MIRA
INFORM REPORT
|
Report Date : |
17.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
DULI TRADE AND COMMODITIES PRIVATE LIMITED (w.e.f.31.10.2010) |
|
|
|
|
Formerly Known
As : |
DULI PROPERTIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gala No.99/5, Mazanine Floor, Rajgor Chambers, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03..2011 |
|
|
|
|
Date of
Incorporation : |
16.09.1994 |
|
|
|
|
Com. Reg. No.: |
11-081163 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51101MH1994PTC081163 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMD14014A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCD3711H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Iron and Steel |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2000 |
|
|
|
|
Status : |
Recently Commenced Business |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Though the company was incorporated in the year 1994, the company has
started its commercial business activities recently in the year 2010. Trade relations
are reported as fair. Business is active. Payments are reported to be slow
but correct. The company can be considered for business dealings with some caution.
|
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 |
INFORMATION PARTED BY
|
Name : |
Mr. Pramod |
|
Designation : |
Manager |
|
Contact No.: |
91-22-30418171 |
|
Date : |
16.05.2012 |
LOCATIONS
|
Registered Office : |
Gala No.99/5, Mazanine Floor, Rajgor Chambers, |
|
Tel. No.: |
91-22-30418171 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 05.09.2011
|
Name : |
Mr. Viondkumar Subkaran Jatia |
|
Designation : |
Director |
|
Address : |
Damodar Bhawan, 3rd Floor, Bhulabhai Desai Marg,
Mumbai-400026, |
|
Date of Birth/Age : |
02.04.1957 |
|
Date of Appointment : |
28.09.2010 |
|
Date of Cessation : |
24.10.2011 |
|
DIN No.: |
00091115 |
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 |
U51900MH1981PLC024687 |
|
Director |
02-02-07 |
24-06-81 |
- |
Active |
NO |
|
2 |
U70101MH1989PTC050776 |
DELAWARE
PROPERTIES PRIVATE LIMITED |
Director |
21-04-89 |
21-04-89 |
- |
Active |
NO |
|
3 |
U74899DL1981PTC012009 |
ASIAN
HOLDINGS PRIVATE LIMITED |
Director |
29-08-92 |
29-08-92 |
15-05-08 |
Active |
NO |
|
4 |
U51109WB1993PTC060631 |
BRIDHI
COMMERCIAL PVT LTD |
Director |
01-11-93 |
01-11-93 |
- |
Active |
NO |
|
5 |
U00776MH1994PLC081224 |
HELMET
TRADERS LIMITED |
Director |
19-09-94 |
19-09-94 |
- |
Active |
NO |
|
6 |
U65990MH1988PTC048910 |
YARDLEY
INVESTMENT AND TRADING COMPANY PRIVATE LIMITED |
Director |
21-09-94 |
21-09-94 |
- |
Active |
NO |
|
7 |
L67120MH1982PLC026924 |
SUPREME
HOLDINGS AND HOSPITALITY ( |
Managing
director |
01-07-11 |
27-11-95 |
- |
Active |
NO |
|
8 |
U65990MH1989PTC050675 |
SUPERWAYS
ENTERPRISES PRIVATE LIMITED |
Director |
28-10-98 |
28-10-98 |
- |
Active |
NO |
|
9 |
U51900MH2000PTC123802 |
OGARDHANI
EXPORTS PRIVATE LIMITED |
Director |
04-06-01 |
04-06-01 |
- |
Active |
NO |
|
10 |
U51909MH2002PTC134615 |
SHRILEKHA
TRADING PRIVATE LIMITED |
Director |
25-02-02 |
25-02-02 |
- |
Active |
NO |
|
11 |
U45200MH1994PTC081267 |
INDRAJIT
POWER PRIVATE LIMITED |
Director |
15-01-04 |
15-01-04 |
- |
Active |
NO |
|
12 |
U55101MH2005PTC151196 |
GRANDEOUR
HOTELS PRIVATE LIMITED |
Director |
10-02-05 |
10-02-05 |
- |
Active |
NO |
|
13 |
U74300MH1988PTC046932 |
GOPANI
IRON AND POWER ( |
Director |
10-10-05 |
10-10-05 |
- |
Active |
NO |
|
14 |
U55101KA2005PTC036952 |
NEW
INDIA HOTELS AND RESORTS PRIVATE LIMITED |
Director |
26-10-05 |
26-10-05 |
06-04-09 |
Active |
NO |
|
15 |
U55100MH2005PTC157086 |
JATIA
HOTELS AND RESORTS PRIVATE LIMITED |
Managing
director |
10-06-09 |
27-10-05 |
- |
Amalgamated |
NO |
|
16 |
U51909MH2006PTC163344 |
ROYALWAYS
TRADING AND INVESTMENT SERVICES PRIVATE LIMITED |
Director |
29-09-07 |
11-12-06 |
- |
Amalgamated |
NO |
|
17 |
U70100MH1982PTC027614 |
PARISHRAM
PROPERTIES PRIVATE LIMITED |
Director |
10-08-09 |
06-05-09 |
25-11-11 |
Active |
NO |
|
18 |
U65910MH1987PTC042110 |
PRAWAS
LEASING AND FINANCE PRIVATE LIMITED |
Additional
director |
06-05-09 |
06-05-09 |
30-09-09 |
Active |
NO |
|
19 |
U65921KA1996PTC020353 |
OPPORTUNE
TRADING PRIVATE LIMITED |
Director |
30-09-10 |
30-06-10 |
- |
Active |
NO |
|
20 |
U45200MH1994PLC081233 |
INSCO
STEELS LIMITED |
Director |
22-08-11 |
16-09-10 |
- |
Active |
NO |
|
21 |
U51101MH1994PTC081163 |
DULI
TRADE AND COMMODITIES PRIVATE LIMITED |
Director |
05-09-11 |
28-09-10 |
24-10-11 |
Active |
NO |
|
Name : |
Mr. Kailash Madanlal Parihar |
|
Designation : |
Director |
|
Address : |
Sainath Apartment, Flat No.10, |
|
Date of Birth/Age : |
10.06.1961 |
|
Date of Appointment : |
28.09.2010 |
|
DIN No.: |
00015545 |
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 |
U45200MH1987PTC042547 |
ELLKAY
CONSTRUCTIONS PRIVATE LIMITED |
Director |
06-06-94 |
06-06-94 |
- |
Amalgamated |
NO |
|
2 |
U45200MH1994PTC081317 |
BABHARI
PROPERTIES PRIVATE LIMITED |
Director |
21-09-94 |
21-09-94 |
- |
Active |
NO |
|
3 |
U70100MH1994PLC082190 |
VEDISA
PROPERTIES LIMITED |
Director |
16-11-99 |
16-11-99 |
06-10-09 |
Active |
NO |
|
4 |
U70102MH1994PTC081268 |
VAJRA
PROPERTIES PRIVATE LIMITED |
Director |
16-11-99 |
16-11-99 |
- |
Amalgamated |
NO |
|
5 |
U51101MH1994PTC081163 |
DULI
TRADE AND COMMODITIES PRIVATE LIMITED |
Director |
05-09-11 |
15-11-01 |
- |
Active |
NO |
|
6 |
U45200MH1994PLC081365 |
SIMON
DEVELOPERS AND INFRASTRUCTURE LIMITED |
Managing
director |
01-04-07 |
15-11-01 |
- |
Active |
NO |
|
7 |
U51909MH1989PTC054649 |
VERTEX
TRADE AND INTERCHANGE PRIVATE LIMITED |
Director |
08-02-02 |
08-02-02 |
15-11-10 |
Active |
NO |
|
8 |
U45200MH1994PLC081161 |
CIKURA
PROPERTIES LIMITED |
Director |
03-08-02 |
03-08-02 |
06-10-09 |
Active |
NO |
|
9 |
L27100MH1986PLC041252 |
SHREE
GLOBAL TRADFIN LIMITED |
Director |
31-10-03 |
31-10-03 |
31-07-08 |
Active |
NO |
|
10 |
U74140MH2008PTC178821 |
TALENT
DISCOVERI CONSULTING INDIA PRIVATE LIMITED |
Director |
12-02-08 |
12-02-08 |
13-10-10 |
Active |
NO |
|
11 |
U45200MH1994PTC081267 |
INDRAJIT
POWER PRIVATE LIMITED |
Director |
30-08-08 |
23-02-08 |
- |
Active |
NO |
|
12 |
U70102MH2009PLC189952 |
PRASOON
PROPERTIES LIMITED |
Director |
29-01-09 |
29-01-09 |
30-10-09 |
Active |
NO |
|
13 |
U45200MH1994PLC081233 |
INSCO
STEELS LIMITED |
Director |
22-08-11 |
16-09-10 |
- |
Active |
NO |
|
14 |
U70200MH2011PTC215074 |
INDRAJIT
PROPERTIES PRIVATE LIMITED |
Director |
21-03-11 |
21-03-11 |
- |
Active |
NO |
|
Name : |
Mr. Riyaz Nisar Shaikh |
|
Designation : |
Director |
|
Address : |
603, |
|
Date of Birth/Age : |
17.09.1973 |
|
Date of Appointment : |
28.09.2010 |
|
DIN No.: |
00016646 |
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 |
U65910MH1987PTC042110 |
PRAWAS
LEASING AND FINANCE PRIVATE LIMITED |
Director |
20-11-01 |
20-11-01 |
- |
Active |
NO |
|
2 |
U80100MH2002PTC135039 |
AAREN
EDUCARE PRIVATE LIMITED |
Director |
28-02-02 |
28-02-02 |
- |
Active |
NO |
|
3 |
U67120MH1992PLC066402 |
RAGINI
TRADING AND INVESTMENTS LIMITED |
Director |
04-12-04 |
04-12-04 |
22-02-10 |
Active |
NO |
|
4 |
U67120MH1993PLC073593 |
TRUMP
INVESTMENTS LIMITED |
Director |
15-07-05 |
15-07-05 |
- |
Active |
NO |
|
5 |
U74999MH2007PTC167476 |
INDRAJIT
POWER TECHNOLOGY PRIVATE LIMITED |
Director |
02-02-07 |
02-02-07 |
- |
Active |
NO |
|
6 |
U45200MH1994PTC081267 |
INDRAJIT
POWER PRIVATE LIMITED |
Director |
04-07-09 |
06-05-09 |
- |
Active |
NO |
|
7 |
U45200MH1994PLC081233 |
INSCO
STEELS LIMITED |
Director |
22-08-11 |
16-09-10 |
- |
Active |
NO |
|
8 |
U51101MH1994PTC081163 |
DULI
TRADE AND COMMODITIES PRIVATE LIMITED |
Director |
05-09-11 |
28-09-10 |
- |
Active |
NO |
|
9 |
U70200MH2011PTC215074 |
INDRAJIT
PROPERTIES PRIVATE LIMITED |
Director |
21-03-11 |
21-03-11 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 05.09.2011
|
Names of Shareholders |
No. of Shares |
|
Indrajit Power Private Limited, |
9990 |
|
Lalit S Sharma |
10 |
|
Total |
10000 |
AS ON 05.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Bodies corporate |
99.99 |
|
Other top fifty shareholders |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Iron and Steel |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
|||||||||
|
|
|
|||||||||
|
No. of Employees : |
50 (Approximately) |
|||||||||
|
|
|
|||||||||
|
Bankers : |
|
|||||||||
|
|
|
|||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M. V. Krishna
Moorthy Chartered Accountant |
|
Address : |
15, Srivalli,
Rifle Range, Ghatkopar (West), Mumbai – 400 086, |
|
Tel. No.: |
91-22-25152886 |
|
E-Mail : |
|
|
Pan No.: |
AADPM9668F |
|
|
|
|
Holding Company : |
Indrajit Power Private Limited CIN No.:- U45200MH1994PTC081267 |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100
Million |
|
|
|
|
|
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 |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.444 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
(1.236) |
(1.232) |
|
|
NETWORTH |
0.544 |
(1.136) |
(1.132) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
78.065 |
76.030 |
0.000 |
|
|
TOTAL BORROWING |
78.065 |
76.030 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
78.609 |
74.894 |
(1.132) |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.000 |
0.000 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.050 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
1697.723
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
0.066
|
0.024 |
0.083 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
446.820
|
74.820 |
15.100 |
|
Total
Current Assets |
2144.609
|
74.844 |
15.183 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1695.000
|
0.000 |
0.001 |
|
|
Other Current Liabilities |
370.110
|
0.000 |
16.314 |
|
|
Provisions |
0.890
|
0.000 |
0.000 |
|
Total
Current Liabilities |
2066.000
|
0.000 |
16.315 |
|
|
Net Current Assets |
78.609
|
74.844 |
(1.132) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
78.609 |
74.894 |
(1.132) |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
0.000 |
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
1632.425 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
1629.855 |
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
1629.855 |
0.003 |
1.232 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
2.570 |
(0.003) |
(1.232) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.890 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
1.680 |
(0.003) |
(1.232) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(1.236) |
(1.232) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
0.444 |
(1.235) |
(1.232) |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (Rs.) |
168.03 |
(0.36) |
(0.12) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.10
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.12
|
(0.00) |
(8.11) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
4.72
|
0.00 |
1.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3941.30
|
(66.93) |
(14.41) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.04
|
0.00 |
0.93 |
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Construction
of the firm |
Yes |
|
Premises
details |
No |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
Yes |
|
No.
of Employees |
Yes |
|
Name
of Person Contacted |
Yes |
|
Designation
of contact person |
Yes |
|
Turnover
of firm for last three years |
Yes |
|
Profitability
for last three years |
Yes |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
No |
|
Capital
the business |
Yes |
|
Details
of sister concerns |
Yes |
|
Major
Suppliers |
No |
|
Major
Customers |
No |
|
Payment
Terms |
Yes |
|
Export
/ Import Details [If Applicable] |
No |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
Yes |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
Yes |
|
Incorporation
details, if applicable |
Yes |
|
Last
accounts filed at ROC |
Yes |
|
Major
Shareholders, if applicable |
Yes |
Note:
Registered office of the company has been
shifted from 1,
PERFORMANCE
The total income
of the Company was Rs.1632.425 Millions (Previous year Rs. NIL) during the
year. The Net Profit after Tax of the Company during the year was Rs. 1.680
Millions as against Net Loss of Rs. 0.003 Million during the previous year.
ALTERATION OF OBJECT CLAUSE / CHANGE OF NAME OF THE
COMPANY
In view of to
conduct trade and commodities activities, it was proposed to alter the Main Objects
of the Memorandum of Association of the Company by substitution of new clauses
in places of earlier object clauses and to change the name of the Company from
Duli Properties Private Limited to Duli Trade and Commodities Private Limited.
Accordingly, members at their EGM held on 15th October, 2010
approved the above alterations by passing the requisite resolutions and the
Registrar Of Companies, Mumbai has issued fresh certificate of incorporation
for change of name of the Company w.e.f. 31st October, 2010.
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 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. 54.29 |
|
|
1 |
Rs. 86.61 |
|
Euro |
1 |
Rs. 68.87 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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.