|
Report Date : |
22.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
CHAITANYA REFRACTORY PRIVATE LIMITED (w.e.f. 25.03.2011) |
|
|
|
|
Formerly Known
As : |
CHAITANYA PLYWOOD PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
White House, 3rd Floor, Block-D, 119, Kolkata – 700016, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
07.09.1995 |
|
|
|
|
Com. Reg. No.: |
21-074052 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4.998 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36912WB1995PTC074052 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALC04617E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC0997J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Refractory Raw Materials. |
|
|
|
|
No. of Employees
: |
9 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Profitability
of the company appears to be low. However, trade relations are reported as
fair. Business is active. Payments are reported to be slow but correct. The company can be considered for small business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including industrial
deregulation, privatization of state-owned enterprises, and reduced controls on
foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of persistently
high inflation and interest rates and little progress on economic reforms. High
international crude prices have exacerbated the government's fuel subsidy
expenditures contributing to a higher fiscal deficit, and a worsening current
account deficit. Little economic reform took place in 2011 largely due to
corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
White House, 3rd Floor, Block-D, 119, Park Street, Kolkata – 700016, West
Bengal, India |
|
Tel. No.: |
91-33-30222561/62/63 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Abakash Padmapur, Near Ajanta New Factory, Village Malancha
Padampurkar, Post Bhangor, District 24 Parganas (South) – 743502, West Bengal,
India |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Sandeep Dhandharia |
|
Designation : |
Director |
|
Address : |
46A, Madan Mohan Malviya Sarani, Kolkata – 700026, West Bengal, India |
|
Date of Birth/Age : |
06.04.1963 |
|
Date of Appointment : |
07.09.1995 |
|
DIN No.: |
01872409 |
|
Voter ID No.: |
ADKPD9755C |
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 |
U36912WB1995PTC074052 |
CHAITANYA
REFRACTORY PRIVATE LIMITED |
Director |
07/09/1995 |
07/09/1995 |
- |
Active |
NO |
|
2 |
L51900WB1984PLC073442 |
SUNFLOWER
MERCANTILES LTD. |
Director |
27/02/1996 |
27/02/1996 |
- |
Amalgamated |
NO |
|
3 |
U74210WB1986PTC041153 |
KAYEE
PROJECT EQUIPMENTS PVT LTD |
Director |
29/12/2000 |
29/12/2000 |
- |
Active |
NO |
|
4 |
U63090WB2011PTC170861 |
NEELKAMAL
TRANSPORT PRIVATE LIMITED |
Director |
19/12/2011 |
19/12/2011 |
- |
Active |
NO |
|
Name : |
Matadin Dhandharia |
|
Designation : |
Director |
|
Address : |
46A, Madan Mohan Malviya Sarani, Kolkata – 700026, West Bengal, India |
|
Date of Birth/Age : |
02.10.1959 |
|
Date of Appointment : |
07.09.1995 |
|
DIN No.: |
02615438 |
|
Voter ID No.: |
ADXPD1285E |
|
|
|
|
Name : |
Ms. Mamta Dhandharia |
|
Designation : |
Director |
|
Address : |
46A, Madan Mohan Malviya Sarani, Kolkata – 700026, West Bengal, India |
|
Date of Birth/Age : |
01.01.1967 |
|
Date of Appointment : |
07.09.1995 |
|
DIN No.: |
02615457 |
|
Voter ID No.: |
ADSPD6327N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Sandeep Dhandharia |
|
100 |
|
Matadin Dhandharia |
|
25100 |
|
Mamta Dhandharia |
|
100 |
|
Sentro Builders Private Limited, India |
|
195000 |
|
Mohan Banshidhari India Private Limited, India |
|
99500 |
|
Esskaywire Enterprises Private Limited, India |
|
180000 |
|
Total |
|
499800 |
List of Allottees
As on 19.03.2012
|
Names of Allottees |
|
No. of Shares Allotted
|
|
|
|
|
|
Matadin Dhandharia |
|
74900 |
|
Sarla Dhandharia |
|
70000 |
|
Sandeep Dhandharia |
|
34900 |
|
Mamta Dhandharia |
|
100000 |
|
Yash Dhandharia |
|
80000 |
|
Vatsal Dhandharia |
|
140000 |
|
Total |
|
499800 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
94.96 |
|
Directors or relatives of Directors |
5.06 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Refractory Raw Materials. |
GENERAL INFORMATION
|
Customers : |
·
TATA Refractories ·
ASCHOM |
||||||||||||
|
|
|
||||||||||||
|
No. of Employees : |
9 (Approximately) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
Bank of India, Lindsay Street Branch, 8, Lindsay Street,, Kolkata - 700087,
West Bengal, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sanjay Gopal and Associates Chartered Accountants |
|
Address : |
9, Crooked Lane, 3rd Floor, Room No.20, Kolkata – 700069, West Bengal,
India |
|
Tel. No.: |
91-33-22483207 / 3222 |
|
Fax No.: |
91-33-22483653 |
|
E-Mail : |
|
|
PAN No.: |
ACIPA3412G |
|
|
|
|
Associates/Subsidiaries : |
·
Chaitanya Sales ·
KAYE Projects |
CAPITAL STRUCTURE
After 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
999600 |
Equity Shares |
Rs.10/- each |
Rs.9.996
Millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
499800 |
Equity Shares |
Rs.10/- each |
Rs.4.998
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 |
4.998 |
4.998 |
4.998 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
5.884 |
5.535 |
5.136 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
10.882 |
10.533 |
10.134 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.524 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.524 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.010 |
0.008 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
11.416 |
10.541 |
10.134 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
6.317 |
5.212 |
0.827 |
|
|
Capital work-in-progress |
1.592 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.106 |
0.106 |
0.106 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.003 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.124
|
0.000 |
2.759 |
|
|
Sundry Debtors |
1.204
|
4.312 |
2.802 |
|
|
Cash & Bank Balances |
0.588
|
0.139 |
1.733 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
1.856
|
1.304 |
2.679 |
|
Total
Current Assets |
3.772
|
5.755 |
9.973 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
0.000 |
0.000 |
|
|
Other Current Liabilities |
0.300
|
0.365 |
0.444 |
|
|
Provisions |
0.137
|
0.167 |
0.331 |
|
Total
Current Liabilities |
0.437
|
0.532 |
0.775 |
|
|
Net Current Assets |
3.335
|
5.223 |
9.197 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.066 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
11.416 |
10.541 |
10.134 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1.766 |
4.008 |
0.966 |
|
|
|
Freight Received |
10.964 |
17.780 |
23.861 |
|
|
|
Other Income |
0.465 |
0.243 |
0.066 |
|
|
|
TOTAL (A) |
13.195 |
22.031 |
24.893 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase (Refractories) and Direct Expenses |
1.480 |
1.058 |
0.557 |
|
|
|
Administrative and other Expenses |
1.073 |
0.770 |
0.680 |
|
|
|
Operational Cost |
10.054 |
16.672 |
22.886 |
|
|
|
(Decrease) / Increase in stock |
(0.124) |
2.759 |
0.276 |
|
|
|
TOTAL (B) |
12.483 |
21.259 |
24.399 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.712 |
0.772 |
0.494 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.265 |
0.195 |
0.014 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.447 |
0.577 |
0.480 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.138 |
0.178 |
0.157 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.309 |
0.399 |
0.323 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.555 |
1.156 |
0.833 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1.864 |
1.555 |
1.156 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.34
|
1.81 |
1.30 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
25.31
|
14.40 |
49.69 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.43
|
5.26 |
4.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
0.05 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.09
|
0.05 |
0.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
8.63
|
10.82 |
12.87 |
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% |
No |
|
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 |
Yes |
|
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 |
Yes |
|
34] |
External Agency Rating,
if available |
No |
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U36912WB1995PTC074052 |
|
Name of the company |
CHAITANYA REFRACTORY PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
White House, 3rd Floor, Block-D,
119, Park Street, Kolkata – 700016, West Bengal, India E-mail Id : chatanya@cal.vsnl.net.in
|
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable property Book debts Movable property (not being pledge) Others (Plant and Machinery) |
|
Particular of charge holder |
Bank of India, Lindsay Street Branch, 8, Lindsay Street, Kolkata -
700087, West Bengal, India E-mail Id : LindsayStreet.Kolkata@bankofindia.co.in
|
|
Nature of instrument creating charge |
i) Hypothecation Cum Loan Agreement (Plant and Machinery, Stocks And
Book Debts), ii) No Instrument, Oral Assent. |
|
Date of instrument Creating the charge |
16/02/2012 |
|
Amount secured by the charge |
Rs.20.000 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest Term Loan:3% over Base Rate, Presently effective 13.75% plus tenor
premium of 0.50% i.e.14.25% p.a with monthly rests Cash Credit:3% over Base Rate, Presently effective 13.75% p.a. with
monthly rests. Terms of Repayment Cash Credit repayable on demand, Term Loan of Rs.15.000 Millions repayable in 60 monthly installment
(E.M.I) of Rs.0.347 Million each commencing from July, 2012. Door to door
tenor 66 months. Margin Term Loan: 31.15%, Cash Credit (Stock): 25%, Cash Credit (Book Debts):
40%, Bank Guarantee: 20%. Extent and Operation of the charge Hypothecation of Stock including advances, Hypothecation of Book Debts, Hypothecation of Plant and Machinery, Equitable mortgage of factory land and shed. Others Amount Secured by the charge:- Facilities Amount Term Loan
Rs.15.000 Millions Cash Credit
Rs.4.000 Millions Bank Guarantee Rs.1.000
Millions Total limit Rs.20.000 Millions |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Hypothecation of Stock including advances, Book Debts and Plant and
Machinery of the Company. All that piece and parcel in District South 24 Pgs, ADSRO- Bhangore,
Pargana- Paikhati, Mouza-Malancha, J.L.No.87, Touji No.985, Rayata Swatwa
under Narayanpur Gram Panchayat, Bhangore, R.S.Khatian No.306 and R.S
.Khatian No.422 K.B. attested L.R Khatian No.130, 949, 944. R.S.Plot No.214
(two hundred fourteen) Danga area 06
Decimals And R.S.Plot No.217 (two hundred seventeen ) Danga area 1.60
decimal totaling to 7.60 decimal
butted and bounded by on the
North:R.S. Plot No.214 , South-R.S. Plot No.216 , East-R.S. Plot No.201 and West Plot No.215. J.L. No.87,
Touji No.635-640, Rayati Stitiban Swatwa under Gram Panchayat R.S. Khatian
no. 618, Khanda Khatian No. 85, L.R. Khatian No.515, 630 and 441 R.S.Dag
No.201 (two hundred one) Danga area 33 (thirty three) decimal more or less one Bigha butted and bounded
by on the North- R.S.Plot No.201, South-R.S.Plot No.243, 244, East -R.S.Plot
No.200 and 198 and West- R.S.Plot No.214 and 216. J.L.No.87, Touji No.635-640
Rayati Stitiban Swatwa under Gram Panchayat R.S.Khatian No.215 L.R. Khatian
No.620,914,150,156,184,401 and 215 -1) R.S. Plot No.215 ( two hundred fifteen
) Danga area 13.03 Decimals with R.S.Khatian No.618 L.R.Khatian
No.661,156,715, (2) R.S.Plot No.216 (two hundred sixteen)Danga area 16
decimals R.S. Khatian No.110 L.R.Khatian No.504,924,24/1. (3) R.S.Plot No.200
(two hundred) Danga area 07 Decimals.-R.S.Khatian No.115 L.R.Khatian No.7001
and 533 and (4) R.S.Plot No.245 Danga area 2 decimals totaling to 38.03 Decimals in four dags butted and bounded by on the
North- R.S.Plot No.213 and 201 , South R.S. Plot No.242 and 246 , East R.S.
Plot No.254 and West- R.S. Plot
No.217. |
FIXED ASSETS:
·
Air conditioner
·
Computer
·
Land
·
Office A/c
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.53.91 |
|
|
1 |
Rs.87.60 |
|
Euro |
1 |
Rs.70.01 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
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 |
4 |
|
--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 |
|
29 |
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.