MIRA
INFORM REPORT
|
Report Date : |
14.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
LPS BOSSARD PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-1/ 134, Safderjung Enclave, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
21.11.1997 |
|
|
|
|
Com. Reg. No.: |
55-090805 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 48.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200DL1997PTC090805 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELL01408B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader, Importer and supplier of Bolts, Nuts and Fasteners. |
|
|
|
|
No. of Employees
: |
105 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. There is a dip in sales and profit of the company in the year 2013.
However, liquidity position of the company is strong and healthy. Rating also takes into consideration promoter’s extensive experience
in business. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered for business dealing 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.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
NEWS
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization policies.
A firm called Ciane Analytics studied returns from assets including
equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate
outperformed every other asset classes during the 23-year period with an
annualized return of 20 % ! Equities came in second with annualized return of
15.5 % ! However, while these returns may seem mouthwatering, the fact is that
the return from equities adjusted for inflation came down to just 7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: “BBB+” |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
15.01.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: “A2” |
|
Rating Explanation |
Strong degree of safety and low credit risk.
|
|
Date |
15.01.2014 |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Anil Chahal |
|
Designation : |
Company Secretary |
|
Contact No.: |
91-9896391572 |
|
Date : |
14.08.2014 |
LOCATIONS
|
Registered Office : |
A-1/ 134, Safderjung Enclave, New Delhi – 110029, India |
|
Tel. No.: |
91-11-26180086 |
|
Mobile No.: |
91-9896391572 (Mr. Anil Chahal) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory / Admin Office : |
NH-10, Delhi Rohtak Road, Kharawar By
Pass, Rohtak, Rohtak, Haryana 124001, India |
|
|
|
|
Branch Office 1 : |
1975, Survey No.433/2/2, Dasharath, Vadodara, Gujarat, India |
|
|
|
|
Branch Office2 : |
Located At : ·
Pune ·
Bangladesh |
DIRECTORS
AS ON: 30.09.2013
|
Name : |
Mr. Rajesh Jain |
|
Designation : |
Managing Director |
|
Address : |
Nav Bharat House, |
|
Date of Birth/Age : |
28.06.1958 |
|
Date of Appointment : |
21.11.1997 |
|
DIN No.: |
00096176 |
|
|
|
|
Name : |
Mr. Lalit Kumar Jain |
|
Designation : |
Director |
|
Address : |
Nav Bharat House, |
|
Date of Birth/Age : |
19.10.1954 |
|
Date of Appointment : |
21.11.1997 |
|
DIN No.: |
00061293 |
|
|
|
|
Name : |
Mr. Stephen Johnnes Joseph Zehnder |
|
Designation : |
Director |
|
Address : |
AM Rainbach 8, 6340, |
|
Date of Birth/Age : |
20.10.1965 |
|
Date of Appointment : |
18.12.2004 |
|
DIN No.: |
00290507 |
|
|
|
|
Name : |
Mr. Ang De Wel Robert |
|
Designation : |
Director |
|
Address : |
14C, |
|
Date of Birth/Age : |
26.08.1963 |
|
Date of Appointment : |
31.05.2009 |
|
DIN No.: |
02944902 |
KEY EXECUTIVES
|
Name : |
Mr. Anil Chahal |
|
Designation : |
Secretary |
|
Address : |
H. No. 301, Ward No. 13, Inder Garhi Gohana, Sonepat – 131301,
Haryana, India |
|
Date of Birth/Age : |
19.02.1973 |
|
Date of Appointment : |
07.02.2001 |
|
PAN No.: |
ADAPC5340G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Bossard AG, |
|
2448020 |
|
Lakshmi Precision Screws Private Limited, Haryana |
|
2352019 |
|
|
|
|
|
Total |
|
4800039 |
Equity Share Break up (Percentage of Total Equity)
AS ON: 30.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
51.00 |
|
Bodies corporate |
|
49.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Importer and supplier of Bolts, Nuts and Fasteners. |
|
|
|
|
Export : |
|
|
Products : |
Bolts, Nuts and Fasteners |
|
Countries : |
USA |
|
|
|
|
Imports : |
|
|
Products : |
Bolts, Nuts and Fasteners |
|
Countries : |
·
China ·
Switzerland |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit , LC and TT |
|
|
|
|
Purchasing : |
Cash, Credit and Depesnd |
GENERAL INFORMATION
|
Supplier : |
Lakshmi
Precision Screws Limited
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Customers : |
Wholesalers, Retailers and End Users ·
Wind World India Limited |
||||||||||||||||||
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|
||||||||||||||||||
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No. of Employees : |
105 (Approximately) |
||||||||||||||||||
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|
||||||||||||||||||
|
Bankers : |
Canara Bank, Near Power House, Delhi Road, Rohtak -
124001, Haryana, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
Fund and
Non-Fund Based = Rs. 145.000 Millions
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Building 8, 7th and 8th Floor, Tower B, DLF Cyber,
Gurgaon – 122002, Haryana, India |
|
PAN No.: |
AEAPG0246E |
|
|
|
|
Holding Company: |
·
Bossard AG, Switzerland |
|
|
|
|
Subsidiaries : |
·
Bossard France S. A. ·
Bossard Denmark ·
Bossard Pte. Limited, Singapore ·
Bossard Industrial Fastener International Trading
Company Limited ·
Bossard North America Inc. ·
LPS Bossard Information Systems Private Limited |
|
|
|
|
Joint Venture: |
·
Lakshmi Precision Screws Limited |
|
|
|
|
Related Party: |
·
Sudhir Automotive Industries Private Limited ·
Precision Fasteners Corporation ·
Universal Precision Screws ·
Universal Enterprises ·
JC Fastness Limited ·
LPS Industrial Suppliers |
CAPITAL STRUCTURE
AS ON: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs. 60.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4800039 |
Equity Shares |
Rs.10/- each |
Rs. 48.000
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 |
48.000 |
48.000 |
48.000 |
|
(b) Reserves & Surplus |
394.421 |
363.381 |
318.184 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
442.421 |
411.381 |
366.184 |
|
|
|
|
|
|
(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 |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.598 |
0.388 |
|
Total
Non-current Liabilities (3) |
0.000 |
0.598 |
0.388 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
126.815 |
99.315 |
47.201 |
|
(b) Trade payables |
85.538 |
114.781 |
111.780 |
|
(c) Other current liabilities |
11.360 |
18.179 |
15.165 |
|
(d) Short-term provisions |
0.842 |
11.843 |
26.994 |
|
Total
Current Liabilities (4) |
224.555 |
244.118 |
201.140 |
|
|
|
|
|
|
TOTAL |
666.976 |
656.097 |
567.712 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
81.166 |
73.559 |
65.600 |
|
(ii) Intangible Assets |
0.736 |
0.489 |
1.081 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(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) |
19.439 |
20.107 |
10.101 |
|
(d) Long-term Loan and Advances |
10.232 |
10.166 |
8.925 |
|
(e) Other Non-current assets |
5.705 |
0.000 |
7.181 |
|
Total
Non-Current Assets |
117.278 |
104.321 |
92.888 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
165.498 |
197.219 |
162.858 |
|
(c) Trade receivables |
359.213 |
332.414 |
287.056 |
|
(d) Cash and cash equivalents |
12.733 |
7.207 |
5.680 |
|
(e) Short-term loans and
advances |
10.273 |
12.949 |
18.576 |
|
(f) Other current assets |
1.981 |
1.987 |
0.654 |
|
Total
Current Assets |
549.698 |
551.776 |
474.824 |
|
|
|
|
|
|
TOTAL |
666.976 |
656.097 |
567.712 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Revenue from operations |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL
(A) |
940.048 |
976.126 |
928.551 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
(B) |
868.628 |
880.827 |
808.973 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
71.420 |
95.299 |
119.578 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
11.192 |
13.959 |
8.619 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
60.228 |
81.340 |
110.959 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
9.988 |
11.577 |
11.529 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
50.240 |
69.763 |
99.430 |
|
|
|
|
|
|
|
Less |
TAX
(H) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H)
(I) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
1.415 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Traded goods |
169.521 |
183.031 |
168.122 |
|
|
Capital Goods |
1.312 |
4.638 |
2.033 |
|
|
TOTAL
IMPORTS |
170.833 |
187.669 |
170.155 |
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
940.000 |
|
|
|
|
|
Expected Sales (2014-2015): Rs. 1000.000 Millions
The above information has been parted by Mr. Anil Chahal
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.76 |
10.97 |
17.83 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.17 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.29 |
0.24 |
0.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.45 |
2.27 |
2.37 |
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 |
48.000 |
48.000 |
48.000 |
|
Reserves & Surplus |
318.184 |
363.381 |
394.421 |
|
Net
worth |
366.184 |
411.381 |
442.421 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
47.201 |
99.315 |
126.815 |
|
Total
borrowings |
47.201 |
99.315 |
126.815 |
|
Debt/Equity
ratio |
0.129 |
0.241 |
0.287 |
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) |
|
Total Income |
928.551 |
976.126 |
940.048 |
|
|
|
5.124 |
(3.696) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Total Income |
928.551 |
976.126 |
940.048 |
|
Profit Before Tax |
99.430 |
69.763 |
50.240 |
|
|
10.71% |
7.15% |
5.34% |
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 four years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
80020851 |
18/02/2013 * |
92,500,000.00 |
CANARA BANK |
NEAR POWER HOUSE, DELHI ROAD, ROHTAK, HARYANA - 124001, INDIA |
B69213205 |
|
2 |
80020852 |
22/07/2009 * |
57,500,000.00 |
CANARA BANK |
193 CIVIL LINES, ROHTAK, HARYANA - 124001, INDIA |
A67693960 |
* Date of charge modification
OPERATIONS
During this year sales are on the slightly lower side as compared to the previous year. The company has lived up to the expectations and achieved a turnover of Rs. 940.048 millions in comparison of Rs.976.126 millions of the previous year. Results of this year are the outcome of the efforts put in by the entire team of LPS Bossard Private Limited.
Being the 15th year of the operation, the Company is on the right path wherein they have a wide range of customers of different segments. This customer base will be the key to the success in the time coming ahead. Also they have added new varieties in their stock to cater the requirements of the customers. During the year the company has recorded a profit of Rs. 50.240 millions in comparison of Rs. 69.763 millions in the previous year. They hope to achieve good results in the time coming ahead.
FIXED ASSETS
- Computers
- Furniture and
Fittings
- Leasehold
Improvements
- Office
Equipments
- Warehouse
Racks
- Vehicles
- Computer
Software
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. 61.25 |
|
|
1 |
Rs. 103.02 |
|
Euro |
1 |
Rs. 81.90 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.