MIRA
INFORM REPORT
|
Report Date : |
17.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
RUNWAL TOWNSHIP PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Runwal and Omkar Esquare, 5th Floor, Off Eastern Express Highway, Opposite
Sion Chunabhatti Signal, Sion (East), Mumbai – 400022, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
23.12.2010 |
|
|
|
|
Com. Reg. No.: |
11-211271 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45400MH2010PTC211271 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR27477C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCR0664K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of construction of premium quality
residential premises. |
|
|
|
|
No. of Employees
: |
Information denied by management |
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There seems sharp dip in the profits of the company during 2013. The
external borrowings recorded by the company’s are huge which may further act
as a threat to the liquidity position of the company. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
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
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Mohan |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-22-61133000 |
|
Date : |
16.07.2014 |
LOCATIONS
|
Registered Office : |
Runwal and Omkar Esquare, 5th Floor, Off Eastern Express Highway, Opposite
Sion Chunabhatti Signal, Sion (East), Mumbai – 400022, Maharashtra, India |
|
Tel. No.: |
91-22-61133000 |
|
Fax No.: |
91-22-61133186 |
|
E-Mail : |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Subhash Suganlal Runwal |
|
Designation : |
Director |
|
Address : |
CTS No. 757, Marine
Mansion, 6, B.J Road, Near Sisters Bunglow, Bandstand, Bandra (West), Mumbai –
400050, Maharashtra, India |
|
Date of Birth/Age : |
23.05.1943 |
|
Date of Appointment : |
23.12.2010 |
|
DIN No.: |
00068559 |
|
|
|
|
Name : |
Mr. Sandeep Subhash Runwal |
|
Designation : |
Director |
|
Address : |
CTS No. 757, Marine Mansion,
6, B.J Road, Near Sisters Bunglow, Bandstand, Bandra (West), Mumbai – 400050,
Maharashtra, India |
|
Date of Birth/Age : |
31.08.1971 |
|
Date of Appointment : |
23.12.2010 |
|
DIN No.: |
00068584 |
|
|
|
|
Name : |
Mr. Subodh Subhash Runwal |
|
Designation : |
Director |
|
Address : |
CTS No. 757, Marine
Mansion, 6, B.J Road, Near Sisters Bunglow, Bandstand, Bandra (West), Mumbai
– 400050, Maharashtra, India |
|
Date of Birth/Age : |
29.04.1975 |
|
Date of Appointment : |
23.12.2010 |
|
DIN No.: |
00068607 |
|
|
|
|
Name : |
Mr. Varadarajan Ananthanarayanan |
|
Designation : |
Director |
|
Address : |
A-6/3, Shree Ram Nagar, S. V. Road, Andheri - West, Mumbai –
400058, Maharashtra, India |
|
Date of Birth/Age : |
28.05.1957 |
|
Date of Appointment : |
12.08.2013 |
|
DIN No.: |
00017307 |
|
|
|
|
Name : |
Mr. Nikhil Bipin Bengali |
|
Designation : |
Director |
|
Address : |
403, Radhika, Near Asha Nagar, Off. Western Express Highway,
Kandivli (East), Mumbai – 400101, Maharashtra, India |
|
Date of Birth/Age : |
04.02.1960 |
|
Date of Appointment : |
12.08.2013 |
|
DIN No.: |
06582307 |
MAJOR SHAREHOLDERS
As on 30.09.2013
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Sandeep Subhash Runwal |
|
1 |
|
Runwal Developers Private Limited, India |
|
9999 |
|
Total |
|
10000 |
|
Names of Shareholders (Preference Shares Class A) |
|
No. of Shares |
|
Runwal Developers Private Limited, India |
|
100000 |
|
HDFC Asset Management Company Limited, India |
|
100000 |
|
Total |
|
200000 |
|
Names of Shareholders (Preference Shares Class B) |
|
No. of Shares |
|
Runwal Developers Private Limited, India |
|
850000 |
|
HDFC Asset Management Company Limited, India |
|
150000 |
|
Total |
|
1000000 |
|
Names of Shareholders (Preference Shares Class C) |
|
No. of Shares |
|
HDFC Asset Management Company Limited, India |
|
100000 |
|
Total |
|
100000 |
|
Names of Shareholders (Preference Shares Class D) |
|
No. of Shares |
|
Runwal Developers Private Limited, India |
|
100000 |
|
Total |
|
100000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
99.99 |
|
Directors or relatives of Directors |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of construction of premium quality
residential premises. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by management |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
Not Divulged |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
Notes: Terms and
conditions of secured borrowings: Class A: Aggregate Quantity: 17500000 Optionally Convertible Debentures Face Value per Debenture: Rs.100/- Premium Rate : 18% per annum
compounded quarterly Redemption Price
:
at premium as per above premium rate, Issue Price : at par (i.e.
Rs.100/- each) Conversion : Debenture
shall be convertible into equity shares with mutual consent of the parties, on
the occurrence of any of the following events: (I)
The company fails to commence construction of the
project within 36 (thirty six) months from the date of issue of the investor
Class B Debenture or (II)
All of Mr. Subhash S. Runwal, Mr, Sandeep Runwal
and Mr. Subhodh Runwal voluntarily cease to be director of the company Debentures shall
be redeemed by the company on expiry of 18 months from the date of issue. Class B: Tenor: Period of 3
years from the date of issue. Aggregate
Quantity: 1 1600000 Optionally Convertible Debentures. Face Value per
Debenture: Rs.100/- Premium Rate : 18% per annum
compounded quarterly Redemption Price
:
at premium as per above premium rate, Issue Price : at par (i.e.
Rs.100/-each) Conversion : Class B Debentures
shall be convertible into equity shares with mutual consent of the parties,
on the occurrence of any of the following events: I) The company fails to commence construction of the project within 36 (thirty six) months from the date of issue of the investor Class B Debenture or, II) All of Mr. Subhash S. Runwal, Mr, Sandeep Runwal and Mr. Subhodh Runwal voluntarily cease to be director of the company, III) RDPL transferring any of its equity shares in the company other than as permitted in shareholders’ agreement. It is clarified
that conversion of Class B Debenture into fully paid equity shares of the
company shall not be regarded as redemption of class B Debentures. No
redemption premium shall accrue to HDFC PMSRDPL at the time of such
conversion and HDFC PMSRDP shall not have any right or claim against the
company for redemption premium in respect of class B debenture so converted. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial
Institutions : |
HDFC Asset Management Company Limited, 169, Ramon House,
Backbay Reclamation, Churchgate, Mumbai - 400020, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
M.B. Agrawal and Company Chartered Accountants |
|
Address : |
204, Mhatre Pen Building, Senapati Bapat Marg, Dadar (West), Mumbai –
400028, Maharashtra, India |
|
Tel. No.: |
91-22-66568218 |
|
Fax No.: |
91-22-24363312 |
|
PAN No.: |
AABFM5230D |
|
|
|
|
Enterprises owned
or significantly influenced by key management personnel or their relatives
: |
·
Ariane
Orgachem Private Limited ·
Dhruva
Woollen Mills Private Limited ·
Ferico
Laboratories Limited ·
Odeon
Exhibitors Private Limited ·
R Mall Developers Private Limited ·
Runwal Builders Private Limited ·
Runwal
Farms Private Limited ·
Runwal
Heights Private Limited ·
Runwal
Homes Private Limited ·
Runwal
Realty Private Limited ·
Runwal
Projects Private Limited ·
Runwal
Residency Private Limited ·
Horizons
Projects Private Limited ·
Runwal
Properties Private Limited ·
Wheelabrator
Alloy Castings Limited ·
Runwal
Construction ·
Runwal
Finance ·
Runwal
and
Associates ·
Sandeep
Constructions ·
Anand
Developers |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
|
2200000 |
Preference Shares |
Rs.1/- each |
Rs.2.200 Millions |
|
|
Total |
|
Rs.2.300
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
|
1400000 |
Preference Shares |
Rs.1/- each |
Rs.1.400 Millions |
|
|
Total |
|
Rs.1.500
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 |
1.500 |
1.500 |
0.100 |
|
(b) Reserves & Surplus |
426.522 |
426.063 |
-0.022 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
604.500 |
|
Total
Shareholders’ Funds (1) + (2) |
428.022 |
427.563 |
604.578 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2,910.000 |
2,910.000 |
1,750.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
2,910.000 |
2,910.000 |
1,750.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
0.129 |
2.007 |
0.068 |
|
(c) Other current
liabilities |
0.012 |
0.389 |
0.007 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities (4) |
0.141 |
2.396 |
0.075 |
|
|
|
|
|
|
TOTAL |
3,338.163 |
3,339.959 |
2,354.653 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.000 |
0.000 |
0.000 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
211.140 |
844.262 |
24.500 |
|
(e) Other Non-current assets |
0.010 |
0.019 |
0.000 |
|
Total Non-Current Assets |
211.150 |
844.281 |
24.500 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
10.474 |
0.000 |
0.000 |
|
(b) Inventories |
3,114.969 |
2,479.689 |
2,328.766 |
|
(c) Trade receivables |
0.000 |
0.000 |
0.000 |
|
(d) Cash and cash
equivalents |
0.463 |
14.937 |
1.349 |
|
(e) Short-term loans and
advances |
1.097 |
1.042 |
0.000 |
|
(f) Other current assets |
0.010 |
0.010 |
0.038 |
|
Total Current Assets |
3,127.013 |
2,495.678 |
2,330.153 |
|
|
|
|
|
|
TOTAL |
3,338.163 |
3,339.959 |
2,354.653 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
9.443 |
0.000 |
|
|
|
Other Income |
|
0.000 |
0.000 |
|
|
|
TOTAL (A) |
NA |
9.443 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Other Expenses |
|
0.010 |
0.021 |
|
|
|
TOTAL (B) |
NA |
0.010 |
0.021 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
9.433 |
(0.021) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
0.037 |
0.001 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
|
9.396 |
(0.022) |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
NA |
9.396 |
(0.022) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
2.961 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
0.459 |
6.435 |
(0.022) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
6.413 |
(0.022) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
6.872 |
6.413 |
(0.022) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
643.53 |
(2.20) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
NA |
68.15 |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
99.50 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
0.28 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.02 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
6.80 |
6.81 |
2.89 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
22177.40 |
1041.60 |
31068.71 |
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 |
0.100 |
1.500 |
1.500 |
|
Reserves & Surplus |
(0.022) |
426.063 |
426.522 |
|
Share Application money
pending allotment |
604.500 |
0.000 |
0.000 |
|
Net
worth |
604.578 |
427.563 |
428.022 |
|
|
|
|
|
|
long-term borrowings |
1750.000 |
2910.000 |
2910.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
1750.000 |
2910.000 |
2910.000 |
|
Debt/Equity
ratio |
2.895 |
6.806 |
6.799 |
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 |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
two 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 |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
COMPANY
INFORMATION
The company is a private limited company incorporated under the
provision of companies act 1956, having its principal place of business is a Mumbai
city and is part of Runwal Group of companies. It is engaged in the business of
construction of premium quality residential premises.
FINANCIAL RESULTS:
During the year, the company has earned a profit of Rs.0.459 Million
(previous hear of Rs.6.435 Millions)
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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 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.60.19 |
|
|
1 |
Rs.103.14 |
|
Euro |
1 |
Rs.81.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
VNT |
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 |
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 |
|
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.