MIRA INFORM REPORT
|
Report Date : |
12.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
LISA AMPOULES
AND VIALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shed No. D6, 798 Shiva Reddy Pet, Vikarabad, Ranga Reddy – 501101,
Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
09.09.1991 |
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|
|
|
Com. Reg. No.: |
01-013191 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.999 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999AP1991PTC013191 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDL00345C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACL1892N |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Manufacturers of Ampoules and Tubular Vials |
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|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 118000 |
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|
|
|
Status : |
Satisfactory |
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|
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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 satisfactory track record. There seems a drastic dip in the profits of the company during financial
year 2013. However, net worth of the company is satisfactory. General
financial position of the company is normal and acceptable for business
dealings. Trade relations are reported as fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects positive
impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief information
officers at gathering in Bangalore in April to meet Indian startups at an event
called Tech50 Watchout for Little Eye Labs-Facebook type deals in the making.
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 DENIED
MANAGEMENT NON CO-OPERATIVE (91-40-23734903)
LOCATIONS
|
Registered Office : |
Shed No. D6, 798 Shiva Reddy Pet, Ranga Reddy, Vikarabad – 501101,
Andhra Pradesh, India |
|
Tel. No. : |
91-40-23734903 |
|
Fax No. : |
91-40-66639765 |
|
E-Mail : |
info@lisampoules.com |
|
Website : |
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Factory Address : |
D3, 4, 5, 6, 7, and 8 Industrial Estate, Shivareddypet, Vikarabad –
501101, Andhra Pradesh, India |
|
Tel. No. : |
91-8416-253609 |
|
Fax No. : |
91-8416-252084 |
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|
|
|
Office Address: |
7-1-80/205,
Flat No. 25, Khemson Apartment, Ameerpet, Hyderabad - 500 016, Andhra
Pradesh, India |
|
Tel. No. : |
91-40-23734903
/ 66258047 |
|
Fax No. : |
91-40-66639765 |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Jerry Kurian |
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Designation : |
Director |
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Address : |
6-3-1247/ Flat No.407, Rajbhavan , Khairatabad, Hyderabad – 500082, Andhra Pradesh, India |
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Date of Birth/Age : |
25.05.1960 |
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Date of Appointment : |
09.09.1991 |
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DIN No. : |
00164990 |
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Other Directorship :
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Name : |
Mrs. Kurian Laly Jerry |
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|
Designation : |
Director |
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|
Address : |
6-3-1247/ Flat No.407, Rajbhavan , Khairatabad, Hyderabad – 500082, Andhra Pradesh, India |
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Date of Birth/Age : |
22.03.1965 |
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Date of Appointment : |
09.09.1991 |
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DIN No. : |
02413725 |
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Other Directorship :
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
%age |
|
Jerry Kurian |
4050 |
40.54 |
|
Kurian Laly Jerry |
5940 |
59.46 |
|
|
|
|
|
Total |
9990 |
100.00 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Ampoules and Tubular Vials |
GENERAL INFORMATION
|
Suppliers : |
¨ Devaki Tools and Equipments ¨ Rohit Packing’s ¨ Yashica Enterprises ¨ Bangara Tools and equipment’s ¨ Gastech Corp ¨ Y.K. Packing Industry ¨ K B Impex ¨ Jig Sales and Services ¨ Super Road Carriers ¨ Surabhi Ceramics |
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Customers : |
¨ Aurobindo Pharma Limited ¨ Aegis Ampoules and Vials Limited ¨ Natco Pharma Limited ¨ Dr.Reddys Labs Limited ¨ Voris Life Science ¨ Tablet (I) Limited Limited ¨ Aizant Drug Research ¨ Eco Dyanamic Sun Chemson ¨ Cerlink Marketing ¨ Gland Pharma Limited ¨ Armour Pharmaceuticals Limited ¨ Shilpa Medicare |
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No. of Employees : |
Not Divulged |
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Bankers : |
The Federal Bank, Krishna Plaza, 8-2-953, Lakdikapool, Khairatabad, Hyderabad - 500004, Andhra Pradesh, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Krishna Reddy and Company Chartered Accountants |
|
Address : |
6-3-634, Green Channel Apts, Khairathbad, Hyderabad – 500004, Andhra Pradesh, India |
|
Tel. No. : |
91-40-65590260 |
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PAN
No. : |
AAEFK4157A |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000 |
Equity Shares |
Rs.100/- each |
Rs.2.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9990 |
Equity Shares |
Rs.100/- each |
Rs.0.999 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
0.999 |
0.999 |
0.999 |
|
(b) Reserves & Surplus |
24.569 |
24.323 |
19.042 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
4.000 |
4.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
29.568 |
29.322 |
20.041 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.500 |
1.176 |
6.509 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.500 |
1.176 |
6.509 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.958 |
2.083 |
2.053 |
|
(b) Trade
payables |
19.627 |
17.042 |
24.932 |
|
(c) Other
current liabilities |
0.936 |
0.799 |
1.403 |
|
(d) Short-term
provisions |
0.123 |
0.005 |
0.108 |
|
Total Current
Liabilities (4) |
21.644 |
19.929 |
28.496 |
|
|
|
|
|
|
TOTAL |
51.712 |
50.427 |
55.046 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
15.469 |
15.022 |
11.849 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.250 |
0.250 |
0.250 |
|
Total Non-Current
Assets |
15.719 |
15.272 |
12.099 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
16.059 |
20.655 |
20.821 |
|
(c) Trade
receivables |
15.774 |
13.328 |
19.764 |
|
(d) Cash
and cash equivalents |
0.585 |
0.981 |
0.577 |
|
(e)
Short-term loans and advances |
0.230 |
0.166 |
1.760 |
|
(f) Other
current assets |
3.345 |
0.025 |
0.025 |
|
Total
Current Assets |
35.993 |
35.155 |
42.947 |
|
|
|
|
|
|
TOTAL |
51.712 |
50.427 |
55.046 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
56.128 |
50.324 |
68.447 |
|
|
|
Other Income |
0.151 |
0.946 |
0.027 |
|
|
|
TOTAL |
56.279 |
51.270 |
68.474 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
39.827 |
36.208 |
41.978 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
0.711 |
(4.513) |
3.358 |
|
|
|
Employees benefits expense |
6.512 |
6.304 |
7.562 |
|
|
|
Other expenses |
4.970 |
7.312 |
8.834 |
|
|
|
TOTAL |
52.020 |
45.311 |
61.732 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
4.259 |
5.959 |
6.742 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1.801 |
2.510 |
2.699 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.458 |
3.449 |
4.043 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.071 |
2.408 |
3.365 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
0.387 |
1.041 |
0.678 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.141 |
(4.240) |
0.625 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
0.246 |
5.281 |
0.053 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
23.456 |
18.175 |
18.122 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
23.702 |
23.456 |
18.175 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
24.62 |
528.63 |
5.30 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.44 |
10.30 |
0.08 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.69 |
2.07 |
0.99 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.75 |
2.06 |
1.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
0.04 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.05 |
0.11 |
0.43 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.66 |
1.76 |
1.51 |
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 |
0.999 |
0.999 |
0.999 |
|
Reserves & Surplus |
19.042 |
24.323 |
24.569 |
|
Net
worth |
20.041 |
25.322 |
25.568 |
|
|
|
|
|
|
long-term borrowings |
6.509 |
1.176 |
0.500 |
|
Short term borrowings |
2.053 |
2.083 |
0.958 |
|
Total
borrowings |
8.562 |
3.259 |
1.458 |
|
Debt/Equity
ratio |
0.427 |
0.129 |
0.057 |
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) |
|
Sales |
68.447 |
50.324 |
56.128 |
|
|
|
(26.477) |
11.533 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
68.447 |
50.324 |
56.128 |
|
Profit |
0.053 |
5.281 |
0.246 |
|
|
0.08% |
10.49% |
0.44% |
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 |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans from
Directors and Banks |
|
|
|
Laly Jerry |
0.500 |
0.500 |
|
Laly Jerry: Citi Bank Loan |
0.000 |
0.068 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Directors Current
Accounts |
|
|
|
Jerry Kurian - Current A/c |
0.882 |
1.112 |
|
Mrs.Laly Jerry Kurian - Current A/c |
0.076 |
0.963 |
|
HDFC-Credit card loan for Computer |
0.000 |
0.008 |
|
|
|
|
|
Total |
1.458 |
2.651 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90121207 |
08/07/2012 * |
20,500,000.00 |
CHIEF MANAGER THE FEDERAL BANK |
KRISHNA PLAZA, 8-2-953, LAKDIKAPOOL, KHAIRATABAD, |
B56832389 |
|
2 |
90123994 |
09/01/2000 * |
5,000,000.00 |
FEDERAL BANK LTD. |
LAKDIKAPUL BRANCH, HYDERABAD, Andhra Pradesh - 500005, INDIA |
- |
|
3 |
90123829 |
02/11/1995 * |
4,000,000.00 |
FEDERAL BANK LTD. |
LAKDIKAPUL BRANCH, HYDERABAD, Andhra Pradesh - 500 005, INDIA |
- |
|
4 |
90120739 |
24/02/1999 * |
4,000,000.00 |
FEDERAL BANK LTD. |
LAKDIKAPUL BRANCH, HYDERABAD, Andhra Pradesh - 500005, INDIA |
- |
|
5 |
90122372 |
05/10/1995 * |
4,000,000.00 |
FEDERAL BANK LTD. |
LAKDIKAPUL BRANCH, HYDERABAD, Andhra Pradesh - 500005, INDIA |
- |
|
6 |
90120234 |
04/05/2005 * |
5,000,000.00 |
FEDERAL BANK LTD. |
LAKDIKAPUL BRANCH, HYDERABAD, Andhra Pradesh - 500005, INDIA |
- |
* Date of charge modification
MARKET PERFORMANCE:
The market for ampoules and vials is now showing signs of recovery. There are enquiries from the market but the prices are still at very low due to availability cheaper imported products
The company could not perform as expected during this year also due to several disruptions in the running of the factory due to some unprecedented activities in the state as a whole. Factory lost lot of working days and man days due to power supply shortages and other inconveniences. There have been orders in hand but execution of orders in hand become difficult and due to this the company could not entertain fresh enquiries. However there was a better performance in the business. The business grew by around twelve percent as compared to the earlier year.
Power cuts remains as the single most issue arresting the growth and invited production loses. The expenditures have sky rocketed due to too much dependence on diesel to run the factory due to power shortage.
The overall performance of the company during the Financial Year 2012-13 could be evaluated as not bad good especially taking in to consideration the bad economy, power cuts and cheaper imports. The company achieved a turnover of Rs 56.279 millions as compared to the turnover of Rs 51.270 millions during the 2011-12 financial year.
The cost of Petroleum products, which is another main input for the production, and the severe power cuts affected the profitability of the company. Though the directors were able to reduce the overall overheads, the profitability remained at low.
The sales realization was better in the Financial Year. Because of that the company was able to meet the financial requirement better. Interest rates have come down and interest rates have been brought down.
EXPORT
The company did explore into the export market this year. There are encouraging results. However the directors are waiting for the right opportunity to enter in to exports once again.
FIXED ASSETS
œ Land
œ Buildings
œ Plant and Machinery
œ Diesel Generator Set
œ LPG Shed and Pipe line
œ Factory Furniture and Fixtures
œ Office Furniture and Fixtures
œ Office Equipments
œ Factory Air Conditioner
œ Vehicles
œ Water Supply Systems
œ Computers
œ Liquid Oxygen Tank
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.59.32 |
|
|
1 |
Rs.99.42 |
|
Euro |
1 |
Rs.80.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIV |
|
|
|
|
Analysis Done by
: |
NYA |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.