MIRA INFORM REPORT
|
Report Date : |
02.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
INDIA PESTICIDES LIMITED (w.e.f. 24.04.2003) |
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Formerly Known
As : |
INDIA PESTICIDES PRIVATE LIMITED |
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Registered
Office : |
35 - A, Civil Lines, Bareilly – 243001, Uttar Pradesh |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
13.12.1984 |
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Com. Reg. No.: |
20-006894 |
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Capital Investment
/ Paid-up Capital : |
Rs. 31.658 Millions |
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CIN No.: [Company Identification
No.] |
U24112UP1984PLC006894 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
LKNI00825G |
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PAN No.: [Permanent Account No.] |
AAACI3591D |
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Legal Form : |
A Closely Help Public Limited Liability Company |
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Line of Business
: |
Manufacturing
of Various types of Pesticides (Technical and Formulations) and Pharma
Intermediates. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 950000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a satisfactory track record. There appears a slight increase in the sales turnover as well as the profitability
during 2012. Financially the company seems to be strong and healthy.
Liquidity position is good. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
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Rating |
Long term bank facilities : BBB |
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Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
18.02.2013 |
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Rating Agency Name |
CARE |
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Rating |
Short term bank facilities : A3+ |
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Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
18.02.2013 |
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 : |
35 - A, Civil Lines, |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office : |
Water |
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Tel. No.: |
91-522-2653602/2653603/2653622/3255885 |
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Fax No.: |
91-522-2653610 |
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E-Mail : |
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Factory 1 : |
E-17-23, UPSIDC Industrial Area, |
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Factory 2 : |
D2/D3, UPSIDC, Industrial Area, Sandila, (Distt. Hardoi) |
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Factory 3 : |
G-30-33, UPSIDC
Industrial Area, |
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Factory 4 : |
Tewari ganj, |
DIRECTORS
As on : 29.09.2012
|
Name : |
Mr. Ashok Kumar Gupta |
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Designation : |
Director |
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Address : |
S 102244 Indiranagar, C – Block, |
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Date of Birth/Age : |
06.08.1949 |
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Date of Appointment : |
01.04.2012 |
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PAN No : |
AIHPG1692D |
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DIN No.: |
00543688 |
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Other Directorship:
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Name : |
Mr. Govind Singh Mehta |
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Designation : |
Director |
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Address : |
C – 38 Rajajipuram, |
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Date of Birth/Age : |
30.04.1948 |
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Date of Appointment : |
01.04.2012 |
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DIN No.: |
00602572 |
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Other Directorship:
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Name : |
Mr. Rajendra Singh Sharma |
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Designation : |
Director |
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Address : |
E – 2866, Rajajipuram, |
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Date of Birth/Age : |
10.07.1944 |
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Date of Appointment : |
01.04.2012 |
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PAN No : |
AMQPS0405B |
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DIN No.: |
02487797 |
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Other Directorship:
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Anand Swarup Agarwal |
|
127971 |
|
Sudha Agarwal |
|
17438 |
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Sned Lata Agarwal |
|
18918 |
|
Asha Agarwal |
|
22698 |
|
Vishwae Swarup Agarwal |
|
8600 |
|
Saurabh Agarwal |
|
14400 |
|
Vishal Swarup Agarwal |
|
8600 |
|
Gaurav Agarwal |
|
17640 |
|
Shalini Swarup Agarwal |
|
4500 |
|
Sugandha Swarup Agarwal |
|
4500 |
|
Anurag Swarup Agarwal |
|
2700 |
|
Aparna Agarwal |
|
1800 |
|
Mahendra Swarup Agarwal |
|
15735 |
|
Nupur Agarwal |
|
1800 |
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Virendra Swarup Agarwal |
|
21965 |
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Dr P. S. Agarwal |
|
14945 |
|
Sanju Agarwal |
|
8570 |
|
Ashok Kumar Gupta, Mumbai |
|
45 |
|
Relience Polycrete Limited, |
|
1250 |
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Komal Swarup Agarwal |
|
1250 |
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Kajri Swarup |
|
1250 |
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Total |
|
316575 |
Equity
Share Break up (Percentage of Total Equity)
As on : 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
0.39 |
|
Other top fifty shareholders |
99.61 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing
of Various types of Pesticides (Technical and Formulations) and Pharma
Intermediates. |
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|
|
|
Products : |
· Captan ·
Folpet ·
Lindane ·
Thiram ·
Ziram ·
Chlorpyriphos ·
Tolnaftate ·
Rubber Chemicals · Dye Intermediates |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
Bank Of Email : cssaket.associates@gmail.com CIN : U24112UP1984PLC006894 |
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Facilities : |
(Rs in Millions)
Note : 1. Detail of Securities and Terms of repayment :- Term Loan From Bank :-
Bank of India - Secured by hypothecation of entire present and future
tangible Assets and guaranteed by other than directors. The loan is repayable
in 16 quarterly installments of Rs. 1.250 Millions each Starting From
30.09.2008. Rate of Interest is floating @ 14.5% p.a. - HDFC Bank - Secured
by hypothecation of specific vehicles Interest Rate range is 11% to 13%.
Biotech Consortium India Limited :- Secured By Specific Plant and Machinery -
The loan is repayable in 10 Yearly installments of Rs 100000/- each. Starting
from Dec 2012. Rate of Interest is NIL% 2. Detail of Securities and Terms of repayment :- Term Loan From Bank
:- Bank of India - Secured by hypothecation of entire present and future
tangible Assets and guaranteed by other than directors. The loan is repayable
in 16 quarterly installments of Rs 1.250 Millions each Starting From
30.09.2008. Rate of Interest is floating @ 14.5% p.a. - HDFC Bank - Secured
by hypothecation of specific vehicles Interest Rate range is 11% to 13%.
Biotech Consortium India Limited :- Secured By Specific Plant and Machinery -
The loan is repayable in 10 Yearly installments of Rs 100000/- each. Starting
from Dec 2012. Rate of Interest is NIL% 3. Bank of varies within the range of 11.50 % to 14.00% pa LONG TERM
BORROWINGS :- Term Loan from
Bank 1. Bank of 2. HDFC Bank:- Secured by hypothecation of specific vehicles Interest
Rate range is 11% to 13%. Biotech
Consortium India Limited Secured by Specific Plant and Machinery The Loan is repayable in 10
Yearly installments of Rs.100000/- each. Starting from Dec 2012. Rate of
Interest is NIL% Unsecured Loan :- Unsecured Loan are payable on demand, however neither any demand is
raised by the depositors nor looking to past trend the demand is likely to be
raised in next 12 months, hence no repayment schedule is given herein above. SHORT TERM
BORROWINGS :- Secured by Hypothecation of entire present and future tangible assets
except charge to biotech Consortium India Limited. All short term borrowings
are repayable on demand and interest varies within the range of 11.50% to
14.00% p.a |
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Auditors : |
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Name : |
Sambharwala and Company Chartered Accountants |
|
Address : |
Opposite Bansal Plaza, Seth Ladhulal Jain Marg, Daliganj,
Lucknow-226007, |
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PAN No.: |
AASPJ5999D |
CAPITAL STRUCTURE
As on : 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
350000 |
Equity Shares |
Rs.100/- each |
Rs. 35.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
316575 |
Equity Shares |
Rs.100/-
each |
Rs. 31.658
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
31.658 |
31.658 |
|
(b) Reserves & Surplus |
|
206.450 |
163.804 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
238.108 |
195.462 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
21.448 |
25.298 |
|
(b) Deferred tax liabilities (Net) |
|
18.267 |
19.720 |
|
(c) Other long term
liabilities |
|
2.707 |
1.701 |
|
(d) long-term
provisions |
|
1.478 |
1.369 |
|
Total Non-current
Liabilities (3) |
|
43.900 |
48.088 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
221.794 |
156.138 |
|
(b)
Trade payables |
|
132.267 |
78.762 |
|
(c)
Other current liabilities |
|
44.410 |
32.405 |
|
(d)
Short-term provisions |
|
1.975 |
1.957 |
|
Total Current
Liabilities (4) |
|
400.446 |
269.262 |
|
|
|
|
|
|
TOTAL |
|
682.454 |
512.812 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
158.862 |
147.194 |
|
(ii)
Intangible Assets |
|
0.435 |
0.000 |
|
(iii)
Capital work-in-progress |
|
8.841 |
14.684 |
|
(iv) Intangible assets under development |
|
0.420 |
0.000 |
|
(b) Non-current
Investments |
|
4.508 |
4.448 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
4.441 |
3.927 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
177.507 |
170.253 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
121.813 |
67.102 |
|
(c)
Trade receivables |
|
302.229 |
213.071 |
|
(d)
Cash and cash equivalents |
|
33.124 |
15.399 |
|
(e)
Short-term loans and advances |
|
26.181 |
26.723 |
|
(f)
Other current assets |
|
21.600 |
20.264 |
|
Total
Current Assets |
|
504.947 |
342.559 |
|
|
|
|
|
|
TOTAL |
|
682.454 |
512.812 |
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
31.658 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
132.887 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
164.545 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
144.601 |
|
|
2] Unsecured Loans |
|
|
4.716 |
|
|
TOTAL BORROWING |
|
|
149.317 |
|
|
DEFERRED TAX LIABILITIES |
|
|
19.217 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
333.079 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
155.413 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
4.500 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
47.501
|
|
|
Sundry Debtors |
|
|
152.939
|
|
|
Cash & Bank Balances |
|
|
18.993
|
|
|
Other Current Assets |
|
|
42.968
|
|
|
Loans & Advances |
|
|
32.081
|
|
Total
Current Assets |
|
|
294.482
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
74.178
|
|
|
Other Current Liabilities |
|
|
21.469
|
|
|
Provisions |
|
|
25.669
|
|
Total
Current Liabilities |
|
|
121.316
|
|
|
Net Current Assets |
|
|
173.166
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
333.079 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1032.244 |
913.041 |
810.518 |
|
|
|
Other Income |
2.584 |
2.029 |
(14.790) |
|
|
|
TOTAL |
1034.828 |
915.070 |
795.728 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
714.798 |
612.308 |
|
|
|
|
Purchases of Stock in trade |
4.208 |
0.000 |
|
|
|
|
Changes in Inventories |
(30.292) |
(5.721) |
|
|
|
|
Employees Benefits Expenses |
41.846 |
37.710 |
|
|
|
|
Other Expenses |
201.125 |
191.671 |
|
|
|
|
TOTAL |
931.685 |
835.968 |
730.509 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
103.143 |
79.102 |
65.219 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
29.729 |
17.884 |
14.135 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
73.414 |
61.218 |
51.084 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
13.405 |
12.827 |
12.365 |
|
|
|
|
|
|
|
|
|
Less |
EXCEPTIONAL
ITEMS |
0.084 |
0.009 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
59.925 |
48.382 |
38.719 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
16.547 |
16.734 |
13.313 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
43.378 |
31.648 |
25.406 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
137.02 |
99.97 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.19
|
3.46 |
3.19 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.81
|
5.30 |
4.78 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.96
|
9.80 |
8.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25
|
0.25 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.02
|
0.93 |
0.91 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26
|
1.27 |
2.43 |
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 |
No |
|
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
--------- |
|
22] |
Litigations that the firm
/ promoter involved in |
--------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
--------- |
|
26] |
Buyer visit details |
--------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
FINANCIAL RESULTS:
The Company made a profit of Rs.43.378 Millions during the year.
UNSECURED LOANS :
(Rs in Millions)
|
PARTICULARS |
31.03.2012
|
31.03.2011
|
|
Other Loans and Advances |
19.175 |
17.868 |
|
Total |
19.175 |
17.868 |
BANKERS CHARGES REPORT
AS PER REGISTRY :
|
Corporate
identity number of the company |
U24112UP1984PLC006894 |
|
Name of the
company |
INDIA PESTICIDES
LIMITED. |
|
Address of the
registered office or of the principal place of business in |
35-A Civil Lines Email : cssaket.associates@gmail.com |
|
This form is for |
Modification of
Charge |
|
Charge
identification (ID) number of the charge to be modified |
90268707 |
|
Type of charge |
·
Immovable
Property ·
Book
Debts ·
Movable
Property (not being pledge) ·
Others
(Plant and Machinery) |
|
Particular of
charge holder |
Bank Of Email : cssaket.associates@gmail.com CIN : U24112UP1984PLC006894 |
|
Nature of
instrument creating charge |
1. Supplemental Deed of Hypothecation (L-481) 4 Nos. 2. Agreement of charge and hypothecation of Book Debts and Stocks and Pre
Sale Export Packaging Credit (L-516) 3. General Counter Guarantee & Indemnity (LG-12) and 4..Memorandum of Deposit of Title Deeds. |
|
Date of
instrument Creating the charge |
20.04.2013 |
|
Amount secured by
the charge |
Rs. 366.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest : On Fund Based
Limit- @2.5% over base rate presently 12.75% p.a with monthly rests. On EPC and FBP-
As per extent guidelines On Non Fund Based
- Commission /Charges as per Bank's Norms Terms of Repayment : Working Capital -
Repayable on demand, Other Terms are renewable and reviewable every year. Margin : 25% on EPC 25% on Cash Credit
Stocks 10% on FBP 30% on Cash
Credit ( Govt. B/D and Pvt. B/D) 10% Bill
discounting, Cheque purchase 25% on BG (TDRs) 25% on LC (TDRs) Extent and Operation of the charge : The Charge shall operate
on the full loan amount i.e Rs. 366.000 Millions , including interest and
accrued interest, if any |
|
Short particulars
of the property charged |
|
|
Date of
instrument modifying the charge |
20.07.2011 |
|
Particulars of
the present modification |
The various
credit facilities granted by the Bank has now been enhanced from Rs. 305.400
Millions to Rs.366.000 Millions. Therefore, total amount of charge secured
against hypothecation of all tangible movable plant and machinery, stocks,
book debts etc. and equitable mortgage of Company's immovable properties as
per details mentioned in column No.15 above has now been enhanced from Rs.
305.400 Millions to Rs.366.000 Millions |
FIXED ASSETS:-
- Plant and
Machinery
- Furniture and
Fixtures
- Vehicles
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. 59.15 |
|
|
1 |
Rs. 90.05 |
|
Euro |
1 |
Rs. 77.07 |
INFORMATION DETAILS
|
Report Prepared
by : |
|
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
51 |
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.