MIRA INFORM REPORT
|
Report No. : |
301400 |
|
Report Date : |
09.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
K.P.R. FERTILISERS LIMITED (w. e. f. 19.12.2008) |
|
|
|
|
Formerly Known
As : |
K.P.R. FERTILISERS PRIVATE LIMITED |
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|
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Registered Office
: |
Door No. 8-256, Tata Nagar,
Balabhadrapuram-533343, Andhra Pradesh |
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Country : |
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Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
02.01.2007 |
|
|
|
|
Com. Reg. No.: |
01-052216 |
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|
|
|
Capital Investment/
Paid-up Capital: |
Rs. 142.440
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24129AP2007PLC052216 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
VPNK00709C |
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|
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PAN No.: [Permanent Account No.] |
AADCK0257B |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in Manufacturing of Pesticides, Fertilizers and
Chemicals. |
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|
|
|
No. of
Employees: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 3100000 |
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|
|
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 moderate track. Management has failed to file latest financials for FY14, with the
statutory authorities. As per available, the company has reported a deterioration in it’s
financial performance as reflected by decline in operating revenues and net
profitability during FY13. Moreover, there seems to be significant rise in the working capital
cycle and high overall gearing. However, trade relations seems to be fair. Business is active. Payment
terms are reported as slow but correct. In view of experience promoters, the company can be considered for
business dealings with some caution. |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
CARE |
|
Rating |
Long Term Rating = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
02.08.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Ratings = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
02.08.2013 |
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
MANAGEMENT NON-COOPERATIVE (TEL NO.: 91-40-24024244)
LOCATIONS
|
Registered Office : |
Door No. 8-256, Tata Nagar,
Balabhadrapuram-533343, Andhra Pradesh |
|
Tel. No.: |
91-40-23357477 |
|
Fax No.: |
91-40-23359936 |
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E-Mail : |
|
|
Website : |
|
|
|
|
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Factory 1 : |
S. No. 24/2, |
|
Tel. No.: |
91-8857-237344 |
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Mobile No. : |
91- 9866762222 |
|
Fax No.: |
91-8857-237332/2371887 |
|
E-Mail : |
|
|
|
|
|
Factory 3 : |
Hallavrthy Village, Koppal District, Karnataka, India |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Venkata Mukund Reddy Karri |
|
Designation : |
Managing Director |
|
Address : |
Door No. 2-1-1, Komaripalem East Godavari-533346, |
|
Date of Birth/Age : |
21.05.1961 |
|
Date of Appointment : |
02.01.2007 |
|
PAN No. : |
AHUPK8438P |
|
DIN No.: |
01574312 |
|
|
|
|
Name : |
Mr. Rajasekhar Reddy Kovvuri |
|
Designation : |
Whole Time Director |
|
Address : |
2-1/3, Bhagyangar, Komaripalem East Godavari-533346, |
|
Date of Birth/Age : |
28.03.1977 |
|
Date of Appointment : |
02.01.2007 |
|
PAN No. : |
AERPK2589M |
|
DIN No.: |
01808276 |
|
|
|
|
Name : |
Mr. Papa Reddy Kovvuri |
|
Designation : |
Whole Time Director |
|
Address : |
|
|
Date of Birth/Age : |
29.10.1936 |
|
Date of Appointment : |
02.01.2007 |
|
PAN No. : |
AERPK2593R |
|
DIN No.: |
01375140 |
KEY EXECUTIVES
|
Name : |
Mr. Narayana Rao |
|
Designation : |
Secretary |
|
Address : |
House No. 46-16-29l, |
|
Date of Birth/Age : |
05.10.1938 |
|
Date of Appointment : |
30.09.2010 |
|
PAN No.: |
AEEPP6218B |
MAJOR SHAREHOLDERS
As on 30.09.2013
SHAREHOLDING DETAILS FILE ATTATCH
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
18.96 |
|
Directors or relatives of Directors |
81.04 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Manufacturing of Pesticides, Fertilizers and
Chemicals. |
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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 : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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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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Facilities : |
SECURED
LOAN (Rs.
In Millions)
|
|
Banking
Relations : |
--- |
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|
|
|
Auditors : |
|
|
Name : |
Kumar and Giri Chartered Accountants |
|
Address : |
1-11-126/D, Opposite Aero View Towers, Begumpet, Hyderabad-500016,
Telangana, India |
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|
|
|
Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiaries : |
Fortune Impex FZE |
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|
|
|
Associates: |
K.P.R. Infraprojects Private Limited (CIN No. :
U74900AP2009PTC063035) Aravind Seeds Private limited (CIN No. :
U01122AP2009PTC062868) Sri Sai Swarupa Seeds Private Limited (CIN No. : U01119AP2009PTC062869) K.P.R. Chemicals Limited (CIN No. :
U24110TG2009PLC064175) K.P.R.Industries (India) Limited (CIN No. :
U24233AP2011PLC076877) Cresco Technology Private Limited (CIN No.. :
U72200AP1999PTC075530) K.P.R Universal Holdings Private Limited (CIN No. :
U74900AP2012PTC078596) |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
90000000 |
Equity Shares |
Rs. 10/- each |
Rs. 900.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
85464000 |
Equity Shares |
Rs. 10/-
each |
Rs. 854.640
Millions |
|
|
|
|
|
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs. 10/- each |
Rs. 200.000 Millions |
|
|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14244000 |
Equity Shares |
Rs. 10/-
each |
Rs. 142.440
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 |
142.440 |
142.440 |
142.440 |
|
(b) Reserves & Surplus |
965.505 |
853.871 |
473.488 |
|
(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) |
1107.945 |
996.311 |
615.928 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1594.352 |
1059.452 |
997.710 |
|
(b) Deferred tax liabilities (Net) |
253.484 |
216.961 |
140.309 |
|
(c) Other long term
liabilities |
0.000 |
395.307 |
99.282 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
1847.836 |
1671.720 |
1237.301 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1955.343 |
1871.461 |
568.206 |
|
(b) Trade
payables |
2086.815 |
3039.925 |
887.025 |
|
(c) Other
current liabilities |
268.959 |
225.764 |
218.780 |
|
(d) Short-term
provisions |
85.503 |
170.988 |
88.661 |
|
Total Current
Liabilities (4) |
4396.620 |
5308.138 |
1762.672 |
|
|
|
|
|
|
TOTAL |
7352.401 |
7976.169 |
3615.901 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2333.646 |
2174.251 |
1348.912 |
|
(ii) Intangible
Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
2.003 |
106.708 |
429.287 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
117.043 |
117.043 |
114.550 |
|
(c) Deferred tax assets (net) |
64.280 |
80.736 |
64.864 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
2516.972 |
2478.738 |
1957.613 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2422.973 |
2303.293 |
707.908 |
|
(c) Trade
receivables |
2001.280 |
2449.689 |
360.792 |
|
(d) Cash
and cash equivalents |
374.574 |
638.403 |
170.217 |
|
(e)
Short-term loans and advances |
36.602 |
79.419 |
418.142 |
|
(f) Other
current assets |
0.000 |
26.627 |
1.229 |
|
Total
Current Assets |
4835.429 |
5497.431 |
1658.288 |
|
|
|
|
|
|
TOTAL |
7352.401 |
7976.169 |
3615.901 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5822.925 |
6720.036 |
2765.378 |
|
|
|
Other Income |
30.761 |
95.726 |
22.102 |
|
|
|
TOTAL (A) |
5853.686 |
6815.762 |
2787.480 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
2237.760 |
2003.163 |
1271.036 |
|
|
|
Purchases of Stock-in-Trade |
1832.653 |
4260.050 |
687.868 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
222.394 |
(1049.749) |
(118.110) |
|
|
|
Employees benefits expense |
82.911 |
66.282 |
47.544 |
|
|
|
Other expenses |
646.274 |
541.335 |
315.026 |
|
|
|
Exceptional Items |
0.385 |
8.740 |
0.000 |
|
|
|
TOTAL (B) |
5022.377 |
5829.821 |
2203.364 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
831.309 |
985.941 |
584.116 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
485.825 |
290.598 |
195.890 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
345.484 |
695.343 |
388.226 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
120.440 |
72.256 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
225.044 |
623.087 |
388.226 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
81.550 |
201.317 |
101.294 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
143.494 |
421.770 |
286.932 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.07 |
29.61 |
20.14 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
2.46 |
6.28 |
10.38 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
14.28 |
14.67 |
21.12 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.14 |
8.12 |
12.91 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.63 |
0.63 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.20 |
2.94 |
2.54 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.10 |
1.04 |
0.94 |
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 |
142.440 |
142.440 |
142.440 |
|
Reserves & Surplus |
473.488 |
853.871 |
965.505 |
|
Net
worth |
615.928 |
996.311 |
1107.945 |
|
|
|
|
|
|
long-term borrowings |
997.710 |
1059.452 |
1594.352 |
|
Short term borrowings |
568.206 |
1871.461 |
1955.343 |
|
Total
borrowings |
1565.916 |
2930.913 |
3549.695 |
|
Debt/Equity
ratio |
2.542 |
2.942 |
3.204 |
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) |
|
Sales |
2765.378 |
6720.036 |
5822.925 |
|
|
|
143.006 |
(13.350) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
2765.378 |
6720.036 |
5822.925 |
|
Profit |
286.932 |
421.770 |
143.494 |
|
|
10.38% |
6.28% |
2.46% |
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 |
Yes |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
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 |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
LONG TERM
BORROWINGS |
|
|
|
Other loans and advances, others |
155.461 |
0.000 |
|
Total |
155.461 |
0.000 |
Note:
The registered office of the company has been shifted from 8-2-41,
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10535465 |
03/11/2014 |
4,583,000.00 |
AXIS BANK LIMITED |
"TRISHUL', 3RD
FLOOR, OPP TO SAMARTHESHWAR TEMPLE, |
C36278943 |
|
2 |
10534733 |
23/06/2014 |
4,600,000.00 |
AXIS BANK LIMITED |
"TRISHUL', 3RD
FLOOR, OPP TO SAMARTHESHWAR TEMPLE, |
C35872738 |
|
3 |
10438476 |
01/07/2013 |
2,298,864.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B80280449 |
|
4 |
10443452 |
28/06/2013 |
2,146,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL W |
B82306069 |
|
5 |
10372632 |
03/07/2012 |
2,240,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B56408792 |
|
6 |
10272137 |
02/02/2011 |
13,000,000.00 |
STATE BANK OF HYDERABAD |
GOLLALA MAMIDADA
BRANCH, GOLLALA MAMIDADA, ANDHRA |
B08269011 |
|
7 |
10191481 |
18/06/2010 * |
36,700,000.00 |
STATE BANK OF INDIA COMMERCIAL BRANCH |
D.NO.13-1-24,MAINROAD,
KAKINADA, KAKINADA, ANDHRA |
A91538686 |
* Date of charge modification
FIXED ASSETS:
- Land
- Factory
Building
- Plant and
Machinery
- Electrical
Installation
- Computer
- Furniture
and Fixture
- Motor
Vehicles
PRESS RELEASE
WEBSITE DETAILS
12 VILLAGES OPPOSE
KPR FERTILISERS CAPTIVE POWER PLANT
KAKINADA, JAN. 4:
The proposed 100-MW captive power plant of KPR Fertilisers at Bikkavolu in East Godavari district is being opposed by people of 12 villages in the vicinity, apprehending pollution and damage to crops.
The residents of the villages staged a demonstration here on Monday in front of the District Collector’s office, urging the authorities not to permit the establishment of the thermal plant. They said the flyash generated by the plant would devastate crops in the area and make their lives miserable. They said they were not interested in the jobs promised by the company and they did not want the plant.
A public hearing is being held by the AP Pollution Control Board on Wednesday on the issue. Meanwhile, K. Rajasekhara Reddy, Executive Director of KPR Fertilisers, sought to allay the apprehensions of the public. He said KPR Fertilisers had been set up at Bikkavolu village near Samalkot in the district at a cost of Rs. 800 crore, with a capacity of 1,200 tonnes per day. It had generated direct employment to 1,600 persons. It had also set up a caustic soda plant at Balavaram in Rangampeta mandal in the district.
He said the State was passing through a severe power crisis and no natural gas was available for setting up a gas-based power plant. Therefore, the company had to opt for a thermal plant but it would import 1600 tonnes of high-quality coal from Indonesia to run the plant and the generation of flyash would be minimal.
Even that would be supplied to the cement plants and there would be no damage to the crops in the vicinity. He urged the public to attend the public hearing and calmly consider all the facts which would be explained to them.
He said KPR Industries would be responsible and it would cause no damage to the environment or people in the vicinity. Besides, it would contribute to the growth of the area, he added.
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. 62.96 |
|
|
1 |
Rs. 94.97 |
|
Euro |
1 |
Rs. 74.42 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
ASH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.