MIRA INFORM REPORT
|
Report No. : |
356449 |
|
Report Date : |
23.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
PRISM TEXTILE MACHINERY PRIVATE LIMITED (w.e.f. 17.04.2010) |
|
|
|
|
Formerly Known
As : |
VENUS TECHNO VISION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
6, Rajratna Society, Jantanagar Road, Ghatlodia, Ahmedabad – 380061,
Gujarat |
|
Tel. No.: |
91-79-25841621 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
07.09.2007 |
|
|
|
|
Com. Reg. No.: |
04-051684 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.300 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900GJ2007PTC051684 |
|
|
|
|
IEC No.: |
0810020416 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMP07720G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCV6051F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Precision Textile Machineries. (Confirmed by management) |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated during the year 2007
and having moderate track. It is engaged in the business as a manufacturer, exporter and importer of precision textile machineries. Management of the company has not filed its financial with
the government department for the year 2015. As per available financial of 2014, the company has company’s moderate
balance sheet statement marked by small networth base, low trade payable and
receivable and low cash and cash equivalent of the company. Trade relations are reported as fair. Business is active. Payment
terms are reported as slow but correct. The company can be considered for business dealings with some caution.
|
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. Narendrakumar Vashrambhai Vansjalia |
|
Designation : |
Director |
|
Contact No.: |
91-9825190401 |
|
Date : |
21.12.2015 |
LOCATIONS
|
Registered Office : |
6, Rajratna Society, Jantanagar Road, Ghatlodia, Ahmedabad – 380061, Gujarat, India |
|
Tel. No.: |
91-79-27660866 |
|
Mobile No.: |
91-9825190401 (Mr. Narendrakumar Vashrambhai Vansjalia) |
|
Fax No.: |
Not Available |
|
E-Mail : |
sales@prismtextilemachinery.com care@prismtextilemachinery.com |
|
Website : |
|
|
Area : |
3000 Sq.ft. |
|
Location : |
Owned |
|
Locality : |
Residential |
|
|
|
|
Administrative Office /
Factory 1 : |
Plot No.: C1B-4614, Phase-IV, Behind Indo German Tool Room, G.I.D.C. Vatva, Ahmedabad - 382445, Gujarat, India |
|
Tel. No.: |
91-79-25841621 |
|
Fax No.: |
91-79-40083329 |
|
Area : |
7200 Sq.ft. |
|
Location : |
Rented |
|
|
|
|
Factory 2 : |
Plot No.: 4801, Phase-IV, Behind Indo German Tool Room, G.I.D.C. Vatva, Ahmedabad - 382445, Gujarat, India |
|
Area : |
10000 Sq.ft. |
|
Location : |
Rented |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Narendrakumar Vashrambhai Vansjalia |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
6, Rajratna Society, Jantanagar Road, Ghatlodia, Ahmedabad - 380061, Gujarat, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.04.1957 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
07.09.2007 |
|||||||||||||||||||||||||||
|
DIN No.: |
01690428 |
|||||||||||||||||||||||||||
|
Other Directorship
:
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Sarasvati Narendrakumar Vansjalia |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
6, Rajratna Society, Jantanagar Road, Ghatlodia, Ahmedabad - 380061, Gujarat, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.01.1960 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
07.09.2007 |
|||||||||||||||||||||||||||
|
DIN No.: |
01690405 |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Bhogilal Laljibhai Patel |
|||||||||||||||||||||||||||
|
Designation : |
Additional director |
|||||||||||||||||||||||||||
|
Address : |
04, Alok-IV, Opposite Reliance Petrol Pump, Sardar Patel Ring Road, Vastral, Ahmedabad - 382418, Gujarat, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.04.1965 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
02.06.2010 |
|||||||||||||||||||||||||||
|
DIN No.: |
03062866 |
|||||||||||||||||||||||||||
|
Other Directorship
:
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Chimanlal Manilal Patidar |
|||||||||||||||||||||||||||
|
Designation : |
Additional director |
|||||||||||||||||||||||||||
|
Address : |
Shankarpura Kampa, Bhiloda, Bhiloda - 383245, Gujarat, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.07.1963 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
02.06.2010 |
|||||||||||||||||||||||||||
|
DIN No.: |
03062992 |
|||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Sarasvati Narendrakumar Vansjalia |
5000 |
16.67 |
|
Narendrakumar Vashrambhai Vansjalia |
5000 |
16.67 |
|
Bhogibhai Laljibhai Patel |
10000 |
33.33 |
|
Chimanlal Manilal Patidar |
10000 |
33.33 |
|
Total |
30000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Precision Textile Machineries. (Confirmed by management) |
|
|
|
|
Products : |
Precision Textile Machineries |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Spare parts |
|
Countries : |
Japan |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, L/C and Credit |
|
|
|
|
Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers and Manufacturer
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
50 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
The Cosmos Co-Operative Bank Limited, Maninagar Branch,
Cosmos Bank Centre, Near Telephone, Exchange, Bhairavnath Road, Maninagar, |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
R. N. Patel and Company Chartered Accountants |
|
Address : |
C-20. 2nd Floor, Galaxy Avenue, National Highway No.8, Naroda,
Ahmedabad – 382330, Gujarat, India |
|
Tel. No.: |
91-79-22813333, 22818409 |
|
PAN No. : |
AAMPP2317D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250,000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30,000 |
Equity Shares |
Rs.10/- each |
Rs.0.300 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.300 |
0.100 |
0.100 |
|
(b) Reserves &
Surplus |
3.986 |
1.151 |
0.359 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
1.100 |
1.100 |
|
Total Shareholders’ Funds
(1) + (2) |
4.286 |
2.351 |
1.559 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.011 |
0.006 |
0.007 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.011 |
0.006 |
0.007 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1.806 |
1.123 |
4.197 |
|
(b) Trade payables |
15.469 |
11.352 |
14.240 |
|
(c) Other current
liabilities |
15.242 |
29.363 |
2.314 |
|
(d) Short-term provisions |
1.409 |
0.535 |
0.000 |
|
Total Current Liabilities
(4) |
33.926 |
42.373 |
20.751 |
|
|
|
|
|
|
TOTAL |
38.223 |
44.730 |
22.317 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.390 |
0.260 |
0.247 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.530 |
1.685 |
0.820 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1.920 |
1.945 |
1.067 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
8.997 |
31.824 |
8.359 |
|
(c) Trade receivables |
15.764 |
1.753 |
6.691 |
|
(d) Cash and cash
equivalents |
0.171 |
0.240 |
0.138 |
|
(e) Short-term loans and
advances |
11.371 |
8.968 |
6.062 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
36.303 |
42.785 |
21.250 |
|
|
|
|
|
|
TOTAL |
38.223 |
44.730 |
22.317 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
112.883 |
49.845 |
34.616 |
|
|
Other Income |
0.001 |
0.100 |
0.015 |
|
|
TOTAL |
112.884 |
49.945 |
34.631 |
|
|
|
|
|
|
|
Less |
EXPENSES |
108.328 |
48.497 |
33.913 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
4.556 |
1.448 |
0.718 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.216 |
0.189 |
0.369 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
4.340 |
1.259 |
0.349 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.078 |
0.068 |
0.048 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
4.262 |
1.191 |
0.301 |
|
|
|
|
|
|
|
Less |
TAX |
1.428 |
0.399 |
0.101 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
2.834 |
0.792 |
0.200 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
1.151 |
0.359 |
0.159 |
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE
B/S |
3.985 |
1.151 |
0.359 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.000 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
2.530 |
1.241 |
0.321 |
|
|
TOTAL IMPORTS |
2.530 |
1.241 |
0.321 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
94.47 |
79.22 |
20.03 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
160.000 |
Expected sales (2015-2016) : 250.000 Million
The above information has been parted by Mr. Narendrakumar Vashrambhai
Vansjalia.
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.51 |
1.59 |
0.58 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
4.04 |
2.91 |
2.07 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.15 |
2.66 |
1.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.99 |
0.51 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.42 |
0.48 |
2.69 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.07 |
1.01 |
1.02 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
0.100 |
0.100 |
0.300 |
|
Reserves & Surplus |
0.359 |
1.151 |
3.986 |
|
Share Application money
pending allotment |
1.100 |
1.100 |
0.000 |
|
Net worth |
1.559 |
2.351 |
4.286 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
4.197 |
1.123 |
1.806 |
|
Total borrowings |
4.197 |
1.123 |
1.806 |
|
Debt/Equity ratio |
2.692 |
0.478 |
0.421 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
34.616 |
49.845 |
112.883 |
|
|
|
43.994 |
126.468 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
34.616 |
49.845 |
112.883 |
|
Profit |
0.200 |
0.792 |
2.834 |
|
|
0.58% |
1.59% |
2.51% |
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 |
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 |
No |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
No |
|
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
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Loans from related parties |
0.000 |
0.247 |
|
|
|
|
|
Total |
0.000 |
0.247 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS
|
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10593224 |
31/01/2015 |
800,000.00 |
THE COSMOS CO-OPERATIVE BANK LIMITED |
MANINAGAR BRANCH, COSMOS BANK CENTRE, NR.TELEPHONE, EXCHANGE, BHAIRAVNATH ROAD, MANINAGAR, AHMEDABAD - 380008, GUJARAT, INDIA |
C65303075 |
|
2 |
10342032 |
13/06/2011 |
4,000,000.00 |
BANK OF BARODA |
VATVA INDUSTRIAL ESTATE BRANCH, 77/3, G.I.D.C, VATVA INDUSTRIAL ESTATE, VATVA, AHMEDABAD - 382445, GUJARAT, INDIA |
B20701322 |
|
3 |
10342191 |
09/06/2011 |
4,000,000.00 |
BANK OF BARODA |
VATVA INDUSTRIAL ESTATE BRANCH, 77/3, G.I.D.C, VATVA INDUSTRIAL ESTATE, VATVA, AHMEDABAD - 382445, GUJARAT, INDIA |
B20700878 |
OPERATIONS
The
Revenue from operations during the year is Rs.112.883 Million (Previous year
Rs. 49.845 Million). Company has earned net Profit (Loss) of Rs.2.834 Million
(Previous year profit (-Loss) of Rs.0.792 Million) after tax.
FIXED ASSETS
- Plant and Machinery
- Computer
- Telephone Equipments
- 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 records 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.66.29 |
|
|
1 |
Rs.98.71 |
|
Euro |
1 |
Rs.72.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
32 |
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.