MIRA INFORM REPORT
|
Report Date : |
05.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
GOLDY PRECISION STAMPINGS PRIVATE LIMITED (w.e.f 10.08.2003) |
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Formerly Known
As : |
GOLDY PRESS TOOLS PRIVATE LIMITED |
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Registered
Office : |
Manisha Bunglow, Savarkarnagar, Gangapur Road, Nashik – 422013, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
03.04.1991 |
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Com. Reg. No.: |
11-061022 |
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Capital
Investment / Paid-up Capital : |
Rs.6.002 Millions |
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CIN No.: [Company Identification
No.] |
U34100MH1991PTC061022 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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PAN No.: [Permanent Account No.] |
Not Divulged |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacture of High Quality Precision Stampings for O.E.M. in Automotive,
Aerospace, Electrical and Industrial Industry. |
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No. of Employees
: |
135 (Approximately) |
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 |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a satisfactory track record.
Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. The company can be considered normal 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
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central Bureau
of Investigation arrested Manumeethi Cholan after he accepted Rs 10 lakhs as
bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs could
number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL, SME |
|
Rating |
SE1A |
|
Rating Explanation |
High Financial Strength and Highest Performance Capability |
|
Date |
June 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. Rahul Sarangdhar |
|
Designation : |
Account Executive |
|
Contact No.: |
91-253-6696074 |
|
Date : |
04.12.2014 |
LOCATIONS
|
Registered Office : |
Manish Bunglow, Savarkar Nagar, Gangapur Road, Nashik – 422013, Maharashtra,
India |
|
Tel. No.: |
91-253-6604785/ 6696074/ 2350885/ 6604885 |
|
Mobile No.: |
91-9225815039 (Mr. Mangesh Chaudhary) |
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Fax No.: |
91-253-2351412 |
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E-Mail : |
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Website: |
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Location : |
Owned |
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|
Factory : |
F84/ 85, MIDC, Satpur Estate, Nashik – 422007, |
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Tel. No.: |
91-253-6604785/ 6696074/ 2350885/ 6604885 |
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Fax No.: |
91-253-2351412 |
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E-Mail : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Mohan Ramkrishna Raikar |
|
Designation : |
Managing Director |
|
Address : |
Manisha Bungalow, Chintaman Colony, Savarkar Nagar, Gangapur Road,
Nashik – 422012, Maharashtra, India |
|
Date of Birth/Age : |
10.07.1943 |
|
Date of Appointment : |
03.04.1991 |
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DIN No.: |
00045601 |
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|
Name : |
Mrs. Manisha Mohan Raikar |
|
Designation : |
Director |
|
Address : |
Manisha Bungalow, Chintaman Colony, Savarkar Nagar, Gangapur Road,
Nashik – 422012, Maharashtra, India |
|
Date of Birth/Age : |
02.10.1947 |
|
Date of Appointment : |
03.04.1991 |
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DIN No.: |
01522565 |
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|
Name : |
Mr. Siddhesh Mohan Raikar |
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Designation : |
Director |
|
Address : |
Manisha Bungalow, Chintaman Colony, Savarkar Nagar, Gangapur Road,
Nashik – 422012, Maharashtra, India |
|
Date of Birth/Age : |
05.11.1976 |
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Date of Appointment : |
23.02.2000 |
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DIN No.: |
01681752 |
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Name : |
Mr. Jayesh Mohan Raikar |
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Designation : |
Director |
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Address : |
Manisha Bungalow, Chintaman Colony, Savarkar Nagar, Gangapur Road,
Nashik – 422012, Maharashtra, India |
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Date of Birth/Age : |
01.08.1979 |
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Date of Appointment : |
23.02.2000 |
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DIN No.: |
01522528 |
KEY EXECUTIVES
|
Name : |
Mr. Vijay Bhaykar |
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Designation : |
Sales and Finance Manager |
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Name : |
Mr. Mangesh Chaudhary |
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Designation : |
Work Manager |
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Name : |
Mr. Rahul Sarangdhar |
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Designation : |
Account Executive |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders (Equity Shares) |
No. of Shares |
|
Mohan Ramkrishna Raikar |
20010 |
|
Jayesh Mohan Raikar |
4000 |
|
Manisha Mohan Raikar |
1010 |
|
Siddhesh Mohan Raikar |
4000 |
|
Pooja Sidhesh Raikar |
500 |
|
Priyanka Jayesh Raikar |
500 |
|
Total |
30020 |
|
14 %
Non-Cumulative Redeemable Preference Shares |
No. of Shares |
|
Mohan Ramkrishna Raikar |
30000 |
|
Total |
30000 |
Equity Shares Break – up
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture of High Quality Precision Stampings for O.E.M. in Automotive,
Aerospace, Electrical and Industrial Industry. |
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Products : |
Not Divulged |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
·
USA ·
China ·
Thailand ·
Spain ·
Italy |
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
Sudan ·
France ·
Italy |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
Bhushan Steel Limited |
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Customers : |
Others Gabriel India Limited |
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No. of Employees : |
135 (Approximately) |
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Bankers : |
Small Industries Development Bank of India, Pingle Complex, 1st
Floor, Opposite Kulkarni Garden, Sharanpur Road, Nashik – 422002,
Maharashtra, India
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Facilities : |
SECURED
LOAN (Rs.
In Millions)
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Banking
Relations : |
--- |
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Auditors : |
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|
Name : |
Rajendra P Shah and Company Chartered Accountants |
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Address : |
6, Archit Enclave Kotwal Park, Near Swimming Pool, Trimbak Road,
Nashik – 422005, Maharashtra, India |
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Tel No.: |
91-253-2581651/ 2315737 |
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Fax No.: |
91-253-2315842 |
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Mobile No.: |
91-9422249670 |
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PAN No.: |
AMTPS4861N |
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Email : |
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Memberships : |
----- |
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Collaborators : |
----- |
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Enterprises / firm over which personnel referred of directors
exercises significant Influence: |
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CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35000 |
Equity Shares |
Rs. 100/- each |
Rs. 3.500 Millions |
|
30000 |
14 % Non-Cumulative Redeemable Preference Shares |
Rs. 100/- each |
Rs. 3.000 Millions |
|
|
Total |
|
Rs. 6.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30020 |
Equity Shares |
Rs. 100/-
each |
Rs. 3.002
Millions |
|
30000 |
14 % Non-Cumulative Redeemable Preference Shares |
Rs. 100/-
each |
Rs. 3.000
Millions |
|
|
Total |
|
Rs. 6.002 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
6.002 |
6.002 |
6.002 |
|
(b) Reserves & Surplus |
67.725 |
50.424 |
50.305 |
|
(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) |
73.727 |
56.426 |
56.307 |
|
|
|
|
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|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
15.521 |
16.581 |
23.497 |
|
(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 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
15.521 |
16.581 |
23.497 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
45.304 |
50.449 |
33.685 |
|
(b) Trade
payables |
35.230 |
37.359 |
16.503 |
|
(c) Other
current liabilities |
21.469 |
25.119 |
20.620 |
|
(d) Short-term
provisions |
13.837 |
13.431 |
14.326 |
|
Total Current
Liabilities (4) |
115.840 |
126.358 |
85.134 |
|
|
|
|
|
|
TOTAL |
205.088 |
199.365 |
164.938 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
76.097 |
64.516 |
58.306 |
|
(ii)
Intangible Assets |
0.422 |
0.380 |
0.352 |
|
(iii) Capital
work-in-progress |
0.224 |
0.129 |
0.138 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.080 |
0.080 |
2.565 |
|
(c) Deferred tax assets (net) |
0.579 |
0.783 |
0.681 |
|
(d) Long-term Loan and Advances |
3.022 |
4.739 |
0.868 |
|
(e) Other
Non-current assets |
0.070 |
2.140 |
2.000 |
|
Total Non-Current
Assets |
80.494 |
72.767 |
64.910 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
47.975 |
47.772 |
28.145 |
|
(c) Trade
receivables |
62.700 |
62.520 |
56.746 |
|
(d) Cash
and cash equivalents |
0.693 |
1.883 |
0.739 |
|
(e)
Short-term loans and advances |
10.801 |
12.055 |
14.263 |
|
(f) Other
current assets |
2.425 |
2.368 |
0.135 |
|
Total
Current Assets |
124.594 |
126.598 |
100.028 |
|
|
|
|
|
|
TOTAL |
205.088 |
199.365 |
164.938 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
263.167 |
224.298 |
228.226 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
236.679 |
203.057 |
197.082 |
|
|
|
|
|
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|
|
|
PROFIT BEFORE
TAX |
26.488 |
21.241 |
31.144 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
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|
|
PROFIT AFTER TAX
|
NA |
NA |
NA |
|
Expected Sales (2014-15) : Rs. 400.000 Millions
The above information has been parted by Mr. Rahul Sarangdhar (Account
Executive).
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.97 |
10.71 |
19.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.36 |
0.38 |
0.55 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.83 |
1.19 |
1.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.08 |
1.00 |
1.17 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
6.002 |
6.002 |
6.002 |
|
Reserves & Surplus |
50.305 |
50.424 |
67.725 |
|
Net
worth |
56.307 |
56.426 |
73.727 |
|
|
|
|
|
|
long-term borrowings |
23.497 |
16.581 |
15.521 |
|
Short term borrowings |
33.685 |
50.449 |
45.304 |
|
Total
borrowings |
57.182 |
67.030 |
60.825 |
|
Debt/Equity
ratio |
1.016 |
1.188 |
0.825 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
228.226 |
224.298 |
263.167 |
|
|
|
-1.721 |
17.329 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITY
OF LONG TERM DEBT = 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 |
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 |
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 |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loans from Financial Institute / Bank |
1.926 |
3.648 |
|
Deferred Sales Tax Loan |
0.390 |
0.699 |
|
|
|
|
|
SHORT TERM
BORROWING |
|
|
|
Loans from directors / Family Members repayable on demand |
17.201 |
22.148 |
|
Loans from Financials Institutions / Bank |
2.922 |
0.000 |
|
Total |
22.439 |
26.495 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10423939 |
23/04/2013 |
12,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
PINGLE COMPLEX,
1ST FLOOR, OPP. KULKARNI GARDEN, |
B74497892 |
|
2 |
10397226 |
11/01/2013 |
6,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
PINGLE COMPLEX,
1ST FLOOR, OPP. KULKARNI GARDEN, |
B65972127 |
|
3 |
10345172 |
29/03/2012 |
6,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
PINGLE COMPLEX,
1ST FLOOR, OPP. KULKARNI GARDEN, |
B36135366 |
|
4 |
10288549 |
03/06/2011 |
3,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
FIRST FLOOR,
PINGLE COMPLEX, OPP. KULKARNI GARDEN |
B13602834 |
|
5 |
10275402 |
29/03/2011 |
2,800,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
FIRST FLOOR,
PINGLE COMPLEX, OPP. KULKARNI GARDEN |
B09020207 |
|
6 |
10295151 |
14/06/2010 |
6,050,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
PINGLE COMPLEX,
1ST FLOOR, OPP. KULKARNI GARDEN, |
A89745699 |
|
7 |
10187469 |
05/11/2009 |
975,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
PINGLE COMPLEX, 1ST
FLOOR , OPP. KULKARNI GARDEN |
A73784217 |
|
8 |
10154005 |
27/02/2009 |
2,300,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
PINGLE COMPLEX.
1ST FLOOR, OPP KULKARNI GARDEN, |
A60419538 |
|
9 |
10063850 |
24/03/2008 * |
42,000,000.00 |
CITIBANK N. A. |
CITIGROUP CENTRE
COMPLEX BANDRA KURLA COMPLEX, G |
A35030022 |
|
10 |
10051645 |
15/02/2012 * |
25,000,000.00 |
CITIBANK N. A. |
TRENT HOUSE, 2ND
FLOOR, G BLOCK, PLOT NO.C60, BANDRA KURLA COMPLEX, BANDRA (E), MUMBAI,
MAHARASHTRA |
B67260612 |
|
11 |
10051647 |
20/04/2007 |
7,000,000.00 |
CITIBANK N.A. |
RUSHIRAJ
PRESIDENCY, OPP BHOSALA MILITARY SCHOOL, |
A15253800 |
|
12 |
10052259 |
20/04/2007 |
16,000,000.00 |
CITIBANK N. A. |
RUSHIRAJ
PRESIDENCY, OPP BHOSALA MILITARY SCHOOL, |
A15253990 |
|
13 |
10104776 |
22/01/2007 |
45,200,000.00 |
CANARA BANK |
7, MIDC, SATPUR,
NASHIK-422007, NASHIK, MAHARASHTRA - 422007, INDIA |
A10279321 |
* Date of charge modification
FIXED ASSETS
- Land and Building
- Furniture and Fixture
- Office Equipments
- Plant and Equipments
- Computers Fact Tools and Equipments
- Vehicles
- Solar Heater
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. 61.87 |
|
|
1 |
Rs. 97.01 |
|
Euro |
1 |
Rs. 76.12 |
INFORMATION DETAILS
|
Information Gathered
by : |
HET |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
ASH |
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 |
YES |
|
--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.