MIRA
INFORM REPORT
|
Report Date : |
10.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
CORAL GOLD TILES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 824/25, 8-A, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
01.11.2007 |
|
|
|
|
Com. Reg. No.: |
04-052095 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.41.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26914GJ2007PTC052095 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RKTC00963E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCC2024L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacture and Exporter of Ceramic Wall Tiles. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The rating reflects moderate financial risk profile marked by low
reserve level and thin profit margin of the company. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be slow but correct. The company can be considered for business dealings with some caution.
|
NOTES:
Any query related to this report can be made on
e-mail : infodept@mirainform.com
while quoting report number, name and date.
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term Loan = BB- |
|
Rating Explanation |
Risk of default |
|
Date |
February 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Bank Guarantee = A4 |
|
Rating Explanation |
Minimal degree of safety it carry very high credit
risk |
|
Date |
February 2014 |
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. Chirag |
|
Designation : |
Marketing Department |
|
Contact No.: |
91-9978916040 |
|
Date : |
09.10.2014 |
LOCATIONS
|
Registered Office/ Factory : |
Survey No. 824/25, 8-A, National Highway, Lakhdhirpur Road, Morbi -
363642, Gujarat, India |
|
Tel. No.: |
91-2822-291376 |
|
Mobile No.: |
91-9978916040 (Mr. Chirag) |
|
Fax No.: |
91-2822-291376 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 01.07.2013
|
Name : |
Mr. Prabhulal Mavjibhai Kasundra |
|
Designation : |
Director |
|
Address : |
Manek Society, Ravapar Road, Morbi, District Rajkot - 363641, Gujarat, India |
|
Date of Birth/Age : |
21.02.1986 |
|
Date of Appointment : |
01.12.2011 |
|
DIN No.: |
00502823 |
|
|
|
|
Name : |
Mr. Ketan Prabhulal
Dalsaniya |
|
Designation : |
Director |
|
Address : |
11-Mahendrapara, Morbi, Rajkot - 363641, Gujarat, India |
|
Date of Birth/Age : |
04.01.1967 |
|
Date of Appointment : |
01.11.2007 |
|
DIN No.: |
01825260 |
|
|
|
|
Name : |
Mr. Sanjaybhai Mahadevbhai
Nesadiya |
|
Designation : |
Director |
|
Address : |
Vidyutnagar Society, Ravapar
Road, Morbi, Rajkot
- 363641,
Gujarat, India |
|
Date of Birth/Age : |
15.12.1974 |
|
Date of Appointment : |
01.04.2009 |
|
DIN No.: |
01825271 |
|
|
|
|
Name : |
Mr. Mansukh Dungarbhai
Nesadiya |
|
Designation : |
Director |
|
Address : |
Jalaram Society, Ravapar
Road, Morbi, Rajkot
- 363641,
Gujarat, India |
|
Date of Birth/Age : |
04.01.1967 |
|
Date of Appointment : |
01.04.2009 |
|
DIN No.: |
02616525 |
|
|
|
|
Name : |
Mr. Narendrabhai Pranjivanbhai
Shirvi |
|
Designation : |
Director |
|
Address : |
At. Shakat Shanala, Morbi, Shakat Shanala, Rajkot - 363641,
Gujarat, India |
|
Date of Birth/Age : |
18.01.1985 |
|
Date of Appointment : |
01.04.2009 |
|
DIN No.: |
02616923 |
|
|
|
|
Name : |
Mr. Manjibhai Mavjibhai
Kasundra |
|
Designation : |
Director |
|
Address : |
Manek Society, Ravapar
Road, Morbi, Rajkot
- 363641,
Gujarat, India |
|
Date of Birth/Age : |
21.10.1957 |
|
Date of Appointment : |
01.04.2009 |
|
DIN No.: |
02616936 |
|
|
|
|
Name : |
Mr. Brijesh Mahadevbhai
Patel |
|
Designation : |
Director |
|
Address : |
Vidyutnagar Society, Ravapar
Road, Morbi, Rajkot
- 363641,
Gujarat, India |
|
Date of Birth/Age : |
25.01.1977 |
|
Date of Appointment : |
01.04.2009 |
|
DIN No.: |
02616971 |
|
|
|
|
Name : |
Mr. Rajendra Manjibhai
Kasundra |
|
Designation : |
Director |
|
Address : |
Manek Society, Ravapar
Road, Morbi, Rajkot
- 363641,
Gujarat, India |
|
Date of Birth/Age : |
17.07.1986 |
|
Date of Appointment : |
01.04.2009 |
|
DIN No.: |
02616984 |
|
|
|
|
Name : |
Mr. Mukesh Limbabhai Kasundra |
|
Designation : |
Director |
|
Address : |
Manek Society, Ravapar
Road, Morbi, Rajkot
- 363641,
Gujarat, India |
|
Date of Birth/Age : |
24.08.1979 |
|
Date of Appointment : |
01.04.2009 |
|
DIN No.: |
02616994 |
|
|
|
|
Name : |
Mr. Pranjivan Bhadja Pragjibhai |
|
Designation : |
Director |
|
Address : |
At. Nesda Kha, Tankara, Nesda Kha, Rajkot - 363650, Gujarat,
India |
|
Date of Birth/Age : |
18.11.1973 |
|
Date of Appointment : |
01.04.2009 |
|
DIN No.: |
02624354 |
KEY EXECUTIVES
|
Name : |
Mr. Chirag |
|
Designation : |
Marketing Department |
MAJOR SHAREHOLDERS
As on 01.07.2013
|
Names of Shareholders |
|
No. of Shares |
|
Mansukh Dungarbhai Nesadiya |
|
520720 |
|
Sanjaybhai Mahadevbhai Nesadiya |
|
226000 |
|
Brijesh Mahadevbhai Patel |
|
346000 |
|
Ketan Prabhulal Dalsaniya |
|
287000 |
|
Mukesh Limbabhai Kasundra |
|
207500 |
|
Rajendra Manjibhai Kasundra |
|
278600 |
|
Babulal Narbherambhai Detroja |
|
205000 |
|
Deevjibhai Mavjibhai Kasundra |
|
123000 |
|
Pragjibhai Jerambhai Bhadja |
|
158700 |
|
Manjibhai M. Kasundra |
|
213900 |
|
Bhartbhai Manjibhai Kasundra |
|
20000 |
|
Narendra Pranjivanbhai Shinri |
|
313550 |
|
Kalpeshbhai P. Shirvi |
|
137450 |
|
Dalsukhbhai Mahadevbhai Nesadiya |
|
146000 |
|
Mansukhbhai Jasmatbhai Padsurnbiya |
|
33750 |
|
Dalsukhbhai Harjivanbhai Vidja |
|
60000 |
|
Jayesh Khodidas Makvana |
|
101200 |
|
Prabhulal Mavjibhai Kasundra |
|
167000 |
|
Pranjivanbhai Pragjibhai Bhadja |
|
46300 |
|
Truptiben Brijeshbhai Nesadiya |
|
95000 |
|
Deveshbhai Mansukhbhai Padsumbiya |
|
27750 |
|
Arvindbhai Harjivanbhai Vidja |
|
26300 |
|
Chiragbhai Mansukhbhai Nesadiya |
|
94280 |
|
Chunilal Mohanbhai Patel |
|
150000 |
|
Sureshbhai Limbabhai Kasundra |
|
70000 |
|
Sonalben Sanjaybhai Nesadiya |
|
45000 |
|
Total |
|
4100000 |
Equity Share Break up (Percentage of Total Equity)
As on 01.07.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture and Exporter of Ceramic Wall Tiles. |
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|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
UK |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Cheque |
|
|
|
|
Purchasing : |
Cash and Cheque |
GENERAL INFORMATION
|
No. of Employees : |
200 (Approximately) |
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|
Bankers : |
· Dena Bank, Trajpar Branch, Morbi - 363641, Gujarat, India · State Bank of India, Green Chowk Branch, Near Darbar Gadh,, Morbi - 363641, Gujarat, India |
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Facilities : |
Notes: LONG TERM BORROWINGS Term loan (I) from SBI, Green Chowk Branch, Morbi carries interest @ 12.65 % P.A Presently. The loan is repayable over the period of 66 months in the stipulated year-wise installments along with interest from the date of sanction subject to moratorium period of 6 months. The loan is secured by hypothecation of plant and machinery and all other fixed assets. Besides, the loan has been guaranteed by personal guarantee of the directors of the company. Term loan (II) from SBI, Green Chowk Branch, Morbi carries interest @ 12.65 % P.A Presently. The loan is repayable over the period of 50 months in the stipulated year-wise installments along with interest from the date of sanction subject to moratorium period as per sanction. The loan is secured by hypothecation of plant and machinery and all other fixed assets. Besides, the loan has been guaranteed by personal guarantee of the directors of the company. SHORT
TERM BORROWINGS Cash credit from SBl, Green Chowk Branch, Morbi is secured against hypothecation of stocks, receivables and all other present and future current assets d the Company. The cash-credit is repayable on demand and carries interest @ 12.50% P.A. Presently which is subject to change from time to time when bank change the rate |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Nanalal P. Hadial Chartered Accountants |
|
Address : |
1st floor, Shakti Complex, Near. Dr. Rupal Hospital, 16 Savsar Plot,
Morbi, Rajkot – 363641,
Gujarat, India |
|
PAN No.: |
AAHPH2014C |
CAPITAL STRUCTURE
As on 01.07.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4150000 |
Equity Shares |
Rs.10/- each |
Rs.41.500 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4100000 |
Equity Shares |
Rs.10/- each |
Rs.41.000 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 |
41.000 |
31.000 |
31.000 |
|
(b) Reserves & Surplus |
28.077 |
19.539 |
11.571 |
|
(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) |
69.077 |
50.539 |
42.571 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
100.879 |
63.958 |
26.377 |
|
(b) Deferred tax liabilities (Net) |
2.006 |
1.693 |
1.531 |
|
(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) |
102.885 |
65.651 |
27.908 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
76.804 |
50.040 |
24.149 |
|
(b) Trade payables |
88.799 |
84.304 |
93.351 |
|
(c) Other current
liabilities |
8.259 |
18.703 |
8.727 |
|
(d) Short-term provisions |
12.129 |
8.676 |
4.038 |
|
Total Current Liabilities (4) |
185.991 |
161.723 |
130.265 |
|
|
|
|
|
|
TOTAL |
357.953 |
277.913 |
200.744 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
79.123 |
85.105 |
78.094 |
|
(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 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
3.766 |
2.609 |
2.613 |
|
Total Non-Current Assets |
82.889 |
87.714 |
80.707 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
70.912 |
52.471 |
47.184 |
|
(c) Trade receivables |
141.816 |
118.847 |
59.331 |
|
(d) Cash and cash
equivalents |
14.817 |
8.977 |
5.824 |
|
(e) Short-term loans and
advances |
34.112 |
1.091 |
1.888 |
|
(f) Other current assets |
13.407 |
8.813 |
5.810 |
|
Total Current Assets |
275.064 |
190.199 |
120.037 |
|
|
|
|
|
|
TOTAL |
357.953 |
277.913 |
200.744 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
525.975 |
499.814 |
332.906 |
|
|
|
Other Income |
2.558 |
0.620 |
0.319 |
|
|
|
TOTAL |
528.533 |
500.434 |
333.225 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
504.390 |
477.337 |
315.853 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
24.143 |
23.097 |
17.372 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
12.496 |
11.518 |
7.416 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
11.647 |
11.579 |
9.956 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.610 |
3.610 |
3.043 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) AFTER
TAX |
7.037 |
7.969 |
6.913 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
1.72 |
2.57 |
2.23 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
350.000 |
The above information has been parted by Mr. Chirag
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.20 |
2.31 |
2.99 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.21 |
2.32 |
2.99 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.25 |
4.17 |
4.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.23 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.57 |
2.26 |
1.19 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.48 |
1.18 |
0.92 |
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 |
31.000 |
31.000 |
41.000 |
|
Reserves & Surplus |
11.571 |
19.539 |
28.077 |
|
Net
worth |
42.571 |
50.539 |
69.077 |
|
|
|
|
|
|
long-term borrowings |
26.377 |
63.958 |
100.879 |
|
Short term borrowings |
24.149 |
50.040 |
76.804 |
|
Total
borrowings |
50.526 |
113.998 |
177.683 |
|
Debt/Equity
ratio |
1.187 |
2.256 |
2.572 |
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 |
332.906 |
499.814 |
525.975 |
|
|
|
50.137 |
5.234 |
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
|
332.906 |
499.814 |
525.975 |
|
Profit |
6.913 |
7.969 |
7.037 |
|
|
2.08% |
1.59% |
1.34% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS NOT AVAILABLE
|
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
four 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 |
Yes |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs.
In Millions |
31.03.2012 Rs.
In Millions |
|
LONG TERM BORROWINGS |
|
|
|
From directors |
0.000 |
7.315 |
|
From others |
100.000 |
48.105 |
|
Total |
100.000 |
55.420 |
Notes:
LONG TERM BORROWINGS
Unsecured loans from directors and shareholders are repayable on demand and without any interest obligation in general unless written request received from depositor in that respect before the end of financial year. Besides, the management also believes these deposits are not required to be repaid in the next 12 months accordingly the same has been classified as long-term borrowings.
COMPANY'S
PERFORMANCE:
During the Year 2012- 13, the Company earned a net profit of Rs.7.037 Millions as against the previous year Profit of Rs.7.969 Millions. The operating revenue of current year is of Rs.525.975 Millions as against the previous year Operating revenue of Rs.499.814 Millions. With a view to conserve resources the Directors do not recommend any dividend for the financial year ended, March 31, 2013.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10490380 |
06/03/2014 * |
135,000,000.00 |
Dena Bank |
Trajpar Branch, Morbi, Gujarat - 363641, India |
C04493136 |
*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 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.61.46 |
|
|
1 |
Rs.96.69 |
|
Euro |
1 |
Rs.77.65 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
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 |
|
28 |
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.