1. Summary Information
|
|
|
Country |
|
|
Company Name |
VEER-O-METALS
PRIVATE LIMITED |
Principal Name 1 |
Mr. Sham Sunder |
|
Status |
Good |
Principal Name 2 |
Mr. Praneet Kumar |
|
|
|
Registration # |
08-029692 |
|
Street Address |
A-02, Bel
Industrial Estate, Jalakalli, |
||
|
Established Date |
24.10.2001 |
SIC Code |
-- |
|
Telephone# |
91-80-23451945 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-80-23450654 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Precision
Sheet Metal Components |
|
|
# of employees |
Not Available |
Product Name 2 |
Mechanical Sub-Assemblies. |
|
Paid up capital |
Rs. 10,500,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors – 100.00% |
Banking |
State Bank of |
|
Public Limited Corp. |
No |
Business Period |
11 years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (52) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Related
Party |
India |
Sri Hari Precision Products Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
323,026,000 |
Current Liabilities |
150,366,000 |
|
Inventories |
122,343,000 |
Long-term Liabilities |
252,641,000 |
|
Fixed Assets |
326,883,000 |
Other Liabilities |
12,289,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
415,296,000 |
|
Invest& other Assets |
2,327,000 |
Retained Earnings |
348,783,000 |
|
|
|
Net Worth |
359,283,000 |
|
Total Assets |
774,579,000 |
Total Liab. & Equity |
774,579,000 |
|
Total Assets (Previous Year) |
658,657,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Gross Turnover |
1,206,594,000 |
Net Profit |
59,808,000 |
|
Gross Turnover (Previous yr) |
871,647,000 |
Net Profit(Prev.yr) |
53,024,000 |
|
Report Date : |
11.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
VEER-O-METALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-02, Bel Industrial Estate, Jalakalli, Bangalore - 560013, Karnataka |
|
|
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|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
24.10.2001 |
|
|
|
|
Com. Reg. No.: |
08-029692 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30009KA2001PTC029692 |
|
|
|
|
TIN No.: |
29420303682 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer of Quality Precision Sheet Metal Components and
Mechanical Sub-Assemblies. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1400000 |
|
|
|
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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|
Litigation : |
Clear |
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|
Comments : |
Subject is a well established company having fine track. Financial
position of the company appears to be good. Trade relations are reported as fair.
Business is active. Payment are reported to be usually correct and as per
commitment. The company can be considered normal for business dealing 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) |
|
|
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 : |
A-02, Bel Industrial Estate, Jalakalli, Bangalore - 560013, Karnataka,
India |
|
Tel. No.: |
91-80-23451945/23452497 |
|
Fax No.: |
91-80-23450654 |
|
E-Mail : |
|
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Website: |
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Corporate Head Office : |
No. 2, Sy No. 51/1A, Hoskur Road, Heggadadevapura, Dasanapura, Bangalore
562123, Karnataka, India |
|
Tel. No.: |
91-80-23712195 / 23712196 |
|
Fax No.: |
91-80-23712235 |
|
E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Sham Sunder |
|
Designation : |
Managing Director |
|
Address : |
No.403, 12th Main Road, RMV Extension, Bangalore – 560080,
Karnataka, India |
|
Date of Birth/Age : |
29.08.1949 |
|
Date of Appointment : |
03.07.2007 |
|
DIN No.: |
00837045 |
|
|
|
|
Name : |
Mr. Sewak Ram |
|
Designation : |
Whole Time Director |
|
Address : |
No.403, 12th Main Road, RMV Extension, Bangalore – 560080,
Karnataka, India |
|
Date of Birth/Age : |
01.01.1924 |
|
Date of Appointment : |
24.10.2001 |
|
DIN No.: |
00837229 |
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|
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|
Name : |
Mr. Praneet Kumar |
|
Designation : |
Whole Time Director |
|
Address : |
No.403, 12th Main Road, RMV Extension, Bangalore – 560080,
Karnataka, India |
|
Date of Birth/Age : |
16.03.1976 |
|
Date of Appointment : |
24.10.2001 |
|
DIN No.: |
01017471 |
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|
|
|
Name : |
Mr. Viswadharini Kumar |
|
Designation : |
Director |
|
Address : |
No.403, 12th Main Road, RMV Extension, Bangalore – 560080,
Karnataka, India |
|
Date of Birth/Age : |
09.06.1976 |
|
Date of Appointment : |
30.09.2006 |
|
DIN No.: |
01129824 |
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|
|
|
Name : |
Mr. Vaneet Shamsunder |
|
Designation : |
Director |
|
Address : |
No.403, 12th Main Road, RMV Extension, Bangalore – 560080,
Karnataka, India |
|
Date of Birth/Age : |
05.11.1978 |
|
Date of Appointment : |
30.09.2006 |
|
DIN No.: |
01129851 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Sewak Ram |
|
339590 |
|
Sham Sunder |
|
301850 |
|
Praneet Kumar |
|
194180 |
|
Vaneer Sham Sunder |
|
194180 |
|
Viswadharini Kumar |
|
10000 |
|
Sham Sunder Karta |
|
10000 |
|
Sewak Ram Karta |
|
200 |
|
|
|
|
|
Total |
|
1050000 |
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 : |
Manufacturer of Quality Precision Sheet Metal Components and
Mechanical Sub-Assemblies. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
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Bankers : |
·
State Bank of India, Specialized Commercial
Branch, Krishi Bhavan, 1st Floor, Hudson Circle, Bangalore 560001,
Karnataka, India ·
Citi Bank, 24, 3rd Floor, Canberra
Block, UB City, Vittal Mallya Road, Bangalore – 560001, Karnataka, India |
|||||||||||||||||||||||||||
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Facilities : |
(Rs. in Millions)
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
N V Ramana and Company Chartered Accountants |
|
Address : |
253/3(1), 13th Cross, 2nd Stage, Indiranagar,
Bangalore 560038, Karnataka, India |
|
Tel No.: |
91-80-25257725 |
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Mobile No.: |
91-9448022211 |
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Email: |
|
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PAN No.: |
ACZPV8050E |
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|
|
|
Related Party : |
·
Sri Hari Precision Products Private Limited, India ·
Jap Engineering, India ·
Plastronics, India ·
Fabio Decoree · CIV Power and Automation Private Limited |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2100000 |
Equity Shares |
Rs.10/- each |
Rs.21.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1050000 |
Equity Shares |
Rs.10/- each |
RS.10.500
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 |
10.500 |
10.500 |
10.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
348.783 |
288.975 |
235.961 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
359.283 |
299.475 |
246.461 |
|
|
LOAN FUNDS |
|
|
|
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|
1] Secured Loans |
249.606 |
184.931 |
149.047 |
|
|
2] Unsecured Loans |
3.035 |
3.035 |
13.301 |
|
|
TOTAL BORROWING |
252.641 |
187.966 |
162.348 |
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|
DEFERRED TAX LIABILITIES |
5.304 |
0.042 |
1.672 |
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|
|
|
|
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TOTAL |
617.228 |
487.483 |
410.481 |
|
|
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|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
326.883 |
289.010 |
183.054 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
2.278 |
27.588 |
36.986 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
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|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
122.343
|
119.240 |
92.865 |
|
|
Sundry Debtors |
196.985
|
124.577 |
126.306 |
|
|
Cash & Bank Balances |
65.640
|
39.632 |
41.273 |
|
|
Other Current Assets |
8.308
|
11.691 |
0.000 |
|
|
Loans & Advances |
52.093
|
46.833 |
60.506 |
|
Total
Current Assets |
445.369
|
341.973 |
320.950 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
120.866
|
138.641 |
89.817 |
|
|
Other Current Liabilities |
29.500
|
27.225 |
20.799 |
|
|
Provisions |
6.985
|
5.308 |
19.994 |
|
Total
Current Liabilities |
157.351
|
171.174 |
130.610 |
|
|
Net Current Assets |
288.018
|
170.799 |
190.340 |
|
|
|
|
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|
MISCELLANEOUS EXPENSES |
0.049 |
0.086 |
0.101 |
|
|
|
|
|
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TOTAL |
617.228 |
487.483 |
410.481 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
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|
GROSS TURNOVER |
1206.594 |
871.647 |
1002.530 |
|
|
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|
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Less |
TOTAL EXPENSES |
1142.856 |
809.202 |
926.352 |
|
|
|
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|
|
|
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PROFIT BEFORE
TAX |
82.556 |
62.445 |
76.178 |
|
|
|
|
|
|
|
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Less |
TAX |
22.748 |
9.422 |
9.378 |
|
|
|
|
|
|
|
|
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|
PROFIT AFTER TAX
|
59.808 |
53.024 |
66.800 |
|
|
|
|
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|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
279.484 |
226.460 |
159.660 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
339.292 |
279.484 |
226.460 |
|
|
|
|
|
|
|
|
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|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
961.175 |
734.806 |
873.110 |
|
|
TOTAL EARNINGS |
961.175 |
734.806 |
873.110 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and Components |
322.284 |
118.952 |
420.041 |
|
|
|
Capital Goods |
11.867 |
62.794 |
57.664 |
|
|
TOTAL IMPORTS |
334.151 |
181.746 |
477.705 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
59.00 |
51.00 |
64.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
18.54
|
18.26 |
23.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23
|
0.21 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.44
|
0.57 |
0.53 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.83
|
1.99 |
2.46 |
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) Constitutions 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 |
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 |
Yes |
|
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 |
-- |
|
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 |
BUSINESS
The Company is
engaged in the manufacture of Quality precision Sheet Metal components and
Mechanical sub-assemblies. The Company is an OEM Supplier of Mechanical components
and sub-assemblies to the computer and peripherals, Medical Electronics,
Automobile, Switch gear, Telecom industries and other industries.
OVERALL PERFORMANCE
The Company has
recorded a Gross Turnover of Rs.1206.594 Millions during the financial year
ended 31 st March 2011 and a Net Profit of Rs.59.808 Millions.
CONTINGENT LIABILITIES
Rs. In Millions
|
PARTICULAR |
31.03.2011 |
|
Contingent liabilities not provided for |
71.900 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U30009KA2001PTC029692 |
|
Name of the company |
VEER-O-METALS
PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
A-02, Bel Industrial
Estate, Jalakalli, Bangalore 560013, Karnataka, India Email: accounts@veerometals.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge
to be modified |
90195606 |
|
Type of charge |
Immovable
property |
|
Particular of charge holder |
State Bank of India, Specialized Commercial Branch, Krishi Bhavan, 1st
Floor, Hudson Circle, Bangalore 560001, Karnataka, India Email: h.jsurya@gmail.com |
|
Nature of instrument creating charge |
Memorandum of
Deposit for Creation of Further Charge for Term Loan |
|
Date of instrument Creating the charge |
24.12.2011 |
|
Amount secured by the charge |
Rs.515.700
Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest As per schedule Terms of Repayment Repayable on demand Margin As applicable Extent and Operation of the charge Charge extends by way of first charge on all the assets throughout the
period of sanctioned limits. |
|
Short particulars of the property or
asset(s) charged (including complete address and location of the property) |
EM on co's
immovable properties situated at Sy. Nos. 13, 13/1 and 13/2, 3rd Main Road,
Bazaar Street, Mathikere, Bangalore EM co's
immovable properties situated at Plot No. 87/A, 1st Phase, Jigani Industrial
Estate, Jigani, Anekal Taluk, Bangalore |
|
Date of instrument modifying the charge |
26.09.2011 |
|
Particulars of the present modification |
Total limits
modified to Rs. 515.700 Millions. EM on co's immovable properties situated at
Sy. Nos. 13, 13/1 and 13/2, 3rd Main Road, Bazaar Street, Mathikere, Bangalore
and Plot No. 87/A, 1st Phase, Jigani Industrial Estate, Jigani, Anekal Taluk,
Bangalore. All other terms, conditions and existing securities to continue. |
FIXED ASSETS
·
Plant and Machinery
·
Land and Building
·
Motor Car
·
Furniture and Fixture
·
Office Equipments
·
Computer
·
Quality Instruments
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.55.36 |
|
|
1 |
Rs.85.63 |
|
Euro |
1 |
Rs.69.21 |
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 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
52 |
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.