 |
814.546 |
576.144 |
|
|
|
|
|
|
TOTAL |
1466.513 |
1361.708 |
1012.772 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
219.233 |
228.502 |
123.912 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
22.424 |
0.568 |
0.165 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
62.439 |
42.652 |
25.508 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
86.023 |
74.011 |
20.604 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
390.119 |
345.733 |
170.189 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
326.196 |
342.332 |
292.461 |
|
(c) Trade receivables |
655.877 |
594.960 |
494.551 |
|
(d) Cash and cash
equivalents |
25.833 |
27.573 |
27.838 |
|
(e) Short-term loans and
advances |
67.976 |
49.822 |
27.089 |
|
(f) Other current assets |
0.512 |
1.288 |
0.644 |
|
Total Current Assets |
1076.394 |
1015.975 |
842.583 |
|
|
|
|
|
|
TOTAL |
1466.513 |
1361.708 |
1012.772 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1757.457 |
1745
.571 |
1458.467 |
|
|
|
Other Income |
10.412 |
37.505 |
11.308 |
|
|
|
TOTAL (A) |
1767.869 |
1783.076 |
1469.775 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
168.642 |
152.046 |
127.624 |
|
|
|
Purchases of Stock-in-Trade |
704.881 |
821.860 |
742.953 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
13.838 |
(43.711) |
(105.835) |
|
|
|
Employees benefits expense |
407.335 |
398.668 |
318.936 |
|
|
|
|
46.619 |
41.242 |
12.991 |
|
|
|
Other expenses |
284.590 |
265.744 |
222.898 |
|
|
|
TOTAL (B) |
1625.905 |
1635.849 |
1319.567 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
141.964 |
147.227 |
150.208 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
74.937 |
50.744 |
33.153 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
67.027 |
96.483 |
117.055 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
20.750 |
14.906 |
12.736 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
46.277 |
81.577 |
104.319 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
13.036 |
26.585 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
33.241 |
54.992 |
104.319 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.00 |
0.01 |
0.01 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.88 |
3.08 |
7.10 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.63 |
4.67 |
7.15 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.35 |
6.19 |
10.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.20 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.14 |
1.15 |
0.91 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.30 |
1.25 |
1.46 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
75.000 |
85.000 |
95.000 |
|
Reserves & Surplus |
260.286 |
315.807 |
347.517 |
|
Net
worth |
335.286 |
400.807 |
442.517 |
|
|
|
|
|
|
long-term borrowings |
91.108 |
122.561 |
166.433 |
|
Short term borrowings |
215.008 |
337.815 |
340.179 |
|
Total
borrowings |
306.116 |
460.376 |
506.612 |
|
Debt/Equity
ratio |
0.913 |
1.149 |
1.145 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1458.467 |
1745.571 |
1757.457 |
|
|
|
19.685 |
0.681 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1458.467 |
1745.571 |
1757.457 |
|
Profit |
104.319 |
54.992 |
33.241 |
|
|
7.15% |
3.15% |
1.89% |
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 |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Long Term
Borrowing |
|
|
|
Deposit From Shareholders |
0.034 |
0.016 |
|
Deposit From Other |
0.056 |
0.057 |
|
Deposit Form Director |
0.056 |
0.004 |
|
Short Term
Borrowing |
|
|
|
Interoperate Borrowing |
0.044 |
0.035 |
|
Total |
0.190 |
0.112 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10269044 |
20/09/2013 * |
160,000,000.00 |
CITIBANK N.A |
JEEVAN BHARTI BUILDING, 4TH FLOOR, 124 CONNAUGHT |
B85275857 |
|
2 |
90061122 |
26/03/1997 |
700,000.00 |
STATE BANK OF INDIA |
OKHALA INDUSTRIAL ESTATE, NEW DELHI, DELHI - 11002 |
- |
|
3 |
90040651 |
11/04/2014 * |
383,700,000.00 |
OTHERS |
STATE BANK OF INDIA, N-3, SOUTH EXTENSION-I, NEW |
C02404929 |
* Date of charge modification
FIXED ASSETS
- Office
Building
- Furniture and
Fittings
- Plant and
Machinery and Service Equipments
- Office
Equipments
- Electrical
Equipments
- Air
Conditioner
- Refrigerators
- Motor
Vehicles
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.59.30 |
|
|
1 |
Rs.99.34 |
|
Euro |
1 |
Rs.80.70 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
YOG |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
46 |
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.