MIRA INFORM REPORT
|
Report No. : |
349188 |
|
Report Date : |
16.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
DISHA CLOTHINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Room No. 235-B, 2nd Floor, Kewal Industrial Estate,
Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra |
|
Tel. No.: |
91-22-24961715/ 16 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
06.04.2011 |
|
|
|
|
Com. Reg. No.: |
11-215851 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 13.522 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17291MH2011PTC215851 |
|
|
|
|
IEC No.: |
Not Applicable [As claimed by Company management the company does not Export and
Import] |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMD19346F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCD8017C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Fabrics. |
|
|
|
|
No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated
in 2011. It is engaged in to business of trading cotton fabric for
bottom-wear in domestic market. Mr. Indermal Gupta started the business as a
proprietorship firm in 1993, which was renamed to Disha Creations in 2005 and
was later converted into a private limited company named Disha Clothing
Private Limited in 2011. It operates as a wholesale dealer of cotton fabric
for ready-made garment manufacturers and retail textile dealers. It has satisfactory track record. The company has
reported a Profit after tax (PAT) of Rs. 4.97 million on net sales of Rs.
573.30 million for the year 2014 as compared to PAT of Rs. 4.35 million on
net sales of Rs. 285.22 million for the year 2013. The company has good net
worth base along with fair profitability. The ratings also
takes into consideration long experience and good marketing ability of the
promoters in the textile trading business and reputed supplier base
comprising of fabric mills. Trade relations
are reported to be fair. Business is active. Payments are slow but correct. The company can be
considered for normal 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 |
ICRA |
|
Rating |
Long Fund Based Limits=BB-(Stable) |
|
Rating Explanation |
Inadequate-credit-quality and high credit risk |
|
Date |
March, 2015 |
|
|
|
|
Rating Agency Name |
ICRA |
|
Rating |
Short term-Unallocated=A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk |
|
Date |
March, 2015 |
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. Hemant Kumar |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-24961715 |
|
Date : |
10.11.2015 |
LOCATIONS
|
Registered Office : |
Room No. 235-B, 2nd Floor, Kewal Industrial Estate,
Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India |
|
Tel. No.: |
91-22-24961715/ 16 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
157/5, Cavel, Cross Road, Kalbadevi, Mumbai-400002, Maharashtra, India |
|
|
|
|
Warehouse : |
Located at · Bhiwandi |
DIRECTORS
AS ON 28.09.2013
|
Name : |
Mr. Hemraj Gupta |
|
Designation : |
Director |
|
Address : |
B-308, Sangam Appartment, Building No 1, Shiv Sena Lane, Bhayander
(West), Thane-401101, Maharashtra, India |
|
Date of Birth/Age : |
08.04.1974 |
|
Date of Appointment : |
06.04.2011 |
|
DIN No.: |
03471444 |
|
|
|
|
Name : |
Mr. Parmod Kumar Gupta |
|
Designation : |
Director |
|
Address : |
B/308, Sangam Appartment Janatana Ga, Mumbai, 401101,
Maharashtra, India |
|
Date of Birth/Age : |
11.09.1980 |
|
Date of Appointment : |
06.04.2011 |
|
DIN No.: |
03471486 |
|
|
|
|
Name : |
Mr. Indermal Gupta |
|
Designation : |
Director |
|
Address : |
B-308, Sangam Appartments No. 1, Shivsena Gully, Bhayander
(West), Thane- 401101, Maharashtra, India |
|
Date of Birth/Age : |
10.10.1951 |
|
Date of Appointment : |
06.04.2011 |
|
DIN No.: |
03471530 |
|
|
|
|
Name : |
Mr. Parveen Gupta |
|
Designation : |
Director |
|
Address : |
Flat No. C-113, First Floor, Tirupati-Plaza, Balaji Nagar,
Bhayandar-West, Thane-401101, Maharashtra, India |
|
Date of Birth/Age : |
05.01.1979 |
|
Date of Appointment : |
06.04.2011 |
|
DIN No.: |
03476550 |
KEY EXECUTIVES
|
Name : |
Mr. Hemant Kumar |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Hemraj
Gupta |
|
105000 |
|
Pramod
Kumar Gupta |
|
100000 |
|
Indermal
Gupta |
|
105000 |
|
Parveen
Gupta |
|
100000 |
|
Pushpa
Devi Indermal Gupta |
|
20000 |
|
Priti
Devi Hemraj Gupta |
|
20000 |
|
Hemlata
Parveen Gupta |
|
20000 |
|
Sunita
Parmod Gupta |
|
20000 |
|
Indermal
Rameshar Gupta HUF |
|
25000 |
|
Hemraj
Gupta HUF |
|
15000 |
|
Parveen
Kumar Gupta HUF |
|
25000 |
|
Pramod
Kumar Gupta HUF |
|
10000 |
|
Lunkad
Textiles Private Limited, India |
|
62500 |
|
P.
Saji Textiles Limited, India |
|
75000 |
|
Vinod
Kumar Murarka |
|
7500 |
|
Anupama
M Jani |
|
12500 |
|
Harendra
M Jani HUF |
|
12500 |
|
Kanaiyalal
S Raval HUF |
|
22500 |
|
Kanubhai
P Raval HUF |
|
12500 |
|
Mahesh
Kumar Kanodia |
|
17500 |
|
Manhar
Madhusudan Jani HUF |
|
2500 |
|
Narendra
K Raval |
|
12500 |
|
Naresh
Kumar Kedia HUF |
|
15000 |
|
Paresh
V Raval HUF |
|
22500 |
|
Pradeep
M Joshi |
|
12500 |
|
Usha
Devi Murarka |
|
11250 |
|
Vijay
R. More |
|
5000 |
|
Total |
|
868750 |
AS ON 31.03.2015
|
Names of Allottees |
|
No. of Shares |
|
Ajay M Bhatt |
|
10200 |
|
East West Finvest India Limited, India |
|
30600 |
|
Nilesh M Bhatt |
|
30600 |
|
Purvi Finvest Limited, India |
|
63200 |
|
RajendraSingh Nehra |
|
10200 |
|
RajendraSingh Nehra HUF |
|
8100 |
|
Total |
|
152900 |
AS ON 28.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
34.53 |
|
Directors
or relatives of directors |
56.40 |
|
Others |
9.07 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Fabrics. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
|
|
Products : |
-- |
|
Countries : |
-- |
|
|
|
|
Imports : |
|
|
Products : |
-- |
|
Countries : |
-- |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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|
Customers : |
Wholesalers and Retailers
|
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|
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No. of Employees : |
15 (Approximately) |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Bankers : |
· State Bank of India Industrial Finance Branch, S.V. Road, Malad (West), Mumbai-400064,
Maharashtra, India |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
· Aditya Birla Finance Limited Indian Rayon Compound, Veraval-362266, Gujarat, India |
|
|
|
|
Auditors : |
|
|
Name : |
Subhash Kedia and Company Chartered Accountants |
|
Address : |
111/ 115, Dadi Seth Agiyary Lane, Kalbadevi Road, 3rd Floor, Office
No. 30, Mumbai-400002, Maharashtra, India |
|
Tel. No.: |
91-22-22012691 |
|
Mobile No.: |
91-9322256504 |
|
Income-tax
PAN of auditor or auditor's firm : |
AANPK4520E |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Disha Creation |
CAPITAL STRUCTURE
AFTER 28.09.2013
Authorised Capital : Rs. 49.000 Million
Issued, Subscribed & Paid-up Capital : 15.051 Million
AS ON 28.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,40,000 |
Equity Shares |
Rs. 100/- each |
Rs. 24.000 Million |
|
2500000 |
Equity Shares |
Rs. 10/- each |
Rs. 25.000 Million |
|
|
Total |
|
Rs. 49.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
868,750 |
Equity Shares |
Rs. 10/- each |
Rs. 8.688
Million |
|
|
|
|
|
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,40,000 |
Equity Shares |
Rs. 100/- each |
Rs. 24.000 Million |
|
2500000 |
Equity Shares |
Rs. 10/- each |
Rs. 25.000 Million |
|
|
Total |
|
Rs. 49.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1352200 |
Equity Shares |
Rs. 10/- each |
Rs. 13.522
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 |
13.522 |
8.688 |
5.650 |
|
(b) Reserves & Surplus |
52.541 |
30.647 |
17.184 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
66.063 |
39.335 |
22.834 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.014 |
0.007 |
0.006 |
|
(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) |
0.014 |
0.007 |
0.006 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
54.212 |
32.246 |
27.570 |
|
(b)
Trade payables |
55.937 |
66.098 |
16.911 |
|
(c)
Other current liabilities |
0.346 |
3.984 |
0.000 |
|
(d)
Short-term provisions |
0.000 |
0.000 |
1.939 |
|
Total
Current Liabilities (4) |
110.495 |
102.328 |
46.420 |
|
|
|
|
|
|
TOTAL |
176.572 |
141.670 |
69.260 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
0.501 |
0.364 |
0.162 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
0.000 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
0.501 |
0.364 |
0.162 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
89.856 |
59.854 |
34.851 |
|
(c)
Trade receivables |
84.130 |
71.949 |
29.424 |
|
(d)
Cash and cash equivalents |
0.692 |
0.803 |
0.704 |
|
(e)
Short-term loans and advances |
0.768 |
3.479 |
1.210 |
|
(f)
Other current assets |
0.625 |
5.221 |
2.909 |
|
Total
Current Assets |
176.071 |
141.306 |
69.098 |
|
|
|
|
|
|
TOTAL |
176.572 |
141.670 |
69.260 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
537.307 |
285.229 |
140.820 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
13.532 |
11.223 |
4.738 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.229 |
4.274 |
0.718 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7.303 |
6.949 |
4.020 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.117 |
0.430 |
0.115 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
7.186 |
6.519 |
3.905 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.213 |
2.168 |
1.321 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
4.973 |
4.351 |
2.584 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.68 |
5.01 |
4.57 |
|
|
PARTICULARS |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
586.900 |
|
|
|
|
|
Expected Sales (2015-2016): Rs. 600.000 Million
The above information has been parted by Mr. Hemant Kumar (Accountant)
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) |
(%) |
0.93 |
1.53 |
1.83 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
2.52 |
3.93 |
3.36 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.07 |
4.60 |
5.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.17 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.82 |
0.82 |
1.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.59 |
1.38 |
1.49 |
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 |
5.650 |
8.688 |
13.522 |
|
Reserves & Surplus |
17.184 |
30.647 |
52.541 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
22.834 |
39.335 |
66.063 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
27.570 |
32.246 |
54.212 |
|
Total
borrowings |
27.570 |
32.246 |
54.212 |
|
Debt/Equity
ratio |
1.207 |
0.820 |
0.821 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
140.820 |
285.229 |
537.307 |
|
|
|
102.549 |
88.377 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
140.820 |
285.229 |
537.307 |
|
Profit |
2.584 |
4.351 |
4.973 |
|
|
1.83% |
1.53% |
0.93% |
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 |
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 |
Yes |
|
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 |
Yes |
|
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 |
10579711 |
10/07/2015 |
99,000,000.00 |
THE COSMOS CO-OPERATIVE BANK LIMITED |
VILE PARLE BRANCH, NEHRU
ROAD,, VILE PARLE EAST, |
C58783325 |
|
2 |
10522643 |
25/06/2014 |
20,000,000.00 |
ADITYA BIRLA FINANCE LIMITED |
INDIAN RAYON
COMPOUND,, VERAVAL- 362266, GUJARAT, |
C23231434 |
FIXED ASSETS:
Tangible Assets
·
Furniture and Fixtures
·
Office Equipment
·
Computer
·
Air Conditioner
·
Mobile Handsets
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. 66.14 |
|
|
1 |
Rs. 100.55 |
|
Euro |
1 |
Rs. 71.26 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
ANK |
|
|
|
|
Report Prepared
by : |
IND |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
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 |
|
43 |
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.