MIRA INFORM REPORT
|
Report No. : |
328891 |
|
Report Date : |
26.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
PRABHAT TELECOMS (INDIA) LIMITED [w.e.f.22.04.2013] |
|
|
|
|
Formerly Known
As : |
PRABHAT TELECOMS (INDIA) PRIVATE LIMITED [w.e.f.23.05.2007] PRABHAT TELECOMMUNICATION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2, Geetanjali Apartments, Manchhu Bhai Road, Near Manali Hotel, Near
Subway, Malad (East), Mumbai – 400097, Maharashtra |
|
Tel. No.: |
91-22-40676000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
02.04.2007 |
|
|
|
|
Com. Reg. No.: |
11-169551 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 83.148 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72100MH2007PLC169551 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECP2288G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading and assembling of mobile. |
|
|
|
|
No. of Employees
: |
80 (Approximately) |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated during the year 2007
having a satisfactory track record. Available financial indicates company sound financial risk profile
marked by decent net worth position with fair profitability and favourable
gap between trade payable and trade receivables. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term rating = “BB” (Suspended) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
June 2014 |
Reason for suspended: Inability to carry out rating in absence of
requisite information from the company.
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 (GENERAL DETAILS)
|
Name : |
Mr. Amit |
|
Designation : |
Finance department |
|
Contact No.: |
91-22-40676000 |
|
Date : |
25.06.2015 |
LOCATIONS
|
Registered Office : |
2, Geetanjali Apartments, Manchhu Bhai Road, Near Manali Hotel, Near
Subway, Malad (East), Mumbai – 400097, Maharashtra, India |
|
Tel. No.: |
91-22-40676000 |
|
Fax No.: |
91-22-40676042 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Warehouse : |
H. No. 736/1, Ground Floor, Behind WWF Hotel Bhiwandi Mumbai – 421302,
Maharashtra, India |
|
|
|
|
Corporate Office : |
Unit no. 402, Western Edge-I Kanakia Spaces, Western Express Highway,
Borivali (East), Mumbai – 400066, Maharashtra, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Vishwamani Matamani Tiwari |
|
Designation : |
Managing Director |
|
Address : |
2, Geetanjali Apartments, Manchhu Bhai Road, Near Manali Hotel, Near Subway, Malad (East), Mumbai - 400097, Maharashtra, India |
|
Date of Birth/Age : |
20.06.1974 |
|
Date of Appointment : |
01.04.2013 |
|
PAN No.: |
ABWPT2569G |
|
DIN No.: |
01932624 |
|
|
|
|
Name : |
Mr. Shishir Chandrakant Tripathi |
|
Designation : |
Additional director |
|
Address : |
57-Ratnadeep Bungalow, Mahakali Caves Road, Andheri East Mumbai – 400093, Maharashtra, India |
|
Date of Appointment : |
27.01.1983 |
|
PAN No.: |
01.12.2013 |
|
DIN No.: |
02061516 |
|
|
|
|
Name : |
Mr. Vaibhav Shastri |
|
Designation : |
Director |
|
Address : |
C-302 A, Sushant Lok, Phase I, Gurgaon – 122002, Haryana, India |
|
Date of Birth/Age : |
10.10.1976 |
|
Date of Appointment : |
01.04.2013 |
|
DIN No.: |
02136309 |
|
|
|
|
Name : |
Mr. Parag Rameshchandra Malde |
|
Designation : |
Whole-time director |
|
Address : |
1/2, Prabha Kunj, S. V. Road, Malad (West), Mumbai 400064,
Maharashtra, India |
|
Date of Birth/Age : |
11.04.1979 |
|
Date of Appointment : |
01.04.2013 |
|
DIN No.: |
05354513 |
|
|
|
|
Name : |
Mr. Atul Dattatray Bhatkhalkar |
|
Designation : |
Director |
|
Address : |
B-7, 1/12, Dudha Sagar Society, Shiva Road, Aarey Cheknaka, Goregoan
[East], Mumbai – 400065, Maharashtra, India
|
|
Date of Birth/Age : |
08.03.1965 |
|
Date of Appointment : |
01.04.2013 |
|
DIN No.: |
06518965 |
|
|
|
|
Name : |
Mr. Kalakad Sundaram Sathi |
|
Designation : |
Non-Executive Independent Director |
|
Address : |
D-604, Gayatri Avenue, Opposite St. Lawrance High School Thakur Complex, Kandivali East, Mumbai - 400101, Maharashtra India |
|
Date of Birth/Age : |
22.06.1963 |
|
Date of Appointment : |
03.09.2014 |
|
DIN No.: |
00150876 |
KEY EXECUTIVES
|
Name : |
Mr. Yojana Ratnakar Pednekar |
|
Designation : |
Secretary |
|
Address : |
House No. 260, Warin Pada Danda, Khar (West), Mumbai – 400052,
Maharashtra, India |
|
Date of Birth/Age : |
05.12.1983 |
|
Date of Appointment : |
01.05.2013 |
|
PAN No.: |
ARKPP8762H |
|
|
|
|
Name : |
Mr. Amit |
|
Designation : |
Finance department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Vishwamani Matamani Tiwari |
|
4736855 |
|
Prabha Vishwamani Tiwari |
|
1457945 |
|
Parag Malde |
|
226250 |
|
Tribhuvan Tiwari |
|
100300 |
|
Vee Three Informatics Limited, India |
|
1322600 |
|
Matamani Tiwari |
|
102000 |
|
Gauri Kutty |
|
100300 |
|
Ankush Vasant Belorkar |
|
62500 |
|
Mayur Chandrakant Mehta HUF |
|
18750 |
|
Mayur Chandrakant Mehta |
|
26250 |
|
Urvashi Mayur Mehta |
|
20000 |
|
Chandramani M. Tiwari |
|
6050 |
|
Mahesh Rajpurohit |
|
28750 |
|
Bhanwarsingh Rajpurohit |
|
15000 |
|
Bhanwarsingh Narayansingh Rajpurohit HUF |
|
16250 |
|
Anita Sangle |
|
21250 |
|
Brijesh Pathak |
|
31250 |
|
Alipta Malde |
|
12500 |
|
Aditya Sangle |
|
7500 |
|
Kailash Shrikishan Chaurasia |
|
2500 |
|
Total |
|
8314800 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
15.91 |
|
Directors or relatives of Directors |
81.46 |
|
Other top fifty shareholders |
2.6 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading and assembling of mobile. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash, Cheque and Credit (60/90 Days) |
||||
|
|
|
||||
|
Purchasing : |
Cash, Cheque and Credit (60/90 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
End users and OEMs
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
80 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
· HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel [West], Mumbai, Maharashtra, India ·
State Bank of Bikaner and Jaipur, Welspun
House, Ground Floor, Kamala Mill Compound, Senapati Bapat Marg, Lower Parel (West),
Mumbai - 400013, Maharashtra, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
Reliance Capital Limited, "H" Block 1st Floor, Dhirubhai
Ambani Knowledge City, Koparkhairne, Navi Mumbai - 400710, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Rajeev Sood
and Company Chartered Accountants |
|
Address : |
282/6, Moti
Bazar, Mandi -175001, Haryana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAJFR4865M |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates: |
CIN: U72900MH2009PLC194556 |
|
|
|
|
Other Related Party: |
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 120.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8,314,800 |
Equity Shares |
Rs.10/- each |
Rs. 83.148
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 |
83.148 |
79.900 |
46.175 |
|
(b) Reserves & Surplus |
312.229 |
252.443 |
255.266 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
1.525 |
|
Total
Shareholders’ Funds (1) + (2) |
395.377 |
332.343 |
302.966 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
76.158 |
91.489 |
72.925 |
|
(b) Deferred tax liabilities
(Net) |
10.607 |
8.802 |
1.245 |
|
(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) |
86.765 |
100.291 |
74.170 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
252.782 |
198.552 |
151.595 |
|
(b) Trade payables |
664.120 |
484.542 |
439.298 |
|
(c) Other current liabilities |
8.678 |
41.310 |
16.044 |
|
(d) Short-term provisions |
30.740 |
28.322 |
11.881 |
|
Total
Current Liabilities (4) |
956.320 |
752.726 |
618.818 |
|
|
|
|
|
|
TOTAL |
1438.462 |
1185.360 |
995.954 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
114.232 |
117.113 |
108.560 |
|
(ii) Intangible Assets |
14.803 |
7.367 |
5.733 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
17.660 |
8.825 |
|
Total
Non-Current Assets |
129.035 |
142.140 |
123.118 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
223.639 |
235.620 |
185.560 |
|
(c) Trade receivables |
957.627 |
673.279 |
643.741 |
|
(d) Cash and cash equivalents |
1.245 |
2.250 |
2.095 |
|
(e) Short-term loans and
advances |
126.916 |
132.071 |
41.440 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1309.427 |
1043.220 |
872.836 |
|
|
|
|
|
|
TOTAL |
1438.462 |
1185.360 |
995.954 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
2682.737 |
2139.642 |
1959.375 |
|
|
Other Income |
8.288 |
14.562 |
9.181 |
|
|
TOTAL
(A) |
2691.025 |
2154.204 |
1968.556 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
2533.188 |
2070.908 |
1892.608 |
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
31.382 |
(45.621) |
(8.825) |
|
|
Employees benefits expense |
7.076 |
4.260 |
4.382 |
|
|
Other expenses |
12.462 |
28.091 |
20.253 |
|
|
TOTAL
(B) |
2584.108 |
2057.638 |
1908.418 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
106.917 |
96.566 |
60.138 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
45.603 |
36.364 |
22.29 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
61.314 |
60.202 |
37.848 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
5.900 |
5.120 |
11.979 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
55.414 |
55.082 |
25.869 |
|
|
|
|
|
|
|
Less |
TAX (H) |
11.555 |
19.794 |
7.713 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
43.859 |
35.288 |
18.156 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
71.295 |
42.042 |
26.979 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Dividend |
5.820 |
5.193 |
2.662 |
|
|
Tax on Dividend |
0.989 |
0.842 |
0.431 |
|
|
Total
(M) |
6.809 |
6.035 |
3.093 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
108.345 |
71.295 |
42.042 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
5.35 |
4.75 |
7.27 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
3000.000 |
Expected Sales (2015-2016) : Rs. 3900.000 Million
The above information has been parted by Mr. Amit
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) |
(%) |
1.63 |
1.65 |
0.93 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
3.99 |
4.51 |
3.07 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.85 |
4.65 |
2.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.17 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.83 |
0.87 |
0.74 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.37 |
1.39 |
1.41 |
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 |
46.175 |
79.900 |
83.148 |
|
Reserves & Surplus |
255.266 |
252.443 |
312.229 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
1.525 |
0.000 |
0.000 |
|
Net
worth |
302.966 |
332.343 |
395.377 |
|
|
|
|
|
|
long-term borrowings |
72.925 |
91.489 |
76.158 |
|
Short term borrowings |
151.595 |
198.552 |
252.782 |
|
Total
borrowings |
224.520 |
290.041 |
328.940 |
|
Debt/Equity
ratio |
0.741 |
0.873 |
0.832 |
%20LIMITED%20-%20328891_MIRA%2026-Jun-2015_files/image011.gif)
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 |
1959.375 |
2139.642 |
2682.737 |
|
|
|
9.200 |
25.383 |
%20LIMITED%20-%20328891_MIRA%2026-Jun-2015_files/image013.gif)
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 |
1959.375 |
2139.642 |
2682.737 |
|
Profit |
18.156 |
35.288 |
43.859 |
|
|
0.93% |
1.65% |
1.63% |
%20LIMITED%20-%20328891_MIRA%2026-Jun-2015_files/image015.gif)
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 |
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 |
Yes |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Intercorporate borrowing |
36.250 |
47.500 |
|
Term loan from others |
0.000 |
5.133 |
|
SHORT TERM
BORROWING |
|
|
|
Loan and advances from related parties |
0.000 |
1.800 |
|
|
|
|
|
Total |
36.250 |
54.433 |
INDEX OF CHARGES:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10463254 |
20/11/2013 |
50,000,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
WELSPUN HOUSE,
GROUND FLOOR, KAMLA MILL COMPOUND, |
B90745845 |
|
2 |
10315467 |
08/03/2013 * |
180,000,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
WELSPUN HOUSE,
GROUND FLOOR, KAMLA MILL COMPOUND, |
B76560978 |
|
3 |
10285462 |
12/05/2011 |
14,000,000.00 |
S. E. INVESTMENTS LIMITED |
S-547IIND FLOOR
MAIN ROAD, SHAKAR PUR, NEW DELHI, |
B12232617 |
*Date of charge modification
FIXED ASSETS:
· Buildings
·
Land
·
Plant and equipment
· Office building
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer software
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.63.61 |
|
|
1 |
Rs.99.79 |
|
Euro |
1 |
Rs.71.17 |
INFORMATION DETAILS
|
Information
Gathered by : |
MNJ |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ART |
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 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
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 |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.