MIRA INFORM REPORT
|
Report No. : |
344941 |
|
Report Date : |
10.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
GAYSON AND COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
18-D, Everest House, 46/C, Jawaharlal Nehru Road, Kolkata – 700071, West Bengal |
|
Tel. No.: |
91-33-30521112 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
18.07.1963 |
|
|
|
|
Com. Reg. No.: |
21-025860 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.4.772 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29199WB1963PTC025860 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALG00293G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCG0158R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trades
in all kinds of rolling-mill products and Ferro alloys. |
|
|
|
|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1500000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject
is a part of the Modem Group. The
Modern group was set up by Mr. Bhupinder Singh Saini and Mr. Bakshish Singh Dhanjal
in the 1970s. Modern India, incorporated in 1987, manufactures ferroalloys,
mostly silica-manganese and Ferro manganese. Gayson, incorporated in 1963 and
acquired by the group in 1981, trades in all kinds of rolling-mill products
and Ferro alloys. It has moderate track record. The
performance of the company was not as good as compared to last year.
Profitability of the company is low. There is dip in the sales turnover of
the company over the previous year due to the slump in the Iron and Steel
Sector. The
rating also takes into consideration volatility in raw material prices
intense market competition arising out of fragmentation in the Ferro-Alloy
Industry. However,
trade relations are reported to be fair. Business is active: Payment terms
are reported to be slow but correct. The company can be considered for business dealing with some cautions. |
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 |
Short term rating: A4+ |
|
Rating Explanation |
Have minimal degree of safety and carry very high credit risk. |
|
Date |
30.07.2014 |
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 DECLINED BY
|
Name : |
Mr. Nikhil Jain |
|
Designation : |
Export Manager |
|
Contact No.: |
91-33-30521112 |
|
Date : |
08.10.2015 |
LOCATIONS
|
Registered /Head Office : |
18-D, Everest House, 46/C, Jawaharlal Nehru Road, Kolkata – 700071, West Bengal, India |
|
Tel. No.: |
91-33-30521112/ 14/ 15/ 16/ 17/ 20 |
|
Fax No.: |
91-33-22889247/ 1121 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
6G-Everest, 46C, Jawaharlal Nehru Road, Kolkata-700 071, West Bengal, India |
|
|
|
|
Branch Office : |
Mumbai : Flat No. 1203, 12th
Floor, Jimmy Towers II, Plot No. 19 to 22, Sector 18, Kopar Khairane, Navi
Mumbai, Maharashtra, India Tel : 91-22-27547536 E-mail : kapil@gaysons.com Mr. K.K.Mahajan B-4A/27, Rana Pratap
Bagh, New Delhi – 110007, India E-mail : mahajan@gaysons.com Mr. N.K.Prasad 33, 9th
Cross, 16th Main Road, B.T.M. 1st Stage, Thavarekere,
Near BDA Park-N, Bangalore – 560029, Karnataka, India E-mail : prasad@gaysons.com Chennai : Mr. H.P.Singh AL-112, 11th
Main Road, 3rd Street, Anna Nagar, Chennai – 600040, Tamilnadu,
India E-mail : hpsingh@gaysons.com Mr. Anand Dixit 128/253,
K Block, (Near Sri Rameswaram Mandir), Kidwai Nagar, Kanpur – 208011, Uttar Pradesh, India E-mail : anand@gaysons.com Bhillai : Mr. Razi Ahmed C/o AM Menay, EWS 151,
Vaishali Nagar, Near Gol Market, Bhillai, District Durg, Chhattisgarh, India E-mail : razi@gaysons.com |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Chetan Aggarwala |
|
Designation : |
Director |
|
Address : |
93 Deshpran Sashmal Road, Kolkata - 700033, West Bengal, India |
|
Date of Birth/Age : |
07.05.1975 |
|
Date of Appointment : |
08.02.2000 |
|
DIN No.: |
00107606 |
|
PAN No.: |
ADJPA7489B |
|
|
|
|
Name : |
Mr. Bhupinder Singh Saini |
|
Designation : |
Director |
|
Address : |
3/1, Mandeville Garden, Kolkata – 700019, West Bengal, India. |
|
Date of Birth/Age : |
20.07.1941 |
|
Date of Appointment : |
12.05.1981 |
|
DIN No.: |
00107665 |
|
PAN No.: |
ALRPS1449M |
|
|
|
|
Name : |
Mr. Tejinder Singh Saini |
|
Designation : |
Director |
|
Address : |
3/1, Mandeville Garden, Kolkata – 700019, West Bengal, India. |
|
Date of Birth/Age : |
16.03.1971 |
|
Date of Appointment : |
01.04.2005 |
|
DIN No.: |
00107721 |
|
PAN No.: |
AMAPS8248J |
|
|
|
|
Name : |
Mr. Amardeep Singh |
|
Designation : |
Director |
|
Address : |
3/1 Mandeville Gardens, Ballygunge, Kolkata - 700019, West Bengal, India |
|
Date of Birth/Age : |
25.08.1960 |
|
Date of Appointment : |
06.10.1986 |
|
DIN No.: |
00107756 |
|
PAN No.: |
AJVPS7664J |
KEY EXECUTIVES
|
Name : |
Mr. Nikhil Jain |
|
Designation : |
Export Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Amandeep Singh Dhanjal |
|
1910 |
|
Amarjit Kaur Saini |
|
4620 |
|
Gurvinder Kaur Dhanjal |
|
4440 |
|
Rana Udyog Private Limited, India |
|
6819 |
|
Chetan Aggarwal |
|
2385 |
|
Bhupinder Singh |
|
4408 |
|
Amardeep Singh |
|
4545 |
|
Bharat Roll Industry Private Limited, India |
|
2580 |
|
Salil Aggarwal |
|
2384 |
|
Jitendra Singh |
|
1243 |
|
Bevlyn Saini |
|
4665 |
|
Tejinder Singh |
|
3070 |
|
Bakhshish Singh |
|
4625 |
|
|
|
|
|
TOTAL
|
|
47694 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
19.71 |
|
Directors or relatives of Directors |
39.91 |
|
Other top fifty shareholders |
40.38 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trades
in all kinds of rolling-mill products and Ferro alloys. |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management
|
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|
||||||||||||||||||||||
|
Bankers : |
ICICI Bank Limited, Regional Office-Kolkata, 2b, Gorky Terrace, Infront Of Park Nursing Home, Kolkata - 700017, West Bengal, India
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Ghosh and Pande Chartered Accountants |
|
Address : |
Mercantile Building, Block – A, Room No. 59, 9, Lalbazar Street, 2nd Floor, Kolkata – 700001, West Bengal, India. |
|
Tel. No.: |
91-33-22304638 |
|
Fax No.: |
91-33-22304852/ 22312731 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFG0980H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates: |
[U51909WB1995PTC075496] |
|
|
|
|
Other related party: |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs. 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
47694 |
Equity Shares |
Rs.100/- each |
Rs. 4.769
Million |
|
|
Forfeited shares |
|
Rs. 0.003
Million |
|
|
|
|
|
|
|
Total |
|
Rs. 4.772 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 |
4.772 |
4.772 |
4.771 |
|
(b) Reserves & Surplus |
519.270 |
481.187 |
433.015 |
|
(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) |
524.042 |
485.959 |
437.786 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
3.431 |
4.156 |
4.981 |
|
(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) |
3.431 |
4.156 |
4.981 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
707.208 |
808.234 |
827.299 |
|
(b) Trade payables |
195.844 |
234.584 |
466.379 |
|
(c) Other current liabilities |
140.884 |
104.830 |
189.921 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
1043.936 |
1147.648 |
1483.599 |
|
|
|
|
|
|
TOTAL |
1571.409 |
1637.763 |
1926.366 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
47.930 |
50.972 |
55.044 |
|
(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 |
271.414 |
62.919 |
62.919 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
28.258 |
125.737 |
6.043 |
|
(e) Other Non-current assets |
0.000 |
11.708 |
0.000 |
|
Total
Non-Current Assets |
347.602 |
251.336 |
124.006 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
33.061 |
73.153 |
45.051 |
|
(c) Trade receivables |
616.217 |
701.510 |
998.206 |
|
(d) Cash and cash equivalents |
174.176 |
275.766 |
435.843 |
|
(e) Short-term loans and
advances |
0.000 |
3.500 |
0.000 |
|
(f) Other current assets |
400.353 |
332.498 |
323.260 |
|
Total
Current Assets |
1223.807 |
1386.427 |
1802.360 |
|
|
|
|
|
|
TOTAL |
1571.409 |
1637.763 |
1926.366 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
6093.817 |
7219.422 |
9177.656 |
|
|
Other Income |
64.678 |
27.649 |
104.519 |
|
|
TOTAL
|
6158.495 |
7247.071 |
9282.175 |
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
|
6613.368 |
8546.928 |
|
|
Changes in inventories of finished goods,
work-in-progress and Stock-in-Trade |
|
(28.102) |
51.670 |
|
|
Employees benefits expense |
6016.637 |
23.258 |
22.054 |
|
|
Prior period items |
|
0.979 |
4.236 |
|
|
Other expenses |
|
467.023 |
402.474 |
|
|
TOTAL
|
6016.637 |
7076.526 |
9027.362 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
141.858 |
170.545 |
254.813 |
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES |
79.133 |
92.262 |
69.816 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
62.725 |
78.283 |
184.997 |
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
3.920 |
4.423 |
5.145 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE |
58.805 |
73.860 |
179.852 |
|
|
|
|
|
|
|
|
TAX |
20.721 |
25.689 |
58.971 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
38.083 |
48.171 |
120.881 |
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
472.420 |
424.246 |
303.364 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
510.503 |
472.420 |
424.245 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
6385.804 |
8420.899 |
|
|
TOTAL
EARNINGS |
NA |
6385.804 |
8420.899 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Materials |
NA |
222.912 |
333.068 |
|
|
TOTAL
IMPORTS |
NA |
222.912 |
333.068 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
798.49 |
1010.01 |
2534.51 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
169.939 |
60.590 |
127.864 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.62 |
0.67 |
1.32 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
2.33 |
2.36 |
2.78 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.52 |
4.69 |
9.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.15 |
0.41 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.35 |
1.66 |
1.89 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.17 |
1.21 |
1.21 |
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 |
4.771 |
4.772 |
4.772 |
|
Reserves & Surplus |
433.015 |
481.187 |
519.270 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
437.786 |
485.959 |
524.042 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
827.299 |
808.234 |
707.208 |
|
Current maturities of
long-term debts |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
827.299 |
808.234 |
707.208 |
|
Debt/Equity
ratio |
1.890 |
1.663 |
1.350 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
9177.656 |
7219.422 |
6093.817 |
|
|
|
(21.337) |
(15.591) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
9177.656 |
7219.422 |
6093.817 |
|
Profit |
120.881 |
48.171 |
38.083 |
|
|
1.32% |
0.67% |
0.62% |
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 |
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 |
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIONAL REVIEW
The performance of the company was not as good as compared with that of the last year. The company has during the year achieved a turnover of Rs. 5885.216 Million against that of the previous year Rs. 6785.449 Million, resulting in an decrease of about 13.31 % over the previous year due to the slump in the Iron and Steel Sector.
The Company is a Trader cum Exporter in the Iron and Steel Sector and currently the Iron and Steel Sector is going through a downward slump which in turn is also affecting our sales.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
SHORT TERM
BORROWING |
|
|
|
Loans and advances from directors |
0.130 |
1.005 |
|
Total |
0.130 |
1.005 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10420729 |
03/04/2013 |
110,000,000.00 |
PUNJAB & SINDH BANK |
IBD KOLKATA, 14
& 15, OLD COURT HOUSE STREET, KOL |
B73458903 |
|
2 |
10327337 |
28/12/2011 |
180,000,000.00 |
ICICI BANK LIMITED |
REGIONAL
OFFICE-KOLKATA, 2B, GORKY TERRACE, INFRO |
B29329992 |
|
3 |
10182847 |
07/09/2009 |
87,500,000.00 |
IDBI BANK LTD. |
IDBI HOUSE, 44,
SHAKESPEARE SARANI, KOLKATA, WEST |
A72114424 |
|
4 |
90252543 |
14/08/2013 * |
950,000,000.00 |
THE FEDERAL BANK LTD |
KOLKATA OVERSEAS BRANCH,
'SHAKESPEARE COURT', 21A |
B82811142 |
|
5 |
90251228 |
13/03/2015 * |
1,000,000,000.00 |
THE FEDERAL BANK LTD |
KOLKATA OVERSEAS
BRANCH, 'SHAKESPEARE COURT', 21A |
C56719057 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Furniture and fixtures
- Vehicles
- 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.64.78 |
|
UK Pound |
1 |
Rs.99.54 |
|
Euro |
1 |
Rs.73.08 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
30 |
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.