MIRA INFORM REPORT

 

 

Report No. :

326091

Report Date :

11.06.2015

 

IDENTIFICATION DETAILS

 

Name :

HERTZ CONTROLS (INDIA) PRIVATE LIMITED

 

 

Registered Office :

D-837, DDA Flats, Pocket-3, Bindapur, Dwarka, Delhi – 110 075

Tel. No.:

91-8527591207

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

13.11.1997

 

 

Com. Reg. No.:

55-090681

 

 

Capital Investment / Paid-up Capital :

Rs. 5.685 Million

 

 

CIN No.:

[Company Identification No.]

U31909DL1997PTC090681

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AABCH1849L

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer and Exporter of Sheet Metal Machines.

 

 

No. of Employees :

200 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (43)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 31000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a private limited company established in the year 1997 having satisfactory track.

 

As per financials of the year ending 2014, overall financial position seems to be decent.

 

Trade relations are fair. Business is active. Payment terms are usually correct.

 

In a view of long standing existence, 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

 

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 (GENERAL DETAILS)

 

Name :

Mr. Atul Arora

Designation :

Accounts Executive

Contact No.:

91-8527591207

Date :

06.06.2015

 

 

LOCATIONS

 

Registered Office :

D-837, DDA Flats, Pocket-3, Bindapur, Dwarka, Delhi – 110 075, India

Tel. No.:

Not Available

Mobile No.:

91-8527591207 (Mr. Atul)

Fax No.:

Not Available

E-Mail :

hertzindia@rediffmail.com

Website :

http://www.hertzfeeders.com

Location :

Owned

 

 

Factory  :

Plot No.25, (Khasra No.672), Duhai Industrial Area, Meerut Road, Duhai, Ghaziabad – 201 206, Uttar Pradesh, India

Tel. No.:

91-120-3292638

 

 

DIRECTORS

 

AS ON: 30.09.2014

 

Name :

Mr. Manoj Kumar

Designation :

Director

Address :

M- 65, Chauda Sadatpur, Sector- 25, Gautam Budh Nagar, Noida- 201301, Uttar Pradesh, India

Date of Birth/Age :

10.02.1970

Date of Appointment :

10.08.1999

DIN No.:

00929823

Other Directorship:

S. No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U31909DL1997PTC090681

HERTZ CONTROLS (INDIA) PRIVATE LIMITED

Director

10/08/1999

10/08/1999

-

Active

NO

2

U74999DL2001PTC113030

EZEE SHOP PRIVATE LIMITED

Director

05/11/2001

05/11/2001

-

Strike off

NO

 

 

Name :

Mr. Avneesh Malik

Designation :

Director

Address :

Flat No. 103B, Sector- 5, GH 4 Ivory Tower, Vasundhara, Ghaziabad- 201010, Uttar Pradesh, India

Date of Birth/Age :

15.06.1975

Date of Appointment :

13.11.1997

DIN No.:

00929853

 

 

KEY EXECUTIVES

 

Name :

Prashant Kumar Balodia

Designation :

Company Secretary

 

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON: 30.09.2014

 

Names of Shareholders

 

No. of Shares

Avneesh Malik

 

135900

Manoj Kumar

 

123900

Navneesh Malik

 

15500

Harpal Singh

 

61500

Vinod Kumar

 

3000

Shankutla Devi

 

42600

Sudeesh Kumar

 

1100

Vithik Kumar

 

3500

Anju Malik

 

21000

Neetu

 

36200

Rekha Malik

 

2000

Satyawati

 

2000

Satendra Ahlawat

 

1800

Sushil Kumar

 

1400

Prakashwati

 

26600

Krishna Devi

 

8600

Sweta

 

2000

Davendra

 

1400

Sorabh

 

10800

Ravindra

 

1200

Krishan Pal

 

1200

Kapil Chauhan

 

14400

Preeti Bindra

 

10000

Anita

 

10000

Subhash Chand

 

10000

Vijay Kumar

 

10000

Monika Singh Singh

 

10900

 

 

 

Total

 

568500

 

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 and Exporter of Sheet Metal Machines.

 

 

Products :

·         Pneumatic Feeders

·         Air Feeder

·         Auto Feeder

·         Mechanical Gripper Feeder

·         NC Servo Feeder

·         De-Coiler/ Re-coiler (Motorized and Un-motorized)

·         Strip Straightener/ Leveler

·         Component Straightener

·         Hydraulic Lifting Table

·         Hydraulic Jib Crane

·         Hydraulic Die-Loader

·         Cut to Length Line Machine

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :

Finished Goods

Countries :
  • United States America
  • Israel
  • Bangladesh

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :
  • AMITEX POLYMERS PRIVATE LIMITED
  • ASTRAL POLYTECHNIK LIMITED
  • BEACON ELECTRONICS
  • COSMA INTERNATIONAL (INDIA)
  • DR KITCHENWARFS PRIVATE LIMITED
  • DTL ANCILLARIES LIMITED
  • ELIN ELECTRONICS LIMITED
  • HINDUSTAN MACHINES
  • H.K ENGINEERS
  • HORIZON CHUTES PRIVATE LIMITED
  • HOSUR SMALL MICRO ENGINEERING COMPONENTS LIMITED
  • INDICON ENTERPRISES LIMITED
  • JCM TRADERS
  • J.R.D.PERFECT TOOLS (PRIVATE) LIMITED
  • J.V.STRIPS LIMITED
  • KESHAR DEEP PRESS
  • MATERIAL MOVELL (INDIA) PRIVATE LIMITED
  • NIDHI AUTO PRIVATE LIMITED
  • PAHARPUR COOLING TOWERS LIMITED
  • PARLELLER TRACK ENGINEERING COMPANY PRIVATE LIMITED
  • PRECISION ENGINEERING PRODUCTS
  • PYRAMID EXPORTS MUMBAI
  • RATAN INDUSTRIES
  • RCS STEEL AND AUTO PRIVATE LIMITED
  • SHRI KRISHNA COIL CRAFTS PRIVATE LIMITED
  • SUPER TECH (INDIA) PRIVATE LIMITED
  • UNITED COMPOSHEETS PRIVATE LIMITED (UNIT II)
  • VANSH ISPAT PRIVATE LIMITED

 

 

Customers :

End Users and OEM’s

 

  • A 2 Z FILTRATION SPECIALITIES PRIVATE LIMITED
  • AARM INDUSTRIES
  • APEX STEELS AND TECHNOLOGIES INDIA PRIVATE LIMITED
  • A V ISPAT PRIVATE LIMITED
  • COSMIC INDUSTRIES ( CHENNAI)
  • DIPTI ELECTRICALS
  • ESCON
  • G2 STEEL SERVICES PRIVATE LIMITED
  • GREEN POWER INTERNATIONAL PRIVATE LIMITED
  • MAHAVEER TRADING, HYDRABAD
  • MAX STEEL PROCESSING HOUSE (PRIVATE) LIMITED
  • N.L. PACKAGING PRIVATE LIMITED
  • VELCA RACKING SYSTEM PRIVATE LIMITED

 

 

No. of Employees :

200 (Approximately)

 

 

Bankers :

Banker Name

ICICI Bank

Branch Address

Shastri Nagar, Ghaziabad-201002, Uttar Pradesh, India.

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 
  • Yes Bank Limited, 9th Floor, Nehru Center, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai- 400018, Maharashtra, India.

 

  • Punjab National Bank

 

Facilities :

(Rs. In Million)

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Electronica Finance Limited

(Secured against Plant and Machinery)

0.763

1.119

ICICI Bank Limited

(Secured against motor Car)

0.460

0.764

ICICI Bank Limited

(Secured against Motor Car)

0.592

0.882

 

 

 

SHORT TERM BORROWING

 

 

Yes Bank (Cash Credit Facility)

(Secured against Equitable mortgage of Factory Land and Building at Ghaziabad and Hypothecation on entire Current Assets and Movable Fixed Assets of the Company and personal guarantee of Mr. Avneesh Malik and Mr. Manoj Kumar, Director)

4.859

0.000

 

 

 

Total

6.674

2.765

 

Financial Institution :
  • Electronica Finance Limited, 128/A, Plot No. 3, Kailashchandra Apartments, Paud Road, Kothrud, Pune- 411038, Maharashtra, India.

 

 

Auditors :

 

Name :

Deep Garg and Company

Chartered Accountants

Address :

206, Chhabra Complex, 8, Veer Savarkar Block, Madhuban Road, Shakarpur, New Delhi- 110092, India

Tel. No.:

91-11-26251900/ 26261900

Mobile No.:

91-9818035170

Fax No.:

91-11-41061900

E-Mail :

dcgarg1@yahoo.com

PAN No.:

AACFD1238F

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

(As on 31.03.2013)

Hertz Machine Tools

Ghaziabad, Uttar Pradesh, India

Line of Business: Manufacturer of Machines.

 

 

CAPITAL STRUCTURE

 

AS ON: 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

800000

Equity Shares

Rs.10/- each

Rs. 8.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

568500

Equity Shares

Rs.10/- each

Rs. 5.685 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

5.685

3.912

2.364

(b) Reserves & Surplus

5.187

4.447

3.682

(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)

10.872

8.359

6.046

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

1.815

3.859

3.063

(b) Deferred tax liabilities (Net)

0.039

0.052

0.065

(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)

1.854

3.911

3.128

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

12.303

7.900

5.882

(b) Trade payables

9.168

20.939

3.680

(c) Other current liabilities

0.858

0.868

0.771

(d) Short-term provisions

0.351

0.348

0.305

Total Current Liabilities (4)

22.680

30.055

10.638

 

 

 

 

TOTAL

35.406

42.325

19.812

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

12.607

13.447

11.337

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

0.317

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.061

0.061

0.006

(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

12.668

13.508

11.660

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

2.986

0.676

1.724

(c) Trade receivables

14.301

25.649

4.349

(d) Cash and cash equivalents

3.590

0.387

0.325

(e) Short-term loans and advances

0.593

0.648

1.112

(f) Other current assets

1.268

1.457

0.642

Total Current Assets

22.738

28.817

8.152

 

 

 

 

TOTAL

35.406

42.325

19.812

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Revenue from Operations

54.995

57.045

35.612

 

Other Income

0.563

0.083

0.062

 

TOTAL (A)

55.558

57.128

35.674

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Increase in Stock

(2.309)

24.241

 

Purchases of Stock-in-Trade

41.120

 

2.089

 

Employees Benefit Expenses

3.486

 

1.552

 

Directors Remuneration

2.184

 

2.065

 

Other Expenses

7.816

3.596

 

TOTAL (B)

52.297

53.954

33.543

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)  (C)

3.261

3.174

2.131

 

 

 

 

 

Less:

FINANCIAL EXPENSES (D)

0.504

0.543

0.201

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                               (E)

2.757

2.631

1.930

 

 

 

 

 

Less:

DEPRECIATION/ AMORTISATION (F)

1.677

1.519

0.635

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX (E-F)               (G)

1.080

1.112

1.295

 

 

 

 

 

Less

TAX (H)

0.339

0.348

0.338

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX  (G-H)                  (I)

0.741

0.764

0.957

 

 

 

 

 

Add:

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD  (J)

2.686

1.922

0.965

 

 

 

 

 

 

Balance Carried to the B/S (I+J)                      (K)

3.427

2.686

1.922

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

 3.13

3.23 

 4.79

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2013

31.03.2012

31.03.2011

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

Net Profit Margin

(PAT / Sales)

(%)

1.35

1.34

2.69

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

5.93

5.56

5.98

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

3.06

2.63

6.64

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.10

0.13

0.21

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.30

1.41

1.48

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.00

0.96

0.77

 

 

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

2.364

3.912

5.685

Reserves & Surplus

3.682

4.447

5.187

Net worth

6.046

8.359

10.872

 

 

 

 

long-term borrowings

3.063

3.859

1.815

Short term borrowings

5.882

7.900

12.303

Total borrowings

8.945

11.759

14.118

Debt/Equity ratio

1.479

1.407

1.299

 

 

 

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

35.612

57.045

54.995

 

 

60.185

-3.594

 

 

 

 

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

35.612

57.045

54.995

Profit

0.957

0.764

0.741

 

2.69%

1.34%

1.35%

 

 

 

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)

Yes

16

No. of employees

Yes

17

Details of sister concerns

Yes

18

Major suppliers

Yes

19

Major customers

Yes

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

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

UNSECURED LOAN:

 

PARTICULARS

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

LONG TERM BORROWINGS:

 

 

Standard Chartered Bank

0.000

0.694

Manoj Kumar

0.000

0.200

Rajiv Tyagi

0.000

0.200

 

 

 

SHORT TERM BORROWINGS:

 

 

ICICI Bank Limited

0.241

0.765

Advanced from Customers

7.203

7.135

Total

7.444

8.994

 

 

INDEX OF CHARGES:

 

S. No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10470967

20/12/2013 *

7,500,000.00

YES BANK LIMITED

9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. 
ANNIE BESANT ROAD, WORLI, MUMBAI- MAHARASHTRA - 
400018, INDIA

B94698420

2

10336311

10/02/2012

1,362,000.00

ELECTRONICA FINANCE LIMITED

128/A, PLOT NO.3, KAILASHCHANDRA APPARTMENTS,, PAUD ROAD, KOTHRUD, PUNE, MAHARASHTRA - 411038, INDIA

B32438947

3

10293093

30/05/2011

490,000.00

ELECTRONICA FINANCE LIMITED

128/A, PLOT NO.3, KAILASHCHANDRA APPARTMENTS,, PAUD ROAD, KOTHRUD, PUNE, MAHARASHTRA - 411038, INDIA

B15316243

 

 

FIXED ASSETS:

 

  • Motor Car
  • Air Conditioner
  • Computer
  • Mobile Handset
  • Refrigerator
  • Plant and Machinery
  • Store, Spares and Tools
  • Scooter
  • CCTV
  • Voltage Stabilizer
  • Furniture and Fixture
  • Generator
  • LCD TV
  • Factory Land
  • Factory Building

 

 

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 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. 63.88

UK Pound

1

Rs. 98.47

Euro

1

Rs. 72.15

 

 

INFORMATION DETAILS

 

Information Gathered by :

KMN

 

 

Analysis Done by :

KIN

 

 

Report Prepared by :

THR

 

 

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

5

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

4

--RESERVES

1~10

5

--CREDIT LINES

1~10

4

--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

YES

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

43

 

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

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.