MIRA INFORM REPORT
|
Report No. : |
336775 |
|
Report Date : |
14.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
ARISTO PHARMACEUTICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
12, J N Heredia Marg, Ballard Estate,
Mumbai - 400001, Maharashtra |
|
Tel. No.: |
91-22-22617909 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
08.11.1971 |
|
|
|
|
Com. Reg. No.: |
11-015425 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.897
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24239MH1971PTC015425 |
|
|
|
|
IEC No.: |
0388142685 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA22661C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA4495N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Common Disease Medicines,
Pharmaceutical Medicines, etc. |
|
|
|
|
No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (72) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is old and well-established company having fine track record. The company’s overall financial position seems to be good with sound
profitability. Rating further reflects company’s healthy financial risk profile supported
by good net worth base and favorable gap between trade receivables and
payables which indicates good liquidity position. Trade relations are good. Business is active. Payment terms are
reported to be regular and as per the commitments. In view of the aforesaid, the company can be considered for business
dealings at usual trade terms and conditions.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Ms. Venetia |
|
Designation : |
Export Department |
|
Contact No.: |
91-22-26739999 |
|
Date : |
12.08.2015 |
LOCATIONS
|
Registered Office : |
12 J N Heredia Marg, Ballard Estate, Mumbai - 400001, Maharashtra,
India |
|
Tel. No.: |
91-22-22617909/
749/ 22671436/ 22619582 |
|
Fax No.: |
91-22-22615604 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2000 Sq. Ft |
|
Location : |
Owned |
|
|
|
|
Corporate
Office : |
23-A, Shah
Industrial Estate, Off Veera Desai Road, Andheri (West), Mumbai – 400053,
Maharashtra, India |
|
Tel. No.: |
91-22-26739999 |
|
Fax No.: |
91-22-26734792 |
|
E-Mail : |
|
|
|
|
|
Factories : |
Located at
|
DIRECTORS
AS ON 26.06.2014
|
Name : |
Mr. Virendra Sharma |
|
Designation : |
Director |
|
Address : |
703, A-22, Bakers, Shastri Nagar, Andheri (West), Mumbai - 400053, Maharashtra, India |
|
Date of Birth/Age : |
18.01.1969 |
|
Date of Appointment : |
03.10.2006 |
|
DIN No.: |
01449416 |
|
|
|
|
Name : |
Mr. Umesh Sharma |
|
Designation : |
Managing Director |
|
Address : |
East Khemini Chak, Kankarbagh, Patna - 800020, Bihar, India |
|
Date of Birth/Age : |
15.11.1952 |
|
Date of Appointment : |
12.02.1979 |
|
PAN No.: |
AJGPS6979P |
|
DIN No.: |
01385819 |
|
|
|
|
Name : |
Mr. Raj Nandan Sharma |
|
Designation : |
Director |
|
Address : |
Village Berra, P.O.: Berra, P.S.:Masaurhi, Patna - 804454, Bihar, India |
|
Date of Birth/Age : |
09.11.1948 |
|
Date of Appointment : |
25.05.2010 |
|
PAN No.: |
CUQPS2452C |
|
DIN No.: |
01623096 |
|
|
|
|
Name : |
Mr. Randhir Kumar Bachan |
|
Designation : |
Whole-Time Director |
|
Address : |
Village Govindpur, P S : Ghoshi, Post : Modanganj, Jehanabad - 804406, Bihar, India |
|
Date of Birth/Age : |
19.11.1971 |
|
Date of Appointment : |
01.09.2005 |
|
PAN No.: |
AEHPB8901Q |
|
DIN No.: |
01163058 |
KEY EXECUTIVES
|
Name : |
Ms. Venetia |
|
Designation : |
Export Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.06.2014
|
Names of Shareholders |
No. of Shares |
|
Mahendra |
91080 |
|
Umesh Sharma |
1840 |
|
Renuka Devi |
100 |
|
Satula devi |
1340 |
|
Rajeev Sharma |
1370 |
|
Uma Devi |
250 |
|
Aradhya Rai |
1495 |
|
Achintya Rai |
1495 |
|
|
|
|
Total |
98970 |
AS ON 26.06.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Common Disease Medicines,
Pharmaceutical Medicines, etc. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
· Kenya · Mauritius · Mexico |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30/ 60/ 90 Days) |
|
|
|
|
Purchasing : |
Cash and Credit (30/ 60/ 90 Days) |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
End Users and OEM’s
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
1000 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
K. B. Lal
Agrawal and Company Chartered Accountants |
|
Address : |
TULSI Sadan, Rajendra Path, Patna, Bihar, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ACDPA2431N |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates : |
· Aristo Laboratories Private Limited (U24110AP1980PTC005938) ·
Mapra Laboratories Private Limited
(U24100MH1985PTC037946) |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
99,000 |
Equity Shares |
Rs. 100/- each |
Rs. 9.900 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
98,970 |
Equity Shares |
Rs. 100/- each |
Rs. 9.897
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 |
9.897 |
9.897 |
9.897 |
|
(b) Reserves & Surplus |
13224.139 |
12147.618 |
11051.617 |
|
(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) |
13234.036 |
12157.515 |
11061.514 |
|
|
|
|
|
|
(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 |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
1270.388 |
1225.017 |
351.987 |
|
(b)
Trade payables |
373.661 |
309.349 |
336.205 |
|
(c)
Other current liabilities |
270.519 |
249.997 |
212.300 |
|
(d)
Short-term provisions |
1089.445 |
854.034 |
448.849 |
|
Total
Current Liabilities (4) |
3004.013 |
2638.397 |
1349.341 |
|
|
|
|
|
|
TOTAL |
16238.049 |
14795.912 |
12410.855 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1745.188 |
1784.595 |
1399.612 |
|
(ii)
Intangible Assets |
12.764 |
7.512 |
11.947 |
|
(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 |
9965.210 |
7277.010 |
6279.900 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
60.597 |
63.645 |
92.226 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
11783.759 |
9132.762 |
7783.685 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2719.975 |
2128.296 |
1881.305 |
|
(c)
Trade receivables |
841.737 |
999.580 |
931.388 |
|
(d)
Cash and cash equivalents |
652.965 |
2304.412 |
1594.667 |
|
(e)
Short-term loans and advances |
121.082 |
117.507 |
112.293 |
|
(f)
Other current assets |
118.531 |
113.355 |
107.517 |
|
Total
Current Assets |
4454.290 |
5663.150 |
4627.170 |
|
|
|
|
|
|
TOTAL |
16238.049 |
14795.912 |
12410.855 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
14141.300 |
12798.300 |
11396.700 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL
(A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
9823.600 |
8782.000 |
7578.200 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
4317.700 |
4016.300 |
3818.500 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
227.500 |
206.100 |
161.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
4090.200 |
3810.200 |
3657.200 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
860.000 |
880.000 |
960.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
3230.200 |
2930.200 |
2697.200 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
6613.800 |
5817.800 |
4599.800 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Interim Dividend |
930.300 |
880.800 |
653.200 |
|
|
|
Proposed Final Dividend |
910.500 |
692.800 |
386.00 |
|
|
|
Tax on Dividend |
312.900 |
260.600 |
168.60 |
|
|
|
Transferred to General Reserve |
327.000 |
300.000 |
271.400 |
|
|
BALANCE CARRIED
TO THE B/S |
7363.300 |
6613.800 |
5817.800 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of exports |
144.066 |
104.029 |
72.195 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
216.771 |
155.160 |
128.709 |
|
|
|
Laboratory Chemicals |
0.1334 |
1.177 |
0.114 |
|
|
|
Capital Goods |
0.000 |
7.215 |
7.215 |
|
|
TOTAL IMPORTS |
216.9044 |
163.552 |
136.038 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
32.64 |
29.61 |
27.25 |
|
|
PARTICULARS |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
15000.000 |
|
|
|
|
|
The above information has been parted by Ms. Venetia (Export Department)
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 |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from (used in) Operations |
3065.794 |
2873.959 |
2679.451 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
22.84 |
22.90 |
23.67 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
65.20 |
50.67 |
59.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31 |
0.31 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.10 |
0.10 |
0.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.48 |
2.15 |
3.43 |
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 |
9.897 |
9.897 |
9.897 |
|
Reserves & Surplus |
11051.617 |
12147.618 |
13224.139 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
11061.514 |
12157.515 |
13234.036 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
351.987 |
1225.017 |
1270.388 |
|
Total
borrowings |
351.987 |
1225.017 |
1270.388 |
|
Debt/Equity
ratio |
0.032 |
0.101 |
0.096 |
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 |
11396.700 |
12798.300 |
14141.300 |
|
|
|
12.298 |
10.494 |
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 |
11396.700 |
12798.300 |
14141.300 |
|
Profit |
2697.200 |
2930.200 |
3230.200 |
|
|
23.67% |
22.90% |
22.84% |
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 |
Yes |
|
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 |
Yes |
|
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 |
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
90224399 |
04/03/1993 |
10,000,000.00 |
SRATE
BANK OF INDIA |
NADALA
BRANCH, MUMBAI - 400031, MAHARASHTRA, INDIA |
- |
|
2 |
90220092 |
08/08/1988 |
50,500,000.00 |
STATE
BANK OF INDIA |
20/6
PODAR HOUS E RAFI AHMED ROAD, MUMBAY - 400013, MAHARASHTRA, INDIA |
- |
|
3 |
90223705 |
11/12/1980 |
4,000,000.00 |
BANK OF
INDIA |
BOMBAY MAINM
BRANCH, 70/80 MG ROAD, MUMBAI 400023, MAHARASHTRA, INDIA |
- |
|
4 |
90223702 |
25/02/1999
* |
4,000,000.00 |
BANK OF
INDIA |
70/80
MAHATMA GANDHI ROAD, MUMBAY - 400001, MAHARASHTRA, INDIA |
- |
|
5 |
90223681 |
10/03/1979 |
5,300,000.00 |
BANK OF
INDIA |
70/80
MAHATMA GANDHI ROAD, MUMBAY - 400013, MAHARASHTRA, INDIA |
- |
|
6 |
90223631 |
27/02/1974 |
1,570,000.00 |
STATE
INDUSTRIAL AND INVESTMENT CORPORATION |
NARIMAN
1 ST FLOOR, MUMBAY - 400021, MAHARASHTRA, INDIA |
- |
|
7 |
90223630 |
25/02/1974 |
500,000.00 |
BANK OF
INDIA |
70/80
MAHATMA GANDHI ROAD, MUMBAY - 400001, MAHARASHTRA, INDIA |
- |
|
8 |
90223621 |
29/11/1972 |
200,000.00 |
BANK OF
INDIA |
70/80
MG ROAD, MUMBAY - 400023, MAHARASHTRA, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Other loans and advances, others |
32.938 |
35.873 |
|
|
|
|
|
Total |
32.938 |
35.873 |
OPERATIONS
The Company has improved its sales for the year to Rs.14141.300 Million compared to Rs.12798.300 Million in the previous year. The Net Profit before Tax is Rs.4090.200 Million for the year compared to Rs.3810.200 Million achieved in the immediate previous year.
FIXED ASSETS:
Tangible Assets
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
Intangible Assets
· Computer software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.92 |
|
|
1 |
Rs.101.44 |
|
Euro |
1 |
Rs.72.26 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
|
72 |
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.