MIRA INFORM REPORT
|
Report No. : |
320092 |
|
Report Date : |
11.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
SANT VALVES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
G T Road, Bye Pass, Near Pathankot Chowk, Jalandhar - 144012, Punjab |
|
Tel. No.: |
91-181-5084693 |
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Country : |
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|
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Financials (as
on) : |
31.03.2014 |
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|
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|
Date of
Incorporation : |
24.11.1992 |
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|
|
|
Com. Reg. No.: |
16-012760 |
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|
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Capital
Investment / Paid-up Capital : |
Rs. 15.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27202PB1992PTC012760 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JLDS00272G |
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|
|
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PAN No.: [Permanent Account No.] |
Not Available |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Valves Cocks, Boiler Mountings, Pipes
Fittings, Pumps, etc. |
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|
No. of Employees
: |
420 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 200000 |
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|
Status : |
Satisfactory |
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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 record. However, trade relations are reported to be fair. Business is active.
Payments are reported to be usually correct. The company can be considered normal for business dealing 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 |
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. Rajesh Rathour |
|
Designation : |
Director |
|
Contact No.: |
91-9814061478 |
|
Date : |
28.04.2015 |
LOCATIONS
|
Registered Office / Factory : |
G T Road, Bye Pass, Near Pathankot Chowk, Jalandhar - 144012, Punjab, India |
|
Tel. No.: |
91-181-5084693/ 94/95/ 2602522/ 2603074/ 2602106 |
|
Mob. No.: |
91-9814061478 (Mr. Rajesh Rathore) |
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Fax No.: |
91-181-2603308/ 5062270 |
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E-Mail : |
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Website : |
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Area : |
1700 sq ft |
|
Location : |
Owned |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Rakesh Rathour |
|
Designation : |
Whole Time Director |
|
Address : |
20-Deen Dayal Upadhaya Nagar, Jalandhar - 144004, Punjab, India |
|
Date of Birth/Age : |
28.05.1959 |
|
Date of Appointment : |
24.11.1992 |
|
DIN No.: |
00083108 |
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|
|
|
Name : |
Mr. Rajesh Rathour |
|
Designation : |
Whole Time Director |
|
Address : |
20-Deen Dayal Upadhaya Nagar, Jalandhar - 144004, Punjab, India |
|
Date of Birth/Age : |
20.04.1961 |
|
Date of Appointment : |
01.05.1995 |
|
DIN No.: |
00083153 |
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|
|
|
Name : |
Mr. Naresh Kumar |
|
Designation : |
Whole Time Director |
|
Address : |
62-Seth Hukum Chand Colony, Jalandhar - 144004, Punjab, India |
|
Date of Birth/Age : |
06.01.1964 |
|
Date of Appointment : |
01.05.1995 |
|
DIN No.: |
00328418 |
|
|
|
|
Name : |
Mr. Arvind Rup Singh Dhumal |
|
Designation : |
Whole Time Director |
|
Address : |
Village Paragpur Backside Domeli Industries, Jalandhar Phagwara National Highway, Jalandhar Cantonment, Punjab, India |
|
Date of Birth/Age : |
05.02.1970 |
|
Date of Appointment : |
01.04.2006 |
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Pan No : |
AAKPD6542J |
|
DIN No.: |
00328543 |
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|
|
|
Name : |
Mr. Rup Singh Dhumal |
|
Designation : |
Managing Director |
|
Address : |
Village Paragpur Backside Domeli Industries, Jalandhar Phagwara National Highway, Jalandhar Cantonment, Punjab, India |
|
Date of Birth/Age : |
02.02.1936 |
|
Date of Appointment : |
24.11.1992 |
|
DIN No.: |
00618353 |
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|
|
|
Name : |
Mr. Mukesh Rathour |
|
Designation : |
Whole Time Director |
|
Address : |
31, |
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Date of Birth/Age : |
08.10.1967 |
|
Date of Appointment : |
01.05.1995 |
|
DIN No.: |
00618421 |
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|
|
|
Name : |
Mr. Pawan Sikka |
|
Designation : |
Whole Time Director |
|
Address : |
449-Guru Teg Bahadur Nagar, Jalandhar - 144004, Punjab, India |
|
Date of Birth/Age : |
01.02.1958 |
|
Date of Appointment : |
01.08.2004 |
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DIN No.: |
00618452 |
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|
|
|
Name : |
Mr. Arun Singh Dhumal |
|
Designation : |
Director |
|
Address : |
Village Paragpur Backside Domeli Industries, Jalandhar Phagwara National Highway, Jalandhar Cantonment, Punjab, India |
|
Date of Birth/Age : |
25.08.1975 |
|
Date of Appointment : |
01.10.2002 |
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DIN No.: |
00618461 |
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|
|
|
Name : |
Mr. Praveen Sukh Ram Rathour |
|
Designation : |
Director |
|
Address : |
46, Deen Dayal Upadhaya Nagar, Jalandhar - 144004, Punjab, India |
|
Date of Birth/Age : |
30.04.1969 |
|
Date of Appointment : |
01.04.2006 |
|
Pan No : |
AALPR1419F |
|
DIN No.: |
00618464 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Rup Singh Dhumal |
|
13500 |
|
Rakesh Rathour |
|
15000 |
|
Rajesh Rathour |
|
15000 |
|
Mukesh Rathour |
|
8805 |
|
Naresh Kumar |
|
13875 |
|
Raj Kumar |
|
4338 |
|
Arun Singh Dhumal |
|
6180 |
|
Pawan Sikka |
|
8250 |
|
Vikram Rathour |
|
9945 |
|
Sunil Sikka |
|
4500 |
|
Praveen Rathour |
|
20250 |
|
Vijay Kumar Chouhan |
|
4500 |
|
Paramjit Kumar |
|
6000 |
|
Arvind Dhumal |
|
4500 |
|
Kavita Rathour |
|
4107 |
|
Nipun Sikka |
|
4500 |
|
Sonik Sikka |
|
3000 |
|
|
|
3750 |
|
Total |
|
150000 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Valves Cocks, Boiler Mountings, Pipes
Fittings, Pumps, etc. |
|
|
|
|
Products : |
· Gunmetal Gate Valves · Bronze Safety Valves · Bronze Globe Steam Stop Valves · Bronze Sleeve Packed Water Level Gauge · Bronze Fusible Plug · Bronze Parallel Slide Blow Off Valve · Cast Iron Accessible Feed Check Valve · Cast Iron Y-Type Stainer |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
420 (Approximately) |
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Bankers : |
Small Industrial Development Bank of India |
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Facilities : |
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Auditors : |
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|
Name : |
K Bhagat and Company Chartered Accountants |
|
Address : |
16, Brij Nagar, Jalandhar-144001, Punjab, India |
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Tel. No.: |
91-181-2282829 / 2212471 |
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Mobile No.: |
91-9814203435 |
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Income-tax
PAN of auditor or auditor's firm : |
AACFK8406G |
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Memberships : |
·
EEPC ·
AIVCMA ·
NICC ·
ACCIP |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs. 100/-each |
Rs. 15.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs. 100/-each |
Rs. 15.000 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 |
15.000 |
15.000 |
15.000 |
|
(b) Reserves & Surplus |
51.542 |
45.253 |
51.388 |
|
(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) |
66.542 |
60.253 |
66.388 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
187.412 |
75.551 |
70.567 |
|
(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 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
187.412 |
75.551 |
70.567 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
66.603 |
21.969 |
18.707 |
|
(b) Trade
payables |
25.315 |
125.537 |
113.936 |
|
(c) Other
current liabilities |
3.219 |
2.828 |
2.641 |
|
(d) Short-term
provisions |
4.393 |
7.426 |
3.324 |
|
Total Current
Liabilities (4) |
99.530 |
157.760 |
138.608 |
|
|
|
|
|
|
TOTAL |
353.484 |
293.564 |
275.563 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
99.418 |
65.904 |
60.676 |
|
(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 |
4.500 |
4.500 |
3.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
103.918 |
70.404 |
63.676 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
60.696 |
57.254 |
55.429 |
|
(c) Trade
receivables |
150.104 |
137.317 |
123.977 |
|
(d) Cash
and cash equivalents |
1.013 |
1.310 |
1.328 |
|
(e) Short-term
loans and advances |
37.753 |
27.279 |
31.153 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
249.566 |
223.160 |
211.887 |
|
|
|
|
|
|
TOTAL |
353.484 |
293.564 |
275.563 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
438.698 |
396.642 |
377.896 |
|
|
Other Income |
0.819 |
0.481 |
0.509 |
|
|
TOTAL (A) |
439.517 |
397.123 |
378.405 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Direct Expenses |
313.204 |
283.475 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(3.708) |
(1.251) |
|
|
|
Employees benefits
expense |
39.568 |
35.581 |
|
|
|
Other expenses |
59.987 |
54.374 |
|
|
|
TOTAL (B) |
409.051 |
372.179 |
370.310 [Including Finance and
Depreciation] |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
30.466 |
24.944 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
17.954 |
11.179 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
12.512 |
13.765 |
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.223 |
5.180 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
6.289 |
8.585 |
8.095 |
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
6.289 |
8.585 |
8.095 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
6.110 |
1.661 |
1.985 |
|
|
TOTAL EARNINGS |
6.110 |
1.661 |
1.985 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
41.93 |
57.23 |
53.97 |
Expected Sales (2014-2015): Rs. 410.000 Million
The above information has been parted by Mr. Rajesh Rathore.
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
1.43 |
2.16 |
2.14 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.94 |
6.29 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.80 |
2.97 |
2.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.14 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.82 |
1.62 |
1.34 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.51 |
1.41 |
1.53 |
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 |
15.000 |
15.000 |
15.000 |
|
Reserves & Surplus |
51.388 |
45.253 |
51.542 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
66.388 |
60.253 |
66.542 |
|
|
|
|
|
|
long-term borrowings |
70.567 |
75.551 |
187.412 |
|
Short term borrowings |
18.707 |
21.969 |
66.603 |
|
Total borrowings |
89.274 |
97.520 |
254.015 |
|
Debt/Equity ratio |
1.345 |
1.619 |
3.817 |
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) |
|
Sales |
377.896 |
396.642 |
438.698 |
|
|
|
4.961 |
10.603 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
377.896 |
396.642 |
438.698 |
|
Profit |
8.095 |
8.585 |
6.289 |
|
|
2.14% |
2.16% |
1.43% |
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 |
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 |
Yes |
|
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 |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10508196 |
11/07/2014 |
4,200,000.00 |
SMALL INDUSTRIAL DEVELOPMENT BANK OF INDIA |
UPPER GROUND FLOOR, HOTEL CENTREPOINT,, BMC CHOWK |
C10659894 |
|
2 |
10436913 |
19/06/2013 |
10,000,000.00 |
CAPITAL LOCAL AREA BANK |
GOBIND NIWAS, 36, GT ROAD, JALANDHAR, PUNJAB - 14 |
B79653937 |
|
3 |
10055091 |
18/05/2007 |
2,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
UPPER GROUND FLOOR, HOTEL CENTER POINT BUILDING, |
A16444051 |
|
4 |
10025869 |
13/05/2013 * |
75,000,000.00 |
STATE BANK OF INDIA |
SCB, TANDA ROAD, JALANDHAR, PUNJAB - 144001, INDIA |
B75707729 |
|
5 |
90183368 |
15/12/2004 |
1,224,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
SIDBI TOWER; 15, ASHOK NAGAR, LUCKNOW, UTTAR PRAD |
- |
|
6 |
90182427 |
06/04/1998 * |
16,000,000.00 |
STATE BANK OF INDIA |
INDSUTRIAL AREA, JALANDHAR, PUNJAB, INDIA |
- |
|
7 |
90182213 |
27/01/2003 * |
2,200,000.00 |
STATE BANK OF INDIA |
SPL . COMMERCIAL, TAUDA ROAD, JALANDHAR, PUNJAB, |
- |
|
8 |
90182170 |
02/04/2002 * |
4,500,000.00 |
STATE BANK OF INDAI |
SPL. COMMERCIAL BRANCH, INDUSTRIAL AREA, JALANDHA |
- |
|
9 |
90182045 |
27/01/2003 * |
4,500,000.00 |
STATE BANK OF INDIA |
SPL . COMMERCIAL, TAUKDA ROAD, JALANDHAR, PUNJAB, |
- |
|
10 |
90181953 |
27/07/1994 |
2,500,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
VIKAS DEEP, 22; STATION ROAD, LUCKNOW, UTTAR PRAD |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Sundry Depositors |
75.513 |
71.260 |
|
Differed Creditor |
90.000 |
0.000 |
|
Total |
165.513 |
71.260 |
FIXED ASSETS
· Plant and Machinery
· Generator Set
· Equipment
· Cars
· Patterns
· Induction Melting Furnace
· Safe, Furniture and Fixtures
· Cycle
· Scooter
· Building
· Land
· Computer
· Air Conditioner
· CCTV Camera
· Fan
· Photostat Machine
· Television
· Land (New)
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.64.05 |
|
|
1 |
Rs.99.04 |
|
Euro |
1 |
Rs.71.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.