MIRA INFORM REPORT
|
Report Date : |
22.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
SELLOWRAP INDUSTRIES PRIVATE LIMITED [w.e.f.16.02.2011] |
|
|
|
|
Formerly Known
As : |
SELLOWRAP MANUFACTURING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
208, Plot No. C-5, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
06.04.2004 |
|
|
|
|
Com. Reg. No.: |
11-145548 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 94.903 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25202MH2004PTC145548 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS42856C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICS1972L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Automobile and White Goods Components. |
|
|
|
|
No. of Employees
: |
160 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The rating is constrained on account of company’s moderate financial
risk profile and loss that company has incurred from its operational
activities during 2014. However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealings with some
caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
NOT AVAILABLE
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. Ashok Kumar |
|
Designation : |
Assistant Accounts Manager |
|
Contact No.: |
91-124-4015973 |
|
Date : |
19.12.2014 |
LOCATIONS
|
Registered/ Corporate Office : |
208, Plot No. C-5, Abhishek Building, Dalia Estate, New Link Road,
Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Tel. No.: |
91-22-66750560/ 67076268 |
|
Fax No.: |
91-22-66750561 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Plot No. 54, Sector 18, Maruti Industrial Estate, Gurgaon –
122015, |
|
Tel. No.: |
91-124-4015973/ 4015974/ 2340660/ 2340661 |
|
Fax No.: |
91-124-4015975 |
|
|
|
|
Factory 2 : |
Plot No. D-57 and 58, MIDC Industrial Estate, Ranjangaon Industrial Area, Taluka Shirur, District Pune – 412220, Maharashtra, India |
|
Tel. No.: |
91-2138-660766/ 67 |
|
Fax No.: |
91-2138-670124 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Saurabh Poddar |
|
Designation : |
Managing director |
|
Address : |
A-501, Fairyland CHS Limited, Plot No. 9A, 10th Road, Juhu,
Vile Parle [West], Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
28.12.1973 |
|
Date of Appointment : |
24.05.2005 |
|
PAN No.: |
AFGPP1534F |
|
DIN No.: |
00032858 |
|
|
|
|
Name : |
Mr. Sushil Kumar Poddar |
|
Designation : |
Director |
|
Address : |
F-704, Somvihar Apartment, R.K. Puram, New Delhi – 110022, India |
|
Date of Birth/Age : |
01.01.1947 |
|
Date of Appointment : |
06.04.2004 |
|
PAN No.: |
AFYPP8572R |
|
DIN No.: |
00149285 |
KEY EXECUTIVES
|
Name : |
Mr. Ashok Kumar |
|
Designation : |
Assistant Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Sushil Kumar Poddar |
|
2009600 |
|
Saurabh Poddar |
|
1555200 |
|
Meena Poddar |
|
342500 |
|
Pooja Poddar |
|
995000 |
|
S.K. Poddar and Sons HUF |
|
191000 |
|
Saurabh Marketing Private Limited, India |
|
2477000 |
|
Anupama Bajoria |
|
320000 |
|
Aparna Polyflex Private Limited, India |
|
75000 |
|
Gujarat Metallic Coal and Coke Limited, India |
|
810000 |
|
Kaizen Organics Private Limited, India |
|
200000 |
|
Aditya Rungta HUF |
|
10 |
|
Shyamsunder Rungta HUF |
|
10 |
|
Arvind Coir Foam Private Limited, India |
|
250000 |
|
Arvind International Limited, India |
|
265000 |
|
|
|
|
|
Total |
|
9490320 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
42.96 |
|
Directors
or relatives of directors |
53.67 |
|
Other
top fifty shareholders |
3.37 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Automobile and White Goods Components. |
||||||||
|
|
|
||||||||
|
Products/ Services : |
|
||||||||
|
|
|
||||||||
|
Brand Names : |
-- |
||||||||
|
|
|
||||||||
|
Agencies Held : |
-- |
||||||||
|
|
|
||||||||
|
Exports : |
|
||||||||
|
Products : |
Automobile and White Goods Components |
||||||||
|
Countries : |
· UK Spain |
||||||||
|
|
|
||||||||
|
Imports : |
|
||||||||
|
Products : |
Raw Material |
||||||||
|
Countries : |
· Dubai Korea China |
||||||||
|
|
|
||||||||
|
Terms : |
|
||||||||
|
Selling : |
Cash and Advance Payment |
||||||||
|
|
|
||||||||
|
Purchasing : |
Cash and Advance Payment |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers and Retailers
|
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
160 (Approximately) |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Small Industries Development Bank of India Mittal Court A Wing, 2nd Floor, Nariman Point, Mumbai - 400021, Maharashtra, India · ICICI Bank Limited Dhanlaxmi Bank Barclays Bank HDFC Bank Limited |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
CC = Rs. 145.000 Millions [From Bank of India]
|
||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institutions : |
· Kotak Mahindra Prime Limited India Bulls Financial Services Limited Bajaj Finance Limited Tata Capital Limited ECL Finance Limited Magma Fincorp Limited |
|
|
|
|
Auditors : |
|
|
Name : |
Khurdia Jain and Company Chartered Accountants |
|
Address : |
C-1, 309, Bharateeya Kala, Om Nagar, Sahar Pipeline Road,
Andheri (East), Mumbai - 400099, Maharashtra, India |
|
Tel. No.: |
91-22-28220907 |
|
Fax No.: |
91-22-28226348 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAEFK1739J |
|
|
|
|
Associate : |
Sellowrap EPP India Private Limited [U24130MH2005PTC155220] |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 160.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9,490,320 |
Equity Shares |
Rs. 10/- each |
Rs. 94.903 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 |
94.903 |
94.903 |
94.903 |
|
(b) Reserves & Surplus |
63.477 |
109.967 |
107.814 |
|
(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) |
158.380 |
204.870 |
202.717 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
94.114 |
115.727 |
91.965 |
|
(b) Deferred tax liabilities (Net) |
1.327 |
1.327 |
1.333 |
|
(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) |
95.441 |
117.054 |
93.298 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
109.140 |
88.157 |
92.786 |
|
(b)
Trade payables |
73.693 |
47.947 |
60.689 |
|
(c)
Other current liabilities |
65.472 |
47.887 |
43.679 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
248.305 |
183.991 |
197.154 |
|
|
|
|
|
|
TOTAL |
502.126 |
505.915 |
493.169 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible
assets |
195.598 |
206.592 |
215.599 |
|
(ii)
Intangible Assets |
0.799 |
1.331 |
0.457 |
|
(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 |
72.676 |
72.663 |
72.649 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
5.177 |
4.960 |
3.485 |
|
(e) Other
Non-current assets |
0.084 |
0.528 |
1.056 |
|
Total Non-Current
Assets |
274.334 |
286.074 |
293.246 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
42.030 |
58.039 |
53.515 |
|
(c)
Trade receivables |
138.936 |
140.531 |
124.628 |
|
(d) Cash
and cash equivalents |
11.164 |
2.926 |
5.921 |
|
(e)
Short-term loans and advances |
35.218 |
17.817 |
15.331 |
|
(f)
Other current assets |
0.444 |
0.528 |
0.528 |
|
Total
Current Assets |
227.792 |
219.841 |
199.923 |
|
|
|
|
|
|
TOTAL |
502.126 |
505.915 |
493.169 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
454.231 |
484.126 |
418.076 |
|
|
|
Other Income |
3.487 |
2.723 |
4.487 |
|
|
|
TOTAL |
457.718 |
486.849 |
422.563 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(46.489) |
2.152 |
2.241 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(4.90) |
0.23 |
0.24 |
|
NOTE:
Director Report contains errors with the PAT Amount, so we are considering
the amount mentioned in the schedule of Reserve and Surplus for the year 2014.
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(10.23) |
0.44 |
0.54 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.28 |
1.00 |
0.91 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.92 |
1.19 |
1.01 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
94.903 |
94.903 |
94.903 |
|
Reserves & Surplus |
107.814 |
109.967 |
63.477 |
|
Net
worth |
202.717 |
204.870 |
158.380 |
|
|
|
|
|
|
Long-term borrowings |
91.965 |
115.727 |
94.114 |
|
Short term borrowings |
92.786 |
88.157 |
109.140 |
|
Total
borrowings |
184.751 |
203.884 |
203.254 |
|
Debt/Equity ratio |
0.911 |
0.995 |
1.283 |
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 |
418.076 |
484.126 |
454.231 |
|
|
|
15.799 |
(6.175) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
418.076 |
484.126 |
454.231 |
|
Profit/ (Loss) |
2.241 |
2.152 |
(46.489) |
|
|
0.54% |
0.44% |
(10.23%) |
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
CURRENT MATURITIES
OF LONG TERM DEBT: NOT AVAILABLE
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10342445 |
21/03/2012 |
5,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
11-13, ATLANTA
BUILDING, 209, VINAY K.SHAH MARG, NARIMAN POINT, MUMBAI, MAHARASHTRA -
400021, INDIA |
B35123512 |
|
2 |
10274873 |
27/06/2011 * |
2,500,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
MITTAL COURT A
WING, 2ND FLR, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B17372293 |
|
3 |
10243927 |
24/09/2010 |
27,400,000.00 |
BANK OF INDIA |
JUHU BRANCH, PLOT
NO. 6-B, NEHRU NAGAR A, JUHU TARA ROAD, MUMBAI, MAHARASHTRA - 400049, INDIA |
A96288261 |
|
4 |
10247523 |
23/09/2010 |
7,500,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
11-13 ATLANTA,
NARIMAN POINT, 209 V.K. SHAH MARG, |
A95112207 |
|
5 |
10193377 |
23/12/2009 |
3,500,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
11-13 ATLANTA,
NARIMAN POINT, 209 VK SHAH MARG, MUMBAI, MAHARASHTRA - 400021, INDIA |
A75542001 |
|
6 |
10185585 |
17/03/2010 * |
55,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
11-13 ATLANTA,
NARIMAN POINT, 209 VK SHAH MARG, MUMBAI, MAHARASHTRA - 400021, INDIA |
A81042202 |
|
7 |
10174812 |
17/07/2009 |
5,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
11-13 ATLANTA,
NARIMAN POINT, 209 VK SHAH MARG,, MUMBAI, MAHARASHTRA - 400021, INDIA |
A69283786 |
|
8 |
10049430 |
17/06/2013 * |
91,000,000.00 |
BANK OF INDIA |
JUHU BRANCH, 53
NEHRU NAGAR "A", JUHU-TARA ROAD, |
B79301883 |
|
9 |
80028060 |
25/02/2012 * |
15,000,000.00 |
BANK OF INDIA |
JUHU BRANCH, 53
NEHRU NAGAR, JUHU-TARA ROAD, JUHU, MUMBAI, MAHARASHTRA - 400049, INDIA |
B35380138 |
|
10 |
80028061 |
17/06/2013 * |
75,000,000.00 |
BANK OF INDIA |
JUHU BRANCH, 53
NEHRU NAGAR "A", JUHU-TARA ROAD, |
B79301495 |
|
11 |
80039909 |
20/12/2013 * |
102,400,000.00 |
BANK OF INDIA |
JUHU BRANCH, PLOT
NO. 6-B, NEHRU NAGAR A, JUHU TARA ROAD, MUMBAI, MAHARASHTRA - 400049, INDIA |
B93834851 |
|
12 |
80051229 |
20/04/2005 |
27,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BNAK OF INDIA |
SIDBI TOWER,15,
, ASHOK MARG, LUCKNOW, UTTAR PRADESH - 226001, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Rupee term loans from banks |
0.897 |
0.000 |
|
Loans repayable on demand |
0.000 |
4.141 |
|
Intercorporate borrowings |
45.907 |
33.857 |
|
Loans and advances from related parties |
3.094 |
12.370 |
|
SHORT TERM BORROWINGS |
|
|
|
Term loans from banks |
3.243 |
3.408 |
|
Rupee term loans from others |
6.555 |
4.710 |
|
|
|
|
|
Total |
59.696 |
58.486 |
FIXED ASSETS:
· Land
Buildings
Plant
and equipment
Factory
equipments
Other
plant and equipment
Furniture
and fixtures
Vehicles
Motor
vehicles
Office
equipment
Computer
equipments
Other
equipments
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. 63.07 |
|
|
1 |
Rs. 98.73 |
|
Euro |
1 |
Rs. 77.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.