Business
information report
1.
Summary Information
|
|
|
Country |
India |
|
Company Name |
MADHUSUDAN ORGANICS LIMITED |
Principal Name 1 |
Mr. Prateek Jhajharia |
|
Status |
Moderate |
Principal Name 2 |
Mr. Arun Kumar Jhajharia |
|
|
|
Registration # |
21-031386 |
|
Street Address |
5, Gopal Doctor Road, Kolkata-700023, West Bengal, India |
||
|
Established Date |
15.03.1978 |
SIC Code |
-- |
|
Telephone# |
91-33-24590448 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-33-24597567 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Industrial Oil |
|
|
# of employees |
Not Available |
Product Name 2 |
Petroleum – Jelly |
|
Paid up capital |
Rs.
1,500,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors – 100% |
Banking |
HDFC Bank |
|
Public Limited Corp. |
No |
Business Period |
34 Years |
|
IPO |
No |
International Ins. |
- |
|
Public Enterprise |
No |
Rating |
B (27) |
|
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 |
33,802,000 |
Current Liabilities |
42,066,000 |
|
Inventories |
23,054,000 |
Long-term Liabilities |
11,061,000 |
|
Fixed Assets |
2,512,000 |
Other Liabilities |
2,609,000 |
|
Deferred Assets |
685,000 |
Total Liabilities |
55,736,000 |
|
Invest& other Assets |
157,000 |
Retained Earnings |
5,448,000 |
|
|
|
Net Worth |
4,474,000 |
|
Total Assets |
60,210,000 |
Total Liab. & Equity |
60,210,000 |
|
Total Assets (Previous Year) |
30,581,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
189,952,000 |
Net Profit |
302,000 |
|
Sales(Previous yr) |
81,008,000 |
Net Profit(Prev.yr) |
28,000 |
|
Report Date : |
11.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
MADHUSUDAN ORGANICS LIMITED |
|
|
|
|
Registered
Office : |
5, Gopal Doctor Road, Kolkata-700023, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
15.03.1978 |
|
|
|
|
Com. Reg. No.: |
21-031386 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24234WB1978PLC031386 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALM02250D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Chemicals, solvents, ink
distillates, rolling oil, bitumen, base oil, white oil, middle dis |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 17000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. There appears
some accumulated losses recorded by the company. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some
cautions. |
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 : |
5, Gopal Doctor Road, Kolkata-700023, West Bengal, India |
|
Tel. No.: |
91-33-24590448 |
|
Fax No.: |
91-33-24597567 |
|
E-Mail : |
DIRECTORS
AS ON 27.09.2011
|
Name : |
Mr. Prateek Jhajharia |
|
Designation : |
Director |
|
Address : |
12, sunny Park, Ballygunj, Kolkata-400019, West Bengal, India |
|
Date of Birth/Age : |
22.09.1979 |
|
Date of Appointment : |
18.06.2008 |
|
DIN No.: |
02229226 |
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 |
U24234WB1978PLC031386 |
MADHUSUDAN
ORGANICS LIMITED |
Director |
18/06/2008 |
18/06/2008 |
Active |
NO |
|
2 |
U29246WB1962PLC025558 |
AJAY INDUSTRIES
LIMITED |
Director |
12/08/2009 |
12/08/2009 |
Active |
NO |
|
3 |
U74300MH1933PLC002043 |
HILL ELLIOTT AND
COMPANY LIMITED |
Director |
15/09/2009 |
15/09/2009 |
Active |
|
|
4 |
U63023WB1937PLC009032 |
JAMES WRIGHT
LIMITED |
Director |
13/11/2009 |
13/11/2009 |
Active |
|
Name : |
Mr. Arun Kumar Jhajharia |
|
Designation : |
Director |
|
Address : |
Asray Apartment, Block A, 5th Floor, 12, sunny Park,
Kolkata-700019, West Bengal, India |
|
Date of Birth/Age : |
26.09.1948 |
|
Date of Appointment : |
18.06.2008 |
|
DIN No.: |
00655598 |
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 |
U18101WB1946PLC013497 |
UNITED HOSIERY
MILLS LIMITED |
Director |
03/05/1984 |
03/05/1984 |
- |
Active |
|
|
2 |
U24231GJ1989PTC011717 |
GUJARAT
PARACHLOR PRIVATE LIMITED |
Director |
01/04/1991 |
01/04/1991 |
- |
Active |
NO |
|
3 |
U74300MH1933PLC002043 |
HILL ELLIOTT AND
COMPANY LIMITED |
Director |
09/09/1991 |
09/09/1991 |
- |
Active |
|
|
4 |
U24299GJ1978PTC003240 |
GUJARAT
PARAFFINS PRIVATE LIMITED |
Director |
29/08/1994 |
29/08/1994 |
16/06/2008 |
Active |
NO |
|
5 |
U24299GJ1975PTC002657 |
GUJARAT
PARAWAXES PRIVATE LIMITED |
Director |
29/08/1994 |
29/08/1994 |
- |
Active |
NO |
|
6 |
U25206WB1996PTC082209 |
NATURE PLAST
PRIVATE LIMITED |
Director |
12/12/1998 |
12/12/1998 |
- |
Active |
NO |
|
7 |
U63023WB1937PLC009032 |
JAMES WRIGHT
LIMITED |
Director |
17/09/2001 |
17/09/2001 |
- |
Active |
|
|
8 |
U24234WB1978PLC031386 |
MADHUSUDAN
ORGANICS LIMITED |
Director |
18/06/2008 |
18/06/2008 |
- |
Active |
NO |
|
Name : |
Mr. Gopal Chandra Nath |
|
Designation : |
Director |
|
Address : |
22/1, Nabin Banerjee Lane, LP, 312/5, Howrah-711104, West Bengal,
India |
|
Date of Birth/Age : |
04.09.1948 |
|
Date of Appointment : |
01.05.2010 |
|
DIN No.: |
02748046 |
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 |
U29246WB1962PLC025558 |
AJAY INDUSTRIES
LIMITED |
Director |
12/08/2009 |
12/08/2009 |
Active |
NO |
|
2 |
U24234WB1978PLC031386 |
MADHUSUDAN
ORGANICS LIMITED |
Director |
01/05/2010 |
01/05/2010 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2011
|
Names of Shareholders |
No. of Shares |
|
Arun Kumar Jhajharia HUF |
29940 |
|
Arun Kumar Jhajharia |
45400 |
|
Manju Jhajharia |
22500 |
|
Prateek Jhajharia |
26850 |
|
Megha Jhajharia |
12400 |
|
Puneet Jhajharia |
12800 |
|
Anil Jhajharia |
100 |
|
Gopal Chandra Nath |
10 |
|
TOTAL
|
150000 |
AS ON 27.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Chemicals, solvents, ink
distillates, rolling oil, bitumen, base oil, white oil, middle dis |
||||||
|
|
|
||||||
|
Products : |
|
PRODUCTION STATUS (AS ON : 31.03.2011)
|
Particulars |
Unit |
Actual
Production |
|
|
|
|
|
Industrial Oil |
Ltrs. |
4628302 |
Note
1. No Licence under the Industries Development and Regulation Act, 1991 is
required.
2. Installed Capacity are certified by the management.
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
·
HDFC Bank |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Loharuka and Company Chartered Accountant |
|
Address : |
11, Clive Row, Kolkata-700001, West Bengal, India |
|
PAN No.: |
AJKPK0220D |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
180000 |
Equity Shares |
Rs.10/- each |
Rs. 1.800 Millions |
|
20000 |
Unclassified Shares |
Rs.10/- each |
Rs. 0.200 Million |
|
|
TOTAL |
|
Rs. 2.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.10/- each |
Rs. 1.500
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 |
1.500 |
1.500 |
1.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
5.448 |
5.448 |
5.448 |
|
|
4] (Accumulated Losses) |
(2.474) |
(2.777) |
(2.805) |
|
|
NETWORTH |
4.474 |
4.171 |
4.143 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.581 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
10.480 |
9.465 |
2.960 |
|
|
TOTAL BORROWING |
11.061 |
9.465 |
2.960 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
15.535 |
13.636 |
7.103 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.512 |
2.348 |
2.576 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.157 |
0.157 |
0.157 |
|
|
DEFERREX TAX ASSETS |
0.685 |
0.739 |
0.828 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
23.054
|
4.799 |
2.890 |
|
|
Sundry Debtors |
27.550
|
17.806 |
4.303 |
|
|
Cash & Bank Balances |
0.684
|
0.821 |
0.491 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
5.568
|
3.911 |
3.077 |
|
Total
Current Assets |
56.856
|
27.337 |
10.761 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
32.161
|
7.473 |
0.060 |
|
|
Other Current Liabilities |
9.905
|
7.036 |
5.076 |
|
|
Provisions |
2.609
|
2.436 |
2.083 |
|
Total
Current Liabilities |
44.675
|
16.945 |
7.219 |
|
|
Net Current Assets |
12.181
|
10.392 |
3.542 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
15.535 |
13.636 |
7.103 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
189.952 |
81.008 |
72.371 |
|
|
|
Sales of Shares |
0.000 |
0.000 |
4.139 |
|
|
|
Profit on Sale of Shares |
0.000 |
0.000 |
0.019 |
|
|
|
Commodity Profit |
1.250 |
3.054 |
0.000 |
|
|
|
Misc. Receipts |
1.193 |
2.231 |
0.076 |
|
|
|
Liabilities No Longer Required |
0.000 |
0.032 |
0.042 |
|
|
|
TOTAL (A) |
192.395 |
86.325 |
76.647 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
155.070 |
65.995 |
51.485 |
|
|
|
Manufacturing Expenses |
4.598 |
2.132 |
4.081 |
|
|
|
Payment and Provisions for Employees |
4.048 |
3.799 |
3.602 |
|
|
|
Selling and Distribution Expenses |
1.169 |
1.494 |
0.503 |
|
|
|
Administrative Expenses |
1.697 |
1.564 |
3.284 |
|
|
|
Purchase of Shares |
0.000 |
0.000 |
3.989 |
|
|
|
Excise Duty |
23.939 |
10.137 |
9.125 |
|
|
|
Miscellaneous Expenses |
0.047 |
0.072 |
0.136 |
|
|
|
TOTAL (B) |
190.568 |
85.193 |
76.205 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1.827 |
1.132 |
0.442 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.948 |
0.483 |
0.199 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.879 |
0.649 |
0.243 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.442 |
0.510 |
0.233 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.437 |
0.139 |
0.010 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.135 |
0.111 |
0.001 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.302 |
0.028 |
0.009 |
|
|
|
|
|
|
|
|
|
Less |
Provision for FBT |
0.000 |
0.000 |
0.038 |
|
|
Less |
Deferred Tax |
0.000 |
0.000 |
0.122 |
|
|
Add |
Excess Provision Written Off |
0.000 |
0.000 |
0.011 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(2.777) |
(2.805) |
(2.665) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(2.475) |
(2.777) |
(2.805) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.01 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.16
|
0.03 |
0.01 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.23
|
0.17 |
0.01 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.73
|
0.46 |
0.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.03 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
12.46
|
6.33 |
2.46 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.27
|
1.61 |
1.49 |
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 |
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 |
FIXED ASSETS
·
Leasehold Land
·
Factory Building
·
Motor car
·
Office Equipments
·
Air Conditioner
·
Electric Installation
·
Furniture and Fixture
·
Lab Equipments
·
Plant and Machinery
·
Tube-Well
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l Anti-Money
Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 55.33 |
|
|
1 |
Rs. 88.50 |
|
Euro |
1 |
Rs. 70.74 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
27 |
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.