MIRA INFORM REPORT
|
Report No. : |
325789 |
|
Report Date : |
04.06.2015 |
IDENTIFICATION
DETAILS
|
Name : |
VENKATESWARA WIRES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
302 Navjeevan Chamber, Vinoba Marg, RG C-Scheme, Jaipur – 302001,
Rajasthan |
|
Tel No.: |
91-141-2371394 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
16.05.1988 |
|
|
|
|
Com. Reg. No.: |
17-004446 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 6.428
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31300RJ1988PTC004446 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JPRV02011C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACV5085F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of
Aluminium Conductors and Cables. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Profitability of the company seems to be low in 2014. However, general
financial position of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are slow
but correct. The company 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.
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 |
ICRA |
|
Rating |
Fund Based Limits: BB+ (Suspended) |
|
Rating Explanation |
Have inadequate credit quality and high credit risk. |
|
Date |
February 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund Based: A4+ (Suspended) |
|
Rating Explanation |
Have minimal degree of safety and carry very high credit risk. |
|
Date |
February 2015 |
Reason for Suspension: The suspension follows ICRA’s inability to carry
out a rating surveillance in the absence of the requisite information form the
company.
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
DENIED BY
|
Name : |
Mr. Maheshwari |
|
Designation : |
Accountant |
|
Contact No.: |
91-141-2371394 |
|
Date : |
03.06.2015 |
LOCATIONS
|
Registered / Corporate Office : |
302 Navjeevan Chamber, Vinoba Marg, RG C-Scheme, Jaipur – 302001,
Rajasthan, India |
|
Tel. No.: |
91-141-2371394/ 5107094/ 2330078/ 2366854 |
|
Fax No.: |
91-141-2366854/ 2371394 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Rohit Kumar Saboo |
|
Designation : |
Director |
|
Address : |
14-A, Sangram Colony, C-Scheme, Jaipur-302001, |
|
Date of Birth/Age : |
01.02.1967 |
|
Date of Appointment : |
16.05.1988 |
|
DIN No.: |
00086846 |
|
|
|
|
Name : |
Mr. Abhay Kumar Bohra |
|
Designation : |
Director |
|
Address : |
C-128, Malyiya Nagar, Jaipur-302017, |
|
Date of Birth/Age : |
12.01.1948 |
|
Date of Appointment : |
21.04.1998 |
|
DIN No.: |
00420120 |
|
|
|
|
Name : |
Mr. Sanjay Kumar Saboo |
|
Designation : |
Director |
|
Address : |
14, Ashok Niwas, Mahaveer Marg, C-Scheme, Jaipur-302001 , |
|
Date of Birth/Age : |
29.11.1960 |
|
Date of Appointment : |
16.05.1988 |
|
DIN No.: |
00633771 |
KEY
EXECUTIVES
|
Name : |
Mr. Maheshwari |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Shri Sanjay Saboo |
|
24627 |
|
Shri Rohit Saboo |
|
3300 |
|
Shri M. L. Saboo (HUF) |
|
3575 |
|
Smt. Seema Saboo |
|
4815 |
|
Smt. Shashi Kanta Saboo |
|
10435 |
|
Shri. Abhinav Saboo |
|
1560 |
|
Shri. Siddarth Saboo |
|
1961 |
|
Shri. Shanu Saboo |
|
850 |
|
Shri. Anuwart Saboo |
|
2 |
|
Shri. Sanjay Saboo HUF |
|
151 |
|
Shri. Anita Biyani |
|
425 |
|
Smt. Jyotsna Bohra |
|
1 |
|
Shri. Suruchi Saboo |
|
1 |
|
Venkateswara Trading and Investment Private Limited, India |
|
2885 |
|
Moonlight Investment and Marketing Company Limited, India |
|
2450 |
|
MLS Export and Trading Private Limited, India |
|
2225 |
|
Adinath Electricals Private Limited, India |
|
5001 |
|
Smt. Rekha Kejriwal |
|
1 |
|
Smt. Rekha Jajoo |
|
1 |
|
Basanti Devi Saboo |
|
1 |
|
Shri Sanjeev Sachdeva HUF |
|
1 |
|
Shri. Sunil Bhuwania |
|
1 |
|
Babita Bhuwania |
|
1 |
|
Shri. Mohnisha Bafna |
|
1 |
|
Ms. Sushila Biyani |
|
2 |
|
Kiran Poddar |
|
1 |
|
Mukesh Kumar Sharma Sons HUF |
|
1 |
|
Total |
|
64275 |
As on 30.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
19.54 |
|
Directors
or relatives of directors |
|
80.44 |
|
Other
top fifty shareholders |
|
0.02 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
Aluminium Conductors and Cables. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
H. S. Darda and Company Chartered Accountant |
|
Address : |
36-A, Suraj Nagar East, Civil Lines, Jaipur – 302006, Rajasthan, India
|
|
PAN No: |
AACFM0580E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : |
·
MLS Export and Trading Private Limited CIN No.:-
U14101RJ1992PTC006940 ·
Moonlight Investment and Trading Limited CIN No.:-
U65993RJ1991PLC005870 ·
Venkateshwar Trading and Investment Private
Limited CIN No.:-
U51101RJ1983PTC002682 ·
Adinath Electricals Private Limited CIN No.:-
U31300RJ1987PTC004236 ·
Royal Concab Private Limited CIN No.:-
U31300RJ2004PTC019802 |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
75000 |
Equity Shares |
Rs.100/- each |
Rs. 7.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
64275 |
Equity Shares |
Rs.100/-
each |
Rs. 6.428
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 |
6.428 |
5.758 |
5.758 |
|
(b) Reserves & Surplus |
168.904 |
144.979 |
139.546 |
|
(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) |
175.332 |
150.737 |
145.304 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
41.501 |
37.972 |
46.208 |
|
(b) Deferred tax liabilities (Net) |
26.974 |
28.096 |
29.460 |
|
(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) |
68.475 |
66.068 |
75.668 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
171.415 |
171.555 |
140.072 |
|
(b) Trade payables |
254.807 |
189.639 |
159.354 |
|
(c) Other current
liabilities |
17.166 |
18.504 |
16.149 |
|
(d) Short-term
provisions |
3.928 |
2.609 |
0.952 |
|
Total Current
Liabilities (4) |
447.316 |
382.307 |
316.527 |
|
|
|
|
|
|
TOTAL |
691.123 |
599.112 |
537.499 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
114.480 |
117.014 |
124.603 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.031 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
1.945 |
1.945 |
1.945 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
10.915 |
13.981 |
13.627 |
|
(e) Other
Non-current assets |
2.522 |
13.490 |
11.457 |
|
Total Non-Current
Assets |
129.862 |
146.461 |
151.632 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
68.751 |
23.156 |
11.342 |
|
(c) Trade receivables |
301.927 |
319.194 |
298.505 |
|
(d) Cash and cash
equivalents |
87.633 |
59.242 |
38.615 |
|
(e) Short-term loans
and advances |
82.813 |
40.340 |
24.362 |
|
(f) Other current
assets |
20.137 |
10.719 |
13.043 |
|
Total Current Assets |
561.261 |
452.651 |
385.867 |
|
|
|
|
|
|
TOTAL |
691.123 |
599.112 |
537.499 |
|
PROFIT &
LOSS ACCOUNT |
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1562.488 |
1311.352 |
1255.655 |
|
|
|
Other Income |
N.A |
N.A |
N.A |
|
|
|
TOTAL |
N.A |
N.A |
N.A |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
N.A |
N.A |
N.A |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
20.568 |
15.252 |
9.967 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.597 |
7.475 |
7.173 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
12.971 |
7.777 |
2.794 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.776 |
0.399 |
1.789 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
11.195 |
7.378 |
1.005 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
99.918 |
95.040 |
94.035 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
2.500 |
2.500 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
108.613 |
99.918 |
95.040 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
174.17 |
-- |
-- |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
|
9.550 |
8.422 |
|
Cash generated from operations |
NA |
NA |
NA |
|
KEY RATIOS |
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.72 |
0.56 |
0.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.88 |
1.30 |
0.47 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
0.05 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.25 |
1.45 |
1.34 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25 |
1.18 |
1.22 |
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 |
5.758 |
5.758 |
6.428 |
|
Reserves & Surplus |
139.546 |
144.979 |
168.904 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
145.304 |
150.737 |
175.332 |
|
|
|
|
|
|
long-term borrowings |
46.208 |
37.972 |
41.501 |
|
Short term borrowings |
140.072 |
171.555 |
171.415 |
|
Current Maturities Of
Long-Term Debts |
8.422 |
9.550 |
6.238 |
|
Total
borrowings |
194.702 |
219.077 |
219.154 |
|
Debt/Equity
ratio |
1.340 |
1.453 |
1.250 |
|
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 |
1255.655 |
1311.352 |
1562.488 |
|
|
|
4.436 |
19.151 |
|
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 |
1255.655 |
1311.352 |
1562.488 |
|
Profit |
1.005 |
7.378 |
11.195 |
|
|
0.08% |
0.56% |
0.72% |
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 |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
PEFORMANCE AND BUSINESS:
The company
attained a sales turnover of Rs 1562.488 Million (including Wind Power project
sale of electricity of Rs. 11.567 Million) against a turnover of Rs. 1311.352
Million (including Wind Power project sale of electricity of Rs.13.843 Million)
in the financial year 2013-14. The year continued to be challenging for the
company business. High Fluctuation in prices of Raw materials, lesser price
realization coupled with tight liquidity position of electricity boards and
quite delayed payments have severely squeezed the margins. The management is
pleased to inform that despite such challenging conditions, the company
increased its turnover and improved its profitability.
UNSECURED LOANS
|
Unsecured Loans |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Deposits from other |
20.106 |
0.000 |
|
Loan and advances from other |
0.000 |
9.951 |
|
Deposit from Shareholder |
8.643 |
10.490 |
|
Incorporate Deposits |
4.207 |
4.087 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Working Capital loans from banks |
5.379 |
0.000 |
|
Other loans and advances |
0.000 |
1.997 |
|
TOTAL
|
38.335 |
26.525 |
INDEX OF CHARGES:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10495144 |
17/07/2014 * |
100,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C25008285 |
|
2 |
10309892 |
05/10/2011 |
49,000,000.00 |
ICICI BANK LIMITED |
SHREEJI TOWER C-99, C-SCHEME, AHINSA CIRCLE, JAIPUR, RAJASTHAN -
302001, INDIA |
B22419626 |
|
3 |
10180471 |
31/03/2010 * |
22,500,000.00 |
THE BANK OF RAJASTHAN LTD. |
V K I AREA BRANCH, ROAD NO.5, JAIPUR, RAJASTHAN - |
A85945483 |
|
4 |
10180472 |
24/09/2009 |
15,000,000.00 |
THE BANK OF RAJASTHAN LIMITED |
V K I AREA BRANCH, ROAD NO.5, JAIPUR, RAJASTHAN - |
A71389027 |
|
5 |
10142123 |
29/01/2009 |
40,000,000.00 |
THE BANK OF RAJASTHAN LTD. |
VKI AREA BRANCH, ROAD NO.5, JAIPUR, RAJASTHAN - 3 |
A56662950 |
|
6 |
10096069 |
15/02/2008 |
7,500,000.00 |
THE BANK OF RAJASTHAN LIMITED |
V K I AREA BRANCH, ROAD NO.5, JAIPUR, RAJASTHAN - |
A35573062 |
|
7 |
10071571 |
28/09/2007 |
20,000,000.00 |
THE BANK OF RAJASTHAN LIMITED |
V K I AREA BRANCH,, ROAD NO.5, JAIPUR, RAJASTHAN |
A25078882 |
|
8 |
10008589 |
30/06/2006 |
25,200,000.00 |
THE BANK OF RAJASTHAN LIMITED |
VKI AREA, JAIPUR, RAJASTHAN - 302013, INDIA |
A02189793 |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Testing Equipment
·
Electricity Installments
·
Vehicles
·
Furniture
·
Office Equipments
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 : |
NYA |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
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 |
|
47 |
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.