MIRA INFORM REPORT
|
Report No. : |
348357 |
|
Report Date : |
06.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
ARROW DIGITAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1005-06, Aditya Near Sardarpatel Seva Samaj, Navrangpura,
Ahmedabad-380009, Gujarat |
|
Tel. No.: |
91-79-26404017/ 18 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
02.05.2003 |
|
|
|
|
Com. Reg. No.: |
04-042332 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.400 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29294GJ2003PTC042332 |
|
|
|
|
IEC No.: |
0803003706 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA2215J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Digital Printing and Cutting Markets, Glass Printing Machine,
Ceramic Tiles Printing Machines. |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Exist |
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|
|
|
Comments : |
Subject was incorporated in the year 2003 and it is a trader of
digital printing machinery which includes glass printing machinery and
ceramic tiles printing machinery. For the financial year ended 2014, revenue of the company has
marginally declined by 4.63% but it has maintained above average profit
margins at 5.76% during the year under a review. Rating takes into consideration company’s satisfactory financial
profile marked by its adequate net worth base along with healthy debt coverage
indicators and favorable liquidity position. Rating also takes into account of company’s established track record
of business operations and extensive industry experience of promoters in
trading business. Trade relations are reported as fair. Payment terms are reported to be
usually 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
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 PARTED BY
|
Name : |
Mr. Samir Patel |
|
Designation : |
Director |
|
Contact No.: |
91-9712999702 |
|
Date : |
04.11.2015 |
LOCATIONS
|
Registered Office : |
1005-06, Aditya Near Sardarpatel Seva Samaj, Navrangpura,
Ahmedabad-380009, Gujarat, India |
|
Tel. No.: |
91-79-26404017/ 18 |
|
Mobile No.: |
91-9712999702 (Mr. Samir Patel) |
|
Fax No.: |
91-79-26404018 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
Owned |
|
Location : |
Commercial |
|
|
|
|
Branch Offices : |
Located at: · Bangalore · New Delhi · Mumbai |
DIRECTORS
AS ON 17.09.2011
|
Name : |
Mrs. Usha Pravinbhai Patel |
|
Designation : |
Director |
|
Address : |
15 Friends Colony, Near. D K Patel Hall,, Naranpura,, Ahmedabad-380013,
Gujarat, India |
|
Date of Birth/Age : |
06.06.1936 |
|
Date of Appointment : |
02.05.2003 |
|
DIN No.: |
00670312 |
|
|
|
|
Name : |
Mr. Samir Patel |
|
Designation : |
Director |
|
Address : |
15 Friends Colony, Opposite D K Patel Hal, Naranpura,
Ahmedabad-380013, Gujarat, India |
|
Date of Birth/Age : |
07.09.1962 |
|
Date of Appointment : |
01.04.2004 |
|
DIN No.: |
02220295 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 17.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Samir Patel |
|
39900 |
|
Shrujal Sudhirbhai Patel |
|
85 |
|
Ganeshbhai V Patel |
|
1 |
|
Jayesh G Patel |
|
1 |
|
Pravin Rajendra Patel |
|
1 |
|
Rajendra M Patel |
|
1 |
|
Dipikaben G Patel |
|
1 |
|
Bharat K Patel |
|
1 |
|
Brinda K Patel |
|
1 |
|
Naresh Ganesh Patel |
|
1 |
|
Narmada P Patel |
|
1 |
|
Pruthvi R Patel |
|
1 |
|
Navinbhai H Patel |
|
1 |
|
Ranak R Patel |
|
1 |
|
Sapana P Patel |
|
1 |
|
Vimla H Patel |
|
1 |
|
Haresh G Patel |
|
1 |
|
Total |
|
40000 |
AS ON 17.09.2011
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Digital Printing and Cutting Markets, Glass Printing
Machine, Ceramic Tiles Printing Machines. |
|
|
|
|
Brand Names : |
-- |
|
|
|
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Agencies Held : |
-- |
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Exports : |
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Products : |
-- |
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Countries : |
-- |
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Imports : |
|
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Products : |
Printers |
|
Countries : |
Japan |
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|
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Terms : |
|
|
Selling : |
Cash and Credit (30 days, 60 days and 90 days) |
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|
|
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Purchasing : |
Cash and Credit (30 days, 60 days and 90 days) |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users and OEMs
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No. of Employees : |
20 (Approximately) |
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Bankers : |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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|
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Auditors : |
|
|
Name : |
K.C. Associates Chartered Accountants |
|
Address : |
804, Saffron Tower, Near Center Point, Panchvati, Ambawadi, Ahmedabad-
380006, Gujarat, India |
|
Tel. No.: |
91-79-26431277 |
|
Mobile No.: |
91-9327005622 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
ADAPS7308E |
|
|
|
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Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.400
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 |
0.400 |
0.400 |
0.400 |
|
(b) Reserves & Surplus |
178.210 |
152.626 |
112.481 |
|
(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) |
178.610 |
153.026 |
112.881 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
18.449 |
37.418 |
30.590 |
|
(b) Deferred tax liabilities (Net) |
1.449 |
1.398 |
1.331 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.833 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
20.731 |
38.816 |
31.921 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
27.322 |
78.583 |
108.237 |
|
(c)
Other current liabilities |
7.412 |
10.156 |
19.802 |
|
(d)
Short-term provisions |
0.739 |
6.328 |
3.755 |
|
Total
Current Liabilities (4) |
35.473 |
95.067 |
131.794 |
|
|
|
|
|
|
TOTAL |
234.814 |
286.909 |
276.596 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
38.774 |
43.673 |
36.442 |
|
(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 |
11.655 |
9.891 |
23.352 |
|
(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 |
50.429 |
53.564 |
59.794 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
50.623 |
48.952 |
20.923 |
|
(c)
Trade receivables |
52.089 |
88.006 |
68.778 |
|
(d)
Cash and cash equivalents |
75.659 |
86.332 |
124.286 |
|
(e)
Short-term loans and advances |
6.014 |
10.055 |
2.815 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
184.385 |
233.345 |
216.802 |
|
|
|
|
|
|
TOTAL |
234.814 |
286.909 |
276.596 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
442.021 |
462.539 |
427.679 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
43.327 |
66.084 |
48.556 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.375 |
5.322 |
5.063 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
37.952 |
60.762 |
43.493 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
12.369 |
20.616 |
13.721 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
25.583 |
40.146 |
29.772 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
639.58 |
1003.65 |
744.3 |
|
|
PARTICULARS |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
450.000 |
|
|
|
|
|
The above information has been parted by Mr. Samir Patel (Director)
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 (PAT / Sales) |
(%) |
5.79 |
8.68 |
6.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.01 |
21.93 |
17.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.40 |
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.10 |
0.24 |
0.27 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.20 |
2.45 |
1.65 |
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 |
0.400 |
0.400 |
0.400 |
|
Reserves & Surplus |
112.481 |
152.626 |
178.210 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
112.881 |
153.026 |
178.610 |
|
|
|
|
|
|
Long-term borrowings |
30.590 |
37.418 |
18.449 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
30.590 |
37.418 |
18.449 |
|
Debt/Equity
ratio |
0.271 |
0.245 |
0.103 |
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) |
|
Turnover |
427.679 |
462.539 |
442.021 |
|
|
|
8.151 |
(4.436) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Turnover |
427.679 |
462.539 |
442.021 |
|
Profit |
29.772 |
40.146 |
25.583 |
|
|
6.96% |
8.68% |
5.79% |
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) |
Yes |
|
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 |
No |
|
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS:
|
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|
S.NO.
Name of the Petitioner Advocate On Record 1
GOKUL CERAMICS PVT. LTD.,
MS MEGHA JANI for: Petitioner(s) |
||||||||||||||||||||
|
S.NO.
Name of the Petitioner Advocate On Record 1
M/S ARROW DIGITAL PVT. LTD.,
MR JIGAR D DAVE for :Respondent(s) |
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LowerCourt
Details |
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|
S.No.
LowerCourt LowerCourtName JudgeName Judgmentdate
CaseDetail 1
SUMMARY SUIT - CITY
CIVIL COURT ---
13/08/2015
REGULAR/1006/2014 COURT,
AHMEDABAD |
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|
Office Details |
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|
S. No.
Filing Date Document Name Advocate Name Court Fee Document Details
on
Document 1 31/08/2015 VAKALATNAMA MS MEGHA JANI 5 MS MEGHA JANI(1028)
for
ADVOCATE
P:1
for PETITIONER(s)
2
31/08/2015 CERTIFIED
COPY MS MEGHA JANI 5 MS MEGHA ADVOCAE
JANI(1028), for
for PETITIONER(s) P:1
3
09/09/2015 AFFIDAVIT OF
DS MS MEGHA JANI 100 MS MEGHA ADVOCATE
JANI(1028), for
for PETITIONER(s) 4
09/09/2015 AFFIDAVIT OF DS MS MEGHA JANI 0 MS MEGHA
ADVOCATE
JANI(1028) for P:1
for PETITIONER(s) 5
11/09/2015 VAKALATNAMA MR JIGAR D DAVE 5
MR JIGAR D
ADVOCATE
DAVE(6528) for
|
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|
Court
Proceedings |
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|
S. No.
Notified Date
CourtCode Board Sr. Stage Action Coram
No 1 01/09/2015 17 3 FIXED HONOURABLE
ADMISSION NOTICE MR.JUSTICE S.G.SHAH (FRESH
MATTERS) 2
11/09/2015 17 60 NOTICE & NEXT HONOURABLE
ADJOURNED DATE MR.JUSTICE S.G.SHAH
MATTERS 3
08/10/2015
17 67 NOTICE & NEXT HONOURABLE
ADJOURNED DATE MR.JUSTICE S.G.SHAH
MATTERS 4 05/11/2015
17 111 NOTICE &
HONOURABLE
ADJOURNED MR.JUSTICE S.G.SHAH
MATTERS |
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INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and Advances from Directors and
Shareholders |
18.449 |
37.418 |
|
|
|
|
|
Total |
18.449 |
37.418 |
FIXED ASSETS:
Tangible Assets
·
Air Conditioner
·
Electrical Fittings
·
Factory
·
Plant and Machinery
·
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 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. 65.68 |
|
|
1 |
Rs. 101.02 |
|
Euro |
1 |
Rs. 71.35 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
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 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
45 |
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.