Business
information report
1. Summary Information
|
Country |
India |
||
|
Company Name |
GREAT EASTERN APPLIANCES PRIVATE LIMITED |
Principal Name 1 |
Ms. Pooja Baid |
|
Status |
Moderate |
Principal Name 2 |
Mr. Nirmal Kumar Baid |
|
Registration # |
21-086420 |
||
|
Street Address |
Techno City, 15B, Sarat Bose Road, Kolkata-700020, West Bengal |
||
|
Established Date |
28.01.1998 |
SIC Code |
-- |
|
Telephone# |
91-33-22103649 |
Business Style 1 |
Trading |
|
Fax # |
91-33-22420180 |
Business Style 2 |
Electronic goods |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.120,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate – 20.24% Directors or
relatives of Directors – 79.66% Other top fifty
(50) shareholders – 0.10% |
Banking |
United Bank of
India |
|
Public Limited Corp. |
No |
Business Period |
16 Years |
|
IPO |
No |
International Ins. |
- |
|
Public Enterprise |
No |
Rating |
B (31) |
|
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 |
155,991,000 |
Current Liabilities |
95,413,000 |
|
Inventories |
591,399,000 |
Long-term Liabilities |
777,424,000 |
|
Fixed Assets |
258,306,000 |
Other Liabilities |
0,000 |
|
Deferred Assets |
783,000 |
Total Liabilities |
872,837,000 |
|
Invest& other Assets |
147,894,000 |
Retained Earnings |
149,136,000 |
|
|
|
Net Worth |
281.536,000 |
|
Total Assets |
1,154,373,000 |
Total Liab. & Equity |
1,154,373,000 |
|
Total Assets (Previous Year) |
1,022,915,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
NA |
Net Profit |
34,126,000 |
|
Sales(Previous yr) |
NA |
Net Profit(Prev.yr) |
25,323,000 |
MIRA INFORM REPORT
|
Report Date : |
24.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
GREAT EASTERN APPLIANCES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Techno City, 15B, Sarat Bose Road, Kolkata-700020, West Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
28.01.1998 |
|
|
|
|
Com. Reg. No.: |
21-086420 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.120.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63022WB1998PTC086420 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALG02081C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCG1741J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading of Electronic goods and accessories. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1130000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The management has seen a better increase in its net profitability
during 2013. The ratings also take into consideration huge payable and capital
intensive operations during the year under review. However, trade relations are fair. Business is active. Payments terms
are reported as 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
India’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product from
$31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in exports
and moderation in gold imports. Manufacturing activity and new orders in India
showed their strongest growth in a year in February. The news comes as a relief
after data showed Asia’s third largest economy grew by a slower-than-expected
4.7 % annually in the three months through December. The HSBC Manufacturing
Purchasing Managers’ Index which gauges the business activity of India’s
factories but not its’ utilities, rose to 52.5 in February, its highest in a
year from 51.4 in January. Overall new orders for factory goods which rose to a
one-year high of 54.9 contributed to the surge. China has emerged as India’s
biggest trading partner in the current financial year replacing the United Arab
Emirates and pushing it to the third spot. India-China trade has reached $49.5
billion with a 8.7 % share in India’s total trade. The US comes second at $46
billion with 8.1 % share during the first nine months of the current financial
year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced. The
defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = BB- (Suspended) |
|
Rating Explanation |
Moderate risk of default regarding timely payments |
|
Date |
02.04.2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a d7efaulter
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 DENIED BY
|
Name : |
Ms. Antara |
|
Designation : |
Admin Department |
|
Contact No.: |
91-9433644806 |
LOCATIONS
|
Registered Office : |
Techno City, 15B, Sarat Bose Road, Kolkata -700020, West Bengal,
India |
|
Tel. No.: |
91-33-22103649/ 66347822 / 22895388 / 89 / 90 / 40036116 |
|
Mobile No.: |
91-9433644806 (Ms. Antara) |
|
Fax No.: |
91-33-22420180 / 22895625 |
|
E-Mail : |
|
|
|
|
DIRECTORS
AS ON 29.09.2012
|
Name : |
Ms. Pooja Baid |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
8, Heysham Road, Kolkata – 700020, West Bengal, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
06.04.1984 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.09.2005 |
|||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AHTPB1497J |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00541680 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Nirmal Kumar Baid |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
8, Heysham Road, Kolkata – 700020, West Bengal, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.09.1954 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B. Com (Hons) |
|||||||||||||||||||||||||||||||||||||||||||||
|
Experience : |
31 Years |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.01.1998 |
|||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AEIPB7815A |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00541706 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Prem Baid |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
8, Heysham Road, Kolkata – 700020, West Bengal, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.08.1958 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
18.04.2002 |
|||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AEHPB1402Q |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00550958 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Ms. Antara |
|
Designation : |
Admin Department |
MAJOR SHAREHOLDERS
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Nirmal Kumar Baid |
|
4014500 |
|
Punam Baid |
|
120000 |
|
Hemraj Baid |
|
10000 |
|
Prem Baid |
|
1331500 |
|
Pulkit Baid |
|
1967500 |
|
Sanchiya Developers Private Limited, India |
|
983500 |
|
Sanchiya Niketan Private Limited, India |
|
960000 |
|
Pooja Baid |
|
530000 |
|
Gaurav Agencies Private Limited, India |
|
20000 |
|
Glores Business Private Limited, India |
|
30000 |
|
Novex Trade and Holdings Private Limited, India |
|
30000 |
|
Garima Baid |
|
1500 |
|
Tanishka Baid |
|
1500 |
|
TOTAL
|
|
10000000 |
AS ON 30.03.2013
|
Names of Allottees |
|
No. of Shares |
|
Hello Communications Private Limited, India 250000 |
|
250000 |
|
Novex Trade and Holdings Private Limited, India |
|
100000 |
|
Prem Baid |
|
1150000 |
|
Pulkit Baid |
|
300000 |
|
Supriya Fincom Private Limited, India |
|
200000 |
|
TOTAL |
|
2000000 |
AS ON 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
20.24 |
|
Directors or relatives of Directors |
79.66 |
|
Other top fifty (50) shareholders |
0.10 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading of Electronic goods and accessories. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
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|
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|
Bankers : |
|
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial
Institutions : |
|
|
|
|
|
Auditors : |
|
|
Name : |
U S Agarwal and Associates Chartered Accountants |
|
Address : |
42/1, B.B. Ganguly Street, Kolkata – 700 012, West Bengal, India |
|
Tel. No.: |
91-33-22374622 |
|
E-Mail : |
|
|
PAN No.: |
AAAFU8724F |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs. 200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
Rs.10/- each |
Rs. 120.000 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 |
120.000 |
100.000 |
85.800 |
|
(b) Reserves & Surplus |
149.136 |
114.999 |
112.692 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
12.400 |
0.000 |
0.040 |
|
Total
Shareholders’ Funds (1) + (2) |
281.536 |
214.999 |
198.532 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
359.506 |
385.405 |
378.790 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
359.506 |
385.405 |
378.790 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
417.918 |
372.289 |
419.923 |
|
(b) Trade
payables |
89.396 |
42.120 |
48.390 |
|
(c) Other
current liabilities |
6.017 |
8.102 |
10.389 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
23.788 |
|
Total Current
Liabilities (4) |
513.331 |
422.511 |
502.490 |
|
|
|
|
|
|
TOTAL |
1154.373 |
1022.915 |
1079.812 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
257.304 |
192.422 |
192.902 |
|
(ii)
Intangible Assets |
1.002 |
0.376 |
0.000 |
|
(iii) Capital
work-in-progress |
147.288 |
171.168 |
131.959 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.606 |
0.606 |
0.606 |
|
(c) Deferred tax assets (net) |
0.783 |
0.773 |
23.785 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.605 |
0.196 |
0.235 |
|
Total Non-Current
Assets |
407.588 |
365.541 |
349.487 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
591.399 |
506.764 |
560.074 |
|
(c) Trade
receivables |
44.045 |
15.358 |
29.719 |
|
(d) Cash
and cash equivalents |
42.596 |
62.974 |
36.572 |
|
(e)
Short-term loans and advances |
68.745 |
72.278 |
103.960 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
746.785 |
657.374 |
730.325 |
|
|
|
|
|
|
TOTAL |
1154.373 |
1022.915 |
1079.812 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
51.208 |
37.537 |
31.428 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
17.082 |
12.214 |
11.429 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
34.126 |
25.323 |
19.999 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.41 |
4.98 |
2.36 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.09 |
4.41 |
3.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.17 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.76 |
3.52 |
4.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.45 |
1.56 |
1.45 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
85.800 |
100.000 |
120.000 |
|
Reserves & Surplus |
112.692 |
114.999 |
149.136 |
|
Net
worth |
198.492 |
214.999 |
269.136 |
|
|
|
|
|
|
long-term borrowings |
378.790 |
385.405 |
359.506 |
|
Short term borrowings |
419.923 |
372.289 |
417.918 |
|
Total
borrowings |
798.713 |
757.694 |
777.424 |
|
Debt/Equity
ratio |
4.024 |
3.524 |
2.889 |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
two years |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Rupee term loan
from others |
12.000 |
157.500 |
|
Loans and
advances from related parties |
0.625 |
9.056 |
|
Total |
12.625 |
166.556 |
CORPORATE INFORMATION
The Company is a Private Limited Company incorporated in India under the provisions of the Companies Act, 1956. The Company is dealing in trading of Electronic goods and accessories.
FINANCIAL RESULTS
The working of the company showed a net profit of Rs.51.208
Millions before providing for Provision for Tax of Rs.17.082 Millions which
along with the brought forward profit of Rs.107.799 Millions is carried to next
year.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10473442 |
19/12/2013 |
50,000,000.00 |
Housing Development Finance
Corporation Limited |
Ramon House 169 Backbay Reclamation,
H T Parekh Marg, Mumbai, Maharashtra - 400020, India |
B94669215 |
|
2 |
10394190 |
24/12/2012 |
20,000,000.00 |
Bajaj Finance Limited |
Akurdi Pune-, Pune,
Maharashtra - 411035, India |
B64912876 |
|
3 |
10374116 |
20/07/2012 |
200,000,000.00 |
Housing Development Finance
Corporation Limited |
Ramon House 169 Backbay
Reclamation, H T Parekh Marg, Mumbai, Maharashtra - 400020, India |
B57099731 |
|
4 |
10289783 |
10/05/2011 |
50,000,000.00 |
HDFC BANK LIMITED |
HDFC Bank House Senapati Bapat
Marg, Lower Parel West, Mumbai, Maharashtra - 400013, India |
B14126981 |
|
5 |
10110523 |
20/06/2008 |
35,000,000.00 |
3i Infotech Trusteeship
Services Limited |
3rd to 6th floor,
International Infotech Park, Tower No.5, Vashi Railway Station Complex,
Vashi, Navi Mumbai, Maharashtra - 400703, INDIA |
A40450025 |
|
6 |
80032623 |
18/06/2007 * |
22,500,000.00 |
ICICI BANK LIMITED |
Landmarkrace Cource Circle, Alkapuri,
Baroda, Gujarat - 390015, India |
A16931362 |
|
7 |
90247920 |
01/11/2012 * |
507,200,000.00 |
UNITED BANK OF INDIA |
Corporate Finance Branch,
Kolkata, 11, Hemanta Basu Sarani,, Kolkata, West Bengal - 700001, India |
B62862768 |
*Date of modification Charges
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Office Equipment
·
Computer
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction registered
against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 60.70 |
|
|
1 |
Rs. 100.10 |
|
Euro |
1 |
Rs. 83.80 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
31 |
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.