MIRA INFORM REPORT
|
Report Date : |
30.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
ROOMSXML SOLUTIONS LIMITED |
|
|
|
|
Registered
Office : |
Nirankar, 1133/5 Fergusson College Road, Opposite Police Grounds,
Pune – 411 016, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
08.01.2010 |
|
|
|
|
Com. Reg. No.: |
11-135291 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.500 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900PN2010PLC135291 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECR6349E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing Software Solutions to Hotel Industry. (Hotel Rooms
Distribution System) |
|
|
|
|
No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established
company having satisfactory track. The company
possesses an acceptable financial profile marked by small networth and
comfortable capital structure characterized by zero debt in its books. Management has
witnessed a significant growth in its sales volume, but has reported a thin
profit margin during FY 13. The ratings also
take into consideration, various recognitions and certifications won by the
subject which further encourages the management to move ahead with greater
path breaking ideas. Trade relations
are fair. Business is active. Payment terms are reported as usually correct. In view of vast
geographical presence and promoters experience, the subject can be considered
for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
NEWS
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 with 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 |
CRISIL |
|
Rating |
SE 2C |
|
Rating Explanation |
High performance capability and low financial strength. |
|
Date |
June 21, 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. Anuj Prakash Bang |
|
Designation : |
Director |
|
Contact No.: |
91-9823066046 |
|
Date : |
27.06.2014 |
LOCATIONS
|
Registered Office : |
Nirankar, 1133/5 Fergusson College Road, Opposite Police
Grounds, Pune – 411 016, Maharashtra, India |
|
Tel. No.: |
91-20-65004942/ 25662021 |
|
Mobile No.: |
91-9823066046 (Mr. Anuj Prakash Bang) |
|
Fax No. : |
91-20-25662024/ 25662021 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Overseas Office
: |
Located at: · Australia · Saudi Arabia · United States · Ukraine · Libya |
DIRECTORS
AS ON 10.09.2013
|
Name : |
Mr. Prakash Ramchandra Bang |
|
Designation : |
Managing Director |
|
Address : |
459, Sindh Housing Society, Aundh, Pune – 411 007, Maharashtra, India |
|
Date of Birth/Age : |
02.10.1956 |
|
Qualification: |
Degree
in Business Administration |
|
Date of Appointment : |
01.04.2012 |
|
PAN No.: |
AARPB9078N |
|
DIN No.: |
00088837 |
|
|
|
|
Name : |
Mr. Ruchir Prakash Bang |
|
Designation : |
Whole-time Director |
|
Address : |
459, Sindh Housing Society, Aundh, Pune – 411 007, Maharashtra, India |
|
Date of Birth/Age : |
27.08.1981 |
|
Qualification: |
Bachelor
of Commerce |
|
Date of Appointment : |
01.04.2010 |
|
PAN No.: |
AFAPB6829F |
|
DIN No.: |
00088900 |
|
|
|
|
Name : |
Mr. Rajesh Chandrakant Vaishnav |
|
Designation : |
Director |
|
Address : |
B/101, Precious Gems Society, Koregaon Park, Pune – 411 011, Maharashtra,
India |
|
Date of Birth/Age : |
27.12.1956 |
|
Qualification: |
B Com, PGDMM |
|
Date of Appointment : |
01.04.2010 |
|
PAN No.: |
ABQPV7097K |
|
DIN No.: |
00119614 |
|
|
|
|
Name : |
Mr. Vivek Vishwanath Malpani |
|
Designation : |
Director |
|
Address : |
39, Vascon Paradise, Off Banner Road, Pune – 411 007, Maharashtra,
India |
|
Date of Birth/Age : |
13.10.1958 |
|
Qualification: |
MSC, MBA |
|
Date of Appointment : |
01.04.2010 |
|
DIN No.: |
00973701 |
|
|
|
|
Name : |
Ms. Manjula Vivek Malpani |
|
Designation : |
Director |
|
Address : |
39, Vascon Paradise, Banner Road, Pune – 411 007, Maharashtra, India |
|
Date of Birth/Age : |
03.10.1961 |
|
Qualification: |
Tech Diploma |
|
Date of Appointment : |
01.04.2010 |
|
DIN No.: |
01693710 |
|
|
|
|
Name : |
Mr. Anuj Prakash Bang |
|
Designation : |
Whole-time Director |
|
Address : |
459, Sindh Housing Society, Aundh, Pune – 411 007, Maharashtra, India |
|
Date of Birth/Age : |
02.09.1988 |
|
Qualification: |
Bachelor
of Commerce, PGDMM |
|
Date of Appointment : |
01.04.2010 |
|
PAN No.: |
ANWPB5792M |
|
DIN No.: |
02868129 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 10.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Prakash Ramchandra Bang |
|
25000 |
|
Ruchir Prakash Bang |
|
12300 |
|
Anuj Prakash Bang |
|
12300 |
|
Vrunda Prakash Bang |
|
100 |
|
Nupur Ruchir Bang |
|
100 |
|
Rajesh Chandrakant Vaishnav |
|
100 |
|
Ujwal Rambilas Lahoti |
|
100 |
|
Total
|
|
50000 |
AS ON 10.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
99.80 |
|
Other
top fifty shareholders |
|
0.20 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Software Solutions to Hotel Industry. (Hotel Rooms
Distribution System) |
||||
|
|
|
||||
|
Products/ Services : |
|
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash, Advance Payment and Cheque |
||||
|
|
|
||||
|
Purchasing : |
Cash, Advance Payment and Cheque |
GENERAL INFORMATION
|
No. of Employees : |
40 (Approximately) |
|
|
|
|
Bankers : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V.L. Jain and Company Chartered Accountants |
|
Address : |
4th Floor, Indradhanushya Apartment, Opposite Firodiya
Hostels, BMCC Road, Pune – 411 004, Maharashtra, India |
|
PAN No.: |
AAFFV9791A |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
|
CAPITAL STRUCTURE
AS ON 10.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500
million |
|
|
|
|
|
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500
million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500
million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
0.500 |
0.500 |
|
(b) Reserves & Surplus |
|
5.391 |
0.329 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
5.891 |
0.829 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
2.203 |
1.875 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
Long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
2.203 |
1.875 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
0.000 |
18.500 |
|
(b)
Trade payables |
|
54.150 |
43.564 |
|
(c)
Other current liabilities |
|
59.316 |
21.756 |
|
(d)
Short-term provisions |
|
1.543 |
0.712 |
|
Total
Current Liabilities (4) |
|
115.009 |
84.532 |
|
|
|
|
|
|
TOTAL |
|
123.103 |
87.236 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
1.504 |
0.230 |
|
(ii)
Intangible Assets |
|
18.275 |
20.494 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
0.000 |
0.000 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
19.779 |
20.724 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c)
Trade receivables |
|
34.277 |
41.951 |
|
(d)
Cash and cash equivalents |
|
43.123 |
11.947 |
|
(e)
Short-term loans and advances |
|
25.256 |
12.562 |
|
(f)
Other current assets |
|
0.668 |
0.052 |
|
Total
Current Assets |
|
103.324 |
66.512 |
|
|
|
|
|
|
TOTAL |
|
123.103 |
87.236 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.150 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
0.650 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
21.895 |
|
|
TOTAL BORROWING |
|
|
21.895 |
|
|
DEFERRED TAX LIABILITIES |
|
|
1.194 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
23.739 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
22.870 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
28.360 |
|
|
Cash & Bank Balances |
|
|
2.412 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
6.600 |
|
Total
Current Assets |
|
|
37.372 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
25.471 |
|
|
Other Current Liabilities |
|
|
10.796 |
|
|
Provisions |
|
|
0.306 |
|
Total
Current Liabilities |
|
|
36.573 |
|
|
Net Current Assets |
|
|
0.799 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.070 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
23.739 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue
from operations |
1070.937 |
579.761 |
392.576 |
|
|
|
Other Income |
1.643 |
1.960 |
0.001 |
|
|
|
TOTAL (A) |
1072.580 |
581.721 |
392.577 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employee
benefit expense |
12.091 |
5.268 |
5.179 |
|
|
|
Other
expenses |
1050.937 |
569.420 |
379.928 |
|
|
|
TOTAL (B) |
1063.028 |
574.688 |
385.107 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
9.552 |
7.033 |
7.470 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.019 |
3.163 |
3.087 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
8.533 |
3.870 |
4.383 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.142 |
2.785 |
2.733 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
5.391 |
1.085 |
1.650 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.328 |
0.906 |
1.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
5.063 |
0.179 |
0.150 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
1032.331 |
NA |
389.873 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
101.25 |
3.58 |
3.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.47 |
0.03 |
0.04 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.50 |
0.19 |
0.42 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.38 |
1.24 |
2.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.92 |
1.31 |
2.54 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
22.32 |
33.68 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.90 |
0.79 |
1.02 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2012 |
31.03.2013 |
|
|
|
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
|
0.500 |
0.500 |
|
Reserves & Surplus |
|
0.329 |
5.391 |
|
Share Application money pending allotment |
|
0.000 |
0.000 |
|
Net worth |
|
0.829 |
5.891 |
|
|
|
|
|
|
Long-term borrowings |
|
0.000 |
0.000 |
|
Short term borrowings |
|
18.500 |
0.000 |
|
Total borrowings |
|
18.500 |
0.000 |
|
Debt/Equity ratio |
|
22.316 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from operations |
392.576 |
579.761 |
1,070.937 |
|
|
|
47.681 |
84.720 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from operations |
392.576 |
579.761 |
1,070.937 |
|
Profit |
0.150 |
0.179 |
5.063 |
|
|
0.04% |
0.03% |
0.47% |
LOCAL AGENCY FURTHER INFORMATION
Details of Current Maturities of Long Term
Debt: Not Available
|
Sr. No. |
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
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 |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
|
Unsecured Loans |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
|
|
|
|
SHORT-TERM
BORROWINGS |
|
|
|
Loans and advances from directors |
0.000 |
13.500 |
|
Other loans and advances |
0.000 |
5.000 |
|
Total
|
0.000 |
18.500 |
Note:
No Charges Exist for Company.
OPERATIONS AND FUTURE PROSPECTS:
During the year, the
Company has achieved a turnover of Rs.1072.700 millions from its operations as
compared to Rs.581.700 millions in the last year and has earned net profit
after tax of Rs.2.945 millions as compared to profit of Rs.0.179 million during
the last year.
The
company expects good business and turnover in future.
FIXED ASSETS:
Tangible Assets
· Vehicles
· Office Equipments
· Computer Equipments
Intangible Assets
· Computer Software
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.60.09 |
|
|
1 |
Rs.102.40 |
|
Euro |
1 |
Rs.81.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.