1. Summary Information
|
Country |
India |
||
|
Company Name |
PARIKH MARKETING PRIVATE LIMITED |
Principal Name 1 |
Mr. Amit Desai |
|
Status |
Moderate |
Principal Name 2 |
Mr. Tribhuwan Prasad Singh |
|
Registration # |
013112 |
||
|
Street Address |
Sushnilewa,
Opposite Airport, Barwadda Road, Dhanbad – 826004, Jharkhand |
||
|
Established Date |
31.03.2008 |
SIC Code |
- |
|
Telephone# |
Not Available |
Business Style 1 |
Trading |
|
Fax # |
Not Available |
Business Style 2 |
- |
|
Homepage |
Not Available |
Product Name 1 |
Electronic Appliances |
|
# of employees |
Not Available |
Product Name 2 |
Watches |
|
Paid up capital |
Rs. 2,490,500/- |
Product Name 3 |
DTH installation |
|
Shareholders |
Directors
or relatives of directors 99.80%,
Other top fifty shareholders 0.20% |
Banking |
State Bank of India |
|
Public Limited Corp. |
NO |
Business Period |
6 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 |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
100,026,000 |
Current Liabilities |
36,945,000 |
|
Inventories |
53,932,000 |
Long-term Liabilities |
88,825,000 |
|
Fixed Assets |
4,813,000 |
Other Liabilities |
166,000 |
|
Deferred Assets |
74,000 |
Total Liabilities |
125,936,000 |
|
Invest& other Assets |
1,875,000 |
Retained Earnings |
32,293,000 |
|
|
|
Net Worth |
34,784,000 |
|
Total Assets |
160,720,000 |
Total Liab. & Equity |
160,720,000 |
|
Total Assets (Previous Year) |
145,348,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
582,521,000 |
Net Profit |
3,045,000 |
|
Sales(Previous yr) |
531,703,000 |
Net Profit
(Prev.yr) |
193,000 |
MIRA INFORM REPORT
|
Report Date : |
06.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
PARIKH MARKETING PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
Sushnilewa,
Opposite Airport, Barwadda Road, Dhanbad – 826004, Jharkhand |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
31.03.2008 |
|
|
|
|
Com. Reg. No.: |
013112 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 2.491
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51505JH2008PTC013112 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RCHP01123D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECP6236E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading of Electronic Appliances and Watches, DTH
installation, Activation and Recharge Services. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 139000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Profit margin of the company is low. However, trade relations are reported to be fair. Business is active.
Payment terms are reported to be slow but correct. The company can be considered for business dealings with some
caution. |
NOTES :
Any query related to this report can be made on
e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under
control, said the agency. Ratings firm Crisil has forecast 6 % growth for
2014/15 up from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a one-fourth
share in total jobs created, according to a study by industry lobby group
Assochem, Banks, real estate, automobile and telecommunications sectors are
showing a rise of job creation. $ 805 mn investments by venture capital firms
in India during 2013, registering a drop of about 18 % over the previous year.
The Information Technology and IT-Enabled Services Industry retained its
status as the favourable venture capital investors in 2013. Pakistan has
temporarily banned gold imports for the second time in six months, as it tries
to stem smuggling into India. India’s import duty on gold is 10 % and curbs on
purchases have dried up legal imports into what used to be the world’s biggest
bullion buyers. The World Gold Council puts the amount smuggled into India at
upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed
bank deposits estimated to be about Rs 35000 mn be used for education and
awareness among depositors. According to the plan, deposits that have not
been claimed for at least 10 years will be transferred to the scheme.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Standby line of credit : A4 |
|
Rating Explanation |
Minimal degree of safety it carry very high
credit risk. |
|
Date |
December 2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Cash Credit : B+ |
|
Rating Explanation |
High risk of default. |
|
Date |
December 2012 |
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.
LOCATIONS
|
Registered
Office : |
Sushnilewa,
Opposite Airport, Barwadda Road, Dhanbad – 826004, Jharkhand, India |
|
Tel. |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail: |
|
|
|
|
|
Godown : |
Jharia Road,
Dhansar, Near Dhansar Police Station, Dhanbad – 828106, Jharkhand, India |
|
|
91-326-2291543 |
|
Fax No.: |
91-326-2291546 |
|
E-Mail: |
|
|
|
|
|
Branch Offices : |
Located at: 1) 6 and 7, Industry House, Bank More, Dhanbad - 826001, Jharkhand, India 2) City Centre, Near Combined building, Luby Circular Raod, Dhanbad - 826001, Jharkhand, India 3)
South Samaj Street, Tharphakna, Ranchi -
834001, Jharkhand, India |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Amit Desai |
|
Designation : |
Director |
|
Address : |
Flat No. 302, Ganga Apartment, Shanti Bhwan Bank More, Dhanbad –
826001, Jharkhand, India |
|
Date of Birth/Age : |
02.06.1969 |
|
Date of Appointment : |
31.03.2008 |
|
PAN No.: |
ACIPD9273E |
|
DIN No.: |
02069233 |
|
|
|
|
Name : |
Mr. Tribhuwan Prasad Singh |
|
Designation : |
Director |
|
Address : |
House No.14,
Jyoti Sadan, Grewal Colony, Bekarbandh, Dhanbad – 826001, Jharkhand, India
|
|
Date of Birth/Age : |
03.03.1965 |
|
Date of Appointment : |
31.03.2008 |
|
PAN No.: |
AIBPS1268H |
|
DIN No.: |
02069217 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Amit Desai |
|
94625 |
|
Tribhuwan Prasad
Singh |
|
75875 |
|
Jasumati Desai |
|
8050 |
|
Mahendra Kr. Desai (HUF) |
|
9750 |
|
Amit Desai (HUF) |
|
18250 |
|
Gajendra Singh |
|
250 |
|
Raj Kumar Singh |
|
250 |
|
Rameshwar Pd. Singh (HUF) |
|
250 |
|
Tribhuwan Prasad
Singh (HUF) |
|
13250 |
|
Rameshwar Prasad
Singh |
|
19000 |
|
Meena Singh |
|
4750 |
|
Tejal Desai |
|
4750 |
|
|
|
|
|
Total |
|
249050 |
AS ON 30.09.2013
|
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 : |
Trading of Electronic Appliances and Watches, DTH
installation, Activation and Recharge Services. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
· State Bank of India SME Branch, Goodwill Properties, Bank More, Dhanbad - 826001,
Jharkhand, India · Canara Bank Govindpur Branch, Dhanbad - 828109, Jharkhand, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R J Matalia And Company Chartered Accountants |
|
Address : |
Shakti Colony, Jora Phatak Road, Dhanbad – 826001, Jharkhand, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AEUPM2182H |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250,000 |
Equity Shares |
Rs. 10/- each |
Rs. 2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
249,050 |
Equity Shares |
Rs. 10/- each |
Rs. 2.491
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 |
2.491 |
2.491 |
1.791 |
|
(b) Reserves & Surplus |
32.293 |
29.248 |
17.155 |
|
(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) |
34.784 |
31.739 |
18.946 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
6.237 |
4.947 |
10.191 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
0.780 |
0.780 |
0.280 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
7.017 |
5.727 |
10.471 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
82.588 |
87.622 |
78.722 |
|
(b)
Trade payables |
31.110 |
25.203 |
29.464 |
|
(c)
Other current liabilities |
5.055 |
2.787 |
3.844 |
|
(d)
Short-term provisions |
0.166 |
0.096 |
0.079 |
|
Total
Current Liabilities (4) |
118.919 |
115.708 |
112.109 |
|
|
|
|
|
|
TOTAL |
160.720 |
153.174 |
141.526 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
4.813 |
1.513 |
1.723 |
|
(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 |
5.000 |
2.500 |
|
(c) Deferred tax assets
(net) |
0.074 |
0.024 |
0.000 |
|
(d) Long-term Loan
and Advances |
3.578 |
1.084 |
1.732 |
|
(e)
Other Non-current assets |
0.000 |
0.205 |
0.087 |
|
Total
Non-Current Assets |
8.465 |
7.826 |
6.042 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
1.875 |
0.000 |
0.000 |
|
(b)
Inventories |
53.932 |
55.268 |
49.740 |
|
(c)
Trade receivables |
88.678 |
75.553 |
76.683 |
|
(d)
Cash and cash equivalents |
3.579 |
4.972 |
4.557 |
|
(e)
Short-term loans and advances |
0.619 |
3.535 |
2.130 |
|
(f)
Other current assets |
3.572 |
6.020 |
2.374 |
|
Total
Current Assets |
152.255 |
145.348 |
135.484 |
|
|
|
|
|
|
TOTAL |
160.720 |
153.174 |
141.526 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
582.521 |
531.703 |
555.742 |
|
|
|
Other Income |
0.535 |
0.448 |
0.241 |
|
|
|
TOTAL (A) |
583.056 |
532.151 |
555.983 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of traded goods |
540.255 |
505.047 |
535.702 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
1.336 |
(5.528) |
(17.864) |
|
|
|
Employee benefits expense |
6.660 |
5.516 |
4.638 |
|
|
|
Other expenses |
17.679 |
16.185 |
19.869 |
|
|
|
Extraordinary items |
0.000 |
(1.357) |
0.000 |
|
|
|
TOTAL (B) |
565.930 |
519.863 |
542.345 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
17.126 |
12.288 |
13.638 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
11.964 |
11.409 |
9.118 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5.162 |
0.879 |
4.520 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.820 |
0.508 |
0.511 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
4.342 |
0.371 |
4.009 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.297 |
0.178 |
1.313 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3.045 |
0.193 |
2.696 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
12.23 |
0.78 |
30.04 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.52
|
0.04 |
0.48 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.75
|
0.07 |
0.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.70
|
0.25 |
2.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.01 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.55
|
2.92 |
4.69 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28
|
1.26 |
1.21 |
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 |
1.791 |
2.491 |
2.491 |
|
Reserves & Surplus |
17.155 |
29.248 |
32.293 |
|
Net
worth |
18.946 |
31.739 |
34.784 |
|
|
|
|
|
|
long-term borrowings |
10.191 |
4.947 |
6.237 |
|
Short term borrowings |
78.722 |
87.622 |
82.588 |
|
Total
borrowings |
88.913 |
92.569 |
88.825 |
|
Debt/Equity
ratio |
4.693 |
2.917 |
2.554 |
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 |
555.742 |
531.703 |
582.521 |
|
|
|
(4.326) |
9.558 |
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 |
555.742 |
531.703 |
582.521 |
|
Profit |
2.696 |
0.193 |
3.045 |
|
|
0.49% |
0.04% |
0.52% |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10413306 |
18/02/2013 |
500,000.00 |
CANARA BANK |
GOVINDPUR BRANCH, DHANBAD - 828109, JHARKHAND, INDIA |
B71294227 |
|
2 |
10216057 |
06/11/2013 * |
102,500,000.00 |
STATE BANK OF INDIA |
SME BRANCH, GOODWILL PROPERTIES, BANK MORE, DHANBAD - 826001, JHARKHAND, INDIA |
B90929621 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
5.973 |
4.947 |
|
SHORT TERM BORROWINGS |
|
|
|
From other parties |
1.024 |
1.689 |
|
|
|
|
|
Total |
6.997 |
6.636 |
CHANGE OF ADDRESS:
The Registered office of the company has been shifted from
Jharia Road, Dhansar, Near Dhansar Police Station, Dhanbad – 828106, Jharkhand,
India to the present address w.e.f.04.05.2012.
CORPORATE INFORMATION
The company is doing wholesale and retail trading business
of electronic appliances and watches, DTH installation, activation and recharge
services. The company has associated with Bajaj Finance Limited Company's
registered office is shifted from Jharia Road, Near Dhansar Police Station,
Dhansar, Dhanbad 828106 to Sushnilewa, Opposite Airport, Barwadda Road, Dhanbad
826004. Company's branches are situated at 6 & 7, Industry House, Bank
More, Dhanbad 826001, Ciry Centre, Near Combined building, Luby Circular Raod,
Dhanbad 826001, and South Samaj Street, Tharphakna, Ranchi 834001. Jharkhand.
BUSINESS
The company is doing wholesale and retail trading business
of Electronic appliances and Watches, DTH installation, activation and recharge
services during the current year.
FIXED ASSETS:
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office equipment
· Leasehold improvements
· Railway sidings
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 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. 61.86 |
|
|
1 |
Rs. 103.06 |
|
Euro |
1 |
Rs. 84.92 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.