MIRA INFORM REPORT
|
Report No. : |
310880 |
|
Report Date : |
09.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
INFINIUM (INDIA) LIMITED |
|
|
|
|
Registered
Office : |
9th Floor, Shitiratha Off C G Road, Near Panchwati Circle,
Ahmedabad-380006, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
31.01.2000 |
|
|
|
|
Com. Reg. No.: |
04-037266 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.135.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109GJ2000PLC037266 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI7721B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
They are into Establishing Satellite Base Communication Network and its other division is VSAT License Business. |
|
|
|
|
No. of Employees
: |
95 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (13) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Management has failed From 20 B depicting annual return, whereas
failed to file any latest other documents for FY 14, with the statutory
authorities. Mr. M D Makwana, general manager finance provided information and
claimed that the management has reported a dip in its revenuers as a result
of elections leading to delays in statutory approval of some of the projects.
Moreover the given information is not verified and has been provided only for
your reference. As per available, the company has reported a minimal profit against a
previous year loss with the help of which the management is gradually wiping
of its accumulated losses during FY 12. However, business is active. Payment terms are unknown. In view of lack of requisite information, the company can be
considered for busiesns dealings on safe and secured 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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.
INFORMATION PARTED BY
|
Name : |
Mr. M. D. Makwana |
|
Designation : |
General Manager (Finance) |
|
Contact No.: |
91-9825014563 |
|
Date : |
05.03.2015 |
LOCATIONS
|
Registered Office : |
9th Floor, Shitiratha Off C G Road, Near Panchwati Circle,
Ahmedabad-380006, Gujarat, India |
|
Tel. No.: |
91-79-26440364 / 26448479 |
|
Mobile No.: |
91-9825014561 (Mr. N. D. Acharya) 91-9825014563 (Mr. M. D. Makwana) |
|
Fax No.: |
91-79-26561499 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Branch Office : |
A-710, Mittal Towers, M. G. Road, Bangalore-560001, Karnataka, India |
|
Tel. No.: |
91-80-64520628 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
2, Nirman Society, Rustom Patel Marg, Near Crossword, Alkapuri,
Vadodara-390005, Gujarat, India |
|
Tel. No.: |
91-265-2350876 / 2320206 |
|
Fax No.: |
91-265-2334990 |
|
E-Mail : |
|
|
|
|
|
Marketing Office : |
104, 10th Floor, GNFC Info-Tower, S. G. Road,
Ahmedabad-380054, Gujarat, India |
|
Tel. No.: |
91-79-26856481 / 82 / 83 |
|
Fax No.: |
91-79-26856484 |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Ajitbhai Champaklal Mehta |
|
Designation : |
Director |
|
Address : |
Ami Jyot, Parimal Society, Ellisbridge, Ahmedabad-380006, Gujarat,
India |
|
Date of Birth/Age : |
17.11.1948 |
|
Date of Appointment : |
28.02.2000 |
|
DIN No.: |
01234707 |
|
|
|
|
Name : |
Mr. Malav Ajitbhai Mehta |
|
Designation : |
Director |
|
Address : |
Ami Jyot, Parimal Society, Ellisbridge, Ahmedabad-380006, Gujarat,
India |
|
Date of Birth/Age : |
07.09.1972 |
|
Date of Appointment : |
31.01.2000 |
|
DIN No.: |
01234736 |
|
PAN No.: |
ACBPM6865G |
|
|
|
|
Name : |
Mr. Maulik Jitendrakumar Chokshi |
|
Designation : |
Director |
|
Address : |
E-1/23, Shanti Nagar, Vejalpur, Ahmedabad-380051, Gujarat, India |
|
Date of Birth/Age : |
31.10.1975 |
|
Date of Appointment : |
31.01.2000 |
|
DIN No.: |
03142763 |
KEY EXECUTIVES
|
Name : |
Mr. M. D. Makwana |
|
Designation : |
General Manager (Finance) |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Malav Ajitbhai Mehta |
|
1 |
|
Ajitbhai C. Mehta |
|
1 |
|
Vishal A. Mehta |
|
1 |
|
Jayshree A. Mehta |
|
1 |
|
Anoli Malav Mehta |
|
1 |
|
Nirali Vishal Mehta |
|
1 |
|
Ajitbhai C. Mehta HUF |
|
1 |
|
Infibeam Incorporation Limited |
|
13499993 |
|
Total |
|
13500000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
%20LIMITED%20-%20310880_MIRA%2009-Mar-2015_files/image014.gif)
BUSINESS DETAILS
|
Line of Business : |
They are into Establishing Satellite Base Communication
Network and its other division is VSAT License Business. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash and Credit |
||||
|
|
|
||||
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
95 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
ICICI Bank, Landmarkrace Cource Circle, Alkapuri, Vadodara- 390015, Gujarat, India
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
Auditors : |
|
|
Name : |
Rajpara Associates Chartered Accountants |
|
Address : |
204, Nirman House, Behind Times of India, Ashram Road,
Ahmedabad-380009, Gujarat, India |
|
Tel. No.: |
91-79-26580827 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAJPR8270Q |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives |
Infinium Motors Private Limited |
|
|
|
|
Associate : |
Infinium Motors (Gujarat) Private Limited |
|
|
|
|
Ultimate Holding
company |
Infibeam Incorporation Limited |
|
|
|
|
Subsidiaries : |
Ing Satcom Limited |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13500000 |
Equity Shares |
Rs.10/- each |
Rs.135.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13500000 |
Equity Shares |
Rs.10/- each |
Rs.135.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
135.000 |
135.000 |
|
(b) Reserves & Surplus |
|
(25.427) |
(25.680) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
18.509 |
|
Total
Shareholders’ Funds (1) + (2) |
|
109.573 |
127.829 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
51.264 |
23.055 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
1.662 |
19.272 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
52.926 |
42.327 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
19.575 |
18.913 |
|
(b) Trade
payables |
|
15.716 |
15.162 |
|
(c) Other
current liabilities |
|
14.052 |
14.634 |
|
(d) Short-term
provisions |
|
1.470 |
2.994 |
|
Total Current
Liabilities (4) |
|
50.813 |
51.703 |
|
|
|
|
|
|
TOTAL |
|
213.312 |
221.859 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
36.778 |
41.808 |
|
(ii)
Intangible Assets |
|
40.083 |
40.233 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
4.243 |
4.243 |
|
(c) Deferred tax assets (net) |
|
1.496 |
1.496 |
|
(d) Long-term Loan and Advances |
|
47.437 |
21.205 |
|
(e) Other
Non-current assets |
|
22.439 |
25.887 |
|
Total Non-Current
Assets |
|
152.476 |
134.872 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.000 |
20.902 |
|
(c) Trade
receivables |
|
36.468 |
49.748 |
|
(d) Cash
and cash equivalents |
|
1.197 |
1.777 |
|
(e)
Short-term loans and advances |
|
16.697 |
12.063 |
|
(f) Other
current assets |
|
6.474 |
2.497 |
|
Total
Current Assets |
|
60.836 |
86.987 |
|
|
|
|
|
|
TOTAL |
|
213.312 |
221.859 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
105.050 |
|
|
2] Share Application Money |
|
|
28.259 |
|
|
3] Reserves & Surplus |
|
|
(11.709) |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
121.600 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
46.494 |
|
|
2] Unsecured Loans |
|
|
70.458 |
|
|
TOTAL BORROWING |
|
|
116.952 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
238.552 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
48.186 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
3.591 |
|
|
DEFERREX TAX ASSETS |
|
|
1.496 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
35.511
|
|
|
Sundry Debtors |
|
|
38.677
|
|
|
Cash & Bank Balances |
|
|
1.889
|
|
|
Other Current Assets |
|
|
125.871
|
|
|
Loans & Advances |
|
|
16.552
|
|
Total
Current Assets |
|
|
218.500
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
20.547
|
|
|
Other Current Liabilities |
|
|
12.917
|
|
|
Provisions |
|
|
2.703
|
|
Total
Current Liabilities |
|
|
36.167
|
|
|
Net Current Assets |
|
|
182.333
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
2.946 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
238.552 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
332.484 |
216.120 |
189.641 |
|
|
|
Interest Income |
0.000 |
0.000 |
0.220 |
|
|
|
No Langer Payable / Receivable A/c |
0.000 |
0.000 |
0.577 |
|
|
|
Other Income |
10.714 |
0.502 |
0.178 |
|
|
|
TOTAL (A) |
343.198 |
216.622 |
190.616 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
278.531 |
|
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
20.902 |
14.609 |
174.851 |
|
|
|
Employees benefits expense |
16.706 |
9.926 |
|
|
|
|
Other expenses |
14.639 |
19.193 |
|
|
|
|
TOTAL (B) |
330.778 |
219.525 |
174.851 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
12.420 |
(2.903) |
15.765 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
6.377 |
4.324 |
6.003 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
6.043 |
(7.227) |
9.762 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.790 |
6.744 |
7.610 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
0.253 |
(13.971) |
2.152 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.748 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
0.253 |
(13.971) |
1.404 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.02 |
(1.04) |
0.13 |
|
%20LIMITED%20-%20310880_MIRA%2009-Mar-2015_files/image003.gif){kind=small}
|
Particulars |
|
31.03.2014 |
31.03.2013 |
|
Sales Turnover (Approximately) |
|
204.000 |
264.000 |
|
|
|
Due to election
projects were delayed |
|
Expected Sales (2014-2015) : Rs.270.000 Million
The above information has been parted by Mr. M D Makwana
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.08 |
(6.46) |
0.74 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
3.74 |
(1.34) |
8.31 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.12 |
(6.46) |
0.80
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
(0.11) |
0.02
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.65 |
0.33 |
0.96
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.20 |
1.68 |
6.04
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
135.000 |
135.000 |
|
Reserves & Surplus |
(25.680) |
(25.427) |
|
Net
worth |
109.320 |
109.573 |
|
|
|
|
|
long-term borrowings |
23.055 |
51.264 |
|
Short term borrowings |
18.913 |
19.575 |
|
Total
borrowings |
41.968 |
70.839 |
|
Debt/Equity
ratio |
0.384 |
0.647 |
%20LIMITED%20-%20310880_MIRA%2009-Mar-2015_files/image016.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
189.641 |
216.120 |
332.484 |
|
|
|
13.963 |
53.842 |
%20LIMITED%20-%20310880_MIRA%2009-Mar-2015_files/image018.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
189.641 |
216.120 |
332.484 |
|
Profit |
1.404 |
(13.971) |
0.253 |
|
|
0.74% |
(6.46%) |
0.08% |
%20LIMITED%20-%20310880_MIRA%2009-Mar-2015_files/image020.gif)
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT: NOT AVAILABLE
|
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 five 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 |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
Yes |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
No |
|
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 |
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Long-term
borrowings |
|
|
|
Other loans and advances |
51.264 |
0.000 |
|
Total |
51.264 |
0.000 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10184671 |
25/09/2009 |
155,000,000.00 |
UNION BANK OF INDIA |
KARAKA BULDING NO. 1, ASHRAM ROAD, ELLISBRIDGE, AHMEDABAD- 380009, GUJARAT, INDIA |
A72917495 |
|
2 |
80033628 |
05/07/2007 * |
90,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, VADODARA- 390015, GUJARAT, INDIA |
A18219931 |
* Date of charge modification
FIXED ASSETS
- Air
Conditioner
- Air Cooler
- Computer
- Drill Machine
- Electronic
Vacuum Cleaner
- Fax Machine
- Furniture and
Fixtures
- Refrigerator
- Motor Car
- Office
Equipments
- Pedestal Fans
- Plants and
Machinery
- Telephone
Instruments
- Vsat Van
- Water Filter
Cum Purifier
- Hub-Gateway
- Building
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 records 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 records 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.62.20 |
|
|
1 |
Rs.94.71 |
|
Euro |
1 |
Rs.68.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
1 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
13 |
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.