MIRA INFORM REPORT
|
Report No. : |
325614 |
|
Report Date : |
05.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
QAI (INDIA) LIMITED |
|
|
|
|
Registered
Office : |
1010-12, Ansal Towers, 38 Nehru Place, New Delhi - 110019 |
|
Tel. No.: |
91-11-47776666 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
03.12.1993 |
|
|
|
|
Com. Reg. No.: |
55-056293 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.17.783 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1993PLC056293 |
|
|
|
|
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
: |
Subject is engaged in providing services relating to consulting,
training, assurance, certification and management these services are in the area
of CMMi, PCMM, COPC, Six Sigma, Project management, Innovation among others. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1340000 |
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|
|
|
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. For the financial year ended 2014, the company has reported above
average operational performance which resulted into profit achieved from its
operational activities. Rating also takes into consideration company’s sound financial risk
profile and fair liquidity position of the company. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually 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 |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Ms. Taruna |
|
Designation : |
H R Manager |
|
Contact No.: |
91-11-47776666 |
|
Date : |
02.06.2015 |
LOCATIONS
|
Registered Office : |
1010-12, Ansal Towers, 38 Nehru Place, New Delhi – 110019, India |
||||||||||||||
|
Tel. No.: |
91-11-26219792, 47776666, 26220580 |
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|
Fax No.: |
91-11-26218974 |
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E-Mail : |
customer_relations@ qaiglobal.com
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Website : |
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Branch Office : |
Located At :
|
DIRECTORS
AS ON 30.09.2014
|
Name : |
Sohan Raj Mohnot |
|
Designation : |
Director |
|
Address : |
S - 500, Greater Kailash - I, New Delhi - 110048, India |
|
Date of Birth/Age : |
15.03.1929 |
|
Date of Appointment : |
31.10.2001 |
|
DIN No.: |
00006889 |
|
|
|
|
Name : |
Rahul Gupta |
|
Designation : |
Director |
|
Address : |
House No.42, Sector-21B, Faridabad, Faridabad - 121001, Haryana, India |
|
Date of Birth/Age : |
14.03.1967 |
|
Date of Appointment : |
26.05.2010 |
|
DIN No.: |
00024732 |
|
|
|
|
Name : |
Shivhari Jamnadhar Agarwal |
|
Designation : |
Director |
|
Address : |
M-93, Greater Kailash-I, New Delhi - 110048, India |
|
Date of Birth/Age : |
27.07.1962 |
|
Date of Appointment : |
03.12.1993 |
|
DIN No.: |
00206605 |
|
|
|
|
Name : |
Rajiv Kumar Bapna |
|
Designation : |
Director |
|
Address : |
C-579, Defence Colony, New Delhi - 110024, India |
|
Date of Birth/Age : |
13.07.1953 |
|
Date of Appointment : |
16.05.1994 |
|
DIN No.: |
00337549 |
|
|
|
|
Name : |
Navyug Mohnot |
|
Designation : |
Whole-time director |
|
Address : |
S-500,Greater Kailash-I, New Delhi - 110048, India |
|
Date of Birth/Age : |
08.04.1962 |
|
Date of Appointment : |
01.08.2002 |
|
DIN No.: |
00411537 |
|
|
|
|
Name : |
Koppisetty Srinivas |
|
Designation : |
Director |
|
Address : |
Flat No.304, Building No.15, Mhada Residential Complex, Oshiwara, Andheri (West), Mumbai - 400053, Maharashtra, India |
|
Date of Birth/Age : |
17.05.1963 |
|
Date of Appointment : |
01.02.2008 |
|
DIN No.: |
00514607 |
|
|
|
|
Name : |
Allen Joseph Pathmarajah |
|
Designation : |
Director |
|
Address : |
17 Almond Crescent, Singapore - 677777, Singapore |
|
Date of Birth/Age : |
20.03.1938 |
|
Date of Appointment : |
13.12.2005 |
|
DIN No.: |
01301653 |
KEY EXECUTIVES
|
Name : |
Ms. Taruna |
|
Designation : |
H R Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
Shareholders details file attached
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Nationalized /Other Banks |
11.37 |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
20.36 |
|
Bodies corporate |
11.67 |
|
Directors or relatives of Directors |
34.91 |
|
Other top fifty shareholders |
21.69 |
|
Total |
100.00 |
%20LIMITED%20-%20325614%2005-Jun-2015_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in providing services relating to consulting,
training, assurance, certification and management these services are in the
area of CMMi, PCMM, COPC, Six Sigma, Project management, Innovation among
others. |
|
|
|
|
Brand Names : |
--- |
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|
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|
Agencies Held : |
--- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
Walker Chandiok and Company LLP Chartered Accountants |
|
Address : |
L 41 Connaught Circus, New Delhi – 110001, India |
|
PAN No.: |
AAAFW4298E |
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Memberships : |
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Collaborators : |
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Subsidiaries : |
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CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,778,324 |
Equity Shares |
Rs.10/- each |
Rs.17.783 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 |
17.783 |
17.783 |
17.783 |
|
(b) Reserves &
Surplus |
451.982 |
444.933 |
455.311 |
|
(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) |
469.765 |
462.716 |
473.094 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.188 |
0.605 |
0.977 |
|
(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 |
8.484 |
8.950 |
7.419 |
|
Total Non-current
Liabilities (3) |
8.672 |
9.555 |
8.396 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
7.597 |
8.385 |
21.262 |
|
(b) Trade payables |
35.497 |
29.526 |
27.658 |
|
(c) Other current
liabilities |
22.134 |
21.130 |
14.954 |
|
(d) Short-term provisions |
1.259 |
0.598 |
0.209 |
|
Total Current Liabilities
(4) |
66.487 |
59.639 |
64.083 |
|
|
|
|
|
|
TOTAL |
544.924 |
531.910 |
545.573 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
7.334 |
8.346 |
9.647 |
|
(ii) Intangible Assets |
14.704 |
23.263 |
24.101 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.496 |
0.887 |
0.859 |
|
(b) Non-current
Investments |
157.870 |
156.846 |
156.374 |
|
(c) Deferred tax assets
(net) |
5.326 |
2.982 |
0.474 |
|
(d) Long-term Loan and Advances |
33.123 |
34.334 |
33.970 |
|
(e) Other Non-current
assets |
35.265 |
31.962 |
15.000 |
|
Total Non-Current Assets |
254.118 |
258.620 |
240.425 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
199.962 |
182.503 |
203.862 |
|
(d) Cash and cash
equivalents |
4.241 |
9.636 |
20.500 |
|
(e) Short-term loans and
advances |
76.511 |
73.824 |
69.404 |
|
(f) Other current assets |
10.092 |
7.327 |
11.382 |
|
Total Current Assets |
290.806 |
273.290 |
305.148 |
|
|
|
|
|
|
TOTAL |
544.924 |
531.910 |
545.573 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
262.832 |
281.551 |
292.024 |
|
|
Other Income |
25.538 |
11.304 |
23.000 |
|
|
TOTAL |
288.370 |
292.855 |
315.024 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Employees benefits
expense |
147.905 |
149.751 |
144.021 |
|
|
Other expenses |
115.290 |
126.092 |
119.974 |
|
|
TOTAL |
263.195 |
275.843 |
263.995 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
25.175 |
17.012 |
51.029 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
2.533 |
2.391 |
1.721 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
22.642 |
14.621 |
49.308 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
11.757 |
12.038 |
12.297 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
10.885 |
2.583 |
37.011 |
|
|
|
|
|
|
|
Less |
TAX |
3.836 |
12.962 |
2.704 |
|
|
|
|
|
|
|
Less |
PRIOR
PERIOD ITEMS |
0.000 |
0.000 |
1.041 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
7.049 |
(10.379) |
33.266 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
147.243 |
157.622 |
124.356 |
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE
B/S |
154.292 |
147.243 |
157.622 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Professional Income |
76.016 |
85.229 |
101.915 |
|
|
Reimbursement of Expenses |
4.588 |
5.486 |
4.745 |
|
|
TOTAL EARNINGS |
80.604 |
90.715 |
106.660 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
3.96 |
(5.84) |
18.71 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.417 |
0.372 |
0.332 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
2.68 |
(3.69) |
11.39 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
9.58 |
6.04 |
17.47 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.86 |
0.70 |
9.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.01 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.02 |
0.02 |
0.05 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.37 |
4.58 |
4.76 |
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 |
17.783 |
17.783 |
17.783 |
|
Reserves & Surplus |
455.311 |
444.933 |
451.982 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
473.094 |
462.716 |
469.765 |
|
|
|
|
|
|
long-term borrowings |
0.977 |
0.605 |
0.188 |
|
Short term borrowings |
21.262 |
8.385 |
7.597 |
|
Current Maturities of
Long Term Debt |
0.332 |
0.372 |
0.417 |
|
Total borrowings |
22.571 |
9.362 |
8.202 |
|
Debt/Equity ratio |
0.048 |
0.020 |
0.017 |
%20LIMITED%20-%20325614%2005-Jun-2015_files/image015.gif)
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 |
292.024 |
281.551 |
262.832 |
|
|
|
(3.586) |
(6.649) |
%20LIMITED%20-%20325614%2005-Jun-2015_files/image017.gif)
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 |
292.024 |
281.551 |
262.832 |
|
Profit/Loss |
33.266 |
(10.379) |
7.049 |
|
|
11.39% |
(3.69%) |
2.68% |
%20LIMITED%20-%20325614%2005-Jun-2015_files/image019.gif)
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 |
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 |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Outstanding bank guarantee and letter of Credit |
0.265 |
0.005 |
NOTE
The registered office of the company has been shifted
from 1013-14, Ansal Towers, 38 Nehru Place, New Delhi – 110019, India to the
present address w.e.f. 04.09.2009.
OPERATING RESULTS
Global economic environment finally started turning around in 2013-14. The company also took many steps to turn-around by getting leaner and more focused. Initiatives of last couple of years, which didn’t fructify into the anticipated results were abandoned, even at the cost of lesser revenue. Focus was sharply concentrated on exploiting the core strengths the company throughout the year. The strategy finally paid off by ending up with better profitability. Revenues decreased marginally from Rs.292.900 Million to Rs.288.400 Million in the current year, however, the operating profit interest to Rs.22.600 Million as compared to Rs.14.600 Million in the preceding year. After tax and adjustment, the company earned a profit of Rs.7.000 Million as compared to a loss of Rs.10.400 Million in the previous year.
The company relentlessly worked throughout the year to rationalize the cost structure and prune all avoidable expenditures while allocating monetary and other resource to the areas which helped in achieving higher growth and revenue. The company continues to invest organizational energy and resources behind the promising business line of Workforce Development by focusing sharply on corporate in house trainings business that has shown good results and which, it believes, will be the growth engine for the company in the coming years.
INDEX OF CHARGES : NO
CHARGES EXIST FOR COMPANY
FIXED ASSETS
- Building
- Computer
- Furniture and fixtures
- Office Equipment
- Vehicle
- Software
- Knowledge Board Content
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.64.17 |
|
|
1 |
Rs.98.30 |
|
Euro |
1 |
Rs.72.25 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
45 |
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.