MIRA INFORM REPORT
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Report No. : |
353245 |
|
Report Date : |
05.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
SVP PACKING INDUSTRY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
4, Guru Krupa, 1st Floor, 514/22, S V P Road, Opera House,
Mumbai - 400004, Maharashtra |
|
Tel. No.: |
91-22-66351516 |
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|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
27.03.2000 |
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|
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Com. Reg. No.: |
11-125361 |
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Capital
Investment / Paid-up Capital : |
Rs. 2.842 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U25206MH2000PTC125361 |
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|
|
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IEC No.: |
0301036675 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS46953E |
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PAN No.: [Permanent Account No.] |
AAECS3264M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Magic Seal, Polygrip, Minigrip, Zip Lock, Bags and
Zipper Profiles, etc. (Registered Activity) |
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|
|
|
No. of Employees
: |
Information declined by the Management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 2000 having
satisfactory track. The company possesses an above average financial risk profile marked
by healthy net worth base and decent liquidity position of the company. Trade relations are reported as fair. Business is active. Payments terms
are reported as usually correct and as per commitment. In view of long track record and acceptable financial base, the
company can be considered normal for business dealings at usual trade terms
and conditions. NOTE: In terms of the Order dated 22nd August, 2014 of the High
Court of Judicature of Bombay, Sav-Ex Seal Private Limited has been
amalgamated in the company. In terms of the Scheme of Amalgamation the
appointed date for the purpose of amalgamation is 1st April, 2013
and accordingly all the assets and liabilities of Sav-Ex have been vested in
the company. |
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
31-03-2015.
INFORMATION DECLINED BY
|
Name : |
Ms. Sujata |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-8377804754 |
|
Date : |
04.12.2015 |
LOCATIONS
|
Registered Office : |
4, Guru Krupa, 1st Floor, 514/22, S V P Road, Opera House,
Mumbai - 400004, Maharashtra, India |
||
|
Tel. No.: |
Not Available |
||
|
Mobile No.: |
91-8377804754 (Ms. Sujata) |
||
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Head Office : |
Unit No. 21,
2nd Floor, Mahalaxmi Industrial Estate, Dainik Shivner Road, Gandhi Nagar,
Lower Parel (West), Mumbai – 400013,
Maharashtra, India |
||
|
Tel. No.: |
91-22-66351516/
17 |
||
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Fax No.: |
91-22-24945118 |
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E-Mail : |
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Factory : |
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DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Pradip Ramanlal Shah |
|
Designation : |
Director |
|
Address : |
4, Guru Krupa, 514/22, S. V. P. Road, Mumbai-400004,
Maharashtra, India |
|
Date of Birth/Age : |
15.01.1941 |
|
Date of Appointment : |
27.03.2000 |
|
DIN No.: |
01960775 |
|
|
|
|
Name : |
Mr. Saunil Bipin Shah |
|
Designation : |
Director |
|
Address : |
4, Guru Krupa, 514/22, S.V.P. Road, Mumbai-400004,
Maharashtra, India |
|
Date of Birth/Age : |
02.12.1959 |
|
Date of Appointment : |
27.03.2000 |
|
DIN No.: |
01960798 |
|
|
|
|
Name : |
Mr. Chhotalal Velji Shah |
|
Designation : |
Whole-time director |
|
Address : |
B-303, Shreeji Ville, Opposite Nitin Castings Co., Dr.
Almeida Road, Panchpakadi, Thane-400602, Maharashtra, India |
|
Date of Birth/Age : |
03.07.1951 |
|
Date of Appointment : |
09.05.2008 |
|
DIN No.: |
00896974 |
KEY EXECUTIVES
|
Name : |
Ms. Sujata |
|
Designation : |
Accounts Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Pradip Ramanlal Shah jointly with Saunil Bipin Shah |
|
41499 |
|
Sudha Pradip Shah jointly with Saunil Bipin Shah |
|
500 |
|
Bharati Bipin Shah jointly with Saunil Bipin Shah |
|
19450 |
|
Saunil Bipin Shah |
|
63950 |
|
Sudha Pradip Shah jointly with Pradip Ramanlal Shah and Saunil Bipin
Shah |
|
51840 |
|
Chhotalal Velji Shah jointly with Indu Chhotalal Shah |
|
28593 |
|
Indu Chhotalal Shah jointly with Chhotalal Velji Shah |
|
16636 |
|
Viral Chhotalal Shah jointly with Rashmi Viral Shah |
|
400 |
|
Rashmi Viral Shah jointly with Viral Chhotalal Shah |
|
400 |
|
Pradip Ramanlal Shah jointly with Bipin Ramanlal Shah and Virendra H.
Shah |
|
001 |
|
Sudha Pradip Shah jointly with Saunil Bipin Shah and Pradip Shah as
karta of Pradip R Shah, HUF |
|
10 |
|
Sudha Pradip Shah jointly with Pradip Ramanlal Shah and Saunil Shah as
karta of Sunil B. Shah, HUF |
|
10 |
|
Sudha Pradip Shah jointly with Pradip Ramanlal Shah and Virendra Shah
as karta of Virendra H Shah, HUF |
|
10 |
|
Saunil Bipin Shah jointly with Bipin Ramanlal Shah and Sudha Pradip
Shah |
|
3594 |
|
Saunil Bipin Shah jointly with Smita Shah |
|
32010 |
|
Pradip Ramanlal Shah jointly with Sudha Shah |
|
19533 |
|
Sudha Pradip Shah and Pradip Ramanlal Shah |
|
5610 |
|
Pradip Ramanlal Shah jointly with Sudha Shah and Virendra H Shah |
|
3 |
|
Chhotalal Velji Shah jointly with Chimanlal V Shah and Kanta C Shah |
|
3 |
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Chhotalal Velji Shah jointly with Jayantilal Shah and Manjula Shah |
|
3 |
|
Saunil Bipin Shah jointly with Aashna Saunil Shah and Sejal Saunil
Shah |
|
30 |
|
Saunil Bipin Shah jointly with Bharat Bipin Shah and Pradip R Shah as
Karta of Pradip R Shah, HUF |
|
30 |
|
Saunil Bipin Shah, Smita Shah
jointly with Virendra H. Shah, HUF |
|
30 |
|
Pradip Ramanlal Shah jointly with Sudha Shah and Saunil B. Shah as karta
of Saunil B. Shah, HUF |
|
15 |
|
Total |
|
284160 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Magic Seal, Polygrip, Minigrip, Zip Lock, Bags and
Zipper Profiles, etc. (Registered Activity) |
|
|
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the Management |
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Bankers : |
·
The Shamrao Vithal Co-Operative Bank
Limited Procter
Road Branch, Mumbai - 400007, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Mr. Narendra Bhat Chartered Accountant |
|
Address : |
2, 2nd Floor, Asgar Manzil, 49, Janambhoomi Marg, Mumbai-400001,
Maharashtra, India |
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Tel. No.: |
91-22-66954731 |
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Income-tax
PAN of auditor or auditor's firm : |
AAIPB6824H |
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Memberships : |
-- |
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Collaborators : |
-- |
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|
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,650,000 |
Equity Shares |
Rs. 10/- each |
Rs. 16.500 Million |
|
5,000 |
Preference Shares |
Rs. 100/- each |
Rs. 0.500 Million |
|
|
Total |
|
Rs. 17.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
284,160 |
Equity Shares |
Rs. 10/- each |
Rs. 2.842
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 |
2.842 |
2.002 |
2.135 |
|
(b) Reserves & Surplus |
129.040 |
77.701 |
76.792 |
|
(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) |
131.882 |
79.703 |
78.927 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
72.832 |
0.483 |
0.833 |
|
(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) |
72.832 |
0.483 |
0.833 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
46.689 |
26.281 |
23.383 |
|
(b)
Trade payables |
47.440 |
15.129 |
4.965 |
|
(c)
Other current liabilities |
9.381 |
5.311 |
3.263 |
|
(d)
Short-term provisions |
5.046 |
0.890 |
1.822 |
|
Total
Current Liabilities (4) |
108.556 |
47.611 |
33.433 |
|
|
|
|
|
|
TOTAL |
313.270 |
127.797 |
113.193 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
154.797 |
48.187 |
28.671 |
|
(ii)
Intangible Assets |
0.050 |
0.050 |
0.050 |
|
(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 |
0.733 |
0.503 |
0.503 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
5.889 |
4.289 |
24.722 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
161.469 |
53.029 |
53.946 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
88.078 |
41.014 |
31.991 |
|
(c)
Trade receivables |
41.383 |
20.164 |
20.944 |
|
(d)
Cash and cash equivalents |
10.180 |
5.410 |
0.241 |
|
(e)
Short-term loans and advances |
11.684 |
8.068 |
5.950 |
|
(f)
Other current assets |
0.476 |
0.112 |
0.121 |
|
Total
Current Assets |
151.801 |
74.768 |
59.247 |
|
|
|
|
|
|
TOTAL |
313.270 |
127.797 |
113.193 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
TOTAL REVENUE |
417.400 |
225.900 |
200.400 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
11.800 |
18.000 |
21.100 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
NA |
NA |
NA |
|
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 |
NA |
NA |
NA |
KEY
RATIOS
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.78 |
14.14 |
18.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.23 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.91 |
0.34 |
0.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.40 |
1.57 |
1.77 |
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 |
2.135 |
2.002 |
2.842 |
|
Reserves & Surplus |
76.792 |
77.701 |
129.040 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
78.927 |
79.703 |
131.882 |
|
|
|
|
|
|
Long-term borrowings |
0.833 |
0.483 |
72.832 |
|
Short term borrowings |
23.383 |
26.281 |
46.689 |
|
Total
borrowings |
24.216 |
26.764 |
119.521 |
|
Debt/Equity
ratio |
0.307 |
0.336 |
0.906 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Revenue |
200.400 |
225.900 |
417.400 |
|
|
|
12.725 |
84.772 |
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 |
No |
|
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 |
No |
|
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 |
10585994 |
12/08/2015 |
32,500,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED |
H/2, ANANDASHRAM,, SHAMRAO
VITHAL MARG,, GRANT RO |
C61711131 |
|
2 |
10497013 |
07/05/2014 |
52,000,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED |
H/2, ANANDASHRAM,,
SHAMRAO VITHAL MARG,, GRANT RO |
C05306741 |
|
3 |
10451338 |
22/09/2014 * |
216,500,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED |
H/2, ANANDASHRAM,,
SHAMRAO VITHAL MARG,, GRANT RO |
C31946445 |
|
4 |
10445913 |
09/01/2014 * |
41,000,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED |
H-2, ANANDASHRAM,,
SHAMRAO VITHAL MARG,, GRANT RO |
B94285509 |
|
5 |
10159692 |
09/01/2014 * |
41,000,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED |
H-2, ANANDASHRAM,,
SHAMRAO VITHAL MARG,, GRANT RO |
B94287018 |
|
6 |
90235150 |
13/05/2011 * |
21,200,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED |
H-2, ANANDASHRAM,,
SHAMRAO VITHAL MARG, MUMBAI- 400007, M |
B15203482 |
|
7 |
90141001 |
15/03/2002 |
15,906,000.00 |
THE SHAMRAO VITHAL CO-OP BANK LTD |
SHAMRAO VITHAL BRANCH, MUMBAI- 400007, MAHARASHTRA, INDIA |
- |
|
8 |
90147649 |
24/03/2015 * |
108,000,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED |
SHAMRAO VITHAL MARG
BRANCH,, H/2, ANANDASHRAM,, S |
C48221345 |
|
9 |
90143310 |
28/03/2003 * |
2,000,000.00 |
THE SHAMRAO VITHAL CO-OP BANK LTD |
PROCIER ROAD
BRANCH, MUMBAI- 400007, MAHARASHTRA, |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
HDFC Bank Limited |
0.000 |
0.551 |
|
From Shareholders |
0.000 |
9.500 |
|
|
|
|
|
Total |
0.000 |
10.051 |
AMALGAMATION:
In terms of the Order dated 22nd August, 2014 of the High
Court of Judicature at Bombay, Sav-Ex Seal Private Limited (Sav-Ex) has been amalgamated
in the Company. In terms of the Scheme of Amalgamation the appointed date for
the purpose of amalgamation is 1st April, 2013 and accordingly all
the assets and liabilities of Sav-Ex have been vested in the Company. The
Company will soon start completion of various formalities post amalgamation.
BUSINESS ACTIVITY
The working during the year resulted in total revenue of Rs. 417.400 Million against Rs. 225.900 Million in the previous year. However, the results are not strictly comparable as due to amalgamation the figures for the year are inclusive of working of Sav-Ex. The Profit Before Tax amounted to Rs. 11.800 Million. The profitability for the year under review has come down as Company is in the midst of expansion and as result the various overheads have gone up substantially particularly the finance cost of depreciation provision and the employee cost. The margins are likely to be under pressure during the current year also as expansion is in process. Since the significant part of the Company’s raw material is imported the depreciation in rupee also adds to the cost of material. All efforts are being made to contain the various overhead cost.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer
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. 66.84 |
|
|
1 |
Rs. 101.04 |
|
Euro |
1 |
Rs. 73.05 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
IND |
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 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
46 |
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.