MIRA
INFORM REPORT
|
Report Date : |
07.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
JAI SHREE RASAYAN UDYOG LIMITED |
|
|
|
|
Registered
Office : |
501, Gopal Heights, D-9, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
22.01.1993 |
|
|
|
|
Com. Reg. No.: |
55-051854 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.16.842
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1993PLC051854 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELJ04826D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACJ0715C |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Agro Chemicals, viz. Micro
Nutrients, Pesticides, Fertilizers,
etc. |
|
|
|
|
No. of Employees
: |
150 [Office + Factory] (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1500000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Financially company appears to be strong. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct and as per commitment. The company can be considered for normal business dealings at usual
trade terms and condition. |
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 |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Pradeep Goyal |
|
Designation : |
Chartered Accountant |
|
Contact No.: |
91-11-40040400 |
|
Date : |
02.05.2013 |
LOCATIONS
|
Registered Office : |
501, Gopal Heights, D-9, |
|
Tel. No.: |
91-11-40040400 |
|
Fax No.: |
91-11-40040444 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Located
at ·
Nathupur, Dist. Sonepat – 131029, Haryana ·
Jammu |
|
|
|
|
Branches : |
Located at ·
Ahmedabad ·
·
Balakati ·
Bhatinda ·
·
Hanumangarh ·
Hissar ·
·
·
Jaipur ·
Karnal ·
Kashipur ·
Kolkata ·
Kundli ·
·
·
Murthal ·
Nathpur ·
·
·
Samba ·
Sindhanur |
DIRECTORS
As on: 30.09.2012
|
Name : |
Mr. |
|
Designation : |
Managing Director |
|
Address : |
B-2 / 62, Ashok Vihar, |
|
Date of Birth/Age : |
26.02.1950 |
|
Date of Appointment : |
22.01.1993 |
|
DIN : |
00732440 |
|
|
|
|
Name : |
Mr. Anshu Aggarwal |
|
Designation : |
Director |
|
Address : |
B-2 / 62, Ashok Vihar, Phase – II, |
|
Date of Birth/Age : |
17.02.1974 |
|
Date of Appointment : |
01.01.2002 |
|
DIN : |
00732690 |
|
|
|
|
Name : |
Mr. Sanjay Aggarwal |
|
Designation : |
Whole time Director |
|
Address : |
B-2 / 62, Ashok Vihar, Phase – II, |
|
Date of Birth/Age : |
11.02.1974 |
|
Date of Appointment : |
22.01.1993 |
|
DIN : |
00763635 |
|
|
|
|
Name : |
Mrs. Abhilasha Aggarwal |
|
Designation : |
Director |
|
Address : |
B-2 / 62, Ashok Vihar, Phase – II, |
|
Date of Birth/Age : |
08.06.1953 |
|
Date of Appointment : |
22.01.1993 |
|
DIN : |
00765874 |
|
|
|
|
Name : |
Mr. Chand Pal Singh |
|
Designation : |
Director |
|
Address : |
House No.1426, Gali No. 5, Alipur, |
|
Date of Birth/Age : |
15.11.1955 |
|
Date of Appointment : |
29.09.2008 |
|
DIN : |
01793319 |
|
|
|
|
Name : |
Mr. Bhupender Kaushik |
|
Designation : |
Director |
|
Address : |
A-34 Janyug, Apartment, Rohini, Sector-14 Extn, Delhi – 10085, India |
|
Date of Birth/Age : |
25.11.1964 |
|
Date of Appointment : |
05.08.2011 |
|
DIN : |
03612114 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2012
|
Names of Shareholders |
No. of Equity
Shares |
|
|
222950 |
|
Abhuilasha Aggarwal |
166050 |
|
Sanjay Aggarwal |
147500 |
|
Bharathi Trade Links Private Limited, |
240000 |
|
Indo Gulf Crop Science Private Limited, |
340000 |
|
O.P. Aggarwal (HUF) |
184950 |
|
Rachita Aggarwal |
44400 |
|
Kamlesh Aggarwal |
29000 |
|
Anshu Aggarwal |
61100 |
|
Sunita Bansal |
100 |
|
Sanjeev Aggarwal |
20000 |
|
Parveen Kumar Bansal HUF |
5000 |
|
Green Agrisasia Private Limited, |
75000 |
|
Shruti Gupta |
4000 |
|
Amrita Gupta |
50 |
|
Sanjay Aggarwal (HUF) |
19050 |
|
Tarun Kumar Bansal (HUF) |
50 |
|
Vinita Gupta |
50 |
|
Total |
1559250 |
As on: 30.09.2012
|
Names of Shareholders |
No. of
Preference Shares |
|
|
32500 |
|
Sanjay Aggarwal |
17500 |
|
Pragun Finance Private Limited |
6250 |
|
Jaguar Equity Limited |
6250 |
|
Silversmith Marketing Private Limited |
6250 |
|
Green Vision Automotives Private Limited |
18750 |
|
Frontier Portfollo Management Private Limited |
6250 |
|
Laxman sawarkar Marketing Private Limited |
6250 |
|
Murlidhar Apparels Private limited |
11250 |
|
Wisemen Trading Private Limited |
3750 |
|
Starking Agro Export Private Limited |
10000 |
|
|
|
|
Total |
125000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
42.01 |
|
Directors or relatives of directors |
|
57.99 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Agro Chemicals, viz. Micro
Nutrients, Pesticides, Fertilizers,
etc. |
|
|
|
|
Products : |
·
Fungicides ·
Herbicides ·
Insecticides ·
Micro nutrients, Fertilizers and Bioproducts ·
Termiticides |
|
|
|
|
Exports : |
|
|
Products : |
Finished goods |
|
Countries : |
·
Nigeria ·
South Africa ·
Iraq ·
Iran ·
Bangladesh ·
Sudan |
|
|
|
|
Imports : |
|
|
Products : |
Raw material |
|
Countries : |
·
China ·
Taiwan ·
Japan |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS [As on 31.03.2012]
|
PARTICULERS |
UNITS |
2010-11 |
2009-10 |
|
|
LICENCED CAPACITY |
|
NA |
NA |
|
|
INSTALLED CAPACITY |
|
|
|
|
|
Fertilizers |
M.T. |
4500.000 |
4000.000 |
|
|
Fertilizers Liquid |
Ltrs. |
150000.000 |
150000.000 |
|
|
Pesticides Liquid |
Ltrs. |
1800000.000 |
1800000.000 |
|
|
Pesticides WDP |
M.T. |
4000.000 |
4000.000 |
|
|
ACTUAL PRODUCTION |
|
|
|
|
|
Fertilizers |
M.T. |
4280.575 |
3757.340 |
|
|
Fertilizers Liquid |
Ltrs. |
121976.470 |
89871.370 |
|
|
Pesticides Liquid |
Ltrs. |
1786776.000 |
1580143.460 |
|
|
Pesticides WDP |
M.T. |
3907.955 |
3770.853 |
|
GENERAL INFORMATION
|
Suppliers : |
Sardar Fertilizers |
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Customers : |
Industries |
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No. of Employees : |
150 [Office + Factory] (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
|
||||||||||||||||||||||||||||||||||||
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mohit Parekh and Company Chartered Accountants |
|
Address : |
572, Gandhi Cloth Market, 2nd Floor, Chandani Chowk, |
|
Tel. No.: |
91-11-23918093 |
|
Fax No.: |
91-11-23958933 |
|
|
|
|
Memberships : |
·
HPMA ·
NIPMA ·
CHEMEXCIL ·
PMFAI ·
FICCI ·
|
|
|
|
|
Enterprises which
are owned, or have
significant influence of or are
partners with Key management personnel and their
relatives |
·
Indo Gulf Crop Science Private Limited CIN No.U74899DL1994PTC060022 ACTIVITY:- Distribution and Supplier of Garnet of Agro Chemicals · Barathi Trade Links Private Limited CIN No. U74899DL1988PTC033334 |
CAPITAL STRUCTURE
As on: 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1600000 |
Equity Shares |
Rs.10/- each |
Rs. 16.000 Millions |
|
150000 |
Preference Shares |
Rs.10/- each |
Rs. 1.500 Millions |
|
|
Total |
|
Rs.17.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1559250 |
Equity Shares |
Rs.10/- each |
Rs. 15.592
Millions |
|
125000 |
Preference Shares |
Rs.10/- each |
Rs. 1.250 Millions |
|
|
Total |
|
Rs.16.842 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 |
16.842 |
16.467 |
16.092 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
360.610 |
267.028 |
162.455 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
377.452 |
283.495 |
178.547 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
206.494 |
189.356 |
97.994 |
|
|
2] Unsecured Loans |
28.810 |
30.555 |
25.558 |
|
|
TOTAL BORROWING |
235.304 |
219.911 |
123.552 |
|
|
DEFERRED TAX LIABILITIES |
0.707 |
0.770 |
0.489 |
|
|
|
|
|
|
|
|
TOTAL |
613.463 |
504.176 |
302.588 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
84.476 |
83.362 |
48.963 |
|
|
Capital work-in-progress |
28.184 |
2.333 |
0.512 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
2.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
469.475
|
392.456 |
285.054
|
|
|
Trade receivable |
285.330
|
220.421 |
112.498
|
|
|
Cash & Bank Balances |
3.081
|
4.576 |
1.384
|
|
|
Other Current Assets |
15.540
|
5.233 |
12.655
|
|
|
Loans & Advances |
145.939
|
100.316 |
65.793
|
|
Total
Current Assets |
919.365
|
723.002 |
477.384 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
275.607
|
197.568 |
0.000
|
|
|
Other Current Liabilities |
90.991
|
85.058 |
199.909
|
|
|
Provisions |
51.964
|
23.895 |
24.362
|
|
Total
Current Liabilities |
418.562
|
306.521 |
224.271 |
|
|
Net Current Assets |
500.803
|
416.481 |
253.113 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
613.463 |
504.176 |
302.588 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1342.032 |
1160.827 |
811.689 |
|
|
|
Other Income |
3.884 |
4.565 |
1.456 |
|
|
|
TOTAL (A) |
1345.916 |
1165.392 |
813.145 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
709.885 |
535.366 |
|
|
|
|
Purchase of stock-in-trade |
82.379 |
180.375 |
|
|
|
|
Employee benefit Expenses |
60.625 |
45.994 |
|
|
|
|
Extraordinary items before tax |
0.000 |
0.362 |
|
|
|
|
Other expenses |
413.655 |
379.644 |
|
|
|
|
Exceptional items before tax |
(0.131) |
(0.145) |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
(63.799) |
(110.203) |
|
|
|
|
TOTAL (B) |
1202.614 |
1031.393 |
733.425 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
143.302 |
133.999 |
79.720 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
22.194 |
11.314 |
9.320 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
121.108 |
122.685 |
70.400 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
14.144 |
9.750 |
7.449 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
106.964 |
112.935 |
62.951 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
28.007 |
22.987 |
11.136 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
78.957 |
89.948 |
51.815 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
50.64 |
57.69 |
33.23 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover [Approximately] |
|
|
1500.000 |
The above information has been parted by Mr. Pradeep Goyal (Chartered
Accountant)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
5.87 |
7.71 |
5.88 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.97 |
9.72 |
1.40 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.66 |
14.00 |
11.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28 |
0.40 |
0.41 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.62 |
0.78 |
0.69 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.20 |
2.36 |
2.01 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
OPERATIONS
During the year the company has performed very well as is evident from the results of the company. The Company hopes to maintain the growth in the coming years. As the agriculture sector is growing in India, your company also hopes to get the good share of the growth.
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration
number of the company |
U74899DL1993PLC051854 |
|
Name of the
company |
JAI SHREE RASAYAN
UDYOG LIMITED |
|
Address of the registered
office or of the principal place of
business in India of the company |
501, Gopal
Heights Plot No - D-9, Netaji Subhash Place, Netaji Subhash Place, New Delhi
– 110034, Delhi, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
HDFC Bank
Limited, Hdfc Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai –
400013, Maharashtra, India Email-id:-
RBBform8@hdfcbank.com |
|
Nature of
instrument creating charge |
Memorandum Recording
Past Transactions of Creation of Mortgage by Delivery of Title Deeds. |
|
Date of
instrument Creating the charge |
28.08.2012 |
|
Amount secured by
the charge |
Rs. 18.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest Interest at the
rate as may be communicated by the Bank from time to time. Terms of
Repayment On Demand. Margin As may be
stipulated by the Bank from time to time. Extent and
Operation of the charge The Company
created an equitable mortgage by way of deposit of title deeds (by way of
constructive delivery) in respect of its immovable properties as security for
the due repayment of Rs.18.000 millions by Indo Gulf Crop Science (P) Limited
(The Borrower) including principal amount of the Facility, interest,
liquidated damages, costs, charges and expenses etc. Others NIL |
|
Short particulars
of the property or asset(s) charged (including complete address and location of
the property) |
(i) Immovable
property being Second 4 Kanals of Land situated in Sidco Industrial Growth
Center, Samba Phase 32 and (Jammu & Kashmir State). (ii) Immovable
property being Khewat No.291, Kundraja Mutati & Killa No.18/11/2 (0-13), Min
East 20/14 (1-13), 20/2(1-9) Min East Vakye Rakba Nathuram, Sonepat, Haryana. |
FIXED ASSETS :
- Air
conditioner
- Car
- Computer
- Computer
printer
- Cycle
- Electric
Transfarmer
- Electrical
Fittings
- EPABX
- Godown (M)
- Fax Machine
- Fire
Extinguisher
- Furniture and
Fixture
- Generator
- Jeep
- Lab Equipment
- Land
- Land – Plot
for Guest House
- Motor Cycle
- Office
Equipment
- Office Flats
- Plant and
Machinery
- Refrigerator
- Scooter
- Software
- Transformer
- Truck
- Typewriter
- Water
Pollution Control Equipment
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 records 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 guiltyor 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] 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. 53.95 |
|
|
1 |
Rs. 84.03 |
|
Euro |
1 |
Rs. 70.72 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
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 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
48 |
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.