MIRA INFORM REPORT
|
Report No. : |
319792 |
|
Report Date : |
02.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
MEHRU ELECTRICAL AND MECHANICAL ENGINEERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
E-1247, RIICO Industrial Area, Phase-1 (Ext.), Bhiwadi,
District Alwar - 301019, Rajasthan |
|
Tel. No.: |
91-1493-222010, 225412, 221748 |
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|
Country : |
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|
Financials (as
on) : |
31.03.2014 |
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|
|
Date of
Incorporation : |
13.10.1995 |
|
|
|
|
Com. Reg. No.: |
17-010898 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.250 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299RJ1995PTC010898 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM2145G |
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|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
The company is engaged in manufacturing of Instrument Transformer and Wind Power. |
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|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1630000 |
|
|
|
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments 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.
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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term Rating = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
04.04.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
04.04.2014 |
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 : |
Mr. Mandeep Sharma |
|
Designation : |
Director |
|
Contact No.: |
91-9810188640 |
|
Date : |
29.04.2015 |
LOCATIONS
|
Registered Office/Factory 1 : |
E-1247, RIICO Industrial Area, Phase-1 (Ext.), Bhiwadi, District Alwar - 301019, Rajasthan, India |
|
Tel. No.: |
91-1493-225412 / 221748 / 222010 |
|
Mobile No.: |
91-9810188640 (Mr. Mandeep Sharma) |
|
Fax No.: |
91-1493-222212 |
|
E-Mail : |
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|
Website : |
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|
|
|
Factory 2 : |
SP -
2/180, RIICO Industrial Area, Kehrani, Bhiwadi, District
Alwar– 301019, Rajasthan, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Sudhir Prakash Sharma |
|
Designation : |
Managing Director |
|
Address : |
1-41, South City-1, Gurgaon - 122002, Haryana, India |
|
Date of Birth/Age : |
10.03.1945 |
|
Date of Appointment : |
13.10.1995 |
|
PAN No.: |
ABXPS6953J |
|
DIN No.: |
00472936 |
|
|
|
|
Name : |
Mr. Mandeep Prakash Sharma |
|
Designation : |
Director |
|
Address : |
F-36, Green Wood City, Gurgaon – 122102, Haryana, India |
|
Date of Birth/Age : |
11.08.1975 |
|
Date of Appointment : |
13.10.1995 |
|
PAN No.: |
ACJPS6465N |
|
DIN No.: |
00473218 |
|
|
|
|
Name : |
Mrs. Asha Sharma |
|
Designation : |
Director |
|
Address : |
I – 41, South City, Gurgaon – 122102, Haryana, India |
|
Date of Birth/Age : |
09.09.1949 |
|
Date of Appointment : |
13.10.1995 |
|
PAN No.: |
ABXPS6962K |
|
DIN No.: |
00473240 |
|
|
|
|
Name : |
Mrs. Monika Sharma |
|
Designation : |
Director |
|
Address : |
I – 41, South City, Gurgaon – 122102, Haryana, India |
|
Date of Birth/Age : |
18.02.1975 |
|
Date of Appointment : |
29.09.2001 |
|
DIN No.: |
01495213 |
|
|
|
|
Name : |
Mr. Sandeep Prakash Sharma |
|
Designation : |
Director |
|
Address : |
I – 41, South City, Gurgaon – 122102, Haryana, India |
|
Date of Birth/Age : |
23.04.1973 |
|
Date of Appointment : |
13.09.1995 |
|
PAN No.: |
ACJPS6466R |
|
DIN No.: |
02427900 |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Sudhir Prakash Sharma |
542500 |
52.93 |
|
Asha Sharma |
99990 |
9.76 |
|
Sandeep Prakash Sharma |
210000 |
20.49 |
|
Mandeep Prakash Sharma |
100010 |
9.76 |
|
Monika Sharma |
72500 |
7.07 |
|
Total |
1025000 |
100.00 |
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 engaged in manufacturing of Instrument Transformer and Wind Power. |
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|
Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
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Purchasing : |
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PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by management |
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Bankers : |
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Facilities : |
NOTE : Long Term
Borrowings Nature of Security of Term Loan from Bank and Financial institution: (1) Against Ist Charge by way of equitable mortage of Land and Building situated at plot No SP2-180, Indl.Area Kahrani-Bhiwadi (2) Vehicle loans from Banks are secured by hypothecation of respective vehicles. Short Term
Borrowings Nature of Security of Short Term Borrowings: 1. (1) Hypothecation by way of first pari passu charge on all the stock and book debts and movable plant and machinery of the company both present and future. (2) Against 1st Charge by way of equitable mortage of Land and Building situated at plot No E-1247, RIICO Indl.Area Phase -1 Ext. Ghatal -Bhiwadi 2. (1) Hypothecation by way of pari passu charge on all the present and future current assets of stock of RM , semi finished and Finished goods of transformers and book debts . (2) Against Ist Charge by way of equitable mortage of Land & Building situated at plot No E-373, Indl. Area -Bhiwadi 3. (1) Hypothecation by way of pari passu charge on all the current assets and Movable Fixed Assets ( both present and future.) (2) Second Charge of Immovable Property located at SP2/180, RIICO Industrial Area Bhiwadi Extension , Rajasthan |
|
Auditors : |
|
|
Name : |
S. Singhal and Company Chartered Accountants |
|
Address : |
E-127, Industrial Area, Bhiwadi, District Alwar – 301019, Rajasthan,
India |
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PAN No.: |
AAFFS2873Q |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,250,000 |
Equity Shares |
Rs.10/- each |
Rs.12.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,025,000 |
Equity Shares |
Rs.10/- each |
Rs.10.250 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 |
10.250 |
10.250 |
10.250 |
|
(b) Reserves & Surplus |
558.819 |
496.987 |
407.382 |
|
(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) |
569.069 |
507.237 |
417.632 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
16.043 |
32.214 |
46.010 |
|
(b) Deferred tax liabilities (Net) |
20.972 |
19.570 |
18.154 |
|
(c) Other long term
liabilities |
0.709 |
1.400 |
3.836 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
37.724 |
53.184 |
68.000 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short
term borrowings |
272.404 |
199.868 |
193.523 |
|
(b) Trade
payables |
255.174 |
182.477 |
308.213 |
|
(c) Other
current liabilities |
34.476 |
40.504 |
37.162 |
|
(d) Short-term
provisions |
36.468 |
46.001 |
38.508 |
|
Total Current
Liabilities (4) |
598.522 |
468.850 |
577.406 |
|
|
|
|
|
|
TOTAL |
1205.315 |
1029.271 |
1063.038 |
|
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|
|
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|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
277.152 |
280.310 |
277.456 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
2.183 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.020 |
0.020 |
0.020 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
19.719 |
14.445 |
17.702 |
|
(e) Other Non-current
assets |
4.692 |
3.284 |
4.350 |
|
Total Non-Current
Assets |
301.583 |
300.242 |
299.528 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
285.909 |
202.049 |
190.342 |
|
(c) Trade
receivables |
475.321 |
350.673 |
450.979 |
|
(d) Cash
and cash equivalents |
61.189 |
89.291 |
50.003 |
|
(e)
Short-term loans and advances |
63.490 |
74.519 |
62.382 |
|
(f) Other
current assets |
17.823 |
12.497 |
9.804 |
|
Total
Current Assets |
903.732 |
729.029 |
763.510 |
|
|
|
|
|
|
TOTAL |
1205.315 |
1029.271 |
1063.038 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
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|
SALES |
|
|
|
|
|
|
|
|
1109.232 |
1124.842 [Gross
Sales] |
|
|
|
Other Income |
|
|
NA |
|
|
|
TOTAL INCOME |
1099.368 |
1109.232 |
NA |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
989.946 |
958.278 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
109.422 |
150.954 |
140.354 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
17.724 |
18.780 |
18.775 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
91.698 |
132.174 |
121.579 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
29.866 |
42.569 |
39.368 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
61.832 |
89.605 |
82.211 |
|
|
|
|
|
|
|
|
|
Less/ Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
482.737 |
393.132 |
313.789 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Income tax of earlier year |
0.000 |
0.000 |
2.868 |
|
|
BALANCE CARRIED
TO THE B/S |
544.569 |
482.737 |
393.132 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
43.438 |
6.224 |
8.211 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
10.474 |
2.289 |
2.267 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
60.32 |
87.42 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.61 |
12.87 |
11.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
0.26 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.51 |
0.46 |
0.57 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.51 |
1.55 |
1.32 |
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 |
10.250 |
10.250 |
10.250 |
|
Reserves & Surplus |
407.382 |
496.987 |
558.819 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
417.632 |
507.237 |
569.069 |
|
|
|
|
|
|
long-term borrowings |
46.010 |
32.214 |
16.043 |
|
Short term borrowings |
193.523 |
199.868 |
272.404 |
|
Total borrowings |
239.533 |
232.082 |
288.447 |
|
Debt/Equity ratio |
0.574 |
0.458 |
0.507 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
|
31.03.2013 |
31.03.2014 |
|
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
|
1109.232 |
1099.368 |
|
|
|
(0.889) |
NET PROFIT MARGIN
|
Net Profit Margin |
|
31.03.2013 |
31.03.2014 |
|
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
|
1109.232 |
1099.368 |
|
Profit |
|
89.605 |
61.832 |
|
|
|
8.08% |
5.62% |
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
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 |
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 |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS:
|
PARTICULARS |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Loans and
advances from related parties |
1.014 |
1.014 |
|
Other loans and
advances |
5.720 |
8.576 |
|
Total |
6.734 |
9.590 |
CONTINGENT
LIABILITIES (TO THE EXTENT NOT PROVIDED FOR)
|
PARTICULARS |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Bank Guarantees |
208.114 |
200.837 |
|
Claims against the company not acknowledged as debt |
|
|
|
- Income Tax (Under Protest Deposited) |
4.086 |
4.086 |
|
Total |
212.2 |
204.923 |
INDEX OF CHARGE:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10378147 |
27/06/2014 * |
150,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. |
C11320975 |
|
2 |
10265802 |
13/12/2013 * |
410,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B94653813 |
|
3 |
10182007 |
14/11/2011 * |
165,000,000.00 |
ING VYSYA BANK LIMITED |
NARIAN MANZIL,GROUND FLOOR,SHOP NO. G1 TO G5,, I |
B27348507 |
|
4 |
10107794 |
13/12/2013 * |
350,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B94656261 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and machinery
·
Furniture and Fixture
·
Computer
·
Vehicles
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.63.20 |
|
|
1 |
Rs.97.01 |
|
Euro |
1 |
Rs.69.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
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 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
45 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major sections
of this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NB |
NEW BUSINESS |
||
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.