MIRA INFORM REPORT
|
Report Date : |
11.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
ALPA INTERNATIONAL PRIVATE LIMITED (w.e.f 25.10.2005) |
|
|
|
|
Formerly known
as : |
ALPATAN CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Old No.10, New No.8, Manohar Avecaja, Major Road, Egmore,
Chennai-600008, Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
07.04.1992 |
|
|
|
|
Com. Reg. No.: |
01-022455 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs.70.355 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231TN1992PTC022455 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEA02065A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA4680P |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer and Importer of Leather tanning chemicals fat liquoring,
syntans, beam house auxiliary, resin syntans |
|
|
|
|
No. of
Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 300000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The company has incurred a loss during 2012. External borrowings
appear to be low. Trade relations are fair. Business is active. Payment terms are
reported as slow but correct. 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 : |
Old No.10, New No.8, Manohar Avecaja, Major Road, Egmore,
Chennai-600008, Tamilnadu, India |
|
Tel. No.: |
91-44-28193006 / 28191556 |
|
Fax No.: |
91-44-28190015 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
R.S. No.1 and 2, Pondur Village, Sriperumbudur Taluk, Kancheepuram District, Tamilnadu, India. |
|
Tel. No.: |
91-44-27169031 / 27169032 |
|
Fax No.: |
91-44-27169030 |
DIRECTORS
AS ON 21.09.2012
|
Name : |
Mr. Mahesh Chelaka |
|
Designation : |
Managing Director |
|
Address : |
No.2, Bishop Garden, Raja Annamalaipuram, Chennai-600028, Tamilnadu,
India |
|
Date of Birth/Age : |
24.09.1951 |
|
Date of Appointment : |
24.05.1999 |
|
DIN No.: |
00215479 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74999TN1991PTC020891 |
EXEL
TRADING AND CONSULTANCY PRIVATE LIMITED |
Director |
01-07-97 |
01-07-97 |
Active |
NO |
|
2 |
U24231TN1992PTC022455 |
ALPA
INTERNATIONAL PRIVATE LIMITED |
Managing
director |
24-05-99 |
24-05-99 |
Active |
NO |
|
3 |
U26960TN1993PTC024166 |
ZENITH
MONUMENTS GRANITES PRIVATE LIMITED |
Director |
23-06-00 |
23-06-00 |
Strike
off |
NO |
|
Name : |
Mr. Bruno Mario Beltramo |
|
Designation : |
Director |
|
Address : |
K Block, Flat BG, Second Floor, Alsa Sherif Mano Anna Nagar East,
Chennai-600102, Tamilnadu, India |
|
Date of Birth/Age : |
02.07.1961 |
|
Date of Appointment : |
18.07.1998 |
|
DIN No.: |
00986206 |
|
|
|
|
Name : |
Mr. Kolathur Canathadai Sthalasayanam |
|
Designation : |
Director |
|
Address : |
Old No.87, New No.177, Kutchery Road, Vinayaka Nagar, Mylapore,
Chennai-600004, Tamilnadu, India |
|
Date of Birth/Age : |
15.03.1945 |
|
Date of Appointment : |
21.03.2011 |
|
DIN No.: |
03504401 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24231TN1992PTC022455 |
ALPA
INTERNATIONAL PRIVATE LIMITED |
Director |
19-09-11 |
21-03-11 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Krishnaswamy Veravalli |
|
Designation : |
Secretary |
|
Address : |
15-Corporation School Road, Nungambakkam, Chennai-600034, Tamilnadu,
India |
|
Date of Birth/Age : |
15.05.1948 |
|
Date of Appointment : |
01.07.2005 |
|
PAN No.: |
AHUPK2201N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 21.09.2012
|
Names of Shareholders |
No. of Shares |
|
A V Kishore |
322500 |
|
C Mahesh |
175000 |
|
Alpa Spa, Italy |
6538020 |
|
TOTAL
|
7035520 |
AS ON 21.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Foreign holdings( Foreign institutional investor(s), Foreign
companie(s) Foreign financial institution(s), Non-resident Indian(s) or
Overseas Corporate bodies or Others |
92.93 |
|
Directors or relatives of Directors |
2.49 |
|
Others |
4.58 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Importer of Leather tanning chemicals fat liquoring,
syntans, beam house auxiliary, resin syntans. |
||||||
|
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|
||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
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|
|||||||||||||||||||||
|
Bankers : |
·
Indian Overseas Bank. Aminjikarai branch, Pachaiyappa’s
Trust Board Building, Pachaiyappa’s College Campus, Harrington Road,
Chennai-600030, Tamilnadu, India. |
|||||||||||||||||||||
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|
|||||||||||||||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mr. Rangamani and Sridharan Chartered Accontant |
|
Address : |
New No.15/3, (Old No.5, Rajagopalan Street, West Mambalam,
Chennai-600033, Tamilnadu, India |
|
PAN No.: |
AGPPM2096P |
|
|
|
|
Holding Company : |
Worldchem Holding Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7035520 |
Equity Shares |
Rs.10/- each |
Rs. 70.355
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 |
|
70.355 |
70.355 |
|
(b) Reserves & Surplus |
|
6.951 |
7.103 |
|
(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) |
|
77.306 |
77.458 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.502 |
0.719 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
0.502 |
0.719 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
4.292 |
5.176 |
|
(b) Trade payables |
|
19.632 |
16.515 |
|
(c) Other current
liabilities |
|
4.851 |
3.603 |
|
(d) Short-term
provisions |
|
1.593 |
0.837 |
|
Total Current
Liabilities (4) |
|
30.368 |
26.131 |
|
|
|
|
|
|
TOTAL |
|
108.176 |
104.308 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
23.372 |
26.543 |
|
(ii) Intangible Assets |
|
3.842 |
4.803 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
3.363 |
1.989 |
|
(d) Long-term Loan and Advances |
|
1.129 |
1.408 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
31.706 |
34.743 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
15.162 |
17.638 |
|
(c) Trade receivables |
|
44.240 |
31.672 |
|
(d) Cash and cash
equivalents |
|
10.915 |
14.961 |
|
(e) Short-term loans
and advances |
|
5.598 |
4.927 |
|
(f) Other current
assets |
|
0.555 |
0.367 |
|
Total Current Assets |
|
76.470 |
69.565 |
|
|
|
|
|
|
TOTAL |
|
108.176 |
104.308 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
70.355 |
|
|
2] Share Application Money |
|
|
0.052 |
|
|
3] Reserves & Surplus |
|
|
7.113 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
77.520 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
1.719 |
|
|
2] Unsecured Loans |
|
|
5.919 |
|
|
TOTAL BORROWING |
|
|
7.638 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
85.158 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
36.239 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
2.422 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
10.096
|
|
|
Sundry Debtors |
|
|
42.365
|
|
|
Cash & Bank Balances |
|
|
11.727
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
18.075
|
|
Total
Current Assets |
|
|
82.263 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
25.775
|
|
|
Other Current Liabilities |
|
|
2.246
|
|
|
Provisions |
|
|
7.745
|
|
Total
Current Liabilities |
|
|
35.766 |
|
|
Net Current Assets |
|
|
46.497
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
85.158 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
100.298 |
99.394 |
|
|
|
|
Other Income |
NA |
NA |
|
|
|
|
TOTAL |
NA |
NA |
94.127 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
NA |
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
85.835 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
3.109 |
5.651 |
8.292 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.635 |
5.229 |
5.342 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
(1.526) |
0.422 |
2.950 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(1.374) |
0.432 |
1.872 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(0.152) |
(0.010) |
1.078 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
10.055 |
4.592 |
1.852 |
|
|
|
Commission Earnings |
10.148 |
11.421 |
8.534 |
|
|
TOTAL EARNINGS |
20.203 |
16.013 |
10.386 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
3.403 |
3.283 |
0.467 |
|
|
|
Traded Goods |
10.387 |
6.450 |
7.349 |
|
|
TOTAL IMPORTS |
13.790 |
9.733 |
7.816 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(0.02) |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
NA |
1.15 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(1.52)
|
0.42 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.46)
|
0.41 |
2.49 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.02)
|
0.01 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.06
|
0.08 |
0.10 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.52
|
2.66 |
2.30 |
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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 |
No |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Short Term
Borrowings |
|
|
|
Other Loans and Advances |
0.000 |
3.731 |
|
|
|
|
|
TOTAL |
0.000 |
3.731 |
BUSINESS PERFORMANCE
AND PROSPECTS
The Company has
achieved a turnover of Rs.100.298 Millions. The Gross Profit and Net Loss are
3.109 Millions and Rs 0.152 Million respectively. The Directors are hopeful of
improving the performance in the current year.
The details
regarding conservation of energy, technology absorption, foreign exchange
earnings and outgo are furnished
FORM 8
|
Corporate
identity number of the company |
U24231TN1992PTC022455 |
|
Name of the
company |
ALPA
INTERNATIONAL PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Old No.10, New No.8, Manohar Avecaja, Major Road, Egmore,
Chennai-600008, Tamilnadu, India |
|
This form is for |
Modification of
charge |
|
Charge identification
number of the charge to be modified |
90324597 |
|
Type of charge |
|
|
Particular of
charge holder |
Indian Overseas Bank. Aminjikarai branch, Pachaiyappa’s Trust Board Building,
Pachaiyappa’s College Campus, Harrington Road, Chennai-600030, Tamilnadu,
India. |
|
Nature of
instrument creating charge |
1. Letter of
Hypothecation (for securing machineries / vehicles / goods / book debts). 2. No Instrument.
Letter of confirmation of deposit of title deeds. |
|
Date of
instrument Creating the charge |
12.10.2012 |
|
Amount secured by
the charge |
Rs. 14.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest CC - Base rate
+2.75%, presently 13.25% p.a., Packing Credit, FDDBP/FDUBD - Base rate
+0.75%, presently 11.25% p.a. Terms of repayment Working capital
limits repayable on demand. Margin CC - 25% on
stock, 50% on book debts, Packing Credit - 25%, FDDBP/FDUBD - 10% for non LC
Bills and Nil for LC bills. Extent and operation of the charge First and
exclusive charge by way of hypothecation of stocks, book debts, plant and
machinery and equitable mortgage by deposit of title deeds of immovable
properties more fully described in clause 15 of this form 8. This charge
operates as security for the repayment of dues by the company to the bank
along with interest, charges etc., Other All other terms and
conditions are as per sanction letter dt.25.05.2012 and documents obtained by
the bank. |
|
Short particulars
of the property charged (Including location of the property) |
First and
exclusive charge by way of hypothecation of stocks, book debts, plant and
machinery and equitable mortgage by deposit of title deeds of all that piece
and parcel of land measuring an extent of 1.24 acres and factory unit
thereon, comprised in S.No.1/2 and 7.29 Acres in S.No.2/1, totally measuring
8.53 Acres, situated at Ponthoor A Village, Sriperumbudur Taluk, Kanchipuram
District, situated within the Sub Registration District of Sriperumbudur and
Registration District of Chengalpet. |
|
Date of
instrument modifying the charge |
16.05.2011 |
|
Particulars of
the present modification |
The FDDBP/FDUBD
limit is enhanced to Rs.6.000 Millions from existing Rs.3.000 Millions and
existing LG limit of Rs.1.000 Million is cancelled. The total limits
sanctioned to the company is enhanced from Rs.12.000 Millions to Rs.14.000
Millions and additionally secured by immovable properties of the company.
Hence this modification. The breakup of limits- OCC Rs.8.000 Millions [(Sub
limit under CC) - PCL - Rs.6.000 Millions], FDDBP/FDUBD - Rs.6.000 Millions =
Total limits Rs.14.000 Millions. |
FIXED ASSETS
- Land
- Building
- Plant and Machinery
- Vehicles
- Furniture and Fittings
- Patent and Designs
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. 60.13 |
|
|
1 |
Rs. 89.52 |
|
Euro |
1 |
Rs. 76.89 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.