MIRA INFORM REPORT
|
Report No. : |
325756 |
|
Report Date : |
04.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
JABS INTERNATIONAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. A-350, TTC Industrial Area, MIDC, Mahape, Navi Mumbai – 400
708, Maharashtra |
|
Tel. No.: |
91-22-27784500 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2014 |
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|
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Date of
Incorporation : |
12.09.1997 |
|
|
|
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Com. Reg. No.: |
11-110640 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 20.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1997PTC110640 |
|
|
|
|
IEC No.: |
0394072057 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMJ05398B |
|
|
|
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PAN No.: [Permanent Account No.] |
AAACJ3768P |
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|
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of Spices and Agro Products. |
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|
|
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No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually correct |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having satisfactory track record. Subject was incorporate in 1997. Subject processes and sells tropical
spices (ginger, turmeric and red paper), seed species (cumin, black paper)
and oilseeds (mustard, sunflower). General financial position of the company seem to be fair. Rating also takes into consideration, established track record of the
company, vast experience of the promoters in the field of the spice industry
and company’s product portfolio made up of varieties of spices. Trade relations are fair. Business is active. Payment term are
reported to be usually correct. Subject can be considered for business dealings at 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term rating BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
November, 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term rating A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
November, 2014 |
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. Shailesh Shah |
|
Designation : |
Director |
|
Contact No.: |
91-22-27784500 |
|
Date : |
03.06.2015 |
LOCATIONS
|
Registered Office : |
Plot No. A-350, TTC Industrial Area, MIDC, Mahape, Navi Mumbai – 400
708, Maharashtra, India |
|
Tel. No.: |
91-22-27784500 |
|
Fax No.: |
91-22-27782626/ 27781205 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
10000 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Branch Office : |
Located at: ·
Mundra, Kutch, Gujarat, India ·
Unjha, Ahmedabad, Gujarat, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Bhaskar Bhanuvadan Shah |
|
Designation : |
Managing director |
|
Address : |
Flat No.1202, Raheja Residency, M.G. Complex, Sector 14, Vashi, Navi
Mumbai – 400 703, Maharashtra, India |
|
Date of Birth/Age : |
18.07.1957 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
08.01.2000 |
|
DIN No.: |
00684507 |
|
|
|
|
Name : |
Mr. Shailesh Manordas Shah |
|
Designation : |
Director |
|
Address : |
Flat No. B-101, First Floor, Neel Siddhi Towers, Plot No. 195, Sector
12, Vashi, Navi Mumbai – 400 703, Maharashtra, India |
|
Date of Birth/Age : |
09.04.1964 |
|
Date of Appointment : |
09.12.1997 |
|
DIN No.: |
00684501 |
|
|
|
|
Name : |
Mr. Jai Bhaskar Shah |
|
Designation : |
Additional Director |
|
Address : |
Flat No.1202, Raheja Residency, M.G. Complex, Sector 14, Vashi, Navi
Mumbai – 400 703, Maharashtra India |
|
Date of Birth/Age : |
28.11.1984 |
|
Date of Appointment : |
30.03.2013 |
|
DIN No.: |
00684518 |
|
|
|
|
Name : |
Salomi Bhaskar Shah |
|
Designation : |
Director |
|
Address : |
Raheja Residency Flat No1202, Sec-14, Mg Complex Opp Gavdevi Mandir, Vashi, Navi Mumbai, 400703, Maharashtra, India |
|
Date of Birth/Age : |
31.07.1988 |
|
Date of Appointment : |
30.03.2013 |
|
DIN No.: |
06511688 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Shah
Bhaskar Sunita |
|
1779250 |
|
Shah
Manohar Shailesh |
|
150 |
|
Parikh M
Govindlal |
|
150 |
|
Parikh
Govindlal Indumatl |
|
150 |
|
Shah B
Bhanuvadhan |
|
150 |
|
Shah B
Padmaben |
|
150 |
|
Shah
Bhanuvadnan Bhaskar |
|
205000 |
|
Jai
Bhaskar Shah |
|
5000 |
|
Salomi
Bhaskar Shah |
|
5000 |
|
Chaitali
Jai Shah |
|
5000 |
|
Total |
|
2000000 |
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, Exporter and Importer of Spices and Agro Products. |
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Products : |
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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 : |
Spices and Agro Products |
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Countries : |
America |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cheque, Cash and Credit (60/90 Days) |
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Purchasing : |
Cheque, Cash and Credit (60/90 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
70 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Kishor Pabari and Associates Chartered Accountants |
|
Address : |
J-4, Mangal Kunj, Opposite Indraprashtha Shopping Centre,
S V Road, Borivali (West), Mumbai – 400 092, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AADPP8300R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates: |
Jabs Exports Private Limited CIN No.: U17100MH1987PTC043701 |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 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 |
20.000 |
20.000 |
17.815 |
|
(b) Reserves & Surplus |
533.436 |
416.118 |
319.454 |
|
(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) |
553.436 |
436.118 |
337.269 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
1.698 |
1.981 |
1.900 |
|
(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) |
1.698 |
1.981 |
1.900 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
839.314 |
842.648 |
718.666 |
|
(b) Trade payables |
121.361 |
281.981 |
327.905 |
|
(c) Other
current liabilities |
155.575 |
121.574 |
110.497 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
1116.250 |
1246.203 |
1157.068 |
|
|
|
|
|
|
TOTAL |
1671.384 |
1684.302 |
1496.237 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
120.407 |
113.251 |
107.466 |
|
(ii)
Intangible Assets |
0.717 |
0.926 |
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 |
41.701 |
40.240 |
18.500 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
172.203 |
139.915 |
110.500 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
335.028 |
294.332 |
236.466 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
289.576 |
220.491 |
186.677 |
|
(c) Trade
receivables |
796.732 |
898.819 |
927.827 |
|
(d) Cash
and cash equivalents |
232.878 |
253.450 |
131.392 |
|
(e)
Short-term loans and advances |
17.170 |
17.210 |
13.875 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1336.356 |
1389.970 |
1259.771 |
|
|
|
|
|
|
TOTAL |
1671.384 |
1684.302 |
1496.237 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
6233.632 |
5717.601 |
6156.319 |
|
|
|
Other Income |
NA |
72.901 |
13.239 |
|
|
|
TOTAL (A) |
NA |
5790.502 |
6169.558 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA |
5571.988 |
5977.288 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
252.487 |
218.514 |
192.270 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
60.241 |
52.522 |
55.597 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
192.246 |
165.992 |
136.673 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
15.088 |
13.928 |
11.294 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
177.158 |
152.064 |
125.379 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
59.840 |
49.080 |
42.739 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
117.318 |
102.984 |
82.640 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
58.66 |
51.49 |
46.39 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.88 |
1.80 |
1.34 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
3.82 |
3.12 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.87 |
9.25 |
8.48 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32 |
0.35 |
0.37 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.52 |
1.93 |
2.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.20 |
1.12 |
1.09 |
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 |
17.815 |
20.000 |
20.000 |
|
Reserves & Surplus |
319.454 |
416.118 |
533.436 |
|
Net
worth |
337.269 |
436.118 |
553.436 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
718.666 |
842.648 |
839.314 |
|
Total
borrowings |
718.666 |
842.648 |
839.314 |
|
Debt/Equity
ratio |
2.131 |
1.932 |
1.517 |
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 |
6156.319 |
5717.601 |
6233.632 |
|
|
|
(7.126) |
9.025 |
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 |
6156.319 |
5717.601 |
6233.632 |
|
Profit |
82.640 |
102.984 |
117.318 |
|
|
1.34% |
1.80% |
1.88% |
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 |
Yes |
|
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 |
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 |
Yes |
|
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
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand |
186.469 |
165.072 |
|
|
|
|
|
Total |
186.469 |
165.072 |
OPERATIONS:
The total turnover (Export and Domestic) amounted to Rs. 6233.632 Million as against Rs. 5652.149 Million in the previous year out of which the exports amounted to Rs.5563.492 Million as against Rs. 5104.944 Million in the previous year. The Net profit for the year amounted to Rs.117.317 Million as against in the previous year of Rs. 102.515 Million.
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90157904 |
06/09/2012 * |
830,800,000.00 |
STATE BANK OF BIKANER & JAIPUR |
232-234, SAMUEL STREET, VADGADI, MANDVI, MUMBAI, |
B58795220 |
FIXED ASSETS
· Land
· Buildings
· Office Building
· Factory Building
· Plant and equipment
· Factory Equipments
· Furniture and Fixtures
· Vehicles
· Motor Vehicles
· Office Equipment
· Computer Equipments
· Other Equipment
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 : |
MNJ |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
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 |
|
50 |
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.