MIRA
INFORM REPORT
|
Report No. : |
346456 |
|
Report Date : |
23.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
ROBIN PRECISION PRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot G/1515-1522/A, Lodhika Industrial Estate, Almighty Gate, |
|
Tel. No.: |
91-2827-287634 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
18.10.2005 |
|
|
|
|
Com. Reg. No.: |
04-046933 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 10.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29220GJ2005PTC046933 |
|
|
|
|
IEC No.: |
2406006841 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCR9223Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Importer of Solid Carbide Cutting Tools and Machine
Tools Accessories. |
|
|
|
|
No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (13) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 2005. It
has moderate track. The company has earned minimal profit from its operations in FY14 as against
previous year losses. However, there has been noted accumulation of previous
year losses, which has resulted in erosion of the networth. However, trade relations are fair. Business is active. Payment terms
are reported to be slow. In view of aforesaid, the company can be considered for business
dealings with fully safe and secured 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 |
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. Shailesh Tada |
|
Designation : |
Account Manger |
|
Contact No.: |
91-9825551095 |
|
Date : |
21.10.2015 |
LOCATIONS
|
Registered Office/ Factory : |
Plot G/1515-1522/A, Ladhika Industrial Estate, Almighty Gate, Kalavad
Road, Rajkot - 360021, Gujarat, India |
|
Tel. No.: |
91-2827-287631 to 5 |
|
Mobile No.: |
919825551095 (Mr. Sailesh Tada) |
|
Fax No.: |
91-2827-287631 to 5 |
|
E-Mail : |
info@bloodtools.com ravi_blood@yahoo.com sales@bloodtools.com robin_cnc@yahoo.com |
|
Website : |
|
|
|
|
|
Factory 2 : |
Metoda G.I.D.C., Plot No. G/1515- 152/A, Almighty Gate, Taluka Lodhika,
Rajkot-360004, |
|
Tel. No.: |
91-2827-287634/35 |
|
Fax No.: |
91-2827-287631 |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Rameshbhai Gobarbhai Vora |
|
Designation : |
Director |
|
Address : |
602, Royal Tower, 6 Royal Park, Kalawad Road, Rajkot - 360005,
Gujarat, India |
|
Date of Birth/Age : |
02.07.1953 |
|
Date of Appointment : |
18.10.2005 |
|
DIN No.: |
01226985 |
|
|
|
|
Name : |
Mr. Samirbhai Ramesh Vora |
|
Designation : |
Director |
|
Address : |
602, Royal Tower, 6 Royal Park, Kalawad Road, Rajkot - 360005,
Gujarat, India |
|
Date of Birth/Age : |
25.05.1981 |
|
Date of Appointment : |
18.10.2005 |
|
DIN No.: |
01227012 |
|
|
|
|
Name : |
Mr. Babubhai Naranbhai Sakhia |
|
Designation : |
Director |
|
Address : |
J. K. Hall, 150 Feet Ring Road, Sardar Patel Park, Near Bapa Sitaram Petrol Pump, Rajkot - 360005, Gujarat, India |
|
Date of Birth/Age : |
01.04.1982 |
|
Date of Appointment : |
18.10.2005 |
|
DIN No.: |
01342297 |
|
|
|
|
Name : |
Mr. Kishorbhai Babibhai Sakhia |
|
Designation : |
Director |
|
Address : |
Shri Khodiyar Niwwas, 3/5 New Subhashnagar Society, Kothariya Main
Road, Ramdev Dairy, Rajkot - 360002, Gujarat, India |
|
Date of Birth/Age : |
07.03.1979 |
|
Date of Appointment : |
18.10.2005 |
|
DIN No.: |
01342318 |
|
|
|
|
Name : |
Mrs. Lilaben Babubhai Sakhia |
|
Designation : |
Director |
|
Address : |
J. K. Hall, 150 Feet Ring Road, Sardar Patel Park, Near Bapa Sitaram Petrol Pump, Rajkot - 360005, Gujarat, India |
|
Date of Birth/Age : |
12.10.1965 |
|
Date of Appointment : |
18.10.2005 |
|
DIN No.: |
01006388 |
|
|
|
|
Name : |
Mr. Ravi Rameshbhai Vora |
|
Designation : |
Director |
|
Address : |
602, Royal Tower, 6, Royal Park, Kalawad Road, Rajkot - 360005, Gujarat, India |
|
Date of Birth/Age : |
01.06.1985 |
|
Date of Appointment : |
02.01.2012 |
|
DIN No.: |
03613263 |
|
|
|
|
Name : |
Mr. Rishi Rameshbhai Vora |
|
Designation : |
Director |
|
Address : |
602, Royal Tower, 6 Royal Park, Kalawad Road, Rajkot - 360005, Gujarat, India |
|
Date of Birth/Age : |
01.06.1985 |
|
Date of Appointment : |
02.01.2012 |
|
DIN No.: |
05117737 |
KEY EXECUTIVES
|
Name : |
Mr. Shailesh Tada |
|
Designation : |
Account Manger |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Samirbhai R Vora |
|
148000 |
|
Rameshbhai G Vora |
|
74000 |
|
Manjulaben R Vora |
|
75000 |
|
Babubhail N Sakhia |
|
150000 |
|
Kishorbhai B Sakhia |
|
149000 |
|
Lilaben B. Sakhia |
|
100000 |
|
R G Vora (HUF) |
|
1000 |
|
|
|
1000 |
|
Rishi R Vora |
|
148000 |
|
Priyanka S Vora |
|
148000 |
|
Samirbhai R Vora – HUF |
|
1000 |
|
Riddhi R Vora |
|
1000 |
|
Hiteshbhai B Sakhia |
|
1000 |
|
Jinkal Ravi Vora |
|
1000 |
|
Ravi. R. Vora (HUF) |
|
1000 |
|
Rishi R. Vora (HUF) |
|
1000 |
|
Total |
|
1000000 |
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 : |
Manufacturer and Importer of Solid Carbide Cutting Tools and Machine
Tools Accessories. |
|
|
|
|
Products : |
· Carbide Inserts and Insert Holders · Solid Carbide Tools · CNC Tooling |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
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Exports : |
Not Available |
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|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
Germany |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit |
|
|
|
|
Purchasing : |
L/C, Cash and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers and Manufacture
|
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No. of Employees : |
60 (Approximately) |
|||||||||||||||||||||||||||||||||||||||
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Bankers : |
·
ICICI Limited
|
|||||||||||||||||||||||||||||||||||||||
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|
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|
Facilities : |
(Rs.
In Million)
|
|
|
|
|
Auditors : |
|
|
Name : |
Ramesh M Patel and Company Chartered Accountants |
|
Address : |
206, Nakshtra-II, Opposite K.K. Hall, 150 Feet Ring Road, Rajkot -
360005, Gujarat, India |
|
Tel. No.: |
91-281-2574025 |
|
E-Mail : |
patel.824@gmail.com |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AKWPP3986C |
|
|
|
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Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1050000 |
Equity Shares |
Rs.10/- each |
Rs. 10.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000
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 |
10.000 |
10.000 |
10.000 |
|
(b) Reserves & Surplus |
(11.116) |
(13.848) |
(13.394) |
|
(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) |
(1.116) |
(3.848) |
(3.394) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
46.213 |
50.731 |
56.595 |
|
(b) Deferred tax liabilities (Net) |
0.528 |
0.579 |
0.637 |
|
(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) |
46.741 |
51.310 |
57.232 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
12.990 |
13.791 |
7.417 |
|
(b) Trade payables |
5.752 |
6.636 |
6.218 |
|
(c) Other current
liabilities |
8.978 |
12.560 |
11.299 |
|
(d) Short-term provisions |
0.034 |
0.034 |
1.427 |
|
Total Current Liabilities (4) |
27.754 |
33.021 |
26.361 |
|
|
|
|
|
|
TOTAL |
73.379 |
80.483 |
80.199 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
32.867 |
37.438 |
42.093 |
|
(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 |
1.902 |
1.902 |
1.777 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.261 |
0.238 |
0.310 |
|
(e) Other Non-current assets |
|
|
|
|
Total Non-Current Assets |
35.030 |
39.578 |
44.180 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
15.848 |
18.121 |
16.607 |
|
(c) Trade receivables |
19.117 |
18.607 |
16.978 |
|
(d) Cash and cash
equivalents |
0.461 |
1.189 |
0.617 |
|
(e) Short-term loans and
advances |
2.923 |
2.988 |
1.817 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
38.349 |
40.905 |
36.019 |
|
|
|
|
|
|
TOTAL |
73.379 |
80.483 |
80.199 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
48.321 |
44.634 |
50.119 |
|
|
Other Income |
1.560 |
1.442 |
3.840 |
|
|
TOTAL
|
49.881 |
46.076 |
53.959 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
17.686 |
10.766 |
14.024 |
|
|
Purchases of Stock-in-Trade |
0.000 |
4.894 |
1.688 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1.935) |
(1.466) |
(1.662) |
|
|
Employees benefits expense |
8.434 |
7.788 |
7.135 |
|
|
Other expenses |
8.796 |
9.083 |
10.063 |
|
|
TOTAL
|
32.981 |
31.065 |
31.248 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
16.900 |
15.011 |
22.711 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES ( |
9.598 |
10.186 |
10.404 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
7.302 |
4.825 |
12.307 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
4.620 |
5.333 |
6.080 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
2.682 |
(0.508) |
6.227 |
|
|
|
|
|
|
|
Less |
TAX |
(0.060) |
(0.054) |
0.637 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
2.742 |
(0.454) |
5.590 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(13.848) |
(13.394) |
(18.984) |
|
|
|
|
|
|
|
|
Balance Carried to the B/S |
(11.116) |
(13.848) |
(13.394) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
2.732 |
(0.454) |
5.59 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
6.711 |
10.497 |
9.222 |
|
Cash generated from operations |
N.A |
N.A |
N.A |
|
Net cash flow from operating activity |
N.A |
N.A |
N.A |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
5.67 |
(1.02) |
11.15 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
34.97 |
33.63 |
45.31 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.75 |
(0.65) |
7.94 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(2.40) |
0.13 |
(1.83) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(59.06) |
(19.50) |
(21.58) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.38 |
1.24 |
1.37 |
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 |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
(13.394) |
(13.848) |
(11.116) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
(3.394) |
(3.848) |
(1.116) |
|
|
|
|
|
|
long-term borrowings |
56.595 |
50.731 |
46.213 |
|
Short term borrowings |
7.417 |
13.791 |
12.990 |
|
Current Maturities Of
Long-Term Debts |
9.222 |
10.497 |
6.711 |
|
Total
borrowings |
73.234 |
75.019 |
65.914 |
|
Debt/Equity
ratio |
(21.577) |
(19.496) |
(59.063) |
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 |
50.119 |
44.634 |
48.321 |
|
|
|
(10.944) |
8.261 |
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 |
50.119 |
44.634 |
48.321 |
|
Profit |
5.590 |
(0.454) |
2.742 |
|
|
11.15% |
(1.02)% |
5.67% |
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 |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
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 |
NOTE: Registered office of the company has been shifted from Standard House, 6, Mavdi Plot, Rajkot -360004, India to the present address w.e.f. 21.12.2010
UNSECURED LOAN
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
From Directors and Shareholder |
44.353 |
39.878 |
|
|
|
|
|
Total |
44.353 |
39.878 |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10377651 |
01/10/2012 * |
15,000,000.00 |
THE CO -
OPERATIVE BANK OF RAJKOT LIMITED |
" SAHAKAR
SARITA ", PANCHNATH MAIN ROAD, RAJKOT- 360001, |
B59142471 |
|
2 |
10201643 |
10/02/2010 |
2,000,000.00 |
THE CO-OPERATIVE
BANK OF RAJKOT LIMITED |
"SAHKAR
SAURABH", SAURASHTRA UNIVERSITY ROAD BRA |
A79123014 |
|
3 |
10192306 |
08/12/2009 |
2,000,000.00 |
THE CO-OPERATIVE
BANK OF RAJKOT LIMITED |
"SAHKAR
SAURABH",, SAURASHTRA UNIVERSITY ROAD BRA |
A75987537 |
|
4 |
10131754 |
14/09/2012 * |
52,500,000.00 |
THE CO -
OPERATIVE BANK OF RAJKOT LIMITED |
" SAHAKAR
SARITA ", PANCHNATH MAIN ROAD, RAJKOT- 360001, |
B58515446 |
|
5 |
10114840 |
12/06/2008 |
17,500,000.00 |
THE CO-OPERATIVE
BANK OF RAJKOT LIMITED |
"SAHKAR
SARITA",, PANCHNATH ROAD, RAJKOT- 360001, GUJARAT , INDIA |
A42895615 |
FIXED ASSETS
·
Factory
·
Land and Building
·
Plant and Machinery
·
Machine Tools
·
Electrifications
·
Jigs and Fixtures
·
Office Equipments
·
Computer Systems
·
Printer and Computer
·
Vehicle
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 : |
DIP |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
1 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
13 |
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.