1. Summary Information
|
|
|
Country |
India |
|
Company Name |
ANSAPACK PRIVATE
LIMITED |
Principal Name 1 |
Mr. Arvind Premnath Agarwal |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Prakash Kanayalal Makhija |
|
|
|
Registration # |
11-084095 |
|
Street Address |
The Simplex Mills Compound 1st Floor, Above State Bank of
India, 30 K. K. Marg, Jacob Circle , Byculla (West), Mumbai – 400 011,
Maharashtra, India |
||
|
Established Date |
28.12.1994 |
SIC Code |
-- |
|
Telephone# |
91-22-23020260 / 23020253 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-23006409 / 23006405 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Multi Layer Lamination |
|
|
# of employees |
Not Available |
Product Name 2 |
Screen Printing Material |
|
Paid up capital |
Rs.
788,800/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate - 75.00 % Directors or
relatives of Directors - 13.00 % Other top fifty shareholders -
12.00% |
Banking |
Kotak
Mahindra Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
19 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba
(50) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates |
-- |
Aditya Agarwal Investment (Bombay) Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
350,382,000 |
Current Liabilities |
339,591,000 |
|
Inventories |
361,385,000 |
Long-term Liabilities |
470,402,000
|
|
Fixed Assets |
457,229,000 |
Other Liabilities |
34,974,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
844,967,000 |
|
Invest& other Assets |
5,481,000 |
Retained Earnings |
328,721,000 |
|
|
|
Net Worth |
329,510,000 |
|
Total Assets |
1,174,477,000 |
Total Liab. & Equity |
1,174,477,000 |
|
Total Assets (Previous Year) |
1,050,955,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
1,544,392,000 |
Net Profit |
23,397,000 |
|
Sales(Previous yr) |
1,402,125,000 |
Net Profit(Prev.yr) |
28,497,000 |
MIRA
INFORM REPORT
|
Report Date : |
26.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
ANSAPACK PRIVATE LIMITED (w.e.f. 26.02.2011) |
|
|
|
|
Formerly Known
As : |
ANSA PRINTPACK PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
30, Simplex Mills Compound,1st Floor, K K Marg, Sant Gadge
Maharaj Chowk, Mahalaxmi (East), Mumbai-400011, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
28.12.1994 |
|
|
|
|
Com. Reg. No.: |
11-084095 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.788 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21000MH1994PTC084095 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA21835C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA4849G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Multi Layer Lamination, Screen Printing Material, etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1300000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. General
financial position of the company is good. Trade relations are reported as
decent. Business is active. Payments are reported to be usually correct and
as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 / Corporate Office : |
30, Simplex Mills Compound,1st Floor, K K Marg, Sant Gadge
Maharaj Chowk, Mahalaxmi (East), Mumbai-400011, Maharashtra, India |
|
Tel. No.: |
91-22-23020260 / 23020253 |
|
Fax No.: |
91-22-23006409 / 23006405 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
|
|
|
Factory 1 : |
12, Industrial Estate, Opposite Swastik Oil Mill, Ambernath, Thane -
421501, |
|
Tel. No.: |
91-251-2684092 |
|
Area : |
25000 sq ft |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
Block No. 52m
Mouje Kunvada, Taluka-Mangrol, District |
|
Area : |
50000 sq ft |
|
Location : |
Owned |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Arvind Premnath Agarwal |
|
Designation : |
Director |
|
Address : |
6/1, Mitra Kunj, 16-A, Pedder Road, Mumbai – 400026, Maharashtra,
India |
|
Date of Birth/Age : |
06.01.1955 |
|
Qualification : |
B. Sc |
|
Date of Appointment : |
28.12.1994 |
|
DIN No. |
0391757 |
|
|
|
|
Name : |
Mr. Prakash Kanayalal Makhija |
|
Designation : |
Director |
|
Address : |
Suhas Apartment, Off. L. Jagmohandas Marg, Mumbai – 400006, |
|
Date of Birth/Age : |
08.07.1954 |
|
Qualification : |
B. Sc |
|
Date of Appointment : |
18.04.1995 |
|
DIN No. |
00152971 |
|
|
|
|
Name : |
Mr. Anil Gopal Sharma |
|
Designation : |
Director |
|
Address : |
A-7, Parekh Apartments, Raheja Towership, Malad (East), Mumbai –
400097, Maharashtra, India |
|
Date of Birth/Age : |
13.11.1958 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
15.12.2003 |
|
DIN No. |
01096010 |
|
|
|
|
Name : |
Mr. Gautam Arvind Agarwal |
|
Designation : |
Director |
|
Address : |
6/1, Mitra Kunj, 16/A, |
|
Date of Birth/Age : |
21.12.1987 |
|
Date of Appointment : |
15.06.2010 |
|
DIN No. |
03123911 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Nifty Holdings Private Limited, India |
|
13224 |
|
Emblem Holdings Private Limited, India |
|
10724 |
|
Gaiety Holdings Private Limited, India |
|
10724 |
|
Nandan S. Damani |
|
3224 |
|
Saidarshan Business Centres Private Limited, India |
|
3224 |
|
Arvind Premnath Agarwal |
|
9616 |
|
Premnath Agarwal, Karta, Premnath B Agarwal, HUF |
|
6400 |
|
Piramal Corporate Services Limited, India |
|
17803 |
|
Racha Agarwal |
|
500 |
|
Janak Agarwal |
|
380 |
|
Premdas B. Agarwal |
|
20 |
|
Aditya Agarwal Investments (Bombay) Private Limited, India |
|
724 |
|
Alpex Holdings Private Limited, India |
|
1158 |
|
Alpex Power Private Limited, India |
|
1158 |
|
VKT Ventures LLP, India |
|
1 |
|
Total |
|
78880 |
Allottees as 24.12.2012
|
Names of Allottees |
|
No. of Shares |
|
Arvind Premnath Agarwal |
|
480800 |
|
Premnath B. Agarwal |
|
1000 |
|
Nifty Holdings Private Limited, India |
|
661200 |
|
Gaiety Holdings Private Limited, India |
|
536200 |
|
Nandan S. Damani |
|
161200 |
|
Piramal Corporate Services Limited, India |
|
890150 |
|
Sai Darshan Business Centres Private Limited, India |
|
161200 |
|
Emblem Holdings Private Limited, India |
|
536200 |
|
Premnath B Agarwal, HUF |
|
320000 |
|
Rachna A. Agarwal |
|
25000 |
|
Janak Premnath Agarwal |
|
19000 |
|
Aditya Agarwal Investments (Bombay) Private Limited, India |
|
36200 |
|
Alpex Holdings Private Limited, India |
|
57900 |
|
Alpex Power Private Limited, India |
|
57900 |
|
VKT Ventures LLP, India |
|
50 |
|
Total |
|
3944000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
75.00 |
|
Directors or relatives of Directors |
13.00 |
|
Other top fifty shareholders |
12.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Multi Layer Lamination, Screen Printing Material, etc. |
||||||||||
|
|
|
||||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
· Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227, D, Nariman Point, Mumbai - 400021, Maharashtra, India · Axis Bank Limited, Credit Management Centre, Unit No.6, Corporate Park Sion Trombay Road, Chembur, Mumbai - 400071, Maharashtra, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
TATA Capital Financial Services Limited, One Forbes,, Dr. V. B. Gandhi Marg, Fort, Mumbai - 400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Vijay Rungta and Company Chartered Accountant |
|
Address : |
4/88, Nityanand Nagar, S N Marg, Opposite Railway Station, Andheri
(East), Mumbai – 400 069, |
|
Tel. No.: |
91-22-26836687 |
|
Fax No.: |
91-22-26843748 |
|
E-Mail : |
|
|
PAN.: |
AAAFV0164A |
|
|
|
|
Associates : |
· Aditya Agarwal Investment (Bombay) Private Limited · Nifty Holdings Private Limited · Gaiety Holdings Private Limited · Emblem Holdings Private Limited · Ecofriendly Corpack Private Limited ·
Ansa Decoglass Private Limited |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs. 70.000 Millions |
|
65000 |
Preferences Shares |
Rs.100/- each |
Rs. 6.500 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 76.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
78880 |
Equity Shares |
Rs.10/- each |
Rs. 0.789 Million |
|
|
|
|
|
After 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs. 70.000 Millions |
|
65000 |
Preferences Shares |
Rs.100/- each |
Rs. 6.500 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 76.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4022880 |
Equity Shares |
Rs.10/- each |
Rs. 40.229 Million |
|
|
|
|
|
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 |
0.789 |
0.644 |
6.900 |
|
|
2] Share Application Money |
0.000 |
0.145 |
0.000 |
|
|
3] Reserves & Surplus |
328.721 |
307.911 |
207.152 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
329.510 |
308.700 |
214.052 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
364.514 |
290.486 |
267.202 |
|
|
2] Unsecured Loans |
105.888 |
101.293 |
142.160 |
|
|
TOTAL BORROWING |
470.402 |
391.779 |
409.362 |
|
|
DEFERRED TAX LIABILITIES |
30.398 |
29.975 |
27.912 |
|
|
|
|
|
|
|
|
TOTAL |
830.310 |
730.454 |
651.326 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
457.229 |
354.604 |
282.144 |
|
|
Capital work-in-progress |
5.396 |
101.917 |
100.748 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.085 |
0.085 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
361.385
|
262.320
|
207.926
|
|
|
Sundry Debtors |
288.609
|
273.132
|
163.291
|
|
|
Cash & Bank Balances |
10.652
|
10.093
|
1.477
|
|
|
Other Current Assets |
0.143
|
0.115
|
0.000
|
|
|
Loans & Advances |
50.978
|
48.689
|
61.183
|
|
Total
Current Assets |
711.767
|
594.349
|
433.877 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
269.727
|
225.162
|
141.479
|
|
|
Other Current Liabilities |
69.864
|
82.315
|
0.000
|
|
|
Provisions |
4.576
|
13.024
|
23.964
|
|
Total
Current Liabilities |
344.167
|
320.501
|
165.443 |
|
|
Net Current Assets |
367.600
|
273.848
|
268.434
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
830.310 |
730.454 |
651.326 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1544.392 |
1402.125 |
839.681 |
|
|
|
Other Income |
NA |
NA |
15.475 |
|
|
|
TOTAL (A) |
NA |
NA |
855.156 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing and Other Expenses |
NA |
|
771.505 |
|
|
|
Material Consumed |
|
|
0.000 |
|
|
|
Increase or Decrease in
Stocks |
|
|
(14.709) |
|
|
|
TOTAL (B) |
NA |
NA |
756.796 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
124.266 |
130.268 |
98.360 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
61.002 |
52.684 |
38.897 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
63.264 |
77.584 |
59.463 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
29.890 |
29.602 |
25.167 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
33.374 |
47.982 |
34.296 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
9.977 |
194.850 |
9.575 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
23.397 |
28.497 |
24.721 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
107.964 |
82.592 |
60.230 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
0.237 |
0.236 |
1.500 |
|
|
|
Tax on Dividend |
0.038 |
0.039 |
0.734 |
|
|
|
Transfer to General Reserve |
2.350 |
2.850 |
0.124 |
|
|
BALANCE CARRIED
TO THE B/S |
128.736 |
107.964 |
82.593 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
296.62 |
435.30 |
480.76 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
NA |
2.89
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.16
|
3.42 |
4.08
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.85
|
5.06 |
4.79
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.16 |
0.16
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.43
|
1.27 |
1.91
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.07
|
1.85 |
2.62
|
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
OPERATIONS:
The Net Operating Revenues of the year has increased to Rs. 1544.392 millions from Rs. 1402.125 millions achieved in previous year. The production capacities of all the divisions are proposed to be increased during the current financial year. Your Directors are making efforts to further improve the performance of the Company in the current year.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
In Millions) |
|
Deposits from shareholders |
26.827 |
0.000 |
|
Loans and advances from related parties |
79.061 |
101.293 |
|
Total |
105.888 |
101.293
|
FIXED ASSETS
· Land
· Buildings
· Factory building
· Plant and equipment
· Factory equipments
· Other plant and equipment
· Vehicles
· Office equipment
· Other equipments
· Computer software
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.54.17 |
|
|
1 |
Rs.82.99 |
|
Euro |
1 |
Rs.70.62 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.