MIRA INFORM REPORT
|
Report No. : |
355350 |
|
Report Date : |
21.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
CDP (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B2-603, Marathon Next Gen Innova, Off. G.K. Marg, Lower Parel (West),
Mumbai – 400013, Maharashtra |
|
Tel No.: |
91-22-67674600 / 01 / 02 / 03 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
07.07.1999 |
|
|
|
|
Com. Reg. No.: |
11-120702 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.900 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72100MH1999PTC120702 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMC10372F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC42224 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Computer and Computer Peripherals and also Providing
Networking Solutions. (Confirmed
by management) |
|
|
|
|
No. of Employees
: |
65 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Rating reflects company moderate financial profile marked by low
profit margin levels and huge external borrowing taken borrowings taken by
the company which may act as a threat to its liquidity. Rating also takes into consideration, weak bargaining power with
concentrated customer base and intensely competitive nature of IT
Industry. Trade relations seems to be fair. Business is active. Payment terms
are reported as slow but correct. In view of experienced promoters, the company can be considered for
business dealings with some caution. Note: Management of the company has not filed its financial with the
government department for the year 2015. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term Rating =
B+ |
|
Rating Explanation |
Risk prone credit
quality and high credit risk. |
|
Date |
January, 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Rating =
A4 |
|
Rating Explanation |
Minimal degree of
safety and very high credit risk |
|
Date |
January, 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 : |
Ms. Sonal Dave |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-67674600 |
|
Date : |
17.12.2015 |
LOCATIONS
|
Registered/
Corporate Office : |
B2-603, Marathon Next Gen Innova, Off. G.K. Marg, Lower Parel (West),
Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-67674600 / 01 / 02 / 03 |
|
Fax No.: |
91-22-67674646 / 67674608 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Warehouse : |
Located At: · Vashi · Sativali · Vasai |
|
|
|
|
Branch Offices : |
Located At :
|
DIRECTORS
As on 31.03.2015
|
Name : |
Mr. Nikesh Jalamchand Sakaria |
|
Designation : |
Director |
|
Address : |
5, My Home Building, 3rd Floor, Raghavji Lane, Gowalia
Tank, Mumbai - 400007, Maharashtra, India |
|
Date of Birth/Age : |
25.09.1966 |
|
Date of Appointment : |
07.07.1999 |
|
DIN No.: |
01524657 |
|
|
|
|
Name : |
Mr. Jalamchand Hirachand Sakaria |
|
Designation : |
Director |
|
Address : |
5, My Home Building, 3rd Floor, Raghavji Lane, Gowalia
Tank, Mumbai - 400007, Maharashtra, India |
|
Date of Birth/Age : |
31.08.1933 |
|
Date of Appointment : |
07.07.1999 |
|
DIN No.: |
01524660 |
|
|
|
|
Name : |
Mrs. Alka Sakaria Nikesh |
|
Designation : |
Director |
|
Address : |
5, My Home Building, 3rd Floor, Raghavji Lane, Gowalia
Tank, Mumbai - 400007, Maharashtra, India |
|
Date of Birth/Age : |
18.09.1970 |
|
Date of Appointment : |
07.07.1999 |
|
DIN No.: |
01524883 |
|
|
|
|
Name : |
Mrs. Anita Satish Sakaria |
|
Designation : |
Director |
|
Address : |
5, My Home Building, 3rd Floor, Raghavji Lane, Gowalia Tank,
Mumbai - 400007, Maharashtra, India |
|
Date of Birth/Age : |
15.08.1968 |
|
Date of Appointment : |
07.07.1999 |
|
DIN No.: |
01524893 |
|
|
|
|
Name : |
Mr. Ankitkumar Ishwarlal Desai |
|
Designation : |
Director |
|
Address : |
602, 6th Floor, Mehul Palace, A Wing, Opposite Bhagwati
Hospital, Borivali (West), Mumbai - 400103, Maharashtra, India |
|
Date of Birth/Age : |
21.06.1968 |
|
Date of Appointment : |
02.04.2007 |
|
PAN No.: |
AAAPD8251G |
|
DIN No.: |
02391113 |
KEY EXECUTIVES
|
Name : |
Ms. Sonal Dave |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Nikesh J. Sakaria |
|
46000 |
|
Alka Sakaria Nikesh |
|
43000 |
|
Jalamchand H. Sakaria |
|
4990 |
|
Anita Satish Sakaria |
|
5000 |
|
Ankitkumar Ishwarlal Desai |
|
10 |
|
Total |
|
99000 |
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 |
%20PRIVATE%20LIMITED%20-%20355350_MIRA%2021-Dec-2015_files/image001.gif)
BUSINESS DETAILS
|
Line of Business : |
Trader of Computer and Computer Peripherals and also Providing
Networking Solutions. (Confirmed
by management) |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
|
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30/ 60/ 90 Days) |
|
|
|
|
Purchasing : |
Cash and Credit (30/ 60/ 90 Days) |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users and OEMs
|
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No. of Employees : |
65 (Approximately) |
||||||||||||||||||||||||
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Bankers : |
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Facilities : |
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|
Auditors : |
|
|
Name : |
Jain R. M. and Company Chartered Accountants |
|
Address : |
4, Krishna Bhavan, 2nd Hasanabad Lane, Santacruz (West), Mumbai – 400069,
Maharashtra, India |
|
Tel. No.: |
91-22-66973797 |
|
PAN No.: |
AAGPJ7388C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
99000 |
Equity Shares |
Rs. 100/- each |
Rs.9.900 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
99000 |
Equity Shares |
Rs. 100/- each |
Rs.9.900 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
9.900 |
9.900 |
9.900 |
|
(b) Reserves & Surplus |
52.613 |
44.472 |
34.224 |
|
(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) |
62.513 |
54.372 |
44.124 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
40.885 |
69.518 |
74.481 |
|
(b) Deferred tax liabilities (Net) |
3.352 |
2.462 |
1.264 |
|
(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) |
44.237 |
71.980 |
75.745 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
120.170 |
173.557 |
78.280 |
|
(b) Trade
payables |
98.248 |
63.046 |
44.397 |
|
(c) Other current
liabilities |
5.023 |
9.555 |
6.289 |
|
(d) Short-term
provisions |
3.503 |
3.737 |
5.493 |
|
Total Current
Liabilities (4) |
226.944 |
249.895 |
134.459 |
|
|
|
|
|
|
TOTAL |
333.694 |
376.247 |
254.328 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
94.718 |
97.801 |
103.691 |
|
(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 |
0.033 |
0.030 |
0.044 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
94.751 |
97.831 |
103.735 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
24.126 |
41.251 |
28.231 |
|
(c) Trade
receivables |
144.677 |
123.510 |
105.713 |
|
(d) Cash
and cash equivalents |
61.874 |
107.279 |
11.567 |
|
(e)
Short-term loans and advances |
4.172 |
3.570 |
4.782 |
|
(f) Other
current assets |
4.094 |
2.806 |
0.300 |
|
Total
Current Assets |
238.943 |
278.416 |
150.593 |
|
|
|
|
|
|
TOTAL |
333.694 |
376.247 |
254.328 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
917.478 |
772.856 |
509.859 |
|
|
Other Income |
25.957 |
20.078 |
19.747 |
|
|
TOTAL |
943.435 |
792.934 |
529.606 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
825.156 |
708.142 |
468.543 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
16.653 |
(13.854) |
(7.793) |
|
|
Employees benefits
expense |
17.234 |
17.761 |
13.476 |
|
|
Other expenses |
44.547 |
37.976 |
24.989 |
|
|
TOTAL |
903.590 |
750.025 |
499.215 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
39.845 |
42.909 |
30.391 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
20.779 |
20.515 |
12.248 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
19.066 |
22.394 |
18.143 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.290 |
7.297 |
7.598 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
11.776 |
15.097 |
10.545 |
|
|
|
|
|
|
|
Less |
TAX |
3.635 |
4.849 |
3.759 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
8.141 |
10.248 |
6.786 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
44.472 |
34.224 |
27.438 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
52.613 |
44.472 |
34.224 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
628.661 |
483.836 |
45.085 |
|
|
TOTAL EARNINGS |
628.661 |
483.836 |
45.085 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
593.073 |
470.039 |
92.103 |
|
|
TOTAL IMPORTS |
593.073 |
470.039 |
92.103 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
82.24 |
103.51 |
68.55 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1000.000 |
The above information has been parted by Ms. Sonal Dave (Accountant).
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 |
9.390 |
123.230 |
59.434 |
|
Net cash generated (used in) from operations |
7.337 |
117.953 |
56.284 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.89 |
1.33 |
1.33 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
4.34 |
5.55 |
5.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.53 |
4.01 |
4.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.28 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.58 |
4.47 |
3.46 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.05 |
1.11 |
1.12 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
9.900 |
9.900 |
9.900 |
|
Reserves & Surplus |
34.224 |
44.472 |
52.613 |
|
Net
worth |
44.124 |
54.372 |
62.513 |
|
|
|
|
|
|
Long Term borrowings |
74.481 |
69.518 |
40.885 |
|
Short Term borrowings |
78.280 |
173.557 |
120.170 |
|
Total
borrowings |
152.761 |
243.075 |
161.055 |
|
Debt/Equity
ratio |
3.462 |
4.471 |
2.576 |
%20PRIVATE%20LIMITED%20-%20355350_MIRA%2021-Dec-2015_files/image002.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs. In
Million |
|
Sales |
509.859 |
772.856 |
917.478 |
|
|
|
51.582 |
18.713 |
%20PRIVATE%20LIMITED%20-%20355350_MIRA%2021-Dec-2015_files/image003.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales
|
509.859 |
772.856 |
917.478 |
|
Profit |
6.786 |
10.248 |
8.141 |
|
|
1.33% |
1.33% |
0.89% |
%20PRIVATE%20LIMITED%20-%20355350_MIRA%2021-Dec-2015_files/image004.gif)
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 |
Yes |
|
12 |
Voter ID Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
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 |
No |
|
26 |
Turnover of firm for last four 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 |
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
SHORT TERM BORROWINGS |
|
|
|
Directors Loan |
32.644 |
27.800 |
|
Total |
32.644 |
27.800 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10554098 |
14/02/2015 |
2,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, VADODARA - 390015, GUJARAT, INDIA |
C46161725 |
|
2 |
10554103 |
14/02/2015 |
50,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, VADODARA - 390015, GUJARAT, INDIA |
C46163291 |
|
3 |
10554102 |
14/02/2015 |
148,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, VADODARA - 390015, GUJARAT, INDIA |
C46164174 |
|
4 |
10434442 |
24/05/2013 |
20,000,000.00 |
BANK OF INDIA |
296-296A, SHANKAR SETH MANSION, NANA CHOWK, MUMBAI - 400007, MAHARASHTRA, INDIA |
B78548500 |
|
5 |
10304743 |
04/09/2014 * |
239,000,000.00 |
BANK OF INDIA |
296A, SUNKER SETT MANSION, TARDEO ROAD, NANA CHOWK, MUMBAI - 400007, MAHARASHTRA, INDIA |
C24881690 |
|
6 |
10304761 |
26/07/2011 |
6,000,000.00 |
BANK OF INDIA |
STAR HOUSE, C-5 , G BLOCK, BANDRA -KURLA COMPLEX, BANDRA (E) , NANA CHOWK BRANCH, MUMBAI - 400051, MAHARASHTRA, INDIA |
B19853571 |
|
7 |
10304766 |
26/07/2011 |
70,000,000.00 |
BANK OF INDIA |
STAR HOUSE, C-5 ,"G" BLOCK, BANDRA - KURLA COMPLEX, BANDRA (E), NANA CHOWK BRANCH, MUMBAI - 400051, MAHARASHTRA, INDIA |
B19855972 |
|
8 |
90144946 |
21/05/2013 * |
120,000,000.00 |
BANK OF INDIA |
296-296A, SHANKAR SETH MANSION, NANA CHOWK, MUMBAI - 400007, MAHARASHTRA, INDIA |
B78540648 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
CMT REPORT (Corruption, Money Laundering &
Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.42 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.72.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KYP |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
30 |
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.