1. Summary Information
|
|
|
Country |
|
|
Company Name |
DIACH CHEMICALS
AND PIGMENTS PRIVATE LIMITED |
Principal Name 1 |
Mr. Dipak Ghosh |
|
Status |
Moderate |
Principal Name 2 |
Mr. Diach Ghosh |
|
|
|
Registration # |
21-099689 |
|
Street Address |
Dhulagarh
Induastial Park, Vill and P.O.: Jaladhulagari, Howrah – 711302, West Bengal,
India |
||
|
Established Date |
08.09.2004 |
SIC Code |
-- |
|
Telephone# |
91-9871995823 |
Business Style 1 |
Manufacturer |
|
Fax # |
-- |
Business Style 2 |
Exporter |
|
Homepage |
-- |
Product Name 1 |
Lead alloy |
|
# of employees |
6 (Approximetly) |
Product Name 2 |
Lead Oxide |
|
Paid up capital |
Rs. 70,00,000/- |
Product Name 3 |
Lead ingots |
|
Shareholders |
Bodies corporate 8.00% Directors or relatives of directors 92.00% |
Banking |
Oriental Bank of
Commerce |
|
Public Limited Corp. |
No |
Business Period |
10 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B (28) |
|
Related Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
|
|
|
|
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
35,289,000 |
Current Liabilities |
22,714,000 |
|
Inventories |
52,198,000 |
Long-term Liabilities |
57,229,000 |
|
Fixed Assets |
14,319,000 |
Other Liabilities |
5,114,000 |
|
Deferred Assets |
00 |
Total Liabilities |
85,057,000 |
|
Invest& other Assets |
10,844,000 |
Retained Earnings |
13,593,000 |
|
|
|
Net Worth |
27,593,000 |
|
Total Assets |
112,650,000 |
Total Liab. & Equity |
112,650,000 |
|
Total Assets (Previous Year) |
97,316,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
617,898,000 |
Net Profit |
1,603,000 |
|
Sales(Previous yr) |
374,887,000 |
Net Profit(Prev.yr) |
5,673,000 |
MIRA
INFORM REPORT
|
Report Date : |
12.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
DIACH CHEMICALS AND PIGMENTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Dhulagarh Induastial Park, Vill and P.O.: Jaladhulagari, Howrah –
711302, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on)
: |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
08.09.2004 |
|
|
|
|
Com. Reg. No.: |
21-099689 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 7.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24299WB2004PTC099689 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Exporter of Lead alloy, Lead Oxide and Lead ingots. |
|
|
|
|
No. of Employees
: |
6 (Approximetly) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 110000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Management of the company has filed its financials i.e. 2013 with the government
department however due to some technical error, 2013 financials are not
available As per available financials of 2012, the profit margin of the company
seems to be low However, trade relations are reported as fair. Business is active.
Payments terms are reported to be 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.
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
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 PARTED BY
|
Name : |
Mr. Dipak Ghosh |
|
Designation : |
Director |
|
Contact No.: |
91-9831085748 |
|
Date : |
05.07.2014 |
LOCATIONS
|
Registered Office / Factory address : |
Dhulagarh Induastial Park, Vill and P.O.: Jaladhulagari, Howrah –
711302, West Bengal, India |
|
Tel. No.: |
Not Avilable |
|
Mobile No.: |
91-9831085748 (Mr. Dipak Ghosh) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
Not Available |
|
Location : |
Owned |
|
|
|
|
City Office : |
1/17, Prince Gulam Mohammad Road, Kolkatta – 700026, West Bengal,
India |
|
Tel. No.: |
91-33-24198184 |
|
Fax No.: |
91-33-24198276 |
|
E-Mail : |
|
|
Website: |
DIRECTORS
AS ON 27.07.2012
|
Name : |
Mr. Dipak Gosh |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
140A/4, Sarat Ghosh Garden Road, Kolkata – 700031, West Bengal, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.03.1955 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
08.09.2004 |
|||||||||||||||||||||||||||
|
DIN No.: |
00037291 |
|||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Diach Ghosh |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
140A/4, Sarat Ghosh Garden Road, Kolkata – 700031, West Bengal, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.05.1990 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
08.09.2004 |
|||||||||||||||||||||||||||
|
DIN No.: |
00037296 |
|||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.07.2012
|
Names of Shareholders |
|
No. of Shares |
|
Dipak Ghosh |
|
100150 |
|
Diach Ghosh |
|
92550 |
|
Mohna Ghosh |
|
384638 |
|
Prabir Ghosh |
|
44150 |
|
Bhaskar Bose |
|
4900 |
|
Dolly Ghose |
|
9800 |
|
Prabhakar Bose |
|
4912 |
|
Subhankar Bose |
|
4900 |
|
Moduhan Trade and Industries Limited Kolkata |
|
10000 |
|
Halcia Paper Boards Limited Kolkata |
|
14000 |
|
Aayushman Vanijya Private Limited |
|
10000 |
|
Murli M. Chandak Securities Private Limited |
|
10000 |
|
Abninandon Distributors Private Limited |
|
10000 |
|
Total
|
|
700000 |
AS ON 31.03.2013
|
Names of Allottees |
|
No. of Shares |
|
Prabir Kr. Ghosh |
|
500 |
|
M/s Umang Infra Properties Private Limited |
|
5000 |
|
M/S Lavender Vinimay Private Limited |
|
5000 |
|
M/s Nawlsns Holding Private Limited |
|
5000 |
|
Plexicon Packaging Private Limited |
|
50500 |
|
Prabir Kanjan Sen |
|
20000 |
|
Chandan Das |
|
20000 |
|
Total |
|
106000 |
AS ON 27.07.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
8.00 |
|
Directors
or relatives of directors |
|
92.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Exporter of Lead alloy, Lead Oxide and Lead ingots. |
|
|
|
|
Products : |
·
Lead Bonding ·
Lead chromate ·
Dibasic lead phthalate ·
Lead Lining ·
Lead anode ·
Lead shielding |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
·
Bangladesh ·
South Korea ·
Dubai |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
6 (Approximetly) |
|
|
|
|
Bankers : |
Oriental Bank of Commerce, SSI Kolkata Branch, 43, Rashbehari Avenue,
Kolkata – 700026, west Bengal, India |
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
H. N. Saha and Company Chartered Accountant |
|
Address : |
16-B Robert Street, Kolkata - 700012, west Bengal, India |
|
PAN No.: |
AKMPS2585g |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
|
|
700000 |
Equity Shares |
Rs. 10/-
each |
Rs. 7.000
Millions |
|
AS ON 23.08.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
|
|
806000 |
Equity Shares |
Rs. 10/-
each |
Rs. 8.060
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 |
|
7.000 |
7.000 |
|
(b) Reserves & Surplus |
|
13.593 |
11.990 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
7.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
|
27.593 |
18.990 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
57.229 |
60.068 |
|
(b) Trade payables |
|
22.714 |
13.861 |
|
(c) Other current liabilities |
|
0.000 |
0.000 |
|
(d) Short-term provisions |
|
5.114 |
4.397 |
|
Total Current Liabilities (4) |
|
85.057 |
78.326 |
|
|
|
|
|
|
TOTAL |
|
112.650 |
97.316 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
14.319 |
6.862 |
|
(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 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.526 |
0.503 |
|
(e) Other Non-current assets |
|
0.183 |
0.204 |
|
Total Non-Current Assets |
|
15.028 |
7.569 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
52.198 |
44.110 |
|
(c) Trade receivables |
|
22.177 |
11.989 |
|
(d) Cash and cash equivalents |
|
4.532 |
2.185 |
|
(e) Short-term loans and advances |
|
8.054 |
22.532 |
|
(f) Other current assets |
|
10.661 |
8.931 |
|
Total Current Assets |
|
97.622 |
89.747 |
|
|
|
|
|
|
TOTAL |
|
112.650 |
97.316 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
7.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
6.317 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
13.317 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
39.724 |
|
|
2] Unsecured Loans |
|
|
6.365 |
|
|
TOTAL BORROWING |
|
|
46.089 |
|
|
DEFERRED TAX LIABILITIES |
|
|
1.860 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
61.266 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
9.243 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
18.207 |
|
|
Sundry Debtors |
|
|
27.885 |
|
|
Cash & Bank Balances |
|
|
0.123 |
|
|
Other Current Assets |
|
|
0.243 |
|
|
Loans & Advances |
|
|
13.947 |
|
Total
Current Assets |
|
|
60.405 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
|
|
8.008 |
|
|
Provisions |
|
|
0.598 |
|
Total
Current Liabilities |
|
|
8.606 |
|
|
Net Current Assets |
|
|
51.799 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.224 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
61.266 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
Turnover |
617.898 |
374.887 |
186.544 |
|
|
|
|
|
|
|
|
Net Profit |
1.603 |
5.673 |
0.455 |
|
Particulars |
|
31.03.2014 |
31.03.2013 |
|
Sales Turnover |
|
820.000 |
350.000 |
The above information has been parted by Mr. Dipak Ghosh (Director)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.07 |
3.16 |
3.46 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.15 |
1.15 |
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 |
7.000 |
7.000 |
|
Reserves & Surplus |
11.990 |
13.593 |
|
Share Application money
pending allotment |
0.000 |
7.000 |
|
Net worth |
18.990 |
27.593 |
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
|
Short term borrowings |
60.068 |
57.229 |
|
Total borrowings |
60.068 |
57.229 |
|
Debt/Equity ratio |
3.163 |
2.074 |
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 |
186.544 |
374.887 |
617.898 |
|
|
|
100.964 |
64.822 |
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 |
186.544 |
374.887 |
617.898 |
|
Profit |
0.455 |
5.673 |
1.603 |
|
|
0.24% |
1.51% |
0.26% |
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 |
No |
|
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 |
No |
UNSECURED LOANS:
|
Particular |
31.03.2012 (Rs. in Millions) |
31.03.2011 (Rs. in Millions) |
|
Short Term Borrowing |
|
|
|
Loans repayable
on demand |
|
|
|
From Bank |
48.953 |
53.028 |
|
From Other
Parties |
8.276 |
7.040 |
|
Total |
57.229 |
60.068 |
INDEX CHARGES:
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10355389 |
21/03/2012 |
1,386,000.00 |
L & T FINANCE LIMITED |
L&T HOUSE,,
BALLARD ESTATE,, MUMBAI, Maharashtra |
B39531512 |
|
2 |
10037729 |
28/10/2013 * |
166,086,000.00 |
ORIENTAL BANK OF COMMERCE |
SSI KOLKATA BRANCH,
43, RASHBEHARI AVENUE, KOLKAT |
B89588719 |
Note :
The Registered office of the company has been
shifted Dhulagori industrial Park, Jala - Dhulagori, Andul – 711302, West
Bangal, India. To the present address w.e.f. 15.02.2011
FIXED ASSETS:
·
Air Compressor
·
Air Condition
·
Boundary Wall
·
Building
·
Computer
·
Electric Installation
·
Factory Shed
·
Fan
·
Furniture
·
Gasline Installation
·
Laboratory instruments
·
Land
·
Motor Pump
·
Office Equipment
·
Oil Burner
·
Plant and Machinery
·
Television
·
Weiging scale
·
Pollution Equipment
·
Gas Cylinder
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. 59.72 |
|
|
1 |
Rs. 102.35 |
|
Euro |
1 |
Rs. 81.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TRU |
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 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
28 |
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.