1. Summary Information
|
|
|
Country |
India |
|
Company Name |
ONWARD CHEMICALS
PRIVATE LIMITED |
Principal Name 1 |
Mr. Amit Shyamsunder Tibrewala |
|
Status |
Satisfactory |
Principal Name 2 |
Mrs. Panadevi Shyamsunder Tibrewala |
|
|
|
Registration # |
11-100010 |
|
Street Address |
No 11, Creative Industrial Estate, N. M. Joshi Marg, Lower Parel
(East), Mumbai – 400 011, Maharashtra, India |
||
|
Established Date |
05.06.1996 |
SIC Code |
-- |
|
Telephone# |
91-22-23012929/ 40546474 |
Business Style 1 |
Distributor |
|
Fax # |
91-22-23003030/ 40546400 |
Business Style 2 |
Importer |
|
Homepage |
Product Name 1 |
Specialty Chemicals |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 2,050,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of
directors – 100% |
Banking |
Bank of Baroda |
|
Public Limited Corp. |
NO |
Business Period |
16 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba
(45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
32,152,000 |
Current Liabilities |
14,510,000 |
|
Inventories |
3,397,000 |
Long-term Liabilities |
3,765,000 |
|
Fixed Assets |
6,292,000 |
Other Liabilities |
3,866,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
22,141,000 |
|
Invest& other Assets |
0,216,000 |
Retained Earnings |
17,866,000 |
|
|
|
Net Worth |
19,916,000 |
|
Total Assets |
42,057,000 |
Total Liab. & Equity |
42,057,000 |
|
Total Assets (Previous Year) |
38,531,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
216,760,000 |
Net Profit |
4,570,000 |
|
Sales(Previous yr) |
112,976,000 |
Net Profit(Prev.yr) |
3,573,000 |
|
Report Date : |
09.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
ONWARD CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No 11, Creative Industrial Estate, N. M. Joshi Marg, Lower Parel
(East), Mumbai – 400 011, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
05.06.1996 |
|
|
|
|
Com. Reg. No.: |
11-100010 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.050 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51496MH1996PTC100010 |
|
|
|
|
IEC No.: |
0396031561 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMO01924G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACO1770A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Distributor and Importer of Specialty Chemicals. |
|
|
|
|
No. of Employees
: |
Not Available |
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 79000 |
|
|
|
|
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
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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
31-03-2012.
LOCATIONS
|
Registered Office : |
No 11, Creative Industrial Estate, N. M. Joshi Marg, Lower Parel
(East), Mumbai – 400 011, Maharashtra, India |
|
Tel. No.: |
91-22-23012929 / 40546474 |
|
Fax No.: |
91-22-23003030 / 40546400 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1550 sq ft |
|
Location : |
Owned |
|
|
|
|
|
|
|
Branch Office 1: |
2, 3, 4, A.S. Complex Pandur Village Pandur, Tiruvalluvar – 631203,
Tamilnadu, India |
|
Tel. No.: |
91-44-27650399 |
|
Fax. No.: |
91-44-27650400 |
|
E-Mail : |
|
|
|
|
|
Branch Office 2: |
18A/1, Ground Floor, DLF Industrial Area, Phase I, Delhi NCR – 121003, India |
|
Tel. No.: |
91-129-4113366/ 4113377 |
|
E-Mail : |
DIRECTORS
As on: 30.09.2011
|
Name : |
Mr. Amit Shyamsunder Tibrewala |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
C-62, Grand Paradi Apartments, August Kranti Marg, Kemps Corner,
Mumbai – 400036, Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
26.03.1968 |
|||||||||||||||||||||||||||
|
Qualification : |
B. Com |
|||||||||||||||||||||||||||
|
Date of Appointment : |
05.06.1996 |
|||||||||||||||||||||||||||
|
DIN No.: |
00125547 |
|||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mrs. Panadevi Shyamsunder Tibrewala |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
C-62, Grand Paradi Apartments, August Kranti Marg, Kemps Corner, Mumbai
– 400036, Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.05.1949 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
12.07.1996 |
|||||||||||||||||||||||||||
|
DIN No.: |
00125606 |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Parul Amit Tibrewala |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
C-62, Grand Paradi Apartments, August Kranti Marg, Kemps Corner,
Mumbai – 400036, Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.05.1968 |
|||||||||||||||||||||||||||
|
Qualification : |
Graduate |
|||||||||||||||||||||||||||
|
Date of Appointment : |
20.03.2006 |
|||||||||||||||||||||||||||
|
DIN No.: |
00125449 |
|||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Amit Tibrewala |
|
73000 |
|
Rajesh Tibrewala |
|
1000 |
|
Panadevi Tibrewala |
|
1000 |
|
Shyam Sunder Tibrewala |
|
130000 |
|
|
|
|
|
Total |
|
205000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2011
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributor and Importer of Specialty Chemicals. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
Bank of Baroda,
Chandavarkar Road Branch, 309, Chandavarkar Road, Matunga (Central Railways),
Mumbai – 400019, Maharashtra, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R. P. Ladho and Associates Chartered Accountants |
|
Address : |
408/410, Rewa Chember, Marine Lines, Mumbai – 400 020, |
|
Tel. No.: |
91-22-22005656 |
|
Fax No.: |
91-22-22095656 |
|
E-Mail : |
|
|
PAN No.: |
AAAPR7669E |
CAPITAL STRUCTURE
As on: 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
205000 |
Equity Shares |
Rs.10/- each |
Rs.2.050
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 |
2.050 |
2.050 |
2.050 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
17.866 |
13.455 |
9.983 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
19.916 |
15.505 |
12.033 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
3.265 |
6.433 |
4.784 |
|
|
2] Unsecured Loans |
0.500 |
0.500 |
0.212 |
|
|
TOTAL BORROWING |
3.765 |
6.933 |
4.996 |
|
|
DEFERRED TAX LIABILITIES |
0.133 |
0.093 |
0.130 |
|
|
|
|
|
|
|
|
TOTAL |
23.814 |
22.531 |
17.159 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
6.292 |
1.415 |
1.302 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.216 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
3.397
|
5.850
|
13.173
|
|
|
Sundry Debtors |
13.918
|
12.890
|
10.122
|
|
|
Cash & Bank Balances |
12.875
|
17.191
|
3.468
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
5.359
|
1.181
|
3.733
|
|
Total
Current Assets |
35.549
|
37.112
|
30.496 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
14.510 |
15.928 |
14.537 |
|
|
Other Current Liabilities |
0.000 |
0.000 |
0.000 |
|
|
Provisions |
3.733
|
0.072
|
0.109
|
|
Total
Current Liabilities |
18.243
|
16.000
|
14.646 |
|
|
Net Current Assets |
17.306
|
21.112
|
15.850 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.004 |
0.007 |
|
|
|
|
|
|
|
|
TOTAL |
23.814 |
22.531 |
17.159 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
216.760 |
112.976 |
109.040 |
|
|
|
Other Income |
1.000 |
2.097 |
0.262 |
|
|
|
TOTAL (A) |
217.760 |
115.073 |
109.302 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
149.470 |
72.465 |
81.407 |
|
|
|
Custom Duty and DEPB License |
32.567 |
15.620 |
13.157 |
|
|
|
Administrative Expenses |
20.265 |
12.636 |
15.016 |
|
|
|
Increase/Decrease in Stock |
2.453 |
7.323 |
(7.245) |
|
|
|
TOTAL (B) |
204.755 |
108.044 |
102.335 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
13.005 |
7.029 |
6.967 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.047 |
1.693 |
1.655 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
6.958 |
5.336 |
5.312 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.321 |
0.192 |
0.248 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
6.637 |
5.144 |
5.064 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
2.067 |
1.571 |
1.652 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
4.570 |
3.573 |
3.412 |
|
|
|
|
|
|
|
|
|
Less |
PRIOR PERIOD
ADJUSTMENT |
0.159 |
0.101 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
13.005 |
9.533 |
6.121 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
17.416 |
13.005 |
9.533 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Commission Earnings |
0.004 |
0.866 |
0.344 |
|
|
TOTAL EARNINGS |
0.004 |
0.866 |
0.344 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
21.52 |
16.93 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.10 |
3.10 |
3.12 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.06 |
4.55 |
4.64 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.86 |
13.35 |
10.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33 |
0.33 |
0.42 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.11 |
1.47 |
1.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.95 |
2.31 |
2.08 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
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 |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
PERFORMANCE:
During the year the Company has made a profit of Rs.4.570 Millions after providing for depreciation of Rs.0.321 Million and Taxation of Rs.2.068 Millions.
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration
number of the company |
U51496MH1996PTC100010 |
|
Name of the
company |
ONWARD CHEMICALS
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in India of the company |
No 11, Creative Industrial Estate, N. M. Joshi Marg, Lower Parel
(East), Mumbai – 400 011, Maharashtra, India E-mail: accounts2@eximcorp.com
|
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10275373 |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
Bank of Baroda,
Chandavarkar Road Branch, 309, Chandavarkar Road, Matunga (Central Railways),
Mumbai – 400019, Maharashtra, India E-mail: shirishshetye@gmail.com |
|
Nature of
instrument creating charge |
Supplemental
Memorandum of Entry of Deposit of Title Deeds For Extension of Equitable
Mortgage. |
|
Date of
instrument Creating the charge |
28.06.2012 |
|
Amount secured by
the charge |
Rs.74.500
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest Interest to be
charged as per sanction/review of the account from time to time. Terms of
Repayment -- Margin -- Extent and
Operation of the charge The charge is modified
to secure the due repayment discharge and redemption in respect of the
FBP/FBD/PSDL/PC/CC (Hyp. of Stocks and Book Debts) - Rs.22.500 Millions [with
sub-limit : PC (upto 90 days) - Rs.15.000 Millions and CC (Hyp. of Stocks and
Book Debts) Rs.5.000 Millions] and Standby limit under Baroda Gold Card
Scheme for Exporters-FBP/FBD/PSDL/PC (upto 90 days) - Rs.4.500 Millions,
aggregating to Rs.27.000 Millions sanctioned to Exim Corporation and Line of
Credit limit of Rs.47.500 Millions Others [with sub-limits:
Cash Credit (Hypn. of Stocks and Book Debts) - Rs.47.500 Millions and Letter
of Credit (Import/Inland DP/DA upto 90 days) - Rs.47.500 Millions, sanctioned
to the Company together with interest, compound interest and or additional
interest in case of default, penal interest, liquidated damages, commitment
charges, premia on repayment or on redemption, guarantee commission, costs,
charges, expenses and other moneys payable by the Company and Exim
Corporation to the Bank. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Office
premises/Unit No.G-8 on Ground Floor, admeasuring 510 sq. ft. (Built up
area), i.e. 47.38 sq. mtrs., In Creative Industrial Centre Premises
Co-operative Society Limited, Shree Sitaram Mills Limited property in
registration sub-dist. Mumbai bearing Plot No.12, CS No.72 (Part), Ward
12/91, of Lower Parel Division at N. M. Joshi Marg, Lower Parel East, Mumbai
- 400 011 |
|
Date of
instrument modifying the charge |
22.03.2010 |
|
Particulars of
the present modification |
The charge is
increased upto Rs.74.500 Millions to cover various credit facilities
aggregating to Rs.27.000 Millions (Review) sanctioned to Exim Corporation and
Line of Credit limit of Rs.47.500 Millions (increased from Rs.33.000
Millions) sanctioned to the Company [with Sub-limits Cash Credit (Hypn. of
Stocks and Book Debts) - Rs.47.500 Millions and Letter of Credit
(Import/Inland DP/DA upto 90 days) - Rs.47.500 Millions]. |
FIXED ASSETS:
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.55.15 |
|
|
1 |
Rs.86.00 |
|
Euro |
1 |
Rs.68.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
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 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
YES |
|
--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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.