MIRA
INFORM REPORT
|
Report Date : |
06.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
MAKWELL ORGANICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-506 Bhaveshwar Plaza, Opposite Shreyas Cinema, LBS Marg, Ghatkopar,
Mumbai – 400086, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
13.10.1988 |
|
|
|
|
Com. Reg. No.: |
11-049205 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100MH1988PTC049205 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM09250D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM2758B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Chemicals. |
|
|
|
|
No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 350000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having 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. Profit and Loss account of the company for the current year is not
available. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Ms. Hema |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-40464848 |
|
Date : |
06.03.2013 |
LOCATIONS
|
Registered Office : |
A-506 Bhaveshwar Plaza, Opposite Shreyas Cinema, LBS Marg, Ghatkopar,
Mumbai – 400086, Maharashtra, India |
|
Tel. No.: |
91-22-25004848/ 40464848 |
|
Fax No.: |
91-22-25004800 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No. 57-D/B, Phase-I, G.I.D.C., Vapi – 396195, Gujarat, India |
|
Tel. No.: |
91-260-2425030/ 2423496/ 2423495 |
|
|
|
|
Warehouse : |
Located at: ·
Bhiwandi, Maharashtra, India |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Shashikant Nemchand Thakker |
|
Designation : |
Director |
|
Address : |
1307, Saihyadri, Neelkanth Vally, Rajawadi, Ghatkopar (East), Mumbai –
400077, Maharashtra, India |
|
Date of Birth/Age : |
29.05.1938 |
|
Date of Appointment : |
13.10.1988 |
|
DIN No.: |
00300693 |
|
|
|
|
Name : |
Mr. Hiren Shashikant Thakker |
|
Designation : |
Director |
|
Address : |
1307, Sahyadri, Neelkanth Vally, 7th Road, Rajawadi,
Ghatkopar (East), Mumbai – 400077, Maharashtra, India |
|
Date of Birth/Age : |
14.11.1965 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
13.10.1988 |
|
DIN No.: |
01272661 |
|
|
|
|
Name : |
Mr. Kishor Nemchand Thakker |
|
Designation : |
Director |
|
Address : |
10, Natraj, R.B.
Mehta Marg, Ghatkopar (East), Mumbai – 400077, Maharashtra, India |
|
Date of Birth/Age : |
04.03.1944 |
|
Date of Appointment : |
13.10.1988 |
|
DIN No.: |
00300652 |
|
|
|
|
Name : |
Mr. Amresh Kishor Thakker |
|
Designation : |
Director |
|
Address : |
10, Natraj
Building, R.B. Mehta Road, Ghatkopar (East), Mumbai – 400077, Maharashtra,
India |
|
Date of Birth/Age : |
21.02.1972 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
30.08.1997 |
|
DIN No.: |
01501203 |
|
|
|
|
Name : |
Mr. Zubin Kishor Thakker |
|
Designation : |
Director |
|
Address : |
10, Natraj, R.B.
Mehta Marg, Ghatkopar (East), Mumbai – 400077, Maharashtra, India |
|
Date of Birth/Age : |
11.04.1974 |
|
Date of Appointment : |
30.08.1997 |
|
DIN No.: |
00300594 |
|
|
|
|
Name : |
Mr. Vishal Shashikant Thakker |
|
Designation : |
Director |
|
Address : |
1307, Sahyadri, Neelkanth Vally, Rajawadi, Ghatkopar (East), Mumbai –
400 077, |
|
Date of Birth/Age : |
16.07.1974 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
30.08.1997 |
|
DIN No.: |
01408345 |
KEY EXECUTIVES
|
Name : |
Ms. Hema |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Thakker Nemchand Shashikant |
|
10000 |
|
Thakker Nemchand Kishor |
|
10000 |
|
Thakker Shashikant Prafulla |
|
2500 |
|
Thakker Kishor Indumati |
|
5000 |
|
Thakker Shashikant Hiren |
|
2500 |
|
Thakker Kishor Amresh |
|
5000 |
|
Vora Ashok Kaushika |
|
2500 |
|
Thakker Hiren Mita |
|
2500 |
|
Thakker Shashikant Vishal |
|
5000 |
|
Thakker Kishor Zubin |
|
5000 |
|
|
|
|
|
Total |
|
50000 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Chemicals. |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
·
European Countries ·
USA ·
Africa Countries ·
South East Asia |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
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No. of Employees : |
70 (Approximately) |
||||||||||||||||||||||||
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|
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|
Bankers : |
· Citi Bank N. A., Trent House, 2nd Floor, G Block, Plot No.C60, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India Tel No.: 91-22-40015757 · ICICI Bank Limited, Landmark Race Cource Circle, Alkapuri, Baroda – 390015, Gujarat, India · HDFC Bank Limited · Bank of Baroda |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
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Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Subodh Vora and Company Chartered Accountants |
|
Address : |
307, Bhaveshwar Complex, Opposite Vidhyavihar Railway Station, Vidyavihar
(West), Mumbai – 400086, Maharashtra, India |
|
Tel. No. : |
91-22-67983500/ 67983550 |
|
Fax No. : |
91-22-25148595 |
|
E-Mail : |
|
|
PAN
No.: |
AABPV7681F |
|
|
|
|
Associates/Subsidiaries : |
Name: Makwell
Plastisizers Private Limited Address: A-506, Line of
Business: Manufacturer and Exporter of
Plastisizers and Additives. |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
|
|
|
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 |
0.500 |
0.500 |
0.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
89.121 |
63.478 |
37.420 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
89.621 |
63.978 |
37.920 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
85.999 |
26.208 |
4.862 |
|
|
2] Unsecured Loans |
95.323 |
48.820 |
36.569 |
|
|
TOTAL BORROWING |
181.322 |
75.028 |
41.431 |
|
|
DEFERRED TAX LIABILITIES |
1.259 |
1.163 |
0.425 |
|
|
|
|
|
|
|
|
TOTAL |
272.202 |
140.169 |
79.776 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
14.581 |
15.521 |
9.342 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
132.296
|
58.254 |
27.223
|
|
|
Sundry Debtors |
200.929
|
106.915 |
51.407
|
|
|
Cash & Bank Balances |
8.251
|
0.377 |
0.547
|
|
|
Other Current Assets |
13.472
|
28.166 |
9.963
|
|
|
Other Non Current Assets |
1.567
|
1.443 |
0.000 |
|
|
Loans & Advances |
0.306
|
0.224 |
0.126 |
|
Total
Current Assets |
356.821
|
195.379 |
89.266 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
82.499
|
46.417 |
8.910 |
|
|
Other Current Liabilities |
4.104
|
1.769 |
0.508
|
|
|
Provisions |
12.597
|
22.545 |
9.414
|
|
Total
Current Liabilities |
99.200
|
70.731 |
18.832 |
|
|
Net Current Assets |
257.621
|
124.648 |
70.434
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
272.202 |
140.169 |
79.776 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|||
|
|
SALES |
|
|
|
|||
|
|
|
Income |
|
|
340.069 |
||
|
|
|
Other Income |
|
|
0.010 |
||
|
|
|
TOTAL (A) |
|
|
340.079 |
||
|
|
|
|
|
|
|||
|
Less |
EXPENSES |
|
|
|
|||
|
|
|
Raw Material Consumption |
|
|
285.919 |
||
|
|
|
Materials Manufacturing and Operating
Expenses |
|
|
7.882 |
||
|
|
|
Administrative Expenses |
|
|
12.412 |
||
|
|
|
Increase/Decrease in Stock of Finished Goods |
|
|
0.710 |
||
|
|
|
TOTAL (B) |
|
|
306.923 |
||
|
|
|
|
|
|
|||
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
NA |
33.156 |
|||
|
|
|
|
|
|
|||
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
5.598 |
|||
|
|
|
|
|
|
|||
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
27.558 |
|||
|
|
|
|
|
|
|||
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
1.191 |
|||
|
|
|
|
|
|
|||
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
|
26.367 |
|||
|
|
|
|
|
|
|||
|
Less |
TAX (H) |
|
|
9.355 |
|||
|
|
|
|
|
|
|||
|
|
PROFIT AFTER TAX
(G-H) (I) |
25.650 |
26.059 |
17.012 |
|||
|
|
|
|
|
|
|||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
20.444 |
|||
|
|
|
|
|
|
|||
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
37.456 |
|||
|
|
|
|
|
|
|||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|||
|
|
|
Export Earnings |
USD 6283033 |
293.336 |
16.457 |
||
|
|
TOTAL EARNINGS |
USD
6283033 |
293.336 |
16.457 |
|||
|
|
|
|
|
|
|||
|
|
IMPORTS |
|
|
|
|||
|
|
|
Raw Materials |
USD 397850 |
18.406 |
NA |
||
|
|
TOTAL IMPORTS |
USD
397850 |
18.406 |
NA
|
|||
|
|
|
|
|
|
|||
|
|
Earnings Per
Share (Rs.) |
513.00 |
521.17 |
340.25 |
|||
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
NA
|
5.00
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
7.75
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA
|
26.74
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA
|
0.69
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.02 |
1.17
|
1.09
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.60 |
2.76
|
4.74
|
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors |
82.499
|
46.417 |
8.910 |
|
|
|
|
|
|
Total |
82.499
|
46.417 |
8.910 |
|
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 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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
UNSECURED LOAN
(Rs. In Millions)
|
|
As on 31.03.2012 |
As on 31.03.2011 |
|
Loans and advances from related parties |
|
|
|
From Director |
34.817 |
31.308 |
|
From Family Members |
60.076 |
17.512 |
|
From Relatives |
0.430 |
0.000 |
|
|
|
|
|
Total |
95.323 |
48.820 |
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration
number of the company |
U24100MH1988PTC049205 |
|
Name of the
company |
MAKWELL ORGANICS
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in India of the company |
A-506 Bhaveshwar Plaza, Opposite Shreyas Cinema, LBS Marg, Ghatkopar,
Mumbai – 400086, Maharashtra, India E-mail: makwell@vsnl.com |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
90237662 |
|
Type of charge |
·
Book
debts ·
Movable
property (not being pledge) ·
Floating
charge |
|
Particular of
charge holder |
Citi Bank N. A., Trent House, 2nd Floor, G Block, Plot No.C60, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India E-mail: vlaxman@vsnl.com |
|
Nature of
instrument creating charge |
Deed of Modification.
|
|
Date of
instrument Creating the charge |
01.06.2012 |
|
Amount secured by
the charge |
Rs.90.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest to be charged
at such rate/s as may be determined by the Bank from time to time. Terms of Repayment On demand. Margin As may be
stipulated by the Bank from time to time. Extent and Operation of the charge Hypothecation of Current
Assets and Movable Fixed Assets on first pari passu basis to Citibank NA more
particularly described in Column No.15 as security for the repayment of the
loan together with all interest, liquidated damages, premia on prepayment or
on redemption, costs, charges and other expenses payable by Company to
Citibank N.A. Others The charge
created herein for Rs.90.000 Millions in favour of Citibank shall rank pari
passu on first charge basis over current assets, with the charges created in
favour of ICICI Bank Limited for their Fund Based and Non Fund Based facility
aggregating Rs.50.000 Millions. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation by
way of first pari passu charge on Current Assets and Movable Fixed Assets of
the Company, both present and future. |
|
Particulars of
the present modification |
The charge shall
now stands increased from Rs.60.000 Millions to Rs.90.000 Millions, in favour
of the Bank against the security of Current Assets and Movable Fixed Assets
(on first pari passu basis with ICICI Bank Limited). |
FIXED ASSETS:
· Land (Leasehold)
· Factory Building
· Plant and Machinery (Epoxy)
· Weight Bridge
· Pollution Management System
· Computer / Printer
· Motor Car Swift
· Pump
· Air Conditioners
· Electrical Installation
· Scooter
· Mobile Phone
· Office Furniture and Fixtures
· Weigh Scale
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.54.65 |
|
|
1 |
Rs.82.66 |
|
Euro |
1 |
Rs.71.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
VRN |
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 |
4 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.