MIRA INFORM REPORT
|
Report No. : |
331539 |
|
Report Date : |
11.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
LUXOR INTERNATIONAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
229, Okhla Industrial Estate, Phase III, New Delhi – 110 020 |
|
Tel. No.: |
91-11-41613536 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
16.07.1980 |
|
|
|
|
Com. Reg. No.: |
55-010659 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.000
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1980PTC010659 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELL02698D DELL00168A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACL0282E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and Exporter of all types of Writing Instruments
including ball, fountain, roller and gel pens, highlighters, markers and
colouring material. |
|
|
|
|
No. of Employees
: |
5000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 419000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a part of Luxor Group. It is an established company having satisfactory track record. As per registrar
of companies the date of balance sheet (i.e. financial filed) is shown as
31.03.2014 but the documents related to financials for the year 2014 are not
available from any sources. As per the
financials of 2013, general financial position of the company is good. Trade relations are reported as fair. Business is active. Payment9
terms are reported to be usually correct. The company can be considered normal for business dealings at usual
trade terms and conditions. Note: The partial information i.e. sales turnover and profit after tax for
the year FY 2014 has been gathered from indirect source i.e. CRISIL. |
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 |
Have moderate degree of safety and carry moderate credit risk. |
|
Date |
24.12.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short-Term Rating: A2 |
|
Rating Explanation |
Have strong degree of safety and carry low credit risk. |
|
Date |
24.12.2014 |
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 (PARTIAL DETAILS)
|
Name : |
Mr. Sunil |
|
Designation : |
Finance Department |
|
Contact No.: |
91-120-4779600 |
|
Date : |
10.07.2015 |
LOCATIONS
|
Registered Office : |
229, Okhla Industrial Estate, Phase III, New Delhi – 110 020, India |
|
Tel. No. : |
91-11-41613536/ 43117311 |
|
Fax No. : |
91-11-26847602 |
|
E-Mail: |
|
|
Website : |
|
|
|
|
|
Factory : |
C-42, Phase No.2, District Gautam Budh Nagar, Noida – 201 305, Uttar Pradesh, India |
|
Tel. No. : |
91-120-3047060/ 3047000/ 4779600-03 |
|
Fax No. : |
91-120-3047023/ 24/ 4197004 |
DIRECTORS
AS ON 27.09.2014
|
Name : |
Ms. Pooja Jain |
|
Designation : |
Managing Director |
|
Address : |
D-19, Nizamuddin (East), New Delhi – 110 013, India |
|
Date of Birth/Age : |
22.10.1974 |
|
Date of Appointment : |
29.07.2014 |
|
DIN No.: |
00055375 |
|
|
|
|
Name : |
Mr. Vijay Kumar Jain |
|
Designation : |
Director |
|
Address : |
B-167, SFS Flats, Sarita Vihar, New Delhi – 110 044, India |
|
Date of Birth/Age : |
05.06.1936 |
|
Date of Appointment : |
08.01.1996 |
|
DIN No.: |
00055376 |
|
|
|
|
Name : |
Ms. Usha Jain |
|
Designation : |
Director |
|
Address : |
D-19, Nizamuddin (East), New Delhi – 110 013, India |
|
Date of Birth/Age : |
19.06.1943 |
|
Date of Appointment : |
29.07.2014 |
|
DIN No.: |
00055364 |
|
PAN No.: |
AAAPJ1971B |
KEY EXECUTIVES
|
Name : |
Mr. Sunil |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Usha Jain |
999900 |
99.99 |
|
Pooja Jain |
100 |
0.01 |
|
Total |
1000000 |
100.00 |
AS ON 27.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of all types of Writing Instruments
including ball, fountain, roller and gel pens, highlighters, markers and
colouring material. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
“LUXOR” |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
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|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS (AS ON 31.03.2011):
|
Particulars |
Unit |
Actual
Production |
|
Writing Instruments |
Pcs. |
147227634 |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
5000 (Approximately) |
|||||||||||||||||||||||||||
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Bankers : |
Lord Krishna Bank Limited, Somdut Chamber, Noida, Up,
Noida - 201301, Uttar Pradesh, India |
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
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Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. Kalra and Associates Chartered Accountants |
|
Address : |
24, Manak Vihar, I.P. Extension II, Delhi – 110 095, India |
|
Tel. No.: |
91-11-22151632 |
|
Fax No.: |
91-11-22142850 |
|
Income-tax
PAN of auditor or auditor's firm : |
AATPK1847J |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associate (As on 31.03.2013) : |
Luxor Writing Instruments Private Limited, India (CIN No.:
U74899DL1995PTC073683) |
|
|
|
|
Subsidiary Company (As on 31.03.2013) : |
Luxor Euro GmbH, Germany |
|
|
|
|
Vendors / other associates where Key
Managerial Personnel or their
relatives have significant interest (As
on 31.03.2013) : |
·
Techink Industries ·
Kakkar Brother ·
Luxor Foundation ·
Luxor India Private Limited ·
Luxor Fashions |
CAPITAL STRUCTURE
AS ON 27.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each
|
Rs.10.000
million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)
Shareholders' Funds |
|
|
|
|
(a) Share Capital |
10.000 |
10.000 |
10.000 |
|
(b) Reserves & Surplus |
136.449 |
94.521 |
52.528 |
|
(c) Money
received against Share Warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
78.000 |
123.250 |
|
Total
Shareholders’ Funds (1) + (2) |
146.449 |
182.521 |
185.778 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term Borrowings |
288.111 |
202.518 |
199.401 |
|
(b) Deferred Tax Liabilities (Net) |
37.797 |
37.160 |
37.034 |
|
(c) Other Long Term
Liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
Provisions |
4.019 |
3.942 |
3.190 |
|
Total Non-current
Liabilities (3) |
329.927 |
243.620 |
239.625 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
Term Borrowings |
273.715 |
275.844 |
168.362 |
|
(b) Trade
Payables |
181.820 |
136.783 |
160.543 |
|
(c) Other
Current Liabilities |
16.479 |
1.558 |
1.590 |
|
(d) Short-term
Provisions |
5.891 |
1.766 |
6.289 |
|
Total Current
Liabilities (4) |
477.905 |
415.951 |
336.784 |
|
|
|
|
|
|
TOTAL |
954.281 |
842.092 |
762.187 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible Assets |
333.850 |
340.478 |
342.578 |
|
(ii)
Intangible Assets |
3.368 |
5.103 |
3.562 |
|
(iii) Capital
Work-in-Progress |
1.426 |
0.491 |
1.368 |
|
(iv)
Intangible assets under Development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.850 |
0.850 |
0.850 |
|
(c) Deferred Tax Assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.795 |
4.792 |
3.863 |
|
(e) Other
Non-current Assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
344.289 |
351.714 |
352.221 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current Investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
149.698 |
149.467 |
160.803 |
|
(c) Trade
Receivables |
362.809 |
251.069 |
191.458 |
|
(d) Cash
and Cash Equivalents |
1.411 |
22.571 |
4.570 |
|
(e)
Short-term Loans and Advances |
96.074 |
67.271 |
53.135 |
|
(f) Other Current
Assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
609.992 |
490.378 |
409.966 |
|
|
|
|
|
|
TOTAL |
954.281 |
842.092 |
762.187 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1346.925 |
1273.043 |
922.602 |
|
|
|
Other Income & Export Incentive |
172.556 |
114.690 |
102.008 |
|
|
|
TOTAL (A) |
1519.481 |
1387.733 |
1024.610 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material and Manufacturing and Other Expenses |
|
|
715.235 |
|
|
|
Personal Expenses |
|
|
138.603 |
|
|
|
Administrative Expenses |
|
|
20.842 |
|
|
|
Selling Expenses |
|
|
57.607 |
|
|
|
Increase/ Decrease in Stocks |
|
|
(6.949) |
|
|
|
TOTAL (B) |
1457.194 [Including
Financial Expenses and Depreciation] |
1327.776 [Including
Financial Expenses and Depreciation] |
925.338 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
99.272 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
24.535 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
74.737 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
33.247 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
62.287 |
59.957 |
41.490 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
20.359 |
17.965 |
16.665 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
41.928 |
41.992 |
24.825 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
93.972 |
51.980 |
27.155 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
135.900 |
93.972 |
51.980 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
1270.849 |
1158.903 |
823.920 |
|
|
TOTAL EARNING |
1270.849 |
1158.903 |
823.920 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials & Components |
NA |
NA |
206.689 |
|
|
|
Capital Goods |
NA |
NA |
26.312 |
|
|
TOTAL IMPORTS |
NA |
NA |
233.001 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
41.93 |
41.99 |
24.83 |
|
|
Particulars |
31.03.2014 |
|
Net Sales |
Rs.1.54 billion |
|
|
|
|
Profit After Tax (PAT) |
Rs.33.800
million |
Note:
The above information has been taken from indirect source i.e. CRISIL.
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current maturities of long-term debt |
NA |
NA |
NA |
|
Cash generated
from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(4.243) |
(18.248) |
23.559 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.11 |
3.30 |
2.69 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
NA |
10.76 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.54 |
7.13 |
5.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.43 |
0.33 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.84 |
2.62 |
1.98 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28 |
1.18 |
1.22 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
52.528 |
94.521 |
136.449 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
123.250 |
78.000 |
0.000 |
|
Net worth |
185.778 |
182.521 |
146.449 |
|
|
|
|
|
|
Long-term borrowings |
199.401 |
202.518 |
288.111 |
|
Short term borrowings |
168.362 |
275.844 |
273.715 |
|
Total borrowings |
367.763 |
478.362 |
561.826 |
|
Debt/Equity ratio |
1.980 |
2.621 |
3.836 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
922.602 |
1273.043 |
1346.925 |
|
|
|
37.984 |
5.804 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
922.602 |
1273.043 |
1346.925 |
|
Profit |
24.825 |
41.992 |
41.928 |
|
|
2.69% |
3.30% |
3.11% |
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 |
Yes |
|
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 |
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 |
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 |
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 |
FINANCIAL RESULT (AS ON
31.03.2013):
During the year there in increase of sales by 6% as compared to last year.
The Profit before tax has increased from Rs.59.957 million to Rs.62.287 million. This is mainly because the company’s fixed overheads have spread over higher value as well as volume of sales. The company has now policy to do business of products / goods which brings good margin to the Company.
UNSECURED LOAN
|
PARTICULAR |
31.03.2013 (Rs.
In Million) |
31.03.2012 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Intercorporate borrowings |
48.027 |
59.425 |
|
Loans and advances from directors |
229.000 |
127.650 |
|
SHORT TERM BORROWINGS |
|
|
|
Rupee term loans from others |
11.399 |
9.820 |
|
Total |
288.426 |
196.895 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10458730 |
13/11/2013 * |
40,000,000.00 |
KOTAK MAHINDRA
BANK LIMITED |
7TH FLOOR, AMBADEEP
BUILDING, KASTURBA GANDHI MARG, NEW DELHI, DELHI - 110001, INDIA |
B89026553 |
|
2 |
10458736 |
13/11/2013 * |
80,000,000.00 |
KOTAK MAHINDRA
BANK LIMITED |
7TH FLOOR,
AMBADEEP BUILDING, KASTURBA GANDHI MARG, NEW DELHI, DELHI - 110001, INDIA |
B89025696 |
|
3 |
10172332 |
22/03/2014 * |
320,000,000.00 |
KOTAK MAHINDRA
BANK LIMITED |
7TH FLOOR,
AMBADEEP BUILDING, KASTURBA GANDHI MARG, NEW DELHI, DELHI - 110001, INDIA |
C01213776 |
|
4 |
10146012 |
12/05/2011 * |
77,700,000.00 |
KOTAK MAHINDRA BANK
LIMITED |
15-16 UPPER
GROUND FLOOR, AMBADEEP BUILDING, 14, |
B13699509 |
* Date of charge modification
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2013 (Rs.
In Million) |
31.03.2012 (Rs.
In Million) |
|
Bank Guarantee Outstanding |
0.000 |
0.450 |
|
|
|
|
FIXED ASSETS:
Tangible Assets
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Other Equipments
Intangible Assets
· Computer Software
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.63.38 |
|
UK Pound |
1 |
Rs.97.65 |
|
Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
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 |
|
46 |
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.