MIRA
INFORM REPORT
|
Report Date : |
02.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
TANNA AGRO IMPEX PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
KAPOCK FINANCE AND TRADING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2nd Floor, Tanna House, 11/A, Nathalal Parekh Marg, Mumbai
- 400039, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
23.06.1993 |
|
|
|
|
Com. Reg. No.: |
11-072538 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.60.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U65923MH1993PTC072538 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT09039C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCT0245J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Trader of Agricultural Commodities. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3200000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having satisfactory track record.
Trade relations are reported as fair. Business is active. Payments are reported
to be usually correct and as per commitment. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 |
ICRA |
|
Rating |
BBB- (Long Term Rating) |
|
Rating Explanation |
Moderate degree of safety. It carry moderate
risk. |
|
Date |
March 2012 |
|
Rating Agency Name |
ICRA |
|
Rating |
A3 (Short Term Rating) |
|
Rating Explanation |
Moderate degree of safety. It carry higher
credit risk. |
|
Date |
March 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/ Head Office : |
2nd Floor, Tanna House, 11/A, Nathalal Parekh Marg, Mumbai
- 400039, Maharashtra, India |
|
Tel. No.: |
91-22-22021791/ 22029162/ 22846930/ 22846950 |
|
Fax No.: |
91-22-22021048 |
|
E-Mail : |
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|
Website : |
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|
Area : |
2500 Sq. ft |
|
Location : |
Owned |
|
|
|
|
Factory : |
Bedeshear, Jamnagar – 361002, Gujarat, India |
|
Tel. No.: |
91-288-2755593/ 2755607 |
|
Fax No.: |
91-288-2755593 |
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E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Dipak Kalyanji Tanna |
|
Designation : |
Director |
|
Address : |
Coolshang, 7 Gamadia Road, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
24.12.1958 |
|
Date of Appointment : |
08.07.1993 |
|
PAN No.: |
AABPT0587E |
|
DIN No. : |
00151217 |
|
|
|
|
Name : |
Mr. Niranjan Tanna |
|
Designation : |
Director |
|
Address : |
Coolshang, 7 Gamadia Road, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
24.12.1938 |
|
Date of Appointment : |
25.08.2005 |
|
DIN No. : |
00175932 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Dipak Tanna |
|
2575000 |
|
Niranjana Tanna |
|
50000 |
|
Dipak Tanna Family Trust, India |
|
2650000 |
|
Infocus Investments Private Limited, India |
|
700000 |
|
Sohni Tanna |
|
24950 |
|
Dipak Enterprises, India |
|
50 |
|
|
|
|
|
Total |
|
6000000 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
|
Bodies corporate |
|
55.83 |
|
Directors or relatives of directors |
|
44.17 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Agricultural Commodities. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
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Bankers : |
· United Bank of India, Overseas (Mumbai) Branch, UBI Building, 1st Floor, 25, Sir P S Mehta Road, Mumbai - 400001, Maharashtra, India · Indian Bank (Lead Bank), Fort Branch United India Building, Sir P. M. Road, Fort, Mumbai - 400001, Maharashtra, India |
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Facilities : |
(Rs.
In Millions)
|
|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ramesh M Sheth and Associates Chartered Accountants |
|
Address : |
1-A, Mulji Mistry Building , 1St Floor, Tejpal Road, Vile Parle (East), Mumbai, Maharashtra, India |
|
Tel. No.: |
91-22-26116260/ 26166064 |
|
Fax No.: |
91-22-26176577 |
|
Email : |
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|
Pan No. : |
AAAFR2194J |
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|
|
|
Others Related Companies : |
· Arti Corporation · Sunrise Enterprises · Dipak Enterprises · Dipak Tanna Family Trust |
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|
|
|
Associates : |
· Clam Properties Private Limited · Moidore Finance and Leasing Private Limited · Contemporary Properties Private Limited · Amira Tanna Industries Private Limited · Infocus Investments Private Limited · Neried Finance and Leasing Private Limited · General Produce and Oilseeds Private Limited · Tia Construction Company Limited · Contemporary Properties Private Limited |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
60.000 |
12.000 |
12.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
751.411 |
596.501 |
438.027 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
811.411 |
608.501 |
450.027 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1741.962
|
1693.171 |
1644.505 |
|
|
2] Unsecured Loans |
41.266 |
70.414 |
169.375 |
|
|
TOTAL BORROWING |
1783.228 |
1763.585 |
1813.880 |
|
|
DEFERRED TAX LIABILITIES |
5.806 |
7.187 |
7.587 |
|
|
|
|
|
|
|
|
TOTAL |
2600.445 |
2379.273 |
2271.494 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
119.554 |
69.952 |
63.744 |
|
|
Capital work-in-progress |
0.000 |
4.897 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.039 |
0.039 |
0.039 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
2559.846
|
1671.903 |
2381.720
|
|
|
Sundry Debtors |
135.786
|
1414.715 |
357.565
|
|
|
Cash & Bank Balances |
48.861
|
29.071 |
24.479
|
|
|
Other Current Assets |
4.084
|
3.354 |
0.000
|
|
|
Loans & Advances |
157.514
|
93.683 |
196.682
|
|
Total
Current Assets |
2906.091
|
3212.726 |
2960.446 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
416.492
|
901.175 |
615.755
|
|
|
Other Current Liabilities |
4.086
|
2.505 |
0.000
|
|
|
Provisions |
4.661
|
4.661 |
136.980
|
|
Total
Current Liabilities |
425.239
|
908.341 |
752.735 |
|
|
Net Current Assets |
2480.852
|
2304.385 |
2207.711
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2600.445 |
2379.273 |
2271.494 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
306.547 |
253.160 |
211.768 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.518 |
6.608 |
5.782 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
299.029 |
246.552 |
205.986 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
96.119 |
88.879 |
71.875 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
202.910 |
157.673 |
134.111 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
16.501 |
18.027 |
10.916 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
160.000 |
160.000 |
127.000 |
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
59.411 |
16.500 |
18.027 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
6501.128 |
5690.764 |
5576.913 |
|
|
TOTAL EARNINGS |
6501.128 |
5690.764 |
5576.913 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
33.82 |
131.39 |
111.75 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.88 |
7.51 |
6.81
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.37 |
0.41 |
0.46
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.20 |
2.90 |
4.03
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.83 |
3.54 |
3.93
|
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
No |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As on 31.03.2012 |
As on 31.03.2011 |
|
Loans and advances from directors |
35.254 |
60.112 |
|
Loans and advances from others |
6.012 |
10.302 |
|
|
|
|
|
Total |
41.266 |
70.414 |
CONTINGENT
LIABILITIES
a. Estimated amount of contracts remaining to be executed on capital account are Rs. 13.828 Millions. (Previous year Rs. 13.774 Millions).
b. Bills purchased / negotiated by banks is Rs.15.900 Millions (Previous year Rs. 16.537 Millions )
c. The Company has guaranteed the facility availed by Companies in which Directors are interested. Total Outstanding as on 31.3.2012 is Rs 242.900 Millions (Previous year Rs. 176.022 Millions)
d. The Company has received a demand for Rs.5.863 Millions from Income tax department for disallowance of the deduction U/s.80HHC of Income Tax Act 1961, for assessment year 2003-04, out of the above total Rs.3.517 Millions has been paid towards above demand. (Previous year Rs.3.517 Millions).
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration
number of the company |
U65923MH1993PTC072538 |
||||||||||||||||||||||||
|
Name of the
company |
TANNA AGRO IMPEX
PRIVATE LIMITED |
||||||||||||||||||||||||
|
Address of the
registered office or of the principal place of business in India of the company |
2nd Floor, Tanna House, 11/A, Nathalal Parekh Marg, Mumbai
- 400039, Maharashtra, India E-mail: tanna@bom.vsnl.net.in
|
||||||||||||||||||||||||
|
This form is for |
Modification
of charge |
||||||||||||||||||||||||
|
Charge
identification (ID) number of the charge to be modified |
90230893 |
||||||||||||||||||||||||
|
Type of charge |
·
Immovable
property ·
Book
debts ·
Movable
property (not being pledge) ·
Others
(stocks) |
||||||||||||||||||||||||
|
Particular of
charge holder |
Indian Bank (Lead Bank), Fort Branch United India Building, Sir P. M. Road, Fort, Mumbai - 400001, Maharashtra, India E-mail: emailroc@rediffmail.com
|
||||||||||||||||||||||||
|
Nature of
instrument creating charge |
1) Joint Sixth
Supplemental Deed of Hypothecation 2) Sixth
Supplemental Working Capital Consortium Agreement 3) Memorandum of
Entry 4) Sixth
Supplemental Intersee Agreement (All the above documents
constitute as a single charge) |
||||||||||||||||||||||||
|
Date of
instrument Creating the charge |
28.09.2012 |
||||||||||||||||||||||||
|
Amount secured by
the charge |
Rs.2396.000
Millions |
||||||||||||||||||||||||
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest rate and
other charges as per the sanction
letters executed by the Bank in consortium Terms of
Repayment as per the
sanction letters executed by the Bank in consortium Margin as per the
sanction letters executed by the Bank in consortium Extent and
Operation of the charge The Banks in
consortium (Indian Bank Lead Bank) have revised the banking limits of the
Company to Rs. 2396.000 Millions. To secure the due repayment of the banking
limits and for all costs, interest and other charges thereon, continuation of
paripasu charge on current assets, Plant and machineries situated at
Gharaunda, Ward no 2, Karnal, Haryana and immovable properties of the Company
in Dist Karnal, Haryana. Total charge modified from Rs. 1850.000 Millions to
Rs. 2396.000 Millions Others (Rs. In Millions)
|
||||||||||||||||||||||||
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
The whole of the current
assets of the Borrower namely stocks of Raw materials, stocks in process,
Semi-finished and Finished Goods, stores, Bills, Receivables and Book
Debts and all other movables, Plant
and machineries situated at Gharaunda, Ward no 2, Karnal, Haryana Land Survey no.
284, Khaitani No. 389, Muraba no 104, Kilan 6/8-0, 15/8-0, 16/8-0, 25/1/3-7,
Kitte 4 Rakaba, 27 Canal 7 Malli 2 Land Revenue No
239, Khaitani no. 335 and 336, Maraba No. 103, Kilan, 11/2/2/1-18, 18/2/2-4,
19/5-4, 20/2 Mean (8-1), 20/2 Mean/0-2, Kitte 5 Rakaba 17 Canal, 486/3621 of
Marble Part 2 Canal, 7 Marble Land Revenue No
579, Khaitani no. 822, Murabba no 10, Kilan no 1/2/0 18, 8/8-0/, 9/8-0/, 10/8-0/, 11/1/6-0/, 13/1/4-0, kitte 6,
Rakaba 34, 486/362 of Canal 18 Marble Part 4
Canal 14 Marble Land Survey no.
812 Khaitani No. 1157, Muraba no 103 Kilan no 12/8-0, Rakaba 486/3621 Part pf
Canal and Land Survey no.
1358 Muraba no 95 Kilan 24/2, 7/2 Muraba no 104 of Kilan No 4/7-8/, 5/8-0/,
7/7-8, Kitte 4 Rakaba 29 Canal 18 Marble, at Gharaunda Ward no. 2 Dist
Karnal, Haryana, together with all buildings and structures thereon and all
Plant and Machinery attached to the earth or permanently fastened to anything
attached to the earth. |
||||||||||||||||||||||||
|
Particulars of
the present modification |
The Banks in
consortium (Indian Bank Lead Bank) have revised the banking limits of the
Company to Rs. 2396.000 Millions. To secure the due repayment of the banking
limits and for all costs, interest and other charges thereon, continuation of
paripasu charge on current assets, Plant and machineries situated at
Gharaunda, Ward no 2, Karnal, Haryana and immovable properties of the Company
in Dist Karnal, Haryana. Total charge modified from Rs. 1850.000 Millions to
Rs. 2396.000 Millions |
FIXED ASSETS
Tangible Assets
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
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 exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
|
1 |
Rs.82.32 |
|
Euro |
1 |
Rs.69.54 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.