MIRA INFORM REPORT
|
Report No. : |
328810.2 |
|
Report Date : |
22.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
EMSONS EXIM PRIVATE LIMITED (w.e.f. 28.11.2013) |
|
|
|
|
Formerly Known As
: |
EMSONS IMPEX PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
001, Turf Estate Shakti Mill Lane, Off. Dr. E Moses Road, Mahalaxmi (West), Mumbai-400011, Maharashtra |
|
Tel. No.: |
91-22-2499001 |
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|
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|
Country : |
India |
|
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Financials (as on)
: |
31.03.2014 |
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Date of
Incorporation : |
04.03.2003 |
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|
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Com. Reg. No.: |
11-139453 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH2003PTC139453 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUME05625E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCE1643B |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Product Designer, Packaging Designer, Market Research Sourcing,
Quality Control, Logistics and Distribution of Food and Healthcare Product. |
|
|
|
|
No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (14) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
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|
|
|
Litigation : |
Clear |
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Comments : |
Even though the company was incorporated on 4th March,
2003. It has commenced its business operations from March 2013. It is having
moderate track record. Mr. Ashutosh Bhondele, (Manager) has provided information to us and claimed that company name was “EMSONS IMPEX PRIVATE LIMITED” and Directors are Mr. Shekhar Shan and Mrs. Niyogi Shah. Further he also claimed that previous management has sold out business operations to Rosso Group and name of the company has been changed to “EMSONS EXIM PRIVATE LIMITED”. Eliran Moshe Russo and Moshe Lsaac Rousso is a new Director of the subject company. For the financial year ended 2014, company has achieved decent sales turnover
in its first year of business operations and reported lower profitability
margins. Moreover, it is also to be noted that due to huge accumulated losses
incurred over past it has eroded net worth of the company and balance sheet
profile of company reported to be weak. Business is active. Payments are reported to be slow. In view of limited history of business operations along with negative
net worth profile, the company can be considered for business dealings on
safe and secured 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
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Ashutosh Bhondele |
|
Designation : |
Manager |
|
Contact No.: |
91-7208309401 |
LOCATIONS
|
Registered Office : |
001, Turf Estate Shakti Mill Lane, Off. Dr. E Moses Road, Mahalaxmi (West), Mumbai-400011, Maharashtra, India |
|
Tel. No.: |
91-22-2499001/2/3/4 |
|
Mobile No.: |
91-7208309401 (Mr. Ashutosh Bhondele) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Leased |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Eliran Moshe Russo |
|
Designation : |
Director |
|
Address : |
62, D-3, Aharon Ben Yose, Kiryat Ata, Israel 28097 |
|
Date of Birth/Age : |
29.03.1985 |
|
Date of Appointment : |
27.10.2012 |
|
DIN No.: |
03622643 |
|
|
|
|
Name : |
Mr. Moshe Lsaac Rousso |
|
Designation : |
Director |
|
Address : |
73, Eshet Avigdor, Kiryat Ata, Israel 28097 |
|
Date of Birth/Age : |
11.06.1944 |
|
Date of Appointment : |
07.09.2012 |
|
DIN No.: |
03627324 |
KEY EXECUTIVES
|
Name : |
Mr. Ashutosh Bhondele |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Eliran Russo |
5000 |
50.00 |
|
Moshe Lsaac Russo |
5000 |
50.00 |
|
Total |
10000 |
100.00 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Product Designer, Packaging Designer, Market Research Sourcing,
Quality Control, Logistics and Distribution of Food and Healthcare Product. |
|
|
|
|
Products : |
Food and Healthcare Product |
|
|
|
|
Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
|
|
Products : |
Finished good |
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Countries : |
· Israel · USA · European Countries |
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Imports : |
Not Divulged |
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|
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Terms : |
|
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Selling : |
Cash / Credit (30 Days) |
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|
|
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Purchasing : |
Cash / Credit (30 Days) |
PRODUCTION STATUS:
NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
15 (Approximately) |
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Bankers : |
· Union Bank of India, Churchgate Branch, Mumbai, Maharashtra, India · HDFC Bank Limited, Churchgate Branch, Mumbai, Maharashtra, India |
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Banking
Relations : |
-- |
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|
|
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Auditors : |
|
|
Name : |
V.C. Shah and Company Chartered Accountants |
|
Address : |
3rd Floor, Rajgir Chambers, 12-14, Shahid Bhagat, Singh
Road, Opposite Old Custom House, Mumbai – 400001, Maharashtra, India |
|
Tel. No.: |
91-22-43440123 |
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Fax No.: |
91-22-22662667 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AADFV8088N |
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|
|
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Memberships : |
-- |
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|
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Collaborators : |
-- |
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|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100
Million |
|
10,000 |
Preference Shares |
Rs.10/- each |
Rs. 0.100
Million |
|
|
|
|
|
|
|
Total |
|
Rs. 0.200
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100
Million |
|
1 |
Preference Shares |
Rs. 10/- each |
Rs. 0.000
Million |
|
|
|
|
|
|
|
Total |
|
Rs. 0.100 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 |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
(0.722) |
(0.856) |
0.041 |
|
(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) |
(0.622) |
(0.756) |
0.141 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.016 |
0.014 |
0.009 |
|
(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) |
0.016 |
0.014 |
0.009 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short-term borrowings |
1.857 |
1.212 |
1.555 |
|
(b)
Trade payables |
1.677 |
0.020 |
0.082 |
|
(c)
Other current liabilities |
1.904 |
0.025 |
0.241 |
|
(d)
Short-term provisions |
0.032 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
5.470 |
1.257 |
1.878 |
|
|
|
|
|
|
TOTAL |
4.864 |
0.515 |
2.028 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
0.155 |
0.077 |
0.000 |
|
(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 |
0.769 |
0.025 |
0.030 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
0.924 |
0.102 |
0.030 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
2.944 |
0.090 |
1.908 |
|
(d)
Cash and cash equivalents |
0.778 |
0.128 |
0.015 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.075 |
|
(f)
Other current assets |
0.218 |
0.195 |
0.000 |
|
Total
Current Assets |
3.940 |
0.413 |
1.998 |
|
|
|
|
|
|
TOTAL |
4.864 |
0.515 |
2.028 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
14.767 |
0.090 |
0.000 |
|
|
|
Other Income |
0.030 |
0.066 |
0.000 |
|
|
|
TOTAL (A) |
14.797 |
0.156 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Purchased |
11.346 |
0.000 |
0.000 |
|
|
|
Employee Benefit Expenses |
0.758 |
0.320 |
0.000 |
|
|
|
Other Expenses |
2.497 |
0.715 |
0.704 |
|
|
|
TOTAL (B) |
14.601 |
1.035 |
0.704 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
0.196 |
(0.879) |
(0.704) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.196 |
(0.879) |
(0.704) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.027 |
0.004 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
0.169 |
(0.883) |
(0.704) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.034 |
0.014 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
0.135 |
(0.897) |
(0.704) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
14.767 |
0.090 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
13.46 |
(89.73) |
(70.41) |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
70.000 |
The above information has been parted by Mr. Ashitosh Bhendele (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) |
(%) |
0.91 |
(996.67) |
0.00 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
1.33 |
(976.67) |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.47 |
(171.46) |
(34.71) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.27) |
1.17 |
(4.99) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
(2.99) |
(1.60) |
11.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.72 |
0.33 |
1.06 |
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 |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
0.041 |
(0.856) |
(0.722) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
0.141 |
(0.756) |
(0.622) |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
1.555 |
1.212 |
1.857 |
|
Current maturities of
long-term debts |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
1.555 |
1.212 |
1.857 |
|
Debt/Equity
ratio |
11.028 |
(1.603) |
(2.986) |
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 |
0.000 |
0.090 |
14.767 |
|
|
|
|
16,307.778 |
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 |
0.000 |
0.090 |
14.767 |
|
Profit |
(0.704) |
(0.897) |
0.135 |
|
|
|
(996.67%) |
0.91% |
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 |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO CHARGES
EXIST FOR COMPANY
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans Repayable on
Demand - From Related Parties |
|
|
|
Loan from Director |
0.192 |
1.212 |
|
Loan from Others |
1.665 |
0.000 |
|
Total |
1.857 |
1.212 |
FIXED ASSETS
· Computer
· 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. 63.82 |
|
|
1 |
Rs. 101.25 |
|
Euro |
1 |
Rs. 72.36 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
14 |
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.