MIRA INFORM REPORT
|
Report No. : |
355017 |
|
Report Date : |
16.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
RPS INFRA PROJECTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-113, 1st Floor, Shyam Kamal, Agarwal Market, Vile Parle (East),
Mumbai – 400057, Maharashtra |
|
Tel. No.: |
91-22-26183644/ 26122763 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
03.08.2006 |
|
|
|
|
Com. Reg. No.: |
11-163522 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 40.400
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45201MH2006PTC163522 |
|
|
|
|
IEC No.: |
Not Applicable [As claimed by Company management, the Company does not Export and Import] |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AADCR3607E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is engaged in Construction Activity primarily Road
Construction, Civil Construction, etc. [Confirmed by Management] |
|
|
|
|
No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
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 |
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|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company incorporated in the year 2006. It
has satisfactory track record. The company undertakes civil construction
projects, especially for government bodies in Maharashtra. It has
satisfactory track record. Management of the company has failed to file financial for the year
2015 with the Government Department. Further as the Registrar of Companies the date of balance sheet (i.e.
financial filed) is shown as 31.03.2014 but documents related to same for the
financial year ending 2014 is not available from any other sources. However, as per the available financial of the year 2013, the company
possesses favorable risk profile of the company marked by strong networth
base along with comfortable debt level along with decent profit margin. The ratings also factors in established market position, and the
extensive experience of its promoters, in the civil construction industry. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. In view of aforesaid, the company can be considered for business
dealings with usual trade terms and conditions. NOTE: There has been reported some printing error in the Directors Report
2013. So the profit figure has been taken Reserve Schedule. |
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 |
CRISIL |
|
Rating |
Long term Rating = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
August 17, 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term Rating = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
August 17, 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. Surani |
|
Designation : |
Finance Department |
|
Contact No.: |
91-22-26120223 |
|
Date : |
14.12.2015 |
LOCATIONS
|
Registered Office : |
C-113, 1st Floor, Shyam Kamal, Agarwal Market, Vile Parle (East),
Mumbai – 400057, Maharashtra, India |
|
Tel. No.: |
91-22-26183644/ 26122763 |
|
Mobile No.: |
91-9820049005 (Mr. Nitin Rajmal Shah) |
|
Fax No.: |
91-22-26184832 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Nitin Rajmal Shah |
|
Designation : |
Director |
|
Address : |
Flat No. 301, Chandramani Hanuman Road, Vile Parle (East), Mumbai – 400057,
Maharashtra, India |
|
Date of Birth/Age : |
20.11.1971 |
|
Date of Appointment : |
31.07.2012 |
|
PAN No.: |
AADPS5476M |
|
DIN No.: |
01265999 |
|
|
|
|
Name : |
Mr. Ketan Rajmal Shah |
|
Designation : |
Director |
|
Address : |
Flat No. 401, Chandramani Hanuman Road, Vile Parle (East), Mumbai –
400057, Maharashtra, India |
|
Date of Birth/Age : |
29.09.1975 |
|
Date of Appointment : |
18.01.2012 |
|
PAN No.: |
AADPS5477L |
|
DIN No.: |
01968875 |
KEY EXECUTIVES
|
Name : |
Mr. Surani |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Equity Shareholders |
|
No. of Shares |
|
Rajmal Shah [Deceased] |
|
900000 |
|
Ketan Shah |
|
100000 |
|
|
|
|
|
Total |
|
1000000 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Rajmal Shah [Deceased] |
|
270000 |
|
Ketan Shah |
|
29992 |
|
Rameshbhai Shah |
|
1 |
|
Abhishek Jain |
|
1 |
|
Kantilal Shah |
|
1 |
|
Ramilaben K. Shah |
|
1 |
|
Sanjay Shah |
|
1 |
|
Rakesh Mulchand |
|
1 |
|
Naveen Sharma |
|
1 |
|
Yogendraraj Singhvi |
|
1 |
|
|
|
|
|
Total |
|
300000 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Construction Activity primarily Road
Construction, Civil Construction, etc. [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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Imports : |
-- |
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Terms : |
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Selling : |
Cash and Credit [30 Days, 60 Days and 90 Days] |
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Purchasing : |
Cash and Credit [30 Days, 60 Days and 90 Days] |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users and Other (Builders)
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No. of Employees : |
70 (Approximately) |
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Bankers : |
· Kotak Mahindra Bank Limited 36-38A, Nariman Bhavan, 227, D, Nariman Point, Mumbai - 400021, Maharashtra, India · HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel [West], Mumbai - 400013, Maharashtra, India |
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V.C. Shah and Company Chartered Accountants |
|
Address : |
22, Rajgir Chambers, III Floor, 12-14 Shahid Bhagat Singh Road, Opposite Old Custom House, Mumbai – 400023, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFV8088N |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Joint venture : |
· Ajaydeep-RPS · Ashwini-RPS (Consortium) · Michigan-RPS · P B A Infrastructure Limited · Priti Construction · RPS-Chirag-NT · RPS- ME-NT · RPS- Prakash · RPS- Priti · J. Kumar-RPS(JV) |
|
|
|
|
Associates : |
· Saket Infraprojects Limited [U45201MH2006PLC163441] · Speco Infrastructure · Shah & Parikh · M. E. Infra Projects Private Lmited [U70200MH2008PTC179987] |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.000 Million |
|
300,000 |
Preference Shares |
Rs. 100/- each |
Rs. 30.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 50.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,080,000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.800
Million |
|
300,000 |
Preference Shares |
Rs. 100/- each |
Rs. 30.000 Million
|
|
|
|
|
|
|
|
Total |
|
Rs. 40.800 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000
Million |
|
300,000 |
Preference Shares |
Rs. 100/- each |
Rs. 30.000
Million |
|
|
|
|
|
|
|
Total |
|
Rs. 40.000 Million |
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.000 Million |
|
300,000 |
Preference Shares |
Rs. 100/- each |
Rs. 30.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 50.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,080,000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.800
Million |
|
300,000 |
Preference Shares |
Rs. 100/- each |
Rs. 30.000
Million |
|
|
|
|
|
|
|
Total |
|
Rs. 40.800 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000
Million |
|
300,000 |
Preference Shares |
Rs. 100/- each |
Rs. 30.000
Million |
|
|
Add: Forfeited Shares |
|
Rs. 0.400
Million |
|
|
|
|
|
|
|
Total |
|
Rs. 40.400 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
40.400 |
40.400 |
40.400 |
|
(b) Reserves & Surplus |
783.189 |
657.687 |
523.470 |
|
(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) |
823.589 |
698.087 |
563.870 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
16.436 |
2.156 |
7.782 |
|
(b) Deferred tax liabilities (Net) |
1.327 |
0.979 |
0.958 |
|
(c)
Other long term liabilities |
475.065 |
347.946 |
200.336 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
492.828 |
351.081 |
209.076 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
199.176 |
204.946 |
321.072 |
|
(b)
Trade payables |
583.557 |
480.710 |
491.119 |
|
(c)
Other current liabilities |
63.645 |
28.688 |
20.132 |
|
(d)
Short-term provisions |
1.610 |
11.199 |
2.414 |
|
Total
Current Liabilities (4) |
847.988 |
725.543 |
834.737 |
|
|
|
|
|
|
TOTAL |
2164.405 |
1774.711 |
1607.683 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
78.078 |
58.800 |
69.555 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
31.395 |
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 |
733.947 |
579.978 |
315.231 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
843.420 |
638.778 |
384.786 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
65.850 |
49.093 |
95.617 |
|
(b)
Inventories |
84.709 |
81.840 |
125.400 |
|
(c)
Trade receivables |
482.640 |
460.989 |
699.393 |
|
(d)
Cash and cash equivalents |
291.914 |
207.642 |
132.471 |
|
(e)
Short-term loans and advances |
103.335 |
268.593 |
101.729 |
|
(f)
Other current assets |
292.537 |
67.776 |
68.287 |
|
Total
Current Assets |
1320.985 |
1135.933 |
1222.897 |
|
|
|
|
|
|
TOTAL |
2164.405 |
1774.711 |
1607.683 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
1455.589 |
1034.296 |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(Including
Depreciation Expenses) |
209.279 |
201.892 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
9.994 |
10.630 |
|
|
|
|
|
|
|
|
|
Less |
PRIOR PERIOD ITEM |
|
0.013 |
(0.017) |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
199.272 |
191.279 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
65.055 |
73.182 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
125.502 |
134.217 |
118.097 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
96.54 |
103.24 |
90.84 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
10.585 |
5.625 |
10.455 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
221.002 |
334.935 |
252.767 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
8.62 |
12.98 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
11.23 |
11.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.29 |
0.34 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.27 |
0.30 |
0.60 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.56 |
1.57 |
1.47 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
40.400 |
40.400 |
40.400 |
|
Reserves & Surplus |
523.470 |
657.687 |
783.189 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
563.870 |
698.087 |
823.589 |
|
|
|
|
|
|
Long-term borrowings |
7.782 |
2.156 |
16.436 |
|
Short term borrowings |
321.072 |
204.946 |
199.176 |
|
CURRENT MATURITIES OF LONG-TERM DEBTS |
10.455 |
5.625 |
10.585 |
|
Total
borrowings |
339.309 |
212.727 |
226.197 |
|
Debt/Equity ratio |
0.602 |
0.305 |
0.275 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1034.296 |
1455.589 |
|
|
|
40.732 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1034.296 |
1455.589 |
|
Profit |
134.217 |
125.502 |
|
|
12.98% |
8.62% |
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 |
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 |
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 |
No |
|
26 |
Turnover of firm for last two 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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10566868 |
10/02/2015 |
10,918,750.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C51426997 |
|
2 |
10565812 |
16/12/2014 |
8,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C50593698 |
|
3 |
10530763 |
25/10/2014 |
11,350,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C33302829 |
|
4 |
10532584 |
13/10/2014 |
81,645,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI
BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C34457705 |
|
5 |
10469499 |
13/11/2013 |
20,556,945.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B93254902 |
|
6 |
10407083 |
07/02/2013 |
1,817,284.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B69210615 |
|
7 |
10407085 |
31/01/2013 |
15,469,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI
BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B69208924 |
|
8 |
10393888 |
06/12/2012 |
6,784,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B64840218 |
|
9 |
10298621 |
01/08/2011 |
9,075,000.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN
BHAVAN, 227, D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B17384371 |
|
10 |
10232386 |
25/06/2010 |
4,422,000.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN
BHAVAN, 227, D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
A90740309 |
* Date of charge modification
OPERATIONS:
During the year, the Company’s Core activity of Construction, Waterproofing, Glazing and Repairs turnover has increased from Rs. 1034.296 Million to Rs. 1455.589 Million, growth in sales is of 10% over previous year due to the upswing in the industry. The Company is optimistic to achieve a very good turnover during the year 2012-13 with its present order book position.
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. 67.04 |
|
|
1 |
Rs. 101.67 |
|
Euro |
1 |
Rs. 73.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.