MIRA INFORM REPORT
|
Report No. : |
333161 |
|
Report Date : |
22.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
MODI INFOSOL PRIVATE LIMITED (w.e.f. 07.11.2009) |
|
|
|
|
Formerly Known
As : |
MODI PERIPHERALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No.17, Building No.5 A Mittal Industrial Estate, Andheri Kurla
Road, Andheri (East), Mumbai – 400059, Maharashtra |
|
Tel. No.: |
91-22-28500309 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
02.01.1987 |
|
|
|
|
Com. Reg. No.: |
11-042085 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.275 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U70100MH1987PTC042085 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM19310E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCM4507G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Trader of Computer Peripherals. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having moderate track record. Management has failed to file its financial record with government department for the 2014. The company possesses moderate operational performance and reported lower profitability margins at 0.63% during FY 2013. Rating further constrained on account of company's moderate financial risk profile marked by modest net worth and leverage balance sheet profile of the company. However, trade relations are reported as fair. Payments are reported to be slow but correct. In view of aforesaid, the company can be considered for business dealing 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 PARTED BY (GENERAL DETAILS)
|
Name : |
Ms. Mary |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-40843333 |
|
Date : |
21.07.2015 |
LOCATIONS
|
Registered Office : |
Unit No.17, Building No.5 A Mittal Industrial Estate, Andheri Kurla
Road, Andheri (East), Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-28500309 / 66432664 |
|
Fax No.: |
91-22-28863582 |
|
E-Mail : |
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|
Website : |
|
|
|
|
|
Branches : |
101, Skipper Corner, 88, Nehru Place, Delhi – 110019, India |
|
Tel. No.: |
91-11-40746900 |
|
Fax No.: |
91-11-26425958 |
|
|
|
|
Branches : |
9, Hanuman Taerrace, |
|
Tel. No.: |
91-22-40183333 |
|
Fax No.: |
91-22-23863582 |
|
|
|
|
Other Branches : |
Located At:
|
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Brijnand Bihari Satyanarayan Modi |
|
Designation : |
Director |
|
Address : |
Flat No. 32, Nidhi Apartment No. 1, Nana Shankar Seth,
Road, Liberty Garden Road No. 3, Malad (West), Mumbai - 400064, Maharashtra,
India |
|
Date of Birth/Age : |
03.08.1960 |
|
Date of Appointment : |
02.01.1987 |
|
DIN No.: |
00577002 |
|
|
|
|
Name : |
Mr. Anuj Jagdish Prasad Modi |
|
Designation : |
Director |
|
Address : |
15-199, Malviya Nagar, New Delhi – 110017, India |
|
Date of Birth/Age : |
01.03.1982 |
|
Date of Appointment : |
02.07.2007 |
|
DIN No.: |
00596074 |
|
|
|
|
Name : |
Mr. Atul Jagdishprasad Modi |
|
Designation : |
Director |
|
Address : |
15-199, Malviya Nagar, New Delhi – 110017, India |
|
Date of Birth/Age : |
20.11.1980 |
|
Date of Appointment : |
02.07.2007 |
|
DIN No.: |
00610488 |
|
|
|
|
Name : |
Mr. Shyam Sunder Satyanaraya Modi |
|
Designation : |
Director |
|
Address : |
15/199, Malviya Nagar, New Delhi-110017, India |
|
Date of Birth/Age : |
09.09.1957 |
|
Date of Appointment : |
02.01.1987 |
|
DIN No.: |
01221009 |
|
|
|
|
Name : |
Mr. Jagdish Prasad Satyanarayan Modi |
|
Designation : |
Director |
|
Address : |
15/199, Malviya Nagar, New Delhi-110017, India |
|
Date of Birth/Age : |
06.04.1952 |
|
Date of Appointment : |
02.01.1987 |
|
DIN No.: |
01221113 |
|
|
|
|
Name : |
Mr. Vivek Jagdishprasad Modi |
|
Designation : |
Director |
|
Address : |
199/15, Malviya Nagar, New Delhi-110017, India |
|
Date of Birth/Age : |
05.07.1983 |
|
Date of Appointment : |
22.06.2009 |
|
DIN No.: |
02861396 |
KEY EXECUTIVES
|
Name : |
Ms. Mary |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Maheshchand Modi |
|
7200 |
|
Brijnandbihari Modi |
|
28750 |
|
Satyanarayan Modi |
|
15100 |
|
Atul J. Modi |
|
70200 |
|
Rekha Modi |
|
4100 |
|
Jagdishprasad Modi |
|
227800 |
|
Shyamsunder Modi |
|
61600 |
|
Kalpana Modi |
|
4100 |
|
Deepa Modi |
|
100 |
|
Vivek J. Modi |
|
46400 |
|
Anuj J Modi |
|
100100 |
|
Tarun S Modi |
|
8700 |
|
Pooja M Modi |
|
100 |
|
Santosh Modi |
|
1100 |
|
Usha Modi |
|
3250 |
|
Invesca Shares Securities Limited, India |
|
45000 |
|
Divya A. Modi |
|
63400 |
|
Shruti Modi |
|
6000 |
|
Manisha A. Modi |
|
98000 |
|
Ankit Modi |
|
3000 |
|
Rahul Modi |
|
2000 |
|
B.B.Modi HUF |
|
30000 |
|
M.C.Modi HUF |
|
7000 |
|
S.N.Modi HUF |
|
5000 |
|
J.P.Modi HUF |
|
27500 |
|
Atul Modi HUF |
|
12500 |
|
S.S.Modi HUF |
|
42500 |
|
Akash Modi |
|
500 |
|
Anuj Modi HUF |
|
5000 |
|
Nidhi V. Modi |
|
1500 |
|
TOTAL |
|
927500 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
4.85 |
|
Directors or relatives of Directors |
95.15 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Computer Peripherals. |
|
|
|
|
Products : |
Computer Peripherals |
|
|
|
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Brand Names : |
Not Available |
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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 : |
Cash, Cheque and Credit |
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Purchasing : |
Cash, Cheque and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
Tel No.: 91-22-66521000
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Facilities : |
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Banking
Relations : |
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Auditors : |
|
|
Name : |
K.K. Khadaria and Company Chartered Accountants |
|
Address : |
401 – A, Pearl Arcade, Opposite P.K. Jewellers, Off |
|
Tel. No.: |
91-22-26778155 / 26797750/26783178 |
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Fax No.: |
91-22-26781187 |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFK7563L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises over
which Key Management Personnel are able to exercise significant influence: |
|
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
927500 |
Equity Shares |
Rs.10/- each |
Rs. 9.275 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 |
9.275 |
9.275 |
9.275 |
|
(b) Reserves & Surplus |
25.950 |
20.238 |
17.383 |
|
(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) |
35.225 |
29.513 |
26.658 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
1.199 |
1.876 |
1.108 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.460 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
1.659 |
1.876 |
1.108 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
77.084 |
65.777 |
48.744 |
|
(b) Trade
payables |
168.593 |
116.970 |
80.296 |
|
(c) Other
current liabilities |
6.471 |
9.667 |
5.652 |
|
(d) Short-term
provisions |
1.851 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
253.999 |
192.414 |
134.692 |
|
|
|
|
|
|
TOTAL |
290.883 |
223.803 |
162.458 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
7.305 |
8.844 |
6.359 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax
assets (net) |
0.703 |
0.519 |
0.448 |
|
(d) Long-term Loan and Advances |
3.140 |
4.102 |
5.454 |
|
(e) Other
Non-current assets |
0.028 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
11.176 |
13.465 |
12.261 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
124.828 |
85.317 |
78.199 |
|
(c) Trade
receivables |
137.898 |
117.584 |
63.672 |
|
(d) Cash
and cash equivalents |
4.094 |
5.792 |
2.297 |
|
(e)
Short-term loans and advances |
0.092 |
0.000 |
0.017 |
|
(f) Other
current assets |
12.795 |
1.645 |
6.012 |
|
Total
Current Assets |
279.707 |
210.338 |
150.197 |
|
|
|
|
|
|
TOTAL |
290.883 |
223.803 |
162.458 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
895.684 |
809.783 |
629.582 |
|
|
|
Other Income |
0.850 |
1.285 |
0.744 |
|
|
|
TOTAL |
896.534 |
811.068 |
630.326 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
625.379 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
NA |
4.947 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
1.567 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
5.631 |
2.855 |
3.380 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.07 |
3.08 |
3.64 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
0.650 |
0.725 |
0.160 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin PAT/ Sales |
(%) |
0.63 |
0.35 |
0.54 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA
|
3.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA
|
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.24 |
2.32 |
1.88 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.10
|
1.09
|
1.12 |
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 |
9.275 |
9.275 |
9.275 |
|
Reserves & Surplus |
17.383 |
20.238 |
25.950 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
26.658 |
29.513 |
35.225 |
|
|
|
|
|
|
long-term borrowings |
1.108 |
1.876 |
1.199 |
|
Short term borrowings |
48.744 |
65.777 |
77.084 |
|
Current maturities of
long-term debts |
0.160 |
0.725 |
0.650 |
|
Total
borrowings |
50.012 |
68.378 |
78.933 |
|
Debt/Equity
ratio |
1.876 |
2.317 |
2.241 |
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 |
629.582 |
809.783 |
895.684 |
|
|
|
28.622 |
10.608 |
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 |
629.582 |
809.783 |
895.684 |
|
Profit |
3.380 |
2.855 |
5.631 |
|
|
0.54% |
0.35% |
0.63% |
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 |
Yes |
|
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
FINANCIAL RESULTS:-
The Company has achieved a sales turnover of Rs. 895.684 Million and earned Profit of Rs 5.631. Million
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Million) |
31.03.2012 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Loans and Advances from related parties |
16.653 |
6.293 |
|
|
|
|
|
Total |
16.653 |
6.293 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10526002 |
15/07/2014 |
230,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C29743788 |
|
2 |
10395217 |
16/12/2013 * |
45,000,000.00 |
UNION BANK OFINDIA |
OPERA HOUSE
BRANCH,, TEJURA CHAMBERS,365/367, V.P |
B95646709 |
|
3 |
10213904 |
31/07/2014 * |
170,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C30570444 |
* Date of charge modification
CONTINGENT
LIABILITIES:
RS. IN MILLION
|
PARTICULARS |
31.03.2013 |
|
Guarantee given by bank on behalf of the Company (Margin Money kept by
way of Fixed deposit Rs. 0.017 million, P. Y. Rs. 0.962 million) |
0.116 |
|
Letter of Credit issued by Bank
(Margin Money kept by way of Fixed deposit Rs. 1.860 million, P. Y. Rs. 3.409 million) |
12.400 |
FIXED ASSETS
- Building
- Plant and Machinery
- Furniture and Fixtures
- Electric Installation
- Motor Vehicle
- Type Writer
- Computer and Software
- Air Conditioner
- Office Equipments
- Refrigerator
- Motor Bike
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.63.65 |
|
UK Pound |
1 |
Rs.99.14 |
|
Euro |
1 |
Rs.68.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.