MIRA INFORM REPORT
|
Report No. : |
319438 |
|
Report Date : |
27.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
SILVERPOINT PRESS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
165, Kohinoor Industrial Estate Tulsi Pipe
Road, Lower Parel, Mumbai-400013, Maharashtra |
|
Tel. No.: |
91-22-42202700 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
14.09.1988 |
|
|
|
|
Com. Reg. No.: |
11-048832 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 54.850 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22219MH1988PTC048832 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS35333E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS6048K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of commercial printers |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Not Available (Case site not working) |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Reserves level of the company is low. However, the company shown a growth
in its profitability. General financial position of the company is normal and
acceptable for business dealing. Trade relations are reported as fair. Business is active. Payments are
reported to be slow but 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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. Mustafa |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-42202700 |
|
Date : |
25.04.2015 |
LOCATIONS
|
Registered Office : |
165, Kohinoor Industrial Estate, Tulsi Pipe Road, Lower Parel,
Mumbai-400013, Maharashtra, India |
|
Tel. No.: |
91-22-42202700 / 24939908 |
|
Fax No.: |
91-22-24952449 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
A-403, TTC Industrial Area, Near Anthony Motors, Mahape, Navi
Mumbai-400709, Maharashtra, India |
|
Tel. No.: |
91-22-41413232 |
|
Fax No.: |
91-22-27784420 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
|
|
Designation : |
Managing Director |
|
Address : |
11th Floor, Flat B1, Woodlands,, 67, Pedder Road, Mumbai-400026, Maharashtra, India |
|
Date of Birth/Age : |
15.10.1937 |
|
Date of Appointment : |
14.09.1988 |
|
DIN No.: |
00615788 |
|
|
|
|
Name : |
|
|
Designation : |
Director |
|
Address : |
67 Peddar Road, Cumbala,, Mumbai-400026, Maharashtra, India |
|
Date of Birth/Age : |
14.08.1969 |
|
Date of Appointment : |
14.09.1988 |
|
DIN No.: |
00615849 |
|
|
|
|
Name : |
|
|
Designation : |
Director |
|
Address : |
11-B-1, Woodlands, 67, Pedder Road, Mumbai-400026, Maharashtra, India |
|
Date of Birth/Age : |
01.04.1939 |
|
Date of Appointment : |
14.09.1988 |
|
DIN No.: |
00615927 |
|
|
|
|
Name : |
|
|
Designation : |
Director |
|
Address : |
11/131 Woodland, Pedder Road,, Mumbai-400026, Maharashtra, India |
|
Date of Birth/Age : |
04.10.1966 |
|
Date of Appointment : |
04.07.1997 |
|
DIN No.: |
01171304 |
|
Other Directorship: |
|
|
|
|
|
Name : |
|
|
Designation : |
Director |
|
Address : |
6/B2, Woodlands, 67 Peddar Road, Mumbai-400026, Maharashtra, India |
|
Date of Birth/Age : |
07.03.1992 |
|
Date of Appointment : |
19.03.2012 |
|
DIN No.: |
05226842 |
KEY EXECUTIVES
|
Name : |
Mr. Mustafa |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Name
of Equity Shareholders |
No.
of Shares |
%age |
|
Taher Hatim Muchhala |
83,000 |
21.36 |
|
Ayman Taher Muchhala |
212,000 |
54.57 |
|
Shabbir Taher Muchhala |
93,500 |
24.07 |
|
TOTAL |
388,500 |
100.00 |
|
Name
of 6% Cumulative Redeemable Preference Shareholders |
No.
of Shares |
|
Merchant Tasennem Noorudin |
8000 |
|
Attarwala Adnan Sadiq |
8500 |
|
Kapadia Shabbir Taiyeball |
15000 |
|
Varawalla Rashida Nooruddin |
7000 |
|
Benagil Maimoona Esmall |
17000 |
|
Bandukwala Nafisa |
9000 |
|
Tapia Fatema Shabbir |
10000 |
|
Tapia Altaf Jafarbhai |
25000 |
|
Muchhala Taher Hatim |
3000 |
|
Muchhala Shabbir Taher |
2000 |
|
Attarwala Khadija Sadiq |
1500 |
|
Padale Haribhau Dadabhau |
2000 |
|
Pawar Priyanka Prakash |
10000 |
|
Husain Asma Shabbir |
3000 |
|
Randive Ketaki Deepak |
500 |
|
Randive Jyotsana Deepak |
3000 |
|
Neltoor Raghunath Madangopal |
2500 |
|
Neltoor Madangopal Raghunath |
1000 |
|
Tapia Huzefa Salim |
6000 |
|
Ujjainwala Murtaza Shabbir |
6000 |
|
Randhive Deepak Manohar |
5000 |
|
Panchal Mahesh Bahubali |
7000 |
|
Chavarkar Sanket Dattaray |
3000 |
|
Duble Ashok Gangadhar |
5000 |
|
TOTAL |
160000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of commercial printers |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit (30 / 60 / 90 Days) |
|
|
|
|
Purchasing : |
Cash, Credit (30 / 60 / 90 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
50 (Approximately) |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Bankers : |
Abhyudaya Co-Operative Bank Limited, Administrative Office, K K Tower,
Abhyudaya Bank Lane Off G D Ambekar Marg, Parel Village, Mumbai-400012,
Maharashtra, India |
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Facilities : |
Cash Credit Limit Rs. 20.000 Million
|
|
|
|
|
Banking Relations
: |
|
|
|
|
|
Auditors : |
|
|
Name : |
Shabbir Tapia and Associates Chartered Accountants |
|
Address : |
22A, Ground Floor, Gopal Mansion, Turner Road, Bandra West,
Mumbai-400050, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAPT5103H |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Related Parties : |
CIN No.: U22110MH2009PTC194284 ·
ABS Realtors |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
800000 |
Equity Shares |
Rs.100/- each |
Rs. 80.000 Million |
|
200000 |
6% Cumulative Redeemable
Preference Share |
Rs. 100/- each |
Rs. 20.000 Million |
|
|
TOTAL |
|
Rs. 100.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
388500 |
Equity Shares |
Rs.100/- each |
Rs. 38.850
Million |
|
160000 |
6% Cumulative Redeemable
Preference Share |
Rs.100/-
each |
Rs. 16.000
Million |
|
|
TOTAL |
|
Rs. 54.850 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 |
54.850 |
51.700 |
48.850 |
|
(b) Reserves & Surplus |
43.877 |
40.506 |
40.020 |
|
(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) |
98.727 |
92.206 |
88.870 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
118.683 |
142.703 |
99.378 |
|
(b) Deferred tax liabilities
(Net) |
3.159 |
3.450 |
3.070 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
3.295 |
3.222 |
3.765 |
|
Total
Non-current Liabilities (3) |
125.137 |
149.375 |
106.213 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
81.923 |
68.638 |
79.144 |
|
(b) Trade payables |
52.300 |
42.736 |
41.605 |
|
(c) Other current liabilities |
11.346 |
8.431 |
11.166 |
|
(d) Short-term provisions |
1.123 |
0.697 |
0.697 |
|
Total
Current Liabilities (4) |
146.692 |
120.502 |
132.612 |
|
|
|
|
|
|
TOTAL |
370.556 |
362.083 |
327.695 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
192.413 |
217.486 |
195.129 |
|
(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 |
0.590 |
0.590 |
0.590 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and
Advances |
2.454 |
2.676 |
1.954 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
195.457 |
220.752 |
197.673 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
40.492 |
31.021 |
18.651 |
|
(c) Trade receivables |
115.811 |
85.684 |
92.767 |
|
(d) Cash and cash equivalents |
5.504 |
7.366 |
6.540 |
|
(e) Short-term loans and
advances |
13.292 |
17.260 |
12.064 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
175.099 |
141.331 |
130.022 |
|
|
|
|
|
|
TOTAL |
370.556 |
362.083 |
327.695 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Gross Revenue |
364.955 |
352.707 |
365.626 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
NET PROFIT |
4.493 |
1.183 |
17.255 |
|
Expected Sales (2014-2015) : Rs. 370.000 Million
The above information has been parted by Mr. Mustafa
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
NA
|
NA |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA
|
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.03 |
2.29 |
2.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.19 |
1.17 |
0.98 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
48.850 |
51.700 |
54.850 |
|
Reserves & Surplus |
40.020 |
40.506 |
43.877 |
|
Net
worth |
88.870 |
92.206 |
98.727 |
|
|
|
|
|
|
long-term borrowings |
99.378 |
142.703 |
118.683 |
|
Short term borrowings |
79.144 |
68.638 |
81.923 |
|
Total
borrowings |
178.522 |
211.341 |
200.606 |
|
Debt/Equity
ratio |
2.009 |
2.292 |
2.032 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Gross Revenue |
365.626 |
352.707 |
364.955 |
|
|
|
-3.533 |
3.473 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR) |
(INR) |
(INR) |
|
Gross Revenue |
365.626 |
352.707 |
364.955 |
|
Net Profit |
17.255 |
1.183 |
4.493 |
|
|
4.72% |
0.34% |
1.23% |
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
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 |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if
applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Short-term
borrowings |
|
|
|
Loans and advances from others |
7.650 |
3.509 |
|
|
|
|
|
Total |
7.650 |
3.509 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10508950 |
01/07/2014 |
2,448,000.00 |
ABHYUDAYA
CO-OPERATIVE BANK LIMITED |
Administrative Office,
K. K. Tower, Abhyudaya Bank, Lane, Off. G. D. Ambekar Marg, Parel Village,
Mumbai, Maharashtra - 400012, India |
C11243011 |
|
2 |
10502819 |
10/05/2014 |
7,000,000.00 |
ABHYUDAYA
CO-OPERATIVE BANK LIMITED |
Administrative Office,
K. K. Tower, Abhyudaya Bank Lane, Off. G. D. Ambekar Marg, Parel
Village, Mumbai, Maharashtra - 400012, India |
C06554273 |
|
3 |
10356784 |
27/04/2012 |
39,000,000.00 |
ABHYUDAYA CO-OP.
BANK LIMITED. |
Administrative Office,
K.K.Tower, Abhyudaya Bank Lane, G. D. Ambekar Marg, Parel Village, Mumbai,
Maharashtra - 400012, India |
B40016628 |
|
4 |
10296103 |
04/07/2011 |
12,600,000.00 |
ABHYUDAYA CO-OP.
BANK LIMITED. |
Administrative Office,
K. K. Tower, Abhyudaya Bank Lane, G. D. Ambedkar Marg, Parel Village,,
Mumbai, |
B16517716 |
|
5 |
10139788 |
02/07/2012 * |
204,689,000.00 |
ABHYUDAYA CO.
OP. BANK LIMITED. |
Administrative Office,
K. K. Tower, Abhyudaya Bank Lane off. G. D. Ambekar Marg, Parel Village,
Mumbai, Maharashtra - 400012, India |
B44470532 |
|
6 |
10102377 |
22/04/2008 |
29,300,000.00 |
ABHYUDAYA CO-OP.
BANK LIMITED. |
Administrative Office,
Off G. D. Ambekar Marg, Parel Village, Mumbai, Maharashtra - 400012, India |
A38192340 |
|
7 |
10110318 |
28/03/2008 |
22,900,000.00 |
CITICORP FINANCE
(I) LIMITED |
2nd Floor, Cititower,
61, Dr. S. S. Rao Road, Parel, Mumbai, Maharashtra - 400012, India |
A39914288 |
|
8 |
10021894 |
23/09/2006 |
90,653,722.00 |
ABHYUDAYA CO-OP.
BANK LIMITED. |
Administrstive Office,,
Parel Village, G. D. Ambekar Marg,, Mumbai, Maharashtra - 400012, India |
A05259130 |
|
9 |
90223189 |
25/09/2000 |
1,000,000.00 |
ABHYUDAYA CO-OP.
BANK LIMITED. |
Administrative
Office, Parel Village, Mumbai, Maharashtra - 400012, India |
- |
|
10 |
90223114 |
27/04/2012 * |
70,000,000.00 |
ABHYUDAYA CO-OP.
BANK LIMITED. |
Administrative
Office, K.K.Tower, Abhyudaya Bank Lane, Off G.D.Ambekar Marg, Parel Village,
Mumbai, Maharashtra - 400012, India |
B40019077 |
|
11 |
90222991 |
05/03/1999 |
14,300,000.00 |
BANK OF BARODA |
Worli Branch, Mumbai, Maharashtra, India |
- |
|
12 |
90222591 |
05/03/1999 * |
6,500,000.00 |
BANK OF BARODA |
Worli Branch, Mumbai, Maharashtra, India |
- |
* Date of charge modification
FINANCIAL
During the year 2013-14, there was a slight drop in the gross revenue i.e. Rs.364.955 Million as against the gross revenue of Rs.352.707 Million during the previous year. During the year the company earned the net profit of Rs.4.493 Million as against the net profit of Rs. 1.183 Million during the previous year. During the year, the classification the authorized share capital was altered to facilitate issue of additional preference shares. There was increase in the preference share capital.
FIXED ASSETS
- Building
- Plant and
Equipment
- Factory
Equipment
- Motor
Vehicles
- Computer
Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.63.40 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.68.48 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
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 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
|
42 |
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.