MIRA
INFORM REPORT
|
Report No. : |
340107 |
|
Report Date : |
08.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHREE VAISHNAV METAL AND POWER PRIVATE LIMITED (w.e.f. 04.09.2008) |
|
|
|
|
Formally Known
as: |
ANJANI COMMOTRADE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
104-Shivashish Complex, Plot No.10, 9th Road, Next to Malhar
Hotel, Chembur East, Mumbai - 400071, Maharashtra |
|
Tel. No.: |
91-22-67304400 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
22.06.2005 |
|
|
|
|
Com. Reg. No.: |
11-228504 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.070 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109MH2005PTC228504 |
|
|
|
|
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 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Supplier of Galvanizing Steel Structure. |
|
|
|
|
No. of Employees
: |
120 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
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Litigation : |
Clear |
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|
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Comments : |
Subject belongs to shree vaishnav group of companies. It is a
well-established company having satisfactory track. Rating takes into consideration above-average financial risk profile
marked by strong networth base and moderate gearing of the company in FY14. Management has reported a decent growth in its sales volume along with
fair net profit margin during FY2014. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings with 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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating “BBB+” |
|
Rating Explanation |
Moderate degree of Safety and Moderate credit risk |
|
Date |
09.10.2014 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short terms rating “A2” |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
09.10.2014 |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Subhod |
|
Designation : |
Assistant in Finance |
|
Contact No.: |
91-22-67304400 |
|
Date : |
07.09.2015 |
|
|
|
|
Name : |
Mr. Suresh Dham |
|
Designation : |
Consultant |
LOCATIONS
|
Registered Office : |
104-Shivashish Complex, Plot No.10, 9th Road, Next to Malhar
Hotel, Chembur East, Mumbai - 400071, Maharashtra |
|
Tel. No.: |
91-22-67304400 |
|
Mobile No.: |
91-7588882878 (Mr. Sachin) |
|
Fax No.: |
Not Available |
|
E-Mail : |
mail@vaishnavgroup.com accounts@vaishnavgroup.com |
|
Website : |
http://www. vaishnavgroup.com |
|
|
|
|
Factory : |
Gut No. 24, Bhawega, Bharat Fertilizer Road, Wada, Thane - 421302,
Maharashtra, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Dinesh Shersingh Agarwal |
|
Designation : |
Director |
|
Address : |
Vaishnav Sadan Bunglow No.2, Vikas Classique Cooperative Housing Society Behind Basant Cinema, Chembur, Mumbai - 400074, Maharashtra, India |
|
Date of Appointment : |
14.03.2008 |
|
DIN No.: |
00636328 |
|
|
|
|
Name : |
Mr. Shersingh Omprakash Agarwal |
|
Designation : |
Director |
|
Address : |
Vaishnav Sadan Bunglow No.2, Vikas Classique Cooperative Housing Society Behind Basant Cinema, Chembur, Mumbai - 400074, Maharashtra, India |
|
Date of Appointment : |
14.03.2008 |
|
DIN No.: |
00636417 |
|
|
|
|
Name : |
Mr. Rajrani Shersingh Agarwal |
|
Designation : |
Director |
|
Address : |
Vaishnav Sadan Bunglow No.2, Vikas Classique Cooperative Housing Society Behind Basant Cinema, Chembur, Mumbai - 400074, Maharashtra, India |
|
Date of Appointment : |
14.03.2008 |
|
DIN No.: |
00636455 |
|
|
|
|
Name : |
Mr. Manoj Sharma Kumar |
|
Designation : |
Additional director |
|
Address : |
B-101,Akruti Orchid Park, Near Vijay Print Bus Stop, Sakinaka, Andheri (East), Mumbai - 400072, Maharashtra, India |
|
Date of Appointment : |
01.07.2015 |
|
DIN No.: |
01627886 |
KEY EXECUTIVES
|
Name : |
Mr. Subhod |
|
Designation : |
Assistant in Finance |
|
|
|
|
Name : |
Mr. Suresh Dham |
|
Designation : |
Consultant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Equity Shareholders |
|
No. of Shares |
|
Dinesh Agarwal (HUF) |
|
167000 |
|
Shersingh Agarwal (HUF) |
|
50000 |
|
Prita Agarwal |
|
178500 |
|
Rajrani Agarwal |
|
50000 |
|
Shersingh Agarwal |
|
80000 |
|
Dinesh Agarwal |
|
131500 |
|
|
|
|
|
Total |
|
657000 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Alex Trade Com Private Limited , India |
|
10000 |
|
Circular Tie Up Private Limited , India |
|
25000 |
|
Intimate Tradelink Private Limited , India |
|
25000 |
|
Kavya Dealtrade Private Limited , India |
|
25000 |
|
Keynote Commercial Private Limited , India |
|
28500 |
|
Newage Vinimay Private Limited, India |
|
77000 |
|
Unicon Tie Up Private Limited , India |
|
34500 |
|
Vedant Commodeal Private Limited, India |
|
25000 |
|
Total |
|
250000 |
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 Supplier of Galvanizing Steel Structure. |
|
|
|
|
Products : |
Galvanizing Steel Structure |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and credit (60,90 Days) |
|
|
|
|
Purchasing : |
L/C, Cash and credit (60,90 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
OEMs, Others
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No. of Employees : |
120 (Approximately) |
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Bankers : |
·
Bank of Baroda, MID Corporate, 105, 10th
Floor, maker Chambers III, Nariman Point, Mumbai - 400021, Maharashtra, India
|
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
M.B Agarwal and Company Chartered Accountants |
|
Address : |
204, Mhatre Pen Building, Senapati Bapat Marg, Dadar (West(, Mumbai -
400028, Maharashtra, India |
|
Tel. No.: |
91-6658218 |
|
Fax No.: |
91-91-24363312 |
|
Website : |
www.mbaconsultant;s.in |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFM5230D |
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|
|
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Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Shree Vaishnav Industries
Private Limited |
|
|
|
|
Related Parties: |
·
R.V. Steel (Partnership concern) ·
Dinesh Steel (Proprietor Mr. Shersingh Agarval) ·
Shree Vaishnav Alloys Private Limited ·
Shree Vaishnav Industries Private Limited ·
Shree Vaishnav Udyog Private Limited ·
Shree Vaishnav Castirg Private Limited ·
Shree Vaishnav Finance (Partnership Concern) ·
Shree Vaishnav Ispat Private Limited ·
Shree Vaishnav Wire and Rods Private Limited ·
Sunbeam Suppliers Private Limited |
|
|
|
CAPITAL STRUCTURE
After 30.09.2014
Authorised Capital : Rs. 25.000 Million
Issued, Subscribed & Paid-up Capital : Rs. 10.605 Million
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2250000 |
Equity Shares |
Rs.10/- each |
Rs. 22.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
657000 |
Equity Shares |
Rs.10/- each |
Rs. 6.570
Million |
|
|
|
|
|
|
250000 |
Preference Share |
|
Rs. 5.500
Million |
|
|
Total |
|
Rs. 9.070 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 |
9.070 |
5.470 |
5.470 |
|
(b) Reserves & Surplus |
191.876 |
103.993 |
101.866 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
30.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
200.946 |
139.463 |
107.336 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
257.738 |
231.026 |
69.859 |
|
(b) Deferred tax liabilities (Net) |
10.843 |
1.252 |
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) |
268.581 |
232.278 |
69.859 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
214.545 |
69.828 |
0.000 |
|
(b) Trade payables |
182.098 |
87.784 |
10.620 |
|
(c) Other current
liabilities |
42.273 |
23.600 |
12.600 |
|
(d) Short-term provisions |
6.403 |
0.674 |
0.300 |
|
Total Current Liabilities (4) |
445.319 |
181.886 |
23.520 |
|
|
|
|
|
|
TOTAL |
914.846 |
553.627 |
200.715 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
261.596 |
265.601 |
25.255 |
|
(ii) Intangible Assets |
2.167 |
0.000 |
|
|
(iii) Capital
work-in-progress |
98.722 |
0.000 |
143.543 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
11.570 |
11.570 |
11.570 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
374.055 |
277.171 |
180.368 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
245.316 |
145.199 |
0.000 |
|
(c) Trade receivables |
202.640 |
42.466 |
0.000 |
|
(d) Cash and cash
equivalents |
29.852 |
20.491 |
16.336 |
|
(e) Short-term loans and
advances |
3.360 |
3.633 |
0.000 |
|
(f) Other current assets |
59.623 |
64.667 |
4.011 |
|
Total Current Assets |
540.791 |
276.456 |
20.347 |
|
|
|
|
|
|
TOTAL |
914.846 |
553.627 |
200.715 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
REVENUE FROM OPERATIONS |
784.209 |
40.799 |
- |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
666.370 |
45.323 |
- |
|
|
Purchases of Stock-in-Trade |
(22.552) |
(19.761) |
- |
|
|
Employees benefits expense |
25.654 |
3.375 |
- |
|
|
Other expenses |
37.965 |
2.722 |
- |
|
|
TOTAL
|
707.437 |
31.659 |
- |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
76.772 |
9.140 |
- |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
36.559 |
3.027 |
- |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
40.213 |
6.113 |
- |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
10.651 |
2.061 |
- |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
29.562 |
4.052 |
- |
|
|
|
|
|
|
|
Less |
TAX |
10.079 |
1.926 |
- |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
19.483 |
2.126 |
- |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
29.65 |
1.00 |
- |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1196.700 |
The above information has been parted by Mr. Subhod (Finance Assistant)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
42.272 |
11.250 |
- |
|
Cash generated from operations |
N.A |
N.A |
- |
|
Net cash flow from operating activity |
(115.205) |
(168.975) |
- |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.48 |
5.21 |
- |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
9.79 |
22.40 |
- |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.67 |
0.75 |
- |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.03 |
- |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.56 |
2.24 |
0.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.21 |
1.52 |
0.87 |
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 |
5.470 |
5.470 |
9.070 |
|
Reserves & Surplus |
101.866 |
103.993 |
191.876 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
30.000 |
0.000 |
|
Net
worth |
107.336 |
139.463 |
200.946 |
|
|
|
|
|
|
long-term borrowings |
69.859 |
231.026 |
257.738 |
|
Short term borrowings |
0.000 |
69.828 |
214.545 |
|
Current maturities of
long-term debts |
0.000 |
11.250 |
42.272 |
|
Total
borrowings |
69.859 |
312.104 |
514.555 |
|
Debt/equity
ratio |
0.651 |
2.238 |
2.561 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
40.799 |
784.209 |
|
|
|
1,822.128 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
40.799 |
784.209 |
|
Profit |
2.126 |
19.483 |
|
|
5.21% |
2.48% |
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 |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
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 |
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 |
NOTE: Registered office of the company has been
shifted from 32, Ezra Street Room No.910, 9th Floor Todi Mension Kolkata-
700001, West Bengal India to the present
address w.e.f. 17.02.2012
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Other Loans and Advances |
|
|
|
From Other Parties |
90.000 |
70.000 |
|
SHORT TERM
BORROWING |
|
|
|
Other Loans and Advance |
|
|
|
Short term loan From other |
70.000 |
0.000 |
|
Total |
160.000 |
70.000 |
|
|
|
|
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10470893 |
17/12/2013 |
90,000,000.00 |
BANK OF BARODA |
MID-CORPORATE,
105, 10TH FLOOR, MAKER CHAMBERS III, NARIMAN POINT,MUMBAI - 400021,
MAHARASHTRA, |
B93782423 |
|
2 |
10469873 |
06/04/2015 * |
670,600,000.00 |
STATE BANK OF
INDIA |
COMMERCIAL
BRANCH (ADVANCE), N.G.N. VAIDYA MARG,, |
C52095312 |
|
3 |
10333794 |
20/12/2012 * |
327,000,000.00 |
STATE BANK OF
INDIA |
COMMERCIAL BRANCH,
N G N VAIDYA MARG,, HORNIMAN CIRCLE, FORT, MUMBAI - 400001, MAHARASHTRA,
INDIA |
B66145988 |
|
4 |
10333866 |
17/12/2013 * |
315,400,000.00 |
STATE BANK OF
INIDA |
COMMERCIAL
BRANCH, 2ND FLOOR, N.G.N. VAIDYA MARG,GATE NO.4, HORNIMAN CIRCLE, FORT, MUMBAI
- 400001, MAHARASHTRA, INDIA |
B93787182 |
FIXED ASSETS
·
Land
·
Factory Building
·
Plant and Machinery
·
Electrical Installation
·
Computers
·
Office Equipment
·
Furniture and Fitting
·
Vehicle
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 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.66.74 |
|
UK Pound |
1 |
Rs.101.36 |
|
Euro |
1 |
Rs.74.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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 |
|
47 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.