1. Summary Information
|
Country |
India |
||
|
Company Name |
AMCOR FLEXIBLES INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Anant Madhav Gadre |
|
Status |
Moderate |
Principal Name 2 |
Mr. Sanjeev Kumar Dhiman |
|
Registration # |
11-166397 |
||
|
Street Address |
403 IVY Centre, 4 Prabhat Nagar, Jogeshwari (West), Mumbai-400102,
Maharashtra, India |
||
|
Established Date |
21.12.2006 |
SIC Code |
-- |
|
Telephone# |
91-22-30045231 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-30045232 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Aluminium Foils |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 877,503,650/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings - 100.00% |
Banking |
Standard
Chartered Bank |
|
Public Limited Corp. |
No |
Business Period |
7 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ca
(17) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding company |
Singapore |
Amcor Singapore Pte. Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
305,348,000 |
Current Liabilities |
325,236,000 |
|
Inventories |
211,172,000 |
Long-term Liabilities |
644,107,000
|
|
Fixed Assets |
471,142,000 |
Other Liabilities |
8,658,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
978,001,000 |
|
Invest & other Assets |
734,000 |
Retained Earnings |
0,000 |
|
|
|
Net Worth |
10,395,000 |
|
Total Assets |
988,396,000 |
Total Liab. & Equity |
988,396,000 |
|
Total Assets (Previous Year) |
851,767,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales (Total Income) |
1754,857,000 |
Net Profit |
(44,468,000) |
|
Sales (Previous Year) (Total Income) |
1240,141,000 |
Net Profit
(Previous Year) |
(105,257,000) |
MIRA INFORM REPORT
|
Report Date : |
11.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
AMCOR FLEXIBLES INDIA PRIVATE LIMITED (w.e.f. 03.01.2011) |
|
|
|
|
Formerly Known
As : |
ALCAN INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
403 IVY Centre, 4 Prabhat Nagar, Jogeshwari (West), Mumbai-400102,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
21.12.2006 |
|
|
|
|
Com. Reg. No.: |
11-166397 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 877.504 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27203MH2006FTC166397 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA29188F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCA0510J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Aluminium Foils. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (17) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is subsidiary of ‘Amcor’ Singapore Pte. Limited.’ It is an
established company having a moderate track record. It has been incurring losses from its operations past some years.
There appear huge accumulated losses recorded by the company which appears to
be increasing over years. The financial position of the company is under severe pressure. However, trade relations are reported as fair. Business is active.
Payments terms are slow. The company can be considered for business dealings on a safe and
secured trade terms and conditions. |
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 / Sales Office 1 : |
403 IVY Centre, 4 Prabhat Nagar, Jogeshwari (West), Mumbai-400102, Maharashtra,
India |
|
Tel. No.: |
91-22-30045231 91-2135-259271 |
|
Mobile No.: |
91-9004391152 (Mr. Mukesh) |
|
Fax No.: |
91-22-30045232 / 30045230 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Gat No 222 / 152A, Chakan-Talegaon Road, Mahalunge, Taluka Khed
District, Pune-410501, Maharashtra, India |
|
Tel No.: |
91-2135-259598 |
|
Fax No.: |
91-2135-259271 |
|
|
|
|
Factory 2 : |
Plot No. F1, Sector-7, IIE, SIDCUL Haridwar – 249403, Uttarakhand,
India |
|
Tel No.: |
91-1334-239830 |
|
Fax No.: |
91-1334-239456 |
|
|
|
|
Factory 3 : |
Plot No 36-37, 51-54, Silver Industrial Estate, Bhimpore, Daman-396210, Daman and Due,
India |
|
Tel No.: |
91-260-6610601 / 6610606 |
|
Fax No.: |
91-260-6610619 |
|
|
|
|
Factory 4 / Sales Office 2: |
Gat No. 119-123, Alandi-Markal Roa Village Dhanore, Taluka Khed,
Pune-412105, Maharashtra, India |
|
Tel No.: |
91-2135-232537 |
|
|
|
|
Sales Office 3 : |
6th Floor, Technopolis, Sector 54 DLF Golf Course Road,
Gurgaon-122002, Haryana, India |
|
Tel. No.: |
91-124-4626331 |
|
Fax No.: |
91-124-4626273 |
|
|
|
|
Sales Office 4 : |
C-519, Sector-19, Noida-201301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-2524781 |
|
Fax No.: |
91-120-2524067 |
|
|
|
|
Branch Offices : |
Located At: · Bangalore · Hyderabad · Haridwar |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Anant Madhav Gadre |
|
Designation : |
Director |
|
Address : |
Flat No. 102, Building 2b, Rajgiri, Siddhachal Complex, Off Pokharan
Road No. 2, Thane (West)-400601, Maharashtra, India |
|
Date of Birth/Age : |
24.03.1965 |
|
Qualification : |
BE (Mech), MMS |
|
Date of Appointment : |
07.02.2008 |
|
Experience : |
22 Years |
|
PAN No.: |
ADJPG6740R |
|
DIN No.: |
01963880 |
|
|
|
|
Name : |
Mr. Sanjeev Kumar Dhiman |
|
Designation : |
Director |
|
Address : |
19 Swaran Villa, Yogi Vihar Jwalapur, Haridwar-249407,
Uttarakhand, India |
|
Date of Birth/Age : |
05.08.1971 |
|
Qualification : |
CA, ICWA, CS, PGDIB |
|
Date of Appointment : |
27.09.2011 |
|
Experience : |
16 Years |
|
PAN No.: |
ABBPD3370L |
|
DIN No.: |
02796730 |
|
|
|
|
Name : |
Mr. Andrew John Terry |
|
Designation : |
Director |
|
Address : |
No. 15, Lorong Selangat, Singapore 358708 |
|
Date of Birth/Age : |
21.05.1969 |
|
Date of Appointment : |
15.10.2010 |
|
DIN No.: |
03474186 |
|
|
|
|
Name : |
Mr. Ralf Klaus Wunderlich |
|
Designation : |
Director |
|
Address : |
5 Woollerton Park, Woollerton Park,
Singapore 257513 |
|
Date of Birth/Age : |
24.03.1966 |
|
Date of Appointment : |
15.10.2010 |
|
DIN No.: |
03474198 |
KEY EXECUTIVES
|
Name : |
Mr. Sanjeev Kumar Dhiman |
|
Designation : |
Secretary |
|
Address : |
19 Swaran Villa, Yogi Vihar Jwalapur, Haridwar-249407, Uttarakhand,
India |
|
Date of Birth/Age : |
05.08.1971 |
|
Date of Appointment : |
13.07.2010 |
|
PAN No.: |
ABBPD3370L |
|
|
|
|
Name : |
Mr. Mukesh |
|
Designation : |
Sales Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Amcor Singapore Private Limited, Singapore |
|
87750364 |
|
Amcor Holdings (Australia) Pty Limited, Australia |
|
1 |
|
Total |
|
87750365 |
Allottees as on 20.10.2012
|
Names of Allottees |
|
No. of Shares |
|
Amcor Singapore Private Limited, Singapore |
|
12172695 |
|
Total |
|
12172695 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Aluminium Foils. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Standard Chartered Bank, Goregaon (East), Mumbai, Maharashtra, India Tel. No.: 91-22-66014444 |
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
252,
Veersawarkar Marg, Shivaji Park, Dadar (West), Mumbai-400028, Maharashtra,
India |
|
PAN.: |
AAEFP5579P |
|
|
|
|
Holding company
: |
|
|
|
|
|
Ultimate Holding
company : |
|
|
|
|
|
Fellow
Subsidiary company : |
CIN No.: U25207PN1995PTC108220
|
CAPITAL STRUCTURE
After 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120000000 |
Equity Shares |
Rs.10/- each |
Rs.1200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
99923060 |
Equity Shares |
Rs.10/- each |
Rs. 999.231
Millions |
|
|
|
|
|
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120000000 |
Equity Shares |
Rs.10/- each |
Rs.1200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
87750365 |
Equity Shares |
Rs.10/- each |
Rs.877.504
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
877.504 |
877.504 |
752.211 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.199 |
|
|
4] (Accumulated Losses) |
(867.109) |
(822.641) |
(717.583) |
|
|
NETWORTH |
10.395 |
54.863 |
34.827 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
644.107 |
443.474 |
537.087 |
|
|
TOTAL BORROWING |
644.107 |
443.474 |
537.087 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
654.502 |
498.337 |
571.914 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
471.142 |
431.345 |
462.921 |
|
|
Capital work-in-progress |
0.734 |
0.073 |
4.876 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
211.172
|
138.320
|
109.559
|
|
|
Sundry Debtors |
173.912
|
167.399
|
108.173
|
|
|
Cash & Bank Balances |
32.371
|
26.857
|
33.004
|
|
|
Other Current Assets |
15.611 |
8.071 |
0.000 |
|
|
Loans & Advances |
83.454
|
79.702
|
46.158
|
|
Total
Current Assets |
516.520
|
420.349
|
296.894
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
214.095
|
220.283
|
181.457
|
|
|
Other Current Liabilities |
111.141
|
124.462
|
6.235
|
|
|
Provisions |
8.658
|
8.685
|
5.085
|
|
Total
Current Liabilities |
333.894
|
353.430
|
192.777
|
|
|
Net Current Assets |
182.626
|
66.919
|
104.117
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
654.502 |
498.337 |
571.914 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
|
1240.141 |
706.773 |
|
|
|
Operating Income |
|
|
0.000 |
|
|
|
Other Income |
|
|
11.708 |
|
|
|
TOTAL |
1754.857 |
1240.141 |
718.481 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
531.725 |
|
|
|
Manufacturing Expenses |
|
|
85.133 |
|
|
|
Personnel Cost |
|
|
56.895 |
|
|
|
Administrative Expenses |
|
|
0.000 |
|
|
|
Other Expenses |
|
|
360.500 |
|
|
|
TOTAL |
|
|
1034.253 |
|
|
|
1799.325 |
1345.398 |
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(Including Financial
Expenses and Depreciation) |
(Including
Financial Expenses and Depreciation) |
(315.772) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
41.293 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND
AMORTISATION |
|
|
(357.065) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
84.038 |
|
|
|
|
|
|
|
|
|
|
Prior Period
Income and Expenditures |
|
|
(0.758) |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(44.468) |
(105.257) |
(440.345) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(44.468) |
(105.257) |
(440.345) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(822.839) |
(717.582) |
(277.237) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(867.307) |
(822.839) |
(717.582) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
NA |
NA |
4.264 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
|
|
|
135.195 |
|
|
|
Stores & Spares |
NA |
NA |
0.688 |
|
|
|
Capital Goods |
|
|
47.816 |
|
|
TOTAL IMPORTS |
NA |
NA |
183.699 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(0.51) |
(1.20) |
(5.86) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(2.53)
|
(8.49)
|
(61.28)
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
(62.30)
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(50.73)
|
(12.36)
|
(57.95)
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(4.28)
|
(1.92)
|
(12.64)
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
61.96
|
8.08
|
15.42
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.55
|
1.19
|
1.54
|
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 |
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 |
No |
|
19] |
Payments terms |
No |
|
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] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN 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 address of the company The Executive Centre, Level 2, Kalpataru
Synergy, Opposite Grand Hyatt, Santacruz (East), Mumbai-400055, Maharashtra,
India has been shifted to the present address w.e.f. 28.01.2011
FUTURE
PROSPECTS
Based on sustainable foundation of Amcor organization in the space of food, pharma and medical packaging and strong relationship with customers, Amcor is now poised to accelerate profitable growth in Indian packaging industry in coming year.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
Long term
Borrowing |
|
|
|
Rupee term loans from banks |
200.000 |
58.333 |
|
Short term Borrowing |
|
|
|
Rupee term loans from banks |
250.000 |
0.000 |
|
Rupee term loans from others |
0.000 |
175.000 |
|
Working capital loans from banks |
0.000 |
123.412 |
|
Loans and advances from others |
15.000 |
0.000 |
|
Other loans and advance |
179.107 |
86.729 |
|
Total |
644.107 |
443.474 |
FIXED ASSETS
- Land
- Building
- Plant and
Equipment
- Furniture and
Fixtures
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.57.78 |
|
|
1 |
Rs.89.71 |
|
Euro |
1 |
Rs.76.24 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
17 |
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.