1. Summary Information
|
|
|
Country |
India |
|
Company Name |
SURYA BUSINESS PRIVATE LIMITED |
Principal Name 1 |
Mr. Viresh Jain |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Rajesh Jain |
|
|
|
Registration # |
21-079266 |
|
Street Address |
Mercantile Building, Block – C, 1st Floor, 9A Lal Bazar
Street, Kolkata – 700001, West Bengal |
||
|
Established Date |
11.04.1996 |
SIC Code |
-- |
|
Telephone# |
91-33-22102450 |
Business Style 1 |
Trader |
|
Fax # |
91-33-22430444 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
Watches |
|
# of employees |
Not Available |
Product Name 2 |
Electronic Items |
|
Paid up capital |
Rs.20,000,000/- |
Product Name 3 |
Cellular Phones |
|
Shareholders |
Bodies
corporate 3.75%, Directors or relatives of directors 89.75%, Other top fifty shareholders 6.50% |
Banking |
Citibank
N.A. |
|
Public Limited Corp. |
No |
Business Period |
17 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (43) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates
|
-- |
Surya Vistacom Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
124,002,000 |
Current Liabilities |
63,902,000 |
|
Inventories |
41,120,000 |
Long-term Liabilities |
74,360,000 |
|
Fixed Assets |
18,220,000 |
Other Liabilities |
2,983,000 |
|
Deferred Assets |
000 |
Total Liabilities |
141,245,000 |
|
Invest& other Assets |
11,800,000 |
Retained Earnings |
33,897,000 |
|
|
|
Net Worth |
53,897,000 |
|
Total Assets |
195,142,000 |
Total Liab. & Equity |
195,142,000 |
|
Total Assets (Previous Year) |
205,564,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
NA |
Net Profit |
6,598,000 |
|
Sales(Previous yr) |
NA |
Net Profit(Prev.yr) |
5,542,000 |
|
Report Date : |
06.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
SURYA BUSINESS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Mercantile Building, Block – C, 1st Floor, 9A Lal Bazar
Street, Kolkata – 700001, West Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
11.04.1996 |
|
|
|
|
Com. Reg. No.: |
21-079266 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.20.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U33301WB1996PTC079266 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALS07624B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading in Watches, Electronic Items, Cellular Phones, Home
Appliances, Cameras, Computers, Sun Glasses and Beverages, etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 215000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade relations
are reported as fair. Business is active. Payments are reported to be usually
correct and as per commitments. The company can be considered 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 |
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 : |
Mercantile Building, Block – C, 1st Floor, 9A Lal Bazar
Street, Kolkata – 700001, West Bengal, India |
|
Tel. No.: |
91-33-22102450/ 22430426/
22488147/ 22102451 |
|
Fax No.: |
91-33-22430444 |
|
E-Mail : |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Viresh Jain |
||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||
|
Address : |
17/1 E, Alipore Road, Kolkata-700027, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.09.1963 |
||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
11.04.1996 |
||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00123425 |
||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship : |
|
||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Rajesh Jain |
||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||
|
Address : |
17/1 E, Alipore Road, Kolkata-700027, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
19.03.1968 |
||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.1997 |
||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00123471 |
||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship : |
|
||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Ms. Parinita Jain |
||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||
|
Address : |
17/1 E, Alipore Road, Kolkata-700027, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.08.1988 |
||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
18.10.2011 |
||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
05100468 |
||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Viresh Jain |
|
14000 |
|
Sangita Jain |
|
13689 |
|
Mamta Jain |
|
30011 |
|
Rajesh Jain |
|
17125 |
|
Suryakanta Jain |
|
69175 |
|
Rai Bahadur Chunilal Agencies, India |
|
1000 |
|
Mach Farm Private Limited, India |
|
7500 |
|
Ativardhan Jain |
|
18500 |
|
Parinita Jain |
|
16000 |
|
Chiranji Lal Jain |
|
1500 |
|
Santa Devi Jain |
|
1000 |
|
A. Thsarise Sangtam and Sepila Sangtam |
|
1000 |
|
Bendangmongba and Temsumeren |
|
1500 |
|
Imlinuken and Inmasenla Jamir Eors |
|
1750 |
|
Selongelia M. Sangtam |
|
500 |
|
Sentio Nunghi |
|
5000 |
|
Talim Eren |
|
750 |
|
|
|
|
|
TOTAL
|
|
200000 |
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
3.75 |
|
Directors
or relatives of directors |
|
89.75 |
|
Other
top fifty shareholders |
|
6.50 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading in Watches, Electronic Items, Cellular Phones, Home
Appliances, Cameras, Computers, Sun Glasses and Beverages, etc. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||
|
|
|
|||||||||
|
Bankers : |
Citibank N.A., Kanak Building, 41 Chowringhee Road, Kolkata – 700071, West Bengal, India |
|||||||||
|
|
|
|||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K. S. Bothra and Company Chartered Accountants |
|
Address : |
9/12, Lal Bazar Street, Mercantile Building, ‘E’ Block, 1st
Floor, Kolkata – 700001, West Bengal, India |
|
Tel. No.: |
91-33-22306733/ 22485534/ 22430682 |
|
Fax No.: |
91-33-22102003 |
|
E-Mail : |
|
|
PAN No: |
AADFK7294B |
|
|
|
|
Associates : |
·
Surya Vistacom Private Limited
[U32204WB2005PTC105733] ·
Surya Business (Insurance Agent) ·
Raibahadur Chunilal and Sons |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 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 |
20.000 |
20.000 |
15.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
33.897 |
27.300 |
16.758 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
53.897 |
47.300 |
31.758 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
64.607 |
51.500 |
45.599 |
|
|
2] Unsecured Loans |
9.753 |
17.296 |
12.670 |
|
|
TOTAL BORROWING |
74.360 |
68.796 |
58.269 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
128.257 |
116.096 |
90.027 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
18.220 |
15.049 |
9.757 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
11.800 |
10.100 |
1.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
41.120
|
55.286
|
37.340
|
|
|
Sundry Debtors |
82.693
|
89.709
|
64.082
|
|
|
Cash & Bank Balances |
20.072
|
16.606
|
8.493
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
21.237
|
18.814
|
13.641
|
|
Total
Current Assets |
165.122
|
180.415 |
123.556 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
51.677
|
82.370
|
38.811
|
|
|
Other Current Liabilities |
12.225
|
3.320
|
3.178
|
|
|
Provisions |
2.983
|
3.778
|
2.297
|
|
Total
Current Liabilities |
66.885
|
89.468
|
44.286
|
|
|
Net Current Assets |
98.237
|
90.947
|
79.270
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
128.257 |
116.096 |
90.027 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
NA |
813.384 |
|
|
|
Other Income |
NA |
NA |
3.682 |
|
|
|
TOTAL (A) |
NA |
NA |
817.066 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
NA |
NA |
782.957 |
|
|
|
Administrative Expenses |
NA |
NA |
22.340 |
|
|
|
TOTAL (B) |
NA |
NA |
805.297 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
NA |
11.769 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
NA |
5.876 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
9.739 |
5.893 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
NA |
1.744 |
1.364 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
9.644 |
7.995 |
4.529 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.046 |
2.453 |
1.399 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
6.598 |
5.542 |
3.130 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
17.299 |
11.757 |
8.627 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
23.897 |
17.299 |
11.757 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
32.99 |
27.71 |
20.86 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
NA
|
0.38
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
0.56
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.26
|
4.09
|
3.40
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.17
|
0.14
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.37
|
1.45
|
1.83
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.47
|
2.02
|
2.79
|
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 one year |
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 |
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
NOTE:
The registered office of the company has been
shifted from, Mercantile Building, 2nd Floor, 9/12 Lal Bazar Street,
Kolkata – 700001, West Bengal, India, to the present address with effect from
28.02.2011.
|
Unsecured Loan |
As
on 31.03.2012 [Rs.
in Millions] |
As
on 31.03.2011 [Rs.
in Millions] |
|
Working Capital Loan others unsecured |
1.474 |
12.074 |
|
Loans directors unsecured |
1.279 |
0.020 |
|
Loans taken for vehicle unsecured |
7.000 |
5.202 |
|
TOTAL
|
9.753 |
17.296 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U33301WB1996PTC079266 |
|
Name of the
company |
Surya Business Private
Limited |
|
Address of the
registered office or of the principal place of business in |
Mercantile
Building, Block – C, 1st Floor, 9-A, Lal Bazar Street, Kolkata –
700001, West Bengal, India |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Citi Bank N.A. Kanak Building,
41 Chowringhee Road, Kolkata – 700071, West Bengal, India |
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum of
Entry. |
|
Date of
instrument Creating the charge |
07.02.2012 |
|
Amount secured by
the charge |
Rs.12.000
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest As per sanction
terms and as may be decided by the bank and company mutually from time to
time. Terms of
Repayment Repayable on demand,
annually renewable. Margin Borrower( Surya
Samay) shall at all times during the continuance of the security maintain a
sufficient amount to provide the margin of security as may from time to time
advised by the bank. Extent and
Operation of the charge First exclusive
charge on property located at Godown and Land at Gopalpur, B B T Road,
Maheshtala, South 24 Parganas, West Bengal for the limits granted to Surya
Samay in favour of Citibank Kolkata for the repayment of all monies in
respect of the credit facility, including outstanding balance and also all
interest, costs, charges and expenses. |
|
Short particulars
of the property charged |
Property located
at Godown and Land at Gopalpur, B B T Road, Maheshtala, South 24 Parganas,
West Bengal |
FIXED ASSETS:
· Building
· Office Equipment
· Computer
· Furniture and Fixture
· Vehicles
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 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 : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
4 |
|
--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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.