MIRA INFORM REPORT
|
Report No. : |
325587 |
|
Report Date : |
04.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
LP
(INDIA) LOGISTICS PRIVATE LIMITED (w.e.f. 28.05.2003) |
|
|
|
|
Formerly Known
As : |
LILADHAR FORWARDERS PRIVATE
LIMITED |
|
|
|
|
Registered
Office : |
57, Mulji House, 3rd
Floor, 41-45, Devji Ratansey Marg, Dana Bunder, Masjid (East), Mumbai – 400
009, Maharashtra |
|
Tel. No.: |
91-22-67431800 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
20.09.2002 |
|
|
|
|
Com. Reg. No.: |
11-137315 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.5.000
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63090MH2002PTC137315 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject
is engaged in the business of providing services of Freight Forwarders, Multi
Modal Transport Operators, Storage and Warehousing, Distribution Services,
Business Support Services, and Material Handling and Survey Services. |
|
|
|
|
No. of Employees
: |
Information declined by the Management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
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 is an
established company having satisfactory track record. General financial
position of the company seems to be fair. Trade relations
are fair. Business is active. Payment terms are reported to be usually
correct. 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 DECLINED BY
|
Name : |
Mr. Rakesh Gandhi |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-67431800 |
|
Date : |
02.06.2015 |
LOCATIONS
|
Registered Office/ Corporate Office : |
57, Mulji House, 3rd
Floor, 41-45, Devji Ratansey Marg, Dana Bunder, Masjid (East), Mumbai – 400
009, Maharashtra, India |
|
Tel. No.: |
91-22-67431800/ 66166900 |
|
Fax No.: |
91-22-66166966/ 66311875 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
Located at: ·
Ahmedabad ·
Ankleshwar ·
Bengaluru ·
Bharuch
(Dahej) ·
Chennai ·
Kandla ·
Kolkata ·
Ludhiana ·
Morbi ·
Mumbai
Airport ·
Mumbai
Nhava Sheva ·
Mundra ·
New
Delhi ·
Pipavav ·
Pune ·
Tuticorin ·
Vadodara |
|
|
|
|
Container Freight
Station : |
Located at: ·
Mumbai
Nhava Sheva ·
Mundra |
|
|
|
|
Warehouse : |
Located at: ·
Mumbai
·
Chennai ·
Kandla |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr.
Devendra Liladhar Shah |
|
Designation : |
Director |
|
Address : |
217,
Diwadkar Building, Sir Balchandra Road, Matunga (C.R.), Mumbai – 400 019,
Maharashtra, India |
|
Date of Birth/Age : |
07.03.1954 |
|
Date of Appointment : |
20.09.2002 |
|
DIN No.: |
00012022 |
|
|
|
|
Name : |
Mr.
Zubin Zaverchand Shah |
|
Designation : |
Director |
|
Address : |
250,
Leela Baug, Telang Road, Matunga (C.R.), Mumbai – 400 019, Maharashtra, India |
|
Date of Birth/Age : |
19.11.1980 |
|
Date of Appointment : |
29.09.2010 |
|
DIN No.: |
00012120 |
|
|
|
|
Name : |
Mr.
Ravi Kishore Shah |
|
Designation : |
Director |
|
Address : |
35,
Bhagwat Sadan, Ground Floor, Behind Arora Cinema, Matunga (C.R.), Mumbai –
400 019, Maharashtra, India |
|
Date of Birth/Age : |
07.02.1980 |
|
Date of Appointment : |
01.06.2003 |
|
DIN No.: |
00012145 |
|
|
|
|
Name : |
Mr.
Paras Vasanji Vira |
|
Designation : |
Director |
|
Address : |
35,
Bhagwat Sadan, Ground Floor, Behind Arora Cinema, Matunga (C.R.), Mumbai –
400 019, Maharashtra, India |
|
Date of Birth/Age : |
31.10.1975 |
|
Date of Appointment : |
01.06.2011 |
|
DIN No.: |
00012235 |
KEY EXECUTIVES
|
Name : |
Mr. Rakesh Gandhi |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Liladhar Pasoo Forwarders
Private Limited, India |
400000 |
80.00 |
|
Liladhar Pasoo Forwarders
Private Limited, India and Kishore Liladhar Shah |
25000 |
5.00 |
|
Liladhar Pasoo Forwarders
Private Limited, India and Gautam Zaverchand Shah |
75000 |
15.00 |
|
Total |
500000 |
100.00 |
%20LOGISTICS%20PRIVATE%20LIMITED%20-%20325587_MIRA%2004-Jun-2015_files/image013.gif)
AS ON 30.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies corporate |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject
is engaged in the business of providing services of Freight Forwarders, Multi
Modal Transport Operators, Storage and Warehousing, Distribution Services,
Business Support Services, and Material Handling and Survey Services. |
|
|
|
|
Products/ Services : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
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|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
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 : |
·
Yes Bank Limited ·
ICICI Bank Limited |
||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||
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Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kiran Mehta and Company Chartered Accountants |
|
Head Office
Address : |
11-13, 2nd Floor, Medows House,Medows Street, Tamarind
Lane, Flora Fountain, Mumbai – 400 001, Maharashtra, India |
|
Tel. No.: |
91-22-67495263-77/ 22677062 |
|
Fax No.: |
91-22-22641135 |
|
E-Mail : |
|
|
Branch Office
Address : |
65, Mahatma Gandhi Road, Opposite HSBC, Flora Fountain, Mumbai – 400
001, Maharashtra, India |
|
Tel. No.: |
91-22-22675140 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFK3940M |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
Liladhar Pasoo Forwarders Private
Limited, India (CIN No.: U99999MH1984PTC034237) |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000
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 & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000
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 |
5.000 |
5.000 |
5.000 |
|
(b) Reserves & Surplus |
80.527 |
64.024 |
42.977 |
|
(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) |
85.527 |
69.024 |
47.977 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
29.370 |
33.907 |
61.707 |
|
(b) Deferred tax liabilities (Net) |
3.020 |
3.482 |
4.347 |
|
(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) |
32.390 |
37.389 |
66.054 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
34.820 |
25.008 |
65.118 |
|
(c) Other current liabilities |
11.692 |
4.569 |
2.316 |
|
(d) Short-term provisions |
0.902 |
0.817 |
0.479 |
|
Total Current Liabilities (4) |
47.414 |
30.394 |
67.913 |
|
|
|
|
|
|
TOTAL |
165.331 |
136.807 |
181.944 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
30.630 |
34.795 |
44.720 |
|
(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 |
1.436 |
0.674 |
0.615 |
|
(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 |
0.005 |
0.019 |
|
Total Non-Current Assets |
32.066 |
35.474 |
45.354 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
95.801 |
62.487 |
119.199 |
|
(d) Cash and cash equivalents |
4.398 |
13.824 |
3.912 |
|
(e) Short-term loans and advances |
33.066 |
25.022 |
13.479 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
133.265 |
101.333 |
136.590 |
|
|
|
|
|
|
TOTAL |
165.331 |
136.807 |
181.944 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations (Net) |
87.930 |
88.105 |
58.344 |
|
|
|
Other Income |
1.054 |
1.553 |
0.739 |
|
|
|
TOTAL |
88.984 |
89.658 |
59.083 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employee benefit expense |
40.301 |
27.613 |
14.536 |
|
|
|
Other expenses |
12.875 |
14.729 |
12.508 |
|
|
|
TOTAL |
53.176 |
42.342 |
27.044 |
|
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
35.808 |
47.316 |
32.039 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2.941 |
4.480 |
4.077 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
32.867 |
42.836 |
27.962 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
8.227 |
11.754 |
2.608 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
24.640 |
31.082 |
25.354 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
8.038 |
10.035 |
11.054 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
16.602 |
21.047 |
14.300 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
29.621 |
30.578 |
7.482 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
33.00 |
42.00 |
29.00 |
|
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 |
53.479 |
8.634 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
18.88 |
23.89 |
24.51 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
40.72 |
53.70 |
54.91 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.03 |
22.83 |
13.98 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.45 |
0.53 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.34 |
0.49 |
1.29 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.81 |
3.33 |
2.01 |
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 |
5.000 |
5.000 |
5.000 |
|
Reserves & Surplus |
42.977 |
64.024 |
80.527 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
47.977 |
69.024 |
85.527 |
|
|
|
|
|
|
Long-term borrowings |
61.707 |
33.907 |
29.370 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
61.707 |
33.907 |
29.370 |
|
Debt/Equity ratio |
1.286 |
0.491 |
0.343 |
%20LOGISTICS%20PRIVATE%20LIMITED%20-%20325587_MIRA%2004-Jun-2015_files/image015.gif)
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) |
|
Revenue from Operations (Net) |
58.344 |
88.105 |
87.930 |
|
|
|
51.010 |
(0.199) |
%20LOGISTICS%20PRIVATE%20LIMITED%20-%20325587_MIRA%2004-Jun-2015_files/image017.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Revenue from Operations (Net) |
58.344 |
88.105 |
87.930 |
|
Profit |
14.300 |
21.047 |
16.602 |
|
|
24.51% |
23.89% |
18.88% |
%20LOGISTICS%20PRIVATE%20LIMITED%20-%20325587_MIRA%2004-Jun-2015_files/image019.gif)
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 |
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 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 |
CORPORATE INFORMATION
The
Company is engaged in the business of providing services of Freight Forwarders,
Multi Modal Transport Operators, Storage and Warehousing, Distribution
Services, Business Support Services, and Material Handling and Survey Services.
Its principal place of business is at Mumbai and has its branches at Ahmedabad,
Delhi, Chennai and Vadodara.
REVIEW OF OPERATION
During
the year, the company has earned Rs.87.930 million from Rs.88.104 million. The net
profit for the year has been Rs.16.602 million as against Rs.21.047 million
during the previous financial year. The Directors are continuously looking for
avenues for future growth of the Company in logistics industry.
INDEX
OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10349227 |
26/03/2012 |
11,268,330.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI
BAPAT MARG, LOWER PAREL (WEST), MUMBAI, MAHARASHTRA - 400013, INDIA |
B37421047 |
|
2 |
10354434 |
26/03/2012 |
11,268,330.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI
BAPAT MARG, LOWER PAREL (WEST), MUMBAI, MAHARASHTRA - 400013, INDIA |
B39234059 |
|
3 |
10266045 |
13/12/2010 |
25,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE,
DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA
- 400018, INDIA |
B05209036 |
FIXED ASSETS
·
Computer and Printer
·
Furniture and Fixtures
·
Vehicles
·
Office Equipments
·
Land and Building
·
Dumpers and Commercial
Vehicles
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 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.63.85 |
|
UK Pound |
1 |
Rs.98.12 |
|
Euro |
1 |
Rs.71.28 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
7 |
|
--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 |
|
48 |
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.