MIRA INFORM REPORT
|
Report No. : |
326510 |
|
Report Date : |
08.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
INORBIT MALLS
(INDIA) PRIVATE LIMITED (w.e.f. 03.02.2000) |
|
|
|
|
Formerly Known
As : |
K RAHEJA MALLS LIMITED |
|
|
|
|
Registered
Office : |
Plot No. C-30, Block G, Opposite SIDBI, Bandra Kurla Complex, Bandra
(East), Mumbai - 400051, Maharashtra |
|
Tel. No.: |
91-22-26565400 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
01.01.1999 |
|
|
|
|
Com. Reg. No.: |
11-117748 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.875.600 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200MH1999PTC117748 |
|
|
|
|
IEC No.: |
0302004238 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK9106G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is engaged in the business of real estate development such as malls, commercial and residential building. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
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 |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having satisfactory track record. Subject is a part of Raheja Group. It was incorporated in 1999. It is
engaged in the business of real estate development such as malls, commercial
and residential buildings. As per the financials of 2014, the subject has incurred loss from its
operation. There appears huge external borrowing taken by the company. However, the subject has strong financial and managerial support from
the group. Trade relations are fair. Business is active. Payments terms are
reported to be slow but correct. In the view of strong support from group and exclusive experience of
the promoters, the 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
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 DENIED
Management non co-operative (91-22-26565400)
LOCATIONS
|
Registered / Corporate Office: |
Plot No. C-30, Block G, Opposite SIDBI, Bandra Kurla Complex, Bandra
(East), Mumbai - 400051, Maharashtra |
|
Tel. No.: |
91-22-26565400 |
|
Fax No.: |
91-22-26565300/ 26564899 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Chandru Lachmandas Raheja |
|
Designation : |
Director |
|
Address : |
Raheja House, 53A, Pali Hill, Bandra, Mumbai-400050, Maharashtra,
India |
|
Date of Birth/Age : |
12.10.1940 |
|
Date of Appointment : |
01.01.1999 |
|
Election ID No.: |
MT/08036196080 |
|
DIN No.: |
00027979 |
|
|
|
|
Name : |
Mr. |
|
Designation : |
Director |
|
Address : |
Raheja House, 53A, Pali Hill, Bandra, Mumbai-400050, Maharashtra,
India |
|
Date of Birth/Age : |
23.09.1971 |
|
Date of Appointment : |
27.05.2004 |
|
Election ID No.: |
MT/08/036/195498 |
|
DIN No.: |
00028044 |
|
|
|
|
Name : |
Mr. Neel Chandru Raheja |
|
Designation : |
Director |
|
Address : |
Raheja House, 53A, Pali Hill, Bandra, Mumbai-400050, Maharashtra,
India |
|
Date of Birth/Age : |
27.06.1974 |
|
Date of Appointment : |
01.01.1999 |
|
DIN No.: |
00029010 |
|
|
|
|
Name : |
Mr. Kishore Lalchand Bhatija |
|
Designation : |
Director |
|
Address : |
Flat No. 204/206, 2nd Floor, A Wing, Samarth II, Samarth
Nagar, Andheri (West), Mumbai-400053, Maharashtra, India |
|
Date of Birth/Age : |
21.09.1956 |
|
PAN No.: |
AADPB1430A |
|
Date of Appointment : |
01.04.2015 |
|
DIN No.: |
02162754 |
KEY EXECUTIVES
|
Name : |
Vijay Kumar Gupta |
|
Designation : |
Secretary |
|
Address : |
E-318, Shree Dheeraj Savera Co-Operative Housing Society, Off Western
Express Highway, Borivali (East), Mumbai, Maharashtra, India |
|
Date of Birth/Age : |
15.02.1977 |
|
Date of Appointment : |
01.04.2010 |
|
PAN No.: |
AEOPG9325G |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Anbee Constructions Private Limited, India |
|
1561890 |
|
Cape Trading Private Limited, India |
|
1561890 |
|
Capstan Trading Private Limited, India |
|
1396890 |
|
Raheja Lachmandas Chandru jointly with Raheja Chandru Jyoti |
|
5940 |
|
Raheja Chandru Jyoti jointly with Raheja Lachmandas Chandru |
|
5940 |
|
Raheja Chandru Ravi jointly with Raheja Lachmandas Chandru jointly
with Raheja Chandru Jyoti |
|
5940 |
|
Raheja Chandru Neel jointly with Raheja Lachmandas Chandru jointly
with Raheja Chandru Jyoti |
|
5939 |
|
Raghukool Estate Devt. Private Limited, India |
|
1396890 |
|
Casa Maria Properties Private Limited, India |
|
1396890 |
|
Palm Shelter Estate Devt. Private Limited, India |
|
1396890 |
|
K. Raheja Corp Private Limited, India |
|
10450 |
|
Ivory Properties And Hotels Private Limited, India |
|
10450 |
|
Raheja Chandru Neel jointly with Valecha Mohanlal Ramesh |
|
1 |
|
Total |
|
8756000 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
99.73 |
|
Directors or relatives of Directors |
0.27 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20326510_MIRA%2008-Jun-2015_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of real estate
development such as malls, commercial and residential building. |
|
|
|
|
Products / Services : |
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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 : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
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 : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
B S R and Company Chartered Accountants |
|
Address : |
1st Floor, Lodha Excelus, N M Joshi Marg, Mumbai – 400011, Maharashtra, India |
|
PAN No.: |
AAKFB4397F |
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|
Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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Subsidiary Company : |
Trion Properities Private Limited, India |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8810000 |
Equity Shares |
Rs.10/- each |
Rs.881.000 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8756000 |
Equity Shares |
Rs.10/- each |
Rs.875.600
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 |
875.600 |
875.600 |
875.600 |
|
(b) Reserves &
Surplus |
650.332 |
801.468 |
751.964 |
|
(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) |
1525.932 |
1677.068 |
1627.564 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
9113.901 |
8000.304 |
6455.552 |
|
(b) Deferred tax
liabilities (Net) |
191.294 |
105.983 |
140.404 |
|
(c) Other long term liabilities |
613.539 |
484.282 |
193.091 |
|
(d) long-term provisions |
7.797 |
10.429 |
7.757 |
|
Total Non-current
Liabilities (3) |
9926.531 |
8600.998 |
6796.804 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
258.090 |
1692.951 |
1172.471 |
|
(b) Trade payables |
345.361 |
390.619 |
139.920 |
|
(c) Other current
liabilities |
1525.050 |
1042.844 |
1233.471 |
|
(d) Short-term provisions |
10.622 |
4.205 |
1.861 |
|
Total Current Liabilities
(4) |
2139.123 |
3130.619 |
2547.723 |
|
|
|
|
|
|
TOTAL |
13591.586 |
13408.685 |
10972.091 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
6.953 |
6.413 |
4.831 |
|
(ii) Intangible Assets |
3.052 |
3.258 |
3.773 |
|
(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 |
9250.922 |
8522.727 |
7956.589 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1232.504 |
1388.449 |
1273.614 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.006 |
|
Total Non-Current Assets |
10493.431 |
9920.847 |
9238.813 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2395.112 |
1612.962 |
1088.479 |
|
(c) Trade receivables |
281.306 |
265.157 |
221.377 |
|
(d) Cash and cash
equivalents |
64.012 |
100.082 |
25.017 |
|
(e) Short-term loans and
advances |
234.164 |
1264.802 |
358.996 |
|
(f) Other current assets |
123.561 |
244.835 |
39.409 |
|
Total Current Assets |
3098.155 |
3487.838 |
1733.278 |
|
|
|
|
|
|
TOTAL |
13591.586 |
13408.685 |
10972.091 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
2035.970 |
1981.065 |
1612.196 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(65.825) |
19.236 |
91.046 |
|
|
|
|
|
|
|
Less |
TAX |
85.311 |
(30.268) |
24.241 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(151.136) |
49.504 |
66.805 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
345.334 |
295.83 |
229.025 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
194.198 |
345.334 |
295.830 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
5.126 |
44.582 |
0.497 |
|
|
Capital Goods |
3.382 |
45.848 |
1.65 |
|
|
TOTAL IMPORTS |
8.508 |
90.430 |
2.147 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(17.26) |
5.65 |
7.62 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
581.996 |
364.645 |
489.055 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(7.42) |
2.50 |
4.14 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.52) |
0.39 |
3.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.04) |
0.01 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
6.52 |
6.00 |
4.99 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.45 |
1.11 |
0.68 |
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 |
875.600 |
875.600 |
875.600 |
|
Reserves & Surplus |
751.964 |
801.468 |
650.332 |
|
Net worth |
1627.564 |
1677.068 |
1525.932 |
|
|
|
|
|
|
long-term borrowings |
6455.552 |
8000.304 |
9113.901 |
|
Short term borrowings |
1172.471 |
1692.951 |
258.090 |
|
Current Maturities of
Long Term Debt |
489.055 |
364.645 |
581.996 |
|
Total borrowings |
8117.078 |
10057.900 |
9953.987 |
|
Debt/Equity ratio |
4.987 |
5.997 |
6.523 |
%20PRIVATE%20LIMITED%20-%20326510_MIRA%2008-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 |
1612.196 |
1981.065 |
2035.970 |
|
|
|
22.880 |
2.771 |
%20PRIVATE%20LIMITED%20-%20326510_MIRA%2008-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 |
1612.196 |
1981.065 |
2035.970 |
|
Profit |
66.805 |
49.504 |
(151.136) |
|
|
4.14% |
2.50% |
(7.42%) |
%20PRIVATE%20LIMITED%20-%20326510_MIRA%2008-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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
Yes |
|
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 |
Note:
Registered address has been shifted from the Construction House ‘A’, 24th
Road, Khar, Mumbai – 400052, Maharashtra, India to the present address
w.e.f.25.06.2008.
OPERATIONAL REVEIW
The new mall at Vadodara has received a good response. The mall at Vashi, Navi Mumbai continues to be a dominating mall in its territory. The other mall at Malad, Mumbai continues to perform well. These malls continued to attract high quality retailers with many more vying for space in the malls. The average occupancy at these malls also remained high.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
SHORT TERM
BORROWING |
|
|
|
Working capital loans from banks |
74.042 |
91.422 |
|
Intercorporate borrowings |
0.000 |
1500.000 |
|
Total |
74.042 |
1591.422 |
INDEX OF CHARGES
|
S. No . |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10539224 |
10/11/2014 |
5,350,000,000.00 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI - 400020, Maharashtra, INDIA |
C38412078 |
|
2 |
10524457 |
09/09/2014 |
4,390,000,000.00 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE
169BACKBAY RECLAMATION, H T PAREKH MA |
C27067560 |
|
3 |
10486689 |
18/03/2014 |
1,600,000,000.00 |
Bank of Baroda |
Corporate Financial Services Branch, 1st Floor, 3 Walchand Hirachand Marg, Ballard Pier, Mumbai - 400001, Maharashtra, INDIA |
C01099472 |
|
4 |
10422518 |
08/04/2013 |
3,000,000,000.00 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE 169BACKBAY
RECLAMATION, H T PAREKH MA |
B73968448 |
|
5 |
10286962 |
20/04/2011 |
750,000,000.00 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE
169BACKBAY RECLAMATION, H T PAREKH MA |
B12925152 |
|
6 |
10213925 |
28/01/2015 * |
2,000,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
Asian Bldg., Ground Floor, 17, R.Kamani Marg, Ballard Estate,, MUMBAI - 400001, Maharashtra, INDIA |
C41476953 |
* Date of charge modification
FIXED ASSETS
- Building
- Plant and machinery
- Furniture and fixtures
- Vehicles
- Computers
- Office equipment’s
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.63.89 |
|
|
1 |
Rs.97.97 |
|
Euro |
1 |
Rs.71.81 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
PNM |
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 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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 |
|
46 |
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.