MIRA INFORM REPORT
|
Report No. : |
330830 |
|
Report Date : |
08.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
TORQUE AUTOMOTIVE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2nd Floor, Mrudul Tower, Behind Times Of India, Ashram Road, Ahmedabad – 380009, Gujarat |
|
Tel. No.: |
91-079-66614508 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
23.04.2007 |
|
|
|
|
Com. Reg. No.: |
04-050624 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 16.156 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40105GJ2007PTC050624 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCT6528R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
To run the business of dealership and service center of all kinds of automobile
vehicles, Including passenger and commercial vehicles. |
|
|
|
|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
Exist |
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|
|
|
Comments : |
Subject company was incorporated on 23rd April 2007, it is
having moderate track record. As management has failed to file financials documents for the year
ended 31.03.2014 and 31.03.2013 to statutory authorities. And the documents
are not been available from any sources. From the available financials of 2012, the company has achieved Rs.
3114.300 Million sales turnover and it profit margin stood at 1.88%. Rating is constrained on company moderate financial risk profile,
small net worth base backed by its leverage balance sheet position of the
company. However, as per registrar business is active. Payments are reported to
be unknown. In view of absence of latest year financials, the company can be
considered for small to medium business dealings with some caution. |
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
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION DENIED BY
|
Name : |
Mr. Kuren M. Amin |
|
Designation : |
Director |
|
Contact No.: |
91-9825050691 |
|
Date : |
04.07.2015 |
LOCATIONS
|
Registered Office : |
2nd Floor, Mrudul Tower, Behind Times Of India, Ashram Road, Ahmedabad – 380009, Gujarat, India |
|
Tel. No.: |
91-079-66614508 |
|
Fax No.: |
91-079-26579387 |
|
E-Mail : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Kuren Manishkumar Amin |
|
Designation : |
Director |
|
Address : |
9 Parishram Society, Subhanpura, Vadodara - 390023, Gujarat, India |
|
Date of Birth/Age : |
29.12.1974 |
|
Date of Appointment : |
23.04.2007 |
|
DIN No.: |
01554056 |
|
|
|
|
Name : |
Mr. Zankarsinh Kishorsinh Solanki |
|
Designation : |
Additional Director |
|
Address : |
E/9, Bhaskar Appartment, Mirambika Road, Naranpura, Ahmedabad - 380013, Gujarat, India |
|
Date of Birth/Age : |
31.08.1977 |
|
Date of Appointment : |
23.04.2015 |
|
DIN No.: |
00014226 |
MAJOR SHAREHOLDERS
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Zankarsinh Solanki |
|
87500 |
|
Kuren Amin |
|
812500 |
|
Eldora Mercantile Gujarat Private Limited, India |
|
45000 |
|
General Capital And Holding Company Private Limited, India. |
|
149000 |
|
H.R. Patel |
|
63400 |
|
Gyscoal Enterprise Private Limited, India |
|
458266 |
|
Total |
|
1615666 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
40.37 |
|
Directors or relatives of Directors |
59.63 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
To run the business of dealership and service center of all kinds of
automobile vehicles, Including passenger and commercial vehicles. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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|
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Imports : |
Not Divulged |
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|
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Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management
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Bankers : |
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Facilities : |
(Rs.
In Million)
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|
Financial
Institute: |
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|
|
|
|
Auditors : |
|
|
Name : |
Shirish Dalal And Associates Chartered Accountants |
|
Address : |
C-10 Uday Bhanu, Flat -5 Opposite Ankur School, Fateh Nagar, Paldi, Ahmedabad – 380002, Gujarat, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ABWPD3668E |
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|
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7500000 |
Equity Shares |
Rs.10/- each |
Rs.75.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1615666 |
Equity Shares |
Rs.10/- each |
Rs.16.156
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
(1)Shareholders' Funds |
|
|
|
(a) Share Capital |
16.156 |
14.156 |
|
(b) Reserves &
Surplus |
190.470 |
113.927 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
206.626 |
128.083 |
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
(a) long-term borrowings |
311.449 |
220.785 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
311.449 |
220.785 |
|
|
|
|
|
(4) Current Liabilities |
|
|
|
(a) Short term borrowings |
434.530 |
272.124 |
|
(b) Trade payables |
29.740 |
5.752 |
|
(c) Other current
liabilities |
98.441 |
149.900 |
|
(d) Short-term provisions |
30.278 |
18.165 |
|
Total Current Liabilities
(4) |
592.989 |
445.941 |
|
|
|
|
|
TOTAL |
1111.064 |
794.809 |
|
|
|
|
|
II.
ASSETS |
|
|
|
(1) Non-current assets |
|
|
|
(a) Fixed Assets |
|
|
|
(i) Tangible assets |
422.149 |
122.188 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
232.448 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
7.321 |
0.739 |
|
(d) Long-term Loan and Advances |
0.264 |
0.183 |
|
(e) Other Non-current
assets |
1.569 |
0.811 |
|
Total Non-Current Assets |
431.303 |
356.369 |
|
|
|
|
|
(2) Current assets |
|
|
|
(a) Current investments |
0.000 |
0.000 |
|
(b) Inventories |
386.866 |
285.843 |
|
(c) Trade receivables |
44.140 |
60.372 |
|
(d) Cash and cash equivalents |
77.922 |
35.302 |
|
(e) Short-term loans and
advances |
166.015 |
54.051 |
|
(f) Other current assets |
4.818 |
2.872 |
|
Total Current Assets |
679.761 |
438.440 |
|
|
|
|
|
TOTAL |
1111.064 |
794.809 |
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
14.156 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
81.888 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
96.044 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
215.745 |
|
|
2] Unsecured Loans |
|
|
4.994 |
|
|
TOTAL BORROWING |
|
|
220.739 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.164 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
316.947 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
115.486 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
146.546
|
|
|
Sundry Debtors |
|
|
48.278
|
|
|
Cash & Bank Balances |
|
|
52.430
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
49.331
|
|
Total
Current Assets |
|
|
296.585
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000
|
|
|
Other Current Liabilities |
|
|
87.343
|
|
|
Provisions |
|
|
9.404
|
|
Total
Current Liabilities |
|
|
96.747
|
|
|
Net Current Assets |
|
|
199.838
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
1.623 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
316.947 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
|
|
|
Other Income |
3101.300 |
2228.800 |
1563.440 |
|
|
TOTAL |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
189.230 |
99.460 |
62.330 |
|
|
|
|
|
|
|
|
FINANCIAL EXPENSES |
88.870 |
35.380 |
28.310 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
100.360 |
64.080 |
34.020 |
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
24.740 |
13.590 |
12.380 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
75.620 |
50.490 |
21.650 |
|
|
|
|
|
|
|
|
TAX |
17.080 |
18.450 |
6.140 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
58.540 |
32.040 |
15.510 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
47.29 |
35.67 |
12.99 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Current Maturities of Long term debt |
49.702 |
30.234 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(41.108) |
(20.320) |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.89 |
1.44 |
0.99 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
6.10 |
4.46 |
3.99 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.85 |
8.99 |
10.83 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.37 |
0.39 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.85 |
4.08 |
2.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.15 |
0.98 |
3.06 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
14.156 |
14.156 |
16.156 |
|
Reserves & Surplus |
81.888 |
113.927 |
190.470 |
|
Net worth |
96.044 |
128.083 |
206.626 |
|
|
|
|
|
|
long-term borrowings |
215.745 |
220.785 |
311.449 |
|
Short term borrowings |
4.994 |
272.124 |
434.530 |
|
Total borrowings |
220.739 |
523.143 |
795.681 |
|
Debt/Equity ratio |
2.298 |
4.084 |
3.851 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
1563.440 |
2228.800 |
3101.300 |
|
|
|
42.557 |
39.147 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
1563.440 |
2228.800 |
3101.300 |
|
Profit |
21.650 |
50.490 |
75.620 |
|
|
1.38% |
2.27% |
2.44% |
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 |
No |
|
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 |
No |
|
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS
|
HIGH COURT OF GUJARAT |
|
COMPANY
PETITION No. 38 of 2014 |
|
Status
: PENDING |
( Converted from :
O/ST/367/2014 ) |
CCIN No :
001058201400038 |
|
|
|||||
|
|||||
|
|||||
|
S.NO. |
Name of the
Petitioner |
Advocate On Record |
|
1 |
PEREGRINE GUARDING
PRIVATE LIMITED |
MR BHARAT JANI for:
Petitioner(s) |
|
S.NO. |
Name of the
Respondant |
Advocate On Record |
|
1 |
TORQUE AUTOMOTIVE PRIVATE
LIMITED |
MR SP MAJMUDAR for
:Respondent(s) |
|
|
|||
|
Presented On |
: 11/02/2014 |
Registered On |
: 20/02/2014 |
|
Bench Category |
: - |
District |
: AHMEDABAD |
|
Case Originated
From |
: THROUGH
HIS/HER/THEIR ADVOCATE |
Listed |
: 19 times |
|
Stage Name |
: NOTICE RETURNABLE
MATTERS |
||
|
Classification |
SJ - OJ - COMPANY
APPLICATION - COMPANIES ACT, 1956 - WINDING UP - 433 AND 434 |
|
Act |
COMPANIES ACT, 1956 |
|
OFFICE DETAILS |
|
S. NO. |
FILING DATE |
DOCUMENT NAME |
ADVOCATE NAME |
COURT FEE ON DOCUMENT |
DOCUMENT DETAILS |
|
1 |
11/02/2014 |
VAKALATNAMA |
MR BHARAT JANI ADVOCATE |
5 |
MR BHARAT JANI(352) for P:1 |
|
2 |
11/02/2014 |
MEMO OF PETITION/APPEAL/SUIT |
MR BHARAT JANI ADVOCATE |
100 |
MR BHARAT JANI(352), for P:1 |
|
3 |
05/03/2014 |
AFFIDAVIT OF DS |
MR BHARAT JANI ADVOCATE |
0 |
MR BHARAT JANI(352) for P:1 |
|
4 |
13/03/2014 |
VAKALATNAMA |
MR SP MAJMUDAR ADVOCATE |
5 |
MR SP MAJMUDAR(3456) for R:1 |
|
5 |
27/06/2014 |
AFFIDAVIT IN REPLY |
MR SP MAJMUDAR ADVOCATE |
0 |
MR SP MAJMUDAR(3456) for R:1 |
UNSECURED LOAN
|
Particulars |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
LONG TERM
BORROWING |
|
|
|
Other loans and advances |
175.821 |
170.411 |
|
Total |
175.821 |
170.411 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10546598 |
07/01/2015 |
45,600,000.00 |
INDIABULLS HOUSING FINANCE LIMITED |
M - 62 AND 63, FIRST FLOOR,
CONNAUGHT PLACE, NEW DE |
C42227082 |
|
2 |
10504635 |
30/09/2013 |
25,000,000.00 |
UNITED BANK OF INDIA |
AHMEDABAD BRANCH, UNITED BANK OF INDIA BUILDING, LAL DARWAJA, AHMEDABAD, GUJARAT - 380001, INDIA |
B96656855 |
|
3 |
10363784 |
18/07/2014 * |
564,600,000.00 |
DENA BANK |
188-A, DENA LAXMI BUILDING, ASHRAM ROAD, AHMEDABAD, GUJARAT - 380009, INDIA |
C14146542 |
|
4 |
10429365 |
22/06/2012 |
600,000,000.00 |
VOLKSWAGEN FINANCE PRIVATE LIMITED |
3, NORTH AVENUE, LEVEL 5, MAKER MAXITY, BANDRA KURLA COMPLEX, KALA NAGAR, BANDRA (E),, MUMBAI, MAHARASHTRA - 400051, INDIA |
B59200519 |
|
5 |
10363693 |
18/07/2014 * |
564,600,000.00 |
DENA BANK |
188-A, DENA LAXMI BUILDING, ASHRAM ROAD, AHMEDABAD, GUJARAT - 380009, INDIA |
C14089692 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
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.63.37 |
|
UK Pound |
1 |
Rs.98.86 |
|
Euro |
1 |
Rs.69.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
GTA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.