MIRA INFORM REPORT

 

 

Report No. :

329430

Report Date :

01.07.2015

 

IDENTIFICATION DETAILS

 

Name :

RANJANA NEWSPRINT IMPORTS PRIVATE LIMITED

 

 

Registered Office :

517, Vyapar Bhuvan, 49 Pdemello Road, Carnac Bunder, Mumbai – 400009, Maharashtra

Tel. No.:

91-22-23700295

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

30.06.1992

 

 

Com. Reg. No.:

11-067488

 

 

Capital Investment / Paid-up Capital :

Rs. 10.000 Million

 

 

CIN No.:

[Company Identification No.]

U51396MH1992PTC067488

 

 

IEC No.:

0394076028

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMR09717B

                        

 

 

PAN No.:

[Permanent Account No.]

AAACR6701J

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Importer and Trader of Newsprint and pulp

 

 

No. of Employees :

22 (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 120000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated on 30th June 1992, is established company having moderate track record. The company trades in paper, such as newsprint, light-weight coated paper, art paper, and white printing paper.

 

The ratings are constrained by the small size of operations of the company and the weak profitability indicators marked by companies highly leveraged capital structure.

 

Further, the company’s profitability remains exposed to any sharp downturn in paper prices that could result in inventory losses.

 

However, trade relations are seem to be fair. Business is active. Payment terms are reported as slow at times.

 

In view of long track record of the company, the subject can be considered for business dealings with 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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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

ICRA

Rating

Fund based limits BB- (Suspended)

Rating Explanation

Moderate risk of default regarding timely servicing and high credit risk.

Date

March 2014

 

Rating Agency Name

ICRA

Rating

Non fund based limits A4 (Suspended)

Rating Explanation

Minimal degree of safety and very high credit risk.

Date

March 2014

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2013.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Sunil

Designation :

Accounts Manager

Contact No.:

91-22-26561587

Date :

26.06.2015

 

 

LOCATIONS

 

Registered Office :

517, Vyapar Bhuvan, 49 Pdemello Road, Carnac Bunder, Mumbai – 400009, Maharashtra, India

Tel. No.:

91-22-23700293 / 23480296 / 23482294

Fax No.:

91-22-23700295

E-Mail :

rahul@rakg.in

ubl123@gamil.com

Website :

http://www.rnipl.com

Location :

Owned

Locality :

Commercial

 

 

Corporate Office : 

803, Naman Centre, G Block, BKC, Bandra (East), Mumbai, Maharashtra, India

Tel. No.:

91-22-26566514 / 26561587

Location :

Owned

Locality :

Commercial

 

 

Warehouse :

Paper Cutting Works, Gala No.306, Raghunath Compound, Wal Village, Rahanal, Thane-Bhiwandi Road, Maharashtra, India

Location :

Owned

 

 

DIRECTORS

 

AS ON: 30.09.2014

 

Name :

Mr. Anil Bishandas Kapoor

Designation :

Chairman cum Managing Director

Address :

401, Snehal Building, Zig Zag Road, Pali Hill, Bandra, Mumbai – 400050, Maharashtra, India

Date of Birth/Age :

14.11.1960

Date of Appointment :

30.06.1992

DIN No.:

01266111

Other Directorship:

S. No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U51396MH1992PTC067488

RANJANA NEWSPRINT IMPORTS PRIVATE LIMITED

Director

30/06/1992

30/06/1992

-

Active

NO

2

U63040MH1995PTC095568

FAIRDEAL SHIPPING AGENCY PRIVATE LIMITED

Director

10/01/1996

10/01/1996

17/09/2009

Active

NO

3

U51109MH2011PLC214044

ABK INDUSTRIES LIMITED

Director

25/02/2011

25/02/2011

-

Active

NO

 

 

Name :

Ms. Swati Anil Kapoor

Designation :

Director

Address :

Sneha Co-operative Housing Society, Zig Zag Road, 4th Floor, Pali Hill, Bandra (West), Mumbai – 400050, Maharashtra, India

Date of Birth/Age :

06.10.1960

Date of Appointment :

01.12.2008

DIN No.:

02353459

Other Directorship:

S .No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U51396MH1992PTC067488

RANJANA NEWSPRINT IMPORTS PRIVATE LIMITED

Director

14/09/2011

01/12/2008

-

Active

NO

 

 

Name :

Mr. Raghav Anil Kapoor

Designation :

Director

Address :

Snehal Co-operative Housing Society, 601, 701, 6th and 7th Floor, Zig Zag Road, 4th Floor, Pali Hill, Bandra (West), Mumbai – 400050, Maharashtra, India

Date of Birth/Age :

21.08.1985

Date of Appointment :

01.07.2010

DIN No.:

03149711

Other Directorship:

S. No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U51396MH1992PTC067488

RANJANA NEWSPRINT IMPORTS PRIVATE LIMITED

Director

01/07/2010

01/07/2010

-

Active

NO

2

U51109MH2011PLC214044

ABK INDUSTRIES LIMITED

Whole-time director

30/03/2012

25/02/2011

-

Active

NO

 

 

Name :

Mr. Rahul Kapoor

Designation :

Director

Address :

401, Snehal Co-operative Housing Society, Zig Zag Road, Pali Hill, Bandra (West), Mumbai – 400050, Maharashtra, India

Date of Birth/Age :

11.02.1988

Date of Appointment :

20.11.2012

DIN No.:

03326191

Other Directorship:

S. No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U51109MH2011PLC214044

ABK INDUSTRIES LIMITED

Director

25/02/2011

25/02/2011

-

Active

NO

2

U51396MH1992PTC067488

RANJANA NEWSPRINT IMPORTS PRIVATE LIMITED

Director

27/09/2013

20/11/2012

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Kumudini Sparanjape

Designation :

Company Secretary

 

 

MAJOR SHAREHOLDERS

 

AS ON: 30.09.2014

 

Names of Shareholders

No. of Shares

%age holding

Anil Bishandas Kapoor      

80500

80.50

Swati Anil Kapoor

9800

9.80

Raghav Anil Kapoor

9700

9.70

 

 

 

Total

100000

100.00

 

 

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 :

Importer and Trader of Newsprint and pulp

 

 

Products :

Not Divulged

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :

Finished Goods

Countries :

Dubai

 

 

Imports :

 

Products :

News Print Pulp

Countries :
  • Canada
  • United States of America
  • China

 

 

Terms :

 

Selling :

Cash and Credit (120 Days)

 

 

Purchasing :

Cash and Credit (120 Days)

 

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

P G Paper, Japan

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged
  • ABK Industries Limited
  • Amita Papers
  • Cargo Carriers
  • CD World
  • Chaitanya Logistics Private Limited
  • Charming Printing and Graphics Private Limited
  • Kasturi International Private Limited
  • Online Sea and Air Services
  • Prime Paper Process
  • Regal Solutions Private Limited
  • S. R. Financial Services

 

 

Customers :

Retailers and End Users

 

Reference :

Rajhans Publications

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged
  • Amoda Publications Private Limited
  • Achievement Merchandise Private Limited
  • Anaswara Offset Private Limited
  • Anil Agencies
  • Anoushka Impex Private Limited
  • Axon Packaging Paper Boards Private Limited
  • Business India Publications Limited
  • Eskay Bee International Private Limited
  • Fairdeal Shipping Agency Private Limited
  • Ganesh Paper Mart
  • Geetanjali Graphics
  • Goel Industry

 

 

No. of Employees :

22  (Approximately)

 

 

Bankers :

Banker Name

Standard Chartered Bank

Branch Address

SME Credit, Crescenzo, 3A/F, Plot No. C-38 and 39, G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India

Person Name (With Designation)

Not Divulged

Contact Number

91-22-39404444/66014444

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

OD, CC and Buyer Credit = Rs.140.000 Million

Account Operation

Not Divulged

Remarks (If any)

Not Responding
  • The Federal Bank Limited, Rajgir Court, 6 Kohinoor Road, Dadar (East), Mumbai – 400014, Maharashtra, India
  • Deutsche Bank AG, Ground Floor, Kodak House, 222 D.N. Road, Fort, Mumbai – 400001, Maharashtra, India

 

 

Auditors :

 

 

Name :

U B Lakhani and Company

Chartered Accountants

 

Address :

A-202, Neelkanth Dhara, N. S. Road, Mulund (West), Mumbai – 400080, Maharashtra, India

 

Tel. No.:

91-22-25905491 / 92

 

Fax No.:

91-22-25905472

 

E-Mail :

lakhaniub@gmail.com

 

PAN No.:

AAAFU1785A

 

 

 

 

Memberships :

Not available

 

 

 

 

Collaborators :

Not available

 

 

 

 

Associates/Subsidiaries :

Not available

 

 

 

CAPITAL STRUCTURE

 

AS ON: 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

100000

Equity Shares

Rs.100/- each

Rs. 10.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

100000

Equity Shares

Rs.100/- each

Rs. 10.000 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

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

10.000

10.000

10.000

(b) Reserves & Surplus

35.106

34.273

31.954

(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)

45.106

44.273

41.954

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

125.204

117.645

36.482

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(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)

125.204

117.645

36.482

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

113.077

96.477

45.074

(b) Trade payables

197.079

53.573

89.514

(c) Other current liabilities

6.710

2.977

0.893

(d) Short-term provisions

0.177

1.048

1.576

Total Current Liabilities (4)

317.043

154.075

137.057

 

 

 

 

TOTAL

487.353

315.993

215.493

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

95.598

94.615

3.249

(ii) Intangible Assets

0.000

0.000

0.007

(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

3.740

3.740

0.000

(c) Deferred tax assets (net)

0.128

0.035

0.000

(d)  Long-term Loan and Advances

28.181

25.963

23.846

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

127.647

124.353

27.102

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

1.140

1.140

1.140

(b) Inventories

101.404

29.978

42.566

(c) Trade receivables

232.951

127.603

122.001

(d) Cash and cash equivalents

10.753

22.921

15.796

(e) Short-term loans and advances

7.176

8.644

5.271

(f) Other current assets

6.282

1.354

1.617

Total Current Assets

359.706

191.640

188.391

 

 

 

 

TOTAL

487.353

315.993

215.493

 

 

PROFIT & LOSS ACCOUNT

 

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

 

 

TOTAL INCOME

469.376

405.010

340.274

 

 

 

 

 

 

EXPENSES

 NA

 NA

 NA

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION

7.037

5.959

 NA

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

1.253

5.203

 NA

 

 

 

 

 

 

TAX

 NA

 NA

 NA

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

0.833

3.476

4.323

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

8.33

34.76

43.23 

 

 

Particulars

 

 

 

31.03.2015

Sales Turnover (Approximately)

 

 

460.000

 

 

 

 

 

Expected Sales (2015-2016): Rs.600.000 Million

 

The above information has been parted by Mr. Sunil (Accounts Manager).

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

NA

NA

NA

Cash generated from operations

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

0.18

0.86

1.27

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

0.26

1.67

NA

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.03

0.12

NA

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

5.28

4.84

1.94

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.13

1.24

1.37

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

10.000

10.000

10.000

Reserves & Surplus

31.954

34.273

35.106

Net worth

41.954

44.273

45.106

 

 

 

 

long-term borrowings

36.482

117.645

125.204

Short term borrowings

45.074

96.477

113.077

Total borrowings

81.556

214.122

238.281

Debt/Equity ratio

1.944

4.836

5.283

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

340.274

405.010

469.376

 

 

19.025

15.892

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

340.274

405.010

469.376

Profit

4.323

3.476

0.833

 

1.27%

0.86%

0.18%

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check list by info agents

Available in Report (Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

No

5

Buyer visit details

--

6

Contact numbers

Yes

7

Name of the person contacted

Yes

8

Designation of contact person

Yes

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

No

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

Yes

16

No. of employees

Yes

17

Details of sister concerns

No

18

Major suppliers

Yes

19

Major customers

Yes

20

Banking Details

Yes

21

Banking facility details

No

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

Yes

26

Turnover of firm for last four years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

Yes

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

Yes

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

REVIEW:

 

This is being 22nd year of the business activity, they will observe that the turnover of the company has increased. The directors are hopeful of achieving better results in the current year.

 

 

UNSECURED LOAN

 

PARTICULARS

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

LONG TERM BORROWING

 

 

Loans and Advances from Related Parties

 

 

Anil Kapoor –Loan

42.200

32.246

Raghav Kapoor – Loan

7.000

7.000

Total

49.200

39.246

 

 

INDEX OF CHARGES”

 

S. NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10532935

26/11/2014

125,000,000.00

KOTAK MAHINDRA BANK LIMITED

27BKC, C 27, G BLOCK, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI, MAHARASHTRA - 400051, INDIA

C34666958

2

10456296

30/08/2013

10,000,000.00

DEUTSCHE BANK AG

GROUND FLOOR, KODAK HOUSE, 222 D.N. ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA

B88046628

3

10441340

17/06/2013

140,000,000.00

STANDARD CHARTERED BANK

SME CREDIT, CRESCENZO, 3A/F, PLOT NO. C-38 AND  39, G BLOCK, BANDRA KURLA COMPLEX, BANDRA EAST, MUMBAI, MAHARASHTRA - 400051, INDIA

B81338055

4

10392276

19/11/2012

74,900,000.00

STANDARD CHARTERED BANK

STANDARD CHARTERED TOWER, 201, B/1 WESTERN EXPRESS HIGHWAY, GOREGAON (EAST), MUMBAI, MAHARASHTRA - 400063, INDIA

B64255292

5

10367779

25/06/2012

70,000,000.00

THE FEDERAL BANK LIMITED

RAJGIR COURT, 6, KOHINOOR ROAD, DADAR(EAST), MUMBAI, MAHARASHTRA - 400014, INDIA

B44605988

6

10367771

25/06/2012

110,000,000.00

THE FEDERAL BANK LIMITED

RAJGIR COURT, 6 KOHINOOR ROAD, DADAR (EAST), MUMBAI, MAHARASHTRA - 400014, INDIA

B44604940

7

10367761

25/06/2012

119,000,000.00

THE FEDERAL BANK

RAJGIR COURT, 6, KOHINOOR ROAD, DADAR(EAST), MUMBAI, MAHARASHTRA - 400014, INDIA

B44602720

8

90162817

26/05/2008 *

157,500,000.00

THE FEDERAL BANK LIMITED

RAJGIR COURT, 6, KOHINOOR ROAD, DADAR-EAST, MUMBAI, 
MAHARASHTRA - 400014, INDIA

A40195968

9

90165033

06/04/2004 *

10,000,000.00

THE FEDERAL BANK LIMITED

BR. DADAR EAST, MUMBAI, MAHARASHTRA - 400014, INDIA

-

10

90166251

28/09/1995 *

10,000,000.00

THE FEDERAL BANK LIMITED

BR. DADAR WEST., MUMBAI, MAHARASHTRA - 400014, INDIA

 

* Date of charge modification

 

 

FIXED ASSETS:

 

Freehold Building

Freehold Plant and Equipment

Freehold Furniture and Fixture

Freehold Vehicles

Freehold Office Equipment

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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. 63.92

UK Pound

1

 Rs. 100.40

Euro

1

Rs. 70.41

 

 

INFORMATION DETAILS

 

Information Gathered by :

GYT

 

 

Analysis Done by :

KAS

 

 

Report Prepared by :

THR/ GTA

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

4

PAID-UP CAPITAL

1~10

4

OPERATING SCALE

1~10

4

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

4

--PROFITABILITY

1~10

3

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--RESERVES

1~10

3

--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

YES

--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

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.