MIRA INFORM REPORT
|
Report No. : |
341776 |
|
Report Date : |
24.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
CASA GRANDE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
5th Floor, NPL Devi, New No 111, Old No 59, L.B. Road, Thiruvanmiyur,
Chennai-600041, Tamilnadu |
|
Tel. No.: |
91-44-32012721 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
19.11.2003 |
|
|
|
|
Com. Reg. No.: |
18-051989 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 50.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U70101TN2003PTC051989 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
CHEC04644D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCC2758A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Real
Estate Developers. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 531300 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2003. It is a Chennai based real
estate enterprise. For the financial year 2014, the company has fine operational activity
along with satisfactory profit margin of 9.52%. The company has reported huge borrowings and there is favourable gap
between trade receivables and payables. Trade relations are fair. Business is active. Payments are reported to
be slow but correct. The company can be considered 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
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 BY
|
Name : |
Mr. Murugan |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9382345644 |
|
Date : |
22.09.2015 |
LOCATIONS
|
Registered Office : |
5th Floor, NPL Devi, New No 111, Old No 59, L.B. Road, Thiruvanmiyur,
Chennai-600041, Tamilnadu, India |
|
Tel. No.: |
91-44-32012721-25 |
|
Mobile No.: |
91-9382345644 (Mr. Murugan) |
|
Fax No.: |
91-44-43150512 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Coimbatore Office |
Sri Dwaraka, 2nd Floor, No.1-A, B.R. Nagar Main Road, Kothari
Layout, Opposite Coimbatore Stock Exchange, Singanallur Post, Coimbatore –
641005, Tamilnadu,
India |
|
Tel. No.: |
91-422-3193737/ 3196161/ 3198181 |
|
|
|
|
Bangalore Office |
No. 34/1, 3rd Floor Salma Bizhouse Meanee Avenue Road,
Opposite to Lakeside Hospital Ulsoor Road, Near Ulsoor lake,
Bangalore-560042, Karnataka, India |
|
Tel. No.: |
91-80-46668666 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Krishnan Ramanathan Anerudan |
|
Designation : |
Director |
|
Address : |
Vignesh Villa, 6 Baywatch Boulevard,
Waterland Drive, Kottivakkam,, Chennai- 600041, Tamil Nadu, India |
|
Date of Birth/Age : |
29.04.1980 |
|
Date of Appointment : |
19.11.2003 |
|
PAN No.: |
ADDPR6502L |
|
DIN No.: |
00791687 |
|
|
|
|
Name : |
Mr. Manivannan Arun Kumar |
|
Designation : |
Managing director |
|
Address : |
141 A, Kaveri Nagar, Kuppam Beach Road, Kottivakkam, Thiruvanmiyur,,
Chennai-600041, Tamil Nadu, India |
|
Date of Birth/Age : |
05.05.1976 |
|
Date of Appointment : |
19.11.2003 |
|
PAN No.: |
ADNPA8113A |
|
DIN No.: |
00793551 |
KEY EXECUTIVES
|
Name : |
Mr. Murugan |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders (Equity Shares) |
No. of Shares |
|
Arunkumar |
2494500 |
|
Anerudan |
2494500 |
|
Total |
4989000 |
|
Names of Shareholders (CLASS B UNLIMITED
DIVIDEND EQUITY SHARES) |
No. of Shares |
|
Arunkumar |
500 |
|
Anerudan |
500 |
|
Total |
1000 |
|
Names of Shareholders (Preferences Shares) |
No. of Shares |
|
Kamalesh
Jain (representing Metal Impex – Partnership firm) |
2 |
|
R.K.
Ramanathan |
2 |
|
K.R.
Anerudan |
4925 |
|
Rehmat
Kubchandani |
10 |
|
Pankaj
Dega |
2 |
|
M.K.
Vaidyanathan |
2 |
|
Vijayalakshmi
Enterprises (represented by Mr. Vipul Mehta) |
2 |
|
Manish
Kubchandani |
3 |
|
Ashok
Kubchandani |
2 |
|
K.S.
Manian |
100 |
|
Hajara
Saleh Mohamed |
2 |
|
Shabnab
Asif |
2 |
|
Mohamed
Ashfaaq |
2 |
|
Abida
Mabib |
2 |
|
Sana
Riyaz |
2 |
|
Deepika
Bengani |
2 |
|
Raichand
Dega |
2 |
|
Bimla
Dega |
2 |
|
Vipul
Mehta |
2 |
|
Hemant
Mehta |
2 |
|
Sandhya
Mehta Malik |
2 |
|
E.
Velu |
2 |
|
M.
Arunkumar |
4926 |
|
Jayaraman
( alloted on 18th October 2014 ) |
27500 |
|
Total |
37500 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
99.96 |
|
Others |
0.04 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Real
Estate Developers. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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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 : |
Not Divulged |
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Bankers : |
· HDFC Bank Limited 2nd Floor, I.T.C. Centre, 760, Annasalai, Chenani- 600002,
Tamilnadu, India |
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|
Facilities : |
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|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Brahmayya
and Company Chartered Accountants |
|
Address : |
48 Masilamani Road Balaji
Nagar, Royapettah, Chennai-600014, Tamilnadu, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFB2481J |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Joint Venture : |
·
Casa Grande Enterprises LLP, India ·
Casa Grande Coimbatore LLP, India ·
Casa Grande Vallam LLP, India ·
Casa Grande Shelter LLP, India ·
Casa Grande Properties LLP, India ·
Casa Grande Real Estates LLP, India |
|
|
|
|
Other Related Party : |
Blitzkrieg
Technology Private Limited, India (U74900TN2013PTC090689) |
|
|
|
|
Subsidiary Company : |
·
Casa Grande Prop Care Private Limited,
India (U70109TN2011PTC082842) ·
Casa Interior Studio Private Limited, India
(U74999TN2012PTC086057) ·
Casa Grande Civil Engineering Private
Limited, India (U45200TN2013PTC094127) |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,990,000 |
Equity Shares |
Rs. 10/- each |
Rs. 49.900 Million |
|
310,000 |
Preference Shares |
Rs. 10/- each |
Rs. 3.100 Million |
|
|
Total |
|
Rs. 53.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,990,000 |
Equity Shares |
Rs. 10/- each |
Rs. 49.900
Million |
|
37,500 |
Preference Shares |
Rs. 10/- each |
Rs. 0.375
MIllion |
|
|
Total |
|
Rs. 50.275 Million |
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000
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 |
50.000 |
14.939 |
0.128 |
|
(b) Reserves & Surplus |
135.965 |
16.262 |
109.618 |
|
(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) |
185.965 |
31.201 |
109.746 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
400.116 |
94.746 |
69.132 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
1.260 |
1.260 |
1.260 |
|
(d)
long-term provisions |
3.428 |
1.881 |
0.000 |
|
Total
Non-current Liabilities (3) |
404.804 |
97.887 |
70.392 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
312.206 |
125.000 |
58.015 |
|
(b)
Trade payables |
73.913 |
34.548 |
59.833 |
|
(c)
Other current liabilities |
985.367 |
1104.392 |
551.220 |
|
(d)
Short-term provisions |
65.649 |
65.119 |
102.387 |
|
Total
Current Liabilities (4) |
1437.135 |
1329.059 |
771.455 |
|
|
|
|
|
|
TOTAL |
2027.904 |
1458.147 |
951.593 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
25.034 |
20.118 |
20.207 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
1.573 |
0.000 |
|
(iv) Intangible assets under development |
7.490 |
5.060 |
0.148 |
|
(b) Non-current
Investments |
0.898 |
0.279 |
7.324 |
|
(c) Deferred tax assets
(net) |
2.400 |
1.810 |
1.249 |
|
(d) Long-term Loan
and Advances |
293.006 |
322.413 |
237.853 |
|
(e)
Other Non-current assets |
285.396 |
228.867 |
2.950 |
|
Total
Non-Current Assets |
614.224 |
580.120 |
269.731 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
553.642 |
517.942 |
591.021 |
|
(c)
Trade receivables |
188.204 |
224.517 |
58.074 |
|
(d)
Cash and cash equivalents |
334.836 |
94.900 |
19.899 |
|
(e)
Short-term loans and advances |
264.009 |
40.521 |
12.596 |
|
(f)
Other current assets |
72.989 |
0.147 |
0.272 |
|
Total
Current Assets |
1413.680 |
878.027 |
681.862 |
|
|
|
|
|
|
TOTAL |
2027.904 |
1458.147 |
951.593 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
GROSS SALES AND
OTHER INCOME (A) |
1697.800 |
1534.300 |
1300.890 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
309.500 |
190.200 |
116.481 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
46.000 |
13.900 |
16.264 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
263.500 |
176.300 |
100.217 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.600 |
4.900 |
4.723 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
257.900 |
171.400 |
95.494 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
96.200 |
47.400 |
20.501 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
161.700 |
124.000 |
74.993 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
32.34 |
83.00 |
5858.83 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
68.432 |
13.229 |
1.300 |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from (used in) Operations |
(101.829) |
503.961 |
95.494 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
9.52 |
8.08 |
5.76 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
18.23 |
12.40 |
8.95 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.79 |
11.83 |
10.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.39 |
5.49 |
0.87 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
4.20 |
7.47 |
1.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.98 |
0.66 |
0.88 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities of
Long-term debts
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 |
0.128 |
14.939 |
50.000 |
|
Reserves & Surplus |
109.618 |
16.262 |
135.965 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
109.746 |
31.201 |
185.965 |
|
|
|
|
|
|
Long-term borrowings |
69.132 |
94.746 |
400.116 |
|
Short term borrowings |
58.015 |
125.000 |
312.206 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
1.300 |
13.229 |
68.432 |
|
Total
borrowings |
128.447 |
232.975 |
780.754 |
|
Debt/Equity
ratio |
1.170 |
7.467 |
4.198 |
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) |
|
Gross Sales and Other Income |
1300.890 |
1534.300 |
1697.800 |
|
|
|
17.942 |
10.656 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Gross Sales and Other Income |
1300.890 |
1534.300 |
1697.800 |
|
Profit |
74.993 |
124.000 |
161.700 |
|
|
5.76% |
8.08% |
9.52% |
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 |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10547953 |
15/12/2014 |
300,000,000.00 |
INDIAN OVERSEAS BANK |
THIRUVANMIYUR BRANCH,
CHENNAI II REGION, CHENANI- 600041, |
C42970160 |
|
2 |
10550737 |
11/12/2014 |
300,000,000.00 |
HDFC LIMITED |
2ND FLOOR, I.T.C.
CENTRE, 760,, ANNASALAI,, CHEN |
C44412302 |
|
3 |
10371590 |
30/07/2012 |
8,431,000.00 |
SUNDARAM BNP PARIBAS HOME FINANCE LIMITED |
21, PATULLOS ROAD,,
CHENNAI- 600002, TAMIL NADU, |
B56066426 |
|
4 |
10369656 |
28/02/2014 * |
42,000,000.00 |
SUNDARAM BNP PARIBAS HOME FINANCE LIMITED |
21, PATULLOS ROAD,,
CHENNAI- 600002, TAMIL NADU, |
C04561304 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Long-term
maturities of finance lease obligations |
362.474 |
4.135 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on demand from others |
71.500 |
10.000 |
|
Total |
433.974 |
14.135 |
REVIEW OF OPERATIONS:
During the year, the
Company launched very good projects in prime localities which are already
commenced and in good progress. The Company is in the process of identifying
prime properties so that it would fetch better returns. The Board is highly
confident about the future projects undertaken by the Company. The Company has
also invested / signed new ventures during the year which will result in high
turnover during the immediate future.
FUTURE PROSPECTS:
With the deals entered into
so far and the various proposals on hand being negotiated, the company is very
confident of achieving great heights during the forthcoming years.
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from No. 5, II Cross
Streetdr, Radhakrishnan Nagar, Thiruvanmiyur, Chennai-600041, Tamil Nadu, India
to the present address w.e.f 02.08.2012
FIXED ASSETS:
Tangible Assets
·
Buildings
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
· Leasehold Improvements
·
Other Equipments
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. 65.97 |
|
|
1 |
Rs. 101.19 |
|
Euro |
1 |
Rs. 73.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
AMR |
|
|
|
|
Report Prepared
by : |
IND |
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 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
|
43 |
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.