MIRA INFORM REPORT

 

 

Report No. :

321336

Report Date :

11.05.2015

 

IDENTIFICATION DETAILS

 

Name :

WELLKNOWN TEXTILE INDUSTRIES PRIVATE LIMITED (w.e.f. 02.03.2009)

 

 

Formerly Known As :

WELLKNOWN TEXTILE INDUSTRIES LIMITED

 

 

Registered Office :

145-C, Sangam, 4th Floor. Dr. Viegas Street, Kalabadevi Road, Mumbai-400002, Maharashtra

 

 

Tel. No.:

91-22-66207000

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

05.05.1987

 

 

Com. Reg. No.:

11-043355

 

 

Capital Investment / Paid-up Capital :

Rs. 88.313 Million

 

 

CIN No.:

[Company Identification No.]

U17110MH1987PTC043355

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMW02210F

 

 

PAN No.:

[Permanent Account No.]

AAACW0552A

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturers of Polyester Textured and Air Textured Yarn Ranging

 

 

No. of Employees :

Not Divulged

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca (16)

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having moderate track record.

 

As per available directors report of 2014, it seems that the company is not involved in any kind of commercial activity as it has no sales turnover for FY 2013 and FY 2014. Moreover, the company has not receivables and payables at the moment.

 

Mr. Ravi Agarwal (Manager) denied providing any information about the subject.

 

However, business is active as per status shown in the registrar of companies. Payment terms are unknown.

 

In view of aforesaid, subject can be considered for business dealings on safe and secured 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

 

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 DECLINED BY

 

Name :

Mr. Ravi Agarwal

Designation :

Manager

Contact No.:

91-22-66207010

Date :

07.05.2015

 

 

LOCATIONS

 

Registered Office :

145-C, Sangam, 4th Floor. Dr. Viegas Street, Kalabadevi Road, Mumbai-400002, Maharashtra, India

Tel. No.:

91-22-66207000

Fax No.:

91-22-66207050

E-Mail :

info@welknown.net.in

 

 

DIRECTORS

 

As on 30.09.2013

 

Name :

Mr. Anil Madanlal Gupta

Designation :

Director

Address :

9/41, Joothica Building, Sleater Road, Greater Mumbai, Mumbai – 400007, Maharashtra, India

Date of Birth/Age :

01.09.1964

Date of Appointment :

05.05.1987

DIN No.:

01376458

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U17110MH1987PTC043355

WELLKNOWN TEXTILE INDUSTRIES PRIVATE LIMITED

Director

05/05/1987

05/05/1987

-

Active

NO

2

U70109MH1995PTC091597

WELLKNOWN HITECH PROJECTS PRIVATE LIMITED

Director

09/08/1995

09/08/1995

-

Active

NO

3

U17114MH1996PLC103477

WELLKNOWN POLYESTERS LIMITED

Managing director

01/04/2012

23/10/1996

-

Active

NO

4

U17110MH1997PTC110093

WELLKNOWN SYNTHETICS PRIVATE LIMITED

Director

14/08/1997

14/08/1997

-

Active

NO

5

U65990MH1997PTC107165

WELLKNOWN CHEMICALS PRIVATE LIMITED

Director

26/11/1998

26/11/1998

-

Active

NO

6

U80220MH2005PTC154131

WELLKNOWN TECHNOLOGIES PRIVATE LIMITED

Director

31/08/2006

31/08/2006

-

Active

NO

7

U70102MH2009PTC193678

WELLKNOWN HOUSING DEVELOPMENT PRIVATE LIMITED

Director

30/06/2009

30/06/2009

-

Active

NO

8

U63090MH2009PTC198059

WELLKNOWN LOGISTICS PRIVATE LIMITED

Director

22/12/2009

22/12/2009

-

Active

NO

9

U70102MH2009PTC198230

WELLKNOWN LANDMARK VENTURES PRIVATE LIMITED

Director

31/12/2009

31/12/2009

-

Active

NO

10

U17120MH1972GAT016028

ASSOCIATION OF SYNTHETIC FIBRE INDUSTRY

Nominee director

17/05/2010

17/05/2010

-

Active

NO

11

U70102MH2010PTC207508

WELLKNOWN INFRATECH PRIVATE LIMITED

Director

08/09/2010

08/09/2010

-

Active

NO

12

U70102MH2010PTC207736

WELLKNOWN PROPERTIES PRIVATE LIMITED

Director

16/09/2010

16/09/2010

-

Active

NO

13

U70102MH2012PLC233788

GUPTA VILLA LIMITED

Director

25/07/2012

25/07/2012

-

Active

NO

14

U01403MH2007PTC172627

WELLKNOWN ENTERPRISES PRIVATE LIMITED

Director

30/09/2013

18/03/2013

-

Active

NO

15

AAD-6560

AG LIFESTYLES LLP

Designated Partner

28/03/2015

28/03/2015

-

Active

NO

 

 

Name :

Mr. Ashok Madanlal Gupta

Designation :

Director

Address :

2/7, Joothica Building, Sleater Road, Greater Mumbai, Mumbai – 400007, Maharashtra, India

Date of Birth/Age :

30.09.1959

Date of Appointment :

30.03.1992

DIN No.:

01510569

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U17110MH1987PTC043355

WELLKNOWN TEXTILE INDUSTRIES PRIVATE LIMITED

Director

30/03/1992

30/03/1992

-

Active

NO

2

U70109MH1995PTC091597

WELLKNOWN HITECH PROJECTS PRIVATE LIMITED

Director

09/08/1995

09/08/1995

30/09/2014

Active

NO

3

U17114MH1996PLC103477

WELLKNOWN POLYESTERS LIMITED

Whole-time director

01/10/2010

23/10/1996

-

Active

NO

4

U17110MH1997PTC110093

WELLKNOWN SYNTHETICS PRIVATE LIMITED

Whole-time director

01/08/2010

14/08/1997

-

Active

NO

5

U65990MH1997PTC107165

WELLKNOWN CHEMICALS PRIVATE LIMITED

Director

26/11/1998

26/11/1998

-

Active

NO

6

U80220MH2005PTC154131

WELLKNOWN TECHNOLOGIES PRIVATE LIMITED

Director

31/08/2006

31/08/2006

-

Active

NO

7

U70102MH2009PTC193678

WELLKNOWN HOUSING DEVELOPMENT PRIVATE LIMITED

Director

30/06/2009

30/06/2009

30/09/2014

Active

NO

8

U63090MH2009PTC198059

WELLKNOWN LOGISTICS PRIVATE LIMITED

Director

22/12/2009

22/12/2009

30/09/2014

Active

NO

9

U70102MH2009PTC198230

WELLKNOWN LANDMARK VENTURES PRIVATE LIMITED

Director

31/12/2009

31/12/2009

30/09/2014

Active

NO

10

U01403MH2007PTC172627

Wellknown Enterprises Private Limited

Director

30/09/2013

18/03/2013

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Ravi Agarwal

Designation :

Manager

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2013

 

Names of Equity Shareholders

No. of Shares

 

Anil Gupta Karta, H.U.F.

27300

Anil M. Gupta

1012860

Ashok Gupta

407650

Ashok Gupta, Karta, H.U.F.

16500

Charulata Gupta

177730

Latadevi Gupta

200

Madanlal Gupta Karta, H.U.F.

48450

Neera Gupta

159280

Nidhi Gupta

40200

Rahul A. Gupta

78700

Saakshi A. Gupta

47200

Siddharth A. Gupta

70150

Wellknown Hitech Projects Private Limited, India

739500

Wellknown Synthetics Private Limited, India

100

Wellknown Polyesters Limited, India

300

Wellknown Chemicals Private Limited, India

791000

Total

3617120

 

 

Names of Preference Shareholders

No. of Shares

 

Anil Gupta Karta, H.U.F.

128

Anil Gupta

658

Ashok Gupta

105

Ashok Gupta, Karta, H.U.F.

92

Charulata Gupta

1108

Madanlal Gupta Karta, H.U.F.

273

Neera Gupta

857

Nidhi Gupta

57

Rahul A. Gupta

55

Siddharth A. Gupta

63

Ashtavinayak Agrofarms Private Limited, India

29960

Tvc Sky Shop Limited, India

75000

Nishita Infra Structure Private Limited, India

288065

Total

396421

 

 

As on 30.09.2013

 

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage of Holding

Bodies corporate

42.32

Directors or relatives of Directors

57.68

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturers of Polyester Textured and Air Textured Yarn Ranging.

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

--

 

 

Imports :

--

 

 

Terms :

--

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Divulged

Name of the Person (with Designation):

Not Divulged

Contact Number:

Not Divulged

Since How Long Known:

Not Divulged

Maximum Limit Dealt:

Not Divulged

Experience :

Not Divulged

Remarks :

Not Divulged

 

 

Customers :

Reference:

Not Divulged

Name of the Person (with Designation):

Not Divulged

Contact Number:

Not Divulged

Since How Long Known:

Not Divulged

Maximum Limit Dealt:

Not Divulged

Experience :

Not Divulged

Remarks :

Not Divulged

 

 

No. of Employees :

Not Divulged

 

 

Bankers :

Bank Name:

Not Divulged

Branch:

Not Divulged

Name of the Person (with Designation):

Not Divulged

Contact Number:

Not Divulged

Name of Account Holder:

Not Divulged

Account Number:

Not Divulged

Account Since (Date/ Year of A/c Opening):

Not Divulged

Average Balance Maintained (Optional):

Not Divulged

Credit Facilities Enjoyed (CC/OD/Term Loan):

Not Divulged

Account Operation:

Not Divulged

Remarks: Not Divulged

 

·         The Shamrao Vithal Co-operative Bank Limited, Sleater Road, Mumbai-400007, Maharashtra, India

 

 

 

Banking Relations :

--

 

 

Financial Institution :

The Economic Development Corporation of Goa, Daman and Diu Limited, EDC House, Panji-403001, Goa, India

 

 

Auditors :

 

Name :

Mittal and Associates

Chartered Accountants

Address :

471-B, 4th Floor, Astral Centre, N.M. Joshi Marg, Chinchpokli (West), Mumbai, Maharashtra, India

Income-tax PAN of auditor or auditor's firm :

AAAFM9559Q

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Subsidiary Companies:

·         Wellknown Chemicals Private Limited

CIN No.: U65990MH1997PTC107165

·         Wellknown Synthetics Private Limited

CIN No.: U17110MH1997PTC110093

·         Wellknown Hitech Projects Private Limited

CIN No.: U70109MH1995PTC091597

·         Wellknown Technologies Private Limited

CIN No.: U80220MH2005PTC154131

 

 

Associate :

·         Wellknown Polyesters Limited

CIN No.: U17114MH1996PLC103477

·         Wellknown Housing Development Private Limited

·         Wellknown Logistics Private Limited

·         Wellknown Landmark Ventures Private Limited

·         Wellknown Infratech Private Limited

·         Wellknown Properties Private Limited

·         Wellknown Enterprises Private Limited

CIN No.: U01403MH2007PTC172627

·         Gupta Villa Limited

CIN No.: U70102MH2012PLC233788

 

 

CAPITAL STRUCTURE

 

As on 30.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

4,500,000

Equity Shares

Rs.10/- each

Rs. 45.000 Million

650,000

Preference Shares

Rs.100/- each

Rs. 65.000 Million

 

 

 

 

 

Total

 

Rs. 110.000 Million

 

Issued Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

3,617,120

Equity Shares

Rs.10/- each

Rs. 36.171 Million

646,421

Preference Shares

Rs.100/- each

Rs. 64.642 Million

 

 

 

 

 

Total

 

Rs. 100.813 Million

 

Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

3,617,120

Equity Shares

Rs.10/- each

Rs. 36.171 Million

3,96,421

Preference Shares (subscribed and fully paid)

Rs.100/- each

Rs. 39.642 Million

2,50,000

Preference Shares (subscribed but not fully paid)

Rs. 50/- each

Rs. 12.500 Million

 

 

 

 

 

Total

 

Rs. 88.313 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

88.313

75.813

75.813

(b) Reserves & Surplus

1043.478

789.923

778.173

(c) Money received against Share Warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application Money Pending Allotment

0.000

250.000

0.000

Total Shareholders’ Funds (1) + (2)

1131.791

1115.736

853.986

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term Borrowings

179.421

159.823

157.893

(b) Deferred Tax Liabilities (Net)

0.000

0.000

0.000

(c) Other Long Term Liabilities

0.000

0.000

0.000

(d) Long-Term Provisions

0.000

0.429

0.429

Total Non-Current Liabilities (3)

179.421

160.252

158.322

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term Borrowings

0.000

0.000

0.000

(b) Trade Payables

0.000

0.000

0.000

(c) Other Current Liabilities

390.432

39.088

12.682

(d) Short-Term Provisions

2.156

0.583

0.000

Total Current Liabilities (4)

392.588

39.671

12.682

 

 

 

 

TOTAL

1703.800

1315.659

1024.990

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-Current Assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible Assets

0.350

0.395

0.439

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital Work-in-progress

0.000

0.000

0.000

(iv) Intangible Assets under Development

0.000

0.000

0.000

(b) Non-Current Investments

1634.500

1262.987

1473.376

(c) Deferred Tax Assets (net)

0.840

1.506

1.506

(d) Long-Term Loan and Advances

0.184

0.185

2.068

(e) Other Non-Current Assets

64.561

50.429

44.207

Total Non-Current Assets

1700.435

1315.502

1521.596

 

 

 

 

(2) Current Assets

 

 

 

(a) Current Investments

0.000

0.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade Receivables

0.000

0.000

0.000

(d) Cash and Cash Equivalents

0.095

0.037

-499.750

(e) Short-Term Loans and Advances

3.270

0.120

2.601

(f) Other Current Assets

0.000

0.000

0.543

Total Current Assets

3.365

0.157

-496.606

 

 

 

 

TOTAL

1703.800

1315.659

1024.990

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Income

0.000

0.000

0.000

 

 

Other Income

32.370

25.168

6.931

 

 

TOTAL                                     (A)

32.370

25.168

6.931

 

 

 

 

 

Less

EXPENSES                                                      (B)

1.058

0.175

0.364

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)     (C)

31.312

24.993

6.567

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

10.011

9.754

2.537

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                               (E)

21.301

15.239

4.030

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

0.044

0.045

0.045

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX (E-F)                (G)           

21.257

15.194

3.985

 

 

 

 

 

Less

TAX                                                                  (H)

5.202

3.444

0.335

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX (G-H)                  (I)

16.055

11.750

3.650

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

50.575

40.338

38.061

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

 

Transfer to Preference Share Redemption Reserves

1.457

1.513

1.373

 

BALANCE CARRIED TO THE B/S

65.173

50.575

40.338

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

4.27

2.93

0.63

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT/Sales)

(%)
0.00

0.00

0.00

 

 
 

 

 

Operating Profit Margin

(PBDIT/Sales)

(%)
0.00

0.00

0.00

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

31.05

29.70

-0.89

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.02

0.01

0.00

 

 

 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

0.16

0.14

0.18

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

0.01

0.00

-39.16

 

 

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

75.813

75.813

88.313

Reserves & Surplus

778.173

789.923

1043.478

Share Application Money Pending Allotment

0.000

250.000

0.000

Net worth

853.986

1115.736

1131.791

 

 

 

 

long-term borrowings

157.893

159.823

179.421

Short term borrowings

0.000

0.000

0.000

Total borrowings

157.893

159.823

179.421

Debt/Equity ratio

0.185

0.143

0.159

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Total Income

6.931

25.168

32.370

 

 

263.122

28.616

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Total Income

6.931

25.168

32.370

Profit

3.650

11.750

16.055

 

52.66%

46.69%

49.60%

 

 

 

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

Yes

17]

Major suppliers

No

18]

Major customers

No

19]

Payments terms

No

20]

Export / Import details (if applicable)

No

21]

Market information

--

22]

Litigations that the firm / promoter involved in

--

23]

Banking Details

Yes

24]

Banking facility details

Yes

25]

Conduct of the banking account

--

26]

Buyer visit details

--

27]

Financials, if provided

Yes

28]

Incorporation details, if applicable

Yes

29]

Last accounts filed at ROC

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

No

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10154374

21/04/2009

2,000,000.00

THE SHAMRAO VITHAL COOP BANK LIMITED

SLEATER ROAD, MUMBAI, MAHARASHTRA - 400007, INDIA

A60857851

2

10153137

30/03/2009

1,015,500,000.00

STATE BANK OF INDIA

MIDC ANDHERI BRANCH, PLOT NO. B-1, MIDC INDUSTRI
AL AREA, MIDC, ANDHERI (EAST), MUMBAI, MAHARASHTRA - 400093, INDIA

A60240421

3

10130593

18/11/2008

1,170,000,000.00

STATE BANK OF INDIA

MIDC ANDHERI BRANCH, PLOT NO. B-1, MIDC INDUSTRI
AL AREA, MIDC, ANDHERI (EAST), MUMBAI, MAHARASHTRA - 400093, INDIA

A51163483

 

 

UNSECURED LOANS

 

PARTICULAR

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG TERM BORROWINGS

 

 

Bonds

60.540

64.250

Partly convertible debentures intercorporate

23.308

0.000

Intercorporate borrowings

95.487

95.487

Loans and advances from others

0.086

0.086

Total

179.421

159.823

 

 

FIXED ASSETS

 

Tangible Assets

·         Plant and equipment

·         Furniture and fixtures

·         Vehicles

·         Office equipment

·         Other equipments

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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. 64.05

UK Pound

1

Rs. 99.04

Euro

1

Rs. 71.76

 

 

INFORMATION DETAILS

 

Information Gathered by :

PRT

 

 

Analysis Done by :

SUM

 

 

Report Prepared by :

MRI

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

3

PAID-UP CAPITAL

1~10

2

OPERATING SCALE

1~10

1

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

1

--PROFITABILITY

1~10

1

--LIQUIDITY

1~10

1

--LEVERAGE

1~10

2

--RESERVES

1~10

3

--CREDIT LINES

1~10

2

--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

 

16

 

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

 

--

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.