1. Summary Information
|
|
|
Country |
India |
|
Company Name |
PCH RETAIL LIMITED |
Principal Name 1 |
Mr. Balvinder Singh |
|
Status |
Moderate |
Principal Name 2 |
Mr. Baljit Kaur |
|
|
|
Registration # |
01-52227 |
|
Street Address |
103 - 107, Maheswari Chambers, Somajiguda, Hyderabad-500 082, Andhra
Pradesh, India |
||
|
Established Date |
03.01.2007 |
SIC Code |
-- |
|
Telephone# |
91-40-23317853 |
Business Style 1 |
The Company is
Trading in Electronics Goods, Mobile Phones, Furniture and Furnishings. |
|
Fax # |
91-40-23316310 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
Rs.266,385,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors
or relatives of directors 66.42% Bodies Corporate
33.58 |
Banking |
State Bank of India |
|
Public Limited Corp. |
NO |
Business Period |
6 years |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
B(26) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
-- |
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
804,706,000 |
Current Liabilities |
132,590,000
|
|
Inventories |
965,869,000 |
Long-term Liabilities |
1653,542,000 |
|
Fixed Assets |
1189,710,000 |
Other Liabilities |
87,532,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
1,873,664,000 |
|
Invest& other Assets |
116,458,000 |
Retained Earnings |
763,874,000 |
|
|
|
Net Worth |
1,203,079,000 |
|
Total Assets |
3,076,743,000 |
Total Liab. & Equity |
3,076,743,000 |
|
Total Assets (Previous Year) |
2130,226,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
6577,134, 000 |
Net Profit |
87,920,000 |
|
Sales(Previous yr) |
4317, 217, 000 |
Net Profit(Prev.yr) |
84,491,000 |
|
Report Date : |
19.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
PCH RETAIL LIMITED |
|
|
|
|
Registered
Office : |
103 - 107, Maheswari Chambers, Somajiguda, Hyderabad-500 082, Andhra
Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on)
: |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
03.01.2007 |
|
|
|
|
Com. Reg. No.: |
01-52227 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs 266.385
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999AP2007PLC052227 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDP04297G |
|
|
|
|
Legal Form : |
A closely held public limited liability company. |
|
|
|
|
Line of Business
: |
The Company is
Trading in Electronics Goods, Mobile Phones, Furniture and Furnishings. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
USD 4800000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. Latest
financial is 2010-2011 and 2011-2012 are not available. As per old record of
(2010) we found that the company is normal for business dealing, However, in
absence of latest financial payments terms are unknown. Business is active. The company can be considered for business with great 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISL |
|
Rating |
D (Letter of Credit) |
|
Rating Explanation |
Are in default and expected to be in default |
|
Date |
May 9, 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 : |
103 - 107, Maheshwari Chambers, Somajiguda, Hyderabad-500 082, Andhra
Pradesh, India |
|
Tel. No.: |
91-40-23317853 /49094909 |
|
Fax No.: |
91-40-23316310 /49094910 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate
Office: |
8-2-269 / 4 / 3 / D, Survey No. 403/1, 5th Floor, Road No.
2, Banjara Hills, Hyderabad 500034, Andhra Pradesh, India |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Balvinder Singh |
|
Designation : |
Managing Director |
|
Address : |
Flat No.502, Banjara Petals, Road No.5, Banjara Hills, Hyderabad-500
034, |
|
Date of Birth/Age : |
31.03.1969 |
|
Date of Appointment : |
03.01.2007 |
|
DIN No : |
00959474 |
|
|
|
|
Name : |
Mr. Baljit Kaur |
|
Designation : |
Whole Time Director |
|
Address : |
Flat No.502, Banjara Petals, Road No.5, Banjara Hills, Hyderabad-500
034, |
|
Date of Birth/Age : |
17.04.1974 |
|
Date of Appointment : |
03.01.2007 |
|
DIN No : |
01715792 |
|
|
|
|
Name : |
Mr. Bomakanti Narasimha Sirish |
|
Designation : |
Director |
|
Address : |
H.No.6-3-865/1/1, Imperial Manor, Flat No.107, |
|
Date of Birth/Age : |
13.09.1963 |
|
Date of Appointment : |
04.01.2007 |
|
DIN No : |
02023568 |
|
|
|
|
Name : |
Mr. Iyer Rangarajan |
|
Designation : |
Director |
|
Address : |
C-410, Kubera Towers, Ward No.5, Cir Cleno VII, Tirumulgherry,
Secunderabd-500 015, Andhra Pradesh, India |
|
Date of Birth/Age : |
31.10.1941 |
|
Date of Appointment : |
01.12.2008 |
|
DIN No : |
01839851 |
|
|
|
|
Name : |
Mr. M. Satyanarayana Murthy |
|
Designation : |
Director |
|
Address : |
FL 303/11, Vysya Bank Apartments, Opposite Sri Ramanilayam, Huda
Complex, Saroornagar, Hyderabad- 500 035, Andhra Pradesh, India |
|
Date of Birth/Age : |
01.06.1948 |
|
Date of Appointment : |
01.12.2008 |
|
DIN No : |
02890135 |
|
|
|
|
Name : |
Mr. Bijay Kumar Mohanty |
|
Designation : |
Whole TimeDirector |
|
Address : |
Flat No.FF01, H No.26-122/40, Sheetal Aparments, Sarada Nagar,
Safilguda Hyderabad-500 047, Ahdhra Pradesh, India |
|
Date of Birth/Age : |
06.10.1952 |
|
Date of Appointment : |
26.08.2010 |
|
DIN No : |
03199999 |
KEY EXECUTIVES
|
Name : |
Mr. Alluri Sree Nagamani |
|
Designation : |
Company Secretary |
|
Address : |
Flat No.420A, |
|
Date of Birth/Age : |
11.11.1984 |
|
Date of Appointment : |
25.06.2010 |
|
|
|
|
Name : |
Mr. Srinivasarao Kolagani |
|
Designation : |
Company Secretary |
|
Date of Appointment : |
15.12.2010 |
|
PAN No.: |
BGPPK1231D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Balvinder Singh |
14012233 |
|
Baljit Kaur |
3682663 |
|
B |
100 |
|
Madhu Kiron |
1 |
|
G V Subba Rao |
1 |
|
S Ranga Rajan |
1 |
|
G. Suresh Prabhu |
1 |
|
Miller Chemicals Private Limited, India |
25000 |
|
Sublink Trading and Investment Private Limited , India |
105000 |
|
Romex Corporate Services private Limited, India |
200000 |
|
Florian Advertising and marketing Private Limited, |
200000 |
|
Fordaon Advertising and marketing Private Limited, |
200000 |
|
Gap Investment Consultancy Private Limited, Mumbai, Maharashtra, India
|
960500 |
|
Aakar Security Service Private Limited, Mumbai, Maharashtra, India |
2277500 |
|
Infoedge Capital Service Private Limited, Bhayandar, Maharashtra,
India |
4975500 |
|
|
|
|
Total
|
26638500 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
33.58 |
|
Directors
or relatives of directors |
|
66.42 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is
Trading in Electronics Goods, Mobile Phones, Furniture and Furnishings. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
|
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
·
3i Infotech Trusteeship Services Limited, 3rd to
6th Floor, International Infotech Park,
Tower No.5, Vashi Railway Station Complex, Vashi, Navi Mumbai -
400703, Maharashtra, India ·
Tata Capital Limited, One Forbes, Dr. V B
Gandhi Marg, Fort, Mumbai 400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
N. A. Hariharan Chartered Accountant |
|
Address : |
504, |
|
Tel. No.: |
91-40-27224793 |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
No. of Shares |
Type |
Value |
Amount |
|
45000000 |
Equity Shares |
Rs.10/- Each |
Rs. 450.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
No. of Shares |
Type |
Value |
Amount |
|
26638500 |
Equity Shares |
Rs.10/- Each |
Rs. 266.385 Millions |
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
40000000 |
Equity Shares |
Rs.10/- Each |
Rs. 400.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
224705000 |
Equity Shares |
Rs.10/- Each |
Rs. 224.705 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
224.705 |
202.785 |
146.035 |
|
|
2] Share Application Money |
214.500 |
140.000 |
0.750 |
|
|
3] Reserves & Surplus |
763.874 |
478.674 |
114.733 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1203.079 |
821.459 |
261.518 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1648.901 |
1108.843 |
542.166 |
|
|
2] Unsecured Loans |
4.641 |
14.002 |
0.000 |
|
|
TOTAL BORROWING |
1653.542 |
1122.845 |
542.166 |
|
|
DEFERRED TAX LIABILITIES |
14.007 |
14.002 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2870.628 |
1944.304 |
803.684 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1189.710 |
847.839 |
216.665 |
|
|
Capital work-in-progress |
92.423 |
95.434 |
20.949 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
965.869
|
719.003 |
447.464 |
|
|
Sundry Debtors |
522.463
|
342.508 |
200.803 |
|
|
Cash & Bank Balances |
108.465
|
36.647 |
15.930 |
|
|
Other Current Assets |
173.778
|
71.924 |
41.005 |
|
|
Loans & Advances |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1770.575
|
1170.082 |
705.202 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
132.590
|
124.035 |
46.194 |
|
|
Other Current Liabilities |
0.000 |
0.000 |
0.000 |
|
|
Provisions |
73.525
|
61.887 |
94.165 |
|
Total
Current Liabilities |
206.115
|
185.922 |
140.359 |
|
|
Net Current Assets |
1564.460
|
984.160 |
564.843 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
24.035 |
16.871 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2870.628 |
1944.304 |
803.684 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
6577.134 |
4317.217 |
2197.057 |
|
|
|
Other Income |
250.363 |
278.954 |
0.000 |
|
|
|
TOTAL (A) |
6827.497 |
4596.171 |
2197.057 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchased made for Resale |
6140.996 |
4135.852 |
2143.736 |
|
|
|
Salaries, Wages and Bonus |
42.314 |
32.951 |
22.304 |
|
|
|
Managerial Remuneration |
6.000 |
6.029 |
2.187 |
|
|
|
Payment of Auditors |
0.200 |
0.100 |
0.040 |
|
|
|
Insurance Expenses |
3.049 |
1.971 |
1.463 |
|
|
|
Power and Fuel |
1.512 |
1.089 |
4.309 |
|
|
|
Other Expenditure |
117.668 |
102.435 |
83.426 |
|
|
|
Increase and Decrease in finished Goods |
0.000 |
0.000 |
(232.926) |
|
|
` |
TOTAL (B) |
6311.739 |
4280.427 |
2024.539 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
515.758 |
315.744 |
251.011 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
223.296 |
131.645 |
47.487 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
292.462 |
184.099 |
203.524 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
155.031 |
52.101 |
23.269 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
137.431 |
131.998 |
101.762 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
49.511 |
4 7.507 |
36.025 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
87.920 |
84.491 |
65.737 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.34 |
- |
- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.29
|
1.84 |
2.99 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.09
|
3.06 |
4.63 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.64
|
6.52 |
11.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11
|
0.16 |
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.55
|
1.59 |
2.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
8.59
|
6.29 |
5.02 |
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 |
No |
|
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 |
Yes |
NOTE :
The registered office of the company has been shifted from 103,104,105 A,
105B 106 And 107 Maheswari Chambers, Hyderabad 500082, Andhra Pradesh, India to
the present address w,e,f 24.03.2011
FUTURE PROSPECTS:
The Operations of
the Company has progressively increased compared to previous year. The Board is
confident of continuing the same during the financial year and expects a good future in the coming
years. Your directors are glad
to inform that the company has made significant headway towards
the development of Business.
During the financial year 2009-10, there was a significant increase in the sales and gross revenues
of the company. The company generated sales of Rs.6570 millions as against Rs.4310 millions in the last year.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U74999AP2007PLC052227 |
|
Name of the
company |
PCH RETAIL LIMITED |
|
Address of the
registered office or of the principal place of business in |
103 - 107, Maheshwari Chambers, Somajiguda, Hyderabad-500 082, Andhra
Pradesh, India |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
·
India Infoline
Finance Limited IIFL House, Sun Infotech Park, Road No.16V, Plot No. B-23. Thane
Industrial Area, Wangle Estate, Thane-400 604, Maharashtra, India Email : sunil.lotke@indiainfoline.com |
|
Nature of
instrument creating charge |
Deposit Of Title
Deeds |
|
Date of
instrument Creating the charge |
26.11.2011 |
|
Amount secured by
the charge |
Rs. 42.500
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest Floating Interest
of 14% Terms of Repayment Repayable in 120
months Margin NIL Extent and Operation of the charge As stated in the
agreement |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Equitable
mortgage of property situated at plot no 21, 2, 20/a and 20/b, 3/a and 3/b
S.Y No 221, Madinaguda Village, Serilingampally Mandal, RR District |
·
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. 54.29 |
|
|
1 |
Rs.81.94 |
|
Euro |
1 |
Rs.70.02 |
INFORMATION DETAILS
|
Report Prepared
by : |
RSMK |
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 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.