MIRA INFORM REPORT
|
Report No. : |
333042 |
|
Report Date : |
20.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
H L E ENGINEERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No.60/1 Ground Floor, Plot-1 and 2, Near Shukan Bung, Opposite
Maheshvari Bhavan, City Light Area, Surat – 395001, Gujarat |
|
Mobile No.: |
91-9825115840 (Mr. Amit Gandhi) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
14.10.2004 |
|
|
|
|
Com. Reg. No.: |
04-044905 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.900 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29199GJ2004PTC044905 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTH00841B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCH4724N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Chemicals Plants and Machinery |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
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 was established in the year 2004 and it is established company
having satisfactory track record. For the financial year ended 2014, company possesses healthy
operational risk profile and it has achieved sales turnover of Rs. 458.800
Million with profit of Rs. 21.200 Million as compared to previous turnover
(2013) of Rs. 412.000 Million along with a profit of Rs. 26.800 Million. Company has reported 11.29% sales turnover growth and it has
maintained margins at 6.80% during FY 2014. Rating takes into consideration company’s sound financial risk profile
marked by adequate net worth base and above average debt protection metrics. Trade relations are reported as fair. Payment terms are reported to be
usually correct. In view of adequate operational profile backed by sound financial
base, the company 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 DENIED BY
|
Name : |
Mr. Amit Gandhi |
|
Designation : |
Associates Manager |
|
Contact No.: |
91-9825115840 |
|
Date : |
20.07.2015 |
LOCATIONS
|
Registered Office : |
Sur.No.60/1 Ground Floor, Plot-1&2, Near Shukan Bung, Opposite
Maheshvari Bhavan, City Light Area, Surat – 395001, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9825115840 (Mr. Amit Gandhi) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
A-6, Maroli Udyognagar, Post. Maroli Bazar, District Navsari - 396 436, Gujarat, India |
|
Tel. No.: |
91-2637-272060 / 2637272062 |
|
Fax No.: |
91-2637-272240 |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Harsh Himanshubhai Patel |
|
Designation : |
Whole-Time Director |
|
Address : |
R-1, Somnath Mahadev Society, Behind, Sargam Shopping Center, Parle Point, Surat – 395002, Gujarat, India |
|
Date of Birth/Age : |
09.09.1977 |
|
Date of Appointment : |
01.04.2013 |
|
DIN No.: |
00141863 |
|
|
|
|
Name : |
Mr. Himanshu Khushalbhai Patel |
|
Designation : |
Director |
|
Address : |
Building 23, No.61, Paiky 1-2,64,65, T Sarjan Cooperative H. Society,
Near Old Jakat Naka, Athwa Lines, Surat – 395001, Gujarat, India |
|
Date of Appointment : |
14.10.2004 |
|
DIN No.: |
00202312 |
|
|
|
|
Name : |
Mrs. Priti Himanshubhai Patel |
|
Designation : |
Director |
|
Address : |
23, Sarjan Society, Near Umra Jakat Naka, Surat – 395007, Gujarat, India |
|
Date of Birth/Age : |
21.09.1960 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
06587760 |
|
|
|
|
Name : |
Mr. Hitesh Chunilal Patel |
|
Designation : |
Director |
|
Address : |
A/39, Bhava, Gokul Vihar Township, National Highway no. 8, Near Petrol
Pump, Vapi - 395196, Gujarat, India |
|
Date of Appointment : |
14.10.2004 |
|
DIN No.: |
03532375 |
KEY EXECUTIVES
|
Name : |
Mr. Amit Gandhi |
|
Designation : |
Associates Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Harsh Himanshubhai Patel |
18000 |
20.00 |
|
Himanshu Khushalbhai Patel |
58500 |
65.00 |
|
Sharad K. Patel |
4500 |
5.00 |
|
Nilesh K. Patel |
4500 |
5.00 |
|
Swara R. Patel |
4500 |
5.00 |
|
|
|
|
|
Total |
90000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Chemicals Plants and Machinery |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
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|
|
|
Agencies Held : |
Not Available |
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|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Hiren M Diwan and Company Chartered Accountants |
|
Address : |
43, River Palace, Wing "A" Beside Navdi Ovara, Nanpura,
Ahmedabad - 395001, Gujarat, India |
|
Tel. Fax No.: |
91-79-2470102 / 2470103 / 3931400 / 3931401 / 3931402 / 3931403 |
|
PAN No.: |
AACFH4310F |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Related Parties Where Control Exist : |
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
90,000 |
Equity Shares |
Rs.10/- each |
Rs.0.900
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 |
0.900 |
0.900 |
0.900 |
|
(b) Reserves & Surplus |
86.240 |
64.952 |
38.145 |
|
(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) |
87.140 |
65.852 |
39.045 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
118.101 |
85.443 |
97.041 |
|
(b) Deferred tax liabilities
(Net) |
10.733 |
9.918 |
8.899 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
21.959 |
15.588 |
9.176 |
|
Total
Non-current Liabilities (3) |
150.793 |
110.949 |
115.116 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
62.430 |
0.000 |
16.765 |
|
(b) Trade payables |
91.235 |
55.387 |
38.773 |
|
(c) Other current liabilities |
70.719 |
71.817 |
76.523 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.400 |
|
Total
Current Liabilities (4) |
224.384 |
127.204 |
132.461 |
|
|
|
|
|
|
TOTAL |
462.317 |
304.005 |
286.622 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
118.484 |
80.604 |
72.353 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
18.403 |
16.460 |
15.276 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
23.877 |
27.178 |
21.335 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
160.764 |
124.242 |
108.964 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
227.762 |
126.156 |
126.167 |
|
(c) Trade receivables |
30.664 |
17.202 |
7.097 |
|
(d) Cash and cash equivalents |
1.468 |
10.492 |
0.244 |
|
(e) Short-term loans and
advances |
40.492 |
23.640 |
43.670 |
|
(f) Other current assets |
1.167 |
2.273 |
0.480 |
|
Total
Current Assets |
301.553 |
179.763 |
177.658 |
|
|
|
|
|
|
TOTAL |
462.317 |
304.005 |
286.622 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
450.385 |
402.682 |
341.374 |
|
|
Other Income |
8.455 |
9.597 |
1.751 |
|
|
TOTAL
(A) |
458.840 |
412.279 |
343.125 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
260.057 |
200.178 |
194.942 |
|
|
Purchases of Stock-in-Trade |
8.114 |
4.860 |
6.163 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(61.858) |
2.177 |
(11.950) |
|
|
Employees benefits expense |
79.477 |
65.679 |
56.331 |
|
|
Other expenses |
124.771 |
91.266 |
74.244 |
|
|
Prior Period Item |
(0.665) |
(0.007) |
2.104 |
|
|
TOTAL
(B) |
409.896 |
364.153 |
321.834 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
48.944 |
48.126 |
21.291 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.497 |
4.237 |
5.545 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
42.447 |
43.889 |
15.746 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
7.551 |
6.527 |
5.413 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
34.896 |
37.362 |
10.333 |
|
|
|
|
|
|
|
Less |
TAX (H) |
13.609 |
10.555 |
3.945 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
21.287 |
26.807 |
6.388 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S ( |
21.287 |
26.807 |
6.388 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
94.739 |
159.800 |
19.563 |
|
|
|
|
|
|
|
|
IMPORTS |
55.922 |
33.99 |
31.151 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
237.00 |
297.86 |
70.98 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
70.719 |
71.817 |
76.523 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
4.73 |
6.66 |
1.87 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
10.87 |
11.95 |
6.24 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.86 |
12.99 |
3.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.40 |
0.57 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.88 |
2.39 |
4.87 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
1.41 |
1.34 |
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 |
0.900 |
0.900 |
0.900 |
|
Reserves & Surplus |
38.145 |
64.952 |
86.240 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
39.045 |
65.852 |
87.140 |
|
|
|
|
|
|
long-term borrowings |
97.041 |
85.443 |
118.101 |
|
Short term borrowings |
16.765 |
0.000 |
62.430 |
|
Current maturities of
long-term debts |
76.523 |
71.817 |
70.719 |
|
Total
borrowings |
190.329 |
157.260 |
251.250 |
|
Debt/Equity
ratio |
4.875 |
2.388 |
2.883 |
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 |
341.374 |
402.682 |
450.385 |
|
|
|
17.959 |
11.846 |
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 |
341.374 |
402.682 |
450.385 |
|
Profit |
6.388 |
26.807 |
21.287 |
|
|
1.87% |
6.66% |
4.73% |
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) |
No |
|
16 |
No. of employees |
No |
|
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 three 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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: The registered office of the company has been shifted from A-6, Maroli Udyog Nagarvill Nadod Via, Maroli Bazar, District Navsari – 396436, Gujarat, India to present address w.e.f. 25.06.2009.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Director |
|
|
|
Harshbhai H. Patel |
0.002 |
0.002 |
|
Himashubhai K. Patel |
81.082 |
64.106 |
|
ther |
|
|
|
Nileshbhai K. Patel |
0.000 |
3.847 |
|
Yashashwatiben H. Patel |
6.482 |
6.482 |
|
Swarben H. Patel |
7.253 |
7.254 |
|
|
|
|
|
Total |
94.819 |
81.691 |
BUSINESS AFFAIRS
AND PROGRESS:
The Board of directors presents the above reported results of the company
for the year under consideration for the approval of the Hon’ble members. The
Hon’ble members note that inspite of depressive flows in the business world,
the gross receipts from the operators of the company has registered markable
increase during the current year in comparison with the preceding year. The
Hon’ble members are hereby assured by the board that so far the management of
the company is concerned, no stone would be left unturned to perpetuate the
growth history of the company in the ensuing years
The Board is committed to repeat the progress story with greater force
in the year ahead.
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10550815 |
29/01/2015 |
160,000,000.00 |
RBL Bank Limited |
SHAHUPURI,KOLHAPUR,, KOLHAPUR, Maharashtra - 416001, INDIA |
C44448264 |
|
2 |
10086486 |
29/11/2014 * |
335,604,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
C40345902 |
|
3 |
10086487 |
06/08/2014 * |
315,604,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
C39877238 |
*Date of charge modification
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
Bank Guarantee |
32.544 |
20.867 |
|
Bank Letter of Credit |
20.000 |
17.000 |
FIXED ASSETS
- Building
- Factory
Building
- Plant and
Machinery
- Electrical
Installation
- Office
Equipment
- Computer
Equipment
- Furniture and
Fixture
- Vehicle
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.63.46 |
|
|
1 |
Rs.98.47 |
|
Euro |
1 |
Rs.70.69 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ART |
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 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
50 |
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.