MIRA
INFORM REPORT
|
Report No. : |
333976 |
|
Report Date : |
30.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
ARVIND INFRASTRUCTURE LIMITED |
|
|
|
|
Registered
Office : |
Arvind Premises, |
|
Tel. No.: |
91-79-30138000 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
26.12.2008 |
|
|
|
|
Com. Reg. No.: |
04-055771 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.100.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45201GJ2008PLC055771 |
|
|
|
|
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 : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is enaged in the business of
developing of commercial and residential units. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is a fully owned subsidiary of Arvind
Limited. It is an established private limited company having satisfactory
track. Rating takes into consideration strong financial risk profile of the
company marked by strong networth base and very low
gearing in FY14. However, company has reported significant increase in its sales
turnover and net profit in the year under consideration, further, net
profitability seems to be strong. General financial position of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of strong managerial and technical support from its holding
company, the subject can be considered for business dealings with some usual
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
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION DENIED
Management non co-operative
Contact No.: 91-79-30138000
LOCATIONS
|
Registered Office : |
Arvind Premises, Naroda Road, Ahmedabad – 380025, Gujarat, India |
|
Tel. No.: |
91-79-30138000 / 30137002 / 30137057 |
|
Fax No.: |
91-79-30137057 |
|
E-Mail : |
DIRECTORS
AS ON 08.08.2014
|
Name : |
Kamal Singal |
|
Designation : |
Managing director |
|
Address : |
E-1103, Safal Parivesh, Near Prahaladnagar Garden, 100 Foot Road, Vejalpur, Ahmedabad - 380051, Gujarat, India |
|
Date of Birth/Age : |
13.08.1985 |
|
Date of Appointment : |
08.05.2015 |
|
DIN No.: |
02524196 |
|
|
|
|
Name : |
Kulin Sanjay Lalbhai |
|
Designation : |
Director |
|
Address : |
Lalbaug, Shahibaug, Ahmedabad - 380004, Gujarat, India |
|
Date of Birth/Age : |
13.08.1985 |
|
Date of Appointment : |
29.03.2013 |
|
DIN No.: |
05206878 |
|
|
|
|
Name : |
Indira Jitendra Parikh |
|
Designation : |
Director |
|
Address : |
Koregaon Park, Lane No. 7, Oxford Hallmark, "B" Building, Flat No. 1001, Pune - 411001, Maharashtra, India |
|
Date of Appointment : |
28.03.2015 |
|
DIN No.: |
00143801 |
|
|
|
|
Name : |
Prem Prakash Pangotra |
|
Designation : |
Director |
|
Address : |
6 Prasthan Appartment, Navrangpura, Ahmedabad - 380009, Gujarat, India |
|
Date of Appointment : |
28.03.2015 |
|
DIN No.: |
00844391 |
|
|
|
|
Name : |
Pratul Krishnakant Shroff |
|
Designation : |
Director |
|
Address : |
10, Rushil Bunglows, Near Judges' Bunglow, Bodakdev, Ahmedabad - 380054, Gujarat, India |
|
Date of Appointment : |
28.03.2015 |
|
DIN No.: |
00162576 |
|
|
|
|
Name : |
Sanjaybhai Shrenikbhai Lalbhai |
|
Designation : |
Director |
|
Address : |
Lalbaug, Shahibaug, Ahmedabad - 380004, Gujarat, India |
|
Date of Appointment : |
28.03.2015 |
|
DIN No.: |
00008329 |
KEY EXECUTIVES
|
Name : |
Kamal Singal |
|
Designation : |
Chief Executivew Officer (CEO) |
|
Address : |
E-1103, Safal Parivesh, Near Prahaladnagar Garden, 100 Foot Road, Vejalpur, Ahmedabad – 380051, Gujarat, India |
|
Date of Birth/Age : |
13.08.1985 |
|
PAN No.: |
AIIPS4380D |
|
Date of Appointment : |
28.03.2015 |
|
|
|
|
Name : |
Prakash B Makwana |
|
Designation : |
Secretary |
|
Address : |
B-403, Pushpraj Towers, Boadakdev, Ahmedabad - 380054, Gujarat, India |
|
Date of Birth/Age : |
25.02.1959 |
|
PAN No.: |
AAPPM7117B |
|
Date of Appointment : |
13.09.2013 |
|
|
|
|
Name : |
Mehul Chaitanyabhai Shah |
|
Designation : |
Chief Financial Officer (CFO) |
|
Address : |
B/11, Avani Flats, Near Jariwala Park, Navrangpura, Ahmedabad - 380009, Gujarat, India |
|
PAN No.: |
ALXPS5280L |
|
Date of Appointment : |
28.03.2015 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 08.08.2014
|
Names of Shareholders |
|
No. of Shares |
|
Arvind Limited, India |
|
10049994 |
|
Hemen H. Shah |
|
1 |
|
Jayesh N. Thakkar |
|
1 |
|
Rohit S. Jani |
|
1 |
|
Devanshu S. Desai |
|
1 |
|
Bharat P. Patel |
|
1 |
|
Dinesh C. Oza |
|
1 |
|
|
|
0 |
|
Total |
|
10050000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 08.08.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial
institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is enaged in the business of
developing of commercial and residential units. |
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Products / Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined b y the management. |
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Bankers : |
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Auditors : |
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|
Name : |
G.K. Chokshi and Company Chartered Accountants |
|
Address : |
Madhuban, Near Madalpur Underbridge, Ellisbridge, Ahmedabad – 380006, India |
|
PAN No.: |
AAAFG7623H |
|
|
|
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Memberships : |
-- |
|
|
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|
Collaborators : |
--- |
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|
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|
Holding company : |
Arvind Limited [L17119GJ1931PLC000093] |
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|
Fellow Subsidiary Company : |
· Arvind Accel Limited [U29100GJ2008PLC053226] · Arvind Brands and Retail Limited [U52609GJ2007PLC051974] · Asman Investments Limited [U65910GJ1981PLC004408] |
|
|
|
|
Subsidiary company
: |
· Ahmedabad East Infrastructure LLP · Arvind Hebbal Homes Private Limited [U45200GJ2011PTC066023] · Arvind Industrial Infra (one) LLP · Arvind Altura · Arvind Alcove · Arvind Five Homes LLP · Arvind Infracon LLP · Changodar Industrial Infrastructure (one) LLP |
|
|
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|
Joint venture: |
· Arvind and Smart Value Homes LLP · Arvind BSafal Homes LLP |
|
|
|
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Associate company : |
Arvind BSAFAL Homes- LLP |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
Aura Securities Private Limited [U51909GJ2000PTC038248] |
CAPITAL STRUCTURE
AFTER 08.08.2014
Authorised Capital : Rs.270.000 Million
Issued, Subscribed & Paid-up Capital : Rs.258.243 Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
270,000,000 |
Equity Shares |
Rs.1/- each |
Rs.270.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,500,000 |
Equity Shares |
Rs.10/- each |
Rs.100.500 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 |
100.500 |
10.500 |
0.500 |
|
(b) Reserves & Surplus |
1053.149 |
150.303 |
27.899 |
|
(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) |
1153.649 |
160.803 |
28.399 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.332 |
0.446 |
0.755 |
|
(c) Other long term
liabilities |
0.787 |
0.482 |
0.000 |
|
(d) long-term provisions |
1.426 |
1.164 |
0.818 |
|
Total Non-current
Liabilities (3) |
2.545 |
2.092 |
1.573 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
5.753 |
11.400 |
330.740 |
|
(b) Trade payables |
349.594 |
347.475 |
4.394 |
|
(c) Other current
liabilities |
860.973 |
1133.468 |
53.642 |
|
(d) Short-term provisions |
11.724 |
2.811 |
0.042 |
|
Total Current Liabilities
(4) |
1228.044 |
1495.154 |
388.818 |
|
|
|
|
|
|
TOTAL |
2384.238 |
1658.049 |
418.790 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
13.097 |
12.455 |
5.137 |
|
(ii) Intangible Assets |
0.283 |
1.497 |
2.793 |
|
(iii) Capital
work-in-progress |
0.023 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.054 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.844 |
0.200 |
0.149 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
390.624 |
384.982 |
0.506 |
|
(e) Other Non-current
assets |
41.233 |
29.097 |
0.017 |
|
Total Non-Current Assets |
446.158 |
428.231 |
8.602 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
902.950 |
259.909 |
194.515 |
|
(b) Inventories |
416.621 |
519.557 |
96.294 |
|
(c) Trade receivables |
2.548 |
26.931 |
1.862 |
|
(d) Cash and cash
equivalents |
12.215 |
21.046 |
5.671 |
|
(e) Short-term loans and
advances |
603.746 |
402.375 |
111.846 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
1938.080 |
1229.818 |
410.188 |
|
|
|
|
|
|
TOTAL |
2384.238 |
1658.049 |
418.790 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
436.043 |
259.729 |
69.702 |
|
|
Other Income |
0.477 |
1.838 |
0.918 |
|
|
TOTAL |
436.520 |
261.567 |
70.620 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
116.245 |
(420.694) |
(68.598) |
|
|
Employees benefits
expense |
51.811 |
38.046 |
10.549 |
|
|
Other expenses |
106.740 |
517.013 |
67.605 |
|
|
TOTAL |
274.796 |
134.365 |
9.556 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
161.724 |
127.202 |
61.064 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
42.221 |
92.670 |
32.068 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
119.503 |
34.532 |
28.996 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.768 |
2.437 |
1.712 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
116.735 |
32.095 |
27.284 |
|
|
|
|
|
|
|
Less |
TAX |
23.888 |
(0.308) |
0.240 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
92.847 |
32.403 |
27.044 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
60.303 |
27.899 |
0.855 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
153.150 |
60.303 |
27.899 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
11.89 |
226.36 |
540.88 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(222.602) |
404.691 |
38.611 |
|
Net cash flows from (used in) operating activities |
(276.667) |
350.917 |
21.512 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
21.29 |
12.48 |
38.80 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
37.09 |
48.97 |
87.61 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.90 |
1.94 |
6.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.20 |
0.96 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.07 |
11.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.58 |
0.82 |
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 |
0.500 |
10.500 |
100.500 |
|
Reserves & Surplus |
27.899 |
150.303 |
1053.149 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
28.399 |
160.803 |
1153.649 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
330.740 |
11.400 |
5.753 |
|
Total borrowings |
330.740 |
11.400 |
5.753 |
|
Debt/Equity ratio |
11.646 |
0.071 |
0.005 |
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 |
69.702 |
259.729 |
436.043 |
|
|
|
272.628 |
67.884 |
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 |
69.702 |
259.729 |
436.043 |
|
Profit |
27.044 |
32.403 |
92.847 |
|
|
38.80% |
12.48% |
21.29% |
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 |
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 |
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 |
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) |
|
Short-term
borrowings |
|
|
|
Intercorporate borrowings |
5.753 |
11.400 |
|
|
|
|
|
Total |
5.753 |
11.400 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10516256 |
01/07/2014 |
640,825.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL |
C17647058 |
|
2 |
10511972 |
15/05/2014 |
1,312,123.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C14412829 |
|
3 |
10511970 |
15/05/2014 |
1,390,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C14414080 |
FIXED ASSETS
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
· 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,
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.63.89 |
|
|
1 |
Rs.99.71 |
|
Euro |
1 |
Rs.70.63 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
|
52 |
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.