MIRA INFORM REPORT
|
Report No. : |
342059 |
|
Report Date : |
19.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
SOLUFEED PLANT PRODUCTS AND SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Dr. Savkar Accident Hospital, Behind Thorat Hall, Lokmanyanagar, |
|
Tel. No.: |
91-253-2576254/ 2316626 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
15.10.1998 |
|
|
|
|
Com. Reg. No.: |
11-139715 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.16.110 Million |
|
|
|
|
IEC No.: |
3198007887 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24210MH1998PTC139715 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NSKS03781B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECS0467Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Trader and Importer of Saluable Specialty Fertilizers. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
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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|
|
Comments : |
Subject is an established company incorporated in the year 1998 having
satisfactory track record. The company is progressing well. It has achieved a decent turnover and
good profit margin during the financial year 2014. General financial position of the company is normal acceptable for
business dealings. Trade relations are reported as fair. Business is active. Payments
terms are as usually correct and as per commitment. 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.
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 PARTED BY
|
Name : |
Mr. Ram Kulkarni |
|
Designation : |
Chief Financial Officer |
|
Contact No.: |
91-253-2576254 |
|
Date : |
14.09.2015 |
LOCATIONS
|
Registered Office : |
Dr. Savkar Accident Hospital, Behind Thorat Hall, Lokmanyanagar, |
|
Tel. No.: |
91-253-2576254/ 2316626 |
|
Fax No.: |
91-253-2316626 |
|
E-Mail : |
|
|
Area : |
Owned |
|
|
|
|
Branches/ Warehouse : |
Located At:
|
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Vishwas Vithalrao Savkar |
|
Designation : |
Director |
|
Address : |
Dr. |
|
Date of Birth/Age : |
10.10.1950 |
|
Date of Appointment : |
23.10.1998 |
|
DIN No.: |
01754370 |
|
|
|
|
Name : |
Mr. Vikrant Vishwas Savkar |
|
Designation : |
Managing Director |
|
Address : |
Dr. |
|
Date of Birth/Age : |
13.09.1974 |
|
Date of Appointment : |
01.04.2007 |
|
DIN No.: |
01836614 |
|
|
|
|
Name : |
Ms. Sarla Vishwas Savkar |
|
Designation : |
Director |
|
Address : |
Dr. |
|
Date of Birth/Age : |
03.01.1955 |
|
Date of Appointment : |
31.03.2003 |
|
DIN No.: |
01613621 |
KEY EXECUTIVES
|
Name : |
Mr. Ram Kulkarni |
|
Designation : |
Chief Financial Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Name
of Shareholders |
No.
of Shares |
%age |
|
Vishwas V Savkar |
220,000 |
88.00 |
|
Vikrant V Savkar |
29333 |
11.73 |
|
Sarla Savkar |
500 |
0.20 |
|
Rasika V Savkar |
166 |
0.07 |
|
TOTAL |
249999 |
100.00 |
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Saluable Specialty Fertilizers. |
|
|
|
|
Products : |
·
Water Soluble Fertilizers ·
Water Soluble NPK Fertilizers ·
Natural Organic Fertilizers ·
Soluble Seaweed Extract Powders ·
Soluble Amino Acids Powders ·
Soluble Potassium Humate Powders ·
Soluble Fulvic Acid Powders ·
Solufeed Chelated Micronutrients ·
Solufeed Bentonite Sulphurs ·
Chelated Micronutrient Mixtures ·
Water Soluble Boropns ·
Sprey Adjuvant |
|
|
|
|
Brand Names : |
Not Available |
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|
|
|
Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
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Products : |
Finished Goods |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers and Manufacturer
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No. of Employees : |
50 (Approximately) |
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Bankers : |
·
Union Bank of India, Nashik City Branch,
422/23, Mahatma Gandhi Road,
Nashik-422001, Maharashtra, India ·
Bank of ·
ICICI Bank Limited ·
HDFC Bank |
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Facilities : |
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Auditors : |
|
|
Name : |
Amol Kamat and Company Chartered Accountants |
|
Address : |
1st Floor, Shree Ganpati Sankul, Gharpure Ghat, Ashok
Stambh, Nashik-422002, Maharashtra, India |
|
Tel. No.: |
91-253-2572160 |
|
E-Mail : |
|
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PAN N Income-tax PAN of auditor or auditor's firm : |
AISPK2663D |
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|
|
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Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
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|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital : Rs. Not Available
Issued, Subscribed & Paid-up Capital : Rs.16.110
Million
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
249999 |
Equity Shares |
Rs.10/- each |
Rs.2.500
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 |
2.500 |
2.500 |
2.500 |
|
(b) Reserves & Surplus |
13.610 |
9.849 |
6.836 |
|
(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) |
16.110 |
12.349 |
9.336 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.248 |
1.058 |
3.156 |
|
(b) Deferred tax liabilities
(Net) |
0.050 |
0.053 |
0.010 |
|
(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) |
1.298 |
1.111 |
3.166 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
20.847 |
15.199 |
11.500 |
|
(b) Trade payables |
7.824 |
5.309 |
10.798 |
|
(c) Other current liabilities |
0.890 |
0.855 |
0.58 |
|
(d) Short-term provisions |
3.911 |
2.225 |
3.923 |
|
Total
Current Liabilities (4) |
33.472 |
23.588 |
26.801 |
|
|
|
|
|
|
TOTAL |
50.880 |
37.048 |
39.303 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
8.349 |
7.503 |
9.645 |
|
(ii) Intangible Assets |
0.007 |
0.011 |
0.019 |
|
(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 |
0.214 |
0.214 |
0.395 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and
Advances |
0.149 |
0.124 |
0.124 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
8.719 |
7.852 |
10.183 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.840 |
2.122 |
|
(b) Inventories |
23.442 |
17.389 |
17.059 |
|
(c) Trade receivables |
6.576 |
2.265 |
3.016 |
|
(d) Cash and cash equivalents |
6.882 |
3.922 |
5.701 |
|
(e) Short-term loans and
advances |
5.261 |
4.780 |
1.222 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
42.161 |
29.196 |
29.120 |
|
|
|
|
|
|
TOTAL |
50.880 |
37.048 |
39.303 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
TOTAL REVENUE |
115.661 |
94.545 |
79.126 |
|
|
|
|
|
|
|
Less |
TOTAL
EXPENSES |
110.075 |
86.574 |
73.137 |
|
|
|
|
|
|
|
|
[Including Financial |
7.971 |
5.989 |
|
|
|
|
And |
|
|
|
Less |
FINANCIAL
EXPENSES |
Depreciation] |
2.614 |
2.199 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
5.357 |
3.790 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
0.877 |
0.858 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
5.586 |
4.480 |
2.932 |
|
|
|
|
|
|
|
Less |
TAX |
1.825 |
1.468 |
1.232 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
3.761 |
3.012 |
1.700 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
15.04 |
12.05 |
6.80 |
Expected Sales (2015-2016) : Rs.160.000 Million
The above information has been parted by Mr. Ram Kulkarni (Chief
Financial Officer)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.25 |
3.19 |
2.15 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.03 |
12.16 |
7.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35 |
0.36 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.37 |
1.32 |
1.57 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26 |
1.24 |
1.09 |
PROVISIONAL BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2015 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
16.110 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
15.546 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
31.656 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
3.250 |
|
|
2] Unsecured Loans |
|
|
4.940 |
|
|
TOTAL BORROWING |
|
|
8.190 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
39.846 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
8.832 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.220 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
39.332
|
|
|
Deposits |
|
|
1.404
|
|
|
Loans and Advances |
|
|
3.687
|
|
|
Sundry Debtors |
|
|
11.711
|
|
|
Cash in Hand |
|
|
0.012
|
|
|
Bank Accounts |
|
|
6.488
|
|
|
Prepaid Insurance |
|
|
0.109
|
|
|
Reimbursable Tds on interest |
|
|
0.047
|
|
|
Advance Tax |
|
|
2.850
|
|
|
Advance to Staff |
|
|
0.052
|
|
|
Income Tax Refund Receivable |
|
|
0.269
|
|
Total
Current Assets |
|
|
65.961
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
10.081
|
|
|
Duties and Taxes |
|
|
0.130
|
|
|
Deposits Liabilities |
|
|
0.953
|
|
|
Provisions |
|
|
1.572
|
|
|
Bank OD A/C |
|
|
22.342
|
|
|
Deferred Tax Liability |
|
|
0.089
|
|
Total
Current Liabilities |
|
|
35.167
|
|
|
Net Current Assets |
|
|
30.794
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
39.846 |
|
PROVISIONAL PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2015 |
|
|
|
|
|
|
|
|
SALES |
|
|
132.313 |
|
|
Indirect Income |
|
|
0.343 |
|
|
TOTAL |
|
|
132.656 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Goods Sold |
|
|
75.942 |
|
|
Insurance |
|
|
0.261 |
|
|
Rent |
|
|
1.613 |
|
|
Depreciation |
|
|
1.019 |
|
|
Directors Remuneration |
|
|
4.146 |
|
|
Financial Expenses |
|
|
4.563 |
|
|
Interest on Statutory Dues |
|
|
0.098 |
|
|
Legal and Statutory Expenses |
|
|
0.466 |
|
|
Office and Administrative
Expenses |
|
|
9.004 |
|
|
Old PF |
|
|
0.809 |
|
|
Power and Fuel Expenses |
|
|
0.802 |
|
|
Repairs and Maintenance |
|
|
0.426 |
|
|
Sales and Distribution
Expenses |
|
|
1.483 |
|
|
Sales Promotion Expenses |
|
|
5.033 |
|
|
Travelling and Conveyance |
|
|
1.279 |
|
|
Bad Debts |
|
|
0.776 |
|
|
Consultancy Charges |
|
|
0.337 |
|
|
Depot Charges |
|
|
0.032 |
|
|
Employers Contribution PF |
|
|
0.403 |
|
|
Food and Beverages Expenses |
|
|
0.445 |
|
|
Foreign Tours Expenses |
|
|
0.079 |
|
|
Labour Charges |
|
|
0.051 |
|
|
Medical Reimbaurment |
|
|
0.001 |
|
|
Others |
|
|
(0.087) |
|
|
PF Administrative Charges |
|
|
0.036 |
|
|
Provision for Income Tax |
|
|
0.038 |
|
|
Reimbursement of Expenses |
|
|
0.005 |
|
|
RTO Registration Charges |
|
|
0.251 |
|
|
Short/excess Payment |
|
|
0.001 |
|
|
VAT Reduction |
|
|
0.024 |
|
|
Packaging Expenses |
|
|
0.863 |
|
|
Material Import Expenses |
|
|
6.636 |
|
|
Material Inwards Expenses |
|
|
0.001 |
|
|
Transport and Octroi Charges |
|
|
0.005 |
|
|
LBT Tax |
|
|
0.025 |
|
|
Forex Exchange Diff |
|
|
0.244 |
|
|
TOTAL
|
|
|
117.110 |
|
|
|
|
|
|
|
|
NET PROFIT FOR THE YEAR |
|
|
15.546 |
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 |
2.500 |
2.500 |
2.500 |
|
Reserves & Surplus |
6.836 |
9.849 |
13.610 |
|
Net worth |
9.336 |
12.349 |
16.110 |
|
long-term borrowings |
3.156 |
1.058 |
1.248 |
|
Short term borrowings |
11.500 |
15.199 |
20.847 |
|
Total
borrowings |
14.656 |
16.257 |
22.095 |
|
Debt/Equity
ratio |
1.570 |
1.316 |
1.372 |
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 |
79.126 |
94.545 |
115.661 |
|
|
|
19.487 |
22.334 |
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 |
79.126 |
94.545 |
115.661 |
|
Profit |
1.700 |
3.012 |
3.761 |
|
|
2.15% |
3.19% |
3.25% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
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 |
FINANCIAL RESULTS AND
FUTURE PROSPECTS
During the year, the company achieved a turnover of Rs.115.600 Million as compared to Rs.94.500 Million. in the preceding year. Company achieved profit after tax of Rs.376.100 Million as compared to Rs.3.012 Million. The increase in the turnover and the profits of the Company is due to a considerable increase in the Sales of the Company. The Board of Directors is exploring more business opportunities to increase the business and also to increase the profitability of the Company.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
From Other
Parties |
|
|
|
Religare Finvest Limited # XSMENAS00019508 |
0.000 |
0.610 |
|
Loans From Directors |
3.322 |
0.000 |
|
|
|
|
|
Total |
3.322 |
0.610 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10355204 |
06/09/2014 * |
71,500,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
SHOP NO. 1-2,
KESHAR PLAZA, NEAR MAULI LAWNS, KAM |
C21681226 |
FIXED ASSETS
·
Computer
·
Software
·
Fax Machine
·
Car Tape
·
EPABX System
·
CUPBOARDS
·
Furniture and Fixtures
·
Pallets
·
Weighing Scale
·
Sewing Machine
·
Motor Cycle
·
Sealing Machine
·
Motor Vehicles
·
Water Filter
·
Fan
·
Air Conditioner
·
Shop
·
Cylender
·
Vertical Searling Machine
·
Stabiliser
·
Cash Counting Machine
·
Telephone Handset
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.92 |
|
|
1 |
Rs.102.75 |
|
Euro |
1 |
Rs.75.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SUD |
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 |
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.