MIRA INFORM REPORT
|
Report Date : |
24.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
ALPHA PACKAGING PRIVATE LIMITED (w.e.f. 18.11.2008) |
|
|
|
|
Formerly Known
As : |
ALPHA PACKAGING LIMITED |
|
|
|
|
Registered
Office : |
1 Jash Market, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
14.09.1988 |
|
|
|
|
Com. Reg. No.: |
04-01241 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.49.162 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209GJ1988PTC011241 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTA00096F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA0053A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Seller of Pet Bottles |
|
|
|
|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1797000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
General financial position of the company is good. Trade relations are reported
as fair. Business is active. Payments are reported to be usually 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.
INDIAN ECONOMIC OVERVIEW
State-run banks hired nearly
300000 personnel including more than 94000 officers in the last four years,
according to the Indian Banks Association. A study by trade lobby Assocham in
September 2013 indicated that banks would need 800000 people in the next six
years. It estimated that state-run lenders alone would hire 50000 people in
2013/14.
The Competition Commission of India
plans to issue final orders within a broad time-frame of one year in matters
where it decides to carry out detailed investigations. The number of complaints
received by the watchdog which keeps tabs on unfair trade practices in the
marketplace.
The government has detected
custom tax evasion totaling around Rs 37920 mn in 14 states until December.
Maharashtra topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs
8140 mn, Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.
Connaught Place in New Delhi
slipped four notches to become the world’s eighth most expensive office
locations. London’s West End is the world’s most expensive office market.
There are 4.072 mn number of
high value spenders under the scanner of the income tax department. The income
tax department has information that they have made cash deposits announcing to
Rs 1 mn or more in their savings bank accounts in the current financial year.
It plans to check potential evasion before the closing of the financial year on
March 31.
Estimated pharmaceutical sales
in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago.
The life sciences and health care industry is up against challenges such as
quality management, says a recent Deloitte report.
The gross non-performing assets
of listed banks rose 35.2 % to Rs 2.43 lakh crore during the first three months
of the financial year. In absolute terms, the 40 listed banks added Rs 3386
crore to their gross NPAs in nine months with the State Bank of India leading
with the State Bank of India leading with an accretion of Rs 16610 crore.
The inflow of smuggled gold
doubled in 2013 following restrictions to curb the supply from official
channels to contain the current account deficit. China surpassed India in the
demand for gold for the first time in 2013 due to liberalization of gold
trading norms by its local governments.
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 (GENERAL DETAILS)
|
Name : |
Mr. R G Parwal |
|
Designation : |
Account Department |
|
Contact No.: |
91-261-2338100 |
|
Date : |
21.03.2014 |
LOCATIONS
|
Registered / Corporate Office : |
1 Jash Market, Ring Road, Surat-395002, Gujarat, India |
|
Tel. No.: |
91-261-2338100/8200/8300 |
|
Fax No.: |
91-261-2331533 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Plot No. 374, |
|
Tel. No.: |
91-260-2242948/2242693/2242694 |
|
Fax No.: |
91-260-2242978 |
|
|
|
|
Factory 2 : |
Plot No. P-38/3, Mahindra Industrial Park, Anjur Village,
Chengalpattu, Kancheepuram-603002, Tamilnadu, India |
|
|
|
|
Factory 3 : |
Shed No. D-1/2, Dev Bhoomi Industrial Estate, Pohana Iqbalpur Road,
Bantakhedi – 247667, Taluka – Roorkee, District – Haridwar (Uttrakhand) |
|
Tel. No.: |
91-133-2231046s |
|
|
|
|
Factory 4 : |
Bhatauli Kalan, Pragana, Dharampur, Tehsil Nalagarh, District Solan –
174103, Himachal Pradesh, India |
|
Tel. No.: |
91-1795-244351 |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Kamal Kanhiyalal Agarwal |
|
Designation : |
Director |
|
Address : |
25, Maitry Row House, Nr. Sarjan Society, Parle Point, Surat-395007,
Gujarat, India |
|
Date of Birth/Age : |
01.11.1961 |
|
Date of Appointment : |
18.04.2010 |
|
DIN No.: |
00382775 |
|
|
|
|
Name : |
Mr. Nilaksh Shyam Agarwal |
|
Designation : |
Director |
|
Address : |
502, Prabhu Darshan Society, Lal Bungalow, Athwalines,
Surat-395007,
Gujarat, India |
|
Date of Birth/Age : |
09.07.1982 |
|
Date of Appointment : |
01.07.2000 |
|
DIN No.: |
00577460 |
|
|
|
|
Name : |
Mr. Saurabh Kamalkishore Agarwal |
|
Designation : |
Director |
|
Address : |
25, Maitry Row House, Nr. Sarjan Society, Parle Point, Surat-395007,
Gujarat, India |
|
Date of Birth/Age : |
18.03.1985 |
|
Date of Appointment : |
24.05.2007 |
|
DIN No.: |
01519920 |
|
|
|
|
Name : |
Mr. Shyam Kanhiyalal Agarwal |
|
Designation : |
Director |
|
Address : |
11/B, Ratna Milan Apt. Nr. Panjara Pole, Ghod Dod Road,
Surat-395007,
Gujarat, India |
|
Date of Birth/Age : |
07.05.1959 |
|
Date of Appointment : |
03.05.2010 |
|
DIN No.: |
00382661 |
|
|
|
|
Name : |
Mr. Kanhiyalal Sohanlal Agarwal |
|
Designation : |
Director |
|
Address : |
Flat No. 303, Royal Twins, Anina, Opposite Vapi Daman Road, Chala,
Vapi-396191, Gujarat, India |
|
Date of Birth/Age : |
22.10.1963 |
|
Date of Appointment : |
30.09.2011 |
|
DIN No.: |
00382748 |
KEY EXECUTIVES
|
Name : |
Mr. R G Parwal |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Agarwal Kanhiyalal |
457550 |
|
Agarwal Kamal Kanhiyalal |
396050 |
|
Agarwal Shantidevi Kanhiyalal |
421000 |
|
Agarwal Shyamsunder Kanhiyalal |
374525 |
|
Agarwal Jugal Kanhiyalal |
425000 |
|
Kanhaiyalal Agarwal HUF |
350500 |
|
Shyam Agarwal HUF |
374525 |
|
Kamal Agarwal HUF |
400500 |
|
Agarwal Kiran J |
434050 |
|
Agarwal Santosh K |
325000 |
|
Agarwal Nilaksh Shayam |
480000 |
|
Agarwal Saurabh Kamal |
105000 |
|
Agarwal Sohini Jugal |
170000 |
|
Aplha Plastomer Private Limited, |
2500 |
|
Agarwal Saloni Jugal |
200000 |
|
|
|
|
Total |
4916200 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
0.05 |
|
Directors or relatives of Directors |
99.95 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Seller of Pet Bottles |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
Gulf Country |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
300 (Approximately) |
|
|
|
|
Bankers : |
Tel
No.: 91-261-2322390
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S N K and Company Chartered Accountant |
|
Address : |
SNK House, 31-A, Adarsh Society, Opposite Seventh Day, Adventiest High
School, Atwalines, Surat – 395001, Gujarat, India |
|
Tel. No.: |
91-261-2656273/4/ 6544791/2/ 3299540/47 |
|
Fax No.: |
91-261-2656868 |
|
E-Mail : |
|
|
PAN No: |
AAJFS8455L |
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4916200 |
Equity Shares |
Rs.10/- each |
Rs.49.162 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 |
49.162 |
49.162 |
49.162 |
|
(b) Reserves & Surplus |
400.039 |
359.021 |
289.878 |
|
(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) |
449.201 |
408.183 |
339.040 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
21.334 |
8.461 |
26.887 |
|
(b) Deferred tax liabilities (Net) |
16.580 |
20.042 |
19.899 |
|
(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) |
37.914 |
28.503 |
46.786 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term borrowings |
14.862 |
0.000 |
0.050 |
|
(b) Trade payables |
15.466 |
20.770 |
9.276 |
|
(c) Other current liabilities |
14.620 |
16.052 |
55.583 |
|
(d) Short-term provisions |
15.111 |
19.941 |
10.834 |
|
Total
Current Liabilities (4) |
60.059 |
56.763 |
75.743 |
|
|
|
|
|
|
TOTAL |
547.174 |
493.449 |
461.569 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
218.320 |
241.588 |
199.310 |
|
(i) Tangible assets |
0.000 |
0.000 |
0.000 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
20.515 |
|
(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 |
23.648 |
11.868 |
11.868 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
91.248 |
47.746 |
35.989 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
333.216 |
301.202 |
267.682 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
22.849 |
20.329 |
10.658 |
|
(c) Trade receivables |
120.383 |
121.804 |
110.789 |
|
(d) Cash and cash equivalents |
53.616 |
17.486 |
31.784 |
|
(e) Short-term loans and advances |
16.723 |
17.219 |
38.909 |
|
(f) Other current assets |
0.387 |
15.409 |
1.747 |
|
Total
Current Assets |
213.958 |
192.247 |
193.887 |
|
|
|
|
|
|
TOTAL |
547.174 |
493.449 |
461.569 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
Income |
559.130 |
512.735 |
360.292 |
|
|
|
Other Income |
2.773 |
2.812 |
3.130 |
|
|
|
TOTAL |
561.903 |
515.547 |
363.422 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
TOTAL |
505.636 |
446.179 |
323.597 |
|
|
|
|
|
|
|
|
|
|
BEFORE TAX AND
EXCEPTIONAL ITEM |
56.267 |
69.368 |
39.825 |
|
|
|
|
|
|
|
|
|
Add |
EXCEPTIONAL ITEM
|
(3.015) |
10.094 |
(3.170) |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
53.252 |
79.462 |
36.655 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
12.234 |
10.319 |
1.035 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
41.018 |
69.143 |
35.620 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
-- |
-- |
0.000 |
|
|
|
Components & Spares parts |
-- |
-- |
0.068 |
|
|
|
Capital Goods |
-- |
-- |
0.894 |
|
|
TOTAL IMPORTS |
-- |
-- |
0.962 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
8.34 |
14.06 |
5.89 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
7.30
|
13.41 |
9.80 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.52
|
15.50 |
10.17 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.45
|
33.11 |
14.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.19 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.08
|
0.02 |
0.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.56
|
3.39 |
2.56 |
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 |
49.162 |
49.162 |
49.162 |
|
Reserves & Surplus |
289.878 |
359.021 |
400.039 |
|
Net
worth |
339.040 |
408.183 |
449.201 |
|
|
|
|
|
|
long-term borrowings |
26.887 |
8.461 |
21.334 |
|
Short term borrowings |
0.050 |
0.000 |
14.862 |
|
Total
borrowings |
26.937 |
8.461 |
36.196 |
|
Debt/Equity
ratio |
0.079 |
0.021 |
0.081 |
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 |
360.292 |
512.735 |
559.130 |
|
|
|
42.311 |
9.049 |
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 |
360.292 |
512.735 |
559.130 |
|
Profit |
35.620 |
69.143 |
41.018 |
|
|
9.89% |
13.49% |
7.34% |
LOCAL AGENCY FURTHER INFORMATION
NOTE:
The annual report
of 2013 is not readable as the printout of the same is blurred, due to some
technical issues. So we are not including Short term Borrowing Details and
Current Maturities in our report.
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
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) |
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances
from related parties |
|
|
|
From Directors and Shareholders |
21.334 |
8.461 |
|
|
|
|
|
Total |
21.334 |
8.461 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification
|
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10252125 |
10/11/2010 |
3,000,000.00 |
DIRECTOR OF INDUSTRIES HIMACHAL PRADESH SWCA) |
SINGLE WINDOW CLEARANCE SYSTEM (swca), BADDI, Himachal Pradesh -
173205, INDIA |
A98643919 |
|
2 |
10104663 |
16/05/2008 |
68,900,000.00 |
ORIENTAL BANK OF COMMERCE |
JASH MARKET, RING ROAD, SURAT, Gujarat - 395002, INDIA |
A39118294 |
|
3 |
10104673 |
16/05/2008 |
75,800,000.00 |
ORIENTAL BANK OF COMMERCE |
RING ROAD,, SURAT, Gujarat - 395002, INDIA |
A39120100 |
|
4 |
10072947 |
16/05/2008 * |
40,000,000.00 |
ORIENTAL BANK OF COMMERCE |
Jash Market,, Ring Road, Surat, Gujarat - 395002, INDIA |
A39119979 |
|
5 |
10072943 |
16/05/2008 * |
168,923,000.00 |
ORIENTAL BANK OF COMMERCE |
Jash Market, Ring Road, Surat, Gujarat - 395002, INDIA |
A39118427 |
|
6 |
10072944 |
20/09/2007 |
61,200,000.00 |
ORIENTAL BANK OF COMMERCE |
RING ROAD, SURAT, Gujarat - 395002, INDIA |
A25662784 |
|
7 |
90095511 |
19/09/1991 |
386,984.00 |
ORIENTAL BANK OF COMMERCE |
JASH TEXTILE & YARN MARKET; RING ROAD, SURAT, Gujarat, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Leasehold Land
- Computers and Accessories
- Factory Building
- Furniture and Fixtures
- Lab Equipment
- Moulds and Dies
- Office Equipments
- Plant and Machinery
- Vehicles
- Weighing Scale
- Land
- Factory Building
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.61.05 |
|
|
1 |
Rs.100.81 |
|
Euro |
1 |
Rs.84.18 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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.