MIRA INFORM REPORT
|
Report No. : |
354756 |
|
Report Date : |
16.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
MALDEEP CATALYSTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-301, 303, 304, Aagam Shopping World, Near Agrawal School, Vesu –
Aabhva Road, Vesu, Surat – 395007, Gujarat |
|
Tel No.: |
91-261-2918233 |
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|
|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2015 |
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|
Date of
Incorporation : |
04.04.1990 |
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|
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|
Com. Reg. No.: |
04-013582 |
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|
Capital
Investment / Paid-up Capital : |
Rs. 10.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24119GJ1990PTC013582 |
|
|
|
|
IEC No.: |
0891004769 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTM00403E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM6306M |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Subject is engaged in the business of manufacturing and sale of
chemicals, paints dyers and PVC Stabilizer. (Registered Activity) |
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|
|
|
No. of Employees
: |
40 (Approximately) |
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 |
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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 1990,
having satisfactory track. Rating takes into consideration sound financial risk profile of the
company marked by adequate networth base comfortable gearing in FY15. The company has reported marginal decrease in its sales turnover.
However increase in net profit has resulted in decent increase in profit
margin over previous year. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of long track record of business operations, the company can
be considered for business dealings with 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
|
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. Devang Naik |
|
Designation : |
Chief Accounts Manager |
|
Contact No.: |
91-261-2918233 |
|
Date : |
12.12.2015 |
LOCATIONS
|
Registered Office /Factory : |
C-301,303,304, Aagam Shopping World, Near Agrawal School, Vesu –
Aabhva Road, Vesu, Surat – 395007, Gujarat, India |
|
Tel No.: |
91-261-2918233 |
|
Mobile No.: |
91-9825373338 (Mr. Devang Jain) |
|
Fax No.: |
91-261-2278441 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
Locality : |
Commercial |
DIRECTORS
As on 31.03.2015
|
Name : |
Mrs. Krishnaben Pravinbhai Patel |
|
Designation : |
Managing Director |
|
Address : |
S – 77, Someshwar Enclave, Udhna Magdalla Road, Surat – 395007,
Gujarat, India |
|
Date of Birth/Age : |
20.11.1952 |
|
Date of Appointment : |
01.04.1999 |
|
DIN No.: |
00471713 |
|
|
|
|
Name : |
Mr. Mayankkumar Ambalal Patel |
|
Designation : |
Whole Time Director |
|
Address : |
C/O Al Shola Transport Company, LLC Al Quoze Industrial Area, Al Quoze
Industrial Area – 4, P O Box 7350, Dubai |
|
Date of Birth/Age : |
30.10.1956 |
|
Date of Appointment : |
31.03.1998 |
|
DIN No.: |
00418530 |
|
|
|
|
Name : |
Mr. Pallav Suryakantbhai Patel |
|
Designation : |
Whole Time Director |
|
Address : |
C/O Al Shola Transport Company, LLC Al Quoze Industrial Area, Al Quoze
Industrial Area – 4, P O Box 7350, Dubai |
|
Date of Birth/Age : |
03.03.1980 |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
00418656 |
|
|
|
|
Name : |
Mr. Pravinbhai Narsinghbhai Patel |
|
Designation : |
Whole Time Director |
|
Address : |
S – 77, Someshwar Enclave, Udhna Magdalla Road, Surat – 395001,
Gujarat, India |
|
Date of Birth/Age : |
18.11.1946 |
|
Date of Appointment : |
10.01.1992 |
|
DIN No.: |
00471462 |
|
|
|
|
Name : |
Mr. Kirtibhai Shantilal Desai |
|
Designation : |
Whole Time Director |
|
Address : |
5 – C, Dr. Mansukhlal Tower, Chowpati, |
|
Date of Birth/Age : |
05.11.1948 |
|
Date of Appointment : |
10.01.1992 |
|
DIN No.: |
00471572 |
KEY EXECUTIVES
|
Name : |
Mr. Devang Naik |
|
Designation : |
Chief Manager Account |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2015
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Malhar Patel |
7500 |
7.50 |
|
Deep Desai |
5000 |
5.00 |
|
Pallav Suryakantbhai Patel |
50000 |
50.00 |
|
Pravinbhai Narsinghbhai Patel |
7500 |
7.50 |
|
Krishnaben P. Patel |
5000 |
5.00 |
|
Kirtibhai Shantilal Desai |
8000 |
8.00 |
|
Sarlaben Desai |
7000 |
7.00 |
|
Mayankbhai Patel |
5000 |
5.00 |
|
Swetaben M. Patel |
5000 |
5.00 |
|
Total |
100000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 26.08.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturing and sale of
chemicals, paints dyers and PVC Stabilizer. (Registered Activity) |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished good |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash / L/C / Credit |
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Purchasing : |
Cash / L/C / Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
40 (Approximately) |
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Bankers : |
The Hongkong and Shanghai Banking Corporation Limited, 52/60, Mahatma Gandhi Road, Fort, Mumbai - 400001, Maharashtra, India |
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Facilities : |
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Auditors : |
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|
Name : |
DSI and Company Chartered Accountants |
|
Address : |
MF/ 14-26, Nariman Point Shopping Centre, Near Raghuvir Bunglows, City
Light Road, Surat- 395007, Gujarat, India |
|
Tel. No.: |
91-261-3992929/3994747 |
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Fax No.: |
91-261-3053838 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAFFD4002N |
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Memberships : |
-- |
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Collaborators : |
-- |
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|
|
Associates : |
P. K. Intermediates Private Limited |
CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 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 |
10.000 |
10.000 |
10.000 |
|
(b) Reserves & Surplus |
97.957 |
83.741 |
74.244 |
|
(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) |
107.957 |
93.741 |
84.244 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
10.794 |
8.085 |
11.366 |
|
(b) Deferred tax liabilities (Net) |
6.681 |
5.685 |
5.510 |
|
(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) |
17.475 |
13.770 |
16.876 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
102.761 |
115.222 |
97.930 |
|
(b) Trade
payables |
47.648 |
57.924 |
44.271 |
|
(c) Other
current liabilities |
8.388 |
6.388 |
7.117 |
|
(d) Short-term
provisions |
4.357 |
3.644 |
7.120 |
|
Total Current
Liabilities (4) |
163.154 |
183.178 |
156.438 |
|
|
|
|
|
|
TOTAL |
288.586 |
290.689 |
257.558 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
93.908 |
83.422 |
65.611 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.326 |
1.364 |
0.391 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
95.234 |
84.786 |
66.002 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
69.748 |
69.182 |
56.757 |
|
(c) Trade
receivables |
95.931 |
115.279 |
113.495 |
|
(d) Cash
and cash equivalents |
4.868 |
4.950 |
5.207 |
|
(e) Short-term
loans and advances |
22.805 |
16.492 |
16.097 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
193.352 |
205.903 |
191.556 |
|
|
|
|
|
|
TOTAL |
288.586 |
290.689 |
257.558 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
409.813 |
421.261 |
396.230 |
|
|
|
Other Income |
8.387 |
0.060 |
3.011 |
|
|
|
TOTAL (A) |
418.200 |
421.321 |
399.241 |
|
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
330.348 |
330.855 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(5.265) |
(1.377) |
|
|
|
|
Employees benefits expense |
12.839 |
16.831 |
|
|
|
|
Other expenses |
44.123 |
42.013 |
|
|
|
|
Exceptional Items |
0.011 |
0.000 |
|
|
|
|
TOTAL (B) |
382.056 |
388.322 |
377.642 (Including Financial Expenses) |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (C) |
36.144 |
32.999 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
13.656 |
16.975 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
22.488 |
16.024 |
21.599 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
5.364 |
3.838 |
2.948 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
17.124 |
12.186 |
18.651 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.908 |
2.689 |
6.105 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
14.216 |
9.497 |
12.546 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
80.829 |
71.332 |
60.495 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
0.314 |
|
|
|
Proposed dividend on equity shares |
0.000 |
0.000 |
1.200 |
|
|
|
Tax on Proposed dividend on equity shares |
0.000 |
0.000 |
0.195 |
|
|
BALANCE CARRIED
TO THE B/S |
95.045 |
80.829 |
71.332 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
47.420 |
37.759 |
35.862 |
|
|
|
|
|
|
|
|
|
|
Value of Imports
on CIF Basis |
118.887 |
138.527 |
119.980 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (Rs.) |
142.16 |
94.97 |
125.46 |
|
Expected Sales (2015-2016) : Rs.450.000 Million
The above information has been parted by Mr. Devang Naik (Chief Accounts
Manager)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
7.161 |
4.666 |
6.251 |
|
Cash generated from operations |
19.060 |
40.959 |
46.025 |
|
Net cash generated from operating activities |
17.137 |
38.445 |
40.999 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.47 |
2.25 |
3.17 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
8.82 |
7.83 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.93 |
4.19 |
7.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
0.13 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.12 |
1.37 |
1.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.19 |
1.12 |
1.22 |
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 |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
74.244 |
83.741 |
97.957 |
|
Net
worth |
84.244 |
93.741 |
107.957 |
|
|
|
|
|
|
long-term borrowings |
11.366 |
8.085 |
10.794 |
|
Short term borrowings |
97.930 |
115.222 |
102.761 |
|
Current maturities of
long-term debts |
6.251 |
4.666 |
7.161 |
|
Total
borrowings |
115.547 |
127.973 |
120.716 |
|
Debt/Equity
ratio |
1.372 |
1.365 |
1.118 |
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 |
396.230 |
421.261 |
409.813 |
|
|
|
6.317 |
(2.718) |
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 |
396.230 |
421.261 |
409.813 |
|
Profit |
12.546 |
9.497 |
14.216 |
|
|
3.17% |
2.25% |
3.47% |
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) |
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 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 |
NOTE: Registered office of the company has been shifted from Harikunj, SVP Road No 3, Udhna Udyog Nagar, Surat, Gujarat, India to the present address w.e.f. 25.01.2013
CORPORATE
INFORMATION
The company is a private limited company and incorporated under the provision
of the company’s act 1956. The company is engaged in the business of
manufacturing and sale of chemicals, paints dyers and PVC Stabilizer.
PERFORMANCE
AND FUTURE OUTLOOK:
The gross revenue from operations for the financial year was Rs.409.337 Million as against Rs.420.822 Million for the previous financial year. The profit after tax increased to Rs. 14.216 Million as compared to Rs. 9.497 Million for the previous financial year. This is mainly due to increase in volumes and other cost saving measures taken by the company' the Company is well on the way to further growth. The company has good order position on hand and with aggressive marketing strategy, it will further strengthen. The company is also making continuous efforts to improve the quality of products to sustain and grow in the competitive market.
UNSECURED LOAN
|
PARTICULARS |
31.03.2015 (Rs.
in Million) |
31.03.2014 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
From Directors and Shareholders |
0.036 |
0.166 |
|
Total |
0.036 |
0.166 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10521101 |
04/09/2014 |
20,000,000.00 |
The Hongkong and Shanghai Banking Corporation Limited |
52/60, Mahatma Gandhi Road, Fort, Mumbai, Maharashtra - 400001, INDIA |
C21639455 |
|
2 |
10509196 |
13/06/2014 |
15,000,000.00 |
The Hongkong and Shanghai Banking Corporation Limited |
52/60, Mahatma Gandhi Road,, Fort, Mumbai, Maharashtra - 400001, INDIA |
C11429792 |
|
3 |
10474210 |
04/06/2014 * |
178,500,000.00 |
The Hongkong and Shanghai Banking Corporation Limited |
52/60, Mahatma Gandhi Road,, Fort, Mumbai, Maharashtra - 400001, INDIA |
C11033339 |
* Date of charge modification
FIXED ASSETS
·
Land
·
·
Plant and Machinery
·
Electrical Fittings
·
Furniture and Fixture
·
Laboratories Equipment
·
Motor Car
·
Computers
·
D G Set
·
Office Equipment
·
Drainage System
·
CC TC Camera
·
Telephone /
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.66.99 |
|
|
1 |
Rs.101.78 |
|
Euro |
1 |
Rs.73.46 |
INFORMATION DETAILS
|
Information Gathered
by : |
DPA |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
|
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.