MIRA INFORM REPORT
|
Report No. : |
325703 |
|
Report Date : |
04.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
CHANDRESH CABLES LIMITED |
|
|
|
|
Registered
Office : |
413/C, Vasant Wadi, 4th Floor, Room No.28, Kalabadevi Road, Mumbai –
400002, Maharashtra |
|
Tel No.: |
91-22-22089723 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
21.12.1981 |
|
|
|
|
Com. Reg. No.: |
11-025897 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.43.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31300MH1981PLC025897 |
|
|
|
|
TIN No.: |
Not Available |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACC3384Q |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in the business of manufacturing and
trading of electric wires and cables, trading of chemicals, trading of shares
and securities, trading of mobile handsets. |
|
|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Profitability and reserves of the company seems to be low during 2014.
However, Trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing with some caution. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Ms. Pinal |
|
Designation : |
Executive |
|
Contact No.: |
91-79-25623055 |
|
Date : |
02.06.2015 |
LOCATIONS
|
Registered Office : |
413/C, Vasant Wadi, 4th Floor, Room No.28, Kalabadevi Road, Mumbai –
400002, Maharashtra, India |
|
Tel. No.: |
91-22-22089723 |
|
Mobile No.: |
91-9428355199 (Mr. Uday Narvekar) |
|
Fax No.: |
91-22-22063059 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Corporate Office/
Head Office : |
G-6, Madhavpura Market, Near Police Commissioner's Office,
Shahibaug Road, Ahmedabad - 380004,
Gujarat, India |
|
Tel. No.: |
91-79-25623055/ 25623056/ 25623057 |
|
Fax No.: |
91-79-25626067 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Block No. 1108, Chhatral,
Taluka Kalol (Gandhinagar), Gujarat, India |
|
Tel. No.: |
91-2764-232251/ 233352 |
|
Fax No.: |
91-2764-234151 |
|
E-Mail : |
|
|
|
|
|
Resi. Sales Engineer : |
Located At:
|
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Rajendra Khimraj Jain |
|
Designation : |
Director |
|
Address : |
2 Rita Park Society, Shahibaug, Ahmedabad – 380004,
Gujarat, India |
|
Date of Birth/Age : |
05.08.1965 |
|
Date of Appointment : |
06.01.1989 |
|
PAN No.: |
ABBPJ6207E |
|
DIN No.: |
00243834 |
|
|
|
|
Name : |
Mr. Anil Khimraj Jain |
|
Designation : |
Director |
|
Address : |
2 Rita Park Society, Shahibaug, Ahmedabad – 380004,
Gujarat, India |
|
Date of Birth/Age : |
22.11.1969 |
|
Date of Appointment : |
11.10.2007 |
|
PAN No.: |
AAZPJ7503J |
|
DIN No.: |
00243912 |
|
|
|
|
Name : |
Mr. Abhivandan Chandresh Lodha |
|
Designation : |
Director |
|
Address : |
15 Subhas Nagar Society, Shahibaug, Ahmedabad – 380004, Gujarat, India |
|
Date of Birth/Age : |
10.07.1983 |
|
Date of Appointment : |
30.09.2008 |
|
PAN No.: |
ABKPL9618A |
|
DIN No.: |
01820667 |
|
|
|
|
Name : |
Mr. Ankit Chandreshji Lodha |
|
Designation : |
Additional Director |
|
Address : |
15 Subhas Nagar Society, Shahibaug, Ahmedabad – 380004, Gujarat,
India |
|
Date of Birth/Age : |
15.01.1988 |
|
Date of Appointment : |
29.03.2013 |
|
PAN No.: |
ACLPL7761L |
|
DIN No.: |
06392001 |
|
|
|
|
Name : |
Mr. Khimraj Ganeshmal Balar |
|
Designation : |
Director |
|
Address : |
2 Rita Park Society, Shahibaug, Ahmedabad – 380004, Gujarat, India |
|
Date of Birth/Age : |
15.04.1938 |
|
Date of Appointment : |
06.01.1989 |
|
PAN No.: |
ABHPB3479L |
|
DIN No.: |
00244018 |
KEY EXECUTIVES
|
Name : |
Ms. Pinal |
|
Designation : |
Executive |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Jain R. Abhishek |
|
297000 |
|
Jain K Anilkumar |
|
429400 |
|
Balar Khimraj |
|
429800 |
|
Jain K Rajendrakumar |
|
424600 |
|
Jain Bharti |
|
145200 |
|
Jain A. Ritu |
|
195600 |
|
Jain Neha |
|
162000 |
|
Lodha Ankit |
|
399000 |
|
Lodha Abhivandan |
|
429600 |
|
Lodha Sumitra |
|
286000 |
|
Lodha Premkanwar |
|
92000 |
|
Anilkumar Khimraj Jain |
|
22200 |
|
Balar Khimrajj Anilkumar |
|
42200 |
|
Balar Khimaj Rajendra |
|
50200 |
|
Lodha Gumanmal |
|
1000 |
|
Khimraj Ganeshmal |
|
287000 |
|
Jain Rahul |
|
160000 |
|
Rajendra Khimraj Jain |
|
22200 |
|
Unnati Anil Jain |
|
14000 |
|
Chandresh Finance Limited, India |
|
202000 |
|
Chandresh Marketing Private Limited, India |
|
80000 |
|
Roopaji Ganeshmal |
|
22000 |
|
Balar Khimraj Rajendra |
|
2000 |
|
Lodha Advay Sumitra |
|
105000 |
|
Total |
|
4300000 |
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 : |
The company is engaged in the business of manufacturing
and trading of electric wires and cables, trading of chemicals, trading of
shares and securities, trading of mobile handsets. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
-- |
||||
|
|
|
||||
|
Agencies Held : |
-- |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash and Credit |
||||
|
|
|
||||
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
250 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Mehta Lodha and Company Chartered Accountants |
|
Address : |
105 Sakar I, Ashram Road, Ahmedabad – 380009, Gujarat, India |
|
Tel. No.: |
91-79-26586683-85 |
|
Fax No.: |
91-79-26586684 |
|
PAN No.: |
AIQPS2509G |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives : |
CIN No.: U51909GJ1995PTC025523
CIN No.: U65910GJ1995PLC027662 |
|
|
|
|
Related Parties : |
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4500000 |
Equity Shares |
Rs.10/- each |
Rs.45.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4300000 |
Equity Shares |
Rs.10/- each |
Rs.43.000 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 |
43.000 |
43.000 |
20.000 |
|
(b) Reserves & Surplus |
305.890 |
299.213 |
295.680 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
1.550 |
|
Total
Shareholders’ Funds (1) + (2) |
348.890 |
342.213 |
317.230 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.110 |
0.682 |
0.849 |
|
(b) Deferred tax liabilities (Net) |
10.946 |
10.310 |
9.410 |
|
(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) |
11.056 |
10.992 |
10.259 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
358.201 |
296.885 |
236.524 |
|
(b) Trade
payables |
69.716 |
71.628 |
77.706 |
|
(c) Other
current liabilities |
3.380 |
3.596 |
6.500 |
|
(d) Short-term
provisions |
8.911 |
7.557 |
1.197 |
|
Total Current
Liabilities (4) |
440.208 |
379.666 |
321.927 |
|
|
|
|
|
|
TOTAL |
800.154 |
732.871 |
649.416 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
320.183 |
313.799 |
308.027 |
|
(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 |
3.620 |
1.957 |
2.197 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
323.803 |
315.756 |
310.224 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
121.846 |
103.580 |
99.100 |
|
(c) Trade
receivables |
319.251 |
281.295 |
226.531 |
|
(d) Cash
and cash equivalents |
23.842 |
23.563 |
6.673 |
|
(e) Short-term
loans and advances |
10.221 |
7.771 |
6.191 |
|
(f) Other
current assets |
1.191 |
0.906 |
0.697 |
|
Total
Current Assets |
476.351 |
417.115 |
339.192 |
|
|
|
|
|
|
TOTAL |
800.154 |
732.871 |
649.416 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1,140.418 |
1,067.706 |
873.398 |
|
|
|
Other Income |
1.153 |
0.690 |
0.357 |
|
|
|
TOTAL (A) |
1,141.571 |
1,068.396 |
873.755 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
979.895 |
896.639 |
731.845 |
|
|
|
Purchase of Stock-in-trade |
5.369 |
21.058 |
21.68 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(34.850) |
(17.125) |
(13.389) |
|
|
|
Employee Benefits Expenses |
17.246 |
16.693 |
12.399 |
|
|
|
Other Expenses |
109.589 |
96.587 |
79.262 |
|
|
|
TOTAL (B) |
1,077.249 |
1,013.852 |
831.797 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
64.322 |
54.544 |
41.958 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
47.933 |
38.109 |
29.089 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
16.389 |
16.435 |
12.869 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
6.591 |
6.047 |
5.875 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
9.798 |
10.388 |
6.994 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.371 |
3.101 |
2.373 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
7.427 |
7.287 |
4.621 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
1.73 |
1.69 |
2.44 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.693 |
1.120 |
0.924 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.65 |
0.68 |
0.53 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
5.64 |
5.11 |
4.80 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.22 |
1.42 |
1.08 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.03 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.03 |
0.87 |
0.75 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.08 |
1.10 |
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 |
20.000 |
43.000 |
43.000 |
|
Reserves & Surplus |
295.680 |
299.213 |
305.890 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
1.550 |
0.000 |
0.000 |
|
Net
worth |
317.230 |
342.213 |
348.890 |
|
|
|
|
|
|
Long Term borrowings |
0.849 |
0.682 |
0.110 |
|
Short Term borrowings |
236.524 |
296.885 |
358.201 |
|
Current Maturities of Long term debt |
0.924 |
1.120 |
0.693 |
|
Total
borrowings |
238.297 |
298.687 |
359.004 |
|
Debt/Equity
ratio |
0.751 |
0.873 |
1.029 |
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 |
873.398 |
1,067.706 |
1,140.418 |
|
|
|
22.247 |
6.810 |
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
|
873.398 |
1,067.706 |
1,140.418 |
|
Profit |
4.621 |
7.287 |
7.427 |
|
|
0.53% |
0.68% |
0.65% |
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 |
No |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
---------- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
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 LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on demand from others |
47.094 |
77.444 |
|
Total |
47.094 |
77.444 |
GENERAL INFORMATION
The company is a public company domiciled in India and incorporated under the provisions of the Companies, Act
1956. The company is engaged in the business of manufacturing and trading of Electric Wires and Cables, Trading of Chemicals, Trading of Shares and Securities, trading of Mobile handsets.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10532433 |
26/08/2014 |
20,000,000.00 |
Tata Capital Financial Services Limited |
One
Forbes,, Dr. V. B. Gandhi Marg, Fort, Mumbai, |
C34363127 |
|
2 |
10452548 |
16/08/2013 |
6,000,000.00 |
Tata Capital Financial Services Limited |
One
Forbes,, Dr. V. B. Gandhi Marg, Fort, Mumbai, |
B86473790 |
|
3 |
10036306 |
26/12/2007 * |
40,000,000.00 |
Dena Bank |
Shahibaug
Branch, Sanjay Society,, Opp.Police Com |
A30830244 |
|
4 |
90237945 |
17/01/2007 * |
11,410,000.00 |
Dana Bank |
Shahibaug
Branch, Sanjay Society,, Opp.Police Com |
- |
|
5 |
90237233 |
11/01/2014 * |
345,000,000.00 |
Dena Bank |
Shahibaug
Branch, Sanjay Society,, Opp.Police Com |
B95439261 |
|
6 |
90240390 |
11/01/2014 * |
345,000,000.00 |
Dena Bank |
Shahibaug
Branch, Sanjay Society,, Opp.Police Com |
B95345559 |
|
7 |
90233804 |
04/02/1992 |
4,000,000.00 |
Dena Bank |
Maskati Marekt Branch, Relief Road, Ahmedabad, Gujarat - 380002, India |
- |
|
8 |
90232639 |
04/02/1992 |
12,500,000.00 |
Dena Bank |
Maskati Market Branch, Relief Road, Ahmedabad, Gujarat - 380002, India |
- |
|
9 |
90235288 |
28/02/1985 * |
2,000,000.00 |
Gujarat State Financial Corporation |
Jaldarshan
Building; Ashram Road, Navarangapura, |
- |
|
10 |
90233275 |
28/02/1985 * |
2,000,000.00 |
Gujarat Industrial Investment Corporation Limited |
Chunibhai Chambers, Ashram Road, Ahmedabad, Gujarat - 380009, India |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.63.85 |
|
|
1 |
Rs.98.12 |
|
Euro |
1 |
Rs.71.28 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
2 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
28 |
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.