MIRA INFORM REPORT
|
Report No. : |
332176 |
|
Report Date : |
20.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
NEWS PRINT TRADING AND DISTRICUTING CORPORATION LIMITED |
|
|
|
|
Registered
Office : |
229-231, |
|
Tel. No.: |
91-22-22611207 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
08.09.1958 |
|
|
|
|
Com. Reg. No.: |
11-011171 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 1.982 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1958PLC011171 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT09646A MUMT10876F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT1786B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Importing of all kinds of printing papers. |
|
|
|
|
No. of Employees
: |
12 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 180000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behavior : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company incorporated in the year 1958,
having satisfactory track. Rating takes into consideration Company’s sound financial risk profile
marked by debt free capital structure and fair liquid position. However, company has reported dip in its profit in FY14, but net
profit margin seems to be fair. Trade relations are fair. Business is active. Payment terms are slow
but correct. The company can be considered for business dealings with 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 |
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. Hitesh Shah |
|
Designation : |
Director |
|
Contact No.: |
91-22-22617272 |
|
Date : |
15.07.2015 |
LOCATIONS
|
Registered Office : |
229-231, Perin Nariman Street, 101, 1st Floor, Fort, Mumbai – 400021,
Maharashtra, India |
|
Tel. No.: |
91-22-22617272, 22617878, 22617299 |
|
Fax No.: |
91-22-22611207 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2500 sq. ft |
|
Location : |
Owned |
|
|
|
|
Factory : |
Gala No.5/6, Tantia Industrial Estate, Sitaram Mill Compound, Lower
Parel, Mambai, Maharashtra, India. |
|
Tel. No.: |
91-22-23098182 |
|
Area : |
1500 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch Office 1 : |
203, Bora Bazar Street, 1st Floor, Fort, Mumbai – 400001, |
|
Tel. No.: |
91-22-22617299 |
|
Fax No.: |
91-22-22611207 |
|
Area : |
2000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch Office 2 : |
Ground Floor, Mapla House, 202, Bora Bazar Street, Fort, Mumbai –
400001, Maharashtra, India |
|
Area : |
1000 sq. ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Mr. Mulchand L. Shah |
|
Designation : |
Chairman |
|
Address : |
203, Bora Bazaar Street, Fort, Mumbai – 400 001, Maharashtra, India |
|
Date of Birth/Age : |
05.07.1944 |
|
Date of Appointment : |
27.09.1990 |
|
DIN No.: |
00134479 |
|
|
|
|
Name |
Mr. Jayesh Mulchand Shah |
|
Designation |
Whole-time Director |
|
Address |
203, Bora Bazaar Street, Fort, Mumbai – 400 001, Maharashtra, India |
|
Date of Birth |
18.05.1968 |
|
Qualification |
B. Com. |
|
Date of Appointment : |
01.04.2010 |
|
DIN No.: |
00228868 |
|
|
|
|
Name |
Mr. Hitesh Mulchand Shah |
|
Designation |
Managing Director |
|
Address |
203, Bora Bazaar Street, Fort, Mumbai – 400 001, Maharashtra, India |
|
Date of Birth |
08.06.1970 |
|
Qualification |
B. Com. |
|
Date of Appointment |
01.04.2010 |
|
DIN No.: |
00154753 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Mulchand
Lalji Shah and Manjula Mulchand Shah |
|
102000 |
|
Manjula
Mulchand Shah and Mulchand Lalji Shah |
|
18000 |
|
Jayesh
M. Shah and Mulchand L. Shah |
|
20650 |
|
Bijal
Jayesh Shah |
|
200 |
|
Hitesh
Mulchand Shah and Mulchand Lalji Shah |
|
34000 |
|
Rajesh
Mulchand Shah and Mulchand Lalji Shah |
|
19950 |
|
Manekchand
S Bengani |
|
100 |
|
Jayantilal
Manilal Shah and Yagnesh Jayantilal Shah |
|
500 |
|
Anilkumar
Babulal Shah |
|
50 |
|
Swaldas Kishanchand Munyal and Vishindas K
Munyal and Asha V Munyal |
|
100 |
|
Sakina
Mohammedaram Hawa |
|
50 |
|
J.
P. Patel (Bom) Private Limited |
|
100 |
|
Kantilal
Mohanlal Parikh |
|
50 |
|
Dhiraj
A Shah and Meena D Shah |
|
100 |
|
Arzoo
Hitesh Shah and Hitesh Mulchand Shah |
|
100 |
|
Shantilal
S Shah |
|
50 |
|
Abdullabhai
F Kagalwala |
|
400 |
|
Girdharilal
Damodar Private Limited |
|
100 |
|
Indravadan
M Parikh |
|
50 |
|
Krishnakumar
L Ganantra |
|
50 |
|
Mukesh
K Sheth |
|
100 |
|
Ramanand
Kapoor |
|
100 |
|
Ramesh
P Chugani and Gauri R Chugani |
|
50 |
|
Ramesh
T Chiklikar |
|
50 |
|
Vinod
S Shah |
|
50 |
|
Sheetal
R Shah |
|
200 |
|
Mulchand
Lalji Shah HUF |
|
50 |
|
Jayesh Mulchand
Shah HUF |
|
50 |
|
Hitesh Mulchand
Shah HUF |
|
50 |
|
Rajesh Mulchand
Shah HUF |
|
50 |
|
Total |
|
197350 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2014
|
Category |
Percentage |
|
Bodies corporate |
0.10 |
|
Directors or relatives of Directors |
98.96 |
|
Other top fifty shareholders |
0.94 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importing of all kinds of printing papers. |
|
|
|
|
Products : |
· Newsprint Paper · Mechanical Printing Paper |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
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|
|
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Exports : |
Not Divulged |
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Imports : |
|
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Products : |
Papers |
|
Countries : |
|
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Manufacturer
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No. of Employees : |
12 (Approximately) |
||||||||||||||
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Bankers : |
· Union Bank of India, Bombay Samachar Marg, Mumbai – 400 023, Maharashtra, India · Bombay Mercantile Co-Operative Bank Limited, Foreign Exchange Division, Uttam House, 4th Floor, P.D Mello Road, Carnac Bunder, Mumbai – 400001, Maharashtra, India · Bank of Baroda, Bori Bunder Branch, Mumbai – 400 001, Maharashtra, India · Citi Co-operative Bank Limited · Dena Bank · Cosmos Co-Operative Bank ·
Citi Bank |
||||||||||||||
|
|
|
|
Auditors : |
|
|
Name : |
Rajeev Shah and Company Chartered Accountants |
|
Address : |
3/4, Behramji Mansion, 1st Floor, 18, Homji Street, Sir P. M. Road, Fort, Mumbai – 400 001, Maharashtra, India |
|
Tel. No.: |
91-22-22665425 / 22659032 / 66369564 |
|
Fax No.: |
91-22-22692847 |
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E-Mail : |
|
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFR0196C |
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|
|
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Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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|
|
|
Related Parties : |
|
CAPITAL STRUCTURE
AS ON 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
197350 |
Equity Shares |
Rs.10/- each |
Rs. 1.973 Million |
|
|
|
|
|
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 million |
|
|
|
|
|
Issued, Subscribed and Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
197350 |
Equity Shares |
Rs.10/- each |
Rs.1.974 million |
|
239 |
Equity Shares Add: Forfeited Shares |
Rs.35/- each |
Rs.0.008 million |
|
|
Total |
|
Rs.1.982 million |
ABRIDGED
BALANCE SHEET
FINANCIAL DATA
[all figures are
in Rupees Million]
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1.982 |
1.982 |
1.982 |
|
(b) Reserves & Surplus |
21.704 |
19.164 |
15.848 |
|
(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) |
23.686 |
21.146 |
17.830 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.171 |
0.242 |
0.354 |
|
(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) |
0.171 |
0.242 |
0.354 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
3.870 |
4.514 |
4.017 |
|
(c) Other
current liabilities |
0.756 |
2.527 |
3.628 |
|
(d) Short-term
provisions |
0.314 |
0.217 |
0.149 |
|
Total Current
Liabilities (4) |
4.940 |
7.258 |
7.794 |
|
|
|
|
|
|
TOTAL |
28.797 |
28.646 |
25.978 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2.936 |
3.535 |
4.237 |
|
(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 |
0.199 |
0.151 |
0.158 |
|
(c) Deferred tax assets (net) |
0.000 |
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 |
3.135 |
3.686 |
4.395 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
13.212 |
10.379 |
9.856 |
|
(d) Cash
and cash equivalents |
3.926 |
4.564 |
1.744 |
|
(e)
Short-term loans and advances |
8.524 |
10.017 |
9.983 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
25.662 |
24.960 |
21.583 |
|
|
|
|
|
|
TOTAL |
28.797 |
28.646 |
25.978 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
63.998 |
65.281 |
32.162 |
|
|
|
Other Income |
0.617 |
0.444 |
0.484 |
|
|
|
TOTAL |
64.615 |
65.725 |
32.646 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
53.208 |
53.533 |
18.812 |
|
|
|
Employees benefits expense |
4.505 |
3.813 |
4.809 |
|
|
|
Other expenses |
2.507 |
2.628 |
3.037 |
|
|
|
TOTAL |
60.220 |
59.974 |
26.658 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
4.395 |
5.751 |
5.988 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.054 |
0.114 |
0.088 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
4.341 |
5.637 |
5.900 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
0.606 |
0.786 |
0.694 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
3.735 |
4.851 |
5.206 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.196 |
1.535 |
2.498 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.539 |
3.316 |
2.708 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Commission Received |
9.252 |
10.153 |
10.842 |
|
|
|
Travelling Reimbursement |
0.000 |
0.005 |
0.000 |
|
|
TOTAL EARNINGS |
9.252 |
10.158 |
10.842 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
12.85 |
16.78 |
13.71 |
|
|
Particulars |
|
|
31.03.2015 (Audited) |
|
Sales Turnover |
|
|
64.900 |
The above information has been parted by Mr. Hitesh Shah (Director)
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 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
3.97 |
5.08 |
8.42 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.87 |
8.81 |
18.62 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.06 |
17.02 |
20.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
0.23 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.19 |
3.44 |
2.77 |
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 |
1.982 |
1.982 |
1.982 |
|
Reserves & Surplus |
15.848 |
19.164 |
21.704 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
17.830 |
21.146 |
23.686 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
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 |
32.162 |
65.281 |
63.998 |
|
|
|
102.976 |
(1.965) |
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 |
32.162 |
65.281 |
63.998 |
|
Profit |
2.708 |
3.316 |
2.539 |
|
|
8.42% |
5.08% |
3.97% |
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) |
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 |
No |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIONS
During the year the company has earned total income of Rs. 64.615
million as compared to Rs. 65.725 million in the previous year. After providing
for Depreciation, Interest and Tax, the net profit of the company has drop down
and stood at Rs. 2.539 million as against Rs.3.316 million in the previous
year.
INDEX
OF CHARGES
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
- Gala No 25
- Gala No E 13
and 14
- Furniture and
Fixture
- Tempo
- Motor Car
- Motor Bike
- Office
Equipment
- Fax Machine
- Air Conditioner
- Computer
- Cellular
Phone
- Telephone
- Printer and
Scanner
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.99.42 |
|
Euro |
1 |
Rs.69.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
DDD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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
unfavorable 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.