|
Report Date : |
03.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
ELMACH PACKAGES (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
410, Hill View Industrial Estate, Off. L.B.S. Marg, Ghatkopar
(West), Mumbai – 400086, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
07.12.1988 |
|
|
|
|
Com. Reg. No.: |
11-049939 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.936 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28129MH1988PTC049939 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM19852A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACEO940Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Blister Packing, Cartoning Stickpack Machine and
Blister Feeders. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 477700 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company appears to be strong. Performance
capacity appears to be high. Trade relations are reported to be fair.
Business is active. Payments are reported to be regular and as per
commitments. The company can be considered for normal 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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
The services sector, the largest contributor to India’s GDP, contracted
for the sixth consecutive month in December, as orders dipped. However, hiring
has risen. Direct tax collections rose 12.3 % during the April – December
period of the current financial year. The government has decided to
retain 100 per cent foreign direct investment in both greenfield (new) and
brown field (existing) pharmaceutical companies, despite concerns over genetic
drugs going out of production, if multi-national companies take over domestic
ones. In M&A deals, a non compete clause would not be allowed, except in
special circumstances. The Department of Industrial Policy and Promotion plans
to release the next edition of its consolidated foreign direct investment
policy document on March 31, incorporating changes made in the past year. DIPP
compiles all policies related to India’s FDI regime into a single document to
make it easy for investors to understand. 185 million estimated number of
mobile internet users in India by June 2014, according to a report by the
Internet & Mobile Association of India and IMRB International. India
had 110 million mobile internet users with 25 million in rural areas. $3.77 tn
estimated global IT spending in 2014, according to research firm Gartner Inc.
The growth forecast for this year is cut to 3.1 %from the earlier estimate of
3.5 %. The spending growth forecast for telecom services – a segment that accounts
for more than 40 % at total IT spending – from 1.9 per cent to 1.2 per cent is
the main reason for this overall IT cut. A Reserve Bank of India committee has
recommended setting up a special category of lenders who would cater to small
businesses and households, to expand the number of customers with access to
banking services. These banks would focus onproviding payment services and
deposit products. Indian banks want the free use of automated teller
machines to be capped at five transactions in a month including that of the
bank in which the account is active. This follows state government order to
banks to install security guards at ATM booths after a woman banker was
assaulted in Bangalore. The government is likely to present a vote on Account
in mid-February. The annual Economic Survey will be tabled later in Parliament
along with the full Budget. A full Budget for 2014/15 is likely to be present
in July by the new government formed after the General Election. The government
will soon launch an internet spy system, called Netra, to detect malafide
messages. Security agency will deploy the system to capture dubious voice
traffic on applications such as Skype and Google Talk, as well as tweeters.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.
LOCATIONS
|
Registered / Corporative Office
: |
410, Hill View Industrial Estate, Off. L.B.S. Marg,
Ghatkopar (West), Mumbai – 400086, Maharashtra, India |
|
Tel. No.: |
91-22-2500 8007 / 2500 8071 / 2500 7217 / 2500 6658 / 2500 6041 / 2500
6046 |
|
Fax No.: |
91-22-2500 8684 / 2500 8910 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
B/1 EL, Shree Rajlaxmi
Textile and Industrial Park, Near Chavindra Ocroi, Pogaon, Bhowandi Dist
Thane – 421302, Maharashtra, India |
|
Tel. No.: |
91-2522-304250/ 1/ 2/ 3/
4/ 5/ 6/ 7 |
|
Fax No.: |
91-2522-340258 |
|
|
|
|
SALES AND SERVICE : |
|
|
Ahmedabad Office : |
Prasad Palace, 74, Nehru
Park, Vastrapur, Ahmedabad – 380015,
Gujarat, India |
|
Tel. No.: |
91-79-26603939/ 26468033 |
|
|
|
|
|
No. 907, 9th Floor, Brigade Towers, 135, Brigade Road,
Bangalore – 560025, Karnataka, India |
|
Tel. No.: |
91-80-22236218 / 2236219 |
|
|
|
|
|
ED-55, Tagore Garden, New Delhi – 110027, India |
|
Tel. No.: |
91-11-25460255 |
|
Fax No.: |
91-11-25462134 |
|
|
|
|
Chennai Office : |
Block D, Basement Floor, Baid Mehta Complex, 183, Mount Road,
Saidapet, Chennai – 600015, Tamilnadu, India |
|
Tel. No.: |
91-44-22200005 / 6 |
|
Fax No.: |
91-44-22355657 |
|
|
|
|
|
401, Everest Block, (C Wing), Aditya Enclave, Opposite Sarathi Studio,
Ameerpet, Hyderabad – 500038, Andhra Pradesh, India |
|
Tel. No.: |
91-40-23745098 / 23736535 |
|
|
|
|
Kolkata Office : |
C/O Overceas Computer and Business Center, Office No. 206, 63, Rafi Ahmed Kidwai Road,
Kolkata- 700016, West Bengal, India |
|
Tel. No.: |
91-33-30229576 |
DIRECTORS
As on 25.09.2013
|
Name : |
Mr. Sukumaran Puthiyapurayil |
|
Designation : |
Director |
|
Address : |
Flat 401, 4th Floor, Plot No. 349, Silvanto Central Avenue
Road, Near OLPS Church, Chembur, Mumbai – 400071, Maharashtra, India |
|
Date of Birth/Age : |
17.01.1943 |
|
Date of Appointment : |
07.12.1988 |
|
DIN No.: |
00846698 |
|
|
|
|
Name : |
Mrs. Sulochana Sukumaran |
|
Designation : |
Director |
|
Address : |
Flat 401, 4th Floor, Plot No. 349, Silvanto Central Avenue Road,
Near OLPS Church, Chembur, Mumbai – 400071, Maharashtra, India |
|
Date of Birth/Age : |
28.03.1948 |
|
Date of Appointment : |
07.12.1988 |
|
DIN No.: |
00995936 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.09.2013
|
Names of Shareholders |
No. of Shares |
|
Sukumaran Puthiyapurayil |
11600 |
|
Sulochana Sukumaran |
7720 |
|
Premrajan K.K. |
20 |
|
Sudish Sukumaran |
20 |
|
|
|
|
Total |
19360 |
As on 25.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Blister Packing, Cartoning Stickpack Machine and
Blister Feeders. |
||||||||||
|
|
|
||||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
Canara Bank, Fort Market Branch, Padhyan House, Ferre Road, Mumbai –
400039, Maharashtra, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S.R. Ghedia and Company Chartered Accountants |
|
Address : |
B/202, Labh Ashish, Old Police Qtrs Lane, Andheri (East), Mumbai –
400069, Maharashtra, India |
|
Tel. No.: |
91-22-26827755/ 56 |
|
Fax No.: |
91-22-26827755 |
|
PAN
No. : |
AABPG5844R |
|
|
|
|
Related Parties : |
¨ Pharma Machinery Company India Private Limited ¨
Swapna Leather Works Private Limited ¨
Elmach Engineering Company ¨
Surabhi Engineering Works ¨
Anil Private Limited ¨
IGP Realtors Private Limited |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19360 |
Equity Shares |
Rs.100/- each |
Rs.1.936 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
1.936 |
1.936 |
1.936 |
|
(b) Reserves & Surplus |
117.509 |
107.726 |
98.868 |
|
(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) |
119.445 |
109.662 |
100.804 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
4.985 |
6.175 |
2.500 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
1.002 |
1.002 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
2.354 |
|
Total Non-current Liabilities (3) |
5.987 |
7.177 |
4.854 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
5.083 |
3.283 |
7.633 |
|
(b) Trade payables |
105.716 |
94.780 |
88.903 |
|
(c) Other current
liabilities |
33.088 |
25.938 |
33.422 |
|
(d) Short-term provisions |
7.886 |
6.751 |
6.638 |
|
Total Current Liabilities (4) |
151.773 |
130.752 |
136.596 |
|
|
|
|
|
|
TOTAL |
277.205 |
247.591 |
242.254 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
104.417 |
110.512 |
116.185 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
15.538 |
15.417 |
20.057 |
|
(c) Deferred tax assets (net) |
0.445 |
0.191 |
0.000 |
|
(d) Long-term Loan and Advances |
23.499 |
17.461 |
18.370 |
|
(e) Other Non-current assets |
22.432 |
20.618 |
18.884 |
|
Total Non-Current Assets |
166.331 |
164.199 |
173.496 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
63.428 |
48.618 |
41.921 |
|
(c) Trade receivables |
66.953 |
37.845 |
44.919 |
|
(d) Cash and cash
equivalents |
(25.126) |
(9.705) |
(25.132) |
|
(e) Short-term loans and
advances |
5.619 |
6.035 |
6.235 |
|
(f) Other current assets |
0.000 |
0.599 |
0.815 |
|
Total Current Assets |
110.874 |
83.392 |
68.758 |
|
|
|
|
|
|
TOTAL |
277.205 |
247.591 |
242.254 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operation (Gross) |
388.082 |
341.327 |
328.163 |
|
|
|
Other Income |
17.556 |
13.029 |
11.429 |
|
|
|
TOTAL (A) |
405.638 |
354.356 |
339.592 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
215.635 |
175.891 |
175.601 |
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
(17.297) |
(4.850) |
(6.625) |
|
|
|
Employee benefits expense |
57.216 |
49.174 |
43.461 |
|
|
|
Manufacturing Expenses |
72.565 |
60.568 |
60.153 |
|
|
|
Sales, Administrative and Other expenses |
45.286 |
39.568 |
34.861 |
|
|
|
TOTAL (B) |
373.405 |
320.351 |
307.451 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
32.233 |
34.005 |
32.141 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.128 |
2.190 |
1.280 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
31.105 |
31.815 |
30.861 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
16.345 |
17.868 |
11.862 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
14.760 |
13.947 |
18.999 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.977 |
5.089 |
5.716 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
9.783 |
8.858 |
13.283 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods on FOB basis |
95.144 |
63.060 |
33.332 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
4.649 |
2.996 |
3.548 |
|
|
|
Capital Goods |
0.000 |
0.000 |
3.679 |
|
|
TOTAL IMPORTS |
4.649 |
2.996 |
7.227 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
505.34 |
457.56 |
686.09 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.41
|
2.50 |
3.91 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.80
|
4.09 |
5.79 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.65
|
6.01 |
12.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.13 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.08
|
0.09 |
0.10 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.73
|
0.64 |
0.50 |
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 |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans from
related Parties |
|
|
|
P. P. Sukumaran- Canara Bank |
1.001 |
2.519 |
|
Elmach Engineering Company |
3.984 |
3.656 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Sulochana Sukumaran |
0.718 |
0.891 |
|
P. P. Sukumaran |
1.1920 |
0.927 |
|
Rashmi Sudish |
0.368 |
0.615 |
|
Sudish Sukumaran |
0.615 |
0.000 |
|
Sushija Sukumaran |
0.770 |
0.000 |
|
Surabhi Engg. Works |
0.543 |
0.244 |
|
|
|
|
|
Total |
9.191 |
8.852 |
NOTE:
LONG TERM
BORROWINGS
i.
Rate of Interest Charged by P. P. Sukumaran is @
11.75% p.a. on outstanding amount.
ii.
Rate of Interest Charged by Elmach Engg. Company Is
@ 12% p.a. on outstanding amount.
iii.
Loans from Related Parties is Payable on demand and
no personal guarantee is given by directors.
SHORT TERM
BORROWINGS
i.
Loans from Related Parties is Payable on demand and
no personal guarantee is given by directors.
ii.
Rate of Interest Charged by Sulochana Sukumaran is
@ 11.75% p.a. on outstanding amount.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification
|
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10308255 |
06/01/2011 |
2,200,000.00 |
Canara Bank |
Fort Market Branch, Padhyan House, Ferre Road, Mumbai, Maharashtra -
400001, INDIA |
B11716701 |
|
2 |
90225289 |
18/06/2007 * |
4,000,000.00 |
Canara Bank |
Fort Market Branch, Padhyan House, Frere Road, MUMBAI, Maharashtra -
400039, INDIA |
A19062769 |
* Date of charge modification
CORPORATE
INFORMATION
Business Activity/Operations
To Carry on
business of Manufacturing, producing, purchasing, selling, exporting, importing
and dealing in whether as commission agent or otherwise of Pharmaceutial
Packaging machines, special application machine, any other types of machines,
electrical and electrical item such as igniter. Stabiliser, transformer, EST
Emergency light and other allied items and the Engineering goods and their
spare parts components
Place(s) of
business:
(a) Registered Office
and Factory Address.:
1.
410, Hill View Industrial Estate, Off. L.B.S. Marg,
Ghatkopar (West),Mumbai-400086, Maharashtra, India
2.
Shree Rajlaxmi Textile Park Private Limited, Unit
No. B/1, (EL), Village Pogaon, Taluka - Bhiwandi, District - Thane-421302,
Maharashtra, India
(b) Marketing
Offices:
i.
401, Everest Block,Aditya
Enclave,Ameerpet,Hyderabad-500038, Andhra Pradesh, India
ii.
C/o Overseas Computer and Business Center (Private)
Limited, Room No.206,63 Rafi Ahmed Kidwai Road, Kolkata-700016, West Bengal,
India
iii.
907, 9th Floor, Brigade Tower, 135
Brigade Road,Bangalore-560025, Karnataka, India
iv.
Block "D" Basement Floor
FIXED ASSETS
¨
Land
¨
Building
¨
Plant and Machinery
¨
Office Equipments
¨
Furniture and Fixtures
¨
Computer
¨
Motor car
¨
Commercial Vehicle
¨
Motor Cycle
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.62.48 |
|
|
1 |
Rs.102.95 |
|
Euro |
1 |
Rs.84.60 |
INFORMATION DETAILS
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
49 |
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.