MIRA
INFORM REPORT
|
Report Date : |
10.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
MAIL ORDER SOLUTIONS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
403-407, Raheja Plaza, CTS-844-15B, Shah Industrial Estate, Opposite
Yashraj Studio, Veer Desai Road, Andheri (West), Mumbai-400058,
Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
01.06.2007 |
|
|
|
|
Com. Reg. No.: |
11-171248 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.24.274
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72300MH2007PTC171248 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM32651D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCM1946B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing end-to-end integrated solution offering world class Print Production,
International Postal and Distribution Services. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 770000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having satisfactory track. 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.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
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
As per the latest IMF study, the total weigh of emerging markets in the GDP
of the world on a purchasing power parity basis has seen a sizeable shift. It
highlights how as against 51 % in 2005, the emerging economies now account for
close to 56 % of the global purchasing power GDP as per the latest survey. And
with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets including
equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate
outperformed every other asset classes during the 23-year period with an
annualized return of 20 % ! Equities came in second with annualized return of
15.5 % ! However, while these returns may seem mouthwatering, the fact is that
the return from equities adjusted for inflation came down to just 7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
.
. Ukrain’s clashes with rebels hinder MH17 crash investigation
.
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term loans = BBB |
|
Rating Explanation |
Moderate degree of safety. It carry moderate credit risk. |
|
Date |
July, 2014 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Anil Jadhav |
|
Designation : |
Senior Accountancy |
|
Contact No.: |
91-22-40330000 |
|
Date : |
03.09.2014 |
LOCATIONS
|
Registered Office : |
403-407, Raheja Plaza, CTS-844-15B, Shah Industrial Estate, Opposite Yashraj
Studio, Veer Desai Road, Andheri (West), Mumbai-400058, Maharashtra, India |
|
Tel. No.: |
91-22-40330000 |
|
Fax No.: |
91-22-40330100 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Head Office: |
162, B Windermere, Building No. 2, Oshiwara, Off New Link Road,
Andheri (West), Mumbai-400053, Maharashtra, India |
|
Tel No.: |
91-22-40330000 |
|
Fax No.: |
91-22-40330100 |
|
Email: |
|
|
|
|
|
Corporate Office : |
406, |
|
Tel. No.: |
91-22-40330000 |
|
Fax No.: |
91-22-40330100 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Plot No. 6 and 7, Moti Udyog Nagar, |
|
Tel. No.: |
91-22-42118000 |
|
Fax No.: |
91-22-42118080 |
|
|
|
|
Warehouse: |
32R/H, Shree Laxmi Vijay Co-Operative Society Limited, Off New |
|
|
|
|
|
575, Madison Avenue, |
|
Tel. No.: |
+ 1-212-6050115 |
|
Fax No.: |
+ 1-212-7510461 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Mehul Arvind Desai |
|
Designation : |
Director |
|
Address : |
162 B-Wing, 16th Floor, Windermere, Building No. 2, Oshiwara,
Off New |
|
Date of Birth/Age : |
10.11.1963 |
|
Date of Appointment : |
01.06.2007 |
|
Din No.: |
01407954 |
|
|
|
|
Name : |
Mrs. Nivedita Arvindbhai Desai |
|
Designation : |
Director |
|
Address : |
162 B-Wing, 16th Floor, Windermere, Building No. 2,
Oshiwara, Off New |
|
Date of Birth/Age : |
12.02.1939 |
|
Date of Appointment : |
01.06.2007 |
|
Din No.: |
01418572 |
KEY EXECUTIVE
|
Name : |
Mr. Anil Jadhav |
|
Designation : |
Senior Accountancy |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Mehul Arvind Desai |
|
2427379 |
|
Nivedita Arvindbhai Desai |
|
1 |
|
|
|
|
|
Total |
|
2427380 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing end-to-end integrated solution offering world class Print
Production, International Postal and Distribution Services. |
|
Exports : |
|
|
Countries : |
·
·
|
|
|
|
|
Imports : |
|
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cheuqe |
|
|
|
|
Purchasing : |
Cheuqe (30 days / 60 days) |
GENERAL INFORMATION
|
Supplier : |
·
Shambhulal A Shah and Company ·
KCT Trading Private Limited |
|||||||||||||||||||||||||||
|
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|
|||||||||||||||||||||||||||
|
Customers: |
·
Kserve ·
Datamatics ·
BDK ·
Obubble ·
The Marketing Group ·
Chanel ·
Greystone ·
Financial Technologies ·
The Economist ·
The Leela |
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
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Bankers : |
· Yes Bank Limited · City Bank |
|||||||||||||||||||||||||||
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|||||||||||||||||||||||||||
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Facilities : |
|
|
Financial Institution: |
Religare Finvest Limited, D3, P3B, District Centre, Saket, New
Delhi-110017, |
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|
|
|
|
|
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Bhavesh R Dalal and Company Chartered Accountants |
|
Address : |
40, Geeta, 135/138, |
|
Mobile No.: |
91-9821052620 |
|
Pan No.: |
AABPD4208N |
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|
|
|
Sister Concern : |
Regency Direct Marketing |
CAPITAL STRUCTURE
AFTER 3.09.2013
Authorised Capital : Rs.100.000
Millions
Issued, Subscribed & Paid-up Capital : Rs.44.274 Millions
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3,000,000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2,427,380 |
Equity Shares |
Rs.10/- each |
Rs.24.274
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 |
24.274 |
24.274 |
24.274 |
|
(b) Reserves & Surplus |
167.540 |
122.853 |
102.217 |
|
(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) |
191.814 |
147.127 |
126.491 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
72.088 |
141.935 |
117.309 |
|
(b) Deferred tax liabilities
(Net) |
1.324 |
2.454 |
4.423 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
2.681 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
76.093 |
144.389 |
121.732 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
246.486 |
130.608 |
216.616 |
|
(b) Trade payables |
45.052 |
86.356 |
50.032 |
|
(c) Other current liabilities |
2.978 |
6.778 |
5.640 |
|
(d) Short-term provisions |
146.518 |
41.336 |
12.633 |
|
Total
Current Liabilities (4) |
441.034 |
265.078 |
284.921 |
|
|
|
|
|
|
TOTAL |
708.941 |
556.594 |
533.144 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
261.260 |
271.111 |
292.501 |
|
(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 |
1.560 |
1.563 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
23.322 |
22.386 |
21.690 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
286.142 |
295.060 |
314.191 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
6.666 |
5.531 |
71.787 |
|
(b) Inventories |
19.395 |
26.039 |
14.817 |
|
(c) Trade receivables |
321.234 |
181.999 |
108.882 |
|
(d) Cash and cash equivalents |
53.681 |
9.166 |
0.840 |
|
(e) Short-term loans and
advances |
21.168 |
36.360 |
19.777 |
|
(f) Other current assets |
0.655 |
2.439 |
2.850 |
|
Total
Current Assets |
422.799 |
261.534 |
218.953 |
|
|
|
|
|
|
TOTAL |
708.941 |
556.594 |
533.144 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
921.317 |
649.144 |
546.292 |
|
|
Other Income |
14.644 |
7.248 |
11.499 |
|
|
TOTAL
|
935.961 |
656.392 |
557.791 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
|
789.629 |
530.091 |
456.680 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
146.332 |
126.301 |
101.111 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
35.297 |
46.202 |
39.974 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
111.035 |
80.099 |
61.137 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
40.913 |
46.347 |
43.964 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
70.122 |
33.752 |
17.173 |
|
|
|
|
|
|
|
Less |
TAX |
23.970 |
11.331 |
4.664 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
46.152 |
22.421 |
12.509 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
122.852 |
102.217 |
91.158 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Dividend |
1.411 |
1.411 |
1.415 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
167.540 |
122.852 |
102.217 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
574.714 |
499.077 |
|
|
TOTAL
EARNINGS |
NA |
574.714 |
499.077 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
19 |
9.23 |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
4.93 |
3.42 |
2.24 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.61 |
5.20 |
3.14 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.91 |
6.08 |
3.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.37 |
0.23 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.66 |
1.85 |
2.64 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.96 |
0.99 |
0.77 |
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 |
24.274 |
24.274 |
24.274 |
|
Reserves & Surplus |
102.217 |
122.853 |
167.540 |
|
Net
worth |
126.491 |
147.127 |
191.814 |
|
|
|
|
|
|
long-term borrowings |
117.309 |
141.935 |
72.088 |
|
Short term borrowings |
216.616 |
130.608 |
246.486 |
|
Total
borrowings |
333.925 |
272.543 |
318.574 |
|
Debt/Equity
ratio |
2.640 |
1.852 |
1.661 |
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 |
546.292 |
649.144 |
921.317 |
|
|
|
18.827 |
41.928 |
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 |
546.292 |
649.144 |
921.317 |
|
Profit |
12.509 |
22.421 |
46.152 |
|
|
2.29% |
3.45% |
5.01% |
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 |
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 |
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 |
Yess |
|
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 |
Ye |
UNSECURED LOANS
|
Particulars |
As
on 31.03.2013 [Rs.
in Millions] |
As
on 31.03.2012 [Rs.
in Millions] |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans from Shareholders |
0.894 |
12.060 |
|
Total |
0.894 |
12.060 |
VIEW INDEX OF
CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10379550 |
16/04/2014 * |
90,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA,, DR. |
C05355409 |
|
2 |
10364811 |
27/06/2012 |
8,500,000.00 |
RELIANCE CAPITAL
LTD |
"H"
BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE C ITY, KOPARKHAIRNE, NAVI MUMBAI,MAHARASHTRA
- 400710, |
B43337823 |
|
3 |
10312200 |
14/10/2011 |
73,234.00 |
RELIGARE FINVEST
LIMITED |
D3, P3B,,
DISTRICT CENTRE, SAKET, |
B23269160 |
|
4 |
10312211 |
14/10/2011 |
114,293.00 |
RELIGARE FINVEST
LIMITED |
D3, P3B,,
DISTRICT CENTRE, SAKET, |
B23270218 |
|
5 |
10312208 |
14/10/2011 |
131,646.00 |
RELIGARE FINVEST
LIMITED |
D3, P3B,,
DISTRICT CENTRE, SAKET, |
B23270077 |
|
6 |
10312195 |
14/10/2011 |
142,567.00 |
RELIGARE FINVEST
LIMITED |
D3, P3B,,
DISTRICT CENTRE, SAKET, |
B23266802 |
|
7 |
10312203 |
14/10/2011 |
149,126.00 |
RELIGARE FINVEST
LIMITED |
D3, P3B,, DISTRICT
CENTRE, SAKET, |
B23269558 |
|
8 |
10312199 |
14/10/2011 |
168,812.00 |
RELIGARE FINVEST
LIMITED |
D3, P3B,,
DISTRICT CENTRE, SAKET, |
B23268691 |
|
9 |
10312197 |
14/10/2011 |
270,014.00 |
RELIGARE FINVEST
LIMITED |
D3, P3B,,
DISTRICT CENTRE, SAKET, |
B23268154 |
|
10 |
10312206 |
14/10/2011 |
440,287.00 |
RELIGARE FINVEST
LIMITED |
D3, P3B,,
DISTRICT CENTRE, SAKET, |
B23269913 |
* Date of charge modification
NOTE:
The registered office of the company has been shifted from Flat No. 162,
16th Floor, Building No. 2B, Windermere Off New Link Road, Andheri
(West), Mumbai – 400053,
FIXED ASSETS:
·
Computer
·
Office Equipments
·
Mobile Phone
·
Air Conditioner
·
Furniture and Fixtures
·
Motor Car
·
Office Premises
·
Plant and Machinery
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 records 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.60.43 |
|
|
1 |
Rs.97.25 |
|
Euro |
1 |
Rs.77.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
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 |
|
46 |
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.