MIRA INFORM REPORT
|
Report No. : |
338280 |
|
Report Date : |
25.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
FRACTAL ANALYTICS PRIVATE LIMITED (w.e.f. 15.02.2013) |
|
|
|
|
Formerly known
as : |
FRACTAL ANALYTICS LIMITED |
|
|
|
|
Registered Office
: |
701, 702, Silver Metropolis, Western Express Highway, Mumbai – 400063,
Maharashtra |
|
Tel. No.: |
91-22-40675800 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
28.03.2000 |
|
|
|
|
Com. Reg. No.: |
11-125369 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.21.655 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72400MH2000PTC125369 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMF03926G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACF4502D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged into management consultancy. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 3300000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated during the year 2000
having a good track record. Available financial indicates company strong financial risk profile marked
by healthy networth position with zero debt and favorable gap between trade
payable and trade receivable. Further, the rating also takes into consideration decent profitability
margin of the company. Trade relations are reported as fair. Business is active. Payment
terms are reported to be regular and as per commitment. In view of sound financial base, the company can be considered good
for normal 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
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
|
Name : |
Mr. Vishal Mehta |
|
Designation : |
Senior Finance Manager |
|
Contact No.: |
91-22-40675800 |
|
Date : |
24.08.2015 |
LOCATIONS
|
Registered Office : |
701, 702, Silver Metropolis, Western Express Highway, Mumbai – 400063,
Maharashtra, India |
|
Tel. No.: |
91-22-40675800 |
|
Fax No.: |
91-22-40675809 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 16.09.2014
|
Name : |
Mr. Gulu Lalchand Mirchandani |
|
Designation : |
Director |
|
Address : |
D-131, Tahnee Heights, Petit Hall, Napeansea Road, Mumbai - 400006,
Maharashtra, India |
|
Date of Birth/Age : |
12.06.1943 |
|
Date of Appointment : |
11.02.2008 |
|
DIN No.: |
00026664 |
|
|
|
|
Name : |
Mr. Anand Prabhakar Jhaveri |
|
Designation : |
Director |
|
Address : |
7, Floor 4, 17C, Rushilla CHS, M L Dahanukar Marg, Carmichael Road, Cumballa
Hill, Mumbai - 400026, Maharashtra, India |
|
Date of Birth/Age : |
17.12.1960 |
|
Date of Appointment : |
11.02.2008 |
|
DIN No.: |
00029602 |
|
|
|
|
Name : |
Mr. Pranay Narendra Agrawal |
|
Designation : |
Director |
|
Address : |
444 Washington BLVD, Apartment 2422, NJ 07310, Jersey City, NJ07310,
United States of America |
|
Date of Birth/Age : |
12.02.1975 |
|
Date of Appointment : |
28.03.2000 |
|
DIN No.: |
00485739 |
|
|
|
|
Name : |
Mr. Sasha Gulu Mirchandani |
|
Designation : |
Director |
|
Address : |
D 131 Tahnee Heights Petit Hall, Napean Sea Road, Mumbai - 400093,
Maharashtra, India |
|
Date of Birth/Age : |
26.02.1972 |
|
Date of Appointment : |
11.02.2008 |
|
DIN No.: |
01179921 |
|
|
|
|
Name : |
Mr. Sunil Sital Kishinchandani |
|
Designation : |
Director |
|
Address : |
301/A, Concord, Cross Road No. 2, Lokhandwala, Complex, Andheri West,
Mumbai - 400053, Maharashtra, India |
|
Date of Birth/Age : |
24.09.1957 |
|
Date of Appointment : |
11.02.2008 |
|
DIN No.: |
01292486 |
|
|
|
|
Name : |
Mr. Srikanth Ramakrishna Velamakanni |
|
Designation : |
Whole-time Director |
|
Address : |
Flat No 2403, 24th Floor, Octavius Hiranandani, Hiranandani
Gardens, Powai, Mumbai - 400076, Maharashtra, India |
|
Date of Birth/Age : |
16.02.1974 |
|
Date of Appointment : |
28.03.2000 |
|
DIN No.: |
01722758 |
|
|
|
|
Name : |
Mr. Dhiraj Poddar |
|
Designation : |
Additional Director |
|
Address : |
001, Springs Island City Centre (Bombay Dyeing), G. D. Ambedkar Marg, Dadar
East, Mumbai - 400014, Maharashtra, India |
|
Date of Birth/Age : |
03.11.1974 |
|
Date of Appointment : |
26.02.2015 |
|
DIN No.: |
01946905 |
|
|
|
|
Name : |
Mr. Devesh Nandan Garg |
|
Designation : |
Director |
|
Address : |
2 ELM PL, Atherton, 94027, United States of America |
|
Date of Birth/Age : |
01.09.1965 |
|
Date of Appointment : |
07.03.2011 |
|
DIN No.: |
02229127 |
|
|
|
|
Name : |
Mr. Naveen Wadhera |
|
Designation : |
Director |
|
Address : |
The Garden Flat, 6 Roland Gardens, London, SW73PH, United Kingdom |
|
Date of Birth/Age : |
26.04.1977 |
|
Date of Appointment : |
19.06.2013 |
|
DIN No.: |
02503164 |
|
|
|
|
Name : |
Mr. Eric Hernandez Monteiro |
|
Designation : |
Director |
|
Address : |
7 Grimsby CRT, Etobicoke, Ontario, Canada M9A 2A5, Na, Na, Canada |
|
Date of Birth/Age : |
06.11.1970 |
|
Date of Appointment : |
06.08.2014 |
|
DIN No.: |
06939078 |
KEY EXECUTIVES
|
Name : |
Mr. Vishal Mehta |
|
Designation : |
Senior Finance Manager |
MAJOR SHAREHOLDERS
AS ON 16.09.2014
SHAREHOLDERS DETAILS FILE ATTACHED.
Equity Share Break up (Percentage of Total Equity)
AS ON 16.09.2014
|
Category |
Percentage |
|
Venture Capital |
9.97 |
|
Foreign holdings [Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others] |
2.38 |
|
Directors or relatives of Directors |
82.15 |
|
Other top fifty shareholders |
5.50 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into management consultancy. |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
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Selling : |
Cheque, Credit (30 Days) |
|
|
|
|
Purchasing : |
Cheque, Credit (30 Days) |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
200 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
Haribhakti and Company LLP Chartered Accountants |
|
Address : |
42, Free Press House, 215, Nariman Point, Mumbai – 400021,
Maharashtra, India |
|
PAN No.: |
AAAFH2010F |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
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Collaborators : |
Not Divulged |
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|
|
|
Subsidiaries : |
|
CAPITAL STRUCTURE
AFTER 16.09.2014
Authorised Capital: Rs.50.000 Million
Issued, Subscribed & Paid-up Capital: Rs.21.859
Million
AS ON 16.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
37500000 |
Equity Shares |
Re.1/- each |
Rs.37.500 Million |
|
6250000 |
Preference Shares |
Rs.2/- each |
Rs.12.500 Million |
|
|
|
|
|
|
|
Total |
|
Rs.50.000
Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14898070 |
Equity Shares |
Re.1/- each |
Rs.14.898 Million |
|
3451628 |
Preference Shares |
Rs.2/- each |
Rs.6.903 Million |
|
|
|
|
|
|
|
Total |
|
Rs.21.801
Million |
AS ON 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
37310621 |
Equity Shares |
Re.1/- each |
Rs.37.311 Million |
|
189379 |
Class “A” Equity Shares |
Re.1/- each |
Rs.0.189 Million |
|
6250000 |
Preference Shares |
Rs.2/- each |
Rs.12.500 Million |
|
|
|
|
|
|
|
Total |
|
Rs.50.000
Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14751745 |
Equity Shares |
Re.1/- each |
Rs.14.752 Million |
|
3451628 |
Preference Shares |
Rs.2/- each |
Rs.6.903 Million |
|
|
|
|
|
|
|
Total |
|
Rs.21.655
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 |
21.655 |
14.902 |
14.713 |
|
(b) Reserves & Surplus |
1123.637 |
189.776 |
105.845 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.004 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1145.296 |
204.678 |
120.558 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
1.645 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
4.022 |
3.419 |
|
Total Non-current
Liabilities (3) |
0.000 |
4.022 |
5.064 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
27.806 |
25.599 |
|
(b) Trade
payables |
16.361 |
14.880 |
8.085 |
|
(c) Other
current liabilities |
74.144 |
49.614 |
26.306 |
|
(d) Short-term
provisions |
115.238 |
71.341 |
33.319 |
|
Total Current
Liabilities (4) |
205.743 |
163.641 |
93.309 |
|
|
|
|
|
|
TOTAL |
1351.039 |
372.341 |
218.931 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
55.660 |
57.610 |
14.233 |
|
(ii)
Intangible Assets |
4.185 |
8.720 |
13.052 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
6.120 |
0.000 |
0.000 |
|
(b) Non-current Investments |
8.154 |
8.154 |
8.154 |
|
(c) Deferred tax assets (net) |
4.153 |
0.273 |
0.000 |
|
(d) Long-term Loan and Advances |
194.800 |
96.230 |
71.048 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
273.072 |
170.987 |
106.487 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
764.154 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
287.519 |
171.447 |
101.024 |
|
(d) Cash
and cash equivalents |
10.966 |
4.218 |
7.299 |
|
(e)
Short-term loans and advances |
10.520 |
11.071 |
3.354 |
|
(f) Other
current assets |
4.808 |
14.618 |
0.767 |
|
Total
Current Assets |
1077.967 |
201.354 |
112.444 |
|
|
|
|
|
|
TOTAL |
1351.039 |
372.341 |
218.931 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
349.140 |
|
|
|
Other Income |
|
|
2.734 |
|
|
|
TOTAL (A) |
944.400 |
674.620 |
351.874 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employee Benefits Expenses |
|
|
213.353 |
|
|
|
Foreign Exchange Gain / (Loss) |
|
|
9.982 |
|
|
|
Other Expenses |
|
|
79.962 |
|
|
|
TOTAL (B) |
782.100 |
556.120 |
303.297 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
48.577 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
1.640 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
|
|
46.937 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
|
|
11.376 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE
TAX (E-F) (G) |
162.300 |
118.500 |
35.561 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
50.540 |
35.410 |
13.577 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
111.760 |
83.090 |
21.984 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
5.58 |
1.51 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1250.000 |
Expected Sales (2015-2016): Rs.1500.000 Million
The above information has been parted by Mr. Vishal
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
46.624 |
35.940 |
2.336 |
|
Net cash from operating activities |
(43.956) |
29.841 |
(10.020) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
NA |
NA |
6.30 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
NA |
NA |
13.91 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
12.18 |
32.56 |
16.87 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.58 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.14 |
0.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.24 |
1.23 |
1.21 |
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 |
14.713 |
14.902 |
21.655 |
|
Reserves & Surplus |
105.845 |
189.776 |
1123.637 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.004 |
|
Net
worth |
120.558 |
204.678 |
1145.296 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
25.599 |
27.806 |
0.000 |
|
Total
borrowings |
25.599 |
27.806 |
0.000 |
|
Debt/Equity
ratio |
0.212 |
0.136 |
0.000 |
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 |
351.874 |
674.620 |
944.400 |
|
|
|
91.722 |
39.990 |
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 |
351.874 |
674.620 |
944.400 |
|
Profit |
21.984 |
83.090 |
111.760 |
|
|
6.25% |
12.32% |
11.83% |
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 |
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 |
Yes |
|
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 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
80009886 |
12/09/2012 * |
50,000,000.00 |
HDFC Bank Limited |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B60228194 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
·
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,
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.66.51 |
|
|
1 |
Rs.104.01 |
|
Euro |
1 |
Rs.76.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
63 |
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.