MIRA INFORM REPORT
|
Report No. : |
319393 |
|
Report Date : |
27.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
SPECTRUM DYES AND CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
301, Acme Plaza, Andheri Kurla Road, Andheri (East), Mumbai – 400059,
Maharashtra |
|
Tel. No.: |
91-261-2895410 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
06.09.1989 |
|
|
|
|
Com. Reg. No.: |
11-176088 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.136.417 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH1989PTC176088 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTS00486D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCS3979A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Disperse Dyes and Intermediates. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
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 was promoted by Mr. M. K. Chaudhary in 1989. It is engaged in
the manufacturing of disperse dyes which are used in dyeing and printing of polyester
fibre. It is an established company having satisfactory track record. Rating takes into consideration wide experience of the promoters in
the field of textile and related business segments supported by established
track record of spectrum in the disperse dye industry and sound operational
base of the company. Rating also takes into consideration company sound financial risk
profile and fair liquidity position of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. In view of long and established track record of business operations,
the company can be considered 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities= BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
13.11.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities= A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
13.11.2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Yogesh Gupta |
|
Designation : |
Director |
|
Contact No.: |
91-9824102590 |
|
Date : |
25.04.2015 |
LOCATIONS
|
Registered Office : |
301, Acme Plaza, Andheri Kurla Road, Andheri (East), Mumbai – 400059,
Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9824102590 (Mr. Yogesh Ramavtar Gupta) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Block No. 484, 502 and 503k, |
|
Tel. No.: |
91-2622-264259 |
|
Fax No.: |
91-2622-264615 |
|
Area : |
50000 sq. mts. |
|
Location : |
Owned |
|
|
|
|
Factory : |
B-502/503, National Highway # 8, Palsana, District Surat - 394315,
Gujarat, India |
|
Tel. No.: |
91-261-2895410 |
|
Fax No.: |
91-261-2895407 |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Mahendra Kumar Chawdhary |
|
Designation : |
Director |
|
Address : |
6/B, Rudrraj Apartment, Athwalines, Surat-395007, Gujarat, India |
|
Date of Birth/Age : |
09.06.1958 |
|
Qualification : |
Mechanical Engineer |
|
Date of Appointment : |
01.04.2004 |
|
PAN No.: |
ACCPC4066N |
|
DIN No.: |
00193199 |
|
|
|
|
Name : |
Mr. Yogesh Ramavtar Gupta |
|
Designation : |
Director |
|
Address : |
602, Solitaire Apartment, Brijwasi Complex, Parle Point, Surat-395007,
Gujarat, India |
|
Date of Birth/Age : |
10.03.1969 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
25.06.1991 |
|
PAN No.: |
ABTPG1944R |
|
DIN No.: |
00193245 |
|
|
|
|
Name : |
Mr. Anveep Bansal |
|
Designation : |
Director |
|
Address : |
7th Floor, Flat No.701 (Old), A-1 (New), Solitaire Building
Tower -4, Brijwasi Estate, Opposite Umrigar School, Parle Point,
Surat-395007, Gujarat, India |
|
Date of Birth/Age : |
12.05.1972 |
|
Qualification : |
Chemical Engineer |
|
Date of Appointment : |
06.08.1998 |
|
PAN No.: |
ACNPB6804G |
|
DIN No.: |
00193320 |
|
|
|
|
Name : |
Mr. Hardat Singh Tarar |
|
Designation : |
Director |
|
Address : |
B-502-03, N.H. No. 8, Palsana, Surat-395007, Gujarat, India |
|
Date of Birth/Age : |
12.03.1959 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
23.08.2002 |
|
PAN No.: |
AATPT7352F |
|
DIN No.: |
00193378 |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Mahendra Kumar Chawdhary |
3002 |
|
Urmila Chaudhary |
2847 |
|
Gyanesh Chaudhary |
500 |
|
Pramod Kumar Chaudhary |
20 |
|
Yogesh Gupta |
1 |
|
Paresh Chaudhary |
1500 |
|
Chaudhary Akshat |
1785 |
|
Nilam Chaudhary |
1288 |
|
Vikram Polyester Private Limited, India |
200 |
|
H.K. Chaudhary and Sons (HUF) |
360 |
|
Pratibha Overseas Private Limited, India |
3250 |
|
Bansal Avneep |
1 |
|
Pratibha Fabrics Limited, India |
7175 |
|
P.K. Chaudhary and Sons (HUF) |
250 |
|
Pioneer Syntex Private Limited, India |
2760 |
|
Ramavtar Gupta and Sons - HUF |
1 |
|
Premlata Gupta |
1 |
|
Ideal Trade Links Private Limited, India |
300 |
|
Mahendra Kumar Chaudhary and Sons (HUF) |
930 |
|
Swaraj Vikram Chaudhary (Minor) |
400 |
|
Devika Gupta |
1 |
|
Mangal Fibre and Allies Industries Limited, India |
400 |
|
Amol Fab Trade Private Limited, India |
8871 |
|
Fast-N-Perfect Tracon Private Limited, India |
2400 |
|
Vikram Capital Management Limited, India |
2900 |
|
Rich Point Financial Services Private Limited, India |
2200 |
|
Vayudoot Commercial Private Limited |
55159 |
|
Meenakshi Chaudhary |
900 |
|
Tarar Hardutt Singh |
1 |
|
Vijayalakshmi Commercial Private Limited, India |
9235 |
|
Highview Financial Consultancy, India |
27179 |
|
Gazel Ventur Private Limited, India |
600 |
|
|
|
|
Total |
136417 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
89.90 |
|
Directors or relatives of Directors |
10.10 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Disperse Dyes and Intermediates. |
|
|
|
|
Products : |
Disperse Dyes and Intermediates |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Saudi Arabia |
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Terms : |
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Selling : |
Cash, Credit (30 / 60 / 90 Days) |
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|
|
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Purchasing : |
Cash, Credit (30 / 60 / 90 Days) |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
· ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India · State Bank of India, MID Corporate Group Industrial Finance Branch, Marble Arch, Race Course Circle, Vadodara - 390007, Gujarat, India |
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Facilities : |
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Auditors : |
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|
Name : |
Pradeep Singhi and Associates Chartered Accountants |
|
Address : |
A-501, President Plaza, RTO Circle, Ring Road, Surat – 395001,
Gujarat, India |
|
Tel. No.: |
91-261-2474714/ 2474954 |
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PAN No.: |
ADRPS1701L |
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|
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Collaborators : |
Not Divulged |
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Membership : |
Not Divulged |
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|
|
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.1000/- each |
Rs.150.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
136417 |
Equity Shares |
Rs.1000/- each |
Rs.136.417 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 |
136.417 |
136.417 |
135.185 |
|
(b) Reserves & Surplus |
767.783 |
677.537 |
601.488 |
|
(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) |
904.200 |
813.954 |
736.673 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
113.892 |
204.198 |
244.816 |
|
(b) Deferred tax liabilities (Net) |
68.968 |
68.302 |
61.309 |
|
(c) Other long term
liabilities |
9.500 |
9.500 |
9.500 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
192.360 |
282.000 |
315.625 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
807.479 |
774.714 |
687.656 |
|
(b) Trade
payables |
493.726 |
407.248 |
287.973 |
|
(c) Other
current liabilities |
254.597 |
212.072 |
179.470 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
1555.802 |
1394.034 |
1155.099 |
|
|
|
|
|
|
TOTAL |
2652.362 |
2489.988 |
2207.397 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
675.677 |
723.781 |
720.834 |
|
(ii)
Intangible Assets |
0.039 |
0.059 |
0.080 |
|
(iii)
Capital work-in-progress |
38.852 |
34.524 |
23.916 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
18.354 |
9.355 |
8.705 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.070 |
|
Total Non-Current
Assets |
732.922 |
767.719 |
753.605 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
47.815 |
133.366 |
78.928 |
|
(b)
Inventories |
790.981 |
686.801 |
533.010 |
|
(c) Trade
receivables |
963.731 |
782.092 |
727.417 |
|
(d) Cash
and cash equivalents |
43.601 |
15.830 |
14.410 |
|
(e)
Short-term loans and advances |
8.987 |
36.186 |
16.062 |
|
(f) Other
current assets |
64.325 |
67.994 |
83.965 |
|
Total Current
Assets |
1919.440 |
1722.269 |
1453.792 |
|
|
|
|
|
|
TOTAL |
2652.362 |
2489.988 |
2207.397 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
127.078 |
105.014 |
90.309 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
36.832 |
34.416 |
29.116 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
90.246 |
70.598 |
61.193 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
367.110 |
296.512 |
235.319 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
457.356 |
367.110 |
296.512 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
284.220 |
97.614 |
73.517 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Import of Raw Materials |
1041.188 |
793.661 |
676.488 |
|
|
|
Import of Capital goods Stores & Spare Parts |
2.957 |
8.878 |
8.481 |
|
|
TOTAL IMPORTS |
1044.145 |
802.539 |
684.969 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
661.55 |
517.52 |
452.66 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets) |
(%) |
4.86 |
4.28 |
4.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.13 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.02 |
1.20 |
1.27 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23 |
1.24 |
1.26 |
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 |
135.185 |
136.417 |
136.417 |
|
Reserves & Surplus |
601.488 |
677.537 |
767.783 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
736.673 |
813.954 |
904.200 |
|
|
|
|
|
|
long-term borrowings |
244.816 |
204.198 |
113.892 |
|
Short term borrowings |
687.656 |
774.714 |
807.479 |
|
Total
borrowings |
932.472 |
978.912 |
921.371 |
|
Debt/Equity
ratio |
1.266 |
1.203 |
1.019 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
Rs.
In Million
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long term debt |
104.400 |
96.969 |
86.891 |
|
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 |
No |
|
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
Yes |
FINANCIAL
RESULTS
The Profit and Loss Account of the company shows a Net Profit Before Tax amounting to Rs.127.078 Million.
NOTE: The registered office of the company has been shifted from 207, Sanjay Building No. 3A Mittal Estate, Andheri (East), Mumbai – 400059, Maharashtra, India to the present address w.e.f. 17.09.2013.
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Loans and advances from related parties |
3.823 |
0.641 |
|
|
|
|
|
Total |
3.823 |
0.641 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10560444 |
05/02/2015 |
466,800,000.00 |
State Bank of India |
MID Corporate Group Industrial Finance Branch, Marble Arch, Race Course Circle, Vadodara, Gujarat - 390007, India |
C49597214 |
|
2 |
10562680 |
21/01/2015 |
640,000,000.00 |
Canara Bank |
3rd
Floor, Vankar Sangh Building, Opp. Resshamwa |
C50596527 |
|
3 |
10346585 |
03/01/2015 * |
395,100,000.00 |
State Bank of India |
MID Corporate Group Industrial Finance Branch, Marble Arch, Race Course Circle, Vadodara, Gujarat - 390007, India |
C41854662 |
|
4 |
10338783 |
29/02/2012 |
44,500,000.00 |
ICICI Bank Limited |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
B33521527 |
|
5 |
10127824 |
03/01/2015 * |
1,425,100,000.00 |
State Bank of India |
MID Corporate Group Industrial Finance Branch, Marble Arch, Race Course Circle, Vadodara, Gujarat - 390007, India |
C43119544 |
|
6 |
10123646 |
13/01/2015 * |
1,030,000,000.00 |
Bank of Baroda |
Mid Corporate Branch, 2nd Floor, Baroda Sun Complex, Ghod Dod Road, Surat, Gujarat - 395009, India |
C42567511 |
|
7 |
10043276 |
28/12/2010 * |
536,100,000.00 |
State Bank of India |
MID Corporate Group Industrial Finance Branch, Marble Arch, Race Course Circle, Vadodara, Gujarat - 390007, India |
B02281210 |
*Date of modification Charges
FIXED ASSETS:
v
Tangible
Assets
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer Equipments
· Other Equipments
v Intangible Assets
· Brands and Trade Marks
· Trade Marks
· Mastheads and Publishing Titles
· Mining rights
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.63.40 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.68.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
48 |
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.