1. Summary Information
|
|
|
Country |
|
|
Company Name |
ARDOR GLOBAL PRIVATE LIMITED |
Principal Name 1 |
Mr. Fenil Bharatbhai
Shah |
|
Status |
Satisfactory |
Principal Name 2 |
Mrs. Gitaben Bharatbhai
Shah |
|
|
|
Registration # |
04-064235 |
|
Street Address |
‘ARDOR HOUSE’, Mondeal Business Park,, Beside Gurudwara, S.G. Road, Thaltej, Ahmedabad-380059, Gujarat |
||
|
Date of Established |
01.03.2011 |
SIC Code |
-- |
|
Telephone# |
91-79-66219999 |
Business Style 1 |
Importer |
|
Fax # |
91-79-66219988 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Acid Slurry |
|
|
# of employees |
40 (Approximately) |
Product Name 2 |
Linear Alkyl Benzene |
|
Paid up capital |
Rs.
950,000,000/- |
Product Name 3 |
Vinyl Acetate Monomer |
|
Shareholders |
Bodies Corporate – 54.55% Directors or relatives of Directors – 45.45% |
Banking |
State Bank of
India, Rajkot Nagrik
Sahakari Bank Limited, Axis Bank |
|
Public Limited Corp. |
NO |
Business Period |
3 Years |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (43) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
2271,848,000 |
Current Liabilities |
467,498,000 |
|
Inventories |
62,228,000 |
Long-term Liabilities |
779,313,000 |
|
Fixed Assets |
185,000 |
Other Liabilities |
28,971,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
1275,782,000 |
|
Invest& other Assets |
2,000,000 |
Retained Earnings |
110,479,000 |
|
|
|
Net Worth |
1060,479,000 |
|
Total Assets |
2336,261,000 |
Total Liab. & Equity |
2336,261,000 |
|
Total Assets (Previous Year) |
1236,146,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Total Income |
5797,933,000 |
Net Profit |
73,542,000 |
|
Total Income (Previous yr) |
3642,046,000 |
Net Profit(Prev.yr) |
35,179,000 |
MIRA
INFORM REPORT
|
Report Date : |
21.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
ARDOR GLOBAL PRIVATE LIMITED (w.e.f. 12.07.2013) |
|
|
|
|
Formerly Known
As : |
CHEM-EDGE GLOBAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
‘ARDOR HOUSE’, Mondeal Business Park,, Beside Gurudwara, S.G. Road,
Thaltej, Ahmedabad-380059, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
01.03.2011 |
|
|
|
|
Com. Reg. No.: |
04-064235 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 950.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100GJ2011PTC064235 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMC03483E |
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|
|
|
PAN No.: [Permanent Account No.] |
AAECC3014H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Importer of Detergent Raw Materials |
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|
|
|
No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4200000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having satisfactory track record. A Reserve of the company is low. However, the rating takes into consideration company’s sound financial
risk profile marked by decent capital base and fair profitability levels of
the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade terms
and condition. |
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 |
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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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating=BBB |
|
Rating Explanation |
Moderate Degree of Safety and Moderate
Credit Risk |
|
Date |
08.07.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating=A3+ |
|
Rating Explanation |
Moderate Degree of Safety and High Credit
Risk |
|
Date |
08.07.2014 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Singh |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-79-66219999 |
|
Date : |
15.07.2014 |
LOCATIONS
|
Registered Office : |
‘ARDOR HOUSE’, Mondeal Business Park, Beside Gurudwara, S.G. Road,
Thaltej, Ahmedabad-380059, Gujarat, India |
|
Tel. No.: |
91-79-66219988 |
|
Mobile No.: |
91-9824392919 (Mr.Rakesh- Accounts Manager) |
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Fax No.: |
91-79-66219988 |
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E-Mail : |
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Website : |
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Location : |
Owned |
Note : Corporate office of the company has been
closed down.
DIRECTORS
As on: 28.09.2013
|
Name : |
Mr. Fenilbhai Bharatbhai Shah |
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Designation : |
Managing Director |
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Address : |
301- Heritage Crescent, Opp. Shantinketan Bunglows, S.G. Highway, Prahladnagar,
Ahmedabad-380051, Gujarat, India |
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Date of Birth/Age : |
Not Available |
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Date of Appointment : |
11.10.2012 |
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DIN No.: |
00044522 |
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Other Directorship :
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Name : |
Mrs. Gitaben Bharatbhai Shah |
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Designation : |
Director |
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Address : |
A/11, Northview Apartment, Nr. St. Xavier’s College, Navrangpura,
Ahmedabad-380009, Gujarat, India |
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Date of Birth/Age : |
Not Available |
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Date of Appointment : |
30.09.2011 |
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DIN No.: |
00049071 |
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Other Directorship :
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Name : |
Mr. Bharatbhai Ratanshi Shah |
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Designation : |
Director |
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Address : |
301- Heritage Crescent, Opp. Shantinketan Bunglows, S.G. Highway,
Prahladnagar, Ahmedabad-380051, Gujarat, India |
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Date of Birth/Age : |
Not Available |
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Date of Appointment : |
01.03.2011 |
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DIN No.: |
02438343 |
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Other Directorship :
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Name : |
Mr. Ashish Mahavir Tawakley |
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Designation : |
Additional Director |
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Address : |
705,706 Indradarshan II, Building No. 14, Off Link Road, Oshiwara,
Andheri (west) Mumbai-400058, Maharashtra, India |
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Date of Birth/Age : |
30.10.1964 |
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Date of Appointment : |
01.04.2011 |
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DIN No.: |
03425619 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Singh |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 28.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Fenil Bharatbhai Shah |
|
2272690 |
|
Bharatbhai Ratanshi Shah |
|
2272690 |
|
Gitaben Bharatbhai Shah |
|
2272740 |
|
Jinal Bharatbhai Shah |
|
2272740 |
|
Janki Fenil Shah |
|
2272740 |
|
Ardor In-Fin Private Limited |
|
2272740 |
|
Ardor Chemicals Private Limited |
|
2272740 |
|
Infinium Det-Chem Private Limited |
|
2272730 |
|
Jayco Synthetics Private Limited |
|
2272730 |
|
Ardor Global Private Limited |
|
2272730 |
|
Greenland Infracon Privated Limited |
|
2272730 |
|
Total |
|
25000000 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
54.55 |
|
Directors or relatives of Directors |
45.45 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importer of Detergent Raw Materials |
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Products : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
Qatar ·
China ·
Dubai ·
Korea |
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Terms : |
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Selling : |
Cash / Cheque / Credit |
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Purchasing : |
Cash / Cheque / Credit and Depend |
GENERAL INFORMATION
|
No. of Employees : |
40 (Approximately) |
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Bankers : |
·
State Bank of India, Overseas Branch, 3rd
Floor, Amrit Jayanti Bhavan, Navjivan Trust Complex, Navjivan P.O., Ahmedabad
– 380 004, Gujarat, India ·
Rajkot Nagrik Sahakari Bank Limited, Mithakhali Six
Road, Navrangpura, Ahmedabad – 380 009, Gujarat, India ·
Axis Bank |
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Facilities : |
(Rs.
In Millions)
|
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Banking
Relations : |
--- |
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Financial Institution : |
PNB Investment Service Ltd- Sec Trustee of BOI consortium
BOI-SBI-UBI-CBI-RNSB, Motor Sales and Services Building, Ashram Road, Ahmedabad-380009,
Gujarat, India |
|
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|
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Auditors : |
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|
Name : |
Vipul and Manish Associates Chartered Accountant |
|
Address : |
True Value House, Opp. Isro, Nr. Sundarvan Bus Stop, Satellite,
Ahmedabad-380015, Gujarat, India. |
|
PAN No.: |
AACFV2807J |
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Associates : |
·
Ardor International Private Limited (CIN No – U51909GJ2003PTC042016) |
CAPITAL STRUCTURE
As on: 28.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000000 |
Equity Shares |
Rs.10/- each |
Rs. 1000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
95000000 |
Equity Shares |
Rs.10/- each |
Rs. 950.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
950.000 |
250.000 |
100.000 |
|
(b) Reserves & Surplus |
110.479 |
36.936 |
1.758 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
73.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1060.479 |
359.936 |
101.758 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
255.414 |
132.720 |
114.619 |
|
(b) Deferred tax liabilities (Net) |
0.003 |
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) |
255.417 |
132.720 |
114.619 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
523.899 |
320.780 |
214.257 |
|
(b) Trade payables |
450.528 |
403.319 |
0.030 |
|
(c) Other current
liabilities |
16.970 |
9.086 |
4.582 |
|
(d) Short-term provisions |
28.968 |
10.305 |
0.800 |
|
Total Current Liabilities (4) |
1020.365 |
743.490 |
219.669 |
|
|
|
|
|
|
TOTAL |
2336.261 |
1236.146 |
436.046 |
|
|
|
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|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.185 |
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 |
2.000 |
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 |
1.814 |
2.497 |
0.929 |
|
Total Non-Current Assets |
3.999 |
2.497 |
0.929 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
62.228 |
67.560 |
137.148 |
|
(c) Trade receivables |
2186.860 |
1094.015 |
269.055 |
|
(d) Cash and cash
equivalents |
77.024 |
67.688 |
20.363 |
|
(e) Short-term loans and
advances |
6.150 |
4.386 |
8.551 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
2332.262 |
1233.649 |
435.117 |
|
|
|
|
|
|
TOTAL |
2336.261 |
1236.146 |
436.046 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income / Turnover |
|
|
256.243 |
|
|
|
Other Income |
|
|
NA |
|
|
|
TOTAL |
5797.933 |
3642.046 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
5682.188 |
3600.743 |
253.685 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
115.745 |
41.303 |
2.558 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
42.203 |
18.500 |
0.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
73.542 |
22.803 |
1.758 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.94 |
0.24 |
0.07 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.27 |
0.97 |
N.A |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
N.A |
N.A |
0.99 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.96 |
4.34 |
0.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.15 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.73 |
1.26 |
3.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.29 |
1.66 |
1.98 |
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 |
100.000 |
250.000 |
950.000 |
|
Reserves & Surplus |
1.758 |
36.936 |
110.479 |
|
Share application money
pending allotment |
0.000 |
73.000 |
0.000 |
|
Net worth |
101.758 |
359.936 |
1060.479 |
|
|
|
|
|
|
long-term borrowings |
114.619 |
132.720 |
255.414 |
|
Short term borrowings |
214.257 |
320.780 |
523.899 |
|
Total borrowings |
328.876 |
453.500 |
779.313 |
|
Debt/Equity ratio |
3.232 |
1.260 |
0.735 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
|
Income / Turnover |
3642.046 |
5797.933 |
|
|
|
59.194 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
3642.046 |
5797.933 |
|
Profit |
22.803 |
73.542 |
|
|
0.63% |
1.27% |
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 |
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 |
Note: The registered
office of the company has been shifted from B/1001-4, Premium House, Behind Handloom
House, Ashram Road, Ahmedabad – 380 009, Gujarat to the present address
w.e.f. 01.03.2013.
UNSECURED LOAN
|
Particulars |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from related parties (member) |
255.414 |
132.720 |
|
|
|
|
|
Total |
255.414 |
132.720 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10435730 |
25/06/2013 |
3,250,000,000.00 |
Pnb Investment Service Ltd - Sec Trustee Of Boi Co |
MOTOR SALES & SERVICES BUILDING, ASHRAM ROAD, AHMEDABAD - 380009,
GUJARAT, INDIA |
B79143087 |
|
2 |
10435729 |
25/06/2013 |
3,365,000,000.00 |
Pnb Investment Service Ltd - Sec Trustee Of Boi Co |
MOTOR SALES & SERVICES BUILDING, ASHRAM ROAD, AHMEDABAD - 380009,
GUJARAT, INDIA |
B79142857 |
FIXED ASSETS
·
Land
·
Land Improvements
·
Building
·
Office Equipments
·
Factory Equipments
·
Computer Equipments
·
Furniture and Fixtures
·
Vehicles
·
Livestock
·
Plantations
·
Computer Software
·
Patents
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. 60.18 |
|
|
1 |
Rs. 102.86 |
|
Euro |
1 |
Rs. 81.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRI |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
HIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.