MIRA
INFORM REPORT
|
Report Date : |
09.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
SUPER AUTO FORGE PRIVATE LIMITED (w.e.f. 04.01.2011) |
|
|
|
|
Formerly Known
As : |
SUPER AUTO FORGE LIMITED |
|
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|
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Registered
Office : |
TS-82/2, |
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|
Country : |
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|
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Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
23.12.1974 |
|
|
|
|
Com. Reg. No.: |
18-006818 |
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|
|
Capital Investment
/ Paid-up Capital : |
Rs. 19.527 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U35920TN1974PTC006818 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHES01066C |
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|
|
PAN No.: [Permanent Account No.] |
AABCS0459B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Cold Forged Components. |
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|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
A (68) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 8160000 |
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|
|
|
Status : |
Good |
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|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having fine track record. Financial positon of the company seems to be sound. Trade relations are fair. Business is active. Payment terms are
reported to be regular and as per commitment. The company can be considered good 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.
ECGC Country Risk Classification List – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term – Fund based facilities: AA- |
|
Rating Explanation |
Have high degree of safety and carry very low credit risk. |
|
Date |
March 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term – Fund based facilities: A1+ |
|
Rating Explanation |
Have very strong degree of safety and carry lowest credit risk. |
|
Date |
March 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 DECLINED BY
|
Name : |
Mr. Natrajan |
|
Designation : |
A G M in Finance |
|
Contact No.: |
91-44-71353600 |
|
Date : |
02.12.2014 |
LOCATIONS
|
Registered Office : |
TS-82/2, |
|
Tel. No.: |
91-44-22252546/ 22252544/ 22252545/ 22252548 |
|
Fax No.: |
91-11-22252547 |
|
E-Mail : |
|
|
Website: |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Seetharaman Sankaranarayanan |
|
Designation : |
Managing director |
|
Address : |
E-56B, 19th |
|
Date of Birth/Age : |
13.05.1945 |
|
Date of Appointment : |
23.12.1974 |
|
PAN No.: |
AIQPS9548B |
|
DIN No.: |
00039422 |
|
|
|
|
Name : |
Mr. Ravishankar Seetharaman |
|
Designation : |
Whole-time director |
|
Address : |
E-56B, 19th Cross Street, Besant Nagar, Chennai – 600090,
Tamilnadu, India |
|
Date of Birth/Age : |
17.07.1972 |
|
Date of Appointment : |
26.08.2003 |
|
PAN No.: |
ADAPR1672G |
|
DIN No.: |
00039434 |
|
|
|
|
Name : |
Mr. Murali Shankar Sambasivam |
|
Designation : |
Whole-time director |
|
Address : |
72, RK Shanhugansalai, KK Nagar, Chennai – 600078, Tamilnadu, India |
|
Date of Birth/Age : |
02.10.1960 |
|
Date of Appointment : |
26.08.2003 |
|
PAN No.: |
AFUPM3450K |
|
DIN No.: |
00039452 |
|
|
|
|
Name : |
Mr. Ramakrishna Vasudevan |
|
Designation : |
Whole-time director |
|
Address : |
22/S19, 35th Cross Street, Besant Nagar, Chennai – 600090,
Tamilnadu, India |
|
Date of Birth/Age : |
03.03.1967 |
|
Date of Appointment : |
21.12.2006 |
|
PAN No.: |
AAEPR7340C |
|
DIN No.: |
00039471 |
|
|
|
|
Name : |
Mr. Sankaranarayanan Vasudevan |
|
Designation : |
Director |
|
Address : |
4, New Beach Road, Thiruvalluvar Nagar, Thiruvanmiyur, Chennai – 600041,
Tamilnadu, India |
|
Date of Birth/Age : |
08.10.1934 |
|
Date of Appointment : |
30.09.1999 |
|
PAN No.: |
AABPV9508K |
|
DIN No.: |
00043546 |
KEY EXECUTIVES
|
Name : |
Mr. Natrajan |
|
Designation : |
A G M in Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
S. Seetharaman |
205947 |
11.21 |
|
S. Kalyani |
280101 |
15.25 |
|
S. Ravishankar |
283601 |
15.44 |
|
S. Ramya |
93500 |
5.09 |
|
S. Subadhra |
93501 |
5.09 |
|
S. Vasudevan |
86110 |
4.69 |
|
V. Kalyani |
85200 |
4.64 |
|
Ramesh Kaushik |
59343 |
3.23 |
|
Karan Kaushik |
59243 |
3.23 |
|
Sidharth Kaushik |
59243 |
3.23 |
|
V. Ramakrishna |
177800 |
9.68 |
|
V. Saroja |
46300 |
2.52 |
|
Subha Barry |
30450 |
1.66 |
|
Mahalakshmi Ramakrishna |
100 |
0.01 |
|
Jayalakshmi Krishnamurthy |
100810 |
5.49 |
|
S. Muralishankar |
78201 |
4.26 |
|
Nirmala Muralishankar |
24000 |
1.31 |
|
K. Deepa |
24000 |
1.31 |
|
Somiya Krishnamurthy |
24000 |
1.31 |
|
V. Baskar |
100 |
0.01 |
|
Microturns Represented by S. Kalyani
- Proprietor |
25000 |
1.36 |
|
Total |
1836550 |
100 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
98.64 |
|
Others |
1.36 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Cold Forged Components. |
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|
|
|
Exports : |
Not Divulged |
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|
|
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS:
NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· Indian Overseas Bank, C7ic branch; 98A;Dr. Radhakrishnan Salai, Mylapore, Chennai - 600004, Tamil Nadu, India Citi Bank N.A., Ground Floor, Club House Road, Chennai -
600002, Tamil Nadu, India HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg,
Lower Parel West, Mumbai - 400013, Maharashtra, India |
||||||||
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
K Ramkrish and Company Chartered Accountants |
|
Address : |
New No 19 (Old No 9-A), Bagavantham Street, T Nagar, Tamilnadu, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFK4539R |
|
|
|
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Subsidiary
companies: |
Super Auto Forge Inc, United States Super Auto Forge Limited, United States |
|
|
|
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Associate: |
Arya Super Auto Forge, Russian Federation |
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|
|
|
Enterprises
which are owned, or have significant influence of or are partners with Key
management personnel and
their relatives |
· Microturns, India Sivaramakrishna Forgings |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 40.000 Millions |
|
|
|
|
|
Issued and Subscribed Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,952,720 |
Equity Shares |
Rs.10/- each |
Rs. 19.527 Millions |
|
|
|
|
|
Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,836,550 |
Equity Shares |
Rs.10/- each |
Rs. 18.366 Millions |
|
|
|
|
|
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 40.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,952,720 |
Equity Shares |
Rs.10/- each |
Rs. 19.527 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 |
19.527 |
19.527 |
19.527 |
|
(b) Reserves & Surplus |
2837.021 |
2543.397 |
2406.239 |
|
(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) |
2856.548 |
2562.924 |
2425.766 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
204.306 |
205.773 |
139.298 |
|
(c) Other long term liabilities |
134.373 |
0.000 |
0.000 |
|
(d) long-term provisions |
4.720 |
2.883 |
2.274 |
|
Total Non-current Liabilities (3) |
343.399 |
208.656 |
141.572 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
69.713 |
30.546 |
0.000 |
|
(b) Trade payables |
187.252 |
166.952 |
191.624 |
|
(c) Other current
liabilities |
50.908 |
40.967 |
44.378 |
|
(d) Short-term provisions |
7.950 |
20.892 |
5.925 |
|
Total Current Liabilities (4) |
315.823 |
259.357 |
241.927 |
|
|
|
|
|
|
TOTAL |
3515.770 |
3030.937 |
2809.265 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1309.040 |
1146.269 |
1182.961 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
16.522 |
3.852 |
4.451 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
451.732 |
399.734 |
377.142 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
108.826 |
120.983 |
104.803 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1886.120 |
1670.838 |
1669.357 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
176.758 |
216.349 |
184.531 |
|
(c) Trade receivables |
1063.861 |
952.018 |
832.749 |
|
(d) Cash and cash
equivalents |
15.473 |
42.927 |
13.110 |
|
(e) Short-term loans and
advances |
373.558 |
148.805 |
109.518 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
1629.650 |
1360.099 |
1139.908 |
|
|
|
|
|
|
TOTAL |
3515.770 |
3030.937 |
2809.265 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
|
|
|
|
Income |
|
|
2372.940 |
|
|
|
Other Income |
|
|
NA |
|
|
|
TOTAL |
3163.386 |
2961.855 |
NA |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
|
2612.815 (Including
Financial Expenses and Depreciation) |
2520.367 (Including
Financial Expenses and Depreciation) |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
|
321.490 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES |
|
|
0.290 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
321.200 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
|
|
9.980 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
426.084 |
321.420 |
211.220 |
|
|
|
|
|
|
|
|
|
|
TAX |
121.032 |
161.480 |
47.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
305.052 |
159.940 |
163.420 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
2133.395 |
1871.523 |
1269.977 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
156.00 |
82.00 |
84.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
NA
|
NA |
6.89 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.98 |
12.23 |
8.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.13 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.02 |
0.01 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.16 |
5.24 |
4.71 |
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 |
19.527 |
19.527 |
19.527 |
|
Reserves & Surplus |
2406.239 |
2543.397 |
2837.021 |
|
Net
worth |
2425.766 |
2562.924 |
2856.548 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
30.546 |
69.713 |
|
Total
borrowings |
0.000 |
30.546 |
69.713 |
|
Debt/Equity
ratio |
0.000 |
0.012 |
0.024 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
2961.855 |
3163.386 |
|
|
|
6.804 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
2961.855 |
3163.386 |
|
Profit |
159.940 |
305.052 |
|
|
5.40% |
9.64% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10489960 |
22/04/2014 |
100,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
C03750817 |
|
2 |
10453733 |
27/03/2014 * |
850,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE , SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI, MAHARASHTRA - 400013, INDIA |
C20813218 |
|
3 |
10336124 |
12/07/2012 * |
860,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA |
B56894827 |
|
4 |
90301538 |
05/09/1983 |
260,000.00 |
INDIAN BANK |
GUINDY, MADRAS, TAMILNADU - 600032, INDIA |
- |
|
5 |
90303183 |
21/02/1983 |
950,000.00 |
THE TAMIL NADU INDUSTRIAL INVESTMENT CORP. LIMITED |
'ARUL MANAI" 27; WHITES ROAD, MADRAS, TAMILNADU - 600014, INDIA |
- |
|
6 |
90301514 |
02/09/1983 * |
600,000.00 |
INDIAN BANK |
GUINDY, MADRAS, TAMILNADU - 600032, INDIA |
- |
|
7 |
90299320 |
19/02/1982 |
9,000,000.00 |
INDIAN BANK |
GUINDY, MADRAS, TAMILNADU - 600032, INDIA |
- |
|
8 |
90301443 |
01/07/1983 * |
600,000.00 |
INDIAN BANK |
GUINDY, MADRAS, TAMILNADU - 600032, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
Short-term
borrowings |
|
|
|
Working capital loans from banks |
69.713 |
30.549 |
|
Total |
69.713 |
30.549 |
OPERATIONS
(1) During the Financial Year Ended 31st March 2013, the Company’s Turnover is Rs.3064.500 Millions as against Rs.2908.500 Millions in previous year.
(2) During the year non operating income for stood at Rs. 98.800 Millions as against Rs. 53.300 Millions in the previous year.
(3) The Operating Profit was Rs.426.000 Millions and the Profit After Tax was Rs. 305.000 Millions.
(4) During the year the company has made investments in the unit at Kolapakkam with an expansion in production capacity along with the introduction of modern technologies which is more environment friendly than the existing one and will result in greater economies of scale and reduction in cost and time incurred in the process of production.
FIXED ASSETS
· Land
Buildings
Plant
and Equipment
Furniture
and Fixtures
Vehicles
Computer
Equipments
Office
Equipment
Computer
Equipments
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.61.93 |
|
|
1 |
Rs.96.37 |
|
Euro |
1 |
Rs.76.10 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
68 |
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.