MIRA
INFORM REPORT
|
Report Date : |
21.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
MODERN PANELS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
F-22/100, Second Floor,, Sector-3, Rohini, |
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|
Country : |
|
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|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
05.01.1995 |
|
|
|
|
Com. Reg. No.: |
55-064111 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 7.773 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1995PTC064111 |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer of Plywood |
|
|
|
|
No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 62000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having a moderate track record. The scale of operation is modest profitability of the company is low. However,
the debt equity ratio is favorable. Trade relations are fair. Business is active. Payment terms are slow
but correct. The company can be considered for small to medium 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. Saket |
|
Designation : |
Office Executive |
|
Contact No.: |
91-9873005675 |
|
Date : |
19.06.2013 |
LOCATIONS
|
Registered Office : |
F-22/100, Second Floor,, Sector-3, Rohini, New Delhi -
110085, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9873005675 (Mr. Saket) 91-9310414123 (Mr. Praveen Agarwal) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rwnted |
|
|
|
|
Factory : |
57 Km Mile Stone, Delhi Rohtak Road, Gandhra Road, VPO Ismila, Kheri Sampla - 124001, Haryana, India |
|
Tel. No.: |
91-1262-326249 |
|
Location : |
Owned |
DIRECTORS
As on 29.09.2012
|
Name : |
Neeta Agrawal |
|
Designation : |
Director |
|
Address : |
206-B, S.K Puri, Boring Canel Road, Patna – 800001,
Bihar, India |
|
Date of Birth/Age : |
05.05.1968 |
|
Date of Appointment : |
05.01.1995 |
|
DIN No.: |
00092259 |
|
|
|
|
Name : |
Mr. Rajendra Kumar Sekhsaria |
|
Designation : |
Director |
|
Address : |
C-1/40, 1st Floor, Prashant Vihar, New Delhi – 110085, India |
|
Date of Birth/Age : |
22.01.1960 |
|
Date of Appointment : |
13.12.2003 |
|
DIN No.: |
00092289 |
|
|
|
|
Name : |
Mr. Praveen Agarwal |
|
Designation : |
Director |
|
Address : |
A-14, Antrikish Apartments, Sec-14, Rohini, New Delhi – 110085, India |
|
Date of Birth/Age : |
13.10.1971 |
|
Date of Appointment : |
06.03.2006 |
|
DIN No.: |
00046421 |
|
|
|
|
Name : |
Mr. Arun Kumar Agrawal |
|
Designation : |
Director |
|
Address : |
206-B, S.K Puri, Boring Canel Road, Patna – 800001, Bihar, India |
|
Date of Birth/Age : |
11.12.1956 |
|
Date of Appointment : |
05.01.1995 |
|
DIN No.: |
00092629 |
|
|
|
|
Name : |
Mr. Vinod Kuamr Sawa |
|
Designation : |
Director |
|
Address : |
D-32, Ashok Vihar, Phase-I, New Delhi – 110052, India |
|
Date of Birth/Age : |
23.06.1967 |
|
Date of Appointment : |
01.01.2009 |
|
DIN No.: |
02378504 |
KEY EXECUTIVES
|
Name : |
Mr. Saket |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Arun Kumar Agarwal |
|
3600 |
|
Neeta Agarwal |
|
6600 |
|
Ashok Agarwal |
|
8000 |
|
Shashi Agarwal |
|
2000 |
|
Abhishek Agarwal |
|
15000 |
|
Sharda Agarwal |
|
5000 |
|
Ravi Kumar |
|
9000 |
|
Rajendra Sekhsaria |
|
25100 |
|
Pravin Agarwal |
|
32200 |
|
Vivek Agarwal |
|
100 |
|
Parul Agarwal |
|
242600 |
|
Master Addhyan Agarwal |
|
10100 |
|
Anita Sekhsaria |
|
15000 |
|
Saket Sekhsaria |
|
10000 |
|
Vinod Kumar Sawa |
|
10000 |
|
Lalita Sawa |
|
325000 |
|
Pawan Kumar Bhatia |
|
50000 |
|
Bluejay Airlines Private Limited, India |
|
8000 |
|
Total |
|
777300 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
1.03 |
|
Directors or relatives of Directors |
98.97 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Plywood |
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash / Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
40 (Approximately) |
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Bankers : |
· Citicorp Finance India Limited, Himalaya House; Upper Ground Floor, 23; Kasturba Gandhi Marg, New Delhi, India · Indian Overseas Bank, Punjabi Bagh Branch, 1/52, North Avenue, West Punjabi Bagh, New Delhi - 110026, Delhi, India Tel. No.: 91-11-25223019 |
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Facilities : |
(Rs.
In Millions)
|
|||||||||||||||||||||
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Banking Relations
: |
--- |
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Auditors : |
|
|
Name : |
M. L. Kejriwal and Company Chartered Accountants |
|
Address : |
310, Ansal Majestic Tower, PVR Complex, Vikas Puri, New Delhi –
110018, India |
|
Tel. No.: |
91-11-28542508 |
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E-Mail : |
|
|
PAN No.: |
AAKFM0972F |
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|
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|
Relative of KMP : |
· Arun Kumar Agrawal and Sons · Saket Trading Company ·
Shashi Agrawal |
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|
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Associate Company : |
· Top Plywood Private Limited · Sapphire Wood Ventures Private Limited · Modern Portfolio Private Limited · Premier Sales Corporation ·
Century Sales |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
777300 |
Equity Shares |
Rs.10/- each |
Rs.7.773
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 |
|
7.773 |
7.773 |
|
(b) Reserves & Surplus |
|
7.873 |
7.788 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
|
|
|
|
|
(3) Non-current liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.075 |
0.304 |
|
(b) Deferred tax liabilities (Net) |
|
0.013 |
0.024 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term borrowings |
|
14.195 |
8.267 |
|
(b) Trade payables |
|
8.888 |
8.231 |
|
(c) Other current liabilities |
|
1.025 |
1.219 |
|
(d) Short-term provisions |
|
0.165 |
0.237 |
|
TOTAL |
|
40.007 |
33.843 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
7.500 |
8.319 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
20.381 |
15.669 |
|
(c) Trade receivables |
|
9.364 |
6.993 |
|
(d) Cash and cash equivalents |
|
0.915 |
1.190 |
|
(e) Short-term loans and advances |
|
0.000 |
0.000 |
|
(f) Other current assets |
|
1.847 |
1.672 |
|
TOTAL |
|
40.007 |
33.843 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
7.773 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.636 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
5] Share premium |
|
|
7.020 |
|
|
NETWORTH |
|
|
15.429 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
3.768 |
|
|
2] Unsecured Loans |
|
|
3.923 |
|
|
TOTAL BORROWING |
|
|
7.691 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.024 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
23.144 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
9.366 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
8.275 |
|
|
Sundry Debtors |
|
|
10.004 |
|
|
Cash & Bank Balances |
|
|
1.634 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.677 |
|
Total
Current Assets |
|
|
20.590 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
6.761 |
|
|
Other Current Liabilities |
|
|
0.937 |
|
|
Provisions |
|
|
0.014 |
|
Total
Current Liabilities |
|
|
7.712 |
|
|
Net Current Assets |
|
|
12.878 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.900 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
23.144 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
26.632 |
27.358 |
|
|
|
|
Other Income |
0.216 |
0.216 |
|
|
|
|
TOTAL (A) |
26.848 |
27.574 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Raw material consumed |
22.049 |
19.722 |
|
|
|
|
Purchases Changes in inventories of finished goods, work-in-progress and Stock-in-Trade |
(2.524) |
(0.122) |
|
|
|
|
Employee Benefit Expense |
1.585 |
1.545 |
|
|
|
|
Other Expenses |
3.932 |
4.579 |
|
|
|
|
Exceptional Items |
0.033 |
0.000 |
|
|
|
|
TOTAL (B) |
25.075 |
25.724 |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1.773 |
1.850 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.568 |
0.398 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.205 |
1.452 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.061 |
1.230 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
0.144 |
0.222 |
0.262 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.059 |
0.090 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.085 |
0.132 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.11 |
0.17 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.32
|
0.48 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.54
|
0.81 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.36
|
0.66 |
0.87 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.01 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.91
|
0.55 |
0.50 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34
|
1.42 |
2.66 |
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last two 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 |
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 |
No |
|
34] |
External Agency Rating, if available |
No |
Note:
The registered office of the company has been shifted from C-1/40 1st
Floor, Prashant Vihar, New Delhi – 110085, India to present address
FINANCIAL RESULTS:
The company has achieved a turnover Rs. 26.632 Millions. The Net Profit of the company (before taxes) is Rs. 0.144 Millions.
GENERAL REVIEW
The company’s performance was satisfactory during the period. The company is able to achieve its turnover and target Net Profit. The Directors are hopeful that the company will achieve further growth in its operations as future of the company seems to be bright.
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
SHORT TERM BORROWINGS |
|
|
|
Unsecured loans from related Parties |
7.323 |
3.923 |
|
Unsecured loans from others |
3.500 |
0.000 |
|
Total |
10.823 |
3.923 |
|
|
|
|
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U74899DL1995PTC064111 |
|
Name of the
company |
MODERN PANELS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
F-22/100, Second Floor,, Sector-3, Rohini, New Delhi - 110085, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
90039664 |
|
Type of charge |
· Immovable property · Book debts · Movable property (not being pledge) · Floating charge ·
Others (Tocks, P and M, book debts, current
and fixed assets, EMG) |
|
Particular of
charge holder |
Indian Overseas Bank, Punjabi Bagh Branch, 1/52, North Avenue, West Punjabi Bagh, New Delhi - 110026, Delhi, India |
|
Nature of
instrument creating charge |
F 110E Letter of
Hypothecation (for securing machineries/vehicles/ goods/book debts), F 379C
Confirmation Letter |
|
Date of
instrument Creating the charge |
24.04.2012 |
|
Amount secured by
the charge |
Rs.5.252 Millions
|
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest OCC - Interest
shall be charged base rate plus 2.25% i. e. 13.00% at presently with monthly
rests TL - Interest
shall be charged base rate plus 2.25% i. e. 13.00% at presently with monthly
rests Terms of Repayment OCC - Payable on
demand as per sanction terms and bank norms. Term Loan to be
repaid in 36 monthly instalments of Rs.34,778/- each, with last instalment of
Rs.34,770/- interest to be serviced separately as and when debited to the
accounts. Margin OCC - 25% on
stocks and 50% on book debts. TL - 25%. Extent and Operation of the charge The hypothecated
assets and equitable mortgage of property of the company is to secure
following credit facilities sanctioned by Indian Overseas Bank to subject. a) OCC
(Renewal) Rs.4.000 Millions b) Term Loan
(New) Rs.1.252 Millions (The Existing
Term Loan limit of Rs.5.000 Millions stands cancelled) Others Personal
Guarantee of : Mr. Arun Kumar
Agarwal Mrs. Neeta
Agarwal Mr. Rajendra
Kumar Sekhsaria Mr. Praveen
Aggarwal |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
First charge on stocks, book debts, plant and machinery and other current assets and fixed assets of the company both present and future Collaterally secured by company's land and building situated at 57 K. M. Milestone, Delhi Rohtak Highway, Gandhara Modh, Village Post Ismaila 9-B, District Rohtak (Haryana) in the name of company. Term Loan for purchase of 320 KVA Genset engine model 340 DITA-GP with radiator, coupled with Leroy Somer/Crompton make alternator along with standard accessories like Base frame Fuel Tank, Residential silencer AVM Pads, Batteries, Standard control Panel, Enclosure and first fill of lubricating oil etc. |
|
Particulars of
the present modification |
By this
modification of charge the aggregate credit limits reduced from Rs.9.000 Millions
to Rs.5.252 Millions to secure following credit limits : - a) OCC
(Renewal) Rs.4.000 Millions,
b)Term Loan (New) Rs.1.252 Millions, (The Existing Term Loan limit of Rs.5.000 Millions stands cancelled) to be continue secured
by all stock, book debts, Plant and machinery and equitable mortgage of
property of the company |
FIXED ASSETS
· Land
· Building
· Car
· Water Boring
· Boiler
· Computer
· Dryer
· Electric Goods
· Generator
· Hot Press
· Lab. Equipment
· Plant and Machinery
· Electric Installation
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proeeding 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.59.70 |
|
|
1 |
Rs.92.22 |
|
Euro |
1 |
Rs.79.19 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLV |
|
|
|
|
Report Prepared
by : |
NTH |
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 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
28 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.