MIRA INFORM REPORT
|
Report No. : |
334289 |
|
Report Date : |
03.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
AIRTECH SYSTEMS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-503, Vishal Apartments, Sir M.V. Road, Andheri (East), Mumbai – 400 069, Maharashtra |
|
Tel. No.: |
91-22-28722270/ 66935653 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
23.03.2004 |
|
|
|
|
Com. Reg. No.: |
11-145259 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.100
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29190MH2004PTC145259 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA20797A |
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|
|
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PAN No.: [Permanent Account No.] |
Not Available |
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|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Exporting of Engineering Items. |
|
|
|
|
No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 10800 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an
established company incorporated during the year 2004 having a satisfactory
track record. The company has progressed
well. It has achieved a fair profitability during FY 2014. Further, the
rating also takes into consideration favorable gap between trade payable and
trade receivable. Trade relations
are reported as fair. Business is active. Payment terms are reported to be
slow but correct. In view of
acceptable financial base, the company can be considered normal 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.
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 |
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
31-03-2013.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Vijay Aggarwal |
|
Designation : |
Manager |
|
Contact No.: |
91-9324644630 |
|
Date : |
30.07.2015 |
LOCATIONS
|
Registered Office : |
A-503, Vishal Apartments, Sir M.V. Road, Andheri (East), Mumbai – 400 069, Maharashtra, India |
|
Tel. No.: |
91-22-28722270/ 66935653 |
|
Mobile No.: |
91-9324644630 (Mr. Vijay Aggarwal) |
|
Fax No.: |
91-22-28592275 |
|
E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
Locality : |
Residential |
|
|
|
|
Corporate Office/ Marketing Office : |
B-110, Hind Saurashtra Estate, Marol Naka, Andheri (East), Mumbai –
400 059, Maharashtra, India |
|
|
|
|
Factory 1 : |
Plot No.5 and 6, Mohan
Bacchu Dubey and Sons Industrial Estate, Nandore Village, Palghar Manor Road,
Palghar (East), Taluka Palghar, District Thane – 401 404, Maharashtra, India |
|
Tel. No.: |
91-2525-314450 (Direct
Line) |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Khasra No.323 (MI), Central Hope Town, Selaqui, Dehradun – 248 197, Uttarakhand, India |
|
Tel. No.: |
91-135-2698355 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Sunil Satpal Aggarwal |
|
Designation : |
Director |
|
Address : |
A-503, Vishal Apartments, Sir M.V. Road, Andheri (East), Mumbai – 400 069, Maharashtra, India |
|
Date of Birth/Age : |
27.07.1969 |
|
Date of Appointment : |
23.03.2004 |
|
DIN No.: |
01265153 |
|
|
|
|
Name : |
Mr. Anil Satpal Aggarwal |
|
Designation : |
Director |
|
Address : |
A-503, Vishal Apartments, Sir M.V. Road, Andheri (East), Mumbai – 400 069, Maharashtra, India |
|
Date of Birth/Age : |
01.08.1963 |
|
Date of Appointment : |
23.03.2004 |
|
DIN No.: |
01265131 |
|
|
|
|
Name : |
Mrs. Aruna Vijay Aggarwal |
|
Designation : |
Director |
|
Address : |
A-503, Vishal Apartments, Sir M.V. Road, Andheri (East), Mumbai – 400 069, Maharashtra, India |
|
Date of Birth/Age : |
17.09.1965 |
|
Date of Appointment : |
23.03.2004 |
|
DIN No.: |
01096904 |
|
|
|
|
Name : |
Mr. Abhishek Anil Aggarwal |
|
Designation : |
Director |
|
Address : |
A-503, Vishal Apartments, Sir M.V. Road, Andheri (East), Mumbai – 400 069, Maharashtra, India |
|
Date of Appointment : |
02.03.2015 |
|
DIN No.: |
07134192 |
|
|
|
|
Name : |
Mr. Sumeet Vijay Aggarwal |
|
Designation : |
Director |
|
Address : |
A-503, Vishal Apartments, Sir M.V. Road, Andheri (East), Mumbai – 400 069, Maharashtra, India |
|
Date of Appointment : |
02.03.2015 |
|
DIN No.: |
07134196 |
|
|
|
|
Name : |
Ms. Rakhi Sunil Aggarwal |
|
Designation : |
Director |
|
Address : |
A-503, Vishal Apartments, Sir M.V. Road, Andheri (East), Mumbai – 400 069, Maharashtra, India |
|
Date of Appointment : |
02.03.2015 |
|
DIN No.: |
07134202 |
KEY EXECUTIVES
|
Name : |
Mr. Vijay Aggarwal |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Sunil Satpal Aggarwal |
3200 |
32.00 |
|
Anil Satpal Aggarwal |
3300 |
33.00 |
|
Aruna Vijay Aggarwal |
3300 |
33.00 |
|
Vijay Satpal Aggarwal |
100 |
1.00 |
|
Asharani Satpal Aggarwal |
100 |
1.00 |
|
Total |
10000 |
100.00 |
%20PRIVATE%20LIMITED%20-%20334289%2003-Aug-2015_files/image013.gif)
AS ON 30.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Exporting of Engineering Items. |
|
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Products : |
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|
Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Air Conditioner |
|
Countries : |
Saudi Arabia |
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Imports : |
Not Available |
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Terms : |
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Selling : |
L/C |
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Purchasing : |
Cheque |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
70 (Approximately) |
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Bankers : |
ICICI
Bank Limited |
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Facilities : |
NOTES: LONG-TERM
BORROWINGS a)
The Vehicle Loan is secured by way of Hypothecation of respective Vehicle. b)
Repayment profile of Term Loans is set out as below:
|
|
|
|
|
Auditors : |
|
|
Name : |
Ladha Singhal and Associates Chartered Accountants |
|
Address : |
209, Apollo Complex, R.K. Singh Marg, Off Parsi Panchayat Road, Andheri (East), Mumbai – 400 069, Maharashtra, India |
|
Tel. No.: |
91-22-28367200/ 28389989 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AABFL6978P |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprise owned or
controlled by the Key Managerial Person: |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
150000 |
Equity Shares |
Rs.10/- each |
Rs.1.500 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
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 |
0.100 |
0.100 |
0.100 |
|
(b) Reserves &
Surplus |
3.669 |
1.401 |
0.968 |
|
(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) |
3.769 |
1.501 |
1.068 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.586 |
0.539 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.689 |
0.090 |
0.053 |
|
(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) |
1.275 |
0.629 |
0.053 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
43.663 |
7.275 |
3.410 |
|
(b) Trade payables |
6.521 |
2.079 |
1.319 |
|
(c) Other current
liabilities |
4.924 |
10.746 |
1.492 |
|
(d) Short-term provisions |
0.600 |
0.245 |
0.149 |
|
Total Current Liabilities
(4) |
55.708 |
20.345 |
6.370 |
|
|
|
|
|
|
TOTAL |
60.752 |
22.475 |
7.491 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
19.023 |
1.946 |
0.520 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
1.676 |
0.000 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.002 |
0.007 |
0.012 |
|
Total Non-Current Assets |
19.025 |
3.629 |
0.532 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
8.307 |
3.034 |
3.096 |
|
(c) Trade receivables |
25.914 |
9.691 |
2.436 |
|
(d) Cash and cash
equivalents |
1.996 |
1.889 |
1.060 |
|
(e) Short-term loans and
advances |
5.510 |
4.232 |
0.367 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
41.727 |
18.846 |
6.959 |
|
|
|
|
|
|
TOTAL |
60.752 |
22.475 |
7.491 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
71.920 |
25.626 |
14.674 |
|
|
|
Other Income |
NA |
NA |
0.046 |
|
|
|
TOTAL |
NA |
NA |
14.720 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials
consumed |
NA |
NA |
10.022 |
|
|
|
Employee benefit expense |
NA |
NA |
1.187 |
|
|
|
Other expenses |
NA |
NA |
3.128 |
|
|
|
TOTAL |
NA |
NA |
14.337 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
0.793 |
0.383 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
NA |
0.171 |
0.046 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
NA |
0.622 |
0.337 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
0.189 |
0.104 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
2.268 |
0.433 |
0.233 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
1.401 |
0.968 |
0.735 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
3.669 |
1.401 |
0.968 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
8.515 |
NA |
NA |
|
|
TOTAL EARNINGS |
8.515 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
VALUE OF IMPORTS
ON CIF BASIS |
0.988 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
226.80 |
43.31 |
23.27 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long-term debt - Car Loan from Bank |
0.774 |
0.412 |
0.000 |
|
Cash generated
from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
3.15 |
1.69 |
1.59 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
2.99 |
4.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.41 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
11.95 |
5.48 |
3.19 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.75 |
0.93 |
1.09 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
0.968 |
1.401 |
3.669 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
1.068 |
1.501 |
3.769 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.539 |
0.586 |
|
Short term borrowings |
3.410 |
7.275 |
43.663 |
|
Current maturities of
long-term debts |
0.000 |
0.412 |
0.774 |
|
Total borrowings |
3.410 |
8.226 |
45.023 |
|
Debt/Equity ratio |
3.193 |
5.480 |
11.946 |
%20PRIVATE%20LIMITED%20-%20334289%2003-Aug-2015_files/image015.gif)
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) |
|
Revenue from Operations |
14.674 |
25.626 |
71.920 |
|
|
|
74.635 |
180.652 |
%20PRIVATE%20LIMITED%20-%20334289%2003-Aug-2015_files/image017.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Revenue from Operations |
14.674 |
25.626 |
71.920 |
|
Profit |
0.233 |
0.433 |
2.268 |
|
|
1.59% |
1.69% |
3.15% |
%20PRIVATE%20LIMITED%20-%20334289%2003-Aug-2015_files/image019.gif)
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
Particulars |
31.03.2014 (Rs. in Million) |
31.03.2013 (Rs. in Million) |
|
SHORT-TERM BORROWINGS |
|
|
|
Loans and Advances from Related Parties |
|
|
|
From Director,
Shareholder and Relatives |
43.663 |
7.275 |
|
Total |
43.663 |
7.275 |
INDEX
OF CHARGES:
No Charges Exist for Company.
FIXED ASSETS:
●
Plant
and Machinery
●
Computers
●
Electric
Fittings
●
Furniture
●
Office
Equipments
●
Motor
Car
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 : |
KMN |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
42 |
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.