|
Report Date : |
26.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
VIPPY INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
28, Industrial Area, |
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|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2009 |
|
|
|
|
Date of
Incorporation : |
29.09.1973 |
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|
|
|
Com. Reg. No.: |
001225 |
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|
|
|
CIN No.: [Company Identification
No.] |
L15142MP1973PLC001225 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BPLV00877C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCV1297N |
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|
|
|
Legal Form : |
Public Limited Liability Company. The company’s Shares are listed on
stock exchange. |
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|
|
Line of Business
: |
Manufacturer and Exporter of Soya Products. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2807540 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow |
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|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track. Trade
relations are reported as fair. Business is active. Payments are reported to
be slow. The company can be considered for business dealings with some caution |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
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Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
28, Industrial Area, |
|
Tel. No.: |
91-7272-258545 / 258546 |
|
Fax No.: |
91-7272-258552 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.09.2009
|
Name : |
Mr. Rahul Mutha |
|
Designation : |
Managing Director |
|
Address : |
Manas, 41, |
|
Date of Birth/Age : |
16.09.1965 |
|
Date of Appointment : |
01.02.1992 |
|
|
|
|
Name : |
Mr. Lal Kaiser Bahadur Singh |
|
Designation : |
Director |
|
Address : |
Karan – Kunj, Civil Lines, Khairagard, Rajnandgaon – 491445 , |
|
Date of Birth/Age : |
20.07.1929 |
|
Date of Appointment : |
15.12.2000 |
|
Date of Ceasing : |
13.07.2009 |
|
|
|
|
Name : |
Mr. K.A. Savagaon |
|
Designation : |
Director |
|
Address : |
303, Aditya, Cosmos, Heritage, Ti Kuginiwadi, Thane – 4000610, |
|
Date of Birth/Age : |
15.03.1936 |
|
Date of Appointment : |
08.06.2001 |
|
|
|
|
Name : |
Mr. Sajeve Deora |
|
Designation : |
Director |
|
Address : |
EC-13, Indrapuri, |
|
Date of Birth/Age : |
27.12.1959 |
|
Date of Appointment : |
30.10.2001 |
|
|
|
|
Name : |
Mr. Praneet Muta |
|
Designation : |
Director |
|
Address : |
Manas, 41, |
|
Date of Birth/Age : |
11.09.1971 |
|
Date of Appointment : |
31.10.2007 |
|
|
|
|
Name : |
Mr. Prakash Chakrawarti |
|
Designation : |
Secretary |
|
Address : |
156 – B, Laxman Nagar, Dewas, 455001, |
|
Date of Birth/Age : |
01.07.1975 |
|
Date of Appointment : |
15.09.2005 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.06.2010
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
(A) Shareholding
of promoters and Promoter Group |
|
|
|
1. Indian |
|
|
|
Individuals / Hindu Undivided Family |
33375644 |
20.78 |
|
Bodies Corporate |
120299190 |
74.92 |
|
Sub Total (A)
(1) |
153675134 |
95.70 |
|
2. Foreign |
|
|
|
Total Shareholding
of Promoter and Promoter Group (A) |
153675134 |
95.70 |
|
|
|
|
|
(B) Public
Shareholding |
|
|
|
1. Institutions |
|
|
|
Mutual Funds / UTI |
116665 |
0.07 |
|
Financial Institutions / Banks |
1060821 |
0.66 |
|
Foreign Institutional Investors |
7800 |
-- |
|
Sub Total (B)
(1) |
1185286 |
0.74 |
|
|
|
|
|
2. Non
Institutions |
|
|
|
Bodies Corporate |
1024680 |
0.64 |
|
Individual shareholders holding nominal share capital up to Rs. 0.100
million |
3348344 |
2.09 |
|
Individual shareholders holding nominal share capital in excess of Rs.
0.100 million |
1093685 |
0.68 |
|
|
|
|
|
Any others
(Specify) |
250467 |
0.16 |
|
|
|
|
|
Non Residents/ OCBs |
249567 |
0.16 |
|
|
|
|
|
Clearing Members |
900 |
-- |
|
|
|
|
|
Sub Total |
5717176 |
3.56 |
|
|
|
|
|
Total Public
Shareholding (B) |
6902462 |
4.30 |
|
|
|
|
|
Total
(A) + (B) |
160577596 |
100.00 |
|
|
|
|
|
Shares
held by custodians and against which depository receipts have been
issued (C) |
-- |
-- |
|
|
|
|
|
Total (A) + (B) +(C) |
160577596 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Soya Products. |
|
|
|
GENERAL INFORMATION
|
Bankers : |
The United Western Bank Limited, |
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||||||||||
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Facilities : |
|
|
|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sodani and Company Chartered Accountant |
|
Address : |
Ramkrishna Coloby, Dewas Road, |
|
|
|
|
Associates/Subsidiaries : |
NIL |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000000 |
Equity Shares |
Rs.1/- each |
Rs.250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
115077596 |
Equity Shares |
Rs.1/- each |
Rs.110.577Millions |
|
|
|
|
|
Note : Out of the above 2,50,000 Equity Shares
allotted as Bonus by capitalization of General Reserves in 1986 and 11,24,067 Equity
shares allotted as bonus by capitalization of General Reserves in 1994-95.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
110.577 |
60.577 |
109.574 |
|
|
2] Share Application Money |
5.000 |
10.000 |
0.000 |
|
|
3] Reserves & Surplus |
586.308 |
553.007 |
711.981 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(575.475) |
|
|
NETWORTH |
701.885 |
623.584 |
246.080 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
73.956 |
20.759 |
433.308 |
|
|
2] Unsecured Loans |
31.000 |
390.358 |
178.920 |
|
|
TOTAL BORROWING |
104.956 |
411.117 |
612.228 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
806.841 |
1034.701 |
858.308 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
696.932 |
735.480 |
782.448 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
2.260 |
2.260 |
2.260 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
268.132
|
348.034 |
166.318 |
|
|
Sundry Debtors |
73.258
|
82.568 |
87.411 |
|
|
Cash & Bank Balances |
85.657
|
26.851 |
14.972 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
123.325
|
130.490 |
54.412 |
|
Total
Current Assets |
550.372
|
587.943 |
323.113 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
185.449
|
186.400 |
0.000 |
|
|
Other Current Liabilities |
247.189
|
104.442 |
208.878 |
|
|
Provisions |
10.085
|
0.160 |
40.635 |
|
Total
Current Liabilities |
442.723
|
290.982 |
249.513 |
|
|
Net Current Assets |
107.649
|
296.961 |
73.600 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
806.841 |
1034.701 |
858.308 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
7505.958 |
5424.116 |
4718.113 |
|
|
|
Other Income |
1.058 |
0.666 |
1.127 |
|
|
|
TOTAL (A) |
7507.016 |
5424.782 |
4719.240 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw material consumed |
6614.933 |
4856.997 |
4856.997 |
|
|
|
Purchases made for re-sale |
162.106 |
24.911 |
24.911 |
|
|
|
Consumption of stores and spare parts |
18.739 |
10.283 |
10.283 |
|
|
|
increase / decrease in finished goods, work-in- progress |
(57.426) |
(17.027) |
(17.027) |
|
|
|
Salaries, wages and bonus |
35.939 |
24.898 |
24.898 |
|
|
|
Managerial remuneration |
1.114 |
1.193 |
1.193 |
|
|
|
Payment of auditors |
0.263 |
0.270 |
0.270 |
|
|
|
Insurance expenses |
3.211 |
2.243 |
2.243 |
|
|
|
Power and fuel |
182.501 |
139.370 |
139.370 |
|
|
|
Other expenses |
417.078 |
302.005 |
302.005 |
|
|
|
TOTAL (B) |
7378.458 |
5345.143 |
5345.143 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
128.558 |
79.639 |
(625.903) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
9.381 |
19.408 |
32.844 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
119.177 |
60.231 |
21.948 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
35.418 |
33.307 |
40.614 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
83.759 |
26.924 |
18.666 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
9.925 |
0.160 |
(0.549) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
73.834 |
26.764 |
19.215 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
73.834 |
26.764 |
19.215 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.59 |
1.66 |
1.19 |
|
SUMMERISED
RESULTS
|
PARTICULARS |
|
|
31.03.2010 Full Year |
|
Sales Turnover |
|
|
7356.100 |
|
Other Income |
|
|
-- |
|
Total Income |
|
|
7356.100 |
|
Total Expenses |
|
|
7215.400 |
|
Operating Profit |
|
|
140.700 |
|
Gross Profit |
|
|
140.700 |
|
Interest |
|
|
2.900 |
|
PBDT |
|
|
137.900 |
|
Depreciation |
|
|
37.500 |
|
Depreciation on Revaluation of Assets |
|
|
-- |
|
PBT |
|
|
100.400 |
|
Tax |
|
|
6.200 |
|
Net Profit |
|
|
94.200 |
|
Prior Years Income / Expenses |
|
|
-- |
|
Earning Per Share |
|
|
5.900 |
|
Equity |
|
|
160.600 |
|
Reserves |
|
|
265.000 |
|
Face Value |
|
|
1.00 |
QUARTERLY RESULTS
|
PARTICULARS |
|
|
30.06.2010 1st
Quarter |
|
Gross sales |
|
|
1310.100 |
|
Other operating Income |
|
|
2.100 |
|
Other income |
|
|
0.000 |
|
Total expenditure |
|
|
1312.200 |
|
PBIT |
|
|
1267.600 |
|
Interest |
|
|
44.600 |
|
PBDT |
|
|
0.400 |
|
Depreciation |
|
|
44.2008.600 |
|
Tax |
|
|
6.900 |
|
Fringe Benefit Tax |
|
|
0.000 |
|
Deferred Tax |
|
|
0.000 |
|
Reported Profit After Tax |
|
|
27.700 |
|
Extra–ordinary Items |
|
|
0.000 |
|
Adjusted Profit After Extra Ordinary Item |
|
|
27.700 |
|
|
|
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
0.98
|
0.49 |
0.40 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.11
|
0.49 |
0.39 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.71
|
2.03 |
1.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11
|
0.04 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.78
|
1.17 |
3.50 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24
|
2.02 |
1.29 |
LOCAL AGENCY FURTHER INFORMATION
Business Performance
:
During the year under review, the sales and other income of the company have increased to Rs. 7507.017 millions as against Rs. 5424.782 millions in the previous year, recording a growth of 38.38%. the company’s profit after tax increased to Rs. 73.828 millions during the year ended 31.03.2009 as compared to profit of Rs. 26.760 millions during the year ended 31.03.2008.
Allotment of Shares :
During the year on receipt of the balance 90% money for conversion of 5,00,00,000 warrants, the company has allotted 5,00,00,000 equity shares of Rs. 1/- each to promoters on conversion of 5,00,00,000 warrants forming part of Issue of 15,00,00,000 convertible shares warrants allotted at Board Meeting held on 10th January, 2008 pursuant of order of Hon’ble BIFR Dated 4.10.2007 and consequently the paid up capital of the company increased upto Rs. 110.577 millions.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Name of the company |
VIPPY INDUSTRIES LIMITED |
|
Presented
By |
RAHUL MUTHA (JOINT MANAGING DIRECTOR) |
|
1) Date and description of instrument creating the change |
Deed of Agreement
dated 29.06.2004 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 2815.000
millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
The whole of
current assets of the borrower namely, stocks of raw materials, stock in
process, semifinished and finished goods and spares not relating to plant and
machinery (consumable stores and spares) bills receivables and book debts and
all other movable, both present and future whether now lying or stored in or
about or shall here in after from time to time during the continuance of
these security of these presents brought into upon or be, store or be in or
about of the borrowers factories premises and Godown’s situated at Dewas in
Madhya Pradesh the state of or wherever else the same may be held by any
party to the order or disposition of the borrower or in the course of transit
or on high seas or an order of delivery howsoever and wheresoever in the
possession of the borrower and either by way of substituted or addition. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Interest thereon
at the minimum rate of 10% (Ten Percent Per Annum) |
|
5) Name and Address and description of the person entitled to the charge. |
The United
Western Bank Limited, |
|
6) Date and brief description of instrument modifying the charge |
Document dated
29.06.2005 |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Rate of Interest
is reduced from 10% to 1% Other terms and
conditions as per the agreement. |
Notes :
1.
‘Charge’ includes
mortgage – see section 12A. A description of the instrument, that is to say, whether
trust deed, mortgage or debenture should also be given.
2.
‘Persons entitled to the
charge’ will include mortgage.
3.
amount or rate of percent
of the commission allowance or discount )if any) paid or made either directly
or indirectly by the company to any person in consideration of his subscribing
or agreeing to subscribe, whether absolutely or conditionally, or procuring or
agreeing to procure subscriptions, whether absolute or conditional, for any of
the debentures include in this return, should be given in item No.4.
UNAUDITED
FINANCIAL RESULTS FOR THE QUARTER ENDED 30.06.2010
(Rs.
In Millions)
|
Particulars |
30.06.2010 (Unaudited) |
30.06.2009 (Unaudited) |
31.03.2010 (Audited) |
|
Income |
|
|
|
|
a) Net Sales / Income from Operations |
131011.500 |
147589.300 |
734658.600 |
|
b) Other Operating Income |
208.300 |
59.500 |
954.000 |
|
Total Operating Income |
131219.800 |
147648.800 |
735612.600 |
|
Expenditure |
|
|
|
|
(a) (Increase)/decrease in Stock in Trade |
(2764.000) |
3708.700 |
6999.700 |
|
(b) Consumption of Raw Materials |
117531.300 |
131745.000 |
628870.000 |
|
(c) Purchase of traded goods |
1560.500 |
2588.000 |
47334.700 |
|
(d) Employees Cost |
1433.900 |
1055.100 |
4395.900 |
|
(e) Depreciation |
962.000 |
929.200 |
3746.400 |
|
(f) Other Expenditure |
8997.200 |
5366.400 |
33940.000 |
|
Total Expenditure |
127720.900 |
145392.400 |
725286.700 |
|
Profit / (Loss) From Operations before other Income Interest & Exceptional Items |
3498.900 |
2256.400 |
10325.900 |
|
Other Income |
0.000 |
0.000 |
0.000 |
|
Profit/(Loss) before Interest and Exceptional items |
3498.900 |
2256.400 |
10325.900 |
|
Interest |
42.000 |
0.000 |
289.200 |
|
Profit / (Loss) after interest before Exceptional items |
3456.900 |
2256.400 |
10036.700 |
|
Exceptional Items |
0.000 |
0.000 |
0.000 |
|
Profit / (Loss) From
Ordinary activities before Tax |
3456.900 |
2256.400 |
10036.700 |
|
Provision for Taxation |
689.000 |
3.000 |
619.500 |
|
Net Profit/(Loss) From Ordinary activities after Tax |
2767.900 |
2253.400 |
9417.200 |
|
Extraordinary Items |
0.000 |
0.000 |
0.000 |
|
Net Profit/(Loss) for the period |
2767.900 |
2253.400 |
9417.200 |
|
Paid Up Equity Share Capital ( Face Value of the share Rs.10/- each ) |
16057.700 |
16057.700 |
16057.700 |
|
Reserves (Excluding Revaluation Reserves) |
-- |
-- |
26502.200 |
|
Earning Per Share (EPS) (not Annualised) |
|
|
|
|
Before Extraordinary Item |
|
|
|
|
-Basic |
1.700 |
1.400 |
6.400 |
|
-Diluted |
1.700 |
1.400 |
6.400 |
|
After Extraordinary Item |
|
|
|
|
-Basic |
1.700 |
1.400 |
6.400 |
|
-Diluted |
1.700 |
1.400 |
6.400 |
|
Public Share Holding |
|
|
|
|
- Number of Shares |
6902462 |
6895762 |
6900762 |
|
- Percentage of shareholding |
4.30% |
4.29% |
4.30% |
|
Promoters and Promoter group share holding |
|
|
|
|
a) Pledged / Encumbered |
|
||
|
- Number of Shares |
Nil |
Nil |
Nil |
|
- Percentage of share (as a % of the total shareholding of promoter and promoter group) |
Nil |
Nil |
Nil |
|
- Percentage of shares(as a % of the total share capital of the company) |
Nil |
Nil |
Nil |
|
b) Non-encumbered |
|
||
|
- Number of Shares |
153675134 |
153681834 |
153676834 |
|
- Percentage of Share (as a % of the total shareholding of promoter and promoter group) |
100% |
100% |
100% |
|
- Percentage of Share (as a % of the total share capital of the company) |
95.70% |
95.71% |
95.70% |
Notes :
FIXED ASSETS:
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.54.17 |
|
|
1 |
Rs.82.99 |
|
Euro |
1 |
Rs.70.62 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
29 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.