MIRA INFORM REPORT
|
Report Date : |
08.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
KERAKOLL INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Office No. 202, A-Wing, Business Square , Solitaire Park,
Opposite Apple Heritage, Andheri Kurla Road, Chakala Andheri (East),
Mumbai – 400093, Maharashtra |
|
|
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|
Country : |
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Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
21.11.2006 |
|
|
|
|
Com. Reg. No.: |
11-165693 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.37.500
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH2006FTC165693 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK16233A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCK9331M |
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|
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|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
The company is into business of trading of building and construction
materials. |
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|
|
|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1621000 |
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|
|
|
Status : |
Satisfactory |
|
|
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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 satisfactory track record. There seems sharp dip in the profit of the company during 2014 however
net worth of the company is satisfactory. General financial position of the
company is normal and acceptable doe business dealing. Trade relations are reported as fair. Business is active. Payment
terms are reported to be slow but 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.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
Verdict Implications:
Apex court order may alter coal import dynamics. Traders go slowly on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn Business Empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M a M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest Euro
100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that it had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
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
31-03-2014.
INFORMATION DENIED
Management Non Co-Operative (Tel No.: 91-22-26735711)
LOCATIONS
|
Registered Office / Headquarter : |
Office No. 202, A-Wing, Business Square , Solitaire Park,
Opposite Apple Heritage, Andheri Kurla Road, Chakala Andheri (East),
Mumbai – 400093, Maharashtra, India |
|
Tel. No.: |
91-22-26733711 / 26735711/ 32679759 / 28395593 |
|
Helpline No.: |
1800-200-6550 |
|
Fax No.: |
91-22-26733717 / 28395583 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.09.2014
|
Name : |
Gian Luca Sghedoni |
|
Designation : |
Director |
|
Address : |
Viale Della, Pace No. 241, Sassuolo Mo, Sassuolo, Italy- 41049 |
|
Date of Birth/Age : |
18.02.1967 |
|
Date of Appointment : |
29.09.2010 |
|
DIN No.: |
03108652 |
|
|
|
|
Name : |
Sghedoni Fabio |
|
Designation : |
Director |
|
Address : |
Viale Della, Pace No. 243, Sassuolo, Italy- 40049 |
|
Date of Birth/Age : |
10.09.1964 |
|
Date of Appointment : |
21.11.2006 |
|
DIN No.: |
00626507 |
|
|
|
|
Name : |
Sghedoni Fabio |
|
Designation : |
Director |
|
Address : |
Viale Della, Pace No. 243, Sassuolo, Italy- 40049 |
|
Date of Birth/Age : |
10.09.1964 |
|
Date of Appointment : |
21.11.2006 |
|
DIN No.: |
00626507 |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Kerakoll S.P.A., Italy |
|
18035799 |
|
Sghedoni Fabio |
|
1 |
|
Total |
|
18035800 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is into business of trading of building and construction
materials. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by management |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
KBJ and Associates Chartered Accountants |
|
Address : |
C-202, Gajlaxmi Apartment, Behind Shriram Industrial Estate, Andheri
East, Mumbai – 400 069, Maharashtra, India |
|
PAN No.: |
AACPJ4827A |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18035800 |
Equity Shares |
Rs.10/- each |
Rs.180.358 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18035800 |
Equity Shares |
Rs.10/- each |
Rs.180.358 Millions |
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18035800 |
Equity Shares |
Rs.10/- each |
Rs.180.358 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3750000 |
Equity Shares |
Rs.10/- each |
Rs.37.500 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
37.500 |
10.000 |
10.000 |
|
(b) Reserves & Surplus |
279.781 |
4.723 |
1.736 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
250.002 |
13.950 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
567.283 |
28.673 |
11.736 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
1.852 |
1.697 |
1.155 |
|
Total Non-current
Liabilities (3) |
1.852 |
1.697 |
1.155 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
264.890 |
167.579 |
96.610 |
|
(c) Other
current liabilities |
21.749 |
14.487 |
5.347 |
|
(d) Short-term
provisions |
0.270 |
3.551 |
0.649 |
|
Total Current
Liabilities (4) |
286.909 |
185.617 |
102.606 |
|
|
|
|
|
|
TOTAL |
856.044 |
215.987 |
115.497 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
145.665 |
4.212 |
3.234 |
|
(ii)
Intangible Assets |
1.657 |
2.786 |
0.060 |
|
(iii)
Capital work-in-progress |
263.805 |
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) |
0.966 |
1.743 |
3.728 |
|
(d) Long-term Loan and Advances |
8.605 |
2.991 |
3.532 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
420.698 |
11.732 |
10.554 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
81.304 |
67.947 |
42.914 |
|
(c) Trade
receivables |
103.514 |
103.595 |
42.062 |
|
(d) Cash
and cash equivalents |
235.909 |
21.467 |
6.807 |
|
(e)
Short-term loans and advances |
13.679 |
10.929 |
10.058 |
|
(f) Other current
assets |
0.940 |
0.317 |
0.102 |
|
Total
Current Assets |
435.346 |
204.255 |
101.943 |
|
|
|
|
|
|
TOTAL |
856.044 |
215.987 |
112.497 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
403.997 |
284.804 |
172.859 |
|
|
|
Other Income |
8.495 |
0.563 |
NA |
|
|
|
TOTAL |
412.492 |
285.367 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
408.741 |
276.248 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
3.751 |
9.119 |
NA |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
2.726 |
2.825 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
1.025 |
6.294 |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.967 |
3.308 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
0.058 |
2.986 |
(11.713) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4.723 |
1.737 |
13.450 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
4.781 |
4.723 |
1.737 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.003 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.01 |
1.05 |
(6.78) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.17 |
2.94 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.22 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.52 |
1.10 |
0.99 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs. In
Millions |
|
Share Capital |
10.000 |
10.000 |
37.500 |
|
Reserves & Surplus |
1.736 |
4.723 |
279.781 |
|
Share Application money pending allotment |
0.000 |
13.950 |
250.002 |
|
Net
worth |
11.736 |
28.673 |
567.283 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
172.859 |
284.804 |
403.997 |
|
|
|
64.761 |
41.851 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
172.859 |
284.804 |
403.997 |
|
Profit |
-11.713 |
2.986 |
0.058 |
|
|
-6.78% |
1.05% |
0.01% |
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 |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
No |
|
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 |
No |
|
24] |
Banking facility details |
No |
|
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 |
CORPORATE
INFORMATION
Subject is a wholly subsidiary of Kerakoll SPA. Established with the
main object of marketing the products of the parent company in India.
The company is into business of trading of building and construction
materials. The company has acquired land in Gujarat Industrial Corporation,
Baroda for setting the manufacturing plant.
OPERATING RESULTS:
During the year the company’s turnover is Rs.403.998 Millions (Previous
Year Rs.284.804 Millions). The company has made a profit after tax of Rs.0.058
Millions (Previous Year Rs.2.986 Millions). The company is slowly but capturing
the market and reaching far ends to increase the clientele.
NO CHARGES EXIST
FOR THE COMPANY
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
PRESS RELEASES
KERAKOLL4TALENT, THE START OF A CAMPAIGN THAT AIMS
TO CREATE A HOTHOUSE FOR FUTURE MANAGERS
10 March 2014
KERAKOLL: The CEO Gian Luca Sghedoni puts his money where his mouth is, and
launches a made-to-measure Adv campaign with a strong message “I’m hiring and
investing in young people. I’m looking for graduates under 26, with no
experience but lots of talent, to start a career as international managers”.
To strengthen its presence on foreign markets – currently Kerakoll has
an export share of 40% out of a total turnover of 340 million Euro, and is
present in the form of subsidiaries in 12 different Countries – the company has
started an employment scheme for newly graduated young talents with high growth
potential, using an innovative recruitment campaign.
The project, known as Kerakoll4talent, is strongly backed by
Gian Luca Sghedoni, Ceo Kerakoll, to find, train and enhance the value of the
best young talents, to start them on a career as international managers.
“For us, Kerakoll4talent is a hothouse for future managers – states Gian
Luca Sghedoni, Ceo of Kerakoll Spa – and I am looking for the people nobody is
interested in: young, newly graduated kids with no experience but bags of
talent. For years now – continues Sghedoni – I have been looking for talent.
Always. Because I believe that the greatness of a company is directly
proportional to the values and professionalism of the people that form it.
Kerakoll4talent is my vision of training the next generation of Kerakoll
managers, who will have the task of feeding our corporate culture and passing
it on. I have always considered time dedicated to finding and selecting talents
time very well spent, because I am convinced that, when they are special, it is
people who make the difference and make everything possible. Having faith and
allowing the best that surrounds you to emerge, looking at things not just for
what they are but for what they might become has helped me build a successful
company. I believe in young people and in their ability to break out of the
mould, to be driven by passion and to think differently, and I have made this
difference into a philosophy of life and work.”
THE AIM OF KERAKOLL4TALENT IS TO HIRE AND PROVIDE 5
YEARS TRAINING FOR YOUNG TALENTS TO BE STARTED ON A CAREER AS INTERNATIONAL
MANAGERS
Kerakoll is looking for talented young people under 26, to be cultivated
and made to grow, so as to create the next generation of managers. The
requisites are: a degree in economics, management, marketing, management,
engineering, no experience, perfect knowledge of English. Determination,
passion and attitude will make the difference.
How will these future managers be prepared: first we hire them, then we train
them, here at Kerakoll everything is different With the Kerakoll4talent project
the company is growing the next generation of managers in house, looking for
motivated, responsible young people with a culture for work, who are not afraid
of challenging themselves. The selection process is a hard one, but those who
make it will be hired to grow professionally through a five-year training
program. An intense, exciting period dense with managerial experience, during
which the candidates will gain the skills necessary to become a manager at the
head of the company.
·
6 months of technical training on the products,
market analysis and analysis of customer types
·
12 months in the field in a technical-sales
capacity
·
6 months as a Junior Area Manager
·
24 months as an Area Manager managing a turnover of
5-8 million Euro, with responsibilities in the sales and technical, credit,
marketing and human resources areas.
·
12 months in the International Business Department
with an operative role in management, marketing and production on foreign
markets.
At the end of the training program these young men and women will start
out on their career as international managers either in a Kerakoll subsidiary
abroad or to open new branches.
Led by Gian Luca Sghedoni with an innovative
vision that combines business and social responsibility, Kerakoll is the only
company in the world to provide a global GreenBuilding solution that aims at
designing, building, and living in harmony with the environment and in healthy
spaces. GreenBuilding is the new construction method promoted with success by
Kerakoll world-wide, which is based on innovative biomedical, materials
technology and environmental impact studies that are carried out within the
futuristic Kerakoll GreenLab, the most advanced building sector Research
Facility in the world. Kerakoll has always dedicated its best resources,
amounting to 5.4% of its annual turnover, to green research.
In 2013 the Group had a turnover of
340 million Euros, it employs 1,350 people with an average age of 35, and
operates globally through 12 operating companies and 10 manufacturing plants.
Kerakoll has been Technical Supplier
for important architectural works, including: The Green Point Stadium in Cape
Town, the European Court of Human Rights in Strasbourg, the Innova Design
Center in Houston, the World Trade Center in Manama, the Allianz Arena in
Munich, the Maxxi Museum in Rome, New Delhi International Airport, the Olympic
Bird’s Nest Stadium in Beijing the Colosseum in Rome, the Arena in Verona,
Palazzo Pitti in Florence and the Reggia di Venaria Reale.
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.61.41 |
|
|
1 |
Rs.98.00 |
|
Euro |
1 |
Rs.76.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
41 |
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.