MIRA
INFORM REPORT
|
Report Date : |
06.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHREE SHIV VIJAY PROCESSORS PRIVATE LIMITED (w.e.f.07.09.1995) |
|
|
|
|
Formerly Known
As : |
SHREE SHIV TEXPORTS PRIVATE LIMITED |
|
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|
Registered
Office : |
Plot No. 258/ 1, GIDC, Pandesara, Surat – 394221, Gujarat |
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|
Country : |
India |
|
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|
|
Financials (as
on) : |
31.03.2013 |
|
|
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|
Date of
Incorporation : |
01.12.1992 |
|
|
|
|
Com. Reg. No.: |
04-018641 |
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|
Capital
Investment / Paid-up Capital : |
Rs. 15.750 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17119GJ1992PTC018641 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTS00196A / SRTS00260B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCS3839B |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in Processing Job Work of Dyeing and
Printing of Art Silk Cloth. |
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|
|
|
No. of Employees
: |
Information declined by the management. |
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 106600 |
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|
|
Status : |
Moderate |
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|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The company has recorded a decent profit during 2013, with the help of
which the management is gradually wiping off its accumulated losses. However, trade relations are
fair. Business is active. Payment terms are reported as slow but correct. 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.
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.
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
MANAGEMENT NON-COOPERATIVE
[CONTACT NO.: 91-261-2890234]
LOCATIONS
|
Registered Office : |
Plot No. 258/ 1, GIDC, Pandesara, Surat – 394221, Gujarat, India |
|
Tel. No.: |
91-261-2890234 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Dayakishan Rameshwardas Agrawal |
|
Designation : |
Director |
|
Address : |
Bunglow No. 15-16, Chankyapuri Cooperative Housing Society, Near
Naher, Bhatar Road, Surat – 395001, Gujarat, India |
|
Date of Birth/Age : |
18.12.1953 |
|
Date of Appointment : |
06.10.1993 |
|
DIN No.: |
00103434 |
|
|
|
|
Name : |
Mr. Prem Kumar Jain |
|
Designation : |
Director |
|
Address : |
301, Brijkutir Apartment, Brijwasi Estate, Near Hotel Gateway Inn,
Opposite Umrigar School, Surat – 395007, Gujarat, India |
|
Date of Birth/Age : |
25.08.1960 |
|
Date of Appointment : |
04.03.1999 |
|
DIN No.: |
01730900 |
|
|
|
|
Name : |
Mr. Virbhan Phoolchand Bansal |
|
Designation : |
Director |
|
Address : |
Shop No.2232, New Textile Market, Ring Road, Surat – 395002, Gujarat,
India |
|
Date of Birth/Age : |
15.01.1966 |
|
Date of Appointment : |
04.03.1999 |
|
DIN No.: |
01520502 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Pankaj Agarwal |
|
74500 |
|
Jitesh Agarwal |
|
151700 |
|
Dayakishna & Sons |
|
14500 |
|
Naina Devi Agarwal |
|
18600 |
|
Sukhram Sharma |
|
10000 |
|
Anil Kumar Jain (HUF) |
|
40000 |
|
Punit Jain |
|
87500 |
|
Mamta Jain |
|
20000 |
|
Veerbhan Bansal |
|
227500 |
|
Manisha Agarwal |
|
40000 |
|
D.K. Agarwal |
|
416500 |
|
Prem Kumar Jain |
|
120000 |
|
Naresh Kumar Jain (HUF) |
|
60000 |
|
Prem Kumar Jain (HUF) |
|
40000 |
|
Pooja Jain |
|
10000 |
|
Anshu Agarwal |
|
15000 |
|
Swati Agarwal |
|
10000 |
|
Payal Agarwal |
|
15000 |
|
Sanajy Agarwal |
|
42500 |
|
Neha Jain |
|
20000 |
|
Pushpa Jain |
|
30000 |
|
R.D. Bansal |
|
20000 |
|
Sanajy Bansal |
|
25000 |
|
Sushila Bansal |
|
45000 |
|
Sunita Bansal |
|
10000 |
|
Natasha Agrawal |
|
11700 |
|
|
|
|
|
Total |
|
1575000 |
AS ON 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Processing Job Work of Dyeing and
Printing of Art Silk Cloth. |
PRODUCTION STATUS (AS ON 31.03.2013)
1.
Licensed Capacity: Not Applicable
2.
Installed Capacity: Not Applicable
3.
Actual Production: 14011319.10 Meters (PY 12.995
Millions) On Job work basis for others.
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
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Bankers : |
· The Karur Vysya Bank Limited, Ring Road Branch, Surat - 395002, Gujarat, India Bank of India, Gopipura Branch, Surat, Gujarat, India |
|||||||||||||||||||||
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Facilities : |
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|
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Banking
Relations : |
-- |
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|
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|
Financial Institution : |
Religare Finvest Limited |
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|
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|
Auditors : |
|
|
Name : |
Sethia and Bohra Associates Chartered Accountants |
|
Address : |
1009-10, World Trade Centre, Ring Road, Surat – 395002, Gujarat, India |
|
Tel. No.: |
91-261-2302109/ 3912109/ 6662109 |
|
Fax No.: |
91-261-2321114 |
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E-Mail : |
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|
Income-tax
PAN of auditor or auditor's firm : |
AAJFS9288B |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,600,000 |
Equity Shares |
Rs. 10/- each |
Rs. 16.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,575,000 |
Equity Shares |
Rs. 10/- each |
Rs. 15.750
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
15.750 |
15.750 |
15.750 |
|
(b) Reserves & Surplus |
10.905 |
10.643 |
10.690 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
26.655 |
26.393 |
26.440 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3.158 |
4.752 |
3.528 |
|
(b) Deferred tax liabilities (Net) |
1.696 |
1.335 |
1.139 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
4.854 |
6.087 |
4.667 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
29.955 |
30.724 |
25.810 |
|
(b)
Trade payables |
9.679 |
15.135 |
9.432 |
|
(c) Other
current liabilities |
4.757 |
2.479 |
2.121 |
|
(d) Short-term
provisions |
0.250 |
0.125 |
0.118 |
|
Total Current
Liabilities (4) |
44.641 |
48.463 |
37.481 |
|
|
|
|
|
|
TOTAL |
76.150 |
80.943 |
68.588 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
32.659 |
34.514 |
33.096 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2.390 |
2.390 |
2.390 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
3.031 |
3.573 |
3.060 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
38.080 |
40.477 |
38.546 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
7.571 |
11.091 |
1.813 |
|
(c)
Trade receivables |
23.873 |
22.923 |
24.876 |
|
(d) Cash
and cash equivalents |
2.409 |
2.056 |
0.535 |
|
(e)
Short-term loans and advances |
0.204 |
1.100 |
0.000 |
|
(f)
Other current assets |
4.013 |
3.296 |
2.818 |
|
Total
Current Assets |
38.070 |
40.466 |
30.042 |
|
|
|
|
|
|
TOTAL |
76.150 |
80.943 |
68.588 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
102.889 |
90.921 |
81.501 |
|
|
|
Other Income |
0.484 |
0.537 |
0.595 |
|
|
|
TOTAL (A) |
103.373 |
91.458 |
82.096 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
25.803 |
24.413 |
|
|
|
Changes in inventories of finished goods,
stock in trade, work in progress |
|
(0.109) |
(0.222) |
|
|
|
Employee benefit Expenses |
|
13.630 |
12.787 |
|
|
|
Transfer from revaluation reserve |
|
(0.374) |
(0.374) |
|
|
|
Other Expenses |
|
44.818 |
38.713 |
|
|
|
Extraordinary items |
|
0.137 |
0.000 |
|
|
|
TOTAL (B) |
100.079 |
83.905 |
75.317 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(Including
Financial Expenses) |
7.553 |
6.779 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
4.218 |
3.359 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.294 |
3.335 |
3.420 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.014 |
2.687 |
2.786 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.280 |
0.648 |
0.634 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.644 |
0.321 |
0.285 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.636 |
0.327 |
0.349 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
(1.649) |
(1.976) |
(2.325) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(1.013) |
(1.649) |
(1.976) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.40 |
0.21 |
0.22 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.62
|
0.82 |
0.43 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.24
|
0.71 |
0.78 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.74
|
0.82 |
0.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.02 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.24
|
1.34 |
1.11 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.85
|
0.83 |
0.80 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
Current Maturity
of Long Term Debts |
|
|
|
|
Term Loans Term Loan from
Karur Vysya Bank Limited (Secured against Hypothecation of Machinery) |
2.943 |
2.209 |
|
|
Term Loans Term Loan from
Religare Finvest Limited |
1.529 |
0.000 |
|
|
|
|
|
|
|
Total |
4.472 |
2.209 |
NA
|
|
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 |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10244721 |
06/07/2013 * |
33,700,000.00 |
THE KARUR VYSYA
BANK LIMITED |
POST BOX NO.21,
ERODE ROAD, KARUR - 639002, TAMILNADU, INDIA |
B80646664 |
|
2 |
10242647 |
04/07/2013 * |
33,700,000.00 |
THE KARUR VYSYA
BANK LIMITED |
RING ROAD BRANCH,
SURAT, SURAT - 395002, GUJARAT, |
B80646987 |
|
3 |
90095283 |
14/06/2002 |
579,927.00 |
CITICORP FINANCE
INDIA LTD. |
704; 7TH FLOOR,
SHITRODHA COMPLEX, AHMEDABAD, GUJARAT, INDIA |
- |
|
4 |
90096018 |
07/12/1998 |
465,000.00 |
BANK OF INDIA |
GOPIPURA BRANCH,
SURAT, GUJARAT, INDIA |
- |
|
5 |
90094375 |
13/02/1999 * |
600,000.00 |
BANK OF INDIA |
GOPIPURA BRANCH,
SURAT, GUJARAT, INDIA |
- |
|
6 |
90094959 |
13/10/1997 * |
600,000.00 |
BANK OF INDIA |
GOPIPURA BRANCH,
SURAT, GUJARAT - 395002, INDIA |
- |
|
7 |
90095942 |
29/06/1996 |
465,000.00 |
BANK OF INDIA |
GOPIPURA BRANCH,
SURAT, GUJARAT, INDIA |
- |
|
8 |
90094898 |
07/07/2000 * |
1,600,000.00 |
BANK OF INDIA |
GOPIPURA BRANCH,
SURAT, GUJARAT, INDIA |
- |
|
9 |
90094336 |
16/02/1996 * |
234,000.00 |
BANK OF INDIA |
GOPIPURA, SURAT,
GUJARAT, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Term Loan from Religare Finvest Limited |
1.262 |
0.000 |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and Advances from Related Parties |
12.659 |
12.361 |
|
Loans and Advances from Other Parties |
0.514 |
0.463 |
|
|
|
|
|
Total |
14.435 |
12.824 |
THE YEAR IN RETROSPECT AND FUTURE OUTLOOK:
During the year,
the company has earned processing income of Rs.102.889 Millions and company
have earned net profit after tax of Rs.0.636 Million. Also, the company has
managed to earn negligible profit. The profitability has been increased mainly
due to hard work of the directors.
The processing
segment is facing very tough competition from the embroidery units and the same
has kept check on the job rates, still the company has manages to earn profit
during the year The Company will grow much faster pace by commitment to
productivity, efficiency; control over the cost and will result in better
performance of the company and increasing reward to the shareholders of the
company in the future years.
CONTINGENT
LIABILITIES [AS ON 31.03.2013]:
a)
For Rs. 0.160 Million on account of Central Excise
case pending in Appellate Tribunal, Ahmedabad.
b)
For Rs. 0.266 Million on account of Central Excise
case pending to Commissioner of Ay peal, Surat.
c)
For Rs. 0.441 Million on account of Central Excise
case pending to Commissioner of Appeal, Surat.
d)
For Rs. 0.917 Million on account of Central Excise
case pending to Commissioner of Appeal, Surat
e)
The legal case for water charges against SMC, which
was filed jointly with Pandesara Green Environment and Water Welfare
Association, is in progress till date. However, final decision is yet pending;
f)
The company has given guarantee to extent of Rs.
1.021 Millions Gujarat Gas Company Limited. However company has provided this
bank guarantee against fixed deposit which has been shown under cash and bank
balances.
FIXED ASSETS:
· Computer
Electric
Installation
Factory
Building
Furniture
and Fixture
Land
Office
Equipments
Plant
and Machinery
Vehicle
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. 61.69 |
|
|
1 |
Rs. 101.08 |
|
Euro |
1 |
Rs. 84.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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 |
|
-- |
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.