MIRA INFORM REPORT
|
Report Date : |
07.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
COOPER PHARMA
LIMITED |
|
|
|
|
Registered
Office : |
12/12, Shakti Nagar, Delhi – 110007 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
02.02.1989 |
|
|
|
|
Com. Reg. No.: |
55-034902 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231DL1989PLC034902 |
|
|
|
|
IEC No.: |
0507060792 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELC06663G |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AABCC9493R |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Pharma Products. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 512000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be sound and
healthy. Profitability of the company is decent. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Yakesh Kumar |
|
Designation : |
Account Executive |
|
Contact No.: |
91-9811350276 |
|
Date : |
05.05.2014 |
LOCATIONS
|
Registered Office : |
12/12, Shakti Nagar, Delhi – 110007, India |
|
Tel. No. : |
91-11-23653404 |
|
Mobile No. : |
91-9811350276 (Mr. Yakesh
Kumar) |
|
Fax No. : |
91-11-23653540 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 sq. ft |
|
Location : |
Owned |
|
|
|
|
Branch Office/Factory : |
Plot No. 5, Nidhi Plaza, Secound Floor, Local Shopping Centre, Gulabi
Bagh, Shakti Nagar, New Delhi – 110 052, India |
|
Tel. No.: |
91-11-23653404 / 23653405 / 23653537 - 39 |
|
Mobile No.: |
91-9810348149 / 9810688849 |
|
Fax No.: |
91-11-23653540 |
|
Fax(US) : |
1-760-2284-5903 |
|
Area : |
2000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
C-3, Selaqui Industrial Area, |
|
Area : |
2 Acre |
|
Location : |
Owned |
DIRECTORS
As on 23.09.2013
|
Name : |
Mr. Rakesh Bhargava |
|
Designation : |
Managing Director |
|
Address : |
12/12, Shakti Nagar, Delhi – 110007, India |
|
Date of Birth/Age : |
28.05.1950 |
|
Date of Appointment : |
02.02.1989 |
|
DIN No. : |
00080635 |
|
|
|
|
Name : |
Ms. Lata Bhargava |
|
Designation : |
Director |
|
Address : |
12/12, Shakti Nagar, Delhi – 110007, India |
|
Date of Birth/Age : |
05.08.1952 |
|
Date of Appointment : |
02.02.1989 |
|
DIN No. : |
00080696 |
|
|
|
|
Name : |
Mr. Abhishek Bhargava |
|
Designation : |
Director |
|
Address : |
12/12, Shakti Nagar, Delhi – 110007, India |
|
Date of Birth/Age : |
16.07.1980 |
|
Date of Appointment : |
01.08.2009 |
|
DIN No. : |
00324159 |
|
|
|
|
Name : |
Mr. Pradeep Kumar |
|
Designation : |
Director |
|
Address : |
Pt. Raghuvir Singh Village Rangpuri Mahlpalpur, Delhi – 110037 |
|
Date of Birth/Age : |
01.07.1969 |
|
Date of Appointment : |
01.08.2009 |
|
DIN No. : |
02615073 |
|
Other Directorship : |
|
|
|
|
|
Name : |
Mhd Bassam Naassan |
|
Designation : |
Director |
|
Address : |
B-7/6, Khanna Building 2nd Floor, Vasant Vihar, Delhi –
110057, India |
|
Date of Birth/Age : |
26.08.1957 |
|
Date of Appointment : |
30.08.2012 |
|
DIN No. : |
03089839 |
|
|
|
|
Name : |
Mr. Ashok Kumar Pandey |
|
Designation : |
Director |
|
Address : |
VILL-Akrt, P.O. Kurahua, Varanasi - 221011, Uttar Pradesh, India |
|
Date of Birth/Age : |
07.03.1962 |
|
Date of Appointment : |
01.11.2010 |
|
DIN No. : |
03224154 |
|
|
|
|
Name : |
Mr. Abhijit Sengupta |
|
Designation : |
Director |
|
Address : |
Swamiji Park, Gangapur, PO- Duttapukur North 24 PGS – 743248, West
Bengal, India |
|
Date of Birth/Age : |
13.12.1974 |
|
Date of Appointment : |
07.06.2012 |
|
DIN No. : |
05298802 |
KEY EXECUTIVES
|
Name : |
Mr. Yakesh Kumar |
|
Designation : |
Account Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 23.09.2013
|
Names of Shareholders |
No. of Shares |
%age |
|
Rakesh Bhargava |
39549 |
39.55 |
|
Lata Bhargava |
40251 |
40.25 |
|
Ashish Bhargava |
160 |
0.16 |
|
Anil Bhargava |
10 |
0.01 |
|
Suresh Khandelwal |
10 |
0.01 |
|
Arjana Bhargava |
10 |
0.01 |
|
Abhishek Bargava |
20010 |
20.01 |
|
|
|
|
|
Total |
100000 |
100.00 |
As on 23.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
99.99 |
|
Other top fifty shareholders |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pharma Products. |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Cheque |
|
|
|
|
Purchasing : |
Cash and Cheque |
GENERAL INFORMATION
|
No. of Employees : |
100 (Approximately) |
||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
Ø Punjab National
Bank, 13, Alipur Road, Civil lines, New Delhi – 110054, Delhi, India Ø Small Industrial
Development Bank of India, SIDBI Tower, 15, Ashok Marg, Lucknow – 226001,
Uttar Pradesh, India |
||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
NOTE: SHORT TERM
BORROWINGS Ø Working capital facilities and packing credit facilities are repayable on demand and are secured against hypothecation of stock and debtors Ø Loans
and advance from related parties repayable on demand |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P. C. Bindal and Company Chartered Accountants |
|
Address : |
101, Sita Ram Mansion, 718/21, Joshi Road, Karol Bagh, New Delhi – 110005, India |
|
Tel. No. : |
91-11-23549822 / 23 |
|
Fax No. : |
91-11-23623829 |
|
E-Mail : |
|
|
PAN
No. : |
AAAFP9359H |
|
|
|
|
Associates/Subsidiaries : |
Dynamic Laboratories |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.100/- each |
Rs.30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 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 |
10.000 |
10.000 |
10.000 |
|
(b) Reserves & Surplus |
118.063 |
90.247 |
78.129 |
|
(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) |
128.063 |
100.247 |
88.129 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.198 |
3.651 |
7.723 |
|
(b) Deferred tax liabilities (Net) |
9.964 |
8.585 |
7.236 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
1.007 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
11.169 |
12.236 |
14.959 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
39.570 |
18.636 |
20.927 |
|
(b) Trade
payables |
40.054 |
37.940 |
25.379 |
|
(c) Other
current liabilities |
26.159 |
36.909 |
17.221 |
|
(d) Short-term
provisions |
7.540 |
2.511 |
3.072 |
|
Total Current
Liabilities (4) |
113.323 |
95.996 |
66.599 |
|
|
|
|
|
|
TOTAL |
252.555 |
208.479 |
169.687 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
80.246 |
74.174 |
68.815 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.177 |
2.108 |
0.045 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
80.423 |
76.282 |
68.860 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
48.184 |
31.559 |
22.477 |
|
(c) Trade
receivables |
63.944 |
64.134 |
58.619 |
|
(d) Cash
and cash equivalents |
40.523 |
18.225 |
1.721 |
|
(e) Short-term
loans and advances |
19.481 |
18.279 |
18.010 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
172.132 |
132.197 |
100.827 |
|
|
|
|
|
|
TOTAL |
252.555 |
208.479 |
169.687 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
202.723 |
139.014 |
129.426 |
|
|
|
Other Income |
0.986 |
0.029 |
0.037 |
|
|
|
TOTAL |
203.709 |
139.043 |
129.463 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
102.185 |
65.049 |
65.049 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(5.193) |
0.176 |
2.804 |
|
|
|
Employees benefits expense |
15.075 |
10.290 |
8.316 |
|
|
|
Other expenses |
47.947 |
42.161 |
31.091 |
|
|
|
TOTAL |
160.014 |
117.676 |
107.260 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
43.695 |
21.367 |
22.203 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
2.787 |
3.677 |
4.596 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
40.908 |
17.690 |
17.607 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.099 |
3.096 |
3.096 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
36.809 |
14.594 |
14.511 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
8.993 |
2.434 |
2.434 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
27.816 |
12.160 |
12.077 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export of goods on FOB Basis |
85.866 |
28.848 |
62.478 |
|
|
TOTAL EARNINGS |
85.866 |
28.848 |
62.478 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
278.16 |
120.77 |
120.77 |
|
|
Particulars |
|
|
31.03.2014 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
|
220.000 |
|
|
|
|
|
Expected Sales (2014-2015): Rs.250.000 Millions
The above information has been parted by Mr.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
13.65 |
8.75 |
9.33 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
18.16 |
10.50 |
11.21 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.57 |
7.00 |
8.55 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.15 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.31 |
0.22 |
0.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.52 |
1.38 |
1.51 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
78.129 |
90.247 |
118.063 |
|
Net
worth |
88.129 |
100.247 |
128.063 |
|
|
|
|
|
|
long-term borrowings |
7.723 |
3.651 |
0.198 |
|
Short term borrowings |
20.927 |
18.636 |
39.570 |
|
Total
borrowings |
28.650 |
22.287 |
39.768 |
|
Debt/Equity
ratio |
0.325 |
0.222 |
0.311 |
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 |
129.426 |
139.014 |
202.723 |
|
|
|
7.408 |
45.829 |
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 |
129.426 |
139.014 |
202.723 |
|
Profit |
12.077 |
12.160 |
27.816 |
|
|
9.33% |
8.75% |
13.72% |
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 |
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advance from related parties |
0.046 |
0.046 |
|
Loans and advance from other parties |
20.500 |
0.000 |
|
|
|
|
|
Total |
20.546 |
0.046 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10288438 |
26/04/2011 |
250,000.00 |
Punjab National Bank |
13, Alipur Road, Civil Lines, New Delhi, Delhi - |
B13546601 |
|
2 |
10047626 |
18/02/2013 * |
50,000,000.00 |
Punjab National Bank |
13, Alipur Road, Civil Lines, New Delhi, Delhi - |
B70790324 |
|
3 |
10002287 |
28/03/2006 |
30,000,000.00 |
SMALL INDUSTRIES DEVELOPMNT BANK OF INDIA |
SIDBI TOWER, 15, ASHOK MARG, LUCKNOW, Uttar Pradesh - 226001, INDIA |
A00346981 |
* Date of charge modification
FIXED ASSETS
œ Factory Building
œ Plant and Machinery
œ Furniture and Fixture
œ Office equipment
œ Data Processing System
œ 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.60.20 |
|
|
1 |
Rs.101.67 |
|
Euro |
1 |
Rs.83.55 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
48 |
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.