MIRA
INFORM REPORT
|
Report Date : |
06.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
CENTRAL INVESTIGATION AND SECURITY SERVICES LIMITED |
|
|
|
|
Registered
Office : |
002, |
|
|
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|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
29.03.1985 |
|
|
|
|
Com. Reg. No.: |
11-035790 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74920MH1985PLC035790 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACC6145P |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing Security and Safety Services |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 510000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having a moderate track record. The
latest financials are not made available with the government department. As per previous year’s, the performance capability seems to be
satisfactory. Trade relations are reported to be fair. Business is active.
Payments are reported to be unknown. 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 – 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 : |
002, Parasram Pura Tower No.6 Near Millat Nagar, Oshiwara, Andheri
(West), Mumbai – 400053, Maharashtra, India |
|
Tel. No.: |
91-22-26351906 |
|
Fax No.: |
91-22-26374711 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
611, Crystal Paradise Mall, Off Link Road, Veera Desai
Road, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Tel. No.: |
91-22-26733776/5 |
|
Fax No.: |
91-22-26731776 |
|
E-Mail : |
|
|
|
|
|
Regional Office : |
Located at ·
Ahmedabad ·
Chennai ·
New Delhi ·
Bangalore |
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|
|
|
Branch Office : |
Located at · Aurangabad · Bharuch · Baroda · Hosur · Coimbatore · Kalyan · Kochi · Goa · Kota · Mangalore · Nashik · Nagpur · Pune · Baddi · Indore · Solapur · Sahupuram · Jammu · Vapi · Porbander · Kolhapur · Ahmednagar · Kanpur · Bhopal · Kolkata · Hyderabad · Bhubaneshwar · Pondichery · Raipur · Lucknow · Patna · Gandhidham · Jodhpur · Jaipur ·
Roorkee |
DIRECTORS
As on 26.09.2011
|
Name : |
Mr. Ramesh Narsingrao Pimple |
|
Designation : |
Director |
|
Address : |
A-102, Panch Mukhi Panch Marg, Off Yari Road, Versova, Andheri (West),
Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
15.10.1952 |
|
Date of Appointment : |
29.03.1985 |
|
DIN No.: |
00400512 |
|
|
|
|
Name : |
Mrs. Bela Ramesh Pimple |
|
Designation : |
Director |
|
Address : |
A-102, Panch Mukhi Panch Marg, Off Yari Road, Versova, Andheri (West),
Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
14.12.1957 |
|
Date of Appointment : |
17.04.2001 |
|
DIN No.: |
00400923 |
KEY EXECUTIVES
|
Name : |
Mr. Varun |
|
Designation : |
Senior Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Ramesh Narsingrao Pimple A-102, Panch Mukhi Panch Marg, Off Yari Road, Versova, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
60120 |
|
Bela Ramesh Pimple A-102, Panch Mukhi Panch Marg, Off Yari Road, Versova, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
7000 |
|
Krishnarao Narsingrao Pimple A-502, Varun Apartment, Yari Road, Versova, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
25920 |
|
Mohan Narsingrao Pimple A-1004, Royal Classic, Link Road, Andheri (West), Mumbai – 400053, Maharashtra,
India |
|
3960 |
|
Saraswati Narsingrao Pimple A-502, Varun Apartment, Yari Road, Versova, Andheri (West), Mumbai –
400053, Maharashtra, India |
|
1000 |
|
Suresh Narsingrao Pimple 28/33, Sagar Sangam, Bandra Reclamation, Bandra (West), Mumbai –
400050, Maharashtra, India |
|
1000 |
|
Anuradha Suresh Pimple 28/33, Sagar Sangam, Bandra Reclamation, Bandra (West), Mumbai –
400050, Maharashtra, India |
|
1000 |
|
Total |
|
100000 |
Equity Share Break up (Percentage of Total Equity)
As on 26.09.2011
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Security and Safety Services |
GENERAL INFORMATION
|
Customers : |
·
Ashok Leyland Limited ·
Hindustan Motors Limited ·
Dena Bank ·
State Bank of India ·
Municipal Corporation of Greater Mumbai ·
Corporation of Chennai ·
Indian Institute of Technology ·
Symbiosis Institute of Operation Management ·
Adani Petronet (Dahej) Port Private Limited ·
Jawaharlal Nehru Port Trust ·
Tata Chemicals Limited ·
Gujarat Heavy Chemicals Limited ·
Taj Manjuran ·
Kokilaben Dhirubhai Ambani Hospital ·
Balco ·
Sterlite Copper Limited ·
Reliance Energy Limited ·
Gareware Polyster Limited |
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No. of Employees : |
Not Available |
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Bankers : |
·
State Bank of India ·
State Bank of Jaipur and Bikaner ·
United Western Bank Limited ·
Bank of India ·
Syndicate Bank ·
Indian Overseas Bank ·
State Bank of Saurashtra ·
Punjab National Bank ·
Standard Chartered Grindlays ·
Axis Bank ·
HDFC Bank ·
Dena Bank ·
ICICI Bank ·
Canara Bank ·
The Lakshmi Vilas Co op Bank Limited ·
Maurana Dist. Co-op. Bank ·
UCO Bank ·
Bank of Maharashtra ·
City Union Bank ·
Union Bank of India ·
DCB ·
State Bank of Mysore ·
Centurion Bank of Punjab Limited ·
Corporation Bank ·
Jammu and Kashmir Bank Limited ·
IDBI Bank Limited, IDBI Tower, WTC Complex, Cuff
Parade, Mumbai – 400005, Maharashtra, India ·
The Shamrao Vithal Cp-Operative Bank Limited,
Khar Branch, Mumbai – 400052, Maharashtra, India |
|||||||||||||||
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|||||||||||||||
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Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Suvarna and Katdare Chartered Accountants |
|
Address : |
80, Emulji Mistry Building 61, Tejpal Road, Opposite Parle Gluco Biscuit Factory, Vile Parle (East), Mumbai-400057, Maharashtra, India |
|
Tel. No.: |
91-22-26115621 |
|
Fax No.: |
91-22-26114526 |
|
PAN No.: |
AAZFS0029C |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000
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 |
1.000 |
1.000 |
1.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
126.125 |
98.319 |
79.167 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
127.125 |
99.319 |
80.167 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
3.309 |
4.717 |
1.821 |
|
|
2] Unsecured Loans |
20.645 |
7.137 |
4.543 |
|
|
TOTAL BORROWING |
23.954 |
11.854 |
6.364 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
151.079 |
111.173 |
86.531 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
13.142 |
13.324 |
7.687 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.050 |
0.050 |
0.050 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
221.052
|
146.935 |
107.070 |
|
|
Cash & Bank Balances |
97.370
|
24.515 |
19.061 |
|
|
Other Current Assets |
0.012
|
0.013 |
0.020 |
|
|
Loans & Advances |
81.757
|
66.166 |
52.139 |
|
Total
Current Assets |
400.191
|
237.629 |
178.290 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.369
|
0.275 |
0.250 |
|
|
Other Current Liabilities |
244.824
|
127.754 |
88.705 |
|
|
Provisions |
17.111
|
11.801 |
10.541 |
|
Total
Current Liabilities |
262.304
|
139.830 |
99.496 |
|
|
Net Current Assets |
137.887
|
97.799 |
78.794 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
151.079 |
111.173 |
86.531 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1060.559 |
753.867 |
665.231 |
|
|
|
Other Income |
22.699 |
19.223 |
9.055 |
|
|
|
TOTAL (A) |
1083.258 |
773.090 |
674.286 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Contract cost |
7.780 |
3.288 |
|
|
|
|
Consumption materials changes inventories |
0.000 |
0.005 |
|
|
|
|
Employee related expenses |
961.377 |
683.712 |
|
|
|
|
Administrative selling other expenses |
61.614 |
51.009 |
|
|
|
|
TOTAL (B) |
1030.771 |
738.014 |
642.576 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
52.487 |
35.076 |
31.710 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
5.594 |
3.382 |
4.501 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
46.893 |
31.694 |
27.209 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.346 |
2.286 |
1.609 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
43.547 |
29.408 |
25.600 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
14.737 |
10.022 |
10.307 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
28.810 |
19.386 |
15.293 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.148 |
0.596 |
5.537 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
20.000 |
19.600 |
20.000 |
|
|
|
Dividend |
0.200 |
0.200 |
0.200 |
|
|
|
Tax on Dividend |
0.034 |
0.034 |
0.034 |
|
|
BALANCE CARRIED
TO THE B/S |
8.725 |
0.148 |
0.596 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
288.10 |
193.86 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.66 |
2.51 |
2.27 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.11 |
3.90 |
3.85 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.54 |
11.72 |
13.77 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34 |
0.30 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.19 |
0.12 |
0.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.53 |
1.70 |
1.79 |
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 |
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 |
No |
|
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 |
DETAILS OF
UNSECURED LOAN
(Rs. In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
Working Capital Loans from Banks |
8.279 |
3.925 |
|
Working Capital Loans from Financial Institutions |
10.667 |
2.490 |
|
Loans from Directors |
1.699 |
0.722 |
|
Total |
20.645 |
7.137 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U74920MH1985PLC035790 |
|
Name of the
company |
CENTRAL INVESTIGATION
AND SECURITY SERVICES LIMITED |
|
Address of the
registered office or of the principal place of business in |
002, Parasram Pura Tower No.6 Near Millat Nagar, Oshiwara, Andheri
(West), Mumbai – 400053, Maharashtra, India E-Mail id : ashraf@cisspl.com |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
90241585 |
|
Type of charge |
Immovable property Book debts Movable property (not being pledge) |
|
Particular of
charge holder |
IDBI Bank
Limited, IDBI Tower, WTC Complex, Cuffe Parade, Mumbai – 400005, Maharashtra,
India E-mail id : kr.sanjeev@idbi.co.in |
|
Nature of
instrument creating charge |
Supplemental Deed
of Hypothecation date July 18, 2012, Declaration and
Undertaking for mortgage by deposit of title deed dated July 18, 2012 |
|
Date of
instrument Creating the charge |
18.07.2012 |
|
Amount secured by
the charge |
Rs.75.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Cash Credit
Facility - BBR+4.5% p. a. Bank Guarantee
Facility - 2% p.a Terms of Repayment 12 months from the
date of sanction letter, unless renewed or On Demand. Margin Cash Credit
Facility - 40% margin on Book Debts upto 90 days Bank Guarantee
Facility -15% Cash Margin. Extent and Operation of the charge Primary -
Hypothecation of Book Debts Collateral -
Mortgage of immoveable properties owned by the company situated at i) Office bearing
no. 318 on the 3rd Floor, situated at Orient Business Center, Sayajigunj
Vibhag, Vadodara, Gujarat, India ii) Residential
flat bearing no. 402 on the 4th Floor, Darpan Co-operative Housing Society
Limited Sayajigunj Vibhag, Vadodara, Gujarat, India iii) Office
bearing no. D-403, 4th Floor, Sahajanand Shopping Centre (Akshar
Association), T. P. Scheme No. 14, Mouje Dariapur, Kazipur |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Office bearing
no. 318 on the 3rd Floor, situated at Orient Business Center, Sayajigunj
Vibhag, Vadodara, Gujarat, India Residential flat
bearing no. 402 on the 4th Floor, Darpan Co-operative Housing Society Limied
Sayajigunj Vibhag, Vadodara, Gujarat, India Office bearing
no. D-403, 4th Floor, Sahajanand Shopping Centre (Akshar Association), T. P.
Scheme No. 14, Mouje Dariapur, Kazipur, Ahmedabad, Gujarat, India |
|
Date of
instrument modifying the charge |
16.07.2010 |
|
Particulars of
the present modification |
By this
modification the aggregate limit of the facilities has been enhanced from Rs.58.000
Millions to Rs.75.000 Millions comprising of Bank Guarantee of Rs.55.000
Millions and Cash Credit of Rs.20.000 Millions. |
FIXED ASSETS:
·
Land
·
Office Building
·
Furniture and Fixtures
·
Office Equipments
·
Motor Car
·
Luna
·
Air Conditioner
·
Scooter
·
Fax Machines
·
Computer
·
Fire Arms
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.54.88 |
|
|
1 |
Rs.83.54 |
|
Euro |
1 |
Rs.70.90 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
36 |
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.