1. Summary Information
|
|
|
Country |
|
|
Company Name |
C.T.R.
MANUFACTURING INDUSTRIES LIMITED |
Principal Name 1 |
Mr. Kewal Krishna Nohria |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Anil Pratap Kumar |
|
|
|
Registration # |
11-013087 |
|
Street Address |
Nagar
Road, Pune - 411014 Maharashtra, India |
||
|
Established Date |
18.12.1964 |
SIC Code |
-- |
|
Telephone# |
91-20 -26633402/3/4/5 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-20 - 26633425 |
Business Style 2 |
-- |
|
Homepage |
Not Available |
Product Name 1 |
Engineering and Electronic Products |
|
# of employees |
450
(Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.18,840,900/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate – 78.00% Directors or
relatives of Directors – 14.20% Other top fifty shareholders –
7.80% |
Banking |
Bank
of Maharashtra |
|
Public Limited Corp. |
NO |
Business Period |
48 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (48) |
|
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 |
695,484,000 |
Current Liabilities |
305,435,000 |
|
Inventories |
149,946,000 |
Long-term Liabilities |
356,346,000 |
|
Fixed Assets |
298,205,000 |
Other Liabilities |
123,971,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
785,752,000 |
|
Invest& other Assets |
179,153,000 |
Retained Earnings |
518,178,000 |
|
|
|
Net Worth |
537,036,000 |
|
Total Assets |
1,322,788,000 |
Total Liab. & Equity |
1,322,788,000 |
|
Total Assets (Previous Year) |
1,097,985,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
1,363,200,000 |
Net Profit |
144,668,000 |
|
Sales(Previous yr) |
1,119,507,000 |
Net Profit(Prev.yr) |
120,049,000 |
MIRA
INFORM REPORT
|
Report Date : |
09.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
C.T.R. MANUFACTURING INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
Nagar Road, Pune - 411014 Maharashtra, India |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
18.12.1964 |
|
|
|
|
Com. Reg. No.: |
11-013087 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.18.841 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299MH1964PLC013087 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Marketing of Engineering and Electronic Products |
|
|
|
|
No. of Employees
: |
450 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Exists |
|
|
|
|
Comments : |
Subject is an old established company having satisfactory track. The
company has recorded an increase in its sales turnover during the current
year. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitment. The company can be considered for business dealings at usual trade
term 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 (30.09.2011) |
Current Rating (31.12.2011) |
|
|
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 : |
Nagar Road, Pune - 411014 Maharashtra, India |
|
Tel. No.: |
91-20 -26633402/3/4/5 |
|
Fax No.: |
91-20 - 26633425 |
|
E-Mail : |
|
|
|
|
|
Tapchanger
Zonal South Office: |
208,
Mota Chambers, 9 Millers Road, Bangalore 560052, Karnataka, India Tapchanger
Subcenter: |
|
|
|
|
|
E-79
MIDC, Ambad, Nasik 422010 Maharashtra, India |
|
|
|
|
Export
Office: |
506, |
|
|
|
|
Electronics
Division: |
E1, Chikalthana, Aurangabad
431006, Maharashtra, India |
|
|
|
|
Electronics
Subcenter: |
B27, Chikalthana, Aurangabad
431006, Maharashtra, India |
|
|
|
|
Electronics
Zonal North Office: |
C-143, Suryanagar, Ghaziabad
201011, Uttar Pradesh, India |
|
|
|
|
Electronics
Zonal South Office: |
27, 7TH Cross, 6TH
Block, Kormangala, Bangalore 560095, Karnataka, India |
|
|
|
|
Electronics
Zonal West Office: |
403 B, Turf Estate, Shakti Mills
Lang, Off DR.E.Moses Road, Mahalaxmi (West), |
|
|
|
|
Tapchanger
Subcentre : |
E3, Chikalthana, Aurangabad 431006, Maharashtra,
India Phone : 91-240-2481469 Fax : 91-240-2480478 E-mail : tc2@ctr.in |
|
|
|
|
Power Quality
Division : |
W-8 MIDC, Chikalthana, Aurangabad 431006, Maharashtra,
India Phone : 91-240-2485289 / 90 Fax : 91-240-2484128 E-mail : powerquality@ctr.in |
|
|
|
|
Fire Systems
Zonal East Office : |
Avyarthana, 2nd Floor, 659, Kalikapur Road, E.M. Bypass
(Besides Spencers Shopping Mall), Kolkata – 700099, West Bengal, ndia Phone : 91-33-24848869 Fax : 91-33-24848867 E-mail : fze@ctr.in |
|
|
|
|
Division Office
: |
Handling Equipment Division: Intank Tapchanger Division: International
Division: Knowledge Outsourcing
Division: Petroleum
Fire Division: Radiator
Division: Radiator
Subcenter: Railway
Products Division: Safety
Products Division: Tapchanger
Division: Fire
Systems Division: |
DIRECTORS
As on 29.06.2011
|
Name : |
Mr. Kewal Krishna Nohria |
|
Designation : |
Director |
|
Address : |
11, Aryavrta, 351, N Dabholkar Raod, Mumbai – 400006, Maharashtra,
India |
|
Date of Birth/Age : |
04.10.1932 |
|
Date of Appointment : |
15.07.2004 |
|
DIN No.: |
00060015 |
|
|
|
|
Name : |
Mr. Anil Pratap Kumar |
|
Designation : |
Managing Director |
|
Address : |
57, Viman Nagar Colony Road, Pune – 411014, Maharashtra, India |
|
Date of Birth/Age : |
16.05.1948 |
|
Date of Appointment : |
01.11.1989 |
|
DIN No.: |
00466438 |
|
|
|
|
Name : |
Mr. Brij Mohan Suri |
|
Designation : |
Director |
|
Address : |
206, Daffodils, 56, Pali Hills, Bandra, Mumbai – 400050, Maharashtra,
India |
|
Date of Birth/Age : |
12.04.1939 |
|
Date of Appointment : |
15.07.2004 |
|
DIN No.: |
00786408 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
Equity Share Break up (Percentage of Total Equity)
As on 29.06.2011
|
Category |
Percentage |
|
Bodies corporate |
78.00 |
|
Directors or relatives of Directors |
14.20 |
|
Other top fifty shareholders |
7.80 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Marketing of Engineering and Electronic Products |
||||||||||
|
|
|
||||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
450 (Approximately ) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
Bank of Maharashtra, Khudamurad, 628/629, Sachapir Street,
Camp, Pune – 411001, Maharashtra, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
(Rs. in Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institute: |
IL and FS Trust Company Limited, IL and FS Financial Centreplot No.
C22, G Block Bandra, Kurla Complex Bandra Eassst, Mumbai – 400051,
Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
A. A. Bhat and Company Chartered Accountants |
|
Address : |
6, Harmony House, 797, Bharndarkar Raod, Pune – 411004, Maharashtra,
India |
|
Tel. No.: |
91-20-25674412 |
|
PAN No.: |
AABCA8461B |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
375000 |
Equity Shares |
Rs.100/- each |
Rs.37.500 Millions |
|
25000 |
Preference Shares |
Rs.100/- each |
Rs.2.500 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.40.000
Millions |
Issued, Subscribed:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
188718 |
Equity Shares |
Rs.100/-
each |
Rs.18.872
Millions |
|
|
|
|
|
Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
188409 |
Equity Shares |
Rs.100/-
each |
Rs.18.841
Millions |
|
|
Add: Forfeited Shares |
|
Rs.0.017
Million |
|
|
|
|
|
|
|
Total |
|
Rs.18.858 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 |
18.858 |
18.858 |
18.858 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
518.178 |
381.559 |
268.349 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
537.036 |
400.417 |
287.207 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
348.364 |
294.028 |
162.604 |
|
|
2] Unsecured Loans |
7.982 |
8.801 |
8.801 |
|
|
TOTAL BORROWING |
356.346 |
302.829 |
171.405 |
|
|
DEFERRED TAX LIABILITIES |
30.384 |
26.995 |
26.511 |
|
|
|
|
|
|
|
|
TOTAL |
923.766 |
730.242 |
485.123 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
298.205 |
225.185 |
156.173 |
|
|
Capital work-in-progress |
123.161 |
124.671 |
85.510 |
|
|
|
|
|
|
|
|
INVESTMENT |
52.756 |
52.756 |
13.784 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
149.946
|
111.856 |
96.756 |
|
|
Sundry Debtors |
503.230
|
412.862 |
254.059 |
|
|
Cash & Bank Balances |
18.927
|
24.712 |
16.026 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
173.327
|
145.943 |
115.524 |
|
Total
Current Assets |
845.430
|
695.373 |
482.365 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
220.483
|
219.667 |
146.465 |
|
|
Other Current Liabilities |
84.952
|
61.704 |
106.244 |
|
|
Provisions |
93.587
|
86.372 |
0.000 |
|
Total
Current Liabilities |
399.022
|
367.743 |
252.709 |
|
|
Net Current Assets |
446.408
|
327.630 |
229.656 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
3.236 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
923.766 |
730.242 |
485.123 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1363.200 |
1119.507 |
909.252 |
|
|
|
Other Income |
6.415 |
4.777 |
4.150 |
|
|
|
TOTAL (A) |
1369.615 |
1124.284 |
913.402 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption material changes inventories |
785.031 |
626.018 |
|
|
|
|
Manufacturer service costs |
27.204 |
23.427 |
|
|
|
|
Employee related expenses |
160.664 |
135.520 |
|
|
|
|
Administrative selling other expenses |
125.149 |
109.030 |
|
|
|
|
TOTAL (B) |
1098.048 |
893.995 |
732.141 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
271.567 |
230.289 |
181.261 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
30.625 |
25.604 |
19.918 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
240.942 |
204.685 |
161.343 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
20.436 |
18.606 |
16.724 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
220.506 |
186.079 |
144.619 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
75.838 |
66.03 |
50.339 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
144.668 |
120.049 |
94.280 |
|
|
|
|
|
|
|
|
|
Add |
PRIOR PERIOD
ADJUSTMENT |
(0.263) |
(0.124) |
0.555 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
14.674 |
11.466 |
8.244 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
135.000 |
110.104 |
85.000 |
|
|
|
Dividend |
6.594 |
5.652 |
5.652 |
|
|
|
Tax on Dividend |
1.088 |
0.961 |
0.961 |
|
|
|
Transfer to Reserve for Doubtful Debts |
1.360 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
15.037 |
14.674 |
11.466 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
18.081 |
45.642 |
NA |
|
|
TOTAL EARNINGS |
18.081 |
45.642 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
767.84 |
637.17 |
500.40 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
10.56
|
10.68 |
10.32 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
16.18
|
16.62 |
15.91 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
26.08
|
26.76 |
29.98 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.41
|
0.46 |
0.50 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.41
|
1.67 |
1.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.12
|
1.89 |
1.91 |
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 |
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 |
No |
|
21. Market information |
-- |
|
22. Litigations that the firm / promoter involved |
Yes |
|
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 |
LITIGATION DETAILS
|
Stamp No:
CAOST/6560/2012
Filing Date: 09.03.2012 Stamp No:
CAAST/19587/2011
Main Matter Reg No: CAA/1282/2011 Petitioner: SERGI TRANSFFORMER EXPLOSION PREVENT
Respondent: CTR
MANUFACTURING INDUSTRIES LIMITED Petn, Adv: RANI BOAZZ District: PUNE Bench: SINGLE Status: Pre-Admission Last Date: 19.03.2012 Last Coram: HON’BLE SHRI
JUSTICE J.H.BHATIA Act: Other Act |
OPERATIONS
During 2010-11 net
sales and income increased by 21.8% from Rs.1124.300 Millions to Rs. 1369.600
Millions, and Profit before tax by 18.5 % from Rs.186.100 Millions to Rs.
220.500 Millions.
OUTLOOK
The Company will
continue to focus on achieving sustainable growth in all product lines by
enhancing capacities at its Aurangabad and Nasik facilities. To accelerate the
development and testing of new / existing products a state of the art R and D
laboratory is being set up at Nasik. With increasing demand from overseas
customers thrust for export is also being enhanced across all product lines.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U29299MH1964PLC013087 |
|
Name of the
company |
C.T.R.
MANUFACTURING INDUSTRIES LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
Nagar Road, Pune
- 411014 Maharashtra, India Email: fn.corporate@ctr.in |
|
This form is for
|
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10313387 |
|
Type of charge |
Movable property
(not being pledge) |
|
CIN, in case
charge holder or ARC or assignee is a company |
U66020MH1995PLC095507 |
|
Particular of
charge holder |
IL and FS Trust
Company Limited, IL and FS Financial Centreplot No. C22, G Block Bandra,
Kurla Complex Bandra Eassst, Mumbai – 400051, Maharashtra, India Email: itclroc@ilfsindia.com |
|
Nature of
instrument creating charge |
Unattested Deed
of Hypothecation |
|
Date of
instrument Creating the charge |
16.04.2012 |
|
Amount secured
by the charge |
Rs.1000.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest As per individual sanction letters of various banks for the facilities
offered. Terms of Repayment As per agreement with individual bank offering facilities. Margin As per agreement with individual bank offering facilities. Extent and Operation of the charge As per agreement with individual bank offering facilities. |
|
Short
particulars of the property or asset(s) charged (including complete address
and location of the property) |
Hypothecation of
All movable plant and Machinery, Capital equipment, together with
accessories, computer hardware and software, electronics spares, machinery
spares, tools and accessories both present and
future whether installed or lying loose or in cases or which are lying or
stored in, to be stored in premises, warehouses, stockyards and godowns etc.. Hypothecation of
both present and future book debts, receivables and fixed deposits. |
|
Particulars of
the present modification |
By this present
modification Company hereby Hypothecates its movable assets, Stocks, Debtors
by way of 1st charge in favour of Security Trustee. |
FIXED ASSETS
·
Freehold Land
·
Leasehold Land
·
Building
·
Office Equipment
·
Plant and Machinery
·
Wind Turbine Generator
·
Vehicle
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.55.41 |
|
|
1 |
Rs.86.04 |
|
Euro |
1 |
Rs.68.60 |
INFORMATION DETAILS
|
Report Prepared
by : |
KVT |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
48 |
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.