MIRA INFORM REPORT
|
Report Date : |
19.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
EASTERN BEARINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
108, First Floor, Transport Centre, Rohtak Road, New Delhi
– 110035 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
01.03.2000 |
|
|
|
|
Com. Reg. No.: |
55-104074 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.38.450 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40300DL2000PTC104074 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Spherical Bearings, Angular Contact Bearing, Cam
Followers, Flange Block and Plastics Bearings
|
|
|
|
|
No. of Employees
: |
Not Available |
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 280000 |
|
|
|
|
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 get 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
LONG TERM RATING : CRISIL BB - |
|
Rating Explanation |
Having moderate risk of default regarding timely servicing of
financial obligation. |
|
Date |
April, 2012 |
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 : |
108, First Floor, Transport Centre, Rohtak Road, New Delhi
– 110035, India |
|
Tel. No.: |
91-11-25475455 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Administrative Office / Factory : |
Nathupur, Kundli, District Sonepat - 131029, Haryana, India |
|
Tel. No.: |
91-130-2219482 |
|
Fax No.: |
91-130-2219485 |
|
E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Sunil Goel |
|
Designation : |
Director |
|
Address : |
11/23, East Punjabi Bagh, New Delhi – 110026, India |
|
Date of Birth/Age : |
13.06.1972 |
|
Date of Appointment : |
01.07.2002 |
|
PAN No.: |
00166319 |
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 |
U40300DL2000PTC104074 |
EASTERN
BEARINGS PRIVATE LIMITED |
Director |
01/07/2002 |
01/07/2002 |
- |
Active |
NO |
|
2 |
U74899DL1990PLC039861 |
A R
B BEARINGS LIMITED |
Director |
15/12/2003 |
15/12/2003 |
01/08/2012 |
Active |
NO |
|
3 |
U74899DL1994PLC063407 |
MEDI
PLUS (INDIA) LIMITED |
Director |
15/04/2010 |
01/04/2005 |
16/05/2011 |
Active |
NO |
|
4 |
U64200DL2008PLC181600 |
LAMBDA
EASTERN TELECOMMUNICATION LIMITED |
Director |
31/07/2008 |
31/07/2008 |
15/05/2012 |
Active |
NO |
|
5 |
U40106DL2011PTC216798 |
TIARA
ENERGY PRIVATE LIMITED |
Director |
30/03/2011 |
30/03/2011 |
- |
Active |
NO |
|
Name : |
Mr. Surinder Kumar Goel |
|
Designation : |
Director |
|
Address : |
11/23, East Punjabi Bagh, New Delhi – 110026, India |
|
Date of Birth/Age : |
25.11.1964 |
|
Date of Appointment : |
01.03.2000 |
|
PAN No.: |
00344158 |
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 |
U74899DL1990PLC039861 |
A R
B BEARINGS LIMITED |
Director |
26/12/1993 |
26/12/1993 |
01/08/2012 |
Active |
NO |
|
2 |
U40300DL2000PTC104074 |
EASTERN
BEARINGS PRIVATE LIMITED |
Director |
01/03/2000 |
01/03/2000 |
- |
Active |
NO |
|
3 |
U64200DL2008PLC181600 |
LAMBDA
EASTERN TELECOMMUNICATION LIMITED |
Director |
31/07/2008 |
31/07/2008 |
29/06/2012 |
Active |
NO |
|
4 |
U93000DL2009PTC197290 |
UNIQUE
CORPORATE CONSULTANTS PRIVATE LIMITED |
Director |
20/01/2010 |
20/01/2010 |
- |
Active |
NO |
|
5 |
U93000DL2010PTC197551 |
AMBIT
ADVISORY SERVICES PRIVATE LIMITED |
Director |
20/01/2010 |
20/01/2010 |
- |
Active |
NO |
|
6 |
U74899DL1994PLC063407 |
MEDI
PLUS (INDIA) LIMITED |
Director |
15/04/2010 |
15/04/2010 |
16/05/2011 |
Active |
NO |
|
7 |
U40105DL2009PTC191346 |
SAIDHAM
OVERSEAS PRIVATE LIMITED |
Director |
18/08/2010 |
18/08/2010 |
- |
Active |
NO |
|
8 |
U40109DL2011PTC216553 |
S
AND K POWERTECH PRIVATE LIMITED |
Director |
25/03/2011 |
25/03/2011 |
- |
Active |
NO |
|
9 |
U40106DL2011PTC216798 |
TIARA
ENERGY PRIVATE LIMITED |
Director |
30/03/2011 |
30/03/2011 |
- |
Active |
NO |
|
Name : |
Mr. Sunil Goyal |
|
Designation : |
Director |
|
Address : |
2/72, Roop Nagar, Delhi – 110007, India |
|
Date of Birth/Age : |
17.04.1970 |
|
Date of Appointment : |
15.12.2008 |
|
PAN No.: |
02388916 |
|
|
|
|
Name : |
Mr. Saurabh Bansal |
|
Designation : |
Director |
|
Address : |
25/8, Punjabi Bagh Extension, New Delhi – 110026, India |
|
Date of Birth/Age : |
24.04.1983 |
|
Date of Appointment : |
15.12.2008 |
|
PAN No.: |
02388921 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Sunder Lal Goel |
|
10 |
|
Surinder Goel |
|
1306990 |
|
Mohinder Goel and
Sons (HUF) |
|
94500 |
|
Sunil Goel |
|
1163500 |
|
Saurabh Bansal |
|
200000 |
|
Sunil Goel and Sons
(HUF) |
|
78500 |
|
Surinder Goel and
Sons (HUF) |
|
64000 |
|
Hema Goel |
|
20000 |
|
Leelawati Goel |
|
85000 |
|
T D Kalra |
|
50000 |
|
Ishwar Chand Goel
and Sons (HUF) |
|
53500 |
|
Kamlesh Bansal |
|
10000 |
|
Ganesh Bansal and
Sons (HUF) |
|
8500 |
|
Deepti Bansal |
|
3000 |
|
Bimal Dadhvich |
|
100000 |
|
Santosh Kumar
Dhayama |
|
50000 |
|
Sonam Goel |
|
27500 |
|
Mohinder Goel |
|
120000 |
|
Ganesh Bansal |
|
150000 |
|
Sunil Goyal |
|
260000 |
|
Total |
|
3845000 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
94.80 |
|
Other top fifty shareholders |
5.20 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Spherical Bearings, Angular Contact Bearing, Cam
Followers, Flange Block and Plastics Bearings
|
|
|
|
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Anil Khatri and Company Chartered Accountants |
|
Address : |
V-2, Rajouri Garden, New Delhi – 110027, India |
|
PAN No.: |
AATPK7756J |
|
|
|
|
Other Related Parties: |
|
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3845000 |
Equity Shares |
Rs.10/- each |
Rs.38.450
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 |
38.450 |
38.450 |
30.000 |
|
|
2] Share Application Money |
0.300 |
0.300 |
6.350 |
|
|
3] Reserves & Surplus |
31.449 |
23.783 |
16.853 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
70.199 |
62.533 |
53.203 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
72.524 |
80.436 |
71.440 |
|
|
2] Unsecured Loans |
50.447 |
13.994 |
19.196 |
|
|
TOTAL BORROWING |
122.971 |
94.430 |
90.636 |
|
|
DEFERRED TAX LIABILITIES |
5.608 |
5.270 |
4.566 |
|
|
|
|
|
|
|
|
TOTAL |
198.778 |
162.233 |
148.405 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
66.885 |
58.527 |
58.766 |
|
|
Capital work-in-progress |
0.184 |
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 |
101.253
|
80.827 |
56.415 |
|
|
Sundry Debtors |
85.091
|
68.562 |
71.789 |
|
|
Cash & Bank Balances |
18.950
|
5.687 |
4.371 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
11.739
|
13.201 |
8.820 |
|
Total
Current Assets |
217.033
|
168.277 |
141.395 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
65.477
|
55.042 |
41.143 |
|
|
Other Current Liabilities |
16.894
|
6.411 |
8.472 |
|
|
Provisions |
3.000
|
3.195 |
2.249 |
|
Total
Current Liabilities |
85.371
|
64.648 |
51.864 |
|
|
Net Current Assets |
131.662
|
103.629 |
89.531 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.047 |
0.077 |
0.108 |
|
|
|
|
|
|
|
|
TOTAL |
198.778 |
162.233 |
148.405 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Gross
Turnover/Other Receipts |
285.700 |
281.100 |
256.600 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
16.500 |
16.300 |
14.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.600 |
5.400 |
4.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
10.900 |
10.900 |
9.500 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.400 |
4.000 |
3.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
7.500 |
6.900 |
6.100 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
34.812 |
7.972 |
14.489 |
|
|
TOTAL EARNINGS |
34.812 |
7.972 |
14.489 |
|
|
|
|
|
|
|
|
|
|
TOTAL IMPORTS |
55.470 |
33.931 |
15.546 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.95 |
1.79 |
2.04 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.84
|
4.81 |
4.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.17 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.97
|
2.54 |
2.68 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.54
|
2.60 |
2.73 |
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 |
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] |
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 |
Yes |
NOTE:
The registered office address of the company
has been shifted from “11/26, East Punjabi Bagh, New Delhi - 110026, India” to
the present address w.e.f. 07.09.2011
BUSINESS OPERATIONS
AND FUTURE OUTLOOK
There has been no significant change in performance of the company in the current year in comparison to last year, though export of the company has gone up nearly four times. The product of the company has been widely accepted by the customers and repeat orders from domestic and export markets are forthcoming. The directors of the company are conscious of the need to increase the business of the company and are sure of better results in the years to come. The company had engaged during the year to a new sector-power. The company has been allotted 1 mw solar power project from IREDA. The company had tied up with Lanco Power for execution and running of the power project who will also contribute towards the financial cost of around Rs.150.000 Millions for the project. The land measuring 6 acres for the project stands purchased at SOHN BHADARA at a cost of Rs.2.100 Millions.
CONTINGENT LIABILITIES
All the known liabilities have been provided for and there are no disputed liabilities as confirmed by the Directors.
Contingent Liabilities are not provided for in the Accounts. The details of contingent liabilities as on date are as follows:-
(Rs. In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
Outstanding Letters of Credit |
15.993 |
12.799 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U40300DL2000PTC104074 |
|
Name of the
company |
EASTERN BEARINGS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
108, First Floor,
Transport Centre, Rohtak Road, New Delhi – 110035, India E-mail Id : arb@easternbearings.in |
|
This form is for |
Creation of charge |
|
Type of charge |
Movable property (not being pledge) Others (Counter Indemnity) |
|
Particular of
charge holder |
Bank of Baroda, Pusa
Road, New Delhi - 110008, India E-mail Id : akandco@hotmail.com |
|
Nature of
instrument creating charge |
Counter Indemnity
for guarantees |
|
Date of
instrument Creating the charge |
27.08.2012 |
|
Amount secured by
the charge |
Rs.9.000 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest As per sanctioned
terms. Terms of
Repayment Payable on demand Margin 25% Extent and Operation
of the charge 100% Others To secure all
amounts payable under Adhoc Bank Guarantee Limit of Rs.9.000 Millions granted
to the Company together with all interests, costs, charges, expenses etc. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Counter Indemnity |
FIXED ASSETS:
- Computers
- Air
Conditioner
- Building
- Cars
- Cooler
- Delivery Van
- E.P.A.B.X and
Telephone
- Electrical
Fittings
- Entina
- ETP Plant
- Fire
Extinguisher
- Furniture and
Fixtures
- Gas Pipe Line
- Generator
- Land
- Microtek Ups
- Plant and
Machinery
- Pollution
Control Device
- Scooter /
Motor Cycle
- Tea Coffee
Machine
- Television
Set
- Tools and
Equipments
- Water
Cooler
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.52.97 |
|
|
1 |
Rs.85.45 |
|
Euro |
1 |
Rs.69.46 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
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.