MIRA INFORM REPORT
|
Report No. : |
347380 |
|
Report Date : |
03.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
INSTA EXHIBITIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
306, Garg Plaza, Local Shopping Centre, Sindhora Kalan, New Delhi –
110052 |
|
Tel. No.: |
91-22-40649200 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
16.01.2003 |
|
|
|
|
Com. Reg. No.: |
55-118523 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 13.449 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U92199DL2003PTC118523 |
|
|
|
|
IEC No.: |
0503034169 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCI1085P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in providing entertainment service and it also
engaged in the manufacturing of exhibition stand and portable display exhibition
solutions, modular exhibition solutions, modular exhibition solutions,
solutions for activation. |
|
|
|
|
No. of Employees
: |
Not Available [We tried to
confirm the number of employees but no one is ready to part any information
from the company management] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1130900 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established in the year 2003 engaged in providing entertainment
service and it also engaged in the manufacturing of exhibition stand and
portable display exhibition solutions, modular exhibition solutions, modular
exhibition solutions, solutions for activation. For the year ended 2014, company possesses moderate operational
performance and it has incurred loss from its operational during the year
under a review. However, rating takes into consideration company’s established track
record of business operations backed by promoter extensive industry experience
in entertainment segment. Rating also takes into consideration company’s satisfactory financial
profile marked by its sound net worth base along with average debt protection
indicates and favorable gap between trade payables to its receivables. Rating strength is partially offset by seasonality nature of business
operations and intense competition from the organized and unorganized player
in the industry. Trade relations are reported as fair. Payment terms are reported to be
slow but correct. The company can be considered for business dealings at usual trade
terms and condition. |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
CRISIL |
|
Rating |
Long Term Rating (Suspended)=B- |
|
Rating Explanation |
Risk-prone-credit-quality and carries very
high credit risk |
|
Date |
21.08.2014 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating (Suspended)=A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk |
|
Date |
21.08.2014 |
Reason for suspension: Absence of adequate information
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
31-03-2015.
INFORMATION DECLINED BY
|
Name : |
Ms. Kriti Das |
|
Designation : |
MIS Department |
|
Contact No.: |
91-22-40649200 |
|
Date : |
29.10.2015 |
LOCATIONS
|
Registered Office : |
306, Garg Plaza, Local Shopping Centre, Sindhora Kalan, New Delhi –
110052, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Head Office : |
B-602, |
|
Tel. No.: |
91-22-28251806 / 27/ 38 / 74 / 40649200 |
|
Fax No.: |
91-22-28251836 |
|
E-Mail : |
|
|
|
|
|
Regional Office : |
Located
at
|
|
|
|
|
Manufacturing Units : |
·
Plot No. 14, Sector 8-A, Integrated Industrial
Estate, SIDCUL, BHEL, Ranipur, District Haridwar-249403, Uttaranchal, India ·
Insta House, 1-A K. T. Industrial Estate, Billalpada,
Vasai Road (East), Thane-401210, Maharashtra, India ·
280/281, Phase-6, Sector-37 Udyog Vihar, Near
J.P.M Company |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Rajnikant Sharawan Kumar Kedia |
|
Designation : |
Managing director |
|
Address : |
B-603,Lakshachandi Apartments, Gokuldham, Goregaon (East),
Mumbai- 400063, Maharashtra, India |
|
Date of Appointment : |
16.01.2003 |
|
DIN No.: |
00712396 |
|
|
|
|
Name : |
Mr. Ved Prakash Kedia |
|
Designation : |
Director |
|
Address : |
40/703, Heritage City, Mg Road, Gurgaon-122002, Haryana,
India |
|
Date of Appointment : |
16.01.2003 |
|
DIN No.: |
00293412 |
|
|
|
|
Name : |
Mr. Mahesh Sharwankumar Kedia |
|
Designation : |
Director |
|
Address : |
B-603, Lakshchandi Apartments, Gokul Dham, Goregaon
(East), Mumbai- 400063, Maharashtra, India |
|
Date of Appointment : |
16.01.2006 |
|
DIN No.: |
00321944 |
|
|
|
|
Name : |
Mr. Debasish Manidrakumar Guha |
|
Designation : |
Additional director |
|
Address : |
B-304, 3rd Floor, Legend Apartments,, Behind Vakola
Church, Vakola, Santacruz (East), Mumbai-400055, Maharashtra, India |
|
Date of Appointment : |
23.12.2013 |
|
DIN No.: |
06761544 |
KEY EXECUTIVES
|
Name : |
Ms. Kriti Das |
|
Designation : |
MIS Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Rajnikant Kedia |
|
280090 |
|
Rajnikant Kedia HUF |
|
100720 |
|
Mahesh Kedia |
|
58210 |
|
Sharwan Kumar Kedia |
|
139280 |
|
Sharwan Kumar Kedia HUF |
|
25000 |
|
Ved Prakash Kedia |
|
468972 |
|
Preeti Kedia |
|
6450 |
|
Insta Vat Reclaim Private Limited |
|
166800 |
|
Insta Retail Solutions Private Limited |
|
38500 |
|
Sangeeta Kedia |
|
49240 |
|
Santosh Kedia |
|
9570 |
|
Ruchi
Kedia |
|
2000 |
|
Ved
Prakash Kedia ( HUF) |
|
10 |
|
Madhav
Shenoy |
|
10 |
|
Total |
|
1344852 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
15.26 |
|
Directors
or relatives of directors |
84.74 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in providing entertainment service and it also engaged
in the manufacturing of exhibition stand and portable display exhibition
solutions, modular exhibition solutions, modular exhibition solutions,
solutions for activation. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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|
Customers : |
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|
No. of Employees : |
Not Available [We tried to confirm
the number of employees but no one is ready to part any information from the
company management] |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
·
Axis Bank Limited Fort Branch, Universal
Insurance Building, Sir P.M. Road, Fort, Mumbai – 400001, Maharashtra, India |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
-- |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Chachan and Lath Chartered Accountants |
|
Address : |
303,307, Garg Plaza, Near Gulabi Bagh Telephone, Exchange, Gulabi
Bagh, New Delhi-110052, India |
|
Tel. No.: |
91-11-23654483/ 23655495 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AABFC7580J |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Subsidiary
Companies: |
·
Insta
Expo Display Holding AG, Switzerland ·
Exponents
Insta USA, INC., United · Insta Exhibition Sp. Zo.o., Poland |
|
|
|
|
Fellow
Subsidiaries: |
·
Insta
Expo Display Service AG, Switzerland ·
Expo
Display Service GmbH Germany ·
Expo
Display Service, SA, France ·
Expo
Display and Graphic Service BV, Holland ·
Expo
Display Service Handelsges MBH, Austria ·
Exhibition
Solution, Belgium |
|
|
|
|
Joint
Venture: |
E.D.S Middle East (LLC), Dubai, UAE |
|
|
|
|
Associates: |
·
Insta
Vat Reclaim Private Limited ·
Neo
Insta Retail Solutions Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 15.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,344,852 |
Equity Shares |
Rs. 10/- each |
Rs. 13.449
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 |
13.449 |
13.126 |
13.126 |
|
(b) Reserves & Surplus |
382.392 |
403.150 |
335.660 |
|
(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) |
395.841 |
416.276 |
348.786 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
50.012 |
79.836 |
49.705 |
|
(b) Deferred tax liabilities (Net) |
6.423 |
6.110 |
8.931 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
13.752 |
13.851 |
12.820 |
|
Total
Non-current Liabilities (3) |
70.187 |
99.797 |
71.456 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
148.475 |
153.954 |
162.417 |
|
(b)
Trade payables |
128.992 |
118.142 |
114.884 |
|
(c)
Other current liabilities |
129.122 |
131.848 |
150.997 |
|
(d)
Short-term provisions |
59.348 |
47.949 |
47.015 |
|
Total
Current Liabilities (4) |
465.937 |
451.893 |
475.313 |
|
|
|
|
|
|
TOTAL |
931.965 |
967.966 |
895.555 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
112.055 |
117.371 |
121.008 |
|
(ii)
Intangible Assets |
2.282 |
2.897 |
3.661 |
|
(iii)
Capital work-in-progress |
0.311 |
0.311 |
0.311 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
187.152 |
96.086 |
95.133 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
149.498 |
245.431 |
262.742 |
|
(e)
Other Non-current assets |
1.570 |
1.462 |
1.358 |
|
Total
Non-Current Assets |
452.868 |
463.558 |
484.213 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
83.793 |
77.902 |
73.192 |
|
(c)
Trade receivables |
266.669 |
290.153 |
237.594 |
|
(d)
Cash and cash equivalents |
2.900 |
2.215 |
9.972 |
|
(e)
Short-term loans and advances |
125.735 |
134.053 |
90.584 |
|
(f)
Other current assets |
0.000 |
0.085 |
0.000 |
|
Total
Current Assets |
479.097 |
504.408 |
411.342 |
|
|
|
|
|
|
TOTAL |
931.965 |
967.966 |
895.555 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
566.845 |
|
|
|
|
|
Other Income |
99.969 |
54.236 |
|
|
|
|
TOTAL |
666.814 |
788.527 |
933.278 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
600.823 |
681.476 |
815.904 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
65.991 |
107.051 |
117.374 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
10.647 |
10.966 |
9.802 |
|
|
|
|
|
|
|
|
|
|
EXCEPTIONAL
ITEMS |
77.960 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
(22.616) |
96.085 |
107.572 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
8.155 |
25.395 |
25.781 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
(30.771) |
70.690 |
81.791 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
209.155 |
161.665 |
99.874 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
20.000 |
20.000 |
|
|
|
Mat Credit reversal of Excess |
0.000 |
3.200 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
178.384 |
209.155 |
161.665 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Service Charges - Exhibitions |
71.898 |
122.008 |
299.623 |
|
|
|
Value of Exports |
101.286 |
81.156 |
144.860 |
|
|
|
Interest Income |
17.543 |
24.544 |
24.702 |
|
|
TOTAL EARNINGS |
190.727 |
227.708 |
469.185 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
16.456 |
11.626 |
9.137 |
|
|
|
Finished Products |
0.906 |
15.131 |
20.814 |
|
|
|
Prints and Other Items |
3.623 |
1.064 |
1.679 |
|
|
TOTAL IMPORTS |
20.985 |
27.821 |
31.630 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
49.07 |
81.56 |
89.42 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
27.276 |
19.934 |
39.577 |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from used in Operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(5.43) |
9.63 |
8.76 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(3.04) |
11.02 |
13.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.06) |
0.23 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.57 |
0.61 |
0.72 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.03 |
1.12 |
0.87 |
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 |
13.126 |
13.126 |
13.449 |
|
Reserves & Surplus |
335.660 |
403.150 |
382.392 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
348.786 |
416.276 |
395.841 |
|
|
|
|
|
|
Long-term borrowings |
49.705 |
79.836 |
50.012 |
|
Short term borrowings |
162.417 |
153.954 |
148.475 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
39.577 |
19.934 |
27.276 |
|
Total
borrowings |
251.699 |
253.724 |
225.763 |
|
Debt/Equity
ratio |
0.722 |
0.610 |
0.570 |
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 |
933.278 |
799.527 |
666.814 |
|
|
|
(14.331) |
(16.599) |
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 |
933.278 |
799.527 |
666.814 |
|
Profit |
81.791 |
70.690 |
(30.771) |
|
|
8.76% |
8.84% |
(4.61%) |
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 |
Yes |
|
8 |
Designation of contact person |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10392611 |
20/12/2012 |
10,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
11-13, ATLANTA BUILDING,
209, FIRST FLOOR, V.K SH |
B64386790 |
|
2 |
10372165 |
22/08/2012 |
32,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
11-13, ATLANTA
BUILDING, 209, FIRST FLOOR, V.K. S |
B56253818 |
|
3 |
10372163 |
21/08/2012 |
32,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
11-13, ATLANTA
BUILDING, 209, FIRST FLOOR, V.K. S |
B56253511 |
|
4 |
10270748 |
24/02/2011 |
20,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
11-13, ATLANTA
BUILDING,, 209, FIRST FLOOR, VK SH |
B07273436 |
|
5 |
10176732 |
16/09/2009 |
27,500,000.00 |
SMALL INDUSTIRES DEVELOPMENT BANK OF INDIA |
11-13, ATLANTA
BUILDING,, 209, FIRST FLOOR, VK SH |
A70300934 |
|
6 |
10023426 |
31/01/2013 * |
148,000,000.00 |
AXIS BANK LIMITED |
CORPROATE BANKING BRANCH,AXIS HOUSE,GR FLOOR, BOMBAY DYING MILL COMPOUND,P.B. MARG,WORLI, MUMBAI- 400025, MAHARASHTRA, INDIA |
B68781749 |
* Date of charge modification
FIXED ASSETS:
Tangible Assets
·
Leasehold Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
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. 65.48 |
|
|
1 |
Rs. 101.06 |
|
Euro |
1 |
Rs. 72.22 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
IND |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
44 |
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.