MIRA
INFORM REPORT
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Report Date : |
18.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
YASHAM
SPECIALITY INGREDIENTS PRIVATE LIMITED (w.e.f. 15.05.2013) |
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Formerly Known
As : |
YASHAM IMPORTERS AND7 EXPORTERS PRIVATE LIMITED |
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Registered
Office : |
401, Satyadev, Plot No.A-6, Veera Industrial Estate, Off. |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
07.01.1997 |
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Com. Reg. No.: |
11-104919 |
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Capital
Investment / Paid-up Capital : |
Rs. 5.250 Millions |
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CIN No.: [Company Identification
No.] |
U51100MH1997PTC104919 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMY01424D |
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PAN No.: [Permanent Account No.] |
AAACY0341B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Importer of Cosmetics, Chemicals and Pharmaceutical
Products. |
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No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (34) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 350000 |
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Status : |
Moderate |
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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 moderate track record. Rating is constrained on account of volatility in commodity prices and
increase in external borrowing (Short term borrowing) as compared to previous
year. However, trade relation are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing with slight
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) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: “BB-” |
|
Rating Explanation |
Inadequate credit quality and high credit
risk. |
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Date |
31.01.2014 |
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Rating Agency Name |
CRISIL |
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Rating |
Short term rating : “A4+” |
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Rating Explanation |
Minimal degree of safety and very high
credit risk. |
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Date |
31.01.2014 |
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. Satish Mane |
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Designation : |
Accounts Manager |
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Contact No.: |
91-9820104970 |
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Date : |
18.07.2014 |
LOCATIONS
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Registered Office : |
401, Satyadev, Plot No.A-6, Veera Industrial Estate, Off. Veera Desai
Road, Andheri (West), Mumbai – 400053, Maharashtra, India |
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Tel. No. : |
91-22-40639900 |
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Mobile No. : |
91-9820104970 (Mr. Satish Mane) |
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Fax No. : |
91-22-40639901 |
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E-Mail : |
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Website : |
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Area : |
5500 Sq.ft. |
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Location : |
Owned |
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Warehouse : |
Located at · Bhiwandi, Thane, Maharashtra, India |
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Delhi Office : |
201, Vardhaman Star City Mall, LSC III, Sector-7, Dwarka, Delhi, India |
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Tel. No.: |
91-11-25089503/ 25084172 |
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Fax No.: |
91-11-25084172 |
DIRECTORS
As on 30.09.2013
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Name : |
Mr. Vivek Dattatray Samant |
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Designation : |
Managing director |
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Address : |
405, Raheja Crest-1, Raheja Complex, Off Link Road, Oshiwara, Andheri
(West), Mumbai – 400053, Maharashtra, India |
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Date of Birth/Age : |
05.02.1958 |
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Date of Appointment : |
10.05.1997 |
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DIN No. : |
00107774 |
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Other Directorship :
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Name : |
Namita Vivek Samant |
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Designation : |
Whole-time director |
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Address : |
405, Raheja Crest-1, Raheja Complex, Off Link Road, Oshiwara, Andheri
(West), Mumbai – 400053, Maharashtra, India |
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Date of Birth/Age : |
25.07.1962 |
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Date of Appointment : |
10.01.1997 |
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DIN No. : |
00107808 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Satish Mane |
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Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Vivek D. Samant |
639167 |
55.29 |
|
Namita Vivek Samant |
215119 |
18.61 |
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Vidya D. Samant |
135000 |
11.68 |
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Vivek D. Samant HUF |
166667 |
14.42 |
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Total |
1155953 |
100.00 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader and Importer of Cosmetics, Chemicals and Pharmaceutical
Products. |
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Exports : |
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Products : |
Chemicals |
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Countries : |
Japan |
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Imports : |
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Products : |
· Cosmetics Chemicals Pharmaceutical Products |
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Countries : |
· France Singapore |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
· SEPPIC, France Schulke and Mayr, Germany Richo India Limited Saffron Media Private Limited Tamilnadu Veterinary and Animal Sciences University Tata Power Company Limited Tirupati Stationery and Xerox UBM India Private Limited Varsha Rani Tempo Service Vichare Courier Service Private Limited |
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Customers : |
Wholesalers · Cipla Limited Dr. Reddy’s Arch Pharmalabs Limited Sante Mernaud Pharmaceuticals Private Limited. Compass Production Company Limited Shin‐Etsu Chemical Company Limited Well Chemical Limited Sinochem Ningbo Limited Henan Jindan Lactic Acid Technology Company Limited Prima Global |
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No. of Employees : |
60 (Approximately) |
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Bankers : |
· Corproation Bank, Mumbai-Versova Branch,Sheroo Villa, Jayprakash Road, Andheri (West), Mumbai - 400053, Maharashtra, India ICICI Bank Limited, 349, Business Point, Near Sai
Services, Western Express Highway, Andheri (East), Mumbai - 400049,
Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Ashok Taparia Chartered Accountant |
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Address : |
18/1 Om Heera Panna, Oshiwara Link Road, Andheri (West), Mumbai – 400053, Maharashtra, India |
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Tel. No. : |
91-22-40107675 |
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Mobile No. : |
91-9820568304 |
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Fax No. : |
91-22-40166978 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
ACDPT3367Q |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,200,000 |
Equity Shares |
Rs.10/- each |
Rs. 12.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,155,953 |
Equity Shares |
Rs.10/- each |
Rs. 11.560 Millions |
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As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
525,000 |
Equity Shares |
Rs.10/- each |
Rs. 5.250 Millions |
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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 |
5.250 |
5.250 |
5.250 |
|
(b) Reserves & Surplus |
76.618 |
34.116 |
36.634 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
6.310 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
88.178 |
39.366 |
41.884 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
7.443 |
7.785 |
12.198 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
13.505 |
9.945 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
20.948 |
17.730 |
12.198 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
54.194 |
5.468 |
4.000 |
|
(b) Trade payables |
32.502 |
0.830 |
0.843 |
|
(c) Other current
liabilities |
5.975 |
4.245 |
11.024 |
|
(d) Short-term provisions |
1.430 |
3.061 |
3.280 |
|
Total Current Liabilities (4) |
94.101 |
13.604 |
19.147 |
|
|
|
|
|
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TOTAL |
203.227 |
70.700 |
73.229 |
|
|
|
|
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II.
ASSETS |
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|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
45.212 |
45.204 |
49.047 |
|
(ii) Intangible Assets |
0.387 |
0.205 |
0.039 |
|
(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) |
1.151 |
0.092 |
0.000 |
|
(d) Long-term Loan and Advances |
24.452 |
5.069 |
1.167 |
|
(e) Other Non-current assets |
0.887 |
0.818 |
0.846 |
|
Total Non-Current Assets |
72.089 |
51.388 |
51.099 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
69.073 |
0.000 |
0.000 |
|
(c) Trade receivables |
56.178 |
4.997 |
6.193 |
|
(d) Cash and cash
equivalents |
2.586 |
10.881 |
6.422 |
|
(e) Short-term loans and
advances |
2.451 |
2.910 |
9.165 |
|
(f) Other current assets |
0.850 |
0.524 |
0.350 |
|
Total Current Assets |
131.138 |
19.312 |
22.130 |
|
|
|
|
|
|
TOTAL |
203.227 |
70.700 |
73.229 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
25.365 |
32.557 |
|
|
|
Other Income |
|
4.316 |
4.642 |
|
|
|
TOTAL |
269.136 |
29.681 |
37.199 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
10.524 |
9.532 |
|
|
|
Other expenses |
|
10.454 |
8.974 |
|
|
|
TOTAL |
255.277 (Including
Financial Expenses) |
20.978 |
18.506 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
8.703 |
18.693 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
2.327 |
3.556 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
13.859 |
6.376 |
15.137 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.882 |
5.036 |
4.960 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
7.977 |
1.340 |
10.177 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.536 |
0.645 |
3.037 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
4.441 |
0.695 |
7.140 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
YIEPL(Other Income, Indicating the Nature thereof) |
16.790 |
|
|
|
|
|
YBSPL (Export of Goods) |
1.070 |
0.000 |
|
|
|
|
YCPL (Export of Goods) |
10.262 |
0.000 |
|
|
|
TOTAL EARNINGS |
28.122 |
25.366 |
32.557 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
YBSPL (Trading Goods) |
140.802 |
0.000 |
NA |
|
|
TOTAL IMPORTS |
140.802 |
S0.000 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
13.00 |
136.00 |
|
|
Particulars |
|
|
31.03.2014 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
|
270.000 |
|
|
|
|
|
The above information has been parted by Mr. Mr. Satish Mane (Accounts Manager).
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.65 |
2.34 |
19.19 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
5.28 |
31.26 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.95 |
1.90 |
13.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.03 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.70 |
0.34 |
0.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.39 |
1.42 |
1.16 |
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 |
5.250 |
5.250 |
5.250 |
|
Reserves & Surplus |
36.634 |
34.116 |
76.618 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
6.310 |
|
Net
worth |
41.884 |
39.366 |
88.178 |
|
|
|
|
|
|
long-term borrowings |
12.198 |
7.785 |
7.443 |
|
Short term borrowings |
4.000 |
5.468 |
54.194 |
|
Total
borrowings |
16.198 |
13.253 |
61.637 |
|
Debt/Equity
ratio |
0.387 |
0.337 |
0.699 |
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) |
|
Total Income |
37.199 |
29.681 |
269.136 |
|
|
|
(20.210) |
806.762 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
37.199 |
29.681 |
269.136 |
|
Profit |
7.140 |
0.695 |
4.441 |
|
|
19.19% |
2.34% |
1.65% |
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 |
Yes |
|
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
four 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 |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10360381 |
05/06/2012 |
5,000,000.00 |
ICICI HOME FINANCE COMPANY LIMITED |
ICICI BANK TOWERS, BANDRA-KURLA, COMPLEX, MUMBAI, MAHARASHTRA - 400051, INDIA |
B41533167 |
|
2 |
10089795 |
07/02/2008 |
2,500,000.00 |
CORPORATION BANK |
VERSOVA BRANCH,
ANDHERI (WEST), MUMBAI, MAHARAS |
A33154162 |
|
3 |
10089796 |
31/01/2008 |
2,000,000.00 |
CORPORATION BANK |
VERSOVA BRANCH, ANDHERI (WEST), MUMBAI, MAHARASHTRA - 400053, INDIA |
A33152513 |
|
4 |
10063860 |
26/08/2013 * |
90,000,000.00 |
CORPROATION BANK |
MUMBAI-VERSOVA BRANCH,SHEROO VILLA, JAYPRAKASH ROAD, ANDHERI-WEST, MUMBAI, MAHARASHTRA - 400053, INDIA |
B87456380 |
|
5 |
10196903 |
26/02/2007 |
25,000,000.00 |
ICICI BANK LIMITED |
349, BUSINESS
POINT, NEAR SAI SERVICES,, WESTERN |
A67681163 |
|
6 |
90141272 |
18/12/2008 * |
38,000,000.00 |
CORPORATION BANK |
VERSOVA BRANCH, ANDHERI (WEST), MUMBAI, MAHARASHTRA - 400053, INDIA |
A54863642 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
From other than
banks |
|
|
|
Yasham Chemphar Private Limited |
0.000 |
4.200 |
|
Vivek D. Samant |
8.000 |
0.000 |
|
Total |
8.000 |
4.200 |
CHANGE OF
ADDRESS
The registered office of the company has been shifted from R. No. 1A, Nityanand Sadanbhardwadi, J P Road, Andheri (West), Mumbai – 400058, Maharashtra, India to the present address w.e.f. 01.01.2008.
CORPORATE
INFORMATION
Subject was incorporated on 07th January, 1997 having registered office at 401, Satyadev, Veera Industrial Estate, Off Veera Desai Road, Andheri (West), Mumbai, Maharashtra and carries on the business of indenting agent.
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
YBSPL(Bank Guarantees given to Custom authorities against differencial custom duty) |
0.697 |
0.000 |
FIXED ASSETS
Tangible Assets
· Land and Building
Computers
Plant
and Equipment
Furniture
and Fixtures
Vehicles
Electrical
Fittings
Intangible Assets
· Computer Software
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.60.14 |
|
|
1 |
Rs.103.00 |
|
Euro |
1 |
Rs.81.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
34 |
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.