MIRA INFORM REPORT
|
Report No. : |
330593 |
|
Report Date : |
04.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
ASPEN INTERNATIONAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
701, Embassay Centre, Nariman, Point, Mumbai – 400021, Maharashtra |
|
Tel. No.: |
91-22-22824444 / 40098900 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
05.07.2005 |
|
|
|
|
Com. Reg. No.: |
11-154481 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 30.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH2005PTC154481 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCA2740R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader, Importer, Exporter and distributors of chemicals, metals and
polymers. |
|
|
|
|
No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of “Groupe Veritas”. It is an established company
having satisfactory track. The company possesses a favourable financial profile marked by acceptable
networth base and cash reserves along with moderately leveraged position. Management has reported a consistent growth in scale of operations
characterized by increase in its sales volume whereas, has reported a decline
in its net profitability during FY14. The ratings also take into consideration the thin profitability
margins of the company on account of the trading nature of business along
with highly competitive environment. Moreover, the risks associated with the volatility in commodity prices
of key traded products should be taken into account. However, trade relations are fair. Business is active. Payment terms
are reported as usually correct. In view of extensive experience of the promoters and key management personnel,
the subject 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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating “BBB+” |
|
Rating Explanation |
Moderate degree of safety and moderate credit
risk. |
|
Date |
22.12.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating “A2” |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
22.12.2014 |
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. Nikunj Sanghavi |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-22824444 |
|
Date : |
03.07.2015 |
LOCATIONS
|
Registered Office / Warehouse : |
701, Embassay Centre, Nariman Point, Mumbai – 400021, Maharashtra,
India |
|
Tel. No.: |
91-22-22824444 / 40098900 |
|
Fax No.: |
91-22-22824440 / 22041411 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Nitinkumar Dindayal Didwania |
|
Designation : |
Director |
|
Address : |
172, Kshitij, 47, Nepeansea Road, Mumbai – 400036, Maharashtra, India |
|
Date of Birth/Age : |
23.06.1974 |
|
Date of Appointment : |
05.07.2005 |
|
DIN No.: |
00210289 |
|
|
|
|
Name : |
Mr. Kunal Suresh Sharma |
|
Designation : |
Director |
|
Address : |
12, Bule Heaven Mount Pleasant Road, Mlalabar Hill, Mumbai – 400006,
Maharashtra, India |
|
Date of Birth/Age : |
10.08.1969 |
|
Date of Appointment : |
28.09.2012 |
|
DIN No.: |
03553398 |
|
|
|
|
Name : |
Mr. Saurabh Dipak Sanghvi |
|
Designation : |
Director |
|
Address : |
66, Kamal Building, 69, Walkshwar Road, Mumbai – 400006, Maharashtra,
India |
|
Date of Birth/Age : |
05.08.1974 |
|
Date of Appointment : |
28.09.2012 |
|
DIN No.: |
02000411 |
KEY EXECUTIVES
|
Name : |
Mr. Nikunj Sanghavi |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Nitinkumar Didwania |
|
2995000 |
|
Sushmadevi Didwania |
|
5000 |
|
Total |
|
3000000 |
Pending Allotment as on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Nitinkumar Didwania |
|
1192800 |
|
Hazel Mercantile Limited, India |
|
600 |
|
Sanman Trade Impex Private Limited, India |
|
600 |
|
Niti Didwania |
|
2400 |
|
Sushmadevi Didwania |
|
2400 |
|
Saurabh Sanghvi |
|
600 |
|
|
|
|
|
Total |
|
1199400 |
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 : |
Trader, Importer, Exporter and distributors of chemicals, metals and
polymers. |
|
|
|
|
Products : |
Chemicals, metals and polymers |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Chemical |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 days / 60 days / 90 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 days / 60 days / 90 days) |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
End Users, Manufacturer and Traders
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
60 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
Note : Long Term Borrowings (i)Primary Security Equitable mortgage of property being the land at Survey No. 21, Rameshwar Wadi Village, Khatav Taluk, Satara district in the state of Maharashtra and hypothecation of 1 nos. 600 KW Wind Electric Generator consisiting each of tower, 1 set of blades, nacelle, control panel, transformer and internal cables. (ii)Collateral Personal Guarantee of the Promoter/ Director (iii)The above term loan exclude Rs. 3.143 Million (P.Y. Rs. 3.143 Million) falling due for payment within one year, which is shown as Other Current Liabilities (iv)Term Loan for windmill is repayable in 28 Quarterly installments starting from December 2009 onwards. The rate of interest of the outstanding loan is Base Rate + 2.25% |
|
Auditor |
|
|
Name : |
G R Modi and Company Chartered Accountants |
|
Address : |
12, Laxminarayan
Shopping Centre, Poddar Marg, Malad (East), Mumbai, Maharashtra, India |
|
PAN No.: |
AAAFG0111Q |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Enterprise over
which Key Managerial Personnel are able to exercise significant influence |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,200,000 |
Equity Shares |
Rs.10/- each |
Rs.42.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,199,400 |
Equity Shares |
Rs.10/- each |
Rs.41.994 Million |
|
|
|
|
|
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,050,000 |
Equity Shares |
Rs.10/- each |
Rs.30.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,000,000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 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 |
30.000 |
30.000 |
30.000 |
|
(b) Reserves & Surplus |
561.711 |
212.635 |
179.807 |
|
(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) |
591.711 |
242.635 |
209.807 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
254.490 |
130.112 |
92.857 |
|
(b) Deferred tax liabilities (Net) |
3.918 |
4.854 |
5.689 |
|
(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) |
258.408 |
134.966 |
98.546 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
75.977 |
115.096 |
133.395 |
|
(b) Trade
payables |
824.974 |
706.940 |
581.274 |
|
(c) Other
current liabilities |
14.082 |
20.855 |
15.880 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
915.033 |
842.891 |
730.549 |
|
|
|
|
|
|
TOTAL |
1765.152 |
1220.492 |
1038.902 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
19.810 |
15.807 |
18.590 |
|
(ii)
Intangible Assets |
274.023 |
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 |
5.509 |
3.612 |
4.540 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
299.342 |
19.419 |
23.130 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
358.928 |
449.227 |
218.338 |
|
(c) Trade
receivables |
1015.081 |
690.421 |
704.166 |
|
(d) Cash
and cash equivalents |
42.944 |
37.803 |
37.153 |
|
(e)
Short-term loans and advances |
48.857 |
23.622 |
56.115 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1465.810 |
1201.073 |
1,015.772 |
|
|
|
|
|
|
TOTAL |
1765.152 |
1220.492 |
1038.902 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
4702.920 |
3469.977 |
3301.400 |
|
|
|
|
Other Income |
|
|
|
|
|
|
|
TOTAL |
4702.920 |
3469.977 |
3301.400 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
TOTAL |
4626.110 |
3428.550 |
3247.900 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
76.810 |
41.427 |
53.500 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
70.896 |
2.827 |
3.300 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
5.914 |
38.600 |
50.200 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
(0.133) |
5.773 |
2.900 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
6.047 |
32.827 |
47.300 |
||
|
|
|
|
|
|
||
|
|
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
212.635 |
179.807 |
132.507 |
||
|
|
|
|
|
|
||
|
|
Balance Carried to the B/S |
218.682 |
212.635 |
179.807 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Export Earnings |
745.785 |
246.392 |
2.300 |
|
|
|
|
Commission Earnings |
0.000 |
0.000 |
0.100 |
|
|
|
TOTAL EARNINGS |
745.785 |
246.392 |
2.400 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Traded Goods |
1198.259 |
1546.580 |
1136.600 |
|
|
|
TOTAL IMPORTS |
1198.259 |
1546.580 |
1136.600 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
2.02 |
10.94 |
NA |
||
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
5150.000 |
Expected Sales ( 2015-2016 ) : Rs.5750.000 Million
The above information has been parted by Mr. Nikunj Sanghavi.
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
3.143 |
3.143 |
3.143 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.34 |
3.17 |
4.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
0.16 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.56 |
1.02 |
1.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.60 |
1.42 |
1.39 |
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 |
30.000 |
30.000 |
30.000 |
|
Reserves & Surplus |
179.807 |
212.635 |
561.711 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
209.807 |
242.635 |
591.711 |
|
|
|
|
|
|
long-term borrowings |
92.857 |
130.112 |
254.490 |
|
Short term borrowings |
133.395 |
115.096 |
75.977 |
|
Current Maturities of
Long Term Debt |
3.143 |
3.143 |
3.143 |
|
Total borrowings |
229.395 |
248.351 |
333.610 |
|
Debt/Equity ratio |
1.093 |
1.024 |
0.564 |
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) |
|
Total Income |
3301.400 |
3469.977 |
4702.920 |
|
|
|
5.106 |
35.532 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
3301.400 |
3469.977 |
4702.920 |
|
Profit |
47.300 |
32.827 |
6.047 |
|
|
1.43% |
0.95% |
0.13% |
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 |
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 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 |
UNSECURED LOANS:
|
PARTICULARS |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Loans and
Advances from related parties |
248.888 |
122.116 |
|
|
|
|
|
Total |
248.888 |
122.116 |
INDEX OF CHARGE:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10192844 |
14/12/2009 |
140,000,000.00 |
3I INFOTECH TRUSTEESHIP SERVICES LIMITED |
6TH FLOOR, AKRUTI CENTER POINT, MIDC CENTRAL ROAD, |
A75451476 |
|
2 |
10179973 |
12/09/2009 |
22,000,000.00 |
PUNJAB NATIONAL BANK |
FORESHORE ROAD BRANCH, RAHEJA CHAMBERS, NARIMAN P |
A70641899 |
|
3 |
10179869 |
11/09/2009 |
22,000,000.00 |
PUNJAB NATIONAL BANK |
FORESHORE ROAD BRANCH,, RAHEJA CHAMBERS, NARIMAN |
A70622733 |
|
4 |
10144734 |
03/03/2009 |
19,000,000.00 |
3I INFOTECH TRUSTEESHIP SERVICES LIMITED |
3RD TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK,, T |
A57351801 |
|
5 |
10012838 |
19/04/2012 * |
530,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJ |
B38204574 |
* Date of charge modification
WORKING RESULTS
During the year, the Company has achieved turnover of Rs. 4702.900 Million as compared to Rs. 3470.000 Million during the previous year. The Company has made profit before Deprecation and tax of Rs. 76.800 Million as against Rs. 41.400 Million in the previous year. After making adjustment of brought forward profit of Rs. 212.600 Million the balance profit of Rs. 218.700 Million in the Profit & Loss Account has been carried over to the Balance Sheet.
WINDMILL PROJECT
The Windmill Power project of the Company has generated revenue of Rs. 2.850 Million during the year ended 31st March, 2014.
The Wind Power project has enabled the Company to tap the immense potential of energy generation through Non-Conventional sources and to avail fiscal incentives germane to such pioneering business in nascent stages.
SCHEME OF
AMALGAMATION BETWEEN GOODVALUE INFORMATICS SOLUTIONS PRIVATE LIMITED AND ASPEN
INTERNATIONAL PRIVATE LIMITED
The Directors wish to inform us that in order to achieve synergies of operations and optimum utilization of resources, the Board of Directors at their meeting held on March 14, 2014 decided to amalgamate Goodvalue Informatics Solutions Private Limited (GISPL) a group Company with Aspen International Private Limited (AIPL) w.e.f. February 13, 2014 or such other date as may be fixed or approved by the Hon’ble High Court of Judicature at Bombay or such other competent authority.
Pursuant to the above, the scheme of Amalgamation of GISPL with AIPL was filed with the Hon’ble High Court of Judicature of Bombay for its approval.
The Directors are pleased to inform that the said scheme of Amalgamation has been duly approved by the Hon’ble Bombay High Court vide its order dated 12th September, 2014.
The Scheme of Amalgamation has been given effect to in the books, with effect from 13th February, 2014 in pursuance to the Hon’ble Bombay High Court Order’s order dated 12th September, 2014. The Shareholders of the erstwhile Goodvalue Informatics Solutions Private Limited will be allotted the Equity Shares of Rs. 10/- each of the company in proportion to 1:24, i.e. for every one shares of Goodvalue Informatics Solutions Private Limited held they will be issued Twenty Four Equity Shares of your Company.
FIXED ASSETS
- Land
- Furniture and
Fixtures
- Plant and
Equipment
- Office
Equipmen
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.63.39 |
|
|
1 |
Rs.98.94 |
|
Euro |
1 |
Rs.70.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN` |
|
|
|
|
Analysis Done by
: |
TRS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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.