MIRA
INFORM REPORT
|
Report No. : |
351260 |
|
Report Date : |
25.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
ESWARI GLOBAL METAL INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
11-2-149/17, |
|
Tel. No.: |
91-824-2410262 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
22.05.2013 |
|
|
|
|
Com. Reg. No.: |
08-069223 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. Rs. 52.420 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27205KA2013PTC069223 |
|
|
|
|
IEC No.: |
0704017245 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCE5946P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Lead and Lead Alloy. |
|
|
|
|
No. of Employees
: |
140 (Approximately) (Office + Factory) (20+120) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
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 : |
That subject was erstwhile a partnership concern named “Eswari Metal
industries”, and later the name got converted into “Eswari Global Metal
Industries” and further it got converted into Private Limited Company with
effect from 22nd May 2013. Further they have continued commercial
activities from 1986, as claimed by Mr. Shiva (Marketing and Sales Executive)
As per the available financials of the year 2015, the company has
reported decent increase in its revenue base along with thin profit margin. However, the company has modest networth base and has high but
decreasing debt level. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. In view of long track of Business operations along with well-educated
and experienced management term, the company can be considered for business
dealings with 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 |
CRISIL |
|
Rating |
Long Term Rating (BB+) |
|
Rating Explanation |
In adequate credit quality and high credit risk. |
|
Date |
July 14, 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. A. Shiva |
|
Designation : |
Marketing Sales Manager |
|
Contact No.: |
91-9980563009 |
|
Date : |
21.11.2015 |
LOCATIONS
|
Registered Office : |
11-2-149/17, 148 Jodumutt Street, Mangalore – 575001, Karnataka, India
|
|
Tel. No.: |
91-824-2410262 |
|
Mobile No.: |
91-9980563009 (Mr. A. Shiva) |
|
Fax No.: |
91-824-2410262 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
|
|
|
Corporate Office : |
No. 17 and 18, United Plaza, Ground Floor, Jadu Mutt Street, Mangalore
– 575001, Karnataka, India |
|
|
|
|
Factory : |
Plot No. 96, 97 and 101, A and B Baikampady Industrial Area,
Paikamvadi, Mangalore – 575011, Karnataka, India |
|
Tel. No.: |
91-824-2407861/ 2407961/ 2409963 |
|
Fax No.: |
91-824-2407961 |
|
E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
|
Name : |
Mr. Palaniappan Ramalingam |
|
Designation : |
Director |
|
Address : |
1-19-1423/1 Annai Illam, Marigudi Compound, Urwa Market, Mangalore, 575006, Karnataka, India |
|
Date of Birth/Age : |
04.08.1955 |
|
Qualification : |
B. Sc. |
|
Experience : |
33. Years |
|
Date of Appointment : |
22.05.2013 |
|
DIN No.: |
01640475 |
|
|
|
|
Name : |
Mr. Palaniappan Chandrasekaran |
|
Designation : |
Director |
|
Address : |
24, A-B V.V.C. Road, R.S. Puram, Coimbatore - 641002, Tamilnadu, India |
|
Date of Birth/Age : |
15.09.1952 |
|
Qualification : |
B.Sc. |
|
Experience : |
36 Years |
|
Date of Appointment : |
22.05.2013 |
|
DIN No.: |
01640507 |
|
|
|
|
Name : |
Mr. Palaniyappa Chettiar Anbalagan |
|
Designation : |
Director |
|
Address : |
24a, V.C.C. Road, R S Puram, Coimbatore, 641002, Tamil Nadu, India |
|
Date of Birth/Age : |
15.01.1948 |
|
Qualification : |
B. Sc. |
|
Experience : |
40 Years |
|
Date of Appointment : |
22.05.2013 |
|
DIN No.: |
01640584 |
|
|
|
|
Name : |
Mr. Chandrasekaran Pradeep |
|
Designation : |
Director |
|
Address : |
24, A-B V.V.C. Road, R.S. Puram, Coimbatore - 641002, Tamilnadu, India |
|
Date of Birth/Age : |
11.07.1981 |
|
Qualification : |
B. E |
|
Experience : |
10 Years |
|
Date of Appointment : |
22.05.2013 |
|
DIN No.: |
01658756 |
|
|
|
|
Name : |
Mr. Palaniyappa Arumugam |
|
Designation : |
Director |
|
Address : |
15-19-1423/1, Annai Illam, Marigudi Compound, Near Urva Market, Ashok Nagar, Mangalore, 560050, Karnataka, India |
|
Date of Birth/Age : |
02.05.1959 |
|
Qualification : |
PUC |
|
Experience : |
28 Years |
|
Date of Appointment : |
22.05.2013 |
|
DIN No.: |
01658802 |
|
|
|
|
Name : |
Mr. Sabarinathan Anbalagan |
|
Designation : |
Director |
|
Address : |
Anni Illam, No.24, V.V.Layout, R.S. Puram, Coimbatore, 641002, Tamilnadu, India |
|
Date of Birth/Age : |
11.10.1979 |
|
Qualification : |
B. E |
|
Experience : |
10 Years |
|
Date of Appointment : |
22.05.2013 |
|
DIN No.: |
02587384 |
|
|
|
|
Name : |
Mr. Chandrasekaran Prasath |
|
Designation : |
Director |
|
Address : |
24-A-B, V.V.C. Road, R.S. Puram, Coimbatore, 641002, Tamilnadu, India |
|
Date of Birth/Age : |
26.03.1984 |
|
Qualification : |
B. E |
|
Experience : |
8 Years |
|
Date of Appointment : |
22.05.2013 |
|
DIN No.: |
02587396 |
|
|
|
|
Name : |
Mr. Bharanikumar Chandrasekaran |
|
Designation : |
Director |
|
Address : |
Anna ILLAM, No.24 A - B, VVC Road, Rs Puram, Coimbatore, 641002, Tamilnadu, India |
|
Date of Birth/Age : |
18.07.1984 |
|
Qualification : |
B. E |
|
Experience : |
12 Years |
|
Date of Appointment : |
22.05.2013 |
|
DIN No.: |
02606323 |
|
|
|
|
Name : |
Mr. Arumugam Hari Sudhan |
|
Designation : |
Director |
|
Address : |
#15-9-1423-4, Annai Illam, Marigudi Compound, Near Urwa Market, Mangalore, 575006, Karnataka, India |
|
Date of Birth/Age : |
02.09.1990 |
|
Qualification : |
B. E |
|
Experience : |
8 Years |
|
Date of Appointment : |
15.01.2015 |
|
DIN No.: |
06865507 |
KEY EXECUTIVES
|
Name : |
Mr. A. Shiva |
|
Designation : |
Marketing Sales Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Mr. Palaniappan Ramalingam |
582440 |
11.11 |
|
Mr. Palaniappan Chandrasekaran |
582440 |
11.11 |
|
Mr. Palaniyappa Chettiar Anbalagan |
582440 |
11.11 |
|
Mr. Chandrasekaran Pradeep |
582440 |
11.11 |
|
Mr. Palaniyappa Arumugam |
582440 |
11.11 |
|
Mr. Sabarinathan Anbalagan |
582440 |
11.11 |
|
Mr. Chandrasekaran Prasath |
582440 |
11.11 |
|
Mr. Bharanikumar Chandrasekaran |
582440 |
11.11 |
|
Mr. Arumugam Hari Sudhan |
582440 |
11.12 |
|
Total |
5241960 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Lead and Lead Alloy. |
|
|
|
|
Products : |
Lead and Lead Alloy |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
·
European Countries ·
South East Asia |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
South East Asia |
|
|
|
|
Terms : |
|
|
Selling : |
L/C and cash |
|
|
|
|
Purchasing : |
Others |
PRODUCTION STATUS NOT AVAILABLE
|
Particulars |
Installed
Capacity |
Actual
Production |
|
Lead and Lead Alloy |
32000 M Tonn |
11065 M Tonn |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
Customers : |
Others
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
No. of Employees : |
140 (Approximately) (Office + Factory) (20+120) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
||||||
|
Name : |
Rao and Basri Chartered Accountants |
||||||
|
Address : |
G-1 Sierra Vista Apartment, Ballabagh, Mangalore – 575003, Karnataka,
India |
||||||
|
Tel. No.: |
91-824-2459614/ 2453614 |
||||||
|
E-Mail : |
|||||||
|
|
|
||||||
|
Memberships : |
-- |
||||||
|
|
|
||||||
|
Collaborators : |
-- |
||||||
|
|
|
||||||
|
Associates/Subsidiaries : |
|
CAPITAL STRUCTURE
As on: 31.03.2015
Authorised Capital : Rs. 52.420 Million
Issued, Subscribed & Paid-up Capital : Rs. 52.420
Million
FINANCIAL DATA
[all figures are in
Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
52.420 |
|
(b) Reserves & Surplus |
|
|
15.029 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
67.449 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
67.937 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c) Other long term liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
0.000 |
|
Total Non-current Liabilities (3) |
|
|
67.937 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
167.925 |
|
(b) Trade payables |
|
|
5.168 |
|
(c) Other current
liabilities |
|
|
10.796 |
|
(d) Short-term provisions |
|
|
16.692 |
|
Total Current Liabilities (4) |
|
|
200.581 |
|
|
|
|
|
|
TOTAL |
|
|
335.967 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
62.780 |
|
(ii) Intangible Assets |
|
|
0.000 |
|
(iii) Capital
work-in-progress |
|
|
0.083 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
2.238 |
|
(e) Other Non-current assets |
|
|
0.000 |
|
Total Non-Current Assets |
|
|
65.101 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
110.487 |
|
(c) Trade receivables |
|
|
69.558 |
|
(d) Cash and cash
equivalents |
|
|
1.930 |
|
(e) Short-term loans and
advances |
|
|
58.418 |
|
(f) Other current assets |
|
|
30.473 |
|
Total Current Assets |
|
|
270.866 |
|
|
|
|
|
|
TOTAL |
|
|
335.967 |
ESWARI
GLOBAL METAL INDUSTRIES
(FORMERLY
KNOWN AS ESWARI METAL INDUSTRIES)
(PARTNERSHIP
CONCERN)
|
SOURCES OF FUNDS |
|
31.03.2014 |
31.03.2013 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partner Capital |
|
93.504 |
82.206 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
93.504 |
82.206 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
186.311 |
110.825 |
|
|
2] Unsecured Loans |
|
10.686 |
2.948 |
|
|
TOTAL BORROWING |
|
196.997 |
113.773 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
290.501 |
195.979 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
59.712 |
52.430 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
66.515 |
34.897 |
|
|
Sundry Debtors |
|
99.431 |
71.921 |
|
|
Cash & Bank Balances |
|
1.740 |
1.194 |
|
|
Other Current Assets |
|
4.244 |
3.568 |
|
|
Loans & Advances |
|
121.701 |
60.714 |
|
Total
Current Assets |
|
293.631 |
172.294 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
45.988 |
20.518 |
|
|
Other Current Liabilities |
|
16.853 |
8.227 |
|
|
Expenses Payable |
|
0.000 |
0.000 |
|
Total
Current Liabilities |
|
62.841 |
28.745 |
|
|
Net Current Assets |
|
230.790 |
143.559 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
290.501 |
195.979 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
(Partnership Concern ) |
(Partnership Concern ) |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1589.531 |
1676.754 |
1045.429 |
|
|
|
Other Income |
43.110 |
46.147 |
19.719 |
|
|
|
TOTAL |
1632.641 |
1722.901 |
1065.148 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1356.535 |
1549.665 |
945.041 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(43.972) |
0.000 |
0.000 |
|
|
|
Employees benefits expense |
57.547 |
0.000 |
0.000 |
|
|
|
Administrative and Other
expenses |
204.253 |
108.011 |
76.312 |
|
|
|
TOTAL |
1574.363 |
1657.676 |
1021.353 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
58.278 |
65.225 |
43.795 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
26.746 |
20.642 |
13.742 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND
AMORTISATION |
31.532 |
44.583 |
30.053 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
9.003 |
8.660 |
6.562 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
22.529 |
35.923 |
23.491 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
7.500 |
11.000 |
6.071 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
15.029 |
24.923 |
17.420 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.87 |
- |
- |
|
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 flows from operating activities |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.95 |
1.49 |
1.67 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
3.67 |
3.89 |
4.19 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.71 |
10.17 |
10.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33 |
0.38 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.50 |
2.11 |
1.38 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35 |
3.99 |
5.44 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
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 |
1045.429 |
1676.754 |
1589.531 |
|
|
|
60.389 |
(5.202) |
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 |
1045.429 |
1676.754 |
1589.531 |
|
Profit |
17.420 |
24.923 |
15.029 |
|
|
1.67% |
1.49% |
0.95% |
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 |
Yes |
|
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 |
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 CAHREGS:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10495335 |
31/10/2014 * |
1,343,000,000.00 |
TAMILNAD MERCANTILE BANK LIMITED |
MANGALORE BRANCH, AZIZUDDIN ROAD, BUNDER, MANGALORE - 575001, KARNATAKA, INDIA |
C36301497 |
* Date
of charge modification
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.66.38 |
|
|
1 |
Rs.100.45 |
|
Euro |
1 |
Rs.70.35 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
KNL |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
|
41 |
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.