|
Report Date : |
22.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
MONDIAL EXPORTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2A, Zarna Enclave, Off W. E. Highway, Kandivali (East), Mumbai –
400101, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
26.05.1994 |
|
|
|
|
Com. Reg. No.: |
11-078611 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.450
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1994PTC078611 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of CRCA Tubes, Merchant Exporter of Steel Items. |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 55000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. Profit margin of the company appears to be low in 2012. However, trade relations are reported as fair. Business is active.
Payment terms are slow but correct. The company can be considered for business dealing with sdo4em
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in agriculture,
industry and services. Dampening sentiment led to a cut-back in investment as
well as private consumption expenditure. Inflation remained at high
levels fuelled by the pressure from the food and fuel sectors. The large fiscal
and current account deficit s continued to cause grave concern. It is
imperative that India regains its growth trajectory of 8-9 % sooner than later.
This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
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
|
Name : |
Ms. Dharmi |
|
Designation : |
Marketing Manager |
|
Contact No.: |
91-22-61462300 |
|
Date : |
16.08.2013 |
LOCATIONS
|
Registered Office : |
2A, Zarna Enclave, Off W. E. Highway, Kandivali (East), Mumbai –
400101, Maharashtra, India |
|
Tel. No.: |
91-22-61462300 (30 Lines) |
|
Fax No.: |
91-22-66466572/ 28547083 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
(AS ON 30.09.2010)
|
Name : |
Mr. Rajesh Kumar Lakhanpal |
|
Designation : |
Director |
|
Address : |
2A, Zarna Enclave, Off W. E. Highway, Kandivali (East), Mumbai –
400101, Maharashtra, India |
|
Date of Appointment : |
26.05.1994 |
|
DIN No.: |
01842215 |
|
|
|
|
Name : |
Mrs. Karuna Lakhanpal |
|
Designation : |
Director |
|
Address : |
2A, Zarna Enclave, Off W. E. Highway, Kandivali (East), Mumbai –
400101, Maharashtra, India |
|
Date of Appointment : |
30.06.1994 |
|
DIN No.: |
01842201 |
KEY EXECUTIVES
|
Name : |
Ms. Dharmi |
|
Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2010)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Rajesh Kumar Lakhanpal |
|
472500 |
|
Karuna Lakhanpal |
|
472500 |
|
|
|
|
|
Total |
|
945000 |
(AS ON 28.01.2013)
|
Names of Allotted |
|
No. of Shares
Allotted |
|
|
|
|
|
Rajesh Kumar Lakhanpal |
|
55000 |
|
|
|
|
|
Total |
|
55000 |
(AS ON 31.08.2012)
|
Names of Allotted |
|
No. of Shares
Allotted |
|
|
|
|
|
Rajesh Kumar Lakhanpal |
|
1000000 |
|
Karuna Lakhanpal |
|
500000 |
|
|
|
|
|
Total |
|
1500000 |
(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 of CRCA Tubes, Merchant Exporter of Steel Items. |
|
|
|
|
Products : |
· Steel Flat Products · Galvanized Steel Coils/ Sheets · Prepainted Steel Coils/ Sheets · Aluzinc Coils in Coating of AZ 100/ AZ 150 · CR Coils/ Sheets · HR Coils and HR Sheets/ Plates · Steel Pipes, Tubes and Hollow Sections · Hollow Door/ Window Sections (L/T/Z) · Steel Long Products · MS and SS Flats/ Angles · MS and Galvanized Wires · Ms Debars and Smooth Bars · Rolled Window Sections (H/T/Z) · Wire and Wire Products |
|
|
|
|
Exports : |
|
|
Products : |
Steel Items |
|
Countries : |
· USA · Sri Lanka · African Countries |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit (30-60 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30-60 days) |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
20 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
· Indusind Bank Andheri (East), Mumbai, Maharashtra, India · State Bank of India Goregaon – East Branch, 12 Jayprakash Nagar, Goregaon (East), Mumbai –
400063, Maharashtra, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
J. C. Kabra and Associates Chartered Accountants |
|
Address : |
606, D-Definity, Opposite Anupam Talkies, 1st J P Road,
Goregaon East, Mumbai – 400063, Maharashtra, India |
|
Tel No.: |
91-22-32985475 |
|
Mobile No.: |
91-9322337842 |
|
PAN No.: |
AABFJ4149E |
|
Email : |
CAPITAL STRUCTURE
(AS ON 29.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1750000 |
Equity Shares |
Rs.10/- each |
Rs.17.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1250000 |
Equity Shares |
Rs.10/- each |
Rs.12.500
Millions |
|
|
|
|
|
(AS ON 31.03.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1250000 |
Equity Shares |
Rs.10/- each |
Rs.12.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1045000 |
Equity Shares |
Rs.10/- each |
Rs.10.450
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
10.450 |
10.450 |
|
(b) Reserves & Surplus |
|
3.372 |
2.853 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1)+(2) |
|
13.822 |
13.303 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
21.176 |
23.491 |
|
(b) Deferred tax liabilities (Net) |
|
0.190 |
0.592 |
|
(c) Other long
term liabilities |
|
4.133 |
2.396 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
25.499 |
26.479 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
0.235 |
2.024 |
|
(c)
Other current liabilities |
|
0.311 |
0.175 |
|
(d) Short-term
provisions |
|
0.390 |
0.848 |
|
Total Current
Liabilities (4) |
|
0.936 |
3.047 |
|
|
|
|
|
|
TOTAL |
|
40.257 |
42.829 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
6.498 |
7.486 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
8.000 |
8.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other
Non-current assets |
|
10.889 |
0.000 |
|
Total Non-Current
Assets |
|
25.387 |
15.486 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
1.122 |
3.553 |
|
(c)
Trade receivables |
|
1.386 |
17.413 |
|
(d) Cash
and cash equivalents |
|
3.048 |
1.441 |
|
(e)
Short-term loans and advances |
|
9.314 |
4.936 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
14.870 |
27.343 |
|
|
|
|
|
|
TOTAL |
|
40.257 |
42.829 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
9.450 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
2.010 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
11.460 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
19.303 |
|
|
2] Unsecured Loans |
|
|
2.265 |
|
|
TOTAL BORROWING |
|
|
21.568 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.545 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
33.573 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
7.298 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
2.454 |
|
|
Sundry Debtors |
|
|
14.017 |
|
|
Cash & Bank Balances |
|
|
5.482 |
|
|
Other Current Assets |
|
|
0.143 |
|
|
Loans & Advances |
|
|
22.575 |
|
Total
Current Assets |
|
|
44.671 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
6.765 |
|
|
Other Current Liabilities and Provisions |
|
|
11.631 |
|
Total
Current Liabilities |
|
|
18.396 |
|
|
Net Current Assets |
|
|
26.275 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
33.573 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL (A) |
|
112.895 |
107.517 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
|
108.806 |
103.617 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
4.089 |
3.900 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
3.364 |
2.129 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
0.725 |
1.771 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.537 |
0.478 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
0.188 |
1.293 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
(0.331) |
0.403 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
0.519 |
0.890 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
NA |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
|
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
0.50 |
-- |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
140.000 |
|
|
|
|
|
Expected Sales (2013-14): Rs.160.000 Millions
The above information has been parted by Ms. Dharmi.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.17
|
1.20 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.58
|
3.71 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.10 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.53
|
1.77 |
1.88 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
15.89
|
8.97 |
2.43 |
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 |
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
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 |
No |
FORM 8:
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10341085 |
|
Corporate
identity number of the company |
U51900MH1994PTC078611 |
|
Name of the
company |
Mondial Exports
Private Limited |
|
Address of the
registered office or of the principal place of business in |
2A, Zarna Enclave, Off W. E. Highway, Kandivali (East), Mumbai – 400101,
Maharashtra, India |
|
Type of charge |
Immovable
Property Book Debts Movable Property Floating Charge |
|
Particular of
charge holder |
Indusind Bank
Limited ACME Plaza, CTS No.32,
Opposite Sangam Talkies, Andheri-Kurla Road, Andheri (East), Mumbai – 400059,
Maharashtra, India |
|
Nature of
description of the instrument creating or modifying the charge |
Memoeandum of
Entry for Deposit of Tile Deeds |
|
Date of
instrument Creating the charge |
14.06.2013 |
|
Amount secured by
the charge |
Rs.40.000
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest Interest as may
be stipulated by the bank from time to time. Terms of
Repayment On Demand Margin As may be
stipulated by Bank from time to time Extent and
Operation of the charge The company
created an equitable mortgage by way of deposit of title deeds in respect of its immovable
properties as described under item no.15 as security for the due repayment of
Rs.40.000 Millions by the company together with all costs, commission,
interest and expenses and other charges Others Nil |
|
Short particulars
of the property charged |
Flat bearing No.A-102, CTS
No.713 on 1st floor, admg. 571.99 sq.ft in Zarna Enclave CHS Limited situated
at Village Poisar, Taluka Borivali M.S. D. Flat bearing No B-001,
Ground Floor, CTS No.713 Admeasuring 645 sq. ft. Zarna Enclave CHS Limited,
Village Poisat, Taluka Borivali M.S.D. Immovable Propewrty being
Gala No. A On Industrial Plot No.8, admeasuring 93.25 sq. mts and 33.75 sq,
mtr open space in the building known as Poonam Industrial estate, situated at
Village padhghe, Taluka Palghar, District Thane. Hypothecation of all pre4sent and future plant and machinery book debts and Stocks of the company. |
|
Date of latest
modification prior to the present modification |
-- |
|
Particulars of the
present modification |
In addition to
the existing securities of plant and machinery, Book Debts and Stock the
charges of Rs.40.000 Millions shall also now further secured against the
security of immovable properties being situated at village poisar (Borivali)
and Village Padhghe (Palghar). |
FIXED ASSETS:
· Office Premises
· Gala at Palghar
· Furniture and Fixtures
· Car
· Eicher L.C.V (Truck)
· Motor Cycle
· Cycle
· Computer
· Photocopier
· Office Equipment
· Mobile
· Copier and Printer
· Refrigerator
· Water Cooler
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.63.46 |
|
|
1 |
Rs.99.42 |
|
Euro |
1 |
Rs.85.12 |
INFORMATION DETAILS
|
Information Gathered
by : |
JML |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
|
28 |
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.