MIRA INFORM REPORT
|
Report Date : |
25.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
SHREE MATAJI GRAPHICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B – 801, Lakshchandi Apartment, Krishnavatika Marg, Gokuldham, Malad (East),
Mumbai – 400097, Maharashtra. |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
26.05.2000 |
|
|
|
|
Com. Reg. No.: |
11-126769 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24200MH2000PTC126769 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS36820A / MUMS34242F |
|
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|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
Trader of Imaging Solution and Printing Material. |
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|
|
No. of Employees
: |
10 (Approximetly) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 27000 |
|
|
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow But Correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track record. Rating reflects moderate financial risk profile due to low
profitability and huge external borrowing. However, Trade relation are fair, Business is active. Payment terms
are slow but correct. The company can be considered for business dealing 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.
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
c
|
Name : |
Mr. Sunil Chaudhri |
|
Designation : |
Director |
|
Contact No.: |
91-9819501126 |
|
Date : |
20.06.2014 |
LOCATIONS
|
Registered Office : |
B – 801, Lakshchandi Apartment,
Krishnavatika Marg, Gokuldham, Malad (East), Mumbai – 400097, Maharashtra,
India |
|
Tel. No.: |
91-22-28414081 |
|
Mobile No.: |
91-9819501126 (Mr. Sunil Chaudhari |
|
Fax No.: |
91-22-28966006 |
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E-Mail : |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Sunil Champalal Chaudhari |
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|
Designation : |
Director |
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|
Address : |
C – 510, Panchvati, Raheja Township, Malad
(West), Mumbai – 400097, Maharashtra, India. |
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Date of Birth/Age : |
28.02.1966 |
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Date of Appointment : |
26.05.2000 |
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DIN No.: |
00864164 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||
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Name : |
Ms. Vandana Sunil Chaudhary |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
C – 510, Panchvati, Raheja Township, Malad
(West), Mumbai – 400097,Maharashtra, India. |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
06.07.1968 |
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Date of Appointment : |
26.05.2000 |
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DIN No.: |
00864191 |
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Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
Name : |
Ms. Neha Sunil Choudhary |
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|
Designation : |
Additional Director |
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|
Address : |
B/801, Lakshachandi Apartment, Krishna Vatika,
Road, Gokuldham, Goregaon (East), Mumbai – 400063, Maharashtra, India. |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
06.07.1992 |
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Date of Appointment : |
01.01.2012 |
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DIN No.: |
05165124 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Sunil Chaudhari |
|
75000 |
|
Vandana Chaudhari |
|
125000 |
|
Neha Sunil Choudhari |
|
150000 |
|
Total
|
|
350000 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Imaging Solution and Printing Material. |
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Products : |
Imaging Solution and Printing Materials |
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Imports : |
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Products : |
Chemical |
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Countries : |
Europe |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
No. of Employees : |
10 (Approximetly) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
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Auditors : |
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|
Name : |
Shah and Kasat Chartered Accountants |
|
Address : |
B/19, Deora Estate, Rani sati Marg, Malad
(East), Mumbai – 400097, Maharashtra, India |
|
Tel. No.: |
91-22-28835624 |
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Mobile No.: |
91-9833605560 |
|
PAN No.: |
AAJFS7472D |
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Sister Concerns |
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CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity |
10/- each |
Rs.5.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
350000 |
Equity |
10/- each |
Rs. 3.500
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 |
3.500 |
1.000 |
1.000 |
|
(b) Reserves &
Surplus |
3.270 |
2.633 |
1.975 |
|
(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) |
6.770 |
3.633 |
2.975 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
28.246 |
19.281 |
18.786 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
28.246 |
19.281 |
18.786 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
28.304 |
26.362 |
28.044 |
|
(c) Other current
liabilities |
2.138 |
2.665 |
2.808 |
|
(d) Short-term provisions |
0.295 |
0.310 |
0.250 |
|
Total Current Liabilities
(4) |
30.737 |
29.337 |
31.102 |
|
|
|
|
|
|
TOTAL |
65.753 |
52.251 |
52.863 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
3.027 |
3.320 |
3.602 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.085 |
0.070 |
0.049 |
|
(d) Long-term Loan and Advances |
0.624 |
0.612 |
0.420 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
3.736 |
4.002 |
4.071 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current investments |
4.244 |
3.831 |
1.423 |
|
(b) Inventories |
4.193 |
8.968 |
3.081 |
|
(c) Trade receivables |
21.102 |
14.604 |
17.051 |
|
(d) Cash and cash
equivalents |
3.562 |
0.822 |
1.756 |
|
(e) Short-term loans and
advances |
28.916 |
20.024 |
25.481 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
62.017 |
48.249 |
48.792 |
|
|
|
|
|
|
TOTAL |
65.753 |
52.251 |
52.863 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
108.000 |
99.097 |
62.094 |
|
|
|
Other Income |
0.025 |
0.175 |
0.016 |
|
|
|
TOTAL (A) |
108.025 |
99.272 |
62.110 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purcheses of Stock In trade |
88.653 |
92.268 |
50.056 |
|
|
|
Changes in inventores of stok in trade |
4.776 |
(5.887) |
3.111 |
|
|
|
Employee benefits expenses |
3.650 |
3.549 |
3.148 |
|
|
|
Other Expenses |
6.315 |
6.996 |
3.824 |
|
|
|
TOTAL (B) |
103.394 |
96.926 |
60.139 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
4.631 |
2.346 |
1.971 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.416 |
1.027 |
0.925 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.215 |
1.319 |
1.046 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.292 |
0.383 |
0.236 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
0.923 |
0.936 |
0.810 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.281 |
0.288 |
0.259 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
0.642 |
0.648 |
0.551 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Commission Earnings |
0.862 |
0.133 |
0.133 |
|
|
TOTAL EARNINGS |
0.862 |
0.133 |
0.133 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
6.43 |
6.48 |
5.52 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.59
|
0.65 |
0.89 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.85
|
0.94 |
1.30 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.41
|
1.79 |
1.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.136
|
0.258 |
0.272 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
8.71
|
13.38 |
16.77 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.02
|
1.64 |
1.57 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
1.000 |
1.000 |
3.500 |
|
Reserves & Surplus |
1.975 |
2.633 |
3.270 |
|
Net worth |
2.975 |
3.633 |
6.770 |
|
|
|
|
|
|
long-term borrowings |
18.786 |
19.281 |
28.246 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
18.786 |
19.281 |
28.246 |
|
Debt/Equity ratio |
6.315 |
5.307 |
4.172 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
62.110 |
99.272 |
108.025 |
|
|
|
59.833 |
8.817 |
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 |
62.110 |
99.272 |
108.025 |
|
Profit |
0.551 |
0.648 |
0.642 |
|
|
0.89% |
0.65% |
0.59% |
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 |
Yes |
|
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 |
Yes |
|
13] |
Reasons
for variation <> 20% |
------------------ |
|
14] |
Estimation
for coming financial year |
Yes |
|
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) |
Yes |
|
21] |
Market
information |
---------------------- |
|
22] |
Litigations
that the firm / promoter involved in |
---------------------- |
|
23] |
Banking
Details |
Yes |
|
24] |
Banking
facility details |
Yes |
|
25] |
Conduct
of the banking account |
---------------------- |
|
26] |
Buyer
visit details |
No |
|
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 |
INDEX CHARGES:
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10418216 |
25/03/2013 |
5,000,000.00 |
The Bharat Co-operative Bank(Mumbai) LTD |
Dahisar (E) branch, Sarita, 1st Floor,Prabhat Indl, Estate, Opp. Toll Plaza, W.E Highway,Dahisar (E), Mumbai, Maharashtra - 400068, INDIA |
B72733587 |
|
2 |
10354194 |
07/04/2012 |
5,000,000.00 |
The Bharat Co-Operative Bank (Mumbai) Limited |
Dahisar (E) branch, Sarita, 1st Floor,Prabhat Indl, Estate, Opp. Toll Plaza, W.E Highway,Dahisar (E), Mumbai, Maharashtra - 400068, INDIA |
B39118310 |
|
3 |
10354123 |
07/04/2012 |
15,000,000.00 |
The Bharat Co-Operative Bank (Mumbai) Limited |
Dahisar (E) branch, Sarita, 1st Floor,Prabhat Indl, Estate, Opp. Toll Plaza, W.E Highway,Dahisar (E), Mumbai, Maharashtra - 400068, INDIA |
B39120944 |
|
4 |
10313786 |
26/05/2014 * |
16,000,000.00 |
The Bharat Co-operative Bank(Mumbai) LTD |
Dahisar (E) branch, Sarita, 1st Floor,Prabhat Indl, Estate, Opp. Toll Plaza, W.E Highway,Dahisar (E), Mumbai, Maharashtra - 400068, INDIA |
C05467006 |
|
5 |
10309658 |
09/08/2011 |
1,500,000.00 |
The Bharat Co-Operative Bank (Mumbai) Limited |
Dahisar (E) branch, Sarita, 1st Floor,Prabhat Indl, Estate, Opp. Toll Plaza, W.E Highway,Dahisar (E), Mumbai, Maharashtra - 400068, INDIA |
B22324792 |
|
6 |
10339287 |
31/05/2011 |
6,000,000.00 |
The Bharat Co-Operative Bank (Mumbai) Limited |
Dahisar (E) branch, Sarita, 1st Floor,Prabhat Indl, Estate, Opp. Toll Plaza, W.E Highway,Dahisar (E), Mumbai, Maharashtra - 400068, INDIA |
B22325146 |
|
7 |
10123783 |
07/04/2012 * |
5,000,000.00 |
The Bharat Co-Operative Bank (Mumbai) Limited |
Dahisar (E) branch, Sarita, 1st Floor,Prabhat Indl, Estate, Opp. Toll Plaza, W.E Highway,Dahisar (E), Mumbai, Maharashtra - 400068, INDIA |
B39116959 |
|
8 |
10063864 |
26/05/2014 * |
43,109,629.00 |
The Bharat Co-operative Bank(Mumbai) LTD |
Dahisar (E) branch, Sarita, 1st Floor,Prabhat Indl, Estate, Opp. Toll Plaza, W.E Highway,Dahisar (E), Mumbai, Maharashtra - 400068, INDIA |
C05466156 |
|
9 |
90148128 |
07/01/2003 |
1,000,000.00 |
THE BHARAT CO-OPERATIVE BANK LIMITED |
DAHISAR BRANCH; 102;
SAGAR PRABHAT INDUSTRIAL ESTA, BEFORE CHECK NAKA WESTERN EXPRESS HIGHWAY;
DAHI |
- |
|
10 |
90147790 |
28/02/2003 * |
500,000.00 |
THE BHARAT CO-OPERATIVE BANK LIMITED |
DAHISAR BRANCH; 102;
SAGAR PRABHAT INDUSTRIAL ESTA, BEFORE CHECK NAKA WESTERN EXPRESS HIGHWAY;
DAHI |
- |
Note:
The Registered Office of the Company has been Shifted C-510 Panchvati –
llRaheja Township, Malad (East), Mumbai – 400097, Maharashtra, India. to the
present address w.e.f. 01.01.2012
FINANCIAL RESULTS:
The Company erened a net profit Rs. 6,42,574/- (Previous year profit of
Rs. 648,398/-) during the year under review. In order to conserve the resources
of the Company, the Diretor do not recommend any diviend during the year under
review.
UNSECURED LOANS:
|
Particular |
31.03.2013 (Rs. in Millions) |
31.03.2012 (Rs. in Millions) |
|
Long Term Borrowing |
|
|
|
From bank |
|
|
|
Bharat Co-op Ltd |
0.000 |
1.300 |
|
Bharat Co-op Ltd
3392/6912 |
0.634 |
0.000 |
|
Bharat Co-op Ltd
3392/6946 |
1.414 |
0.000 |
|
Kotak Mahindra
Bank |
0.483 |
0.793 |
|
Total |
2.531 |
2.093 |
FIXED ASSETS:
- Computer
- Mobile/static
Radio
- Mixer
(Electric Motor)
- Furniture and
Fixures
- Motor Car
- Scooter
- Air Condition
- Fax Machine
- Gala
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. 60.27 |
|
|
1 |
Rs. 82.12 |
|
Euro |
1 |
Rs. 102.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
TRU |
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 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.