MIRA INFORM REPORT
|
Report No. : |
345472 |
|
Report Date : |
20.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
ACE BRAIN SYSTEMS AND SOFTWARE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 1559, Sadashiv Peth, |
|
Tel. No.: |
91-22-24329731 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
19.05.1998 |
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Com. Reg. No.: |
11-012516 |
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Capital
Investment / Paid-up Capital : |
Rs.6.250 Million |
|
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|
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CIN No.: [Company Identification
No.] |
U72200PN1998PTC012516 |
|
|
|
|
IEC No.: |
3106013885 |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
PNEA02547G |
|
|
|
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PAN No.: [Permanent Account No.] |
AADCA7232L |
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|
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Dealer Distributor of Computer Peripherals. |
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|
|
|
No. of Employees
: |
80 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
As per registrar of companies, the date of balance sheet (i.e.
financial field) is shown as 31.03.2014 but the documents related to the financials
are not available from any source. However, as per 2013 financials, management has witnessed a drastic
dip in its sales revenue which further led to dip its net profitability but
company has decent financial risk profile supported by fair net worth base
and has low external borrowing recorded in the books during a year under a
review. Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. In view of aforesaid, the company can be considered for business
dealings with some caution. |
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 |
CRISIL |
|
Rating |
Long term Bank Facilities (Suspended) = B+ |
|
Rating Explanation |
Risk-prone-credit-quality and carries very high credit risk. |
|
Date |
December 06, 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term Bank Facilities (Suspended) = A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
December 06, 2014 |
Reason for suspension = Absence of requisite
information.
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. Yogesh P. Godbole |
|
Designation : |
Director |
|
Contact No.: |
91-9423005472 |
|
Date : |
16.10.2015 |
LOCATIONS
|
Registered Office : |
No. 1559, Sadashiv Peth, Tilak Road, Opposite Hotel Suryah, Pune –
411030, Maharashtra, India |
|
Tel. No.: |
91-20-65605060/ 1/ 2/ 3/ 4/ 24335871/ 24329731 |
|
Mobile No.: |
91-9423005472 (Mr. Yogesh Pramod Godbole) |
|
Fax No.: |
91-20-24329730 / 1 / 2 / 24335871 |
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E-Mail : |
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|
Website : |
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|
|
|
|
Branch Address / Head office : |
Office No. 10 to 14, 2nd Floor, Bhakti Plaza, Near Bremen Circle, Aundh, Pune – 411007, Maharashtra, India |
|
Tel. No.: |
91-20-64019348/ 64010058 |
|
Fax No.: |
91-20-24329732 |
|
E-Mail : |
|
|
|
|
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Warehouse : |
Rose Wood Park, RH 8, Near BSNL Telephone Exchange, Pune Neagar Road,
Wagholi, Pune – 412207, Maharashtra, India
|
|
Fax No.: |
91-20-24329732 |
|
E-Mail : |
|
|
Area : |
1300 Sq. ft |
|
Location : |
Rented |
|
|
|
|
Sales Office: |
5407, Maverick Point Lane, Katy, Texas – 77494, USA. |
|
E-Mail : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Sandeep Madhav Bendigiri |
|
Designation : |
Director |
|
Address : |
B-1703, Gagan Vihar, Near Gagan Dham, Marketyard, Pune – 411037,
Maharashtra, India |
|
Date of Birth/Age : |
12.04.1968 |
|
Qualification : |
B.C.S. |
|
Experience : |
22 Years |
|
Date of Appointment : |
19.05.1998 |
|
DIN No.: |
00026177 |
|
|
|
|
Name : |
Mr. Sarang Yashwant Satarkar |
|
Designation : |
Director |
|
Address : |
501, Cordia, Nyati Estate, Phase-II, Mohmmadwadi, Pune – 411029,
Maharashtra, India |
|
Date of Birth/Age : |
17.07.1970 |
|
Qualification : |
B.E. |
|
Experience : |
22 Years |
|
Date of Appointment : |
19.05.1998 |
|
DIN No.: |
00018732 |
|
|
|
|
Name : |
Mr. Yogesh Pramod Godbole |
|
Designation : |
Director |
|
Address : |
F. No. 202, Erythrenea Nyati Estate, Phase – II, Mohamedwadi, Pune –
411029, Maharashtra, India |
|
Date of Birth/Age : |
18.03.1969 |
|
Qualification : |
B.E. |
|
Experience : |
22 Years |
|
Date of Appointment : |
19.05.1998 |
|
DIN No.: |
00018746 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Yogesh Pramod Godbole |
208500 |
33.36 |
|
Sarang Yashwant Satarkar |
208250 |
33.32 |
|
Sandeep Madhav Bendigiri |
208250 |
33.32 |
|
Total |
625000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer Distributor of Computer Peripherals. |
|
|
|
|
Products : |
Computer Peripherals. |
|
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|
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cheque and Credit |
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Purchasing : |
Cheque and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
80 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
M.N. Devi and Associates Chartered Accountants |
|
Address : |
'A' 101 and 102,Shreenath Plaza, Dnyaneshwar Paduka Chowk,
Shivajinagar, Pune – 411005, Maharashtra, India |
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Tel. No.: |
91-20-25513735 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAAM5961F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiaries : |
· Ace Brain Technologies Private Limited CIN No.: U72200PN2007PTC130242 · Arithematic System and Technology |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
625000 |
Equity Shares |
Rs.10/- each |
Rs.6.250
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
6.250 |
6.250 |
6.250 |
|
(b) Reserves & Surplus |
62.982 |
53.278 |
10.845 |
|
(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) |
69.232 |
59.528 |
17.095 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.404 |
13.013 |
8.306 |
|
(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) |
0.404 |
13.013 |
8.306 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
91.820 |
126.041 |
132.401 |
|
(c) Other
current liabilities |
3.369 |
10.492 |
2.864 |
|
(d) Short-term
provisions |
20.811 |
37.397 |
35.166 |
|
Total Current
Liabilities (4) |
116.000 |
173.930 |
170.431 |
|
|
|
|
|
|
TOTAL |
185.636 |
246.471 |
195.832 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
7.762 |
7.736 |
2.466 |
|
(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 |
2.635 |
2.635 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.707 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.168 |
0.234 |
0.000 |
|
Total Non-Current
Assets |
10.565 |
10.605 |
3.173 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
2.635 |
|
(b)
Inventories |
5.658 |
9.214 |
4.525 |
|
(c) Trade
receivables |
140.054 |
189.616 |
160.967 |
|
(d) Cash
and cash equivalents |
1.073 |
3.577 |
0.838 |
|
(e)
Short-term loans and advances |
5.013 |
3.975 |
4.724 |
|
(f) Other
current assets |
23.273 |
29.484 |
18.970 |
|
Total
Current Assets |
175.071 |
235.866 |
192.659 |
|
|
|
|
|
|
TOTAL |
185.636 |
246.471 |
195.832 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
356.412 |
607.581 |
193.942 |
|
|
|
Other Income |
NA |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
NA |
607.581 |
193.942 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
496.903 |
146.896 |
|
|
|
Employee Benefit Expenses |
|
21.152 |
7.488 |
|
|
|
Other Expenses |
|
68.177 |
32.305 |
|
|
|
TOTAL (B) |
NA |
586.232 |
186.689 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
21.349 |
7.253 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
5.590 |
2.995 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
15.759 |
4.258 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
1.782 |
0.663 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
13.977 |
3.595 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
0.473 |
1.309 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
9.769 |
13.504 |
2.286 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
15.63 |
21.61 |
5.75 |
|
|
Particulars |
|
31.03.2015 |
31.03.2014 |
|
Sales Turnover |
|
570.000 |
260.000 |
|
|
|
|
|
Expected Sales (2015-2016) : Rs.550.000 Million (Due to market
fluctuations)
The above information has been parted by Mr. Yogesh P. Godbole
(Director) (Due to market fluctuation)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.74 |
2.22 |
1.18 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
0.00 |
3.51 |
3.74 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.00 |
5.73 |
1.84 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.23 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.01 |
0.22 |
0.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.51 |
1.36 |
1.13 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
6.250 |
6.250 |
6.250 |
|
Reserves & Surplus |
10.845 |
53.278 |
62.982 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
17.095 |
59.528 |
69.232 |
|
|
|
|
|
|
long-term borrowings |
8.306 |
13.013 |
0.403 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
8.306 |
13.013 |
0.403 |
|
Debt/Equity
ratio |
0.486 |
0.219 |
0.006 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
193.942 |
607.581 |
356.412 |
|
|
|
213.280 |
(41.339) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
193.942 |
607.581 |
356.412 |
|
Profit |
2.286 |
13.504 |
9.769 |
|
|
1.18% |
2.22% |
2.74% |
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 |
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 |
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 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 |
OPERATIONS
During the year, the Company earned an income of Rs. 356.412 Millions as against Rs. 607.582 Million during the previous year.
After charging all expenses the Company earned a profit of Rs. 9.769 Millions.
The directors are hopeful about the better performance during the Current Year.
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Million) |
31.03.2012 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Easyaccess Financial Services Limited |
0.000 |
12.209 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10090573 |
24/04/2015 * |
85,000,000.00 |
State Bank of India Deccan Gymkhana Branch |
PMT Hose Shirole Bhavan 1st floor, Deccan Gymkhana, Pune, Maharashtra
- 411004, INDIA |
C55033344 |
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
|
|
FIXED ASSETS
· Furniture and Fixtures
· Electrical Installation
· Vehicles
· Office equipment
· Computers
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.64.81 |
|
|
1 |
Rs.100.11 |
|
Euro |
1 |
Rs.73.74 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.