MIRA INFORM REPORT
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Report No. : |
330716 |
|
Report Date : |
07.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
MAYFAIR HOUSING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1, Mayfair Meridian, Near St. Blaise Church, Caesar Road, Andheri (West),
Mumbai – 400058, Maharashtra |
|
Tel. No.: |
91-22-67232300 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
Date of
Incorporation : |
10.12.1986 |
|
|
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Com. Reg. No.: |
11-041829 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.100.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U70100MH1986PTC041829 |
|
|
|
|
IEC No.: |
0305014102 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM22138E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM5158N |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Real Estate Developers |
|
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|
|
No. of Employees
: |
225 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be sound and
healthy. Profitability of the company is fair. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company 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.
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 PARTED BY
|
Name : |
Mr. Rajesh Pisal |
|
Designation : |
Company Secretary |
|
Contact No.: |
91-22-67232300 |
|
Date : |
06.07.2015 |
LOCATIONS
|
Registered Office : |
1, Mayfair Meridian, Near St. Blaise Church, Caesar Road, Andheri (West),
Mumbai – 400058, Maharashtra, India |
|
Tel. No.: |
91-22-67232300 |
|
Fax No.: |
91-22-67232358 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 26.08.2014
|
Name : |
Mr. Nayan Arvind Shah |
|
Designation : |
Director |
|
Address : |
601, Mangal Kripa, Tagore Road, Santacruz (West), Mumbai – 400054,
Maharashtra, India |
|
Date of Birth/Age : |
26.09.1960 |
|
Date of Appointment : |
10.12.1986 |
|
DIN No.: |
00244494 |
|
|
|
|
Name : |
Ms. Vasumati Arvind Shah |
|
Designation : |
Director |
|
Address : |
601, Mangal Kripa, Tagore Road, Santacruz (West), Mumbai – 400054,
Maharashtra, India |
|
Date of Birth/Age : |
22.04.1934 |
|
Date of Appointment : |
10.12.1986 |
|
DIN No.: |
00244632 |
|
|
|
|
Name : |
Ms. Anuradha Nayan Shah |
|
Designation : |
Director |
|
Address : |
601, Mangal Kripa, Tagore Road, Santacruz (West), Mumbai – 400054,
Maharashtra, India |
|
Date of Birth/Age : |
27.08.1964 |
|
Date of Appointment : |
20.03.2007 |
|
DIN No.: |
00244689 |
KEY EXECUTIVES
|
Name : |
Mr. Rajesh Pisal |
|
Designation : |
Company Secretary |
|
Address : |
101, Classic Apartment, Plot No.39, Sector.18, Kamothe, Navi Mumbai –
410209, Maharashtra, India |
|
Date of Birth/Age : |
12.10.1977 |
|
Date of Appointment : |
04.06.2012 |
|
PAN No.: |
AKOPP7147B |
MAJOR SHAREHOLDERS
AS ON 26.08.2014
|
Names of Shareholders |
No. of Shares |
|
Nayan Arvind Shah and Anuradha Nayan Shah |
316760 |
|
Vasumati Arvind Shah and Nayan Arvind Shah |
10000 |
|
Anuradha Nayan Shah and Nayan Arvind Shah |
10000 |
|
Nayan Arvind Shah on Behalf of Nayan Arvind Shah (HUF) |
1000 |
|
Aditya Nayan Shah |
10000 |
|
Anay Nayan Shah |
10000 |
|
Nayan Arvind Shah on Behalf of Nayan Arvind Shah Family Trust |
200 |
|
Nayan Arvind Shah |
642040 |
|
|
|
|
Total |
1000000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 26.08.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Real Estate Developers |
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|
Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash, Advance Payment |
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Purchasing : |
Cash, Advance Payment |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
225 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
M D Dumasia Company Chartered Accountants |
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Address : |
611-A, Sewa Samity Nagar, Near Shanmukhanand Hall, Kings Circle, Mumbai – 400037, Maharashtra, India |
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PAN No.: |
AACPD7122J |
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Memberships : |
Not Divulged |
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|
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Collaborators : |
Not Divulged |
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Joint Venture : |
· Mayfair Sainath Developers LLP |
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|
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Subsidiary Company
: |
· New Era Dwellers and Construction Private Limited |
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|
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Others : |
· Mayfair Housing · Nayan A Shah HUF · Nayan A Shah - Family Trust |
CAPITAL STRUCTURE
AS ON 26.08.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.100/- each |
Rs.100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.100/- each |
Rs.100.000 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 |
100.000 |
100.000 |
100.000 |
|
(b) Reserves & Surplus |
642.845 |
578.286 |
494.453 |
|
(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) |
742.845 |
678.286 |
594.453 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1609.888 |
1099.664 |
1183.276 |
|
(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 |
10.429 |
10.467 |
7.912 |
|
Total Non-current
Liabilities (3) |
1620.317 |
1110.131 |
1191.188 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
524.282 |
411.250 |
576.532 |
|
(b) Trade
payables |
228.226 |
231.208 |
219.947 |
|
(c) Other
current liabilities |
1718.625 |
1201.793 |
357.706 |
|
(d) Short-term
provisions |
131.483 |
114.834 |
92.520 |
|
Total Current
Liabilities (4) |
2602.616 |
1959.085 |
1246.705 |
|
|
|
|
|
|
TOTAL |
4965.778 |
3747.502 |
3032.346 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
60.305 |
49.630 |
44.795 |
|
(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 |
1352.428 |
1334.249 |
768.672 |
|
(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 |
1412.733 |
1383.879 |
813.467 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
3112.385 |
1884.332 |
1821.198 |
|
(c) Trade
receivables |
18.450 |
6.066 |
6.561 |
|
(d) Cash and
cash equivalents |
67.725 |
88.299 |
82.320 |
|
(e)
Short-term loans and advances |
354.485 |
384.926 |
308.800 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
3553.045 |
2363.623 |
2218.879 |
|
|
|
|
|
|
TOTAL |
4965.778 |
3747.502 |
3032.346 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
GROSS REVENUE |
798.800 |
512.800 |
1721.300 |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
64.600 |
83.800 |
148.000 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
64.60 |
-- |
-- |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1000.000 |
Expected Sales (2015-2016): Rs.1500.000 Million
The above information has been parted by Mr. Rajesh
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturity of Long Term loan from Banks |
346.610 |
326.309 |
NA |
|
Current Maturity of Long Term loan from others |
104.843 |
159.206 |
NA |
|
TOTAL |
451.453 |
485.515 |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(566.854) |
(157.395) |
(125.877) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.48 |
2.94 |
2.96 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.37 |
1.21 |
1.78 |
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 |
100.000 |
100.000 |
100.000 |
|
Reserves & Surplus |
494.453 |
578.286 |
642.845 |
|
Net
worth |
594.453 |
678.286 |
742.845 |
|
|
|
|
|
|
long-term borrowings |
1183.276 |
1099.664 |
1609.888 |
|
Short term borrowings |
576.532 |
411.250 |
524.282 |
|
Total
borrowings |
1759.808 |
1510.914 |
2134.170 |
|
Debt/Equity
ratio |
2.960 |
2.228 |
2.873 |
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 |
|
Gross Revenue |
1721.300 |
512.800 |
798.800 |
|
|
|
(70.209) |
55.772 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Gross Revenue |
1721.300 |
512.800 |
798.800 |
|
Profit |
148.000 |
83.800 |
64.600 |
|
|
8.60% |
16.34% |
8.09% |
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 |
Yes |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
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 |
No |
|
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 |
OPERATIONS AND ACCOUNTS
The Gross Revenue during the year were Rs.798.800 million (previous year Rs. 512.800 million) and the Profit after tax was Rs. 64.600 million (previous year Rs. 83.800 million). At the end of the year, the total stock of projects under development stood at Rs.3112.400 million as compared to Rs. 1884.300 million at the end of previous year. The Company has made substantial investments in projects in India and overseas, as these projects are of long gestation, the projects will give substantial benefits to the Company in years to come.
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Other external commercial borrowings |
796.259 |
550.400 |
|
|
|
|
|
Total |
796.259 |
550.400 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10556678 |
24/03/2015 |
500,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
C47561535 |
|
2 |
10548824 |
12/02/2015 |
95,000,000.00 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA |
C43431931 |
|
3 |
10538313 |
12/12/2014 |
50,000,000.00 |
VIJAYA BANK |
PEARL QUEEN BLDG,NORTH AVENEUE ROAD,, SANTACRUZ WEST,, MUMBAI, MAHARASHTRA - 400054, INDIA |
C37852191 |
|
4 |
10538318 |
10/12/2014 |
40,000,000.00 |
VIJAYA BANK |
PEARL QUEEN BLDG,NORTH AVENEUE ROAD,, SANTACRUZ WEST,, MUMBAI, MAHARASHTRA - 400054, INDIA |
C37853090 |
|
5 |
10533417 |
07/11/2014 |
200,000,000.00 |
KOTAK MAHINDRA INVESTMENTS LIMITED |
27BKC, C 27, G BLOCK, BANDRA KURLA COMPLEX, BANDRA (E),, MUMBAI, MAHARASHTRA - 400051, INDIA |
C35068931 |
|
6 |
10525879 |
16/10/2014 |
250,000,000.00 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA |
C29655974 |
|
7 |
10519495 |
01/09/2014 |
50,000,000.00 |
VIJAYA BANK |
PEARL
QUEEN BLDG,NORTH AVENEUE,, SANTACRUZ WEST,, |
C20201141 |
|
8 |
10516492 |
25/08/2014 |
250,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
C17916248 |
|
9 |
10516452 |
30/07/2014 |
140,000,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
C17872045 |
|
10 |
10493659 |
30/04/2014 |
60,000,000.00 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA |
C04349577 |
|
11 |
10481164 |
26/02/2014 |
150,000,000.00 |
ADITYA BIRLA FINANCE LIMITED |
INDIAN
RAYON COMPOUND,, VERAVAL, GUJARAT - 362266, |
B97873004 |
|
12 |
10484727 |
18/02/2014 |
550,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
C00455634 |
|
13 |
10456545 |
28/10/2013 |
26,500,000.00 |
BANK OF BARODA |
SHOP NO. 9 AND 10, MAYFAIR MERIDIAN, GROUND FLOOR, CEASER ROAD, NEAR ST.BLAISE CHURCH, AMBOLI, ANDHERI (W), MUMBAI, MAHARASHTRA - 400058, INDIA |
B88144290 |
|
14 |
10454369 |
12/10/2013 |
200,000,000.00 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA |
B87253688 |
|
15 |
10444251 |
13/08/2013 |
20,000,000.00 |
VIJAYA BANK |
PEARL
QUEEN BLDG,NORTH AVENEUE,, SANTACRUZ WEST,, |
B82682469 |
|
16 |
10433768 |
24/06/2013 |
50,000,000.00 |
VIJAYA BANK |
PEARL QUEEN BLDG, NORTH AVENUE ROAD,, SANTACRUZ WEST,, MUMBAI, MAHARASHTRA - 400054, INDIA |
B78265733 |
|
17 |
10411143 |
07/03/2013 |
100,000,000.00 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA |
B70567367 |
|
18 |
10384470 |
10/10/2012 |
150,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B61364451 |
|
19 |
10344679 |
30/03/2012 |
250,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B35931062 |
|
20 |
10342444 |
25/08/2014 * |
500,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
C17600784 |
|
21 |
10339051 |
01/03/2012 |
21,700,000.00 |
BANK OF BARODA |
SHOP
NO 9 AND 10, MAYFAIR MERIDIAN, GROUND FLOOR,, |
B33640061 |
|
22 |
10319371 |
10/10/2012 * |
300,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B60145075 |
|
23 |
10313931 |
12/10/2011 |
100,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
BHOLENATH CHS LTD, SUBHASH ROAD,, VILE PARLE (E), MUMBAI, MAHARASHTRA - 400057, INDIA |
B23834435 |
|
24 |
10188750 |
09/07/2014 * |
35,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G BLOCK, BANDRA KURLA COMPLEX, BANDRA (E),, MUMBAI, MAHARASHTRA - 400051, INDIA |
C12138269 |
|
25 |
10124399 |
09/07/2014 * |
40,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G BLOCK, BANDRA KURLA COMPLEX, BANDRA (E),, MUMBAI, MAHARASHTRA - 400051, INDIA |
C12126041 |
*Date of modification charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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.63.58 |
|
|
1 |
Rs.99.11 |
|
Euro |
1 |
Rs.70.29 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
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 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
48 |
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.