MIRA INFORM REPORT

 

 

Report No. :

353838

Report Date :

14.12.2015

 

IDENTIFICATION DETAILS

 

Name :

JAGMOHAN PLA-MACH PRIVATE LIMITED

 

 

Registered Office :

901/B-1, 9th Floor, Filix, Commercial Complex, Opposite Asian Paints Limited, L.B.S. Road, Bhandup (West), Mumbai – 400078, Maharashtra

Tel. No.:

91-22-25955678/25950246

 

 

Country :

India

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

20.04.1995

 

 

Com. Reg. No.:

11-087502

 

 

Capital Investment / Paid-up Capital :

Rs.3.333 Million

 

 

CIN No.:

[Company Identification No.]

U29295MH1995PTC087502

 

 

IEC No.:

0300022107

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AABCJ5147R

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer and Exporter of Plastic Low Moldings machinery. (Confirmed by management)

 

 

No. of Employees :

120 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (48)

 

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 :

Subject was incorporated in the year 1995. It is an established company having satisfactory track record.

 

Rating takes into account on company’s healthy operational and financial risk profile, decent capital structure along with comfortable debt protection metrics during the year under review.

 

Trade relations are fair. Business is active. Payments are reported to be usually correct.

 

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.

 

 

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 31-03-2015.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Jayesh Thube

Designation :

Account Executive

Contact No.:

91-9773005686

Date :

09.12.2015

 

 

LOCATIONS

 

Registered Office / Corporates Office :

901/B-1, 9th Floor, Filix, Commercial Complex, Opposite Asian Paints Limited, L.B.S. Road, Bhandup (West), Mumbai – 400078, Maharashtra, India 

Tel. No.:

91-22-25955678/25950246

Mobile No.:

91-9323050017 (Mr. Nikunj)

91-9773005686 (Mr. Jayesh)

Fax No.:

91-22-25965434

E-Mail :

info@jagmohan.com

vssharma44@gmail.com

Website :

www.jagmohan.com

Area :

3000 sq. ft.

Location :

Owned

Locality :

Commercial

 

 

Factory :

Survey No.48, 54 and 56, Manas Mandir Road, Mumbai Nashik Highway, Taluka Shabpur, Asangaon (West), Thane - 421301, Maharashtra, India

Tel No :

91-2527-273314/ 645043

Fax No :

91-2527-270081 

Email :

factoryadmin@jagmohan.com

Area :

2 acres (Approximately)

Location :

Owned

Locality :

Industrial

 

 

Branch Offices:-

Located At :

 

  • New Delhi
  • Ahmedabad
  • Madurai

 

 

Overseas Office :

Located At :

 

  • Algeria
  • Morocco and Tunisia
  • Middle East
  • Ethiopia

 

 

DIRECTORS

 

As on 31.03.2015         

 

Name :

Mr. Jagdish H Shah

Designation :

Managing Director

Address :

1683/16-A, Kinjalk Apartment, Dr. Ambedkar Road, Mulund (West), Mumbai – 400 080, Maharashtra, India

Date of Birth/Age :

14.01.1945

Date of Appointment :

20.04.1995

Qualification :

B.E. (Electrical Engineering)

DIN No.:

00497980

 

 

Name :

Mr. Nikunj J Shah

Designation :

Whole-time Director

Address :

1683/16-A, Kinjalk Apartment, Dr. Ambedkar Road, Mulund (West), Mumbai – 400 080, Maharashtra, India

Date of Birth/Age :

25.10.1978

Qualification :

B.Com

Date of Appointment :

01.09.2000

DIN No.:

01650630

 

 

KEY EXECUTIVES

 

Name :

Mr. Jayesh Thube

Designation :

Account Executive

 

 

Name :

Dipti S. Rathi and Associates

Designation :

Company Secretary

Address :

A – 9 and 10, Kanishka Co-Operative HSG. Limited, RM-94, Opp. Mamata Hospital, MIDC Resi Area, Dmbivali (East), Thane – 421203, Maharashtra, India

Mobile No.:

91-9769273759

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 31.03.2015

 

Names of Shareholders

No. of Shares

%age holding

Jagdish H Shah

90500

27.15

Nikunj J Shah

53000

15.90

Jinendra H Shah HUF

7700

2.31

Monal N Shah

138500

41.55

Hemlata J Shah

600

0.18

Manoj H Shah HUF

1600

0.48

Mehul J Shah

1200

0.36

Sheela M Shah

1100

0.33

Jagdish H. Shah (HUF)

39100

11.73

Total

333300

100.00

 

 

 

Equity Share Break up (Percentage of Total Equity)

 

As on 30.09.2014

 

Category

Percentage

Directors or relatives of Directors

100.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of Plastic Low Moldings machinery. (Confirmed by management)

 

 

Products :

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

 

Products :

Finished Goods 

Countries :
  • Nigeria
  • Kenya
  • Italy
  • Srilanka
  • UAE

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Cash, L/C and Credit

 

 

Purchasing :

Cash, L/C and Credit

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference 1:

Popular Engineering Works – Mumbai, Maharashtra, India

Reference 2:

Shree Alloys Industries Private Limited

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Retailers, End Users and Manufacturer

 

Reference :

Vectus Industries Limited – Noida

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

120 (Approximately) 

 

 

Bankers :

Bank Name

HDFC Bank Limited

Branch

LBS Marg, Bhandup – (West), Mumbai - 400078, Maharashtra, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Bank Name

Abhydaya Co-operative Bank Limited

Branch

Chetna Apartments, S Pratap Singh Road, Panchsheel Nagar, Bhandup – (West), Mumbai - 400078, Maharashtra, India

Contact Number

91-22-25963157 (No one is responding)

 

 

Bank Name

Bank of Maharashtra

Branch

Ranade Road, Dadar (West), Mumbai – 400028, Maharashtra, India

Contact Number

91-22-24228443 / 24222885 (Continuously ringing)

 

  • IDBI Bank Limited, Bhandup – (West), Mumbai - 400078, Maharashtra, India
  • State Bank of India, Rabale Trans Thane Creek Industrial Area, Rabale Police Station, Airoli, New Mumbai – 400708, Maharashtra, India

 

 

Facilities :

Secured Loan

31.03.2015

(Rs. in Million)

31.03.2014

(Rs. in Million)

Long-term Borrowings

 

 

ICICI Bank

0.619

1.276

Kotak Mahindra Prime Limited

0.508

0.000

 

 

 

Short-term borrowings

 

 

Cash Credit of the company is secured by the Equitable Mortgage of (NIL) and Hypothecation of Book Debts/Stock in Trade

0.000

20.918

Vehicle Loan from Bank

 

 

ICICI Bank

0.844

0.000

Kotak Mahindra Prime Limited

0.424

0.844

Vehicle loan from Other

0.000

0.369

Total

2.395

23.407

 

Auditors :

 

Name :

Gouri Chitlangia and Associates

Chartered Accountants

Address :

305, Hanuman Building, 2-Picket Road, Mumbai – 400002, Maharashtra, India

Tel No.:

91-22-22060445

Mobile No.:

91-9820060465

Email :

gouri_ca@yahoo.com

gouri@cagouri.com

Website :

www.cagouri.com

PAN N Income-tax PAN of auditor or auditor's firm :

ACXPC2041C

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Enterprises owned or significantly influenced by key management personnel or their relatives :
  • J M International

 

 

CAPITAL STRUCTURE

 

As on 31.03.2015

 

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

 

 

 

 

333300

Equity Shares

Rs.10/- each

Rs.3.333 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2015

31.03.2014

31.03.2013

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

3.333

3.333

3.333

(b) Reserves & Surplus

137.777

71.444

54.842

(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)

141.110

74.777

58.175

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

1.127

1.276

5.469

(b) Deferred tax liabilities (Net)

0.374

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)

1.501

1.276

5.469

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

1.268

22.131

57.294

(b) Trade payables

185.042

144.908

141.970

(c) Other current liabilities

5.630

2.998

68.087

(d) Short-term provisions

0.814

3.146

1.905

Total Current Liabilities (4)

192.754

173.183

269.256

 

 

 

 

TOTAL

335.365

249.236

332.900

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

110.225

68.949

70.412

(ii) Intangible Assets

0.000

0.000

0.000

(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

13.102

9.945

6.246

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.000

0.000

0.566

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

123.327

78.894

77.224

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

51.996

36.874

37.275

(c) Trade receivables

-14.248

10.634

91.456

(d) Cash and cash equivalents

69.834

57.545

38.769

(e) Short-term loans and advances

104.456

65.289

85.574

(f) Other current assets

0.000

0.000

2.602

Total Current Assets

212.038

170.342

255.676

 

 

 

 

TOTAL

335.365

249.236

332.900

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2015

31.03.2014

31.03.2013

 

SALES

 

 

 

 

Revenue from Operations

832.837

655.652

669.456

 

Other Income

15.638

9.769

4.152

 

TOTAL (A)

848.475

665.421

673.608

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Purchases

676.648

559.257

 

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

(15.121)

0.400

 

 

Manufacturing Cost

11.422

9.121

 

 

Employees benefits expense

29.644

20.038

 

 

Administrative Expenses

20.838

18.888

 

 

Selling and Distribution Expenses

18.265

19.394

 

TOTAL (B)

741.696

627.098

646.021

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)

106.779

38.323

27.587

 

 

 

 

 

Less

FINANCIAL EXPENSES (D)

1.425

5.243

10.427

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)

105.354

33.080

17.160

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION (F)

6.309

7.682

8.532

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX (E-F)   (G)

99.045

25.398

8.628

 

 

 

 

 

Less

TAX (H)

38.712

8.797

2.929

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX  (G-H)   (I)

60.333

16.601

5.699

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

Exports Sales

359.852

39.787

0.000

 

TOTAL EARNINGS

359.852

39.787

0.000

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

199.02

49.81

17.09

 

 

Expected Sales (2015-2016) : Rs.900.000 Million

 

The above information has been parted by Mr. Jayesh Thube (Account Executive).

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2015

31.03.2014

31.03.2013

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

 

 

31.03.2015

31.03.2014

31.03.2013

Net Profit Margin

(PAT / Sales)

(%)

7.24

2.53

0.85

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

12.82

5.85

4.12

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

30.73

10.61

2.64

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.70

0.34

0.15

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.02

0.31

1.08

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.10

0.98

0.95

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

3.333

3.333

3.333

Reserves & Surplus

54.842

71.444

137.777

Net worth

58.175

74.777

141.110

 

 

 

 

long-term borrowings

5.469

1.276

1.127

Short term borrowings

57.294

22.131

1.268

Total borrowings

62.763

23.407

2.395

Debt/Equity ratio

1.079

0.313

0.017

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

669.456

655.652

832.837

 

 

(2.062)

27.024

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

669.456

655.652

832.837

Profit

5.699

16.601

60.333

 

0.85%

2.53%

7.24%

 

 

 

 

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

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

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 three 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

 

 

Note: Registered Office of the company has been shifted from 13, Sharad Industrial Estate, 1st Floor, Lake Road, Bhandup (West), Mumbai – 400 078, Maharashtra, India to the present address w.e.f. 01.07.2013

 

 

INDEX OF CHARGES:

 

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10199087

14/01/2010

7,500,000.00

ABHYUDAYA CO-OP. BANK LIMITED

ADMINISTRATIVE OFFICE, K.K.TOWER, ABHYUDAYA BANK,  LANE, OFF G.D.AMBEKAR MARG, PAREL VILLAGE, MUMBAI - 400012, MAHARASHTRA, INDIA

A78340528

2

10169590

08/12/2010 *

80,800,000.00

ABHYUDAYA CO-OP. BANK LIMITED.

ADMINISTRATIVE OFFICE, K.K.TOWER, ABHYUDAYA BANK,  LANE, OFF G.D.AMBEKAR MARG, PAREL VILLAGE, MUMBAI - 400012, MAHARASHTRA, INDIA

B02433951

3

10151687

17/03/2009

22,600,000.00

ABHYUDAYA CO-OP. BANK LIMITED

ADMINISTRATIVE OFFICE, K.K.TOWER, ABHYUDAYA BANK,  LANE, OFF G.D.AMBEKAR MARG, PAREL VILLAGE, MUMBAI - 400012, MAHARASHTRA, INDIA

A59563825

4

10142700

02/02/2009

10,000,000.00

ABHYUDAYA CO-OPERATIVE BANK LIMITED

ADMINISTRATIVE OFFICE, K.K.TOWER, ABHYUDAYA BANK,  LANE, OFF G.D.AMBEKAR MARG, PAREL VILLAGE, MUMBAI - 400012, MAHARASHTRA, INDIA

A56922149

5

90160294

21/04/2004

704,747.00

ABHYUDAYA CO-OP BANK LIMITED

ADMINISTRATIVE OFFICE, K.K.TOWER, ABHYUDAYA BANK,  LANE, OFF G.D.AMBEKAR MARG, PAREL VILLAGE, MUMBAI - 400012, MAHARASHTRA, INDIA

-

6

90159863

21/07/2000 *

1,000,000.00

ABHYUDAYA CO-OP BANK LIMITED

ADMINISTRATIVE OFFICE, K.K.TOWER, ABHYUDAYA BANK,  LANE, OFF G.D.AMBEKAR MARG, PAREL VILLAGE, MUMBAI - 400012, MAHARASHTRA, INDIA

-

7

90155080

07/11/1997

2,500,000.00

ABHYUDAYA CO-OP BANK LIMITED

ADMINISTRATIVE OFFICE, K.K.TOWER, ABHYUDAYA BANK,  LANE, OFF G.D.AMBEKAR MARG, PAREL VILLAGE, MUMBAI - 400012, MAHARASHTRA, INDIA

-

8

90159657

28/12/2011 *

40,000,000.00

ABHYUDAYA CO-OP. BANK LIMITED

ADMINISTRATIVE OFFICE, K.K.TOWER, ABHYUDAYA BANK,  LANE, OFF G.D.AMBEKAR MARG, PAREL VILLAGE, MUMBAI - 400012, MAHARASHTRA, INDIA

B30164867

 

 

FIXED ASSETS

 

 

  • Factory land
  • Vehicles
  • Computer
  • Electrics Fiting
  • Furniture and fixture
  • Office equipment
  • Plant and machinery
  • Water purifier
  • Xerox machine
  • Air conditioners
  • EPBAX

 

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.66.78

UK Pound

1

Rs.101.10

Euro

1

Rs.73.10

 

 

INFORMATION DETAILS

 

Information Gathered by :

NYA

 

 

Analysis Done by :

KAS

 

 

Report Prepared by :

SUJ

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

6

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

6

--PROFITABILITY

1~10

5

--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

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

 

48

 

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

 

--

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.