MIRA INFORM REPORT
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Report No. : |
312283 |
|
Report Date : |
30.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
S. K. DISTRIBUTORS |
|
|
|
|
Registered Office
: |
Shop No 1 and 2, Sohrab Building, Premises Co-Operative Housing
Society 499/505,
Kalbadevi Road, Opposite Edward Cinema, Mumbai – 400002, Maharashtra |
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|
|
Tel. No.: |
91-22-22066677 |
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Country : |
India |
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Financials (as on)
: |
31.03.2015 (Provisional) |
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|
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Date of
Establishment : |
25.03.1996 |
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|
|
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Capital
Investment : |
Rs. 31.051 Million |
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|
|
IEC No.: |
Not Available |
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|
PAN No.: [Permanent Account No.] |
AAAFS9768D |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
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Line of Business
: |
Distributor of Taxol, Sprycel, Elixim, Perfalgan, Cancidas, Eliquis,
Januvia, Janumet, etc. |
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|
|
No. of Employees
: |
35 (Approximately) [In Office] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
The subject is an established partnership concern having a moderate
track record. Although concern has reported decent profitability during FY 2014. External
borrowings seem to be huge. Further the concern possesses moderate liquidity. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The concern can be considered for business dealings with some caution. |
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
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. Kaushal Desai |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9930220993 |
|
Date : |
24.04.2015 |
LOCATIONS
|
Registered Office : |
Shop No 1 & 2, Sohrab Building, 499-505, Kalbadevo Road, Opposite
Edward Cinema, Mumbai – 400002, Maharashtra, India |
|
Tel. No.: |
91-22-22066677/ 33 |
|
Mobile No.: |
91-9619861781/ 9930220993 (Mr. Kaushal Desai) |
|
Fax No.: |
91-22-22066677/ 33 |
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E-Mail : |
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|
Website : |
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|
Area : |
617.68 Sq. ft. |
|
Location : |
Owned |
PARTNERS
|
Name : |
Mr. Bipin Nemchand Shah |
|
Designation : |
Partner |
|
Address : |
1801, Devdarshan Building, Walkeshwar, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
07.03.1949 |
|
Qualification : |
B.E. |
|
Experience : |
35 Years |
|
PAN No.: |
AACPS5406N |
|
|
|
|
Name : |
S.K. Pariwar Trust |
|
Designation : |
Partner |
|
Address : |
3/A, Shivasagar Estate, Dr. A.B. Road, Worli, Mumbai – 400018,
Maharashtra, India |
|
Date of Incorporation : |
02.04.2005 |
KEY EXECUTIVES
|
Name : |
Mr. Kaushal Desai |
|
Designation : |
Accounts Manager |
BUSINESS DETAILS
|
Line of Business : |
Distributor of Taxol, Sprycel, Elixim, Perfalgan, Cancidas, Eliquis,
Januvia, Janumet, etc. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
· Bristol Mayers Squibb · Roche Products · MSD Pharmaceuticals · Johnson and Johnson |
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Exports : |
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|
Products : |
-- |
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Countries : |
-- |
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Imports : |
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Products : |
-- |
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Countries : |
-- |
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Terms : |
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Selling : |
Cash and Credit (30 Days and 60 Days) |
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|
|
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Purchasing : |
Cash and Credit (60 Days) |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers and End Users
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No. of Employees : |
35 (Approximately) [In Office] |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
Krshna and Associates Chartered Accountants |
|
Address : |
Ground Floor, Shree Ram Lakshmi Niwas, Near
Anthony Bakery, Kolbad, Thane (West), Thane – 400601, Maharashtra, India |
|
Tel. No.: |
91-22-25477009 |
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|
|
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Memberships : |
-- |
|
|
|
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Collaborators : |
-- |
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|
|
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Sister Concerns: |
S.K. Logistic Address: City Link Warehouse, Nasik Highway, Vadpe, Bhiwandi – 421301,
Thane, Maharashtra, India S.K. Brothers Address: Shop No 1&2, Sohrab Building, 499-505, Kalbadevi Road, Opposite
Edward Cinema, Mumbai – 400002, Maharashtra, India |
CAPITAL STRUCTURE
AS ON 31.03.2015
(PROVISIONAL)
(RS. IN MILLION)
|
PARTICULARS |
AMOUNT |
|
Capital Account |
|
|
Partners Current Capital Account |
30.976 |
|
Partners Fixed Capital Account |
0.075 |
|
|
|
|
Total |
31.051 |
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) |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partners Capital |
|
|
31.051 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Profit and Loss Account |
|
|
11.482 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
42.533 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
71.591 |
|
|
2] Unsecured Loans |
|
|
101.400 |
|
|
TOTAL BORROWING |
|
|
172.991 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
215.524 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
26.496 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
71.366
|
|
|
Sundry Debtors |
|
|
169.754
|
|
|
Cash & Bank Balances |
|
|
25.551
|
|
|
Other Current Assets |
|
|
(0.147)
|
|
|
Loans & Advances |
|
|
56.005
|
|
Total
Current Assets |
|
|
322.529
|
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
115.087
|
|
|
Other Current Liabilities |
|
|
0.342
|
|
|
Provisions |
|
|
18.078
|
|
Total
Current Liabilities |
|
|
133.507
|
|
|
Net Current Assets |
|
|
189.022
|
|
|
|
|
|
|
|
|
SUSPENSE A/C |
|
|
0.006 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
215.524 |
|
|
SOURCES OF
FUNDS |
|
|
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Partners Capital |
|
|
26.698 |
|
(b) Reserves & Surplus |
|
|
0.000 |
|
(c) Money
received against Share Warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application Money Pending
Allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
26.698 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term Borrowings |
|
|
71.222 |
|
(b) Deferred Tax Liabilities (Net) |
|
|
0.000 |
|
(c) Other Long Term
Liabilities |
|
|
0.000 |
|
(d) Long-Term
Provisions |
|
|
0.000 |
|
Total Non-Current
Liabilities (3) |
|
|
71.222 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term Borrowings |
|
|
80.016 |
|
(b) Trade
Payables |
|
|
30.406 |
|
(c) Other
Current Liabilities |
|
|
0.979 |
|
(d) Short-Term
Provisions |
|
|
20.754 |
|
Total Current
Liabilities (4) |
|
|
132.155 |
|
|
|
|
|
|
TOTAL |
|
|
230.075 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-Current Assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible Assets |
|
|
28.139 |
|
(ii)
Intangible Assets |
|
|
0.000 |
|
(iii)
Capital Work-in-progress |
|
|
0.000 |
|
(iv)
Intangible Assets under Development |
|
|
0.000 |
|
(b) Non-Current Investments |
|
|
50.543 |
|
(c) Deferred Tax Assets (net) |
|
|
0.000 |
|
(d)
Long-Term Loan and Advances |
|
|
0.000 |
|
(e) Other
Non-Current Assets |
|
|
0.386 |
|
Total Non-Current
Assets |
|
|
79.068 |
|
|
|
|
|
|
(2) Current Assets |
|
|
|
|
(a)
Current Investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
52.284 |
|
(c) Trade
Receivables |
|
|
78.397 |
|
(d) Cash
and Cash Equivalents |
|
|
0.273 |
|
(e)
Short-Term Loans and Advances |
|
|
20.036 |
|
(f) Other
Current Assets |
|
|
0.017 |
|
Total
Current Assets |
|
|
151.007 |
|
|
|
|
|
|
TOTAL |
|
|
230.075 |
|
SOURCES OF
FUNDS |
|
|
31.03.2013 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partners Capital |
|
|
24.158 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
24.158 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
52.136 |
|
|
2] Unsecured Loans |
|
|
55.034 |
|
|
TOTAL BORROWING |
|
|
107.170 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
131.328 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
30.924 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
48.316
|
|
|
Sundry Debtors |
|
|
55.635
|
|
|
Cash & Bank Balances |
|
|
30.928
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
16.680
|
|
Total
Current Assets |
|
|
151.559
|
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
37.873
|
|
|
Other Current Liabilities |
|
|
0.000
|
|
|
Provisions |
|
|
13.282
|
|
Total
Current Liabilities |
|
|
51.155
|
|
|
Net Current Assets |
|
|
100.404
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
131.328 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2015 (Provisional) |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
621.489 |
|
|
|
Other Income |
|
|
4.981 |
|
|
|
TOTAL (A) |
|
|
626.470 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
581.385 |
|
|
|
Administrative Expenses |
|
|
1.642 |
|
|
|
Postage, Telegram and Telephone |
|
|
0.267 |
|
|
|
Salaries, Wages and Bonus |
|
|
4.486 |
|
|
|
Power and Fuel Expenses |
|
|
0.426 |
|
|
|
Printing and Stationary |
|
|
0.291 |
|
|
|
Rent Rates and Taxes |
|
|
0.928 |
|
|
|
Repairs Maintenance |
|
|
0.049 |
|
|
|
Selling and Distribution
Expenses |
|
|
1.867 |
|
|
|
Staff Welfare Expenses |
|
|
0.700 |
|
|
|
Leave Salary |
|
|
0.183 |
|
|
|
TOTAL (B) |
|
|
592.224 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
34.246 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
19.588 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
14.658 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
3.176 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT/
(LOSS) (E-F)
(G) |
|
|
11.482 |
|
|
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
418.315 |
364.449 |
|
|
|
Other Income |
|
5.284 |
12.958 |
|
|
|
TOTAL (A) |
|
423.599 |
377.407 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
380.437 |
329.613 |
|
|
|
Employees benefits expense |
|
6.389 |
0.000 |
|
|
|
Other expenses |
|
4.780 |
16.704 |
|
|
|
TOTAL (B) |
|
391.606 |
346.317 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
|
31.993 |
31.090 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
15.292 |
12.460 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
16.701 |
18.630 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
3.407 |
3.747 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
|
13.294 |
14.883 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
4.800 |
5.050 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
|
8.494 |
9.833 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.85 |
2.03 |
2.70 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
5.51 |
7.65 |
8.53 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.29
|
4.73 |
5.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27
|
0.32 |
0.41 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
4.07
|
5.66 |
4.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.42
|
1.14 |
2.96 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015
(Provisional) |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
364.449 |
418.315 |
621.489 |
|
|
|
14.780 |
48.570 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015
(Provisional) |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
364.449 |
418.315 |
621.489 |
|
Profit |
9.833 |
8.494 |
11.482 |
|
|
2.70% |
2.03% |
1.85% |
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) |
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 |
Yes |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
No |
|
29] |
Last accounts filed at
ROC |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
------------------------------------------------------------------------------------------------------------------------------
UNSECURED LOANS
(RS.
IN MILLION)
|
PARTICULARS |
31.03.2015 (Provisional) |
|
Unsecured Loans |
101.401 |
|
|
|
|
Total |
101.401 |
------------------------------------------------------------------------------------------------------------------------------
S. K. DISTRIBUTORS
COMPUTATION OF TOTAL INCOME
(RS. IN MILLION)
|
PARTICULARS
|
31.03.2014 |
||
|
|
|
|
|
|
HOUSE PROPERTY |
|
|
0.096 |
|
|
|
|
|
|
BUSINESS
PROFESSION |
|
|
13.432 --------- |
|
|
|
|
|
|
GROSS TOTAL INCOME |
|
|
13.528 |
|
Less: Deductions under Chapter VI-A |
|
|
0.175 --------- |
|
|
|
|
13.353 |
|
|
|
|
|
|
TOTAL INCOME (Rounded U/s 288A) |
|
|
13.353 --------- |
|
Tax Payable |
|
|
4.006 |
|
Add: Surcharge @ 10% |
|
|
0.401 --------- |
|
|
|
|
4.407 |
|
Add: Education Cess @ 2% |
|
0.088 |
|
|
Add: Secondary and High Education Cess @ 1% |
|
0.044 --------- |
0.132 --------- |
|
|
|
|
4.539 |
|
Less: Tax Deducted at Source |
|
|
0.385 --------- |
|
|
|
|
4.154 |
|
Less: Advance Tax Paid |
|
|
1.700 --------- |
|
|
|
|
2.454 |
|
Add:
Interest u/s 234 |
|
|
|
|
U/s 234 B (1% x 2454300 x 6)/100) |
|
0.147 |
|
|
U/s 234 C(1) (3% x (1246300-0)) |
0.037 |
|
|
|
U/s 234 C(2) (3% x (2492600-1600000)) |
0.027 |
|
|
|
U/s 234 C(3) (4154300-1700000) |
0.025 -------- |
0.089 --------- |
0.236 --------- |
|
|
|
|
2.690 |
|
SA Tax Payable
(Rounded U/s 288B) |
|
|
|
|
Less: Self-Assessment Paid |
|
2.691 |
2.691 |
|
30-09-2014, 0510308, 49783 |
|
|
|
|
|
|
|
|
|
Net Tax
Refundable Rs. |
|
|
0.001 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. BIPIN NEMCHAND SHAH
(RS. IN MILLION)
|
NETWORTH |
RS.
102.875 MILLION |
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS
· Furniture and Fittings
· Plant and Machinery
· Computer
· Building
· Vehicles
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 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. 63.20 |
|
|
1 |
Rs. 97.01 |
|
Euro |
1 |
Rs. 69.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUC |
|
|
|
|
Report Prepared
by : |
MRI / BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
31 |
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.