MIRA INFORM REPORT
|
Report No. : |
353464 |
|
Report Date : |
08.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
MAHINDRA RESIDENTIAL DEVELOPERS LIMITED |
|
|
|
|
Registered
Office : |
Mahindra World City, Administrative Block, Chegalpattu – 603002, Tamilnadu
|
|
Tel. No.: |
91-22-67478600 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
01.02.2008 |
|
|
|
|
Com. Reg. No.: |
18-066292 |
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|
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|
Capital
Investment / Paid-up Capital : |
Rs.2.600 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200TN2008PLC066292 |
|
|
|
|
IEC No.: |
Not Available (As claimed by company management that company does not export and
import) |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
CHEM10254G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCM4258E |
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|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject in the business of Development of residential complexes. (Registered Activity) |
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|
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|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (69) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of Mahindra Intergraded Township Limited
incorporated in the year 2008. As per Registrar of Companies the date of balance sheet (i.e.
financial filed) is shown as 31.03.2015 but the financials are not available
from any sources. For the financial year ended 2014, the company has healthy operational
activity marked by steady growth in sales turnover along with profitability
margin of 21.6%. Rating derives strength from sound financial position backed by zero
debt balance sheet profile. Further, it receives strong financial and
managerial support from its holding company. Trade relations are fair. Business is active. Payments terms are
regular and as per commitments. In view of extensive experience of its promoters, 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 DECLINED
Management Non-Cooperative (Tel No.:91-22-67478600)
LOCATIONS
|
Registered Office : |
Mahindra World City, Administrative Block, Chegalpattu – 603002, Tamilnadu,
India |
|
Tel. No.: |
91-44-67455001 |
|
Fax No.: |
91-44-37483535 |
|
E-Mail : |
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|
|
|
|
Corporate Office : |
Dr. G.M. Bhosale Marg, Worli, 5th F, Mumbai – 400018,
Maharashtra, India |
DIRECTORS
As on 22.07.2014
|
Name : |
Mr. Sanjiv Kapoor |
|
Designation : |
Director |
|
Address : |
13/397, Civil Lines, Kanpur - 208001, Uttar Pradesh, India |
|
Date of Appointment : |
23.03.2015 |
|
DIN No.: |
00004005 |
|
|
|
|
Name : |
Mr. Raghunath Murti |
|
Designation : |
Director |
|
Address : |
53, Venus Apartment, 87, Cuffe Parade, Mumbai - 400005, Maharashtra, India |
|
Date of Appointment : |
23.03.2015 |
|
DIN No.: |
00082761 |
|
|
|
|
Name : |
Ms. Sangeeta Prasad |
|
Designation : |
Director |
|
Address : |
Saraswathi Apartments II Floor, 6 C.P. Ramaswamy Street Abiramapuram, Chennai - 600018, Tamil Nadu, India |
|
Date of Appointment : |
12.11.2009 |
|
DIN No.: |
02791944 |
|
|
|
|
Name : |
Mr. Jayant Bhalchandra Manmadkar |
|
Designation : |
Director |
|
Address : |
707, Keshar Upvan CHS, Pokharan Road 2, Thane West - 400610, Maharashtra, India |
|
Date of Appointment : |
23.03.2015 |
|
DIN No.: |
03044559 |
|
|
|
|
Name : |
Mr. Sanjay Shantilal Jain |
|
Designation : |
Director |
|
Address : |
3B, Poplar House, Edenwoods Chs Limited, Pokharan Road No 2, Pawar Nagar, Thane - 400610, Maharashtra, India |
|
Date of Appointment : |
23.03.2015 |
|
DIN No.: |
06446899 |
KEY
EXECUTIVE
|
Name : |
Mr. M.K. Surana and Company |
|
Designation : |
Company Secretary |
|
Address : |
S.U.S. Bhawan, No.2, Vimala Street, Ayyavoo Colony, Aminjikarai, Chennai – 600029, Tamilnadu, India |
|
Tel No : |
91-44-23633680 |
|
Fax No.: |
91-44-23631394 |
|
Mobile No.: |
91-9940577777 |
|
Email : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 22.07.2014
|
Names of Equity Shareholders |
|
No. of Shares |
|
Mahindra Integrated Township Limited, Kanchecpuram |
|
50000 |
|
Mahindra Integrated Township Limited and Ms. Anita Arjundas |
|
1 |
|
Mahindra Integrated Township Limited and Mr. Sethuraman Chandan |
|
1 |
|
Mahindra Integrated Township Limited and Mr. Rajendra Joshi |
|
1 |
|
Mahindra Integrated Township Limited and Mr. Kanchandran Eswaran |
|
1 |
|
Mahindra Integrated Township Limited and Mr. Kalyanasundaram Shyam
Sundar |
|
1 |
|
Mahindra Integrated Township Limited, Kanchecpuram |
|
199993 |
|
Mahindra Integrated Township Limited and Ms. Sangeeta Prasad |
|
1 |
|
Mahindra Integrated Township Limited and Ms. K. Bharathy |
|
1 |
|
Total |
|
250000 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Mahindra Integrated Township Limited, Kanchecpuram |
|
10000 |
|
Total |
|
10000 |
Equity Share Break up (Percentage of Total Equity)
As on 22.07.2014
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject in the business of Development of residential complexes. (Registered Activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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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 : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Financial Institution : |
Housing Development Finance Corporation Limited, Ramon House 169 Backbay
Reclamation, H T Parekh Marg, Mumbai – 400020, Maharashtra, India |
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|
|
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Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
ASVN Ramana Towers, 52, Venkatanaryana Road, Chennai – 600017, Tamilnadu, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFD3771D |
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|
|
Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
Ultimate Holding
company : |
L65990MH1945PLC004558
L45200MH1999PLC118949 |
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|
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|
Holding company : |
U74140TN1996PLC068288 |
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|
|
|
Fellow Subsidiary
company |
U92490TN1997PLC037551
U85110KA1994PLC015473 |
CAPITAL STRUCTURE
As on 22.07.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
450000 |
Equity Shares |
Rs.10/- each |
Rs.4.500 Million |
|
50000 |
Preference Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
Total |
|
Rs.5.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500
Million |
|
10000 |
Preference Shares |
Rs.10/- each |
Rs.0.100 Million |
|
|
Total |
|
Rs.2.600 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 |
2.600 |
2.600 |
2.600 |
|
(b) Reserves & Surplus |
926.757 |
598.623 |
592.249 |
|
(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) |
929.357 |
601.223 |
594.849 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
30.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
0.000 |
30.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
220.655 |
152.721 |
115.702 |
|
(c) Other current liabilities |
411.619 |
216.237 |
200.623 |
|
(d) Short-term provisions |
11.302 |
1.905 |
39.754 |
|
Total
Current Liabilities (4) |
643.576 |
370.863 |
356.079 |
|
|
|
|
|
|
TOTAL |
1572.933 |
1002.086 |
950.928 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.000 |
0.000 |
0.000 |
|
(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 |
38.090 |
14.953 |
4.034 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
38.090 |
14.953 |
4.034 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
681.948 |
447.347 |
480.461 |
|
(c) Trade receivables |
252.763 |
149.608 |
62.500 |
|
(d) Cash and cash equivalents |
136.372 |
63.390 |
59.883 |
|
(e) Short-term loans and
advances |
338.133 |
274.121 |
226.555 |
|
(f) Other current assets |
125.627 |
52.667 |
117.495 |
|
Total
Current Assets |
1534.843 |
987.133 |
946.894 |
|
|
|
|
|
|
TOTAL |
1572.933 |
1002.086 |
950.928 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Revenue from Operations |
1513.296 |
764.213 |
535.146 |
|
|
Other Income |
42.412 |
23.798 |
14.958 |
|
|
TOTAL
(A) |
1555.708 |
788.011 |
550.104 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1304.145 |
561.082 |
362.752 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(234.601) |
33.114 |
(23.678) |
|
|
Employees benefits expense |
0.000 |
0.000 |
0.000 |
|
|
Other expenses |
66.739 |
80.888 |
70.181 |
|
|
TOTAL
(B) |
1136.283 |
675.084 |
409.255 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
419.425 |
112.927 |
140.849 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.275 |
3.251 |
4.726 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
415.150 |
109.676 |
136.123 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
415.150 |
109.676 |
136.123 |
|
|
|
|
|
|
|
Less |
TAX (H) |
87.016 |
21.946 |
27.238 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
328.134 |
87.730 |
108.885 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
55.090 |
48.716 |
-25.303 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Dividend on preference shares
(including tax on distributed profits) |
|
81.356 |
34.866 |
|
|
Total
(M) |
0.000 |
81.356 |
34.866 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
383.224 |
55.090 |
48.716 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
1014.24 |
0.00 |
0.00 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
30.000 |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
243.254 |
175.533 |
(7.146) |
|
Net cash flow from operating activity |
138.301 |
141.136 |
(29.277) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
21.68 |
11.48 |
20.35 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
27.72 |
14.78 |
26.32 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
26.39 |
10.94 |
14.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.45 |
0.18 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.03 |
0.05 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.38 |
2.66 |
2.66 |
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 |
2.600 |
2.600 |
2.600 |
|
Reserves & Surplus |
592.249 |
598.623 |
926.757 |
|
Net
worth |
594.849 |
601.223 |
929.357 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
30.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities Of Long-Term Debts |
0.000 |
0.000 |
30.000 |
|
Total
borrowings |
0.000 |
30.000 |
30.000 |
|
Debt/Equity
ratio |
0.000 |
0.050 |
0.032 |
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 |
535.146 |
764.213 |
1513.296 |
|
|
|
42.805 |
98.020 |
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 |
535.146 |
764.213 |
1513.296 |
|
Profit |
108.885 |
87.730 |
328.134 |
|
|
20.35% |
11.48% |
21.68% |
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 |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE INFORMATION
The Company was incorporated on February 1, 2008. It is engaged in the business of Development of residential complexes at Mahindra World City, Chennai.
OPERATIONS
A qualily is a premium project within Mahindra World City,
Chennai. Spread across 55 acres of land, the project offers villas and
apartments covering 1.57 million
square feet. During the year 2013-14, the Company completed the construction of
the last three phases of the villas (1B, 1C, 1D) and the first phase of apartments (2A), taking the total
completed area under the project to 0.61 million square feet. Handover of units
to the customers is in progress.
Construction for the next two phases of apartments (2B, 2C) covering 0.78
million square feet is progressing as per
schedule. 48% of the total units launched in this project have been sold
upto March, 14.
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10271180 |
18/01/2011 |
610,000,000.00 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MA |
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.66.62 |
|
|
1 |
Rs.100.65 |
|
Euro |
1 |
Rs.72.40 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
69 |
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.