1. Summary Information
|
Country |
|
||
|
Company Name |
MINOX METAL
PRIVATE LIMITED |
Principal Name 1 |
Mr. Jayantilal Lalchand Bhandari |
|
Status |
Moderate |
Principal Name 2 |
Mr. Dheeraj Kumar Lalchand |
|
Registration # |
08-036795 |
||
|
Street Address |
No. 7, P C Lane,
S P Road Cross, Bangalore – 560002, Karnataka |
||
|
Established Date |
19.07.2005 |
SIC Code |
-- |
|
Telephone# |
91-80-22245777 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-80-22217144/22217144 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Metal Products |
|
|
# of employees |
200
(Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.30,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors (100%) |
Banking |
Punjab National
Bank |
|
Public Limited Corp. |
NO |
Business Period |
9 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (29) |
|
Related
Company --- |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
244,977,000 |
Current Liabilities |
217,043,000 |
|
Inventories |
169,871,000 |
Long-term Liabilities |
207,051,000 |
|
Fixed Assets |
47,422,000 |
Other Liabilities |
737,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
424,831,000 |
|
Invest& other Assets |
34,949,000 |
Retained Earnings |
42,388,000 |
|
|
|
Net Worth |
72,388,000 |
|
Total Assets |
497,219,000 |
Total Liab. & Equity |
497,219,000 |
|
Total Assets (Previous Year) |
382,774,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
966,494,000 |
Net Profit |
7,811,000 |
|
Total Income (Previous yr) |
996,885,000 |
Net Profit(Prev.yr) |
20,604,000 |
MIRA INFORM REPORT
|
Report Date : |
28.06.2014 |
|
|
|
IDENTIFICATION DETAILS
|
Name : |
MINOX METAL PRIVATE LIMITED (w.e.f. 08.05.2007) |
|
|
|
|
Formerly Known
As : |
MYSORE METFIN PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 7, P C Lane, S P Road Cross, Bangalore – 560002, Karnataka |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
19.07.2005 |
|
|
|
|
Com. Reg. No.: |
08-036795 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.30.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109KA2005PTC036795 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Metal Products. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 280000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The management has failed to file its financial record with government
department for the year 2013. As per available financial record of 2012, the rating is constrained
on account of company’s moderate financial risk profile and continuous
decline in net profitability of the company over a year. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealings with some
cautions. |
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term fund based limits BB |
|
Rating Explanation |
Inadequate degree of safety and high Credit
Risk. |
|
Date |
July, 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term non – fund based limits A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
July, 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 (GENERAL DETAILS)
|
Name : |
Mr. Jayantilal Bhandari |
|
Designation : |
Director |
|
Contact No.: |
91-80-22213868 |
|
Date : |
29.11.2013 |
LOCATIONS
|
Registered Office / Corporate Office : |
No. 7, P C Lane, S P Road Cross, Bangalore – 560002, Karnataka, India |
|
Tel. No.: |
91-80-22213868 |
|
Fax No.: |
91-80-22217144 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
492/A, Maulana Azad Road, (Duncan Road), Mumbai-400004, Maharashtra,
India |
|
Tel. No.: |
91-22-66595800 / 23851007 |
|
|
|
|
Factory : |
No.27/2 and 27/4 C, Yarandanahalli, Jigani Link Road, Bommasandra
Industrial Area, Bangalore-560099, Karnataka, India |
|
|
|
|
Branch Office : |
Also Located At
|
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Jayantilal Lalchand Bhandari |
|
Designation : |
Director |
|
Address : |
Mangaldeep, Koppikar Road, Hubll Dharwd -580020, Karnataka, India |
|
Date of Birth/Age : |
25.12.1965 |
|
Date of Appointment : |
19.07.2005 |
|
DIN No.: |
01362002 |
|
|
|
|
Name : |
Mr. Dheeraj Kumar Lalchand |
|
Designation : |
Director |
|
Address : |
19, 1st Floor, S B Road, V V Puram, Bangalore - 560004,
Karnataka, India |
|
Date of Birth/Age : |
25.02.1956 |
|
Date of Appointment : |
19.07.2005 |
|
DIN No.: |
01362013 |
|
|
|
|
Name : |
Mr. Prakash Chand |
|
Designation : |
Director |
|
Address : |
14, 1st Floor, |
|
Date of Birth/Age : |
30.12.1969 |
|
Date of Appointment : |
19.07.2005 |
|
DIN No.: |
01362032 |
|
|
|
|
Name : |
Mr. Suresh Bhandari |
|
Designation : |
Director |
|
Address : |
19, 1st Floor, |
|
Date of Birth/Age : |
29.05.1977 |
|
Date of Appointment : |
19.07.2005 |
|
DIN No.: |
01362037 |
|
|
|
|
Name : |
Mr. Vijay Kumar Bhandari |
|
Designation : |
Director |
|
Address : |
19, 1st Floor, |
|
Date of Birth/Age : |
08.11.1968 |
|
Date of Appointment : |
19.07.2005 |
|
DIN No.: |
02582837 |
|
|
|
|
Name : |
Mr. Kailash Bhandari |
|
Designation : |
Director |
|
Address : |
19, 1st Floor, |
|
Date of Birth/Age : |
05.05.1975 |
|
Date of Appointment : |
19.07.2005 |
|
DIN No.: |
02691299 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
%age |
|
Dheeraj Kumar Lalchand |
2760000 |
92.00 |
|
Jayantilal Lalchand Bhandari |
60000 |
2.00 |
|
Vijay Kumar Bhandari |
60000 |
2.00 |
|
Prakash Chand |
60000 |
2.00 |
|
Kailash Bhandari |
30000 |
1.00 |
|
Suresh Bhandari |
30000 |
1.00 |
|
TOTAL
|
3000000 |
100.00 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Metal Products. |
|
|
|
|
Imports : |
|
|
Products : |
Raw Martial |
|
Countries : |
Korea |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
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Customers : |
Retailers and End Users
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
200 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||
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Facilities : |
|
||||||||||||||||||||||||||||||||||||||||||
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
D Kothari and Associates Chartered Accountants |
|
Address : |
4th Floor, Pooja Complex, #5, Santhusapet, Bangalore –
560053, Karnataka, India |
|
Tel No.: |
91-80-22877162 |
|
Mobile No.: |
91-9448293415 |
|
Fax No.: |
91-80-22255086 |
|
PAN No.: |
AIKPK7115N |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
30.000 |
30.000 |
30.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
42.388 |
34.576 |
13.973 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
72.388 |
64.576 |
43.973 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
118.771 |
123.514 |
90.130 |
|
|
2] Unsecured Loans |
88.280 |
70.054 |
58.347 |
|
|
TOTAL BORROWING |
207.051 |
193.568 |
148.477 |
|
|
DEFERRED TAX LIABILITIES |
0.269 |
0.352 |
0.250 |
|
|
|
|
|
|
|
|
TOTAL |
279.708 |
258.496 |
192.700 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
47.422 |
50.084 |
50.181 |
|
|
Capital work-in-progress |
34.789 |
2.029 |
0.542 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.160 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
169.871
|
112.718
|
68.184
|
|
|
Sundry Debtors |
156.410
|
166.940
|
101.776
|
|
|
Cash & Bank Balances |
54.329
|
1.514
|
0.766
|
|
|
Other Current Assets |
3.926
|
0.000
|
0.000
|
|
|
Loans & Advances |
30.312
|
49.424
|
55.095
|
|
Total
Current Assets |
414.848
|
330.596 |
225.821 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
192.352
|
|
|
|
|
Other Current Liabilities |
24.691
|
102.748
|
73.062
|
|
|
Provisions |
0.468
|
21.530
|
10.915
|
|
Total
Current Liabilities |
217.511
|
124.278 |
83.977 |
|
|
Net Current Assets |
197.337
|
206.318
|
141.844
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.065 |
0.133 |
|
|
|
|
|
|
|
|
TOTAL |
279.708 |
258.496 |
192.700 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
996.885 |
|
|
|
|
Other Income |
NA |
|
|
|
|
|
TOTAL |
NA |
996.885 |
637.643 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
965.576 |
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
965.576 |
606.634 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
NA |
31.309 |
31.009 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
10.705 |
7.772 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
7.811 |
20.604 |
23.237 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Quantity Discount |
0.000 |
0.000 |
0.094 |
|
|
|
Export Earnings |
2.051 |
1.012 |
0.000 |
|
|
TOTAL EARNINGS |
2.051 |
1.012 |
0.094 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Material |
535.053 |
554.077 |
301.858 |
|
|
|
Plant & Machinery |
23.747 |
1.122 |
0.323 |
|
|
|
Consumable Stores &
Spares |
8.044 |
7.913 |
5.689 |
|
|
TOTAL IMPORTS |
566.844 |
563.112 |
307.870 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.60 |
6.86 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
2.06
|
3.64
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
8.22
|
11.24
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.48
|
0.71
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.86
|
3.00
|
3.38
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.91
|
2.66
|
2.69
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
30.000 |
30.000 |
30.000 |
|
Reserves & Surplus |
13.973 |
34.576 |
42.388 |
|
Net worth |
43.973 |
64.576 |
72.388 |
|
|
|
|
|
|
Secured Loans |
90.130 |
123.514 |
118.771 |
|
Unsecured Loans |
58.347 |
70.054 |
88.280 |
|
Total borrowings |
148.477 |
193.568 |
207.051 |
|
Debt/Equity ratio |
3.377 |
2.998 |
2.860 |
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 |
637.643 |
996.885 |
966.494 |
|
|
|
56.339 |
(3.049) |
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 |
637.643 |
996.885 |
966.494 |
|
Profit |
23.237 |
20.604 |
7.811 |
|
|
3.64% |
2.07% |
0.81% |
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 |
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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
----- |
|
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 |
NOTE:
The registered address of the company has been shifted from #64, New Timber
Yard Layout, Mysore Road, Bangalore, Karnataka, India has been shifted to the
present address w.e.f. 25.07.2009
UNSECURED LOAN
|
Particulars |
31.03.2012 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
D Kailash Bhandari |
0.808 |
0.414 |
|
D Suresh Bhandari |
5.708 |
4.888 |
|
L Dhiraj Kumar Bhandari |
29.563 |
54.587 |
|
L Jayantilal Bhasndari |
3.985 |
2.711 |
|
L Prakash Bhandari |
0.985 |
1.458 |
|
L Vijay Bhandari |
6.231 |
5.996 |
|
Minox Holdings |
41.000 |
0.000 |
|
|
|
|
|
TOTAL |
88.280 |
70.054 |
|
NOTE: Minox Holdings is a partnership firm in which directors is having
influence |
||
FINANCIAL RESULTS
During the year the Company earned an income of Rs. 966.494 Millions
when compared to Rs. 988.378 Millions during the previous year. The operations
of the company resulted on a Net Profit after tax of Rs. 7.811 Millions when
compared to net profit after tax of Rs. 20.604 Millions during the previous
year.
INDEX CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10008949 |
27/01/2012 * |
600,000,000.00 |
Punjab National Bank |
Bangalore City Branch, 'Vokkaligara Sangha Building, Hudson Circle,
Bangalore, Karnataka - 560002, INDIA |
B32750200 |
* Date of charge modification
FIXED ASSETS
- Furniture
- Computer
- LCD TV
- Weight Scale
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. 60.09 |
|
|
1 |
Rs. 102.40 |
|
Euro |
1 |
Rs. 81.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
0 |
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4ss |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
34 |
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.