MIRA INFORM REPORT
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Report No. : |
317655.2 |
|
Report Date : |
18.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
PERFECT POLYMERS |
|
|
|
|
Registered
Office : |
608, Autumn Groove, Akurli Road, Lokhandwala Complex, Kandivali
(East), Mumbai – 400 101, Maharashtra |
|
Tel. No.: |
91-22-40167184 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2015 (Provisional) |
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|
|
|
Date of
Incorporation : |
22.01.2009 |
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|
|
|
Capital
Investment : |
Rs.29.372 million |
|
|
|
|
IEC No.: |
0309001439 |
|
|
|
|
TIN No.: |
27130721993 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAKFP6770A |
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|
|
|
Legal Form : |
Partnership Concern with an unlimited liability of the Partners |
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Line of Business
: |
Trader and Importer of Polymers, Chemicals and Nylon Yarn. |
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|
|
|
No. of Employees
: |
8 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
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Litigation : |
Clear |
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Comments : |
Subject is an established partnership concern having satisfactory track record. Profitability of the concern seems to be low during 2014. However, general financial position of the concern is decent. Trade relations are fair. Business is active. Payment terms are reported to be slow but correct. The concern can be considered normal for business dealings at usual trade terms and conditions. Note: As claimed by Mr. Suresh Kumar Agarwal (Partner) that the date of incorporation of the concern is 22nd January, 2009 and it has started its commercial activity from July, 2009 |
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
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. Suresh Kumar Agarwal |
|
Designation : |
Partner |
|
Contact No.: |
91-9820065184 |
|
Date : |
14.04.2015 |
LOCATIONS
|
Registered Office : |
608, Autumn Groove, Akurli Road, Lokhandwala Complex, Kandivali
(East), Mumbai – 400 101, Maharashtra, India |
|
Tel. No.: |
91-22-40167184/ 29664399 |
|
Mobile No.: |
91-9820065184 (Mr. Suresh K. Agarwal) 91-9920573403 (Kamal) |
|
Fax No.: |
91-22-29658401/ 29664399 |
|
E-Mail : |
|
|
Area : |
350 sq. ft. |
|
Location : |
Owned |
PARTNERS
|
Name : |
Mr. Suresh Kumar Agarwal |
|
Designation : |
Partner |
|
Address : |
1/C-1004,
Whispering Palms, Lokhandwala
Complex, Kandivali (East), Mumbai –
400 101, Maharashtra, India |
|
Date of Birth/ Age : |
53 Years |
|
Qualification : |
B.Com |
|
Experience : |
27 Years |
|
|
|
|
Name : |
Mrs. Lalita Devi Agarwal |
|
Designation : |
Partner |
|
Address : |
1/C-1004,
Whispering Palms, Lokhandwala
Complex, Kandivali (East), Mumbai –
400 101, Maharashtra, India |
|
Date of Birth/ Age : |
49 Years |
|
Qualification : |
B.Com |
|
Experience : |
5 Years |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Polymers, Chemicals and Nylon Yarn. |
|
|
|
|
Products : |
|
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|
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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 : |
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Products : |
·
Polymers ·
Chemicals ·
Nylon Yarn |
|
Countries : |
·
Saudi Arabia ·
USA ·
UAE ·
Qatar ·
Malaysia ·
Kuwait ·
Singapore ·
Japan, etc. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30/ 60/ 90 days) |
|
|
|
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Purchasing : |
L/C, Cash and Credit (30/ 60/ 90 days) |
GENERAL INFORMATION
|
Suppliers : |
·
Total Petrochemicals France, Doha, Qatar ·
Global Commodities Trading FZE, Dubai, UAE ·
Formosa Industries Corporation, Vietnam ·
Saudi Basic Industries Corp., Riyadh ·
Seacorp SDN BHD, Malaysia ·
Shinhan Trading Co. Limited, Korea ·
Chevron Phillips Singapore Chemicals
Private Limited, Singapore ·
Oman Refineries and Petrochemical Company
LLC, Oman ·
NCT Middle East FZE Dubai, UAE ·
B.N.
Kedia Company ·
Dhani
Rayon Private Limited ·
Ekta
Cargo Movers Private Limited ·
Harihar
Synthetics ·
Kankesh
Enterprises ·
Kuldoy
Services ·
N.B.
Jhunjhunwala and Company |
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Customers (As on 31.03.2014) : |
Wholesalers, End Users and Retailers
·
Beena Textiles ·
Bhavin Silk Industries ·
Dhruvesh Textiles ·
Dimple Tex ·
Ganesh Textiles ·
Hema Twisting Works ·
H K Lon ·
Jugal Textiles ·
Mai Tex ·
Mayur Fab ·
Mukesh Industries ·
Muktaraj Textiles ·
Nilesh Textiles ·
Om Shreeji Textiles ·
Ravi Textiles ·
Usha Textiles ·
Veer Textiles ·
V R Agency ·
Alok Industries
Limited ·
Ashirwad Impex ·
Badima Containers
Unit-I ·
Bhanu Plast ·
Sumeet Sales
Corporation ·
V M Corporation |
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No. of Employees : |
8 (Approximately) |
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Bankers : |
Oriental Bank of Commerce |
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Banking
Relations : |
-- |
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Auditors : |
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||||||
|
Name : |
B.N. Kedia and Company Chartered Accountants |
||||||
|
Address : |
507, Swapna Siddhi, Akurli Road, Near Raliway Station, Kandivali
(East), Mumbai – 400 101, Maharashtra, India |
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Tel. No.: |
91-22-28464411/ 28854411 |
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E-Mail : |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Sister Concerns : |
Pratik Plastics
Industries Factory Address: S.No.644, Gala No.3, Agarwal Industrial Estate,
Somnath, Dabhel, Daman – 396 215, Daman and Diu, India Area: 3000 sq. ft. Location: Owned Line of Business: Manufacturing and Recycling of Polymers. Mobile No.: 91-9898876860 (Mr. Yuvraj) No. of Employees: 30 (Approximately) PRODUCTION STATUS:
|
CAPITAL STRUCTURE
|
Capital Investment : |
31.03.2015 (Rs.
in million) |
|
Capital Account |
|
|
Lalita Devi Agarwal |
11.365 |
|
Suresh Kumar Agarwal |
18.007 |
|
Total |
29.372 |
|
Capital Investment : |
31.03.2014 (Rs.
in million) |
|
Capital Account |
|
|
Lalita Devi Agarwal |
9.349 |
|
Suresh Kumar Agarwal |
24.852 |
|
Total |
34.201 |
|
CAPITAL ACCOUNT |
|
SURESH
KUMAR AGRAWAL |
|
FOR THE YEAR ENDED ON 31ST
MARCH 2014 |
|
Particulars |
Amount (Rs. In million) |
Particulars |
Amount (Rs. In million) |
|
LIC Premium
|
0.309 |
Opening Balance
|
12.636 |
|
PPF |
0.010 |
OBC |
36.698 |
|
HSBC Canara Ins |
0.100 |
Interest on Capital |
1.423 |
|
Max Life Insurance |
0.036 |
Share of Profit from Business |
1.455 |
|
Rajesh Life Style |
0.500 |
|
|
|
Income tax Demand |
0.054 |
|
|
|
Income Tax 12-13 |
0.190 |
|
|
|
Medicliam |
0.016 |
|
|
|
TDS W/Off-50% |
0.047 |
|
|
|
OBC |
25.894 |
|
|
|
Income Tax- A.Y. 2013-14 |
0.204 |
|
|
|
Balance C/f |
24.852 |
|
|
|
|
52.212 |
|
52.212 |
|
CAPITAL ACCOUNT |
|
LALITA DEVI AGARWAL |
|
FOR THE YEAR ENDED ON 31ST
MARCH 2014 |
|
Particulars |
Amount (Rs. In million) |
Particulars |
Amount (Rs. In million) |
|
OBC Bank |
7.365 |
Opening
Balance |
3.582 |
|
LIC Insurance |
0.055 |
Interest on Capital |
0.504 |
|
Canara OBC Insurance |
0.199 |
OBC Bank |
12.095 |
|
GDC Kharghar |
0.354 |
Share of Profit from Business |
1.455 |
|
Interest on House Loan |
0.053 |
|
|
|
PPF |
0.010 |
|
|
|
TDS W/off-50% |
0.047 |
|
|
|
Income Tax-A.Y. 2013-14 |
0.204 |
|
|
|
Balance C/f |
9.349 |
|
|
|
|
17.636 |
|
17.636 |
FINANCIAL DATA
[all figures are
in Rupees Million]
Note: Sole Proprietary and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2015 (Provisional) |
31.03.2014 |
31.03.2013 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partner’s Capital |
29.372 |
34.201 |
16.218 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
9.951 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
39.323 |
34.201 |
16.218 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.067 |
17.258 |
7.575 |
|
|
2] Unsecured Loans |
20.484 |
24.262 |
28.746 |
|
|
TOTAL BORROWING |
21.551 |
41.520 |
36.321 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
60.874 |
75.721 |
52.539 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.224 |
0.084 |
0.069 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
18.180
|
5.871 |
8.024 |
|
|
Sundry Debtors |
72.902
|
60.229 |
62.057 |
|
|
Cash & Bank Balances |
1.109
|
41.683 |
15.091 |
|
|
Other Current Assets |
43.487
|
17.855 |
19.544 |
|
|
Loans & Advances |
1.600
|
7.065 |
6.198 |
|
Total
Current Assets |
137.278
|
132.703 |
110.914 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
74.449
|
53.569 |
51.194 |
|
|
Other Current Liabilities |
2.021
|
2.229 |
6.050 |
|
|
Provisions |
0.158
|
1.268 |
1.200 |
|
Total
Current Liabilities |
76.628
|
57.066 |
58.444 |
|
|
Net Current Assets |
60.650
|
75.637 |
52.470 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
TOTAL |
60.874 |
75.721 |
52.539 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2015 (Provisional) |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
640.359 |
700.716 |
495.308 |
|
|
|
Other Income |
3.225 |
4.337 |
1.113 |
|
|
|
TOTAL |
643.584 |
705.053 |
496.421 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost
of Goods Sold |
497.770 |
544.528 |
404.866 |
|
|
|
Anti-Dumping
Duty Charges |
0.000 |
95.784 |
1.105 |
|
|
|
Clearing
& Forwarding Charges |
12.092 |
11.912 |
9.411 |
|
|
|
Custom
Duty |
33.867 |
0.000 |
65.705 |
|
|
|
DEPB
Licence |
74.911 |
21.154 |
0.000 |
|
|
|
Transportation
Charges |
3.662 |
3.378 |
2.372 |
|
|
|
Warehouse
Charges |
0.295 |
0.178 |
0.134 |
|
|
|
Vehicle
expenses |
0.033 |
0.113 |
0.052 |
|
|
|
Audit
Fees |
0.000 |
0.040 |
0.039 |
|
|
|
Sales
Promotion Expenses |
0.218 |
0.029 |
0.030 |
|
|
|
Consultation
Charges |
0.021 |
0.010 |
0.090 |
|
|
|
Salary
& Wages |
1.037 |
1.335 |
0.794 |
|
|
|
Interest
and Bank charges |
5.136 |
5.070 |
3.867 |
|
|
|
Conveyance
& Travelling |
0.234 |
0.170 |
0.337 |
|
|
|
Commission
Charges |
1.701 |
1.759 |
0.586 |
|
|
|
Professional
charges |
0.059 |
0.104 |
0.076 |
|
|
|
General
Expenses |
0.375 |
1.005 |
0.774 |
|
|
|
Printing
and Stationery |
0.080 |
0.073 |
0.073 |
|
|
|
Staff
welfare expenses |
0.020 |
0.020 |
0.010 |
|
|
|
Currency
Fluctuation Gain/ Loss |
0.505 |
12.141 |
0.000 |
|
|
|
Professional
Tax |
0.021 |
0.119 |
0.000 |
|
|
|
Discount,
Rate Diff & W/off |
(0.064) |
0.000 |
0.000 |
|
|
|
Donation
A/c |
0.008 |
0.000 |
0.000 |
|
|
|
Electricity
Expenses |
0.077 |
0.000 |
0.000 |
|
|
|
Insurance
Charges |
0.110 |
0.000 |
0.000 |
|
|
|
Maintenance
Charges |
0.113 |
0.000 |
0.000 |
|
|
|
Postage
and Courier Expenses |
0.016 |
0.000 |
0.000 |
|
|
|
Property
Tax |
0.034 |
0.000 |
0.000 |
|
|
|
Quality
Claim Expenses |
0.471 |
0.000 |
0.000 |
|
|
|
Telephone
Expenses |
0.151 |
0.000 |
0.000 |
|
|
|
Stamping
Charges |
0.680 |
0.000 |
0.000 |
|
|
|
Interest on Partners Capital |
|
|
|
|
|
|
Suresh
K. Agarwal |
0.000 |
1.423 |
0.617 |
|
|
|
Lalita
Devi Agarwal |
0.000 |
0.504 |
0.188 |
|
|
|
TOTAL |
633.633 |
700.849 |
491.126 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
9.951 |
4.204 |
5.295 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.000 |
0.026 |
0.018 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
9.951 |
4.178 |
5.277 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
1.268 |
1.184 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
9.951 |
2.910 |
4.093 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.55
|
0.42 |
0.83 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.24
|
3.15 |
4.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25
|
0.12 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.55
|
1.21 |
2.24 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.79
|
2.33 |
1.90 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 (Provisional) |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Share Capital |
16.218 |
34.201 |
29.372 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Money received against share warrants |
0.000 |
0.000 |
9.951 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
16.218 |
34.201 |
39.323 |
|
|
|
|
|
|
Secured Loans |
7.575 |
17.258 |
1.067 |
|
Unsecured Loans |
28.746 |
24.262 |
20.484 |
|
Total borrowings |
36.321 |
41.520 |
21.551 |
|
Debt/Equity ratio |
2.240 |
1.214 |
0.548 |
_MIRA%2018-Apr-2015_files/image001.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 (Provisional) |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Sales |
495.308 |
700.716 |
640.359 |
|
|
|
41.471 |
-8.614 |
_MIRA%2018-Apr-2015_files/image002.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 (Provisional) |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Sales |
495.308 |
700.716 |
640.359 |
|
Profit |
4.093 |
2.910 |
9.951 |
|
|
0.83% |
0.42% |
1.55% |
_MIRA%2018-Apr-2015_files/image003.gif)
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 |
No |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
No |
|
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 |
TRADE REFERENCES:
|
S. No. |
Suppliers |
Address |
Contact No. |
Person |
|
1 |
Aashiwad
Poly Prints |
Plot
No. H-8, Udyog Nagar, OIDC, Industrial Area, Ringanwada Daman – 396 210,
India |
91-22-26851122 91-9821335489 |
Mr.
Bhavin |
|
2 |
Aashiwad
lmpex |
A-3,
Tri Star Co-Operative Housing Society, Mahavir Nagar, Kandivali (West) Mumbai
– 400 062, Maharashtra, India |
91-22-28780713 |
Mr.
Raju Bhai |
|
3 |
Bhanu
Plast |
106/D-14,
Yogi Vardan, Yogi Nagar, Borivali (West), Mumbai – 400 091, Maharashtra,
India |
91-9322338399 |
Mr.
Pramod |
|
4 |
Badamia
Containers |
Plot
No.104/46, G.I.D.C. Palej Industrial Area, Palej – 392 220, Bharuch, Gujarat,
India |
91-22-26851800 |
Mr.
Ramesh |
|
5 |
lsha
Plast lmpex Private Limited |
A1203, Kailash Tower,
Behind S.T.C. Colony, N.S. Phadke Marg, Andheri (East), Mumbai – 400 069,
Maharashtra, India |
91-22-26825370 |
Mr.
Valia |
|
6 |
Anant
Plastic Industries |
Sekasaria Industrial
Estate, Ground Floor, New Complex, Chincholi Bunder Road, Malad (West),
Mumbai – 400 064, Maharashtra, India |
91-22-28779369 |
Mr.
V. Tibdewal |
|
7 |
Neer
Irrigation Private Limited |
20/21, Jainam Industrial
Park, Near Shangrila Water Park, Borivali (Kukse), Bhiwandi, Maharashtra,
India |
91-22-27691188 |
Mr.
Vijay |
|
8 |
Vinayaka
Polymers |
B/17,
Devka Place, Badi, Mumbai-64 |
91-22-28883794 |
Mr.
Ghanshyam |
|
9 |
Vrindavan
Plastic Industries |
12/B, Golden Industrial
Estate, Somnath Road, Nani Daman, Daman – 396 210, India |
91-22-28213420 |
Mr.
Jayesh |
|
10 |
Goel
Enterprises |
201,
Vishwananak Apartment Chakala Road, Andheri (East), Mumbai – 400 099,
Maharashtra, India |
91-22-28362635 |
Mr.
Piyush |
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 records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l Anti-Money
Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report : No press reports / filings exists on the
subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.35 |
|
|
1 |
Rs.93.09 |
|
Euro |
1 |
Rs.67.13
|
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
-- PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
46 |
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.