MIRA
INFORM REPORT
|
Report Date : |
16.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
KRYFS POWER COMPONENTS LIMITED (w.e.f. 09.06.2006) |
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Formerly Known As : |
KRYFS LAMINATIONS PRIVATE LIMITED |
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Registered Office : |
Aza House, 3rd Floor, |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
05.03.1991 |
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Com. Reg. No.: |
11-060602 |
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Capital Investment / Paid-up Capital : |
Rs. 88.235 Millions |
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CIN No.: [Company
Identification No.] |
U25209MH1991PLC060602 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMK10554F |
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PAN No.: [Permanent
Account No.] |
AAACK2791F |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business : |
Manufacturer and Exporter of Stacked Transformer Laminations, Cores,
Lifting Slings etc. |
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No. of Employees : |
600 (Approximately) ( In Office + In Factory) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 6440000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established company having a good track record.
There appears slight dip profitability during 2012. However, general financial position seems to be good. Trade relations
are reported to be fair. Business is active. Payments are reported to be
regular and as per commitment. The company can be considered normal for business dealings at usual
trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
A- (Long Term Bank Facilities) |
|
Rating Explanation |
Having adequate degree of safety regarding timely servicing of financial
obligation. It carry low credit risk. |
|
Date |
January 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.
INFORMATION DECLINED BY
Management non co-operative
LOCATIONS
|
Registered / Corporate Office : |
Aza House, 3rd Floor, |
|
Tel. No.: |
91- 22- 26443533 / 67859999 / 26443522 |
|
Mobile No.: |
91-9619187237 (Mr. Sameer Mogal) |
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Fax No.: |
91-22-67859999 / 26434462 / 67859988 |
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E-Mail : |
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Website : |
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Area : |
1000 Sq. ft. |
|
Location : |
Owned |
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|
Factory 1 : |
Kherdi Unit, Survey No. 211/1 and 193/1, Kherdi Main Road, Near HPCL,
Kherdi Village, Silvassa -396230, Dadra and Nagar Haveli, Union Territory,
India |
|
Tel. No.: |
91-260-2677312 |
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Fax No.: |
91-260-2677312 |
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Area : |
170000 Sq. ft. |
|
Location : |
Owned |
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|
Factory 2 : |
Palghar, Plot 75, Diwan Industrial Estate, Bidco Road, Mahim Village,
Palghar 401404, Maharashtra, India |
|
Tel. No.: |
91-9525-25254780 |
|
Area : |
50000 Sq. ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 06.08.2012
|
Name : |
Mr. Saifuddin Fakhruddin Qureishi |
|
Designation : |
Managing Director |
|
Address : |
1101, DIAGO D, Sherly Rajan Road, Bandra (West), Mumbai – 400 050,
Maharashtra, India |
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Date of Birth/Age : |
12.05.1964 |
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Date of Appointment : |
05.03.1991 |
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Qualification : |
B. Sc (Physics) |
|
Election Commission Identity Card No.: |
MT/08/036/195568 |
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DIN No.: |
00098955 |
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|
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Name : |
Mr. Rauzat Saifuddin Qureishi |
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Designation : |
Whole time Director |
|
Address : |
1101, DIAGO D, Sherly Rajan Road, Bandra (West), Mumbai – 400 050,
Maharashtra, India |
|
Date of Birth/Age : |
01.03.1967 |
|
Date of Appointment : |
19.06.2000 |
|
Qualification : |
B.A. |
|
Election Commission Identity Card No.: |
MT/08/036/196459 |
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DIN No.: |
00098990 |
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|
|
|
Name : |
Mr. Rakesh Madanlal Nanda |
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Designation : |
Director |
|
Address : |
Navjivan Commercial Building, 3 ‘A’ Wing, 9th Floor, Office
No.20, Mumbai Central (East), Mumbai - 400 008, Maharashtra, India |
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Date of Birth/Age : |
07.08.1962 |
|
Date of Appointment : |
18.05.2006 |
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Qualification : |
C.A. |
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DIN No.: |
00208359 |
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|
|
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Name : |
Mr. Sanjay Khatau Asher |
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Designation : |
Director |
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Address : |
32, Modi Street, Next to GPO, Fort, Mumbai – 400 001, Maharashtra,
India |
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Date of Birth/Age : |
26.11.1964 |
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Date of Appointment : |
18.05.2006 |
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Qualification : |
Solicitor, LLB and C.A. |
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DIN No.: |
00008221 |
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Name : |
Hayashi Shizuka |
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Designation : |
Nominee Director |
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Address : |
4-39-2-102, Tamagawa, Setagaya Ku, Tokyo-1580094 |
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Date of Birth/Age : |
15.10.1957 |
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Date of Appointment : |
18.05.2012 |
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DIN No.: |
03316927 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 06.08.2012
|
Names of Equity Shareholders |
No. of Shares |
|
Saifuddin Fakhruddin Qureishi and Fakhruddin Bakirali Qureishi |
4235942 |
|
Fakhruddin Bakirali Qureishi |
2363882 |
|
Kulsum Fakhruddin Qureishi |
675113 |
|
Rauzat Saifuddin Quereishi |
204879 |
|
Yasmin Minhaz Karachiwala |
20000 |
|
Shabbir Minhaz Karachiwala |
84 |
|
Shireen Saifuddin Qureishi |
100 |
|
TOTAL
|
7500000 |
|
Names of Preference Shareholders |
No. of Shares |
|
Toyoto Tsusho Corporation, Tokyo |
833333 |
|
TOTAL
|
833333 |
AS ON 06.08.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Stacked Transformer Laminations, Cores,
Lifting Slings etc. |
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Products : |
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PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Electrical Lamination, Strips and Cores (Excludes scrap) |
M.T. |
30000.00 |
*28000.817 |
|
Polyester Slings |
Nos. |
60000 |
36343 |
|
Transformers |
KVA |
1250000 |
153 Nos 808815 KVA |
NOTES:
*Includes production on job work basis 4045.397 M. T.
GENERAL INFORMATION
|
Customers : |
· ABB · ALSTOM · Areva · Bharat Bijlee Limited · Bharat Heavy Electricals Limited · Crompton Greaves Limited · ECE Industries Limited · Emco Transformers Limited · IMP Powers Limited · Indotech Transformers (Now part of GE) · Kirloskar Power Equipments Limited · Kanohar Electrical Limited · Schneider Electric · Siemens · Areva · TELK · Transformers and Rectifiers (India) Limited · Vijai Electricals Limited · Voltamp Transformers Limited |
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No. of Employees : |
600 (Approximately) ( In Office + In Factory) |
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Bankers : |
·
Bank of India, Mumbai Large Corporate Branch, Bank
of India Building, 70/80, M G Road, Mumbai-400023, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
A.S. Kanchwalla and Associates Chartered Accountants |
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Address : |
203, |
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Tel. No.: |
91-22-22622802 |
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PAN No.: |
AACPK1107A |
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|
|
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Associates : |
·
Fairco Exports ·
Qureishi Enterprises ·
Shaali Estates (Private) Limited ·
KRYFS Charitable Trust |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs. 150.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8823530 |
Equity Shares |
Rs.10/- each |
Rs. 88.235
Millions |
|
|
|
|
|
AS ON 06.08.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
14150000 |
Equity Shares |
Rs.10/- each |
Rs. 141.500 Millions |
|
850000 |
Preferences Shares |
Rs.10/- each |
Rs. 8.500 Millions |
|
|
TOTAL
|
|
Rs. 150.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
7500000 |
Equity Shares |
Rs.10/- each |
Rs. 75.000
Millions |
|
833333 |
Preferences Shares |
Rs.10/- each |
Rs. 8.333
Millions |
|
|
TOTAL |
|
Rs. 83.333 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 |
|
88.235 |
88.235 |
|
(b) Reserves & Surplus |
|
1522.326 |
1413.805 |
|
(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) |
|
1610.561 |
1502.040 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
53.653 |
50.034 |
|
(c) Other long
term liabilities |
|
1.866 |
2.395 |
|
(d) long-term
provisions |
|
0.777 |
0.258 |
|
Total Non-current
Liabilities (3) |
|
56.296 |
52.687 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
468.524 |
96.823 |
|
(b)
Trade payables |
|
868.591 |
621.878 |
|
(c)
Other current liabilities |
|
66.735 |
74.245 |
|
(d) Short-term
provisions |
|
10.177 |
13.580 |
|
Total Current
Liabilities (4) |
|
1414.027 |
806.526 |
|
|
|
|
|
|
TOTAL |
|
3080.884 |
2361.253 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
489.739 |
505.648 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
83.506 |
32.612 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
10.401 |
15.353 |
|
(c) Deferred tax
assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
21.978 |
15.703 |
|
(e) Other
Non-current assets |
|
5.232 |
4.399 |
|
Total Non-Current
Assets |
|
610.856 |
573.715 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
478.863 |
349.216 |
|
(c)
Trade receivables |
|
1698.400 |
1243.066 |
|
(d) Cash
and cash equivalents |
|
71.862 |
55.090 |
|
(e)
Short-term loans and advances |
|
220.903 |
140.166 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
2470.028 |
1787.538 |
|
|
|
|
|
|
TOTAL |
|
3080.884 |
2361.253 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
88.235 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1176.280 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1264.515 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
2.619 |
|
|
2] Unsecured Loans |
|
|
2.256 |
|
|
TOTAL BORROWING |
|
|
4.875 |
|
|
DEFERRED TAX LIABILITIES |
|
|
42.977 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1312.367 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
503.367 |
|
|
Capital work-in-progress |
|
|
13.756 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
13.041 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
479.262
|
|
|
Sundry Debtors |
|
|
723.633
|
|
|
Cash & Bank Balances |
|
|
51.088
|
|
|
Other Current Assets |
|
|
115.462
|
|
|
Loans & Advances |
|
|
45.006
|
|
Total
Current Assets |
|
|
1414.451 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
523.740 |
|
|
Other Current Liabilities |
|
|
64.505
|
|
|
Provisions |
|
|
44.003
|
|
Total
Current Liabilities |
|
|
632.248
|
|
|
Net Current Assets |
|
|
782.203
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1312.367 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4727.434 |
4080.773 |
3152.932 |
|
|
|
Other Income |
16.990 |
38.979 |
31.829 |
|
|
|
TOTAL (A) |
4744.424 |
4119.752 |
3184.761 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
3957.257 |
3212.550 |
|
|
|
|
Purchases of stock-in-trade |
77.065 |
153.645 |
|
|
|
|
Employee benefit expense |
118.768 |
92.488 |
|
|
|
|
Other expenses |
363.103 |
197.685 |
2888.287 |
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
(19.749) |
8.230 |
|
|
|
|
TOTAL (B) |
4496.444 |
3664.598 |
2888.287 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
247.980 |
455.154 |
296.474 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
42.170 |
47.181 |
16.441 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
205.810 |
407.973 |
280.033 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
42.671 |
40.714 |
34.946 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
163.139 |
367.259 |
245.087 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
54.618 |
124.607 |
81.956 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
108.521 |
242.652 |
163.131 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
438.242 |
363.623 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Final Dividend |
NA |
4.412 |
30.883 |
|
|
|
Tax on Distributed Profits |
NA |
0.716 |
5.129 |
|
|
|
Transfer to General Reserve |
NA |
68.000 |
52.500 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
607.766 |
438.242 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of Exports |
539.595 |
372.572 |
254.936 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
3291.085 |
2334.395 |
|
|
|
|
Stores & Spares |
3.888 |
0.895 |
|
|
|
|
Capital Goods |
15.096 |
1.646 |
|
|
|
TOTAL IMPORTS |
3310.069 |
2336.936 |
1859.239 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
12.30 |
27.50 |
18.49 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.29
|
5.89 |
5.12
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.45
|
9.00 |
7.77
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.46
|
15.87 |
12.78
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.24 |
0.19
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.29
|
0.06 |
0.00
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.75
|
2.22 |
2.24
|
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT MATURITIES OF LONG TERM
DEBT:
|
Particulars |
31.03.2012 [Rs. in millions] |
31.03.2011 [Rs. in millions] |
31.03.2010 [Rs. in millions] |
|
Current
Maturities of Long Term Debt |
0.000 |
0.000 |
NA |
|
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 |
Yes |
|
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 |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
change of address
The Registered Office of the company has been shifted from 101, Classic
Corner, 133,
OPERATING RESULTS AND BUSINESS:
For the year ended
31st March 2012, the company earned total net income of Rs.4744.424 Millions
(Gross income of Rs.5206.115 Millions) as compared to previous year Rs.
4119.752 Millions (Gross income Rs.4481.694 Millions). The Profit before Taxes
was Rs.163.139 Millions as compared to previous year Rs.367.259 Millions.
During the financial year the production of CRGO Cores/Laminations increased in
quantity terms by 12.61 % from 28000 MT (previous year) to 31531 MT.
FIXED ASSETS
·
Land
·
Buildings
·
Furniture and Fixtures
·
Plant and Machinery
·
Electrical Installations
·
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. 60.05 |
|
|
1 |
Rs. 90.71 |
|
Euro |
1 |
Rs. 78.47 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
DPT / TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
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 |
6 |
|
--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 |
|
52 |
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.