1. Summary Information
|
Country |
|
||
|
Company Name |
SHREE SANT KRIPA APPLIANCES PRIVATE LIMITED |
Principal Name 1 |
Mr. Rajesh Jeevan Uttamchandani |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Govind Jeevan Uttamchandani |
|
Registration # |
25-128465 |
||
|
Street Address |
7, Akshay
Complex, Off |
||
|
Established Date |
12.05.2006 |
SIC Code |
-- |
|
Telephone# |
91-20-26122118/
40131000 |
Business Style 1 |
Distributors |
|
Fax # |
91-20-26134837 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Electronic Goods |
|
|
# of employees |
Not Available |
Product Name 2 |
Mobile Devices |
|
Paid up capital |
Rs. 209,999,990
/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate - 4.62% Directors or relatives of Directors - 95.38% |
Banking |
State Bank of
India |
|
Public Limited Corp. |
No |
Business Period |
07 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba
(45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives: |
India |
Bagh Bahar Appliances Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
2,335,974,000 |
Current Liabilities |
439,347,000 |
|
Inventories |
1,463,586,000 |
Long-term Liabilities |
2,317,601,000 |
|
Fixed Assets |
45,960,000 |
Other Liabilities |
58,383,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
2,815,331,000 |
|
Invest& other Assets |
1,000 |
Retained Earnings |
708,562,000 |
|
|
|
Net Worth |
1,030,190,000 |
|
Total Assets |
3,845,521,000 |
Total Liab. & Equity |
3,845,521,000 |
|
Total Assets (Previous Year) |
2,244,204,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
34,299,718,000 |
Net Profit |
319,953,000 |
|
Sales(Previous yr) |
21,620,823,000 |
Net Profit(Prev.yr) |
161,797,000 |
MIRA INFORM REPORT
|
Report Date : |
30.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHREE SANT KRIPA APPLIANCES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
7, Akshay Complex, Off |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
12.05.2006 |
|
|
|
|
Com. Reg. No.: |
25-128465 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 210.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109PN2006PTC128465 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNES18226F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJCS9896A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Distributors of Electronic Goods and Mobile Devices |
|
|
|
|
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 4100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
Trade relations are reported to be fair. Business is active. Payments are
reported to be usually correct and as per commitment. The company can be considered for normal business dealings at usual
trade terms and condition. |
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 |
FITCH |
|
Rating |
Long term rating: BBB |
|
Rating Explanation |
The default risk is currently low. The capacity for payment of
financial commitment is considered adequate. |
|
Date |
January, 2013 |
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 : |
7, Akshay Complex, Off Dhole Patil Road, Pune - 411 001, Maharashtra,
India |
|
Tel. No.: |
91-20-26160411 / 26160422 / 40131000 |
|
Fax No.: |
91-20-26134837 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Mumbai Office : |
Plot No. 72, Sector 19, Near APMC Market, Vashi, Navi Mumbai – 400 705, Maharashtra, India |
|
Tel. No.: |
91-22-40384900 |
|
Fax No.: |
91-22-40384999 |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Rajesh Jeevan Uttamchandani |
|
Designation : |
Director |
|
Address : |
A-6, Clover Garden, Neylore Road, Pune - 411011, Maharashtra, India |
|
Date of Birth/Age : |
08.01.1964 |
|
Qualification : |
B. E. in Mechanical Engineering |
|
Date of Appointment : |
12.05.2006 |
|
DIN No.: |
00139105 |
|
PAN No.: |
AABPU5362J |
|
|
|
|
Name : |
Mr. Govind Jeevan Uttamchandani |
|
Designation : |
Director |
|
Address : |
A-6, Clover Garden, Neylore Road, Pune – 411011, Maharashtra, India |
|
Date of Birth/Age : |
01.05.1961 |
|
Qualification : |
B. Tech Chemical Engineering, M.B.A |
|
Date of Appointment : |
12.05.2006 |
|
DIN No.: |
00139239 |
|
Pan No.: |
AABPU5180E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Rajesh Uttamchandani |
|
2354205 |
|
Govind Uttamchandani |
|
2217955 |
|
Hardevi Uttamchandani |
|
1831669 |
|
Govind Uttamchandani (HUF) |
|
3616665 |
|
Rajesh Uttamchandani (HUF) |
|
3616665 |
|
SSK Infotech Private Limited, India |
|
700000 |
|
Bagh Bahar Appliances Private Limited, India |
|
297500 |
|
Meena Uttamchandani |
|
1923205 |
|
Sunita Uttamchandani |
|
1923205 |
|
Honey Uttamchandani |
|
1260000 |
|
Gitika Uttamchandani |
|
630000 |
|
Gurumukh Uttamchandani |
|
630000 |
|
Iyotsna Uttamchandani |
|
630000 |
|
|
|
|
|
Total |
|
21631069 |
As on 21st June 2012
|
Names of Allottees |
|
No. of Shares |
|
Rajesh Uttamchandani |
|
297955 |
|
Govind Uttamchandani |
|
301705 |
|
Meena Uttamchandani |
|
15705 |
|
Sunita Uttamchandani |
|
15705 |
|
|
|
|
|
Total |
|
631070 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
4.62 |
|
Directors or relatives of Directors |
95.38 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributors of Electronic Goods and Mobile Devices |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
·
Bank of India ·
HDFC Bank ·
ABN Amro Bank ·
City Bank ·
ICICI Bank ·
Union Bank of India ·
Kotak Mahindra Bank, Veerwadi Camp Branch, Pune ·
Standard Chartered Bank, Credit Risk Control, Narain
Manzil, 23 Barakhamba, New Delhi-110001, India ·
State Bank of India, Small and Medium Enterprise
Branch, Backbay Reclamation, Nariman Point Branch, Mumbai - 400021,
Maharashtra, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kango Digambar Ganesh Chartered Accountant |
|
Address : |
Sadashiv Peth, Nikhil Pride, 4th Floor, |
|
PAN No.: |
ACDPK5223A |
|
|
|
|
Enterprises which
are owned, or have
significant influence of or are
partners with Key management personnel and their
relatives: |
(CIN: U72900PN2006PTC129119)
(CIN: U29305PN1997PTC108822)
(CIN: U51909PN2011PTC139528)
(CIN: U45204PN2008PTC132246)
(CIN: U72900PN2007PTC130711)
(CIN: U70102PN2006PTC128902) |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs. 300.000 Millions |
|
|
|
|
|
|
|
Total |
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
21631069 |
Equity Shares |
Rs.10/- each |
Rs. 216.311 Millions |
|
|
|
|
|
|
|
Total |
|
|
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs. 300.000 Millions |
|
|
|
|
|
|
|
Total |
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20999999 |
Equity Shares |
Rs.10/- each |
Rs. 210.000 Millions |
|
|
|
|
|
|
|
Total |
|
|
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 |
210.000 |
60.000 |
56.000 |
|
|
2] Share Application Money |
111.628 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
708.562 |
538.609 |
220.812 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1030.190 |
598.609 |
276.812 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2281.719 |
1245.699 |
391.312 |
|
|
2] Unsecured Loans |
35.882 |
29.837 |
19.903 |
|
|
TOTAL BORROWING |
2317.601 |
1275.536 |
411.215 |
|
|
DEFERRED TAX LIABILITIES |
3.592 |
0.891 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3351.383 |
1875.036 |
688.027 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
45.960 |
32.916 |
47.348 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
24.417 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.001 |
0.001 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1463.586
|
1198.317
|
363.610
|
|
|
Sundry Debtors |
2106.863
|
794.676
|
396.901
|
|
|
Cash & Bank Balances |
132.901
|
206.120
|
110.531
|
|
|
Other Current Assets |
96.210
|
5.433
|
7.646
|
|
|
Loans & Advances |
0.000
|
6.741
|
0.000
|
|
Total
Current Assets |
3799.560
|
2211.287 |
878.688 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
348.039
|
250.436
|
|
|
Other Current Liabilities |
439.347
|
0.000
|
0.000
|
|
|
Provisions |
54.791
|
21.129
|
11.990
|
|
Total
Current Liabilities |
494.138
|
369.168
|
262.426 |
|
|
Net Current Assets |
3305.422
|
1842.119
|
616.262
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3351.383 |
1875.036 |
688.027 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
34299.718 |
21620.823 |
12411.502 |
|
|
|
Other Income |
279.034 |
1349.796 |
1074.836 |
|
|
|
TOTAL (A) |
34578.752 |
22970.619 |
13486.338 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
22375.328 |
13190.691 |
|
|
|
Operating expenses |
|
249.622 |
178.520 |
|
|
|
TOTAL (B) |
33965.195 |
22624.950 |
13369.211 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
613.557 |
345.669 |
117.127 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
256.993 |
129.443 |
34.698 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
356.564 |
216.226 |
82.429 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.910 |
3.038 |
2.811 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
352.654 |
213.188 |
79.618 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
32.701 |
51.394 |
13.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
319.953 |
161.797 |
66.118 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
15.24 |
26.97 |
12.71 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.93
|
0.70 |
0.49 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.03
|
0.98 |
0.64 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.28
|
9.64 |
9.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34
|
0.36 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.25
|
2.13 |
1.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
7.69
|
5.99 |
3.35 |
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 |
|
Unsecured Loan |
31.03.2012 (Rs.
in Millions) |
|
Loans and advances from directors |
5.045 |
|
Rupee term loans from banks |
1.122 |
|
Rupee term loans from others |
3.869 |
|
Term loans |
25.846 |
|
Total |
35.882 |
|
Unsecured Loan |
As
on 31.03.2011 Rs.
in Millions) |
|
Rupee term loans banks unsecured |
2.215 |
|
Rupee term loans others unsecured |
18.754 |
|
Other debt unsecured |
8.868 |
|
Total |
29.837 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U32109PN2006PTC128465 |
|
Name of the
company |
SHREE SANT KRIPA
APPLIANCES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
7, Akshay Complex, Off Dhole Patil Road, Pune 411 001, Maharashtra,
India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10214468 |
|
Type of charge |
Book
debts Movable
property (not being pledge) |
|
Particular of
charge holder |
State Bank of India, Small and Medium Enterprise Branch, Backbay
Reclamation, Nariman Point Branch, Mumbai - 400021, Maharashtra, India |
|
Nature of
instrument creating charge |
Second Supplemental
Joint Deed of Hypothecation |
|
Date of
instrument Creating the charge |
22.03.2013 |
|
Amount secured by
the charge |
Rs.5000.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Pricing for
CC@2.75% above base rate, current effective rate 12.45%p.a. as applicable to
CRA rating of SB-5. Terms of
Repayment As per sanction
term Margin Cash Credit Margin Stock 25% Receivables
(cover 90days) 40% Letter of
Credit 15% Bank
Guarantee 15% Extent and
Operation of the charge To the extent of
amount borrowed. Others Banks= SBI BOB SCB BOI HDFC Allahabad
Corporation Fund Based=
1680.000 Millions 600.000 Millions 700.000 Millions 670.000 Millions 250.000
Millions 150.000 Millions 200.000
Millions Non Fund Based= 250.000
Millions 0.000 Millions 0.000 Millions
0.000 Millions 0.000 Millions 250.000
Millions 250.000
Millions Total= 1930.000
Millions 600.000 Millions 700.000
Millions 670.000 Millions 250.000
Millions 40.00cr 450.000
Millions |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
The whole current
assets, stocks of raw materials, stock in process, Semi-Finished and Finished
Goods, Stock of Trading goods stored at Godown/rented Godowns/in transit
Stored and Spares... not related to
Plant and Machinery bills receivable, actionable claims and book debts and
all other movable fixed assets, both present and future etc |
|
Date of
instrument modifying the charge |
25.06.2012 |
|
Particulars of
the present modification |
With current
modification, the limit is enhanced from Rs. 3500.000 Millions to Rs.
5000.000 Millions, this consortium financing facility is led by State Bank of
India (total limit Rs. 1930.000 Millions) and other consortium members are
Bank of Baroda (total limit Rs. 600.000 Millions), Standard Chartered Bank
(total limit Rs. 700.000 Millions), Bank of India (total limit Rs. 670.000
Millions), HDFC Bank (total limit Rs. 25.00cr), Allahabad Bank (total limit
Rs. 400.000 Millions) and Corporation Bank (total limit Rs. 450.000
Millions). |
Fixed Assets:
- Computer
- Furniture and Fixtures
- Plant and machinery
- 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 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.54.27 |
|
|
1 |
Rs.84.23 |
|
Euro |
1 |
Rs.70.90 |
INFORMATION DETAILS
|
Report Prepared
by : |
KVT |
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.