MIRA INFORM REPORT
|
Report No. : |
354979 |
|
Report Date : |
21.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
BEST VALUE CHEM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
4, Prabhu Park Society No.2, Near Anand Balwadi, Amrakunj Extension, Baroda
– 390023, Gujarat |
|
Tel. No.: |
91-265-2341259 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
18.12.1996 |
|
|
|
|
Com. Reg. No.: |
04-031318 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.12.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110GJ1996PTC031318 |
|
|
|
|
IEC No.: |
0399008365 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDB00363G BRDB01191B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB9400C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Aromatic and Perfumery
Chemicals. (Confirmed by management) |
|
|
|
|
No. of Employees
: |
120 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
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 |
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|
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|
Comments : |
Best Value Chem Private Limited incorporated on 18th
December 1996 and it is established company having satisfactory track. Rating on company reflect its extensive experience of the promoters in
the aromea chemicals manufacturing business and its established relationships
with customers and suppliers. The ratings also factor in the company’s healthy financial and,
operational risk profile, decent profit marked by moderate gearing and debt
protection metrics along with equity infusion by the promoter marking capital
base of company strong during FY-15. These rating strengths are partially offset on susceptibility of its
margins to volatility in raw material prices and low demand for its end-users
products. However, trade relations are reported as fair. Business is active.
Payment are reported to be usually correct. The company can be considered normal 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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term bank facilities = BB+ |
|
Rating Explanation |
Inadequate credit quality and high credit risk. |
|
Date |
January 27, 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term bank facilities = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
January 27, 2015 |
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 : |
Mrs. Hemali |
|
Designation : |
Finance Assistant |
|
Contact No.: |
91-265-2341259 |
|
Date : |
15.12.2015 |
LOCATIONS
|
Registered Office : |
4, Prabhu Park Society No.2, Near Anand Balwadi, Amrakunj Extension,
Baroda – 390023, Gujarat, India |
|
Tel. No.: |
91-265-2341259 |
|
Fax No.: |
91-265-2341823 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
706,707,708, Atlantis, Heights, Sarabai Compound, Vikram Sarabhai
Road, Vadodara – 390023, Gujarat, India |
|
|
|
|
Factory : |
Plot No. 437, 438, 439, Effluent Channel Road, Village Karakhadi – 391450,
Taluka : Padra, District – Vadodar, Gujarat, India |
|
Tel No.: |
91-2662-273327 / 273606 |
|
Fax No.: |
91-2662-273607 |
|
|
|
|
Corporate Office : |
303, 3rd Floor, Rubillite Hub 32, Ajitnagar Society, Near Urmi
Crossing, Akota, Vadodara – 390007, Gujarat, India |
|
Tel No: |
91-265-2341259 / 2341427 / 2325813 |
|
Fax No.: |
91-265-2341823 |
|
Website : |
DIRECTORS
As on 15.09.2014
|
Name : |
Mr. Shaju Chazhoor Ouseph |
|
Designation : |
Director |
|
Address : |
102, Helly Residency Flats, Urmi Society, BPC Road, Vadodara – 390007,
Gujarat, India |
|
Date of Birth/Age : |
01.06.1968 |
|
Date of Appointment : |
01.09.1998 |
|
DIN No.: |
01482035 |
|
|
|
|
Name : |
Mr. Mahesh Madanlal Shah |
|
Designation : |
Director |
|
Address : |
204, Purnima Appartment, Near Anand Balwadi, Amrakunj Extension,
Vadodara – 390023, Gujarat, India |
|
Date of Birth/Age : |
01.12.1969 |
|
Date of Appointment : |
06.12.2007 |
|
DIN No.: |
00050061 |
KEY EXECUTIVES
|
Name : |
Mrs. Hemali |
|
Designation : |
Finance Assistant |
MAJOR SHAREHOLDERS
As on 15.09.2014
|
Names of Shareholders (Equity Shares) |
No. of Shares |
|
Manda J Patel and Prittin J Patel |
2000 |
|
Prittin J Patel and Manda J Patel |
2500 |
|
Aromix Private limited, India |
24500 |
|
Green Biz Holdings and Consultants (Mumbai)
Private limited |
9998 |
|
Green Biz Holdings and Consultants (Mumbai) Private
limited With Jyothidra Shntilal. Patel |
1 |
|
Green Biz Holdings and Consultants (Mumbai)
Private limited With Sanjay Shntilal. Patel with Nita S. Patel |
1 |
|
Rajesh Patel (HUF) |
1750 |
|
Chazhoor Ouseph Shaju |
2500 |
|
Swati Milind Gawde |
1000 |
|
Janhavi Kalpesh Parmar |
500 |
|
Naren M.Patel with Ilkumari N. Patel |
3500 |
|
Finhelp Investment and Consultants (Mumbai)
Private Limited, India |
1750 |
|
Total |
50000 |
|
Names of Shareholders (Preference Shares) |
No. of Shares |
|
Multimode Enterprises Private Limited, India
|
10000 |
|
Total |
10000 |
As on 15.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
16.00 |
|
Bodies corporate |
72.00 |
|
Directors or relatives of Directors |
5.00 |
|
Other top fifty shareholders |
7.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Aromatic and Perfumery
Chemicals. (Confirmed by management) |
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Products / Services : |
Manufacturing Of Organic Chemicals |
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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 Goods |
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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 and Credit |
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Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
120 (Approximately) |
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Bankers : |
·
Dena Bank · Indian Overseas Bank Limited, Dandia Bazar Char Rasta, NR Fire Station, Baroda – 390001, Gujarat, India ·
Bank of Baroda, Gorwa, Industrial Estate Branch,
GIDC Gorwa, Vadodra – 390005, Gujarat, India ·
Indian Overseas Bank Limited , Mumbai ·
Bank of India – Kalbadevi ·
Bank of India – Hill Road ·
Royal Bank or Scotland –Mumabai ·
HDFC Bank |
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|
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Viranch Modi and Associates Chartered Accountants |
|
Address : |
7, Pushpanagar Society, Behind Narmadanagar No.1, Vasar Road,
Manjalpur, Vadodara – 390011, Gujarat, India |
|
Tel. No.: |
91-265-2664247 |
|
Mobile No.: |
91-9371639578 |
|
E-Mail : |
|
|
PAN No.: |
ANPPM7866E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : |
·
Aromix Private Limited, India ·
Green Biz Holdings and Consultants Private
Limited, India |
CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1250000 |
Equity Shares (Increase in 250000 Equity Share 10/- Each) |
Rs.10/-each |
Rs.10.000 Million |
|
10000 |
Preference Shares |
Rs.1000/-each |
Rs.10.000 Million |
|
|
Total |
|
Rs.12.500
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/-each |
Rs.2.500 Million |
|
10000 |
Preference Shares |
Rs.1000/-each |
Rs.10.000 Million |
|
|
Total |
|
Rs.12.500
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 |
12.500 |
10.500 |
10.500 |
|
(b) Reserves & Surplus |
182.331 |
146.678 |
108.676 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
2.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
194.831 |
159.178 |
119.176 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
149.496 |
124.597 |
117.896 |
|
(b) Deferred tax liabilities
(Net) |
5.190 |
8.973 |
5.814 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
2.224 |
1.652 |
1.309 |
|
Total
Non-current Liabilities (3) |
156.910 |
135.222 |
125.019 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
254.299 |
214.340 |
164.331 |
|
(b) Trade payables |
246.810 |
225.561 |
170.679 |
|
(c) Other current liabilities |
37.756 |
56.778 |
38.747 |
|
(d) Short-term provisions |
2.774 |
1.613 |
2.884 |
|
Total
Current Liabilities (4) |
541.639 |
498.292 |
376.641 |
|
|
|
|
|
|
TOTAL |
893.380 |
792.692 |
620.836 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
148.550 |
155.346 |
108.666 |
|
(ii) Intangible Assets |
0.300 |
0.324 |
0.434 |
|
(iii) Capital work-in-progress |
32.181 |
14.143 |
20.767 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.050 |
0.050 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
13.981 |
9.220 |
11.397 |
|
(e) Other Non-current assets |
0.000 |
2.464 |
1.638 |
|
Total
Non-Current Assets |
195.062 |
181.547 |
142.902 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
194.226 |
204.432 |
141.465 |
|
(c) Trade receivables |
327.487 |
261.106 |
221.672 |
|
(d) Cash and cash equivalents |
87.331 |
63.164 |
61.723 |
|
(e) Short-term loans and
advances |
89.274 |
82.443 |
53.074 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
698.318 |
611.145 |
477.934 |
|
|
|
|
|
|
TOTAL |
893.380 |
792.692 |
620.836 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Gross Income |
|
|
984.996 |
|
|
Other Income |
|
|
23.586 |
|
|
TOTAL
(A) |
1364.306 |
1244.427 |
1008.582 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
|
713.757 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
|
(4.912) |
|
|
Employees benefits expense |
|
|
26.089 |
|
|
Other expenses |
|
|
176.985 |
|
|
TOTAL
(B) |
1307.511 (Including
depreciation and finance) |
1185.918 (Including
depreciation and finance) |
911.919 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
|
|
96.663 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
34.900 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
61.763 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
18.285 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
56.795 |
58.509 |
43.478 |
|
|
|
|
|
|
|
Less |
TAX (H) |
17.560 |
20.507 |
14.173 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
39.235 |
38.002 |
29.305 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
NA |
NA |
78.038 |
|
|
|
|
|
|
|
Add |
Prior
Period Adjustment |
NA |
NA |
1.333 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
NA |
NA |
108.676 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Income from Foreign Currency |
1105.351 |
990.310 |
776.588 |
|
|
TOTAL
EARNINGS |
1105.351 |
990.310 |
776.588 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
706.735 |
571.731 |
|
|
TOTAL
IMPORTS |
NA |
706.735 |
571.731 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
31.38 |
760.04 |
612.74 |
Expected Sales (2015-2016) : Rs.1450.000 Million
The above information has been parted by Mrs. Hemali (Finance
Assistant).
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 flows from (used in) operations |
29.346 |
20.400 |
NA |
|
Net cash flows from (used in) operations |
9.634 |
2.124 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Gross Income |
(%) |
2.88 |
3.05 |
2.98 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Gross Income) |
(%) |
4.16 |
4.70 |
9.81 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.60 |
7.52 |
7.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.37 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debts/Networth) |
|
2.07 |
2.13 |
2.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.29 |
1.23 |
1.27 |
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 |
10.500 |
10.500 |
12.500 |
|
Reserves & Surplus |
108.676 |
146.678 |
182.331 |
|
Net
worth |
119.176 |
159.178 |
194.831 |
|
|
|
|
|
|
long-term borrowings |
117.896 |
124.597 |
149.496 |
|
Short term borrowings |
164.331 |
214.340 |
254.299 |
|
Total
borrowings |
282.227 |
338.937 |
403.795 |
|
Debt/Equity
ratio |
2.368 |
2.129 |
2.073 |
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) |
|
Gross Income |
1008.582 |
1244.427 |
1364.306 |
|
|
|
23.384 |
9.633 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Gross Income |
1008.582 |
1244.427 |
1364.306 |
|
Profit |
29.305 |
38.002 |
39.235 |
|
|
2.91% |
3.05% |
2.88% |
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 |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
---------------------- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
---------------------- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
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 |
10605671 |
21/11/2015 |
392,800,000.00 |
Axis Bank Limited |
"TRISHUL" 03RD FLOOR, OPP SAMARTHESHWAR TEMPLE, LAW GARDEN,
ELLIS BRIDGE, AHEMDABAD, Gujarat - 380006, INDIA |
C71922926 |
|
2 |
10597329 |
23/09/2015 |
392,800,000.00 |
Axis Bank Limited |
"TRISHUL" 03RD FLOOR, OPP SAMARTHESHWAR TEMPLE, LAW GARDEN,
ELLIS BRIDGE, AHEMDABAD, Gujarat - 380006, INDIA |
C67407858 |
* Date of charge modification
UNSECURED LOANS
|
Unsecured Loan |
31.03.2015 (Rs.
in Million) |
31.03.2014 (Rs.
in Million) |
|
Long-term Borrowings |
|
|
|
Fully convertible debentures others |
27.800 |
27.800 |
|
Deposits from shareholders |
93.000 |
88.500 |
|
Intercorporate deposits |
7.096 |
7.097 |
|
Deposits from others |
0.000 |
1.200 |
|
Total |
127.896 |
124.597 |
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
|
Claims against company not acknowledged as debt |
0.000 |
9.636 |
|
Other money for which company is contingently liable |
8.746 |
11.248 |
FIXED ASSETS
· Land
· Buildings
· Office building
· Factory building
· Plant and equipment
· Factory equipments
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
· Computer equipments
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.66.42 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.72.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.