MIRA
INFORM REPORT
|
Report No. : |
334205 |
|
Report Date : |
01.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
ALSTRONG ENTERPRISES INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
75, |
|
Tel. No.: |
91-11-29542698 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
16.09.2011 |
|
|
|
|
Com. Reg. No.: |
55-225135 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.21.455 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28910DL2011PTC225135 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJCA8713G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Aluminium Composite Panel sheets, allied products and colour coated coil. |
|
|
|
|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1600000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Exists |
|
|
|
|
Comments : |
Subject is a part of the W W Group. It is well-established company having satisfactory track record. Financial position of the company seems to be good. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be usually correct and as per commitment. The company can be considered for normal business dealing 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.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
CRISIL |
|
Rating |
Long term rating: BBB+ (Suspended) |
|
Rating Explanation |
Have moderate degree of safety and carry moderate credit risk. |
|
Date |
17.02.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A2 (Suspended) |
|
Rating Explanation |
Have strong degree of safety and carry low credit risk. |
|
Date |
17.02.2015 |
Reason for suspension: The suspension of rating is on account of
non-cooperation by alstrong with crisil’s efforts to undertake a review of the
ratings outstanding.
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
31-03-2013.
INFORMATION DECLINED BY
|
Name : |
Mr. Gopal Gupta |
|
Designation : |
DGM in Accounts |
|
Contact No.: |
91-9650366113 |
|
Date : |
31.07.2015 |
LOCATIONS
|
Registered Office : |
75, Khirki Village, Malviya Nagar, New Delhi – 110017, India |
|
Tel. No. : |
91-11-29542698 / 29542460 / 29544896 |
|
Fax No. : |
91-11-29545475 |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
|
Locality: |
Commercial |
|
|
|
|
Head Office : |
E-40/3, Okhla Industrial Area, Phase – II, New Delhi – 110020, India |
|
Tel No.: |
91-11-43122777 |
|
Fax No.: |
91-11-43122999 |
|
E-Mail : |
|
|
Website: |
|
|
|
|
|
Factory: |
Unit-II, Phase-II, SIDCO Industrial Growth Centre Samba Jammu –
184121, Jammu and Kashmir, India |
DIRECTORS
AS ON 27.09.2014
|
Name : |
Mr. Naveen Agrawal |
|
Designation : |
Director |
|
Address : |
B - 12B, First Floor, Kalkaji, New Delhi – 110019, Delhi, India |
|
Date of Birth/Age : |
19.11.1978 |
|
Date of Appointment : |
23.08.2010 |
|
DIN No.: |
00113809 |
|
|
|
|
Name : |
Mr. Ramesh Kumar Bhat |
|
Designation : |
Director |
|
Address : |
I-1612, Ground Floor, Chittaranjan Park, New Delhi,
110019, India |
|
Date of Birth/Age : |
09.03.1956 |
|
Date of Appointment : |
25.04.2014 |
|
DIN No.: |
01958539 |
|
|
|
|
Name : |
Mr. Sunil Kumar Maheshwari |
|
Designation : |
Director |
|
Address : |
504 Dev 20 Apartment, Azad Society, Ahmedabad - 380015,
Gujarat, India |
|
Date of Birth/Age : |
10.08.1964 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
02317160 |
|
Name : |
Mr. Pawan Kumar Goyal |
|
Designation : |
Additional director |
|
Address : |
House No.202, Sector-28, Faridabad - 121006, Haryana,
India |
|
Date of Appointment : |
29.01.2015 |
|
DIN No.: |
00231460 |
KEY EXECUTIVES
|
Name : |
Mr. Gopal Gupta |
|
Designation : |
DGM in Accounts |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2014
|
Names of Shareholders |
No. of Shares |
|
Piyoosh Goyal |
536313 |
|
Alstrong ACP Manufacturing India Private Limited, India |
1909092 |
|
Naveen Agrawal |
10 |
|
Shuchi Bansal |
10 |
|
Anil Misra |
10 |
|
Varun Bhasin |
10 |
|
Arun Kumar |
10 |
|
Total |
2445455 |
Equity Share Break up (Percentage of Total Equity)
AS ON 27.09.2014
|
Category |
Percentage |
|
Bodies corporate |
78.00 |
|
Other top fifty shareholders |
22.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Aluminium Composite Panel sheets, allied
products and colour coated coil. |
|
|
|
|
Products : |
· Aluminium Composite Panel sheets ·
Allied products and colour coated coil. |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
Punjab National Bank, Branch Navyug Market,Navyug Market, Ghaziabad - 201001, Uttar Pradesh, India
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Financial Institute: |
Tata Capital Financial Services Limited, One Forbes,Dr. V. B. Gandhi
Marg, Fort, Mumbai - 400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Avdhesh Bansal and Company Chartered Accountant |
|
Address : |
26/11, Shakti Nagar, Back Portion, New Delhi – 110007, Delhi, India |
|
Tel. No.: |
91-11-23840082 |
|
Mobile No.: |
91-9999913096 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AATFA0880F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Ultimate Holding
company: |
· Alstrong ACP Manufacturing India Private Limited, India [U27203DL2007PTC169060] |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives: |
· Maple Logistics Private Limited, India [U63090DL2004PTC123819] · Maple ODC Movers Private Limited, India [U60231DL2011PTC224472] · Wone Management Systems Private Limited, India [U74140DL2008PTC181301] · Alstrong International- Partnership Firm · Alubond Enterprises · Worlds Window Infrastructure and Logistics Private Limited, India [U74996DL2006PTC149207] · Worlds Window Impex India Private Limited, India [U51109DL1997PTC085138] · Dharitrimaa Urja Private Limited, India [U10100DL2011PTC213669] · Vastustar Trading Private Limited, India [U51909DL2004PTC126459] · Worlds Window Alstrong Building Material trading (L.L.C) |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2250000 |
Equity Shares |
Rs.10/- each |
Rs.22.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2145455 |
Equity Shares |
Rs.10/- each |
Rs.21.455 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 |
21.455 |
21.455 |
20.000 |
|
(b) Reserves & Surplus |
450.587 |
423.710 |
317.022 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
90.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
562.042 |
445.165 |
337.022 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
691.812 |
545.939 |
292.305 |
|
(b) Deferred tax liabilities
(Net) |
70.404 |
46.586 |
6.390 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
12.260 |
8.695 |
2.115 |
|
Total
Non-current Liabilities (3) |
774.476 |
601.220 |
300.810 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
704.342 |
564.514 |
335.235 |
|
(b) Trade payables |
342.523 |
271.307 |
29.096 |
|
(c) Other current liabilities |
270.001 |
99.078 |
112.434 |
|
(d) Short-term provisions |
20.765 |
34.001 |
13.436 |
|
Total
Current Liabilities (4) |
1337.631 |
968.900 |
490.201 |
|
|
|
|
|
|
TOTAL |
2674.149 |
2015.285 |
1128.033 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
875.401 |
627.444 |
328.969 |
|
(ii) Intangible Assets |
3.225 |
3.952 |
4.283 |
|
(iii) Capital work-in-progress |
9.849 |
9.874 |
130.216 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
41.156 |
10.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
28.874 |
23.334 |
8.683 |
|
(e) Other Non-current assets |
32.493 |
9.958 |
0.000 |
|
Total
Non-Current Assets |
990.998 |
684.562 |
472.151 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
632.051 |
458.746 |
228.730 |
|
(c) Trade receivables |
455.569 |
411.782 |
235.365 |
|
(d) Cash and cash equivalents |
100.393 |
65.872 |
56.785 |
|
(e) Short-term loans and
advances |
430.208 |
371.315 |
114.656 |
|
(f) Other current assets |
64.930 |
23.008 |
20.346 |
|
Total
Current Assets |
1683.151 |
1330.723 |
655.882 |
|
|
|
|
|
|
TOTAL |
2674.149 |
2015.285 |
1128.033 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
1365.025 |
510.661 |
|
|
Other Income |
|
0.654 |
0.613 |
|
|
Provision for contingencies made in earlier years reversed
|
|
0.000 |
7.332 |
|
|
TOTAL
(A) |
1842.835 |
1365.679 |
518.606 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
|
353.407 |
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
1784.417 (Financial
Expenses and Depreciation) |
1245.138 (Financial
Expenses and Depreciation) |
-42.128 |
|
|
Employees benefits expense |
41.185 |
||
|
|
Other expenses |
100.595 |
||
|
|
TOTAL
(B) |
453.059 |
||
|
|
|
|
||
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
65.547 |
||
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
18.589 |
||
|
|
|
|
||
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
46.958 |
||
|
|
|
|
||
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
3.546 |
||
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
58.418 |
120.541 |
43.412 |
|
|
|
|
|
|
|
Less |
TAX (H) |
31.541 |
52.399 |
6.390 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
26.877 |
68.142 |
37.022 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
105.164 |
37.022 |
0.000 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
132.041 |
105.164 |
37.022 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
450.069 |
125.465 |
|
|
Capital Goods |
NA |
20.205 |
258.398 |
|
|
TOTAL
IMPORTS |
NA |
470.274 |
383.863 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
12.53 |
31.76 |
67.48 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
103.370 |
42.939 |
16.200 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
237.820 |
(222.971) |
221.504 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
NA |
4.99 |
7.25 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
NA |
12.84 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.23 |
6.04 |
4.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.27 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.67 |
2.59 |
1.91 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26 |
1.37 |
1.34 |
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 |
20.000 |
21.455 |
21.455 |
|
Reserves & Surplus |
317.022 |
423.710 |
450.587 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
90.000 |
|
Net
worth |
337.022 |
445.165 |
562.042 |
|
|
|
|
|
|
long-term borrowings |
292.305 |
545.939 |
691.812 |
|
Short term borrowings |
335.235 |
564.514 |
704.342 |
|
Current maturities of
long-term debts |
16.200 |
42.939 |
103.370 |
|
Total
borrowings |
643.740 |
1153.392 |
1499.524 |
|
Debt/Equity
ratio |
1.910 |
2.591 |
2.668 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
518.606 |
1365.679 |
1842.835 |
|
|
|
163.337 |
34.939 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
518.606 |
1365.679 |
1842.835 |
|
Profit |
37.022 |
68.142 |
26.877 |
|
|
7.14% |
4.99% |
1.46% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATIONS DETAILS
$~21
*
IN THE HIGH COURT OF DELHI AT NEW DELHI
+ CO.PET. 515/2014
UNILITE PLASTIC INDUSTRIES LIMITED ..... Petitioner
Through Mr. C. S. Gupta, Advocate.
Versus
M/S ALSTRONG ENTERPRISES INDIA (PRIVATE) LIMITED ..... Respondent
Through Mr. A. K. Babbar and Mr. Surinder, Advocates.
CORAM:
HON'BLE MR. JUSTICE SUDERSHAN KUMAR MISRA
O R D E R
% 16.03.2015
CO.PET. 515/2014 & Co.Appln .No.2874/2014
List on 08.10.2015.
SUDERSHAN KUMAR MISRA, J
MARCH 16, 2015
dr
NOTE: Registered office of the company has been shifted from 95, Khirki Village, Malviya Nagar, New Delhi – 110017, India to the present address w.e.f. 16.04.2012
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Intercorporate deposits |
0.000 |
9.750 |
|
Loans and advances from others |
397.075 |
194.320 |
|
Total |
397.075 |
204.070 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10428428 |
07/05/2013 |
730,000.00 |
PUNJAB NATIONAL BANK |
ICD, LONI, GHAZIABAD, UTTAR PRADESH - 201102, INDIA |
B75989921 |
|
2 |
10379369 |
10/09/2012 |
50,000,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
ONE FORBES,, DR. V.
B. GANDHI MARG, FORT, MUMBAI, |
B59234849 |
|
3 |
10339890 |
23/09/2013 * |
1,525,000,000.00 |
PUNJAB NATIONAL BANK |
BRANCH NAVYUG
MARKET, NAVYUG MARKET, GHAZIABAD, U |
B89445514 |
|
4 |
10338793 |
23/09/2013 * |
1,525,000,000.00 |
PUNJAB NATIONAL BANK |
BRANCH NAVYUG
MARKET, NAVYUG MARKET, GHAZIABAD, U |
B89445118 |
* Date of charge modification
FIXED ASSETS
Tangible assets
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
· Other equipments
· Leasehold improvements
Intangible assets
· Computer software
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.64.01 |
|
UK Pound |
1 |
Rs.99.84 |
|
Euro |
1 |
Rs.70.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
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 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
47 |
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.