MIRA INFORM REPORT
|
Report No. : |
333447 |
|
Report Date : |
27.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
GUPTA COAL INDIA PRIVATE LIMITED (w. e. f. 10.04.2012) |
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Formerly Known
As : |
GUPTA COAL INDIA LIMITED |
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Registered Office
: |
Gupta Tower, 4th Floor, Temple Road, Civil Lines, Nagpur -
440001, Maharashtra |
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Tel. No.: |
91-712-6664000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
05.05.1989 |
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Com. Reg. No.: |
11-051640 |
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Capital
Investment / Paid-up Capital : |
Rs. 324.781 Million |
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CIN No.: [Company Identification
No.] |
U51909MH1989PTC051640 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction & Collection
Account No.] |
NGPG00507D |
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PAN No.: [Permanent Account No.] |
AAACG4587B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of coal trading. |
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No. of Employees
: |
Information declined by the management
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RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 10000000 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. As per registrar of companies the date of balance sheet i.e.
financials filed is shown as 31st March, 2014 but the documents
related to the financials for the year 2014 is not available from any source. As per available financials of 2013, the profit margin of the company
seems to be low. Management of the company remain non-cooperative denied to part any
information about the company. However, business is active as per registrar of companies. Payment
terms are unknown. The company can be considered for business dealings with some caution. |
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 |
CARE |
|
Rating |
Long Term Rating = BB- (Suspended) |
|
Rating Explanation |
Inadequate credit quality and high credit
risk. |
|
Date |
31.12.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Rating = A4 (Suspended) |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
31.12.2013 |
Reason for Suspended: The Company has not furnished the information
required by CARE.
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
MANAGEMENT NON-COOPERATIVE (91-712-666400)
LOCATIONS
|
Registered Office : |
Gupta Tower, 4th Floor, Temple Road, Civil Lines, Nagpur - 440001,
Maharashtra, India |
|
Tel. No.: |
91-712-6664000 |
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Fax No.: |
91-712-6664089 / 6647144 |
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E-Mail : |
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Website : |
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Location: |
Owned |
DIRECTORS
AS ON: 29.12.2014
|
Name : |
Mr. Padmesh Deodutta Gupta |
|
Designation : |
Director |
|
Address : |
House No. 190, Hari-Nikunj, Museum Road, Civil Lines, Nagpur – 440001, Maharashtra, India |
|
Date of Birth/Age : |
29.02.1964 |
|
Date of Appointment : |
05.05.1989 |
|
DIN No.: |
00263859 |
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|
|
|
Name : |
Mr. Piyush Rajesh Marodia |
|
Designation : |
Whole-time Director |
|
Address : |
House No. 190, Hari-Nikunj, Museum Road, Civil Lines, Nagpur – 440001, Maharashtra, India |
|
Date of Birth/Age : |
18.08.1984 |
|
Date of Appointment : |
17.05.2007 |
|
PAN No.: |
AMPPM8122L |
|
DIN No.: |
01730162 |
KEY EXECUTIVES
|
Name : |
Kunal Dutt |
|
Designation : |
Company Secretary |
|
|
|
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Name : |
Nitin Bhusari |
|
Designation : |
Company Secretary |
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Name : |
Mansi Tarun Kumar Modi |
|
Designation : |
Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 29.12.2014
|
Names of Shareholders |
No. of Shares |
%age Holding |
|
Padmesh Gupta |
69267 |
2.13 |
|
Anuradha Gupta |
53800 |
1.66 |
|
Anurag Gupta |
7888 |
0.24 |
|
Kaustubh Gupta |
7887 |
0.24 |
|
Padmesh Gupta HUF |
16300 |
0.50 |
|
Yash Gupta |
410 |
0.01 |
|
Gupta Leasing and Finance Limited, India |
89750 |
2.76 |
|
Indo-Krishna Green Fields Limited, India |
13950 |
0.43 |
|
Tasmseen Commercial LLP, India |
34400 |
1.06 |
|
Manasi Commodities LLP, India |
41000 |
1.26 |
|
Gupta Corporation Private Limited, India |
2894660 |
89.13 |
|
Saphire Steel Private Limited, India |
3500 |
0.11 |
|
Gupta Natural Resource Ventures Private Limited, India |
15000 |
0.46 |
|
|
|
|
|
Total |
3247812 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON: 29.12.2014
|
Category |
Percentage |
|
Bodies corporate |
95.21 |
|
Directors or relatives of Directors |
4.79 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of coal trading. |
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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 : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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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)
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Financial Institution : |
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Auditors : |
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Name : |
Banthia Damani and Associates Chartered Accountants |
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Address : |
SO-8, Amarjyoti Palace, Dhantoli, Wardha Road, Nagpur - 440012,
Maharashtra, India |
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PAN No.: |
AAGFB7463E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates : (As on: 31.03.2013) |
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Holding Company: (As on: 31.03.2013) |
Gupta Corporation Private Limited |
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Subsidiary Company: (As on: 31.03.2013) |
Transasia Pacific GGNR Pte Limited |
CAPITAL STRUCTURE
AS ON: 29.12.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.100/- each |
Rs. 400.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3247812 |
Equity Shares |
Rs.100/- each |
Rs. 324.781
Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
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|
(1)Shareholders' Funds |
|
|
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(a) Share Capital |
324.781 |
305.044 |
297.928 |
|
(b) Reserves &
Surplus |
4125.430 |
3750.906 |
3673.119 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
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(2) Share Application
money pending allotment |
0.000 |
0.000 |
97.500 |
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Total Shareholders’ Funds
(1) + (2) |
4450.211 |
4055.950 |
4068.547 |
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(3) Non-Current
Liabilities |
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|
|
|
(a) long-term borrowings |
2271.414 |
2465.747 |
245.689 |
|
(b) Deferred tax
liabilities (Net) |
226.293 |
180.848 |
118.318 |
|
(c) Other long term
liabilities |
364.463 |
2812.528 |
385.979 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
2862.170 |
5459.123 |
749.986 |
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(4) Current Liabilities |
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|
|
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(a) Short term borrowings |
9994.608 |
15052.668 |
3124.925 |
|
(b) Trade payables |
13981.077 |
6140.184 |
6367.627 |
|
(c) Other current
liabilities |
754.420 |
2848.394 |
859.017 |
|
(d) Short-term provisions |
149.744 |
123.581 |
190.652 |
|
Total Current Liabilities
(4) |
24879.849 |
24164.827 |
10542.221 |
|
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TOTAL |
32192.230 |
33679.900 |
15360.754 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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|
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(i) Tangible assets |
880.012 |
924.821 |
532.108 |
|
(ii) Intangible Assets |
0.476 |
0.625 |
0.000 |
|
(iii) Capital
work-in-progress |
375.168 |
361.324 |
292.028 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
476.038 |
495.727 |
153.303 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1123.575 |
691.377 |
125.486 |
|
(e) Other Non-current
assets |
278.468 |
198.136 |
103.925 |
|
Total Non-Current Assets |
3133.737 |
2672.010 |
1206.850 |
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
3762.727 |
7954.061 |
3584.084 |
|
(c) Trade receivables |
13156.833 |
12966.589 |
4690.534 |
|
(d) Cash and cash
equivalents |
1581.743 |
2535.166 |
1342.914 |
|
(e) Short-term loans and
advances |
10512.034 |
7492.108 |
4512.543 |
|
(f) Other current assets |
45.156 |
59.966 |
23.829 |
|
Total Current Assets |
29058.493 |
31007.890 |
14153.904 |
|
|
|
|
|
|
TOTAL |
32192.230 |
33679.900 |
15360.754 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
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Income |
|
|
21870.651 |
|
|
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Other Income |
|
|
71.497 |
|
|
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TOTAL |
38897.254 |
36005.451 |
21942.148 |
|
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|
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Less: |
EXPENSES |
|
|
|
|
|
|
|
Consumption Materials Changes Inventories |
|
|
18329.766 |
|
|
|
Manufacturing Service Cost |
|
|
2431.893 |
|
|
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Employee Related Expenses |
|
|
50.391 |
|
|
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Administrative Selling and Other Expenses |
|
|
281.180 |
|
|
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TOTAL |
38717.312 |
35797.914 |
21093.230 |
|
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Less: |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
Including
Financial and Depreciation Expenses |
Including
Financial and Depreciation Expenses |
848.918 |
|
|
|
|
|
|
|
|
|
Less: |
FINANCIAL
EXPENSES |
|
|
295.729 |
|
|
|
|
|
|
|
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|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
553.189 |
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|
|
|
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|
|
|
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Less: |
DEPRECIATION/
AMORTISATION |
|
|
23.823 |
|
|
|
|
|
|
|
|
|
|
Prior Period Expenses |
(28.013) |
108.120 |
4.373 |
|
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|
PROFIT BEFORE
TAX |
207.955 |
99.417 |
524.993 |
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Less: |
TAX |
78.607 |
94.700 |
208.386 |
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|
PROFIT AFTER TAX
|
129.348 |
4.717 |
316.607 |
|
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Less: |
INCOME
TAX EARLIER YEAR |
NA |
NA |
19.651 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
296.956 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN CURRENCY |
49.016 |
34.387 |
NA |
|
|
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|
|
|
|
|
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|
IMPORTS |
NA |
20156.330 |
12249.859 |
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|
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|
Earnings Per Share
(Rs.) |
39.83 |
1.55 |
453.14 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
257.517 |
144.015 |
548.060 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net Cash flow from used in Operations |
NA |
(10860.892) |
(2888.436) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
NA |
NA |
1.45 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
NA |
3.88 |
|
|
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|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.66 |
0.30 |
3.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.02 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.81 |
4.35 |
0.96 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.17 |
1.28 |
1.34 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
297.928 |
305.044 |
324.781 |
|
Reserves & Surplus |
3673.119 |
3750.906 |
4125.430 |
|
Share Application money pending allotment |
97.500 |
0.000 |
0.000 |
|
Net worth |
4068.547 |
4055.950 |
4450.211 |
|
|
|
|
|
|
long-term borrowings |
245.689 |
2465.747 |
2271.414 |
|
Short term borrowings |
3124.925 |
15052.668 |
9994.608 |
|
Current Maturities of
Long-Term Debts |
548.060 |
144.015 |
257.517 |
|
Total borrowings |
3918.674 |
17662.430 |
12523.539 |
|
Debt/Equity ratio |
0.963 |
4.355 |
2.814 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
21942.147 |
36005.450 |
38897.253 |
|
|
|
64.093 |
8.032 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
21942.147 |
36005.450 |
38897.253 |
|
Profit |
316.607 |
4.717 |
129.347 |
|
|
1.44% |
0.01% |
0.33% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
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 |
No |
|
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 |
Yes |
|
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: Registered office of the company has been
shifted from Shriram Tower, 7th Floor, Kingsway, S.V. Patel Marg,
Nagpur-440001, Maharashtra, India to the present address w. e. f. 07.11.2012
FINANCIAL RESULTS:
(As On: 31.03.2013)
The Company has earned a net profit of Rs. 129.300 Million approximately as compared with Rs. 4.717 Million in the previous year. Although the company has shown an increase in the net profits during the year, certain policy decisions from the government agencies/ authorities has led to the overall slowdown of coal industry which ultimately impacted the principle business of coal trading of the Company. On account of the liquidity crisis and the high cost debts availed, the Company is exploring the possibilities of restructuring within the framework prevailing in the country to meet the obligations.
REVIEW OF
OPERATIONS: (As On: 31.03.2013)
The global economic slowdown along with the policy paralysis in the country has posed a grave challenge for the Company to sustain itself in such turbulent times. The setbacks in the coal industry in the country has taken a toll on the previously booming trade.
It is notable that despite the unfavorable circumstances, the Company continued to meet its obligations towards its Lenders by way of payment of interest and installments in a regular manner. In order to curtail the situation of financial stress, the Company has taken the following significant decisions.
UNSECURED LOAN:
|
PARTICULARS |
31.03.2013 (Rs.
in Million) |
31.03.2012 (Rs.
in Million) |
|
SHORT TERM
BORROWINGS: |
|
|
|
Intercorporate Borrowings |
147.900 |
197.900 |
|
Loans and Advances from Others |
2.625 |
37.902 |
|
|
|
|
|
Total |
150.525 |
235.802 |
INDEX
OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10558030 |
12/02/2015 |
3,539,100,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE, COLABA, MUMBAI, MUMBAI, MAHARASHTRA - 400005, INDIA |
C48315766 |
|
2 |
10550954 |
03/01/2015 |
250,000,000.00 |
SREI EQUIPMENT FINANCE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
C44516912 |
|
3 |
10357303 |
19/05/2012 |
690,000,000.00 |
VIJAYA BANK |
C.A. ROAD, NAGPUR, MAHARASHTRA - 440011, INDIA |
B40198640 |
|
4 |
10357958 |
15/04/2012 |
500,000,000.00 |
SREI INFRASTRUCTURE FINANCE LIMITED |
VISHWAKARMA,86C, TOPSIA ROAD (SOUTH), KOLKATA, WEST BENGAL - 700046, INDIA |
B40533796 |
|
5 |
10357956 |
15/04/2012 |
800,000,000.00 |
SREI INFRASTRUCTURE FINANCE LIMITED |
VISHWAKARMA,86C, TOPSIA ROAD (SOUTH), KOLKATA, WEST BENGAL - 700046, INDIA |
B40533317 |
|
6 |
10352332 |
03/10/2012 * |
900,000,000.00 |
IDBI Bank Limited |
3RD FLOOR, GUPTA TOWER, TEMPLE ROAD, CIVIL LINES, NAGPUR, MAHARASHTRA - 440001, INDIA |
B60399672 |
|
7 |
10345278 |
06/03/2012 |
1,085,000,000.00 |
PUNJAB NATIONAL BANK |
MID CORPORATE BRANCH, SURYANAGAR, NAGPUR, MAHARASHTRA - 440008, INDIA |
B36177996 |
|
8 |
10345186 |
25/02/2012 |
2,350,000,000.00 |
ALLAHABAD BANK |
CIVIL LINES BRANCH, CIVIL LINES, NAGPUR, MAHARASHTRA - 440001, INDIA |
B36139988 |
|
9 |
10330298 |
20/12/2011 |
2,050,000,000.00 |
UNION BANK OF INDIA |
CIVIL LINES BRANCH, NAGPUR, MAHARASHTRA - 440001, INDIA |
B30064901 |
|
10 |
10309486 |
01/10/2011 |
1,250,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B22250443 |
FIXED ASSETS:
Tangible
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipment
Intangible
- 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, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records 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. 63.89 |
|
UK Pound |
1 |
Rs. 99.10 |
|
Euro |
1 |
Rs. 70.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
THR |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
28 |
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.