MIRA INFORM REPORT

 

 

Report No. :

328170

Report Date :

18.06.2015

 

IDENTIFICATION DETAILS

 

Name :

AGSON GLOBAL PRIVATE LIMITED

 

 

Formerly Known As :

SHREE GOPAL IMPEX PRIVATE LIMITED

 

 

Registered Office :

JA-1218 to 1225, 12th Floor, DLF Tower-A, Jasola, New Delhi - 110025

Tel. No.:

91-11-42224900

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

29.05.1997

 

 

Com. Reg. No.:

55-087560

 

 

Capital Investment / Paid-up Capital :

Rs. 298.074 Million

 

 

CIN No.:

[Company Identification No.]

U51909DL1997PTC087560

 

 

IEC No.:

0597019592

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELS12106D

 

 

PAN No.:

[Permanent Account No.]

AABCS5562R

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer of Menthol, Essential Oil, Aromatic Chemicals and also Trader of Dry Fruits.

 

 

No. of Employees :

100 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (48)

 

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

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated as Shree Gopal Impex Private Limited in May 1997, by Mr. Arpesh Garg. It was renamed as Agson Global Private Limited in 2008.

 

It is an established company having satisfactory track record.

 

Profitability of the company seems to be low during 2014. However, general financial position of the company seems to be decent.

 

The rating also takes into consideration experience and resourcefulness of company’s promoters and the company long track record in the business of trading of almonds.

 

Trade relations are fair. Business is active. Payment terms are reported to be slow but correct.

 

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

CARE

Rating

Long term Bank facilities = BBB-

Rating Explanation

Have moderate degree of safety and carry moderate credit risk.

Date

December 22, 2014

 

 

Rating Agency Name

CARE

Rating

Short term Bank facilities = A3

Rating Explanation

Have moderate degree of safety and carry higher credit risk.

Date

December 22, 2014

 

 

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 PARTED BY

 

Name :

Mr. D. Mishra

Designation :

Accounts Manager

Contact No.:

91-11-42224900

Date :

18.06.2015

 

 

LOCATIONS

 

Registered Office :

JA-1218 to 1225, 12th Floor, DLF Tower-A, Jasola, New Delhi – 110025, India

Tel. No.:

Not Available

Mobile No.:

91-9811627792 (Mr. Himanshu Garg)

Fax No.:

Not Available

E-Mail :

manishisharma@agsonglobal.com

agson@agsonglobal.com  

sgipl@yahoo.co.in  

 

 

Corporate Office :

12th Floor, DLF Tower A, Jasola Vihar, Faridabad – 110044, Haryana, India

Tel. No.:

91-11-42224900

 

 

DIRECTORS

 

AS ON 27.09.2014

 

Name :

Mr. Apresh Garg

Designation :

Director

Address :

A-25, Nirman Vihar, New Delhi – 110092, India

Date of Birth/Age :

12.10.1968

Date of Appointment :

29.05.1997

PAN No.:

AEBPG2428P

DIN No.:

00485743

Other Directorship :

 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U51909DL1997PTC087560

AGSON GLOBAL PRIVATE LIMITED

Director

29-05-1997

29-05-1997

-

Active

NO

2

U51909DL2005PTC136388

ASM TRAXIM PRIVATE LIMITED

Director

18-05-2005

18-05-2005

26-11-2008

Active

NO

3

U51909DL2005PTC136387

AMG EXIM PRIVATE LIMITED

Director

18-05-2005

18-05-2005

01-11-2007

Active

NO

4

U51909DL2005PTC136386

S M G EXPORTS PRIVATE LIMITED

Director

18-05-2005

18-05-2005

01-11-2007

Active

NO

5

U32209DL1997PTC088689

REAL TRADE LINKS PRIVATE LIMITED

Director

28-05-2005

28-05-2005

-

Active

NO

6

U51109DL2010PTC209547

BLUE DIAMOND EXPORTS PRIVATE LIMITED

Director

19-10-2010

19-10-2010

25-01-2015

Active

NO

7

U74999DL2010PTC210773

MONARCH BUSINESS VENTURES PRIVATE LIMITED

Director

25-11-2010

25-11-2010

-

Active

NO

8

U24248DL2011PTC216099

AGSON FLAVOURS PRIVATE LIMITED

Director

18-03-2011

18-03-2011

-

Active

NO

9

U74899DL1992PTC049659

R J COLD STORAGE PRIVATE LIMITED

Director

15-06-2013

10-10-2012

07-07-2014

Active

NO

 

 

Name :

Mrs. Monika Garg

Designation :

Director

Address :

A-25, Nirman Vihar, New Delhi – 110092, India

Date of Birth/Age :

28.05.1972

Date of Appointment :

29.05.1997

PAN No.:

AEBPG2426D

DIN No.:

00925199

Other Directorship :

 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U51909DL1997PTC087560

AGSON GLOBAL PRIVATE LIMITED

Director

29-05-1997

29-05-1997

-

Active

NO

2

U51909DL2005PTC136388

ASM TRAXIM PRIVATE LIMITED

Director

18-05-2005

18-05-2005

01-02-2007

Active

NO

3

U51909DL2005PTC136387

AMG EXIM PRIVATE LIMITED

Director

18-05-2005

18-05-2005

01-11-2007

Active

NO

4

U51909DL2005PTC136386

S M G EXPORTS PRIVATE LIMITED

Director

18-05-2005

18-05-2005

01-11-2007

Active

NO

5

U32209DL1997PTC088689

REAL TRADE LINKS PRIVATE LIMITED

Director

28-05-2005

28-05-2005

-

Active

NO

6

U51109DL2010PTC209547

BLUE DIAMOND EXPORTS PRIVATE LIMITED

Director

19-10-2010

19-10-2010

25-01-2015

Active

NO

7

U24248DL2011PTC216099

AGSON FLAVOURS PRIVATE LIMITED

Director

18-03-2011

18-03-2011

-

Active

NO

8

U74999DL2010PTC210773

MONARCH BUSINESS VENTURES PRIVATE LIMITED

Additional director

25-08-2012

25-08-2012

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Manishi Tandon

Designation :

Secretary

Address :

Flat No.3, C-33D, Shree Balaji Apartments, Paryavaran Complex, Saket, New Delhi – 110030, India

Date of Birth/Age :

12.11.1984

Date of Appointment :

13.07.2011

PAN No.:

AEAPT4798N

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 27.09.2014

 

NOTE: SHAREHOLDING DETAILS FILE ATTACHED

 

 

AS ON 27.09.2014

 

Equity Share Breakup

Percentage of Holding

Category

 

Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]

33.01

Bodies corporate

0.37

Directors or relatives of directors

64.14

Others

2.48

 

 

Total

 

100.00

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Menthol, Essential Oil, Aromatic Chemicals and also Trader of Dry Fruits.

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

 

Products :

--

Countries :

--

 

 

Imports :

 

Products :

Dry Fruits

Countries :

US

 

 

Terms :

 

Selling :

Cash and Credit (30 Days, 60 Days and 90 Days)

 

 

Purchasing :

Cash and Credit (30 Days, 60 Days and 90 Days)

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

Customers :

End Users and OEMs

 

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

No. of Employees :

100 (Approximately)

 

 

Bankers :

Bank Name:

Indian Overseas Bank

Branch:

Unit No. A-19 and 22, Moolchand Shopping Complex, Defence Colony, New Delhi - 110024, Delhi, India

Person Name (with Designation):

Not Divulged

Contact Number:

Not Divulged

Name of Account Holder:

Not Divulged

Account Number:

Not Divulged

Account Since (Date/ Year of A/c Opening):

Not Divulged

Average Balance Maintained (Optional):

Not Divulged

Credit Facilities Enjoyed (CC/OD/Term Loan):

Cash Credit = Rs. 5100.000 Million

Account Operation:

Not Divulged

Remarks:

Not Divulged

 

·         Central Bank of India

Mid Corporate Finance Branch, Ground Floor, Right Wing, Link House 3, Bahadur Shah Zafar Marg, New Delhi - 110002, Delhi, India

 

·         Punjab National Bank

BO : Sansad Marg, 5, Sansad Marg, New Delhi - 110001, Delhi, India

 

·         Union Bank of India

C-4, Community Centre, Safdarjung Development Area, Delhi - 110016, Delhi, India

 

·         Punjab National Bank

Parliament Street, New Delhi - 110001, India

 

·         Corporation Bank

M-93, Connaught Circus, New Delhi - 110001, India

 

·         Bank of Baroda

Parliament Street, New Delhi, India

 

·         Union Bank

SDA Market, New Delhi, India

 

·         Vijaya Bank

Barakhamba Road, New Delhi, India

 

·         Canara Bank

New Delhi, India

 

 

Facilities :

SECURED LOANS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

SHORT TERM BORROWINGS

 

 

Loans repayable on demand from banks

4826.447

2930.442

 

 

 

Total

 

4826.447

2930.442

 

 

 

Auditors :

 

Name :

Kailash Kahanna and Company

Chartered Accountants

Address :

Flat No. 789, Sector-16B, PKT. B, Dwarka, New Delhi – 110078, India

Tel. No.:

91-11-28034771

Mobile No.:

91-9873051900

Income-tax PAN of auditor or auditor's firm :

AZDPS4153L

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Subsidiary Company :

Penther Global Pte Limited, Singapore

 

 

CAPITAL STRUCTURE

 

AFTER 27.09.2014

 

Authorised Capital : Rs. 340.000 Million

 

Issued, Subscribed & Paid-up Capital : Rs. 338.535 Million

 

 

AS ON 27.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

15,500,000

Equity Shares

Rs. 10/- each

Rs. 155.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

13,821,875

Equity Shares

Rs. 10/- each

Rs. 138.219 Million

 

 

 

 

 

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

31,000,000

Equity Shares

Rs. 10/- each

Rs. 310.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

29,807,375

Equity Shares

Rs. 10/- each

Rs. 298.074 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

298.074

138.219

123.319

(b) Reserves & Surplus

2599.705

1247.604

1078.777

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

530.000

149.200

Total Shareholders’ Funds (1) + (2)

2897.779

1915.823

1351.296

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

190.519

190.519

190.519

(b) Deferred tax liabilities (Net)

6.911

4.081

0.894

(c) Other long term liabilities

532.373

177.600

141.746

(d) long-term provisions

1.729

4.558

6.500

Total Non-current Liabilities (3)

731.532

376.758

339.659

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

4826.447

2930.442

2098.098

(b) Trade payables

1369.618

832.228

1206.838

(c) Other current liabilities

3.004

2.566

0.772

(d) Short-term provisions

46.389

35.691

20.802

Total Current Liabilities (4)

6245.458

3800.927

3326.510

 

 

 

 

TOTAL

9874.769

6093.508

5017.465

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

1264.018

634.899

572.581

(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

116.141

115.412

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

1380.159

750.311

572.581

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

7145.163

4832.322

3686.215

(c) Trade receivables

1048.024

292.423

664.496

(d) Cash and cash equivalents

100.699

57.897

54.095

(e) Short-term loans and advances

2.884

14.521

22.916

(f) Other current assets

197.840

146.034

17.162

Total Current Assets

8494.610

5343.197

4444.884

 

 

 

 

TOTAL

9874.769

6093.508

5017.465

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

 

 

TURNOVER

14701.488

7579.155

6204.513

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

NA

NA

NA

 

 

 

 

 

 

PROFIT BEFORE TAX

122.482

82.602

61.190

 

 

 

 

 

Less

TAX                                                                 

49.220

18.076

20.805

 

 

 

 

 

 

PROFIT AFTER TAX

73.262

64.526

40.385

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Export Earnings

1164.950

881.243

567.873

 

 

 

 

 

 

Earnings Per Share (Rs.)

2.46

4.67

3.27

 

Expected Sales (2014-2015): Rs. 20000.000 Million

 

The above information has been parted by Mr. D. Mishra (Accounts Manager)

 

 

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

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

1.26

1.38

1.22

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.04

0.04

0.05

 

 

 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 

1.73

1.63

1.69

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.36

1.41

1.34

 

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

 

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

123.319

138.219

298.074

Reserves & Surplus

1078.777

1247.604

2599.705

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

530.000

149.200

Net worth

1202.096

1915.823

3046.979

 

 

 

 

Long-term borrowings

190.519

190.519

190.519

Short term borrowings

2098.098

2930.442

4826.447

Total borrowings

2288.617

3120.961

5016.966

Debt/Equity ratio

1.904

1.629

1.647

 

 

 

 

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)

Turnover

6204.513

7579.155

14701.488

 

 

22.156

93.973

 

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Turnover

6204.513

7579.155

14701.488

Profit

40.385

64.526

73.262

 

0.65%

0.85%

0.50%

 

 

 

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

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

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

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

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10573884

28/05/2015

35,000,000.00

CORPORATION BANK OVERSEAS BRANCH

M-93,CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA

C55925713

2

10557592

25/03/2015

111,000,000.00

STATE BANK OF INDIA

SME BRANCH, OKHLA INDUSTRIAL AREA, NEW DELHI, DELHI - 110020, INDIA

C48009161

3

10558448

19/03/2015

395,000,000.00

CANARA BANK

PARLIAMENT STREET, NEW DELHI, DELHI - 110001, INDIA

C48592687

4

10532459

07/11/2014

300,000,000.00

BANK OF INDIA

PARLIAMENT STREET BRANCH, 4, SANSAD MARG, NEW DELHI, DELHI - 110001, INDIA

C34386144

5

10526573

27/09/2014

2,300,500,000.00

INDIAN OVERSEAS BANK

UNIT NO. A-19 & 22 MOOLCHAND SHOPPING COMPLEX, DEFENCE COLONY, NEW DELHI, DELHI - 110024, INDIA

C30210041

6

10424801

30/03/2013

1,100,000.00

PUNJAB NATIONAL BANK

PARLIAMENT STREET BRANCH, 5 SANSAD MARG, NEW DELHI, DELHI - 110001, INDIA

B74795642

7

10417040

21/03/2013

1,000,000.00

UNION BANK OF INDIA

C-4, COMMUNITY CENTRE, SAFDARJUNG DEVELOPMENT ARE 
A, DELHI, DELHI - 110016, INDIA

B72360340

8

10310970

01/05/2015 *

5,594,900,000.00

CENTRAL BANK OF INDIA

MID CORPORATE FINANCE BRANCH ,GROUND FLOOR, "LINK HOUSE"3, BAHADUR SHAH ZAFAR MARG, NEW DELHI, DELHI - 110002, INDIA

C54534383

9

10267859

08/05/2015 *

6,000,500,000.00

INDIAN OVERSEAS BANK

UNIT NO. A-19 & 22, MOOLCHAND SHOPPING COMPLEX, DEFENCE COLONY, NEW DELHI, DELHI - 110024, INDIA

C54842372

10

10162050

07/05/2015 *

6,000,500,000.00

INDIAN OVERSEAS BANK

UNIT NO. A-19 & 22, MOOLCHAND SHOPPING COMPLEX, DEFENCE COLONY, NEW DELHI, DELHI - 110024, INDIA

C54841440

 

* Date of charge modification

 

 

UNSECURED LOANS

 

PARTICULARS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

Other loans and advances

190.519

190.519

 

 

 

Total

 

190.519

190.519

 

 

CHANGE OF ADDRESS:

 

The Registered Office of the company has been shifted from JA-1117, 11th Floor, DLF Tower, Jasola, New Delhi – 110044, India to the present address w.e.f.21.11.2012

 

 

FIXED ASSETS:

 

·         Vehicles

·         Office equipment

·         Other Equipment

 

 

 

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. 64.11

UK Pound

1

Rs. 100.32

Euro

1

Rs. 72.17

 

 

INFORMATION DETAILS

 

Information Gathered by :

PPT

 

 

Analysis Done by :

RAS

 

 

Report Prepared by :

BVA

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

6

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

6

--PROFITABILIRY

1~10

3

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--RESERVES

1~10

6

--CREDIT LINES

1~10

6

--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

YES

--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

 

--

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.