MIRA INFORM REPORT
|
Report No. : |
326727 |
|
Report Date : |
10.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHAKTI INTERNATIONAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
303-B, Alpha Main Street Hiranandani Gardens, Powai, Mumbai – 400076,
Maharashtra |
|
Tel. No.: |
91-22-61793333 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
21.10.2004 |
|
|
|
|
Com. Reg. No.: |
11-149195 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 20.110 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51220MH2004PTC149195 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS47856E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICS4914J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importers of edible oil and other commodities. |
|
|
|
|
No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. The company possess a favorable financial profile marked by
substantial increase in its networth base as a result of sustained increase
in its scale of operations. Subsequently the company has effectively managed its working capital
requirements coupled with low total outside liabilities to tangible networth
ratio leading to above average debt protection metrics. Management has witnesses a decent revenue base, whereas reported a
moderate amid maintained profit margin during FY 14, due to limited value
adding nature of the business. The rating also take into consideration, the competitive pressures
further affecting margins along with the susceptibility in business profile
as a result of statutory regulatory changes. However, trade relations are fair. Business is active. Payment terms
are reported as usually correct. In view experienced promoters, 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 |
CRISIL |
|
Rating |
Long Term Rating = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
April 15 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
April 15 2015 |
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. Anil Bijitkar |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-61793333 |
|
Date : |
09.06.2015 |
LOCATIONS
|
Registered Office : |
303-B, Alpha Main Street Hiranandani Gardens, Powai, Mumbai – 400076,
Maharashtra, India |
|
Tel. No.: |
91-22-61793333 |
|
Mobile No.: |
91-9920057885 (Mr. Shreyas) |
|
Fax No.: |
91-22-40050033 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1400 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch : |
New No. 216, Old No. 226, 3rd Floor, Thambuchetty Street,
Chennai – 600001, Tamilnadu, India |
|
Premises : |
Rented |
|
Locality : |
Commercial |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Srinivaas Venkoba Sirigeri |
|
Designation : |
Managing Director |
|
Address : |
C-1601, Lake Castle Co-operative Housing Society Limited, Cliff Avenue
Road, Hiranandani Gardens, Powai, Mumbai – 400 076, Maharashtra, India |
|
Date of Birth/Age : |
16.05.1961 |
|
Date of Appointment : |
21.10.2004 |
|
DIN No.: |
00107126 |
|
PAN No.: |
AAEPS3211P |
|
|
|
|
Name : |
Mr. Shreyas Srinivaas Sirigeri |
|
Designation : |
Director |
|
Address : |
C-1601, Lake Castle Co-operative Housing Society Limited, Cliff Avenue
Road, Hiranandani Gardens, Powai, Mumbai – 400 076, Maharashtra, India |
|
Date of Birth/Age : |
07.05.1985 |
|
Date of Appointment : |
23.07.2012 |
|
DIN No.: |
03313676 |
|
PAN No.: |
BYZPS3375N |
KEY EXECUTIVES
|
Name : |
Mr. Anil Bijitkar |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
holding |
|
Srinivaas Sirigeri |
1240000 |
61.65 |
|
Siddharth Sirigeri |
21000 |
1.03 |
|
Padmaja S. Sirigeri |
300000 |
14.91 |
|
Jayshree H. Gor |
50000 |
2.49 |
|
Jayshree D. Makani |
50000 |
2.49 |
|
Vijay P. Motta |
50000 |
2.49 |
|
Vipul N. Kotak |
50000 |
2.49 |
|
Shantaram B. Khilari |
50000 |
2.49 |
|
Rupa H. Tanna |
50000 |
2.49 |
|
Genus Comu Trade Limited, India |
50000 |
2.49 |
|
RFL International Limited, India |
50000 |
2.49 |
|
Ken Securities Limited, India |
50000 |
2.49 |
|
Total |
2011000 |
100.00 |
AS ON 30.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
7.47 |
|
Directors
or relatives of directors |
|
77.59 |
|
Other
top fifty shareholders |
|
14.94 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importers of edible oil and other commodities. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
|
|
Products : |
Edible Oil |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Cheque and Credit |
|
|
|
|
Purchasing : |
Trader and Importers of edible oil and other commodities. |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
|
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Customers : |
Not Divulged
|
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||||||||||||||||||||||
|
No. of Employees : |
15 (Approximately) |
||||||||||||||||||||||
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||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
|
Auditors : |
|
|
Name : |
D.C. Bothra and Company Chartered Accountants |
|
Address : |
297, Tardeo Road, Willie Mansion, Nana Chowk, Mumbai – 400 007, Maharashtra, India |
|
Tel. No.: |
91-22-23876643/ 64551656 |
|
Fax No.: |
91-22-23876943 |
|
E-Mail : |
|
|
PAN No.: |
AACFD4645G |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Shakti Enterprises |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2011000 |
Equity Shares |
Rs.10/- each |
Rs.20.110
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
20.110 |
20.110 |
20.110 |
|
(b) Reserves & Surplus |
392.662 |
324.365 |
264.141 |
|
(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) |
412.772 |
344.475 |
284.251 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
101.791 |
150.958 |
123.732 |
|
(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) |
101.791 |
150.958 |
123.732 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
50.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
996.844 |
856.827 |
752.976 |
|
(c) Other
current liabilities |
11.035 |
4.009 |
8.966 |
|
(d) Short-term
provisions |
3.060 |
1.043 |
0.353 |
|
Total Current
Liabilities (4) |
1060.939 |
861.879 |
762.295 |
|
|
|
|
|
|
TOTAL |
1575.502 |
1357.312 |
1170.278 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
10.470 |
3.377 |
3.016 |
|
(ii)
Intangible Assets |
0.050 |
0.084 |
0.139 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.242 |
0.255 |
0.263 |
|
(e) Other
Non-current assets |
0.000 |
11.036 |
105.601 |
|
Total Non-Current
Assets |
10.762 |
14.752 |
109.019 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
64.917 |
50.976 |
49.279 |
|
(b)
Inventories |
156.791 |
0.000 |
130.807 |
|
(c) Trade
receivables |
693.578 |
752.222 |
507.366 |
|
(d) Cash
and cash equivalents |
579.245 |
425.329 |
141.543 |
|
(e) Short-term
loans and advances |
46.209 |
96.385 |
225.898 |
|
(f) Other
current assets |
24.000 |
17.648 |
6.366 |
|
Total
Current Assets |
1564.740 |
1342.560 |
1061.259 |
|
|
|
|
|
|
TOTAL |
1575.502 |
1357.312 |
1170.278 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4809.535 |
4282.144 |
3556.363 |
|
|
|
Other Income |
69.578 |
77.684 |
93.280 |
|
|
|
TOTAL (A) |
4879.113 |
4359.828 |
3649.643 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
4833.965 |
4021.954 |
3623.474 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(156.759) |
130.807 |
(130.807) |
|
|
|
Employees benefits expense |
8.560 |
6.076 |
4.865 |
|
|
|
Other expenses |
84.306 |
110.699 |
49.659 |
|
|
|
TOTAL (B) |
4770.072 |
4269.536 |
3547.191 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
109.041 |
90.292 |
102.452 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.148 |
3.877 |
4.050 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
102.893 |
86.415 |
98.402 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.821 |
0.980 |
1.142 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
102.072 |
85.435 |
97.260 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
33.775 |
25.211 |
30.954 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
68.297 |
60.224 |
66.306 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
33.96 |
58.61 |
64.53 |
|
Expected Sales (2014-15): Rs. 4810.000 Million
The above information has been parted by Mr. Anil Bijitkar (Finance
Manager)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.42 |
1.41 |
1.86 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
2.27 |
2.11 |
2.88 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.48 |
6.29 |
8.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25 |
0.25 |
0.34 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.37 |
0.44 |
0.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.47 |
1.56 |
1.39 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
20.110 |
20.110 |
20.110 |
|
Reserves & Surplus |
264.141 |
324.365 |
392.662 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
284.251 |
344.475 |
412.772 |
|
|
|
|
|
|
long-term borrowings |
123.732 |
150.958 |
101.791 |
|
Short term borrowings |
0.000 |
0.000 |
50.000 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
123.732 |
150.958 |
151.791 |
|
Debt/Equity
ratio |
0.435 |
0.438 |
0.368 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
3556.363 |
4282.144 |
4809.535 |
|
|
|
20.408 |
12.316 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
3556.363 |
4282.144 |
4809.535 |
|
Profit |
66.306 |
60.224 |
68.297 |
|
|
1.86% |
1.41% |
1.42% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
----- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
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 |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
----- |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
Yes |
|
33 |
Market information |
----- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS:
|
HIGH COURT OF
BOMBAY |
|
CASE DETAILS BENCH: BOMBAY |
|
Presentation
Date:- 08/04/2015 |
|
|
|
Reg. No.:- CA/254/2015
Reg. Date.:- 09/04/2015 |
|
Main
Matter Lodging No.:- CPL/202/2013
Reg. No.:- CP/256/2013 |
|
LIMITED
Petn. Adv : SITESHH S. SHARMA (I8694) Resp. Adv.:- 0(0) District: PUNE |
|
Status: PRE-ADMISSION
Category: COMPANY APPLN. U/SEC 433, 434,439 OF
COMPANIES ACT
Next Date: 08/06/2015 Stage:
FOR DIRECTION (COMPANY MATTERS) Last Coram: HON’BLE SHRI JUSTICE S.C. GUPTE |
|
Act: Companies Act and Rules 1956 UNDER SECTION: 433, 434, 439 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10523897 |
01/10/2014 |
330,000,000.00 |
Axis Bank Limited |
Ground Floor. Axis House, Bombay Dyeing Mills Comp, Pandurang Budhkar Marg, Worli, MUMBAI, Maharashtra - 400025, INDIA |
C25195660 |
|
2 |
10341581 |
17/02/2012 |
20,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B34772806 |
|
3 |
10338524 |
17/02/2012 |
150,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B33414020 |
|
4 |
10247612 |
27/09/2013 * |
540,000,000.00 |
Oriental Bank of Commerce |
Prabhadevi Branch, Aman Chambers, 1st Floor, Veer Savarkar Marg, Prabhadevi, Mumbai, Maharashtra - 400025, INDIA |
B86470655 |
|
5 |
10197295 |
12/01/2010 |
250,000,000.00 |
ORIENTAL BANK OF COMMERCE LIMITED |
Prabhadevi Branch, Aman Chambers, 1st Floor, Veer Savarkar Marg, Prabhadevi, Mumbai, Maharashtra - |
A77635100 |
|
6 |
10192686 |
03/11/2011 * |
336,100,000.00 |
STATE BANK OF INDIA |
BACKBAY RECLAMATION BRANCH, RAHEJA CHAMBERS, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
B26608000 |
* Date of charge modification
FIXED ASSETS
· Furniture and Fixtures
· Vehicles
· Motor Vehicles
·
Office Equipment
·
Computer Equipments
·
Other Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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. 63.94 |
|
UK Pound |
1 |
Rs. 98.27 |
|
Euro |
1 |
Rs. 72.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
JYO |
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 |
4 |
|
--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 |
|
44 |
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.