MIRA INFORM REPORT
|
Report Date : |
17.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
MICRO-TECH CNC PRIVATE LIMITED |
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Registered
Office : |
No.68/1, Fort Street, Attibele, Anekal Taluka, Bangalore-562107,
Karnataka |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
24.04.1995 |
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Com. Reg. No.: |
08-017661 |
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Capital
Investment / Paid-up Capital : |
Rs. 20.000 Millions |
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CIN No.: [Company Identification
No.] |
U85110KA1995PTC017661 |
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IEC No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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PAN No.: [Permanent Account No.] |
Not Divulged |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Diesel Engine Components and Automobile Components. |
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No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. General financial position of the company is normal and acceptable for
business dealing. Trade relations are reported as fair. Business is active. Payment
terms 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.
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 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow 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.
EXTERNAL AGENCY RATING
Not Available
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 PARTED BY
|
Name : |
Mr. Murugan |
|
Designation : |
Account Department |
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Contact No.: |
91-9487800112 |
|
Date : |
13.11.2014 |
LOCATIONS
|
Registered Office : |
No.68/1, Fort Street, Attibele, Anekal Taluka, Bangalore-562107,
Karnataka, India |
|
Tel. No.: |
91-4344-260408 |
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Mobile No.: |
91-9487800112 (Mr. Murugan) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Factory : |
Plot No 16-E, Sipcot, Phase-II, Hosur - 635109 , Tamilnadu, India |
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Tel. No.: |
91-4344-260408/ 260307 |
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Fax No.: |
91-4344-260409 |
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DIRECTORS
AS ON 23.09.2013
|
Name : |
Mr. Govindaswamy Muralibabu |
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Designation : |
Whole Time Director |
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Address : |
A-100, Sipcot Housing Colony, Krishnagiri, Hosur-635126, Tamilnadu,
India |
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Date of Birth/Age : |
09.05.1962 |
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Date of Appointment : |
24.04.1995 |
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DIN No.: |
01834887 |
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Other
Directorship:
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Name : |
Mr. Pulikkottil Johnsonpaul |
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Designation : |
Whole Time Director |
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Address : |
No.147, Sipcot Colony, Krishnagiri, Hosur-635126, Tamilnadu,
India |
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Date of Birth/Age : |
09.03.1964 |
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Date of Appointment : |
24.04.1995 |
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DIN No.: |
01843437 |
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Other
Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Murugan |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS
As on 23.09.2013
|
Names of Shareholders |
No. of Shares |
|
G Murali Babu |
770000 |
|
PJohnson Paul |
770000 |
|
P. T. Paul |
55000 |
|
G. Revathi Ammal |
55000 |
|
M. Saraswathi |
140000 |
|
J. Irene Paul |
175000 |
|
G. Gowri |
35000 |
|
Total |
2000000 |
As on 23.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Diesel Engine Components and Automobile Components. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
USA County |
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Imports : |
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Products : |
Raw Material |
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Countries : |
China Country |
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Terms : |
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Selling : |
Cash and Cheque |
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Purchasing : |
Cash and Cheque |
PRODUCTION STATUS (AS ON 31.03.2012)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Diesel Engine |
Nos |
3500000 |
3637102 |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
200 (Approximately) |
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Bankers : |
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Facilities : |
Long Term Borrowing
(Secured By Hyphothicationl Mortgage of Motor Car of the Company) Terms of Repayment: Term Loan from Kotak Mahindra Finance outstanding Rs.0.313 (Previous Year Rs. 0.559) is repayable in 36 montly instalment out of whichRs. 0.097 Millions for 12 Months, 0.088 Millions for 12 Months and 0.022 Millions for Last 12 Months including interest @ 7.5% from July 2010 And being paid regularly. SHORT TERM
BORROWINGS (Secured By Book Debts and Stock in Trade Situated at Factory along with factory Land, Building and Machinery. ALL these assets hyphothecated commanly for Term Loan and Working Capital) |
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Auditors : |
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Name : |
M S Raj and Company Chartered Accountants |
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Address : |
No.A-41/1, TNHB, Bagalur Hudco, Hosur-635109, Tamilnadu, India |
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PAN No.: |
AFOPS9775B |
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 23.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3500000 |
Equity Shares |
Rs.10/- each |
Rs.35.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
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|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
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After as on:
23.09.2013
Authorised Capital : Rs. 45.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 25.300
Millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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I.
EQUITY AND LIABILITIES |
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|
(1)Shareholders' Funds |
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|
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(a) Share Capital |
20.000 |
20.000 |
20.000 |
|
(b) Reserves &
Surplus |
33.931 |
25.384 |
18.485 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
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(2) Share Application
money pending allotment |
4.300 |
0.000 |
0.000 |
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Total Shareholders’ Funds
(1) + (2) |
58.231 |
45.384 |
38.485 |
|
|
|
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(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
19.367 |
40.215 |
48.645 |
|
(b) Deferred tax
liabilities (Net) |
2.249 |
2.456 |
2.469 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
2.120 |
0.873 |
0.000 |
|
Total Non-current
Liabilities (3) |
23.736 |
43.544 |
51.114 |
|
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(4) Current Liabilities |
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|
|
(a) Short term borrowings |
45.426 |
59.700 |
39.794 |
|
(b) Trade payables |
34.806 |
21.919 |
14.602 |
|
(c) Other current
liabilities |
10.570 |
14.101 |
19.445 |
|
(d) Short-term provisions |
8.230 |
8.831 |
5.189 |
|
Total Current Liabilities
(4) |
99.032 |
104.551 |
79.030 |
|
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|
|
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TOTAL |
180.999 |
193.479 |
168.629 |
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II.
ASSETS |
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|
(1) Non-current assets |
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|
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(a) Fixed Assets |
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|
|
(i) Tangible assets |
109.209 |
110.027 |
107.618 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.407 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.050 |
0.051 |
0.050 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.620 |
1.453 |
1.403 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
111.286 |
111.531 |
109.071 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
19.850 |
17.965 |
13.503 |
|
(c) Trade receivables |
36.818 |
38.062 |
24.859 |
|
(d) Cash and cash
equivalents |
0.886 |
6.692 |
3.626 |
|
(e) Short-term loans and
advances |
12.159 |
19.229 |
17.570 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
69.713 |
81.948 |
59.558 |
|
|
|
|
|
|
TOTAL |
180.999 |
193.479 |
168.629 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
255.826 |
220.438 |
125.315 |
|
|
Other Income |
3.437 |
1.560 |
0.872 |
|
|
TOTAL (A) |
259.263 |
221.998 |
126.187 |
|
|
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Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
120.309 |
100.925 |
48.465 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(2.836) |
3.802 |
(3.910) |
|
|
Employees benefits
expense |
35.452 |
29.955 |
20.265 |
|
|
Other expenses |
64.362 |
45.249 |
29.505 |
|
|
TOTAL (B) |
217.287 |
179.931 |
94.325 |
|
|
|
|
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|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
41.976 |
42.067 |
31.862 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
16.668 |
19.248 |
16.278 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
25.308 |
22.819 |
15.584 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
12.721 |
12.107 |
10.422 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
12.587 |
10.712 |
5.162 |
|
|
|
|
|
|
|
Less |
TAX (H) |
4.040 |
3.813 |
1.688 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
8.547 |
6.899 |
3.474 |
|
|
|
|
|
|
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|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Product Sales |
115.407 |
20.123 |
13.871 |
|
|
TOTAL EARNINGS |
115.407 |
20.123 |
13.871 |
|
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|
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|
IMPORTS |
|
|
|
|
|
Raw Materials |
27.348 |
14.172 |
0.441 |
|
|
Store and Spares |
0.745 |
0.077 |
0.056 |
|
|
Plant and Machinery |
6.302 |
0.000 |
16.254 |
|
|
TOTAL IMPORTS |
34.395 |
14.249 |
16.751 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
4.27 |
3.45 |
1.74 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
3.34 |
3.13 |
2.77 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
16.41 |
19.08 |
25.43 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.97 |
5.54 |
3.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.24 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.11 |
2.20 |
2.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.70 |
0.78 |
0.75 |
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 |
20.000 |
20.000 |
20.000 |
|
Reserves & Surplus |
18.485 |
25.384 |
33.931 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
4.300 |
|
Net worth |
38.485 |
45.384 |
58.231 |
|
|
|
|
|
|
long-term borrowings |
48.645 |
40.215 |
19.367 |
|
Short term borrowings |
39.794 |
59.700 |
45.426 |
|
Total borrowings |
88.439 |
99.915 |
64.793 |
|
Debt/Equity ratio |
2.298 |
2.202 |
1.113 |
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 |
125.315 |
220.438 |
255.826 |
|
|
|
75.907 |
16.053 |
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 |
125.315 |
220.438 |
255.826 |
|
Profit |
3.474 |
6.899 |
8.547 |
|
|
2.77% |
3.13% |
3.34% |
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 |
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 |
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 |
PERFORMANCE REVIEW
During the year under consideration of 2012-13 the company made a turnover of Rs.255.826 Millions and earned a Profit of Rs.12.587 Millions after charging depreciation of Rs.12.721 Millions. However efforts are being made for further better performance in the coming year.
FINANCE
The company is enjoying term loam and working capital facilities of Rs.35.000 Millions and Rs.47.500 Millions respectively from City Union Bank, Hosur Branch. However, term loan outstanding as on 31st March 2013 is Rs.29.467 Millions and repayment against term loan is being paid regularly. Further as against fabrication orders are being executed against LC issued by the customer. However on the basis of LC, the working capital adhoc loan is being availed then and there for short period and there is no outstanding at the year end.
VIEW INDEX OF
CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10074357 |
19/04/2014 * |
169,150,000.00 |
CITY UNION BANK LIMITED |
NO.12, FIRST FLOOR, SRI KRISHNA COMPLEX, TANK STREET, HOSUR, Tamil Nadu - 635109, INDIA |
C07262199 |
|
2 |
10030009 |
11/11/2005 |
2,000,000.00 |
INDIAN OVERSEAS BANK |
KUMUDEPALLI BRANCH, HOSUR, Tamil Nadu - 635109, INDIA |
A08559593 |
|
3 |
90198220 |
08/11/2003 * |
6,575,000.00 |
INDIAN OVERSEAS BANK |
KUMUDEPALLI BRANCH, KUMUDEPALLI, Karnataka, INDIA |
- |
|
4 |
80018762 |
16/07/2004 * |
10,075,000.00 |
INDIAN OVERSEAS BANK |
KUMUDEPALLI BRANCH,
HOSUR EAST, HOSUR, Tamil Nadu |
- |
|
5 |
90197071 |
22/08/1996 |
500,000.00 |
APPLE CREDIT CORPORATION LTD. |
APPLE HOUSE; 64, CATHEDREL ROAD, MADRAS, Tamil Nadu - 600086, INDIA |
- |
|
6 |
90197003 |
31/12/1999 * |
1,800,000.00 |
THE SOUTH INDIAN BANK LTD. |
JAYANAGAR BRANCH, BANGALORE, Karnataka, INDIA |
- |
|
7 |
90197001 |
30/12/1998 * |
1,300,000.00 |
THE SOUTH INDIAN BANK LIMITED |
JAYANAGAR BRANCH, BANGLORE, Karnataka, INDIA |
- |
|
8 |
90196976 |
05/02/1996 |
700,000.00 |
APPLE CREDIT CORPORATION LTD. |
APPLE HOUSE, 64; CATHEDRAL ROAD, MADRAS, Tamil Nadu - 600086, INDIA |
- |
|
9 |
90196289 |
23/01/1996 |
4,556,200.00 |
THE TAMIL NADU INDUSTRIAL INVESTMENT CORPORATION LTD. |
`ARULMANAI', 27; WHITES
ROAD, MADRAS, Tamil Nadu |
- |
|
10 |
90196972 |
23/01/1996 |
8,200,000.00 |
STATE INDUSTRIES PROMOTION CORPORATION OF TAMILNADU LIMITED |
91-A, RUKMANI
LAKSHMIPATHY ROAD; EGMORE, MADRAS, |
- |
* Date of charge modification
FIXED ASSETS
- Land
- Building
- Marketing
Office
- Plant and
Machinery
- Electrification
- Generator Set
- Furniture and
Fittings
- Tools and
Fixtures
- Office
Equipments
- Computer
- Motor Cars
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. 61.64 |
|
|
1 |
Rs. 96.54 |
|
Euro |
1 |
Rs. 76.69 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TRU |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.