MIRA INFORM REPORT
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Report No. : |
346305 |
|
Report Date : |
23.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
ANAND ENGINEERS PRIVATE LIMITED |
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|
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Registered
Office : |
66, M.I.D.C., Road No.13, Andheri (East), Mumbai -400093, Maharashtra |
|
Tel. No.: |
91-22-28219292/8/9 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
08.06.1973 |
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Com. Reg. No.: |
11-016582 |
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Capital
Investment / Paid-up Capital : |
Rs. 2.000 Million |
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CIN No.: [Company Identification
No.] |
U28920MH1973PTC016582 |
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|
IEC No.: |
0388190019 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACA9591R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Lubricant Oil Greases. |
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No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2160000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1973. It
has satisfactory track. Rating takes into consideration strong financial risk profile of the
company marked by adequate networth base and comfortable gearing in FY14. Further the company has reported significant increase in sales
turnover and profit along with decent profit margin of nearly 4% in the year
under consideration. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of long track record of business operations along with decent
financial condition, the company can be considered for business dealings with
usual trade 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.
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. Santosh |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-28219292 |
|
Date : |
23.10.2015 |
LOCATIONS
|
Registered Office : |
66, M.I.D.C., Road No.13, Andheri (East), Mumbai -400093, Maharashtra,
India |
|
Tel. No.: |
91-22-28219292/8/9 |
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Fax No.: |
91-22-28379337 |
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E-Mail : |
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Website : |
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Locality : |
Commercial |
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Factory : |
Plot No.2,3 and 4, Genesia Industrial Estate, Village Kolgaon, Taluka
Palghar (East), District Thane – 401404, Maharashtra, India |
DIRECTORS
As on 19.09.2014
|
Name : |
Mr. Jayantilal Sobaghchand Shah |
|
Designation : |
Director |
|
Address : |
Vivek, 59 Hatkesh Society, N.S.Road No. 8, Juhu Scheme, Mumbai-400049, Maharashtra, India |
|
Date of Birth/Age : |
02.09.1925 |
|
Date of Appointment : |
08.06.1973 |
|
DIN No.: |
00117705 |
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|
|
|
Name : |
Mr. Ajay Jayantilal Shah |
|
Designation : |
Director |
|
Address : |
Vivek, 59 Hatkesh Society, N.S.Road No. 8, Juhu Scheme, Mumbai-400049, Maharashtra, India |
|
Date of Birth/Age : |
17.11.1956 |
|
Date of Appointment : |
23.09.1983 |
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DIN No.: |
00151536 |
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|
|
|
Name : |
Mr. Bhadra Chhotubhai Patel |
|
Designation : |
Director |
|
Address : |
48, Om Shanti, N.S.Road No.3, Juhu Scheme,Vileparle (West), Mumbai, 400049, Maharashtra, India |
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Date of Birth/Age : |
04.01.1954 |
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Date of Appointment : |
27.01.1978 |
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DIN No.: |
00175477 |
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Name : |
Mr. Sanjay Rasiklal Shah |
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Designation : |
Director |
|
Address : |
Suraj Baug, J.K.Mehta Marg, Santacruz (West), Mumbai-400054, Maharashtra, India |
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Date of Birth/Age : |
12.11.1956 |
|
Date of Appointment : |
12.12.2005 |
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DIN No.: |
00175547 |
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|
|
|
Name : |
Mrs. Arati Rajesh Vora |
|
Designation : |
Director |
|
Address : |
708, Natasha Tower, 1310, Juhu Versova Road, Versova, Andheri (West), Mumbai-400061, Maharashtra, India |
|
Date of Birth/Age : |
09.03.1960 |
|
Date of Appointment : |
01.04.2003 |
|
DIN No.: |
00770462 |
KEY EXECUTIVES
|
Name : |
Mr. Santosh |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 19.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Jayantilal Sobaghchand Shah |
|
2800 |
|
Ajay Jayantilal Shah |
|
3640 |
|
Ashwani Rajendra Shah |
|
800 |
|
Vidyagauri Rasiklal Shah |
|
800 |
|
Chhotubhai Patel |
|
100 |
|
Nalini Jayantilal Shah |
|
2200 |
|
Haresh Rasiklal Shah |
|
1400 |
|
Sanjay Rasiklal Shah |
|
1400 |
|
Bhadra Chhotubhai Patel |
|
1980 |
|
Sangeeta Bhadra Patel |
|
1010 |
|
Pragna Ajaykumar Shah |
|
400 |
|
Deviben Chhotubhai Patel |
|
40 |
|
Arati Rajesh Vora |
|
2000 |
|
Samarth Ajay Shah |
|
40 |
|
Siddharth Ajay Shah |
|
40 |
|
Geeta Haresh Shah |
|
200 |
|
Sonal Snajay Shah |
|
200 |
|
Panna Ashwani Shah |
|
200 |
|
Rajesh Kantilal Vohra |
|
40 |
|
Bhadra Chhotubhai Patel HUF |
|
710 |
|
Total |
|
20000 |
Equity Share Break up (Percentage of Total Equity)
As on 19.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Lubricant Oil Greases. |
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Products : |
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Brand Names : |
Molygraph |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished goods |
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Countries : |
·
United State of America ·
Dubai |
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
United State of America ·
China |
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Terms : |
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Selling : |
L/C, Cheque |
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Purchasing : |
L/C, Cheque |
PRODUCTION STATUS NOT AVAILABLE
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
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Kgs |
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GENERAL INFORMATION
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Suppliers : |
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Customers : |
·
Tata Motors ·
Mahindra Rise ·
Ashok Leyland ·
Air India ·
Ultra Tech Cement ·
Voltas ·
Zeco ·
Legrand |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
Axis Bank Limited, Credit Management Cetnre, Unit No 6,
Corporate Park, Chembur, Mumbai - 400071, Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
Dhagat and Associates Chartered Accountants |
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Address : |
17/17A, Nadirshaw Sukhia Street, Off Cawasji Patel Street, Fort,
Mumbai-400001, Maharashtra, India |
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Tel. No.: |
91-22-22846925 |
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Fax No.: |
91-22-22835593 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAJFD4921G |
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Memberships : |
-- |
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Collaborators : |
-- |
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Subsidiary company : |
Anand Lubricants
Private Limited CIN No.: U23200MH1984PTC033458 |
CAPITAL STRUCTURE
As on 19.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs.100/- each |
Rs. 5.000 Million |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20,000 |
Equity Shares |
Rs.100/- each |
Rs. 2.000
Million |
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|
|
|
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 |
2.000 |
2.000 |
2.000 |
|
(b) Reserves & Surplus |
73.749 |
65.359 |
56.112 |
|
(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) |
75.749 |
67.359 |
58.112 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.811 |
1.463 |
0.144 |
|
(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) |
0.811 |
1.463 |
0.144 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
40.972 |
48.331 |
58.075 |
|
(b) Trade
payables |
64.150 |
67.088 |
55.855 |
|
(c) Other
current liabilities |
16.747 |
15.645 |
7.986 |
|
(d) Short-term
provisions |
17.270 |
7.374 |
0.847 |
|
Total Current
Liabilities (4) |
139.139 |
138.438 |
122.763 |
|
|
|
|
|
|
TOTAL |
215.699 |
207.260 |
181.019 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
56.892 |
61.232 |
63.541 |
|
(ii)
Intangible Assets |
0.077 |
0.121 |
0.194 |
|
(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 |
0.200 |
0.937 |
0.903 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
27.720 |
16.745 |
3.604 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
84.889 |
79.035 |
68.242 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.063 |
0.301 |
0.281 |
|
(b)
Inventories |
33.983 |
36.380 |
33.270 |
|
(c) Trade
receivables |
68.955 |
64.990 |
52.244 |
|
(d) Cash
and cash equivalents |
0.180 |
0.341 |
0.367 |
|
(e)
Short-term loans and advances |
27.629 |
26.213 |
26.615 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
130.810 |
128.225 |
112.777 |
|
|
|
|
|
|
TOTAL |
215.699 |
207.260 |
181.019 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
371.639 |
340.069 |
279.662 |
|
|
|
Other Income |
17.202 |
12.388 |
1.580 |
|
|
|
TOTAL (A) |
388.841 |
352.457 |
281.242 |
|
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
|
188.872 |
|
|
|
Purchases of Stock-in-Trade |
|
|
2.396 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
|
|
1.231 |
|
|
|
Employees benefits expense |
|
|
33.618 |
|
|
|
Power and fuel |
|
|
0.919 |
|
|
|
Other expenses |
|
|
45.477 |
|
|
|
TOTAL (B) |
NA |
NA |
272.513 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
NA |
NA |
8.729 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
5.460 |
6.886 |
5.814 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
NA |
NA |
2.915 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
NA |
NA |
2.212 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
20.033 |
20.114 |
0.703 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.624 |
6.218 |
0.066 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
15.409 |
13.896 |
0.637 |
|
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|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
6.162 |
1.689 |
1.031 |
|
|
|
Commission Earnings |
0.164 |
0.017 |
0.000 |
|
|
TOTAL EARNINGS |
6.326 |
1.706 |
1.031 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
31.702 |
33.621 |
26.547 |
|
|
|
Stores & Spares |
0.052 |
0.046 |
0.000 |
|
|
TOTAL IMPORTS |
31.754 |
33.667 |
26.547 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (Rs.) |
770.48 |
694.797 |
31.87 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
430.000 |
Expected Sales (2015-2016) : Rs.600.000 Million
The above information has been parted by Mr. Santosh (Accountant)
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 (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
4.15 |
4.09 |
0.23 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
NA |
3.12 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.30 |
9.75 |
0.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26 |
0.30 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.54 |
0.72 |
1.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.94 |
0.93 |
0.92 |
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 |
2.000 |
2.000 |
2.000 |
|
Reserves & Surplus |
56.112 |
65.359 |
73.749 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
58.112 |
67.359 |
75.749 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
58.075 |
48.331 |
40.972 |
|
Total
borrowings |
58.075 |
48.331 |
40.972 |
|
Debt/Equity
ratio |
0.999 |
0.718 |
0.541 |
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 |
279.662 |
340.069 |
371.639 |
|
|
|
21.600 |
9.283 |
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 |
279.662 |
340.069 |
371.639 |
|
Profit |
0.637 |
13.896 |
15.409 |
|
|
0.23% |
4.09% |
4.15% |
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 |
No |
|
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Fixed deposits
(including of Shareholders) |
|
|
|
From Directors |
5.250 |
7.250 |
|
Interest Payables |
0.118 |
0.163 |
|
|
|
|
|
From others (Relatively of shareholders) |
7.600 |
6.075 |
|
Interest Payables |
0.190 |
0.152 |
|
|
|
|
|
From Shareholders |
17.425 |
17.425 |
|
Interest Payables |
0.424 |
0.424 |
|
Total |
31.007 |
31.489 |
FINANCIAL HIGHLIGHTS
:
The turnover of the company has increased to Rs.371.639 Million. The
other income of the company has also increased to Rs.17.202 million, on
accounts of which there is profit of Rs.20.034 million.
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10253469 |
27/02/2015 * |
51,000,000.00 |
Axis Bank Limited |
CORPROATE BANKING BRANCH, AXIS HOUSE, GR FLOOR, BOMBAY DYING MILL COMPOUND,
P.B. MARG, WORLI, MUMBAI, Maharashtra - 400025, INDIA |
C50065051 |
|
2 |
90229411 |
30/11/1998 |
6,400,000.00 |
BANK OF BARODA |
CHAKALA BRANCH; SATTAM INDUSTRIAL ESTATE, ANDHERI |
- |
|
3 |
90229080 |
30/05/1996 |
68,837,000.00 |
BANK OF BARODA |
CHAKALA BRANCH, ANDHERI (E), MUMBAI, Maharashtra |
- |
|
4 |
90226887 |
30/05/1996 * |
15,697,000.00 |
BANK OF BARODA |
CHAKALA BRANCH; SATTAM INDUSTRIAL ESTATE, ANDHERI |
- |
|
5 |
90228505 |
22/02/1992 |
946,700.00 |
BANK OF BARODA |
CHAKALA BRANCH, ANDHERI (E), MUMBAI, Maharashtra |
- |
|
6 |
90228442 |
17/10/1997 * |
2,000,000.00 |
BANK OF BARODA |
CHAKALA BRANCH, ANDHERI (E), MUMBAI, Maharashtra |
- |
|
7 |
90226870 |
09/05/1995 * |
2,000,000.00 |
BANK OF BARODA |
CHAKALA BRANCH, ANDHERI (E), MUMBAI, Maharashtra |
- |
|
8 |
90228201 |
24/11/1990 * |
400,000.00 |
BANK OF BARODA |
CHAKALA BRANCH; SATTAM INDUSTRIAL ESTATE, ANDHERI |
- |
|
9 |
90226836 |
16/03/1988 * |
4,150,000.00 |
BANK OF BARODA |
CHAKALA BRANCH, MUMBAI, Maharashtra - 400009, INDIA |
- |
|
10 |
90226820 |
09/12/1985 * |
1,089,000.00 |
BANK OF BARODA |
SAKI NAKA BRANCH, MUMBAI, Maharashtra - 400072, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Land
- Building
- Plant and machinery
- Vehicle
- Office equipment
- Computer
- Furniture and fixture
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.15 |
|
|
1 |
Rs.100.53 |
|
Euro |
1 |
Rs.73.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
GAY |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
6 |
|
--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 |
|
47 |
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.