MIRA INFORM REPORT
|
Report Date : |
24.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
SEQUEL PHARMACEUTICALS (INDIA) PRIVATE LIMITED (w.e.f.26.07.2010) |
|
|
|
|
Formerly Known
As : |
SEQUEL PHARMACEUTICALS PRIVATE LIMITED SEQUEL PHARMACHEM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
417, The Great Eastern Gallaria, Plot No. 20, Sector 4, Nerul,
Navi
Mumbai – 400706, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
28.06.2006 |
|
|
|
|
Com. Reg. No.: |
11-162896 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 58.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24239MH2006PTC162896 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturing of Bulk Drugs. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Closed Down |
|
|
|
|
Payment Behaviour : |
-- |
|
|
|
|
Litigation : |
-- |
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|
|
|
Comments : |
As confirmed by Sunil A. More, Chartered Accountant of the subject
company that “SEQUEL PHARMACEUTICALS (INDIA) PRIVATE LIMITED” has closed down
its business activities after 2011. The subject company cannot be considered for business dealings. |
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
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Sunil A. More |
|
Designation : |
Chartered Accountant |
|
Contact No.: |
91-9322402914 |
|
Date : |
20.06.2014 |
LOCATIONS
|
Registered Office : |
417, The Great Eastern Gallaria, Plot No. 20, Sector 4, Nerul,
Navi Mumbai
– 400706, Maharashtra, India |
|
Tel. No.: |
91-22-27724214/ 27713117 |
|
Mobile No.: |
91-9322402914 (Mr. Sunil A. More) |
|
Fax No.: |
91-22-27719218 |
|
E-Mail : |
|
|
|
|
|
Factory : |
N-46, Additional MIDC, Anand Nagar, Ambernath – 421504, Maharashtra,
India |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Mohan Kashiram Kadam |
|
Designation : |
Director |
|
Address : |
Flat No. 701,
7th Floor, Harileela Apartment, Plot No. 302, Sector 6, Sarsole, Nerul, Navi
Mumbai – 400706, Maharashtra, India |
|
Date of Birth/Age : |
07.05.1966 |
|
Date of Appointment : |
28.06.2006 |
|
DIN No.: |
01600812 |
|
|
|
|
Name : |
Mr. Santosh Shrikrishna Joshi |
|
Designation : |
Director |
|
Address : |
A – 202,
Gagangiri Apartment, Plot No 47, Sector 17, Vashi, Navi Mumbai – 400705,
Maharashtra, India |
|
Date of Birth/Age : |
22.03.1969 |
|
Date of Appointment : |
28.06.2006 |
|
DIN No.: |
01670244 |
|
|
|
|
Name : |
Saili Jayaram More |
|
Designation : |
Additional director |
|
Address : |
201/202, Shree
Sai Sparesh CHS, Plot No- 240, Sector 21, Nerul, Navi Mumbai - 400706,
Maharashtra, India |
|
Date of Birth/Age : |
09.07.1970 |
|
Date of Appointment : |
23.08.2010 |
|
DIN No.: |
02691527 |
KEY EXECUTIVES
|
Name : |
Mr. Sunil A. More |
|
Designation : |
Chartered Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Mohan Kashiram Kadam |
2900000 |
50.00 |
|
Santosh Shrikrishna Joshi |
2900000 |
50.00 |
|
|
|
|
|
Total |
5800000 |
100.00 |
%20PRIVATE%20LIMITED%20-%20273117%2024-Jun-2014_files/image015.gif)
AS ON 30.09.2010
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Bulk Drugs. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
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Bankers : |
· NKGSB Cooperative Bank Limited 83, Prabhat Centre, 1st Floor, Sector 1 A, CBD Belapur, Navi Mumbai - 400611, Maharashtra, India |
||||||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
S.A. More and Company Chartered Accountants |
|
Address : |
C/5-210, Prabhakar Nagar, Anant Ganpat Pawar Lane, Mumbai – 400027,
Maharashtra, India |
|
Tel. No.: |
91-22-23755375/ 23742581 |
|
Mobile No.: |
91-9322402914 |
|
E-Mail : |
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|
Income-tax
PAN of auditor or auditor's firm : |
AAKCS2243J |
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|
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|
Enterprises commonly controlled or influenced by major shareholders/
directors/ key managerial personnel of the company : |
· Vastu Nirman Corporation · Shree Sai Kripa Enterprises · Vasundhara Enterprises · Acutest Research Laboratories |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 60.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,800,000 |
Equity Shares |
Rs. 10/- each |
Rs. 58.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
58.000 |
58.000 |
48.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.057 |
|
|
4] (Accumulated Losses) |
(27.738) |
(25.313) |
0.000 |
|
|
NETWORTH |
30.262 |
32.687 |
48.057 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
203.011 |
162.288 |
127.234 |
|
|
2] Unsecured Loans |
134.629 |
98.187 |
26.325 |
|
|
TOTAL BORROWING |
337.640 |
260.475 |
153.559 |
|
|
DEFERRED TAX LIABILITIES |
2.684 |
0.000 |
1.923 |
|
|
|
|
|
|
|
|
TOTAL |
370.586 |
293.162 |
203.539 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
227.845 |
234.522 |
38.633 |
|
|
Capital work-in-progress |
121.838 |
55.418 |
175.790 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.500 |
0.500 |
0.150 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
50.037
|
26.377 |
2.416 |
|
|
Sundry Debtors |
28.029
|
10.926 |
3.069 |
|
|
Cash & Bank Balances |
7.374
|
0.506 |
4.456 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
16.854
|
19.798 |
11.211 |
|
Total
Current Assets |
102.294
|
57.607 |
21.152 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
73.010
|
45.134 |
29.319 |
|
|
Other Current Liabilities |
5.081
|
5.906 |
2.436 |
|
|
Provisions |
4.781
|
3.890 |
0.488 |
|
Total
Current Liabilities |
82.872
|
54.930 |
32.243 |
|
|
Net Current Assets |
19.422
|
2.677 |
(11.091) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.981 |
0.045 |
0.057 |
|
|
|
|
|
|
|
|
TOTAL |
370.586 |
293.162 |
203.539 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
24.853 |
11.749 |
|
|
|
Other Income |
|
1.491 |
0.000 |
|
|
|
TOTAL |
144.836 |
26.344 |
11.749 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
144.529 |
46.388 |
8.226 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(Including
Depreciation Expenses) |
(20.044) |
3.523 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
7.111 |
0.775 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
0.307 |
(27.155) |
2.748 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.731 |
(1.784) |
2.420 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(2.424) |
(25.371) |
0.328 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
31.669 |
9.715 |
NA |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
65.512 |
2.269 |
NA |
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(0.42) |
(5.64) |
-- |
|
%20PRIVATE%20LIMITED%20-%20273117%2024-Jun-2014_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20273117%2024-Jun-2014_files/image004.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
(1.67)
|
(96.31)
|
2.79 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
(109.26)
|
23.39 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.23
|
(9.30)
|
4.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
(0.83)
|
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
11.16
|
7.97 |
3.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23
|
1.05 |
0.66 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2008 |
31.03.2009 |
31.03.2010 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
48.000 |
58.000 |
58.000 |
|
Share Application Money |
0.000 |
0.000 |
0.000 |
|
Reserves & Surplus |
0.057 |
0.000 |
0.000 |
|
(Accumulated Losses) |
0.000 |
(25.313) |
(27.738) |
|
Net
worth |
48.057 |
32.687 |
30.262 |
|
|
|
|
|
|
Secured Loans |
127.234 |
162.288 |
203.011 |
|
Unsecured Loans |
26.325 |
98.187 |
134.629 |
|
Total
borrowings |
153.559 |
260.475 |
337.640 |
|
Debt/Equity ratio |
3.195 |
7.969 |
11.157 |
%20PRIVATE%20LIMITED%20-%20273117%2024-Jun-2014_files/image017.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2008 |
31.03.2009 |
31.03.2010 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
11.749 |
26.344 |
144.836 |
|
|
|
124.223 |
449.787 |
%20PRIVATE%20LIMITED%20-%20273117%2024-Jun-2014_files/image019.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2008 |
31.03.2009 |
31.03.2010 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
11.749 |
26.344 |
144.836 |
|
Profit/ (Loss) |
0.328 |
(25.371) |
(2.424) |
|
|
2.79% |
(96.31%) |
(1.67%) |
%20PRIVATE%20LIMITED%20-%20273117%2024-Jun-2014_files/image021.gif)
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 |
No |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10288388 |
13/10/2011 * |
50,000,000.00 |
NKGSB CO-OP. BANK LIMITED |
83, PRABHAT CENTRE, 1ST FLOOR, SECTOR 1 A, CBD BELAPUR, NAVI MUMBAI, MAHARASHTRA - 400611, INDIA |
B26945568 |
|
2 |
10089461 |
27/09/2011 * |
293,100,000.00 |
CORPORATION BANK |
SOUTH INDIAN
EDUCATION SOCIETY, ACADEMIC COMPLEX, |
B25550906 |
|
3 |
10063597 |
08/09/2009 * |
41,825,000.00 |
JANAKALYAN SAHAKARI BANK LIMITED |
140, VIVEK DARSHAN, SINDHI SOCIETY, OPP. BHAKTI BHAVAN, CHEMBUR, MAHARASHTRA - 400071, INDIA |
A70073614 |
|
4 |
10093608 |
08/09/2009 * |
10,000,000.00 |
JANAKALYAN SAHAKARI BANK LIMITED |
140, VIVEK DARSHAN, SINDHI SOCIETY, OPP. BHAKTI BHAVAN, CHEMBUR, MAHARASHTRA - 400071, INDIA |
A70073598 |
|
5 |
10096643 |
12/04/2007 |
16,000,000.00 |
JANAKALYAN SAHAKARI BANK LIMITED |
140, VIVEK DARSHAN, SINDHI SOCIETY, OPP. BHAKTI BHAVAN, CHEMBUR, MAHARASHTRA - 400071, INDIA |
A18359349 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2010 (Rs.
In Millions) |
31.03.2009 (Rs.
In Millions) |
|
Others Loans and Advances From Directors |
134.629 |
98.187 |
|
|
|
|
|
Total |
134.629 |
98.187 |
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2010 (Rs.
In Millions) |
31.03.2009 (Rs.
In Millions) |
|
|
|
|
|
Estimated amount of contracts remaining to be executed on Capital account
not provided for (Net of Advances) |
3.967 |
2.728 |
|
Bank Guarantee and Liability of discounting of bill |
0.000 |
0.000 |
|
|
|
|
FIXED ASSETS:
· Leasehold Land
· Factory Premises
· Plant and Machinery
· Utilities
· Electrical Installation
· R & D Equipments
· Furniture and Fixture
· Computers
· Vehicles
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. 102.56 |
|
Euro |
1 |
Rs. 81.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
BVA |
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.