MIRA
INFORM REPORT
|
Report No. : |
306019 |
|
Report Date : |
04.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
SIDDHIVINAYAK AESTHETICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Soba Vihar, Bhusari Colony,
Kothrud, Pune – 411038, Maharashtra |
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Country : |
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|
|
|
Financials (as
on) : |
31.03.2013 |
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|
Date of
Incorporation : |
15.06.2007 |
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|
|
|
Com. Reg. No.: |
11-130325 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999PN2007PTC130325 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNES21015B |
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|
|
|
PAN No.: [Permanent Account No.] |
AALCS0132P |
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|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Manufacturer of Automotive components, Plastic Automotive Parts etc. |
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|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having satisfactory track record. The management has failed to file its financial with government
department for the year 2014. As per available financial of 2013, general financial position of the
company seems to be sound. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The company can be considered for business dealings at usual trade
terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
Not Available
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Anil Shah |
|
Designation : |
Chief Finance Officer |
|
Contact No.: |
91-9371460677 |
|
Date : |
30.01.2015 |
LOCATIONS
|
Registered Office : |
Soba Vihar, Bhusari
Colony, Kothrud, Pune – 411038, Maharashtra, India |
|
Tel. No.: |
91-20-30622591 |
|
Mobile No.: |
91-9371460677 (Mr. Mayuresh Biwari) |
|
Fax No.: |
91-20-30622591 |
|
E-Mail : |
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|
Website : |
|
|
|
|
|
Factory 1 : |
D – 3, A – 60, MIDC, Chinchwad, Pune – 411019, |
|
|
|
|
Factory 2 : |
Gat No 226/2 & 219 Village Bhamboli Taluk Khed Chakan, Pune-
410501, Maharashtra, India |
DIRECTORS
As on 07.08.2013
|
Name : |
Mr. Rajiv Shriniwas Risbud |
|
Designation : |
Director |
|
Address : |
S No. 121-122 PL No.24 Rambag FL-9 Colony Kothrud Pune – 411029,
Maharashtra, India |
|
Date of Birth/Age : |
03.08.1971 |
|
Date of Appointment : |
15.06.2007 |
|
DIN No.: |
01473291 |
|
|
|
|
Name : |
Mr. Mayuresh Vinayak Biware |
|
Designation : |
Director |
|
Address : |
Flat no.7, soba vihar “A” wing bhusari colony, kolthrud, pune –
411038, Maharashtra, india |
|
Date of Birth/Age : |
02.02.1977 |
|
Date of Appointment : |
15.06.2007 |
|
|
|
|
Name : |
Rajendra Chandrakant Salunkhe |
|
Designation : |
Director |
|
Address : |
763 Trimurti Niwas Sheyog Nagar Rupee Nagar Nigdi Pune -411044,
Maharashtra, India |
|
Date of Birth/Age : |
27.07.1971 |
|
Date of Appointment : |
15.06.2007 |
|
DIN No.: |
01473321 |
|
|
|
|
Name : |
Makarand Sajjan Savagaonkar |
|
Designation : |
Director |
|
Address : |
Flat No. 601, Despande Durg ICS Colony Bhosale Nagar, Pune-411007,
Maharashtra, India |
|
Date of Birth/Age : |
28.08.1966 |
|
Date of Appointment : |
07.08.2013 |
|
DIN No.: |
01473447 |
|
|
|
|
Name : |
Leena makarand Savagaonkar |
|
Designation : |
Director |
|
Address : |
Flat No. 601, Despande Durg ICS Colony Bhosale Nagar, Pune-411007,
Maharashtra, India |
|
Date of Birth/Age : |
14.08.1968 |
|
Date of Appointment : |
07.08.2013 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 07.08.2013
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Rajiv Shrinivas Risbud |
441750 |
33.21 |
|
Mayuresh Vinayak Biware |
441750 |
33.21 |
|
Rajendra Chandrakant Salunkhe |
66500 |
5.00 |
|
Maklee Investments Private Limited |
255000 |
19.17 |
|
Eminence Equipments Private Limited |
125000 |
9.40 |
|
Total |
1330000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Automotive components, Plastic Automotive Parts etc. |
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|
Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Auditors : |
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Name : |
Sagar Dube and Associates Chartered Accountants |
|
Address : |
C-1224, Five Gardens, Pimple Saudagar, Pune – 411017, Maharashtra,
India |
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PAN No.: |
AYOPD9689A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 07.08.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4950000 |
Equity Shares |
Rs.10/- each |
Rs.49.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1330000 |
Equity Shares |
Rs.10/- each |
Rs.13.300
Millions |
|
|
|
|
|
As on 31.03.2013
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs. 9.500
millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
9.500 |
9.500 |
|
(b) Reserves & Surplus |
|
101.269 |
74.890 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
110.769 |
84.390 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
34.349 |
52.390 |
|
(b) Deferred tax liabilities (Net) |
|
1.636 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
35.985 |
52.390 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
181.556 |
94.191 |
|
(b) Trade payables |
|
56.823 |
76.982 |
|
(c) Other current
liabilities |
|
7.700 |
36.639 |
|
(d) Short-term provisions |
|
4.213 |
1.701 |
|
Total Current Liabilities (4) |
|
250.292 |
209.513 |
|
|
|
|
|
|
TOTAL |
|
397.046 |
346.293 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
103.842 |
107.011 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
5.281 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
18.639 |
7.184 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
127.762 |
114.195 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
113.870 |
79.080 |
|
(c) Trade receivables |
|
124.265 |
134.241 |
|
(d) Cash and cash
equivalents |
|
0.461 |
5.921 |
|
(e) Short-term loans and
advances |
|
24.947 |
10.773 |
|
(f) Other current assets |
|
5.741 |
2.083 |
|
Total Current Assets |
|
269.284 |
232.098 |
|
|
|
|
|
|
TOTAL |
|
397.046 |
346.293 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
9.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
44.685 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
54.185 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
106.750 |
|
|
2] Unsecured Loans |
|
|
1.379 |
|
|
TOTAL BORROWING |
|
|
108.129 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
162.314 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
97.569 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
44.655 |
|
|
Sundry Debtors |
|
|
59.161 |
|
|
Cash & Bank Balances |
|
|
2.328 |
|
|
Other Current Assets |
|
|
19.031 |
|
|
Loans & Advances |
|
|
5.601 |
|
Total
Current Assets |
|
|
130.776 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
48.776 |
|
|
Other Current Liabilities |
|
|
15.125 |
|
|
Provisions |
|
|
2.134 |
|
Total
Current Liabilities |
|
|
66.035 |
|
|
Net Current Assets |
|
|
64.741 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.004 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
162.314 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
526.600 |
NA |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
42.563 |
44.079 |
17.045 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
16.185 |
13.874 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
26.378 |
30.205 |
17.045 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
27.77 |
31.79 |
17.94 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
5.01 |
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.86 |
12.73 |
13.03 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.38 |
0.52 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.95 |
1.74 |
1.99 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.08 |
1.11 |
1.98 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
9.500 |
9.500 |
9.500 |
|
Reserves & Surplus |
44.685 |
74.890 |
101.269 |
|
Net
worth |
54.185 |
84.390 |
110.769 |
|
|
|
|
|
|
long-term borrowings |
|
52.390 |
34.349 |
|
Short term borrowings |
|
94.191 |
181.556 |
|
Total
borrowings |
108.129 |
146.581 |
215.905 |
|
Debt/Equity
ratio |
1.996 |
1.737 |
1.949 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT
MATURITIES OF LONG-TERM DEBT DETAILS: NOT AVAILABLE
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10493874 |
25/03/2014 * |
42,400,000.00 |
Small Industries Development Bank of India |
"Jeevan Shree" Building , Ground Floor , S.No.1109 |
C05990973 |
|
2 |
10452118 |
29/10/2013 * |
140,500,000.00 |
Small Industries Development Bank Of India |
"Jeevan Shree" Bulding , Ground Floor , S.No.1109, |
B91765933 |
|
3 |
10424778 |
16/03/2013 |
198,030,000.00 |
Punjab National Bank |
Bhosari Industrial Branch, Landewadi, Bhosari, Pune, Maharashtra -
411026, INDIA |
B74784216 |
|
4 |
10309338 |
06/08/2011 |
23,074,000.00 |
Punjab National Bank |
B/o Landewadi, Bhosari Industrial Estate, Bhosari |
B22189088 |
|
5 |
10253440 |
16/11/2010 |
1,470,000.00 |
Punjab National Bank |
B/o Landewadi, Bhosari Industrial Estate, Bhosari, Pune, Maharashtra -
411039, INDIA |
B00437962 |
|
6 |
10253078 |
20/10/2010 |
46,500,000.00 |
Punjab National Bank |
B/o Landewadi, Bhosari Industrial Estate, Bhosari, Pune, Maharashtra -
411039, INDIA |
B00426874 |
|
7 |
10321060 |
20/07/2010 |
870,000.00 |
Punjab National Bank |
Shop No. 7 & 8, The Jewel of Pimpri,, Pune-Mumbai |
B00438036 |
|
8 |
10216519 |
15/03/2010 |
1,099,000.00 |
Punjab National Bank |
Bhosari Industrial Estate, Pune, Maharashtra - 411 |
A84457878 |
|
9 |
10185256 |
26/09/2009 |
730,000.00 |
Punjab National Bank |
Bhosari Industrial Estate, Pune, Maharashtra - 411 |
A73397705 |
|
10 |
10098140 |
14/01/2013 * |
150,000,000.00 |
PUNJAB NATIONAL BANK |
BHOSARI INDUSTRIAL ESTATE, PUNE, Maharashtra - 411 |
B69020402 |
* Date of charge modification
FIXED ASSETS
·
Furniture and fixture
·
Office equipment
·
Vehicles
·
Plant and machinery
·
Plant and machinery
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 records 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.61.73 |
|
|
1 |
Rs.92.71 |
|
Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
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 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
42 |
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.