MIRA INFORM REPORT
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Report No. : |
343800.2 |
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Report Date : |
10.10.2015 |
IDENTIFICATION DETAILS
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Name : |
INDERMANI MINERAL INDIA PRIVATE LIMITED |
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Registered
Office : |
Om Complex, Shop No - A/05, Fafadih, Raipur – 492001, Chhattisgarh |
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Tel. No.: |
91-7771062222/ 7389551000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
12.06.2008 |
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Com. Reg. No.: |
020693 |
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Capital Investment
/ Paid-up Capital : |
Rs. 28.499
Million |
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CIN No.: [Company Identification
No.] |
U13100CT2008PTC020693 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
JBPI00598D |
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PAN No.: [Permanent Account No.] |
AABCI9120M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trading of Coal and also Transportation activities. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (45) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in 2008, Indermani Mineral India Private
Limited (IMPL) is a part of the Raipur (Chhattisgarh) based “Indermani Group”
it is engaged into business of trading of coal. The rating on Indermani Mineral India Private Limited (IMPL) reflects
its significant growth into its operational activities during FY2015, marked
by its decent profitability margin along with improved capital structure
driven by equity infusion by its promoter during the year under review. Rating also takes consideration on company’s promoter’s extensive
experience in the coal trading business and locational advantage. However, the rating on company is constrained on trading nature of
business and exposure to risk associated with the regulated industry and
volatility demand. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. In view aforesaid, the company can be considered normal for business
dealings at 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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2015.
LOCATIONS
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Registered Office : |
Om Complex, Shop No - A/05, Fafadih, Raipur – 492001, Chhattisgarh,
India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Head Office : |
First Floor, C-1, Aishwarya Chamber, G.E. Road, Telibandha, Raipur – 492001, Chhattisgarh, India |
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Tel. No.: |
91-7771062222/ 7389551000 |
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Fax No.: |
91-771-4073817 |
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E-Mail : |
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Warehouse : |
Located at: · Dharsiwa, Chhattisgarh, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Sunil Kumar Agrawal |
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Designation : |
Managing director |
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Address : |
B/404, Om Complex, Fafadih, Raipur – 492001, Chhattisgarh, India |
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Date of Birth/Age : |
13.03.1973 |
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Date of Appointment : |
12.06.2008 |
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PAN No.: |
ADXPA7368M |
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DIN No.: |
01595446 |
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Other Directorship :
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Name : |
Mr. Prakash Chand Agrawal |
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Designation : |
Director |
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Address : |
House No. 711, Kududand, Bilaspur – 495001, Chhattisgarh, India |
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Date of Birth/Age : |
07.03.1967 |
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Date of Appointment : |
01.12.2011 |
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PAN No.: |
AFZPA7080E |
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DIN No.: |
00852143 |
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Other Directorship :
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Name : |
Mr. Pankaj Agrawal |
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Designation : |
Director |
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Address : |
First Floor, Akash Tower, Raipur – 492001, Chhattisgarh, India |
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Date of Birth/Age : |
06.07.1984 |
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Date of Appointment : |
27.04.2015 |
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DIN No.: |
02136943 |
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Other Directorship :
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Name : |
Mr. Jitendra Singh |
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Designation : |
Director |
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Address : |
Ward No. 7, Yadav Nagar, Tifra, Bilaspur – 492001, Chhattisgarh, India |
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Date of Birth/Age : |
26.02.1973 |
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Date of Appointment : |
26.02.2014 |
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PAN No.: |
CRFPS1285R |
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DIN No.: |
06833669 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
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No. of Shares |
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Sunil Kumar Agrawal |
|
639550 |
|
Uma Agrawal |
|
20000 |
|
Rapid Promoters Private Limited, India |
|
247200 |
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Easy Transport Private Limited, India |
|
98800 |
|
Future Carbon Solution Private Limited, India |
|
377300 |
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Suggest Vinimay Private Limited, India |
|
443000 |
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Blossm Distributors Private Limited, India |
|
4000 |
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Amritphal Marketing Private Limited, India |
|
478600 |
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Vaishnomata Commercial Private Limited, India |
|
85000 |
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Chhattisgarh Natural Resources Private Limited, India |
|
10000 |
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Aryan Coal Field Private Limited, India |
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28500 |
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Sendoz Exim Private Limited, India |
|
30800 |
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KJSL Coal and Power Private Limited, India |
|
387100 |
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Total |
|
2849850 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
77.00 |
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Directors
or relatives of directors |
23.00 |
|
|
|
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Trading of Coal and also Transportation activities. |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
-- |
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Imports : |
-- |
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Terms : |
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Selling : |
-- |
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Purchasing : |
-- |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
· Ultratech India Limited · Ambuja Cement · Lloyds Steel Industries Limited · ACC Limited · Lafarge India Private Limited · Topwarth Steel and Power Private Limited · Hira Group of Industries · Essar Power · Jaypee Cement · Lanco Power ·
KSK Energy Ventures Limited |
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No. of Employees : |
Not Available |
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Bankers : |
· Union Bank of India Samta Colony Branch, 205,Samta Colony, Raipur - 492001, Chhattisgarh, India · HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel
[West], Mumbai - 400013, Maharashtra, India · Kotak Mahindra Bank Limited 27 BKC, C 27, G Block, Bandra Kurla Complex,
Bandra (East), Mumbai, Maharashtra - 400051, India · Axis Bank Limited Law Garden Ellisbridge, Ahmedabad - 380006,
Gujarat, India |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institution : |
· Tata Motors Finance Limited C/O. Tata Motors Limited, 3rd Floor, Nanavati
Mahalaya, 18, Homi Mody Street, Mumbai - 400001, Maharashtra, India |
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Auditors : |
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Name : |
MRCA and Associates Chartered Accountants |
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Address : |
Office No 211, Samta Shopping Arcade, Main Road, Samta Colony, Raipur, Chhattisgarh, India |
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Tel. No.: |
91-771-4062170 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAQFM6023P |
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Memberships : |
-- |
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Collaborators : |
-- |
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Group Company : |
· Uma Mine Coal Private Limited |
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Related Parties : |
· Future Carbon Solutions Private Limited [U10200CT2009PTC021224] · Easy Transport Private Limited · KJSL Coal and Power Private Limited [U40100MH2005PTC155649] · Indermani Associates Private Limited · Shivani Infraventure Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,849,850 |
Equity Shares |
Rs. 10/- each |
Rs. 28.499
Million |
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|
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY AND LIABILITIES |
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|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
28.499 |
22.692 |
19.773 |
|
(b) Reserves & Surplus |
479.269 |
322.179 |
239.947 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.350 |
|
Total
Shareholders’ Funds (1) + (2) |
507.768 |
344.871 |
260.070 |
|
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
386.560 |
442.255 |
33.522 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
2.808 |
1.839 |
|
(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) |
386.560 |
445.063 |
35.361 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
790.499 |
506.805 |
312.104 |
|
(b)
Trade payables |
316.111 |
693.652 |
974.114 |
|
(c)
Other current liabilities |
511.562 |
206.696 |
97.184 |
|
(d)
Short-term provisions |
13.414 |
1.733 |
0.127 |
|
Total
Current Liabilities (4) |
1631.586 |
1408.886 |
1383.529 |
|
|
|
|
|
|
TOTAL |
2525.914 |
2198.820 |
1678.960 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
299.574 |
137.402 |
23.615 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
14.674 |
55.942 |
24.365 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
8.246 |
8.246 |
5.746 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
14.434 |
22.370 |
2.070 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
336.928 |
223.960 |
55.796 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
363.683 |
625.823 |
397.628 |
|
(c)
Trade receivables |
1225.670 |
839.636 |
685.691 |
|
(d)
Cash and cash equivalents |
155.430 |
4.023 |
74.071 |
|
(e)
Short-term loans and advances |
444.203 |
505.378 |
465.741 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.033 |
|
Total
Current Assets |
2188.986 |
1974.860 |
1623.164 |
|
|
|
|
|
|
TOTAL |
2525.914 |
2198.820 |
1678.960 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
5974.698 |
3097.396 |
1525.936 |
|
|
|
Other Income |
278.422 |
48.477 |
0.172 |
|
|
|
TOTAL |
6253.120 |
3145.873 |
1526.108 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
4524.534 |
|
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
262.140 |
(228.196) |
|
|
|
|
Direct Expenses |
1018.588 |
289.734 |
|
|
|
|
Employees benefits expense |
26.474 |
12.272 |
|
|
|
|
Other expenses |
24.201 |
12.433 |
|
|
|
|
Amortisation of Expenses |
0.000 |
0.024 |
|
|
|
|
TOTAL |
5855.937 |
3024.848 |
1513.317 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
397.183 |
121.025 |
[Including
Financial and Depreciation Expenses] |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
170.426 |
54.857 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
226.757 |
66.168 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
108.444 |
5.913 |
|
|
|
|
|
|
|
|
|
|
|
EXCEPTIONAL
ITEMS |
0.022 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
118.335 |
60.255 |
12.791 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
45.368 |
17.430 |
6.029 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
72.967 |
42.825 |
6.762 |
|
|
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORTS |
757.351 |
0.000 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
26.48 |
20.90 |
3.42 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term borrowings |
66.537 |
27.342 |
0.623 |
|
|
|
|
|
|
Cash generation from operations |
557.165 |
(275.298) |
NA |
|
|
|
|
|
|
Net Cash used in Operating activities
|
508.988 |
(291.759) |
(36.520) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.22 |
1.38 |
0.44 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
6.65 |
3.91 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.73 |
2.82 |
0.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23 |
0.17 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.45 |
2.83 |
1.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
1.40 |
1.17 |
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 |
19.773 |
22.692 |
28.499 |
|
Reserves & Surplus |
239.947 |
322.179 |
479.269 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.350 |
0.000 |
0.000 |
|
Net
worth |
260.070 |
344.871 |
507.768 |
|
|
|
|
|
|
Long-term borrowings |
33.522 |
442.255 |
386.560 |
|
Short term borrowings |
312.104 |
506.805 |
790.499 |
|
Current maturities of long-term borrowings |
0.623 |
27.342 |
66.537 |
|
Total
borrowings |
346.249 |
976.402 |
1243.596 |
|
Debt/Equity ratio |
1.331 |
2.831 |
2.449 |
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 |
1525.936 |
3097.396 |
5974.698 |
|
|
|
102.983 |
92.894 |
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 |
1525.936 |
3097.396 |
5974.698 |
|
Profit |
6.762 |
42.825 |
72.967 |
|
|
0.44% |
1.38% |
1.22% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
No |
|
18 |
Major suppliers |
No |
|
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 three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10588668 |
31/07/2015 |
41,955,000.00 |
KOTAK MAHINDRA
BANK LIMITED |
27 BKC, C 27, G BLOCK,
BANDRA KURLA COMPLEX, BANDRA (E), MUMBAI, MAHARASHTRA - 400051, INDIA |
C62895487 |
|
2 |
10581430 |
29/06/2015 |
69,750,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C59517128 |
|
3 |
10574918 |
17/06/2015 |
69,750,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C56433063 |
|
4 |
10532782 |
05/11/2014 |
6,180,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI
BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C34572255 |
|
5 |
10524394 |
19/09/2014 |
26,955,000.00 |
KOTAK MAHINDRA
BANK LIMITED |
27BKC, C 27, G
BLOCK, BANDRA KURLA COMPLEX, BANDRA (E), MUMBAI, MAHARASHTRA - 400051, INDIA |
C26930909 |
|
6 |
10501869 |
31/05/2014 |
25,000,000.00 |
TATA MOTORS
FINANCE LIMITED |
C/O. TATA MOTORS
LIMITED, 3RD FLOOR, NANAVATI MAHALAYA, 18, HOMI MODY STREET, MUMBAI,
MAHARASHTRA - 400001, INDIA |
C06027015 |
|
7 |
10496224 |
30/04/2014 |
51,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C04917969 |
|
8 |
10496839 |
27/04/2014 |
40,000,000.00 |
TATA MOTORS
FINANCE LIMITED |
C/O. TATA MOTORS LIMITED,
3RD FLOOR, NANAVATI MAHALAYA, 18, HOMI MODY STREET, MUMBAI,
MAHARASHTRA - 400001, INDIA |
C03353885 |
|
9 |
10489049 |
15/03/2014 |
15,096,000.00 |
AXIS BANK LIMITED |
AXIS BANK LIMITED,
LAW GARDEN ELLISBRIDGE, AHMEDABAD, GUJARAT - 380006, INDIA |
C03007291 |
|
10 |
10478861 |
21/02/2014 |
64,500,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B96885066 |
|
11 |
10206401 |
30/05/2014 * |
1,000,000,000.00 |
UNION BANK OF
INDIA |
329, SAMTA COLONY,
NEAR SHIKARPURI DHARMSHALLA, RAIPUR, CHHATTISGARH - 492001, INDIA |
C10067650 |
UNSECURED LOANS
|
PARTICULARS |
31.03.2015 (Rs.
In Million) |
31.03.2014 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Other Loans and advances |
154.610 |
317.940 |
|
|
|
|
|
Total |
154.610 |
317.940 |
CORPORATE
INFORMATION
Domiciled in India in the state of Chhattisgarh and incorporated under the
provisions of the Companies Act, 1956. The company is engaged in trading of
coal and transportation activities.
FIXED ASSETS:
·
Land
·
Plant and equipment
·
Factory equipments
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer equipments
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. 64.78 |
|
|
1 |
Rs. 99.54 |
|
Euro |
1 |
Rs. 73.08 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
|
45 |
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.