MIRA INFORM REPORT
|
Report No. : |
354341 |
|
Report Date : |
21.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
ACCURATE GAUGING AND INSTRUMENTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 67, P. O. Box No. 1202, 1st Floor, Gauge House, Hadapsar Industrial Estate, Hadapsar, Pune – 411013, Maharashtra |
|
Tel. No.: |
91-20-66039000 /
66039204 / 26870158 / 159 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
15.01.1987 |
|
|
|
|
Com. Reg. No.: |
11-042232 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 5.625 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U33125MH1987PTC042232 |
|
|
|
|
IEC No.: |
0388093471 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA5153C AABCA5154F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacture, Importer and Exporter of Electronic Measuring Instruments.
(Confirmed by management) |
|
|
|
|
No. of Employees
: |
130 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behavior7 : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1987, based in Pune (Maharashtra)
and is promoted by Mr. Vikram V Salunke. It is an established company having
satisfactory track record. Rating is Accurate Gauging and Instruments Private Limited reflect its
satisfactory financial risk profile, marked by a decent capital structure,
and comfortable debt protection metrics. The ratings also factor in company’s established customer profile and
the extensive experience of its promoters in the quality measuring
instruments industry. This rating strength is partially offset by the company’s working
capital-intensive operations, and exposure to risks related to fluctuations
in foreign exchange rates. However, trade relations are reported as fair. Business is active.
Payment are reported to be slow but correct. The company can be considered normal 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 |
CRISIL |
|
Rating |
Long Term Bank Facilities (BB) |
|
Rating Explanation |
Inadequate credit quality and high credit risk. |
|
Date |
May 2015 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Bank Facilities (A4+) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
May 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. Mhaske |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-20-66039000 |
|
Date : |
12.12.2015 |
LOCATIONS
|
Registered Office/ Factory 1: |
Plot No. 67, P. O. Box No. 1202, 1st Floor, Gauge House, Hadapsar Industrial Estate, Hadapsar, Pune – 411013, Maharashtra, India |
|
Tel. No.: |
91-20-66039000 /
66039204 / 26870158 / 159/ 66039000 |
|
Fax No.: |
20-26870858 / 66039277/ 26814234 |
|
E-Mail : |
|
|
Web Site : |
|
|
Location : |
Owned |
|
|
|
|
Factory 2: |
At Post Khalad, Taluka – Ourandhar, Saswad Jejuri Road, District Pune – 412301, Maharashtra, India |
|
|
|
|
Sales Network : |
Located at v NORTH · Delhi · Faridabad · Uttarakhand · Chandigarh · Gurgaon v SOUTH · Ambattur · Guindy · Sriperumbudur · Coimbatore · Peenya · Hosur · Hyderabad v EAST · Jamshedpur · Kolkatta v WEST · Pune · PCMC · Chakan · Ranjangaon · Mumbai · Indore · Aurangabad · Kolhapur ·
Nashik |
DIRECTORS
As on: 31.03.2015
|
Name : |
Mr. Vikram Vilasrao Salunke |
|
Designation : |
Director |
|
Address : |
PL14/16 Clover Pinnacle Ridge, Nibm Corianth Road, Kondhawa, Pune
-411048, Maharashtra, India |
|
Date of Birth/Age : |
24.04.1970 |
|
Date of Appointment : |
15.01.1987 |
|
DIN No.: |
00479352 |
|
|
|
|
Name : |
Mr. Prakash Bhalchandra Sumant |
|
Designation : |
Director |
|
Address : |
S. No. 27 A, PL No. 10, Manmohan Socy, Pune – 4110029, Maharashtra,
India |
|
Date of Birth/Age : |
02.07.1946 |
|
Date of Appointment : |
30.08.1992 |
|
DIN No.: |
01798435 |
|
|
|
|
Name : |
Mr. Sambhaji Marutrao Divekar |
|
Designation : |
Additional Director |
|
Address : |
Iris R-701, Magarpatta City, Hadapsar, Pune, 411028, Maharashtra, India |
|
Date of Birth/Age : |
21.10.1969 |
|
Date of Appointment : |
14.05.2013 |
|
DIN No.: |
06625071 |
KEY EXECUTIVES
|
Name : |
Mr. Mhaske |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2015
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
|
39364 |
|
|
3750 |
|
|
2812 |
|
|
2812 |
|
|
2812 |
|
|
675 |
|
|
225 |
|
|
3750 |
|
|
50 |
|
Total |
|
56250 |
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
99.00 |
|
Other
top fifty shareholders |
|
1.00 |
|
Total |
|
100.00 |
SSSSS
BUSINESS DETAILS
|
Line of Business : |
Manufacture, Importer and Exporter of Electronic Measuring
Instruments. (Confirmed by management) |
|
|
|
|
Products : |
--- |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
· UK · USA · Australia · Singapore · Malaysia · Germany · Italy |
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
· Germany · UK |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, L/C and Credit (30/ 60 Days) |
|
|
|
|
Purchasing : |
Cash, L/C and Credit (30/ 60 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers and End Users
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No. of Employees : |
130 (Approximately) |
|||||||||||||||||||||||||||
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Bankers : |
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|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
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Facilities : |
|
|
Financial Institution : |
The Hongkong And Shanghai Banking Corporation Limited 52/60 Mahatma Gandhi Road, Fort, Mumbai - 400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
A.A. Mehendale and Company Chartered Accountants |
|
Address : |
Flat No. 9, Ajit Society, Happy Colony, Lane No-4, Kothrud, Pune –
411029, Maharashtra, India |
|
Tel/ Fax No.: |
91-20-25460494 |
|
Income-tax
PAN of auditor or auditor's firm : |
ABRPM2822N |
|
E-Mail : |
|
|
|
|
|
Memberships : |
--- |
|
|
|
|
Collaborators : |
--- |
|
|
|
|
Associates/Subsidiaries : |
Accurate Sales and Services Private Limited Accurate Engineering Company Private Limited Aditya Engineering Company (Partnership Firm) |
CAPITAL STRUCTURE
As on: 30.09.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs. 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
56250 |
Equity Shares |
Rs.100/- each |
Rs. 5.625 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 |
5.625 |
5.625 |
5.625 |
|
(b) Reserves & Surplus |
45.055 |
45.056 |
44.469 |
|
(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) |
50.680 |
50.681 |
50.094 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
11.711 |
13.705 |
15.860 |
|
(b) Deferred tax liabilities (Net) |
1.158 |
1.133 |
1.111 |
|
(c) Other long term
liabilities |
22.550 |
16.025 |
13.225 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
35.419 |
30.863 |
30.196 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
25.180 |
13.047 |
18.463 |
|
(b) Trade
payables |
65.622 |
67.727 |
61.535 |
|
(c) Other
current liabilities |
32.088 |
25.514 |
23.958 |
|
(d) Short-term
provisions |
7.301 |
6.748 |
8.051 |
|
Total Current
Liabilities (4) |
130.191 |
113.036 |
112.007 |
|
|
|
|
|
|
TOTAL |
216.290 |
194.580 |
192.297 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
60.975 |
60.310 |
65.114 |
|
(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 |
0.002 |
0.002 |
0.002 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.065 |
0.160 |
3.109 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
61.042 |
60.472 |
68.225 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
36.517 |
31.151 |
30.564 |
|
(c) Trade
receivables |
96.797 |
83.705 |
69.715 |
|
(d) Cash
and cash equivalents |
5.951 |
5.454 |
9.116 |
|
(e) Short-term
loans and advances |
15.388 |
13.046 |
14.189 |
|
(f) Other
current assets |
0.595 |
0.752 |
0.488 |
|
Total
Current Assets |
155.248 |
134.108 |
124.072 |
|
|
|
|
|
|
TOTAL |
216.290 |
194.580 |
192.297 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
241.934 |
253.767 |
232.916 |
|
|
|
Other Income |
8.629 |
1.832 |
1.808 |
|
|
|
TOTAL (A) |
250.563 |
255.599 |
234.724 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
138.740 |
139.643 |
146.109 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(5.086) |
(0.192) |
(11.711) |
|
|
|
Employees benefits expense |
41.354 |
36.657 |
32.384 |
|
|
|
Other expenses |
62.474 |
64.818 |
56.106 |
|
|
|
TOTAL (B) |
237.482 |
240.926 |
222.888 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
13.081 |
14.673 |
11.836 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.017 |
5.677 |
3.909 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND
AMORTISATION (C-D) (E) |
7.064 |
8.996 |
7.927 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
7.040 |
7.475 |
6.664 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
0.024 |
1.521 |
1.263 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.025 |
0.421 |
0.358 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
(0.001) |
1.100 |
0.905 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4.443 |
4.257 |
4.784 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.400 |
0.500 |
|
|
|
Proposed dividend |
0.000 |
0.564 |
0.000 |
|
|
|
other adjustment |
0.000 |
(0.141) |
0.932 |
|
|
|
Tax on proposed dividend |
0.000 |
0.091 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
4.442 |
4.443 |
4.257 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
20.033 |
19.108 |
9.202 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Stores & Spares |
71.542 |
80.006 |
74.527 |
|
|
TOTAL IMPORTS |
71.542 |
80.006 |
74.527 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(0.02) |
19.56 |
16.09 |
|
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 flows from operating activities |
3.680 |
(1.637) |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(0.00) |
0.43 |
0.39 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
5.41 |
5.78 |
5.08 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.01 |
0.78 |
0.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.03 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.73 |
0.53 |
0.69 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.19 |
1.19 |
1.11 |
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 |
5.625 |
5.625 |
5.625 |
|
Reserves & Surplus |
44.469 |
45.056 |
45.055 |
|
Net worth |
50.094 |
50.681 |
50.680 |
|
|
|
|
|
|
long-term borrowings |
15.860 |
13.705 |
11.711 |
|
Short term borrowings |
18.463 |
13.047 |
25.180 |
|
Total borrowings |
34.323 |
26.752 |
36.891 |
|
Debt/Equity ratio |
0.685 |
0.528 |
0.728 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
232.916 |
253.767 |
241.934 |
|
|
|
8.952 |
(4.663) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
232.916 |
253.767 |
241.934 |
|
Profit (Loss) |
0.905 |
1.100 |
(0.001) |
|
|
0.39% |
0.43% |
0.00% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
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 |
REVIEW OF OPERATION:
Total Income of Rs: 250.563 Million consist of sale of 82 Nos. of Three Co-Ordinate Measuring Machines along
with Accessories, Software Fixtures, Export, Installation, Training and Servicing charges etc., as against of Rs:
255.598 Million of earlier year, showing an decrease of 1.97%.
INDEX OF CAHREGS:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10442905 |
22/07/2013 |
10,000,000.00 |
BANK OF MAHARASHTRA |
H.O LOKMANGAL, 1501,SHIVAJINAGAR, PUN- 411005E, Maharashtra, INDIA |
B82050345 |
|
2 |
10383495 |
31/10/2012 * |
10,000,000.00 |
The Hongkong and Shanghai Banking Corporation Limited |
52/60 MAHATMA GANDHI ROAD, FORT, MUMBAI - 400001, Maharashtra, INDIA |
B62715602 |
|
3 |
10078857 |
12/12/2007 |
356,000.00 |
BANK OF MAHARASHTRA |
HADAPSAR INDUSTRIAL ESTATE, JANMAGAL HADAPSAR IND |
A28688224 |
|
4 |
80041088 |
18/03/2013 * |
67,000,000.00 |
BANK OH MAHARASHTRA |
HADAPSAR INDUSTRIAL ESTATE, JANMAGAL HADAPSAR IND |
B74457383 |
|
5 |
90088576 |
16/01/2003 |
5,000,000.00 |
BANK OF MAHARASHTRA |
HADAPSAR INDUSTRIAL ESTATE, JANMAGAL HADAPSAR IND |
- |
|
6 |
90088064 |
30/04/2002 * |
1,500,000.00 |
BANK OF MAHARASHTRA |
HADAPSAR INDUSTRIAL ESTATE, JANMAGAL HADAPSAR IND |
- |
* Date
of charge modification
FIXED ASSETS:
· Plant and Machinery
· Instruments
· Mobile Instruments
· Computer Configuration
· Vehicle
· Air Conditioning
· Electrical Installation
· Pattern, Tools and Dies
· Office Equipment
· Furniture and Fixture
·
Air Conditioning System
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.66.42 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.72.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KNL |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
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 |
|
45 |
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.