1. Summary Information
|
|
|
Country |
|
|
Company Name |
PRIJAI HEAT
EXCHANGERS PRIVATE LIMITED |
Principal Name 1 |
Mr. Arun Balwant Sarnobat |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Jai Arun Sarnibat |
|
|
|
Registration # |
11-121128 |
|
Street Address |
B-25, TTC
Industrial Area, MIDC Pipe Line Road, Behind Bharat Bijlee, Rabale, Navi
Mumbai – 400708, Maharashtra, India |
||
|
Established Date |
03.08.1999 |
SIC Code |
-- |
|
Telephone# |
91-22-65148745 |
Business Style 1 |
Manufacturing. |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
Not Available |
Product Name 1 |
Finest Quality Coils, |
|
# of employees |
Not Available |
Product Name 2 |
System Tubing |
|
Paid up capital |
Rs.
30,000,000/- |
Product Name 3 |
Copper Fitting |
|
Shareholders |
Directors or
relatives of Directors – 92% Other – 8% |
Banking |
The Thane Janata
Sahakari Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
13 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 |
126,747,000 |
Current Liabilities |
38,265,000 |
|
Inventories |
76,812,000 |
Long-term Liabilities |
295,937,000 |
|
Fixed Assets |
202,347,000 |
Other Liabilities |
11,514,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
345,716,000 |
|
Invest& other Assets |
28,000 |
Retained Earnings |
30,218,000 |
|
|
|
Net Worth |
60,218,000 |
|
Total Assets |
405,934,000 |
Total Liab. & Equity |
405,934,000 |
|
Total Assets (Previous Year) |
328,723,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
395830000 |
Net Profit |
9,457,000 |
|
Sales(Previous yr) |
339,241,000 |
Net Profit(Prev.yr) |
(5,711,000) |
MIRA
INFORM REPORT
|
Report Date : |
07.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
PRIJAI HEAT EXCHANGERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-25, TTC Industrial Area, Midc Pipe Line Road, Behind Bharat Bijlee,
Rabale, Navi Mumbai – 400708, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
03.08.1999 |
|
|
|
|
Com. Reg. No.: |
11-121128 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 30.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29198MH1999PTC121128 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEP07432F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCPO567E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer coils, system tubing and copper fitting. |
|
|
|
|
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 240000 |
|
|
|
|
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 – 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 / Factory 1 : |
B-25, TTC Industrial Area, Midc Pipe Line Road, Behind Bharat Bijlee,
Rabale, Navi Mumbai – 400708, Maharashtra, India |
|
Tel. No.: |
91-22-65148745 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Head Office / Factory 2 : |
D - 3, Kothari Ware House, Glady Alveris Road, Chitalsar, Manpada,
Thane-400607 Maharashtra, India |
|
Tel. No.: |
91-22-25898408/0995/9517 |
|
Fax No.: |
91-22-25890037 |
|
|
|
|
Factory 3 : |
F/7, Zero Tax Industrial Estate, Near RTO Check Post, UT of D and NH,
Dadra, – 396191, India |
|
Tel. No.: |
91-260-6545863 |
DIRECTORS
As on 27.09.2011
|
Name : |
Mr. Arun Balwant Sarnobat |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
1106 84 Kalpavruksha, Vasant Vihar, Pokharan Road No. 2, Thane - 400607, Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
28.02.01949 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
03.08.1999 |
|||||||||||||||||||||||||||
|
DIN No.: |
00136865 |
|||||||||||||||||||||||||||
|
Other
Directorship:
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Jai Arun Sarnibat |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
90 10 Crystal Garden Estate, Glady Alwaris Road, Thane – 400607,
Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
18.02.1977 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2006 |
|||||||||||||||||||||||||||
|
DIN No.: |
00272574 |
|||||||||||||||||||||||||||
|
Other
Directorship:
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Purva Jai Sarnobat |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
90 10 Crystal Garden Estate, Glady Alwaris Road, Thane – 400607,
Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
06.07.1978 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
27.06.2003 |
|||||||||||||||||||||||||||
|
DIN No.: |
00272892 |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Radha Arun Sarnobat |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
1106 84 Kalpavruksha, Vasant Vihar, Pokharan Road No. 2, Thane - 400607, Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.10.1951 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2006 |
|||||||||||||||||||||||||||
|
DIN No.: |
00273016 |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Priya Sushrut Vishwasrao |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
A 18, Evershine Housing Society, 2 JP Road, Seven Bunglow, Mumbai – 400053,
Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.02.1982 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
27.06.2003 |
|||||||||||||||||||||||||||
|
DIN No.: |
00380318 |
|||||||||||||||||||||||||||
|
Other
Directorship:
|
||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Arun Balwant Sarnobat |
|
149120 |
|
Radha Arun Sarnobat |
|
39420 |
|
Priya Sushrut Vishwasrao |
|
37620 |
|
Purva Jai Sarnobat |
|
37084 |
|
Jai Arun Sarnibat |
|
36748 |
|
Denisk Haresh Dantara |
|
1 |
|
Dineshkumar Chandanmal Jain |
|
1 |
|
Kamal Babulal Thakur |
|
1 |
|
Santosh Balkrishna Lonandkar |
|
1 |
|
Praveenkumar Gyanchand Lodha |
|
1 |
|
Sanjaykumar Gyanchand Lodha |
|
1 |
|
Narla Nageswar Rao |
|
1 |
|
Rajesh M. Shah ( huf) |
|
1 |
|
|
|
|
|
Total |
|
300000 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
92.00 |
|
Other |
8.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer coils, system tubing and copper fitting. |
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
The Thane Janata Sahakari Bank Limited, Laxmi Industrial Complex, Vartak
Nagar, Thane – 400606, Maharashtra, India |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P.M. Dalvi and Company Chartered Accountants |
|
Address : |
126, First Floor, Bharat Industrial Estate, Opp Asian Paints, LBS Road,
Bhandup (West), Mumbai – 400078, Maharashtra, India |
|
PAN.: |
AAKFP2783P |
|
|
|
CAPITAL STRUCTURE
As on 27.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.100/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.100/-
each |
Rs. 30.000
Millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.100/- each |
Rs. 30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.100/-
each |
Rs. 30.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
30.000 |
30.000 |
30.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
30.218 |
20.778 |
30.682 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
60.218 |
50.778 |
60.682 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
176.044 |
152.339 |
133.103 |
|
|
2] Unsecured Loans |
119.893 |
103.058 |
94.122 |
|
|
TOTAL BORROWING |
295.937 |
255.397 |
227.225 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
356.155 |
306.175 |
287.907 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
202.347 |
197.505 |
174.056 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.028 |
0.028 |
0.028 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
76.812
|
44.521 |
31.823 |
|
|
Sundry Debtors |
92.425
|
46.226 |
75.168 |
|
|
Cash & Bank Balances |
1.423
|
4.467 |
0.178 |
|
|
Other Current Assets |
26.549
|
24.050 |
23.387 |
|
|
Loans & Advances |
6.350
|
11.926 |
9.292 |
|
Total
Current Assets |
203.559
|
131.190 |
139.848 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
15.012 |
16.968 |
|
|
Other Current Liabilities |
38.265
|
6.969 |
6.817 |
|
|
Provisions |
11.514
|
4.768 |
2.240 |
|
Total
Current Liabilities |
49.779
|
26.749 |
26.025 |
|
|
Net Current Assets |
153.780
|
108.642 |
113.823 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
356.155 |
306.175 |
287.907 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
395.830 |
|
|
|
|
|
Other Income |
5.393 |
NA |
NA |
|
|
|
TOTAL |
401.223 |
|
|
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
383.841 (Including
Financial Expenses) |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/LOSS
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
26.456 |
31.918 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES |
|
19.686 |
18.877 |
|
|
|
|
|
|
|
|
|
|
PROFIT/LOSS
BEFORE TAX, DEPRECIATION AND AMORTISATION |
17.382 |
6.770 |
13.041 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
5.773 |
12.481 |
5.373 |
|
|
|
|
|
|
|
|
|
|
PROFIT/LOSS
BEFORE TAX |
11.609 |
(5.711) |
7.514 |
|
|
|
|
|
|
|
|
|
|
TAX |
2.152 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/LOSS
AFTER TAX |
9.457 |
(5.711) |
7.514 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
26.489 |
NA |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
9.457 |
20.778 |
30.682 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
1.984 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
31.52 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.35
|
NA |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.93
|
(1.68) |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.70
|
(4.35) |
5.37 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
(0.11) |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.82
|
0.44 |
0.42 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.08
|
5.81 |
5.37 |
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 two 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 |
-- |
|
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 |
Note: Registered office
of the company has been shifted D - 3, Kothari Ware House, Glady Alveris
Road, Chitalsar, Manpada, Thane-400607 Maharshtra, India, to the present address w.e.f 05.03.2012
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U29198MH1999PTC121128 |
|
Name of the
company |
PRIJAI HEAT
EXCHANGERS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
B-25, TTC Industrial Area, Midc Pipe Line Road, Behind Bharat Bijlee,
Rabale, Navi Mumbai – 400708, Maharashtra, India Email: phepl@mtnl.net.in |
|
This form is for |
Modification of charge |
|
Charge identification
(ID) number of the charge to be modified |
10045499 |
|
Type of charge |
Immovable property Book debts Movable property (not being pledge) |
|
Particular of
charge holder |
Andhara Bank,
1237, Godbunder Road Branch G-2, Tiffany, Hiranandani Estate,Thane West
Thane – 400607, Maharashtra,
India Email: bmmum1237@andhrabank.co.in
|
|
Nature of
instrument creating charge |
Hypothecation Of
Stock and Book Debts: a)Stock-25% b) Book Debts-50% (Sub limit - Book Debts of age less than
120 days -30%) |
|
Date of
instrument Creating the charge |
22.12.2011 |
|
Amount secured by
the charge |
Rs. 298.280
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest OCC ( Open Cash
Credit) Base Rate+7.25% Presently 18% p.a. on monthly rests Terms of
Repayment As per Composite
Agreement dated 22/12/2011. Margin a) Stock -25%, b) Book Debts Of
Age Less Than 120 Days-30% Extent and
Operation of the charge Charge for total
amount of Rs. 298.280 Millions 1) The extension
of equitable mortgage of four galas, D/3, D/1and2, C/2/1 and C2/6 at kothari
compound Chitalsar, Manpada, Thane (West), 2) Flat No. 1106
Kalpvrush, Vasant Vihar, Pokhran Road No. 2 -Thane (West). 3) Hypothecation
of existing fixed assets of WDV as on 31/03/11 of the company including
factory premises and land of Mahape. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
EM OF 4 GALAS
D/3, D/1 and 2, C/2/1 and C/2/6 AT Kothan Compound, Manpada, Thane(West)
belonging to Mr. Arun Sarnobat, Mrs. Radha Arun Sarnobat, Mrs. Priya Sarnobat Flat no. 1106,
Kalpvruksh, Vasant Vihar, Pokharan Road No.2, Thane (West) Belonging To Mr.
Arun Sarnobat and Mrs. Radha Sarnobat Hypothecation of
existing fixed assets Including factory Premises
and land at mhape |
|
Date of
instrument modifying the charge |
28.06.2010 |
|
Particulars of
the present modification |
Existing Term
Loans 124.780 Millions Enhanced OCC 123.000 Millions Enhanced FLC
48.500 Millions Bank Guarantee 2.000 Millions
--------------- Total
298.280 Millions As per Bank
letter No.1237/52/123713046000106 dated 23/12/2011 |
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.53.72 |
|
|
1 |
Rs.86.98 |
|
Euro |
1 |
Rs.70.64 |
INFORMATION DETAILS
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--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 |
|
- |
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.