MIRA INFORM REPORT
|
Report No. : |
327788 |
|
Report Date : |
18.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
WOODFIELD SYSTEMS INTERNATIONAL PRIVATE LIMITED (w. e. f 14.11.2014) |
|
|
|
|
Formerly Known
As : |
WOODFIELD SYSTEMS
INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
302 – A, 3rd Floor, Nitco Biz Park, Plot No. C – 19, Road
No. 16U, Wagle Industrial Estate, Thane
- 400604, Maharashtra |
|
Tel. No.: |
91-22-67040000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
13.04.2000 |
|
|
|
|
Com. Reg. No.: |
11-125849 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 5.347 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45208MH2000PTC125849 |
|
|
|
|
IEC No.: |
0302073931 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMW02051A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACW3635Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer of Loading / Unloading arms and swivel joints, bulk,
fluid handling and safety access solutions. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
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 |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established private limited company incorporated in the
year 2000 having moderate track record. The rating gets constrained on account of moderate financial risk
profile marked by leveraged balance sheet and decreasing Net Profit margin.
External borrowing increased significantly in FY14. There seems significant decrease in sales turnover during FY14. However, trade relations are fair. Business is active. Payments terms
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 |
ICRA |
|
Rating |
Long Term rating B+ |
|
Rating Explanation |
Risk prone credit quality and carries very high credit risk. |
|
Date |
March 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. Vasant Shah |
|
Designation : |
Senior Manager |
|
Contact No.: |
91-9322019805 |
|
Date : |
17.06.2015 |
LOCATIONS
|
Registered/Head Office : |
302 – A, 3rd Floor, Nitco Biz Park, Plot No. C – 19, Road No.
16U, Wagle Industrial Estate, Thane -
400604, Maharashtra, India |
|
Tel. No.: |
91-22-67040000 |
|
Mobile No.: |
91-9322019805 (Mr. Vasant Shah) |
|
Fax No.: |
91-22-67040099 |
|
E-Mail : |
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|
Website : |
|
|
|
|
|
Factory : |
Plot No. 10,11, Shiv Shakti Laghu Udyog Sankul, |
DIRECTORS
AS ON: 31.03.2014
|
Name : |
Mr. Nittul Chetan Modi |
|
Designation : |
Director |
|
Address : |
B-1, Konark Indraprastha, 1st Floor, Jain Temple Road,
Sarvodya Nagar, Mulund (West), Mumbai – 400080, Maharashtra, India |
|
Date of Birth/Age : |
24.01.1979 |
|
Date of Appointment : |
13.04.2000 |
|
DIN No. : |
00249296 |
|
|
|
|
Name : |
Ms. Rekha Chetan Modi |
|
Designation : |
Director |
|
Address : |
B-1, Konark Indraprastha, 1st Floor, Jain Temple Road,
Sarvodya Nagar, Mulund (West), Mumbai – 400080, Maharashtra, India |
|
Date of Birth/Age : |
18.10.1952 |
|
Date of Appointment : |
13.04.2000 |
|
DIN No. : |
00249419 |
|
|
|
|
Name : |
Mr. Kartik Girish Gala |
|
Designation : |
Whole-time Director |
|
Address : |
2nd Floor, Prashant Building, Valji Ladha Road, Mulund (West), Mumbai- 400080, Maharashtra, India |
|
Date of Appointment : |
18/03/2015 |
|
DIN No. : |
03598154 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2014
|
Names of Shareholders |
|
No. of Shares |
|
Nittul Chetan Modi |
|
63750 |
|
Rekha Chetan Modi |
|
63750 |
|
Kartik Girish Gala Jointly with Girish Shamji Gala |
|
63750 |
|
Girish Shamji Gala Jointly with Kalpana Girish Gala |
|
1250 |
|
Kalpana Girish Gala Jointly with Girish Shamji Gala |
|
24250 |
|
Hemant Nanji Chheda |
|
12000 |
|
Nirav A Chheda |
|
10000 |
|
Priyanka Hemant Chheda |
|
5000 |
|
Ramila N Chheda |
|
10000 |
|
Hemant Nanji Chheda (HUF) |
|
1250 |
|
Woodfield Systems Limited – |
|
45000 |
|
Total |
|
300000 |
|
Names of Preferences Shareholders |
No. of
Preference Shares |
|
Nittul Chetan Modi |
49880 |
|
Rekha Chetan Modi |
49880 |
|
Kalpana Girish Gala Jointly with Girish Shamji Gala |
19950 |
|
Kartik Girish Gala Jointly with Girish Shamji Gala |
49880 |
|
Hemant Nanji Chheda |
8680 |
|
Nirav A Chheda |
10000 |
|
Priyanka Hemant Chheda |
2500 |
|
Ramila N Chheda |
7500 |
|
Hemant Nanji Chheda (HUF) |
1250 |
|
Woodfield Systems Limited – |
35210 |
|
Total |
234730 |
Equity Share Break up (Percentage of Total Equity)
AS ON: 31.03.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
42.50 |
|
Other top fifty shareholders |
42.50 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Loading / Unloading arms and swivel joints, bulk,
fluid handling and safety access solutions. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
|
Countries : |
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|
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Imports : |
Not Divulged |
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|
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Terms : |
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Selling : |
Cash and Credit (30/60/90 Days) |
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|
|
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Purchasing : |
Cash and Credit (30/60/90 Days) |
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 : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Gajaria Shah and Associates Chartered Accountant |
|
Address : |
305 / B, 306, Neptune Uptown, Netaji Subhash Road, Mulund (west),
Mumbai – 400080, Maharashtra, India |
|
Tel. No.: |
91-22-25643844 / 25605536 |
|
E-Mail : |
|
|
PAN No.: |
AAACW3635Q |
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|
|
|
Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on: 30.09.2014
Authorized Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Million |
|
300000 |
Preference Shares |
Rs.10/- each |
Rs. 3.000 Million |
|
|
Total |
|
Rs. 18.000
Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs. 3.000
Million |
|
234730 |
Preference Shares |
Rs.10/- each |
Rs. 2.347
Million |
|
|
Total |
|
Rs. 5.347 Million |
As on: 31.03.2014
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
350000 |
Equity Shares |
Rs.10/- each |
Rs. 3.500 Million |
|
300000 |
10% Non-Cumulative Redeemable Preference Shares |
Rs.10/- each |
Rs. 3.000 Million |
|
|
Total |
|
Rs. 6.500
Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs. 3.000
Million |
|
234730 |
10% Non-Cumulative Redeemable
Preference Shares |
Rs.10/- each |
Rs. 2.347
Million |
|
|
Total |
|
Rs. 5.347 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 |
5.347 |
5.347 |
5.347 |
|
(b) Reserves & Surplus |
15.489 |
14.475 |
10.446 |
|
(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) |
20.836 |
19.822 |
15.793 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
95.523 |
63.741 |
24.683 |
|
(b) Deferred tax liabilities (Net) |
1.981 |
2.099 |
1.720 |
|
(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) |
97.504 |
65.840 |
26.403 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
41.425 |
55.545 |
43.668 |
|
(b) Trade
payables |
8.213 |
19.903 |
17.266 |
|
(c) Other
current liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term
provisions |
3.385 |
1.801 |
3.243 |
|
Total Current
Liabilities (4) |
53.023 |
77.249 |
64.177 |
|
|
|
|
|
|
TOTAL |
171.363 |
162.911 |
106.373 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
69.308 |
80.666 |
28.239 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
5.345 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
3.362 |
9.689 |
9.669 |
|
Total Non-Current
Assets |
78.015 |
90.355 |
37.908 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
33.202 |
22.845 |
22.366 |
|
(c) Trade receivables |
39.950 |
35.021 |
41.227 |
|
(d) Cash
and cash equivalents |
9.812 |
5.331 |
2.143 |
|
(e)
Short-term loans and advances |
1.716 |
1.444 |
0.947 |
|
(f) Other
current assets |
8.668 |
7.915 |
1.782 |
|
Total
Current Assets |
93.348 |
72.556 |
68.465 |
|
|
|
|
|
|
TOTAL |
171.363 |
162.911 |
106.373 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
98.079 |
124.462 |
NA |
|
|
|
Other Income |
0.567 |
2.159 |
NA |
|
|
|
TOTAL |
98.646 |
126.621 |
NA |
|
|
|
|
|
|
|
|
Less: |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
88.739 |
116.492 |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
9.907 |
10.129 |
12.018 |
|
|
|
|
|
|
|
|
|
Less: |
DEPRECIATION/
AMORTISATION |
8.427 |
4.495 |
2.648 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1.480 |
5.634 |
9.370 |
|
|
|
|
|
|
|
|
|
Less: |
TAX |
0.466 |
1.606 |
3.590 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1.014 |
4.028 |
5.780 |
|
|
|
|
|
|
|
|
|
Add: |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.000 |
0.000 |
4.668 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1.014 |
4.028 |
10.448 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.90 |
7.53 |
10.81 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
100.000 |
The above information has been parted by Mr. Vasant Shah (Senior
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 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.03 |
3.24 |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
10.10 |
8.14 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.89 |
3.46 |
8.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
0.28 |
0.59 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
6.57 |
6.02 |
4.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.76 |
0.94 |
1.07 |
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 |
5.347 |
5.347 |
5.347 |
|
Reserves & Surplus |
10.446 |
14.475 |
15.489 |
|
Net
worth |
15.793 |
19.822 |
20.836 |
|
|
|
|
|
|
long-term borrowings |
24.683 |
63.741 |
95.523 |
|
Short term borrowings |
43.668 |
55.545 |
41.425 |
|
Total
borrowings |
68.351 |
119.286 |
136.948 |
|
Debt/Equity
ratio |
4.328 |
6.018 |
6.573 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
124.462 |
98.079 |
|
|
(21.198) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
124.462 |
98.079 |
|
Profit |
4.028 |
1.014 |
|
|
3.24% |
1.03% |
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 two 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 |
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 |
|
|
|
Loans and advances from related parties |
9.544 |
3.000 |
|
Chetan N. Modi(HUF) Loan A/c |
1.329 |
1.207 |
|
Girish S. Gala (loan) |
2.006 |
0.471 |
|
Hemant N. Chheda (loan) |
3.215 |
0.000 |
|
Kalpana G. Gala (loan) |
20.884 |
7.855 |
|
Kartik G. Gala (loan) |
16.846 |
7.348 |
|
Nirav A. Chheda (loan) |
0.082 |
0.075 |
|
Nittul C. Modi (loan) |
7.347 |
7.873 |
|
Nittul C. Modi HUF (loan) |
0.858 |
0.000 |
|
Priyanka h. Chheda (loan) |
0.028 |
0.025 |
|
Rekha C. Modi Loan (loan) |
3.009 |
2.333 |
|
Total |
65.148 |
30.187 |
INDEX
OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10298214 |
15/09/2011 * |
48,000,000.00 |
CANARA BANK |
MULUND WEST BRANCH,
MUMBAI, Maharashtra - 400080, |
B22309702 |
|
2 |
10019122 |
11/09/2006 |
1,256,697.00 |
CANARA BANK |
MULUND - WEST, MUMBAI, Maharashtra - 400080, INDIA |
A04435129 |
|
3 |
90146481 |
22/02/2014 * |
141,500,000.00 |
CANARA BANK |
MULUND WEST BRANCH,
MUMBAI, Maharashtra - 400080, |
C00524264 |
FIXED ASSETS:
- Computer
- Electrical
Fittings
- Factory building
- Furniture and
fixtures
- Mobile
equipment
- Plant and
machinery
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 : |
PRT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
THR |
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 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.