MIRA INFORM REPORT
|
Report Date : |
05.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
DIAMOND INTERNATIONAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-9, Mayapuri Industrial Area, Phase – II, New Delhi – 110064 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
26.08.1986 |
|
|
|
|
Com. Reg. No.: |
55-025235 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 40.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1986PTC025235 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELD01582A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Automobile Accessories and Spare Parts. |
|
|
|
|
No. of Employee:
|
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 260816 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The company has incurred a loss during current year. 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 caution.
|
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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/Factory : |
A-9, Mayapuri Industrial Area Phase – II, New Delhi – 110064, India |
|
Tel. No.: |
91-11-30522100 /01 / 02 / 03 |
|
Fax No.: |
91-11-30520111 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2012
|
Name : |
Mr. |
|
Designation : |
Director |
|
Address : |
D-33, Block - D, |
|
Date of Birth/Age : |
13.04.1939 |
|
Date of Appointment : |
26.08.1986 |
|
DIN : |
00047710 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U74899DL1986PTC025235 |
Diamond
International Private Limited |
Director |
26-08-86 |
26-08-86 |
Active |
NO |
|
2 |
U74899DL1991PLC044211 |
Diamond
Products Limited |
Director |
13-05-91 |
13-05-91 |
Active |
NO |
|
Name : |
Mr. Ramesh Kumar Gupta |
|
Designation : |
Director |
|
Address : |
D-33, Block - D, |
|
Date of Birth/Age : |
15.12.1958 |
|
Date of Appointment : |
24.05.1995 |
|
DIN : |
00047724 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U19100DL1978PTC009328 |
Diamond
Footcare Udyog Private Limited |
Director |
31-07-86 |
31-07-86 |
Active |
NO |
|
2 |
U74899DL1991PLC044211 |
Diamond
Products Limited |
Director |
13-05-91 |
13-05-91 |
Active |
NO |
|
3 |
U74899DL1986PTC025235 |
Diamond
International Private Limited |
Director |
24-05-95 |
24-05-95 |
Active |
NO |
|
4 |
U74899DL1983PTC016375 |
Diamond
Dynamics (India) Private Limited |
Director |
01-04-96 |
01-04-96 |
Amalgamated |
NO |
|
5 |
U19201DL2006PTC144705 |
Diamond
Footstep Private Limited |
Director |
22-01-09 |
10-11-08 |
Active |
NO |
|
6 |
U19100HR1998PTC033949 |
Hooda
Finance And Investment Private Limited |
Director |
29-05-09 |
18-03-09 |
Active |
NO |
|
7 |
U70100DL2010PTC210597 |
Pan
Asia Developers Private Limited |
Director |
12-08-11 |
12-08-11 |
Active |
NO |
|
Name : |
Mr. Kamal Gupta |
|
Designation : |
Managing Director |
|
Address : |
G-190, Nariana Vihar, |
|
Date of Birth/Age : |
01.06.1973 |
|
Date of Appointment : |
01.07.2005 |
|
DIN : |
00703811 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U74899DL1986PTC025235 |
Diamond
International Private Limited |
Managing
director |
13-06-08 |
01-07-05 |
Active |
NO |
|
2 |
U74899DL1983PTC016375 |
Diamond
Dynamics (India) Private Limited |
Managing
director |
06-03-06 |
06-03-06 |
Amalgamated |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2012
|
Names of Shareholders |
No. of Shares |
|
|
|
|
Kamal Gupta |
306700 |
|
Kamal Gupta and Sons, India |
34050 |
|
Megha Gupta |
36100 |
|
Yukta Agarwal (Minor) |
12050 |
|
Diya Gupta (Minor) |
11100 |
|
Total |
400000 |
AS ON 30.09.2012
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Automobile Accessories and Spare Parts. |
||||||
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|
||||||
|
Products : |
|
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
Unit |
Actual
Production |
|
Formed Springs |
Pcs. |
56529395 |
|
Shocker |
Pcs. |
1341965 |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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Bankers : |
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Facilities : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Lunawat and Company Chartered Accountants |
|
Address : |
54, Darya Ganj, New Delhi – 110002, India |
|
Tel No.: |
91-11-23270624 |
|
Telfax No.: |
91-11-23279414 |
|
PAN No. : |
AAAFL1539M |
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
Rs.100/- each |
Rs. 40.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
Rs.100/- each |
Rs. 40.000 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 |
40.000 |
40.000 |
40.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
25.204 |
26.195 |
23.656 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
65.204 |
66.195 |
63.656 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
119.435 |
59.318 |
52.100 |
|
|
2] Unsecured Loans |
23.640 |
2.740 |
1.357 |
|
|
TOTAL BORROWING |
143.075 |
62.058 |
53.457 |
|
|
DEFERRED TAX LIABILITIES |
1.416 |
0.000 |
0.105 |
|
|
|
|
|
|
|
|
TOTAL |
209.695 |
128.253 |
117.218 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
75.205 |
28.231 |
20.880 |
|
|
Capital work-in-progress |
5.413 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
10.940 |
10.135 |
13.276 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.267 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
57.170
|
28.832
|
18.702 |
|
|
Sundry Debtors |
47.252
|
58.691
|
53.585 |
|
|
Cash & Bank Balances |
0.225
|
0.067
|
0.031 |
|
|
Other Current Assets |
0.852
|
2.881
|
0.000 |
|
|
Loans & Advances |
43.851
|
27.298
|
35.693 |
|
Total
Current Assets |
149.350
|
117.769
|
108.011 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
6.567
|
9.659
|
13.949 |
|
|
Other Current Liabilities |
18.543
|
13.375
|
1.847 |
|
|
Provisions |
6.103
|
5.115
|
9.153 |
|
Total
Current Liabilities |
31.213
|
28.149
|
24.949 |
|
|
Net Current Assets |
118.137
|
89.620
|
83.062 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
209.695 |
128.253 |
117.218 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
|
333.285 |
246.951 |
|
|
|
Sales of Trading Goods |
271.010 |
0.010 |
0.000 |
|
|
|
Other Income |
|
6.314 |
4.396 |
|
|
|
TOTAL (A) |
271.010 |
339.609 |
251.347 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
|
215.879 |
159.278 |
|
|
|
Purchase – Trading |
|
0.007 |
0.000 |
|
|
|
Manufacturing Expenses |
|
83.555 |
58.132 |
|
|
|
Administrative Expenses |
|
14.871 |
12.266 |
|
|
|
Selling and Distribution Expenses |
NA |
3.571 |
2.889 |
|
|
|
Other Expenses |
|
1.209 |
1.709 |
|
|
|
Prior period Item (net) |
|
0.000 |
0.000 |
|
|
|
Provision on Diminution in Long Term Investments |
|
5.307 |
0.000 |
|
|
|
Increase / Decrease in Stock |
|
(4.800) |
0.207 |
|
|
|
TOTAL (B) |
NA |
319.599 |
234.481 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
16.087 |
20.010 |
16.866 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
7.001 |
4.810 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
14.997 |
13.009 |
12.056 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
3.831 |
3.435 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.090 |
9.178 |
8.621 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.080 |
(5.659) |
(2.696) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
(0.990) |
3.934 |
5.925 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
15.038 |
11.717 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
1.200 |
1.200 |
|
|
|
Dividend |
NA |
1.200 |
1.200 |
|
|
|
Tax on Dividend |
NA |
0.195 |
0.204 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
16.377 |
15.038 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
8.098 |
13.720 |
3.482 |
|
|
TOTAL EARNINGS |
8.098 |
13.720 |
3.482 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
0.736 |
0.405 |
|
|
|
Foreign Traveling |
|
0.045 |
0.032 |
|
|
|
Capital Goods |
|
0.000 |
0.000 |
|
|
|
Membership Fees |
NA |
0.029 |
0.000 |
|
|
|
Consumable |
|
0.179 |
0.067 |
|
|
|
Repairs and Maintenance Plant and Machinery |
|
0.147 |
0.000 |
|
|
TOTAL IMPORTS |
NA |
1.136 |
0.504 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(2.00) |
9.72 |
14.81 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(0.36)
|
1.15
|
2.36 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.40
|
2.75
|
3.49 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.48
|
6.28
|
6.69 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.13
|
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.19
|
0.93
|
1.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.78
|
4.18
|
4.33 |
LOCAL AGENCY FURTHER INFORMATION
TURNOVER
The company recorded the turnover and other income of Rs. 275.550
millions as against Rs. 339.609 millions in 2011-12.
PROFITABILITY
The company has earned profit before tax amounting Rs. 1.090 Millions on
during the year as against Rs. 9.177 Millions in 2011-12. After provision for
Taxes the Amount available for appropriation during the year is Rs. (0.990)
Million as against Rs. 3.933 Millions in last years.
FUTURE PLAN
The company is in
process of switch over from the survival mode to stability mode. The Company
has set the target of Turnover of Rs.1000.000 Millions and to achieve this
target the company has initiated a consolidated effort in this direction. The
company is in ongoing process of acquisition of highly sophisticated Machinery
from abroad so as to minimize the cost of product and improve the quality. The
Directors are hopeful to make considerable increase in the Turnover and
profitability the company in the coming year and it is expected that positive
trend will continue in furthering the growth of the company.
|
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 |
-- |
|
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 |
Yes |
|
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] |
PAN of Proprietor/Partner/Director, if
available |
-- |
|
32] |
Passport No of Proprietor/Partner/Director,
if available |
-- |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
-- |
|
34] |
External Agency Rating, if available |
No |
FORM 8
|
Corporate
identity number of the company |
U74899DL1986PTC025235 |
|
Name of the
company |
DIAMOND INTERNATIONAL
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
A-9 Mayapuri
Industrial Area, Phase II, New Delhi – 110064, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
Book debts Movable property
(not being pledge) Floating charge |
|
Particular of
charge holder |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel
West, Mumbai – 400013, Maharashtra, India Email : RBBform8@hdfcbank.com |
|
Nature of
instrument creating charge |
Supplementary
Letter of Hypothecation. |
|
Date of
instrument Creating the charge |
28.07.2011 |
|
Amount secured by
the charge |
Rs. 102.035 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Interest at the
rate as may be communicated by the Bank from time to time. Terms of repayment On Demand Margin As may be
stipulated by the Bank from time to time Extent and operation of the charge Hypothecation by
way of First Charge on Company's Stocks, Book Debts etc., to secure as a
continuing security as for the repayment of Rs.102.035 millions, together
with interest, costs, charges, expenses and other moneys due and payable by
the Company to the Bank. |
|
Short particulars
of the property charged (Including location of the property) |
Stock in Trade,
consisting of raw materials, goods in process of manufacturing finished goods,
and other merchandise whatsoever being movable properties All the debts,
that is, all the book debts, out standings, monies receivables, claims, bills, invoice documents, contracts,
guarantees, and rights |
|
Charge
identification number of the charge to be modified |
10198869 |
|
Particulars of
the present modification |
The charge shall
now stand increased from to Rs. 80.035 Millions to Rs. 102.035 Millions
against the security of Stocks and Book Debts of the Company. |
FIXED ASSETS :
- Land
- Building
- Tubewell
- Sheds
- Elavator
- Transformer
- Dies and
Moulds
- AC, Fans and
Coolers
- Computers
- Cycles
- Electric
Iinstallation
- Fire Fighting
Equipment
- Furniture and
Fixture
- Generator
- Moped
- Office
Equipment
- Plant and
machinery
- Material
handling Equipment
- Quality
Control Equipment
- Tools and
Equipments
- Vehicles
- Water Cooler
- Weight and
Measurement
- Mobile Phone
- Motor Cycle
- Refrigerator
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. 54.64 |
|
|
1 |
Rs. 82.41 |
|
Euro |
1 |
Rs. 70.08 |
INFORMATION DETAILS
|
Report Prepared by
: |
PRL |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
28 |
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.