MIRA INFORM REPORT
|
Report Date : |
29.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
BANSAL DYECHEM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1172-73, Gali Teliyan, Tilakbazar, New Delhi - 110006 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
17.05.2004 |
|
|
|
|
Com. Reg. No.: |
55-126391 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.125 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51102DL2004PTC126391 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELB08417D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCB3941N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Dyes and Chemicals. |
|
|
|
|
No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 51000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The rating takes into consideration company’s healthy financial risk
profile marked by fair profitability levels and sound liquidity position. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
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.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Rakesh Kumar Bansal |
|
Designation : |
Director |
|
Contact No.: |
91-9811036657 |
|
Date : |
27.03.2014 |
LOCATIONS
|
Registered Office : |
1172-73, Gali Teliyan, Tilakbazar, New Delhi – 110006, India |
|
Tel. No. : |
91-11-23933684/ 23962515/ 27023352/ 27352408 |
|
Mobile No. : |
91-9811036657 (Mr. Rakesh Kumar Bansal) |
|
Fax No. : |
91-11-23969417 |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
403, 4th Floor, D Mall, Netaji Subash Place, Pitampura, New
Delhi, India |
|
Tel. No. : |
91-11-27353403 |
DIRECTORS
As on 20.09.2013
|
Name : |
Mr. Rakesh Kumar Bansal |
|
Designation : |
Director |
|
Address : |
55, Engineers Enclave, Delhi – 110034, India |
|
Date of Appointment : |
17.05.2004 |
|
DIN No. : |
00378671 |
|
|
|
|
Name : |
Renu Bansal |
|
Designation : |
Director |
|
Address : |
55, Engineers Enclave, Delhi – 110034, India |
|
Date of Appointment : |
17.05.2004 |
|
DIN No. : |
00378719 |
|
|
|
|
Name : |
Mr. Rohan Bansal |
|
Designation : |
Director |
|
Address : |
55, Engineers Enclave, Delhi – 110034, India |
|
Date of Birth/Age : |
09.12.1991 |
|
Date of Appointment : |
26.08.2013 |
|
DIN No. : |
05121203 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 20.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Rakesh Kumar Bansal |
9000 |
72.00 |
|
Renu Bansal |
1000 |
8.00 |
|
Veena Gupta |
300 |
2.40 |
|
Rakesh Kumar Bansal / Renu Bansal |
100 |
0.80 |
|
Rajiv Gupta |
100 |
0.80 |
|
Rohan Bansal |
2000 |
16.00 |
|
Total |
12500 |
100.00 |
As on 20.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Dyes and Chemicals. |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (60 Days) |
|
|
|
|
Purchasing : |
Credit (60 Days) |
GENERAL INFORMATION
|
No. of Employees : |
10 (Approximately) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
Tamilnad Mercantile Bank Limited, 384-390, First Floor, Loke Nath Building, Chandni Chowk, Delhi - 110006, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jain Vipin and Associates Chartered Accountants |
|
Address : |
972/4, Gali Teliyan, Tilak Bazar, Delhi – 110006, India |
|
Tel. No. : |
91-11-23969417/ 23932758/ 23927666 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAFPJ6494G |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12,500 |
Equity Shares |
Rs.10/- each |
Rs. 0.125 Million |
|
|
|
|
|
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 |
0.125 |
0.125 |
0.105 |
|
(b) Reserves & Surplus |
12.553 |
10.238 |
7.716 |
|
(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) |
12.678 |
10.363 |
7.821 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
1.088 |
0.504 |
0.916 |
|
(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 |
0.269 |
0.178 |
0.145 |
|
Total Non-current
Liabilities (3) |
1.357 |
0.682 |
1.061 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
32.491 |
28.397 |
25.477 |
|
(b) Trade
payables |
57.010 |
58.910 |
40.434 |
|
(c) Other
current liabilities |
1.389 |
1.439 |
1.282 |
|
(d) Short-term
provisions |
1.250 |
1.484 |
1.345 |
|
Total Current
Liabilities (4) |
92.140 |
90.230 |
68.538 |
|
|
|
|
|
|
TOTAL |
106.175 |
101.275 |
77.420 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
4.305 |
3.697 |
3.305 |
|
(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 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.131 |
0.121 |
0.111 |
|
(d) Long-term Loan and Advances |
1.361 |
1.307 |
1.274 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
5.797 |
5.125 |
4.690 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
4.786 |
4.399 |
4.370 |
|
(c) Trade
receivables |
91.575 |
89.469 |
65.709 |
|
(d) Cash
and cash equivalents |
2.220 |
0.763 |
1.260 |
|
(e)
Short-term loans and advances |
1.797 |
1.519 |
1.391 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
100.378 |
96.150 |
72.730 |
|
|
|
|
|
|
TOTAL |
106.175 |
101.275 |
77.420 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
295.294 |
245.646 |
190.993 |
|
|
|
Other Income |
2.121 |
4.120 |
4.587 |
|
|
|
TOTAL (A) |
297.415 |
249.766 |
195.580 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Stock-in-trade |
280.796 |
233.316 |
182.125 |
|
|
|
Changes in inventories of finished goods |
(0.387) |
(0.029) |
(2.106) |
|
|
|
Employee benefit expenses |
3.774 |
2.703 |
2.592 |
|
|
|
Other Expenses |
5.881 |
6.415 |
6.066 |
|
|
|
TOTAL (B) |
290.064 |
242.405 |
188.677 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
7.351 |
7.361 |
6.903 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES (D) |
3.316 |
2.867 |
2.419 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
4.035 |
4.494 |
4.484 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
0.705 |
0.504 |
0.395 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
3.330 |
3.990 |
4.089 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.015 |
1.467 |
1.335 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
2.315 |
2.523 |
2.754 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
10.238 |
7.715 |
4.961 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
12.553 |
10.238 |
7.715 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
185.20 |
201.84 |
262.29 |
|
Expected Sales (2013-2014): Rs. 400.000 Millions
The above information has been parted by Mr. Rakesh Kumar Bansal
(Director).
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.78 |
1.01 |
1.41 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.13 |
1.62 |
2.14 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.14 |
3.94 |
5.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26 |
0.39 |
0.52 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.65 |
2.79 |
3.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.09 |
1.07 |
1.06 |
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 |
0.105 |
0.125 |
0.125 |
|
Reserves & Surplus |
7.716 |
10.238 |
12.553 |
|
Net
worth |
7.821 |
10.363 |
12.678 |
|
|
|
|
|
|
long-term borrowings |
0.916 |
0.504 |
1.088 |
|
Short term borrowings |
25.477 |
28.397 |
32.491 |
|
Total
borrowings |
26.393 |
28.901 |
33.579 |
|
Debt/Equity
ratio |
3.375 |
2.789 |
2.649 |
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 |
190.993 |
245.646 |
295.294 |
|
|
|
28.615 |
20.211 |
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 |
190.993 |
245.646 |
295.294 |
|
Profit |
2.754 |
2.523 |
2.315 |
|
|
1.44% |
1.03% |
0.78% |
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
No |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
From Directors |
17.103 |
13.071 |
|
From Others |
15.388 |
15.326 |
|
Total |
32.491 |
28.397 |
CORPORATE INFORMATION
Subject is having its registered office in delhi. The company is engaged into the business of trading of Dyes and Chemicals.
WORKINGS
Despite keen competition in the market and low pricing of imported goods, the company has been able to reach the target in terms of sale as compared to previous year which has reached Rs. 295.294 Millions as compared to Rs. 245.646 Millions in the immediate previous year. However, net profit of the company has reduced as a result of increase in employees benefit cost, which is significant for growth and stability of the company. The directors are hopeful to improve sales and net profit further, in future.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U51102DL2004PTC126391 |
|
Name of the
company |
BANSAL DYECHEM
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
1172-73, Gali Teliyan, Tilakbazar, New Delhi – 110006, India E-Mail : hlalcs@yahoo.co.in |
|
This form is for |
Modification of charge |
|
Charge
identification number of the modified |
80013228 |
|
Type of charge |
Book debts Movable property (not being pledge) Others (Lien over Bill of lading/Airways Bill/Lorry Receipt) |
|
Particular of
charge holder |
Tamilnad Mercantile Bank Limited, 384-390, First Floor, Loke Nath Building, Chandni Chowk,, Delhi - 110006, India |
|
Nature of
description of the instrument creating or modifying the charge |
Letter of
Hypothecation of Book-debts dated and Agreement for demand cash credit,
Hypothecation of movable properties dated 11-07-2013 |
|
Date of
instrument Creating the charge |
11.07.2013 |
|
Amount secured by
the charge |
Rs. 10.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Secured
Overdraft- BR+3.00% presently 13.75% Terms of Repayment Secured
Overdraft- One Year Margin 25% of WCG |
|
Short particulars
of the property charged |
Primary On hypothecation
of stock in trade of all kinds of dyes and chemicals On hypothecation
of book-debts arising out of genuine trade transactions On lien over Bill
of Lading/Airway Bill/Lorry Receipt/Railway Receipt covering the goods
imported/procured under FLC On hypothecation
of stock-debts arising out of goods imported/procured under Bank Guarantee On the counter
guarantee of the company Collateral 1.On the extension of Equitable Mortgage of
land to the extent of 300 sq. yards and residential building constructed
thereon to the extent of 3000 sq. ft.(2700 sq. ft. Ground Floor+300 sq. ft.
1st Floor) situated at No.22-D, out of khasra No. 13/14 and 17 situated at
Samypur Extension, Delhi-1100042 standing in the
name of Mrs. Renu Bansal Valued Rs. 100 Lacs(MIVR dt.21.06.2012 for Rs.11.449
Millions, PEVR dt.14.06.2012 for Rs.11.449 Millions, since the plan approval
copy is not available for Building construction, Branch has taken the value
of the land Rs.10.000 Millions only) 2. On the
extension of Equitable Mortgage of building to the extent of 599.49 sq.ft. in
unit no.403, plot no.A-1 at 4th floor part of twelve storey shopping complex
known as D-Mall, Nethaji Subash place,Delhi standing in the name of Renu
Bansal and Rohan Bansal valued Rs.13.000 Millions (MIVR dt.21.06.2012 for
Rs.13.000 Millions and PEVR dt.14.06.2012 for Rs.13.758 Millions) 3.On Equitable
Mortgage of proportinate land area to the tune of 6.82 Sq.mts. in Agarwal
Cyber Plaza-2,at plot no.472 building at the 4th Floor to the extent of
605.92 sq.ft. in C-7, Netaji Subash place, Delhi-110034 standing in the name
of Mrs. Renu Bansal valued Rs.9.100 Millions (MIVC dt. 11.02.2013 for Rs.
9.100 Millions and PEVR dt. 11.01.2013 and 18.06.2013 for Rs. 9.142 Millions)
On the personal guarantee of all the directors of the company (presently Mr.
Rakesh Kumar Bansal, Smt. Renu Bansal, Mr. Rohan Bansal), property owners and
husband of property owners. |
|
Date of
Modification |
09.08.2012 |
|
Particulars of
the present modification |
Renewal of
Secured overdraft credit limit of Rs. 10.000 Millions. |
FIXED ASSETS
· Land
· Building
· Air Conditioner
· Calculator
· Coffee Machine
· Electrical Fans and Fittings
· EPBAX
· Invertor
· Mobile Phone
· Office Equipment
· Voltage Stabilizer
· Furniture and Fixtures
· Motor Car
· Scooter
· Cycle
· Computer
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.60.10 |
|
|
1 |
Rs.99.85 |
|
Euro |
1 |
Rs.82.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Report Prepared
by : |
MRI |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.