MIRA
INFORM REPORT
|
Report Date : |
07.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
COLUMBIA PETRO CHEM PRIVATE LIMITED |
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Registered
Office : |
D-101, Triveni, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
03.12.1987 |
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Com. Reg. No.: |
11- 045493 |
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Capital
Investment / Paid-up Capital : |
Rs. 10.000 Millions |
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CIN No.: [Company Identification
No.] |
U99999MH1987PTC045493 |
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PAN No.: [Permanent Account No.] |
AAACC4865C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Petroleum Specialty Products. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (46) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 3000000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a part of Universal- Halwasiya
Group. It is an established company having satisfactory track record. General financial position of the company is good. Trade relations are reported as fair. Business is active. Payments are
reported to be usually. The company can be considered normal for business dealing 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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
NEWS
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a
quarter of a century. The data was below an official estimate of 4.9 % annual
growth and compared with 4.5 % in the last fiscal year. However, the current
account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic
product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A sharp fall in gold imports due to restrictions on
overseas purchases and muted import of capital goods helped shrink the current
account deficit.
Online retailer Flipkart
has acquired fashion portal Myntra as it prepares to
battle with the rapidly expanding India arm of the global e-commerce giant
Amazon. The company raised $ 210 million from Russian Investment firm DST
Global which has also invested in companies like Facebook,
Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune
in the second half of 2014. GM was one of the few global carmakers that was
using its India plant only for the domestic market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward Brown. Google’s brand value shot up 40 % in a year
to $ 158.84 billion. The top 10 of the 100 slots were dominated by US
companies.
Infosys lost another heavy weight when B G Srinivas,
a board member put in his papers. He is the third CEO-hopeful to quit after
Chairman N R Narayana Murthy’s return to the company
– Ashok Vemuri and V Balakrishnan being the other two.While
Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted biggest
quarterly loss – Rs 2153.37 crore
– in the three months ended March 31, mainly because it has been offering
discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala
Police had arrested Pinckney and two company directors on charges of financial
irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies.
China’s action which targets consultancies like McKinsey & Co. and the
Boston Consulting Group, sterns from fears that the first are providing trade
secrets to the US governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy AstraZeneca for nearly $ 118 billion after the latter
refused an offer of 55 pounds a share.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
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Rating |
Fund Based Unit = BBB [Suspended] |
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Rating Explanation |
Moderate degree of safety. It carry moderate credit risk. |
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Date |
May 16, 2014 |
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Rating Agency Name |
ICRA |
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Rating |
Non Fund Based Unit = A3+ [Suspended] |
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Rating Explanation |
Moderate degree of safety. It carry higher credit risk. |
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Date |
May 16, 2014 |
Reason for Suspension : Inability to carry out rating in the absence of
the requisite information from the 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.
LOCATIONS
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Registered Office / Head Office : |
D-101, Triveni, 32nd Road, Near
National College, Bandra (West), Mumbai – 400050, Maharashtra, India |
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Tel. No.: |
91--22-26462313 / 2915 / 3032 |
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Fax No.: |
91--22-26460760 |
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E-Mail : |
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Website : |
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Corporate Office : |
P-34, India Exchange Place, Kolkata –
700001, West Bengal, India |
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Tel. No.: |
91--33-22253807/8/9 |
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Fax No.: |
91--33-22253080 |
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Sales Office : |
Located At ·
Bangalore ·
Chennai ·
Hyderabad ·
Indore ·
Jaipur ·
Kolkata ·
Delhi ·
Baroda |
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Refineries Taloja
: |
Plot No J-14, MIDC, Taloja – 410208,
District Raigad, Maharashtra,
India |
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Tel. No.: |
91-22-27410816/2735 |
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Fax No.: |
91-22-27410276 |
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Refineries Silvassa : |
Survey No. 144/1/1, Plot No.12,13 and 14, Athal
Silvassa, Silvassa –
396230, Dadra Nagar Haveli, Union Territory, India |
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Tel. No.: |
91-260-2632793/2645643 |
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Fax No.: |
91-260-2632792 |
DIRECTORS
AS ON 25.09.2013
|
Name : |
Mr. Kuldeep Halwasiya |
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Designation : |
Director |
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Address : |
D-101, Triveni, 32nd Road, Bandra (West), Mumbai – 400050, Maharashtra,
India |
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Date of Birth/Age : |
24.10.1963 |
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Date of Appointment : |
03.12.1987 |
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AASPH8312G |
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DIN No.: |
00284972 |
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Other
Directorship :
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Name : |
Mr. Rajdeep Halwasiya |
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Designation : |
Director |
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Address : |
Niharika Flat 701, 17/1C, Alipore
Road, Kolkata – 700001, West Bengal, India |
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Date of Birth/Age : |
22.12.1968 |
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Date of Appointment : |
03.12.1987 |
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AAOPH1694M |
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DIN No.: |
01726698 |
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MAJOR SHAREHOLDERS
AS ON 25.09.2013
|
Names of Shareholders |
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No. of Shares |
|
Kuldeep Madanmohan Halwasiya |
|
80500 |
|
Pradeep Madanmohan Halwasiya |
|
19500 |
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Total |
|
100000 |
AS ON 25.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Petroleum Specialty Products. |
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Products : |
· Rubber to Metal Bonding Agents - Megum and Thixon · Rubber Chemicals, Pre-dispersed Chemical Masterbatches - Ekaland, Vultac and Mixland · Rubber to Metal Bonding Agent - Polyloc · Chemicals for Speciality Polymers - Ofalub and Vulcofac · Castable Polyurethanes - Adiprene and Vibrathane · Polymeric Plasticizers - Thiokol · Millable Polyurethane Rubbers - Millathane · Ready to Use Rubber Compounds - Polymix · White Oils · Transformer Oils ·
Liquid Paraffins |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
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Bankers : |
·
Allahabad Bank, Industrial Finance Branch,
Allahabad Bank Building, 2nd Floor, 37, Mumbai Samachar
Marg, Fort, Mumbai
- 400023, Maharashtra, India ·
Citi Bank N.A., Citi
Business Citi Bank Center, 2nd Floor, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra
India |
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Facilities : |
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Banking
Relations : |
---- |
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Auditors : |
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Name : |
S.D. Sonawane and Company Chartered Accountants |
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Address : |
4/417, Vanraicolony, Western Express
Highway, Goregaon (East), Mumbai – 400065, Maharashtra India |
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PAN No.: |
AAYFS3545G |
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Associate : |
·
Hari Om Bulk
Carriers Private Limited CIN No.: U63000DN2004PTC000293 ·
Universal Petro-Chemicals
Limited CIN No.: U63090WB1971PLC027993 |
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Others : |
·
Adar Hotels Private Limited CIN No.: U55200MH1983PTC031178 ·
Columbia Overseas Resources Pte.
Limited |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs. 10.000 Millions |
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|
|
|
|
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 |
10.000 |
10.000 |
10.000 |
|
(b) Reserves & Surplus |
716.769 |
660.789 |
703.600 |
|
(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) |
726.769 |
670.789 |
713.600 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
39.500 |
81.338 |
48.900 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.899 |
1.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
4.602 |
2.870 |
3.000 |
|
Total
Non-current Liabilities (3) |
44.102 |
85.107 |
52.900 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
109.234 |
343.420 |
462.100 |
|
(b) Trade payables |
3,816.752 |
6,175.440 |
2,827.500 |
|
(c) Other current liabilities |
5.763 |
3,785.239 |
6.900 |
|
(d) Short-term provisions |
74.236 |
103.030 |
130.400 |
|
Total
Current Liabilities (4) |
4,005.985 |
10,407.129 |
3,426.900 |
|
|
|
|
|
|
TOTAL |
4,776.856 |
11,163.025 |
4,193.400 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
201.364 |
217.003 |
172.840 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
150.050 |
153.516 |
45.700 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
92.600 |
416.045 |
249.100 |
|
(c) Deferred tax assets (net) |
1.752 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
27.866 |
29.127 |
23.800 |
|
(e) Other Non-current assets |
36.090 |
318.858 |
318.800 |
|
Total
Non-Current Assets |
509.722 |
1,134.549 |
810.240 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
2.762 |
0.000 |
0.000 |
|
(b) Inventories |
623.492 |
604.536 |
729.600 |
|
(c) Trade receivables |
2,453.471 |
5,597.871 |
1,146.500 |
|
(d) Cash and cash equivalents |
821.370 |
3,466.308 |
1,115.160 |
|
(e) Short-term loans and
advances |
366.039 |
331.978 |
387.300 |
|
(f) Other current assets |
0.000 |
27.783 |
4.600 |
|
Total
Current Assets |
4,267.134 |
10,028.476 |
3,383.160 |
|
|
|
|
|
|
TOTAL |
4,776.856 |
11,163.025 |
4,193.400 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Revenue from operations |
9,600.600 |
12,456.600 |
6,095.690 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
88.500 |
(18.500) |
296.300 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
31.200 |
28.000 |
25.300 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
57.300 |
(46.500) |
271.000 |
|
|
|
|
|
|
|
Less |
TAX |
5.900 |
(0.100) |
64.400 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
51.400 |
(46.400) |
206.600 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
583.300 |
626.100 |
452.500 |
|
|
|
|
|
|
|
Add |
Excess/(Short)
provisions for Income Tax written back |
5.100 |
4.500 |
-0.700 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
20.600 |
|
|
Proposed/Interim Dividend & Dist. Tax |
0.900 |
0.900 |
11.700 |
|
|
Total
|
0.900 |
0.900 |
32.300 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
638.900 |
583.300 |
626.100 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
9,336.451 |
7,875.808 |
NA |
|
|
TOTAL
EARNINGS |
9,336.451 |
7,875.808 |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
514.00 |
(464.00) |
2066.00 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PBT/Sales) |
(%) |
0.60 |
(0.37) |
4.45 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
1.26 |
(0.44) |
6.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
(0.07) |
0.380 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.21 |
0.63 |
0.72 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.07 |
0.96 |
0.99 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
703.600 |
660.789 |
716.769 |
|
Net
worth |
713.600 |
670.789 |
726.769 |
|
|
|
|
|
|
long-term borrowings |
48.900 |
81.338 |
39.500 |
|
Short term borrowings |
462.100 |
343.420 |
109.234 |
|
Total
borrowings |
511.000 |
424.758 |
148.734 |
|
Debt/Equity
ratio |
0.716 |
0.633 |
0.205 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Revenue from operations |
6,095.690 |
12,456.600 |
9,600.600 |
|
|
|
104.351 |
(22.928) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Revenue from operations |
6,095.690 |
12,456.600 |
9,600.600 |
|
Profit/(Loss) After Tax |
206.600 |
(46.400) |
51.400 |
|
|
3.39% |
(0.37%) |
0.54% |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
OPERATIONS
During the year
Company has achieved total Turnover of Rs. 9600.600
Millions as against Rs. 12456.600 Million for
previous year. The reduction in turnover is due to discontinue of the merchant
trade during the current year.
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs. in Millions) |
31.03.2012 (Rs. in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
39.500 |
67.000 |
|
|
|
|
|
Total |
39.500 |
67.000 |
CONTINGENT LIABILITIES AND CONTINGENT ASSETS
Contingent
liabilities: Bank guarantee of Rs. 4.472 Millions.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
ADDRESS |
Service Request
Number (SRN) |
|
1 |
10435749 |
05/06/2013 |
4,450,000,000.00 |
ALLBANK FINANCE LIMITED |
ALLAHABAD BANK
BUILDING, 2ND FLOOR , 37, MUMBAI |
B79152849 |
|
2 |
10435728 |
24/05/2013 |
4,450,000,000.00 |
ALLBANK FINANCE LIMITED |
ALLAHABAD BANK
BUILDING, 2ND FLOOR , 37, MUMBAI |
B79142691 |
|
3 |
10273174 |
22/02/2012 * |
4,265,000,000.00 |
ALLAHABAD BANK |
INDUSTRIAL
FINANCE BRANCH, ALLAHABAD BANK BUILDING |
B38275665 |
|
4 |
10225896 |
03/06/2010 |
200,000,000.00 |
Axis Bank Limited |
CREDIT
MANAGEMENT CENTRE, 4/10, OPG HOUSE, ASAF A |
A88088158 |
|
5 |
10204294 |
12/01/2010 |
100,000,000.00 |
ALLAHABAD BANK |
INDUSTRIAL
FINANCE BRANCH, ALLAHABAD BANK BUILDING |
A80128960 |
|
6 |
10013179 |
31/07/2006 * |
135,000,000.00 |
CITI BANK N.A. |
CITIBUSINESS,
CITIBANK CENTRE,, 2ND FLOOR, BANDRA |
A01821172 |
|
7 |
80010923 |
19/03/2009 * |
1,850,000,000.00 |
ALLAHABAD BANK |
INDUSTRIAL
FINANCE BRANCH, ALLAHABAD BANK BUILDING |
A61892949 |
|
8 |
80010925 |
21/02/2012 * |
3,450,000,000.00 |
ALLAHABAD BANK |
INDUSTRIAL
FINANCE BRANCH, ALLAHABAD BANK BUILDING |
B38276085 |
* Date of charge modification
FIXED ASSETS
·
Lease Hold Land
·
Free Hold Land
·
Factory Roads, Shed and
Building
·
Office Flats
·
Equipment / Plant
·
Plant and Machinery
·
Office Furniture
·
Vehicles
·
Computer
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service, Interpol,
etc.
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.59.79 |
|
UK Pound |
1 |
Rs.102.66 |
|
Euro |
1 |
Rs.81.32 |
INFORMATION DETAILS
|
Information Gathered
by : |
HTL |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
46 |
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.