1. Summary Information
|
|
|
Country |
India |
|
Company Name |
AMISHA VINYLS
PRIVATE LIMITED |
Principal Name 1 |
Mr. Pranay Bhasker Bhargava |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Shashi Bhasker Bhargava |
|
|
|
Registration # |
11-039749 |
|
Street Address |
21, |
||
|
Established Date |
06.05.1986 |
SIC Code |
-- |
|
Telephone# |
91-22-23427535/36/37 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-23435810 |
Business Style 2 |
Polyvinyl chloride (PVC) films and sheets |
|
Homepage |
Product Name 1 |
Amazing Range |
|
|
# of employees |
Not Available |
Product Name 2 |
Appealing Colours |
|
Paid up capital |
Rs. 10,887,000 /- |
Product Name 3 |
Tempting Textures |
|
Shareholders |
Directors or relatives of Directors =
100.00% |
Banking |
Rupee
Co-Operative Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
26 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba
(46) |
|
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 |
290,428,000 |
Current Liabilities |
20,214,000 |
|
Inventories |
21,040,000 |
Long-term Liabilities |
69,411,000 |
|
Fixed Assets |
28,269,000 |
Other Liabilities |
4,682,000 |
|
Deferred Assets |
503,000 |
Total Liabilities |
94,307,000 |
|
Invest& other Assets |
513,000 |
Retained Earnings |
235,559,000 |
|
|
|
Net Worth |
246,446,000 |
|
Total Assets |
340,753,000 |
Total Liab. & Equity |
340,753,000 |
|
Total Assets (Previous Year) |
298,067,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
Not Available |
Net Profit |
38,791,000 |
|
Sales(Previous yr) |
Not Available |
Net Profit(Prev.yr) |
43,733,000 |
MIRA
INFORM REPORT
|
Report Date : |
05.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
AMISHA VINYLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
21, Dr. D N Road, Sitaram Building, Block, Mumbai - 400001,
Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
06.05.1986 |
|
|
|
|
Com. Reg. No.: |
11-039749 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 10.887 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U67120MH1986PTC039749 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA11918E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of polyvinyl chloride (PVC) films and sheets. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 980000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term Rating = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
06.08.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term Rating = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
06.08.2012 |
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 : |
21, |
|
Tel. No.: |
91-22-23427535/36/37 / 25980487 |
|
Fax No.: |
91-22-23435810 / 25980482 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Survey No.362/11, Sri Ganesh Industrial Estate, Kachigam Daman - 396 210, Union Territory, India |
|
Tel. No.: |
91-260-2243238/39 |
|
Fax No.: |
91-260-2241977 |
DIRECTORS
As on 10.09.2012
|
Name : |
Mr. Pranay Bhasker Bhargava |
|
Designation : |
Director |
|
Address : |
605/606, |
|
Date of Birth/Age : |
29.12.1980 |
|
Date of Appointment : |
11.03.2008 |
|
DIN No.: |
00381067 |
|
|
|
|
Name : |
Mr. Shashi Bhasker Bhargava |
|
Designation : |
Director |
|
Address : |
605/606, |
|
Date of Birth/Age : |
07.05.1954 |
|
Date of Appointment : |
06.05.1986 |
|
DIN No.: |
00381111 |
|
|
|
|
Name : |
Mr. Jayantilal Ambashanker Trivedi |
|
Designation : |
Director |
|
Address : |
Choudhary House, Daulat Nagar, S.V. Road, Borivali East, Mumbai -
400066, Maharashtra, India. |
|
Date of Birth/Age : |
20.03.1936 |
|
Date of Appointment : |
01.11.1996 |
|
DIN No.: |
00381203 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 10.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Amita Bhargava |
|
1500 |
|
Bhakti Bhargava |
|
29300 |
|
Bhakti Bhargava |
|
11900 |
|
Bhasker Bhargava (H.U.F) |
|
100000 |
|
Bhakti B. Bhargava |
|
9000 |
|
Shashi Bhasker Bhargava |
|
204440 |
|
Pradeep A. Shah |
|
10 |
|
Pranay Bhasker Bhargava |
|
52500 |
|
Jayantilal A. Trivedi |
|
140050 |
|
Abhilasa Bhargava |
|
5000 |
|
Pranay Bhasker Bhargava |
|
297500 |
|
Nikita Bhargava |
|
50000 |
|
Shashi Bhasker Bhargava |
|
112500 |
|
O. Babulal Jai |
|
6000 |
|
O. Kantilal Jain |
|
25000 |
|
O. Babulal Jain |
|
20000 |
|
O. Jayantilal Jain |
|
24000 |
|
Total |
|
1088700 |
As on 10.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of polyvinyl chloride (PVC) films and sheets. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
· Rupee Co-Operative Bank Limited, Girgaon Branch, Mumbai, Maharashtra, India ·
Bank of Baroda, Thakurdwar Branch, Nana
Shankerseth Smruti, J.S.S. Road, Chira Bazar Bus Stop, Mumbai - 400002,
Maharashtra, India. |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Parikh and Shah Chartered Accountants |
|
Address : |
Bhupati Chambers, 1st Floor, |
|
Tel. No.: |
91-22-23630269 / 23632314 / 23598373 |
|
Fax No.: |
91-22-23618472 |
|
PAN.: |
AAAFB1850B |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1088700 |
Equity Shares |
Rs.10/- each |
Rs.10.887
Millions |
|
|
|
|
|
Reconciliation of
Shares Outstanding at the beginning and al the end of the year
|
Particular |
No. of Shares |
Rs. In millions |
|
At the beginning of the year |
1,088,700 |
10.887 |
|
Less: Shares bought back during the year |
-- |
-- |
|
At the end of the year |
1,088,700 |
10.887 |
Terms / Rights
attached to Equity Shares
Each holder of equity shares is entitled to one vote per share. The Company deviates and pay dividends in Indian Rupees. The dividend proposed by the Board of Directors is subject to the approval of die shareholders in the ensuing Annual General Meeting, except in the case of Interim Dividend As per the Companies Act 1956, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts in the event of liquidation of the Company. However, no such preferential amount exists currently The distribution will be in proportion to the number of equity shares held by the shareholders.
Share holding pattern
of Shareholders holding more than 5 % of Shares
|
Name of the
Shareholder |
No. of Shares |
% of Holding |
|
Pranay Bhasker Bhargava |
350,000.00 |
32.15% |
|
Shashi Bhasker Bhargava |
316,940.00 |
29.11% |
|
Jayantilal A. Trivedi |
140,050.00 |
12.86% |
|
Bhasker Bhargava (H.U.F) |
100,000.00 |
9,19% |
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 |
10.887 |
10.887 |
12.017 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
235.559 |
204.360 |
198.944 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
246.446 |
215.247 |
210.961 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
69.411 |
50.346 |
29.894 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
69.411 |
50.346 |
29.894 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.461 |
|
|
|
|
|
|
|
|
TOTAL |
315.857 |
265.593 |
241.316 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
28.269 |
33.061 |
33.252 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.513 |
0.513 |
0.513 |
|
|
DEFERREX TAX ASSETS |
0.503 |
0.211 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
21.040
|
27.191 |
30.659
|
|
|
Sundry Debtors |
196.802
|
164.781 |
167.503
|
|
|
Cash & Bank Balances |
35.377
|
36.611 |
27.194
|
|
|
Other Current Assets |
55.640
|
32.115 |
0.000
|
|
|
Loans & Advances |
2.609
|
3.584 |
60.555
|
|
Total
Current Assets |
311.468
|
264.282 |
285.911 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
17.143
|
16.823 |
15.820
|
|
|
Other Current Liabilities |
3.071
|
1.891 |
0.000
|
|
|
Provisions |
4.682
|
13.760 |
62.540
|
|
Total
Current Liabilities |
24.896
|
32.474 |
78.360 |
|
|
Net Current Assets |
286.572
|
231.808 |
207.551
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
315.857 |
265.593 |
241.316 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
NA |
NA |
549.303 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
NA |
NA |
549.303 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
NA |
NA |
479.889 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
479.889 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
57.379 |
65.323 |
69.414 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
18.588 |
21.590 |
24.453 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
38.791 |
43.733 |
44.961 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
91.084 |
72.560 |
37.599 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
10.000 |
10.000 |
10.000 |
|
|
|
Internal Dividend |
3.266 |
6.532 |
0.000 |
|
|
|
Tax on Internal Dividend |
0.530 |
1.085 |
0.000 |
|
|
|
Final Dividend |
3.266 |
6.532 |
0.000 |
|
|
|
Tax on Final Dividend |
0.530 |
1.060 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
112.283 |
91.084 |
72.560 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
34.727 |
40.128 |
33.427 |
|
|
TOTAL EARNINGS |
34.727 |
40.128 |
33.427 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
67.201 |
41.651 |
44.309 |
|
|
|
Machinery |
0.000 |
4.097 |
0.000 |
|
|
|
Stores & Spares |
0.984 |
0.137 |
1.524 |
|
|
TOTAL IMPORTS |
68.185 |
45.885 |
45.833 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
35.63 |
38.63 |
33.12 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
NA |
8.19
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.89
|
21.97 |
21.75
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23
|
0.30 |
0.33
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.28
|
0.23 |
0.14
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
12.51
|
8.14 |
3.65
|
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 one year |
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) |
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 |
Yes |
OPERATING RESULTS:
During the year the total revenue of the
company has increased by 17.22%. However due to increase in cost of material, the
profits have declined slightly.
The profit after tax stood at Rs.38.791
Millions as against Rs.43.733 Millions in the previous years
CONTINGENT
LIABILITIES NOT PROVIDED FOR IN RESPECT OF:
Rs. In Million
|
Particular |
31.03.2012 |
31.03.2011 |
|
a. Letter of credit opened by bank |
-- |
7.220 |
|
Bank fixed Deposits held as margin
money |
-- |
0.925 |
|
b. counter guarantees to Bank against Bank’s
Guarantee to Daman |
1.400 |
1.400 |
|
Bank fixed Deposits held as margin
money |
1.400 |
1.400 |
|
c. Excise (Cenval Credit) matter in dispute |
-- |
0.180 |
|
d. Income Tax matters in dispute |
|
|
|
(A.Y. 2003-2004) |
-- |
0.203 |
|
(A.Y. 2004-2005) |
-- |
0.150 |
|
(A.Y. 2008-2009) |
-- |
0.045 |
FIXED ASSETS:
- Land
- Factory Buildings
- Plant and Machinery
- Dies and Tools
- Furniture and Fixtures
- Electrical Equipments
- Office Equipments
- Computers
- Vehicles
- Laboratory Equipments
AS PER WEBSITE DETAILS:
Profile:
Subject which has enjoyed an enviable track record since inception,
was established in 1997, at
The promoters of the company are all men of rare integrity
with illustrious careers in marketing and distributions of PVC sheetings and
allied products all over
A word about PVC. One of the oldest thermoplastic that
blends elegance, endurance and economy, PVC today is very significant bulk /
commodity plastic with a virtually endless range of end-uses. Owing to its
compatibility with large number of additives, it will continue to hold its sway
in the new millennium.
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.55.05 |
|
|
1 |
Rs.82.75 |
|
Euro |
1 |
Rs.71.61 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
TOTAL |
|
46 |
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.