MIRA INFORM REPORT
|
Report Date : |
20.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
YEGNA MANOJAVAM DRUGS AND CHEMICALS LIMITED |
|
|
|
|
Registered
Office : |
1-2-59/1, Plot No. M-14/1, Kakatiya Nagar, Habsiguda, Hyderabad –
500007, Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
22.08.2003 |
|
|
|
|
Com. Reg. No.: |
041563 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 57.889 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24239AP2003PLC041563 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Pharmaceutical Drugs. |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 750000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
management has failed to file the financial for the year 2012 with the
government department. As per the previous year’s the performance of the company seems to be
good. Trade relations are reported to be fair. Business is active. Payments
are reported to be unknown. The company can be considered for business dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. S Murthy |
|
Designation : |
Finance Department |
|
Contact No.: |
91-40-27151237 |
|
Date : |
20.07.2013 |
LOCATIONS
|
Registered Office / Administrative Office : |
1-2-59/1, Plot No. M-14/1, Kakatiya Nagar, Habsiguda, Hyderabad –
500007, Andhra Pradesh, India |
|
Tel. No.: |
91-40-27151237 |
|
Mobile No.: |
91-8886567812 (Mr. S Murthy) |
|
Fax No.: |
91-40-27151037 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
S.Y No. 506 and 507, D Nagaram Koyyalaguden Village, Choutuppal,
Nalgonda Dt, Andhra Pradesh, India |
|
Tel. No.: |
91-8694-278540/1/2/3 |
|
E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Lakshmi Yegna Poornananda Sastry Rangavajhala |
|
Designation : |
Managing Director |
|
Address : |
12-159/1, Block #MM14/1, Kaka Tiya Nagar, Habsiguda, Hyderabad –
500007, Andhra Pradesh, India |
|
Date of Birth/Age : |
01.04.1968 |
|
Date of Appointment : |
22.08.2003 |
|
PAN No.: |
ADWPR3542H |
|
DIN No.: |
00930092 |
|
|
|
|
Name : |
Mr. Koneru Naga Jagadeesh Kumar |
|
Designation : |
Whole time Director |
|
Address : |
Flat # 6-6-78/13/2, 3rd Floor, Devi Complex, Devi
nagar, Kavadiguda, Secunderabad –
500080, Andhra Pradesh, India |
|
Date of Birth/Age : |
05.05.1973 |
|
Date of Appointment : |
29.09.2007 |
|
PAN No.: |
ALGPK3026P |
|
DIN No.: |
02089935 |
|
|
|
|
Name : |
Mr. Nagesh Sayaji Rao Walimbe |
|
Designation : |
Additional Director |
|
Address : |
Plot #35, Sriswami Ayyappa, Co-Operative Housing Society, Madhapur, Hyderabad
– 500033, Andhra Pradesh, India |
|
Date of Birth/Age : |
03.03.1955 |
|
PAN No.: |
AALPW2104N |
|
Date of Appointment : |
25.04.2010 |
|
DIN No.: |
00236578 |
|
|
|
|
Name : |
Naga Venkata Padmini Devi Simhadri |
|
Designation : |
Whole time Director |
|
Address : |
Plot # 145, Prashasan Nagar, Road # 72, Jubilee Hills, Hyderabad –
500033, Andhra Pradesh, India |
|
Date of Birth/Age : |
10.04.1963 |
|
Date of Appointment : |
01.09.2010 |
|
DIN No.: |
03161592 |
KEY EXECUTIVES
|
Name : |
Mr. S Murthy |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
SHAREHOLDING DETAIL FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Category |
Percentage |
|
Bodies corporate |
4.08 |
|
Directors or relatives of Directors |
68.89 |
|
Other |
27.03 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pharmaceutical Drugs. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Credit |
||||
|
|
|
||||
|
Purchasing : |
Credit and Depend |
PRODUCTION STATUS (as on 31.03.2010)
|
Particulars |
Installed
Capacity |
|
Acryl ate |
180 |
|
Cipro Q – Acid |
660 |
|
Nor – Q – Acid |
0 |
|
Fluconozole base |
0 |
|
Ciprofloxcin / Metformin |
360/1000 |
|
Tremadol Nitrate Salt |
36 |
|
Dicap |
360 |
|
TDS |
144 |
|
Levo Citrizen |
15 |
GENERAL INFORMATION
|
Customer: |
End Users |
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
Not Divulged |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
State Bank of India, industrial Finance Branch, Raj Bhavan Road,
Somajiguda, Hyderabad – 500082, Andhra Pradesh, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Financial Institution: |
Andhra Pradesh State Financial Corporation, 5-9-194, Chirag Ali Lane,
P.B No. 165, Hyderabad – 500001, Andhra Pradesh, India |
|
|
|
|
Auditors : |
|
|
Name : |
P. Murali and Company Chartered Accountants |
|
Address : |
6-3-655/2/3, I Floor, Somajiguda, Hyderabad – 500482, Andhra Pradesh,
India |
|
Tel No.: |
91-40-23326666/23312554/23393967/23321470 |
|
Fax No.: |
91-40-23392474 |
|
Email: |
|
|
Website: |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADFP2033K |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs. 70.000 Millions |
|
3000000 |
Preference Shares |
Rs.10/- each |
Rs. 30.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 70.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5788894 |
Equity Shares |
Rs.10/- each |
Rs. 57.889
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
57.889 |
48.979 |
44.529 |
|
|
2] Share Application Money |
0.000 |
8.149 |
11.657 |
|
|
3] Reserves & Surplus |
128.758 |
88.739 |
60.068 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
186.647 |
145.867 |
116.254 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
218.032 |
187.489 |
191.908 |
|
|
2] Unsecured Loans |
22.884 |
20.351 |
3.455 |
|
|
TOTAL BORROWING |
240.916 |
207.840 |
195.363 |
|
|
DEFERRED TAX LIABILITIES |
7.889 |
7.230 |
7.143 |
|
|
Other Liabilities |
47.310 |
8.134 |
18.800 |
|
|
|
|
|
|
|
|
TOTAL |
482.762 |
369.071 |
337.560 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
160.668 |
159.685 |
172.456 |
|
|
Capital work-in-progress |
34.764 |
2.761 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
194.394
|
155.200
|
119.878
|
|
|
Sundry Debtors |
168.982
|
128.795
|
39.238
|
|
|
Cash & Bank Balances |
6.113
|
1.071
|
0.435
|
|
|
Other Current Assets |
30.519
|
30.310
|
82.507
|
|
|
Loans & Advances |
28.216
|
30.998
|
14.132
|
|
Total
Current Assets |
428.224
|
346.374
|
256.190
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
119.115
|
128.423
|
80.831
|
|
|
Other Current Liabilities |
0.000
|
0.000
|
4.765
|
|
|
Provisions |
22.880
|
12.670
|
7.486
|
|
Total
Current Liabilities |
141.995
|
141.093
|
93.082
|
|
|
Net Current Assets |
286.229
|
205.281
|
163.108
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
1.101 |
1.344 |
1.996 |
|
|
|
|
|
|
|
|
TOTAL |
482.762 |
369.071 |
337.560 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
957.418 |
763.099 |
429.458 |
|
|
|
Other Income |
15.771 |
18.977 |
0.368 |
|
|
|
TOTAL (A) |
973.189 |
782.076 |
429.826 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
700.125 |
566.378 |
|
|
|
|
Manufacturing service costs |
153.393 |
116.719 |
|
|
|
|
Administrative selling other expenses |
18.430 |
17.519 |
|
|
|
|
TOTAL (B) |
871.948 |
700.616 |
374.569 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
101.241 |
81.460 |
55.257 |
|
|
|
|
|
|
28.965 |
|
|
Less |
FINANCIAL
EXPENSES (D) |
44.007 |
34.391 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
57.234 |
47.069 |
26.292 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
22.651 |
20.883 |
18.008 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
34.583 |
26.186 |
8.284 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
7.929 |
4.190 |
2.876 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
26.654 |
21.996 |
5.408 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
49.778 |
27.782 |
22.374 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
76.432 |
49.778 |
27.782 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
53.993 |
0.000 |
|
|
TOTAL IMPORTS |
NA |
53.993 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.60 |
4.49 |
1.21 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.74
|
2.81 |
1.26 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.61
|
3.43 |
1.93 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.08
|
7.56 |
3.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
0.18 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.29
|
1.42 |
1.68 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.02
|
2.45 |
2.75 |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
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 |
No |
|
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 |
FINANCIAL RESULTS:
During year, the Company achieved income from operations/others to the
tune of Rs 957.876 Millions against Rs.763.813 Millions achieved during
previous year, there by registering a growth of about 20.26% during the year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2011 (Rs.
in Millions) |
31.03.2010 (Rs.
in Millions) |
|
Working capital loans financial institutions unsecured |
0.000 |
12.940 |
|
Other debt unsecured |
22.884 |
7.411 |
|
Total |
22.884 |
20.351 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U24239AP2003PLC041563 |
|
Name of the
company |
YEGNA MANOJAVAM DRUGS
AND CHEMICALS LIMITED |
|
Address of the
registered office or of the principal place of business in |
1-2-59/1, Plot No. M-14/1, Kakatiya Nagar, Habsiguda, Hyderabad –
500007, Andhra Pradesh, India Email: santosh@ymdrugs.com |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10013096 |
|
Type of charge |
·
Immovable
property ·
Any interest in
immovable property ·
Book debts ·
Movable
property (not being pledge) ·
Floating charge ·
Pledge of
shares |
|
Particular of
charge holder |
CIN: U24239AP2003PLC041563 State Bank of India, industrial Finance Branch, Raj Bhavan Road,
Somajiguda, Hyderabad – 500082, Andhra Pradesh, India Email: sbi.09103@sbi.co.in |
|
Nature of
instrument creating charge |
01. Restructuring
Package Agreement 02. Sanction
Letter 20.03.2013 03. C-10-
Memorandum of Creation of Further charge 04. C-1A -
Supplemental Agreement for Decrease/Increse in Overall Limit 05.
C-2A-Supplemental Agreement of Hypothecation of Goods and assets for
Increase/Decrease in the Overall Limit 06.C 4A-
Supplemental Deed of Guarantee for increase/decrease in Overall Limit 07.c-5 Letter regarding
the grant of Individual limits within the overall limit 08 Agreement for
pledge of shares |
|
Date of
instrument Creating the charge |
25.03.2013 |
|
Amount secured by
the charge |
Rs.547.700
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest CC-1.00% above
Base Rate% WCTL-1.00% above
Base Rate FITL-1.00% above
Base Rate Terms of
Repayment WC - On demand WCTL- 24
quarterly Installments as follows; Q4 of 2014-15- Rs.4.000 Millions, 2015-16
- Rs. 4.000 Millions (1.000 Millions /quarter), 2016-17-Rs.6.000 Millions
(1.500 Millions /quarter), 2017-18-
Rs. 32.000 Millions (8.000 Millions /quarter), 2018-19- Rs. 40.000 Millions (10.000 Millions
/quarter), 2019-20- Rs. 60.000
Millions (15.000 Millions /quarter),2020-21-
Rs. 74.000 Millions (18.500 Millions /quarter) FITL- 24 Qtrly
Instal as follows; Q4 2.000 Millions
(2014-15) 2015-16-Rs.2.000Millions, 2016-17-Rs.0.40 Cr,2017-18-Rs.12.000
Millions, 2018-19-Rs.16.000 Millions, 2019-20- Rs.26.000 Millions,
2020-21-Rs.12.200 Millions Margin Raw
Material-15%,Finished Goods-15%, SIP-25%, Receivables(Cover up to 180
days)-15%,BG-5%, LC-5% Extent and
Operation of the charge The Credit Facilities
of Rs. 547.700 Millions and CC- Rs.170.000 Millions, LC- Rs.40.000 Millions,
WCTL-Rs.220.000 Millions, FITL-Rs.74.200 Millions, BG-Rs.40.000 Millions,
Credit Exposure : 3.500 Millions Totalling Rs. 547.700 Millions Others Cash Deposit as
fixed deposit : Rs.7.500 Millions; Rs.1.700 Millions; Pledge of 18,28,116
shares with a face value Rs.10/- each of the company belonging to promoters
and Personal guarantee of Shri Rlyp Sastry, K N Jagdeesh Kumar, R V Raja Ram,
R.Bhanu Prasad, R.Srinivas, Smt SNV Padmini Devi and personal guarantee
restricted to the extent of value of property offered viz., V.Babu Rao, R V S
Sastry, SMT A.Sarwani, R.Krishna
Sundaram, K V Narasimha Rao and Oruganti Ramulu |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
pari-passu first
charge on the entire current assets of the company along with IOB Paripasu
1st charge on fixed assets of the company on FITL of Rs.74.200 Millions
Paripasu 2nd charge on FA of Company Personal
Guarantees of Dr. RLYP Sastry, Sri K.N.Jagadeesh Kumar, Sri
R.V.Rajaram,Sri.R.Bhanu Prasad,Sri.R.Srinivas,Smt.SNV Padmini Devi,PG of
other property holders is restricted to value of property. pledge of
Rs.18,28,116 Equity shares @10/- each of the company EM on House
bearing No.11-10-11, TS. No. 207/8 and 204/5 belonging to Mr. V Baburao
situated at Captain Vijay Prasad Road Chenchupet Tenali. Extent: 302.50 sq.
yds Sale Deed No.3066/85 dated 3.07.1985 EM on House
bearing No 14-29/42 Sy No. 445/3 belonging to Mr. RVS Sastry situated at
Morrispet Tenali. Extent: 366.00 sq. yds H. No. 1-10-27
belonging to Smt A.Sarwani situated at Sy.No.198 to 203 part Bhavani Nagar
Dwarakapuram Dilsuknagar Hyderabad.273.00 sq. yds Sale Deed No. 437/1977
dated 5.02.1977 Residential plot
S.no.52 and 53 Saradhinagar Avilal village Tirupati belonging to Sri
R.L.Y.P.Sastry. Extent: 513.50 sq. yds Sale Deed No. 2076/03 Dated. 9.04.2003 Residential flat
bearing No. S2 (Door No. 17/83/S2) in second floor of Parvathi Devi Residency
Complex, Plot No. 5 in Sy. No. 57 belonging to Shri R. Bhanu Siva Prasad Flat bearing No.
304 in Sri Vathsa Residency, Plot No. 11 and 12, in Sy. No. 66/3, belonging
to Shri R. Srinivas s/o RVS. Sastry situated at Shiva Ganga Colony,
Mansoorabad Village, Saroornagar Mandal and properties |
|
Date of
instrument modifying the charge |
02.07.2012 |
|
Particulars of
the present modification |
The amount of
credit facilities decreased from the existing limit to and amount of Rs.
547.700 Millions mentioned in the sanction letter dated 20.03.2013 |
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 records 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 records 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] 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.59.80 |
|
|
1 |
Rs.91.03 |
|
Euro |
1 |
Rs.78.52 |
INFORMATION DETAILS
|
Report Prepared
by : |
KVT |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--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.