MIRA INFORM REPORT
|
Report Date : |
22.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
ELAARS POOLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Premier Plaza, Phase 2, Shop No. 6, Bombay-Pune Highway, Chinchwad,
Pune - 411019, Maharashtra |
|
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|
Country : |
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|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
03.08.2006 |
|
|
|
|
Com. Reg. No.: |
25-128844 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs. 4.500
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45209PN2006PTC128844 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEE02075D |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCE6571C |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Importer of Ceramic Tiles, Filtration Equipments and
Residential Wooden Floorings. |
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|
|
|
No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 98000 |
|
|
|
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually Correct |
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|
Litigation : |
Clear |
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Comments : |
Subject is an established company having a satisfactory track record. Profit margin of the company reported to be decent. Overall
fundamental of the company appears to be sound and healthy. Trade relations are fair. Business is active. Payment terms are
usually correct. The company can be considered 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.
INDIAN ECONOMIC OVERVIEW
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
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. Imran |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9673008221 |
|
Date : |
21.10.2013 |
LOCATIONS
|
Registered/ Corporate
Office/ Factory : |
Premier Plaza, Phase 2, Shop No. 6, Bombay-Pune Highway, Chinchwad,
Pune - 411 019, Maharashtra, India |
|
Tel No.: |
91-20-66114215/ 16 |
|
Mobile No.: |
91-9673008221 (Mr. Imran) |
|
Fax No.; |
91-20-27400428/ 26614215 |
|
E-Mail : |
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|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Regional Offices : |
Located at: · D-15, Ground Floor, S.S Complex, Kapurthala Road, Jalandar, Punjab, India ·
No-25, MDM Road, Fazer Town, Bangalore,
Karnataka, India |
DIRECTORS
AS ON 22.09.2012
|
Name : |
Mr. Mehjabeen Liyakat Shaikh |
|
Designation : |
Director |
|
Address : |
Plot No. 20, Sector No. 24, Pradhikaran, Nigdi, Pune - 411044,
Maharashtra, India |
|
Date of Birth/Age : |
27.10.1964 |
|
Date of Appointment : |
03.08.2006 |
|
PAN No.: |
BAOPS8366L |
|
DIN No.: |
00394118 |
|
|
|
|
Name : |
Mr. Liyakat Abdul Razak Shaikh |
|
Designation : |
Director |
|
Address : |
Plot No. 20, Sector No. 24, Pradhikaran, Nigdi, Pune - 411044,
Maharashtra, India |
|
Date of Birth/Age : |
25.05.1962 |
|
Date of Appointment : |
03.08.2006 |
|
PAN No.: |
ABWPS7599F |
|
DIN No.: |
00205725 |
KEY EXECUTIVES
|
Name : |
Mr. Imran |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 22.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Mehjabeen Liyakat Shaikh |
|
5000 |
|
Liyakat Abdulrazak Shaikh |
|
445000 |
|
|
|
|
|
Total |
|
450000 |
AS ON 22.09.2012
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Ceramic Tiles, Filtration Equipments and
Residential Wooden Floorings. |
|
|
|
|
Imports : |
|
|
Products : |
Ceramics Tiles |
|
Countries : |
v
Italy v
Spain v
Germany |
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Terms : |
|
|
Selling : |
Cash and Credit |
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|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
Florine Ceramics |
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Customers : |
Retailers v Amar Builders |
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No. of Employees : |
30 (Approximately) |
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Bankers : |
v The Cosmos Co-operative
Bank Limited, Chinchwad Branch, Premier Plaza, Mumbai – Pune Highway,
Chinchwad, Pune - 411019, Maharashtra, India v HDFC Bank, Plot
No.1, Sector 27 A, PCNTDA, Pune – 411018, Maharashtra, India |
|||||||||||||||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Chartered Accountants |
|
Address : |
Office No. 25, 1st Floor, B-Wing, Kamala Cross Roads,
Opposite PCMC, Pimpri, Pune - 411018, Maharashtra, India |
|
Tel. No.: |
91-20-27425872/ 73 |
|
Fax No.: |
91-20-27425871 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
ABLFS5656G |
|
|
|
|
Associates/Subsidiaries : |
v
Freewill
Infrastructure Private Limited Address : 67-15, Premier
Plaza, Phase II, Shop No. 6, Line of
Business: Sports Infrastructure v Summit Sports and Fitness Equipments Address : 67/15, 1st
Floor, G Block, MIDC, Chinchwad, Pune – 411019, Line of Business
:
Sports Equipment and Goods Supplier |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs. 10/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
450000 |
Equity Shares |
Rs. 10/-
each |
Rs. 4.500
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
4.500 |
4.500 |
|
(b) Reserves & Surplus |
|
20.148 |
15.271 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
24.648 |
19.771 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
4.112 |
2.494 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
0.120 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
4.232 |
2.494 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
11.873 |
6.847 |
|
(b)
Trade payables |
|
21.695 |
15.443 |
|
(c)
Other current liabilities |
|
2.089 |
1.728 |
|
(d)
Short-term provisions |
|
6.026 |
3.949 |
|
Total
Current Liabilities (4) |
|
41.683 |
27.967 |
|
|
|
|
|
|
TOTAL |
|
70.563 |
50.232 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
7.122 |
5.270 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.100 |
0.100 |
|
(c) Deferred tax assets
(net) |
|
0.138 |
0.128 |
|
(d) Long-term Loan
and Advances |
|
0.000 |
0.000 |
|
(e)
Other Non-current assets |
|
1.878 |
1.461 |
|
Total
Non-Current Assets |
|
9.238 |
6.959 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
29.043 |
22.075 |
|
(c)
Trade receivables |
|
24.198 |
12.768 |
|
(d)
Cash and cash equivalents |
|
1.817 |
1.860 |
|
(e)
Short-term loans and advances |
|
5.227 |
5.462 |
|
(f)
Other current assets |
|
1.040 |
1.108 |
|
Total
Current Assets |
|
61.325 |
43.273 |
|
|
|
|
|
|
TOTAL |
|
70.563 |
50.232 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
4.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
10.844 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
15.344 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
7.069 |
|
|
2] Unsecured Loans |
|
|
2.050 |
|
|
TOTAL BORROWING |
|
|
9.119 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
24.463 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
4.773 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.100 |
|
|
DEFERREX TAX ASSETS |
|
|
0.092 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
23.539 |
|
|
Sundry Debtors |
|
|
7.231 |
|
|
Cash & Bank Balances |
|
|
0.915 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
8.837 |
|
Total
Current Assets |
|
|
40.522 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
13.209 |
|
|
Current Liabilities |
|
|
4.426
|
|
|
Provisions |
|
|
3.411
|
|
Total
Current Liabilities |
|
|
21.046
|
|
|
Net Current Assets |
|
|
19.476 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.022 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
24.463 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL (A) |
82.946 |
75.993 |
37.951 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
72.761 |
|
33.547 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
10.185 |
8.175 |
(Including
Financial and Depreciation Expenses) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.887 |
0.772 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
8.298 |
7.403 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.091 |
0.779 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
7.207 |
6.624 |
4.404 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.330 |
2.183 |
2.054 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
4.877 |
4.441 |
2.350 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.000 |
0.000 |
1.147 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.84 |
9.87 |
5.22 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
68.200 |
|
|
|
|
[Due to
Recession] |
Expected Sales (2013-2014): Rs. 100.000 Millions
The above information has been parted by Mr. Imran (Accounts Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
5.88
|
5.84 |
6.19 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.25
|
13.25 |
9.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29
|
0.34 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.65
|
0.47 |
0.59 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.47
|
1.55 |
1.93 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
|
Particulars |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
31.03.2010 (Rs.
In Millions) |
|
Current
maturities of long term debt |
|
|
|
|
Term Loans |
0.140 |
0.000 |
|
|
Vehicle Loans |
0.319 |
0.502 |
|
|
|
|
|
|
|
Total |
0.459 |
0.502 |
NA
|
|
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% |
Yes |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10389271 |
05/11/2012 |
2,500,000.00 |
THE COSMOS
CO-OPERATIVE BANK LIMITED (CHINCHWAD BRANCH) |
269/270,
SHANIWAR PETH, PUNE - 411030, MAHARASHTRA, INDIA |
B63078802 |
|
2 |
10372267 |
31/07/2012 |
900,000.00 |
THE COSMOS
CO-OPERATIVE BANK LIMITED (CHINCHWAD BRANCH) |
269/270,
SHANIWAR PETH, PUNE - 411030, MAHARASHTRA, INDIA |
B56294267 |
|
3 |
10346575 |
15/03/2012 |
2,500,000.00 |
THE COSMOS CO-OPERATIVE
BANK LIMITED (CHINCHWAD BRANCH) |
269/270,
SHANIWAR PETH, PUNE - 411030, MAHARASHTRA, INDIA |
B36667772 |
|
4 |
10323339 |
25/11/2011 |
650,000.00 |
THE COSMOS
CO-OPERATIVE BANK LIMITED (CHINCHWAD BRANCH) |
269/270,
SHANIWAR PETH, PUNE - 411030, MAHARASHTRA, INDIA |
B27945542 |
|
5 |
10306742 |
30/08/2011 |
940,000.00 |
THE COSMOS
CO-OPERATIVE BANK LIMITED (CHINCHWAD BRANCH) |
269/270,
SHANIWAR PETH, PUNE - 411030, MAHARASHTRA, INDIA |
B20754198 |
|
6 |
10275623 |
07/03/2011 |
535,000.00 |
THE COSMOS
CO-OPERATIVE BANK LIMITED (CHINCHWAD BRANCH) |
269/270,
SHANIWAR PETH, PUNE - 411030, MAHARASHTRA, INDIA |
B09072513 |
|
7 |
10268040 |
27/01/2011 |
200,000.00 |
THE COSMOS
CO-OPERATIVE BANK LIMITED (CHINCHWAD BRANCH) |
269/270, SHANIWAR
PETH, PUNE - 411030, MAHARASHTRA, INDIA |
B07013337 |
|
8 |
10200314 |
04/07/2009 |
465,000.00 |
THE COSMOS CO-OP
BANK LIMITED |
CHINCHWAD
BRANCH, PREMIER PLAZA, MUMBAI-PUNE ROAD, CHINCHWAD STATION, PUNE - 411019,
MAHARASHTRA, INDIA |
A69699023 |
|
9 |
10113419 |
05/01/2013 * |
25,000,000.00 |
THE COSMOS
CO-OPERATIVE BANK LIMITED (CHINCHWAD BRANCH) |
269/270,
SHANIWAR PETH, PUNE - 411030, MAHARASHTRA, INDIA |
B66112590 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
From Directors, their Relatives and
Shareholders |
2.563 |
1.975 |
|
|
|
|
|
Total |
2.563 |
1.975 |
TRADE REFERENCES:
v Florine Ceramics
v Amar Builders
FIXED ASSETS:
· Office
· Machinery
· Electrical Installation
· Furniture and Fixture
· Computer and Peripherals
· Office Equipments
·
Vehicles
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. 61.49 |
|
|
1 |
Rs. 99.41 |
|
Euro |
1 |
Rs. 84.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
NAY |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
6 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.