MIRA INFORM REPORT

 

 

Report No. :

310022

Report Date :

02.03.2015

 

IDENTIFICATION DETAILS

 

Name :

MAA KALI ALLOYS UDYOG PRIVATE LIMITED

 

 

Registered Office :

46-A, Rafi Ahmed Kidwai Road, 2nd Floor, Kolkata – 700016, West Bengal

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

31.12.2002

 

 

Com. Reg. No.:

21-095579

 

 

Capital Investment / Paid-up Capital :

Rs. 90.300 Millions

 

 

CIN No.:

[Company Identification No.]

U27105WB2002PTC095579

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

CALM05736D

 

 

PAN No.:

[Permanent Account No.]

AADCM3424C

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer, Processor, Fabricator, Exporter and Importer of Iron and Steel, Coils, Sheets, Metal and Metal Alloys, All Varieties of Iron and Steel, Ferro Alloys, Sponge Iron, etc.

 

 

No. of Employees :

Not Available

 

 

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 1260000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having satisfactory track record.

 

Profitability of the company seems to be low during 2014. However, general financial position of the company seems to be decent.

 

Trade relations are reported as fair. Business is active. Payment terms are reported to be slow but correct.

 

The company can be considered normal 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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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 31-03-2014.

 

 

LOCATIONS

 

Registered Office :

46-A, Rafi Ahmed Kidwai Road, 2nd Floor, Kolkata – 700016, West Bengal, India

Tel. No. :

91-33-30229436

Fax No. :

91-33-22291008

E-Mail :

deepak.poddar4@gmail.com

 

 

Factory :

Village Pali, Post-Gerwani, District Raigarh, Chhattisgarh, India

 

 

DIRECTORS

 

As on 30.09.2014

 

Name :

Mr. Rajendra Kumar Poddar

Designation :

Director

Address :

46-A, Rafi Ahmed Kidwai Road, Kolkata – 700016, West Bengal, India

Date of Birth/Age :

06.01.1961

Date of Appointment :

31.12.2002

PAN No.:

ADCPP1486C

DIN No. :

00207356

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

U08011JH1989PTC003660

GHARONDA PROPERTIES (INDIA) PRIVATE LIMITED

Director

22-11-1989

22-11-1989

Active

NO

2

U23109WB1991PLC051634

JAI MAA KALI UDYOG LIMITED

Director

03-05-1991

03-05-1991

Active

NO

3

U23100JH1992PTC004756

BASUDHA UDYOG PRIVATE LIMITED

Director

22-01-1992

22-01-1992

Active

NO

4

U23100JH1992PTC004992

BASUDHA COKE (INDIA) PRIVATE LIMITED

Director

31-07-1992

31-07-1992

Active

NO

5

U51909WB1994PTC063779

ADITYA ELECTRO CONNECTIONS PRIVATE LIMITED

Director

30-06-1994

30-06-1994

Active

NO

6

U51109WB1995PTC069650

MAA BHADRA KALI COKE INDUSTRIES (PRIVATE) LIMITED

Director

22-09-2000

22-09-2000

Active

NO

7

U70101WB1994PTC065368

MEGACORP PROPERTY DEVELOPERS PRIVATE LIMITED

Director

22-09-2000

22-09-2000

Active

NO

8

U70101WB1995PTC067365

G. M. REALTORS PRIVATE LIMITED

Director

22-09-2000

22-09-2000

Active

NO

9

U34102WB1989PTC046891

PRAGATI AUTOMOBILES PRIVATE LIMITED

Director

01-01-2002

01-01-2002

Active

NO

10

U27105WB2002PTC095579

MAA KALI ALLOYS UDYOG PRIVATE LIMITED

Director

31-12-2002

31-12-2002

Active

NO

 

 

Name :

Mr. Sanjay Kumar Poddar

Designation :

Director

Address :

46-A, Rafi Ahmed Kidwai Road, Kolkata – 700016, West Bengal, India

Date of Birth/Age :

31.05.1968

Date of Appointment :

31.12.2002

PAN No.:

ADCPP1456E

DIN No. :

00207680

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

U23109WB1991PLC051634

JAI MAA KALI UDYOG LTD

Director

03-05-1991

03-05-1991

-

Active

NO

2

U23100JH1992PTC004756

BASUDHA UDYOG PRIVATE LIMITED

Director

22-01-1992

22-01-1992

-

Active

NO

3

U23100JH1992PTC004992

BASUDHA COKE (INDIA) PRIVATE LIMITED

Director

31-07-1992

31-07-1992

-

Active

NO

4

U51909WB1994PTC063779

ADITYA ELECTRO CONNECTIONS PRIVATE LIMITED

Director

30-06-1994

30-06-1994

-

Active

NO

5

U25191KA1994PTC015995

SRI VENKATESHWARA POLYMERS PRIVATE LIMITED

Director

01-03-1996

01-03-1996

-

Active

NO

6

U08011JH1989PTC003660

GHARONDA PROPERTIES (INDIA) PRIVATE LIMITED

Director

24-05-1999

24-05-1999

-

Active

NO

7

U51109WB1995PTC069650

MAA BHADRA KALI COKE INDUSTRIES (PRIVATE) LIMITED

Director

22-09-2000

22-09-2000

-

Active

NO

8

U70101WB1994PTC065368

MEGACORP PROPERTY DEVELOPERS PRIVATE LIMITED

Director

22-09-2000

22-09-2000

-

Active

NO

9

U70101WB1995PTC067365

G. M. REALTORS PRIVATE LIMITED

Director

22-09-2002

22-09-2002

-

Active

NO

10

U27105WB2002PTC095579

MAA KALI ALLOYS UDYOG PRIVATE LIMITED

Director

31-12-2002

31-12-2002

-

Active

NO

11

U74999WB2011PTC164131

JAISHREE SHYAM IMPEX PRIVATE LIMITED

Director

17-02-2014

17-02-2014

09-06-2014

Active

NO

 

 

Name :

Mr. Deepak Kumar Poddar

Designation :

Director

Address :

46-A, Rafi Ahmed Kidwai Road, Kolkata – 700016, West Bengal, India

Date of Birth/Age :

12.09.1966

Date of Appointment :

31.12.2002

PAN No.:

ADJPP7793B

DIN No. :

00375304

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

U23109WB1991PLC051634

JAI MAA KALI UDYOG LIMITED

Director

03-05-1991

03-05-1991

Active

NO

2

U23100JH1992PTC004756

BASUDHA UDYOG PRIVATE LIMITED

Director

22-01-1992

22-01-1992

Active

NO

3

U23100JH1992PTC004992

BASUDHA COKE (INDIA) PRIVATE LIMITED

Director

31-07-1992

31-07-1992

Active

NO

4

U51909WB1994PTC063779

ADITYA ELECTRO CONNECTIONS PRIVATE LIMITED

Director

30-06-1994

30-06-1994

Active

NO

5

U08011JH1989PTC003660

GHARONDA PROPERTIES (INDIA) PRIVATE LIMITED

Director

24-05-1999

24-05-1999

Active

NO

6

U51109WB1995PTC069650

MAA BHADRA KALI COKE INDUSTRIES (PRIVATE) LIMITED

Director

22-09-2000

22-09-2000

Active

NO

7

U34102WB1989PTC046891

PRAGATI AUTOMOBILES PVT LTD.

Director

01-01-2002

01-01-2002

Active

NO

8

U27105WB2002PTC095579

MAA KALI ALLOYS UDYOG PRIVATE LIMITED

Director

31-12-2002

31-12-2002

Active

NO

9

U70101WB1995PTC067365

G. M. REALTORS PRIVATE LIMITED

Director

02-06-2008

02-06-2008

Active

NO

10

U70101WB1994PTC065368

MEGACORP PROPERTY DEVELOPERS PRIVATE LIMITED

Director

02-06-2008

02-06-2008

Active

NO

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2014

 

Names of Shareholders

No. of Shares

 

Rajendra Kumar Poddar

6350

Deepak Kumar Poddar

2350

Sanjay Kumar Poddar

2350

S. P. Adivisor Private Limited

9000

Sangeeta Poddar

5500

Prabhati Devi Poddar

8000

Sanwar Mal Poddar

7500

Anjur Devi Poddar

2500

Deepak Kumar Poddar (HUF)

500

Hollyfield Holding Private Limited, India

11000

Remix Investment Private Limited, India

10000

Fullford Sales Private Limited, India

12000

Deeksha Marketing Private Limited, India

28000

K.N.S. Exports Private Limited, India

12250

Swastika Securities Finance Limited, India

17100

Maa Bhadra Kali Industries Private Limited, India

75500

Aditya Electro Connection Private Limited, India

136606

Continental Fiscal Management Private Limited, India

10500

ETL Infrastructure Finance Limited, India

16500

Compact Advertising and Credit Private Limited, India

20000

Afson India Private Limited, India

10000

Nutshell Vyapar Private Limited, India

10000

J.P. Engineering Private Limited, India

6850

Centak Distributors Private Limited, India

8400

Mahadutin Trading Private Limited, India

16000

Mourya Devcon Private Limited, India

314674

Rohan Finance and Securities Limited, India

2200

Atiti Sanchar Suvidha Private Limited, India

2250

Paridhi Finvest Private Limited, India

2300

Megacord Property Developers Private Limited, India

135816

Shree Venkateshwara Private Limited, India

1000

Total

902996

 

As on 30.09.2014

 

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage of Holding

Bodies corporate

96.00

Directors or relatives of Directors

4.00

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer, Processor, Fabricator, Exporter and Importer of Iron and Steel, Coils, Sheets, Metal and Metal Alloys, All Varieties of Iron and Steel, Ferro Alloys, Sponge Iron, etc.

 

 

Products :

·         Iron and Steel

·         Coils

·         Sheets

·         Metal and Metal Alloys

·         All Varieties of Iron and Steel

·         Ferro Alloys

·         Sponge Iron, etc.

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

--

 

 

Imports :

--

 

 

Terms :

--

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Available

Name of the Person (with Designation):

Not Available

Contact Number:

Not Available

Since How Long Known:

Not Available

Maximum Limit Dealt:

Not Available

Experience :

Not Available

Remarks :

Not Available

 

 

Customers :

Reference:

Not Available

Name of the Person (with Designation):

Not Available

Contact Number:

Not Available

Since How Long Known:

Not Available

Maximum Limit Dealt:

Not Available

Experience :

Not Available

Remarks :

Not Available

 

 

No. of Employees :

Not Available

 

 

Bankers :

Bank Name:

Not Available

Branch:

Not Available

Name of the Person (with Designation):

Not Available

Contact Number:

Not Available

Name of Account Holder:

Not Available

Account Number:

Not Available

Account Since (Date/ Year of A/c Opening):

Not Available

Average Balance Maintained (Optional):

Not Available

Credit Facilities Enjoyed (CC/OD/Term Loan):

Not Available

Account Operation:

Not Available

Remarks:

Not Available

 

 

Facilities :

SECURED LOANS

31.03.2014

(Rs. In Millions)

31.03.2013

(Rs. In Millions)

LONG TERM BORROWINGS

 

 

Rupee term loans from banks

246.200

311.714

Loans and advances from others

32.552

0.000

 

 

 

SHORT TERM BORROWINGS

 

 

Rupee term loans from banks

248.610

99.790

Loans and advances from others

0.000

31.785

Total

527.362

443.289

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Garg and Company

Chartered Accountants

Address :

27-A, Waterloo Street, Kolkata – 700069, West Bengal, India

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

AACFG0982F

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Enterprises which are owned, or have significant

influence of or are partners

with Key management personnel and their relatives :

·         Aditya Electro Connections Private Limited

CIN No.: U51909WB1994PTC063779

 

·         Megacorp Property Developers Private Limited

CIN No.: U70101WB1994PTC065368

 

·         Pragati Automobiles Private Limited

CIN No.: U34102WB1989PTC046891

 

·         Basudha Udyog Private Limited

CIN No.: U23100JH1992PTC004756

 

·         Maa Bhadra Kali Coke Industries (Private) Limited

CIN No.: U51109WB1995PTC069650

 

·         Mourya Devcon Private Limited

CIN No.: U45400WB2009PTC131830

 

·         Basudha Coke (India) Private Limited

CIN No.: U23100JH1992PTC004992

 

 

CAPITAL STRUCTURE

 

As on 30.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1,000,000

Equity Shares

Rs.100/- each

Rs. 100.000 Millions

25,000

Preference Shares

Rs.100/- each

Rs. 2.500 Millions

 

 

 

 

 

Total

 

Rs. 102.500 Millions

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

902,996

Equity Shares

Rs.100/- each

Rs. 90.300 Millions

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

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

90.300

84.653

84.653

(b) Reserves & Surplus

352.207

327.491

347.254

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

5.000

0.000

Total Shareholders’ Funds (1) + (2)

442.507

417.144

431.907

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

278.752

311.714

224.655

(b) Deferred tax liabilities (Net)

5.303

3.927

15.569

(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)

284.055

315.641

240.224

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

248.610

131.575

64.683

(b) Trade payables

37.019

29.617

15.795

(c) Other current liabilities

132.531

109.580

83.109

(d) Short-term provisions

0.000

0.000

1.775

Total Current Liabilities (4)

418.160

270.772

165.362

 

 

 

 

TOTAL

1144.722

1003.557

837.493

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

827.054

184.958

195.667

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.176

595.032

436.470

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.071

0.071

0.071

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

3.956

19.302

22.271

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

831.257

799.363

654.479

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

228.376

143.123

90.112

(c) Trade receivables

7.907

6.285

12.450

(d) Cash and cash equivalents

15.124

22.415

17.841

(e) Short-term loans and advances

62.058

32.371

62.611

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

313.465

204.194

183.014

 

 

 

 

TOTAL

1144.722

1003.557

837.493

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Income

506.347

393.023

531.584

 

 

Other Income

1.547

1.437

1.176

 

 

TOTAL                                     (A)

507.894

394.460

532.760

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                     (B)

503.654

(Including Financial Expenses and Depreciation)

425.865

(Including Financial Expenses and Depreciation)

501.854

 

 

 

 

 

 

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

 

 

30.906

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

 

 

10.004

 

 

 

 

 

 

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

 

 

20.902

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

 

 

11.645

 

 

 

 

 

 

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

4.240

(31.405)

9.257

 

 

 

 

 

Less

TAX                                                                  (H)

1.376

(11.642)

4.312

 

 

 

 

 

 

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

2.864

(19.763)

4.945

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

3.17

(23.35)

5.84

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT/Sales)

(%)

0.57

(5.03)

0.93

 

 

 

 

 

Operating Profit Margin

(PBDIT/Sales)

(%)

0.84

(7.99)

5.81

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

0.37

(7.69)

2.31

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.01

(0.08)

0.02

 

 

 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

1.19

1.06

0.67

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

0.75

0.75

1.11

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

 

DEBT EQUITY RATIO

 

Particular

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Millions)

(Rs. In Millions)

(Rs. In Millions)

Share Capital

84.653

84.653

90.300

Reserves & Surplus

347.254

327.491

352.207

Share Application money pending allotment

0.000

5.000

0.000

Net worth

431.907

417.144

442.507

 

 

 

 

long-term borrowings

224.655

311.714

278.752

Short term borrowings

64.683

131.575

248.610

Total borrowings

289.338

443.289

527.362

Debt/Equity ratio

0.670

1.063

1.192

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Millions)

(Rs. In Millions)

(Rs. In Millions)

Sales

531.584

393.023

506.347

 

 

(26.066)

28.834

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Millions)

(Rs. In Millions)

(Rs. In Millions)

Sales

531.584

393.023

506.347

Profit

4.945

(19.763)

2.864

 

0.93%

(5.03%)

0.57%

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check List by Info Agents

Available in Report (Yes / No)

1]

Year of Establishment

Yes

2]

Locality of the firm

Yes

3]

Constitutions of the firm

Yes

4]

Premises details

No

5]

Type of Business

Yes

6]

Line of Business

Yes

7]

Promoter's background

Yes

8]

No. of employees

No

9]

Name of person contacted

No

10]

Designation of contact person

No

11]

Turnover of firm for last three years

Yes

12]

Profitability for last three years

Yes

13]

Reasons for variation <> 20%

-----

14]

Estimation for coming financial year

No

15]

Capital in the business

Yes

16]

Details of sister concerns

Yes

17]

Major suppliers

No

18]

Major customers

No

19]

Payments terms

No

20]

Export / Import details (if applicable)

No

21]

Market information

-----

22]

Litigations that the firm / promoter involved in

-----

23]

Banking Details

Yes

24]

Banking facility details

Yes

25]

Conduct of the banking account

-----

26]

Buyer visit details

-----

27]

Financials, if provided

Yes

28]

Incorporation details, if applicable

Yes

29]

Last accounts filed at ROC

Yes

30]

Major Shareholders, if available

Yes

31]

Date of Birth of Proprietor/Partner/Director, if available

Yes

32]

PAN of Proprietor/Partner/Director, if available

Yes

33]

Voter ID No of Proprietor/Partner/Director, if available

No

34]

External Agency Rating, if available

No

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10050467

30/07/2014 *

635,000,000.00

STATE BANK OF INDIA SME BRANCH BOKARO

SME BRANCH, SECTOR-4, CITY CENTRE, BOKARO STEEL CITY, JHARKHAND - 827004, INDIA

C18207555

2

80029708

10/10/2005

130,000,000.00

STATE BANK OF INDIA

COMMCERIAL BRNCH, CITY CENTER, SECTOR-IV, BOKARO,
BIHAR - 827004, INDIA

-

 

* Date of charge modification

 

 

BUSINESS

 

The directors are trying their best to achieve more turnover and profit in coming years.

 

 

FIXED ASSETS

 

Tangible Assets

·         Land

·         Buildings

·         Plant and Equipment

·         Vehicles

·         Office equipment

·         Computer Equipments

·         Other Equipments

 

 

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.61.79

UK Pound

1

Rs.95.42

Euro

1

Rs.69.29

 

 

INFORMATION DETAILS

 

Information Gathered by :

 

 

 

Analysis Done by :

RAS

 

 

Report Prepared by :

MRI

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILITY

1~10

3

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--RESERVES

1~10

6

--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.