MIRA INFORM REPORT
|
Report No. : |
335350 |
|
Report Date : |
05.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
BEIERSDORF (INDIA) PAIVATE LIMITED (w.e.f.06.11.1990) |
|
|
|
|
Formerly Known
As : |
BEIERSDORF (INDIA) LIMITED (w.e.f. 01.02.1990) LEUKOPLAST (INDIA) PRIVATE LIMITED (w.e.f.01.12.1985) LEUKOPLAST (INDIA) LIMITED |
|
|
|
|
Registered
Office : |
CMM Building, Rua De Ourem, Panjim – 403001, Goa |
|
Tel. No.: |
91-832-2330688 / 2332034 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
01.12.1965 |
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|
|
|
Com. Reg. No.: |
24-000055 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.5.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24236GA1965PTC000055 |
|
|
|
|
IEC No.: |
1788001699 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRB02799G |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACB7395L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Trader and Exporter of Medicated dressing including wound and foot
care. |
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|
|
|
No. of Employees
: |
55 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
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|
|
Payment Behaviour : |
Regular |
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Litigation : |
Not Available |
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Comments : |
Subject is an old and established company incorporated during the year
1965 having a good track record. Available financial indicates company sound financial risk profile
marked by healthy net worth position with zero borrowings and favourable gap
between trade payable and trade receivables. Further, the rating also takes into consideration good profitability
margin of the company. Trade relations are reported as fair. Business is active. Payment terms
are reported to be regular and as per commitment. In view of long track record and sound financial base, 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
31-03-2013.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Shankar Narayan |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-8322324513 |
|
Date : |
04.08.2015 |
LOCATIONS
|
Registered Office : |
CMM Building, Rua De Ourem, Panjim – 403001, Goa, India |
|
Tel. No.: |
91-832-2330688 / 2332034 |
|
|
91-8322324513/9422413611 (Mr. Shankar Narayan) |
|
Fax No.: |
91-832-2330651 |
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E-Mail : |
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|
Website : |
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|
|
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Marketing / Administration Office : |
501-502, Sej Plaza, 5th Floor, Near Nutan High Sahool,
Marve Road, Malad |
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|
|
|
Warehouse : |
Located at India |
DIRECTORS
As on 27.09.2014
|
Name : |
Mr. Dean Wilfred Menezes |
|
Designation : |
Director |
|
Address : |
House No.553/13, Plot No.25-26, Palmar Colony, alto-Santacruza,
Panji-403202, Goa, India |
|
Date of Birth/Age : |
07.06.1965 |
|
Date of Appointment : |
11.07.1998 |
|
DIN No.: |
00013634 |
|
|
|
|
Name : |
Mr. Ramesh Sitaram Ghodge |
|
Designation : |
Managing Director |
|
Address : |
N Alanda Housing Complex, Aquem PO, Navelim, Margao-403707, Goa, India
|
|
Date of Birth/Age : |
17.03.1957 |
|
Date of Appointment : |
24.10.2001 |
|
DIN No.: |
00134266 |
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|
|
|
Name : |
Mr. Minoo Hormusji Mody |
|
Designation : |
Director |
|
Address : |
H No.8, Icasa Grande Little Gibbs Road, Hanging Gardens,
Mumbai-400006, Maharashtra, India |
|
Date of Birth/Age : |
11.06.1932 |
|
Date of Appointment : |
18.09.1989 |
|
DIN No.: |
00332104 |
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|
|
|
Name : |
Mr. Wolfgang Haak |
|
Designation : |
Director |
|
Address : |
CMM Building, Rua De Ourem, Panji-403001, Goa, India |
|
Date of Birth/Age : |
15.11.1958 |
|
Date of Appointment : |
23.03.2005 |
|
DIN No.: |
01039891 |
|
|
|
|
Name : |
Mr. Melanie Schrewe |
|
Designation : |
Additional Director |
|
Address : |
CMM Building, Rua De Ourem, Panji-403001, Goa, India |
|
Date of Birth/Age : |
11.09.1967 |
|
Date of Appointment : |
30.11.2006 |
|
DIN No.: |
01128592 |
|
|
|
|
Name : |
Mr. Dale Maxie De Lopes Menezes |
|
Designation : |
Director |
|
Address : |
House No.46, Altinho, Panaji-403001, Goa, India |
|
Date of Birth/Age : |
15.03.1972 |
|
Date of Appointment : |
15.06.2005 |
|
DIN No.: |
01822214 |
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|
|
|
Name : |
Mr. Stefan Norbert De Loecker |
|
Designation : |
Director |
|
Address : |
CMM Building, Rua De Ourem, Panji-403001, Goa, India |
|
Date of Birth/Age : |
06.06.1967 |
|
Date of Appointment : |
07.08.2012 |
|
DIN No.: |
06384264 |
KEY EXECUTIVES
|
Name : |
Mr. Ramesh Sitaram Ghodge |
|
Designation : |
Company Secretary |
|
Address : |
N Alanda Housing Complex, Aquem PO, Navelim, Margao-403707, Goa, India
|
|
Date of Birth/Age : |
17.03.1957 |
|
Date of Appointment : |
28.05.1993 |
|
PAN No.: |
ACKPG0030E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Menezes David Celilia |
|
250 |
|
Beiersdorf – AG, Germany |
|
25500 |
|
Menezes Wilfred Deana |
|
6025 |
|
Menezes Leo David |
|
6075 |
|
Menezes E Daniel |
|
6075 |
|
Menezes Dale |
|
6025 |
|
Menezes Dean Supriya |
|
50 |
|
|
|
|
|
Total |
|
50000 |
%20PAIVATE%20LIMITED%20-%20335350_MIRA%2005-Aug-2015_files/image013.gif)
Equity Share Break up (Percentage of Total Equity)
As on 27.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
51.00 |
|
Directors or relatives of Directors |
49.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Exporter of Medicated dressing including wound and foot
care. |
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|
|
|
Products : |
Not Available |
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|
Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
|
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Advance Payment |
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Purchasing : |
Cash and Advance Payment |
PRODUCTION STATUS AS ON (31.03.2013)
|
Particulars |
Unit |
Licensed Capacity |
Installed Capacity |
Actual Production |
|
Pharmaceutical Products |
Numbers |
NA |
NA |
7958043 |
|
Chemicals – Plastic and Polymers (Behasol Mas) |
Numbers |
NA |
NA |
16448 |
|
Misscellaneous Chemicals Products |
Numbers |
NA |
NA |
1370 |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Retailers and End Users
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No. of Employees : |
55 (Approximately) |
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Bankers : |
|
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Auditors : |
|
|
Name : |
S. V. Ghatalia and Associates Chartered Accountant |
|
Address : |
14th Floor, The Ruby, 29 Senapati Bapat Marg, Dadar (West),
Mumbai-400028, Maharashtra, India |
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Tel. No. : |
91-22-61970000 |
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Fax No. : |
91-22-61971000 |
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PAN
No. : |
AACFS6921Q |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding Company : |
Beiersdorf AG |
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Enterprises with same managing director: |
BSN Medical Private Limited |
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|
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Enterprises owned or significantly influenced by group
of individuals or their relatives who have control or significant influence
over the Company : |
Cosmo Matias
Menezes Private Limited (CMM) |
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|
|
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Fellow Subsidiary : |
Belersdorf
Shared Services Gmbh |
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|
Related Party : |
Nivea India Private
Limited |
CAPITAL STRUCTURE
As on 27.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs.50.000 Million |
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|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 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 |
5.000 |
5.000 |
5.000 |
|
(b) Reserves & Surplus |
53.032 |
245.500 |
201.635 |
|
(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) |
58.032 |
250.500 |
206.635 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
12.720 |
13.030 |
16.316 |
|
(d) long-term provisions |
0.712 |
3.636 |
2.952 |
|
Total
Non-current Liabilities (3) |
13.432 |
16.666 |
19.268 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
23.719 |
67.730 |
72.425 |
|
(c) Other current liabilities |
14.643 |
24.871 |
20.839 |
|
(d) Short-term provisions |
122.645 |
64.965 |
84.607 |
|
Total
Current Liabilities (4) |
161.007 |
157.566 |
177.871 |
|
|
|
|
|
|
TOTAL |
232.471 |
424.732 |
403.774 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
7.833 |
71.846 |
68.967 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.668 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.010 |
0.010 |
0.010 |
|
(c) Deferred tax assets (net) |
4.517 |
2.213 |
1.334 |
|
(d) Long-term Loan and Advances |
23.532 |
17.746 |
5.417 |
|
(e) Other Non-current assets |
34.348 |
14.651 |
8.623 |
|
Total
Non-Current Assets |
70.240 |
107.134 |
84.351 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
98.428 |
89.086 |
|
(b)Assets held for disposal |
1.415 |
0.000 |
0.000 |
|
(c) Inventories |
15.730 |
90.707 |
108.484 |
|
(d) Trade receivables |
49.059 |
85.681 |
77.945 |
|
(e) Cash and cash equivalents |
89.597 |
30.594 |
31.325 |
|
(f) Short-term loans and
advances |
5.593 |
11.669 |
12.318 |
|
(g) Other current assets |
0.837 |
0.519 |
0.265 |
|
Total
Current Assets |
162.231 |
317.598 |
319.423 |
|
|
|
|
|
|
TOTAL |
232.471 |
424.732 |
403.774 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
SALES |
717.679 |
740.621 |
737.156 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
|
616.852 |
600.239 |
581.696 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
100.827 |
140.382 |
155.46 |
|
|
|
|
|
|
|
Less |
TAX |
27.470 |
43.87 |
49.109 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
73.357 |
96.512 |
106.351 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
130.367 |
96.203 |
69.287 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
7.300 |
9.700 |
10.700 |
|
|
Dividend |
100.000 |
45.000 |
60.000 |
|
|
Tax on Dividend |
16.995 |
7.648 |
9.733 |
|
|
Adj: On account of Demerger |
33.696 |
0.000 |
0.000 |
|
|
Total
(M) |
157.991 |
62.348 |
80.433 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
45.733 |
130.367 |
95.205 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
3.424 |
3.445 |
4.27 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
51.194 |
58.886 |
59.023 |
|
|
Components and Stores parts |
1.981 |
2.886 |
1.948 |
|
|
TOTAL
IMPORTS |
53.175 |
61.772 |
60.971 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
1467.00 |
193.00 |
2136.00 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
530.900 |
Expected Sales (2015-2016 ) : Rs. 600.000 Million (As claimed by Mr.
Shankar Narayan, the subject was in business of manufacturing and trading of medicated
dressing, however currently the company is focusing on only trading.)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
124.836 |
150.351 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
10.22 |
13.03 |
14.43 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
44.23 |
33.28 |
38.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.74 |
0.56 |
0.75 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.01 |
2.02 |
1.80 |
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 |
5.000 |
5.000 |
5.000 |
|
Reserves & Surplus |
201.635 |
245.500 |
53.032 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
206.635 |
250.500 |
58.032 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
%20PAIVATE%20LIMITED%20-%20335350_MIRA%2005-Aug-2015_files/image015.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) |
|
Sales |
737.156 |
740.621 |
717.679 |
|
|
|
0.470 |
(3.098) |
%20PAIVATE%20LIMITED%20-%20335350_MIRA%2005-Aug-2015_files/image017.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 |
737.156 |
740.621 |
717.679 |
|
Profit |
106.351 |
96.512 |
73.357 |
|
|
14.43% |
13.03% |
10.22% |
%20PAIVATE%20LIMITED%20-%20335350_MIRA%2005-Aug-2015_files/image019.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 four 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 |
OUTLOOK
The business still
faces stiff competition on price front from small manufacturers. The price and
not quality seems to be on the mind of consumers for our category of products.
The Company has taken various steps to promote the products.
CORPORATE INFORMATION
Company was incorporated in 1965 as "Leukoplast India Private
Limited". The Company is primarily engaged in the business of
manufacturing and marketing of first aid dressing and surgical dressings.
The manufacturing division of the company has been transferred to the
Belladona plasters Limited on going concern basis w.e.f. January 01, 2014
pursuant to the scheme of arrangement approved by the Hon’ble Mumbai high Court
at Goa.
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90076035 |
28/09/1992 * |
6,960,000.00 |
CANARA BANK |
PANJIM, GOA, Goa, INDIA |
- |
|
2 |
90076009 |
28/09/1992 * |
2,800,000.00 |
CANARA BANK |
PANJIM, GOA, Goa, INDIA |
- |
|
3 |
90076618 |
24/01/1997 * |
1,500,000.00 |
CANARA BANK |
MITTAL TOWER C WING MARIMAN POINT, MUMBAI, Maha |
- |
|
4 |
90075889 |
12/09/1979 |
4,500,000.00 |
CANARA BANK |
PANAJI, GOA, Goa, INDIA |
- |
|
5 |
90075859 |
22/10/2003 * |
1,500,000.00 |
CANARA BANK |
NARIMAN POINT BR MITTAL TOWER C NARIMAN POINT, M |
- |
|
6 |
90076960 |
25/07/1989 * |
1,500,000.00 |
CANARA BANK |
PANJIM, GOA, Goa, INDIA |
- |
|
7 |
90075850 |
23/11/1970 |
650,000.00 |
CANARA BANK |
PANJIM, GOA, Goa, INDIA |
- |
*Date of charge modification
FIXED ASSETS
œ
Land
œ
Building
œ
Plant and Machinery
œ
Air Conditioner
œ
Diesel Generating Set
œ
R and D Equipment
œ
Furniture and Fixtures
and Equipment
œ
Data Processing Machines
œ
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.63.93 |
|
|
1 |
Rs.99.82 |
|
Euro |
1 |
Rs.70.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
54 |
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.