MIRA
INFORM REPORT
|
Report Date : |
07.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
TEMPLE PACKAGING PRIVATE LIMITED |
|
|
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|
Registered Office : |
E-111, Ansa Industrial Estate, Saki
Vihar Road, Sakinaka, Andheri (East), Mumbai – 400072, Maharashtra |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
29.06.1994 |
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Com. Reg. No.: |
11-079298 |
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Capital Investment / Paid-up Capital : |
Rs.72.073 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U28129MH1994PTC079298 |
|
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|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMT10863G |
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PAN No.: [Permanent
Account No.] |
AAACT9039P |
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Legal Form : |
Private Limited Liability
Company. |
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|
Line of Business : |
Manufacturer of Packaging
Materials, Cartons, Lables, Leaflets and Publicity Materials. |
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit
Limit : |
USD 220000 |
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|
Status : |
Moderate
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Payment
Behaviour : |
Unknown
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Litigation : |
Clear |
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Comments : |
Subject is an
established company having a moderate track record. The latest financial
of the company are not made available. As per previous
year’s financials, the company is found to be normal for business dealings. However, trade
relations are reported as fair. Business is active. Payment terms are
unknown. In absence of latest
financials, 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 |
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 : |
E-111, Ansa Industrial Estate,
Saki Vihar Road, Sakinaka, Andheri (East), Mumbai – 400072, Maharashtra,
India |
|
Tel. No.: |
91-22-28476221/ 28523282/ 28470490/ 28573461/ 28573451/ 28470282/ 28475720/ 33857000 |
|
Mobile No.: |
91-9322987821 (Mr. Pankaj Gor) |
|
Fax No.: |
91-22-66924952/ 28522501/ 28474501 |
|
E-Mail : |
pankaj.gor@templepackaging.co.in pranav.joshi@templepackaging.co.in sangeeta.kotian@templepackaging.co.in |
|
Area : |
3000 sq. ft |
|
Location : |
Rented and owned |
|
|
|
|
Press : |
C-14, C-16, C-114, D-103 and
C-118, Ansa Industrial Estate, |
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|
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|
Factory 1 : |
C-16/14, Ansa Industrial Estate, Saki Vihar Road, Sakinaka, Mumbai – 400072, Maharashtra, India |
|
Tel. No.: |
91-22-28473599 |
|
Area : |
25000 sq.fts |
|
Location : |
Rented and owned |
|
|
|
|
Factory 2 /
Servicing Unit 1: |
Survey No. 171/3 and 171/1,
Behind Olive Health Care, Hatiyawad Village Dabhel, Nani Daman – 396210,
India |
|
Tel No.: |
91-260-2243472/ 2243670/
2241096/ 2241097/ 3207876/ 3207877/ 3207878/ 3927100/ 2241782/ 2241783/
2241784/ 2241785/ 2241788 |
|
Fax No.: |
91-260-2241618/ 2241781 |
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E-mail: |
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|
Area: |
8361 Sq. Mtrs (Manufacturing) 4180 Sq. Mtrs (Servicing Unit) |
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|
|
|
Factory 3 / Servicing Unit 2: |
Khasra No. 1319 / 1, 1319 / 2,
Hill Top Industrial Estate, Jhar Majri, Baddi, Tehsil Nalagarh, District Solan,
P.O. Barotiwala - 174103, Himachal Pradesh, India |
|
Tel No.: |
91-1795-271835/ 271837/ 323400/
323137 |
|
Fax No.: |
91-1795-271838 |
|
Area: |
3716 Sq. Mtrs (Manufacturing) 1579 Sq. Mtrs (Servicing Unit) |
DIRECTORS
As on: 28.09.2012
|
Name : |
Mr. Pranav Vinod Joshi |
|
Designation : |
Director |
|
Address : |
A-6, Paradise, S V Road, Andheri
(West), Mumbai – 400058, Maharashtra, India |
|
Date of Birth/Age : |
22.07.1958 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
29.06.1994 |
|
DIN No.: |
00355718 |
|
|
|
|
Name : |
Mr. Vimal Vinod Joshi |
|
Designation : |
Director |
|
Address : |
26, Yeshomangal, Lallubhai S.
Road, Andheri (West), Mumbai – 400058, Maharashtra |
|
Date of Birth/Age : |
27.01.1961 |
|
Qualification : |
B.Com and Diploma in Printing |
|
Date of Appointment : |
29.06.1994 |
|
DIN No.: |
01564494 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 28.09.2012
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
|
|
|
|
Pranav Joshi |
|
40135 |
|
Vimal Joshi |
|
40135 |
|
Temple Printed Cartons Private Limited, India |
|
1315 |
|
|
|
|
|
Total |
|
81585 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
|
|
|
|
Safal Resorts Private Limited, India |
|
10000 |
|
Alken Management and Financial Services
Private Limited, India |
|
15000 |
|
Komal Commercial Limited, India |
|
7150 |
|
Abhilasha Money Opreations Private Limited,
India |
|
10000 |
|
Lexus Infotech Limited, India |
|
5000 |
|
Talent Infoway Limited, India |
|
15000 |
|
Alliance Intermediateries and Network
Private Limited, India |
|
15000 |
|
Tac Technosoft Private Limited, India |
|
20000 |
|
Temple Printed Cartoon Private Limited, India |
|
442000 |
|
|
|
|
|
Total |
|
539150 |
As on: 28.09.2012
|
Equity Share
Break-up |
|
Percentage of
Holding |
|
Directors or relatives of the Directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Packaging
Materials, Cartons, Lables, Leaflets and Publicity Materials. |
||||||
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Products : |
· Outserts · Inserts · Medication Guides · Doctor’s Sampling Covers · Labels · Tags |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
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Bankers : |
·
Axis Bank, Pathancher,
Hyderabad, Andhra Pradesh, India ·
ICICI
Bank, Andheri (West) Branch, Mumbai, Maharashtra, India ·
Bank
of Baroda, Daman, India ·
The
Saraswat Co-operative Bank Limited, SME Vile Parle Branch, Bholanath
Co-operative Housing Society, Subhash Road, Vile Parle (East), Mumbai –
400057, Maharashtra, India ·
The Saraswat Co-operative Bank Limited, Juhu Beach, Madhusagar, N. S. Road No. 13,
Near Juhu Church, Mumbai - 400049, Maharashtra, India |
||||||||||||||||||||||||||||||
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Facilities : |
Notes: (A) Suppliers Credit against Capital Goods |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Ranawat Soni and Company Chartered Accountants |
|
Address : |
107-B, Sagar Shopping Centre, 76, J. P. Road, Andheri (West), Mumbai
400058, Maharashtra, India |
|
Tel. No.: |
91-22-26773676 |
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Fax No.: |
91-22-26775507 / 26775956 |
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Pan No.: |
AAAFR4844B |
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|
|
|
Related Parties:
|
·
Temple Printed
Cartons Private Limited ·
Sungold Packaging
Private Limited |
CAPITAL STRUCTURE
As on: 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
300000 |
Equity Shares |
Rs.100/- each |
Rs.30.000 Millions |
|
800000 |
Preference Shares |
Rs.100/- each |
Rs.80.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.110.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
81585 |
Equity Shares |
Rs.100/- each |
Rs.8.158
Millions |
|
539150 |
Preference Shares |
Rs.100/- each |
Rs.53.915
Millions |
|
|
|
|
|
|
|
Total |
|
Rs.62.073 Millions |
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
300000 |
Equity Shares |
Rs.100/- each |
Rs.30.000 Millions |
|
800000 |
Preference Shares |
Rs.100/- each |
Rs.80.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.110.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
81585 |
Equity Shares |
Rs.100/- each |
Rs.8.158
Millions |
|
639150 |
Preference Shares |
Rs.100/- each |
Rs.63.915
Millions |
|
|
|
|
|
|
|
Total |
|
Rs.72.073 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
72.073 |
53.673 |
27.874 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
425.874 |
254.962 |
175.709 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
497.947 |
308.635 |
203.583 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
498.767 |
391.921 |
323.630 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
3.903 |
|
|
TOTAL BORROWING |
498.767 |
391.921 |
327.533 |
|
|
DEFERRED TAX LIABILITIES |
31.560 |
25.926 |
18.860 |
|
|
|
|
|
|
|
|
TOTAL |
1028.274 |
726.482 |
549.976 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
795.490 |
604.997 |
447.284 |
|
|
Capital work-in-progress |
69.881 |
18.695 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.025 |
0.025 |
0.025 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
55.723
|
48.914
|
43.800
|
|
|
Sundry Debtors |
265.466
|
151.472
|
136.632
|
|
|
Cash & Bank Balances |
57.068 |
47.401 |
15.132 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
52.711
|
51.421
|
29.682
|
|
Total
Current Assets |
430.968
|
299.208
|
225.246
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
93.068
|
126.211
|
108.955
|
|
|
Other Current Liabilities |
80.879
|
31.001
|
0.000
|
|
|
Provisions |
94.143
|
39.231
|
13.624
|
|
Total
Current Liabilities |
268.090
|
196.443
|
122.579
|
|
|
Net Current Assets |
162.878
|
102.765
|
102.667
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1028.274 |
726.482 |
549.976 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1303.003 |
873.043 |
697.602 |
|
|
|
Other Income |
8.159 |
4.642 |
6.181 |
|
|
|
TOTAL (A) |
1311.162 |
877.685 |
703.783 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
913.116 (Including
Financial Expenses) |
658.107 (Including
Financial Expenses) |
505.576 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
198.207 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
57.336 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
398.046 |
219.578 |
140.871 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
125.779 |
84.773 |
78.069 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
272.267 |
134.805 |
62.802 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
101.355 |
55.553 |
12.342 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
170.912 |
79.252 |
50.460 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
133.778 |
38.810 |
NA |
|
|
|
Stores & Spares |
4.212 |
7.227 |
NA |
|
|
|
Capital Goods |
266.944 |
191.461 |
NA |
|
|
TOTAL IMPORTS |
404.934 |
237.498 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
237.14 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
PAT / Total Income
|
(%)
|
13.04
|
9.03
|
7.17
|
|
|
|
|
|
|
Net Profit Margin
(PBT/Sales) |
(%) |
20.90
|
15.44
|
9.00
|
|
|
|
|
|
|
Return on Total Assets
(PBT/Total Assets} |
(%) |
22.20
|
14.91
|
9.34
|
|
|
|
|
|
|
Return on Investment (ROI)
(PBT/Networth) |
|
0.55
|
0.44
|
0.31
|
|
|
|
|
|
|
Debt Equity Ratio
(Total Debt/Networth) |
|
1.00
|
1.27
|
1.61
|
|
|
|
|
|
|
Current Ratio
(Current Asset/Current Liability) |
|
1.61
|
1.52
|
1.84
|
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 |
Yes |
|
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 |
Yes |
|
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 |
No |
|
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 / Performance
The turnover during the year 2010-11 increased to Rs 1303.003 Millions
from Rs 873.042 Millions in the previous year. The Gross Profit after interest but
before Depreciation and tax for this year is Rs 398.046 Millions
Future Prospects
Operating during the current year
are satisfactory and working results are expected to be encouraging.
Share Capital:
A) Pursuant to the
approval of shareholder in an Extra Ordinary General Meeting (EGM) held on Of
the Company has been increased from Rs.80.000 Millions (divided Into 2,00,000
equity share of Rs. 100 each and 6,00,000, 1% Convertible Preference share of
Rs. 100 each) to Rs. 110.000 Millions Divided into 3,00,000 equity share of Rs.
100 each and 8,00,000 1% Convertible Preference share of Rs. 100 each).
B) The Paid up
Capital includes 11,000 Equity Shares of Rs. 100/- each Allotted as fully paid
up pursuant to assignment, without payment being received in cash.
C) The Company has issued 639150 1 % convertible Preference Shares of
Rs.100 each with a option to convert
D) The Company has allotted 442000 1% convertible preference shares to
the Company under the same Management.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U28129MH1994PTC079298 |
|
Name of the
company |
TEMPLE PACKAGING PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
E-111, Ansa Industrial Estate,
Saki Vihar Road, Sakinaka, Andheri (East), Mumbai – 400072, Maharashtra,
India E-mail : pankaj.gor@templepackaging.co.in |
|
This form is for |
Creation of
charges |
|
Type of charge |
Movable property |
|
Particular of
charge holder |
The Saraswat Co-operative Bank Limited, SME Vile Parle Branch, Bholanath Co-operative Housing Society, Subhash Road, Vile Parle (East), Mumbai – 400057, Maharashtra, India E-Mail: s_sukhtankar@saraswatbank.com |
|
Nature of
instrument creating charge |
Agreement of
Hypothecation of Movable Property |
|
Date of
instrument Creating the charge |
06.11.2012 |
|
Amount secured by
the charge |
Rs.71.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest 14.5% p.a. or at
such rate as maybe determined by the bank from time to time Terms of repayment On demand or by 06
November 2017 if the same is not demanded earlier Margin 25% Extent and operation of the charge This is term
loan facility |
|
Short particular
of the property or asset(s) charged |
Hypothecation of
machinery, tangible movable property (both present and future) belonging to
the borrowers and lying and being at the borrowers place of business at Plot
no 286/E, Phase III, IP Pashamylaram, Pathancheru MDL Dist Medak Hyderabad
502307 or Survey no 171/2 and 171/7 behind Olive Healthcare Hatiyawad,
Village Dabhel Nani Daman or Khasra No 1319/1, 1319/2 Village Bhatoli Kalan
Tehsil Nalagarh District Solan P O Baddi 173203 Himachal Pradesh or whereverelse the same may be. |
FIXED ASSETS:
· Land
· Factory and Building
· Plant and Machinery
· Patents- Vijuk
· Forklift
· Two Wheelers
· Four Wheelers
· Three Wheelers
· Six Wheelers
· Furniture and Fixtures
· Computers
· Motor Cars
· Factory Equipment
· Office Equipment
· Six Wheelers
CMT REPORT (Corruption, Money Laundering and 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 and RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
33 |
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.