MIRA INFORM REPORT
|
Report Date : |
01.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
INTERVALVE ( |
|
|
|
|
Formerly Known
As : |
EUREKA INVESTMENT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
212/2, Off Soli Poonawalla Road, Hadapsar, Pune – 411028, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
12.10.1987 |
|
|
|
|
Com. Reg. No.: |
11-044960 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 88.244 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29120PN1987PLC044960 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
PNEI04181C |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACI3917P |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in the manufacturing of INDUSTRIAL VALVES like Butterfly Valve, Ball Valve, Gate Valve, Globe Valve, Check Vale etc. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Financial position of the company seems to be decent. Trade relations are reported as fair. Business is active. Payment
terms are reported to be 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 |
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
31-03-2014.
INFORMATION DENIED
MANAGEMENT NON-CO-OPERATIVE (91-20-26993900)
LOCATIONS
|
Registered /Head Office: |
212/2 Off Solipoonawala Road, Hadpsar, Pune-411028, Maharashtra, India
|
|
Tel. No.: |
91-20-26993900/26993904 |
|
Fax No.: |
91-20-26993921 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
94/1, Manjri, Off soli Poonawalla Road, Pune – 412307, Maharashtra,
India |
|
|
|
|
Branch Office : |
G-2 Presidential Plaza, Ground Floor, LBS Marg, Ghatkopar(W),
Mumbai-400086, |
|
Tel. No.: |
91-22-25172262 |
|
Fax No.: |
91-22-25172264 |
|
|
|
|
Branches: |
Also Located At:
|
|
|
|
|
Domestic Dealers: |
Located At:
|
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Donald Ashok Patrick |
|
Designation : |
Director |
|
Address : |
54, Marian Town S. No. 121/1, Adjacent To Station Patrick Town, Gate No.4, Hadapsar, Pune – 411013, Maharashtra, India |
|
Date of Birth/Age : |
22.08.1943 |
|
Date of Appointment : |
09.02.2004 |
|
DIN: |
00212719 |
|
|
|
|
Name : |
Mr. Michelle Yohan Poonawalla |
|
Designation : |
Director |
|
Address : |
Poonawalla House, 87, |
|
Date of Birth/Age : |
23.08.1977 |
|
Date of Appointment : |
23.09.2011 |
|
DIN: |
00503625 |
|
|
|
|
Name : |
Mr. Yohan Zavary Poonawalla |
|
Designation : |
Managing Director |
|
Address : |
Poonawalla House, 87, |
|
Date of Birth/Age : |
15.01.1972 |
|
Date of Appointment : |
23.09.2011 |
|
DIN |
00503409 |
|
|
|
|
Name : |
Mr. Zavaray Soli Poonawalla |
|
Designation : |
Director |
|
Address : |
12 Poonawalla Park, Pune-411037, |
|
Date of Birth/Age : |
04.12.1973 |
|
Date of Appointment : |
23.09.2011 |
|
DIN |
00044760 |
|
|
|
|
Name : |
Mr. Popatlal Deepak Shah |
|
Designation : |
Director |
|
Address : |
C-101 Panchratna Apartment Society, Poonawalla Road, Bhairoba Nalla, Pune- - 411013, Maharashtra, India |
|
Date of Birth/Age : |
28.04.1953 |
|
Date of Appointment : |
30.09.2014 |
|
DIN: |
00054104 |
KEY EXECUTIVES
|
Name : |
Mr. Deepak Madhav Manerikar |
|
Designation : |
Secretary |
|
Address : |
5, Vrindavan Apartments, Bhau Patil Road, Bopodi, Pune- 411020, Maharashtra, India |
|
Date of Birth/Age : |
06.05.1976 |
|
Date of Appointment : |
25.08.2008 |
|
PAN |
AHZPM2502R |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2014
|
Names of Shareholders |
No. of
Preferences Shares |
No. of Equity
Shares |
|
Zavaray Soli Poonawalla |
-- |
66649 |
|
Firdaus Jal Dastoor |
-- |
1 |
|
Yohan Zavary Poonawalla |
-- |
84997 |
|
Eureka Finvest Private Limited, India |
-- |
750 |
|
Michelle Yohan Poonawalla |
|
1 |
|
Yohan Zayan Poonawalla |
-- |
1 |
|
Yohan Poonawalla Financialsm Private Limited, India |
-- |
1 |
|
Zavaray Soli Poonawalla |
365020 |
-- |
|
Yohan Zavaray Poonawalla |
365020 |
-- |
|
|
|
|
|
Total |
730040 |
152400 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Bodies
corporate |
|
0.49 |
|
Directors
or relatives of directors |
|
99.51 |
|
Total |
|
100.00 |
%20LIMITED%20-%20300914%2001-Jan-2015_files/image001.gif)
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the manufacturing of INDUSTRIAL VALVES like Butterfly Valve, Ball Valve, Gate Valve, Globe Valve, Check Vale etc. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not applicable |
||||
|
|
|
||||
|
Imports : |
Not applicable |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||
|
|
|
||||||||||||||
|
Customers : |
|
||||||||||||||
|
|
|
||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||
|
|
|
||||||||||||||
|
Bankers : |
|
||||||||||||||
|
|
|
||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Patki And Soman Chartered Accountants |
|
Address : |
101-102 Parmesh Plaza, 1213, Sadashiv Peth Near Hatti Ganpati Pune-411030, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFP3742Q |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
List Of Parties
Where Control / Significant Influence |
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 Millions |
|
750000 |
Preference Share |
Rs.100/- each |
Rs.75.000 Millions |
|
|
Total |
|
Rs.95.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
152400 |
Equity Shares |
Rs.100/- each |
Rs.15.240
Millions |
|
730040 |
Preference Share |
Rs.100/- each |
Rs.73.004
Millions |
|
|
|
|
Rs.88.244 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 |
88.244 |
88.244 |
88.244 |
|
(b) Reserves & Surplus |
263.578 |
245.369 |
210.765 |
|
(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) |
351.822 |
333.613 |
299.009 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
31.306 |
29.419 |
23.660 |
|
(c) Other long term
liabilities |
3.574 |
2.058 |
1.908 |
|
(d) long-term
provisions |
23.362 |
20.668 |
10.014 |
|
Total Non-current Liabilities
(3) |
58.242 |
52.145 |
35.582 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
139.369 |
186.230 |
169.623 |
|
(b) Trade
payables |
238.911 |
186.751 |
164.882 |
|
(c) Other
current liabilities |
41.724 |
21.852 |
8.388 |
|
(d) Short-term
provisions |
101.912 |
96.539 |
88.199 |
|
Total Current
Liabilities (4) |
521.916 |
491.372 |
431.092 |
|
|
|
|
|
|
TOTAL |
931.980 |
877.130 |
765.683 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
218.054 |
230.395 |
181.994 |
|
(ii)
Intangible Assets |
0.366 |
0.297 |
1.280 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
6.261 |
6.261 |
1.261 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
62.472 |
30.487 |
13.553 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
287.153 |
267.440 |
198.088 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
53.003 |
49.421 |
0.000 |
|
(b)
Inventories |
155.050 |
143.216 |
118.186 |
|
(c) Trade
receivables |
308.941 |
288.477 |
252.840 |
|
(d) Cash
and cash equivalents |
9.191 |
9.705 |
54.672 |
|
(e)
Short-term loans and advances |
98.038 |
86.916 |
106.818 |
|
(f) Other
current assets |
20.604 |
31.955 |
35.079 |
|
Total
Current Assets |
644.827 |
609.690 |
567.595 |
|
|
|
|
|
|
TOTAL |
931.980 |
877.130 |
765.683 |
PROFIT AND LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
890.637 |
890.010 |
861.325 |
|
|
Other Income |
4.314 |
7.928 |
3.396 |
|
|
TOTAL (A) |
894.951 |
897.938 |
864.721 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
562.681 |
532.361 |
534.663 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(12.178) |
(2.991) |
16.581 |
|
|
Employees benefits
expense |
142.689 |
142.738 |
121.200 |
|
|
Other expenses |
141.635 |
139.220 |
126.482 |
|
|
TOTAL (B) |
834.827 |
811.328 |
798.926 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
60.124 |
86.610 |
65.795 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
7.346 |
7.767 |
7.533 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION (C-D) (E) |
52.778 |
78.843 |
58.262 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
25.293 |
23.704 |
22.570 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
27.485 |
55.139 |
35.692 |
|
|
|
|
|
|
|
Less |
TAX (I) |
9.276 |
20.536 |
14.652 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-I) (J) |
18.209 |
34.603 |
21.040 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD (K) |
239.212 |
204.609 |
183.569 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S (J+K+L-M) |
257.421 |
239.212 |
204.609 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
143.451 |
109.326 |
117.533 |
|
|
TOTAL EARNINGS |
143.451 |
109.326 |
117.533 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Components and Stores
parts |
20.298 |
12.999 |
18.989 |
|
|
TOTAL IMPORTS |
20.298 |
12.999 |
18.989 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
119.00 |
227.00 |
138.00 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.04 |
3.89 |
2.44 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
6.75 |
9.73 |
7.64 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.97 |
6.33 |
4.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.17 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.40 |
0.56 |
0.57 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24 |
1.24 |
1.32 |
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 |
88.244 |
88.244 |
88.244 |
|
Reserves & Surplus |
210.765 |
245.369 |
263.578 |
|
Net worth |
299.009 |
333.613 |
351.822 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
169.623 |
186.230 |
139.369 |
|
Total borrowings |
169.623 |
186.230 |
139.369 |
|
Debt/Equity ratio |
0.567 |
0.558 |
0.396 |
%20LIMITED%20-%20300914%2001-Jan-2015_files/image002.gif)
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 |
861.325 |
890.010 |
890.637 |
|
|
|
3.330 |
0.070 |
%20LIMITED%20-%20300914%2001-Jan-2015_files/image003.gif)
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 |
861.325 |
890.010 |
890.637 |
|
Profit |
21.040 |
34.603 |
18.209 |
|
|
2.44% |
3.89% |
2.04% |
%20LIMITED%20-%20300914%2001-Jan-2015_files/image004.gif)
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 |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
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] |
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 |
No |
LITIGATION DETAILS:
|
BOMBAY HIGH COURT |
||||
|
LODGING NO.: ITXAL/1586/2011 |
FILLING DATE: 16.12.2011 |
REG. NO.: ITXA/99/2012
|
REG.: 11.09.2012 |
|
|
|
||||
|
PETITIONER:- |
THE COMMISSIONER OF INCOME TAX (CS) |
RESPONDENT. |
INTERVOLVE (INDIA) LIMITED |
|
|
PETN.: ADV. |
VIPUL ARUN BAJPAYEE (14135) |
|||
|
DISTRICT |
PUNE |
|||
|
|
|
|||
|
BENCH |
DIVISION |
|||
|
STATUS |
ADMITTED (UNREADY) |
CATEGORY: TAX APPEALS |
||
|
LAST DATE: |
26/03/2013 |
STAGE: FOR ADMISSION – FRESH |
||
|
LAST CORAM: |
HON’BLE SHRI JUSTICE J.P. DEVANDHAR HON’BLE SHRI JUSTICE
M.S. SANKLECHA |
|||
|
ACT. |
INCOME TAX ACT, 1961 UNDER
SECTION: 260A |
|||
UNSECURED LOAN
|
Particular |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Short-term borrowings |
|
|
|
Rupee term loans from banks |
31.804 |
45.289 |
|
Intercorporate borrowings |
0.000 |
14.012 |
|
Loans and advances from related parties |
107.479 |
117.479 |
|
Total |
139.283 |
176.780 |
FIXED ASSETS:
- Land
- Building
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Aircrafts helicopters
- Office equipment
- Plant and Machinery
- Computer
INDEX OF CHARGES:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10113920 |
09/04/2013 * |
140,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B74664731 |
|
2 |
10060720 |
09/06/2007 |
40,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A19373802 |
|
3 |
90083617 |
04/08/1989 |
1,000,000.00 |
BANK OF BARODA |
PUNE CHAMP. BRANCH, 2 MOLEDINA ROAD, PUNE, MAHARA |
- |
|
4 |
90089486 |
04/08/1989 |
2,100,000.00 |
BANK OF BARODA |
PUNE CAMP BRANCH, 2 MOLEDINA ROAD, PUNE, MAHARASH |
- |
|
5 |
90083616 |
24/07/1989 * |
3,500,000.00 |
BANK OF INDIA |
PUNE INDUSTRIAL FINANCE BRANCH, 6/7 SHIVAJINAGAR; UNIVERCITY ROAD, PUNE, MAHARASHTRA - 411005, INDIA |
- |
|
6 |
90089482 |
30/01/1993 * |
2,900,000.00 |
BANK OF BARODA |
PUNECHAMP BRANCH, 2 MOLEDINA ROAD, PUNE, MAHARAS |
- |
|
7 |
90083403 |
28/11/1991 * |
1,460,000.00 |
BANK OF BARODA |
PUNE CHAMP BRANCH, 2 MOLEDINA ROAD, POONA, MAHARASHTRA - 411001, INDIA |
- |
* Date of charge modification
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.63.33 |
|
|
1 |
Rs.98.58 |
|
Euro |
1 |
Rs.77.04 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
|
--PROFITABILITY |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.