MIRA
INFORM REPORT
|
Report Date : |
18.01.2014 |
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Tel. No.: |
91-22-40279000 |
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Fax No.: |
91-22-25008356 |
IDENTIFICATION DETAILS
|
Name : |
LEO CHEMO PLAST PRIVATE LIMITED |
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Registered Office : |
B-126, Ghatkopar
Industrial Estate, L.B.S. Marg, Ghatkopar (West), Mumbai-400086, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of Incorporation : |
21.11.1994 |
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Com. Reg. No.: |
11-083143 |
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Capital Investment / Paid-up Capital : |
Rs.10.000 Millions |
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CIN No.: [Company
Identification No.] |
U24110MH1994PTC083143 |
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TAN No.: [Tax
Deduction and Collection Account No.] |
MUML02256C |
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PAN No.: [Permanent Account No.] |
AAACL0977C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Importer of Chemical Products. |
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No. of Employees : |
70 [Approximately] |
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RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. There
appears drastic dip in profit of the company during the financial year 2012. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing with some caution. NOTE: Latest
financial for the year 2013 is not available with us. |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very
High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India’s current account
deficit narrowed in the quarter ended September as government measures to curb
imports, especially gold, kicked in. The current account deficit, the
excess of a country’s imports of goods and services over exports, narrowed to $
5.2 billion from $ 21 billion in the year ago period, according to provisional
Reserve Bank of India data. Finance Minister P. Chidambaram said the CAD for
the year will be less than $ 60 billion or 3 per cent of GDP and the latest
data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million worth
of mobile-phone-based transactions by July 2013 compared to Rs.260 million in
September, 2012, according to Deloitte report. The number of transactions has
shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
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 [GENERAL DETAILS]
|
Name : |
Mr. Chirag |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-25008040 |
LOCATIONS
|
Registered Office : |
B-126, Ghatkopar
Industrial Estate, L.B.S. Marg, Ghatkopar (West), Mumbai-400086, |
|
Tel. No.: |
91-22-25008040 /
7941 / 7242 / 67969270 / 9271 / 9272 / 4027900 |
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Fax No.: |
91-22-25008356 |
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E-Mail : |
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Website : |
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Area : |
1700 sq. ft. |
|
Location : |
Owned |
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Warehouse 1 : |
Rehnal Village Taluka Bhiwandi, District Than A 8 To A 12 Mauje Compound, Mumbai 400 086, India |
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Warehouse 2 : |
A-11, Sadguru
Complex No. 1, Rehnal Village, Taluka – Bhiwandi, District Thane – 421305,
Maharashtra, India |
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|
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Branch Office 1 : |
Vyapar Bhavan,
Mumbai, |
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Area : |
10,000 sq. ft. |
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Location : |
Owned |
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Branch Office 2: |
Also Located At: ·
Vadodara |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Hitesh Chandulal Mehta |
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|
Designation : |
Director |
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|
Address : |
B-126, Ghatkopar Industrial Estate, L.B.S. Marg, Ghatkopar
(West), Mumbai– 400 086,
Maharashtra, India |
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|
Date of Birth/Age : |
14.08.1958 |
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Date of Appointment : |
21.11.1994 |
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Din No.: |
00228649 |
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Other Directorship :
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Name : |
Mr. Sudhir Chandulal Mehta |
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Designation : |
Director |
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|
Address : |
B-126, Ghatkopar Industrial Estate, L.B.S. Marg, Ghatkopar
(West), Mumbai – 400 086,
Maharashtra, India |
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|
Date of Birth/Age : |
16.01.1967 |
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Date of Appointment : |
21.11.1994 |
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Din No.: |
00228773 |
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Other Directorship :
|
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KEY EXECUTIVES
|
Name : |
Mr. Chirag |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sudhir Chandulal
Mehta |
|
496000 |
|
Hitesh Chandulal
Mehta |
|
496000 |
|
Chandulal
Jayantilal Mehta |
|
2000 |
|
Drushti Hitesh
Mehta |
|
1000 |
|
Sachi Hitesh
Mehta |
|
1000 |
|
Zeel Sudhir Mehta |
|
1000 |
|
Dhyey Sudhir
Mehta |
|
1000 |
|
Beena Hitesh
Mehta |
|
1000 |
|
Rupal Sudhir
Mehta |
|
1000 |
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|
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TOTAL
|
|
1000000 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importer of Chemical Products. |
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Imports : |
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Products : |
Finished Goods |
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Terms : |
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Selling : |
LC / Credit |
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Purchasing : |
LC / Credit |
GENERAL INFORMATION
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Customers : |
Others [Manufacturing Company] |
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No. of Employees : |
70 [Approximately] |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Rasiklal Shah and Associates Chartered Accountants |
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Address : |
412 Vypar Bhavan, 49 P D Mello Road, Mumbai – 400009, Maharashtra, India |
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Tel. No.: |
91-22-23485314 |
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Fax No.: |
91-22-23485313 |
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PAN No: |
AAAFR4168A |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
10.000 |
10.000 |
|
(b) Reserves & Surplus |
|
167.575 |
165.905 |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
|
177.575 |
175.905 |
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|
|
|
|
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(3) Non-Current Liabilities |
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|
|
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(a) long-term borrowings |
|
281.947 |
221.358 |
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(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
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Total Non-current Liabilities (3) |
|
281.947 |
221.358 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
288.047 |
297.950 |
|
(c) Other current
liabilities |
|
0.000 |
0.000 |
|
(d) Short-term provisions |
|
26.535 |
27.905 |
|
Total Current Liabilities (4) |
|
314.582 |
325.855 |
|
|
|
|
|
|
TOTAL |
|
774.104 |
723.118 |
|
|
|
|
|
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II. ASSETS |
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|
|
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(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
13.606 |
13.485 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.125 |
0.125 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
13.731 |
13.610 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
189.999 |
175.352 |
|
(c) Trade receivables |
|
487.683 |
451.965 |
|
(d) Cash and cash
equivalents |
|
20.300 |
20.919 |
|
(e) Short-term loans
and advances |
|
62.391 |
61.272 |
|
(f) Other current
assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
760.373 |
709.508 |
|
|
|
|
|
|
TOTAL |
|
774.104 |
723.118 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
10.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
137.782 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
147.782 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
104.238 |
|
|
2] Unsecured Loans |
|
|
99.513 |
|
|
TOTAL BORROWING |
|
|
203.751 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
351.533 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
15.464 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.125 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
195.787
|
|
|
Sundry Debtors |
|
|
439.938
|
|
|
Cash & Bank Balances |
|
|
14.094
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
43.110
|
|
Total
Current Assets |
|
|
692.929 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
319.850
|
|
|
Other Current Liabilities |
|
|
0.000
|
|
|
Provisions |
|
|
37.135
|
|
Total
Current Liabilities |
|
|
356.985 |
|
|
Net Current Assets |
|
|
335.944
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
351.533 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
1359.356 |
|
|
|
Other Income |
|
|
15.855 |
|
|
|
TOTAL (A) |
NA |
NA |
1375.211 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods
Sold |
|
|
1234.685 |
|
|
|
Administrative Expenses |
|
|
50.581 |
|
|
|
Selling Expenses |
|
|
43.787 |
|
|
|
TOTAL (B) |
NA |
NA |
1329.053 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
46.158 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
NA |
10.297 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
35.861 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
NA |
1.878 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX (E-F) (G) |
1.376 |
43.022 |
33.983 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.435 |
14.500 |
11.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) AFTER
TAX (G-H) (I) |
0.941 |
28.522 |
22.383 |
|
|
|
|
|
|
|
|
|
Less |
PROVISION FOR
EARLIER YEAR WRITTEN OFF |
0.000 |
0.000 |
0.000 |
|
|
Add |
EXCESS PROVISION |
0.746 |
0.053 |
0.000 |
|
|
Less |
SHORT PROVISION |
0.018 |
0.307 |
0.000 |
|
|
Less |
SHORT REFUND
RECEIVED |
0.000 |
0.145 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
165.905 |
137.782 |
115.398 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
167.574 |
165.905 |
137.781 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
NA |
2.338 |
4.981 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.94 |
28.52 |
22.38 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total
Income |
(%) |
NA
|
NA
|
1.63
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
2.50
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.17
|
5.95
|
4.80
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.24
|
0.23
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.59
|
1.26
|
1.38
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.42
|
2.18
|
1.94
|
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 one year |
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 |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth 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 |
INDEX OF CHARGES:
|
S. No. |
Charge
ID |
Date
of Charge Creation/Modification |
Charge
amount secured |
Charge
Holder |
Address |
Service
Request Number (SRN) |
|
1 |
10105557 |
23/04/2010
* |
150,000,000.00 |
THE
HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
52/60,
MAHATMA GANDHI ROAD, FORT, MUMBAI - 400001, MAHARASHTRA, INDIA |
A84594134 |
|
2 |
10085519 |
03/06/2010
* |
170,000,000.00 |
CITIBANK
N. A. |
TRENT
HOUSE, 2ND FLOOR, G BLOCK, PLOT NO.C60, BAN |
A87200770 |
|
3 |
10013078 |
07/11/2008
* |
260,000,000.00 |
ICICI
BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA |
A52992807 |
|
4 |
90240810 |
03/09/2001 |
5,000,000.00 |
MANDVI
CO-OP BANK LIMITED |
1ST
FLOOR; VYAPAR BHAVAN; CORNAC BUNDER BRANCH, 4 |
- |
|
5 |
90240730 |
24/10/2000 |
7,500,000.00 |
MANDVI
CO-OP BANK LIMITED |
1ST
FLOOR; VYAPAR BHAVAN; CORNAC BUNDER BRANCH, 49; P. D'MELLO ROAD, MUMBAI -
400009, MAHARASHTRA, |
- |
|
6 |
90240698 |
10/07/2000 |
8,500,000.00 |
MANDVI
CO-OP BANK LIMITED |
1ST
FLOOR; VYAPAR BHAVAN; CORNAC BUNDER BRANCH, 49; P. D'MELLO ROAD, MUMBAI -
400009, MAHARASHTRA, |
- |
|
7 |
90240554 |
16/03/1999 |
18,000,000.00 |
MANDVI
CO-OP BANK LIMITED |
1ST
FLOOR; VYAPAR BHAVAN; CORNAC BUNDER BRANCH, 49; P. D'MELLO ROAD, MUMBAI -
400009, MAHARASHTRA, |
- |
|
8 |
90240500 |
27/08/1998 |
500,000.00 |
MANDVI
CO-OP BANK LTD. |
1ST
FLOOR; VYAPAR BHAVAN; CORNAC BUNDER BRANCH, 49; P. D'MELLO ROAD, MUMBAI -
400009, MAHARASHTRA, |
- |
|
9 |
90240487 |
01/07/1998 |
500,000.00 |
MANDVI
CO-OP BANK LIMITED |
1ST
FLOOR; VYAPAR BHAVAN; CORNAC BUNDER BRANCH, 49; P. D'MELLO ROAD, MUMBAI -
400009, MAHARASHTRA, |
- |
|
10 |
90242187 |
13/05/1998 |
4,500,000.00 |
MANDVI
CO-OP BANK LIMITED |
1ST
FLOOR; VYAPAR BHAVAN; CORNAC BUNDER BRANCH, 49; P. D'MELLO ROAD, MUMBAI -
400009, MAHARASHTRA, |
- |
|
* Date of charge modification |
||||||
|
Unsecured Loan |
As
on 31.03.2012 [Rs.
in Millions] |
As
on 31.03.2011 [Rs.
in Millions] |
|
Long Term
Borrowings |
|
|
|
Loans and Advances From Related Parties and From Directors |
137.725 |
116.495 |
|
TOTAL
|
137.725 |
116.495 |
FIXED ASSETS:
·
Office Premises
·
Furniture and Fixtures
·
Telephone Instrument
·
Photo Copy Machine
·
Office Equipments
·
Godown
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.61.35 |
|
|
1 |
Rs.100.21 |
|
Euro |
1 |
Rs.83.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.