MIRA INFORM REPORT
|
Report No. : |
326835 |
|
Report Date : |
12.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHAHI EXPORTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
F-88, Okhla Industrial Area, Phase-1, New Delhi, Delhi-110020 |
|
Tel. No.: |
91-129-2273980 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
15.07.2005 |
|
|
|
|
Com. Reg. No.: |
55-138730 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 102.321 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18101DL2005PTC138730 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS27895A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJCS1175L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer
and Exporter of Readymade Garments. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 18000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established in the year 2005 and engaged in the business
of Manufacturing and Exporting of Readymade Garments. It is an established company having satisfactory track record. General financial position of the company seems to be decent. Trade relations are fair. Business is active. Payment Terms are
reported to be usual correct. The Company can be considered for business dealings at usual trade
terms and conditions. Note: Profit and loss account for the year 2013 and 2014 is not
available. |
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) 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 BY
Management Non-cooperative (Tel No. 91-129-2273980 / 91-11-26819229 /
91-29-2273970)
LOCATIONS
|
Registered
Office : |
F-88, Okhla Industrial Area Phase-1, New Delhi – 110 020, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office
: |
I.P.-1, Sector - 28, Faridabad – 121 008, Haryana, India |
|
Tel. No.: |
91-129-2273980/ 4044444 |
|
Fax No.: |
91-129-2273485/ 2273491 |
|
|
|
|
Unit : |
(Unit Sarla Fabrics), 30/2, Loni Road, Mohan Nagar, District Ghaziabad – 201 007, Uttar Pradesh, India |
|
Fax No.: |
91-120-2657591 |
|
E-Mail : |
|
|
|
|
|
Bangalore Office
1/ Factory : |
Knits Division 37/1B, Arekere, Bannerghatta Road, Bangalore – 560 076, Karnataka, India |
|
Tel. No.: |
91-80-26481095,
26583371, 26597192 |
|
Fax No.: |
91-80-26591123 |
|
|
|
|
Bangalore Office
2 : |
Woven Division PB 3449, Opposite ALT College, Sarjapura Road, Belandur Gate, Bangalore -560 034, Karnataka, India |
|
Tel. No.: |
91-80-25180100/ 28439214/ 28439215/
28440424/ 28440425 |
|
Fax No.: |
91-80-28439356 |
|
|
|
|
Overseas Office
: |
Woven Division Suite No-21 B (21st Floor), Navana Tower, Gulshan Cilcle 1, Dhaka-1212, Bangladesh |
|
Tel. No.: |
+8801713259787 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Harish Mangumal Ahuja |
|
Designation : |
Director |
|
Address : |
22, Amritashergil Marg, New Delhi – 110 003, India |
|
Date of Birth : |
10.09.1955 |
|
Date of Appointment : |
15.07.2005 |
|
DIN No.: |
00047548 |
|
PAN No.: |
ACZPA3786G |
|
|
|
|
Name : |
Mr. Vinod Kumar Bhardwaj |
|
Designation : |
Director |
|
Address : |
WZ-56, Nimri Village, Shastri Nagar, New Delhi – 110 052, India |
|
Date of Birth/Age : |
28.06.1964 |
|
Date of Appointment : |
30.09.2009 |
|
DIN No.: |
00057037 |
|
PAN No.: |
AAHPB5694C |
|
|
|
|
Name : |
Mr. Subhash Shamprasad Tiwari |
|
Designation : |
Director |
|
Address : |
D-202, Adarsh Residency, 8th Block, Jayanagar, Bangalore –
560 082, Karnataka, India |
|
Date of Birth/Age : |
01.06.1964 |
|
Qualification : |
Chartered Accountant |
|
Date of Appointment : |
18.07.2005 |
|
DIN No.: |
00047572 |
|
PAN No.: |
ABRPT4829G |
|
|
|
|
Name : |
Mr. Jalandhar Dattubuwa Giri |
|
Designation : |
Director |
|
Address : |
112, 1st Floor, Eros Garden, Suraj Kund Road, Faridabad –
121 009, Haryana, India |
|
Date of Birth/Age : |
17.11.1947 |
|
Date of Appointment : |
30.09.2010 |
|
DIN No.: |
00047490 |
KEY EXECUTIVES
|
Name : |
Mr. Ajeet Kumar Thakur |
|
Designation : |
Secretary |
|
Address : |
House No.2563,
Ground Floor, Rear Portion, Greenfield, Colony, Sector-41 and 42, Faridabad,
Haryana, India |
|
Date of Birth/Age : |
20.03.1982 |
|
Date of Appointment : |
07.11.2011 |
|
PAN No.: |
AFJPT1557P |
|
|
|
|
Name : |
Mr. Anbazhagan T |
|
Designation : |
Chief Operating Officer |
|
|
|
|
Name : |
Mr. Ramalingam T. |
|
Designation : |
Chief Executive Officer - Marketing |
|
|
|
|
Name : |
Mr. Raghvan R.V |
|
Designation : |
Chief Executive Officer - Marketing |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders (Equity Shares) |
No. of Shares |
|
Harish Ahuja |
7718058 |
|
Sarla M. Ahuja |
1982888 |
|
Delhi Brass and Metal Works Private Limited, India |
495900 |
|
AHP Properties Private Limited, India |
5090 |
|
P.H. Estates Private Limited, India |
5090 |
|
SEH Apparel (India) Private Limited, India |
5090 |
|
S.F.G. Developers Private Limited, India |
5000 |
|
Total |
10217116 |
|
Names of Shareholders (Preference Shares) |
No. of Shares |
|
Delhi Brass and Metal Works Private Limited, India |
15000 |
|
Total |
15000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
4.40 |
|
Directors or relatives of Directors |
95.60 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
and Exporter of Readymade Garments. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
||||||||||||||||||
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|
||||||||||||||||||
|
Customers : |
Not Divulged |
||||||||||||||||||
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|
|
||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Puneet Mishra and Company Chartered Accountants |
|
Address : |
79, Sector 33, Faridabad, Haryana, India |
|
PAN No.: |
AAHFP9830G |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15500000 |
Equity Shares |
Rs.10/- each |
Rs. 155.000 Million |
|
265000 |
Preference Share |
Rs.10/- each |
Rs. 2.650 Million |
|
|
TOTAL |
|
Rs. 157.650
Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10217116 |
Equity Shares |
Rs.10/- each |
Rs. 102.171 Million |
|
15000 |
Preference Share |
Rs.10/- each |
Rs.0.105 Million |
|
|
TOTAL |
|
Rs. 102.321
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 |
102.321 |
102.321 |
102.321 |
|
(b) Reserves & Surplus |
6444.327 |
4932.650 |
3652.462 |
|
(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) |
6546.648 |
5034.971 |
3754.783 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
5032.955 |
4756.697 |
2164.921 |
|
(b) Deferred tax liabilities (Net) |
115.806 |
173.666 |
95.544 |
|
(c) Other long term
liabilities |
5.783 |
36.352 |
399.108 |
|
(d) Long-term provisions |
1492.085 |
1131.256 |
723.267 |
|
Total Non-current
Liabilities (3) |
6646.629 |
6097.971 |
3382.840 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
3042.032 |
4693.888 |
3735.527 |
|
(b) Trade payables |
1513.631 |
2507.672 |
1438.306
|
|
(c) Other current
liabilities |
2899.649 |
2485.412 |
2260.774
|
|
(d) Short-term provisions |
15.504 |
11.975 |
37.817
|
|
Total Current Liabilities
(4) |
7470.816 |
9698.947 |
7472.424 |
|
|
|
|
|
|
TOTAL |
20664.093 |
20831.889 |
14610.047 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
8506.271 |
7749.994 |
5618.309 |
|
(ii) Intangible Assets |
15.850 |
18.658 |
8.514 |
|
(iii) Capital
work-in-progress |
240.551 |
513.282 |
419.634 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.536 |
0.336 |
0.369 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1995.442 |
1146.106 |
623.785 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
10758.650 |
9428.376 |
6670.611 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2890.599 |
3730.964 |
2619.253
|
|
(c) Trade receivables |
4856.748 |
5319.892 |
3702.518
|
|
(d) Cash and cash equivalents |
905.060 |
185.649 |
129.186
|
|
(e) Short-term loans
and advances |
1015.669 |
2014.236 |
1374.564 |
|
(f) Other current
assets |
237.367 |
152.772 |
113.915 |
|
Total Current Assets |
9905.443 |
11403.513 |
7939.436 |
|
|
|
|
|
|
TOTAL |
20664.093 |
20831.889 |
14610.047 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
|
|
26370.763 |
|
|
|
Other Income |
|
|
261.245 |
|
|
|
Increase/ Decrease in stocks |
|
|
(60.920) |
|
|
|
TOTAL (A) |
NA |
NA |
26571.088 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
24357.893 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
NA |
2213.195 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
NA |
545.258 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
NA |
1667.937 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
NA |
569.972 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
NA |
NA |
1097.965 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
NA |
212.898 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
1511.678 |
1280.187 |
885.067 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
NA |
NA |
23545.500 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
147.74 |
125.11 |
86.50 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
NA |
NA |
3.36 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
NA |
NA |
8.39 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
NA |
NA |
7.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
NA |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.23 |
1.88 |
1.57 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.33 |
1.18 |
1.06 |
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 |
102.321 |
102.321 |
102.321 |
|
Reserves & Surplus |
3652.462 |
4932.650 |
6444.327 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
3754.783 |
5034.971 |
6546.648 |
|
|
|
|
|
|
long-term borrowings |
2164.921 |
4756.697 |
5032.955 |
|
Short term borrowings |
3735.527 |
4693.888 |
3042.032 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
5900.448 |
9450.585 |
8074.987 |
|
Debt/Equity
ratio |
1.571 |
1.877 |
1.233 |
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 |
No |
|
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 |
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 |
No |
|
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:
The registered office of the company has been shifted from 3262, Ranjeet
Nagar, New Delhi – 110 008, India to present address w.e.f. 01.02.2012.
UNSECURED LOANS
|
Particulars |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
LONG-TERM
BORROWINGS |
|
|
|
Loans and advances from directors |
993.986 |
993.986 |
|
Total
|
993.986 |
993.986 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10511408 |
04/07/2014 |
332,200,000.00 |
CANARA BANK |
PRIME CORPORATE
BRANCH - I, 1, DDA BUILDING, FIRS |
C13934427 |
|
2 |
10396743 |
24/01/2014 * |
1,173,000,000.00 |
CANARA BANK |
PRIME CORPORATE
BRANCH - I, NEHRU PLACE, NEW DELH |
B96338355 |
|
3 |
10320378 |
05/11/2011 |
3,880,000,000.00 |
CANARA BANK |
PCB-I, NEHRU
PLACE, NEW DELHI, DELHI - 110019, IN |
B26469510 |
|
4 |
10320379 |
05/11/2011 |
11,318,000,000.00 |
CANARA BANK |
PCB-I, NEHRU
PLACE, NEW DELHI, DELHI - 110019, IN |
B26471110 |
|
5 |
10194354 |
17/12/2009 |
320,000,000.00 |
CANARA BANK |
PCB-I, NEHRU
PLACE, NEW DELHI, DELHI - 110019, IN |
A76559939 |
|
6 |
10094186 |
10/02/2015 * |
14,787,600,000.00 |
CANARA BANK |
PRIME CORPORATE
BRANCH-I, 1, DDA BUILDING, FIRST |
C45205937 |
|
7 |
10070996 |
22/09/2007 |
50,000,000.00 |
CANARA BANK |
MAHARANI BAGH,
NEW DELHI, DELHI - 110014, INDIA |
A24968687 |
|
8 |
10070997 |
22/09/2007 |
70,000,000.00 |
CANARA BANK |
MAHARANI BAGH,
NEW DELHI, DELHI - 110014, INDIA |
A24969537 |
|
9 |
10053317 |
25/04/2007 |
275,000,000.00 |
CANARA BANK |
MAHARANI BAGH,
NEW DELHI, DELHI - 110014, INDIA |
A16106023 |
|
10 |
10033343 |
04/01/2007 |
180,000,000.00 |
CANARA BANK |
MAHARANI BAGH,
NEW DELHI, DELHI - 110014, INDIA |
A09639667 |
|
11 |
10027367 |
10/02/2015 * |
14,787,600,000.00 |
CANARA BANK |
PRIME CORPORATE
BRANCH-I, 1, DDA BUILDING, FIRST |
C45205192 |
|
12 |
10029915 |
04/03/2011 * |
52,500,000.00 |
CANARA BANK |
PCB BRANCH,
NEHRU PLACE, NEW DELHI, DELHI - 11001 |
B09014127 |
|
13 |
10028982 |
10/02/2015 * |
14,787,600,000.00 |
CANARA BANK |
PRIME CORPORATE
BRANCH - I, 1, DDA BUILDING, FIRS |
C45205523 |
|
14 |
80000109 |
21/05/2014 * |
6,500,000,000.00 |
CANARA BANK |
PRIME CORPORATE
BRANCH - I, 1 DDA BUILDING, FIRST |
C07287899 |
|
15 |
80000108 |
10/02/2015 * |
14,787,600,000.00 |
CANARA BANK |
PRIME CORPORATE
BRANCH - I, 1 DDA BUILDING, FIRST |
C45206752 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Vehicles
·
Furniture and Fixtures
·
Office Equipments
·
Computers
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.98.90 |
|
Euro |
1 |
Rs.72.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
REK |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ASH |
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 |
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 |
|
48 |
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.