MIRA INFORM REPORT
|
Report No. : |
343395 |
|
Report Date : |
06.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
JAMPANA CONSTRUCTION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.23, (Old No.230), Opposite Union Bank of India, 5th
Main, Hebbal, Ganganagar Layout, Bangalore – 560032, Karnataka |
|
Tel. No.: |
91-80-23338801 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
19.09.2003 |
|
|
|
|
Com. Reg. No.: |
08-032610 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.21.185 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U07010KA2003PTC032610 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCJ3704E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the infrastructure sector, primarily in the construction of commercial and residential buildings, bridges, hospitals, layout development etc. |
|
|
|
|
No. of Employees
: |
350 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow and delayed |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company incorporated in the year 2003. It is
engaged into real estate construction business and has satisfactory track. The rating takes into consideration sound financial risk profile of
the company marked by adequate networth base and comfortable gearing in FY14.
However, the unfavourable gap exist between trade receivables and trade
payables may affect the liquidity position of the company. The company has reported margin increase in its sales turnover along
with fair net profit margin in the year under consideration. However, rating also takes into consideration the risk involved in the
nature of real estate business along with liquidity crunch that the Indian
construction industry is facing at present. However, trade relations are fair. Business is active. Payment terms
are reported to be slow and delayed. In view of aforesaid, 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 |
Inadequate credit-quality and high credit risk. |
|
Date |
15.09.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating : A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
15.09.2015 |
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. R. K. Reddy |
|
Designation : |
General Manager – Finance |
|
Contact No.: |
91-9448288897 |
|
Date : |
03.10.2015 |
LOCATIONS
|
Registered Office : |
No.23, (Old No.230), Opposite Union Bank of India, 5th
Main, Hebbal, Ganganagar Layout, Bangalore – 560032, Karnataka, India |
|
Tel. No.: |
91-80-23338801 / 02 / 03 / 04 |
|
Mobile No.: |
91-9448288897 (Mr. R. K. Reddy) |
|
Fax No.: |
91-80-23332242 / 23331371 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Jampana Venugopal Krishnam Raju |
|
Designation : |
Director |
|
Address : |
Sy. No.24, Manchenahalli Village, Nittel Meenakshi College Road, Near Bagalur Cross, Yelahanka, Bangalore - 560063, Karnataka, India |
|
Date of Birth/Age : |
01.07.1968 |
|
Date of Appointment : |
24.03.2005 |
|
DIN No.: |
01215952 |
|
|
|
|
Name : |
Jampana Srinivasa Raju |
|
Designation : |
Director |
|
Address : |
Sy. No.24, Manchenahalli Village, Nittel Meenakshi College Road, Near Bagalur Cross, Yelahanka, Bangalore - 560063, Karnataka, India |
|
Date of Birth/Age : |
09.08.1967 |
|
Date of Appointment : |
31.01.2005 |
|
DIN No.: |
01216095 |
|
|
|
|
Name : |
Jampana Varma Krishna Chaitanya |
|
Designation : |
Director |
|
Address : |
No.5, Manchenahalli Village, Nittel Meenakshi College Road, Near Bagalur Cross, Yelahanka, Bangalore - 560063, Karnataka, India |
|
Date of Birth/Age : |
14.09.1983 |
|
Date of Appointment : |
30.03.2009 |
|
DIN No.: |
02660672 |
KEY EXECUTIVES
|
Name : |
Mr. R. K. Reddy |
|
Designation : |
General Manager – Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Jampana Venugopal Krishnam Raju |
|
187500 |
|
Jampana Srinivasa Raju |
|
180000 |
|
Jampana Varma Krishna Chaitanya |
|
772000 |
|
c. Prem Chandar Reddy |
|
20500 |
|
J Sri Rama Raju |
|
11000 |
|
J. Rama Raju |
|
70000 |
|
M.V.G.K. Raju |
|
40000 |
|
J Sridevi |
|
340000 |
|
J Aruna |
|
20500 |
|
J Srilakshmi Prathima |
|
160500 |
|
J Satya Narayana Raju |
|
23000 |
|
J Sudha |
|
6500 |
|
P. Viswanadha Raju |
|
5000 |
|
J Sowjanya |
|
230000 |
|
J Padma |
|
32000 |
|
J Bhanu |
|
20000 |
|
Total |
|
2118500 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
96.07 |
|
Other top fifty shareholders |
03.93 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the infrastructure sector, primarily in the construction of commercial and residential buildings, bridges, hospitals, layout development etc. |
|
|
|
|
Products / Services : |
Construction of commercial and residential buildings,
bridges, hospitals, layout development etc. |
|
|
|
|
Brand Names : |
Not Available |
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|
|
|
Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash and Credit (30days / 60 days / 90 days) |
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|
|
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Purchasing : |
Cash and Credit (30days / 60 days / 90 days) |
PRODUCTION STATUS - NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
350 (Approximately) |
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Bankers : |
· Corporation Bank, No.113, Subedar Chatram Road, Near Anand Rao Circle, Bangalore - 560009, Karnataka, India · Corporation Bank, S C Road Branch, No.71/1, I Floor, 'Brigade Plaza', Near Anand Rao Circle, Subedar Chatram Road, Bangalore - 560009, Karnataka, India |
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Facilities : |
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|
Auditors : |
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|
Name : |
Venkat Malli and Associates Chartered Accountants |
|
Address : |
1-408 4th Floor Divyashakti Apartments, 7-1-58, Ameerpet Hyderabad - 500016, Andhra Pradesh, India |
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PAN No.: |
AACPY2672C |
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|
|
|
Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates : |
Shri Aruna Construction (Private) Limited |
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Subsidiaries : |
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Firms : |
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CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000,000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,118,500 |
Equity Shares |
Rs.10/- each |
Rs.21.185 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 |
21.185 |
19.645 |
19.645 |
|
(b) Reserves &
Surplus |
505.659 |
403.194 |
303.659 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
7.700 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
526.844 |
430.539 |
323.304 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
102.200 |
101.681 |
73.240 |
|
(b) Deferred tax
liabilities (Net) |
0.575 |
0.508 |
2.331 |
|
(c) Other long term
liabilities |
297.701 |
274.873 |
124.151 |
|
(d) long-term provisions |
2.230 |
1.726 |
1.081 |
|
Total Non-current
Liabilities (3) |
402.706 |
378.788 |
200.803 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
71.805 |
98.107 |
77.575 |
|
(b) Trade payables |
589.726 |
520.015 |
351.059 |
|
(c) Other current
liabilities |
271.733 |
224.497 |
317.971 |
|
(d) Short-term provisions |
59.609 |
54.430 |
40.224 |
|
Total Current Liabilities
(4) |
992.873 |
897.049 |
786.829 |
|
|
|
|
|
|
TOTAL |
1922.423 |
1706.376 |
1310.936 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
402.879 |
311.131 |
198.871 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
41.529 |
110.111 |
145.379 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
85.779 |
110.762 |
59.149 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
12.561 |
9.890 |
8.159 |
|
(e) Other Non-current
assets |
50.736 |
121.680 |
72.147 |
|
Total Non-Current Assets |
593.484 |
663.574 |
483.705 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
120.141 |
21.417 |
16.204 |
|
(b) Inventories |
435.424 |
382.036 |
338.435 |
|
(c) Trade receivables |
153.516 |
175.802 |
122.311 |
|
(d) Cash and cash
equivalents |
100.642 |
107.279 |
103.279 |
|
(e) Short-term loans and
advances |
229.169 |
169.095 |
125.291 |
|
(f) Other current assets |
290.047 |
187.173 |
121.711 |
|
Total Current Assets |
1328.939 |
1042.802 |
827.231 |
|
|
|
|
|
|
TOTAL |
1922.423 |
1706.376 |
1310.936 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Total Turnover |
2644.800 |
2460.800 |
2024.252 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
NA |
176.966 |
142.525 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION
|
NA |
24.838 |
19.752 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
NA |
152.128 |
122.773 |
|
|
|
|
|
|
|
Less |
TAX |
NA |
52.593 |
40.298 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
96.300 |
99.535 |
82.475 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
45.46 |
50.67 |
NA |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
2800.000 |
The above information has been parted by Mr. R. K. Reddy (General
Manager - Finance).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
20.485 |
64.803 |
115.583 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
107.582 |
155.187 |
184.757 |
|
Net cash flows from (used in) operating activities |
51.023 |
100.770 |
144.367 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Total Turnover) |
(%) |
3.64 |
4.04 |
4.07 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.52 |
10.24 |
11.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.35 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.37 |
0.61 |
0.82 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
1.16 |
1.05 |
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 |
19.645 |
19.645 |
21.185 |
|
Reserves & Surplus |
303.659 |
403.194 |
505.659 |
|
Share Application money
pending allotment |
0.000 |
7.700 |
0.000 |
|
Net worth |
323.304 |
430.539 |
526.844 |
|
|
|
|
|
|
long-term borrowings |
73.240 |
101.681 |
102.200 |
|
Short term borrowings |
77.575 |
98.107 |
71.805 |
|
Current Maturities of Long
Term Debt |
115.583 |
64.803 |
20.485 |
|
Total borrowings |
266.398 |
264.591 |
194.490 |
|
Debt/Equity ratio |
0.824 |
0.615 |
0.369 |
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) |
|
Total Turnover |
2024.252 |
2460.800 |
2644.800 |
|
|
|
21.566 |
7.477 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Turnover |
2024.252 |
2460.800 |
2644.800 |
|
Profit |
82.475 |
99.535 |
96.300 |
|
|
4.07% |
4.04% |
3.64% |
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 |
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 four 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 |
NOTE:
The registered office of the company has been shifted from No.389/1, First Floor, Judges Colony, R. T. Nagar, Bangalore - 560032, Karnataka India to the present address w.e.f. 18.10.2010.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
3.800 |
4.380 |
|
Total |
3.800 |
4.380 |
FINANCIAL RESULTS
During the year the Company earned an income of Rs. 2644.800 Million when compared to Rs. 2460.800 Million during the previous year. The operations resulted in a net profit after tax of Rs.96.300 Million when compared to Rs. 99.500 Million during the previous year.
CORPORATE INFORMATION
Subject was incorporated in the year 2003. The company is engaged in the infrastructure sector, primarily in the construction of commercial and residential buildings, bridges, hospitals, layout development etc.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10368989 |
09/10/2013 * |
340,000,000.00 |
CORPORATION BANK |
S C ROAD BRANCH, NO.71/1, I FLOOR, 'BRIGADE PLAZA' |
B88213590 |
|
2 |
10358094 |
07/04/2012 |
1,594,000.00 |
CORPORATION BANK |
S C ROAD BRANCH, NO.71/1, I FLOOR, 'BRIGADE PLAZA' |
B40592834 |
|
3 |
10341833 |
28/02/2012 |
680,000.00 |
CORPORATION BANK |
S C ROAD BRANCH, NO.71/1, I FLOOR, 'BRIGADE PLAZA' |
B34887406 |
|
4 |
10341835 |
13/02/2012 |
60,300,000.00 |
CORPORATION BANK |
S C ROAD BRANCH, NO.71/1, I FLOOR, 'BRIGADE PLAZA' |
B34889105 |
|
5 |
10310028 |
10/09/2011 |
200,000,000.00 |
CORPORATION BANK |
NO.71/1, 1ST FLOOR, BRIGADE PLAZA, S C ROAD, BANGALORE - 560009, KARNATAKA, INDIA |
B22476337 |
|
6 |
10232441 |
31/01/2014 * |
700,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, KRISHI BHAVAN, HUDSON CIRCLE, |
C00421305 |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Office equipment
- Furniture and Fixtures
- Vehicle
- Computer
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.65.29 |
|
|
1 |
Rs.99.31 |
|
Euro |
1 |
Rs.73.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--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 |
|
44 |
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.