MIRA
INFORM REPORT
|
Report No. : |
323380 |
|
Report Date : |
01.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
BERACHAH FLEXI PACK PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 291, Zak Industrial Area, |
|
Tel. No.: |
91-79-26582507 |
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Country : |
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|
|
|
Financials (as
on) : |
31.03.2014 |
|
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|
|
Date of
Incorporation : |
18.12.2008 |
|
|
|
|
Com. Reg. No.: |
04-055707 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs.10.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25202GJ2008PTC055707 |
|
|
|
|
IEC NO.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
Not Available |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Packaging Material, Plastic packaging pouch, Flexible
pouch, Printing Material |
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|
|
No. of Employees
: |
35 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 34000 |
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|
Status : |
Moderate |
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|
|
Payment Behaviour : |
Slow but Correct |
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|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track. The company has reported better increase in its turnover, whereas
recorded low profitability during FY 2014. The company has low reserves thanks
to its low profit margin due to highly competitive packaging industry.
Further, It has average liquidity profile marked by favorable gap between
trade receivables and payables. Trade relations are fair. Business is active. Payment terms are slow
but correct. In the view of aforesaid, subject can be considered for business
dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Manish Patel |
|
Designation : |
Marketing Manager |
|
Contact No.: |
91-9099907524 |
|
Date : |
22.05.2015 |
LOCATIONS
|
Registered Office/Factory : |
Plot No. 291, Zak Industrial Area, Kadadara Road Gam, Zak, Dahegam,
Gandhinagar - 382305, Gujarat, India |
|
Tel. No.: |
91-79-26582507 |
|
Mobile No.: |
91-9099907524,9009996889 (Mr. Manish) |
|
Fax No.: |
Not Available |
|
E-Mail : |
bfput@yahoo.com Rfjain1234@yahoo.com |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Yatin Ambaidas Patel |
|
Designation : |
Director |
|
Address : |
AT-Kanesar, Khanpur, Godhra, Ahmedabad - 389230, Gujarat, India |
|
Date of Birth/Age : |
18.10.1974 |
|
Date of Appointment : |
18.12.2008 |
|
DIN No.: |
02413540 |
|
|
|
|
Name : |
Mr. Yogesh Hiralal Patel |
|
Designation : |
Director |
|
Address : |
A-1, Happy Home Apartment, Khokhra, Mehamdabad, Maninagar, Ahmedabad -
389230, Gujarat, India |
|
Date of Birth/Age : |
10.10.1972 |
|
Date of Appointment : |
14.03.2009 |
|
DIN No.: |
02580786 |
|
|
|
|
Name : |
Mrs. Kusum YogeshKumar Patel |
|
Designation : |
Director |
|
Address : |
A-1, Happy Home Apartment, Near Dalal Society, Maninagar (East), Ahmedabad
- 389230, Gujarat, India |
|
Date of Birth/Age : |
01.06.1971 |
|
Date of Appointment : |
20.01.2010 |
|
DIN No.: |
02741108 |
KEY EXECUTIVES
|
Name : |
Mr. Manish Patel |
|
Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Yatin Ambaidas Patel |
172500 |
17.25 |
|
Yogesh Hiralal Patel |
555000 |
55.50 |
|
Kusum YogeshKumar Patel |
272500 |
27.25 |
|
|
|
|
|
Total |
1000000 |
100.00 |
As on 31.03.2015
|
Name of Allotee |
|
No. of Shares |
|
Yogesh Hiralal Patel |
|
750000 |
|
|
|
|
|
Total |
|
750000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Packaging Material, Plastic packaging pouch, Flexible
pouch, Printing Material |
|
|
|
|
Products : |
·
Industrial Packaging Pouches ·
Pharmaceuticals Packaging Pouches ·
Retort Pouch ·
Window Metalized Pouch ·
Agrochemical Packaging Pouches ·
Packaging Pouches For Insect Killer ·
Snack Food Packaging Pouches ·
3 Side Seal Pouch ·
Detergent Packaging Pouches ·
Toiletry Packaging |
|
|
|
|
Brand Names : |
Not Divulged |
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|
|
|
Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
·
USA |
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Imports : |
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|
Products : |
Machinery |
|
Countries : |
·
Italy |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
35 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
Kothari Sangawat and Associates Chartered AccountantS |
|
Address : |
405, Pratibha 1, Opposite Gandhi Gram Railway Station, Ahmedabad -
380006, Gujarat, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AALFK9358G |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
After 30.09.2014
Authorised Capital : Rs. 17.500 Million
Issued, Subscribed & Paid-up Capital : Rs. 17.500
Million
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
10.000 |
10.000 |
4.000 |
|
(b) Reserves & Surplus |
2.237 |
1.807 |
1.155 |
|
(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) |
12.237 |
11.807 |
5.155 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
16.807 |
8.931 |
3.150 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
16.807 |
8.931 |
3.150 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
19.886 |
15.915 |
9.067 |
|
(b) Trade payables |
25.588 |
14.711 |
17.515 |
|
(c) Other current liabilities |
0.653 |
0.446 |
1.041 |
|
(d) Short-term provisions |
0.249 |
0.343 |
0.269 |
|
Total
Current Liabilities (4) |
46.376 |
31.415 |
27.892 |
|
|
|
|
|
|
TOTAL |
75.420 |
52.153 |
36.197 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
26.299 |
13.686 |
7.543 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.193 |
0.253 |
|
(e) Other Non-current assets |
0.570 |
0.579 |
0.534 |
|
Total
Non-Current Assets |
26.869 |
14.458 |
8.330 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.475 |
0.000 |
0.000 |
|
(b) Inventories |
11.427 |
7.098 |
6.539 |
|
(c) Trade receivables |
33.814 |
24.215 |
18.920 |
|
(d) Cash and cash equivalents |
1.073 |
2.577 |
0.580 |
|
(e) Short-term loans and
advances |
1.739 |
3.782 |
1.813 |
|
(f) Other current assets |
0.023 |
0.023 |
0.015 |
|
Total
Current Assets |
48.551 |
37.695 |
27.867 |
|
|
|
|
|
|
TOTAL |
75.420 |
52.153 |
36.197 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
93.185 |
70.231 |
89.225 |
|
|
Other Income |
0.606 |
0.000 |
0.008 |
|
|
TOTAL |
93.791 |
70.231 |
89.233 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
81.478 |
60.387 |
77.934 |
|
|
Purchases of Stock-in-Trade |
(2.392) |
(2.057) |
(0.549) |
|
|
Preliminary and Preoperative
Expenses Written Off |
0.022 |
0.022 |
0.015 |
|
|
Employees benefits expense |
3.339 |
3.650 |
3.886 |
|
|
Other expenses |
4.213 |
3.313 |
4.454 |
|
|
TOTAL
|
86.660 |
65.315 |
85.740 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
7.131 |
4.916 |
3.493 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
4.317 |
2.873 |
1.582 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.814 |
2.043 |
1.911 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
2.164 |
1.076 |
1.148 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
0.650 |
0.967 |
0.763 |
|
|
|
|
|
|
|
Less |
TAX |
0.220 |
0.315 |
0.250 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
0.430 |
0.652 |
0.513 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
0.430 |
0.652 |
0.513 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
0.43 |
0.65 |
1.28 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
100.000 |
The above information has been parted by Mr. Manish Patel (Marketing
Manager).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
N.A |
N.A |
N.A |
|
Cash generated from operations |
N.A |
N.A |
N.A |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin |
(%) |
0.46 |
0.93 |
0.57 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
7.65 |
7.00 |
3.91 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.86 |
1.85 |
2.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.08 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.00 |
2.10 |
2.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.05 |
1.20 |
1.00 |
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 |
4.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
1.155 |
1.807 |
2.237 |
|
Net
worth |
5.155 |
11.807 |
12.237 |
|
|
|
|
|
|
long-term borrowings |
3.150 |
8.931 |
16.807 |
|
Short term borrowings |
9.067 |
15.915 |
19.886 |
|
Total
borrowings |
12.217 |
24.846 |
36.693 |
|
Debt/Equity
ratio |
2.370 |
2.104 |
2.999 |
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 |
89.225 |
70.231 |
93.185 |
|
|
|
(21.288) |
32.684 |
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 |
89.225 |
70.231 |
93.185 |
|
Profit |
0.513 |
0.652 |
0.430 |
|
|
0.57% |
0.93% |
0.46% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
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 |
NOTE: Registered office of the company has been shifted from to the present address Plot No. 619, GIDC Phase IV, Naroda Ahmedabad - 389230, Gujarat, India. (w.e.f. 16.03.2009)
UNSECURED LOAN
|
Particular |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Bajaj Finance
Limited |
2.947 |
1.500 |
|
Kotak Mahindra
Bank Limited |
1.284 |
2.060 |
|
Loans From Director |
1.531 |
0.217 |
|
Total |
5.762 |
3.777 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10410258 |
28/02/2013 |
7,200,000.00 |
RELIANCE CAPITAL
LIMITED |
"H"BLOCK
1ST FLOOR, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai,
Maharashtra - 400710, India |
B70245782 |
|
2 |
10404247 |
30/01/2013 |
4,000,000.00 |
RELIANCE HOME
FINANCE LIMITED |
Reliance House, Nr.
Mithakhali Six Road,, Navrangpura, Ahmedabad, Gujarat - 380009, India |
B68569854 |
|
3 |
10180583 |
12/01/2015 * |
44,193,000.00 |
STATE BANK OF
HYDERABAD |
MANINAGAR
BRANCH, MANINAGAR, AHMEDABAD, Gujarat |
C44596492 |
|
4 |
10168340 |
10/06/2009 |
2,500,000.00 |
STATE BANK OF
HYDERABAD |
MANINAGAR
BRANCH, MANINAGAR BRANCH, MANINAGAR, Gujarat - 380008, INDIA |
A66360678 |
|
5 |
10167501 |
30/05/2009 |
2,500,000.00 |
STATE BANK OF
HYDERABAD |
MANINAGAR BRANCH,
MANINAGAR, Gujarat - 380008, India |
A66191222 |
FIXED ASSETS
TANGIBLE ASSES
·
Air Conditioner
·
Building
·
CC Camera
·
Car
·
Computer
·
Cylinder
·
Electric Fittings
·
Fire Safety
·
Furniture and Fixture
·
Plant and Machinery
·
Mobile
·
Refrigerator
·
Rubber Roll
·
Tempo
·
Weight Scale
·
Ro System
·
Water Cooler
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 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.63.76 |
|
|
1 |
Rs.97.79 |
|
Euro |
1 |
Rs.69.90 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.