|
Report Date : |
25.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
RIYA GOLD |
|
|
|
|
Registered
Office : |
211, 2nd Floor, Veena Industrial Estate, Opposite Everest Masala
Factory, L.B.S. Marg, Vikhroli (West), Mumbai – 400083, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Year of
Establishment : |
2014 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
ANMPS0402M |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Trading in Gold/ Silver Ornaments/ Jewelleries. |
|
|
|
|
No. of Employees
: |
04 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New Concern |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new proprietary concern establishing itself gradually. Ms. Sonika (CA) has provided us with all information. Payment terms are reported to be unknown. The concern can be considered for business dealings on a safe and
secured trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a
quarter of a century. The data was below an official estimate of 4.9 % annual growth
and compared with 4.5 % in the last fiscal year. However, the current account
deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product,
in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A
sharp fall in gold imports due to restrictions on overseas purchases and muted
import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of the
global e-commerce giant Amazon. The company raised $ 210 million from Russian
Investment firm DST Global which has also invested in companies like Facebook,
Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two.While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy
AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55
pounds a share.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Ms. Sonika |
|
Designation : |
Chartered Accountant |
|
Contact No.: |
91-9819760354 |
|
Date : |
21.06.2014 |
LOCATIONS
|
Registered Office : |
211, 2nd Floor, Veena Industrial Estate, Opposite Everest Masala
Factory, L.B.S. Marg, Vikhroli (West), Mumbai – 400083, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9869053967 (Mr. Mohan Sawant) 91-9819760354 (Ms. Sonika) |
|
Fax No.: |
Not Available |
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Mohan Bhaskar Sawant |
|
Designation : |
Proprietor |
|
Address : |
Flat No.301, Third Floor, D Wing, Patidar Complex Co-operative Housing
Society, Limited, Opposite Vikhroli Police Station, Kannamwar Nagar, Vikhroli
(East), Mumbai – 400083, Maharashtra, India
|
|
Date of Birth/Age : |
46 years |
|
Qualification : |
Graduate |
|
Experience : |
More than 10 years |
KEY EXECUTIVES
|
Name : |
Ms. Sonika |
|
Designation : |
Chartered Accountant |
BUSINESS DETAILS
|
Line of Business : |
Trading in Gold/ Silver Ornaments/ Jewelleries. |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (90 days) |
|
|
|
|
Purchasing : |
Credit (15 days) |
GENERAL INFORMATION
|
Suppliers : |
·
Chenaji Narsingji ·
D G Gold Centre ·
Chintamani Jewels ·
Marks Gold ·
Chintamani Gems and Jewellery Private
Limited ·
Raksha Bullions ·
Vijayraj Jewellers |
|
|
|
|
Customers : |
Wholesalers · Aakansha Jewellers · Gold Craft · K and K Jewellers · Marks Gold · P and S Jewellery Limited · Vaishanavi Jewels |
|
|
|
|
No. of Employees : |
04 (Approximately) |
|
|
|
|
Bankers : |
· Union Bank of India, Vikhroli, Maharashtra, India ·
ICICI Bank (Current Account), Vikhroli,
Maharashtra, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Divulged |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
Not Divulged |
FINANCIAL DATA
[All figures are
in Rupees Millions]
NEW CONCERN
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
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 |
No |
|
12] |
Profitability for last three years |
No |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
No |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
No |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
No |
|
28] |
Incorporation details, if applicable |
No |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
No |
|
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 |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT OF WORKING CAPITAL REQUIREMENT
OPERATING STATEMENT
(RS. IN MILLIONS)
|
|
Particulars |
Estimated 2014-15 |
Projection 2015-16 |
Projection 2016-17 |
Projection 2017-18 |
Projection 2018-19 |
|
|
|
|
|
|
||
|
GROSS SALES |
|
|
|
|
|
|
|
i) |
Sales |
|
|
|
|
|
|
a)
Domestic Sales |
125.000 |
137.500 |
151.250 |
166.375
|
183.013 |
|
|
b)
Export Sales |
- |
- |
- |
- |
- |
|
|
c) Sub-total [a+b] |
125.000 |
137.500 |
151.250 |
166.375 |
183.013 |
|
|
d)
%age rise (+) or fall (-) in net sales as compared to previous year |
0.00% |
10.00% |
10.00% |
10.00% |
10.00% |
|
|
Total |
125.000 |
137.500 |
151.250 |
166.375 |
183.013 |
|
|
|
|
|
|
|
||
|
ii) |
Other
income |
|
|
|
|
|
|
a)Duty
drawback |
- |
- |
- |
- |
- |
|
|
b)Cash
assistance |
- |
- |
- |
- |
- |
|
|
c)Commission/Brokerage/interest |
-
|
- |
- |
- |
- |
|
|
d) Sub-total [a+b+c] |
-
|
-
|
-
|
-
|
-
|
|
|
|
|
|
|
|
||
|
Total
[i] + [ii] |
125.000 |
137.500 |
151.250 |
166.375 |
183.013 |
|
|
|
|
|
|
|
||
|
COST OF SALES |
|
|
|
|
|
|
|
i) |
Purchases |
|
|
|
|
|
|
Imported |
- |
- |
- |
- |
- |
|
|
Domestic |
124.650 |
126.115 |
138.727 |
152.599 |
167.859 |
|
|
ii) |
Other
trading expenses [Process charges, carriage inward, comm. and brokerage on
purchases, etc] |
2.493 |
2.742 |
3.017 |
3.318 |
3.650 |
|
iii) |
Sub-total [i + ii] |
127.143 |
128.857 |
141.743 |
155.917 |
171.509 |
|
iv) |
Add:
Opening stock |
-- |
10.450 |
11.450 |
12.591 |
13.850 |
|
v) |
Sub-total [iii + iv] |
127.143 |
139.307 |
153.193 |
168.509 |
185.359 |
|
vi) |
Less:
Closing Stock |
10.450 |
11.450 |
12.591 |
13.850 |
15.235 |
|
vii) |
Sub-total
[Total cost of sales] [v - vi] |
116.693 |
127.857 |
140.602 |
154.659 |
170.124 |
|
Selling,
General & Administrative Expenses (including bonus payments) |
3.750 |
4.125 |
4.838 |
5.621 |
6.483 |
|
|
Operating
Profit before interest & Depreciation [1(iii)-2(vii)-3] |
4.557 |
5.518 |
5.811 |
6.095 |
6.405 |
|
|
INTEREST
Exps.-CC Charges |
2.917 |
3.500 |
3.500 |
3.500 |
3.500 |
|
|
-Other |
||||||
|
|
|
|||||
|
DEPRECIATION |
0.025 |
0.023 |
0.020 |
0.018 |
0.016 |
|
|
Operating
profit after interest and depreciation [4-5-6] |
1.615 |
1.995 |
2.290 |
2.577 |
2.889 |
|
|
(i)
Add other non-operating income |
||||||
|
Sub-total (income) |
-- |
-- |
-- |
-- |
-- |
|
|
(ii)
Deduct other non-operating expense |
||||||
|
Sub-total (expenses) |
-- |
-- |
-- |
-- |
-- |
|
|
(iii) Net of other non-operating
incomes/expenses |
-- |
-- |
-- |
-- |
-- |
|
|
Profit
before tax/loss (7+8(iii)) |
1.615 |
1.995 |
2.290 |
2.577 |
2.889 |
|
|
Provision
for tax |
-- |
-- |
-- |
-- |
-- |
|
|
Net
profit / (loss)[9-10] |
1.615 |
1.995 |
2.290 |
2.577 |
2.889 |
|
|
(i)
Equity dividend paid/ Drawings |
-- |
-- |
-- |
-- |
-- |
|
|
(ii)
Dividend Rate |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
||
|
Retained
Profit[11-12] |
1.615 |
1.995 |
2.290 |
2.577 |
2.889 |
|
|
|
|
|
|
|
||
|
Retained
profit / Net Profit (%age) |
100% |
100% |
100% |
100% |
100% |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(RS. IN MILLIONS)
|
Particulars |
Estimated 2014-15 |
Projection 2015-16 |
Projection 2016-17 |
Projection 2017-18 |
Projection 2018-19 |
|
CURRENT LIABILITIES |
|||||
|
Short
term borrowings from bank (incl. Bills purchased, discounted and excess
borrowings placed on repayment basis) |
|||||
|
(i)
From applicant bank |
25.000 |
25.000 |
25.000 |
25.000 |
25.000 |
|
(ii)
From other banks |
-- |
-- |
-- |
-- |
-- |
|
(iii)
of which EP & BD |
-- |
-- |
-- |
-- |
-- |
|
Sub Total (A) |
25.000 |
25.000 |
25.000 |
25.000 |
25.000 |
|
Short
term borrowings from others |
-- |
-- |
-- |
-- |
-- |
|
Sundry
Creditors - Trade |
5.225 |
5.296 |
5.825 |
6.408 |
7.048 |
|
Advance payments from customers/ deposits
from dealers |
-- |
-- |
-- |
-- |
-- |
|
Provision
for Taxation |
-- |
-- |
-- |
-- |
-- |
|
Dividend
Payable |
-- |
-- |
-- |
-- |
-- |
|
Other
statutory liabilities (due
within one year) |
-- |
-- |
-- |
-- |
-- |
|
Deposits/Instalments
of term loan/DPGs/ Debentures etc.(due within one year) |
-- |
-- |
-- |
-- |
-- |
|
Other
current liabilities and Provisions (due
within one year) |
2.358 |
3.054 |
3.450 |
3.637 |
3.670 |
|
Sub Total (B) |
7.583 |
8.350 |
9.275 |
10.044 |
10.718 |
|
Total Current Liabilities [total of 1 to 9] |
32.583 |
33.350 |
34.275 |
35.044 |
35.718 |
|
|
|||||
|
TERM LIABILITIES |
|||||
|
Debentures
(not maturing within one year) |
-- |
-- |
-- |
-- |
-- |
|
Preference
Shares (redeemable after one year) |
-- |
-- |
-- |
-- |
-- |
|
Term
loans (excluding instalments payable within one year) |
-- |
-- |
-- |
-- |
-- |
|
Differed
Payment Credits (excl.
instalments due within one year) |
-- |
-- |
-- |
-- |
-- |
|
Term
deposits (Repayable after one year) |
-- |
-- |
-- |
-- |
-- |
|
Other
term liabilities |
|||||
|
(a)
Unsecured loans |
2.100 |
2.100 |
2.100 |
2.100 |
2.100 |
|
TOTAL TERM LIABILITIES |
2.100 |
2.100 |
2.100 |
2.100 |
2.100 |
|
TOTAL OUTSIDE LIABILITIES |
34.683 |
35.450 |
36.375 |
37.144 |
37.818 |
|
NET WORTH |
|||||
|
Proprietor's
Capital |
8.000 |
9.116 |
10.495 |
12.078 |
13.858 |
|
Introduction |
-- |
-- |
-- |
-- |
-- |
|
Withdrawals |
0.499 |
0.616 |
0.708 |
0.796 |
0.893 |
|
Other
reserves (excluding provisions) |
-- |
-- |
-- |
-- |
-- |
|
Surplus
(+) or deficit (-) in Profit & Loss Account |
1.615 |
1.995 |
2.290 |
2.577 |
2.889 |
|
Net
worth |
9.116 |
10.495 |
12.078 |
13.858 |
15.854 |
|
TOTAL
LIABILITIES [18+24] |
43.800 |
45.945 |
48.453 |
51.002 |
53.673 |
|
|
|||||
|
CURRENT ASSETS |
|||||
|
Cash
& Bank balances |
0.100 |
0.100 |
0.100 |
0.100 |
0.200 |
|
Fix
Deposits |
-- |
-- |
-- |
-- |
-- |
|
Receivables |
29.110 |
30.137 |
31.079 |
31.908 |
32.591 |
|
Inventories |
|||||
|
(i)
Raw materials (including stores and other items in process of manufacture) |
|||||
|
(a)
Imported |
-- |
-- |
-- |
-- |
-- |
|
(b)
Indigenous |
3.415 |
3.455 |
3.801 |
4.181 |
4.599 |
|
|
|
|
|
|
|
|
(ii)
Stock-in-process |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
(iii)
Other consumable stores |
|
|
|
|
|
|
(a)
Imported |
-- |
-- |
-- |
-- |
-- |
|
(b)
Indigenous |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
(iv)
Finished Goods |
10.450 |
11.450 |
12.591 |
13.850 |
15.235 |
|
Advance
to suppliers of Raw materials and stores/spares |
-- |
-- |
-- |
-- |
-- |
|
Advance
payment of taxes |
-- |
-- |
-- |
-- |
-- |
|
Other
current assets |
0.500 |
0.600 |
0.700 |
0.800 |
0.900 |
|
Total Current asset [Total 26 to 33] |
43.575 |
45.742 |
48.271 |
50.838 |
53.525 |
|
FIXED ASSETS |
|||||
|
Gross
Block (Land and Building Machinery Vehicles work-in-progress) |
0.250 |
0.250 |
0.250 |
0.250 |
0.250 |
|
Depreciation
to date |
0.025 |
0.048 |
0.068 |
0.086 |
0.102 |
|
NET BLOCK (35-36) |
0.225 |
0.203 |
0.182 |
0.164 |
0.148 |
|
Investments/book
debts /advances deposits which are not current assets |
-- |
-- |
-- |
-- |
-- |
|
i.(a)Investments
in subsidiary companies/ affiliates |
-- |
-- |
-- |
-- |
-- |
|
(b)Others |
-- |
-- |
-- |
-- |
-- |
|
ii.
Advances to suppliers of capital goods and contractors |
-- |
-- |
-- |
-- |
-- |
|
iii.
Deferred receivables (Maturity
exceeding one year) |
-- |
-- |
-- |
-- |
-- |
|
|
|||||
|
iv.
Others |
-- |
-- |
-- |
-- |
-- |
|
|
|||||
|
Non
consumables stores & spare |
-- |
-- |
-- |
-- |
-- |
|
Other
non-current assets (incl. Dues from director) |
-- |
-- |
-- |
-- |
-- |
|
Total
other non-current assets (Total of 38 to 40) |
-- |
-- |
-- |
-- |
-- |
|
Intangible
assets (patents, goodwill, prelim, expenses, bad/ doubtful debts not provided
for etc.) |
-- |
-- |
-- |
-- |
-- |
|
TOTAL
ASSETS (Total of 34,37,41 & 42) |
43.800 |
45.945 |
48.453 |
51.002 |
53.673 |
|
Tangible
net worth (24-42) |
9.116 |
10.495 |
12.078 |
13.858 |
15.854 |
|
Net working Capital [(17+24)-(37+41+42)]
Totally with (34-10) |
10.991 |
12.392 |
13.995 |
15.794 |
17.807 |
|
Current
Ratio [34/10] |
1.34 |
1.37 |
1.41 |
1.45 |
1.50 |
|
Total
Outside Liabilities / Net Worth
(18/44) |
3.80 |
3.38 |
3.01 |
2.68 |
2.39 |
|
Quasi
|
2.91 |
2.65 |
2.42 |
2.20 |
1.99 |
|
|
|
|
|
|
|
|
ADDITIONAL INFORMATION |
|||||
|
A. Arrears of depreciation |
- |
- |
- |
- |
- |
|
B. Contingent Liabilities |
- |
- |
- |
- |
- |
|
(a)Arrears
of cumulative dividends |
- |
- |
- |
- |
- |
|
(b)Gratuity
liability not provided for |
- |
- |
- |
- |
- |
|
(c)Disputed
excise/ customs/tax liabilities |
- |
- |
- |
- |
- |
|
(d)Other
liabilities not provided for |
- |
- |
- |
- |
- |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE STATEMENT OF CURRENT ASSETS
& CURRENT LIABILITIES
(RS. IN MILLIONS)
|
Particulars |
Estimated 2014-15 |
Projection 2015-16 |
Projection 2016-17 |
Projection 2017-18 |
Projection 2018-19 |
|
A. CURRENT ASSETS: |
|||||
|
Cash & Bank Balances |
0.100 |
0.100 |
0.100 |
0.100 |
0.200 |
|
Investments
(other
than long term investments) |
|||||
|
(i) Government and other Trustee securities |
-- |
-- |
-- |
-- |
-- |
|
(ii)
Fixed deposits with banks |
-- |
-- |
-- |
-- |
-- |
|
(i)
Receivables other than deferred & exports (incl. Bills purchased &
discounted by banks) |
29.110 |
30.137 |
31.079 |
31.908 |
32.591 |
|
(ii)
Export receivable (incl. Bills purchased & discounted by banks) |
-- |
-- |
-- |
-- |
-- |
|
Instalments
of deferred receivable (due within one year) |
-- |
-- |
-- |
-- |
-- |
|
Inventories |
|||||
|
(i)
Raw materials (including stores and other items in process of manufacture) |
|||||
|
(a)
Imported |
-- |
-- |
-- |
-- |
-- |
|
(b)
Indigenous |
3.415 |
3.455 |
3.801 |
4.181 |
4.599 |
|
|
|
|
|
|
|
|
(ii)
Stock-in-process |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
(iii)
Other consumable stores |
|
|
|
|
|
|
(a)
Imported |
-- |
-- |
-- |
-- |
-- |
|
(b)
Indigenous |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
(iv)
Finished Goods |
10.450 |
11.450 |
12.591 |
13.850 |
15.235 |
|
Advance
to suppliers of Raw materials & stores/spares |
-- |
-- |
-- |
-- |
-- |
|
Advance
payment of taxes |
-- |
-- |
-- |
-- |
-- |
|
Other
current assets |
0.500 |
0.600 |
0.700 |
0.800 |
0.900 |
|
Total Current
Assets [1 to 8] |
43.575 |
45.742 |
48.271 |
50.838 |
53.525 |
|
(To agree with item 34 in Form III) |
|
|
|
|
|
|
B. CURRENT
LAIBILITES (Other than bank
borrowings for working capital) |
|||||
|
Short term borrowings from others |
-- |
-- |
-- |
-- |
-- |
|
Sundry Creditors - Trade |
5.225 |
5.296 |
5.825 |
6.408 |
7.048 |
|
Advance
payments from customers/ deposits from dealers |
-- |
-- |
-- |
-- |
-- |
|
Provision for Tax |
-- |
-- |
-- |
-- |
-- |
|
Dividend
Payable |
-- |
-- |
-- |
-- |
-- |
|
Other
Statutory Liabilities (Due
within one year) |
-- |
-- |
-- |
-- |
-- |
|
Deposits/
Instalments of Term Loan/DPGs/ Debentures etc. (Due within one year) |
-- |
-- |
-- |
-- |
-- |
|
Other
current liabilities & Provisions (Due
within one year) |
2.358 |
3.054 |
3.450 |
3.637 |
3.670 |
|
Total Current
Liabilities [10 to 17] |
7.583 |
8.350 |
9.275 |
10.044 |
10.718 |
|
(To agree with sub-total B-Form III) |
|
|
|
|
|
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL
(RS. IN MILLIONS)
|
Particulars |
Estimated 2014-15 |
Projection 2015-16 |
Projection 2016-17 |
Projection 2017-18 |
Projection 2018-19 |
|
Total Current Assets (Form IV) |
43.575 |
45.742 |
48.271 |
50.838 |
53.525 |
|
|
|
|
|
|
|
|
Other Current Liabilities (other than bank
borrowings) (14 of Form IV) |
7.583 |
8.350 |
9.275 |
10.044 |
10.718 |
|
|
|
|
|
|
|
|
Working Capital Gap (WCP) (1-2) |
35.991 |
37.392 |
38.995 |
40.794 |
42.807 |
|
|
|
|
|
|
|
|
Minimum stipulated net working Capital -
25% of total current assets other than Export Receivables (as at 28(ii) of
form III) |
10.894 |
11.436 |
12.068 |
12.710 |
13.381 |
|
|
|
|
|
|
|
|
Actual/projected net working capital (45 in
form III) |
10.991 |
12.392 |
13.995 |
15.794 |
17.807 |
|
|
|
|
|
|
|
|
Item 3 minus item 4 |
25.098 |
25.957 |
26.928 |
28.085
|
29.425 |
|
|
|
|
|
|
|
|
Item 3 minus item 5 |
25.000 |
25.000 |
25.000 |
25.000 |
25.000 |
|
|
|
|
|
|
|
|
Maximum permissible bank finance (item 6 or
7 whichever is less) |
25.000 |
25.000 |
25.000 |
25.000 |
25.000 |
|
|
|
|
|
|
|
|
Excess borrowings, if any representing
short fall in NWC (4-5) |
- |
- |
- |
- |
- |
------------------------------------------------------------------------------------------------------------------------------
FUNDS FLOW STATEMENT
(RS. IN MILLIONS)
|
PARTICULARS |
Estimated 2014-15 |
Projection 2015-16 |
Projection 2016-17 |
Projection 2017-18 |
Projection 2018-19 |
|
|
|||||
|
Sources |
|||||
|
[a] Net profit (after tax) |
1.615 |
1.995 |
2.290 |
2.577 |
2.889 |
|
[b] Depreciation |
0.025 |
0.023 |
0.020 |
0.018 |
0.016 |
|
[c] Increase in Capital |
8.000 |
-- |
-- |
-- |
-- |
|
[d] Increased in Term Liabilities (Include
Public deposits) |
-- |
-- |
-- |
-- |
-- |
|
[e] Decrease in |
|||||
|
[i] Fixed Assets |
-- |
-- |
-- |
-- |
-- |
|
[ii] Other non-current Assets |
-- |
-- |
-- |
-- |
-- |
|
[f] Others (Unsecured Loans) |
2.100 |
-- |
-- |
-- |
-- |
|
[g] Total |
11.740 |
2.018 |
2.311 |
2.595 |
2.905 |
|
|
|||||
|
Application |
|||||
|
[a] Net Loss |
-- |
-- |
-- |
-- |
-- |
|
[b] Decrease in Term Liab. (Incl. Public
deposits) |
-- |
-- |
-- |
-- |
-- |
|
[c] Increase in |
|||||
|
[i] Fixed Assets |
0.250 |
-- |
-- |
-- |
-- |
|
[ii] Other non-current Assets |
-- |
-- |
-- |
-- |
-- |
|
[d] Withdrawals |
0.499 |
0.616 |
0.708 |
0.796 |
0.893 |
|
[e] Others (Unsecured loans) |
- |
- |
|||
|
[f] Total |
0.749 |
0.616 |
0.708 |
0.796 |
0.893 |
|
|
|||||
|
Long Term Surplus (+)
/ Deficit (-)
(1 minus 2) |
10.991 |
1.401 |
1.603 |
1.799 |
2.012 |
|
|
|||||
|
+ /
(-) in current assets * ( As per details given below) |
43.575 |
2.167 |
2.529 |
2.568 |
2.687 |
|
|
|||||
|
+ /
(-) in current Liabilities other than bank borrowings |
7.583 |
0.766 |
0.926 |
0.769 |
0.674 |
|
|
|||||
|
+ /
(-) in working capital Gap |
35.991 |
1.401 |
1.603 |
1.799 |
2.012 |
|
|
|||||
|
Net Surplus (+) /
deficit (-) (Difference of 3 & 6) |
(25.000) |
-- |
-- |
-- |
-- |
|
|
|||||
|
+ /
(-) in Bank Borrowings |
25.000 |
-- |
-- |
-- |
-- |
|
|
|||||
|
* Break up of (4) |
|||||
|
[i]
+ / (-) in Raw material |
-- |
-- |
-- |
-- |
-- |
|
[ii]
+ / (-) in Stock in process |
-- |
-- |
-- |
-- |
-- |
|
[iii]
+ / (-) in finished goods |
10.450 |
1.000 |
1.141 |
1.259 |
1.385 |
|
[iv]
+ / (-) in Receivables |
|||||
|
[a]
Domestic |
29.110 |
1.027 |
0.942 |
0.829 |
0.684 |
|
[b] Export |
-- |
-- |
-- |
-- |
-- |
|
[iii]
+ / (-) in stores & spares |
|||||
|
[iii]
+ / (-) in other Current Assets |
4.015 |
0.140 |
0.446 |
0.480 |
0.618 |
|
Total |
43.575 |
2.167 |
2.529 |
2.568 |
2.687 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH CERTIFICATE OF
MR. MOHAN SAWANT AS ON 31.03.2013
(RS. IN MILLIONS)
|
NAME |
(Mr. MOHAN BHASKAR SAWANT) |
||
|
Office
/ Place of Business Details |
A.
Postal Address |
211, 2nd Floor, Veena Industrial
Estate, Opposite Everest Masala Factory, L.B.S.
Marg, Vikroli (West) Mumbai - 400 083, Maharashtra, India |
|
|
|
B.
Owned / Rented |
Owned |
|
|
|
C.
Contact Details |
Tel No.91-22002D67551510 |
|
|
|
|
|
|
|
Residential Address |
A.
Postal Address |
D-301, Patidar Complex, Kannamwar Nagar,
Vikhorli (East), Mumbai- 400083, Maharashtra, India |
|
|
|
B.
Owned / Rented |
Owned |
|
|
|
C.
Contact Details |
Tel No.91-22-25787630 Mobile No. 91-9869053967 |
|
|
|
D. E-mail ID |
||
|
|
|
|
|
|
Banker Details |
Name
of the Banker |
Jankalyan
Sahakari Bank Limited |
|
|
|
Banking
since |
2001 |
|
|
|
Account
details |
A/c.
No. 1704 |
|
|
|
|
|
|
|
STATEMENT OF ASSETS
AND LIABILITIES |
|||
|
A.
LIST OF ASSETS |
|||
|
I.
Immovable (Address / Area/ Market Value/ Share % in the said property to be
specified. |
|||
|
Property Details |
Property Address |
Share |
Market
Value |
|
Residential Flat |
Residential Flat, at 301, Patidar Complex, Kannamwar
Nagar, Vikhorli, Mumbai – 400083, Maharashtra, India |
50% |
Rs.4.488
Millions |
|
Office
|
211, 2nd Floor, Veena Industrial
Estate, Opposite Everest Masala Factory, L.B.S. Marg, Vikroli (West) Mumbai
400083, Maharashtra, India |
100% |
Rs.8.320
Millions |
|
Furniture and Fixture |
House Hold Furniture |
-- |
Rs.0.031
Million |
|
|
|
|
|
|
Total |
Rs.12.839 Millions |
||
|
II.
Details of Movable Properties |
|||
|
Vehicle |
|
||
|
Tata
ACE |
0.269 |
||
|
Innova |
0.675 |
||
|
Deposit |
0.160 |
||
|
Share
in Adarsh Seva Pathpedi |
0.091 |
||
|
Invetsment
in Atharva Sales and Services Private Limited |
0.140 |
||
|
Cash
and Bank Balance |
0.113 |
||
|
Total |
1.448 |
||
|
|
|||
|
TOTAL ASSETS |
RS.14.287 MILLIONS |
||
|
|
|||
|
B.
LIST OF LIABILITIES |
|||
|
Secured
Loans from Financial Institution |
1.176 |
||
|
Unsecured
Loans from friends and Relatives |
0.020 |
||
|
|
|
||
|
TOTAL
LIABILITIES |
RS.1.196 MILLIONS |
||
|
|
|||
|
NETWORTH
( A-B) |
RS.13.091 MILLIONS |
||
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT OF IMMOVABLE PROPERTY
|
Purpose
for Which Valuation is made |
For
assessment of fair market value of the Property for bank purpose |
|
|
|
|
Date
as on Which Valuation is made |
13/05/2014 |
|
|
|
|
Name
on the
Purchaser |
Mr. Mohan Bhaskar Sawant |
|
|
|
|
If
the Property is under joint ownership/ co ownership, share Of each such
owner. Are the shares undivided? |
Sole Ownership |
|
|
|
|
Brief
description of Property |
Unit
No.211, Second Floor, Veena
Industrial Estate, Opposite Everest Masala Factory, L. B. S Road,
Vikhroli (West), Mumbai - 400083, Maharashtra, India |
|
|
|
|
Boundaries |
North: Home Town Building South:
Godown/ Commercial Building. East:
Factory West:
L.B.S. Road Latitude: 190
07'08.99"N. Longitude: 720 55'34.415"E. |
|
|
|
|
Location, Street, Ward No.
/ Survey/ Ploy No. |
CTS
No.105, Village Hiryali, Vikhroli (West), Mumbai |
|
|
|
|
Is
the property situated in Residential/ Commercial/ Mixed Area/ Industrial
Area? |
Industrial
Area. |
|
|
|
|
Classification
of locality- High Class/ Middle Class/ Poor Class |
Middle Class |
|
|
|
|
Proximity
to civic amenities, like schools, Hospitals, office, markets, cinemas, etc. |
Available
within 1 - 2 kms. |
|
Means
and Proximity to surface communication by which the locality is served |
Nearest
Railway station is Vikhroli (C. Rly.) Buses,
auto and taxis are easily available from the station near to/ up to the
particular locality. The site is well connected by roads. |
|
|
|
|
Area
of land supported by documentary proof, shape, dimensions and physical
feature |
Valuation
for Unit Carpet
area = 308 sq.fts. Super built up area = 416 sq.fts. or
thereabout |
|
|
|
|
Does
the land fall in an area included in any: Town Planning Scheme or any
Development Plan of Government or any statutory body? if so, give Particulars |
Within
the Jurisdiction of MCGM. |
|
|
|
|
Attach
Plans and elevations of all structures standing on the land and a lay-out plan |
Owner
may attach on demand if required. |
|
|
|
|
Is
the building owner Occupied / tenanted/ both? |
Owner
occupied. |
|
|
|
|
If
Partly owner- occupied, specify portion: and
extent of area under owner- occupation |
Full |
|
|
|
|
What
is the Floor Space Index Permissible and percentage actually utilized? |
As
permissible by MCGM rules and regulation. |
|
|
|
|
Give
details of water and electricity charges, if any, to be borne by the owner |
These Charges are to be borne by the owner |
|
|
|
|
If
a lift is installed, who is to bear the cost of maintenance and operation -
owner or tenant? |
These
charges are to be borne by the
owner. |
|
|
|
|
If
a pump is installed, who has to bear the cost of maintenance and operation
owner or tenant? |
|
|
|
|
|
Who
has to bear the cost of electricity charges for lighting of common space like entrance hall, stairs, passage,
compound, etc, owner or tenant? |
|
|
|
|
|
What
is the amount of property tax? Who is the bear it? |
|
|
|
|
|
Is
the building insured? if, so, give the policy No,
amount for which it is insured and the Annual Premium |
|
|
|
|
|
Give
Instance of sales of immovable property in the locality on the separated
sheet, indicating the name and address of the property, registration No.,
sale price and area of land sold |
Adopting
the 'Comparable Sale Method' of valuation and based on Information gathered
and survey done, the fair market rates are found to be varying anything
around Rs.20,000/- per sqft on super
built up area basis. |
|
|
|
|
Year
of commencement of construction and year of completion |
1995
- 96 or thereabout. |
|
|
|
|
What
was the method of construction by Contract/
by employing labour directly/ both? |
The
builder had constructed the said building and pad sold the premises to
prospective buyers. |
|
|
|
|
For
items of work done on contract, produce copies of agreements |
|
|
|
|
|
For
items of work done by engaging labour directly, give basic rates of materials
and labour supported documentary
proof |
|
|
416 SQ.FT. X
RS.20,000/- PER SQ.FTS. = RS.8.320 MILLIONS |
|
|
TECHNICAL
DETAILS |
|
|
No.
of floors and height of each floor. |
G
+3 storied buildings, |
|
|
|
|
Plinth
area floor wise. (As
per IS : 3861 - 1966 ) |
Valuation
for Unit Carpet
area = 308 sqfts Super
built up area = 416 sqfts or thereabout |
|
|
|
|
Year
of construction. |
1995
- 96 or thereabout. |
|
|
|
|
Estimated
future life. |
35
years (after completion) or thereabout. (with
proper maintenance and care) |
|
|
|
|
Type
of construction. (Load
- bearing walls / R.C,C. frame / Steel frame structure ) |
R.C.C.
framed structure |
|
|
|
|
Type
of foundations. |
RCC
Foundation. |
|
|
|
|
Walls |
|
|
a)
Basement & Plinth |
230
mm thick burnt brick masonry walls in |
|
b)
Ground Floor |
Cement Mortar |
|
c)
Superstructure above ground floor |
-- |
|
|
|
|
Partitions. |
115mm
thick burnt brick masonry walls in cement mortar. |
|
|
|
|
Doors
& Windows (Floor wise) |
MS
rolling shuttered. |
|
|
|
|
Flooring
(Floor wise) |
|
|
a) Ground Floor |
-- |
|
b) Second Floor |
Kota Stone Flooring |
|
|
|
|
Finishing (Floor Wise) |
|
|
a) Ground Floor |
-- |
|
b) 1st Floor |
-- |
|
c) 2nd Floor |
Plastered
and distempered, |
|
|
|
|
Roofing and Terracing |
RCC slab Roofing |
|
|
|
|
Special architectural or decorative feature,
if any |
NA |
|
|
|
|
Internal Wiring – Surface Conduit |
Concealed Wiring |
|
Class of Fitting Superior / Ordinary Poor |
Medium |
|
|
|
|
Sanitary Installations |
|
|
No of Water Closets No of Lavatory Basins No of Urinals No of Sinks No of Bath Tubs No of Bidets No of Geysers |
Communication type of sanitary systems |
|
Class of Fittings |
Ordinary |
|
|
|
|
Compound Wall |
|
|
A] Height and Length |
About 5’0” all around |
|
B] Type of Construction |
BB Masonry Walls |
|
|
|
|
No of lifts and Capacity |
Yes, 2 Nos. lifts |
|
|
|
|
Underground pump capacity and type of
construction |
RCC underground water tanks |
|
|
|
|
Overhead Tank |
RCC overhead water tank at terrace |
|
|
|
|
Pumps no their HP |
As per Requirement |
|
|
|
|
Road and Paving with in the compound, approximate
are and type of paving |
RCC Paved Compound |
|
|
|
|
Sewage disposal, whether connected to public
sewers |
Connected to septic tank and soakage pit |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT OF IMMOVABLE PROPERTY
|
Purpose
for Which Valuation is made |
For
assessment of fair market value of the Property for bank purpose |
|
|
|
|
Date
as on Which Valuation is made |
13/05/2014 |
|
|
|
|
Name
on the
Purchaser |
Mr. Mohan Bhaskar Sawant and Mrs. Supriya Mohan Sawant |
|
|
|
|
If
the Property is under joint ownership/ co ownership, share Of each such
owner. Are the shares undivided? |
Joint Ownership, 50% share of each owner. |
|
|
|
|
Brief
description of Property |
Flat
No.301, Third Floor, D Wing, Patidar Complex Co-Op, Housing Society Limited,
(proposed)., Opp Vikhroli Police Station, Kannamwar Nagar, Vikhroli (East),
Mumbai – 400083, Maharashtra, India |
|
|
|
|
Boundaries |
North: Road South:
Kamagar Kalyan Kandra East:
Open Plot/ Vikas High School West:
Road Latitude: 190
07'06.61"N Longitude: 720 56'17.01"E |
|
|
|
|
Location, Street, Ward No.
/ Survey/ Ploy No. |
Plot
No.09, CTS No.356 (Pt), Kannamwar Nagar, Vikhroli (East) |
|
|
|
|
Is
the property situated in Residential/ Commercial/ Mixed Area/ Industrial
Area? |
Residential
Area. |
|
|
|
|
Classification
of locality- High Class/ Middle Class/ Poor Class |
Middle Class |
|
|
|
|
Proximity
to civic amenities, like schools, Hospitals, office, markets, cinemas, etc. |
Available
within 1 - 2 kms. |
|
Means
and Proximity to surface communication by which the locality is served |
Nearest
Railway station is Vikhroli (C. Rly.) Best buses, rickshws as
well as taxis are easily available from the station near to/up to the
particulars locality. The site is well connected by roads. |
|
|
|
|
LAND |
|
|
Area
of land supported by documentary proof, shape, dimensions and physical
feature |
Valuation
for Flat Built
up area = 448.80 sq. fts. |
|
|
|
|
Does
the land fall in an area included in any: Town Planning Scheme or any
Development Plan of Government or any statutory body? if so, give Particulars |
Within
the Jurisdiction of MCGM. |
|
|
|
|
IMPROVEMENTS |
|
|
Attach
Plans and elevations of all structures standing on the land and a lay-out plan |
Owner
may attach on demand if required. |
|
|
|
|
Is
the building owner Occupied / tenanted/ both? |
Owner
occupied. |
|
|
|
|
If
Partly owner- occupied, specify portion: and
extent of area under owner- occupation |
Full |
|
|
|
|
What
is the Floor Space Index Permissible and percentage actually utilized? |
As
permissible by MCGM rules and regulation. |
|
|
|
|
RENTS |
|
|
|
|
|
Give
details of water and electricity charges, if any, to be borne by the owner |
These Charges are to be borne by the owner |
|
|
|
|
If
a lift is installed, who is to bear the cost of maintenance and operation -
owner or tenant? |
These
charges are to be borne by the
owner. |
|
|
|
|
If
a pump is installed, who has to bear the cost of maintenance and operation
owner or tenant? |
|
|
|
|
|
Who
has to bear the cost of electricity charges for lighting of common space like entrance hall, stairs, passage,
compound, etc, owner or tenant? |
|
|
|
|
|
What
is the amount of property tax? Who is the bear it? |
|
|
|
|
|
Is
the building insured? if, so, give the policy No,
amount for which it is insured and the Annual Premium |
|
|
|
|
|
Give
Instance of sales of immovable property in the locality on the separated
sheet, indicating the name and address of the property, registration No.,
sale price and area of land sold |
Adopting
the 'Comparable Sale Method' of valuation and based on Information gathered
and survey done, the fair market rates are found to be varying anything
around Rs.20,000/- per sq.ft. on super
built up area for similar type of premises. |
|
|
|
|
COST OF CONSTRUCTION |
|
|
|
|
|
Year
of commencement of construction and year of completion |
2005
or thereabout. |
|
|
|
|
What
was the method of construction by Contract/
by employing labour directly/ both? |
The
builder had constructed the said building and pad sold the premises to prospective
buyers. |
|
|
|
|
For
items of work done on contract, produce copies of agreements |
|
|
|
|
|
For
items of work done by engaging labour directly, give basic rates of materials
and labour supported documentary
proof |
|
|
448.80 SQ.FTS. X
RS.20,000/- PER SQ.FTS. = RS.8.976 MILLIONS |
|
|
TECHNICAL
DETAILS |
|
|
No.
of floors and height of each floor. |
S
+ 7 Floors |
|
|
|
|
Plinth
area floor wise. (As
per IS : 3861 - 1966 ) |
Built
up area = 448.80 sq. fts. or thereabout |
|
|
|
|
Year
of construction. |
2005
or thereabout. |
|
|
|
|
Estimated
future life. |
45
years or thereabout. (with
proper maintenance and care) |
|
|
|
|
Type
of construction. (Load
- bearing walls / R.C,C. frame / Steel frame structure ) |
R.C.C.
framed structure |
|
|
|
|
Type
of foundations. |
RCC
Foundation. |
|
|
|
|
Walls |
|
|
a)
Basement & Plinth |
230
mm thick burnt brick masonry walls in |
|
b)
Ground Floor |
Cement Mortar |
|
c)
Superstructure above ground floor |
-- |
|
|
|
|
Partitions. |
115mm
thick burnt brick masonry walls in cement mortar. |
|
|
|
|
Doors
& Windows (Floor wise) |
Wooden
Doors, Alumium framed glazed sliding windows. |
|
|
|
|
Flooring
(Floor wise) |
|
|
a) Ground Floor |
-- |
|
b) Second Floor |
Vitrified Tiles Flooring |
|
|
|
|
Finishing (Floor Wise) |
|
|
a) Ground Floor |
-- |
|
b) 1st Floor |
-- |
|
c) 2nd Floor |
Plastered
and distempered |
|
|
|
|
Roofing and Terracing |
RCC Slab Roofing |
|
|
|
|
Special architectural or decorative feature,
if any |
NA |
|
|
|
|
Internal Wiring – Surface Conduit |
Concealed Wiring |
|
Class of Fitting Superior / Ordinary Poor |
Medium |
|
|
|
|
Sanitary Installations |
|
|
No of Water Closets No of Lavatory Basins No of Urinals No of Sinks No of Bath Tubs No of Bidets No of Geysers |
1 1 -- 1 -- -- 1 |
|
|
|
|
Class of Fittings |
Ordinary |
|
|
|
|
Compound Wall |
|
|
A] Height and Length |
About 5’0” all around |
|
B] Type of Construction |
BB Masonry Walls |
|
|
|
|
No of lifts and Capacity |
Yes, 1 Nos. Lifts |
|
|
|
|
Underground pump capacity and type of
construction |
RCC underground water tanks |
|
|
|
|
Overhead Tank |
RCC Overhead water tank at terrace |
|
|
|
|
Pumps no their HP |
As per Requirement |
|
|
|
|
Road and Paving with in the compound, approximate
are and type of paving |
Paved Compound |
|
|
|
|
Sewage disposal, whether connected to public
sewers |
Connected to Municipal Sewerage
Systems. |
------------------------------------------------------------------------------------------------------------------------------
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] 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.60.19 |
|
|
1 |
Rs.102.56 |
|
Euro |
1 |
Rs.81.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIT |
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.