MIRA
INFORM REPORT
|
Report Date : |
05.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
PARAMOUNT LIMITED (w.e.f
26.10.1988) |
|
|
|
|
Formerly Known
As : |
PARAMOUNT POLLUTION CONTROL LIMITED |
|
|
|
|
Registered
Office : |
Paramount Complex, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
17.12.1976 |
|
|
|
|
Com. Reg. No.: |
04-002956 |
|
|
|
|
Capital Investment/
Paid-up Capital: |
Rs.15.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74120GJ1976PLC002956 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDP00998E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP6509P |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Supplier of Water Treatment Plants. |
|
|
|
|
No. of
Employees: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1040000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Financials of 2012 and 2013 are not available with us. Mr. Samir Tuli, Director denied to provide any information. As per previous of 2011, company seems to be satisfactory. Trade relations are fair. Business is active. Payment terms are
reported to be unknown. The company can be considered for business dealing 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.
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International Finance
Corporation expects to come out with its rupee linked bonds issue before the
end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c (Rs
41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been launched
in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Cash Credit: “BBB” |
|
Rating Explanation |
Moderate credit quality and average credit risk. |
|
Date |
August, 2012 |
|
Rating Agency Name |
ICRA |
|
Rating |
Letter of Credit: “A3+” |
|
Rating Explanation |
Moderate degree of safety and very high credit risk. |
|
Date |
August, 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.
INFORMATION DECLINED BY
|
Name : |
Mr. Samir Kewalkrishna Tuli |
|
Designation : |
Director |
|
Contact No.: |
91-265-2397111 |
|
Date : |
04.12.2013 |
LOCATIONS
|
Registered Office/ Head Office : |
Paramount Complex, |
|
Tel. No.: |
91-265-2397111 (7 Lines)/ 2397112/ 113/ 114 |
|
Fax No.: |
91-265-2398251 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Regional Office: |
B-112611 Safdarjung Enclave, New Delhi - 110029, Tel. No.::
91-11-26186525 Fax No.: 91-11-26186369 E-mail : ppcldll@bol.net.in 213, Champaklal Industrial Estate, 105, Sion (East), Mumbai
- 400022, Tel. No.:: 91-22-24073108/ 24078105/
24071994 Fax No.: : 91-22-24078106 E-mail : paramountmumbai@vsnI.com "Venkata Vijayam" Apartment, Flat No. 3,2nd
Floor, 11th Tel. No.:: 91-44-24350272/ 24350273 Fax No.: 91-44-24340281 E-mail : mprparamount@vsnl.net |
|
|
|
|
Overseas Office: |
Refrigeration and Oxygen Limited, Area #1, Block #21 C, Central
Slaughter House street, Shuwaikh Industrial Area, P.O Box 501, Safat 13006,
Kuwait |
|
Tel. No.: |
00965 844844 Extension 205 to 230 |
|
Fax No.: |
00965 24843020 |
|
E-Mail : |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Sandesh Kumar Jagannath Anand |
|
Designation : |
Additional Director |
|
Address : |
A/17, Chanakyapuri, New Sama Road, Vadodara – 390008, Gujarat, India |
|
Date of Birth/Age : |
10.12.1942 |
|
Qualification: |
B.E. |
|
Date of Appointment : |
22.09.2012 |
|
DIN No.: |
00001792 |
|
|
|
|
Name : |
Mr. Kewalkrishna Gurucharandas Tuli |
|
Designation : |
Managing Director |
|
Address : |
76, Vishwas Colony, Alkapuri, Vadodara – 390005, Gujarat, India |
|
Date of Birth/Age : |
08.02.1938 |
|
Qualification: |
M. E. |
|
Date of Appointment : |
30.03.2004 |
|
DIN No.: |
00014349 |
|
|
|
|
Name : |
Mr. Anil Shreedhar Kane |
|
Designation : |
Director |
|
Address : |
A – 15, Sahyog Society, Gorwa Road, Vadodara – 390016, Gujarat, India |
|
Date of Birth/Age : |
18.10.1941 |
|
Qualification: |
B.E. |
|
Date of Appointment : |
30.09.2003 |
|
DIN No.: |
00019394 |
|
|
|
|
Name : |
Mr. Samir Kewalkrishna Tuli |
|
Designation : |
Director |
|
Address : |
7, Square Park Society, Lions Hall Club, Old Padra Road, Vadodara – 390015, Gujarat, India |
|
Date of Birth/Age : |
05.11.1965 |
|
Qualification: |
M. B. A. |
|
Date of Appointment : |
15.04.2003 |
|
DIN No.: |
00082704 |
|
|
|
|
Name : |
Mr. Shyamsunder Khedkar |
|
Designation : |
Director |
|
Address : |
Ashirwad 148, Vinayak Society, Old Padra Road, Vadodara – 390020, Gujarat, India |
|
Date of Birth/Age : |
24.03.1938 |
|
Qualification: |
B.E. |
|
Date of Appointment : |
30.03.2004 |
|
DIN No.: |
00205355 |
|
|
|
|
Name : |
Mr. Rajat Kumar Dasgupta |
|
Designation : |
Director |
|
Address : |
1604, Eternia B wing, 16th Floor, Hiranandani Gardens, Powai, Mumbai – 400076, Maharashtra, India |
|
Date of Birth/Age : |
02.11.1936 |
|
Qualification: |
B.E. |
|
Date of Appointment : |
30.09.2003 |
|
DIN No.: |
01725758 |
|
|
|
|
Name : |
Mr. Mukul Vishwanath Dey |
|
Designation : |
Director |
|
Address : |
F-3 Yash Apartments, Gautham Nagaar, Race Course, Vadodara – 390007, Gujarat, India |
|
Date of Appointment : |
23.06.2011 |
|
DIN No.: |
03574805 |
|
|
|
|
Name : |
Mr. Upendra Manohar Bokare |
|
Designation : |
Director |
|
Address : |
A 3/26, Yogiraj Residency, Opposite Yash Complex, 30 M Wide Road, Off Gotri Road, Gotri, Vadodara - 390005, Gujarat, India |
|
Date of Birth/Age : |
15.10.1955 |
|
Date of Appointment : |
22.09.2012 |
|
DIN No.: |
05269820 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Kewal G. Tuli |
|
621100 |
|
Samir K. Tuli |
|
420800 |
|
|
|
132000 |
|
Dr. Nita Y. Mehta |
|
34000 |
|
Dr. Yatin I Mehta |
|
1050 |
|
Shivani Samir Tuli |
|
1050 |
|
Tuli Patel Investment Private Limited, |
|
290000 |
|
TOTAL |
|
1500000 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
19.33 |
|
Directors or relatives of Directors |
80.67 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Supplier of Water Treatment Plants. |
|
|
|
|
Products : |
Industrial Scrubber Water Treatment Plant
Waste Treatment Plant |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management |
|||||||||
|
|
|
|||||||||
|
Bankers : |
Indian Overseas Bank – Mehta Pole Branch, |
|||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V. Parekh and Associates Chartered Accountant |
|
Address : |
37, Hanuman Street, Fort, Mumbai – 400001, Maharashtra, India |
|
Tel. No.: |
91-22-2650264/2653555/2666219 |
|
Fax No.: |
91-22-2654370 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFV0135F |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Share |
Rs.10/- each |
Rs.60.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Share |
Rs.10/- each |
Rs.15.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
15.000 |
15.000 |
15.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
244.248 |
185.057 |
162.697 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
259.248 |
200.057 |
177.697 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
193.740 |
95.265 |
92.527 |
|
|
2] Unsecured Loans |
54.567 |
51.937 |
47.597 |
|
|
TOTAL BORROWING |
248.307 |
147.202 |
140.124 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
507.555 |
347.259 |
317.821 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
87.109 |
79.000 |
76.626 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
19.330 |
19.285 |
2.547 |
|
|
DEFERRED TAX ASSETS |
(7.544) |
(6.593) |
(5.231) |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
34.639
|
28.962
|
11.844 |
|
|
Sundry Debtors |
578.271
|
192.606
|
252.999 |
|
|
Cash & Bank Balances |
196.696
|
93.032
|
40.663 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
125.306
|
80.207
|
67.740 |
|
Total
Current Assets |
934.912
|
394.807 |
373.246 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
392.190
|
80.546
|
91.051
|
|
|
Other Current Liabilities |
93.847
|
34.438
|
25.360
|
|
|
Provisions |
40.215
|
24.256
|
12.956
|
|
Total
Current Liabilities |
526.252
|
139.240 |
129.367 |
|
|
Net Current Assets |
408.660
|
255.567 |
243.879 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
507.555 |
347.259 |
317.821 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1148.193 |
404.816 |
407.640 |
|
|
|
Other Income |
4.969 |
8.004 |
7.025 |
|
|
|
TOTAL (A) |
1153.162 |
412.820 |
414.665 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Contract Cost |
909.533 |
|
|
|
|
|
Employee Related Expenses |
55.660 |
40.351 |
|
|
|
|
Administrative selling other Expenses |
69.470 |
58.020 |
|
|
|
|
Research and development expenses |
1.837 |
1.084 |
|
|
|
|
Consumption materials changes inventories |
(5.677) |
(17.119) |
|
|
|
|
TOTAL (B) |
1030.823 |
364.930 |
369.376 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
122.339 |
47.890 |
45.289 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
18.414 |
2.102 |
12.628 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
103.925 |
45.788 |
32.661 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.873 |
9.010 |
1.888 |
|
|
|
|
|
|
|
|
|
Less |
Prior period
items before tax |
0.080 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
100.972 |
39.778 |
30.773 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
38.281 |
12.663 |
11.840 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
62.691 |
24.115 |
18.933 |
|
|
|
|
|
|
|
|
|
|
SHORT/EXCESS
PROVISION OF EARLIER YEAR |
0.000 |
0.000 |
0.097 |
|
|
|
|
|
|
|
|
|
|
Prior Period Adjustment |
0.000 |
0.000 |
0.005 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
5.057 |
2.696 |
5.426 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
35.000 |
20.000 |
20.000 |
|
|
|
Proposed Dividend |
3.000 |
1.500 |
1.500 |
|
|
|
Corporate Tax on Dividend |
0.498 |
0.254 |
0.255 |
|
|
BALANCE CARRIED
TO THE B/S |
29.250 |
5.057 |
2.696 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
|
|
16.401 |
14.424 |
|
|
|
Consultancy |
|
59.851 |
126.750 |
|
|
TOTAL EARNINGS |
126.317 |
76.252 |
141.174 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
41.85 |
16.08 |
12.62 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
5.44
|
5.84
|
4.57 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.79
|
9.83
|
7.55 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.88
|
8.40
|
6.84
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.39
|
0.20
|
0.17
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.96
|
0.74
|
0.79
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.78
|
2.84
|
2.89
|
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 |
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 |
No
|
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
- |
|
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 |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
CURRENT MATURITIES OF
LONG TERM DEBTS: NOT AVAILABLE
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10151728 |
20/03/2009 |
5,000,000.00 |
INDIAN OVERSEAS BANK |
MEHTA POLE BRANCH, BANK ROAD, NEAR MANDVI, VADODARA - 390006, GUJARAT, INDIA |
A60308111 |
|
2 |
90096946 |
22/12/2012 * |
1,431,800,000.00 |
INDIAN OVERSEAS BANK |
MEHTA POLE BRANCH, BANK ROAD, NEAR MANDVI, VADODARA - 390006, GUJARAT, INDIA |
B65483703 |
|
3 |
90102432 |
02/02/2013 * |
1,431,800,000.00 |
INDIAN OVERSEAS BANK |
MEHTA POLE BRANCH, BANK ROAD, NEAR MANDVI, VADODARA - 390006, GUJARAT, INDIA |
B68157734 |
* Date of charge modification
UNSECURED LOANS
|
Particular |
31.03.2011 (Rs.
In Millions) |
31.03.2010 (Rs.
In Millions) |
|
Loans directors unsecured |
47.019 |
46.835 |
|
Loans taken for vehicles unsecured |
3.347 |
4.229 |
|
Other debt unsecured |
4.201 |
0.873 |
|
Total |
54.567 |
51.937 |
FIXED ASSETS
· Land and Land Improvements
Office
Building
Factory
Building
Plant
and Machinery
Computer
Equipments
Other
Equipments
Furniture
Fixtures
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 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.62.33 |
|
|
1 |
Rs.102.18 |
|
Euro |
1 |
Rs.84.68 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
34 |
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.