MIRA
INFORM REPORT
|
Report Date : |
19.03.2014 |
Note: Given address could not be confirmed
IDENTIFICATION DETAILS
|
Name : |
OSWAL MINERALS
LIMITED |
|
|
|
|
Registered
Office : |
8/11, Police
Station Road, Pallavaram, Chennai – 600043, Tamilnadu, India |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
04.07.1996 |
|
|
|
|
Com. Reg. No.: |
18-035973 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.76.025
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L30006TN1996PLC035973 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRO01140G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCM6499G |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Extracting and trading in different types of minerals and
ores. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 600000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Management of the company has filed its latest financials (i.e 2013)
but the same could not be made available from the government department. As per available financials of (2012), the profit margin of the
company seems low. However, trade relations are reported as fair. Business is active.
Payment terms are slow but correct. The company can be considered for business dealing with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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
State-run banks hired nearly
300000 personnel including more than 94000 officers in the last four years,
according to the Indian Banks Association. A study by trade lobby Assocham in
September 2013 indicated that banks would need 800000 people in the next six
years. It estimated that state-run lenders alone would hire 50000 people in
2013/14.
The Competition Commission of
India plans to issue final orders within a broad time-frame of one year in
matters where it decides to carry out detailed investigations. The number of
complaints received by the watchdog which keeps tabs on unfair trade practices
in the marketplace.
The government has detected
custom tax evasion totaling around Rs 37920 mn in 14 states until December.
Maharashtra topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs
8140 mn, Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.
Connaught Place in New Delhi
slipped four notches to become the world’s eighth most expensive office
locations. London’s West End is the world’s most expensive office market.
There are 4.072 mn number of
high value spenders under the scanner of the income tax department. The income
tax department has information that they have made cash deposits announcing to
Rs 1 mn or more in their savings bank accounts in the current financial year.
It plans to check potential evasion before the closing of the financial year on
March 31.
Estimated pharmaceutical sales
in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago.
The life sciences and health care industry is up against challenges such as
quality management, says a recent Deloitte report.
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 DECLINED
MANAGEMENT NON-COOPERATIVE (91-80-23123187)
|
Registered Office : |
8/11, Police
Station Road, Pallavaram, Chennai – 600043, Tamilnadu, India |
|
Tel. No.: |
91-80-22978711 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
No. 6, 2nd
Main Road, Ramachandrapuram, Bangalore – 560021, Karnataka, India |
|
Tel. No.: |
91-80-23123187 / 23123456 / 23123599 / 23124248 / 23123047 / 23128593 |
|
Fax No.: |
91-80-23123114 |
DIRECTORS
As on 30.09.2013
|
Name : |
Ms. Kothari Sapna |
|
Designation : |
Director |
|
Address : |
No. 6, 2nd Main Road, Ramachandrapuram, Bangalore – 560021, Karnataka, India |
|
Date of Birth/Age : |
01.02.1982 |
|
Date of Appointment : |
07.05.2004 |
|
DIN No.: |
00436890 |
|
|
|
|
Name : |
Mr. Sripal Kumar Mohanlal |
|
Designation : |
Director |
|
Address : |
No. 6, 2nd Main Road, Ramachandrapuram, Bangalore – 560021, Karnataka, India |
|
Date of Birth/Age : |
01.07.1965 |
|
Date of Appointment : |
06.02.2004 |
|
DIN No.: |
01000236 |
|
PAN No.: |
ABZPJ7351H |
|
|
|
|
Name : |
Mr. Subhashchand Mohanlal |
|
Designation : |
Director |
|
Address : |
No. 6, 2nd Main Road, Ramachandrapuram, Bangalore – 560021, Karnataka, India |
|
Date of Birth/Age : |
23.01.1976 |
|
Date of Appointment : |
01.04.2013 |
|
DIN No.: |
01088346 |
|
PAN No.: |
ACVPJ3358B |
|
|
|
|
Name : |
Mr. Mohanlal Bharath Kumar Jain |
|
Designation : |
Director |
|
Address : |
No. 6, 2nd Main Road, Ramachandrapuram, Bangalore – 560021, Karnataka, India |
|
Date of Birth/Age : |
07.04.1980 |
|
Date of Appointment : |
27.02.2010 |
|
DIN No.: |
01252633 |
|
PAN No.: |
ACVPJ3358B |
|
|
|
|
Name : |
Mrs. Saritha Devi |
|
Designation : |
Director |
|
Address : |
No. 6, 2nd Main Road, Ramachandrapuram, Bangalore – 560021, Karnataka, India |
|
Date of Birth/Age : |
13.01.1970 |
|
Date of Appointment : |
01.07.2012 |
|
DIN No.: |
01261180 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Kamala Devi Jain |
|
290000 |
|
Uttam Chand Jain |
|
247932 |
|
Mohanlal Subhash Jain |
|
1582800 |
|
Sapana Jain |
|
178000 |
|
Mohanlal Sharath Kumar |
|
276100 |
|
Vimal Kumar Jain |
|
300000 |
|
Seema Jain |
|
292000 |
|
Sripal Kumar Jain |
|
988960 |
|
Sunitha Pyarelal |
|
300000 |
|
Hirachand Mohanlal |
|
999400 |
|
Kapoor Chand |
|
243000 |
|
Lalchand H Gandhi |
|
194700 |
|
Sampathraj h Gandhi |
|
150000 |
|
Info Highway Consultants Private Limited |
|
601500 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
7.93 |
|
Directors or relatives of Directors |
71.68 |
|
Other top fifty shareholders |
20.39 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Extracting and trading in different types of minerals and
ores. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
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Bankers : |
|
||||||||||||
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|
||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
N N Yuvaraj and Associates Chartered Accountants |
|
Address : |
Vision House, # 23, 3rd Floor, Park Road, Off
Queens Road, Bengaluru- 560 051, Karnataka, India |
|
Tel. No.: |
91-80-22869792 / 22862672 |
|
Fax No.: |
91-80-42109272 |
|
E-Mail : |
|
|
PAN No.: |
AAFFN2461B |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8500000 |
Equity Shares |
Rs.10/- each |
Rs.85.000 Millions |
|
|
|
|
|
Issued and Subscribed Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7750000 |
Equity Shares |
Rs.10/- each |
Rs.77.500 Millions |
|
|
|
|
|
Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7750000 |
Equity Shares |
Rs.10/- each |
Rs.77.500 Millions |
|
|
Less Calls in arrears |
|
Rs.1.382
Millions |
|
|
Total |
|
Rs.76.118 Millions |
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8500000 |
Equity Shares |
Rs.10/- each |
Rs.85.000 Millions |
|
|
|
|
|
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7750000 |
Equity Shares |
Rs.10/- each |
Rs.77.500 Millions |
|
|
|
|
|
Subscribed and Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7553273 |
Equity Shares (Fully Paid) |
Rs.10/- each |
Rs.75.533 Millions |
|
|
Equity Shares (Not Fully Paid) |
|
Rs.0.492
Millions |
|
|
Total |
|
Rs.76.025 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
76.025 |
76.025 |
|
(b) Reserves & Surplus |
|
75.873 |
65.482 |
|
(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) |
|
151.898 |
141.507 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.158 |
0.064 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
0.158 |
0.064 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
214.935 |
144.444 |
|
(b) Trade
payables |
|
197.008 |
376.877 |
|
(c) Other
current liabilities |
|
14.581 |
16.690 |
|
(d) Short-term
provisions |
|
5.003 |
4.139 |
|
Total Current
Liabilities (4) |
|
431.527 |
542.150 |
|
|
|
|
|
|
TOTAL |
|
583.583 |
683.721 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
8.737 |
3.637 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(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 |
|
8.119 |
7.326 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
16.856 |
10.963 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
51.593 |
30.485 |
|
(c) Trade
receivables |
|
407.740 |
553.520 |
|
(d) Cash
and cash equivalents |
|
0.683 |
12.550 |
|
(e)
Short-term loans and advances |
|
106.711 |
76.203 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
566.727 |
672.758 |
|
|
|
|
|
|
TOTAL |
|
583.583 |
683.721 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
76.025 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
57.675 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
133.700 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
42.464 |
|
|
2] Unsecured Loans |
|
|
38.927 |
|
|
TOTAL BORROWING |
|
|
81.391 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
215.091 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2.110 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.015 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
11.425 |
|
|
Sundry Debtors |
|
|
340.295 |
|
|
Cash & Bank Balances |
|
|
35.212 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
11.812 |
|
Total
Current Assets |
|
|
398.744 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
170.092 |
|
|
Other Current Liabilities |
|
|
13.290 |
|
|
Provisions |
|
|
2.396 |
|
Total
Current Liabilities |
|
|
185.778 |
|
|
Net Current Assets |
|
|
212.966 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
215.091 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3160.036 |
2924.742 |
2140.424 |
|
|
|
Other Income |
9.280 |
2.231 |
1.512 |
|
|
|
TOTAL (A) |
3169.316 |
2926.973 |
2141.936 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
3081.820 |
|
|
|
|
|
Employees benefits expense |
6.262 |
5.827 |
2131.141 |
|
|
|
Other expenses |
60.632 |
40.320 |
|
|
|
|
TOTAL (B) |
3148.714 |
2910.203 |
2131.141 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
20.602 |
16.770 |
10.795 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.140 |
4.071 |
2.625 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
16.462 |
12.699 |
8.170 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.973 |
0.674 |
0.562 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
15.489 |
12.025 |
7.608 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5.098 |
4.218 |
2.389 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
10.391 |
7.807 |
5.219 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.34 |
1.01 |
0.67 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total
Income |
(%) |
0.33 |
0.27 |
0.24 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.49 |
0.41 |
0.36 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.65 |
1.76 |
1.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.08 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.41 |
1.02 |
0.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.31 |
1.24 |
2.15 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
76.025 |
76.025 |
|
Reserves & Surplus |
65.482 |
75.730 |
|
Net
worth |
141.507 |
151.755 |
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
|
Short term borrowings |
144.444 |
214.935 |
|
Total
borrowings |
144.444 |
214.935 |
|
Debt/Equity
ratio |
1.021 |
1.416 |
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 |
2140.424 |
2924.742 |
3160.036 |
|
|
|
36.643 |
8.045 |
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 |
2140.424 |
2924.742 |
3160.036 |
|
Profit |
5.219 |
7.807 |
10.391 |
|
|
0.24% |
0.27% |
0.33% |
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 |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
BUSINESS PERFORMANCE:
During the year the Company has achieved a turnover of Rs. 3160.036 Millions as against Rs. 2924.742 Millions during the corresponding period of the last year. The Company has made a profit of Rs.10.391 Millions after tax as compared to previous year Rs.7.807 Millions, in spite of Global Recession the company has achieved a good turnover and assure you that the same trend would be continued for years to come.
BUSINESS OUTLOOK AND
OPERATING ENVIRONMENT:
The Company is in a new business line i.e. of extracting and trading in different types of minerals and ores. The Company is in its Fourteenth year of operation and has achieved a turnover of Rs. 3160.036 Millions and the climate is bright enough for improving the business activities and reaching the goal by proper strategic planning. The Company’s directors are already working in that direction.
UNSECURED LOAN
Rs. In Millions
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Short-term
borrowings |
|
|
|
Working capital loans from banks |
200.143 |
69.674 |
|
Loans and advances from related parties |
14.792 |
0.000 |
|
Total |
214.935 |
69.674 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10469083 |
23/12/2013 |
120,000,000.00 |
THE RATNAKAR BANK LIMITED |
SHAHUPURI,KOLHAPUR, VYPARI PETH, KOLHAPUR, MAHARASHTRA - 416001, INDIA |
B93093854 |
|
2 |
10368306 |
27/06/2012 |
120,000,000.00 |
CITI BANK N.A. |
506-507, LEVEL 5, PRESTIGE MERIDIAN 2, NO.30, M. G. ROAD, BANGALORE, KARNATAKA - 560001, INDIA |
B44800753 |
|
3 |
10240420 |
18/08/2010 |
235,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227, D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
A95230470 |
|
4 |
10039457 |
25/09/2006 |
12,000,000.00 |
STATE BANK OF INDIA |
COMMERICAL BRANCH, RAJAJINAGAR INDUSTRIAL ESTATE, |
A06432272 |
* Date of charge modification
FIXED ASSETS
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- 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 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.60.95 |
|
|
1 |
Rs.101.37 |
|
Euro |
1 |
Rs.84.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.