MIRA INFORM REPORT
|
Report Date : |
21.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
COLDSTAR LOGISTICS PRIVATE LIMITED |
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Registered
Office : |
Unit No.2, 1st Floor, Phoenix Market City, 15, L.B.S. Marg,
Kurla West, Mumbai – 400070, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
06.11.2009 |
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Com. Reg. No.: |
11-196921 |
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Capital
Investment / Paid-up Capital : |
Rs.23.095 Millions |
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CIN No.: [Company Identification
No.] |
U74990MH2009PTC196921 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMC17134F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Logistics, Warehousing, Transportation etc. services. |
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No. of Employees
: |
Information declined by the management |
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 |
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Maximum Credit Limit : |
USD 470000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. The company possesses a moderate financial profile marked by
consecutive losses for past some years. However, trade relations are fair. Business is active. Payments are
reported as slow. The company can be considered for business dealings with 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 |
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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
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
31-03-2012.
INFORMATION DECLINED BY
|
Name : |
Mr. Rajesh Pawar |
|
Designation : |
Accounts Manager |
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Contact No.: |
91-22-61801800 |
|
Date : |
20.06.2014 |
LOCATIONS
|
Registered / Corporate Office : |
Unit No.2, 1st Floor, Phoenix Market City, 15, L.B.S. Marg,
Kurla (West), Mumbai – 400070, Maharashtra, India |
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Tel. No.: |
91-22-61801800 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Branch Office : |
Hyderabad Plot No 1 & 2/A-240/A & 241/A, Door No – 8-57/1,
Isnapoor (V), Pantan Cheru, Dist Medak, Hyderabad, Andhra Pradesh, India |
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Navi Mumbai Plot No. 75-1/A/B, 75-2/A/D/K, 86-2, Palasphe, Panvel - Goa Highway, Panvel Taluka, District Raigad – 410206, Maharashtra, India |
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Haryana F-36, DLF Centre Point, Sector - 11, Mathura Road,
Faridabad – 121006, Haryana, India |
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Tamilnadu Room No 1, First Floor, Selva Vinyagar Koli Street,
Santhavellore Village, Sriperumbudur Taluk, Kanchipuram District – 602106,
Tamilnadu, India |
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Tel. No. : |
91-44-27107123 |
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Bangalore No 1A, Makali Village & Post NH 4, 19 5th K.M Tumkur Road, Near Himalaya Drug Company, Bangalore – 562123, Karnataka, India |
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Tel. No.: |
+91-80-23714060 |
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Kolkata 3 Wood Street, 1st Floor, Flat #2, Kolkata - 700 016, West
Bengal, India |
DIRECTORS
As on: 28.09.2013
|
Name : |
Mrs. Shagun Ashok Kapur |
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Designation : |
Director |
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Address : |
11, Silver Arch, Napean Sea Road, Mumbai – 400006, Maharashtra, India |
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Date of Birth/Age : |
23.03.1975 |
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Date of Appointment : |
06.11.2009 |
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DIN No.: |
01714304 |
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Other Directorship :
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Name : |
Mr. Anand Manohar Aryamane |
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Designation : |
Director |
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Address : |
48/1C, Ghatle Village, Chembur, Mumbai – 400071, Maharashtra, India |
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Date of Birth/Age : |
14.11.1971 |
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Date of Appointment : |
31.05.2011 |
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DIN No.: |
03549270 |
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KEY EXECUTIVES
|
Name : |
Mr. Rajesh Pawar |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 28.09.2013
|
Names of Shareholders |
No. of Shares |
%age |
|
TuscanVentures Private Limited, India |
1999900 |
99.99 |
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Shagun Ashok Kapur |
100 |
0.01 |
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2000000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 28.09.2013
|
Category |
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Percentage |
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Bodies corporate |
|
99.99 |
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Directors or relatives of directors |
|
0.01 |
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Total
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|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Logistics, Warehousing, Transportation etc. services. |
GENERAL INFORMATION
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No. of Employees : |
Information declined by management |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
-- |
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Financial Institute : |
L and T Finance Limited, L and T House, Ballard Estate,
Mumbai - 400001, Maharashtra, India |
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Auditors : |
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Name : |
Contractor Nayak and Kishnadwala Chartered Accountants |
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Address : |
5th Floor, Narain Chambers, M.G. Road, Vile Parle (East), Mumbai – 400057, Maharashtra, India |
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Tel. No.: |
91-22-64577600 / 01 |
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PAN No.: |
AACFC8587E |
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Holding Company : |
Tuscan Ventures Private Limited |
CAPITAL STRUCTURE
As on: 28.09.2013
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
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|
|
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|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Millions |
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Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
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|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000
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 |
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|
|
|
(1)Shareholders' Funds |
|
|
|
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(a) Share Capital |
20.000 |
20.000 |
20.000 |
|
(b) Reserves & Surplus |
96.679 |
103.874 |
127.183 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
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(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
116.679 |
123.874 |
147.183 |
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(3)
Non-Current Liabilities |
|
|
|
|
(a)
long-term borrowings |
68.992 |
59.180 |
20.685 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
7.423 |
2.420 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.657 |
0.000 |
0.000 |
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Total
Non-current Liabilities (3) |
69.649 |
66.603 |
23.105 |
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(4) Current Liabilities |
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|
|
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(a)
Short term borrowings |
3.525 |
0.000 |
12.247 |
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(b)
Trade payables |
1.982 |
0.783 |
5.218 |
|
(c)
Other current liabilities |
37.358 |
30.034 |
0.548 |
|
(d)
Short-term provisions |
0.003 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
42.868 |
30.817 |
18.013 |
|
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TOTAL |
229.196 |
221.294 |
188.301 |
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II.
ASSETS |
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(1) Non-current assets |
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(a)
Fixed Assets |
|
|
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(i)
Tangible assets |
150.203 |
116.527 |
63.978 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.419 |
|
(iii)
Capital work-in-progress |
12.120 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b)
Non-current Investments |
0.067 |
0.065 |
0.000 |
|
(c)
Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
19.421 |
7.080 |
0.000 |
|
(e)
Other Non-current assets |
5.000 |
5.000 |
0.013 |
|
Total
Non-Current Assets |
186.811 |
128.672 |
64.410 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.037 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
35.459 |
24.240 |
2.771 |
|
(d)
Cash and cash equivalents |
0.419 |
2.549 |
2.047 |
|
(e)
Short-term loans and advances |
6.503 |
65.827 |
119.036 |
|
(f)
Other current assets |
0.004 |
0.006 |
0.000 |
|
Total
Current Assets |
42.385 |
92.622 |
123.891 |
|
|
|
|
|
|
TOTAL |
229.196 |
221.294 |
188.301 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
193.342 |
115.398 |
4.232 |
|
|
Other Income |
0.769 |
0.305 |
0.150 |
|
|
TOTAL |
194.111 |
115.703 |
4.382 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits
expense |
14.294 |
11.349 |
2.753 |
|
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Other expenses |
158.632 |
100.358 |
7.738 |
|
|
TOTAL |
172.926 |
111.707 |
10.491 |
|
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PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
21.185 |
3.996 |
-6.109 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
11.064 |
7.121 |
0.731 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
10.121 |
(3.125) |
(6.840) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION
|
24.739 |
15.180 |
2.857 |
|
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|
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|
|
PROFIT/ (LOSS) BEFORE TAX |
(14.618) |
(18.305) |
(9.697) |
|
|
|
|
|
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|
Less |
TAX |
(7.423) |
5.003 |
2.420 |
|
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|
|
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|
PROFIT/ (LOSS) AFTER TAX
|
(7.195) |
(23.308) |
(12.117) |
|
|
|
|
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|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
(35.425) |
(12.117) |
0.000 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
(42.620) |
(35.425) |
(12.117) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(3.60) |
(11.65) |
(6.06) |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(3.71) |
(20.14) |
(276.52) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(7.56) |
(15.86) |
(229.14) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(6.74) |
(8.27) |
(5.15) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.13) |
(0.15) |
(0.07) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.62 |
0.48 |
0.22 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.99 |
3.01 |
6.88 |
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 |
20.000 |
20.000 |
20.000 |
|
Reserves & Surplus |
127.183 |
103.874 |
96.679 |
|
Net worth |
147.183 |
123.874 |
116.679 |
|
|
|
|
|
|
long-term borrowings |
20.685 |
59.180 |
68.992 |
|
Short term borrowings |
12.247 |
0.000 |
3.525 |
|
Total borrowings |
32.932 |
59.180 |
72.517 |
|
Debt/Equity ratio |
0.224 |
0.478 |
0.622 |
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 |
4.232 |
115.398 |
193.342 |
|
|
|
2,626.796 |
67.544 |
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 |
4.232 |
115.398 |
193.342 |
|
Profit |
(12.117) |
(23.308) |
(7.195) |
|
|
(286.32%) |
(20.20%) |
(3.72%) |
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
Note: The Registered Office
of the company has been shifted from 11, Silver Arch, Napean Sea Road, Mumbai –
400006, Maharashtra, India to the present address w.e.f.02.09.2013.
UNSECURED LOAN
(Rs. In Millions)
|
|
As on 31.03.2013 |
As on 31.03.2012 |
|
Long Term
Borrowings |
|
|
|
Term loans from Holding Company (Tuscan Ventures Private Limited) |
20.649 |
0.000 |
|
|
|
|
|
Total |
20.649 |
0.000 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10496691 |
29/03/2014 |
30,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA (SIDBI) |
11-13, ATLANTA BUILDING, 1ST FLOOR,, 209, V K SHAH MARG, NARIMAN POINT,, MUMBAI - 400021, MAHARASHTRA, INDIA |
C05177621 |
|
2 |
10460213 |
30/10/2013 |
100,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA (SIDBI) |
11-13, ATLANTA BUILDING, 1ST FLOOR,, 209, V K SHAH MARG, NARIMAN POINT,, MUMBAI - 400021, MAHARASHTRA, INDIA |
B89540827 |
|
3 |
10400138 |
30/01/2013 |
6,544,000.00 |
L & T FINANCE LIMITED |
L&T HOUSE, BALLARD ESTATE, MUMBAI - 400001, MAHARASHTRA, INDIA |
B66953977 |
|
4 |
10391159 |
07/11/2012 |
10,099,376.00 |
L & T FINANCE LIMITED |
L&T HOUSE, BALLARD ESTATE, MUMBAI - 400001, MAHARASHTRA, INDIA |
B63809727 |
|
5 |
10385937 |
17/09/2012 |
4,898,000.00 |
L & T FINANCE LIMITED |
L&T HOUSE, BALLARD ESTATE, MUMBAI - 400001, MAHARASHTRA, INDIA |
B61890067 |
|
6 |
10346510 |
20/03/2012 |
5,012,600.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
B36649382 |
|
7 |
10333951 |
03/01/2012 |
9,740,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
B31431216 |
|
8 |
10322925 |
02/12/2011 |
5,174,400.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
B27784529 |
|
9 |
10313231 |
10/10/2011 |
11,250,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
B23540412 |
|
10 |
10273477 |
25/02/2011 |
10,349,675.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA |
B07705619 |
FIXED ASSETS
- Land
- Office
Equipment
- Commercial
Vehicles
- Motor
Vehicles
- Computer
- Furniture and
Fittings
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] 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 does 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.60.28 |
|
|
1 |
Rs.102.77 |
|
Euro |
1 |
Rs.82.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
VNK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
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.