MIRA INFORM REPORT
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Report No. : |
345071 |
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Report Date : |
17.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHREE RADHAKRISHNA MARKETING PRIVATE LIMITED |
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Registered
Office : |
B/10, Om Gopinath Estate, N. H. No. 8, Aslali, Ahmedabad - 382405,
Gujarat |
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Tel. No.: |
91-79-25506619 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
09.12.1993 |
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Com. Reg. No.: |
04-020803 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.498 Million |
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|
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CIN No.: [Company Identification
No.] |
U51100GJ1993PTC020803 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Trader of all types of Industrial Machinery. |
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No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (14) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject was established in the year 1993. It has moderate track. The company has registered minimal sales turnover and small profit
earnings. It has weak liquidity profile and net worth position of the company
has been eroded. Business is active. Payments terms are slow. The company can be considered for business dealings on fully safe and
secure trade terms and conditions. Note: As confirmed by Mr. Dhimant Khatri, Shree Radhakrishna Marketing Private Limited was run by Mr. Guarav Khandelwal and Mrs. Manju Jagdish Khandelwal. Due to huge loss in business they sold this company to Mr. Hiren shah and Mr. Dhimen Khatri in the year December 2014. Earlier they were dealing in trading business of Plywood. The new management change the activity of business to Manufacturing and trading of all types of Industrial machinery. Mr. Dhimant Khatri provided all details of the company. |
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 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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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. Dhimant Khatri |
|
Designation : |
Director |
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Contact No.: |
91-9898028812 |
|
Date : |
13.10.2015 |
LOCATIONS
|
Registered Office/ Factory : |
B/10, Om Gopinath Estate, N. H. No. 8, Aslali, Ahmedabad - 382405,
Gujarat, India |
|
Tel. No.: |
91-79-25506619 |
|
Mobile No.: |
91-9898028812 (Mr. Dhimant) |
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Fax No.: |
Not Avaialble |
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E-Mail : |
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Area : |
550 Sq. Ft. |
|
Location : |
Rented |
|
Locality : |
Commercial |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Hirenbhai Chinubhai Shah |
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Designation : |
Additional Director |
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Address : |
225, Mahasukhnagar, Naroda, Behind Krishna Nagar, Ahmedabad - 382346, Gujarat, India |
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Qualification : |
M.Sc |
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Date of Appointment : |
17.01.2015 |
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DIN No.: |
06606032 |
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Other Directorship :
|
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|
Name : |
Mr. Dhimant Khatri |
|
Designation : |
Director |
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Date of Birth/Age : |
35 Years |
|
Qualification : |
M. Com |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Gaurav J. Khandelwal |
|
8500 |
|
Snehal Rasiklal Shah |
|
2000 |
|
Jagdish B. Khandelwal |
|
5800 |
|
Manju J. Khandelwal |
|
8000 |
|
Shrikant Durgadurt Gupta |
|
2000 |
|
Smita Gaurav Khandelwal |
|
3880 |
|
Mansi Jagdish Khandelwal |
|
2000 |
|
Arunbhai Dahyalal Patel |
|
500 |
|
Savitaben Vinubhai Patel |
|
500 |
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Rakesh Rasikhlal Shah Jointly With Rasiklal Amrutlal Shah |
|
2000 |
|
Savitaben Navinchandra Chalishazar |
|
1000 |
|
Vinubhai Maganlal Patel |
|
500 |
|
Jagdish B. Khandelwal Huf |
|
2000 |
|
Ilaben Hiren Chalishazar |
|
1000 |
|
Purnimaben Navinchandra Chalishazar |
|
1000 |
|
Gaurav Jagdish Khandelwal Huf |
|
6080 |
|
Hiren Navinchandra Chalishazar |
|
1000 |
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Jhalak Jagdish Khandelwal Jointly With Jagdish Khandelwal |
|
2000 |
|
Total |
|
49760 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Trader of all types of Industrial Machinery. |
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Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
25 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
D. S. Khatri and Company Chartered Accountants |
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Address : |
3rd Floor, Ankleswariya Trust Building, Opposite Vijli Ghar, Lal
Darwaja, Ahmedabad - 380001, Gujarat, India |
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Tel. No.: |
91-2718-262484 |
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E-Mail : |
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PAN No. of
Auditors Firm: |
AWIPK3042Q |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
49,760 |
Equity Shares |
Rs.10/- each |
Rs. 0.498 Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover |
|
|
460.000 |
Expected Sales (2015-16): Rs.800.000 Million.
The above information has been parted by Mr. Dhimant Khatri (Director).
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
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|
|
|
(a) Share Capital |
0.498 |
0.498 |
0.498 |
|
(b) Reserves & Surplus |
(2.241) |
(2.312) |
(2.764) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
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(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
(1.743) |
(1.814) |
(2.266) |
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(3)
Non-Current Liabilities |
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|
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|
(a) long-term borrowings |
5.090 |
5.030 |
3.501 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
5.090 |
5.030 |
3.501 |
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(4)
Current Liabilities |
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|
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|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
0.625 |
1.025 |
1.445 |
|
(c) Other
current liabilities |
0.118 |
0.136 |
0.133 |
|
(d) Short-term
provisions |
0.125 |
0.125 |
0.105 |
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Total Current
Liabilities (4) |
0.868 |
1.286 |
1.683 |
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|
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TOTAL |
4.215 |
4.502 |
2.918 |
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II.
ASSETS |
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(1)
Non-current assets |
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(a) Fixed
Assets |
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|
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(i)
Tangible assets |
0.000 |
0.226 |
0.293 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.002 |
0.002 |
0.002 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
0.002 |
0.228 |
0.295 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.213 |
0.273 |
0.415 |
|
(c) Trade
receivables |
2.476 |
3.168 |
1.521 |
|
(d) Cash
and cash equivalents |
1.281 |
0.578 |
0.331 |
|
(e)
Short-term loans and advances |
0.243 |
0.255 |
0.356 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
4.213 |
4.274 |
2.623 |
|
|
|
|
|
|
TOTAL |
4.215 |
4.502 |
2.918 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
TOTAL SALES |
0.349 |
6.203 |
7.668 |
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES |
0.171 |
5.502 |
7.357 |
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
0.178 |
0.701 |
0.311 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.107 |
0.184 |
0.160 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
0.071 |
0.517 |
0.151 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
0.000 |
0.066 |
0.088 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
0.071 |
0.451 |
0.063 |
|
|
|
|
|
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|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
0.071 |
0.451 |
0.063 |
|
|
|
|
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|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
(2.313) |
(2.764) |
(2.827) |
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE
BALANCE SHEET |
(2.242) |
(2.313) |
(2.764) |
|
|
|
|
|
|
|
|
EARNINGS / (LOSS) PER
SHARE (RS.) |
1.43 |
9.07 |
1.28 |
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 |
NA |
NA |
NA |
|
Cash generated from (Used) operations |
NA |
NA |
NA |
|
Cash generated from Operating Activities |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
20.34 |
7.27 |
0.82 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
51.00 |
11.30 |
4.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.68 |
10.02 |
2.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.04) |
(0.25) |
(0.03) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(2.92) |
(2.77) |
(1.55) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.85 |
3.32 |
1.56 |
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 |
0.498 |
0.498 |
0.498 |
|
Reserves & Surplus |
(2.764) |
(2.312) |
(2.241) |
|
Net
worth |
(2.266) |
(1.814) |
(1.743) |
|
|
|
|
|
|
long-term borrowings |
3.501 |
5.030 |
5.090 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
3.501 |
5.030 |
5.090 |
|
Debt/Equity
ratio |
(1.545) |
(2.773) |
(2.920) |
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 |
7.668 |
6.203 |
0.349 |
|
|
|
(19.105) |
(94.374) |
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
|
7.668 |
6.203 |
0.349 |
|
Profit |
0.063 |
0.451 |
0.071 |
|
|
0.82% |
7.27% |
20.34% |
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 |
No |
|
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) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO CHARGES
EXIST FOR COMPANY
FIXED ASSETS
- Land
- Building
- Furniture’s and Fixtures
- Office Equipment
- Computer
- Vehicles
- Pattern
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. 64.97 |
|
|
1 |
Rs. 100.55 |
|
Euro |
1 |
Rs. 73.99 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
SYL |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
1 |
|
--MARGINS |
-5~5 |
|
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
14 |
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.