1. Summary Information
|
|
|
Country |
|
|
Company Name |
WONDERCHEF HOME
APPLIANCES PRIVATE LIMITED |
Principal Name 1 |
Mr. Ravi Satya Prakash Saxena |
|
Status |
Moderate |
Principal Name 2 |
Mr. Alyona Sanjeev Kapoor |
|
|
|
Registration # |
-- |
|
Street Address |
237-238, Powai
Plaza, Opposite Pizza Hut, Hiranandani Gardens, Powai, Mumbai – 400020,
Maharashtra |
||
|
Established Date |
21.05.2009 |
SIC Code |
-- |
|
Telephone# |
32151148 / 32191488 |
Business Style 1 |
Service Provider of Crockery and Cutlery |
|
Fax # |
-- |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
-- |
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
Rs.260,000 |
Product Name 3 |
-- |
|
Shareholders |
Axis Advisors Private Limited - 10000 |
Banking |
Indian Overseas
Bank |
|
Public Limited Corp. |
-- |
Business Period |
02 years |
|
IPO |
--- |
International Ins. |
- |
|
Public |
--- |
Rating |
B (27) |
|
Related
Company |
|||
|
Relation
-- |
Country
-- |
Company
Name |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
27,895,000 |
Current Liabilities |
56,347,000 |
|
Inventories |
31,310,000 |
Long-term Liabilities |
1,011,000 |
|
Fixed Assets |
1,450,000 |
Other Liabilities |
-- |
|
Deferred Assets |
-- |
Total Liabilities |
57,358,000 |
|
Invest& other Assets |
35,000 |
Retained Earnings |
10,868,000 |
|
|
|
Net Worth |
3,332,000 |
|
Total Assets |
60,690,000 |
Total Liab. & Equity |
60,690,000 |
|
Total Assets (Previous Year) |
23,051,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Total Income |
61,319,000 |
Net Profit |
(5,978,000) |
|
Total Income(Previous yr) |
14,391,000 |
Net Profit(Prev.yr) |
(1,817,000) |
MIRA
INFORM REPORT
|
Report Date : |
11.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
WONDERCHEF HOME APPLIANCES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
237-238, Powai Plaza, Opposite Pizza Hut, Hiranandani Gardens, Powai,
Mumbai – 400020, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
21.05.2009 |
|
|
|
|
Com. Reg. No.: |
192547 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.200 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74900MH2009PTC102547 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Service Provider of Crockery and Cutlery |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 13328 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new company having moderate track. There
appears some accumulated losses recorded by the company. However trade relations
are reported as fair. Business is active. Payments are reported to be
slow. The company can be considered for business dealings with some caution.
|
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
237-238, Powai Plaza, Opposite Pizza Hut, Hiranandani Gardens, Powai,
Mumbai – 400020, Maharashtra, India |
|
Tel. No.: |
91- 22 - 32151148 / 32191488 |
|
E-Mail : |
DIRECTORS
AS ON 15.11.2010
|
Name : |
Mr. Ravi Satya Prakash Saxena |
|
Designation : |
Director |
|
Address : |
Row House Bungalow, 26 A/B, Eden Bungalow.
Wranandani. Powai. Mumbat. 400076, Maharashtra, India |
|
Date of Birth/Age : |
23.08.1969 |
|
Date of Appointment : |
21.05.2009 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U55101KA2005PTC037255 |
CITYMAX HOTELS (INDIA)
PRIVATE LIMITED |
Managing director |
01/07/2006 |
01/07/2006 |
09/07/2008 |
Active |
NO |
|
2 |
U92199KA2005PTC037615 |
CITYMAX HOSPITALITY
(INDIA) PRIVATE LIMITED |
Additional director |
18/01/2008 |
18/01/2008 |
09/07/2008 |
Active |
NO |
|
3 |
U74140MH2008PTC186263 |
Axis Advisors Private
Limited |
Managing director |
01/06/2009 |
27/08/2008 |
- |
Active |
NO |
|
4 |
U74900MH2009PTC192546 |
TREASURE RETAIL PRIVATE LIMITED |
Director |
21/05/2009 |
21/05/2009 |
- |
Active |
NO |
|
5 |
U74900MH2009PTC192547 |
WONDERCHEF HOME APPLIANCES
PRIVATE LIMITED |
Director |
21/05/2009 |
21/05/2009 |
- |
Active |
NO |
|
6 |
U74990MH2010PTC210194 |
Xanberri Naturals Private
Limited |
Director |
19/11/2010 |
19/11/2010 |
- |
Active |
NO |
|
7 |
U80301MH2010PTC211650 |
Chrysalis Learning Private
Limited |
Director |
31/12/2010 |
31/12/2010 |
- |
Active |
NO |
|
Name : |
Mr. Alyona Sanjeev Kapoor |
|
Designation : |
Director |
|
Address : |
201, Anand Mansion, Gulmohar Cross Road 5, Juhu,
Mumbal 400049, Maharashtra, India |
|
Date of Birth/Age : |
22.04.1967 |
|
Date of Appointment : |
26.03.2010 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U55101MH2001PTC134012 |
KHANA KHAZANA INDIA
PRIVATE LIMITED |
Director |
23/11/2001 |
23/11/2001 |
- |
Active |
NO |
|
2 |
U22300MH2006PTC163275 |
Turmeric Vision Private
Limited |
Director |
24/07/2006 |
24/07/2006 |
- |
Active |
NO |
|
3 |
U15139MH2007PTC167851 |
KARS FOODS INDIA PRIVATE
LIMITED |
Director |
14/02/2007 |
14/02/2007 |
- |
Active |
NO |
|
4 |
U55203MH2008PTC177255 |
KSK FOODS PRIVATE LIMITED |
Director |
02/01/2008 |
02/01/2008 |
- |
Active |
NO |
|
5 |
U55101MH2008PTC177254 |
SIMPLI DHABA PRIVATE
LIMITED |
Director |
02/01/2008 |
02/01/2008 |
- |
Active |
NO |
|
6 |
U92100MH2008PTC182622 |
KHANA KHAZANA PRODUCTIONS
PRIVATE LIMITED |
Director |
23/05/2008 |
23/05/2008 |
- |
Active |
NO |
|
7 |
U22100MH2009PTC189601 |
KHANA KHAZANA PUBLICATIONS
PRIVATE LIMITED |
Director |
15/01/2009 |
15/01/2009 |
- |
Active |
NO |
|
8 |
U74900MH2009PTC193479 |
KUBERA VENTURES PRIVATE
LIMITED |
Director |
22/06/2009 |
22/06/2009 |
- |
Active |
NO |
|
9 |
U74900MH2009PTC192547 |
WONDERCHEF HOME APPLIANCES
PRIVATE LIMITED |
Director |
26/03/2010 |
26/03/2010 |
- |
Active |
NO |
|
Name : |
Mr.
Sanjeev Surendra Kapoor |
|
Designation : |
Director |
|
Address : |
201, Anand Mansion, Gulmohar Cross Road 5, Juhu,
Mumbal 400049, Maharashtra, India |
|
Date of Birth/Age : |
10.04.1964 |
|
Date of Appointment : |
02.10.1965 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U99999MH2000PTC134511 |
indian cookery.com Private
Limited |
Director |
21/02/2000 |
21/02/2000 |
- |
Active |
NO |
|
2 |
U55101MH2001PTC134012 |
KHANA KHAZANA INDIA
PRIVATE LIMITED |
Director |
23/11/2001 |
23/11/2001 |
- |
Active |
NO |
|
3 |
U74140DL2000PTC107229 |
PRISTINE VENTURES PRIVATE
LIMITED |
Director |
22/02/2004 |
22/02/2004 |
- |
Active |
NO |
|
4 |
U22300MH2006PTC163275 |
Turmeric Vision Private
Limited |
Director |
24/07/2006 |
24/07/2006 |
- |
Active |
NO |
|
5 |
U15139MH2007PTC167851 |
KARS FOODS INDIA PRIVATE
LIMITED |
Director |
14/02/2007 |
14/02/2007 |
- |
Active |
NO |
|
6 |
U55203MH2008PTC177255 |
KSK FOODS PRIVATE LIMITED |
Director |
02/01/2008 |
02/01/2008 |
- |
Active |
NO |
|
7 |
U55101MH2008PTC177254 |
SIMPLI DHABA PRIVATE
LIMITED |
Director |
02/01/2008 |
02/01/2008 |
- |
Active |
NO |
|
8 |
U92100MH2008PTC182622 |
KHANA KHAZANA PRODUCTIONS
PRIVATE LIMITED |
Director |
23/05/2008 |
23/05/2008 |
- |
Active |
NO |
|
9 |
U22100MH2009PTC189601 |
KHANA KHAZANA PUBLICATIONS
PRIVATE LIMITED |
Director |
15/01/2009 |
15/01/2009 |
- |
Active |
NO |
|
10 |
U74900MH2009PTC192547 |
WONDERCHEF HOME APPLIANCES
PRIVATE LIMITED |
Director |
21/05/2009 |
21/05/2009 |
- |
Active |
NO |
|
11 |
U74900MH2009PTC192546 |
TREASURE RETAIL PRIVATE
LIMITED |
Director |
21/05/2009 |
21/05/2009 |
- |
Active |
NO |
|
12 |
U74900MH2009PTC193479 |
KUBERA VENTURES PRIVATE
LIMITED |
Director |
22/06/2009 |
22/06/2009 |
- |
Active |
NO |
|
13 |
U55101MH2010PTC209517 |
Indian Cookery Private
Limited |
Director |
27/10/2010 |
27/10/2010 |
- |
Active |
NO |
|
Name : |
Mr. Nicolas Graas |
|
Designation : |
Director |
|
Address : |
3a. Rue Plaetis, Luxembourgeoise. L231B,
Luxembourg |
|
Date of Birth/Age : |
02.10.1965 |
|
Date of Appointment : |
26.03.2010 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U74140MH2008PTC186263 |
Axis Advisors Private
Limited |
Director |
01/10/2008 |
01/10/2008 |
- |
Active |
NO |
|
2 |
U74900MH2009PTC192547 |
WONDERCHEF HOME APPLIANCES
PRIVATE LIMITED |
Director |
26/03/2010 |
26/03/2010 |
- |
Active |
NO |
|
3 |
U74900MH2009PTC192546 |
TREASURE RETAIL PRIVATE
LIMITED |
Director |
30/09/2011 |
18/11/2010 |
- |
Active |
NO |
|
4 |
U80301MH2010PTC211650 |
Chrysalis Learning Private
Limited |
Director |
31/12/2010 |
31/12/2010 |
- |
Active |
NO |
|
Name : |
Mr. Alessandro Giuliani |
|
Designation : |
Director |
|
Address : |
Milan, Viacossa Pietro N. 1, Milano, 20122, Italy |
|
Date of Birth/Age : |
27.03.1963 |
|
Date of Appointment : |
26.03.2010 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U74140MH2008PTC186263 |
Axis Advisors Private
Limited |
Director |
01/10/2008 |
01/10/2008 |
- |
Active |
NO |
|
2 |
U74900MH2009PTC192547 |
WONDERCHEF HOME APPLIANCES
PRIVATE LIMITED |
Director |
26/03/2010 |
26/03/2010 |
- |
Active |
NO |
|
3 |
U74900MH2009PTC192546 |
TREASURE RETAIL PRIVATE
LIMITED |
Director |
30/09/2011 |
18/11/2010 |
- |
Active |
NO |
|
4 |
U80301MH2010PTC211650 |
Chrysalis Learning Private
Limited |
Director |
31/12/2010 |
31/12/2010 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 15.11.2010
|
Names of Shareholders |
|
No. of Shares
Class A |
|
Sanjeev Kapoor |
|
5000 |
|
Alyona Kapoor |
|
5000 |
|
Axis Advisors Private Limited |
|
10000 |
|
Total |
|
20000 |
AS ON 15.11.2010
|
Names of Shareholders |
|
No. of Shares
Class B |
|
Axis Advisors Private Limited |
|
3800 |
|
|
|
|
AS ON 15.11.2010
|
Category |
Percentage |
|
Bodies corporate |
57.98 |
|
Directors or relatives of Directors |
42.02 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Service Provider of Crockery and Cutlery |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
Indian Overseas Bank, Powai Branch, 32-41, Powai Plaza, Hiranandani Gardens,
Powai, Mumbai - 400076, Maharashtra, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountant |
|
Address : |
12, Dr. Annie Besent Road, Opp. Shiv Sagar Estate, Worli,
Mumbai-400018, Maharashtra, India |
|
Tel No.: |
91-22-66679000 |
|
Fax No.: |
91-22-66679100 |
|
|
|
|
Associates/Subsidiaries : |
NA |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
70000 |
Equity Shares of Class A |
Rs.10/- each |
Rs.0.700 Million |
|
30000 |
Equity Shares of Class B |
Rs.10/- each |
Rs.0.300 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
22227 |
Equity Shares of Class A |
Rs.10/- each |
Rs.0.222
Million |
|
3800 |
Equity Shares of Class B |
Rs.10/- each |
Rs.0.038
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.260 |
0.138 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
10.868 |
1.862 |
|
|
4] (Accumulated Losses) |
|
(7.796) |
(1.817) |
|
|
NETWORTH |
|
3.332 |
0.183 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.411 |
0.000 |
|
|
2] Unsecured Loans |
|
0.600 |
0.000 |
|
|
TOTAL BORROWING |
|
1.011 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
4.343 |
0.183 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
1.450 |
0.540 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.035 |
0.819 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
31.310
|
17.903 |
|
|
Sundry Debtors |
|
22.517
|
2.043 |
|
|
Cash & Bank Balances |
|
3.393
|
0.141 |
|
|
Other Current Assets |
|
0.000
|
0.000 |
|
|
Loans & Advances |
|
1.985
|
0.355 |
|
Total
Current Assets |
|
59.205
|
20.442 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
52.874
|
22.868 |
|
|
Other Current Liabilities |
|
2.035
|
0.000 |
|
|
Provisions |
|
1.438
|
0.000 |
|
Total
Current Liabilities |
|
56.347
|
22.868 |
|
|
Net Current Assets |
|
2.858
|
(2.426) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
1.250 |
|
|
|
|
|
|
|
|
TOTAL |
|
4.343 |
0.183 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
|
61.319 |
14.391 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
|
66.514 |
17.027 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
(5.195) |
(0.818) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.783 |
0.999 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
(5.978) |
(1.817) |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
|
(8.47) |
(446.99) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
(8.56) |
(3.90) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
(1.56) |
(4.47) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
17.21 |
125.96 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.05 |
0.89 |
LOCAL AGENCY FURTHER INFORMATION
NOTE:
The registered office address of the company
has been shifted from B-508, Kanara Business Centre, Laxmi Nagar, Behind
Everest Gardens Building, Ghatkoper (East), Mumbai – 400075, Maharashtra, India
to present w.e.f. 23.03.2010
FORM 8:
|
Corporate identity number of the company |
U74900MH2009PTC192547 |
|
Name of the company |
WONDERCHEF HOME APPLIANCES PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
237-238, Powai Plaza, Opp. Pizza Hut,
Hiranandani Gardens, Powai, Mumbai – 400020, Maharashtra, India |
|
This form is for |
Modification of charge |
|
Type of charge |
Book Debts Movable Property |
|
Particular of charge holder |
INDIAN OVERSEAS BANK |
|
Nature of instrument creating charge |
a) Letter of Hypothecation in F-110A b) Hypothecation of Book Debts |
|
Date of instrument Creating the charge |
24/08/2011 |
|
Amount secured by the charge |
Rs.1.000 million |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest @ Base rate + 3.75% p.a. (Presently 14.00%
p.a.) Terms of Repayment Repayable on Demand. Margin 25% on Stocks; 50% on Debtors. Extent and Operation of the charge The charge is to operate as security, by
way of first exclusive charge, for the due repayment of the Cash Credit limit
of Rs.1.000 Million together with interests, additional interest, costs,
charges, expenses and all other moneys payable by the Company to the Bank
from time to time in terms of sanction. Others |
|
Short particulars of the property charged |
Hypothecation, by way of first charge, of
all the Company's : Stock of goods (All kinds of Kitchen Ware)
which are stored at the company's premises or elsewhere. Receivables and other claims which are due
and owing to the Company from time to time. |
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 records 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.50.27 |
|
|
1 |
Rs.80.07 |
|
Euro |
1 |
Rs.68.44 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
TOTAL |
|
27 |
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.