MIRA
INFORM REPORT
|
Report Date : |
21.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
R R OOMERBHOY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
5, Soona Mahal, 2nd Floor, 143, Marine Drive, Veer Nariman
Road, Mumbai – 400 020, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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|
Date of
Incorporation : |
15.07.1992 |
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Com. Reg. No.: |
11-067695 |
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Capital
Investment / Paid-up Capital : |
Rs.20.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15140MH1992PTC067695 |
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|
|
|
Legal Form : |
Private Limited Liability Company
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|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Edible Oil, Olive Oil, Boursin
Cheese, Maille Vinegar, etc. |
|
|
|
|
No. of Employees
: |
200
(Approximately) (In Office + In Factory) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 78000 |
|
|
|
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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|
Comments : |
Subject is an
established company having moderate track record. There appears some
accumulated losses recorded by the company. The external borrowing appears to
be huge. However, trade
relations are reported to be fair. Business is active. Payments are reported
to be slow. 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
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Long Term Rating |
B+ /STABLE |
|
Rating Explanation |
High risk of default regarding timely
service of financial obligation. |
|
Date |
02.07.2012 |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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 : |
Mr. Sameer Waikar |
|
Designation : |
Account Manager |
|
Contact No.: |
91-9820055232 |
|
Date : |
18.02.2013 |
LOCATIONS
|
Registered/ Corporate Office : |
5, Soona Mahal, 2nd Floor, 143, Marine Drive, Veer Nariman
Road, Mumbai – 400 020, Maharashtra, India |
|
Tel. No.: |
91-22-66277000/ 22880919/ 22880920/ 22880921/ 66399000 |
|
Mobile No.: |
91-9820055232 (Mr. Sameer Waikar) |
|
Fax No.: |
91-22-22026929/ 2 |
|
E-Mail : |
Business: business@rropl.com Consumer: skamath@rropl.com Media: info@rropl.com |
|
Website : |
|
|
Area : |
4000 sq. ft. |
|
Location : |
Rented |
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|
Warehouse : |
Near |
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|
|
|
Factory : |
A8, Supa Parner, MIDC Taluka Parner, District Ahmednagar, |
|
Area : |
21000 sq. mtr. |
|
Location : |
Leased |
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|
|
|
Branch Office : |
3, Tel No.: 91-33-22814990,
22830570 Email: kolkata@rropl.com F14, Shopping Complex, Tel. No.: 91-11-25457304/
25457318 25 Km, NH-8, Near RDB Auto,
Tel. No.: 91-80-25433421,
25433422 Email: bangalore@rropl.com |
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|
|
|
Redistribution Centre : |
J-10 to J-14, Rajlaxmi Commercial Complex, Opposite Durgesh Park,
Village Kalher, Thane Bhiwandi Road, Thane, Maharashtra, India |
|
Tel No.: |
91-2522-276354/ 55 |
|
Fax. No.: |
91-2552-276355 |
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E-mail: |
DIRECTORS
As on 24.09.2012
|
Name : |
Mr. Riyad Rashid Oomerbhoy |
|
Designation : |
Managing Director |
|
Address : |
7, |
|
Date of Birth/Age : |
25.08.1969 |
|
Qualification : |
B.B.A |
|
Date of Appointment : |
15.07.1992 |
|
DIN No.: |
00270174 |
|
|
|
|
Name : |
Mr. Rashid Sattar Oomerbhoy |
|
Designation : |
Director |
|
Address : |
7, |
|
Date of Birth/Age : |
18.03.1942 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
15.07.1992 |
|
DIN No.: |
00270026 |
|
|
|
|
Name : |
Ms. Roohi Rashid Oomerhoy |
|
Designation : |
Director |
|
Address : |
7, |
|
Date of Birth/Age : |
01.11.1966 |
|
Qualification : |
B.A |
|
Date of Appointment : |
15.07.1992 |
|
DIN No.: |
00270107 |
KEY EXECUTIVES
|
Name : |
Mr. Sameer Waikar |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 24.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Riyad Rashid Oomerbhoy |
|
1299133 |
|
Roohi Rashid Oomerbhoy |
|
699533 |
|
Rashid Sattar Oomerbhoy |
|
1334 |
|
Total |
|
2000000 |
As on 24.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Edible Oil, Olive Oil, Boursin
Cheese, Maille Vinegar, etc. |
|
|
|
|
Products : |
·
Barilla Pasta ·
Boursin Cheese ·
Maille Vinegar ·
Mustard Oil ·
Olive Oil ·
Refined Groundnut Oil ·
Risotto ·
Sauces ·
Sesame Oil ·
Sunflower Oil |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
European
Countries |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Licensed
Capacity |
|
Refined Oil |
50 tpd |
|
|
|
|
Particulars |
Unit |
Actual
Production |
|
Refined Ground Nut Oil |
In Ltrs. |
3321424 |
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GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
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No. of Employees : |
200
(Approximately) (In Office + In Factory) |
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Bankers : |
·
Union
Bank of India, Mumbai Samachar Marg Branch, 66/80, Mumbai Samachar Marg, Fort,
Mumbai – 400 023, Maharashtra, India Contact No.: 91-22-22629300 ·
Standard
Chartered Bank, Fort Branch · ICICI Bank Limited · Union Bank of India, Kolkata, West Bengal, India |
|||||||||||||||||||||
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Facilities : |
Notes: TERM LOAN A. Loan from Union
Bank of India Loan from Union Bank of India is secured by way of Equitable Mortgage of Factory Land and Building at Supa MIDC and hypothecation of Plant and Machinery acquired out of term loan. The same is partly disbursed as on 31st March, 2012 and is repayable in 48 installments of Rs.0.557 Million each. Interest @ 13.15 % is applicable on the said loan. B. Loan from HDFC
Bank Loan from HDFC Bank is secured by way of charge created by mortgage of Companies BMW Car. The said loan is fully repaid by the company by payment of last installment in month of February, 2012. C. Loan from Kotak
Mahindra Bank Loan from Kotak Mahindra Bank is secured by way of exclusive charge created by mortgage of Companies Audi Car. The loan as at 31st March, 2012 is repayable in 16 installments of Rs.1.015 Millions each. Loan from Kotak Mahindra Bank is secured by way of exclusive charge created by mortgage of Companies Mercedes Car. The loan as at 31st March, 2012 is repayable in 9 installments of Rs.0.195 Million each. Loan from Kotak Mahindra Bank is secured by way of exclusive charge created by mortgage of Companies Skoda Car. The loan as at 31st March, 2012 is repayable in 21 installments of Rs.0.037 Million each. D Loan from Union
Bank of India - Kolkata Loan from Union Bank of India is secured by way of charge created by mortgage of Companies Swift Car. The said loan is fully repaid by the company by payment of last installment in month of May, 2011. E. Loan from Union
Bank of India Working Capital loans from Union Bank are secured by hypothecation on present and future stocks. i.e., Raw Materials, Stock in process and Finished goods and receivables. |
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Banking
Relations : |
-- |
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||
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Financial institutions: |
Fiat Sundaram Auto Finance Limited, |
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||
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Auditors : |
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||
|
Name : |
Rajiv Mehta and Company Chartered Accountants |
||
|
Address : |
127, Hind Rajasthan Building, 95, Dadasaheb Phalke Road, Near Dadar Railway Station (C.R.), Mumbai – 400 014, Maharashtra, India |
||
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Tel. No.: |
91-22-24101051/ 24101061 |
||
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Fax No.: |
91-22-24101061 |
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E-Mail : |
|||
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Income-tax
PAN of auditor or auditor's firm : |
AFVPM4285P |
||
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
20.000 |
20.000 |
20.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
2.000 |
2.000 |
|
|
4] (Accumulated Losses) |
(0.504) |
(1.951) |
(0.602) |
|
|
NETWORTH |
19.496 |
20.049 |
21.398 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
120.182 |
106.933 |
121.290 |
|
|
2] Unsecured Loans |
53.017 |
30.112 |
29.979 |
|
|
TOTAL BORROWING |
173.199 |
137.045 |
151.269 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
192.695 |
157.094 |
172.667 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
53.065 |
47.968 |
46.564 |
|
|
Capital work-in-progress |
27.823 |
0.000 |
0.000 |
|
|
Goodwill on a/c on Merger |
0.000
|
1.891
|
1.891
|
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
3.554 |
3.248 |
5.006 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
89.089
|
74.407
|
84.642
|
|
|
Sundry Debtors |
37.301
|
30.075
|
34.245
|
|
|
Cash & Bank Balances |
12.925
|
17.767
|
44.918
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
50.435
|
44.041
|
28.195
|
|
Total
Current Assets |
189.750
|
166.290
|
192.000 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
50.671
|
44.601
|
49.967
|
|
|
Other Current Liabilities |
30.530
|
15.237
|
20.492
|
|
|
Provisions |
0.296
|
2.465
|
2.335
|
|
Total
Current Liabilities |
81.497
|
62.303
|
72.794 |
|
|
Net Current Assets |
108.253
|
103.987
|
119.206
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
192.695 |
157.094 |
172.667 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income (Approximately) |
720.000 |
680.000 |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
NA |
NA |
NA |
|
|
|
Administrative Expenses |
NA |
NA |
NA |
|
|
|
Advertising Expenses |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
NA |
(1.349) |
0.310 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
NA |
20.789 |
15.007 |
|
|
TOTAL EARNINGS |
NA |
20.789 |
15.007 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Finished Goods |
NA |
59.470 |
61.974 |
|
|
|
Capital Goods |
NA |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
NA |
59.470 |
61.974 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
NA |
(0.67) |
0.16 |
|
Expected Sales (2012-2013): Rs.920.000 Millions
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Debt Equity Ratio (Total Debt/Networth) |
|
8.88 |
6.84 |
7.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.33 |
2.67
|
2.64
|
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
|
PARTICULARS |
|
|
31.03.2012 (Rs. In Millions) |
|
TRADE PAYABLES |
|
|
|
|
-Due to Small and Micro Enterprises |
|
|
0.000 |
|
-Other than Micro and Small Enterprises |
|
|
34.665 |
|
|
|
|
|
|
OTHERS |
|
|
|
|
-Due to Small and Micro Enterprises |
|
|
0.000 |
|
-Other than Micro and Small Enterprises |
|
|
16.005 |
|
-Others |
|
|
0.000 |
|
Total |
|
|
50.670 |
|
PARTICULARS |
|
31.03.2011 (Rs. In Millions) |
31.03.2010 (Rs. In Millions) |
|
Sundry Creditors |
|
|
|
|
- Sundry
Creditors for Goods |
|
18.099 |
26.799 |
|
- Sundry
Creditors for Expenses |
|
26.502 |
23.168 |
|
Total |
|
44.601 |
49.967 |
|
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last two years |
Yes |
|
12] |
Profitability for last two 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] |
PAN of Proprietor/Partner/Director, if
available |
No |
|
32] |
Passport No 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 |
DETAILS OF UNSECURED LOANS
|
PARTICULARS |
31.03.2012 Rs. In Millions |
31.03.2011 Rs. In Millions |
|
|
|
|
|
Loans from Related Parties |
45.618 |
|
|
|
|
|
|
DEPOSITS |
|
|
|
- Inter Corporate Deposits |
1.361 |
|
|
- From Stockiest Deposits |
6.038 |
|
|
Total |
53.017 |
30.112 |
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U15140MH1992PTC067695 |
|
Name of the
company |
R R OOMERBHOY PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
5, Soona Mahal, 2nd Floor, 143, Marine Drive, Veer Nariman
Road, Mumbai – 400 020, Maharashtra, India E-Mail: ashfakbaig@gmail.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book Debts Movable Property
(not being pledge) |
|
Particular of
charge holder |
Union Bank of India,
Mumbai Samachar Marg Branch, 66/80, Mumbai Samachar Marg, Fort, Mumbai – 400
023, Maharashtra, India E-Mail: msmcredit@unionbankofindia.com |
|
Nature of
instrument creating charge |
Hypothecation
Agreement of Goods and Debts (SD-06) |
|
Date of
instrument Creating the charge |
26.07.2012 |
|
Amount secured by
the charge |
Rs.20.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest: Interest at the
rate of 15% per annum with monthly rests or at such other revised Rate/s as may be
prescribed by the bank from time to time. Terms of
repayment: On demand Margin: Margin: 25%
against stock and 40% against book debts. Extent and
operation of the charge: To secure an
ADHOC Cash Credit (Hypothecation) Limit of Rs.20.000 Millions granted by the
Bank to the Company. |
|
Short particulars
of the property charged (Including location of the property) |
The borrower hypothecates
by way of first charge in favour of the bank :- (1) Stock of
edible oil and food products including all raw materials, semi finished &
finished goods and movable property of any kind now or at any time hereafter
belonging to or at the disposal of the borrower and which are now stored or
being stored or which hereafter may from time to time be brought into or
stored or be in or about the borrower's premises or godown/s at MIDC, Supa
Parner, District Ahmednagar and Bhiwandi, Mumbai and at other places hired by
the borrower for the purposes of storage in the Union of India or wherever
else the same may be. (2) The
borrower's book debts, outstandings, monies, deposits, receivables, claims
and bills, contracts, securities, investments which are now due and owing or
which may at any time hereafter during the continuance of this security
becoming due and owing to the borrower in the course of its business by any
person or party including any government or any local or public body or
authority. |
Fixed assets
·
Freehold Land
·
Buildings
·
Furniture and Fixtures
·
Plant and Machinery
·
Computers
·
Electrical Equipments
·
Office Equipments
·
Motor Car
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 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] on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or investigation
registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.05 |
|
|
1 |
Rs.83.45 |
|
Euro |
1 |
Rs.72.54 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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.