MIRA INFORM REPORT
|
Report No. : |
338818 |
|
Report Date : |
02.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
WRITERS AND PUBLISHERS PRIVATE LIMITED (w.e.f.
06.03.2009) |
|
|
|
|
Formerly Known
As : |
WRITERS AND PUBLISHERS LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 280, |
|
Tel No.: |
91-79-39888850 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
13.01.1981 |
|
|
|
|
Com. Reg. No.: |
04-047207 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.683.655 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22210GJ1981PTC047207 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMW00114C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACW1376J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Printing and publishing
of News Papers |
|
|
|
|
No. of Employees
: |
Not Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1981 having a moderate track record. Profit margin of the company is low. Further, the borrowings are huge and increasing which further act as a threat to the liquidity position of the company. However, trade relations are reported as fair. Business is active. Payments terms are reported to be slow but correct. The company can be considered for business dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
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
31-03-2013.
INFORMATION DECLINED BY
|
Name : |
Mr. Sushil Gaikwad |
|
Designation : |
DGM Finance |
|
Contact No.: |
91-753-3913290 |
|
Date : |
28.08.2015 |
LOCATIONS
|
Registered Office : |
Plot No. 280, |
|
Tel. No.: |
91-79-39888850 / 25201000 |
|
Mobile No.: |
91-9425378951 (Mr. Sushil Gaikwad) |
|
Fax No.: |
91-79-39814001 |
|
E-Mail : |
csbpl2008@yahoo.co.in g_sushil@bhaskar.net.com |
|
Website : |
|
|
Area : |
2 Acres |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
6, Dwarka Sadan, Press Complex, MP Nagar, |
|
Tel No.: |
91-755-3913290 / 2766247 |
|
Fax No.: |
91-755-4270469 |
|
Location : |
Owned |
|
|
|
|
Nagpur Office : |
Dainik Bhaskar, 17A, Great Nag Road, Nagpur – 440009, Maharashtra,
India |
DIRECTORS
As on 31.03.2015
|
Name : |
Mr. Girish Agarwal |
|
Designation : |
Additional director |
|
Address : |
Kumaram, Plot no. 10,, Abdul Gafar Khan Road, Worli, Mumbai
- 400018, Maharashtra, India |
|
Date of Birth/Age : |
10.07.1971 |
|
Date of Appointment : |
01.08.2015 |
|
DIN No.: |
00051375 |
|
|
|
|
Name : |
Mr. Sudhir Agarwal |
|
Designation : |
Additional director |
|
Address : |
E-1/79 Arera Colony, |
|
Date of Birth/Age : |
20.07.1967 |
|
Date of Appointment : |
01.08.2015 |
|
DIN No.: |
00051407 |
|
|
|
|
Name : |
Mr. pawan Agarwal |
|
Designation : |
Additional director |
|
Address : |
E-1/79 Arera Colony, |
|
Date of Birth/Age : |
31.07.1974 |
|
Date of Appointment : |
01.08.2015 |
|
DIN No.: |
00465092 |
|
|
|
|
Name : |
Mr. Rajendra Gupta |
|
Designation : |
Additional director |
|
Address : |
C-12, Sarnam-9, Near Chandan, Party Plot Satellite,
Ahmedabad - 380015, Gujarat, India |
|
Date of Appointment : |
18.12.2014 |
|
DIN No.: |
01148372 |
|
|
|
|
Name : |
Mr. Rajendra Joshi |
|
Designation : |
Additional director |
|
Address : |
118, Indus Garden Ph-II,, E-8 Extn, Babadia Kalan, Bhopal
- 462039, Madhya Pradesh, India |
|
Date of Appointment : |
18.12.2014 |
|
DIN No.: |
07048137 |
KEY EXECUTIVES
|
Name : |
Mr. Sushil Gaikwad |
|
Designation : |
DGM Finance |
|
|
|
|
Name : |
Mr. Rakesh Sodani |
|
Designation : |
Secretary |
|
Address : |
Flat No. 102, Chandan Plaza, Rambag Squire, Indore -
452001, Madhya Pradesh, India |
|
Date of Appointment : |
31.10.2014 |
|
PAN No.: |
BETPS6671F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 24.07.2014
|
Names of
Shareholders (Equity Shares) |
|
No. of Shares |
|
Bhaskar Industries Limited, India |
|
14000 |
|
Shri Sudhir Agarwal |
|
248461 |
|
Smt. Jyoti Agarwal |
|
160963 |
|
Shri Girish Agarwal |
|
297104 |
|
R. C. Agarwal (HUF) |
|
10402 |
|
Bhaskar Infrastructure Limited, India |
|
276490 |
|
Peacock Trading and Investment Private Limited, India |
|
106580 |
|
Smt. Namita Agarwal |
|
87486 |
|
Shri Pawan Agarwal |
|
531352 |
|
Smt. Nitika Agarwal |
|
48500 |
|
Dev Fiscal Services Private Limited, India |
|
21000 |
|
Girish Agarwal (HUF) |
|
229926 |
|
Sudhir Agarwal (HUF) |
|
226190 |
|
Pawan Agarwal (HUF) |
|
126053 |
|
Sunshine Solvent Private Limited, India |
|
225000 |
|
Solvent Traders Private Limited, India |
|
172831 |
|
Decent Industries Limited |
|
450000 |
|
Exxoils Enterprises Private Limited, India |
|
225000 |
|
Bhaskar Exim Limited, India |
|
400000 |
|
BFP Enterprises Private Limited, India |
|
225000 |
|
BFP Traders Private Limited, India |
|
225000 |
|
Stitex Global Limited, India |
|
229192 |
|
Agar Visison LLP |
|
10 |
|
Divya Consolidated LLP |
|
10 |
|
Total |
|
4536550 |
|
Names of
Shareholders (Preference Shares) |
|
No. of Shares |
|
Kasturi Devi Agarwal |
|
105000 |
|
Bhaskar Infrastructure Limited, India |
|
686000 |
|
Smt. Namita Agarwal |
|
45000 |
|
Peacock Trading and Investment Private Limited, India |
|
141000 |
|
Shri Pawan Agarwal |
|
64666 |
|
S.A. Trading & Investment Private Limited, India |
|
670000 |
|
Stitex Global Limited, India |
|
504000 |
|
Girish Agarwal |
|
64667 |
|
Sudhir Agarwal |
|
19667 |
|
Total |
|
2300000 |
Equity Share Break up (Percentage of Total Equity)
As on 24.07.2014
|
Category |
Percentage |
|
Bodies corporate |
69.72 |
|
Directors or relatives of Directors |
30.28 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Printing and publishing
of News papers |
||||||||
|
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|
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Products : |
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Brand Names : |
Not Divulged |
||||||||
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Agencies Held : |
Not Divulged |
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||||||||
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Exports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Imports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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|||||||||||||||
|
Customers : |
|
|||||||||||||||
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|||||||||||||||
|
No. of Employees : |
Information declined by the management
|
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|
|
|||||||||||||||
|
Bankers : |
|
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Krishna Gupta and company Chartered Accountants |
|
Address : |
105, Parikalp Singhal Tower (1st Floor), (Above UCO Bank), Old high court Road, Gwalior - 474 009, Madhya Pradesh, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAEFK3347G |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Subsidiaries : |
·
Surge Developers Private Limited, India (U04520MP2006PTC018399) ·
India Interactive Technologies Limited, India (U72200MH2007PLC171849) ·
Diva Oil and Gas Limited, India (U11101MP2008PLC020377) ·
Bhaskar Infraventure Limited, India (U70109MP2008PLC021394) · Herbal Investment Private Limited, India (U67120MP2000PTC013986) ·
Chambal Tradings Private Limited, India (U52520GJ1985PTC051691) |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.100/- each |
Rs.500.000 Million |
|
2500000 |
Preferences Shares |
Rs.100/- each |
Rs.250.000 Million |
|
|
Total |
|
Rs.750.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4536550 |
Equity Shares |
Rs.100/- each |
Rs.453.655
Million |
|
2300000 |
Preferences Shares |
Rs.100/- each |
Rs.230.000
Million |
|
|
Total |
|
Rs.683.655 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 |
683.655 |
683.655 |
683.655 |
|
(b) Reserves & Surplus |
2026.980 |
1988.619 |
1942.281 |
|
(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) |
2710.635 |
2672.274 |
2625.936 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
9566.068 |
7517.743 |
3249.928 |
|
(b) Deferred tax liabilities
(Net) |
61.755 |
62.798 |
73.295 |
|
(c) Other long term
liabilities |
3069.978 |
3891.686 |
8465.991 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
12697.801 |
11472.227 |
11789.214 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1345.835 |
444.583 |
437.170 |
|
(b) Trade payables |
1306.359 |
4582.320 |
1065.939 |
|
(c) Other current liabilities |
97.590 |
156.846 |
158.557 |
|
(d) Short-term provisions |
25.980 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
2775.764 |
5183.749 |
1661.666 |
|
|
|
|
|
|
TOTAL |
18184.200 |
19328.250 |
16076.816 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
751.761 |
781.444 |
779.264 |
|
(ii) Intangible Assets |
0.500 |
0.500 |
0.500 |
|
(iii) Capital work-in-progress |
9.936 |
10.013 |
9.603 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
11585.725 |
9346.901 |
9207.015 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
290.503 |
260.965 |
529.968 |
|
(e) Other Non-current assets |
42.482 |
86.999 |
145.694 |
|
Total
Non-Current Assets |
12680.907 |
10486.822 |
10672.044 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
3927.307 |
5909.189 |
56.516 |
|
(d) Cash and cash equivalents |
31.508 |
180.684 |
24.898 |
|
(e) Short-term loans and
advances |
1525.298 |
2741.202 |
5311.710 |
|
(f) Other current assets |
19.180 |
10.353 |
11.648 |
|
Total
Current Assets |
5503.293 |
8841.428 |
5404.772 |
|
|
|
|
|
|
TOTAL |
18184.200 |
19328.250 |
16076.816 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
6499.839 |
6239.685 |
5907.162 |
|
|
Other Income |
|
|
|
|
|
TOTAL
|
6499.839 |
6239.685 |
5907.162 |
|
|
|
|
|
|
|
Less |
EXPENSES |
6428.015 |
6186.803 |
5850.292 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
71.824 |
52.882 |
56.870 |
|
|
|
|
|
|
|
Less |
TAX |
28.790 |
1.871 |
(22.097) |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
43.034 |
51.011 |
78.967 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
15.61 |
NA |
NA |
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) operations |
(893.526) |
(4014.438) |
0.000 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.09 |
0.53 |
0.83 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.02 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
4.03 |
2.98 |
1.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.98 |
1.71 |
3.25 |
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 |
683.655 |
683.655 |
683.655 |
|
Reserves & Surplus |
1942.281 |
1988.619 |
2026.980 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
2625.936 |
2672.274 |
2710.635 |
|
|
|
|
|
|
long-term borrowings |
3249.928 |
7517.743 |
9566.068 |
|
Short term borrowings |
437.170 |
444.583 |
1345.835 |
|
Total
borrowings |
3687.098 |
7962.326 |
10911.903 |
|
Debt/Equity
ratio |
1.404 |
2.980 |
4.026 |
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) |
|
Total Income |
5907.162 |
6239.685 |
6499.839 |
|
|
|
5.629 |
4.169 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
5907.162 |
6239.685 |
6499.839 |
|
Profit |
78.967 |
51.011 |
43.034 |
|
|
1.34% |
0.82% |
0.66% |
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) |
No |
|
16 |
No. of employees |
No |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
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 |
|
|
|
Other loans and advances, others |
1345.835 |
444.583 |
|
Total |
1345.835 |
444.583 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10585220 |
24/06/2015 |
850,000,000.00 |
YES BANK LIMITED |
YES BANK TOWER, IFC 2, 25TH FLOOR,, SENAPATI BAPAT MARG, ELPHINSTONE ROAD, MUMBAI, MAHARASHTRA - 4 00013, INDIA |
C61316873 |
|
2 |
10560490 |
28/03/2015 |
1,500,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWER, WTC
COMPLEX, CUFFE PARADE, MUMBAI, MAH |
C49613870 |
|
3 |
10557029 |
03/03/2015 |
6,050,000,000.00 |
IL & FS TRUST COMPANY LIMITED |
IL & FS
FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA |
C46702072 |
|
4 |
10557032 |
03/03/2015 |
2,500,000,000.00 |
IL & FS TRUST COMPANY LIMITED |
IL & FS
FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA |
C46703971 |
|
5 |
10554729 |
11/02/2015 |
1,950,000,000.00 |
IL & FS TRUST COMPANY LIMITED |
IL & FS
FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA |
C45039336 |
|
6 |
10520530 |
21/08/2014 |
5,760,000,000.00 |
STATE BANK OF INDIA |
CORPORATE ACCOUNT
GROUP- MUMBAI, NEVILLE HOUSE, 3 |
C21112685 |
|
7 |
10488614 |
28/04/2014 |
1,380,000,000.00 |
IDBI BANK LIMITED |
IDBI BANK LIMITED,
ADJ. TO LIC. OPP. RAJ BHAWAN, |
C02197655 |
|
8 |
80045656 |
14/10/2011 * |
1,240,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH,
LHO COMPLEX, HOSHANGABAD ROAD, |
B26274399 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
Intangible assets
- Goodwill
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.66.26 |
|
|
1 |
Rs.101.99 |
|
Euro |
1 |
Rs.74.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.