MIRA INFORM REPORT
|
Report No. : |
332481 |
|
Report Date : |
17.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
SALES INDIA PRIVATE LIMITED (w.e.f. 16.07.2009) |
|
|
|
|
Formerly Known
As : |
SALES
INDIA LIMITED |
|
|
|
|
Registered
Office : |
B Jadhav Chambers, 2nd Floor, Ashram Road, Ahmedabad –
380009, Gujarat |
|
Tel. No.: |
91-79-27546313 / 19 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
06.06.1985 |
|
|
|
|
Com. Reg. No.: |
04-007880 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.45.267 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29191GJ1985PTC007880 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS6857N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Distributor and Online Shopping of Mobile Phones, Digital Cameras,
Camcorders, Laptops, LCD/LED and Plasma TV, Air Conditioner, Microwave Ovens. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
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 |
|
|
|
|
Comments : |
Subject company was incorporated on 6th June 1985, it is an
established company having a satisfactory. During FY 2014 company has reported an increase in its sales volume.
The company possesses an above average financial profile marked by adequate
networh base along with moderate total outside liabilities to tangible
networth. The rating takes into consideration the subject’s high geographic
concentration risks and susceptibility of profitability to intense
competition from large retail stores. However, trade relations are fair. Business is active. Payment terms
are reported as usually correct. In view of strong brand image and long standing presence in the
market, the subject can be considered 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Vishnuprasad Mehta |
|
Designation : |
Vice President – Finance |
|
Contact No.: |
91-9879107826 |
|
Date : |
16.07.2015 |
LOCATIONS
|
Registered Office : |
B Jadhav Chambers, 2nd Floor, Ashram Road, Ahmedabad – 380009, Gujarat, India |
|
Tel. No.: |
91-79-27546313 / 19 |
|
Mobile No.: |
91-9879107826 (Mr. Vishnuprasad Mehta) |
|
Fax No.: |
91-79-27546221 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
4000 Sq. Ft. |
|
Location : |
Owned |
|
|
|
|
Branch and Retail Stores : |
Located At:
|
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. John Geevarghese |
|
Designation : |
Director |
|
Address : |
Santosh Sadan, Opposite H.K House, Ashram Road, Ahmedabad- 380009,
Gujarat, India |
|
Date of Birth/Age : |
21.09.1937 |
|
Date of Appointment : |
06.06.1985 |
|
DIN No.: |
00121828 |
|
|
|
|
Name : |
Mr. Jose John Verghese |
|
Designation : |
Managing director |
|
Address : |
Santosh Sadan, Opposite H.K House, Ashram Road, Ahmedabad-380009,
Gujarat, India |
|
Date of Birth/Age : |
06.06.1966 |
|
Date of Appointment : |
06.06.1985 |
|
DIN No.: |
01179345 |
|
|
|
|
Name : |
Mrs. Chandramati John Verghese |
|
Designation : |
Director |
|
Address : |
Santosh Sadan, Opposite H.K House, Ashram Road, Ahmedabad- 380009,
Gujarat, India |
|
Date of Birth/Age : |
30.04.1941 |
|
Date of Appointment : |
20.01.2002 |
|
DIN No.: |
02245648 |
|
|
|
|
Name : |
Mrs. Jessica Jose John |
|
Designation : |
Director |
|
Address : |
Santosh Sadan, Opposite H.K House, Ashram Road, Ahmedabad- 380009,
Gujarat, India |
|
Date of Birth/Age : |
28.04.1994 |
|
Date of Appointment : |
25.06.2012 |
|
DIN No.: |
05311926 |
|
|
|
|
Name : |
Mr. Joy Jose John |
|
Designation : |
Director |
|
Address : |
Santosh Sadan, Opposite H.K House, Ashram Road, Ahmedabad- 380009,
Gujarat, India |
|
Date of Birth/Age : |
28.04.1994 |
|
Date of Appointment : |
25.06.2012 |
|
DIN No.: |
05312773 |
KEY EXECUTIVES
|
Name : |
Mr. Vishnuprasad Mehta |
|
Designation : |
Vice President – Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Equity Shareholders |
|
No. of Shares |
|
John Geevarghese |
|
1982475 |
|
Jose John |
|
1394100 |
|
Chandramati John |
|
571500 |
|
Sunita Vakta |
|
257625 |
|
Dipika jose |
|
4275 |
|
Joy Jose |
|
58050 |
|
Jessica John |
|
25650 |
|
Total |
|
4293675 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Arnold
Wilfred Solomon |
|
4000 |
|
Emmanuel
John Daniel |
|
600 |
|
Harold
Arnold Soloman |
|
5000 |
|
Minor.
Jeshurun Harold Soloman |
|
2800 |
|
Minor.
Jerrice Harold Soloman |
|
4800 |
|
Sunita
Vakta |
|
20000 |
|
John Geevarghese |
|
101800 |
|
Jose
John |
|
11800 |
|
Mrs.
Chandramati John |
|
6000 |
|
Jessica John |
|
45000 |
|
Joy Jose |
|
31200 |
|
Total |
|
233000 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributor and Online Shopping of Mobile Phones, Digital Cameras, Camcorders,
Laptops, LCD/LED and Plasma TV, Air Conditioner, Microwave Ovens. |
|
|
|
|
Products : |
Mobile Phones Digital Cameras Camcorders Laptops LCD/LED Plasma TV Air Conditioner Microwave Ovens. |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 days / 60 days / 90 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 days / 60 days / 90 days) |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users and OEMs
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No. of Employees : |
500 (Approximately) |
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Bankers : |
ICICI Bank Limited |
||||||||||||||||||||||
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|
||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Paras F. Jain and Company Chartered Accountants |
|
Address : |
3rd Floor, Meera Chambers, Opposite Syndicate Bank, Kadia Kuirelief Road, Ahmedabad – 380001, Gujarat, India |
|
PAN No.: |
AATPJ9113C |
|
|
|
|
Memberships : |
----- |
|
|
|
|
Collaborators : |
------- |
|
|
|
|
Associates/Subsidiaries : |
----- |
=CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,500,000 |
Equity Shares |
Rs.10/- each |
Rs.45.000 Million |
|
500,000 |
Preference Shares |
Rs.10/- each |
Rs.5.000 Million |
|
|
Total |
|
Rs.50.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,293,675 |
Equity Shares |
Rs.10/- each |
Rs.42.937
Million |
|
233,000 |
Preference Shares |
Rs.10/- each |
Rs.2.330
Million |
|
|
Total |
|
Rs.45.267 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 |
45.267 |
45.267 |
45.267 |
|
(b) Reserves &
Surplus |
61.140 |
54.842 |
38.559 |
|
(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) |
106.407 |
100.109 |
83.826 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
19.659 |
20.823 |
10.793 |
|
(b) Deferred tax liabilities
(Net) |
0.096 |
0.096 |
0.096 |
|
(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) |
19.755 |
20.919 |
10.889 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
102.525 |
48.314 |
35.513 |
|
(b) Trade payables |
118.757 |
62.236 |
51.296 |
|
(c) Other current
liabilities |
28.874 |
38.406 |
30.449 |
|
(d) Short-term provisions |
12.257 |
16.338 |
20.845 |
|
Total Current Liabilities
(4) |
262.413 |
165.294 |
138.103 |
|
|
|
|
|
|
TOTAL |
388.575 |
286.322 |
232.818 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
44.523 |
47.947 |
39.885 |
|
(ii) Intangible Assets |
1.235 |
0.382 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.250 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.004 |
0.004 |
0.004 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
44.401 |
29.108 |
28.948 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
90.163 |
77.441 |
69.087 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
222.305 |
176.500 |
114.610 |
|
(c) Trade receivables |
14.775 |
19.986 |
19.583 |
|
(d) Cash and cash
equivalents |
61.105 |
12.115 |
29.307 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
0.227 |
0.280 |
0.231 |
|
Total Current Assets |
298.412 |
208.881 |
163.731 |
|
|
|
|
|
|
TOTAL |
388.575 |
286.322 |
232.818 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1389.841 |
1252.492 |
1053.508 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
6.733 |
16.553 |
29.970 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(Rs.) |
1.49 |
3.66 |
6.62 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1500.000 |
The above information has been parted by Mr. Vishnuprasad Mehta.
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
0.000 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.48 |
1.32 |
2.84 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.15 |
0.69 |
0.55 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.14 |
1.26 |
1.19 |
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 |
45.267 |
45.267 |
45.267 |
|
Reserves & Surplus |
38.559 |
54.842 |
61.140 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
83.826 |
100.109 |
106.407 |
|
|
|
|
|
|
long-term borrowings |
10.793 |
20.823 |
19.659 |
|
Short term borrowings |
35.513 |
48.314 |
102.525 |
|
Total borrowings |
46.306 |
69.137 |
122.184 |
|
Debt/Equity ratio |
0.552 |
0.691 |
1.148 |
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 |
1053.508 |
1252.492 |
1389.841 |
|
|
|
18.888 |
10.966 |
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 |
1053.508 |
1252.492 |
1389.841 |
|
Profit |
29.970 |
16.553 |
6.733 |
|
|
2.84% |
1.32% |
0.48% |
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 |
No |
|
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 |
No |
|
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
17.600 |
15.700 |
|
Total |
17.600 |
15.700 |
FINANCIAL RESULTS
During the year under report, the Company has earned the profit (after tax) of Rs.6.733 Million (Previous year Rs. 16.553 Million).
However, with a view to strengthen the financial position of the company, your Directors do not recommended any dividend on Equity Shares.
OPERATIONS
During the year under report, the performance of the company was quite encouraging. The sales of the company have increased to Rs.1389.841 Million as against the previous year's sale of Rs. 1252.492 Million showing significant rise in sales during the year under report. This is the result of the efforts put up by the Directors assisted by the Executives of the company.
The various electrical and non-electrical items and equipments marketed by the company are very well received by the Customers and all efforts are being made to see that the company achieves new heights of sales and profits in the years to come.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10500868 |
29/04/2014 |
14,785,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJ |
C05519418 |
|
2 |
10169243 |
29/06/2009 |
1,650,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A66992348 |
|
3 |
10511796 |
25/02/2009 |
550,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A67152504 |
|
4 |
10096296 |
21/03/2008 |
365,000.00 |
UNION BANK OF INIDA |
ELLISBRIDGE BRANCH, ASHRAM ROAD, AHMEDABAD, GUJAR |
A35842061 |
|
5 |
10519441 |
20/02/2008 |
2,400,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT, MUMBAI, MAHA |
A65863375 |
|
6 |
10069050 |
27/09/2007 |
35,000,000.00 |
3I INFOTECH TRUSTEESHIP SERVICES LIMITED |
3RD TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK,, T |
A23135395 |
|
7 |
10006441 |
27/05/2006 |
2,470,000.00 |
UNION BANK OF INDIA |
ELLISBRIDGE BRANCH, KARAKA BUILDING, ASHRAM ROAD, |
A01632884 |
|
8 |
80011675 |
05/01/2007 * |
25,300,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJ |
- |
|
9 |
90095384 |
06/06/2004 |
2,300,000.00 |
ICICI BANK LIMITED |
JMC HOUSE; 9TH FLOOR, OPP. PARIMAL GARDEN; AMBAWA |
- |
|
10 |
90095333 |
30/08/2003 |
2,300,000.00 |
ICICI BANK LIMITED |
JMC HOUSE; 9TH FLOOR, OPP. PARIMAL GARDEN; AMBAWA |
- |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
Intangible assets
- 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 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.63.49 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.69.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.