MIRA INFORM REPORT
|
Report No. : |
304859 |
|
Report Date : |
27.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
AUTO HANGAR (INDIA) PRIVATE LIMITED |
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|
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Registered
Office : |
35, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
18.08.1994 |
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Com. Reg. No.: |
11-080424 |
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Capital
Investment / Paid-up Capital : |
Rs.112.500 Millions |
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CIN No.: [Company Identification
No.] |
U51220MH1994PTC080424 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA09045B |
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PAN No.: [Permanent Account No.] |
AAACA9484D |
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Legal Form : |
Private limited liability company |
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Line of Business
: |
The Company is engaged in the business of selling of cars, spares and accessories and repairing/servicing of cars. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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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. As per ROC the date of balance sheet (i.e. financial filed) is shown
as 31.03.2014 but the documents related to the financial for the year 2014
are not available from any sources. As per available financial of 2013, profit margin of the company is
low, borrowings recorded by the company are also huge. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be slow but correct. 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.
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. Chandra Prakash |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-66123110 |
|
Date : |
23.01.2015 |
LOCATIONS
|
Registered Office : |
35, Saki Vihar Road, Off Chandivali Road, Andheri (East), Mumbai – 400072, Maharashtra, India |
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Tel. No.: |
91-22-66123100 / 6612 3811 / 6612 3820 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Branch Office : |
Rajan House, Ground Floor, Appa Saheb Marathe Marg, Ind. Prabhadevi, Mumbai – 400025, Maharashtra, India |
|
Tel. No.: |
91-22-66123800 |
|
Fax No.: |
91-22-66123899 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Mohan Jayasinh Mariwala |
|
Designation : |
Managing Director |
|
Address : |
Sudha Kunj, 3, Tardeo Road, Mumbai – 400034, Maharashtra ,India |
|
Date of Birth/Age : |
08.08.1967 |
|
Date of Appointment : |
18.08.1994 |
|
DIN No.: |
00854497 |
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|
|
|
Name : |
Mr. Jayasinh Vallabhdas Mariwala |
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Designation : |
Director |
|
Address : |
Sudha Kunj, 3, Tardeo Road, Mumbai – 400034, Maharashtra ,India |
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Date of Birth/Age : |
09.07.1933 |
|
Date of Appointment : |
18.08.1994 |
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DIN No.: |
00182835 |
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|
|
|
Name : |
Mr. Ajay Jayasinh Mariwala |
|
Designation : |
Director |
|
Address : |
Zaver, Cochin Yacht club Enclave, 26/UA 592A, Konthuruthy, Thevara, Kochi – 682013, Kerala, Maharashtra, India |
|
Date of Birth/Age : |
24.10.1967 |
|
Date of Appointment : |
30.11.1999 |
|
DIN No.: |
00193786 |
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|
|
|
Name : |
Mr. Sanjay Jayasinh Mariwala |
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Designation : |
Director |
|
Address : |
XXIV/2802, Vidyavihar Road, Thevara, Kochi – 682013, Kerala, India |
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Date of Birth/Age : |
02.01.1960 |
|
Date of Appointment : |
30.11.1999 |
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DIN No.: |
01111537 |
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|
|
|
Name : |
Mr. Sudhir Keshavji Sampat |
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Designation : |
Director |
|
Address : |
P O Box 9, Muscat 113, Muscat, Sultanate of Oman |
|
Date of Birth/Age : |
24.08.1945 |
|
Date of Appointment : |
28.09.2002 |
|
DIN No.: |
01150726 |
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|
|
|
Name : |
Mr. Umesh Ajitsinh Khimji |
|
Designation : |
Nominee director |
|
Address : |
Office No. 3, 6th floor, Rahimtoola House, 7, Homji Street, Fort, Mumbai – 400 001, Maharashtra, India |
|
Date of Birth/Age : |
09.09.1963 |
|
Date of Appointment : |
28.09.2002 |
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DIN No.: |
00334377 |
KEY EXECUTIVE
|
Name : |
Mr. Chandra Prakash |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Mohan J. Mariwala |
|
100 |
|
Anila J. Mariwala |
|
100 |
|
Madhvi M Mariwala |
|
100 |
|
Jaysinh V. Mariwala |
|
100 |
|
Sanjay J. Mariwala |
|
100 |
|
Nandana S. Mariwala |
|
100 |
|
Ajay J. Mariwala |
|
100 |
|
Anuja A. Mariwala |
|
100 |
|
Mohan Jayasinh Mariwala |
|
8249100 |
|
Sudhir Keshavji |
|
1500000 |
|
Halcyon Trading Private Limited, Mumbai |
|
1500000 |
|
MJM Trust, Mumbai |
|
100 |
|
Total |
|
11250000 |
AS ON 30.09.2013
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Bodies corporate |
|
13.33 |
|
Directors or relatives of directors |
|
86.67 |
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Total |
|
100.00 |
%20PRIVATE%20LIMITED%20-%20304859_MIRA%2027-Jan-2015_files/image002.gif)
BUSINESS DETAILS
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Line of Business : |
The Company is engaged in the business of selling of cars, spares and accessories and repairing/servicing of cars. |
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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
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Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
Kotak Mahindra Bank Limited 36-38A, Nariman Bhavan, 227,D,, Nariman Point,, Mumbai - 400021, Maharashtra, India Volkswagen Finance Private Limited 3rd Floor, Wing - A, Silver Utopia, Cardinal Gracious Road, Chakala, Andheri, Mumbai - 400099, Maharashtra, INDIA |
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Facilities : |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
B K Khare and Company Chartered Accountants |
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Address : |
706/708, Sharda Chambers, New Marine Lines |
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PAN No.: |
AAAFB0265E |
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Subsidiary : |
Redline Automotive Private Limited [U50300MH2004PTC147671] |
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Firm in which the
Company is able to exercise significant influence ; |
Metro Motors Autohangar Division |
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Entities over which
Key Management Personnel, Directors and their relatives are able to exercise
significant influence : |
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Memberships : |
-- |
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Collaborators : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11,25,000 |
Equity Shares |
Rs.10/- each |
Rs. 112.500 Millions |
|
100,000 |
Preference Shares |
Rs. 100/ each |
Rs. 10.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 122.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11,250,000 |
Equity Shares |
Rs.10/- each |
Rs.112.500 Millions |
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|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
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I.
EQUITY AND LIABILITIES |
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|
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(1)Shareholders' Funds |
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|
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(a) Share Capital |
112.500 |
112.500 |
112.500 |
|
(b) Reserves &
Surplus |
212.872 |
177.109 |
252.922 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’ Funds
(1) + (2) |
325.372 |
289.609 |
365.422 |
|
|
|
|
|
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(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
467.556 |
351.998 |
214.453 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
10.321 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
2.460 |
2.619 |
0.000 |
|
Total Non-current
Liabilities (3) |
470.016 |
354.617 |
224.774 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
805.497 |
946.475 |
677.584 |
|
(b) Trade payables |
314.665 |
272.362 |
206.201 |
|
(c) Other current
liabilities |
757.897 |
538.690 |
306.232 |
|
(d) Short-term provisions |
0.476 |
0.342 |
9.957 |
|
Total Current Liabilities
(4) |
1878.535 |
1757.869 |
1199.974 |
|
|
|
|
|
|
TOTAL |
2673.923 |
2402.095 |
1790.170 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
970.534 |
381.534 |
368.435 |
|
(ii) Intangible Assets |
2.661 |
3.239 |
0.000 |
|
(iii) Capital
work-in-progress |
13.326 |
524.353 |
343.986 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
9.209 |
9.209 |
9.209 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
68.943 |
100.969 |
88.783 |
|
(e) Other Non-current
assets |
12.283 |
3.829 |
4.022 |
|
Total Non-Current Assets |
1076.956 |
1023.133 |
814.435 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
924.145 |
924.418 |
694.229 |
|
(c) Trade receivables |
288.767 |
254.694 |
176.603 |
|
(d) Cash and cash
equivalents |
217.917 |
111.435 |
59.783 |
|
(e) Short-term loans and
advances |
165.270 |
88.003 |
42.779 |
|
(f) Other current assets |
0.868 |
0.412 |
2.341 |
|
Total Current Assets |
1596.967 |
1378.962 |
975.735 |
|
|
|
|
|
|
TOTAL |
2673.923 |
2402.095 |
1790.170 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
5331.033 |
5183.970 |
5524.245 |
|
|
Other Income |
16.711 |
14.651 |
11.367 |
|
|
TOTAL |
5347.745 |
5198.621 |
5535.612 |
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
TOTAL |
5103.862 |
5116.222 |
5355.365 |
|
|
|
|
|
|
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|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
243.883 |
82.399 |
180.247 |
|
|
|
|
|
|
|
|
FINANCIAL EXPENSES |
168.123 |
140.045 |
93.537 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
75.760 |
(57.646) |
86.710 |
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
40.152 |
28.346 |
21.104 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
35.607 |
(85.992) |
65.606 |
|
|
|
|
|
|
|
TAX |
(0.155) |
(10.179) |
20.183 |
|
|
|
|
|
|
|
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|
PROFIT/ (LOSS) AFTER TAX
|
35.762 |
(75.813) |
45.423 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
3.18 |
(6.74) |
-- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.67 |
(1.46) |
0.82 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
4.57 |
1.59 |
3.26 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.34 |
(4.60) |
4.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
(0.30) |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.91 |
4.48 |
2.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.85 |
0.78 |
0.81 |
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 |
112.500 |
112.500 |
112.500 |
|
Reserves & Surplus |
252.922 |
177.109 |
212.872 |
|
Net worth |
365.422 |
289.609 |
325.372 |
|
|
|
|
|
|
long-term borrowings |
214.453 |
351.998 |
467.556 |
|
Short term borrowings |
677.584 |
946.475 |
805.497 |
|
Total borrowings |
892.037 |
1298.473 |
1273.053 |
|
Debt/Equity ratio |
2.441 |
4.484 |
3.913 |
%20PRIVATE%20LIMITED%20-%20304859_MIRA%2027-Jan-2015_files/image004.gif)
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 |
5524.245 |
5183.970 |
5331.033 |
|
|
|
(6.160) |
2.837 |
%20PRIVATE%20LIMITED%20-%20304859_MIRA%2027-Jan-2015_files/image006.gif)
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 |
5524.245 |
5183.970 |
5331.033 |
|
Profit/Loss |
45.423 |
(75.813) |
35.762 |
|
|
0.82% |
(1.46%) |
0.67% |
%20PRIVATE%20LIMITED%20-%20304859_MIRA%2027-Jan-2015_files/image008.gif)
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
||
|
Current maturities of long-term debt |
258.359 |
110.120 |
129.938
|
|
|
|
|
|
|
Total |
258.359 |
110.120 |
129.938
|
|
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 |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOAN
|
Particulars |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Short-term
borrowings |
|
|
|
Loans and advances from related parties |
29.000 |
24.000 |
|
|
|
|
|
Total |
29.000 |
24.000 |
Note – The Registered office
address of the company has been shifted from 5 5-87 Andheri Kurla Road, Marol Naka, Andheri
(East), Mumbai – 400059, Maharashtra, India to the present address w.e.f.
02.05.2006.
REVIEW OF OPERATIONS
The company was able to revive back from the operating losses of last year to profit for the year. Although turnover has not shown any major growth, revival of car sales margins with lesser discounts has helped company to overcome the losses. Also newer model introductions by manufacturers helped company to regain momentum in sales margins.
FUTURE OUTLOOK
Although the company has not posted significant growth in year under consideration, the company has positive outlook both Honda as well as Mercedes Benz Operations. Both Honda and Mercedes Benz will keep on introducing newer models together with facelifts for existing models. The same will help company to post growth in car sales with retaining margins. The company is also in process of setting up New Service Facility for Honda in Goregaon which will help company to regain the lost customer base for Honda After Sales.
The company continues to give a very high priority for retaining and rewarding the best performers. This policy has yielded good results.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10524103 |
06/08/2014 |
300,000,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
27BKC, C 27, G BLOCK, BANDRA KURLA COMPLEX, BANDR |
C25962457 |
|
2 |
10503454 |
30/04/2014 |
147,500,000.00 |
DEUTSCHE BANK AG |
P.O. BOX NO. 9080, GOREGAON (EAST), MUMBAI, MAHAR |
C04993309 |
|
3 |
10446072 |
10/08/2013 |
39,012,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, |
B83577247 |
|
4 |
10447875 |
28/11/2013 * |
130,000,000.00 |
VOLKSWAGEN FINANCE PRIVATE LIMITED |
3RD FLOOR, WING - A, SILVER UTOPIA, CARDINAL GRAC |
B93073799 |
|
5 |
10411906 |
17/02/2014 * |
335,000,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
36-38A NARIMAN BHAVAN,, 227, NARIMAN POINT,, MUMB |
C03829884 |
|
6 |
10372486 |
16/07/2012 |
25,000,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
36-38A NARIMAN BHAVAN,, 227, NARIMAN POINT,, MUMB |
B56362924 |
|
7 |
10372487 |
16/07/2012 |
25,000,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
36-38A NARIMAN BHAVAN,, 227, NARIMAN POINT,, MUMB |
B56363468 |
|
8 |
10362508 |
17/09/2012 * |
29,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, M |
B60674108 |
|
9 |
10314537 |
25/10/2011 |
290,500,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
36-38A NARIMAN BHAVAN,, 227, NARIMAN POINT,, MUMB |
B24069544 |
|
10 |
10314540 |
25/10/2011 |
290,500,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
36-38A NARIMAN BHAVAN,, 227, NARIMAN POINT,, MUMB |
B24070294 |
* Date of charge modification
FIXED ASSETS
- Land
- Building
- Leasehold
improvements
- Plant and
machinery
- Furniture and
fixture
- Office
equipment
- Computers
- Vehicles
- Toolings
- Technical
mannuals
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.61.50 |
|
|
1 |
Rs.92.16 |
|
Euro |
1 |
Rs.69.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
PAT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
|
--PROFITABILIRY |
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.