Business
information report
1. Summary Information
|
|
|
Country |
India |
|
Company Name |
SRILAKOSHA POLYMER PRIVATE LIMITED |
Principal Name 1 |
Mr. Samikalainadar Kumbeswaran Sridhar |
|
Status |
Moderate |
Principal Name 2 |
Mr. Sridhar Lalitha |
|
|
|
Registration # |
18-008631 |
|
Street Address |
No.1, Raja Street, Kallimadai Thottam, Nanjappa Nagar, Singanallur,
Coimbatore-641005, Tamilnadu, India |
||
|
Established Date |
02.11.1998 |
SIC Code |
-- |
|
Telephone# |
91-422-2572279 |
Business Style 1 |
Trader |
|
Fax # |
91-422-2572278 |
Business Style 2 |
Importer |
|
Homepage |
Product Name 1 |
Plastic Raw Material |
|
|
# of employees |
Not Available |
Product Name 2 |
--- |
|
Paid up capital |
Rs.
6,300,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of Directors – 100% |
Banking |
The Karur Vysya
Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
15 Years |
|
IPO |
No |
International Ins. |
- |
|
Public Enterprise |
No |
Rating |
B (28) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
34,445,000 |
Current Liabilities |
101,533,000 |
|
Inventories |
103,602,000 |
Long-term Liabilities |
19,259,000 |
|
Fixed Assets |
1,230,000 |
Other Liabilities |
0,000 |
|
Deferred Assets |
126,000 |
Total Liabilities |
120,792,000 |
|
Invest& other Assets |
5,000 |
Retained Earnings |
12,316,000 |
|
|
|
Net Worth |
18,616,000 |
|
Total Assets |
139,408,000 |
Total Liab. & Equity |
139,408,000 |
|
Total Assets (Previous Year) |
76,603,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
509,015,000 |
Net Profit |
2,143,000 |
|
Sales(Previous yr) |
335,287,000 |
Net Profit(Prev.yr) |
3,744,000 |
MIRA
INFORM REPORT
|
Report Date : |
02.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
SRILAKOSHA POLYMER PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.1, Raja Street, Kallimadai Thottam, Nanjappa Nagar, Singanallur,
Coimbatore-641005, Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
02.11.1998 |
|
|
|
|
Com. Reg. No.: |
18-008631 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 6.300 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U02520TZ1998PTC008631 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
CMBS203479A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of Plastic Raw Material and Products. |
|
|
|
|
No. of Employees
: |
Not Available |
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 74000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Profitability
of the company appears to be low. However, trade relations are reported as
fair. Business is active. Payments are reported to be slow but correct. The company can be considered normal for business dealings at usual
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced controls
on foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of
persistently high inflation and interest rates and little progress on economic
reforms. High international crude prices have exacerbated the government's fuel
subsidy expenditures contributing to a higher fiscal deficit, and a worsening
current account deficit. Little economic reform took place in 2011 largely due
to corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
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 Office : |
No.1, Raja Street, Kallimadai Thottam, Nanjappa Nagar, Singanallur,
Coimbatore-641005, Tamilnadu, India |
|
Tel. No.: |
91-422-2572279 |
|
Fax No.: |
91-422-2572278 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Samikalainadar Kumbeswaran Sridhar |
|
Designation : |
Managing Director |
|
Address : |
Flat No. 109, Manchester Regent Avinashi Road, Opposite Royal
Agencies, Coimbatore-641037, Tamilnadu, India |
|
Date of Birth/Age : |
10.02.1964 |
|
Date of Appointment : |
02.11.1998 |
|
DIN No.: |
00116776 |
|
|
|
|
Name : |
Mr. Sridhar Lalitha |
|
Designation : |
Whole Time Director |
|
Address : |
Flat No. 109, Manchester Regent Avinashi Road, Opposite Royal Agencies,
Coimbatore-641037, Tamilnadu, India |
|
Date of Birth/Age : |
20.05.1972 |
|
Date of Appointment : |
02.11.1998 |
|
DIN No.: |
00116747 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Samikalainadar Kumbeswaran Sridhar |
315000 |
|
Sridhar Lalitha |
315000 |
|
TOTAL
|
630000 |
AS ON 27.11.2012
|
Names of Allottees |
No. of Shares |
|
Samikalainadar Kumbeswaran Sridhar |
180000 |
|
Sridhar Lalitha |
180000 |
|
TOTAL
|
360000 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Plastic Raw Material and Products. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
·
The Karur Vysya Bank Limited, P B No. 3825, Door No.483,
Ashoka Plaza, Dr. Nanjappa Road, Gandhipuram, Coimbatore-641018, Tamilnadu,
India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
T Raghunathan Chartered Accountant |
|
Address : |
Dr. Nanjappa Road, Coimbatore-641018, Tamilnadu, India |
|
PAN No.: |
ACCPR2688F |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
630000 |
Equity Shares |
Rs.10/- each |
Rs. 6.300 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
630000 |
Equity Shares |
Rs.10/- each |
Rs. 6.300 Millions |
|
|
|
|
|
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
990000 |
Equity Shares |
Rs.10/- each |
Rs. 9.900 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
990000 |
Equity Shares |
Rs.10/- each |
Rs. 9.900 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 |
6.300 |
6.300 |
3.150 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
12.316 |
10.173 |
11.400 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
18.616 |
16.473 |
14.550 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
19.259 |
0.000 |
0.096 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
3.756 |
|
|
TOTAL BORROWING |
19.259 |
0.000 |
3.852 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
37.875 |
16.473 |
18.402 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.230 |
1.259 |
1.395 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.005 |
0.005 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.126 |
0.102 |
0.086 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
103.602
|
47.137 |
8.764 |
|
|
Sundry Debtors |
16.414
|
15.346 |
11.175 |
|
|
Cash & Bank Balances |
8.846
|
9.262 |
15.049 |
|
|
Other Current Assets |
0.067
|
0.056 |
0.000 |
|
|
Loans & Advances |
9.118
|
3.436 |
3.684 |
|
Total
Current Assets |
138.047
|
75.237 |
38.672 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
88.489
|
50.126 |
|
|
|
Other Current Liabilities |
13.044
|
6.154 |
17.896 |
|
|
Provisions |
0.000
|
3.850 |
3.855 |
|
Total
Current Liabilities |
101.533
|
60.130 |
21.751 |
|
|
Net Current Assets |
36.514
|
15.107 |
16.921 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
37.875 |
16.473 |
18.402 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
509.015 |
335.287 |
|
|
|
|
Other Income |
1.789 |
2.821 |
|
|
|
|
TOTAL (A) |
510.804 |
338.108 |
320.232 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
505.905 |
330.740 |
305.896 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
4.899 |
7.368 |
14.336 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.410 |
1.191 |
0.975 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.489 |
6.177 |
13.361 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.320 |
0.389 |
0.295 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
3.169 |
5.788 |
13.066 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.026 |
2.044 |
4.688 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
2.143 |
3.744 |
8.378 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.823 |
0.900 |
0.303 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
0.000 |
1.575 |
1.575 |
|
|
|
Tax on Dividend |
0.000 |
0.256 |
0.262 |
|
|
|
General Reserve |
0.000 |
2.000 |
6.000 |
|
|
|
Excess provision no longer required FBT |
0.000 |
(0.001) |
(0.030) |
|
|
|
Excess provision no longer required IT |
0.000 |
(0.009) |
(0.026) |
|
|
BALANCE CARRIED
TO THE B/S |
2.966 |
0.823 |
0.900 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
326.569 |
225.362 |
157.996 |
|
|
TOTAL IMPORTS |
236.569 |
225.362 |
157.996 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.40 |
5.94 |
26.48 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.42
|
1.11 |
2.62 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.62
|
1.73 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.27
|
7.56 |
32.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.35 |
0.90 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.03
|
0.00 |
0.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36
|
1.25 |
1.78 |
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 |
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 |
No |
|
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 |
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 |
OPERATION
During the year their company has achieved turnover of Rs. 509.015 Millions
as against the turnover of Rs. 335.287 Millions. The profit before tax for
current year is Rs. 3.169 Millions as against the profit before tax of Rs.
5.787 Millions of the previous year. barring unforeseen circumstances the
Directors hope to achieved satisfactory results for the current year.
FORM 8
|
Corporate
identity number of the company |
U02520TZ1998PTC008631 |
|
Name of the
company |
SRILAKOSHA
POLYMER PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
No.1, Raja Street, Kallimadai Thottam, Nanjappa Nagar, Singanallur, Coimbatore-641005, Tamilnadu, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
90003911 |
|
Type of charge |
·
Movable
property (not being pledge) |
|
Particular of
charge holder |
The Karur Vysya Bank Limited, P B No. 3825, Door No.483, Ashoka Plaza, Dr. Nanjappa Road, Gandhipuram, Coimbatore-641018, Tamilnadu, India |
|
Nature of instrument
creating charge |
1.Deed of
hypothecation of current assets. 2. Agreement for
hypothecation of goods received under LC and FC agreement |
|
Date of
instrument Creating the charge |
01.02.2012 |
|
Amount secured by
the charge |
Rs. 160.625
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest OCC : 13.75% p.a
[Floating] Terms of repayment OCC [renewed]: on
demand and is valid till 30.11.2012 Other limits :
FLC/ILC and Forward contract credit equivalent limit valid till 30.11.2012 Margin FLC/ILC: 10% OCC: Stock -25%,
Book Debts-50% Extent and operation of the charge Hypothecation of
entire current assets of the company and hypothecation of all goods received
under FLC/ILC. The charges operate for due repayment of the loans and credit
limits with interest, charges and expenses/cost as per the sanction terms and
conditions. Other The charge on the
assets of the company for the existing credit limits continues and the terms
and conditions remains the same subject to this modification. |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation of
entire current assets of the company and hypothecation of all goods received
under FLC/ILC. |
|
Date of
instrument modifying the charge |
29.11.2010 |
|
Particulars of
the present modification |
FLC/ILC limit is
enhanced from Rs.100.000 Millions to Rs 125.000 Millions, CEL is enhanced
from Rs 12.500 Millions to Rs 15.625 Millions. Hence the aggregate charge
amount is enhanced from Rs 132.500
Millions to Rs 160.625 Millions as follows: 1. OCC -Rs
20.000 Millions 2. FLC/ILC -Rs
125.000 Millions 3. CEL -Rs
15.625 Millions ------------------------ Total - Rs
160.625 Millions. |
FIXED ASSETS
·
Furniture and Fixtures
·
Office Equipments
·
Vehicles
WEBSITE DETAILS
PROFILE
Subject has been engaged in the business of plastic raw material
sourcing, distribution and logistics support. The company is based at
Coimbatore in South India. Established in the year 1998, it had grown rapidly
within a short span of time and has carved a niche for itself in the field. The
company had been involved in importing various plastic and related raw material
from various established players spread across various countries. Right from
the time it fostered a valuable association with the Saudi major SABIC (Saudi Basic Industries
Corporation). It had spread its wings and grown from strength
to strength. This growth has been a result of the commitment and integrity
which have been the cornerstones of the company’s operations.
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. 54.48 |
|
|
1 |
Rs. 82.71 |
|
Euro |
1 |
Rs. 72.27 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
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 |
|
- |
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.