MIRA INFORM REPORT
|
Report Date : |
28.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
KOMAL AMIN EXPORTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
309/310, Shanti Arcade, Near Sahajanand Complex, 132 Feet Ring Road,
Naranpura, Ahmedabad – 380013, Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
02.03.2005 |
|
|
|
|
Com. Reg. No.: |
04-045601 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.100 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51100GJ2005PTC045601 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
H MK03364E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCK5543B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Merchant of Indian groundnut, groundnut meal, sesame seed,
soybean meal, soybean, rope seed real, castor oil etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (18) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a company having a moderate track record. The management has failed to file its financials with the government
department for the year 2012. The financials for the year 2011 are also not
made available. As per old (2010), the financial position of the company appears
moderate with low profitability and huge external borrowings. However, business is active. Payment terms are unknown. The company can be considered for business dealings on a safe and
secured 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
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 |
CARE |
|
Rating |
Short Term Bank Facilities: A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
08.03.2013 |
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 : |
309/310, Shanti Arcade, Near Sahajanand Complex, 132 Feet Ring Road,
Naranpura, Ahmedabad – 380013, Gujarat, India |
|
Tel. No.: |
91-79-27434511/12/13/14 |
|
Mobile No.: |
91-9099049064 (Mr. Suresh Punjiram Amin) |
|
Fax No.: |
91-79-27434515 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
(AS ON 30.09.2011)
|
Name : |
Mr. Suresh Punjiram Amin |
|
Designation : |
Whole-time Director |
|
Address : |
20, Uma Bunglow, Sarkhej Highway, N R R C Technical School,
Ghatlodiya, Ahmedabad – 380061, Gujarat, India |
|
Date of Birth/Age : |
01.06.1969 |
|
Date of Appointment : |
02.03.2005 |
|
DIN No.: |
00472181 |
|
|
|
|
Name : |
Mr. Paresh Jayantilal Amin |
|
Designation : |
Additional Director |
|
Address : |
Vijapur, Sangpur, Mehsana, Vijapur – 382875, Gujarat, India |
|
Date of Birth/Age : |
26.11.1978 |
|
Date of Appointment : |
04.03.2011 |
|
DIN No.: |
03452043 |
|
|
|
|
Name : |
Mr. Bharatkumar Jivanlal Amin |
|
Designation : |
Additional Director |
|
Address : |
ATPO-Vijapur, District – Mehsana, Vijapur – 382846, Gujarat, India |
|
Date of Birth/Age : |
01.06.1969 |
|
Date of Appointment : |
04.03.2011 |
|
DIN No.: |
03451869 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Sureshkumar Punjiram Amin |
|
142958 |
|
Ashaben Vishnukumar Patel |
|
11000 |
|
Kanubhai D. Patel |
|
5 |
|
Kanubhai D. Patel - Karta |
|
5 |
|
Patel Samalbhaiishwarbhai |
|
5 |
|
Patel Manilal Ishwarbhai |
|
5 |
|
Patel Dharmeshbhai Mahendrabh |
|
5 |
|
Patel Prakashbhai Samalbhai |
|
5 |
|
Patel Jagdishbhai Ranchhodbhai |
|
5 |
|
Patel
Girishbhal Dahyabhai |
|
5 |
|
Patel
Kanubhai Purshottambhai |
|
5 |
|
Patel
Sandipbhai Ganpatibhai |
|
5 |
|
Patel
Baldevbhai Joitaram |
|
5 |
|
Patel
Maheshbhai Jayantilal |
|
5 |
|
Patel
Bhikhabhai Ramanbhai |
|
5 |
|
Patel
Dashrathbhai Bhikhabhai |
|
5 |
|
Patel
Prakash Bhikhabhai |
|
5 |
|
Patel
Kirtibhai Revabhai |
|
5 |
|
Patel
Mahendrabhai |
|
5 |
|
Patel
Rameshbhai |
|
3467 |
|
Silverline
Mercentile Private Limited, India |
|
6818 |
|
Komal
Udyog International Inc., USA |
|
10051 |
|
Ketan
Patel |
|
5 |
|
Jagdish
S. Patel |
|
5 |
|
Pragnaben
J. Patel |
|
5 |
|
|
|
|
|
Total |
|
174394 |
(AS ON 03.12.2011)
|
Names of Allottees |
|
No. of Shares
Allotted |
|
|
|
|
|
Komal Udyog International Inc., USA |
|
21258 |
|
|
|
|
|
Total
|
|
21258 |
(AS ON 30.09.2011)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
9.68 |
|
Directors or relatives of directors |
|
81.97 |
|
Other top fifty shareholders |
|
8.35 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Merchant of Indian groundnut, groundnut meal, sesame seed,
soybean meal, soybean, rope seed real, castor oil etc. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
·
Corporation Bank Navarangapura Branch, Near Navrangpura Post Office, Ahmedabad –
380009, Gujarat, India ·
Bank of Baroda ·
State Bank Of ·
State Bank of Saurashtra ·
ICICI Bank |
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V V Patel and Company Chartered Accountants |
|
Address : |
101, Shanti Arcade, Near Akash III, 132 FTL., Ring Road, Naranpura,
Ahmedabad – 380013, Gujarat, India |
|
PAN No.: |
AAFFV1912P |
CAPITAL STRUCTURE
(AS ON 30.09.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
195652 |
Equity Shares |
Rs.10/- each |
Rs.1.957
Millions |
|
|
|
|
|
(AS ON 31.03.2010)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
110000 |
Equity Shares |
Rs. 10 each |
Rs.1.100 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 |
1.100 |
1.100 |
1.100 |
|
|
2] Share Application Money |
10.145 |
13.645 |
12.453 |
|
|
3] Reserves & Surplus |
18.851 |
16.458 |
12.255 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
30.096 |
31.203 |
25.808 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
451.046 |
283.114 |
505.333 |
|
|
2] Unsecured Loans |
73.652 |
41.259 |
126.264 |
|
|
TOTAL BORROWING |
524.698 |
324.373 |
631.597 |
|
|
DEFERRED TAX LIABILITIES |
0.180 |
0.074 |
0.142 |
|
|
|
|
|
|
|
|
TOTAL |
554.974 |
355.650 |
657.547 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
17.124 |
8.896 |
10.362 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
4.654 |
5.064 |
15.005 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
110.314
|
79.330 |
149.597 |
|
|
Sundry Debtors |
582.008
|
259.266 |
633.826 |
|
|
Cash & Bank Balances |
27.388
|
12.250 |
3.208 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
37.006
|
65.388 |
18.411 |
|
Total
Current Assets |
756.716
|
416.234 |
805.042 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
218.492
|
69.347 |
169.378 |
|
|
Other Current Liabilities |
5.043
|
5.214 |
3.506 |
|
|
Provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities |
223.535
|
74.561 |
172.884 |
|
|
Net Current Assets |
533.181
|
341.673 |
632.158 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.015 |
0.017 |
0.022 |
|
|
|
|
|
|
|
|
TOTAL |
554.974 |
355.650 |
657.547 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales and Other Income |
1640.442 |
1127.062 |
1967.544 |
|
|
|
TOTAL |
1640.442 |
1127.062 |
1967.544 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Selling and Distribution Expenses |
|
|
|
|
|
|
Office Expenses |
1634.717 |
1118.901 |
1961.948 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
1634.717 |
1118.901 |
1961.948 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
5.725 |
8.161 |
5.596 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.003 |
1.648 |
0.965 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
3.722 |
6.513 |
4.631 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
6.115 |
10.715 |
7.613 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.393 |
4.202 |
2.982 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
NA |
2.500 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
0.482 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
21.75 |
38.21 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.15
|
0.37 |
0.15 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.48
|
1.53 |
0.56 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.20 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
17.43
|
10.40 |
24.47 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.38
|
5.58 |
4.65 |
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 |
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:
Registered office address of the company has been shifted
from 210 A, Oxford Avenue, Opposite C. U. Shah College, Near Income Tax
Office, Off Ashram Road, Ahmedabad – 380014, Gujarat, India to present w.e.f
11.11.2006.
ACTIVITIES:
Directors have pleasure in informing that the company has achieved a
turnover of Rs.1640.400 millions and made profit of Rs.2.400 millions.
Directors are still hopeful of and committed to better results in the year come
FORM 8
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10004940 |
|
Corporate
identity number of the company |
U51100GJ2005PTC045601 |
|
Name of the
company |
KOMAL AMIN
EXPORTS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
309/310, Shanti
Arcade, Near Sahajanand Complex, 132 Feet Ring
Road, Naranpura, Ahmedabad – 380013, Gujarat, India |
|
Type of charge |
Immovable
Property Book Debts Movable Property Others: stock,
machineries etc |
|
Particular of
charge holder |
Corporation Bank Navarangapura Branch,
Near Navarangapura Post Office, Ahmedabad – 380009, Gujarat, India |
|
Nature of
description of the instrument creating or modifying the charge |
Momerandum of
Equitable Mortgage and Common Deed of Hypothecation of Movables/Assets/ Debts |
|
Date of
instrument Creating the charge |
25/01/2012 |
|
Amount secured by
the charge |
Rs.1591.399
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest 11.15% P.A. for
FDBN, PCL up to 270 days 11.15%, more than 270 days 11.55%, CC 10.75%, TL
14.25% (COBAR- 0.75%) Terms of
Repayment FDBN shall not
exceed 180days, PCL shall not exceed 90days, CC a/c payable on demand, ILC:
DP/DA ( if DA, usance not exceed 180 days) TL as per original sanction terms. Margin PCL (Hyp) -10% on
stock, PCL - clean, CC-(hyp) 25% and on receivable 40%, ILC cash Margin 10%,
TL -25 % Extent and
Operation of the charge Charge extent and
operates on all movable properties stock, receivables, plant and machineries,
equitable mortgage on immovable |
|
Short particulars
of the property charged |
ALL that undivided
proportionate share in the piece of land bearing final plot No. 153 of T.P.
Scheme No. 12 of Mouje Naroda, Taluka city in the Registration district and
sub District Ahmedanad being No. 91/A admeasuring 95 square meters and
construction area 135.16 square meters in "Arvind Estate" situated
within Arvind Estate Association, situated Opposite Vadilal Park, Bapunagar,
Ahmedabad All the piece and
parcel of immovable property bearing N.A. Land admeasuring 1865 square meters
of Survey No. 136/1, and 136/2 of Final plot No. 208 T.P. scheme No. 29 of
Mouje Vadaj in the Registration District Ahmedabad and Sub District
Ahmedabad-2 Vadaj being office No. 309 on third floor admeasuring 72.27
square meters (Super Built-up Area) in "Shanti Arcade" situated AT
Vadaj, Taluk City District Ahmedabad. All the piece and parcel of immovable
property bearing N. A. Land admeasuring 1865 square meters, of Survey No.
136/1, and 136/2 of Final Plot No. 208 T. P. scheme No. 29 of Mouje Vadaj in
the Registration District Ahmedabad and Sub District Ahmedabad-2 Vadaj being
office No. 310 on third floor admeasuring 76.462 square meters (Super
Built-up Area) in "Shanti
Arcade" situated AT Vadaj, Taluk City District Ahmedabad.All the piece
and parcel of immovable property bearing N. A. Land admeasuring 1865 square
meters, of Survey No. 136/1, and 136/2 of Final plot No. 208 T.P. scheme No. 29 of Mouje Vadaj in the
Registration District Ahmedabad and Sub District Ahmedabad-2 Vadaj being
office No. 308 on third floor admeasuring 110.20 square meters (Super
Built-up Area) in "Shanti Arcade" situated AT Vadaj, Taluka City
District Ahmedabad. All kind of things / goods / movable properties, plant
and machineries including the stocks and book debt. |
|
Particulars of
the present modification |
Charge increased
to Rs.1591.399 Millions (FDBN RS.1500.000 Millions, PCL Rs.81.000 Millions,
ILC-Rs.10.000 Millions, Term Loan 0.399 Million) from Rs. 550.000 Millions. |
FIXED ASSETS:
· Office Building
· Furniture
· Air Conditioner
· Machinery Lab
· Motor Car
· Fax Machine
· Mobile Car Swift
· Computer
· Electric Filling
· Water Cooler
· Gas Cylinder
· Scanner Machine
· TV
· Software
· Dish TV
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 records 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.54.10 |
|
|
1 |
Rs.82.47 |
|
Euro |
1 |
Rs.70.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
18 |
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.