MIRA
INFORM REPORT
|
Report No. : |
338563 |
|
Report Date : |
08.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHASHWAT METALLIC PRIVATE LIMITED
(w.e.f. 20.12.2011) |
|
|
|
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Formerly Known
As : |
GOVINDA CRUSHER PRIVATE LIMITED |
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Registered
Office : |
4, Clive Row, Mukti Chambers, Room No. 408, Kolkata – 700001, West |
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Tel. No.: |
91-9830018254 (Mr. Virendra) |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
15.03.2004 |
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Com. Reg. No.: |
21-098088 |
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Capital
Investment / Paid-up Capital : |
Rs. 2.902 Million |
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|
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CIN No.: [Company Identification
No.] |
U27310WB2004PTC098088 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of iron and steel |
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No. of Employees
: |
28 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Moderate |
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Payment Behavior : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2004 and it is an established
company having moderate track record. As per registrar of companies the date of balance sheet (i.e.
financial filed) is known as 31.03.2014 but the documents related to the
financial are not available from any sources. For the financial year ended 2013, the company possesses moderate
operational performance and it has reported low profit margins during a year
under a review. Rating further constrained on account of company’s moderate financial
risk profile and below average networth profile of the company. As per the status in the registrar of companies business appears to be
active. Payments are reported to be unknown. In view of aforesaid, the company can be considered for business
dealing with some caution. Note: Site visit was conducted at the registered address of the subject company
and our executive has found company on the registered address. At the premises our executive contacted management of the company but
management has denied to disclose any information. As per our executive observation location seems to be commercial and
area of the office premise is around 1000 SQ. FT. It was 8 storey building
and subject was situated on 4th floor. Name board of the subject company was
also sighted at the premises. |
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 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
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 PARTED BY (GENERAL INFORMATION)
|
Name : |
Mr. Virendra |
|
Designation : |
Director |
|
Contact No.: |
91-9830018254 |
|
Date : |
07.09.2015 |
LOCATIONS
|
Registered Office : |
4, Clive Row, Mukti Chambers, Room No. 408, Kolkata – 700001, West
Bengal, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9830018254 (Mr. Virendra) |
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Fax No.: |
Not Available |
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E-Mail : |
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Area: |
1000 Sq.ft. |
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Location: |
Owned (Commercial) |
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Warehouse: |
Ranigunj, West Bengal, India |
DIRECTORS
|
Name : |
Mr. Suresh Kumar Mohta |
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Designation : |
Director |
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Address : |
31/B, Addi Banstolla Lane,, Kolkata - 700007, West Bengal, India |
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Date of Birth/Age : |
04.10.1962 |
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Date of Appointment : |
01.01.2014 |
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DIN No.: |
05125016 |
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Other Directorship:
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Name : |
Mr. Virendra Dhannani |
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Designation : |
Director |
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Address : |
2C, N.S.Road, 2A Flat No.25/26, Shanti Nagar, Liluah - 711204, West Bengal, India |
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Date of Birth/Age : |
05.01.1982 |
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Date of Appointment : |
01.01.2014 |
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DIN No.: |
06627957 |
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Other
Directorship:
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MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
% Age Holding |
|
Aashi Infrastructure Private Limited, Kolkata |
188200 |
64.85 |
|
Hanumandas Meghraj (Proprietor : Suresh Kumar Mohata) |
66000 |
22.74 |
|
Madhawan Mercantile Private Limited, Kolkata |
36000 |
12.41 |
|
Total |
290200 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
77.00 |
|
Directors or relatives of Directors |
23.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of iron and steel. |
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Products : |
·
Iron ·
Steel |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Advance Payment, Cheque and Credit, (60 Days / 90 Days) |
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Purchasing : |
Advance Payment, Cheque and Credit, (60 Days / 90 Days) |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Retailers, End Users and OEMs
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No. of Employees : |
28 (Approximately) |
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Bankers : |
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Auditors : |
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Name : |
Rahul Bansal and Associates Chartered Accountants |
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Address : |
33A, Jawaharlal Nehru Road, Kolkata – 700071, West Bengal, India |
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Income-tax PAN of
auditor or auditor's firm. |
AIMPB3167B |
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Memberships : |
----- |
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Collaborators : |
----- |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs. 3.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
290200 |
Equity Shares |
Rs.10/- each |
Rs. 2.902 Million |
FINANCIAL DATA
[All figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
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|
|
I.
EQUITY AND LIABILITIES |
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|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2.902 |
2.902 |
2.902 |
|
(b) Reserves &
Surplus |
10.485 |
10.450 |
11.537 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
19.500 |
14.300 |
|
Total Shareholders’ Funds
(1) + (2) |
13.387 |
32.852 |
28.739 |
|
|
|
|
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|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.135 |
5.135 |
1.619 |
|
(b) Trade payables |
6.163 |
9.450 |
4.905 |
|
(c) Other current
liabilities |
0.508 |
0.398 |
0.605 |
|
(d) Short-term provisions |
0.269 |
0.261 |
0.261 |
|
Total Current Liabilities
(4) |
7.075 |
15.244 |
7.390 |
|
|
|
|
|
|
TOTAL |
20.462 |
48.096 |
36.129 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.048 |
0.057 |
6.904 |
|
(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 |
0.073 |
18.247 |
22.117 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.266 |
0.266 |
0.224 |
|
Total Non-Current Assets |
0.387 |
18.570 |
29.245 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
7.012 |
6.887 |
1.031 |
|
(c) Trade receivables |
7.365 |
17.082 |
0.057 |
|
(d) Cash and cash
equivalents |
0.586 |
0.904 |
1.027 |
|
(e) Short-term loans and
advances |
5.112 |
4.653 |
4.769 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
20.075 |
29.526 |
6.884 |
|
|
|
|
|
|
TOTAL |
20.462 |
48.096 |
36.129 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
60.380 |
8.011 |
5.525 (Gross) |
|
|
Other Income |
0.572 |
0.610 |
NA |
|
|
TOTAL |
60.952 |
8.621 |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Trading Goods |
58.793 |
6.714 |
NA |
|
|
Increase / Decreases of
stock-in-trade |
0.125 |
1.031 |
NA |
|
|
Employees benefits
expense |
0.484 |
0.400 |
NA |
|
|
Other expenses |
1.178 |
0.986 |
NA |
|
|
TOTAL |
60.580 |
9.131 |
NA |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
0.372 |
(0.510) |
NA |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.570 |
0.600 |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(0.198) |
(1.110) |
(0.459) |
|
|
|
|
|
|
|
Less |
TAX |
(0.233) |
(0.023) |
(0.192) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
0.035 |
(1.087) |
(0.267) |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
(0.758) |
0.329 |
0.596 |
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE B/S |
(0.723) |
(0.758) |
0.329 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
0.12 |
(37.46) |
9.21 |
|
Particulars |
|
31.03.2015 |
31.03.2014 |
|
Sales Turnover (Approximately) |
|
1780.000 |
230.000 |
|
|
|
Due to receive more order the sales turnover increased in the year
2014-2015 |
|
Expected Sales (2015-2016): Rs. 2220.000 Million
The above information has been parted by Mr. Virendra
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.06 |
(13.57) |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
0.62 |
(6.37) |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.97) |
(3.72) |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.01) |
(0.03) |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.01 |
0.16 |
0.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.84 |
1.94 |
0.93 |
FINANCIAL ANALYSIS
[All figures are in
Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
2.902 |
2.902 |
2.902 |
|
Reserves & Surplus |
11.537 |
10.450 |
10.485 |
|
Share Application money pending allotment |
14.300 |
19.500 |
0.000 |
|
Net worth |
28.739 |
32.852 |
13.387 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
1.619 |
5.135 |
0.135 |
|
Total borrowings |
1.619 |
5.135 |
0.135 |
|
Debt/Equity ratio |
0.056 |
0.156 |
0.010 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
8.011 |
60.380 |
|
|
|
653.714 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
8.011 |
60.380 |
|
Profit |
(1.087) |
0.035 |
|
|
(13.57%) |
0.06% |
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 |
Yes |
|
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 |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
No |
|
26 |
Turnover of firm for last five 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 |
31.03.2013 (Rs.
in Million) |
31.03.2012 (Rs.
in Million) |
|
Short Term
Borrowings |
|
|
|
Loans repayable on
demand |
|
|
|
Loan from body corporate |
0.135 |
5.135 |
|
Total |
0.135 |
5.135 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
OBSERVATION FORM:
|
REF. NO.:
338563
DATE OF VISIT: -------------------- COMPANY NAME:
SHASHWAT METALLIC PRIVATE LIMITED ADDRESS: 4,
CLIVE ROW, MUKTI CHEMABERS, ROOM NO. 408, KOLKATA – 700001. ·
NAME BOARD :
SIGHTED / NOT SIGHTED ·
LOCATION : EASY
/ DIFFICULT / VERY DIFFCULT ·
LANDMARK (IF ANY): DALHOUSIE ·
TOTAL FLOORS OF
THE BUILDING: 8 ·
SUBJECT SITUTAED
ON 4TH FLOOR ·
LOCALITY:
RESIDENTIAL / COMMERICAL / INDUSTRIAL ·
AREA OF
PREMISES: 1000 (SQ.FT.) ·
AREA: UPMARKET /
DOWNMARKET / NETURAL ·
NO. OF EMPLOYEES
SEEN AT PERMISES: ------------ ·
VISIBILITY OF
ITEMS: i)
TELEPHONE: YES/NO ii)
FAX MACHINE: YES/NO iii)
TELEX: YES/NO iv)
COMPUTERS: YES/NO v)
AIR CONDITIONER: YES/NO vi)
OFFICE EQUIMPENT: YES/NO vii)
XEROX MACHINE: YES/NO ·
PROF OF VISIT:
VISITING CARD / PHOTOGRAPH |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service, Interpol, etc.
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. 66.40 |
|
|
1 |
Rs. 101.19 |
|
Euro |
1 |
Rs. 73.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
MNJ |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared by
: |
SANS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
---- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
30 |
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
unfavorable 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.