MIRA INFORM REPORT
|
Report No. : |
327528 |
|
Report Date : |
18.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHIV SHAKTI FLOAT GLASSES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
4 A, Kewal Park Extension Power House Road, Azadpur, New Delhi – 110033 |
|
Tel. No.: |
91-11-27672946 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
19.04.2001 |
|
|
|
|
Com. Reg. No.: |
55-110487 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 38.047 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51433DL2001PTC110487 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS28798A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCS8455C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Glass Items. |
|
|
|
|
No. of Employees
: |
50 (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 : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. It was incorporated in 2001. Initially, subject was engaged in the
trading of float glass but in 2007 the company started manufacturing of float
glasses. General financial position of the company seems to be fair. However, Rating also takes into consideration, subject’s small scale
of operations, working capital intensive nature of business operations and
presence in a highly fragmented industry. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In the view of extensive experience of promotors in the glass
industry, established relationship with the suppliers, customers and distributers,
the subject 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 Rating CARE “BBB” |
|
Rating Explanation |
Moderate degree of safety and Moderate
Credit Risk |
|
Date |
23.03.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Rating CARE “A3” |
|
Rating Explanation |
Moderate Degree of Safety and Higher Credit
Risk |
|
Date |
23.03.2015 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) 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. Lalit Sharma |
|
Designation : |
Finance Department |
|
Contact No.: |
91-9927838880 |
|
Date : |
16.06.2015 |
LOCATIONS
|
Registered Office : |
4 A, Kewal Park Extension Power House Road, Azadpur, New Delhi –
110033, India |
|
Tel. No.: |
91-11-27672946 |
|
Mobile No.: |
91-9927838880/ (Mr. Lalit Sharma ) 9927838883(Mr. Deepak) |
|
Fax No.: |
91-11-27670594 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Factory: |
Khasra No.123, Plot No. 167, Raipur, Industrial Area, Bhagwanpur,
Roorkee – 247667, Uttarakhand, India |
|
E-Mail : |
|
|
Website: |
DIRECTORS
As on 29.09.2014
|
Name : |
Mrs. Kalpana Tyagi |
|
Designation : |
Director |
|
Address : |
B 5 T Vijata Vihar, Delhi Police Society Rohini Sector-13, New Delhi – 110085, India |
|
Date of Birth/Age : |
25.09.1960 |
|
Date of Appointment : |
19.04.2001 |
|
DIN No.: |
01762336 |
|
|
|
|
Name : |
Mr. Devender Tyagi |
|
Designation : |
Director |
|
Address : |
Flat No-B-5t Delhi Police Society, Vijataya Vihar Sector-13 Rohini, New Delhi, 110085, India |
|
Date of Birth/Age : |
01/01/1959 |
|
Date of Appointment : |
19/04/2001 |
|
DIN No.: |
01762495 |
|
|
|
|
Name : |
Mr. Gurav Tyagi |
|
Designation : |
Director |
|
Address : |
Flat No-B-5t Delhi Police Society, Vijataya Vihar Sector-13 Rohini, New Delhi, 110085, India |
|
Date of Birth/Age : |
12/08/1984 |
|
Date of Appointment : |
27/04/2012 |
|
DIN No.: |
05260760 |
|
|
|
|
Name : |
Mrs. Meghna Tyagi |
|
Designation : |
Director |
|
Address : |
4/358 Prahladgarhi Link Road, Ghaziabad – 201010, Uttar Pradesh, India |
|
Date of Birth/Age : |
03.10.1984 |
|
Date of Appointment : |
27/04/2012 |
|
DIN No.: |
05260764 |
KEY EXECUTIVES
|
Name : |
Mr. Lalit Sharma |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
|
Names of Shareholders |
No. of Shares |
|
Dushyant |
54000 |
|
Dinesh Kumar |
112500 |
|
Kameshwar |
64500 |
|
Prahlad Singh |
64000 |
|
Rajkumar |
64500 |
|
Rakesh Tyagi |
95000 |
|
Dharmpal Singh |
72500 |
|
Naresh Kumar |
67500 |
|
Devki Nandan |
52500 |
|
Ashok Kumar |
52500 |
|
Vinod Kumar |
62500 |
|
Surendra Kumar |
32500 |
|
Anil Kumar |
32500 |
|
Rajiv Tyagi |
82500 |
|
Pankaj Tyagi |
82500 |
|
Ramesh Chand |
60000 |
|
Dinesh Tyagi |
62500 |
|
Pankaj Kumar |
82500 |
|
Pradeep Kumar |
82500 |
|
Lalit Kumar |
82500 |
|
Basant Lal |
82500 |
|
Roop Lal |
82500 |
|
Yogesh |
32500 |
|
Dinesh |
32500 |
|
Anil Kumar |
30000 |
|
Rajiv Tyagi |
30000 |
|
Sandeep Tyagi |
30000 |
|
Vipin Tyagi |
30000 |
|
Gaurav Tyagi |
44000 |
|
Devendra Tyagi |
1826400 |
|
Kalpana Tyagi |
174850 |
|
Meghna Tyagi |
15000 |
|
Vineet Kumar Tyagi |
20000 |
|
Shashi Bajaj |
5000 |
|
Himanshu Bajaj |
4000 |
|
Dharmendra |
3500 |
|
Total |
3804750 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Glass Items. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
|
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Cheque |
|
|
|
|
Purchasing : |
Cash and Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Singh Yudhveer and Associates Chartered Accountants |
|
Address : |
A-11, Dwarika Greens, Opposite Civil Hospital, Dehradun Road, Roorkee-
247667, Uttarakhand, India |
|
Mobile No.: |
91-9897077340 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ACZPS8907N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs. 40.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3804750 |
Equity Shares |
Rs.10/- each |
Rs. 38.047
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 |
38.047 |
37.048 |
37.047 |
|
(b) Reserves & Surplus |
81.988 |
75.741 |
67.031 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
2.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
120.035 |
114.789 |
104.078 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
37.338 |
49.030 |
40.410 |
|
(b) Deferred tax liabilities (Net) |
0.143 |
0.324 |
0.315 |
|
(c) Other long term
liabilities |
47.572 |
47.509 |
45.507 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
85.053 |
96.863 |
86.232 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
69.579 |
60.766 |
53.222 |
|
(b) Trade
payables |
26.417 |
10.997 |
18.777 |
|
(c) Other
current liabilities |
9.503 |
8.084 |
6.249 |
|
(d) Short-term
provisions |
2.071 |
1.441 |
1.316 |
|
Total Current
Liabilities (4) |
107.570 |
81.288 |
79.564 |
|
|
|
|
|
|
TOTAL |
312.658 |
292.940 |
269.874 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
121.974 |
129.856 |
115.325 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.649 |
1.513 |
1.396 |
|
(e) Other
Non-current assets |
0.218 |
0.290 |
0.363 |
|
Total Non-Current
Assets |
123.841 |
131.659 |
117.084 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
12.237 |
8.241 |
10.945 |
|
(c) Trade receivables |
172.310 |
146.246 |
132.111 |
|
(d) Cash
and cash equivalents |
0.802 |
0.527 |
0.934 |
|
(e)
Short-term loans and advances |
3.468 |
6.267 |
8.800 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
188.817 |
161.281 |
152.790 |
|
|
|
|
|
|
TOTAL |
312.658 |
292.940 |
269.874 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
304.058 |
258.738 |
|
|
|
Other Income |
|
13.982 |
11.563 |
|
|
|
TOTAL |
335.155 |
318.040 |
270.301 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
210.916 |
180.720 |
|
|
|
Other Manufacturing Expenses |
|
39.773 |
34.548 |
|
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
|
0.671 |
-0.850 |
|
|
|
Employees benefits expense |
|
4.983 |
3.957 |
|
|
|
Other expenses |
|
14.356 |
9.934 |
|
|
|
TOTAL |
305.711 (Including Financial Expenses) |
270.699 |
228.309 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
47.341 |
41.992 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
21.182 |
18.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
29.444 |
26.159 |
23.892 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
19.072 |
19.089 |
17.461 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
10.372 |
7.070 |
6.431 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
5.125 |
1.360 |
1.283 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
5.247 |
5.710 |
5.148 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.38 |
1.50 |
1.35 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover |
|
|
400.000 |
|
|
|
|
|
Expected Sales (2015-2016): Rs. 600.000 Million
The above information has been parted by Mr. Lalti Sharma (Finance
Department)
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) |
(%) |
1.57 |
1.88 |
1.99 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
8.79 |
15.57 |
16.23 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.32 |
2.41 |
2.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.06 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.89 |
0.96 |
0.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.76 |
1.98 |
1.92 |
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 |
37.047 |
37.048 |
38.047 |
|
Reserves & Surplus |
67.031 |
75.741 |
81.988 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
2.000 |
0.000 |
|
Net
worth |
104.078 |
114.789 |
120.035 |
|
|
|
|
|
|
long-term borrowings |
40.410 |
49.030 |
37.338 |
|
Short term borrowings |
53.222 |
60.766 |
69.579 |
|
Total
borrowings |
93.632 |
109.796 |
106.917 |
|
Debt/Equity
ratio |
0.900 |
0.957 |
0.891 |
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) |
|
Total Income |
270.301 |
318.040 |
355.155 |
|
|
|
17.661 |
11.670 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
270.301 |
318.040 |
355.155 |
|
Profit |
5.148 |
5.71 |
5.247 |
|
|
1.90% |
1.80% |
1.48% |
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 |
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATION AND FUTURE
OUTLOOK:
The company has earned profit of Rs. 5.247 Million during the year. The
director expect better result in the next year.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term Borrowings |
|
|
|
Term Loan |
0.435 |
3.435 |
|
Total |
0.435 |
3.435 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10559437 |
28/01/2015 |
36,000,000.00 |
PUNJAB NATIONAL BANK |
RAMNAGAR, ROORKEE, Uttarakhand - 247667, INDIA |
C49229966 |
|
2 |
10466391 |
24/10/2013 |
10,000,000.00 |
PUNJAB NATIONAL BANK |
RAM
NAGAR BRANCH, ROORKEE, ROORKEE, Uttarakhand - |
B92045244 |
|
3 |
10443656 |
27/06/2013 |
10,000,000.00 |
PUNJAB NATIONAL BANK |
RAM
NAGAR BRANCH, ROORKEE, ROORKEE, Uttarakhand - |
B82405226 |
|
4 |
10393744 |
31/10/2012 |
27,000,000.00 |
Punjab National bank |
Ram
Nagar Branch, Roorkee, Roorkee, Uttarakhand - |
B64791999 |
|
5 |
10376204 |
16/08/2012 |
3,510,000.00 |
PUNJAB NATIONAL BANK |
RAM
NAGAR BRANCH, ROORKEE, ROORKEE, Uttarakhand - |
B57988602 |
|
6 |
10364801 |
04/06/2012 |
10,000,000.00 |
PUNJAB NATIONAL BANK |
RAM
NAGAR BRANCH, ROORKEE, Uttarakhand - 247667, I |
B43331891 |
|
7 |
10364997 |
18/05/2012 |
11,000,000.00 |
PUNJAB NATIONAL BANK |
RAM
NAGAR BRANCH, ROORKEE, Uttarakhand - 247667, I |
B43411347 |
|
8 |
10264654 |
24/07/2010 |
30,000,000.00 |
PUNJAB NATIONAL BANK |
RAM
NAGAR BRANCH, ROORKEE, Uttarakhand - 247667, I |
A97104830 |
|
9 |
10220614 |
05/04/2010 |
3,750,000.00 |
PUNJAB NATIONAL BANK |
RAM
NAGAR, ROORKEE, ROORKEE, Uttarakhand - 247667 |
A86464666 |
|
10 |
10130683 |
10/10/2008 |
3,000,000.00 |
PUNJAB NATIONAL BANK |
RAM
NGAR, ROORKEE, ROORKEE, Uttarakhand - 247667, |
A51015402 |
FIXED ASSETS
DELHI UNIT
- Plotter
- Fax Machine
- Plant and
Machinery
- Generator
- Mobile Phone
- Computer
- Motor Car
- Tempo
ROORKEE UNIT:
- Land
- Plot
- Building
- Furniture and
Fixture
- Plant and
Machinery
- Electrical
Fittings
- Computers and
Peripherals
- Vehicle
- Office
Equipment
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.64.11 |
|
|
1 |
Rs.100.31 |
|
Euro |
1 |
Rs.72.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
MAN |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
PJA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
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 |
NO |
|
--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.