MIRA INFORM REPORT
|
Report No. : |
316806 |
|
Report Date : |
10.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
SAHARA ADVENTURE SPORTS LIMITED |
|
|
|
|
Registered
Office : |
Hotel Sahara Star, Opposite Domestic Airport, Vile Parle (East),
Mumbai – 400099, Maharashtra |
|
Tel. No.: |
91-22-66688080 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
28.03.2007 |
|
|
|
|
Com. Reg. No.: |
11-169322 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 77.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U92412MH2007PLC169322 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS56736B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAKCS7733B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of adventure
tourism and other sports related activities. |
|
|
|
|
No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (15) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of Sahara Group. It is an established company having moderate track record. Management of the company has not filed its financials after the year
2012 with the government department and also remain non co-operative denied
to part any information about the company. As per available financial of 2012, the company has incurred a heavy
loss from its operation. As per Registrar of Companies the status of the company is shown as
active. Payments terms are known. The company can be considered for business dealings on a secured trade
terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
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 DECLINED
MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-22-66688080)
LOCATIONS
|
Registered Office : |
Hotel Sahara Star, Opposite Domestic Airport, Vile Parle (EAST),
Mumbai – 400099, Maharashtra, India |
|
Tel. No.: |
91-22-66688080 |
|
Fax No.: |
91-22-66688061 |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
Solitaire Corporate Park, Building No.4, 5th Floor,
431/432, 167, Guru Hargobindji Marg, Chakala, Andheri (East), Mumbai -
400093, Maharashtra, India |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Sushanto Roy |
|
Designation : |
Director |
|
Address : |
Sahara India House, New Hyderabad Colony, Lucknow – 226007,
Uttar Pradesh, India |
|
Date of Birth/Age : |
31.12.1974 |
|
Qualification : |
B.Com. |
|
Date of Appointment : |
31.05.2013 |
|
DIN No.: |
00155513 |
|
|
|
|
Name : |
Mr. Seemanto Roy |
|
Designation : |
Managing Director |
|
Address : |
510/174 Sahara India House, New Hyderabad Colony, Lucknow – 266304,
Uttar Pradesh, India |
|
Date of Birth/Age : |
30.01.1977 |
|
Qualification : |
B.Com. |
|
Date of Appointment : |
31.05.2013 |
|
DIN No.: |
00183666 |
|
|
|
|
Name : |
Mr. Subrata Roy Sahara |
|
Designation : |
Director |
|
Address : |
Sahara Shahar, Vipul Khand, Gomti Nagar, Lucknow – 226010, Uttar Pradesh, India |
|
Date of Birth/Age : |
10.06.1948 |
|
Date of Appointment : |
30.09.2010 |
|
PAN No.: |
ARKPS3189F |
|
DIN No.: |
00431905 |
|
|
|
|
Name : |
Mr. Kapil Dev |
|
Designation : |
Director |
|
Address : |
39, Sunder Nagar, New Delhi – 110003, India |
|
Date of Birth/Age : |
06.01.1959 |
|
Date of Appointment : |
30.09.2010 |
|
Date of Cessation : |
24.01.2015 |
|
DIN No.: |
00910383 |
|
|
|
|
Name : |
Mr. Abhijit Sarkar |
|
Designation : |
Director |
|
Address : |
510/174 Sahara India House, New Hyderabad Colony, Lucknow – 226007, Uttar Pradesh, India |
|
Date of Birth/Age : |
12.05.1965 |
|
Qualification : |
PG |
|
Date of Appointment : |
30.09.2011 |
|
DIN No.: |
00399003 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Equity Shareholders |
No. of Shares |
|
Subrata Roy Sahara |
5700000 |
|
Swapna Roy |
50000 |
|
Sushanto Roy |
50000 |
|
Seemanto Roy |
50000 |
|
J.B. Roy |
50000 |
|
Sahara India Commercial Corporation Limited, India |
50000 |
|
O.P. Srivastava |
50000 |
|
Total |
6000000 |
|
Names of Preference Shareholder |
No. of Shares |
|
Aamby Valley Limited, India |
1700000 |
|
|
1700000 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
0.83 |
|
Directors or relatives of Directors |
98.34 |
|
Other top fifty shareholders |
0.83 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of adventure
tourism and other sports related activities. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by management |
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Bankers : |
· Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India · Punjab National Bank, MID Corporate Branch, 10, Ashosk Marg, Lucknow -226001, Uttar Pradesh, India |
||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Satish Arora and Company Chartered Accountants |
|
Address : |
Aakriti Towers,1st Floor, 19, Vidhan Sabha Marg, (Adjacent to Akashvaani), Lucknow – 226001, Uttar Pradesh, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAKFS9784M |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associate Companies [AS ON 31.03.2012]
: |
· Aamby Valley Global Sports Limited CIN No.: U45200MH2006PLC160731 · Sahara India Commercial Corporation Limited CIN No.: U70109WB1992PLC053999 · Sahara India Real Estate Corporation. Limited CIN No.: U45201UP2005PLC030918 · Sahara Housing Investment Corporation Limited CIN No.: U70102MH2004PLC145582 · Sahara India Pariwar · Sahara India Mass Communication Limited |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 60.000 Million |
|
4,000,000 |
Preference Shares |
Rs.10/- each |
Rs. 40.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 100.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 60.000 Million |
|
1,700,000 |
Preference Shares |
Rs.10/- each |
Rs. 17.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 77.000
Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
77.000 |
77.000 |
|
(b) Reserves & Surplus |
|
1563.933 |
2147.704 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
3283.012 |
103.192 |
|
Total Shareholders’
Funds (1) + (2) |
|
4923.945 |
2327.896 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
70.306 |
0.000 |
|
(c) Other long term
liabilities |
|
16895.754 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
16966.060 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
0.000 |
83.537 |
|
(b) Trade
payables |
|
17.125 |
23.408 |
|
(c) Other
current liabilities |
|
176.856 |
4.395 |
|
(d) Short-term
provisions |
|
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
|
193.981 |
111.340 |
|
|
|
|
|
|
TOTAL |
|
22083.986 |
2439.236 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
0.799 |
0.000 |
|
(ii)
Intangible Assets |
|
18965.999 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
1555.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.105 |
|
(d) Long-term Loan and Advances |
|
76.062 |
0.139 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
20597.860 |
0.244 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c) Trade
receivables |
|
27.745 |
12.153 |
|
(d) Cash and
cash equivalents |
|
398.456 |
1716.069 |
|
(e)
Short-term loans and advances |
|
1038.785 |
583.095 |
|
(f) Other
current assets |
|
21.140 |
127.675 |
|
Total
Current Assets |
|
1486.126 |
2438.992 |
|
|
|
|
|
|
TOTAL |
|
22083.986 |
2439.236 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
60.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
450.529 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
510.529 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
510.529 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
20.169 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
1.038 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.097 |
|
|
Sundry Debtors |
|
|
0.096 |
|
|
Cash & Bank Balances |
|
|
1709.438 |
|
|
Other Current Assets |
|
|
0.770 |
|
|
Loans & Advances |
|
|
460.000 |
|
Total
Current Assets |
|
|
2170.401 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1679.234 |
|
|
Other Current Liabilities |
|
|
0.838 |
|
|
Provisions |
|
|
1.007 |
|
Total
Current Liabilities |
|
|
1681.079 |
|
|
Net Current Assets |
|
|
489.322 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
510.529 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
747.635 |
19.974 |
14.965 |
|
|
|
Other Income |
79.257 |
138.608 |
1.160 |
|
|
|
TOTAL |
826.892 |
158.582 |
16.125 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
10.738 |
17.194 |
0.397 |
|
|
|
Other expenses |
938.429 |
112.541 |
12.696 |
|
|
|
Prior Period Items |
3.929 |
0.055 |
(0.314) |
|
|
|
Extraordinary Items |
0.000 |
0.000 |
(0.443) |
|
|
|
TOTAL |
953.096 |
129.790 |
12.336 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(126.204) |
28.792 |
3.789 |
|
|
|
|
|
|
` |
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
387.156 |
2.500 |
2.865 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(513.360) |
26.292 |
0.924 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
70.410 |
12.117 |
0.495 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(583.770) |
14.175 |
0.429 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
97.30 |
2.36 |
(0.32) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin |
(%) |
(78.08) |
70.97 |
2.87 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
(16.88) |
144.15 |
25.32 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.50) |
1.08 |
0.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.10) |
0.01 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.04 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
7.66 |
21.91 |
1.29 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2011 |
31.03.2012 |
|
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
|
77.000 |
77.000 |
|
Reserves & Surplus |
|
2147.704 |
1563.933 |
|
Share Application money pending allotment |
|
103.192 |
3283.012 |
|
Net worth |
|
2327.896 |
4923.945 |
|
|
|
|
|
|
long-term borrowings |
|
0.000 |
0.000 |
|
Short term borrowings |
|
83.537 |
0.000 |
|
Total borrowings |
|
83.537 |
0.000 |
|
Debt/Equity ratio |
|
0.036 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
14.965 |
19.974 |
747.635 |
|
|
|
33.471 |
3,643.041 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
14.965 |
19.974 |
747.635 |
|
Profit |
0.429 |
14.175 |
(583.770) |
|
|
2.87% |
70.97% |
(78.08%) |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: NOT AVAILABLE
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
No |
|
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 |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10287207 |
02/05/2012 * |
1,702,000,000.00 |
PUNJAB NATIONAL BANK |
MID CORPORATE BRANCH, 10, ASHOSK MARG, LUCKNOW 226001, UTTAR PRADESH -, INDIA |
|
UNSECURED LOANS
|
PARTICULAR |
31.03.2012 (Rs.
In Million) |
31.03.2011 (Rs.
In Million) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances from others |
0.000 |
83.537 |
|
Total |
0.000 |
83.537 |
CHANGE OF ADDRESS
The registered office of the company has been shifted from Solitaire Corporate Park, Building No.4, 5th Floor, 431/432, 167, Guru Hargobindji Marg, Chakala, Andheri (East), Mumbai - 400093, Maharashtra, India to the present address w.e.f. 27.08.2010.
NATURE OF OPERATION:
[AS ON 31.03.2012]
Subject was incorporated on 28th March 2007 and is engaged in the
business of adventure tourism and other sports related activities.
CONTINGENT
LIABILITIES (AS ON 31.03.2012):
Bank Guarantee Rs. 1702.000 Million
The company has furnished the above bank guarantee to BCCI - IPL for due
fulfillment by the company of its obligation under the franchiseagreement with
BCCI - IPL.
Franchisee Consideration of US$ 358.90 equivalent to Rs. 16510.000
Million payable to BCCI-IPL in terms of the franchise agreement dated 6.4.2010.
FIXED ASSETS
Tangible Assets
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Motor Vehicles
· Office Equipment
· Computer Equipments
· Other Equipments
Intangible Assets
· Licenses and Franchise
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.62.26 |
|
|
1 |
Rs.92.49 |
|
Euro |
1 |
Rs.66.99 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
---- |
|
--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 |
|
15 |
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.