MIRA
INFORM REPORT
|
Report Date : |
16.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
SWAPNIL AGRO PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gulab Palace, Plot No. 22 B,
Farm Land, Ramdas Peth, Nagpur-440010, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
30.09.1998 |
|
|
|
|
Com. Reg. No.: |
11-116735 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.355 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52205MH1998PTC116735 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NGPS03518E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCS4274H |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer of Nutrition Supplement Therabiotic Powder etc. |
|
|
|
|
No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 55000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported to be fair. Business is active. Payments are reported
to be usually correct and as per commitments. The company can be considered for business dealings 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.
INFORMATION PARTED BY
|
Name : |
Ms. Gire |
|
Designation : |
Accountant |
|
Contact No.: |
91-712-2442644 |
|
Date : |
15.10.2012 |
LOCATIONS
|
Registered Office : |
Gulab Palace, Plot No. 22 B,
Farm Land, Ramdas Peth, Nagpur-440010, Maharashtra, India |
|
Tel. No.: |
91-712-2442644 |
|
Mobile No.: |
91-9881155777 (Mr. Swapnil Munde) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
5000 Sq. Ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Survey No.7, At Dhuty Post-Dongargaon, Nagpur-441108, Maharashtra,
India |
|
Tel. No.: |
91-710-3266171 |
|
Fax No.: |
Not Available |
|
Area : |
3 Hector |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Satish Munde |
|
Designation : |
Director |
|
Address : |
22, Ashraya Gulab Palace, Ramdaspeth, Nagpur-440010, Maharashtra,
India |
|
Date of Birth/Age : |
05.12.1958 |
|
Date of Appointment : |
30.09.1998 |
|
DIN No.: |
00443383 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U52205MH1998PTC116735 |
SWAPNIL
AGRO PRIVATE LIMITED |
Director |
30/09/1998 |
30/09/1998 |
- |
Active |
NO |
|
2 |
U34300DL2005PTC136990 |
NV
AUTOSPARES PRIVATE LIMITED |
Director |
01/06/2005 |
01/06/2005 |
10/04/2011 |
Active |
NO |
|
3 |
U45200MH2006PTC159378 |
VANSHREE
DEVELOPERS PRIVATE LIMITED |
Director |
31/01/2006 |
31/01/2006 |
- |
Active |
NO |
|
4 |
U70200MH2007PTC167299 |
SWAPNIL
DEVELOPERS PRIVATE LIMITED |
Director |
25/01/2007 |
25/01/2007 |
- |
Active |
NO |
|
5 |
U45400MH2007PTC170179 |
SANTA
DNYANESHWAR DEVELOPERS PRIVATE LIMITED |
Director |
20/04/2007 |
20/04/2007 |
- |
Active |
NO |
|
6 |
U45400MH2007PTC170230 |
BHOLENATH
INFRASTRUCTURES PRIVATE LIMITED |
Director |
23/04/2007 |
23/04/2007 |
- |
Active |
NO |
|
7 |
U70102MH2007PTC171348 |
KALAKRITI
INFRASTRUCTURES PRIVATE LIMITED |
Director |
06/06/2007 |
06/06/2007 |
- |
Active |
NO |
|
8 |
U45200MH2007PTC173358 |
FASTCON
DEVELOPERS PRIVATE LIMITED |
Director |
22/08/2007 |
22/08/2007 |
- |
Active |
NO |
|
9 |
U45203MH2007PTC173616 |
AAROH
INFRASTRUCTURES PRIVATE LIMITED |
Director |
30/08/2007 |
30/08/2007 |
- |
Active |
NO |
|
10 |
U24239MH2009PTC192026 |
APIUM
PHARMACEUTICAL PRIVATE LIMITED |
Director |
24/04/2009 |
24/04/2009 |
- |
Active |
NO |
|
Name : |
Ms. Vanmala Satish Munde |
|
Designation : |
Director |
|
Address : |
22, Ashraya Gulab Palace, Ramdaspeth, Nagpur-440010, Maharashtra,
India |
|
Date of Birth/Age : |
10.10.1968 |
|
Date of Appointment : |
30.09.1998 |
|
DIN No.: |
00443528 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U52205MH1998PTC116735 |
SWAPNIL AGRO
PRIVATE LIMITED |
Director |
30/09/1998 |
30/09/1998 |
Active |
NO |
|
2 |
U45400MH2007PTC170179 |
SANTA
DNYANESHWAR DEVELOPERS PRIVATE LIMITED |
Director |
20/04/2007 |
20/04/2007 |
Active |
NO |
|
3 |
U45200MH2007PTC173358 |
FASTCON
DEVELOPERS PRIVATE LIMITED |
Director |
22/08/2007 |
22/08/2007 |
Active |
NO |
|
4 |
U01111MH2008PTC187143 |
KAYADHU AGRO
FOOD AND DISTILLERY INDUSTRIES PRIVATE LIMITED |
Director |
29/09/2008 |
29/09/2008 |
Active |
KEY EXECUTIVES
|
Name : |
Ms. Gire |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Keshav Vithal Munde |
17600 |
|
Vanmala Satish Munde |
17630 |
|
Narayan Sitaram Jadhav |
100 |
|
Sopan Namjoshi Jadhav |
100 |
|
Tulsiram Ganpatrao Jadhav |
100 |
|
TOTAL
|
35530 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Nutrition Supplement Therabiotic Powder etc. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Apex Bricks and Concrete Solution ·
Balaji Enterprises ·
Bhavesh Traders ·
Bansal Flour Mill Engineers ·
Domino Printech India ·
Huphen Electromech Private Limited ·
Hanuman Khanosari Sugar Mill ·
Jinmata Trading Company ·
Floortech Engineerins Private Limited ·
Nirmala Trading Corporation ·
Ruchi Soya Industries Limited ·
G.L. Extrusion Limited ·
Prince Steels Industries Private Limited ·
Sanvijay Rolling and Eng. Limited ·
Shreyas Enterprises ·
Shri Laxmi Traders |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
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|
Customers : |
End Users ·
Vyankateshwara Mahila Audyogik Utpadak S S ·
Mahalaxmi Mahila A S S ·
Makharia Machinary Private Limited ·
Medicore Laboratories Private Limited ·
Floortech Engineers Private Limited ·
Samruddhi Mahila Aygogic Sahkari Sanstha ·
Indo Allied Food Protein ·
Agrawal Traders ·
Ajay Traders ·
Harish Food Company ·
Hemant Trading Company ·
Jai Ambe Traders |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
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|
No. of Employees : |
25 (Approximately) |
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|
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|
Bankers : |
·
UCO Bank, Mahajan Market, Sitabuldi,
Nagpur-440012, Maharashtra, India ·
Laxmi Nagri Sahakari Patsanstha ·
Union Bank of India ·
Oriental Bank of Commerce |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Facilities : |
|
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|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S R Narke and Associates Chartered Accountant |
|
Address : |
Jai Guru, Ujjwal Society Lane, Rahate Colony, Nagpur-440022,
Maharashtra, India |
|
PAN No.: |
ABLFS7483H |
|
|
|
|
Sister Concern : |
·
Balaji
Enterprises Address : Gulab Palace, Plot
No. 22 B, Farm Land, Ramdas Peth, Nagpur-440010, Maharashtra,
India Line of Business : Manufacturer of Nutrition Supplement Therabiotic
Powder etc |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35530 |
Equity Shares |
Rs.10/- each |
Rs. 0.355
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 |
0.355 |
0.355 |
0.355 |
|
|
2] Share Application Money |
4.000 |
4.000 |
4.000 |
|
|
3] Reserves & Surplus |
9.545 |
4.959 |
3.524 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
13.900 |
9.314 |
7.879 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
9.835 |
12.850 |
7.107 |
|
|
2] Unsecured Loans |
1.705 |
5.572 |
5.522 |
|
|
TOTAL BORROWING |
11.540 |
18.422 |
12.629 |
|
|
DEFERRED TAX LIABILITIES |
0.194 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
25.634 |
27.736 |
20.508 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
30.268 |
11.965 |
10.512 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.007 |
0.017 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
14.529
|
2.850 |
2.631 |
|
|
Sundry Debtors |
100.835
|
10.851 |
16.196 |
|
|
Cash & Bank Balances |
0.781
|
0.052 |
0.095 |
|
|
Other Current Assets |
1.987
|
1.374 |
17.081 |
|
|
Loans & Advances |
26.825
|
20.843 |
0.000 |
|
Total
Current Assets |
144.957
|
35.970 |
36.003 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
148.664
|
19.995 |
25.757 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.927
|
0.211 |
0.267 |
|
Total
Current Liabilities |
149.591
|
20.206 |
26.024 |
|
|
Net Current Assets |
(4.634)
|
15.764 |
9.979 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
25.634 |
27.736 |
20.508 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
|
421.871 |
59.835 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
416.106 |
58.013 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
5.765 |
1.822 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.201 |
0.010 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
5.564 |
1.812 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
156.60 |
-- |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
600.000 |
|
|
|
|
|
Expected Sales (2012-2013) : Rs.700.000 Millions
The above information has been parted by Ms. Gire.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.32
|
3.03 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.29
|
3.80 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.41
|
0.20 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
11.61
|
4.15 |
4.91 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.97
|
1.78 |
1.38 |
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 |
Yes |
|
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
two years |
Yes |
|
12] |
Profitability for last
two years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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] |
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 |
TRANSFER TO
RESERVES
During the year amount of Rs. 5.564 Millions have been transferred to
reserves
FORM 8
|
Corporate
identity number of the company |
U52205MH1998PTC116735 |
|
Name of the
company |
SWAPNIL AGRO
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
Gulab Palace, Plot No. 22 B, Farm Land, Ramdas Peth, Nagpur-440010, Maharashtra, India |
|
This form is for |
Modification of
charge |
|
Charge identification
number of the charge to be modified |
10324143 |
|
Type of charge |
·
Immovable
property ·
Book
debts ·
Movable
property (not being pledge) ·
Floating
charge |
|
Particular of
charge holder |
UCO Bank, Mahajan Market, Sitabuldi, Nagpur-440012, Maharashtra, India |
|
Nature of
instrument creating charge |
1. Deed of
Hypothecation of Movable Plant And Machinery To Secure A Term Loan 2. Agreement
Relating To Term Loan 3. Hypothecation
of Goods To Secure A Demand Cash Credit 4. Hypothecation
and Book Debts To Secure Demand Cash - Credit |
|
Date of
instrument Creating the charge |
02.06.2012 |
|
Amount secured by
the charge |
Rs. 61.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest 1. 14.75% p.a. on
Term Loan 2. 14.25% p.a. on
Cash Credit Terms of repayment For term loan -
principal loan will be repaid in 28 quarterly installments of Rs. 0.393 Million
each after a moratorium period of 11 months from 1st disbarment. Interest
will be serviced separately on monthly basis as and when falls due Margin 25% On Stocks 40% On Book-Debts On Debtors Up to
90 Days Extent and operation of the charge First charge unto
the bank all and singular movable and immovable assets belonging to and used
in and about the company's business. |
|
Short particulars
of the property charged (Including location of the property) |
Stock Of Raw
Materials Such As Polester, L.D., Ink, Adhesive, Wip, Finished Goods, Stores
And Spares, And / Or To Be Stored / Brought In Or Situated At Gate No.7,
P.H.No.73, Mouza - Dhuti, Nagpur Land and Building, Plant and Machinery Such
As Roto Graviour, Solvent Lamination Machine, Slitting Machine. Other
Immovable and Movable Fixed Assets Of Company At Project Site (Both Existing
and Future) and All That Piece and Parcel Of Non-Agr Land Situated At Mouza
Dhuti, P.H.No.73, A109, A9, A9a, A9b, A1, A47, A3 |
|
Particulars of
the present modification |
Term Loan of
11.000 Millions And Working Capital Fund Based - CC of 30.000 Millions
Sanctioned to Flexo Division of The Company In Addition to 20.000 Millions of
Working Capital Fund Based - CC (UCO Trader) Making The Total Exposure to
61.000 Millions. |
FIXED ASSETS
·
Building
·
Electrical Installation
·
Furniture and Fixture
·
Weighing Machine
·
Plant and Machinery
·
Air Conditioner
·
Three Wheeler
·
Truck
·
Building and Shed
·
Generator Set
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. 53.11 |
|
|
1 |
Rs. 85.14 |
|
Euro |
1 |
Rs. 68.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
4 |
|
--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 |
|
43 |
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.