MIRA INFORM REPORT
|
Report No. : |
320746 |
|
Report Date : |
07.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
ANUPAM RASAYAN
INDIA LIMITED |
|
|
|
|
Registered
Office : |
8110, GIDC Industrial Estate, Sachin, District Surat – 394230, Gujarat |
|
Tel. No.: |
91-261-2398991 / 2398993 / 94 / 95 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
30.09.2003 |
|
|
|
|
Com. Reg. No.: |
04-042988 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 100.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231GJ2003PLC042988 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
SRTA01589A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA4575D |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Specialty Chemicals. |
|
|
|
|
No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
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|
|
Comments : |
Subject is an established company having satisfactory track record. The rating reflect ARIL’s established position in the specialty chemicals
business, supported by sound financial base and adequate profitability
margins of the company. Trade relations are 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk, |
|
Date |
23.06.2014 |
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 PARTED BY
|
Name : |
Mr. Afzal Malkani |
|
Designation : |
CEO |
|
Contact No.: |
91-9825242548 |
|
Date : |
02.05.2015 |
LOCATIONS
|
Registered Office/Factory 1 : |
Plot No.8110, GIDC Industrial Estate, Sachin, District Surat – 394230,
Gujarat, India |
|
Tel. No.: |
91-261-2398991 / 2398993 / 94 / 95 |
|
Mobile No.: |
91-9825123708 (Mr. Anand) |
|
Fax No.: |
91-261-2398996 / 2475709 |
|
E-Mail : |
anand@anupanrasayan.com office@anupamrasayan.com exports@anupamrasayan.com afzalmalkani@gmail.com |
|
Website : |
http://www.anupamrasayan.com |
|
Area : |
9000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
No. 2-701 GIDC, Sachin, Surat- 394230, Gujarat, India |
|
Area : |
6000 sq. ft. |
|
Location : |
Owned |
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Anand Sureshchandra Desai |
|
Designation : |
Managing Director |
|
Address : |
5, Janata Nagar Society, Opposite Kapadia Health Club, Bhatar Road,
Surat- 395003, Gujarat, India |
|
Date of Birth/Age : |
12.12.1973 |
|
Qualification : |
B.Sc., PG5DBA |
|
Date of Appointment : |
21.01.201 |
|
PAN No.: |
AARPD9122D |
|
DIN No.: |
00038442 |
|
|
|
|
Name : |
Mrs. Mona Anandbhai Desai |
|
Designation : |
Director |
|
Address : |
5, Janatanagar Society, Opposite Kapadia Health Club, Bhatar, Surat –
395007, Gujarat, India |
|
Date of Birth/Age : |
12.10.1975 |
|
Qualification : |
B.Sc. |
|
Date of Appointment : |
21.01.2015 |
|
Pan No.: |
ACRPK0630K |
|
DIN No.: |
00038429 |
|
|
|
|
Name : |
Mr. Akhil Milan Thakkar |
|
Designation : |
Director |
|
Address : |
7, Lowswood Close, Northwood Middlesex,
HA6'2XE, UK, 395007 |
|
Date of Birth/Age : |
04.10.1990 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
06529626 |
|
|
|
|
Name : |
Mrs. Usha Nanavati |
|
Designation : |
Director |
|
Address : |
Arunodaya, Sarojini Road, Vileparle,
Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
30.12.1960 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
00291795 |
|
|
|
|
Name : |
Mr. Rakesh Ramesh Shah |
|
Designation : |
Director |
|
Address : |
A-9, 3rd Floor, Model Town - 1,Delhi - 110009, Delhi, India |
|
Date of Birth/Age : |
03.01.1963 |
|
Date of Appointment : |
29.09.2014 |
|
DIN No.: |
06797377 |
KEY EXECUTIVES
|
Name : |
Ms. Suchi Satish Agarwal |
|
Designation : |
Secretary |
|
Address : |
C-2/911, Shyamvatika
Apartment, Dumbhal Road, Parvat Patia,
Surat-395010, Gujarat, India |
|
Date of Birth/Age : |
26.11.1984 |
|
Date of Appointment : |
01.07.2013 |
|
PAN No.: |
ALEPA6506E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
|
Names of Shareholders |
No. of Shares |
|
Anand Desai |
2254688 |
|
Mona Desai |
828125 |
|
Bharatkumar Desai |
78125 |
|
Rehash Industrial and Resin |
1062500 |
|
Shraddha anand desai |
1729687 |
|
Akhil Thakkar |
4000000 |
|
Panna Vaidhya |
46875 |
|
|
|
|
Total |
10000000 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
10.62 |
|
Directors or relatives of Directors |
89.38 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Specialty Chemicals |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cheque, Credit |
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Purchasing : |
Cheque, Credit |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users and OEM’s
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No. of Employees : |
400 (Approximately) |
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Bankers : |
Tel No.: 91-261-23434715 · Yes Bank Limited, Surat, Gujarat, India · Standard Chartered Bank, Surat, Gujarat, India
|
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Facilities : |
(Rs.
In Millions)
Notes: Long Term
Borrowing: Bank of India - Corporate Loan - 96461 - Rs. 11.653 Million HDFC Bank
Rs. 150.000 Million - Rs. 120.000 Million SCB - Rs. 20.000 Million SCB - Rs.
226.504 Million Short Term
Borrowing: Bank of India - CC - Rs. 26.290 Million Bank of India - Export Packing
Credit - Rs. 177.288 Million HDFC - EPC
Credit - Rs. 103.869 Million SCB - Packing Credit - Rs. 232.883
Million Yes Bank - EPC Credit - Rs 97.022 Million |
|
Auditors : |
|
|
Name : |
Natvarlal Vepari and Company Chartered Accountants |
|
Address : |
1st Floor, River Palace – II, Near Navdi Ovara, Nanpura, Surat –
395001, Gujarat, India |
|
Tel. No.: |
91-261-3057777/ 2465585 |
|
Fax No.: |
91-261-3995511 |
|
E-Mail : |
vepari@youtele.com |
|
PAN No.: |
AADFN5448E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary/Associates: |
Not Available |
CAPITAL STRUCTURE
As on 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000
Million |
|
|
|
|
|
As on 29.09.2014
Authorised Capital: Rs. 500.000 Million
Issued, Subscribed & Paid-up Capital: Rs. 500.000
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 |
100.000 |
100.000 |
100.000 |
|
(b) Reserves & Surplus |
611.978 |
427.471 |
318.772 |
|
(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) |
711.978 |
527.471 |
418.772 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
378.157 |
105.130 |
96.469 |
|
(b) Deferred tax liabilities (Net) |
52.555 |
38.659 |
38.171 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
430.712 |
143.789 |
134.640 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
687.351 |
631.177 |
524.940 |
|
(b) Trade
payables |
187.487 |
128.778 |
156.431 |
|
(c) Other
current liabilities |
148.575 |
76.315 |
60.622 |
|
(d) Short-term
provisions |
8.148 |
4.989 |
12.443 |
|
Total Current
Liabilities (4) |
1031.561 |
841.259 |
754.436 |
|
|
|
|
|
|
TOTAL |
2174.251 |
1512.519 |
1307.848 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
0.000 |
0.000 |
0.000 |
|
(ii)
Intangible Assets |
903.830 |
561.183 |
478.674 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
6.448 |
9.261 |
5.083 |
|
(b) Non-current Investments |
1.271 |
14.453 |
14.453 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.771 |
6.648 |
0.000 |
|
(e) Other
Non-current assets |
19.161 |
11.714 |
5.237 |
|
Total Non-Current
Assets |
931.481 |
603.259 |
503.447 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
507.658 |
539.166 |
532.275 |
|
(c) Trade
receivables |
297.537 |
251.484 |
198.557 |
|
(d) Cash and
cash equivalents |
254.654 |
9.77 |
10.561 |
|
(e)
Short-term loans and advances |
179.573 |
105.749 |
60.867 |
|
(f) Other
current assets |
3.348 |
3.091 |
2.141 |
|
Total
Current Assets |
1242.770 |
909.260 |
804.401 |
|
|
|
|
|
|
TOTAL |
2174.251 |
1512.519 |
1307.848 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2276.154 |
1493.076 |
1284.914 |
|
|
|
Other Income |
15.957 |
0.814 |
0.897 |
|
|
|
TOTAL |
2292.111 |
1493.890 |
1285.811 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1197.726 |
704.966 |
792.250 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
13.864 |
26.517 |
(108.665) |
|
|
|
Employees benefits expense |
52.321 |
20.416 |
37.148 |
|
|
|
Other expenses |
522.655 |
365.181 |
298.103 |
|
|
|
TOTAL
(B) |
1786.566 |
1117.080 |
1018.836 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
505.545 |
376.810 |
266.975 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
219.435 |
192.126 |
106.984 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
286.110 |
184.684 |
159.991 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
45.207 |
35.974 |
32.310 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
240.903 |
148.710 |
127.681 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
56.396 |
40.011 |
37.333 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
184.507 |
108.699 |
90.348 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
427.481 |
318.782 |
228.423 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
611.990 |
427.481 |
318.782 |
|
|
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
|
F.O.B. Value of Exports |
1859.545 |
N.A |
N.A |
|
|
|
TOTAL
EARNINGS |
1859.545 |
N.A |
N.A |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
179.106 |
179.106 |
319.201 |
|
|
TOTAL IMPORTS |
179.106 |
179.106 |
319.201 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
18.45 |
10.86 |
9.03 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
2730.000 |
|
|
|
|
|
The above information has been
parted by Mr. Afzal Malkani
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin (PAT/Sales) |
(%) |
8.11 |
7.28 |
7.03 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
22.21 |
25.24 |
20.78 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.12 |
9.99 |
9.91 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33 |
0.28 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.59 |
1.40 |
1.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.20 |
1.08 |
1.07 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
100.000 |
100.000 |
100.000 |
|
Reserves & Surplus |
318.772 |
427.471 |
611.978 |
|
Net
worth |
418.772 |
527.471 |
711.978 |
|
|
|
|
|
|
long-term borrowings |
96.469 |
105.130 |
378.157 |
|
Short term borrowings |
524.940 |
631.177 |
687.351 |
|
Total
borrowings |
621.409 |
736.307 |
1065.508 |
|
Debt/Equity
ratio |
1.484 |
1.396 |
1.497 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1284.914 |
1493.076 |
2276.154 |
|
|
|
16.200 |
52.447 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1284.914 |
1493.076 |
2276.154 |
|
Profit |
90.348 |
108.699 |
184.507 |
|
|
7.03% |
7.28% |
8.11% |
LOCAL AGENCY FURTHER INFORMATION
Current Maturity
of Long Term Debt Details:
(Rs.
In Million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturity of Long Term Debt |
120.421 |
62.171 |
47.692 |
|
|
|
|
|
|
Total |
120.421 |
62.171 |
47.692 |
|
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 |
Yes |
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
Long Term
Borrowing |
|
|
|
Loan and Advances from related parties |
0.000 |
18.858 |
|
Short Term
Borrowing |
|
|
|
Loans repayable on demand from banks |
50.000 |
48.992 |
|
|
|
|
|
Total |
50.000 |
67.850 |
Notes:
PERFORMANCE:
During The year, Revenue of Company has grown
to Rs. 2284.939 Million Compared to Rs. 1493.076 Million (YoY). During the
year, Company has earned net profit of Rs. 184.507 Million compared to Rs.
108.699 Million (YoY). During the period under review, Revenue grew 53% (YoY)
and Net Profit grew 70% (YoY).
The overall business environment for export
led chemical industry has remained buoyant and devaluation in Rs. Against other
currency has improved the competitiveness of the company. The Company has
emphasized on product quality in its diversified product portfolio, improving
operational efficacy, inclusion of new product in product mix and reduction in
wastage to improve its sales and profitability margin. the directors are
confident that Company will maximum the wealth of its valued shareholders with
constant efforts to maintain its growth and profitability.
FUTURE OUTLOOK:
The company’s performance will improve
substantially with good export orders position on hand. The company is having
ISO 9001 and ISO 1400 Certificate and star export house status. Looking to the
continuous control over the quality and in house R and D, the directors are
confident that there is good growth potential for the company in the domestic
market as well as in export front company has achieved good turnover. the
directors hope relentless commitment of the company towards productivity,
efficiency and control over the cost will result in better performance of the
company and increasing reward to the shareholders of the company in the future
year.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10331228 |
25/07/2014 * |
1,197,200,000.00 |
Bank of India |
Surat MID Corporate Branch,, BOI Bldg,
Near BSNL |
C19211507 |
|
2 |
10317949 |
16/04/2014 * |
1,201,704,000.00 |
Bank of India |
Surat MID Corporate Branch,, BOI Bldg,
Near BSNL |
C04307971 |
|
3 |
10262007 |
27/03/2014 * |
380,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER
PAREL W |
C26726216 |
|
4 |
10262006 |
03/09/2010 |
50,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER
PAREL W |
A97594774 |
* Date of charge modification
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.63.64 |
|
|
1 |
Rs.96.80 |
|
Euro |
1 |
Rs.71.50 |
INFORMATION DETAILS
|
Information Gathered
by : |
SUV |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.