MIRA INFORM REPORT
|
Report No. : |
330078 |
|
Report Date : |
02.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
INDIGO PAINTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Villa No.6, Paradise Baner Road, Baner, Pune-411045, Maharashtra |
|
Tel. No.: |
91-20-27299155 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
28.03.2000 |
|
|
|
|
Com. Reg. No.: |
11-014669 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 4.398 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24114PN2000PTC014669 |
|
|
|
|
IEC No.: |
3109008432 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEI00748G |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
AAACI8094D |
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Importer of Decorative Paints. |
|
|
|
|
No. of Employees
: |
35 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company incorporated during the year 2000
having a satisfactory track record. Profit margin of the company is low however, net worth of the company is
satisfactory. General financial position of the company is normal and
acceptable for business dealings. Trade relations are reported as fair. Business is active. Payments
terms are reported to be slow but correct. The company can be considered normal for business dealings at usual
trade terms and conditions. |
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
|
Rating Agency Name |
CARE |
|
Rating |
Long Term bank facilities: BBB- |
|
Rating Explanation |
Moderate degree of safety and carry moderate credit risk. |
|
Date |
13.05.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term bank facilities: A3 |
|
Rating Explanation |
Moderate degree of safety and carry higher credit risk. |
|
Date |
13.05.2015 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Chetan Humane |
|
Designation : |
General Manager Finance |
|
Contact No.: |
91-20-66814300 |
|
Date : |
02.07.2015 |
LOCATIONS
|
Registered Office : |
Villa No.6, Paradise Baner Road, Baner, Pune-411045, Maharashtra,
India |
|
Tel. No.: |
91-20-30401151 |
|
Fax No.: |
91-20-30401154 |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
|
Locality: |
Residential |
|
|
|
|
Head Office : |
103, Montreal Tower-I, Pallord Farm, Farm, Baner Road, Pune-411045,
Maharashtra, India |
|
Tel. No.: |
91-20-27291612 / 27291614 |
|
|
|
|
Factory : |
F-910, Boranada Industrial Area, Phase IV, Jodhpur-342012, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Hemant Kamala Prasad Jalan |
|
Designation : |
Director |
|
Address : |
Villa No.6, Paradise Baner Road, Baner, Pune-411045, Maharashtra,
India |
|
Date of Birth/Age : |
23.08.1957 |
|
Date of Appointment : |
28.03.2000 |
|
DIN No.: |
00080942 |
|
|
|
|
Name : |
Ms. Anita Hemant Jalan |
|
Designation : |
Director |
|
Address : |
Villa No.6, Paradise Baner Road, Baner, Pune-411045, Maharashtra,
India |
|
Date of Birth/Age : |
31.10.1931 |
|
Date of Appointment : |
28.03.2000 |
|
DIN No.: |
00085411 |
|
|
|
|
Name : |
Mr. Kamala Prasad Tejpal Jalan |
|
Designation : |
Director |
|
Address : |
Villa No.6, Paradise Baner Road, Baner, Pune-411045, Maharashtra,
India |
|
Date of Birth/Age : |
03.09.1960 |
|
Date of Appointment : |
28.03.2000 |
|
DIN No.: |
00085453 |
|
|
|
|
Name : |
Mr. Abhay Kumar Pandey |
|
Designation : |
Nominee director |
|
Address : |
B-1601, Lodha Bellissimo, N.M. Joshi Marg, Mahalakshmi,
Mumbai - 400011, Maharashtra, India |
|
Date of Birth/Age : |
01.12.1971 |
|
Date of Appointment : |
19.08.2014 |
|
DIN No.: |
01650845 |
|
|
|
|
Name : |
Mr. Bharadwaj Thiruvenkata Venkatavaraghavan |
|
Designation : |
Nominee director |
|
Address : |
702, 7th Orchid Tower-A, 241/242, Bellasis Road, Mumbai Central
- 400008, Maharashtra, India |
|
Date of Birth/Age : |
26.06.1978 |
|
Date of Appointment : |
19.08.2014 |
|
DIN No.: |
02918495 |
|
|
|
|
Name : |
Mr. Praveenkumar Ramniranjan Tripathi |
|
Designation : |
Additional director |
|
Address : |
Row House No 5, Ashirwad Gokul Concorde Cooperative
Housing Society, Surya Village, W.E. Highway Kandivali (East), Mumbai,
400101, Maharashtra, India |
|
Date of Appointment : |
13.11.2014 |
|
DIN No.: |
03154381 |
|
|
|
|
Name : |
Mr. Sunil Badriprasad Goyal |
|
Designation : |
Additional director |
|
Address : |
731/A, 7th Floor, Akshay Girikunj-III, Paliram Road,
Andheri (West), Mumbai, 400058, Maharashtra, India |
|
Date of Appointment : |
13.11.2014 |
|
DIN No.: |
00503570 |
KEY EXECUTIVES
|
Name : |
Mr. Chetan Humane |
|
Designation : |
General Manager Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Hemant Kamala Prasad Jalan |
99300 |
|
Kamala Prasad Tejpal Jalan |
27100 |
|
Anita Hemant Jalan |
84422 |
|
Halogen Chemicals Private Limited, India |
76278 |
|
Parag Hemant Jalan |
25000 |
|
Tarabai Kamalaprasad Jalan |
127700 |
|
TOTAL
|
439800 |
|
Names of Shareholders (Class A1 Equity Shares) |
No. of Shares |
|
Sequoia Capital India Investment IV, Mauritius |
50 |
|
TOTAL
|
50 |
|
Names of Shareholders (Series A1 Fully and Compulsorily Convertible Cumulative
Preference Shares A1 Fully and Compulsorily Convertible Cumulative Preference
Shares ) |
No. of Shares |
|
Sequoia Capital India Investment IV, Mauritius |
69904 |
|
TOTAL
|
69904 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
17.34 |
|
Directors or relatives of Directors |
82.66 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Importer of Decorative Paints. |
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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 : |
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Products : |
Raw Material |
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Countries : |
Germany |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS: (AS ON 31.03.2014)
|
Particulars |
Unit |
31.03.2011 |
|
Installed Capacity |
MT |
55845.000 |
|
Actual Production |
MT |
18442.751 |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
35 (Approximately) |
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Bankers : |
Canara Bank, Koregaon Park Branch, Koregaon, Pune-411001, Maharashtra, India
|
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Facilities : |
(Rs.
In Million)
|
|
Banking Relations
: |
|
|
|
|
|
Auditors : |
|
|
Name : |
C R Sagdeo and Company Chartered Accountant |
|
Address : |
GC-1, Shiv Vilas, 103, Bahirat Wadi, Off Senapati Bapat Road,
Pune-411016, Maharashtra, India |
|
Tel. No.: |
91-20-25638679 |
|
Fax No.: |
91-20-25638437 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFC9503D |
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|
|
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Memberships : |
-- |
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|
|
|
Collaborators : |
-- |
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Other Related Party : |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500100 |
Equity Shares |
Rs.10/- each |
Rs. 5.001 Million |
|
120000 |
Preference Shares |
Rs.100/- each |
Rs. 12.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 17.001
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
439850 |
Equity Shares |
Rs.10/- each |
Rs. 4.399 Million |
|
69904 |
Preference Shares |
Rs.100/- each |
Rs. 6.990 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 11.389
Million |
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
450000 |
Equity Shares |
Rs.10/- each |
Rs. 4.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
439800 |
Equity Shares |
Rs.10/- each |
Rs. 4.398
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
4.398 |
4.398 |
4.398 |
|
(b) Reserves & Surplus |
40.343 |
37.260 |
31.949 |
|
(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) |
44.741 |
41.658 |
36.347 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
62.646 |
35.729 |
24.092 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.324 |
0.386 |
|
(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) |
62.646 |
36.053 |
24.478 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
84.319 |
73.745 |
52.506 |
|
(b) Trade payables |
133.030 |
94.100 |
68.374 |
|
(c) Other current liabilities |
16.533 |
10.991 |
9.223 |
|
(d) Short-term provisions |
12.162 |
7.183 |
7.108 |
|
Total
Current Liabilities (4) |
246.044 |
186.019 |
137.211 |
|
|
|
|
|
|
TOTAL |
353.431 |
263.730 |
198.036 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
98.704 |
52.443 |
36.987 |
|
(ii) Intangible Assets |
0.333 |
0.551 |
0.911 |
|
(iii) Capital work-in-progress |
0.650 |
4.896 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.045 |
0.000 |
0.000 |
|
(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 |
99.732 |
57.890 |
37.898 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
89.953 |
68.329 |
45.613 |
|
(c) Trade receivables |
152.856 |
122.360 |
104.052 |
|
(d) Cash and cash equivalents |
7.738 |
3.763 |
0.327 |
|
(e) Short-term loans and
advances |
0.812 |
9.810 |
8.946 |
|
(f) Other current assets |
2.340 |
1.578 |
1.200 |
|
Total
Current Assets |
253.699 |
205.840 |
160.138 |
|
|
|
|
|
|
TOTAL |
353.431 |
263.730 |
198.036 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
773.163 |
544.345 |
434.803 |
|
|
Other Income |
0.726 |
0.596 |
0.449 |
|
|
TOTAL
(A) |
773.889 |
544.941 |
435.252 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
384.341 |
269.270 |
200.956 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(17.310) |
(21.254) |
(10.748) |
|
|
Employees benefits expense |
53.860 |
41.130 |
32.088 |
|
|
Other expenses |
321.807 |
229.117 |
165.168 |
|
|
TOTAL
(B) |
742.698 |
518.263 |
387.464 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
31.191 |
26.678 |
47.788 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
16.627 |
12.612 |
11.516 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
14.564 |
14.066 |
36.272 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
8.562 |
5.425 |
26.599 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
6.002 |
8.641 |
9.673 |
|
|
|
|
|
|
|
Less |
TAX (H) |
2.404 |
2.816 |
3.192 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
3.598 |
5.825 |
6.481 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
33.241 |
28.513 |
23.191 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
0.359 |
0.582 |
0.648 |
|
|
Proposed Dividend and Tax
thereon |
0.515 |
0.515 |
0.511 |
|
|
Balance
Carried to the B/S |
35.965 |
33.241 |
28.513 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
8.18 |
13.25 |
NA |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1070.000 |
The above information has been parted by Mr. Chetan Humane
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net Cash generated from operating activities |
43.852 |
29.322 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.47 |
1.07 |
1.49 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
4.03 |
4.90 |
10.99 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.70 |
3.34 |
4.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.21 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.28 |
2.63 |
2.11 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.03 |
1.11 |
1.17 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
4.398 |
4.398 |
4.398 |
|
Reserves & Surplus |
31.949 |
37.260 |
40.343 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
36.347 |
41.658 |
44.741 |
|
|
|
|
|
|
long-term borrowings |
24.092 |
35.729 |
62.646 |
|
Short term borrowings |
52.506 |
73.745 |
84.319 |
|
Total
borrowings |
76.598 |
109.474 |
146.965 |
|
Debt/Equity
ratio |
2.107 |
2.628 |
3.285 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
434.803 |
544.345 |
773.163 |
|
|
|
25.193 |
42.035 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
434.803 |
544.345 |
773.163 |
|
Profit |
6.481 |
5.825 |
3.598 |
|
|
1.49% |
1.07% |
0.47% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX
OF CHARGES: NO CHARGES EXIST FOR COMPANY
NOTE: The head office of the company has been shifted from 252/2, Ramban Society, Opposite Aundh Telephone Exchange, Aundh, Pune – 411007, Maharashtra, India to 103, Montreal Tower-I, Pallord Farm, Farm, Baner Road, Pune-411045, Maharashtra, India
UNSECURED LOAN
|
Particulars |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG TERM
BORROWING |
|
|
|
Dealer deposits |
4.099 |
4.099 |
|
Loan from directors |
0.100 |
0.100 |
|
Loan from shareholders and others |
0.505 |
0.384 |
|
Total |
4.704 |
4.583 |
|
|
|
|
FIXED ASSETS
Tangible Assets
- Land
- Building
- Plant and
Machinery
- Electrical
Fittings
- Technical
Known
- Furniture and
Fixtures
- Computer
- SPA Installations
- Vehicle
Intagiable Assets
- Technical
Knownhow
- SAP
Installations (Software)
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.63.62 |
|
UK Pound |
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.70.77 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.