|
Report Date : |
08.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
INVOLUTE TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Flat No. 28, Wing A-1, Building No. 3/B, New Ajanta Avenue, Paud Road,
Kothrud, Pune-411029, Maharashtra |
|
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Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
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|
Date of
Incorporation : |
09.06.1999 |
|
|
|
|
Com. Reg. No.: |
25-013717 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.74.042
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200PN199PTC013717 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEI00737C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI6998Q |
|
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|
|
Legal Form : |
Private Limited Liability Company |
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|
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|
Line of Business
: |
Subject is engaged in the
Manufacture of Auto Components, Gears, etc. |
|
|
|
|
No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 973000 |
|
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|
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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|
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.
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.
INFORMATION DECLINED BY
|
Name : |
Mr. Ukre |
|
Designation : |
Senior Manager |
|
Contact No.: |
91-9822322913 |
|
Date : |
07.11.2012 |
LOCATIONS
|
Registered / Branch Office / Factory 1 : |
Flat No. 28, Wing A-1, Building No. 3/B, New Ajanta Avenue, Paud Road,
Kothrud, Pune-411029, Maharashtra, India |
|
Tel. No.: |
91-20-25381443 |
|
Mobile No.: |
91-9822322913 [Mr. Ukre] |
|
Fax No.: |
91-20-25380973 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 2 : |
Gat # 20, 21, 21-A, Plot # 170, Dhanore, Alandi-Markal Road,
Pune-412105, Maharashtra, India |
|
Tel. No.: |
91-2135-232422 / 233175 / 232054 |
|
|
|
|
Branch Office 2 : |
Akhil Co-Operative, Housing Society, Building No. 4, Flat No. 17,
Erandwane, Karve Road, Pune-411038, Maharashtra, India |
|
Tel. No.: |
91-20-25410142 |
|
Fax No.: |
91-20-25410125 |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Anil Vinayak Somalwar |
|
Designation : |
Director |
|
Address : |
Flat No. 28, Wing A-1, Building No. 3/B, New Ajanta Avenue, Paud Road,
Kothrud, Pune 411 029, Maharashtra, India |
|
Date of Birth/Age : |
22.01.1958 |
|
Date of Appointment : |
09.06.1999 |
|
Din No.: |
00272485 |
|
|
|
|
Name : |
Mr. Anil Ganpatrao Kharwadkar |
|
Designation : |
Director |
|
Address : |
Flat No. 8, Dnynapuri Apartments, Dahanukar Colony, Kothrud, Pune 411
029, |
|
Date of Birth/Age : |
04.07.1952 |
|
Date of Appointment : |
10.06.1999 |
|
Din No.: |
00272586 |
KEY EXECUTIVES
|
Name : |
Soumitra Ashutosh Chawathe |
|
Designation : |
Secretary |
|
Address : |
B-10, Rahul Nagar, Near Karve Statue Off Karve Road, Kothrud,
Pune-411038, Maharashtra, India |
|
Date of Birth/Age : |
01.03.1988 |
|
Date of Appointment : |
24.08.2010 |
|
Pan No.: |
AIWPC4547J |
|
|
|
|
Name : |
Mr. Ukre |
|
Designation : |
Senior Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Anil Vinayak Somalwar |
|
210 |
|
Shreekant Dattatreya Joshi |
|
210 |
|
Mansi Auto Parts Private Limited, India |
|
600000 |
|
Auto Components MFG Company Private Limited, India |
|
140000 |
|
|
|
|
|
TOTAL
|
|
740420 |
AS ON 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
99.94 |
|
Directors
or relatives of directors |
|
0.06 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the Manufacture
of Auto Components, Gears, etc. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management. |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
·
The Saraswat Co-operative Bank Limited, 2nd
Floor, F.C. Road Branch, RASEC, Ganeshwadi, Opposite Vaishali Hotel, Shivaji
Nagar, Pune-411004, Maharashtra, India ·
Cosmos
Co-Operative Bank Limited, 269/270, Shaniwar Peth, Pune-411030, Maharashtra,
India (at its Kothrud Branch) ·
Citi
Bank N.A., 2413, Kumar Capital, East Street, Pune-411001, Maharashtra, India |
||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||
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Facilities : |
|
||||||||||||||||||||||||||||||
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R R Deval and Company Chartered Accountants |
|
Address : |
11, Atul Vihar, Lane No. 9, Dahanukar Colony, Kothrud, Pune-411029,
Maharashtra, India |
|
PAN No: |
ABAPD7562R |
|
|
|
|
Holding Company : |
Manasi Auto Parts Private Limited [U34300PN1990PTC057167] |
|
|
|
|
Related Parties : |
·
Manasi Pressings Private Limited
[U22210MH1995PTC091514] ·
Manasi Technoforge Private Limited
[U29213MH1995PTC091504] ·
Vesan Engineering Private Limited
[U28910MH1995PTC089044] ·
Auto Component Manufacturing Company Private
Limited [U34300PN2000PTC014775] ·
Pune Machining Centre Private Limited
[U29299PN2002PTC017405] ·
Shrohit Engineering Private Limited
[U29299PN2002PTC017216] |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.100/- each |
Rs.100.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
740420 |
Equity Shares |
Rs.100/- each |
Rs.74.042
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 |
74.042 |
74.042 |
74.042 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
169.219 |
101.274 |
70.273 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
243.261 |
175.316 |
144.315 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
390.090 |
191.131 |
131.769 |
|
|
2] Unsecured Loans |
36.659 |
25.009 |
25.009 |
|
|
TOTAL BORROWING |
426.749 |
216.140 |
156.778 |
|
|
DEFERRED TAX LIABILITIES |
3.777 |
0.575 |
3.795 |
|
|
|
|
|
|
|
|
TOTAL |
673.787 |
392.031 |
304.888 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
358.847 |
167.100 |
165.884 |
|
|
Capital work-in-progress |
26.465 |
64.380 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.229 |
0.229 |
0.229 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
222.043
|
139.997 |
89.907 |
|
|
Sundry Debtors |
234.372
|
148.097 |
105.524 |
|
|
Cash & Bank Balances |
2.614
|
5.037 |
19.063 |
|
|
Other Current Assets |
12.613
|
6.841 |
0.000 |
|
|
Loans & Advances |
37.357
|
16.683 |
30.680 |
|
Total
Current Assets |
508.999
|
316.655 |
245.174 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
177.777
|
126.250 |
76.126 |
|
|
Other Current Liabilities |
14.429
|
12.526 |
30.277 |
|
|
Provisions |
28.547
|
17.557 |
0.000 |
|
Total
Current Liabilities |
220.753
|
156.333 |
106.403 |
|
|
Net Current Assets |
288.246
|
160.322 |
138.771 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.004 |
|
|
|
|
|
|
|
|
TOTAL |
673.787 |
392.031 |
304.888 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1040.800 |
656.900 |
661.635 |
|
|
|
Other Income |
18.200 |
13.100 |
15.762 |
|
|
|
TOTAL |
1059.000 |
670.000 |
677.397 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
951.600 |
619.000 |
629.140 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
107.400 |
51.000 |
48.257 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
39.700 |
20.000 |
29.510 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
67.700 |
31.000 |
18.747 |
|
|
|
|
|
|
|
|
|
|
PRIOR YEAR ITEMS
|
0.200 |
0.000 |
NA |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
96.300 |
67.800 |
NA |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
2.500 |
2.500 |
NA |
|
|
BALANCE CARRIED
TO THE B/S |
161.700 |
96.300 |
NA |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
261.294 |
190.208 |
NA |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
4.769 |
0.190 |
NA |
|
|
|
Stores & Spares |
0.188 |
0.188 |
NA |
|
|
|
Capital Goods |
33.809 |
32.568 |
NA |
|
|
TOTAL IMPORTS |
38.766 |
32.946 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
91.76 |
41.87 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
6.39
|
4.63 |
2.77 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
10.32
|
7.76 |
7.29 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.37
|
10.54 |
11.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.44
|
0.29 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.66
|
2.12 |
1.82 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.30
|
2.03 |
2.30 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
|
Particulars |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
|
Sundry Creditors |
177.777
|
126.250 |
76.126 |
|
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 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 |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
OPERATIONAL PERFORMANCE - THE YEAR IN RETROSPECT
SALES:
The Financial Year
2010-11 turned out to be a very good year for the Company. For the first time in
the history of the Company, Sales crossed Rs. 1000.000 Millions. Profits also
increased substantially as compared to the previous Financial Year. The good
performance of the Company can be attributed mainly to buoyant domestic demand
for automotive products, favourable input prices and better export realization.
During the year,
the Company was in receipt of total income amounting to Rs. 1059.000 Millions
consisting of Sales of Rs. 1040.800 Millions, other income of Rs. 18.200
Millions as against total income of Rs. 670.000 Millions for the previous year
which consisted of Sales of Rs. 656.900 Millions and other income of Rs. 13.100
Millions.
The total
expenditures of the Company amounted to Rs. 951.600 Millions as against Rs.
619.000 Millions for the previous year excluding provisions and taxation. After
charging all the expenses, the Company earned a profit after tax of Rs. 67.900
Millions as against Rs. 31.000 Millions for the previous year.
EXPORTS:
Revenue from
exports for the year ended 31st March, 2011 amounted to Rs. 261.300 Millions as
against Rs. 190.200 Millions for the previous year registering a healthy
increase of 37.38%
CONSTRUCTION OF NEW PLANT:
The Company’s
prime focus is on expansion of its activities and taking concrete step in that
direction, it has completed construction of a new plant adjacent to the present
plant. The new Plant would significantly enhance the production capabilities
and consequently, the turnover. It will result into an increase in
profitability of the Company.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U72200PN1999PTC013717 |
|
Name of the
company |
INVOLUTE
TECHNOLOGIES PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
Flat No. 28, Wing A-1, Building No. 3/B, New Ajanta Avenue, Paud Road,
Kothrud, Pune-411029, Maharashtra, India |
|
Type of charge |
Others |
|
Particular of
charge holder |
The Saraswat Co-operative Bank Limited, 2nd Floor, F.C.
Road Branch, RASEC, Ganeshwadi, Opposite Vaishali Hotel, Shivaji Nagar,
Pune-411004, Maharashtra, India Email: csadeshpande@gmail.com |
|
Nature of description
of the instrument creating or modifying the charge |
Agreements of
hypothecation of vehicle dated 4th July 2012 |
|
Date of
instrument Creating the charge |
04.07.2012 |
|
Amount secured by
the charge |
Rs.0.678 Million |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest to be
paid @11.00% p.a. With monthly rest from the date of loan disbursed. Penal interest @2.00%
p.a. Over the rate of interest applicable will be charged on overdue
installments. Terms of Repayment Term loan
repayable by monthly installment of Rs. 14800/- each (EMI) for 60 months. If it is not
repaid as stipulated above or and failure to comply with any terms and
conditions of the advance. Repayment through ODPUB 203408 at SME branch Margin 20% Extent and Operation of the charge Type Of
Facility:- Term Loan (Vehicle Loan) of Rs.0.678 Million. Others All other terms
and conditions as per the agreement. |
|
Short particulars
of the property charged |
The borrower/s
doth do hereby hypothecate to and in favour of the bank the vehicle viz. RXZ
D2 Diesel Registered with the RTO Pune. |
CONTINGENT
LIABILITIES:
1.
The Company has imported Capital Goods under the
Export Promotion Capital Goods Scheme of Government of India, Duty Free on an
undertaking to fulfill quantified exports. The future obligation of export
aggregates to Rs. 592.655 Millions (Previous year Rs. 592.655 Millions)
2.
Minimum export obligation to be fulfilled by the
Company under the said scheme by 31st March 2011 has been fulfilled.
Non-fulfillment of the balance of such future obligation in the manner
required, if any, cannot be ascertained.
FIXED ASSETS:
·
Land and Building
·
Office Equipments
·
Furniture and Fixtures
·
Factory Equipments
·
Vehicles
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.54.25 |
|
|
1 |
Rs.87.00 |
|
Euro |
1 |
Rs.69.83 |
INFORMATION DETAILS
|
Information Gathered
by : |
PJA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
47 |
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.