|
Report Date : |
07.11.2012 |
Summary
Information
|
|
|
Country |
|
|
Company Name |
CERADECOR INDIA
LIMITED |
Principal Name 1 |
Mr. Rajiv Mohan Verma |
|
Status |
Satisfactory |
Principal Name 2 |
Mrs. Sangeeta Verma |
|
|
|
Registration # |
55-090456 |
|
Street Address |
F- 9, 2nd
Floor, Kailash Colony, New Delhi- 110048, Delhi, India |
||
|
Established Date |
1997 |
SIC Code |
-- |
|
Telephone# |
91-11-65655534 /
26819278 / 26817279 / 26818040/65156274/65156248 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-11-29236721 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Ceramic Related Products |
|
|
# of employees |
Not
Available |
Product Name 2 |
Ceramic Colours |
|
Paid up capital |
Rs. 13,150,000/- |
Product Name 3 |
- |
|
Shareholders |
Directors or relatives of
directors – 100% |
Banking |
HDFC Bank |
|
Public Limited Corp. |
NO |
Business Period |
15 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 |
86,252,000 |
Current Liabilities |
20,582,000 |
|
Inventories |
10,098,000 |
Long-term Liabilities |
41,224,000
|
|
Fixed Assets |
30,692,000 |
Other Liabilities |
3,879,000 |
|
Deferred Assets |
000 |
Total Liabilities |
65,685,000 |
|
Invest& other Assets |
000 |
Retained Earnings |
48,207,000 |
|
|
|
Net Worth |
61,357,000 |
|
Total Assets |
1,27,042,000 |
Total Liab. & Equity |
1,27,042,000 |
|
Total Assets (Previous Year) |
95,013,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
2,74,878,000 |
Net Profit |
8,694,000 |
|
Sales(Previous yr) |
2,17,313,000 |
Net Profit(Prev.yr) |
6,071,000 |
IDENTIFICATION DETAILS
|
Name : |
CERADECOR INDIA LIMITED |
|
|
|
|
Registered
Office : |
F- 9, 2nd Floor, Kailash Colony, New Delhi- 110048, Delhi |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
28.10.1997 |
|
|
|
|
Com. Reg. No.: |
55-090456 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 13.150 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1997PLC090456 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELC04043E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC1435F |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Ceramic Related Products and Ceramic
Colours, |
|
|
|
|
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 200000 |
|
|
|
|
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed legislative
work. India's medium-term growth outlook is positive due to a young population
and corresponding low dependency ratio, healthy savings and investment rates,
and increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
F- 9, 2nd Floor, Kailash Colony, New Delhi- 110048, Delhi,
India |
|
Tel. No.: |
91-11-65655534 / 26819278 / 26817279 / 26818040/65156274/65156248 |
|
Fax No.: |
91-11-29236721 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
C-27-28, Site C, Surajpur, UPSIDC Industrial Area, Greater Noida-
201306, |
|
Tel. No.: |
91-120-2560644/ 2569210 |
|
Mobile No.: |
91-9810070605 (Mr. R. M. Verma) |
|
Fax No.: |
91-120-2569142 |
|
E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
As on: 20.09.2011
|
Name : |
Mr. Rajiv Mohan Verma |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
K- 46, Kailash Colony, New Delhi- 110048, Delhi, India. |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
31.10.1957 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
28.10.1997 |
|||||||||||||||||||||||||||
|
DIN No.: |
01227168 |
|||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mrs. Sangeeta Verma |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
K- 46, Kailash Colony, New Delhi- 110048, Delhi, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
18.09.1965 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
28.10.1997 |
|||||||||||||||||||||||||||
|
DIN No.: |
01670969 |
|||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Ramji Lal Verma |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
K- 46, Kailash Colony, New Delhi- 110048, Delhi, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
03.07.1930 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
27.10.2000 |
|||||||||||||||||||||||||||
|
DIN No.: |
01227136 |
|||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 20.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Rajiv Mohan Verma |
|
824000 |
|
Sangeeta Verma |
|
170000 |
|
Ramji Lal Verma |
|
55200 |
|
Usha Rani Verma |
|
200 |
|
Minakshi |
|
200 |
|
Ved Vyas Sharma |
|
200 |
|
Chirag Verma |
|
265200 |
|
|
|
|
|
Total |
|
1315000 |
Equity Share Break up (Percentage of Total Equity)
As on: 20.09.2011
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Ceramic Related Products and Ceramic
Colours |
|
|
|
|
Products : |
·
Ceramic Related Products ·
Ceramic Colours |
PRODUCTION STATUS As on 31.03.2010
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
Vitrosa |
M.T. |
6000 |
6000 |
4500 |
|
|
|
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
||||||||||||||||||||||||||||||||||||
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Malhotra Arun and Company Chartered Accountants |
|
Address : |
D-1102, Celewbrity Homes, Palam Vihar, Gurgaon – 122017, Haryana,
India |
|
Mobile No.: |
91-9810308510 |
|
PAN No.: |
AAFPM1427L |
CAPITAL STRUCTURE
As on: 20.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1315000 |
Equity Shares |
Rs.10/- each |
Rs. 13.150
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 |
13.150 |
13.150 |
10.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
48.207 |
39.514 |
33.445 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
61.357 |
52.664 |
43.445 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
41.199 |
16.118 |
31.302 |
|
|
2] Unsecured Loans |
0.025 |
0.025 |
3.836 |
|
|
TOTAL BORROWING |
41.224 |
16.143 |
35.138 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
102.581 |
68.807 |
78.583 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
30.692 |
29.022 |
31.977 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
10.098
|
12.136
|
28.148
|
|
|
Sundry Debtors |
63.738
|
45.086
|
39.997
|
|
|
Cash & Bank Balances |
10.950
|
0.973
|
0.843
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
11.564
|
7.796
|
6.372
|
|
Total
Current Assets |
96.350
|
65.991
|
75.360
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
13.747
|
18.139
|
19.506
|
|
|
Current Liabilities |
6.835
|
5.203
|
6.195
|
|
|
Provisions |
3.879
|
2.864
|
3.053
|
|
Total
Current Liabilities |
24.461
|
26.206
|
28.754
|
|
|
Net Current Assets |
71.889
|
39.785
|
46.606
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
102.581 |
68.807 |
78.583 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
274.878 |
217.313 |
188.065 |
|
|
|
Other Income |
3.479 |
3.676 |
1.545 |
|
|
|
TOTAL (A) |
278.357 |
220.989 |
189.610 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw material consumed |
225.774 |
177.346 |
144.838 |
|
|
|
Consumption of stores and spares |
0.362 |
0.696 |
0.757 |
|
|
|
Salaries, Wages and Bonus |
9.216 |
7.608 |
6.983 |
|
|
|
Managerial Remuneration |
4.832 |
2.701 |
2.264 |
|
|
|
Payment of auditors |
0.120 |
0.025 |
0.037 |
|
|
|
Insurance Expenses |
0.148 |
0.363 |
0.397 |
|
|
|
Power and fuel |
0.841 |
0.083 |
1.411 |
|
|
|
Other expenditure |
18.905 |
1.052 |
33.135 |
|
|
|
Increase / Decrease in stock |
0.000 |
16.013 |
(16.093) |
|
|
|
TOTAL (B) |
260.198 |
205.887 |
173.729 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
18.159 |
15.102 |
15.881 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.825 |
2.041 |
2.216 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
16.334 |
13.061 |
13.665 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
3.761 |
4.126 |
4.489 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
12.573 |
8.935 |
9.176 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.879 |
2.864 |
3.213 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
8.694 |
6.071 |
5.963 |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
|
|
|
|
|
|
Raw Material |
0.000 |
0.000 |
151.542 |
|
|
|
TOTAL IMPORT |
0.000 |
0.000 |
151.542 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share (Rs.) |
2.95 |
4.50 |
5.96 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.12 |
2.75 |
3.14
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.57 |
4.11 |
4.87
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.89 |
9.41 |
8.54
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.17 |
0.21
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.07 |
0.81 |
1.47
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.94 |
2.52 |
2.62
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
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 involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
No |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U74899DL1997PLC090456 |
|
Name of the
company |
CERADECOR INDIA LIMITED |
|
Address of the
registered office or of the principal place of business in |
F- 9, 2nd Floor, Kailash Colony, New Delhi- 110048, Delhi,
India |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Movable
Property (not being pledge) ·
Book
debts ·
Others |
|
Particular of
charge holder |
The Hongkong and Shanghai Banking Corporation Limited 25, Barakhamba Road, New Delhi – 110001, Delhi, India |
|
Nature of instrument
creating charge |
Deed of
Hypothecation for stocks and Receivables and Plant and Machinery and all
other moveable assets dated 30th July 2012. |
|
Date of
instrument Creating the charge |
30.07.2012 |
|
Amount secured by
the charge |
Rs. 60.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest: Interest shall be
payable by the Company on the banking facilities as per Bank's tariff, subject
however that the Bank shall have the right to change the rate of interest
after giving notice to the company Terms of Repayment. In Consideration of Banking facilities sanctioned/to be
sanctioned by the bank to the company, the company has hypothecated and
charged to the bank by way of Exclusive charge on Stocks, book debts both
present and future and Plant and machinery and other movable fixed assets
both present and future as a continuing security, as mentioned in Deed of
Hypothecation to secure the repayments of the advances together with interest
cost and all other charges. Margin: The Company shall
maintain such margin as may be specified by the bank from time to time. Extent and Operation of the charge: In case the
Company fails to fulfill its obligations under the agreement , the bank shall
be entitled to take possession of the hypothecated properties and sell them
by public auction or private contract and utilize the proceeds in full or
part settlement of it |
|
Short Particulars
of the property charged |
i. Exclusive charge on The entire plant & machinery, Machinery spares, tools and accessories, furniture, fixtures and all other movable accessories both present and future., UPSIDC Industrial Area, Greater Noida, Uttar Pradesh, India ii. Exclusive charge on the borrower’s present and Future stocks of raw material, stock in progress, stores, semi finished and finished goods and tools. iii. Exclusive charge on The borrowers present and Future book debts, outstanding monies, receivables, claims, due and owing. |
OPERATIONS
During the year the turnover was Rs. 274.878
Millions as compared to Rs. 217.313 Millions during the last year. The profit
before interest, depreciation and tax has been Rs. 18.160 Millions during the
year as compared to Rs. 15.102 Millions during the previous year. The net
profit added to the Reserves and Surplus was Rupees 8.693 Millions as against
Rs. 6.071 Millions added during the previous year.
FIXED ASSETS
·
Building
·
Electric Fitting
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipments
·
Computers
·
Printers
·
Cars
·
Scooter
·
Books
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. 54.60 |
|
|
1 |
Rs. 87.31 |
|
Euro |
1 |
Rs. 69.86 |
INFORMATION DETAILS
|
Report Prepared by
: |
UDS |
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 |
NO |
|
--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.