MIRA
INFORM REPORT
|
Report Date : |
11.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
BUNGE INDIA PRIVATE LIMITED |
|
|
|
|
Registered Office : |
601C and 601D, 6th Floor, The Capital, C-70, G-Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051, Maharashtra
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
12.03.1958 |
|
|
|
|
Com. Reg. No.: |
17-174267 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.147.993 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U15421MH1958PTC174267 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer, Exporter of Dalda Vanaspati and Dalda Oil and
Importer of Oil. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 33000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having satisfactory track record. The company has achieved better growth in its sales turnover during
the financial year 2013. The rating also takes in to consideration operational, managerial and
financial support that Bunge India receives from
its parent company. Trade relations are fair. Business is active. Payment terms are
reported to be 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
India’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product
from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in
exports and moderation in gold imports. Manufacturing activity and new orders
in India showed their strongest growth in a year in February. The news comes as
a relief after data showed Asia’s third largest economy grew by a
slower-than-expected 4.7 % annually in the three months through December. The
HSBC Manufacturing Purchasing Managers’ Index which gauges the business
activity of India’s factories but not its’ utilities, rose to 52.5 in February,
its highest in a year from 51.4 in January. Overall new orders for factory
goods which rose to a one-year high of 54.9 contributed to the surge. China has
emerged as India’s biggest trading partner in the current financial year
replacing the United Arab Emirates and pushing it to the third spot.
India-China trade has reached $49.5 billion with a 8.7 % share in India’s total
trade. The US comes second at $46 billion with 8.1 % share during the first
nine months of the current financial year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs 1,000
denominations, pushing the deadline to January 1, 2015. A day before dates for
the Lok Sabha polls were
announced, the government decided to hike interest rates on fixed deposit
schemes offered by post offices up to 0.2 per cent. The new rates will be
effective April, 1. The Supreme Court will resume hearing on March, 11 Nokia’s
appeal against a ruling over transferring ownership of its local mobile phones
plant which is the subject of a tax dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into
Hindustan Aeronautics Limited’s contracts from
Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The Central Bureau
of Investigation will look into allegations that over $80 million was paid in
kickbacks in a deal signed in 2011. India has asked Boeing Co. to find a
solution for problems with state-owned Air India’s 787 Dreamliners.
The aircraft has experienced a series of malfunctions since its debut in 2011.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term Rating=A |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
02.12.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Debt=A1 |
|
Rating Explanation |
Very strong degree of safety and lowest
credit risk. |
|
Date |
02.12.2013 |
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 DENIED BY
|
Name : |
Mr. Kalpesh |
|
Designation : |
Accountant |
|
Contact No.: |
91-40509898 |
|
Date : |
10.04.2014 |
LOCATIONS
|
Registered Office : |
601C and 601D, 6th Floor, The Capital, C-70, G-Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051, Maharashtra,
India |
|
Tel. No.: |
91-22-40509898/ 99/40509500 /26533768 |
|
Fax No.: |
91-22-40509898/99 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
9000 sq. ft. (Approximately) |
|
Location: |
Rented |
|
|
|
|
Factory 1: |
N.H. 12, P.O. Ramganj, Balaji
District Bundi, Jaipur –
323001, |
|
Tel No.: |
91-747-2444840/2447623 |
|
Fax No.: |
91-747-2444525 |
|
Location: |
Owned |
|
|
|
|
Factory 2: |
Foods Factory, Edamalaipatti, Pudur Trichy – 620012, |
|
Location: |
Owned |
DIRECTORS
AS ON 27.09.2013
|
Name : |
Mr. Samir Prempal
Jain |
|
Designation : |
Managing Director |
|
Address : |
201, Tower 11, Planet Godrej, Keshav Rao Khadye
Marg, Mahalaxmi (East),
Mumbai, Maharashtra, India |
|
Date of Birth/Age : |
22.09.1972 |
|
Date of Appointment : |
01.03.2012 |
|
PAN No.: |
AAIPJ2477N |
|
DIN No.: |
05255615 |
|
|
|
|
Name : |
Mr. Subramanian Neelakantan Nataraj |
|
Designation : |
Director |
|
Address : |
301, Ambrosia Building, Hirannandani
Gardens, Powai, Mumbai – 400076, Maharashtra, India |
|
Date of Birth/Age : |
22.06.1963 |
|
Date of Appointment : |
01.10.2008 |
|
PAN No.: |
AAGPN0452K |
|
DIN No.: |
01603182 |
|
|
|
|
Name : |
Mr. Vipin Gupta |
|
Designation : |
Director |
|
Address : |
C/O Mr. S. C. Poddar, 194, Sukhdev Vihar, Behind Excorts Hospital, New Delhi – 110 025, India |
|
Date of Birth/Age : |
29.03.1974 |
|
Date of Appointment : |
17.06.2013 |
|
DIN No.: |
02350467 |
|
|
|
|
Name : |
Mr. White John Christopher Silva |
|
Designation : |
Director |
|
Address : |
15 A, |
|
Date of Birth/Age : |
12.06.1952 |
|
Date of Appointment : |
28.04.2003 |
|
DIN No.: |
02638409 |
|
DIN No.: |
02638409 |
|
|
|
|
Name : |
Mr. Ronaldo Ribeiro
Siqueira |
|
Designation : |
Director |
|
Address : |
Alameda Barao Limeira
1306, Apartment 53, Campos Eliseos, Sao Paulo SP,
Brazil |
|
Date of Birth/Age : |
30.09.1971 |
|
Date of Appointment : |
15.05.2013 |
|
DIN No.: |
06580777 |
KEY EXECUTIVES
|
Name : |
Mr. Gurdeep Kaur |
|
Designation : |
Secretary |
|
Address : |
B-25-397, Gobind Nagar,
Patiala-147001, India |
|
Date of Birth/Age : |
16.09.1976 |
|
Date of Appointment : |
10.02.2012 |
|
PAN No.: |
AUXPK1340G |
|
|
|
|
Name : |
Mr. Kalpesh |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS
AS ON 27.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Bunge Mauritius Holdings Limited, |
|
14799237 |
|
Vipin Gupta |
|
25 |
|
Total |
|
14799262 |
Equity Share Break up (Percentage of Total Equity)
AS ON 27.09.2013
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial
institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others |
99.99 |
|
Directors or relatives of Directors |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter of Dalda Vanaspati and Dalda Oil and
Importer of Oil. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
||||||||||||
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|
|
||||||||||||
|
Bankers : |
·
Citi Bank ·
HSBC Bank – Fort Branch, Mumbai ·
Standard Chartered Bank - Fort Branch, Mumbai ·
Deutche Bank - Fort
Branch, Mumbai ·
State Bank of India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountant |
|
Address : |
Tower 3, 27th – 32nd Floor, Indiabulls
Finance Centre, Elephistone Mills Compound, Senapati Bapat Marg, Elphistone (West),
Mumbai, Maharashtra, India |
|
Tel. No.: |
91-22-61854000 |
|
|
91-22-61854501/ 4601 |
|
PAN No.: |
AACFD4815A |
|
|
|
|
Holding Company : |
Bunge Mauritius Holdings Company |
|
|
|
|
Associates : |
Bunge London Limited |
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|
|
|
Other Related Parties : |
·
Bunge Agribusiness Singapore Pte Limited ·
Grains And Industrial Products Trading Pte Limited ·
Bunge Sa Geneva ·
Ecoinvest Sa Switzerland ·
Bunge Vietnam Limited |
CAPITAL STRUCTURE
AS ON 27.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14799262 |
Equity Shares |
Rs.10/- each |
Rs.147.993 Millions |
|
|
|
|
|
FINANCIAL DATA\
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
147.993 |
147.993 |
147.993 |
|
(b) Reserves & Surplus |
7990.100 |
5441.500 |
3746.207 |
|
(c) Money
received against share warrants |
0.007 |
0.007 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
8138.100 |
5589.500 |
3894.200 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
4586.100 |
4594.800 |
44.800 |
|
(b) Deferred tax liabilities (Net) |
161.500 |
72.800 |
0.000 |
|
(c) Other long term liabilities |
152.000 |
132.500 |
32.600 |
|
(d) long-term provisions |
142.600 |
120.400 |
116.700 |
|
Total Non-current Liabilities (3) |
5042.200 |
4920.500 |
194.100 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
4697.700 |
1902.200 |
3.500 |
|
(b) Trade payables |
20131.200 |
6637.500 |
2266.400 |
|
(c) Other current
liabilities |
97805.700 |
40265.700 |
35523.000 |
|
(d) Short-term provisions |
35.500 |
21.300 |
171.800 |
|
Total Current Liabilities (4) |
122670.100 |
48826.700 |
37964.700 |
|
|
|
|
|
|
TOTAL |
135850.400 |
59336.700 |
42053.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
2373.200 |
1852.500 |
528.300 |
|
(ii) Intangible Assets |
2284.300 |
2635.000 |
90.600 |
|
(iii) Capital
work-in-progress |
2103.200 |
1123.300 |
41.700 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
9.100 |
|
(d) Long-term Loan and Advances |
728.300 |
973.200 |
411.100 |
|
(e) Other Non-current assets |
22.300 |
2.000 |
0.000 |
|
Total Non-Current Assets |
7511.300 |
6586.000 |
1080.800 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
352.900 |
0.000 |
0.000 |
|
(b) Inventories |
4392.300 |
3302.000 |
2170.400 |
|
(c) Trade receivables |
97561.100 |
43347.500 |
36540.300 |
|
(d) Cash and cash
equivalents |
24906.900 |
5458.000 |
113.700 |
|
(e) Short-term loans and
advances |
1091.100 |
643.200 |
520.100 |
|
(f) Other current assets |
34.800 |
0.000 |
1627.700 |
|
Total Current Assets |
128339.100 |
52750.700 |
40972.200 |
|
|
|
|
|
|
TOTAL |
135850.400 |
59336.700 |
42053.000 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
466262.000 |
263426.000 |
149170.000 |
|
|
|
Other Income |
14185.000 |
8395.000 |
3608.000 |
|
|
|
TOTAL |
480447.000 |
271821.000 |
152778.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
476110.000 |
269151.000 |
150741.000 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
4337.000 |
2670.000 |
2037.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
498.000 |
175.000 |
114.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
3839.000 |
2495.000 |
1923.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1290.000 |
800.000 |
640.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
2549.000 |
1695.000 |
1283.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
5357.000 |
3662.000 |
2379.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
7906.000 |
5357.000 |
3662.000 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
2039.413 |
127694.500 |
110731.200 |
|
|
|
Other Earnings |
1.119 |
82.800 |
59.800 |
|
|
TOTAL EARNINGS |
2040.532 |
127777.300 |
110791.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
4438.456 |
248043.300 |
137476.900 |
|
|
TOTAL IMPORTS |
4438.456 |
248043.300 |
137476.900 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
172.24 |
114.53 |
86.69 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.53
|
0.62
|
0.84 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.82
|
0.95
|
1.29 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.87
|
4.29 |
4.58 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.47
|
0.45 |
0.49 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.14
|
1.16 |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.05
|
1.08 |
1.08 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs. In
Millions |
Rs. In
Millions |
Rs. In
Millions |
|
Share Capital |
147.993 |
147.993 |
147.993 |
|
Reserves & Surplus |
3746.207 |
5441.500 |
7990.100 |
|
Net
worth |
3894.200 |
5589.493 |
8138.093 |
|
|
|
|
|
|
long-term borrowings |
44.800 |
4594.800 |
4586.100 |
|
Short term borrowings |
3.500 |
1902.200 |
4697.700 |
|
Total
borrowings |
48.300 |
6497.000 |
9283.800 |
|
Debt/Equity
ratio |
0.012 |
1.162 |
1.141 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs. In
Millions |
Rs. In
Millions |
Rs. In
Millions |
|
Sales |
149170.000 |
263426.000 |
466262.000 |
|
|
|
76.594 |
76.999 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs. In
Millions |
Rs. In
Millions |
Rs. In
Millions |
|
Sales
|
149170.000 |
263426.000 |
466262.000 |
|
Profit |
1283.000 |
1695.000 |
2549.000 |
|
|
0.86% |
0.64% |
0.55% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITY
OF LONG TERM DEBT IS NOT AVAILABLE.
|
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 |
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
WORKING RESULTS:
The total revenue
for the year was Rs.480447.000 million as against Rs.271821.000 million for the
previous year while the net sales was Rs.466262.000 million and Rs.263426.000 million
respectively. During the year, Subject earned a profit after tax adjustments of
Rs.2549.000 million as against Rs.1695.000 million earned in the previous year.
NOTES:
·
Registered office address of the company has been shifted
from B-401 and 501, Business Square, Andheri – Kurla Road, Chakala, Andheri (East), Mumbai – 400093, Maharashtra,
India to the present address w.e.f. 29.04.2013
·
No Charges Exist for Company.
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs.
In Millions |
31.03.2012 Rs.
In Millions |
|
Long Term Borrowings |
|
|
|
Fully Convertible
Debentures others |
4550.000 |
4550.000 |
|
Loans and
Advances from related parties |
36.100 |
44.800 |
|
|
|
|
|
Short Term Borrowings |
|
|
|
Working Capital Loans
from Banks |
4684.700 |
1745.300 |
|
|
|
|
|
Total |
9270.800 |
6340.100 |
FIXED ASSETS:
·
Goodwill
·
Brands
·
Technical Knowhow
·
Non Compete Fees
·
Computer Software
·
Freehold Land
·
Buildings
·
Plant and Machinery
·
Office Equipment and Furniture and Fixtures
·
Motor Vehicles
·
Leasehold Improvements
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 records 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.60.21 |
|
|
1 |
Rs.101.05 |
|
Euro |
1 |
Rs.83.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
49 |
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.