MIRA INFORM REPORT
|
Report Date : |
16.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
NEOTERIC INFOMATIQUE LIMITED (w.e.f. 25.02.2008) |
|
|
|
|
Formerly Known
As : |
NEOTERIC INFOMATIQUE PRIVATE LIMITED (w.e.f. May 2002) NEOTERIC INFOMATIQUE LIMITED (w.e.f. 01.07.2000) NEOTERIC INFOMATIQUE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No. U0201, Floor – 2, Plot – 249, A Wing, Matulya Centre,
Senapati Bapat Marg, Lower Parel, Mumbai – 400013, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
21.03.1997 |
|
|
|
|
Com. Reg. No.: |
11-106787 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.114.540 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30007MH1997PLC106787 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMN05580B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACN3140K |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader, Dealer and Distributor of Computer Peripherals,
Scanners, Casting, Monitors, etc. |
|
|
|
|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The company has reported a loss from its operations during FYE March
2013. However, trade relations seem to be fair. Business is active. Payment
terms are reported as slow. The company can be considered for business dealings with great
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.
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. Roa |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-40859616 |
|
Date : |
15.10.2014 |
LOCATIONS
|
Registered Office : |
Unit No. U0201, Floor – 2, Plot – 249, A Wing, Matulya Centre,
Senapati Bapat Marg, Lower Parel, Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-40859616 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Paras H Shah |
|
Designation : |
Managing director |
|
Address : |
1402, Rajul Apartment, 9, Harkness Road, Mumbai – 400006, Maharashtra,
India |
|
Qualification : |
Computer Engineer from Case Western Reserve University,
USA |
|
Date of Appointment : |
01.12.2010 |
|
DIN No. : |
00151509 |
|
|
|
|
Name : |
Mr. Harshad D Shah |
|
Designation : |
Whole–time director |
|
Address : |
1402, Rahul Apartment, 9, Harkness Road, Mumbai – 400006, Maharashtra,
India |
|
Qualification : |
Intermediate |
|
Date of Appointment : |
01.01.2012 |
|
DIN No. : |
00151651 |
|
|
|
|
Name : |
Mr. Satya Prasan Rajguru |
|
Designation : |
Director |
|
Address : |
6/11, Sarvapriya Vihar, New Delhi – 110016, India |
|
Qualification : |
Business and Law Graduate |
|
Date of Appointment : |
21.10.2005 |
|
DIN No. : |
00865254 |
|
|
|
|
Name : |
Mr. Srinivasan Ramswamy |
|
Designation : |
Director |
|
Address : |
B-703/704, Suresh Smruti, Prathmesh Complex, Veera Desai Road, Andheri
(West), Mumbai, Maharashtra, India |
|
Qualification : |
MBA |
|
Date of Appointment : |
01.03.2006 |
|
DIN No. : |
02019206 |
|
|
|
|
Name : |
Mr. Hemant Nerurkar |
|
Designation : |
Director |
|
Address : |
5, Swapan Lok Darshan, Military Road, Marol, Mumbai – 400059,
Maharashtra, India. |
|
Qualification : |
Master of Science in Electrical Engineering |
|
Date of Appointment : |
29.11.2008 |
|
DIN No. : |
00627401 |
|
|
|
|
Name : |
Mr. Jayant Rastogi |
|
Designation : |
Director |
|
Address : |
Flat No. 1403, 14th Floor, Greenwood, Hiranandani Estate, Pokhran GB
Road, Thane (West) – 400607, Maharashtra, India |
|
Qualification : |
B. E. (Mech.) |
|
Date of Appointment : |
01.03.2006 |
|
DIN No. : |
02129608 |
KEY EXECUTIVES
|
Name : |
Mr. Roa |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
As on 30.09.2013
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
8.03 |
|
Directors or relatives of Directors |
91.68 |
|
Other top fifty shareholders |
0.29 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Dealer and Distributor of Computer Peripherals,
Scanners, Casting, Monitors, etc. |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information denied by management |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Chaturvedi Sohan and company Chartered Accountants |
|
Address : |
320, Tulsiani Chambers 212, Free Press Journal Marg, Nariman Point,
Mumbai – 400021, India |
|
PAN No.: |
AABFC7158A |
|
|
|
|
Subsidiary Company
: |
|
|
|
|
|
Others : |
CIN No.: U72300MH2012PTC231222
CIN No.: U74999MH2006PTC162498 |
CAPITAL STRUCTURE
After 30.09.2013
Authorised Capital : Rs.180.000 Millions
Issued, Subscribed & Paid-up Capital : Rs.125.904
Millions
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18000000 |
Equity Shares |
Rs.10/- each |
Rs.180.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11454075 |
Equity Shares |
Rs.10/- each |
Rs.114.540 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 |
114.540 |
114.540 |
114.540 |
|
(b) Reserves & Surplus |
385.760 |
402.830 |
345.370 |
|
(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) |
500.300 |
517.370 |
459.910 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
121.780 |
0.000 |
0.700 |
|
(b) Deferred tax liabilities (Net) |
7.740 |
4.410 |
4.370 |
|
(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) |
129.520 |
4.410 |
5.070 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short
term borrowings |
1,946.390 |
1,824.470 |
1,284.300 |
|
(b) Trade
payables |
779.760 |
873.160 |
787.990 |
|
(c) Other
current liabilities |
205.670 |
154.530 |
86.930 |
|
(d) Short-term
provisions |
10.930 |
15.760 |
25.050 |
|
Total Current
Liabilities (4) |
2,942.750 |
2,867.920 |
2,184.270 |
|
|
|
|
|
|
TOTAL |
3,572.570 |
3,389.700 |
2,649.250 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
249.110 |
38.710 |
27.600 |
|
(ii)
Intangible Assets |
8.260 |
0.000 |
1.310 |
|
(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 |
16.720 |
16.720 |
11.720 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
23.010 |
20.320 |
21.240 |
|
(e) Other
Non-current assets |
0.000 |
4.870 |
4.870 |
|
Total Non-Current
Assets |
297.100 |
80.620 |
66.740 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1446.080 |
1500.780 |
1079.900 |
|
(c) Trade
receivables |
1525.790 |
1478.080 |
1324.170 |
|
(d) Cash
and cash equivalents |
93.570 |
99.720 |
106.410 |
|
(e)
Short-term loans and advances |
210.030 |
115.960 |
45.890 |
|
(f) Other
current assets |
0.000 |
114.540 |
26.140 |
|
Total
Current Assets |
3,275.470 |
3,309.080 |
1,502.610 |
|
|
|
|
|
|
TOTAL |
3,572.570 |
3,389.700 |
1,569.350 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
11,985.930 |
14,513.170 |
11,159.700 |
|
|
|
Other Income |
17.170 |
22.650 |
35.870 |
|
|
|
TOTAL (A) |
12,003.100 |
14,535.820 |
11,195.570 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
11,382.260 |
14,109.900 |
10,802.750 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
54.700 |
(420.880) |
(200.890) |
|
|
|
Employee Benefits Expenses |
218.920 |
271.150 |
200.340 |
|
|
|
Other Expenses |
144.450 |
277.140 |
147.730 |
|
|
|
Exceptional
Items |
0.000 |
(6.010) |
0.000 |
|
|
|
TOTAL (B) |
11,800.330 |
14,231.300 |
10,949.930 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
202.770 |
304.520 |
245.640 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
205.830 |
211.680 |
133.450 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
(3.060) |
92.840 |
112.190 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
9.930 |
7.710 |
7.180 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
(12.990) |
85.130 |
105.010 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.080 |
27.670 |
35.020 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
(17.070) |
57.460 |
69.990 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
(1.49) |
5.02 |
6.69 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(0.14) |
0.40 |
0.63 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(0.11) |
0.59 |
0.94 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.37) |
2.52 |
6.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.03) |
0.16 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
4.13 |
3.53 |
2.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11 |
1.15 |
0.69 |
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 |
114.540 |
114.540 |
114.540 |
|
Reserves & Surplus |
345.370 |
402.830 |
385.760 |
|
Net
worth |
459.910 |
517.370 |
500.300 |
|
|
|
|
|
|
long-term borrowings |
0.700 |
0.000 |
121.780 |
|
Short term borrowings |
1284.300 |
1824.470 |
1946.390 |
|
Total
borrowings |
1285.000 |
1824.470 |
2068.170 |
|
Debt/Equity
ratio |
2.794 |
3.526 |
4.134 |
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 |
11,159.700 |
14,513.170 |
11,985.930 |
|
|
|
30.050 |
(17.413) |
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
|
11,159.700 |
14,513.170 |
11,985.930 |
|
Profit |
69.990 |
57.460 |
(17.070) |
|
|
0.63% |
0.40% |
(0.14%) |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
Rs.
In Millions
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current maturities of long term debt |
15.720 |
0.000 |
0.000 |
|
Total |
15.720 |
0.000 |
0.000 |
|
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 |
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 |
No |
|
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 |
Yes |
Note: The Registered office
of the company has been shifted 249, A Wing, Matulya Centre, Matulya Mill Comp,
Senapati Bapat Marg, Delisle Road, Lower Parel, Mumbai – 400013, Maharashtra
India to the present address w.e.f. 21.08.2013
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
SHORT TERM BORROWINGS |
|
|
|
Other loans and advances |
747.720 |
925.430 |
|
Total |
747.720 |
925.430 |
OPERATIONAL
PERFORMANCE
For the period ended 31st March, 2013, the company has achieved
Sales turnover of Rs.12003.100 Millions for nine months period as against
Rs.14353.820 Millions for the twelve months period ended 30th June,
2012. The company has made loss of Rs.17.070 Millions for the year ended 31st
March, 2013.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10382845 |
11/02/2013 * |
50,000,000.00 |
UNION BANK OFINDIA |
OPERA HOUSE BRANCH, TEJURA CHAMBERS, 365/367, V.P. ROAD, OPERA HOUSE, MUMBAI, MAHARASHTRA - 400004, INDIA |
B70447776 |
|
2 |
10353373 |
02/05/2014 * |
200,000,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
ONE FORBES, DR. V.
B. GANDHI MARG, FORT, MUMBAI, |
C05596846 |
|
3 |
10192808 |
01/06/2011 * |
110,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B15261464 |
|
4 |
10098043 |
30/04/2013 * |
435,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B75010629 |
|
5 |
10084589 |
19/12/2007 |
50,000,000.00 |
UNION BANK OF INDIA |
OPERA HOUSE BRANCH, TEJURA CHAMBERS, 365-367, V.P. ROAD, OPERA HOUSE, MUMBAI, MAHARASHTRA - 400004, INDIA |
A31031529 |
|
6 |
10026595 |
02/05/2011 * |
310,000,000.00 |
STANDARD CHARTERED BANK |
90, M G ROAD, FORT,
MUMBAI, MAHARASHTRA - 400001, |
B12624367 |
|
7 |
90144770 |
31/05/2008 * |
100,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A40760118 |
|
8 |
90144225 |
22/08/2013 * |
450,000,000.00 |
UNION BANK OF INDIA |
OPERA HOUSE BRANCH, TEJURA CHAMBERS, 365/367, V.P. ROAD, OPERA HOUSE, MUMBAI, MAHARASHTRA - 400004, INDIA |
B85006088 |
|
9 |
90146139 |
22/08/2007 * |
75,000,000.00 |
CITI BANK N. A. |
BANDRA - KURLA
COMPLEX, BANDRA EAST, BANDRA EAST, |
A21892310 |
|
10 |
90142056 |
22/08/2013 * |
700,000,000.00 |
UNION BANK OF INDIA |
OPERA HOUSE BRANCH, TEJURA CHAMBERS, 365/367, V.P. ROAD, OPERA HOUSE, MUMBAI, MAHARASHTRA - 400004, INDIA |
B85001105 |
*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 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.61.11 |
|
|
1 |
Rs.98.15 |
|
Euro |
1 |
Rs.77.68 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
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 |
4 |
|
--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 |
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 |
|
29 |
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.