MIRA
INFORM REPORT
|
Report Date : |
11.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
JAYLON IMPEX INDIA PRIVATE LIMITED [w.e.f. 28.09.2000] |
|
|
|
|
Formerly Known
As : |
JAYLON AGENCIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Office No. 6, 2nd Floor, New Commonwealth Co-operative
Society Limited, 229, Linking Road, Bandra (West), Mumbai-400050,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
30.10.1991 |
|
|
|
|
Com. Reg. No.: |
11-063844 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.18.201
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109MH1991PTC063844 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMJ08983C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACJ9739N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader, Importer and Exporter of Yarn, Fabrics, Dry Fruits, Pulses,
etc. |
|
|
|
|
No. of Employees
: |
125 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 220000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Latest financials 2011-12 are missing from the government department. From
the available financials of 2011 it seems that the project margin of the
company appears to be low. However, networth appears to be satisfactory.
Trade relation are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitment. 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
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.
INFORMATION PARTED BY
|
Name : |
Mr. Jai Kaushik |
|
Designation : |
Director |
|
Contact No.: |
Not Divulged |
|
Date : |
08.01.2013 |
LOCATIONS
|
Registered Office : |
Office No. 6, 2nd Floor, New Commonwealth Co-operative
Society Limited, 229, Linking Road, Bandra (West), Mumbai-400050, Maharashtra,
India |
|
Tel. No.: |
91-22-26407624/26407625/26407626 |
|
Fax No.: |
91-22-26407629 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office
1 : |
Office No.6, 1st Floor, 439, Kalbadevi Road, Mumbai – 400
002, Maharashtra, India |
|
|
|
|
Corporate Office
2 : |
7005, World Trade Centre, Ring Road, Surat – 395 002, Gujarat, India |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Jai Motilal Kaushik |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Flat No. 4, Nugget Building, 18th Road, Khar,
Mumbai-400052, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.06.1951 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.10.1991 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
00706923 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Karan Jai Kaushik |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Flat No. 4, Nugget Building, 18th Road, Khar,
Mumbai-400052, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.09.1980 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.06.2001 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
00706951 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. N.K. Sharma |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Jai Motilal Kaushik |
|
48130 |
|
Pushpa Jai Kaushik |
|
13770 |
|
Ajaykumar Motilal Kaushik |
|
4990 |
|
Rajendra Prasad Sharma |
|
8500 |
|
Vinod Prasad Sharma |
|
8300 |
|
Chhajuram Motilal Kaushik |
|
8500 |
|
Mehak Jai Kaushik |
|
10100 |
|
Karan Jai Kaushik |
|
16400 |
|
Geeta Ajay Kaushik |
|
8990 |
|
Arun Madanlalji Kaushik |
|
8490 |
|
Deshbandhu Rattanlal Kaushik |
|
8490 |
|
Jai Motilal Kaushik |
|
2290 |
|
Savitri Motilal Kaushik |
|
8490 |
|
Sucheta Mehak Kaushik |
|
8200 |
|
Sweksha Karan Kaushik |
|
8400 |
|
Jai Motilal Kaushik HUF |
|
6180 |
|
Ajaykumar Motilal Kaushik |
|
3790 |
|
|
|
|
|
Total |
|
182010 |
As on 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Importer and Exporter of Yarn, Fabrics, Dry Fruits, Pulses,
etc. |
|
|
|
|
Exports : |
|
|
Products : |
Wheat, Rice and Sugar |
|
Countries : |
·
Indonesia ·
Malaysia ·
Thailand |
|
|
|
|
Imports : |
|
|
Products : |
Yarn, Dry Fruits |
|
Countries : |
·
China ·
USA ·
Indonesia |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Polysindo |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers and Retailers ·
Shri Krishna and Company |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
125 [Approximately] |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Allahabad Bank, K K Chaya Building, Pant Nagar,
Ghatkopar (East), Mumbai – 400077, Maharashtra, India ·
Indian Overseas Bank, Merchant Chambers, Ground
Floor, opposite, SNDT College, Mumbai – 400020, Maharashtra, India Email
ID : marinbr@mummrc01.iobnet.co.in
·
Oriented Bank of Commerce |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S.K. Khanna and Company Chartered Accountants |
|
Address : |
7, Sneh Sagar, Gulmohar X Road No. 12, Juhu Scheme, Mumbai-400049,
Maharashtra, India |
|
Tel. No.: |
91-22-26712296/30648653 |
|
Pan No.: |
ADIPK8613N |
CAPITAL STRUCTURE
As on 31.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
400000 |
Equity Shares |
Rs.100/- each |
Rs.40.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
182010 |
Equity Shares |
Rs.100/- each |
Rs.18.201
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 |
18.201 |
18.201 |
18.201 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
37.458 |
31.673 |
27.301 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
55.659 |
49.874 |
45.502 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
226.961 |
155.283 |
144.121 |
|
|
2] Unsecured Loans |
46.257 |
71.674 |
46.312 |
|
|
TOTAL BORROWING |
273.218 |
226.957 |
190.433 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
328.877 |
276.831 |
235.935 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
156.301 |
156.849 |
46.123 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
1.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Closing stock |
38.298
|
20.734
|
30.560 |
|
|
Sundry Debtors |
429.087
|
336.481
|
324.962 |
|
|
Cash & Bank Balances |
24.108
|
114.547
|
62.601 |
|
|
Other Current Assets |
2.101
|
28.369
|
63.562 |
|
|
Plantation Division |
31.861
|
16.688
|
95.861 |
|
|
Fixed Deposit with bank |
82.239
|
0.000
|
0.000 |
|
|
Loans and Advances |
34.112
|
|
|
|
Total
Current Assets |
641.806
|
516.819 |
577.546 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
322.590
|
227.014
|
285.442 |
|
|
Other Current Liabilities |
145.630
|
167.048
|
100.650 |
|
|
Provisions |
1.010
|
2.775
|
2.642 |
|
Total
Current Liabilities |
469.230
|
396.837 |
388.734 |
|
|
Net Current Assets |
172.576
|
119.982 |
188.812 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
328.877 |
276.831 |
235.935 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
1623.037 |
|
|
|
|
Other Income |
|
7.661 |
|
|
|
|
TOTAL (A) |
1919.813 |
1630.698 |
1681.842 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
1890.625 |
1577.118 |
1637.769 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
1890.625 |
1577.118 |
1637.769 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
29.188 |
53.580 |
44.073 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
19.957 |
46.468 |
38.536 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
9.231 |
7.112 |
5.537 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.664 |
0.600 |
0.477 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
8.567 |
6.512 |
5.060 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.782 |
2.141 |
1.915 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
5.785 |
4.371 |
3.145 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Travelling Expenses |
|
0.042 |
0.105 |
|
|
|
Bank Charges |
NA |
0.058 |
0.046 |
|
|
TOTAL EARNINGS |
|
0.100 |
0.151 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
31.78 |
24.07 |
17.86 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.30
|
0.27
|
0.19 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.45
|
0.40
|
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.07
|
0.97
|
0.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.13
|
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
8.43
|
12.51
|
12.73 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.37
|
1.30
|
1.49 |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
No |
|
12] |
Profitability for last
three years |
No |
|
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 |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
No |
|
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 |
No |
Form 8
|
Corporate
identity number of the company |
U51109MH1991PTC063844 |
|
Name of the
company |
JAYLON IMPEX
INDIA PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
Office No. 6, 2nd Floor, New Commonwealth Co-operative
Society Limited, 229, Linking Road, Bandra (West), Mumbai-400050,
Maharashtra, India Email ID : jaylon@vsnl.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
90154083 |
|
Type of charge |
·
Immovable
property ·
Book
debts ·
Movable
property (not being pledge) ·
Any
interest in immovable property |
|
Particular of
charge holder |
·
Indian Overseas Bank, Merchant Chambers, Ground
Floor, opposite, SNDT College, Mumbai – 400020, Maharashtra, India Email ID : marinbr@mummrc01.iobnet.co.in |
|
Nature of
instrument creating charge |
a) Letter of
Hypothecation dated 02.02.2012. b) Extension
Mortgage dated 02.02.2012. |
|
Date of
instrument Creating the charge |
02.02.2012 |
|
Amount secured by
the charge |
Rs. 457.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest LC : Commission -
50% of the applicable charges. Cash Credit : BR
+ 4.00% p.a. + 1% p.a. presently 15.25% p.a. (additional 1% charged for not
compliance of external rating and High
TOL/TNW ratio.) Terms of repayment Repayable on
Demand. Margin Letter of Credit
: 10% Cash Credit : 25% on Stocks : 50% on Book debts Extent and operation of the charge The charge is to
operate as security, by way of first exclusive charge, for the due repayment
of the credit facility of Rs.45.75 crores together with interests, additional
interest, costs, charges, expenses and all other moneys payable by the
Company to the Bank from time to time in terms of sanction. Other Facility Limits (Rs. In Millions) Existing Revised -------------------- ------------ ------------ Letter of
Credit 300.000 450.000 Cash Credit 7.500 7.500 ------------
------------- Total 307.500
457.500 ======= ======== |
|
Short particulars
of the property charged (Including location of the property) |
A) Hypothecation, by way of first charge, of all present and future : a) stocks of raw
material, work in process, finished goods of Dry fruits, Fabrics or any other
product stored / to be stored at the company's premises, godowns or elsewhere. b) book debts, receivables and all other
claims which are due and owing to the company from time to time. B) Extension of Mortgage on the following
immovable properties of the Company : Office No.6, 2nd
Floor, New Commonwealth Co-Operative Housing Society Ltd., 229, Linking Road,
Bandra (W), Mumbai - 50. |
|
Date of
instrument modifying the charge |
01.02.2010 |
|
Particulars of
the present modification |
The amount secured
by the charge has been enhanced from Rs.307.500 Millions to Rs.457.500
Millions as detailed below : Facility Limits (Rs. In Millions) Existing Revised -------------------- ------------ ------------ Letter of
Credit 300.000 450.000 Cash Credit 7.500 7.500 ------------
------------- Total 307.500
457.500 ======= ======== |
FIXED ASSETS:
·
Factory Land
·
Land at Fadvel -72B
·
Office Premises
·
Office Equipments
·
Motor Car
·
Motor Cycle
·
Bicycle
·
Computer Systems
·
Agricultural Equipments
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] 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.54.63 |
|
|
1 |
Rs.87.50 |
|
Euro |
1 |
Rs.71.32 |
INFORMATION DETAILS
|
Report Prepared
by : |
SPR |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
44 |
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.