MIRA
INFORM REPORT
|
Report Date : |
06.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
RAJ PROCESS EQUIPMENTS AND SYSTEMS PRIVATE LIMITED |
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Registered
Office : |
Plot No. 167, Sector-7, PCNTDA, Bhosari, Pune – 411 026, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
07.02.2003 |
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Com. Reg. No.: |
25-017672 |
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Capital Investment
/ Paid-up Capital : |
Rs. 150.000
Millions |
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CIN No.: [Company Identification
No.] |
U29299PN2003PTC017672 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNER06704F |
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PAN No.: [Permanent Account No.] |
AACCR7924F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Fabrication, Trading and Manufacturing of Special Purpose Machines and
Process Equipments. |
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No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 1300000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company having satisfactory track record.
The company has recorded a better increase in its sales turnover and profit
during the year 2013. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. The company 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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow 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. Rajendra Gandhi |
|
Designation : |
Director |
|
Contact No.: |
91-9373544415 |
|
Date : |
02.10.2014 |
LOCATIONS
|
Registered Office : |
Plot No. 167, Sector-7, PCNTDA, Bhosari, Pune – 411 026, |
|
Tel. No.: |
91-20-27119973/ 24145/ 27124177/ 27124876 |
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Mobile No.: |
91-9373544415 (Mr. R Gandhi) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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|
Area: |
10000 sq. ft |
|
Location : |
Rented |
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Head Office : |
Jai Ganesh Vision, B Wing, 3rd Floor, Akurdi,
Pune – 411 035, |
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Tel. No.: |
91-20-40710010/ 40710005/ 40710006/ 40710011/ 27122145/ 27119973/ 27124876 |
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Fax No.: |
91-20-40710009 |
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E-Mail : |
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Location : |
Owned |
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Factory 1 : |
Plot No. 166 and 167, Sector-7, PCNTDA, Bhosari, Pune – 411 026, |
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Factory 2 : |
Sr. No. 373, Village Kharabwadi, Chakan, Taluka Khed,
District Pune, |
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Tel. No.: |
91-2135-252251/ 255654 |
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Factory 3 : |
Plot No. I-14, SEZ, Village Nimgaon, Taluka Khed, District Pune, |
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Factory 4 : |
Gat No. 530, Village-Ahire, Taluka-Khandala, District Satara, |
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Regional Office 1 : |
Flat No. 205, |
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Regional Office 2 : |
303, Ravish Complex, 3rd |
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Regional Office 3 : |
Unit No. FF-47, 1st Floor, Omaxe Square Jasola District
Centre, |
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Regional Office 4 : |
First Floor, Plot No. 33/15, |
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Marketing
Representatives – International : |
Located at: ·
·
·
·
·
·
|
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Anilraj Vasant Pise |
|
Designation : |
Managing Director |
|
Address : |
Flat No. 4, Murlidhar Apartments, 370, Shaniwar Peth, Pune – 411 030, |
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Date of Birth/Age : |
18.06.1974 |
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Date of Appointment : |
07.02.2004 |
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PAN No.: |
ABNPP0266H |
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DIN No. : |
00324870 |
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|
|
Name : |
Mr. Vasant Eknath Pise |
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Designation : |
Director |
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Address : |
Eknath Pise, At / Post Varkute Malwadi, Man, Satara – 415 509,
Maharashtra, India |
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Date of Birth/Age : |
01.10.1943 |
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Date of Appointment : |
07.02.2004 |
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PAN No.: |
ACGPP2645E |
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DIN No. : |
00349564 |
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Name : |
Mr. Vijayraj Vasant Pise |
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Designation : |
Director |
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Address : |
At / Post Varkute Malwadi, Man, Satara – 415 509, |
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Date of Birth/Age : |
03.06.1972 |
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Date of Appointment : |
13.07.2005 |
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PAN No.: |
AJDPP2014P |
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DIN No. : |
00349645 |
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|
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Name : |
Mr. Mohan Govind Choudhari |
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Designation : |
Director |
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Address : |
201, Viola Survey No.118/C-5, Near Cipla Foundation, Warje, Kothrud,
Pune – 411 052, |
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Date of Birth/Age : |
18.11.1973 |
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Date of Appointment : |
06.11.2005 |
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DIN No. : |
00325003 |
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|
Name : |
Mr. Yogesh Kamre |
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Designation : |
Director |
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Date of Birth/Age : |
30 Years |
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Name : |
Mr. Sanket Meher |
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Designation : |
Director |
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Name : |
Mr. Rajendra Gandhi |
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Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Anuj Supriya Purwar |
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Designation : |
Secretary |
|
Address : |
G 04, Mayur Panorama, Nehrunagar, Pimpri, Pune – 411018, Maharashtra,
India |
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Date of Birth/Age : |
01.08.1982 |
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Date of Appointment : |
03.12.2012 |
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PAN No.: |
AZIPK1593K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Anilraj Vasant Pise |
8250045 |
55.00 |
|
Vasant Eknath Pise |
2250045 |
15.00 |
|
Vijayraj Vasant Pise |
4499910 |
30.00 |
|
Total |
15000000 |
100.00 |
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 : |
Fabrication, Trading and Manufacturing of Special Purpose Machines and
Process Equipments. |
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Products : |
Drying System
Mixers
Evaporators
Other Equipment
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Exports : |
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Products : |
Engineering Goods and Equipments |
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Countries : |
·
·
·
·
·
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
400 (Approximately) |
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Bankers : |
·
The Saraswat Co-Operative Bank Limited, C-2, Kohinoor
Estate Co-Operative Housing Society, Plot No. 12, ·
The Saraswat Co-Operative Bank Limited, 2nd
Floor, Above F.C. Road Branch, Ganeshwadi, Opposite Hotel Vaishali Shivaji
Nagar, Pune – 411 004, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
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Auditors : |
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Name : |
M.M. Sancheti and Company Chartered Accountants |
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Address : |
Office No. F Audumbar Vihar Society (B )Shridhar Nagar,
Link Road,Opposite Darshan Hall,Chinchwad, Pune, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ABYPS7415A |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs. 10/- each |
Rs. 150.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs. 10/- each |
Rs. 150.000 Millions |
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|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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|
|
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I.
EQUITY AND LIABILITIES |
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|
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|
(1)Shareholders' Funds |
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(a) Share Capital |
150.000 |
100.000 |
42.000 |
|
(b) Reserves & Surplus |
160.164 |
106.975 |
93.886 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
12.500 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
322.664 |
206.975 |
135.886 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
206.761 |
85.988 |
135.282 |
|
(b) Deferred tax liabilities
(Net) |
8.576 |
1.934 |
0.856 |
|
(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) |
215.337 |
87.922 |
136.138 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
233.686 |
153.680 |
0.000 |
|
(b) Trade payables |
359.457 |
201.764 |
93.366 |
|
(c) Other current liabilities |
33.717 |
23.361 |
13.589 |
|
(d) Short-term provisions |
70.142 |
50.049 |
49.856 |
|
Total
Current Liabilities (4) |
697.002 |
428.854 |
156.811 |
|
|
|
|
|
|
TOTAL |
1235.003 |
723.751 |
428.835 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
439.352 |
171.834 |
91.028 |
|
(ii) Intangible Assets |
0.308 |
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 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
439.660 |
171.834 |
91.028 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.025 |
0.025 |
0.025 |
|
(b) Inventories |
270.475 |
131.111 |
90.828 |
|
(c) Trade receivables |
439.695 |
358.101 |
203.363 |
|
(d) Cash and cash equivalents |
23.886 |
12.456 |
6.025 |
|
(e) Short-term loans and
advances |
28.255 |
28.108 |
29.961 |
|
(f) Other current assets |
33.007 |
22.116 |
7.605 |
|
Total
Current Assets |
795.343 |
551.917 |
337.807 |
|
|
|
|
|
|
TOTAL |
1235.003 |
723.751 |
428.835 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Turnover |
929.685 |
628.365 |
448.122 |
|
|
Other Income |
NA |
NA |
NA |
|
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TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
182.025 |
114.72 |
88.147 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
24.751 |
9.349 |
9.788 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
157.274 |
105.371 |
78.359 |
|
|
|
|
|
|
|
Less |
TAX |
47.443 |
33.204 |
18.085 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
109.831 |
72.167 |
60.274 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
7.32 |
7.22 |
14.35 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.73 |
14.56 |
18.27 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.49 |
0.51 |
0.58 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.37 |
1.16 |
1.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.14 |
1.29 |
2.15 |
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 |
42.000 |
100.000 |
150.000 |
|
Reserves & Surplus |
93.886 |
106.975 |
160.164 |
|
Net
worth |
135.886 |
206.975 |
310.164 |
|
|
|
|
|
|
long-term borrowings |
135.282 |
85.988 |
206.761 |
|
Short term borrowings |
0.000 |
153.680 |
233.686 |
|
Total
borrowings |
135.282 |
239.668 |
440.447 |
|
Debt/Equity
ratio |
0.996 |
1.158 |
1.420 |
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) |
|
Turnover |
448.122 |
628.365 |
929.685 |
|
|
|
40.222 |
47.953 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Turnover |
448.122 |
628.365 |
929.685 |
|
Profit |
60.274 |
72.167 |
109.831 |
|
|
13.45% |
11.48% |
11.81% |
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 |
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 |
NOTE: The Registered Office
of the company has been shifted from 370, Muralidhar Apartments, Shaniwar Peth,
Pune - 411 030, Maharashtra, India to the present address w.e.f. 10.08.2007.
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from directors |
0.000 |
9.076 |
|
Total |
0.000 |
9.076 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10507054 |
20/06/2014 |
2,102,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C09903311 |
|
2 |
10522247 |
31/12/2013 |
799,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C22339618 |
|
3 |
10522249 |
31/12/2013 |
1,930,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C22340723 |
|
4 |
10473311 |
28/12/2013 |
20,400,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED. |
C-2 KOHINOOR ESTATE
CO-OPERATIVE HOUSING SOCIETY, |
B94630597 |
|
5 |
10473312 |
28/12/2013 |
54,600,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED. |
C-2 KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY, PLOT NO 12 MULA ROAD SANGAMWADI, PUNE, MAHARASHTRA - 411003, INDIA |
B94630902 |
|
6 |
10446531 |
06/08/2013 |
36,000,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
ONE FORBES,, DR. V.
B. GANDHI MARG, FORT, MUMBAI, |
B83772178 |
|
7 |
10430365 |
10/06/2013 |
1,718,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B76830595 |
|
8 |
10401562 |
25/03/2013 * |
2,400,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY, PLOT NO. 12, MULA ROAD, SANGAMWADI, PUNE, MAHARASHTRA - 411003, INDIA |
B73021834 |
|
9 |
10402208 |
01/06/2013 * |
2,400,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY, PLOT NO. 12, MULA ROAD, SANGAMWADI, PUNE, MAHARASHTRA - 411003, INDIA |
B77115913 |
|
10 |
10402202 |
22/01/2013 |
31,500,000.00 |
THE SARASWAT CO-OP. BANK LIMITED |
C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY, PLOT NO. 12, MULA ROAD, SANGAMWADI, PUNE, MAHARASHTRA - 411003, INDIA |
B67784629 |
* Date of charge modification
FIXED ASSETS:
Tangible assets
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
Intangible assets
· Patents
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.61.75 |
|
|
1 |
Rs.100.07 |
|
Euro |
1 |
Rs.77.95 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.