1. Summary Information
|
Country |
|
||
|
Company Name |
KOHINOOR
TELEVIDEO PRIVATE LIMITED |
Principal Name 1 |
Mr. Ramchand Phagunmal Mewani |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Vishal Ramchand Mewani |
|
Registration # |
11-057184 |
||
|
Street Address |
182, Haji Habib Building, Opposite Fire Brigade, Dr. Ambedkar Road,
Dadar (East), Mumbai - 400014, Maharashtra |
||
|
Established Date |
10.07.1990 |
SIC Code |
-- |
|
Telephone# |
91-22-23821472 |
Business Style 1 |
Trader |
|
Fax # |
91-22-23827154 |
Business Style 2 |
Supplier |
|
Homepage |
Not Available |
Product Name 1 |
Electronic Goods |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 2,500,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors 100.00% |
Banking |
ING Vysya Bank
Limited |
|
Public Limited Corp. |
No |
Business Period |
22 years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba
(45) |
|
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 |
179,520,000 |
Current Liabilities |
80,177,000 |
|
Inventories |
204,909,000 |
Long-term Liabilities |
296,347,000 |
|
Fixed Assets |
325,909,000 |
Other Liabilities |
66,763,000 |
|
Deferred Assets |
605,000 |
Total Liabilities |
443,287,000 |
|
Invest& other Assets |
9,000 |
Retained Earnings |
265,165,000 |
|
|
|
Net Worth |
267,665,000 |
|
Total Assets |
710,952,000 |
Total Liab. & Equity |
710,952,000 |
|
Total Assets (Previous Year) |
480,000,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
1,723,000,000 |
Net Profit |
64,248,000 |
|
Sales(Previous yr) |
1,450,400,000 |
Net Profit(Prev.yr) |
72,055,000 |
MIRA INFORM REPORT
|
Report Date : |
25.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
KOHINOOR TELEVIDEO PRIVATE LIMITED (w.e.f. 07.11.2009) |
|
|
|
|
Formerly Known
As : |
GANESH TELEVIDEO AGENCIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
182, Haji Habib Building, Opposite Fire Brigade, Dr. Ambedkar Road,
Dadar (East), Mumbai - 400014, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
10.07.1990 |
|
|
|
|
Com. Reg. No.: |
11-057184 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32200MH1990PTC057184 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMG06501F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG1298B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader, Distributors
and Supplier of Electronic and Electrical Goods. |
|
|
|
|
No. of Employees
: |
Not Available |
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 1070000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. There appears slight dip in the profits during 2012. However,
financial position of the company is good. Trade relations are reported as decent. Business is active. Payments
are reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
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
|
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 : |
182, Haji Habib Building, Opposite Fire Brigade, Dr. Ambedkar Road,
Dadar (East), Mumbai - 400014, Maharashtra, India |
|
Tel. No.: |
91-22-23821472/ 24156900/ 61160400 |
|
Fax No.: |
91-22-23827154/ 24127994 |
|
E-Mail : |
|
|
Location: |
Owned |
|
|
|
|
Head Office/Shop : |
339, |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Ramchand Phagunmal Mewani |
|
Designation : |
Managing director |
|
Address : |
13th Floor, Privthvi Apartment, Altamount Road,
Mumbai – 400026, Maharashtra,
India |
|
Date of Birth/Age : |
23.03.1944 |
|
Date of Appointment : |
10.07.1990 |
|
PAN No.: |
AALPM2982J |
|
DIN No.: |
00214514 |
|
|
|
|
Name : |
Mr. Vishal Ramchand Mewani |
|
Designation : |
Director |
|
Address : |
13th Floor, Privthvi Apartment, Altamount Road,
Mumbai – 400026, Maharashtra,
India |
|
Date of Birth/Age : |
07.04.1974 |
|
Date of Appointment : |
30.09.1993 |
|
PAN No.: |
AFPPM2094G |
|
DIN No.: |
00214523 |
|
|
|
|
Name : |
Mr. Sanjay Ramchand Mewani |
|
Designation : |
Director |
|
Address : |
13th Floor, Privthvi Apartment, Altamount Road,
Mumbai – 400026, Maharashtra,
India |
|
Date of Birth/Age : |
30.12.1980 |
|
Date of Appointment : |
02.04.1998 |
|
PAN No.: |
AFNPM9829D |
|
DIN No.: |
00214529 |
|
|
|
|
Name : |
Mrs. Bharati Ramchand Mewani |
|
Designation : |
Director |
|
Address : |
13th Floor, Privthvi Apartment, Altamount Road,
Mumbai – 400026, Maharashtra,
India |
|
Date of Birth/Age : |
01.05.1947 |
|
Date of Appointment : |
10.07.1990 |
|
PAN No.: |
AFOPM2333K |
|
DIN No.: |
00214534 |
|
|
|
|
Name : |
Mrs. Priyanka Vishal Mewani |
|
Designation : |
Director |
|
Address : |
13th Floor, Privthvi Apartment, Altamount Road,
Mumbai – 400026, Maharashtra,
India |
|
Date of Birth/Age : |
31.07.1975 |
|
Date of Appointment : |
02.04.1998 |
|
PAN No.: |
AAAPL7279G |
|
DIN No.: |
00214537 |
|
|
|
|
Name : |
Mrs. Varsha Sanjay Mewani |
|
Designation : |
Director |
|
Address : |
13th Floor, Privthvi Apartment, Altamount Road,
Mumbai – 400026, Maharashtra,
India |
|
Date of Birth/Age : |
17.11.1980 |
|
Date of Appointment : |
25.06.2003 |
|
PAN No.: |
ALIPS5933R |
|
DIN No.: |
00214540 |
|
|
|
|
Name : |
Mr. Rahul Dinesh Parwani |
|
Designation : |
Director |
|
Address : |
4, Neel Ganga, 1 Floor, 24 Road, Bandra, Mumbai – 400050, Maharashtra,
India |
|
Date of Birth/Age : |
02.09.1991
|
|
Date of Appointment : |
01.04.2011 |
|
PAN No.: |
AIWPP6008P |
|
DIN No.: |
03523346 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Ramchand Phagunmal Mewani |
|
3030 |
|
Vishal Ramchand Mewani |
|
15250 |
|
Sanjay Ramchand Mewani |
|
6700 |
|
Bharati Ramchand Mewani |
|
10 |
|
Priyanka Vishal Mewani |
|
10 |
|
|
|
|
|
Total |
|
25000 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Distributors
and Supplier of Electronic and Electrical Goods. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
ING Vysya Bank
Limited, 804/A, Ground Floor, Ghamat Lodge, Dr. Ambedkar Road, TT Terminus,
Dadar East,, Mumbai - 400014, Maharashtra, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mulraj D Gala Chartered Accountant |
|
Address : |
B-21, Shashtri
Niketan, R K Chemburkar Marg, Behind Telephone Exchange, Chembur Naka,
Mumbai, Maharashtra, India |
|
Tel. No.: |
91-22-25294941 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAIPC0792P |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25,000 |
Equity Shares |
Rs. 100/- each |
Rs. 2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25,000 |
Equity Shares |
Rs. 100/- each |
Rs. 2.500 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 |
2.500 |
2.500 |
2.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
265.165 |
201.541 |
131.374 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
267.665 |
204.041 |
133.874 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
277.195 |
121.465 |
92.426 |
|
|
2] Unsecured Loans |
19.152 |
11.006 |
8.005 |
|
|
TOTAL BORROWING |
296.347 |
132.471 |
100.431 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
564.012 |
336.512 |
234.305 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
325.909 |
208.520 |
140.115 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.009 |
0.009 |
0.007 |
|
|
DEFERRED TAX ASSETS |
0.605 |
0.214 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
204.909
|
154.934 |
125.877
|
|
|
Sundry Debtors |
59.970
|
55.308 |
17.956
|
|
|
Cash & Bank Balances |
10.777
|
8.791 |
11.223
|
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
108.773
|
52.224 |
17.236
|
|
Total
Current Assets |
384.429
|
271.257 |
172.292
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
50.547
|
55.690 |
49.168
|
|
|
Other Current Liabilities |
29.630
|
36.059 |
12.685
|
|
|
Provisions |
66.763
|
51.739 |
16.256
|
|
Total
Current Liabilities |
146.940
|
143.488 |
78.109
|
|
|
Net Current Assets |
237.489
|
127.769 |
94.183
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
564.012 |
336.512 |
234.305 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1723.000 |
1450.400 |
1176.600 |
|
|
|
Other Income |
N.A. |
N.A. |
N.A. |
|
|
|
TOTAL |
N.A. |
N.A. |
N.A. |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
N.A. |
N.A. |
N.A. |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
113.409 |
119.946 |
56.528 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
18.272 |
12.148 |
7.804 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
95.137 |
107.798 |
48.724 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
30.889 |
35.743 |
16.256 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
64.248 |
72.055 |
32.468 |
|
|
|
|
|
|
|
|
|
Add/ Less |
TAX ADJUSTMENT
(PREVIOUS YEAR) |
(0.624) |
(1.012) |
(0.310) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
63.624 |
71.043 |
32.158 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2569.92 |
1298.72 |
994.17 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PBT/Sales) |
(%) |
5.52
|
7.43 |
4.14 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.39
|
22.47 |
15.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.36
|
0.53 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.11
|
0.65 |
0.75 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.62
|
1.89 |
2.21 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Rupee term loans from banks |
19.152 |
11.006 |
|
Total |
19.152 |
11.006 |
Note:
The registered address of the company has been shifted from Shop No. 44,
Rajesh Bldglamington Road, Mumbai – 400007, Maharashtra, India to the present
w.e.f.02.03.2010
OPERATION
The sales volume
for the financial year ended 31st March 2012 was Rs. 1723.000 Millions as
compared to Rs. 1450.400 Millions of the previous years. Profit before tax is
Rs. 95.100 Millions.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U32200MH1990PTC057184 |
|
Name of the
company |
KOHINOOR
TELEVIDEO PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
182, Haji Habib Building, Opposite Fire Brigade, Dr. Ambedkar Road,
Dadar (East), Mumbai - 400014, Maharashtra, India |
|
This form is for |
Modification of charge |
|
Charge
identification number of the modified |
10173793 |
|
Type of charge |
Immovable property Book debts Movable property (not being pledge) Floating charge |
|
Particular of
charge holder |
ING Vysya Bank
Limited, 804/A, Ground Floor, Ghamat Lodge, Dr. Ambedkar Road, TT Terminus,
Dadar East, Mumbai - 400014, Maharashtra, India Email: vlaxman@vsnl.com CIN No.:
L85110KA1930PLC000124 |
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum
Recording Transaction of Creation of Equitable Mortgage by Deposit of Title
Deeds by Constructive Delivery (for Additional loan/advances against the same
property /ies- For self or Third Party Loan). |
|
Date of
instrument Creating the charge |
16.11.2012 |
|
Amount secured by
the charge |
Rs. 140.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest OD-SIT/BD : IVBR
+ 1.05% (Present IVBR is 10.45% p.a.). Terms of Repayment OD-SIT/BD :
Loan/s shall be Repayable on demand. Margin OD-SIT/BD : 25% against
Finished goods and book debts. Extent and Operation of the charge The Company
created an equitable mortgage by way of deposit of title deeds (by
constructive delivery) in respect of its immovable properties as stated under
item No.15 below as security for the due repayment of dues under the credit
facilities aggregating Rs.140.000 Millions by the Company, including
principal amount of the Facility, interest, liquidated damages, costs,
charges and expenses etc. Others OD-SIT/BD :
Rs.140.000 Millions. |
|
Short particulars
of the property charged |
Immovable
property being Shop No1 in the building known as Hoshbanoo Mansion, Tika no
22, CTS no 25B, Gokhale Road, Next to BTC Gallery, Village - Naupada, Thane
(West). Immovable
property being Medical centre on the 1st Floor in the building along with car
parking no 6, Tika no 22, CTS no 25B, Gokhale Road, Next to BTC Gallery,
Village - Naupada, Thane (West). Entire stock in
trade of the company stored at various places. Entire book debts
of the company both present and future. |
|
Date of
Modification |
28.09.2012 |
|
Particulars of
the present modification |
In addition to
the existing securities of Stocks and book debts, the charge of Rs.140.000
Millions shall also now secure against
the equitable mortgage of immovable properties of the Company being lying and
situated at Village - Naupada, Thane (West). |
FIXED ASSETS:
Ø Goodwill
Ø Furniture and Fixture
Ø Car
Ø Motor Cycle
Ø Scooter
Ø Air Conditioner
Ø EPABX
Ø Video Camera System
Ø Inverter
Ø Mobile Phones
Ø Fax machines
Ø Attendance Machine
Ø Counting Machine
Ø Detector Machine
Ø Safe Locker
Ø Water Purifier
Ø Computers
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. 54.34 |
|
|
1 |
Rs. 82.56 |
|
Euro |
1 |
Rs. 70.10 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--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.