MIRA INFORM REPORT
|
Report Date : |
18.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
BANG DATA FORMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No.50, Kewal Industrial Estate, Senapati Bapat Marg, Lower Parel
(West) Mumbai – 400013, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
19.07.1989 |
|
|
|
|
Com. Reg. No.: |
11-052672 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 13.200
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22219MH1989PTC052672 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB1541Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of PP Woven Sacks for the Cement, Food Grain and Textile
Industries. |
|
|
|
|
No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The rating reflects company’s established relationships with its customers
in the polypropylene (PP) woven sacks segment marked by healthy financial
risk profile and sound liquidity position 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 conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of 4.9
%, Fitch Rating said. The global rating agency expects the economy to pick up
in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The company
board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating: “BBB” |
|
Rating Explanation |
Have moderate degree of safety and carry moderate credit risk. |
|
Date |
20.01.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating: “A3+” |
|
Rating Explanation |
Have moderate degree of safety and carry higher credit risk. |
|
Date |
20.01.2014 |
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 DECLINED BY
|
Name : |
Mr. Darshil |
|
Designation : |
Import-Export Manager |
|
Contact No.: |
91-22-24901781 |
|
Date : |
17.06.2014 |
|
Name : |
Mr. Krishnakumar Ramkumar Bang |
|
Designation : |
Director |
|
Contact No.: |
91-22-24901781 |
|
Date : |
17.06.2014 |
LOCATIONS
|
Registered Office : |
Unit No.50, Kewal Industrial Estate, Senapati Bapat Marg, Lower Parel
(West) Mumbai -400013, Maharashtra, India |
|
Tel. No.: |
91-22-22070644/ 24901781 |
|
Mobile No.: |
91-9322225398 (Mr. |
|
Fax No.: |
91-22-22073868 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Plot No.A-7 and A -64, MIDC, Chincholi, Solapur-413255, Maharashtra,
India |
|
Tel. No.: |
91-217-2357511 |
|
Fax No.: |
91-217-2357726 |
|
E-Mail : |
|
|
Area : |
2000000 sq. ft |
|
Location : |
Owned |
DIRECTORS
(AS ON 05.09.2013)
|
Name : |
Mr. Krishnakumar Ramkumar Bang |
|
Designation : |
Director |
|
Address : |
122, Sir Bhacchandra Road, Hindu Colony, Mumbai-400014, Maharashtra, India |
|
Date of Birth/Age : |
25.04.1966 |
|
Date of Appointment : |
25.01.1990 |
|
PAN No.: |
AAVPB9853D |
|
DIN No.: |
00235932 |
|
|
|
|
Name : |
Mr. Venugopal Balaram Bang |
|
Designation : |
Director |
|
Address : |
122, Sir Bhacchandra Road, Hindu Colony, Mumbai-400014, Maharashtra, India |
|
Date of Birth/Age : |
02.06.1954 |
|
Date of Appointment : |
19.07.1989 |
|
DIN No.: |
00112410 |
|
|
|
|
Name : |
Mr. Varadraj Rangnath Bang |
|
Designation : |
Director |
|
Address : |
9, Arun Building, Narayan Dabolkar Road, Mumbai-400006, Maharashtra, India |
|
Date of Birth/Age : |
21.10.1967 |
|
Date of Appointment : |
25.07.1991 |
|
PAN No.: |
ABMPB8474C |
|
DIN No.: |
00235962 |
KEY EXECUTIVES
|
Name : |
Mr. Darshil |
|
Designation : |
Import-Export Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 05.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Sampatkumar Bang |
20000 |
1.52 |
|
Saraswati Devi Bang |
26200 |
1.98 |
|
Ramanujdas Bang |
5000 |
0.38 |
|
Kantadevi Bang |
22200 |
1.68 |
|
Arvind Kumar Bang |
26200 |
1.98 |
|
Purshottam Bang |
26200 |
1.98 |
|
Sridhar Bang |
28300 |
2.14 |
|
Padmavati P Soni |
13000 |
0.98 |
|
Vishnukanta N Baheti |
15000 |
1.14 |
|
Ramankanta S Partani |
20000 |
1.52 |
|
Srikanta Laddha |
20000 |
1.52 |
|
Ramkumar Bang |
64700 |
4.90 |
|
Parwatidevi Bang |
50200 |
3.80 |
|
Narayandas Bang |
35000 |
2.65 |
|
Rekha N Bang |
31000 |
2.35 |
|
Kamalnayan R Bang |
35000 |
2.65 |
|
Krishna K Bang |
41600 |
3.15 |
|
Madhusudan Bang |
35000 |
2.65 |
|
Sita Bajaj |
20000 |
1.52 |
|
Geeta Jakhotia |
20000 |
1.52 |
|
Balaram R Bang |
50400 |
3.82 |
|
Radhadevi R Bang |
31400 |
2.38 |
|
Venugopal B Bang |
36600 |
2.77 |
|
Tara B Bang |
35400 |
2.68 |
|
Nandgopal B Bang |
35400 |
2.68 |
|
Sobha N Bang |
29600 |
2.24 |
|
Rajgopal B Bang |
35400 |
2.68 |
|
Girdhar B Bang |
35400 |
2.68 |
|
Brijgopal L Bang |
45500 |
3.45 |
|
Anusuya S Dhoot |
20000 |
1.52 |
|
Madhu R Maheshwari |
20000 |
1.52 |
|
Rangnath S Bang |
64900 |
4.92 |
|
Pushpadevi R Bang |
49800 |
3.77 |
|
Varadraj R Bang |
50400 |
3.82 |
|
Vasudev R Bang |
50500 |
3.83 |
|
Laxminiwas S Bang |
70500 |
5.34 |
|
Pushpa L Bang |
44200 |
3.35 |
|
Gopibai S. Bang |
10000 |
0.76 |
|
Satyanarayan R Sarda |
10000 |
0.76 |
|
Dwarka Prasad R Sarda |
10000 |
0.76 |
|
Ramkishore S Sarda |
10000 |
0.76 |
|
Rajgopal S Sarda |
10000 |
0.76 |
|
Shobha Devi Sarda |
10000 |
0.76 |
|
TOTAL |
1320000 |
100.00 |
As on 05.09.2013
|
Equity Shares Break – up |
Percentage of
Holding |
|
Directors or relatives of directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of PP Woven Sacks for the Cement, Food Grain and Textile
Industries. |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
PP Woven Fabrics/Bags |
Tons |
900 Per Month |
750 Per Month |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
·
ING Vysya Bank Limited, Mittal Towers, A Wing,
Ground Floor, 210, Nariman Point, Mumbai-400021, Maharashtra, India ·
Commonwealth Bank of Australia, Level 2, Hoechst
House, Nariman Point, Mumbai-400021, Maharashtra, India ·
Yes Bank Limited, 9th Floor, Nehru
Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai-400018,
Maharashtra, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Financial Institution : |
SICOM Limited, Nariman Point, Mumbai-400021, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
K.M. Garg and Company Chartered Accountants |
|
Address : |
603/604, Unique Tower, Off. S.V. Road, Goregaon (West), Mumbai-400062,
Maharashtra, India |
|
PAN No.: |
AAEFK4654J |
|
|
|
|
Associates : |
Supreme
Polyweave Private Limited CIN No.:- U25202MH1999PTC121809 Bang Paper
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 |
|
|
|
|
|
|
1320000 |
Equity Shares |
Rs.10/- each
|
Rs.13.200
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 |
13.200 |
13.200 |
13.200 |
|
(b) Reserves & Surplus |
238.582 |
198.008 |
165.750 |
|
(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) |
251.782 |
211.208 |
178.950 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
99.199 |
125.866 |
68.533 |
|
(b) Deferred tax liabilities (Net) |
11.288 |
14.353 |
15.118 |
|
(c) Other long term
liabilities |
1.172 |
0.506 |
2.321 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
111.659 |
140.725 |
85.972 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
105.127 |
104.754 |
121.754 |
|
(b) Trade
payables |
60.314 |
108.625 |
95.440 |
|
(c) Other
current liabilities |
28.596 |
19.897 |
42.859 |
|
(d) Short-term
provisions |
0.979 |
5.196 |
53.238 |
|
Total Current
Liabilities (4) |
195.016 |
238.472 |
313.291 |
|
|
|
|
|
|
TOTAL |
558.457 |
590.405 |
578.213 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
215.552 |
221.832 |
238.911 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.200 |
15.345 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.175 |
0.176 |
0.175 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
16.920 |
45.025 |
16.791 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
232.847 |
282.378 |
255.877 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
132.780 |
142.299 |
140.431 |
|
(c) Trade
receivables |
153.187 |
123.937 |
111.459 |
|
(d) Cash
and cash equivalents |
8.578 |
11.039 |
7.483 |
|
(e)
Short-term loans and advances |
31.065 |
30.752 |
62.963 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
325.610 |
308.027 |
322.336 |
|
|
|
|
|
|
TOTAL |
558.457 |
590.405 |
578.213 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
NA |
43.529 |
41.293 |
|
|
|
|
|
|
|
|
|
Less |
PROVISION FOR TAX |
NA |
15.774 |
14.717 |
|
|
|
|
|
|
|
|
|
Less |
OTHER
PROVISION |
NA |
(0.150) |
3.224 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
40.574 |
27.905 |
23.352 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
497.878 |
403.567 |
271.615 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
-- |
21.14 |
17.69 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
7.57 |
7.14
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.21 |
0.23
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.81
|
1.09 |
1.06
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.67
|
1.29 |
1.03
|
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
13.200 |
13.200 |
13.200 |
|
Reserves & Surplus |
165.750 |
198.008 |
238.582 |
|
Net
worth |
178.950 |
211.208 |
251.782 |
|
|
|
|
|
|
long-term borrowings |
68.533 |
125.866 |
99.199 |
|
Short term borrowings |
121.754 |
104.754 |
105.127 |
|
Total
borrowings |
190.287 |
230.620 |
204.326 |
|
Debt/Equity
ratio |
1.063 |
1.092 |
0.812 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITY
OF LONG TERM DEBTS:
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
||
|
|
|
|
|
|
Current Maturity of Long Term Debts |
0.000 |
0.000 |
29.499 |
|
|
|
|
|
|
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 |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
No |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
23] |
Banking Details |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOANS
|
Particulars |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions)
|
|
|
Long Term
Borrowings |
|
|
|
Loans and Advances from Directors |
2.692 |
0.270 |
|
Loans and Advances from Others |
46.981 |
36.190 |
|
TOTAL
|
49.673 |
36.460 |
CHANGE OF ADDRESS
The registers office of the company has been
shifted from 581, Bhuleshwar Road, Mumbai - 400002, Maharashtra, India to the
present address w.e.f. 27.03.2009.
INDEX OF CHARGES
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10443048 |
12/07/2013 |
30,000,000.00 |
YES BANK LIMITED |
9TH
FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. |
B82122078 |
|
2 |
10393571 |
07/12/2012 |
50,000,000.00 |
COMMONWEALTH BANK OF AUSTRALIA |
LEVEL 2, HOECHST HOUSE, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B64736598 |
|
3 |
10286017 |
15/06/2012 * |
20,000,000.00 |
ING VYSYA BANK LIMITED |
C-12, G BLOCK,BANDRA KURLA COMPLEX, BANDRA EAST, MUMBAI, MAHARASHTRA - 400051, INDIA |
B42553735 |
|
4 |
10204233 |
07/06/2012 * |
57,000,000.00 |
ING VYSYA BANK LIMITED |
MITTAL TOWERS,A-WING,GROUND FLOOR, 210 NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B42556134 |
|
5 |
90237591 |
15/06/2012 * |
177,000,000.00 |
ING VYSYA BANK LIMITED |
C-12, G BLOCK,BANDRA KURLA COMPLEX, BANDRA EAST, MUMBAI, MAHARASHTRA - 400051, INDIA |
B42478446 |
|
6 |
90237475 |
06/02/2002 |
24,000,000.00 |
INDIAN BANK |
NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
- |
|
7 |
90237204 |
04/05/1999 * |
15,000,000.00 |
STATE BANK OF MAURITIUS LIMITED |
101; RAHEJA CENTRE, FREE PRESS JOURNAL ROAD; NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
- |
|
8 |
90237880 |
23/09/1998 * |
6,100,000.00 |
SICOM LIMITED |
NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
- |
* Date of charge modification
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer Software
·
Vehicle
·
Electrical Equipment
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.60.37 |
|
|
1 |
Rs.102.48 |
|
Euro |
1 |
Rs.81.87 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
MRI |
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 |
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 |
|
45 |
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.