MIRA INFORM REPORT
|
Report No. : |
318212 |
|
Report Date : |
20.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
BTM EXPORTS LIMITED |
|
|
|
|
Formerly Known
As : |
BTM EXPORTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
G2, Flat 17/41 West Punjab Bagh, Delhi-110026 |
|
Tel. No.: |
91-11-42466531 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
24.11.2004 |
|
|
|
|
Com. Reg. No.: |
55-130777 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 26.037 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909DL2004PLC130777 |
|
|
|
|
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
: |
Subject is engaged in business of trading of iron ore |
|
|
|
|
No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Sales turnover of the company has declined which has resulted into dip
in profit of the company during 2014. However, the rating takes into consideration experience of the
promoters with established track record in the textile industry marked by
sound financial base and adequate liquidity profile of the company. Trade relations are fair. Business is active. Payments are reported to
be usually correct. The company can be considered for business dealings at usual 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.
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. Sanjeev Tekriwal |
|
Designation : |
Director |
|
Contact No.: |
91-9810300946 |
|
Date : |
18.04.2015 |
LOCATIONS
|
Registered Office : |
G2, Flat 17/41 West Punjab Bagh, Delhi-110026, India |
|
Tel. No.: |
91-11-42466531 |
|
Mobile No.: |
91-9810300946 (Mr. Sanjeev) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Sanjeev Tekriwal |
|
Designation : |
Director |
|
Address : |
G-II, Flat No.17/41, West Punjabi Bagh, New Delhi-110 026, Delhi,
India |
|
Date of Birth/Age : |
27.09.1968 |
|
Date of Appointment : |
24.11.2004 |
|
PAN No.: |
ABQPT4757N |
|
DIN No.: |
00906942 |
|
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U17119DL1998PLC092372 |
BTM INDUSTRIES
LIMITED |
Director |
20/02/1998 |
20/02/1998 |
Active |
NO |
|
2 |
U18108RJ1994PTC008458 |
PRESTIGE
SUITINGS PRIVATE LIMITED |
Director |
30/09/2013 |
14/02/2003 |
Active |
NO |
|
3 |
U74899DL2005PLC142024 |
BTM CORP LIMITED |
Director |
21/10/2005 |
21/10/2005 |
Active |
NO |
|
4 |
U51909DL2004PLC130777 |
BTM EXPORTS
LIMITED |
Director |
24/11/2006 |
24/11/2006 |
Active |
NO |
|
5 |
U45200DL2008PTC183221 |
BTM DEVELOPERS
PRIVATE LIMITED |
Director |
12/09/2008 |
12/09/2008 |
Active |
NO |
|
6 |
U27100DL2008PLC184551 |
BTM STEEL AND
POWER LIMITED |
Director |
29/10/2008 |
29/10/2008 |
Active |
NO |
|
Name : |
Mr. Rajeev Tekriwal |
|
Designation : |
Director |
|
Address : |
A-107, Subhash Nagar, Bhilwara-311001, Rajasthan, India |
|
Date of Birth/Age : |
12.08.1971 |
|
Date of Appointment : |
24.11.2004 |
|
DIN No.: |
00911463 |
|
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U18108RJ1994PTC008458 |
PRESTIGE
SUITINGS PRIVATE LIMITED |
Director |
30/09/2013 |
16/12/1995 |
Active |
NO |
|
2 |
U17119DL1998PLC092372 |
BTM INDUSTRIES
LIMITED |
Director |
20/12/1998 |
20/12/1998 |
Active |
NO |
|
3 |
U51909DL2004PLC130777 |
BTM EXPORTS
LIMITED |
Director |
24/11/2004 |
24/11/2004 |
Active |
NO |
|
4 |
U74899DL2005PLC142024 |
BTM CORP LIMITED |
Managing
director |
17/04/2010 |
21/10/2005 |
Active |
NO |
|
5 |
U45200DL2008PTC183221 |
BTM DEVELOPERS
PRIVATE LIMITED |
Director |
12/09/2008 |
12/09/2008 |
Active |
NO |
|
6 |
U27100DL2008PLC184551 |
BTM STEEL AND
POWER LIMITED |
Director |
29/10/2008 |
29/10/2008 |
Active |
NO |
|
Name : |
Mr. Anil Tekriwal |
|
Designation : |
Director |
|
Address : |
A-107, Subhash Nagar, Bhilwara-311001, Rajasthan, India |
|
Date of Birth/Age : |
22.09.1964 |
|
Date of Appointment : |
22.09.2005 |
|
DIN No.: |
00909636 |
|
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 |
U18108RJ1994PTC008458 |
PRESTIGE
SUITINGS PRIVATE LIMITED |
Director |
30/09/2013 |
16/12/1995 |
- |
Active |
NO |
|
2 |
U17119DL1998PLC092372 |
BTM INDUSTRIES
LIMITED |
Managing
director |
20/02/1998 |
20/02/1998 |
- |
Active |
NO |
|
3 |
U51909DL2004PLC130777 |
BTM EXPORTS LIMITED |
Director |
22/09/2005 |
22/09/2005 |
- |
Active |
NO |
|
4 |
U74899DL2005PLC142024 |
BTM CORP LIMITED |
Director |
21/10/2005 |
21/10/2005 |
- |
Active |
NO |
|
5 |
U45200DL2008PTC183221 |
BTM DEVELOPERS
PRIVATE LIMITED |
Director |
12/09/2008 |
12/09/2008 |
- |
Active |
NO |
|
6 |
U27100DL2008PLC184551 |
BTM STEEL AND
POWER LIMITED |
Director |
29/10/2008 |
29/10/2008 |
- |
Active |
NO |
|
7 |
U15500DL2010PTC199793 |
DARKWHITE
EXPORTS PRIVATE LIMITED |
Director |
08/03/2010 |
08/03/2010 |
25/11/2011 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Sanjeev Tekriwal |
176200 |
|
Rajeev Tekriwal |
172855 |
|
Shakuntala Devi Tekriwal |
64285 |
|
Anil Tekriwal |
157140 |
|
Anil Tekriwal (HUF) |
105710 |
|
Sunita Devi Tekriwal |
82140 |
|
Biswanath Prasad Agarwal |
68570 |
|
Sanjeev Tekriwal (HUF) |
112855 |
|
Sanjana Devi Tekriwal |
101570 |
|
Biswanath Prasad Agarwal (HUF) |
111425 |
|
Rajeev Tekriwal (HUF) |
117140 |
|
Ragini Devi Tekriwal |
117855 |
|
Gunjan Makharia |
3000 |
|
Ritu Makharia |
51000 |
|
Sumitra Devi Makharia |
33000 |
|
Raj Kumar Makharia |
74000 |
|
Raj Kumar Makharia (HUF) |
2000 |
|
Sanjay Makharia |
47500 |
|
Sanjeet Makahria |
35500 |
|
Goodworth Commodities Private Limited, India |
970000 |
|
Total |
2603745 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
37.25 |
|
Directors or relatives of Directors |
62.75 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in business of trading of iron ore |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
Iron Ore |
|
Countries : |
China |
|
|
|
|
Imports : |
|
|
Products : |
LED Lights |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Cheque, Credit (30 Days) |
|
|
|
|
Purchasing : |
Cash, Cheque, Credit (30 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
Sirajuddin and Company |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
Essar Steel Limited |
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
No. of Employees : |
25 (Approximately) |
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
Bank of India - Cash Credit Limit
Rs. 400.000 Millions
|
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
A A J and Company Chartered Accountants |
|
Address : |
S-557, 2nd Floor, 206, Heera Complex, School Block
Shakarpur, India |
|
PAN No : |
ABPPJ1599P |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Sister Concern : |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2603745 |
Equity Shares |
Rs.10/- each |
Rs. 26.037
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
26.037 |
26.037 |
26.037 |
|
(b) Reserves & Surplus |
264.674 |
256.795 |
247.420 |
|
(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) |
290.711 |
282.832 |
273.457 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.158 |
2.464 |
0.549 |
|
(b) Deferred tax liabilities
(Net) |
1.388 |
1.540 |
0.854 |
|
(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) |
2.546 |
4.004 |
1.403 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
298.919 |
288.127 |
385.636 |
|
(b) Trade payables |
37.698 |
4.324 |
0.861 |
|
(c) Other current liabilities |
157.492 |
2.952 |
10.391 |
|
(d) Short-term provisions |
0.000 |
1.936 |
0.091 |
|
Total
Current Liabilities (4) |
494.109 |
297.339 |
396.979 |
|
|
|
|
|
|
TOTAL |
787.366 |
584.175 |
671.839 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
47.544 |
53.140 |
55.970 |
|
(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 |
0.960 |
0.715 |
0.565 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and
Advances |
1.487 |
1.522 |
1.746 |
|
(e) Other Non-current assets |
0.234 |
0.163 |
0.108 |
|
Total
Non-Current Assets |
50.225 |
55.540 |
58.389 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
316.977 |
114.519 |
217.892 |
|
(c) Trade receivables |
218.046 |
153.170 |
164.542 |
|
(d) Cash and cash equivalents |
0.577 |
81.650 |
2.198 |
|
(e) Short-term loans and
advances |
201.541 |
179.296 |
228.818 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
737.141 |
528.635 |
613.450 |
|
|
|
|
|
|
TOTAL |
787.366 |
584.175 |
671.839 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
2,521.957 |
3013.047 |
2927.504 |
|
|
Other Income |
0.997 |
9.534 |
42.272 |
|
|
TOTAL
(A) |
2522.954 |
3022.581 |
2969.776 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Material Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of Stock-in-Trade |
2065.208 |
2719.862 |
2371.626 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(202.457) |
103.372 |
259.975 |
|
|
Employees benefits expense |
6.320 |
6.550 |
7.858 |
|
|
Other expenses |
600.979 |
124.914 |
268.002 |
|
|
TOTAL
(B) |
2470.050 |
2954.698 |
2907.461 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
52.904 |
67.883 |
62.315 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
34.693 |
46.655 |
48.824 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
18.211 |
21.228 |
13.491 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
6.372 |
6.212 |
4.248 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
11.839 |
15.016 |
9.243 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
3.961 |
5.641 |
2.913 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
7.878 |
9.375 |
6.330 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
FOB Value of Exports |
607.435 |
164.570 |
NA |
|
|
TOTAL
EARNINGS |
607.435 |
164.570 |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
3.03 |
3.60 |
2.43 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
2830.000 |
Expected Sales (2015-16) : Rs. 3000.000 Millions
The above information has been parted by Mr. Sanjeev.
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
Net Profit Margin |
(%) |
0.31 |
0.31 |
0.22 |
|
|
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
2.10 |
2.25 |
2.13 |
|
|
|
|
|
|
|
|
|
Return on Total Assets |
(%) |
1.51 |
2.57 |
1.38 |
|
|
|
|
|
|
|
|
|
Return on Investment (ROI) |
|
0.04 |
0.05 |
0.03 |
|
|
|
|
|
|
|
|
|
Debt Equity Ratio |
|
1.03 |
1.03 |
1.41 |
|
|
|
|
|
|
|
|
|
Current Ratio |
|
1.49 |
1.78 |
1.55 |
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
26.037 |
26.037 |
26.037 |
|
Reserves & Surplus |
247.420 |
256.795 |
264.674 |
|
Net
worth |
273.457 |
282.832 |
290.711 |
|
|
|
|
|
|
long-term borrowings |
0.549 |
2.464 |
1.158 |
|
Short term borrowings |
385.636 |
288.127 |
298.919 |
|
Total
borrowings |
386.185 |
290.591 |
300.077 |
|
Debt/Equity
ratio |
1.412 |
1.027 |
1.032 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
2,927.504 |
3,013.047 |
2,521.957 |
|
|
|
2.922 |
-16.299 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR) |
(INR) |
(INR) |
|
Sales |
2,927.504 |
3,013.047 |
2,521.957 |
|
Profit |
6.330 |
9.375 |
7.878 |
|
|
0.22% |
0.31% |
0.31% |
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90330374 |
06/08/2014 * |
400,000,000.00 |
Bank of India |
New Delhi Mid
Corporate Branch, 37,Shaheed Bhagat |
C16830150 |
* Date of charge modification
FINANCIAL PERFORMANCE
During the year, the turnover of the company decreased from Rs. 3013.047 Millions to Rs.2521.957 Millions. The company has earned a profit after tax of Rs. 7.878 Millions during the F.Y.2013-14 in comparison to previous year profit after tax of Rs. 9.375 Millions. It is hopeful that in coming years the turnover and margins of the company will increase significantly and the company will achieve very healthy financial results.
FIXED ASSETS
- Land
- Building
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Office Equipments
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.62.34 |
|
|
1 |
Rs.93.09 |
|
Euro |
1 |
Rs.67.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
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 |
|
50 |
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.