MIRA
INFORM REPORT
|
Report No. : |
346315 |
|
Report Date : |
21.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
PRAFFUL OVERSEAS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
349, 1st Floor, Naya Katra, Chandni Chowk, |
|
Tel. No.: |
91-11-23266687 |
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|
Country : |
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|
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|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
04.09.1990 |
|
|
|
|
Com. Reg. No.: |
55-041369 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.173.783 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1990PTC041369 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of yarn and threads, nylon yarn, nylon filament yarn and
nylon multifilament yarn. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject was incorporated on 4th September, 1990. It is
promoted by Surat (Gujarat) – based Mr. Sri Narain Agarwal and his family members.
The company manufactures nylon filament yarn and embroidered fabric. It has
satisfactory track record. The company possesses a decent profile marked by decent networth base
along with fair liquidity and profitability. Trade relations are fair. Business is active. Payments are reported to
be slow but correct. The company can be considered for business dealings at usual trade
terms and conditions. |
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 rating= BB (Suspended) |
|
Rating Explanation |
Have inadequate credit quality and carry
high credit risk. |
|
Date |
10.06.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating= A4+ (Suspended) |
|
Rating Explanation |
Have minimal degree of safety and carry very
high credit risk. |
|
Date |
10.06.2015 |
Reason for suspension: The suspension of ratings
is on account of non-cooperation by company’s with CRISIL’s efforts to
undertake a review of the ratings outstanding.
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. Raveesh Aggarwal |
|
Designation : |
Director |
|
Contact No.: |
91-8049675022 |
|
Date : |
20.10.2015 |
LOCATIONS
|
Registered Office : |
349, 1st Floor, Naya Katra, Chandni Chowk, New Delhi – 110006, India |
|
Tel. No.: |
91-11-23266687 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head office / Factory : |
G3 Sagar Shopping Centre, Sahara Darwaza, Ring Road, Surat – 395001, Gujarat, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Sri Narain Aggarwal |
|
Designation : |
Director |
|
Address : |
19/4B, Green House, Shakti Nagar, Delhi – 110007, India |
|
Date of Appointment : |
04.09.1990 |
|
DIN No.: |
00244725 |
|
|
|
|
Name : |
Mr. Aggarwal Raveesh |
|
Designation : |
Director |
|
Address : |
19/4B, Green House, Shakti Nagar, Delhi – 110007, India |
|
Date of Appointment : |
01.11.2006 |
|
DIN No.: |
00833422 |
|
PAN no.: |
ADIPA3030D |
|
|
|
|
Name : |
Mr. Jai Narain Aggarwal |
|
Designation : |
Director |
|
Address : |
19/4B, Green House, Shakti Nagar, Delhi – 110007, India |
|
Date of Appointment : |
02.02.2006 |
|
DIN No.: |
00245012 |
|
|
|
|
Name : |
Mr. Shiv Narain Aggarwal |
|
Designation : |
Director |
|
Address : |
19/4B, Green House, Shakti Nagar, Delhi – 110007, India |
|
Date of Appointment : |
02.02.2006 |
|
DIN No.: |
00349842 |
|
PAN No.: |
AACPA8578M |
|
|
|
|
Name : |
Mr. Aggarwal Prafful |
|
Designation : |
Director |
|
Address : |
19/4B, Green House, Shakti Nagar, Delhi – 110007, India |
|
Date of Appointment : |
29.09.2012 |
|
DIN No.: |
00351098 |
|
PAN No.: |
AFCPA6128G |
|
|
|
|
Name : |
Mr. Ayush Agarwal |
|
Designation : |
Additional Director |
|
Address : |
19/4B, Green House, Shakti Nagar, Delhi – 110007, India |
|
Date of Appointment : |
01.08.2014 |
|
DIN No.: |
03127088 |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
22.30 |
|
Bodies corporate |
1.88 |
|
Directors or relatives of Directors |
75.56 |
|
Other top fifty shareholders |
0.26 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of yarn and threads, nylon yarn, nylon filament yarn and
nylon multifilament yarn. |
|
|
|
|
Products : |
·
Yarn and Threads ·
Nylon Yarn ·
Nylon Filament Yarn ·
Nylon Multifilament Yarn |
|
|
|
|
Brand Names : |
Not Divulged |
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|
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
UK |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Taiwan |
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Terms : |
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Selling : |
Cash, Credit (30 / 60 / 90 Days) |
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Purchasing : |
Cash, Credit (30 / 60 / 90 Days) |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
·
Indian Overseas Bank, 1007, 21st Century
Business Centre, Ring Road, Near Udhana Darwaza, Surat – 395002, Gujarat,
India |
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Facilities : |
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Auditors : |
|
|
Name : |
B R Maheshwari and Company Chartered Accountants |
|
Address : |
M-118,Connaught Circus |
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PAN No.: |
AACPM9479N |
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Memberships : |
Not Divulged |
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Collaborators : |
Not Divulged |
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|
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Associates: |
· Shreya Apparels (India) Private Limited, India [U18101DL2005PTC136879] · Ganga Ram Synthetics Private Limited, India [U74899DL1986PTC024248] · Prafful Industries Private Limited, India [U74899DL1990PTC053678] · Prafful Exports · Raveesh Overseas |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17378282 |
Equity Shares |
Rs.10/- each |
Rs.173.783 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 |
173.783 |
155.711 |
143.705 |
|
(b) Reserves & Surplus |
398.310 |
341.023 |
282.210 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
26.715 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
572.093 |
523.449 |
425.915 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
525.659 |
656.038 |
431.242 |
|
(b) Deferred tax liabilities (Net) |
35.946 |
36.386 |
25.082 |
|
(c) Other long term liabilities |
42.417 |
6.157 |
4.828 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
604.022 |
698.581 |
461.152 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
407.883 |
303.652 |
247.975 |
|
(b) Trade payables |
411.284 |
318.550 |
272.717 |
|
(c) Other current
liabilities |
201.009 |
178.308 |
158.431 |
|
(d) Short-term provisions |
18.410 |
14.120 |
22.738 |
|
Total Current Liabilities (4) |
1038.586 |
814.630 |
701.861 |
|
|
|
|
|
|
TOTAL |
2214.701 |
2036.660 |
1588.928 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1159.944 |
1238.789 |
793.628 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
3.529 |
0.000 |
24.590 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.006 |
0.006 |
0.006 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
7.671 |
17.543 |
71.324 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1171.150 |
1256.338 |
889.548 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
436.503 |
424.441 |
372.001 |
|
(c) Trade receivables |
446.905 |
228.465 |
183.903 |
|
(d) Cash and cash
equivalents |
70.283 |
31.901 |
95.339 |
|
(e) Short-term loans and
advances |
79.632 |
88.097 |
45.137 |
|
(f) Other current assets |
10.228 |
7.418 |
3.000 |
|
Total Current Assets |
1043.551 |
780.322 |
699.380 |
|
|
|
|
|
|
TOTAL |
2214.701 |
2036.660 |
1588.928 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Turnover |
2727.100 |
2105.600 |
1838.000 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
220.872 |
170.083 |
183.251 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
166.984 |
103.582 |
119.166 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
53.888 |
66.501 |
64.085 |
|
|
|
|
|
|
|
Less |
TAX |
18.726 |
10.792 |
23.375 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
35.162 |
55.709 |
40.710 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
2.02 |
3.58 |
NA |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
3000.000 |
The above information has been parted by Mr. Raveesh
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
169.825 |
138.273 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
282.175 |
148.962 |
142.522 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
1.29 |
2.65 |
2.21 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
1.59 |
2.74 |
2.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
0.11 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.63 |
2.16 |
1.92 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.00 |
0.96 |
1.00 |
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 |
143.705 |
155.711 |
173.783 |
|
Reserves & Surplus |
282.210 |
341.023 |
398.310 |
|
Share Application money pending allotment |
0.000 |
26.715 |
0.000 |
|
Net
worth |
425.915 |
523.449 |
572.093 |
|
|
|
|
|
|
long-term borrowings |
431.242 |
656.038 |
525.659 |
|
Short term borrowings |
247.975 |
303.652 |
407.883 |
|
Total
borrowings |
679.217 |
959.690 |
933.542 |
|
Debt/Equity
ratio |
1.595 |
1.833 |
1.632 |
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 |
1838.000 |
2105.600 |
2727.100 |
|
|
|
14.559 |
29.517 |
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
|
1838.000 |
2105.600 |
2727.100 |
|
Profit |
40.710 |
55.709 |
35.162 |
|
|
2.21% |
2.65% |
1.29% |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
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 |
No |
|
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 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10512929 |
25/07/2014 |
7,500,000.00 |
Bank of Baroda |
International Business Branch, Baroda Sun Complex, 1st Floor, Ghod Dod Road,, Surat, Gujarat - 395007, India |
C15027741 |
|
2 |
10506093 |
23/06/2014 |
432,000.00 |
Canara Bank |
Ring Road Branch, Ring Road, Surat, Gujarat - 395002, India |
C09329350 |
|
3 |
10358036 |
12/05/2012 |
100,000,000.00 |
State Bank of Travancore |
Rajhans Complex, Opp. J.K. Tower, Ring Road,, Surat, Gujarat - 395002, India |
B40572448 |
|
4 |
10358037 |
12/05/2012 |
100,000,000.00 |
State Bank of Travancore |
Rajhans Complex, Opp. J.K. Tower,, Ring Road, Surat, Gujarat - 395002, India |
B40573032 |
|
5 |
10322930 |
01/12/2011 |
480,000,000.00 |
Indian Overseas Bank |
1007, 21st Century Business Centre, Ring Road, Near Udhana Darwaza, Surat, Gujarat - 395002, India |
B27784966 |
|
6 |
10074192 |
08/07/2013 * |
1,138,100,000.00 |
State Bank of India - Leading Bank |
Mid Corporate Group Industrial Finance Branch, Marble Arch, Race Course Circle, Baroda, Gujarat - 390007, India |
B80926413 |
|
7 |
10074185 |
18/07/2013 * |
1,680,200,000.00 |
State Bank of India - Lead Bank |
Mid Corporate Group Industrial Finance Branch, Marble Arch, Race Course Circle, Baroda, Gujarat - 390007, India |
B80925696 |
|
8 |
90062358 |
13/10/2001 |
45,200,000.00 |
Canara Bank |
Overseas Branch, 3rd Floor; Surat Vankar Sangh Building; Ring Road, Surat, Gujarat - 395002, India |
- |
|
9 |
90062216 |
06/11/2009 * |
375,570,000.00 |
Canara Bank |
Oveseas Branch, 3rd Floor, Vankar Sangh Building, Ring Road, Surat, Gujarat - 395002, India |
A73540031 |
|
10 |
80037816 |
04/02/2006 * |
198,820,000.00 |
Canara Bank |
Overseas Branch,, Surat Vankar Sangh Building, Ring Road, Surat, Gujarat - 395002, India |
- |
|
11 |
90061759 |
13/05/2014 * |
1,639,100,000.00 |
Canara Bank |
Overseas Branch, Surat, Gujarat - 395002, India |
C05353339 |
*Date of modification Charges
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
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.64.89 |
|
|
1 |
Rs.100.39 |
|
Euro |
1 |
Rs.73.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
4 |
|
--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 |
|
45 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NB |
NEW BUSINESS |
||
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.