MIRA INFORM REPORT

 

 

Report No. :

344284

Report Date :

07.10.2015

 

IDENTIFICATION DETAILS

 

Name :

SHAH COAL PRIVATE LIMITED

 

 

Registered Office :

Centre Point, 5th Floor, Junction of S.V. Road and Juhu Road, Santacruz (West), Mumbai – 400054, Maharashtra

Tel No.:

91-22-26051945

 

 

Country :

India

 

 

Financials (as on) :

31.03.2015 (Provisional)

 

 

Date of Incorporation :

21.03.1997

 

 

Com. Reg. No.:

11-106763

 

 

Capital Investment / Paid-up Capital :

Rs.6.700 Million

 

 

CIN No.:

[Company Identification No.]

U51909MH1997PTC106763

 

 

TIN No.:

Not Available

 

 

IEC No.:

0399065580

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMS31298B

MUMS24536B

NGPS03589F

 

 

PAN No.:

[Permanent Account No.]

AADCS9231R

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trader and Importer of Coal and Steel items and also providing logistic services.  

 

 

No. of Employees :

160 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (46)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Shah Coal Private Limited was incorporated in the year 1997. It is an established company having a satisfactory track record. Company is engaged into two line of business: trading of imported coal and coal liaising and handling.

 

The rating on company reflects above average financial risk profile marked by comfortable net worth, a decent profitability margin and adequate debt protection metrics.

 

Rating further derives strength on extensive experience of promoter's and their established relationship with customers and suppliers in the coal industry.

 

However, rating is constrained on company's susceptibility to risk related to intense competition inheriting in coal industry, volatility in coal price and foreign exchange rate.

 

Trade relations are fair. Business is active. Payment terms are reported to be usually correct.

 

The company can be considered normal for the business dealings at usual terms and conditions.

 

Note: From the Provisional financials 2015, the company has reported increase in its total revenue from its previous year, there is minimal decline into its profit, which has been attached for your mere reference.

 

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

Moderate credit quality and high credit risk 

Date

26.02.2015

 

 

Rating Agency Name

CRISIL

Rating

Short Term Rating = A4+

Rating Explanation

Minimal degree of safety and very high credit risk 

Date

26.02.2015

 

 

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. Kapoor

Designation :

Accounts Manager  

Contact No.:

91-22-26051945

Date :

17.03.2015

 

 

LOCATIONS

 

Registered Office / Warehouse:

Centre Point, 5th Floor, Junction of S.V. Road and Juhu Road, Santacruz (West), Mumbai - 400054, Maharashtra, India

Tel. No.:

91-22-26051888/ 26051945

Mobile No.:

91-9867906875 (Mr. M.K. Kapoor)

Fax No.:

91-22-26052448

E-Mail :

shahcoal@live.com

Website:

www.shahcoal.com

Area:

3000 Sq ft

Location :

Owned

Locality:

Commercial

 

 

Branch Office :

B-47, Royal Trading Tower, Ring Road, Surat, Gujarat, India

 

 

Branch Offices:

Also Located At:

 

·         Nagpur

·         Chandrapur

·         Bilaspur

 

 

DIRECTORS

 

As on 30.09.2014

 

Name :

Mr. Vinay Ramanlal Shah

Designation :

Director

Address :

201, Devpuja Building, North Avenve Road, Santacruz (West), Mumbai – 400054, Maharashtra, India

Date of Birth/Age :

29.02.1958

Qualification :

Graduate

Date of Appointment :

21.03.1997

Experience :

35 Years

PAN No.:

AACPS4765J

DIN No.:

00217584

Other Directorship:

S.

No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U51909MH1997PTC106763

SHAH COAL PRIVATE LIMITED

Director

21/03/1997

21/03/1997

-

Active

NO

2

U51909MH2005PTC150879

SEVA COAL PRIVATE LIMITED

Director

31/01/2005

31/01/2005

27/03/2014

Active

NO

3

U63090MH2002PTC137086

AARTI LOGISTIC PRIVATE LIMITED

Additional director

03/01/2014

03/01/2014

-

Active

NO

4

AAB-3264

GANAPATI STEVEDORERS LLP

Designated Partner

22/01/2013

22/01/2013

-

Active

NO

 

 

Name :

Mr. Ketan Ramanlal Shah

Designation :

Director

Address :

2/D-3, Ground Floor, Vapujya, Sarvodaya nagar, Mulund (West), Mumbai – 400080, Maharashtra, India

Date of Birth/Age :

22.10.1959

Qualification :

Graduate

Date of Appointment :

21.03.1997

Experience :

34 Years

PAN No.:

AACPS4763Q

DIN No.:

00217614

Other Directorship:

S.

No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U51909MH1997PTC106763

SHAH COAL PRIVATE LIMITED

Director

21/03/1997

21/03/1997

-

Active

NO

2

U63090MH2002PTC137086

AARTI LOGISTIC PRIVATE LIMITED

Director

05/09/2002

05/09/2002

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Kapoor

Designation :

Accounts Manager  

 

 

MAJOR SHAREHOLDERS

 

As on 30.09.2014

 

Names of Shareholders

 

No. of Shares

Madhuben Ramanlal Shah

 

13001

Parul Ketan Shah

 

5000

Yogini Vinay Shah

 

2500

Anjali Ramesh Shah

 

4001

Neha Ramesh Shah

 

4502

Ketan Ramanlal Shah HUF

 

5000

Ramanlal K Shah HUF

 

5000

Purvi Vinay Shah

 

3501

Aditi Vinay Shah

 

2505

Vinay Ramanlal Shah

 

74990

Rohan Ketan Shah

 

95000

Kunal Vinay Shah

 

95000

Ketan Ramanlal Shah

 

190000

Adhunik Deal Company Private Limited, India

 

5000

Ambition Mechants (Private) Limited, India

 

12500

Anil Rawal

 

10000

Escort Vincom Private Limited

 

2500

Intimted Trade Links (Private) Limited, India

 

20000

Jagwani Bharat Ludharam

 

25000

Keynote Commercial (Private) Limited, India

 

7500

Lakhan Balachandarti

 

10000

Mctrocity Infra Projects Advisory Private Limited, India

 

2500

Melrocity Management Advisary Service Private Limited, India

 

10000

Newedge Vinirnay Private Limited, India

 

25000

Saphir Developers Private Limited, India

 

5000

Slarmark Tradecomm Private Limited, India

 

5000

Suman Towers Private Limited, India

 

10000

Unlcontieup Private Limited, India

 

10000

Uniglory Developers Private Limited, India

 

5000

Vedant Commndeal Private Limited, India

 

5000

Total

 

670000

 

Equity Share Break up (Percentage of Total Equity)

 

As on 30.09.2014

 

Category

Percentage

Bodies corporate

18.65

Directors or relatives of Directors

74.63

Other top fifty shareholders

6.72

Total

100.00

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Trader and Importer of Coal and Steel items and also providing logistic services.  

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

Not Divulged 

 

 

Imports :

 

Products :

Raw Material

Countries :
  • Indonesia
  • South Africa
  • Australia
  • USA 

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

PRODUCTION STATUS – NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :
  • Tata International
  • MSC Holdings Pte Limited

 

Reference :

Swiss Singapore Overseas Enterprises Pte Limited

Name of the Person :

Not Divulged 

Contact No.:

Not Divulged 

Since How Long Known :

Not Divulged 

Experience :

Not Divulged 

Maximum Limit Dealt :

Not Divulged 

Remark :

Not Divulged 

 

 

Customers :

End Users

 

  • Jindal Steel and Power Limited
  • ACC Limited
  • Ambuja Cement Limited

 

Reference :

Mohit Minerals Private Limited

Name of the Person :

Mr. Rahul Agarwal (Senior Account Manager)

Contact No.:

91-9910044191

Since How Long Known :

5 Years

Maximum Limit Dealt :

Not Divulged

Experience :

Product Quality

Delivery Behaviour

Overall

Excellent

Excellent

Excellent

Remark:

He informed that we are very much satisfactory their products quality and delivery behaviour.

 

 

No. of Employees :

160 (Approximately)

 

 

Bankers :
  • Canara Bank, Santacruz (East) Branch, Lovely House, Near, Near Midland Hotel, Mumbai Nd Hotel, Mumbai, Mumbai - 400055, Maharashtra, India

Tel No.: 91-22-26124725 / 26501758 / 6403

  • Union Bank of India, Kalbadevi Branch, A. M. Vidhya Foundation Building 32, Dadi Seth Agiary Lane, Kalbadevi Road, Mumbai - 400002, Maharashtra, India
  • United Bank of India, Overseas Branch, Fort, Mumbai, Maharashtra, India
  • Axis Bank Limited, Western Zonal Office, RNA Corporate Park, Bandra-E, Mumbai - 400051, Maharashtra, India
  • Allahabad Bank, Andheri (West) Branch, Mumbai, Maharashtra, India 

 

Banker Name

Canara Bank

Branch Address

Overseas Branch Bandra (East), Maharashtra, India

Person Name (With Designation)

Mr. P Santosh (Assistant General Manager)

Contact Number

91-22-26501758

Name of Account Holder

Shah Coal Private Limited

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

10 Years

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

OD: Rs. 50.000 Million and LC: Rs. 400.000 Million

Account Operation

Satisfactory

Remarks (If any)

As claimed by Mr. Mr. P Santosh (Assistant General Manager) that subject having very good track record for banking transaction

 

 

Facilities :
  • Cash Credit: Rs. 500.000 Million  (From Union Bank of India)
  • Cash Credit: Rs. 300.000 Million  (From United Bank of India)
  • LC: Rs. 200.000 Million  (From Allahabad Bank)

(Rs. In Million)

 

SECURED LOAN

As on

31.03.2015

As on

31.03.2014

LONG TERM BORROWING

 

 

Loans taken for fixed assets

(Hypothecation of Vehicles)

NA

33.839

SHORT TERM BORROWING

 

 

Working capital loans from banks

NA

314.691

Total

 

348.530

 

Auditors :

 

Name :

Bipin D Karani and Company

Chartered Accountants

Address :

Mumbai, Maharashtra, India

PAN No.:

AALFB1686Q

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Sister Concern :

  • Aarti Logistic Private Limited

Address : Centre Point, 5th Floor, Junction of S.V. Road and Juhu Road, Santacruz (West), Mumbai – 400054, Maharashtra, India

Line of Business : Coal handling and transport agents 

 

  • Seva Coal Private Limited

 

 

CAPITAL STRUCTURE

 

As on 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

2000000

Equity Shares

Rs.10/- each

Rs.20.000 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

670000

Equity Shares

Rs.10/- each

Rs.6.700 Million

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2015

(Provisional)

31.03.2014

31.03.2013

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

6.700

6.700

6.700

(b) Reserves & Surplus

524.418

436.422

320.742

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

224.100

224.100

250.000

Total Shareholders’ Funds (1) + (2)

755.218

667.222

577.442

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

179.405

131.327

180.463

(b) Deferred tax liabilities (Net)

0.860

0.860

2.119

(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)

180.265

132.187

182.582

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

393.475

314.690

488.742

(b) Trade payables

1532.371

1280.246

1303.752

(c) Other current liabilities

42.374

36.401

88.448

(d) Short-term provisions

59.029

59.000

59.000

Total Current Liabilities (4)

2027.249

1690.337

1939.942

 

 

 

 

TOTAL

2962.732

2489.746

2699.966

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

125.451

103.833

130.122

(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

108.651

106.045

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

174.974

115.786

111.990

(e) Other Non-current assets

0.000

0.000

208.729

Total Non-Current Assets

409.076

325.664

450.841

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

301.621

114.373

55.750

(c) Trade receivables

882.051

658.493

781.533

(d) Cash and cash equivalents

740.691

792.965

1155.696

(e) Short-term loans and advances

483.734

470.461

186.603

(f) Other current assets

145.559

127.790

69.543

Total Current Assets

2553.656

2164.082

2249.125

 

 

 

 

TOTAL

2962.732

2489.746

2699.966

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2015

(Provisional)

31.03.2014

31.03.2013

 

SALES

 

 

 

 

Income

3401.261

2721.171

4661.947

 

Other Income

129.611

134.472

145.650

 

TOTAL (A)

3530.872

2855.643

4807.597

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Purchase of stock-in-trade

2525.411

1977.412

3313.291

 

Changes in Inventories of finished goods, work-in-progress and stock-in-trade

(187.248)

(58.624)

128.153

 

Employee Benefits Expenses

26.916

22.810

16.496

 

Other Expenses

987.568

708.192

1184.427

 

Exceptional Items

0.000

0.000

(14.902)

 

TOTAL (B)

3352.647

2649.790

4627.465

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)

178.225

205.853

180.132

 

 

 

 

 

Less

FINANCIAL EXPENSES (D)

75.671

60.218

61.113

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)

102.554

145.635

119.019

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION (F)

13.296

31.215

23.036

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX (E-F)   (G)

89.258

114.420

95.983

 

 

 

 

 

Less

TAX (H)

0.000

(1.259)

32.118

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX  (G-H)   (I)

89.258

115.679

63.865

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

 

172.66

95.32

 

 

Expected Sales (2015-2016): Rs.4000.000 Million

 

The above information has been parted by Mr. Kapoor

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2015

(Provisional)

31.03.2014

31.03.2013

Current Maturities of Long term debt

NA

0.000

0.000

Cash generated from operations

NA

NA

NA

Net cash flows from (used in) operations

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2015

(Provisional)

31.03.2014

31.03.2013

Net Profit Margin

(PAT/Sales)

(%)

2.62

4.25

1.37

 

 

 

 

 

Operating Profit Margin

(PBDIT/Sales)

(%)

5.24

7.56

3.86

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

3.13

4.80

3.55

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.12

0.17

0.17

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.76

0.67

1.16

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.26

1.28

1.16

 

 

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

6.700

6.700

6.700

Reserves & Surplus

320.742

436.422

524.418

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

250.000

224.100

224.100

Net worth

577.442

667.222

755.218

 

 

 

 

long-term borrowings

180.463

131.327

179.405

Short term borrowings

488.742

314.690

393.475

Total borrowings

669.205

446.017

572.880

Debt/Equity ratio

1.159

0.668

0.759

 

 

 

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

4661.947

2721.171

3401.261

 

 

(41.630)

24.993

 

 

 

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

4661.947

2721.171

3401.261

Profit

63.865

115.679

89.258

 

1.37%

4.25%

2.62%

 

 

 

 

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

Yes

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

Yes

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

Yes

19

Major customers

Yes

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

Yes

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

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

 

UNSECURED DETAILS

 

(Rs. In Million)

Particulars

As on

31.03.2015

As on

31.03.2014

LONG TERM BORROWING

 

 

Rupee term loans from others

NA

97.487

Total

NA

97.487

 

 

INDEX OF CHARGE:

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10560270

27/03/2015

34,488,000.00

AXIS BANK LIMITED

TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW G
ARDEN ELLISBRIDGE, AHMEDABAD, GUJARAT - 380006, IN
DIA

C49545734

2

10443355

14/12/2013 *

300,000,000.00

UNITED BANK OF INDIA

OVERSEAS (MUMBAI) BRANCH, UBI BUILDING, 1ST FLOOR,
25, SIR PHEROZE SHAH MEHTA ROAD,, MUMBAI, MAHARA
SHTRA - 400001, INDIA

B95633228

3

10412846

21/03/2013

634,000.00

AXIS BANK LIMITED

TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW G
ARDEN ELLISBRIDGE, AHMEDABAD, GUJARAT - 380006, IN
DIA

B71148654

4

10398156

19/12/2012

86,800,000.00

UNITED BANK OF INDIA

VYOM ARCADE, GROUND FLOOR, OFF SUBHASH ROAD, NEAR
GARWARE CHOWK, VILE PARLE (EAST), MUMBAI, MAHARAS
HTRA - 400057, INDIA

B66256835

5

10383732

11/03/2013 *

500,000,000.00

UNION BANK OF INDIA

KALBADEVI BRANCH, A. M. VIDHYA FOUNDATION BLDG.,,
32, DADI SETH AGIARY LANE, KALBADEVI ROAD,, MUMBA
I, MAHARASHTRA - 400002, INDIA

B74586587

6

10383011

27/08/2014 *

250,000,000.00

ALLAHABAD BANK

ANDHERI WEST BRANCH, 188, RAJESH CENTRE,, 1ST FLO
OR, S V ROAD, ANDHERI - WEST, MUMBAI, MAHARASHTRA
- 400058, INDIA

C28924520

7

90242554

31/08/2004

4,775,000.00

GE CAPITAL TFS LTD

4 LINK ROAD JANGPURA EXTN, NEW DELHI, DELHI - 1100
14, INDIA

-

8

90243465

19/04/2000

5,000,000.00

CANARA BANK

SANTACRUZ EAST BRANCH, MUMBAI, MAHARASHTRA - 40005
5, INDIA

-

9

90242251

17/07/2013 *

450,000,000.00

CANARA BANK

SANTACRUZ (E) BRANCH, MUMBAI, MAHARASHTRA - 400055
, INDIA

B81034548

 

*Date of modification Charges

 

 

FIXED ASSETS:

 

Tangible assets

 

·         Land

·         Building

·         Plant and Machinery

·         Computer

·         Vehicles

·         Furniture and Fixture

·         Office equipment

·         Computer equipments

·         Other equipments

 

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 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.65.39

UK Pound

1

Rs.99.05

Euro

1

Rs.73.19

 

 

INFORMATION DETAILS

 

Information Gathered by :

NYA

 

 

Analysis Done by :

KAS

 

 

Report Prepared by :

KVT


 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILITY

1~10

5

--LIQUIDITY

1~10

6

--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

YES

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

 

 

 

TOTAL

 

46

 

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

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.