MIRA INFORM REPORT
|
Report Date : |
06.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
UNI-COLLOIDS IMPEX PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Readymoney Premises CHS Limited, Readymoney Terrace, 167, Dr. Annie Besant
Road, 1st Floor, Worli Naka, Mumbai – 400018, Maharashtra |
|
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|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
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|
|
|
Date of
Incorporation : |
02.07.2004 |
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|
|
|
Com. Reg. No.: |
11-147291 |
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|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 14.778 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH2004PTC147291 |
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|
|
IEC No.: |
0897003918 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMU03599B |
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|
|
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PAN No.: [Permanent Account No.] |
AAACU3765B |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Trader and
Importer of Cocoa Blocks and Cocoa Powder. |
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|
|
|
No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 160000 |
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|
|
|
Status : |
Moderate |
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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 moderate track record. The company possesses an average financial profile marked by modest networth,
low profit margin along with the working capital intensive nature of the
business during 2013. The ratings also take into consideration. The effects on operating
expenses due to gradual revamp in facilities and procedures due to the food
safety and standard act 2006 which has been effective from August 2011. However, trade relations appear to be fair. Business is active.
Payment terms are reported as 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.
INDIAN ECONOMIC OVERVIEW
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under
control, said the agency. Ratings firm Crisil has forecast 6 % growth for
2014/15 up from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital
firms in India during 2013, registering a drop of about 18 % over the previous
year. The Information Technology and IT-Enabled Services Industry
retained its status as the favourable venture capital investors in 2013.
Pakistan has temporarily banned gold imports for the second time in six months,
as it tries to stem smuggling into India. India’s import duty on gold is 10 %
and curbs on purchases have dried up legal imports into what used to be the
world’s biggest bullion buyers. The World Gold Council puts the amount smuggled
into India at upto 200 tonnes in 2013. The Reserve Bank of India has proposed
that unclaimed bank deposits estimated to be about Rs 35000 mn be used for
education and awareness among depositors. According to the plan, deposits
that have not been claimed for at least 10 years will be transferred to the
scheme.
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. Adnan Kutub |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-67443000 |
|
Date : |
05.03.2014 |
LOCATIONS
|
Registered Office : |
Readymoney Premises CHS Limited, Readymoney Terrace, 167, Dr. Annie
Besant Road, 1st Floor, Worli Naka, Mumbai – 400018, Maharashtra |
|
Tel. No.: |
91-22-67443000 |
|
Mobile No.: |
91-9820786630
(Mr. Adnan) |
|
Fax No.: |
91-22-66370959 |
|
E-Mail : |
|
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|
|
|
Warehouse : |
Located at · Bhivandi · Mumbai · Ahmedabad |
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|
|
|
Branch Office : |
4A, 2nd Floor, Shalimar
Complex, Mahalaxmi Five Cross Road, Paldi, Ahmedabad – 380007, Gujarat, India. |
|
Tel No.: |
91-79-26650741 |
|
Fax No.: |
91-79-26621775 |
|
Area
: |
1600 sq. ft. |
|
Location
: |
Owned |
DIRECTORS
As on 28.09.2013
|
Name : |
Mr. Aziz
Amaluddin Valiualla |
|
Designation : |
Director |
|
Address : |
Rashid Mansion, Flat
No. 4, Samander Estate, Dr. Annie Besant Road, Worli, Mumbai - 400018,
Maharashtra, India |
|
Date of Birth : |
19.06.1956 |
|
Qualification : |
T. Y. B.com |
|
Date of Appointment : |
02.07.2004 |
|
DIN No. |
00150519 |
|
|
|
|
Name : |
Mr. Farooq Amaluddin
Valiualla |
|
Designation : |
Director |
|
Address : |
Worli Point,
Rashid Mansion, Samunder Estate, Dr. Annie Besant Road, Worli, Mumbai –
400018, Maharashtra, India |
|
Date of Birth/Age : |
01.04.1957 |
|
Qualification : |
T. Y. B.com |
|
Date of Appointment : |
02.07.2004 |
|
DIN No.: |
00150560 |
|
|
|
|
Name : |
Mr.
Amaluddin Mohammed Habib Valiualla |
|
Designation : |
Director |
|
Address : |
Rashid Mansion, Flat
No. 4, Samuander Estate, Worli Point, Mumbai - 400018, Maharashtra, India |
|
Date of Birth/Age : |
01.03.1929 |
|
Qualification : |
H.S.C |
|
Date of Appointment : |
02.07.2004 |
|
DIN No.: |
00150600 |
|
|
|
|
Name : |
Mr. Anwar
Mohammadmia Valiualla |
|
Designation : |
Director |
|
Address : |
8, Mena Gurjari
CHS, Prabhudas Thakker College Road, Paldi, Ahmedabad – 387007, Gujarat,
India |
|
Date of Birth/Age : |
21.07.1942 |
|
Qualification : |
B. Sc and Law |
|
Date of Appointment : |
02.07.2004 |
|
DIN No.: |
00150638 |
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|
|
|
Name : |
Mr. Khatib Anwar
Valiualla |
|
Designation : |
Director |
|
Address : |
8, Mena Gurjari
CHS, Prabhudas Thakker College Road, Paldi, Ahmedabad – 387007, Gujarat,
India |
|
Date of Birth/Age : |
18.02.1970 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
02.07.2004 |
|
DIN No.: |
00150681 |
|
|
|
|
Name : |
Mr. Abbas Zainul
Haveliwala |
|
Designation : |
Director |
|
Address : |
Gulmohar
Building, 3rd Floor, Flat No. 24, 8th Strand Road, Colaba,
Mumbai -400005, Maharashtra, India |
|
Date of Birth
: |
22.09.1959 |
|
Qualification
: |
Master in
Marketing, B. Sc |
|
Date of
Appointment : |
02.07.2004 |
|
Din No. |
00152516 |
KEY EXECUTIVES
|
Name : |
Mr. Adnan Kutub |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Anwar Mohammed Valiulla |
|
12788 |
|
Khatib Anwar Valiulla |
|
9134 |
|
Sajid Anwar Valiulla |
|
5220 |
|
Amaluddin Mohd.Habib Valiulla |
|
27338 |
|
Farooq Amaluddin Valiulla |
|
24793 |
|
Aziz Amaluddin Valiulla |
|
24793 |
|
Majeda Farooq Valiulla |
|
6851 |
|
Mahera Aziz Valiulla |
|
6851 |
|
Anina Anwar Valiulla |
|
3262 |
|
Saheda Khatib Valiulla |
|
3262 |
|
Rushada Sajid Valiulla |
|
3262 |
|
Kherunnisa Amaluddin Valiulla |
|
6524 |
|
Aamir Farooq Valiulla |
|
6851 |
|
Hamza Aziz Valiulla |
|
6851 |
|
Total |
|
147780 |
As on 28.09.2013
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 : |
Trader and Importer of Cocoa Blocks and Cocoa Powder. |
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Products : |
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Imports : |
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Products : |
Finished Goods |
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Countries : |
Malaysia |
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Terms : |
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Selling : |
L/C, Cash and Credit (30 Days / 60 Days) |
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Purchasing : |
Cash and Credit (30 Days / 60 Days) |
GENERAL INFORMATION
|
Suppliers : |
· Syral Belgium NV · Aastha Stationery · Da Vos Life Science Pte Limited · Khoj Enterprises · Solanki Enterprises · Sharia Exports · Dynamic Food Ingredients · Global Agro Commodities · Escaut Valley · Worlee Naturprodukte GmbH |
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Customers : |
Wholesalers, Retailers and End Users · GlaxoSmithKline Consumer Healthcare Limited, India (GSK) · Aaro Foods Private Limited · Anjana Agri Foods · Lux Flavours · Mahavir Agencies · National Bakers · Orchard Brands Private Limited · Global Trading Company · S.S. Essence Stores · Giriraj Distributors |
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No. of Employees : |
25 (Approximately) |
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Bankers : |
· Standard Chartered Bank, SME Credit, 23-25, M G Road, Fort, Mumbai - 400001, Maharashtra, India · Citi Bank · HDFC Bank Limited · Union Bank of India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
S.S.Nasir and Company Chartered Accountants |
|
Address : |
239, Nagdevi Stree, 2nd Floor, Room No.7, Mumbai – 400003, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFS5109C |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.100/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
147780 |
Equity Shares |
Rs.100/- each |
Rs. 14.778 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 |
14.778 |
11.778 |
11.778 |
|
(b) Reserves & Surplus |
25.300 |
25.894 |
26.393 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
40.078 |
37.672 |
38.171 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
31.769 |
29.760 |
0.915 |
|
(b) Deferred tax liabilities (Net) |
0.124 |
0.139 |
0.469 |
|
(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) |
31.893 |
29.899 |
1.384 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
57.972 |
10.692 |
13.383 |
|
(b) Trade
payables |
35.706 |
27.330 |
65.974 |
|
(c) Other
current liabilities |
16.389 |
21.714 |
26.370 |
|
(d) Short-term
provisions |
0.735 |
(0.234) |
7.731 |
|
Total Current
Liabilities (4) |
110.802 |
59.502 |
113.458 |
|
|
|
|
|
|
TOTAL |
182.773 |
127.073 |
153.013 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
4.320 |
2.327 |
0.836 |
|
(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 |
0.466 |
1.338 |
2.120 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
4.786 |
3.665 |
2.956 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
86.358 |
53.101 |
84.494 |
|
(c) Trade
receivables |
72.212 |
64.320 |
39.933 |
|
(d) Cash
and cash equivalents |
1.485 |
0.735 |
0.839 |
|
(e)
Short-term loans and advances |
12.217 |
1.830 |
4.699 |
|
(f) Other
current assets |
5.715 |
3.422 |
20.092 |
|
Total
Current Assets |
177.987 |
123.408 |
150.057 |
|
|
|
|
|
|
TOTAL |
182.773 |
127.073 |
153.013 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
411.642 |
|
|
|
|
|
Other Income |
0.415 |
0.168 |
|
|
|
|
TOTAL |
412.057 |
376.228 |
486.217 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Traded Goods |
|
|
|
|
|
|
Changes in Inventories of finished goods |
(33.258) |
|
|
|
|
|
Employee benefit expenses |
9.930 |
|
|
|
|
|
Other Expenses |
8.717 |
|
|
|
|
|
TOTAL (B) |
403.031 |
366.903 |
465.910 (Including
Depreciation and Financial Expenses) |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
9.026 |
9.325 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.548 |
4.995 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
4.478 |
4.330 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.576 |
0.382 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
3.902 |
3.948 |
20.307 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.496 |
1.399 |
7.012 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.406 |
2.549 |
13.295 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
16.28 |
21.65 |
112.88 |
|
Expected Sales (2013-2014): Rs. 320.000 Millions
Note: The Sales will be
low in (2013-14) because, government has pass new law of food safety and
standard act 2006 has become effective from August, 2011.
The above information has been parted by Mr. Adnan Kutub (Accounts
Department).
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.58
|
0.68 |
2.73 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.95
|
1.05 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.14
|
3.14 |
13.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.10 |
0.53 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.24
|
1.07 |
0.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.61
|
2.07 |
1.32 |
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 |
11.778 |
11.778 |
14.778 |
|
Reserves & Surplus |
26.393 |
25.894 |
25.3 |
|
Net
worth |
38.171 |
37.672 |
40.078 |
|
|
|
|
|
|
Long-term borrowings |
0.915 |
29.760 |
31.769 |
|
Short term borrowings |
13.383 |
10.692 |
57.972 |
|
Total
borrowings |
14.298 |
40.452 |
89.741 |
|
Debt/Equity
ratio |
0.375 |
1.074 |
2.239 |
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) |
|
Total Income |
486.217 |
376.228 |
412.057 |
|
|
|
-22.621 |
9.523 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
486.217 |
376.228 |
412.057 |
|
Profit |
13.295 |
2.549 |
2.406 |
|
|
2.73% |
0.68% |
0.58% |
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 |
Yes |
|
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
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
CURRENT MATURITIES OF LONG TERM DEBTS: NOT AVAILABLE
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10015221 |
01/06/2011 * |
75,000,000.00 |
STANDARD CHARTERED BANK |
SME CREDIT, 23-25, M G ROAD, FORT, MUMBAI - 400001, MAHARASHTRA, INDIA |
B14566079 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Other Loans |
34.450 |
0.000 |
|
Total |
34.450 |
0.000 |
FIXED ASSETS
· Computer
· Air Conditioner
· Facsimile Machine
· Office Equipment’s
· Furniture and Fixtures
· Weighing Machine
· Furniture (New)
· Camera
· Fan
· Pallets
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.61.86 |
|
|
1 |
Rs.103.06 |
|
Euro |
1 |
Rs.84.92 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
MRI |
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 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.