MIRA
INFORM REPORT
|
Report Date : |
29.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
GOLDY AUTO STAMPINGS ( |
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Formerly Known
As : |
GOMANTAK PRESS TOOLS PRIVATE LIMITED |
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Registered
Office : |
21, Verna Electronic City, Verna, Salcete – 403722, Goa |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
07.11.1988 |
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Com. Reg. No.: |
24-003046 |
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Capital
Investment / Paid-up Capital : |
Rs.0.600 Million |
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|
|
CIN No.: [Company Identification
No.] |
U28910GA1988PTC003046 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
The company is
engaged in manufacture of automobile and engineering components. |
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|
No. of Employees
: |
41 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small Company |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established small company in its field. Its scale of
activities are limited. Management of the company has failed to file its financial for the
year 2013 with the government department. As per available financial (2012), financial position of the company
seems to be small. However, trade relations are fair. Business is active. Payment terms
are reported to be slow but correct. The company can be considered for small business dealings at usual
trade terms and conditions. Note: As claimed by
Mr. Siddhesh Raikar (Director) that the correct name of the company is “Goldy
Circlips and Retainer Rings” and it was established in the year 2002 as a partnership
firm and later it got merged with “Goldy Auto Stamping (India) Private
Limited” from May 2013. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 PARTED BY
|
Name : |
Mr. Siddhesh Raikar |
|
Designation : |
Director |
|
Contact No.: |
91-9370510585 |
|
Date : |
27.09.2014 |
LOCATIONS
|
Registered Office : |
21, Verna Electronic City, Verna, Salcete – 403722, Goa,
India |
|
Tel. No.: |
91-832-2783323 / 2887894 |
|
Mobile No.: |
91-9370510585 (Mr. Siddhesh Raikar) |
|
Fax No.: |
91-832-2887271 |
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E-Mail : |
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Corporate Office : |
Plot No. SC/1/46, Behind Telephone Exchange, Verna, Salcete – 403722, Goa, India |
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|
|
|
Factory : |
F-84/85 MIDC Satpur, Nashik - 422007, Maharashtra, India |
|
Tel. No.: |
91-253-2350885 /
6604785 / 6604885 |
|
Fax No.: |
91-253-2351412 |
DIRECTORS
As on 30.09.2012
|
Name : |
Mr. Mohan Ramkrishna Raikar |
|
Designation : |
Director |
|
Address : |
"Manisha" 15, Chintamani Colony, Savarkar Nagar,
Gangapur Road, Nasik - 422013, Maharashtra, India |
|
Date of Birth/Age : |
10.07.1943 |
|
Date of Appointment : |
07.11.1988 |
|
DIN No.: |
00045601 |
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|
|
|
Name : |
Mrs. Manisha Mohan Raikar |
|
Designation : |
Director |
|
Address : |
"Manisha" 15, Chintamani Colony, Savarkar Nagar,
Gangapur Road, Nasik - 422013, Maharashtra, India |
|
Date of Birth/Age : |
02.10.1947 |
|
Date of Appointment : |
07.11.1988 |
|
DIN No.: |
01522565 |
|
|
|
|
Name : |
Mr. Sadashiv Ramkrishna Raikar |
|
Designation : |
Director |
|
Address : |
53/A, Krishnai, 2nd Dando, Navelim, Telaulim - 403707,
Goa, India |
|
Date of Birth/Age : |
12.04.1946 |
|
Date of Appointment : |
07.11.1988 |
|
DIN No.: |
02082910 |
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|
|
|
Name : |
Mr. Siddhesh Raikar |
|
Designation : |
Director |
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|
|
|
Name : |
Mr. Jayesh Raikar |
|
Designation : |
Director |
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|
|
|
Name : |
Mr. Shrirang Raikar |
|
Designation : |
Director |
MAJOR SHAREHOLDERS
As on 30.09.2012
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Mohan Ramkrishna Raikar |
4000 |
66.67 |
|
Sadashiv Ramkrishna Raikar |
1250 |
20.83 |
|
Manisha Mohan Raikar |
750 |
12.50 |
|
Total |
6000 |
100.00 |
%20PRIVATE%20LIMITED%20-%20288127_MIRA%2029-Sep-2014_files/image002.gif)
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is
engaged in manufacture of automobile and engineering components. |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
USA |
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
Germany ·
France ·
Sweden |
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Terms : |
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Selling : |
Cash, L/C and Credit |
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Purchasing : |
Cash, L/C and Credit |
GENERAL INFORMATION
|
No. of Employees : |
41 (Approximately) |
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Bankers : |
State Bank of India, Margao Branch, Near Municipal Garden, Margao – 403601, Goa, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
K.V. Vernekar and Associates Chartered Accountants |
|
Address : |
FF 08, Rani Pramila Arcade, 18th June Road, Panaji – 403001, Goa,
India |
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Tel. No.: |
91-832-6453414 |
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Fax No.: |
91-832-2235019 |
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E-Mail : |
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PAN No.: |
AAZPV6069M |
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Company in which directors are interested : |
Goldy Precision Stampings Private Limited |
CAPITAL STRUCTURE
As on 30.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000 |
Equity Shares |
Rs.100/- each |
Rs.0.700 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000 |
Equity Shares |
Rs.100/- each |
Rs.0.600 Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
0.600 |
0.600 |
|
(b) Reserves & Surplus |
|
6.759 |
5.319 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
7.359 |
5.919 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.985 |
1.553 |
|
(b) Deferred tax liabilities (Net) |
|
0.089 |
0.089 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
1.074 |
1.642 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
2.295 |
2.616 |
|
(b) Trade payables |
|
7.682 |
4.934 |
|
(c) Other current
liabilities |
|
1.715 |
1.388 |
|
(d) Short-term provisions |
|
0.550 |
0.044 |
|
Total Current Liabilities (4) |
|
12.242 |
8.982 |
|
|
|
|
|
|
TOTAL |
|
20.675 |
16.543 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
7.576 |
6.912 |
|
(ii) Intangible Assets |
|
0.008 |
0.000 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.990 |
1.140 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
8.574 |
8.052 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
6.750 |
2.889 |
|
(c) Trade receivables |
|
3.385 |
4.191 |
|
(d) Cash and cash
equivalents |
|
0.015 |
0.083 |
|
(e) Short-term loans and
advances |
|
1.951 |
1.328 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
12.101 |
8.491 |
|
|
|
|
|
|
TOTAL |
|
20.675 |
16.543 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.600 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
5.127 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
5.727 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
1.746 |
|
|
2] Unsecured Loans |
|
|
0.442 |
|
|
TOTAL BORROWING |
|
|
2.188 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.089 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
8.004 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
4.883 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.336 |
|
|
Sundry Debtors |
|
|
3.218 |
|
|
Cash & Bank Balances |
|
|
0.006 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
1.329 |
|
Total
Current Assets |
|
|
4.889 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.968 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.800 |
|
Total
Current Liabilities |
|
|
1.768 |
|
|
Net Current Assets |
|
|
3.121 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
8.004 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
23.796 |
19.520 |
12.497 |
|
|
|
|
Other Income |
0.000 |
0.003 |
0.000 |
|
|
|
|
TOTAL |
23.796 |
19.523 |
12.497 |
|
|
|
|
|
|
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||
|
Less |
EXPENSES |
20.621 |
18.419 |
10.330 |
||
|
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|
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||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
3.175 |
1.104 |
2.167 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
1.185 |
0.868 |
0.692 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
1.990 |
0.236 |
1.475 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
0.550 |
0.044 |
0.200 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
1.440 |
0.192 |
1.275 |
||
|
|
|
|
|
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||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.950 |
0.758 |
(0.517) |
||
|
|
|
|
|
|
||
|
|
BALANCE CARRIED
TO THE B/S |
2.390 |
0.950 |
0.758 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
5.556 |
8.140 |
NA |
|
|
|
TOTAL IMPORTS |
5.556 |
8.140 |
NA |
||
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|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (Rs.) |
240.00 |
32.00 |
212.50 |
||
|
Particulars |
|
31.03.2014 |
31.03.2013 |
|
Sales Turnover (Approximately) |
|
50.000 |
35.000 |
The above information has been parted by Mr.Siddhesh Raikar
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
6.05 |
0.98 |
10.20 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.36 |
1.21 |
11.80 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.63 |
1.43 |
15.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27 |
0.04 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.45 |
0.70 |
0.38 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.99 |
0.95 |
2.77 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
0.600 |
0.600 |
0.600 |
|
Reserves & Surplus |
5.127 |
5.319 |
6.759 |
|
Net
worth |
5.727 |
5.919 |
7.359 |
|
|
|
|
|
|
Total
borrowings |
2.188 |
4.169 |
3.280 |
|
Debt/Equity
ratio |
0.382 |
0.704 |
0.446 |
%20PRIVATE%20LIMITED%20-%20288127_MIRA%2029-Sep-2014_files/image004.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
12.497 |
19.520 |
23.796 |
|
|
|
56.197 |
21.906 |
%20PRIVATE%20LIMITED%20-%20288127_MIRA%2029-Sep-2014_files/image006.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
12.497 |
19.520 |
23.796 |
|
Profit |
1.275 |
0.192 |
1.440 |
|
|
10.20% |
0.98% |
6.05% |
%20PRIVATE%20LIMITED%20-%20288127_MIRA%2029-Sep-2014_files/image008.gif)
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS NOT AVAILABLE
|
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
five 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 |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
SHORT TERM BORROWINGS |
|
|
|
Loans from
directors, payable on demand |
0.483 |
0.430 |
|
Loan from others |
0.012 |
0.012 |
|
Total |
0.495 |
0.442 |
CORPORATE INFORMATION:
The company is a
private limited company domiciled in India and incorporated under the Companies
Act 1956. The company is engaged in manufacture of automobile and Engineering
Components. It caters to the local market.
REVIEW OF OPERATIONS:
In spite of global
rescission, the company maintained the tempo of growth during the current year
also. Turnover for the year has increased from Rs.19.523 Millions to Rs.23.796
Millions resulting into net profit before tax of Rs.1.990 Millions as against
net profit of Rs.0.236 Million in the previous year. Increase in net profit
during the current year is on account of better utilization of company’s
production capacity accompanied by economics of scale achieved in material
consumption, direct and indirect expenses etc. efforts are also made wherever
possible to further prune down the cost of operation and thus improve
profitability further.
The Directors are
considered to sustain the tempo of growth in the ensuring year also.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10234578 |
25/08/2010 |
1,600,000.00 |
Small Industries Development Bank Of India |
New Horizon, First Floor,St. Mary's Colony,, Daya Nand Bandodkar Marg,Miramar, Panaji, Goa - 403001, India |
A92483528 |
|
2 |
10127553 |
18/09/2008 |
1,650,000.00 |
State Bank of India |
Margao Main Branch, Margao, Goa - 403602, India |
A49768930 |
|
3 |
10017128 |
27/05/2013 * |
26,691,000.00 |
State Bank of India |
Margao Main Branch, Margao, Goa - 403602, India |
B77718476 |
|
4 |
90065529 |
14/10/1998 |
1,200,000.00 |
State Bank of India |
Margao Main Branch, Margao, Goa - 403602, India |
- |
|
5 |
90065516 |
15/04/2004 * |
1,200,000.00 |
State Bank of India |
Margao Main Branch, Margao, Goa - 403602, India |
- |
|
6 |
90065484 |
30/12/1996 |
150,000.00 |
State Bank of India |
Margao Main Branch, Margao, Goa - 403602, India |
- |
|
7 |
90065762 |
30/11/1993 |
200,000.00 |
State Bank of India |
Margao Main Branch, Margao, Goa - 403602, India |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered
forfeited for violation of money laundering or international anti-terrorism
laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.57 |
|
|
1 |
Rs.100.42 |
|
Euro |
1 |
Rs.78.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VNT |
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 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
30 |
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.