MIRA INFORM REPORT
|
Report No. : |
338360 |
|
Report Date : |
26.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
DELPHIQUE INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Village and Post Office, Dungarwas, District Rewari – 123106, Haryana |
|
Tel. No.: |
91-1274-240915 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
03.04.1998 |
|
|
|
|
Com. Reg. No.: |
05-033915 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 42.890 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52190HR1998PTC033915 |
|
|
|
|
IEC No.: |
3398002251 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD9895R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Service provider of Fabric Embroidery and Job Work. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually Correct |
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|
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Litigation : |
Clear |
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|
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Comments : |
Delphique India Private Limited incorporated in the year, 1998 it is
an established company having satisfactory track record. The rating on company reflects above average financial and operational
risk profile, profitability, healthy capital structure backed by sound
liquidity position of the company. Rating further drives strength on established industry experience of
promoters and its long track record in the textile industry. Trade relations are fair. Business is active. Payment terms are reported
to be usually correct. In view of decent financial and operational base backed by experienced
promoters, the company can be considered normal for business dealings at its
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 : |
Mrs. A. Yadav |
|
Designation : |
Director |
|
Contact No.: |
91-9718501501 |
|
Date : |
25.08.2015 |
LOCATIONS
|
Registered Office : |
Village and PO, Dungarwas, District Rewari – 123106, Haryana, India |
|
Tel. No.: |
91-1274-240915-6 |
|
Mobile No.: |
91-9718501501 (Mrs. A. Yadav) |
|
Fax No.: |
91-1274-240916 |
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E-Mail : |
|
|
Website : |
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|
Area : |
16000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
Hans Ram Market, Opposite 7 C, Agilent Technologies, Maruti Industrial
Complex, Sector 18, Udyog Vihar, Gurgaon – 122015, Haryana, India |
|
Tel. No.: |
91-124-4011983/ 84/ 240915 |
|
Fax No.: |
91-124-4011985 |
|
Area : |
2200 sq. ft. |
|
Location : |
Rented |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Sandeep Bhatotia |
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|
Designation : |
Director |
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|
Address : |
Bhatotia Farm House, Village Dungarwas, Rewari - 123106, Haryana, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
03.01.1970 |
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Qualification : |
BE/ MBA |
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|
Date of Appointment : |
01.06.2007 |
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DIN No.: |
01660399 |
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Other Directorship :
|
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||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ram Avtar Yadav |
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|
Designation : |
Director |
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|
Address : |
Rao Tula Ram Vihar, P.O-B.B.Ashram, Rewari - 123401, Haryana, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
11.12.1956 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B. Com |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
11.12.2009 |
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DIN No.: |
01662642 |
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Other Directorship :
|
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|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Raj Singh Yadav |
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|
Designation : |
Director |
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|
Address : |
H.No.96,Sector-1,Huda, P.O.-Rewari, Rewari - 123401, Haryana, India |
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|
Date of Birth/Age : |
31.03.1949 |
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|
Qualification : |
BA |
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Date of Appointment : |
03.04.1998 |
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|
DIN No.: |
01713387 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Sandeep Bhatotia |
540000 |
|
Raj Sing |
450100 |
|
Ranbir Singh Yadav |
290100 |
|
Ajay Yadav |
100200 |
|
Rama Nand |
20000 |
|
Westek Marketing Private Limited |
276000 |
|
Toubro Industries Limited, India |
20000 |
|
Savitri Project and Financial Services Limited, India |
7500 |
|
Neelmount Securities Private Limited, India |
22500 |
|
Rattan Singh |
197500 |
|
SVR Financial Services Limited |
823500 |
|
Aman Yam Agency |
100000 |
|
Concept Financial Management |
25000 |
|
Adeep Yadav |
20000 |
|
R. K. Dhall |
10000 |
|
Neelam Yadav |
10000 |
|
Virender Singh |
10000 |
|
Ravi Shankar |
10000 |
|
Satyabir Singh |
10000 |
|
Rakesh Kumar |
10000 |
|
Anil Kumar |
10000 |
|
Ajit Singh |
10000 |
|
Vijay Kumari |
10000 |
|
Sakuntala Devi |
10000 |
|
Omvati |
10000 |
|
Manu Arora |
20000 |
|
Surender Kumar |
4000 |
|
Sharda Yadav |
100 |
|
Kiran Dhall |
8500 |
|
Adi Finances Private Limited |
845000 |
|
Westend Fabrics Private Limited |
276500 |
|
Shalini Bhatotia |
90000 |
|
Arjun Singh Yadav |
42500 |
|
Total |
4289000 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
53.00 |
|
Directors
or relatives of directors |
47.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Service provider of Fabric Embroidery and Job Work. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
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|
|
|
Exports : |
-- |
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|
|
|
Imports : |
|
|
Products : |
Embroidery Machine |
|
Countries : |
Switzerland |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30/ 60/ 90 Days) |
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|
|
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Purchasing : |
Cash and Credit (30/ 60/ 90 Days) |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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|
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Customers : |
End User and OEM’s
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No. of Employees : |
200 (Approximately) |
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Bankers : |
· Haryana State Industrial Development Corporation Limited |
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Facilities : |
|
|
Financial Institution : |
Indiabulls Housing Finance Limited, M - 62 & 63, First Floor, Connaught Place, New Delhi - 110001, India |
|
Auditors : |
|
|
Name : |
Deepak Ahluwalia and Company Chartered Accountants |
|
Address : |
419, Vishal Tower, District Centre, Janak Puri, New Delhi – 110058,
India |
|
Tel. No.: |
91-11-25612412/ 25535512 (R) 25553036 |
|
Fax No.: |
91-11-25535512 |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFD8515F |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 45.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,289,000 |
Equity Shares |
Rs. 10/- each |
Rs. 42.890
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 |
42.890 |
37.490 |
37.490 |
|
(b) Reserves & Surplus |
74.475 |
71.759 |
65.788 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.168 |
0.168 |
0.168 |
|
Total
Shareholders’ Funds (1) + (2) |
117.533 |
109.417 |
103.446 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
23.297 |
9.561 |
21.060 |
|
(b) Deferred tax liabilities (Net) |
21.535 |
21.515 |
21.796 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
4.498 |
4.217 |
3.479 |
|
Total
Non-current Liabilities (3) |
49.330 |
35.293 |
46.335 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
46.323 |
37.325 |
26.606 |
|
(b)
Trade payables |
71.935 |
72.643 |
54.293 |
|
(c)
Other current liabilities |
10.134 |
9.073 |
10.454 |
|
(d)
Short-term provisions |
5.887 |
3.771 |
3.279 |
|
Total
Current Liabilities (4) |
134.279 |
122.812 |
94.632 |
|
|
|
|
|
|
TOTAL |
301.142 |
267.522 |
244.413 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
161.711 |
154.228 |
143.057 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
13.679 |
1.347 |
21.531 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
1.309 |
1.293 |
1.243 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
176.699 |
156.868 |
165.831 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
11.020 |
6.016 |
5.454 |
|
(c)
Trade receivables |
90.148 |
84.375 |
61.190 |
|
(d)
Cash and cash equivalents |
14.468 |
12.558 |
5.313 |
|
(e)
Short-term loans and advances |
8.807 |
7.705 |
6.625 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
124.443 |
110.654 |
78.582 |
|
|
|
|
|
|
TOTAL |
301.142 |
267.522 |
244.413 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
259.717 |
230.643 |
153.522 |
|
|
|
Other Income |
6.181 |
2.296 |
0.676 |
|
|
|
TOTAL |
265.898 |
232.939 |
154.198 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
235.940 |
207.682 |
131.711 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
29.958 |
25.257 |
22.487 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
20.001 |
16.761 |
15.328 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
11.143 |
10.547 |
10.111 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
8.858 |
6.214 |
5.217 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.627 |
2.758 |
1.547 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
5.231 |
3.456 |
3.670 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.22 |
0.92 |
0.98 |
|
|
PARTICULARS |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
300.000 |
|
|
|
|
|
The above information has been parted by Mrs. R. A. Yadav (Director)
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 |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from used in Operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.01 |
1.50 |
2.39 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
11.53 |
10.95 |
14.65 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.08 |
2.33 |
2.34 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.06 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.59 |
0.43 |
0.46 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.93 |
0.90 |
0.83 |
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 |
37.490 |
37.490 |
42.890 |
|
Reserves & Surplus |
65.788 |
71.759 |
74.475 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.168 |
0.168 |
0.168 |
|
Net
worth |
103.446 |
109.417 |
117.533 |
|
|
|
|
|
|
Long-term borrowings |
21.060 |
9.561 |
23.297 |
|
Short term borrowings |
26.606 |
37.325 |
46.323 |
|
Total
borrowings |
47.666 |
46.886 |
69.620 |
|
Debt/Equity
ratio |
0.461 |
0.429 |
0.592 |
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) |
|
Turnover |
153.522 |
230.643 |
259.717 |
|
|
|
50.234 |
12.606 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Turnover |
153.522 |
230.643 |
259.717 |
|
Profit |
3.670 |
3.456 |
5.231 |
|
|
2.39% |
1.50% |
2.01% |
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 |
Yes |
|
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 |
No |
|
18 |
Major suppliers |
Yes |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10535131 |
13/10/2014 |
515,000.00 |
CORPORATION
BANK |
TOWER-B,
MILLENNIUM PLAZA, SECTOR-27 SUSHANT LOK, GURGAON - 122002, HARYANA,
INDIA |
C36097772 |
|
2 |
10514285 |
03/06/2014 |
900,000.00 |
CORPORATION
BANK |
TOWER-B,
MILLENNIUM PLAZA, SECTOR-27 SUSHANT LOK, GURGAON - 122002, HARYANA,
INDIA |
C15980824 |
|
3 |
10515844 |
03/06/2014 |
925,000.00 |
CORPORATION
BANK |
TOWER-B,
MILLENNIUM PLAZA, SECTOR-27 SUSHANT LOK, GURGAON - 122002, HARYANA,
INDIA |
C17186719 |
|
4 |
10475839 |
03/02/2014 |
22,450,000.00 |
INDIABULLS
HOUSING FINANCE LIMITED |
M - 62
AND 63, FIRST FLOOR, CONNAUGHT PLACE, NEW |
B95586657 |
|
5 |
10456221 |
18/10/2013 |
7,678,458.00 |
ICICI
BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA |
B88014444 |
|
6 |
10452823 |
28/08/2013 |
1,030,000.00 |
CORPORATION
BANK |
GF, TOWER
B MILLENNIUM PLAZA, SECTOR-27 SUSHANT LOK, GURGAON - 122002, HARYANA, INDIA |
B86560968 |
|
7 |
10339956 |
12/01/2012 |
640,000.00 |
CORPORATION
BANK |
MILLENIUM
PLAZA, SECTOR-27, SUSHANT LOK, GURGAON - 122002, |
B34029991 |
|
8 |
10153414 |
30/03/2009 |
300,000.00 |
CANARA
BANK |
SCO
35-36 , SECTOR 10A, GURGAON - 122001, HARYANA, |
A60831450 |
|
9 |
80016503 |
08/12/2014
* |
114,790,000.00 |
ING
VYSYA BANK LIMITED |
REGIONAL
OFFICE, 9TH FLOOR, MERCANTILE HOUSE, 15, K.G. MARG,, NEW DELHI - 110001,
INDIA |
C45563038 |
|
10 |
90047740 |
03/02/2006
* |
1,850,000.00 |
ING
VYSYA BANK LIMITED |
CANNAUGHT
PLACE, NEW DELHI - 110001, INDIA |
- |
* Date of charge modification
REVIEW OF OPERATIONS
The company has demonstrated another year of strong operational and
financial performance. The company has achieved turnover of Rs. 259.717 Million
during the year and registered an increase of Rs. 12.61% on the previous year
turnover of Rs. 230.643 Million. The performance of company during the year
2013-2014 has resulted in a surplus of Rs. 5.231 Million compared to Rs. 3.456
Million in the previous year.
The company has been able to show growth in PBDIT and PBT as is evident
from the financial exhibit above.
The company has installed High speed Computerised Embroidery Machine,
Imported from Lasser AG, Switzer Land.
The commercial production has been stated with effect from 27.08.2013
FIXED ASSETS:
· Land
· Factory Building
· Office Building
· Plant and Machinery
· Furniture and Fixtures
· Factory and Office Equipment’s
·
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 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.66.71 |
|
|
1 |
Rs.105.10 |
|
Euro |
1 |
Rs.77.11 |
INFORMATION DETAILS
|
Information Gathered
by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.