MIRA INFORM REPORT
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Report Date : |
16.10.2014 |
IDENTIFICATION DETAILS
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Name : |
WORLDS WINDOW IMPEX INDIA PRIVATE LIMITED |
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Registered
Office : |
75, Khirki Village, Malviya Nagar, New Delhi - 110017 |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
14.02.1997 |
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Com. Reg. No.: |
55-085138 |
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Capital
Investment / Paid-up Capital : |
Rs.63.170 Millions |
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CIN No.: [Company Identification
No.] |
U51109DL1997PTC085138 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELG05297F |
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PAN No.: [Permanent Account No.] |
AABCG3418Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Importer and Trader of Ferrous and Non Ferrous Metal Scrap. |
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No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (51) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having good track record. Financial position of the company is decent. Performance capability of
the company is good. Trade relation reported to be fair. Business is active. Payment terms
are reported to be regular and as per commitment. The company can be considered normal 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
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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.
EXTERNAL AGENCY RATING
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Rating Agency Name |
CARE |
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Rating |
Long term Bank Facility: “A-” |
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Rating Explanation |
Adequate degree of safety and low credit risk. |
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Date |
July 15, 2014 |
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Rating Agency Name |
CARE |
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Rating |
Short Term Bank Facility: “A2+” |
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Rating Explanation |
Strong degree of safety and low credit risk. |
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Date |
July 15, 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
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Name : |
Mr. Virender Singh |
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Designation : |
Senior Account Manager |
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Contact No.: |
91-9958790111 |
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Date : |
15.10.2014 |
LOCATIONS
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Registered Office : |
75, Khirki Village, Malviya Nagar, New Delhi -110017, India |
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Tel. No.: |
91-11-29542460/ 29545475/ 6235698/ 43122933 |
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Fax No.: |
91-11-29545475 |
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E-Mail : |
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Website : |
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Corporate Office: |
E-40 /3, Okhla Industrial Area, Phase-II, New Delhi-110020, India |
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Area : |
1000 Sq.ft |
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Location : |
Owned |
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Branch Offices : |
Located at: ·
Ghaziabad, Uttar Pradesh, India ·
Fatehgarh Sahib, Punjab, India |
DIRECTORS
As on 30.09.2013
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Name : |
Mr. Naveen Agarwal |
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Designation : |
Director |
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Address : |
B-12B, First Floor, Kalkaji, New Delhi -110019, India |
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Date of Birth/Age : |
19.11.1978 |
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Date of Appointment : |
09.12.2000 |
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PAN No. : |
ADLPA0602J |
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DIN No.: |
00113809 |
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Other Directorship :
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Name : |
Mr. Sunil Kumar Maheshwari |
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Designation : |
Director |
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Address : |
I – 1612, C. R. Park, New Delhi - 110019, India |
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Date of Birth/Age : |
10.08.1964 |
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Date of Appointment : |
30.09.2013 |
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PAN No. : |
AGAPM1237D |
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DIN No.: |
02317160 |
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Other Directorship :
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Name : |
Mr. Sandeep Soni |
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Designation : |
Additional Director |
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Address : |
Parishram Nivas, Main Road, Purani Jeen, Morena – 476001, Madhya Pradesh, India |
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Date of Birth/Age : |
15.07.1974 |
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Date of Appointment : |
08.03.2014 |
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DIN No.: |
06845851 |
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Other Directorship
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KEY EXECUTIVES
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Name : |
Mr. Vijay Makhija |
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Designation : |
Secretory |
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Address : |
A-40, Duggal Colony, Devli Road, Khanpur, New Delhi – 110062, India |
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Date of Birth : |
07.07.1989 |
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Date of Appointment : |
17.09.2013 |
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PAN No. : |
BOWPM1004B |
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Name : |
Mr. Virender Singh |
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Designation : |
Senior Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
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Names of Shareholders |
No. of Shares |
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Piyoosh Goyal |
2050100 |
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Naveen Agrawal |
100 |
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Manglam Apatments Limited, India |
366450 |
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International Metal and Steel B.V, |
3095351 |
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Dharitrimaa
Urja Private Limited, India |
805042 |
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Total |
6317043 |
Allottees as on 14.03.2014
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Names of Allottees |
No. of Shares |
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Dharitrimaa
Urja Private Limited, India |
171972 |
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International Metal and Steel B.V, Holland |
165228 |
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Total |
337200 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
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Category |
Percentage of Holding |
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Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
49.00 |
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Bodies corporate |
19.00 |
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Other top fifty shareholders |
32.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Importer and Trader of Ferrous and Non Ferrous Metal Scrap. |
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Exports : |
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Products : |
Ferrous and Non Ferrous Metal Scrap |
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Countries : |
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Imports : |
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Products : |
Ferrous and Non Ferrous Metal |
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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
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Suppliers : |
European Metal Recycling Limited |
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Customers : |
Andro Cottus Trading Limited |
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No. of Employees : |
250 (Approximately) |
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Bankers : |
· Centurion Bank Limited, Connaught Place, New Delhi, India · HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India ·
ICICI Bank Limited ·
Axis Bank Limited ·
Kotak Mahindra Bank Limited · Punjab National Bank · State Bank of Travancore · State Bank of Mysore · Dena Bank · State Bank of India · Oriental Bank of Commerce · Barclays Bank PLC |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institutions : |
· Tata Capital Limited · Reliance Capital Limited |
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Auditors : |
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Name : |
Avdhesh Bansal
and Company Chartered Accountants |
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Address : |
26/11, Shakti
Nagar, New Delhi - 110007, India |
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Income-tax
PAN of auditor or auditor's firm : |
AATFA0880F |
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Subsidiary
Companies: |
· Alstrong Acp Manufacturing India Private Limited CIN No.: U27203DL2007PTC169060 · Alubond Acp Manufacturing India Private Limited CIN No.: U27203DL2007PTC169010 · Arctos Trading Pty Limited · Avon General Trading · Dharitrimaa Urja Private Limited CIN No.: U10100DL2011PTC213669 · Everest Metal FZE · Grande Castello Private Limited CIN No.: U55101DL2011PTC225501 · IMR Holding Pte Limited · Kandla Infradevelopers Private Limited CIN No.: U63000DL2011PTC216566 · Loni Builders Private Limited CIN No.: U45400DL2007PTC163479 · Magnifico Minerals Private Limited CIN No.: U51909DL2011PTC228884 · Maritmus Trading (Pty.) Limited · Metallum Inc · Seagull Maritime Agencies Private Limited CIN No.: U63000DL1998PTC225187 · Seagull Global Logistics LLC · Seagull Global Logistics USA-LLC · Seagull Maritime Agencies Singapore Pte Limited · Solitaire Infradevelopers Private Limited CIN No.: U45400DL2008PTC176606 · Vastustar Trading Private Limited CIN No.: U51909DL2004PTC126459 · Vasudhama Resources Pte Limited · Vasudhamaa Urja Private Limited CIN No.: U10100DL2011PTC213722 · Vedansh Builders Private Limited CIN No.: U51101DL2007PTC163227 · Vedansh Developers Private Limited CIN No.: U70109DL2006PTC150976 · Vedansh Infrastructure Private Limited CIN No.: U45200DL2007PTC158838 · Vedansh Real Estate Private Limited CIN No.: U70109DL2006PTC151469 · Worlds Window Agro Private Limited CIN No.: U01403DL2008PTC177388 · Worlds Window Cabs India Private Limited CIN No.: U63090DL2011PTC224942 · Worlds Window Developers Private Limited CIN No.: U70109DL2006PTC151350 · Worlds Window Ecotrade Private Limited CIN No.: U51909DL2012PTC239450 · Worlds Window Estate Private Limited CIN No.: U70101DL2006PTC145081 · Worlds Window Exim Private Limited CIN No.: U51909DL2006PTC145082 · Worlds Window Farming Private Limited CIN No.: U01111DL2008PTC177446 · Worlds Window Greenfield Private Limited CIN No.: U01403DL2008PTC177448 · Worlds Window Holding Private Limited CIN No.: U65993DL2008PTC176131 · Worlds Window Infrastructure and Logistics Private Limited CIN No.: U74996DL2006PTC149207 · Worlds Window Trading Private Limited CIN No.: U51909DL2008PTC176155 · Worlds Window Urja Private Limited CIN No.: U45400DL2008PTC179698 · Worlds Window Wardha Infrastructure Private Limited CIN No.: U51101DL2007PTC163357 · WW Ventures Limited · WWG Foundation CIN No.: U80302DL2012NPL229639 |
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Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives : |
· Maple Logistics Private Limited CIN No.: U63090DL2004PTC123819 · M. V. Enterprises · IMR General Trading FZE · Alstrong International · Wone Management Systems Private Limited CIN No.: U74140DL2008PTC181301 · EcoFog Equipment Private Limited CIN No.: U51909DL2013PTC249955 · Alstrong Enterprises India Private Limited CIN No.: U28910DL2011PTC225135 · Draveen Trading Private Limited CIN No.: U51420DL2011PTC229038 |
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Other Related Party : |
Manglam Apartments Limited CIN No.: U45202DL1985PLC020056 |
CAPITAL STRUCTURE
After 30.09.2013
Authorised Capital : Rs. 80.000 Millions
Issued, Subscribed & Paid-up Capital : Rs.
73.662 Millions
As on 30.09.2013
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
|
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|
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|
|
7000000 |
Equity Shares |
Rs. 10/- each |
Rs.70.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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6317043 |
Equity Shares |
Rs. 10/- each |
Rs.63.170 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 |
|
I.
EQUITY
AND LIABILITIES |
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(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
63.170 |
47.385 |
47.385 |
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(b) Reserves & Surplus |
2749.246 |
1596.039 |
1455.614 |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2)
Share Application money pending allotment |
0.000 |
254.400 |
0.000 |
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Total Shareholders’
Funds (1) + (2) |
2812.416 |
1897.824 |
1502.999 |
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(3) Non-Current
Liabilities |
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|
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(a) long-term borrowings |
143.688 |
210.835 |
0.000 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
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(c) Other long term
liabilities |
0.000 |
0.000 |
117.801 |
|
(d) long-term
provisions |
1.442 |
1.509 |
0.000 |
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Total Non-current
Liabilities (3) |
145.130 |
212.344 |
117.801 |
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(4) Current Liabilities |
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|
|
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(a) Short term
borrowings |
964.113 |
749.213 |
0.000 |
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(b) Trade
payables |
6273.018 |
1911.453 |
1771.433 |
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(c) Other
current liabilities |
316.813 |
140.481 |
766.550 |
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(d) Short-term
provisions |
159.091 |
57.549 |
0.000 |
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Total Current
Liabilities (4) |
7713.035 |
2858.696 |
2537.983 |
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TOTAL |
10670.581 |
4968.864 |
4158.783 |
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II.
ASSETS |
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|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
72.333 |
67.531 |
62.108 |
|
(ii)
Intangible Assets |
9.424 |
10.790 |
3.585 |
|
(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 |
266.856 |
235.568 |
231.078 |
|
(c) Deferred tax assets (net) |
0.277 |
3.235 |
5.441 |
|
(d) Long-term Loan and Advances |
1.512 |
16.960 |
451.343 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
350.402 |
334.084 |
753.555 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
178.797 |
278.529 |
96.443 |
|
(c) Trade
receivables |
9225.866 |
3270.776 |
2794.814 |
|
(d) Cash
and cash equivalents |
721.765 |
378.039 |
337.202 |
|
(e)
Short-term loans and advances |
193.751 |
707.436 |
176.769 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
10320.179 |
4634.780 |
3405.228 |
|
|
|
|
|
|
TOTAL |
10670.581 |
4968.864 |
4158.783 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
9279.524 |
|
|
|
Other Income |
|
|
NA |
|
|
|
TOTAL |
22547.184 |
11268.146 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
21991.631 |
11043.402 |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
555.553 |
224.744 |
175.038 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
183.447 |
84.320 |
65.295 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
372.106 |
140.424 |
109.743 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
502.450 |
362.025 |
252.281 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
874.556 |
502.450 |
362.025 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
0.000 |
0.083 |
0.048 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
58.91 |
29.63 |
-- |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
33000.000 |
The above information has been parted by Mr. Virender Singh.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total
Income |
(%) |
1.65 |
1.25 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
NA |
1.89 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.34 |
4.75 |
4.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.12 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.39 |
0.51 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
1.62 |
1.34 |
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 |
47.385 |
47.385 |
63.170 |
|
Reserves & Surplus |
1455.614 |
1596.039 |
2749.246 |
|
Net
worth |
1502.999 |
1643.424 |
2812.416 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
210.835 |
143.688 |
|
Short term borrowings |
0.000 |
749.213 |
964.113 |
|
Total
borrowings |
0.000 |
960.048 |
1107.801 |
|
Debt/Equity
ratio |
0.000 |
0.584 |
0.394 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
|
31.03.2012 |
31.03.2013 |
|
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
|
11268.146 |
22547.184 |
|
|
|
|
100.097 |
NET PROFIT MARGIN
|
Net
Profit Margin |
|
31.03.2012 |
31.03.2013 |
|
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
|
11268.146 |
22547.184 |
|
Profit |
|
140.424 |
372.106 |
|
|
|
1.25% |
1.65% |
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
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 |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10471065 |
22/11/2013 |
3,382,500,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, M-47, CONNAUGHT CIRCUS, OPPOSITE SUPER BAZAR, NEW DELHI, DELHI - 110001, INDIA |
B93840908 |
|
2 |
10413858 |
28/02/2013 |
2,600,000.00 |
PUNJAB NATIONAL BANK |
ICD, LONI, GHAZIABAD, UTTAR PRADESH - 201102, INDIA |
B71457287 |
|
3 |
10031380 |
05/04/2013 * |
8,020,000,000.00 |
STATE BANK OF INDIA (LEAD BANK) |
COMMERCIAL BRANCH, M-47, CONNAUGHT CIRCUS, OPP SUPER BAZAR, NEW DELHI, DELHI - 110001, INDIA |
B75027706 |
|
4 |
10037253 |
05/04/2013 * |
8,020,000,000.00 |
STATE BANK OF INDIA (LEAD BANK) |
COMMERCIAL BRANCH, M-47, CONNAUGHT CIRCUS, OPP SUPER BAZAR, NEW DELHI, DELHI - 110001, INDIA |
B75238402 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans repayable on demand from others |
134.291 |
203.133 |
|
|
|
|
|
SHORT-TERM BORROWINGS |
|
|
|
Loans repayable on demand from banks |
964.113 |
749.213 |
|
Total |
1098.404 |
952.346 |
FIXED ASSETS
Tangible Assets
· Land
· Buildings
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer equipments
· Other Equipments
· Leasehold Improvements
Intangible Assets
· Computer Software
· Copyrights
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.61.11 |
|
|
1 |
Rs.98.15 |
|
Euro |
1 |
Rs.77.68 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
51 |
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.