MIRA INFORM REPORT

 

 

Report No. :

342191

Report Date :

28.09.2015

 

IDENTIFICATION DETAILS

 

Name :

YUG INTERNATIONAL PRIVATE LIMITED [w.e.f.20.12.2012]

 

 

Formerly Known As :

YOG INTERNATIONAL PRIVATE LIMITED [w.e.f.04.06.2002]

 

YOG PETRO PRIVATE LIMITED

 

 

Registered Office :

113/131, Swaroop Nagar, Kanpur – 208002, Uttar Pradesh

Tel. No.:

91-512-2543487

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

17.04.1997

 

 

Com. Reg. No.:

20-021784

 

 

Capital Investment / Paid-up Capital :

Rs.20.361 Million

 

 

CIN No.:

[Company Identification No.]

U65910UP1997PTC021784

 

 

IEC No.:

0697000885

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

KNPY00215F

 

 

PAN No.:

[Permanent Account No.]

AAACY0486D

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Distributor of chemical solutions, chlorinated solvents, plasticers, Alcohols, monomers esters.

 

 

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

 

 

Litigation :

Clear

 

 

Comments :

Subject is an old and established company incorporated in the year 1997 having satisfactory track.

 

Subject is a distributors of Chemical Solutions-Chlorinated Solvents, Plasticers, Alcohols, Monomers, Esters etc.  

 

The company possesses an above average marked by healthy networth position and decent liquidity profile of the company.

 

Further, the rating also takes into consideration long track record of business operation.

 

 Trade relations are reported as fair. Business is active. Payments terms are reported 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.

 

 

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 PARTED BY (GENERAL DETAILS)

 

Name :

Mr. Pankaj Agarwal

Designation :

Account Manager

Contact No.:

91-512-2543487

Date :

24.09.2015

 

LOCATIONS

 

Registered Office :

113/131, Swaroop Nagar, Kanpur – 208002, Uttar Pradesh, India

Tel. No.:

91-512-2543487

Fax No.:

91-512-2543486

E-Mail :

Amit.agarwal@yugindia.com

amit@yugindia.com

cssaket.associates@gmail.com

hirenandjain@hotmail.com

Website :

http://www.yogindia.com

Location :

Owned

 

 

Head Office :

123/1F, Snehlata Tower, Kalpi Road, Fazal Fanj, Kanpur – 208012, Uttar Pradesh, India

Tel. No.:

91-512-2543487

Fax No.:

91-512-2543486

 

 

Branch Offices :

A-220 Sakar Vilnenehru Bridge Corner, Ashram Road, Ahmedabad-380009, Gujarat, India

 

 

Branch Offices :

Also Located at:

 

·         Mumbai

·         Kutch

·         Ahmedabad

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Mr. Amar Nath Gupta

Designation :

Director

Address :

Flat No. 203, Ratan Apartment, 7/154, Swaroop Nagar, Kanpur – 208002, Uttar Pradesh, India

Date of Birth/Age :

13.02.1952

Date of Appointment :

17.04.1997

PAN No.:

AAUPG4232E

DIN No.:

00358060

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U65910UP1997PTC021784

YUG INTERNATIONAL PRIVATE LIMITED

Director

17/04/1997

17/04/1997

-

Active

NO

2

U51393UP2005PTC029763

AGARWAL AND ASSOCIATES IMPEX PRIVATE LIMITED

Director

20/04/2005

20/04/2005

9/9/2008

Active

NO

3

U45201UP2005PLC030800

YOG ESTATE INTERNATIONAL LIMITED

Director

5/10/2005

5/10/2005

-

Active

NO

4

U45201GA2006PLC005631

GEO REALTORS LIMITED

Additional director

3/5/2007

3/5/2007

-

Active

NO

5

U70101UP2006PLC032482

GIA REALTORS INDIA LIMITED

Additional director

3/5/2007

3/5/2007

25/11/2011

Active

NO

 

 

Name :

Mr. Vijay Kumar Singla

Designation :

Director

Address :

381, Windsor Greens, F-28, Sector-50, Noida – 201301, Uttar Pradesh, India

Date of Birth/Age :

12.07.1944

Date of Appointment :

31.12.2003

PAN No.:

AKJPS7232F

DIN No.:

00709714

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U65910UP1997PTC021784

YUG INTERNATIONAL PRIVATE LIMITED

Director

31/12/2003

31/12/2003

-

Active

NO

2

U74900DL2011PTC224720

V3 BUSINESS VENTURES PRIVATE LIMITED

Director

7/9/2011

7/9/2011

-

Active

NO

3

U25200DL2013PTC248245

SAI CYCLE INDUSTRIES PRIVATE LIMITED

Director

13/02/2013

13/02/2013

30/11/2013

Active

NO

 

 

Name :

Mr. Mayur Saraf

Designation :

Director

Address :

46/46, Rajgaddi, Hatia, Kanpur – 208001, Uttar Pradesh, India

Date of Birth/Age :

08.03.1981

Date of Appointment :

07.04.2005

PAN No.:

ATJPS5435K

DIN No.:

00722003

 

 

Name :

Mr. Amit Bansal

Designation :

Director

Address :

Flat No. 202, Sai Siddhi Apartment, 11th Rd. Chembur, Next To Kukreja, Construction Chembur, Mumbai – 400071, Maharashtra, India

Date of Birth/Age :

06.10.1973

Date of Appointment :

12.11.2001

PAN No.:

ABSPA9157H

DIN No.:

00725678

 

 

Name :

Mr. Amit Agarwal

Designation :

Director

Address :

A-3, Delhi Rajdhani Society, IP Extension 80, Patparganj, Delhi – 110092, India

Date of Birth/Age :

07.07.1974

Date of Appointment :

30.04.1997

PAN No.:

ADVPA4903A

DIN No.:

01030057

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U65910UP1997PTC021784

YUG INTERNATIONAL PRIVATE LIMITED

Director

30/04/1997

30/04/1997

-

Active

NO

2

U24246UP2002PTC026435

SHREE MANGALA CHEMICALS PRIVATE LIMITED

Additional director

14/06/2013

14/06/2013

29/06/2013

Active

NO

3

U74900DL2015PTC285215

E-CHEMEX PRIVATE LIMITED

Director

16/09/2015

16/09/2015

-

Active

NO

 

 

Name :

Mr. Nishant Vaish

Designation :

Director

Address :

Flat No.103, C-Wing, Mount Classic, Yogi Hills, Off Balrajeshwar Road, Mulund (West), Mumbai – 400080, Maharashtra, India

Date of Birth/Age :

17.12.1976

Date of Appointment :

12.11.2001

PAN No.:

AAJPV5962D

DIN No.:

01534398

 

 

KEY EXECUTIVES

 

Name :

Mr. Pankaj Agarwal

Designation :

Account Manager

 

 

MAJOR SHAREHOLDERS

 

AS ON 30.09.2014

 

NOTE: SHAREHOLDING DETAILS FILE ATTACHED

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 30.09.2014

 

Category

Percentage

Bodies corporate

22.83

Directors or relatives of Directors

54.87

Other top fifty shareholders

22.30

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Distributor of chemical solutions, chlorinated solvents, plasticers, Alcohols, monomers esters.

 

 

Products :
  • Chemical Solutions
  • Chlorinated Solvents
  • Plasticers
  • Alcohols
  • Monomers Esters Etc.

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

 

Products :

Raw Material

Countries :

Taiwan

 

 

Terms :

 

Selling :

Cash and Credit (30,60,90 Days)

 

 

Purchasing :

Cash and Credit (30,60,90 Days)

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

End Users and OEMs

 

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

50 (Approximately)

 

 

Bankers :
  • HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel W, Mumbai - 400013, Maharashtra, India

 

  • Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli,, Mumbai - 400018, Maharashtra, India

 

  • Standard Chartered Bank, 10, Parliament Street, New Delhi, Delhi - 110001,  India

 

  • Bank of Baroda, Civil Lines Branch, Civil Lines, Kanpur, Uttar Pradesh - 208001, India

 

Banker Name

City Bank Limited

Branch Address

Connaught Place, New Delhi, India 

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Rs.170.000 Million

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

(Rs. In Million)

 

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWINGS

 

 

Working capital loans from banks

8.303

49.114

Intercorporate deposits

41.600

35.030

SHORT TERM BORROWINGS

 

 

Working capital loans from banks

40.182

108.819

Total

90.085

192.963

 

Financial Institute:

Reliance Capital Limited, "H" Block 1st Floor, Dhirubhai Ambani Knowledge CIty, Koparkhairne, Navi Mumbai, Maharashtra - 400710, India

 

 

Auditors :

 

Name :

Hiren and Jain

Chartered Accountant

Address :

27/81, Birhana Road, Kanpur – 208001, Uttar Pradesh, India

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

AAAFH9738G

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Other Related Parties:
  • Four Quadrants Ventures Private Limited, India [U72900DL2002PTC116990]
  • Geo Realtors Limited, India [U45201GA2006PLC005631]
  • Raghav Agarwal Beneficiary Trust, India
  • Step Ahead Ventures Private Limited, India [U74999DL2011PTC224911]
  • Suyash Agarwal Beneficiary Trust,  India

 
  •  

Subsidiaries Company:
  • Yug Trading Private Limited, Singapore

 

 

CAPITAL STRUCTURE

 

AS ON 30.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

7000000

Equity Shares

Rs.10/- each

Rs.70.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

2036145

Equity Shares

Rs.10/- each

Rs.20.361 Million

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

20.361

19.301

17.965

(b) Reserves & Surplus

213.042

168.864

131.074

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

28.500

46.935

Total Shareholders’ Funds (1) + (2)

233.403

216.665

195.974

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

110.595

113.193

64.608

(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)

110.595

113.193

64.608

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

40.182

108.819

139.912

(b) Trade payables

1266.916

1065.316

929.319

(c) Other current liabilities

42.276

45.545

42.942

(d) Short-term provisions

1.786

1.694

1.604

Total Current Liabilities (4)

1351.160

1221.374

1113.777

 

 

 

 

TOTAL

1695.158

1551.232

1374.359

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

20.216

20.193

19.620

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

2.426

2.426

2.426

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

5.067

5.067

5.067

(c) Deferred tax assets (net)

0.693

0.532

0.330

(d)  Long-term Loan and Advances

22.946

22.309

20.067

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

51.348

50.527

47.510

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

288.390

342.405

344.297

(c) Trade receivables

1220.899

1006.298

915.369

(d) Cash and cash equivalents

79.328

79.066

18.700

(e) Short-term loans and advances

55.193

72.936

48.483

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

1643.810

1500.705

1326.849

 

 

 

 

TOTAL

1695.158

1551.232

1374.359

 

 

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

50.187

42.615

NA 

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

2.760

2.974

NA 

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

47.427

39.641

NA 

 

 

 

 

 

Less

TAX

12.594

9.506

NA 

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

34.833

30.135

28.789

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

F.O.B. Value of Exports

9.960

0.933

22.269

 

TOTAL EARNINGS

9.960

0.933

22.269

 

 

 

 

 

 

IMPORTS

 

 

 

 

Raw Materials

1176.583

604.598

295.822

 

TOTAL IMPORTS

1176.583

604.598

295.822

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

17.11 

14.80

10.94

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

0.000

0.000

0.000

Cash generated from operations

NA

NA

NA

Net cash flows from (used in) operations

68.204

50.230

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Return on Total Assets

(PBT/Total Assets}

(%)

2.81

2.57

NA

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.20

0.18

NA

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.65

1.02

1.04

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.22

1.23

1.19

 

 

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

17.965

19.301

20.361

Reserves & Surplus

131.074

168.864

213.042

 Share Application money pending allotment

46.935

28.500

0.000

Net worth

195.974

216.665

233.403

 

 

 

 

long-term borrowings

64.608

113.193

110.595

Short term borrowings

139.912

108.819

40.182

Total borrowings

204.520

222.012

150.777

Debt/Equity ratio

1.044

1.025

0.646

 

 

 

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)

Yes

16

No. of employees

Yes

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

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

NOTE: Registered office of the company has been shifted from 123/1-Fkalpi Road Kanpur -208012, Uttar Pradesh India to the present address w.e.f. 22.12.2012

 

 

OPERATIONS:

 

The company has been marketing of petro chemicals all over country and also in International Market. There are bright possibilities of development. The company has been exploring possibilities to trade chemicals in international markets at very vast level.

 

 

UNSECURED LOAN

 

(Rs. In Million)

Particulars

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Fully convertible debentures others

31.050

0.000

Loans and advances from directors

29.642

29.049

Total

60.692

29.049

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10535207

29/09/2014

13,000,000.00

STANDARD CHARTERED BANK

10, PARLIAMENT STREET, NEW DELHI, Delhi - 110001, 
INDIA

C36141398

2

10474945

30/01/2014

170,000,000.00

CITIBANK N.A

JEEVAN BHARTI BUILDING, 4TH FLOOR, 124, CONNAUGHT 
CIRCUS, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA

B95234472

3

10458804

28/05/2015 *

714,300,000.00

STANDARD CHARTERED BANK

10, PARLIAMENT STREET, DELHI - 110001, 
INDIA

C56326838

4

10434801

14/05/2013

100,000,000.00

YES BANK LIMITED

9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. 
ANNIE BESANT ROAD, WORLI,, MUMBAI, MAHARASHTRA - 
400018, INDIA

B78720463

5

10414916

14/08/2015 *

250,000,000.00

STANDARD CHARTERED BANK

10, PARLIAMENT STREET, DELHI - 110001, 
INDIA

C62034939

6

10290863

28/05/2013 *

294,300,000.00

HDFC BANK LIMITED

HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA

B77796811

7

10272869

24/02/2011

22,200,000.00

BANK OF BARODA

CIVIL LINES BRANCH, CIVIL LINES, KANPUR, UTTAR PRADESH - 208001, INDIA

B08470478

8

10196631

22/01/2010

11,450,000.00

RELIANCE CAPITAL LTD

"H" BLOCK 1ST FLOOR, DH

 

* Date of charge modification

 

FIXED ASSETS

 

Tangible assets

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No 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.66.10

UK Pound

1

Rs.100.89

Euro

1

Rs.73.96

 

 

INFORMATION DETAILS

 

Information Gathered by :

PPT

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

GTA

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILITY

1~10

5

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--RESERVES

1~10

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

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

 

--

 

 

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

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