MIRA
INFORM REPORT
|
Report Date : |
16.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
A ONE STEELS INDIA PRIVATE LIMITED |
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|
Registered
Office : |
No.852, Front Portion, 1st Floor, ‘D’ Block, Sahakarnagar, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
24.04.2008 |
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Com. Reg. No.: |
08-046184 |
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Capital
Investment / Paid-up Capital : |
Rs. 85.462 Millions |
|
|
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CIN No.: [Company Identification
No.] |
U27310KA2008PTC046184 |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Mschannel, Billets Like. |
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No. of Employees
: |
110 (Approximately) |
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 |
|
Maximum Credit Limit : |
USD 340000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. Management of the company has not filed its financials after the year
2011 with the government department. However, Mr. Pankaj Bansal, Finance Head provided all information and
also provided audited financial for the year 2013. The rating reflects moderate financial risk profile marked by low
profit margin, huge borrowing and low reserves level of the company. Trade relations are reported as fair. Business is active. Payments
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.
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = B |
|
Rating Explanation |
High risk of default |
|
Date |
06.01.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A4 |
|
Rating Explanation |
Minimal degree of safety it carry very high credit risk. |
|
Date |
06.01.2014 |
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. Pankaj Bansal |
|
Designation : |
Finance Head |
|
Contact No.: |
91-8105304301 |
|
Date : |
15.09.2014 |
LOCATIONS
|
Registered Office : |
No.852, Front Portion, 1st Floor, ‘D’ Block, Sahakarnagar,
Bangalore – 560092, Karnataka, India |
|
Tel. No.: |
91-80-41108405 |
|
Mobile No.: |
91-8105304301 (Mr. Pankaj Bansal) 91-9972223941 (Mr. Sandip Bansal) |
|
Fax No.: |
Not Available |
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E-Mail : |
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Head Office : |
No.852, 1st Floor, B Black, Near State Bank of Mysore
Sahakarnagar, Bangalore – 560092, Karnataka, India |
|
|
|
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Factory : |
Sy No15, Manesamudram, Penukanda troad, Hindupur, Anantapur District, Andhra
Pradesh, India |
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|
|
|
Branch Office 1 : |
Shop No.3, Nagappa Block, B H Road, Gauribidanur – 561208, Karnataka, India |
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Branch Office 2 : |
Sy No.85/5, No.6, Chokkanahali Village, Jakkur Post, Yelahanka – 560064, Karnataka, India |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Sandeep Kumar Jalan |
|
Designation : |
Director |
|
Address : |
Flat No 22, 1st Floor, Sirsa Club Janta Bhavan Road, Sirsa – 125055, Haryana, India |
|
Date of Birth/Age : |
25.07.1977 |
|
Date of Appointment : |
24.04.2008 |
|
DIN No.: |
02112630 |
|
|
|
|
Name : |
Mr. Sunil Kumar Jallan |
|
Designation : |
Director |
|
Address : |
D-002, Purva Paramount, 24th Main, 25th Cross, Hsr Layout, 2nd Sector, Bangalore – 560034, Karnataka, India |
|
Date of Birth/Age : |
20.05.1973 |
|
Date of Appointment : |
24.04.2008 |
|
DIN No.: |
02150846 |
|
|
|
|
Name : |
Mr. Krishan Kumar Jalan |
|
Designation : |
Director |
|
Address : |
Shet Gourishankar Wali Gali, Ward No.4, Teh.Ellenabad Sirsa – 125055, Haryana, India |
|
Date of Birth/Age : |
07.05.1953 |
|
Date of Appointment : |
24.04.2008 |
|
DIN No.: |
02114715 |
KEY EXECUTIVES
|
Name : |
Mr. Pankaj Bansal |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
SHAREHOLDING DETAILS FILE ATTACHED
As on31.03.2012
|
Names of Allottee (Equity
Shares) |
|
No. of Shares
Allotted |
|
Kishan Kumar Jallan |
|
25000 |
|
Sandeep Kumar Jallan |
|
35000 |
|
Mona Jallan |
|
15400 |
|
Ram Nivas Goel |
|
8040 |
|
Pushpa Devi |
|
14580 |
|
Dharam Chand S/O Ranjha Ram |
|
5000 |
|
Gurumeet Singh S/o Sampuran Singh |
|
8000 |
|
Hakam Singh S/o Kamal Singh |
|
3000 |
|
Manish Gupta S/o Hanuman Prasad |
|
15500 |
|
Neetika |
|
34250 |
|
Satnam Singh S/o Gurbakh Singh |
|
3000 |
|
Santi Devi W/o Kailash |
|
11500 |
|
Rakesh Gupta S/o Bhagirath Gupta |
|
14500 |
|
Daya Jallan |
|
19850 |
|
Surender Kumar S/o Jagannath |
|
9750 |
|
Ashok Kumar |
|
28750 |
|
Himanshu Goyal |
|
17500 |
|
Urmila Aggarwal |
|
15500 |
|
Manju Devi Garg C/o Radhe Shyam |
|
35000 |
|
Silberson Suppliers Private Limited, India |
|
50000 |
|
Total |
|
369120 |
|
Names of Allottee (Preference
Shares) |
|
No. of Shares
Allotted |
|
Rajeev Kumar |
|
5000 |
|
Naveen Kumar Kandoi |
|
10000 |
|
Monika Arora |
|
4000 |
|
Total |
|
19000 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Mschannel, Billets Like. |
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Terms : |
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Selling : |
Cash / Advance Payment / L/C / Credit |
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Purchasing : |
Cash / Advance Payment / L/C / Credit (15-20 Days) |
GENERAL INFORMATION
|
Suppliers : |
·
M.S. Metal Private Limited, Bangalore ·
Kusum Metal Private Limited, Chennai |
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Customers : |
Wholesalers, Retailers and Manufacturer ·
Shankar Infrastructure Limited, Bangalore ·
Shrirama Steels, Bangalore |
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No. of Employees : |
110 (Approximately) |
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Bankers : |
· State Bank of India, Hindupur Branch, Hindupur - 515201, Andhra Pradesh, India · Axis Bank Limited, #41, Sheshadri Road, Anand Rao Circle,, Bangalore - 560009, Karnataka, India |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
--- |
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Finance Institution : |
Andhra Pradesh State Financial Corporation, 5-9-194, Chirag Ali Lane, Hyderabad - 500001, Andhra Pradesh, India |
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Auditors : |
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|
Name : |
Mohan and Chandrasekhar Chartered Accountants |
|
Address : |
No.3, 5th Cross, 5th Main, Jayamahal Extn,
Bangalore – 560046, Karnataka, India |
|
Tel. No.: |
91-4344-325192 |
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Mobile No.: |
91-9844098445 |
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Email: |
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PAN No.: |
AAHFM2931R |
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Sister Concern : |
A One Steel and Alloys Private Limited Address: No.852, 1st
Floor, B Black, Near State Bank of Mysore Sahakarnagar, Bangalore – 560092,
Karnataka, India |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
900,000 |
Equity Shares |
Rs.100/- each |
Rs.90.000 Millions |
|
100,000 |
Preference Shares |
Rs.100/- each |
Rs.10.000 Millions |
|
|
Total |
|
Rs.100.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
777,615 |
Equity Shares |
Rs.100/- each |
Rs.77.762
Millions |
|
77,000 |
Preference Shares |
Rs.100/- each |
Rs.7.700
Millions |
|
|
Total |
|
Rs.85.462 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
85.462 |
85.462 |
|
(b) Reserves & Surplus |
|
26.937 |
22.880 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
11.410 |
11.410 |
|
Total
Shareholders’ Funds (1) + (2) |
|
123.809 |
119.752 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
125.704 |
95.437 |
|
(b) Deferred tax liabilities (Net) |
|
13.397 |
12.244 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
139.101 |
107.681 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
126.065 |
132.541 |
|
(b) Trade payables |
|
41.044 |
22.914 |
|
(c) Other current
liabilities |
|
16.420 |
15.393 |
|
(d) Short-term provisions |
|
1.573 |
3.015 |
|
Total Current Liabilities (4) |
|
185.102 |
173.863 |
|
|
|
|
|
|
TOTAL |
|
448.012 |
401.296 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
166.099 |
169.612 |
|
(ii) Intangible Assets |
|
2.016 |
1.122 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
3.681 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
171.796 |
170.734 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
|
|
(b) Inventories |
|
152.663 |
119.154 |
|
(c) Trade receivables |
|
56.870 |
43.840 |
|
(d) Cash and cash
equivalents |
|
3.480 |
23.394 |
|
(e) Short-term loans and
advances |
|
60.601 |
42.962 |
|
(f) Other current assets |
|
2.602 |
1.212 |
|
Total Current Assets |
|
276.216 |
230.562 |
|
|
|
|
|
|
TOTAL |
|
448.012 |
401.296 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
46.650 |
|
|
2] Share Application Money |
|
|
6.175 |
|
|
3] Reserves & Surplus |
|
|
6.647 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
59.472 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
68.744 |
|
|
2] Unsecured Loans |
|
|
49.469 |
|
|
TOTAL BORROWING |
|
|
118.213 |
|
|
DEFERRED TAX LIABILITIES |
|
|
9.733 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
187.418 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
138.705 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
108.741 |
|
|
Sundry Debtors |
|
|
44.763 |
|
|
Cash & Bank Balances |
|
|
12.168 |
|
|
Other Current Assets |
|
|
21.721 |
|
|
Loans & Advances |
|
|
9.974 |
|
Total
Current Assets |
|
|
197.367 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
25.013 |
|
|
Other Current Liabilities |
|
|
124.016 |
|
|
Provisions |
|
|
0.915 |
|
Total
Current Liabilities |
|
|
149.944 |
|
|
Net Current Assets |
|
|
47.423 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
1.290 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
187.418 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
792.377 |
798.850 |
520.882 |
|
|
|
Other Income |
2.246 |
0.651 |
1.096 |
|
|
|
TOTAL (A) |
794.623 |
799.501 |
521.978 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
537.468 |
|
|
|
|
|
Purchases of Stock-in-Trade |
189.151 |
163.589 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
3.359 |
(18.660) |
484.407 |
|
|
|
Employees benefits expense |
4.692 |
4.091 |
|
|
|
|
Other expenses |
4.712 |
2.751 |
|
|
|
|
TOTAL (B) |
739.382 |
731.802 |
484.407 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
55.241 |
67.699 |
37.571 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
26.367 |
25.180 |
14.715 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
28.874 |
42.519 |
22.856 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
20.741 |
20.760 |
9.566 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
8.133 |
21.759 |
13.290 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.780 |
5.526 |
10.649 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
5.353 |
16.233 |
2.641 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.26 |
18.99 |
6.47 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
1092.831 |
|
|
|
|
|
The above information has been parted by Mr. Pankaj Bansal
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.67 |
2.03 |
0.51 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.03 |
2.72 |
2.55 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.83 |
5.42 |
3.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
0.18 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.03 |
1.90 |
1.99 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.49 |
1.33 |
1.32 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2012 |
31.03.2013 |
|
|
|
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
|
85.462 |
85.462 |
|
Reserves & Surplus |
|
22.880 |
26.937 |
|
Share Application money
pending allotment |
|
11.410 |
11.410 |
|
Net worth |
|
119.752 |
123.809 |
|
|
|
|
|
|
long-term borrowings |
|
95.437 |
125.704 |
|
Short term borrowings |
|
132.541 |
126.065 |
|
Total borrowings |
|
227.978 |
251.769 |
|
Debt/Equity ratio |
|
1.904 |
2.034 |
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 |
520.882 |
798.850 |
792.377 |
|
|
|
53.365 |
(0.810) |
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 |
520.882 |
798.850 |
792.377 |
|
Profit |
2.641 |
16.233 |
5.353 |
|
|
0.51% |
2.03% |
0.68% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 from No.422, F Block,
Near State Bank of India, Sahakaranagar, Bangalore – 560092, Karnataka, India
to present address
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Long Term
Borrowing |
|
|
|
From Director |
55.745 |
35.862 |
|
Total |
55.745 |
35.862 |
|
|
|
|
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10184583 |
12/05/2012 * |
281,500,000.00 |
STATE BANK OF INDIA |
HINDUPUR BRANCH, HINDUPUR, ANDHRA PRADESH - 515201, INDIA |
B41053000 |
* Date of charge modification
FIXED ASSETS
· Building
· Land
· Furniture and Fittings
· Electrical Equipments
· Plant and Machinery
· Machinery Foundation
· Company
· Vehicles
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 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.60.99 |
|
|
1 |
Rs.99.10 |
|
Euro |
1 |
Rs.79.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NTH |
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 |
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 |
|
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.