MIRA
INFORM REPORT
|
Report Date : |
06.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
TOSHVIN ANALYTICAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
103, S.J. House, Inside Sitaram Mills
Compound, N. M. Joshi Marg, Lower Parel, Mumbai - 400011, Maharashtra |
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|
Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
31.12.2001 |
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Com. Reg. No.: |
11-134376 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.890 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U33125MH2001PTC134376 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT07636G |
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|
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PAN No.: [Permanent Account No.] |
AABCT4482D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Importer of Analytical Instruments, GC, HPLC Columns. |
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|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1500000 |
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|
|
Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Rating reflects sound financial risk profile marked by decent
liquidity position of the company. Trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitment. The company can be considered for business dealing 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 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 DENIED BY
|
Name : |
Mr. Vivek Parulekar
|
|
Designation : |
Senior Manager Finance and Administration |
|
Contact No.: |
91-9323795209 |
|
Date : |
04.10.2014 |
LOCATIONS
|
Registered / Corporate Office : |
103, S.J. House, Inside Sitaram Mills
Compound, N. M. Joshi Marg, Lower Parel, Mumbai - 400011, Maharashtra,
India |
|
Tel. No.: |
91-22-23015096 / 97 |
|
Mobile No.: |
91-9323795209 (Mr. Vivek Parulekar) |
|
Fax No.: |
91-22-23013592 |
|
E-Mail : |
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|
Website : |
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|
Area : |
3750 Sq. ft. |
|
Location : |
Rented |
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|
|
|
Regional Office: |
2-A, Kirti Towers, Near Kirti Mandir, Tilak Road, Baroda - 390 001, Gujarat, Maharashtra, India |
|
Tel. No.: |
91-265-2421820 / 2422768 |
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Fax No.: |
91-265-2428057 |
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E-Mail : |
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Branch Offices : |
Also Located at: ·
Ahmedabad ·
Bangalore ·
Chandigarh ·
Chennai ·
Cochin ·
Goa ·
Hyderabad ·
Kolkata ·
New Delhi ·
Pune |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Nakul Toshniwal
|
|
Designation : |
Chairman cum Managing Director |
|
Address : |
Champagne House, 2nd Floor, 69, Worli
Sea Face, Worli, Mumbai-400030, Maharashtra,
India |
|
Date of Birth/Age : |
10.01.1975 |
|
Date of Appointment : |
01.10.2004 |
|
DIN No.: |
00350112 |
|
|
|
|
Name : |
Ms. Annuradha Toshniwal
|
|
Designation : |
Director |
|
Address : |
Champagne House, 2nd Floor, 69, Worli
Sea Face, Worli, Mumbai-400030, Maharashtra,
India |
|
Date of Birth/Age : |
04.07.1951 |
|
Date of Appointment : |
12.08.2004 |
|
DIN No.: |
00350208 |
|
|
|
|
Name : |
Mr. Manoj Mahabaleshwar
Kantak |
|
Designation : |
Whole Time Director |
|
Address : |
A 12, Naneet Co-Operative Housing Society,
352, Dinanath Terrace, Shimpoli,
Borivali (West), Mumbai-400092, Maharashtra,
India |
|
Date of Birth/Age : |
10.02.1966 |
|
Date of Appointment : |
03.09.2010 |
|
DIN No.: |
03303064 |
|
|
|
|
Name : |
Mr. Manish Pandit |
|
Designation : |
Director |
|
Address : |
H 604, Ekta Bhoomi
Gardens, Rajendra Nagar, Borivali (East), Mumbai-400066, Maharashtra,
India |
|
Date of Birth/Age : |
03.05.1956 |
|
Date of Appointment : |
13.01.2011 |
|
DIN No.: |
00282323 |
KEY EXECUTIVES
|
Name : |
Mr. Vivek Parulekar
|
|
Designation : |
Senior Manager Finance and Administration |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Nakul Toshniwal |
|
2000 |
|
Annuradha Toshniwal |
|
5650 |
|
Rachna Trust, India |
|
1250 |
|
|
|
|
|
Total |
|
8900 |
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 : |
Importer of Analytical Instruments, GC, HPLC Columns. |
GENERAL INFORMATION
|
Customers : |
PHARMACEUTICAL ·
Cipla ·
Lupin ·
Micro Labs Group ·
Dr. Reddy's Laboratories UNIVERSITIES AND ACADEMIC INSTITUTES ·
Anna University ·
Birla Institute of Technology & Science ·
Delhi University RESEARCH INSTITUTES AND LABORATORIES ·
Central Food Technology Research Institute ( CFTRI) ·
GE Technical Centre ·
Indian Institute of Technology (IITs) CHEMICAL ·
BASF ·
Bilag Industries ·
Colourtex |
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No. of Employees : |
Not Divulged |
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Bankers : |
· HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India · Bank of Baroda, Backbay Rec. Branch, Ram Mahal, Mumbai, Maharashtra, India |
|||||||||||||||
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|||||||||||||||
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Facilities : |
(Rs. In Millions)
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|
|
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Banking
Relations : |
-- |
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|
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Auditors : |
|
|
Name : |
G. M. Kapadia and Company Chartered Accountants |
|
Address : |
Tamarind House, 36B, Tamarind Lane, Fort, Mumbai-400001, Maharashtra, India |
|
Tel. No.: |
91-22-66775555 |
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Fax No.: |
91-22-66775500 |
|
PAN No.: |
AAAFG4713G |
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|
|
|
Enterprises under control or significant influence of individuals
stated above : |
·
Toshvin Techtrade Private Limited ·
Rachna Trust ·
Shri Vinay Toshniwal Memorial Trust
·
Vinay Toshniwal HUF |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000 |
Equity Shares |
Rs.100/- each |
Rs. 2.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8900 |
Equity Shares |
Rs.100/- each |
Rs. 0.890
Million |
|
|
|
|
|
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 |
0.890 |
1.075 |
1.075 |
|
(b) Reserves & Surplus |
387.155 |
363.711 |
298.239 |
|
(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) |
388.045 |
364.786 |
299.314 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
3.207 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
3.887 |
4.555 |
5.143 |
|
(c) Other long
term liabilities |
0.386 |
0.386 |
0.386 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
7.480 |
4.941 |
5.529 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
10.525 |
10.347 |
12.691 |
|
(b)
Trade payables |
56.594 |
42.930 |
46.487 |
|
(c)
Other current liabilities |
59.565 |
41.999 |
48.571 |
|
(d) Short-term
provisions |
0.000 |
2.187 |
0.735 |
|
Total Current
Liabilities (4) |
126.684 |
97.463 |
108.484 |
|
|
|
|
|
|
TOTAL |
522.209 |
467.190 |
413.327 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible assets |
53.022 |
40.947 |
44.201 |
|
(ii)
Intangible Assets |
0.676 |
1.117 |
0.318 |
|
(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 |
251.193 |
248.333 |
67.022 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
47.142 |
50.245 |
33.988 |
|
(e) Other
Non-current assets |
17.556 |
1.753 |
0.000 |
|
Total Non-Current
Assets |
369.589 |
342.395 |
145.529 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.220 |
0.138 |
0.000 |
|
(b)
Inventories |
32.078 |
22.815 |
22.924 |
|
(c)
Trade receivables |
65.402 |
58.467 |
46.226 |
|
(d) Cash
and cash equivalents |
34.739 |
21.882 |
53.291 |
|
(e)
Short-term loans and advances |
19.398 |
21.109 |
12.532 |
|
(f)
Other current assets |
0.783 |
0.384 |
132.825 |
|
Total
Current Assets |
152.620 |
124.795 |
267.798 |
|
|
|
|
|
|
TOTAL |
522.209 |
467.190 |
413.327 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
434.180 |
417.786 |
418.565 |
|
|
|
Other Income |
50.378 |
21.004 |
18.662 |
|
|
|
TOTAL (A) |
484.558 |
438.790 |
437.227 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
154.191 |
149.569 |
151.865 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(9.263) |
0.109 |
(7.285) |
|
|
|
Employees benefits expense |
114.785 |
100.487 |
78.904 |
|
|
|
Other expenses |
109.081 |
85.486 |
80.776 |
|
|
|
Prior Period Items |
(4.339) |
0.000 |
0.406 |
|
|
|
TOTAL (B) |
364.455 |
335.651 |
304.666 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
120.103 |
103.139 |
132.561 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.045 |
2.489 |
3.155 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
118.058 |
100.650 |
129.406 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
8.668 |
8.096 |
8.471 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
109.390 |
92.554 |
120.935 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
23.232 |
27.082 |
37.841 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
86.158 |
65.472 |
83.094 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
248.898 |
193.426 |
166.699 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
10.000 |
10.000 |
15.000 |
|
|
|
Dividend |
0.000 |
0.000 |
35.476 |
|
|
|
Tax on Dividend |
0.000 |
0.000 |
5.891 |
|
|
BALANCE CARRIED
TO THE B/S |
325.056 |
248.898 |
193.426 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Commission Earnings |
168.091 |
146.521 |
185.101 |
|
|
TOTAL EARNINGS |
168.091 |
146.521 |
185.101 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Instruments |
114.898 |
114.226 |
110.658 |
|
|
|
Capital Goods |
3.820 |
0.329 |
0.000 |
|
|
TOTAL IMPORTS |
118.718 |
114.555 |
110.658 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.68 |
6.09 |
7.73 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
17.78 |
14.92 |
19.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
25.19 |
22.15 |
28.89 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
40.36 |
42.29 |
34.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28 |
0.25 |
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth)
|
|
0.04 |
0.03 |
0.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.20 |
1.28 |
2.47 |
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 |
1.075 |
1.075 |
0.890 |
|
Reserves & Surplus |
298.239 |
363.711 |
387.155 |
|
Net worth |
299.314 |
364.786 |
388.045 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
3.207 |
|
Short term borrowings |
12.691 |
10.347 |
10.525 |
|
Total borrowings |
12.691 |
10.347 |
13.732 |
|
Debt/Equity ratio |
0.042 |
0.028 |
0.035 |
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 |
418.565 |
417.786 |
434.180 |
|
|
|
-0.186 |
3.924 |
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 |
418.565 |
417.786 |
434.180 |
|
Profit |
83.094 |
65.472 |
86.158 |
|
|
19.85% |
15.67% |
19.84% |
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 |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
(Rs. In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
SHORT TERM
BORROWINGS |
|
|
|
Loan from directors |
1.077 |
0.385 |
|
Loan from shareholders |
1.582 |
1.024 |
|
Others |
7.866 |
8.938 |
|
|
|
|
|
Total |
10.525 |
10.347 |
PERFORMANCE
The Directors wish to report that the sales and other income of the Company for the period were Rs. 198.400 millions and Rs. 232.600 millions respectively. Income from the Power Division was Rs. 3.100 millions during the year. There was a reduction of approximately 0.29% in the Sales of Products over the last year. While the Service Income reduced from Rs. 68.900 millions in the earlier year to Rs. 64.500 millions for the year under report, Commission Income increased from Rs. 146.500 millions of the earlier year to Rs. 168.100 millions. Net profit, after providing Rs. 8.700 millions for depreciation and Rs. 23.300 millions for taxation, stood at Rs. 86.100 millions as compared to a net profit of Rs. 65.500 millions in the earlier year.
Note: Registered office
of the company has been shifted from 198, Jashedji Tata Road, Mumbai - 400020, Maharashtra,
India to the present address w.e.f. 01.07.2006.
INDEX OF CHARGES
|
S.No |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
80030179 |
06/12/2013 * |
32,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B91008086 |
* Date of charge modification
FIXED ASSETS
·
Computers
·
Plant and Machinery
·
Furniture and Fittings
·
Testing Equipment
·
Electrical Equipment’s
·
Office Equipment’s
·
Vehicles
·
Leasehold Land
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 : |
PRT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
49 |
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.