MIRA
INFORM REPORT
|
Report No. : |
334239 |
|
Report Date : |
01.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
ALOK INGOTS (MUMBAI) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
119, Dadiseth AgiaryLane, 1st Floor, Mumbai- 400002, |
|
Tel. No.: |
91-22-22080815 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
08.07.2004 |
|
|
|
|
Com. Reg. No.: |
11-147383 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.41.201 Million |
|
|
|
|
IEC No.: |
0304079421 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100MH2004PTC147383 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA23914C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA7915K |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer of Steel. |
|
|
|
|
No. of Employees
: |
80 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Alok Ingots Mumbai Private Limited is a Private Company incorporated
on 08 July 2004. It is classifies as Indian Non-Government Company and is
registered at Registrar of Companies, Mumbai. Its authorized share capital is
Rs.45.000 Million and its paid up capital is Rs.41.201 Million. Profitability of the company is under pressure. Rating takes into
consideration, subject below average financial risk profile marked by weak
net worth base, high gearing and small cash balance. Trade relations are fair. Business is active. Payment terms are
reported to be slow. In the view of experienced promoters, the subject can be considered
for business dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating=B+ |
|
Rating Explanation |
Risk pron credit quality and carries very high credit risk. |
|
Date |
30.03.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating=A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
30.03.2015 |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Ms. Anuja |
|
Designation : |
Account Department |
|
Contact No.: |
91-251-2440088 |
|
Date : |
29.07.2015 |
LOCATIONS
|
Registered Office : |
119, Dadiseth AgiaryLane, 1st Floor, Mumbai- 400002,
Maharashtra, India |
|
Tel. No.: |
91-22-22080815 |
|
Mobile No.: |
91-9987770330 (Mr. Ramesh) |
|
Fax No.: |
91-22-22080813 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality: |
Commercial |
|
|
|
|
Factory : |
95/3/2, |
|
Fax No.: |
91-251-2432200 |
|
E-Mail : |
|
|
|
|
|
Corporate Office: |
2F, Court Chambers, 35 New Marine Lines, Mumbai – 400020, Maharashtra,
India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Ashokkumar Hariprasad Garodia |
|
Designation : |
Director |
|
Address : |
10, Navdarya Mahal No.2, 80, Nepeansea Road, Mumbai – 400006,
Maharashtra, India |
|
Date of Birth/Age : |
02.10.1956 |
|
Date of Appointment : |
08.07.2004 |
|
DIN No.: |
00244236 |
|
|
|
|
Name : |
Mr. Deendayal Hariprasad Garodia |
|
Designation : |
Director |
|
Address : |
54, Navdarya Mahal No.2, 80, Nepeansea Road, Mumbai – 400006,
Maharashtra, India |
|
Date of Birth/Age : |
09.12.1957 |
|
Date of Appointment : |
08.07.2004 |
|
DIN No.: |
00244170 |
|
Other Directorship: |
|
|
|
|
|
Name : |
Mr. Alok Ashok Kumar Garodia |
|
Designation : |
Director |
|
Address : |
10, Navdarya Mahal No.2, 80, Nepeansea Road, Mumbai – 400006,
Maharashtra, India |
|
Date of Birth/Age : |
14.01.1981 |
|
Date of Appointment : |
30.09.2005 |
|
DIN No.: |
00244293 |
|
|
|
|
Name : |
Mr. Ramesh Tolram Indoria |
|
Designation : |
Director |
|
Address : |
1st Floor,
Prathamesh Niwas, Shivaji Nagar, Sawami Samarth Mandir Road, Wada,
Thane, Maharashtra, India |
|
Date of Birth/Age : |
18.08.1956 |
|
Date of Appointment : |
30.09.2006 |
|
DIN No.: |
01498217 |
KEY EXECUTIVES
|
Name : |
Ms. Anuja |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Ashokkumar Hariprasad Garodia |
|
75500 |
|
Deendayal Hariprasad Garodia |
|
223000 |
|
Hariprasad Nawalram Garodia |
|
339900 |
|
Geetadevi Hariprasad Garodia |
|
63300 |
|
Premlata Ashokkumar Garodia |
|
300000 |
|
Nirmaladevi Deendayal Garodia |
|
208400 |
|
Varun Deendayal Garodia |
|
153450 |
|
Alokkumar Ashokkumar Garodia |
|
189350 |
|
Vijayalaxmi Sitaram Sirsewala |
|
27100 |
|
Ramesh Tolaram Indoria |
|
100 |
|
Jay Industrial Chemicals Private Limited, India |
|
420000 |
|
Nirmala Process (Bombay), Private Limited |
|
100000 |
|
Ashokkumar Garodia – Kata of Ashokkumar Hariprasad (HUF) |
|
20000 |
|
Jay Industrial Chemicals Private Limited |
|
1900000 |
|
Hariprasad Nawalram Garodia |
|
100000 |
|
Total |
|
4120100 |
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
24.52 |
|
Directors or relatives of Directors |
75.48 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20334239%2001-Aug-2015_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Steel. |
|
|
|
|
Products : |
·
Steel |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
·
USA |
|
|
|
|
Imports : |
|
|
Products : |
Scrap |
|
Countries : |
·
Dubai ·
Germany |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Cheque |
|
|
|
|
Purchasing : |
Cash and Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers and Retailers
|
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No. of Employees : |
80 (Approximately) |
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Bankers : |
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|||||||||||||||||||||||||||
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|||||||||||||||||||||||||||
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Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Pansari and Dalmia Chartered Accountants |
|
Address : |
5/98, Nityanand Nagar-IV, Swami Nityanad Road, Andheri (East), Mumbai
– 400069, Maharashtra, India |
|
Tel. No.: |
91-22-26848269/26848327 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor’s firm : |
AAAFP1570E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other Related Parties : |
·
Jay Industrial Chemical Private Limited ·
Nirmala Process (Bom) Private Limited ·
Alok Dyeing and Bleaching (Bom) Private Limited |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 Million |
|
2000000 |
Preference Shares |
Rs.10/-each |
Rs.20.000 Million |
|
|
Total |
|
Rs.45.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2120100 |
Equity Shares |
Rs.10/- each |
Rs.21.201
Million |
|
2000000 |
Preference Shares |
Rs.10/- each |
Rs.20.000
Million |
|
|
Total |
|
Rs.41.201
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 |
41.201 |
41.201 |
21.201 |
|
(b) Reserves & Surplus |
14.466 |
35.653 |
66.431 |
|
€ 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) |
55.667 |
76.854 |
87.632 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
72.000 |
59.407 |
70.089 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
€ Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
72.000 |
59.407 |
70.089 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
128.326 |
118.856 |
118.104 |
|
(b) Trade payables |
66.687 |
60.251 |
98.870 |
|
€ Other current liabilities |
19.194 |
28.785 |
29.269 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
214.207 |
207.892 |
246.243 |
|
|
|
|
|
|
TOTAL |
341.874 |
344.153 |
403.964 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
120.212 |
127.026 |
135.101 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.716 |
|
(iii) Capital work-in-progress |
0.141 |
0.141 |
0.141 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
€ Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
3.072 |
5.464 |
5.553 |
|
€ Other Non-current assets |
0.085 |
0.113 |
0.007 |
|
Total
Non-Current Assets |
123.510 |
132.744 |
141.518 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
84.927 |
98.728 |
96.064 |
|
€ Trade receivables |
111.932 |
83.975 |
105.238 |
|
(d) Cash and cash equivalents |
7.027 |
6.672 |
6.979 |
|
€ Short-term loans and
advances |
14.478 |
22.034 |
54.165 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
218.364 |
211.409 |
262.446 |
|
|
|
|
|
|
TOTAL |
341.874 |
344.153 |
403.964 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
TOTAL
INCOME |
750.899 |
760.451 |
877.990 |
|
|
|
|
|
|
|
Less |
EXPENSES |
732.338 |
750.827 |
858.103 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
18.561 |
9.624 |
19.887 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
(30.680) |
(30.634) |
(27.933) |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
49.241 |
40.258 |
47.820 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
(9.069) |
(9.769) |
(9.605) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
58.310 |
50.027 |
57.425 |
|
|
|
|
|
|
|
Less |
TAX |
79.497 |
80.806 |
70.631 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(21.187) |
(30.779) |
(13.206) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(7.847) |
22.932 |
36.138 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
(29.034) |
(7.847) |
22.932 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
62.129 |
39.885 |
54.001 |
|
|
TOTAL
EARNINGS |
62.129 |
39.885 |
54.001 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
144.452 |
205.023 |
205.730 |
|
|
Stores and parts |
2.074 |
0.000 |
0.434 |
|
|
Traded Goods |
32.957 |
7.482 |
8.337 |
|
|
TOTAL
IMPORTS |
179.483 |
212.505 |
214.501 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(5.14) |
(7.47) |
(3.21) |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
940.000 |
|
|
|
|
|
Expected Sales (2015-2016) : Rs.1000.000 Million
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
10.057 |
13.800 |
14.000 |
|
Cash generated from operations |
NA |
23.970 |
16.997 |
|
Net cash flow from operating activity |
NA |
23.927 |
16.718 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(2.82) |
(4.05) |
(1.50) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
2.47 |
1.27 |
2.27 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.06 |
14.54 |
14.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.05 |
0.65 |
0.66 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.78 |
2.50 |
2.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.02 |
1.02 |
1.07 |
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 |
21.201 |
41.201 |
41.201 |
|
Reserves & Surplus |
66.431 |
35.653 |
14.466 |
|
Net
worth |
87.632 |
76.854 |
55.667 |
|
long-term borrowings |
70.089 |
59.407 |
72.000 |
|
Short term borrowings |
118.104 |
118.856 |
128.326 |
|
Current Maturities of
Long-Term Debts |
14.000 |
13.800 |
10.057 |
|
Total
borrowings |
202.193 |
192.063 |
210.383 |
|
Debt/Equity
ratio |
2.307 |
2.499 |
3.779 |
%20PRIVATE%20LIMITED%20-%20334239%2001-Aug-2015_files/image004.gif)
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) |
|
Total Income |
877.990 |
760.451 |
750.899 |
|
|
|
(13.387) |
(1.256) |
%20PRIVATE%20LIMITED%20-%20334239%2001-Aug-2015_files/image006.gif)
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 |
877.990 |
760.451 |
750.899 |
|
Profit |
(13.206) |
(30.779) |
(21.187) |
|
|
(1.50%) |
(4.05%) |
(2.82%) |
%20PRIVATE%20LIMITED%20-%20334239%2001-Aug-2015_files/image008.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter involved
in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
|
|
|
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans from related parties |
72.000 |
49.35 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
From Related Parties |
6.047 |
9.454 |
|
From Others |
14.760 |
15.528 |
|
|
|
|
|
Total |
92.807 |
74.333 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
80013459 |
19/07/2011 * |
216,000,000.00 |
State Bank of India |
Industrial Finance
Branch, 2nd Floor, The Arcade, |
B20300174 |
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
Letters
of credit with scheduled Banks (Inland) |
2.035 |
35.797 |
|
Letters
of credit with scheduled Banks (Foreign) |
18.945 |
-- |
|
Bank
Gurantees |
11.050 |
13.146 |
|
Inland
Bills |
-- |
6.337 |
|
Excise
Duty Refund Claim Rejected but not provided for |
1.152 |
1.241 |
|
Sales
Tax Penalty (Net of amount paid) |
0.189 |
-- |
FIXED ASSETS
·
Land
·
Factory Building
·
Office Building
·
Plant and Machinery
·
Electrical Installation
·
Air Conditioner
·
Furniture and Fitting
·
Office Equipments
·
Computer System
·
Vehicles
·
Commercial 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.64.00 |
|
|
1 |
Rs.99.83 |
|
Euro |
1 |
Rs.70.07 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYA |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
|
26 |
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.