MIRA
INFORM REPORT
|
Report Date : |
11.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
FLAGSHIP DEVELOPERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Blueridge, Near Cognizant, Rajiv
Gandhi Infotech Park, Phase - 1, Hinjewadi, Pune – 411057, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
16.06.2005 |
|
|
|
|
Com. Reg. No.: |
25-020888 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.032 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45201PN2005PTC020888 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Construction of SEZ Building. |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 450000 |
|
|
|
|
Status : |
Yet to commence its business activities. |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Even though the company was incorporated on 16th June 2005.
It is yet to commence its business activities. As claimed by Mr. Sandeep Wankhede, Manager that company will start it business
activities from 2015. Further he also provided general information to us. As per the status in the registrar of companies business appears to be
active. Payment terms are unknown. The company can be considered for business dealing with great 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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
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.
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 (General Details)
|
Name : |
Mr. Sandeep Wankhede |
|
Designation : |
Manager |
|
Contact No.: |
91-9970800640 |
|
Date : |
10.04.2014 |
LOCATIONS
|
Registered Office : |
Blueridge, Near Cognizant, Rajiv
Gandhi Infotech Park, Phase - 1, Hinjewadi, Pune – 411057, Maharashtra, India |
|
Tel. No.: |
91-20-39803980 |
|
Mobile No.: |
91-9970800640 (Mr. Sandeep Wankhede) |
|
Fax No.: |
91-20-39803911 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
DIRECTORS
(AS ON 30.09.2013)
|
Name : |
Mr. Shrikant Purushottam
Paranjape |
|
Designation : |
Director |
|
Address : |
Paranjape Bunglow,
34, M G Road, Vileparle (East), Mumbai – 400057, Maharashtra, India |
|
Date of Birth/Age : |
29.11.1957 |
|
Date of Appointment : |
23.12.2011 |
|
DIN No.: |
00131917 |
|
|
|
|
Name : |
Mr. Shashank Purushottam
Paranjape |
|
Designation : |
Director |
|
Address : |
Paranjape Bunglow,
34, M G Road, Vileparle (East), Mumbai – 400057, Maharashtra, India |
|
Date of Birth/Age : |
23.07.1961 |
|
Date of Appointment : |
23.12.2011 |
|
DIN No.: |
00131956 |
|
|
|
|
Name : |
Mr. Subodh Govardhan
Apte |
|
Designation : |
Director |
|
Address : |
Nachiket Apartment, B-18
S/No.45/1+2, Karve Nagar,
Kothrud, Pune- 411052, Maharashtra, India |
|
Date of Birth/Age : |
21.05.1968 |
|
Date of Appointment : |
31.03.2010 |
|
DIN No.: |
00132040 |
|
|
|
|
Name : |
Mr. Shriram Vinayak
Bapat |
|
Designation : |
Director |
|
Address : |
889, Shriram Apartment, Bhandarkar Road, Deccan
Gymkhana, Pune- 411004, Maharashtra,
India |
|
Date of Birth/Age : |
24.05.1960 |
|
Date of Appointment : |
31.03.2010 |
|
DIN No.: |
00132068 |
|
|
|
|
Name : |
Mr. Sunil Shamrao Patil |
|
Designation : |
Director |
|
Address : |
134/4/8 Ashok Nagar, Chaturshringi, Pune- 411007, Maharashtra, India |
|
Date of Birth/Age : |
28.05.1965 |
|
Date of Appointment : |
23.12.2011 |
|
DIN No.: |
00350283 |
|
|
|
|
Name : |
Mr. Vivek Shankar Jadhav |
|
Designation : |
Director |
|
Address : |
B/2, Kamdar
Park, Gokhale Road, Dadar
(West), Mumbai-400028, Maharashtra, India |
|
Date of Birth/Age : |
29.09.1963 |
|
Date of Appointment : |
23.12.2011 |
|
DIN No.: |
00760284 |
|
|
|
|
Name : |
Mr. Sanjay Bhagavan Kulkarni |
|
Designation : |
Director |
|
Address : |
Flat No 6, Lunavat Complex, PL 2, S/No. 2, Karve
Road, Kothrud, Pune –
411029, Maharashtra, India |
|
Date of Birth/Age : |
05.08.1961 |
|
Date of Appointment : |
19.10.2010 |
|
DIN No.: |
03279476 |
|
|
|
|
Name : |
Mr. Khushru Burjor
Jijina |
|
Designation : |
Director |
|
Address : |
R:2303/4/5/6, F:23rd,
W:P:63/74, Tower D, Ashok Tower, Opposite Mahatma
Gandhi Hospital, Dr. S S Rao
Road, Parel Mumbai - 400012, Maharashtra,
India |
|
Date of Birth/Age : |
23.04.1965 |
|
Date of Appointment : |
09.01.2013 |
|
DIN No.: |
00209953 |
|
|
|
|
Name : |
Mr. Khodadad Maneck
Pavri |
|
Designation : |
Director |
|
Address : |
600, Bachan
Manor, 1st Floor Jame Jamshed Road Matunga, Mumbai –
400019, Maharashtra, India |
|
Date of Birth/Age : |
06.02.1978 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
01865747 |
KEY EXECUTIVES
|
Name : |
Mr. Sandeep Wankhede |
|
Designation : |
Manager |
|
|
|
|
Name : |
Mr. Amit P. Punde |
|
Designation : |
Company Secretary |
|
Address : |
Flat No. 5, 86/2Erandawana, Near Kamla Nehru
Park, Dr. Ketkar Marg, Pune – 411004, Maharashtra,
India |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2013)
|
Name of
Shareholders |
No of Shares (Ordinary
Equity) |
No of Shares (Class A Equity
Shares) |
No of Shares (Class B Equity
Shares) |
|
|
|
|
|
|
Shrikant Purushottam Paranjape |
5009 |
2374 |
-- |
|
Shashank Purushottam Paranjape |
5009 |
2374 |
-- |
|
Pallavi Sudhir Bapat |
94 |
560 |
-- |
|
Sudhir Shivdev Bapat |
94 |
560 |
-- |
|
Paranjape Schemes (Construction) Limited,
India |
4488 |
22132 |
-- |
|
Sunil Shamrao Patil
|
1930 |
1993 |
-- |
|
Vivek Shankar Jadhav |
2765 |
1159 |
-- |
|
IL and FS Trust Company Limited, India |
805 |
4760 |
2 |
|
Indiareit Offshore Fund, Mauritius |
3219 |
19040 |
8 |
|
Absolute Building Company Private Limited, India |
-- |
24848 |
-- |
|
|
|
|
|
|
Total |
23413 |
79800 |
10 |
|
(Ordinary Equity + Class A Equity Shares + Class B Equity Shares) |
103223 |
||
(AS ON 30.09.2013)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
21.57 |
|
Bodies corporate |
|
55.25 |
|
Directors or relatives of directors |
|
21.90 |
|
Other top fifty shareholders |
|
1.28 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Construction of SEZ Building. |
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
20 (Approximately) |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
706, “B” Wing, 7th Floor, ICC Trade Tower, International
Convention Center, S B Road, Pune – 411016, Maharashtra, India |
|
Tel No.: |
91-20-66244600 |
|
Fax No.: |
91-20-66244605 |
|
PAN No.: |
AACFD4815A |
|
|
|
|
Associates : |
· Paranjape Scheme (Construction) Limited · Indiareit Offshore Fund · Absolute Building Constructions Private Limited |
|
|
|
|
Company in which
KMP/ Relatives of KMP can exercise Significant influence : |
· Flagship Infrastructure Private Limited · Neopro Technologies Private Limited · Prism Services Solutions Private Limited |
CAPITAL STRUCTURE
(AS ON 30.09.2013)
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
39900 |
Equity Shares |
Rs.10/- each |
Rs.0.399
Million |
|
80000 |
Class A Equity Shares |
Rs.10/- each |
Rs.0.800 Million |
|
100 |
Class B Equity Shares |
Rs.10/- each |
Rs.0.001 Million |
|
|
|
|
|
|
|
Total |
|
Rs.1.200
Millions |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
23413 |
Equity Shares |
Rs.10/- each |
Rs.0.234
Million |
|
79800 |
Class A Equity Shares |
Rs.10/- each |
Rs.0.798
Million |
|
10 |
Class B Equity Shares |
Rs.10/- each |
Rs.0.000
Million |
|
|
|
|
|
|
|
Total |
|
Rs.1.032 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 |
1.032 |
1.032 |
1.032 |
|
(b) Reserves & Surplus |
111.523 |
112.816 |
114.641 |
|
(c) Money
received against share warrants |
0.002 |
0.002 |
0.002 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1)+(2) |
112.557 |
113.850 |
115.675 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
1.458 |
0.461 |
0.000 |
|
(d) long-term provisions |
0.866 |
0.597 |
0.058 |
|
Total Non-current Liabilities (3) |
2.324 |
1.058 |
0.058 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
328.214 |
57.758 |
29.955 |
|
(b) Trade payables |
0.396 |
0.269 |
0.031 |
|
(c) Other current
liabilities |
89.742 |
26.380 |
0.000 |
|
(d) Short-term provisions |
0.469 |
0.437 |
0.060 |
|
Total Current Liabilities (4) |
418.821 |
84.844 |
30.046 |
|
|
|
|
|
|
TOTAL |
533.702 |
199.752 |
145.779 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
55.374 |
55.374 |
55.374 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
432.809 |
127.838 |
90.405 |
|
(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 |
0.000 |
|
(d) Long-term Loan and Advances |
35.461 |
16.200 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
523.644 |
199.412 |
145.779 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
0.000 |
0.000 |
0.000 |
|
(d) Cash and cash
equivalents |
10.028 |
0.310 |
0.000 |
|
(e) Short-term loans and
advances |
0.030 |
0.030 |
0.000 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
10.058 |
0.340 |
0.000 |
|
|
|
|
|
|
TOTAL |
533.702 |
199.752 |
145.779 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income from Operations |
0.000 |
0.000 |
0.000 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employee Expenses |
0.579 |
1.532 |
0.775 |
|
|
|
Other Expenses |
0.714 |
0.293 |
0.030 |
|
|
|
TOTAL |
1.293 |
1.825 |
0.805 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(1.293) |
(1.825) |
(0.805) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.051 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(1.293) |
(1.825) |
(0.856) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
(1.293) |
(1.825) |
(0.856) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
(1.293) |
(1.825) |
(0.856) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(12.53) |
(17.68) |
(8.30) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.00
|
0.00
|
0.00
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.00
|
0.00
|
0.00
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.28)
|
(2.54) |
(1.55) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.01)
|
(0.02) |
(0.01) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.92
|
0.51 |
0.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.02
|
0.00 |
0.00 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
1.032 |
1.032 |
1.032 |
|
Reserves & Surplus |
114.641 |
112.816 |
111.523 |
|
Net worth |
115.673 |
113.848 |
112.555 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
29.955 |
57.758 |
328.214 |
|
Total borrowings |
29.955 |
57.758 |
328.214 |
|
Debt/Equity ratio |
0.259 |
0.507 |
2.916 |
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 |
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 |
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 |
No |
|
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 |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions) |
|
|
Short Term
Borrowings |
|
|
|
Loans and advanced from related parties |
328.214 |
57.758 |
|
|
|
|
|
Total |
328.214 |
57.758 |
OPERATIONS
The construction of SEZ Building in ‘Blueridge Township’ has commenced in the current year and
expected to complete in 2015. The progress of development is on schedule
NOTE:
The registered office of the company has been
shifted from 917/19B, F. C. Road, Near British Library, Pune
– 411004, Maharashtra, India, to the present address w.e.f. 01.04.2010.
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.60.21 |
|
|
1 |
Rs.101.05 |
|
Euro |
1 |
Rs.83.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
-- |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
27 |
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.