MIRA INFORM REPORT
|
Report No. : |
327868 |
|
Report Date : |
17.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
GREEN GOLD TIMBERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 36/1 and 37, NH 8A, 8KM, Milestone, Post Box No.259, Padama
Anjar – 370110, Gujarat |
|
Mob. No.: |
91-9825225721 (Mr. Anuj) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
15.10.1998 |
|
|
|
|
Com. Reg. No.: |
04-034826 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 35.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U20200GJ1998PTC034826 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
RKTG00080D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG7875Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of Furniture Components, Wall Pannels, Doors and Windows. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established in the year 1998 by the Manglik Family of
Dehradun. It is an established company having moderate track record. Reserves and profitability of the company seems to be low during 2014. However, trade relations are reported as fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for business dealings with some caution. |
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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = B+ (Suspended) |
|
Rating Explanation |
Have risk prone credit quality and carries very high credit risk. |
|
Date |
December 19, 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A4 (Suspended) |
|
Rating Explanation |
Have minimal degree of safety and carry very high credit risk. |
|
Date |
December 19, 2014. |
Reason for Suspension:
The suspension of ratings is on account of non-cooperation
by company with CRISIL’s efforts to undertake a review of the rating
outstanding.
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. Surendra Kumar Sharma |
|
Designation : |
Accountant |
|
Contact No.: |
91-9099025721 |
|
Date : |
17.06.2015 |
LOCATIONS
|
Registered Office : |
Survey No. 36/1 and 37, NH 8A, 8KM, Milestone, Post Box No.259, Padama
Anjar – 370110, Gujarat , India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9825225721 (Mr. Anuj) 91-9099025721 (Mr. Surendra Kumar Sharma) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Branch Office : |
B-5, Government Industrial Estate, Patel Nagar, Dehradun – 248001,
Uttaranchal, India |
|
Tel. No.: |
91-135-2722541 |
|
Fax No.: |
91-135-2723404 |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Akhilesh Manglik |
|
Designation : |
Director |
|
Address : |
House No-41/42 Navratanresidency Block-A, Meghpar Borichi, Anjar – 370110, Gujarat, India |
|
Date of Appointment : |
15.10.1998 |
|
PAN No.: |
00301110 |
|
|
|
|
Name : |
Mudit Manglik |
|
Designation : |
Director |
|
Address : |
11-A Nemi Road, Dalanwala, Dehradun – 248001, Uttarakhand, India |
|
Date of Appointment : |
15.10.1998 |
|
PAN No.: |
00301050 |
|
|
|
|
Name : |
Anuj Manglik |
|
Designation : |
Director |
|
Address : |
Plot No -180/181 Navratana Residency, Meghpar Borichi, Gandhidham – 370201, Gujarat, India |
|
Date of Appointment : |
15.10.1998 |
|
PAN No.: |
00301167 |
|
|
|
|
Name : |
Rita Manglik |
|
Designation : |
Director |
|
Address : |
180 Navrattan Residency, Meghpar Anjar, Gandhidham Kutch – 370110, Gujarat, India |
|
Date of Appointment : |
27.09.2007 |
|
PAN No.: |
02561466 |
KEY EXECUTIVES
|
Name : |
Mr. Surendra Kumar Sharma |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Akhilesh Manglik |
|
988770 |
|
Mudit Manglik |
|
246060 |
|
Anuj Manglik |
|
928740 |
|
Rita Manglik |
|
210 |
|
Archana Manglik |
|
438960 |
|
Rashi Manglik |
|
189060 |
|
Mudit Manglik (HUF) |
|
357150 |
|
Green Gold Tree Farmers Private Limited, India |
|
210000 |
|
Ankit Manglik |
|
150 |
|
Madhu Jain |
|
150 |
|
Rakesh Sagar Jain |
|
150 |
|
Fulford Sales Private Limited, India |
|
150 |
|
Goldborn Commotrade Private Limited, India |
|
150 |
|
Navnita Delcomm Private Limited, India |
|
150 |
|
Timbor Home Private Limited, India |
|
150 |
|
Akhilesh Manglik HUF |
|
140000 |
|
|
|
|
|
Total |
|
3500000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2014
|
Category |
Percentage |
|
Bodies corporate |
6.02 |
|
Directors or relatives of Directors |
93.98 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Furniture Components, Wall Pannels, Doors and
Windows. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
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|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Cheque and Credit |
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|
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Purchasing : |
Cash, Cheque and Credit |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
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Customers : |
Not Divulged
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No. of Employees : |
100 (Approximately) |
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Bankers : |
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||||||||||||||||||||||||
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||||||||||||||||||||||||
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Hiranandani and Company Chartered Accountant |
|
Address : |
“Banke Bihari” Plot No. 16,
Ward 1B (C), Gandhidham – 370203, Gujarat, India |
|
PAN No.: |
AACFH2667N |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
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|
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|
Associates/Subsidiaries : |
|
CAPITAL STRUCTURE
AS ON 29.09.2014
Authorised Capital : Rs. 50.000 Million
Issued, Subscribed & Paid-up Capital : Rs. 44.000
Million
AS ON 30.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3500000 |
Equity Shares |
Rs.10/- each |
Rs. 35.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3500000 |
Equity Shares |
Rs.10/- each |
Rs. 35.000
Million |
|
|
|
|
|
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 |
35.000 |
22.400 |
22.400 |
|
(b) Reserves & Surplus |
6.263 |
12.065 |
6.925 |
|
(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) |
41.263 |
34.465 |
29.325 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
7.045 |
16.922 |
15.250 |
|
(b) Deferred tax liabilities (Net) |
0.427 |
0.435 |
0.488 |
|
(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) |
7.472 |
17.357 |
15.738 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
114.778 |
66.148 |
40.932 |
|
(b) Trade
payables |
254.013 |
223.529 |
203.247 |
|
(c) Other
current liabilities |
31.928 |
14.250 |
25.977 |
|
(d) Short-term
provisions |
3.277 |
1.631 |
0.891 |
|
Total Current
Liabilities (4) |
403.996 |
305.558 |
271.047 |
|
|
|
|
|
|
TOTAL |
452.731 |
357.380 |
316.110 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
21.884 |
21.010 |
21.483 |
|
(ii)
Intangible Assets |
0.000 |
0.009 |
0.010 |
|
(iii)
Capital work-in-progress |
0.007 |
1.052 |
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 |
3.200 |
3.942 |
4.022 |
|
(e) Other
Non-current assets |
33.133 |
32.390 |
14.933 |
|
Total Non-Current
Assets |
58.224 |
58.403 |
40.448 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
258.863 |
204.589 |
136.805 |
|
(c) Trade
receivables |
103.911 |
83.084 |
114.194 |
|
(d) Cash
and cash equivalents |
24.473 |
1.404 |
14.363 |
|
(e)
Short-term loans and advances |
0.430 |
9.757 |
10.178 |
|
(f) Other
current assets |
6.830 |
0.143 |
0.122 |
|
Total Current
Assets |
394.507 |
298.977 |
275.662 |
|
|
|
|
|
|
TOTAL |
452.731 |
357.380 |
316.110 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
952.586 |
966.828 |
762.539 |
|
|
|
Other Income |
2.430 |
2.018 |
1.979 |
|
|
|
TOTAL |
955.016 |
968.846 |
764.518 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
852.388 |
903.480 |
636.893 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(54.274) |
(67.785) |
(12.925) |
|
|
|
Employees benefits expense |
6.038 |
5.849 |
4.552 |
|
|
|
Other expenses |
114.730 |
100.414 |
116.728 |
|
|
|
TOTAL |
918.882 |
941.958 |
745.248 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
36.134 |
26.888 |
19.270 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
24.550 |
15.746 |
13.386 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
11.584 |
11.142 |
5.884 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.256 |
3.388 |
3.548 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
8.328 |
7.754 |
2.336 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.930 |
2.614 |
0.891 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
5.398 |
5.140 |
1.445 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
526.219 |
483.498 |
340.624 |
|
|
TOTAL IMPORTS |
526.219 |
483.498 |
340.624 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.54 |
2.29 |
0.65 |
|
Expected Sales (2014-15): Rs. 1100.000 Million
The above information has been parted by Mr. Surendra Kumar Sharma
(Accountant)
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 |
8.126 |
(4.565) |
30.407 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.57 |
0.53 |
0.19 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
3.79 |
2.78 |
2.53 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.84 |
2.18 |
0.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.22 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.95 |
2.41 |
1.92 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.98 |
0.98 |
1.02 |
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 |
22.400 |
22.400 |
35.000 |
|
Reserves & Surplus |
6.925 |
12.065 |
6.263 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
29.325 |
34.465 |
41.263 |
|
|
|
|
|
|
long-term borrowings |
15.250 |
16.922 |
7.045 |
|
Short term borrowings |
40.932 |
66.148 |
114.778 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
56.182 |
83.070 |
121.823 |
|
Debt/Equity
ratio |
1.916 |
2.410 |
2.952 |
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 |
762.539 |
966.828 |
952.586 |
|
|
|
26.791 |
(1.473) |
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 |
762.539 |
966.828 |
952.586 |
|
Profit |
1.445 |
5.140 |
5.398 |
|
|
0.19% |
0.53% |
0.57% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
------- |
|
33 |
Market information |
------- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
From related
parties Akhilesh Manglik HUF Akhilesh Manglik Anubhuti Manglik Anuj Manglik HUF Anuj Manglik Archana Manglik Mudit Manglik HUF Rashi Manglik Rita Manglik Mudit Manglik |
0.000 0.000 0.000 0.000 0.900 0.000 0.000 0.000 4.696 0.639 |
6.313 1.500 0.129 0.558 0.900 0.214 1.377 1.230 4.137 0.564 |
|
SHORT TERM
BORROWING |
|
|
|
From Related
Parties |
|
|
|
Ananya Manglik |
0.750 |
0.450 |
|
Anchal Manglik |
0.744 |
0.656 |
|
Ankit Manglik HUF |
1.727 |
1.496 |
|
Kapilesh Manglik |
3.347 |
3.347 |
|
Kapilesh Manglik HUF |
2.706 |
0.000 |
|
Raghav Manglik |
0.831 |
0.841 |
|
Akhilesh Manglik |
0.453 |
1.596 |
|
Anuj Manglik |
0.509 |
0.782 |
|
Akhilesh Maglik HUF |
5.580 |
0.000 |
|
Anubhuti Manglik |
0.146 |
0.000 |
|
Anuj Manglik HUF |
0.633 |
0.000 |
|
Archana Manglik |
0.146 |
0.000 |
|
Anuj Manglik HUF |
0.633 |
0.000 |
|
Archana Manglik |
0.243 |
0.000 |
|
Mudit Manglik HUF |
1.563 |
0.000 |
|
Rashi Manglik |
1.395 |
0.000 |
|
From other |
|
|
|
Madhu Jain |
0.000 |
0.212 |
|
Kumkum Jain |
0.567 |
0.570 |
|
Ragini Kumar |
0.567 |
0.570 |
|
Alka Aren |
1.500 |
1.500 |
|
Ajay Mahajan |
1.116 |
1.003 |
|
Fulford Sales Private Limited |
6.648 |
6.023 |
|
Goldburn Commotrade Private Limited |
5.541 |
5.034 |
|
Navnita Dealcomm Private Limited |
0.000 |
3.021 |
|
Nishtha Vincom Private Limited |
3.207 |
0.000 |
|
Timbor Home Limited |
0.000 |
9.118 |
|
|
|
|
|
Total |
46.787 |
53.141 |
|
|
|
|
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10437818 |
28/11/2013 * |
57,000,000.00 |
UNION BANK OF INDIA |
19-B, RAJPUR ROAD, DEHRADUN, Uttarakhand - 248001, INDIA |
B91461475 |
|
2 |
90106707 |
10/02/2003 * |
10,000,000.00 |
UNION BANK OF INDIA |
19-B RAJPUR ROAD, DEHRADUN, Uttar Pradesh, INDIA |
- |
|
3 |
90106581 |
21/04/2005 * |
10,000,000.00 |
UNION BANK OF INDIA |
19-B RAJPUR ROAD, DEHRADUN, Uttar Pradesh, INDIA |
- |
|
4 |
90105115 |
23/02/2015 * |
390,000,000.00 |
UNION BANK OF INDIA |
19-B, RAJPUR ROAD, DEHRADUN, Uttarakhand - 248001, INDIA |
C49153430 |
* Date of charge modification
FIXED ASSETS
- Buildings
- Plant and
Equipments
- Furniture and
Fixture
- Vehicles
- Office
Equipments
- Computer
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 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. 64.15 |
|
UK Pound |
1 |
Rs. 100.04 |
|
Euro |
1 |
Rs. 72.27 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.