MIRA INFORM REPORT
|
Report No. : |
330403 |
|
Report Date : |
03.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
LINK COMPOSITES PRIVATE LIMITED |
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|
|
|
Registered Office : |
Plot 3B+3, Unit-6, Opposite Ador Welding Limited, D-1 Block, MIDC, Chinchwad,
Pune – 411019, Maharashtra |
|
Tel. No.: |
91-20-30724590 |
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|
|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
17.07.2008 |
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Com. Reg. No.: |
11-132453 |
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Capital Investment
/ Paid-up Capital : |
Rs. 0.100 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U74900PN2008PTC132453 |
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|
|
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IEC No.: |
3108009851 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEL04756D |
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|
|
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PAN No.: [Permanent Account No.] |
AABCL4918L |
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|
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Exporter of Composites. |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 57800 |
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|
|
|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated during the year 2008.
It is dealing in the business of trading and exporting of companies. It has a
satisfactory track record. The company has decent business operation and it has good
profitability margin during the year under a review. In view of balance sheet for the FY-14, it has good financial risk
profile marked by average net worth position of the company. General
financial position of the company is normal and acceptable for business
dealings. Trade relations are reported as fair. Business is active. Payment
terms are slow but correct. The company can be considered 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 – 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
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
31-03-2013.
INFORMATION DENIED BY
|
Name : |
Ms. Vidya |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-9657716842 |
|
Date : |
02.07.2015 |
LOCATIONS
|
Registered/ Head Office : |
Plot 3B+3, Unit-6, Opposite Ador Welding Limited, D-1 Block, MIDC, Chinchwad,
Pune – 411019, Maharashtra, India |
|
Tel. No.: |
91-20-30724590/ 30727824 |
|
Fax No.: |
91-20-30724590/ 30727824 |
|
E-Mail : |
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|
Website : |
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|
|
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Branch Offices : |
v 5, A - J Complex, 281, Sadashiv Peth, Opposite Behere Classes, Pune - 411030, Maharashtra, India Telefax: 91-20-24339281 v
A-7, Rajlaxmi Commercial Complex, Thane
Bhiwandi Road, Kalher, v Plot No. U – 08, Kundaim Industrial Estate, Goa – 403115, India Tel. No. : 91-832-2395024 v Gat No 93 / 1A / 1 / 1, Grampanchayat Samiti Khed, Chimali No 0069, Taluka Khed, Pune, Maharashtra, India v Plot No. 656/A, 3rd Cross, Auto Nagar, KIADB, Belgaum, Karnataka, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Shriram Prabhakar Ranade |
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|
Designation : |
Director |
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|
Address : |
23/171, Vardan Behind Hindustan Bakery, Chinchwad, Pune – 411033,
Maharashtra, India |
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|
Date of Birth/Age : |
02.03.1973 |
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Date of Appointment : |
17.07.2008 |
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DIN No.: |
00535786 |
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Other Directorship :
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mrs. Sangeeta Shriram Ranade |
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Designation : |
Director |
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|
Address : |
H. No. 23, Vardan Behind Hindustan Bakery, Chinchwad, Pune – 411033,
Maharashtra, India |
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Date of Birth/Age : |
29.07.1977 |
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Date of Appointment : |
17.07.2008 |
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DIN No.: |
02171342 |
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Other Directorship :
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Shriram Prabhakar Ranade |
9000 |
90.00 |
|
Sangeeta Shriram Ranade |
1000 |
10.00 |
|
|
|
|
|
Total |
10000 |
100.00 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Exporter of Composites. |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
· HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel [West], Mumbai - 400013, Maharashtra, India |
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Facilities : |
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Auditors : |
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|
Name : |
DKV and Associates Chartered Accountants |
|
Address : |
B-6, Phase 1, Greenfield Society, Shivtirthnagar, Kothrud, Pune –
411038, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ALCPP4763A |
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Enterprises owned or significantly influenced by key management
personnel : |
· New Look Enterprises · A.S. Industries · Indus Polymers |
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Joint Venture : |
Link Composites (Karnataka) LLP |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 Million |
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 Million |
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|
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|
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 |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
20.147 |
14.664 |
6.922 |
|
(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) |
20.247 |
14.764 |
7.022 |
|
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
33.044 |
29.722 |
32.392 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.407 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
7.369 |
5.094 |
2.960 |
|
Total
Non-current Liabilities (3) |
40.413 |
34.816 |
35.759 |
|
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|
|
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(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
14.666 |
13.010 |
29.940 |
|
(b)
Trade payables |
98.946 |
114.438 |
53.330 |
|
(c)
Other current liabilities |
1.620 |
2.234 |
2.630 |
|
(d)
Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
115.232 |
129.682 |
85.900 |
|
|
|
|
|
|
TOTAL |
175.892 |
179.262 |
128.681 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
15.535 |
16.254 |
16.516 |
|
(ii)
Intangible Assets |
1.478 |
1.757 |
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 |
0.322 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.075 |
0.159 |
0.000 |
|
(d) Long-term Loan
and Advances |
7.818 |
5.349 |
4.560 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.211 |
|
Total
Non-Current Assets |
25.228 |
23.519 |
21.287 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
34.150 |
33.806 |
21.479 |
|
(c)
Trade receivables |
107.896 |
117.708 |
84.646 |
|
(d)
Cash and cash equivalents |
4.692 |
0.351 |
0.293 |
|
(e)
Short-term loans and advances |
3.926 |
3.878 |
0.976 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
150.664 |
155.743 |
107.394 |
|
|
|
|
|
|
TOTAL |
175.892 |
179.262 |
128.681 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
430.737 |
430.602 |
350.199 |
|
|
|
Other Income |
2.526 |
0.707 |
0.855 |
|
|
|
TOTAL |
433.263 |
431.309 |
351.054 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
423.022 |
419.222 |
346.043 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
10.241 |
12.087 |
5.011 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.874 |
1.606 |
1.250 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
8.367 |
10.481 |
3.761 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.885 |
2.738 |
1.318 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
5.482 |
7.743 |
2.443 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
14.664 |
6.921 |
4.478 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
20.146 |
14.664 |
6.921 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Traded Goods |
25.499 |
18.015 |
14.295 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
548.25 |
774.26 |
150.56 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.538 |
1.781 |
1.558 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.27 |
1.80 |
0.70 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.77 |
5.85 |
2.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.41 |
0.71 |
0.54 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.36 |
2.89 |
8.88 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.31 |
1.20 |
1.25 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
6.922 |
14.664 |
20.147 |
|
Net
worth |
7.022 |
14.764 |
20.247 |
|
|
|
|
|
|
Long-term borrowings |
32.392 |
29.722 |
33.044 |
|
Short term borrowings |
29.940 |
13.010 |
14.666 |
|
Total
borrowings |
62.332 |
42.732 |
47.710 |
|
Debt/Equity
ratio |
8.877 |
2.894 |
2.356 |
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 |
350.199 |
430.602 |
430.737 |
|
|
|
22.959 |
0.031 |
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 |
350.199 |
430.602 |
430.737 |
|
Profit |
2.443 |
7.743 |
5.482 |
|
|
0.70% |
1.80% |
1.27% |
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
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 three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10476185 |
30/01/2014 |
46,750,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B95734190 |
|
2 |
10159900 |
02/11/2013 * |
46,150,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B88684535 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Lease Premium payable |
0.000 |
0.112 |
|
Loans and Advances from related parties |
32.764 |
28.803 |
|
|
|
|
|
Total |
32.764 |
28.915 |
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from 15, Sagar
Complex, Kasarwadi, Nasik Phata, Pune – 411034, Maharashtra, India to the present
address w.e.f.01.07.2011.
NATURE OF
OPERATIONS
Subject carry on business as manufacturers, traders, importers,
exporters, stockiest, dealers, franchisee, consignor, consultants of various
composites of various particularly unsaturated polyester resin, isophthalic,
terephthalic and Vinyl ester Resins.
FIXED ASSETS:
· Land
· Buildings
· Plant and Machinery
· Furniture and Fixture
· Vehicles
· Computers
· Software
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. 63.57 |
|
|
1 |
Rs. 99.20 |
|
Euro |
1 |
Rs. 70.35 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
43 |
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.