MIRA INFORM REPORT
|
Report No. : |
31802 |
|
Report Date : |
24.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
REDSTONE GRANITO PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
S. No. 159, Matel Road, N. H. 8A, Dhuva, Taluka Wankaner Lakaddhar – 363622,
Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
14.12.2010 |
|
|
|
|
Com. Reg. No.: |
04-063247 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 22.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26914GJ2010PTC063247 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RKTR03061C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCR0752E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Vitrified Tiles, Soluble Salt, Multi
Charge, etc. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 470000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Profit margin of the company is fair. The rating also takes into
consideration huge external borrowings of the company which may act as a
threat to the liquidity position. However, trade relations are fair. Business is active. Payment terms
are reported to be 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 rating: B+ |
|
Rating Explanation |
Risk prone credit quality and carries very high credit risk. |
|
Date |
06.02.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term rating: A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
06.02.2015 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Savan |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9898300911 |
|
Date : |
18.02.2015 |
LOCATIONS
|
Registered Office / Factory 1 : |
S. No. 159, Matel Road, N. H. 8A, Dhuva, Taluka Wankaner Lakaddhar –
363622, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9898300911 (Mr. Savan) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
20 acre |
|
|
|
|
Branch Office: |
Karkardooma Community Centre, karkardooma, New Delhi, India |
|
|
|
|
Factory 2 : |
Matel Road, N.H.27, Dhuva, At: Lakaddhar, Taluka Wankaner, Rajkot –
363622, Gujarat, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Pravinbhai Vishalkumar Raiyani |
|
Designation : |
Director |
|
Address : |
Gujarat Marg Apartment, Saru Section Road, Jamnagar-361001, Gujarat,
India |
|
Date of Birth/Age : |
05.04.1984 |
|
Date of Appointment : |
14.12.2010 |
|
Din No.: |
00284627 |
|
|
|
|
Name : |
Mr. Jamnadas Nileshkumar Bhalodia |
|
Designation : |
Director |
|
Address : |
Shiv Ashish, 2, Gulab Vatika Society, Amin Marg, Rajkot-360005,
Gujarat, India |
|
Date of Birth/Age : |
22.08.1977 |
|
Date of Appointment : |
14.12.2010 |
|
Din No.: |
03339515 |
|
|
|
|
Name : |
Mr. Jivrajbhai Rameshkumar Ranipa |
|
Designation : |
Director |
|
Address : |
At Mavapar, Taluka Dhrol, District Jamnagar-361210, Gujarat, India |
|
Date of Birth/Age : |
21.04.1971 |
|
Date of Appointment : |
14.12.2010 |
|
Din No.: |
03339532 |
|
|
|
|
Name : |
Mr. Manjibhai Pankaj Kasundra |
|
Designation : |
Director |
|
Address : |
Block 2, Rushikesh Apartment, Kailash Society, Sanala Road, Morbi,
Rajkot-363641, Gujarat, India |
|
Date of Birth/Age : |
06.04.1974 |
|
Date of Appointment : |
10.06.2011 |
|
Din No.: |
03552850 |
|
|
|
|
Name : |
Mr. Ramniklal Hiteshkumar Bhalodia |
|
Designation : |
Director |
|
Address : |
Shiv Ashish, 2, Gulab Vatika Society, Amin Marg, Rajkot-360005,
Gujarat, India |
|
Date of Birth/Age : |
18.01.1976 |
|
Date of Appointment : |
10.06.2011 |
|
Din No.: |
03539962 |
|
|
|
|
Name : |
Mr. Gopalbhai Samjibhai Raiyani |
|
Designation : |
Director |
|
Address : |
2, Sardar Patel Society, Saru Section Road, Opposite Rajput Seva
Samaj, Jamnagar-361006, Gujarat, India |
|
Date of Birth/Age : |
04.06.1957 |
|
Date of Appointment : |
10.06.2011 |
|
Din No.: |
00284584 |
|
|
|
|
Name : |
Mr. Shamjibhai Jigneshkumar Raiyani |
|
Designation : |
Director |
|
Address : |
2, Sardar Patel Society, Saru Section Road, Opposite Rajput Seva Samaj,
Jamnagar-361006, Gujarat, India |
|
Date of Birth/Age : |
16.06.1984 |
|
Date of Appointment : |
10.06.2011 |
|
Din No.: |
02611606 |
|
|
|
|
Name : |
Mr. Becharbhai Arvindbhai Bhimani |
|
Designation : |
Director |
|
Address : |
BL. No. L-853, Gujarat Housing Board, Sanala Road, Morbi,
Rajkot-363641, Gujarat, India |
|
Date of Birth/Age : |
12.11.1971 |
|
Date of Appointment : |
10.06.2011 |
|
Din No.: |
03552845 |
|
|
|
|
Name : |
Mr. Parshottambhai Hardik Bhalodiya |
|
Designation : |
Director |
|
Address : |
Shivashish Gulab, Vatika 2, Kalawad Road, Rajkot-360005, Gujarat,
India |
|
Date of Birth/Age : |
28.08.1989 |
|
Date of Appointment : |
10.06.2011 |
|
Din No.: |
03539972 |
|
|
|
|
Name : |
Mr. Dharamehibhai Maganlal Kasundra |
|
Designation : |
Director |
|
Address : |
Shri Ram Society, Ravapar Road, Morbi, Rajkot-363641, Gujarat, India |
|
Date of Birth/Age : |
28.08.1989 |
|
Date of Appointment : |
30.04.2012 |
|
Din No.: |
01336288 |
KEY EXECUTIVES
|
Name : |
Mr. Savan |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Vishalkumar Pravinbhai Raiyani |
|
102501 |
|
Jigneshkumar Shamjibhai Raiyani |
|
81251 |
|
Nileshkumar Jamnadas Bhalodia |
|
80417 |
|
Parshottambhai Kanjibhai Bhalodia |
|
63750 |
|
Rameshkumar Jivrajbhai Ranipa |
|
113333 |
|
Jivrajbhai Premjibhai Ranipa |
|
43333 |
|
Bhumikaben Nileshbhai Bhalodia |
|
28333 |
|
Ektaben Hiteshbhai Bhalodia |
|
28333 |
|
Giraben Pareshbhai Bhalodia |
|
28334 |
|
Hardik Parshottambhai Bhalodia |
|
104999 |
|
Hiteshbhai Ramnikbhai Bhalodia |
|
102166 |
|
Jamnadas Kanjibhai Bhalodia |
|
40000 |
|
Jignesh Parshottambhai Bhalodia |
|
40000 |
|
Ramnikbhai Kanjibhai Bhalodia |
|
41667 |
|
Sanjay Saileshbhai Patel |
|
28334 |
|
Charmi Vishal Raiyani |
|
33333 |
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 and Exporter of Vitrified Tiles, Soluble Salt, Multi
Charge, etc |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
Finished Good |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit |
|
|
|
|
Purchasing : |
L/C, Cash and Credit |
PRODUCTION STATUS [AS ON 31.03.2012]
|
Licensed Capacity |
Not Applicable |
|
Annual Installed Capacity |
Approximately 70000 Mts. |
|
Production |
19486 Mts. |
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
Wholesalers, Retailers and Manufacturer
|
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No. of Employees : |
500 (Approximately) |
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Bankers : |
State Bank of India, I F Branch, 1st Floor, Neptune Tower
Annex, Near Gandhigram Railway Station, Ashram Road, Ahmedabad - 380009,
Gujarat, India |
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|
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|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Bhatt Bhargav and Associates Chartered Accountants |
|
Address : |
"Bhanu Smruti", 2/11, Jayraj Plot, Palace Road, Rajkot –
360001, Gujarat, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AMSPB2082K |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5400000 |
Equity Shares |
Rs.10/- each |
Rs. 54.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2250000 |
Equity Shares |
Rs.10/- each |
Rs. 22.500
Millions |
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2250000 |
Equity Shares |
Rs.10/- each |
Rs. 22.500 Millions |
|
|
Add: Raised during the year |
|
Rs. 30.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 52.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2250000 |
Equity Shares |
Rs.10/- each |
Rs. 22.500
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 |
22.500 |
22.500 |
22.500 |
|
(b) Reserves & Surplus |
144.915 |
111.027 |
92.883 |
|
(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) |
167.415 |
133.527 |
115.383 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
312.554 |
346.450 |
221.997 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
12.107 |
14.686 |
|
(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) |
312.554 |
358.557 |
236.683 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
196.656 |
203.492 |
151.222 |
|
(b) Trade payables |
131.512 |
148.691 |
270.465 |
|
(c) Other current liabilities |
24.423 |
9.209 |
2.664 |
|
(d) Short-term provisions |
5.837 |
1.098 |
0.016 |
|
Total
Current Liabilities (4) |
358.428 |
362.490 |
424.367 |
|
|
|
|
|
|
TOTAL |
838.397 |
854.574 |
776.433 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
416.665 |
420.708 |
419.139 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
7.576 |
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) |
9.084 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.096 |
1.946 |
1.971 |
|
(e) Other Non-current assets |
0.144 |
0.216 |
0.288 |
|
Total
Non-Current Assets |
435.565 |
422.870 |
421.398 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
159.800 |
217.048 |
168.938 |
|
(c) Trade receivables |
209.040 |
199.569 |
89.210 |
|
(d) Cash and cash equivalents |
11.690 |
7.726 |
59.950 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
34.947 |
|
(f) Other current assets |
22.302 |
7.361 |
1.990 |
|
Total
Current Assets |
402.832 |
431.704 |
355.035 |
|
|
|
|
|
|
TOTAL |
838.397 |
854.574 |
776.433 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
680.161 |
866.707 |
168.868 |
|
|
Other Income |
1.542 |
1.726 |
2.48 |
|
|
TOTAL
(A) |
681.703 |
868.433 |
171.348 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
(B) |
643.679 (Including
Financial Expenses ) |
777.118 |
128.832 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
91.315 |
42.516 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
67.037 |
18.552 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
38.024 |
24.278 |
23.964 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
22.547 |
23.302 |
23.879 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
15.477 |
0.976 |
0.085 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
(18.411) |
(2.397) |
14.702 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
33.888 |
3.373 |
(14.617) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
15.06 |
1.50 |
(6.50) |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
4.98 |
0.39 |
-8.66 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
10.54 |
25.18 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.88 |
0.11 |
0.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.01 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.04 |
4.12 |
3.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12 |
1.19 |
0.84 |
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 |
22.500 |
22.500 |
22.500 |
|
Reserves & Surplus |
92.883 |
111.027 |
144.915 |
|
Net
worth |
115.383 |
133.527 |
167.415 |
|
|
|
|
|
|
long-term borrowings |
221.997 |
346.450 |
312.554 |
|
Short term borrowings |
151.222 |
203.492 |
196.656 |
|
Total
borrowings |
373.219 |
549.942 |
509.210 |
|
Debt/Equity
ratio |
3.235 |
4.119 |
3.042 |
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 |
168.868 |
866.707 |
680.161 |
|
|
|
413.245 |
(21.524) |
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 |
168.868 |
866.707 |
680.161 |
|
Profit |
(14.617) |
3.373 |
33.888 |
|
|
(8.66%) |
0.39% |
4.98% |
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 |
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Loans and advance from other |
24.385 |
25.416 |
|
Loans and advance from directors |
0.135 |
0.122 |
|
Loans and advance from related parties |
34.541 |
31.335 |
|
Total |
59.061 |
56.873 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10505909 |
28/06/2014 |
18,000,000.00 |
RELIANCE CAPITAL LTD |
"H" BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI, MAHARASHTRA - 400710, INDIA |
C09187766 |
|
2 |
10278162 |
02/02/2012 * |
566,000,000.00 |
STATE BANK OF INDIA |
I F BRANCH, 1ST FLOOR, NEPTUNE TOWER ANNEX, NR. GANDHIGRAM RLY. STN., ASHRAM ROAD, AHMEDABAD, GUJARAT - 380009, INDIA |
B31100761 |
* Date of charge modification
FIXED ASSETS:
- Factory Land
- Machinery
- Factory Shed
- Lab Equipment
- Electrification
- Tractor
- Trailer
- Maruti Ritz
- Furniture
- Mobile
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.62.18 |
|
|
1 |
Rs.95.71 |
|
Euro |
1 |
Rs.70.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.