MIRA INFORM REPORT
|
Report Date : |
01.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
UNICOM INFOTEL PRIVATE LIMITED (w.e.f. 25.08.2003) |
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|
|
Formerly Known
As : |
UNICOM OFFICE AUTOMATION PRIVATE LIMITED |
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Registered
Office : |
C 315-320, Solaris I, Opposite L and T, Gate No. 6, Saki Vihar Road, Powai, Mumbai – 400072,
Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
23.09.1996 |
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Com. Reg. No.: |
11-102771 |
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Capital
Investment / Paid-up Capital : |
Rs. 2.606 Millions |
|
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|
|
CIN No.: [Company Identification
No.] |
U32202MH1996PTC102771 |
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|
IEC No.: |
Not Available |
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|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMU02527A |
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PAN No.: [Permanent Account No.] |
AAACU1355P |
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|
Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Subject is Primarily Engaged in System Integration of Telecom, IT, and
Office Automation Products. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Overall financial position of the company is sound and healthy. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered for business dealing 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.
EXTERNAL AGENCY RATING
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 BY
|
Name : |
Mr. M Vaidya Nathan |
|
Designation : |
Accounts Manager |
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Contact No.: |
91-22-40073000 |
|
Date : |
31.12.2014 |
LOCATIONS
|
Registered Office / Head Office : |
C 315-320, Solaris I, Opposite L and
T, Gate No. 6, Saki Vihar Road,
Powai, Mumbai – 400072, Maharashtra, India
|
|
Tel. No.: |
91-22-40073000/ 28575677 |
|
Mobile No.: |
91-9322748476 (Mr. Vaidya Nathan) |
|
Fax No.: |
91-22-28575637 |
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E-Mail : |
bharat.thakker@unicominfotel.com
|
|
Website : |
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|
Area : |
2500 sq. ft. |
|
Location : |
Owned |
|
|
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|
Regional Office : |
Plot No – 1, Indra Towers, Krishnanagar Colony, Wellington Road,
Picket, Secunderabad – 500009, Hyderabad, India |
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Tel No.: |
91-40-40354035 |
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Branch Office : |
Located at ·
Pune ·
New Delhi ·
Kolkata ·
Bhubaneswar ·
Coimbatore ·
Kochi ·
Chennai ·
Bengaluru ·
Patna ·
Ranchi ·
Ahmedabad |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Jay Bharat Thakker |
|
Designation : |
Director |
|
Address : |
14, Yeshwant Nagar, 53 S V Road, Andheri (West), Mumbai – 400058,
Maharashtra, India |
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Date of Birth/Age : |
12.07.1976 |
|
Date of Appointment : |
23.09.1996 |
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DIN No.: |
00350587 |
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|
Name : |
Mr. Balraj Sabhandas Tekchandaney |
|
Designation : |
Director |
|
Address : |
Flat No. 502, Anmol, Powai Vihar Complex, Pawai, Mumbai – 400072,
Maharashtra, India |
|
Date of Birth/Age : |
20.03.1956 |
|
Date of Appointment : |
23.09.1996 |
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DIN No.: |
00391571 |
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Name : |
Mr. Inder Wadhumal Tekchandaney |
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Designation : |
Director |
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Address : |
4, |
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Date of Birth/Age : |
14.03.1941 |
|
Date of Appointment : |
23.09.1996 |
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DIN No.: |
01388771 |
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Name : |
Mr. Bharat Mahendrabhai Thakker |
|
Designation : |
Whole Time Director |
|
Address : |
14, Yeshwant Nagar, 53 S V Road, Andheri (West), Mumbai – 400058,
Maharashtra, India |
|
Date of Birth/Age : |
27.10.1949 |
|
Date of Appointment : |
21.04.1997 |
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DIN No.: |
02027462 |
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Name : |
Mr. Vinod Gobind Tekchandaney |
|
Designation : |
Director |
|
Address : |
Denzil B/303-304, 3rd Cross Road, Andheri, Mumbai – 400053,
Maharashtra, India |
|
Date of Birth/Age : |
14.02.1970 |
|
Date of Appointment : |
23.09.1996 |
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DIN No.: |
02331646 |
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Name : |
Mr. Jayesh Ramesh Tekchandaney |
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Designation : |
Director |
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Address : |
B-29, Vasuki, 7th Road, Rajawadi, Ghatkopar, Mumbai –
400077, Maharashtra, India |
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Date of Birth/Age : |
22.12.1976 |
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Date of Appointment : |
23.09.1996 |
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DIN No.: |
02395418 |
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Name : |
Mr. Vaidyanathan Ganapathy |
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Designation : |
Director |
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Address : |
Flat No. 505, Smr Vinay Signature Apartment Mettuguda – 500017, Andhra Prakash, India |
|
Date of Birth/Age : |
26.08.1972 |
|
Date of Appointment : |
08.05.2006 |
|
DIN No.: |
02348254 |
KEY EXECUTIVES
|
Name : |
Mr. M Vaidya Nathan |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Bharat Mahendra Thakker |
|
7505 |
|
Veena Bharat Thakker |
|
5750 |
|
Bharat Thakker HUF |
|
13920 |
|
Jay Bharat Thakker |
|
14295 |
|
Khyati Bharat Thakker |
|
13250 |
|
Jeet Arun Thakker |
|
7820 |
|
Balraj Sabhandas Tekchandancey |
|
19870 |
|
Inder Wadhumal Tekchandaney |
|
11600 |
|
Madhur Inder Tekchandaney |
|
11175 |
|
Mayur Inder Tekchandaney |
|
17288 |
|
Ramesh Sabhandas Tekchandancey |
|
15150 |
|
Jyoti Ramesh Tekchandancey |
|
11250 |
|
Ramesh S Tekchandancey HUF |
|
11520 |
|
Jayesh Ramesh Tekchandancey |
|
15000 |
|
Purvi Jayesh Tekchandancey |
|
1800 |
|
Vinod Gobind Tekchandaney |
|
18700 |
|
Manoj Gobind Tekchandaney |
|
18000 |
|
Anita Gobind Tekchandaney |
|
17020 |
|
Vinod Tekchandaney (HUF) |
|
1000 |
|
Gobind Wadhumal Tekchandaney |
|
15637 |
|
Ganapathy Vaidyanathan |
|
13020 |
|
Unique Mixers and Furnaces Private Limited |
|
10 |
|
Unicom Finance Private Limited |
|
10 |
|
Total |
|
260590 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Solutions for Office Automation and IT Products. |
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Products : |
Not Divulged |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: Not Divulged
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
A. D. Lalwani and Associates Chartered Accountants |
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Address : |
4 – A, Ground Floor, diamond Trading Centre, Khatau Wadi, Goregaonkar
Lane, Raja Rammohan Ray Road, Charni Road (East), Mumbai – 400004, Maharashtra,
India |
|
Tel. No.: |
91-22-23865363 / 23811714 / 40045363 / 26609797 |
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Mobile No.: |
91-9821118801 / 9320465666 / 9222011995 |
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Fax No.: |
91-22-23811714 |
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E-Mail : |
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PAN No.: |
AAEFA9378B |
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TAN No.: |
MUMA34753F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
260590 |
Equity Shares |
Rs.10/- each |
Rs. 2.606 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
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|
I.
EQUITY AND LIABILITIES |
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|
|
|
(1)Shareholders' Funds |
|
|
|
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(a) Share Capital |
2.606 |
2.606 |
2.606 |
|
(b) Reserves &
Surplus |
39.455 |
32.531 |
24.995 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’ Funds
(1) + (2) |
42.061 |
35.137 |
27.601 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
60.235 |
59.757 |
42.258 |
|
(b) Deferred tax
liabilities (Net) |
0.728 |
0.364 |
0.339 |
|
(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) |
60.963 |
60.121 |
42.597 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
20.267 |
5.826 |
15.777 |
|
(b) Trade payables |
46.509 |
33.553 |
37.425 |
|
(c) Other current
liabilities |
27.000 |
21.563 |
19.565 |
|
(d) Short-term provisions |
15.582 |
11.416 |
12.449 |
|
Total Current Liabilities
(4) |
109.358 |
72.358 |
85.216 |
|
|
|
|
|
|
TOTAL |
212.382 |
167.616 |
155.414 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
23.130 |
20.093 |
20.141 |
|
(ii) Intangible Assets |
0.653 |
0.871 |
1.162 |
|
(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 |
0.100 |
0.100 |
0.100 |
|
(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 |
4.026 |
2.568 |
2.736 |
|
Total Non-Current Assets |
27.909 |
23.632 |
24.139 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
42.711 |
42.143 |
30.690 |
|
(c) Trade receivables |
110.266 |
76.981 |
76.899 |
|
(d) Cash and cash
equivalents |
8.099 |
9.737 |
9.676 |
|
(e) Short-term loans and
advances |
20.075 |
11.746 |
1.290 |
|
(f) Other current assets |
3.322 |
3.377 |
12.720 |
|
Total Current Assets |
184.473 |
143.984 |
131.275 |
|
|
|
|
|
|
TOTAL |
212.382 |
167.616 |
155.414 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
487.523 |
434.425 |
366.907 |
|
|
Other Income |
4.720 |
6.476 |
4.288 |
|
|
TOTAL (A) |
492.243 |
440.901 |
371.195 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
355.034 |
330.539 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
268.491 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(0.567) |
(11.453) |
0.822 |
|
|
Employees benefits
expense |
74.415 |
62.816 |
51.024 |
|
|
Other expenses |
37.982 |
35.247 |
29.704 |
|
|
TOTAL (B) |
466.864 |
417.149 |
350.041 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
25.379 |
23.752 |
21.154 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
11.070 |
8.906 |
7.544 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
14.309 |
14.846 |
13.610 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.911 |
3.479 |
3.341 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
10.398 |
11.367 |
10.269 |
|
|
|
|
|
|
|
Less |
TAX (H) |
3.475 |
3.831 |
3.131 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
6.923 |
7.536 |
7.138 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Others |
2.911 |
5.570 |
NA |
|
|
TOTAL EARNINGS |
2.911 |
5.570 |
NA |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Traded Goods |
3.219 |
1.652 |
NA |
|
|
TOTAL IMPORTS |
3.219 |
1.652 |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
26.57 |
28.92 |
27.39 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
1.42 |
1.73 |
1.95 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
5.21 |
5.47 |
5.77 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.90 |
6.79 |
6.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25 |
0.32 |
0.37 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.91 |
1.87 |
2.10 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.69 |
1.99 |
1.54 |
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 |
2.606 |
2.606 |
2.606 |
|
Reserves & Surplus |
24.995 |
32.531 |
39.455 |
|
Net worth |
27.601 |
35.137 |
42.061 |
|
|
|
|
|
|
long-term borrowings |
42.258 |
59.757 |
60.235 |
|
Short term borrowings |
15.777 |
5.826 |
20.267 |
|
Total borrowings |
58.035 |
65.583 |
80.502 |
|
Debt/Equity ratio |
2.103 |
1.866 |
1.914 |
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 |
366.907 |
434.425 |
487.523 |
|
|
|
18.402 |
12.223 |
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 |
366.907 |
434.425 |
487.523 |
|
Profit |
7.138 |
7.536 |
6.923 |
|
|
1.95% |
1.73% |
1.42% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF LONG TERM DEBTS
|
Particulars |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
Current maturities of long term borrowings |
1.381 |
1.098 |
|
Total |
1.381
|
1.098 |
|
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 |
No |
|
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 |
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 |
No |
OPERATION
The Company has performed well in its chosen business areas in FY 2013-14 reporting a 10.89 % growth in Total Income. The Company has opened Offices in Ranchi and Ahmedabad in FY 2013-14 and this has led to an increase in Finance Cost. Its PBT has dropped by 9.32% as compared to FY 2012-13.
The external environment continues to be volatile even as we move into FY 2014-15. However, the company looks forward to continuing on its path of growth, building on experience of dealing with difficult market conditions from the previous years.
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Term Loans |
|
|
|
Director |
10.036 |
11.952 |
|
Others |
50.029 |
46.254 |
|
Total |
60.065 |
58.206 |
VIEW INDEX OF
CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10481466 |
07/01/2014 |
10,000,000.00 |
TJSB SAHAKARI BANK LIMITED |
10, 11 TIPTOP PLAZA, WAGLE ESTATE, THANE, Maharashtra - 400604, INDIA |
B98010614 |
|
2 |
10273585 |
07/01/2014 * |
10,000,000.00 |
TJSB SAHAKARI BANK LIMITED |
10, 11 TIPTOP PLAZA, WAGLE ESTATE, THANE, Maharashtra - 400604, INDIA |
B98009780 |
|
3 |
10273584 |
18/02/2011 |
5,000,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
TIP- TOP PLAZA, WAGLE ESTATE, THANE, Maharashtra - 400604, INDIA |
B07825771 |
|
4 |
10094213 |
18/08/2007 |
3,000,000.00 |
The Thana Janata Sahakari Bank |
Tip Top Plaza, Wagle Estate, Thane, Maharashtra - 400604, INDIA |
A34819235 |
|
5 |
10020488 |
13/09/2006 |
3,500,000.00 |
The Thane Janata Sahakari Bank Limited |
Tip Top Plaza, Wagle Estate, Thane, Maharashtra - 400604, INDIA |
A05068457 |
|
6 |
80037024 |
22/03/2005 |
5,438,000.00 |
THANE JANATA SAHAKARI BANK LTD. |
WAGLE STATE, THANE, Maharashtra - 400601, INDIA |
- |
|
7 |
90160154 |
16/12/2002 |
500,000.00 |
THE THANE JANATA SAHAKARI BANK LTD. |
WAGLE ESTATE BRANCH; P/27; ROAD NO. 16; BIHIND TMA, WAGLE INDUSTRIAL ESTATE, THANE, Maharashtra - 400604, INDIA |
- |
|
8 |
90159627 |
21/11/2014 * |
60,000,000.00 |
TJSB Sahakari Bank Limited |
10, 11 TIPTOP PLAZA, WAGLE ESTATE, THANE, Maharashtra - 400604, INDIA |
C38351961 |
* Date of charge modification
FIXED ASSETS
- Land
- Office
Premises
- Plant and
Machinery
- Furniture and
Fixture
- Electrical
Fitting
- Computer
- Vehicles
- Office
Equipments
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. 77.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
TRU |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
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 |
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 |
|
46 |
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.