MIRA INFORM REPORT
|
Report No. : |
330619 |
|
Report Date : |
10.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
REFRATHERM INTERNATIONAL
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
House No.9, MEC Office, Co-Operative
Housing Society, Civil Lines, Nagpur – 440 001, Maharashtra |
|
Tel. No.: |
91-712-2540937 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
02.11.2007 |
|
|
|
|
Com. Reg. No.: |
11-175644 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.40.000
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH2007PTC175644 |
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|
|
|
IEC No.: |
Not Available |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is engaged in manufacturing of high quality Calcined
Petroleum Coke (CPC) and other related Ferro alloys. |
|
|
|
|
No. of Employees
: |
Information declined by the Management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is a private
limited company incorporated on 2nd November, 2007. It is an
established company having moderate track record. It is classified
as Indian Non-Government Company and is registered at Registrar of Companies,
Nagpur. Its authorized share capital is Rs.50.000 million and its paid-up
capital is Rs.46.000 million. Reserves of the
company seems to be low during 2014. However, trade
relations are reported as fair. Business is active. Payment terms are
reported to be slow but correct. The company can
be considered for 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.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund Based Limits: B+ |
|
Rating Explanation |
Have risk prone credit quality and carries very high credit risk. |
|
Date |
January, 2015 |
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 DECLINED BY
|
Name : |
Mrs. Meeta Krishnendu Shaw |
|
Designation : |
Director |
|
Contact No.: |
91-9890963044 |
|
Date : |
08.07.2015 |
LOCATIONS
|
Registered Office : |
House No.9, MEC Office,
Co-Operative Housing Society, Civil Lines, Nagpur – 440 001, Maharashtra,
India |
|
Tel. No.: |
91-712-2540937 |
|
Mobile No.: |
91-9890963044 (Mrs.
Meeta Krishnendu Shaw) |
|
Fax No.: |
91-712-2557330 |
|
E-Mail : |
|
|
|
|
|
Factory : |
A-6, Butibori MIDC, Nagpur – 441 122, Maharashtra, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Krisnendu Sukhendu Shaw |
|||||||||||||||||||||||||||
|
Designation : |
Director |
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|
Address : |
House No.9, MEC Office,
Co-Operative Housing Society, Civil Lines, Nagpur – 440 001, Maharashtra,
India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.04.1967 |
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Date of Appointment : |
02.11.2007 |
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DIN No.: |
01862084 |
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Other
Directorship :
|
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|
|||||||||||||||||||||||||||
|
Name : |
Mrs. Meeta Krishnendu Shaw |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
308,
Panchratan Apartment, Rajlakmi, Marg Civil Lines, Nagpur – 440 001,
Maharashtra, India |
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|
Date of Birth/Age : |
26.07.1968 |
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Date of Appointment : |
02.11.2007 |
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DIN No.: |
01862071 |
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Other
Directorship :
|
||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Vilas Nichat |
|
Designation : |
Company Secretary |
|
Address : |
Zal Complex, 2nd Floor, Residency Road, Sadar, Nagpur – 440
001, Maharashtra, India |
|
Tel. No.: |
91-712-2520183 |
|
Mobile No.: |
91-9373113082 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Krisnendu Shaw |
3000000 |
75.00 |
|
Meeta
Krishnendu Shaw |
1000000 |
25.00 |
|
Total |
4000000 |
100.00 |
AS ON 28.03.2015
|
Names of Allottees |
|
No. of Shares |
|
Meeta
Krishnendu Shaw |
|
133350 |
|
Krisnendu Shaw |
|
466650 |
|
Total |
|
600000 |
AS ON 30.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing of high quality
Calcined Petroleum Coke (CPC) and other related Ferro alloys. |
|
|
|
|
Products : |
Calcined Petroleum Coke (CPC) and Other Related Ferro
Alloys |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
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 : |
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Khatri and Iyer Chartered Accountants |
|
Address : |
117, Zal Complex, Residency Road, Sadar, Nagpur – 440 001,
Maharashtra, India |
|
Telefax No.: |
91-712-2528521/ 2533008 |
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E-Mail : |
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|
Income-tax
PAN of auditor or auditor's firm : |
AABFK1161F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
Associates : |
|
CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4600000 |
Equity Shares |
Rs.10/- each |
Rs.46.000
million |
|
|
|
|
|
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000
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 |
40.000 |
40.000 |
40.000 |
|
(b) Reserves &
Surplus |
19.153 |
13.452 |
13.134 |
|
(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) |
59.153 |
53.452 |
53.134 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
27.005 |
42.231 |
47.501 |
|
(b) Deferred tax
liabilities (Net) |
0.039 |
0.134 |
0.003 |
|
(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) |
27.044 |
42.365 |
47.504 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term borrowings |
79.354 |
50.003 |
40.049 |
|
(b) Trade payables |
15.481 |
9.874 |
0.386 |
|
(c) Other current liabilities |
32.415 |
36.784 |
22.032 |
|
(d) Short-term provisions |
2.224 |
0.109 |
1.231 |
|
Total Current Liabilities
(4) |
129.474 |
96.770 |
63.698 |
|
|
|
|
|
|
TOTAL |
215.671 |
192.587 |
164.336 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible assets |
86.920 |
85.425 |
86.799 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.095 |
|
(iii) Capital
work-in-progress |
41.454 |
34.877 |
10.666 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.186 |
0.186 |
0.107 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
128.560 |
120.488 |
97.667 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
41.404 |
32.262 |
32.955 |
|
(c) Trade receivables |
13.446 |
23.196 |
7.069 |
|
(d) Cash and cash
equivalents |
0.695 |
15.434 |
21.311 |
|
(e) Short-term loans and
advances |
31.566 |
1.207 |
5.334 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
87.111 |
72.099 |
66.669 |
|
|
|
|
|
|
TOTAL |
215.671 |
192.587 |
164.336 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
300.879 |
164.814 |
187.104 |
|
|
|
Other Income |
NA |
2.219 |
0.893 |
|
|
|
TOTAL |
NA |
167.033 |
187.997 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
143.681 |
160.891 |
|
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
33.640 |
23.352 |
27.105 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST |
22.079 |
16.097 |
16.604 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
11.561 |
7.255 |
10.502 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.522 |
6.689 |
6.996 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
5.039 |
0.566 |
3.506 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.213 |
0.248 |
0.633 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
4.826 |
0.318 |
2.873 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
11.452 |
11.134 |
8.261 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
16.278 |
11.452 |
11.134 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
1.21 |
0.08 |
0.72 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long-term debt |
13.306 |
30.932 |
15.598 |
|
Cash generated
from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.60 |
0.19 |
1.54 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
11.18 |
14.17 |
14.49 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.89 |
0.36 |
2.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.01 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.02 |
2.30 |
1.94 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.67 |
0.75 |
1.05 |
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 |
40.000 |
40.000 |
40.000 |
|
Reserves & Surplus |
13.134 |
13.452 |
19.153 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
53.134 |
53.452 |
59.153 |
|
|
|
|
|
|
Long-term borrowings |
47.501 |
42.231 |
27.005 |
|
Short term borrowings |
40.049 |
50.003 |
79.354 |
|
Current maturities of
long-term debts |
15.598 |
30.932 |
13.306 |
|
Total borrowings |
103.148 |
123.166 |
119.665 |
|
Debt/Equity ratio |
1.941 |
2.304 |
2.023 |
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) |
|
Revenue from Operations |
187.104 |
164.814 |
300.879 |
|
|
|
(11.913) |
82.557 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Revenue from Operations |
187.104 |
164.814 |
300.879 |
|
Profit |
2.873 |
0.318 |
4.826 |
|
|
1.54% |
0.19% |
1.60% |
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 |
Yes |
|
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 |
UNSECURED LOAN
|
Particulars |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG
TERM BORROWINGS |
|
|
|
From
Directors |
1.994 |
3.591 |
|
From Others |
|
|
|
From
Body Corporates |
0.400 |
0.400 |
|
From other than Body
Corporates: |
|
|
|
Associate |
3.066 |
3.066 |
|
Others |
0.528 |
0.528 |
|
Total
|
5.988 |
7.585 |
INDEX
OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10488994 |
23/04/2014 |
70,000,000.00 |
BANK OF INDIA |
BANK OF INDIA, KINGSWAY,
NAGPUR – 440 001, MAHARASHTRA, INDIA |
C03066453 |
|
2 |
10332141 |
23/04/2014 * |
214,700,000.00 |
BANK OF INDIA |
BANK OF INDIA, KINGSWAY, NAGPUR
– 440 001, MAHARASHTRA, INDIA |
C03067923 |
|
3 |
10332142 |
11/01/2012 |
40,000,000.00 |
BANK OF INDIA |
MAIN BRANCH, KINGSWAY,
NAGPUR – 440 001, MAHARASHTRA, INDIA |
B30656839 |
|
4 |
10250597 |
06/10/2010 |
20,000,000.00 |
BANK OF INDIA |
MAIN BRANCH, KINGSWAY,
NAGPUR – 440 001, MAHARASHTRA, INDIA |
A98284557 |
|
5 |
10195023 |
23/12/2009 |
18,000,000.00 |
BANK OF INDIA |
MAIN BRANCH, KINGSWAY,
NAGPUR – 440 001, MAHARASHTRA, INDIA |
A76899913 |
|
6 |
10113860 |
08/05/2013 * |
77,100,000.00 |
BANK OF INDIA |
MAIN BRANCH, KINGSWAY,
NAGPUR – 440 001, MAHARASHTRA, INDIA |
B74919333 |
* Date of charge modification
FIXED ASSETS:
Tangible Assets
·
Leasehold
Land
·
Buildings
·
Office
Block
·
Factory
Building
·
Plant
and Machinery
·
Electrical
Installations
·
Tools
and Equipments
·
Furniture
and Fixtures
·
Computers
and Peripherals
·
Office
Equipments
·
Vehicles
·
Motor
Cars
·
Other
Vehicles
Intangible Assets
·
Preliminary
Expenses
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.63.51 |
|
UK Pound |
1 |
Rs.97.85 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
2 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.