MIRA INFORM REPORT
|
Report Date : |
16.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
CARE OFFICE EQUIPMENT LIMITED (w.e.f. 14.09.2010) |
|
|
|
|
Formerly Known
As : |
CARE OFFICE EQUIPMENT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Celller Vraj
Vihar Tower, Opposite Aryavrata Bungalows, B/H Prerna-Tirth Bungalows,
Jodhpur Gam Road, Satellite Ahmedabad-380015, Gujarat. |
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Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
31.08.1998 |
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Com. Reg. No.: |
04-034605 |
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Capital
Investment / Paid-up Capital : |
Rs. 23.629 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110GJ1998PLC034605 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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Line of Business
: |
Trader of IT products and consumer electronics goods. |
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|
|
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No. of Employees
: |
250 (Approximately) |
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 650000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an
established company having satisfactory track record. The external borrowings
of the company appears to be increasing over years which can be a threat to
the company’s liquidity. However, the operational performance is good. Trade
relations are reported as fair. Business is active. Payments are reported to
be slow but correct. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term Rating: BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
8th November 2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term Rating: A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
8th November 2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Dharani |
|
Designation : |
Account Department |
|
Contact No.: |
91-79-40013000 |
|
Date : |
14.05.2013 |
LOCATIONS
|
Registered
Office : |
Celller Vraj Vihar
Tower Opposite Aryavrata Bungalows, B/H Prerna-Tirth Bungalows, Jodhpur Gam
Road, Satellite Ahmedabad-380015, Gujarat, India. |
|
Tel. No.: |
91-79-26924821-25
/ 40013000 |
|
Fax No.: |
91-79-26924825
/26421253 /26923019 /40013096 |
|
E-Mail : |
reshma@careoffice.in
sales@careoffice.in
|
|
Websites: |
http://www.careoffice.in
|
|
Area : |
20000 sq.fts |
|
Location : |
Rented |
|
|
|
|
Showroom 1: |
4 and 5 Ground
Floor, Fairdeal House, Near Swastik Cross Roads, C. G. Road, Ahmadabad - 380
009, Gujarat, India |
|
Tel. No.: |
91-79-26421251/2/26527176/26560204/40013900/40013952/26421253/40013050/400130000 |
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Fax No.: |
91-79-26560204/40013910/26421252 |
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Area : |
2000 Sq. fts |
|
Location : |
Rented |
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|
|
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Showroom 2: |
8 GF, Ground
Floor and Basement, Opposite Gurudwara, |
|
Area : |
5000 Sq. ft. |
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Location : |
Owned |
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Showroom 3: |
GF, 19, Windsor Plaza, R. C. Dutt Road,
Alkapuri, Vadodara- 390007, Gujarat, India |
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Showroom 4 : |
39/1, Mahagujarat Industrial Estate, Moje -
Changodar, Village : Moraiya Tal : Sanand, Dist. : Ahmadabad, Gujarat, India |
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|
|
Exclusive Dell
Showrooms 1 : |
6 and 7, GF and Basement, Fairdeal House,
Nr. Swastik Cross Road, C. G. Road, Ahmedabad 380 009 Gujarat, India |
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|
|
Exclusive Dell
Showrooms 2 : |
5 and 6, Gokulesh Complex, Sampat Rao
Colony, R. C. Dutt Road, Alkapuri, Baroda - 390 007, Gujarat, India |
|
|
|
|
Exclusive Dell
Showrooms 3 : |
No. 1, Upper Ground Floor, Jivan Deep
Building, Near Nirmal Hospital, Opp. Sub Jail, Ring Road, Surat - 395 002,
Gujarat, India |
|
|
|
|
Other Godowns
: |
·
4,5, Landmark, Mithakhali Six Road, Navrangpura,
Ahmadabad, Gujarat, India ·
5, N. K. Patel Estate No. 2, Sarkhej Bavla Road, Moje
Fatehwadi, Taluka Daskoi, Dist. Ahmadabad, Gujarat, India ·
GF 2, 3, 4 & Celler Vraj Vihar Tower, Jodhpur Gam
Road, Ahmadabad, Gujarat, India ·
Basement Zodiac Square, Opp : Gurudwara, S. G. Road,
Ahmadabad, Gujarat, India |
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|
|
|
Authorized
Service Center : |
Care
Info Solutions Private Limited GF and Basement, Shubh Complex, Behind
Sheth Opticals, Near. Swastik Cross Road, Ahmadabad 380 009, Gujarat, India |
DIRECTORS
As on 30.09.2012
|
Name : |
Mr. Hemant Shantilal Shah |
|
Designation : |
Managing Director |
|
Address : |
302, Shyamal Apartment, Suvidha Shopping Centre, Paldi, Ahmedabad
380007, |
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Date of Birth/Age : |
12.02.1968 |
|
Date of Appointment : |
31.08.1998 |
|
DIN No.: |
00458049 |
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PAN No.: |
ACZPS4370F |
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|
|
|
Name : |
Mr. Kamlesh Dhirajlal Shah |
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Designation : |
Director |
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Address : |
502, Kailashiddhi Apartment, |
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Date of Birth/Age : |
08.03.1960 |
|
Date of Appointment : |
31.08.1998 |
|
DIN No.: |
00458265 |
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PAN No. : |
AAKPS78870D |
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|
|
|
Name : |
Mr. Firozbhai Pirbhai Sama |
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Designation : |
Director |
|
Address : |
402, |
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Date of Birth/Age : |
01.06.1959 |
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Date of Appointment : |
05.09.1998 |
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DIN No.: |
00458426 |
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PAN No. : |
ADEP80725C |
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|
|
|
Name : |
Mr. Mayurkant Kanhiyalal Shah |
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Designation : |
Director |
|
Address : |
A-35, Kirtisagar Apartments, |
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Date of Birth/Age : |
27.07.1975 |
|
Date of
Appointment : |
02.07.2007 |
|
DIN No.: |
01715326 |
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|
|
|
Name : |
Mr. Mani Venkatachalam Iyer |
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Designation : |
Director |
|
Address : |
A1/114 Nandan Apartments, Near Rajsurya Bunglows, Ramdevnagar, Ahmedabad – 380017, Gujarat,
India |
|
Date of Birth/Age : |
06.06.1965 |
|
Date of
Appointment : |
02.07.2007 |
|
DIN No.: |
01715385 |
KEY EXECUTIVES
|
Name : |
Mr. Dharani |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2012
SHAREHOLDING DETAIL FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
75.40 |
|
Other |
24.60 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of IT products and consumer electronics goods |
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Products : |
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Imports : |
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Products : |
Laptop |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Corporate |
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No. of Employees : |
250 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Prakash Bhavsar and Associates Chartered Accountants |
|
Address : |
A – 106, Oxford Avenue, Opposite C. U. Shah College Income Tax,
Ahmedabad 380014, Gujarat, India |
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PAN No. |
AAQPB5026P |
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Associates : |
Care Info
Solutions Private Limited, India (CIN: U72500GJ2009PTC056855) |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2362888 |
Equity Shares |
Rs.10/- each |
Rs. 23.629 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 |
23.629 |
22.036 |
22.036 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
139.271 |
102.758 |
77.691 |
|
|
4] (Accumulated Losses) |
0.000 |
7.964 |
0.000 |
|
|
NETWORTH |
162.900 |
132.758 |
99.727 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
447.684 |
361.781 |
238.794 |
|
|
2] Unsecured Loans |
48.442 |
49.974 |
32.594 |
|
|
TOTAL BORROWING |
496.126 |
411.755 |
271.388 |
|
|
DEFERRED TAX LIABILITIES |
0.287 |
0.287 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
659.313 |
544.800 |
371.115 |
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|
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APPLICATION OF FUNDS |
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|
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FIXED ASSETS [Net Block] |
38.067 |
41.563 |
33.464 |
|
|
Capital work-in-progress |
1.247 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
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|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
495.547
|
428.930 |
332.016 |
|
|
Sundry Debtors |
317.921
|
180.906 |
177.044 |
|
|
Cash & Bank Balances |
22.481
|
18.366 |
3.953 |
|
|
Other Current Assets |
15.428
|
15.933 |
11.674 |
|
|
Loans & Advances |
2.607
|
1.153 |
8.395 |
|
Total
Current Assets |
853.984
|
645.288 |
533.082 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
188.941
|
118.213 |
170.859 |
|
|
Other Current Liabilities |
0.625
|
0.511 |
5.117 |
|
|
Provisions |
44.419
|
23.327 |
19.576 |
|
Total
Current Liabilities |
233.985
|
142.051 |
195.552 |
|
|
Net Current Assets |
619.999
|
503.237 |
337.530 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.121 |
|
|
|
|
|
|
|
|
TOTAL |
659.313 |
544.800 |
371.115 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1980.175 |
1675.224 |
1383.326 |
|
|
|
Other Income |
76.937 |
64.252 |
48.567 |
|
|
|
TOTAL (A) |
2057.112 |
1739.476 |
1431.893 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of
stock-in-trade |
1886.395 |
1639.850 |
|
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
(66.617) |
(96.913) |
|
|
|
|
Employee benefit
expense |
37.280 |
36.248 |
|
|
|
|
Other expenses |
87.998 |
72.655 |
|
|
|
|
TOTAL (B) |
1945.056 |
1651.840 |
1361.557 |
|
|
|
|
|
|
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|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
112.056 |
87.636 |
70.336 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
59.852 |
42.690 |
33.378 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
52.204 |
44.946 |
36.958 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.823 |
5.133 |
4.559 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
46.381 |
39.813 |
32.399 |
|
|
|
|
|
|
|
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|
Less |
TAX (H) |
16.239 |
14.746 |
12.005 |
|
|
|
|
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|
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|
PROFIT AFTER TAX
(G-H) (I) |
30.142 |
25.067 |
20.394 |
|
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|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
102.758 |
77.691 |
57.297 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
102.758 |
77.691 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
12.76 |
11.38 |
10.15 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.47
|
1.44 |
1.42 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.34
|
2.38 |
2.34 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.43
|
6.17 |
6.08 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28
|
0.30 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.05
|
3.10 |
2.72 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.65
|
4.54 |
2.73 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
Sundry Creditors |
188.941
|
118.213 |
170.859 |
|
Total |
188.941
|
118.213 |
170.859 |
|
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 |
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) |
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 |
Yes |
PERFORMANCE:
During the short
span of Fourteen year the company has achieved turnover of Rs.2057.100 Millions which was 18.26% more since the last year
turnover and the company have achieved prominent position in the office
equipment products. The company has sustained growth rate in the competitive
environment of information technology and office equipment products.
UNSECURED LOAN
|
PARTICULARS |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
Loans and advances from others |
45.594 |
46.138 |
|
Deposits from others |
2.848 |
3.836 |
|
Total |
48.442 |
49.974 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U24110GJ1998PTC034605 |
|
Name of the company |
CARE OFFICE EQUIPMENT LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
Celller Vraj Vihar Tower Opposite Aryavrata Bungalows, B/H
Prerna-Tirth Bungalows, Jodhpur Gam Road, Satellite Ahmedabad-380015,
Gujarat, India. |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable property Any interest in immovable property |
|
CIN: |
U24110GJ1998PLC034605 |
|
Particular of charge holder |
BOI Consortum – Bank of India and Canara Bank, Ahmedabad Mid Corporate
Branch, 1st Floor, Boi Building, Near Swastik Char Rasta, CG Road,
Navrangpura, Ahmedabad – 380009, Gujarat, India |
|
Nature of instrument creating charge |
Memoradum of entry by delivery and deposit of title deeds on
09.04.2013 for creation of equitable mortgage charge in favour of boi
consortium, bank of india being lead to secure fb and nfb aggregate lim of
Rs.803.000 Millions (boi - 60.30 + canara bank - 20.00) regd with sub registrar
sro - ahmedabad - 3 (memnagar) at Sr no 2332 of book no 1 on 09/04/2013
containing 55 pages |
|
Date of instrument Creating the charge |
09.04.2013 |
|
Amount secured by the charge |
Rs.803.000 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest Boi CC - 3% + BR 13.25% P. A. CB - OCC - 3.25% + BR 13.50% P. A.
Monthly Rest BG - LC - BYRS CRDT - CEL - BG - as applicable from time to time /
extent guidelines Terms of Repayment CC STK / BD - ON demand / annual review bank guarantee - ON Demand / Annual Review LC (I/F) DA / DP 90 days - buyers crdt - cel - on demand / annual
review CMS - on demand / annual review Margin WCFBL STK - 25% WCFBL BD - 40% bank guarantee - 15% BY WAY OF TDR LC (I/F) DA / DP 90 days - byrs crdt - CEL - 15% BY WAY OF TDR Extent and Operation of the charge First joint and pari passu equitable mortgage charge on all the
immovable prop of the co i. E. Land and buildings, office premises, show
roomes and fixed plant and mach etc of the company to secure the fb and nfb
limits aggregating Rs.803.000 Millions alongwith all the interest, addl
interest, commission, cost and charges and all other amt due to the bank of what
so ever nature Others Amt (Rs In Millions) Facility BOI CB
Total FB 500.000 150.000
650.000 NFB 103.000 50.000
153.000 Total 603.000 200.000
803.000 |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Shop no.8 on Ground Floor adm 2132 sq. Ft. I. E. 198.06 sq. Mtrs in
building known as zodiac square RS 445, tps no. 1/b (bodkdv) fp 407 mouje
bodakdev, ta dascroi district Ahmadabad s/ district Ahmadabad -3 memnagr Shop no.9-a beneath shp 9, on gr flr adm 2019 sq. Ft. I. E. 187.57 sq.
Mtrs in bldg known as zodiac square RS 445, tps no. 1/b (bodkdv) fp 407 mouje
bodakdev, taluka dascroi district Ahmadabad s/ district Ahmadabad -3 memnagr Shop no.b-10 beneath shp 10 on gr flr adm 2019 sq. Ft. I. E. 187.57
sq. Mtrs in bldg known as zodiac square Rs 445, tps no. 1/b (bodkdv) fp 407
mouje bodakdev, taluka dascroi district Ahmadabad s/ district Ahmadabad -3
memnagr Shop no Ground Floor /4 on Ground Floor adm 324 sq ft in fairdeal
house const on fp 316 of tps 3 of vil changispur, taluka city district
Ahmadabad s/ district Ahmadabad -3 memnagar Shop no Ground Floor /5 on Ground Floor adm 324 sq ft in fairdeal
house const on fp 316 of tps 3 of vil changispur, taluka city district
Ahmadabad s/ district Ahmadabad -3 memnagar |
FIXED ASSETS
- Buildings
- Office building
- Plant and equipment
- Factory equipments
- Other plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
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.54.78 |
|
|
1 |
Rs.83.38 |
|
Euro |
1 |
Rs.70.71 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--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.