MIRA INFORM REPORT
|
Report No. : |
346604 |
|
Report Date : |
21.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
FLOOR AND FURNISHING INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
37, Back Side, Pusa Road, Karol Bagh, New Delhi – 110005 |
|
Tel. No.: |
91-11-25753281/ 82 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
21.07.1991 |
|
|
|
|
Com. Reg. No.: |
55-044969 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 6.719 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1991PTC044969 |
|
|
|
|
IEC No.: |
0593020910 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELF02612B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACF0785A |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Trader, Exporter and Importer of Carpets, Furnishing Fabrics, Non-Woven
Rods, Wooden Flooring. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 300000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated on 21st July, 1991. It has
satisfactory track record. The company possesses a decent profile marked by adequate networth
base along with fair liquidity and profitability. Trade relations are fair. Business is active. Payments are reported to
be usually correct. The company can be considered normal for business dealings at usual
trade terms and condition. |
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 |
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. Ashish Kumar |
|
Designation : |
Merchandiser |
|
Contact No.: |
91-124-4632300 |
|
Date : |
21.10.2015 |
LOCATIONS
|
Registered Office : |
37, Back Side, Pusa Road, Karol Bagh, New Delhi – 110005,
India |
|
Tel. No.: |
91-11-25753281/82 |
|
Mobile No.: |
91-8046042156 (Mr. Ashish Kumar) |
|
Fax No.: |
Not Availabel |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Residential |
|
Website : |
|
|
|
|
|
Warehouse : |
Plot No. 42, Sector – 32, Institutional Area, Gurgaon – 122001,
Haryana, India |
|
Tel. No.: |
91-124-4632300/ 4038750 |
|
Fax No.: |
91-124-4038759 |
|
Location : |
Owned |
|
|
|
|
Showrooms : |
Located at:
|
|
|
|
|
Branch Office 1:
|
Flat No -25 and 26, 5th Floor, Dignity Apartments -134, Off J.P. Road,
Seven Bungalows, Andheri (West) Mumbai – 400061, Maharashtra, India |
|
|
|
|
Branch Office 2: |
5/1E/2, Panditya Road, Kolkata, – 700029, West Bengal, India |
|
|
|
|
Regional Office: |
No. 626/1, Ground Floor, 3rd Cross, 3rd Block, Koramangala,
Bangaluru-560034, Karnataka, India |
DIRECTORS
As on: 30.09.2014
|
Name : |
Mr. Subhash Khandelwal |
|
Designation : |
Managing Director |
|
Address : |
37 Backside, Pusa Road, New Delhi – 110005, India |
|
Date of Birth/Age : |
18.08.1955 |
|
Qualification : |
Graduate |
|
Date of Appointment
: |
21.07.1991 |
|
DIN No.: |
00073355 |
|
|
|
|
Name : |
Mrs. Madhu Khandelnal |
|
Designation : |
Director |
|
Address : |
37 Backside, Pusa Road, New Delhi – 110005, India |
|
Date of Birth/Age : |
08.03.1955 |
|
Qualification : |
Graduate |
|
Date of Appointment
: |
27.03.2015 |
|
DIN No.: |
00073353 |
|
|
|
|
Name : |
Mr. Vivek Khandelwal |
|
Designation : |
Director |
|
Address : |
37 Backside, Pusa Road, New Delhi – 110005, India |
|
Date of Birth/Age : |
20.11.1976 |
|
Date of Appointment
: |
01.04.1995 |
|
Qualification : |
Graduate |
|
DIN No.: |
01070187 |
|
|
|
|
Name : |
Mr. Nakul Khandelwal |
|
Designation : |
Director |
|
Address : |
37 Backside, Pusa Road, New Delhi – 110005, India |
|
Date of Birth/Age : |
11.06.1984 |
|
Qualification : |
Graduate |
|
Date of Appointment
: |
16.06.2009 |
|
DIN No.: |
01109374 |
|
|
|
|
Name : |
Mrs. Neeti Khandelwal |
|
Designation : |
Director |
|
Address : |
37 Backside, Pusa Road, New Delhi – 110005, India |
|
Date of Birth/Age : |
29.03.1977 |
|
Date of Appointment
: |
27.03.2015 |
|
DIN No.: |
03456871 |
|
|
|
|
Name : |
Mrs. Puja Khandelwal |
|
Designation : |
Director |
|
Address : |
37 Backside, Pusa Road, New Delhi – 110005, India |
|
Date of Appointment
: |
27.03.2015 |
|
DIN No.: |
07138696 |
KEY EXECUTIVES
|
Name : |
Mr. Dhiraj Kumar |
|
Designation : |
Accounts Department |
|
|
|
|
Name : |
Mr. Ashish Kumar |
|
Designation : |
Merchandiser |
MAJOR SHAREHOLDERS
As on: 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Subhash Khandelwal |
18122 |
|
Madhu Khandelwal |
16797 |
|
Vivek Khandelwal |
12094 |
|
Nakul Khandelwal |
12094 |
|
Jagdish Khandelwal |
10 |
|
Derrco Devi Khandelwal |
10 |
|
Neeti Khandelwal |
4031 |
|
Pooja Bisnoi |
4032 |
|
TOTAL |
67190 |
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 : |
Trader, Exporter and Importer of Carpets, Furnishing Fabrics,
Non-Woven Rods, Wooden Flooring. |
|
|
|
|
Products : |
·
Carpets ·
Furnishing
Fabrics ·
Non-Woven
Rods ·
Wooden
Flooring |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
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Exports : |
|
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Products : |
Finished Goods |
|
Countries : |
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Imports : |
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|
Products : |
Raw Material |
|
Countries : |
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Terms : |
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|
Selling : |
Cash and Advance Payment |
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|
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Purchasing : |
Cash and Advance Payment |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
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Customers : |
Not Divulged
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No. of Employees : |
200 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
J. B. and Associates Chartered Accountant |
|
Address : |
23/26, 1st Floor, East Patel Nagar, New Delhi – 110008,
India |
|
Tel No.: |
91- 11-25724432 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAPA4461B |
|
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|
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates: |
|
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|
|
|
Related Company |
|
CAPITAL STRUCTURE
As on 31.03.2014
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75,000 |
Equity Shares |
Rs.10/- each |
Rs. 7.500 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
67,190 |
Equity Shares |
Rs.10/- each |
Rs. 6.719 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 |
6.719 |
6.719 |
6.719 |
|
(b) Reserves & Surplus |
98.348 |
82.009 |
68.862 |
|
(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) |
105.067 |
88.728 |
75.581 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.565 |
3.284 |
0.530 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.833 |
0.900 |
0.115 |
|
(d) long-term
provisions |
5.250 |
8.059 |
5.553 |
|
Total Non-current
Liabilities (3) |
7.648 |
12.243 |
6.198 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
148.889 |
133.033 |
124.430 |
|
(b) Trade
payables |
75.312 |
58.224 |
46.222 |
|
(c) Other
current liabilities |
27.767 |
50.433 |
47.011 |
|
(d) Short-term
provisions |
7.300 |
7.700 |
7.200 |
|
Total Current
Liabilities (4) |
259.268 |
249.390 |
224.863 |
|
|
|
|
|
|
TOTAL |
371.983 |
350.361 |
306.642 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
34.350 |
65.856 |
48.609 |
|
(ii) Intangible
Assets |
1.192 |
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) |
1.804 |
3.673 |
2.648 |
|
(d) Long-term Loan and Advances |
4.797 |
4.916 |
4.355 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
42.143 |
74.445 |
55.612 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
159.166 |
185.367 |
168.603 |
|
(c) Trade
receivables |
88.891 |
72.982 |
57.681 |
|
(d) Cash
and cash equivalents |
17.568 |
4.726 |
1.204 |
|
(e)
Short-term loans and advances |
64.093 |
12.652 |
22.493 |
|
(f) Other
current assets |
0.122 |
0.189 |
1.049 |
|
Total
Current Assets |
329.840 |
275.916 |
251.030 |
|
|
|
|
|
|
TOTAL |
371.983 |
350.361 |
306.642 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales and Others charges |
|
555.645 |
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
513.883 |
555.645 |
504.020 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
482.493 |
527.019 |
479.508 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
31.390 |
28.626 |
24.512 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.021 |
8.191 |
6.847 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
25.369 |
20.435 |
17.665 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
9.030 |
7.289 |
6.262 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
16.339 |
13.146 |
11.403 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
5.103 |
4.278 |
3.330 |
|
|
TOTAL EARNINGS |
5.103 |
4.278 |
3.330 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
243.17 |
195.65 |
155.75 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
600.000 |
|
|
|
|
|
Expected Sales (2015-16) : Rs. 800.000 Million
The above information has been parted by Mr. Ashish Kumar
(Merchandisers)
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 |
|
Net cash flow from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.18 |
2.37 |
2.26 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.85 |
5.89 |
5.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.23 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.43 |
1.54 |
1.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.27 |
1.11 |
1.12 |
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 |
6.719 |
6.719 |
6.719 |
|
Reserves & Surplus |
68.862 |
82.009 |
98.348 |
|
Net worth |
75.581 |
88.728 |
105.067 |
|
|
|
|
|
|
long-term borrowings |
0.530 |
3.284 |
1.565 |
|
Short term borrowings |
124.430 |
133.033 |
148.889 |
|
Total borrowings |
124.960 |
136.317 |
150.454 |
|
Debt/Equity ratio |
1.653 |
1.536 |
1.432 |
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 and Others charges |
504.020 |
555.645 |
513.883 |
|
|
|
10.243 |
(7.516) |
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 and Others charges |
504.020 |
555.645 |
513.883 |
|
Profit |
11.403 |
13.146 |
16.339 |
|
|
2.26% |
2.37% |
3.18% |
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 |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
---- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
---- |
|
28 |
Estimation for coming financial year |
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 |
BUSIENSS
ACTIVITIES:
During the year the company have recorded sales and others income at Rs.
593.300 as against Rs. 560.700 Million in the preceding year and has earned
pre-tax profit of Rs. 25.369 Million as against Rs. 20.435 Million operating
profit was lower due to decline in sales and higher cost.
Notes
Registered office of the company has been shifted from 2213,
Gurudwara Road, Karol Bagh, New Delhi – 110 005, India to the present address
w.e.f. 16.08.2011
UNSECURED LOAN
|
Particular |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
ICICI Bank Loan Account |
0.000 |
0.235 |
|
Axis Bank |
0.049 |
0.124 |
|
Kotak Mahindra Bank |
0.041 |
0.117 |
|
Axis Bank – Loan Account |
1.475 |
2.675 |
|
Loan From others
|
|
|
|
Volkswagen Finance Private Limited |
0.000 |
0.134 |
|
|
|
|
|
Short Term
Borrowing |
|
|
|
Loans and Advances from Related Parties |
35.997 |
39.356 |
|
Total |
37.562 |
42.641 |
INDEX OF CAHREGS:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10530741 |
12/09/2014 |
2,400,000.00 |
STANDARD CHARTERED BANK |
10, PARLIAMENT
STREET, NEW DELHI - 110001, |
C33289786 |
|
2 |
10346403 |
14/09/2012 * |
82,500,000.00 |
STANDARD CHARTERED BANK |
10, PARLIAMENT
STREET, NEW DELHI - 110001, |
B58324922 |
|
3 |
10181767 |
15/10/2014 * |
164,000,000.00 |
STANDARD CHARTERED BANK |
10, PARLIAMENT
STREET, NEW DELHI - 110001, |
C33280512 |
|
4 |
10173951 |
23/09/2010 * |
217,700,000.00 |
STANDARD CHARTERED BANK |
10, PARLIAMENT
STREET, NEW DELHI - 110001, |
A96747944 |
|
5 |
10173953 |
23/09/2010 * |
217,700,000.00 |
STANDARD CHARTERED BANK |
10, PARLIAMENT STREET,
NEW DELHI - 110001, |
A96748025 |
|
6 |
10173958 |
23/09/2010 * |
217,700,000.00 |
STANDARD CHARTERED BANK |
10, PARLIAMENT
STREET, NEW DELHI - 110001, |
A96747886 |
|
7 |
10166064 |
13/03/2014 * |
164,000,000.00 |
STANDARD CHARTERED BANK |
10, PARLIAMENT
STREET, NEW DELHI - 110001, |
C04103073 |
* Date of charge modification
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
|
Corporate guarantee given to bank for loan of the sister concern-F and F Global Private Limited |
82.500 |
|
Total |
82.500 |
FIXED ASSETS
- Air Conditioner
- Amplifier System
- Building(FFHO)
- Building(DLF Branch)
- Building -Karol Bagh
- Building -Sec-32, Gurgaon
- Bmw Car (DL3CJ 7139)
- Bmw Car (HR 26 BF 7734)
- Calling Speaker
- Camary Car
- Cash Safe
- Cctv System
- Computer
- Cycle
- Dvd Player
- Electric Fitting
- Electrical Equipment
- Fax Machine
- Fire Exitinguisher
- Furniture and Fixture
- Furniture and Fixture-Sbc-32
- Generator
- Honda City Car
- Honda City Car-New
- Honda Civic
- Hundai Accent Car
- Land -Sec-32, Gurgaon
- Lift at Sector-32
- Maruti Car
- Maruti Echo
- Maruti -Omni Van
- Microwave
- Musical System
- Motor Cycle
- Office Equipment
- Panasonic LCD
- Photo Copier Machine
- Projector
- Swatch Cutting Machine
- Refrigerator
- Scooter
- Telephone Equipment
- Television
- Tempo HR38J7980
- Vaccum Cleaner
- Voltage Stablizer
- Voltas Water Dispensar
- Water Cooler
- Water Filter
- Water Pump
- Water Purifier
- World Space Radio
- Computer software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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. 64.89 |
|
UK Pound |
1 |
Rs. 100.39 |
|
Euro |
1 |
Rs. 73.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
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 |
|
46 |
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.