MIRA INFORM REPORT
|
Report No. : |
320183 |
|
Report Date : |
30.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
SARA PLAST
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.34, Industrial Estate, Gat No. 156+1544+168+169+170+171,
Village Sanaswadi, Taluka Shirur - 412208, Maharashtra |
|
Tel. No.: |
91-20-25537551 / 27290604 / 27292601 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
28.02.2006 |
|
|
|
|
Com. Reg. No.: |
11-022093 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 11.628 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209PN2006PTC022093 |
|
|
|
|
IEC No.: |
3106002867 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNES18793F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJC56876Q |
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|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Portable Sanitation Systems. |
|
|
|
|
No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually correct |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having satisfactory track record. The company has reported yet another good financial year performance
where it has witnessed decent increase in its turnover. The company has
healthy financial risk financial risk profile marked by good net worth and
comfortable liquidity position during FY 2014. Profit margin of the company
is sound. Trade relations reported to be fair. Business is active. Payments are
reported to be usually correct. In the view of good financial performance, subject 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
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. Prasad Bhole |
|
Designation : |
Account Manager |
|
Contact No.: |
91-9860426402 |
|
Date : |
29.04.2015 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No.34, Industrial Estate, Gat No. 156+1544+168+169+170+171,
Village Sanaswadi, Taluka Shirur - 412208, Maharashtra, India |
|
Tel. No.: |
91-20-25537551 / 27290604 / 27292601 |
|
Mobile No.: |
91-9860426402 (Mr. Prasad Bhole) |
|
Fax No.: |
91-20-25539580 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Door No.203, Rutuja Complex, Nachiket Park, Dania Road, Pune-411045,
Maharashtra, India |
|
Tel. No.: |
91-20-27292601 |
|
Fax No.: |
91-20-27292609 |
|
|
|
|
Branch Office : |
Located At: *
Mumbai *
Pune *
Delhi *
Bangalore *
Chennai *
Hyderabad |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Rajeev Dilip Kher |
|
Designation : |
Managing director |
|
Address : |
3, Navshantiban Society, 1134/2, Shivaji Nagar, Pune – 411016, |
|
Date of Birth/Age : |
14.10.1974 |
|
Date of Appointment : |
28.02.2006 |
|
DIN : |
00764123 |
|
|
|
|
Name : |
Ms. Ulka Ashok Sadalkar |
|
Designation : |
Whole-time director |
|
Address : |
702, Jasper Lapis, Lazuli, 5th Lane, South Main Road,
Koregaopark, Pune – 411001, Maharashtra, India |
|
Date of Birth/Age : |
18.05.1976 |
|
Date of Appointment : |
28.02.2006 |
|
DIN : |
00676822 |
|
|
|
|
Name : |
Mr. Ranjit Dilip Kher |
|
Designation : |
Whole-time director |
|
Address : |
3, Navshantiban Society, 1134/2, Shivaji Nagar, Pune – 411016, |
|
Date of Birth/Age : |
02.02.1976 |
|
Date of Appointment : |
01.08.2006 |
|
DIN : |
00764054 |
|
|
|
|
Name : |
Mr. Noshir Dady Colah |
|
Designation : |
Nominee director |
|
Address : |
5-8, Spenta, B.G.Kher Marg, Mumbai-400006, Maharashtra, India |
|
Date of Birth/Age : |
13.01.1961 |
|
Date of Appointment : |
29.08.2011 |
|
DIN : |
02272595 |
|
|
|
|
Name : |
Mr. Chandani Anand |
|
Designation : |
Nominee Director |
|
Address : |
No. 385 13th Main, Rajamhal Vilas Extension, Banglore –
560080, Karnatka, India |
|
Date of Birth/Age : |
24.01.1972 |
|
Date of Appointment : |
30.05.2013 |
|
DIN : |
00081658 |
KEY EXECUTIVES
|
Name : |
Mr. Prasad Bhole |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Rajeev Dilip Kher |
311000 |
26.74 |
|
Ulka Ashok Sadalkar |
110000 |
9.46 |
|
Ranjit Dilip Kher |
110000 |
9.46 |
|
Dilip Vasudeo Kher |
210000 |
18.06 |
|
Sara Rajiv Kher |
19500 |
1.68 |
|
Ira Rajiv Kher |
19500 |
1.68 |
|
Aavishkaar Venture Trustees Private Limited |
207342 |
17.83 |
|
Responsibility venture I – Kommanditgesellschaft Furkollektive
Kapitalanlagen |
175527 |
15.09 |
|
Total |
1162869 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Venture Capital |
32.92 |
|
Directors or relatives of Directors |
67.08 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Portable Sanitation Systems. |
|
|
|
|
Products : |
Not Available |
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|
|
|
Brand Names : |
Not Available |
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|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
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Products : |
Finished goods |
|
Countries : |
Kenya |
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Imports : |
|
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Products : |
Raw material |
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Countries : |
USA |
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Terms : |
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Selling : |
Cash and Credit (30/60/90 Days) |
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|
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Purchasing : |
Cash and Credit (30/60/90 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users, OEM’s
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No. of Employees : |
400 (Approximately) |
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Bankers : |
Indian Overseas Bank Aundha Branch, 161/162 Supriya Towers, Nagaras Road, Near Medipoint Hospital Aundh, Pune - 411007, Maharashtra, India |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Gokhale Tanksale and Ghatpande Chartered Accountants |
|
Address : |
102, R.K. Classic, New D.P. Road, Oppo Ashish Garden, Kothrud, pune – 411029, Maharashtra, India |
|
Tel. No. : |
91-20-25388390 / 25389154 / 25399914 |
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Mobile No. : |
91-20-25389302 |
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E-Mail : |
|
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PAN
No. : |
AACFG4275H |
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|
|
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
|
|
Related
Parties : |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,250,000 |
Equity Shares |
Rs.10/- each |
Rs.12.500 Million |
|
172000 |
Preference Shares |
Rs.10/- each |
Rs.1.720 Million |
|
|
|
|
Rs.14.220
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1162869 |
Equity Shares |
Rs.10/- each |
Rs.11.628 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
11.628 |
9.873 |
9.873 |
|
(b) Reserves & Surplus |
174.992 |
85.758 |
73.664 |
|
(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) |
186.620 |
95.631 |
83.537 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
31.443 |
18.255 |
13.520 |
|
(b) Deferred tax liabilities
(Net) |
6.984 |
5.862 |
3.963 |
|
(c) Other long term
liabilities |
2.252 |
2.209 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
40.679 |
26.326 |
17.483 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
35.176 |
24.315 |
14.605 |
|
(b) Trade payables |
10.971 |
15.035 |
7.141 |
|
(c) Other current liabilities |
16.134 |
14.724 |
9.977 |
|
(d) Short-term provisions |
8.263 |
12.723 |
17.567 |
|
Total
Current Liabilities (4) |
70.544 |
66.797 |
49.290 |
|
|
|
|
|
|
TOTAL |
297.843 |
188.754 |
150.310 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
140.188 |
99.259 |
81.810 |
|
(ii) Intangible Assets |
1.015 |
0.480 |
0.644 |
|
(iii) Capital work-in-progress |
16.344 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
4.168 |
4.041 |
3.020 |
|
Total
Non-Current Assets |
161.715 |
103.780 |
85.474 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
27.842 |
12.351 |
11.167 |
|
(c) Trade receivables |
68.538 |
40.622 |
27.390 |
|
(d) Cash and cash equivalents |
21.731 |
15.084 |
8.076 |
|
(e) Short-term loans and
advances |
3.685 |
1.082 |
0.736 |
|
(f) Other current assets |
14.332 |
15.835 |
17.467 |
|
Total
Current Assets |
136.128 |
84.974 |
64.836 |
|
|
|
|
|
|
TOTAL |
297.843 |
188.754 |
150.310 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
175.037 |
136.763 |
111.117 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
157.260 |
116.219 |
83.698 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
17.777 |
20.544 |
27.419 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.415 |
6.876 |
8.536 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
13.362 |
13.668 |
18.883 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
5.056 |
0.000 |
0.016 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and consumables |
26.420 |
13.094 |
11.224 |
|
|
TOTAL IMPORTS |
26.420 |
13.094 |
11.224 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
11.49 |
13.84 |
19.12 |
|
Expected Sales (2014-15) : Rs. 200.000 Million
The above information has been parted by Mr. Prasad Bhole (Accounts
Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
7.63 |
9.99 |
16.99 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.32 |
10.88 |
18.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.21 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.36 |
0.45 |
0.34 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.93 |
1.27 |
1.32 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
9.873 |
9.873 |
11.628 |
|
Reserves & Surplus |
73.664 |
85.758 |
174.992 |
|
Net
worth |
83.537 |
95.631 |
186.620 |
|
|
|
|
|
|
long-term borrowings |
13.520 |
18.255 |
31.443 |
|
Short term borrowings |
14.605 |
24.315 |
35.176 |
|
Total
borrowings |
28.125 |
42.570 |
66.619 |
|
Debt/Equity
ratio |
0.337 |
0.445 |
0.357 |
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) |
|
Sales |
111.117 |
136.763 |
175.037 |
|
|
|
23.080 |
27.986 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
111.117 |
136.763 |
175.037 |
|
Profit |
18.883 |
13.668 |
13.362 |
|
|
16.99% |
9.99% |
7.63% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
|
Particular |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current
maturities of long-term debt |
11.205 |
7.195 |
4.141 |
|
Total |
|
|
|
|
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 |
No |
|
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 |
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 |
(Rs.
In Million)
|
UNSECURED LOAN |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
Long Term
Borrowing |
|
|
|
Loans and advances from related parties |
1.015 |
2.473 |
|
Total |
1.015 |
2.473 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10515296 |
11/07/2014 |
1,740,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W , MUMBAI, Maharashtra
- 400013, INDIA |
C16663478 |
|
2 |
10521897 |
04/04/2014 |
2,575,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W , MUMBAI,
Maharashtra - 400013, INDIA |
C22313662 |
|
3 |
10478247 |
18/02/2014 |
8,039,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W , MUMBAI,
Maharashtra - 400013, INDIA |
B96664198 |
|
4 |
10473534 |
23/01/2014 |
2,196,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra
- 400013, INDIA |
B94696614 |
|
5 |
10473533 |
23/01/2014 |
2,506,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra
- 400013, INDIA |
B94696283 |
|
6 |
10444246 |
27/01/2015 * |
106,500,000.00 |
Axis Bank Limited |
Corporate Banking Branch,214/215,City Mall, Second Floor, Ganeshkhind
Road, Pune, Maharashtra - 411007, INDIA |
C42422758 |
* Date of charge modification
FIXED ASSETS
- B.U. Bhandari
Industrial Estate Plot
- Building
- Plant and
Machinery
- Office
Equipment
- Furniture and
Fixture
- 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.63.20 |
|
|
1 |
Rs.97.00 |
|
Euro |
1 |
Rs.69.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRP |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.