MIRA INFORM REPORT
|
Report No. : |
344704 |
|
Report Date : |
12.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
JAYESH INDUSTRIES LIMITED (w.e.f.27.03.2000) |
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|
|
|
Formerly Known
As : |
JAYESH INDUSTRIES PRIVATE LIMITED (w.e.f.15.03.2000) AMSON POLYMERS PRIVATE LIMITED |
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|
|
|
Registered
Office : |
605-609, 6th Floor, Krushal Commercial Complex, Amar Mahal, G M Road,
Chembur (West), Mumbai – 400089, Maharashtra |
|
Tel. No.: |
91-22-67039991/ 40749990/ 40119991 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
27.02.1992 |
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|
|
|
Com. Reg. No.: |
11-065609 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs. 9.801 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH1992PLC065609 |
|
|
|
|
IEC No.: |
0395059151 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMJ06478D |
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|
|
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PAN No.: [Permanent Account No.] |
AACCA2870M |
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|
|
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturing,
Exporting, Importing, Processing, Marketing and Supplying of Ferro-Alloys and
related components. |
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|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 193800 |
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|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Slow but correct |
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|
|
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Litigation : |
Clear |
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Comments : |
Subject was earlier known as Amson Polymer Private Limited, a company which
was taken over by the Shah family in 1995; following the takeover, the name
was changed to the current one. Mr. Jayesh Shah, the company’s director,
manages its day-to-day activities. Jayesh Industries manufactures ferroalloy
powders and lumps for the electrodes industry and steel plants, respectively.
It is based in Navi Mumbai (Maharashtra). It has satisfactory track record. Profitability of the company is low during FY 2014. However, the
company possesses a decent profile marked by decent networth base along with
fair liquidity. The rating also takes into consideration promoter’s extensive industry
experience and its established relationships with customers. Trade relations are fair. Business is active. Payment are reported to
be slow but correct. The company can be considered 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 |
|
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 “B-” |
|
Rating Explanation |
Have risk prone – credit quality and carries very high credit risk. |
|
Date |
23.04.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating “A4” |
|
Rating Explanation |
Have minimal degree of safety and carry very high credit risk. |
|
Date |
23.04.2015 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Monil Dinesh Shah |
|
Designation : |
Director |
|
Contact No.: |
91-9820159691 |
|
Date : |
10.10.2015 |
LOCATIONS
|
Registered Office : |
605-609, 6th Floor, Krushal Commercial Complex, Amar Mahal, G M Road,
Chembur (West), Mumbai – 400089, Maharashtra, India |
|
Tel. No.: |
91-22-67039991/ 40749990/ 40119991 |
|
Mobile No.: |
91-9820433671 (Mr. Jayesh D. Shah) 91-9820159691 (Mr. Monil Dinesh Shah) |
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Fax No.: |
91-22-67039990/ 25260986 |
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E-Mail : |
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Website : |
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Location : |
Owned |
|
|
|
|
Factory : |
Plot No. W104,
MIDC, TTC Industrial Area, Thane – Belapur Road, Khairane, Navi Mumbai –
400613, Maharashtra, India |
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|
|
|
Warehouse 2 : |
Plot No. W187
(F), MIDC, TTC Industrial Area, Thane – Belapur Road, Khairane, Navi Mumbai –
400613, Maharashtra, India |
|
|
|
|
Warehouse 3 : |
Located at :
|
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Dinesh Nandlal Shah |
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Designation : |
Managing director |
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Address : |
Jayesh, B/3, R.B. Mehta Marg, Ghatkopar (East), Mumbai ‐ 400077, Maharashtra, India |
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Date of Birth/Age : |
27.07.1948 |
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Date of Appointment : |
01.10.2013 |
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DIN No.: |
00031829 |
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Other Directorship:
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Name : |
Mr. Jayesh Dinesh Shah |
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|
Designation : |
Whole-time director |
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|
Address : |
Jayesh, B/3, R.B. Mehta Marg, Ghatkopar (East), Mumbai ‐ 400077, Maharashtra, India |
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Date of Birth/Age : |
02.05.1975 |
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Date of Appointment : |
01.10.2013 |
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DIN No.: |
00031900 |
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Other Directorship:
|
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|
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Name : |
Mr. Utpal Dinesh Shah |
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Designation : |
Whole-time director |
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|
Address : |
Jayesh, B/3, R.B. Mehta Marg, Ghatkopar (East), Mumbai ‐ 400077, Maharashtra, India |
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Date of Birth/Age : |
29.04.1979 |
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Date of Appointment : |
01.10.2013 |
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DIN No.: |
00031972 |
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Other Directorship:
|
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|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Monil Dinesh Shah |
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|
Designation : |
Whole-time director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Jayesh, B/3, R.B. Mehta Marg, Ghatkopar (East), Mumbai ‐ 400077, Maharashtra, India |
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Date of Birth/Age : |
25.09.1981 |
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Date of Appointment : |
17.07.2000 |
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DIN No.: |
00031997 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Dinesh Nandlal Shah |
|
4690 |
|
Jayesh Dinesh
Shah |
|
4668 |
|
Usha Dinesh Shah |
|
4750 |
|
Utpal Dinesh Shah |
|
4950 |
|
Monil Dinesh Shah |
|
5950 |
|
Dinesh Nandlal
Shah Karta of Dinesh N Shah HUF |
|
10000 |
|
Utpal Impex Private Limited, India |
|
5 |
|
Jayesh Metals and Fero Alloys Private Limited, India |
|
5 |
|
Jayesh D Shah jointly with Usha D Shah |
|
2668 |
|
Usha D Shah jointly with Dinesh N Shah |
|
6250 |
|
Utpal D Shah jointly with Usha D Shah |
|
2700 |
|
Monil DInesh Shah jointly with Dinesh N Shah |
|
2700 |
|
Dinesh N Shah jointly with Usha D Shah |
|
6310 |
|
Jayesh Dinesh Shah jointly with Anuradha Jayesh Shah |
|
5464 |
|
Anuradha Jayesh Shah jointly with Jayesh Dinesh Shah |
|
7200 |
|
Naman Jayesh Shah jointly with Rep. by Father and natural Gurdian Jayesh Dinesh Shah |
|
1000 |
|
Veer Jayesh Shah jointly with Rep. by Father and natural Gurdian Jayesh Dinesh Shah |
|
1000 |
|
Utpal Dinesh Shah jointly with Hetal Utpal Shah |
|
9600 |
|
Hetal Utpal Shah jointly with Utpal Dinesh Shah |
|
4750 |
|
Monil Dinesh Shah jointly with Pooja Monil Shah |
|
9600 |
|
Pooja Monil Shah jointly with Monil Dinesh Shah |
|
3750 |
|
Total |
|
98010 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
0.01 |
|
Directors or relatives of Directors |
99.99 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing,
Exporting, Importing, Processing, Marketing and Supplying of Ferro-Alloys and
related components. |
|
|
|
|
Products : |
·
Ferro-Alloys ·
Metals
·
Minerals
·
Chemicals |
|
|
|
|
Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
·
Japan ·
Turkey ·
Brazil ·
Indonesia ·
Malaysia |
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|
|
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Imports : |
|
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Products : |
Raw Material |
|
Countries : |
·
Russia ·
China ·
Canada |
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|
|
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Terms : |
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Selling : |
Cash / L/C / Credit |
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|
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Purchasing : |
Cash / L/C / Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
50 (Approximately) |
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|
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Bankers : |
· Dena Bank, Krishna Bhuvan, Vile Parle (East), Bombay - 400057, Maharashtra, India |
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|
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Facilities : |
|
|
Auditors : |
|
|
Name : |
J. D. Zatakia and Company Chartered Accountants |
|
Address : |
306, Rupa Plaza, Jawahar Road, Ghatkopar (East), Mumbai – 400077,
Maharashtra, India |
|
Tel. No.: |
91-22-25010052 |
|
Mobile No.: |
91-9820122976 |
|
Fax No.: |
91-22-25011051 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAPZ0084D |
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|
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Memberships : |
-- |
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|
|
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Collaborators : |
-- |
|
|
|
|
Associates Companies/ Firms : |
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150,000 |
Equity Shares |
Rs.100/- each |
Rs. 15.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
98,010 |
Equity Shares |
Rs.100/- each |
Rs. 9.801
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 |
9.801 |
8.001 |
8.001 |
|
(b) Reserves & Surplus |
58.003 |
53.947 |
58.732 |
|
(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) |
67.804 |
61.948 |
66.733 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
12.496 |
10.667 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.351 |
0.684 |
0.274 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
1.310 |
11.012 |
11.575 |
|
Total Non-current Liabilities
(3) |
14.157 |
22.363 |
11.849 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
129.587 |
128.132 |
102.058 |
|
(b) Trade
payables |
36.082 |
55.823 |
26.053 |
|
(c) Other
current liabilities |
5.013 |
7.727 |
7.651 |
|
(d) Short-term
provisions |
1.720 |
0.000 |
11.000 |
|
Total Current
Liabilities (4) |
172.402 |
191.682 |
146.762 |
|
|
|
|
|
|
TOTAL |
254.363 |
275.993 |
225.344 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
36.200 |
39.624 |
27.843 |
|
(ii)
Intangible Assets |
0.018 |
0.045 |
0.000 |
|
(iii)
Capital work-in-progress |
2.748 |
1.952 |
4.445 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
3.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.527 |
14.955 |
2.287 |
|
(e) Other
Non-current assets |
0.834 |
5.888 |
0.000 |
|
Total Non-Current Assets |
44.327 |
62.464 |
37.575 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
3.275 |
0.000 |
|
(b)
Inventories |
75.821 |
53.859 |
65.443 |
|
(c) Trade
receivables |
106.444 |
135.807 |
100.516 |
|
(d) Cash and
cash equivalents |
7.434 |
5.713 |
1.099 |
|
(e)
Short-term loans and advances |
20.337 |
14.875 |
17.814 |
|
(f) Other
current assets |
0.000 |
0.000 |
2.897 |
|
Total
Current Assets |
210.036 |
213.529 |
187.769 |
|
|
|
|
|
|
TOTAL |
254.363 |
275.993 |
225.344 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
469.313 |
440.594 |
509.107 |
|
|
|
Other Income |
5.277 |
9.077 |
17.255 |
|
|
|
TOTAL (A) |
474.590 |
449.671 |
526.362 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
364.101 |
374.071 |
437.624 |
|
|
|
Increase / Decrease in Inventories |
1.736 |
(4.611) |
0.000 |
|
|
|
Employees benefits expense |
25.012 |
19.846 |
16.465 |
|
|
|
Other expenses |
51.929 |
41.750 |
49.050 |
|
|
|
TOTAL (B) |
442.778 |
431.056 |
503.139 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
31.812 |
18.615 |
23.223 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
18.972 |
18.450 |
14.411 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
12.840 |
0.165 |
8.812 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
6.081 |
4.528 |
4.079 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
6.759 |
(4.363) |
4.733 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.983 |
0.422 |
1.579 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX (G-H) (I) |
5.776 |
(4.785) |
3.154 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B value of exports |
194.804 |
94.014 |
123.233 |
|
|
TOTAL EARNINGS |
194.804 |
94.014 |
123.233 |
|
|
|
|
|
|
|
|
|
|
Value of Imports
on CIF |
|
|
|
|
|
|
|
Raw Materials |
218.176 |
197.710 |
274.605 |
|
|
TOTAL IMPORTS |
218.176 |
197.710 |
274.605 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
58.93 |
(59.80) |
39.42 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
14.165 |
12.138 |
46.945 |
|
Net cash flows operating Activities |
13.442 |
12.126 |
45.057 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.23 |
(1.09) |
0.62 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
6.78 |
4.22 |
4.56 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.69 |
(1.59) |
2.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
(0.07) |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.10 |
2.24 |
1.53 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.22 |
1.11 |
1.28 |
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 |
8.001 |
8.001 |
9.801 |
|
Reserves & Surplus |
58.732 |
53.947 |
58.003 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
66.733 |
61.948 |
67.804 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
10.667 |
12.496 |
|
Short term borrowings |
102.058 |
128.132 |
129.587 |
|
Total
borrowings |
102.058 |
138.799 |
142.083 |
|
Debt/Equity
ratio |
1.529 |
2.241 |
2.095 |
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) |
|
Revenue from Operations |
509.107 |
440.594 |
469.313 |
|
|
|
(13.457) |
6.518 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Revenue from Operations |
509.107 |
440.594 |
469.313 |
|
Profit/ (Loss) |
3.154 |
(4.785) |
5.776 |
|
|
0.62% |
(1.09%) |
1.23% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
No |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
Yes |
|
8] |
Designation of contact person |
Yes |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
No |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
Yes |
|
16] |
No. of employees |
Yes |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
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 |
Yes |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and
Advances from |
|
|
|
-Directors and Related Parties |
11.235 |
6.575 |
|
-Others |
1.200 |
4.000 |
|
Others Loans and
Advances |
|
|
|
Advance from Customers |
0.061 |
0.092 |
|
Total |
12.496 |
10.667 |
FINANCIAL RESULTS:
The company has earned total income of Rs.
474.590 Million. The company has earned Profit of Rs.5.776 Million after providing
depreciation of Rs.6.081 Million and current year’s wealth tax of Rs.1.310
Million. The directors are hopeful that in the coming year better financial
results will follow. The company has transferred Rs.1.000 to general reserve
account.
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
80011271 |
16/06/2011 * |
171,259,000.00 |
STATE BANK OF INDIA |
Specialised S.I.B. Branch, Hotel Airways Bldg, Ground Floor, L.B.S.
Marg, Ghatkopar (West),, Mumbai, Maharashtra - 400086, INDIA |
B18307207 |
|
2 |
80011273 |
16/06/2011 * |
186,259,000.00 |
STATE BANK OF INDIA |
Specialised S.I.B. Branch, Hotel Airways Bldg, Ground Floor, L.B.S.
Marg, Ghatkopar (West),, Mumbai, Maharashtra - 400086, INDIA |
B18307496 |
* Date of charge modification
FIXED ASSETS
Tangible Assets
- Land
- Buildings
- Office Equipments
- Furniture and Fixture
- Plant and Machinery
- Vehicles
- Computers
Intangible Assets
- Software
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 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
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
2 |
|
--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 |
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 |
|
42 |
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.