MIRA INFORM REPORT
|
Report No. : |
354738 |
|
Report Date : |
15.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
ESTEEM INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 76 and 77, Pissurlem Industrial Estate, Pissurlem,
Sattari-403530, Goa |
|
Tel. No.: |
91-832-6613287/ 2352001 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
26.12.2001 |
|
|
|
|
Com. Reg. No.: |
11-003056 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 25.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231GA2001PTC003056 |
|
|
|
|
IEC No.: |
1702000249 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACE9474F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Chemicals Used In Textile Industry, Leather
Industry, etc. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Information declined by the Management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (18) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject was established in the year 2001 and it is engaged in as
manufacturer and exporter of chemicals used in textile industry, leather
industry, etc. As per Registrar of companies the date of balance sheet (i.e.
financial filed) is shown as 31.03.2014 but the documents related to the
financial for the year 2014 and 2013 are not available. Furthermore,
management of the company has not filed its latest financial of 2015 with the
Registrar of Companies and same are not available from any sources. As per previous financial record of 2012, financial position of the
company seems to be fair. Rating remain constrained on account of absence of financial
information to evaluated risk associated with the subject company. Business is active as the status shown in the Registrar of Companies.
Payments are reported to be unknown. In view of aforesaid, the company can be considered for business
dealings on safe and secured 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 DECLINED
MANAGEMENT NON-COOPERATIVE
(Contact No: 91-832-6613245/ 6616607)
LOCATIONS
|
Registered Office/ Factory : |
Plot No. 76 and 77, Pissurlem Industrial Estate, Pissurlem,
Sattari-403530, Goa, India |
|
Tel. No.: |
91-832-6613287/ 2352001 |
|
Fax No.: |
91-832-6616607 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Amol Ashok Walke |
|
Designation : |
Director |
|
Address : |
Sushila D-29 Housing Board Colony, Mapusa Bardez-403507, Goa, India |
|
Date of Appointment : |
21.01.2002 |
|
PAN No.: |
AAKPW7932R |
|
DIN No.: |
00664315 |
|
|
|
|
Name : |
Mr. Keki Pheroze Gandhi |
|
Designation : |
Director |
|
Address : |
Hari Niwas 1st Floor, 19 Mathew Road Girgaon, Mumbai-400004,
Maharashtra, India |
|
Date of Appointment : |
21.01.2002 |
|
PAN No.: |
AJQPG4864K |
|
DIN No.: |
00664567 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Keki Gandhi |
125000 |
50.00 |
|
Anjali Walke |
112500 |
45.00 |
|
Amol Walke |
12500 |
5.00 |
|
Total |
250000 |
100.00 |
AS ON 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Chemicals Used In Textile Industry,
Leather Industry, etc. (Registered Activity) |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the Management |
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Bankers : |
·
The Royal Bank of Scotland N. V. 4, North Avenue, Level 3,
Maker Maxity, Bandra Kurla Complex, Bandra East, Mumbai - 400051,
Maharashtra, India · HDFC Bank Limited ·
The Saraswat Co-operative Bank Limited |
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Facilities : |
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|
Banking
Relations : |
-- |
|
|
|
|
Financial Institutions : |
· Pyramid Finance Private Limited Salgaocar House, F Luis Gomes Road, Vasco Da Gama, Goa – 403 802, India |
|
|
|
|
Auditors : |
|
|
Name : |
B Y and Associates Chartered Accountants |
|
Address : |
510-513, Apeejay House, 130, Mumbai Samachar Marg, Fort,
Mumbai-400023, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAFFB0462N |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
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|
|
|
Associates : [AS ON 31.03.2012] |
· Grand Organics Private Limited, India (U24119GA1994PTC001573) · Venus Ethoxyethers Private Limited, India (U24119GA1990PTC001099) · VIC Industries |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are
partners with Key management
personnel and their relatives : [AS ON 31.03.2012] |
Dyna Glycols Private Limited, India (U24119MH2006PTC164262) |
CAPITAL STRUCTURE
AFTER 30.09.2013
Authorised Capital : Rs. 50.000 Million
Issued, Subscribed & Paid-up Capital : Rs. 50.000
Million
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300,000 |
Equity Shares |
Rs. 100/- each |
Rs. 30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250,000 |
Equity Shares |
Rs. 100/- each |
Rs. 25.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
25.000 |
25.000 |
|
(b) Reserves & Surplus |
|
249.831 |
196.677 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
274.831 |
221.677 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
135.179 |
77.390 |
|
(b) Deferred tax liabilities (Net) |
|
12.620 |
2.495 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
59.902 |
42.901 |
|
Total
Non-current Liabilities (3) |
|
207.701 |
122.786 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
279.673 |
280.698 |
|
(b)
Trade payables |
|
281.588 |
223.218 |
|
(c)
Other current liabilities |
|
66.660 |
34.382 |
|
(d)
Short-term provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
|
627.921 |
538.298 |
|
|
|
|
|
|
TOTAL |
|
1110.453 |
882.761 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
250.180 |
196.581 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
13.477 |
8.458 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.025 |
0.025 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
63.086 |
59.395 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
326.768 |
264.459 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
145.693 |
109.298 |
|
(c)
Trade receivables |
|
474.993 |
338.096 |
|
(d)
Cash and cash equivalents |
|
53.157 |
49.046 |
|
(e)
Short-term loans and advances |
|
109.842 |
121.862 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
783.685 |
618.302 |
|
|
|
|
|
|
TOTAL |
|
1110.453 |
882.761 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
25.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
146.300 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
171.300 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
224.801 |
|
|
2] Unsecured Loans |
|
|
27.930 |
|
|
TOTAL BORROWING |
|
|
252.731 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
424.031 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
89.809 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.025 |
|
|
DEFERREX TAX ASSETS |
|
|
1.125 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
56.112 |
|
|
Sundry Debtors |
|
|
243.540 |
|
|
Cash & Bank Balances |
|
|
50.491 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
111.475 |
|
Total
Current Assets |
|
|
461.618 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
96.706 |
|
|
Other Current Liabilities |
|
|
0.439 |
|
|
Provisions |
|
|
31.401 |
|
Total
Current Liabilities |
|
|
128.546 |
|
|
Net Current Assets |
|
|
333.072 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
424.031 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
2003.098 |
1292.507 |
878.068 |
|
|
|
Other Income |
7.690 |
7.263 |
5.595 |
|
|
|
TOTAL (A) |
2010.788 |
1299.770 |
883.663 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
701.755 |
|
|
|
Employees Remuneration |
|
|
21.358 |
|
|
|
Operating and Establishment
Expenses |
|
|
70.286 |
|
|
|
Selling and Administrative
Expenses |
|
|
8.473 |
|
|
|
TOTAL (B) |
1832.106 |
1183.900 |
801.872 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
178.682 |
115.870 |
81.791 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
71.518 |
48.938 |
42.274 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
107.164 |
66.932 |
39.517 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
27.885 |
13.935 |
9.118 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
79.279 |
52.997 |
30.399 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
26.126 |
15.622 |
13.258 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
53.153 |
37.375 |
17.141 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
212.61 |
149.50 |
68.57 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Current Maturities of Long term debt |
46.329 |
17.033 |
NA |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from (used in) Operations |
112.693 |
32.772 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.65 |
2.89 |
1.95 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
8.92 |
8.96 |
9.31 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.23 |
6.06 |
5.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.24 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.68 |
1.69 |
1.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25 |
1.15 |
2.95 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
25.000 |
25.000 |
|
Reserves & Surplus |
196.677 |
249.831 |
|
Money received against share
warrants |
0.000 |
0.000 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
|
Net
worth |
221.677 |
274.831 |
|
|
|
|
|
Long-term borrowings |
77.390 |
135.179 |
|
Short term borrowings |
280.698 |
279.673 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
17.033 |
46.329 |
|
Total
borrowings |
375.121 |
461.181 |
|
Debt/Equity
ratio |
1.692 |
1.678 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
878.068 |
1292.507 |
2003.098 |
|
|
|
47.199 |
54.978 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
878.068 |
1292.507 |
2003.098 |
|
Profit |
17.141 |
37.375 |
53.153 |
|
|
1.95% |
2.89% |
2.65% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
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 |
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 |
No |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10592505 |
12/08/2015 |
792,000.00 |
THE SARASWAT CO OP BANK LIMITED |
SHOP NO. 8 & 9,
SHETYE RESICOM, BICHOLIM, GOA, GO |
C64904832 |
|
2 |
10579321 |
30/06/2015 |
2,590,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C58602293 |
|
3 |
10571175 |
05/05/2015 |
20,000,000.00 |
PYRAMID FINANCE PRIVATE LIMITED |
SALGAOCAR HOUSE, F
LUIS GOMES ROAD, VASCO DA GAM |
C54478664 |
|
4 |
10547286 |
16/01/2015 |
35,000,000.00 |
PYRAMID FINANCE PRIVATE LIMITED |
SALGAOCAR HOUSE, F
LUIS GOMES ROAD, VASCO DA GAM |
C42585703 |
|
5 |
10561407 |
23/12/2014 |
465,751.00 |
THE SARASWAT CO-OPERATIVE BANK LTD |
SHOP NO 8 & 9,
SHETYE RESICOM,, BICHOLIM, GOA, GO |
C49747918 |
|
6 |
10547306 |
14/11/2014 |
1,150,000.00 |
THE SARASWAT CO OP BANK LIMITED |
SHOP NO. 8 & 9,
SHETYE RESICOM, BICHOLIM, GOA, GO |
C42596817 |
|
7 |
10528001 |
31/10/2014 |
1,011,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C31404486 |
|
8 |
10540223 |
29/09/2014 |
2,384,244.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C39008669 |
|
9 |
10528954 |
24/09/2014 |
20,000,000.00 |
PYRAMID FINANCE PRIVATE LIMITED |
SALGAOCAR HOUSE, F
LUIS GOMES ROAD, VASCO DA GAM |
C31603079 |
|
10 |
10528256 |
20/06/2014 |
370,000,000.00 |
CANARA BANK |
NARAYAN BUILDING,
II FLOOR, KURLA ANDHERI ROAD,, |
C25784182 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2012 (Rs.
In Million) |
31.03.2011 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Term loans from banks |
1.437 |
0.000 |
|
Loans and advances from related parties |
20.805 |
21.567 |
|
Other loans and advances |
10.797 |
0.000 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on demand from banks |
32.718 |
28.103 |
|
Loans repayable on demand from others |
23.728 |
18.280 |
|
|
|
|
|
Total |
89.485 |
67.950 |
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
· Plant and Machinery
· Computers
· Furniture and Fixtures
·
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. 66.99 |
|
|
1 |
Rs. 101.78 |
|
Euro |
1 |
Rs. 73.47 |
INFORMATION DETAILS
|
Information Gathered
by : |
KMN |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
IND |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
18 |
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.