MIRA INFORM REPORT
|
Report No. : |
330973 |
|
Report Date : |
11.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
APPL INDUSTRIES LIMITED |
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|
|
|
Formerly Known
As : |
AALEKH POLYMERS PRIVATE LIMITED |
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|
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|
Registered
Office : |
F-169, |
|
Tel No.: |
91-11-25193078 |
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|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
22.01.2001 |
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|
|
|
Com. Reg. No.: |
55-109315 |
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|
|
Capital Investment
/ Paid-up Capital : |
Rs. 229.003 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999DL2001PLC109315 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA18328C |
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|
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PAN No.: [Permanent Account No.] |
AAFCA1026J |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in the Manufacturer of Engineering Thermoplastic
Compounds. |
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|
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No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1800000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated during the year having the year 2001 satisfactory track record. Available financial indicates company sound net worth position with good profitability and favorable gap between trade payable and trade receivable. Trade relations are reported as fair. Business is active. Payments terms are reported to be usually correct. In view of long standing record and acceptable financial base, 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.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
ICRA |
|
Rating |
Long term rating: BBB- |
|
Rating Explanation |
Moderate degree of safety and carry moderate credit risk. |
|
Date |
June 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term rating: A3 |
|
Rating Explanation |
Moderate degree of safety and carry higher credit risk. |
|
Date |
June 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. Rakesh Gupta |
|
Designation : |
Finance Head |
|
Contact No.: |
91-9871795856 |
|
Date : |
09.07.2015 |
LOCATIONS
|
Registered Office : |
F-169, |
|
Tel. No.: |
91-11-25193078 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
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|
Area : |
2000 sq. ft. |
|
Location : |
Owned |
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|
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|
Factory 1 : |
680/2, |
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Tel. No.: |
91-2137-253195 / 96 |
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E-Mail : |
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Location : |
Owned |
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|
|
|
Factory 2 : |
Plot No.2, Sector 7, Industrial Estate, IMT Manesar, Gurgaon – 122
050, |
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Tel. No.: |
91-124-4368231 |
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Fax No.: |
91-124-4368234 |
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E-Mail : |
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Location : |
Owned |
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Factory 3 : |
Mandar – Rajashthan, Ricco Industrial Area, Mandar, District
Sirohi-307513, India |
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Factory 4 : |
Plot No.58, Sector 4, Sidcul, IIE, Pantnagar, Uttaranchal, India |
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Factory 5 : |
Survey No.279, (1 and 2), Maan, Taluka Mulshi, Pune-411057,
Maharashtra, India |
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|
|
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Factory 5 : |
Plot No.2, Sector – 7, Industrial Estate IMT, Manesar – 122050,
Haryana, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Inder Prakash Jain |
|
Designation : |
Managing Director |
|
Address : |
55, |
|
Date of Birth/Age : |
11.08.1961 |
|
Date of Appointment : |
01.06.2006 |
|
Din No.: |
00273038 |
|
|
|
|
Name : |
Mrs. Asha Jain |
|
Designation : |
Director |
|
Address : |
55, |
|
Date of Birth/Age : |
12.05.1962 |
|
Date of Appointment : |
22.01.2001 |
|
Din No.: |
00272963 |
|
|
|
|
Name : |
Mr. Aalekh Jain |
|
Designation : |
Director |
|
Address : |
55, |
|
Date of Birth/Age : |
27.10.1986 |
|
Date of Appointment : |
30.04.2007 |
|
Din No.: |
01024820 |
|
|
|
|
Name : |
Mr. Jeevan Shantaram Karkhanis |
|
Designation : |
Director |
|
Address : |
D-804, Imperial Residency, Adjacent to |
|
Date of Birth/Age : |
05.10.1952 |
|
Date of Appointment : |
23.08.2007 |
|
Din No.: |
01412714 |
|
|
|
|
Name : |
Mr. Rajeev Shyamrao Basargekar |
|
Designation : |
Additional director |
|
Address : |
C-9/14, Sarita Nagari, Phase – II, SN 119/1, |
|
Date of Birth/Age : |
09.09.1956 |
|
Date of Appointment : |
02.05.2011 |
|
Din No.: |
03508478 |
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|
|
|
Name : |
Mr. Anil George |
|
Designation : |
Director |
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Address : |
402/H, Pinac Kanchanganag Avndh, Pune-411007, Maharashtra, India |
|
Date of Birth/Age : |
08.11.1967 |
|
Date of Appointment : |
01.12.2011 |
|
Din No.: |
05130849 |
KEY EXECUTIVES
|
Name : |
Mr. Rakesh Gupta |
|
Designation : |
Secretary/ Finance Head |
|
Address : |
Flat No. A-101, Karam Hi Dharam Apartment, Sector – 55, Gurgaon – 122
001, |
|
Date of Birth/Age : |
30.08.1961 |
|
Date of Appointment : |
01.06.2006 |
|
PAN No.: |
ABTPG1201D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
NOTE: SHAREHOLDING DETAILS FILE ATTACHED.
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
10.14 |
|
Directors or relatives of Directors |
89.86 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the Manufacturer of Engineering Thermoplastic Compounds. |
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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 : |
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Selling : |
Cash and credit (30,60,90 Days) |
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Purchasing : |
Cash and credit (30,60,90 Days) |
PRODUCTION STATUS [AS ON 31.03.2014]
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Compound |
Kg |
72000000 |
15936035.230 |
GENERAL INFORMATION
|
Suppliers : |
Reliance Industries Limited
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Customers : |
Garware Polyester Limited
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No. of Employees : |
500 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
S. Kumar Jain and Associates Chartered Accountants |
|
Address : |
2481/9, 2nd Floor, |
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Tel. No.: |
91-11-28756307 / 28758294 |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AALPJ6405D |
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Memberships : |
-- |
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Collaborators : |
-- |
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Subsidiaries |
APPL Polymers Private Limited |
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Other related party : |
APPL Gor Plastic
India Limited Line of Business: Manufacturer and Supplier of wood stock sheets Autodynamics
Engineering Private Limited Address: Survey No. 279, Hissa No. 2, Mann Taluka Mulshi, District
Pune, 411057, Maharashtra, India Line of Business: Manufacturer of Evaporative Colling systems, high
pressure composite. |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
22200332 |
Equity Shares |
Rs.10/- each
|
Rs.222.003
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 |
229.003 |
222.003 |
213.403 |
|
(b) Reserves & Surplus |
418.125 |
367.780 |
303.519 |
|
(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) |
647.128 |
589.783 |
516.922 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
227.801 |
118.439 |
267.343 |
|
(b) Deferred tax liabilities
(Net) |
72.070 |
63.211 |
54.898 |
|
(c) Other long term
liabilities |
87.550 |
79.601 |
26.101 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
387.421 |
261.251 |
348.342 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
473.328 |
515.436 |
368.462 |
|
(b) Trade payables |
166.553 |
121.300 |
218.340 |
|
(c) Other current liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term provisions |
29.590 |
25.880 |
22.615 |
|
Total
Current Liabilities (4) |
669.471 |
662.616 |
609.417 |
|
|
|
|
|
|
TOTAL |
1704.020 |
1513.650 |
1474.681 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
829.053 |
757.684 |
689.291 |
|
(ii) Intangible Assets |
36.906 |
35.762 |
34.714 |
|
(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 |
86.897 |
39.397 |
71.977 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
92.068 |
120.119 |
69.172 |
|
(e) Other Non-current assets |
0.064 |
0.076 |
0.089 |
|
Total
Non-Current Assets |
1044.988 |
953.038 |
865.243 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
231.841 |
220.390 |
172.096 |
|
(c) Trade receivables |
369.992 |
303.248 |
387.693 |
|
(d) Cash and cash equivalents |
7.792 |
6.954 |
14.915 |
|
(e) Short-term loans and
advances |
49.407 |
30.020 |
34.734 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
659.032 |
560.612 |
609.438 |
|
|
|
|
|
|
TOTAL |
1704.020 |
1513.650 |
1474.681 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
2112.752 |
1937.134 |
1937.134 |
|
|
Other Income |
2.494 |
15.282 |
15.282 |
|
|
TOTAL
(A) |
2115.246 |
1952.416 |
1952.416 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1717.840 |
1552.298 |
1552.298 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(1.102) |
(5.346) |
(25.346) |
|
|
Employees benefits expense |
65.508 |
54.184 |
54.184 |
|
|
Other expenses |
207.554 |
206.656 |
206.656 |
|
|
TOTAL
(B) |
1989.800 |
1807.792 |
1787.792 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
125.446 |
144.624 |
164.624 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
44.718 |
74.623 |
74.623 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
80.728 |
70.001 |
90.001 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
24.525 |
22.828 |
22.828 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
56.203 |
47.173 |
67.173 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
8.859 |
8.312 |
8.312 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
47.344 |
38.861 |
58.861 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
256.896 |
292.799 |
292.799 |
|
|
Components and Stores parts |
0.448 |
16.443 |
16.443 |
|
|
TOTAL
IMPORTS |
257.344 |
309.242 |
309.242 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
1.79 |
2.41 |
2.31 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
2300.000 |
The above information has been parted by Mr. Rakesh Gupta
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 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
54.261 |
108.790 |
98.829 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.24 |
2.01 |
3.04 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
5.94 |
7.47 |
8.50 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.48 |
3.20 |
4.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.08 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.08 |
1.07 |
1.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.98 |
0.85 |
1.00 |
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 |
213.403 |
222.003 |
229.003 |
|
Reserves & Surplus |
303.519 |
367.780 |
418.125 |
|
Net
worth |
516.922 |
589.783 |
647.128 |
|
|
|
|
|
|
long-term borrowings |
267.343 |
118.439 |
227.801 |
|
Short term borrowings |
368.462 |
515.436 |
473.328 |
|
Total
borrowings |
635.805 |
633.875 |
701.129 |
|
Debt/Equity
ratio |
1.230 |
1.075 |
1.083 |
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 |
1937.134 |
1937.134 |
2112.752 |
|
|
|
0.000 |
9.066 |
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 |
1937.134 |
1937.134 |
2112.752 |
|
Profit |
58.861 |
38.861 |
47.344 |
|
|
3.04% |
2.01% |
2.24% |
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 |
Yes |
|
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) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
PERFORMANCE
The company has achieved turnover Rs. 2112.700 Million as compare to previous year Rs 1937.100 Million. Profit before tax decreased to Rs. 56.200 Million as compare to previous year Rs. 67.100 Million. Net Profit after interest, depreciation and tax shows a marginal decline from Rs 51.300 Million to Rs. 39.800 Million. They were successful in retaining almost same level of profits even after completion. This could be possible only by extra marketing effort of the company. However still the company has to go a long way in exploiting the market by introduction of its products to new markets.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
50.807 |
19.009 |
|
Other loans and advances, others |
128.315 |
43.500 |
|
Total |
179.122 |
62.509 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10546861 |
05/01/2015 |
150,000,000.00 |
HDFC BANK LIMITED |
E14/29, 2ND FLOOR,
HARSHA BHAWAN,MIDDLE CIRCLE,CO |
C42345751 |
|
2 |
10450948 |
12/09/2013 |
50,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
7TH FLOOR, AMBADEEP BUILDING, 14, K. G. MARG, NEWDELHI, DELHI - 110001, INDIA |
B85696961 |
|
3 |
10235567 |
27/07/2011 * |
115,000,000.00 |
STANDARD CHARTERED BANK (ACTING AS AN SECURITY AGE |
CREDIT RISK CONTROL, NARAIN MANZIL, 23 BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
B18432336 |
|
4 |
10157967 |
13/10/2014 * |
29,200,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJ |
C34051573 |
|
5 |
10122308 |
13/10/2014 * |
310,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJ |
C34055699 |
|
6 |
10060195 |
21/02/2012 * |
110,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJ |
B34371849 |
|
7 |
10052099 |
27/07/2011 * |
250,000,000.00 |
STANDARD CHARTERED BANK |
CREDIT RISK
CONTROL, NARAIN MANZIL, 23 BARAKHAMBA |
B18433169 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
Intangible assets
- Goodwill
- Computer software
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.63.38 |
|
|
1 |
Rs.97.65 |
|
Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
46 |
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.