|
Report Date : |
13.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
JCR DRILLSOL PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
PALS INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
No. 20-B, 2nd
Phase, Peenya Industrial Area, Bangalore – 560058, Karnataka |
|
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Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
14.09.1984 |
|
|
|
|
Com. Reg. No.: |
08-006370 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.17.265 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29222KA1984PTC006370 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRPO1046D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and
Exporter of DTH Button Bits Hammers, Drill Rigs and Spares and accessories (mining construction),
etc |
|
|
|
|
No. of Employees
: |
130 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 155000 |
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|
|
|
Status : |
Moderate |
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|
|
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 management
have fail to file its financial for the year 2010-2011 and 2011-2012 with the
government department. As per previous year’s, the external borrowing seems to be huge. However, business is active. Payment terms are unknown. The company can be considered for business dealings with great
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) |
|
|
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.
INFORMATION PARTED BY (General Details)
|
Name : |
Mr. Sudarshan |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9480425994 |
|
Date : |
01.04.2013 |
LOCATIONS
|
Registered Office/ Factory : |
No. 20 - B, 2nd
Phase, Peenya Industrial Area, Bangalore – 560058, Karnataka, India |
|
Tel. No.: |
91-80-28399038-39/
28390165/ 28390287 |
|
Mobile No.: |
91-9480425994 (Mr. Sudarshan) |
|
Fax No.: |
91-80-28399036 |
|
E-Mail : |
gayathri@jcrdrillsol.com |
|
Website : |
|
|
Area : |
6000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branches : |
Located At: ·
·
Bhilwara, ·
Tiruchengodu, |
DIRECTORS
(AS ON 30.09.2010)
|
Name : |
Ms. Jaya Chandra Nallareddy |
|
Designation : |
Director |
|
Address : |
1324, 7th Main, 11 ‘A’ Cross, Mahalakshmi Puram, |
|
Date of Birth/Age : |
10.05.1964 |
|
Qualification : |
B. E. Mechanical |
|
Date of Appointment : |
29.04.2003 |
|
|
|
|
Name : |
Mrs. Gayatri Nallareddy |
|
Designation : |
Director |
|
Address : |
B 1, Gayathri Block, Palace Garden Apartments, Palace Cross Road,
Bangalore – 560020, Karnataka, India |
|
Date of Birth/Age : |
22.05.1970 |
|
Qualification : |
Diploma in Computer Science |
|
Date of Appointment : |
29.04.2003 |
KEY EXECUTIVES
|
Name : |
Mr. Sudarshan |
|
Designation : |
Finance Manager |
|
E-Mail : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2010)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
N. Jay Chandra
Reddy |
|
117250 |
|
N. Gayatri Reddy |
|
17940 |
|
Madhuri N |
|
10466 |
|
N. Prabhakar
Reddy |
|
10466 |
|
K. Rajagopala
Reddy |
|
10466 |
|
Vijayalwmar |
|
6060 |
|
|
|
|
|
Total |
|
172648 |
(AS ON 30.09.2010)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter
of DTH Button Bits Hammers, Drill Rigs and Spares and accessories (mining construction), etc |
|
|
|
|
Products : |
v
DTH
Button Bits v
Hammers v
JCR
Bits v
Hard
Rock Drilling Hammers v
Drill
Bits v
Down-The-Hole
Hammers v
Water
Drill Rig Mounting v
Bits and
Jet Drill v
Bits v
Jet
Drill v
Drilling
Tools v
Mining v
Exploration
and Drilling Machinery v
Panther
Hammer v
Thunder
Hammer |
|
|
|
|
Exports : |
|
|
Products : |
v
Button
Bets v
DTH
Hammers v
Waterwell v
Drill
rings and Spares |
|
Countries : |
v
v
Srilanka v
v
v
v
USA v
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
China |
|
|
|
|
Terms : |
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|
Selling : |
Cash and Credit |
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|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
v
Eastern
Steel Corporation, Kolkata, West v
Nichani
Enterprises, v
Goel
Forgings, Mumbai, v
Musco,
Mumbai, v
Ajaxx
Engineering Private Limited v
Balaji
Wines v
Stribeck
( v
SMT
Limited v
Ispact
Ghar v
Ankit
Traders v
Eastern
Steel Corporation v
Infocom
Net Work v
Prova
B v
Ravindu
Toyota v
Muktha
Controls v
Spar
Engineering v
Innational
Quality v
Steel
Centre |
|||||||||||||||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
Retailers and End
Users v
Water
Africa, Nairoli v
R. N.
S. Enterprises, Hubli, West v
Techno
v
Ingoz
International v
Shiva
v
Radha
Engineering ( v
SMBS
Borewells v
HT
Borewells, Chitradurga v
v
Vinayaka
Hardware v
Balaji
Borewells v
v
Magavi
Borewell v
Indo
Africa Company Limited v
Joissam
( v
Rani
Fast Drillers v
RRS
Enterprises v
Suchitra
Sales Corporation v
Universal
Rig Services – Athani v
Vinayaka
Hardwares – Chuttur |
|||||||||||||||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||||||||||||||
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No. of Employees : |
130 (Approximately) |
|||||||||||||||||||||||||||||||||||||||||||||
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|
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|
Bankers : |
· Union Bank of India SSI Finance
Branch, 43/1 First Floor, Industrial Suburb, Yeswanthpur, Tumkr Road,
Bangalore – 560022, Karnataka, India · HDFC Bank · Kotak Mahindra Bank |
|||||||||||||||||||||||||||||||||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
G. Shantaram and
Associates Chartered
Accountants |
|
Address : |
No. 221, Opposite
BWSSB Office, 50th Cross, III Block, Rajajinagar, Bangalore-
560010, Karnataka, India |
|
Tel. No.: |
91-80-23304258 |
CAPITAL STRUCTURE
(AS ON 30.09.2010)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs.50.000
Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
197648 |
Equity Shares |
Rs.100/- each |
Rs.19.765 Millions |
|
|
|
|
|
(AS ON 29.09.2010)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
175000 |
Equity Shares |
Rs.100/- each |
Rs.17.500
millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
172648 |
Equity Shares |
Rs.100/- each |
Rs.17.265 millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
17.265 |
17.265 |
17.265 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
21.560 |
15.708 |
14.627 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(2.897) |
|
|
NETWORTH |
38.825 |
32.973 |
28.996 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
133.322 |
136.108 |
42.276 |
|
|
2] Unsecured Loans |
1.182 |
2.258 |
2.270 |
|
|
TOTAL BORROWING |
134.504 |
138.366 |
44.546 |
|
|
DEFERRED TAX LIABILITIES |
0.793 |
0.898 |
0.960 |
|
|
|
|
|
|
|
|
TOTAL |
174.122 |
172.237 |
74.502 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
21.942 |
22.390 |
21.872 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
97.638
|
83.429 |
51.478 |
|
|
Sundry Debtors |
85.711
|
37.222 |
19.590 |
|
|
Cash & Bank Balances |
1.692
|
16.169 |
0.217 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
34.407
|
56.966 |
7.130 |
|
Total
Current Assets |
219.448
|
193.786 |
78.415 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
66.218
|
43.240 |
25.289 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
1.050
|
0.699 |
0.496 |
|
Total
Current Liabilities |
67.268
|
43.939 |
25.785 |
|
|
Net Current Assets |
152.180
|
149.847 |
52.630 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
174.122 |
172.237 |
74.502 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
210.996 |
139.574 |
39.884 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
204.198 |
139.375 |
35.713 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
6.798 |
4.615 |
4.171 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.050 |
0.475 |
0.430 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
5.852 |
3.978 |
3.745 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
33.89 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
2.77
|
2.85 |
9.39 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.82
|
2.13 |
4.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.14 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.46
|
4.20 |
1.54 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.26
|
4.41 |
3.04 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
UNSECURED LOANS
|
Particulars |
31.03.2010 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
|
|
|
|
Parasaram Nandual
|
1.182 |
1.187 |
|
JCR Mining Equipments – Partnership Firm |
0.000 |
0.751 |
|
N Madhavi |
0.000 |
0.320 |
|
|
|
|
|
Total |
1.182 |
2.258 |
FORM 8:
|
Corporate identity number of the company |
U29222KA1984PTC006370 |
|
Name of the company |
JCR Drillsol Private Limited |
|
Address of the registered office or of the
principal place of business in |
20-D, II Phase Pennyaindustrial Area,
Bangalore – 560058, Karnataka, India |
|
This form is for |
Modification of charge |
|
Type of charge |
Book Debts Movable Property Immovable Property Floating Charge |
|
Particular of charge holder |
Union Bank of India |
|
Nature of instrument creating charge |
Composite Hypothecation Deed Memorandum of Deposit of tittle deed (Both the above pertain to the same Charge
) |
|
Date of instrument Creating the charge |
12/05/2010 |
|
Amount secured by the charge |
Rs.159.823 Millions |
|
Brief of the principal terms and
conditions and extent and operation of the charge |
Rate of Interest CC- BPLR+ 1.00% p.a., RPC. 9.25% p.a.,
Union Rent-14 % p.a., Union Miles 12.50% p.a. Margin CC-25% on paid stocks 30% on Bookdebts,
RPC-10% on paid stocks meant for Export, LC- 25% in the form of FDR/DRC. Bid
Bond 25% in the form of FDR/DRC, ILC- 25% in the form of FDR/DRC, Union Rent-
25% future rent receivables, Union Miles 15% vehicle purchased Extent and Operation of the charge The charge shall operate to the extent of
entire loan amount plus interest, cost, commission, expenses and other
charges if any thereon. Others The Overall Limit of Rs.159.823 Millions
Comprises of .CC Rs. 50.000 Millions, RPC Rs. 80.000 Millions, LG. Rs.5.000
Millions, Bidbond LG Rs. 5.000
Millions, ILC Rs.10.000 Millions, Union Rent Rs.8.623 Millions, Unionn Miles
of Rs.1.200 Millions |
|
Short particulars of the property charged |
Hypothecation of First Charge on all
tangible Movable Machineries, pant, Machinery fixtures, fittings, other installations,
cranes, furniture, computers and other accessories, Vehicles , together with
spares tools and all other articles ,movable goods and assets both present
and future and including but but
prejudice to generality of the foregoing words, all stocks of raw materials,
work in progress, semi finished goods and finished goods such as
hypothecation of drill rings, truck/tractor Mounted drilling Unit, Hammers,
tolls, steel, etc packing materials, etc. stored/installed at premises 20-B,
2nd Phase Peenya Industrial Area Bangalore etc, or wherever else and present and future Book debts, outstanding,
monies receivables, claims, bills, contracts, engagement and securities First
charge by way of eq. mortgage of
Immovable Property situated at Plot No.20/B, Peenya II Phase
Industrial Area, Situated in Sy Nos.32,33,34 of Chokkasandra Village and Sy
No.41 of Nallakadaranahally Village, Yeewanthpur Hobli, Bangalore North Tq
Measuring 8167 sq, mtrs and bounded by East by: KIADB Road West : Private Land North by: Plot No.19(A) South by Plot
No.20(A) |
|
Date of instrument modifying the charge |
27/09/2008 |
|
Particulars of the present modification |
By the above the amount secured by charge
stands revised from Rs. 127.269
Millions to Rs.159.823 Millions (All other terms and conditions remain
unchanged) |
Fixed Assets:
v
Land
v
v
Plant
and Machinery
v
Electrical
Fittings
v
Office
Equipments
v
Fire
Extinguisher
v
Wells
and Water Works
v
Computer
v
Furniture
and Fixtures
v
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.54.44 |
|
|
1 |
Rs.83.78 |
|
Euro |
1 |
Rs.71.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.