MIRA INFORM REPORT
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Report No. : |
310886 |
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Report Date : |
07.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
SAKAL PAPERS PRIVATE LIMITED (w.e.f. 16.06.2011) |
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Formerly Known
As : |
SAKAL PAPERS
LIMITED |
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Registered
Office : |
595, Budhwar Peth, Pune – 411002, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
16.02.1948 |
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Com. Reg. No.: |
11-006177 |
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Capital
Investment / Paid-up Capital : |
Rs.0.174 Million |
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CIN No.: [Company Identification
No.] |
U22121PN1948PTC006177 |
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TIN No.: |
Not Available |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
NGPS03468D |
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PAN No.: [Permanent Account No.] |
AACCS7605Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Printing and Publishing of News Papers and Multimedia Activities. |
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No. of Employees
: |
2500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is a well-established and reputed company having a fine track
record. Overall fundamental of the company seems to be strong and healthy. Trade relations are fair. Business is active. Payment terms are
regular. 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 |
CARE |
|
Rating |
Long Term Bank Facilities = A- |
|
Rating Explanation |
Have adequate degree of safety and carry low credit risk |
|
Date |
04.03.2015 |
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Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A1 |
|
Rating Explanation |
Have very strong degree of safety and carry lowest credit risk |
|
Date |
04.03.2015 |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Mandar Vidwans |
|
Designation : |
Chief Manager – Finance |
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Contact No.: |
91-9011017909 |
|
Date : |
04.03.2015 |
LOCATIONS
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Registered Office / Head Office : |
595, Budhwar Peth, Pune – 411002, Maharashtra, India |
|
Tel. No.: |
91-20-24455500 /
24455501 / 24455588 / 24455500 / 24405500 |
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Mobile No.: |
91-9011017909 (Mr. Mandar Vidwans) |
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Fax No.: |
91-20-24450583 |
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E-Mail : |
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Website : |
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Administration
Office : |
154, Jerbai Wadia
Road, Behind Tata Hospital, Parel, Mumbai – 400012, Maharashtra, India |
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Tel. No.: |
91-22-24158104 /
24160986 |
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Fax No.: |
91-22-24186984 |
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Branch Offices : |
Located At:
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DIRECTORS
As on 03.08.2013
|
Name : |
Mr. Pratap Govind
Pawar |
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Designation : |
Chairman cum
Managing Director |
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Address : |
S No. 73, |
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Date of Birth/Age : |
15.10.1944 |
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Qualification : |
Graduate |
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Date of Appointment : |
24.05.2008 |
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DIN No.: |
00018985 |
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Name : |
Mr. Abhijit
Pratap Pawar |
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Designation : |
Managing Director |
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Address : |
S No. 73, |
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Date of Birth/Age : |
17.02.1972 |
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Qualification : |
Graduate |
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Date of Appointment : |
24.05.2008 |
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PAN No.: |
AFPPP7465L |
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DIN No.: |
00018998 |
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|
|
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Name : |
Mr. Shrikrishna
Narhar Inamdar |
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Designation : |
Director |
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Address : |
2A, Ameya
Apartment, Near Kirti College, 1193 B, Kashi Dhuru, Marg, Mumbai – 400028,
Maharashtra, India |
|
Date of Birth/Age : |
06.05.1945 |
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Date of Appointment : |
22.06.2005 |
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DIN No.: |
00025180 |
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Name : |
Mrs. Mrunalini
Abhijit Pawar |
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Designation : |
Director |
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Address : |
S No. 73, |
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Date of Birth/Age : |
22.10.1976 |
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Date of Appointment : |
20.09.2008 |
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DIN No.: |
00025225 |
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|
|
|
Name : |
Mr. Raghunath Anant Mashelkar |
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Designation : |
Director |
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Address : |
Raghunath, D/ 4, Varsha Path, Aundh, Pune – 411 045, |
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Date of Birth/Age : |
01.01.1943 |
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Date of Appointment : |
20.09.2008 |
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DIN No.: |
00074119 |
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|
|
|
Name : |
Mrs. Supriya
Sadanand Sule |
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Designation : |
Director |
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Address : |
House No. 2,
First Floor, Silver Oak Estate, |
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Date of Birth/Age : |
30.06.1969 |
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Date of Appointment : |
30.12.1996 |
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DIN No.: |
00622228 |
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Name : |
Mr. Bhalchandra
Vasudeo Tambe |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
28.06.1940 |
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Date of Appointment : |
20.09.2008 |
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DIN No.: |
01121122 |
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Name : |
Ms. Lila Claude
Parulekar |
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Designation : |
Whole Time
Director |
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Address : |
4-A |
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Date of Birth/Age : |
31.01.1936 |
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Date of Appointment : |
06.09.1977 |
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DIN No.: |
02368528 |
MAJOR SHAREHOLDERS
As on 03.08.2013
|
Names of Shareholders |
|
No. of Shares |
|
Pratap Govind
Pawar |
|
200 |
|
Yashad Hospital
Private Limited, |
|
10904 |
|
APP Media Private
Limited, |
|
23996 |
|
Pratap Govind
Pawar Joint with APP Media Private Limited, India |
|
200 |
|
Panhala
Investment Private Limited, |
|
20000 |
|
Temblai
Investment Private Limited, India |
|
15104 |
|
Chandrashekhar
Hari Joshi |
|
42 |
|
Abhijit Pratap
Pawar |
|
16735 |
|
Total |
|
87181 |
Equity Share Break up (Percentage of Total Equity)
As on 03.08.2013
|
Category |
Percentage |
|
Bodies corporate |
80.30 |
|
Directors or relatives of Directors |
19.65 |
|
Other top fifty shareholders |
0.05 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Printing and Publishing of News Papers and Multimedia Activities. |
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Products : |
News Papers |
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Brand Names : |
“SAKAL” |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
News Print (Raw Material) |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit (30 Days, 60 Days and 90 Days) |
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Purchasing : |
Cash and Credit (30 Days, 60 Days and 90 Days) |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
2500 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
G. M. Oka and Company Chartered Accountants |
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Address : |
32, Swapna Nagri, |
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Tel. No.: |
91-20-30287900/ 30287500 |
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Fax No.: |
91-20-25440143 |
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E-Mail : |
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PAN.: |
AABFG1894M |
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Memberships : |
-- |
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Collaborators : |
-- |
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Subsidiary Company
: |
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Enterprises over
which any person described and other directors and their relatives are able
to exercise significant influence : |
·
ASK Chemicals Foundry Solution India Private Limited ·
United Metachem Private Limited ·
Ojas Engineering Private Limited. ·
Magneco Metachem Private Limited ·
APP Media Private Limited. ·
Panhala Investments Private Limited ·
Temblai Investments Private Limited ·
Gomantak Private Limited ·
Gomantak Foods Private Limited ·
Wikas Printing and Carriers Private Limited ·
P. Holdings Private Limited ·
Stamford Warehousing and Developers Private Limited ·
D.S.L. Ventures Private Limited ·
Octon India Private Limited ·
Abhijit Pawar Media Limited ·
Sai Logistics and Material Handling Private Limited ·
Yashad Hospitals Private Limited ·
Namratta Film Enterprises Private Limited ·
Supriya Holdings Private Limited ·
Lap Finance and Consultancy Private Limited ·
P.P. Holdings Limited ·
Neo Television Private Limited |
CAPITAL STRUCTURE
As on 03.08.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.2/- each |
Rs.10.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
87181 |
Equity Shares |
Rs.2/- each |
Rs.0.174 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 |
0.174 |
0.174 |
8.718 |
|
(b) Reserves & Surplus |
2,042.938 |
1,629.833 |
1,429.208 |
|
(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) |
2,043.112 |
1,630.007 |
1,437.926 |
|
|
|
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|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
195.286 |
282.500 |
168.205 |
|
(b) Deferred tax liabilities (Net) |
52.588 |
44.636 |
41.532 |
|
(c) Other long term
liabilities |
127.339 |
112.490 |
94.111 |
|
(d) long-term
provisions |
114.751 |
83.854 |
65.860 |
|
Total Non-current
Liabilities (3) |
489.964 |
523.480 |
369.708 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
246.881 |
336.686 |
331.712 |
|
(b) Trade
payables |
1,088.437 |
954.835 |
670.195 |
|
(c) Other
current liabilities |
84.817 |
73.508 |
323.240 |
|
(d) Short-term
provisions |
882.806 |
562.519 |
569.458 |
|
Total Current Liabilities
(4) |
2,302.941 |
1,927.548 |
1,894.605 |
|
|
|
|
|
|
TOTAL |
4,836.017 |
4,081.035 |
3,702.239 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1,550.711 |
1,441.600 |
1,570.170 |
|
(ii)
Intangible Assets |
77.824 |
21.067 |
21.360 |
|
(iii)
Capital work-in-progress |
109.060 |
17.182 |
18.495 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
19.815 |
26.200 |
26.109 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
217.378 |
168.678 |
88.087 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1,974.788 |
1,674.727 |
1,724.221 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
958.516 |
693.536 |
422.479 |
|
(c) Trade
receivables |
890.638 |
769.926 |
730.220 |
|
(d) Cash
and cash equivalents |
293.331 |
242.534 |
159.580 |
|
(e)
Short-term loans and advances |
716.737 |
700.312 |
665.739 |
|
(f) Other
current assets |
2.007 |
0.000 |
0.000 |
|
Total
Current Assets |
2,861.229 |
2,406.308 |
1,978.018 |
|
|
|
|
|
|
TOTAL |
4,836.017 |
4,081.035 |
3,702.239 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Circulation Income |
1,266.300 |
1,052.400 |
931.400 |
|
|
|
Advertisement Income |
3,934.500 |
3,329.100 |
3,347.000 |
|
|
|
Other Operating Income |
308.300 |
230.400 |
229.700 |
|
|
|
Other Income |
65.500 |
43.000 |
62.400 |
|
|
|
TOTAL (A) |
5,574.600 |
4,654.900 |
4,570.500 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Consumption |
2,275.800 |
2,146.100 |
2,103.600 |
|
|
|
Payment to and for employees |
966.100 |
696.300 |
657.400 |
|
|
|
Other Operating Expenses |
1,369.700 |
1,239.100 |
1,349.100 |
|
|
|
TOTAL (B) |
4,611.600 |
4,081.500 |
4,110.100 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
963.000 |
573.400 |
460.400 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
118.200 |
124.500 |
166.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
844.800 |
448.900 |
294.200 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
202.800 |
171.200 |
181.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
642.000 |
277.700 |
112.400 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
238.200 |
54.500 |
36.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
403.800 |
223.200 |
76.300 |
|
|
|
|
|
|
|
|
|
Add/ Less |
Earlier
Year Adjustments |
(9.300) |
(31.100) |
(3.500) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
413.100 |
192.100 |
72.800 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Newsprint |
1748.129 |
1096.938 |
NA |
|
|
|
Spare parts, blankets etc. |
0.000 |
0.551 |
NA |
|
|
TOTAL IMPORTS |
1748.129 |
1097.489 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4631.74 |
2560.19 |
NA |
|
Expected Sales (2014-2015): Rs.6100.000 Million
The above information has been parted by Mr. Mandar Vidwans
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
7.33 |
4.84 |
1.69 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
17.48 |
12.43 |
10.21 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.64 |
6.88 |
3.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31 |
0.17 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.22 |
0.38 |
0.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24 |
1.25 |
1.04 |
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 |
8.718 |
0.174 |
0.174 |
|
Reserves & Surplus |
1429.208 |
1629.833 |
2042.938 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1437.926 |
1630.007 |
2043.112 |
|
|
|
|
|
|
Long Term borrowings |
168.205 |
282.500 |
195.286 |
|
Short Term borrowings |
331.712 |
336.686 |
246.881 |
|
Total
borrowings |
499.917 |
619.186 |
442.167 |
|
Debt/Equity
ratio |
0.348 |
0.380 |
0.216 |
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 |
4,508.100 |
4,611.900 |
5,509.100 |
|
|
|
2.303 |
19.454 |
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
|
4,508.100 |
4,611.900 |
5,509.100 |
|
Profit |
76.300 |
223.200 |
403.800 |
|
|
1.69% |
4.84% |
7.33% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT
MATURITIES OF LONG TERM DEBT DETAILS
Rs.
In Million
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long term debt |
45.129 |
3.235 |
257.860 |
|
Total |
45.129 |
3.235 |
257.860 |
|
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
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 |
Yes |
LITIGATION DETAILS
|
Case Details |
|||||
|
Bench:- Bombay |
|||||
|
Presentation Date:- |
24/12/2014 |
||||
|
Lodging
No.:- |
ITXAL/2140/2014 |
Filing
Date:- |
24/12/2014 |
||
|
Petitioner:- |
THE COMMISSIONER OF INCOME TAX – III, PUNE |
Respondent:- |
SAKAL PAPERS LIMITED |
||
|
Petn.Adv:- |
TAJVEER SINGH MASTAN SINGH (I3678) |
|
|
||
|
District:- |
PUNE |
||||
|
Bench:- |
DIVISION |
||||
|
Status:- |
Pre-Admission |
Category:- |
TAX APPEALS |
||
|
Last
Date:- |
05/01/2015 |
Stage:- |
|
||
|
Last
Coram:- |
REGISTRAR(OS)/PROTHONOTARY & SR. MASTER |
||||
|
Act :- |
Income Tax Act, 1961 |
Under
Section:- |
260A |
||
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
LONG TERM BORROWINGS |
|
|
|
Intercorporate deposits |
127.050 |
282.500 |
|
Total |
127.050 |
282.500 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10408063 |
12/02/2013 |
200,000,000.00 |
State Bank Of India Commercial Branch |
1548/A Off Tilak Road, Sadashiv Peth, Pune, Maharashtra - 411030, INDIA |
B69633972 |
|
2 |
10271755 |
25/02/2011 |
80,000,000.00 |
Bank Of Maharashtra |
Corporate Finance Branch, 1183/A, 'Yashomangal', F.C. Road, Pune, Maharashtra - 411005, India |
B08099566 |
|
3 |
10243239 |
25/08/2010 |
8,000,000.00 |
Cosmos Co-Op Bank Limited |
269/270, Shaniwar Peth, Pune, Maharashtra - 411007, India |
A95820502 |
|
4 |
10243237 |
18/08/2010 |
22,000,000.00 |
The Cosmos Co-Op Bank Ltd |
269/270, Shaniwar Peth, Pune, Maharashtra - 411030, India |
A95820155 |
|
5 |
10136429 |
17/12/2008 |
50,000,000.00 |
Bank Of Maharashtra |
Industrial Finance Branch, "Yashomangal', F C Road,, Pune, Maharashtra - 411005, India |
A54138573 |
|
6 |
90091589 |
25/06/2001 |
45,000,000.00 |
Bank Of Maharashtra |
Industrial
Finance Branch, 1183 A ; Sadashiv Vila |
- |
|
7 |
90091173 |
10/02/2000 |
281,590,000.00 |
Bank Of Maharashtra |
Industrial Finance Branch, 1183 A Sada Shiv Vilas; F. C. Road, Pune, Maharashtra - 411005, India |
- |
|
8 |
90090830 |
28/11/1998 |
20,000,000.00 |
The Cosmos Co-Op. Bank Ltd. |
269/270;
Shaniwar Peth, Pune, Maharashtra - 411030 |
- |
|
9 |
90084694 |
15/02/2013 * |
1,748,100,000.00 |
Bank Of Maharashtra-Lead Bank |
Corporate Finance Branch, Yashomangal, 1183/1, F.C. Road, Pune, Maharashtra - 411005, India |
B69814978 |
|
10 |
90090303 |
02/05/1996 |
10,000,000.00 |
The Cosmos Co-Op. Bank Ltd. |
269/270; Shaniwar Peth, Pune, Maharashtra - 411030, India |
- |
*Date of modification Charges
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.61.85 |
|
|
1 |
Rs.94.96 |
|
Euro |
1 |
Rs.69.70 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
0 |
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
53 |
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.