MIRA INFORM REPORT
|
Report No. : |
345301 |
|
Report Date : |
14.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
VEETRAG COMPUTERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
S. No. 219, Opposite Galaxy Cable, MIDC Kupwad Block, Savali-416410,
Maharashtra |
|
Mobile No.: |
91-9689891768 (Mr. Alankar) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
01.09.2014 |
|
|
|
|
Com. Reg. No.: |
11-152370 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909PN2014PTC152370 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealer and Distributor of Computer and Computer Peripherals. |
|
|
|
|
No. of Employees
: |
26 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
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 : |
Subject was established in the year 1994 as proprietary concern with the
name “Veetrag Computers” and later during the year 2014 it got converted into
private limited with name “Veetrag Computers Private Limited”. Mr. Alankar Mane (Account Manager) provided information and also
confirmed that the company commenced its operation with private limited from
23rd September, 2015 prior to that the subject was working as
proprietary concern. As per available audited financial of 2015, profit margin of the concern
is good. General financial position is seems to be sound and healthy. Trade relations are reported as fair. Business is active. Payments are
reported as usually correct and as per commitments. The subject can be considered normal for business dealings at usual
trade terms and condition. Note : The rating is based on “Veetrag Computers” proprietary concern for the
year ended 31st March 2015. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Alankar Mane |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9689891768 |
|
Date : |
13.10.2015 |
LOCATIONS
|
Registered Office : |
S. No. 219, Opposite Galaxy Cable, MIDC Kupwad Block, Savali-416410,
Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9689891768 (Mr. Alankar) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
Locality : |
Commercial |
|
|
|
|
Administrative Office / Corporate office : |
12, 13 and 14, Sidhivinaya Complex, Near Tata Petrol Pump, Guest House Sangli – 416416, Maharashtra, India |
|
|
|
|
Warehouse : |
1st Floor, Shri Hanuman Saha Kurum Pani Purvatha Society Limited, Udga
Latuka Shirol, Kolhapur – 416103, Maharashtra, India |
|
Tel No.: |
91-233-2670885 |
|
Area
: |
700 sq. ft. |
|
Location
: |
Owned |
|
|
|
|
Sales office 1 : |
S1/S2/S3, Infinity Complex, Opposite Dhairyaprasad Hall, Tarabai Park, Kolhapur – 416 003, Maharashtra, India |
|
|
|
|
Sales office 2 : |
Plot No.81, Survey No.43, Zone No.30 1466, Ravi Park Co. Op. Housing Society, Hadapsar Pune – 411028,Maharashtra, India |
DIRECTORS
As on 31.03.2015
|
Name : |
Mr. Praveen Vrashabhanath Naik |
|
Designation : |
Director |
|
Address : |
Devaki Plot No. 8 Parshwanathnagar, Kupwad Road Near Jain Basti, Sangli-416415, Maharashtra, India |
|
Date of Birth/Age : |
28.05.1967 |
|
Date of Appointment : |
01.09.2014 |
|
DIN No.: |
01844384 |
|
PAN No.: |
AAJPN0332R |
|
|
|
|
Name : |
Mrs. Deepa Pravin Naik |
|
Designation : |
Director |
|
Address : |
Plot No. 08, Parshwnath Nagar, Sangli-416415, Maharashtra, India |
|
Date of Birth/Age : |
02.08.1969 |
|
Date of Appointment : |
01.09.2014 |
|
DIN No.: |
01669061 |
|
PAN No.: |
AAJPN0327J |
KEY EXECUTIVES
|
Name : |
Mr. Alankar Mane |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2015
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Praveen Vrashabhanath Naik |
900 |
90.00 |
|
Deepa Pravin Naik |
100 |
10.00 |
|
Total |
1000 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer and Distributor of Computer and Computer Peripherals. |
|
|
|
|
Products : |
·
Computer ·
Computer Peripherals |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Cheque / Credit |
|
|
|
|
Purchasing : |
Cheque / Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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||||||||||||||||||||||
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No. of Employees : |
26 (Approximately) |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Bankers : |
·
ICICI Bank Limited, Sangli Branch,
Maharashtra, India · Axis Bank Limited, City Survey No. 32/A, Ambrai Road, Azad Chowk, Opposite Collector's Bunglow, Sangli, Maharashtra - 416416, India |
|
Auditors : |
|
|
Name : |
Khire Khandekar and Kirloskar Chartered Accountants |
|
Address : |
157, Raghukul, South Shivaji Nagar, Panchmukhi Maruti Road,
Sangli-416416, Maharashtra, India |
|
Tel. No.: |
91-233-2376096/2377315 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFK5801E |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs. 5.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000 |
Equity Shares |
Rs.100/- each |
Rs. 0.100
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
01.09.2014 to 31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
0.100 |
|
(b) Reserves & Surplus |
|
|
(0.032) |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
0.068 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
0.126 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term
provisions |
|
|
0.000 |
|
Total Non-current
Liabilities (3) |
|
|
0.126 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
|
0.000 |
|
(b) Trade
payables |
|
|
0.000 |
|
(c) Other
current liabilities |
|
|
0.000 |
|
(d) Short-term
provisions |
|
|
0.008 |
|
Total Current
Liabilities (4) |
|
|
0.008 |
|
|
|
|
|
|
TOTAL |
|
|
0.202 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
|
0.000 |
|
(ii)
Intangible Assets |
|
|
0.000 |
|
(iii)
Capital work-in-progress |
|
|
0.000 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
0.000 |
|
(e) Other
Non-current assets |
|
|
0.092 |
|
Total Non-Current
Assets |
|
|
0.092 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
0.000 |
|
(c) Trade
receivables |
|
|
0.000 |
|
(d) Cash
and cash equivalents |
|
|
0.110 |
|
(e) Short-term
loans and advances |
|
|
0.000 |
|
(f) Other
current assets |
|
|
0.000 |
|
Total
Current Assets |
|
|
0.110 |
|
|
|
|
|
|
TOTAL |
|
|
0.202 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
01.09.2014 to 31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
0.000 |
|
|
|
Other Income |
|
|
0.000 |
|
|
|
TOTAL (A) |
|
|
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Administrative Expenses |
|
|
0.032 |
|
|
|
TOTAL (B) |
|
|
0.032 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
|
|
(0.032) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
|
|
(0.032) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
|
|
(0.032) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
|
|
(0.032) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
(31.72) |
|
Expected Sales 2015-2016 : Rs. 440.000 Million
The above information has been parted by Mr. Alankar Mane (Accounts
Manager)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
|
|
01.09.2014 to 31.03.2015 |
|
Current Maturities of Long term debt |
|
|
NA |
|
Cash generated from operations |
|
|
(0.107) |
|
Net cash flows from operating Activities |
|
|
(0.116) |
KEY
RATIOS
|
PARTICULARS |
|
|
|
01.09.2014 to 31.03.2015 |
|
Net Profit Margin (PAT / Sales) |
(%) |
|
|
0.00 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
|
|
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
(15.84) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
(0.47) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
|
|
1.85 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
13.75 |
ABRIDGED
BALANCE SHEET
VEETRAG
COMPUTERS
(Proprietorship
Firm)
|
SOURCES OF FUNDS |
|
|
31.03.2015 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Proprietor’s Capital |
|
|
31.791 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
31.791 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.998 |
|
|
2] Unsecured Loans |
|
|
9.876 |
|
|
TOTAL BORROWING |
|
|
10.874 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
42.665 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2.478 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
1.400 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
25.301
|
|
|
Sundry Debtors |
|
|
51.821
|
|
|
Cash & Bank Balances |
|
|
3.862
|
|
|
Other Current Assets |
|
|
19.157
|
|
|
Loans & Advances |
|
|
0.600
|
|
Total
Current Assets |
|
|
100.741
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
59.300
|
|
|
Other Current Liabilities |
|
|
2.633
|
|
|
Provisions |
|
|
0.021
|
|
Total
Current Liabilities |
|
|
61.954
|
|
|
Net Current Assets |
|
|
38.787
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
42.665 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
312.818 |
|
|
|
Other Income |
|
|
3.413 |
|
|
|
TOTAL |
|
|
316.231 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of goods sold |
|
|
282.770 |
|
|
|
Godown expenses |
|
|
0.013 |
|
|
|
Miscellaneous expenses |
|
|
0.255 |
|
|
|
Rent expenses |
|
|
0.113 |
|
|
|
Tea and hotel expenses |
|
|
0.299 |
|
|
|
Audit fee |
|
|
0.108 |
|
|
|
Computer Stationery |
|
|
0.003 |
|
|
|
Consultancy charges |
|
|
0.014 |
|
|
|
Gift expenses |
|
|
0.047 |
|
|
|
Insurance Charges |
|
|
0.148 |
|
|
|
Postage and courier |
|
|
0.439 |
|
|
|
Printing and stationery |
|
|
0.423 |
|
|
|
Professional tax- Proprietor |
|
|
0.003 |
|
|
|
Registration fees |
|
|
0.092 |
|
|
|
Telephone Expenses |
|
|
0.218 |
|
|
|
Vehicle Repair Charges |
|
|
0.066 |
|
|
|
Bonus |
|
|
0.108 |
|
|
|
Managers Salary |
|
|
0.708 |
|
|
|
Marketing Staff Incentive |
|
|
0.117 |
|
|
|
Office Staff Incentive |
|
|
0.182 |
|
|
|
Service Staff Incentive |
|
|
0.151 |
|
|
|
Staff Salary |
|
|
2.895 |
|
|
|
Staff Welfare Expenses |
|
|
0.056 |
|
|
|
Bank Charges |
|
|
0.512 |
|
|
|
Interest on Deposit |
|
|
0.356 |
|
|
|
Interest Paid on Bank CC |
|
|
1.861 |
|
|
|
Interest Paid on ICICI Loan |
|
|
0.085 |
|
|
|
Late Delivery Charges |
|
|
0.016 |
|
|
|
Valuation Report Charges |
|
|
0.019 |
|
|
|
Petrol Expenses |
|
|
0.640 |
|
|
|
Advertisement Expenses |
|
|
0.121 |
|
|
|
Discount Allowed |
|
|
0.869 |
|
|
|
Electric Material Expenses at Client Site |
|
|
0.027 |
|
|
|
Sales Commission paid |
|
|
11.623 |
|
|
|
Tender Expenses |
|
|
0.046 |
|
|
|
Trade Discount on Sales |
|
|
0.141 |
|
|
|
Travelling and Conveyance |
|
|
0.293 |
|
|
|
Visit fee at client site |
|
|
0.005 |
|
|
|
Freight and Hamali |
|
|
0.615 |
|
|
|
Electrical fitting and other Charges |
|
|
0.000 |
|
|
|
Octroi |
|
|
0.019 |
|
|
|
Other Charges |
|
|
0.122 |
|
|
|
Labour Charges |
|
|
0.175 |
|
|
|
LBT Tax Expenses |
|
|
0.616 |
|
|
|
Repairing Charges |
|
|
0.201 |
|
|
|
TOTAL |
|
|
307.590 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
8.641 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.473 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT /
(LOSS) |
|
|
8.168 |
|
|
Particulars |
|
31.03.2014 |
31.03.2013 |
|
Sales Turnover (Approximately) |
|
290.000 |
230.000 |
The above information has been parted by Mr. Alankar Mane (Accounts
Manager)
KEY
RATIOS
|
PARTICULARS |
|
|
|
31.03.2015 |
|
Net Profit Margin (PAT / Sales) |
(%) |
|
|
2.61 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
7.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
|
|
0.34 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
1.42 |
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) |
No |
|
16] |
No. of employees |
Yes |
|
17] |
Details of sister concerns |
No |
|
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 |
Yes |
|
29] |
Profitability for last one year |
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 |
Yes |
|
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 |
10577003 |
15/06/2015 |
20,000,000.00 |
Axis Bank Limited |
City Survey No. 32/A, Ambrai Road,, Azad Chowk, Opposite Collector's Bunglow,,
Sangli, Maharashtra - 41 |
C57497604 |
* Date of charge modification
UNSECURED LOAN
|
Particular |
|
31.03.2015 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Deposits – Praveen Naik – Director |
|
0.126 |
|
Total |
|
0.126 |
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.65.02 |
|
|
1 |
Rs.99.88 |
|
Euro |
1 |
Rs.73.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
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 |
NO |
|
--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.