MIRA INFORM REPORT
|
Report No. : |
323892 |
|
Report Date : |
22.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
BISLERI INTERNATIONAL PRIVATE LIMITED (w.e.f.12.07.2002) |
|
|
|
|
Formerly Known
As : |
ACQUA MINERALS LIMITED (w.e.f.01.07.1993) ACQUA MINERALS PRIVATE LIMITED |
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Registered
Office : |
Western Express Highway, Andheri (East), Mumbai – 400099, Maharashtra |
|
Tel. No. : |
91-22-61447000 |
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Country : |
India |
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|
|
Financials (as
on) : |
31.03.2013 |
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|
Date of
Incorporation : |
05.03.1984 |
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|
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|
Com. Reg. No.: |
11-127572 |
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|
Capital
Investment / Paid-up Capital : |
Rs.4.650
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15540MH1984PTC127572 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB15901E |
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PAN No.: [Permanent Account No.] |
AACCA4355K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is engaged in the business of manufacture and trading of packaged drinking water. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an old well – established company having satisfactory
track. As per registrar of companies the date of balance sheet is shown as 31st
march 2014, but same could not be made available from any sources. However, as per financials of 2013 overall financial position of the
company was sound. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered 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.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DENIED
Management non-Co-operative (91-22-61447000)
LOCATIONS
|
Registered Office/ Owned Unit/ Headquarter : |
Western Express Highway, Andheri (East), Mumbai – 400099, Maharashtra,
India |
|
Tel. No.: |
91-22-61447000/ 66953030/ 61447155/ 7156 |
|
Fax No.: |
91-22-61447145 |
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E-Mail : |
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Website : |
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Owned Unit : |
Located at: ·
Ahmedabad ·
Bangalore ·
Chandigarh ·
Chennai ·
New Delhi ·
Goa ·
Hubli ·
Hyderabad ·
Jaipur ·
Jammu ·
Kolkata ·
North Bengal ·
Orissa ·
Pune ·
Rudrapur ·
Sahibabad |
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|
|
|
Franchisee Unit : |
Located at: ·
Agartala ·
Andaman & Nicobar ·
Arunachal Pradesh ·
Chattisgarh ·
Guwahati ·
Himachal Pradesh ·
Indore ·
Kolkata ·
Ludhiana ·
Mangalore ·
Nagaon ·
Patna ·
Vishakapatnam |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Ramesh Jayantilal Chauhan |
|
Designation : |
Managing director |
|
Address : |
47, Shanti Kunj, Hanuman Road, Vile Parle [East], Mumbai – 400057,
Maharashtra, India |
|
Date of Birth/Age : |
17.06.1940 |
|
Qualification : |
B.S.I.M and BS
M.E. (U.S.A) |
|
Experience : |
48 Years |
|
Date of Appointment : |
10.12.2013 |
|
DIN No.: |
00080323 |
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|
|
|
Name : |
Mrs. Zainab Ramesh Chauhan |
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Designation : |
Director |
|
Address : |
47, Shanti Kunj, Tejpal Road, Vile Parle [East], Mumbai – 400057,
Maharashtra, India |
|
Date of Birth/Age : |
09.06.1937 |
|
Qualification : |
B.A. |
|
Experience : |
51 Years |
|
Date of Appointment : |
26.10.1987 |
|
DIN No.: |
00088026 |
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|
|
|
Name : |
Mr. Kadeer Khan |
|
Designation : |
Director |
|
Address : |
C-62D, Gangotri Enclave, Alaknanda, New Delhi – 110019, India |
|
Date of Birth/Age : |
14.04.1958 |
|
Qualification : |
B.A |
|
Date of Appointment : |
01.06.2004 |
|
DIN No.: |
00088117 |
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|
|
|
Name : |
Mr. Rajender Kumar Garg |
|
Designation : |
Director |
|
Address : |
8/186, Sector 3, Rajender Nagar, Sahibabad, Ghaziabad – 201010, Uttar
Pradesh, India |
|
Date of Birth/Age : |
01.05.1961 |
|
Qualification : |
M. Com. LL.B |
|
Experience : |
30 Years |
|
Date of Appointment : |
16.11.2004 |
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DIN No.: |
00097383 |
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|
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|
Name : |
Ms. Anjana Amitabh Ghosh |
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Designation : |
Director |
|
Address : |
B304, Poseidon Near Raj Classic, Off Yari Road, Andheri [West], Mumbai
– 400061, Maharashtra, India |
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Date of Birth/Age : |
28.08.1965 |
|
Qualification : |
BSC. MMS |
|
Experience : |
26 Years |
|
Date of Appointment : |
29.09.2007 |
|
DIN No.: |
01585901 |
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|
|
|
Name : |
Mr. Santosh Anandarai Sinai Borker |
|
Designation : |
Director |
|
Address : |
M14 M18 Housing Board Colony, Vidhayanagar, Margao – 403601, Goa,
India |
|
Date of Birth/Age : |
03.03.1952 |
|
Qualification : |
BSC. |
|
Experience : |
39 Years |
|
Date of Appointment : |
30.09.2008 |
|
DIN No.: |
02195989 |
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|
|
|
Name : |
Ms. Jayanti Ramesh Chauhan |
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Designation : |
Director |
|
Address : |
1/15, Shanti Niketan, New Delhi – 110021, India |
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Date of Birth/Age : |
20.08.1984 |
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Qualification : |
Diploma in Fashion Design |
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Date of Appointment : |
30.09.2009 |
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DIN No.: |
02607625 |
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|
|
|
Name : |
Mr. Parag Jitendra Bengali |
|
Designation : |
Director |
|
Address : |
15, Hemant Bank of Baroda Employees CHSL, Justice MC Chagla Marg, Vile
Parle, Mumbai – 400099, Maharashtra, India |
|
Date of Birth/Age : |
07.05.1971 |
|
Qualification : |
B.Com, A.C.A, I.C.W.A |
|
Date of Appointment : |
30.09.2011 |
|
DIN No.: |
03423747 |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Jayanti Ramesh Chauhan |
15500 |
33.33 |
|
Ramesh Jayantilal Chauhan |
24800 |
53.33 |
|
Zainab Ramesh Chauhan |
6200 |
13.33 |
|
Total |
46500 |
100.00 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of manufacture and trading of packaged drinking water. |
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Products/ Services : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Financial Institution : |
· Tata Capital Financial Services Limited, One Forbes, Dr. V B Gandhi Marg, Fort, Mumbai – 400001, Maharashtra, India · Sundaram Finance Limited, 21 Patullos Road, Chennai – 600002, Tamilnadu, India · Tata Capital Limited, One Forbes, Dr. V B Gandhi Marg, Fort, Mumbai – 400001, Maharashtra, India · GE Capital Transportation Financial Services Limited, Aifacs Building, 1, Rafi Marg, New Delhi – 110001, India |
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Auditors : |
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|
Name : |
SSPA and Associates Chartered Accountants |
|
Address : |
1st
Floor, Arjun, Plot No. 6A,V P Road, Andheri, Mumbai – 400058, Maharashtra,
India |
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PAN No.: |
ABUFS2629C |
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Associates : |
·
Parle (Exports) Private Limited ·
Acqua Goa Distributors Private Limited (Rajdhani) ·
Bisleri Advertising Private Limited ·
Parle Bisleri Private Limited |
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Subsidiaries : |
Hemline Flavours Private Limited |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
46500 |
Equity Shares |
Rs.100/- each |
Rs.4.650 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 |
4.650 |
4.650 |
4.650 |
|
(b) Reserves & Surplus |
425.615 |
306.231 |
281.339 |
|
(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) |
430.265 |
310.881 |
285.989 |
|
|
|
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|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
218.967 |
37.371 |
27.118 |
|
(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 |
26.888 |
28.134 |
24.304 |
|
Total Non-current
Liabilities (3) |
245.855 |
65.505 |
51.422 |
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
131.553 |
81.944 |
|
(b) Trade
payables |
366.057 |
414.871 |
403.805 |
|
(c) Other
current liabilities |
376.937 |
294.154 |
248.776 |
|
(d) Short-term
provisions |
2.997 |
3.186 |
1.689 |
|
Total Current Liabilities
(4) |
745.991 |
843.764 |
736.214 |
|
|
|
|
|
|
TOTAL |
1422.111 |
1220.150 |
1073.625 |
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
745.019 |
586.354 |
582.600 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
41.041 |
40.311 |
5.547 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
68.161 |
105.048 |
45.545 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
68.895 |
27.706 |
17.440 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
923.116 |
759.419 |
651.132 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
87.434 |
67.174 |
63.160 |
|
(c) Trade
receivables |
180.889 |
166.508 |
142.707 |
|
(d) Cash
and cash equivalents |
127.155 |
98.312 |
76.124 |
|
(e) Short-term
loans and advances |
93.080 |
118.970 |
133.067 |
|
(f) Other
current assets |
10.437 |
9.767 |
7.435 |
|
Total
Current Assets |
498.995 |
460.731 |
422.493 |
|
|
|
|
|
|
TOTAL |
1422.111 |
1220.150 |
1073.625 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
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|
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|
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|
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|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
3736.000 |
3113.400 |
2613.200 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
3292.300 |
2836.700 |
2362.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
443.700 |
276.700 |
250.500 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
14.800 |
10.700 |
10.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
428.900 |
266.000 |
240.500 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
277.500 |
234.100 |
225.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
151.400 |
31.900 |
14.800 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
32.000 |
7.000 |
3.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
119.400 |
24.900 |
11.200 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2567.40 |
535.31 |
239.94 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
79.442 |
41.281 |
45.273 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT/Total Income) |
(%) |
3.20 |
0.80 |
0.43 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Total Income) |
(%) |
11.88 |
8.89 |
9.59 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.53 |
2.97 |
1.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35 |
0.10 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.69 |
0.68 |
0.54 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.67 |
0.55 |
0.57 |
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 |
4.650 |
4.650 |
4.650 |
|
Reserves & Surplus |
281.339 |
306.231 |
425.615 |
|
Net worth |
285.989 |
310.881 |
430.265 |
|
|
|
|
|
|
long-term borrowings |
27.118 |
37.371 |
218.967 |
|
Short term borrowings |
81.944 |
131.553 |
0.000 |
|
Current Maturities of
Long Term Debt |
45.273 |
41.281 |
79.442 |
|
Total borrowings |
154.335 |
210.205 |
298.409 |
|
Debt/Equity ratio |
0.540 |
0.676 |
0.694 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Total Income |
2613.200 |
3113.400 |
3736.000 |
|
|
|
19.141 |
19.997 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Total Income |
2613.200 |
3113.400 |
3736.000 |
|
Profit |
11.200 |
24.900 |
119.400 |
|
|
0.43% |
0.80% |
3.20% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
---------------------- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
---------------------- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
---------------------- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
---------------------- |
|
33 |
Market information |
---------------------- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: The registered
office of the company has been shifted from E 17, Capital Commercial Centre, 3rd
Floor, Ashram Road, Ahmedabad – 380009, Gujarat, India to the present w.e.f.
31.05.2000.
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Million |
31.03.2012 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Loans and
advances from related parties |
149.315 |
0.000 |
|
Short Term Borrowings |
|
|
|
Loans and
advances from others |
0.000 |
128.215 |
|
Total |
149.315 |
128.215 |
INDEX OF CHARGE:
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10529084 |
13/03/2015 * |
100,000,000.00 |
The Hongkong and Shanghai Banking Corporation Limited |
INDIABULLS FINANCE CENTRE, 52/60 MAHATMA GANDHI ROAD, FORT, P.O.BOX 128, MUMBAI - 400001, Maharashtra, INDIA |
C49677073 |
|
2 |
10469606 |
12/11/2013 |
50,000,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
One Forbes,, Dr. V. B. Gandhi Marg, Fort, Mumbai - 400001, Maharashtra, INDIA |
B93296184 |
|
3 |
10465106 |
07/11/2013 |
50,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT, MUMBAI - 400021, Maharashtra, INDIA |
B91531319 |
|
4 |
10430015 |
23/05/2013 |
120,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT, MUMBAI - 400021, Maharashtra, INDIA |
B76674886 |
|
5 |
10393170 |
27/11/2012 |
30,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT, MUMBAI - 400021, Maharashtra, INDIA |
B64594674 |
|
6 |
10353087 |
16/03/2012 |
769,566.00 |
SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD, CHENNAI - 600002, TamilNadu, INDIA |
B38737516 |
|
7 |
10302912 |
28/07/2011 |
2,277,400.00 |
SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD, CHENNAI - 600002, TamilNadu, INDIA |
B19074145 |
|
8 |
10302944 |
28/07/2011 |
3,776,000.00 |
SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD, CHENNAI - 600002, TamilNadu, INDIA |
B19085315 |
|
9 |
10303407 |
28/07/2011 |
3,776,000.00 |
SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD, CHENNAI - 600002, TamilNadu, INDIA |
B19065358 |
|
10 |
10302916 |
28/07/2011 |
4,696,400.00 |
SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD, CHENNAI - 600002, TamilNadu, INDIA |
B19075209 |
*Date of modification Charges
FINANCIAL RESULTS
During the year, the Company has made a Profit after Tax (PAT) of Rs.119.400 Million as against Rs. 24.900 Million for the previous year. The company achieved income from sales and operations of Rs.3736.000 Million and registered a growth of 20% over the previous year.
SUBSIDIARY COMPANY
The report and accounts for the year ended 31/03/13of the Subsidiary Company – Hemline Flavours Private Limited is annexed to this report along with the statement pursuant to section 212 of the Companies Act, 1956 in Annexure C. The company presently holds 99.61% of Share Capital of the Subsidiary Company.
FIXED ASSETS:
· Land
· Building
· Factory building
· Office building
· Plant and Machinery
· Office equipments
· Factory equipments
· Computer equipments
· Other equipments
· Furniture and Fixtures
· Vehicles
· Computer software
· Patents trademarks design
· Licenses
· Commercial contractual rights
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.63.70 |
|
|
1 |
Rs.98.91 |
|
Euro |
1 |
Rs.70.66 |
INFORMATION DETAILS
|
Information Gathered
by : |
GAY |
|
|
|
|
Analysis Done by
: |
KIL |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
51 |
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.