MIRA INFORM REPORT
|
Report No. : |
336552 |
|
Report Date : |
13.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
SUMAX
ENTERPRISES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Sub Plot 1 and 2, Final Plot. 111, T. P. Scheme No. II, Ramtekdi
Industrial Estate Hadapsar, Pune – 411028, Maharashtra |
|
Tel. No.: |
91-20-64008815 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
27.04.2005 |
|
|
|
|
Com. Reg. No.: |
11-020631 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.15.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299PN2005PTC020631 |
|
|
|
|
IEC No.: |
3105007695 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNES14473E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJCS0017K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is primarily engaged in providing job work services
for various products including turbine housing, Carrier forging, rotary
table, flange cover and body, etc. and is also engaged in manufacturing and
selling of planet pinion carrier and other products. |
|
|
|
|
No. of Employees
: |
80 (Approximately) [50 – Permanent ; 30 – Contract] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Sumax Enterprises Private Limited incorporated on 2006, it is
established company having satisfactory track record. The rating take comfort from the promoter’s extensive experience in
automobile industry, established market, and improvement in financial
performance, negligible debt marked by increase in the total operating income
and profitability margins during FY 2013-2014. Rating constrained by working capital intensive nature of operations
with high operating cycle, cyclicality in the automobile industry and high
degree of competition. Trade relations are fair. Business is active. Payment terms are reported
to be usual correct. In view of sound operational and financial base, the company can be
considered normal for business dealing with its 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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. H. H. Hampiholi |
|
Designation : |
HR Manager |
|
Contact No.: |
91-9225649137 |
|
Date : |
12.08.2015 |
LOCATIONS
|
Registered Office / Factory : |
Sub Plot 1 and 2, Final Plot. 111, T. P. Scheme No. II, Ramtekdi Industrial
Estate Hadapsar, Pune – 411028, Maharashtra, India |
|
Tel. No.: |
91-20-64008815 |
|
Mobile No.: |
91-9225649137 (Mr. H. H. Hampiholi) |
|
Fax No.: |
91-20-64016680 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Industrial |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Rajesh Channabasav Suttatti |
|
Designation : |
Managing Director |
|
Address : |
Mulberry Garden I, MPT, 16, Plot No. 9P -10, Magarpatta City, Hadapsar, Pune - 411028, Maharashtra, India |
|
Date of Birth/Age : |
20.01.1962 |
|
Date of Appointment : |
27.04.2005 |
|
DIN No.: |
00636022 |
|
|
|
|
Name : |
Mr. Vijay Channabasav Suttatti |
|
Designation : |
Director |
|
Address : |
Mulberry Garden I, MPT 16, Plot No. 8 – 9P, Magarpatta City, Hadapsar, Pune - 411028, Maharashtra, India |
|
Date of Birth/Age : |
14.05.1972 |
|
Date of Appointment : |
27.04.2005 |
|
DIN No.: |
00636143 |
|
|
|
|
Name : |
Mr. Channabasav Gurappa Suttatti |
|
Designation : |
Director |
|
Address : |
Mulberry Garden I, MPT Plot No. 8 – 9P, Magarpatta City, Hadapsar, Pune - 411028, Maharashtra, India |
|
Date of Birth/Age : |
30.12.1933 |
|
Date of Appointment : |
28.09.2005 |
|
DIN No.: |
00636156 |
|
|
|
|
Name : |
Mr. Deepak Pandit Suttatti |
|
Designation : |
Director |
|
Address : |
Flat No. 404, Building-Y, Sacred Heart Town, Wanwadi, Pune - 411040, Maharashtra, India |
|
Date of Birth/Age : |
17.10.1973 |
|
Date of Appointment : |
27.04.2005 |
|
DIN No.: |
01422347 |
|
|
|
|
Name : |
Mr. Mahesh Pandit Suttatti |
|
Designation : |
Director |
|
Address : |
S. No. 75/2, Sacred Heart Town Building Y, Flat No. 404, Near Shivarkar Garden, Wanawadi, Pune - 411040, Maharashtra, India |
|
Date of Birth/Age : |
19.03.1978 |
|
Date of Appointment : |
27.04.2005 |
|
DIN No.: |
01497000 |
|
|
|
|
Name : |
Mr. Aditya Rajesh Suttatti |
|
Designation : |
Director |
|
Address : |
Mulberry Garden, MPT - 16, Plot No. 9P - 10, Magarpatta City Hadapsar, Pune - 411028, Maharashtra, India |
|
Date of Birth/Age : |
03.06.1994 |
|
Date of Appointment : |
27.12.2013 |
|
DIN No.: |
06734302 |
KEY EXECUTIVES
|
Name : |
Mr. H. H. Hampiholi |
|
Designation : |
HR Manager |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Rajesh C. Suttatti |
|
2500 |
|
Vijay C. Suttatti |
|
2500 |
|
Deepak P. Suttatti |
|
2500 |
|
Deepak P. Suttatti |
|
2500 |
|
Rajesh C. Suttatti J/w Vimala R. Suttatti |
|
447500 |
|
Vijay C. Suttatti J/w Roopa V. Suttatti |
|
447500 |
|
Deepak P. Suttatti J/w Rajni D. Suttatti |
|
197500 |
|
Channabasav G. Suttatti J/w Annapurna C. Suttatti |
|
50000 |
|
Geeta S. Bondada J/w Annapurna C. Suttatti |
|
25000 |
|
Pushpa J. Bormani J/w Akshya J. Boarmani |
|
25000 |
|
Annapuran C. Suttatti J/w Channabasav G. Suttatti |
|
50000 |
|
Kalavati P. Suttatti J/w Deepak P. Suttatti and Mahesh P. Suttatti |
|
50000 |
|
Mahesh P. Suttatti J/w Shraddha M. Suttatti |
|
197500 |
|
Total |
|
1500000 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily engaged in providing job work
services for various products including turbine housing, Carrier forging, rotary
table, flange cover and body, etc. and is also engaged in manufacturing and
selling of planet pinion carrier and other products. |
|
|
|
|
Products : |
Automobile Parts |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
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|
|
|
Exports : |
Not Available |
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|
|
|
Imports : |
Not Available |
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|
|
|
Terms : |
|
|
Selling : |
Cash, L/C and Credit |
|
|
|
|
Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers and Manufacturer
|
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No. of Employees : |
80 (Approximately) [50 – Permanent ; 30 – Contract] |
||||||||||||||||||||||
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Bankers : |
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||||||||||||||||||||||
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Ahuja Valecha and Associates Chartered Accountants |
|
Address : |
314 Brahma Majestic Nibm Road, Kondhwa, Pune – 411048, Maharashtra,
India |
|
Tel. No.: |
91-20-32504729 |
|
Fax No.: |
91-20-40055313 |
|
Website : |
|
|
PAN No.: |
AAOFA7053K |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates and
Jointly controlled entities : |
|
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000
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 |
15.000 |
15.000 |
15.000 |
|
(b) Reserves &
Surplus |
134.500 |
113.211 |
85.619 |
|
(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) |
149.500 |
128.211 |
100.619 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
16.044 |
|
(b) Deferred tax
liabilities (Net) |
17.387 |
18.136 |
17.002 |
|
(c) Other long term
liabilities |
0.000 |
3.452 |
0.000 |
|
(d) long-term provisions |
0.388 |
0.227 |
0.041 |
|
Total Non-current
Liabilities (3) |
17.775 |
21.815 |
33.087 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2.402 |
1.658 |
5.690 |
|
(b) Trade payables |
11.061 |
12.470 |
7.400 |
|
(c) Other current
liabilities |
24.484 |
33.522 |
32.428 |
|
(d) Short-term provisions |
0.513 |
4.874 |
4.288 |
|
Total Current Liabilities
(4) |
38.460 |
52.524 |
49.806 |
|
|
|
|
|
|
TOTAL |
205.735 |
202.550 |
183.512 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
142.384 |
150.841 |
147.351 |
|
(ii) Intangible Assets |
0.998 |
0.336 |
0.556 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
3.535 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
5.304 |
0.647 |
0.647 |
|
(e) Other Non-current
assets |
13.783 |
5.979 |
1.688 |
|
Total Non-Current Assets |
166.004 |
157.803 |
150.242 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
5.038 |
0.000 |
0.000 |
|
(b) Inventories |
4.975 |
4.801 |
3.615 |
|
(c) Trade receivables |
13.637 |
30.213 |
28.706 |
|
(d) Cash and cash
equivalents |
13.701 |
8.535 |
0.246 |
|
(e) Short-term loans and
advances |
2.380 |
1.024 |
0.703 |
|
(f) Other current assets |
0.000 |
0.174 |
0.000 |
|
Total Current Assets |
39.731 |
44.747 |
33.270 |
|
|
|
|
|
|
TOTAL |
205.735 |
202.550 |
183.512 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
112.509 |
105.549 |
135.988 |
|
|
Other Income |
5.665 |
0.852 |
0.800 |
|
|
TOTAL |
118.174 |
106.401 |
136.788 |
|
|
|
|
|
|
|
Less |
EXPENSES |
67.954 |
51.894 |
69.689 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
50.220 |
54.507 |
67.099 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
3.773 |
5.751 |
9.428 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
46.447 |
48.756 |
57.671 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
16.507 |
8.230 |
7.957 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
29.940 |
40.526 |
49.714 |
|
|
|
|
|
|
|
Less |
TAX |
8.651 |
12.934 |
33.462 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
21.289 |
27.592 |
16.252 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.015 |
NA |
NA |
|
|
TOTAL EARNINGS |
0.015 |
NA |
NA |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Components and Stores
parts |
0.000 |
0.071 |
0.000 |
|
|
Capital Goods |
0.346 |
4.977 |
5.808 |
|
|
TOTAL IMPORTS |
0.346 |
5.048 |
5.808 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
14.19 |
18.39 |
10.83 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
850.000 (Market
Fluctuation) |
Expected Sales (2015-16): Rs.120.000 Million
The above information has been parted by Mr. Hampiholi H. H. (HR
Manager).
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
23.964 |
33.022 |
31.488 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
18.92 |
26.14 |
11.95 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
44.64 |
51.64 |
49.34 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.81 |
20.01 |
27.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.32 |
0.49 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.18 |
0.27 |
0.53 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.03 |
0.85 |
0.67 |
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 |
15.000 |
15.000 |
15.000 |
|
Reserves & Surplus |
85.619 |
113.211 |
134.500 |
|
Net worth |
100.619 |
128.211 |
149.500 |
|
|
|
|
|
|
long-term borrowings |
16.044 |
0.000 |
0.000 |
|
Short term borrowings |
5.690 |
1.658 |
2.402 |
|
Current Maturities of
Long Term Debt |
31.488 |
33.022 |
23.964 |
|
Total borrowings |
53.222 |
34.680 |
26.366 |
|
Debt/Equity ratio |
0.529 |
0.270 |
0.176 |
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 |
135.988 |
105.549 |
112.509 |
|
|
|
(22.384) |
6.594 |
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 |
135.988 |
105.549 |
112.509 |
|
Profit |
16.252 |
27.592 |
21.289 |
|
|
11.95% |
26.14% |
18.92% |
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 |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
OPERATING RESULTS AND
BUSINESS
The Company’s revenue from operations (net) for the current year 2013-14 was Rs.112.509 Million as compared to Rs. 105.549 Million in the previous year. The rise in sales is by 6.59%. The rise was marginal on account of overall depression prevailing in the automobile sector. The profit after tax for the current year 2013-14 was Rs. 21.289 Million as compared to Rs. 27.592 Million showing a fall of 22.84%, this was due to additional investment in plant and machinery and proportionate depreciation. The Company being in the automobile sector has taken a hit due to low demand and recessionary trends in economy. However the order position of the company in the coming years is good and the Directors are confident to post better results in the coming years.
CORPORATE INFORMATION
Subject is a private limited company incorporated on April 27, 2005 under the provisions of the Companies Act, 1956. The Company is primarily engaged in providing job work services for various products including turbine housing, Carrier forging, rotary table, flange cover and body, etc. The Company is also engaged in manufacturing and selling of planet pinion carrier and other products.
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10571852 |
19/05/2015 |
9,847,500.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai - 400001, Maharashtra, INDIA |
C54893425 |
* Date of charge modification
FIXED ASSETS
- Factory Building
- Plant and Machinery
- Factory Equipment
- Tools and Tackles
- Electrical Installation
- Office Furniture
- Computer
- Vehicle
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.64.82 |
|
|
1 |
Rs.101.00 |
|
Euro |
1 |
Rs.71.82 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KYP |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.