1. Summary Information
|
|
|
Country |
|
|
Company Name |
NEXO INDUSTRIES LIMITED |
Principal Name 1 |
Mr. Amrik Singh |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Rajinder Singh |
|
|
|
Registration # |
16 - 021859 |
|
Street Address |
585, Overlock Roadmiller Ganj, |
||
|
Established Date |
09.10.1998 |
SIC Code |
-- |
|
Telephone# |
91-161-2848040 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-161-2848042 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Nuts |
|
|
# of employees |
340 (Office-40, Factory-300) Approximately |
Product Name 2 |
Bolts |
|
Paid up capital |
Rs.
99,565,000/- |
Product Name 3 |
Structures |
|
Shareholders |
Directors or relatives of directors – 100% |
Banking |
State Bank of |
|
Public Limited Corp. |
No |
Business Period |
14 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba
(49) |
|
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 |
512,121,000 |
Current Liabilities |
234,295,000 |
|
Inventories |
272,291,000 |
Long-term Liabilities |
360,224,000 |
|
Fixed Assets |
316,522,000 |
Other Liabilities |
19,303,000 |
|
Deferred Assets |
0 |
Total Liabilities |
613,822,000 |
|
Invest& other Assets |
35,000 |
Retained Earnings |
387,582,000 |
|
|
|
Net Worth |
487,147,000 |
|
Total Assets |
1,100,969,000 |
Total Liab. & Equity |
1,100,969,000 |
|
Total Assets (Previous Year) |
1,109,218,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
1,399,804,000 |
Net Profit |
60,962,000 |
|
Sales(Previous yr) |
1,437,583,000 |
Net Profit(Prev.yr) |
67,676,000 |
|
Report Date : |
23.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
NEXO INDUSTRIES LIMITED [w.e.f. 11.07.2005] |
|
|
|
|
Formerly Known
As : |
NEXO INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
585, Overlock Roadmiller Ganj, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
09.10.1998 |
|
|
|
|
Com. Reg. No.: |
16 - 021859 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 99.565 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28939PB1998PLC021859 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JLDN00600F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCN0558L |
|
|
|
|
Legal Form : |
A Closely held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Nuts, bolts and Structures. |
|
|
|
|
No. of Employees
: |
340 (Office-40, Factory-300) (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1900000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and reputed company having satisfactory track.
Trade relations are reported as fair. Business is active. Payments are
reported to be regular 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 : |
585, |
|
Tel. No.: |
91-161-2532331/ 2532332/ 2532333/2848040 |
|
Fax No.: |
91-161-2848042/2532334/ 2535280 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
Village Mangarh, |
|
Tel. No.: |
91-161-2848686/ 2848040 |
|
Fax No.: |
91-161-2848042/ 2843662 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Focal Point, |
|
Area : |
3000 Sq. Yards |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
Located At:
v
v Mumbai v Chennai v Vadodara v
|
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Amrik Singh |
||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||
|
Address : |
330, |
||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.08.1961 |
||||||||||||||||||||||||||
|
Date of Appointment : |
09.10.1998 |
||||||||||||||||||||||||||
|
DIN No.: |
00933844 |
||||||||||||||||||||||||||
|
Other Directorship : |
|
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|
|||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||
|
Name : |
Mr. Rajinder Singh |
||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||
|
Address : |
250 – R, |
||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.07.1943 |
||||||||||||||||||||||||||
|
Date of Appointment : |
09.10.1998 |
||||||||||||||||||||||||||
|
DIN No.: |
01039135 |
||||||||||||||||||||||||||
|
Other Directorship : |
|
||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||
|
Name : |
Mr. Charanjit Kaur |
||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||
|
Address : |
330, |
||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2005 |
||||||||||||||||||||||||||
|
DIN No.: |
01041990 |
||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||
|
Name : |
Mr. Gurdip Kaur |
||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||
|
Address : |
250 – R, |
||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2005 |
||||||||||||||||||||||||||
|
DIN No.: |
02475562 |
||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Rajinder Singh |
|
5091500 |
|
Amrik Singh |
|
3957500 |
|
Avtar Singh |
|
250000 |
|
Amritpal Singh |
|
50000 |
|
Gurdip Kaur |
|
150000 |
|
Rajinder Singh and Sons, |
|
50000 |
|
Charanjit Kaur |
|
400500 |
|
Mandeep Kaur |
|
500 |
|
Gurvinder Kaur |
|
500 |
|
Gurvinder Singh |
|
2500 |
|
Sukhwinder Singh |
|
500 |
|
Suminder kaur |
|
500 |
|
Manjeet Singh |
|
500 |
|
Kuldeep Singh |
|
500 |
|
Manpreet Singh |
|
500 |
|
Harbhajan Singh and Sons (HUF), |
|
500 |
|
Paramjit Kaur |
|
500 |
|
Total |
|
9956500 |
AS ON 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Nuts, bolts and Structures. |
|
|
|
|
Products : |
v Hex Bolt v Hex Screw v Hex Nut v Coach Bolt v Hex Bolt(structural) v Spring Washer v Plain Washer v Pack Washer v High Strength Structural Boly (Heavy Series) v High Strength Structural Nut (Heavy Series) v Heavy Washer v Mechanical Properties of Bolt and Nut v Hot Dip Galvanising |
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Fasteners |
M.T. |
N.A. |
N.A. |
20373.119 |
|
Structure |
M.T. |
N.A. |
N.A. |
225.035 |
GENERAL INFORMATION
|
No. of Employees : |
340 (Office-40, Factory-300) Approximately |
|||||||||||||||||||||||||||||||||
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|
|
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Bankers : |
State Bank of |
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|
|
|||||||||||||||||||||||||||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kapoor Sanjay and Associates Chartered Accountants |
|
Address : |
72-73, Guru Nanak Dev market, Near Water Tank, |
|
Income-tax
PAN of auditor or auditor's firm : |
AAWPK9744M |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs. 10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9956500 |
Equity Shares |
Rs. 10/- each |
Rs. 99.565
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 |
99.565 |
19.913 |
19.913 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
387.582 |
406.272 |
338.595 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
487.147 |
426.185 |
358.508 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
326.141 |
505.955 |
373.275 |
|
|
2] Unsecured Loans |
34.083 |
23.099 |
19.955 |
|
|
TOTAL BORROWING |
360.224 |
529.054 |
393.230 |
|
|
DEFERRED TAX LIABILITIES |
8.762 |
11.337 |
6.788 |
|
|
|
|
|
|
|
|
TOTAL |
856.133 |
966.576 |
758.526 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
316.522 |
335.765 |
248.528 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.035 |
0.035 |
0.035 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
272.291
|
168.186
|
168.186
|
|
|
Sundry Debtors |
295.528
|
275.510
|
275.510
|
|
|
Cash & Bank Balances |
30.329
|
43.807
|
43.807
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
186.264
|
154.470
|
154.470
|
|
Total
Current Assets |
784.412
|
773.418 |
641.973
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
211.249
|
119.814 |
106.394
|
|
|
Other Current Liabilities |
23.046
|
18.887 |
15.438
|
|
|
Provisions |
10.541
|
3.941 |
10.178
|
|
Total
Current Liabilities |
244.836
|
142.642 |
132.010
|
|
|
Net Current Assets |
539.576
|
630.776 |
509.963
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
856.133 |
966.576 |
758.526 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Operating revenue |
1399.804 |
1437.583 |
1667.451 |
|
|
|
Other Income |
46.182 |
38.144 |
22.180 |
|
|
|
TOTAL (A) |
1445.986 |
1475.727 |
1689.631 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption material changes inventories |
872.564 |
954.509 |
|
|
|
|
Manufacturing service costs |
254.230 |
205.109 |
|
|
|
|
Employee related expenses |
46.214 |
52.215 |
1500.769 |
|
|
|
Administrative selling other Expenses |
72.372 |
64.276 |
|
|
|
|
TOTAL (B) |
1245.38 |
1276.109 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
200.606 |
199.618 |
188.862 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
67.089 |
58.971 |
68.714 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
133.517 |
140.647 |
120.148 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
45.414 |
35.643 |
26.502 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
88.103 |
105.004 |
93.646 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
27.141 |
37.328 |
32.815 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
60.962 |
67.676 |
60.831 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
328.972 |
261.295 |
249.178 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
N.A. |
N.A. |
|
|
|
|
Dividend |
N.A. |
N.A. |
48.714 |
|
|
|
Tax on Dividend |
N.A. |
N.A. |
|
|
|
BALANCE CARRIED
TO THE B/S |
389.934 |
328.971 |
261.295 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.67 |
367.89 |
305.48 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
4.22
|
4.59 |
5.54
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.29
|
7.30 |
5.62
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.00
|
9.47 |
10.52
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.24 |
0.26
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.24
|
1.58 |
1.47
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.20
|
5.42 |
4.86
|
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 |
-- |
|
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 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U28939PB1998PLC021859 |
|
Name of the
company |
NEXO INDUSTRIES
LIMITED |
|
Address of the
registered office or of the principal place of business in |
585, Overlock Roadmiller Ganj, |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
90171980 |
|
Type of charge |
Immovable
Property Book Debts Movable Property Other (1st charge
on entire current and fixed assets) |
|
Particular of
charge holder |
State Bank of Email ID: sbi.04046@sbi.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental
agreement of hypothecation of goods and assets for increase in the overall
limit Letter regarding the
grant of individual limits within the overall limit |
|
Date of
instrument Creating the charge |
29.11.2011 |
|
Amount secured by
the charge |
Rs. 611.400
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Cash credit 3.25%
above base rate effective rate 13.25 SLC 4.25% above
base rate effective rate 14.25% Term loan-I 4.75% above base rate effective rate 14.75% Term loan-II
4.75% above base rate Terms of Repayment Working Capital: On Demand Margin Stocks : 25%, EPC
15% Book debts: 40% LC/BG : 15% Extent and Operation of the charge 100% |
|
Short particulars
of the property charged |
Equitable
Mortgage of Leasehold Rights of Factory land and Building at Village Man Garh, Kohara - |
|
Date of latest
modification prior to the present modification |
20.07.2010 |
|
Particulars of
the present modification |
Cash credit
hypothecation Limit enhanced to Rs. 360.000 millions with cash credit BD
limit of Rs. 170.000 millions. EPC/ PCFC sub limit enhanced from millions to
120.000 millions. SLC limit Rs. 50.000 millions, CEL on forward contract Rs.
06.600 millions. Other facilities and
terms and conditions remaining the
same. Now totalling Rs. 611.400
millions. |
CONTINGENT
LIABILITIES:
i) Capital contracts to be executed: Rs. Millions (P.Y. Rs.4.753 Millions) net of advances.
ii) Bank Guarantee outstanding Rs.5.560 Millions and Letter of Credit outstanding Rs. 131.518 Millions against the margin of Rs.25.561 Millions with bank as STDR’s
AS PER WEBSITE DETAILS
PROFILE:
Subject is a name in the world of
fasteners and structure, has been assisting the Global economy in the areas of Electricity,
Telecommunication, Railways and Road Safety Guard Rails. Growing with growth in
these areas Subject, today forms an Industry managing Two companies, namely,
Nexo Industries Limited and Sond Impex Private Limited
Nexo Fastners
Division:
Established its base in 1964 for manufacturing fasteners Nexo Industries
Limited and High Tensile fasteners in 1978 with Hot Dip Galvanized fasteners in
1982. Nexo Industries Limited, has attained a place among the leading
manufacturers of fasteners in the world. In the year 1997, after a number of
achievements towards our aim of "Total Quality Management", Nexo
became the first ISO 9002 Company in
Their
Contribution to the
v
Bureau
of International Standards (ISI).
v
Power
Grid Corporation of India Limited (PGCIL) Electricity Distribution Authority of
Government of
v
National
Thermal Corporation of India Limited (NTPC) Electricity Generation Authority of
Government of
v
Department
of Telecommunication (DOT) Telecommunication Authority of Government of
v
Central
Organization of Railway Electrification (CORE) Railway Controlling Authority of
v
Electricity
Departments of Various States in
v
Director
General Supplies and Disposal (DGS&D) Central Purchasing Authority of
Government of
v
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. 54.88 |
|
|
1 |
Rs. 86.84 |
|
Euro |
1 |
Rs. 70.21 |
INFORMATION DETAILS
|
Report Prepared by
: |
BVA |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
49 |
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.