MIRA INFORM REPORT
|
Report No. : |
336305 |
|
Report Date : |
08.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
ARYA IRON AND STEEL COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
51-53A, Mittal Court, Nariman Point, Mumbai – 400 021, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
27.07.2004 |
|
|
|
|
Com. Reg. No.: |
11-147715 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.185.430 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100MH2004PTC147715 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA22803E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA8083G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Iron Ore Pellets. |
|
|
|
|
No. of Employees
: |
Information denied by the management |
ECGC Country Risk Classification List – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated losses,
recently approached the Delhi high court for relief in two separate cases. The
airline challenged a notice by Punjab & National Bank alleging that It had
wilfully defaulted on Rs 7700 mn of loans and sought more time to comply with
the requirements under the listing agreements with the Stock Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund based limit – Cash Credit A- |
|
Rating Explanation |
Have adequate degree of safety and carry low
credit risk. |
|
Date |
October 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non fund based limits – Letter of credit A2+
|
|
Rating Explanation |
Have strong degree of safety and carry low
credit risk. |
|
Date |
October 2013 |
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
31-03-2012.
INFORMATION DENIED BY
|
Name : |
Mr. Yash Jain |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-40696000 |
|
Date : |
22.10.2014 |
LOCATIONS
|
Registered Office : |
51-53A, Mittal Court, Nariman Point, Mumbai – 400021, Maharashtra,
India |
|
Tel. No.: |
91-22-40696000 |
|
Mobile No.: |
91-9583000343 (Mr. Pravesh Pandey – Deputy General Manager) |
|
Fax No.: |
91-22-40696060 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
107 / 1, 108 / 1, Matkambeda, Industrial Estate, Borbil, District
Keonjhar– 758053, Orissa, India |
DIRECTORS
As on 27.09.2013
|
Name : |
Mr. Ravi Maniram Arya |
|
Designation : |
Managing Director |
|
Address : |
6, Satlaj Terrace, 6th Floor, Walkeshwar Road, Mumbai – 400
006, Maharashtra, India |
|
Date of Birth/Age : |
12.10.1954 |
|
Date of Appointment : |
01.01.2008 |
|
PAN No.: |
AADPA7751M |
|
DIN No.: |
00767007 |
|
|
|
|
Name : |
Mr. Nakul Ravindrakumar Arya |
|
Designation : |
Director |
|
Address : |
6, Satlaj Terrace, 6th Floor, Walkeshwar Road, Mumbai – 400
006, Maharashtra, India |
|
Date of Birth/Age : |
02.11.1980 |
|
Date of Appointment : |
27.07.2004 |
|
PAN No.: |
ADEPA4689A |
|
DIN No.: |
00372428 |
|
|
|
|
Name : |
Mr. Puneet Pawankumar Arya |
|
Designation : |
Director |
|
Address : |
403, Samundra Mahal, Dr. A.B. Road, Worli, Mumbai – 400 018,
Maharashtra, India |
|
Date of Birth/Age : |
29.04.1980 |
|
Date of Appointment : |
27.07.2004 |
|
PAN No.: |
ADYPA7874M |
|
DIN No.: |
00726275 |
|
|
|
|
Name : |
Mr. Sunil Kumar Jain |
|
Designation : |
Director |
|
Address : |
Flat No. 551, Pocket Gh- 13, Paschim Vihar, New Delhi – 110 087, India
|
|
Date of Birth/Age : |
30.12.1960 |
|
Date of Appointment : |
27.09.2010 |
|
PAN No.: |
ADKPJ9105E |
|
DIN No.: |
01308863 |
|
|
|
|
Name : |
Mr. Pawan Kumar Maniram Arya |
|
Designation : |
Whole Time Director |
|
Address : |
403, Samundra Mahal, Dr. A.B. Road, Worli, Mumbai – 400 018,
Maharashtra, India |
|
Date of Birth/Age : |
18.01.1953 |
|
Date of Appointment : |
01.01.2008 |
|
PAN No.: |
AADPA7839A |
|
DIN No.: |
01659667 |
KEY EXECUTIVES
|
Name : |
Mr. Vivek Sethia |
|
|
Designation : |
Secretary |
|
|
Address : |
51-53, Mittal Court, Nariman Point, Mumbai – 400021, Maharashtra, |
|
|
Date of Birth/Age : |
18.09.1977 |
|
|
Date of Appointment : |
10.09.2013 |
|
|
PAN No.: |
ATZPS0900R |
|
|
|
|
|
|
Name : |
Mr. Sarveshwar |
|
|
Designation : |
Commercial Department |
|
|
|
|
|
|
Name : |
Mr. Yash Jain |
|
|
Designation : |
Accountant |
|
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2013
|
Names of Shareholders |
No. of Shares |
|
Pawan Arya |
895000 |
|
Poonam Arya |
900000 |
|
Puneet Arya |
1195000 |
|
Tripti Arya |
5000 |
|
Pawan Kumar HUF |
5000 |
|
Ravi Arya |
895000 |
|
Sushma Arya |
900000 |
|
Nakul Arya |
1195000 |
|
Ravi Arya HUF |
5000 |
|
Varun Arya |
5000 |
|
M.P. Recycling Company Private Limited, India |
1776956 |
|
Palmview Investments Overseas Limited, British Virgin Island |
9086095 |
|
Arya Ship Breaking Company Private Limited, |
1680000 |
|
|
|
|
Total |
18543051 |
As on 27.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
49.00 |
|
Bodies corporate |
18.64 |
|
Directors or relatives of Directors |
32.36 |
|
Total |
100.00 |
%2008-Aug-2015_files/image020.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Iron Ore Pellets. |
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||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management |
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Bankers : |
|
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||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Singrodia Goyal and Company Chartered Accountants |
|
Address : |
4/A,
Kaledonia-Hdil, 2nd Floor, Sahar Road, Andheri (East), Mumbai,
Maharashtra, India |
|
PAN
No. : |
AAAFS7106D |
|
|
|
|
Other Related Parties : |
Ř Arya Ship
Breaking Company Private Limited, India CIN No.:
U35110MH1983PTC030484 Ř International
Minerals Trading Company Private Limited, India CIN No.:
U51420MH2008PTC179965 Ř Arya Integrated
Steel Private Limited, India CIN No.:
U27100MH2010PTC202409 Ř M.P. Recycling
Company Private Limited, India CIN No.:
U37100MH2002PTC138164 Ř
PNV Enterprises Private Limited, India CIN No.:
U65923MH2010PTC200498 Ř Goyal Traders,
India Ř
Arya Ship Breaking Corporation, India |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs.300.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18543051 |
Equity Shares |
Rs.10/- each |
Rs.185.430 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
185.430 |
185.430 |
185.431 |
|
(b) Reserves & Surplus |
2972.746 |
1087.038 |
1263.898 |
|
(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) |
3158.176 |
1272.468 |
1449.329 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
8.078 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
239.856 |
221.461 |
201.799 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
6.163 |
3.295 |
1.378 |
|
Total Non-current
Liabilities (3) |
254.097 |
224.756 |
203.177 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
478.210 |
1656.567 |
502.436 |
|
(b) Trade
payables |
47.917 |
97.009 |
43.164 |
|
(c) Other
current liabilities |
414.239 |
291.531 |
325.796 |
|
(d) Short-term
provisions |
156.151 |
1695.885 |
1628.100 |
|
Total Current
Liabilities (4) |
1096.517 |
3740.992 |
2499.496 |
|
|
|
|
|
|
TOTAL |
4508.790 |
5238.216 |
4152.002 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2015.286 |
2082.405 |
2110.227 |
|
(ii)
Intangible Assets |
0.830 |
0.864 |
0.897 |
|
(iii)
Capital work-in-progress |
150.750 |
10.723 |
40.493 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.502 |
1.500 |
1.500 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
181.961 |
162.556 |
99.759 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
2350.329 |
2258.048 |
2252.876 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
366.987 |
555.596 |
293.624 |
|
(c) Trade
receivables |
377.675 |
780.214 |
548.089 |
|
(d) Cash
and cash equivalents |
1247.468 |
1244.076 |
693.111 |
|
(e)
Short-term loans and advances |
166.331 |
400.282 |
364.302 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
2158.461 |
2980.168 |
1899.126 |
|
|
|
|
|
|
TOTAL |
4508.790 |
5238.216 |
4152.002 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
7596.254 |
6243.062 |
5696.484 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
4624.003 |
3983.888 |
3102.024 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
2972.251 |
2259.174 |
2594.460 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
33.927 |
75.466 |
44.093 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
2938.324 |
2183.708 |
2550.367 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
125.891 |
121.540 |
114.437 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
2812.433 |
2062.168 |
2435.930 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
926.728 |
689.497 |
842.360 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
1885.705 |
1372.671 |
1593.570 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.847 |
349.971 |
208.829 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
172.264 |
159.357 |
|
|
|
Dividend |
0.000 |
1333.245 |
1112.583 |
|
|
|
Tax on Dividend |
0.000 |
216.286 |
180.488 |
|
|
BALANCE CARRIED
TO THE B/S |
1886.552 |
0.847 |
349.971 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
259.408 |
|
|
|
|
|
Stores & Spares |
48.646 |
27.088 |
NA |
|
|
|
Capital Goods |
50.779 |
0.000 |
|
|
|
TOTAL IMPORTS |
358.833 |
220.339 |
|
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
101.69 |
74.03 |
85.94 |
|
%2008-Aug-2015_files/image003.gif){kind=small}
%2008-Aug-2015_files/image004.gif){kind=small}
%2008-Aug-2015_files/image005.gif){kind=small}
%2008-Aug-2015_files/image006.gif){kind=small}
%2008-Aug-2015_files/image007.gif){kind=small}
%2008-Aug-2015_files/image008.gif){kind=small}
%2008-Aug-2015_files/image009.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
24.82 |
21.99 |
27.97 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
64.56 |
39.46 |
59.27 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.89 |
1.62 |
1.68 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.15 |
1.30 |
0.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.97 |
0.80 |
0.76 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
185.431 |
185.430 |
185.430 |
|
Reserves & Surplus |
1263.898 |
1087.038 |
2972.746 |
|
Net
worth |
1449.329 |
1272.468 |
3158.176 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
8.078 |
|
Short term borrowings |
502.436 |
1656.567 |
478.210 |
|
Total
borrowings |
502.436 |
1656.567 |
486.288 |
|
Debt/Equity
ratio |
0.347 |
1.302 |
0.154 |
%2008-Aug-2015_files/image022.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
5696.484 |
6243.062 |
7596.254 |
|
|
|
9.595 |
21.675 |
%2008-Aug-2015_files/image024.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
5696.484 |
6243.062 |
7596.254 |
|
Profit |
1593.570 |
1372.671 |
1885.705 |
|
|
27.97% |
21.99% |
24.82% |
%2008-Aug-2015_files/image026.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
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 |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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 |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advance from related parties |
0.000 |
5.489 |
|
|
|
|
|
Total |
0.000 |
5.489 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
80005799 |
23/11/2012 * |
1,050,000,000.00 |
Oriental Bank of Commerce |
Fort Branch, Jash Chambers, Ground Floor, Sir P. M. Road, Fort,
Mumbai, Maharashtra - 400001, INDIA |
B62599691 |
* Date of charge modification
OPERATIONS OF
THE COMPANY
During the year, the Company witnessed a commendable performance in a challenging operating environment. The Company reported not only very good increase in the volume of production and turnover but also significant increase in profit after tax due to proper raw material planning, quality of product and favorable selling prices.
FIXED ASSETS
œ Land
œ Buildings
œ Plant and Equipment
œ Furniture and Fixtures
œ Vehicles
œ Office Equipment
œ Computer Equipments
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.63.81 |
|
|
1 |
Rs.98.93 |
|
Euro |
1 |
Rs.69.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NKT |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.