MIRA INFORM REPORT
|
Report No. : |
353448 |
|
Report Date : |
08.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
CREATIVE INFOTECH SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-222, |
|
Tel. No.: |
91-261-2411554 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
12.10.1995 |
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|
|
|
Com. Reg. No.: |
04-027752 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.230 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200GJ1995PTC027752 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTC00007A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACC9399K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Trader and Service Provider of Computer Peripherals and it Services and
Solutions. (Confirmed by Management) |
|
|
|
|
No. of Employees
: |
150 (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 |
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|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
There is an established company having satisfactory track. The ratings takes into consideration sound financial risk profile of
the company marked by decent increase in sales revenue base along with
comfortable debt level in the year 2015. However, it has reported modest networth base and has earned thin
profit margin from its operations in the year under consideration. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. In view of long track record of business operations, the concern 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.
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Manthan Kansara |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-261-2411554 |
|
Date : |
04.12.2015 |
LOCATIONS
|
Registered Office/ Warehouse : |
C-222, Belgium Chambers, Opposite Linear Bus Stand, Delhi Gate, Surat
– 395002, Gujarat, India |
|
Tel. No.: |
91-261-2411554/ 2421964/ 2601045 |
|
Fax No.: |
91-261-2601044 |
|
E-Mail : |
|
|
Website : |
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|
Area : |
5000 Sq. Ft |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Branch Office 1
: |
Ankleshwar SF - 32, Ravi Kiran Complex,
Opposite G.I.D.C. Bus Stand,
Ankleshwar – 393002, Gujarat, India
|
|
Tel. No.: |
91-2646-223686 / 221598 |
|
|
|
|
Branch Office 2
: |
Vapi 104, Riddhi Siddhi Chambers, Nr. Indian Bank, New Telephone Exchange
Road, G.I.D.C. Char Rasta, Vapi –
396195, Gujarat, India |
|
Tel. No.: |
91-260-2432316, 2410654 |
|
|
|
|
Branch Office 3
: |
Vadodara 001, Yogikrupa Apartment, 19, Nutan Bharat Society, Alkapuri,
Vadodara-390007, Gujarat, India |
|
Tel. No.: |
91-265-3259858 |
|
|
|
|
Branch Office 4
: |
Mumbai 1st Floor, "SMRUTI" Plot No. 22, Road No. 4 Jaiprakash Nagar,
Goregaon (East), Mumbai – 400063, Maharashtra, India |
|
Tel. No.: |
91-22-32259367 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Praveen Ravindran Ponnarassery |
|
Designation : |
Director |
|
Address : |
A/703, Rutvan Co-Operative Housing Society Limited, Near Sahaj Super
Store, Adajan, Surat – 395009, Gujarat, India |
|
Date of Birth/Age : |
21.12.1966 |
|
Date of Appointment : |
12.10.1995 |
|
DIN No.: |
00756103 |
|
|
|
|
Name : |
Mr. Paresh Ramjibhai Mathukia |
|
Designation : |
Director |
|
Address : |
A-302, Millennium Residency, Gujarat Gas, |
|
Date of Birth/Age : |
15.05.1971 |
|
Date of Appointment : |
01.04.2005 |
|
DIN No.: |
00737299 |
|
|
|
|
Name : |
Mrs. Bintuben Paresh Mathukia |
|
Designation : |
Director |
|
Address : |
A-302, Millennium Residency, Gujarat Gas, Palanpur Road, Surat-395009,
|
|
Date of Birth/Age : |
11.10.1974 |
|
Date of Appointment : |
01.04.2005 |
|
DIN No.: |
01048791 |
|
|
|
|
Name : |
Mrs. Geeta Praveen Ponnarassery |
|
Designation : |
Director |
|
Address : |
A/703, Rutvan Co-Operative Housing Society Limited, Near Sahaj Super
Store, Adajan, Surat-395009, |
|
Date of Birth/Age : |
10.04.1970 |
|
Date of Appointment : |
01.04.2005 |
|
DIN No.: |
01862415 |
KEY EXECUTIVES
|
Name : |
Mr. Manthan Kansara |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2015
|
Names of Shareholders |
No. of Shares |
|
P R Praveen |
36900 |
|
Paresh Mathuka |
33300 |
|
Geeta P R Praveen |
27210 |
|
Umang Tekriwal |
100 |
|
Bintuben Paresh Mathuka |
22700 |
|
P R Praveen RE: P R Praveen HUF |
1400 |
|
Paresh Mathukia RE: Paresh Mathuka - HUF |
1400 |
|
Total |
123010 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
99.92 |
|
Other
top fifty shareholders |
0.08 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Service Provider of Computer Peripherals and it Services and
Solutions. (Confirmed by Management) |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
-- |
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Countries : |
-- |
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Imports : |
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Products : |
-- |
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Countries : |
-- |
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Terms : |
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Selling : |
Cash, Advance Payment and Credit |
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Purchasing : |
Cash, Advance Payment and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users
· Piramal Glass Limited · Nuclear Power Corporation of India Limited · Gujarat Insecticides Limited · Aditya Birla Group · Solvay Pharmaceuticals · Gharda Chemicals Limited · Alok Industries Limited |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
·
Central Bank of India Sahara Darwaja, Textile
Market Branch, Ring Road, Surat - 395002, Gujarat, India |
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Facilities : |
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|
Banking
Relations : |
-- |
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|
Auditors : |
|
|
Name : |
RRA and Company Chartered Accountants |
|
Address : |
HG-1D, International Trade Centre, Majuragate, Ring Road, Surat –
395002, Gujarat, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAFFR4860E |
|
|
|
|
Memberships : |
-- |
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|
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Collaborators : |
-- |
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|
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150,000 |
Equity Shares |
Rs. 10/- each |
Rs. 1.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
123,010 |
Equity Shares |
Rs. 10/- each |
Rs. 1.230
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 |
1.230 |
1.230 |
1.230 |
|
(b) Reserves & Surplus |
29.515 |
27.206 |
25.064 |
|
(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) |
30.745 |
28.436 |
26.294 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.413 |
0.629 |
0.506 |
|
(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) |
0.413 |
0.629 |
0.506 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
28.135 |
25.708 |
28.116 |
|
(b)
Trade payables |
40.297 |
29.712 |
26.781 |
|
(c)
Other current liabilities |
2.980 |
2.756 |
3.248 |
|
(d)
Short-term provisions |
3.239 |
2.957 |
1.174 |
|
Total
Current Liabilities (4) |
74.651 |
61.133 |
59.319 |
|
|
|
|
|
|
TOTAL |
105.809 |
90.198 |
86.119 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
5.153 |
6.027 |
6.134 |
|
(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 |
0.013 |
0.013 |
0.013 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and
Advances |
0.579 |
0.648 |
0.809 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
5.745 |
6.688 |
6.956 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
11.364 |
11.126 |
13.809 |
|
(c)
Trade receivables |
79.689 |
61.874 |
55.597 |
|
(d)
Cash and cash equivalents |
4.246 |
4.308 |
3.204 |
|
(e)
Short-term loans and advances |
4.645 |
5.746 |
5.831 |
|
(f)
Other current assets |
0.120 |
0.456 |
0.722 |
|
Total
Current Assets |
100.064 |
83.510 |
79.163 |
|
|
|
|
|
|
TOTAL |
105.809 |
90.198 |
86.119 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
299.542 |
282.939 |
267.942 |
|
|
|
Other Income |
0.409 |
0.282 |
0.149 |
|
|
|
TOTAL |
299.951 |
283.221 |
268.091 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
244.747 |
230.722 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(0.238) |
2.682 |
|
|
|
|
Other Trading Expenses |
2.668 |
1.821 |
|
|
|
|
Employees benefits expense |
29.741 |
29.527 |
|
|
|
|
Other expenses |
13.454 |
10.659 |
|
|
|
|
TOTAL |
290.372 |
275.411 |
264.134 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
9.579 |
7.810 |
(Including
Financial Expenses) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
4.841 |
4.304 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
4.738 |
3.506 |
3.957 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.919 |
0.370 |
0.592 |
|
|
|
|
|
|
|
|
|
Less |
EXTRA ORDINARY
ITEMS |
0.000 |
0.000 |
0.099 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
3.819 |
3.136 |
3.266 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.079 |
0.994 |
1.074 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.740 |
2.142 |
2.192 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
22.27 |
17.41 |
17.82 |
|
Expected Sales (2015-2016): Rs. 400.000 Million
The above information has been parted by Mr. Manthan Kansara (Accounts
Manager)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.211 |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from Operating Activities |
4.777 |
5.229 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.91 |
0.76 |
0.82 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
3.20 |
2.76 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.61 |
3.48 |
3.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.11 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.92 |
0.90 |
1.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
1.37 |
1.33 |
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 |
1.230 |
1.230 |
1.230 |
|
Reserves & Surplus |
25.064 |
27.206 |
29.515 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
26.294 |
28.436 |
30.745 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
28.116 |
25.708 |
28.135 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
0.211 |
0.000 |
0.000 |
|
Total
borrowings |
28.327 |
25.708 |
28.135 |
|
Debt/Equity
ratio |
1.077 |
0.904 |
0.915 |
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 |
267.942 |
282.939 |
299.542 |
|
|
|
5.597 |
5.868 |
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 |
267.942 |
282.939 |
299.542 |
|
Profit |
2.192 |
2.142 |
2.740 |
|
|
0.82% |
0.76% |
0.91% |
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 |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10270572 |
12/07/2014 * |
16,000,000.00 |
ICICI BANK LIMITED |
SHYAM CHAMBERS, OPP.
SUB JAIL,, RING ROAD, SURAT- 395002, |
C13710421 |
|
2 |
10290840 |
11/07/2014 * |
16,000,000.00 |
ICICI BANK LIMITED |
SHYAM CHAMBERS,
OPP. SUB JAIL,, RING ROAD, SURAT- 395002, |
C13657143 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2015 (Rs.
In Million) |
31.03.2014 (Rs.
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Standard Chartered Bank Limited |
11.848 |
11.190 |
|
AEBC Credit Card |
0.000 |
0.003 |
|
Yes Bank |
6.066 |
0.000 |
|
|
|
|
|
Total |
17.914 |
11.193 |
COMPANY INFORMATION:
Subject is a private limited company
incorporated under the provisions of Companies Act, 1956 (Now Companies Act, 2013).
The Company is engaged in the business of Trading in Computer Hardware and
Computer Maintenance Services.
PERFORMANCE AND
PROSPECTS:
During the year, the company has recorded turnover of Rs. 299.951
Million against the previous year turnover of Rs. 283.221 Million and net
profit of Rs 2.739 Million against last year net profit of Rs. 2.142 Million.
The directors have initiated various measures to improve the performance of the
company and hopeful that current year performance will improve further.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
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 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. 66.63 |
|
|
1 |
Rs. 100.65 |
|
Euro |
1 |
Rs. 72.40 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
IND |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
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 |
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 |
|
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.