MIRA INFORM REPORT
|
Report No. : |
311441 |
|
Report Date : |
10.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
OLIVIA IMPEX PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Premier House, Plot 38, 8th Floor, Central Road, 2nd
Phase Chakala, MIDC, Andheri (East), Mumbai – 400093, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
21.09.2001 |
|
|
|
|
Com. Reg. No.: |
11-133428 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs.12.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH2001PTC133428 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
PAN No.: [Permanent Account No.] |
AAACO4346A |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is primarily engaged in a business segment of trading in soap / soap oils / soap noodles / soap blocks which are used as raw material by the soap manufacturing industry. |
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|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a part of Olivia Group. It is an established company having satisfactory track. As per Registrar of companies the date of balance sheet i.e.
financials filed is shown as 31st March, 2014 but the documents related
to the financials for the year 2013 and 2014 are not available from any
sources. As per available financial of 2012, financial position of the company
seems to be decent. The rating also takes into consideration established position in the
chemicals trading industry, its efficient working capital management and
adequate risk management policies. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. 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 |
CRISIL |
|
Rating |
Long term rating =BBB- |
|
Rating Explanation |
Have moderate degree of safety and carry moderate credit risk. |
|
Date |
06.02.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating = A3+ |
|
Rating Explanation |
Have moderate degree of safety and carry higher credit risk. |
|
Date |
06.02.2014 |
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 DENIED BY
|
Name : |
Ms. Poonam |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-66920111 |
|
Date : |
09.03.2015 |
LOCATIONS
|
Registered Office : |
Premier House, Plot 38, 8th Floor, Central Road, 2nd Phase Chakala, MIDC, Andheri (East), Mumbai – 400093, Maharashtra, India |
|
Tel. No.: |
91-22-66920111/42355000 / 56346872 |
|
Mobile No.: |
91- 9820038560 (Farid Fazal Sabuwala) |
|
Fax No.: |
91-22-28384558/42355055 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.09.2014
|
Name : |
Fazal Alauddin Sabuwala |
|
Designation : |
Director |
|
Address : |
301, Arjuna Tower, Mount Mary Road, Bandra (West), Mumbai - 400050, Maharashtra, India |
|
Date of Birth/Age : |
04.05.1945 |
|
Date of Appointment : |
21.09.2001 |
|
DIN No.: |
00022966 |
|
|
|
|
Name : |
Farid Fazal Sabuwala |
|
Designation : |
Director |
|
Address : |
301, Arjuna Tower, Mount Mary Road, Bandra (West), Mumbai - 400050, Maharashtra, India |
|
Date of Birth/Age : |
27.09.1969 |
|
Date of Appointment : |
21.09.2001 |
|
DIN No.: |
00022993 |
|
|
|
|
Name : |
Shehzaz Fazal Sabuwala |
|
Designation : |
Director |
|
Address : |
301, Arjuna Tower, Mount Mary Road, Bandra (West), Mumbai - 400050, Maharashtra, India |
|
Date of Birth/Age : |
20.11.1949 |
|
Date of Appointment : |
01.04.2004 |
|
DIN No.: |
00023004 |
|
|
|
|
Name : |
Dimple Farid Sabuwala |
|
Designation : |
Director |
|
Address : |
301, Arjuna Tower, Mount Mary Road, Bandra (West), Mumbai - 400050, Maharashtra, India |
|
Date of Birth/Age : |
31.05.1973 |
|
Date of Appointment : |
01.04.2004 |
|
DIN No.: |
00023016 |
KEY EXECUTIVES
|
Name : |
Ms. Poonam |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Fazal
Allaudin Sabuwala |
|
538750 |
|
Farid
Fazal Sabuwala |
|
624310 |
|
Shehnaz
Fazal Sabuwala |
|
86250 |
|
Dimple
Farid Sabuwala |
|
690 |
|
|
|
|
|
Total |
|
1250000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is primarily engaged in a business segment of trading in soap / soap oils / soap noodles / soap blocks which are used as raw material by the soap manufacturing industry. |
|
|
|
|
Brand Names : |
Not Divulged |
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|
Agencies Held : |
Not Divulged |
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|
Exports : |
Not Divulged |
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|
Imports : |
Not Divulged |
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|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
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Facilities : |
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Banking
Relations : |
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Auditors : |
|
|
Name : |
B R Dalal and Company Chartered Accountants |
|
Address : |
B-203/4 Kent Enclave Bldg, R M Bhattad, Marg, Haridas Nagar, Borivali-West, Mumbai-400092, Maharashtra, India |
|
Tel. No.: |
91- |
|
Mobile No.: |
91- |
|
Fax No.: |
91- |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAJPD2929A |
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|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
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|
|
|
Associates: |
Premier Chemicals |
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|
|
|
Related party : |
Dolson International |
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|
|
|
Subsidiary : |
Oleo World FZE |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,500,000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,250,000 |
Equity Shares |
Rs.10/- each |
Rs. 12.500 Million |
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 |
|
12.500 |
12.500 |
|
(b) Reserves &
Surplus |
|
102.261 |
67.388 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
114.761 |
79.888 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
284.272 |
157.045 |
|
(b) Deferred tax liabilities
(Net) |
|
7.751 |
2.032 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
292.023 |
159.077 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
2.164 |
4.317 |
|
(b) Trade payables |
|
350.187 |
188.199 |
|
(c) Other current
liabilities |
|
2.011 |
3.968 |
|
(d) Short-term provisions |
|
34.839 |
23.439 |
|
Total Current Liabilities
(4) |
|
389.201 |
219.923 |
|
|
|
|
|
|
TOTAL |
|
795.985 |
458.888 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
255.329 |
46.915 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
20.990 |
31.874 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
276.319 |
78.789 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
5.807 |
38.632 |
|
(c) Trade receivables |
|
297.324 |
219.226 |
|
(d) Cash and cash
equivalents |
|
167.231 |
80.751 |
|
(e) Short-term loans and
advances |
|
49.304 |
41.490 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
519.666 |
380.099 |
|
|
|
|
|
|
TOTAL |
|
795.985 |
458.888 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
12.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
55.428 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
67.928 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
41.631 |
|
|
2] Unsecured Loans |
|
|
154.189 |
|
|
TOTAL BORROWING |
|
|
195.820 |
|
|
DEFERRED TAX LIABILITIES |
|
|
1.783 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
265.531 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
50.219 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
32.506 |
|
|
DEFERREX TAX ASSETS |
|
|
0.194 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000
|
|
|
Sundry Debtors |
|
|
104.132
|
|
|
Cash & Bank Balances |
|
|
160.949
|
|
|
Other Current Assets |
|
|
1.547
|
|
|
Loans & Advances |
|
|
43.835
|
|
Total
Current Assets |
|
|
310.463
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
90.904
|
|
|
Other Current Liabilities |
|
|
9.758
|
|
|
Provisions |
|
|
27.189
|
|
Total
Current Liabilities |
|
|
127.851
|
|
|
Net Current Assets |
|
|
182.612
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
265.531 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SALES |
|
|
|
|
|
Income |
2157.262 |
1471.484 |
1013.552 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
52.292 |
17.709 |
21.090 |
|
|
|
|
|
|
|
Less |
TAX |
17.419 |
5.750 |
8.314 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
34.873 |
11.959 |
12.776 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
909.598 |
NA |
NA |
|
|
TOTAL EARNINGS |
909.598 |
NA |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
27.90 |
9.57 |
-- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.62 |
0.81 |
1.26 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
2.42 |
1.20 |
2.08 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.75 |
4.15 |
5.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.46 |
0.22 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.50 |
2.02 |
2.88 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
1.73 |
2.43 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
12.500 |
12.500 |
12.500 |
|
Reserves & Surplus |
55.428 |
67.388 |
102.261 |
|
Net worth |
67.928 |
79.888 |
114.761 |
|
|
|
|
|
|
long-term borrowings |
195.820 |
157.045 |
284.272 |
|
Short term borrowings |
0.000 |
4.317 |
2.164 |
|
Total borrowings |
195.820 |
161.362 |
286.436 |
|
Debt/Equity ratio |
2.883 |
2.020 |
2.496 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
1013.552 |
1471.484 |
2157.262 |
|
|
|
45.181 |
46.605 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
1013.552 |
1471.484 |
2157.262 |
|
Profit |
12.776 |
11.959 |
34.873 |
|
|
1.26% |
0.81% |
1.62% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Million) |
||
|
Current maturities of long-term debt |
0.611 |
0.000 |
NA
|
|
|
|
|
|
|
Total |
0.611 |
0.000 |
NA
|
|
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 |
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 |
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 |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOAN
|
PARTICULARS |
31.03.2012 (Rs.
in Million) |
31.03.2011 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from directors |
270.878 |
152.398 |
|
Loans and advances from others |
0.000 |
2.909 |
|
Total |
270.878 |
155.307 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10548143 |
10/02/2015 |
10,100,000.00 |
DBS BANK LTD |
2ND FLOOR, SHRI AMBICA AUTO, PLOT NO.10, GIDC BHA |
C43039346 |
|
2 |
10310143 |
28/09/2011 |
18,000,000.00 |
STANDARD CHARTERED BANK |
STANDARD CHARTERED TOWER, 201, B/1, WESTERN EXPRE |
B22529713 |
|
3 |
10310161 |
19/09/2011 |
100,000,000.00 |
STANDARD CHARTERED BANK |
STANDARD CHARTERED TOWER, 201, B/1, WESTERN EXPRE |
B22534440 |
|
4 |
10252072 |
29/10/2010 |
340,000,000.00 |
STANDARD CHARTERED BANK |
SME CREDIT, 23-25, M G ROAD,, FORT, MUMBAI, MAHAR |
A98873508 |
|
5 |
10124685 |
26/03/2014 * |
270,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJ |
C03870292 |
|
6 |
10109033 |
14/12/2007 |
41,100,000.00 |
GE MONEY HOUSING FINANCE (A PUBLIC COMPANY WITH UN |
401-402 4TH FLOORAGGARWAL MILLENIUM TOWER, E1-2-3 |
A28194934 |
|
7 |
90150993 |
03/01/2007 * |
165,000,000.00 |
BANK OF INDIA |
ANDHERI (WEST) BRANCH , MDI BUILDING ,, S V ROAD |
* Date of charge modification
OPERATING RESULTS
During the year the Company has achieved a turnover of Rs. 2157.262 Million as against Rs. 1471.484 Million for the previous year and earned profit before tax of Rs. 52.292 Million as against profit of Rs. 17.709 Million for the previous year. Their Margin has increased considerably on account of improved markets and increased in the turnover. The Directors expects to continue the same trend in the current year.
SUBSIDIARY COMPANY
During the year the company has formed Wholly Owned Subsidiary namely OLEO WORLD FZE at Dubai. The company has invested a sum of Rs.20.990 Million by way of Equity and Loans. They have pleasure in informing that the company has achieved a turnover of Rs.1427.677 Million and profit of Rs.82.955 Million in the second year itself.
SEGMENT REPORTING
The Company is primarily engaged in a single business segment of trading in soap / soap oils / soap noodles / soap blocks which are used as raw material by the soap manufacturing industry.
FIXED ASSETS
- Buildings
- Office building
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
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 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.62.62 |
|
|
1 |
Rs.94.3.9 |
|
Euro |
1 |
Rs.67.96 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.