MIRA
INFORM REPORT
|
Report Date : |
01.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHREE SATYA MINERALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
9 B Shree Krupanand Vihar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
27.02.1996 |
|
|
|
|
Com. Reg. No.: |
11-97694 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs.5.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
u51909mh1996ptc097694 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
mums37187D |
|
|
|
|
PAN No.: [Permanent Account No.] |
aabcs4070 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Resin Coated Sand. |
|
|
|
|
No. of
Employees: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 151000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established
company having satisfactory track. Financial position of the company
appears to be sound. It has achieved a better increase in is sales and
profits during 2011. Trade relations are reported as decent. Business is active. Payments
are reported to be regular and as per commitments The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Ms. Janvi |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-7875556038 |
|
Date : |
31.07.2012 |
LOCATIONS
|
Registered Office : |
9B, Shree Krupa anand
Vihar, Chs, |
|
Tel. No.: |
91-22-24072650/26051048 / 26054383 |
|
Mobile No.: |
91-7875556038 (Ms. Jannvi) |
|
Fax No.: |
91-22-24044828// 26486952 |
|
E-Mail : |
|
|
Website : |
www.shreesatya.com |
|
Location : |
Owned |
|
|
|
|
Factory : |
Unit No. 469, Highway No. 6, ambadvet
pirangut, Taluka – Mulshi,
District, Pune – 411 004, |
|
Tel. No.: |
95250-25171766/25171855/30913087 |
|
Fax No.: |
95250-25171833 |
|
Location : |
Owned |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Satish |
|
Designation : |
Director |
|
Address : |
9B, Shree Krupa anand
Vihar, Chs, |
|
Date of Birth/Age : |
06.03.1957 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
27.02.1996 |
|
Din No.: |
01248417 |
|
|
|
|
Name : |
Mrs. Rashmi S Janwalikar |
|
Designation : |
Director |
|
Address : |
9B, Shree Krupa anand
Vihar, Chs, |
|
Date of Birth/Age : |
13.06.1923 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.10.1996 |
|
Din No.: |
01249190 |
KEY EXECUTIVES
|
Name : |
Ms. Janvi |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Satish |
|
2400 |
|
Rashmi S Janwalikar |
|
1370 |
|
Total |
|
3770 |
As on 05.12.2011
|
Names of Allottes |
|
No. of Shares |
|
Satish |
|
22100 |
|
Rashmi S Janwalikar |
|
9130 |
|
Total |
|
31230 |
As on 02.02.2012
|
Names of Allottes |
|
No. of Shares |
|
Satish |
|
10500 |
|
Rashmi S Janwalikar |
|
4500 |
|
Total |
|
15000 |
As on 30.09.2011
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Resin Coated Sand. |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
·
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C Cash/Credit (30 Days) |
|
|
|
|
Purchasing : |
L/C Cash/Credit (30 Days) |
GENERAL INFORMATION
|
Suppliers : |
·
Vat Collection ·
Census Services ·
Lalji chaurasiya ·
Laxmi transport
Services ·
Praskash N. Vhale ·
Rakesh Gas Equipment ·
Rashmi J For Guest
House ·
Ram Agro Enterprises ·
Ganesh Transport ·
Goksha Nagare ·
·
Wages and Salaries
Payable ·
Shree Ganesh Electrical
·
Shree Air Clearing
Services ·
Sharad Patil ·
·
Swami Electrical and
Consultants ·
Vishal Kusolkar ·
Dry Tech Eng ·
Fortune Group Services ·
Demi Industrial
Marketing Private limited |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
25 (Approximately) |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
The Shamrao Vithal Co–Operative Bank Limited,, ·
HDFC Bank, HDFC Bank Housesenapati Bapat Marg,
Lower Parel (West), Mumbai, |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
Rs.
In Millions
|
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Karia and Shah Chartered Accountant |
|
Address : |
309, 3rd Floor, Rajgir Sadan Opposite, Sion Railway
Station, Laxmi Baug Sion (West) Mumbai – 400022, |
|
Tell No.: |
91-22-24044828/2407 2650 |
|
Fax No,: |
91-22-2404 4828 |
|
Email: |
|
|
Pan No.: |
AACPS107N |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Share |
Rs.100/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3770 |
Equity Share |
Rs.100/- each |
Rs.0.377 Million
|
|
|
|
|
|
After 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Share |
Rs.100/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Share |
Rs.100/- each |
Rs.5.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.377 |
0.377 |
0.377 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
37.354 |
27.270 |
3.699 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
37.731 |
27.647 |
4.076 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
38.793 |
28.827 |
31.540 |
|
|
2] Unsecured Loans |
4.356 |
12.937 |
12.083 |
|
|
TOTAL BORROWING |
43.149 |
41.764 |
43.623 |
|
|
DEFERRED TAX LIABILITIES |
0.328 |
0.323 |
0.368 |
|
|
|
|
|
|
|
|
TOTAL |
81.208 |
69.734 |
48.067 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
53.143 |
55.783 |
36.550 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
3.943 |
1.615 |
1.292 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
6.361
|
6.101 |
4.307 |
|
|
Sundry Debtors |
33.625
|
18.345 |
15.133 |
|
|
Cash & Bank Balances |
0.379
|
1.395 |
1.571 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
12.390
|
6.726 |
9.271 |
|
Total
Current Assets |
52.755
|
32.567 |
30.282 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
19.544
|
16.376 |
16.862 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
9.089
|
3.855 |
3.195 |
|
Total
Current Liabilities |
28.633
|
20.231 |
20.057 |
|
|
Net Current Assets |
24.122
|
12.336 |
10.225 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.00 |
|
|
|
|
|
|
|
|
TOTAL |
81.208 |
69.734 |
48.067 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
160.979 |
81.588 |
68.601 |
|
|
|
Other Income |
0.133 |
0.395 |
0.107 |
|
|
|
TOTAL (A) |
161.112 |
81.983 |
68.708 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Cost of Goods Sold |
|
38.176 |
34.009 |
|
|
|
Direct Expenses |
|
22.707 |
21.152 |
|
|
|
Personnel Expenses |
Including
Interest |
3.125 |
3.215 |
|
|
|
Selling and Distribution Expenses |
3.645 |
3.665 |
|
|
|
|
Office and Administration Charges |
4.462 |
3.187 |
|
|
|
|
Loss on |
0.000 |
0.061 |
|
|
|
|
TOTAL (B) |
141.996 |
72.115 |
65.289 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
19.116 |
9.868 |
3.419 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
5.477 |
2.815 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
19.116 |
4.391 |
0.604 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.425 |
5.105 |
2.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
14.691 |
(0.714) |
(1.796) |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
4.607 |
(0.046) |
0.496 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
10.084 |
(0.668) |
(2.292) |
|
|
|
|
|
|
|
|
|
Add |
PROFIT
ON REVALUATION |
NA |
24.240 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
23.572 |
(2.292) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.675 |
6.253 |
(608) |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
300.000 |
|
|
|
|
|
Expected Sales (2012-2013): Rs.400.000 Millions
The above information has been parted by Ms. Janvi (Finance Manager )
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
6.26 |
(0.81) |
(3.34) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.13 |
(0.88) |
(2.61) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.87 |
(0.81) |
(2.68) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.39 |
(0.03) |
(0.44) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.90 |
2.24 |
15.62 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.84 |
1.61 |
1.50 |
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Constitution
of the firm |
Yes |
|
Premises
details |
No |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
Yes |
|
No.
of Employees |
Yes |
|
Name
of Person Contacted |
Yes |
|
Designation
of contact person |
Yes |
|
Turnover
of firm for last three years |
Yes |
|
Profitability
for last three years |
Yes |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
Yes |
|
Capital
the business |
Yes |
|
Details
of sister concerns |
No |
|
Major
Suppliers |
Yes |
|
Major
Customers |
No |
|
Payment
Terms |
Yes |
|
Export
/ Import Details [If Applicable] |
Yes |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
Yes |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
Yes |
|
Incorporation
details, if applicable |
Yes |
|
Last
accounts filed at ROC |
Yes |
|
Major
Shareholders, if applicable |
Yes |
|
PAN of
Proprietor/Partner/Director, if available |
No |
|
Passport No of Proprietor/Partner/Director,
if available |
No |
|
Voter ID No of
Proprietor/Partner/Director, if available |
No |
DETAILS OF SUNDRY CREDITORS
|
Particular |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditor for Goods (A) |
17.460 |
13.893 |
14.662 |
|
Sundry Creditor for Expense |
|
|
|
|
Vat Collection |
0.002 |
0.000 |
|
|
Census Services |
0.015 |
0.000 |
|
|
Lalji chaurasiya |
0.089 |
0.149 |
|
|
Laxmi transport Services |
0.000 |
0.734 |
|
|
Praskash N. Vhale |
0.000 |
(0.015) |
|
|
Rakesh Gas Equipment |
0.000 |
(0.019) |
|
|
Rashmi J For Guest House |
0.060 |
0.000 |
|
|
Ram Agro Enterprises |
0.000 |
0.000 |
|
|
Ganesh Transport |
0.724 |
0.696 |
|
|
Goksha Nagare |
0.000 |
0.000 |
|
|
|
0.006 |
0.025 |
|
|
Wages and Salaries Payable |
0.219 |
0.153 |
|
|
Shree Ganesh Electrical |
0.013 |
0.000 |
|
|
Shree Air Clearing Services |
0.013 |
0.113 |
|
|
Sharad Patil |
0.009 |
(0.006) |
|
|
|
0.027 |
0.015 |
|
|
Swami Electrical and Consultants |
0.000 |
(0.202) |
|
|
Vishal Kusolkar |
0.000 |
(0.001) |
|
|
Dry Tech Eng |
0.003 |
0.000 |
|
|
Fortune Group Services |
0.080 |
0.112 |
|
|
Demi Industrial Marketing Private
limited |
0.355 |
0.355 |
|
|
Ders and Sons |
0.000 |
0.097 |
|
|
Director Remuneration Payable |
0.000 |
0.272 |
|
|
Ashok Transport |
0.044 |
0.000 |
|
|
Awagaman Logistic |
0.013 |
0.000 |
|
|
Rent Payable (Factory) |
0.429 |
0.036 |
|
|
Rhino Machino Indian Equipment |
0.000 |
(0.019) |
|
|
Rane Engineering and Surveyors |
(0.005) |
0.000 |
|
|
Hiraman Koniba |
(0.012) |
(0.012) |
|
|
Aqua Gold Minerals |
0.000 |
0.000 |
|
|
Kunal Enterprises |
0.000 |
0.000 |
|
|
Ship Air Clearing Agencies |
0.000 |
0.000 |
|
|
Suchela Diesel Sales and Services |
0.000 |
0.000 |
|
|
Trident Services Limited |
0.000 |
0.000 |
|
|
Total (B) |
2.084 |
2.483 |
2.200 |
|
Total (A+B) |
19.544 |
16.376 |
16.862 |
FINANCIAL RESULTS:
The Manufacturing unit at
Pune is Functioning well as per the projections 4 the Directors are looking
ahead for the better prospects. During. the year the total sales achieved stood
at Rs. 160..78 Millions and the Cash Profit for the year (before depreciation)
was Rs. 19.115 Millions The final PROFIT for the year (after depreciation and
taxes) of Rs.10.084 Millions due to the heavy depreciation on the plant &
machinery imported for the new project which is being used to recycle A
regenerate the used sand again for using in manufacture of resin coated sand
whereby the company is saving a great extent of money on raw material &
other overheads. The project is completed and has been used for commercial
productions during the financial year 2010-2011.
FUTURE OUTLOOK:
The Directors are looking
for the supply of better quality raw material from the mining area of
Sindhudurg and hope to have a tie up with the manufacturer of graded silica sand
on regular contract basis. Further the use of new Plant & machinery for
producing the reclaimed sand will also bring the cost low and will help the
company to plough back the better profits. Based on the revival and growth of
the automobile sector the company projects turnover of Rs. 240.000
MIllions during the Financial Year
2011-12 i.e. growth of more than 50%.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U51909MH1996PTC097694 |
|
Name of the
company |
SHREE SATYA MINERALS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
9B, Shree Krupa anand
Vihar, Chs, Email: ssatya@vsnl.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be
modified |
10314458 |
|
Type of charge |
· Immovable property ·
Any interest in immovable property |
|
Particular of charge
holder |
The Shamrao Vithal Co–Operative Bank Limited,, Email: kamathsn@svcbank.com |
|
Nature of description
of the instrument creating or modifying the charge |
Supplemental Deed
Of Mortgage |
|
Date of
instrument Creating the charge |
07.12.2011 |
|
Amount secured by
the charge |
Rs.54.500 Million
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As may be decided
by the bank from time to time. Terms of Repayment: As may be decided
by the bank from time to time. Margin : As may be decided
by the bank from time to time. Extent and Operation of the charge: To secure due
repayment of credit facilities aggregating Rs.545 Lacs, together with cost,
charges, interest, expenses thereof, granted by the Bank, to the Company. Others: Rs. in Millions CC - 20.000 (enhanced by 5.000) Bill
discounting- 4.500 Term Loan - 20.000 Letter of Credit
- 10.000 (enhanced by 6.000) -------------- Total - 54.500 |
|
Short particulars
of the property charged |
All that piece
& parcel of the property being land admeasuring 00H 31.9R bearing Survey
No. 469/6 along with the factory building constructed/ to be constructed
thereon situated at Ambadvet, Taluka Mulshi, Dist Pune. |
|
Particulars of the present modification |
By the present
modification, the charge shall hold good to secure additional credit
facilities aggregating Rs.15.500 Millions. Hence the aggregate facilities
secured by the charge have been enhanced from Rs.39.000 Millions to Rs.54.500
Millions (being additional Cash Credit Rs.5.000 Millions and additional LC of
Rs.6.000 Millions. and Bills Discounting of Rs 4.500 Millions). Therefore the
overall charge stands modified at Rs.54.500 Millions. |
fixed assets:
· Air Conditioner
· Motor Car
· Computer
· Industrial Shed
· Furniture and Fixtures
· Office Equipments
· Plant and Machinery
· Electrical Equipment
· Capital Work In Progress
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.55.81 |
|
|
1 |
Rs.87.67 |
|
Euro |
1 |
Rs.68.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
BYI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
51 |
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.