MIRA
INFORM REPORT
|
Report Date : |
30.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
MAYFAIR BIOTECH PRIVATE LIMITED |
|
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Registered
Office : |
Plot No. 67A/68 Industrial Area, Mehatpur, Una-174315, Himachal
Pradesh |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
22.08.2003 |
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Com. Reg. No.: |
06-026304 |
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Capital Investment
/ Paid-up Capital : |
Rs.25.000 Millions |
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CIN No.: [Company Identification
No.] |
U24232HP2003PTC026304 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PTLM12829F |
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Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and Exporter of Polymer Emulsions, Textile Chemical,
Paper Chemical, Carpet Chemical. |
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|
No. of Employees
: |
80 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 258000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Exists |
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Comments : |
Subject is an established company having a satisfactory track record. Management of the company has failed to file its financial for the year
2013 with the government department. As per available financial of 2012, financial position of the company
seems to be decent. Trade relations are reported as fair. Business is active. Payment
terms are usually correct. The company can be considered 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
As per the latest IMF study, the total weigh of emerging markets in the GDP
of the world on a purchasing power parity basis has seen a sizeable shift. It
highlights how as against 51 % in 2005, the emerging economies now account for
close to 56 % of the global purchasing power GDP as per the latest survey. And
with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets
including equities, gold, fixed deposits, G-Secs and real estate since 1991.
Real estate outperformed every other asset classes during the 23-year period
with an annualized return of 20 % ! Equities came in second with annualized
return of 15.5 % ! However, while these returns may seem mouthwatering, the
fact is that the return from equities adjusted for inflation came down to just
7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
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. Chaman Singh Kapoor |
|
Designation : |
Director |
|
Contact No.: |
91-9816099175 |
|
Date : |
28.07.2014 |
LOCATIONS
|
Registered Office / Factory 1 : |
Plot No. 67A/68 Industrial Area, Mehatpur, Una-174315, Himachal
Pradesh, India |
|
Tel. No.: |
91-1975-232512 |
|
Mobile No.: |
91-9816393937 (Mr. Satish Rana) 91-9816099175 (Mr. Chaman Singh Kapoor) |
|
Fax No.: |
91-1975-232049 |
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E-Mail : |
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|
|
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Corporate Office : |
Mumbai, Maharashtra, India |
|
|
|
|
Factory 2 : |
L – 12, MIDC, Tarapur, District Thane, Maharashtra, India |
|
|
|
|
Branch Office : |
Located At ¨ Bangalore ¨ Delhi |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Anand Ramachandran |
|
Designation : |
Managing Director |
|
Address : |
Ii-3, Karthik (B), Eastern Express Highway, Chheda Nagar, Chembur, Mumbai-400089,
Maharashtra, India |
|
Date of Birth/Age : |
30.08.1960 |
|
Date of Appointment : |
22.08.2003 |
|
DIN No.: |
01221870 |
|
|
|
|
Name : |
Mr. Chaman Singh Kapoor |
|
Designation : |
Director |
|
Address : |
Plot No.84 Industrial Area, Mehatpur, Una-174315, Himachal Pradesh,
India |
|
Date of Birth/Age : |
26.06.1962 |
|
Date of Appointment : |
07.04.2010 |
|
DIN No.: |
02602346 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Anad Ramchandran |
1985000 |
|
Prafulla Pant |
25000 |
|
Sanjay Mahendru |
25000 |
|
Hitesh Madaan |
61800 |
|
Ajay Kapoor |
15000 |
|
Inderjit Singh |
15000 |
|
T Santhanam |
10000 |
|
Ashok Ramchandran |
6000 |
|
Kiran |
43000 |
|
Nisha Madaan |
66500 |
|
Meenaakshi Madaan |
27700 |
|
Subahsh Madaan |
185000 |
|
Ester Chemical Private Limited, India |
10000 |
|
Reema Adhesive Industries Private Limited, India |
10000 |
|
Ankit Petro Products Private Limited, India |
15000 |
|
|
|
|
TOTAL |
2500000 |
As on: 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
1.40 |
|
Directors or relatives of Directors |
98.60 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Polymer Emulsions, Textile Chemical,
Paper Chemical, Carpet Chemical. |
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Products : |
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Exports : |
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Products : |
·
Polymer Emulsion ·
Textile Chemical ·
Paper Chemical ·
Carpet Chemical |
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Countries : |
·
UAE ·
Middle East Countries ·
Africa ·
Europe |
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
South Korea ·
Singapore ·
China ·
South Africa ·
Taiwan ·
UK |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
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No. of Employees : |
80 (Approximately) |
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Bankers : |
·
Syndicate Bank ·
Development Credit Bank Limited, 301, Delta
Plaza, 414, Veer Savarkar Marg, Prabhadevi, Mumbai-400025, Maharashtra, India
·
State Bank of India ·
HDFC Bank · Citi Bank · Indusind Bank · Kotak Mahindra Bank · ICICI Bank |
||||||||||||||||||||||||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
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Financial
Institution : |
Mahindra and Mahindra Finance Limited |
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Auditors : |
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|
Name : |
Naveen Upadhyaya and Associates Chartered Accountant |
|
Address : |
Sanju Medical Store, Opposite District Hospital, Una-174303, Himachal
Pradesh, India |
|
Tel. No.: |
91-1975-224365 |
|
Mobile No.: |
91-9816145700 |
|
PAN No. : |
AADFN1033H |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
25.000 |
25.000 |
|
(b) Reserves & Surplus |
|
39.573 |
28.979 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
64.573 |
53.979 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
31.515 |
27.209 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.075 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.121 |
0.000 |
|
Total Non-current Liabilities (3) |
|
31.636 |
27.284 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
59.973 |
60.365 |
|
(b) Trade payables |
|
18.966 |
17.128 |
|
(c) Other current
liabilities |
|
14.743 |
7.873 |
|
(d) Short-term provisions |
|
5.352 |
5.032 |
|
Total Current Liabilities (4) |
|
99.034 |
90.398 |
|
|
|
|
|
|
TOTAL |
|
195.243 |
171.661 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
25.949 |
28.669 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
4.052 |
0.625 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
30.001 |
29.294 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
51.368 |
29.543 |
|
(c) Trade receivables |
|
99.433 |
105.911 |
|
(d) Cash and cash
equivalents |
|
10.990 |
4.669 |
|
(e) Short-term loans
and advances |
|
3.451 |
2.244 |
|
(f) Other current
assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
165.242 |
142.367 |
|
|
|
|
|
|
TOTAL |
|
195.243 |
171.661 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
25.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
19.575 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
44.575 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
26.354 |
|
|
2] Unsecured Loans |
|
|
30.039 |
|
|
TOTAL BORROWING |
|
|
56.393 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
100.968 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
32.925 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
8.376 |
|
|
Sundry Debtors |
|
|
57.219 |
|
|
Cash & Bank Balances |
|
|
14.886 |
|
|
Other Current Assets |
|
|
0.277 |
|
|
Loans & Advances |
|
|
0.097 |
|
Total
Current Assets |
|
|
80.855 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
7.879 |
|
|
Other Current Liabilities |
|
|
1.420 |
|
|
Provisions |
|
|
3.513 |
|
Total
Current Liabilities |
|
|
12.812 |
|
|
Net Current Assets |
|
|
68.043 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
100.968 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
301.974 |
238.686 |
134.787 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
288.454 |
226.753 |
124.038 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
13.520 |
11.933 |
10.749 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.927 |
2.539 |
2.029 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
10.593 |
9.404 |
8.720 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
28.979 |
19.575 |
10.855 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
39.572 |
28.979 |
19.575 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
0.259 |
1.907 |
0.000 |
|
|
TOTAL EARNINGS |
0.259 |
1.907 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
0.000 |
12.038 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.24 |
3.76 |
3.49 |
|
|
Particulars |
|
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
420.000 |
350.000 |
|
|
|
|
|
The above information has been parted by Mr. Chaman Singh Kapoor
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.51
|
3.93 |
6.47 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.92
|
6.95 |
6.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.22 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.41
|
1.62 |
1.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.66
|
1.57 |
6.31 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
25.000 |
25.000 |
|
Reserves & Surplus |
28.979 |
39.573 |
|
Net
worth |
53.979 |
64.573 |
|
|
|
|
|
long-term borrowings |
27.209 |
31.515 |
|
Short term borrowings |
60.365 |
59.973 |
|
Total
borrowings |
87.574 |
91.488 |
|
Debt/Equity
ratio |
1.622 |
1.417 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
134.787 |
238.686 |
301.974 |
|
|
|
77.084 |
26.515 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
134.787 |
238.686 |
301.974 |
|
Profit |
8.720 |
9.404 |
10.593 |
|
|
6.47% |
3.94% |
3.51% |
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 |
Yes |
|
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 |
Yes |
|
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 |
LITIGATION DETAILS
|
IN THE HIGH
COURT OF DELHI AT NEW DELHI O.M.P. 399/2014 RELIGARE FINVEST Limited ..... Petitioner Through: Mr. Gambhir Singh Chauhan, Adv. Versus MAYFAIR BIOTECH PRIVATE LIMITED and ORS ..... Respondent Through: CORAM: HON'BLE MR. JUSTICE VIPIN SANGHI ORDER 16.05.2014 Service report is awaited. While awaiting the same, issue
fresh notice returnable on 21.08.2014. Interim orders to continue. VIPIN SANGHI, J. MAY 16, 2014 |
UNSECURED LOAN
|
Particulars |
31.03.2012 [Rs.
in Millions] |
31.03.2011 [Rs.
in Millions] |
|
Long Term
Borrowing |
|
|
|
Loans from Banks
|
|
|
|
Bajaj Finance Limited |
0.075 |
0.880 |
|
Citi Bank Limited |
0.000 |
0.019 |
|
Future Money |
0.000 |
0.018 |
|
Magma Fincorp Limited |
0.156 |
0.000 |
|
Tata Capital Limited |
1.710 |
0.000 |
|
Religare Finevest Limited |
1.426 |
0.000 |
|
HDFC Bank Limited |
1.000 |
0.000 |
|
Sri Ram City Union Finance Limited |
1.395 |
0.000 |
|
Barclays |
0.000 |
0.000 |
|
HDFC Bank Limited |
0.00 |
0.000 |
|
Kotak Mahindra Prime Limited |
1.896 |
1.600 |
|
Magma Fincorp Limited |
0.000 |
0.000 |
|
|
|
|
|
From Others |
|
|
|
Related Parties (from Promoters, directors, and Relatives) |
23.120 |
24.459 |
|
|
|
|
|
Short Term
Borrowing |
|
|
|
Loans repayable on demand |
59.973 |
60.365 |
|
|
|
|
|
Total |
90.751 |
87.341 |
INDEX CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10373287 |
27/07/2012 |
142,000,000.00 |
SYNDICATE BANK |
SCO 66 - 67, BANK SQUARE SECTOR 17B, CHANDIGARH, |
B56697485 |
|
2 |
10230166 |
07/08/2010 * |
90,000,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
301, DELTA PLAZA, 414, VEER SAVARKAR MARG, PRABHA |
A92167253 |
|
3 |
10233556 |
24/07/2010 |
90,000,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
301, DELTA PLAZA, 414, VEER SAVARKAR MARG, PRABHA |
A91971986 |
* Date of charge modification
FIXED ASSETS
œ
Air Condition
œ
Computer Sets
œ
Electrical Fittings
œ
Building
œ
Fire Fighting Equipments
œ
Furniture and Fixtures
œ
Laboratory Instruments
œ
Lease Hold Land
œ
Misc Fixed Assets
œ
Mobile Phones
œ
Motor Car
œ
Motor Cycle
œ
Plant and Machinery
œ
Storage Tank
œ
Tools Equipments
œ
Truck
œ
Motor Cycle Star City
œ
Mahinder Pic-Up
œ
Weighing Scales
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.60.10 |
|
|
1 |
Rs.102.40 |
|
Euro |
1 |
Rs.80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
46 |
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.