1. Summary Information
|
Country |
|
||
|
Company Name |
INFINITY INDUSTRIES PRIVATE LIMITED |
Principal Name 1 |
Mr. Lakhamshi Jethalal Gala |
|
Status |
Moderate |
Principal Name 2 |
Mr. Bhavesh Lakhamshi Gala |
|
Registration # |
11-131865 |
||
|
Street Address |
Haroon House,
1st Floor, 294, Perin Nariman Street, RBI Fort, Mumbai – 400001, Maharashtra,
India |
||
|
Established Date |
04.05.2001 |
SIC Code |
-- |
|
Telephone# |
91-22-40462288 |
Business Style 1 |
Dealer |
|
Fax # |
91-22-40462277 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Packaging Paper Product |
|
|
# of employees |
90 (Approximately) [In Office 60 + In Branches 30] |
Product Name 2 |
-- |
|
Paid up capital |
Rs.150,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate - 9.78% Directors or relatives of Directors - 90.22% |
Banking |
ICICI Bank |
|
Public Limited Corp. |
NO |
Business Period |
12 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (34) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
236,812,000 |
Current Liabilities |
245,544,000 |
|
Inventories |
329,778,000 |
Long-term Liabilities |
404,919,000 |
|
Fixed Assets |
270,261,000 |
Other Liabilities |
16,471,000 |
|
Deferred Assets |
00,000 |
Total Liabilities |
666,934,000 |
|
Invest& other Assets |
36,727,000 |
Retained Earnings |
56,644,000 |
|
|
|
Net Worth |
206,644,000 |
|
Total Assets |
873,578,000 |
Total Liab. & Equity |
873,578,000 |
|
Total Assets (Previous Year) |
749,789,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales (Approximately) |
1,500,000,000 |
Net Profit |
17,207,000 |
|
Sales(Previous yr) |
Not Available |
Net Profit(Prev.yr) |
16,423,000 |
MIRA INFORM REPORT
|
Report Date : |
09.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
INFINITY INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Haroon House, 1st Floor, 294, Perin Nariman Street,
Opposite RBI Fort, Mumbai – 400 001, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
04.05.2001 |
|
|
|
|
Com. Reg. No.: |
11-131865 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 150.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21015MH2001PTC131865 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMI04028D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI8002P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealer of Packaging Paper Product. |
|
|
|
|
No. of Employees
: |
90 (Approximately) [In Office 60 + In Branches 30] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 826000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. Reserves appear to be low. However, trade relations are reported as fair.
Business is active. Payment terms are reported as slow but correct. The company can be considered for business dealings with some 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
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
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term Loan: BB (Suspended) |
|
Rating Explanation |
Moderate risk of default and high credit
risk. |
|
Date |
June 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund Based Facilities: A4 (Suspended) |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
June 2013 |
Reason for Suspension: Absence of the requisite
information from the company.
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. Nadeem Shaikh |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9869455169 |
|
Date : |
07.11.2013 |
LOCATIONS
|
Registered Office : |
Haroon House, 1st Floor, 294, Perin Nariman Street,
Opposite RBI Fort, Mumbai – 400 001, Maharashtra, India |
|
Tel. No.: |
91-22-40462288 / 22672288 |
|
Mobile No.: |
91-9869455169 (Mr. Nadeem Shaikh) |
|
Fax No.: |
91-22-40462277 / 22672277 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1500 Sq. ft. (Carpet Area) |
|
Location : |
Owned |
|
|
|
|
Factory : |
Next to All Saints High School, Pissa Dam Road, Off Mumbai
Nasik Highway, Near BMC Water Filtration Plant, Village: Bhavale, Taluka:
Bhiwandi, District: Thane, Maharashtra, India |
|
Tel. No.: |
91-2522-302288 |
|
|
|
|
Branch Offices : |
Located at
|
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Lakhamshi Jethalal Gala |
|
Designation : |
Director |
|
Address : |
23, Central Building, Chowpatty Sea Face, Mumbai - 400 006,
Maharashtra, India |
|
Date of Birth/Age : |
10.03.1956 |
|
Qualification : |
Non Metric |
|
Date of Appointment : |
04.05.2001 |
|
DIN No.: |
00064710 |
|
PAN No.: |
AACPG4775A |
|
|
|
|
Name : |
Mr. Bhavesh Lakhamshi Gala |
|
Designation : |
Director |
|
Address : |
23, Central Building, Chowpatty Sea Face, Mumbai - 400 006,
Maharashtra, India |
|
Date of Birth/Age : |
22.03.1979 |
|
Qualification : |
B. Com., M.B.A. |
|
Date of Appointment : |
04.05.2001 |
|
DIN No.: |
00064870 |
|
PAN No.: |
AEJPG3968C |
KEY EXECUTIVES
|
Name : |
Mr. Nadeem Shaikh |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
L. J. Gala – HUF Jointly with Sushila L. Gala |
|
4,002,600 |
|
Lakhamshi J. Gala Jointly with Sushila L. Gala |
|
4,744,600 |
|
Bhavesh L. Gala Jointly with Beena B. Gala |
|
1,884,200 |
|
Sushilaben L. Gala Jointly with Lakhamshi J. Gala |
|
714,000 |
|
Beena B. Gala Jointly with Bhavesh L. Gala |
|
263,000 |
|
Bhavesh L. Gala-HUF Jointly with Lakhamshi J. Gala |
|
1,804,000 |
|
Outlook Impex (India) Private Limited, India |
|
1,467,600 |
|
Parul Jiten Shah |
|
120,000 |
|
|
|
|
|
Total |
|
15,000,000 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
9.78 |
|
Directors or relatives of Directors |
90.22 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer of Packaging Paper Product. |
|
|
|
|
Agencies Held : |
|
|
|
|
|
Exports : |
|
|
Products : |
Paper Products |
|
Countries : |
Sri Lanka |
|
|
|
|
Imports : |
|
|
Products : |
Paper Products |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
LC |
|
|
|
|
Purchasing : |
DA, LC, DP |
GENERAL INFORMATION
|
Suppliers : |
Ajanta Paper Centre, Mumbai, Maharashtra, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Customers : |
Wholesalers and Retailers
|
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
90 (Approximately) [In Office 60 + In Branches 30] |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
|
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
LC and CC Total Facility
enjoyed Approximately Rs.450.000 Millions (From Union Bank of India)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M K Doshi and Associates Chartered Accountants |
|
Address : |
3rd Floor, Room No. 64, Poddar Chambers, Opposite Apporva
Restaurant, S A Baverly Road, Fort, Mumbai – 400 001, Maharashtra, India |
|
PAN No.: |
AAVFM1162E |
CAPITAL STRUCTURE
As on 29.09.2012
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs. 10/- each |
Rs. 150.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs. 10/- each |
Rs. 150.000
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 |
150.000 |
150.000 |
106.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
26.000 |
|
|
3] Reserves & Surplus |
56.644 |
39.437 |
23.014 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
206.644 |
189.437 |
155.014 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
302.683 |
251.528 |
226.590 |
|
|
2] Unsecured Loans |
102.236 |
75.563 |
49.531 |
|
|
TOTAL BORROWING |
404.919 |
327.091 |
276.121 |
|
|
DEFERRED TAX LIABILITIES |
16.471 |
12.663 |
8.208 |
|
|
|
|
|
|
|
|
TOTAL |
628.034 |
529.191 |
439.343 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
270.261 |
272.105 |
246.108 |
|
|
Capital work-in-progress |
36.727 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.500 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
329.778
|
217.765
|
199.603
|
|
|
Sundry Debtors |
186.711
|
192.534
|
143.118
|
|
|
Cash & Bank Balances |
13.177
|
37.949
|
10.282
|
|
|
Other Current Assets |
3.312
|
5.018
|
0.000
|
|
|
Loans & Advances |
33.612
|
24.418
|
45.074
|
|
Total
Current Assets |
566.590
|
477.684
|
398.077
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
216.322
|
204.070
|
100.351
|
|
|
Other Current Liabilities |
25.997
|
13.217
|
105.364
|
|
|
Provisions |
3.225
|
3.311
|
0.000
|
|
Total
Current Liabilities |
245.544
|
220.598
|
205.715
|
|
|
Net Current Assets |
321.046
|
257.086
|
192.362
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.373 |
|
|
|
|
|
|
|
|
TOTAL |
628.034 |
529.191 |
439.343 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1500.000 (Approximately) |
|
1077.927 |
|
|
|
Other Income |
NA |
|
12.161 |
|
|
|
TOTAL (A) |
NA |
NA |
1090.088 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost Of Goods Sold |
|
|
1016.246 |
|
|
|
Operative & Other Expenses |
|
|
11.722 |
|
|
|
Personnel Expenses |
|
|
7.268 |
|
|
|
TOTAL (B) |
NA |
NA |
1035.236 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
NA |
54.852 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
NA |
30.613 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
NA |
24.239 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
NA |
6.021 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
NA |
NA |
18.218 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
NA |
NA |
6.120 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
17.207 |
16.423 |
12.098 |
|
|
|
|
|
|
|
|
|
Add / (Less) |
TAXATION FOR
EARLIER YEARS |
NA |
NA |
(0.058) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
10.974 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Bonus Shares |
NA |
NA |
0.000 |
|
|
|
Differed Tax Liability |
NA |
NA |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
23.014 |
|
|
|
|
|
|
|
|
|
|
TOTAL IMPORTS |
NA |
NA |
414.519 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.14 |
-- |
-- |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
1500.000 |
|
|
|
|
|
Expected Sales (2013-14) : Rs.1575.000 Millions
The above information has been parted by Mr. Nadeem Shaikh.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
NA |
1.11
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
1.69
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA |
2.83
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA |
0.12
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.95
|
1.72 |
1.78
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.30
|
2.16 |
1.94
|
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 |
Yes |
|
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 |
No |
|
17] |
Major suppliers |
Yes |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN:
(Rs.
in Millions)
|
Particulars |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
|
|
|
|
Loans and advances from Related Parties |
102.236 |
75.563 |
|
|
|
|
|
Total |
102.236 |
75.563
|
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10434658 |
02/07/2013 |
19,500,000.00 |
UNION BANK OF INDIA |
Bazargate Street Branch, 266, Perin Nariman Street, Mumbai, Maharashtra - 400001, INDIA |
B78651403 |
|
2 |
10156421 |
18/04/2009 |
200,000,000.00 |
UNION BANK OF INDIA |
BAZARGATE STREET BRANCH, 266, PERIN NARIMAN STREET, FORT, MUMBAI, Maharashtra - 400001, INDIA |
A61787727 |
|
3 |
10156351 |
26/07/2011 * |
666,600,000.00 |
UNION BANK OF INDIA |
Bazargate Street Branch, 266, Perin Nariman Street, Fort, Mumbai, Maharashtra - 400001, INDIA |
B19030501 |
|
4 |
90349429 |
02/08/2011 * |
350,000,000.00 |
UNION BANK OF INDIA |
Bazargate Street Branch, 266, Perin Nariman Street, Fort, Mumbai, Maharashtra - 400001, INDIA |
B19029743 |
* Date of charge modification
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.62.73 |
|
|
1 |
Rs.100.92 |
|
Euro |
1 |
Rs.84.06 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
34 |
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%)
q
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.