MIRA INFORM REPORT

 

 

Report No. :

328677

Report Date :

25.06.2015

 

IDENTIFICATION DETAILS

 

Name :

HINDUSTAN PHOSPHATES PRIVATE LIMITED

 

 

Registered Office :

513-514-515 5th Floor, Milinda’s Manor, 2 R.N.T Marg, Indore-452001, Madhya Pradesh

Mobile No.:

91-731-2529751

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

17.05.1990

 

 

Com. Reg. No.:

10-005831

 

 

Capital Investment / Paid-up Capital :

Rs. 4.560 Million

 

 

CIN No.:

[Company Identification No.]

U24117MP1990PTC005831

 

 

IEC No.:

1193000831

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

BPLH00104G

 

 

PAN No.:

[Permanent Account No.]

AAACH7118P

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturing of Phosphates.

 

 

No. of Employees :

Not Divulged

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (45)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 78000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company incorporated during the year 1990. It is engaged in the business of manufacturing of dibasic calcium phosphate (DCP), tribasic calcium phosphate (TCP) and various other phosphates. It has a satisfactory track record.

 

For the financial year ended 2014, the company possesses healthy operational performance with top line growth of 10% along with improved profitability margin.

 

As per the available balance sheet, it has good financial risk profile backed by decent net worth along with suitable gap between trade payables and trade receivables.

 

Trade relations are reported as fair. Business is active. Payments are usually correct.

 

In view of long track record of business with good financial base, the company can be considered normal 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

 

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 DECLINED BY

 

Name :

Ms. Ajita

Designation :

Export-Import Department

Contact No.:

91-731-2529751

Date :

23.06.2015

 

 

LOCATIONS

 

Registered Office :

513-514-515 5th Floor, Milinda’s Manor, 2 R.N.T Marg, Indore-452001, Madhya Pradesh, India

Tel. No.:

91-731-2529751/ 51/ 53/ 4010700

Mobile No.:

91-99937-22222

Fax No.:

91-731-2527569

E-Mail :

aryask949@rediffmail.com

info@hindustangroup.com

Website :

http://www.hindustanphosphates.com

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Mr. Vijay Kumar Badjatiya

Designation :

Director

Address :

"Shrikamal" 23/1 dr. R. S. Bhandari Marg, New Palasia, Indore-452003, Madhya Pradesh, India

Date of Birth/Age :

13.02.1950

Qualification :

M.Com, LL.B.

Date of Appointment :

17.05.1990

DIN No.:

00040797

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

U15331MP1985PTC002771

PROTEIN FEEDS AND FOODS PRIVATE LIMITED

Director

28-02-1985

28-02-1985

05-03-2008

Active

NO

2

U24117MP1990PTC005831

HINDUSTAN PHOSPHATES PRIVATE LIMITED

Director

17-05-1990

17-05-1990

-

Active

NO

3

U00112MP1987PTC003868

HINDUSTAN EQUIPMENTS PRIVATE LIMITED

Managing director

16-05-1994

16-05-1994

08-12-2008

Active

NO

4

U70100MP2008PTC020832

HINDUSTAN INFRATECH PRIVATE LIMITED

Director

03-07-2008

03-07-2008

-

Active

NO

 

 

Name :

Mr. Ashok Kumar Badjatiya

Designation :

Managing Director

Address :

23/1, R. S. Bhandari Marg,, Indore-452001, Madhya Pradesh, India

Date of Birth/Age :

10.04.1948

Qualification :

B. E., M.S. (USA), D.B.M. Technocrat-cum-Industrialist Graduate from the US, (M.S. in Engg.) A management Post-Graduate

Date of Appointment :

17.05.1990

DIN No.:

01528403

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

Company/ LLP Status

Defaulting status

1

U24117MP1990PTC005831

HINDUSTAN PHOSPHATES PRIVATE LIMITED

Managing director

17-05-1990

17-05-1990

Active

NO

2

U72200MP2008PTC020409

SEROSOFT SOLUTIONS PRIVATE LIMITED

Director

04-03-2008

04-03-2008

Active

NO

3

U70100MP2008PTC020821

SHRIKAMAL INFRASTRUCTURES PRIVATE LIMITED

Director

26-06-2008

26-06-2008

Active

NO

4

U70100MP2008PTC020832

HINDUSTAN INFRATECH PRIVATE LIMITED

Director

27-06-2008

27-06-2008

Active

NO

 

 

Name :

Mrs. Arpit Badjatya

Designation :

Director

Address :

23/1, R. S. Bhandari Marg, Indore- 452003, Madhya Pradesh, India

Date of Birth/Age :

04.12.1981

Qualification :

M.A., D.B.M. A Qualified Manager Post-Graduate (Gold Medalist)

Date of Appointment :

14.12.2007

DIN No.:

01951111

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

Company/ LLP Status

Defaulting status

1

U24117MP1990PTC005831

HINDUSTAN PHOSPHATES PRIVATE LIMITED

Director

14-12-2007

14-12-2007

Active

NO

2

U72200MP2008PTC020409

SEROSOFT SOLUTIONS PRIVATE LIMITED

Managing director

04-03-2008

04-03-2008

Active

NO

3

U72200MP2012PTC028297

CAMPUS MALL PRIVATE LIMITED

Director

27-04-2012

27-04-2012

Active

NO

4

U70100MP2008PTC020832

HINDUSTAN INFRATECH PRIVATE LIMITED

Director

18-04-2013

18-04-2013

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Ms. Ajita

Designation :

Export-Import Department

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2014

 

Names of Shareholders

No. of Shares

 

Ashok Kumar Badjatiya

12610

Vijay Kumar Badjatiya

5000

Juhi Badjatiya

1800

Arpit Badjatiya

5390

Indra Devi Badjatiya

3760

Vini Badjatiya

3960

Siddharth Badjatiya

4970

Anubhuti Badjatiya

1900

Dilip Kumar Badjatiya

500

Asha Badjatiya

3560

Paridhi Badjatiya

1000

Alpi Badjatiya

500

Manju Badjatiya

500

Ashok Kumar Shripal HUF

50

Vaishali Badjatiya 

50

Meenal Badjatiya

50

Total

45600

 

 

AS ON 30.09.2014

 

Equity Share Breakup

Percentage of Holding

Category

 

Directors or relatives of directors

99.89

Others

0.11

Total

100.00

 

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturing of Phosphates.

 

 

Products :

·         Calcium Phosphates

·         Potassium Phosphates

·         Magnesium Phosphates

·         Ammonium Phosphates

·         Sodium Phosphates

·         Mono Calcium Phosphates

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

--

 

 

Imports :

--

 

 

Terms :

---

 

 

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 :

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

 

·         Dabur

·         Cipla

·         Anchor

·         Alembic

·         Ipca Laboratories Limited

·         Unilever

·         Colgate-Palmolive

·         Strides Abcolab Limited

 

 

No. of Employees :

Not Divulged

 

 

Bankers :

Bank Name:

State Bank of India

Branch:

University Campus Branch, Indore-452001, Madhya Pradesh, 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):

Not Divulged

Account Operation:

Not Divulged

Remarks:

Not Divulged

 

·         State Bank of India

Suklia Branch, Indore, Madhya Pradesh, India

 

·         ICICI Bank Limited

Landmarkrace Cource Circle, Alkapuri, Baroda-390015, Gujarat, India

 

 

Facilities :

SECURED LOANS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

Term Loans from Banks

 

 

ICICI Bank Car Loan i-20

0.219

0.000

ICICI Bank Car Loan (Innova)

0.000

0.061

 

 

 

SHORT TERM BORROWINGS

 

 

Loans repayable on demand

 

 

ICICI bank (OD A/c)

9.112

8.814

Total

9.331

8.875

 

NOTE

LONG-TERM BORROWINGS

 

Nature of Security

Terms of Repayment

Term Loan from ICICI Bank on Vehicle amounting of Rs. 0.600 Million were taken from Ratlam Kothi AB Road, Indore is secured against respective vehicle.

Monthly Installment of Rs. 0.019 Million each commencing from 1st May, 2013 and rate of Interest 10.07% (Fixed Interest Rate)

Term Loan from ICICI Bank on vehicle amounting of Rs. 1.050 Million were taken from ratlam Kothi, AB road, Indore is secured against respective vehicles.

Monthly installment of Rs. 0.034 each commencing from 1st July, 2011 and rate of Interest 11.13%

 

 

SHORT TERM BORROWINGS

 

Working capital limit are secured by hypothecation of present and future stock of raw material, Stock in process, finished goods, Store and spares (not relating to plant and machinery), book debts.

 

Further Personal guarantee all the directors of the company Namely Vijay badjatiya, Ashok Badjatiya and  Arpit Badjatya.

 

Banking Relations :

--

 

 

Financial Institution:

·         M.P. Financial Corporation

Finance House, A. B. Road, Indore, Madhya Pradesh, India

 

 

Auditors :

 

Name :

ABN and Company

Chartered Accountants

Address :

223, Milinda Manor, 2, RNT Marg, Opposite Central Mall, Indore-452001, Madhya Pradesh, India

Tel. No.:

91-731-4225229/ 4044770

E-Mail :

bmbhandari@rediffmail.com

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

AACFA7738H

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Companies/ Entities under the control of Key Management Personnel :

·         Jai kisan Agro Industries

·         Jai kisan Agro Products

·         Sampurna Feeds

·         Hindustan infratech Private Limited

·         Serosoft Solutions Private Limited

·         Shripal Badjatiya Charitable Trust

·         Campus Mall Private Limited

·         Shrikamal Infrastructure Private Limited

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

100000

Equity Shares

Rs. 100/- each

Rs. 10.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

45600

Equity Shares

Rs. 100/- each

Rs. 4.560 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

4.560

4.560

4.560

(b) Reserves & Surplus

22.649

19.786

17.760

(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)

27.209

24.346

22.320

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

0.219

0.061

0.505

(b) Deferred tax liabilities (Net)

1.653

1.681

1.705

(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)

1.872

1.742

2.210

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

31.216

26.882

22.746

(b) Trade payables

8.907

8.711

11.005

(c) Other current liabilities

1.274

5.096

7.699

(d) Short-term provisions

0.211

0.126

0.287

Total Current Liabilities (4)

41.608

40.815

41.737

 

 

 

 

TOTAL

70.689

66.903

66.267

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

21.348

21.464

18.472

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

2.455

0.000

3.671

(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

0.012

0.312

0.672

(e) Other Non-current assets

1.282

1.881

0.758

Total Non-Current Assets

25.097

23.657

23.573

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

14.471

14.290

12.867

(c) Trade receivables

23.733

21.756

19.785

(d) Cash and cash equivalents

1.131

2.517

5.996

(e) Short-term loans and advances

6.257

4.683

4.046

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

45.592

43.246

42.694

 

 

 

 

TOTAL

70.689

66.903

66.267

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Income

108.331

98.617

91.681

 

 

Other Income

1.592

0.775

0.645

 

 

TOTAL                                     (A)

109.923

99.392

92.326

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Materials Consumed

 

54.249

60.787

 

 

Purchases of Stock-in-Trade

 

1.891

0.955

 

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

 

2.169

(6.182)

 

 

Employees benefits expense

 

8.881

7.692

 

 

Other expenses

 

23.173

21.394

 

 

TOTAL                                     (B)

105.712

(Including               Depreciation and financial Expenses)

90.363

84.646

 

 

 

 

 

 

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)     (C)

 

9.029

7.680

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

 

3.736

3.075

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                                       (E)

 

5.293

4.605

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

 

2.354

2.259

 

 

 

 

 

 

PROFIT/ LOSS BEFORE TAX (E-F)                   (G)

4.211

2.939

2.346

 

 

 

 

 

Less

TAX                                                                  (H)

1.349

0.913

0.777

 

 

 

 

 

 

PROFIT/ LOSS AFTER TAX (G-H)                     (I)

2.862

2.026

1.569

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

0.000

15.374

13.805

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

20.262

17.400

15.374

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

7.522

15.875

14.464

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Materials

39.753

39.451

22.097

 

TOTAL IMPORTS

39.753

39.451

22.097

 

 

 

 

 

 

Earnings Per Share (Rs.)

88.62

44.43

34.41

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

0.259

0.444

0.586

 

 

 

 

Cash generated from operations

NA

NA

NA

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

2.64

2.05

1.71

 

 

 

 

 

Operating Profit Margin

(PBDIT/Sales)

(%)

NA

9.16

8.38

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

6.17

4.39

3.75

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.15

0.12

0.11

 

 

 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 

1.16

1.12

1.07

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.10

1.06

1.02

 

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

4.560

4.560

4.560

Reserves & Surplus

17.760

19.786

22.649

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

22.320

24.346

27.209

 

 

 

 

Long-term borrowings

0.505

0.061

0.219

Short term borrowings

22.746

26.882

31.216

CURRENT MATURITIES OF LONG-TERM DEBTS

0.586

0.444

0.259

Total borrowings

23.837

27.387

31.694

Debt/Equity ratio

1.068

1.125

1.165

 

 

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

91.681

98.617

108.331

 

 

7.565

9.850

 

 

 

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

91.681

98.617

108.331

Profit

1.569

2.026

2.862

 

1.71%

2.05%

2.64%

 

 

 

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)

No

16

No. of employees

No

17

Details of sister concerns

Yes

18

Major suppliers

No

19

Major customers

Yes

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

Yes

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

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

No

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

10312125

26/08/2011

22,500,000.00

ICICI BANK LIMITED

LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA- 390015, GUJARAT, INDIA

B23244759

 

 

UNSECURED LOANS

 

PARTICULARS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

SHORT-TERM BORROWINGS

 

 

From Director and Relatives

22.104

18.068

Total

22.104

18.068

 

 

GENERAL INFORMATION:

 

The Company is a Private Limited company registered under Companies Act 1956. Engaged in the Manufacturing of Phosphates.

 

FIXED ASSETS:

 

Tangible Assets

 

·         Lease Hold Land

·         Computer

·         Air Conditioner

·         Furniture and Fixtures

·         Plant and Machinery

·         Site Development

·         Tubewell

·         Pollution Control Equipment

·         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. 63.66

UK Pound

1

 Rs. 100.50

Euro

1

Rs. 71.31

 

 

INFORMATION DETAILS

 

Information Gathered by :

SUP

 

 

Analysis Done by :

TRI

 

 

Report Prepared by :

IND

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILIRY

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

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

45

 

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.