MIRA INFORM REPORT
|
Report No. : |
341397 |
|
Report Date : |
18.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
MINDARIKA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B 64/1, Wazirpur Industrial Area, New Delhi – 110052 |
|
Tel. No.: |
91-124-2290693 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
09.11.1995 |
|
|
|
|
Com. Reg. No.: |
55-073692 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.100.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1995PTC073692 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM08065B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM8583F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacture auto electrical switches, dies, fixtures, tools and other automotive components. |
|
|
|
|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1500000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
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Payment Behaviour : |
Slow but correct |
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|
|
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Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company incorporated in the year 1995 having satisfactory track. Profit of the company has continuously declined. However, net worth position of the company is decent. General financial position of the company is normal and acceptable for business dealings. Trade relations are reported as fair. Business is active. Payments terms are reported to be slow but 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
31-03-2015.
INFORMATION DECLINED
MANAGEMENT NON CO-OPERATIVE (91-124-2290693/2290428)
LOCATIONS
|
Registered Office : |
B 64/1, Wazirpur Industrial Area, New Delhi – 110052, India |
|
Tel. No.: |
91-11-27374882 |
|
Fax No.: |
91-11-27372620 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
T 169, MIDC, Bhosari Industrial Area, Pune – 411026, Maharashtra,
India |
|
Tel. No.: |
91-20-27122660 |
|
Fax No.: |
91-20-27122660 |
|
|
|
|
Factory 2 : |
Village Nawada, Fatehpur P O, Sikaderpur Badda, Gurgaon – 122004,
Haryana, India |
|
Tel. No.: |
91-124-2290317/2290319 |
|
Fax No.: |
91-124-2290320 |
DIRECTORS
AS ON 29.08.2014
|
Name : |
Mr. Nirmal Kumar Minda |
|
Designation : |
Managing director |
|
Address : |
J I0/33 DLF Phase-II, Gurgaon - 122002, Haryana, India |
|
Date of Birth/Age : |
17.11.1957 |
|
Date of Appointment : |
09.11.1995 |
|
DIN No.: |
00014942 |
|
|
|
|
Name : |
Takehiko Niwa |
|
Designation : |
Whole-time director |
|
Address : |
A 061 Westeno Hieghts DLF Phase V, Gurgaon - 122009,
Haryana, India |
|
Date of Appointment : |
18.03.2015 |
|
DIN No.: |
07128269 |
|
|
|
|
Name : |
Mr. Anand Kumar Minda |
|
Designation : |
Director |
|
Address : |
N - 2/31, DLF Phase - II, Gurgaon - 122001, Haryana, India |
|
Date of Birth/Age : |
06.04.1952 |
|
Date of Appointment : |
01.01.2003 |
|
DIN No.: |
00007964 |
|
|
|
|
Name : |
Mr. Jaikumar Menon |
|
Designation : |
Director |
|
Address : |
805, Ivory Towers South City-I, Gurgaon - 122001, Haryana,
India |
|
Date of Birth/Age : |
30.04.1960 |
|
Date of Appointment : |
15.07.2013 |
|
DIN No.: |
00292236 |
|
|
|
|
Name : |
Isaki Sugiura |
|
Designation : |
Director |
|
Address : |
1-1-10 Wakamatsu Higashi, Okazaki Aichi, 4440822, Japan |
|
Date of Birth/Age : |
02.06.1961 |
|
Date of Appointment : |
15.07.2013 |
|
DIN No.: |
06631789 |
KEY EXECUTIVES
|
Name : |
Mr. Dinesh Saini |
|
Designation : |
Secretary |
|
Address : |
Kothi No. 448, Sector I, IMT Manesar, Gurgaon - 122050,
Haryana, India |
|
Date of Appointment : |
01.12.2014 |
|
PAN No: |
CEPPS6693A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.08.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Nirmal K. Minda |
3292400 |
32.92 |
|
Tokai Rika Company Limited, Japan |
3700000 |
37.00 |
|
Minda Investments Limited, India |
300000 |
3.00 |
|
Minda Industries Limited, India |
2707600 |
27.08 |
|
Total |
10000000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.08.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
37.00 |
|
Bodies corporate |
30.08 |
|
Directors or relatives of Directors |
32.92 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture auto electrical switches, dies, fixtures,
tools and other automotive components. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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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 : |
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||||||||||||||||||||||
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Facilities : |
(Rs.
In Million)
|
|
Financial Institute: |
|
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
7th Floor, Building No.10, Tower – B, DLF Cyber City
Complex, DLF City, Phase – II, Gurgaon – 122002, Haryana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFD2095B |
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|
|
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Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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|
|
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Enterprises having
substantial interest in the Company: |
|
|
|
|
|
Enterprises in
which directors/members of the Company can
exercise significant influence: |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each
|
Rs.150.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each
|
Rs.100.000
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 |
100.000 |
100.000 |
100.000 |
|
(b) Reserves & Surplus |
424.392 |
389.098 |
365.543 |
|
(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) |
524.392 |
489.098 |
465.543 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
54.542 |
119.577 |
174.422 |
|
(b) Deferred tax liabilities
(Net) |
29.792 |
42.953 |
37.991 |
|
(c) Other long term
liabilities |
53.477 |
28.826 |
16.757 |
|
(d) long-term provisions |
29.767 |
28.842 |
10.283 |
|
Total
Non-current Liabilities (3) |
167.578 |
220.198 |
239.453 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
336.719 |
329.966 |
231.537 |
|
(b) Trade payables |
534.347 |
617.662 |
610.559 |
|
(c) Other current liabilities |
158.738 |
158.838 |
187.993 |
|
(d) Short-term provisions |
32.873 |
43.158 |
48.856 |
|
Total
Current Liabilities (4) |
1062.677 |
1149.624 |
1078.945 |
|
|
|
|
|
|
TOTAL |
1754.647 |
1858.920 |
1783.941 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
728.637 |
742.290 |
715.282 |
|
(ii) Intangible Assets |
21.057 |
26.807 |
36.466 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
31.302 |
26.320 |
37.016 |
|
(e) Other Non-current assets |
0.351 |
20.496 |
20.018 |
|
Total
Non-Current Assets |
781.347 |
815.913 |
808.782 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
442.079 |
489.928 |
426.051 |
|
(c) Trade receivables |
413.142 |
404.214 |
391.147 |
|
(d) Cash and cash equivalents |
21.039 |
18.553 |
22.249 |
|
(e) Short-term loans and
advances |
92.229 |
108.745 |
130.032 |
|
(f) Other current assets |
4.811 |
21.567 |
5.680 |
|
Total
Current Assets |
973.300 |
1043.007 |
975.159 |
|
|
|
|
|
|
TOTAL |
1754.647 |
1858.920 |
1783.941 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Net Sales |
3852.990 |
3898.080 |
3202.690 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
53.930 |
73.130 |
77.970 |
|
|
|
|
|
|
|
Less |
TAX |
18.640 |
32.030 |
19.520 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
35.290 |
41.100 |
58.450 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
102.198 |
70.045 |
75.492 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
1036.746 |
1214.023 |
954.035 |
|
|
Capital Goods |
27.873 |
27.500 |
56.891 |
|
|
Others |
5.891 |
4.651 |
7.760 |
|
|
TOTAL
IMPORTS |
1070.510 |
1246.174 |
1018.686 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
3.53 |
4.11 |
NA |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
48.342 |
65.723 |
63.751 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
212.557 |
116.466 |
196.908 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.92 |
1.05 |
1.83 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.07 |
3.93 |
4.37 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.15 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.84 |
1.05 |
1.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.92 |
0.91 |
0.90 |
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 |
100.000 |
100.000 |
100.000 |
|
Reserves & Surplus |
365.543 |
389.098 |
424.392 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
465.543 |
489.098 |
524.392 |
|
|
|
|
|
|
long-term borrowings |
174.422 |
119.577 |
54.542 |
|
Short term borrowings |
231.537 |
329.966 |
336.719 |
|
Current maturities of
long-term debts |
63.751 |
65.723 |
48.342 |
|
Total
borrowings |
469.710 |
515.266 |
439.603 |
|
Debt/Equity
ratio |
1.009 |
1.054 |
0.838 |
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) |
|
Net Sales |
3202.690 |
3898.080 |
3852.990 |
|
|
|
21.713 |
-1.157 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Net Sales |
3202.690 |
3898.080 |
3852.990 |
|
Profit |
58.450 |
41.100 |
35.290 |
|
|
1.83% |
1.05% |
0.92% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
NOTE: Registered office of the company has been
shifted from B-73, Wazirpur, Industrial Area, Delhi – 110052, India to the present address w.e.f. 31.07.2007
PERFORMANCE:
During the year the company has achieved net sales of Rs. 3852.990 million (previous year Rs. 3898.080 million), recording a decline of 1% over the last year. The profit after tax for the financial year ended on March 31, 2014 is Rs. 35.290 million (previous year Rs. 41.100 million).
GENERAL INFORMATION
The Company, was incorporated on November 9, 1995 to manufacture auto electrical switches, dies, fixtures, tools and other automotive components.
The accompanying financial statements reflect the results of the activities undertaken by the Company during the year ended March 31, 2013.
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10561015 |
26/03/2015 |
248,000,000.00 |
STANDARD CHARTERED BANK |
(ACTING AS AN
SECURITY AGENT) CDU,, NARAIN MANZIL |
C49913965 |
|
2 |
10409502 |
28/02/2013 |
50,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMI |
BIRLA TOWERS, 25,
BARAKHAMBA ROAD,, NEW DELHI, DE |
B69974004 |
|
3 |
10383134 |
04/09/2012 |
20,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B60762242 |
|
4 |
10305640 |
02/09/2011 |
50,000,000.00 |
STANDARD CHARTERED BANK |
CREDIT RISK
CONTROL, NARAIN MANZIL, 23 BARAKHAMBA |
B20251542 |
|
5 |
10271174 |
01/09/2011 * |
184,000,000.00 |
STANDARD CHARTERED BANK (ACTING AS AN SECURITY AGE |
CREDIT RISK
CONTROL, NARAIN MANZIL, 23 BARAKHAMBA |
B19950245 |
|
6 |
10241301 |
03/09/2010 |
9,540,000.00 |
MARUTI SUZUKI INDIA LIMITED |
PLOT NO.1,NELSON
MANDELA ROAD, VASANT KUNJ, NEW D |
A95282141 |
|
7 |
10246894 |
03/09/2010 |
12,800,000.00 |
MARUTI SUZUKI INDIA LIMITED |
PLOT NO.1,NELSON
MANDELA ROAD, VASANT KUNJ, NEW D |
A97089650 |
|
8 |
10190849 |
21/12/2009 |
11,220,000.00 |
VOLKSWAGEN INDIA PRIVATE LIMITED |
E -1, MIDC
INDUSTRIAL AREA PHASE III, VILLAGE NIG |
A75306472 |
|
9 |
10170838 |
24/09/2008 |
70,000,000.00 |
MIZUHO CORPORATE BANK LIMITED |
4TH FLOOR, EAST
TOWER, SOOD TOWER, 25, BARAKHAMBA |
A53706875 |
|
10 |
10119895 |
28/08/2008 |
3,150,000.00 |
MARUTI SUZUKI INDIA LIMITED |
11 TH FLOOR JEEVAN
PRAKASH 25 KASTURBA, GANDHI |
A44836146 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
Intangible assets
- Computer software
- Know-how
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.66.50 |
|
UK Pound |
1 |
Rs.101.99 |
|
Euro |
1 |
Rs.75.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
44 |
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.