1. Summary Information
|
Country |
India |
||
|
Company Name |
STARION INDIA PRIVATE LIMITED |
Principal Name 1 |
Hyun Jin Jo |
|
Status |
Moderate |
Principal Name 2 |
Gil Je Park |
|
Registration # |
55-111632 |
||
|
Street Address |
2nd Floor, 43 Poorvi Marg, Vasant Vihar, New Delhi-110057 |
||
|
Established Date |
11.07.2001 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Manufacturer |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Evaporator Assembly |
|
|
# of employees |
Not Available |
Product Name 2 |
Heat Exchanger |
|
Paid up capital |
Rs.304,889,000/-
|
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings |
Banking |
Shinhan Bank |
|
Public Limited Corp. |
No |
Business Period |
12 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (36) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding
Company |
Korea
|
Sunghchull Manufacturing Company Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
546,739,000 |
Current Liabilities |
1,370,159,000 |
|
Inventories |
282,290,000 |
Long-term Liabilities |
479,883,000 |
|
Fixed Assets |
1,507,634,000 |
Other Liabilities |
8,939,000 |
|
Deferred Assets |
26,616,000 |
Total Liabilities |
1,858,981,000 |
|
Invest& other Assets |
31,187,000 |
Retained Earnings |
230,596,000 |
|
|
|
Net Worth |
535,485,000 |
|
Total Assets |
2,394,466,000 |
Total Liab. & Equity |
2,394,466,000 |
|
Total Assets (Previous Year) |
2,403,700,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales/ Total Income |
6,648,150,000 |
Net Profit |
4,437,000 |
|
Sales(Previous yr)/ Total Income |
3,449,421,000 |
Net Profit(Prev.yr) |
74,330,000 |
MIRA INFORM REPORT
|
Report Date : |
11.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
STARION INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2nd Floor, 43 Poorvi Marg, Vasant Vihar, New Delhi-110057 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
11.07.2001 |
|
|
|
|
Com. Reg. No.: |
55-111632 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.304.889
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31909DL2001PTC111632 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS15111F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCS4674J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Evaporator Assembly, Heat Exchanger. |
|
|
|
|
No. of Employees
: |
Not Available |
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 |
|
Maximum Credit Limit : |
USD 2140000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record.
There appears drastic fall in its profitability during 2012. Profit margin
seems to be low. However, the company has achieved better growth in its sales. Trade
relations are reported to be fair. Business is active. Payments are reported
to be 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 : |
2nd Floor, 43 Poorvi Marg, Vasant Vihar, New Delhi-110057,
India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Plot No. A-6/1, MIDC, Ranjangaon Taluka, Shirur, Pune-412 220, |
|
Factory Build-up
Area: |
8000 Sq. Mtrs. |
|
|
|
|
Factory 2 : |
S-331, |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Hyun Jin Jo |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
A-3, Bramha Sun City, Survay No.7/1, Vadgaon, Sheri, Pune - 411014,
Maharashtra, India |
||||||||||||||||
|
Date of Birth/Age : |
20.01.1963 |
||||||||||||||||
|
Date of Appointment : |
30.09.2011 |
||||||||||||||||
|
Din No.: |
03415304 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Gil Je Park |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
926-1, DAECHI-DONG GANGNAM-GU, SEOUL METROPOLITAN,135280 |
||||||||||||||||
|
Date of Birth/Age : |
16.09.1962 |
||||||||||||||||
|
Date of Appointment : |
30.09.2010 |
||||||||||||||||
|
Din No.: |
03275771 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Hyun Jin Jo |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
A-3, Bramha Sun City, Survey No. 7/1, Vadgaonsheri, Pune-411014,
Maharashtra, India |
||||||||||||||||
|
Date of Birth/Age : |
20.01.1963 |
||||||||||||||||
|
Date of Appointment : |
30.09.2011 |
||||||||||||||||
|
Din No.: |
03415304 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Jongbae Koo |
||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||
|
Address : |
78, Survey No. 207, Garden Co-operative Housing Society, Hisa No. 1/2/3/4,
Kalyani Nagar, Pune-411014, Maharashtra, India |
||||||||||||||||
|
Date of Birth/Age : |
04.03.1962 |
||||||||||||||||
|
Date of Appointment : |
01.10.2010 |
||||||||||||||||
|
Din No.: |
03415317 |
||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Shamsher Singh |
|
Designation : |
Secretary |
|
Address : |
C-10 S, Delhi Police, Apartments, Mayur PHI, Delhi, India |
|
Date of Appointment : |
18.05.2009 |
|
PAN No.: |
AOAPS5954B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sunghull Manufacturing Company Limited – South Korea |
|
17915456 |
|
Kiwon Company Limited – South Korea |
|
11715756 |
|
Starion Company Limited – South Korea |
|
810200 |
|
Junj Hun Jan |
|
47500 |
|
|
|
|
|
TOTAL
|
|
30488912 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Evaporator Assembly, Heat Exchanger. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
Shinhan Bank, Mercantile House, Upper Ground Floor, 15, Kasturba Gandhi Marg, New Delhi-110001, India |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
T.R. Chadha and Company Chartered Accountants |
|
Address : |
B-30, Connaught Place, Kuthiala Bulding, New Delhi-110001, India |
|
Tel. No.: |
91-11-43259900 |
|
Fax No.: |
91-11-43259930 |
|
E-Mail : |
|
|
PAN No: |
AAAFT1655Q |
|
|
|
|
Holding Company : |
Sunghchull Manufacturing Company Limited, Korea |
|
|
|
|
Fellow Subsidiaries: |
|
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
35000000 |
Equity Shares |
Rs.10/- each |
Rs.350.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
30488912 |
Equity Shares |
Rs.10/- each
|
Rs.304.889
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
|
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
304.889 |
|
(b) Reserves & Surplus |
|
|
230.596 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
|
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
|
|
535.485 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a)
long-term borrowings |
|
|
307.220 |
|
(b) Deferred tax
liabilities (Net) |
|
|
0.000 |
|
(c)
Other long term liabilities |
|
|
0.000 |
|
(d)
long-term provisions |
|
|
4.657 |
|
Total
Non-current Liabilities (3) |
|
|
311.877 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
|
172.663 |
|
(b)
Trade payables |
|
|
422.298 |
|
(c)
Other current liabilities |
|
|
947.861 |
|
(d)
Short-term provisions |
|
|
4.282 |
|
Total
Current Liabilities (4) |
|
|
1547.104 |
|
|
|
|
|
|
TOTAL |
|
|
2394.466 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
|
1507.634 |
|
(ii)
Intangible Assets |
|
|
0.000 |
|
(iii)
Capital work-in-progress |
|
|
31.187 |
|
(iv) Intangible assets under
development |
|
|
0.000 |
|
(b)
Non-current Investments |
|
|
0.000 |
|
(c)
Deferred tax assets (net) |
|
|
26.616 |
|
(d) Long-term Loan and Advances |
|
|
136.815 |
|
(e)
Other Non-current assets |
|
|
0.000 |
|
Total
Non-Current Assets |
|
|
1702.252 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
282.290 |
|
(c)
Trade receivables |
|
|
259.288 |
|
(d)
Cash and cash equivalents |
|
|
78.479 |
|
(e)
Short-term loans and advances |
|
|
70.380 |
|
(f)
Other current assets |
|
|
1.777 |
|
Total
Current Assets |
|
|
692.214 |
|
|
|
|
|
|
TOTAL |
|
|
2394.466 |
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
304.889 |
304.889 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
226.158 |
151.828 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
531.047 |
456.717 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
206.548 |
0.698 |
|
|
2] Unsecured Loans |
|
535.800 |
552.167 |
|
|
TOTAL BORROWING |
|
742.348 |
552.865 |
|
|
DEFERRED TAX LIABILITIES |
|
30.368 |
5.650 |
|
|
|
|
|
|
|
|
TOTAL |
|
1303.763 |
1015.232 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
1679.355 |
906.866 |
|
|
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 |
|
243.385
|
146.411
|
|
|
Sundry Debtors |
|
184.797
|
148.497
|
|
|
Cash & Bank Balances |
|
68.895
|
88.248
|
|
|
Other Current Assets |
|
1.433
|
0.000
|
|
|
Loans & Advances |
|
225.835
|
146.732
|
|
Total
Current Assets |
|
724.345
|
529.888
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
327.292
|
|
|
Other Current Liabilities |
|
|
19.953
|
|
|
Provisions |
|
7.816
|
74.277
|
|
Total
Current Liabilities |
|
1099.937
|
421.522
|
|
|
Net Current Assets |
|
(375.592)
|
108.366
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1303.763 |
1015.232 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
6648.150 |
3449.421 |
2547.959 |
|
|
|
Other Income |
5.116 |
41.340 |
110.838 |
|
|
|
TOTAL |
6653.266 |
3490.761 |
2658.797 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
6447.727 |
3184.167 |
2186.098 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
205.539 |
306.594 |
472.699 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
229.086 |
181.493 |
135.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
(23.547) |
125.101 |
336.999 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(27.984) |
50.771 |
87.967 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
4.437 |
74.330 |
249.032 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
226.158 |
151.828 |
(97.204) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
230.595 |
226.158 |
151.828 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
22.362 |
0.000 |
2.561 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
|
459.844 |
|
|
|
Stores & Spares |
1264.001 |
1462.501 |
8.365 |
|
|
|
Capital Goods |
|
|
190.663 |
|
|
TOTAL IMPORTS |
1264.001 |
1462.501 |
658.872 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.15 |
2.44 |
8.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.07
|
2.13
|
(9.95) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(0.35)
|
3.63
|
(9.67) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.00)
|
5.20
|
(12.45) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.04)
|
0.24
|
(0.66) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.90
|
1.40
|
1.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.45
|
0.66
|
1.45 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
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 |
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 |
No |
|
34] |
External Agency Rating, if available |
No |
NOTE:
The registered office of the company has been shifted from E-64, Vasant Marg, Vasant Vihar, New Delhi-110014, India to the present address w.e.f. 13.10.2012.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U31909DL2001PTC111632 |
|
Name of the
company |
STARION INDIA
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
E-64, Vasant Marg, Vasant Vihar, New Delhi-110014, Delhi, India Email: sureshcs@starion.co.kr
|
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
Shinhan Bank, Mercantile House, Upper Ground Floor, 15, Kasturba Gandhi Marg, New Delhi-110001, India Email: shbdb@vsnl.net |
|
Nature of
instrument creating charge |
Declaration-cum-confirmation
deed. |
|
Date of instrument
Creating the charge |
23.02.2012 |
|
Amount secured by
the charge |
Rs.240.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Extent and
Operation of the charge Extent and
Operation - 100% Others The Above is to
Secure Overdraft Limit. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Equitable
mortgage by way of first charge over company's immovable property i.e. Plot
No. A-6/1, Ranjangaon Industrial Area, MIDC Ranjangaon, Taluka Shirur,
District-Pune-412220, Maharashtra, India Admeasuring
50,114.00 sq. mtrs. Together with all buildings and structures thereon or to
be thereon. |
FIXED ASSETS:
- Land (Lease
Hold)
- Factory Building
- Plant and
Machinery
- Vehicles
- Computers
- Office
Equipments
- Furniture and
Fixture
- Tools
- Electrical
Installation
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 : |
TPT |
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 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.