1. Summary Information
|
|
|
Country |
|
|
Company Name |
R. R. INNOVATIVE PRIVATE LIMITED |
Principal Name 1 |
Mr. Rajan Rajnikant Gadhia |
|
Status |
Moderate |
Principal Name 2 |
Mr. Mahesh Gadhia Rajnikant |
|
|
|
Registration # |
11-229370 |
|
Street Address |
B-10, Kanmoor House 281/283, Narsinatha Street, Mumbai – 400009,
Maharashtra |
||
|
Established Date |
10.04.2012 |
SIC Code |
-- |
|
Telephone# |
91-22-61207777 |
Business Style 1 |
Trader |
|
Fax # |
91-22-61207760/ 70 |
Business Style 2 |
Distributor |
|
Homepage |
Product Name 1 |
Chemicals |
|
|
# of employees |
50 (Approximately) |
Product Name 2 |
Fertilizers |
|
Paid up capital |
Rs. 50,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors – 100.00% |
Banking |
Standard
Chartered Bank |
|
Public Limited Corp. |
No |
Business Period |
2 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (28) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associate: |
India |
Vital Organics |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,359,040,000 |
Current Liabilities |
1,087,535,000 |
|
Inventories |
119,985,000 |
Long-term Liabilities |
403,626,000 |
|
Fixed Assets |
18,008,000 |
Other Liabilities |
0,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
1,491,161,000 |
|
Invest& other Assets |
57,188,000 |
Retained Earnings |
13,060,000 |
|
|
|
Net Worth |
63,060,000 |
|
Total Assets |
1,554,221,000 |
Total Liab. & Equity |
1,554,221,000 |
|
Total Assets (Previous Year) |
NA |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
5,550,000,000 (Approximately) |
Net Profit |
13,060,000 |
|
Sales(Previous yr) |
NA |
Net Profit(Prev.yr) |
NA |
MIRA
INFORM REPORT
|
Report Date : |
22.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
R. R. INNOVATIVE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-10, Kanmoor House 281/283, Narsi Natha Street, Mumbai – 400009,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
10.04.2012 |
|
|
|
|
Com. Reg. No.: |
11-229370 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 50.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24233MH2012PTC229370 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR29267A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCR7908A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Distributor of Chemicals and Fertilizers. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 250000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. Reserves of the company seems to be low. However, trade relations are reported as fair. Business is active.
Payment terms are slow but correct. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
N E W S
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.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Mahendra Panchal |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9833459787 |
|
Date : |
19.07.2014 |
LOCATIONS
|
Registered Office : |
B-10, Kanmoor House 281/283, Narsi Natha Street, Mumbai – 400009,
Maharashtra |
|
Tel. No.: |
91-22-61207777 |
|
Mobile No.: |
91-9833459787 (Mr. Mahendra Panchal) |
|
Fax No.: |
91-22-61207760/ 70 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Administrative and Marketing Office : |
B-9/10, Ground Floor, "Kanmoor House", 281/87, Narsi Natha Street,
Masjid Bunder (West), Mumbai - 400009, Maharashtra, India |
|
Tel. No.: |
91-22-61207777 |
|
Fax No.: |
91-22-61207760 / 70. |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
Office No.8-3-167/D/31, 2nd Floor,Venture-1, Near Central Bank of
India, Hyderabad - 500038, Andhra Pradesh, India |
|
Tel. No.: |
91-40-40123370/ 40153370 |
|
Fax No.: |
91-40-40023360 |
|
E-Mail : |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Rajan Rajnikant Gadhia |
|
Designation : |
Director |
|
Address : |
502, Wing A, CTS No. 1192, of Versova VLG, Andheri (West), Mumbai –
400061, Maharashtra, India |
|
Date of Birth/Age : |
15.10.1970 |
|
Date of Appointment : |
10.04.2012 |
|
PAN No.: |
AAXPG1966C |
|
DIN No.: |
05183460 |
|
|
|
|
Name : |
Mr. Mahesh Gadhia Rajnikant |
|
Designation : |
Director |
|
Address : |
405, 4th Floor, Shree Panchvati Co-operative Housing
Society Limited. Panch Marg, Versova, Off Yari Road, Andheri (West), Mumbai -
400061, Maharashtra, India |
|
Date of Birth/Age : |
06.09.1972 |
|
Date of Appointment : |
10.04.2012 |
|
PAN No.: |
AAAPG9102H |
|
DIN No.: |
05183464 |
|
|
|
|
Name : |
Mr. Anand Rajnikant Gadhia |
|
Designation : |
Director |
|
Address : |
3, Pam Apartments Co-operative Housing Society Limited, Panch Marg, Off
Yari Road, Andheri (West), Mumbai – 400061, Maharashtra, India |
|
Date of Birth/Age : |
01.08.1975 |
|
Date of Appointment : |
10.04.2012 |
|
PAN No.: |
ACBPG2343R |
|
DIN No.: |
05200184 |
KEY EXECUTIVES
|
Name : |
Mr. Mahendra Panchal |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Rajan Rajnikant Gadhia |
|
1599978 |
|
Radhika Rajan Gadhia |
|
50000 |
|
Mahesh Rajnikant Gadhia |
|
1600000 |
|
Purvi Rajnikant Gadhia |
|
50000 |
|
Rajnikant Nandlal Gadhia |
|
50000 |
|
Anand Rajnikant Gadhia |
|
1600000 |
|
Nikita Anand Gadhia |
|
50000 |
|
Ajay Shah (HUF) |
|
1 |
|
Alpa A. Shah |
|
1 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Distributor of Chemicals and Fertilizers. |
|
|
|
|
Products : |
· Acetonitrile · Aluminium Chloride · Ammonium Bicarbonate · Boric Acid · Caprolactum · Carbon Tetra Chloride · Caustic Potash Flakes / LYE · Chloroform · Cyclohexane · Cyclohexanone · Dimethyl Carbonate (DMC) · Dimethyl Sulfoxide (DMSO) · Epichlorohydrin · Ethylene Di Chloride · Gum Rosin · Hydrochloric Acid · Methanol · Methyl Iso Butyl Ketone · Nhexane · Phosphoric Acid · Potassium Carbonate · Sodium Borohydride · Sodium Cyanide · Sodium Metal · Toluene |
|
|
|
|
Agencies Held : |
·
GSCL ·
GSFC ·
Deepak Fertilizers ·
Aditya Fertilizers |
|
|
|
|
Imports : |
|
|
Products : |
·
Chemicals ·
Fertilizers |
|
Countries : |
·
China ·
Korea ·
Taiwan |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (90 days),
Advance Payment |
|
|
|
|
Purchasing : |
Cash and Credit L/C (90 days), Advance Payment |
GENERAL INFORMATION
|
Suppliers : |
·
GSCL ·
GSFC ·
Deepak Fertilizers ·
Aditya Fertilizers |
|||||||||||||||
|
|
|
|||||||||||||||
|
Customers : |
Sanjay Chemical Private Limited, Masjid Bunder |
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
50 (Approximately) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
· Standard Chartered Bank, SME Credit, Crescenzo, 3A/F, Plot No. C-38 and 39, G Block, Bandra Kurla Complex, Bandra East, Mumbai - 400051, Maharashtra, India · Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vyas and Joshi Chartered Accountants |
|
Address : |
445/451, 1st Floor, Kalbadevi Road, Opposite Bhangwadi,
Mumbai – 4000002, Maharashtra, India |
|
PAN No.: |
AACFV8514C |
|
|
|
|
Associate: |
Vital Organics |
|
|
|
|
Sister Concern : |
Name: R. Nandlal and
Sons Address: B-10, Kanmoor
House 281/283, Narsinatha Street, Mumbai – 400009, Maharashtra, India Line of
Business: Trader and Distributor of Chemicals and Fertilizers. |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
|
31.03.2013 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
50.000 |
|
(b) Reserves & Surplus |
|
|
13.060 |
|
(c) Money received
against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
|
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
|
|
63.060 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
|
|
308.521 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c) Other long
term liabilities |
|
|
0.000 |
|
(d) long-term
provisions |
|
|
0.000 |
|
Total Non-current
Liabilities (3) |
|
|
308.521 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
|
95.105 |
|
(b)
Trade payables |
|
|
1068.911 |
|
(c)
Other current liabilities |
|
|
18.624 |
|
(d) Short-term
provisions |
|
|
0.000 |
|
Total Current
Liabilities (4) |
|
|
1182.640 |
|
|
|
|
|
|
TOTAL |
|
|
1554.221 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
|
18.008 |
|
(ii)
Intangible Assets |
|
|
0.000 |
|
(iii)
Capital work-in-progress |
|
|
0.000 |
|
(iv) Intangible assets under development |
|
|
0.000 |
|
(b) Non-current
Investments |
|
|
0.000 |
|
(c) Deferred tax
assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
0.000 |
|
(e) Other
Non-current assets |
|
|
0.000 |
|
Total Non-Current
Assets |
|
|
18.008 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
|
57.188 |
|
(b)
Inventories |
|
|
119.985 |
|
(c)
Trade receivables |
|
|
1344.238 |
|
(d) Cash
and cash equivalents |
|
|
11.302 |
|
(e)
Short-term loans and advances |
|
|
0.000 |
|
(f)
Other current assets |
|
|
3.500 |
|
Total
Current Assets |
|
|
1536.213 |
|
|
|
|
|
|
TOTAL |
|
|
1554.221 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
5550.000
(Approximately) |
|
|
|
Other Income |
|
|
NA |
|
|
|
TOTAL |
|
|
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
|
|
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
|
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
|
13.060 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
2.61 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
5630.000 |
|
|
|
|
|
The above information has been parted by Mr. Mahendra Panchal
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2013 |
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
|
6.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
1.30 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last two years |
Yes |
|
12] |
Profitability for last one year |
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 |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
|
As on 31.03.2013 |
|
Long term
borrowings |
|
|
|
Rupee term loans from banks |
|
16.300 |
|
Loans repayable on demand from banks |
|
292.221 |
|
|
|
|
|
Total |
|
308.521 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10379124 |
24/06/2014 * |
550,700,000.00 |
STANDARD CHARTERED BANK |
SME CREDIT, CRESCENZO, 3A/F, PLOT NO. C-38 AND 39, G BLOCK, BANDRA KURLA COMPLEX, BANDRA EAST, MUMBAI, MAHARASHTRA - 400051, INDIA |
C09094137 |
|
2 |
10352032 |
18/02/2014 * |
359,000,000.00 |
STANDARD CHARTERED BANK |
SME CREDIT, CRESCENZO, 3A/F, PLOT NO. C-38 AND 39, G BLOCK, BANDRA KURLA COMPLEX, BANDRA EAST, MUMBAI, MAHARASHTRA - 400051, INDIA |
C00469205 |
|
3 |
10355552 |
10/04/2012 |
100,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
B39580170 |
* Date of charge modification
FIXED ASSETS
· Buildings
· Office building
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
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. 60.19 |
|
|
1 |
Rs. 102.87 |
|
Euro |
1 |
Rs. 81.48 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
DPH |
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 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.