1. Summary Information
|
|
|
Country |
|
|
Company Name |
SUPERMAX
PERSONAL CARE PRIVATE LIMITED |
Principal Name 1 |
Mr. Amit Bhansali |
|
Status |
Moderate |
Principal Name 2 |
Mr. Kunal Uddhavdas Agarawal |
|
|
|
Registration # |
11-207411 |
|
Street Address |
4th Floor Malhotra House, Opposite GPO, Fort,
Mumbai-400001, Maharashtra |
||
|
Established Date |
03.09.2010 |
SIC Code |
-- |
|
Telephone# |
91-22-22697584 / 85 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-22695292 |
Business Style 2 |
Seller |
|
Homepage |
-- |
Product Name 1 |
Shaving Products and Systems |
|
# of employees |
6000 (Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.476,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings 100.00% |
Banking |
Punjab National
Bank |
|
Public Limited Corp. |
No |
Business Period |
1 Year |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (28) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding Company |
-- |
Supermax Singapore Pte Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
4,131,808,000 |
Current Liabilities |
4,040,066,000 |
|
Inventories |
751,260,000 |
Long-term Liabilities |
1,464,031,000 |
|
Fixed Assets |
2,636,362,000 |
Other Liabilities |
859,906,000 |
|
Deferred Assets |
13,748,000 |
Total Liabilities |
6,364,003,000 |
|
Invest& other Assets |
288,166,000 |
Retained Earnings |
1,484,824,000 |
|
|
|
Net Worth |
1,457,341,000 |
|
Total Assets |
7,821,344,000 |
Total Liab. & Equity |
7,821,344,000 |
|
Total Assets (Previous Year) |
-- |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
104,516,000 |
Net Profit/Loss |
(27,959,000) |
|
Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
-- |
MIRA
INFORM REPORT
|
Report Date : |
27.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
SUPERMAX PERSONAL CARE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
4th Floor Malhotra House, Opposite GPO, Fort,
Mumbai-400001, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
03.09.2010 |
|
|
|
|
Com. Reg. No.: |
11-207411 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.476 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27310MH2010PTC207411 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNES29813A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAOCS7144Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is primarily engaged in the business of manufacturing and selling
of shaving products and systems. |
|
|
|
|
No. of Employees
: |
6000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 5800000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
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 but correct. The company can be considered for business dealings with some
cautions. |
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) |
|
|
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. Vijay |
|
Designation : |
H R Head |
|
Contact No.: |
91-22-39291092 |
LOCATIONS
|
Registered Office : |
4th Floor Malhotra House, Opposite GPO, Fort,
Mumbai-400001, |
|
Tel. No.: |
91-22-22697584 / 85 |
|
Fax No.: |
91-22-22695292 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
6th Floor, |
|
Tel. No.: |
91-22-39291000 |
|
Fax No.: |
91-22-39167197 |
|
|
|
|
Factory : |
Wagle Estate, P.O. L.B.S Marg, Thane-400604 (West), |
|
Tel No.: |
91-22-40451000 |
|
Fax No.: |
91-22-25823415 |
|
|
|
|
|
Plot No.2 and 2B, Phase-IV, IDA Jeedimetla, Hyderabad-500055, |
|
Tel. No.: |
91-40-23095241 / 27 |
|
Fax No.: |
91-40-23095302 |
DIRECTORS
AS ON 24.12.2011
|
Name : |
Mr. Amit Bhansali |
|
Designation : |
Additional Director |
|
Address : |
1/4/1, |
|
Date of Birth/Age : |
28.12.1979 |
|
Date of Appointment : |
11.04.2011 |
|
DIN No.: |
02625472 |
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 |
U28931MH1953PTC018405 |
VIDYUT
METALLICS PRIVATE LIMITED |
Additional
director |
18-02-11 |
27-06-09 |
01-06-11 |
Active |
NO |
|
2 |
U27310MH2010PTC207411 |
SUPERMAX
PERSONAL CARE PRIVATE LIMITED |
Additional
director |
11-04-11 |
30-10-10 |
- |
Active |
NO |
|
Name : |
Mr. Kunal Uddhavdas Agarawal |
|
Designation : |
Additional Director |
|
Address : |
18, |
|
Date of Birth/Age : |
15.08.1982 |
|
Date of Appointment : |
29.09.2011 |
|
DIN No.: |
03639047 |
|
|
|
|
Name : |
Mr. Sidhartha Suri |
|
Designation : |
Additional Director |
|
Address : |
Flat No. E-300, Reserve Bank Staff Quarters, Maratha Mandir Marg,
Byculla, Mumbai-400008, |
|
Date of Birth/Age : |
13.11.1972 |
|
Date of Appointment : |
24.03.2011 |
|
DIN No.: |
03344278 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U27310MH2010PTC207411 |
SUPERMAX
PERSONAL CARE PRIVATE LIMITED |
Director |
24-12-11 |
24-03-11 |
Active |
NO |
|
2 |
U01541KA1985PTC006784 |
APPU
NUTRITIONS PRIVATE LIMITED |
Additional
director |
18-01-12 |
18-01-12 |
Active |
NO |
|
3 |
U65910KA1996PTC019885 |
NILGIRIS
FRANCHISE PRIVATE LIMITED |
Additional
director |
18-01-12 |
18-01-12 |
Active |
NO |
|
4 |
U85110KA1988PTC009463 |
NILGIRI'S
MECHANISED BAKERY PRIVATE LIMITED |
Additional
director |
18-01-12 |
18-01-12 |
Active |
NO |
|
5 |
U52599KA2006PTC040316 |
KETTY
RETAIL VENTURES PRIVATE LIMITED |
Additional
director |
18-01-12 |
18-01-12 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Vijay |
|
Designation : |
H R Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 24.12.2011
|
Names of Shareholders |
No. of Shares |
|
Supermax Singapore Ptd. Limited, |
47599 |
|
Supermax |
1 |
|
Total |
47600 |
AS ON 24.12.2011
|
Equity Shares
Break Up |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is primarily engaged in the business of manufacturing and
selling of shaving products and systems. |
|
|
|
|
Exports : |
|
|
Products : |
Razor and Blades |
|
Countries : |
·
·
US ·
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Installed
Capacity |
-- |
361 |
|
|
||
|
Particulars |
Unit |
Actual
Production |
|
Safety Major Blades |
Pkts. |
2000 |
|
Twin type shaving |
Pkts. |
169 |
|
Semi finished (twin type shaving) |
Pkts. |
19 |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||
|
No. of Employees : |
6000 (Approximately) |
||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Punjab National Bank, ·
Andhra Bank ·
Oriental Bank of Commerce |
||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B S R and Company Chartered Accountants |
|
Address : |
Building No.10, 8th Floor, Tower –B, |
|
Tel. No.: |
91-22-39896000 |
|
Fax No.: |
91-22-39836000 |
|
Pan No.: |
AAIFB4734C |
|
|
|
|
Holding Company : |
Supermax Singapore Pte Limited |
|
|
|
|
Fellow Subsidiaries : |
·
Wesley International Limited ·
Tigaksha Metallics Private Limited |
CAPITAL STRUCTURE
AS ON 30.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
47600 |
Equity Shares |
Rs.10/- each |
Rs. 0.476
Million |
|
|
|
|
|
Note:
Of the above 47599 shares of Rs. 10 each are held
by Supermax Singapore Pte Limited the holding company.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.476 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1484.824 |
|
|
4] (Accumulated Losses) |
|
|
(27.959) |
|
|
NETWORTH |
|
|
1457.341 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
1427.366 |
|
|
2] Unsecured Loans |
|
|
36.665 |
|
|
TOTAL BORROWING |
|
|
1464.031 |
|
|
DEFERRED TAX LIABILITIES |
|
|
675.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3596.372 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2636.362 |
|
|
Capital work-in-progress |
|
|
288.166 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
13.748 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
751.260 |
|
|
Sundry Debtors |
|
|
2574.975 |
|
|
Cash & Bank Balances |
|
|
905.566 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
651.267 |
|
Total
Current Assets |
|
|
4883.068 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1963.788 |
|
|
Other Current Liabilities |
|
|
2076.278 |
|
|
Provisions |
|
|
184.906 |
|
Total
Current Liabilities |
|
|
4224.972 |
|
|
Net Current Assets |
|
|
658.096 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3596.372 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
03.09.2011
to 31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
|
|
104.516 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
|
|
166.236 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
(61.720) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
(11.113) |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
(50.607) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
(8.900) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
|
|
(41.707) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
(13.748) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
|
|
(27.959) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
|
(27.959) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
|
|
2.022 |
|
|
TOTAL EARNINGS |
|
|
2.022 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
|
10.051 |
|
|
TOTAL IMPORTS |
|
|
10.051 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
|
(2.699) |
|
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2011 |
|
PAT / Total Income |
(%) |
|
|
(26.75) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
(0.55) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
(0.03) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
4.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
1.15 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1. Year of Establishment |
Yes |
|
2. Locality of the firm |
Yes |
|
3. Constructions of the firm |
Yes |
|
4. Premises details |
No |
|
5. Type of Business |
Yes |
|
6. Line of Business |
Yes |
|
7. Promoter’s background |
Yes |
|
8. No. of Employees |
Yes |
|
9. Name of person contacted |
Yes |
|
10. Designation of contact person |
Yes |
|
11. Turnover of firm for Current One years |
Yes |
|
12. Profitability for one year |
Yes |
|
13. Reasons for variation <> 20% |
No |
|
14. Estimation for coming financial year |
No |
|
15. Capital in the business |
No |
|
16. Details of sister concerns |
Yes |
|
17. Major suppliers |
No |
|
18. Major customers |
No |
|
19. Payments terms |
No |
|
20. Export / Import details |
No |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
23. Banking Details |
Yes |
|
24. Banking facility details |
Yes |
|
25. Conduct of the banking account |
------ |
|
26. Buyer visit details |
------ |
|
27. Financials, if provided |
Yes |
|
28. Incorporation details, if applicable |
Yes |
|
29. Last accounts filed at ROC |
Yes |
|
30. Major Shareholders, if available |
Yes |
BACKGROUND
Subject was incorporated on 3rd September 2010 as a private
limited company. The company is primarily engaged in the business of
manufacturing and selling of shaving products and systems.
OPERATIONS:
The Company acquired
business of manufacturing shaving systems, safety razor blades, safety razors
from Vidyut Metallics Private Limited with effect from 19th March
2011.
During the period,
the company registered a Sales Turnover (including exports) of Rs. 115.167 Millions,
Domestic sales amounted to Rs. 111.414 Millions, whereas Export sales were Rs.
3.753 Millions, during the period. It may be noted that the figures given above
are not comparable with earlier period since this is the first year of
operation of the Company.
FORM 8
|
This form is for |
Modification of charge |
|
Charge identification number of the
modified |
10289018 |
|
Corporate identity number of the company |
U27310MH2010PTC207411 |
|
Name of the company |
SUPERMAX PERSONAL CARE PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
4th Floor Malhotra House, Opposite GOP, Fort,
Mumbai-400001, |
|
Type of charge |
Book Debts Movable Property (not being pledge) Floating Charge Immovable Property |
|
Particular of charge holder |
Punjab National Bank, |
|
Email |
|
|
Nature of description of the instrument
creating or modifying the charge |
Memorandum of deposit of leasehold right |
|
Date of instrument Creating the charge |
28.05.2011 |
|
Amount secured by the charge |
Rs.2409.000 Millions |
|
Brief particulars of the principal terms
an conditions and extent and operation of the charge |
Rate of Interest Same as the original charge Terms of Repayment Same as the original charge Margin Same as the original charge Extent and Operation of the charge Same as the original charge Others The said amount of Rs. 2409.000 Millions
extended under consortium arrangement as under PUNJAB NATIONAL BANK- Rs.1205.000 Millions ORIENTAL BANK OF COMMERCE- Rs.925.000
Millions ANDHRA BANK- Rs.279.000 Millions |
|
Short particulars of the property charged |
All the piece and parcel of land
admeasuring 15566 acres, plot No 2 and 2B, S no. 79, Phase IV, IDA,
Jeedimetla, Ranga Reddy, Andhra Pradesh All piece and parcel of land admeasuring 3
acres, equivalent to 14,520 sq.yds. bearing Survey No. 79, Village
Gajularamaram, Land situated at Naupada, Thane,
Maharashtra, under S No. 29, Hissa No. 1/1 m CST No 39, about S no. 29 m
Gusssa Bi, 1/3 (part) CST No. 45 belonging to "Vidyut Metallics P
Ltd" House no 6-3-1186, Begumpet, Hyderabad,
Near ITC Grand Kakatiya Hotel, Next to Somajiguda Flyover belonging to
"Unique Properties and Securities Private Limited" and
"Emerald Investments Private Limited " All the current assets of the borrower,
present and future including entire stocks, SIP, RIM, FG, book debts, loans
ad advances etc., other materials Deposits of confirmed orders and/or
original irrevocable LCs of approved foreign banks, DA/DP bills drawn on
approved banks, as may be permitted by the bank from time to time. Deposit of lease hold rights of all piece
and parcel of land bearing Survey No. 90, Hissa No. 1, admeasuring 16983
sq.yds. Survey No.95, Hissa No.4. Admeasuring 242 sq.yds. Survey No.95,
Hissa No. 8, admeasuring 1391 sq. yds.t ogether with the factory shed
admeasuring 4720 sq. ft situated at Village Naupada, Thane District, Mumbai |
|
Particulars of the present
modification |
Deposit of lease hold rights of all piece
and parcel of land bearing Survey No. 90, Hissa No. 1, admeasuring 16983
sq.yds. Survey No.95, Hissa No.4. Admeasuring 242 sq.yds. Survey No.95, Hissa
No. 8, admeasuring 1391 sq. yds. together with the factory shed admeasuring
4720 sq. ft situated at Village Naupada, Thane District, Mumbai |
FIXED ASSETS
·
Goodwill
·
·
Building
·
Plant and Machinery
·
Furniture and Fixtures
·
Office Equipments
·
Motor Vehicles
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.52.57 |
|
|
1 |
Rs.85.03 |
|
Euro |
1 |
Rs.69.56 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
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 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
28 |
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.