MIRA INFORM REPORT
|
Report No. : |
353174 |
|
Report Date : |
03.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
HINDUSTAN FERRO ALLOY INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 37/1/1, SAMCO Industrial Estate, Near Pari Company, Narhe,
Taluka – Haveli, Pune – 411041,
Maharashtra |
|
Tel. No.: |
91-20-66475100 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
07.09.2010 |
|
|
|
|
Com. Reg. No.: |
25-137273 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.94.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27310PN2010PTC137273 |
|
|
|
|
IEC No.: |
Not Applicable (As claimed by company management that company does not export and import) |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACH5231M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the manufacturing and trading of Bright
Bars, Ferrous and Non-ferrous metals, Industrial Metals and allied products.
(Registered Activity) |
|
|
|
|
No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established in the year 2010 and it is engaged in the manufacturing of bright bars and distributor of all types of ferrous and non-ferrous metals. For the financial year ended 2014, company possesses average operational performance and it has reported lower margin at 1.42% during the year under a review. Rating takes into consideration promoters extensive industry experience in metal industry marked by company's sound operating efficiencies along with moderate financial profile and modest debt coverage indicates. Trade relations are reported as fair. Payment terms are reported to be slow but correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Mehabub |
|
Designation : |
Manager |
|
Contact No.: |
91-8888816696 |
|
Date : |
03.12.2015 |
LOCATIONS
|
Registered Office / Factory : |
Survey No. 37/1/1, SAMCO Industrial Estate, Near Pari Company, Narhe,
Taluka – Haveli, Pune – 411041,
Maharashtra, India |
|
Tel. No.: |
91-91-20-66475100 / 01 / 02 |
|
Mobile No.: |
91-8888816696 (Mr. Mehabub) |
|
Fax No.: |
91-20-66475151 |
|
E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 31.03.2015
|
Name : |
Mr. Kantilal Hastimal Oswal |
|
Designation : |
Managing Director |
|
Address : |
Sujay Garden Building No.1, Flat No. 402, 12 Mukund Nagar, Gultekadi,
Pune – 411037, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1967 |
|
Date of Appointment : |
07.09.2010 |
|
PAN No.: |
AABPO0918J |
|
DIN No.: |
02914421 |
|
Name : |
Mr. Dinesh Hastimal Oswal |
|
Designation : |
Whole Time Director |
|
Address : |
Sujay Garden, Building, Flat No. 502, 12 Mukund Nagar, Gultekadi, Pune
– 411037, Maharashtra, India |
|
Date of Birth/Age : |
29.04.1973 |
|
Date of Appointment : |
07.09.2010 |
|
PAN No.: |
AAAPO6821H |
|
DIN No.: |
02914420 |
|
|
|
|
Name : |
Mr. Rahul Champalal Jain |
|
Designation : |
Whole Time Director |
|
Address : |
12 Mukund Nagar, Sujay Garden, Flat No.410, Chintamani Building,
Gultekadi, Pune – 411037, Maharashtra, India |
|
Date of Birth/Age : |
03.02.1979 |
|
Date of Appointment : |
01.12.2010 |
|
PAN No.: |
AEHPJ2151C |
|
DIN No.: |
03276387 |
|
|
|
|
Name : |
Mr. Bhavesh Champalal Jain |
|
Designation : |
Whole Time Director |
|
Address : |
303/1, Nana Peth, Pune – 411002, Maharashtra, India |
|
Date of Birth/Age : |
22.06.1984 |
|
Date of Appointment : |
01.12.2010 |
|
DIN No.: |
03276395 |
|
|
|
|
Name : |
Mr. Bharat Jethmal Oswal |
|
Designation : |
Whole Time Director |
|
Address : |
135, Nana Peth, Flat No. 14, Pune – 411002, Maharashtra, India |
|
Date of Birth/Age : |
22.07.1978 |
|
Date of Appointment : |
01.12.2010 |
|
PAN No.: |
AAIPO0810G |
|
DIN No.: |
03278483 |
|
|
|
|
Name : |
Mrs. Prabha Dinesh Oswal |
|
Designation : |
Whole Time Director |
|
Address : |
Flat No. 502, Wing – k, Swayambhu Building, Sujay Garden, Mukund
Nagar, Pune – 411037, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1977 |
|
Date of Appointment : |
01.12.2010 |
|
PAN No.: |
AAGPO3389N |
|
DIN No.: |
03280186 |
|
|
|
|
Name : |
Mrs. Pushpa Kantilal Oswal |
|
Designation : |
Whole Time Director |
|
Address : |
402, Vighnahara, Sujay Garden Society, Mukund Nagar, Pune – 411037, Maharashtra,
India |
|
Date of Birth/Age : |
01.06.1970 |
|
Date of Appointment : |
01.12.2010 |
|
PAN No.: |
AAGPO6431K |
|
DIN No.: |
03306366 |
KEY EXECUTIVES
|
Name : |
Mr. Mehabub |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders (Equity Shares) |
|
No. of Equity
Shares |
|
Kantilal Hastimal Oswal |
|
20000 |
|
Dinesh Hastimal Oswal |
|
19998 |
|
Bharat Jethmal Oswal |
|
20000 |
|
Rahul Champalal Jain |
|
10000 |
|
Bhavesh Champalal Jain |
|
10000 |
|
Pushpa Kantilal Oswal |
|
10000 |
|
Prabha Dinesh Oswal |
|
10000 |
|
Dinesh Hastimal Oswal, HUF |
|
1 |
|
Kantilal Hastimal Oswal, HUF |
|
1 |
|
Total |
|
100000 |
|
Names of Shareholders (Preference Shares) |
|
No. of Equity
Shares |
|
Kantilal Hastimal Oswal |
|
359000 |
|
Dinesh Hastimal Oswal |
|
306000 |
|
Bharat Jethmal Oswal |
|
65000 |
|
Rahul Champalal Jain |
|
22000 |
|
Bhavesh Champalal Jain |
|
9000 |
|
Pushpa Kantilal Oswal |
|
44000 |
|
Prabha Dinesh Oswal |
|
35000 |
|
Total |
|
840000 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the manufacturing and trading of Bright Bars,
Ferrous and Non-ferrous metals, Industrial Metals and allied products. (Registered Activity) |
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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 : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
60 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Financial Institution : |
Daimler Financial Service India Private Limited, Unit 202, 2nd Floor, Campus
3B, RMZ Millennia, Business Park No. 143, Dr. M.G.R. Road, Chennai – 600096,
Tamil Nadu, India |
|
|
|
|
Auditors : |
|
|
Name : |
SNR and Associates Chartered Accountants |
|
Address : |
14, Mahatma Gandhi, Road, Pune – 411001, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ABYFS5130J |
|
|
|
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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|
Enterprises which are owned, or have significant influence
of or are partners with Key management personnel and their relatives: |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs. 10.000 Million |
|
900000 |
Preference Shares |
Rs.100/- each |
Rs. 90.000 Million |
|
|
Total |
|
Rs. 100.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Million |
|
840000 |
Preference Shares |
Rs.100/- each |
Rs.84.000 Million |
|
|
Total |
|
Rs.94.000
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 |
94.000 |
94.000 |
79.000 |
|
(b) Reserves & Surplus |
14.098 |
10.480 |
4.670 |
|
(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) |
108.098 |
104.480 |
83.670 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
28.582 |
29.130 |
19.554 |
|
(b) Deferred tax liabilities (Net) |
0.807 |
0.732 |
0.303 |
|
(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) |
29.389 |
29.862 |
19.857 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
176.887 |
181.176 |
142.295 |
|
(b) Trade
payables |
59.603 |
113.685 |
94.591 |
|
(c) Other
current liabilities |
8.034 |
12.284 |
9.830 |
|
(d) Short-term
provisions |
7.024 |
5.137 |
3.813 |
|
Total Current
Liabilities (4) |
251.548 |
312.282 |
250.529 |
|
|
|
|
|
|
TOTAL |
389.035 |
446.624 |
354.056 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
36.886 |
41.406 |
34.527 |
|
(ii)
Intangible Assets |
0.165 |
0.249 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
1.691 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.200 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.087 |
|
(d) Long-term Loan and Advances |
8.995 |
1.981 |
0.019 |
|
(e) Other
Non-current assets |
0.000 |
0.233 |
0.395 |
|
Total Non-Current
Assets |
46.246 |
43.869 |
36.719 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
162.215 |
187.826 |
181.230 |
|
(c) Trade
receivables |
164.241 |
199.069 |
122.878 |
|
(d) Cash
and cash equivalents |
9.813 |
6.240 |
7.971 |
|
(e)
Short-term loans and advances |
6.520 |
9.457 |
5.095 |
|
(f) Other current
assets |
0.000 |
0.163 |
0.163 |
|
Total
Current Assets |
342.789 |
402.755 |
317.337 |
|
|
|
|
|
|
TOTAL |
389.035 |
446.624 |
354.056 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
511.233 |
520.304 |
460.830 |
|
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES |
505.695 (Including
Depreciation and Finance Expenses) |
479.246 |
421.633 |
|
|
|
|
|
|
||
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
41.058 |
39.197 |
||
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
27.202 |
29.211 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
13.856 |
9.986 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
5.330 |
4.602 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
5.538 |
8.526 |
5.384 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.920 |
2.716 |
2.016 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
3.618 |
5.810 |
3.368 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.85 |
6.18 |
3.58 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
600.000 |
Expected Sales (2015-2016) : Rs.500.000 Million
The above information has been parted by Mr. Mehabub
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
2.587 |
2.779 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
47.896 |
61.808 |
7.445 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.42 |
1.91 |
1.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.08 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.92 |
2.04 |
1.93 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36 |
1.29 |
1.27 |
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 |
79.000 |
94.000 |
94.000 |
|
Reserves & Surplus |
4.670 |
10.480 |
14.098 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
83.670 |
104.480 |
108.098 |
|
|
|
|
|
|
long-term borrowings |
19.554 |
29.130 |
28.582 |
|
Short term borrowings |
142.295 |
181.176 |
176.887 |
|
Total
borrowings |
161.849 |
210.306 |
205.469 |
|
Debt/Equity
ratio |
1.934 |
2.013 |
1.901 |
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 |
460.830 |
520.304 |
511.233 |
|
|
|
12.906 |
(1.743) |
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 |
460.830 |
520.304 |
511.233 |
|
Profit |
3.368 |
5.810 |
3.618 |
|
|
0.73% |
1.12% |
0.71% |
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 four 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 |
CORPORATE
INFORMATION:
Subject has been incorporated by conversion of Hindustan Steel Trading Company, a Partnership Firm, under Part IX of the Companies Act, 1956 on 7 th September, 2010. The Company is engaged in the manufacturing and trading of Bright Bars, Ferrous and Non-ferrous metals, Industrial Metals and allied products.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
Long Term
Borrowing |
|
|
|
Loans and advance from related parties |
26.277 |
24.238 |
|
Total |
26.277 |
24.238 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10396530 |
28/11/2012 |
1,768,000.00 |
DAIMLER FINANCIAL SERVICES INDIA PRIVATE LIMITED |
UNIT 202, 2ND FLOOR, CAMPUS 3B,RMZ MILLENNIA, BUS |
B65725822 |
|
2 |
10275570 |
23/03/2013 * |
254,000,000.00 |
CANARA BANK |
PRIME CORPORATE BRANCH., 11M.G. ROAD,CAMP, PUNE, |
B72797905 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
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.66.62 |
|
UK Pound |
1 |
Rs.100.34 |
|
Euro |
1 |
Rs.70.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
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 |
|
41 |
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.