MIRA INFORM REPORT
|
Report No. : |
329431 |
|
Report Date : |
30.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
SYNDICATE PRINTERS LIMITED |
|
|
|
|
Formerly Known
As : |
SYNDICATE PRINTERS PRIVATE LIMITED
|
|
|
|
|
Registered
Office : |
F-336, Pocket F, Sarita Vihar, New Delhi - 110076 |
|
Tel. No.: |
91-120-2424236 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
12.10.1983 |
|
|
|
|
Com. Reg. No.: |
55-016746 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 5.202
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22219DL1983PLC016746 |
|
|
|
|
IEC No.: |
0500010099 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS09971D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS3985M |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Printed Tickets and Tags and
Other Printing Material. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 560000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an old and established company incorporated during the year
1983 having a satisfactory track record. Available financial indicates company sound financial risk profile
marked by decent networth position with low borrowings and favorable gap
between trade payable and trade receivables. Further the rating also takes into consideration, company good
profitability. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. In view of long standing record, 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 PARTED BY
|
Name : |
Mr. Pradeep Mangal |
|
Designation : |
Chief Financial Officer |
|
Contact No.: |
91-120-2424235 |
|
Date : |
29.05.2015 |
LOCATIONS
|
Registered Office : |
F-336, Pocket F, Sarita Vihar, New Delhi – 110076, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9811077880 (Mr. Rajiv Kumar Agarwal) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
Locality : |
Commercial |
|
|
|
|
Corporate Office : |
G-47, 1st Floor, Sector-6, Noida - 201301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-2424236/ 2424235/ 4676200 |
|
Fax No.: |
91-120-4236690 |
|
E-Mail : |
|
|
|
|
|
Factory : |
303-306, Sector-IV, Kandla Special Economic Zone, Gandhidham - 370230, Gujarat, India |
|
Location : |
Leased |
|
Locality : |
Industrial |
DIRECTORS
AS ON 21.09.2014
|
Name : |
Mr. Rajiv Kumar Aggarwal |
|
Designation : |
Director |
|
Address : |
H. No. 72, Sector 15 A, Noida – 201301, Uttar Pradesh, India |
|
Date of Birth/Age : |
18.01.1961 |
|
Date of Appointment : |
12.10.1983 |
|
DIN No.: |
00421161 |
|
|
|
|
Name : |
Mrs. Ruma Aggarwal |
|
Designation : |
Director |
|
Address : |
H. No. 72, Sector 15 A, Noida – 201301, Uttar Pradesh, India |
|
Date of Birth/Age : |
26.01.1962 |
|
Date of Appointment : |
04.09.2002 |
|
DIN No.: |
00421233 |
|
|
|
|
Name : |
Mr. Rahul Aggarwal |
|
Designation : |
Director |
|
Address : |
H. No. 72, Sector 15 A, Noida – 201301, Uttar Pradesh, India |
|
Date of Birth/Age : |
06.01.1987 |
|
Date of Appointment : |
01.12.2009 |
|
DIN No.: |
02895305 |
KEY EXECUTIVES
|
Name : |
Mr. Pradeep Mangal |
|
Designation : |
Chief Financial Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 21.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Rajiv Kumar Aggarwal |
500000 |
96.12 |
|
Ruma Aggarwal |
20200 |
3.88 |
|
|
|
|
|
Total |
520200 |
100.00 |
AS ON 16.10.2014
|
Names of Allottees |
No. of Shares |
|
Rajiv Kumar Aggarwal |
845829 |
|
Ruma Aggarwal |
34171 |
|
|
|
|
Total |
880000 |
AS ON 21.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Printed Tickets and Tags and Other
Printing Material. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
|
|
Products : |
Printed Tickets |
|
Countries : |
· China · Germany · Japan · Austria · Sri Lanka · USA · UK · Pakistan |
|
|
|
|
Imports : |
|
|
Products : |
Papers |
|
Countries : |
· Hong Kong · Indonesia |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
End Users
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
200 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
· Oriental Bank of Commerce M-1/2/3, Connaught Circus, New Delhi - 110001, Delhi, India · Bank of Baroda International Business Branch, Parliament Street, New
Delhi, Delhi, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Naren Gupta and Company Chartered Accountants |
|
Address : |
9, Panckuia Road, New Delhi – 110001, India |
|
Telefax : |
91-11-23583744 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAJPG6277A |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Group Companies : |
· Syndicate UAE FZC · Syndicate UK Limited · Syndicate Graphic Technologies, Inc. · Bingo-Ring B.V. · Syndicate Secure Print |
CAPITAL STRUCTURE
AFTER 21.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,400,200 |
Equity Shares |
Rs. 10/- each |
Rs. 14.002
Million |
|
|
|
|
|
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
520,200 |
Equity Shares |
Rs. 10/- each |
Rs. 5.202
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
5.202 |
5.202 |
5.202 |
|
(b) Reserves & Surplus |
192.846 |
166.494 |
135.618 |
|
(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) |
198.048 |
171.696 |
140.820 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
2.507 |
0.000 |
0.384 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.180 |
0.000 |
|
(c)
Other long term liabilities |
135.923 |
0.000 |
10.395 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
138.430 |
0.180 |
10.779 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
21.518 |
15.426 |
15.758 |
|
(b)
Trade payables |
17.438 |
43.566 |
11.653 |
|
(c)
Other current liabilities |
11.051 |
7.274 |
11.374 |
|
(d)
Short-term provisions |
10.300 |
9.750 |
6.675 |
|
Total
Current Liabilities (4) |
60.307 |
76.016 |
45.460 |
|
|
|
|
|
|
TOTAL |
396.785 |
247.892 |
197.059 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
116.313 |
79.538 |
65.140 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
73.287 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
38.414 |
38.414 |
38.414 |
|
(c) Deferred tax assets
(net) |
1.595 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
0.000 |
0.000 |
3.378 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
229.609 |
117.952 |
106.932 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
68.176 |
56.721 |
51.882 |
|
(c)
Trade receivables |
78.790 |
56.284 |
13.367 |
|
(d)
Cash and cash equivalents |
4.894 |
9.827 |
9.711 |
|
(e)
Short-term loans and advances |
15.316 |
7.108 |
15.167 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
167.176 |
129.940 |
90.127 |
|
|
|
|
|
|
TOTAL |
396.785 |
247.892 |
197.059 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
379.067 |
301.893 |
138.184 |
|
|
|
Other Income |
3.820 |
3.035 |
24.705 |
|
|
|
TOTAL (A) |
382.887 |
304.928 |
162.889 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
134.489 |
114.520 |
70.210 |
|
|
|
Purchases of Stock-in-Trade |
114.462 |
76.023 |
6.543 |
|
|
|
Changes in inventories of Stock-in-Trade |
0.913 |
(0.477) |
(0.014) |
|
|
|
Changes in inventories of finished goods and
work-in-progress |
(3.584) |
0.269 |
(5.130) |
|
|
|
Employees benefits expense |
30.117 |
22.789 |
20.273 |
|
|
|
Other expenses |
34.300 |
25.388 |
19.936 |
|
|
|
TOTAL (B) |
310.697 |
238.512 |
111.818 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
72.190 |
66.416 |
51.071 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.030 |
1.430 |
0.752 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
70.160 |
64.986 |
50.319 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
19.175 |
16.283 |
17.135 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
50.985 |
48.703 |
33.184 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
9.157 |
13.291 |
3.739 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
41.828 |
35.412 |
29.445 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings (FOB Value) |
348.471 |
292.318 |
127.498 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Traded Goods |
106.365 |
70.849 |
0.059 |
|
|
|
Capital Goods |
4.395 |
32.883 |
1.653 |
|
|
|
Raw Materials, Spares and Consumables |
87.802 |
67.415 |
46.143 |
|
|
TOTAL IMPORTS |
198.562 |
171.147 |
47.855 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
80.41 |
68.07 |
56.60 |
|
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) |
(%) |
11.03 |
11.73 |
21.31 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
19.04 |
22.00 |
36.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.98 |
23.25 |
20.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26 |
0.28 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.12 |
0.07 |
0.11 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.77 |
1.78 |
1.98 |
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 |
5.202 |
5.202 |
5.202 |
|
Reserves & Surplus |
135.618 |
166.494 |
192.846 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
140.820 |
171.696 |
198.048 |
|
|
|
|
|
|
Long-term borrowings |
0.384 |
0.000 |
2.507 |
|
Short term borrowings |
15.758 |
12.569 |
21.518 |
|
Total
borrowings |
16.142 |
12.569 |
24.025 |
|
Debt/Equity ratio |
0.115 |
0.073 |
0.121 |
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 |
138.184 |
301.893 |
379.067 |
|
|
|
118.472 |
25.563 |
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 |
138.184 |
301.893 |
379.067 |
|
Profit |
29.445 |
35.412 |
41.828 |
|
|
21.31% |
11.73% |
11.03% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
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 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 |
Yes |
|
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 |
10553216 |
28/01/2015 |
195,900,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C45690880 |
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from 6-E, Rani
Jhansi Road, Jhandewalan Extn., New Delhi, India to the present address w.e.f.
16.02.2008.
OPERATIONS:
The
Directors are impressed with the growth registered in its manufacturing and
trading operations and hopeful of achieving the further good growth in the
coming years.
AMALGAMATION
The
High Court of Delhi has approved the Scheme of Amalgamation vide its order
dated 30th May, 2014 by which the transferor company, Orchid Printers Private
Limited stands amalgamated with Syndicate Printers Limited (SPL) with effect
from the Appointed date of 1st October 2013. Accordingly, all the assets and
liabilities of the transferor company, Orchid Printers Private Limited, as
stood on October 01 2013 stands transferred and vests with Syndicate Printers
Limited at their respective book values in accordance with the accounting
principles specified in Accounting Standard-14. All the transactions entered by
the transferor company w.e.f October 01, 2013 onwards pertains to SPL and has
been treated accordingly in the accounts of SPL. The Details of Assets and Liabilities
taken over by SPL from Transferor Company are given below:
|
DESCRIPTION |
AMOUNT IN MILLION |
|
Fixed
Assets (Net) |
41.826 |
|
Capital
WIP |
27.103 |
|
Long
Term Loans and Advances |
0.064 |
|
Inventories |
4.630 |
|
Trade
Receivables |
0.655 |
|
Cash |
0.223 |
|
Short
term advances |
4.827 |
|
|
|
|
|
79.328 |
|
|
|
|
Profit
and Loss Account |
(15.457) |
|
Long
Term Liabilities |
75.441 |
|
Trade
Payable |
0.766 |
|
Other
Current Liabilities |
0.478 |
|
|
|
|
|
61.228 |
|
|
|
|
Balance representing the Share capital of
Transferor company |
18.100 |
|
|
|
|
Investment of the company in Equity Share Capital of transferor company
stands written-off as per the Scheme of Amalgamation |
18.000 |
|
|
|
|
Amalgamation Adjustment Account |
0.100 |
As
per the approved Scheme of Amalgamation the company will allot the equity
shares worth Rs. 44.000 Million, divided into 880000 Equity Shares of Rs.10/
each with a premium of Rs. 40/ each to the ultimate beneficial shareholders of
the transferor company after the effective date of the Scheme of Amalgamation
in the next financial year.
FIXED ASSETS:
· Land
· Building
· Plant and Machineries
· Furniture
· Vehicles
· Office Equipment
· Computer
· Electrical Installation
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. 63.92 |
|
|
1 |
Rs. 100.40 |
|
Euro |
1 |
Rs. 70.41 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.