MIRA
INFORM REPORT
|
Report Date : |
21.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
CDP (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B2-603, Marathon Nextgen Innova,
Off. G.K. Marg, Lower Parel
(West), Mumbai – 400013, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation
: |
07.07.1999 |
|
|
|
|
Com. Reg. No.: |
11-120702 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.900 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72100MH1999PTC120702 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMC10372F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC42224 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Computer and Computer Peripherals and also Providing Networking
Solutions. |
|
|
|
|
No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 217000 |
|
|
|
|
Status : |
Moderate |
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|
|
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Payment Behaviour : |
Slow but correct |
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|
|
Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The company possesses a moderate financial profile marked by
acceptable networth alongwith
a stretched capital structure due to debt funded capacity expansion. Management has reported an increase in its sales volume during 2013. The ratings also take into consideration the modest scale of
operations and a low profit margin due to limited value adding nature of the
business. However, trade relations seems to be fair. Business is active. Payment
terms are reported as slow but correct. In view of experienced promoters, the subject can be considered for
business dealings with some caution. |
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|
|
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 |
ICRA |
|
Rating |
Long term fund based limit : Term Loans (B+) |
|
Rating Explanation |
Risk prone credit quality and high credit
risk. |
|
Date |
August 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term non fund based limit : Bank
Guarantee (A4) |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
August 2013 |
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. Bharati |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-22-67674600 |
|
Date : |
20.05.2014 |
LOCATIONS
|
Registered/
Corporate Office : |
B2-603, Marathon Nextgen Innova,
Off. G.K. Marg, Lower Parel
(West), Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-67674600/ 01/ 02/ 03 |
|
Fax No.: |
91-22-67674646/ 67674608 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Warehouse : |
Located at: · Vashi |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Nikesh Jalamchand
Sakaria |
|
Designation : |
Director |
|
Address : |
5, My Home Building, 3rd Floor, Raghavji
Lane, Gowalia Tank, Mumbai - 400007, Maharashtra, India |
|
Date of Birth/Age : |
25.09.1966 |
|
Date of Appointment : |
07.07.1999 |
|
DIN No.: |
01524657 |
|
|
|
|
Name : |
Mr. Jalamchand Hirachand
Sakaria |
|
Designation : |
Director |
|
Address : |
5, My Home Building, 3rd Floor, Raghavji
Lane, Gowalia Tank, Mumbai - 400007, Maharashtra, India |
|
Date of Birth/Age : |
31.08.1933 |
|
Date of Appointment : |
07.07.1999 |
|
DIN No.: |
01524660 |
|
|
|
|
Name : |
Mrs. Alka Sakaria Nikesh |
|
Designation : |
Director |
|
Address : |
5, My Home Building, 3rd Floor, Raghavji
Lane, Gowalia Tank, Mumbai - 400007, Maharashtra, India |
|
Date of Birth/Age : |
18.09.1970 |
|
Date of Appointment : |
07.07.1999 |
|
DIN No.: |
01524883 |
|
|
|
|
Name : |
Mrs. Anita Satish Sakaria |
|
Designation : |
Director |
|
Address : |
5, My Home Building, 3rd Floor, Raghavji
Lane, Gowalia Tank, Mumbai - 400007, Maharashtra, India |
|
Date of Birth/Age : |
15.08.1968 |
|
Date of Appointment : |
07.07.1999 |
|
DIN No.: |
01524893 |
|
|
|
|
Name : |
Mr. Ankitkumar Ishwarlal
Desai |
|
Designation : |
Director |
|
Address : |
602, 6th Floor, Mehul Palace, A
Wing, Opposite Bhagwati Hospital, Borivali (West), Mumbai - 400103, Maharashtra,
India |
|
Date of Birth/Age : |
21.06.1968 |
|
Date of Appointment : |
02.04.2007 |
|
PAN No.: |
AAAPD8251G |
|
DIN No.: |
02391113 |
KEY EXECUTIVES
|
Name : |
Ms. Bharati |
|
Designation : |
Accounts Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Nikesh J. Sakaria |
46000 |
46.46 |
|
Alka Sakaria Nikesh |
43000 |
43.43 |
|
Jalamchand H. Sakaria |
4990 |
5.04 |
|
Anita Satish Sakaria |
5000 |
5.05 |
|
Ankitkumar Ishwarlal Desai |
10 |
0.01 |
|
|
|
|
|
Total |
99000 |
100.00 |
%20PRIVATE%20LIMITED%20-%20268449_MIRA%2021-May-2014_files/image002.gif)
AS ON 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Computer and Computer Peripherals and also Providing
Networking Solutions. |
|
|
|
|
Agencies Held : |
Lenovo |
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|
|
|
Terms : |
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Selling : |
Cash and Advance |
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Purchasing : |
Cash and Advance |
GENERAL INFORMATION
|
Suppliers : |
Lenovo India |
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Customers : |
End Users · ICICI Bank Limited |
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No. of Employees : |
60 (Approximately) |
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Bankers : |
v Bank of India 296-296A, Shankar Seth Mansion, Tardeo Road, Nana Chowk, Mumbai
- 400007, Maharashtra, India |
||||||||||||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
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|
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|
Auditors : |
|
|
Name : |
Jain R. M. and Company Chartered Accountants |
|
Address : |
4, Krishna Bhavan, 2nd Hasanabad
Lane, Santacruz (West), Mumbai – 400069, Maharashtra, India |
|
Tel. No.: |
91-22-66973797 |
|
Mobile No.: |
91-9821137267 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAGPJ7388C |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
99,000 |
Equity Shares |
Rs. 100/- each |
Rs. 9.900 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
99,000 |
Equity Shares |
Rs. 100/- each |
Rs. 9.900 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 |
9.900 |
9.900 |
9.900 |
|
(b) Reserves & Surplus |
44.472 |
34.224 |
27.438 |
|
(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) |
54.372 |
44.124 |
37.338 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
69.518 |
74.481 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
2.462 |
1.264 |
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) |
71.980 |
75.745 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
173.557 |
78.280 |
29.895 |
|
(b)
Trade payables |
63.046 |
44.397 |
49.920 |
|
(c) Other
current liabilities |
9.555 |
6.289 |
3.567 |
|
(d) Short-term
provisions |
3.737 |
5.493 |
4.088 |
|
Total Current
Liabilities (4) |
249.895 |
134.459 |
87.470 |
|
|
|
|
|
|
TOTAL |
376.247 |
254.328 |
124.808 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible assets |
97.801 |
103.691 |
0.942 |
|
(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) |
0.000 |
0.000 |
0.032 |
|
(d) Long-term Loan and Advances |
0.030 |
0.044 |
0.044 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
97.831 |
103.735 |
1.018 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
41.251 |
28.231 |
20.937 |
|
(c)
Trade receivables |
123.510 |
105.713 |
94.388 |
|
(d) Cash
and cash equivalents |
107.279 |
11.567 |
3.085 |
|
(e)
Short-term loans and advances |
3.570 |
4.782 |
5.322 |
|
(f)
Other current assets |
2.806 |
0.300 |
0.058 |
|
Total
Current Assets |
278.416 |
150.593 |
123.790 |
|
|
|
|
|
|
TOTAL |
376.247 |
254.328 |
124.808 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
772.856 |
509.859 |
432.511 |
|
|
|
Other Income |
20.078 |
19.747 |
10.696 |
|
|
|
TOTAL (A) |
792.934 |
529.606 |
443.207 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of stock in trade |
708.142 |
468.543 |
403.016 |
|
|
|
Changes in inventories of finished goods |
(13.854) |
(7.793) |
(3.456) |
|
|
|
Employee benefit expenses |
17.761 |
13.476 |
10.210 |
|
|
|
Administrative and Other Operating
Expenses |
37.976 |
24.989 |
18.596 |
|
|
|
TOTAL (B) |
750.025 |
499.215 |
428.366 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
42.909 |
30.391 |
14.841 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
20.515 |
12.248 |
1.938 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
22.394 |
18.143 |
12.903 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7.297 |
7.598 |
0.309 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
15.097 |
10.545 |
12.594 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.849 |
3.759 |
4.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
10.248 |
6.786 |
8.294 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods calculated on FOB Value |
483.836 |
45.085 |
0.000 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Traded Goods |
470.039 |
92.103 |
0.000 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
103.51 |
68.55 |
83.78 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
900.000 |
|
|
|
|
|
The above information has been parted by Ms. Bharati
(Accounts Head)
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.29
|
1.28 |
1.87 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.95
|
2.07 |
2.91 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.01
|
4.15 |
10.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28
|
0.24 |
0.34 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
4.47
|
3.46 |
0.80 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11
|
1.12 |
1.42 |
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 |
9.900 |
9.900 |
9.900 |
|
Reserves & Surplus |
27.438 |
34.224 |
44.472 |
|
Net
worth |
37.338 |
44.124 |
54.372 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
74.481 |
69.518 |
|
Short term borrowings |
29.895 |
78.280 |
173.557 |
|
Total
borrowings |
29.895 |
152.761 |
243.075 |
|
Debt/Equity
ratio |
0.801 |
3.462 |
4.471 |
%20PRIVATE%20LIMITED%20-%20268449_MIRA%2021-May-2014_files/image004.gif)
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 |
432.511 |
509.859 |
772.856 |
|
|
|
17.883 |
51.582 |
%20PRIVATE%20LIMITED%20-%20268449_MIRA%2021-May-2014_files/image006.gif)
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 |
432.511 |
509.859 |
772.856 |
|
Profit |
8.294 |
6.786 |
10.248 |
|
|
1.92% |
1.33% |
1.33% |
%20PRIVATE%20LIMITED%20-%20268449_MIRA%2021-May-2014_files/image008.gif)
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
CURRENT MATURITIES
OF LONG TERM DEBT: NOT AVAILABLE
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10434442 |
24/05/2013 |
20,000,000.00 |
BANK OF INDIA |
296-296A, SHANKAR SETH MANSION, NANA CHOWK, MUMBAI - 400007, MAHARASHTRA, INDIA |
B78548500 |
|
2 |
10304743 |
24/05/2013 * |
220,000,000.00 |
BANK OF INDIA |
296-296A, SHANKAR SETH MANSION, NANA CHOWK, MUMBAI - 400007, MAHARASHTRA, INDIA |
B78557246 |
|
3 |
10304761 |
26/07/2011 |
6,000,000.00 |
BANK OF INDIA |
STAR HOUSE, C-5 , G BLOCK, BANDRA -KURLA COMPLEX, BANDRA (E), NANA CHOWK BRANCH, MUMBAI - 400051, MAHARASHTRA, INDIA |
B19853571 |
|
4 |
10304766 |
26/07/2011 |
70,000,000.00 |
BANK OF INDIA |
STAR HOUSE, C-5 , G BLOCK, BANDRA -KURLA COMPLEX, BANDRA (E), NANA CHOWK BRANCH, MUMBAI - 400051, MAHARASHTRA, INDIA |
B19855972 |
|
5 |
90144946 |
21/05/2013 * |
120,000,000.00 |
BANK OF INDIA |
296-296A, SHANKAR SETH MANSION, NANA CHOWK, MUMBAI - 400007, MAHARASHTRA, INDIA |
B78540648 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs. In Millions) |
31.03.2012 (Rs. In Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
Directors Loan |
27.800 |
22.452 |
|
|
|
|
|
Total |
27.800 |
22.452 |
CHANGE OF ADDRESS:
The registered office of the company has been shifted from 299, Shantashram Building, Tardeo
Road, Nana Chowk, Mumbai - 400007, Maharashtra, India to the present w.e.f.02.05.2012.
OPERATIONS:
The Director have increased the sales of the company
substantially In spite of tough competition faced by the company. Similarly the
company has increased its share of other income. The company will endeavor its
best in the coming years to enhance the business of the company.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2013 (Rs. In Millions) |
31.03.2012 (Rs. In Millions) |
|
a) Fringe Benefits Tax Demand Disputed by the Company |
0.020 |
0.020 |
|
b) Bank Guarantees |
185.446 |
1.469 |
|
c) Demand raised by Income Tax Dept on account of TDS and
Interest on same |
0.032 |
0.000 |
|
|
|
|
|
Total |
185.498 |
1.489 |
TRADE REFERENCES:
· Lenovo India
ICICI
Bank Limited
FIXED ASSETS:
·
Office Premises
Air
Conditioners
Computers
EPABX
Furniture
and Fixture
Machinery
Vehicles
Office
Equipment
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. 80.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.