MIRA INFORM REPORT
|
Report Date : |
02.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
ANAND MOULD STEELS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.1442, Road No.16, Kalamboli Warehousing Complex, Kalamboli,
Navi Mumbai – 410 218, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
25.02.2005 |
|
|
|
|
Com. Reg. No.: |
11-151616 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3.039
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100MH2005PTC151616 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA24728E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAAFCA0918D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject undertakes the
business of trading in Alloys Steel which includes cutting, designing and
distribution process. |
|
|
|
|
No. of Employees
: |
Information declined by the Management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 184000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having moderate track record. The company sales
turnover has declined resulting into sharp dip in profit of the company
during financial year 2013. However, trade
relations are 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.
INDIAN ECONOMIC OVERVIEW
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief information
officers at gathering in Bangalore in April to meet Indian startups at an event
called Tech50 Watchout for Little Eye Labs-Facebook type deals in the making.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities: B+ (Suspended) |
|
Rating Explanation |
Risk prone credit quality and high risk of default. |
|
Date |
February 06, 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities: A4 (Suspended) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
February 06, 2014 |
Reason for suspension:
Not furnished the information required by
CARE.
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
(Tel. No.: 91-22-23828207)
LOCATIONS
|
Registered Office/ Unit 1 : |
Plot No.1442, Road No.16, Kalamboli Warehousing Complex, Kalamboli,
Navi Mumbai – 410 218, Maharashtra, India |
|
Tel. No.: |
91-22-65133711/ 12/ 23828207 |
|
Mobile No.: |
91-9821011409 (Mr. Ashish Bhansali) |
|
Fax No.: |
91-22-27423998 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
10000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Unit 2 : |
Plot No.9, H. No.5-5-35/233, Shaktipuram, Prashanthinagar, Kukatpally
(E), Hyderabad – 500 072, Andhra Pradesh, India |
|
Tel. No.: |
91-40-23078799/ 4927 |
|
E-Mail : |
|
|
|
|
|
Unit 3 : |
Shubhadra Estate, Shead No.6, Samayapur Road, Sector-58, Faridabad,
Haryana, India |
|
Tel. No.: |
91-129-2232457 |
|
E-Mail : |
|
|
|
|
|
Warehouse cum
Cutting Facility : |
Located at: ·
Kalamboli, Navi Mumbai |
|
|
|
|
Tool Rooms : |
Located at: ·
Parwanoo, Himachal Pradesh in North ·
Thiruvanantapuram in deep South |
DIRECTORS
AS ON 25.09.2013
|
Name : |
Mr. Karsandas Purshottam Bhansali |
|
Designation : |
Director |
|
Address : |
104, Chetan Villa, 145, Garodia Nagar, Ghatkopar (East), Mumbai – 400
077, Maharashtra, India |
|
Date of Birth/Age : |
07.07.1945 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
02.03.2005 |
|
DIN No.: |
00692728 |
|
|
|
|
Name : |
Mr. Ashish Karsandas Bhansali |
|
Designation : |
Director |
|
Address : |
412, Evening Star, C Wing, Raheja Vihar, Opposite Chandivli Studio, Saki
Vihar Road, Powai, Mumbai – 400 072, Maharashtra, India |
|
Date of Birth/Age : |
22.12.1973 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
02.03.2005 |
|
DIN No.: |
01565295 |
|
|
|
|
Name : |
Mrs. Jamna Karsandas Bhansali |
|
Designation : |
Director |
|
Address : |
104, Chetan Villa, 145, Garodia Nagar, Ghatkopar (East), Mumbai – 400
077, Maharashtra, India |
|
Date of Birth/Age : |
08.05.1950 |
|
Qualification : |
S.S. C |
|
Date of Appointment : |
02.03.2005 |
|
DIN No.: |
00692740 |
|
|
|
|
Name : |
Mrs. Nimisha Bhansali |
|
Designation : |
Director |
|
Address : |
412, Evening Star, C Wing, Raheja Vihar, Opposite Chandivli Studio,
Saki Vihar Road, Powai, Mumbai – 400 072, Maharashtra, India |
|
Date of Birth/Age : |
30.07.1974 |
|
Qualification : |
Fashion Designer |
|
Date of Appointment : |
02.03.2005 |
|
DIN No.: |
01766200 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 25.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Karsandas Purshottam Bhansali |
100100 |
32.94 |
|
Ashish Karsandas
Bhansali |
156600 |
51.53 |
|
Nimisha Bhansali |
30500 |
10.04 |
|
Jamna Karsandas
Bhansali |
16000 |
5.26 |
|
Deepa Dhiren Kataria |
700 |
0.23 |
|
Total
|
303900 |
100.00 |
AS ON 25.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject undertakes the
business of trading in Alloys Steel which includes cutting, designing and
distribution process. |
|
|
|
|
Products : |
·
Plastic Mould Steels ·
Hot work Tool Steels ·
Carbon Steel Plates |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the Management. |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
Corporation Bank, Mumbai
Central Branch, Ground Floor, Bhojwani Mansion, 24 M.M. Marg, Mumbai Central,
Mumbai – 400 008, Maharashtra, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
Notes: LONG TERM BORROWINGS Nature of Security Rupee Loans from
Financial Institutions is secured by first charges on specific assets financed
by the lender. Terms of Repayment Rupee Loans from
Financial Institutions are repayable in 3-4 years from the date of loan.
Interest rate on these loans are ranging between 7.50% to 10.50%
p.a. SHORT TERM BORROWINGS Nature of Security and Terms Overdraft Facility from
banks are secured against (i) first charge by hypothecation of Inventory and
receivables and (ii) personal guarantees of Directors of the Company These
loans are repayable on demand. Interest rate on these loans are ranging
between 12% to 13.5% p.a. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jayesh Sanghrajka and Company Chartered Accountants |
|
Address : |
Unit No.405-408, 4th Floor, Hind Rajasthan Centre, D.S. Phalke
Road, Dadar (East), Mumbai – 400 014, Maharashtra, India |
|
Tel. No.: |
91-22-40774600 (18 Lines) |
|
Fax No.: |
91-22-40774606 |
|
E-Mail : |
|
|
PAN No.: |
AADFJ9072C |
|
|
|
|
Related Party (Partnership firm of Directors) : |
Anand Steels and Alloys |
CAPITAL STRUCTURE
AS ON 25.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
303900 |
Equity Shares |
Rs.10/- each
|
Rs.3.039
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 |
3.039 |
3.039 |
3.039 |
|
(b) Reserves & Surplus |
42.869 |
40.202 |
35.570 |
|
(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) |
45.908 |
43.241 |
38.609 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
10.945 |
11.685 |
12.690 |
|
(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) |
10.945 |
11.685 |
12.690 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
53.826 |
59.314 |
85.492 |
|
(b)
Trade payables |
199.419 |
117.346 |
51.835 |
|
(c)
Other current liabilities |
11.534 |
12.095 |
12.305 |
|
(d)
Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
264.779 |
188.755 |
149.632 |
|
|
|
|
|
|
TOTAL |
321.632 |
243.681 |
200.931 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
18.646 |
19.634 |
17.593 |
|
(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) |
0.642 |
0.310 |
0.171 |
|
(d) Long-term Loan
and Advances |
0.959 |
1.058 |
0.203 |
|
(e)
Other Non-current assets |
2.477 |
59.274 |
48.855 |
|
Total
Non-Current Assets |
22.724 |
80.276 |
66.822 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
130.051 |
93.935 |
72.496 |
|
(c)
Trade receivables |
127.913 |
63.313 |
52.348 |
|
(d)
Cash and cash equivalents |
38.078 |
3.633 |
8.155 |
|
(e)
Short-term loans and advances |
2.718 |
2.374 |
1.028 |
|
(f)
Other current assets |
0.148 |
0.150 |
0.082 |
|
Total
Current Assets |
298.908 |
163.405 |
134.109 |
|
|
|
|
|
|
TOTAL |
321.632 |
243.681 |
200.931 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
196.951 |
222.435 |
207.464 |
|
|
|
Other Income |
3.696 |
4.768 |
4.366 |
|
|
|
TOTAL (A) |
200.647 |
227.203 |
211.830 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of
stock-in-trade |
183.552 |
189.387 |
175.390 |
|
|
|
Changes in Inventories |
(36.116) |
(21.439) |
(19.706) |
|
|
|
Employee Benefit Expenses |
12.731 |
14.437 |
13.344 |
|
|
|
Other Expenses |
20.897 |
20.247 |
20.227 |
|
|
|
Prior Period Item |
0.491 |
0.006 |
0.000 |
|
|
|
Exceptional Items |
0.050 |
1.500 |
0.000 |
|
|
|
TOTAL (B) |
181.605 |
204.138 |
189.255 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
19.042 |
23.065 |
22.575 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
12.952 |
12.840 |
12.099 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
6.090 |
10.225 |
10.476 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.756 |
3.313 |
3.361 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
2.334 |
6.912 |
7.115 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.332) |
2.028 |
6.592 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
2.666 |
4.884 |
0.523 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
19.162 |
14.529 |
14.006 |
|
|
|
|
|
|
|
|
|
Less |
Transitional Liability of Gratuity as per AS 15 |
0.000 |
0.251 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
21.828 |
19.162 |
14.529 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
1.545 |
Nil
|
Nil
|
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Purchases |
171.531 |
164.958 |
154.524 |
|
|
TOTAL IMPORTS |
171.531 |
164.958
|
154.524 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
26.66 |
48.84 |
5.23 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.33
|
2.15 |
0.25 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.19
|
3.11 |
3.43 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.73
|
2.84 |
3.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.16 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.41
|
1.64 |
2.54 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13
|
0.87 |
0.90 |
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 |
3.039 |
3.039 |
3.039 |
|
Reserves & Surplus |
35.570 |
40.202 |
42.869 |
|
Net worth |
38.609 |
43.241 |
45.908 |
|
|
|
|
|
|
Long-term borrowings |
12.690 |
11.685 |
10.945 |
|
Short term borrowings |
85.492 |
59.314 |
53.826 |
|
Total borrowings |
98.182 |
70.999 |
64.771 |
|
Debt/Equity ratio |
2.543 |
1.642 |
1.411 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from operations |
207.464 |
222.435 |
196.951 |
|
|
|
7.216 |
(11.457) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from operations |
207.464 |
222.435 |
196.951 |
|
Profit |
0.523 |
4.884 |
2.666 |
|
|
0.25% |
2.20% |
1.35% |
LOCAL AGENCY FURTHER INFORMATION
Details of Current maturities of long-term borrowings:
|
Particulars |
31.03.2013 (Rs. in millions) |
31.03.2012 (Rs. in millions) |
31.03.2011 (Rs. in millions) |
|
Current maturities of
long-term borrowings |
1.070 |
1.986 |
1.483 |
|
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 |
Yes |
|
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 |
Yes |
|
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 |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
80020981 |
24/12/2010 * |
165,000,000.00 |
CORPORATION BANK |
MUMBAI CENTRAL BRANCH,
GROUND FLOOR, BHOJWANI MANSION, 24, M.M. MARG, MUMBAI CENTRAL, MUMBAI,
MAHARASHTRA - 400008, INDIA |
B02626828 |
* Date of charge modification
|
Unsecured Loans |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG TERM BORROWINGS |
|
|
|
Loans and Advances from
Related Parties* |
9.966 |
9.694 |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and Advances from
Related Parties |
8.575 |
13.009 |
|
Total
|
18.541 |
22.703 |
Notes:
LONG TERM
BORROWINGS
*Loans
from related parties include
|
Particulars |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Ashish
Bhansali - Citi Bank Loan |
2.849 |
2.323 |
|
Jamna
Bhansali |
5.252 |
4.467 |
|
Kiran
Popat |
0.829 |
0.829 |
|
Nimisha
Bhansali |
1.036 |
2.075 |
|
Total
|
9.966 |
9.694 |
SHORT
TERM BORROWINGS
*Loans
from related parties include
|
Particulars |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Ashish
Bhansali - Citi Bank Loan |
0.641 |
0.864 |
|
Ashish
Bhansali |
3.539 |
8.817 |
|
Jamna
Bhansali |
0.656 |
0.000 |
|
Karsandas
Bhansali |
3.242 |
3.328 |
|
Nimisha
Bhansali |
0.497 |
0.000 |
|
Total
|
8.575 |
13.009 |
FIXED ASSETS:
·
Building
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
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 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.60.34 |
|
UK Pound |
1 |
Rs.101.45 |
|
Euro |
1 |
Rs.83.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
32 |
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.