|
Report Date : |
13.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
SUPER BOND ADHESIVES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
119, Vardhaman Complex, Gokul Nagar, L.B.S. Marg, Thane
(West), Thane – 400601, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
15.07.1994 |
|
|
|
|
Com. Reg. No.: |
11-079653 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 8.019 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24130MH1994PTC079653 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Adhesives. |
|
|
|
|
No. of Employees
: |
Not Available |
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 97000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
Trade relations are reported to be fair. Business is active. Payments are reported
to be usually correct and as per commitment. The company can be considered for normal business dealings at usual
trade terns and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
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
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
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
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.
LOCATIONS
|
Registered Office : |
119, Vardhaman Complex, Gokul Nagar, L.B.S. Marg, Thane
(West), Thane – 400601, Maharashtra, India |
|
Tel. No.: |
91-22-21721016/17 |
|
Fax No.: |
91-22-21721018 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Dileep Aditya Agarwal |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
B-1001, Princeton, Hiranandani Estate, Ghodbhunder Road, Thane –
400607, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
08.03.1955 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.07.1994 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00256422 |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Pradeep Aditya Agarwal |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
1401, Welington , Hiranandani Estate,Ghodbhunder Road, Thane-400607,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.09.1952 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.07.1994 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00256478 |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Priyank Pradeep Agarwal |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
1401, Welington , Hiranandani Estate,Ghodbhunder Road, Thane-400607,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
03.12.1986 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
02.04.2010 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02971795 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Rohan Dileep Agarwal |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
B-1001, Princeton, Hiranandani Estate, Ghodbhunder Road, Thane –
400607, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
04.04.1988 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.08.2012 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
03179442 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS
As on 28.09.2012
SHAREHOLDING
DETAIL FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Adhesives. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M V Keswani and Company Chartered Accountants |
|
Address : |
24, 1st Floor, Prince Market, Furniture Bazar, Ulhasnagar –
421003, Maharashtra, India |
|
PAN No.: |
ACQPK9748K |
CAPITAL STRUCTURE
After 28.09.2012
Authorised Capital : Rs. 30.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 17.323
Millions
As on 28.09.2012
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 |
|
|
|
|
|
|
801900 |
Equity Shares |
Rs. 10/- each |
Rs. 8.019 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 |
|
8.019 |
8.019 |
|
(b) Reserves & Surplus |
|
16.127 |
12.429 |
|
(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) |
|
24.146 |
20.448 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
40.939 |
27.713 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
40.939 |
27.713 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
15.720 |
20.370 |
|
(b) Trade
payables |
|
25.653 |
19.731 |
|
(c) Other
current liabilities |
|
0.000 |
0.000 |
|
(d) Short-term
provisions |
|
4.590 |
5.595 |
|
Total Current
Liabilities (4) |
|
45.963 |
45.696 |
|
|
|
|
|
|
TOTAL |
|
110.048 |
93.857 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
13.770 |
6.943 |
|
(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 |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
13.770 |
6.943 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.060 |
|
(b)
Inventories |
|
28.341 |
30.091 |
|
(c) Trade
receivables |
|
56.426 |
50.267 |
|
(d) Cash
and cash equivalents |
|
4.544 |
2.127 |
|
(e)
Short-term loans and advances |
|
7.967 |
4.369 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
97.278 |
86.914 |
|
|
|
|
|
|
TOTAL |
|
111.048 |
93.857 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
8.019 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
9.143 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
17.162 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
13.886 |
|
|
2] Unsecured Loans |
|
|
6.606 |
|
|
TOTAL BORROWING |
|
|
20.492 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
37.654 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
6.786 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
1.060 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
14.019 |
|
|
Sundry Debtors |
|
|
24.870 |
|
|
Cash & Bank Balances |
|
|
0.080 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
2.536 |
|
Total
Current Assets |
|
|
41.505 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
6.280 |
|
|
Other Current Liabilities |
|
|
1.073 |
|
|
Provisions |
|
|
4.344 |
|
Total
Current Liabilities |
|
|
11.697 |
|
|
Net Current Assets |
|
|
29.808 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
37.654 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
255.897 |
189.968 |
113.015 |
|
|
|
Other Income |
0.476 |
0.209 |
NA |
|
|
|
TOTAL |
256.373 |
190.177 |
NA |
|
|
|
|
|
|
|
|
|
TOTAL
EXPENDITUEE |
250.865 |
185.329 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
5.508 |
4.848 |
NA |
|
|
|
|
|
|
|
|
|
|
TAX |
1.810 |
1.563 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
3.698 |
3.285 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.61 |
4.10 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.44 |
1.72 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.15 |
2.55 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.66
|
5.58 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
22.81
|
23.71 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.35
|
2.35 |
1.19 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.12
|
1.90 |
3.55 |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
two 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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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 |
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 |
No |
UNSECURED LOANS:
|
Particulars |
31.03.2012 Rs. In Millions |
31.03.2011 Rs. In Millions |
|
Short Term
Borrowings |
|
|
|
Aditya Agarwal
(HUF) |
0.846 |
0.764 |
|
Bipin Chheda(HUF) |
0.000 |
0.524 |
|
Beena Kiran Gangar |
0.000 |
0.293 |
|
Chandan Mamnia |
0.000 |
0.240 |
|
Deena R Gala |
0.000 |
0.210 |
|
Dileep Agarwal |
1.164 |
0.191 |
|
Dileep Agarwal
(HUF) |
1.402 |
0.011 |
|
Deepa Agarwal |
0.360 |
0.272 |
|
Deepak Agarwal |
0.350 |
0.000 |
|
Deepti Agarwal |
1.373 |
0.457 |
|
Girish S. Punjabi |
0.107 |
0.107 |
|
Hetal K Chheda |
0.000 |
0.234 |
|
Hetal Vijay Gala |
0.000 |
0.300 |
|
Jagdish Ailani
(HUF) |
0.053 |
0.053 |
|
Jagdish Khemchand
Ailani |
0.053 |
0.053 |
|
Jitendra Palan
(HUF) |
0.000 |
0.262 |
|
Kalpana Nagda |
0.000 |
0.234 |
|
Kalyanji Hirji
Savla |
0.000 |
0.410 |
|
Laxmichand V. Gada
( HUF) |
0.000 |
0.166 |
|
Madhu P Gada |
0.000 |
0.131 |
|
Manilal P Gada |
0.000 |
0.293 |
|
Mansukh Gada |
0.000 |
0.240 |
|
Mansukhh Shamli
Dehia |
0.000 |
0.131 |
|
Manoj D. Gala |
0.000 |
0.139 |
|
Mrs. Roma Peswani |
0.362 |
0.397 |
|
Narendra T. Gosar |
0.000 |
0.139 |
|
Nayna Laxmichand Gada |
0.000 |
0.194 |
|
Nayan Cheda |
0.000 |
0.111 |
|
Navin Bhanushali(HUF) |
0.000 |
0.367 |
|
Nilesh Chheda |
0.000 |
0.234 |
|
Nirmal Karani |
0.222 |
0.210 |
|
Nishingandha Polymers Private Limited |
0.000 |
2.105 |
|
Prabha Savla |
0.333 |
0.313 |
|
Prafulchandra Dharod (HUF) |
0.277 |
0.250 |
|
Pravinchandra Upadhyay |
0.277 |
0.262 |
|
Pravin Nagda(HUF) |
0.222 |
0.210 |
|
Pulin Chheda |
0.277 |
0.250 |
|
Priyank Agarwal |
1.561 |
0.962 |
|
Pradeep Agarwal |
1.402 |
3.863 |
|
Pradeep Agarwal (HUF) |
0.113 |
0.110 |
|
Rameila A Shethia |
0.222 |
0.222 |
|
Richie Agarwal |
1.336 |
0.606 |
|
Rohan Agarwal |
1.545 |
1.057 |
|
Satish Gala(HUF) |
0.249 |
0.234 |
|
Shaila Manish Mota |
0.000 |
0.300 |
|
Suresh Bhatt |
0.249 |
0.235 |
|
Shantaben A Gala |
0.000 |
0.111 |
|
Sonalben V Devliya |
0.249 |
0.249 |
|
Trilok Laxmichand Shah |
0.443 |
0.400 |
|
Taradevi Agarwal |
0.109 |
0.098 |
|
Usha Shetthia |
0.249 |
0.234 |
|
Vaishali Rane |
0.111 |
0.103 |
|
Vimla K Dedhia |
0.194 |
0.184 |
|
Kanpur Branch(Loan) |
0.010 |
0.000 |
|
Mehul Sundarji Nagda |
0.000 |
0.410 |
|
Mulbai Gala |
0.000 |
0.235 |
|
Total |
15.720 |
20.370 |
INDEX OF CHARGE:
|
Sr .No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10445445
|
02/08/2013
|
110,000,000.00
|
|
George Mansion,, L.B.S. Marg,
Uthalsar Naka,, Thane, Maharashtra - 400601, INDIA |
B83197970
|
|
2 |
10342700
|
27/01/2012
|
5,300,000.00
|
Axis
Bank Limited |
Axis House, Gr. Floor,, Bombay
Dyeing Mills Compound, P.B. Marg Worli, Mumbai, Maharashtra - 400025, INDIA |
B35226638
|
|
3 |
10277128
|
09/05/2012
* |
69,000,000.00
|
Axis
Bank Limited |
Corp. Banking,Br. Axis House, Ground
Floor, Bombay Dying Mills Compound, P. B. Marg, Worli, Mumbai, Maharashtra -
400025, INDIA |
B41934035
|
|
4 |
10272337
|
22/06/2012
* |
65,000,000.00
|
Axis
Bank Limited |
Corp. Banking Br., Axis House,
Ground Floor, Bombay Dyeing Mills Compound, P.B. Marg, Worli, Mumbai,
Maharashtra - 400025, INDIA |
B43145739
|
|
5 |
10274666
|
02/02/2011
|
3,700,000.00
|
Axis
Bank Ltd. |
George Mansion L.B.S. Marg, Uthalsar
Naka, Thane, Maharashtra - 400601, INDIA |
B08523193
|
* 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. 63.67 |
|
|
1 |
Rs. 100.71 |
|
Euro |
1 |
Rs. 84.72 |
INFORMATION DETAILS
|
Report Prepared
by : |
VNT |
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 |
NO |
|
--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.