MIRA
INFORM REPORT
|
Report No. : |
346494 |
|
Report Date : |
21.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
MICRO HARD IT SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Lower Ground,
LG-1/2, |
|
Tel. No.: |
91-2637-232160 |
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|
|
|
Country : |
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|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
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Date of
Incorporation : |
16.03.2010 |
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|
|
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Com. Reg. No.: |
04-059891 |
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|
|
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Capital Investment
/ Paid-up Capital : |
Rs. 0.300
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900GJ2010PTC059891 |
|
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|
|
IEC No.: |
Not Available |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTM05459G |
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|
|
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PAN No.: [Permanent Account No.] |
AAGCM4155P |
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|
|
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Computer and Computer Peripherals and also Provide
Networking Solutions. |
|
|
|
|
No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow But Correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2010 having moderate track. The company has registered an increase in sales volume as well as
maintained its net profitability from its modest scale of operations during
FY 2014. The company possesses a moderate financial base marked by small
networth base, leverage balance sheet profile along with unfavorable gap
between trade payables and receivables. Trade relations are fair. Business is active. Payment terms are slow
but correct. 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
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. Vishnubhai Patel |
|
Designation : |
Director |
|
Contact No.: |
91-9824751654 |
|
Date : |
21.10.2015 |
LOCATIONS
|
Registered Office/ Showroom : |
Lower Ground,
LG-1/2, Fountain Plaza, Near Fuwara, Navsari – 396445, Gujarat, India |
|
Tel. No.: |
91-2637-232160 |
|
Mobile No.: |
91-9824751654 (Mr. Vishnu Bhai) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
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|
Area : |
1000 Sq. Ft |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Corporate Office : |
320, Golden Point, Near BSNL Bhavan, Falsawadi, Ring Road,
Surat - 395002, Gujarat, India |
|
Tel. No.: |
91-261-2455280 |
|
Area : |
800 Sq. Ft |
|
Location : |
Owned |
|
Locality : |
Commercial |
DIRECTORS
As on: 30.09.2014
|
Name : |
Mr. Bhaveshbhai Goverdhan Rathore |
|
Designation : |
Managing director |
|
Address : |
12-13 Chandan Park, At Po Kabilpore, Navsari – 396424, Gujarat, India |
|
Date of Birth/Age : |
24.08.1972 |
|
Date of Appointment : |
16.03.2010 |
|
DIN No.: |
02933722 |
|
|
|
|
Name : |
Mr. Vishnubhai Becharbhai Patel |
|
Designation : |
Managing director |
|
Address : |
15, Budhna Building, Mankodia Ashapuri Road, Navsari – 396445, Gujarat, India |
|
Date of Birth/Age : |
30.03.1965 |
|
Date of Appointment : |
16.03.2010 |
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DIN No.: |
02933729 |
|
|
|
|
Name : |
Mrs. Madhubahen Vishnubhai Patel |
|
Designation : |
Whole-time director |
|
Address : |
15, Budhna Building, Mankodia Ashapuri Road, Navsari – 396445, Gujarat, India |
|
Date of Birth/Age : |
17.12.1962 |
|
Date of Appointment : |
16.03.2010 |
|
DIN No.: |
02933745 |
|
|
|
|
Name : |
Mrs. Rohini Bhavesh Rathore |
|
Designation : |
Whole-time director |
|
Address : |
12-13 Chandan Park, At Po Kabilpore, Navsari – 396424, Gujarat, India |
|
Date of Birth/Age : |
18.06.1978 |
|
Date of Appointment : |
16.03.2010 |
|
DIN No.: |
02933755 |
MAJOR SHAREHOLDERS
As on: 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Bhaveshbhai Goverdhan Rathore |
14000 |
46.67 |
|
Vishnubhai Becharbhai Patel |
6000 |
20.00 |
|
Madhubahen Vishnubhai Patel |
3000 |
10.00 |
|
Rohini Bhavesh Rathore |
7000 |
23.33 |
|
Total |
30000 |
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 : |
Trader of Computer and Computer Peripherals and also Provide
Networking Solutions. |
|
|
|
|
Products : |
Computer Peripherals |
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|
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Brand Names : |
Not Available |
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Agencies Held : |
· Lenovo Sony World Dell |
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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 Advance Payment |
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Purchasing : |
Cash and Advance Payment |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers and Retailers
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No. of Employees : |
30 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Dinesh Vasani and Associates Chartered Accountants |
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Address : |
103, Hare Krishna Complex, Above IDBI Bank, Near Vasant
Talkies, Navsari – 396445, Gujarat, India |
|
Tel. No.: |
91-2637-248744/ 45 |
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Fax No.: |
91-2637-248744/ 45 |
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E-Mail : |
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PAN No.: |
AAGPV7332L |
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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: 31.03.2014
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.10/- each |
Rs. 2.000 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000 |
Equity Shares |
Rs.10/- each |
Rs. 0.300
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 |
0.300 |
0.300 |
0.300 |
|
(b) Reserves & Surplus |
8.931 |
6.379 |
3.920 |
|
(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) |
9.231 |
6.679 |
4.220 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
7.671 |
5.816 |
0.461 |
|
(b) Deferred tax liabilities (Net) |
0.198 |
0.121 |
0.059 |
|
(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) |
7.869 |
5.937 |
0.520 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
(5.146) |
2.002 |
(0.839) |
|
(b) Trade payables |
37.720 |
14.695 |
17.804 |
|
(c) Other current
liabilities |
1.251 |
0.944 |
0.337 |
|
(d) Short-term provisions |
1.065 |
1.038 |
1.646 |
|
Total Current Liabilities (4) |
34.890 |
18.679 |
18.948 |
|
|
|
|
|
|
TOTAL |
51.990 |
31.295 |
23.688 |
|
|
|
|
|
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II.
ASSETS |
|
|
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|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
11.414 |
7.342 |
1.479 |
|
(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 |
0.770 |
0.103 |
1.259 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
12.184 |
7.445 |
2.738 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
14.330 |
7.612 |
7.189 |
|
(c) Trade receivables |
18.677 |
12.023 |
11.899 |
|
(d) Cash and cash
equivalents |
3.574 |
2.319 |
1.571 |
|
(e) Short-term loans and
advances |
3.215 |
1.874 |
0.258 |
|
(f) Other current assets |
0.010 |
0.022 |
0.033 |
|
Total Current Assets |
39.806 |
23.850 |
20.950 |
|
|
|
|
|
|
TOTAL |
51.990 |
31.295 |
23.688 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
246.270 |
152.692 |
149.813 |
|
|
Other Income |
11.916 |
8.934 |
6.289 |
|
|
TOTAL |
258.186 |
161.626 |
156.102 |
|
|
|
|
|
|
|
Less |
EXPENSES |
254.190 |
157.864 |
150.458 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
3.996 |
3.762 |
5.644 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
0.302 |
0.204 |
0.126 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
3.694 |
3.558 |
5.518 |
|
|
|
|
|
|
|
Less |
TAX |
1.143 |
1.099 |
1.705 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.551 |
2.459 |
3.813 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
6.379 |
3.920 |
0.107 |
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
8.930 |
6.379 |
3.920 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
85.03 |
81.97 |
127.100 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
275.000 |
Expected Sales (2015-16): Rs.300.000 Million
The above information has been parted by Mr. Vishnubhai Patel
(Director0.
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 flows from |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.04 |
1.61 |
2.55 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.11 |
11.37 |
23.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.40 |
0.53 |
1.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.27 |
1.17 |
(0.09) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.14 |
1.28 |
1.11 |
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 |
0.300 |
0.300 |
0.300 |
|
Reserves & Surplus |
3.920 |
6.379 |
8.931 |
|
Net worth |
4.220 |
6.679 |
9.231 |
|
|
|
|
|
|
long-term borrowings |
0.461 |
5.816 |
7.671 |
|
Short term borrowings |
(0.839) |
2.002 |
(5.146) |
|
Total borrowings |
(0.378) |
7.818 |
2.525 |
|
Debt/Equity ratio |
(0.090) |
1.171 |
0.274 |
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 |
149.813 |
152.692 |
246.270 |
|
|
|
1.922 |
61.285 |
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 |
149.813 |
152.692 |
246.270 |
|
Profit |
3.813 |
2.459 |
2.551 |
|
|
2.55% |
1.61% |
1.04% |
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 |
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 |
PERFORMANCE &
FUTURE OUTLOOK:
During the year, revenue of the company has increased to Rs. 246.270 Million as compared to previous year revenue of Rs.152.692 Million. Also, the net profit after tax has been increased to Rs. 2.551 Million during the year. The Management is emphasizing on efficient management, providing better quality product, customer satisfaction, strong outlook and dedication to work that have resulted into improved performance of the company. The directors are making efforts to further improve the performance and confident that company will post better results in coming years.
UNSECURED LOAN
|
Particulars |
As on 31.03.2014 |
As on 31.03.2013 |
|
|
(Rs. In Million) |
|
|
LONG TERM
BORROWINGS: |
|
|
|
Bhavesh G. Rathod |
1.400 |
1.400 |
|
Vishnu B. Patel |
0.600 |
0.600 |
|
Total |
2.000 |
2.000 |
INDEX OF CHARGES:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10586922 |
14/08/2015 |
6,000,000.00 |
CORPORATION BANK |
PARADISE TOWER, OPP. CIVIL HOSPITAL, STATION ROAD, NAVSARI - 396445, GUJARAT, INDIA |
C62134994 |
|
2 |
10563036 |
31/03/2015 |
4,000,000.00 |
CORPORATION BANK |
PARADISE TOWER, OPP. CIVIL HOSPITAL, STATION ROAD, NAVSARI - 396445, GUJARAT, INDIA |
C50746957 |
|
3 |
10423569 |
08/04/2013 |
3,420,000.00 |
CORPORATION BANK |
PARADISE TOWER, OPP. CIVIL HOSPITAL, STATION ROAD, NAVSARI - 396445, GUJARAT, INDIA |
B74361544 |
|
4 |
10270358 |
11/08/2015 * |
14,000,000.00 |
CORPORATION BANK |
PARADISE TOWER, OPP. CIVIL HOSPITAL, STATION ROAD, NAVSARI - 396445, GUJARAT, INDIA |
C62134176 |
* Date of charge modification
FIXED ASSETS:
· Mobile Phone
Air
Conditioner
Office
Equipments
Office
Building
Furniture
and Fixture
Vehicles
Computer
and Printer
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 judgment 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.64.89 |
|
|
1 |
Rs.100.39 |
|
Euro |
1 |
Rs.73.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.