MIRA
INFORM REPORT
|
Report Date : |
01.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE INDUSTRIAL INVESTMENTS AND HOLDINGS LIMITED |
|
|
|
|
Registered
Office : |
3rd Floor, Maker Chamber IV, 222, Nariman Point, Mumbai –
400021, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
01.10.1986 |
|
|
|
|
Com. Reg. No.: |
041081 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1491.119 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U65910MH1986PLC041081 |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The company’s shares are listed on
the Stock Exchange |
|
|
|
|
Line of Business
: |
Finance and Investment activities. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 36629420 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and reputed company having satisfactory
track. Its is a subsidiary of Reliance Industries Limited. Trade relations
are reported as fair. Business is active. Payments are reputed to be regular
and as per commitments. The company can be considered good for normal 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 – 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 : |
3rd Floor, Maker Chamber IV, 222, Nariman Point, Mumbai –
400021, Maharashtra |
|
Tel. No.: |
91-22-22785000 |
|
Fax No.: |
91-22-22785111 |
|
E-Mail : |
DIRECTORS
AS ON 18.07.2011
|
Name : |
Ms. Hital Rasiklal Meswani |
|
Designation : |
Director |
|
Address : |
C-23/24, Soodlands 67 Peddas Road, Mumbai – 400026, Maharashtra, India
|
|
Date of Birth/Age : |
27.07.1968 |
|
Date of Appointment : |
20.10.2003 |
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 |
L17110MH1973PLC019786 |
RELIANCE INDUSTRIES
LIMITED |
Whole-time director |
04/08/2010 |
04/08/1995 |
- |
Active |
NO |
|
2 |
U65910MH1986PLC041081 |
RELIANCE INDUSTRIAL
INVESTMENTS AND HOLDINGS LIMITED |
Director |
20/10/2003 |
20/10/2003 |
- |
Active |
NO |
|
3 |
L11100GJ2005PLC048030 |
RELIANCE PETROLEUM LIMITED |
Director |
25/02/2006 |
25/02/2006 |
- |
Amalgamated |
NO |
|
4 |
U51909MH2006PLC166162 |
RELIANCE COMMERCIAL
DEALERS LIMITED |
Director |
15/09/2008 |
07/12/2007 |
- |
Active |
NO |
|
Name : |
Mr. Sandeep Junnarkar Hemendra |
|
Designation : |
Director |
|
Address : |
Flat No. 1702, Wallace Apartments, 1 Naushir Bharucha Marg, Mumbai –
400007, Maharashtra, India |
|
Date of Birth/Age : |
02.07.1951 |
|
Date of Appointment : |
05.10.1994 |
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 |
L60300MH1988PLC049019 |
RELIANCE INDUSTRIAL
INFRASTRUCTURE LIMITED |
Director |
27/04/1991 |
27/04/1991 |
- |
Active |
NO |
|
2 |
L99999MH1986PLC041612 |
SUNSHIELD CHEMICALS
LIMITED |
Director |
27/02/1992 |
27/02/1992 |
- |
Active |
NO |
|
3 |
L17120MH1985PLC036500 |
JAI CORP LIMITED |
Director |
19/08/1994 |
19/08/1994 |
- |
Active |
NO |
|
4 |
U65910MH1986PLC041081 |
RELIANCE INDUSTRIAL
INVESTMENTS AND HOLDINGS LIMITED |
Director |
05/10/1994 |
05/10/1994 |
- |
Active |
NO |
|
5 |
U45102GJ1997PLC031906 |
RELIANCE PORTS AND
TERMINALS LIMITED |
Director |
23/03/1997 |
23/03/1997 |
- |
Active |
NO |
|
6 |
U99999MH1895NPL000121 |
BOMBAY INCORPORATED LAW
SOCIETY |
Director |
18/11/1999 |
18/11/1999 |
- |
Active |
NO |
|
7 |
L65990TN1975PLC062634 |
STERLITE INDUSTRIES
(INDIA) LIMITED |
Director |
29/06/2001 |
29/06/2001 |
- |
Active |
NO |
|
8 |
L15420PN1933PLC133303 |
TILAKNAGAR INDUSTRIES
LIMITED |
Director |
23/10/2001 |
23/10/2001 |
05/05/2009 |
Active |
NO |
|
9 |
L23200GJ1969PLC001569 |
INDIAN PETROCHEMICALS
CORPORATION LIMITED |
Director |
04/06/2002 |
04/06/2002 |
- |
Amalgamated |
NO |
|
10 |
U45201DL1999PLC125988 |
IL&FS Infrastructure
Development Corporation Limited |
Director |
11/02/2003 |
11/02/2003 |
- |
Active |
NO |
|
11 |
L74999MH1964PLC012878 |
EXCEL CROP CARE LTD |
Director |
03/09/2003 |
03/09/2003 |
- |
Active |
NO |
|
12 |
L74999MH1934PLC002093 |
EVEREST INDUSTRIES LIMITED |
Director |
27/07/2007 |
07/11/2005 |
- |
Active |
NO |
|
13 |
U99999GJ2000PTC050444 |
RELIANCE UTILITIES Private
LIMITED |
Director |
29/09/2007 |
17/04/2007 |
24/12/2009 |
Active |
NO |
|
14 |
U70102MH2007PLC176139 |
JAI REALTY VENTURES
LIMITED |
Director |
20/08/2008 |
18/12/2007 |
- |
Active |
NO |
|
15 |
U18101GJ2007PTC050985 |
DIESEL FASHION INDIA
RELIANCE PRIVATE LIMITED |
Director |
31/10/2008 |
09/06/2008 |
05/12/2008 |
Active |
NO |
|
16 |
U67190TN1995PLC069644 |
STERLITE ENERGY LIMITED |
Director |
10/10/2009 |
05/10/2009 |
04/10/2011 |
Active |
NO |
|
Name : |
Mr. Vinod Mansukhlal Ambani |
|
Designation : |
Director |
|
Address : |
7-D, Lands End 29-D, Dongarasi Road, Malbar Hill, Mumbai – 400006,
Maharashtra, India |
|
Date of Birth/Age : |
23.01.1945 |
|
Date of Appointment : |
30.06.2005 |
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 |
U74900MH1979GAP021087 |
RELIANCE WELFARE
ASSOCIATION |
Director |
05/03/1979 |
05/03/1979 |
- |
Active |
NO |
|
2 |
U17120GJ1983PTC053017 |
RELIANCE LOGISTICS Private
LIMITED |
Director |
30/09/1985 |
30/09/1985 |
20/10/2008 |
Amalgamated |
NO |
|
3 |
U51100GJ1991PLC016463 |
RELIANCE ENTERPRISES
LIMITED |
Director |
08/11/1991 |
08/11/1991 |
- |
Dormant |
NO |
|
4 |
U23200MH1993PLC190934 |
RELIANCE AROMATICS AND
PETROCHEMICALS LIMITED |
Director |
25/12/2004 |
25/12/2004 |
- |
Active |
NO |
|
5 |
U65910MH1986PLC041081 |
RELIANCE INDUSTRIAL
INVESTMENTS AND HOLDINGS LIMITED |
Director |
30/06/2005 |
30/06/2005 |
- |
Active |
NO |
|
Name : |
Mr. Mahendra Nath Bajpai |
|
Designation : |
Director |
|
Address : |
3 Hanvani Bhuvan 89/E, Hapeansea Road, Malabar, Mumbai – 400006,
Maharashtra, India |
|
Date of Birth/Age : |
01.06.1950 |
|
Date of Appointment : |
30.06.2005 |
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 |
U17110MH2000PLC123731 |
Reliance Retail Finance
Limited |
Director |
30/06/2005 |
30/06/2005 |
- |
Active |
NO |
|
2 |
U65910MH1986PLC041081 |
RELIANCE INDUSTRIAL
INVESTMENTS AND HOLDINGS LIMITED |
Director |
30/06/2005 |
30/06/2005 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Ms. Srinivasan Kalpana |
|
Designation : |
Secretary |
|
Address : |
Flat No.402 Plot A 213 Sector 20 Nerul, Navi Mumbai – 400706,
Maharashtra, India |
|
Date of Birth/Age : |
19.09.1958 |
|
Date of Appointment : |
01.02.1998 |
|
|
|
|
Name : |
Mr. Dalal Vijay Dipan |
|
Designation : |
Manager |
|
Address : |
301/A, Mahavir Darshan Veer Santaji Marg, Lower Parel, Mumbai –
400013, Maharashtra, India |
|
Date of Birth/Age : |
18.03.1969 |
|
Date of Appointment : |
01.04.2002 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 18.07.2011
|
Names of Shareholders |
|
No. of Shares |
|
Reliance Industries Limited, Mumbai |
|
147503800 |
|
Shah C Rohit With Reliance Industries Limited |
|
100 |
|
Jain K A With Reliance Industries Limited |
|
100 |
|
Merchant V With Reliance Industries Limited |
|
100 |
|
Jain C Ashok With Reliance Industries Limited |
|
100 |
|
S Sudhakar With Reliance Industries Limited |
|
100 |
|
Sethuraman With Reliance Industries Limited |
|
100 |
|
Total |
|
147504400 |
AS ON 18.07.2011
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
Type of Share - 9% Non-Cumulative Optionally
Convertible Preference Shares Nominal value per share - Rs. 10 per share
|
Share Holder's Name |
Number of Shares |
|
Reliance KG Exploration and Production
Private Limited |
51750 |
|
Reliance Retail Finance Limited |
505000 |
|
Reliance Petroinvestments Limited |
900500 |
Type of Share - 10% Non-Cumulative Optionally
Convertible Preference Shares Nominal value per share - Rs. 10 per share
|
Share Holder's Name |
Number of Shares |
|
Reliance Petroinvestments Limited |
1200 |
Type of Share - 10% Non-Cumulative Optionally
Convertible Preference Shares Nominal value per share - Rs. 10 per share
|
Share Holder's Name |
Number of Shares |
|
Reliance Polyolefins Limited |
149020 |
BUSINESS DETAILS
|
Line of Business : |
Finance and Investment activities. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Chaturvedi and Shah Chartered Accountant |
|
Address : |
714-715, Tuldiani Chambers, 212, Nariman Point, Mumbai – 400021,
Maharashtra, India |
|
|
|
|
Holding Company
: |
Reliance Industries Limited |
|
|
|
|
Subsidiaries : |
· Reliance Gas Corporation Limited · Reliance Global Business BV · Recron (Malaysia) Sdn Bhd · Wave Land Developers Limited · International Oil Trading Limited · RIL USA Inc. · Reliance Universal Enterprises Limited · Reliance Security Solutions Limited (from 23.08.2010) · Reliance Corporate Services Limited (from 14.07.2010) · Reliance Commercial Associates Limited (from 15.06.2010) · Reliance Energy Generation and Distribution Limited (from 22.07.2010) · Reliance Industries Investment Holding Limited (from 23.08.2010) · GenNext Innovation Ventures Private Limited (from 30.11.2010) · GenNext Ventures Private Limited (from 15.06.2010) · Indiawin Sports Private Limited (from 07.04.2010) · Mark Projects Services Private Limited (from 07.07.2010) · Reliance Commercial Land & Infrastructure Limited · Reliance Corporate IT Park Limited · Reliance Eminent Trading & Commercial Private Limited · Reliance Prolific Traders Private Limited · Reliance Progressive Traders Private Limited · Reliance Universal Traders Private Limited · Reliance Prolific Commercial Private Limited · Reliance Comtrade Private Limited · Reliance Ambit Private Limited · Reliance Corporate Centre Limited ·
Reliance Convention and Exhibition Centre
Limited |
|
|
|
|
Fellow
Subsidiaries : |
· Reliance Strategic Investments Limited · Reliance Ventures Limited · Reliance Haryana SEZ Limited · Reliance Retail Finance Limited · Reliance Petroinvestments Limited · Reliance Petro Marketing Limited · Reliance Polymers (India) Limited · Reliance Aromatics and Petrochemicals Limited · Reliance Polyolefins Limited · Reliance Chemicals Limited · GenNext Ventures Private Limited (from 14.07.2010 to 21.03.2011) ·
Infotel Broadband Services Limited |
|
|
|
|
Beneficiary Trust: |
Petroleum Trust |
|
|
|
|
Joint Venture/Associates: |
· Indiawin Sports Private Limited (upto 06.04.2010) · Deccan Cargo & Express Logistics Private Limited (from 30.06.2010) · Reliance Commercial Trading Private Limited ·
Reliance Innovative Building Solutions Private
Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
151500000 |
Equity Shares |
Rs.10/- each |
Rs.1515.000 Millions |
|
6500000 |
Preference Share |
Rs.10/- each |
Rs.65.000 Millions |
|
|
|
|
|
Issued:
|
No. of Shares |
Type |
Value |
Amount |
|
147504400 |
Equity Shares |
Rs.10/- each |
Rs.1475.044
Millions |
|
|
|
|
|
Issued:
|
No. of Shares |
Type |
Value |
Amount |
|
1457250 |
9 % Non-Cumulative Optionally Convertible Preference
Shares |
Rs.10/- each |
Rs.14.573
Millions |
|
1200 |
10% Non-Cumulative Optionally Convertible Preference
Shares |
Rs.10/- each |
Rs.1.200 Millions |
|
149600 |
10% Non-Cumulative Optionally Convertible Preference
Shares |
Rs.10/- each |
Rs.1.496 Millions |
|
|
|
|
|
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
147504400 |
Equity Shares |
Rs.10/- each |
Rs.1475.044
Millions |
|
|
|
|
|
Note
14,75,04,400 (previous year 14,75,04,400) Equity shares held
by Reliance Industries Limited, the holding company.
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
**147504400 |
9 % Non-Cumulative Optionally Convertible Preference Shares of Rs.10 each fully paid up (Redeemable at the end of seven years from the date of allotment i.e. 11.02.2009 at a price of Rs.2000 per share. The Company has an option for early redemption at any time after expiry of thirty days from the date of allotment by giving not less than
seven days notice. At any time during the tenure, the Preference Shareholders
shall have an option to convert each Preference Share into equity share of
Rs. 10 each.) |
Rs.10/- each |
Rs.1475.044
Millions |
|
***1200 |
10% Non-Cumulative Optionally Convertible Preference
Shares of Rs.10 each fully paid up (Redeemable at the end of ten years from
the date of allotment i.e. 23.03.2010 at a price of Rs.5000 per share or at
the option of the Preference shareholder, at any time after the expiry of
forty five days from the date of allotment by giving not less than 30 days
notice to the Company. The Preference shares shall at the option of
Preference shareholders, be redeemable by way of converting them into equity
share of the Company at fair value) |
Rs.10/- each |
Rs.1.200
Millions |
|
****149020 |
10% Non-Cumulative Optionally Convertible Preference Shares of Rs.10 each fully paid up (Redeemable at the end of ten years from the date of allotment i.e. 20.01.2011 at a price of Rs.5000 per share or at the option of the Preference shareholder, at any time after the expiry of forty five days from the date of allotment by giving not less than 30 days notice to the Company. The Preference shares shall at the option of Preference shareholders, be redeemable by way of converting them into equity share of the Company at fair value) |
Rs.10/- each |
Rs.1.490
Millions |
** During the year tenure of the of preference shares extended for further five years.
** 5,05,000 (previous year 5,05,000) Preference shares held by Reliance Retail Finance Limited, a fellow subsidiary company, and 9,00,500 (previous year 9,00,500) Preference shares held by Reliance Petro investments Limited, a fellow subsidiary company.
*** 1,200 (previous year 1,200) Preference shares held by Reliance Petro investments Limited, a fellow subsidiary
Company
**** 1,49,020 (previous year NIL) Preference shares held by
Reliance Polyolefins Limited, a fellow subsidiary company.
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 |
1489.629 |
1524.867 |
1524.867 |
|
|
2] Preferences Share Application Money |
745.100 |
0.000 |
1968.621 |
|
|
3] Reserves & Surplus |
6922.626 |
24419.337 |
143959.959 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
9157.355 |
25944.204 |
147453.447 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
37072.666 |
48497.427 |
96749.936 |
|
|
TOTAL BORROWING |
37072.666 |
48497.427 |
96749.936 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
905.121 |
|
|
Minority Interest |
0.000 |
0.000 |
1543.345 |
|
|
|
|
|
|
|
|
TOTAL |
46230.021 |
74441.631 |
246651.849 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.000 |
0.000 |
80843.758 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
15298.613 |
|
|
|
|
|
|
|
|
INVESTMENT |
17905.824 |
28435.836 |
105847.600 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000 |
0.000 |
8519.369 |
|
|
Sundry Debtors |
5926.685
|
10.628 |
1585.510 |
|
|
Cash & Bank Balances |
0.321
|
1061.280 |
1366.335 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
28697.209
|
44978.544 |
41859.962 |
|
Total
Current Assets |
34624.215
|
46050.452 |
53331.176 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
6296.929
|
42.318 |
8140.315 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
525.847 |
|
|
Provisions |
3.089
|
2.339 |
3.136 |
|
Total
Current Liabilities |
6300.018
|
44.657 |
8669.298 |
|
|
Net Current Assets |
28324.197
|
46005.795 |
44661.878 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
46230.021 |
74441.631 |
246651.849 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
9486.687 |
5926.685 |
320.628 |
|
|
|
Other Income |
8909.062 |
3747.603 |
146.255 |
|
|
|
TOTAL (A) |
18395.749 |
9674.288 |
466.883 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
9481.933 |
5923.129 |
319.214 |
|
|
|
Administrative selling expenses |
0.774 |
0.395 |
0.000 |
|
|
|
Establishment and Other expenses |
0.000 |
0.000 |
1.267 |
|
|
|
TOTAL (B) |
9482.707 |
5923.524 |
320.481 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
8913.042 |
3750.764 |
146.402 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8835.830 |
3736.227 |
141.408 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
77.212 |
14.537 |
4.994 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.000 |
0.000 |
0.00 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
77.212 |
14.537 |
4.994 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
15.966 |
2.486 |
0.550 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
61.246 |
12.051 |
4.444 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.42 |
0.08 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.33
|
0.12 |
0.95 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.81
|
0.25 |
1.56 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.22
|
0.03 |
0.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.74
|
1.87 |
0.71 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.49
|
1031.20 |
6.15 |
LOCAL AGENCY FURTHER INFORMATION
NIL
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.49.12 |
|
|
1 |
Rs.77.84 |
|
Euro |
1 |
Rs.64.74 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
54 |
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.