MIRA INFORM REPORT
|
Report No. : |
321352 |
|
Report Date : |
07.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
MICROFIBER CORP PRIVATE LIMITED (w.e.f. 28.02.2014) |
|
|
|
|
Formerly Known
As : |
MICROFIBRE
CORP PRIVATE LIMITED (w.e.f.13.01.2014) INTERWRAP
POLYMER PRODUCTS PRIVATE LIMITED |
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|
|
|
Registered
Office : |
601, Antariksh (Thakur House), Makwana Road, Marol, Andheri (East), Mumbai - 400093 Maharashtra |
|
Mobile No.: |
91-9824174932 (Mr. S Jha) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
18.08.2006 |
|
|
|
|
Com. Reg. No.: |
163837 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209MH2006PTC163837 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
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|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of non-woven fabric, Mulch Film, PP Twisted yarn and trader of Packaging Materials, Industrial Fabrics, Woven Coated and Printed Fabrics. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having satisfactory track. Management of the company has not filed its latest financial year
i.e.2014 with the government department. As per available financial of 2013, the general financial of the company
seems to be sound. Resaves of the company are healthy. Company is operating
on its own funds. Trade relations are reported as fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered normal 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. S Jha |
|
Designation : |
General Manager |
|
Contact No.: |
91-9824174932 |
|
Date : |
06.05.2015 |
LOCATIONS
|
Registered Office : |
601, Antariksh (Thakur House), Makwana Road, Marol, Andheri (East), Mumbai - 400093 Maharashtra |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9824174932 (Mr. S Jha) |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
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|
|
|
|
Factory : |
Survey No. 209/3, Masat Industrial Estate, Village Masat, Samarwarni, Silvassa - 396 230, Dadra and Nagar Haveli, India |
|
|
|
|
Overseas Office |
Located At:
|
DIRECTORS
As on 30.09.2013
|
Name : |
Baldev Singh Shokar |
|
Designation : |
Director |
|
Address : |
3076 Yellow Cedar, PL Coquitlam BC V3E2Y7, British Columbia, V3E2Y7, Canada |
|
Date of Birth/Age : |
03.02.1950 |
|
Date of Appointment : |
23.08.2006 |
|
DIN No.: |
00265320 |
|
|
|
|
Name : |
Robert Alexander Milne |
|
Designation : |
Director |
|
Address : |
2201, 323 Jervis St,, Vancouver, BC V6C3P8, Vancouver, V6V3P8, Canada |
|
Date of Birth/Age : |
01.10.1952 |
|
Date of Appointment : |
23.08.2006 |
|
DIN No.: |
00458105 |
|
|
|
|
Name : |
Hareshkumar Vishanji Pawani |
|
Designation : |
Director |
|
Address : |
504, Sai Heritage Co-op. Hsg. Limited, Ashok Nagar, Near Ashok Nagar Police Station, Mulund (West), Mumbai - 400080, Maharashtra, India |
|
Date of Appointment : |
03.10.2013 |
|
DIN No.: |
06705355 |
|
|
|
|
Name : |
Sahajanand Diwakar Jha |
|
Designation : |
Director |
|
Address : |
Flat No.104, Park City, Tulip-A, Amli, Silvassa, 396230, Dadar Nagar Haveli, India |
|
Date of Appointment : |
07.03.2014 |
|
DIN No.: |
06816340 |
|
|
|
|
Name : |
Bobby Amrit Paul Baldev Singh Shokar |
|
Designation : |
Director |
|
Address : |
3501-1328, Pender St W, Vancouver BC, V6E4T1, Canada |
|
Date of Appointment : |
07.03.2014 |
|
DIN No.: |
06836312 |
KEY EXECUTIVES
|
Name : |
Mr. S Jha |
|
Designation : |
General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
640713 British Columbia Limited, Canada |
1,569,869 |
32.77 |
|
640714 British Columbia Limited, Canada |
1,569,869 |
32.77 |
|
0860567 British Columbia Limited, Canada |
1,651,461 |
34.46 |
|
|
|
|
|
Total |
4,791,199 |
100.00 |
As on 16.04.2014
|
Names of Allottee |
|
No. of Shares |
|
0860567 British Columbia Limited, Canada |
|
161,660 |
|
Total |
|
161,660 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of non-woven fabric, Mulch Film, PP Twisted yarn and trader of Packaging Materials, Industrial Fabrics, Woven Coated and Printed Fabrics. |
|
|
|
|
Products : |
Not Available |
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|
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|
Brand Names : |
Not Available |
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|
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|
Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
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Products : |
Raw Material |
|
Countries : |
Singapore |
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|
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Terms : |
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Selling : |
Cash and Credit (30 days / 60 days / 90 days) |
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|
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Purchasing : |
Cash and Credit (30 days / 60 days / 90 days) |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
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Auditors : |
|
|
Name : |
S. R. Batliboi and Company LLP Chartered Accountants |
|
Address : |
14th Floor, The Ruby, 29 Senapati Bapat Marg, Dadar (West), Mumbai –
400028, Maharashtra, India |
|
Tel. No.: |
91-22-61920000 |
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Fax No.: |
91-22-61921000 |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ACHFS9180N |
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Memberships : |
-- |
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|
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Collaborators : |
-- |
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Subsidiary Company [AS ON 31.03.2013]: |
Shubh-Nil Yarns Private Limited [U20296MH1997PTC107904] |
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Enterprises having significant influence over the taken place equal
voting rights [AS ON 31.03.2013] : |
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Associates concerns / companies under control ok KMP and
relatives [AS ON 31.03.2013]: |
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CAPITAL STRUCTURE
After 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,500,000 |
Equity Shares |
Rs.10/- each |
Rs.55.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,952,859 |
Equity Shares |
Rs.10/- each |
Rs.47.529
Million |
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,500,000 |
Equity Shares |
Rs.10/- each |
Rs.55.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,791,199 |
Equity Shares |
Rs.10/- each |
Rs.47.912
Million |
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.100 |
0.100 |
0.100 |
|
(b) Reserves &
Surplus |
11.490 |
7.517 |
7.156 |
|
(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) |
11.590 |
7.617 |
7.256 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.184 |
0.138 |
0.048 |
|
(c) Other long term
liabilities |
0.000 |
0.055 |
0.512 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.290 |
|
Total Non-current
Liabilities (3) |
0.184 |
0.193 |
0.850 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
69.469 |
61.267 |
44.785 |
|
(c) Other current
liabilities |
0.274 |
0.173 |
1.641 |
|
(d) Short-term provisions |
1.013 |
0.499 |
0.028 |
|
Total Current Liabilities
(4) |
70.756 |
61.939 |
46.454 |
|
|
|
|
|
|
TOTAL |
82.530 |
69.749 |
54.560 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
10.438 |
10.800 |
11.421 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.200 |
0.200 |
0.200 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
30.486 |
30.486 |
30.486 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.275 |
1.275 |
0.194 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.423 |
|
Total Non-Current Assets |
42.399 |
42.761 |
42.724 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
36.695 |
21.479 |
10.073 |
|
(d) Cash and cash
equivalents |
2.617 |
4.498 |
1.070 |
|
(e) Short-term loans and
advances |
0.734 |
0.934 |
0.691 |
|
(f) Other current assets |
0.085 |
0.077 |
0.002 |
|
Total Current Assets |
40.131 |
26.988 |
11.836 |
|
|
|
|
|
|
TOTAL |
82.530 |
69.749 |
54.560 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
213.489 |
193.655 |
NA |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
5.751 |
0.588 |
NA |
|
|
|
|
|
|
|
Less |
TAX |
1.778 |
0.227 |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
3.973 |
0.361 |
1.319 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
12.013 |
7.079 |
NA |
|
|
TOTAL EARNINGS |
12.013 |
7.079 |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
39.734 |
36.15 |
131.91 |
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
230.000 |
Expected Sales ( 2014-2015 ) : Rs.250.000 Million
The above information has been parted by Mr. S Jha.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.86 |
0.19 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.09 |
1.51 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.50 |
0.08 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.57 |
0.44 |
0.25 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
7.156 |
7.517 |
11.490 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
7.256 |
7.617 |
11.590 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
|
31.03.2012 |
31.03.2013 |
|
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
|
193.655 |
213.489 |
|
|
|
10.242 |
NET PROFIT MARGIN
|
Net Profit Margin |
|
31.03.2012 |
31.03.2013 |
|
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
|
193.655 |
213.489 |
|
Profit |
|
0.361 |
3.973 |
|
|
|
0.19% |
1.86% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: NOT AVAILABLE
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
four years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if
applicable) |
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 |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10522532 |
22/05/2014 |
250,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C23084981 |
|
2 |
10523580 |
02/05/2014 |
200,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C25166752 |
FINANCIAL RESULTS AND
PROSPECTS
The net income earned during the year was of Rs. 213.489 Million as against of Rs. 193.655 Million of the corresponding previous year. Meanwhile the gross income of the Company was of Rs. 213.593 Million for the current year as against of Rs. 193.900 Million of the previous year. The profit before tax was of Rs. 5.751 Million as against of Rs. 0.588 Million of the previous year. After calculating all the taxes, the profit after tax for the year was of Rs. 3.973 Million as against Rs. 0.361 Million of the previous year. In view of steps initiated and efforts undertaken, the directors are hopeful of improved performance during the current year.
CORPORATE INFORMATION
The company is a private company domiciled in India and Incorporated under
the provisions of the companies act, 1956. The company is engaged in the
business of trading in Packaging Materials, Industrial Fabrics, Woven Coated
and Printed Fabrics. It also provides business auxiliary services to its group
companies.
NOTE :
The registered office of the company has been
shifted from 602, Antariksh (Thakur House), Makwana Road, Marol Andheri (East),
Mumbai – 400093, Maharashtra, India to the present address w.e.f. 01.02.2014
FIXED ASSETS
- Building
- Office equipment
- Computers
- 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 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.63.64 |
|
|
1 |
Rs.96.81 |
|
Euro |
1 |
Rs.71.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
|
48 |
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.