MIRA INFORM REPORT
|
Report No. : |
317524 |
|
Report Date : |
15.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
ACG PHARMAPACK PRIVATE LIMITED (w.e.f. 11.01.2008) |
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Formerly Known
As : |
PRIKARNA PROPERTIES PRIVATE LIMITED |
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Registered
Office : |
1001, Dalamal House, 10th Floor, Nariman Point, Mumbai –
400021, Maharashtra |
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Tel. No.: |
91-22-22872557 |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
01.12.2004 |
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Com. Reg. No.: |
11-149770 |
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Capital
Investment / Paid-up Capital : |
Rs.85.463
Million |
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CIN No.: [Company Identification
No.] |
U45200MH2004PTC149770 |
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IEC No.: |
0308019407 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEA11035D |
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PAN No.: [Permanent Account No.] |
AAHCA0550D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Calendared PVC Film, PETG, Barex, PVDC Coats and
Produces PVC / Aclar and other Complex Laminates. |
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|
|
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No. of Employees
: |
320 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company having fine track record. The rating reflects company’s established track record of business operations
backed by its promoters’ extensive industry experience. Rating also reflects healthy operational as well as risk profile
marked by adequate liquidity position and sound profitability margins of the
company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good for normal 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.
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. Balwant Bembalkar |
|
Designation : |
Assistant Manager – Finance |
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Contact No.: |
91-2169-305252 |
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Date : |
14.04.2015 |
LOCATIONS
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Registered Office/ Corporate Headquarters : |
1001, Dalamal House, 10th Floor, Nariman Point, Mumbai – 400021,
Maharashtra, India |
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Tel. No.: |
91-22-30059444 |
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Mobile No.: |
91-9881904031 (Mr. Vivek) |
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Fax No.: |
91-22-22872560 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Corporate Office
: |
ACG Worldwide, Dalamal House, Nariman Point, Mumbai – 400021, Maharashtra, India |
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Tel. No.: |
91-22-30089444 / 45 |
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Fax No.: |
91-22-22872560 |
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Factory : |
Shindewadi, Taluka Khandala, Shirwal, District Satara – 412801, Maharashtra, India |
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Tel. No.: |
91-2169-244001/ 305252 |
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Fax No.: |
91-2169-244379/ 305218 |
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E-Mail : |
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Sales/ Research Centre : |
Saitech Centre, 7, Prabhat Nagar, Patel Estate, Jogeshwari (West), Mumbai – 400102, Maharashtra, India |
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Tel No.: |
91-22-30462832/ 33/ 26780127/ 26791955/ 26789642 |
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Fax No.: |
91-22-22872560/ 26783244 |
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Email : |
DIRECTORS
AS ON 17.09.2014
|
Name : |
Mr. Ajit Daljit Singh |
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Designation : |
Director |
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Address : |
1-A, Brighton Rungata Lane, Nepeansea Road, Mumbai – 400 006,
Maharashtra, India |
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Date of Birth/Age : |
20.11.1941 |
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Qualification : |
M.A (CANTAB) and Post Graduate work at Harvard Business School, USA |
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Date of Appointment : |
17.10.2012 |
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DIN No.: |
00915347 |
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PAN No.: |
AAIPS7652Q |
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Name : |
Mr. Jasjit Daljit Singh |
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Designation : |
Managing Director |
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Address : |
2-B, Swapnalok, L.J. Marg. Nepeansea Road, Mumbai – 400 006,
Maharashtra, India |
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Date of Birth/Age : |
03.04.1943 |
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Qualification : |
B.E (Mechanical) |
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Date of Appointment : |
01.11.2012 |
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DIN No.: |
00901470 |
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PAN No.: |
AAGPS7557Q |
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Name : |
Mr. Sharad Shrikant Kulkarni |
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Designation : |
Whole-time Director |
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Address : |
SO 27B, Balwanti Darshan Bld, FL8, Manik Colony, Chinchwad, Pune – 411
033, Maharashtra, India |
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Date of Birth/Age : |
08.07.1960 |
|
Date of Appointment : |
01.11.2012 |
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DIN No.: |
06404312 |
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PAN No.: |
ABOPK3665Q |
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Name : |
Mr. Karan Jasjit Singh |
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Designation : |
Additional Director |
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Address : |
2-B, Swapnalok, L.J. Marg. Nepeansea Road, Mumbai – 400 006,
Maharashtra, India |
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Date of Birth/Age : |
23.07.1979 |
|
Date of Appointment : |
01.11.2012 |
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DIN No.: |
00901342 |
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PAN No.: |
AAIPS0968B |
KEY EXECUTIVES
|
Name : |
Mr. Dilip Ganpat Nagool |
|
Designation : |
Secretary |
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Address : |
A-302, Center Point, Thane – 400602, Maharashtra, India |
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Date of Birth/Age : |
14.11.1956 |
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Date of Appointment : |
21.05.2008 |
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PAN No : |
AAAPM1770C |
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Name : |
Mr. Vivek Joshi |
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Designation : |
Senior Accounts Manager |
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Name : |
Mr. Balwant Bembalkar |
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Designation : |
Assistant Manager – Finance |
MAJOR SHAREHOLDERS
AS ON 17.09.2014
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Associated Capsules Private Limited, |
|
4900 |
|
Ajit Singh Nominee of Associated Capsules Private Limited,
|
|
100 |
|
Associated Capsules Private Limited, |
|
4900 |
|
Jasjit Singh Nominee of Associated Capsules Private
Limited, |
|
100 |
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Jasjit Singh HUF |
|
12765 |
|
Kavita Jasjit Singh |
|
3780 |
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Nandini Jasjit Singh |
|
1980 |
|
Singh Family Trust |
|
180 |
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Sardar Daljit Singh HUF |
|
5580 |
|
MNT Will Trust, India |
|
180 |
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Priya Jasjit Singh |
|
1980 |
|
Karan Jasjit Singh |
|
1980 |
|
Jasjit Daljit Singh |
|
228733 |
|
Ajit Daljit Singh |
|
251398 |
|
Packshield India Private Limited, |
|
539720 |
|
|
|
|
|
Total |
|
1058276 |
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Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
AE Advisors Private Limited, |
|
7488000 |
|
|
|
|
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Total |
|
7488000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 17.09.2014
|
Category |
Percentage |
|
Bodies corporate |
51.94 |
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Directors or relatives of Directors |
48.06 |
|
|
|
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Calendared PVC Film, PETG, Barex, PVDC Coats and
Produces PVC / Aclar and other Complex Laminates. |
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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 : |
Blister Pack Films |
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Countries : |
·
Brazil ·
USA ·
European Countries ·
China ·
North America ·
African Countries ·
Latin America ·
Middle East |
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
Germany ·
USA ·
Korea ·
Japan ·
France ·
Taiwan |
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Terms : |
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Selling : |
Cash, Credit (30 / 60 / 90 Days) |
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Purchasing : |
Cash, Credit (30 / 60 / 90 Days) |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
·
Ranbaxy Laboratories Limited |
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Customers : |
·
Reliance Industries Limited |
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No. of Employees : |
320 (Approximately) |
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Bankers : |
· Standard Chartered Bank, Crescenzo, 3A/F, Plot No.C-38 and 39, G Block, Bandra Kurla Complex, Bandra East, Mumbai – 400051, Maharashtra, India · HDFC Bank Limited, 4th Floor, Millennium Towers, Bhandarkar Road, Pune – 411004, Maharashtra, India · HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
CNK and Associates LLP Chartered Accountants |
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Address : |
5th Floor, Narain Chambers, M.G. Road, Vile Parle (East), Mumbai – 400057, Maharashtra, India |
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PAN No.: |
AACFC8587E |
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Collaborators : |
Not Divulged |
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Membership : |
Not Divulged |
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Holding company : |
Packshield India Private Limited |
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Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives : |
· ACG Associated Capsules Private Limited · ACG Do Brazil Representacoes Commercials S.A · ACG Europe Ltd · ACG Hongkong · ACG Inspection Systems Private Limited · ACG Metalcrafts Private Limited · ACG North America LLC · ACG Pharma Technologies Private Limited · ACG Pampac Machines Private Limited · Lukaps d.o.o, Croatia · Sci-Tech Centre |
CAPITAL STRUCTURE
AS ON 17.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 Million |
|
9500000 |
Preference Shares |
Rs.10/- each |
Rs.95.000 Million |
|
|
|
|
|
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Total
|
|
Rs.110.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1058760 |
Equity Shares |
Rs.10/- each |
Rs.10.583 Million |
|
7488000 |
Preference Shares |
Rs.10/- each |
Rs.74.880
Million |
|
|
|
|
|
|
|
Total |
|
Rs.85.463 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
85.463 |
85.463 |
85.463 |
|
(b) Reserves & Surplus |
723.200 |
593.816 |
554.748 |
|
(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) |
808.663 |
679.279 |
640.211 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
95.644 |
95.644 |
121.815 |
|
(b) Deferred tax liabilities (Net) |
39.868 |
38.160 |
16.488 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
6.662 |
6.160 |
7.714 |
|
Total Non-current
Liabilities (3) |
142.174 |
139.964 |
146.017 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
314.784 |
303.989 |
358.070 |
|
(b) Trade
payables |
207.591 |
246.623 |
146.753 |
|
(c) Other
current liabilities |
91.108 |
61.881 |
60.659 |
|
(d) Short-term
provisions |
68.000 |
46.988 |
10.714 |
|
Total Current
Liabilities (4) |
681.483 |
659.481 |
576.196 |
|
|
|
|
|
|
TOTAL |
1632.320 |
1478.724 |
1362.424 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
431.072 |
468.644 |
499.985 |
|
(ii)
Intangible Assets |
1.088 |
1.443 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
2.410 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3.609 |
2.799 |
1.299 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
10.787 |
31.503 |
20.055 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
446.556 |
504.389 |
523.749 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
283.806 |
274.999 |
283.456 |
|
(c) Trade
receivables |
799.067 |
639.301 |
454.033 |
|
(d) Cash
and cash equivalents |
5.162 |
3.169 |
2.053 |
|
(e)
Short-term loans and advances |
86.394 |
52.708 |
94.696 |
|
(f) Other
current assets |
11.335 |
4.158 |
4.437 |
|
Total
Current Assets |
1185.764 |
974.335 |
838.675 |
|
|
|
|
|
|
TOTAL |
1632.320 |
1478.724 |
1362.424 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
|
|
NET TURNOVER |
3073.400 |
2385.800 |
1924.000 |
|
|
|
|
|
|
|
|
|
|
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
291.000 |
158.800 |
92.000 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES |
39.400 |
38.400 |
29.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
251.600 |
120.400 |
62.600 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
52.000 |
50.500 |
47.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
199.600 |
69.900 |
15.000 |
|
|
|
|
|
|
|
|
|
|
TAX |
1.700 |
22.200 |
5.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
127.100 |
47.700 |
9.700 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
43.100 |
18.500 |
8.800 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
General Reserve |
80.000 |
10.000 |
0.000 |
|
|
|
Dividend on Preference Shares |
0.000 |
13.100 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
90.300 |
43.100 |
18.500 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
989.000 |
846.900 |
596.300 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
14.87 |
32.70 |
9.19 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
3630.000 |
Expected Sales (2014-2015): Rs.3900.000 Million
The above information has been parted by Mr. Balwant
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets) |
(%) |
12.26 |
4.74 |
1.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25 |
0.10 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.51 |
0.59 |
0.75 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.74 |
1.48 |
1.46 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
85.463 |
85.463 |
85.463 |
|
Reserves & Surplus |
554.748 |
593.816 |
723.200 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
640.211 |
679.279 |
808.663 |
|
|
|
|
|
|
long-term borrowings |
121.815 |
95.644 |
95.644 |
|
Short term borrowings |
358.070 |
303.989 |
314.784 |
|
Total
borrowings |
479.885 |
399.633 |
410.428 |
|
Debt/Equity
ratio |
0.750 |
0.588 |
0.508 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Net Turnover |
1924.000 |
2385.800 |
3073.400 |
|
|
|
24.002 |
28.821 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Net Turnover |
1924.000 |
2385.800 |
3073.400 |
|
Profit |
9.700 |
47.700 |
127.100 |
|
|
0.50% |
2.00% |
4.14% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
Rs.
In Million
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long term debt |
0.000 |
0.000 |
26.565 |
|
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 |
Yes |
|
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 |
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:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Deferred payment liabilities |
95.644 |
95.644 |
|
|
|
|
|
Total |
95.644 |
95.644 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10200491 |
24/06/2011 * |
380,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B18421784 |
|
2 |
10123785 |
15/11/2011 * |
530,000,000.00 |
STANDARD CHARTERED BANK |
CRESCENZO, 3A/F, PLOT NO. C-38 & 39, G BLOCK, BANDRA KURLA COMPLEX, BANDRA EAST, MUMBAI, MAHARASHTRA - 400051, INDIA |
B28403335 |
*Date of modification Charges
FIXED ASSETS:
Tangible Assets
· Land
· Buildings
· Plant and Machinery
· Data Processing Equipments
· Vehicles
· Furniture and Fixtures
·
Office Equipments
Intangible Assets
·
Computer Software
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.62.39 |
|
|
1 |
Rs.91.06 |
|
Euro |
1 |
Rs.66.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
64 |
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.