Business
information report
1. Summary Information
|
Country |
|
||
|
Company Name |
AMORPHOS
CHEMICALS PRIVATE LIMITED |
Principal Name 1 |
Kumaryoghesh Agarwal |
|
Status |
Moderate |
Principal Name 2 |
Sapna Agarwal |
|
Registration # |
55-056531 |
||
|
Street Address |
E-1/15, 2nd
Floor, Sector – 7, Rohini, |
||
|
Established Date |
20.12.1993 |
SIC Code |
-- |
|
Telephone# |
91-11-47096831,
2,3,4 |
Business Style 1 |
Trader |
|
Fax # |
91-11-47096835/ 47011659/
27296589 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Chemicals |
|
|
# of employees |
-- |
Product Name 2 |
Polyster Film |
|
Paid up capital |
Rs
.40,000,000/ |
Product Name 3 |
-- |
|
Shareholders |
Bodies Corporate –
6.12% Directors or relatives
of Directors – 93.88% |
Banking |
Standard
Chartered Bank |
|
Public Limited Corp. |
No |
Business Period |
19 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (32) |
|
Related
Company |
|||
|
Relation
-- |
Country
--- |
Company
Name |
CEO |
|
Related
Company |
Turkey |
Aljnya Enterprises |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
318,431,000 |
Current Liabilities |
196,370,000 |
|
Inventories |
58,475,000 |
Long-term Liabilities |
139,375,000
|
|
Fixed Assets |
6,955,000 |
Other Liabilities |
-- |
|
Deferred Assets |
430,000 |
Total Liabilities |
335,745,000 |
|
Invest& other Assets |
2,000,000 |
Retained Earnings |
10,546,000 |
|
|
|
Net Worth |
50,546,000 |
|
Total Assets |
386,291,000 |
Total Liab. & Equity |
386,291,000 |
|
Total Assets (Previous Year) |
557,545,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
793,208,000 |
Net Profit |
2,231,000 |
|
Sales(Previous yr) |
621,628,000 |
Net Profit(Prev.yr) |
1,297,000 |
MIRA INFORM REPORT
|
Report Date : |
23.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
AMORPHOS CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
E-1/15, 2nd Floor, Sector – 7, Rohini, Delhi – 110085,
Delhi |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
20.12.1993 |
|
|
|
|
Com. Reg. No.: |
55-056531 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.40.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1993PTC056531 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA04803B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA4938L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading of Chemicals and Polyster Film |
|
|
|
|
No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 160000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record.
Reserves appear to be insufficient. However, trade relations are reported as fair. Business is active.
Payments terms are unknown. 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.
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Fitch |
|
Rating |
B+ Long Term (Non-Monitored) |
|
Rating Explanation |
This rating indicate material credit risk (Reason for non-monitoned-due to lack of adequate
information) |
|
Date |
20.04.2012 |
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/ Corporate Office : |
E-1/15, 2nd Floor, Sector – 7, Rohini, |
|
Tel. No.: |
91-11-27296596/ 47096831/ 47096832/ 47096833/
47096834 |
|
|
91-9811224356 (Mr. Yogesh Agarwal) 91-9718575094 (Mr. Niaz Ahmad) |
|
Fax No.: |
91-11-47096835/ 47011659/ 27296589 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branches : |
DEHRADUN KOLKATA VAPI
|
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Yogesh Kumar Aggarwal |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
K 3D, Saket, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.11.1965 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
20.12.1993 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No. |
01317635 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Ms. Sapna Agarwal |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
K 3D, Saket, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.11.1966 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
16.03.2006 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No. |
00052272 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Kumar yoghesh Agarwal |
|
414950 |
|
Sapna Agarwal |
|
42200 |
|
Jai Kishan Dass Agarwal |
|
50 |
|
Aman Vaish |
|
50 |
|
Rajeev Vaish |
|
2150 |
|
Aditya Agarwal |
|
600 |
|
NDH Port Folio and Leasing Private Limited, India |
|
10000 |
|
Corporate International Financial
Services Limited, India |
|
5000 |
|
Agarwal Port Folio Services Limited, |
|
8000 |
|
NDH Securities and Finance Private Limited, |
|
7000 |
|
Total |
|
490000 |
AS ON 29.09.2012
|
Category |
Percentage |
|
Bodies Corporate |
6.12 |
|
Directors or relatives of Directors |
93.88 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading of Chemicals and Polyster Film |
GENERAL INFORMATION
|
No. of Employees : |
40 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ashok Abhineet and Associates Chartered Accountant |
|
Address : |
501, Sharp Bhavan, Commercial Complex, Azadpur, Delhi – 110033, Delhi,
India |
|
Tel No : |
91-11-27674061 |
|
PAN No : |
AAGPJ0497A |
|
|
|
|
Related Party : |
|
CAPITAL STRUCTURE
After 29.09.2012
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
490000 |
Equity Shares |
Rs.100/- each |
Rs.49.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
490000 |
Equity Shares |
Rs.100/- each |
Rs.49.000 millions |
|
|
|
|
|
AS ON 31.03.2012
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 |
|
|
|
|
|
|
400000 |
Equity Shares |
Rs.100/- each |
Rs.40.000 millions |
|
|
|
|
|
Note
No Equity Shares
have been issued fully paid up bonus shares by capitalization of the reserve
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 |
40.000 |
40.000 |
17.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
10.546 |
8.421 |
5.624 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
50.546 |
48.421 |
23.124 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
97.656 |
95.080 |
59.018 |
|
|
2] Unsecured Loans |
41.719 |
13.996 |
11.068 |
|
|
TOTAL BORROWING |
139.375 |
109.076 |
70.086 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
189.921 |
157.497 |
93.210 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
6.955 |
7.335 |
6.029 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
2.000 |
2.000 |
2.000 |
|
|
DEFERREX TAX ASSETS |
0.430 |
0.149 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
58.475
|
70.961
|
24.340
|
|
|
Sundry Debtors |
298.049
|
251.546
|
128.102
|
|
|
Cash & Bank Balances |
6.274
|
3.367
|
6.829
|
|
|
Other Current Assets |
2.813
|
0.252
|
0.000
|
|
|
Loans & Advances |
11.295
|
21.911
|
26.807
|
|
Total
Current Assets |
376.906
|
348.037
|
186.078 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
193.122
|
143.127
|
72.728
|
|
|
Other Current Liabilities |
0.482
|
54.129
|
25.818
|
|
|
Provisions |
2.766
|
2.768
|
2.351
|
|
Total
Current Liabilities |
196.370
|
200.024
|
100.897 |
|
|
Net Current Assets |
180.536
|
148.013
|
85.181 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
189.921 |
157.497 |
93.210 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operation |
793.208 |
621.628 |
381.052 |
|
|
|
Other Income |
1.635 |
1.761 |
0.626 |
|
|
|
TOTAL |
794.843 |
623.389 |
381.678 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchased of stock in trade |
672.283 |
578.006 |
|
|
|
|
Changes in inventories and finished goods |
12.486 |
(46.621) |
|
|
|
|
Other direct expenses |
33.017 |
25.731 |
|
|
|
|
Employee benefit Expenses |
13.888 |
11.039 |
|
|
|
|
Other Administrative and selling expenses |
30.310 |
35.074 |
|
|
|
|
Other Expenses |
7.959 |
0.000 |
|
|
|
|
TOTAL |
769.943 |
603.231 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
24.900 |
20.158 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
19.463 |
13.225 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
5.437 |
6.993 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.314 |
2.314 |
NA |
|
|
|
|
|
|
|
|
|
Less |
Extraordinary
items |
0.000 |
1.949 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
3.123 |
2.670 |
|
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.892 |
1.373 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.231 |
1.297 |
|
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Export Earnings |
0.000 |
0.137 |
|
|
|
TOTAL EARNINGS |
0.000 |
0.137 |
|
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Traded Goods |
212.049 |
215.282 |
|
|
|
TOTAL IMPORTS |
212.049 |
215.282 |
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.58 |
6.99 |
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.28
|
0.21
|
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.39
|
0.43
|
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.81
|
0.75
|
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
0.05
|
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.88
|
6.38
|
7.39
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.92
|
1.74
|
1.84
|
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 |
No |
|
10] |
Designation
of contact person |
No |
|
11] |
Turnover
of firm for last three years |
Yes |
|
12] |
Profitability
for last three years |
Yes |
|
13] |
Reasons
for variation <> 20% |
-- |
|
14] |
Estimation
for coming financial year |
No |
|
15] |
Capital
in the business |
Yes |
|
16] |
Details
of sister concerns |
Yes |
|
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] |
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 |
Yes |
UNSECURED
LOAN
|
Particulars |
Rs. In Millions 31.03.2012 |
Rs. In Millions 31.03.2011 |
|
From Others than Banks and Financial Institutions |
13.143 |
10.843 |
|
From Banks and Financial Institutions |
6.080 |
1.079 |
|
Cash Credit Limit with China Trust Commercial Bank (China Trust Commercial) |
8.785 |
2.074 |
|
Working Capital Loan (Import Loan From china) |
13.711 |
0.000 |
|
Total |
41.719 |
13.996 |
Note :
Cash Credit limit with China Trust Commercial Bank is
against hypothecation of stocks and book debts
Note:
The registered office address of the company
has been shifted from Plot No.48, Near MCD Health Centre,
BACKGROUND
Amorphos Chemicals
Private Limited (‘the Company’) was incorporated in India on December 20, 1993.
The Company is engaged in the business of trading of chemicals and polyster
film.
The accompanying
financial statements reflect the results of the activities undertaken by the
company during the year ended March 31, 2011.
FORM 8
|
Corporate
identity number of the company |
U74899DL1993PTC056531 |
|
Name of the
company |
AMORPHOS
CHEMICALS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
E-1/15, 2nd
Floor, Sector-7, Rohini, |
|
This form is for |
Creation of charge |
|
Type of charge |
|
|
Particular of
charge holder |
Standard charted Bank, 10, Parliament street Branch, New Delhi -
110001, India |
|
Nature of instrument
creating charge |
Hypothecation Agreement. |
|
Date of
instrument Creating the charge |
11.05.2012 |
|
Amount secured by
the charge |
Rs.140.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As Per Facility
Letter Dated 10.05.2012 Terms of Repayment As Per Facility Letter Dated 10.05.2012 Margin As Per Facility
Letter Dated 10.05.2012 Extent and Operation of the charge First and
exclusive charge over current assets except book debts financed by Bibby
financial services India private limited First pari passu
charge over book debts to the extent financed by Bibby financial services
private limited |
|
Short particulars
of the property charged |
Hypothecation by
way of first and exclusive charge over current assets except book debts
financed by Bibby financial services India private limited Stored or to be
stored at company's Godowns or premises or wherever else the same may be.
Hypothecation by way of first pari passu charge over book debts to the extent
financed by Bibby financial services private limited |
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.53.51 |
|
|
1 |
Rs.84.84 |
|
Euro |
1 |
Rs.71.42 |
INFORMATION DETAILS
|
Report Prepared
by : |
SPR |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--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 |
|
32 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.