MIRA
INFORM REPORT
|
Report Date : |
12.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
SHREE KRISHNA ULTRAMARINE PIGMENTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-7 and 8, Industrial Estate, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
09.08.1988 |
|
|
|
|
Com. Reg. No.: |
20-009901 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 2.262 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24222UP1988PTC009901 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCS2958B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Ultramarine blue, Ultramarine blue
liquid, holi colors etc. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 20000 |
|
|
|
|
Status : |
Small company |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established small company in its field. Its scale of
activities are limited. The management of the company has failed to file its financial for the
year 2013 with the government department. As per available financial (2012), financial position of the company
seems to be modest. However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for small business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
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.
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 (GENERAL DETAILS)
|
Name : |
Mr. Abhishek |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9412276312 |
|
Date : |
19.04.2014 |
LOCATIONS
|
Registered Office/ Factory : |
B-7 and 8, Industrial Estate, Aligarh Road, Hathras - 204101, Uttar
Pradesh, India |
|
Tel. No.: |
91-5722-276341 |
|
Mobile No.: |
91-9594515318 (Mr. Abhishek) 91-9412276312 / 9411044669 (Mr. Om Prakash) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 12.08.2012
|
Name : |
Mr. Om Prakash Agarwal |
|
Designation : |
Director |
|
Address : |
A-6, Basant Bagh, Hathras - 204101, India |
|
Date of Birth/Age : |
23.05.1962 |
|
Qualification : |
M. Com |
|
Experience : |
30 Years |
|
Date of Appointment : |
09.08.1988 |
|
DIN No.: |
01767366 |
|
|
|
|
Name : |
Mr. Rakesh Agrawal |
|
Designation : |
Director |
|
Address : |
A-11, Basant Bagh, Hathras - 204101, India |
|
Date of Birth/Age : |
01.12.1957 |
|
Qualification : |
M. Com. |
|
Date of Appointment : |
02.03.1998 |
|
Experience : |
32 Years |
|
DIN No.: |
01767405 |
|
|
|
|
Name : |
Mr. Pankaj Agrawal |
|
Designation : |
Director |
|
Address : |
A-12, Basant Bagh, Hathras - 204101, India |
|
Qualification : |
B. Sc. |
|
Experience : |
20 Years |
|
Date of Appointment : |
24.03.2000 |
|
DIN No.: |
01862134 |
|
|
|
|
Name : |
Mr. Anil Kumar Agrawal |
|
Designation : |
Director |
|
Address : |
A-7, Basant Bagh, Hathras - 204101, India |
|
Qualification : |
M. Sc. |
|
Experience : |
28 Years |
|
Date of Appointment : |
09.08.1988 |
|
DIN No.: |
02319462 |
KEY EXECUTIVES
|
Name : |
Mr. Abhishek |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS
AS ON 12.08.2012
|
Names of Shareholders |
No. of Shares |
|
Rakesh Kumar Agrawal |
261000 |
|
Anil Agrawal |
286000 |
|
Om Prakash Agrawal |
646000 |
|
Pankaj Agrawal |
300000 |
|
Meera Agrawal |
7000 |
|
Nemita Agrawal |
7000 |
|
Geeta Agrawal |
573100 |
|
Manoj Agrawal |
100 |
|
Ramesh Goyal |
100 |
|
Deepti Agrawal |
100 |
|
Om Agrawal (HUF) |
140100 |
|
Deepika Agrawal |
100 |
|
Abhishek Agrawal |
40100 |
|
Bal Swaroop Agrawal |
100 |
|
Ashok Agarawal |
100 |
|
Hari Baboo Kapil Kumar |
100 |
|
Hari Baboo Sanjay Kumar |
100 |
|
Sanjay Agarawal (HUF) |
100 |
|
Suresh Chand Kamlesh Kumar |
100 |
|
Agrawal Suppliers |
100 |
|
Goyal Bhandar |
100 |
|
R. K. Trading Company, India |
100 |
|
Shree Tin Containers, India |
100 |
|
Ghanshyam Das Viond Kumar |
100 |
|
Munna lal and Company, India |
100 |
|
Bharat Industries, India |
100 |
Equity Share Break up (Percentage of Total Equity)
AS ON 12.08.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Ultramarine blue, Ultramarine blue
liquid, holi colors etc |
|
|
|
|
Products : |
|
|
|
|
|
Exports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Cheque and Credit (30 Days/ 60 Days) |
|
|
|
|
Purchasing : |
Cash, Cheque and Credit (30 Days/ 60 Days) |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
Ultramarine Blue |
MT |
NA |
12000 |
583 |
GENERAL INFORMATION
|
Customers : |
Manufacturer and Retailers |
|
|
|
|
No. of Employees : |
50 (Approximately) |
|
|
|
|
Bankers : |
·
HDFC Bank Limited, HDFC Bank House, Senapati Bapat
Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India ·
Punjab National Bank, Hathras, Uttar Pradesh,
India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Praveen K Jain and Associates Chartered Accountants |
|
Address : |
Shyam Dal Mill Compound, Near Bijlighar Sub Station No.3, Navipur
Road, Harthas-204101, Uttar Pradesh, India |
|
Tel. No.: |
91-5722-325491 / 230149 |
|
Mobile No.: |
91-9837789368 |
|
Pan No.: |
ADLPJ4977B |
CAPITAL STRUCTURE
AS ON 12.08.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000 |
Equity Shares |
Rs. 100/- each |
Rs. 2.500 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22620 |
Equity Shares |
Rs. 100/- each |
Rs. 2.262 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
2.262 |
2.262 |
|
(b) Reserves & Surplus |
|
1.775 |
1.693 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.100 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
4.137 |
3.955 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
2.143 |
5.178 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
2.143 |
5.178 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
0.278 |
1.000 |
|
(c) Other current
liabilities |
|
1.872 |
1.668 |
|
(d) Short-term provisions |
|
0.127 |
0.027 |
|
Total Current Liabilities
(4) |
|
2.277 |
2.695 |
|
|
|
|
|
|
TOTAL |
|
8.557 |
11.828 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
1.646 |
1.659 |
|
(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 |
|
0.000 |
0.000 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
1.646 |
1.659 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
3.179 |
5.509 |
|
(c) Trade receivables |
|
1.906 |
2.596 |
|
(d) Cash and cash
equivalents |
|
1.115 |
1.408 |
|
(e) Short-term loans
and advances |
|
0.459 |
0.459 |
|
(f) Other current
assets |
|
0.252 |
0.197 |
|
Total Current Assets |
|
6.911 |
10.169 |
|
|
|
|
|
|
TOTAL |
|
8.557 |
11.828 |
|
SOURCES
OF FUNDS |
|
|
31.03.2010 |
|
|
|
|
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
1] Share Capital |
|
|
1.862 |
|
2] Share Application Money |
|
|
0.000 |
|
3] Reserves & Surplus |
|
|
1.616 |
|
4] (Accumulated Losses) |
|
|
0.000 |
|
NETWORTH |
|
|
3.478 |
|
|
|
|
|
|
LOAN FUNDS |
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
2] Unsecured Loans |
|
|
4.241 |
|
TOTAL
BORROWING |
|
|
4.241 |
|
|
|
|
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
TOTAL |
|
|
7.719 |
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1.705 |
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
Inventories |
|
|
5.872 |
|
Sundry Debtors |
|
|
0.687 |
|
Cash & Bank Balances |
|
|
0.779 |
|
Other Current Assets |
|
|
0.098 |
|
Loans & Advances |
|
|
0.501 |
|
Total
Current Assets |
|
|
7.937 |
|
|
|
|
|
|
Less :
CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
Other Current Liabilities |
|
|
1.817 |
|
Provisions |
|
|
0.106 |
|
Total
Current Liabilities |
|
|
1.923 |
|
|
|
|
|
|
Net
Current Assets |
|
|
6.014 |
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
TOTAL |
|
|
7.719 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
NA |
15.519 |
|
|
|
|
Other Income |
|
0.015 |
|
|
|
|
TOTAL |
NA |
15.534 |
16.525 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
NA |
15.432 |
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
15.432 |
16.416 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
0.102 |
0.109 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
0.025 |
0.023 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.082 |
0.077 |
0.086 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
3.63 |
3.40 |
4.62 |
|
|
Particulars |
|
31.03.2014 |
31.03.2013 |
|
Sales Turnover (Approximately) |
|
10.000 |
10.000 |
|
|
|
|
|
The above information has been parted by Mr. Abhishek.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
0.50
|
0.52 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
0.66
|
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
1.00
|
1.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.03
|
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.52
|
1.31
|
1.22 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.04
|
3.77
|
4.13 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2011 |
31.03.2012 |
|
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
|
2.626 |
2.262 |
|
Reserves & Surplus |
|
1.693 |
1.775 |
|
Share Application money pending
allotment |
|
0.000 |
0.100 |
|
Net
worth |
|
4.319 |
4.137 |
|
|
|
|
|
|
long-term borrowings |
|
5.178 |
2.143 |
|
Short term borrowings |
|
0.000 |
0.000 |
|
Total
borrowings |
|
5.178 |
2.143 |
|
Debt/Equity
ratio |
|
1.199 |
0.518 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
|
Total Income |
16.525 |
15.534 |
|
|
|
(5.997) |
NET PROFIT MARGIN
|
Net Profit
Margin |
31.03.2011 |
31.03.2012 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
|
Total Income |
16.525 |
15.534 |
|
Profit After Tax |
0.086 |
0.077 |
|
|
0.52% |
0.50% |
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
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 |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOANS:
|
Particulars |
31.03.2012 Rs. In Millions |
31.03.2011 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Ashish Agarwal
S/o Rakesh Agarwal |
0.126 |
0.117 |
|
K. K.
International, Hathras |
0.000 |
0.300 |
|
Kosi Electronics
Private Limited, Delhi |
0.479 |
0.442 |
|
Bharat Dye Chem,
Hathras |
0.388 |
0.359 |
|
Bharat
Industries, Hathras |
0.034 |
0.031 |
|
Pankaj Kumar
Agarwal |
0.842 |
0.778 |
|
Pinky Bansal |
0.448 |
0.404 |
|
Shantana Design
Private Limited, Hathras |
0.376 |
1.815 |
|
Deepti Agrawal |
0.354 |
0.327 |
|
Abhishek Agrawal |
0.002 |
0.310 |
|
Om Prakash
Agrawal HUF |
0.000 |
0.044 |
|
Om Prakash
Agrawal (Ind) |
0.210 |
0.851 |
|
Deepika Agrawal |
(1.117) |
(0.600) |
|
Total |
2.143 |
5.178 |
Note :
The registered office of the company has been shifted from Pasratta
Bazar Hathras, Hathras – 204101, Uttar Pradesh, India to the present address
w.e.f. 06.09.2007.
VIEW INDEX OF
CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10066477 |
24/07/2007 |
2,000,000.00 |
HDFC BANK
LIMITED |
HDFC Bank Housesenapati
Bapat Marg, Lower Parel W |
A22389456 |
|
2 |
90267818 |
24/08/1994 |
1,500,000.00 |
CANARA BANK |
Main Branch,
Sadabadgate, Hathras, Uttar Pradesh, |
- |
|
3 |
90268817 |
23/08/1994 |
200,000.00 |
CANARA BANK |
Main Branch,
Sadabadgate, Hathras, Uttar Pradesh, |
- |
FIXED ASSETS:
·
Land
·
Plant and Machinery
·
Car
·
Colour Matching Software
·
Television
·
Furniture and Fittings
·
Motor Cycle
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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. 60.05 |
|
UK Pound |
1 |
Rs. 101.65 |
|
Euro |
1 |
Rs. 83.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
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 |
NO |
|
--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 |
|
28 |
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.