1. Summary Information
|
Country |
|
||
|
Company Name |
NIKHIL FOOTWEARS
PRIVATE LIMITED |
Principal Name 1 |
Mr. Naresh Kumar Aggarwal |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Nand Kishore Aggarwal |
|
Registration # |
55-026643 |
||
|
Street Address |
G-11, Udyog
Nagar, Main Rohtak Road, Peera Garhi, Delhi – 110041, India |
||
|
Established Date |
09.01.1987 |
SIC Code |
-- |
|
Telephone# |
91-11-25473842 / 25471684 / 25472660 / 25472557 / 25473827 / 25477685
/ 41120000 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-11-25472907 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Footwear |
|
|
# of employees |
Not Available |
Product Name 2 |
Shoe Components |
|
Paid up capital |
Rs. 4,300,000/- |
Product Name 3 |
PVC Compound |
|
Shareholders |
Directors or
relatives of Directors - 100.00 % |
Banking |
State Bank of
Bikaner and Jaipur |
|
Public Limited Corp. |
No |
Business Period |
26 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba
(45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates |
India |
Action Footwears Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,714,724,000 |
Current Liabilities |
555,225,000 |
|
Inventories |
320,861,000 |
Long-term Liabilities |
937,377,000
|
|
Fixed Assets |
200,963,000 |
Other Liabilities |
77,016,000 |
|
Deferred Assets |
702,000 |
Total Liabilities |
1,569,618,000 |
|
Invest& other Assets |
181,663,000 |
Retained Earnings |
844,995,000 |
|
|
|
Net Worth |
849,295,000 |
|
Total Assets |
2,418,913,000 |
Total Liab. & Equity |
2,418,0913,000 |
|
Total Assets (Previous Year) |
1,946,153,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
1,203,779,000 |
Net Profit |
81,466,000 |
|
Sales(Previous yr) |
973,914,000 |
Net Profit(Prev.yr) |
34,501,000 |
MIRA INFORM REPORT
|
Report Date : |
30.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
NIKHIL FOOTWEARS
PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
G-11, Udyog
Nagar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
09.01.1987 |
|
|
|
|
Com. Reg. No.: |
55-026643 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 4.300 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U19201DL1987PTC026643 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELN01310B |
|
|
|
|
PAN No.: |
AAACN0749A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of
Footwear, Shoe Components, PVC Compound, etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3400000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
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 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term rating : BB+ |
|
Rating Explanation |
Moderate risk of default |
|
Date |
25.10.2012 |
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 : |
G-11, Udyog
Nagar, |
|
Tel. No.: |
91-11-25473842 / 25471684 / 25472660 / 25472557 / 25473827 / 25477685
/ 41120000 |
|
Fax No.: |
91-11-25472907 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
98, Shahzabad Bagh Industrial Area, |
|
Tel. No.: |
91-11-25105255/ 25472557/ 55450423/ 24/ 25 |
|
Fax No.: |
91-11-23658037/ 25472907 |
|
|
|
|
Factory 2: |
Plot No.52-53, HSIIDC Industrial Estate Kundli, District Sonepat,
Haryana, India |
|
Tel. No.: |
91-11-23657248 |
|
Fax No.: |
91-11-23658037 |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Naresh Kumar Aggarwal |
|
Designation : |
Director |
|
Address : |
15/17, East Punjabi Bagh, |
|
Date of Birth/Age : |
12.09.1954 |
|
Date of Appointment : |
01.10.1996 |
|
DIN No.: |
00014342 |
|
|
|
|
Name : |
Mr. Nand Kishore Aggarwal |
|
Designation : |
Director |
|
Address : |
12/22, East Punjabi Bagh, |
|
Date of Birth/Age : |
02.12.1948 |
|
Date of Appointment : |
18.07.1989 |
|
DIN No.: |
00172520 |
|
|
|
|
Name : |
Mr. Navneet Agarwal |
|
Designation : |
Director |
|
Address : |
15/17, East Punjabai Bagh, |
|
Date of Birth/Age : |
18.09.1985 |
|
Date of Appointment : |
01.04.2009 |
|
PAN No.: |
AFZPA7314P |
|
DIN No.: |
01605026 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Mange Ram
Aggarwal |
|
1670 |
|
Subhash Chander
Aggarwal |
|
2500 |
|
Varun Aggarwal |
|
1500 |
|
Naresh Kumar
Aggarwal |
|
2500 |
|
Anil Kumar
Aggarwal |
|
2500 |
|
Nand Kishore Aggarwal |
|
3100 |
|
Urmil Aggarwal |
|
1500 |
|
Shanti Devi |
|
1500 |
|
Ajay Kumar
Aggarwal |
|
1500 |
|
Amit Aggarwal |
|
1500 |
|
Charu Aggarwal |
|
750 |
|
Nisha Aggarwal |
|
1000 |
|
Tarun Aggarwal |
|
1500 |
|
Raj Kumar Gupta |
|
1500 |
|
Vinod Kumari |
|
1500 |
|
Bimal Prasad Jain |
|
1250 |
|
Vivek Jain |
|
750 |
|
Navneet Aggarwal |
|
1500 |
|
Nikhil Aggarwal |
|
1000 |
|
Vishesh Gupta |
|
1500 |
|
Sanchit Gupta |
|
1500 |
|
Ruchi Aggarwal |
|
1000 |
|
Ankit Aggarwal |
|
1500 |
|
Sushma Aggarwal |
|
1980 |
|
Neha Aggarwal |
|
1000 |
|
Asha Devi |
|
2000 |
|
Ashi Aggarwal |
|
2000 |
|
Total |
|
43000 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
Footwear, Shoe Components, PVC Compound, etc. |
||||||||
|
|
|
||||||||
|
Products : |
|
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
Unit |
Actual
Production |
|
Footwear |
Pair |
4886975 |
|
Sole |
Pair |
381929 |
|
PVC Compound |
Kg |
37141 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
State Bank of Bikaner and Jaipur, 5-6, Community Centre, Lawrence
Road, Industrial Area, Delhi-110035, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Brijendra and Company Chartered Accountants |
|
Address : |
76, Daryaganj, New Delhi-110002, |
|
PAN.: |
AAEFB0949H |
|
|
|
|
Associates : |
CIN No.:U74899DL1994PTC058014
CIN No.:U72300DL2007PTC160025
CIN No.:U27109DL2004PTC127305
U51500DL2006PTC154092
U36912DL2007PTC169098
CIN No.:U74899DL1986PTC026083
CIN No.:U20299DL2006PTC154186
CIN No.:U74899DL1985PTC020225
CIN No.:U65923DL2007PTC166212
CIN No.:U72200DL2009PTC191751
CIN No.:U25209DL1972PTC005925
CIN No.:U74899DL2000PLC105541
CIN No.:U25200DL2010PTC207043
CIN No.:U74899DL1989PTC036999
CIN No.:U65923DL2010PTC197855
CIN No.:U28129DL1996PTC076242
|
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
43000 |
Equity Shares |
Rs.100/-
each |
Rs.4.300
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 |
4.300 |
4.300 |
4.300 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
844.995 |
763.524 |
729.023 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
849.295 |
767.824 |
733.323 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
671.474 |
373.197 |
334.856 |
|
|
2] Unsecured Loans |
265.903 |
413.315 |
38.997 |
|
|
TOTAL BORROWING |
937.377 |
786.512 |
373.853 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1786.672 |
1554.336 |
1107.176 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
200.963 |
97.325 |
85.628 |
|
|
Capital work-in-progress |
11.393 |
44.206 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INVESTMENT |
170.270 |
148.562 |
147.958 |
|
|
DEFERREX TAX ASSETS |
0.702 |
1.106 |
0.044 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
320.861
|
167.795
|
168.113
|
|
|
Sundry Debtors |
512.311 |
474.080 |
490.807 |
|
|
Cash & Bank Balances |
22.215
|
18.195
|
29.228
|
|
|
Other Current Assets |
3.870
|
2.052
|
0.000
|
|
|
Loans & Advances |
1176.328
|
992.832
|
502.712
|
|
Total
Current Assets |
2035.585
|
1654.954
|
1190.860
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
369.462
|
313.961
|
179.869
|
|
|
Other Current Liabilities |
185.763
|
52.846
|
121.090
|
|
|
Provisions |
77.016
|
25.010
|
16.355
|
|
Total
Current Liabilities |
632.241
|
391.817
|
317.314
|
|
|
Net Current Assets |
1403.344
|
1263.137
|
873.546
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1786.672 |
1554.336 |
1107.176 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1203.779 |
973.914 |
1001.398 |
|
|
|
Other Income |
40.707 |
27.298 |
30.419 |
|
|
|
TOTAL (A) |
1244.486 |
1001.212 |
1031.817 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
1012.737 |
|
934.119 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
1012.737 |
885.902 |
934.119 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
231.749 |
115.310 |
97.698 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
72.713 |
43.902 |
37.660 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
159.036 |
71.408 |
60.038 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
21.628 |
17.083 |
19.466 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
137.408 |
54.325 |
40.572 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
55.942 |
19.824 |
16.915 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
81.466 |
34.501 |
23.657 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
19.673 |
20.172 |
9.016 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
90.000 |
35.000 |
12.500 |
|
|
BALANCE CARRIED
TO THE B/S |
11.139 |
19.673 |
20.173 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1894.54 |
802.35 |
550.16 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
6.55
|
3.45 |
2.29 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
11.41
|
5.58 |
4.05
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.14
|
3.10 |
3.18
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.07 |
0.06
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.10
|
1.02 |
0.51
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.22
|
4.22 |
3.75
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
OPERATIONS
During the year, the Company have achieved Sale turnover of Rs. 1203.779 millions as against the sale turnover of Rs. 973.914 millions in the previous year and earned a net profit of Rs. 137.408 millions as against a net profit of Rs. 54.325 millions in the previous year.
UNSECURED LOAN
|
Particulars |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
In Millions) |
|
Other loans and advances |
265.903 |
413.315 |
|
Total |
265.903 |
413.315 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U19201DL1987PTC026643 |
|
Name of the company |
NIKHIL FOOTWEARS PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
G-11, Udyog Nagar, Main Rohtak Road, Peera Garhi, Delhi – 110041, India Email: info@csnitesh.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
80006019 |
|
Type of charge |
Immovable property Book debts Movable property (not being pledge) Floating charge |
|
Particular of charge holder |
State Bank of Bikaner and Jaipur, 5-6, Community Centre, Lawrence Road, Industrial Area, Delhi-110035, India Email: sbbj10335@sbbj.co.in |
|
Nature of
instrument creating charge |
Supplemental
Agreement of Hypothecation of Goods and Assets for Increase in the overall
limit for Rs. 1099.000 millions, Supplemental Agreement of Loan for Increase
in the overall limit for Rs. 1099.000 millions, Letter regarding the grant of
individual limits within the overall limit for Rs. 1099.000 millions and for
Rs. 1099.000 millions dated 03.10.2012 |
|
Date of
instrument Creating the charge |
03.10.2012 |
|
Amount secured by
the charge |
Rs. 1099.000
millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Terms of Repayment Payable on
Demand, Term Loan: As per Agreed Terms and Conditions Extent and Operation of the charge 100% Others The above is to
secure various credit facilities amounting to Rs. 1099.000 millions granted
to the company together with interest, costs, expenses and other charges etc. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
First Charge over
entire current Assets- present and future including Stocks of Raw Materials,
SIP, Finished Goods, Stores and Spares lying at the Company's factory and
other Stock points, Book Debts etc. First Charge over entire Fixed Assets of
the company including Plant and Machinery- both present and future.
Collaterally secured by EMT over Factory Land and Building at 52, 53, HSIDC
Industrial Estate, Kundli, Sonepat, Factory Land and Building at 461, EPIP,
Kundli, Sonepat and Plot no.6, Sector-17, Footwear Park, Bahadurgarh, Haryana
admeasuring 4050 sq. mtrs. |
|
Date of
instrument modifying the charge |
11.02.2012 |
|
Particulars of
the present modification |
The Charge over
Stock, Book Debts, Fixed Assets incl. Plant and Machinery and Immovable
properties situated at Factory Land and Building at 52, 53, HSIDC Industrial
Estate, Kundli, 461, EPIP, Kundli, Sonepat and Plot no.6, Sector-17, Footwear
Park, Bahadurgarh, Haryana stand enhanced from Rs. 860.800 millions to Rs.
1099.000 millions to secure various credit facilities granted to/availed by
the company. Other Terms and Conditions remain the same. |
FIXED ASSETS
- Land
- Buildings
- Residential building
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
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.54.28 |
|
|
1 |
Rs.84.23 |
|
Euro |
1 |
Rs.70.90 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.