MIRA INFORM REPORT

 

 

Report No. :

338925

Report Date :

08.09.2015

 

IDENTIFICATION DETAILS

 

Name :

MUDRIKA LABELS PRIVATE LIMITED

 

 

Registered Office :

18/20, Nirman Industrial Estate, Linking Road, Chincholi, Malad (West), Mumbai-400064, Maharashtra

Tel. No.:

91-250-3292220

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

24.01.1997

 

 

Com. Reg. No.:

11-105389

 

 

Capital Investment / Paid-up Capital :

Rs. 4.361 Million

 

 

CIN No.:

[Company Identification No.]

U22219MH1997PTC105389

 

 

IEC No.:

Not Available

 

 

TIN No.:

27620002614

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMM22475F

MUMM15946A

 

 

PAN No.:

[Permanent Account No.]

AABCM5217D

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is engaged in Manufacturer and Exporter of Labels and Stickers, Cartons, Posters, Dangler, Catalogues, Publicity Products, Cartons, Corrugated Boxes etc.

 

 

No. of Employees :

Information declined by the management 

 

 

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

 

Maximum Credit Limit :

USD 320000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company incorporated in the year 1997 having a satisfactory track record.

 

Available financial indicates company sound financial risk profile marked by healthy net worth position with low borrowings and good profitability of the company.

 

Trade relations are reported as fair. Business is active. Payments terms are reported to be usually correct.

 

In view of long track record and acceptable financial base, the company can be considered normal 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)

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

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 DENIED BY

 

Name :

Madam Kavita

Designation :

Account Departments

Contact No.:

91-22-67294500

Date :

03.09.2015

 

 

LOCATIONS

 

Registered Office :

18/20, Nirman Industrial Estate, Linking Road, Chincholi, Malad (West), Mumbai-400064, Maharashtra, India

Tel. No.:

91-22-66784500

Fax No.:

91-22-67294528

E-Mail :

accounts@mudrikalabels.com

 

 

Factory 1 :

Real Building No. 6, Gala No. 9 and 10, Prime Industrial Complex, Sativali Road, Sativali, Vasai (East) – 401208, Thane, Maharashtra, India

Tel No.:

91-250-3290220

 

 

Factory 2 :

Unit 8, 10-B, Survey No. 80, Hissa No. 1 and 2, Sativali Road, Near Blue Chip Industrial Estate, Vasai (East) - 401208, Thane, Maharashtra, India

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Mr. Vipul Rajnikant Desai

Designation :

Director

Address :

45, Radhika Niwas, Sir M V Road, Andheri (East), Mumbai-400069, Maharashtra, India

Date of Birth/Age :

14.10.1965

Qualification :

Environmental Engineer

Date of Appointment :

24.01.1997

DIN No.:

00063616

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U21098MH1995PTC090149

MUDRA ARTS (INDIA) PRIVATE LIMITED

Director

30/06/1995

30/06/1995

-

Active

NO

2

U22219MH1997PTC105389

MUDRIKA LABELS PRIVATE LIMITED

Director

24/01/1997

24/01/1997

-

Active

NO

3

U51491MH2000PTC236221

SURAJ DEALERS PRIVATE LIMITED

Director

1/4/2004

1/4/2004

-

Active

NO

4

U15209MH1996PTC236222

BEAUTY COMMERCIAL COMPANY PRIVATE LIMITED

Director

8/2/2006

8/2/2006

-

Active

NO

5

U51109WB1994PTC066481

WHITE-UP COMMODITIES PRIVATE LIMITED

Director

14/04/2010

14/04/2010

-

Active

NO

6

U22300MH2011PTC220664

MUDRIKA SANG BONG FOILS (INDIA) PRIVATE LIMITED

Director

8/8/2011

8/8/2011

-

Active

NO

 

 

Name :

Mr. Manish Rajnikant Desai

Designation :

Director

Address :

45, Radhika Niwas, Sir M V Road, Andheri (East), Mumbai-400069, Maharashtra, India

Date of Birth/Age :

11.08.1968

Qualification :

B. Com

Date of Appointment :

24.01.1997

DIN No.:

00063631

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U21098MH1995PTC090149

MUDRA ARTS (INDIA) PRIVATE LIMITED

Director

30/06/1995

30/06/1995

-

Active

NO

2

U22219MH1997PTC105389

MUDRIKA LABELS PRIVATE LIMITED

Director

24/01/1997

24/01/1997

-

Active

NO

3

U74999MH2002NPL136516

LABEL MANUFACTURERS ASSOCIATION OF INDIA

Director

16/07/2002

16/07/2002

-

Active

NO

4

U51491MH2000PTC236221

SURAJ DEALERS PRIVATE LIMITED

Director

1/4/2004

1/4/2004

-

Active

NO

5

U15209MH1996PTC236222

BEAUTY COMMERCIAL COMPANY PRIVATE LIMITED

Director

8/2/2006

8/2/2006

-

Active

NO

6

U29309WB1985PTC188961

KEYEL ELECTRONICS PRIVATE LIMITED

Director

3/4/2007

3/4/2007

-

Active

NO

7

U51109WB1994PTC066481

WHITE-UP COMMODITIES PRIVATE LIMITED

Director

14/04/2010

14/04/2010

-

Active

NO

8

U22300MH2011PTC220664

MUDRIKA SANG BONG FOILS (INDIA) PRIVATE LIMITED

Director

8/8/2011

8/8/2011

-

Active

NO

 

 

Name :

Mr. Sandeep Manubhai Kadakia

Designation :

Director

Address :

1201, Adarsh Heights, Adarsh Vihar Complex, Marve Road, Malad (West), Mumbai-400064, Maharashtra, India

Date of Birth/Age :

01.08.19555

Qualification :

BSC

Date of Appointment :

24.01.1997

DIN No.:

00193587

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U22219MH1997PTC105389

MUDRIKA LABELS PRIVATE LIMITED

Director

24/01/1997

24/01/1997

-

Active

NO

2

U51491MH2000PTC236221

SURAJ DEALERS PRIVATE LIMITED

Director

1/4/2004

1/4/2004

-

Active

NO

3

U51109WB1994PTC066481

WHITE-UP COMMODITIES PRIVATE LIMITED

Director

14/04/2010

14/04/2010

-

Active

NO

4

U22300MH2011PTC220664

MUDRIKA SANG BONG FOILS (INDIA) PRIVATE LIMITED

Director

8/8/2011

8/8/2011

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Madam Kavita

Designation :

Account Departments

 

 

MAJOR SHAREHOLDERS

 

AS ON 30.09.2014

 

Names of Shareholders

 

No. of Shares

Sandeep Manubhai Kadakia

 

8780

Vipul Rajnikant Desai

 

8780

Manish Rajnikant Desai

 

8780

Suraj Dealers Private Limited, India

 

6000

Rajnikant Desai

 

10

Vipul Rajnikant Desai HUF

 

10

Keyal Electronics Private Limited, India

 

7250

White Up Commodities Private Limited, India

 

4000

Total

 

43610

 

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 30.09.2014

 

Category

Percentage

Bodies corporate

39.56

Directors or relatives of Directors

60.42

Other top fifty shareholders

0.02

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in Manufacturer and Exporter of Labels and Stickers, Cartons, Posters, Dangler, Catalogues, Publicity Products, Cartons, Corrugated Boxes etc.

 

 

Products :
  • Labels and Stickers
  • Cartons
  • Posters
  • Dangler
  • Catalogues
  • Publicity Products
  • Cartons
  • Corrugated Boxes etc.

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

Information declined by the management 

 

 

Bankers :

Banker Name

The Saraswat Co-Operative Bank Limited

Branch Address

Malad (West) Branch, Malad, Mumbai-400064, Maharashtra, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

(Rs. In Million)

 

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Term Loans

8.209

5.675

Total

8.209

5.675

 

Auditors :

 

Name :

Bharat P. Shah and Company

Chartered Accountants

Address :

159/4, Smruti, Jawahar Nagar, Road No. 2, Goregaon (West), Mumbai-400062, Maharashtra, India

Tel. No.:

91-22-28767488/28737904

Mobile No.:

91-9892166440

PAN N Income-tax PAN of auditor or auditor's firm :

AAFPS4384J

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Enterprises Owned or Significantly influenced by key management personnel or their relatives:
  • Venus Arts
  • Multivision Packaging
  • V-Tech
  • Online Labels
  • Mudra Arts
  • Mudra Arts (India) Private Limited
  • Keyal Electronics Private Limited, India
  • White Up Commodities Private Limited, India

 

 

CAPITAL STRUCTURE

 

AS ON 30.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

75000

Equity Shares

Rs.100/- each

Rs.7.500 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

43610

Equity Shares

Rs.100/- each

Rs.4.361 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

4.361

4.361

4.361

(b) Reserves & Surplus

109.098

101.093

93.827

(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)

113.459

105.454

98.188

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

23.792

25.323

23.138

(b) Deferred tax liabilities (Net)

3.631

3.535

3.961

(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)

27.423

28.858

27.099

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

1.827

1.658

4.844

(b) Trade payables

92.927

63.833

50.194

(c) Other current liabilities

23.755

14.980

8.574

(d) Short-term provisions

0.000

0.000

0.000

Total Current Liabilities (4)

118.509

80.471

63.612

 

 

 

 

TOTAL

259.391

214.783

188.899

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

59.944

55.929

61.783

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

18.031

1.993

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

30.083

32.674

7.470

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

2.600

3.399

3.792

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

110.658

93.995

73.045

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

29.065

21.758

10.792

(c) Trade receivables

80.796

66.180

55.518

(d) Cash and cash equivalents

35.410

29.216

28.770

(e) Short-term loans and advances

3.462

3.634

20.774

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

148.733

120.788

115.854

 

 

 

 

TOTAL

259.391

214.783

188.899

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

289.550

247.697

237.871

 

Other Income

2.865

3.713

2.752

 

TOTAL

289.550

247.697

237.871

 

 

 

 

 

Less

TOTAL EXPENSES

266.273

226.840

NA 

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

26.142

24.570

NA 

 

 

 

 

 

Less

FINANCIAL EXPENSES

4.301

4.696

NA 

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

21.841

19.874

NA 

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

9.127

9.420

NA 

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

12.714

10.454

NA 

 

 

 

 

 

Less

TAX

4.032

3.188

NA 

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

8.682

7.266

8.077

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

19.9

16.7

18.5

 

 

 

 

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

6.853

5.851

6.105

Cash generated from operations

NA 

NA 

NA 

Net cash flows from (used in) operations

NA 

NA 

NA 

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

3.00

1.29

3.40

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

9.03

9.92

NA 

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

6.02

5.80

NA 

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.11

0.10

NA 

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.28

0.32

0.28

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.26

1.50

1.82

 

 

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

4.361

4.361

4.361

Reserves & Surplus

93.827

101.093

109.098

Net worth

98.188

105.454

113.459

 

 

 

 

long-term borrowings

23.138

25.323

23.792

Short term borrowings

4.844

1.658

1.827

Current maturities of long-term debts

0.000

0.000

0.000

Total borrowings

27.982

26.981

25.619

Debt/Equity ratio

0.285

0.256

0.226

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

237.871

247.697

289.550

 

 

4.131

16.897

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

237.871

247.697

289.550

Profit

8.077

7.266

8.682

 

3.40%

2.93%

3.00%

 

 

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

 

OVERVIEW OF BUSINESS:

 

Subject is a leading Manufacturer and Exporter of Labels and Stickers, Cartons, Posters, Dangler, Catalogues, Publicity Products, Cartons, Corrugated Boxes etc.

 

FUTURE OUTLOOK

 

The management has demonstrated its Long Term Vision and commitment to current deliverables. The company is poised to build its strengths while ensuring maximization of shareholders wealth.

 

 

UNSECURED LOAN

 

(Rs. In Million)

Particulars

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Corporate Deposit

15.583

19.699

SHORT TERM BORROWING

 

 

Loan from Directors

1.827

1.658

Total

17.410

21.357

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10570326

13/05/2015

15,000,000.00

THE SARASWAT COOPERATIVE BANK LIMITED

SME VILE PARLE BRANCH, BHOLANATH CO-OP HSG SOC, S 
UBHASH ROAD, VILE PARLE EAST, MUMBAI, MAHARASHTRA 
- 400057, INDIA

C54111646

2

10539585

17/12/2014

43,500,000.00

THE SARASWAT CO-OP BANK LIMITED

SME VILE PARLE BRANCH, BHOLANATH CO-OP HSG SOC, S 
UBHASH ROAD, VILE PARLE EAST, MUMBAI, MAHARASHTRA 
- 400057, INDIA

C38615258

3

10289204

31/05/2011

10,000,000.00

THE SARASWAT COOPERATIVE BANK LIMITED

SME VILE PARLE BRANCH, BHOLANATH CO-OP HSG SOC, S 
UBHASH ROAD, VILE PARLE EAST, MUMBAI, MAHARASHTRA 
- 400057, INDIA

B13882261

4

10193820

16/12/2009

19,000,000.00

THE SARASWAT COOPERATIVE BANK LIMITED

SME VILE PARLE BRANCH, BHOLANATH CO-OP HSG SOC, S 
UBHASH ROAD, VILE PARLE EAST, MUMBAI, MAHARASHTRA 
- 400057, INDIA

A76405505

5

10138604

30/12/2008

5,000,000.00

THE SARASWAT CO-OP BANK LIMITED

MALAD BRANCH,MALAD WEST, MUMBAI, MAHARASHTRA - 400064, INDIA

A55073282

6

10129626

23/10/2008

6,500,000.00

THE SARASWAT CO-OP BANK LIMITED

MALAD BRANCH,MALAD WEST, MUMBAI, MAHARASHTRA - 400064, INDIA

A50640796

7

10022026

04/10/2006

6,900,000.00

THE SARASWAT CO-OPERATIVE BANK LIMITED

MALAD (W) BRANCH, MALAD, MUMBAI, MAHARASHTRA - 400064, INDIA

A05511456

8

90158432

01/02/2005 *

4,000,000.00

THE SARASWAT CO-OPERATIVE BANK LIMITED

MALAD BRANCH, OPP. KASTURBA TALKIES; SAINATH ROAD 
MALAD WEST, MUMBAI, MAHARASHTRA - 400064, INDIA

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FIXED ASSETS

 

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.66.74

UK Pound

1

Rs.101.36

Euro

1

Rs.74.27

 

 

INFORMATION DETAILS

 

Information Gathered by :

PRT

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

GTA

 

 

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

--PROFITABILITY

1~10

5

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--RESERVES

1~10

6

--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

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.