MIRA INFORM REPORT

 

 

Report No. :

333787

Report Date :

27.07.2015

 

IDENTIFICATION DETAILS

 

Name :

D S V CHEMICALS PRIVATE LIMITED

 

 

Registered Office :

27, Tejpal Scheme Road No.5, Vile Parle (East), Mumbai – 400 057, Maharashtra

Tel. No.:

91-22-26120141

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

10.09.1980

 

 

Com. Reg. No.:

11-023091

 

 

Capital Investment / Paid-up Capital :

Rs. 1.004 Million

 

 

CIN No.:

[Company Identification No.]

U24220MH1980PTC023091

 

 

IEC No.:

0388007923

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMD09629E

 

 

PAN No.:

[Permanent Account No.]

AAACD4605J

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer, Exporter and Importer of Natural polymers and modified natural polymer.

 

 

No. of Employees :

Not Divulged

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca (13)

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Slow

 

 

Litigation :

Clear

 

 

Comments :

DSV Chemicals Private Limited is a Private Company incorporated on 10th September, 1980.

 

It is classified as Indian Non-Government Company and registered at Registrar of Companies, Mumbai. Its authorized share capital is Rs. 5,000,000 and its paid up capital is Rs. 1,003,700.

 

It is an established company having a moderate track.

 

The company has incurred a huge accumulated loss which has eroded the Net worth of the company.

 

However, Business is active. Payment terms are slow.

 

The company can be considered for business dealings on safe and secured 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.

 

 

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

 

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. Suresh Pawar

Designation :

Sales Manager

Contact No.:

91-22-26120141

Date :

25.07.2015

 

LOCATIONS

 

Registered Office :

27, Tejpal Scheme Road No.5, Vile Parle (East), Mumbai – 400 057, Maharashtra, India

Tel. No.:

91-22-26120141/ 26120142/ 26120145

Fax No.:

91-22-26120147

E-Mail :

sales@dsv-chemicals.com

export@dsv-chemicals.com

sales_@dsv-chemicals.com

dmsathaye@gmail.com

Website :

http://dsv-chemicals.com

 

 

Factory  :

Plot No. 10, Village Essambe, Post Majgaon, Taluka, Khalapur, District Raigad-410220, Maharashtra, India

 

 

Corporate Office 1:

202, Gokul Arcade – B, Subhash Road, Vile Parle (East), Mumbai – 400057, Maharashtra, India

 

 

Corporate Office 2:

401, ‘E’, Square, Subhash Road, Vile Parle (East), Mumbai – 400057, Maharashtra, India

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Mr. Dhananjay Madhusudan Sathaye

Designation :

Director

Address :

Vinayak, 27, Tejpal Scheme, Road No. 5, Vile Parle (East), Mumbai - 400057, Maharashtra, India

Date of Birth/Age :

26.04.1951

Date of Appointment :

01.11.1980

DIN No.:

00538712

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Company/ LLP Status

Defaulting status

1

U24220MH1980PTC023091

D S V CHEMICALS PRIVATE LIMITED

Director

01/11/1980

01/11/1980

Active

NO

2

U24220MH1970PTC014832

UNITED INK AND VARNISH COMPANY PRIVATE LIMITED

Managing director

01/07/1984

01/07/1984

Active

NO

3

U65990MH1993PTC074800

SWADHAN INVESTMENTS P LIMITED

Director

01/11/1993

01/11/1993

Active

NO

4

U24223MH1995PTC090016

UNITED INK AND CHEMICALS PRIVATE LIMITED

Director

28/06/1995

28/06/1995

Active

NO

5

U99999MH1996PTC095852

UNITED SPECIALITY INKS PRIVATE LIMITED

Director

02/01/1996

02/01/1996

Active

NO

6

U91110MH1953NPL009087

ALL INDIA PRINTING INK MANUFACTURERS ASSOCIATION LIMITED

Director

16/09/2005

16/09/2005

Active

NO

 

 

Name :

Mrs. Swati Dhananjay Sathaye

Designation :

Director

Address :

Vinayak, 27, Tejpal Scheme, Road No.5, Vile Parle (East), Mumbai - 400057, Maharashtra, India

Date of Birth/Age :

23.11.1957

Date of Appointment :

01.09.1981

DIN No.:

00538717

Other Directorship :

S.NO.

CIN/LLPIN

NAME OF THE COMPANY/ LLP

CURRENT DESIGNATION OF THE DIRECTOR/ DESIGNATED PARTNER

DATE OF APPOINTMENT AT CURRENT DESIGNATION

ORIGINAL DATE OF APPOINTMENT

COMPANY/ LLP STATUS

DEFAULTING STATUS

1

U24220MH1980PTC023091

D S V CHEMICALS PRIVATE LIMITED

DIRECTOR

01/09/1981

01/09/1981

ACTIVE

NO

2

U65990MH1993PTC074800

SWADHAN INVESTMENTS P LIMITED

DIRECTOR

01/11/1993

01/11/1993

ACTIVE

NO

3

U24220MH1970PTC014832

UNITED INK AND VARNISH COMPANY PRIVATE LIMITED

WHOLE-TIME DIRECTOR

01/10/1996

01/10/1996

ACTIVE

NO

4

U99999MH1996PTC095852

UNITED SPECIALITY INKS PRIVATE LIMITED

DIRECTOR

31/05/1997

31/05/1997

ACTIVE

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Suresh Pawar

Designation :

Sales Manager

 

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2014

 

Names of Equity Shareholders

No. of Shares

 

Dhananjay M. Sathaye

2675

Vijay M Sathaye

200

Gaurav D. Sathaye

1000

Meghana A. Chandrachud

1000

Swati D. Sathaye

2700

D. M. Sathaye – HUF

1425

D. M. Sathaye Family Trust, India

500

S. D. Sathaye Family Trust, India

500

Total

 

10000

 

 

Names of Preference Shareholders

No. of Shares

 

Govind D. Kelkar

10

Sudha G. Kelkar

10

G. D. Kelkar

10

Mangala R. Mishra

1

Ramapati Mishra (HUF)

1

Dattatraya S. Bhate

1

Shiv Gorowara

1

Sunil Khilnani

1

Haresh Khilnani

1

Kanta S. Gorowara

1

Total

 

37

 

 

AS ON 30.09.2014

 

Equity Share Breakup

Percentage of Holding

Category

 

Directors or relatives of directors

100.00

 

 

Total

 

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer Exporter and Importer of Natural polymers and modified natural polymer.

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Cash, L/C and Credit

 

 

Purchasing :

Cash, L/C and Credit

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

Customers :

Wholesalers and Retailers

 

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

No. of Employees :

Not Divulged

 

 

Bankers :

Bank Name:

The Saraswat Cooperative Bank Limited

Branch:

Vile Parle, Mumbai, Maharashtra, India

Person Name (with Designation):

Not Divulged

Contact Number:

Not Divulged

Name of Account Holder:

Not Divulged

Account Number:

Not Divulged

Account Since (Date/ Year of A/c Opening):

Not Divulged

Average Balance Maintained (Optional):

Not Divulged

Credit Facilities Enjoyed (CC/OD/Term Loan):

Not Divulged

Account Operation:

Not Divulged

Remarks:

Not Divulged

 

·         The Shamrao Vithal, Cooperative Bank Limited, Vile Parle, Mumbai, Maharashtra, India

 

 

Facilities :

SECURED LOANS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

Secured Loans From Banks

 

 

Term Loans

18.256

5.837

SHORT TERM BORROWINGS

 

 

Cash Credit

50.215

63.140

Total

 

68.471

68.977

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Sarda and Pareek

Chartered Accountants

Address :

Mahavir Apartments, 3rd Floor, 598, M.G. Road, Vile Parle (East), Mumbai – 400057, Maharashtra, India

Tel. No.:

91-22-26101124/ 26

Fax No.:

91-22-26134015

E-Mail :

spca@sardapareek.com

Income-tax PAN of auditor or auditor's firm :

AACFS5674A

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :

·         United Ink and Varnish Company Private Limited

·         United Speciality Inks Private Limited

·         Swadhan Investments Private Limited

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

49,000

Equity Shares

Rs. 100/- each

Rs. 4.900 Million

1,000

Preference Shares

Rs. 100/- each

Rs. 0.100 Million

 

Total

 

Rs. 5.000 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

10,000

Equity Shares

Rs. 100/- each

Rs. 1.000 Million

37

Preference Shares

Rs. 100/- each

Rs. 0.004 Million

 

Total

 

Rs. 1.004 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

1.004

1.004

1.004

(b) Reserves & Surplus

(79.297)

(54.812)

(23.923)

(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)

(78.293)

(53.808)

(22.919)

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

132.798

106.692

156.948

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

0.831

0.773

0.395

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

133.629

107.465

157.343

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

50.215

63.140

0.000

(b) Trade payables

87.918

64.778

67.930

(c) Other current liabilities

16.134

13.420

12.500

(d) Short-term provisions

0.000

0.000

0.000

Total Current Liabilities (4)

154.267

141.338

80.430

 

 

 

 

TOTAL

209.603

194.995

214.854

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

29.607

31.648

37.217

(ii) Intangible Assets

0.039

0.270

0.502

(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

0.510

0.510

0.510

(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

1.455

1.250

1.403

Total Non-Current Assets

31.611

33.678

39.632

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

36.101

34.970

37.436

(c) Trade receivables

128.699

114.941

127.062

(d) Cash and cash equivalents

3.454

2.937

4.487

(e) Short-term loans and advances

9.738

8.469

6.237

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

177.992

161.317

175.222

 

 

 

 

TOTAL

209.603

194.995

214.854

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Income

208.416

170.512

190.737

 

 

Other Income

1.107

0.568

0.284

 

 

TOTAL                                     (A)

209.523

171.080

191.021

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Materials Consumed

164.015

125.646

159.672

 

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

(3.530)

3.489

(0.462)

 

 

Employees benefits expense

16.118

16.939

11.615

 

 

Other expenses

35.967

33.378

24.979

 

 

TOTAL                                     (B)

212.570

179.452

195.804

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)     (C)

(3.047)

(8.372)

(4.783)

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

15.338

16.509

21.294

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                               (E)

(18.385)

(24.881)

(26.077)

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

6.100

6.008

5.905

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE TAX (E-F)                 (G)

(24.485)

(30.889)

(31.982)

 

 

 

 

 

Less

TAX                                                                  (H)

0.000

0.000

1.120

 

 

 

 

 

 

PROFIT/ (LOSS) AFTER TAX (G-H)                   (I)

(24.485)

(30.889)

(33.102)

 

 

 

 

 

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

F.O.B. Value of Exports

53.435

17.140

16.175

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Materials

12.112

6.169

9.606

 

 

 

 

 

 

Earnings/ (Loss) Per Share (Rs.)

(2448.48)

(3088.90)

(3310.19)

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

11.648

9.412

8.534

 

 

 

 

Cash Generated from Operations

(6.590)

6.466

9.571

 

 

 

 

Net Cash In Flow/ (Out Flow) from Operating Actives

(21.928)

(10.043)

(11.510)

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

(11.75)

(18.12)

(11655.63)

 

 

 

 

 

Operating Profit Margin

(PBDIT/Sales)

(%)

(1.46)

(4.91)

(1684.15)

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

(11.71)

(15.88)

(14.92)

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.31

0.57

1.40

 

 

 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 

(2.49)

(3.33)

(7.22)

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.15

1.14

2.18

 

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

 

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

1.004

1.004

1.004

Reserves & Surplus

(23.923)

(54.812)

(79.297)

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

(22.919)

(53.808)

(78.293)

 

 

 

 

Long-term borrowings

156.948

106.692

132.798

Short term borrowings

0.000

63.140

50.215

CURRENT MATURITIES OF LONG-TERM DEBTS

8.534

9.412

11.648

Total borrowings

165.482

179.244

194.661

Debt/Equity ratio

(7.220)

(3.331)

(2.486)

 

 

 

 

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)

Sales

190.737

170.512

208.416

 

 

(10.604)

22.230

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

190.737

170.512

208.416

Profit/ (Loss)

(33.102)

(30.889)

(24.485)

 

(17.35%)

(18.12%)

(11.75%)

 

 

 

 

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

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

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10555041

11/03/2015

5,000,000.00

THE SARASWAT COOPERATIVE BANK LIMITED

SME VILE PARLE BRANCH, BHOLANATH CO-OP HSG SOC, S 
UBHASH ROAD, VILE PARLE EAST, MUMBAI - 400057, MAHARASHTRA , INDIA

C46657334

2

10134591

05/12/2008

3,000,000.00

THE SARASWAT CO-OPERATIVE  BANK LIMITED

VILE PARLE BRANCH, VILE PARLE (EAST), MUMBAI - 400057, MAHARASHTRA, INDIA

A53214698

3

10089675

17/01/2008

72,500,000.00

THE SHAMRAO VITHAL CO-OPERATIVE  BANK LIMITED

"GEETANJALI" NEHRU ROAD,, VILE PARLE (EAST), MUMBAI - 400057, MAHARASHTRA, INDIA

A33069170

4

10049933

03/05/2007

25,000,000.00

THE SARASWAT CO-OPERATIVE  BANK LIMITED ( LEAD BANKERS)

VILE PARLE BRANCH, VILE PARLE EAST, MUMBAI - 400057, MAHARASHTRA, INDIA

A14891865

5

90163900

17/08/1999

2,500,000.00

THE SARASWAT CO-OPERATIVE  BANK LIMITED

VILE PARLE, MUMBAI - 400057, MAHARASHTRA, INDIA

-

6

90160973

09/03/2015 *

116,022,000.00

THE SARASWAT COOPERATIVE BANK LIMITED (LEAD BANKER)

SME VILE PARLE BRANCH, BHOLANATH CO-OP HSG SOC, S 
UBHASH ROAD, VILE PARLE EAST, MUMBAI - 400057, MAHARASHTRA , INDIA

C49775356

7

90163723

03/05/2007 *

8,000,000.00

THE SARASWAT CO-OPERATIVE  BANK LIMITED ( LEAD BANKERS)

VILE PARLE BRANCH, VILE PARLE EAST, MUMBAI - 400057, MAHARASHTRA, INDIA

-

8

90163703

15/02/2010 *

76,500,000.00

THE SARASWAT COOPERATIVE BANK LIMITED (LEAD BANKERS)

SME VILE PARLE BRANCH, BHOLANATH CO-OPERATIVE  HOUSING SOCIETY, S 
UBHASH ROAD, VILE PARLE EAST, MUMBAI - 400057, MAHARASHTRA , INDIA

A82252511

9

90162893

29/03/1995 *

8,500,000.00

JANATA SAHAKARI BANK LIMITED

PUNE SREEKUNJ SOCIETY, HANUMAN ROAD; VILE PARLE (EAST), BOMBAY - 400057, MAHARASHTRA, INDIA

-

10

90162627

03/07/1992

7,200,000.00

JANATA SAHAKRI BANK LIMITED

PUNE VILE PARLE BRANCH, BOMBAY, MAHARASHTRA, INDIA

-

 

 

 

UNSECURED LOANS

 

PARTICULARS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

From Members, Directors and Relatives

77.662

60.959

Vehicle Loan

0.000

0.153

Incorporate Deposits

24.171

22.495

Deferred Sales Tax

12.709

17.248

Total

 

114.542

100.855

 

 

THE YEAR IN RETROSPECT AND OUTLOOK:

 

During last financial year, there was rise in turnover by about by 21% which in turn led to improvement in operating margin. They also tried to improve operating margin further by increase in prices, market positioning, responses to which was not very encouraging. They are hopeful that with better market reach and communication they will regain their market share for which they have taken all necessary steps. They also hope to have better exports of both inks and resins in coming years.



FIXED ASSETS:

 

·         Freehold Land

·         Plant, Machinery and Equipment’s

·         Electrical Installations

·         Vehicles

·         Computers

·         Furniture and Fixtures

·         Air Conditioners

·         Fire Control System

 

 

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 records 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.63.89

UK Pound

1

Rs.99.10

Euro

1

Rs.70.12

 

 

INFORMATION DETAILS

 

Information Gathered by :

DIP

 

 

Analysis Done by :

RAS

 

 

Report Prepared by :

ARC

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

3

PAID-UP CAPITAL

1~10

2

OPERATING SCALE

1~10

1

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

1

--PROFITABILIRY

1~10

1

--LIQUIDITY

1~10

1

--LEVERAGE

1~10

1

--RESERVES

1~10

1

--CREDIT LINES

1~10

2

--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

 

13

 

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

 

--

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.