MIRA INFORM REPORT
|
Report No. : |
352623 |
|
Report Date : |
04.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
PALAKSHREE FORESIGHTS LIMITED (w.e.f. 01.07.2010) |
|
|
|
|
Formerly Known
As : |
PALAKSHREE FORESIGHTS PRIVATE LIMITED (w.e.f. 01.07.2008) PALAKSHREE PACKAGING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
89, Manekbaug Society, S. M. Road,
Ambawadi, Ahmedabad – 380015, Gujarat |
|
Tel. No.: |
91-79-26622330 / 26442531 / 26427777 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
08.05.1996 |
|
|
|
|
Com. Reg. No.: |
04-029550 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 7.700 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21090GJ1996PLC029550 |
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|
|
|
IEC No.: |
0898003300 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACP9240L |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of Paper Product and Agro Products. (Confirmed by Management) |
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|
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No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
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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|
Comments : |
Subject is an established company incorporated in the year 1996. It is
the manufacturer of paper product and agro products. For the financial year ended 2015, the company has healthy operational
activity, marked by improvement in sales turnover along with profitability
margin of 2.5%. The company has comfortable capital structure, efficient net worth
position along with favorable gap between trade payables and receivables. Trade relations are fair. Business is active. Payments are usually
correct. In view of long business track record, the company can be considered
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.
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. Kirit Chaudhari |
|
Designation : |
Director |
|
Contact No.: |
91-9825015501 |
|
Date : |
02.12.2015 |
LOCATIONS
|
Registered Office : |
89, Manekbaug Society, S. M. Road,
Ambawadi, Ahmedabad – 380015, Gujarat, India |
|
Tel. No.: |
91-79-26622330 / 26442531 / 26427777 |
|
Mobile No.: |
91-9825015501 (Mr. Kirit Chaudhari) 91-9909922299 (Mr. Rajat Chaudhari) |
|
Fax No.: |
91-79-26427777 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Administration Office : |
B/304, Ganesh Plaza, Near Bus Stop, Navrangpura, Ahmedabad - 380 061, Gujarat, India |
|
Tel. No.: |
91-79-26442531 / 26427777 |
|
Fax No.: |
91-79-26427777 |
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|
|
|
Factory : |
Block No. 310, Village: Kukas, Near
Shobhasan Railway Crossing, Mehsana-Vijapur Highway, Mehsana – 384000, Gujarat, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Rajat Kirit Chaudhari |
|
Designation : |
Director |
|
Address : |
89, Manekbaug Society, Lane 11, S. M. Road, Ambawadi, Ahmedabad - 380015, Gujarat, India |
|
Date of Birth/Age : |
12.08.1986 |
|
Date of Appointment : |
04.07.2005 |
|
DIN No.: |
00503419 |
|
Name : |
Mrs. Savita Kirit Chaudhari |
|
Designation : |
Director |
|
Address : |
89, Manekbaug Society, Lane 11, S. M. Road, Ambawadi, Ahmedabad - 380015, Gujarat, India |
|
Date of Birth/Age : |
31.01.1966 |
|
Date of Appointment : |
08.05.1996 |
|
DIN No.: |
00504433 |
|
Name : |
Mr. Kirit Ranchhodbhai Chaudhari |
|
Designation : |
Director |
|
Address : |
89, Manekbag Society, S M Das Road, Ambawadi - 380015, Gujarat, India |
|
Date of Birth/Age : |
09.11.1960 |
|
Date of Appointment : |
08.05.1996 |
|
DIN No.: |
00281092 |
|
Name : |
Mr. Palak Kirit Chaudhari |
|
Designation : |
Director |
|
Address : |
89, Manekbaug Society, Lane-11, S M Road, Ambawadi, Ahmedabad - 380015, Gujarat, India |
|
Date of Birth/Age : |
20.08.1993 |
|
Date of Appointment : |
21.12.2011 |
|
DIN No.: |
05146677 |
|
Name : |
Mr. Narayanbhai Kacharabhai Chaudhary |
|
Designation : |
Director |
|
Address : |
9, Vasant Park Society, Station Road, Visnagar - 384315, Gujarat, India |
|
Date of Appointment : |
23.03.2015 |
|
DIN No.: |
07136743 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2015
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Narayan
Chaudhari |
|
3000 |
|
Mr. Hemant
Desai |
|
1000 |
|
Mr. Sanat
Gandhi |
|
1000 |
|
Mr. Ratan
Agarwal |
|
1000 |
|
Mr.
Palak Chaudhari |
|
20000 |
|
Mr. Kirit
Ranchhodbhai Chaudhari |
|
345200 |
|
Mr. Rajat
Kirit Chaudhari |
|
102000 |
|
Savita
Kirit Chaudhari |
|
296800 |
|
Total |
|
770000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Paper Product and Agro Products. (Confirmed by Management) |
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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 : |
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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 AS ON 31.03.2014
|
Production |
Kraft Board Paper |
3429.46 MT |
|
Licensed
Capacity |
NA |
|
|
Installed
Capacity |
NA |
|
|
Purchase |
Indigenous Raw Material |
119.30 MT |
|
|
Imported Raw Material |
3574.52 MT |
|
|
Lignite |
1931.18 MT |
|
Sales |
Kraft Board Paper |
3417.78 MT |
|
Raw material
consumed |
Waste Paper (Indigenous and Imported) |
4085.69 MT |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users and OEM’s
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No. of Employees : |
50 (Approximately) |
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Bankers : |
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Facilities : |
NOTE: LONG TERM
BORROWING: TERM LOAN: Current and previous year Term Loan from Union Bank of India is secured
by way of first charges on Plant and machinery of the company. SHORT-TERM
BORROWING: Loan repayable on demand from bank : Cash credit A/c Union bank of
India Secured by equitable mortgage of Residential Bunglow of Director Mr.
Kirit R. Chaudhari and Mrs. Savita K. Chaudhari Hypothecation of all the stocks and book debts of the company. Personal guarantee from directors of the company Mr. Kirit Chaudhari,
Mrs. Savita Chaudhari and Mr. Rajat Chaudhari. |
|
Auditors : |
|
|
Name : |
Manubhai A. Panchal and Company Chartered Accountants |
|
Address : |
B-12, Vasupujya Chambers, Narayan Nagar Road, Ashram Road, Ahmedabad –
380014, Gujarat, India |
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PAN No.: |
AAWPP0525D |
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Memberships : |
Not Divulged |
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Collaborators : |
Not Divulged |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
770,000 |
Equity Shares |
Rs.10/- each |
Rs. 7.700 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
7.700 |
7.700 |
7.700 |
|
(b) Reserves & Surplus |
12.453 |
9.535 |
6.595 |
|
(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) |
20.153 |
17.235 |
14.295 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
26.694 |
16.559 |
26.895 |
|
(b) Deferred tax liabilities (Net) |
0.184 |
0.596 |
0.643 |
|
(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) |
26.878 |
17.155 |
27.538 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
12.886 |
14.412 |
14.271 |
|
(b) Trade
payables |
2.211 |
2.584 |
2.325 |
|
(c) Other current
liabilities |
1.609 |
3.198 |
3.491 |
|
(d) Short-term
provisions |
0.271 |
0.752 |
0.224 |
|
Total Current
Liabilities (4) |
16.977 |
20.946 |
20.311 |
|
|
|
|
|
|
TOTAL |
64.008 |
55.336 |
62.144 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
15.042 |
17.514 |
20.132 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.808 |
0.577 |
0.582 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
15.850 |
18.091 |
20.714 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
13.779 |
3.931 |
14.033 |
|
(c) Trade
receivables |
32.722 |
30.807 |
25.522 |
|
(d) Cash
and cash equivalents |
1.193 |
2.110 |
0.796 |
|
(e)
Short-term loans and advances |
0.464 |
0.397 |
1.079 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
48.158 |
37.245 |
41.430 |
|
|
|
|
|
|
TOTAL |
64.008 |
55.336 |
62.144 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
114.357 |
113.975 |
80.086 |
|
|
Other Income |
0.192 |
0.365 |
1.846 |
|
|
TOTAL SALES |
114.549 |
114.340 |
81.932 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
63.616 |
68.474 |
44.407 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1.316) |
(0.326) |
0.404 |
|
|
Employees benefits
expense |
4.946 |
5.052 |
3.846 |
|
|
Other expenses |
36.838 |
31.171 |
24.986 |
|
|
TOTAL EXPENSES |
104.084 |
104.371 |
73.643 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
10.465 |
9.969 |
8.289 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
2.439 |
2.848 |
3.378 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
8.026 |
7.121 |
4.911 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
3.579 |
2.777 |
3.181 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
4.447 |
4.344 |
1.730 |
|
|
|
|
|
|
|
Less |
TAX |
1.481 |
1.404 |
0.543 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
2.966 |
2.940 |
1.187 |
|
|
|
|
|
|
|
|
EARNINGS / (LOSS) PER
SHARE (RS.) |
3.85 |
3.82 |
1.54 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
2.325 |
3.100 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Cash generated from (Used) operations |
NA |
NA |
NA |
|
Cash generated from Operating Activities |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.59 |
2.58 |
1.48 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
9.15 |
8.75 |
10.35 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.95 |
7.85 |
2.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.25 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.08 |
1.98 |
2.88 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.84 |
1.78 |
2.04 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
7.700 |
7.700 |
7.700 |
|
Reserves & Surplus |
6.595 |
9.535 |
12.453 |
|
Net
worth |
14.295 |
17.235 |
20.153 |
|
|
|
|
|
|
long-term borrowings |
26.895 |
16.559 |
26.694 |
|
Short term borrowings |
14.271 |
14.412 |
12.886 |
|
Current Maturities of Long term debt |
0.000 |
3.100 |
2.325 |
|
Total
borrowings |
41.166 |
34.071 |
41.905 |
|
Debt/Equity
ratio |
2.880 |
1.977 |
2.079 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
80.086 |
113.975 |
114.357 |
|
|
|
42.316 |
0.335 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales
|
80.086 |
113.975 |
114.357 |
|
Profit |
1.187 |
2.940 |
2.966 |
|
|
1.48% |
2.58% |
2.59% |
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 |
No |
|
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 |
Yes |
|
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 |
31.03.2015 (Rs.
in Million) |
31.03.2014 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and
advances from Directors |
|
|
|
Kirti Chaudhari |
15.994 |
5.759 |
|
Rajat Chaudhari |
0.000 |
3.650 |
|
Savita Chaudhari |
1.000 |
0.100 |
|
|
|
|
|
Loans and
Advances from Others |
|
|
|
Hemant Desai |
0.000 |
0.300 |
|
Manoj J. Nayak |
0.000 |
0.500 |
|
Narayanbhai Chaudhari |
2.350 |
2.350 |
|
Palak Chaudhari |
0.600 |
0.400 |
|
Rajat Hemant Desai |
3.650 |
0.400 |
|
Yash Fincap Limted |
3.100 |
3.100 |
|
Total |
26.694 |
16.559 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10171425 |
29/02/2012
* |
23,300,000.00 |
UNION
BANK OF INDIA |
C.G.ROAD
BRANCH,CHIMANLAL GIRDHARDAS RD.,, 424/11 |
B35250018 |
FIXED ASSETS
- Air conditioner
- Air cooler
- Boiler
- Computer
- Furniture’s and Fixtures
- Godown shed
- Security Camera
- Pump
- Water cooler
- Vento Car
- Land and Building
- Office Equipment
- 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. 66.75 |
|
|
1 |
Rs. 99.61 |
|
Euro |
1 |
Rs. 70.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
SYL |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
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 |
|
46 |
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.