MIRA INFORM REPORT
|
Report No. : |
353173 |
|
Report Date : |
07.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
SVARN TEX PRINTS PRIVATE LIMITED (w.e.f 10.12.2007) |
|
|
|
|
Formerly Known
As : |
SVARN TELELINKS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
34 G, Ashoka Avenue, Sainik Farms, New Delhi – 110062 |
|
Mob. No.: |
91-9711139435 (Mr. Gupta) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
16.04.2007 |
|
|
|
|
Com. Reg. No.: |
55-162072 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 47.300 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U64204DL2007PTC162072 |
|
|
|
|
IEC No.: |
0507077881 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
DELS33570F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAKCS7660R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Trader of Printed Fabric, Dyed Fabric etc.
(Confirmed by
management) |
|
|
|
|
No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 2007,
having satisfactory track. Rating takes into consideration sound financial risk profile of the
company marked by adequate networth base and comfortable gearing in FY2014. Further the company has reported significant increase in sales turnover
and profit along with fair profit margin in the year under consideration. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of long track of business operations along with decent financial
condition, the company can be considered for business dealings with 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
|
Rating Agency Name |
ICRA RATING |
|
Rating |
Long Term Rating = B+ |
|
Rating Explanation |
Risk prone credit quality and carries very high credit risk |
|
Date |
July 2015 |
|
Rating Agency Name |
ICRA RATING |
|
Rating |
Short Term Rating = A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
July 2015 |
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. Rakesh Yadav |
|
Designation : |
CFO |
|
Contact No.: |
91-129-4294200 |
|
Date : |
07.12.2015 |
LOCATIONS
|
Registered Office : |
34 G, Ashoka Avenue, Sainik Farms, New Delhi – 110062, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9711139435 (Mr. Gupta) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory/ Warehouse : |
D-25 and 26, Kosi Kotwan Industrial Area, Kosi Kalan – 281403,
Mathura, Uttar Pradesh, India |
|
|
|
|
Corporate Office : |
Plot No. 1, Site No. 1, 14/3, Mathura Road, Faridabad – 121003,
Haryana, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Sadhu Ram Gupta |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Additional Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
House No. 1266, Sector-15, Faridabad - 121007, Haryana, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
26.06.1945 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.12.2010 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00042352 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Vijay Kumar Gupta |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
House No. 1266, Sector-15, Faridabad - 121007, Haryana, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
26.06.1975 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.09.2008 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00044767 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Ajay Kumar Gupta |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
House No. 1266, Sector-15, Faridabad - 121007, Haryana, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
06.02.1976 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
16.04.2007 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01360804 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Rakesh Yadav |
|
Designation : |
CFO |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
93.00 |
|
Other top fifty shareholders |
7.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Trader of Printed Fabric, Dyed Fabric etc.
(Confirmed by
management) |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
Bangladesh |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, L/C and Credit |
|
|
|
|
Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
400 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Sensons Chartered Accountant |
|
Address : |
667, Sector – 28, Faridabad – 121003, Haryana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADFS6389K |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises over which key management persons or their Relative having
significant influence : |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs. 70.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4730000 |
Equity Shares |
Rs.10/- each |
Rs. 47.300
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 |
47.300 |
47.300 |
40.353 |
|
(b) Reserves & Surplus |
32.763 |
23.308 |
30.422 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
65.039 |
52.815 |
64.429 |
|
Total
Shareholders’ Funds (1) + (2) |
145.102 |
123.423 |
135.204 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
46.157 |
82.402 |
80.981 |
|
(b) Deferred tax liabilities (Net) |
26.805 |
22.093 |
20.046 |
|
(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) |
72.962 |
104.495 |
101.027 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
126.705 |
119.082 |
87.460 |
|
(b) Trade payables |
109.092 |
110.871 |
121.546 |
|
(c) Other
current liabilities |
55.444 |
44.393 |
51.476 |
|
(d) Short-term
provisions |
1.553 |
1.026 |
1.248 |
|
Total Current
Liabilities (4) |
292.794 |
275.372 |
261.730 |
|
|
|
|
|
|
TOTAL |
510.858 |
503.290 |
497.961 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
214.095 |
223.316 |
228.827 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.239 |
0.000 |
1.724 |
|
(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 |
2.251 |
1.751 |
1.751 |
|
(e) Other
Non-current assets |
3.689 |
3.689 |
1.858 |
|
Total Non-Current
Assets |
220.274 |
228.756 |
234.160 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
153.311 |
174.531 |
156.566 |
|
(c) Trade
receivables |
112.988 |
81.590 |
88.839 |
|
(d) Cash
and cash equivalents |
7.850 |
8.558 |
6.070 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current
assets |
16.435 |
9.855 |
12.326 |
|
Total
Current Assets |
290.584 |
274.534 |
263.801 |
|
|
|
|
|
|
TOTAL |
510.858 |
503.290 |
497.961 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
566.442 |
494.590 |
451.577 |
|
|
Other Income |
4.122 |
8.224 |
9.510 |
|
|
TOTAL |
570.564 |
502.814 |
461.087 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
305.970 |
277.704 |
225.801 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
4.889 |
(20.158) |
(61.253) |
|
|
Employees benefits expense |
30.826 |
29.158 |
27.512 |
|
|
Other expenses |
173.157 |
185.099 |
211.866 |
|
|
Preliminary Expenses |
0.019 |
0.019 |
0.019 |
|
|
TOTAL |
514.861 |
471.822 |
403.945 |
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
55.703 |
30.992 |
57.142 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
28.842 |
32.198 |
30.869 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
26.861 |
(1.206) |
26.273 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
12.371 |
12.198 |
16.664 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
14.490 |
(13.404) |
9.609 |
|
|
|
|
|
|
|
Less |
TAX |
4.712 |
2.046 |
3.698 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
9.778 |
(15.450) |
5.911 |
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
Export Earnings |
24.590 |
39.099 |
20.190 |
|
|
TOTAL EARNINGS |
24.590 |
39.099 |
20.190 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.000 |
6.185 |
1.260 |
|
|
TOTAL IMPORTS |
0.000 |
6.185 |
1.260 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.07 |
(3.26) |
1.25 |
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 |
47.876 |
14.676 |
30.620 |
|
Net cash flows from (used in) operations |
47.553 |
12.845 |
28.844 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.73 |
(3.12) |
1.31 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
9.83 |
6.27 |
12.65 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.84 |
(2.66) |
1.94 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
(0.11) |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.19 |
1.63 |
1.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.99 |
1.00 |
1.01 |
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 |
40.353 |
47.300 |
47.300 |
|
Reserves & Surplus |
30.422 |
23.308 |
32.763 |
|
Share Application money
pending allotment |
64.429 |
52.815 |
65.039 |
|
Net
worth |
135.204 |
123.423 |
145.102 |
|
|
|
|
|
|
long-term borrowings |
80.981 |
82.402 |
46.157 |
|
Short term borrowings |
87.460 |
119.082 |
126.705 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
168.441 |
201.484 |
172.862 |
|
Debt/Equity
ratio |
1.246 |
1.632 |
1.191 |
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) |
|
Sales |
451.577 |
494.590 |
566.442 |
|
|
|
9.525 |
14.528 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
451.577 |
494.590 |
566.442 |
|
Profit |
5.911 |
(15.450) |
9.778 |
|
|
1.31% |
(3.12%) |
1.73% |
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 |
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 |
No |
|
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
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
From Directors |
8.127 |
17.232 |
|
From Shareholders |
4.996 |
7.408 |
|
|
|
|
|
Total |
13.123 |
24.640 |
|
|
|
|
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10571490 |
20/05/2015 |
530,000.00 |
STATE BANK OF PATIALA |
MID CORPORATE
BRANCH,, SHUBHAM COMPLEX, NEELAM BA |
C54717079 |
|
2 |
10571488 |
30/04/2015 |
400,000.00 |
STATE BANK OF PATIALA |
MID CORPORATE
BRANCH,, SHUBHAM COMPLEX, NEELAM BA |
C54715735 |
|
3 |
10429347 |
20/05/2013 * |
137,500,000.00 |
STATE BANK OF PATIALA |
MID CORPORATE
BRANCH,, SHUBHAM COMPLEX, NEELAM BA |
B76995315 |
|
4 |
10277954 |
19/04/2012 * |
295,000,000.00 |
STATE BANK OF PATIALA |
MID CORPORATE
BRANCH,, SHUBHAM COMPLEX, NEELAM BA |
B39231022 |
|
5 |
10119103 |
17/12/2009 * |
60,000,000.00 |
STATE BANK OF PATIALA |
COMMERCIAL BRANCH,,
OM SHUBHAM TOWER, 69-70-71, N |
A75506618 |
|
6 |
10119104 |
03/03/2015 * |
172,500,000.00 |
STATE BANK OF PATIALA |
MID CORPORATE
BRANCH, OM SHUBHAM TOWER, NIT FARID |
C51673622 |
* Date of charge modification
FIXED ASSETS
- Leasehold
Land
- Factory
Building
- Plant and
Machinery
- Electric
Installation
- Office
Equipments
- Vehicles
- Computer
- Furniture and
Fixture
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 records 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 records 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. 66.84 |
|
UK Pound |
1 |
Rs. 101.04 |
|
Euro |
1 |
Rs. 73.05 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
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 |
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.