MIRA
INFORM REPORT
|
Report No. : |
323661 |
|
Report Date : |
01.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
D S ACCESSORIES AND FOOTWARE PRIVATE LIMITED (w.e.f.06.04.1989) |
|
|
|
|
Formerly Known
As: |
MEENA WOLLEN MILLS PRIVATE LIMITED |
|
|
|
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Registered
Office : |
7/82, Tilak Nagar, |
|
Tel. No.: |
91-512-2526558 |
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Country : |
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|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
06.04.1989 |
|
|
|
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Com. Reg. No.: |
20-010644 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.5.886 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17117UP1989PTC010644 |
|
|
|
|
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 : |
Private Limited Liability Company |
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|
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Line of Business
: |
Manufacturer of Casual Designer Shoes, Casual Shoes, Mens Casual
Designer Shoes, Men Designer Shoes, Designer Mens Casual Choes, PU, Ladies
Slippers, Safety Shoes. |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 20000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
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Litigation : |
Clear |
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Comments : |
Subject is a private limited company established in April, 1989,
having moderate track record. The company has incurred losses from its operations in financial year
2014 and 2013. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for the 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.
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. Kunal Dhupar |
|
Designation : |
Director |
|
Contact No.: |
91-9601452435 |
|
Date : |
23.05.2015 |
LOCATIONS
|
Registered Office : |
No. 7/82, Tilak Nagar, Kanpur – 208002, Uttar Pradesh, India |
|
Tel. No.: |
91-512-2526558/2780591/30427951 |
|
Mobile No.: |
91-9601452435 (Mr. Kunal Dhupar) |
|
Fax No.: |
91-512-2525664 |
|
E-Mail : |
|
|
Website : |
http://www.tuffindia.com |
|
Location : |
Owned |
|
|
|
|
Factory : |
Mundara – 233001, Uttar Pradesh, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Hariom Thapar |
|
Designation : |
Director |
|
Address : |
KE – 80 New Kavi Nagar, Ghaziabad – 201002 Uttar Pradesh, India |
|
Date of Birth/Age : |
07.10.1944 |
|
Date of Appointment : |
01.09.2005 |
|
DIN No.: |
00717629 |
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|
|
|
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|
Name : |
Mr. Isha Dhupar |
|
Designation : |
Director |
|
Address : |
7/82, Tilak Nagar, Kanpur, Kanpur – 208002, Uttar Pradesh, India |
|
Date of Birth/Age : |
31.10.1982 |
|
Date of Appointment : |
31.12.2004 |
|
DIN No.: |
00643954 |
|
|
|
|
|
|
|
Name : |
Mr. Kunal Dhupar |
|
Designation : |
Director |
|
Address : |
7/82, Tilak Nagar, Kanpur, Kanpur – 208002, Uttar Prades, India |
|
Date of Birth/Age : |
13.03.1985 |
|
Date of Appointment : |
31.12.2004 |
|
DIN No.: |
00752961 |
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|
|
|
|
|
|
Name : |
Mr. Rakesh Kumar Dhupar |
|
Designation : |
Director |
|
Address : |
7/82, Tilak Nagar, Kanpur, Kanpur – 208002, Uttar Pradesh, India |
|
Date of Birth/Age : |
11.10.1956 |
|
Date of Appointment : |
01.02.2009 |
|
DIN No.: |
00672723 |
|
|
|
|
|
|
|
Name : |
Ms. Rita Dhupar |
|
Designation : |
Director |
|
Address : |
7/82, Tilak Nagar, Kanpur – 208002, Uttar Pradesh, India |
|
Date of Birth/Age : |
11.10.1959 |
|
Date of Appointment : |
01.01.2006 |
|
DIN No.: |
00643944 |
|
|
|
|
|
|
|
Name : |
Mr. Sunil Manchand |
|
Designation : |
Director |
|
Address : |
B 9, Lawyers Colony, Agra – 282005, Uttar Pradesh, India |
|
Date of Birth/Age : |
18.11.1956 |
|
Date of Appointment : |
01.04.2006 |
|
DIN No.: |
01909493 |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Gulshan Kumar Dhupar |
223620 |
|
Kuntidevi Dhupar |
13500 |
|
Anil Kumar Kunti devi HUF |
1500 |
|
Anil Kumar Dhupar HUF |
2000 |
|
Gulshan Kumar Dhupar HUF |
1500 |
|
Gulshan Anil Rakesh Kunti HUF |
5000 |
|
Madhu Siddhath HUF |
5000 |
|
Siri Ram Gulshan Kumar HUF |
1500 |
|
Siddharth Dhupar |
1900 |
|
Siri Ram Kunti Rakesh HUF |
5000 |
|
Dwarika Nath Arora |
10000 |
|
Shiv Shanker Pandey |
1000 |
|
Amrita Packaging private limited, Kanpur |
50000 |
|
Forex Port Folio Finance Private limited |
41900 |
|
Kanika DhuparMarriage Beneficiary Trust, Kanpur |
100 |
|
Kratika Dhupar Marriage
Beneficiary Trust |
100 |
|
Anil Kumar Dhupar |
50 |
|
Gulshan Rita HUF |
70000 |
|
Isha Dhupar |
154500 |
|
Anil Kushagra Siddhath HUF |
100 |
|
Mani Dhupar Educational Trust |
100 |
|
Pallavi Dhupar |
100 |
|
S.R. Gulshan Rakesh HUF |
100 |
|
|
|
|
Total |
588570 |
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
15.61 |
|
Directors or relatives of Directors |
84.39 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Casual Designer Shoes, Casual Shoes, Mens Casual
Designer Shoes, Men Designer Shoes, Designer Mens Casual Choes, PU, Ladies Slippers,
Safety Shoes. |
|
|
|
|
Products : |
·
Casual designer shoes ·
Casual shoes ·
Mens casual designer shoes ·
Men Designer Shoes ·
Designer Mens Casual shoes ·
PU Ladies slippers ·
PU Gents slippers ·
Safety shoes |
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|
|
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
·
Middle East |
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
China ·
Italy |
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Terms : |
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Selling : |
Credit |
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Purchasing : |
Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
20 (Approximately) |
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Bankers : |
·
State Bank of India |
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Facilities : |
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Auditors : |
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Name : |
Rajendra Neeti and Associates Chartered Accountants |
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Address : |
Raj Maya H. No. 112/292, Swaroop Nagar, Kanpur - 208001, Uttar
Pradesh, India |
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Tel. No.: |
91-512-3046198 |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AABFR0609K |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Concerns in which Directors and Relatives having substantial interest: |
·
Dhupar chemical Private limited ·
Amrita Packaging ·
Forex Portfolio Private Limited ·
Dhupar Industries ·
D.K. Polymers Private Limited ·
D.S. Accessories and Footware ·
Kunal Chemicals ·
R.K. Traders |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
588570 |
Equity Shares |
Rs.10/- each |
Rs.5.886
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 |
5.886 |
5.886 |
5.886 |
|
(b) Reserves & Surplus |
1.111 |
6.537 |
8.616 |
|
(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) |
6.997 |
12.423 |
14.502 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.288 |
0.404 |
0.327 |
|
(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) |
0.288 |
0.404 |
0.327 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
35.830 |
41.629 |
41.225 |
|
(b) Trade payables |
16.474 |
16.873 |
5.706 |
|
(c) Other current liabilities |
7.083 |
6.891 |
10.430 |
|
(d) Short-term provisions |
0.339 |
0.473 |
0.978 |
|
Total
Current Liabilities (4) |
59.726 |
65.866 |
58.339 |
|
|
|
|
|
|
TOTAL |
67.011 |
78.693 |
73.168 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
29.783 |
28.692 |
27.664 |
|
(ii) Intangible Assets |
0.004 |
0.005 |
0.000 |
|
(iii) Capital work-in-progress |
1.243 |
3.857 |
1.169 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.170 |
1.170 |
1.170 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
32.200 |
33.724 |
30.003 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
2.536 |
1.906 |
1.903 |
|
(b) Inventories |
6.419 |
10.835 |
12.246 |
|
(c) Trade receivables |
20.244 |
25.506 |
22.765 |
|
(d) Cash and cash equivalents |
0.132 |
1.310 |
0.393 |
|
(e) Short-term loans and
advances |
0.959 |
1.190 |
1.095 |
|
(f) Other current assets |
4.521 |
4.222 |
4.763 |
|
Total
Current Assets |
34.811 |
44.969 |
43.165 |
|
|
|
|
|
|
TOTAL |
67.011 |
78.693 |
73.168 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
Revenue From Operations |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL
|
41.659 |
48.338 |
42.220 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(5.427) |
(2.078) |
(0.304) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(9.22) |
(3.53) |
0.52 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
45.000 |
The above information has been parted by Mr. Kunal Dhupar (Director)
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 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(13.03) |
(4.30) |
0.72 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
5.12 |
3.35 |
2.84 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.58 |
0.68 |
0.74 |
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 |
5.886 |
5.886 |
5.886 |
|
Reserves & Surplus |
8.616 |
6.537 |
1.111 |
|
Net
worth |
14.502 |
12.423 |
6.997 |
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
41.225 |
41.629 |
35.830 |
|
Total
borrowings |
41.225 |
41.629 |
35.830 |
|
Debt/Equity
ratio |
2.843 |
3.351 |
5.121 |
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 |
42.220 |
48.338 |
41.659 |
|
|
|
14.491 |
(13.817) |
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 |
42.220 |
48.338 |
41.659 |
|
Profit |
(0.304) |
(2.078) |
(5.427) |
|
|
(0.72%) |
(4.30%) |
(13.03%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
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 |
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 |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
From Related
Party Shareholders, Directors and their Relatives |
34.809 |
40.926 |
|
|
|
|
|
Total |
34.809 |
40.926 |
INDEX OF CHARGES
No Charges Exist for Company
FIXED ASSETS
Tangible Assets
·
Computer
·
C.C.T.V. Camera
·
Digital Camera
·
Factory Building
·
P.U.Sole Washing
·
Plant and Machinery
·
Sewing Machinery
·
Weight and Measurement
·
Fire Fighting equipment
·
Furniture and Fixture
·
Genreator
·
Lab Equipment
·
Freehold Land
·
Maruti 800
·
Maruti ALTO
·
Mobile Phone
·
Mould
·
Sundry Assets
·
Office Equipment
·
Electronic Line Chares
(Electric Power Connection)
·
Steel Storage tank
Intangible Assets
·
Patent and Copyright
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.63.76 |
|
|
1 |
Rs.97.80 |
|
Euro |
1 |
Rs.69.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.