MIRA INFORM REPORT

 

 

Report No. :

316569

Report Date :

10.04.2015

 

IDENTIFICATION DETAILS

 

Name :

CRYSTAL LOGISTIC (COOL CHAIN) LIMITED (w.e.f. 05.07.2012)

 

 

Formerly Known As :

CRYSTAL LOGISTIC (COOL CHAIN) PRIVATE LIMITED

 

 

Registered Office :

121, Chittaranjan Avenue, Kolkata – 700 073, West Bengal

Tel. No.:

91-33-40060735

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

12.02.2007

 

 

Com. Reg. No.:

21-113305

 

 

Capital Investment / Paid-up Capital :

Rs. 12.527 Million

 

 

CIN No.:

[Company Identification No.]

U60210WB2007PLC113305

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

Service Provider of Logistics Services, ODC and Project Transportation and Part
Load Transportation Reefer.

 

 

No. of Employees :

100 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (47)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 500000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having satisfactory track record.

 

The rating reflects company sound financial risk profile marked by healthy net worth and fair profitability of the company.

 

Trade relations are reported as fair. Business is active. Payments terms are reported to be usually correct.

 

The company can be considered normal for business dealings 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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

EXTERNAL AGENCY RATING

 

 

Rating Agency Name

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

Not Available

 

 

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. Santanu Chatterjee

Designation :

Account Manager

Contact No.:

91-9830221539

Date :

09.04.2015

 

 

LOCATIONS

 

Registered Office :

121, Chittaranjan Avenue, Kolkata – 700 073, West Bengal, India

Tel. No.:

91-33-40060735/ 22354249/ 22354746/ 22217727/ 22217728/ 22354746

Mobile No.:

91-9830221539 (Mr. Santanu Chatterjee)

Fax No.:

91-33-22354746

E-Mail :

bothrabna@yahoo.co.in

crystalcal@rediffmail.com

ra@crystalgroup.in

Website :

http://www.crystalgroup.in

Area :

2000 Sq. ft.

Location :

Rented

 

 

Branch Office :

B/309, Virvani Industrial Estate, 3rd Floor, B Wing, Off Aarey Road, Goregaon (East), Mumbai - 400 063, Maharashtra, India  

 

 

DIRECTORS

 

As on 30.09.2014

 

Name :

Mr. Murari Lal Shiv Lal Agarwal

Designation :

Director

Address :

8B, Middleton Street, 2GH Geetanjali Apartments, 2nd Floor, Flat-2GH, Kolkata – 700 071, West Bengal, India

Date of Birth/Age :

27.04.1938

Date of Appointment :

18.02.2013

DIN No.:

01287314

Other directorship:

 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U63090WB1987PTC043109

HARIYANA TRANSPORT CO PVT LTD

Director

06-10-87

06-10-87

21-02-13

Active

NO

2

U63090WB1998PTC088100

CRYSTAL ROADWAYS PRIVATE LIMITED

Director

12-10-98

12-10-98

-

Active

NO

3

U60300TG2006PTC051301

RADHA KRISHAN REFRIGERATED CONTAINER PRIVATE LIMITED

Director

29-09-06

29-09-06

21-02-13

Active

NO

4

U60210WB2007PLC113305

CRYSTAL LOGISTIC ( COOL CHAIN ) LIMITED

Director

18-02-13

12-02-07

-

Active

NO

5

U51109WB2007PTC114063

SHIMLA HORTICULTURE PRIVATE LIMITED

Director

30-07-10

30-07-10

21-02-13

Active

NO

6

U60231WB2007PTC118546

EXCEL COLD LOGISTICS PRIVATE LIMITED

Director

18-02-13

18-02-13

-

Active

NO

 

 

Name :

Ms. Sushila Devi Agarwal

Designation :

Director

Address :

8B, Middleton Street, Geetanjali Apartment, 2nd Floor, FlatNo.2GH, Kolkata – 700 071, West Bengal, India

Date of Birth/Age :

27.04.1943

Date of Appointment :

02.03.2008

DIN No.:

02263843

Other directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U60210WB2007PLC113305

CRYSTAL LOGISTIC ( COOL CHAIN ) LIMITED

Director

02-03-08

02-03-08

-

Active

NO

2

U63090WB1998PTC088100

CRYSTAL ROADWAYS PRIVATE LIMITED

Director

18-02-13

18-02-13

-

Active

NO

3

U60231WB2007PTC118546

EXCEL COLD LOGISTICS PRIVATE LIMITED

Director

18-02-13

18-02-13

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Santanu Chatterjee

Designation :

Account Manager

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2014

 

Names of Shareholders

 

No. of Shares

Rajesh Agarwal

 

100

Murari Lal Agarwal

 

447736

Naresh Agarwal

 

100

Seema Agarwal

 

100

Sushila Devi Agarwal

 

794400

Ritu Naresh Agarwal

 

100

Salil Kumar Sarkar

 

50

Santanu Chatterjee

 

50

Narayan Bhattacharya

 

50

Rabindra Singh

 

50

Bansi Dealcom Private Limited, India

 

7500

Chakra Tradecom Private Limited, India

 

2500

Total

 

1252736

 

Equity Share Break up (Percentage of Total Equity)

 

As on 30.09.2014

 

Category

Percentage

Bodies corporate

0.80

Directors or relatives of Directors

99.19

Other top fifty shareholders

0.01

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Service Provider of Logistics Services, ODC and Project Transportation and Part
Load Transportation Reefer.

 

 

Products :
  • Logistics Services
  • ODC and Project Transportation
  • Part
    Load Transportation Reefer

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :
  • Piconeer Trans Trade Private Limited
  • Bader Mulla, Kuwait

 

 

Customers :

Wholesalers and Retailers

 

  • Jubilant Food Works
  • Devyani International Limited

 

 

No. of Employees :

100 (Approximately)

 

 

Bankers :
  • Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227, D, Nariman Point, Mumbai – 400 021, Maharashtra, India 
  • ABN Amro Bank
  • Punjab National Bank, Lyons Range Branch, 1 R. N. Mukherjee Road, Kolkata - 700001, West Bengal, India
  • State Bank of India, Gokuldham, Mumbai - 400051, Maharashtra, India
  • Yes Bank, Nariman Point, Mumbai, Maharashtra, India
  • Ratnakar Bank Limited, Brabourne Branch, Kolkata, West Bengal, India

 

 

Facilities :

Secured Loan

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

Long-term Borrowings

 

 

From Bank

(Security against Hypothecation of

Respective Vehicles)

41.652

70.719

Short-term borrowings

 

 

Cash Credit

Bank OD A\C (Yes Bank Limited.) *

12.034

14.289

Total

53.686

85.008

NOTE:

 

LONG-TERM BORROWINGS

 

TERM OF REPAYMENT

 

Loan from HDFC Bank Repayable in 60 monthly Installemnts commencing from November 2010.Last installment due in October, 2015.

 

Loan From ICICI Bank Repayable in 46 monthly Installments commencing from March,2012. Last installment due in December, 2015.

 

Loan From Kotak Mahindra Bank Limited. Repayable in 46 monthly Installments commencing from March, 2011. Last installment due in February,2015.

 

Loan From Orix Infrastucture services Private Limited. Repayable in 59 monthly Installemnts commencing from January,2011. Last installment due in November,2015.

 

Loan From Orix Infrastucture services Private Limited. Repayable in 47 monthly Installemnts commencing from April 2011. Last installment due in February, 2015.

 

Loan From Orix Infrastucture services Private Limited. Repayable in 59 monthly Installemnts commencing from February,2011. Last installment due in December, 2015.

 

Loan From Orix Infrastucture Services Private Limited. Repayable in 47 monthly Installemnts commencing from January 2011. Last installment due in November, 2015.

 

Loan From ICICI Bank Repayable in 58 monthly Installments commencing from February, 2013. Last installment due in November, 2017.

 

Loan From ICICI Bank Repayable in 58 monthly Installments commencing from January, 2013. Last installment due in October, 2017.

 

Loan From Yes Bank Repayable in 58 monthly Installments commencing from August, 2012. Last installment due in June, 2017.

 

Loan From Yes Bank Repayable in 47 monthly Installments commencing from August, 2012. Last installment due in July, 2016.

 

Loan From Kotak Mahindra Bank Limited. Repayable in 120 monthly Installments commencing from January,2013. Last installment due in December,2022

 

As Explained by the Management the Unsecured Loan are repayable after 2 years and the same is subject to renewal.

 

LONG-TERM BORROWINGS

 

* Nature of Security

 

First & Exclusive Charge on Current Assets (Both Present & Future).

 

Equitable Mortgage Of Flat No. 1303, Wing A, Aster Tower, Vasant Valley-Ii, Gokul Dham, Goregaon(E), Mumbai (Estimated Valuation Of Inr 15mm).

 

Unconditional and Irrevocable Personal Guarantee Of Mr. Murari Lal Agarwal, Mr. Akash Agarwal, Mr. Rajesh Agarwal, Mr. Naresh Agarwal, Mrs. Seema Agarwal & Mrs. Sushila Devi Agarwal Till The End Of Tenor Of Facility.

 

 

 

 

Banking Relations :

--

 

 

Finance Institution :

ORIX Auto Infrastructure Services Limited, Plot No. 94, Marol Co. Operative Industrial Estate, Andheri Kurla Road, Andheri (East), Mumbai - 400059, Maharashtra, India

 

 

Auditors :

 

Name :

Bothra Nirmal Associates

Chartered Accountants

Address :

7/1B, Grant Lane, Shyam Kunj, 1st Floor, Room No.15, Kolkata – 700 012, West Bengal, India

PAN N Income-tax PAN of auditor or auditor's firm :

AACFB3320N

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates :
  • Crystal Automobiles
  • Rampur Cold Chain Private Limited
  • Crystal Roadways Private Limited
  • Airo Freeze Logistic Private Limited
  • Hariyana Transport Company Private Limited
  • Excel Cold Logistics Private Limited

 

 

CAPITAL STRUCTURE

 

As on 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

2000000

Equity Shares

Rs.10/- each

Rs.20.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1252736

Equity Shares

Rs.10/- each

Rs.12.527 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

12.527

12.427

9.202

(b) Reserves & Surplus

162.514

149.549

117.165

(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)

175.041

161.976

126.367

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

53.141

84.017

55.831

(b) Deferred tax liabilities (Net)

6.881

6.050

3.874

(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)

60.022

90.067

59.705

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

12.034

14.289

4.510

(b) Trade payables

28.880

19.418

25.883

(c) Other current liabilities

34.256

28.534

18.687

(d) Short-term provisions

5.289

3.377

2.762

Total Current Liabilities (4)

80.459

65.618

51.842

 

 

 

 

TOTAL

315.522

317.661

237.914

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

131.235

135.456

100.259

(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

28.774

14.492

4.820

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

3.479

2.939

2.593

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

163.488

152.887

107.672

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

96.795

102.411

101.329

(d) Cash and cash equivalents

2.261

2.523

4.209

(e) Short-term loans and advances

52.929

59.748

24.620

(f) Other current assets

0.049

0.092

0.084

Total Current Assets

152.034

164.774

130.242

 

 

 

 

TOTAL

315.522

317.661

237.914

 

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

315.083

306.275

355.476

 

Other Income

0.915

1.435

0.000

 

TOTAL (A)

315.998

307.710

355.476

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Employees benefits expense

8.293

9.806

9.256

 

Other expenses

262.059

262.332

319.816

 

TOTAL (B)

270.352

272.138

329.072

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)

45.646

35.572

26.404

 

 

 

 

 

Less

FINANCIAL EXPENSES (D)

11.047

8.990

7.271

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)

34.599

26.582

19.133

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION (F)

25.422

19.744

14.347

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX (E-F)   (G)

9.177

6.838

4.786

 

 

 

 

 

Less

TAX (I)

2.865

3.478

2.574

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX  (G-I)   (J)

6.312

3.360

2.212

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

5.08

2.90

2.58

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

2.00

1.10

0.62

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

14.49

11.61

7.43

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

3.20

2.26

2.05

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.05

0.04

0.04

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.37

0.61

0.48

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.89

2.51

2.51

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

9.202

12.427

12.527

Reserves & Surplus

117.165

149.549

162.514

Net worth

126.367

161.976

175.041

 

 

 

 

long-term borrowings

55.831

84.017

53.141

Short term borrowings

4.510

14.289

12.034

Total borrowings

60.341

98.306

65.175

Debt/Equity ratio

0.478

0.607

0.372

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

355.476

306.275

315.083

 

 

(13.841)

2.876

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

355.476

306.275

315.083

Profit

2.212

3.360

6.312

 

0.62%

1.10%

2.00%

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

 

Sr. No.

Check List by Info Agents

Available in Report (Yes / No)

1]

Year of Establishment

Yes

2]

Locality of the firm

Yes

3]

Constitutions of the firm

Yes

4]

Premises details

Yes

5]

Type of Business

Yes

6]

Line of Business

Yes

7]

Promoter's background

Yes

8]

No. of employees

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)

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

No

 

NOTE: Registered office of the company has been shifted from 33A, Jawaharlal Nehru Road, Chatterjee International, 17th Floor, Room No. A-10, Kolkata – 700071, West Bengal, India to the present address w.e.f. 18.02.2010

 

REVIEW OF OPERATIONS

 

During the financial year the Company has earned profit of Rs. 6.312 Million as compared to 3.360 Million for the previous financial year 2012-13.

 

UNSECURED LOAN

 

PARTICULARS

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

Long-term Borrowings

 

 

Loans and Advances From Related

Parties

2.651

3.289

Loans and Advances From Bodies

Corporate and Others

8.838

10.009

Total

11.489

13.298

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10534728

10/11/2014

23,000,000.00

RBL BANK LIMITED

SHAHUPURI,KOLHAPUR, KOLHAPUR, MAHARASHTRA - 41600
1, INDIA

C35870443

2

10454294

21/08/2013

81,833,000.00

PUNJAB NATIONAL BANK

LYONS RANGE BRANCH, 1 R. N. MUKHERJEE ROAD, KOLKATA, WEST BENGAL - 700001, INDIA

B87201034

3

10331350

30/11/2011

630,000.00

BANK OF INDIA

DOBSON LANE BRANCH, P-4, DOBSON LANE, HOWRAH, W
EST BENGAL - 711101, INDIA

B30421085

4

10294961

21/06/2011

11,610,000.00

KOTAK MAHINDRA BANK LIMITED

36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, M
UMBAI, MAHARASHTRA - 400021, INDIA

B16101487

5

10258948

29/12/2010

6,608,000.00

ORIX AUTO INFRASTRUCTURE SERVICES LIMITED

PLOT NO. 94, MAROL CO. OP. INDUSTRIAL ESTATE,, AN
DHERI KURLA ROAD, ANDHERI (EAST), MUMBAI. 59., MAH
ARASHTRA - 400059, INDIA

B02473544

6

10258945

09/12/2010

6,300,000.00

ORIX AUTO INFRASTRUCTURE SERVICES LIMITED

PLOT NO. 94, MAROL CO. OP. INDUSTRIAL ESTATE,, AN
DHERI KURLA ROAD, ANDHERI (EAST), MUMBAI, MAHARASH
TRA - 400059, INDIA

B02693257

 

 

FIXED ASSETS

 

  • Air Conditioner
  • Computer
  • Data Logger
  • Furniture and Fixture
  • Maruti Wagan-R (8571)
  • Mobile Phone
  • Office Equipment
  • Motor Car
  • Motor Bike
  • Heavy Vehicles
  • Generator
  • Invertor
  • Projector
  • Vending Machine
  • Office Premises
  • Land and Building

 

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.62.26

UK Pound

1

Rs.92.49

Euro

1

Rs.66.99

 

 

INFORMATION DETAILS

 

Information Gathered by :

PRT

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

KVT

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

6

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILITY

1~10

5

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--RESERVES

1~10

6

--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

 

47

 

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

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.