MIRA INFORM REPORT
|
Report No. : |
308025 |
|
Report Date : |
18.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
PCK COTTON PRIVATE LIMITED (w.e.f. 20.12.2004) |
|
|
|
|
Formerly Known
As : |
PEECEEKAY COTTON GINNING AND PRESSING FACTORY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
S-21, Cotton Exchange Building, Cotton Green, Mumbai – 400033,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
04.08.1999 |
|
|
|
|
Com. Reg. No.: |
11-121142 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01405MH1999PTC121142 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AACCP4233B |
|
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of Cotton ginning pressing and trading
activity. |
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|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 73000 |
|
|
|
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. Management of the company has failed to file its latest financial for
the year 2014 with the Government Department. As per available financial of 2013, profitability of the company seems
to be low. However, trade relation are fair. Business is active. Payment terms
are reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating: B+ |
|
Rating Explanation |
Have high risk of default |
|
Date |
05.06.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating: A4 |
|
Rating Explanation |
Have minimal degree of safety and carry very
high credit risk. |
|
Date |
05.06.2014 |
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. Arvind |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-23780503 |
|
Date : |
14.02.2015 |
LOCATIONS
|
Registered Office : |
S-21, Cotton Exchange Building, Cotton Green, Mumbai – 400033,
Maharashtra, India |
|
Tel. No.: |
91-22-23780503 |
|
Fax No.: |
91-22-23721007 |
|
E-Mail : |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Chetan Kantilal Mehta |
|
Designation : |
Director |
|
Address : |
B/3, Yoga Co-operative Society, 12th Gulmohar X Road, J.V.P.D.
Scheme, Plot No.19, Andheri (West), Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
17.04.1958 |
|
Date of Appointment : |
04.08.1999 |
|
DIN No.: |
00975014 |
|
|
|
|
Name : |
Mrs. Geeta Chetan Mehta |
|
Designation : |
Director |
|
Address : |
B/3, Yoga Co-operative Society, 12th Gulmohar X Road,
J.V.P.D. Scheme, Plot No.19, Andheri (West), Mumbai – 400049, Maharashtra,
India |
|
Date of Birth/Age : |
30.11.1957 |
|
Date of Appointment : |
04.08.1999 |
|
DIN No.: |
01106410 |
|
|
|
|
Name : |
Mr. Paras Chetan Mehta |
|
Designation : |
Director |
|
Address : |
B/3, Yoga Co-operative Society, 12th Gulmohar X Road,
J.V.P.D. Scheme, Plot No.19, Andheri (West), Mumbai – 400049, Maharashtra,
India |
|
Date of Birth/Age : |
19.02.1984 |
|
Date of Appointment : |
19.12.2007 |
|
DIN No.: |
01915674 |
KEY EXECUTIVES
|
Name : |
Mr. Arvind |
|
Designation : |
Accounts Manager |
|
|
|
|
Name : |
Mabenora Sood and Associates |
|
Designation : |
Company Secretaries |
|
Address: |
A-33, Dattani Center Above Sandeep Hotel, Opposites Railway Station,
Mahadev Desai Road, Kandivali (East), Mumbai – 400101, Maharashtra, India |
|
Email: |
|
|
PAN No.: |
AHHPS9252L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage |
|
|
|
|
|
Chetan Kantilal Mehta |
290900 |
72.73 |
|
Geeta Chetan Mehta |
109100 |
27.27 |
|
|
|
|
|
Total |
400000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Cotton ginning pressing and
trading activity. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· Oriental Bank of Commerce, Fort Branch, Jash Chambers, Sir P M Road, Fort, Mumbai – 400001, Maharashtra, India · Bank of Maharashtra · HDFC Bank Limited · State Bank of India · State Bank of Saurastra · The Jalgaon Peoples Co-operative Bank Limited |
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Facilities : |
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Auditors : |
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|
Name : |
J. C. Khokhani and Company Chartered Accountants |
|
Address : |
204, Jayram Apartment, Haridas Nagar, S. J. Mahtre Road, Borivali
(West), Mumbai – 400092, Maharashtra, India |
|
Tel No.: |
91-22-28089166/ 28065544 |
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Mobile No.: |
91-9820909963 |
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Email: |
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PAN No.: |
AABPK3655Q |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400,000 |
Equity Shares |
Rs.10/- each |
Rs. 4.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400,000 |
Equity Shares |
Rs.10/- each |
Rs. 4.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
4.000 |
4.000 |
4.000 |
|
(b) Reserves & Surplus |
21.399 |
18.672 |
12.592 |
|
(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) |
25.399 |
22.672 |
16.592 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
2.687 |
6.557 |
9.461 |
|
(b) Deferred tax liabilities (Net) |
0.163 |
0.183 |
1.926 |
|
(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) |
2.850 |
6.740 |
11.387 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
49.097 |
50.574 |
87.057 |
|
(b) Trade payables |
5.065 |
8.719 |
3.962 |
|
(c) Other current
liabilities |
3.565 |
10.524 |
11.583 |
|
(d) Short-term provisions |
8.736 |
7.473 |
5.223 |
|
Total Current Liabilities
(4) |
66.463 |
77.290 |
107.825 |
|
|
|
|
|
|
TOTAL |
94.712 |
106.702 |
135.804 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
20.358 |
23.517 |
26.997 |
|
(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 |
0.250 |
0.250 |
0.250 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
9.683 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
30.291 |
23.767 |
27.247 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
45.367 |
68.481 |
100.978 |
|
(c) Trade receivables |
13.917 |
3.009 |
0.323 |
|
(d) Cash and cash
equivalents |
1.799 |
1.813 |
1.367 |
|
(e) Short-term loans
and advances |
3.328 |
9.616 |
5.889 |
|
(f) Other current
assets |
0.010 |
0.016 |
0.000 |
|
Total Current Assets |
64.421 |
82.935 |
108.557 |
|
|
|
|
|
|
TOTAL |
94.712 |
106.702 |
135.804 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
745.675 |
752.126 |
382.745 |
|
|
|
Other Income |
20.794 |
9.722 |
7.709 |
|
|
|
TOTAL |
766.469 |
761.848 |
390.454 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
759.752 |
751.955 |
378.129 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
6.717 |
9.893 |
12.325 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.747 |
3.400 |
2.466 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
3.971 |
6.493 |
9.859 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.236 |
0.413 |
2.657 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.735 |
6.080 |
7.202 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
565.829 |
547.157 |
88.813 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.82 |
15.20 |
18.01 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.37 |
0.81 |
1.88 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.20 |
6.10 |
7.27 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
0.29 |
0.59 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.04 |
2.52 |
5.82 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.97 |
0.97 |
1.01 |
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 |
4.000 |
4.000 |
4.000 |
|
Reserves & Surplus |
12.592 |
18.672 |
21.399 |
|
Net worth |
16.592 |
22.672 |
25.399 |
|
|
|
|
|
|
long-term borrowings |
9.461 |
6.557 |
2.687 |
|
Short term borrowings |
87.057 |
50.574 |
49.097 |
|
Total borrowings |
96.518 |
57.131 |
51.784 |
|
Debt/Equity ratio |
5.817 |
2.520 |
2.039 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Revenue from Operations |
382.745 |
752.126 |
745.675 |
|
|
|
96.508 |
(0.858) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Revenue from Operations |
382.745 |
752.126 |
745.675 |
|
Profit |
7.202 |
6.080 |
2.735 |
|
|
1.88% |
0.81% |
0.37% |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
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 |
Yes |
UNSECURED LOANS
|
Particulars |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions) |
|
|
Short Term
Borrowings |
|
|
|
Loans repayable on demand - Loans from related Parties |
12.519 |
12.845 |
|
|
|
|
|
Total |
12.519 |
12.845 |
OPERATIONS
During the year, the turnover of the
Company is Rs.745.675 Millions as compared to previous year's turnover of
Rs.752.126 Millions However due to increase in cost of operations the profit
earned is marginality low as compared to the last year's profit.
The management of the company is
putting its best efforts to enhance the revenue generation capacity by reducing
labor charges.
INDEX
OF CHARGES:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10294085 |
02/06/2011 |
8,000,000.00 |
ORIENTAL BANK
OF COMMERCE |
FORT BRANCH,
SIR P.M ROAD,, JASH CHAMBERS, FORT, |
B15767601 |
|
2 |
10256682 |
02/11/2010 |
9,750,000.00 |
ORIENTAL BANK
OF COMMERCE |
FORT BRANCH,
JASH CHAMBERS, SIR P. M ROAD,, FORT, MUMBAI, MUMBAI, MAHARASHTRA -
400001, INDIA |
A99829178 |
|
3 |
10134731 |
24/11/2008 |
8,300,000.00 |
ORIENTAL BANK
OF COMMERCE |
FORT BRANCH,
JASH CHAMBERS, GROUND FLOOR,, SIR P. M ROAD, FORT, MUMBAI, MAHARASHTRA -
400001, INDIA |
A53323309 |
|
4 |
80001870 |
23/05/2014 * |
199,000,000.00 |
ORIENTAL BANK
OF COMMERCE |
OVERSEAS
BRANCH, NARIMAN POINT, DALAMAL TOWERS, 211, NARIMAN POINT, MUMBAI,
MAHARASHTRA - 400021, INDIA |
C05437512 |
|
5 |
90236364 |
29/10/2004 |
7,160,000.00 |
ORIENTAL BANK
OF COMMERCE |
JASH CHAMBERS,
PM ROAD, MUMBAI, MAHARASHTRA - 400001, INDIA |
- |
|
6 |
80001869 |
24/05/2014 * |
202,986,000.00 |
ORIENTAL BANK
OF COMMERCE |
OVERSEAS BRANCH,
NARIMAN POINT, DALAMAL TOWERS, FORT, MUMBAI, MAHARASHTRA - 400021, INDIA |
C05438783 |
|
7 |
90236363 |
28/10/2004 |
30,160,000.00 |
ORIENTAL BANK
OF COMMERCE |
JASH CHAMBERS,
PM ROAD, MUMBAI, MAHARASHTRA - 400001, INDIA |
- |
Note: * Date of charge modification
FIXED ASSETS:
· Land
· Building
· Plant and Machinery
· Fire Fighting Systems
· Electrical Equipments
· Office Equipments
· Tractor
· Computer
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.62.20 |
|
|
1 |
Rs.96.00 |
|
Euro |
1 |
Rs.71.00 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.