MIRA
INFORM REPORT
|
Report Date : |
27.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
STANDARD GREASES AND SPECIALITIES PRIVATE LIMITED (w.e.f. 11.09.2009) |
|
|
|
|
Formerly Known
As : |
STANDARD GREASES (SILVASSA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
101, Khetan Apartment, 233 R B Mehta Marg, Ghatkopar (East),
Mumbai-400077, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
01.10.2007 |
|
|
|
|
Com. Reg. No.: |
11-174642 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.105.900 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U23201MH2007PTC174642 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Lubricating oil and greases |
|
|
|
|
No. of Employees
: |
Information denied by the management |
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 5397000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
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|
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|
Comments : |
Subject is an established company having a moderate track record.
Latest financials of 2012 are not available with us. As per the previous year, there appear a significant increase in the
sales turnover as well as net profitability of the company. Financial
positions seem to be decent. However, trade relations are fair. Business is
active. Payment terms are 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.
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
|
Name : |
Mr. Dhruv Vyas |
|
Designation : |
Director |
|
Contact No.: |
91-22-25013641 |
|
Date : |
26.07.2013 |
LOCATIONS
|
Registered Office : |
101, Khetan Apartment, 233 R B Mehta Marg, Ghatkopar (East),
Mumbai-400077, Maharashtra, India |
|
Tel. No.: |
91-22-25013641 |
|
Fax No.: |
91-22-25010384 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
C-60, T T C Industrial Area, MIDC Turbhe, Navi Mumbai-400 613,
Maharashtra, India |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Durgesh Sanjivrao Chandavarkar |
|
Designation : |
Director |
|
Address : |
502, Sea Nymph, Green Field Estate, A B Nair Road, Mumbai-400049,
Maharashtra, India |
|
Date of Birth/Age : |
07.02.1942 |
|
Date of Appointment : |
01.10.2007 |
|
DIN No.: |
00176277 |
|
|
|
|
Name : |
Mr. Vinod Somalal Vyas |
|
Designation : |
Director |
|
Address : |
Flat No.903, Nandadevi, Neelkanth Valley, 7 Rajawadi Road, Ghatkopar
(East), Mumbai-400077, Maharashtra, India |
|
Date of Birth/Age : |
15.03.1950 |
|
Date of Appointment : |
01.10.2007 |
|
DIN No.: |
00176206 |
|
|
|
|
Name : |
Mr. Haresh Somalal Vyas |
|
Designation : |
Director |
|
Address : |
Block No.23A, Sindhu Baug, Tilak Road, Ghatkopar (East),
Mumbai-400077, Maharashtra, India |
|
Date of Birth/Age : |
05.11.1955 |
|
Date of Appointment : |
01.10.2007 |
|
DIN No.: |
00181054 |
|
|
|
|
Name : |
Mr. Dhruv Somalal Vyas |
|
Designation : |
Director |
|
Address : |
701A, Kukreja Palace, Valabh Baug Extension Lane, Ghatkopar (East),
Mumbai-400077, Maharashtra, India |
|
Date of Birth/Age : |
22.06.1959 |
|
Date of Appointment : |
05.10.2007 |
|
DIN No.: |
00177088 |
|
|
|
|
Name : |
Mr. Ketan Vyas Vinod |
|
Designation : |
Director |
|
Address : |
Flat No.903, Nandadevi, Neelkanth Valley, 7 Rajawadi Road, Ghatkopar
(East), Mumbai-400077, Maharashtra, India |
|
Date of Birth/Age : |
21.06.1974 |
|
Date of Appointment : |
05.10.2007 |
|
DIN No.: |
00181237 |
|
|
|
|
Name : |
Mr. Bharat Chunilal Vyas |
|
Designation : |
Director |
|
Address : |
25, Shankar Nagar, Tilak Road, Ghatkopar (East), Mumbai-400077,
Maharashtra, India |
|
Date of Birth/Age : |
08.04.1961 |
|
Date of Appointment : |
05.10.2007 |
|
DIN No.: |
00182259 |
|
|
|
|
Name : |
Mr. Vijay Chunilal Vyas |
|
Designation : |
Director |
|
Address : |
6, Mahendra Villa, Tilak Road, Ghatkopar (East), Mumbai-400077, Maharashtra,
India |
|
Date of Birth/Age : |
30.07.1959 |
|
Date of Appointment : |
05.10.2007 |
|
DIN No.: |
00176656 |
|
|
|
|
Name : |
Mr. Kapil Vinod Vyas |
|
Designation : |
Director |
|
Address : |
Flat No.903, Nandadevi, Neelkanth Valley, 7 Rajawadi Road, Ghatkopar
(East), Mumbai-400077, Maharashtra, India |
|
Date of Birth/Age : |
21.10.1978 |
|
Date of Appointment : |
05.10.2007 |
|
DIN No.: |
00486031 |
|
|
|
|
Name : |
Mr. Nirmal Ramdas Ruparel |
|
Designation : |
Director |
|
Address : |
202, A2A, Mahdendra Park, Palghar Road, Boisar, MIDC Tarapur,
Thane-401501, Maharashtra, India |
|
Date of Birth/Age : |
01.01.1954 |
|
Date of Appointment : |
05.10.2007 |
|
DIN No.: |
00176838 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
No. of Shares |
|
Vinod Somalal Vyas |
1652723 |
|
Dhruv Somalal Vyas |
1384560 |
|
Bharat Chunilal Vyas |
691815 |
|
Nirmal Ramdas Ruparel |
319008 |
|
Ketan Vyas Vinod |
633019 |
|
Kapil Vinod Vyas |
617426 |
|
Vijay Chunilal Vyas |
643169 |
|
Durgesh Sanjivrao Chandavarkar |
1415088 |
|
Haresh Somalal Vyas |
1241816 |
|
Sunita S Ruparel |
127837 |
|
Nandini D Chandavarkar |
901391 |
|
Alok Bharat Parekh |
1 |
|
Avni Bharat Parekh |
1 |
|
Bharat Chimanlal Parekh |
1 |
|
Geeta Bharat Parekh |
1 |
|
Amit Mallapur |
1 |
|
Jiten G Goswani |
1 |
|
N Raghunathan |
1 |
|
N Raghunathan HUF |
1 |
|
Pradyumna Goawami |
1 |
|
R Syamla |
1 |
|
Vinod Shah |
1 |
|
Suketu Trivedi |
1 |
|
Asha Bipin Pandya |
1 |
|
Bindu Vijay Vyas |
143142 |
|
Ila Harsh Vyas |
308830 |
|
Kundan Bharat Vyas |
92103 |
|
Hemangini Dhruv Vyas |
33720 |
|
Manjula Somala Vyas |
132360 |
|
Chhaya Vinod Vyas |
184680 |
|
Priya D Chandavarkar |
67300 |
|
TOTAL
|
10590000 |
AS ON 28.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Lubricating oil and greases |
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Products : |
|
PRODUCTION STATUS (As on: 31.03.2010)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
|
Greases |
MTs |
42000 |
42000 |
|
Lubricating Oils |
KLs |
275000 |
275000 |
|
Wind Mill Power |
MWs |
4.5 |
4.5 |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management |
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|
Bankers : |
·
Citii Bank NA, Bandra Kurla Complex, Bandra
(East), Mumbai-400051, Maharashtra, India ·
Kotak Mahindra Bank Limited, 36-38A, Nariman
Bhavan, 227 D, Nariman Point, Mumbai-400021, Maharashtra, India |
|||||||||||||||||||||
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|||||||||||||||||||||
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Facilities : |
|
|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mody and Company Chartered Accountant |
|
Address : |
111-113, Sindh Cloth
Market, 2nd Floor Vithalwadi, Kalbadevi Road. Mumbai-400002, Maharashtra,
India |
|
Tel. No.: |
91-22-22404742/ 22406254 |
|
PAN No.: |
AABFM0677J |
|
|
|
|
Associates : |
· S.G. Transport · Atlantic
Lubricants and Specialist Private Limited · CIN No : U23201MH2002PTC138368 · · Royal Castor
Products Limited CIN No.: U74999GJ1994PLC022829 |
|
|
|
|
Subsidiaries : |
Standard Green Bio-Energy Private Limited CIN No.: U40107MH2007PTC176232 |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
Rs.10/- each |
Rs. 120.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10590000 |
Equity Shares |
Rs.10/- each |
Rs. 105.900
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 |
105.900 |
105.900 |
105.900 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1243.435 |
831.494 |
502.276 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1349.335 |
937.394 |
608.176 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
686.131 |
638.490 |
387.844 |
|
|
2] Unsecured Loans |
207.604 |
220.088 |
208.655 |
|
|
TOTAL BORROWING |
893.735 |
858.578 |
596.499 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2243.070 |
1795.972 |
1204.675 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
227.456 |
179.636 |
189.604 |
|
|
Capital work-in-progress |
10.226 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
471.834 |
465.344 |
364.522 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
654.196
|
415.859 |
149.003 |
|
|
Sundry Debtors |
788.907
|
592.449 |
385.322 |
|
|
Cash & Bank Balances |
44.379
|
74.627 |
33.907 |
|
|
Other Current Assets |
0.265
|
0.386 |
336.686 |
|
|
Loans & Advances |
724.519
|
512.040 |
7.770 |
|
Total
Current Assets |
2212.266
|
1595.361 |
912.688 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
156.940
|
106.181 |
76.337 |
|
|
Other Current Liabilities |
26.726
|
18.547 |
7.824 |
|
|
Provisions |
495.046
|
319.641 |
177.978 |
|
Total
Current Liabilities |
678.712
|
444.369 |
262.139 |
|
|
Net Current Assets |
1533.554
|
1150.992 |
650.549 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2243.070 |
1795.972 |
1204.675 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
6786.089 |
5587.741 |
|
|
|
Other Income |
|
61.798 |
17.816 |
|
|
|
TOTAL (A) |
8007.900 |
6847.887 |
5605.557 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Processing and Operation Expenses |
|
5981.872 |
4981.273 |
|
|
|
Wages and Salaries |
|
71.280 |
44.167 |
|
|
|
Sales, Administrative and Other Expenses |
|
97.722 |
60.715 |
|
|
|
TOTAL (B) |
7293.000 |
6150.874 |
5086.155 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
714.900 |
697.013 |
519.402 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
68.500 |
61.282 |
62.267 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
646.400 |
635.731 |
457.135 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
33.600 |
111.171 |
53.028 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
612.800 |
524.560 |
404.107 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
176.300 |
182.994 |
103.831 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
436.500 |
341.566 |
300.276 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
568.700 |
274.600 |
8.200 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
General Reserve |
70.000 |
35.000 |
21.500 |
|
|
|
Proposed Dividend |
21.100 |
10.600 |
10.590 |
|
|
|
Tax on Proposed Dividend |
3.400 |
1.800 |
1.800 |
|
|
BALANCE CARRIED TO
THE B/S |
910.700 |
568.766 |
274.586 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export on FOB Basis |
182.129 |
243.456 |
NA |
|
|
TOTAL EARNINGS |
182.129 |
243.456 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
32.444 |
114.298 |
NA |
|
|
TOTAL IMPORTS |
32.444 |
114.298 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
41.22 |
32.25 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
5.45
|
4.99 |
5.36 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
7.73 |
7.23 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
25.12
|
29.55 |
36.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.45
|
0.56 |
0.66 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.66
|
0.92 |
0.98 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.26
|
3.59 |
3.48 |
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 |
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 |
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 |
|
Unsecured Loan |
Rs.
In Millions 31.03.2011 |
Rs.
In Millions 31.03.2010 |
|
Loans directors unsecured |
96.113 |
115.534 |
|
Other debt unsecured |
111.491 |
104.554 |
|
|
|
|
|
TOTAL |
207.604 |
220.088 |
CURRENT MATURITIES
OF LONG TERM DEBT
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Current Maturities of Long Term Debt |
NA |
NA |
NA |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
VIEW
INDEX OF CHARGES
|
S.
No. |
Charge
ID |
Date
of Charge Creation / Modification |
Charge
amount secured |
Charge
Holder |
Address
|
Service
Request Number (SRN) |
|
1 |
10234477
|
21/03/2012
* |
540,000,000.00
|
KOTAK
MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D,
NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B36853224
|
|
2 |
10159296
|
05/05/2009
|
255,000,000.00
|
KOTAK
MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI,
MAHARASHTRA - 400021, INDIA |
A62936562
|
|
3 |
10113347
|
29/02/2008
|
126,000,000.00
|
ICICI
BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT -
390015, INDIA |
A38043832
|
|
4 |
10087071
|
30/03/2011
* |
490,000,000.00
|
CITIBANK
N. A. |
TRENT HOUSE, 2ND FLOOR, G BLOCK, PLOT NO.C60, BANDRA KURLA
COMPLEX, BANDRA (E), MUMBAI,
MAHARASHTRA |
B10811396
|
|
* Date of charge modification |
||||||
OUTLOOK
While 2010-11 has
been a year of high economic growth in India but the quarterly growth figures
have been declining. Inflation rates have risen and Reserve Bank of India have initiated
measures to curb inflation. The resulting high interest rates, tighter credit
regimes and higher fuel costs will dampen consumer demand for a range of
consumer products including automobiles. However, the company has planned for
growth in tandem with the expected growth in the user industry. The outlook
seems to be cautiously optimistic for the current year as well as the next
year.
FIXED ASSETS
· Land
· Building
· Plant and Machinery
· Office Equipments
· Factory Equipments
· Computer Equipments
· Furniture and Fixtures
· Vehicles
· Computer Software
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 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] 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. 58.91 |
|
|
1 |
Rs. 90.67 |
|
Euro |
1 |
Rs. 78.21 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
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.