MIRA INFORM REPORT
|
Report No. : |
311198 |
|
Report Date : |
13.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
ALFA PEB LIMITED |
|
|
|
|
Registered
Office : |
Ground Floor, 44/1, Narasimharaja Road, Bangalore – 560002, Karnataka |
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Country : |
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Financials (as
on) : |
31.03.2013 (Partnership Firm) |
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Date of
Incorporation : |
03.10.2013 |
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|
|
|
Com. Reg. No.: |
08-071255 |
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Capital
Investment / Paid-up Capital : |
Rs.58.792 Million (Partnership Firm) |
|
|
|
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CIN No.: [Company Identification
No.] |
U28910KA2013PLC071255 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRA19505D |
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|
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PAN No.: [Permanent Account No.] |
AAMCA4282H |
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|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of roofing sheet etc. |
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|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Unknown |
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|
Litigation : |
Clear |
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|
Comments : |
Subject is a successor of partnership concern started in the year
2007, formed under part IX of the companies act of 1956 by entering into a
take over agreement between the subject and erstwhile concern; after while
the entire business of the partnership concern along with the all its assets
and liabilities is acquired by the subject as on October 03, 2013. Management has failed to file any financials of the subject, with the
statutory authorities. As per available financial of the erstwhile partnership concern, the
management has reported a slight working capital intensive operations along
with low profit margin during FY13. However, trade relations may improve. Business is active. Payment
terms are unknown. In view of lack of any latest requisite information, the company can
be considered for business dealings with caution. |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Sheshadari |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9578362666 |
|
Date : |
09.03.2015 |
LOCATIONS
|
Registered Office : |
Ground Floor, 44/1, Narasimharaja Road, Bangalore – 560002, Karnataka,
India |
|
Tel. No.: |
91-4347229400 |
|
Mobile No.: |
91-9578362666 (Mr. Sheshadari) |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
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|
|
|
|
Corporate Office : |
No.65/9-10, 1st Floor, N. R. Road, Bangalore – 560002,
Karnataka, India |
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|
|
|
Branch Office 1 : |
F7, First Floor, Alsa Mall, 149, Montieth Road, Chennai - 600008, Tamilnadu India |
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|
|
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Branch Office 2 : |
Shed No. 1- 6 - 46 / 1, Muttam Reddy Estate, Near - Yadamma Nagar - Kanajiguda, Thirumalgiri - Secunderabad - 500015, Telangana, India |
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|
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Branch Office 3 : |
33/2363 A, Geethanjali Junction, Geethanjali Road, Vytyla, Ernakulam, Kochi - 682019, Kerala, India |
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|
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Factory 1 : |
Kalukondapalli Village, Talli Road, Krishnagiri District, Hosur, India |
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|
|
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Factory 2 : |
Gat No.262, Alandiphata, Opp-Hotel Gandharv, Nanekarwadi, Chakan, Pune - 410501, Maharashtra, India |
DIRECTORS
|
Name : |
Mr. Manav Paruthi |
|
Designation : |
Managing Director |
|
Address : |
No.16, 35th Main, Dollars Colony, BTM Layout, 1st Stage, Bangalore - 560068, Karnataka, India |
|
Date of Birth/Age : |
21.06.1978 |
|
Date of Appointment : |
03.10.2013 |
|
DIN No.: |
01688698 |
|
|
|
|
Name : |
Mr. Misha Paruthi |
|
Designation : |
Director |
|
Address : |
No.16, 35th Main, Dollars Colony, BTM Layout, 1st Stage, Bangalore - 560068, Karnataka, India |
|
Date of Birth/Age : |
16.06.1981 |
|
Date of Appointment : |
03.10.2013 |
|
DIN No.: |
01548047 |
|
|
|
|
Name : |
Mr. Monty Paruthi |
|
Designation : |
Director |
|
Address : |
No.1303, 24th Cross, 28th Main, Banashankari 2nd Stage, Bangalore - 560070, Karnataka, India |
|
Date of Birth/Age : |
26.01.1980 |
|
Date of Appointment : |
03.10.2013 |
|
DIN No.: |
01596664 |
KEY EXECUTIVES
|
Name : |
Mr. Sheshandari |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Manav Paruthi |
291600 |
59.51 |
|
Monty Paruthi |
145800 |
29.76 |
|
Misha Paruthi |
48600 |
9.92 |
|
Raju Paruthi |
1000 |
0.20 |
|
Neetu Paruthi |
1000 |
0.20 |
|
Aarti Paruthi |
1000 |
0.20 |
|
Rishi Kumar |
1000 |
0.20 |
|
|
|
|
|
Total |
490000 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of roofing sheet etc. |
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|
|
|
Products : |
Roofing Sheet |
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|
|
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Brand Names : |
Not Divulged |
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|
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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 : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
ICICI Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
R H H P and Associates Chartered Accountants |
|
Address : |
Nandanam, 400/75/2, Sunrise Villas, Off Outer Ring Road, Bellandur,
Bangalore – 560103, Karnataka, India |
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E-Mail : |
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|
PAN No.: |
AAFFR1243P |
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Membership : |
-- |
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|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs.50.000 Million |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
490000 |
Equity Shares |
Rs.100/- each |
Rs.49.000 Million |
|
|
|
|
|
AS ON 31.03.2013
PARTNERS’ ACCOUNT
(Rs. In Million)
|
Particulars |
Manav Paruthi |
Monty Paruthi |
Misha Paruthi |
Raju Paruthi |
Neetu Paruthi |
Aarthi Paruthi |
Rishi Kumar |
Total |
|
Opening Balance |
24.436 |
14.917 |
10.286 |
-- |
-- |
-- |
-- |
46.639 |
|
Add: Additions |
|
|
|
|
|
|
|
|
|
Capital |
-- |
-- |
-- |
0.100 |
0.100 |
0.100 |
0.100 |
0.400 |
|
Salary |
3.240 |
1.620 |
0.540 |
-- |
-- |
-- |
-- |
5.400 |
|
Interest |
2.932 |
1.790 |
1.234 |
-- |
-- |
-- |
-- |
5.956 |
|
Net Profit |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Total |
30.608 |
18.327 |
12.060 |
0.100 |
0.100 |
0.100 |
0.100 |
61.395 |
|
Less: Drawings |
1.367 |
1.006 |
0.230 |
-- |
-- |
-- |
-- |
2.603 |
|
TOTAL |
29.241 |
17.321 |
11.830 |
0.100 |
0.100 |
0.100 |
0.100 |
58.792 |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
ALFA PEB
(PARTNERSHIP FIRM)
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
58.792 |
49.639 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
8.280 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
67.072 |
49.639 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
70.981 |
82.733 |
|
|
2] Unsecured Loans |
|
36.305 |
23.045 |
|
|
TOTAL BORROWING |
|
107.286 |
105.778 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
|
174.358 |
155.417 |
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
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|
FIXED ASSETS [Net Block] |
|
89.739 |
82.413 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
97.858 |
94.229 |
|
|
Sundry Debtors |
|
96.847 |
78.183 |
|
|
Cash & Bank Balances |
|
6.460 |
14.393 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
44.094 |
64.819 |
|
Total
Current Assets |
|
245.259 |
251.624 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
0.000 |
0.000 |
|
|
Other Current Liabilities |
|
160.640 |
178.620 |
|
|
Provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities |
|
160.640 |
178.620 |
|
|
Net Current Assets |
|
84.619 |
73.004 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
174.358 |
155.417 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
937.893 |
893.043 |
|
|
|
Other Income |
|
24.994 |
18.001 |
|
|
|
TOTAL (A) |
|
962.887 |
911.044 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption of raw materials |
|
800.313 |
789.234 |
|
|
|
Manufacturing expenses |
|
26.197 |
28.260 |
|
|
|
Decrease / Increase in finished goods |
|
17.450 |
-4.854 |
|
|
|
Administrative & Selling expenses |
|
30.348 |
24.556 |
|
|
|
Remuneration & other employee benefits |
|
25.747 |
22.142 |
|
|
|
Prior period expenses |
|
0.042 |
0.100 |
|
|
|
TOTAL (B) |
|
900.097 |
859.438 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
62.790 |
51.606 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
26.240 |
24.942 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
36.550 |
26.664 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
|
16.913 |
12.287 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
|
19.637 |
14.377 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
11.357 |
8.459 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
|
8.280 |
5.918 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
|
0.88 |
0.66 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
|
6.69 |
5.78 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
|
5.86 |
4.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.29 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
|
1.60 |
2.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.53 |
1.41 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2012 |
31.03.2013 |
|
|
|
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
|
49.639 |
58.792 |
|
Reserves & Surplus |
|
0.000 |
8.280 |
|
Net
worth |
|
49.639 |
67.072 |
|
|
|
|
|
|
Secured Loans |
|
82.733 |
70.981 |
|
Unsecured Loans |
|
23.045 |
36.305 |
|
Total
borrowings |
|
105.778 |
107.286 |
|
Debt/Equity
ratio |
|
2.131 |
1.600 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
|
31.03.2012 |
31.03.2013 |
|
|
|
Rs.
In Million |
Rs.
In Million |
|
Sales |
|
893.043 |
937.893 |
|
|
|
|
5.022 |
NET PROFIT MARGIN
|
Net
Profit Margin |
|
31.03.2012 |
31.03.2013 |
|
|
|
Rs.
In Million |
Rs.
In Million |
|
Sales
|
|
893.043 |
937.893 |
|
Profit |
|
5.918 |
8.280 |
|
|
|
0.66% |
0.88% |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
two years |
Yes |
|
12] |
Profitability for last
two 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 |
No |
|
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 |
No |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Million |
31.03.2012 Rs. In Million |
|
|
|
|
|
Long term |
36.305 |
15.320 |
|
Short term |
0.000 |
7.725 |
|
|
|
|
|
Total |
36.305 |
23.045 |
NOTE: Registered office
address of the company has been shifted from No. 14/3, Andree Road, Shanthi
Nagar,
Bangalore - 560027, Karnataka, India to the present address w.e.f.
07.04.2014
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10532205 |
31/10/2014 |
700,000.00 |
ICICI Bank Ltd |
No.4/10,Mythri Centre, Housur Main Road, Bommanahalli, Bangalore, Karnataka - 560068, India |
C34227439 |
|
2 |
10524912 |
30/06/2014 |
40,000,000.00 |
Reliance Capital Ltd |
"H" Block 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai, Maharashtra - 400710, India |
C28625986 |
|
3 |
10500618 |
24/03/2014 |
1,137,326.00 |
ICICI Bank Limited |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
C05408562 |
FIXED ASSETS:
·
Furniture and Fixture
·
Air Condition
·
Aqua Guard
·
Car
·
Mobile Set
·
Office Equipment
·
Plant and Machinery
·
Tools and Equipment
·
Telephones
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.62.57 |
|
|
1 |
Rs.93.57 |
|
Euro |
1 |
Rs.65.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
31 |
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.