1. Summary Information
|
|
|
Country |
India
|
|
Company Name |
RUKMINI
POLYTUBES PRIVATE LIMITED |
Principal Name 1 |
Mr. Gopi Krishna Kejriwal |
|
Status |
Moderate |
Principal Name 2 |
Mr. Ajay Kejriwal |
|
|
|
Registration # |
55-123381 |
|
Street Address |
X-55/102, Loha
Mandi, Naraina, New Delhi – 110028, India |
||
|
Established Date |
16.09.1999 |
SIC Code |
-- |
|
Telephone# |
91-11-32616635/ 32492389/ 32563432 |
Business Style 1 |
Manufacturer |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
UPVC Pipes |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.5,700,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors – 91.23% Other top fifty shareholders - 8.77% |
Banking |
State Bank of
Patiala |
|
Public Limited Corp. |
NO |
Business Period |
13 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B
(27) |
|
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 |
60,590,000 |
Current Liabilities |
31,720,000 |
|
Inventories |
38,338,000 |
Long-term Liabilities |
46,582,000
|
|
Fixed Assets |
13,739,000 |
Other Liabilities |
1,603,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
79,905,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
27,062,000 |
|
|
|
Net Worth |
32,762,000 |
|
Total Assets |
112,667,000 |
Total Liab. & Equity |
112,667,000 |
|
Total Assets (Previous Year) |
81,698,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Total Income |
233,500,000 |
Net Profit |
1,356,000 |
|
Total Income (Previous yr) |
221,500,000 |
Net Profit(Prev.yr) |
932,000 |
MIRA
INFORM REPORT
|
Report Date : |
07.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
RUKMINI POLYTUBES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
X-55/102, Loha Mandi, Naraina, New Delhi – 110028 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
16.09.1999 |
|
|
|
|
Com. Reg. No.: |
55-123381 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.5.700 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209DL1999PTC123381 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELR09903F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCR8167Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of UPVC Pipes. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 130000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
profitability of the company appears to be low. However, trade relations are reported to be fair. Business is active. Payments
are reported to be slow but correct. The company can be considered for 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 – 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 |
ICRA |
|
Rating |
BB (Fund Based) |
|
Rating Explanation |
Having moderate risk of default regarding
timely servicing of financial obligation. |
|
Date |
February 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 : |
X-55/102, Loha Mandi, Naraina, New Delhi – 110028, India |
|
Tel. No.: |
91-11-32616635 / 32492389 / 32563432 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
(Steel Melting and Rolling Division) C-6 and 7, UPSIDC Industrial Area,
Bahadurabad, Hardwar - 149401, Uttrakahnd, India |
|
Tel. No.: |
91-1334-325837 |
|
Fax No.: |
91-1334-235126 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
(PVC Division) 43 K.M. Stone, N.H.-10, P.O. Asauda - 124505,
Bahadurgarh, Haryana, India |
|
Tel. No.: |
91-1276-280729/ 280730/ 323404 |
|
E-Mail : |
DIRECTORS
As on: 15.07.2012
|
Name : |
Mr. Gopi Krishna Kejriwal |
|
Designation : |
Director |
|
Address : |
B-2/63, Rajasthali Apartments, Pitampura, Delhi – 110034, India |
|
Date of Birth/Age : |
05.06.1968 |
|
Date of Appointment : |
16.09.1999 |
|
DIN No.: |
00101425 |
|
|
|
|
Name : |
Mr. Ajay Kejriwal |
|
Designation : |
Director |
|
Address : |
C-1/53, Rajasthali Apartments, Pitampura, Delhi – 110034, India |
|
Date of Birth/Age : |
30.05.1971 |
|
Date of Appointment : |
16.09.1999 |
|
DIN No.: |
00101466 |
|
|
|
|
Name : |
Mr. Sanjay Kejriwal |
|
Designation : |
Director |
|
Address : |
C-1/53, Rajasthali Apartments, Pitampura, Delhi – 110034, India |
|
Date of Birth/Age : |
31.10.1969 |
|
Date of Appointment : |
02.04.2012 |
|
DIN No.: |
00101623 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 15.07.2012
|
Names of Shareholders |
|
No. of Shares |
|
Aman Kejriwal |
|
56100 |
|
Mira Delvi |
|
55000 |
|
Gopi Krishna Kejriwal |
|
50000 |
|
Gopi Krishna Kejriwal (HUF) |
|
7000 |
|
Sanjay Kejriwal |
|
56600 |
|
Ajay Kejriwal |
|
50100 |
|
Rajeev Kejriwal |
|
56600 |
|
Priti Kejriwal |
|
67500 |
|
Madhu Kejriwal |
|
57000 |
|
Ritu Kejriwal |
|
56600 |
|
Pooja Kejriwal |
|
57000 |
|
Renu Devi Agrawal |
|
500 |
|
|
|
|
|
Total |
|
570000 |
Equity Share Break up (Percentage of Total Equity)
As on: 15.07.2012
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
91.23 |
|
Other top fifty shareholders |
|
8.77 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of UPVC Pipes. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (As on: 31.03.2011)
|
Particulars |
Unit |
31.03.2011 |
|
|
|
|
|
Installed
Capacity |
MT |
6000 |
|
Particulars |
Unit |
Actual
Production |
|
PVC Pipes |
MT |
2697.341 |
|
Defective pipes |
MT |
85.970 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
State Bank of Patiala, Rama Market, Pitampura, New Delhi – 110034,
Delhi, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
Notes: Secured against
hypothecation of inventories, Book Debts, Fixed Assets of the company beside
guarantee of the all directors. Outstanding balance of loan was Rs.38.5863
Millions.
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Arun Naresh and Company Chartered Accountant |
|
Address : |
37, Rani Jhansi Road, 1st Floor, Jhandewalan, New Delhi –
110055, Delhi, India |
|
PAN No.: |
AAFFA5631C |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs.10/- each |
Rs.7.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
570000 |
Equity Shares |
Rs.10/- each |
Rs.5.700
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 |
5.700 |
5.700 |
5.700 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
27.062 |
25.706 |
24.774 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
32.762 |
31.406 |
30.474 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
38.583 |
38.323 |
39.065 |
|
|
2] Unsecured Loans |
7.999 |
7.694 |
5.802 |
|
|
TOTAL BORROWING |
46.582 |
46.017 |
44.866 |
|
|
DEFERRED TAX LIABILITIES |
1.230 |
1.402 |
1.235 |
|
|
|
|
|
|
|
|
TOTAL |
80.574 |
78.825 |
76.575 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
13.739 |
14.690 |
16.993 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.107 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
38.338
|
32.006
|
22.079 |
|
|
Sundry Debtors |
41.102
|
23.190
|
28.500 |
|
|
Cash & Bank Balances |
7.816
|
2.647
|
3.462 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
11.672
|
9.165
|
7.489 |
|
Total
Current Assets |
98.928
|
67.008
|
61.530 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
21.544
|
|
0.505 |
|
|
Other Current Liabilities |
10.176
|
2.708
|
1.153 |
|
|
Provisions |
0.373
|
0.165
|
0.397 |
|
Total
Current Liabilities |
32.093
|
2.873
|
2.055 |
|
|
Net Current Assets |
66.835
|
64.135
|
59.475 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
80.574 |
78.825 |
76.575 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
233.500 |
221.500 |
265.500 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
232.026 |
220.181 |
264.114 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1.474 |
1.319 |
1.386 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.118 |
0.387 |
0.449 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1.356 |
0.932 |
0.937 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
5.481 |
4.549 |
3.612 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
6.837 |
5.481 |
4.549 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.38 |
1.64 |
1.64 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total
Income |
(%) |
0.58 |
0.42
|
0.35 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.31 |
1.96
|
2.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.04
|
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.42 |
1.47
|
1.47 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.08 |
23.32
|
29.94 |
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) |
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 |
UNSECURED LOAN
(Rs. In Millions)
|
|
As on 31.03.2012 |
As on 31.03.2011 |
|
Loans repayable on demand from relatives |
7.999 |
7.694 |
|
|
|
|
|
Total |
7.999 |
7.694 |
Note:
The Registered Office of the company has been shifted from X-20 Loha
Mandi, Naraina, New Delhi – 110028, India to the present address w.e.f.
01.04.2007
YEARS IN
RETROSPECT
The sale and other income for the financial years were Rs. 233.500 Millions as against Rs. 221.500 Millions for the previous financial year. The Profit after Tax was Rs.1.356 Millions as against Rs.0.932 Millions for the previous financial year.
CONTINGENT
LIABILITIES
(Rs. In Millions)
|
Particular |
31.03.2012 |
31.03.2011 |
|
Other money for which the company is contingently liable |
10.589 |
10.316 |
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration
number of the company |
U25209DL1999PTC123381 |
|
Name of the
company |
RUKMINI POLYTUBES
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
X-55/102, Loha Mandi, Naraina, New Delhi – 110028, India E-mail: arunnaresh.ca@gmail.com
|
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
80000161 |
|
Type of charge |
·
Immovable
property ·
Book
debts ·
Movable
property (not being pledge) ·
Others
(stock in trade and FDR (margin money against FLC) |
|
Particular of
charge holder |
State Bank of Patiala, Rama Market, Pitampura, New Delhi – 110034,
Delhi, India E-mail: b5403@sbp.co.in |
|
Nature of instrument
creating charge |
Supplementary
agreement dated 18.06.2012 of hypothecation of goods and assets for increase
in the overall limit and letter of arrangement dated 04/06/2012. |
|
Date of
instrument Creating the charge |
18.06.2012 |
|
Amount secured by
the charge |
Rs.72.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest For cash credit
limit interest at 4% above the base rate with monthly rest (at presently
14.5% p. a) and 50 % concession on commission charged for issuance of LC/FLC,
draft, and banker cheques. Terms of
Repayment Cash credit on
demand. Limit has been sanctioned for one year and can be renewed on
satisfactory operation in the account by the borrower. Margin A. The Margin Of
Cash Credit Limit Will Be As Under :- I) Raw Material (Stock) 20% Ii)Semi Finished and Finished Goods 20% Iii)Book Debts
40% B. LC/FLC 10%
In Shape of STDR Extent and
Operation of the charge CC limit OF Rs.
50.000 Millions LC and FLC Rs. 22.500 Millions with sub limit of Rs.1.000
Millions for bank guarantee. Secured against hypothecation of stock,
receivable and first charge on all current assets besides collateral security
of equitable mortage on factory Land and Building on Plot Khewat No. 484 to
485. Khatouni No. 1067 to 1072 Khasra No. 3055-012(and 018) and Biswa
Pukhta=1800 and 2700 respt. Sq. Yds in Shiva Udyog Vihar, Bahadurgarh,
Haryana, in the name of Ajay Kejriwal and Company respt. Value Rs.36.500
Millions. |
|
Date of
instrument modifying the charge |
13.02.2010 |
|
Particulars of
the present modification |
Cash credit limit
against stock and books debts increased from Rs.40.000 Millions to Rs.50.000
Millions (including books debt limit change from Rs.15.000 Millions to
Rs.25.000 Millions) and for LC/FLC limit increased from Rs.22.500 Millions
with sub limit of Rs.0.500 Millions for BG to Rs.22.500 Millions with sub
limit of Rs.1.000 Millions for BG( further one way convertibity of cc limit
into LC/FLC for Rs.20.000 Millions) |
FIXED ASSETS
·
Land – Free Hold
·
Building
·
Plant and Machinery
·
Electrical Installation
·
Generator
·
Motor Vehicle
·
Mobile Phone
·
Laptop
·
Motor Cycle
·
Truck
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.54.71 |
|
|
1 |
Rs.82.79 |
|
Euro |
1 |
Rs.71.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
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 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
27 |
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.