MIRA INFORM REPORT
|
Report No. : |
329040 |
|
Report Date : |
25.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
JAMES WALKER INMARCO INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
104, Gayatri Commercial Complex, Behind Mittal Industrial Estate,
Andheri-Kurla Road, Andheri (East), Mumbai – 400059, Maharashtra |
|
Tel. No.: |
91-22-40808155 / 40808000 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
28.02.2011 |
|
|
|
|
Com. Reg. No.: |
11-214165 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.50.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24233MH2011PTC214165 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMJ15783F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCJ5371Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and Trader of Fluid Sealing Products. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
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 |
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|
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Litigation : |
Clear |
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Comments : |
Subject is a private limited company incorporated in the year 2011
having satisfactory track record. As per registrar of companies the date of balance sheet (i.e.
financial field) is shown as 31.03.2014 but documents related to financial
for the year ending 2014 is not available from any sources. The rating reflects company’s sound financial risk profile marked by
fair liquidity positions and healthy profit margins of the company in FY 13. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade terms
and conditions. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
SE 1A |
|
Rating Explanation |
High financial strength and highest
performance capability. |
|
Date |
25.08.2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION DENIED BY
|
Name : |
Mr. Deepak Patel |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-40808000 |
|
Date : |
23.06.2015 |
LOCATIONS
|
Registered Office / Corporate Office : |
104, Gayatri commercial Complex, Behind Mittal Industrial Estate,
Andheri-Kurla Road, Andheri (East), Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-40808155 / 40808000 / 28506220 / 28501003 / 40808080
/ 28509991 |
|
Mobile No.: |
91-8879797011 (Mr. Santosh Singh) |
|
Fax No.: |
91-22-40808150 / 28596220 |
|
E-Mail : |
|
|
Website : |
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|
Area : |
Owned |
|
|
|
|
Mumbai Trading Division : |
257, Sanjay Building No 5-B, Mittal Industrial Estate,
Andheri Kurla Road, Andheri (East),
Mumbai – 400059, Maharashta, India |
|
Tel. No.: |
91-22-40808151 |
|
Fax No.: |
91-22-40808150 |
|
E-Mail : |
|
|
|
|
|
Dadra Manufacturing Division : |
Plot No 140, Waghdhara Road, Dadra Village, Dadra and
Nagar Haveli |
|
Tel. No.: |
91-260-2668300/ 2668331 |
|
Fax No.: |
91-260-2668293 |
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E-Mail : |
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|
Regional Office : |
Located at:
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DIRECTORS
AS ON 30.06.2014
|
Name : |
Mr. Rasiklal Mansukhlal Doshi |
|
Designation : |
Managing Director |
|
Address : |
Flat No.102, Nippon – 1, Behind Kings Hotel, Juhu Tara Road, Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
14.07.1929 |
|
Date of Appointment : |
03.04.2012 |
|
PAN NO.: |
AACPD6256B |
|
DIN No.: |
00239580 |
|
|
|
|
Name : |
Mr. Chetan Rasiklal Doshi |
|
Designation : |
Director |
|
Address : |
Flat No.102, Nippon – 1, Behind Kings Hotel, Juhu Tara Road, Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
03.11.1968 |
|
Date of Appointment : |
28.02.2011 |
|
PAN No.: |
AAHPD5448C |
|
DIN No.: |
00223199 |
|
|
|
|
Name : |
Mrs. Parul Chetan Doshi |
|
Designation : |
Director |
|
Address : |
Flat No.102, Nippon – 1, Behind Kings Hotel, Juhu Tara Road, Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
12.03.1972 |
|
Date of Appointment : |
13.08.2012 |
|
PAN No.: |
AAHPD5531C |
|
DIN No.: |
01676440 |
|
|
|
|
Name : |
Nicholas Ian White |
|
Designation : |
Nominee Director |
|
Address : |
The Barn, Rectory Farm, Lightwater, GU185SH, United Kingdom |
|
Date of Birth/Age : |
02.07.1970 |
|
Date of Appointment : |
03.04.2012 |
|
Date of Cessation : |
16.10.2014 |
|
DIN No.: |
05170115 |
|
|
|
|
Name : |
Nicholas Siong Sun Low Chuen Hueng |
|
Designation : |
Nominee Director |
|
Address : |
38, Woodcote Hurst, KT 18 7DT ,England EPSOM, United Kingdom |
|
Date of Birth/Age : |
14.09.1967 |
|
Date of Appointment : |
05.04.2013 |
|
DIN No.: |
06545748 |
|
|
|
|
Name : |
Keith Charles Leslie Tripp |
|
Designation : |
Nominee director |
|
Address : |
19, Mickleden Green, Whitwick, Coalville – LE675PP, United Kingdom |
|
Date of Birth/Age : |
26.10.1959 |
|
Date of Appointment : |
15.03.2014 |
|
DIN No.: |
06830159 |
|
|
|
|
Name : |
Diederik Neeb |
|
Designation : |
Nominee director |
|
Address : |
Korenbloemstraat 10, Hengelo OV, 7552, Netherlands |
|
Date of Appointment : |
16.10.2014 |
|
DIN No.: |
06963324 |
KEY EXECUTIVES
|
Name : |
Mr. Santosh Singh |
|
Designation : |
Company Secretary |
|
|
104, Gayatri Commercial Complex, Behind Mittal Ind, Estate, Andheri-Kurla Road, Andheri (East), Mumbai - 400059, Maharashtra, India |
|
Date of Birth/Age : |
12.05.1976 |
|
Date of Appointment : |
06.09.2012 |
|
PAN No.: |
ATOPS1714Q |
|
|
|
|
Name : |
Mr. Deepak Patel |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS
AS ON 30.06.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Rasiklal Mansukhlal Doshi |
555839 |
11.09 |
|
Chetan Rasiklal Doshi |
1289515 |
25.74 |
|
Parul Chetan Doshi |
609546 |
12.17 |
|
James Walker Holding BV, Netherland |
2555100 |
51.00 |
|
Total |
5010000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.06.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
51.00 |
|
Directors or relatives of Directors |
49.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Fluid Sealing Products. |
|
|
|
|
Products : |
Fluid Sealing Products |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
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|
Agencies Held : |
Not Divulged |
|
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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|
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|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
N. J. Zeveri and Company Chartered Accountants |
|
Address : |
Premise No.1, Chetan Kunj, Ground Floor, N P Thakkar Road, Vile Parle
(East), Mumbai – 400057, Maharashtra, India |
|
Tel No.: |
91-22-32477726 |
|
Fax No.: |
91-22-26187150 |
|
Email : |
|
|
PAN No.: |
AAAPZ0988J |
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|
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Holding Company [AS
ON 31.03.2013] : |
James Walker Holding BV, Netherland |
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|
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Associate [AS ON 31.03.2013]:
|
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|
|
|
|
Enterprises which are owned, or have significant influence of or are partners
with Key management personnel and their relatives [AS ON 31.03.2013]: |
|
CAPITAL STRUCTURE
AS ON 30.06.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,500,000 |
Equity Shares |
Rs.10/- each |
Rs.55.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,010,000 |
Equity Shares |
Rs.10/- each |
Rs.50.100 Million |
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5500000 |
Equity Shares |
Rs.10/- each |
Rs.55.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5010000 |
Equity Shares |
Rs.10/- each |
Rs.50.100 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
50.100 |
50.100 |
0.100 |
|
(b) Reserves & Surplus |
78.469 |
60.721 |
(0.483) |
|
(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) |
128.569 |
110.821 |
(0.383) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
32.828 |
20.594 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
1.239 |
2.773 |
0.000 |
|
(d) long-term
provisions |
6.296 |
4.553 |
0.000 |
|
Total Non-current
Liabilities (3) |
40.363 |
27.920 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
38.324 |
34.453 |
0.459 |
|
(b) Trade
payables |
21.722 |
42.442 |
0.024 |
|
(c) Other current
liabilities |
52.802 |
3.876 |
0.000 |
|
(d) Short-term
provisions |
29.306 |
22.063 |
0.000 |
|
Total Current
Liabilities (4) |
142.154 |
102.834 |
0.483 |
|
|
|
|
|
|
TOTAL |
311.086 |
241.575 |
0.100 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
90.410 |
79.127 |
0.000 |
|
(ii)
Intangible Assets |
0.809 |
0.495 |
0.000 |
|
(iii)
Capital work-in-progress |
0.644 |
0.140 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.012 |
0.012 |
0.000 |
|
(c) Deferred tax assets (net) |
0.932 |
0.075 |
0.000 |
|
(d) Long-term Loan and Advances |
2.736 |
2.576 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
95.543 |
82.425 |
0.000 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
109.855 |
65.025 |
0.000 |
|
(c) Trade receivables |
78.718 |
83.117 |
0.000 |
|
(d) Cash
and cash equivalents |
16.269 |
1.504 |
0.100 |
|
(e)
Short-term loans and advances |
10.701 |
9.504 |
0.000 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
215.543 |
159.150 |
0.100 |
|
|
|
|
|
|
TOTAL |
311.086 |
241.575 |
0.100 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
388.213 |
278.664 |
NA |
|
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
||
|
|
EXPENSES |
NA |
NA |
NA |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
57.513 |
(0.483) |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
NA |
9.901 |
0.000 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
NA |
47.612 |
(0.483) |
||
|
|
|
|
|
|
||
|
Less |
TAX |
NA |
19.006 |
0.000 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
47.417 |
28.606 |
(0.483) |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7.908 |
(0.483) |
0.000 |
||
|
|
|
|
|
|
||
|
Less |
APPROPRIATIONS |
|
|
|
||
|
|
|
Transfer to General Reserve |
NA |
16.533 |
0.000 |
|
|
|
|
Dividend |
|
2.682 |
0.000 |
|
|
|
|
Tax on Dividend |
|
1.000 |
0.000 |
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
7.908 |
(0.483) |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
FOB Value of Export of goods |
114.742 |
31.989 |
NA |
|
|
|
|
Agency Commission |
20.304 |
18.600 |
NA |
|
|
|
TOTAL EARNINGS |
135.046 |
50.589 |
NA |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
9.46 |
NA |
NA |
||
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PBT/Sales) |
(%) |
12.21 |
10.27 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
19.73 |
(483.00) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.43 |
1.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.55 |
0.50 |
-1.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.52 |
1.55 |
0.21 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs. In
Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
0.100 |
50.100 |
50.100 |
|
Reserves & Surplus |
(0.483) |
60.721 |
78.469 |
|
Net
worth |
(0.383) |
110.821 |
128.569 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
20.594 |
32.828 |
|
Short term borrowings |
0.459 |
34.453 |
38.324 |
|
Total
borrowings |
0.459 |
55.047 |
71.152 |
|
Debt/Equity
ratio |
(1.198) |
0.497 |
0.553 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
|
31.03.2012 |
31.03.2013 |
|
|
|
Rs.
In Million |
Rs.
In Million |
|
Sales |
|
278.664 |
388.213 |
|
|
|
|
39.312 |
NET PROFIT MARGIN
|
Net
Profit Margin |
|
31.03.2012 |
31.03.2013 |
|
|
|
Rs.
In Million |
Rs.
In Million |
|
Sales
|
|
278.664 |
388.213 |
|
Profit |
|
28.606 |
47.417 |
|
|
|
10.27% |
12.21% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
----- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
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 |
Yes |
|
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 |
UNSECURED LOANS:
|
PARTICULARS |
31.03.2013 Rs. In Million |
31.03.2012 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Loans and advances from others |
31.407 |
20.000 |
|
Short Term Borrowings |
|
|
|
Loans and advances from others |
1.473 |
12.911 |
|
Total |
32.880 |
32.911 |
INDEX OF CHARGE:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10419155 |
29/10/2013 * |
65,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B88264312 |
*Date of modification Charges
PERFORMANCE AS ON
31.03.2013
The Current year’s turnover of 388.213 Million (Previous Year: 278.664 Million). The Operating Profit Margin on turnover for the current year is at 21.70% (Previous Year: 23.04 %)
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.63.66 |
|
|
1 |
Rs.100.50 |
|
Euro |
1 |
Rs.71.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
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 |
|
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.