MIRA INFORM REPORT
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Report No. : |
325643 |
|
Report Date : |
06.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
LIPI MARKETING PRIVATE LIMITED |
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|
|
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Registered
Office : |
Plot No. 32, Nehru Nagar, First Link Stations. Old
Mahabalipuram Road, Kottivakkam, Chennai – 600041, Tamilnadu |
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Tel. No.: |
91-44-66727300 |
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|
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of Incorporation
: |
16.07.2001 |
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Com. Reg. No.: |
047448 |
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Capital
Investment / Paid-up Capital : |
Rs. 5.000 Million |
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|
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CIN No.: [Company Identification
No.] |
U52399TN2001PTC047448 |
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|
|
IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
CHEL03051G |
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|
|
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PAN No.: [Permanent Account No.] |
AAACL6709L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Importer of Digital Printing Machine. |
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|
|
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No. of Employees
: |
28 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 120000 |
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|
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 2001, dealing
in trading and importing of digital printing machine. Mr. Ramesh manager of sales and service has provided general
information about the company and had denied to provide the financial details
of the company. Thus the track record found is moderate. As per registrar of companies the date of balance sheet (i.e.
financial filed) is shown as 31.03.2014 but the documents related to the
financial are not available from any source. As per available financial information the company has incurred loss
by its operational activity during the year 2012-2013 However, trade relations are fair. Business is active. Payments are
slow but correct. The company can be considered for business dealings with some
cautions. |
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
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) DEFAILTERS’ 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. Ramesh |
|
Designation : |
Manager sales and services |
|
Contact No.: |
91-9444395458 |
|
Date : |
03.06.2015 |
LOCATIONS
|
Registered Office: |
Plot No. 32, Nehru Nagar, First Link Stations. Old
Mahabalipuram Road, Kottivakkam, Chennai – 600041, Tamilnadu, India |
|
Tel. No.: |
91-44-66727300 / 24543438 / 24543437 / 66727332 |
|
Mobile No.: |
91-9444395458 (Mr. Ramesh) |
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Fax No.: |
91-44-24540737 / 24543432 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality : |
Commercial |
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|
|
|
Regional Office : |
·
No :9, Nagappier Street, Opposite Star Theatre,
Thiruvatteeswaranpet, Triplicane, Chennai – 600005, Tamilnadu, India ·
No 8-3-319/8/11, MCH Number 1318, Behind Sarathi
Studio, Yellareddyguda, Ameerpet, Hyderabad – 50000458, Andhra Pradesh, India ·
No. 46/1, East Link Road, 3rd Cross,
Malleshwaram, Bangalore – 560003, Karnataka, India ·
No.1/4, 115, Thiruvathukal, Manikunnam Junction,
Vellore (P.O.), Kottayam – 686003 ·
No.1, MKG Layout 2nd Street,
Muyhu Nagar Extension, Tirupur -
641607 |
DIRECTORS
|
Name : |
Mr. Mathew Varghese |
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Designation : |
Director |
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Address : |
C- 15, Kottur Villa, 5 Block Street, Kotturpuram Chennai - 600085,
Tamilnadu, India |
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Date of Birth/Age : |
10.01.1963 |
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Date of Appointment : |
16.07.2001 |
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DIN No.: |
01956362 |
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Other
Directorship :
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Name : |
Mrs. Sheeba Varghese |
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Designation : |
Director |
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|
Address : |
C- 15, Kottur Villa, 5 Block Street, Kotturpuram Chennai - 600085,
Tamilnadu, India |
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Date of Birth/Age : |
28.02.1971 |
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Date of Appointment : |
03.08.2001 |
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DIN No.: |
01903699 |
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Other
Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Ramesh |
|
Designation : |
Manager sales and services |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Annamma Mathew |
5000 |
1.00 |
|
Mathew Varghese |
407758 |
81.55 |
|
Sheeba Varghese |
41134 |
8.23 |
|
AP Philip |
35554 |
7.11 |
|
Annamma Philip |
10554 |
2.11 |
|
Total |
500000 |
100.00 |
As on 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Digital Printing Machine. |
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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 : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Cheque |
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Purchasing : |
Cash and Cheque |
PRODUCTION STATUS : Not
Available
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
28 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
N D’souza and Associates Chartered Accountants |
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Address : |
No. 11, Anna Nagar Link Road, Shenoy Nagar, Chennai – 600030,
Tamilnadu, India |
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Tel. No.: |
91-44-26631719 |
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PAN No.: |
AAAPD6629A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
Rs. 10/- each |
Rs. 6.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs. 10/- each |
Rs. 5.000 Million |
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|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
5.000 |
5.000 |
5.000 |
|
(b) Reserves & Surplus |
40.320 |
45.068 |
43.753 |
|
(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) |
45.320 |
50.068 |
48.753 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.070 |
0.236 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.000 |
0.070 |
0.236 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
41.229 |
45.649 |
33.360 |
|
(b) Trade
payables |
14.647 |
22.083 |
39.640 |
|
(c) Other current
liabilities |
15.160 |
9.044 |
10.900 |
|
(d) Short-term
provisions |
0.000 |
0.496 |
0.732 |
|
Total Current
Liabilities (4) |
71.036 |
77.272 |
84.632 |
|
|
|
|
|
|
TOTAL |
116.356 |
127.410 |
133.621 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
19.687 |
21.501 |
21.508 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.055 |
0.126 |
0.204 |
|
(d) Long-term Loan and Advances |
0.889 |
0.949 |
0.757 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
20.631 |
22.576 |
22.469 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
46.023 |
45.766 |
35.958 |
|
(c) Trade
receivables |
38.288 |
43.354 |
48.576 |
|
(d) Cash
and cash equivalents |
2.882 |
5.652 |
5.790 |
|
(e)
Short-term loans and advances |
8.532 |
10.062 |
20.828 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
95.725 |
104.834 |
111.152 |
|
|
|
|
|
|
TOTAL |
116.356 |
127.410 |
133.621 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
|
|
195.582 |
231.193 |
|
|
Other Income |
|
8.972 |
5.575 |
|
|
TOTAL (A) |
204.554 |
236.768 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
|
154.601 |
191.920 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(9.807) |
(9.809) |
|
|
Employees benefits
expense |
|
20.406 |
20.104 |
|
|
Other expenses |
|
27.986 |
23.318 |
|
|
TOTAL (B) |
|
193.186 |
225.533 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION
(C) |
NA |
11.368 |
11.235 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
|
7.146 |
6.276 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
4.222 |
4.959 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
2.332 |
2.332 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
1.890 |
2.627 |
|
|
|
|
|
|
|
|
Less |
TAX (I) |
|
0.574 |
0.839 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-I) (J) |
(4.749) |
1.316 |
1.788 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(9.49) |
2.63 |
3.58 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
NA |
0.67 |
0.77 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
5.81 |
4.86 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
1.48 |
1.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.04 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.91 |
0.91 |
0.69 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35 |
1.36 |
1.31 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
5.000 |
5.000 |
5.000 |
|
Reserves & Surplus |
43.753 |
45.068 |
40.320 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
48.753 |
50.068 |
45.320 |
|
|
|
|
|
|
long-term borrowings |
0.236 |
0.070 |
0.000 |
|
Short term borrowings |
33.360 |
45.649 |
41.229 |
|
Current Maturities of
Long Term Debt |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
33.596 |
45.719 |
41.229 |
|
Debt/Equity ratio |
0.689 |
0.913 |
0.910 |
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 |
Yes |
|
17 |
Details of sister concerns |
No |
|
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 |
No |
|
26 |
Turnover of firm for last two years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90286657 |
13/02/2014 * |
43,700,000.00 |
STATE BANK OF INDIA |
SME BRANCH, ADYAR, 2ND
FLOOR, NO.5 1ST CROSS STREET, KASTURBA NAGAR, CHENNAI, TAMIL NADU -
600020, |
B96818851 |
* Date of charge modification
UNSECURED LOANS
|
Particular |
31.03.2013 |
31.03.2012 |
|
Short Term
Borrowing |
|
|
|
From Banks |
0.327 |
0.126 |
|
|
|
|
|
Total |
0.327 |
0.126 |
FIXED ASSETS
· Land
· Building
· Plant and machinery
· Motor vehicle
· Computer
· Office equipment
· Furniture /Fitting
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. 63.90 |
|
|
1 |
Rs. 97.98 |
|
Euro |
1 |
Rs. 71.82 |
INFORMATION DETAILS
|
Information
Gathered by : |
MNJ |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
TRU |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NB |
New Business |
||
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.