|
Report Date : |
12.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
MAMATA HOSIERY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
122, Biradingi, Netaji Garh, Belgachia, Howrah-711108, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
01.04.2012 |
|
|
|
|
Date of
Incorporation : |
13.09.2011 |
|
|
|
|
Com. Reg. No.: |
21-167570 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.5.807 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17120WB2011PTC167570 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Hosiery Goods. |
|
|
|
|
No. of Employees
: |
10 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Recently commenced business activity |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new company which has recently commenced its
business activity as a private limited company from 1st April
2012. It was established as proprietory concern by the name “Mamata Hosiery”
during 1982 and has reconstituted as a private limited company during
September 2011. The performance capability of the proprietory concern appeared to be
satisfactory as the sales turnover has been increasing over years. However, the financial strength of the proprietory concern is
moderate. Payment terms of Mamata Hosiery was usually correct. However, the
trade relations are fair. Business is active. Payment terms of company are
unknown. It is the first year of operation of the subject as a private limited
company therefore slight caution is needed. |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Roy |
|
Designation : |
Auditor |
|
Contact No.: |
91-33-23202443 |
|
Date : |
09.01.2013 |
LOCATIONS
|
Registered Office/ Factory : |
122, Biradingi, Netaji Garh, Belgachia, Howrah-711108, West Bengal,
India |
|
Tel. No.: |
91-33-26510331 |
|
Fax No.: |
91-33-26510331 |
|
E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2012
|
Name : |
Mr. Biswanath Dineshchandra Ghosh |
|
Designation : |
Director |
|
Address : |
121, Benaras Road, Biradingi Netaji Gharh, Howrah-711108, West Bengal,
India |
|
Date of Birth/Age : |
18.10.1962 |
|
Date of Appointment : |
13.09.2011 |
|
Election Commission Identity Card No.: |
MQC4261822 |
|
Din No.: |
03609996 |
|
|
|
|
Name : |
Mrs. Mamata Biswanath Ghosh |
|
Designation : |
Director |
|
Address : |
121, Benaras Road, Biradingi Netaji Gharh, Howrah-711108, West Bengal,
India |
|
Date of Birth/Age : |
14.10.1963 |
|
Date of Appointment : |
13.09.2011 |
|
Election Commission Identity Card No.: |
MQC4261830 |
|
Din No.: |
03609943 |
|
|
|
|
Name : |
Mr. Debnath Biswanath Ghosh |
|
Designation : |
Director |
|
Address : |
121, Benaras Road, Biradingi Netaji Gharh, Howrah-711108, West Bengal,
India |
|
Date of Birth/Age : |
09.12.1989 |
|
Date of Appointment : |
18.09.2011 |
|
Election Commission Identity Card No.: |
ZTJ0867523 |
|
Din No.: |
03609958 |
KEY EXECUTIVES
|
Name : |
Mr. Roy |
|
Designation : |
Auditor |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Biswanath Dineshchandra Ghosh |
|
5000 |
|
Debnath Biswanath Ghosh |
|
5000 |
|
Mamata Biswanath Ghoshc |
|
5000 |
|
|
|
|
|
TOTAL
|
|
15000 |
AS ON 30.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Hosiery Goods. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
South Yearn Distributors ·
Mihir Textile ·
Santi Hosiery, Howrah ·
Pradeep Printers, Kolkata ·
Sanjoy Plastics, Kolkata ·
Ankita Textile, Kolkata ·
Shib Parboty Dyeing, Howrah ·
Onkar Dyeing ·
Sonali Textiles, Kolkata |
||||||||||||||
|
|
|
||||||||||||||
|
Customers : |
Wholesalers and Retailers ·
Ajitnath Hosiery ·
Arihand Hosiery ·
Suresh Dresses, Madhya Pradesh ·
Mahipal Batulal, Nagpur ·
Khajanamal Hosierty, Maharashtra ·
Bharat Hosiery, Madhya Pradesh ·
Howrah Godi ·
Gouribari Godi ·
Deepak Hosiery, Maharashtra |
||||||||||||||
|
|
|
||||||||||||||
|
No. of Employees : |
10 [Approximately] |
||||||||||||||
|
|
|
||||||||||||||
|
Bankers : |
·
Andhra Bank, Howrah, West Bengal, India A/C No.: 021113046003053 |
||||||||||||||
|
|
|
||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Roy and Associates Chartered Accountants |
|
Address : |
P-187, Kankurgachi, VIP Market, 1st Floor, Room No. 148, Scheme
VI, Kolkata-700054, West Bengal, India |
|
Tel. No.: |
91-33-23202443 |
|
Fax No.: |
91-33-23202443 |
|
E-Mail : |
|
|
PAN No: |
ABMPT5681P |
CAPITAL STRUCTURE
AS ON 01.04.2012
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs.5.807
Millions
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15000 |
Equity Shares |
Rs.10/- each
|
Rs.0.150
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
AS AT 01.04.2012 |
AS AT 31.03.2012 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
5.807 |
0.150 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
5.807 |
0.150 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
8.000 |
0.000 |
|
|
2] Unsecured Loans |
|
1.019 |
0.000 |
|
|
TOTAL BORROWING |
|
9.019 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
14.826 |
0.150 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.320 |
0.000 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
9.002 |
0.000 |
|
|
Sundry Debtors |
|
4.054 |
0.000 |
|
|
Cash & Bank Balances |
|
0.088 |
0.048 |
|
|
Other Current Assets |
|
1.460 |
0.000 |
|
|
Loans & Advances |
|
0.825 |
0.000 |
|
Total
Current Assets |
|
15.429 |
0.048 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
1.024 |
0.000 |
|
|
Other Current Liabilities |
|
0.000 |
0.000 |
|
|
Provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities |
|
1.024 |
0.000 |
|
|
Net Current Assets |
|
14.405 |
0.048 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.101 |
0.102 |
|
|
|
|
|
|
|
|
TOTAL |
|
14.826 |
0.150 |
|
PRE-OPERATIVE
EXPENSES FOR THE YEAR ENDED 31ST MARCH, 2012
Rs. in Millions
|
EXPENDITURE |
31.03.2012 |
|
Printing and
Stationery |
0.001 |
|
Telephone
Charges |
0.001 |
|
Office Expenses |
0.002 |
|
Rates and Taxes |
0.007 |
|
Conveyance
Expenses |
0.000 |
|
Auditor’s
Remunerations |
0.005 |
|
TOTAL |
0.016 |
Expected Sales (2012-13) : Rs.66.000 Millions.
The above information has been parted by Mr. Roy.
KEY RATIOS
|
PARTICULARS |
|
|
AS AT 01.04.2012 |
AS AT 31.03.2012 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
1.73 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
15.07 |
0.00 |
(PROPRIETORSHIP)
(MR. BISWANATH GHOSH)
(RS. IN
MILLIONS)
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
8.202 |
7.953 |
7.697 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
8.202 |
7.953 |
7.697 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
8.428 |
8.308 |
6.765 |
|
|
2] Unsecured Loans |
1.019 |
1.019 |
1.019 |
|
|
TOTAL BORROWING |
9.447 |
9.327 |
7.784 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
17.649 |
17.280 |
15.481 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.292 |
2.599 |
2.221 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
9.002
|
8.911 |
7.885 |
|
|
Sundry Debtors |
4.054
|
4.022 |
4.016 |
|
|
Cash & Bank Balances |
0.040
|
0.025 |
0.184 |
|
|
Other Current Assets |
1.460
|
1.460 |
1.460 |
|
|
Loans & Advances |
0.825
|
1.179 |
0.260 |
|
Total
Current Assets |
15.381
|
15.597 |
13.805 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1.024
|
0.916 |
0.545 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
1.024
|
0.916 |
0.545 |
|
|
Net Current Assets |
14.357
|
14.681 |
13.260 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
17.649 |
17.280 |
15.481 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
54.921 |
47.345 |
39.318 |
|
|
|
Other Income |
0.037 |
0.024 |
0.061 |
|
|
|
TOTAL |
54.958 |
47.369 |
39.379 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
51.373 |
43.904 |
36.949 |
|
|
|
Tour Expenses |
0.325 |
0.295 |
0.251 |
|
|
|
Conveyance |
0.087 |
0.093 |
0.087 |
|
|
|
Salary and Ex-Gratia |
0.360 |
0.339 |
0.312 |
|
|
|
Other Expenses |
1.637 |
1.737 |
1.048 |
|
|
|
TOTAL |
53.782 |
46.368 |
38.647 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.176 |
1.001 |
0.732 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.329 |
0.278 |
0.177 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
0.847 |
0.723 |
0.555 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.54
|
1.53 |
1.40 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.54
|
1.53 |
1.40 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.54
|
3.97 |
3.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.09 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.27
|
1.29 |
1.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
15.02
|
17.03 |
25.33 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
Yes |
|
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) |
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating, if available |
No |
WORKING RESULTS:
The company has incorporated on the 13th
Day of September, 2011 and yet to start commercial operations.
OPERATIONAL FORECAST:
As a matter of its incorporation as reflected
in the main object clause, the company will start commercial operations in the
next year after taking over the existing proprietorship firm Mamata Hosiery.
FIXED ASSETS:
·
Factory Building
·
Plant and Machinery
·
Furniture and Fixtures
·
Electrical Installation
·
Motor Car
·
Motor Cycle
·
Weighing Machine
·
Computer
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF STATEMENT TO
TOTAL INCOME
(PROPRIETORSHIP)
(MR. BISWANATH GHOSH)
(RS. IN
MILLIONS)
|
Particulars |
31.03.2011 |
|
|
|
|
|
|
INCOME FROM BUSINESS |
|
|
|
Profit as per profit and loss A/C |
0.723 |
|
|
Add: Book Depreciation |
0.278 |
|
|
|
1.001 |
|
|
Less: Income Tax Depreciation |
0.327 |
|
|
|
|
0.674 |
|
DEDUCTION UNDER CHAPTER VIA |
|
|
|
Under Section 80C |
|
0.038 |
|
|
|
|
|
TAXABLE INCOME |
|
0.636 |
|
|
|
|
|
Tax Liability |
|
|
|
Basic Tax |
0.061 |
|
|
Education Cess |
0.002 |
0.063 |
|
|
|
|
|
Interest Payable |
|
|
|
U/S 234 A |
0.001 |
|
|
U/S 234 B |
0.002 |
|
|
U/S 234 C |
0.001 |
|
|
|
|
0.004 |
|
|
|
|
|
|
|
0.067 |
|
|
|
|
|
Total Tax Paid |
|
0.070 |
|
|
|
|
|
EXCESS TAX REFUNDABLE |
|
0.003 |
|
Particulars |
31.03.2010 |
|
|
|
|
|
|
INCOME FROM BUSINESS |
|
|
|
Profit as per profit and loss A/C |
0.555 |
|
|
Add: Book Depreciation |
0.177 |
|
|
|
0.732 |
|
|
Less: Income Tax Depreciation |
0.188 |
0.544 |
|
|
|
|
|
DEDUCTION UNDER CHAPTER VIA |
|
|
|
Under Section 80C |
|
0.047 |
|
|
|
|
|
TAXABLE INCOME |
|
0.497 |
|
|
|
|
|
Income Tax on Taxable Income |
|
0.054 |
|
|
|
|
|
Education Cess @ 3% |
|
0.001 |
|
|
|
0.055 |
|
|
|
|
|
Total Tax Paid |
|
0.060 |
|
|
|
|
|
EXCESS TAX REFUNDABLE |
|
0.005 |
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.54.54 |
|
|
1 |
Rs.88.05 |
|
Euro |
1 |
Rs.72.29 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
36 |
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.