MIRA INFORM REPORT
|
Report No. : |
347962 |
|
Report Date : |
05.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
D C JOHAR AND SONS PRIVATE LIMITED (w.e.f. 04.08.1992) |
|
|
|
|
Formerly Known
As : |
D C JOHAR AND SONS LIMITED |
|
|
|
|
Registered Office
: |
27, Delite Theatre Building, V
H Road, Coimbatore – 641001, Tamilnadu |
|
Tel. No.: |
91-80-42042069 |
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|
|
|
Country : |
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Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
21.04.1948 |
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|
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|
Com. Reg. No.: |
18-000043 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 25.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52110TZ1948PTC000043 |
|
|
|
|
TIN No.: |
32070375562 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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|
Legal Form : |
Private Limited Liability Company. |
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|
|
|
Line of Business
: |
Distributor of GSK Products. |
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|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 218000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 1948, having satisfactory track
record. For the year 2014, the company has achieved decent sales turnover,
however reported very low profit margin. However, the company possesses adequate networth base marked by decent
cash accruals and there is favourable gap between trade payables and receivables. Trade relations are fair. Business is active. Payments are slow but
correct. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 |
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
31-03-2015.
INFORMATION DENIED
|
Name : |
Ms. Navaramani |
|
Designation : |
Accountant |
|
Contact No.: |
91-422-2390008 |
|
Date : |
31.10.2015 |
LOCATIONS
|
Registered Office : |
27, Delite Theatre Building, V
H Road, Coimbatore – 641001,
Tamilnadu, India |
|
Tel. No.: |
91-422-2390008 |
|
Mobile No.: |
91-9895055066 (Mr. Rahul Johar) |
|
Fax No.: |
91-422-4397038 |
|
E-Mail : |
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|
Website : |
|
|
|
|
|
Head Office : |
No.1013/E, 17th ‘E’ Cross, Indiranagar II Stage, Bangalore
- 560038, Karnataka, India |
|
Tel. No.: |
91-80-42042069 |
|
|
|
|
Import Office : |
V M Shah Road, J B Nagar, Behind Tarun Bharath Society, Mumbai – 400
099, Maharashtra, India |
|
|
|
|
Administrative Head Office: |
3rd Floor, Noor Trade Centre, Market Road, Ernakulam,
Cochin – 682011, Kerala, India |
|
Tel. No.: |
91-484-4077888 |
|
Fax No.: |
91-484-2382366 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Pravesh Pratap Johar |
|
Designation : |
Managing director |
|
Address : |
XL – 6295, Market Road, Ernakulam, Cochin – 682011, Kerala, India |
|
Date of Birth/Age : |
12.01.1949 |
|
Date of Appointment : |
11.02.1967 |
|
DIN No.: |
00016440 |
|
|
|
|
Name : |
Mr. Sushil Johar |
|
Designation : |
Director |
|
Address : |
XL – 6295, Market Road, Ernakulam, Cochin – 682011, Kerala, India |
|
Date of Birth/Age : |
21.06.1954 |
|
Date of Appointment : |
02.08.1982 |
|
DIN No.: |
00016431 |
|
|
|
|
Name : |
Mr. Madhukar Johar |
|
Designation : |
Director |
|
Address : |
XL – 6295, Market Road, Ernakulam, Cochin – 682011, Kerala, India |
|
Date of Birth/Age : |
14.04.1977 |
|
Date of Appointment : |
24.09.1997 |
|
DIN No.: |
00016430 |
|
|
|
|
Name : |
Mr. Rahul Johar |
|
Designation : |
Director |
|
Address : |
XL – 6295, Market Road, Ernakulam, Cochin – 682011, Kerala, India |
|
Date of Birth/Age : |
07.06.1979 |
|
Date of Appointment : |
28.02.2002 |
|
DIN No.: |
00016436 |
KEY EXECUTIVE
|
Name : |
Ms. Navaramani |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Pravesh Pratap Johar and Ramperkash Devi |
|
50 |
|
Ramperka Shdeviswill Trust, India |
|
20850 |
|
Pravesh Pratap Johar |
|
1184 |
|
Madhukar Johar |
|
25 |
|
Ramperkash Devi and Pravesh Pratap Johar |
|
80400 |
|
Ramperkash Devi and Pravesh Pratap Johar (Klsyndicate) |
|
3400 |
|
Ramperkash Devi and Pravesh Pratap Johar (Pjsyndicate) |
|
3400 |
|
Ramperkash Devi and Pravesh Pratap Johar (Saisyndicate) |
|
3400 |
|
Rahul Joha |
|
1070 |
|
Priyanka Johar |
|
1071 |
|
Johar Pratap |
|
1150 |
|
Universal Cosmetics Limited, India |
|
134000 |
|
Total |
|
250000 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.000 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributor of GSK Products. |
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|
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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 : |
Not Divulged |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
Corporation Bank, Cloth Bazzar Road, Ernakulam, Cochin - 682031, Kerala, India |
|||||||||||||||||||||
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Facilities : |
|
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Financial Institution : |
Sundaram BNP Paribas Home Finance Limited, 21, Patullos Road, Chennai - 600002, Tamilnadu, India |
|
|
|
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Auditors : |
|
|
Name : |
Ram and Gopal Chartered Accountants |
|
Address : |
7, Air India Road, Coimbatore – 641018, Tamilnadu, India |
|
PAN No.: |
AAEFR4353H |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
- |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.100/- each |
Rs.30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.100/-
each |
Rs.25.000
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 |
25.000 |
25.000 |
25.000 |
|
(b) Reserves &
Surplus |
51.445 |
56.224 |
53.752 |
|
(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) |
76.445 |
81.224 |
78.752 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
54.379 |
58.548 |
31.771 |
|
(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) |
54.379 |
58.548 |
31.771 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
34.806 |
20.463 |
19.725 |
|
(c) Other current
liabilities |
61.493 |
51.427 |
33.294 |
|
(d) Short-term provisions |
0.575 |
0.575 |
0.500 |
|
Total Current Liabilities
(4) |
96.874 |
72.465 |
53.519 |
|
|
|
|
|
|
TOTAL |
227.698 |
212.237 |
164.042 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
42.666 |
16.187 |
13.809 |
|
(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 |
5.763 |
5.763 |
5.886 |
|
(c) Deferred tax assets
(net) |
1.009 |
0.938 |
0.000 |
|
(d) Long-term Loan and Advances |
70.897 |
105.242 |
70.035 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
120.335 |
128.130 |
89.730 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
16.651 |
12.929 |
13.985 |
|
(c) Trade receivables |
72.269 |
50.245 |
41.875 |
|
(d) Cash and cash
equivalents |
6.438 |
7.008 |
5.964 |
|
(e) Short-term loans and
advances |
11.214 |
12.359 |
11.476 |
|
(f) Other current assets |
0.791 |
1.566 |
1.012 |
|
Total Current Assets |
107.363 |
84.107 |
74.312 |
|
|
|
|
|
|
TOTAL |
227.698 |
212.237 |
164.042 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
206.851 |
176.255 |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.593 |
5.265 |
8.491 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.528 |
2.328 |
1.798 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.065 |
2.937 |
6.693 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.060 |
(0.017) |
13.386 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.005 |
2.954 |
(6.693) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
(5.420) |
(7.892) |
(0.901) |
|
|
|
|
|
|
|
|
|
|
Appropriation |
|
|
|
|
|
|
Prior years IT and FBT paid |
(4.785) |
(0.093) |
NA |
|
|
|
Income tax |
0.000 |
(0.575) |
NA |
|
|
|
|
|
|
|
|
|
|
Balance Carried to the B/S |
(10.199) |
(5.420) |
(7.892) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.02 |
11.82 |
NA |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
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 |
(%) |
0.00 |
1.68 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.03 |
1.43 |
4.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.04 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.71 |
0.72 |
0.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11 |
1.16 |
1.39 |
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 |
25.000 |
25.000 |
25.000 |
|
Reserves & Surplus |
53.752 |
56.224 |
51.445 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
78.752 |
81.224 |
76.445 |
|
|
|
|
|
|
long-term borrowings |
31.771 |
58.548 |
54.379 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
31.771 |
58.548 |
54.379 |
|
Debt/Equity ratio |
0.403 |
0.721 |
0.711 |
YEAR ON YEAR GROWTH
|
Year on Year Growth |
|
31.03.2013 |
31.03.2014 |
|
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
|
176.255 |
206.851 |
|
|
|
17.359 |
NET PROFIT MARGIN
|
Net Profit Margin |
|
31.03.2013 |
31.03.2014 |
|
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
|
176.255 |
206.851 |
|
Profit |
|
2.954 |
0.005 |
|
|
|
1.68% |
0.00% |
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 |
Yes |
|
17 |
Details of sister concerns |
No |
|
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 |
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 |
UNSECURED LOAN
|
Particulars |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Term loans |
|
|
|
From Corporation Bank CBCA 185 |
0.000 |
0.026 |
|
From Pravesh Pratap Johar |
8.432 |
0.000 |
|
From Shareholders |
6.043 |
15.389 |
|
From BMW Finance Services |
2.161 |
2.832 |
|
Total |
16.636 |
18.247 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10471538 |
20/03/2014 * |
40,500,000.00 |
CORPORATION BANK |
ERNAKULAM CLOTH BAZAR ROAD BRANCH, ERNAKULAM, ERN |
C06463186 |
|
2 |
10409686 |
28/02/2013 |
15,000,000.00 |
Sundaram BNP Paribas Home Finance Limited |
21, PATULLOS ROAD,, CHENNAI, Tamil Nadu - 600002, |
B69897916 |
|
3 |
90009354 |
10/05/2005 |
145,000.00 |
CORPORATION BANK LIMITED |
CLOTH BAZAAR ROAD BRANCH, ERNAKULAM, Kerala - 6820 |
- |
|
4 |
90008936 |
29/11/2001 |
338,000.00 |
CORPORATIN BANK |
CLOTH BAZAAR RAOD BRANCH, ERNAKULAM, COCHIN, Tami |
- |
|
5 |
90008912 |
25/08/2001 |
210,000.00 |
CORPORATION BANK |
CLOTH BAZAR ROAD BRANCH, ERNAKULAM, Kerala, INDIA |
- |
|
6 |
90008239 |
13/01/1995 |
335,000.00 |
CORPORATION BANK LTD. |
XVI; 368-A; JEWS STREET, ERNAKULAM, COCHIN, Keral |
- |
|
7 |
90007944 |
30/03/2004 * |
18,500,000.00 |
PUNJAB NATIONAL BANK |
MARKET ROAD, ERNAKULAM, COCHIN, Kerala - 682011, |
- |
|
8 |
90007818 |
30/12/1987 |
116,000.00 |
ORIENTAL BANK OF COMMERCE |
COIMBATORE, ERNAKULAM, Kerala, INDIA |
- |
|
9 |
90007747 |
30/11/1991 * |
500,000.00 |
ORIENTAL BANK OF COMMERCE |
M. G. ROAD, ERNAKULAM, COCHIN, Kerala - 682035, I |
- |
|
10 |
90007718 |
25/04/1986 |
100,000.00 |
ORIENTAL BANK OF COMMERCE |
ERNAKULAM, ERNAKULAM, Kerala, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Land and
Buildings
- Plant and
Machinery
- Furniture and
Fixtures
- Electrical
and Telephone Installation
- Office Equipments
- Computer
- Vehicles
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.65.56 |
|
|
1 |
Rs.101.12 |
|
Euro |
1 |
Rs.71.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
AMR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
---- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.