MIRA INFORM REPORT

 

 

Report No. :

357216

Report Date :

28.12.2015

 

IDENTIFICATION DETAILS

 

Name :

STATCON ENERGIAA PRIVATE LIMITED (w.e.f. 26.12.2014)

 

 

Formerly Known As :

TRIPORT ELECTRONICS PRIVATE LIMITED

 

 

Registered Office :

Flat No.19 E, Pocket 2, Kondli Gharoli, Mayur Vihar Phase – III, Delhi – 110096, India

Mobile No.:

91-9871000429 (Mr. Kailash Gupta)

 

 

Country :

India

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

26.07.1991

 

 

Com. Reg. No.:

55-045130

 

 

Capital Investment / Paid-up Capital :

Rs.8.239 Million

 

 

CIN No.:

[Company Identification No.]

U31100DL1991PTC045130

 

 

IEC No.:

Not Applicable

(As claimed by company management that company does not export and import)

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is engaged in the business of manufacturing and trading of Power Controlling Equipment’s like Integrated Power Supply, Battery Charges, Ground Power Units and Solar Inverters also provides after sales support for the same. (Registered activity)

 

 

No. of Employees :

50 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (29)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum credit limit :

USD 30000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a subsidiary of “Statcon Power control Limited”, incorporated in the year 1991 and is managed by Mr. Pande and Mr. Saini. It has five business activities viz. integrated power solutions for India Railways, Solar, Defense and Power Industries and trading of Batteries.

 

In 2014-2015, the management of the company decided to separate and have planned that the first line of business viz. integrated power solution for India Railways will be retained in Statcon Power control Limited (SPCL) and remaining will be transfer to subject company i.e. Statcon Energiaa Private Limited (SEPL).

 

As claimed by Mr. Kailesh Gupta, Chief Finance Officer of the company that sales turnover of the company is Rs.67.1 million from 1st March 2015 to 31st March 2015.

 

The aforesaid rating derive strength from the well experienced of the promoter’s and extensive distribution network as well as established cliental group.

 

Rating is constrained by company’s high dependence on tender based business and limited track record of SEPL operations and moderate financial risk profile.

 

However, trade relations seems to be fair. Business is active. Payments terms are reported to be slow but correct.

 

In view of experienced promoter’s base, the company can be considered for business dealings with some cautions.

 

Note:-

 

The partial information has taken from outside source i.e. SMERA

 

 

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. Kailash Gupta

Designation :

Chief Finance Officer

Contact No.:

91-9871000429

Date :

20.10.2015

 

 

LOCATIONS

 

Registered Office :

Flat No.19 E, Pocket 2, Kondli Gharoli, Mayur Vihar Phase – III, Delhi – 110096, India

Tel. No.:

91-11-26163700

Mobile No.:

91-9871000429 (Mr. Kailash Gupta)

Fax No.:

Not Available

E-Mail :

info@statconenergiaa.com

spja30@aceindialegal.com

Website :

http://www.statconenergiaa.com

Area :

800 sq. mtr.

Location :

Rented

 

 

Factory :

Kasra No. 509, B – Block, Chhijarssi Kulich Nagar, Pilukwa Hapur, Uttar Pradesh, India

Tel. No.:

91-122-3058120 / 121

Location :

Rented

 

 

Corporate Office :

B – 81, Sector 63, G.B. Nagar, Noida – 201307, Uttar Pradesh, India

Tel. No.:

91-120-2427310

Fax No.:

91-120-2427311

 

 

Head Office :

701-702, R.G. Trade Tower, Netaji Subhash Place, Pitam Pura, New Delhi – 110034, India

 

 

Branch Office :

145-146, Tower B-2, Spaze I –Tech Park, Sohna Road, Sector – 49, Sohna Road, Gurgaon – 122102, Haryana, India

Tel No.:

91-124-4264510

 

 

Manufacturing Facilities :

Located at:

 

Pilkhuwa (Uttar Pradesh)

 

 

Branches :

Located at :

 

  • Noida
  • Delhi, India

 

 

DIRECTORS

 

As on 31.03.2015

 

Name :

Mr. Ajay Sharma

Designation :

Managing Director

Address :

A-112, Sector-55, Noida – 201301, Uttar Pradesh, India

Date of Birth/Age :

01.07.1954

Date of Appointment :

01.07.2002

DIN No.:

00097536

 

 

Name :

Mr. Budhi Behari Pandey

Designation :

Director

Address :

B-6-G, Delhi Police Appartment, Mayur Vihar Phase-I, New Delhi - 110091, Delhi, India

Date of Birth/Age :

06.07.1934

Qualification :

Graduate

Date of Appointment :

05.11.1996

DIN No.:

01493825

 

 

Name :

Mr. Sunita Pand

Designation :

Additional Director

Address :

B-6-G, Delhi Police Apartment, Mayur Vihar-1, Delhi - 110091, India

Qualification :

Poet – Graduate

Date of Appointment :

04.03.2015

DIN No.:

00097694

 

 

Name :

Mr. Manoj Pande

Designation :

Managing Director

Address :

B-30, Sector-53, Noida - 201301, Uttar Pradesh, India

Qualification :

B. Tech (IIS)

Date of Appointment :

05.08.2015

DIN No.:

00076026

 

 

Name :

Mr. Malkiat Singh

Designation :

Director

Address :

House No. 282-283, Ward No. 4, Village – darapur, Hoshiarpur, Punjab – 146001, India

Date of Birth/Age :

07.09.1935

Date of Appointment :

01.07.2002

DIN No.:

02548368

 

 

KEY EXECUTIVES

 

Name :

Mr. Kailash Gupta

Designation :

Chief Finance Officer

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2014

 

Names of Shareholders

No. of Shares

%age holding

Statcon Power Controls Limited, India

82017

99.55

Manoj Pandey (Nominee of Statcon Power Controls Limited)

120

0.15

Manmohan Singh Saini

250

0.30

Total

82387

100.00

 

 

 

Equity Share Break up (Percentage of Total Equity)

 

As on 30.09.2014

 

Category

Percentage

Bodies corporate

100.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in the business of manufacturing and trading of Power Controlling Equipment’s like Integrated Power Supply, Battery Charges, Ground Power Units and Solar Inverters also provides after sales support for the same. (Registered activity)

 

 

Products :

Battery Charger

Battery Capacity Tester

Battery Management System

DC Power Plant

Ground Power Unit (GPU)

Integrated Power Supply (IPS)

Solid State Load

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

 

Countries :

South Africa

 

 

Imports :

 

Countries :

Singapore

Italy

Australia

 

 

Terms :

 

Selling :

Cheque and Credit

 

 

Purchasing :

Cheque and Credit

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Arihant Electrical

Name of the Person :

Mr. Ankur (Manager)

Contact No.:

91-9560389916

Since How Long Known :

1 Year

Maximum Limit Dealt :

As per requirement

Experience :

Payment Behaviour

Market Goodwill

Overall

Good

Good

Good

Remark:

Subject having satisfactory trade record in market their payment behavior is good.

 

 

Customers :

End Users

 

Reference :

Alfa Interior Private Limited

Name of the Person :

Mr. Ajay Chabra (Director)

Contact No.:

91-9811611004

Since How Long Known :

6 to 7 Years 

Maximum Limit Dealt :

As per requirement

Experience :

Payment Behaviour

Market Goodwill

Overall

Good

Average

Good

Remark:

Contact person is not available on time customer services is very poor, they are not providing services on time, but product quality of goods is good and delivery begaviour is on time.

 

 

Reference :

Best Power Solutions

Name of the Person :

Mr. Vishal Pancholi (Chief Executive Officer)

Contact No.:

91-9887210060

Since How Long Known :

2 Years 

Maximum Limit Dealt :

As per requirement

Experience :

Payment Behaviour

Market Goodwill

Overall

Good

Good

Good

Remark:

Product quality of subject company is good, they deliver their Products on time, in rare cases the delayed their delivery. 

 

 

Reference :

Adyoni Solar Energy Private Limited

Name of the Person :

Mr. Nitin Aggarwal (Director)

Contact No.:

91-9650295550

Since How Long Known :

1 Year

Maximum Limit Dealt :

As per requirement

Experience :

Payment Behaviour

Market Goodwill

Overall

Good

Good

Good

Remark:

Having good reputation in market, product quality is also good, their management is good.

 

 

Reference :

Alfa Interiors Private Limited

Name of the Person :

Mr. Ajay Chabra

Contact No.:

91-9811611004

 

 

Reference :

Best Power Solution

Name of the Person :

Mr. Vishal Pacnoli

Contact No.:

91-9887210060

 

 

Reference :

Clean Energy Solar Solutions

Name of the Person :

Mr. Appu P.N.

Contact No.:

91-9745974006

 

 

Reference :

Easy Photocoltech

Name of the Person :

Mr. Vinod Kumar

Contact No.:

91-9311112551

 

 

Reference :

Electro Sales India

Name of the Person :

Mr. Sanjeev

Contact No.:

91-9706083022

 

 

Reference :

Jaiswal Battery Services

Name of the Person :

Mr. Arvind

Contact No.:

91-9453042371

 

 

Reference :

Kirti Solar Limited

Name of the Person :

Mr. Gorav

Contact No.:

91-8420054204

 

 

Reference :

M.M.T. Solar Systems

Name of the Person :

Mr. Ansari

Contact No.:

91-8090897488

 

 

Reference :

Mahindra Susten (P) Limited

Name of the Person :

Ms. Vidya

Contact No.:

91-9619136106

 

 

Reference :

Marston Moor Technologies CC

Name of the Person :

Export to South Africa

 

 

Reference :

Offcom Systems

Name of the Person :

Mr. Sanjay Shah

Contact No.:

91-9873353704

 

 

Reference :

Ritika Systems Private Limited

Name of the Person :

Mr. Sagar

Contact No.:

91-1202586610

 

 

Reference :

SURE Energy Systems Limited

Name of the Person :

Ms. Kalpana

Contact No.:

91-7680990961

 

 

Reference :

Vaini Marketing Private Limited

Name of the Person :

Mr. Ravindra

Contact No.:

91-9540307355

 

 

Reference :

Vikram Solar Private Limited

Name of the Person :

Mr. Arvind

Contact No.:

91-8800575856

 

 

Reference :

Viveto Systems

Name of the Person :

Mr. Sanjeev Rajpoot

Contact No.:

91-9910030111

 

 

Reference :

Welspun Energy Private Limited

Name of the Person :

Ms. Radha

Contact No.:

91-8744054206

 

 

Reference :

Xrossways Inc

Name of the Person :

Mr. Gopal Chuhan

Contact No.:

91-9810162521

 

 

 

 

No. of Employees :

50 (Approximately) 

 

 

Bankers :

Bank Name

Dena Bank Limited

Branch

Okhla Industrial Estate, Okhla Phase – III, New Delhi – 110020, India

Person Name (With Designation)

Not Divulged

Contact Number

91-11-26312059

Email id :

okhla@denabank.co.in

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

Auditors :

 

Name :

AAR and Associates

Chartered Accountants

Address :

701-702, R.G. Trade Tower, Netaji Subhash Place, Pitam Pura, New Delhi – 110034, India

Tel No.:

91-11-47381100 / 08 / 05

Fax No.:

91-11-47381109

Email Id:

info@apac.in

Website :

www.apac.in

www.aarindia.com

PAN N Income-tax PAN of auditor or auditor's firm :

AAPFA4079G

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Statcon Power Control Limited

 

 

CAPITAL STRUCTURE

 

 

As on 31.03.2015

 

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

 

 

 

 

82387

Equity Shares

Rs.100/- each

Rs.8.239 Million

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

 

 

31.03.2015

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

 

 

8.239

2] Share Application Money

 

 

0.000

3] Reserves & Surplus

 

 

2.192

4] (Accumulated Losses)

 

 

0.000

NETWORTH

 

 

10.431

LOAN FUNDS

 

 

 

1] Secured Loans

 

 

3.900

2] Unsecured Loans

 

 

0.000

TOTAL BORROWING

 

 

3.900

DEFERRED TAX LIABILITIES

 

 

0.112

 

 

 

 

TOTAL

 

 

14.443

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

 

 

13.571

Capital work-in-progress

 

 

0.000

 

 

 

 

INVESTMENT

 

 

0.000

DEFERREX TAX ASSETS

 

 

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
 
 
4.989

 

Sundry Debtors
 
 
63.811

 

Cash & Bank Balances
 
 
0.639

 

Other Current Assets
 
 
0.000

 

Loans & Advances
 
 
0.664

Total Current Assets
 
 
70.103

Less : CURRENT LIABILITIES & PROVISIONS
 
 
 

 

Sundry Creditors
 
 
67.518

 

Other Current Liabilities
 
 
0.713

 

Provisions
 
 
1.000

Total Current Liabilities
 
 
69.231

Net Current Assets
 
 
0.872

 

 

 

 

MISCELLANEOUS EXPENSES

 

 

0.000

 

 

 

 

TOTAL

 

 

14.443

 

 

SOURCES OF FUNDS

 

31.03.2014

31.03.2013

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

 

8.239

8.239

(b) Reserves & Surplus

 

(0.967)

(0.570)

(c) Money received against share warrants

 

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

 

0.000

0.000

Total Shareholders’ Funds (1) + (2)

 

7.272

7.669

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

 

0.000

0.000

(b) Deferred tax liabilities (Net)

 

0.000

0.000

(c) Other long term liabilities

 

0.000

0.000

(d) long-term provisions

 

0.000

0.000

Total Non-current Liabilities (3)

 

0.000

0.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

 

0.000

0.000

(b) Trade payables

 

0.000

0.000

(c) Other current liabilities

 

0.034

0.143

(d) Short-term provisions

 

0.000

0.000

Total Current Liabilities (4)

 

0.034

0.143

 

 

 

 

TOTAL

 

7.306

7.812

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

 

3.384

3.526

(ii) Intangible Assets

 

0.000

0.000

(iii) Capital work-in-progress

 

0.000

0.000

(iv) Intangible assets under development

 

0.000

0.000

(b) Non-current Investments

 

0.000

0.000

(c) Deferred tax assets (net)

 

0.000

0.000

(d)  Long-term Loan and Advances

 

0.000

0.021

(e) Other Non-current assets

 

0.000

0.000

Total Non-Current Assets

 

3.384

3.547

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

 

0.000

0.000

(b) Inventories

 

0.000

0.000

(c) Trade receivables

 

2.878

2.878

(d) Cash and cash equivalents

 

1.022

1.359

(e) Short-term loans and advances

 

0.022

0.028

(f) Other current assets

 

0.000

0.000

Total Current Assets

 

3.922

4.265

 

 

 

 

TOTAL

 

7.306

7.812

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2015

31.03.2014

31.03.2013

 

SALES

 

 

 

 

Income

67.134

0.000

0.000

 

Other Income

0.000

 0.097

 0.020

 

TOTAL (A)

67.134

0.097

0.020

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

5.704

0.000

0.000

 

Purchases of Stock-in-Trade

56.262

0.000

0.000

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

0.000

0.000

0.000

 

Employees benefits expense

0.224

0.000

 0.004

 

Other expenses

1.022

0.352

0.355

 

TOTAL (B)

63.212

0.352

0.359

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)

3.922

(0.255)

(0.339)

 

 

 

 

 

Less

FINANCIAL EXPENSES (D)

0.000

0.000

0.060

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)

3.922

(0.255)

(0.399)

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION (F)

0.031

0.142

0.171

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX (E-F)   (G)

3.891

(0.397)

(0.570)

 

 

 

 

 

Less

TAX (H)

1.112

0.000

0.000

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX  (G-H)   (I)

2.779

(0.397)

(0.570)

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

34.00

 (4.82)

(6.92)

 

 

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 flow from operating activity

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2015

31.03.2014

31.03.2013

Net Profit Margin

(PAT / Sales)

(%)

4.14

(409.28)

(2850.00)

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

5.84

(262.89)

(1695.00)

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

4.65

(5.43)

(7.30)

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.37

(0.05)

(0.07)

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.37

0.00

0.00

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.01

115.35

29.83

 

 

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

8.239

8.239

8.239

Reserves & Surplus

(0.570)

(0.967)

2.192

Net worth

7.669

7.272

10.431

 

 

 

 

long-term borrowings

0.000

0.000

3.900

Short term borrowings

0.000

0.000

0.000

Total borrowings

0.000

0.000

3.900

Debt/Equity ratio

0.000

0.000

0.374

 

 

 

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

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

 

 

GENERAL INFORMATION

 

Subject engaged in the business of manufacturing and trading of power controlling equipments like Integrated Power Supply, Battery Chargers, Ground Power Units and Solar Inverters also provides after sale support for the same. The Company has a manufacturing facilities at Pilkhuwa (Uttar Pradesh) and Branches at Noida and Delhi, India. The Company is a Private Limited Company incorporated on July 26, 1991.

 

 

UNSECURED LOAN

 

PARTICULARS

31.03.2015

(Rs. in Million)

31.03.2014

(Rs. in Million)

Unsecured loan

3.900

0.000

Total

3.900

0.000

 

 

INDEX OF CHARGES

 

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

90043895

04/02/2010 *

8,000,000.00

DENA BANK

OKHLA INDUSTRIAL ESTATE, OKHLA PHASE-IIII, NEW DELHI - 110020, INDIA

A78972262

 

 

FIXED ASSETS

 

  • Land
  • Office equipment
  • Vehicle
  • Plant and Machinery
  • Building
  • CWIP
  • Computer
  • Furniture and Fixture

 

 

 

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.66.20

UK Pound

1

Rs.98.29

Euro

1

Rs.72.41

 

 

INFORMATION DETAILS

 

Information Gathered by :

SVA

 

 

Analysis Done by :

KAS

 

 

Report Prepared by :

SUJ

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

4

PAID-UP CAPITAL

1~10

3

OPERATING SCALE

1~10

3

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

4

--PROFITABILITY

1~10

3

--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

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

 

29

 

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

 

--

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.