MIRA
INFORM REPORT
|
Report Date : |
21.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
OPC TECHNOLOGY JAPAN PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-46, Kalkaji, New Delhi – 110019, Delhi |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
05.03.2001 |
|
|
|
|
Com. Reg. No.: |
109897 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.20.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900DL2001PTC109897 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of OPC Drum. |
|
|
|
|
No. of Employees
: |
100 (In office) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 350556 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for business dealings at usual
ttrade 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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Prakash Chandola |
|
Designation : |
Director |
|
Contact No.: |
91-9971788577 |
|
Date : |
16.09.2011 |
LOCATIONS
|
Registered Office : |
B-46, Kalkaji, New Delhi – 110019, Delhi,
India |
|
Mobile No.: |
91-9971788577 (Mr. Prakash Chandola) |
|
E-Mail : |
|
|
Website: |
|
|
Location : |
Rented |
|
|
|
|
Factory 1 : |
B-1, SITE-V, GNEPIP, UPSIDC, KASNA,Greater Noida – 201308, Uttar
Pradesh, India |
|
Tel. No.: |
91-120-2341892 |
|
Fax No.: |
91-120-2341887 |
|
Area : |
5000sq.fts |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Jagdish Chand Joshi |
|
Designation : |
Director |
|
Address : |
H 510, Parsvnath Prestige, Sector 93A, Noida, Gautam Budh Nagar, Uttar
Pradesh, India |
|
Date of Birth/Age : |
17.04.1963 |
|
Date of Appointment : |
08.03.2001 |
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 |
U72900DL2001PTC109897 |
OPC TECHNOLOGY JAPAN
PRIVATE LIMITED |
Director |
08/03/2001 |
08/03/2001 |
- |
Active |
NO |
|
Name : |
Mr. Sattish Lognathan Mudaliar |
|
Designation : |
Director |
|
Address: |
10 Jain House, Jer Bai Wadia Road, Parel, Mumbai – 400012,
Maharashtra, India |
|
Date of Birth/Age : |
22.01.2004 |
|
Date of Appointment: |
22.01.2004 |
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 |
U63010MH1993PTC073369 |
SAIDUTT CLEARING AGENCY
PVT LTD |
Director |
06/08/1993 |
06/08/1993 |
- |
Active |
NO |
|
2 |
U63090MH2000PTC129411 |
SAI DUTT SHIPPING AGENCY
PRIVATE LIMITED |
Director |
31/10/2000 |
31/10/2000 |
- |
Active |
NO |
|
3 |
U31909MH2003PTC138738 |
SDM ELECTRONICS (INDIA)
PRIVATE LIMITED |
Director |
17/01/2003 |
17/01/2003 |
- |
Strike off |
NO |
|
4 |
U72900DL2001PTC109897 |
OPC TECHNOLOGY JAPAN PRIVATE
LIMITED |
Director |
22/01/2004 |
22/01/2004 |
- |
Active |
NO |
|
5 |
U45201MH2006PTC164189 |
ASK DEVELOPERS PRIVATE
LIMITED |
Director |
30/08/2006 |
30/08/2006 |
- |
Active |
NO |
|
Name : |
Mr. Prakash Chandola |
|
Designation : |
Director |
|
Address : |
House No.177, Sector 15 Hig Duplex, U P Awas Vikas, Ghaziabad, Uttar
Pradesh, India |
|
Date of Birth/Age : |
02.06.1963 |
|
Date of Appointment : |
17.10.2002 |
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 |
U72900DL2001PTC109897 |
OPC TECHNOLOGY JAPAN
PRIVATE LIMITED |
Director |
17/10/2002 |
17/10/2002 |
- |
Active |
NO |
|
Name : |
Mr. Pritam Singh Atree |
|
Designation : |
Director |
|
Address : |
B-56/4304 Vasant Kunj, New Delhi – 110070, Delhi, India |
|
Date of Birth/Age : |
15.03.1953 |
|
Date of Appointment : |
17.10.2002 |
|
Date of Ceasing: |
06.07.2010 |
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 |
U63040DL1998PTC093350 |
P S ATREE AND CO PRIVATE
LIMITED |
Director |
21/04/1998 |
21/04/1998 |
- |
Active |
NO |
|
2 |
U32109DL1999PTC099456 |
VIDEOSTAR ELECTRONICS INDIA
PRIVATE LIMITED |
Director |
23/04/1999 |
23/04/1999 |
- |
Active |
NO |
|
3 |
U63023DL2002PTC116661 |
ZYXEL LOGISTICS (INDIA)
PRIVATE LIMITED |
Director |
21/08/2002 |
21/08/2002 |
- |
Active |
NO |
|
4 |
U72900DL2001PTC109897 |
OPC TECHNOLOGY JAPAN
PRIVATE LIMITED |
Director |
17/10/2002 |
17/10/2002 |
06/07/2010 |
Active |
NO |
|
5 |
U55101DL2004PTC124959 |
RICHMOND LEISURE &
HOTELS PRIVATE LIMITED |
Director |
03/03/2004 |
03/03/2004 |
05/04/2010 |
Active |
NO |
|
6 |
U45200DL2008PTC179355 |
ATREE PROPERTIES AND
INFRASTRUCTURES PRIVATE LIMITED |
Director |
11/06/2008 |
11/06/2008 |
- |
Active |
NO |
|
Name : |
Mr. Ashwanii Kharitilal Dham |
|
Designation : |
Director |
|
Address : |
A 6, Flat No13, Heritage Apartment, Naraina Vihar, New Delhi – 110028,
Delhi, India |
|
Date of Birth/Age : |
26.01.1957 |
|
Date of Appointment : |
15.04.2003 |
|
Date of Ceasing: |
13.07.2010 |
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 |
U63010MH1993PTC073369 |
SAIDUTT CLEARING AGENCY
PVT LTD |
Director |
01/01/1994 |
01/01/1994 |
- |
Active |
NO |
|
2 |
U31909MH2003PTC138738 |
SDM ELECTRONICS (INDIA)
PRIVATE LIMITED |
Director |
17/01/2003 |
17/01/2003 |
- |
Strike off |
NO |
|
3 |
U72900DL2001PTC109897 |
OPC TECHNOLOGY JAPAN PRIVATE
LIMITED |
Director |
15/04/2003 |
15/04/2003 |
13/07/2010 |
Active |
NO |
|
4 |
U51909MH2002PTC136790 |
DHANISTA MERCANTILE
PRIVATE LIMITED |
Director |
01/02/2005 |
01/02/2005 |
- |
Strike off |
NO |
|
5 |
U45201MH2006PTC164189 |
ASK DEVELOPERS PRIVATE
LIMITED |
Director |
30/08/2006 |
30/08/2006 |
- |
Active |
NO |
|
Name : |
Mr. Prem Kumar Sarin |
|
Designation : |
Director |
|
Address : |
A 5 Pundrik Vihar, Pitam Pura, New Delhi – 110034, Delhi, India |
|
Date of Birth/Age : |
03.07.1954 |
|
Date of Appointment : |
05.03.2001 |
|
Date of Ceasing: |
05.05.2003 |
|
|
|
|
Name : |
Mr. Rajiv Sarni |
|
Designation : |
Director |
|
Address : |
A 5 Pundrik Vihar, Pitam Pura, New Delhi – 110034, Delhi, India |
|
Date of Birth/Age : |
10.03.1980 |
|
Date of Appointment : |
05.03.2001 |
|
Date of Ceasing: |
05.05.2003 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Jagdish Chand Joshi |
|
505000 |
|
Pramila Jishi |
|
140000 |
|
Prakash Chandola |
|
80000 |
|
Deepak Sood |
|
20000 |
|
Rekha Joshi |
|
100000 |
|
Pritam Singh Atree |
|
5000 |
|
Sattish Lognathan Mudaliar |
|
333333 |
|
Aswanii Kumar Dham |
|
238534 |
|
Abha Dham |
|
94800 |
|
ACE Copiers Private Limited, Delhi |
|
155000 |
|
P S Atree and Company Private Limited, Delhi |
|
328333 |
|
Total |
|
2000000 |
AS ON 30.09.2010
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of OPC Drum. |
|
|
|
|
Brand Names : |
Topco |
|
|
|
|
Exports : |
|
|
Products : |
OPC Drum |
|
Countries : |
·
Dubai ·
Singapore ·
China |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
Japan ·
China |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Credit, T/T |
|
|
|
|
Purchasing : |
L/C, T/T |
GENERAL INFORMATION
|
Customers : |
Distribution |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
100 (In office) |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
Punjab National Bank, IBB DCM Building, 8th Floor, Barakhamba Road,
New Delhi - 110001, Delhi, India |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
PC, LC, CC - Rs.15.000 Millions
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Anil Ram and Associates Chartered Accountant |
|
Address : |
4834/24, Kiran Mansion, Office No.306, 3rd Floor, Ansari
Road, Darya Ganj, New Delhi – 110002, Delhi, India |
|
|
|
|
Associates/Subsidiaries : |
NA |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover (Approximately) |
|
|
50.100 |
Expected Sales (2011-2012) : Rs.70.000 Millions
The above information has been parted by Mr. Prakash Chandala
(Director).
Note : Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry
Records.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
20.000 |
20.000 |
20.000 |
|
|
2] Share Application Money |
36.525 |
35.525 |
21.525 |
|
|
3] Reserves & Surplus |
31.114 |
21.536 |
22.004 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
87.639 |
77.061 |
63.529 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
58.163 |
71.671 |
70.064 |
|
|
2] Unsecured Loans |
2.700 |
2.344 |
2.250 |
|
|
TOTAL BORROWING |
60.863 |
74.015 |
72.314 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
148.502 |
151.076 |
135.843 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
121.302 |
133.650 |
126.970 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
|
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
(2.817) |
(5.441) |
(3.265) |
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
20.927
|
22.038 |
11.681 |
|
|
Sundry Debtors |
9.919
|
15.909 |
5.118 |
|
|
Cash & Bank Balances |
0.415
|
0.882 |
0.063 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
9.760
|
8.659 |
7.073 |
|
Total
Current Assets |
41.021
|
47.488 |
23.935 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
16.377
|
24.366 |
9.915 |
|
|
Other Current Liabilities |
0.195
|
0.137 |
0.591 |
|
|
Provisions |
0.204
|
0.293 |
1.504 |
|
Total
Current Liabilities |
16.776
|
24.796 |
12.010 |
|
|
Net Current Assets |
24.246
|
22.693 |
11.925 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.136 |
0.174 |
0.213 |
|
|
|
|
|
|
|
|
TOTAL |
148.502 |
151.076 |
135.843 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
54.312 |
64.294 |
43.006 |
|
|
|
Other Income |
10.017 |
2.125 |
0.301 |
|
|
|
TOTAL (A) |
64.329 |
66.419 |
43.307 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
26.498 |
29.249 |
17.447 |
|
|
|
Manufacturing Expenses |
12.163 |
10.691 |
7.585 |
|
|
|
Administrative Expenses |
10.659 |
11.470 |
11.382 |
|
|
|
Loss on Sale of Capital Assets |
0.000 |
0.000 |
0.170 |
|
|
|
Increased / (Decreased) In Stock |
(0.601) |
(4.872) |
(6.072) |
|
|
|
TOTAL (B) |
48.719 |
46.538 |
30.512 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
15.610 |
19.881 |
12.795 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.284 |
11.337 |
1.752 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7.326 |
8.544 |
11.043 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.150 |
6.542 |
2.039 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.176 |
2.002 |
9.004 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
(8.022) |
1.535 |
3.047 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
9.198 |
(0.467) |
5.957 |
|
|
|
|
|
|
|
|
|
Add |
TAX CREDIT
ALLOWABLE UNDER MAT |
0.379 |
0.000 |
0.002 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
9.577 |
(0.467) |
5.959 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
14.30
|
(0.70) |
13.75 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.16
|
3.11 |
20.93 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.72
|
1.10 |
5.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.03 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.88
|
1.28 |
1.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.44
|
1.92 |
1.99 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8:
|
Corporate identity number of the company |
U72900DL2001PTC109897 |
|
Name of the company |
OPC TECHNOLOGY JAPAN PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
B-46 Kalkaji, New Delhi, Delhi, India |
|
This form is for |
Modification of charge |
|
Type of charge |
Book Debts Immovable Property Movable Property Others |
|
Particular of charge holder |
PUNJAB NATIONAL BANK |
|
Nature of instrument creating charge |
Hypothecation of current assets.
Hypothecation of movable assets forming part of fixed/block assets, Hyp. of
goods and book debts to secure cash credit facility, letter for constructive
deposit of title deeds. |
|
Date of instrument Creating the charge |
19/01/2010 |
|
Amount secured by the charge |
Rs.65.900 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest As per agreement of various credit
facilities. Terms of Repayment As per agreement. Margin As per agreement of various credit
facilities. Extent and Operation of the charge 1st charge by way of hypothecation of
stocks of various raw material/stocks in process/finished goods and other
currents assets including packing material, Book debt, outstanding decrees,
Monies receivables, govt. subsidies, claims, bills, contract and investments.
All movable assets forming part of fixed/block assets, equitable mortgage of
properties B-1, GNEPIP, site-V, surajpura kasna, greater Noida, U.P Others The above is to secure revised fund/non
fund based credit facilities/term loans of Rs.65.900 Millions |
|
Short particulars of the property charged |
Hypothecation of stocks of various raw material/stocks
in process/finished goods and other currents assets including packing
material. Book debt, outstanding decrees, Monies receivables, govt.
subsidies, claims, bills, contract and investments. All movable assets
forming part of fixed/block assets. Equitable mortgage of property B-1,
GNEPIP, site-V, surajpura kasna, greater Noida, U.P. |
|
Date of instrument modifying the charge |
13/08/2009 |
|
Particulars of the present modification |
Charges has been modified to secure the
enhanced credit facilities of Rs. 65.900 Millions as per detail given below:- Fund Based i) Cash Credit (stock/BD)-Rs. 11.500
Millions. ii) Packing credit Rs. 6.500 Millions (sub Limit
FOBP/FOUBNLC/FOUBP-Rs. 3.000 Millions). Ceiling Fund Based Rs. 18.000
Millions Non Fund Based ILC/FLC(DA/DP) Rs. 5.500 Millions (Sub
Limit ILC/FLC-DA-Rs. 2.500 Millions). Ceiling Non Fund Based Rs 5.500
Millions Existing Term Loan - Rs. 42.400 Millions |
TRADE REFERENCES:
·
ACE Copier Private
Limited, Daryaganj, New Delhi
·
PLS International Pte.
Limited, Singapore
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.48.22 |
|
|
1 |
Rs.75.63 |
|
Euro |
1 |
Rs.65.64 |
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 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.