MIRA INFORM REPORT
|
Report No. : |
355623 |
|
Report Date : |
19.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
RATAN PROJECTS AND ENGINEERING COMPANY PRIVATE LIMITED [w.e.f.
05.01.2009] |
|
|
|
|
Formerly Known
As : |
RATAN ENGINEERING COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
26, Prasanna Kumar Tagore Street, Main Building Backside,
Kolkata-700006, West Bengal |
|
Tel. No.: |
91-33-25307676 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
09.01.2008 |
|
|
|
|
Com. Reg. No.: |
21-121557 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.7.495 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74210WB2008PTC121557 |
|
|
|
|
IEC No.: |
0293020396 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALR07321G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCR8426M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Cable Trays, Cable Lugs, Cable
Glands and Structure for Power Plant. (Confirmed by Management) |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Ratan Projects and Engineering Company Private Limited is the flagship company of the "Ratan's Group" of companies incorporated in the year 2008 and it is engaged in manufacturing and exporting of cable trays, cable lugs etc. The rating takes consideration on company's satisfactory financial profile along with comfortable debt and strong liquidity position. The rating also takes consideration on company healthy operational activity backed by decent profitability margin. The rating further derives strength on company experienced promoter and decent track record of its operations. However, the rating strength is partially offsets by the volatility in raw material prices and foreign exchange rates and marginal dip into its total revenue and profit during FY-15. Trade relations are fair. Business is active. Payment terms are reported as usually correct. 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.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
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 PARTED BY
|
Name : |
Mr. D Nayak |
|
Designation : |
Accountant |
|
Contact No.: |
91-33-25307676 |
|
Date : |
17.12.2015 |
LOCATIONS
|
Registered Office : |
26, Prasanna Kumar Tagore Street, Main Building Backside,
Kolkata-700006, West Bengal, India |
|
Tel. No.: |
91-33-25332533/6199/6234/25307676 |
|
Fax No.: |
91-33-25307676/ 25553928 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2000 Sq. Ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory 1: |
26, P.K. Tagore Street, Kolkata - 700006, West Bengal, India |
|
Area : |
2000 Sq. Ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory 2: |
|
|
Area : |
75495 Sq. Ft. |
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Factory 3: |
|
|
Area : |
103418 Sq. Ft. |
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Factory 4: |
Y Road, Belgachia, Howrah - 711108, West Bengal, India |
|
Area : |
22490 Sq. Ft. |
|
Location : |
Owned |
|
Locality : |
Industrial |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Gordhan Das Singhee |
|
Designation : |
Director |
|
Address : |
26, 2nd Floor Main Building, Prasanna Kr. Tagore Street, Kolkata
- 700006, West Bengal, India |
|
Date of Birth/Age : |
28.08.1959 |
|
Date of Appointment : |
09.01.2008 |
|
Din No.: |
01437864 |
|
|
|
|
Name : |
Mrs. Sushma Singhee |
|
Designation : |
Director |
|
Address : |
6, Chaple Road, Kolkata-700022, West Bengal, India |
|
Date of Birth/Age : |
07.02.1957 |
|
Date of Appointment : |
09.01.2008 |
|
Din No.: |
01656239 |
|
|
|
|
Name : |
Ms. Meeta Singhee |
|
Designation : |
Director |
|
Address : |
6, Chappel Road, 1st Floor, Flat 2D, Kolkata - 700022,
West Bengal, India |
|
Date of Birth/Age : |
26.10.1978 |
|
Date of Appointment : |
01.07.2009 |
|
Din No.: |
02683490 |
KEY EXECUTIVES
|
Name : |
Mr. D Nayak |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING
AS ON 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Ratan Lal Singhee |
|
10000 |
|
Anandi Singhee |
|
5000 |
|
Shanti Singhee |
|
5000 |
|
Sushma Singhee |
|
10000 |
|
Meeta Singhee |
|
5000 |
|
Vivek Kumar Soni |
|
5000 |
|
Gordhan Singhee |
|
50000 |
|
Gagan Suppliers Private Limited, India |
|
331000 |
|
DMP Projects Private Limited, India |
|
206500 |
|
Tamra Dhatu Udyog Private Limited |
|
62500 |
|
Total |
|
690000 |
AS ON 31.03.2012
|
Names of Allottees |
|
No. of Shares |
|
Starshine Suppliers Private Limited, India |
|
2500 |
|
Perfection Merchants Private Limited, India |
|
2500 |
|
Jibanjyoti Vanijya Private Limited, India |
|
7000 |
|
Vaishodevi Stockist Private Limited, India |
|
3000 |
|
Divyaprakash Suppliers Private Limited, India |
|
3000 |
|
RExnos Tremix Private Limited, India |
|
5000 |
|
Premier Infraproperties Private Limited, India |
|
6000 |
|
Decent Stockist Private Limited, India |
|
4000 |
|
Ultraplus Relaity Private Limited, India |
|
7500 |
|
Mangalmurti Nirmal Private Limited, India |
|
3000 |
|
Nextgen Tradecom (Private) Limited, India |
|
5000 |
|
Rajlaxmi Dealcom (Private) Limited, India |
|
2500 |
|
Muralidhar Infra roperties Private Limited, India |
|
4500 |
|
Vijaypath Retail Private Limited, India |
|
4000 |
|
Total |
|
59500 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
88.00 |
|
Directors or relatives of Directors |
12.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Cable Trays, Cable Lugs, Cable
Glands and Structure for Power Plant. (Confirmed by Management) |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash, L/C, Cheque and Credit (30/ 60 Days) |
|
|
|
|
Purchasing : |
Cash, L/C, Cheque and Credit (30/ 60 Days) |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Customers : |
Retailers, End Users and OEM’s
|
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
No. of Employees : |
150 (Approximately) |
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Karnani and Associates Chartered Accountants |
|
Address : |
125, N.S. Road, Kolkata - 700001, West Bengal, India |
|
Tel. No.: |
91-33-22685668/22700158 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AGFPK0201Q |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
DMP Projects Private Limited, India |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital: Rs. 70.500 Million
Issued, Subscribed & Paid-up Capital: Rs. 7.495
Million
AS ON 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6700000 |
Equity Shares |
Rs.10/- each |
Rs. 67.000 Million |
|
350000 |
Preference Shares |
Rs.10/- each |
Rs. 3.500 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 70.500
Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
749500 |
Equity Shares |
Rs.10/- each |
Rs. 7.495 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 |
7.495 |
7.495 |
7.495 |
|
(b) Reserves & Surplus |
175.255 |
162.094 |
146.289 |
|
(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) |
182.750 |
169.589 |
153.784 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
76.691 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
3.891 |
0.266 |
0.172 |
|
(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) |
80.582 |
0.266 |
0.172 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
266.793 |
223.555 |
140.033 |
|
(b) Trade payables |
146.007 |
137.163 |
114.205 |
|
(c) Other current liabilities |
44.947 |
30.922 |
46.542 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
457.747 |
391.640 |
300.780 |
|
|
|
|
|
|
TOTAL |
721.079 |
561.495 |
454.736 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
128.430 |
39.195 |
29.317 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
19.969 |
13.355 |
5.419 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
7.373 |
7.373 |
7.373 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.162 |
0.919 |
0.490 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
156.934 |
60.842 |
42.599 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
52.627 |
53.504 |
8.839 |
|
(c) Trade receivables |
356.831 |
313.079 |
340.367 |
|
(d) Cash and cash equivalents |
86.247 |
70.798 |
37.122 |
|
(e) Short-term loans and
advances |
67.345 |
62.394 |
25.809 |
|
(f) Other current assets |
1.095 |
0.878 |
0.000 |
|
Total
Current Assets |
564.145 |
500.653 |
412.137 |
|
|
|
|
|
|
TOTAL |
721.079 |
561.495 |
454.736 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
805.120 |
829.158 |
|
|
|
Other Income |
10.119 |
6.162 |
|
|
|
TOTAL SALES |
815.239 |
835.320 |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
622.015 |
682.728 |
|
|
|
Purchases of
Stock-in-Trade |
18.705 |
27.062 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.772 |
(46.255) |
|
|
|
Employees benefits
expense |
10.313 |
7.014 |
|
|
|
Other expenses |
105.891 |
120.742 |
|
|
|
TOTAL EXPENSES |
757.696 |
791.291 |
NA |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
57.543 |
44.029 |
NA |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
30.178 |
17.518 |
NA |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
27.365 |
26.511 |
23.078 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
7.014 |
2.639 |
2.191 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
20.351 |
23.872 |
20.887 |
|
|
|
|
|
|
|
Less |
TAX |
7.152 |
8.066 |
6.777 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
13.199 |
15.806 |
14.110 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
49.156 |
33.350 |
19.240 |
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE
BALANCE SHEET |
62.355 |
49.156 |
33.350 |
|
|
|
|
|
|
|
|
EARNINGS / (LOSS) PER
SHARE (RS.) |
17.61 |
21.09 |
NA |
Expected Sales (2015-2016) : Rs.900.000 Million
The above information has been parted by Mr. D Nayak (Accountant).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash from operating activities |
NA |
(11.877) |
25.524 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
|
Net Profit Margin PAT/ Sales |
(%) |
1.64 |
1.91 |
61.14 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
7.15 |
5.31 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.93 |
4.41 |
4.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.14 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.88 |
1.32 |
0.91 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23 |
1.28 |
1.37 |
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 |
7.495 |
7.495 |
7.495 |
|
Reserves & Surplus |
146.289 |
162.094 |
175.255 |
|
Net
worth |
153.784 |
169.589 |
182.750 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
76.691 |
|
Short term borrowings |
140.033 |
223.555 |
266.793 |
|
Total
borrowings |
140.033 |
223.555 |
343.484 |
|
Debt/Equity
ratio |
0.911 |
1.318 |
1.880 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
|
31.03.2014 |
31.03.2015 |
|
|
|
Rs.
In Million |
Rs.
In Million |
|
Sales |
|
829.158 |
805.120 |
|
|
|
-- |
(2.899) |
NET PROFIT MARGIN
|
Net
Profit Margin |
|
31.03.2014 |
31.03.2015 |
|
|
|
Rs.
In Million |
Rs.
In Million |
|
Sales
|
|
829.158 |
805.120 |
|
Profit |
|
15.806 |
13.199 |
|
|
|
1.91% |
1.64% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
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 |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2015 |
As
on 31.03.2014 |
|
SHORT TERM
BORROWING |
|
|
|
Loans and advances from related parties and associates |
NA |
5.690 |
|
From others |
NA |
160.832 |
|
Total |
NA |
166.522 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10591832 |
13/08/2015 |
89,900,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMI |
31 B B D BAGH, CREDIT SERVICES, HONGKONG HOUSE, K |
C64633183 |
|
2 |
10542350 |
25/03/2015 * |
58,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMI |
HONGKONG HOUSE, CREDIT SERVICES, 31 B B D BAGH, K |
C49534092 |
|
3 |
10538074 |
27/11/2014 |
70,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMI |
HONGKONG HOUSE, CREDIT SERVICES, 31 B B D BAGH, K |
C37745841 |
|
4 |
10424478 |
25/03/2015 * |
100,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMI |
HONGKONG HOUSE, CREDIT SERVICES, 31 B B D BAGH, K |
C49533169 |
* Date of charge modification
FIXED ASSETS
- Land
- Building
- Plant and Machinery
- Generator
- Furniture and Fittings
- Electrical Equipment’s
- Air Condition Machine
- Computer
- Type Writer
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No 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. 66.65 |
|
UK Pound |
1 |
Rs. 99.61 |
|
Euro |
1 |
Rs. 72.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SYL |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.