MIRA INFORM REPORT
|
Report Date : |
19.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
GONDWANA ENGINEERS LIMITED (w.e.f. 10.12.2007) |
|
|
|
|
Formerly Known
As : |
GODWANA ENGINEERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
82, Abhyankar Nagar, Park Road, Nagpur-440010, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
10.05.1982 |
|
|
|
|
Com. Reg. No.: |
11-027105 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.4.016 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28920MH1982PLC027105 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NGPG00311D |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Civil Construction of water treatment purification. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 650000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. As per ROC the date of balance sheet (i.e financial filed) is shown as
31.03.2013 but the documents related to the financials for the year 2013 are
not available from any sources. As per the available financial of March 2012, there seems some dip in
the turnover and profit of the company. However, trade relations are reported to be fair. Business is active.
Payments terms are reported to be slow but correct. The company can be considered for business dealings with some caution.
|
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: (BB-) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
14.08.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: (A4+) |
|
Rating Explanation |
Minimal degree of safety it carry very high credit risk. |
|
Date |
14.08.2013 |
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. Parag |
|
Designation : |
Finance department |
|
Contact No.: |
91-712-2230988 |
|
Date : |
16.06.2014 |
LOCATIONS
|
Registered Office : |
82, Abhyankar Nagar, Park Road, Nagpur-440010, |
|
Tel. No.: |
91-712-2230988/2228895 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
As on 28.09.2013
|
Name : |
Rakshit Dhirajlal Doshi |
|
Designation : |
Director |
|
Address : |
A/103, 10th Floor, Tirthbhoomi Apartment, B/H, Law College
Ahmedabad – 380006, Gujarat, India |
|
Date of Appointment : |
14.05.2011 |
|
DIN No.: |
00150910 |
|
|
|
|
Name : |
Mr. Ashit Dhirajlal Doshi |
|
Designation : |
Director |
|
Address : |
A/103, 10th Floor, Tirthbhoomi Apartment, B/H, Law College
Ahmedabad – 380006, Gujarat, India |
|
Date of Appointment : |
14.05.2011 |
|
DIN No.: |
00150851 |
|
|
|
|
Name : |
Mr. Ganapathy Vishwanathan Iyer |
|
Designation : |
Director |
|
Address : |
A/103, 10th Floor, Tirthbhoomi Apartment, B/H, Law College
Ahmedabad – 380006, Gujarat, India |
|
Date of Appointment : |
14.05.2011 |
|
DIN No.: |
00081038 |
KEY EXECUTIVES
|
Name : |
Mr. Parag |
|
Designation : |
Finance department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2013
|
Names of Shareholders |
No. of Shares |
%age |
|
Amit Doshi |
100 |
0.25 |
|
Ashit Doshi |
100 |
0.25 |
|
Dhirajlal Doshi |
100 |
0.25 |
|
Doshion Veolia Water |
39560 |
98.51 |
|
Rakshit Doshi |
100 |
0.25 |
|
Sujiit Doshi |
100 |
0.25 |
|
Nishit Doshi |
100 |
0.25 |
|
Total |
40160 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2013
|
Category |
Percentage |
|
Bodies corporate |
98.51 |
|
Directors or relatives of Directors |
1.49 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Civil Construction of water treatment purification. |
|
|
|
|
Terms : |
|
|
Purchasing : |
Depend |
GENERAL INFORMATION
|
Customers : |
Government Organisation |
||||||||||||
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|
||||||||||||
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No. of Employees : |
50 (Approximately) |
||||||||||||
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|
||||||||||||
|
Bankers : |
Bank of Maharashtra, Industrial Finance Branch, 1183/A, F.
C. Road,, Pune - 411005, Maharashtra, India |
||||||||||||
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|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Paliwal Modani and Company Chartered Accountants |
|
Address : |
Opposite City Post Office, Itwari, Nagpur, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFP5515E |
|
|
|
|
Holding company: |
|
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.100/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
401460 |
Equity Shares |
Rs.100/- each |
Rs. 4.016
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 |
|
4.016 |
4.016 |
|
(b) Reserves & Surplus |
|
157.507 |
155.101 |
|
(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) |
|
161.523 |
159.117 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
|
0.000 |
0.741 |
|
(c) Other long term
liabilities |
|
9.644 |
10.517 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
9.644 |
11.258 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
104.169 |
103.485 |
|
(b) Trade payables |
|
106.318 |
49.309 |
|
(c) Other current liabilities |
|
26.078 |
42.892 |
|
(d) Short-term provisions |
|
26.919 |
4.730 |
|
Total
Current Liabilities (4) |
|
263.484 |
200.416 |
|
|
|
|
|
|
TOTAL |
|
434.651 |
370.791 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
10.838 |
11.727 |
|
(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 |
|
0.023 |
0.023 |
|
(c) Deferred tax assets (net) |
|
0.059 |
0.000 |
|
(d) Long-term Loan and Advances |
|
63.516 |
78.957 |
|
(e) Other Non-current assets |
|
2.055 |
2.779 |
|
Total
Non-Current Assets |
|
76.491 |
93.486 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
15.951 |
18.860 |
|
(c) Trade receivables |
|
82.323 |
88.147 |
|
(d) Cash and cash equivalents |
|
6.936 |
14.255 |
|
(e) Short-term loans and
advances |
|
18.925 |
19.246 |
|
(f) Other current assets |
|
234.025 |
136.797 |
|
Total
Current Assets |
|
358.160 |
277.305 |
|
|
|
|
|
|
TOTAL |
|
434.651 |
370.791 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
4.016 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
111.680 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
115.696 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
59.385 |
|
|
2] Unsecured Loans |
|
|
33.700 |
|
|
TOTAL BORROWING |
|
|
93.085 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.343 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
209.123 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
8.757 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.099 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
19.445
|
|
|
Sundry Debtors |
|
|
51.967
|
|
|
Cash & Bank Balances |
|
|
19.004
|
|
|
Other Current Assets |
|
|
131.106
|
|
|
Loans & Advances |
|
|
111.860
|
|
Total
Current Assets |
|
|
333.382
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
36.116
|
|
|
Other Current Liabilities |
|
|
89.562
|
|
|
Provisions |
|
|
7.437
|
|
Total
Current Liabilities |
|
|
133.115
|
|
|
Net Current Assets |
|
|
200.267
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
209.123 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SALES |
|
|
|
|
|
Income |
505.955 |
667.020 |
692.712 |
|
|
Other Income |
13.676 |
6.990 |
3.592 |
|
|
TOTAL
(A) |
519.631 |
674.010 |
696.304 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
415.488 |
528.186 |
|
|
|
Purchases of Stock-in-Trade |
0.982 |
0.000 |
|
|
|
Extraordinary items |
0.346 |
0.163 |
639.741 |
|
|
Employees benefits expense |
16.804 |
14.506 |
|
|
|
Other expenses |
28.824 |
50.885 |
|
|
|
TOTAL
(B) |
462.444 |
593.740 |
639.741 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
57.187 |
80.270 |
56.563 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
16.459 |
12.890 |
9.857 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
40.728 |
67.380 |
46.706 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
1.398 |
1.389 |
1.200 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
39.330 |
65.991 |
45.506 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
13.587 |
22.570 |
15.630 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(K) |
25.743 |
43.421 |
29.876 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
85.888 |
46.967 |
74.139 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
NA |
4.500 |
50.000 |
|
|
Dividend |
NA |
0.000 |
7.048 |
|
|
Balance
Carried to the B/S |
NA |
85.888 |
46.967 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
649.62 |
1085.25 |
744.00 |
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
800.000 |
The above information has been parted by Mr. Parag (Finance department)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.95
|
6.44 |
4.29 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.77
|
9.89 |
6.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.05
|
17.80 |
13.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.41 |
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.64
|
0.65 |
0.80 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36
|
1.38 |
0.80 |
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 |
4.016 |
4.016 |
|
Reserves & Surplus |
155.101 |
157.507 |
|
Net
worth |
159.117 |
161.523 |
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
|
Short term borrowings |
103.485 |
104.169 |
|
Total
borrowings |
103.485 |
104.169 |
|
Debt/Equity
ratio |
0.650 |
0.645 |
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) |
|
Sales |
692.712 |
667.020 |
505.955 |
|
|
|
(3.709) |
(24.147) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
692.712 |
667.020 |
505.955 |
|
Profit |
29.876 |
43.421 |
25.743 |
|
|
4.31% |
6.51% |
5.09% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: NOT AVAILABLE
|
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 |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10099910 |
03/09/2012 * |
710,000,000.00 |
BANK OF MAHARASHTRA |
INDUSTRIAL FINANCE BRANCH, 1183/A, F. C. ROAD, PUNE, MAHARASHTRA - 411005, INDIA |
B59948588 |
|
2 |
10053626 |
27/04/2007 |
2,000,000.00 |
BANK OF MAHARASHTRA |
SHANKAR NAGAR BRANCH, SOUTH AMBAZARI ROAD, NAGPUR, MAHARASHTRA - 440010, INDIA |
A15855281 |
|
3 |
90243785 |
28/12/2005 * |
55,000,000.00 |
BANK OF MAHARASHTRA |
MAIN BRANCH, BOMBAY, MAHARASHTRA, INDIA |
- |
|
4 |
90187898 |
15/11/2001 |
950,000.00 |
BANK OF MAHARASHTRA |
SHANKAR NAGAR
BRANCH, NAGPUR, MAHARASHTRA - 440010 |
- |
|
5 |
90186835 |
23/03/2001 |
2,500,000.00 |
BANK OF MAHARASHTRA |
SHANKAR NAGAR
BRANCH, NAGPUR, MAHARASHTRA - 440010 |
- |
|
6 |
90188657 |
09/09/1996 |
2,500,000.00 |
BANK OF MAHARASHTRA |
DANAKAR NAGAR
BRANCH, NAGPUR, MAHARASHTRA - 44001 |
- |
|
7 |
90188592 |
22/05/1995 |
2,000,000.00 |
BANK OF MAHARASHTRA |
WEST HIGH COURT
ROAD, SHANKAR NAGAR, NAGPUR, MAH |
- |
|
8 |
90189119 |
25/07/1994 |
1,500,000.00 |
BANK OF MAHARASHTRA |
SHANKAR NAGAR BRANCH,
NAGPUR, MAHARASHTRA - 440010 |
- |
|
9 |
90189118 |
21/08/1996 * |
1,500,000.00 |
BANK OF MAHARASHTRA |
SHANKAR NAGAR
BRANCH, NAGPUR, MAHARASHTRA - 440010 |
- |
|
10 |
90185996 |
28/12/2005 * |
1,500,000.00 |
BANK OF MAHARASHTRA |
MAIN BRANCH, BOMBAY, MAHARASHTRA, INDIA |
- |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
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 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] 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.60.12 |
|
|
1 |
Rs.102.00 |
|
Euro |
1 |
Rs.81.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
29 |
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.