MIRA INFORM REPORT
|
Report No. : |
304729 |
|
Report Date : |
27.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
MODERN
MALLEABLES LIMITED |
|
|
|
|
Registered
Office : |
53B, Mirza Ghalib Street, Kolkata – 700016, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
16.10.1982 |
|
|
|
|
Com. Reg. No.: |
035371 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.116.525 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L27101WB1982PLC035371 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM5669D |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Manufacturing of Hardware and Accessories. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (14) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track. As per Registrar of companies the date of balance sheet i.e.
financials filed is shown as 31st March, 2014 but the documents
related to the financials for the year 2014 are not available from any sources.
As per available financial of 2013, the company has incurred a huge
accumulated loss which has eroded the networth of the company. However, Business is active. Payment terms are slow. The company can be considered for business dealings on safe and
secured 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
CONTACT NO.: 91-33-22264904
LOCATIONS
|
Registered Office / Factory : |
53B, Mirza Ghalib Street, Kolkata – 700016, West Bengal, India |
|
Tel. No.: |
91-33-22264904 |
|
Fax No.: |
91-33-22492119 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 22.09.2014
|
Name : |
Bishwanath Jhunjhunwala |
|
Designation : |
Managing director |
|
Address : |
18/1A, Dr. U N Brahmachari Street, Kolkata – 700017, West Bengal,
India |
|
Date of Birth/Age : |
27.12.1949 |
|
Date of Appointment : |
16.10.1982 |
|
DIN No.: |
00331168 |
|
|
|
|
Name : |
Aloke Nath Choudhury |
|
Designation : |
Director |
|
Address : |
Siddhant Flat B, 35 Sahapur Main Road, Kolkata – 700038, West Bengal,
India |
|
Date of Birth/Age : |
03.03.1940 |
|
Date of Appointment : |
15.02.2006 |
|
DIN No.: |
00331221 |
|
|
|
|
Name : |
Mrinal Kumar Chowdhury |
|
Designation : |
Director |
|
Address : |
B-61, Shivalik, New Delhi – 110017, India |
|
Date of Appointment : |
24.03.2000 |
|
DIN No.: |
00477522 |
|
|
|
|
Name : |
Abhijit Biswas |
|
Designation : |
Nominee director |
|
Address : |
40/2/1Z, Lake Road, Kolkata – 700029, West Bengal, India |
|
Date of Appointment : |
06.05.2010 |
|
DIN No.: |
02801005 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Category of Shareholder |
Total No. of Shares |
Total Shareholding as a % of Total No. of Shares |
|
|
|
|
|
(A) Shareholding of Promoter
and Promoter Group |
||
|
|
|
|
|
|
46264350 |
39.70 |
|
|
17128600 |
14.70 |
|
|
63392950 |
54.40 |
|
|
|
|
|
Total shareholding of
Promoter and Promoter Group (A) |
63392950 |
54.40 |
|
|
|
|
|
(B) Public Shareholding |
||
|
|
|
|
|
Mutual Funds / UTI |
105300 |
0.09 |
|
|
3700 |
0.00 |
|
|
150000 |
0.13 |
|
|
54300 |
0.05 |
|
|
313300 |
0.27 |
|
|
|
|
|
|
48851000 |
41.92 |
|
|
|
|
|
|
3554550 |
3.05 |
|
|
189800 |
0.16 |
|
|
223400 |
0.19 |
|
|
223300 |
0.19 |
|
|
100 |
0.00 |
|
|
52818750 |
45.33 |
|
Total Public shareholding
(B) |
53132050 |
45.60 |
|
|
|
|
|
Total (A)+(B) |
116525000 |
100.00 |
|
|
|
|
|
(C) Shares held by Custodians
and against which Depository Receipts have been issued |
|
|
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
|
|
|
Total (A)+(B)+(C) |
116525000 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Hardware and Accessories. |
||||
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||||
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Products : |
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||||
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||||
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Brand Names : |
Not Divulged |
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||||
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Agencies Held : |
Not Divulged |
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|
||||
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Exports : |
Not Divulged |
||||
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|
|
||||
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Imports : |
Not Divulged |
||||
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|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
|
|
|
|
Customers : |
Not Divulged |
|
|
|
|
No. of Employees : |
Information declined by the management. |
|
|
|
|
Bankers : |
|
|
|
|
|
Facilities : |
--- |
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
B. R. KHAITAN & Chartered Accountants |
|
Address : |
132,
COTTON S
TRE E T , KOLKATA 700007, West
Bengal, India ANUJA
HOLDING PVT LTD |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AGBPK8400F |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Other related parties : |
|
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200,000,000 |
Equity Shares |
Rs.1/- each |
Rs. 200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
116,525,000 |
Equity Shares |
Rs.1/- each |
Rs.116.525
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
116.525 |
116.525 |
116.525 |
|
(b) Reserves &
Surplus |
(169.055) |
(168.294) |
(138.473) |
|
(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) |
(52.530) |
(51.769) |
(21.948) |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
45.000 |
45.000 |
45.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
22.323 |
22.213 |
22.213 |
|
(d) long-term provisions |
4.249 |
3.734 |
3.300 |
|
Total Non-current
Liabilities (3) |
71.572 |
70.947 |
70.513 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
63.683 |
62.260 |
7.300 |
|
(b) Trade payables |
319.119 |
249.473 |
182.520 |
|
(c) Other current
liabilities |
8.092 |
6.051 |
0.950 |
|
(d) Short-term provisions |
0.159 |
0.156 |
0.218 |
|
Total Current Liabilities
(4) |
391.053 |
317.940 |
190.988 |
|
|
|
|
|
|
TOTAL |
410.095 |
337.118 |
239.553 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
46.127 |
40.433 |
38.332 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
8.000 |
6.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
12.017 |
11.350 |
11.527 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
66.144 |
57.783 |
49.859 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
71.181 |
82.581 |
53.715 |
|
(c) Trade receivables |
221.478 |
160.601 |
86.355 |
|
(d) Cash and cash
equivalents |
15.244 |
8.836 |
9.575 |
|
(e) Short-term loans and
advances |
36.048 |
27.317 |
40.049 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
343.951 |
279.335 |
189.694 |
|
|
|
|
|
|
TOTAL |
410.095 |
337.118 |
239.553 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
690.845 |
455.400 |
295.105 |
|
|
Other Income |
70.449 |
2.336 |
3.668 |
|
|
TOTAL (A) |
761.294 |
457.736 |
298.773 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
614.445 |
399.618 |
232.978 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.022 |
0.312 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
21.636 |
(25.433) |
(15.546) |
|
|
Employees benefits
expense |
15.139 |
12.160 |
12.376 |
|
|
Other expenses |
105.638 |
97.030 |
71.005 |
|
|
TOTAL (B) |
756.858 |
483.397 |
301.125 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
4.436 |
(25.661) |
(2.352) |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
0.457 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.979 |
(25.661) |
(2.352) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION
(F) |
3.815 |
3.233 |
2.927 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
0.164 |
(28.894) |
(5.279) |
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
0.164 |
(28.894) |
(5.279) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NIL |
0.418 |
NIL |
|
|
TOTAL EARNINGS |
NIL |
0.418 |
NIL |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
0.00 |
(0.25) |
(0.05) |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.02 |
(6.34) |
(1.79) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
0.64 |
(5.63) |
(0.80) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.04 |
(8.73) |
(2.20) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.56 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(2.07) |
(2.07) |
(2.38) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.88 |
0.88 |
0.99 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
116.525 |
116.525 |
116.525 |
|
Reserves & Surplus |
(138.473) |
(168.294) |
(169.055) |
|
Net worth |
(21.948) |
(51.769) |
(52.530) |
|
|
|
|
|
|
long-term borrowings |
45.000 |
45.000 |
45.000 |
|
Short term borrowings |
7.300 |
62.260 |
63.683 |
|
Total borrowings |
52.300 |
107.260 |
108.683 |
|
Debt/Equity ratio |
(2.383) |
(2.072) |
(2.069) |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
295.105 |
455.400 |
690.845 |
|
|
|
54.318 |
51.701 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
295.105 |
455.400 |
690.845 |
|
Profit/Loss |
(5.279) |
(28.894) |
0.164 |
|
|
(1.79%) |
(6.34%) |
0.02% |
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from others |
45.000 |
45.000 |
|
Short-term
borrowings |
|
|
|
Other loans and advances, others |
63.683 |
62.260 |
|
|
|
|
|
Total |
108.683 |
107.26 |
UNAUDITED
FINANCIAL RESULTS FOR THE QUARTER ENDED 30.06.2014
(Rs.
in Millions)
|
Particulars |
Quarter Ended |
Year Ended |
||
|
30.06.2014 |
31.03.2014 |
30.06.2013 |
31.03.2014 |
|
|
Unaudited |
Unaudited |
Unaudited |
Audited |
|
|
|
|
|
|
|
|
Part - I |
|
|
|
|
|
1. Income from Operations |
|
|
|
|
|
(a) Net Sales/Income from Operations (Net of
Excise Duty) |
72.967 |
66.504 |
150.943 |
571.235 |
|
(b) Other
Operating Income |
0.462 |
3.184 |
0.877 |
14.888 |
|
Total Income from Operation |
73.429 |
69.688 |
151.820 |
586.123 |
|
|
|
|
|
|
|
2. Expenses |
|
|
|
|
|
(a) Cost
of materials consumed |
79.092 |
105.888 |
161.126 |
524.362 |
|
(b} Changes
in inventories of finished goods, work-in-progress and stock-in-trade |
1.600 |
(26.137) |
(30.965) |
(48.261) |
|
(c]
Employee benefits expense |
3.731 |
5.028 |
3.332 |
17.584 |
|
(d)
Depreciation and amortization expense |
1.222 |
1.277 |
1.212 |
4.988 |
|
(c) Other
expenses |
14.344 |
22.310 |
20.342 |
96.984 |
|
Total Expenses |
99.899 |
108.366 |
155.047 |
595.657 |
|
|
|
|
|
|
|
3.
Profit/(Loss) from Operations before Other Income, finance cost* and
Exceptional Items (1-2) |
(26.560) |
(38.678) |
(3.227) |
(9.534) |
|
|
|
|
|
|
|
4. Other
income |
0.027 |
0.027 |
1.285 |
0.107 |
|
|
|
|
|
|
|
6.
Profit/(Loss) from ordinary activities before finance costs and exceptional
Items (3+4) |
(26.533) |
(38.651) |
(1.942) |
(9.427) |
|
|
|
|
|
|
|
6. Finance
Costs |
0.005 |
0.000 |
0.014 |
0.032 |
|
|
|
|
|
|
|
7.
Profit/(Loss) from ordinary activities after finance costs but before
exceptional items (5-6) |
(26.538) |
(38.651) |
(1.956) |
(9.459) |
|
|
|
|
|
|
|
8. Exceptional
Hems |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
9.
Profit/(Loss) from ordinary activities before tax (7-8) |
(26.538) |
(38.651) |
(1.956) |
(9.459) |
|
|
|
|
|
|
|
10. Tax
Expense |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
11. Net
Profit/(Loss) for the period (9-10) |
(26.538) |
(38.651) |
(1.956) |
(9.459) |
|
|
|
|
|
|
|
12.
Minority Interest |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
13. Net
Profit/(Loss) after taxes, minority Interest and Share of Profit/(Loss) |
(26.538) |
(38.651) |
(1.956) |
(9.459) |
|
|
|
|
|
|
|
14.
Paid-up Equity Share Capital (Pace Value per share : Rs.1/- |
116.525 |
116.525 |
116.525 |
116.525 |
|
|
|
|
|
|
|
15.
Reserves excluding Revolution Reserve as per balance sheet of previous accounting
year |
-- |
-- |
-- |
(181.548) |
|
|
|
|
|
|
|
16.
Earning* per share of Rs.1/- each (Not
Annualised): |
|
|
|
|
|
Basic and
Diluted |
(0.23) |
(0.33) |
(0.02) |
(0.08) |
|
|
|
|
|
|
|
A.
PARTICULARS OF SHAREHOLDING |
|
|
|
|
|
Public
shareholding |
|
|
|
|
|
Number of
shares |
53132050 |
53132050 |
53132050 |
53132050 |
|
Percentage
of Shareholding |
45.60 |
45.60 |
45.60 |
45.60 |
|
|
|
|
|
|
|
Promoters and Promoter Group
Shareholding |
|
|
|
|
|
Pledged /encumbered |
|
|
|
|
|
Number of
shares |
-- |
-- |
-- |
-- |
|
Percentage
of shares (as a % of the total shareholding of promoter and promoter group) |
-- |
-- |
-- |
-- |
|
Percentage
of shares (as a % of the total share capital of the company) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Non-encumbered |
|
|
|
|
|
Number of
shares |
63392950 |
63392950 |
63392950 |
63392950 |
|
Percentage
of shares (as a % of the total shareholding of promoter and promoter group] |
100.00 |
100.00 |
100.00 |
100.00 |
|
Percentage
of shares (as a % of the total share capital of the company) |
100.00 |
100.00 |
100.00 |
100.00 |
NOTE :
1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on August 13, 2014.
2. There are no exceptional/ extra ordinary items.
3. The figures of previous period have been regrouped / rearranged wherever necessary.
CHARGES
|
Bank |
Branch |
Quarter |
D&B D-U-N-S® Number |
Borrower Name |
Outstanding Amount (Rs. in Millions) |
|
|
|
|
|
|
|
|
UNITED BANK OF INDIA |
OVERSEAS |
31-03-12 |
|
11.800 |
FIXED ASSETS
- Free Hold Land
- Lease Hold Land
- Buildings
- Plant and Machinery
- Office Equipments
- Furniture and Fixtures
- Computers
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.61.50 |
|
|
1 |
Rs.92.16 |
|
Euro |
1 |
Rs.69.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
14 |
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.