MIRA
INFORM REPORT
|
Report Date : |
21.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
BEBB INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
406-A Inderaprastha Tower, 6 - Commercial
Complex, Wazirpur, New Delhi – 110052 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
30.01.2012 |
|
|
|
|
Com. Reg. No.: |
55-230723 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.762 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74900DL2012PTC230723 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of Polymers, Metal and PVC. |
|
|
|
|
No. of Employees
: |
130 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 350000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. It is the company’s first year of business operation and the company
has achieved decent turnover however incurred a loss from its operations. Trade relations are reported to be improving. Business is active.
Payment terms are reported to be 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 – March 31, 2014
|
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
|
Name : |
Ms. Astha Gupta |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-124-4412666 |
|
Date : |
08.05.2014 |
LOCATIONS
|
Registered Office : |
406-A Inderaprastha Tower, 6 - Commercial
Complex, Wazirpur, New Delhi – 110052, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
Ground Floor, Plot No.88, Udyog Vihar, Phase IV, Gurgaon –
122015, Haryana, India |
|
Tel. No.: |
91-124-4412666 |
|
|
|
|
Branch Office : |
Located at : ·
Mumbai ·
Pune ·
Bangalore ·
Gujarat ·
Punjab ·
Tamilnadu |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Ramaswamy Narayan
|
|
Designation : |
Director |
|
Address : |
H. No. EO 91, EOGH 93, Shri Harihant Society, Gurgaon –
122007, Haryana, India |
|
Date of Birth/Age : |
26.01.1967 |
|
Date of Appointment : |
30.01.2012 |
|
DIN No.: |
00304905 |
|
|
|
|
Name : |
Mr. Snehashish Bhattacharjee
|
|
Designation : |
Director |
|
Address : |
J 1934 Chittranjan Park, New Delhi – 110019,
India |
|
Date of Birth/Age : |
11.01.1968 |
|
Date of Appointment : |
30.01.2012 |
|
DIN No.: |
00188864 |
|
|
|
|
Name : |
Mr. Parag Dhol |
|
Designation : |
Director |
|
Address : |
A1, Block 1, Samhit Castle Apartment, Varthur Road, Nagavarapalya, Bangalore
– 560093, Karnataka, India |
|
Date of Birth/Age : |
30.11.1968 |
|
Date of Appointment : |
29.06.2013 |
|
DIN No.: |
02641114 |
|
|
|
|
Name : |
Mr. Mahendran Balachandran |
|
Designation : |
Director |
|
Address : |
301, F Block, Raheja Residency, Koramangala, Bangalore – 560034, Karnataka, India |
|
Date of Birth/Age : |
04.12.1964 |
|
Date of Appointment : |
28.06.2013 |
|
DIN No.: |
00121640 |
|
|
|
|
Name : |
Mrs. Vani Kola |
|
Designation : |
Director |
|
Address : |
7142, Prestige Shantiniketan ITPL, Main
Road, Whitefield, Mahadevpura Post, Bangalore –
560034, Karnataka, India |
|
Date of Birth/Age : |
23.01.1964 |
|
Date of Appointment : |
19.12.2012 |
|
DIN No.: |
01827653 |
KEY EXECUTIVES
|
Name : |
Ms. Astha Gupta |
|
Designation : |
Accounts Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Equity
Shares |
|
Ramaswamy Narayan |
|
210000 |
|
Debabrata Majumdar |
|
31200 |
|
Snehashish Bhattacharjee |
|
33000 |
|
Subinder Khurana |
|
4650 |
|
Inventus Capital Partners (Maritius)
Limited, Mauritius (Series A1) |
|
136 |
|
Kalaari Capital Partners II, LLC, Mauritius
(Series A2) |
|
136 |
|
Accel India III (Mauritius) Limited, Mauritius
(Series A3) |
|
136 |
|
Inventus
Capital Partners (Maritius) Limited, Mauritius
(Series B1) |
|
71 |
|
Kalaari Capital Partners II, LLC, Mauritius
(Series B2) |
|
71 |
|
Accel India III (Mauritius) Limited, Mauritius
(Series B3) |
|
142 |
|
Kalaari Capital Partners II, LLC, Mauritius |
|
30450 |
|
|
|
|
|
Total |
|
309992 |
|
Names of Shareholders |
|
No. of
Preference Shares |
|
Inventus Capital Partners (Maritius)
Limited, Mauritius (Series A) |
|
111984 |
|
Kalaari Capital Partners II, LLC, Mauritius
(Series A) |
|
112336 |
|
Accel India III (Mauritius) Limited, Mauritius
(Series A) |
|
45467 |
|
Inventus
Capital Partners (Maritius) Limited, Mauritius
(Series B) |
|
45500 |
|
Kalaari Capital Partners II, LLC, Mauritius
(Series B) |
|
45500 |
|
Accel India III (Mauritius) Limited, Mauritius
(Series B) |
|
91000 |
|
|
|
|
|
Total |
|
451787 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
10.05 |
|
Directors or relatives of directors |
|
78.39 |
|
Other top fifty shareholders |
|
11.56 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Polymers, Metal and PVC. |
|
|
|
|
Products : |
·
High Density Polyethylene (HDPE) ·
PVC Resin ·
Linear Low-density Polyethylene (LLDPE) ·
Acrylonitrile Butadiene ·
Polypropylene |
|
|
|
|
Imports : |
|
|
Products : |
Finished Goods |
|
Countries : |
Taiwan |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
Micro Small and Medium Enterprises |
|
|
|
|
No. of Employees : |
130 (Approximately) |
|
|
|
|
Bankers : |
IDBI Bank, Dwarka Branch, Delhi, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institute : |
Bibby Financial Services (India) Private
Limited, 121, First Floor, Sector - 44, Gurgaon –
122003, Haryana, India |
|
|
|
|
Auditors : |
|
|
Name : |
Harit Saris and Associates Chartered Accountants |
|
Address : |
104, Lower Ground Floor, Pocket A-8, Kalkaji
Extension, New Delhi – 110019, India |
|
Tel. No.: |
91-11-29989703 / 04 / 41618989 |
|
Fax No.: |
91-11-29989705 |
|
E-Mail : |
|
|
PAN No.: |
AACFH4096B |
|
|
|
|
Subsidiary Company : |
Jijo India Private Limited CIN No.:U52390DL2012PTC243777 |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
701408 |
Equity Shares |
Re.1/- each |
Rs.0.701 Million |
|
498592 |
Preference Shares |
Re.1/- each |
Rs.0.499 Million |
|
|
|
|
|
|
|
Total |
|
Rs.1.200 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
|
|
309992 |
Equity Shares |
Re.1/- each |
Rs.0.310
Million |
|
|
451787 |
Preference Shares |
Re.1/- each |
Rs.0.452 Millions |
|
|
|
|
|
|
|
|
|
Total |
|
Rs.0.762 Million |
|
As on: 31.03.2013
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
136 |
“Series A1” Equity Shares |
Re.1/- each |
-- |
|
136 |
“Series A2” Equity Shares |
Re.1/- each |
-- |
|
136 |
“Series A3” Equity Shares |
Re.1/- each |
-- |
|
299592 |
“Series A” Preference Shares |
Re.1/- each |
Rs.0.300 Million |
|
700000 |
Equity Shares |
Re.1/- each |
Rs.0.700 Million |
|
|
|
|
|
|
|
Total |
|
Rs.1.000 Million |
Issued
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
309300 |
Equity Shares |
Re.1/- each |
Rs.0.309 Million |
|
136 |
“Series A1” Equity Shares |
Re.1/- each |
-- |
|
136 |
“Series A2” Equity Shares |
Re.1/- each |
-- |
|
136 |
“Series A3” Equity Shares |
Re.1/- each |
-- |
|
269787 |
“Series A” Preference Shares |
Re.1/- each |
Rs.0.270 Million |
|
|
|
|
|
|
|
Total |
|
Rs.0.579 Million |
Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
309300 |
Equity Shares |
Re.1/- each |
Rs.0.309 Million |
|
136 |
“Series A1” Equity Shares |
Re.1/- each |
-- |
|
136 |
“Series A2” Equity Shares |
Re.1/- each |
-- |
|
136 |
“Series A3” Equity Shares |
Re.1/- each |
-- |
|
269787 |
“Series A” Preference Shares |
Re.1/- each |
Rs.0.270 Million |
|
|
|
|
|
|
|
Total |
|
Rs.0.579 Million |
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
0.579 |
0.300 |
|
(b) Reserves & Surplus |
|
86.836 |
(0.032) |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
|
87.415 |
0.268 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.596 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
0.596 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
29.831 |
0.046 |
|
(c)
Other current liabilities |
|
1.239 |
0.000 |
|
(d) Short-term
provisions |
|
3.201 |
0.000 |
|
Total Current
Liabilities (4) |
|
34.271 |
0.046 |
|
|
|
|
|
|
TOTAL |
|
122.282 |
0.314 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
5.561 |
0.000 |
|
(ii)
Intangible Assets |
|
0.499 |
0.000 |
|
(iii)
Capital work-in-progress |
|
2.401 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.099 |
0.000 |
|
(c) Deferred tax
assets (net) |
|
18.371 |
0.014 |
|
(d) Long-term Loan and Advances |
|
2.589 |
0.000 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
29.520 |
0.014 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current
investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.869 |
0.000 |
|
(c)
Trade receivables |
|
46.176 |
0.000 |
|
(d) Cash
and cash equivalents |
|
41.465 |
0.300 |
|
(e)
Short-term loans and advances |
|
3.758 |
0.000 |
|
(f) Other
current assets |
|
0.494 |
|
|
Total
Current Assets |
|
92.762 |
0.300 |
|
|
|
|
|
|
TOTAL |
|
122.282 |
0.314 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
177.823 |
0.000 |
|
|
|
Other Income |
|
0.492 |
0.000 |
|
|
|
TOTAL |
|
178.315 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
236.423 |
0.011 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
(58.108) |
(0.011) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
1.354 |
0.035 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
|
(59.462) |
(0.046) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
(18.357) |
(0.014) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
|
(41.105) |
(0.032) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
(0.032) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
(41.137) |
(0.032) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
(70.93) |
(0.06) |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
640.000 |
|
|
|
|
|
The above information has been parted by Ms. Astha
Gupta (Accounts Head)
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
|
(23.05) |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
(33.44) |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
(58.63) |
(15.33) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
(0.68) |
(0.17) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth)
|
|
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
2.71 |
6.52 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
0.300 |
0.579 |
|
Reserves & Surplus |
(0.032) |
86.836 |
|
Net worth |
0.268 |
87.415 |
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
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 1 years 2 months |
Yes |
|
12] |
Profitability for last 1 years 2 months |
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 |
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 |
BACKGROUND
Subject is a company incorporated as a private limited company under the
Companies Act, 1956 on 30 January, 2012. To engage as traders, distributors, consignors,
agents, factors, stockiest for all kinds of plants, equipment, machinery,
apparatus, tools, utensils, accessories, instruments, commodities, substances,
articles in general and specific for carrying on the business of the company by
way of using IT enabled systems and web based software and including
production, storage, distribution, marketing and sale of goods.
FUTURE OUTLOOK
The company is a newly incorporated company. In the current year,
company is hopeful of achieving higher incomes and profitability barring
unforeseen circumstances.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10443503 |
23/07/2013 |
20,000,000.00 |
Bibby Financial Services (India) Private Limited |
121, FIRST FLOOR, SECTOR - 44, GURGAON, Haryana - 122003, INDIA |
B82336736 |
Note: The Registered
Office of the company has been shifted from 510, GDITL Northex
Towers, A-09, Netaji Subhash
Place, Pitampura, New Delhi - 110034, India to the
present address w.e.f. 23.10.2012
FIXED ASSETS
·
Furniture and Fixtures
·
Office Equipments
·
Computer Hardware
·
Computer Software
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.58.75 |
|
|
1 |
Rs.98.77 |
|
Euro |
1 |
Rs.80.55 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
VNK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
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 |
4 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
27 |
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.