MIRA INFORM REPORT
|
Report Date : |
13.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
BERGER BECKER COATINGS PRIVATE LIMITED (w.e.f.07.12.1999) |
|
|
|
|
Formerly Known
As : |
RAJDOOT BECKER COATINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
19,
D. D. A. Commercial Complex, Kailash Colony Extension, Zamrudpur, New Delhi -
110048 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
30.09.1996 |
|
|
|
|
Com. Reg. No.: |
55-082343 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 55.294
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1996PTC082343 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB8159K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Supplier of Coil Coatings and Specialty Paints. |
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|
|
|
No. of Employees
: |
150 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1400000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Unknown |
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|
|
Litigation : |
Clear |
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|
Comments : |
Subject is a well established company having a moderate track record.
The management has failed to file its financial for the year 2012 with the
government department. As per previous year’s record the performance of the company seems to
be good. Trade relations are reported to be fair. Business is active.
Payments are unknown. The company can be considered for business dealings with slight
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) |
|
|
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. Dilip Tirodkar |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-832-2407103 |
|
Date : |
13.05.2013 |
LOCATIONS
|
Registered/ Head Office : |
19,
D. D. A. Commercial Complex, Kailash Colony Extension, Zamrudpur, New Delhi –
110048, India |
|
Tel. No.: |
91-11-26480394 to 96 / 26431573 / 7449 / 26419969 / 29240394/ 32573295 |
|
Fax No.: |
91-11-26447864 / 29247864 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Factory / Warehouse
: |
114 Pilerne Industrial Estate, Post Saligao, Bardez - 403511, Goa, India Tel No : 91-832-2407103 / 2407104 / 2407107 Fax No : 91-832-2407106 E-mail : info-asia@beckers-bic.com Plot No. 316-317, Kundiam Industrial Estate, Kundiam, Ponda, Goa, India Tel No. 91-832-2395664 / 663 Fax No. 91-832-2395663 E-mail : rajesh@bergerbeckerindia.com |
|
Location : |
Owned |
|
|
|
|
Godown : |
Located at Khopali, District Raigad-410203, Maharashtra, India |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Kuldip Singh Dhingra |
|
Designation : |
Director |
|
Address : |
555, Sukhsarwar Village, Gadaipur P.O, Mehrauli, New Delhi - 110030,
India |
|
Date of Birth/Age : |
02.09.1947 |
|
Date of Appointment : |
12.08.1997 |
|
DIN No.: |
00048406 |
|
|
|
|
Name : |
Mr. Gurbachan Singh Dhingra |
|
Designation : |
Director |
|
Address : |
Rahen Basera, 6 Sultanpur Farms, Mehrauli, New Delhi - 110030, India |
|
Date of Birth/Age : |
09.04.1950 |
|
Date of Appointment : |
30.09.1996 |
|
DIN No.: |
00048465 |
|
|
|
|
Name : |
Mr. Sunil Sharma |
|
Designation : |
Director |
|
Address : |
3/2, Shanti Niketan, New Delhi - 110021, India |
|
Date of Birth/Age : |
15.11.1951 |
|
Date of Appointment : |
30.09.1996 |
|
DIN No.: |
00097157 |
|
|
|
|
Name : |
Olivier Laune |
|
Designation : |
Director |
|
Address : |
14, Bis Avenue, De Grange, Blanche 69160 Tassinla-Demi-Lune, France |
|
Date of Birth/Age : |
04.04.1967 |
|
Date of Appointment : |
22.03.2005 |
|
DIN No.: |
00107807 |
|
|
|
|
Name : |
Bengt Olof Ingman |
|
Designation : |
Director |
|
Address : |
Tetorpsnagen 20 Se 194 39 Uppl Vasby, Sweden |
|
Date of Birth/Age : |
16.01.1950 |
|
Date of Appointment : |
15.06.1999 |
|
DIN No.: |
00117429 |
KEY EXECUTIVES
|
Name : |
Mr. Niranjan Daga |
|
Designation : |
Secretary |
|
Address : |
Sanchav Apartments, Flat No. S3, St. Mary’s Colony, Miramar - 403001,
Goa, India |
|
Date of Birth/Age : |
07.10.1971 |
|
Date of Appointment : |
27.03.2008 |
|
PAN No.: |
ADHPD3822D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Gurbachan Dhingra |
|
90 |
|
Berger Paints India Limited, India |
|
270850 |
|
Becker Industrial Coatings Holding AB, Sweden |
|
281999 |
|
Total |
|
552939 |
AS ON 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
51.00 |
|
Bodies
corporate |
|
48.98 |
|
Directors
or relatives of directors |
|
0.02 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Coil Coatings and Specialty Paints. |
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Products : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Paints |
Qty. (Ltrs.) |
N.A. |
13600 MT |
50,789,609 |
GENERAL INFORMATION
|
No. of Employees : |
150 [Approximately] |
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Bankers : |
Axis Bank Limited, 2nd Floor, Statesman House,
148, Barakhamba Road, New Delhi – 110001, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
J.C. Bhalla and Company Chartered Accountants |
|
Address : |
B-5 ,Sector -06, Noida – 201301, Uttar Pradesh, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFJ3258M |
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|
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Holding Company : |
Becker Industrial Coatings AB |
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|
|
|
Fellow
Subsidiary company : |
·
Becker Industrial Coatings (Guangzhou) Limited ·
Becker Industrial Coatings Limited ·
Becker Industrie SA ·
Becker Industrial Coatings (M) Sdn Bhd ·
Becker Industrial Coatings ·
Becker Acroma Group AB ·
Becker Industrial Coatings Inc ·
Becker Industrielack GmbH ·
Becker High Performance Coatings (TianJin)
Limited ·
U K Paints (India) Private Limited
[U24222DL1979PTC009659] |
|
|
|
|
Other Related Party : |
Berger Paints India Limited [L51434WB1923PLC004793] |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
560,000 |
Equity Shares |
Rs. 100/- each |
Rs. 56.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
552,939 |
Equity Shares |
Rs. 100/- each |
Rs. 55.294
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
55.294 |
55.294 |
55.294 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
295.453 |
256.227 |
229.854 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
350.747 |
311.521 |
285.148 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
169.040 |
148.358 |
194.462 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
169.040 |
148.358 |
194.462 |
|
|
DEFERRED TAX LIABILITIES |
9.684 |
11.625 |
10.853 |
|
|
|
|
|
|
|
|
TOTAL |
529.471 |
471.504 |
490.463 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
177.545 |
183.969 |
202.834 |
|
|
Capital work-in-progress |
7.330 |
6.193 |
5.634 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
291.330
|
224.659 |
192.830 |
|
|
Sundry Debtors |
240.876
|
192.792 |
185.429 |
|
|
Cash & Bank Balances |
2.432
|
1.942 |
12.903 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
61.773
|
52.756 |
32.415 |
|
Total
Current Assets |
596.411
|
472.149 |
423.577 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
187.801
|
121.086 |
97.220 |
|
|
Other Current Liabilities |
50.012
|
57.572 |
31.515 |
|
|
Provisions |
14.002
|
12.149 |
12.847 |
|
Total
Current Liabilities |
251.815
|
190.807 |
141.582 |
|
|
Net Current Assets |
344.596
|
281.342 |
281.995 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
529.471 |
471.504 |
490.463 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
932.048 |
712.735 |
|
|
|
Other Income |
|
15.724 |
8.970 |
|
|
|
TOTAL (A) |
N.A. |
947.772 |
721.705 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Consumed |
|
803.330 |
570.607 |
|
|
|
Personnel Expenses |
|
29.550 |
31.887 |
|
|
|
Manufacturing, Administrative and Selling Expenses |
|
89.987 |
82.880 |
|
|
|
(Increase)/ Decrease in Finished Goods/ Work-in-progress |
|
(40.621) |
3.858 |
|
|
|
TOTAL (B) |
N.A. |
882.246 |
689.232 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
65.526 |
32.473 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
19.773 |
26.780 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
71.303 |
45.753 |
5.693 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
13.635 |
12.944 |
13.147 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
57.668 |
32.809 |
(7.454) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
18.442 |
6.220 |
4.482 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
39.226 |
26.589 |
(11.936) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
256.227 |
-- |
207.406 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
295.453 |
26.589 |
195.470 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of Finished Goods (FOB) |
52.096 |
47.669 |
23.625 |
|
|
|
Export of Raw Material (FOB) |
0.000 |
7.264 |
0.000 |
|
|
|
Discount Received |
7.123 |
1.018 |
3.098 |
|
|
TOTAL EARNINGS |
59.219 |
55.951 |
26.723 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
389.840 |
363.927 |
224.655 |
|
|
|
Stores & Spares |
0.175 |
0.289 |
1.538 |
|
|
|
Capital Goods |
0.376 |
0.375 |
0.000 |
|
|
TOTAL IMPORTS |
390.391 |
364.591 |
226.193 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
70.55 |
48.09 |
(21.59) |
|
|
Particulars |
|
31.03.2013 |
31.03.2012 |
|
Sales Turnover [Approximately] |
|
1600.000 |
1400.000 |
The above information has been parted by Mr. Dilip Tirodkar.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
2.81 |
(1.65) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
3.52 |
(1.05) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.45
|
5.00 |
(1.19) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.11 |
(0.03) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.20
|
1.09 |
1.18 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.37
|
2.47 |
2.99 |
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
four years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U74899DL1996PTC082343 |
|
Name of the
company |
BERGER BECKER
COATINGS PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
19, D. D. A. Commercial Complex, Kailash Colony Extension, Zamrudpur, New Delhi – 110048, India Email:
vkaushik@britishpaints.in |
|
This form is for |
Modification of
Charge |
|
Charge
identification number of the modified |
90037492 |
|
Type of charge |
Immovable property Book debts Movable property (not being pledge) |
|
Particular of
charge holder |
Axis Bank Limited, 2nd Floor, Statesman House, 148, Barakhamba Road, New Delhi – 110001, India Email: f8.axisbank@gmail.com
|
|
Nature of
description of the instrument creating or modifying the charge |
Composite
hypothecation deed (current assets, movables, plant and machinery) Memorandum of
entry evidencing extension of
equitable mortgage |
|
Date of
instrument Creating the charge |
23.07.2012 |
|
Amount secured by
the charge |
Rs. 280.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As per sanction
letter No. Axis B/MC/VM/11-12/354 dated 23.12.2011 to be amended from time to
time. Terms of Repayment As per sanction
letter No. Axis B/MC/VM/11-12/354 dated 23.12.2011 to be amended from time to
time. Margin As per sanction
letter No. Axis B/MC/VM/11-12/354 dated 23.12.2011 to be amended from time to
time. Extent and Operation of the charge First charge over
current assets. Second charge
over fixed assets Others The above is to
secure the following :-
(Rs. in Millions) Cash Credit
(CC) -
240.000 (WCDL) Sublimit
of CC - (200.000) Letter Of Credit
(LC) - 40.000 (Bank Guarantee)
Sublimit of LC - (5.000) Buyers
Credit/SBLC) Sublimit of LC -
(40.000) (LER) sublimit of
LC -
(5.000) One way interchangeability
from FB to NFB limits. |
|
Short particulars
of the property charged |
The whole of the
Bo's stocks whether raw, in process of manufacture or in finished form and
other C/assets, being movable machinery, equip., tools, stores and spares and/or
consumer articles and accessories and all F/assets and all the Bo's p/f
B/Debts outstanding money(s) receivables, investment, rights and assets shall
be hypothecation to the Bank and its assigns by way of 1st charge as
security. |
|
Date of Modification |
24.01.2011 |
|
Particulars of
the present modification |
Bank's first
charge over all present and future current assets and second charge over Co's
land and building situated at Plot No.114, Pilerne Industrial Estate, Goa,
admeas.19032 sq. Mtrs. Together with all buildings and structures thereon or
to be thereon and all plant and machinery and other movable fixed assets
therein or to be therein, already regd. For Rs. 240.000 Millions shall stand
enhanced to Rs. 280.000 Millions. |
FIXED ASSETS:
·
Leasehold Land
·
Building
·
Plant and Machinery
·
Office Equipments
·
Furniture and Fixture
·
Vehicles
·
Computer Software
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.54.54 |
|
|
1 |
Rs.84.19 |
|
Euro |
1 |
Rs.71.10 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
36 |
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.