MIRA
INFORM REPORT
|
Report No. : |
349568 |
|
Report Date : |
17.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
MY COUNTRY MOBILE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
208, |
|
Mob. No.: |
91-9967588440 (Mr. Abdullah Kapadia) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
12.11.2010 |
|
|
|
|
Com. Reg. No.: |
11-209992 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.100 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U60231MH2010PTC209992 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM39945D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCM8784N |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
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|
|
|
Line of Business
: |
Subject specializes in the telecom hubbing, Electronic distribution,
GSM service provider, CDMA service provider, Retail web sales, and wholesale
Termination and Providing Telecom solutions. |
|
|
|
|
No. of Employees
: |
65 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established in the year 2010 and it is a services provider
of telecommunication which includes GSM services, CDMA Services, retail web
sales and telecom hub. For the financial year ended 2014, company possesses weak operational
performance and it has incurred losses from its operational activities. Rating further constrained on account of company’s moderate financial
profile marked by negative net worth position and poor debt protection
indicators of the company. Payments are reported to be slow. The company can be considered for business dealings on safe and
secured 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 BY
|
Name : |
Sajid Bashir Kapadia |
|
Designation : |
Director |
|
Contact No.: |
91-8879473365 |
|
Date : |
06.11.2015 |
LOCATIONS
|
Registered Office : |
208, Raheja Plaza Building, Off Link Road, Andheri (West), Mumbai –
400053, Maharashtra, India |
|
Tel. No.: |
91-22-42935814/ 28232771/ 42954276 |
|
Mobile No.: |
91-9967588440 (Mr. A. Kapadia) 91-8879473365 (Mr. Krizzwan) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 sq. ft. |
|
Location : |
Rented |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Sajid Basir Kapadia |
|
Designation : |
Director |
|
Address : |
10/B, 10th Floor, Godrej Warldorf,
Lokhandwala, Andheri (W), Mumbai – 400 053, Maharashtra, India |
|
Date of Birth/Age : |
01.09.1974 |
|
Qualification : |
B.E. Mechanical |
|
Experience : |
20 Years |
|
Date of Appointment : |
01.12.2010 |
|
DIN No. : |
03346336 |
|
|
|
|
Name : |
Mr. Mahmadhanif Saidbhai Tai |
|
Designation : |
Director |
|
Address : |
At. PO. Dhamdachha, Taiwad, Via. Amalsad, Tal. Gandevi,
Navsari – 396 310, Gujarat, India |
|
Date of Birth/Age : |
28.03.1972 |
|
Qualification : |
B.Com |
|
Experience : |
10 Years |
|
Date of Appointment : |
01.03.2012 |
|
DIN No. : |
05217148 |
KEY EXECUTIVES
|
Name : |
Mr. Abdullah Kapadia |
|
Designation : |
HR |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
holding |
|
Sajid Basir Kapadia |
50000 |
50.00 |
|
Mahmadhanif Saidbhai Tai |
50000 |
50.00 |
|
Total |
100000 |
100.00 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject specializes in the telecom hubbing, Electronic
distribution, GSM service provider, CDMA service provider, Retail web sales,
and wholesale Termination and Providing Telecom solutions. |
|
|
|
|
Products : |
· Telecom Hubbing · GSM Service ·
CDMA Service ·
Telecom Solutions |
|
|
|
|
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 : |
Credit (15 days) |
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|
|
|
Purchasing : |
Credit (15 days) |
GENERAL INFORMATION
|
Suppliers : |
·
Calltrade Address: Calltrade Carrier Services, 421 7th
Ave, Suite 1208 NY 1001 United States of America Pho. No.: +1(917)2620634 |
||||||||||||||||||||||
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Customers : |
·
Feroval Telefono Limited Address: 3 Griva Digenies Patsalos House,
Office 203 Larnaca, 6030 ·
Telebiz International FZC Address: Q1-05 048/C, Saif Zone, P.O. Box#
122948, Sherjah, U.A.E. ·
PTGi-ICS Address: 13800 Coppermine Road, Suite 224,
Herndon, VA, 20171, USA |
||||||||||||||||||||||
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No. of Employees : |
65 (Approximately) |
||||||||||||||||||||||
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|
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Bankers : |
·
HDFC Bank Limited, Ground Floor, Samarth Nagar,
Andheri (West), Po. Azad Nagar, Mumbai, Maharashtra, India A/c No.: 13577630000600 ·
ING Vyasa Bank ·
HDFC Bank, Marve Road, Orlem, Malad (West),
Mumbai – 400064, Maharashtra, India A/C No.: 50200010237172 ·
HSBC Bank, E-003/004 Manish Garden, J P Road,
Andheri (West), Mumbai – 400058, Maharashtra, India A/C No.:
110224557001 ·
Citi Bank, Bombay Mutual Building, 293, Dr. D N
Road, Fort, Mumbai – 400001, Maharashtra, India A/C No.: 0054074115 |
||||||||||||||||||||||
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|
|
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Auditors : |
|
|
Name : |
Sunita Agrawal and Company Chartered Accountants |
|
Address : |
103, 2B, Patliputra CHS, Oshiwara, Jogeshwari (West), Mumbai – 400
102, Maharashtra, India |
|
Tel. No.: |
91-22-40214499 |
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PAN
No.: |
ABEFS8102J |
|
|
|
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Memberships : |
-- |
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|
|
|
Collaborators : |
-- |
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|
|
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Associates/Subsidiaries : |
·
My India Mobile Private Limited Address: 208, Raheja
Plaza, Off Link Road, Andheri (West), Mumbai – 400053, Maharashtra, India ·
Namaste Mobile Private Limited Address: 208, Raheja
Plaza, Off Link Road, Andheri (West), Mumbai – 400053, Maharashtra, India ·
Prepaid Mall Private Limited Address: 208, Raheja
Plaza, Off Link Road, Andheri (West), Mumbai – 400053, Maharashtra, India ·
Swadesh Mobile Private Limited Address: 208, Raheja
Plaza, Off Link Road, Andheri (West), Mumbai – 400053, Maharashtra, India ·
My Mobile Private Limited Address: 208, Raheja
Plaza, Off Link Road, Andheri (West), Mumbai – 400053, Maharashtra, India ·
Swadesh Beverages Private Limited Address: 208, Raheja
Plaza, Off Link Road, Andheri (West), Mumbai – 400053, Maharashtra, India ·
Swadesh Infrastructure Private Limited Address: 208, Raheja Plaza,
Off Link Road, Andheri (West), Mumbai – 400053, Maharashtra, India |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
|
|
|
|
|
AFTER 30.09.2014
Authorised Capital: Rs. 30.000 Million
Issued, Subscribed & Paid-up Capital: Rs. 30.000
Million
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)
Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
0.456 |
(0.155) |
(0.151) |
|
(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) |
0.556 |
(0.055) |
(0.051) |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.044 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
62.205 |
0.000 |
0.000 |
|
(d) Long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
62.249 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
8.644 |
0.018 |
2.029 |
|
(c) Other current
liabilities |
3.932 |
4.194 |
1.150 |
|
(d) Short-term provisions |
1.960 |
0.045 |
1.126 |
|
Total Current Liabilities (4) |
14.536 |
4.257 |
4.305 |
|
|
|
|
|
|
TOTAL |
77.341 |
4.202 |
4.254 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.765 |
0.000 |
0.000 |
|
(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 |
0.765 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
52.554 |
0.035 |
0.000 |
|
(d) Cash and cash
equivalents |
23.628 |
1.153 |
1.981 |
|
(e) Short-term loans and
advances |
0.094 |
3.012 |
2.273 |
|
(f) Other current assets |
0.300 |
0.002 |
0.000 |
|
Total Current Assets |
76.576 |
4.202 |
4.254 |
|
|
|
|
|
|
TOTAL |
77.341 |
4.202 |
4.254 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations (Net) |
2326.533 |
5.398 |
18.148 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL |
2326.533 |
5.398 |
18.148 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods sold |
2308.847 |
0.806 |
12.560 |
|
|
|
Employee Benefits Expenses |
4.445 |
2.574 |
1.491 |
|
|
|
Other Expenses |
12.192 |
2.022 |
4.248 |
|
|
|
TOTAL |
2325.484 |
5.402 |
18.299 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1.049 |
(0.004) |
(0.151) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.049 |
(0.004) |
(0.151) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.201 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
0.848 |
(0.004) |
(0.151) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.237 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
0.611 |
(0.004) |
(0.151) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
61.10 |
(0.40) |
(15.10) |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.03
|
(0.07) |
(0.83) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Sales) |
(%) |
0.00
|
(0.07) |
(0.83) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.04
|
(0.10) |
(3.55) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.52
|
0.07 |
2.96 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.99
|
0.99 |
0.99 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
(0.151) |
(0.155) |
0.456 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
(0.051) |
(0.055) |
0.556 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
18.148 |
5.398 |
2326.533 |
|
|
|
(70.256) |
42,999.907 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
18.148 |
5.398 |
2326.533 |
|
Profit |
(151.000) |
(0.004) |
0.611 |
|
|
(832.05%) |
(0.07%) |
0.03% |
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 |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
---- |
|
33 |
Market information |
---- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE:
The registered
address of the company has been shifted from 602-B, Dhantak Plaza, Makwana Road, Marol,
Andheri (East), Mumbai – 400 059, Maharashtra to the present address w.e.f. 22.10.2012.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10591080 |
27/08/2015 |
150,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
C64271448 |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 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] 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. 66.17 |
|
UK Pound |
1 |
Rs. 100.66 |
|
Euro |
1 |
Rs. 70.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
-- |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
11 |
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.