MIRA INFORM REPORT
|
Report No. : |
333794 |
|
Report Date : |
13.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
RAM DISTRIBUTORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B- 202, Prem Co-operative Hsg. Society, Saibaba Nagar, Opposite BMC Garden,
Borivali (West), Mumbai – 4000092, Maharashtra |
|
Tel. No.: |
-- |
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|
|
Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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|
|
Date of
Incorporation : |
28.06.1982 |
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|
|
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Com. Reg. No.: |
11-027660 |
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|
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Capital Investment
/ Paid-up Capital : |
Rs.2.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32300MH1982PTC027660 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in business of woven fabric. |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
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Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. Management has failed to file its financials to the government
department for the year 2013 and 2014. Further as per available financial of the year 2012, networth of the
company has eroded and it has taken huge external borrowings. However, Business active as per the status shown in the registrar of
the company. In view of absence of requisite information, the company can be
considered for business dealings with fully safe and secured 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.
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 |
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 DENIED
Unable to Contact
LOCATIONS
|
Registered Office : |
B- 202, Prem Co-operative Hsg. Society, Saibaba Nagar, Opposite BMC Garden,
Borivali (West), Mumbai – 4000092, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
|
Name : |
Mr. Vishal Janardan Shirke |
|
Designation : |
Director |
|
Address : |
107 Matoshree Apartment, Opposite Sainath Nagar S V Road Virar East, Virar, 401303, Maharashtra, India |
|
Date of Appointment : |
28.03.2013 |
|
DIN No.: |
06362867 |
|
|
|
|
Name : |
Mr. Shridhar Baliram Jadhav |
|
Designation : |
Director |
|
Address : |
B-01 Charkop Ekdant Co-Operative Hsg Society Limited, Opposite Sun Site Blgd. Plot No 835 RSC 24rd, Mumbai, 400067, Maharashtra, INDIA |
|
Date of Appointment : |
03.01.2014 |
|
DIN No.: |
06462788 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Ramfabric (I) Limited, India |
|
19900 |
|
Y. Gururaj Bhat |
|
95 |
|
Kiran Patade |
|
1 |
|
Swati Nayak |
|
1 |
|
Aarti Patil |
|
1 |
|
Resha Narkar |
|
1 |
|
Subhash Pawar |
|
1 |
|
Total |
|
20000 |
Equity Share Break up (Percentage of Total Equity)
As on 27.09.2012
|
Category |
Percentage |
|
Venture Capital |
99.00 |
|
Directors / Relatives |
1.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in business of woven fabric. |
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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 : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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||||||||||||||||||||||
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Auditors : |
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|
Name : |
Satya Prakash Natani and Company Chartered Accountants |
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Address : |
B-64, Priti Vihar, Thakur Complex, Kandivali (East), Mumbai – 400101,
Maharashtra, India |
|
Tel. No.: |
91-22-28549998 |
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Mobile No.: |
91-9820461621 |
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E-Mail : |
|
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PAN N Income-tax PAN of auditor or auditor's firm : |
ACCFS5576P |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : (As on 31.03.2015) |
Ramfabric (India) Limited CIN No.:U17115MH1982PLC027501 |
CAPITAL STRUCTURE
After As on
27.09.2012
Authorised Capital
:
Rs. 5.000 Million
Issued, Subscribed
& Paid Up Capital : Rs. 2.000 Million
As on 27.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
49500 |
Equity Shares |
Rs.100/- each |
Rs.4.950 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000 |
Equity Shares |
Rs.100/- each |
Rs.2.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
2.000 |
2.000 |
|
(b) Reserves & Surplus |
|
(2.263) |
(2.267) |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
(0.263) |
(0.267) |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
112.025 |
1.740 |
|
(b) Trade payables |
|
0.000 |
0.000 |
|
(c) Other current liabilities |
|
5.286 |
73.578 |
|
(d) Short-term provisions |
|
0.002 |
0.000 |
|
Total
Current Liabilities (4) |
|
117.313 |
75.318 |
|
|
|
|
|
|
TOTAL |
|
117.050 |
75.051 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
0.000 |
0.000 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
72.056 |
70.056 |
|
(b) Inventories |
|
0.000 |
0.000 |
|
(c) Trade receivables |
|
0.000 |
0.000 |
|
(d) Cash and cash equivalents |
|
-1.979 |
0.019 |
|
(e) Short-term loans and
advances |
|
46.973 |
4.976 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
117.050 |
75.051 |
|
|
|
|
|
|
TOTAL |
|
117.050 |
75.051 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1.214 |
|
|
4] (Accumulated Losses) |
|
|
(2.222) |
|
|
NETWORTH |
|
|
0.992 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
5.981 |
|
|
TOTAL BORROWING |
|
|
5.981 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
6.973 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.000 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
2.500 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000
|
|
|
Sundry Debtors |
|
|
6.681
|
|
|
Cash & Bank Balances |
|
|
0.007
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
0.000
|
|
Total
Current Assets |
|
|
6.688
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000
|
|
|
Other Current Liabilities |
|
|
0.000
|
|
|
Provisions |
|
|
2.215
|
|
Total
Current Liabilities |
|
|
2.215
|
|
|
Net Current Assets |
|
|
4.473
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
Profit and Loss Account |
|
|
|
|
|
TOTAL |
|
|
6.973 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SALES |
|
|
|
|
|
Revenue from Operations |
103.177 |
0.000 |
0.000 |
|
|
Other Income |
0.000 |
(1.250) |
0.000 |
|
|
TOTAL
|
103.177 |
(1.250) |
0.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
103.137 |
0.000 |
0.000 |
|
|
Employees benefits expense |
0.015 |
0.000 |
0.000 |
|
|
Administrative and Other
expenses |
0.019 |
0.008 |
1.553 |
|
|
TOTAL
|
103.171 |
0.008 |
1.553 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
0.006 |
(1.258) |
(1.553) |
|
|
|
|
|
|
|
Less |
TAX |
0.002 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
0.004 |
(1.258) |
(1.553) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(3.480) |
(2.222) |
(0.669) |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
(3.476) |
(3.480) |
(2.222) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
0.21 |
(62.92) |
(77.68) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.01 |
(1.68) |
(23.22) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.02) |
4.71 |
(1.57) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(425.95) |
(6.52) |
6.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.00 |
1.00 |
0.82 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2010 |
31.03.2012 |
31.03.2012 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
2.000 |
2.000 |
2.000 |
|
Reserves & Surplus |
1.214 |
(2.267) |
(2.263) |
|
Accumulated Losses () |
(2.222) |
0.000 |
0.000 |
|
Net
worth |
0.992 |
(0.267) |
(0.263) |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
5.981 |
1.740 |
112.025 |
|
Total
borrowings |
5.981 |
1.740 |
112.025 |
|
Debt/Equity
ratio |
6.029 |
(6.517) |
(425.951) |
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 one years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted from Ram House 4, Gaiwadiindl Estate, S.V. Road, Goregaon (West), Mumbai – 400062, Maharashtra, India to the present address w.e.f. 09.11.2011
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90222216 |
12/08/1993 |
15,000,000.00 |
STATE BANK OF INDIA |
MALAD (W) BANCH, BOMBAY, Maharashtra - 400064, INDIA |
- |
|
2 |
90224282 |
07/09/1991 |
5,000,000.00 |
STATE BANK OF INDIA |
MALAD (W) BRANCH, S.V. ROAD, BOMBAY, Maharashtra |
- |
|
3 |
90224030 |
28/12/1988 |
10,000,000.00 |
STATE BANK OF INDIA |
GHATKOPAR (W) BRANCH, L. B. S. MARG, BOMBAY, Maharashtra - 400086,
INDIA |
- |
|
4 |
90225644 |
28/12/1988 |
500,000.00 |
STATE BANK OF INDIA |
GHATKOPAR (W), L. B. S. MARG, BOMBAY, Maharashtra |
- |
|
5 |
90223963 |
17/02/1988 |
2,500,000.00 |
STATE BANK OF INDIA |
L. B. S. MARG, GHATKOPAR (W), BOMBAY, Maharashtra |
- |
|
6 |
90223881 |
31/10/1986 |
1,500,000.00 |
STATE BANK OF INDIA |
HOTEL AIRWAY BLDG. LBS MARG, GHATKOPAR (W), BOMBAY, Maharashtra -
400086, INDIA |
- |
|
7 |
90223819 |
04/03/1985 |
1,500,000.00 |
STATE BANK OF INDIA |
WORLI BANCH, DR. A. B.ROAD, BOMBAY, Maharashtra |
- |
|
8 |
90220976 |
24/08/1982 |
500,000.00 |
SYNDICATE BANK |
25/31; 1ST FLOOR, GANESHWADI; KALBADEVI, BOMBAY, |
- |
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 records 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.64.82 |
|
|
1 |
Rs.101.00 |
|
Euro |
1 |
Rs.71.82 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRP |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
1 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILITY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
11 |
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.