MIRA INFORM REPORT
|
Report Date : |
04.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
SRI SAI FIBREES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shed No. D-109, Phase – I, IDA, Jeedimetla, Hyderabad – 500055, Telangana |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
21.08.1986 |
|
|
|
|
Com. Reg. No.: |
36-006710 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.975 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17119AP1986PTC006710 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Green House Equipment’s and Construction of Green
House. |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 59900 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. The management has failed to file its financial with government
department for the year 2013. As per available financial of 2012, Profitability of the company seems
to be fair. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. The concern can be considered normal for 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.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
N E W S
Verdict Implications:
Apex court order may alter coal import dynamics. Traders go slowly on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn Business Empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M a M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest Euro
100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that it had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Pandu Ranga Raju Vegesina |
|
Designation : |
Director |
|
Contact No.: |
91-9440052368 |
|
Date : |
01.11.2014 |
LOCATIONS
|
Registered Office : |
Shed No. D-109, Phase – I, IDA, Jeedimetla, Hyderabad – 500055,
Telangana, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9440052368 (Mr. Pandu Ranga Raju Vegesina) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
1-5-16/5/B/1, Musheerabad,
Hyderabad - 500020, Andhra
Pradesh , India |
|
Area : |
1350 sq.fts |
|
Location : |
Owned |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Pandu Ranga Raju Vegesina |
|
Designation : |
Director |
|
Address : |
Plot No : 29, Sirisampada Residency, Jayaberi Park, Kompally, Quthbullapur Mandal, Hyderabad –
500014, Telanagana, India |
|
Date of Birth/Age : |
15.08.156 |
|
Date of Appointment : |
21.08.1986 |
|
DIN No.: |
01621715 |
|
|
|
|
Name : |
Mr. Sreeranga Lakshmi Venkata Vegesina |
|
Designation : |
Director |
|
Address : |
Plot No : 29, Sirisampada Residency, Jayaberi Park, Kompally, Quthbullapur Mandal, Hyderabad – 500014, Telanagana, India |
|
Date of Birth/Age : |
15.11.1958 |
|
Date of Appointment : |
25.11.2001 |
|
DIN No.: |
02463627 |
MAJOR SHAREHOLDERS
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
B.V. Krishnam Raju |
|
1,800 |
|
Ch. Bangarraju |
|
2,200 |
|
Ch. Padmavathi |
|
2,300 |
|
Ch. Venkatapathi Raju |
|
2,300 |
|
D. Kumari |
|
2,500 |
|
D. Lakshmi |
|
2,200 |
|
D. Parvathi |
|
2,200 |
|
D. Thirupathi Raju |
|
2,900 |
|
G. Prasad |
|
1,250 |
|
K.B. Phaneendrudu |
|
3,100 |
|
K.M.U. Linga Prasad |
|
2,250 |
|
K.V. Prasad |
|
2,300 |
|
N. Krishna |
|
2,300 |
|
N. Lakshmi |
|
2,400 |
|
N. Satyavathi |
|
1,650 |
|
N. Subba Raju |
|
6,750 |
|
P. Lakshmi |
|
1,250 |
|
P. Phani |
|
1,850 |
|
P. Venkatapathi Raju |
|
3,100 |
|
P. Vijaya Lakshrni |
|
2,350 |
|
Sagi Appa Raju |
|
2,300 |
|
Sagiraju Annapurna |
|
1,050 |
|
Sagi Annapurna |
|
1,050 |
|
T. Satyanarayana Reddy |
|
2,750 |
|
U. Ramani |
|
2,400 |
|
V. Anasuya |
|
1,850 |
|
V. Krishnaveni |
|
4,250 |
|
V. Pandu Ranga Raju |
|
11,416 |
|
V. Sri Ranga Lakshmi |
|
8,884 |
|
V.V. Krishnam Raju |
|
5,100 |
|
Total |
|
90,000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Green House Equipment’s and Construction of Green
House. |
|
|
|
|
Terms : |
|
|
Selling : |
L/C |
|
|
|
|
Purchasing : |
L/C |
GENERAL INFORMATION
|
Suppliers : |
Shankra Infrastructure Material Limited |
|
|
|
|
Customers : |
Dupont India |
|
|
|
|
No. of Employees : |
20 (Approximately) |
|
|
|
|
Bankers : |
Punjab National Bank, Hyderabad, Telangana, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
N Prasadarao Chartered Accountant |
|
Address : |
1-10-157 1st Floor Street Ashok Nagar Hyderabad – 500020, Andhra
Pradesh-, India |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
90000 |
Equity Shares |
Rs.100/-
each |
Rs.9.000
Million |
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9753 |
Equity Shares |
Rs.100/-
each |
Rs.0.975
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
0.975 |
0.975 |
|
(b) Reserves & Surplus |
|
8.849 |
5.849 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
11.144 |
9.744 |
|
Total
Shareholders’ Funds (1) + (2) |
|
20.968 |
16.568 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
2.548 |
0.787 |
|
(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) |
|
2.548 |
0.787 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
0.000 |
0.000 |
|
(b) Trade
payables |
|
14.174 |
19.071 |
|
(c) Other
current liabilities |
|
0.092 |
0.033 |
|
(d) Short-term
provisions |
|
1.088 |
1.914 |
|
Total Current
Liabilities (4) |
|
15.354 |
21.018 |
|
|
|
|
|
|
TOTAL |
|
38.870 |
38.373 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
0.514 |
0.603 |
|
(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 |
|
17.551 |
12.898 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other
Non-current assets |
|
0.464 |
1.719 |
|
Total Non-Current
Assets |
|
18.529 |
15.220 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
2.475 |
4.750 |
|
(c) Trade
receivables |
|
5.441 |
5.533 |
|
(d) Cash
and cash equivalents |
|
9.761 |
9.196 |
|
(e)
Short-term loans and advances |
|
2.660 |
2.617 |
|
(f) Other
current assets |
|
0.004 |
1.057 |
|
Total
Current Assets |
|
20.341 |
23.153 |
|
|
|
|
|
|
TOTAL |
|
38.870 |
38.373 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.975 |
|
|
2] Share Application Money |
|
|
1.555 |
|
|
3] Reserves & Surplus |
|
|
2.010 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
4.540 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.093 |
|
|
2] Unsecured Loans |
|
|
0.133 |
|
|
TOTAL BORROWING |
|
|
0.226 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
4.766 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.436 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
6.056 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
6.401 |
|
|
Other Current Assets |
|
|
3.236 |
|
|
Loans & Advances |
|
|
12.636 |
|
Total
Current Assets |
|
|
22.273 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
|
|
23.999 |
|
|
Provisions |
|
|
|
|
Total
Current Liabilities |
|
|
23.999 |
|
|
Net Current Assets |
|
|
(1.726) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
4.766 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
70.927 |
79.669 |
28.469 |
|
|
|
Other Income |
0.697 |
0.504 |
0.372 |
|
|
|
Closing Stock |
2.475 |
4.750 |
12.636 |
|
|
|
TOTAL (A) |
74.099 |
84.923 |
41.477 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed Purchase of Stock in Trade |
30.204 |
57.388 |
2.824 |
|
|
|
Opening Stock |
4.750 |
12.636 |
0.000 |
|
|
|
Employee Benefit Expense |
4.636 |
3.021 |
0.000 |
|
|
|
Other Expenses |
31.145 |
6.125 |
36.480 |
|
|
|
TOTAL (B) |
70.735 |
79.170 |
39.304 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3.364 |
5.753 |
2.173 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.124 |
0.055 |
0.215 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.240 |
5.698 |
1.958 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.234 |
0.142 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3.006 |
5.556 |
1.958 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
0.394 |
1.718 |
1.102 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
2.612 |
3.838 |
0.856 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (Rs.) |
267.82 |
NA |
NA
|
|
|
Particulars |
|
31.03.2014 |
31.03.2013 |
|
Sales Turnover (Approximately) |
|
100.000 |
70.000 |
Expected Sales (2014-2015): Rs.120.000 Millions
The above information has been parted by Mr. Pandu Ranga Raju Vegesina
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PAT/Sales) |
(%) |
3.68 |
4.82 |
2.06 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
4.74 |
7.22 |
6.88 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.10 |
21.81 |
8.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.34 |
0.43 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.12 |
0.05 |
0.05 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.32 |
1.10 |
0.93 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2011 |
31.03.2012 |
|
|
|
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
|
0.975 |
0.975 |
|
Reserves & Surplus |
|
5.849 |
8.849 |
|
Share Application money pending allotment |
|
9.744 |
11.144 |
|
Net
worth |
|
16.568 |
20.968 |
|
|
|
|
|
|
Long Term borrowings |
|
0.787 |
2.548 |
|
Short Term borrowings |
|
0.000 |
0.000 |
|
Total
borrowings |
|
0.787 |
2.548 |
|
Debt/Equity
ratio |
|
0.048 |
0.122 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
28.469 |
79.669 |
70.927 |
|
|
|
179.845 |
-10.973 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
28.469 |
79.669 |
70.927 |
|
Profit |
0.856 |
3.838 |
2.612 |
|
|
3.01% |
4.82% |
3.68% |
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 |
Yes |
|
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 |
No |
|
18] |
Major customers |
No |
|
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 |
No |
|
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 |
Note: The registered office address of the company has been shifted from # 1-3-571/1, Kavadi Guda, Secunderabad 500080, Andhra Pradesh, India to present address 29.02.2012
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
From Directors, Shareholders and Their Relatives (Out of the unsecured leans aggregating to Rs.2.548 Millions the whole amounts is given by directors as on 31.3.12 [previous year Rs.0.787 Million]) |
2.548 |
0.787 |
|
Total |
2.548 |
0.787 |
OPERATIONS:
The Subject has made a net profit of
Rs.3.000 Millions after taxes for this year on a turnover of Rs.70.927 Millions
During the relevant year, the subject secured a very significant order from Du
Pont (India) Private Limited, a subsidiary of the requested M.N.C., namely, Du
Pont Inc, a Fortune 500 Company, against very stiff competition by quoting most
competitive rates. The Directors are also pleased to inform you that the
Subject has been able to execute the green house project by meeting the most
exacting standards of the Subject by incurring additional expenditure to meet
the required norms. Because of the successful and highly satisfactory execution
of the project, the said Subject is continuing the relationship with the
Subject.
On account of the said work, the
turnover and the profits in absolute terms have increased handsomely, though,
for the reasons qfore-mentioned, the percentage of the profit has somewhat decreased In this
scenario,the Directors are optimistic about future prospects of the Subject
Dividend:
In order to conserve resources
dividend is not proposed for the year. Auditors:
The retiring
Auditor, Sri N.Prasada Rao, Chartered Accountant, Hyderabad, is eligible for
reappointment and is proposed to be re-appointed as Auditor of the company.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90119123 |
03/05/2002 |
550,000.00 |
Andhra Bank |
R.P. Road, Secunderabad,
Andhra Pradesh, India |
- |
|
2 |
90118274 |
25/10/1990 * |
1,000,000.00 |
State Bank Of India |
Saifabad,
Hyderabad, Andhra Pradesh, India |
- |
|
3 |
90114495 |
19/04/1988 |
275,000.00 |
andhra bank |
Kothapet, Hyderabad,
Andhra Pradesh, India |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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 records 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 records 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.61.41 |
|
|
1 |
Rs.98.06 |
|
Euro |
1 |
Rs.76.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
44 |
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.