MIRA INFORM REPORT
|
Report No. : |
341933 |
|
Report Date : |
23.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
PRAGATI AROMA OIL DISTILLERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Room No. 6, 2nd Floor, Anand Bhavan,17 Baba Genu Road,
Princess Street, Mumbai-400002, Maharashtra |
|
Tel. No.: |
91-22-40294044 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
10.08.1989 |
|
|
|
|
Com. Reg. No.: |
11-053946 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 46.685 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299MH1989PTC053946 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Perfumery Compound and Generation and
Supply of Electricity. |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Rating takes into consideration sound financial risk profile of the
company marked by adequate networth base and comfortable gearing in FY14. Management has reported slight decrease in its net profit in the year
under consideration. 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.
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2015.
INFORMATION DENIED BY
|
Name : |
Mr. Mehul |
|
Designation : |
Chief Accountant |
|
Contact No.: |
91-22-40294044 |
|
Date : |
21.09.2015 |
LOCATIONS
|
Registered Office : |
Room No. 6, 2nd Floor, Anand Bhavan,17 Baba Genu Road,
Princess Street, Mumbai-400002, Maharashtra, India |
|
Tel. No.: |
91-22-40294044 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Factory 1: |
75/7/1, Silvassa Naroli Road, Near Athal Weigh Bridge,
Silvassa-396230, Dadra and Nagar Haveli, Union Territories, India |
|
|
|
|
Factory 2: |
Nilakkottai, Dindigul District, Tamilnadu, India |
DIRECTORS
AS ON: 30.09.2014
|
Name : |
Mr. Prabhat Chandra Sawailal Jain |
|
Designation : |
Managing Director |
|
Address : |
5th Floor, Vatsalya, Plot No. 43, Hatkesh CHS, N S Road No.
6, JVPD Scheme, Vile Parle (West), Mumbai – 400056, Maharashtra, India. |
|
Date of Birth/Age : |
20.06.1957 |
|
Date of Appointment : |
01.05.2006 |
|
PAN No: |
AAKPJ3257E |
|
DIN No.: |
01803686 |
|
|
|
|
Name : |
Mr. Pankaj Sawailal Jain |
|
Designation : |
Director |
|
Address : |
F-1008, 10th Floor, Kamala Vihar, Plot No. 94,97,98, Dhanukar
Wadi, Mumbai-400067, Maharashtra, India |
|
Date of Birth/Age : |
25.01.1954 |
|
Date of Appointment : |
01.05.2006 |
|
PAN No: |
AAKPJ3258M |
|
DIN No.: |
03381992 |
|
|
|
|
Name : |
Mr. Pushpraj Sawailal Jain |
|
Designation : |
Director |
|
Address : |
1st Floor, Vatsalya, Plot No. 43, Hatkesh CHS, N S Road No.
6, JVPD Scheme, Vile Parle (West), Mumbai – 400056, Maharashtra, India. |
|
Date of Birth/Age : |
01.03.1956 |
|
Date of Appointment : |
04.04.2005 |
|
PAN No: |
AACPJ4850D |
|
DIN No.: |
01803678 |
|
|
|
|
Name : |
Mr. Atulkumar Sawailal Jain |
|
Designation : |
Director |
|
Address : |
2nd Floor, Vatsalya, Plot No. 43, Hatkesh CHS, N S Road No.
6, JVPD Scheme, Vile Parle (West), Mumbai – 400056, Maharashtra, India. |
|
Date of Birth/Age : |
01.01.1965 |
|
Date of Appointment : |
04.04.2005 |
|
PAN No: |
AAAPJ8169P |
|
DIN No.: |
06769396 |
KEY EXECUTIVES
|
Name : |
Mr. Mehul |
|
Designation : |
Chief Accountant |
|
|
|
|
Name : |
Urvashi Gupta |
|
Designation : |
Practicing Company Secretary |
|
Address : |
Dakshindari Road, Kolkata – 700048, West Bengal, India |
|
Mobile. No: |
91-9831392136 |
|
E-Mail: |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Pankaj Jain and Padma P Jain |
|
39985 |
|
Prabhat Chandra S. Jain and Shikha P Jain |
|
37030 |
|
Padma P Jain and Pankaj S Jain |
|
41535 |
|
Shikha P Jain and Prabhat Chandra S. Jain |
|
41535 |
|
Pushpraj S Jain and Aarti P Jain |
|
45315 |
|
Atul Kumar Jain |
|
40470 |
|
Aarti P Jain and Pushpraj S Jain |
|
28605 |
|
Chintamani Sawailal Jain |
|
38205 |
|
Pushkar Prabhat Chandra Jain |
|
46000 |
|
Ruchi Atul Jain |
|
35000 |
|
Puneet Pankaj Jain |
|
42070 |
|
Pankaj Jain – HUF |
|
7200 |
|
Pushpraj Jain – HUF |
|
7200 |
|
Atul Kumar Jain - HUF |
|
7200 |
|
FM Overseas FZC |
|
9500 |
|
Total |
|
466850 |
Equity Share Break up (Percentage of Total Equity)
AS ON: 30.09.2014
|
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 |
2.03 |
|
Directors or relatives of Directors |
97.97 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Perfumery Compound and Generation and Supply
of Electricity. |
|
|
|
|
Products/ Services : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS (As On: 31.03.2013)
NILAKOTTAI UNIT:
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
SHAMmAMA HARMAIN Amber |
Kgs |
N.A |
N.A |
4000.00 |
|
Comp.A.M.500(ARC) – 160 |
|
N.A |
N.A |
1960.00 |
|
MASNI BAKHOOR |
|
N.A |
N.A |
3101.00 |
|
Mukh.Yokhatir |
|
N.A |
N.A |
6566.00 |
|
Perfumery Comp.(ARC)-160 |
|
N.A |
N.A |
3625.00 |
|
ESSENCE 001890A |
|
N.A |
N.A |
3.00 |
|
Ruhal Ward Hindi Pure |
|
N.A |
N.A |
2.00 |
SILVASSA UNIT:
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
PERFUME BASE NO. 1247 |
Kgs |
N.A |
N.A |
5560.000 |
|
PERFUME BASE NO. 1248 |
Kgs |
N.A |
N.A |
5940.000 |
|
PERFUME BASE NO. 1249 |
Kgs |
N.A |
N.A |
6850.000 |
|
PERFUME BASE NO. 1252 |
Kgs |
N.A |
N.A |
1000.000 |
|
PERFUME BASE NO. 1259 |
Kgs |
N.A |
N.A |
600.000 |
GOPALPUR UNIT:
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Attar Kewra |
Kgs |
N.A |
N.A |
600.000 |
|
Ruh Kewra |
Kgs |
N.A |
N.A |
10.000 |
KANNAUJ UNIT:
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Sandal Wood Oil |
Kgs |
N.A |
N.A |
0.000 |
|
Nagarmotha Oil |
Kgs |
N.A |
N.A |
224.800 |
|
Ruh-Khus |
Kgs |
N.A |
N.A |
130.100 |
|
Spices Oil |
Kgs |
N.A |
N.A |
0.000 |
|
Rose Water |
Kgs |
N.A |
N.A |
3,500.000 |
|
Perfumery |
Kgs |
N.A |
N.A |
1,475.000 |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||
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||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
BN Shah and Company Chartered Accountants |
|
Address : |
205A, Bhoomi Enclave, Mahavir Nagar, Kandivali West,
Mumbai-400067, Maharashtra, India |
|
Telefax: |
91-22-28626270 |
|
E-Mail : |
|
|
PAN No.: |
ACRPS8169F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprise over which
any person is able to exercise significant influence: |
|
CAPITAL STRUCTURE
AS ON: 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
510000 |
Equity Shares |
Rs.100/- each |
Rs. 51.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
466850 |
Equity Shares |
Rs.100/- each |
Rs. 46.685
Million |
|
|
|
|
|
Reconciliation of the
number of shares outstanding at the beginning and at the end of the reporting
period:
Equity share:
|
Particulars |
31st
March, 2014 |
|
Shares outstanding at the beginning of the year |
466850.00 |
|
Add : Shares Issued during the year |
-- |
|
Shares outstanding at the end of the year |
466850.00 |
Details of
shareholders holding more than 5 percent equity shares in the company:
|
Particulars |
As at 31 March 2014 |
|
|
|
No. of Shares held |
% held |
|
Aarti Pushpraj Jain |
38105.00 |
8.16% |
|
Atul Kumar Jain |
40470.00 |
8.67% |
|
Chintamani Jain |
38205.00 |
8.18% |
|
Padma P Jain |
41535.00 |
8.90% |
|
Pankaj Jain |
39985.00 |
8.56% |
|
Prabhat Chandra Jain |
37030.00 |
7.93% |
|
Puneet Jain |
42070.00 |
9.01% |
|
Pushkar P Jain |
46000.00 |
9.85% |
|
Pushpraj Jain |
45315.00 |
9.71% |
|
Ruchi Atul Jain |
35000.00 |
7.50% |
|
Shikha P Jain |
41535.00 |
8.90% |
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 |
46.685 |
46.685 |
46.685 |
|
(b) Reserves &
Surplus |
649.768 |
591.494 |
510.591 |
|
(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) |
696.453 |
638.179 |
557.276 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
2.470 |
2.462 |
4.082 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
2.470 |
2.462 |
4.082 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.024 |
0.000 |
280.174 |
|
(b) Trade payables |
23.657 |
35.348 |
62.230 |
|
(c) Other current
liabilities |
10.636 |
40.941 |
1.168 |
|
(d) Short-term provisions |
21.250 |
25.000 |
46.000 |
|
Total Current Liabilities
(4) |
55.567 |
101.289 |
389.572 |
|
|
|
|
|
|
TOTAL |
754.490 |
741.930 |
950.930 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
189.710 |
200.660 |
192.422 |
|
(ii) Intangible Assets |
3.009 |
3.799 |
5.064 |
|
(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 |
73.343 |
21.662 |
6.496 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
3.051 |
2.349 |
2.817 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
4.494 |
|
Total Non-Current Assets |
269.113 |
228.470 |
211.293 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
203.630 |
261.000 |
277.627 |
|
(c) Trade receivables |
162.096 |
157.112 |
183.175 |
|
(d) Cash and cash
equivalents |
7.533 |
49.413 |
53.484 |
|
(e) Short-term loans and
advances |
71.662 |
3.482 |
190.152 |
|
(f) Other current assets |
40.456 |
42.453 |
35.199 |
|
Total Current Assets |
485.377 |
513.460 |
739.637 |
|
|
|
|
|
|
TOTAL |
754.490 |
741.930 |
950.930 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
SALES |
|
|
|
|
|
Income |
NA |
NA |
NA |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less: |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
94.795 |
102.100 |
100.938 |
|
|
|
|
|
|
|
Less: |
DEPRECIATION/
AMORTISATION |
14.960 |
14.694 |
13.068 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
79.835 |
87.406 |
87.870 |
|
|
|
|
|
|
|
Less: |
TAX |
21.250 |
25.000 |
26.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
58.585 |
62.406 |
61.870 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
67.468 |
164.016 |
101.788 |
|
|
TOTAL EARNINGS |
67.468 |
164.016 |
101.788 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
CHF |
5682825.00 |
4975483.13 |
241711.00 |
|
|
Euro |
19959399.25 |
32381808.85 |
224340.00 |
|
|
Dollar |
17341507.00 |
12938130.25 |
1335310.45 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
125.49 |
133.67 |
132.52 |
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 |
|
Cash flow from (used in) operations |
NA |
NA |
NA |
|
Cash flow from(used in) operating activities |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets) |
(%) |
11.72 |
12.14 |
9.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.14 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
8.73 |
5.07 |
1.90 |
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 |
46.685 |
46.685 |
46.685 |
|
Reserves & Surplus |
510.591 |
591.494 |
649.768 |
|
Net worth |
557.276 |
638.179 |
696.453 |
|
|
|
|
|
|
long-term borrowings |
4.082 |
2.462 |
2.470 |
|
Short term borrowings |
280.174 |
0.000 |
0.024 |
|
Total borrowings |
284.256 |
2.462 |
2.494 |
|
Debt/Equity ratio |
0.510 |
0.004 |
0.004 |
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 |
Yes |
|
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 |
No |
|
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 |
UNSECURED LOAN:
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and Advances from Related Parties |
0.024 |
0.000 |
|
|
|
|
|
Total |
0.024 |
0.000 |
INDEX
OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10257712 |
29/11/2010 |
10,000,000.00 |
STATE BANK OF INDIA |
NILAKOTTAI BRANCH, NILAKOTTAI, TAMIL NADU - 624208, INDIA |
B00592519 |
|
2 |
90224421 |
24/05/1993 |
1,000,000.00 |
STATE BANK OF INDIA |
KAHNAUJ CITY BRANCH LUCKNOW, UTTAR PRADESH, INDIA |
- |
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. 65.63 |
|
UK Pound |
1 |
Rs. 101.73 |
|
Euro |
1 |
Rs. 73.26 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
THR |
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 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--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 |
|
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.