MIRA
INFORM REPORT
|
Report Date : |
12.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
CRI LIMITED |
|
|
|
|
Registered
Office : |
Premises No. 333, Mahamayatalla, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
16.05.1974 |
|
|
|
|
Com. Reg. No.: |
21-029425 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.73.823 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909WB1974PLC029425 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALC00464C CALC04423G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC3552F |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Trading of Ball Pen Tip for Refilis and Ball
Pen Refill Adaptors etc. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1116000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. Profitability of the company seems to be low during 2013. However, trade relations are reported as fair. Business is active.
Payment terms are slow but correct. The company can be considered for business dealings with some caution.
|
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.
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.
LOCATIONS
|
Registered Office : |
Premises No. 333, Mahamayatalla, |
|
Tel. No. : |
91-33-66223000 |
|
Fax No. : |
91-33-24356494 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 16.09.2013
|
Name : |
Mr. Raj Kumar Goenka |
|
Designation : |
Whole Time Director |
|
Address : |
110 A, Southern Avenue, Kolkata-700029, West |
|
Date of Birth/Age : |
02.02.1949 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
20.11.2007 |
|
PAN No.: |
AEAPG9489H |
|
DIN No. : |
00375516 |
|
|
|
|
Name : |
Mr. Rajendra Kumar Jatia |
|
Designation : |
Director |
|
Address : |
9, |
|
Date of Birth/Age : |
23.08.1941 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
19.04.1994 |
|
Date of cessation : |
30.06.2014 |
|
DIN No. : |
00083054 |
|
|
|
|
Name : |
Mr. Jagdish Prasad Agarwal |
|
Designation : |
Whole Time Director |
|
Address : |
52/2B, |
|
Date of Birth/Age : |
25.01.1955 |
|
Qualification : |
B.Com, LLB |
|
Date of Appointment : |
01.08.1995 |
|
PAN No.: |
ACZPA7475Q |
|
DIN No. : |
00863137 |
|
|
|
|
Name : |
Mr. Swapan Kumar Mondal |
|
Designation : |
Director |
|
Address : |
N-360, |
|
Date of Birth/Age : |
17.05.1950 |
|
Qualification : |
B.E., MBA |
|
Date of Appointment : |
01.04.2007 |
|
Date of cessation : |
30.06.2014 |
|
DIN No. : |
00367104 |
|
|
|
|
Name : |
Mr. Prashant Goenka |
|
Designation : |
Additional Director |
|
Address : |
110 A, Southern Avenue, Kolkata-700029, West |
|
Date of Birth/Age : |
30.10.1973 |
|
Date of Appointment : |
17.05.2013 |
|
Date of cessation : |
30.06.2014 |
|
DIN No. : |
00703389 |
|
|
|
|
Name : |
Mr. Raj K Sureka |
|
Designation : |
Managing Director |
|
Address : |
29 E, |
|
Date of Birth/Age : |
16.06.1968 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
01.12.2005 |
|
PAN No.: |
ALKPS7359H |
|
DIN No. : |
00481199 |
KEY EXECUTIVES
|
Name : |
Mr. Ajay Kumar Agarwal |
|
Designation : |
Secretary |
|
Address : |
Merujeen Complex, Narendrapur, Flat 317, Kolkata-700103, West |
|
Date of Birth/Age : |
01.01.1976 |
|
Date of Appointment : |
02.04.2007 |
|
PAN No. : |
ADLPA4891K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 16.09.2013
|
Names of Shareholders |
No. of Shares |
|
Bhanu Vyapaar Private Limited, |
77830 |
|
Raj Kumar Goenka |
111340 |
|
New Way Construction Limited, |
490000 |
|
Usha Agarwal |
124450 |
|
Manish Goenka |
140000 |
|
Jyoti Goenka |
100000 |
|
Mohan Goenka |
100000 |
|
Richa Agarwal |
100000 |
|
Harsha Vardhan Agarwal |
100000 |
|
Aditya Vardhan Agarwal |
143000 |
|
Suntrack Commerce (Private) Limited, |
306240 |
|
Suraj Viniyog (Private) Limited, |
181300 |
|
Pan Emami Cosmed Limited, |
1766750 |
|
Rashmi Goenka |
25000 |
|
Priti Sureka |
15000 |
|
Diwakar Viniyog (Private) Limited, |
318500 |
|
Emami Limited, |
95630 |
|
Aviro Vyapaar Private Limited, |
1435060 |
|
EPL Securities Limited, |
332800 |
|
EPL Foods Limited, |
320000 |
|
Medal Chemical and Research Works Limited, |
625000 |
|
Emami Highrise Private Limited, |
181300 |
|
Emami Enclave Makers Private Limited, |
110100 |
|
Prestige Vyapaar Limited, |
103000 |
|
Indu Goenka |
40000 |
|
Santosh Goenka |
40000 |
|
Total |
7382300 |
AS ON 16.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
85.93 |
|
Directors or relatives of Directors |
14.07 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading of Ball Pen Tip for Refilis and Ball
Pen Refill Adaptors etc. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
500 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
·
Industrial Development Bank of India Limited, 44,
Shakepeare Sarani, Kolkata – 700017, West Bengal, India ·
Kotak Mahindra Bank limited, 36-38, Nariman
Bhavan, 227, D, Nariman Point, Mumbai – 400021, Maharashtra, India ·
State Bank of ·
IDBI Bank Limited, MSME IDBI House, 44
Shakespeare Sarani, Mumbai-700017, West ·
The Hongkong and Shanghai Banking Corporation
Limited, Hong Kong House, 31 B B D Bag, Kolkata – 700001, west Bengal, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R. Kothari and Company Chartered Accountants |
|
Address : |
16 A, Shakespeare Sarani, Kokata-700071, West |
|
Tel. No. : |
91-33-22826807/22826809/22826776 |
|
Fax No. : |
91-33-22825921 |
|
PAN
No. : |
AAFFR7336B |
|
|
|
|
Subsidiaries : |
|
|
|
|
|
Enterprises which are owned or have significant influences of or are
partners with key management personnel and their relatives |
PAN Emami Cosmed Limited CIN No. :
U24246WB1994PLC061553 |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7500000 |
Equity Shares |
Rs.10/- each |
Rs.75.000 Millions |
|
600000 |
Preference Shares |
Rs.100/- each |
Rs.60.000 Millions |
|
|
Total |
|
Rs.135.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7382300 |
Equity Shares |
Rs.10/- each |
Rs.73.823 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 |
73.823 |
73.823 |
73.823 |
|
(b) Reserves & Surplus |
205.225 |
206.914 |
214.929 |
|
(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) |
279.048 |
280.737 |
288.752 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
355.347 |
349.428 |
311.253 |
|
(b) Deferred tax liabilities (Net) |
56.919 |
52.664 |
53.765 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
9.567 |
9.826 |
9.406 |
|
Total Non-current Liabilities (3) |
421.833 |
411.918 |
374.424 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
273.901 |
244.621 |
154.473 |
|
(b) Trade payables |
183.593 |
178.049 |
154.753 |
|
(c) Other current
liabilities |
50.987 |
117.799 |
104.461 |
|
(d) Short-term provisions |
3.910 |
2.675 |
1.115 |
|
Total Current Liabilities (4) |
512.391 |
543.144 |
414.802 |
|
|
|
|
|
|
TOTAL |
1213.272 |
1235.799 |
1077.978 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
567.496 |
578.882 |
488.729 |
|
(ii) Intangible Assets |
0.155 |
0.988 |
1.068 |
|
(iii) Capital
work-in-progress |
38.351 |
39.266 |
54.723 |
|
(iv) Intangible
assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
7.380 |
7.380 |
6.937 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
5.590 |
11.064 |
17.531 |
|
(e) Other Non-current assets |
0.633 |
4.537 |
3.513 |
|
Total Non-Current Assets |
619.605 |
642.117 |
572.501 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
293.106 |
284.329 |
229.974 |
|
(c) Trade receivables |
206.935 |
200.429 |
174.942 |
|
(d) Cash and cash
equivalents |
28.700 |
62.376 |
79.514 |
|
(e) Short-term loans and
advances |
6.848 |
14.629 |
7.884 |
|
(f) Other current assets |
58.078 |
31.919 |
13.163 |
|
Total Current Assets |
593.667 |
593.682 |
505.477 |
|
|
|
|
|
|
TOTAL |
1213.272 |
1235.799 |
1077.978 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
1710.769 |
1397.857 |
1167.569 |
|
|
|
Other Income |
23.129 |
12.147 |
1.299 |
|
|
|
TOTAL |
1733.898 |
1410.004 |
1168.868 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
785.945 |
623.328 |
543.751 |
|
|
|
Purchase of stock-in-trade |
577.015 |
416.014 |
287.634 |
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
(59.010) |
(31.347) |
(51.029) |
|
|
|
Employee benefit expenses |
89.592 |
84.090 |
72.064 |
|
|
|
Other expenses |
202.873 |
202.384 |
175.653 |
|
|
|
TOTAL |
1596.415 |
1294.469 |
1028.073 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
137.483 |
115.535 |
140.795 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
68.712 |
61.891 |
41.562 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
68.771 |
53.644 |
99.233 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
62.987 |
57.598 |
67.034 |
|
|
|
|
|
|
|
|
|
|
TOTAL PROFIT BEFORE PRIOR PERIOD ITEMS, EXCEPTIONAL
ITEMS, EXTRAORDINARY ITEMS AND TAX |
5.784 |
(3.954) |
32.199 |
|
|
|
|
|
|
|
|
|
Add |
EXCEPTIONAL
ITEMS BEFORE TAX |
0.000 |
19.421 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
5.784 |
15.467 |
32.199 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.836 |
2.384 |
11.818 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
0.948 |
13.083 |
20.381 |
|
|
|
|
|
|
|
|
|
|
FOREIGN EXCHANGE
EARNED |
306.787 |
302.152 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.13 |
1.77 |
2.76 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.05
|
0.93 |
1.74 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.34
|
1.11 |
2.76 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.50
|
1.30 |
3.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.06 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.25
|
2.11 |
1.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.16
|
1.09 |
1.22 |
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 |
73.823 |
73.823 |
73.823 |
|
Reserves & Surplus |
214.929 |
206.914 |
205.225 |
|
Net
worth |
288.752 |
280.737 |
279.048 |
|
|
|
|
|
|
long-term borrowings |
311.253 |
349.428 |
355.347 |
|
Short term borrowings |
154.473 |
244.621 |
273.901 |
|
Total
borrowings |
465.726 |
594.049 |
629.248 |
|
Debt/Equity
ratio |
1.613 |
2.116 |
2.255 |
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) |
|
Revenue from operations |
1167.569 |
1397.857 |
1710.769 |
|
|
|
19.724 |
22.385 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Revenue from operations |
1167.569 |
1397.857 |
1710.769 |
|
Profit/(Loss) After Tax |
20.381 |
13.083 |
0.948 |
|
|
1.75% |
0.94% |
0.06% |
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 |
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 |
Yes |
|
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 |
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 |
Yes |
|
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) |
|
LONG TERM
BORROWINGS |
|
|
|
Loan and advance from others |
13.703 |
25.365 |
|
Other loan and advance |
145.191 |
137.400 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Loan and advance from others |
0.000 |
19.300 |
|
|
|
|
|
Total |
158.894 |
182.065 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10374972 |
27/11/2012 * |
360,400,000.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN BHAVAN,
227,D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, |
B63264204 |
|
2 |
10065151 |
10/02/2014 * |
445,000,000.00 |
THE HONGKONG AND
SHANGHAI BANKING CORPORATION LIMI |
HONGKONG HOUSE,
31 B B D BAGH, KOLKATA, WEST BENGAL - 700001, |
C00216358 |
* Date of charge modification
FUTURE OUTLOOK
The growing demand for the products of the company in the domestic as well as in the export market is encouraging. In order to cope with this demand a substantial expansion of capacity with sophisticated technology as been undertaken.
Continued participation in the overseas trade fair during the year resulted in encouraging response and promises a bright prospect in respect of export performance of the company.
EXPORT
The export market has been expanded to cover countries like
FIXED ASSETS
·
Land
·
Buildings
·
Office building
·
Plant and equipment
·
Factory equipments
·
Furniture and fixtures
·
Vehicles
·
Office equipment
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 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] 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.60.92 |
|
|
1 |
Rs.98.66 |
|
Euro |
1 |
Rs.78.64 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.