MIRA
INFORM REPORT
|
Report No. : |
347833 |
|
Report Date : |
31.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
|
Formerly Known
As : |
ACCRA PAC PRIVATE LIMITED |
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|
|
|
Registered
Office : |
Plot No.1105, Phase III, GIDC, Vapi– 396195, |
|
Tel. No.: |
91-260-2421236/ 2856/ 3558 |
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Country : |
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Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
29.03.1979 |
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|
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Com. Reg. No.: |
04-003351 |
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|
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Capital
Investment / Paid-up Capital : |
Rs. 12.497 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36998GJ1979PTC003351 |
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|
|
|
IEC No.: |
0891000518 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
PAN No.: [Permanent Account No.] |
AORPP3498Q |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
Manufacturer of Cosmetics, Toiletries Products. |
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|
|
|
No. of Employees
: |
200 (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 |
|
Maximum Credit Limit : |
USD 252800 |
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|
|
|
Status : |
Satisfactory |
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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 the year 1979, having satisfactory track. For the year 2014, the company has recorded decent sales turnover
marked by satisfactory profit margin. However it has recorded drastic decline
in the profit margin as compared to previous year. The company possesses decent net worth base marked by adequate cash
accruals. Trade relations are fair. Business is active. Payments are 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.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
|
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 |
CRISIL |
|
Rating |
Long Term Rating=BB+ |
|
Rating Explanation |
Inadequate credit quality and high credit
risk |
|
Date |
25.04.2014 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating=A4+ |
|
Rating Explanation |
Minimum degree of safety and very high
credit risk |
|
Date |
25.04.2014 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Leeladhar |
|
Designation : |
Chief Finance Officer |
|
Contact No.: |
91-22-32526653 |
|
Date : |
30.10.2015 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No.1105, Phase III, GIDC, Vapi– 396195, |
|
Tel. No.: |
91-260-2421236/ 2856/ 3558 |
|
Mobile No.: |
91-9925238439 (Mr. Hetang) |
|
Fax No.: |
91-260-2430996 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
50000 Sq. Ft |
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Admin Office : |
101, Rajanigandha, |
|
Tel. No.: |
91-22-32526653 |
|
Fax No.: |
91-22-24370232 |
|
Area : |
700 Sq. Ft |
|
Locality : |
Rented |
DIRECTORS
AS ON 05.11.2014
|
Name : |
Mr. Munna Chandulal Shah |
|
Designation : |
Director |
|
Address : |
151, Simhil, Saurabh Society, G I D C Bunglow Area, Vapi, District :
Valsad, Vapi- 396195, Gujarat, India |
|
Date of Birth/Age : |
08.10.1952 |
|
Qualification : |
Chemical
Engineer |
|
Experience : |
35
Years |
|
Date of Appointment : |
29.03.1979 |
|
PAN No.: |
AHKPS9827L |
|
DIN No.: |
00710978 |
|
|
|
|
Name : |
Mrs. Charulata Suryakant Nagrawala |
|
Designation : |
Director |
|
Address : |
5, 1st Floor, Prabhakunj, Nagarwala Complex, 1st Carter Road, Borivli (East),
Mumbai-400066, Maharashtra, India |
|
Date of Birth/Age : |
06.12.1935 |
|
Date of Appointment : |
06.02.1981 |
|
DIN No.: |
00711045 |
|
|
|
|
Name : |
Mr. Satish Chandulal Shah |
|
Designation : |
Director |
|
Address : |
6361 Se Harbor Cir, Stuart, Fl 34996-0000, Stuart, 349960000, , United
States Of America |
|
Date of Birth/Age : |
04.09.1941 |
|
Date of Appointment : |
10.02.2005 |
|
DIN No.: |
02766041 |
KEY EXECUTIVES
|
Name : |
Mr. Leeladhar |
|
Designation : |
Chief Finance Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 05.11.2014
|
Names of Shareholders |
|
No. of Shares |
|
Anand Chandulal Shah |
|
3402 |
|
Munna Chandulal Shah |
|
115219 |
|
Charulata Suryakant Nagrawala |
|
03 |
|
Accra Pac Incorporated, USA |
|
2790 |
|
Balte Incorporated, USA |
|
3559 |
|
Total |
|
124973 |
AS ON 05.11.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
5.08 |
|
Directors
or relatives of directors |
94.92 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20347833%2031-Oct-2015_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Cosmetics, Toiletries Products. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
-- |
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Countries : |
-- |
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Imports : |
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Products : |
-- |
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Countries : |
-- |
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Terms : |
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Selling : |
Cash, L/C and Credit |
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Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Retailers and Manufacturer
· Amrutanjan Gillette JK Helene Curtis Perio Rallis |
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No. of Employees : |
200 (Approximately) |
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Bankers : |
· Kotak Mahindra Bank Limited Main Branch, Lower Parel, Mumbai, Maharashtra, India |
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Facilities : |
|
|
Banking
Relations : |
-- |
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|
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Auditors : |
|
|
Name : |
Kalyaniwalla
and Mistry Chartered Accountants |
|
Address : |
Kalpataru Heritage, 127,
Mahatma Gandhi Road, Mumbai – 400001, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFK7554R |
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|
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Memberships : |
-- |
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Collaborators : |
-- |
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|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
125,000 |
Equity Shares |
Rs. 100/- each |
Rs. 12.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
124,973 |
Equity Shares |
Rs. 100/- each |
Rs. 12.497
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 |
12.497 |
12.497 |
12.497 |
|
(b) Reserves & Surplus |
75.989 |
57.973 |
43.886 |
|
(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) |
88.486 |
70.470 |
56.383 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
8.959 |
7.460 |
0.204 |
|
(b) Deferred tax liabilities (Net) |
0.623 |
1.918 |
1.470 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
3.588 |
2.114 |
2.145 |
|
Total Non-current
Liabilities (3) |
13.170 |
11.492 |
3.819 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
59.525 |
48.923 |
37.726 |
|
(b)
Trade payables |
121.636 |
120.067 |
65.921 |
|
(c)
Other current liabilities |
49.488 |
11.230 |
6.189 |
|
(d) Short-term
provisions |
2.932 |
0.451 |
0.451 |
|
Total Current
Liabilities (4) |
233.581 |
180.671 |
110.287 |
|
|
|
|
|
|
TOTAL |
335.237 |
262.633 |
170.489 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
72.164 |
58.363 |
45.381 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
10.014 |
9.404 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.088 |
0.089 |
0.093 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.499 |
2.593 |
5.238 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.017 |
|
Total Non-Current
Assets |
86.765 |
70.449 |
50.729 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
145.781 |
82.353 |
57.647 |
|
(c)
Trade receivables |
67.997 |
86.123 |
47.230 |
|
(d) Cash
and cash equivalents |
15.463 |
7.506 |
7.492 |
|
(e)
Short-term loans and advances |
15.567 |
16.083 |
7.046 |
|
(f)
Other current assets |
3.664 |
0.119 |
0.345 |
|
Total
Current Assets |
248.472 |
192.184 |
119.760 |
|
|
|
|
|
|
TOTAL |
335.237 |
262.633 |
170.489 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
1192.782 |
802.774 |
677.298 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
18.016 |
140.787 |
14.711 |
|
|
|
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|
|
|
|
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|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
35.055 |
114.459 |
3.377 |
|
|
TOTAL EARNINGS |
35.055 |
114.459 |
3.377 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
144.16 |
1126.54 |
117.71 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
|
|
|
|
Current Maturities of Long term Borrowings |
|
0.204 |
0.522 |
|
Current Maturities of Long term Loan |
|
3.752 |
0.000 |
|
Total |
NA |
3.956 |
0.522 |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
27.665 |
13.225 |
|
|
|
|
|
|
Net Cash Flow from Operating Activities |
25.189 |
19.594 |
3.004 |
%20PRIVATE%20LIMITED%20-%20347833%2031-Oct-2015_files/image003.gif){kind=small}
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.51 |
17.54 |
2.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.77 |
0.86 |
0.68 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.06 |
1.06 |
1.09 |
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 |
12.497 |
12.497 |
12.497 |
|
Reserves & Surplus |
43.886 |
57.973 |
75.989 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
56.383 |
70.470 |
88.486 |
|
|
|
|
|
|
Long-term borrowings |
0.204 |
7.460 |
8.959 |
|
Short term borrowings |
37.726 |
48.923 |
59.525 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
0.522 |
3.956 |
0.000 |
|
Total
borrowings |
38.452 |
60.339 |
68.484 |
|
Debt/Equity
ratio |
0.682 |
0.856 |
0.774 |
%20PRIVATE%20LIMITED%20-%20347833%2031-Oct-2015_files/image005.gif)
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) |
|
Turnover |
677.298 |
802.774 |
1192.782 |
|
|
|
18.526 |
48.583 |
%20PRIVATE%20LIMITED%20-%20347833%2031-Oct-2015_files/image007.gif)
NET PROFIT MARGIN
|
Net Profit
Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Turnover |
677.298 |
802.774 |
1192.782 |
|
Profit |
14.711 |
140.787 |
18.016 |
|
|
2.17% |
17.54% |
1.51% |
%20PRIVATE%20LIMITED%20-%20347833%2031-Oct-2015_files/image009.gif)
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) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
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 |
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 CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10564604 |
15/07/2015 * |
187,100,000.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G BLOCK, BANDRA KURLA COMPLEX, BANDRA (E), MUMBAI- 400051, MAHARASHTRA, INDIA |
C60427754 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from directors |
1.168 |
1.168 |
|
Loans and advances from others |
1.850 |
1.851 |
|
|
|
|
|
Total |
3.018 |
3.019 |
PERFORMANCE DURING THE
CURRENT YEAR
During the financial year 2013-14
Company able to achieve the turnover of Rs.1000.000 Million .The Deodorant
industry continues to remain one of the fastest growing sectors and during the
current financial year 2014-15, Company has been able to achieve a turnover of
Rs. 1091.500 Million for the six months period ending September, 2014 and hope
to keep the same trend in the coming months too.
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from 304, Akruti
Complex, Near Highcourt, Railway Crossing Navrangpura, Ahmedabad-380009,
Gujarat, India to the present address w.e.f 25.06.2013
FIXED ASSETS:
Tangible Assets
·
Land
Buildings
Plant and
Equipment
Furniture
and Fixtures
Vehicles
Office
Equipment
Computer
Equipments
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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. 65.22 |
|
|
1 |
Rs. 99.93 |
|
Euro |
1 |
Rs. 71.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
AMR |
|
|
|
|
Report Prepared
by : |
IND |
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 |
|
--PROFITABILIRY |
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 |
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 |
|
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.