MIRA
INFORM REPORT
|
Report Date : |
19.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
TECHNOSHELL AUTOMATIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. G-49, MIDC Area, Ambad, Nashik-422010, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
27.03.2008 |
|
|
|
|
Com. Reg. No.: |
11-180530 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 7.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28112MH2008PTC180530 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NSKT02943D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCT8909Q |
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|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of hot foil stamping machine, screen printing machine,
lable and lacquer machine etc. |
|
|
|
|
No. of Employees
: |
59 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 340000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. The rating takes into consideration company’s sound financial risk
profile and decent profitability levels of the company. Trade relations are fair. Business is active. Payments are reported to
be usually correct. The company can be considered normal 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
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 PARTED BY
|
Name : |
Mr. Nikhil Kothawada |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-253-6627300 |
|
Date : |
17.07.2014 |
LOCATIONS
|
Registered Office / Factory : |
Plot No. G-49, MIDC Area, Ambad, Nashik-422010, Maharashtra, India |
|
Tel. No.: |
91-253-2383049 / 6627300 / 305 |
|
Fax No.: |
91-253-2381474 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 27.09.2013
|
Name : |
Mr. Nikhil Ramchandra Baste |
|
Designation : |
Director |
|
Address : |
Baste Hospital, 37 Kalpana Housing Society, College Road,
Nashik-422005, Maharashtra, India |
|
Date of Birth/Age : |
13.04.1962 |
|
Date of Appointment : |
27.03.2008 |
|
DIN No.: |
01999364 |
|
Name : |
Mr. Abbas Hakimuddin Aboojiwala |
|
Designation : |
Director |
|
Address : |
Vanraj Co-operative Housing Society, Bunglow No.19, Behind Dwarka
Takli Road, Nashik-422011, Maharashtra, India |
|
Date of Birth/Age : |
22.05.1963 |
|
Date of Appointment : |
27.03.2008 |
|
DIN No.: |
01999389 |
|
|
|
|
Name : |
Mr. Tareen Mubin Shaikh |
|
Designation : |
Director |
|
Address : |
House No.27/2, Multanpura Near Minara Masjid, Nashik-422001,
Maharashtra, India |
|
Date of Birth/Age : |
23.02.1961 |
|
Date of Appointment : |
27.03.2008 |
|
DIN No.: |
01999420 |
KEY EXECUTIVES
|
Name : |
Mr. Nikhil Kothawada |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2013
|
Names of Shareholders |
No. of Shares |
|
Tareen Shaikh |
250000 |
|
Abbas Aboojiwala |
250000 |
|
Nikhil Baste |
250000 |
|
TOTAL |
750000 |
AS ON 27.09.2013
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of hot foil stamping machine, screen printing machine,
lable and lacquer machine etc. |
|
|
|
|
Export : |
|
|
Countries : |
·
Middle East ·
Switzerland |
GENERAL INFORMATION
|
Supplier : |
·
BNR Industries, Pune |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Customers : |
·
TKH Plastics Private Limited, Hyderabad, India ·
J.D. Exports, Mumbai, India ·
Arun Plasto and Moulders, Chennai, India ·
R.D. Polyplast, Assam, India ·
Hertz Limited, Daman, India ·
3D Technopack Limited, Silvassa, India ·
Toly Products India Private Limited, Dehradun,
India ·
Juken Uniproducts Private Limited, Noida, India ·
Shimnit Utsch Private Limited, Faridabad, India ·
Bharat Box Factory Limited, Ludhiana, India ·
Madag Printing Systems AG, Switzerland ·
Padma Lamitube Limited, Bangladesh ·
Associate Industries Limited, Bangladesh ·
Sunrise Plastics Limited, Pakistan ·
Moheh Qazvin Packing and Plastics Industrial
Company, Iran ·
Espadana Company Limited, Iran ·
Aptar Beauty and Home India Private Limited |
||||||||||||||||||||||||||||||||||||
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|
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No. of Employees : |
59 (Approximately) |
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|
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|
Bankers : |
·
Union Bank of India, S S I Branch, B-50 Nice, M I
D C Satpur, Nashik - 422007, Maharashtra, India ·
Small Industries Development Bank of India, First
Floor, Pingle Complex, Opposite Kulkarni Garden, Sharanpur Road, Nashik -
422002, Maharashtra, India ·
HDFC Bank Limited |
||||||||||||||||||||||||||||||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
R. S. Baste and Company Chartered Accountants |
|
Address : |
4, 1st Floor, Gajanan Heights, Old Pandit Colony, Nashik-422002,
Maharashtra, India |
|
Tel. No.: |
91-253-2581309 / 2578639 |
|
Pan No.: |
AEJPB4764K |
|
|
|
|
Sister Concern :
|
Autoshell Electronech Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs.10/- each |
Rs. 7.500
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 |
7.500 |
7.500 |
7.500 |
|
(b) Reserves & Surplus |
76.306 |
49.820 |
35.245 |
|
(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) |
83.806 |
57.320 |
42.745 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
15.441 |
16.107 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
1.863 |
1.524 |
1.099 |
|
(c) Other long term
liabilities |
1.093 |
1.137 |
9.699 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
18.397 |
18.768 |
10.798 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
6.756 |
4.368 |
9.205 |
|
(b) Trade payables |
13.038 |
8.245 |
7.767 |
|
(c) Other current liabilities |
9.383 |
21.448 |
7.024 |
|
(d) Short-term provisions |
3.295 |
2.540 |
1.517 |
|
Total
Current Liabilities (4) |
32.472 |
36.601 |
25.513 |
|
|
|
|
|
|
TOTAL |
134.675 |
112.689 |
79.056 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
35.884 |
26.161 |
24.349 |
|
(ii) Intangible Assets |
1.492 |
1.358 |
0.798 |
|
(iii) Capital work-in-progress |
0.000 |
6.064 |
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 |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
37.376 |
33.583 |
25.147 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
26.894 |
14.404 |
9.849 |
|
(b) Inventories |
27.839 |
29.957 |
11.292 |
|
(c) Trade receivables |
13.509 |
8.897 |
18.394 |
|
(d) Cash and cash equivalents |
15.399 |
15.506 |
10.908 |
|
(e) Short-term loans and
advances |
13.658 |
10.342 |
3.466 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
97.299 |
79.106 |
53.909 |
|
|
|
|
|
|
TOTAL |
134.675 |
112.689 |
79.056 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Revenue from operations |
|
111.979 |
|
|
|
Other Income |
|
|
|
|
|
TOTAL
|
181.610 |
111.979 |
123.367 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
135.045 |
|
|
|
|
Employees benefits expense |
|
|
|
|
|
Financial
Expenses |
|
|
|
|
|
Other expenses |
|
|
|
|
|
TOTAL
|
135.045 |
85.797 |
87.978 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
46.565 |
26.182 |
35.389 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
4.081 |
3.204 |
2.610 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
42.484 |
22.978 |
32.779 |
|
|
|
|
|
|
|
Less |
TAX |
13.892 |
7.444 |
11.408 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
28.592 |
15.534 |
21.371 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
103.580 |
41.905 |
NA
|
|
|
TOTAL
EARNINGS |
103.580 |
41.905 |
NA |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
10.531 |
7.620 |
NA |
|
|
Capital Goods |
0.000 |
3.174 |
NA |
|
|
TOTAL
IMPORTS |
10.531 |
10.794 |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
38.12 |
20.71 |
28.49 |
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
135.000 |
|
|
|
|
|
The above information has been parted by Mr. Nikhil Kothawade.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
15.74 |
13.87 |
17.32 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
31.55 |
21.55 |
41.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.51 |
0.40 |
0.77 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.27 |
0.36 |
0.22 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.00 |
2.16 |
2.11 |
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 |
7.500 |
7.500 |
7.500 |
|
Reserves & Surplus |
35.245 |
49.820 |
76.306 |
|
Net
worth |
42.745 |
57.320 |
83.806 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
16.107 |
15.441 |
|
Short term borrowings |
9.205 |
4.368 |
6.756 |
|
Total
borrowings |
9.205 |
20.475 |
22.197 |
|
Debt/Equity
ratio |
0.215 |
0.357 |
0.265 |
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 |
123.367 |
111.979 |
181.610 |
|
|
|
(9.231) |
62.182 |
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 |
123.367 |
111.979 |
181.610 |
|
Profit/(Loss) After Tax |
21.371 |
15.534 |
28.592 |
|
|
17.32% |
13.87% |
15.74% |
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
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 |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
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 |
No |
VIEW INDEX OF
CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10344533 |
28/03/2012 |
2,700,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
FIRST FLOOR,
PINGLE COMPLEX, OPP. KULKARNI GARDEN, SHARANPUR ROAD, NASHIK, MAHARASHTRA -
422002, INDIA |
B35884154 |
|
2 |
10314010 |
21/10/2011 |
4,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
FIRST FLOOR,
PINGLE COMPLEX, OPP. KULKARNI GARDEN, SHARANPUR ROAD, NASHIK, MAHARASHTRA -
422002, INDIA |
B23874332 |
|
3 |
10279992 |
20/04/2011 |
1,800,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
FIRST FLOOR, PINGLE
COMPLEX, OPP. KULKARNI GARDEN, SHARANPUR ROAD, NASHIK, MAHARASHTRA - 422002,
INDIA |
B10473627 |
|
4 |
10231468 |
07/07/2010 |
4,025,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
FIRST FLOOR, PINGLE
COMPLEX, OPP. KULKARNI GARDEN, SHARANPUR ROAD, NASHIK, MAHARASHTRA - 422002,
INDIA |
A90159427 |
|
5 |
10186237 |
06/11/2009 |
3,150,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
FIRST FLOOR, PINGLE
COMPLEX, OPP. KULKARNI GARDEN, SHARANPUR ROAD, NASHIK, MAHARASHTRA - 422002,
INDIA |
A73303539 |
|
6 |
10130729 |
11/09/2009 * |
15,396,000.00 |
UNION BANK OF
INDIA |
S S I BRANCH,
B-50 NICE M I D C SATPUR, NASHIK, MAHARASHTRA - 422007, INDIA |
A70871363 |
|
7 |
10129507 |
24/09/2008 |
1,342,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
FIRST FLOOR,
PINGLE COMPLEX, OPP. KULKARNI GARDEN, SHARANPUR ROAD, NASHIK, MAHARASHTRA -
422002, INDIA |
A50552280 |
* Date of charge
modification
OPERATION AND
FINANCES OF COMPANY
The company has
developed one capping machine and added in the series of machines for plastic
and packaging industries. Particularly for this machine there is a competitor in
abroad and not in India. In the period of recession, this is one of the best
opportunities they have been achieved and used the time in new development.
FIXED ASSETS
·
Computer
·
Electrical Installation
·
Factory Building
·
Factory Equipments
·
Furniture and Fixtures
·
Land
·
Office Equipments
·
Plant and Machinery
·
Vehicles
·
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, India Prisons Service,
Interpol, etc.
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. 60.33 |
|
UK Pound |
1 |
Rs.103.18 |
|
Euro |
1 |
Rs.81.58 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.