MIRA INFORM REPORT
|
Report Date : |
11.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
BAGADIYA BROTHERS PRIVATE LIMITED
|
|
|
|
|
Registered
Office : |
Bagadiya Mansion, Ground Floor, Jawahar Nagar, Raipur – 492001,
Chattisgarh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
28.08.2002 |
|
|
|
|
Com. Reg. No.: |
53-022248 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.56.047 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51101CT2002PTC022248 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB8934G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Iron Ore Fins, Maize, Wheat, etc. |
|
|
|
|
No. of Employees
: |
50 (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 |
|
Maximum Credit Limit : |
USD 7020000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. There appears drastic dip in profit of the company in 2013. However
overall financial position us decent. 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 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.
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 |
Long Term Rating: BBB- |
|
Rating Explanation |
Moderate credit quality and Average credit
risk |
|
Date |
05.08.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating: A3 |
|
Rating Explanation |
Moderate degree of safety and Higher credit risk. |
|
Date |
05.08.2013 |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Manish Agarwal |
|
Designation : |
Account Manager |
|
Contact No.: |
91-771-4041999 |
|
Date : |
07.04.2014 |
LOCATIONS
|
Registered/
Corporate Office : |
Bagadiya Mansion, Ground Floor, Jawahar Nagar, Raipu – 492001,
Chattisgarh, India |
|
Tel. No.: |
91-771-4041999/ 2225932/ 4030434 |
|
Fax No.: |
91-771-2234632 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
402, 4th Floor, Maker Chamber V, Nariman Point, Mumbai –
400021, Maharashtra, India Located at: ·
Joda ·
Kolkata |
|
|
|
|
|
Located at: ·
Dhamra Port ·
·
Vizag Port ·
Kakinada Port
|
DIRECTORS
(AS ON 27.09.2013)
|
Name : |
Mr. Omi Bagadiya |
|
Designation : |
Director |
|
Address : |
H. No. 15/63, Bagadiya Mansion, Jawahar Nagar, Raipur – 492001,
Chattisgarh, India |
|
Date of Birth/Age : |
13.07.1957 |
|
Date of Appointment : |
28.08.2002 |
|
DIN No.: |
00208659 |
|
PAN No.: |
ADEPB7554M |
|
|
|
|
Name : |
Mr. Anurag Agarwal |
|
Designation : |
Director |
|
Address : |
H. No. 15/63, |
|
Date of Birth/Age : |
12.09.1975 |
|
Date of Appointment : |
28.08.2002 |
|
DIN No.: |
00158475 |
|
PAN No.: |
AFHPA6926K |
|
|
|
|
Name : |
Mr. Dipak Raheja |
|
Designation : |
Director |
|
Address : |
H. No. 15/108, Jawahar Nagar, Raipur-492001, |
|
Date of Birth/Age : |
21.10.1980 |
|
Date of Appointment : |
28.08.2002 |
|
DIN No. : |
00804027 |
|
PAN No.: |
AHXPR1047E |
|
|
|
|
Name : |
Mr. Anand Kumar Agrawal |
|
Designation : |
Director |
|
Address : |
383/13, Narmada Para, |
|
Date of Birth/Age : |
23.06.1962 |
|
Date of Appointment : |
04.10.2004 |
|
DIN No. : |
00208667 |
|
PAN No.: |
ACIPA5764ZB |
|
|
|
|
Name : |
Mr. |
|
Designation : |
Director |
|
Address : |
Plot No. 30, Sector-1, Geetanjali Nagar, Raipur-492007, |
|
Date of Birth/Age : |
15.06.1948 |
|
Date of Appointment : |
04.10.2004 |
|
DIN No. : |
00208664 |
|
PAN No.: |
ACJPA4143M |
KEY EXECUTIVES
|
Name : |
Mr. Niraj Shrivastava |
|
Designation : |
Company Secretary |
|
Address : |
C-311, 1st Floor, Rohanipuram, |
|
Date of Birth/Age : |
01.07.1975 |
|
Date of Appointment : |
18.03.2010 |
|
Pan No. : |
CGBPS1019N |
|
|
|
|
Name : |
Mr. Saurab Shukla |
|
Designation : |
Chief Financial Officer |
|
|
|
|
Name : |
Mr. Manish Agarwal |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 27.09.2013)
|
Names of Shareholders |
|
No. of Shares |
|
Omi Bagadiya |
|
999650 |
|
Anand Agrwal |
|
126100 |
|
Om Prakash Agrwal |
|
38100 |
|
Indu Agrwal |
|
100 |
|
Anurag Agrwal |
|
100 |
|
Deepak Raheja |
|
100 |
|
Ritu Agrwal |
|
100 |
|
Pankaj Agrwal |
|
44000 |
|
|
|
30000 |
|
Saroj Agrawal |
|
28000 |
|
Savita Agrwal |
|
16000 |
|
Bharat Food Products and Biscuits Company Private Limited – |
|
100000 |
|
Rameshwar Das Agrwal |
|
112000 |
|
Sanjay Raheja |
|
50000 |
|
Prakash Chand Raheja |
|
134000 |
|
Rajivlochan Oil Extraction Limited – |
|
200000 |
|
Vijayashree Fats and Oil Products Private Limited – |
|
456538 |
|
S.M Consultancy Private Limited – |
|
602538 |
|
Swastika Prints Private Limited – |
|
528495 |
|
Dream Realtors Private Limited – |
|
20000 |
|
Ambe Advisory Private Limited – |
|
1613916 |
|
Nikhil Finco and Properties Private Limited – |
|
225000 |
|
Pongal Tradelink Private Limited – |
|
279913 |
|
|
|
|
|
Total |
|
5604650 |
(AS ON 30.09.2013)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
71.84 |
|
Directors or relatives of directors |
|
28.16 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Iron Ore Fins, Maize, Wheat, etc. |
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Products : |
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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 : |
50 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
· Union Bank of India, Main Branch, Ajit Towers, Ramsagarpara, Raipur-492001, Chattisgarh, India · Dena Bank, Main Branch, Jawahar Nagar, Raipur, Chattisgarh, India · ICICI Bank Limited |
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|
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|
Facilities : |
|
||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institute : |
· SREI Infrastructure Finance Limited Vishwakarama, 86 C, Topsia Road (South), Kolkata – 700046, West
Bengal, India |
|
|
|
|
Auditors : |
|
|
Name : |
Rajendra Prasad Chartered Accountants |
|
Address : |
201-204, Eskay Plazal, Moudhapara, Raipur-492001, |
|
Tel. No.: |
91-771-4035802/ 803 |
|
Fax No.: |
91-771-4068801 |
|
E-mail : |
|
|
Pan No. : |
AAGFR7293A |
|
|
|
|
Subsidiary Company : |
·
Bagadiya Brothers ( |
|
|
|
|
Enterprises
which are owned, or have Significant influence of or are partners with Key
management personnel and their relatives : |
· Anand Oil Mill ·
Bhagwati Industries, · Global Mineral Processors ·
Noble Exports, · A. B International · P.D. Rice Udyog · Keshav Farms · Bagadiya and Sons · Noble Tradecon Private Limited · Nikhil Finco and Properties Private Limited · Maa Sarda Holdings Private Limited · Rajeev Oil Extraction Limited · Swastika Prints Private Limited · S M Consultancy Private Limited · Esteemed Developers and Builders Private Limited · Vijayshree Fats and Oil Products Private Limited · Shree Rajiv Lochan Oil Extraction Limited · Bharat Food Products and Biscuits Company Private Limited · Innovative B2B Logistics Solutions Limited |
CAPITAL STRUCTURE
(AS ON 27.09.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5700000 |
Equity Shares |
Rs.10/- each |
Rs.57.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5604650 |
Equity Shares |
Rs.10/- each |
Rs.56.047
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 |
56.047 |
56.047 |
56.047 |
|
(b) Reserves & Surplus |
1698.667 |
1689.296 |
1629.560 |
|
(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) |
1754.714 |
1745.343 |
1685.607 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
9.936 |
17.186 |
22.014 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
1.507 |
1.085 |
0.770 |
|
Total Non-current Liabilities
(3) |
11.443 |
18.271 |
22.784 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
2305.449 |
774.611 |
2370.428 |
|
(b) Trade
payables |
185.387 |
89.020 |
224.982 |
|
(c) Other
current liabilities |
57.293 |
82.633 |
230.390 |
|
(d) Short-term
provisions |
0.175 |
0.111 |
10.225 |
|
Total Current
Liabilities (4) |
2548.304 |
946.375 |
2836.025 |
|
|
|
|
|
|
TOTAL |
4314.461 |
2709.989 |
4544.416 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
298.553 |
366.348 |
429.691 |
|
(ii)
Intangible Assets |
0.053 |
0.061 |
0.064 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
5.286 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
324.909 |
323.909 |
321.409 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
70.947 |
56.809 |
23.934 |
|
(e) Other
Non-current assets |
0.546 |
15.302 |
46.784 |
|
Total Non-Current
Assets |
695.008 |
762.429 |
827.168 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1134.764 |
620.347 |
824.666 |
|
(c) Trade
receivables |
1385.944 |
307.539 |
1637.235 |
|
(d) Cash
and cash equivalents |
432.929 |
307.566 |
225.698 |
|
(e)
Short-term loans and advances |
665.816 |
712.108 |
1029.649 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
3619.453 |
1947.560 |
3717.248 |
|
|
|
|
|
|
TOTAL |
4314.461 |
2709.989 |
4544.416 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
8921.597 |
6091.238 |
11512.191 |
|
|
|
Other Income |
245.734 |
301.493 |
81.701 |
|
|
|
TOTAL (A) |
9167.331 |
6392.731 |
11593.892 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
8930.040 |
6202.128 |
10712.263 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
237.291 |
190.603 |
881.629 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
155.141 |
66.397 |
87.968 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
82.150 |
124.206 |
793.661 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
68.159 |
68.577 |
68.306 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
13.991 |
55.629 |
725.355 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.621 |
(4.107) |
248.769 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
9.370 |
59.736 |
476.586 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1464.689 |
1404.953 |
928.367 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1474.059 |
1464.689 |
1404.953 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
7457.481 |
6364.528 |
11421.567 |
|
|
TOTAL EARNINGS |
7457.481 |
6364.528 |
11421.567 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.67 |
10.66 |
90.37 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.10
|
0.93 |
4.11 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.16
|
0.91 |
6.30 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.35
|
2.33 |
17.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.03 |
0.43 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.31
|
0.44 |
1.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.42
|
2.06 |
1.31 |
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 |
56.047 |
56.047 |
56.047 |
|
Reserves & Surplus |
1,629.560 |
1,689.296 |
1,698.667 |
|
Net
worth |
1,685.607 |
1,745.343 |
1,754.714 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
2,370.428 |
774.611 |
2,305.449 |
|
Total
borrowings |
2,370.428 |
774.611 |
2,305.449 |
|
Debt/Equity
ratio |
1.406 |
0.444 |
1.314 |
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 |
11,512.191 |
6,091.238 |
8,921.597 |
|
|
|
(47.089) |
46.466 |
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 |
11,512.191 |
6,091.238 |
8,921.597 |
|
Profit |
476.586 |
59.736 |
9.370 |
|
|
4.14% |
0.98% |
0.11% |
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 |
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 |
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 |
UNSECURED LOANS
|
Particulars |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions) |
|
|
Short term
Borrowings |
|
|
|
Loans and Advances from directors |
1.374 |
21.945 |
|
Loans and Advances from others |
1.733 |
65.796 |
|
|
|
|
|
Total |
3.107 |
87.741 |
NOTE:
The Registered Office of the company has been shifted from 402, 4th
Floor, Maker Chamber V, Nariman Point, Mumbai – 400021, Maharashtra, India to
the present address w.e.f 20.09.2010.
REVIEW OF
OPERATIONS:
During the year, the company traded Iron Ore Fines, Mill Scale, Maize,
Wheat, Rice, Sugar and Indian Raw Cotton.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10041596 |
12/08/2013 * |
4,350,000,000.00 |
Union Bank of
India |
Main Branch,
Ajit Tower, Ramsagarpara, Raipur, Chhattisgarh - 492001, India |
B83823070 |
* Date of charge modification
FIXED ASSETS:
· Land
·
· Plant and Machinery
· WLS Rakes
· Vehicles
· Tractors
· Computer
· Furniture and Fixtures
· Office Equipments
·
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. 61.20 |
|
|
1 |
Rs. 102.35 |
|
Euro |
1 |
Rs. 84.95 |
INFORMATION DETAILS
|
Information Gathered
by : |
HTL |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
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.