|
Report Date : |
11.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
VIDHYA PHARMACHEM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
01 Basement, Dattani
Trade Centre, Chandawarkar, Borivali [West], Mumbai – 400092, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
11.08.1999 |
|
|
|
|
Com. Reg. No.: |
11-121241 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 65.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1999PTC121241 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMV11071E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACV8599A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Exporter of Pharmaceutical Bulk Drugs and Food Products. |
|
|
|
|
No. of Employees
: |
35 (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 |
|
Maximum Credit Limit : |
USD 950000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Management of the company has failed to file its financials after 2011
with Government Department. Financials for the year 2011, 2012, 2013 are not available with us. Mr. Mukesh Jain, Director provided general information and also
informed that company has achieved turnover of 200 Crores in the year 2011-12
and 130 Crores in 2012-13, which is not verified. As per previous of 2010, profitability of the company appears to be
low. However, trade relations are reported to be fair. Business is active.
Payment terms are reported to be unknown. The company can be considered for business dealings with great
caution. |
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 worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under
control, said the agency. Ratings firm Crisil has forecast 6 % growth for
2014/15 up from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a one-fourth
share in total jobs created, according to a study by industry lobby group
Assochem, Banks, real estate, automobile and telecommunications sectors are
showing a rise of job creation. $ 805 mn investments by venture capital firms
in India during 2013, registering a drop of about 18 % over the previous year.
The Information Technology and IT-Enabled Services Industry retained its
status as the favourable venture capital investors in 2013. Pakistan has
temporarily banned gold imports for the second time in six months, as it tries
to stem smuggling into India. India’s import duty on gold is 10 % and curbs on
purchases have dried up legal imports into what used to be the world’s biggest
bullion buyers. The World Gold Council puts the amount smuggled into India at
upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed
bank deposits estimated to be about Rs 35000 mn be used for education and
awareness among depositors. According to the plan, deposits that have not
been claimed for at least 10 years will be transferred to the scheme.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term : BB (Suspended) |
|
Rating Explanation |
Inadequate credit quality and high credit
risk. |
|
Date |
September 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term : A4 (Suspended) |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
September 2013 |
Reason for suspension: Absence of requisite
information from company.
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.
INFORMATION PARTED BY
|
Name : |
Mr. Mukesh Jain |
|
Designation : |
Director |
|
Contact No.: |
91-9322255560 |
|
Date : |
08.02.2014 |
LOCATIONS
|
Registered Office : |
01 Basement,
Dattani Trade Centre, Chandawarkar, Borivali [West], Mumbai – 400092,
Maharashtra, India |
|
Tel. No.: |
91-22-28900950 |
|
Mobile No.: |
91-9322255560 (Mr. Mukesh Jain) |
|
Fax No.: |
91-22-28950902 |
|
E-Mail : |
|
|
Area : |
1500 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Warehouse : |
Manish Compound, Bhiwandi, Maharashtra, India |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Prakash Multanmal Shah |
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Designation : |
Director |
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|
Address : |
A/8, Ganga Jamuna, 4th Floor, LT Road, Borivali (West), Mumbai
– 400092, Maharashtra, India |
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Date of Birth/Age : |
24.11.1962 |
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Date of Appointment : |
11.08.1999 |
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DIN No.: |
01209190 |
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Other Directorship :
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|
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|
Name : |
Mr. Mukesh Balchand Jain |
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Designation : |
Director |
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|
Address : |
Room No.501, 5th Floor, Natasha Manor, Chandavarkar Road, Borivali
[West], Mumbai - 400092, Maharashtra, India
|
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Date of Birth/Age : |
09.10.1977 |
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Date of Appointment : |
01.04.2009 |
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DIN No.: |
02418715 |
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Other Directorship :
|
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|
Name : |
Mr. Suresh Khade |
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|
Designation : |
Director |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Usha Prakash Jain |
|
1950000 |
|
Prakash Multanmal Shah |
|
4550000 |
|
|
|
|
|
Total |
|
6500000 |
AS ON 30.09.2011
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Exporter of Pharmaceutical Bulk Drugs and Food Products. |
|
|
|
|
Exports : |
|
|
Products : |
Pharmaceutical Bulk Drugs and Food Products |
|
Countries : |
· Dubai Nigeria |
|
|
|
|
Imports : |
|
|
Products : |
Pharmaceutical Raw Material |
|
Countries : |
· China |
|
|
|
|
Terms : |
|
|
Selling : |
DA |
|
|
|
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Purchasing : |
DP and L/C |
GENERAL INFORMATION
|
Customers : |
End Users |
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|
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No. of Employees : |
35 (Approximately) |
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|
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Bankers : |
· Union Bank of India Borivali (West), Mumbai, Maharashtra, India · Bank Of Baroda Borivli (West) Branch, Jaya Talkies Compound, S. V. Road, Borivli
(West), Mumbai - 400092, Maharashtra, India · Oriental Bank Of Commerce Andheri Overseas Branch, Leela Galleria, 1st Floor, Andheri - Kurla Road, Sahar, Andheri (East), Mumbai - 400059, Maharashtra, India · HDFC Bank Limited Citi Bank ING Vysya Bank Kotak Mahindra Bank Axis Bank Limited |
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|
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institutions : |
· Bajaj Auto Finance Limited Global Trade Finance Limited Indiabulls Finance Ser Limited Reliance Capital Limited Religare Finvest Limited |
|
|
|
|
Auditors : |
|
|
Name : |
Mukesh M Choksi And Company Chartered Accountants |
|
Address : |
Block H, Hari Sadashiv CHS, 6th Road Santacruz [East], Mumbai –
400055, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAACC7767J |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6,500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 65.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
65.000 |
65.000 |
36.200 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
173.311 |
161.387 |
3.072 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.00 |
|
|
NETWORTH |
238.311 |
226.387 |
39.272 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
361.385 |
299.333 |
368.170 |
|
|
2] Unsecured Loans |
61.376 |
85.385 |
1.532 |
|
|
TOTAL BORROWING |
422.761 |
384.718 |
369.702 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
661.072 |
611.105 |
408.974 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
136.212 |
90.379 |
42.279 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.051 |
0.001 |
0.001 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
79.482
|
58.997 |
109.367 |
|
|
Sundry Debtors |
551.515
|
668.781 |
483.780 |
|
|
Cash & Bank Balances |
2.071
|
2.376 |
1.577 |
|
|
Other Current Assets |
19.056
|
8.843 |
13.872 |
|
|
Loans & Advances |
10.692
|
13.615 |
32.530 |
|
Total
Current Assets |
662.816
|
752.612 |
641.126 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
135.778
|
226.714 |
274.488 |
|
|
Other Current Liabilities |
1.051
|
4.001 |
0.000 |
|
|
Provisions |
1.232
|
1.232 |
0.010 |
|
Total
Current Liabilities |
138.061
|
231.947 |
274.498 |
|
|
Net Current Assets |
524.755
|
520.665 |
366.628 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.054 |
0.060 |
0.066 |
|
|
|
|
|
|
|
|
TOTAL |
661.072 |
611.105 |
408.974 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
1905.451 |
2082.013 |
1435.823 |
|
|
|
Other Income |
4.987 |
4.118 |
15.860 |
|
|
|
TOTAL |
1910.438 |
2086.131 |
1451.683 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase less returns |
1821.156 |
1902.691 |
1392.567 |
|
|
|
Administrative and Other Expenses |
97.436 |
120.206 |
135.389 |
|
|
|
Increase in stock |
(20.484) |
50.370 |
(84.047) |
|
|
|
TOTAL |
1898.108 |
2073.267 |
1443.909 |
|
|
|
|
|
|
|
|
|
PROFIT FOR THE
YEAR |
12.330 |
12.864 |
7.774 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.90 |
3.42 |
2.15 |
|
|
Particulars |
|
31.03.2013 |
31.03.2012 |
|
Sales Turnover (Approximately) |
|
1300.000 |
2000.000 |
|
|
|
|
|
The above information has been parted by Mr. Mukesh Jain (Director)
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.65
|
0.62 |
0.54 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.65
|
0.62 |
0.54 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.54
|
1.53 |
1.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.06 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.77
|
1.70 |
9.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.80
|
3.24 |
2.34 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
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 |
No |
|
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 |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10374393 |
16/08/2012 |
20,000,000.00 |
BANK OF BARODA |
BORIVLI (WEST) BRANCH,
JAYA TALKIES COMPOUND, S. V. ROAD, BORIVLI (WEST), MUMBAI - 400092,
MAHARASHTRA, INDIA |
B57229387 |
|
2 |
10299263 |
17/06/2011 |
100,000,000.00 |
SBI GLOBAL
FACTORS LIMITED |
6TH FLOOR, METROPOLITAN
BUILDING, BANDRA-KURLA, COMPLEX, BANDRA(EAST), MUMBAI – 400051, MAHARASHTRA,
INDIA |
B17698200 |
|
3 |
10297392 |
08/06/2011 |
203,000,000.00 |
ORIENTAL BANK OF
COMMERCE |
ANDHERI OVERSEAS
BRANCH, LEELA GALLERIA, 1ST FLOOR, ANDHERI - KURLA ROAD, SAHAR, ANDHERI (E),
MUMBAI - 400059, MAHARASHTRA, INDIA |
B16921538 |
|
4 |
10288898 |
01/06/2011 |
10,000,000.00 |
S. E.
INVESTMENTS LIMITED |
S-547IIND FLOOR MAIN
ROAD, SHAKAR PUR, NEW DELHI - 110092, INDIA |
B13741400 |
|
5 |
10244739 |
20/08/2010 |
100,000,000.00 |
AXIS BANK
LIMITED |
CREDIT
MANAGEMENT CENTRE, UNIT NO.6, CORPORATE PARK, SION TROMBAY ROAD, CHEMBUR,
MUMBAI - 400071, MAHARASHTRA, INDIA |
A96309505 |
|
6 |
10237570 |
18/08/2010 |
13,000,000.00 |
S. E.
INVESTMENTS LIMITED |
S-547IIND FLOOR
MAIN ROAD, SHAKAR PUR, NEW DELHI - 110092, INDIA |
A93295996 |
|
7 |
10239747 |
20/07/2010 |
100,000,000.00 |
AXIS BANK
LIMITED |
CREDIT MANAGEMENT
CENTRE, UNIT NO.6, CORPORATE PARK, SION TROMBAY ROAD, CHEMBUR, MUMBAI -
400071, MAHARASHTRA, INDIA |
A94138054 |
|
8 |
10232503 |
06/07/2010 |
70,000,000.00 |
UNION BANK OF
INDIA |
BORIVLI (WEST)
BRANCH, 258, VED BUNGALOW, S. V. |
A90621491 |
|
9 |
10197629 |
12/12/2009 |
20,000,000.00 |
BANK OF BARODA |
BORIVLI (WEST)
BRANCH, JAYA TALKIES COMPOUND, S. V. ROAD, BORIVLI (WEST), MUMBAI - 400092,
MAHARASHTRA, INDIA |
A77404770 |
|
10 |
10084730 |
12/07/2010 * |
245,000,000.00 |
UNION BANK OF
INDIA |
BORIVLI (WEST)
BRANCH, 258, VED BUNGALOW, S. V. |
A90621475 |
|
11 |
10084731 |
06/07/2010 * |
245,000,000.00 |
UNION BANK OF
INDIA |
BORIVLI (WEST)
BRANCH, 258, VED BUNGALOW, S. V. |
A90621608 |
|
12 |
10084734 |
31/12/2007 |
25,000,000.00 |
UNION BANK OF
INDIA |
BORIVLI (WEST) BRANCH,
258, VED BUNGALOW, S. V. |
A30621445 |
|
13 |
10039011 |
05/02/2007 |
122,500,000.00 |
UNION BANK OF
INDIA |
BORIVLI (WEST)
BRANCH, 258, VED BUNGALOW, S. V. |
A11304821 |
|
14 |
10074536 |
27/04/2010 * |
295,000,000.00 |
BANK OF BARODA |
BORIVLI (WEST)
BRANCH, JAYA TALKIES COMPOUND, S. V. ROAD, BORIVLI (WEST), MUMBAI - 400092,
MAHARASHTRA, INDIA |
A86843083 |
|
15 |
10097571 |
23/02/2012 * |
310,000,000.00 |
BANK OF BARODA |
BORIVLI (WEST)
BRANCH, JAYA TALKIES COMPOUND, S. V. ROAD, BORIVLI (WEST), MUMBAI - 400092,
MAHARASHTRA, INDIA |
B35017649 |
|
16 |
80001347 |
29/03/2006 * |
7,000,000.00 |
BANK OF BARODA |
BORIVLI (WEST) BRANCH,
JAYA TALKIES COMPOUND, S. V. ROAD, BORIVLI (WEST), MUMBAI - 400092,
MAHARASHTRA, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2010 (Rs.
In Millions) |
31.03.2009 (Rs.
In Millions) |
|
P M Shah |
0.000 |
0.000 |
|
U P Shah |
0.075 |
0.000 |
|
Bajaj Auto Finance Limited |
2.251 |
1.866 |
|
Global Trade Finance Limited |
28.641 |
71.145 |
|
Indiabulls Finance Ser Limited |
1.009 |
1.604 |
|
Future Money |
0.512 |
0.822 |
|
Reliance Capital Limited |
1.450 |
2.373 |
|
Religare Finvest Limited |
4.017 |
0.000 |
|
Others |
21.740 |
7.575 |
|
Citi Bank |
0.511 |
0.000 |
|
ING Vysya Bank |
0.682 |
0.000 |
|
Kotak Mahindra Bank |
0.488 |
0.000 |
|
|
|
|
|
Total |
61.376 |
85.385 |
FIXED ASSETS:
· Fax Machine
Godown
Furniture
and Fixture
Computer
Fridge
Flat
Office
Shop
Factory
Vehicles
Television
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 records 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. 62.19 |
|
|
1 |
Rs. 102.14 |
|
Euro |
1 |
Rs. 84.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
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 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
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.