1. Summary Information
|
|
|
Country |
|
|
Company Name |
LEO
CHEMO PLAST PRIVATE LIMITED |
Principal Name 1 |
Mr. Hitesh Chandulal Mehta |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Sudhir Chandulal Mehta |
|
|
|
Registration # |
-- |
|
Street Address |
B-126, Ghatkopar Industrial Estate, L.B.S.
Marg, Ghatkopar (West),
Mumbai-400086, |
||
|
Established Date |
21.11.1994 |
SIC Code |
-- |
|
Telephone# |
91-22-25008040 / 7941 / 7242 / 67969270 |
Business Style 1 |
Importer of Chemical Products. |
|
Fax # |
91-22-25008356 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
-- |
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
Rs.10,000,000 |
Product Name 3 |
-- |
|
Shareholders |
Sudhir C. Mehta – 496000 Hitesh C. Mehta - 496000 |
Banking |
Citi
Bank |
|
Public Limited Corp. |
-- |
Business Period |
19 years |
|
IPO |
--- |
International Ins. |
- |
|
Public |
--- |
Rating |
Ba (43) |
|
Related
Company |
|||
|
Relation
-- |
Country
-- |
Company
Name |
--- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
534,156,000 |
Current Liabilities |
325,855,000 |
|
Inventories |
175,352,000 |
Long-term Liabilities |
221,359,000
|
|
Fixed Assets |
13,486,000 |
Other Liabilities |
-- |
|
Deferred Assets |
-- |
Total Liabilities |
547,214,000 |
|
Invest& other Assets |
125,000 |
Retained Earnings |
165,905,000 |
|
|
|
Net Worth |
175,905,000 |
|
Total Assets |
723,119,000 |
Total Liab. & Equity |
723,119,000 |
|
Total Assets (Previous Year) |
708,518,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
NA |
Net Profit |
28,522,000 |
|
Sales(Previous yr) |
1,359,356,000 |
Net Profit(Prev.yr) |
22,383,000 |
MIRA
INFORM REPORT
|
Report Date : |
14.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
LEO CHEMO PLAST PRIVATE LIMITED |
|
|
|
|
Registered Office : |
B-126, Ghatkopar
Industrial Estate, L.B.S. Marg, Ghatkopar (West), Mumbai-400086, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
21.11.1994 |
|
|
|
|
Com. Reg. No.: |
11-083143 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs.10.000 millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U24110MH1994PTC083143 |
|
|
|
|
TAN No.: [Tax
Deduction and Collection Account No.] |
MUML02256C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Importer of Chemical Products. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 700000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
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 : |
B-126, Ghatkopar
Industrial Estate, L.B.S. Marg, Ghatkopar (West), Mumbai-400086, |
|
Tel. No.: |
91-22-25008040 /
7941 / 7242 / 67969270 / 9271 / 9272 / 4027900 |
|
Fax No.: |
91-22-25008356 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1700 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Warehouse: |
Rehnal Village Taluka Bhiwandi, Dist Than A 8 To A 12 Mauje Compound, Mumbai 400 086, India |
|
|
|
|
Warehouse : |
A-11, Sadguru
Complex No. 1, Rehnal Village, Taluka – Bhiwandi, District Thane – 421305,
Maharashtra, India |
|
|
|
|
Branch Office 1 : |
Vyapar Bhavan,
Mumbai, |
|
Area : |
10,000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch Office 2: |
Also Located At: ·
Vadodara |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Hitesh Chandulal Mehta |
|
Designation : |
Director |
|
Address : |
B-126, Ghatkopar Industrial Estate, L.B.S. Marg, Ghatkopar
(West), Mumbai– 400 086,
Maharashtra, India |
|
Date of Birth/Age : |
14.08.1958 |
|
Date of Appointment : |
21.11.1994 |
|
DIN No.: |
00228649 |
OTHER
DIRECTORSHIP:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U24110MH1994PTC083143
|
LEO CHEMO PLAST
PRIVATE LIMITED |
Director |
21/11/1994 |
21/11/1994 |
- |
Active |
NO |
|
Name : |
Mr. Sudhir Chandulal Mehta |
|
Designation : |
Director |
|
Address : |
B-126, Ghatkopar Industrial Estate, L.B.S. Marg, Ghatkopar
(West), Mumbai – 400 086,
Maharashtra, India |
|
Date of Birth/Age : |
16.01.1967 |
|
Date of Appointment : |
21.11.1994 |
|
DIN No.: |
00228773 |
OTHER
DIRECTORSHIP:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U24110MH1994PTC083143
|
LEO CHEMO PLAST
PRIVATE LIMITED |
Director |
21/11/1994 |
21/11/1994 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Sudhir C. Mehta |
496000 |
|
Hitesh C. Mehta |
496000 |
|
Chandulal J.
Mehta |
2000 |
|
Drushti H. Mehta |
1000 |
|
Sachi H. Mehta |
1000 |
|
Zeel S. Mehta |
1000 |
|
Dhyey S. Mehta |
1000 |
|
Beena H. Mehta |
1000 |
|
Rupal S. Mehta |
1000 |
|
|
|
|
Total |
1000000 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importer of Chemical Products. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rasiklal Shah and Associates Chartered Accountants |
|
Address : |
412 Vypar Bhavan, |
|
Tel. No.: |
91-22-23485314 |
|
Fax No.: |
91-22-23485313 |
|
Pan No.: : |
AAAFR4168A |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 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 |
10.000 |
10.000 |
10.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
165.905 |
137.782 |
115.399 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
175.905 |
147.782 |
125.399 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
104.863 |
104.238 |
31.851 |
|
|
2] Unsecured Loans |
116.496 |
99.513 |
78.032 |
|
|
TOTAL BORROWING |
221.359 |
203.751 |
109.883 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
397.264 |
351.533 |
235.282 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
13.486 |
15.464 |
12.050 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.125 |
0.125 |
0.125 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
175.352
|
195.787
|
87.950
|
|
|
Sundry Debtors |
451.965
|
439.938
|
312.554
|
|
|
Cash & Bank Balances |
20.919
|
14.094
|
22.823
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
61.272
|
43.110
|
31.418
|
|
Total
Current Assets |
709.508
|
692.929 |
454.745 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
297.950
|
319.850
|
206.103
|
|
|
Other Current Liabilities |
0.000
|
0.000
|
0.000
|
|
|
Provisions |
27.905
|
37.135
|
25.535
|
|
Total
Current Liabilities |
325.855
|
356.985 |
231.638 |
|
|
Net Current Assets |
383.653
|
335.944
|
223.107
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
397.264 |
351.533 |
235.282 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
1359.356 |
1252.119 |
|
|
|
Other Income |
|
15.855 |
3.388 |
|
|
|
TOTAL (A) |
NA |
1375.211 |
1255.507 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods
Sold |
|
1234.685 |
1108.414 |
|
|
|
Administrative Expenses |
|
50.581 |
84.938 |
|
|
|
Selling Expenses |
|
43.787 |
41.507 |
|
|
|
TOTAL (B) |
NA |
1329.053 |
1234.859 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
46.158 |
20.648 |
|
|
|
|
NA |
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
10.297 |
14.765 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
35.861 |
5.883 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
1.878 |
1.863 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
43.022 |
33.983 |
4.020 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
14.500 |
11.600 |
1.805 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
28.522 |
22.383 |
2.215 |
|
|
|
|
|
|
|
|
|
Less |
PROVISION FOR
EARLIER YEAR WRITTEN OFF |
0.000 |
0.000 |
0.017 |
|
|
Add |
EXCESS PROVISION |
0.053 |
0.000 |
0.000 |
|
|
Less |
SHORT PROVISION |
0.307 |
0.000 |
0.000 |
|
|
Less |
SHORT REFUND
RECEIVED |
0.145 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT FOR THE
YEAR |
28.123 |
22.383 |
2.198 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
137.781 |
115.398 |
113.200 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
165.904 |
137.781 |
115.398 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
2.338 |
4.981 |
5.700 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
28.52 |
22.38 |
2.22 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
1.63
|
0.18 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
2.50
|
0.32 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.95
|
4.80
|
0.86 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.23
|
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Debt/Networth) |
|
1.26
|
1.38
|
0.87 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.18
|
1.94
|
1.96 |
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 |
Yes |
|
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 |
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 |
Yes |
|
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 |
NOTE: The registered office address of the company
has been shifted from A/10 Navdurga Ashish Anandraj Lane Ghatkopar(W), Mumbai 400 086, India
to present address
FORM 8
|
Corporate
identity number of the company |
U24110MH1994PTC083143 |
|
Name of the
company |
LEO CHEMO PLAST PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
B-126, Ghatkopar
Industrial Estate, L.B.S. Marg, Ghatkopar (West), Mumbai – 400 086, E-mail: prascs12@yahoo.co.in |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10085519 |
|
Type of charge |
·
Book
Debts ·
Movable
Property ·
Floating
Charge |
|
Particular of
charge holder |
Citi Bank, Trent Hose, 2nd Floor, G Block, Plot
No C60, Bandra Kurla Complex, Bandra (East), Mumbai-400 051, |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
Deed of
Modification |
|
Date of
instrument Creating the charge |
03.06.2010 |
|
Amount secured by
the charge |
Rs.70.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest to be
charged at such rate as may be determined by the Citi bank N.A. 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 Borrower
hypothecates to and in favour of the Bank on the current assets more
particularly by way of first charge (on pari passu basis with ICICI Bank
Limited and Citibank N.A.) as security for the repayment of Rs.170.000
Millions, together with all interest, liquidated damages, premia on
prepayment or on redemption, costs, charges and other expenses payable by the
Company to the Citibank N.A. |
|
Short particulars
of the property charged |
Hypothecation of
first pari passu charge on the current assets of the Company both present and
future. |
|
Date of latest
modification prior to the present modification |
18.11.2008 |
|
Particulars of
the present modification |
Citibank N.A. has
now increased the credit facilities from Rs.150.000 millions to Rs.107.000
millions |
FIXED ASSETS
- Office Premises
- Furniture and Fixtures
- Telephone Instrument
- Photo Copy Machine
- Office Equipments
- Godown
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. 53.85 |
|
|
1 |
Rs. 84.42 |
|
Euro |
1 |
Rs. 72.39 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
43 |
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.