MIRA
INFORM REPORT
|
Report No. : |
307997 |
|
Report Date : |
13.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
PARAMSHAKTI STEELS LIMITED |
|
|
|
|
Registered
Office : |
304, |
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|
|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
31.05.1995 |
|
|
|
|
Com. Reg. No.: |
11-167801 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.38.771
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U65910MH1995PLC167801 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEP10040C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCS7494A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
Line of Business
: |
Manufacturer, Trader and Importer of varies iron and steel products which
includes HR sheets, HR coils, TMT Bars etc. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having satisfactory track record. Profitability of the company seems to be low during 2014. However,
general financial position of the company seems decent. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The company can be considered for business dealings at usual trade
terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
BBB- [Term Loan] |
|
Rating Explanation |
Moderate risk of and moderate credit risk. |
|
Date |
November 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
A3 [Non Fund Based Limits] |
|
Rating Explanation |
Moderate degree of safety and very higher credit risk. |
|
Date |
November 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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Amrish |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9970172726 |
|
Date : |
12.02.2015 |
LOCATIONS
|
Registered Office : |
304, Ashirwad Building, Ahmedabad Street, Carnac Bunder, Mumbai –
400009, Maharashtra, India |
|
Tel. No.: |
91-22-23481153/ 23497828/65602323 |
|
Mobile No.: |
91-9970172726 (Mr. Amrish) |
|
Fax No.: |
91-22-23423814 |
|
E-Mail : |
|
|
Area : |
25560 Sq. mtrs |
|
Location : |
Owned |
|
|
|
|
Factory : |
A-5, MIDC Taloja, Village Pendhar, District Raigad, Maharashtra, India
|
|
Tel. No.: |
91-22-27411936/ 37/ 38/ 39 |
|
Fax No.: |
91-22-27411934 |
|
Location : |
Owned |
DIRECTORS
As On 31.03.2014
|
Name : |
Mr. Umesh Chunilal Jumani |
|
Designation : |
Director |
|
Address : |
II Floor, Sunder Jeevan Apartment, 530 Clarke Town, |
|
Date of Birth/Age : |
15.12.1967 |
|
Qualification : |
BSC, MBA |
|
Date of Appointment : |
11.03.2005 |
|
DIN No.: |
00092798 |
|
|
|
|
Name : |
Mr. Rajendrakumar Choudhary |
|
Designation : |
Director |
|
Address : |
702, Sinchan Society, New |
|
Date of Birth/Age : |
26.11.1950 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
01.05.2005 |
|
DIN No.: |
00716687 |
|
|
|
|
Name : |
Mr. Sidharth Madanlal Bagrecha |
|
Designation : |
Director |
|
Address : |
Suyog Residency, Flat No. 502, 5th Floor, Near Adventist
Hospital, Salisubury Park, Gultekdi, Pune-411037, Maharashtra, India |
|
Date of Birth/Age : |
15.11.1975 |
|
Date of Appointment : |
03.09.2014 |
|
DIN No.: |
02213309 |
|
|
|
|
Name : |
Mr. Vinod Ramniwas Garg |
|
Designation : |
Director |
|
Address : |
1102, Rameshwarm Apartment, EC TV Tower Lane, Dadar, Mumbai-400028,
Maharashtra, India |
|
Date of Birth/Age : |
05.06.1956 |
|
Date of Appointment : |
03.09.2014 |
|
DIN No.: |
00152665 |
KEY EXECUTIVES
|
Name : |
Mr. Amrish |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As On 31.03.2014
|
Names of Shareholders |
|
No. of Shares |
|
Rajendra Choudhary |
|
686575 |
|
Ankit Choudhary |
|
106200 |
|
Kusum Choudhary |
|
199225 |
|
Umesh Jumani |
|
8700 |
|
Kaml Kothari |
|
112500 |
|
Manish Waghmare |
|
5000 |
|
Vimal Kumar Agarwal |
|
319900 |
|
Lakshmidevi Bagrodia |
|
445000 |
|
Rajendra Bagrodia |
|
501000 |
|
Shree Concrete Private Limited, India |
|
375000 |
|
Rukmani Concrete Private Limited, India |
|
379000 |
|
Concrete Udyog Limited, India |
|
370000 |
|
Malwa Concrete Udyog Private Limited, India |
|
369000 |
|
|
|
|
|
TOTAL
|
|
3877100 |
As On 31.03.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
38.50 |
|
Directors
or relatives of directors |
|
25.82 |
|
Other
top fifty shareholders |
|
35.68 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader and Importer of varies iron and steel products
which includes HR sheets, HR coils, TMT Bars etc. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
|
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|
Products : |
HR Sheets and Coils |
||||
|
Countries : |
·
Iran ·
China |
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|
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Terms : |
|
||||
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Selling : |
Cash and Credit [30 and 60 Days] |
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Purchasing : |
Cash and Credit [30 and 60 Days] |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers and End Users
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No. of Employees : |
50 (Approximately) |
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Bankers : |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Hansaria and Associates Chartered Accountants |
|
Address : |
B-414, Yashwant
Shopping Center, Carter Road No:7, Borivali (East), Mumbai-400066,
Maharashtra, India |
|
Tel. No.: |
91-22-28647519 /
28637675 / 28090413 |
|
Mobile No.: |
91-9892157484 |
|
Fax No.: |
91-22-28647519 |
|
E-Mail : |
|
|
PAN No: |
AAJPH9214J |
|
|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Other Related Parties : |
·
Truevalue Engineering Private Limited CIN No.: U74210MH1999PTC122998 ·
Rajendra Kumar and Company |
CAPITAL STRUCTURE
As On 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3877100 |
Equity Shares |
Rs.10/- each
|
Rs.38.771
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 |
38.771 |
38.771 |
38.771 |
|
(b) Reserves & Surplus |
391.027 |
367.842 |
353.281 |
|
(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) |
429.798 |
406.613 |
392.052 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
242.775 |
250.213 |
139.061 |
|
(b) Deferred tax liabilities (Net) |
8.768 |
9.807 |
9.017 |
|
(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) |
251.543 |
260.020 |
148.078 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
311.571 |
411.338 |
281.319 |
|
(b)
Trade payables |
930.380 |
686.958 |
829.457 |
|
(c)
Other current liabilities |
4.698 |
16.545 |
46.190 |
|
(d) Short-term
provisions |
4.500 |
4.500 |
3.600 |
|
Total Current
Liabilities (4) |
1251.149 |
1119.341 |
1160.566 |
|
|
|
|
|
|
TOTAL |
1932.490 |
1785.974 |
1700.696 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible
assets |
232.591 |
247.907 |
254.911 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
4.586 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.225 |
23.615 |
13.938 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
233.816 |
276.108 |
268.849 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
328.788 |
494.044 |
322.295 |
|
(c)
Trade receivables |
898.024 |
644.612 |
684.673 |
|
(d) Cash
and cash equivalents |
130.913 |
97.075 |
97.480 |
|
(e)
Short-term loans and advances |
340.949 |
274.135 |
327.399 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1698.674 |
1509.866 |
1431.847 |
|
|
|
|
|
|
TOTAL |
1932.490 |
1785.974 |
1700.696 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4508.625 |
3309.347 |
4154.416 |
|
|
|
Other Income |
14.658 |
22.351 |
22.331 |
|
|
|
TOTAL (A) |
4523.283 |
3331.698 |
4176.747 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
4080.033 |
3321.183 |
3479.062 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
165.256 |
(171.749) |
522.475 |
|
|
|
Employees benefits expense |
8.088 |
10.071 |
9.999 |
|
|
|
Other expenses |
28.227 |
31.234 |
29.881 |
|
|
|
TOTAL (B) |
4281.604 |
3190.739 |
4041.417 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
241.679 |
140.959 |
135.330 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
181.924 |
97.278 |
97.625 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
59.755 |
43.681 |
37.705 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
27.629 |
23.621 |
15.285 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
32.126 |
20.060 |
22.420 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
8.941 |
5.499 |
7.950 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
23.185 |
14.561 |
14.470 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
136.750 |
122.190 |
107.780 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
159.935 |
136.750 |
122.250 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
0.000 |
0.000 |
744.074 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
5.98 |
3.76 |
3.83 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.51 |
0.44 |
0.35 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
5.36 |
4.26 |
3.26 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.66 |
1.14 |
1.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
0.05 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.29 |
1.63 |
1.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36 |
1.35 |
1.23 |
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 |
38.771 |
38.771 |
38.771 |
|
Reserves & Surplus |
353.281 |
367.842 |
391.027 |
|
Net
worth |
392.052 |
406.613 |
429.798 |
|
|
|
|
|
|
long-term borrowings |
139.061 |
250.213 |
242.775 |
|
Short term borrowings |
281.319 |
411.339 |
311.571 |
|
Total
borrowings |
420.380 |
661.552 |
554.346 |
|
Debt/Equity
ratio |
1.072 |
1.627 |
1.290 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
4154.416 |
3309.347 |
4508.625 |
|
|
|
(20.341) |
36.239 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
4154.416 |
3309.347 |
4508.625 |
|
Profit |
14.470 |
14.560 |
23.185 |
|
|
0.35% |
0.44% |
0.51% |
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
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 |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
Yes |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
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 413, Ashirwad Building, Ahmedabad Street, Carnac Bunder, Mumbai-400009,
Maharashtra India to the present address w.e.f.15.03.2008
UNSECURED LOAN
|
Unsecured Loan |
As
on 31.03.2014 [Rs.
in Millions] |
As
on 31.03.2013 [Rs.
in Millions] |
|
Long Term
Borrowings |
|
|
|
Other loans and advances |
202.671 |
192.500 |
|
TOTAL
|
202.671 |
192.500 |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10524842 |
17/09/2014 |
750,000,000.00 |
UNION BANK OF INDIA |
Mid-Corporate Branch, S T. Road,2nd Floor,, 24,Apeejay Surendra House,
Baroda Street Masjid (E), Mumbai, Maharashtra - 400009, INDIA |
C28378339 |
|
2 |
10406247 |
08/02/2013 |
150,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. ANNIE BESANT
ROAD, WORLI,, MUMBAI, Maharashtra - |
B68808138 |
|
3 |
10230644 |
26/03/2012 * |
312,500,000.00 |
STATE BANK OF INDIA |
STERLING CENTRE BRANCH,DR ANNIE BESANT ROAD, OPP |
B38554390 |
|
4 |
10230643 |
29/05/2010 |
262,500,000.00 |
STATE BANK OF INDIA |
SANTACRUZ (WEST) BRANCH,7,SURYODAYA BLDG.,, JUHU ROAD,, MUMBAI,
Maharashtra - 400054, INDIA |
A89817308 |
|
5 |
10139066 |
17/01/2009 |
300,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
A55067888 |
|
6 |
10120459 |
05/10/2011 * |
450,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B24463671 |
|
7 |
10047307 |
18/02/2014 * |
1,587,500,000.00 |
Bank of India |
Andheri Mid Corporate Branch, 1st Floor, M.D.I. |
C06197172 |
FIXED ASSETS:
·
Land Freehold
·
Building
·
Office Premises
·
Plant and Machinery
·
Electrical Installation
·
Office Equipment
·
Computer
·
Motor Car and Motor Cycle
·
Furniture and Fixtures
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.62.43 |
|
|
1 |
Rs.95.01 |
|
Euro |
1 |
Rs.70.63 |
INFORMATION DETAILS
|
Information Gathered
by : |
DPA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
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 |
|
-- |
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.