MIRA INFORM REPORT
|
Report No. : |
303161 |
|
Report Date : |
02.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
SUPREME AND COMPANY PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
33/1, Netaji Subhas Road, 3rd Floor, Room No. 339, Kolkata
– 700001, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
26.04.1978 |
|
|
|
|
Com. Reg. No.: |
21-031466 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.192.732 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24116WB1978PTC031466 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALS17898G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA7232K |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Electrical Goods. |
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|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1700000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having a satisfactory track. The company possesses a long track with increasing scale of operation,
impressive client profile, strong presence in export market and decent
financial position market by continuous infusion of funds by promoters. The rating also take into consideration the volatility in input prices
leading to margin susceptibility and
working capital intensive nature of business. However, trade relations are reported as fair. Business is active.
Payment terms are 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
CARE |
|
Rating |
Long Term Bank Facilities = BBB - |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
April 8, 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
April 8, 2014 |
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
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Harish Agarwal |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9903999555 |
|
Date : |
27.01.2015 |
LOCATIONS
|
Registered Office : |
33/1, Netaji Subhas Road, 3rd Floor, Room No. 339, Kolkata
– 700001, West Bengal, India |
|
Tel. No.: |
91-33-24747565 / 24747585 / 24745984 / 5985 / 26516701 / 22207044 |
|
Mobile No.: |
91-9903999555 (Mr. Harish K Agarwal) |
|
Fax No.: |
91-33-24761955 / 24746537 / 26516706 / 24761955 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Branch Office / Corporate Office / Head Office : |
53, Justice Chandra
Madhav Road, Kolkata - 700020, West Bengal, India |
|
Tel. No.: |
91-33-24747565/24747585/24745984/5985/26516701 |
|
Fax No.: |
91-33-24761955/24746537/26516706 |
|
|
|
|
Factory : |
P-200, Benaras Road, Howrah – 711 108, West Bengal, India. |
|
Tel. No.: |
91-33-26513719/ 26516701/05 |
|
Fax No.: |
91-33-6514792/ 26516706 |
|
|
|
|
Sales Office : |
Located at: United Kingdom and Europe 2, Chapel Street, Haconby Bourne, Lincs - Pe100UP, England, United Kingdom |
|
Tel No.: |
44-1778-571800 |
|
Mobile No.: |
44-7747-830086 |
|
Fax
No.: |
44-8452-802292 |
|
E-mail
: |
|
|
|
|
|
Sales Office : |
Located at: USA and Canada 5974 Highway, 129 North, Unit H, Pendergrass, GA – 30567, USA |
|
Tel No.: |
706 – 693 - 2090 |
|
Mobile No.: |
678-665-5415 |
|
Fax No.: |
706-693-2099 |
|
E-mail : |
|
|
Factory : |
P-200, Benaras Road, Howrah – 711 108, West Bengal, India. |
|
Tel. No.: |
91-33-26513719/ 26516701/05 |
|
Fax No.: |
91-33-6514792/ 26516706 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Omkar Agarwal |
|
Designation : |
Director |
|
Address : |
66A, Chakraberia Road (North),
Kolkata – 700020, West Bengal, India |
|
Date Of Birth/Age : |
12.03.1935 |
|
Date of Appointment : |
01.07.1988 |
|
DIN No.: |
00598082 |
|
Name : |
Mr. Ramesh Rani Agarwal |
|
Designation : |
Director |
|
Address : |
66A, Chakraberia Road (North),
Kolkata – 700020, West Bengal, India |
|
Date of Birth/Age : |
04.04.1940 |
|
Date of Appointment : |
20.03.2006 |
|
DIN No.: |
00598058 |
|
Name : |
Mr. Harish Agarwal |
|
Designation : |
Director and Chief Executive Officer |
|
Address : |
66A, Chakraberia Road (North),
Kolkata – 700020, West Bengal, India |
|
Date of Birth/Age : |
30.01.1959 |
|
Date of Appointment : |
22.11.1999 |
|
DIN No.: |
00598118 |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Rajesh Agarwal |
3094500 |
|
Omkar Agarwal |
2274900 |
|
Harish Agarwal |
2675900 |
|
Devanshi Consultancy Private Limited, India |
6130000 |
|
Ramesh Rani Agarwal |
430100 |
|
Tirumala Bartar Private Limited, India |
2002000 |
|
Kavita Agarwal |
344000 |
|
Sudha Agarwal |
100 |
|
Rekha Agarwal |
100 |
|
Gandheswari Vanijya Private Limited, India |
798000 |
|
Mangalam Supply Private Limited, India |
678000 |
|
Tarun Mercantiles Private Limited, India |
79203 |
|
Shagun Business Services Private Limited, India |
181950 |
|
Raipur Resources Private Limited, India |
36390 |
|
Marble Impex Private Limited, India |
18195 |
|
K.V. Traders Private Limited, India |
202401 |
|
Wonderland Paper Suppliers Private Limited, India |
90975 |
|
B. Daulat Limited, India |
109170 |
|
Jay Vijay Private Limited, India |
127365 |
|
|
|
|
Total |
19273249 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
% of Holding |
|
Bodies corporate |
54.11 |
|
Directors or relatives of Directors |
45.89 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Electrical Goods. |
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|
Products : |
· Aerial Bundle Conductor Fittings · Insulator Hardware Fittings · Insulator String Hardware Accessories for EHV Line · Line Hardware · Transmission Towers · Optical Fiber and ADSS Accessories · 1200KV Transmission Kline and Substation ·
Anchoring Solution |
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Exports : |
-- |
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Imports : |
-- |
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Terms : |
-- |
GENERAL INFORMATION
|
Suppliers : |
-- |
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Customers : |
-- |
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No. of Employees : |
Not Divulged |
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|
Bankers : |
·
Axis Bank Limited, Corporate Banking Branch
(CBB), 1, Shakespeare Sarani, Ac Market, 3rd Floor, Kolkata – 700071, West
Bengal, India ·
Bank of India, Kolkata Corporate Banking Branch, 5,
B. T. M. Sarani, Kolkata-700001, West Bengal, India ·
UCO Bank, Industrial Finance Branch, 3 N.
S. Road, Kolkata – 700 001, West Bengal, India ·
Vijaya Bank, N S Road Branch, A – 1, Gillanders
House, 8, Kolkata – 700001, West Bengal, India · Indian Overseas Bank, P-35, India Exchange Place, Kolkata – 700 001, West Bengal ·
Oriental Bank of Commerce, Park Street Branch,
107/1, Park Street, 1st Floor, Kolkata-700 016, West Bengal, India
|
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
B. K. Sahoo and Company Chartered Accountants |
|
Address : |
16/2, K. M. Naskar Road, Kolkata – 700040, West Bengal, India |
|
Tel. No.: |
91-33-23117233 |
|
Mobile No.: |
91-9831021870/9433800710 |
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E-Mail.: |
|
|
PAN No.: |
AKRPS9342J |
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|
|
|
Subsidiaries : |
·
Energy Limited, Hong Kong ·
Afro- Indo Traders Limited |
|
|
|
|
Associates : |
·
Techno Power Services Private Limited |
|
|
|
|
Enterprises where KMP / relatives of KMP have significant influence or
control : |
· Master Engineering Concern · Supreme Gridtech Private Limited · Web Spiders (India) Private Limited · Web Spiders Private Limited · Supreme Electrotech Private Limited · Transmission and Distribution (India) Limited · Brick & Mortar Realty Private Limited · Powerline Exports Private Limited · M. C. Industries Limited · Building Blocks Private Limited · Solar Engineering Private Limited · Devanshi Consultants Private Limited · Gandheswari Vanijya Private Limited · Netwings Infotech Private Limited · Nautical Marine Agency Private Limited · Tirumala Barter Private Limited · Redemption Bungalow Hospitality Private Limited · · Mangalam Supply Co. Private Limited |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19273249 |
Equity Shares |
Rs.10/- each |
Rs.192.732 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
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 |
192.732 |
184.276 |
164.996 |
|
(b) Reserves & Surplus |
400.744 |
322.072 |
232.569 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
15.000 |
37.500 |
|
Total
Shareholders’ Funds (1) + (2) |
593.476 |
521.348 |
435.065 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
21.094 |
34.197 |
31.542 |
|
(b) Deferred tax liabilities (Net) |
1.000 |
1.444 |
1.305 |
|
(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) |
22.094 |
35.641 |
32.847 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1025.083 |
1045.539 |
1099.390 |
|
(b) Trade
payables |
637.358 |
522.879 |
436.384 |
|
(c) Other
current liabilities |
84.224 |
51.967 |
101.195 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
1746.665 |
1620.385 |
1636.969 |
|
|
|
|
|
|
TOTAL |
2362.235 |
2177.374 |
2104.881 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
222.409 |
205.173 |
182.023 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
10.147 |
14.395 |
22.022 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
27.215 |
24.265 |
19.785 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
83.387 |
62.527 |
59.050 |
|
(e) Other
Non-current assets |
17.967 |
13.698 |
12.045 |
|
Total Non-Current
Assets |
361.125 |
320.058 |
294.925 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
788.186 |
678.067 |
602.599 |
|
(c) Trade
receivables |
718.801 |
683.840 |
747.585 |
|
(d) Cash
and cash equivalents |
119.440 |
149.620 |
156.194 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other
current assets |
374.683 |
345.789 |
303.578 |
|
Total
Current Assets |
2001.110 |
1857.316 |
1809.956 |
|
|
|
|
|
|
TOTAL |
2362.235 |
2177.374 |
2104.881 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
NA |
NA |
NA |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
94.222 |
89.523 |
85.686 |
|
|
|
|
|
|
|
|
|
|
TAX |
30.158 |
28.800 |
28.922 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
63.890 |
60.584 |
56.764 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
293.153 |
232.569 |
175.804 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
357.043 |
293.153 |
232.569 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1216.383 |
1159.464 |
1040.957 |
|
|
TOTAL EARNINGS |
1216.383 |
1159.464 |
1040.957 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.10/-) |
3.31 |
3.29 |
3.44 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.05 |
4.18
|
4.15
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
0.17
|
0.19
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.76 |
2.07
|
2.59
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.15 |
1.15
|
1.11
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
164.996 |
184.276 |
192.732 |
|
Reserves & Surplus |
232.569 |
322.072 |
400.744 |
|
Share Application money pending
allotment |
37.500 |
15.000 |
0.000 |
|
Net
worth |
435.065 |
521.348 |
593.476 |
|
|
|
|
|
|
long-term borrowings |
31.542 |
34.197 |
21.094 |
|
Short term borrowings |
1099.390 |
1045.539 |
1025.083 |
|
Total
borrowings |
1130.932 |
1079.736 |
1046.177 |
|
Debt/Equity
ratio |
2.599 |
2.071 |
1.763 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
No |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
---- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---- |
|
22] |
Litigations that the firm
/ promoter involved in |
---- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---- |
|
26] |
Buyer visit details |
---- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
Note:-
Registered office of the company has been
shifted from 53, Justice Chandra Madhav Road, Kolkata - 700020, West Bengal, India
to the present address w.e.f. 01.05.2008.
INDEX OF CHARGES:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10523588 |
17/09/2014 |
100,000,000.00 |
ICICI Bank Limited |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
C25327883 |
|
2 |
10303946 |
29/04/2013 * |
60,000,000.00 |
Axis Bank Limited |
Corporate Banking Branch (CBB), 1, Shakespeare Sarani, Ac Market, 3rd Floor, Kolkata, West Bengal - 700071, India |
B76959485 |
|
3 |
10272479 |
28/02/2011 |
200,000,000.00 |
Allahabad Bank |
International Branch, 119 Park Street, Kolkata, West Bengal - 700016, India |
B07977192 |
|
4 |
10166258 |
24/09/2010 * |
260,900,000.00 |
Andhra Bank |
Chowringhee Branch, 58, Chowringhee Road, Kolkata, West Bengal - 700071, India |
A96170568 |
|
5 |
10151249 |
27/11/2010 * |
342,800,000.00 |
Oriental Bank of Commerce |
Park Street Branch,, 107/1, Park Street (1st Floor), Kolkata, West Bengal - 700016, India |
B02179984 |
|
6 |
10079571 |
23/06/2014 * |
445,000,000.00 |
Axis Bank Limited |
Corporate
Banking Branch (CBB),,1, Shakespeare Sarani, Ac Market, 3rd Floor,, Kolkata, West
Bengal |
C11909603 |
|
7 |
80009591 |
21/05/2014 * |
1,721,700,000.00 |
Vijaya Bank |
N.S. Road Branch, A- 1 "Gillander House", 8, N. S. Road,, Kolkata, West Bengal - 700001, India |
C11561834 |
|
8 |
90250924 |
24/09/2005 |
80,000,000.00 |
UCO Bank |
Industrial Finance Branch 3 N.S. Road, Kolkata, West Bengal - 700001, India |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
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 records 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.61.76 |
|
|
1 |
Rs.93.13 |
|
Euro |
1 |
Rs.70.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--EBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
48 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.